Schedule of Investments (unaudited)  November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.5%
Omnicom Group Inc./Omnicom Capital Inc., 3.65%, 11/01/24 (Call 08/01/24)(a)	$	206	$	227,319
WPP Finance 2010
3.63%, 09/07/22		698		733,493
3.75%, 09/19/24		1,407		1,549,473
				2,510,285
Aerospace & Defense — 0.2%
Hexcel Corp., 4.70%, 08/15/25 (Call 05/15/25)		85		94,419
L3Harris Technologies Inc.
3.83%, 04/27/25 (Call 01/27/25)		386		433,030
3.85%, 06/15/23 (Call 05/15/23)		220		237,734
Raytheon Technologies Corp.
2.50%, 12/15/22 (Call 09/15/22)(b)		200		207,334
3.95%, 08/16/25 (Call 06/16/25)		53		60,534
				1,033,051
Agriculture — 0.8%
Bunge Ltd. Finance Corp.
1.63%, 08/17/25 (Call 07/17/25)(a)		412		420,652
3.00%, 09/25/22 (Call 08/25/22)		1,653		1,713,302
4.35%, 03/15/24 (Call 02/15/24)		1,491		1,644,200
				3,778,154
Airlines — 0.1%
Southwest Airlines Co.
4.75%, 05/04/23		5		5,419
5.25%, 05/04/25 (Call 04/04/25)		255		290,626
				296,045
Apparel — 0.5%
NIKE Inc.
2.25%, 05/01/23 (Call 02/01/23)		328		342,288
2.40%, 03/27/25 (Call 02/27/25)		31		33,313
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25)		407		445,343
Ralph Lauren Corp., 1.70%, 06/15/22		71		72,414
Tapestry Inc., 3.00%, 07/15/22 (Call 06/15/22)		513		521,203
VF Corp.
2.05%, 04/23/22		70		71,544
2.40%, 04/23/25 (Call 03/23/25)		635		675,297
				2,161,402
Auto Manufacturers — 2.3%
American Honda Finance Corp.
1.00%, 09/10/25(a)		100		100,938
1.20%, 07/08/25		150		152,838
1.95%, 05/20/22		219		224,070
2.05%, 01/10/23		166		171,616
2.15%, 09/10/24		518		546,666
2.20%, 06/27/22		338		347,630
2.40%, 06/27/24		184		195,134
2.60%, 11/16/22		195		203,391
2.90%, 02/16/24		294		315,042
3.45%, 07/14/23(a)		138		148,834
3.55%, 01/12/24		670		730,106
3.63%, 10/10/23		444		484,324
Cummins Inc.
0.75%, 09/01/25 (Call 08/01/25)		2,060		2,069,270
3.65%, 10/01/23 (Call 07/01/23)		877		949,800
General Motors Co., 4.00%, 04/01/25		500		552,025
General Motors Financial Co. Inc.
2.90%, 02/26/25 (Call 01/26/25)		500		529,825

Security	Par (000)		Value
Auto Manufacturers (continued)
3.50%, 11/07/24 (Call 09/07/24)	$	13	$	14,008
3.70%, 05/09/23 (Call 03/09/23)		211		223,474
3.95%, 04/13/24 (Call 02/13/24)		147		159,443
4.00%, 01/15/25 (Call 10/15/24)		500		547,515
4.15%, 06/19/23 (Call 05/19/23)		189		203,217
4.25%, 05/15/23(a)		113		121,744
4.35%, 04/09/25 (Call 02/09/25)		200		223,266
5.10%, 01/17/24 (Call 12/17/23)		162		181,106
PACCAR Financial Corp.
0.35%, 08/11/23		8		7,996
1.90%, 02/07/23		75		77,488
2.65%, 04/06/23		28		29,524
Toyota Motor Corp., 2.16%, 07/02/22(a)		5		5,146
Toyota Motor Credit Corp.
0.45%, 07/22/22		115		115,305
0.50%, 08/14/23		259		259,743
1.15%, 05/26/22		57		57,719
1.80%, 02/13/25		172		179,943
2.80%, 07/13/22		5		5,201
2.90%, 03/30/23		68		71,944
2.90%, 04/17/24		18		19,371
3.00%, 04/01/25		290		318,379
3.40%, 04/14/25		30		33,481
				10,576,522
Auto Parts & Equipment — 0.4%
Aptiv Corp., 4.15%, 03/15/24 (Call 12/15/23)		953		1,050,940
BorgWarner Inc., 3.38%, 03/15/25 (Call 12/15/24)(a)		584		642,248
Magna International Inc., 3.63%, 06/15/24 (Call 03/15/24)		243		265,983
				1,959,171
Banks — 27.6%
Australia & New Zealand Banking Group Ltd./New York NY
2.30%, 06/01/21		50		50,510
2.63%, 05/19/22		725		749,650
2.63%, 11/09/22		582		608,330
Banco Bilbao Vizcaya Argentaria SA
0.88%, 09/18/23		2,220		2,230,323
1.13%, 09/18/25		1,405		1,410,395
Banco Santander SA
2.75%, 05/28/25		335		356,450
3.85%, 04/12/23		105		112,555
Bancolombia SA, 3.00%, 01/29/25 (Call 12/29/24)		400		412,712
Bank of America Corp.
1.32%, 06/19/26 (Call 06/19/25)(c)		254		257,584
1.49%, 05/19/24 (Call 05/19/23)(c)		95		97,104
2.02%, 02/13/26 (Call 02/13/25)(c)		1,525		1,589,934
2.46%, 10/22/25 (Call 10/22/24)(c)		400		424,128
2.82%, 07/21/23 (Call 07/21/22)(c)		246		255,195
2.88%, 04/24/23 (Call 04/24/22)(c)		15		15,495
3.00%, 12/20/23 (Call 12/20/22)(c)		632		663,752
3.09%, 10/01/25 (Call 10/01/24)(c)		274		296,476
3.30%, 01/11/23		25		26,515
3.37%, 01/23/26 (Call 01/23/25)(c)		157		172,165
3.46%, 03/15/25 (Call 03/15/24)(c)		686		744,406
3.55%, 03/05/24 (Call 03/05/23)(c)		627		667,931
3.86%, 07/23/24 (Call 07/23/23)(c)		663		719,428
3.88%, 08/01/25		125		142,070
4.00%, 04/01/24		368		407,619
4.00%, 01/22/25		126		141,068
4.10%, 07/24/23		376		411,897

1

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.13%, 01/22/24	$	95	$	105,073
4.20%, 08/26/24		347		388,671
Series L, 3.95%, 04/21/25		283		317,540
Bank of Montreal
1.85%, 05/01/25(a)		185		193,819
2.05%, 11/01/22		467		482,472
2.35%, 09/11/22		982		1,018,285
2.50%, 06/28/24		817		870,799
2.55%, 11/06/22 (Call 10/06/22)		949		988,080
2.90%, 03/26/22		953		985,774
4.34%, 10/05/28 (Call 10/05/23)(c)		358		388,083
Series E, 3.30%, 02/05/24		1,118		1,210,749
Bank of New York Mellon Corp. (The)
1.60%, 04/24/25 (Call 03/24/25)		615		640,676
1.95%, 08/23/22		359		369,386
2.10%, 10/24/24		725		766,564
2.20%, 08/16/23 (Call 06/16/23)		1,171		1,224,807
2.60%, 02/07/22 (Call 01/07/22)(a)		262		268,851
2.66%, 05/16/23 (Call 05/16/22)(c)		633		653,914
2.95%, 01/29/23 (Call 12/29/22)		347		365,710
3.25%, 09/11/24 (Call 08/11/24)		66		72,336
3.40%, 05/15/24 (Call 04/15/24)		278		304,151
3.45%, 08/11/23		407		440,065
3.50%, 04/28/23		534		573,959
Series 0012, 3.65%, 02/04/24 (Call 01/05/24)		519		568,238
Series G, 3.00%, 02/24/25 (Call 01/24/25)		35		38,351
Bank of Nova Scotia (The)
1.30%, 06/11/25		786		803,182
1.63%, 05/01/23		106		109,053
1.95%, 02/01/23		44		45,447
2.00%, 11/15/22		371		383,117
2.20%, 02/03/25		1,652		1,746,544
2.38%, 01/18/23		231		240,508
2.45%, 09/19/22		746		775,325
2.70%, 03/07/22		1,392		1,435,263
3.40%, 02/11/24		772		838,809
Barclays PLC
2.85%, 05/07/26 (Call 05/07/25)(c)		385		408,793
3.68%, 01/10/23 (Call 01/10/22)		225		232,272
3.93%, 05/07/25 (Call 05/07/24)(c)		635		690,715
4.34%, 05/16/24 (Call 05/16/23)(c)		600		647,322
4.61%, 02/15/23 (Call 02/15/22)(c)		270		282,471
BBVA USA
2.88%, 06/29/22 (Call 05/29/22)		890		922,316
2.50%, 08/27/24 (Call 07/27/24)		530		563,470
BNP Paribas SA
3.25%, 03/03/23		530		564,312
4.25%, 10/15/24		530		593,637
BPCE SA
2.75%, 12/02/21		1,473		1,508,706
4.00%, 04/15/24		440		487,894
Canadian Imperial Bank of Commerce
0.95%, 06/23/23		62		62,762
2.25%, 01/28/25		924		979,616
2.55%, 06/16/22		1,952		2,021,413
2.61%, 07/22/23 (Call 07/22/22)(a)(c)		592		613,123
3.10%, 04/02/24		1,075		1,162,569
3.50%, 09/13/23		1,566		1,702,195
Citigroup Inc.
2.88%, 07/24/23 (Call 07/24/22)(c)		1,030		1,069,418

