Schedule of Investments (unaudited) | iShares® iBonds® Dec 2031 Term Corporate ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Par | ||||||||
Security | (000 | ) | Value | |||||
Corporate Bonds & Notes | ||||||||
Advertising — 0.5% | ||||||||
Interpublic Group of Companies Inc. (The), 2.40%, | ||||||||
03/01/31 (Call 12/01/30)(a) | $ | 1,386 | $ | 1,170,364 | ||||
Omnicom Group Inc., 2.60%, 08/01/31 | ||||||||
(Call 05/01/31)(a) | 2,359 | 2,008,306 | ||||||
3,178,670 | ||||||||
Aerospace & Defense — 1.7% | ||||||||
Boeing Co. (The), 3.63%, 02/01/31 (Call 11/01/30) | 3,957 | 3,617,027 | ||||||
General Dynamics Corp., 2.25%, 06/01/31 | ||||||||
(Call 03/01/31) | 1,417 | 1,214,998 | ||||||
L3Harris Technologies Inc., 1.80%, 01/15/31 | ||||||||
(Call 10/15/30) | 2,025 | 1,662,605 | ||||||
RTX Corp. | ||||||||
1.90%, 09/01/31 (Call 06/01/31) | 2,740 | 2,224,560 | ||||||
6.00%, 03/15/31 (Call 01/15/31) | 2,935 | 3,119,239 | ||||||
11,838,429 | ||||||||
Agriculture — 0.8% | ||||||||
BAT Capital Corp., 2.73%, 03/25/31 (Call 12/25/30) | 3,670 | 3,073,395 | ||||||
Bunge Ltd. Finance Corp., 2.75%, 05/14/31 | ||||||||
(Call 02/14/31)(a) | 3,085 | 2,672,989 | ||||||
5,746,384 | ||||||||
Airlines — 0.1% | ||||||||
United Airlines Pass Through Trust, Series 2019, | ||||||||
Class AA, 4.15%, 02/25/33 | 944 | 876,589 | ||||||
Alternate Investments — 0.1% | ||||||||
Blue Owl Credit Income Corp., 6.65%, 03/15/31 | ||||||||
(Call 01/15/31)(b) | 755 | 748,956 | ||||||
Auto Manufacturers — 3.5% | ||||||||
American Honda Finance Corp., 1.80%, 01/13/31(a) | 1,709 | 1,429,116 | ||||||
Ford Motor Co., 7.45%, 07/16/31(a) | 2,890 | 3,135,729 | ||||||
Ford Motor Credit Co. LLC | ||||||||
3.63%, 06/17/31 (Call 03/17/31) | 2,715 | 2,336,480 | ||||||
6.05%, 03/05/31 (Call 01/05/31) | 2,545 | 2,558,897 | ||||||
General Motors Financial Co. Inc. | ||||||||
2.35%, 01/08/31 (Call 10/08/30)(a) | 2,880 | 2,387,284 | ||||||
2.70%, 06/10/31 (Call 03/10/31)(a) | 2,964 | 2,475,020 | ||||||
Mercedes-Benz Finance North America LLC, 8.50%, | ||||||||
01/18/31 | 4,300 | 5,328,917 | ||||||
Toyota Motor Corp., 2.36%, 03/25/31 | ||||||||
(Call 12/25/30)(a) | 1,291 | 1,135,011 | ||||||
Toyota Motor Credit Corp. | ||||||||
1.65%, 01/10/31 | 1,800 | 1,486,404 | ||||||
1.90%, 09/12/31(a) | 1,668 | 1,383,695 | ||||||
23,656,553 | ||||||||
Banks — 3.1% | ||||||||
Banco Santander SA, 2.96%, 03/25/31(a) | 2,060 | 1,778,256 | ||||||
Bank of New York Mellon Corp. (The) | ||||||||
1.65%, 01/28/31 (Call 10/28/30)(a) | 1,371 | 1,122,313 | ||||||
1.80%, 07/28/31 (Call 04/28/31) | 1,392 | 1,135,628 | ||||||
Bank of Nova Scotia (The), 2.15%, 08/01/31(a) | 1,896 | 1,566,193 | ||||||
Mizuho Financial Group Inc., 2.56%, 09/13/31 | 2,796 | 2,285,760 | ||||||
Royal Bank of Canada, 2.30%, 11/03/31 | 4,204 | 3,512,972 | ||||||
State Street Corp., 2.20%, 03/03/31(a) | 2,484 | 2,079,505 | ||||||
Sumitomo Mitsui Financial Group Inc. | ||||||||
1.71%, 01/12/31 | 1,440 | 1,159,850 | ||||||
2.22%, 09/17/31 | 2,740 | 2,251,260 | ||||||
Toronto-Dominion Bank (The), 2.00%, 09/10/31 | 2,541 | 2,099,534 |
Par | ||||||||
Security | (000 | ) | Value | |||||
Banks (continued) | ||||||||
Westpac Banking Corp., 2.15%, 06/03/31 | $ | 2,931 | $ | 2,465,727 | ||||
21,456,998 | ||||||||
Beverages — 2.2% | ||||||||
Anheuser-Busch InBev Worldwide Inc., 4.90%, | ||||||||
01/23/31 (Call 10/23/30)(a) | 2,372 | 2,432,683 | ||||||
Coca-Cola Co. (The) | ||||||||
1.38%, 03/15/31(a) | 3,345 | 2,727,230 | ||||||
2.00%, 03/05/31 | 1,852 | 1,584,383 | ||||||
Constellation Brands Inc., 2.25%, 08/01/31 | ||||||||
(Call 05/01/31) | 2,845 | 2,368,589 | ||||||
Keurig Dr Pepper Inc., 2.25%, 03/15/31 | ||||||||
(Call 12/15/30)(a) | 1,662 | 1,408,379 | ||||||
PepsiCo Inc. | ||||||||
1.40%, 02/25/31 (Call 11/25/30)(a) | 1,997 | 1,626,813 | ||||||
1.95%, 10/21/31 (Call 07/21/31) | 3,435 | 2,871,552 | ||||||
15,019,629 | ||||||||
Biotechnology — 0.9% | ||||||||
Amgen Inc., 2.30%, 02/25/31 (Call 11/25/30) | 3,523 | 3,001,942 | ||||||
Illumina Inc., 2.55%, 03/23/31 (Call 12/23/30) | 1,493 | 1,246,813 | ||||||
Royalty Pharma PLC, 2.15%, 09/02/31 | ||||||||
(Call 06/02/31) | 1,949 | 1,586,370 | ||||||
5,835,125 | ||||||||
Building Materials — 1.3% | ||||||||
Carrier Global Corp., 2.70%, 02/15/31 (Call 11/15/30) | 2,358 | 2,052,323 | ||||||
Eagle Materials Inc., 2.50%, 07/01/31 | ||||||||
(Call 04/01/31)(a) | 2,275 | 1,919,509 | ||||||
Johnson Controls International PLC/Tyco Fire & | ||||||||
Security Finance SCA, 2.00%, 09/16/31 | ||||||||
