Schedule of Investments (unaudited)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Advertising — 0.1%
Interpublic Group of Companies Inc. (The)
2.40%, 03/01/31 (Call 12/01/30)	$	165	$	162,434
4.65%, 10/01/28 (Call 07/01/28)		170		197,793
4.75%, 03/30/30 (Call 12/30/29)		85		99,279
Omnicom Group Inc.
2.60%, 08/01/31 (Call 05/01/31)		155		155,073
4.20%, 06/01/30 (Call 03/01/30)		240		272,707
Omnicom Group Inc./Omnicom Capital Inc.
3.60%, 04/15/26 (Call 01/15/26)		393		435,346
3.65%, 11/01/24 (Call 08/01/24)		65		70,949
WPP Finance 2010, 3.75%, 09/19/24		255		278,945
				1,672,526
Aerospace & Defense — 0.6%
Boeing Co. (The)
1.43%, 02/04/24 (Call 02/04/22)		250		250,797
1.88%, 06/15/23 (Call 04/15/23)		19		19,416
2.20%, 02/04/26 (Call 02/04/23)		275		276,147
2.25%, 06/15/26 (Call 03/15/26)		210		213,522
2.60%, 10/30/25 (Call 07/30/25)		70		73,002
2.70%, 02/01/27 (Call 12/01/26)		240		248,021
2.80%, 03/01/23 (Call 02/01/23)		145		150,423
2.80%, 03/01/27 (Call 12/01/26)		190		197,393
2.85%, 10/30/24 (Call 07/30/24)		88		92,638
2.95%, 02/01/30 (Call 11/01/29)		50		50,495
3.10%, 05/01/26 (Call 03/01/26)		200		212,292
3.20%, 03/01/29 (Call 12/01/28)		88		91,537
3.25%, 03/01/28 (Call 12/01/27)		215		225,326
3.63%, 02/01/31 (Call 11/01/30)		200		212,564
4.88%, 05/01/25 (Call 04/01/25)		761		855,075
5.04%, 05/01/27 (Call 03/01/27)		515		593,898
5.15%, 05/01/30 (Call 02/01/30)		848		995,620
General Dynamics Corp.
1.15%, 06/01/26 (Call 05/01/26)(a)		135		135,913
1.88%, 08/15/23 (Call 06/15/23)		96		99,097
2.13%, 08/15/26 (Call 05/15/26)		145		151,957
2.25%, 11/15/22 (Call 08/15/22)		231		236,606
2.25%, 06/01/31 (Call 03/01/31)		45		45,433
2.38%, 11/15/24 (Call 09/15/24)		60		63,532
2.63%, 11/15/27 (Call 08/15/27)		151		162,005
3.38%, 05/15/23 (Call 04/15/23)		210		222,285
3.50%, 05/15/25 (Call 03/15/25)		360		396,198
3.50%, 04/01/27 (Call 02/01/27)		215		239,863
3.63%, 04/01/30 (Call 01/01/30)		247		276,665
3.75%, 05/15/28 (Call 02/15/28)		260		294,250
L3Harris Technologies Inc.
1.80%, 01/15/31 (Call 10/15/30)		270		258,079
3.83%, 04/27/25 (Call 01/27/25)		265		291,783
3.85%, 12/15/26 (Call 09/15/26)		250		280,557
4.40%, 06/15/28 (Call 03/15/28)		295		338,976
Lockheed Martin Corp.
2.90%, 03/01/25 (Call 12/01/24)		593		638,898
3.10%, 01/15/23 (Call 11/15/22)		182		189,491
3.55%, 01/15/26 (Call 10/15/25)		493		548,033
Northrop Grumman Corp.
2.93%, 01/15/25 (Call 11/15/24)		672		719,262
3.20%, 02/01/27 (Call 11/01/26)		279		304,501
3.25%, 08/01/23		200		212,414
3.25%, 01/15/28 (Call 10/15/27)		560		607,253

Security	Par (000)		Value
Aerospace & Defense (continued)
4.40%, 05/01/30 (Call 02/01/30)	$	130	$	151,733
Raytheon Technologies Corp.
2.25%, 07/01/30 (Call 04/01/30)		210		209,931
2.50%, 12/15/22 (Call 09/15/22)		107		110,053
3.13%, 05/04/27 (Call 02/04/27)		404		440,263
3.20%, 03/15/24 (Call 01/15/24)		235		251,189
3.50%, 03/15/27 (Call 12/15/26)		345		381,677
3.70%, 12/15/23 (Call 09/15/23)		227		243,669
3.95%, 08/16/25 (Call 06/16/25)		552		616,153
4.13%, 11/16/28 (Call 08/16/28)		615		702,035
7.50%, 09/15/29		84		116,354
				14,694,274
Agriculture — 0.4%
Altria Group Inc.
2.35%, 05/06/25 (Call 04/06/25)		175		183,437
2.45%, 02/04/32 (Call 11/04/31)		430		407,816
2.63%, 09/16/26 (Call 06/16/26)		373		392,277
3.40%, 05/06/30 (Call 02/06/30)		155		162,184
Archer-Daniels-Midland Co.
2.50%, 08/11/26 (Call 05/11/26)		418		446,416
3.25%, 03/27/30 (Call 12/27/29)		95		103,929
BAT Capital Corp.
2.26%, 03/25/28 (Call 01/25/28)		405		399,192
2.73%, 03/25/31 (Call 12/25/30)		200		193,044
2.79%, 09/06/24 (Call 08/06/24)		100		105,390
3.22%, 08/15/24 (Call 06/15/24)		430		457,743
3.22%, 09/06/26 (Call 07/06/26)		286		303,629
3.46%, 09/06/29 (Call 06/06/29)		235		244,868
3.56%, 08/15/27 (Call 05/15/27)		614		653,603
BAT International Finance PLC, 1.67%, 03/25/26 (Call 02/25/26)		460		459,172
Bunge Ltd. Finance Corp.
1.63%, 08/17/25 (Call 07/17/25)		65		65,956
2.75%, 05/14/31 (Call 02/14/31)		200		200,264
3.00%, 09/25/22 (Call 08/25/22)		15		15,458
3.25%, 08/15/26 (Call 05/15/26)		165		178,484
3.75%, 09/25/27 (Call 06/25/27)		137		151,315
4.35%, 03/15/24 (Call 02/15/24)		180		197,044
Philip Morris International Inc.
1.13%, 05/01/23		20		20,332
1.50%, 05/01/25 (Call 04/01/25)		21		21,506
2.13%, 05/10/23 (Call 03/10/23)		225		232,389
2.38%, 08/17/22 (Call 07/17/22)		235		240,682
2.50%, 08/22/22		237		243,641
2.50%, 11/02/22 (Call 10/02/22)		120		123,641
2.63%, 03/06/23		230		239,639
2.75%, 02/25/26 (Call 11/25/25)		190		204,408
2.88%, 05/01/24 (Call 04/01/24)		185		197,251
3.13%, 08/17/27 (Call 05/17/27)		150		164,241
3.25%, 11/10/24		308		334,851
3.38%, 08/11/25 (Call 05/11/25)		195		213,277
3.38%, 08/15/29 (Call 05/15/29)		36		39,280
3.60%, 11/15/23		210		227,149
Reynolds American Inc.
4.45%, 06/12/25 (Call 03/12/25)		504		560,478
4.85%, 09/15/23		240		262,642
				8,646,628

1 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Airlines — 0.1%
American Airlines Pass Through Trust
Series 2016-3, Class AA, 3.00%, 04/15/30	$	40	$	40,038
Series 2017-2, Class AA, 3.35%, 04/15/31		180		182,029
Continental Airlines 2012-2 Class A Pass Through Trust, Series 2012-2, Class A, 4.00%, 04/29/26		47		49,549
Southwest Airlines Co.
2.63%, 02/10/30 (Call 11/10/29)		205		207,450
4.75%, 05/04/23		720		776,124
5.13%, 06/15/27 (Call 04/15/27)		510		597,143
United Airlines Pass Through Trust
Series 2013-1, Class A, 4.30%, 02/15/27		108		113,356
Series 2014-2, Class A, 3.75%, 03/03/28		228		240,075
Series 2020-1, Class A, 5.88%, 04/15/29		700		773,060
				2,978,824
Apparel — 0.1%
NIKE Inc.
2.38%, 11/01/26 (Call 08/01/26)		215		229,134
2.75%, 03/27/27 (Call 01/27/27)		298		322,370
2.85%, 03/27/30 (Call 12/27/29)		449		481,319
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25)		75		84,094
Ralph Lauren Corp., 3.75%, 09/15/25 (Call 07/15/25)		95		105,273
Tapestry Inc.
3.00%, 07/15/22 (Call 06/15/22)		135		137,730
4.13%, 07/15/27 (Call 04/15/27)		95		104,039
VF Corp.
2.80%, 04/23/27 (Call 02/23/27)		90		96,213
2.95%, 04/23/30 (Call 01/23/30)		50		52,376
				1,612,548
Auto Manufacturers — 0.7%
American Honda Finance Corp.
0.55%, 07/12/24		200		200,244
0.88%, 07/07/23		310		313,395
1.95%, 05/10/23		321		331,243
2.00%, 03/24/28		75		76,420
2.20%, 06/27/22		98		100,047
2.30%, 09/09/26		150		158,633
2.35%, 01/08/27		180		190,249
2.40%, 06/27/24		86		90,895
2.60%, 11/16/22		30		31,022
2.90%, 02/16/24		142		151,101
3.45%, 07/14/23		215		229,074
3.50%, 02/15/28		162		180,142
3.55%, 01/12/24		260		280,935
3.63%, 10/10/23		20		21,529
Cummins Inc., 3.65%, 10/01/23 (Call 07/01/23)		45		48,150
General Motors Co.
4.20%, 10/01/27 (Call 07/01/27)		175		195,748
5.00%, 10/01/28 (Call 07/01/28)		272		316,956
5.40%, 10/02/23		79		87,362
6.13%, 10/01/25 (Call 09/01/25)		234		278,338
General Motors Financial Co. Inc.
2.40%, 04/10/28 (Call 02/10/28)		180		182,389
2.75%, 06/20/25 (Call 05/20/25)		395		417,562
2.90%, 02/26/25 (Call 01/26/25)		388		410,977
3.15%, 06/30/22 (Call 05/30/22)		135		138,525
3.25%, 01/05/23 (Call 12/05/22)		225		234,101
3.50%, 11/07/24 (Call 09/07/24)		325		350,860
3.55%, 07/08/22		349		360,835
3.60%, 06/21/30 (Call 03/21/30)		216		231,772

Security	Par (000)		Value
Auto Manufacturers (continued)
3.70%, 05/09/23 (Call 03/09/23)	$	485	$	510,812
3.85%, 01/05/28 (Call 10/05/27)		105		114,756
3.95%, 04/13/24 (Call 02/13/24)		257		278,264
4.00%, 01/15/25 (Call 10/15/24)		456		498,194
4.00%, 10/06/26 (Call 07/06/26)		335		371,197
4.15%, 06/19/23 (Call 05/19/23)		157		167,494
4.25%, 05/15/23		121		129,258
4.35%, 04/09/25 (Call 02/09/25)		195		216,875
4.35%, 01/17/27 (Call 10/17/26)		442		497,789
5.10%, 01/17/24 (Call 12/17/23)		449		497,056
5.20%, 03/20/23		500		540,545
5.25%, 03/01/26 (Call 12/01/25)		342		396,241
PACCAR Financial Corp.
0.35%, 02/02/24		60		59,944
1.90%, 02/07/23		105		107,892
2.00%, 09/26/22		105		107,424
2.30%, 08/10/22		145		148,628
3.40%, 08/09/23		60		63,989
Stellantis NV, 5.25%, 04/15/23		1,000		1,082,630
Toyota Motor Corp.
1.34%, 03/25/26 (Call 02/25/26)		300		304,287
2.36%, 07/02/24		200		211,134
2.36%, 03/25/31 (Call 12/25/30)		300		306,726
2.76%, 07/02/29		65		69,101
3.42%, 07/20/23		240		255,739
Toyota Motor Credit Corp.
0.45%, 01/11/24		25		25,045
1.65%, 01/10/31		100		96,121
1.90%, 04/06/28		300		304,458
2.00%, 10/07/24		237		248,153
2.15%, 09/08/22		272		278,713
2.15%, 02/13/30		20		20,211
2.63%, 01/10/23		381		395,710
2.90%, 04/17/24		275		294,104
3.00%, 04/01/25		267		289,214
3.05%, 01/11/28		155		168,638
3.20%, 01/11/27		250		275,760
3.35%, 01/08/24		240		258,420
3.38%, 04/01/30		305		337,254
3.40%, 04/14/25		160		175,746
3.45%, 09/20/23		332		355,582
				16,067,608
Auto Parts & Equipment — 0.1%
Aptiv Corp., 4.15%, 03/15/24 (Call 12/15/23)		269		293,229
Aptiv PLC
4.25%, 01/15/26 (Call 10/15/25)		175		198,056
4.35%, 03/15/29 (Call 12/15/28)		50		57,030
BorgWarner Inc.
2.65%, 07/01/27 (Call 05/01/27)		93		98,025
3.38%, 03/15/25 (Call 12/15/24)(a)		220		239,316
Lear Corp.
3.80%, 09/15/27 (Call 06/15/27)		30		33,090
4.25%, 05/15/29 (Call 02/15/29)		160		179,106
Magna International Inc.
3.63%, 06/15/24 (Call 03/15/24)		40		43,343
4.15%, 10/01/25 (Call 07/01/25)		278		313,025
				1,454,220

2 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks — 9.2%
Australia & New Zealand Banking Group Ltd./New York NY, 2.05%, 11/21/22	$	510	$	523,632
Banco Bilbao Vizcaya Argentaria SA, 1.13%, 09/18/25		415		412,996
Banco Santander SA
1.85%, 03/25/26		200		203,222
2.71%, 06/27/24		400		423,836
2.75%, 05/28/25		210		222,564
2.75%, 12/03/30		275		269,305
2.96%, 03/25/31		200		203,828
3.13%, 02/23/23		200		208,898
3.31%, 06/27/29		200		214,528
3.49%, 05/28/30		200		213,822
3.85%, 04/12/23		400		424,620
4.25%, 04/11/27		200		225,364
4.38%, 04/12/28		250		282,783
5.18%, 11/19/25		410		470,229
Bank of America Corp.
0.81%, 10/24/24 (Call 10/24/23), (SOFR + 0.740%)(b)		500		502,615
1.20%, 10/24/26 (Call 10/24/25)(b)		760		759,088
1.73%, 07/22/27 (Call 07/22/26)(b)		200		202,732
1.90%, 07/23/31 (Call 07/23/30)(b)		500		478,380
1.92%, 10/24/31 (Call 10/24/30)(b)		400		383,044
2.46%, 10/22/25 (Call 10/22/24)(b)		358		377,321
2.50%, 10/21/22 (Call 10/21/21)		680		685,882
2.50%, 02/13/31 (Call 02/13/30)(b)		500		504,325
2.69%, 04/22/32 (Call 04/22/31)(b)		550		559,031
2.82%, 07/21/23 (Call 07/21/22),(3 mo. LIBOR US + 0.930%)(b)		590		606,337
2.88%, 10/22/30 (Call 10/22/29)(b)		323		336,401
3.00%, 12/20/23 (Call 12/20/22), (3 mo. LIBOR US + 0.790%)(b)		778		809,688
3.09%, 10/01/25 (Call 10/01/24)(b)		270		289,545
3.19%, 07/23/30 (Call 07/23/29)(b)		630		671,542
3.25%, 10/21/27 (Call 10/21/26)		541		588,759
3.30%, 01/11/23		358		375,291
3.37%, 01/23/26 (Call 01/23/25)(b)		350		380,184
3.42%, 12/20/28 (Call 12/20/27)(b)		1,028		1,124,262
3.46%, 03/15/25 (Call 03/15/24)(b)		404		434,518
3.50%, 04/19/26		724		802,395
3.55%, 03/05/24 (Call 03/05/23)(b)		337		355,471
3.56%, 04/23/27 (Call 04/23/26), (3 mo. LIBOR US + 1.060%)(b)		413		454,469
3.59%, 07/21/28 (Call 07/21/27)(b)		615		678,111
3.71%, 04/24/28 (Call 04/24/27)(b)		500		554,320
3.82%, 01/20/28 (Call 01/20/27)(b)		320		357,530
3.86%, 07/23/24 (Call 07/23/23)(b)		492		526,533
3.88%, 08/01/25		385		431,219
3.97%, 03/05/29 (Call 03/05/28)(b)		466		522,283
3.97%, 02/07/30 (Call 02/07/29)(b)		652		732,659
4.00%, 04/01/24		560		615,070
4.00%, 01/22/25		706		779,191
4.10%, 07/24/23		412		445,121
4.13%, 01/22/24		615		673,739
4.20%, 08/26/24		731		808,515
4.25%, 10/22/26		445		505,734
4.27%, 07/23/29 (Call 07/23/28)(b)		520		594,058
4.45%, 03/03/26		477		544,057
Series L, 3.95%, 04/21/25		580		640,685
Series L, 4.18%, 11/25/27 (Call 11/25/26)		287		323,245
Series N, 1.66%, 03/11/27 (Call 03/11/26)(b)		600		609,012

Security	Par (000)		Value
Banks (continued)
Series N, 2.65%, 03/11/32 (Call 03/11/31),  (SOFR + 1.220%)(b)	$	800	$	809,352
Bank of Montreal
0.45%, 12/08/23		425		425,480
2.35%, 09/11/22		595		611,339
2.50%, 06/28/24		206		218,238
2.55%, 11/06/22 (Call 10/06/22)		185		190,750
3.80%, 12/15/32 (Call 12/15/27)(b)		165		182,206
4.34%, 10/05/28 (Call 10/05/23)(b)		265		285,699
Bank of New York Mellon Corp. (The)
0.35%, 12/07/23 (Call 11/07/23)		10		10,008
1.60%, 04/24/25 (Call 03/24/25)		30		30,925
1.65%, 07/14/28 (Call 05/14/28)		325		325,384
1.65%, 01/28/31 (Call 10/28/30)		50		48,588
1.85%, 01/27/23 (Call 01/02/23)		90		92,390
2.10%, 10/24/24		355		373,630
2.45%, 08/17/26 (Call 05/17/26)		283		300,917
2.80%, 05/04/26 (Call 02/04/26)		252		272,475
2.95%, 01/29/23 (Call 12/29/22)		400		417,144
3.00%, 10/30/28 (Call 07/30/28)		20		21,524
3.25%, 09/11/24 (Call 08/11/24)		240		261,031
3.25%, 05/16/27 (Call 02/16/27)		245		270,242
3.30%, 08/23/29 (Call 05/23/29)		109		119,284
3.40%, 05/15/24 (Call 04/15/24)		200		216,700
3.40%, 01/29/28 (Call 10/29/27)		315		348,642
3.44%, 02/07/28 (Call 02/07/27)(b)		66		73,069
3.45%, 08/11/23		224		239,559
3.50%, 04/28/23		155		164,965
3.95%, 11/18/25 (Call 10/18/25)		155		174,801
Series 0012, 3.65%, 02/04/24 (Call 01/05/24)		395		427,947
Series G, 3.00%, 02/24/25 (Call 01/24/25)		225		243,707
Bank of Nova Scotia (The)
2.38%, 01/18/23		127		131,407
2.45%, 09/19/22		238		244,942
2.70%, 08/03/26		540		579,361
4.50%, 12/16/25		519		591,733
BankUnited Inc., 4.88%, 11/17/25 (Call 08/17/25)		45		51,332
Barclays PLC
3.65%, 03/16/25		210		228,467
3.93%, 05/07/25 (Call 05/07/24)(b)		375		406,639
4.34%, 05/16/24 (Call 05/16/23)(b)		500		534,995
4.34%, 01/10/28 (Call 01/10/27)		300		336,504
4.38%, 09/11/24		315		344,582
4.38%, 01/12/26		700		787,920
4.84%, 05/09/28 (Call 05/07/27)		265		298,024
4.97%, 05/16/29 (Call 05/16/28)(b)		400		464,960
5.09%, 06/20/30 (Call 06/20/29)(b)		315		362,212
5.20%, 05/12/26		770		880,518
BBVA USA, 3.88%, 04/10/25 (Call 03/10/25)		250		275,083
BNP Paribas SA
3.25%, 03/03/23		414		436,021
4.25%, 10/15/24		285		317,470
BPCE SA
3.38%, 12/02/26		250		275,233
4.00%, 04/15/24		265		290,408
Canadian Imperial Bank of Commerce
0.50%, 12/14/23		400		399,788
0.95%, 06/23/23		20		20,216
2.25%, 01/28/25		11		11,543
2.55%, 06/16/22		370		379,035

3 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.61%, 07/22/23 (Call 07/22/22)(b)	$	212	$	217,389
3.10%, 04/02/24		70		74,913
3.50%, 09/13/23		554		594,010
Citigroup Inc.
0.98%, 05/01/25 (Call 05/01/24), (SOFR + 0.669%)(b)		195		196,221
1.12%, 01/28/27 (Call 01/28/26)(b)		565		558,949
2.56%, 05/01/32 (Call 05/01/31)(b)		485		487,212
2.57%, 06/03/31 (Call 06/03/30)(b)		600		606,978
2.67%, 01/29/31 (Call 01/29/30)(b)		415		423,661
2.70%, 10/27/22 (Call 09/27/22)		441		454,980
2.98%, 11/05/30 (Call 11/05/29)(b)		220		230,648
3.11%, 04/08/26 (Call 04/08/25)(b)		773		830,774
3.20%, 10/21/26 (Call 07/21/26)		515		560,387
3.30%, 04/27/25		419		457,636
3.35%, 04/24/25 (Call 04/24/24),  (3 mo. LIBOR US + 0.897%)(b)		537		577,141
3.40%, 05/01/26		443		487,158
3.50%, 05/15/23		337		356,890
3.52%, 10/27/28 (Call 10/27/27)(b)		475		522,215
3.67%, 07/24/28 (Call 07/24/27)(b)		496		548,913
3.70%, 01/12/26		398		442,297
3.75%, 06/16/24		272		297,576
3.88%, 10/25/23		206		223,537
3.88%, 03/26/25		280		308,946
3.89%, 01/10/28 (Call 01/10/27)(b)		570		637,477
3.98%, 03/20/30 (Call 03/20/29),  (3 mo. LIBOR US + 1.338%)(b)		460		518,429
4.05%, 07/30/22		196		204,426
4.08%, 04/23/29 (Call 04/23/28)(b)		346		390,423
4.13%, 07/25/28		230		259,074
4.30%, 11/20/26		327		370,324
4.40%, 06/10/25		606		680,483
4.41%, 03/31/31 (Call 03/31/30)(b)		700		806,540
4.45%, 09/29/27		787		900,493
4.60%, 03/09/26		385		441,068
5.50%, 09/13/25		409		481,180
Citizens Bank N.A./Providence RI
3.70%, 03/29/23 (Call 02/28/23)		250		264,288
3.75%, 02/18/26 (Call 11/18/25)		250		277,863
Citizens Financial Group Inc., 2.50%, 02/06/30  (Call 11/06/29)		342		347,612
Comerica Inc.
3.70%, 07/31/23 (Call 06/30/23)		450		480,708
4.00%, 02/01/29 (Call 11/03/28)		150		170,210
Cooperatieve Rabobank U.A.
3.75%, 07/21/26		315		346,799
3.95%, 11/09/22		360		378,094
4.63%, 12/01/23		440		481,994
Cooperatieve Rabobank U.A./New York, 2.75%, 01/10/23		350		364,137
Credit Suisse AG/New York NY
1.00%, 05/05/23		500		505,595
2.95%, 04/09/25		440		472,991
3.63%, 09/09/24		705		770,551
Credit Suisse Group AG
3.75%, 03/26/25		390		424,066
3.80%, 06/09/23		260		276,237
4.55%, 04/17/26		490		555,366
Credit Suisse Group Funding Guernsey Ltd., 3.80%, 09/15/22		450		469,278
Deutsche Bank AG, 4.10%, 01/13/26		226		249,206

Security	Par (000)		Value
Banks (continued)
Deutsche Bank AG/London, 3.70%, 05/30/24	$	340	$	367,173
Deutsche Bank AG/New York NY
0.90%, 05/28/24		150		150,149
2.13%, 11/24/26 (Call 11/24/25)(b)		395		401,924
3.04%, 05/28/32 (Call 05/28/31)(b)		170		170,258
3.30%, 11/16/22		200		207,586
3.55%, 09/18/31 (Call 09/18/30)(b)		235		247,314
3.70%, 05/30/24		250		269,160
3.95%, 02/27/23		200		210,928
3.96%, 11/26/25 (Call 11/26/24)(b)		490		532,468
Discover Bank
2.70%, 02/06/30 (Call 11/06/29)		460		472,057
3.35%, 02/06/23 (Call 01/06/23)		250		261,675
3.45%, 07/27/26 (Call 04/27/26)		250		273,335
4.68%, 08/09/28 (Call 08/09/23)(b)		350		372,621
Fifth Third Bancorp.
2.55%, 05/05/27 (Call 04/05/27)		65		68,604
3.65%, 01/25/24 (Call 12/25/23)		520		559,879
3.95%, 03/14/28 (Call 02/14/28)		375		429,517
4.30%, 01/16/24 (Call 12/16/23)		234		255,369
Fifth Third Bank NA
1.80%, 01/30/23 (Call 12/30/22)		260		266,253
2.25%, 02/01/27 (Call 01/01/27)		250		262,685
3.95%, 07/28/25 (Call 06/28/25)		200		225,110
Goldman Sachs Group Inc. (The)
0.48%, 01/27/23 (Call 01/27/22)		25		25,024
1.09%, 12/09/26 (Call 12/09/25)(b)		15		14,851
1.43%, 03/09/27 (Call 03/09/26), (SOFR + 0.798%)(b)		500		500,540
1.99%, 01/27/32 (Call 01/27/31)(b)		705		675,510
2.60%, 02/07/30 (Call 11/07/29)		449		461,563
2.62%, 04/22/32 (Call 04/22/31), (SOFR + 1.281%)(b)		420		423,994
2.91%, 07/24/23 (Call 07/24/22)(b)		465		478,146
3.20%, 02/23/23 (Call 01/23/23)		394		412,431
3.27%, 09/29/25 (Call 09/29/24), (3 mo. LIBOR US + 1.201%)(b)		638		687,636
3.50%, 01/23/25 (Call 10/23/24)		663		719,859
3.50%, 04/01/25 (Call 03/01/25)		822		896,490
3.50%, 11/16/26 (Call 11/16/25)		615		672,945
3.63%, 01/22/23		531		559,462
3.63%, 02/20/24 (Call 01/20/24)		335		361,830
3.69%, 06/05/28 (Call 06/05/27)(b)		440		487,177
3.75%, 05/22/25 (Call 02/22/25)		411		452,614
3.75%, 02/25/26 (Call 11/25/25)		197		218,997
3.80%, 03/15/30 (Call 12/15/29)		341		380,621
3.81%, 04/23/29 (Call 04/23/28)(b)		522		579,216
3.85%, 07/08/24 (Call 04/08/24)		488		530,939
3.85%, 01/26/27 (Call 01/26/26)		616		683,243
4.00%, 03/03/24		744		813,378
4.22%, 05/01/29 (Call 05/01/28)(b)		552		627,392
4.25%, 10/21/25		586		658,986
5.95%, 01/15/27		25		30,590
HSBC Holdings PLC
1.65%, 04/18/26 (Call 04/18/25)(b)		575		584,930
2.80%, 05/24/32 (Call 05/24/31)(b)		200		202,414
3.60%, 05/25/23		700		744,856
3.80%, 03/11/25 (Call 03/11/24)(b)		610		659,825
3.90%, 05/25/26		600		669,804
3.95%, 05/18/24 (Call 05/18/23), (3 mo. LIBOR US + 0.987%)(b)		400		426,928
3.97%, 05/22/30 (Call 05/22/29)(b)		450		497,601

4 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
4.04%, 03/13/28 (Call 03/13/27)(b)	$	445	$	494,836
4.25%, 03/14/24		480		524,256
4.25%, 08/18/25		450		501,435
4.29%, 09/12/26 (Call 09/12/25)(b)		450		502,902
4.30%, 03/08/26		750		851,557
4.38%, 11/23/26		275		310,910
4.58%, 06/19/29 (Call 06/19/28)(b)		485		555,243
4.95%, 03/31/30		890		1,056,305
HSBC USA Inc., 3.50%, 06/23/24		300		326,028
Huntington Bancshares Inc./OH
2.55%, 02/04/30 (Call 11/04/29)		158		162,231
2.63%, 08/06/24 (Call 07/06/24)		234		247,645
4.00%, 05/15/25 (Call 04/15/25)		185		206,519
Huntington National Bank (The), 2.50%, 08/07/22  (Call 07/07/22)		360		368,849
Industrial & Commercial Bank of China Ltd./New York NY, 3.54%, 11/08/27		250		277,380
ING Groep NV
2.73%, 04/01/32 (Call 04/01/31)(b)		200		203,478
3.95%, 03/29/27		350		394,149
4.05%, 04/09/29		215		242,772
4.10%, 10/02/23		720		779,933
JPMorgan Chase & Co.
0.82%, 06/01/25 (Call 06/01/24)(b)		700		701,414
1.51%, 06/01/24 (Call 06/01/23)(b)		10		10,211
2.07%, 06/01/29 (Call 06/01/28)(b)		1,000		1,004,610
2.08%, 04/22/26 (Call 04/22/25)(b)		880		913,950
2.18%, 06/01/28 (Call 06/01/27)(b)		260		266,965
2.52%, 04/22/31 (Call 04/22/30)(b)		800		812,736
2.58%, 04/22/32 (Call 04/22/31)(b)		735		742,578
2.70%, 05/18/23 (Call 03/18/23)		658		686,577
2.74%, 10/15/30 (Call 10/15/29)(b)		800		829,624
2.95%, 10/01/26 (Call 07/01/26)		679		734,264
2.96%, 05/13/31 (Call 05/13/30), (SOFR + 2.515%)(b)		500		518,215
2.97%, 01/15/23 (Call 01/15/22)		621		631,445
3.13%, 01/23/25 (Call 10/23/24)		61		65,808
3.20%, 01/25/23		651		682,684
3.20%, 06/15/26 (Call 03/15/26)		350		383,358
3.22%, 03/01/25 (Call 03/01/24), (3 mo. LIBOR US + 1.155%)(b)		656		700,601
3.25%, 09/23/22		790		821,284
3.30%, 04/01/26 (Call 01/01/26)		543		596,681
3.38%, 05/01/23		481		508,330
3.51%, 01/23/29 (Call 01/23/28)(b)		593		650,539
3.54%, 05/01/28 (Call 05/01/27)(b)		525		579,332
3.56%, 04/23/24 (Call 04/23/23), (3 mo. LIBOR US + 0.730%)(b)		484		512,091
3.63%, 05/13/24		510		556,634
3.63%, 12/01/27 (Call 12/01/26)		411		453,723
3.70%, 05/06/30 (Call 05/06/29)(b)		760		843,167
3.78%, 02/01/28 (Call 02/01/27)(b)		697		776,646
3.80%, 07/23/24 (Call 07/23/23)(b)		563		601,903
3.88%, 02/01/24		294		320,525
3.88%, 09/10/24		665		728,707
3.90%, 07/15/25 (Call 04/15/25)		575		639,452
3.96%, 01/29/27 (Call 01/29/26)(b)		528		590,784
4.01%, 04/23/29 (Call 04/23/28)(b)		552		622,524
4.02%, 12/05/24 (Call 12/05/23), (3 mo. LIBOR US + 1.000%)(b)		479		519,193
4.13%, 12/15/26		609		691,349