Security	Par (000)		Value
Banks (continued)
3.11%, 04/08/26 (Call 04/08/25)(c)	$	965	$	1,047,893
3.30%, 04/27/25		352		390,734
3.35%, 04/24/25 (Call 04/24/24)(c)		581		629,223
3.38%, 03/01/23(a)		244		259,355
3.50%, 05/15/23		504		539,134
3.75%, 06/16/24		146		161,204
4.00%, 08/05/24		104		115,554
4.04%, 06/01/24 (Call 06/01/23)(c)		840		911,114
4.40%, 06/10/25		105		120,118
5.50%, 09/13/25		37		44,513
Citizens Bank N.A./Providence RI, 3.25%, 02/14/22 (Call 01/14/22)		300		309,552
Comerica Bank, 2.50%, 07/23/24		309		329,023
Comerica Inc., 3.70%, 07/31/23 (Call 06/30/23)		1,276		1,381,372
Cooperatieve Rabobank UA, 3.88%, 02/08/22		629		655,493
Credit Suisse AG/New York NY, 3.63%, 09/09/24		635		704,469
Credit Suisse Group AG, 3.80%, 06/09/23		265		285,397
Deutsche Bank AG/London, 3.70%, 05/30/24		318		341,433
Deutsche Bank AG/New York NY
3.30%, 11/16/22		579		603,110
3.95%, 02/27/23		500		530,605
3.96%, 11/26/25 (Call 11/26/24)(c)		1,250		1,352,337
Series D, 5.00%, 02/14/22		100		104,582
Fifth Third Bancorp., 3.65%, 01/25/24 (Call 12/25/23)		65		70,738
First Horizon National Corp., 4.00%, 05/26/25 (Call 04/26/25)		30		33,131
Goldman Sachs Group Inc. (The)
2.91%, 06/05/23 (Call 06/05/22)(c)		499		517,169
2.91%, 07/24/23 (Call 07/24/22)(c)		496		515,413
3.20%, 02/23/23 (Call 01/23/23)		596		630,371
3.27%, 09/29/25 (Call 09/29/24)(c)		816		889,309
3.50%, 01/23/25 (Call 10/23/24)		145		159,475
3.50%, 04/01/25 (Call 03/01/25)		391		433,228
3.63%, 01/22/23		552		588,863
3.63%, 02/20/24 (Call 01/20/24)		486		529,998
3.75%, 05/22/25 (Call 02/22/25)		80		89,410
3.85%, 07/08/24 (Call 04/08/24)		273		300,707
4.00%, 03/03/24		808		892,113
HSBC Holdings PLC
2.10%, 06/04/26 (Call 06/04/25)(c)		520		536,728
2.63%, 11/07/25 (Call 11/07/24)(c)		225		237,470
3.80%, 03/11/25 (Call 03/11/24)(c)		605		657,411
4.25%, 03/14/24		95		104,165
4.29%, 09/12/26 (Call 09/12/25)(c)		250		283,463
Huntington Bancshares Inc./OH
2.63%, 08/06/24 (Call 07/06/24)		480		514,094
4.00%, 05/15/25 (Call 04/15/25)		30		34,045
ING Groep NV
3.15%, 03/29/22		738		764,361
3.55%, 04/09/24		637		695,712
4.10%, 10/02/23		455		500,182
Intesa Sanpaolo SpA, 5.25%, 01/12/24(a)		750		837,135
JPMorgan Chase & Co.
1.51%, 06/01/24 (Call 06/01/23)(c)		249		254,944
2.01%, 03/13/26 (Call 03/13/25)(c)		905		945,390
2.08%, 04/22/26 (Call 04/22/25)(c)		862		904,566
2.30%, 10/15/25 (Call 10/15/24)(c)		121		127,904
2.70%, 05/18/23 (Call 03/18/23)		9		9,470
3.13%, 01/23/25 (Call 10/23/24)		69		75,371
3.20%, 01/25/23		45		47,686
3.22%, 03/01/25 (Call 03/01/24)(c)		492		531,237

2

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.63%, 05/13/24	$	300	$	330,861
3.80%, 07/23/24 (Call 07/23/23)(c)		40		43,354
3.88%, 02/01/24		13		14,342
3.88%, 09/10/24		244		271,970
3.90%, 07/15/25 (Call 04/15/25)		19		21,517
4.02%, 12/05/24 (Call 12/05/23)(c)		955		1,051,522
KeyBank N.A./Cleveland OH
2.40%, 06/09/22		262		270,208
3.38%, 03/07/23		275		293,433
Lloyds Banking Group PLC
2.44%, 02/05/26 (Call 02/05/25)(c)		935		984,087
2.86%, 03/17/23 (Call 03/17/22)(c)		325		334,337
3.90%, 03/12/24		200		219,082
4.05%, 08/16/23		120		130,795
4.50%, 11/04/24		255		283,647
Mitsubishi UFJ Financial Group Inc.
2.19%, 02/25/25		560		590,005
2.80%, 07/18/24		10		10,694
2.95%, 03/01/21		250		251,628
3.41%, 03/07/24		399		433,282
3.76%, 07/26/23		86		93,276
Mizuho Financial Group Inc.
1.24%, 07/10/24 (Call 07/10/23)(c)		450		456,156
2.23%, 05/25/26 (Call 05/25/25)(c)		785		822,570
2.56%, 09/13/25 (Call 09/13/24)(c)		355		375,768
2.72%, 07/16/23 (Call 07/16/22)(c)		350		361,785
2.84%, 07/16/25 (Call 07/16/24)(c)		225		239,360
2.95%, 02/28/22		839		866,192
3.55%, 03/05/23		300		320,205
Morgan Stanley
2.19%, 04/28/26 (Call 04/28/25)(c)		506		533,683
2.72%, 07/22/25 (Call 07/22/24)(c)		699		747,755
2.75%, 05/19/22		1,344		1,390,072
3.13%, 01/23/23		835		882,102
3.70%, 10/23/24		1,162		1,292,028
3.74%, 04/24/24 (Call 04/24/23)(c)		1,377		1,480,055
3.75%, 02/25/23		1,086		1,163,986
4.00%, 07/23/25		273		312,386
4.10%, 05/22/23		311		336,661
4.88%, 11/01/22		1,010		1,091,669
Series F, 3.88%, 04/29/24		708		782,821
National Australia Bank Ltd./New York, 2.50%, 05/22/22		407		420,219
Natwest Group PLC
3.75%, 11/01/29 (Call 11/01/24)(a)(c)		700		739,753
3.88%, 09/12/23		405		438,623
4.27%, 03/22/25 (Call 03/22/24)(c)		410		450,524
4.52%, 06/25/24 (Call 06/25/23)(c)		525		572,192
5.13%, 05/28/24		512		571,899
6.00%, 12/19/23		715		811,167
6.10%, 06/10/23		8		8,916
6.13%, 12/15/22		175		191,889
Northern Trust Corp., 2.38%, 08/02/22		623		644,755
PNC Bank N.A., 3.50%, 06/08/23 (Call 05/09/23)		367		394,286
PNC Financial Services Group Inc. (The)
2.20%, 11/01/24 (Call 10/02/24)		544		575,916
2.85%, 11/09/22(d)		421		441,208
3.30%, 03/08/22 (Call 02/06/22)		356		368,570
3.50%, 01/23/24 (Call 12/23/23)		1,517		1,652,043
3.90%, 04/29/24 (Call 03/29/24)		346		381,513

Security	Par (000)		Value
Banks (continued)
Regions Financial Corp.
2.25%, 05/18/25 (Call 04/18/25)	$	209	$	221,344
2.75%, 08/14/22 (Call 07/14/22)		595		617,634
3.80%, 08/14/23 (Call 07/14/23)		210		228,383
Royal Bank of Canada
1.15%, 06/10/25		488		497,692
2.25%, 11/01/24		568		602,983
2.55%, 07/16/24		499		533,032
2.75%, 02/01/22		340		349,802
2.80%, 04/29/22		264		273,451
3.70%, 10/05/23		417		455,493
Santander Holdings USA Inc.
3.40%, 01/18/23 (Call 12/18/22)		1,324		1,389,975
3.45%, 06/02/25 (Call 05/02/25)		70		75,877
3.50%, 06/07/24 (Call 05/07/24)		401		432,579
3.70%, 03/28/22 (Call 02/28/22)		112		115,882
4.50%, 07/17/25 (Call 04/17/25)		25		27,950
Santander UK Group Holdings PLC
3.37%, 01/05/24 (Call 01/05/23)(c)		340		357,255
3.57%, 01/10/23 (Call 01/10/22)		675		695,804
4.80%, 11/15/24 (Call 11/15/23)(c)		505		560,096
Santander UK PLC, 4.00%, 03/13/24		40		44,137
Skandinaviska Enskilda Banken AB, 2.80%, 03/11/22		449		462,950
State Street Corp.
2.35%, 11/01/25 (Call 11/01/24)(c)		1,131		1,201,077
2.65%, 05/15/23 (Call 05/15/22)(c)		1,581		1,633,189
3.10%, 05/15/23		653		695,980
3.30%, 12/16/24		105		116,374
3.55%, 08/18/25		55		62,449
3.70%, 11/20/23		274		301,241
3.78%, 12/03/24 (Call 12/03/23)(c)		556		610,810
Sumitomo Mitsui Financial Group Inc.
1.47%, 07/08/25		300		307,317
2.35%, 01/15/25		1,510		1,598,697
2.45%, 09/27/24		720		763,704
2.70%, 07/16/24		450		480,614
2.78%, 07/12/22		755		784,098
2.78%, 10/18/22		688		718,740
3.10%, 01/17/23		851		898,801
3.75%, 07/19/23		460		498,102
3.94%, 10/16/23		126		138,002
SVB Financial Group, 3.50%, 01/29/25		15		16,331
Toronto-Dominion Bank (The)
0.45%, 09/11/23		221		221,031
1.15%, 06/12/25(a)		601		613,128
1.90%, 12/01/22		960		989,856
2.65%, 06/12/24		1,529		1,635,204
3.25%, 03/11/24		941		1,020,392
3.50%, 07/19/23		1,432		1,551,314
Truist Bank
2.64%, 09/17/29 (Call 09/17/24)(c)		121		126,608
3.63%, 09/16/25 (Call 08/16/25)		250		281,000
Truist Financial Corp.
2.20%, 03/16/23 (Call 02/13/23)		65		67,521
2.50%, 08/01/24 (Call 07/01/24)		251		267,446
2.85%, 10/26/24 (Call 09/26/24)		340		368,111
3.05%, 06/20/22 (Call 05/20/22)		70		72,771
3.75%, 12/06/23 (Call 11/06/23)		500		546,975
U.S. Bancorp.
1.45%, 05/12/25 (Call 04/11/25)		50		51,612