(Call 06/16/31) | 1,395 | 1,145,586 | ||||||
Martin Marietta Materials Inc., 2.40%, 07/15/31 | ||||||||
(Call 04/15/31) | 2,751 | 2,321,992 | ||||||
Masco Corp., 2.00%, 02/15/31 (Call 11/15/30) | 1,833 | 1,509,742 | ||||||
8,949,152 | ||||||||
Chemicals — 0.5% | ||||||||
Ecolab Inc., 1.30%, 01/30/31 (Call 10/30/30) | 1,935 | 1,556,237 | ||||||
Huntsman International LLC, 2.95%, 06/15/31 | ||||||||
(Call 03/15/31) | 1,315 | 1,104,510 | ||||||
NewMarket Corp., 2.70%, 03/18/31 (Call 12/18/30)(a) | 1,216 | 1,030,358 | ||||||
3,691,105 | ||||||||
Commercial Services — 1.0% | ||||||||
Equifax Inc., 2.35%, 09/15/31 (Call 06/15/31) | 3,095 | 2,568,376 | ||||||
Global Payments Inc., 2.90%, 11/15/31 | ||||||||
(Call 08/15/31)(a) | 2,067 | 1,760,195 | ||||||
GXO Logistics Inc., 2.65%, 07/15/31 (Call 04/15/31) | 1,038 | 859,318 | ||||||
Moody’s Corp., 2.00%, 08/19/31 (Call 05/19/31)(a) | 2,015 | 1,661,635 | ||||||
6,849,524 | ||||||||
Computers — 2.5% | ||||||||
Apple Inc. | ||||||||
1.65%, 02/08/31 (Call 11/08/30) | 6,098 | 5,103,120 | ||||||
1.70%, 08/05/31 (Call 05/05/31)(a) | 2,517 | 2,086,142 | ||||||
CGI Inc., 2.30%, 09/14/31 (Call 06/14/31) | 1,126 | 919,121 | ||||||
Fortinet Inc., 2.20%, 03/15/31 (Call 12/15/30)(a) | 1,688 | 1,414,157 | ||||||
HP Inc., 2.65%, 06/17/31 (Call 03/17/31) | 3,079 | 2,608,604 | ||||||
IBM International Capital Pte. Ltd., 4.75%, 02/05/31 | ||||||||
(Call 12/05/30) | 2,000 | 1,997,850 | ||||||
Kyndryl Holdings Inc., 3.15%, 10/15/31 | ||||||||
(Call 07/15/31) | 1,918 | 1,598,186 | ||||||
Leidos Inc., 2.30%, 02/15/31 (Call 11/15/30) | 1,768 | 1,474,019 | ||||||
17,201,199 |
1
Schedule of Investments (unaudited) (continued) | iShares® iBonds® Dec 2031 Term Corporate ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Par | ||||||||
Security | (000 | ) | Value | |||||
Cosmetics & Personal Care — 0.7% | ||||||||
Estee Lauder Companies Inc. (The), 1.95%, 03/15/31 | ||||||||
(Call 12/15/30)(a) | $ | 1,690 | $ | 1,409,193 | ||||
Procter & Gamble Co. (The), 1.95%, 04/23/31(a) | 1,870 | 1,608,224 | ||||||
Unilever Capital Corp., 1.75%, 08/12/31 | ||||||||
(Call 05/12/31)(a) | 2,375 | 1,956,238 | ||||||
4,973,655 | ||||||||
Diversified Financial Services — 4.5% | ||||||||
Ally Financial Inc., 8.00%, 11/01/31 (a) | 7,062 | 7,811,609 | ||||||
Brookfield Finance Inc., 2.72%, 04/15/31 | ||||||||
(Call 01/15/31) | 1,680 | 1,436,373 | ||||||
Charles Schwab Corp. (The) | ||||||||
1.65%, 03/11/31 (Call 12/11/30) | 2,174 | 1,745,308 | ||||||
1.95%, 12/01/31 (Call 09/01/31)(a) | 2,483 | 1,990,225 | ||||||
2.30%, 05/13/31 (Call 02/13/31) | 2,210 | 1,843,351 | ||||||
Jefferies Financial Group Inc., 2.63%, 10/15/31 | ||||||||
(Call 07/15/31)(a) | 3,053 | 2,538,559 | ||||||
Mastercard Inc. | ||||||||
1.90%, 03/15/31 (Call 12/15/30) | 1,638 | 1,395,030 | ||||||
2.00%, 11/18/31 (Call 08/18/31) | 2,467 | 2,070,653 | ||||||
Nasdaq Inc., 1.65%, 01/15/31 (Call 10/15/30)(a) | 2,192 | 1,777,803 | ||||||
Nomura Holdings Inc., 2.61%, 07/14/31 | 3,010 | 2,497,992 | ||||||
ORIX Corp., 2.25%, 03/09/31(a) | 907 | 772,455 | ||||||
Synchrony Financial, 2.88%, 10/28/31 | ||||||||
(Call 07/28/31)(a) | 2,134 | 1,699,050 | ||||||
Visa Inc., 1.10%, 02/15/31 (Call 11/15/30)(a) | 3,231 | 2,598,341 | ||||||
Western Union Co. (The), 2.75%, 03/15/31 | ||||||||
(Call 12/15/30)(a) | 1,024 | 851,172 | ||||||
31,027,921 | ||||||||
Electric — 9.2% | ||||||||
AES Corp. (The), 2.45%, 01/15/31 (Call 10/15/30)(a) | 3,064 | 2,558,047 | ||||||
Ameren Corp., 3.50%, 01/15/31 (Call 10/15/30)(a) | 2,575 | 2,349,394 | ||||||
Appalachian Power Co., Series AA, 2.70%, 04/01/31 | ||||||||
(Call 01/01/31)(a) | 1,657 | 1,425,518 | ||||||
Arizona Public Service Co., 2.20%, 12/15/31 | ||||||||
(Call 09/15/31) | 1,120 | 914,853 | ||||||
Atlantic City Electric Co., 2.30%, 03/15/31 | ||||||||
(Call 12/15/30) | 1,263 | 1,064,931 | ||||||
Baltimore Gas & Electric Co., 2.25%, 06/15/31 | ||||||||
(Call 03/15/31)(a) | 1,512 | 1,288,803 | ||||||
Berkshire Hathaway Energy Co., 1.65%, 05/15/31 | ||||||||
(Call 02/15/31) | 1,649 | 1,325,984 | ||||||
CenterPoint Energy Houston Electric LLC, Series AE, | ||||||||
2.35%, 04/01/31 (Call 01/01/31) | 1,003 | 851,225 | ||||||
CenterPoint Energy Inc., 2.65%, 06/01/31 | ||||||||
(Call 03/01/31)(a) | 1,249 | 1,061,240 | ||||||
Connecticut Light & Power Co. (The), Series A, | ||||||||
2.05%, 07/01/31 (Call 04/01/31) | 1,434 | 1,186,099 | ||||||
Consolidated Edison Co. of New York Inc., 2.40%, | ||||||||
06/15/31 (Call 03/15/31)(a) | 2,929 | 2,512,627 | ||||||