Security	Par (000)		Value
Banks (continued)
4.20%, 07/23/29 (Call 07/23/28)(b)	$	317	$	363,082
4.25%, 10/01/27		545		627,611
4.45%, 12/05/29 (Call 12/05/28)(b)		477		552,752
4.49%, 03/24/31 (Call 03/24/30)(b)		535		625,180
KeyBank N.A./Cleveland OH
2.30%, 09/14/22		250		256,450
3.40%, 05/20/26		250		273,765
3.90%, 04/13/29 (Call 03/13/29)		250		277,993
KeyCorp.
2.25%, 04/06/27		270		281,000
2.55%, 10/01/29		150		155,424
4.15%, 10/29/25		308		348,730
KfW
0.38%, 07/18/25		1,000		989,230
1.38%, 08/05/24		620		638,860
1.63%, 02/15/23		2,165		2,218,367
1.75%, 09/14/29		538		548,631
2.00%, 09/29/22		90		92,216
2.00%, 10/04/22		605		620,034
2.00%, 05/02/25		1,188		1,251,843
2.13%, 01/17/23		650		670,637
2.38%, 12/29/22		1,010		1,045,148
2.50%, 11/20/24		726		776,050
2.63%, 02/28/24		169		179,644
2.88%, 04/03/28		652		721,236
Korea Development Bank (The)
2.00%, 09/12/26		225		235,364
2.13%, 10/01/24		325		341,777
3.00%, 09/14/22		300		309,900
3.00%, 01/13/26		200		217,762
Landwirtschaftliche Rentenbank
1.75%, 07/27/26		105		109,455
2.00%, 01/13/25		550		578,578
2.38%, 06/10/25		465		496,727
3.13%, 11/14/23		220		235,268
Series 40, 0.50%, 05/27/25		410		407,778
Lloyds Banking Group PLC
1.33%, 06/15/23 (Call 06/15/22)(b)		200		201,870
2.44%, 02/05/26 (Call 02/05/25)(b)		200		209,476
2.91%, 11/07/23 (Call 11/07/22)(b)		450		465,511
3.57%, 11/07/28 (Call 11/07/27)(b)		280		305,460
3.75%, 01/11/27		250		277,325
3.87%, 07/09/25 (Call 07/09/24)(b)		290		315,975
4.05%, 08/16/23		225		242,386
4.38%, 03/22/28		415		473,702
4.45%, 05/08/25		200		225,412
4.50%, 11/04/24		315		350,601
4.55%, 08/16/28		200		231,748
4.58%, 12/10/25		260		293,145
4.65%, 03/24/26		440		499,418
M&T Bank Corp., 3.55%, 07/26/23 (Call 06/26/23)		190		202,705
Manufacturers & Traders Trust Co., 2.90%, 02/06/25  (Call 01/06/25)		250		268,150
Mitsubishi UFJ Financial Group Inc.
2.19%, 02/25/25		235		245,711
2.56%, 02/25/30.		300		306,834
2.62%, 07/18/22		410		420,890
2.67%, 07/25/22		635		652,316
2.76%, 09/13/26		250		266,600
2.80%, 07/18/24		215		229,024

5 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
3.20%, 07/18/29	$	265	$	283,539
3.41%, 03/07/24		380		408,929
3.46%, 03/02/23		364		383,700
3.68%, 02/22/27		170		191,027
3.74%, 03/07/29		245		273,589
3.76%, 07/26/23		322		344,791
3.78%, 03/02/25		329		362,561
3.85%, 03/01/26		475		533,900
3.96%, 03/02/28		216		243,419
4.05%, 09/11/28		500		569,785
Mizuho Financial Group Inc.
1.24%, 07/10/24 (Call 07/10/23), (SOFR + 1.252%)(b)		440		446,345
2.20%, 07/10/31 (Call 07/10/30)(b)		300		294,681
2.23%, 05/25/26 (Call 05/25/25)(b)		225		233,341
2.56%, 09/13/25 (Call 09/13/24)(b)		200		210,318
2.60%, 09/11/22		500		514,660
2.84%, 07/16/25 (Call 07/16/24), (SOFR + 1.242%)(b)		240		254,494
2.84%, 09/13/26		203		218,430
3.17%, 09/11/27		285		311,003
3.55%, 03/05/23		250		264,105
3.66%, 02/28/27		245		272,509
3.92%, 09/11/24 (Call 09/11/23)(b)		200		214,786
4.02%, 03/05/28		300		337,545
4.25%, 09/11/29 (Call 09/11/28)(b)		250		284,290
Morgan Stanley
0.53%, 01/25/24 (Call 01/25/23), (SOFR + 0.455%)(b)		850		850,493
0.56%, 11/10/23 (Call 11/10/22), (SOFR + 0.466%)(b)		410		410,849
0.99%, 12/10/26 (Call 12/10/25)(b)		350		346,129
1.79%, 02/13/32 (Call 02/13/31)(b)		410		387,647
1.93%, 04/28/32 (Call 04/28/31)(b)		1,300		1,242,787
2.19%, 04/28/26 (Call 04/28/25), (SOFR + 1.990%)(b)		525		549,087
2.70%, 01/22/31 (Call 01/22/30)(b)		395		407,976
3.13%, 01/23/23		548		573,076
3.13%, 07/27/26		479		521,454
3.59%, 07/22/28 (Call 07/22/27)(b)		466		515,745
3.62%, 04/01/31 (Call 04/01/30), (SOFR + 3.120%)(b)		480		529,032
3.63%, 01/20/27		568		633,382
3.70%, 10/23/24		306		335,988
3.74%, 04/24/24 (Call 04/24/23),  (3 mo. LIBOR US + 0.847%)(b)		342		363,180
3.75%, 02/25/23		304		321,830
3.77%, 01/24/29 (Call 01/24/28)(b)		361		402,111
3.88%, 01/27/26		489		547,978
3.95%, 04/23/27		399		449,557
4.00%, 07/23/25		660		738,355
4.10%, 05/22/23		386		412,978
4.35%, 09/08/26		543		618,472
4.43%, 01/23/30 (Call 01/23/29)(b)		515		598,039
4.88%, 11/01/22		365		387,331
5.00%, 11/24/25		370		429,263
Series F, 3.88%, 04/29/24		541		590,869
MUFG Americas Holdings Corp., 3.00%, 02/10/25  (Call 01/10/25)		405		434,119
National Australia Bank Ltd./New York
2.50%, 07/12/26		275		293,147
3.38%, 01/14/26		250		276,388
3.63%, 06/20/23		250		266,810
National Bank of Canada, 2.10%, 02/01/23		250		257,145
Natwest Group PLC
3.07%, 05/22/28 (Call 05/22/27)(b)		260		274,269

Security	Par (000)		Value
Banks (continued)
3.75%, 11/01/29 (Call 11/01/24)(b)	$	305	$	325,813
4.27%, 03/22/25 (Call 03/22/24)(b)		735		801,900
4.45%, 05/08/30 (Call 05/08/29)(b)		235		266,290
4.52%, 06/25/24 (Call 06/25/23)(b)		565		608,957
4.80%, 04/05/26		270		310,662
4.89%, 05/18/29 (Call 05/18/28)(b)		400		463,300
5.08%, 01/27/30 (Call 01/27/29)(b)		405		475,029
6.00%, 12/19/23		430		484,442
Northern Trust Corp.
3.15%, 05/03/29 (Call 02/03/29)		165		180,032
3.65%, 08/03/28 (Call 05/03/28)		16		17,985
3.95%, 10/30/25		258		292,845
Oesterreichische Kontrollbank AG
1.50%, 02/12/25		900		929,682
2.88%, 03/13/23		195		204,190
PNC Bank N.A.
3.25%, 06/01/25 (Call 05/02/25)		475		518,524
3.25%, 01/22/28 (Call 12/23/27)		250		274,270
4.05%, 07/26/28.		250		285,703
PNC Financial Services Group Inc. (The)
2.31%, 04/23/32 (Call 04/23/31)(b)		300		301,086
2.55%, 01/22/30 (Call 10/24/29)		433		449,636
3.15%, 05/19/27 (Call 04/19/27)		265		290,620
3.45%, 04/23/29 (Call 01/23/29)		359		397,908
3.50%, 01/23/24 (Call 12/23/23)		414		446,255
3.90%, 04/29/24 (Call 03/29/24)		444		485,367
Regions Financial Corp., 3.80%, 08/14/23 (Call 07/14/23)		536		573,429
Royal Bank of Canada
0.43%, 01/19/24		185		184,961
1.60%, 04/17/23		40		41,001
1.95%, 01/17/23		494		507,842
2.25%, 11/01/24		67		70,567
3.70%, 10/05/23		647		697,485
4.65%, 01/27/26		280		322,652
Santander Holdings USA Inc.
3.24%, 10/05/26 (Call 08/05/26)		403		431,113
3.40%, 01/18/23 (Call 12/18/22)		243		253,274
3.50%, 06/07/24 (Call 05/07/24)		220		236,328
4.40%, 07/13/27 (Call 04/14/27)		284		318,935
Santander UK Group Holdings PLC
1.53%, 08/21/26 (Call 08/21/25)(b)		325		326,797
3.37%, 01/05/24 (Call 01/05/23)(b)		200		208,948
3.82%, 11/03/28 (Call 11/03/27)(b)		200		220,674
Santander UK PLC
2.88%, 06/18/24		200		213,082
4.00%, 03/13/24		445		487,400
State Street Corp.
2.40%, 01/24/30		261		268,895
2.65%, 05/19/26		375		404,636
3.10%, 05/15/23		230		242,726
3.15%, 03/30/31 (Call 03/30/30)(b)		250		269,260
3.30%, 12/16/24		261		286,437
3.55%, 08/18/25		340		378,780
3.70%, 11/20/23		279		302,908
3.78%, 12/03/24 (Call 12/03/23)(b)		158		171,063
4.14%, 12/03/29 (Call 12/03/28)(b)		10		11,550
Sumitomo Mitsui Banking Corp., 3.65%, 07/23/25		250		275,678
Sumitomo Mitsui Financial Group Inc.
1.71%, 01/12/31		400		381,192
2.14%, 09/23/30		50		48,153

6 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Banks (continued)
2.35%, 01/15/25	$	200	$	209,844
2.45%, 09/27/24		615		648,333
2.63%, 07/14/26		58		61,618
2.70%, 07/16/24		600		635,796
2.72%, 09/27/29		240		248,981
2.75%, 01/15/30		310		322,316
2.78%, 10/18/22		345		356,820
3.01%, 10/19/26		305		330,092
3.04%, 07/16/29		330		350,005
3.10%, 01/17/23		365		381,494
3.20%, 09/17/29		200		209,494
3.35%, 10/18/27		185		202,912
3.36%, 07/12/27		260		285,587
3.45%, 01/11/27		217		238,989
3.54%, 01/17/28		135		148,542
3.75%, 07/19/23		215		230,308
3.78%, 03/09/26		465		518,880
3.94%, 10/16/23		250		270,675
3.94%, 07/19/28		10		11,237
4.31%, 10/16/28		205		235,945
SVB Financial Group
1.80%, 02/02/31 (Call 11/02/30)		125		117,573
3.50%, 01/29/25		220		238,957
Svenska Handelsbanken AB, 3.90%, 11/20/23		250		271,938
Synovus Financial Corp., 3.13%, 11/01/22 (Call 10/01/22)		230		237,411
Toronto-Dominion Bank (The)
0.45%, 09/11/23		60		60,157
0.55%, 03/04/24		500		501,480
0.75%, 01/06/26		900		892,125
1.15%, 06/12/25		25		25,265
1.90%, 12/01/22		176		180,497
2.65%, 06/12/24		142		151,209
3.25%, 03/11/24		222		239,098
3.50%, 07/19/23		235		251,126
3.63%, 09/15/31 (Call 09/15/26)(b)		225		249,728
Truist Bank
1.50%, 03/10/25 (Call 02/10/25)		535		548,386
2.25%, 03/11/30 (Call 12/11/29)		280		278,748
2.45%, 08/01/22 (Call 07/01/22)		321		328,794
2.64%, 09/17/29 (Call 09/17/24)(b)		305		320,375
2.75%, 05/01/23 (Call 04/01/23)		200		209,196
3.00%, 02/02/23 (Call 01/02/23)		180		187,904
3.20%, 04/01/24 (Call 03/01/24)		141		151,620
3.30%, 05/15/26 (Call 04/15/26)		260		286,268
3.69%, 08/02/24 (Call 08/02/23)(b)		135		144,347
4.05%, 11/03/25 (Call 09/03/25)		50		56,442
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)		641		626,462
2.85%, 10/26/24 (Call 09/26/24)		288		310,355
3.05%, 06/20/22 (Call 05/20/22)		167		171,589
3.70%, 06/05/25 (Call 05/05/25)		100		110,641
3.75%, 12/06/23 (Call 11/06/23)		395		426,794
3.88%, 03/19/29 (Call 02/16/29)		110		123,995
4.00%, 05/01/25 (Call 03/01/25)		484		539,529
U.S. Bancorp.
1.38%, 07/22/30 (Call 04/22/30)		65		61,407
2.40%, 07/30/24 (Call 06/28/24)		160		169,213
2.95%, 07/15/22 (Call 06/15/22)		473		486,433
3.00%, 07/30/29 (Call 04/30/29)		5		5,348
3.10%, 04/27/26 (Call 03/27/26)		298		325,756

Security	Par (000)		Value
Banks (continued)
3.38%, 02/05/24 (Call 01/05/24)	$	169	$	181,819
3.60%, 09/11/24 (Call 08/11/24)		397		435,160
3.70%, 01/30/24 (Call 12/29/23)		252		273,269
3.90%, 04/26/28 (Call 03/24/28)		207		237,323
3.95%, 11/17/25 (Call 10/17/25)		294		332,285
Series V, 2.38%, 07/22/26 (Call 06/22/26)		570		603,790
Series X, 3.15%, 04/27/27 (Call 03/27/27)		523		572,957
U.S. Bank N.A./Cincinnati OH
2.80%, 01/27/25 (Call 12/27/24)		250		268,920
2.85%, 01/23/23 (Call 12/23/22)		350		364,298
Webster Financial Corp., 4.10%, 03/25/29 (Call 12/25/28)		70		76,708
Wells Fargo & Co.
1.65%, 06/02/24 (Call 06/02/23)(b)		447		457,929
2.16%, 02/11/26 (Call 02/11/25)(b)		841		877,306
2.39%, 06/02/28 (Call 06/02/27)(b)		647		672,738
2.41%, 10/30/25 (Call 10/30/24)(b)		599		630,364
2.57%, 02/11/31 (Call 02/11/30)(b)		700		716,310
2.88%, 10/30/30 (Call 10/30/29)(b)		525		550,746
3.00%, 02/19/25		620		666,866
3.00%, 04/22/26		639		692,158
3.00%, 10/23/26		751		814,752
3.20%, 06/17/27 (Call 06/17/26)(b)		530		576,094
3.30%, 09/09/24		520		564,210
3.55%, 09/29/25		583		643,947
3.58%, 05/22/28 (Call 05/22/27)(b)		689		761,834
3.75%, 01/24/24 (Call 12/24/23)		681		736,815
4.10%, 06/03/26		571		642,820
4.13%, 08/15/23		100		108,006
4.15%, 01/24/29 (Call 10/24/28)		387		442,852
4.30%, 07/22/27		584		667,880
4.48%, 01/16/24		350		385,486
4.48%, 04/04/31 (Call 04/04/30)(b)		315		367,640
Series M, 3.45%, 02/13/23		556		584,956
Wells Fargo Bank N.A., 3.55%, 08/14/23 (Call 07/14/23)		325		347,597
Westpac Banking Corp.
1.15%, 06/03/26		500		500,080
2.00%, 01/13/23		120		123,428
2.15%, 06/03/31		500		499,850
2.35%, 02/19/25		12		12,662
2.50%, 06/28/22		297		304,386
2.65%, 01/16/30		365		386,787
2.67%, 11/15/35 (Call 11/15/30)(b)		50		48,552
2.70%, 08/19/26		240		258,235
2.75%, 01/11/23		294		305,901
2.85%, 05/13/26		465		502,907
2.89%, 02/04/30 (Call 02/04/25)(b)		666		691,148
3.30%, 02/26/24		225		242,597
3.35%, 03/08/27		398		441,903
3.40%, 01/25/28		177		196,854
3.65%, 05/15/23		285		303,730
4.11%, 07/24/34 (Call 07/24/29)(b)		200		217,386
				213,928,431
Beverages — 0.6%
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc., 3.65%, 02/01/26 (Call 11/01/25)		728		806,806
Anheuser-Busch InBev Finance Inc., 3.65%, 02/01/26  (Call 11/01/25)		345		382,343
Anheuser-Busch InBev Worldwide Inc.
3.50%, 06/01/30 (Call 03/01/30)		50		54,864
4.00%, 04/13/28 (Call 01/13/28)		630		715,233

7 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Beverages (continued)
4.15%, 01/23/25 (Call 06/29/21)	$	638	$	713,558
4.75%, 01/23/29 (Call 10/23/28)		902		1,064,982
4.90%, 01/23/31 (Call 10/23/30)		15		18,179
Coca-Cola Co. (The)
1.00%, 03/15/28 (Call 01/15/28)		90		87,026
1.75%, 09/06/24		235		245,561
2.00%, 03/05/31		230		228,678
2.13%, 09/06/29		275		279,125
2.25%, 01/05/32		300		301,788
2.88%, 10/27/25		285		310,126
2.90%, 05/25/27		180		196,967
3.38%, 03/25/27		318		356,271
3.45%, 03/25/30		428		477,173
Coca-Cola Consolidated Inc., 3.80%, 11/25/25  (Call 08/25/25)		125		138,904
Constellation Brands Inc.
3.20%, 02/15/23 (Call 01/15/23)		290		303,180
3.60%, 02/15/28 (Call 11/15/27)		125		137,609
3.70%, 12/06/26 (Call 09/06/26)		469		521,537
4.25%, 05/01/23		395		423,021
4.40%, 11/15/25 (Call 09/15/25)		150		170,571
4.75%, 11/15/24		125		141,394
Diageo Capital PLC
2.63%, 04/29/23 (Call 01/29/23)		230		239,223
3.50%, 09/18/23 (Call 08/18/23)		200		213,944
3.88%, 05/18/28 (Call 02/18/28)		200		226,602
Keurig Dr Pepper Inc.
2.25%, 03/15/31 (Call 12/15/30)		500		495,475
2.55%, 09/15/26 (Call 06/15/26)		135		143,793
3.13%, 12/15/23 (Call 10/15/23)		144		152,824
3.20%, 05/01/30 (Call 02/01/30)		70		74,745
3.43%, 06/15/27 (Call 03/15/27)		25		27,568
4.06%, 05/25/23 (Call 04/25/23)		190		203,230
4.42%, 05/25/25 (Call 03/25/25)		240		270,718
4.60%, 05/25/28 (Call 02/25/28)		335		390,818
Molson Coors Beverage Co., 3.00%, 07/15/26  (Call 04/15/26)		440		472,608
PepsiCo Inc.
0.40%, 10/07/23		150		150,480
1.40%, 02/25/31 (Call 11/25/30)(a)		405		385,706
1.63%, 05/01/30 (Call 02/01/30)		254		247,439
2.25%, 03/19/25 (Call 02/19/25)		368		389,499
2.38%, 10/06/26 (Call 07/06/26)		343		367,044
2.63%, 03/19/27 (Call 01/19/27)		205		221,254
2.63%, 07/29/29 (Call 04/29/29)		265		281,226
2.75%, 04/30/25 (Call 01/30/25)		250		269,018
2.75%, 03/19/30 (Call 12/19/29)		305		325,462
2.85%, 02/24/26 (Call 11/24/25)		190		207,030
3.00%, 10/15/27 (Call 07/15/27)		123		135,552
3.50%, 07/17/25 (Call 04/17/25)		205		226,541
3.60%, 03/01/24 (Call 12/01/23)		217		234,429
				14,427,124
Biotechnology — 0.3%
Amgen Inc.
2.25%, 08/19/23 (Call 06/19/23)		71		73,805
2.45%, 02/21/30 (Call 11/21/29)		340		346,392
2.60%, 08/19/26 (Call 05/19/26)		385		409,501
3.13%, 05/01/25 (Call 02/01/25)		353		381,551
3.20%, 11/02/27 (Call 08/02/27)		27		29,608
3.63%, 05/22/24 (Call 02/22/24)		659		714,791

Security	Par (000)		Value
Biotechnology (continued)
Baxalta Inc., 4.00%, 06/23/25 (Call 03/23/25)	$	440	$	488,910
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		420		413,876
3.63%, 09/15/22		86		89,586
4.05%, 09/15/25 (Call 06/15/25)		235		262,168
Gilead Sciences Inc.
0.75%, 09/29/23 (Call 09/30/21)		280		280,370
1.20%, 10/01/27 (Call 08/01/27)		205		200,137
1.65%, 10/01/30 (Call 07/01/30)		340		322,531
2.50%, 09/01/23 (Call 07/01/23)		36		37,572
2.95%, 03/01/27 (Call 12/01/26)		402		434,011
3.25%, 09/01/22 (Call 07/01/22)		332		342,631
3.50%, 02/01/25 (Call 11/01/24)		385		419,619
3.65%, 03/01/26 (Call 12/01/25)		423		468,244
3.70%, 04/01/24 (Call 01/01/24)		389		420,186
Illumina Inc., 2.55%, 03/23/31 (Call 12/23/30)		305		303,643
Regeneron Pharmaceuticals Inc., 1.75%, 09/15/30  (Call 06/15/30)		448		420,605
Royalty Pharma PLC
0.75%, 09/02/23(c)		275		275,140
1.20%, 09/02/25 (Call 08/02/25)(c)		45		44,676
				7,179,553
Building Materials — 0.1%
Carrier Global Corp.
2.24%, 02/15/25 (Call 01/15/25)		370		386,957
2.49%, 02/15/27 (Call 12/15/26)		526		552,647
2.72%, 02/15/30 (Call 11/15/29)		380		391,134
Fortune Brands Home & Security Inc.
3.25%, 09/15/29 (Call 06/15/29)		230		245,934
4.00%, 09/21/23 (Call 08/21/23)		88		94,625
Johnson Controls International PLC
3.63%, 07/02/24 (Call 04/02/24)(d)		69		74,558
3.90%, 02/14/26 (Call 11/14/25)		86		95,848
Johnson Controls International PLC/Tyco Fire & Security Finance SCA, 1.75%, 09/15/30 (Call 06/15/30)		140		133,025
Lennox International Inc., 3.00%, 11/15/23 (Call 09/15/23)		130		136,885
Martin Marietta Materials Inc., 3.50%, 12/15/27  (Call 09/15/27)		369		406,679
Masco Corp.
2.00%, 02/15/31 (Call 11/15/30)		320		307,130
3.50%, 11/15/27 (Call 08/15/27)		10		10,951
Owens Corning
3.95%, 08/15/29 (Call 05/15/29)		30		33,519
4.20%, 12/01/24 (Call 09/01/24)		275		303,110
Vulcan Materials Co., 3.90%, 04/01/27 (Call 01/01/27)		45		50,901
				3,223,903
Chemicals — 0.5%
Air Products and Chemicals Inc.
1.85%, 05/15/27 (Call 03/15/27)		290		298,436
2.05%, 05/15/30 (Call 02/15/30)		272		273,134
3.35%, 07/31/24 (Call 04/30/24)		267		289,041
Albemarle Corp., 4.15%, 12/01/24 (Call 09/01/24)		75		82,574
Cabot Corp., 4.00%, 07/01/29 (Call 04/01/29)		143		152,886
Celanese U.S. Holdings LLC, 3.50%, 05/08/24 (Call 04/08/24)		185		199,134
Dow Chemical Co. (The)
3.50%, 10/01/24 (Call 06/02/21)		375		409,136
4.55%, 11/30/25 (Call 09/30/25)		310		353,970
4.80%, 11/30/28 (Call 08/30/28)		293		347,322

8 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Chemicals (continued)
7.38%, 11/01/29.	$	315	$	432,675
DuPont de Nemours Inc.
4.21%, 11/15/23 (Call 10/15/23)		621		675,480
4.49%, 11/15/25 (Call 09/15/25)		601		685,338
4.73%, 11/15/28 (Call 08/15/28)		620		731,736
Eastman Chemical Co.
3.80%, 03/15/25 (Call 12/15/24)		497		544,290
4.50%, 12/01/28 (Call 09/01/28)		55		63,867
Ecolab Inc.
1.30%, 01/30/31 (Call 10/30/30)		503		466,849
2.70%, 11/01/26 (Call 08/01/26)		135		145,160
3.25%, 01/14/23 (Call 11/14/22)		117		121,962
EI du Pont de Nemours and Co.
1.70%, 07/15/25 (Call 06/15/25)		125		128,691
2.30%, 07/15/30 (Call 04/15/30)		289		292,653
FMC Corp.
3.20%, 10/01/26 (Call 08/01/26)		90		97,516
3.45%, 10/01/29 (Call 07/01/29)		138		149,204
4.10%, 02/01/24 (Call 11/01/23)		90		96,990
Huntsman International LLC
2.95%, 06/15/31 (Call 03/15/31)		75		75,617
4.50%, 05/01/29 (Call 02/01/29)		160		180,890
5.13%, 11/15/22 (Call 06/23/21)		100		105,194
International Flavors & Fragrances Inc., 4.45%, 09/26/28  (Call 06/26/28)		25		28,622
Linde Inc./CT
1.10%, 08/10/30 (Call 05/10/30)		499		462,678
2.70%, 02/21/23 (Call 11/21/22)		135		139,699
LYB International Finance BV, 4.00%, 07/15/23		186		199,297
LYB International Finance II BV, 3.50%, 03/02/27  (Call 12/02/26)		252		275,776
LYB International Finance III LLC
1.25%, 10/01/25 (Call 09/01/25)		145		145,448
2.25%, 10/01/30 (Call 07/01/30)		340		334,897
Mosaic Co. (The)
3.25%, 11/15/22 (Call 10/15/22)		50		51,873
4.05%, 11/15/27 (Call 08/15/27)		85		94,767
4.25%, 11/15/23 (Call 08/15/23)		255		274,882
Nutrien Ltd.
2.95%, 05/13/30 (Call 02/13/30)		120		125,647
3.00%, 04/01/25 (Call 01/01/25)		190		203,129
3.50%, 06/01/23 (Call 03/01/23)		145		152,456
3.63%, 03/15/24 (Call 12/15/23)		170		182,481
4.00%, 12/15/26 (Call 09/15/26)		200		225,900
4.20%, 04/01/29 (Call 01/01/29)		135		154,216
PPG Industries Inc.
1.20%, 03/15/26 (Call 02/15/26)		210		209,544
2.55%, 06/15/30 (Call 03/15/30)		45		46,222
3.20%, 03/15/23 (Call 02/15/23)		125		130,659
RPM International Inc.
3.75%, 03/15/27 (Call 12/15/26)		64		70,558
4.55%, 03/01/29 (Call 12/01/28)		130		147,988
Sherwin-Williams Co. (The)
2.30%, 05/15/30 (Call 02/15/30)		135		135,609
2.95%, 08/15/29 (Call 05/15/29)		60		63,709
3.13%, 06/01/24 (Call 04/01/24)		105		112,566
3.45%, 06/01/27 (Call 03/01/27)		315		348,192
Westlake Chemical Corp., 3.60%, 08/15/26 (Call 05/15/26)		339		371,741
				12,088,301

Security	Par (000)		Value
Commercial Services — 0.3%
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)	$	350	$	329,742
1.70%, 05/15/28 (Call 03/15/28)		120		121,016
3.38%, 09/15/25 (Call 06/15/25)		334		368,526
Block Financial LLC, 5.25%, 10/01/25 (Call 07/01/25)		110		125,655
Cintas Corp. No. 2, 3.70%, 04/01/27 (Call 01/01/27)		320		359,914
Equifax Inc.
2.60%, 12/15/25 (Call 11/15/25)		29		30,730
3.30%, 12/15/22 (Call 09/15/22)		420		435,742
3.95%, 06/15/23 (Call 05/15/23)		260		277,599
Global Payments Inc.
2.65%, 02/15/25 (Call 01/15/25)		64		67,596
2.90%, 05/15/30 (Call 02/15/30)		340		349,081
3.20%, 08/15/29 (Call 05/15/29)		202		213,229
3.75%, 06/01/23 (Call 03/01/23)		22		23,241
4.00%, 06/01/23 (Call 05/01/23)		226		240,853
4.45%, 06/01/28 (Call 03/01/28)		50		57,218
4.80%, 04/01/26 (Call 01/01/26)		68		78,186
J Paul Getty Trust (The), Series 2021, 0.39%, 01/01/24  (Call 10/01/23)		70		69,624
Moody's Corp.
2.63%, 01/15/23 (Call 12/15/22)		550		569,206
3.25%, 01/15/28 (Call 10/15/27)		107		116,000
4.25%, 02/01/29 (Call 11/01/28)		50		57,274
4.88%, 02/15/24 (Call 11/15/23)		251		277,169
PayPal Holdings Inc.
1.65%, 06/01/25 (Call 05/01/25)		372		384,380
2.20%, 09/26/22		225		230,679
2.30%, 06/01/30 (Call 03/01/30)		235		238,407
2.65%, 10/01/26 (Call 08/01/26)		135		144,639
2.85%, 10/01/29 (Call 07/01/29)		375		398,175
RELX Capital Inc.
3.50%, 03/16/23 (Call 02/16/23)		297		312,426
4.00%, 03/18/29 (Call 12/18/28)		245		275,172
S&P Global Inc.
1.25%, 08/15/30 (Call 05/15/30)		330		306,382
2.50%, 12/01/29 (Call 09/01/29)		124		128,235
2.95%, 01/22/27 (Call 10/22/26)		229		247,609
4.00%, 06/15/25 (Call 03/15/25)		75		83,879
Verisk Analytics Inc.
4.00%, 06/15/25 (Call 03/15/25)		290		321,772
4.13%, 03/15/29 (Call 12/15/28)		55		61,949
Yale University, Series 2020, 1.48%, 04/15/30  (Call 01/15/30)		50		48,604
				7,349,909
Computers — 0.9%
Apple Inc.
0.55%, 08/20/25 (Call 07/20/25)		1,260		1,250,096
0.70%, 02/08/26 (Call 01/08/26)		250		247,930
0.75%, 05/11/23		250		252,555
1.13%, 05/11/25 (Call 04/11/25)		365		370,544
1.25%, 08/20/30 (Call 05/20/30)		240		226,630
1.65%, 05/11/30 (Call 02/11/30)		270		263,642
1.65%, 02/08/31 (Call 11/08/30)		255		246,815
1.70%, 09/11/22		55		56,049
2.05%, 09/11/26 (Call 07/11/26)		100		104,889
2.10%, 09/12/22 (Call 08/12/22)		71		72,645
2.20%, 09/11/29 (Call 06/11/29)		239		245,489
2.40%, 01/13/23 (Call 12/13/22)		280		289,548
2.40%, 05/03/23		722		751,653