3

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.40%, 07/30/24 (Call 06/28/24)	$	34	$	36,171
3.38%, 02/05/24 (Call 01/05/24)		13		14,126
3.60%, 09/11/24 (Call 08/11/24)		36		39,785
Westpac Banking Corp.
2.35%, 02/19/25		678		725,223
2.50%, 06/28/22		544		562,828
2.75%, 01/11/23		960		1,008,624
2.89%, 02/04/30 (Call 02/04/25)(c)		501		521,015
3.30%, 02/26/24		632		686,403
3.65%, 05/15/23		609		657,361
				130,196,888
Beverages — 3.7%
Anheuser-Busch InBev Finance Inc.
2.63%, 01/17/23		180		188,690
3.30%, 02/01/23 (Call 12/16/20)		731		772,280
3.70%, 02/01/24		12		13,250
Anheuser-Busch InBev Worldwide Inc., 4.15%, 01/23/25 (Call 12/23/24)		200		227,146
Coca-Cola Co. (The)
1.75%, 09/06/24		301		315,078
3.20%, 11/01/23		493		534,895
Constellation Brands Inc.
2.65%, 11/07/22 (Call 10/07/22)		151		157,046
3.20%, 02/15/23 (Call 01/15/23)		90		95,012
4.25%, 05/01/23		40		43,482
Diageo Capital PLC
1.38%, 09/29/25 (Call 08/29/25)		500		513,365
2.13%, 10/24/24 (Call 09/24/24)		1,450		1,527,299
2.63%, 04/29/23 (Call 01/29/23)		1,389		1,455,839
3.50%, 09/18/23 (Call 08/18/23)		900		973,926
Diageo Investment Corp., 2.88%, 05/11/22		1,329		1,377,110
Keurig Dr Pepper Inc.
3.13%, 12/15/23 (Call 10/15/23)(a)		193		207,031
4.06%, 05/25/23 (Call 04/25/23)		632		685,802
4.42%, 05/25/25 (Call 03/25/25)		20		23,067
Molson Coors Beverage Co., 3.50%, 05/01/22(a)		140		146,083
PepsiCo Inc.
0.75%, 05/01/23		215		217,479
2.25%, 05/02/22 (Call 04/02/22)		662		679,662
2.25%, 03/19/25 (Call 02/19/25)		1,147		1,225,879
2.75%, 03/05/22		1,970		2,030,814
2.75%, 03/01/23		1,436		1,513,846
2.75%, 04/30/25 (Call 01/30/25)		500		545,005
3.10%, 07/17/22 (Call 05/17/22)		1,067		1,110,672
3.50%, 07/17/25 (Call 04/17/25)		686		770,913
3.60%, 03/01/24 (Call 12/01/23)		11		12,024
				17,362,695
Biotechnology — 1.6%
Amgen Inc.
1.90%, 02/21/25 (Call 01/21/25)		217		227,896
2.25%, 08/19/23 (Call 06/19/23)(a)		130		136,132
2.65%, 05/11/22 (Call 04/11/22)		494		509,141
2.70%, 05/01/22 (Call 03/01/22)		95		97,759
3.13%, 05/01/25 (Call 02/01/25)		252		275,995
3.63%, 05/15/22 (Call 02/15/22)		577		599,497
3.63%, 05/22/24 (Call 02/22/24)		1,192		1,304,835
3.88%, 11/15/21 (Call 12/16/20)		179		183,131
Biogen Inc., 4.05%, 09/15/25 (Call 06/15/25)		43		49,155

Security	Par (000)		Value
Biotechnology (continued)
Gilead Sciences Inc.
1.95%, 03/01/22 (Call 02/01/22)	$	277	$	282,044
2.50%, 09/01/23 (Call 07/01/23)		633		665,884
3.25%, 09/01/22 (Call 07/01/22)		605		632,394
3.50%, 02/01/25 (Call 11/01/24)		237		261,871
3.70%, 04/01/24 (Call 01/01/24)		2,004		2,188,108
4.40%, 12/01/21 (Call 09/01/21)		152		156,513
				7,570,355
Building Materials — 0.2%
Carrier Global Corp., 1.92%, 02/15/23 (Call 01/15/23)(b)		130		133,848
Fortune Brands Home & Security Inc., 4.00%, 09/21/23 (Call 08/21/23)		490		534,658
Johnson Controls International PLC, 3.63%, 07/02/24 (Call 04/02/24)(d)		18		19,563
Lennox International Inc., 3.00%, 11/15/23 (Call 09/15/23)		138		145,244
				833,313
Chemicals — 1.6%
Air Products and Chemicals Inc., 3.35%, 07/31/24 (Call 04/30/24)		39		42,585
Celanese U.S. Holdings LLC
3.50%, 05/08/24 (Call 04/08/24)		236		255,258
4.63%, 11/15/22		10		10,764
Dow Chemical Co. (The), 3.50%, 10/01/24 (Call 07/01/24)		154		168,354
DuPont de Nemours Inc.
2.17%, 05/01/23		41		41,674
4.21%, 11/15/23 (Call 10/15/23)		943		1,038,913
Eastman Chemical Co., 3.80%, 03/15/25 (Call 12/15/24)		33		36,429
Ecolab Inc.
2.38%, 08/10/22 (Call 07/10/22)		2,868		2,963,218
3.25%, 01/14/23 (Call 11/14/22)		739		779,490
EI du Pont de Nemours and Co., 1.70%, 07/15/25 (Call 06/15/25)		49		50,886
International Flavors & Fragrances Inc., 3.20%, 05/01/23 (Call 02/01/23)		306		318,662
Linde Inc./CT, 2.20%, 08/15/22 (Call 05/15/22)		80		82,250
LYB International Finance BV, 4.00%, 07/15/23		85		92,324
Mosaic Co. (The)
3.25%, 11/15/22 (Call 10/15/22)		461		481,745
4.25%, 11/15/23 (Call 08/15/23)		368		401,208
Nutrien Ltd., 1.90%, 05/13/23		55		56,759
PPG Industries Inc.
2.40%, 08/15/24 (Call 07/15/24)		570		604,439
3.20%, 03/15/23 (Call 02/15/23)		25		26,487
Sherwin-Williams Co. (The), 3.13%, 06/01/24 (Call 04/01/24)		158		171,293
				7,622,738
Commercial Services — 1.8%
Automatic Data Processing Inc., 3.38%, 09/15/25 (Call 06/15/25)		585		656,048
Equifax Inc., 3.95%, 06/15/23 (Call 05/15/23)		5		5,403
IHS Markit Ltd.
3.63%, 05/01/24 (Call 04/01/24)(a)		846		922,639
4.13%, 08/01/23 (Call 07/01/23)		976		1,062,971
Moody’s Corp.
2.63%, 01/15/23 (Call 12/15/22)(a)		268		279,733
4.50%, 09/01/22 (Call 06/01/22)		193		204,733
4.88%, 02/15/24 (Call 11/15/23)(a)		370		415,214
PayPal Holdings Inc.
1.65%, 06/01/25 (Call 05/01/25)		1,522		1,583,900
2.40%, 10/01/24 (Call 09/01/24)		813		865,601

4

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Commercial Services (continued)
RELX Capital Inc., 3.50%, 03/16/23 (Call 02/16/23)	$	2,103	$	2,240,452
Verisk Analytics Inc., 4.00%, 06/15/25 (Call 03/15/25)(a)		35		39,607
				8,276,301
Computers — 3.5%
Apple Inc.
1.13%, 05/11/25 (Call 04/11/25)		375		383,543
1.80%, 09/11/24 (Call 08/11/24)		233		243,956
2.85%, 05/11/24 (Call 03/11/24)		223		239,741
3.00%, 02/09/24 (Call 12/09/23)		480		516,355
3.45%, 05/06/24		261		287,030
Dell International LLC/EMC Corp.
4.00%, 07/15/24 (Call 06/15/24)(b)		244		268,337
5.45%, 06/15/23 (Call 04/15/23)(b)		1,077		1,189,363
5.85%, 07/15/25 (Call 06/15/25)(b)		147		174,943
DXC Technology Co.
4.13%, 04/15/25 (Call 03/15/25)		566		619,487
4.25%, 04/15/24 (Call 02/15/24)		229		247,734
Hewlett Packard Enterprise Co.
1.45%, 04/01/24 (Call 03/01/24)		73		74,537
2.25%, 04/01/23 (Call 03/01/23)		401		415,099
4.40%, 10/15/22 (Call 08/15/22)		1,508		1,606,849
4.45%, 10/02/23 (Call 09/02/23)		96		105,655
4.65%, 10/01/24 (Call 09/01/24)		123		139,430
4.90%, 10/15/25 (Call 07/15/25)		528		613,774
HP Inc.
2.20%, 06/17/25 (Call 05/17/25)		1,055		1,116,232
4.05%, 09/15/22		369		391,793
IBM Credit LLC
2.20%, 09/08/22(a)		320		330,851
3.00%, 02/06/23		240		253,598
International Business Machines Corp.
1.88%, 08/01/22		957		982,571
2.85%, 05/13/22		1,239		1,285,450
2.88%, 11/09/22		672		705,251
3.00%, 05/15/24		1,789		1,936,897
3.38%, 08/01/23		413		445,582
3.63%, 02/12/24		834		913,213
Leidos Inc., 3.63%, 05/15/25 (Call 04/15/25)(b)		35		38,983
NetApp Inc., 1.88%, 06/22/25 (Call 05/22/25)		5		5,209
Seagate HDD Cayman
4.75%, 06/01/23		684		741,415
4.88%, 03/01/24 (Call 01/01/24)		312		342,071
				16,614,949
Cosmetics & Personal Care — 1.4%
Colgate-Palmolive Co.
1.95%, 02/01/23		284		294,377
2.10%, 05/01/23		316		329,876
2.25%, 11/15/22(a)		241		250,197
2.30%, 05/03/22		184		189,273
2.45%, 11/15/21		143		145,926
3.25%, 03/15/24		1,123		1,225,799
Procter & Gamble Co. (The)
2.15%, 08/11/22		1,917		1,979,647
2.30%, 02/06/22		370		379,017
3.10%, 08/15/23		767		826,074
Unilever Capital Corp.
2.60%, 05/05/24 (Call 03/05/24)		320		340,989
3.00%, 03/07/22		345		357,027

Security	Par (000)		Value
Cosmetics & Personal Care (continued)
3.25%, 03/07/24 (Call 02/07/24)	$	130	$	141,027
				6,459,229
Distribution & Wholesale — 0.1%
WW Grainger Inc., 1.85%, 02/15/25 (Call 01/15/25)		415		436,605
Diversified Financial Services — 6.1%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
2.88%, 08/14/24 (Call 07/14/24)		250		254,602
3.50%, 01/15/25 (Call 11/15/24)		500		516,430
4.13%, 07/03/23 (Call 06/03/23)		500		528,080
Affiliated Managers Group Inc., 4.25%, 02/15/24		35		38,521
Air Lease Corp.
2.25%, 01/15/23		17		17,362
2.30%, 02/01/25 (Call 01/01/25)		515		523,178
2.75%, 01/15/23 (Call 12/15/22)		45		46,031
3.00%, 09/15/23 (Call 07/15/23)		205		212,667
3.25%, 03/01/25 (Call 01/01/25)		90		94,541
4.25%, 02/01/24 (Call 01/01/24)		499		535,577
Aircastle Ltd.
4.13%, 05/01/24 (Call 02/01/24)		222		228,953
4.40%, 09/25/23 (Call 08/25/23)		421		436,729
5.00%, 04/01/23		381		398,255
Ally Financial Inc.
3.88%, 05/21/24 (Call 04/21/24)		426		464,468
4.13%, 02/13/22		350		364,563
4.63%, 05/19/22		431		455,714
4.63%, 03/30/25(a)		148		168,325
5.13%, 09/30/24		778		891,681
American Express Co.
2.50%, 08/01/22 (Call 07/01/22)		1,510		1,561,325
2.50%, 07/30/24 (Call 06/30/24)		1,215		1,294,886
2.65%, 12/02/22		1,396		1,459,015
2.75%, 05/20/22 (Call 04/20/22)		612		632,233
3.00%, 10/30/24 (Call 09/29/24)		730		793,568
3.40%, 02/27/23 (Call 01/27/23)		646		687,215
3.40%, 02/22/24 (Call 01/22/24)		919		999,523
3.63%, 12/05/24 (Call 11/04/24)		35		38,844
3.70%, 08/03/23 (Call 07/03/23)		831		902,017
American Express Credit Corp., 2.70%, 03/03/22 (Call 01/31/22)		651		669,137
Ameriprise Financial Inc.
3.00%, 04/02/25 (Call 03/02/25)		239		260,756
3.70%, 10/15/24		125		139,195
BGC Partners Inc.
3.75%, 10/01/24 (Call 09/01/24)		124		127,367
5.38%, 07/24/23		198		212,195
Brookfield Finance Inc., 4.00%, 04/01/24 (Call 02/01/24)		664		729,092
Capital One Financial Corp.
3.20%, 02/05/25 (Call 01/05/25)		200		217,638
3.30%, 10/30/24 (Call 09/30/24)		648		705,918
Charles Schwab Corp. (The)
2.65%, 01/25/23 (Call 12/25/22)(a)		135		141,550
3.55%, 02/01/24 (Call 01/01/24)		30		32,717
3.85%, 05/21/25 (Call 03/21/25)		20		22,650
4.20%, 03/24/25 (Call 02/24/25)		319		365,628
CME Group Inc., 3.00%, 03/15/25 (Call 12/15/24)		110		120,855
Discover Financial Services
3.75%, 03/04/25 (Call 12/04/24)		295		324,872
3.85%, 11/21/22		105		111,869
3.95%, 11/06/24 (Call 08/06/24)		285		315,920