Dominion Energy Inc., Series C, 2.25%, 08/15/31 | ||||||||
(Call 05/15/31) | 2,787 | 2,297,562 | ||||||
Dominion Energy South Carolina Inc., Series A, | ||||||||
2.30%, 12/01/31 (Call 09/01/31) | 814 | 681,460 | ||||||
DTE Electric Co., Series C, 2.63%, 03/01/31 | ||||||||
(Call 12/01/30) | 2,135 | 1,869,754 | ||||||
Duke Energy Carolinas LLC, 2.55%, 04/15/31 | ||||||||
(Call 01/15/31) | 1,522 | 1,317,084 | ||||||
Duke Energy Corp., 2.55%, 06/15/31 (Call 03/15/31) | 2,792 | 2,372,483 | ||||||
Duke Energy Florida LLC, 2.40%, 12/15/31 | ||||||||
(Call 09/15/31) | 1,806 | 1,515,613 |
Par | ||||||||
Security | (000 | ) | Value | |||||
Electric (continued) | ||||||||
Duke Energy Progress LLC, 2.00%, 08/15/31 | ||||||||
(Call 05/15/31) | $ | 1,573 | $ | 1,292,420 | ||||
Emera U.S. Finance LP, 2.64%, 06/15/31 | ||||||||
(Call 03/15/31)(a) | 1,162 | 952,377 | ||||||
Entergy Corp., 2.40%, 06/15/31 (Call 03/05/31)(a) | 1,858 | 1,559,126 | ||||||
Entergy Louisiana LLC, 3.05%, 06/01/31 | ||||||||
(Call 03/01/31)(a) | 917 | 812,273 | ||||||
Entergy Texas Inc., 1.75%, 03/15/31 (Call 12/15/30) | 1,726 | 1,406,686 | ||||||
Eversource Energy, 2.55%, 03/15/31 (Call 12/15/30) | 1,061 | 890,666 | ||||||
National Rural Utilities Cooperative Finance Corp. | ||||||||
1.35%, 03/15/31 (Call 12/15/30) | 1,089 | 859,968 | ||||||
1.65%, 06/15/31 (Call 03/15/31) | 760 | 610,211 | ||||||
5.00%, 02/07/31 (Call 12/07/30) | 1,010 | 1,017,634 | ||||||
Northern States Power Co./MN, 2.25%, 04/01/31 | ||||||||
(Call 11/01/30)(a) | 1,120 | 956,996 | ||||||
NSTAR Electric Co., 1.95%, 08/15/31 | ||||||||
(Call 05/15/31)(a) | 769 | 627,685 | ||||||
Ohio Power Co., Series Q, 1.63%, 01/15/31 | ||||||||
(Call 10/15/30) | 820 | 665,941 | ||||||
Pacific Gas and Electric Co. | ||||||||
2.50%, 02/01/31 (Call 11/01/30) | 5,651 | 4,690,584 | ||||||
3.25%, 06/01/31 (Call 03/01/31) | 2,825 | 2,454,443 | ||||||
PacifiCorp | ||||||||
5.30%, 02/15/31 (Call 12/15/30)(a) | 1,365 | 1,385,024 | ||||||
7.70%, 11/15/31 | 496 | 578,982 | ||||||
Progress Energy Inc. | ||||||||
7.00%, 10/30/31 | 1,077 | 1,209,553 | ||||||
7.75%, 03/01/31(a) | 1,852 | 2,125,334 | ||||||
Public Service Co. of Colorado | ||||||||
1.88%, 06/15/31 (Call 12/15/30) | 2,253 | 1,844,691 | ||||||
Series 35, 1.90%, 01/15/31 (Call 07/15/30) | 1,010 | 835,247 | ||||||
Public Service Co. of New Hampshire, Series V, | ||||||||
2.20%, 06/15/31 (Call 03/15/31) | 1,056 | 886,338 | ||||||
Public Service Co. of Oklahoma, Series J, 2.20%, | ||||||||
08/15/31 (Call 05/15/31) | 1,464 | 1,206,612 | ||||||
Public Service Electric & Gas Co., 1.90%, 08/15/31 | ||||||||
(Call 05/15/31) | 1,220 | 998,914 | ||||||
Public Service Enterprise Group Inc., 2.45%, 11/15/31 | ||||||||
(Call 08/15/31) | 2,384 | 1,983,326 | ||||||
Southern California Edison Co., Series G, 2.50%, | ||||||||
06/01/31 (Call 03/01/31) | 1,033 | 881,761 | ||||||
Tampa Electric Co., 2.40%, 03/15/31 (Call 12/15/30) | 1,060 | 893,374 | ||||||
Virginia Electric & Power Co., 2.30%, 11/15/31 | ||||||||
(Call 08/15/31)(a) | 1,492 | 1,248,993 | ||||||
Wisconsin Power and Light Co., 1.95%, 09/16/31 | ||||||||
(Call 06/16/31) | 620 | 502,494 | ||||||
Xcel Energy Inc., 2.35%, 11/15/31 (Call 05/15/31) | 923 | 760,272 | ||||||
62,730,602 | ||||||||
Electronics — 1.6% | ||||||||
Amphenol Corp., 2.20%, 09/15/31 (Call 06/15/31) | 2,071 | 1,723,937 | ||||||
Avnet Inc., 3.00%, 05/15/31 (Call 02/15/31) | 882 | 741,251 | ||||||
Honeywell International Inc., 1.75%, 09/01/31 | ||||||||
(Call 06/01/31)(a) | 4,141 | 3,407,957 | ||||||
Hubbell Inc., 2.30%, 03/15/31 (Call 12/15/30)(a) | 798 | 670,172 | ||||||
Jabil Inc., 3.00%, 01/15/31 (Call 10/15/30)(a) | 1,937 | 1,675,147 | ||||||
TD SYNNEX Corp., 2.65%, 08/09/31 (Call 05/09/31) | 1,440 | 1,169,716 | ||||||
Vontier Corp., 2.95%, 04/01/31 (Call 01/01/31) | 1,645 | 1,374,106 | ||||||
10,762,286 |
2
Schedule of Investments (unaudited) (continued) | iShares® iBonds® Dec 2031 Term Corporate ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Par | ||||||||
Security | (000 | ) | Value | |||||
Environmental Control — 0.6% | ||||||||
Republic Services Inc., 1.45%, 02/15/31 | ||||||||
(Call 11/15/30) | $ | 2,050 | $ | 1,645,767 | ||||
Waste Management Inc., 1.50%, 03/15/31 | ||||||||
(Call 12/15/30) | 3,108 | 2,514,737 | ||||||
4,160,504 | ||||||||
Food — 2.3% | ||||||||
Flowers Foods Inc., 2.40%, 03/15/31 | ||||||||
(Call 12/15/30)(a) | 1,399 | 1,181,987 | ||||||