9 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Computers (continued)
2.45%, 08/04/26 (Call 05/04/26)	$	378	$	403,307
2.50%, 02/09/25		575		612,818
2.75%, 01/13/25 (Call 11/13/24)		391		419,695
2.85%, 02/23/23 (Call 12/23/22)		769		800,698
2.85%, 05/11/24 (Call 03/11/24)		248		264,948
2.90%, 09/12/27 (Call 06/12/27)		251		273,321
3.00%, 02/09/24 (Call 12/09/23)		351		374,566
3.00%, 11/13/27 (Call 08/13/27)		390		427,553
3.20%, 05/13/25		140		153,247
3.20%, 05/11/27 (Call 02/11/27)		770		851,235
3.25%, 02/23/26 (Call 11/23/25)		654		720,257
3.35%, 02/09/27 (Call 11/09/26)		512		569,190
3.45%, 05/06/24		478		520,293
Dell International LLC/EMC Corp.
4.00%, 07/15/24 (Call 06/15/24)(c)		228		248,192
4.90%, 10/01/26 (Call 08/01/26)(c)		427		491,208
5.30%, 10/01/29 (Call 07/01/29)(c)		342		404,542
6.02%, 06/15/26 (Call 03/15/26)(c)		908		1,083,480
6.20%, 07/15/30 (Call 04/15/30)(c)		210		263,466
DXC Technology Co.
4.13%, 04/15/25 (Call 03/15/25)		235		258,789
4.25%, 04/15/24 (Call 02/15/24)		350		381,258
4.75%, 04/15/27 (Call 01/15/27)		80		91,656
Fortinet Inc.
1.00%, 03/15/26 (Call 02/15/26)		265		261,974
2.20%, 03/15/31 (Call 12/15/30)		210		205,435
Hewlett Packard Enterprise Co.
4.40%, 10/15/22 (Call 08/15/22)		423		442,983
4.45%, 10/02/23 (Call 09/02/23)		655		711,002
4.90%, 10/15/25 (Call 07/15/25)		466		532,256
HP Inc.
2.20%, 06/17/25 (Call 05/17/25)		120		125,488
3.40%, 06/17/30 (Call 03/17/30)		260		277,259
4.05%, 09/15/22		234		244,813
International Business Machines Corp.
1.70%, 05/15/27 (Call 03/15/27)		600		609,438
1.95%, 05/15/30 (Call 02/15/30)		150		147,368
3.00%, 05/15/24		608		651,989
3.30%, 05/15/26		735		809,433
3.38%, 08/01/23		200		213,216
3.45%, 02/19/26		300		331,950
3.50%, 05/15/29.		500		551,940
3.63%, 02/12/24		328		355,440
7.00%, 10/30/25		106		133,616
Leidos Inc.
2.30%, 02/15/31 (Call 11/15/30)(c)		200		192,262
4.38%, 05/15/30 (Call 02/15/30)(c)		35		39,307
NetApp Inc.
2.38%, 06/22/27 (Call 04/22/27)		365		380,801
3.30%, 09/29/24 (Call 07/29/24)		239		257,346
				21,467,520
Cosmetics & Personal Care — 0.2%
Colgate-Palmolive Co.
2.10%, 05/01/23		22		22,788
2.25%, 11/15/22		255		262,675
Estee Lauder Companies Inc. (The)
1.95%, 03/15/31 (Call 12/15/30)		250		245,417
2.00%, 12/01/24 (Call 11/01/24)		190		200,220
2.38%, 12/01/29 (Call 09/01/29)		100		103,165
3.15%, 03/15/27 (Call 12/15/26)		190		210,404

Security	Par (000)		Value
Cosmetics & Personal Care (continued)
Procter & Gamble Co. (The)
0.55%, 10/29/25	$	315	$	312,549
1.00%, 04/23/26		60		60,487
1.20%, 10/29/30		350		329,374
1.95%, 04/23/31		100		100,272
2.15%, 08/11/22		30		30,704
2.45%, 11/03/26		280		300,740
2.70%, 02/02/26		262		284,194
2.80%, 03/25/27		10		10,897
2.85%, 08/11/27		261		286,226
3.00%, 03/25/30		444		484,657
3.10%, 08/15/23		28		29,839
Unilever Capital Corp.
1.38%, 09/14/30 (Call 06/14/30)		325		309,761
2.00%, 07/28/26		275		287,353
2.60%, 05/05/24 (Call 03/05/24)		210		222,913
2.90%, 05/05/27 (Call 02/05/27)		250		271,855
3.25%, 03/07/24 (Call 02/07/24)		240		258,506
				4,624,996
Diversified Financial Services — 1.5%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
2.88%, 08/14/24 (Call 07/14/24)		545		568,413
3.88%, 01/23/28 (Call 10/23/27)		300		317,601
4.13%, 07/03/23 (Call 06/03/23)		330		350,074
4.45%, 10/01/25 (Call 08/01/25)		160		175,685
6.50%, 07/15/25 (Call 06/15/25)		400		467,316
Affiliated Managers Group Inc.
3.50%, 08/01/25		125		136,373
4.25%, 02/15/24		140		153,171
Air Lease Corp.
2.25%, 01/15/23		110		113,024
2.30%, 02/01/25 (Call 01/01/25)		115		118,762
2.63%, 07/01/22 (Call 06/01/22)		245		250,248
2.75%, 01/15/23 (Call 12/15/22)		225		232,574
3.00%, 09/15/23 (Call 07/15/23)		178		186,555
3.00%, 02/01/30 (Call 11/01/29)		125		124,765
3.25%, 03/01/25 (Call 01/01/25)		155		164,562
3.25%, 10/01/29 (Call 07/01/29)		200		205,132
3.63%, 04/01/27 (Call 01/01/27)		140		150,016
3.63%, 12/01/27 (Call 09/01/27)		430		457,464
3.88%, 07/03/23 (Call 06/03/23)		190		201,913
4.25%, 09/15/24 (Call 06/15/24)		226		247,262
4.63%, 10/01/28 (Call 07/01/28)		100		111,787
Aircastle Ltd.
4.13%, 05/01/24 (Call 02/01/24)		50		53,239
4.25%, 06/15/26 (Call 04/15/26)		200		216,608
4.40%, 09/25/23 (Call 08/25/23)		154		165,060
5.00%, 04/01/23		70		74,975
Ally Financial Inc.
1.45%, 10/02/23 (Call 09/02/23)		50		50,778
3.88%, 05/21/24 (Call 04/21/24)		455		493,247
4.63%, 03/30/25		105		118,133
5.80%, 05/01/25 (Call 04/01/25)		89		104,022
American Express Co.
2.50%, 08/01/22 (Call 07/01/22)		324		331,867
2.50%, 07/30/24 (Call 06/30/24)		521		552,870
2.65%, 12/02/22		415		430,064
3.00%, 10/30/24 (Call 09/29/24)		292		315,667
3.13%, 05/20/26 (Call 04/20/26)		275		301,306
3.40%, 02/27/23 (Call 01/27/23)		428		449,867

10 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
3.40%, 02/22/24 (Call 01/22/24)	$	94	$	101,178
3.63%, 12/05/24 (Call 11/04/24)		230		252,344
4.20%, 11/06/25 (Call 10/06/25)		398		452,251
American Express Credit Corp., 3.30%, 05/03/27  (Call 04/03/27)		210		233,499
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)		262		282,685
4.00%, 10/15/23		275		298,174
BGC Partners Inc.
3.75%, 10/01/24 (Call 09/01/24)		19		20,145
5.38%, 07/24/23		185		200,483
Brookfield Finance Inc.
2.72%, 04/15/31 (Call 01/15/31)		300		302,184
3.90%, 01/25/28 (Call 10/25/27)		135		149,344
4.00%, 04/01/24 (Call 02/01/24)		38		41,271
4.25%, 06/02/26 (Call 03/02/26)		100		112,823
4.35%, 04/15/30 (Call 01/15/30)		44		50,145
4.85%, 03/29/29 (Call 12/29/28)		255		296,973
Capital One Financial Corp.
2.60%, 05/11/23 (Call 04/11/23)		425		442,429
3.20%, 01/30/23 (Call 12/30/22)		295		308,384
3.20%, 02/05/25 (Call 01/05/25)		295		318,358
3.30%, 10/30/24 (Call 09/30/24)		265		286,855
3.50%, 06/15/23		360		382,403
3.65%, 05/11/27 (Call 04/11/27)		271		301,618
3.75%, 04/24/24 (Call 03/24/24)		215		233,997
3.75%, 07/28/26 (Call 06/28/26)		269		298,248
3.75%, 03/09/27 (Call 02/09/27)		325		364,231
3.80%, 01/31/28 (Call 12/31/27)		260		291,798
3.90%, 01/29/24 (Call 12/29/23)		165		178,822
4.20%, 10/29/25 (Call 09/29/25)		220		247,366
4.25%, 04/30/25 (Call 03/31/25)		200		224,130
Cboe Global Markets Inc., 1.63%, 12/15/30 (Call 09/15/30)		535		508,352
Charles Schwab Corp. (The)
0.90%, 03/11/26 (Call 02/11/26)		205		204,606
1.15%, 05/13/26 (Call 04/13/26)		300		301,227
1.65%, 03/11/31 (Call 12/11/30)		200		190,458
2.00%, 03/20/28 (Call 01/20/28)		100		101,994
2.30%, 05/13/31 (Call 02/13/31)		200		200,796
2.65%, 01/25/23 (Call 12/25/22)		306		317,328
3.00%, 03/10/25 (Call 12/10/24)		120		129,098
3.20%, 03/02/27 (Call 12/02/26)		199		218,414
3.20%, 01/25/28 (Call 10/25/27)		200		218,860
3.55%, 02/01/24 (Call 01/01/24)		115		124,332
3.85%, 05/21/25 (Call 03/21/25)		150		166,838
4.63%, 03/22/30 (Call 12/22/29)		250		300,055
CME Group Inc.
3.00%, 09/15/22		434		449,446
3.00%, 03/15/25 (Call 12/15/24)		245		264,230
3.75%, 06/15/28 (Call 03/15/28)		103		116,753
Discover Financial Services
3.75%, 03/04/25 (Call 12/04/24)		20		21,891
3.85%, 11/21/22		334		350,904
4.10%, 02/09/27 (Call 11/09/26)		34		38,193
4.50%, 01/30/26 (Call 11/30/25)		23		26,107
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		125		136,786
Franklin Resources Inc.
2.80%, 09/15/22		185		190,883
2.85%, 03/30/25		140		150,035

Security	Par (000)		Value
Diversified Financial Services (continued)
GE Capital Funding LLC
3.45%, 05/15/25 (Call 04/15/25)	$	250	$	272,422
4.40%, 05/15/30 (Call 02/15/30)		690		794,086
GE Capital International Funding Co. Unlimited Co., 3.37%, 11/15/25		575		628,952
Intercontinental Exchange Inc.
2.10%, 06/15/30 (Call 03/15/30)		400		393,556
3.10%, 09/15/27 (Call 06/15/27)		170		185,596
3.45%, 09/21/23 (Call 08/21/23)		230		245,168
3.75%, 12/01/25 (Call 09/01/25)		557		619,740
3.75%, 09/21/28 (Call 06/21/28)		10		11,174
4.00%, 10/15/23		253		273,941
International Lease Finance Corp., 5.88%, 08/15/22		104		110,519
Invesco Finance PLC
3.13%, 11/30/22		155		161,330
3.75%, 01/15/26		65		72,201
4.00%, 01/30/24		140		152,400
Janus Capital Group Inc., 4.88%, 08/01/25 (Call 05/01/25)		130		147,871
Jefferies Financial Group Inc., 5.50%, 10/18/23  (Call 01/18/23)		155		167,042
Jefferies Group LLC
5.13%, 01/20/23		238		255,455
6.45%, 06/08/27		25		31,247
Jefferies Group LLC/Jefferies Group Capital Finance Inc.
4.15%, 01/23/30		180		199,946
4.85%, 01/15/27		465		541,869
Lazard Group LLC
3.75%, 02/13/25		160		175,106
4.38%, 03/11/29 (Call 12/11/28)		160		180,381
4.50%, 09/19/28 (Call 06/19/28)		140		162,257
Legg Mason Inc., 4.75%, 03/15/26		78		90,605
Mastercard Inc.
1.90%, 03/15/31 (Call 12/15/30)		245		243,574
2.00%, 03/03/25 (Call 02/03/25)		37		38,820
2.95%, 11/21/26 (Call 08/21/26)		328		357,858
2.95%, 06/01/29 (Call 03/01/29)		245		264,784
3.30%, 03/26/27 (Call 01/26/27)		130		144,478
3.35%, 03/26/30 (Call 12/26/29)		322		358,470
3.38%, 04/01/24		273		295,741
3.50%, 02/26/28 (Call 11/26/27)		110		122,791
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)		360		336,413
3.85%, 06/30/26 (Call 03/30/26)		160		178,880
Nomura Holdings Inc.
1.85%, 07/16/25		212		215,837
2.65%, 01/16/25		425		446,462
3.10%, 01/16/30		230		237,443
ORIX Corp.
2.90%, 07/18/22		170		174,678
3.25%, 12/04/24		255		275,515
3.70%, 07/18/27		50		55,922
4.05%, 01/16/24		200		217,508
Private Export Funding Corp., Series EE, 2.80%, 05/15/22		90		92,102
Raymond James Financial Inc., 4.65%, 04/01/30  (Call 01/01/30)		50		59,308
Stifel Financial Corp., 4.25%, 07/18/24		193		213,290
Synchrony Financial
2.85%, 07/25/22 (Call 06/25/22)		92		94,231
3.70%, 08/04/26 (Call 05/04/26)		104		113,940
3.95%, 12/01/27 (Call 09/01/27)		250		276,437

11 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Diversified Financial Services (continued)
4.25%, 08/15/24 (Call 05/15/24)	$	385	$	422,018
4.38%, 03/19/24 (Call 02/19/24)		233		255,293
4.50%, 07/23/25 (Call 04/23/25)		285		319,687
Visa Inc.
1.10%, 02/15/31 (Call 11/15/30)		750		697,935
1.90%, 04/15/27 (Call 02/15/27)		10		10,365
2.05%, 04/15/30 (Call 01/15/30)		4		4,057
2.15%, 09/15/22 (Call 08/15/22)		56		57,314
2.75%, 09/15/27 (Call 06/15/27)		171		185,159
2.80%, 12/14/22 (Call 10/14/22)		525		543,543
3.15%, 12/14/25 (Call 09/14/25)		659		723,187
Western Union Co. (The)
1.35%, 03/15/26 (Call 02/15/26)		300		298,875
2.75%, 03/15/31 (Call 12/15/30)		300		294,816
				34,289,719
Electric — 1.7%
Alabama Power Co., Series 20-A, 1.45%, 09/15/30  (Call 06/15/30)		260		245,099
Ameren Corp.
2.50%, 09/15/24 (Call 08/15/24)		38		40,069
3.65%, 02/15/26 (Call 11/15/25)		140		154,113
Ameren Illinois Co.
2.70%, 09/01/22 (Call 06/01/22)		150		153,620
3.25%, 03/01/25 (Call 12/01/24)		46		49,630
3.80%, 05/15/28 (Call 02/15/28)		15		16,800
American Electric Power Co. Inc.
2.30%, 03/01/30 (Call 12/01/29)		268		266,336
Series J, 4.30%, 12/01/28 (Call 09/01/28)		214		244,448
Arizona Public Service Co.
2.95%, 09/15/27 (Call 06/15/27)		155		168,104
3.15%, 05/15/25 (Call 02/15/25)		30		32,347
Atlantic City Electric Co., 4.00%, 10/15/28 (Call 07/15/28)		160		180,984
Avangrid Inc.
3.15%, 12/01/24 (Call 10/01/24)		266		286,245
3.80%, 06/01/29 (Call 03/01/29)		101		112,535
Baltimore Gas & Electric Co., 3.35%, 07/01/23  (Call 04/01/23)		165		173,958
Berkshire Hathaway Energy Co.
1.65%, 05/15/31 (Call 02/15/31)		240		227,892
3.25%, 04/15/28 (Call 01/15/28)		35		38,225
3.50%, 02/01/25 (Call 11/01/24)		70		76,047
3.75%, 11/15/23 (Call 08/15/23)		39		41,876
4.05%, 04/15/25 (Call 03/15/25)		21		23,433
Black Hills Corp.
3.05%, 10/15/29 (Call 07/15/29)		105		110,536
4.25%, 11/30/23 (Call 08/30/23)		335		361,964
CenterPoint Energy Houston Electric LLC
2.25%, 08/01/22 (Call 05/01/22)		190		193,412
Series AA, 3.00%, 02/01/27 (Call 11/01/26)		100		108,253
CenterPoint Energy Inc.
1.45%, 06/01/26 (Call 05/01/26)		50		50,268
2.50%, 09/01/22 (Call 08/01/22)		105		107,574
2.50%, 09/01/24 (Call 08/01/24)		61		64,160
2.65%, 06/01/31 (Call 03/01/31)		85		85,613
4.25%, 11/01/28 (Call 08/01/28)		130		147,437
Cleco Corporate Holdings LLC, 3.74%, 05/01/26  (Call 02/01/26)		170		186,942
Commonwealth Edison Co.
2.55%, 06/15/26 (Call 03/15/26)		60		63,989
3.70%, 08/15/28 (Call 05/15/28)		165		186,777

Security	Par (000)		Value
Electric (continued)
Series 122, 2.95%, 08/15/27 (Call 05/15/27)	$	140	$	151,848
Connecticut Light & Power Co. (The), Series A, 3.20%, 03/15/27 (Call 12/15/26)		10		10,989
Consolidated Edison Co. of New York Inc.
3.80%, 05/15/28 (Call 02/15/28)		150		167,392
Series 20A, 3.35%, 04/01/30 (Call 01/01/30)		70		76,231
Series B, 3.13%, 11/15/27 (Call 08/15/27)		25		27,195
Series D, 4.00%, 12/01/28 (Call 09/01/28)		176		199,589
Consumers Energy Co.
3.38%, 08/15/23 (Call 05/15/23)		205		216,988
3.80%, 11/15/28 (Call 08/15/28)		213		240,287
Delmarva Power & Light Co., 3.50%, 11/15/23  (Call 08/15/23)		35		37,439
Dominion Energy Inc.
3.90%, 10/01/25 (Call 07/01/25)		204		226,642
4.25%, 06/01/28 (Call 03/01/28)		229		261,571
Series D, 2.85%, 08/15/26 (Call 05/15/26)		224		239,344
DTE Electric Co., Series A, 1.90%, 04/01/28 (Call 02/01/28)		200		202,908
DTE Energy Co.
2.25%, 11/01/22		150		153,968
2.85%, 10/01/26 (Call 07/01/26)		255		273,472
3.80%, 03/15/27 (Call 12/15/26)		230		257,584
Series B, 3.30%, 06/15/22 (Call 04/15/22)		122		125,198
Series C, 3.40%, 06/15/29 (Call 03/15/29)		128		138,628
Series C, 3.50%, 06/01/24 (Call 03/01/24)		265		284,419
Series D, 3.70%, 08/01/23 (Call 07/01/23)		180		192,022
Series F, 1.05%, 06/01/25 (Call 05/01/25)		305		304,884
Duke Energy Carolinas LLC
2.45%, 08/15/29 (Call 05/15/29)		150		154,120
2.45%, 02/01/30 (Call 11/01/29)		200		205,220
2.50%, 03/15/23 (Call 01/15/23)		225		233,111
2.55%, 04/15/31 (Call 01/15/31)		200		205,824
3.05%, 03/15/23 (Call 02/15/23)		167		174,953
3.95%, 11/15/28 (Call 08/15/28)		60		68,471
Duke Energy Corp.
0.90%, 09/15/25 (Call 08/15/25)		212		210,527
2.45%, 06/01/30 (Call 03/01/30)		290		290,186
2.65%, 09/01/26 (Call 06/01/26)		204		216,014
3.05%, 08/15/22 (Call 05/15/22)		155		158,897
3.15%, 08/15/27 (Call 05/15/27)		160		173,926
3.40%, 06/15/29 (Call 03/15/29)		125		135,584
3.75%, 04/15/24 (Call 01/15/24)		495		534,882
Duke Energy Florida LLC
2.50%, 12/01/29 (Call 09/01/29)		105		109,033
3.20%, 01/15/27 (Call 10/15/26)		40		43,836
3.80%, 07/15/28 (Call 04/15/28)		185		207,485
Duke Energy Ohio Inc., 2.13%, 06/01/30 (Call 03/01/30)		180		179,093
Duke Energy Progress LLC
3.45%, 03/15/29 (Call 12/15/28)		136		149,459
3.70%, 09/01/28 (Call 06/01/28)		115		128,563
Edison International
2.40%, 09/15/22 (Call 08/15/22)		228		232,692
2.95%, 03/15/23 (Call 01/15/23)		125		129,373
3.13%, 11/15/22 (Call 10/15/22)		49		50,563
3.55%, 11/15/24 (Call 10/15/24)		202		217,160
4.13%, 03/15/28 (Call 12/15/27)		242		257,713
5.75%, 06/15/27 (Call 04/15/27)		162		186,982
Emera U.S. Finance LP
2.64%, 06/15/31 (Call 03/15/31)(c)		300		298,716
3.55%, 06/15/26 (Call 03/15/26)		195		213,324

12 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28)	$	100	$	115,239
Entergy Arkansas LLC
3.50%, 04/01/26 (Call 01/01/26)		140		154,787
3.70%, 06/01/24 (Call 03/01/24)		225		243,835
Entergy Corp.
2.40%, 06/15/31 (Call 03/05/31)		200		197,378
2.80%, 06/15/30 (Call 03/15/30)		150		154,002
2.95%, 09/01/26 (Call 06/01/26)		277		296,997
4.00%, 07/15/22 (Call 05/15/22)		83		85,871
Entergy Louisiana LLC
1.60%, 12/15/30 (Call 09/15/30)		260		246,223
3.25%, 04/01/28 (Call 01/01/28)		200		217,664
Entergy Texas Inc., 4.00%, 03/30/29 (Call 12/30/28)		118		132,036
Evergy Inc.
2.45%, 09/15/24 (Call 08/15/24)		124		130,025
2.90%, 09/15/29 (Call 06/15/29)		160		165,627
Evergy Kansas Central Inc.
2.55%, 07/01/26 (Call 04/01/26)		35		37,046
3.10%, 04/01/27 (Call 01/01/27)		130		141,073
Evergy Metro Inc., 3.65%, 08/15/25 (Call 05/15/25)		160		175,906
Eversource Energy
2.80%, 05/01/23 (Call 02/01/23)		60		62,309
Series L, 2.90%, 10/01/24 (Call 08/01/24)		140		149,085
Series M, 3.30%, 01/15/28 (Call 10/15/27)		85		92,221
Series N, 3.80%, 12/01/23 (Call 11/01/23)		212		228,320
Series Q, 0.80%, 08/15/25 (Call 07/15/25)		240		237,552
Series R, 1.65%, 08/15/30 (Call 05/15/30)		379		357,628
Exelon Corp.
3.40%, 04/15/26 (Call 01/15/26)		270		295,105
3.95%, 06/15/25 (Call 03/15/25)		132		145,852
4.05%, 04/15/30 (Call 01/15/30)		284		319,202
Exelon Generation Co. LLC
3.25%, 06/01/25 (Call 05/01/25)		25		26,965
4.25%, 06/15/22 (Call 03/15/22)		111		114,236
Florida Power & Light Co.
2.85%, 04/01/25 (Call 03/01/25)		250		268,582
3.25%, 06/01/24 (Call 12/01/23)		260		278,538
Fortis Inc./Canada, 3.06%, 10/04/26 (Call 07/04/26)		235		253,088
Georgia Power Co.
3.25%, 03/30/27 (Call 12/30/26)		125		135,598
Series A, 2.10%, 07/30/23		27		27,974
Series A, 2.20%, 09/15/24 (Call 08/15/24)		65		67,950
Series B, 2.65%, 09/15/29 (Call 06/15/29)		169		175,834
Gulf Power Co., Series A, 3.30%, 05/30/27 (Call 02/28/27)		130		143,263
Interstate Power & Light Co.
3.25%, 12/01/24 (Call 09/01/24)		160		172,779
4.10%, 09/26/28 (Call 06/26/28)		110		125,499
IPALCO Enterprises Inc., 4.25%, 05/01/30 (Call 02/01/30)		20		22,326
ITC Holdings Corp.
2.70%, 11/15/22 (Call 10/15/22)		125		128,815
3.25%, 06/30/26 (Call 03/30/26)		55		59,808
3.35%, 11/15/27 (Call 08/15/27)		160		174,986
MidAmerican Energy Co.
3.10%, 05/01/27 (Call 02/01/27)		8		8,778
3.50%, 10/15/24 (Call 07/15/24)		134		145,859
3.65%, 04/15/29 (Call 01/15/29)		359		403,462
National Rural Utilities Cooperative Finance Corp.
2.40%, 03/15/30 (Call 12/15/29)		185		188,961
2.70%, 02/15/23 (Call 12/15/22)		150		155,512
2.85%, 01/27/25 (Call 10/27/24)		47		50,172

Security	Par (000)		Value
Electric (continued)
2.95%, 02/07/24 (Call 12/07/23)	$	40	$	42,415
3.05%, 04/25/27 (Call 01/25/27)		36		39,105
3.25%, 11/01/25 (Call 08/01/25)		150		163,543
3.40%, 11/15/23 (Call 08/15/23)		50		53,320
3.70%, 03/15/29 (Call 12/15/28)		125		139,083
3.90%, 11/01/28 (Call 08/01/28)		50		56,385
Nevada Power Co.
Series CC, 3.70%, 05/01/29 (Call 02/01/29)		59		65,742
Series DD, 2.40%, 05/01/30 (Call 02/01/30)		307		310,939
NextEra Energy Capital Holdings Inc.
2.25%, 06/01/30 (Call 03/01/30)		425		423,750
2.75%, 11/01/29 (Call 08/01/29)		364		380,216
3.15%, 04/01/24 (Call 03/01/24)		750		803,115
3.50%, 04/01/29 (Call 01/01/29)		105		115,177
3.55%, 05/01/27 (Call 02/01/27)		356		394,793
4.80%, 12/01/77 (Call 12/01/27)(b)		160		178,466
Northern States Power Co./MN
2.15%, 08/15/22 (Call 02/15/22)		198		200,661
2.25%, 04/01/31 (Call 10/01/30)		190		193,103
NSTAR Electric Co.
2.38%, 10/15/22 (Call 07/15/22)		180		184,109
3.20%, 05/15/27 (Call 02/15/27)		195		213,640
3.25%, 05/15/29 (Call 02/15/29)		170		185,346
Ohio Power Co.
Series P, 2.60%, 04/01/30 (Call 01/01/30)		200		207,014
Series Q, 1.63%, 01/15/31 (Call 10/15/30)		300		283,860
Oklahoma Gas & Electric Co., 3.80%, 08/15/28  (Call 02/15/28)		120		133,216
Oncor Electric Delivery Co. LLC
2.75%, 06/01/24 (Call 05/01/24)		76		80,836
2.75%, 05/15/30 (Call 02/15/30)		20		21,101
2.95%, 04/01/25 (Call 01/01/25)		50		53,544
3.70%, 11/15/28 (Call 08/15/28)		55		61,853
5.75%, 03/15/29 (Call 12/15/28)		10		12,522
7.00%, 09/01/22		385		417,201
Series WI, 0.55%, 10/01/25 (Call 09/01/25)		335		328,471
Pacific Gas & Electric Co.
2.10%, 08/01/27 (Call 06/01/27)		222		214,277
2.50%, 02/01/31 (Call 11/01/30)		303		280,899
3.15%, 01/01/26		368		381,682
4.55%, 07/01/30 (Call 01/01/30)		625		658,687
Pacific Gas and Electric Co., 3.25%, 06/01/31  (Call 03/01/31)		600		587,808
Potomac Electric Power Co., 3.60%, 03/15/24  (Call 12/15/23)		190		204,476
PPL Capital Funding Inc.
3.10%, 05/15/26 (Call 02/15/26)		247		266,622
3.95%, 03/15/24 (Call 12/15/23)		168		181,692
4.13%, 04/15/30 (Call 01/15/30)		236		267,692
4.20%, 06/15/22 (Call 03/15/22)		254		261,153
PSEG Power LLC, 3.85%, 06/01/23 (Call 05/01/23)		292		310,901
Public Service Co. of Colorado
3.70%, 06/15/28 (Call 12/15/27)		105		117,453
Series 35, 1.90%, 01/15/31 (Call 07/15/30)		275		270,836
Public Service Co. of New Hampshire, 3.50%, 11/01/23  (Call 08/01/23)		125		133,444
Public Service Electric & Gas Co.
2.25%, 09/15/26 (Call 06/15/26)		171		180,253
2.38%, 05/15/23 (Call 02/15/23)		160		165,965
3.00%, 05/15/27 (Call 02/15/27)		100		108,700