5

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
Franklin Resources Inc.
2.80%, 09/15/22	$	75	$	78,176
2.85%, 03/30/25		270		294,073
GE Capital Funding LLC, 3.45%, 05/15/25 (Call 04/15/25)(b)		465		505,385
Intercontinental Exchange Inc.
0.70%, 06/15/23(a)		40		40,264
4.00%, 10/15/23		7		7,696
International Lease Finance Corp., 5.88%, 08/15/22		705		759,243
Invesco Finance PLC
3.13%, 11/30/22		378		397,970
4.00%, 01/30/24		832		911,747
Jefferies Financial Group Inc., 5.50%, 10/18/23 (Call 01/18/23)		55		60,660
Mastercard Inc.
2.00%, 03/03/25 (Call 02/03/25)		29		30,817
3.38%, 04/01/24		1,001		1,099,258
Nasdaq Inc., 4.25%, 06/01/24 (Call 03/01/24)		25		27,785
ORIX Corp.
2.90%, 07/18/22		85		88,090
3.25%, 12/04/24		50		54,429
Synchrony Financial
2.85%, 07/25/22 (Call 06/25/22)		95		98,125
4.25%, 08/15/24 (Call 05/15/24)		395		434,152
4.38%, 03/19/24 (Call 02/19/24)		276		303,103
4.50%, 07/23/25 (Call 04/23/25)		20		22,494
Visa Inc.
2.15%, 09/15/22 (Call 08/15/22)		1,506		1,555,593
2.80%, 12/14/22 (Call 10/14/22)		11		11,536
Western Union Co. (The)
2.85%, 01/10/25 (Call 12/10/24)		1,407		1,504,153
3.60%, 03/15/22 (Call 02/15/22)		913		944,508
4.25%, 06/09/23 (Call 05/09/23)		381		411,971
				28,682,890
Electric — 5.9%
Avangrid Inc.
3.15%, 12/01/24 (Call 10/01/24)		1,972		2,148,829
3.20%, 04/15/25 (Call 03/15/25)		3,674		4,026,998
Baltimore Gas & Electric Co., 3.35%, 07/01/23 (Call 04/01/23)		28		29,849
CenterPoint Energy Inc.
2.50%, 09/01/22 (Call 08/01/22)		13		13,446
3.85%, 02/01/24 (Call 01/01/24)		182		199,567
Connecticut Light & Power Co. (The), 2.50%, 01/15/23 (Call 10/15/22)		218		226,696
Delmarva Power & Light Co., 3.50%, 11/15/23 (Call 08/15/23)(a)		169		183,406
Edison International
2.95%, 03/15/23 (Call 01/15/23)		518		535,679
3.13%, 11/15/22 (Call 10/15/22)		10		10,325
3.55%, 11/15/24 (Call 10/15/24)(a)		365		389,714
4.95%, 04/15/25 (Call 03/15/25)		288		322,710
Eversource Energy
2.80%, 05/01/23 (Call 02/01/23)		317		332,634
Series H, 3.15%, 01/15/25 (Call 10/15/24)		56		60,948
Series K, 2.75%, 03/15/22 (Call 02/15/22)		1,515		1,558,390
Series L, 2.90%, 10/01/24 (Call 08/01/24)		517		557,941
Series N, 3.80%, 12/01/23 (Call 11/01/23)		558		610,368
Exelon Corp.
3.50%, 06/01/22 (Call 05/01/22)		781		814,255
3.95%, 06/15/25 (Call 03/15/25)		785		889,146

Security	Par (000)		Value
Electric (continued)
Exelon Generation Co. LLC
3.25%, 06/01/25 (Call 05/01/25)	$	1,071	$	1,154,709
3.40%, 03/15/22 (Call 02/15/22)		718		741,866
4.25%, 06/15/22 (Call 03/15/22)		631		661,332
Florida Power & Light Co.
2.75%, 06/01/23 (Call 12/01/22)(a)		877		918,351
2.85%, 04/01/25 (Call 03/01/25)		1,868		2,037,353
3.25%, 06/01/24 (Call 12/01/23)		110		118,838
ITC Holdings Corp.
2.70%, 11/15/22 (Call 10/15/22)		274		285,116
3.65%, 06/15/24 (Call 03/15/24)		203		221,014
National Rural Utilities Cooperative Finance Corp.
2.70%, 02/15/23 (Call 12/15/22)		68		71,151
2.85%, 01/27/25 (Call 10/27/24)		50		54,203
4.75%, 04/30/43 (Call 04/30/23)(c)		195		204,352
NextEra Energy Capital Holdings Inc.
1.95%, 09/01/22		54		55,474
2.75%, 05/01/25 (Call 04/01/25)		840		910,081
2.80%, 01/15/23 (Call 12/15/22)		534		560,647
2.90%, 04/01/22		887		916,519
3.15%, 04/01/24 (Call 03/01/24)		1,605		1,731,651
3.20%, 02/25/22(a)		88		90,992
3.30%, 08/15/22		206		216,092
NSTAR Electric Co., 2.38%, 10/15/22 (Call 07/15/22)		343		353,949
Oncor Electric Delivery Co. LLC
2.75%, 06/01/24 (Call 05/01/24)		22		23,587
2.95%, 04/01/25 (Call 01/01/25)(a)		55		59,930
PECO Energy Co., 2.38%, 09/15/22 (Call 06/15/22)		40		41,260
Potomac Electric Power Co., 3.60%, 03/15/24 (Call 12/15/23)		85		92,438
Public Service Co. of New Hampshire, 3.50%, 11/01/23 (Call 08/01/23)		142		153,485
Public Service Electric & Gas Co., 3.25%, 09/01/23 (Call 08/01/23)(a)		80		86,043
Public Service Enterprise Group Inc.
0.80%, 08/15/25 (Call 07/15/25)		49		49,028
2.65%, 11/15/22 (Call 10/15/22)		135		140,688
2.88%, 06/15/24 (Call 05/15/24)		840		901,883
San Diego Gas & Electric Co., Series NNN, 3.60%, 09/01/23 (Call 06/01/23)		443		477,226
Sempra Energy
3.55%, 06/15/24 (Call 03/15/24)		878		956,862
4.05%, 12/01/23 (Call 09/01/23)		574		627,049
Southern California Edison Co.
Series D, 3.40%, 06/01/23 (Call 05/01/23)		15		16,006
Series E, 3.70%, 08/01/25 (Call 06/01/25)		90		100,925
				27,941,001
Electronics — 1.2%
Agilent Technologies Inc.
3.20%, 10/01/22 (Call 07/01/22)		501		522,884
3.88%, 07/15/23 (Call 04/15/23)		438		472,598
Allegion U.S. Holding Co. Inc., 3.20%, 10/01/24 (Call 08/01/24)		24		25,612
Arrow Electronics Inc.
3.25%, 09/08/24 (Call 07/08/24)		138		148,863
4.00%, 04/01/25 (Call 01/01/25)		20		21,962
Avnet Inc., 4.88%, 12/01/22		182		195,484
Flex Ltd., 5.00%, 02/15/23		355		385,981
Honeywell International Inc.
0.48%, 08/19/22 (Call 08/19/21)		500		500,665
1.35%, 06/01/25 (Call 05/01/25)		1,367		1,410,402

6

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electronics (continued)
2.30%, 08/15/24 (Call 07/15/24)(a)	$	613	$	654,420
3.35%, 12/01/23		110		119,833
Keysight Technologies Inc., 4.55%, 10/30/24 (Call 07/30/24)		56		63,470
Roper Technologies Inc.
2.35%, 09/15/24 (Call 08/15/24)		311		329,287
3.65%, 09/15/23 (Call 08/15/23)		147		159,444
Trimble Inc.
4.15%, 06/15/23 (Call 05/15/23)		420		454,936
4.75%, 12/01/24 (Call 09/01/24)(a)		73		83,776
Tyco Electronics Group SA
3.45%, 08/01/24 (Call 05/01/24)		40		43,228
3.50%, 02/03/22 (Call 11/03/21)		215		221,061
				5,813,906
Food — 1.8%
Campbell Soup Co.
2.50%, 08/02/22		627		647,904
3.65%, 03/15/23 (Call 02/15/23)		797		851,730
Conagra Brands Inc., 4.30%, 05/01/24 (Call 04/01/24)		495		552,281
General Mills Inc.
2.60%, 10/12/22 (Call 09/12/22)		1,017		1,057,314
3.65%, 02/15/24 (Call 11/15/23)(a)		143		156,037
3.70%, 10/17/23 (Call 09/17/23)		959		1,045,272
Hershey Co. (The), 0.90%, 06/01/25 (Call 05/01/25)		80		81,029
JM Smucker Co. (The), 3.50%, 03/15/25		50		55,662
Kellogg Co.
2.65%, 12/01/23		826		876,056
3.13%, 05/17/22		445		462,311
Kroger Co. (The)
2.80%, 08/01/22 (Call 07/01/22)		49		50,856
4.00%, 02/01/24 (Call 11/01/23)		314		345,340
McCormick & Co. Inc./MD, 3.15%, 08/15/24 (Call 06/15/24)		535		580,149
Mondelez International Inc.
0.63%, 07/01/22		140		140,571
1.50%, 05/04/25 (Call 04/04/25)		1,222		1,264,281
2.13%, 04/13/23 (Call 03/13/23)		42		43,597
4.00%, 02/01/24 (Call 11/01/23)		75		82,145
Sysco Corp.
2.60%, 06/12/22		65		67,214
5.65%, 04/01/25 (Call 03/01/25)		95		113,292
Tyson Foods Inc., 3.90%, 09/28/23 (Call 08/28/23)		35		38,203
				8,511,244
Forest Products & Paper — 0.1%
Celulosa Arauco y Constitucion SA, 4.50%, 08/01/24 (Call 05/01/24)		250		273,803
Domtar Corp., 4.40%, 04/01/22 (Call 01/01/22)		46		47,423
				321,226
Gas — 0.1%
CenterPoint Energy Resources Corp., 3.55%, 04/01/23 (Call 03/01/23)		55		58,795
National Fuel Gas Co.
3.75%, 03/01/23 (Call 12/01/22)		114		119,568
5.20%, 07/15/25 (Call 04/15/25)		105		116,133
ONE Gas Inc., 3.61%, 02/01/24 (Call 11/01/23)		98		106,237
Southern California Gas Co., 3.15%, 09/15/24 (Call 06/15/24)		245		265,318
				666,051
Hand & Machine Tools — 0.1%
Stanley Black & Decker Inc., 4.00%, 03/15/60 (Call 03/15/25)(a)(c)		538		571,641