General Mills Inc., 2.25%, 10/14/31 (Call 07/14/31) | 1,471 | 1,224,996 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA | ||||||||
Finance Inc., 3.75%, 12/01/31 (Call 12/01/26) | 1,409 | 1,208,584 | ||||||
Kellanova, Series B, 7.45%, 04/01/31 | 1,848 | 2,110,196 | ||||||
Kraft Heinz Foods Co., 4.25%, 03/01/31 | ||||||||
(Call 12/01/30) | 1,354 | 1,308,836 | ||||||
Kroger Co. (The) | ||||||||
1.70%, 01/15/31 (Call 10/15/30)(a) | 1,755 | 1,421,089 | ||||||
7.50%, 04/01/31(a) | 1,096 | 1,254,515 | ||||||
McCormick & Co. Inc./MD, 1.85%, 02/15/31 | ||||||||
(Call 11/15/30)(a) | 1,197 | 977,564 | ||||||
Mondelez International Inc., 1.50%, 02/04/31 | ||||||||
(Call 11/04/30) | 1,624 | 1,314,186 | ||||||
Pilgrim’s Pride Corp., 4.25%, 04/15/31 (Call 04/15/26) | 2,673 | 2,408,166 | ||||||
Sysco Corp., 2.45%, 12/14/31 (Call 09/14/31)(a) | 1,289 | 1,088,362 | ||||||
15,498,481 | ||||||||
Forest Products & Paper — 0.6% | ||||||||
Georgia-Pacific LLC, 8.88%, 05/15/31 | 1,036 | 1,288,032 | ||||||
Suzano Austria GmbH, 3.75%, 01/15/31 | ||||||||
(Call 10/15/30) | 3,011 | 2,623,054 | ||||||
3,911,086 | ||||||||
Gas — 0.9% | ||||||||
Atmos Energy Corp., 1.50%, 01/15/31 | ||||||||
(Call 10/15/30)(a) | 1,821 | 1,475,366 | ||||||
National Fuel Gas Co., 2.95%, 03/01/31 | ||||||||
(Call 12/01/30)(a) | 1,264 | 1,064,571 | ||||||
NiSource Inc., 1.70%, 02/15/31 (Call 11/15/30)(a) | 2,204 | 1,779,946 | ||||||
Piedmont Natural Gas Co. Inc., 2.50%, 03/15/31 | ||||||||
(Call 12/15/30)(a) | 1,035 | 880,663 | ||||||
Southern Co. Gas Capital Corp., Series 2020-A, | ||||||||
1.75%, 01/15/31 (Call 10/15/30)(a) | 1,389 | 1,126,981 | ||||||
6,327,527 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Kennametal Inc., 2.80%, 03/01/31 (Call 12/01/30) | 557 | 469,175 | ||||||
Health Care - Products — 1.7% | ||||||||
Agilent Technologies Inc., 2.30%, 03/12/31 | ||||||||
(Call 12/12/30) | 2,397 | 2,048,220 | ||||||
Baxter International Inc., 1.73%, 04/01/31 | ||||||||
(Call 01/01/31) | 2,105 | 1,696,343 | ||||||
Revvity Inc. | ||||||||
2.25%, 09/15/31 (Call 06/15/31)(a) | 1,627 | 1,344,318 | ||||||
2.55%, 03/15/31 (Call 12/15/30) | 950 | 807,229 | ||||||
STERIS Irish FinCo UnLtd Co., 2.70%, 03/15/31 | ||||||||
(Call 12/15/30) | 1,678 | 1,452,605 | ||||||
Thermo Fisher Scientific Inc., 2.00%, 10/15/31 | ||||||||
(Call 07/15/31)(a) | 3,490 | 2,917,373 | ||||||
Zimmer Biomet Holdings Inc., 2.60%, 11/24/31 | ||||||||
(Call 08/24/31) | 1,882 | 1,610,143 | ||||||
11,876,231 | ||||||||
Health Care - Services — 3.1% | ||||||||
Banner Health, 1.90%, 01/01/31 (Call 07/01/30)(a) | 425 | 352,072 |
Par | ||||||||
Security | (000 | ) | Value | |||||
Health Care - Services (continued) | ||||||||
Bon Secours Mercy Health Inc., Series 20-2, 2.10%, | ||||||||
06/01/31 (Call 12/01/30) | $ | 537 | $ | 441,405 | ||||
Cedars-Sinai Health System, Series 2021, 2.29%, | ||||||||
08/15/31 (Call 02/15/31)(a) | 689 | 582,116 | ||||||
Centene Corp. | ||||||||
2.50%, 03/01/31 (Call 12/01/30) | 6,074 | 5,050,385 | ||||||
2.63%, 08/01/31 (Call 05/01/31) | 3,590 | 2,979,198 | ||||||
Elevance Health Inc., 2.55%, 03/15/31 | ||||||||
(Call 12/15/30)(a) | 3,161 | 2,731,749 | ||||||
HCA Inc., 2.38%, 07/15/31 (Call 04/15/31) | 2,625 | 2,175,699 | ||||||
Laboratory Corp. of America Holdings, 2.70%, | ||||||||
06/01/31 (Call 03/01/31) | 1,456 | 1,259,979 | ||||||
OhioHealth Corp., 2.30%, 11/15/31 (Call 05/15/31) | 859 | 727,411 | ||||||
Quest Diagnostics Inc., 2.80%, 06/30/31 | ||||||||
(Call 03/30/31) | 1,608 | 1,402,154 | ||||||
UnitedHealth Group Inc., 2.30%, 05/15/31 | ||||||||
(Call 02/15/31)(a) | 4,278 | 3,674,909 | ||||||
21,377,077 | ||||||||
Holding Companies - Diversified — 0.4% | ||||||||
Ares Capital Corp., 3.20%, 11/15/31 (Call 08/15/31)(a) | 1,983 | 1,652,893 | ||||||
Blackstone Private Credit Fund, 6.25%, 01/25/31 | ||||||||
(Call 11/25/30)(b) | 1,015 | 1,010,347 | ||||||
2,663,240 | ||||||||
Home Builders — 0.2% | ||||||||
MDC Holdings Inc., 2.50%, 01/15/31 (Call 07/15/30) | 1,198 | 1,004,447 | ||||||
Home Furnishings — 0.1% | ||||||||
Whirlpool Corp., 2.40%, 05/15/31 (Call 02/15/31)(a) | 1,065 | 886,260 | ||||||
Household Products & Wares — 0.4% | ||||||||
Church & Dwight Co. Inc., 2.30%, 12/15/31 | ||||||||
(Call 09/15/31) | 1,153 | 970,839 | ||||||
Kimberly-Clark Corp., 2.00%, 11/02/31 | ||||||||
(Call 08/02/31)(a) | 1,943 | 1,632,282 | ||||||
2,603,121 | ||||||||
Insurance — 2.7% | ||||||||
Aon Corp./Aon Global Holdings PLC | ||||||||
2.05%, 08/23/31 (Call 05/23/31)(a) | 1,282 | 1,048,433 | ||||||
2.60%, 12/02/31 (Call 09/02/31)(a) | 1,517 | 1,286,185 | ||||||