13 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Electric (continued)
3.25%, 09/01/23 (Call 08/01/23)	$	166	$	176,254
3.70%, 05/01/28 (Call 02/01/28)		125		140,529
Public Service Enterprise Group Inc.
0.80%, 08/15/25 (Call 07/15/25)		90		89,348
2.65%, 11/15/22 (Call 10/15/22)		25		25,803
2.88%, 06/15/24 (Call 05/15/24)		135		143,475
Puget Energy Inc., 3.65%, 05/15/25 (Call 02/15/25)		270		292,029
San Diego Gas & Electric Co., Series VVV, 1.70%, 10/01/30  (Call 07/01/30)		250		239,242
Sempra Energy
2.88%, 10/01/22 (Call 07/01/22)		104		106,727
3.25%, 06/15/27 (Call 03/15/27)		233		253,746
3.40%, 02/01/28 (Call 11/01/27)		214		233,737
3.75%, 11/15/25 (Call 08/15/25)		160		176,482
Sierra Pacific Power Co., 2.60%, 05/01/26 (Call 02/01/26)		158		168,354
Southern California Edison Co.
2.25%, 06/01/30 (Call 03/01/30)		60		58,891
2.85%, 08/01/29 (Call 05/01/29)		114		117,719
Series A, 4.20%, 03/01/29 (Call 12/01/28)		150		168,141
Series B, 3.65%, 03/01/28 (Call 12/01/27)		33		36,070
Series D, 3.40%, 06/01/23 (Call 05/01/23)		195		205,382
Series E, 3.70%, 08/01/25 (Call 06/01/25)		40		43,861
Southern Co. (The)
2.95%, 07/01/23 (Call 05/01/23)		733		767,084
3.25%, 07/01/26 (Call 04/01/26)		470		511,054
Series A, 3.70%, 04/30/30 (Call 01/30/30)		74		81,077
Southern Power Co., 4.15%, 12/01/25 (Call 09/01/25)		205		230,449
Southwestern Electric Power Co., Series M, 4.10%, 09/15/28 (Call 06/15/28)		180		202,788
Tucson Electric Power Co., 3.05%, 03/15/25  (Call 12/15/24)		100		107,481
Union Electric Co.
2.95%, 06/15/27 (Call 03/15/27)		30		32,437
2.95%, 03/15/30 (Call 12/15/29)		6		6,365
3.50%, 04/15/24 (Call 01/15/24)		75		80,545
3.50%, 03/15/29 (Call 12/15/28)		73		80,556
Virginia Electric & Power Co.
3.45%, 02/15/24 (Call 11/15/23)		200		214,432
Series A, 2.88%, 07/15/29 (Call 04/15/29)		175		186,377
Series A, 3.10%, 05/15/25 (Call 02/15/25)		225		241,945
Series A, 3.15%, 01/15/26 (Call 10/15/25)		290		316,976
Series A, 3.50%, 03/15/27 (Call 12/15/26)		115		127,803
Series A, 3.80%, 04/01/28 (Call 01/01/28)		210		235,836
Series B, 2.95%, 11/15/26 (Call 08/15/26)		200		216,906
Series C, 2.75%, 03/15/23 (Call 12/15/22)		215		223,198
WEC Energy Group Inc., 3.55%, 06/15/25 (Call 03/15/25)		29		31,745
Wisconsin Electric Power Co., 2.05%, 12/15/24  (Call 11/15/24)		111		116,542
Wisconsin Power & Light Co., 3.05%, 10/15/27  (Call 07/15/27)		155		168,452
Xcel Energy Inc.
2.60%, 12/01/29 (Call 06/01/29)		235		242,877
3.35%, 12/01/26 (Call 06/01/26)		267		292,560
				38,389,300
Electrical Components & Equipment — 0.0%
Emerson Electric Co.
0.88%, 10/15/26 (Call 09/15/26)		120		118,099
2.63%, 02/15/23 (Call 11/15/22)		315		325,867

Security	Par (000)		Value
Electrical Components & Equipment (continued)
3.15%, 06/01/25 (Call 03/01/25)	$	140	$	152,088
				596,054
Electronics — 0.3%
Agilent Technologies Inc.
2.30%, 03/12/31 (Call 12/12/30)		275		271,326
3.88%, 07/15/23 (Call 04/15/23)		465		494,216
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)		250		268,482
Amphenol Corp., 2.80%, 02/15/30 (Call 11/15/29)		320		332,387
Arrow Electronics Inc.
3.25%, 09/08/24 (Call 07/08/24)		311		333,305
4.00%, 04/01/25 (Call 01/01/25)		125		136,329
Avnet Inc.
3.00%, 05/15/31 (Call 02/15/31)		200		196,612
4.63%, 04/15/26 (Call 01/15/26)		124		140,353
4.88%, 12/01/22		121		128,432
Flex Ltd.
4.88%, 06/15/29 (Call 03/15/29)		100		114,342
4.88%, 05/12/30 (Call 02/12/30)		15		17,271
5.00%, 02/15/23		245		262,206
Fortive Corp., 3.15%, 06/15/26 (Call 03/15/26)		340		370,607
Honeywell International Inc.
1.35%, 06/01/25 (Call 05/01/25)		185		189,277
2.50%, 11/01/26 (Call 08/01/26)		415		444,544
2.70%, 08/15/29 (Call 05/15/29)		230		243,890
3.35%, 12/01/23		150		161,173
Hubbell Inc.
3.35%, 03/01/26 (Call 12/01/25)		140		152,037
3.50%, 02/15/28 (Call 11/15/27)		165		179,065
Jabil Inc.
3.00%, 01/15/31 (Call 10/15/30)		110		112,063
3.60%, 01/15/30 (Call 10/15/29)		96		103,283
3.95%, 01/12/28 (Call 10/12/27)		105		116,705
4.70%, 09/15/22		67		70,692
Keysight Technologies Inc.
3.00%, 10/30/29 (Call 07/30/29)		242		252,796
4.55%, 10/30/24 (Call 07/30/24)		172		192,053
4.60%, 04/06/27 (Call 01/06/27)		119		137,726
Legrand France SA, 8.50%, 02/15/25		315		401,779
Trimble Inc.
4.15%, 06/15/23 (Call 05/15/23)		40		42,612
4.90%, 06/15/28 (Call 03/15/28)		160		184,986
Tyco Electronics Group SA
3.13%, 08/15/27 (Call 05/15/27)		100		108,061
3.70%, 02/15/26 (Call 11/15/25)		165		181,231
				6,339,841
Environmental Control — 0.1%
Republic Services Inc.
1.45%, 02/15/31 (Call 11/15/30)		330		304,243
2.30%, 03/01/30 (Call 12/01/29)		174		174,320
2.50%, 08/15/24 (Call 07/15/24)		172		181,639
2.90%, 07/01/26 (Call 04/01/26)		40		43,092
3.20%, 03/15/25 (Call 12/15/24)		100		107,991
3.38%, 11/15/27 (Call 08/15/27)		35		38,520
3.95%, 05/15/28 (Call 02/15/28)		131		147,663
4.75%, 05/15/23 (Call 02/15/23)		101		108,452
Waste Connections Inc.
2.60%, 02/01/30 (Call 11/01/29)		129		131,890
3.50%, 05/01/29 (Call 02/01/29)		222		242,182
4.25%, 12/01/28 (Call 09/01/28)		95		108,834

14 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Environmental Control (continued)
Waste Management Inc.
1.15%, 03/15/28 (Call 01/15/28)	$	125	$	120,652
2.00%, 06/01/29 (Call 04/01/29)		130		130,654
2.40%, 05/15/23 (Call 03/15/23)		210		217,789
2.90%, 09/15/22 (Call 06/15/22)		145		148,889
3.15%, 11/15/27 (Call 08/15/27)		295		321,919
				2,528,729
Food — 0.5%
Campbell Soup Co.
3.30%, 03/19/25 (Call 12/19/24)		203		219,390
3.65%, 03/15/23 (Call 02/15/23)		226		238,448
3.95%, 03/15/25 (Call 01/15/25)		180		198,871
4.15%, 03/15/28 (Call 12/15/27)		251		284,478
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		25		24,363
3.20%, 01/25/23 (Call 10/25/22)		92		95,541
4.30%, 05/01/24 (Call 04/01/24)		298		329,201
4.60%, 11/01/25 (Call 09/01/25)		314		359,624
4.85%, 11/01/28 (Call 08/01/28)		225		265,768
Flowers Foods Inc., 2.40%, 03/15/31 (Call 12/15/30)		50		49,561
General Mills Inc.
2.60%, 10/12/22 (Call 09/12/22)		284		292,037
2.88%, 04/15/30 (Call 01/15/30)		40		41,880
3.20%, 02/10/27 (Call 11/10/26)		287		314,299
3.65%, 02/15/24 (Call 11/15/23)		285		307,931
4.00%, 04/17/25 (Call 02/17/25)		273		303,284
4.20%, 04/17/28 (Call 01/17/28)		345		395,001
Hershey Co. (The)
2.05%, 11/15/24 (Call 10/15/24)		105		110,446
2.30%, 08/15/26 (Call 05/15/26)		176		187,234
2.45%, 11/15/29 (Call 08/15/29)		50		51,912
3.38%, 05/15/23 (Call 04/15/23)		213		225,201
Hormel Foods Corp.
1.70%, 06/03/28 (Call 04/03/28)		300		300,045
1.80%, 06/11/30 (Call 03/11/30)		40		39,098
Ingredion Inc., 3.20%, 10/01/26 (Call 07/01/26)		150		163,042
JM Smucker Co. (The)
3.38%, 12/15/27 (Call 09/15/27)		50		55,149
3.50%, 03/15/25		410		448,384
Kellogg Co.
2.65%, 12/01/23		211		222,508
3.25%, 04/01/26		175		191,466
3.40%, 11/15/27 (Call 08/15/27)		230		253,074
4.30%, 05/15/28 (Call 02/15/28)		125		143,744
Kroger Co. (The)
1.70%, 01/15/31 (Call 10/15/30)		420		397,148
2.65%, 10/15/26 (Call 07/15/26)		165		175,613
2.80%, 08/01/22 (Call 07/01/22)		184		188,961
3.50%, 02/01/26 (Call 11/01/25)		24		26,440
3.70%, 08/01/27 (Call 05/01/27)		85		95,029
3.85%, 08/01/23 (Call 05/01/23)		195		207,907
4.00%, 02/01/24 (Call 11/01/23)		125		135,453
4.50%, 01/15/29 (Call 10/15/28)		140		163,709
McCormick & Co. Inc./MD
0.90%, 02/15/26 (Call 01/15/26)		480		473,290
1.85%, 02/15/31 (Call 11/15/30)		170		162,178
2.70%, 08/15/22 (Call 07/15/22)		120		123,187
3.40%, 08/15/27 (Call 05/15/27)		252		277,681
Mondelez International Inc.
1.50%, 05/04/25 (Call 04/04/25)		368		376,298

Security	Par (000)		Value
Food (continued)
1.50%, 02/04/31 (Call 11/04/30)	$	185	$	172,326
2.75%, 04/13/30 (Call 01/13/30)		410		425,391
Sysco Corp.
2.60%, 06/12/22		150		153,399
3.25%, 07/15/27 (Call 04/15/27)		186		202,614
3.30%, 07/15/26 (Call 04/15/26)		396		432,907
3.55%, 03/15/25 (Call 01/15/25)		160		174,904
3.75%, 10/01/25 (Call 07/01/25)		265		293,162
5.65%, 04/01/25 (Call 03/01/25)		130		151,847
5.95%, 04/01/30 (Call 01/01/30)		25		31,894
Tyson Foods Inc.
3.55%, 06/02/27 (Call 03/02/27)		413		457,397
3.90%, 09/28/23 (Call 08/28/23)		98		105,385
3.95%, 08/15/24 (Call 05/15/24)		324		354,650
4.00%, 03/01/26 (Call 01/01/26)		330		370,217
4.35%, 03/01/29 (Call 12/01/28)		167		193,147
4.50%, 06/15/22 (Call 03/15/22)		241		248,835
				12,681,949
Forest Products & Paper — 0.0%
Fibria Overseas Finance Ltd., 5.50%, 01/17/27		55		63,183
Georgia-Pacific LLC, 8.00%, 01/15/24		270		321,915
International Paper Co., 3.80%, 01/15/26 (Call 10/15/25)		192		214,779
Suzano Austria GmbH, 6.00%, 01/15/29 (Call 10/15/28)		325		384,709
				984,586
Gas — 0.2%
Atmos Energy Corp.
1.50%, 01/15/31 (Call 10/15/30)		35		32,687
2.63%, 09/15/29 (Call 06/15/29)		70		72,585
3.00%, 06/15/27 (Call 03/15/27)		60		65,080
CenterPoint Energy Resources Corp.
1.75%, 10/01/30 (Call 07/01/30)		180		169,164
3.55%, 04/01/23 (Call 03/01/23)		190		200,425
4.00%, 04/01/28 (Call 01/01/28)		135		151,019
Eastern Energy Gas Holdings LLC
3.60%, 12/15/24 (Call 09/15/24)		90		98,382
Series A, 2.50%, 11/15/24 (Call 10/15/24)		203		214,549
Series B, 3.00%, 11/15/29 (Call 08/15/29)		139		145,689
National Fuel Gas Co.
3.75%, 03/01/23 (Call 12/01/22)		200		209,274
4.75%, 09/01/28 (Call 06/01/28)		110		123,278
5.20%, 07/15/25 (Call 04/15/25)		130		146,655
NiSource Inc.
1.70%, 02/15/31 (Call 11/15/30)		255		238,886
2.95%, 09/01/29 (Call 06/01/29)		287		301,112
3.49%, 05/15/27 (Call 02/15/27)		340		375,020
ONE Gas Inc., 3.61%, 02/01/24 (Call 11/01/23)		60		63,692
Piedmont Natural Gas Co. Inc., 3.50%, 06/01/29  (Call 03/01/29)		217		236,868
Southern California Gas Co.
Series TT, 2.60%, 06/15/26 (Call 03/15/26)		185		196,596
Series XX, 2.55%, 02/01/30 (Call 11/01/29)		225		230,958
Southern Co. Gas Capital Corp.
2.45%, 10/01/23 (Call 08/01/23)		300		312,615
Series 2020-A, 1.75%, 01/15/31 (Call 10/15/30)		285		267,213
Southwest Gas Corp., 3.70%, 04/01/28 (Call 01/01/28)		70		76,733
				3,928,480

15 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Hand & Machine Tools — 0.0%
Kennametal Inc.
2.80%, 03/01/31 (Call 12/01/30)	$	125	$	124,560
4.63%, 06/15/28 (Call 03/15/28)		100		112,787
Stanley Black & Decker Inc.
2.30%, 03/15/30 (Call 12/15/29)		155		158,449
3.40%, 03/01/26 (Call 01/01/26)		185		204,863
4.00%, 03/15/60 (Call 03/15/25)(b)		125		132,866
4.25%, 11/15/28 (Call 08/15/28)		60		69,421
				802,946
Health Care - Products — 0.4%
Abbott Laboratories
1.15%, 01/30/28 (Call 11/30/27)		20		19,548
1.40%, 06/30/30 (Call 03/30/30)		156		148,796
2.95%, 03/15/25 (Call 12/15/24)		300		323,631
3.40%, 11/30/23 (Call 09/30/23)		353		377,957
3.75%, 11/30/26 (Call 08/30/26)		360		407,923
3.88%, 09/15/25 (Call 06/15/25)		50		55,941
Baxter International Inc.
2.60%, 08/15/26 (Call 05/15/26)		430		460,293
3.95%, 04/01/30 (Call 01/01/30)		90		102,244
Boston Scientific Corp.
1.90%, 06/01/25 (Call 05/01/25)		330		341,741
2.65%, 06/01/30 (Call 03/01/30)		130		132,461
3.45%, 03/01/24 (Call 02/01/24)		545		585,286
3.75%, 03/01/26 (Call 01/01/26)		242		269,414
3.85%, 05/15/25		164		181,848
4.00%, 03/01/29 (Call 12/01/28)		196		220,843
Danaher Corp., 3.35%, 09/15/25 (Call 06/15/25)		24		26,345
DH Europe Finance II Sarl
2.05%, 11/15/22		29		29,712
2.20%, 11/15/24 (Call 10/15/24)		390		409,438
2.60%, 11/15/29 (Call 08/15/29)		130		134,614
Edwards Lifesciences Corp., 4.30%, 06/15/28  (Call 03/15/28)		104		119,098
Medtronic Global Holdings SCA, 3.35%, 04/01/27  (Call 01/01/27)		175		194,017
Medtronic Inc., 3.50%, 03/15/25		454		501,329
PerkinElmer Inc., 3.30%, 09/15/29 (Call 06/15/29)		175		187,304
Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30)		425		408,604
STERIS Irish FinCo UnLtd Co., 2.70%, 03/15/31  (Call 12/15/30)		350		352,076
Stryker Corp.
1.95%, 06/15/30 (Call 03/15/30)		215		209,367
3.38%, 05/15/24 (Call 02/15/24)		313		338,403
3.38%, 11/01/25 (Call 08/01/25)		292		320,047
3.50%, 03/15/26 (Call 12/15/25)		188		207,659
Thermo Fisher Scientific Inc.
2.60%, 10/01/29 (Call 07/01/29)		25		25,929
2.95%, 09/19/26 (Call 06/19/26)		632		684,064
3.20%, 08/15/27 (Call 05/15/27)		180		196,819
3.65%, 12/15/25 (Call 09/15/25)		175		193,779
4.13%, 03/25/25 (Call 02/25/25)		40		44,629
4.50%, 03/25/30 (Call 12/25/29)		334		393,856
Zimmer Biomet Holdings Inc.
3.55%, 04/01/25 (Call 01/01/25)		310		338,204
3.55%, 03/20/30 (Call 12/20/29)		215		233,200
3.70%, 03/19/23 (Call 02/19/23)		155		163,434
				9,339,853

Security	Par (000)		Value
Health Care - Services — 0.6%
Advocate Health & Hospitals Corp., 3.83%, 08/15/28  (Call 05/15/28)	$	160	$	179,790
Aetna Inc.
2.75%, 11/15/22 (Call 08/15/22)		443		455,785
2.80%, 06/15/23 (Call 04/15/23)		430		448,877
3.50%, 11/15/24 (Call 08/15/24)		244		265,357
Anthem Inc.
1.50%, 03/15/26 (Call 02/15/26)		350		354,928
2.25%, 05/15/30 (Call 02/15/30)		234		232,949
2.55%, 03/15/31 (Call 12/15/30)		225		228,998
2.88%, 09/15/29 (Call 06/15/29)		314		330,325
2.95%, 12/01/22 (Call 11/01/22)		290		300,742
3.30%, 01/15/23		250		261,823
3.35%, 12/01/24 (Call 10/01/24)		215		233,434
3.50%, 08/15/24 (Call 05/15/24)		250		270,925
4.10%, 03/01/28 (Call 12/01/27)		320		362,989
Ascension Health, Series B, 2.53%, 11/15/29  (Call 08/15/29)		131		136,510
Banner Health, 2.34%, 01/01/30 (Call 10/01/29)		175		177,210
Baylor Scott & White Holdings, Series 2021, 1.78%, 11/15/30 (Call 05/15/30)		80		77,332
CommonSpirit Health
2.76%, 10/01/24 (Call 07/01/24)		45		47,695
2.78%, 10/01/30 (Call 04/01/30)		72		73,863
2.95%, 11/01/22		55		56,853
3.35%, 10/01/29 (Call 04/01/29)		282		302,755
HCA Inc.
4.13%, 06/15/29 (Call 03/15/29)		442		495,800
4.50%, 02/15/27 (Call 08/15/26)		149		169,097
4.75%, 05/01/23		383		412,859
5.00%, 03/15/24		69		76,945
5.25%, 04/15/25		622		717,166
5.25%, 06/15/26 (Call 12/15/25)		465		541,265
Humana Inc.
2.90%, 12/15/22 (Call 11/15/22)		97		100,419
3.13%, 08/15/29 (Call 05/15/29)		155		164,629
3.15%, 12/01/22 (Call 09/01/22)		246		254,426
3.85%, 10/01/24 (Call 07/01/24)		385		420,158
3.95%, 03/15/27 (Call 12/15/26)		240		270,439
Kaiser Foundation Hospitals, 3.15%, 05/01/27  (Call 02/01/27)		21		23,108
Laboratory Corp. of America Holdings
1.55%, 06/01/26 (Call 05/01/26)		35		35,141
2.30%, 12/01/24 (Call 11/01/24)		120		126,098
2.70%, 06/01/31 (Call 03/01/31)		75		75,466
2.95%, 12/01/29 (Call 09/01/29)		66		68,975
3.25%, 09/01/24 (Call 07/01/24)		78		83,870
3.60%, 02/01/25 (Call 11/01/24)		295		320,833
3.60%, 09/01/27 (Call 06/01/27)		123		136,141
3.75%, 08/23/22 (Call 06/11/21)		330		340,626
Providence St Joseph Health Obligated Group, Series 19A, 2.53%, 10/01/29 (Call 07/01/29)		15		15,505
Quest Diagnostics Inc.
2.95%, 06/30/30 (Call 03/30/30)		185		193,110
3.45%, 06/01/26 (Call 03/01/26)		112		123,366
4.20%, 06/30/29 (Call 03/30/29)		120		137,280
Rush Obligated Group, Series 2020, 3.92%, 11/15/29  (Call 08/15/29)		31		35,091
Toledo Hospital (The), Series B, 5.33%, 11/15/28		20		23,115

16 

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Health Care - Services (continued)
UnitedHealth Group Inc.
1.15%, 05/15/26 (Call 04/15/26)	$	180	$	180,641
1.25%, 01/15/26		185		187,194
2.00%, 05/15/30		230		228,944
2.30%, 05/15/31 (Call 02/15/31)		430		433,926
2.38%, 10/15/22		325		334,545
2.38%, 08/15/24		150		158,712
2.75%, 02/15/23 (Call 11/15/22)		180		186,545
2.88%, 08/15/29		204		218,354
2.95%, 10/15/27		103		112,381
3.10%, 03/15/26		275		300,889
3.35%, 07/15/22		241		249,421
3.38%, 04/15/27		260		289,409
3.45%, 01/15/27		200		222,956
3.50%, 06/15/23		165		175,832
3.50%, 02/15/24		185		200,229
3.75%, 07/15/25		421		469,697
3.85%, 06/15/28		240		273,631
3.88%, 12/15/28		196		224,336
				14,607,710
Holding Companies - Diversified — 0.1%
Ares Capital Corp.
3.25%, 07/15/25 (Call 06/15/25)		218		229,615
3.50%, 02/10/23 (Call 01/10/23)		163		169,650
4.20%, 06/10/24 (Call 05/10/24)		265		285,569
4.25%, 03/01/25 (Call 01/01/25)		275		298,964
FS KKR Capital Corp.
3.40%, 01/15/26 (Call 12/15/25)		50		51,660
4.63%, 07/15/24 (Call 06/15/24)		160		172,075
Goldman Sachs BDC Inc., 2.88%, 01/15/26 (Call 12/15/25)		35		36,427
Main Street Capital Corp., 3.00%, 07/14/26 (Call 06/14/26)		95		97,478
Oaktree Specialty Lending Corp., 2.70%, 01/15/27
(Call 12/15/26)		200		201,240
Owl Rock Capital Corp.
3.40%, 07/15/26 (Call 06/15/26)		25		26,162
3.75%, 07/22/25 (Call 06/22/25)		135		143,743
4.00%, 03/30/25 (Call 02/28/25)		165		176,657
				1,889,240
Home Builders — 0.1%
DR Horton Inc.
2.50%, 10/15/24 (Call 09/15/24)		213		224,747
2.60%, 10/15/25 (Call 09/15/25)		60		63,509
5.75%, 08/15/23 (Call 05/15/23)		161		176,979
Lennar Corp.
4.50%, 04/30/24 (Call 01/31/24)		75		82,083
4.75%, 11/29/27 (Call 05/29/27)		765		884,715
NVR Inc.
3.00%, 05/15/30 (Call 11/15/29)		135		141,125
3.95%, 09/15/22 (Call 06/15/22)		216		223,554
PulteGroup Inc.
5.00%, 01/15/27 (Call 10/15/26)		71		83,115
5.50%, 03/01/26 (Call 12/01/25)		70		82,237
				1,962,064
Home Furnishings — 0.0%
Leggett & Platt Inc.
3.50%, 11/15/27 (Call 08/15/27)		80		86,944
3.80%, 11/15/24 (Call 08/15/24)		50		54,415
4.40%, 03/15/29 (Call 12/15/28)		218		247,057

	Par
Security	(000)		Value
Home Furnishings (continued)
Whirlpool Corp.
2.40%, 05/15/31 (Call 02/15/31)	$	140	$	139,727
4.75%, 02/26/29 (Call 11/26/28)		125		147,054
				675,197
Household Products & Wares — 0.1%
Avery Dennison Corp., 2.65%, 04/30/30 (Call 02/01/30)		135		137,742
Church & Dwight Co. Inc., 3.15%, 08/01/27 (Call 05/01/27)		120		131,444
Clorox Co. (The)
3.10%, 10/01/27 (Call 07/01/27)		30		32,698
3.50%, 12/15/24 (Call 09/15/24)		200		219,194
3.90%, 05/15/28 (Call 02/15/28)		200		226,196
Kimberly-Clark Corp.
1.05%, 09/15/27 (Call 07/15/27)		20		19,639
2.75%, 02/15/26		170		184,125
3.05%, 08/15/25		100		108,712
3.10%, 03/26/30 (Call 12/26/29)		70		76,462
3.20%, 04/25/29 (Call 01/25/29)		140		153,778
3.95%, 11/01/28 (Call 08/01/28)		150		172,142
				1,462,132
Insurance — 1.0%
Aegon NV, 5.50%, 04/11/48 (Call 04/11/28)(b)		200		226,114
Aflac Inc.
2.88%, 10/15/26 (Call 07/15/26)		9		9,725
3.60%, 04/01/30 (Call 01/01/30)		235		261,569
3.63%, 11/15/24		465		510,812
Alleghany Corp., 4.95%, 06/27/22		300		314,244
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25
(Call 07/29/25)		100		108,949
Allstate Corp. (The)
0.75%, 12/15/25 (Call 11/15/25)		40		39,794
3.15%, 06/15/23		92		97,250
3.28%, 12/15/26 (Call 09/15/26)		107		118,341
American Equity Investment Life Holding Co., 5.00%,
06/15/27 (Call 03/15/27)		75		85,379
American Financial Group Inc./OH, 3.50%, 08/15/26
(Call 05/15/26)		210		229,398
American International Group Inc.
2.50%, 06/30/25 (Call 05/30/25)		335		354,906
3.75%, 07/10/25 (Call 04/10/25)		351		387,178
3.90%, 04/01/26 (Call 01/01/26)		490		547,075
4.13%, 02/15/24		531		580,702
4.20%, 04/01/28 (Call 01/01/28)		261		297,256
4.25%, 03/15/29 (Call 12/15/28)		75		85,739
Series A-9, 5.75%, 04/01/48 (Call 04/01/28)(b)		60		67,964
Aon Corp.
2.20%, 11/15/22		207		212,659
2.80%, 05/15/30 (Call 02/15/30)		304		315,406
3.75%, 05/02/29 (Call 02/02/29)		236		263,452
4.50%, 12/15/28 (Call 09/15/28)		135		156,654
Aon PLC, 3.88%, 12/15/25 (Call 09/15/25)		137		152,677
Arch Capital Finance LLC, 4.01%, 12/15/26 (Call 09/15/26)		96		108,709
Aspen Insurance Holdings Ltd., 4.65%, 11/15/23		85		92,834
Assurant Inc., 4.00%, 03/15/23		50		53,074
Assured Guaranty U.S. Holdings Inc.
3.15%, 06/15/31 (Call 03/15/31)		50		50,928
5.00%, 07/01/24(a)		85		95,294
Athene Holding Ltd., 4.13%, 01/12/28 (Call 10/12/27)		240		266,030
AXIS Specialty Finance LLC, 3.90%, 07/15/29
(Call 04/15/29)		159		173,865

17

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Insurance (continued)
AXIS Specialty Finance PLC, 4.00%, 12/06/27
(Call 09/06/27)	$	185	$	206,166
Berkshire Hathaway Finance Corp., 1.45%, 10/15/30
(Call 07/15/30)		590		568,076
Berkshire Hathaway Inc.
2.75%, 03/15/23 (Call 01/15/23)		548		570,139
3.00%, 02/11/23		325		340,314
3.13%, 03/15/26 (Call 12/15/25)		321		352,240
Brighthouse Financial Inc., 3.70%, 06/22/27 (Call 03/22/27)		253		276,995
Brown & Brown Inc.
4.20%, 09/15/24 (Call 06/15/24)		50		55,020
4.50%, 03/15/29 (Call 12/15/28)		100		113,798
Chubb INA Holdings Inc.
2.70%, 03/13/23		300		313,353
2.88%, 11/03/22 (Call 09/03/22)		85		87,896
3.35%, 05/03/26 (Call 02/03/26)		45		49,531
Cincinnati Financial Corp., 6.92%, 05/15/28		74		96,332
CNA Financial Corp.
3.45%, 08/15/27 (Call 05/10/27)		111		122,181
3.90%, 05/01/29 (Call 02/01/29)		106		118,325
3.95%, 05/15/24 (Call 02/15/24)		175		190,561
4.50%, 03/01/26 (Call 12/01/25)		280		319,018
CNO Financial Group Inc., 5.25%, 05/30/29 (Call 02/28/29)		75		88,349
Enstar Group Ltd., 4.95%, 06/01/29 (Call 03/01/29)		168		191,997
Equitable Holdings Inc.
3.90%, 04/20/23 (Call 03/20/23)		169		179,412
4.35%, 04/20/28 (Call 01/20/28)		370		419,351
Fairfax Financial Holdings Ltd.
4.63%, 04/29/30 (Call 01/29/30)		25		27,989
4.85%, 04/17/28 (Call 01/17/28)		74		83,989
Fidelity National Financial Inc., 5.50%, 09/01/22		230		243,945
First American Financial Corp., 4.60%, 11/15/24		125		139,277
Globe Life Inc.
2.15%, 08/15/30 (Call 05/15/30)		260		253,960
4.55%, 09/15/28 (Call 06/15/28)		155		179,902
Hanover Insurance Group Inc. (The), 2.50%, 09/01/30
(Call 06/01/30)		149		148,329
Hartford Financial Services Group Inc. (The), 2.80%,
08/19/29 (Call 05/19/29)		210		218,868
Lincoln National Corp.
3.35%, 03/09/25		142		154,451
3.63%, 12/12/26 (Call 09/15/26)		195		216,378
3.80%, 03/01/28 (Call 12/01/27)		70		78,037
Loews Corp.
3.20%, 05/15/30 (Call 02/15/30)		230		246,985
3.75%, 04/01/26 (Call 01/01/26)		215		239,501
Manulife Financial Corp., 4.15%, 03/04/26		582		659,173
Markel Corp.
3.35%, 09/17/29 (Call 06/17/29)		50		54,428
3.50%, 11/01/27 (Call 08/01/27)		90		99,279
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)		245		245,875
3.30%, 03/14/23 (Call 01/14/23)		145		152,070
3.50%, 06/03/24 (Call 03/03/24)		190		205,546
3.50%, 03/10/25 (Call 12/10/24)		222		242,362
3.75%, 03/14/26 (Call 12/14/25)		200		222,948
3.88%, 03/15/24 (Call 02/15/24)		212		231,360
4.38%, 03/15/29 (Call 12/15/28)		375		437,524
Mercury General Corp., 4.40%, 03/15/27 (Call 12/15/26)		115		130,438