Security	Par (000)		Value
Health Care - Products — 0.4%
Abbott Laboratories
2.95%, 03/15/25 (Call 12/15/24)	$	50	$	54,855
3.40%, 11/30/23 (Call 09/30/23)		7		7,595
Boston Scientific Corp.
1.90%, 06/01/25 (Call 05/01/25)		31		32,402
3.45%, 03/01/24 (Call 02/01/24)		60		65,091
3.85%, 05/15/25		75		84,865
DH Europe Finance II Sarl, 2.20%, 11/15/24 (Call 10/15/24)		45		47,730
Medtronic Inc., 3.50%, 03/15/25		758		850,355
Thermo Fisher Scientific Inc.
3.00%, 04/15/23 (Call 02/15/23)		5		5,281
4.13%, 03/25/25 (Call 02/25/25)		382		434,464
4.15%, 02/01/24 (Call 11/01/23)		7		7,735
Zimmer Biomet Holdings Inc., 3.55%, 04/01/25 (Call 01/01/25)		130		143,176
				1,733,549
Health Care - Services — 1.3%
Aetna Inc.
2.75%, 11/15/22 (Call 08/15/22)		50		51,934
2.80%, 06/15/23 (Call 04/15/23)		542		570,135
3.50%, 11/15/24 (Call 08/15/24)		276		303,553
Anthem Inc.
2.38%, 01/15/25 (Call 12/15/24)		477		507,728
3.13%, 05/15/22		59		61,341
3.30%, 01/15/23		10		10,594
3.35%, 12/01/24 (Call 10/01/24)		200		220,042
3.50%, 08/15/24 (Call 05/15/24)(a)		65		71,302
HCA Inc.
4.75%, 05/01/23		1,015		1,108,471
5.00%, 03/15/24		1,083		1,217,801
5.25%, 04/15/25		30		35,003
Humana Inc.
3.15%, 12/01/22 (Call 09/01/22)		19		19,886
3.85%, 10/01/24 (Call 07/01/24)		327		361,884
4.50%, 04/01/25 (Call 03/01/25)		240		275,971
Laboratory Corp. of America Holdings
2.30%, 12/01/24 (Call 11/01/24)		35		37,138
3.25%, 09/01/24 (Call 07/01/24)		315		342,660
3.60%, 02/01/25 (Call 11/01/24)		55		60,824
4.00%, 11/01/23 (Call 08/01/23)		65		70,747
Quest Diagnostics Inc.
3.50%, 03/30/25 (Call 12/30/24)		55		61,177
4.25%, 04/01/24 (Call 01/01/24)		353		389,942
UnitedHealth Group Inc.
2.38%, 10/15/22		20		20,764
2.38%, 08/15/24		11		11,715
2.75%, 02/15/23 (Call 11/15/22)		15		15,706
3.35%, 07/15/22		190		199,373
3.50%, 02/15/24		45		49,294
3.75%, 07/15/25		94		107,068
				6,182,053
Home Builders — 0.0%
DR Horton Inc., 2.50%, 10/15/24 (Call 09/15/24)(a)		5		5,308
Household Products & Wares — 0.2%
Clorox Co. (The)
3.05%, 09/15/22 (Call 06/15/22)		534		555,686
3.50%, 12/15/24 (Call 09/15/24)		43		47,575

7

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Household Products & Wares (continued)
Kimberly-Clark Corp.
2.40%, 03/01/22	$	151	$	155,101
2.40%, 06/01/23		92		96,713
				855,075
Insurance — 1.3%
Aflac Inc.
3.25%, 03/17/25		38		42,032
3.63%, 11/15/24		10		11,189
Allstate Corp. (The), Series B, 5.75%, 08/15/53 (Call 08/15/23)(c)		455		487,619
American International Group Inc., 3.75%, 07/10/25 (Call 04/10/25)		5		5,615
Aon Corp., 2.20%, 11/15/22		15		15,518
Aon PLC
3.50%, 06/14/24 (Call 03/14/24)		10		10,927
4.00%, 11/27/23 (Call 08/27/23)		35		38,249
Assured Guaranty U.S. Holdings Inc., 5.00%, 07/01/24		5		5,674
Berkshire Hathaway Inc., 2.75%, 03/15/23 (Call 01/15/23)		10		10,511
Equitable Holdings Inc., 3.90%, 04/20/23 (Call 03/20/23)		632		681,283
Marsh & McLennan Companies Inc.
3.30%, 03/14/23 (Call 01/14/23)		196		207,750
3.50%, 06/03/24 (Call 03/03/24)		606		662,916
3.50%, 03/10/25 (Call 12/10/24)		26		28,903
3.88%, 03/15/24 (Call 02/15/24)		942		1,041,325
MetLife Inc.
3.00%, 03/01/25		70		77,024
3.05%, 12/15/22		52		54,755
Prudential Financial Inc.
3.50%, 05/15/24		321		353,469
5.20%, 03/15/44 (Call 03/15/24)(c)		192		204,267
5.63%, 06/15/43 (Call 06/15/23)(c)		342		368,208
5.88%, 09/15/42 (Call 09/15/22)(c)		397		424,607
Sompo International Holdings Ltd., 4.70%, 10/15/22		395		424,135
Voya Financial Inc.
3.13%, 07/15/24 (Call 05/15/24)		49		52,950
5.65%, 05/15/53 (Call 05/15/23)(a)(c)		73		77,295
Willis North America Inc., 3.60%, 05/15/24 (Call 03/15/24)		270		295,107
XLIT Ltd., 4.45%, 03/31/25		535		608,605
				6,189,933
Internet — 0.8%
Alphabet Inc.
0.45%, 08/15/25 (Call 07/15/25)		9		8,984
3.38%, 02/25/24		801		877,560
Amazon.com Inc.
0.80%, 06/03/25 (Call 05/03/25)		335		339,626
2.40%, 02/22/23 (Call 01/22/23)		335		350,048
2.50%, 11/29/22 (Call 08/29/22)		13		13,511
2.80%, 08/22/24 (Call 06/22/24)		176		190,673
3.80%, 12/05/24 (Call 09/05/24)		10		11,238
Booking Holdings Inc.
2.75%, 03/15/23 (Call 02/15/23)		247		259,120
4.10%, 04/13/25 (Call 03/13/25)		321		362,711
E*TRADE Financial Corp., 2.95%, 08/24/22 (Call 07/24/22)		118		122,844
eBay Inc.
1.90%, 03/11/25 (Call 02/11/25)		502		524,730
2.60%, 07/15/22 (Call 04/15/22)		112		115,385
3.45%, 08/01/24 (Call 05/01/24)(a)		195		212,821
Expedia Group Inc., 4.50%, 08/15/24 (Call 05/15/24)		82		88,576

Security	Par (000)		Value
Internet (continued)
TD Ameritrade Holding Corp., 3.63%, 04/01/25 (Call 01/01/25)	$	131	$	146,423
				3,624,250
Iron & Steel — 0.1%
Nucor Corp.
4.00%, 08/01/23 (Call 05/01/23)		8		8,656
4.13%, 09/15/22 (Call 06/15/22)		39		41,213
Reliance Steel & Aluminum Co.
1.30%, 08/15/25 (Call 07/15/25)		116		117,376
4.50%, 04/15/23 (Call 01/15/23)		249		268,990
Steel Dynamics Inc.
2.40%, 06/15/25 (Call 05/15/25)		39		41,374
2.80%, 12/15/24 (Call 11/15/24)		95		101,500
				579,109
Leisure Time — 0.0%
Harley-Davidson Inc., 3.50%, 07/28/25 (Call 04/28/25)(a)		20		21,760
Lodging — 1.2%
Las Vegas Sands Corp.
2.90%, 06/25/25 (Call 05/25/25)		95		97,727
3.20%, 08/08/24 (Call 07/08/24)		361		377,422
Marriott International Inc./MD
3.60%, 04/15/24 (Call 03/15/24)		105		111,001
3.75%, 03/15/25 (Call 12/15/24)		122		129,957
Series EE, 5.75%, 05/01/25 (Call 04/01/25)		350		405,688
Sands China Ltd.
4.60%, 08/08/23 (Call 07/08/23)		3,338		3,562,013
5.13%, 08/08/25 (Call 06/08/25)		1,040		1,143,511
				5,827,319
Machinery — 1.5%
ABB Finance USA Inc., 2.88%, 05/08/22		63		65,220
Caterpillar Financial Services Corp.
2.15%, 11/08/24		119		126,160
2.40%, 06/06/22		410		422,903
2.55%, 11/29/22		486		507,194
2.63%, 03/01/23		335		351,666
2.85%, 06/01/22		304		315,485
2.85%, 05/17/24		219		236,400
3.30%, 06/09/24		324		354,550
3.65%, 12/07/23		104		114,096
3.75%, 11/24/23		203		222,730
Caterpillar Inc., 3.40%, 05/15/24 (Call 02/15/24)		252		274,982
CNH Industrial Capital LLC
1.95%, 07/02/23		155		158,635
4.20%, 01/15/24		741		807,734
4.38%, 04/05/22		1,060		1,110,498
CNH Industrial NV, 4.50%, 08/15/23		748		814,849
Deere & Co., 2.75%, 04/15/25 (Call 03/15/25)		35		38,091
Flowserve Corp.
3.50%, 09/15/22 (Call 06/15/22)		260		269,269
4.00%, 11/15/23 (Call 08/15/23)		84		88,147
John Deere Capital Corp.
2.60%, 03/07/24		102		109,031
2.65%, 06/24/24		272		292,044
3.35%, 06/12/24		69		75,674
3.45%, 01/10/24		119		129,658
3.65%, 10/12/23		198		216,656
Otis Worldwide Corp., 2.06%, 04/05/25 (Call 03/05/25)		9		9,463
				7,111,135