Arthur J Gallagher & Co., 2.40%, 11/09/31 | ||||||||
(Call 08/09/31) | 1,293 | 1,061,802 | ||||||
Assured Guaranty U.S. Holdings Inc., 3.15%, | ||||||||
06/15/31 (Call 03/15/31)(a) | 1,424 | 1,265,500 | ||||||
Athene Holding Ltd., 3.50%, 01/15/31 (Call 10/15/30) | 1,555 | 1,368,219 | ||||||
Brown & Brown Inc., 2.38%, 03/15/31 | ||||||||
(Call 12/15/30)(a) | 2,200 | 1,822,569 | ||||||
Enstar Group Ltd., 3.10%, 09/01/31 (Call 03/01/31) | 1,547 | 1,290,812 | ||||||
Fairfax Financial Holdings Ltd., 3.38%, 03/03/31 | ||||||||
(Call 12/03/30)(a) | 1,609 | 1,412,790 | ||||||
Fidelity National Financial Inc., 2.45%, 03/15/31 | ||||||||
(Call 12/15/30) | 1,712 | 1,405,678 | ||||||
First American Financial Corp., 2.40%, 08/15/31 | ||||||||
(Call 05/15/31)(a) | 1,451 | 1,156,154 | ||||||
Jackson Financial Inc., 3.13%, 11/23/31 | ||||||||
(Call 08/23/31)(a) | 1,466 | 1,243,310 | ||||||
Lincoln National Corp., 3.40%, 01/15/31 | ||||||||
(Call 10/15/30)(a) | 877 | 786,517 | ||||||
Marsh & McLennan Companies Inc., 2.38%, 12/15/31 | ||||||||
(Call 09/15/31)(a) | 1,323 | 1,119,512 | ||||||
Primerica Inc., 2.80%, 11/19/31 (Call 08/19/31) | 1,710 | 1,447,218 |
3
Schedule of Investments (unaudited) (continued) | iShares® iBonds® Dec 2031 Term Corporate ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Par | ||||||||
Security | (000 | ) | Value | |||||
Insurance (continued) | ||||||||
Stewart Information Services Corp., 3.60%, 11/15/31 | ||||||||
(Call 08/15/31) | $ | 1,183 | $ | 929,863 | ||||
18,644,562 | ||||||||
Internet — 2.2% | ||||||||
Alibaba Group Holding Ltd., 2.13%, 02/09/31 | ||||||||
(Call 11/09/30)(a) | 3,170 | 2,649,547 | ||||||
Amazon.com Inc., 2.10%, 05/12/31 (Call 02/12/31) | 7,495 | 6,413,221 | ||||||
Baidu Inc., 2.38%, 08/23/31 (Call 05/23/31) | 1,065 | 885,937 | ||||||
eBay Inc., 2.60%, 05/10/31 (Call 02/10/31)(a) | 2,384 | 2,059,667 | ||||||
Expedia Group Inc., 2.95%, 03/15/31 (Call 12/15/30) | 1,726 | 1,510,990 | ||||||
VeriSign Inc., 2.70%, 06/15/31 (Call 03/15/31) | 2,104 | 1,787,035 | ||||||
15,306,397 | ||||||||
Iron & Steel — 0.2% | ||||||||
Steel Dynamics Inc., 3.25%, 01/15/31 (Call 10/15/30) | 1,613 | 1,451,356 | ||||||
Leisure Time — 0.2% | ||||||||
Brunswick Corp., 2.40%, 08/18/31 (Call 05/18/31) | 1,506 | 1,193,821 | ||||||
Lodging — 0.7% | ||||||||
Choice Hotels International Inc., 3.70%, 01/15/31 | ||||||||
(Call 10/15/30) | 1,390 | 1,210,717 | ||||||
Marriott International Inc./MD, Series HH, 2.85%, | ||||||||
04/15/31 (Call 01/15/31)(a) | 3,074 | 2,666,930 | ||||||
Sands China Ltd., 3.50%, 08/08/31 (Call 05/08/31) | 1,395 | 1,160,484 | ||||||
5,038,131 | ||||||||
Machinery — 1.2% | ||||||||
Caterpillar Inc., 1.90%, 03/12/31 (Call 12/12/30)(a) | 1,112 | 952,008 | ||||||
Deere & Co., 7.13%, 03/03/31(a) | 395 | 457,412 | ||||||
IDEX Corp., 2.63%, 06/15/31 (Call 03/15/31) | 1,458 | 1,246,799 | ||||||
John Deere Capital Corp. | ||||||||
1.45%, 01/15/31(a) | 2,580 | 2,114,742 | ||||||
2.00%, 06/17/31 | 1,592 | 1,341,200 | ||||||
nVent Finance Sarl, 2.75%, 11/15/31 | ||||||||
(Call 08/15/31)(a) | 520 | 431,497 | ||||||
Rockwell Automation Inc., 1.75%, 08/15/31 | ||||||||
(Call 05/15/31)(a) | 910 | 747,110 | ||||||
Xylem Inc./NY, 2.25%, 01/30/31 (Call 10/30/30) | 1,352 | 1,155,058 | ||||||
8,445,826 | ||||||||
Manufacturing — 0.6% | ||||||||
Teledyne Technologies Inc., 2.75%, 04/01/31 | ||||||||
(Call 01/01/31) | 2,974 | 2,570,886 | ||||||
Textron Inc., 2.45%, 03/15/31 (Call 12/15/30)(a) | 1,528 | 1,302,425 | ||||||
3,873,311 | ||||||||
Media — 3.0% | ||||||||
Charter Communications Operating LLC/Charter | ||||||||
Communications Operating Capital, 2.80%, | ||||||||
04/01/31 (Call 01/01/31)(a) | 4,510 | 3,728,103 | ||||||
Comcast Corp. | ||||||||
1.50%, 02/15/31 (Call 11/15/30)(a) | 5,163 | 4,199,115 | ||||||
1.95%, 01/15/31 (Call 10/15/30) | 4,373 | 3,661,706 | ||||||
Paramount Global, 4.95%, 01/15/31 (Call 11/15/30)(a) | 3,066 | 2,899,875 | ||||||
Walt Disney Co. (The), 2.65%, 01/13/31(a) | 6,980 | 6,189,440 | ||||||
20,678,239 | ||||||||
Mining — 0.4% | ||||||||
Rio Tinto Alcan Inc., 7.25%, 03/15/31 | 1,257 | 1,429,716 | ||||||
Yamana Gold Inc., 2.63%, 08/15/31 (Call 05/15/31)(a) | 1,530 | 1,283,861 | ||||||
2,713,577 | ||||||||
Office & Business Equipment — 0.4% | ||||||||
CDW LLC/CDW Finance Corp., 3.57%, 12/01/31 | ||||||||
(Call 09/01/31) | 2,829 | 2,489,856 |
Par | ||||||||
Security | (000 | ) | Value | |||||
Oil & Gas — 3.7% | ||||||||
Burlington Resources LLC | ||||||||