	Par
Security	(000)		Value
Insurance (continued)
MetLife Inc.
3.00%, 03/01/25	$	248	$	267,895
3.05%, 12/15/22		135		140,467
3.60%, 04/10/24		135		146,888
3.60%, 11/13/25 (Call 08/13/25)		151		167,510
4.55%, 03/23/30 (Call 12/23/29)		159		188,410
Series D, 4.37%, 09/15/23		260		283,085
Old Republic International Corp.
3.88%, 08/26/26 (Call 07/26/26)		142		159,131
4.88%, 10/01/24 (Call 09/01/24)		165		185,049
PartnerRe Finance B LLC, 3.70%, 07/02/29 (Call 04/02/29)		145		159,980
Primerica Inc., 4.75%, 07/15/22		200		209,350
Principal Financial Group Inc.
2.13%, 06/15/30 (Call 03/15/30)		35		34,567
3.10%, 11/15/26 (Call 08/15/26)		125		135,839
3.40%, 05/15/25 (Call 02/15/25)		175		189,859
3.70%, 05/15/29 (Call 02/15/29)		106		117,706
Progressive Corp. (The)
2.45%, 01/15/27		260		276,687
4.00%, 03/01/29 (Call 12/01/28)		30		34,326
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		172		175,552
2.10%, 03/10/30 (Call 12/10/29)(a)		50		50,399
3.50%, 05/15/24		439		478,677
3.70%, 10/01/50 (Call 07/01/30)(b)		25		25,988
3.88%, 03/27/28 (Call 12/27/27)		460		523,613
4.50%, 09/15/47 (Call 09/15/27)(b)		50		54,000
5.20%, 03/15/44 (Call 03/15/24)(b)		200		214,868
5.63%, 06/15/43 (Call 06/15/23)(b)		20		21,619
5.70%, 09/15/48 (Call 09/15/28)(a)(b)		200		231,488
5.88%, 09/15/42 (Call 09/15/22)(b)		250		264,605
Prudential PLC, 3.13%, 04/14/30		6		6,418
Reinsurance Group of America Inc.
3.90%, 05/15/29 (Call 02/15/29)		225		249,453
3.95%, 09/15/26 (Call 06/15/26)		25		27,976
RenaissanceRe Holdings Ltd., 3.60%, 04/15/29
(Call 01/15/29)		185		202,421
Trinity Acquisition PLC, 4.40%, 03/15/26 (Call 12/15/25)		200		226,938
Unum Group
4.00%, 03/15/24		225		243,949
4.00%, 06/15/29 (Call 03/15/29)		40		44,160
Voya Financial Inc.
3.65%, 06/15/26		185		205,970
4.70%, 01/23/48 (Call 01/23/28)(b)		100		104,621
Willis North America Inc.
2.95%, 09/15/29 (Call 06/15/29)		98		102,996
3.60%, 05/15/24 (Call 03/15/24)		57		61,656
4.50%, 09/15/28 (Call 06/15/28)		225		259,308
XLIT Ltd., 4.45%, 03/31/25		215		242,544
				22,551,613
Internet — 0.7%
Alibaba Group Holding Ltd.
3.40%, 12/06/27 (Call 09/06/27)		395		431,798
3.60%, 11/28/24 (Call 08/28/24)		700		760,312
Alphabet Inc.
0.45%, 08/15/25 (Call 07/15/25)		200		198,308
0.80%, 08/15/27 (Call 06/15/27)		460		448,137
1.10%, 08/15/30 (Call 05/15/30)		305		285,312
2.00%, 08/15/26 (Call 05/15/26)		393		412,902
3.38%, 02/25/24		137		148,730

18

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Internet (continued)
Amazon.com Inc.
0.40%, 06/03/23	$	520	$	522,002
0.45%, 05/12/24		770		771,571
1.00%, 05/12/26 (Call 04/12/26)		800		799,912
1.50%, 06/03/30 (Call 03/03/30)		510		493,134
1.65%, 05/12/28 (Call 03/12/28)		900		906,264
2.10%, 05/12/31 (Call 02/12/31)		900		902,934
2.40%, 02/22/23 (Call 01/22/23)		263		272,273
2.50%, 11/29/22 (Call 08/29/22)		290		298,201
2.80%, 08/22/24 (Call 06/22/24)		356		381,315
3.15%, 08/22/27 (Call 05/22/27)		560		618,279
3.80%, 12/05/24 (Call 09/05/24)		339		374,697
5.20%, 12/03/25 (Call 09/03/25)		436		516,154
Baidu Inc.
3.50%, 11/28/22		330		342,989
3.63%, 07/06/27		375		412,339
3.88%, 09/29/23 (Call 08/29/23)		200		213,360
4.13%, 06/30/25		225		248,301
Booking Holdings Inc.
2.75%, 03/15/23 (Call 02/15/23)		195		202,956
3.55%, 03/15/28 (Call 12/15/27)		110		121,246
3.60%, 06/01/26 (Call 03/01/26)		293		324,363
3.65%, 03/15/25 (Call 12/15/24)		90		98,575
4.63%, 04/13/30 (Call 01/13/30)		144		168,896
E*TRADE Financial Corp.
2.95%, 08/24/22 (Call 07/24/22)		184		189,461
3.80%, 08/24/27 (Call 05/24/27)		46		51,191
4.50%, 06/20/28 (Call 03/20/28)		210		241,137
eBay Inc.
1.40%, 05/10/26 (Call 04/10/26)		40		40,148
1.90%, 03/11/25 (Call 02/11/25)		161		167,046
2.60%, 05/10/31 (Call 02/10/31)		145		144,855
2.70%, 03/11/30 (Call 12/11/29)		60		61,391
2.75%, 01/30/23 (Call 12/30/22)		468		485,854
3.45%, 08/01/24 (Call 05/01/24)		187		201,870
3.60%, 06/05/27 (Call 03/05/27)		146		162,186
Expedia Group Inc.
2.95%, 03/15/31 (Call 12/15/30)(c)		190		189,791
3.25%, 02/15/30 (Call 11/15/29)		395		405,989
3.80%, 02/15/28 (Call 11/15/27)		55		59,289
5.00%, 02/15/26 (Call 11/15/25)		210		239,557
JD.com Inc., 3.38%, 01/14/30 (Call 10/14/29)		290		304,416
TD Ameritrade Holding Corp.
2.75%, 10/01/29 (Call 07/01/29)		6		6,373
3.30%, 04/01/27 (Call 01/01/27)		226		249,009
3.75%, 04/01/24 (Call 03/01/24)		200		217,916
VeriSign Inc., 2.70%, 06/15/31 (Call 03/15/31)		255		255,426
				15,348,165
Iron & Steel — 0.1%
Nucor Corp.
3.95%, 05/01/28 (Call 02/01/28)		157		177,859
4.00%, 08/01/23 (Call 05/01/23)		260		277,808
Reliance Steel & Aluminum Co., 4.50%, 04/15/23
(Call 01/15/23)		170		180,635
Steel Dynamics Inc.
2.40%, 06/15/25 (Call 05/15/25)		164		172,080
3.45%, 04/15/30 (Call 01/15/30)		107		115,729
Vale Overseas Ltd., 6.25%, 08/10/26		503		608,469
				1,532,580

	Par
Security	(000)		Value
Leisure Time — 0.0%
Harley-Davidson Inc., 3.50%, 07/28/25 (Call 04/28/25)	$	55	$	59,094
Lodging — 0.2%
Choice Hotels International Inc., 3.70%, 12/01/29
(Call 09/01/29)		70		75,042
Hyatt Hotels Corp.
3.38%, 07/15/23 (Call 04/15/23)		158		165,391
4.38%, 09/15/28 (Call 06/15/28)		195		212,923
4.85%, 03/15/26 (Call 12/15/25)		90		101,258
Las Vegas Sands Corp.
2.90%, 06/25/25 (Call 05/25/25)		41		42,793
3.20%, 08/08/24 (Call 07/08/24)		430		452,300
3.50%, 08/18/26 (Call 06/18/26)		191		202,422
3.90%, 08/08/29 (Call 05/08/29)		215		225,752
Marriott International Inc./MD
3.75%, 03/15/25 (Call 12/15/24)		75		80,800
Series EE, 5.75%, 05/01/25 (Call 04/01/25)		382		443,410
Series FF, 4.63%, 06/15/30 (Call 03/15/30)		365		412,731
Series R, 3.13%, 06/15/26 (Call 03/15/26)		240		255,024
Sands China Ltd.
3.80%, 01/08/26 (Call 12/08/25)		400		428,996
4.60%, 08/08/23 (Call 07/08/23)		200		213,002
5.13%, 08/08/25 (Call 06/08/25)		200		223,940
5.40%, 08/08/28 (Call 05/08/28)		300		343,140
				3,878,924
Machinery — 0.4%
Caterpillar Financial Services Corp.
2.15%, 11/08/24		220		231,895
3.30%, 06/09/24		236		255,937
3.45%, 05/15/23		290		307,870
Caterpillar Inc.
1.90%, 03/12/31 (Call 12/12/30)		420		414,107
2.60%, 09/19/29 (Call 06/19/29)		254		268,374
2.60%, 04/09/30 (Call 01/09/30)		315		331,415
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)		90		89,868
4.20%, 01/15/24		46		50,089
CNH Industrial NV
3.85%, 11/15/27 (Call 08/15/27)		112		124,919
4.50%, 08/15/23		154		166,870
Dover Corp.
2.95%, 11/04/29 (Call 08/04/29)		85		90,532
3.15%, 11/15/25 (Call 08/15/25)		130		140,417
Flowserve Corp., 4.00%, 11/15/23 (Call 08/15/23)		40		42,610
IDEX Corp., 2.63%, 06/15/31 (Call 03/15/31)		50		50,320
John Deere Capital Corp.
0.70%, 07/05/23		125		126,201
0.70%, 01/15/26		350		347,287
1.45%, 01/15/31		310		294,333
1.50%, 03/06/28		500		496,405
1.95%, 06/13/22		111		113,006
2.05%, 01/09/25		290		304,146
2.25%, 09/14/26		140		148,386
2.45%, 01/09/30		160		166,181
2.65%, 06/24/24		155		165,338
2.80%, 03/06/23		575		601,369
2.80%, 09/08/27		145		157,377
3.05%, 01/06/28		110		119,667
3.35%, 06/12/24		175		190,050
3.45%, 06/07/23		320		340,330

19

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Machinery (continued)
3.45%, 03/13/25	$	240	$	264,007
3.45%, 03/07/29		150		167,118
nVent Finance Sarl, 4.55%, 04/15/28 (Call 01/15/28)		110		119,004
Oshkosh Corp.
3.10%, 03/01/30 (Call 12/01/29)		60		63,060
4.60%, 05/15/28 (Call 02/15/28)		65		74,456
Otis Worldwide Corp.
2.29%, 04/05/27 (Call 02/05/27)		30		31,236
2.57%, 02/15/30 (Call 11/15/29)		474		484,717
Rockwell Automation Inc.
2.88%, 03/01/25 (Call 12/01/24)		160		170,754
3.50%, 03/01/29 (Call 12/01/28)		145		161,839
Westinghouse Air Brake Technologies Corp.
3.45%, 11/15/26 (Call 08/15/26)		155		167,009
4.40%, 03/15/24 (Call 02/15/24)		325		354,191
4.95%, 09/15/28 (Call 06/15/28)		283		326,525
Xylem Inc./NY
1.95%, 01/30/28 (Call 11/30/27)		110		111,117
3.25%, 11/01/26 (Call 08/01/26)		115		126,241
				8,756,573
Manufacturing — 0.3%
3M Co.
1.75%, 02/14/23 (Call 01/14/23)		79		80,966
2.00%, 06/26/22		158		161,072
2.00%, 02/14/25 (Call 01/14/25)		118		123,632
2.25%, 03/15/23 (Call 02/15/23)		263		272,060
2.25%, 09/19/26 (Call 06/19/26)		223		236,534
2.38%, 08/26/29 (Call 05/26/29)		238		246,868
2.88%, 10/15/27 (Call 07/15/27)		66		71,831
3.00%, 08/07/25		150		163,659
3.05%, 04/15/30 (Call 01/15/30)(a)		257		279,829
3.25%, 02/14/24 (Call 01/14/24)		260		279,185
3.38%, 03/01/29 (Call 12/01/28)		116		128,830
3.63%, 09/14/28 (Call 06/14/28)		213		240,045
Carlisle Companies Inc.
2.75%, 03/01/30 (Call 12/01/29)		175		179,714
3.75%, 11/15/22 (Call 08/15/22)		128		132,909
3.75%, 12/01/27 (Call 09/01/27)		95		105,882
Eaton Corp.
2.75%, 11/02/22		480		496,776
3.10%, 09/15/27 (Call 06/15/27)		135		147,199
General Electric Co.
2.70%, 10/09/22		314		323,888
3.38%, 03/11/24		230		247,627
3.45%, 05/15/24 (Call 02/13/24)		370		399,596
3.63%, 05/01/30 (Call 02/01/30)		408		448,710
5.55%, 01/05/26		35		41,697
Illinois Tool Works Inc., 2.65%, 11/15/26 (Call 08/15/26)		480		517,834
Parker-Hannifin Corp.
2.70%, 06/14/24 (Call 05/14/24)		100		106,053
3.25%, 03/01/27 (Call 12/01/26)		232		253,427
3.25%, 06/14/29 (Call 03/14/29)		119		128,817
3.30%, 11/21/24 (Call 08/21/24)		195		210,645
Pentair Finance Sarl, 4.50%, 07/01/29 (Call 04/01/29)		100		117,290
Textron Inc.
2.45%, 03/15/31 (Call 12/15/30)		400		396,012
3.65%, 03/15/27 (Call 12/15/26)		100		110,584
3.90%, 09/17/29 (Call 06/17/29)		98		108,763
4.00%, 03/15/26 (Call 12/15/25)		83		92,255
4.30%, 03/01/24 (Call 12/01/23)		60		65,327

	Par
Security	(000)		Value
Manufacturing (continued)
Trane Technologies Global Holding Co. Ltd.
3.75%, 08/21/28 (Call 05/21/28)	$	65	$	72,558
4.25%, 06/15/23		380		409,230
Trane Technologies Luxembourg Finance SA
3.50%, 03/21/26 (Call 01/21/26)		110		120,862
3.80%, 03/21/29 (Call 12/21/28)		333		372,144
				7,890,310
Media — 0.8%
Charter Communications Operating LLC/Charter
Communications Operating Capital
2.30%, 02/01/32 (Call 11/01/31)		350		329,256
3.75%, 02/15/28 (Call 11/15/27)		79		85,972
4.20%, 03/15/28 (Call 12/15/27)		220		245,430
4.46%, 07/23/22 (Call 05/23/22)		811		842,337
4.50%, 02/01/24 (Call 01/01/24)		544		594,532
4.91%, 07/23/25 (Call 04/23/25)		406		461,760
5.05%, 03/30/29 (Call 12/30/28)		356		414,993
Comcast Cable Communications Holdings Inc., 9.46%,
11/15/22		225		254,975
Comcast Corp.
1.50%, 02/15/31 (Call 11/15/30)		875		815,299
1.95%, 01/15/31 (Call 10/15/30)		305		295,524
2.35%, 01/15/27 (Call 10/15/26)		591		620,727
2.65%, 02/01/30 (Call 11/01/29)		35		36,277
3.00%, 02/01/24 (Call 06/24/21)		430		458,401
3.10%, 04/01/25 (Call 03/01/25)		370		401,187
3.15%, 03/01/26 (Call 12/01/25)		501		546,867
3.15%, 02/15/28 (Call 11/15/27)		77		83,946
3.30%, 02/01/27 (Call 11/01/26)		15		16,506
3.38%, 02/15/25 (Call 11/15/24)		290		316,726
3.38%, 08/15/25 (Call 05/15/25)		262		287,356
3.40%, 04/01/30 (Call 01/01/30)		293		319,648
3.55%, 05/01/28 (Call 02/01/28)		375		416,918
3.60%, 03/01/24		365		396,580
3.70%, 04/15/24 (Call 03/15/24)		344		374,740
3.95%, 10/15/25 (Call 08/15/25)		516		579,850
4.15%, 10/15/28 (Call 07/15/28)		589		679,871
4.25%, 10/15/30 (Call 07/15/30)		10		11,617
Discovery Communications LLC
2.95%, 03/20/23 (Call 02/20/23)		102		106,267
3.45%, 03/15/25 (Call 12/15/24)		155		166,730
3.63%, 05/15/30 (Call 02/15/30)		337		361,143
3.90%, 11/15/24 (Call 08/15/24)		155		169,086
3.95%, 03/20/28 (Call 12/20/27)		232		254,574
4.13%, 05/15/29 (Call 02/15/29)		190		209,545
4.90%, 03/11/26 (Call 12/11/25)		95		108,665
Fox Corp.
3.05%, 04/07/25 (Call 03/07/25)		65		69,680
4.03%, 01/25/24 (Call 12/25/23)		298		323,807
4.71%, 01/25/29 (Call 10/25/28)		500		581,085
Grupo Televisa SAB, 6.63%, 03/18/25		100		119,059
Thomson Reuters Corp.
3.35%, 05/15/26 (Call 02/15/26)		208		227,937
4.30%, 11/23/23 (Call 08/23/23)		90		97,358
Time Warner Entertainment Co. LP, 8.38%, 03/15/23		290		329,646
TWDC Enterprises 18 Corp.
1.85%, 07/30/26		288		296,470
2.35%, 12/01/22		282		290,860
2.95%, 06/15/27		195		213,389
3.00%, 02/13/26		146		158,718

20

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Media (continued)
3.15%, 09/17/25	$	119	$	129,824
ViacomCBS Inc.
2.90%, 01/15/27 (Call 10/15/26)		188		199,032
3.38%, 02/15/28 (Call 11/15/27)		110		118,634
3.50%, 01/15/25 (Call 10/15/24)		244		263,764
3.70%, 08/15/24 (Call 05/15/24)		215		233,434
3.70%, 06/01/28 (Call 03/01/28)		45		49,381
3.88%, 04/01/24 (Call 01/01/24)		156		168,556
4.00%, 01/15/26 (Call 10/15/25)		215		239,000
4.75%, 05/15/25 (Call 04/15/25)		360		408,532
4.95%, 01/15/31 (Call 10/15/30)		35		41,463
Walt Disney Co. (The)
1.75%, 08/30/24 (Call 07/30/24)		353		365,754
1.75%, 01/13/26		430		442,977
2.00%, 09/01/29 (Call 06/01/29)		536		534,231
2.20%, 01/13/28		505		520,342
2.65%, 01/13/31		110		113,807
3.00%, 09/15/22		310		321,002
3.35%, 03/24/25		315		343,722
3.38%, 11/15/26 (Call 08/15/26)		115		127,198
3.70%, 09/15/24 (Call 06/15/24)		56		61,241
3.70%, 10/15/25 (Call 07/15/25)		172		190,626
3.80%, 03/22/30		280		315,106
				19,158,940
Metal Fabricate & Hardware — 0.0%
Precision Castparts Corp., 3.25%, 06/15/25 (Call 03/15/25)		485		528,475
Timken Co. (The)
3.88%, 09/01/24 (Call 06/01/24)		160		172,264
4.50%, 12/15/28 (Call 09/15/28)		100		110,374
				811,113
Mining — 0.1%
BHP Billiton Finance USA Ltd., 3.85%, 09/30/23		40		43,220
Kinross Gold Corp.
4.50%, 07/15/27 (Call 04/15/27)		244		280,620
5.95%, 03/15/24 (Call 12/15/23)		185		208,060
Newmont Corp.
2.25%, 10/01/30 (Call 07/01/30)		254		251,206
2.80%, 10/01/29 (Call 07/01/29)		71		74,003
3.70%, 03/15/23 (Call 12/15/22)		30		31,447
Rio Tinto Finance USA Ltd.
3.75%, 06/15/25 (Call 03/15/25)		765		850,175
7.13%, 07/15/28		90		121,536
Southern Copper Corp., 3.88%, 04/23/25		135		147,597
				2,007,864
Office Furnishings — 0.0%
Steelcase Inc., 5.13%, 01/18/29 (Call 10/18/28)		290		338,242
Oil & Gas — 1.5%
BP Capital Markets America Inc.
1.75%, 08/10/30 (Call 05/10/30)		300		288,654
2.52%, 09/19/22 (Call 08/19/22)		180		185,054
2.75%, 05/10/23		339		354,994
2.94%, 04/06/23		85		89,015
3.02%, 01/16/27 (Call 10/16/26)		280		302,621
3.12%, 05/04/26 (Call 02/04/26)		225		245,387
3.19%, 04/06/25 (Call 03/06/25)		325		352,186
3.22%, 11/28/23 (Call 09/28/23)		350		372,799
3.22%, 04/14/24 (Call 02/14/24)		363		389,514
3.41%, 02/11/26 (Call 12/11/25)		43		47,401

	Par
Security	(000)		Value
Oil & Gas (continued)
3.54%, 04/06/27 (Call 02/06/27)	$	20	$	22,193
3.59%, 04/14/27 (Call 01/14/27)		138		153,434
3.63%, 04/06/30 (Call 01/06/30)		260		288,603
3.80%, 09/21/25 (Call 07/21/25)		308		343,528
3.94%, 09/21/28 (Call 06/21/28)		310		351,869
4.23%, 11/06/28 (Call 08/06/28)		26		29,899
BP Capital Markets PLC
3.28%, 09/19/27 (Call 06/19/27)		165		181,096
3.51%, 03/17/25		230		253,430
3.54%, 11/04/24		328		359,340
3.72%, 11/28/28 (Call 08/28/28)		118		131,775
3.81%, 02/10/24		209		227,695
3.99%, 09/26/23		392		424,826
Canadian Natural Resources Ltd.
2.95%, 01/15/23 (Call 12/15/22)		180		187,101
3.80%, 04/15/24 (Call 01/15/24)		236		254,266
3.85%, 06/01/27 (Call 03/01/27)		333		368,395
3.90%, 02/01/25 (Call 11/01/24)		236		256,976
Cenovus Energy Inc.
3.00%, 08/15/22 (Call 05/15/22)		200		204,400
3.80%, 09/15/23 (Call 06/15/23)		315		332,813
4.00%, 04/15/24 (Call 01/15/24)		214		229,900
4.40%, 04/15/29 (Call 01/15/29)		145		161,578
5.38%, 07/15/25 (Call 04/15/25)		340		388,076
Chevron Corp.
1.14%, 05/11/23		211		214,572
2.00%, 05/11/27 (Call 03/11/27)		280		291,035
2.24%, 05/11/30 (Call 02/11/30)		373		380,039
2.36%, 12/05/22 (Call 09/05/22)		142		145,791
2.57%, 05/16/23 (Call 03/16/23)		170		177,007
2.90%, 03/03/24 (Call 01/03/24)		259		275,843
2.95%, 05/16/26 (Call 02/16/26)		555		603,457
3.33%, 11/17/25 (Call 08/17/25)		229		252,518
Chevron USA Inc.
1.02%, 08/12/27 (Call 06/12/27)		360		352,228
3.25%, 10/15/29 (Call 07/15/29)		135		148,293
3.85%, 01/15/28 (Call 10/15/27)		142		161,879
Cimarex Energy Co.
3.90%, 05/15/27 (Call 02/15/27)		205		225,849
4.38%, 06/01/24 (Call 03/01/24)		208		227,704
4.38%, 03/15/29 (Call 12/15/28)		84		94,578
CNOOC Finance 2013 Ltd.
2.88%, 09/30/29 (Call 06/30/29)		250		254,488
3.00%, 05/09/23		500		518,390
CNOOC Finance 2014 ULC, 4.25%, 04/30/24		560		607,359
CNOOC Finance 2015 USA LLC, 4.38%, 05/02/28		200		222,436
ConocoPhillips
2.40%, 02/15/31 (Call 11/15/30)(c)		115		115,635
3.75%, 10/01/27 (Call 07/01/27)(c)		285		320,129
4.30%, 08/15/28 (Call 05/15/28)(c)		87		99,980
ConocoPhillips Co.
3.35%, 11/15/24 (Call 08/15/24)		10		10,857
4.95%, 03/15/26 (Call 12/15/25)		550		641,949
6.95%, 04/15/29		312		420,205
Devon Energy Corp., 5.85%, 12/15/25 (Call 09/15/25)		168		198,764
Diamondback Energy Inc.
2.88%, 12/01/24 (Call 11/01/24)		183		194,547
3.25%, 12/01/26 (Call 10/01/26)		421		453,413
3.50%, 12/01/29 (Call 09/01/29)		257		272,872
4.75%, 05/31/25 (Call 04/30/25)		155		175,355

21

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Oil & Gas (continued)
Ecopetrol SA
4.13%, 01/16/25	$	227	$	238,464
5.38%, 06/26/26 (Call 03/26/26)		275		302,148
5.88%, 09/18/23		405		438,117
6.88%, 04/29/30 (Call 01/29/30)		300		356,112
Eni USA Inc., 7.30%, 11/15/27		94		123,057
EOG Resources Inc.
2.63%, 03/15/23 (Call 12/15/22)		77		79,757
4.15%, 01/15/26 (Call 10/15/25)		400		452,192
4.38%, 04/15/30 (Call 01/15/30)		211		246,421
Equinor ASA
2.38%, 05/22/30 (Call 02/22/30)		363		370,100
2.45%, 01/17/23		119		123,245
2.65%, 01/15/24		247		260,980
3.00%, 04/06/27 (Call 02/06/27)		98		106,545
3.13%, 04/06/30 (Call 01/06/30)		500		538,775
3.25%, 11/10/24		330		358,786
3.63%, 09/10/28 (Call 06/10/28)		140		155,933
Exxon Mobil Corp.
1.57%, 04/15/23		608		622,872
2.28%, 08/16/26 (Call 06/16/26)		300		317,901
2.44%, 08/16/29 (Call 05/16/29)		168		174,009
2.61%, 10/15/30 (Call 07/15/30)		20		20,752
2.71%, 03/06/25 (Call 12/06/24)		400		427,624
2.73%, 03/01/23 (Call 01/01/23)		252		261,969
2.99%, 03/19/25 (Call 02/19/25)		515		555,942
3.04%, 03/01/26 (Call 12/01/25)		475		517,926
3.18%, 03/15/24 (Call 12/15/23)		221		236,742
3.29%, 03/19/27 (Call 01/19/27)		262		291,475
3.48%, 03/19/30 (Call 12/19/29)		701		775,614
Helmerich & Payne Inc., 4.65%, 03/15/25 (Call 12/15/24)		30		33,122
Hess Corp.
3.50%, 07/15/24 (Call 04/15/24)		225		239,672
4.30%, 04/01/27 (Call 01/01/27)		262		291,674
HollyFrontier Corp., 5.88%, 04/01/26 (Call 01/01/26)		310		358,143
Marathon Oil Corp.
3.85%, 06/01/25 (Call 03/01/25)		242		264,024
4.40%, 07/15/27 (Call 04/15/27)		352		396,028
Marathon Petroleum Corp.
3.63%, 09/15/24 (Call 06/15/24)		227		245,596
3.80%, 04/01/28 (Call 01/01/28)		100		110,348
4.50%, 05/01/23 (Call 04/01/23)		237		253,694
4.70%, 05/01/25 (Call 04/01/25)		156		176,884
4.75%, 12/15/23 (Call 10/15/23)		273		299,227
5.13%, 12/15/26 (Call 09/15/26)		142		168,442
Phillips 66, 3.90%, 03/15/28 (Call 12/15/27)		195		216,776
Pioneer Natural Resources Co.
1.90%, 08/15/30 (Call 05/15/30)		215		203,108
4.45%, 01/15/26 (Call 10/15/25)		210		237,947
Shell International Finance BV
2.00%, 11/07/24 (Call 10/07/24)		320		334,762
2.25%, 01/06/23		240		247,764
2.38%, 08/21/22		187		191,948
2.38%, 11/07/29 (Call 08/07/29)		346		355,536
2.50%, 09/12/26		247		264,947
2.75%, 04/06/30 (Call 01/06/30)		280		294,960
2.88%, 05/10/26		445		483,626
3.25%, 05/11/25		553		604,219
3.40%, 08/12/23		255		272,309
3.50%, 11/13/23 (Call 10/13/23)		422		453,042