8

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Manufacturing — 2.9%
3M Co.
1.75%, 02/14/23 (Call 01/14/23)	$	500	$	515,665
2.00%, 06/26/22		646		663,326
2.00%, 02/14/25 (Call 01/14/25)		1,351		1,427,467
2.25%, 03/15/23 (Call 02/15/23)(a)		1,213		1,264,916
2.65%, 04/15/25 (Call 03/15/25)(a)		131		141,988
3.00%, 08/07/25(a)		25		27,758
3.25%, 02/14/24 (Call 01/14/24)		2,627		2,852,948
Carlisle Companies Inc.
3.50%, 12/01/24 (Call 10/01/24)		33		36,150
3.75%, 11/15/22 (Call 08/15/22)		143		149,953
Eaton Corp., 2.75%, 11/02/22		11		11,503
General Electric Co.
2.70%, 10/09/22		21		21,821
3.10%, 01/09/23		55		57,812
3.15%, 09/07/22		35		36,592
Parker-Hannifin Corp.
2.70%, 06/14/24 (Call 05/14/24)		505		541,451
3.30%, 11/21/24 (Call 08/21/24)		103		112,720
Trane Technologies Global Holding Co. Ltd., 4.25%, 06/15/23		3,829		4,187,969
Trane Technologies Luxembourg Finance SA, 3.55%, 11/01/24 (Call 08/01/24)		1,345		1,482,862
				13,532,901
Media — 0.5%
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.50%, 02/01/24 (Call 01/01/24)		295		327,801
Comcast Corp.
3.00%, 02/01/24 (Call 01/01/24)		13		13,983
3.10%, 04/01/25 (Call 03/01/25)		84		92,407
3.38%, 02/15/25 (Call 11/15/24)		33		36,437
3.38%, 08/15/25 (Call 05/15/25)		94		104,812
3.60%, 03/01/24		60		65,957
3.70%, 04/15/24 (Call 03/15/24)		180		198,203
Discovery Communications LLC
2.95%, 03/20/23 (Call 02/20/23)		386		406,991
3.45%, 03/15/25 (Call 12/15/24)		10		10,960
3.80%, 03/13/24 (Call 01/13/24)		13		14,156
3.90%, 11/15/24 (Call 08/15/24)		127		140,400
3.95%, 06/15/25 (Call 03/15/25)		30		33,689
Fox Corp., 3.05%, 04/07/25 (Call 03/07/25)		145		158,610
Thomson Reuters Corp., 4.30%, 11/23/23 (Call 08/23/23)		105		115,244
TWDC Enterprises 18 Corp., 3.15%, 09/17/25		10		11,093
ViacomCBS Inc.
3.50%, 01/15/25 (Call 10/15/24)		10		10,939
4.75%, 05/15/25 (Call 04/15/25)		140		162,260
Walt Disney Co. (The)
1.65%, 09/01/22		55		56,250
1.75%, 08/30/24 (Call 07/30/24)		39		40,396
3.00%, 09/15/22		70		73,251
3.35%, 03/24/25		301		333,189
3.70%, 09/15/24 (Call 06/15/24)		11		12,129
				2,419,157
Metal Fabricate & Hardware — 0.0%
Precision Castparts Corp.
2.50%, 01/15/23 (Call 10/15/22)		45		46,827
3.25%, 06/15/25 (Call 03/15/25)		61		67,486
				114,313

Security	Par (000)		Value
Mining — 0.1%
Kinross Gold Corp., 5.95%, 03/15/24 (Call 12/15/23)	$	267	$	304,537
Newmont Corp.
3.50%, 03/15/22 (Call 12/15/21)		20		20,572
3.70%, 03/15/23 (Call 12/15/22)		27		28,485
Rio Tinto Finance USA Ltd., 3.75%, 06/15/25 (Call 03/15/25)		154		173,332
				526,926
Oil & Gas — 3.0%
BP Capital Markets America Inc.
2.52%, 09/19/22 (Call 08/19/22)		43		44,559
2.75%, 05/10/23		166		175,286
3.19%, 04/06/25 (Call 03/06/25)		92		101,133
3.22%, 11/28/23 (Call 09/28/23)		69		74,132
3.22%, 04/14/24 (Call 02/14/24)		311		335,401
3.25%, 05/06/22		161		167,598
3.79%, 02/06/24 (Call 01/06/24)		59		64,393
3.80%, 09/21/25 (Call 07/21/25)		72		81,534
BP Capital Markets PLC
2.75%, 05/10/23(a)		76		79,825
3.06%, 03/17/22		44		45,540
3.25%, 05/06/22		64		66,584
3.51%, 03/17/25		204		227,391
3.81%, 02/10/24		168		184,398
3.99%, 09/26/23		56		61,464
Chevron Corp.
1.14%, 05/11/23		229		233,495
1.55%, 05/11/25 (Call 04/11/25)		703		730,283
2.36%, 12/05/22 (Call 09/05/22)		90		93,327
2.57%, 05/16/23 (Call 03/16/23)		18		18,916
2.90%, 03/03/24 (Call 01/03/24)		441		472,999
Chevron USA Inc., 0.69%, 08/12/25 (Call 07/12/25)		30		30,037
Cimarex Energy Co., 4.38%, 06/01/24 (Call 03/01/24)		239		257,843
ConocoPhillips Co.
2.40%, 12/15/22 (Call 09/15/22)		489		505,738
3.35%, 11/15/24 (Call 08/15/24)		191		208,881
Diamondback Energy Inc.
2.88%, 12/01/24 (Call 11/01/24)		170		176,822
4.75%, 05/31/25 (Call 04/30/25)(a)		30		33,465
EOG Resources Inc., 2.63%, 03/15/23 (Call 12/15/22)		21		21,928
Exxon Mobil Corp.
1.57%, 04/15/23		9		9,256
1.90%, 08/16/22		56		57,609
2.02%, 08/16/24 (Call 07/16/24)		280		294,090
2.71%, 03/06/25 (Call 12/06/24)		184		198,554
2.73%, 03/01/23 (Call 01/01/23)		92		96,501
2.99%, 03/19/25 (Call 02/19/25)		657		717,864
3.18%, 03/15/24 (Call 12/15/23)		45		48,558
Hess Corp., 3.50%, 07/15/24 (Call 04/15/24)		620		644,744
Marathon Oil Corp.
2.80%, 11/01/22 (Call 08/01/22)		330		339,735
3.85%, 06/01/25 (Call 03/01/25)		778		826,796
Marathon Petroleum Corp.
3.63%, 09/15/24 (Call 06/15/24)		182		195,923
4.50%, 05/01/23 (Call 04/01/23)		51		55,125
4.70%, 05/01/25 (Call 04/01/25)		130		147,538
4.75%, 12/15/23 (Call 10/15/23)		289		319,076
Noble Energy Inc., 3.90%, 11/15/24 (Call 08/15/24)		342		380,612
Phillips 66
3.85%, 04/09/25 (Call 03/09/25)(a)		139		155,459
4.30%, 04/01/22		459		482,101
Total Capital Canada Ltd., 2.75%, 07/15/23		271		287,653

9

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Oil & Gas (continued)
Total Capital International SA
2.43%, 01/10/25 (Call 10/10/24)(a)	$	579	$	616,415
2.70%, 01/25/23		804		844,642
2.88%, 02/17/22		857		883,361
3.70%, 01/15/24		675		740,569
3.75%, 04/10/24		639		707,169
Valero Energy Corp.
2.85%, 04/15/25 (Call 03/15/25)(a)		330		346,774
3.65%, 03/15/25		75		81,374
				13,970,470
Oil & Gas Services — 0.9%
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor Inc., 2.77%, 12/15/22 (Call 11/15/22)		3,413		3,564,127
Halliburton Co., 3.50%, 08/01/23 (Call 05/01/23)		560		595,101
TechnipFMC PLC, 3.45%, 10/01/22 (Call 07/01/22)(a)		62		63,740
				4,222,968
Packaging & Containers — 0.0%
WRKCo Inc.
3.00%, 09/15/24 (Call 07/15/24)		65		69,741
3.75%, 03/15/25 (Call 01/15/25)		45		50,205
				119,946
Pharmaceuticals — 3.9%
AbbVie Inc.
2.15%, 11/19/21		263		267,431
2.60%, 11/21/24 (Call 10/21/24)		1,549		1,657,430
2.85%, 05/14/23 (Call 03/14/23)		83		87,341
2.90%, 11/06/22		174		182,049
3.20%, 11/06/22 (Call 09/06/22)		228		238,819
3.60%, 05/14/25 (Call 02/14/25)		102		113,499
3.75%, 11/14/23 (Call 10/14/23)		149		162,888
AmerisourceBergen Corp., 3.40%, 05/15/24 (Call 02/15/24)		147		159,338
AstraZeneca PLC
2.38%, 06/12/22 (Call 05/12/22)		622		639,777
3.50%, 08/17/23 (Call 07/17/23)		1,480		1,597,823
Becton Dickinson and Co.
2.89%, 06/06/22 (Call 05/06/22)		496		512,532
3.36%, 06/06/24 (Call 04/06/24)		290		313,609
3.73%, 12/15/24 (Call 09/15/24)		65		71,752
Bristol-Myers Squibb Co.
2.00%, 08/01/22		55		56,522
2.75%, 02/15/23 (Call 01/15/23)		45		47,226
2.90%, 07/26/24 (Call 06/26/24)		37		39,992
3.25%, 08/15/22		215		225,520
3.25%, 11/01/23		100		108,327
3.55%, 08/15/22		27		28,461
3.63%, 05/15/24 (Call 02/15/24)		103		113,026
3.88%, 08/15/25 (Call 05/15/25)		29		33,036
Cardinal Health Inc.
2.62%, 06/15/22 (Call 05/15/22)		1,942		2,001,037
3.08%, 06/15/24 (Call 04/15/24)		629		675,961
3.20%, 03/15/23(a)		728		771,622
3.50%, 11/15/24 (Call 08/15/24)		345		378,737
3.75%, 09/15/25 (Call 06/15/25)		50		56,468
Cigna Corp.
3.00%, 07/15/23 (Call 05/16/23)		132		139,953
3.50%, 06/15/24 (Call 03/17/24)		40		43,660
3.75%, 07/15/23 (Call 06/15/23)		349		377,744
CVS Health Corp.
2.63%, 08/15/24 (Call 07/15/24)		434		464,402