7.20%, 08/15/31 | $ | 1,367 | $ | 1,567,293 | ||||
7.40%, 12/01/31 | 1,008 | 1,170,284 | ||||||
Conoco Funding Co., 7.25%, 10/15/31(a) | 1,063 | 1,225,307 | ||||||
Devon Energy Corp., 7.88%, 09/30/31 | 1,700 | 1,957,213 | ||||||
Diamondback Energy Inc., 3.13%, 03/24/31 | ||||||||
(Call 12/24/30)(a) | 2,248 | 1,992,194 | ||||||
Helmerich & Payne Inc., 2.90%, 09/29/31 | ||||||||
(Call 06/29/31)(a) | 1,678 | 1,421,664 | ||||||
Hess Corp., 7.30%, 08/15/31 | 2,084 | 2,403,801 | ||||||
Occidental Petroleum Corp. | ||||||||
6.13%, 01/01/31 (Call 07/01/30) | 3,217 | 3,342,763 | ||||||
7.50%, 05/01/31 | 2,385 | 2,664,872 | ||||||
7.88%, 09/15/31(a) | 1,326 | 1,509,553 | ||||||
Ovintiv Inc. | ||||||||
7.20%, 11/01/31 | 965 | 1,053,877 | ||||||
7.38%, 11/01/31 | 1,399 | 1,548,686 | ||||||
Pioneer Natural Resources Co., 2.15%, 01/15/31 | ||||||||
(Call 10/15/30)(a) | 2,319 | 1,974,629 | ||||||
Valero Energy Corp., 2.80%, 12/01/31 | ||||||||
(Call 09/01/31)(a) | 1,531 | 1,313,204 | ||||||
25,145,340 | ||||||||
Packaging & Containers — 0.4% | ||||||||
Amcor Flexibles North America Inc., 2.69%, 05/25/31 | ||||||||
(Call 02/25/31)(a) | 1,765 | 1,516,373 | ||||||
WestRock MWV LLC, 7.95%, 02/15/31 | 883 | 1,022,357 | ||||||
2,538,730 | ||||||||
Pharmaceuticals — 4.1% | ||||||||
Astrazeneca Finance LLC, 2.25%, 05/28/31 | ||||||||
(Call 02/28/31)(a) | 2,404 | 2,064,171 | ||||||
Becton Dickinson and Co., 1.96%, 02/11/31 | ||||||||
(Call 11/11/30)(a) | 3,056 | 2,535,216 | ||||||
Bristol-Myers Squibb Co., 5.75%, 02/01/31 | ||||||||
(Call 12/01/30) | 2,711 | 2,877,131 | ||||||
Cencora Inc., 2.70%, 03/15/31 (Call 12/15/30) | 3,062 | 2,665,845 | ||||||
Cigna Group (The), 2.38%, 03/15/31 (Call 12/15/30) | 4,493 | 3,815,655 | ||||||
CVS Health Corp. | ||||||||
1.88%, 02/28/31 (Call 11/28/30) | 3,564 | 2,922,570 | ||||||
2.13%, 09/15/31 (Call 06/15/31)(a) | 2,833 | 2,332,809 | ||||||
5.25%, 01/30/31 (Call 11/30/30) | 2,025 | 2,058,647 | ||||||
Merck & Co. Inc., 2.15%, 12/10/31 (Call 09/10/31)(a) | 5,435 | 4,590,780 | ||||||
Pfizer Inc., 1.75%, 08/18/31 (Call 05/18/31) | 2,878 | 2,367,715 | ||||||
28,230,539 | ||||||||
Pipelines — 3.1% | ||||||||
Boardwalk Pipelines LP, 3.40%, 02/15/31 | ||||||||
(Call 11/15/30)(a) | 1,364 | 1,221,712 | ||||||
Cheniere Energy Partners LP, 4.00%, 03/01/31 | ||||||||
(Call 03/01/26)(a) | 4,074 | 3,697,478 | ||||||
Kinder Morgan Energy Partners LP, 7.40%, | ||||||||
03/15/31(a) | 882 | 984,591 | ||||||
Kinder Morgan Inc. | ||||||||
2.00%, 02/15/31 (Call 11/15/30) | 2,240 | 1,844,664 | ||||||
7.80%, 08/01/31 | 1,557 | 1,771,458 | ||||||
ONEOK Inc., 6.35%, 01/15/31 (Call 10/15/30)(a) | 1,841 | 1,955,148 | ||||||
Targa Resources Partners LP/Targa Resources | ||||||||
Partners Finance Corp., 4.88%, 02/01/31 | ||||||||
(Call 02/01/26) | 2,848 | 2,732,040 | ||||||
TransCanada PipeLines Ltd., 2.50%, 10/12/31 | ||||||||
(Call 07/12/31)(a) | 2,774 | 2,317,189 |
4
Schedule of Investments (unaudited) (continued) | iShares® iBonds® Dec 2031 Term Corporate ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Par | ||||||||
Security | (000 | ) | Value | |||||
Pipelines (continued) | ||||||||
Williams Cos. Inc. (The) | ||||||||
2.60%, 03/15/31 (Call 12/15/30)(a) | $ | 4,266 | $ | 3,646,816 | ||||
Series A, 7.50%, 01/15/31(a) | 810 | 910,793 | ||||||
21,081,889 | ||||||||
Real Estate — 0.5% | ||||||||
CBRE Services Inc., 2.50%, 04/01/31 (Call 01/01/31) | 1,654 | 1,385,320 | ||||||
Essential Properties LP, 2.95%, 07/15/31 | ||||||||
(Call 04/15/31) | 1,057 | 840,858 | ||||||
Realty Income Corp., 3.20%, 02/15/31 (Call 11/15/30) | 1,360 | 1,212,638 | ||||||
3,438,816 | ||||||||
Real Estate Investment Trusts — 10.8% | ||||||||
Alexandria Real Estate Equities Inc., 3.38%, 08/15/31 | ||||||||
(Call 05/15/31) | 2,407 | 2,154,593 | ||||||
American Assets Trust LP, 3.38%, 02/01/31 | ||||||||
(Call 11/01/30) | 1,356 | 1,122,442 | ||||||
American Homes 4 Rent LP, 2.38%, 07/15/31 | ||||||||
(Call 04/15/31) | 1,363 | 1,119,411 | ||||||
American Tower Corp. | ||||||||
2.30%, 09/15/31 (Call 06/15/31)(a) | 1,920 | 1,585,432 | ||||||
2.70%, 04/15/31 (Call 01/15/31) | 2,120 | 1,814,427 | ||||||
AvalonBay Communities Inc., 2.45%, 01/15/31 | ||||||||
(Call 10/15/30) | 1,508 | 1,301,972 | ||||||
Boston Properties LP, 3.25%, 01/30/31 | ||||||||
(Call 10/30/30)(a) | 3,494 | 3,002,897 | ||||||
Brixmor Operating Partnership LP, 2.50%, 08/16/31 | ||||||||
(Call 05/16/31) | 1,574 | 1,310,117 | ||||||
Broadstone Net Lease LLC, 2.60%, 09/15/31 | ||||||||
(Call 06/15/31) | 1,070 | 842,298 | ||||||