	Par
Security	(000)		Value
Oil & Gas (continued)
3.88%, 11/13/28 (Call 08/13/28)	$	222	$	252,734
Suncor Energy Inc., 3.60%, 12/01/24 (Call 09/01/24)		236		256,608
Total Capital Canada Ltd., 2.75%, 07/15/23		231		243,118
Total Capital International SA
2.43%, 01/10/25 (Call 10/10/24)		112		118,388
2.70%, 01/25/23		378		393,222
2.83%, 01/10/30 (Call 10/10/29)		220		233,110
3.46%, 02/19/29 (Call 11/19/28)		240		264,754
3.70%, 01/15/24		405		438,980
3.75%, 04/10/24		389		425,453
Total Capital SA, 3.88%, 10/11/28		97		110,058
Valero Energy Corp.
1.20%, 03/15/24		35		35,429
2.70%, 04/15/23		96		99,962
2.85%, 04/15/25 (Call 03/15/25)		46		48,854
3.40%, 09/15/26 (Call 06/15/26)		713		769,306
3.65%, 03/15/25		195		212,277
4.00%, 04/01/29 (Call 01/01/29)		375		411,323
WPX Energy Inc., 4.50%, 01/15/30 (Call 01/15/25)		55		59,435
				35,560,257
Oil & Gas Services — 0.1%
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor Inc.
2.77%, 12/15/22 (Call 11/15/22)		22		22,808
3.14%, 11/07/29 (Call 08/07/29)		50		53,104
3.34%, 12/15/27 (Call 09/15/27)		459		503,059
Halliburton Co.
3.50%, 08/01/23 (Call 05/01/23)		416		440,428
3.80%, 11/15/25 (Call 08/15/25)		314		348,154
NOV Inc., 3.60%, 12/01/29 (Call 09/01/29)		152		158,392
Schlumberger Finance Canada Ltd., 1.40%, 09/17/25
(Call 08/17/25)		45		45,873
Schlumberger Investment SA
2.65%, 06/26/30 (Call 03/26/30)		140		144,406
3.65%, 12/01/23 (Call 09/01/23)		470		503,793
				2,220,017
Packaging & Containers — 0.1%
Amcor Flexibles North America Inc.
2.63%, 06/19/30 (Call 03/19/30)		237		240,366
2.69%, 05/25/31 (Call 02/25/31)		75		75,513
Berry Global Inc., 1.57%, 01/15/26 (Call 12/15/25)(c)		102		102,179
Packaging Corp. of America
3.00%, 12/15/29 (Call 09/15/29)		125		131,796
3.65%, 09/15/24 (Call 06/15/24)		61		66,281
4.50%, 11/01/23 (Call 08/01/23)		265		287,424
WestRock MWV LLC, 8.20%, 01/15/30		29		40,704
WestRock RKT LLC, 4.00%, 03/01/23 (Call 12/01/22)		75		78,825
WRKCo Inc.
3.00%, 09/15/24 (Call 07/15/24)		165		175,788
3.38%, 09/15/27 (Call 06/15/27)		105		114,982
3.75%, 03/15/25 (Call 01/15/25)		148		162,696
3.90%, 06/01/28 (Call 03/01/28)		175		196,411
4.65%, 03/15/26 (Call 01/15/26)		202		232,011
4.90%, 03/15/29 (Call 12/15/28)		340		404,311
				2,309,287
Pharmaceuticals — 2.0%
AbbVie Inc.
2.30%, 11/21/22		744		765,702
2.60%, 11/21/24 (Call 10/21/24)		642		680,340
2.85%, 05/14/23 (Call 03/14/23)		386		403,088

22

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Pharmaceuticals (continued)
2.90%, 11/06/22	$	718	$	743,956
2.95%, 11/21/26 (Call 09/21/26)		755		811,202
3.20%, 05/14/26 (Call 02/14/26)		395		429,112
3.20%, 11/21/29 (Call 08/21/29)		876		941,805
3.25%, 10/01/22 (Call 07/01/22)		425		438,315
3.60%, 05/14/25 (Call 02/14/25)		855		935,558
3.75%, 11/14/23 (Call 10/14/23)		65		70,051
3.80%, 03/15/25 (Call 12/15/24)		595		653,584
3.85%, 06/15/24 (Call 03/15/24)		275		299,332
4.25%, 11/14/28 (Call 08/14/28)		313		361,678
AmerisourceBergen Corp.
2.70%, 03/15/31 (Call 12/15/30)		305		310,798
3.25%, 03/01/25 (Call 12/01/24)		122		131,649
3.40%, 05/15/24 (Call 02/15/24)		176		189,290
3.45%, 12/15/27 (Call 09/15/27)		205		225,453
Astrazeneca Finance LLC
1.20%, 05/28/26 (Call 04/28/26)		1,000		1,002,110
1.75%, 05/28/28 (Call 03/28/28)		620		620,527
2.25%, 05/28/31 (Call 02/28/31)		110		110,326
AstraZeneca PLC
0.70%, 04/08/26 (Call 03/08/26)		570		558,617
1.38%, 08/06/30 (Call 05/06/30)		477		447,292
3.13%, 06/12/27 (Call 03/12/27)		75		82,012
3.38%, 11/16/25		322		354,245
3.50%, 08/17/23 (Call 07/17/23)		223		237,794
4.00%, 01/17/29 (Call 10/17/28)		133		151,881
Becton Dickinson and Co.
1.96%, 02/11/31 (Call 11/11/30)		405		389,355
2.82%, 05/20/30 (Call 02/20/30)		163		169,007
2.89%, 06/06/22 (Call 05/06/22)		311		318,489
3.36%, 06/06/24 (Call 04/06/24)		421		453,135
3.70%, 06/06/27 (Call 03/06/27)		259		288,959
3.73%, 12/15/24 (Call 09/15/24)		228		249,475
Bristol-Myers Squibb Co.
1.45%, 11/13/30 (Call 08/13/30)		15		14,262
2.00%, 08/01/22		230		234,768
2.90%, 07/26/24 (Call 06/26/24)		476		510,315
3.20%, 06/15/26 (Call 04/15/26)		425		467,912
3.25%, 08/15/22		282		292,217
3.25%, 02/20/23 (Call 01/20/23)		29		30,412
3.25%, 11/01/23		200		214,226
3.25%, 02/27/27		221		245,288
3.40%, 07/26/29 (Call 04/26/29)		870		965,265
3.45%, 11/15/27 (Call 08/15/27)		191		213,767
3.55%, 08/15/22		270		280,851
3.88%, 08/15/25 (Call 05/15/25)		170		190,691
3.90%, 02/20/28 (Call 11/20/27)		310		352,926
Cardinal Health Inc.
2.62%, 06/15/22 (Call 05/15/22)		180		183,755
3.08%, 06/15/24 (Call 04/15/24)		365		389,207
3.41%, 06/15/27 (Call 03/15/27)		315		344,979
3.50%, 11/15/24 (Call 08/15/24)		200		217,068
3.75%, 09/15/25 (Call 06/15/25)		40		44,236
Cigna Corp.
2.38%, 03/15/31 (Call 12/15/30)		135		134,942
2.40%, 03/15/30 (Call 12/15/29)		544		549,652
3.00%, 07/15/23 (Call 05/16/23)		196		205,871
3.05%, 11/30/22 (Call 10/31/22)		185		192,082
3.05%, 10/15/27 (Call 07/15/27)		260		280,951
3.25%, 04/15/25 (Call 01/15/25)		190		205,857

	Par
Security	(000)		Value
Pharmaceuticals (continued)
3.40%, 03/01/27 (Call 12/01/26)	$	165	$	181,441
3.50%, 06/15/24 (Call 03/17/24)		200		216,030
3.75%, 07/15/23 (Call 06/15/23)		108		115,329
4.13%, 11/15/25 (Call 09/15/25)		324		365,303
4.38%, 10/15/28 (Call 07/15/28)		595		687,219
4.50%, 02/25/26 (Call 11/27/25)		276		315,899
CVS Health Corp.
1.30%, 08/21/27 (Call 06/21/27)		525		512,946
1.75%, 08/21/30 (Call 05/21/30)		495		471,517
1.88%, 02/28/31 (Call 11/28/30)		400		382,136
2.75%, 12/01/22 (Call 09/01/22)		413		425,758
2.88%, 06/01/26 (Call 03/01/26)		425		456,399
3.25%, 08/15/29 (Call 05/15/29)		417		449,026
3.38%, 08/12/24 (Call 05/12/24)		225		243,292
3.75%, 04/01/30 (Call 01/01/30)		293		324,761
4.10%, 03/25/25 (Call 01/25/25)		65		72,507
4.30%, 03/25/28 (Call 12/25/27)		1,142		1,309,486
Eli Lilly & Co.
3.10%, 05/15/27 (Call 02/15/27)		115		126,115
3.38%, 03/15/29 (Call 12/15/28)		390		433,001
GlaxoSmithKline Capital Inc.
2.80%, 03/18/23		572		598,083
3.38%, 05/15/23		476		504,569
3.63%, 05/15/25		118		130,788
3.88%, 05/15/28		390		443,641
GlaxoSmithKline Capital PLC
2.88%, 06/01/22 (Call 05/01/22)		259		265,454
3.00%, 06/01/24 (Call 05/01/24)		274		294,117
3.38%, 06/01/29 (Call 03/01/29)		55		60,555
Johnson & Johnson
2.05%, 03/01/23 (Call 01/01/23)		225		231,646
2.45%, 03/01/26 (Call 12/01/25)		752		805,362
2.63%, 01/15/25 (Call 11/15/24)		75		80,318
2.90%, 01/15/28 (Call 10/15/27)		185		202,440
2.95%, 03/03/27 (Call 12/03/26)		250		274,492
3.38%, 12/05/23		304		328,752
McKesson Corp.
2.70%, 12/15/22 (Call 09/15/22)		245		252,286
2.85%, 03/15/23 (Call 12/15/22)		160		165,774
3.80%, 03/15/24 (Call 12/15/23)		395		428,038
3.95%, 02/16/28 (Call 11/16/27)		90		101,604
4.75%, 05/30/29 (Call 02/28/29)		54		63,932
Mead Johnson Nutrition Co., 4.13%, 11/15/25
(Call 08/15/25)		270		305,008
Merck & Co. Inc.
0.75%, 02/24/26 (Call 01/24/26)		15		14,928
2.40%, 09/15/22 (Call 06/15/22)		30		30,680
2.75%, 02/10/25 (Call 11/10/24)		695		744,567
2.80%, 05/18/23		588		617,106
2.90%, 03/07/24 (Call 02/07/24)		162		172,977
3.40%, 03/07/29 (Call 12/07/28)		400		445,132
Mylan Inc.
4.20%, 11/29/23 (Call 08/29/23)		82		88,232
4.55%, 04/15/28 (Call 01/15/28)		135		154,275
Novartis Capital Corp.
2.00%, 02/14/27 (Call 12/14/26)		376		391,457
2.40%, 09/21/22		375		385,961
3.00%, 11/20/25 (Call 08/20/25)		9		9,795
3.10%, 05/17/27 (Call 02/17/27)		318		349,142
3.40%, 05/06/24		571		621,682

23

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Pharmaceuticals (continued)
Perrigo Finance Unlimited Co., 4.38%, 03/15/26
(Call 12/15/25)	$	250	$	276,520
Pfizer Inc.
0.80%, 05/28/25 (Call 04/28/25)		320		321,930
1.70%, 05/28/30 (Call 02/28/30)		227		222,455
2.63%, 04/01/30 (Call 01/01/30)		56		59,027
2.75%, 06/03/26		195		211,577
2.95%, 03/15/24 (Call 02/15/24)		90		96,385
3.00%, 06/15/23		315		332,505
3.00%, 12/15/26		348		382,685
3.20%, 09/15/23 (Call 08/15/23)		141		150,039
3.40%, 05/15/24		385		420,020
3.45%, 03/15/29 (Call 12/15/28)		202		225,062
3.60%, 09/15/28 (Call 06/15/28)		555		623,903
Sanofi
3.38%, 06/19/23 (Call 05/19/23)		280		296,996
3.63%, 06/19/28 (Call 03/19/28)		245		277,137
Shire Acquisitions Investments Ireland DAC
2.88%, 09/23/23 (Call 07/23/23)		438		460,176
3.20%, 09/23/26 (Call 06/23/26)		690		754,591
Takeda Pharmaceutical Co. Ltd.
2.05%, 03/31/30 (Call 12/31/29)		335		326,983
4.40%, 11/26/23 (Call 10/26/23)		290		316,390
5.00%, 11/26/28 (Call 08/26/28)		300		358,650
Utah Acquisition Sub Inc., 3.95%, 06/15/26 (Call 03/15/26)		514		568,690
Viatris Inc.
1.13%, 06/22/22(c)		400		402,892
1.65%, 06/22/25 (Call 05/22/25)(c)		320		324,602
2.30%, 06/22/27 (Call 04/22/27)(c)		30		30,634
2.70%, 06/22/30 (Call 03/22/30)(c)		230		229,915
Wyeth LLC, 6.45%, 02/01/24		15		17,385
Zoetis Inc.
2.00%, 05/15/30 (Call 02/15/30)		25		24,480
3.00%, 09/12/27 (Call 06/12/27)		160		172,576
3.25%, 02/01/23 (Call 11/01/22)		321		334,161
3.90%, 08/20/28 (Call 05/20/28)		223		251,754
4.50%, 11/13/25 (Call 08/13/25)		116		132,159
				45,838,874
Pipelines — 1.1%
Boardwalk Pipelines LP
3.38%, 02/01/23 (Call 11/01/22)		165		171,237
4.45%, 07/15/27 (Call 04/15/27)		15		17,061
4.80%, 05/03/29 (Call 02/03/29)		115		131,300
4.95%, 12/15/24 (Call 09/15/24)		130		146,188
5.95%, 06/01/26 (Call 03/01/26)		65		77,339
Cheniere Corpus Christi Holdings LLC
3.70%, 11/15/29 (Call 05/18/29)		405		436,618
5.13%, 06/30/27 (Call 01/01/27)		299		347,169
5.88%, 03/31/25 (Call 10/02/24)		374		430,040
Columbia Pipeline Group Inc., 4.50%, 06/01/25
(Call 03/01/25)		227		256,204
Enable Midstream Partners LP
3.90%, 05/15/24 (Call 02/15/24)		165		176,608
4.15%, 09/15/29 (Call 06/15/29)		135		145,477
4.40%, 03/15/27 (Call 12/15/26)		102		112,788
4.95%, 05/15/28 (Call 02/15/28)		151		171,246
Enbridge Energy Partners LP, 5.88%, 10/15/25
(Call 07/15/25)		130		154,394
Enbridge Inc.
3.50%, 06/10/24 (Call 03/10/24)		225		241,477

	Par
Security	(000)		Value
Pipelines (continued)
3.70%, 07/15/27 (Call 04/15/27)	$	230	$	253,752
4.25%, 12/01/26 (Call 09/01/26)		251		283,592
Energy Transfer LP
2.90%, 05/15/25 (Call 04/15/25)		215		226,685
3.45%, 01/15/23 (Call 10/15/22)		110		113,973
3.60%, 02/01/23 (Call 11/01/22)		257		267,062
4.05%, 03/15/25 (Call 12/15/24)		291		316,538
4.20%, 04/15/27 (Call 01/15/27)		277		305,573
4.25%, 03/15/23 (Call 12/15/22)		215		226,490
4.25%, 04/01/24 (Call 01/01/24)		77		83,418
4.50%, 04/15/24 (Call 03/15/24)		287		314,647
4.75%, 01/15/26 (Call 10/15/25)		340		382,194
4.90%, 02/01/24 (Call 11/01/23)		120		131,138
4.95%, 06/15/28 (Call 03/15/28)		334		383,806
5.25%, 04/15/29 (Call 01/15/29)		421		491,134
5.50%, 06/01/27 (Call 03/01/27)		243		284,529
5.95%, 12/01/25 (Call 09/01/25)		24		28,274
Series 5Y, 4.20%, 09/15/23 (Call 08/15/23)		102		109,378
Energy Transfer Partners LP/Regency Energy Finance
Corp., 5.00%, 10/01/22 (Call 07/01/22)		235		245,876
Enterprise Products Operating LLC
2.80%, 01/31/30 (Call 10/31/29)		415		432,559
3.13%, 07/31/29 (Call 04/30/29)		235		250,682
3.35%, 03/15/23 (Call 12/15/22)		399		416,923
3.70%, 02/15/26 (Call 11/15/25)		110		122,389
3.75%, 02/15/25 (Call 11/15/24)		344		376,979
3.90%, 02/15/24 (Call 11/15/23)		360		389,826
3.95%, 02/15/27 (Call 11/15/26)		190		213,562
4.15%, 10/16/28 (Call 07/16/28)		100		113,797
5.38%, 02/15/78 (Call 02/15/28)(b)		200		202,634
Series E, 5.25%, 08/16/77 (Call 08/16/27)(b)		100		102,578
Kinder Morgan Energy Partners LP
3.45%, 02/15/23 (Call 11/15/22)		213		222,244
3.50%, 09/01/23 (Call 06/01/23)		184		195,055
4.25%, 09/01/24 (Call 06/01/24)		100		110,402
4.30%, 05/01/24 (Call 02/01/24)		155		169,885
Kinder Morgan Inc.
2.00%, 02/15/31 (Call 11/15/30)		207		196,329
3.15%, 01/15/23 (Call 12/15/22)		253		263,684
4.30%, 03/01/28 (Call 12/01/27)		355		402,201
Magellan Midstream Partners LP, 5.00%, 03/01/26
(Call 12/01/25)		60		69,401
MPLX LP
1.75%, 03/01/26 (Call 02/01/26)		326		330,613
2.65%, 08/15/30 (Call 05/15/30)		295		293,838
3.38%, 03/15/23 (Call 02/15/23)		128		134,211
3.50%, 12/01/22 (Call 11/01/22)		295		307,242
4.00%, 02/15/25 (Call 11/15/24)		60		65,786
4.00%, 03/15/28 (Call 12/15/27)		250		277,587
4.13%, 03/01/27 (Call 12/01/26)		350		392,532
4.50%, 07/15/23 (Call 04/15/23)		105		112,633
4.88%, 12/01/24 (Call 09/01/24)		259		292,173
4.88%, 06/01/25 (Call 03/01/25)		455		514,195
ONEOK Inc.
2.20%, 09/15/25 (Call 08/15/25)		5		5,153
2.75%, 09/01/24 (Call 08/01/24)		95		100,451
3.10%, 03/15/30 (Call 12/15/29)		50		51,461
3.40%, 09/01/29 (Call 06/01/29)		156		164,337
4.00%, 07/13/27 (Call 04/13/27)		116		128,328
4.35%, 03/15/29 (Call 12/15/28)		165		184,633

24

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Pipelines (continued)
4.55%, 07/15/28 (Call 04/15/28)	$	160	$	180,851
5.85%, 01/15/26 (Call 12/15/25)		410		487,215
6.35%, 01/15/31 (Call 10/15/30)		30		38,126
7.50%, 09/01/23 (Call 06/01/23)		110		124,734
ONEOK Partners LP
3.38%, 10/01/22 (Call 07/01/22)		288		296,911
4.90%, 03/15/25 (Call 12/15/24)		122		136,957
5.00%, 09/15/23 (Call 06/15/23)		100		108,533
Phillips 66 Partners LP
2.45%, 12/15/24 (Call 11/15/24)		138		144,322
3.15%, 12/15/29 (Call 09/15/29)		25		25,963
3.55%, 10/01/26 (Call 07/01/26)		90		98,472
3.61%, 02/15/25 (Call 11/15/24)		10		10,798
3.75%, 03/01/28 (Call 12/01/27)		160		174,014
Plains All American Pipeline LP/PAA Finance Corp.
3.60%, 11/01/24 (Call 08/01/24)		440		473,176
3.80%, 09/15/30 (Call 06/15/30)		50		52,589
3.85%, 10/15/23 (Call 07/15/23)		195		206,684
4.50%, 12/15/26 (Call 09/15/26)		261		292,482
4.65%, 10/15/25 (Call 07/15/25)		387		432,697
Sabine Pass Liquefaction LLC
4.20%, 03/15/28 (Call 09/15/27)		94		105,046
4.50%, 05/15/30 (Call 11/15/29)		252		286,189
5.00%, 03/15/27 (Call 09/15/26)		329		381,012
5.63%, 04/15/23 (Call 01/15/23)		275		296,926
5.63%, 03/01/25 (Call 12/01/24)		460		528,706
5.75%, 05/15/24 (Call 02/15/24)		500		564,640
5.88%, 06/30/26 (Call 12/31/25)		285		338,435
Spectra Energy Partners LP
3.38%, 10/15/26 (Call 07/15/26)		151		164,077
3.50%, 03/15/25 (Call 12/15/24)		155		167,961
TC PipeLines LP
3.90%, 05/25/27 (Call 02/25/27)		110		121,547
4.38%, 03/13/25 (Call 12/13/24)		80		88,631
Tennessee Gas Pipeline Co. LLC, 7.00%, 10/15/28		110		141,325
TransCanada PipeLines Ltd.
2.50%, 08/01/22		360		369,306
3.75%, 10/16/23 (Call 07/16/23)		256		273,546
4.10%, 04/15/30 (Call 01/15/30)		220		250,098
4.25%, 05/15/28 (Call 02/15/28)		260		296,699
4.88%, 01/15/26 (Call 10/15/25)		105		121,487
Transcontinental Gas Pipe Line Co. LLC
4.00%, 03/15/28 (Call 12/15/27)		255		286,747
7.85%, 02/01/26 (Call 11/01/25)		195		248,953
Valero Energy Partners LP, 4.38%, 12/15/26
(Call 09/15/26)		30		34,119
Williams Companies Inc. (The)
3.35%, 08/15/22 (Call 05/15/22)		265		272,441
3.50%, 11/15/30 (Call 08/15/30)		55		59,213
3.70%, 01/15/23 (Call 10/15/22)		30		31,316
3.75%, 06/15/27 (Call 03/15/27)		624		692,815
3.90%, 01/15/25 (Call 10/15/24)		388		425,729
4.00%, 09/15/25 (Call 06/15/25)		80		89,037
4.30%, 03/04/24 (Call 12/04/23)		160		175,058
4.55%, 06/24/24 (Call 03/24/24)		43		47,608
				25,212,699

	Par
Security	(000)		Value
Real Estate — 0.0%
CBRE Services Inc.
2.50%, 04/01/31 (Call 01/01/31)	$	400	$	397,644
4.88%, 03/01/26 (Call 12/01/25)		45		52,206
				449,850
Real Estate Investment Trusts — 1.8%
Agree LP, 2.90%, 10/01/30 (Call 07/01/30)		86		88,785
Alexandria Real Estate Equities Inc.
2.75%, 12/15/29 (Call 09/15/29)		70		72,448
3.45%, 04/30/25 (Call 02/28/25)		235		257,168
3.80%, 04/15/26 (Call 02/15/26)		179		199,959
3.95%, 01/15/27 (Call 10/15/26)		100		112,194
3.95%, 01/15/28 (Call 10/15/27)		100		112,406
4.90%, 12/15/30 (Call 09/15/30)		60		72,353
American Campus Communities Operating Partnership LP
2.85%, 02/01/30 (Call 11/01/29)		190		193,378
3.30%, 07/15/26 (Call 05/15/26)		200		216,204
3.63%, 11/15/27 (Call 08/15/27)		25		27,442
3.75%, 04/15/23 (Call 01/15/23)		10		10,516
American Homes 4 Rent LP, 4.25%, 02/15/28
(Call 11/15/27)		170		189,509
American Tower Corp.
0.60%, 01/15/24		350		349,989
1.50%, 01/31/28 (Call 11/30/27)		300		290,493
1.88%, 10/15/30 (Call 07/15/30)		470		447,196
2.10%, 06/15/30 (Call 03/15/30)		35		33,820
2.40%, 03/15/25 (Call 02/15/25)		175		183,214
2.75%, 01/15/27 (Call 11/15/26)		390		411,052
2.95%, 01/15/25 (Call 12/15/24)		172		183,232
3.13%, 01/15/27 (Call 10/15/26)		178		190,925
3.38%, 05/15/24 (Call 04/15/24)		207		222,500
3.38%, 10/15/26 (Call 07/15/26)		211		230,252
3.50%, 01/31/23		384		403,369
3.55%, 07/15/27 (Call 04/15/27)		205		224,534
3.60%, 01/15/28 (Call 10/15/27)		65		71,066
3.80%, 08/15/29 (Call 05/15/29)		174		191,750
3.95%, 03/15/29 (Call 12/15/28)		124		137,753
4.00%, 06/01/25 (Call 03/01/25)		170		187,984
4.40%, 02/15/26 (Call 11/15/25)		186		210,450
5.00%, 02/15/24		150		167,292
AvalonBay Communities Inc.
2.30%, 03/01/30 (Call 12/01/29)		250		251,745
2.45%, 01/15/31 (Call 10/15/30)		420		424,255
3.35%, 05/15/27 (Call 02/15/27)		50		54,814
3.45%, 06/01/25 (Call 03/03/25)		281		307,498
Boston Properties LP
2.55%, 04/01/32 (Call 01/01/32)		300		293,715
2.75%, 10/01/26 (Call 07/01/26)		295		315,980
2.90%, 03/15/30 (Call 12/15/29)		147		150,160
3.13%, 09/01/23 (Call 06/01/23)		171		179,605
3.20%, 01/15/25 (Call 10/15/24)		240		257,681
3.40%, 06/21/29 (Call 03/21/29)		190		203,313
3.65%, 02/01/26 (Call 11/03/25)		243		268,578
3.80%, 02/01/24 (Call 11/01/23)		209		224,805
3.85%, 02/01/23 (Call 11/01/22)		288		301,844
Brandywine Operating Partnership LP, 3.95%, 11/15/27
(Call 08/15/27)		110		119,690
Brixmor Operating Partnership LP
3.25%, 09/15/23 (Call 07/15/23)		265		279,490
3.65%, 06/15/24 (Call 04/15/24)		230		248,658
3.90%, 03/15/27 (Call 12/15/26)		160		176,115

25

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Real Estate Investment Trusts (continued)
4.13%, 06/15/26 (Call 03/15/26)	$	230	$	257,225
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)		280		290,744
2.95%, 12/15/22 (Call 09/15/22)		55		56,879
4.10%, 10/15/28 (Call 07/15/28)		118		133,772
CC Holdings GS V LLC/Crown Castle GS III Corp., 3.85%,
04/15/23		231		245,456
Columbia Property Trust Operating Partnership LP
3.65%, 08/15/26 (Call 05/15/26)		180		188,114
4.15%, 04/01/25 (Call 01/01/25)		27		28,781
Corporate Office Properties LP, 5.00%, 07/01/25
(Call 04/01/25)		110		124,280
Crown Castle International Corp.
1.05%, 07/15/26 (Call 06/15/26)		423		414,806
2.10%, 04/01/31 (Call 01/01/31)		520		496,922
3.20%, 09/01/24 (Call 07/01/24)		342		366,846
3.65%, 09/01/27 (Call 06/01/27)		180		198,056
3.70%, 06/15/26 (Call 03/15/26)		263		290,297
3.80%, 02/15/28 (Call 11/15/27)		364		401,878
4.00%, 03/01/27 (Call 12/01/26)		239		267,635
4.45%, 02/15/26 (Call 11/15/25)		304		344,353
CubeSmart LP
3.13%, 09/01/26 (Call 06/01/26)		30		32,258
4.00%, 11/15/25 (Call 08/15/25)		135		149,625
4.38%, 12/15/23 (Call 09/15/23)		100		108,543
4.38%, 02/15/29 (Call 11/15/28)		100		113,228
CyrusOne LP/CyrusOne Finance Corp.
2.90%, 11/15/24 (Call 10/15/24)		280		296,974
3.45%, 11/15/29 (Call 08/15/29)		216		227,316
Digital Realty Trust LP
3.60%, 07/01/29 (Call 04/01/29)		351		387,006
3.70%, 08/15/27 (Call 05/15/27)		186		208,536
4.45%, 07/15/28 (Call 04/15/28)		156		179,445
4.75%, 10/01/25 (Call 07/01/25)		59		67,463
Duke Realty LP
1.75%, 07/01/30 (Call 04/01/30)		140		132,744
1.75%, 02/01/31 (Call 11/01/30)		130		123,087
2.88%, 11/15/29 (Call 08/15/29)		115		119,637
3.38%, 12/15/27 (Call 09/15/27)		165		181,048
3.75%, 12/01/24 (Call 09/01/24)		35		38,280
4.00%, 09/15/28 (Call 06/15/28)		95		106,723
Equinix Inc.
1.00%, 09/15/25 (Call 08/15/25)		260		258,625
1.45%, 05/15/26 (Call 04/15/26)		295		296,876
1.55%, 03/15/28 (Call 01/15/28)		235		229,226
1.80%, 07/15/27 (Call 05/15/27)		285		285,285
2.00%, 05/15/28 (Call 03/15/28)		215		215,458
2.50%, 05/15/31 (Call 02/15/31)		245		244,895
2.90%, 11/18/26 (Call 09/18/26)		326		348,008
3.20%, 11/18/29 (Call 08/18/29)		318		336,660
ERP Operating LP
2.85%, 11/01/26 (Call 08/01/26)		339		363,506
3.00%, 04/15/23 (Call 01/15/23)		280		292,415
3.00%, 07/01/29 (Call 04/01/29)		178		188,867
3.25%, 08/01/27 (Call 05/01/27)		60		65,462
4.15%, 12/01/28 (Call 09/01/28)		174		197,828
Essex Portfolio LP
1.65%, 01/15/31 (Call 10/15/30)		99		91,605
2.55%, 06/15/31 (Call 03/15/31)		100		100,219
3.25%, 05/01/23 (Call 02/01/23)		130		135,988