Security	Par (000)		Value
Pharmaceuticals (continued)
2.75%, 12/01/22 (Call 09/01/22)	$	38	$	39,542
3.38%, 08/12/24 (Call 05/12/24)		308		336,231
3.50%, 07/20/22 (Call 05/20/22)		248		259,200
3.70%, 03/09/23 (Call 02/09/23)		532		568,937
3.88%, 07/20/25 (Call 04/20/25)		146		164,936
4.00%, 12/05/23 (Call 09/05/23)		169		185,036
4.10%, 03/25/25 (Call 01/25/25)		133		150,794
4.75%, 12/01/22 (Call 09/01/22)		334		358,328
Eli Lilly & Co., 2.35%, 05/15/22		80		82,462
GlaxoSmithKline Capital Inc.
2.80%, 03/18/23		24		25,341
3.38%, 05/15/23		218		233,990
3.63%, 05/15/25		53		59,829
GlaxoSmithKline Capital PLC
2.85%, 05/08/22		225		233,183
2.88%, 06/01/22 (Call 05/01/22)		205		212,439
3.00%, 06/01/24 (Call 05/01/24)		620		670,648
McKesson Corp., 3.80%, 03/15/24 (Call 12/15/23)		25		27,390
Merck & Co. Inc.
2.40%, 09/15/22 (Call 06/15/22)		11		11,364
2.75%, 02/10/25 (Call 11/10/24)		34		36,841
2.80%, 05/18/23		50		53,076
2.90%, 03/07/24 (Call 02/07/24)(a)		321		345,364
Novartis Capital Corp., 1.75%, 02/14/25 (Call 01/14/25)		60		62,908
Perrigo Finance Unlimited Co., 3.90%, 12/15/24 (Call 09/15/24)		255		277,708
Shire Acquisitions Investments Ireland DAC, 2.88%, 09/23/23 (Call 07/23/23)		721		764,743
Zoetis Inc., 3.25%, 02/01/23 (Call 11/01/22)		1,614		1,701,011
				18,427,283
Pipelines — 2.4%
Boardwalk Pipelines LP
3.38%, 02/01/23 (Call 11/01/22)		86		88,494
4.95%, 12/15/24 (Call 09/15/24)		50		55,077
Cheniere Corpus Christi Holdings LLC
5.88%, 03/31/25 (Call 10/02/24)		529		606,483
7.00%, 06/30/24 (Call 01/01/24)		510		588,698
Columbia Pipeline Group Inc., 4.50%, 06/01/25 (Call 03/01/25)		50		57,567
Enable Midstream Partners LP, 3.90%, 05/15/24 (Call 02/15/24)		88		88,153
Enbridge Inc.
2.50%, 01/15/25 (Call 12/15/24)		539		568,888
2.90%, 07/15/22 (Call 06/15/22)		127		131,606
3.50%, 06/10/24 (Call 03/10/24)		45		48,663
Kinder Morgan Energy Partners LP
3.45%, 02/15/23 (Call 11/15/22)		633		667,169
3.50%, 09/01/23 (Call 06/01/23)		162		173,301
4.15%, 02/01/24 (Call 11/01/23)		26		28,416
4.25%, 09/01/24 (Call 06/01/24)		115		127,837
4.30%, 05/01/24 (Call 02/01/24)		69		76,171
Kinder Morgan Inc.
3.15%, 01/15/23 (Call 12/15/22)		30		31,534
4.30%, 06/01/25 (Call 03/01/25)		19		21,607
MPLX LP
4.00%, 02/15/25 (Call 11/15/24)		10		11,007
4.88%, 12/01/24 (Call 09/01/24)		290		328,877
5.25%, 01/15/25 (Call 01/15/21)		35		35,980
ONEOK Inc.
2.20%, 09/15/25 (Call 08/15/25)(a)		570		574,269

10

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Pipelines (continued)
2.75%, 09/01/24 (Call 08/01/24)	$	663	$	691,105
4.25%, 02/01/22 (Call 11/01/21)		124		127,951
7.50%, 09/01/23 (Call 06/01/23)		565		648,846
ONEOK Partners LP
3.38%, 10/01/22 (Call 07/01/22)		1,484		1,546,091
4.90%, 03/15/25 (Call 12/15/24)		10		11,109
5.00%, 09/15/23 (Call 06/15/23)		254		276,748
Phillips 66 Partners LP, 2.45%, 12/15/24 (Call 11/15/24)		50		51,673
Plains All American Pipeline LP/PAA Finance Corp., 3.60%, 11/01/24 (Call 08/01/24)		205		213,544
Sabine Pass Liquefaction LLC
5.63%, 03/01/25 (Call 12/01/24)		514		594,436
5.75%, 05/15/24 (Call 02/15/24)		265		301,528
Spectra Energy Partners LP
3.50%, 03/15/25 (Call 12/15/24)		253		277,101
4.75%, 03/15/24 (Call 12/15/23)		140		156,185
TC PipeLines LP, 4.38%, 03/13/25 (Call 12/13/24)		225		248,839
TransCanada PipeLines Ltd.
2.50%, 08/01/22		646		667,899
3.75%, 10/16/23 (Call 07/16/23)		233		252,285
Williams Companies Inc. (The)
3.70%, 01/15/23 (Call 10/15/22)		120		126,812
3.90%, 01/15/25 (Call 10/15/24)		157		172,579
4.30%, 03/04/24 (Call 12/04/23)		167		183,597
4.50%, 11/15/23 (Call 08/15/23)		52		57,348
4.55%, 06/24/24 (Call 03/24/24)		276		309,642
				11,225,115
Real Estate — 0.0%
CBRE Services Inc., 5.25%, 03/15/25 (Call 12/15/24)		142		164,481
Real Estate Investment Trusts — 3.2%
Alexandria Real Estate Equities Inc.
3.45%, 04/30/25 (Call 02/28/25)		130		143,900
4.00%, 01/15/24 (Call 12/15/23)		337		371,253
American Campus Communities Operating Partnership LP, 4.13%, 07/01/24 (Call 04/01/24)		106		115,363
American Tower Corp.
2.40%, 03/15/25 (Call 02/15/25)		112		118,955
3.00%, 06/15/23		681		723,460
3.38%, 05/15/24 (Call 04/15/24)		588		639,438
3.50%, 01/31/23		815		866,753
5.00%, 02/15/24		1,005		1,139,891
AvalonBay Communities Inc.
2.95%, 09/15/22 (Call 06/15/22)		67		69,576
4.20%, 12/15/23 (Call 09/16/23)		11		12,100
Boston Properties LP
3.13%, 09/01/23 (Call 06/01/23)		116		123,189
3.20%, 01/15/25 (Call 10/15/24)		284		308,239
3.80%, 02/01/24 (Call 11/01/23)		403		438,512
3.85%, 02/01/23 (Call 11/01/22)		385		409,940
Brandywine Operating Partnership LP
3.95%, 02/15/23 (Call 11/15/22)(a)		41		42,591
4.10%, 10/01/24 (Call 07/01/24)		133		139,921
Brixmor Operating Partnership LP, 3.85%, 02/01/25 (Call 11/01/24)		410		444,969
Camden Property Trust, 2.95%, 12/15/22 (Call 09/15/22)(a)		30		31,235
Columbia Property Trust Operating Partnership LP, 4.15%, 04/01/25 (Call 01/01/25)		370		388,963

Security	Par (000)		Value
Real Estate Investment Trusts (continued)
Corporate Office Properties LP
3.60%, 05/15/23 (Call 02/15/23)	$	210	$	221,542
5.00%, 07/01/25 (Call 04/01/25)		10		11,332
Crown Castle International Corp.
3.20%, 09/01/24 (Call 07/01/24)		233		252,490
5.25%, 01/15/23		308		338,015
CyrusOne LP/CyrusOne Finance Corp., 2.90%, 11/15/24 (Call 10/15/24)		301		320,327
Duke Realty LP, 3.75%, 12/01/24 (Call 09/01/24)		35		38,621
Equinix Inc.
1.00%, 09/15/25 (Call 08/15/25)		25		25,039
1.25%, 07/15/25 (Call 06/15/25)		188		190,634
2.63%, 11/18/24 (Call 10/18/24)		608		648,092
ERP Operating LP, 3.00%, 04/15/23 (Call 01/15/23)		10		10,551
Essex Portfolio LP, 3.50%, 04/01/25 (Call 01/01/25)		5		5,531
GLP Capital LP/GLP Financing II Inc., 3.35%, 09/01/24 (Call 08/01/24)		45		46,193
Healthpeak Properties Inc.
3.40%, 02/01/25 (Call 11/01/24)		299		327,922
3.88%, 08/15/24 (Call 05/17/24)		484		536,054
4.00%, 06/01/25 (Call 03/01/25)		100		113,128
4.20%, 03/01/24 (Call 12/01/23)		344		377,863
4.25%, 11/15/23 (Call 08/15/23)		118		129,214
Host Hotels & Resorts LP
3.88%, 04/01/24 (Call 02/01/24)		427		445,066
Series D, 3.75%, 10/15/23 (Call 07/15/23)		274		286,500
Kilroy Realty LP, 3.45%, 12/15/24 (Call 09/15/24)		270		291,138
Kimco Realty Corp.
2.70%, 03/01/24 (Call 01/01/24)		45		47,191
3.30%, 02/01/25 (Call 12/01/24)		383		419,251
Office Properties Income Trust
4.25%, 05/15/24 (Call 02/15/24)		91		94,248
4.50%, 02/01/25 (Call 11/01/24)		470		487,705
Omega Healthcare Investors Inc.
4.50%, 01/15/25 (Call 10/15/24)		5		5,401
4.95%, 04/01/24 (Call 01/01/24)		5		5,412
Realty Income Corp., 3.88%, 04/15/25 (Call 02/15/25)		15		16,952
Sabra Health Care LP, 4.80%, 06/01/24 (Call 05/01/24)		140		149,061
Simon Property Group LP
2.00%, 09/13/24 (Call 06/13/24)(a)		350		363,853
3.38%, 10/01/24 (Call 07/01/24)		85		91,933
SITE Centers Corp., 3.63%, 02/01/25 (Call 11/01/24)		305		315,312
Ventas Realty LP
2.65%, 01/15/25 (Call 12/15/24)(a)		420		448,295
3.10%, 01/15/23 (Call 12/15/22)		47		49,076
3.50%, 04/15/24 (Call 03/15/24)(a)		143		155,511
3.50%, 02/01/25 (Call 11/01/24)		60		65,906
3.75%, 05/01/24 (Call 02/01/24)		111		120,128
Vornado Realty LP, 3.50%, 01/15/25 (Call 11/15/24)		15		15,726
Welltower Inc.
3.63%, 03/15/24 (Call 02/15/24)		538		585,877
4.00%, 06/01/25 (Call 03/01/25)		191		215,618
4.50%, 01/15/24 (Call 10/15/23)		73		80,266
Weyerhaeuser Co., 4.63%, 09/15/23		116		129,093
WP Carey Inc.
4.00%, 02/01/25 (Call 11/01/24)		5		5,507
4.60%, 04/01/24 (Call 01/01/24)		48		53,270
				15,064,092
Retail — 2.2%
AutoNation Inc., 3.50%, 11/15/24 (Call 09/15/24)		164		176,180