Corporate Office Properties LP, 2.75%, 04/15/31 | ||||||||
(Call 01/15/31) | 1,575 | 1,286,055 | ||||||
Crown Castle Inc. | ||||||||
2.10%, 04/01/31 (Call 01/01/31) | 2,895 | 2,356,533 | ||||||
2.25%, 01/15/31 (Call 10/15/30) | 3,072 | 2,534,941 | ||||||
2.50%, 07/15/31 (Call 04/15/31) | 2,247 | 1,867,812 | ||||||
CubeSmart LP, 2.00%, 02/15/31 (Call 11/15/30)(a) | 1,010 | 823,095 | ||||||
EPR Properties, 3.60%, 11/15/31 (Call 08/15/31) | 1,016 | 848,873 | ||||||
Equinix Inc., 2.50%, 05/15/31 (Call 02/15/31)(a) | 3,130 | 2,658,564 | ||||||
ERP Operating LP, 1.85%, 08/01/31 (Call 05/01/31)(a) | 1,298 | 1,066,535 | ||||||
Essex Portfolio LP | ||||||||
1.65%, 01/15/31 (Call 10/15/30) | 852 | 675,258 | ||||||
2.55%, 06/15/31 (Call 03/15/31) | 825 | 691,940 | ||||||
Extra Space Storage LP | ||||||||
2.40%, 10/15/31 (Call 07/15/31)(a) | 1,657 | 1,358,287 | ||||||
2.55%, 06/01/31 (Call 03/01/31) | 1,428 | 1,191,512 | ||||||
5.90%, 01/15/31 (Call 11/15/30) | 1,480 | 1,535,800 | ||||||
GLP Capital LP/GLP Financing II Inc., 4.00%, | ||||||||
01/15/31 (Call 10/15/30) | 2,031 | 1,812,944 | ||||||
Healthcare Realty Holdings LP, 2.00%, 03/15/31 | ||||||||
(Call 12/15/30) | 2,222 | 1,774,653 | ||||||
Healthpeak OP LLC, 2.88%, 01/15/31 (Call 10/15/30) | 1,658 | 1,437,354 | ||||||
Highwoods Realty LP, 2.60%, 02/01/31 | ||||||||
(Call 11/01/30) | 981 | 780,294 | ||||||
Host Hotels & Resorts LP, Series J, 2.90%, 12/15/31 | ||||||||
(Call 09/15/31) | 1,389 | 1,167,317 | ||||||
Invitation Homes Operating Partnership LP, 2.00%, | ||||||||
08/15/31 (Call 05/15/31) | 1,805 | 1,429,324 | ||||||
Kimco Realty OP LLC, 2.25%, 12/01/31 | ||||||||
(Call 09/01/31) | 1,522 | 1,238,338 | ||||||
LXP Industrial Trust, 2.38%, 10/01/31 | ||||||||
(Call 07/01/31)(a) | 1,146 | 922,242 |
Par | ||||||||
Security | (000 | ) | Value | |||||
Real Estate Investment Trusts (continued) | ||||||||
Mid-America Apartments LP, 1.70%, 02/15/31 | ||||||||
(Call 11/15/30) | $ | 1,353 | $ | 1,099,205 | ||||
National Health Investors Inc., 3.00%, 02/01/31 | ||||||||
(Call 11/01/30) | 1,111 | 890,563 | ||||||
Omega Healthcare Investors Inc., 3.38%, 02/01/31 | ||||||||
(Call 11/01/30)(a) | 1,903 | 1,621,490 | ||||||
Phillips Edison Grocery Center Operating Partnership | ||||||||
I LP, 2.63%, 11/15/31 (Call 08/15/31) | 765 | 625,317 | ||||||
Physicians Realty LP, 2.63%, 11/01/31 | ||||||||
(Call 08/01/31) | 1,300 | 1,071,047 | ||||||
Prologis LP | ||||||||
1.63%, 03/15/31 (Call 12/15/30) | 975 | 787,135 | ||||||
1.75%, 02/01/31 (Call 11/01/30)(a) | 1,606 | 1,323,177 | ||||||
Public Storage Operating Co. | ||||||||
2.25%, 11/09/31 (Call 08/09/31) | 1,823 | 1,533,576 | ||||||
2.30%, 05/01/31 (Call 02/01/31) | 1,712 | 1,466,552 | ||||||
Rayonier LP, 2.75%, 05/17/31 (Call 02/17/31) | 1,282 | 1,061,009 | ||||||
Realty Income Corp., 3.25%, 01/15/31 (Call 10/15/30) | 2,760 | 2,489,399 | ||||||
Rexford Industrial Realty LP, 2.15%, 09/01/31 | ||||||||
(Call 06/01/31) | 1,149 | 924,744 | ||||||
Sabra Health Care LP, 3.20%, 12/01/31 | ||||||||
(Call 09/01/31) | 2,216 | 1,809,176 | ||||||
Safehold GL Holdings LLC, 2.80%, 06/15/31 | ||||||||
(Call 03/15/31)(a) | 1,085 | 901,667 | ||||||
Simon Property Group LP, 2.20%, 02/01/31 | ||||||||
(Call 11/01/30) | 2,265 | 1,897,161 | ||||||
STORE Capital Corp., 2.70%, 12/01/31 | ||||||||
(Call 09/01/31)(a) | 1,073 | 840,527 | ||||||
Sun Communities Operating LP, 2.70%, 07/15/31 | ||||||||
(Call 04/15/31)(a) | 2,103 | 1,745,657 | ||||||
Tanger Properties LP, 2.75%, 09/01/31 | ||||||||
(Call 06/01/31) | 1,132 | 926,377 | ||||||
UDR Inc., 3.00%, 08/15/31 (Call 05/15/31)(a) | 1,751 | 1,524,892 | ||||||
Ventas Realty LP, 2.50%, 09/01/31 (Call 06/01/31) | 1,287 | 1,058,229 | ||||||
Welltower OP LLC | ||||||||
2.75%, 01/15/31 (Call 10/15/30) | 1,807 | 1,564,339 | ||||||
2.80%, 06/01/31 (Call 03/01/31) | 2,270 | 1,964,540 | ||||||
WP Carey Inc., 2.40%, 02/01/31 (Call 11/01/30) | 1,495 | 1,255,501 | ||||||
74,092,540 | ||||||||
Retail — 2.5% | ||||||||
AutoNation Inc., 2.40%, 08/01/31 (Call 05/01/31) | 1,420 | 1,135,243 | ||||||
AutoZone Inc., 1.65%, 01/15/31 (Call 10/15/30) | 2,049 | 1,651,097 | ||||||
Dollar Tree Inc., 2.65%, 12/01/31 (Call 09/01/31)(a) | 2,399 | 2,036,761 | ||||||
Home Depot Inc. (The) | ||||||||
1.38%, 03/15/31 (Call 12/15/30)(a) | 3,543 | 2,866,069 | ||||||
1.88%, 09/15/31 (Call 06/15/31) | 2,879 | 2,383,661 | ||||||
Lowe’s Companies Inc., 2.63%, 04/01/31 | ||||||||
(Call 01/01/31) | 4,391 | 3,818,145 | ||||||