	Par
Security	(000)		Value
Real Estate Investment Trusts (continued)
3.38%, 04/15/26 (Call 01/15/26)	$	275	$	299,590
3.50%, 04/01/25 (Call 01/01/25)		125		135,732
3.63%, 05/01/27 (Call 02/01/27)		25		27,636
3.88%, 05/01/24 (Call 02/01/24)		425		460,356
4.00%, 03/01/29 (Call 12/01/28)		35		39,218
Extra Space Storage LP, 2.55%, 06/01/31 (Call 03/01/31)		300		299,517
Federal Realty Investment Trust
3.20%, 06/15/29 (Call 03/15/29)		150		158,820
3.50%, 06/01/30 (Call 03/01/30)		50		53,805
3.95%, 01/15/24 (Call 10/15/23)		60		64,696
GLP Capital LP/GLP Financing II Inc.
5.25%, 06/01/25 (Call 03/01/25)		54		61,007
5.30%, 01/15/29 (Call 10/15/28)		100		115,331
5.38%, 11/01/23 (Call 08/01/23)		305		334,027
5.38%, 04/15/26 (Call 01/15/26)		520		594,313
5.75%, 06/01/28 (Call 03/03/28)		296		347,152
Healthcare Realty Trust Inc., 3.63%, 01/15/28
(Call 10/15/27)		65		70,786
Healthcare Trust of America Holdings LP
3.10%, 02/15/30 (Call 11/15/29)		75		78,531
3.50%, 08/01/26 (Call 05/01/26)		135		148,997
3.75%, 07/01/27 (Call 04/01/27)		150		167,593
Healthpeak Properties Inc.
3.00%, 01/15/30 (Call 10/15/29)		205		214,639
3.40%, 02/01/25 (Call 11/01/24)		2		2,161
4.00%, 06/01/25 (Call 03/01/25)		253		280,344
Highwoods Realty LP, 4.20%, 04/15/29 (Call 01/15/29)		185		206,110
Host Hotels & Resorts LP
Series D, 3.75%, 10/15/23 (Call 07/15/23)		275		290,524
Series E, 4.00%, 06/15/25 (Call 03/15/25)		250		270,882
Hudson Pacific Properties LP
3.95%, 11/01/27 (Call 08/01/27)		10		10,895
4.65%, 04/01/29 (Call 01/01/29)		155		176,888
Kilroy Realty LP
3.45%, 12/15/24 (Call 09/15/24)		210		225,361
4.25%, 08/15/29 (Call 05/15/29)		55		61,366
4.38%, 10/01/25 (Call 07/01/25)		65		72,342
Kimco Realty Corp.
1.90%, 03/01/28 (Call 01/01/28)		50		49,791
2.80%, 10/01/26 (Call 07/01/26)		151		160,650
3.13%, 06/01/23 (Call 03/01/23)		128		134,067
3.30%, 02/01/25 (Call 12/01/24)		150		162,549
3.80%, 04/01/27 (Call 01/01/27)		50		55,535
Life Storage LP
3.88%, 12/15/27 (Call 09/15/27)		30		33,674
4.00%, 06/15/29 (Call 03/15/29)		175		193,336
LifeStorage LP/CA, 3.50%, 07/01/26 (Call 04/01/26)		225		246,465
Mid-America Apartments LP
1.70%, 02/15/31 (Call 11/15/30)		75		70,081
3.60%, 06/01/27 (Call 03/01/27)		300		332,874
3.75%, 06/15/24 (Call 03/15/24)		31		33,636
3.95%, 03/15/29 (Call 12/15/28)		115		128,822
4.30%, 10/15/23 (Call 07/15/23)		325		349,960
National Retail Properties Inc.
3.50%, 10/15/27 (Call 07/15/27)		155		168,240
4.30%, 10/15/28 (Call 07/15/28)		82		92,576
Office Properties Income Trust
4.25%, 05/15/24 (Call 02/15/24)		110		117,454
4.50%, 02/01/25 (Call 11/01/24)		125		135,156

26

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Real Estate Investment Trusts (continued)
Omega Healthcare Investors Inc.
3.63%, 10/01/29 (Call 07/01/29)	$	125	$	131,879
4.50%, 04/01/27 (Call 01/01/27)		175		194,974
4.75%, 01/15/28 (Call 10/15/27)		199		222,759
4.95%, 04/01/24 (Call 01/01/24)		150		163,935
5.25%, 01/15/26 (Call 10/15/25)		10		11,454
Physicians Realty LP
3.95%, 01/15/28 (Call 10/15/27)		55		59,636
4.30%, 03/15/27 (Call 12/15/26)		75		84,737
Piedmont Operating Partnership LP
3.40%, 06/01/23 (Call 03/01/23)		175		182,266
4.45%, 03/15/24 (Call 12/15/23)		100		108,174
Prologis LP
1.25%, 10/15/30 (Call 07/15/30)		195		180,601
2.13%, 04/15/27 (Call 02/15/27)		281		291,656
2.25%, 04/15/30 (Call 01/15/30)		375		376,931
3.25%, 10/01/26 (Call 07/01/26)		17		18,735
3.88%, 09/15/28 (Call 06/15/28)		50		56,530
4.38%, 02/01/29 (Call 11/01/28)		25		29,180
Public Storage
1.85%, 05/01/28 (Call 03/01/28)		245		245,808
2.30%, 05/01/31 (Call 02/01/31)		210		210,380
3.09%, 09/15/27 (Call 06/15/27)		355		387,990
3.39%, 05/01/29 (Call 02/01/29)		106		116,642
Rayonier LP, 2.75%, 05/17/31 (Call 02/17/31)		90		90,732
Realty Income Corp.
0.75%, 03/15/26 (Call 02/15/26)		275		269,046
3.00%, 01/15/27 (Call 10/15/26)		155		167,226
3.25%, 01/15/31 (Call 10/15/30)		265		284,398
3.65%, 01/15/28 (Call 10/15/27)		115		126,925
3.88%, 07/15/24 (Call 04/15/24)		110		119,742
3.88%, 04/15/25 (Call 02/15/25)		100		110,534
4.65%, 08/01/23 (Call 05/01/23)		305		329,336
Regency Centers LP
2.95%, 09/15/29 (Call 06/15/29)		275		285,098
3.60%, 02/01/27 (Call 11/01/26)		111		122,919
3.70%, 06/15/30 (Call 03/15/30)		10		10,947
Sabra Health Care LP
3.90%, 10/15/29 (Call 07/15/29)		170		177,291
5.13%, 08/15/26 (Call 05/15/26)		150		168,426
Safehold Operating Partnership LP, 2.80%, 06/15/31
(Call 03/15/31)		100		99,027
Simon Property Group LP
2.00%, 09/13/24 (Call 06/13/24)		273		284,439
2.63%, 06/15/22 (Call 03/15/22)		201		204,747
2.75%, 02/01/23 (Call 11/01/22)		230		238,140
2.75%, 06/01/23 (Call 03/01/23)		158		164,464
3.25%, 11/30/26 (Call 08/30/26)		200		218,316
3.30%, 01/15/26 (Call 10/15/25)		176		191,094
3.38%, 10/01/24 (Call 07/01/24)		283		305,145
3.38%, 06/15/27 (Call 03/15/27)		325		354,702
3.38%, 12/01/27 (Call 09/01/27)		102		111,512
3.50%, 09/01/25 (Call 06/01/25)		300		329,325
3.75%, 02/01/24 (Call 11/01/23)		150		161,575
SITE Centers Corp., 3.63%, 02/01/25 (Call 11/01/24)		100		105,283
Spirit Realty LP
3.40%, 01/15/30 (Call 10/15/29)		175		183,888
4.45%, 09/15/26 (Call 06/15/26)		191		214,040
STORE Capital Corp., 4.63%, 03/15/29 (Call 12/15/28)		135		152,628
Tanger Properties LP, 3.13%, 09/01/26 (Call 06/01/26)		182		191,014

	Par
Security	(000)		Value
Real Estate Investment Trusts (continued)
UDR Inc.
2.95%, 09/01/26 (Call 06/01/26)	$	294	$	315,647
3.50%, 07/01/27 (Call 04/01/27)		125		137,276
3.50%, 01/15/28 (Call 10/15/27)		100		108,536
Ventas Realty LP
3.00%, 01/15/30 (Call 10/15/29)		100		103,842
3.13%, 06/15/23 (Call 03/15/23)		260		271,627
3.25%, 10/15/26 (Call 07/15/26)		260		283,254
3.50%, 04/15/24 (Call 03/15/24)		236		253,799
3.50%, 02/01/25 (Call 11/01/24)		177		191,902
3.75%, 05/01/24 (Call 02/01/24)		257		277,467
3.85%, 04/01/27 (Call 01/01/27)		135		150,873
4.13%, 01/15/26 (Call 10/15/25)		100		112,360
4.40%, 01/15/29 (Call 10/15/28)		81		92,108
4.75%, 11/15/30 (Call 08/15/30)		35		41,281
VEREIT Operating Partnership LP
3.10%, 12/15/29 (Call 09/15/29)		210		221,292
4.60%, 02/06/24 (Call 11/06/23)		231		253,065
4.63%, 11/01/25 (Call 09/01/25)		50		56,913
4.88%, 06/01/26 (Call 03/01/26)		270		311,958
Vornado Realty LP, 3.50%, 01/15/25 (Call 11/15/24)		135		143,915
Welltower Inc.
2.70%, 02/15/27 (Call 12/15/26)		100		106,212
2.80%, 06/01/31 (Call 03/01/31)		285		288,862
3.63%, 03/15/24 (Call 02/15/24)		439		473,457
4.00%, 06/01/25 (Call 03/01/25)		321		355,809
4.25%, 04/15/28 (Call 01/15/28)		370		419,147
4.50%, 01/15/24 (Call 10/15/23)		324		353,053
Weyerhaeuser Co., 4.00%, 04/15/30 (Call 01/15/30)		470		530,155
WP Carey Inc.
4.00%, 02/01/25 (Call 11/01/24)		75		81,958
4.25%, 10/01/26 (Call 07/01/26)		40		45,122
4.60%, 04/01/24 (Call 01/01/24)		305		334,753
				42,871,413
Retail — 1.0%
AutoNation Inc.
3.50%, 11/15/24 (Call 09/15/24)		68		73,430
3.80%, 11/15/27 (Call 08/15/27)		125		137,484
4.50%, 10/01/25 (Call 07/01/25)		75		83,990
AutoZone Inc.
2.88%, 01/15/23 (Call 10/15/22)		202		208,751
3.13%, 07/15/23 (Call 04/15/23)		24		25,210
3.13%, 04/18/24 (Call 03/18/24)		90		96,145
3.13%, 04/21/26 (Call 01/21/26)		245		266,653
3.25%, 04/15/25 (Call 01/15/25)		205		221,295
3.63%, 04/15/25 (Call 03/15/25)		362		397,248
3.75%, 06/01/27 (Call 03/01/27)		210		234,253
3.75%, 04/18/29 (Call 01/18/29)		135		149,114
Best Buy Co. Inc.
1.95%, 10/01/30 (Call 07/01/30)		320		306,797
4.45%, 10/01/28 (Call 07/01/28)		45		51,856
Costco Wholesale Corp.
1.38%, 06/20/27 (Call 04/20/27)		315		316,852
2.75%, 05/18/24 (Call 03/18/24)		235		250,689
3.00%, 05/18/27 (Call 02/18/27)		375		411,765
Darden Restaurants Inc., 3.85%, 05/01/27 (Call 02/01/27)		224		248,398
Dollar General Corp.
3.25%, 04/15/23 (Call 01/15/23)		312		326,296
3.50%, 04/03/30 (Call 01/03/30)		184		200,350
3.88%, 04/15/27 (Call 01/15/27)		273		307,242

27

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Retail (continued)
4.13%, 05/01/28 (Call 02/01/28)	$	125	$	142,003
4.15%, 11/01/25 (Call 08/01/25)		76		85,341
Dollar Tree Inc.
3.70%, 05/15/23 (Call 04/15/23)		150		158,991
4.00%, 05/15/25 (Call 03/15/25)		181		200,611
4.20%, 05/15/28 (Call 02/15/28)		330		373,676
Home Depot Inc. (The)
0.90%, 03/15/28 (Call 01/15/28)(a)		460		446,922
1.38%, 03/15/31 (Call 12/15/30)		400		376,076
2.13%, 09/15/26 (Call 06/15/26)		208		219,012
2.50%, 04/15/27 (Call 02/15/27)		116		123,831
2.70%, 04/01/23 (Call 01/01/23)		236		245,409
2.70%, 04/15/30 (Call 01/15/30)		277		292,501
2.80%, 09/14/27 (Call 06/14/27)		213		231,197
2.95%, 06/15/29 (Call 03/15/29)		326		351,565
3.00%, 04/01/26 (Call 01/01/26)		136		148,507
3.35%, 09/15/25 (Call 06/15/25)		231		254,292
3.75%, 02/15/24 (Call 11/15/23)		154		166,639
3.90%, 12/06/28 (Call 09/06/28)		165		189,852
Lowe's Companies Inc.
1.30%, 04/15/28 (Call 02/15/28)		280		270,558
1.70%, 10/15/30 (Call 07/15/30)		130		123,139
2.50%, 04/15/26 (Call 01/15/26)		263		279,608
2.63%, 04/01/31 (Call 01/01/31)		510		519,251
3.10%, 05/03/27 (Call 02/03/27)		284		309,483
3.38%, 09/15/25 (Call 06/15/25)		441		483,980
4.50%, 04/15/30 (Call 01/15/30)		308		360,292
McDonald's Corp.
1.45%, 09/01/25 (Call 08/01/25)		130		132,928
2.13%, 03/01/30 (Call 12/01/29)		12		11,974
2.63%, 09/01/29 (Call 06/01/29)		234		243,713
3.25%, 06/10/24		138		148,765
3.30%, 07/01/25 (Call 06/01/25)		104		113,331
3.35%, 04/01/23 (Call 03/01/23)		285		300,322
3.38%, 05/26/25 (Call 02/26/25)		50		54,462
3.50%, 03/01/27 (Call 12/01/26)		356		394,366
3.50%, 07/01/27 (Call 05/01/27)		51		56,661
3.60%, 07/01/30 (Call 04/01/30)		412		456,574
3.70%, 01/30/26 (Call 10/30/25)		421		468,181
3.80%, 04/01/28 (Call 01/01/28)		175		196,810
O'Reilly Automotive Inc.
1.75%, 03/15/31 (Call 12/15/30)		50		47,258
3.55%, 03/15/26 (Call 12/15/25)		257		285,103
3.60%, 09/01/27 (Call 06/01/27)		229		254,811
3.85%, 06/15/23 (Call 03/15/23)		425		450,921
3.90%, 06/01/29 (Call 03/01/29)		19		21,207
4.35%, 06/01/28 (Call 03/01/28)		60		68,892
Starbucks Corp.
2.00%, 03/12/27 (Call 01/12/27)		30		30,853
2.25%, 03/12/30 (Call 12/12/29)		402		401,284
2.45%, 06/15/26 (Call 03/15/26)		355		375,317
2.70%, 06/15/22 (Call 04/15/22)		195		199,081
3.10%, 03/01/23 (Call 02/01/23)		290		303,418
3.50%, 03/01/28 (Call 12/01/27)		215		237,083
3.55%, 08/15/29 (Call 05/15/29)		226		249,109
3.80%, 08/15/25 (Call 06/15/25)		295		328,415
3.85%, 10/01/23 (Call 07/01/23)		254		272,496
Target Corp.
2.25%, 04/15/25 (Call 03/15/25)		294		310,917
2.35%, 02/15/30 (Call 11/15/29)		340		350,669

	Par
Security	(000)		Value
Retail (continued)
2.50%, 04/15/26	$	298	$	320,600
3.38%, 04/15/29 (Call 01/15/29)		227		252,456
3.50%, 07/01/24		297		323,522
TJX Companies Inc. (The)
2.25%, 09/15/26 (Call 06/15/26)		335		354,219
2.50%, 05/15/23 (Call 02/15/23)		211		218,999
3.75%, 04/15/27 (Call 06/04/21)		60		67,430
3.88%, 04/15/30 (Call 01/15/30)		175		197,407
Tractor Supply Co., 1.75%, 11/01/30 (Call 08/01/30)		110		103,656
Walgreen Co., 3.10%, 09/15/22		105		108,618
Walgreens Boots Alliance Inc., 3.45%, 06/01/26
(Call 03/01/26)		141		154,160
Walmart Inc.
2.35%, 12/15/22 (Call 11/15/22)		346		356,681
2.38%, 09/24/29 (Call 06/24/29)		10		10,497
2.55%, 04/11/23 (Call 01/11/23)		315		327,216
2.65%, 12/15/24 (Call 10/15/24)		433		464,198
2.85%, 07/08/24 (Call 06/08/24)		520		558,038
3.05%, 07/08/26 (Call 05/08/26)		202		221,838
3.25%, 07/08/29 (Call 04/08/29)		25		27,743
3.30%, 04/22/24 (Call 01/22/24)		399		429,643
3.40%, 06/26/23 (Call 05/26/23)		485		515,012
3.55%, 06/26/25 (Call 04/26/25)		392		435,073
3.70%, 06/26/28 (Call 03/26/28)		489		555,127
5.88%, 04/05/27		200		252,358
				23,685,966
Savings & Loans — 0.0%
People's United Financial Inc., 3.65%, 12/06/22
(Call 09/06/22)		233		242,241
Semiconductors — 0.8%
Altera Corp., 4.10%, 11/15/23		160		174,587
Analog Devices Inc.
2.88%, 06/01/23 (Call 03/01/23)		230		240,219
3.13%, 12/05/23 (Call 10/05/23)		80		84,938
3.50%, 12/05/26 (Call 09/05/26)		335		371,542
3.90%, 12/15/25 (Call 09/15/25)		95		106,142
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)		150		146,800
3.30%, 04/01/27 (Call 01/01/27)		292		323,291
3.90%, 10/01/25 (Call 07/01/25)		222		248,975
Broadcom Corp./Broadcom Cayman Finance Ltd.
3.13%, 01/15/25 (Call 11/15/24)		399		426,683
3.88%, 01/15/27 (Call 10/15/26)		551		606,061
Broadcom Inc.
1.95%, 02/15/28 (Call 12/15/27)(c)		265		262,753
2.45%, 02/15/31 (Call 11/15/30)(c)		635		610,222
3.15%, 11/15/25 (Call 10/15/25)		515		553,790
3.63%, 10/15/24 (Call 09/15/24)		245		266,406
4.15%, 11/15/30 (Call 08/15/30)		520		570,232
4.25%, 04/15/26 (Call 02/15/26)		573		642,528
4.75%, 04/15/29 (Call 01/15/29)		491		562,278
5.00%, 04/15/30 (Call 01/15/30)		460		532,754
Intel Corp.
2.60%, 05/19/26 (Call 02/19/26)		130		139,376
2.70%, 12/15/22		419		434,905
2.88%, 05/11/24 (Call 03/11/24)		339		362,849
3.15%, 05/11/27 (Call 02/11/27)		95		104,518
3.40%, 03/25/25 (Call 02/25/25)		548		601,408
3.70%, 07/29/25 (Call 04/29/25)		380		421,906

28

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Semiconductors (continued)
3.75%, 03/25/27 (Call 01/25/27)	$	261	$	294,781
3.90%, 03/25/30 (Call 12/25/29)		484		555,100
KLA Corp.
4.10%, 03/15/29 (Call 12/15/28)		149		169,502
4.65%, 11/01/24 (Call 08/01/24)		484		541,717
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		185		182,325
3.75%, 03/15/26 (Call 01/15/26)		327		366,505
3.80%, 03/15/25 (Call 12/15/24)		200		220,936
4.00%, 03/15/29 (Call 12/15/28)		130		148,703
Marvell Technology Inc.
1.65%, 04/15/26 (Call 03/15/26)(c)		180		180,245
2.45%, 04/15/28 (Call 02/15/28)(c)		200		201,768
2.95%, 04/15/31 (Call 01/15/31)(c)		95		96,278
4.88%, 06/22/28 (Call 03/22/28)(c)		140		160,517
Maxim Integrated Products Inc., 3.45%, 06/15/27
(Call 03/15/27)		130		142,844
Microchip Technology Inc., 4.33%, 06/01/23 (Call 05/01/23)		32		34,290
Micron Technology Inc.
2.50%, 04/24/23		142		147,245
4.19%, 02/15/27 (Call 12/15/26)		253		285,498
4.64%, 02/06/24 (Call 01/06/24)		73		80,320
4.66%, 02/15/30 (Call 11/15/29)		165		190,266
4.98%, 02/06/26 (Call 12/06/25)		258		297,794
5.33%, 02/06/29 (Call 11/06/28)		125		149,574
NVIDIA Corp.
2.85%, 04/01/30 (Call 01/01/30)		464		495,028
3.20%, 09/16/26 (Call 06/16/26)		165		182,369
NXP BV/NXP Funding LLC
4.88%, 03/01/24 (Call 02/01/24)(c)		404		447,761
5.35%, 03/01/26 (Call 01/01/26)(c)		90		105,322
5.55%, 12/01/28 (Call 09/01/28)(c)		23		27,952
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)(c)		375		378,217
2.70%, 05/01/25 (Call 04/01/25)(c)		45		47,627
3.40%, 05/01/30 (Call 02/01/30)(c)		115		124,144
3.88%, 06/18/26 (Call 04/18/26)(c)		100		111,264
4.30%, 06/18/29 (Call 03/18/29)(c)		320		364,099
QUALCOMM Inc.
1.30%, 05/20/28 (Call 02/20/28)		433		421,460
2.15%, 05/20/30 (Call 02/20/30)		220		221,925
2.60%, 01/30/23 (Call 12/30/22)		40		41,514
3.25%, 05/20/27 (Call 02/20/27)		383		423,345
Texas Instruments Inc.
1.38%, 03/12/25 (Call 02/12/25)		270		277,444
2.25%, 09/04/29 (Call 06/04/29)		25		25,644
2.63%, 05/15/24 (Call 03/15/24)		55		58,345
2.90%, 11/03/27 (Call 08/03/27)		116		126,532
Xilinx Inc.
2.38%, 06/01/30 (Call 03/01/30)		187		188,021
2.95%, 06/01/24 (Call 04/01/24)		323		344,412
				17,653,796
Shipbuilding — 0.0%
Huntington Ingalls Industries Inc., 3.48%, 12/01/27
(Call 09/01/27)		200		219,510
Software — 1.0%
Activision Blizzard Inc.
1.35%, 09/15/30 (Call 06/15/30)		80		73,549
3.40%, 09/15/26 (Call 06/15/26)		422		466,673

	Par
Security	(000)		Value
Software (continued)
Adobe Inc.
1.70%, 02/01/23.	$	111	$	113,747
1.90%, 02/01/25 (Call 01/01/25)		320		334,192
2.15%, 02/01/27 (Call 12/01/26)		180		189,374
2.30%, 02/01/30 (Call 11/01/29)		252		258,275
3.25%, 02/01/25 (Call 11/01/24)		320		347,709
Autodesk Inc.
2.85%, 01/15/30 (Call 10/15/29)		213		222,796
3.50%, 06/15/27 (Call 03/15/27)		210		231,979
4.38%, 06/15/25 (Call 03/15/25)		125		140,361
Broadridge Financial Solutions Inc.
2.60%, 05/01/31 (Call 02/01/31)		200		201,010
3.40%, 06/27/26 (Call 03/27/26)		230		251,878
CA Inc., 4.70%, 03/15/27 (Call 12/15/26)		75		84,508
Citrix Systems Inc.
3.30%, 03/01/30 (Call 12/01/29)		45		46,862
4.50%, 12/01/27 (Call 09/01/27)		179		204,001
Electronic Arts Inc.
1.85%, 02/15/31 (Call 11/15/30)		200		190,728
4.80%, 03/01/26 (Call 12/01/25)		290		336,055
Fidelity National Information Services Inc.
1.15%, 03/01/26 (Call 02/01/26)		325		322,927
1.65%, 03/01/28 (Call 01/01/28)		360		354,420
2.25%, 03/01/31 (Call 12/01/30)		465		456,630
Fiserv Inc.
2.25%, 06/01/27 (Call 04/01/27)		496		513,449
2.65%, 06/01/30 (Call 03/01/30)		402		411,113
2.75%, 07/01/24 (Call 06/01/24)		390		413,517
3.20%, 07/01/26 (Call 05/01/26)		355		386,226
3.50%, 07/01/29 (Call 04/01/29)		356		387,406
3.80%, 10/01/23 (Call 09/01/23)		163		175,212
3.85%, 06/01/25 (Call 03/01/25)		288		317,874
Intuit Inc.
0.65%, 07/15/23		290		292,181
0.95%, 07/15/25 (Call 06/15/25)		280		281,529
1.65%, 07/15/30 (Call 04/15/30)		250		241,645
Microsoft Corp.
2.00%, 08/08/23 (Call 06/08/23)		353		365,849
2.13%, 11/15/22		155		159,368
2.40%, 08/08/26 (Call 05/08/26)		759		810,604
2.65%, 11/03/22 (Call 09/03/22)		270		278,419
2.70%, 02/12/25 (Call 11/12/24)		400		430,136
2.88%, 02/06/24 (Call 12/06/23)		580		616,882
3.13%, 11/03/25 (Call 08/03/25)		651		714,258
3.30%, 02/06/27 (Call 11/06/26)		693		772,182
3.63%, 12/15/23 (Call 09/15/23)		503		542,209
Oracle Corp.
1.65%, 03/25/26 (Call 02/25/26)		265		268,811
2.30%, 03/25/28 (Call 01/25/28)		410		419,643
2.40%, 09/15/23 (Call 07/15/23)		448		466,659
2.50%, 10/15/22		547		563,684
2.50%, 04/01/25 (Call 03/01/25)		543		572,800
2.63%, 02/15/23 (Call 01/15/23)		449		466,084
2.65%, 07/15/26 (Call 04/15/26)		585		619,480
2.80%, 04/01/27 (Call 02/01/27)		401		426,720
2.88%, 03/25/31 (Call 12/25/30)		370		379,661
2.95%, 11/15/24 (Call 09/15/24)		577		617,390
2.95%, 05/15/25 (Call 02/15/25)		523		559,484
2.95%, 04/01/30 (Call 01/01/30)		625		651,587
3.25%, 11/15/27 (Call 08/15/27)		448		487,773

29

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Software (continued)
3.40%, 07/08/24 (Call 04/08/24)	$	333	$	358,941
3.63%, 07/15/23		398		424,690
Roper Technologies Inc.
1.00%, 09/15/25 (Call 08/15/25)		100		99,808
1.40%, 09/15/27 (Call 07/15/27)		35		34,399
1.75%, 02/15/31 (Call 11/15/30)		150		141,303
2.35%, 09/15/24 (Call 08/15/24)		115		121,057
2.95%, 09/15/29 (Call 06/15/29)		171		180,063
3.13%, 11/15/22 (Call 08/15/22)		275		284,171
3.65%, 09/15/23 (Call 08/15/23)		75		80,225
3.80%, 12/15/26 (Call 09/15/26)		250		280,058
4.20%, 09/15/28 (Call 06/15/28)		305		348,112
salesforce.com Inc.
3.25%, 04/11/23 (Call 03/11/23)		25		26,358
3.70%, 04/11/28 (Call 01/11/28)		220		248,987
ServiceNow Inc., 1.40%, 09/01/30 (Call 06/01/30)		313		287,321
VMware Inc.
3.90%, 08/21/27 (Call 05/21/27)		244		271,545
4.50%, 05/15/25 (Call 04/15/25)		11		12,333
4.65%, 05/15/27 (Call 03/15/27)		38		43,651
				22,680,531
Telecommunications — 1.0%
AT&T Inc.
1.65%, 02/01/28 (Call 12/01/27)		400		394,684
2.63%, 12/01/22 (Call 09/01/22)		136		139,918
2.95%, 07/15/26 (Call 04/15/26)		270		291,759
3.00%, 06/30/22 (Call 04/30/22)		538		551,332
3.80%, 02/15/27 (Call 11/15/26)		262		292,662
3.88%, 01/15/26 (Call 10/15/25)		275		307,477
3.90%, 03/11/24 (Call 12/11/23)		175		189,702
3.95%, 01/15/25 (Call 10/15/24)		250		276,967
4.05%, 12/15/23		150		163,446
4.10%, 02/15/28 (Call 11/15/27)		465		526,324
4.13%, 02/17/26 (Call 11/17/25)		494		558,339
4.25%, 03/01/27 (Call 12/01/26)		530		602,674
4.30%, 02/15/30 (Call 11/15/29)		601		685,284
4.35%, 03/01/29 (Call 12/01/28)		538		616,381
4.45%, 04/01/24 (Call 01/01/24)		275		302,393
British Telecommunications PLC
4.50%, 12/04/23 (Call 11/04/23)		215		235,161
9.63%, 12/15/30		30		46,652
Cisco Systems Inc.
2.20%, 09/20/23 (Call 07/20/23)		177		184,324
2.50%, 09/20/26 (Call 06/20/26)		305		328,857
2.60%, 02/28/23		181		188,660
2.95%, 02/28/26		183		199,737
3.50%, 06/15/25		111		123,076
3.63%, 03/04/24		155		168,908
Deutsche Telekom International Finance BV, 8.75%,
06/15/30		72		106,687
Juniper Networks Inc., 1.20%, 12/10/25 (Call 11/10/25)		40		39,785
Motorola Solutions Inc.
2.75%, 05/24/31 (Call 02/24/31)		330		330,112
4.60%, 02/23/28 (Call 11/23/27)		220		252,820
4.60%, 05/23/29 (Call 02/23/29)		396		455,428
Rogers Communications Inc.
2.90%, 11/15/26 (Call 08/15/26)		160		171,602
3.63%, 12/15/25 (Call 09/15/25)		200		220,872
4.10%, 10/01/23 (Call 07/01/23)		435		467,338
Telefonica Emisiones SA, 4.10%, 03/08/27		330		371,540

	Par
Security	(000)		Value
Telecommunications (continued)
Telefonica Europe BV, 8.25%, 09/15/30	$	35	$	50,281
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		80		85,084
3.70%, 09/15/27 (Call 06/15/27)		125		140,211
T-Mobile USA Inc.
2.05%, 02/15/28 (Call 12/15/27)		760		758,541
2.55%, 02/15/31 (Call 11/15/30)		505		501,500
3.50%, 04/15/25 (Call 03/15/25)		893		971,003
3.75%, 04/15/27 (Call 02/15/27)		637		702,267
3.88%, 04/15/30 (Call 01/15/30)		973		1,066,875
Verizon Communications Inc.
0.75%, 03/22/24		360		362,880
0.85%, 11/20/25 (Call 10/20/25)		680		673,479
1.45%, 03/20/26 (Call 02/20/26)		515		520,583
1.75%, 01/20/31 (Call 10/20/30)		735		692,149
2.10%, 03/22/28 (Call 01/22/28)		420		426,359
2.55%, 03/21/31 (Call 12/21/30)		735		740,395
2.63%, 08/15/26		556		591,022
3.00%, 03/22/27 (Call 01/22/27)		7		7,542
3.15%, 03/22/30 (Call 12/22/29)		585		623,300
3.38%, 02/15/25		620		675,484
3.50%, 11/01/24 (Call 08/01/24)		492		534,794
3.88%, 02/08/29 (Call 11/08/28)		15		16,935
4.02%, 12/03/29 (Call 09/03/29)		609		689,699
4.13%, 03/16/27		818		934,254
4.15%, 03/15/24 (Call 12/15/23)		149		162,665
Vodafone Group PLC
4.13%, 05/30/25		604		676,667
4.38%, 05/30/28		817		941,690
				23,336,560
Textiles — 0.0%
Mohawk Industries Inc., 3.85%, 02/01/23 (Call 11/01/22)		80		83,756
Toys, Games & Hobbies — 0.0%
Hasbro Inc.
2.60%, 11/19/22		50		51,513
3.00%, 11/19/24 (Call 10/19/24)		135		144,052
3.50%, 09/15/27 (Call 06/15/27)		65		70,978
3.55%, 11/19/26 (Call 09/19/26)		240		263,244
3.90%, 11/19/29 (Call 08/19/29)		180		197,721
				727,508
Transportation — 0.5%
Burlington Northern Santa Fe LLC
3.00%, 03/15/23 (Call 12/15/22)		254		264,810
3.00%, 04/01/25 (Call 01/01/25)		235		253,972
3.05%, 09/01/22 (Call 06/01/22)		125		128,493
3.25%, 06/15/27 (Call 03/15/27)		371		408,797
3.40%, 09/01/24 (Call 06/01/24)		234		254,101
3.75%, 04/01/24 (Call 01/01/24)		170		184,479
3.85%, 09/01/23 (Call 06/01/23)		335		358,741
Canadian National Railway Co., 2.95%, 11/21/24
(Call 08/21/24)		170		182,588
Canadian Pacific Railway Co.
2.05%, 03/05/30 (Call 12/05/29)		110		107,999
2.90%, 02/01/25 (Call 11/01/24)		290		309,033
4.00%, 06/01/28 (Call 03/01/28)		107		120,607
4.45%, 03/15/23 (Call 12/15/22)		40		42,438
CH Robinson Worldwide Inc., 4.20%, 04/15/28
(Call 01/15/28)		150		170,348