11

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Retail (continued)
Dollar Tree Inc.
3.70%, 05/15/23 (Call 04/15/23)	$	222	$	238,015
4.00%, 05/15/25 (Call 03/15/25)		86		97,056
Home Depot Inc. (The)
2.63%, 06/01/22 (Call 05/01/22)		1,217		1,257,733
2.70%, 04/01/23 (Call 01/01/23)		440		461,758
3.25%, 03/01/22		311		322,715
3.35%, 09/15/25 (Call 06/15/25)		250		281,788
3.75%, 02/15/24 (Call 11/15/23)		850		932,714
Lowe’s Companies Inc.
3.12%, 04/15/22 (Call 01/15/22)		15		15,481
3.13%, 09/15/24 (Call 06/15/24)(a)		644		698,611
4.00%, 04/15/25 (Call 03/15/25)		748		850,790
McDonald’s Corp.
1.45%, 09/01/25 (Call 08/01/25)		8		8,299
3.25%, 06/10/24		65		70,903
3.30%, 07/01/25 (Call 06/01/25)		113		125,650
3.35%, 04/01/23 (Call 03/01/23)		42		44,753
Ross Stores Inc., 4.60%, 04/15/25 (Call 03/15/25)		195		225,221
Starbucks Corp.
1.30%, 05/07/22		65		65,841
3.80%, 08/15/25 (Call 06/15/25)		63		71,428
Target Corp.
2.25%, 04/15/25 (Call 03/15/25)		2,781		2,970,664
3.50%, 07/01/24		628		696,904
TJX Companies Inc. (The), 3.50%, 04/15/25 (Call 03/15/25)		408		453,753
Walgreens Boots Alliance Inc., 3.80%, 11/18/24 (Call 08/18/24)		85		94,315
				10,160,572
Savings & Loans — 0.1%
People’s United Financial Inc., 3.65%, 12/06/22 (Call 09/06/22)		400		420,732
Semiconductors — 1.7%
Altera Corp., 4.10%, 11/15/23		94		103,911
Analog Devices Inc.
2.95%, 04/01/25 (Call 03/01/25)		11		12,017
3.13%, 12/05/23 (Call 10/05/23)		182		195,630
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.63%, 01/15/24 (Call 11/15/23)		175		188,874
Intel Corp.
2.35%, 05/11/22 (Call 04/11/22)		697		716,432
2.70%, 12/15/22		998		1,046,852
2.88%, 05/11/24 (Call 03/11/24)		656		706,761
3.10%, 07/29/22		636		665,835
3.40%, 03/25/25 (Call 02/25/25)		170		189,433
KLA Corp., 4.65%, 11/01/24 (Call 08/01/24)		101		114,958
Marvell Technology Group Ltd., 4.20%, 06/22/23 (Call 05/22/23)		379		409,562
Micron Technology Inc.
2.50%, 04/24/23		25		26,085
4.64%, 02/06/24 (Call 01/06/24)		520		578,802
NXP BV/NXP Funding LLC, 4.88%, 03/01/24 (Call 02/01/24)(b)		246		277,326
QUALCOMM Inc.
2.90%, 05/20/24 (Call 03/20/24)(a)		5		5,384
3.45%, 05/20/25 (Call 02/20/25)		140		156,110
Texas Instruments Inc.
1.38%, 03/12/25 (Call 02/12/25)		859		887,811
1.85%, 05/15/22 (Call 04/15/22)		339		346,360

Security	Par (000)		Value
Semiconductors (continued)
2.25%, 05/01/23 (Call 02/01/23)	$	15	$	15,613
2.63%, 05/15/24 (Call 03/15/24)		772		825,399
Xilinx Inc., 2.95%, 06/01/24 (Call 04/01/24)		258		277,928
				7,747,083
Software — 3.7%
Adobe Inc., 3.25%, 02/01/25 (Call 11/01/24)		108		119,330
Autodesk Inc., 3.60%, 12/15/22 (Call 09/15/22)		91		95,781
Cadence Design Systems Inc., 4.38%, 10/15/24 (Call 07/15/24)		20		22,459
Fiserv Inc., 2.75%, 07/01/24 (Call 06/01/24)		554		593,051
Intuit Inc.
0.65%, 07/15/23		85		85,541
0.95%, 07/15/25 (Call 06/15/25)		166		167,912
Microsoft Corp.
2.00%, 08/08/23 (Call 06/08/23)		670		699,460
2.38%, 02/12/22 (Call 01/12/22)		1,260		1,289,547
2.38%, 05/01/23 (Call 02/01/23)(a)		616		644,194
2.40%, 02/06/22 (Call 01/06/22)		1,792		1,835,062
2.65%, 11/03/22 (Call 09/03/22)		470		489,933
2.70%, 02/12/25 (Call 11/12/24)		2,310		2,507,805
2.88%, 02/06/24 (Call 12/06/23)		864		927,469
3.13%, 11/03/25 (Call 08/03/25)		500		558,470
3.63%, 12/15/23 (Call 09/15/23)		880		961,875
Oracle Corp.
2.40%, 09/15/23 (Call 07/15/23)		69		72,608
2.50%, 10/15/22		186		193,619
2.50%, 04/01/25 (Call 03/01/25)		252		270,555
2.63%, 02/15/23 (Call 01/15/23)		49		51,316
2.95%, 11/15/24 (Call 09/15/24)		371		402,605
2.95%, 05/15/25 (Call 02/15/25)		50		54,563
3.40%, 07/08/24 (Call 04/08/24)		39		42,593
salesforce.com Inc., 3.25%, 04/11/23 (Call 03/11/23)		3,184		3,398,665
VMware Inc.
2.95%, 08/21/22 (Call 07/21/22)		1,493		1,554,512
4.50%, 05/15/25 (Call 04/15/25)		375		426,398
				17,465,323
Telecommunications — 2.0%
AT&T Inc.
3.40%, 05/15/25 (Call 02/15/25)		66		73,520
3.60%, 07/15/25 (Call 04/15/25)		31		34,786
3.95%, 01/15/25 (Call 10/15/24)		30		33,759
4.45%, 04/01/24 (Call 01/01/24)		95		106,290
British Telecommunications PLC, 4.50%, 12/04/23 (Call 11/04/23)		147		162,704
Cisco Systems Inc.
2.20%, 09/20/23 (Call 07/20/23)		555		582,195
3.50%, 06/15/25		1,469		1,659,412
3.63%, 03/04/24		231		254,955
Juniper Networks Inc., 4.50%, 03/15/24		167		186,128
Motorola Solutions Inc., 4.00%, 09/01/24		407		454,741
Rogers Communications Inc.
3.00%, 03/15/23 (Call 12/15/22)		289		303,967
4.10%, 10/01/23 (Call 07/01/23)		543		593,711
T-Mobile USA Inc., 3.50%, 04/15/25 (Call 03/15/25)(b)		454		501,797
Verizon Communications Inc.
3.38%, 02/15/25		136		151,164
5.15%, 09/15/23		33		37,273
Vodafone Group PLC
2.50%, 09/26/22		1,493		1,548,286

12

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF) (Percentages shown are based on Net Assets)

Security	Par (000)		Value
Telecommunications (continued)
2.95%, 02/19/23	$	1,039	$	1,094,701
3.75%, 01/16/24		1,410		1,542,709
4.13%, 05/30/25		88		100,684
				9,422,782
Toys, Games & Hobbies — 0.2%
Hasbro Inc.
2.60%, 11/19/22		75		77,530
3.00%, 11/19/24 (Call 10/19/24)		892		960,309
				1,037,839
Transportation — 2.6%
Burlington Northern Santa Fe LLC
3.00%, 03/15/23 (Call 12/15/22)		39		41,050
3.00%, 04/01/25 (Call 01/01/25)		822		902,745
3.40%, 09/01/24 (Call 06/01/24)		36		39,478
3.85%, 09/01/23 (Call 06/01/23)		5		5,434
Canadian National Railway Co., 2.95%, 11/21/24 (Call 08/21/24)		91		97,935
CSX Corp.
3.40%, 08/01/24 (Call 05/01/24)		268		293,484
3.70%, 11/01/23 (Call 08/01/23)		300		326,133
FedEx Corp.
2.63%, 08/01/22		5		5,182
3.20%, 02/01/25		203		223,280
3.80%, 05/15/25 (Call 04/15/25)		191		215,971
4.00%, 01/15/24		11		12,169
Kansas City Southern, 3.00%, 05/15/23 (Call 02/15/23)		167		172,738
Norfolk Southern Corp.
2.90%, 02/15/23 (Call 11/15/22)		273		286,448
3.00%, 04/01/22 (Call 01/01/22)		351		361,288
3.25%, 12/01/21 (Call 09/01/21)		137		140,103
3.85%, 01/15/24 (Call 10/15/23)		227		247,861
Ryder System Inc.
2.50%, 09/01/22 (Call 08/01/22)		817		843,602
2.50%, 09/01/24 (Call 08/01/24)		1,056		1,119,497
2.80%, 03/01/22 (Call 02/01/22)		519		533,034
2.88%, 06/01/22 (Call 05/01/22)(a)		210		217,043
3.35%, 09/01/25 (Call 08/01/25)		510		563,851
3.40%, 03/01/23 (Call 02/01/23)		244		258,660
3.65%, 03/18/24 (Call 02/18/24)(a)		870		950,379
3.75%, 06/09/23 (Call 05/09/23)(a)		1,126		1,212,173
3.88%, 12/01/23 (Call 11/01/23)		608		662,811
4.63%, 06/01/25 (Call 05/01/25)		119		137,002
Union Pacific Corp.
3.50%, 06/08/23 (Call 05/08/23)		18		19,333
3.65%, 02/15/24 (Call 11/15/23)		100		108,833
3.75%, 07/15/25 (Call 05/15/25)		30		33,988
4.16%, 07/15/22 (Call 04/15/22)		148		155,695

Security	Par Shares (000)		Value
Transportation (continued)
United Parcel Service Inc.
2.20%, 09/01/24 (Call 08/01/24)	$	150	$	159,045
2.35%, 05/16/22 (Call 04/16/22)		1,278		1,314,193
2.45%, 10/01/22		105		109,099
2.50%, 04/01/23 (Call 03/01/23)		40		41,956
2.80%, 11/15/24 (Call 09/15/24)		43		46,682
3.90%, 04/01/25 (Call 03/01/25)		453		512,407
				12,370,582
Trucking & Leasing — 0.0%
GATX Corp., 3.25%, 03/30/25 (Call 12/30/24)		18		19,528
Water — 0.0%
American Water Capital Corp., 3.40%, 03/01/25 (Call 12/01/24)		164		181,351
Total Corporate Bonds & Notes — 97.8% (Cost: $450,702,369)				460,938,597
Short-Term Investments
Money Market Funds — 2.6%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.19%(e)(f)(g)		10,425		10,431,564
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.04%(e)(f)		1,886		1,886,000
				12,317,564
Total Short-Term Investments — 2.6% (Cost: $12,311,614)				12,317,564
Total Investments in Securities — 100.4% (Cost: $463,013,983)				473,256,161
Other Assets, Less Liabilities — (0.4)%				(1,764,667	)
Net Assets — 100.0%			$	471,491,494

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

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

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

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

^(e)  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.

13

Schedule of Investments (unaudited) (continued) November 30, 2020 iShares^® ESG Aware 1-5 Year USD Corporate Bond ETF (Formerly iShares^® ESG 1-5 Year USD Corporate Bond ETF)

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/29/20		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)		Value at 11/30/20		Shares Held at 11/30/20 (000)		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	9,635,799	$	800,500	(a)	$	—		$	(8,203	)	$	3,468	$	10,431,564		10,425	$	42,406	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		8,684,000		—			(6,798,000	)(a)		—			—		1,886,000		1,886		11,739			—
									$	(8,203	)	$	3,468	$	12,317,564			$	54,145		$	—

^(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 November 30, 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	$	—	$	460,938,597	$	—	$	460,938,597
Money Market Funds		12,317,564		—		—		12,317,564
	$	12,317,564	$	460,938,597	$	—	$	473,256,161

14