30

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Transportation (continued)
CSX Corp.
3.25%, 06/01/27 (Call 03/01/27)	$	275	$	301,262
3.35%, 11/01/25 (Call 08/01/25)		260		284,801
3.80%, 03/01/28 (Call 12/01/27)		465		521,186
FedEx Corp.
2.40%, 05/15/31 (Call 02/15/31)		160		160,149
3.10%, 08/05/29 (Call 05/05/29)		275		294,973
3.25%, 04/01/26 (Call 01/01/26)		215		235,700
3.40%, 02/15/28 (Call 11/15/27)		153		169,051
JB Hunt Transport Services Inc.
3.30%, 08/15/22 (Call 06/15/22)		105		108,164
3.88%, 03/01/26 (Call 01/01/26)		175		195,510
Kansas City Southern
2.88%, 11/15/29 (Call 08/15/29)		145		151,112
3.00%, 05/15/23 (Call 02/15/23)		125		129,999
Kirby Corp., 4.20%, 03/01/28 (Call 12/01/27)		101		112,353
Norfolk Southern Corp.
2.30%, 05/15/31 (Call 02/15/31)		800		801,376
2.55%, 11/01/29 (Call 08/01/29)		49		50,675
2.90%, 02/15/23 (Call 11/15/22)		369		382,524
2.90%, 06/15/26 (Call 03/15/26)		94		101,614
3.15%, 06/01/27 (Call 03/01/27)		135		147,188
3.65%, 08/01/25 (Call 06/01/25)		114		125,569
3.80%, 08/01/28 (Call 05/01/28)		120		134,923
3.85%, 01/15/24 (Call 10/15/23)		175		188,753
Ryder System Inc.
2.50%, 09/01/22 (Call 08/01/22)		110		112,713
2.50%, 09/01/24 (Call 08/01/24)		61		64,248
2.90%, 12/01/26 (Call 10/01/26)		107		114,899
3.40%, 03/01/23 (Call 02/01/23)		40		41,941
3.65%, 03/18/24 (Call 02/18/24)		40		43,205
3.75%, 06/09/23 (Call 05/09/23)		151		160,409
3.88%, 12/01/23 (Call 11/01/23)		167		180,191
Union Pacific Corp.
2.15%, 02/05/27 (Call 12/05/26)		305		317,484
2.38%, 05/20/31 (Call 02/20/31)		100		100,796
2.40%, 02/05/30 (Call 11/05/29)		150		153,149
2.75%, 03/01/26 (Call 12/01/25)		195		209,011
3.00%, 04/15/27 (Call 01/15/27)		215		233,585
3.25%, 01/15/25 (Call 10/15/24)		188		203,352
3.50%, 06/08/23 (Call 05/08/23)		357		378,798
3.70%, 03/01/29 (Call 12/01/28)		196		218,910
3.95%, 09/10/28 (Call 06/10/28)		337		384,258
4.16%, 07/15/22 (Call 04/15/22)		178		184,064
United Parcel Service Inc.
2.20%, 09/01/24 (Call 08/01/24)		47		49,507
2.40%, 11/15/26 (Call 08/15/26)		176		188,228
2.45%, 10/01/22		600		617,886
2.50%, 09/01/29 (Call 06/01/29)		42		43,988
3.05%, 11/15/27 (Call 08/15/27)		535		593,031
3.40%, 03/15/29 (Call 12/15/28)		36		40,106
3.90%, 04/01/25 (Call 03/01/25)		425		473,679
4.45%, 04/01/30 (Call 01/01/30)		78		93,276
				12,584,002
Trucking & Leasing — 0.0%
GATX Corp.
3.25%, 09/15/26 (Call 06/15/26)		110		119,225
3.50%, 03/15/28 (Call 12/15/27)		55		59,833
3.85%, 03/30/27 (Call 12/30/26)		140		155,557
4.35%, 02/15/24 (Call 01/15/24)		190		207,953

	Par
Security	(000)		Value
Trucking & Leasing (continued)
4.55%, 11/07/28 (Call 08/07/28)	$	80	$	92,733
4.70%, 04/01/29 (Call 01/01/29)		193		224,582
				859,883
Water — 0.1%
American Water Capital Corp.
2.30%, 06/01/31 (Call 03/01/31)		300		299,382
2.80%, 05/01/30 (Call 02/01/30)		85		89,058
2.95%, 09/01/27 (Call 06/01/27)		227		245,380
3.40%, 03/01/25 (Call 12/01/24)		210		228,818
3.45%, 06/01/29 (Call 03/01/29)		135		148,636
3.75%, 09/01/28 (Call 06/01/28)		120		134,717
Essential Utilities Inc.
2.40%, 05/01/31 (Call 02/01/31)		300		299,085
2.70%, 04/15/30 (Call 01/15/30)		4		4,109
3.57%, 05/01/29 (Call 02/01/29)		125		136,969
				1,586,154
Total Corporate Bonds & Notes — 34.4%
(Cost: $771,417,939)				802,349,887
Foreign Government Obligations(e)
Canada — 0.5%
Canada Government International Bond
1.63%, 01/22/25		775		805,992
2.00%, 11/15/22		240		246,444
Export Development Canada
1.38%, 02/24/23		565		576,633
2.63%, 02/21/24		500		531,010
2.75%, 03/15/23		410		428,667
Hydro-Quebec
Series HH, 8.50%, 12/01/29		125		186,015
Series IO, 8.05%, 07/07/24		51		62,366
Province of Alberta Canada
1.00%, 05/20/25		1,025		1,035,024
1.30%, 07/22/30		100		94,757
2.20%, 07/26/22		314		321,131
3.35%, 11/01/23		186		199,386
Province of British Columbia Canada
2.00%, 10/23/22		225		230,688
2.25%, 06/02/26		325		345,761
Province of Manitoba Canada
2.10%, 09/06/22		175		179,127
2.13%, 06/22/26		150		158,108
3.05%, 05/14/24		193		207,340
Province of New Brunswick Canada
2.50%, 12/12/22		100		103,116
3.63%, 02/24/28		150		170,702
Province of Ontario Canada
1.13%, 10/07/30		1,000		938,670
1.75%, 01/24/23		515		527,772
2.20%, 10/03/22		250		256,618
2.45%, 06/29/22		42		43,015
2.50%, 04/27/26		375		402,506
3.05%, 01/29/24		258		276,114
3.20%, 05/16/24		518		559,575
Province of Quebec Canada
0.60%, 07/23/25		600		596,544
2.50%, 04/20/26		390		419,242
2.63%, 02/13/23		180		187,254

31

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Canada (continued)
2.75%, 04/12/27	$	280	$	305,057
Series NJ, 7.50%, 07/15/23		100		114,765
Series NN, 7.13%, 02/09/24		275		323,004
Series PD, 7.50%, 09/15/29		297		425,212
Series QO, 2.88%, 10/16/24		230		247,933
Series QW, 2.50%, 04/09/24(a)		250		264,842
Series QX, 1.50%, 02/11/25		489		504,643
				12,275,033
Chile — 0.0%
Chile Government International Bond
2.25%, 10/30/22		255		261,138
2.45%, 01/31/31 (Call 10/31/30)		300		302,199
3.24%, 02/06/28 (Call 11/06/27)		435		471,614
				1,034,951
Colombia — 0.1%
Colombia Government International Bond
2.63%, 03/15/23 (Call 12/15/22)		305		311,866
3.00%, 01/30/30 (Call 10/30/29)		250		241,715
3.13%, 04/15/31 (Call 01/15/31)		500		481,400
3.88%, 04/25/27 (Call 01/25/27)		535		565,928
4.00%, 02/26/24 (Call 11/26/23)		230		244,078
4.50%, 01/28/26 (Call 10/28/25)		330		359,971
4.50%, 03/15/29 (Call 12/15/28)		250		270,372
8.13%, 05/21/24		112		132,616
				2,607,946
Germany — 0.0%
FMS Wertmanagement, 2.75%, 01/30/24		800		851,264
Hungary — 0.0%
Hungary Government International Bond
5.38%, 02/21/23		299		324,995
5.38%, 03/25/24		449		509,022
5.75%, 11/22/23		163		184,047
				1,018,064
Indonesia — 0.1%
Indonesia Government International Bond
2.85%, 02/14/30		200		208,014
2.95%, 01/11/23		255		264,965
3.40%, 09/18/29		250		270,405
3.85%, 10/15/30		300		334,206
4.10%, 04/24/28		360		405,360
4.75%, 02/11/29		300		352,107
				1,835,057
Israel — 0.1%
Israel Government International Bond
2.75%, 07/03/30		475		502,531
2.88%, 03/16/26		375		405,311
State of Israel, 2.50%, 01/15/30		300		311,802
				1,219,644
Italy — 0.1%
Republic of Italy Government International Bond
1.25%, 02/17/26		500		493,700
2.38%, 10/17/24		425		443,679
2.88%, 10/17/29		520		535,158
6.88%, 09/27/23		235		267,848
				1,740,385

	Par
Security	(000)		Value
Japan — 0.3%
Japan Bank for International Cooperation
0.63%, 07/15/25	$	500	$	495,880
1.25%, 01/21/31		280		266,563
1.75%, 01/23/23		400		409,732
1.88%, 07/21/26		500		520,100
1.88%, 04/15/31		500		502,635
2.13%, 02/10/25		400		420,744
2.25%, 11/04/26		460		487,333
2.38%, 11/16/22		400		412,252
2.50%, 05/23/24		500		529,665
2.75%, 01/21/26		250		270,313
2.88%, 06/01/27		535		585,953
2.88%, 07/21/27		320		349,261
3.25%, 07/20/28		275		307,678
3.38%, 10/31/23		500		535,940
Japan International Cooperation Agency, 2.13%, 10/20/26		280		294,902
				6,388,951
Mexico — 0.1%
Mexico Government International Bond
3.25%, 04/16/30 (Call 01/16/30)(a)		400		413,296
3.60%, 01/30/25		290		320,253
3.75%, 01/11/28		300		327,735
3.90%, 04/27/25 (Call 03/27/25)		390		435,595
4.00%, 10/02/23		116		125,859
4.13%, 01/21/26		300		340,026
4.15%, 03/28/27		550		623,788
4.50%, 04/22/29		650		734,766
8.00%, 09/24/22		65		71,550
				3,392,868
Panama — 0.1%
Panama Government International Bond
3.16%, 01/23/30 (Call 10/23/29)		300		314,745
3.75%, 03/16/25 (Call 12/16/24)		250		272,440
3.88%, 03/17/28 (Call 12/17/27)		260		286,463
4.00%, 09/22/24 (Call 06/22/24)		260		283,036
7.13%, 01/29/26		380		472,416
8.88%, 09/30/27		100		138,846
				1,767,946
Peru — 0.1%
Peruvian Government International Bond
2.78%, 01/23/31 (Call 10/23/30)		800		802,232
4.13%, 08/25/27		270		299,965
7.35%, 07/21/25		250		307,087
				1,409,284
Philippines — 0.1%
Philippine Government International Bond
2.46%, 05/05/30		300		312,174
3.00%, 02/01/28		460		497,872
3.75%, 01/14/29		535		605,834
4.20%, 01/21/24		335		367,840
5.50%, 03/30/26		487		592,645
9.50%, 02/02/30		248		392,986
10.63%, 03/16/25		370		507,107
				3,276,458
Poland — 0.1%
Republic of Poland Government International Bond
3.00%, 03/17/23		430		450,365
3.25%, 04/06/26		512		566,564

32

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security		(000	)		Value
Poland (continued)
4.00%, 01/22/24	$	330		$	360,578
					1,377,507
South Korea — 0.1%
Export-Import Bank of Korea
1.88%, 02/12/25		250			258,302
2.38%, 06/25/24		200			211,310
2.63%, 05/26/26		200			215,142
2.88%, 01/21/25		200			213,850
3.00%, 11/01/22		230			238,448
3.25%, 11/10/25		350			384,072
3.25%, 08/12/26		275			304,791
Korea International Bond
2.50%, 06/19/29		200			210,598
2.75%, 01/19/27		235			254,536
3.50%, 09/20/28		275			307,769
5.63%, 11/03/25		150			179,829
					2,778,647
Supranational — 1.9%
African Development Bank
0.75%, 04/03/23		71			71,708
2.13%, 11/16/22		365			375,457
3.00%, 09/20/23		555			589,921
Asian Development Bank
0.50%, 02/04/26		1,000			986,740
0.63%, 04/29/25		1,010			1,010,677
1.50%, 10/18/24		440			455,096
1.50%, 03/04/31		1,000			985,870
1.75%, 09/13/22		975			994,929
1.75%, 09/19/29		513			522,803
1.88%, 01/24/30		405			415,498
2.00%, 01/22/25		470			494,774
2.00%, 04/24/26		550			580,580
2.50%, 11/02/27		109			117,568
2.63%, 01/30/24		422			447,915
2.63%, 01/12/27		515			560,490
2.75%, 03/17/23		300			313,740
3.13%, 09/26/28		100			112,325
Corp. Andina de Fomento, 4.38%, 06/15/22		400			415,924
Council of Europe Development Bank, 2.63%, 02/13/23		330			343,573
European Bank for Reconstruction & Development
0.25%, 07/10/23		600			600,480
2.75%, 03/07/23		325			339,589
European Investment Bank
0.25%, 09/15/23		475			475,247
0.38%, 03/26/26		1,000			979,940
0.63%, 07/25/25		455			454,577
1.38%, 05/15/23		435			445,049
1.63%, 03/14/25		1,050			1,091,118
1.88%, 02/10/25		877			919,920
2.13%, 04/13/26		650			690,424
2.25%, 08/15/22		855			876,717
2.38%, 06/15/22		780			798,213
2.38%, 05/24/27		384			413,434
2.50%, 03/15/23		1,128			1,174,620
2.63%, 03/15/24		270			287,234
2.88%, 08/15/23		620			656,270
3.13%, 12/14/23		630			675,398
3.25%, 01/29/24		555			598,423

	Par
Security	(000)		Value
Supranational (continued)
Inter-American Development Bank
0.63%, 07/15/25	$	1,000	$	998,060
0.88%, 04/03/25		1,020		1,031,077
1.75%, 09/14/22		595		607,221
1.75%, 03/14/25		895		934,219
2.00%, 06/02/26		275		290,153
2.00%, 07/23/26		714		753,091
2.13%, 01/15/25		440		464,847
2.25%, 06/18/29		518		549,064
2.38%, 07/07/27		466		499,053
2.50%, 01/18/23		790		819,767
2.63%, 01/16/24		386		409,430
3.00%, 02/21/24		465		498,694
International Bank for Reconstruction & Development
0.63%, 04/22/25		1,415		1,416,769
0.75%, 11/24/27		750		728,048
0.75%, 08/26/30		1,025		950,154
0.88%, 05/14/30		525		494,629
1.25%, 02/10/31		1,018		980,772
1.50%, 08/28/24		145		149,991
1.63%, 01/15/25		1,008		1,047,524
1.75%, 10/23/29		119		121,217
1.88%, 10/07/22		720		736,898
1.88%, 10/27/26		335		351,318
2.13%, 02/13/23(a)		200		206,638
2.13%, 03/03/25		466		492,953
2.50%, 03/19/24		1,070		1,134,649
2.50%, 11/25/24		1,495		1,598,484
2.50%, 07/29/25		407		437,741
3.00%, 09/27/23		1,735		1,845,901
7.63%, 01/19/23		910		1,020,301
Series GDIF, 1.38%, 04/20/28		750		754,530
International Finance Corp.
0.75%, 08/27/30		260		240,867
1.38%, 10/16/24		520		535,829
2.00%, 10/24/22		247		253,338
2.13%, 04/07/26		294		311,990
2.88%, 07/31/23		95		100,418
Nordic Investment Bank, 2.25%, 05/21/24		250		263,825
				45,301,701
Sweden — 0.1%
Svensk Exportkredit AB
0.63%, 05/14/25		400		398,980
1.75%, 12/12/23		500		517,755
2.88%, 03/14/23		600		627,918
				1,544,653
Uruguay — 0.1%
Uruguay Government International Bond
4.38%, 10/27/27		330		378,444
4.38%, 01/23/31 (Call 10/23/30)		328		380,893
4.50%, 08/14/24(a)		205		222,464
8.00%, 11/18/22		103		111,667
				1,093,468
Total Foreign Government Obligations — 3.9%
(Cost: $88,506,560)				90,913,827

33

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
Municipal Debt Obligations
California — 0.1%
State of California GO
2.50%, 10/01/29	$	250	$	263,020
3.38%, 04/01/25		200		220,290
University of California RB
Series AX, 3.06%, 07/01/25 (Call 04/01/25)		250		271,182
Series BG, 0.88%, 05/15/25 (Call 04/15/25)		240		241,769
Series BG, 1.32%, 05/15/27 (Call 03/15/27)		195		195,199
Series BG, 1.61%, 05/15/30 (Call 02/15/30)		250		242,483
				1,433,943
Florida — 0.0%
State Board of Administration Finance Corp. RB
1.26%, 07/01/25		290		293,773
2.15%, 07/01/30		200		201,452
				495,225
Illinois — 0.0%
State of Illinois GO, 4.95%, 06/01/23(a)		255		268,559
New Jersey — 0.1%
New Jersey Economic Development Authority RB
Series A, 7.43%, 02/15/29 (NPFGC)		200		256,454
Series B, 0.00%, 02/15/23 (AGM)(f)		600		591,960
				848,414
Oregon — 0.0%
Oregon School Boards Association GOL
Series B, 5.55%, 06/30/28 (NPFGC)		200		242,326
Series B, 5.68%, 06/30/28 (NPFGC)		255		313,395
				555,721
Texas — 0.0%
Texas Transportation Commission State Highway Fund RB
BAB, First Class, 5.18%, 04/01/30		110		135,556
Utah — 0.0%
State of Utah GO BAB, Series B, 3.54%, 07/01/25		250		268,715
Total Municipal Debt Obligations — 0.2%
(Cost: $3,848,305)				4,006,133
U.S. Government & Agency Obligations
U.S. Government Agency Obligations — 2.4%
Federal Farm Credit Banks Funding Corp., 2.85%,
09/20/21		2,555		2,576,462
Federal Home Loan Banks
1.13%, 07/14/21		525		525,651
2.13%, 06/09/23		5,000		5,197,700
2.75%, 12/13/24		300		323,451
3.00%, 12/09/22		2,095		2,185,085
3.00%, 03/10/28		75		83,371
3.13%, 06/13/25		3,730		4,102,925
3.25%, 06/09/28		300		339,000
3.25%, 11/16/28		1,375		1,564,379
Federal Home Loan Mortgage Corp.
0.25%, 06/26/23		3,000		3,005,730
0.25%, 08/24/23		273		273,317
0.25%, 12/04/23		1,699		1,700,580
0.38%, 04/20/23		74		74,314
0.38%, 07/21/25		650		643,948
1.50%, 02/12/25		4,213		4,370,608
2.38%, 01/13/22		1,250		1,268,000

	Par
Security	(000)		Value
U.S. Government Agency Obligations (continued)
2.75%, 06/19/23	$	2,000	$	2,105,280
6.75%, 03/15/31		1,000		1,463,260
Federal National Mortgage Association
0.25%, 07/10/23		4,074		4,079,337
0.50%, 06/17/25		2,112		2,105,580
0.88%, 08/05/30		2,325		2,180,943
1.38%, 10/07/21		3,850		3,868,018
1.63%, 10/15/24		25		26,018
1.75%, 07/02/24		380		396,127
1.88%, 04/05/22		750		761,535
1.88%, 09/24/26		2,566		2,701,280
2.00%, 01/05/22		1,100		1,112,606
2.00%, 10/05/22		400		410,048
2.38%, 01/19/23		694		719,088
2.63%, 01/11/22		355		360,510
2.63%, 09/06/24		1,545		1,661,045
6.25%, 05/15/29		1,060		1,444,165
6.63%, 11/15/30		1,000		1,439,590
				55,068,951
U.S. Government Obligations — 57.8%
U.S. Treasury Note/Bond
0.13%, 07/31/22		3,000		3,001,758
0.13%, 09/30/22		26,000		26,009,141
0.13%, 12/31/22		58,700		58,711,465
0.13%, 01/31/23		11,200		11,201,313
0.13%, 02/28/23		9,600		9,600,375
0.13%, 03/31/23		10,000		9,998,828
0.13%, 05/31/23		10,000		9,996,995
0.13%, 09/15/23		3,500		3,495,625
0.13%, 10/15/23		500		499,297
0.13%, 02/15/24(a)		6,000		5,982,656
0.25%, 04/15/23		2,000		2,004,375
0.25%, 06/15/23		6,300		6,312,305
0.25%, 03/15/24(a)		1,000		1,000,078
0.25%, 05/31/25		4,000		3,952,188
0.25%, 06/30/25		4,000		3,948,750
0.25%, 07/31/25		4,000		3,943,750
0.25%, 08/31/25		15,050		14,816,020
0.25%, 09/30/25		10,250		10,082,637
0.25%, 10/31/25		13,250		13,013,984
0.38%, 04/30/25		4,000		3,976,563
0.38%, 11/30/25		25,000		24,664,062
0.38%, 12/31/25		33,050		32,567,160
0.38%, 01/31/26		10,200		10,037,437
0.38%, 07/31/27		7,000		6,709,609
0.38%, 09/30/27		9,200		8,786,000
0.50%, 03/15/23		1,900		1,912,617
0.50%, 03/31/25		2,500		2,499,414
0.50%, 02/28/26		22,700		22,449,945
0.50%, 04/30/27		2,000		1,940,938
0.50%, 05/31/27		8,900		8,622,570
0.50%, 06/30/27		7,000		6,772,500
0.50%, 08/31/27		17,000		16,391,719
0.50%, 10/31/27		3,100		2,978,906
0.63%, 03/31/27(a)		850		832,469
0.63%, 11/30/27		23,500		22,732,578
0.63%, 12/31/27		9,200		8,885,188
0.63%, 05/15/30		12,700		11,757,422
0.63%, 08/15/30		23,450		21,621,633
0.75%, 03/31/26		5,000		4,998,828

34

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021	(Percentages shown are based on Net Assets)

	Par
Security	(000)		Value
U.S. Government Obligations (continued)
0.75%, 04/30/26(a)	$	5,000	$	4,994,922
0.75%, 01/31/28		11,000		10,695,781
0.88%, 11/15/30(a)		26,300		24,746,656
1.13%, 02/28/25		4,000		4,094,688
1.13%, 02/28/27		8,800		8,877,000
1.13%, 02/29/28(a)		19,000		18,919,844
1.13%, 02/15/31(a)		28,500		27,351,094
1.25%, 07/31/23		4,500		4,605,820
1.25%, 03/31/28		14,500		14,536,250
1.25%, 04/30/28(a)		5,000		5,007,031
1.25%, 05/31/28		7,000		7,001,977
1.38%, 06/30/23		21,000		21,533,203
1.38%, 08/31/23		20,200		20,744,453
1.50%, 01/15/23		4,700		4,805,383
1.50%, 02/28/23		14,800		15,153,234
1.50%, 03/31/23		2,000		2,050,078
1.50%, 10/31/24		15,000		15,555,469
1.50%, 11/30/24		7,000		7,261,406
1.50%, 08/15/26		10,000		10,334,375
1.50%, 02/15/30		3,200		3,206,500
1.63%, 08/15/22		7,050		7,180,811
1.63%, 08/31/22		1,900		1,936,367
1.63%, 11/15/22		9,019		9,218,405
1.63%, 04/30/23		1,250		1,285,400
1.63%, 05/31/23		1,000		1,029,453
1.63%, 05/15/26		12,000		12,492,188
1.63%, 11/30/26		6,000		6,232,031
1.63%, 05/15/31		12,000		12,050,625
1.75%, 06/30/22		6,000		6,107,813
1.75%, 09/30/22		16,900		17,271,008
1.75%, 01/31/23		7,400		7,600,609
1.75%, 05/15/23		4,145		4,274,531
1.75%, 12/31/24		10,000		10,464,844
1.88%, 07/31/22		11,700		11,944,512
1.88%, 08/31/22		5,000		5,111,133
1.88%, 09/30/22		8,100		8,291,426
1.88%, 10/31/22		7,300		7,482,500
1.88%, 08/31/24		4,500		4,719,375
2.00%, 07/31/22		7,000		7,156,406
2.00%, 11/30/22		23,900		24,577,789
2.00%, 02/15/23		20,945		21,613,440
2.00%, 04/30/24		10,550		11,074,203
2.00%, 05/31/24		6,000		6,303,750
2.00%, 06/30/24		12,000		12,617,813
2.00%, 02/15/25		17,000		17,956,250
2.00%, 08/15/25		18,700		19,797,164
2.00%, 11/15/26		14,400		15,241,500
2.13%, 06/30/22		8,000		8,176,562
2.13%, 12/31/22		9,400		9,697,789
2.13%, 11/30/23		500		523,945
2.13%, 02/29/24		24,800		26,074,875
2.13%, 03/31/24		19,200		20,209,500
2.13%, 07/31/24		7,750		8,184,727
2.13%, 09/30/24		3,000		3,173,203
2.13%, 11/30/24		6,000		6,354,375
2.13%, 05/15/25		14,800		15,725,000
2.25%, 12/31/23		8,000		8,417,500
2.25%, 04/30/24		13,500		14,269,922
2.25%, 10/31/24		17,000		18,063,828
2.25%, 11/15/24		14,000		14,884,844

	Par/
	Shares
Security		(000	)		Value
U.S. Government Obligations (continued)
2.25%, 11/15/25	$	7,000		$	7,490,547
2.25%, 02/15/27		7,900			8,467,195
2.25%, 08/15/27		15,000			16,062,891
2.25%, 11/15/27		19,300			20,658,539
2.38%, 01/31/23		4,000			4,150,000
2.38%, 08/15/24		11,200			11,925,375
2.38%, 05/15/27		4,000			4,315,000
2.38%, 05/15/29		3,300			3,546,984
2.50%, 03/31/23		2,300			2,399,637
2.50%, 08/15/23		2,040			2,144,550
2.50%, 05/15/24		21,025			22,401,480
2.63%, 06/30/23		4,750			4,994,551
2.63%, 02/15/29		7,922			8,664,688
2.75%, 04/30/23		2,300			2,414,820
2.75%, 07/31/23		10,400			10,981,750
2.75%, 11/15/23		7,150			7,596,316
2.75%, 06/30/25		15,000			16,327,734
2.75%, 08/31/25		250			272,461
2.75%, 02/15/28		7,990			8,803,981
2.88%, 09/30/23		8,000			8,500,625
2.88%, 04/30/25		15,350			16,755,484
2.88%, 05/31/25		1,900			2,075,750
2.88%, 07/31/25		2,000			2,188,594
2.88%, 11/30/25		7,500			8,233,008
2.88%, 08/15/28		25,150			27,940,078
3.00%, 09/30/25		2,200			2,423,266
3.00%, 10/31/25		2,000			2,204,688
5.25%, 11/15/28		10,750			13,781,836
5.25%, 02/15/29		150			192,984
5.50%, 08/15/28		8,500			10,995,547
6.00%, 02/15/26		500			621,680
6.50%, 11/15/26(a)		4,000			5,192,500
6.88%, 08/15/25		2,000			2,519,219
7.50%, 11/15/24		3,750			4,664,941
7.63%, 11/15/22		1,000			1,108,477
					1,347,988,854
Total U.S. Government & Agency Obligations — 60.2%
(Cost: $1,378,625,016)					1,403,057,805
Short-Term Investments
Money Market Funds — 3.7%
BlackRock Cash Funds: Treasury, SL Agency Shares,
0.00%(g)(h)(i)		84,954			84,954,307
Total Short-Term Investments — 3.7%
(Cost: $84,954,307)					84,954,307
Total Investments in Securities — 102.4%
(Cost: $2,327,352,127)					2,385,281,959
Other Assets, Less Liabilities — (2.4)%					(55,018,818	)
Net Assets — 100.0%				$	2,330,263,141

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

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

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

35

Schedule of Investments (unaudited) (continued)	iShares® Intermediate Government/Credit Bond ETF
May 31, 2021

^(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) U.S. dollar denominated security issued by foreign domiciled entity.

^(f) Zero-coupon bond.

^(g) Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 02/28/21		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 05/31/21		Shares Held at 05/31/21 (000)		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Treasury, SL Agency Shares	$	68,626,943	$	16,327,364	(a)	$	—	$	—	$	—	$	84,954,307		84,954	$	38,125	(b)	$	—

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

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

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 May 31, 2021. 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	$	—	$	802,349,887	$	—	$	802,349,887
Foreign Government Obligations		—		90,913,827		—		90,913,827
Municipal Debt Obligations		—		4,006,133		—		4,006,133
U.S. Government & Agency Obligations		—		1,403,057,805		—		1,403,057,805
Money Market Funds		84,954,307		—		—		84,954,307
	$	84,954,307	$	2,300,327,652	$	—	$	2,385,281,959

Portfolio Abbreviations - Fixed Income

AGM	Assured Guaranty Municipal Corp.	RB	Revenue Bond
BAB	Build America Bond	SOFR	Secured Overnight Financing Rate
GO	General Obligation
GOL	General Obligation Limited
LIBOR	London Interbank Offered Rate
NPFGC	National Public Finance Guarantee Corp.

36