O’Reilly Automotive Inc., 1.75%, 03/15/31 | ||||||||
(Call 12/15/30) | 1,278 | 1,036,585 | ||||||
Ross Stores Inc., 1.88%, 04/15/31 (Call 01/15/31)(a) | 1,452 | 1,197,502 | ||||||
TJX Cos. Inc. (The), 1.60%, 05/15/31 (Call 02/15/31) | 1,270 | 1,044,520 | ||||||
17,169,583 | ||||||||
Semiconductors — 3.9% | ||||||||
Analog Devices Inc., 2.10%, 10/01/31 (Call 07/01/31) | 3,071 | 2,594,615 | ||||||
Broadcom Inc., 2.45%, 02/15/31 (Call 11/15/30)(a)(b) | 7,480 | 6,355,969 | ||||||
Intel Corp., 2.00%, 08/12/31 (Call 05/12/31) | 3,931 | 3,271,540 | ||||||
Marvell Technology Inc., 2.95%, 04/15/31 | ||||||||
(Call 01/15/31) | 2,163 | 1,880,467 |
5
Schedule of Investments (unaudited) (continued) | iShares® iBonds® Dec 2031 Term Corporate ETF |
January 31, 2024 | (Percentages shown are based on Net Assets) |
Par | ||||||||
Security | (000 | ) | Value | |||||
Semiconductors (continued) | ||||||||
Micron Technology Inc., 5.30%, 01/15/31 | ||||||||
(Call 11/15/30) | $ | 1,800 | $ | 1,819,257 | ||||
NVIDIA Corp., 2.00%, 06/15/31 (Call 03/15/31)(a) | 3,774 | 3,219,346 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 2.50%, | ||||||||
05/11/31 (Call 02/11/31) | 2,675 | 2,249,343 | ||||||
Skyworks Solutions Inc., 3.00%, 06/01/31 | ||||||||
(Call 03/01/31)(a) | 1,470 | 1,254,801 | ||||||
Texas Instruments Inc., 1.90%, 09/15/31 | ||||||||
(Call 06/15/31) | 1,806 | 1,520,233 | ||||||
TSMC Arizona Corp., 2.50%, 10/25/31 (Call 07/25/31) | 2,660 | 2,268,033 | ||||||
26,433,604 | ||||||||
Software — 4.0% | ||||||||
Autodesk Inc., 2.40%, 12/15/31 (Call 09/15/31)(a) | 3,015 | 2,547,828 | ||||||
Broadridge Financial Solutions Inc., 2.60%, 05/01/31 | ||||||||
(Call 02/01/31) | 3,061 | 2,603,821 | ||||||
Electronic Arts Inc., 1.85%, 02/15/31 (Call 11/15/30)(a) | 2,190 | 1,819,172 | ||||||
Fidelity National Information Services Inc., 2.25%, | ||||||||
03/01/31 (Call 12/01/30)(a) | 3,856 | 3,251,759 | ||||||
Oracle Corp., 2.88%, 03/25/31 (Call 12/25/30) | 8,871 | 7,804,050 | ||||||
Roper Technologies Inc., 1.75%, 02/15/31 | ||||||||
(Call 11/15/30)(a) | 2,813 | 2,292,262 | ||||||
Salesforce Inc., 1.95%, 07/15/31 (Call 04/15/31) | 4,294 | 3,612,359 | ||||||
VMware LLC, 2.20%, 08/15/31 (Call 05/15/31)(a) | 4,406 | 3,635,449 | ||||||
27,566,700 | ||||||||
Telecommunications — 7.2% | ||||||||
AT&T Inc., 2.75%, 06/01/31 (Call 03/01/31) | 8,714 | 7,562,538 | ||||||
Motorola Solutions Inc., 2.75%, 05/24/31 | ||||||||
(Call 02/24/31) | 2,476 | 2,108,826 | ||||||
Orange SA, 9.00%, 03/01/31 | 6,953 | 8,590,510 | ||||||
T-Mobile USA Inc. | ||||||||
2.25%, 11/15/31 (Call 08/15/31)(a) | 2,762 | 2,286,229 | ||||||
2.55%, 02/15/31 (Call 11/15/30) | 6,984 | 5,984,980 | ||||||
2.88%, 02/15/31 (Call 02/15/26) | 2,772 | 2,427,264 | ||||||
3.50%, 04/15/31 (Call 04/15/26) | 6,783 | 6,174,506 | ||||||
Verizon Communications Inc. | ||||||||
1.75%, 01/20/31 (Call 10/20/30) | 6,320 | 5,157,558 | ||||||
2.55%, 03/21/31 (Call 12/21/30) | 10,307 | 8,860,547 | ||||||
49,152,958 | ||||||||
Transportation — 2.0% | ||||||||
Canadian Pacific Railway Co. | ||||||||
2.45%, 12/02/31 (Call 09/02/31) | 2,266 | 2,091,025 | ||||||
7.13%, 10/15/31(a) | 708 | 802,920 | ||||||
FedEx Corp., 2.40%, 05/15/31 (Call 02/15/31)(a) | 3,207 | 2,731,501 |
Par | ||||||||
Security | (000 | ) | Value | |||||
Transportation (continued) | ||||||||
Norfolk Southern Corp., 2.30%, 05/15/31 | ||||||||
(Call 02/15/31)(a) | $ | 1,763 | $ | 1,502,110 | ||||
Union Pacific Corp., 2.38%, 05/20/31 (Call 02/20/31) | 3,137 | 2,702,451 | ||||||
Walmart Inc., 1.80%, 09/22/31 (Call 06/22/31)(a) | 4,749 | 3,980,718 | ||||||
13,810,725 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 1.90%, 06/01/31 (Call 03/01/31) | 1,139 | 907,294 | ||||||
Water — 0.3% | ||||||||
American Water Capital Corp., 2.30%, 06/01/31 | ||||||||
(Call 03/01/31) | 1,465 | 1,241,811 | ||||||
Essential Utilities Inc., 2.40%, 05/01/31 | ||||||||
(Call 02/01/31)(a) | 858 | 719,484 | ||||||
1,961,295 | ||||||||
Total Long-Term Investments — 98.8% | ||||||||
(Cost: $667,530,590) | 676,685,015 |
Shares | ||||||||
Short-Term Securities | ||||||||
Money Market Funds — 8.5% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency | ||||||||
Shares, 5.51%(c)(d)(e) | 57,177,141 | 57,211,447 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, | ||||||||
5.32%(c)(d) | 1,200,000 | 1,200,000 | ||||||
Total Short-Term Securities — 8.5% | ||||||||
(Cost: $58,395,834) | 58,411,447 | |||||||
Total Investments — 107.3% | ||||||||
(Cost: $725,926,424) | 735,096,462 | |||||||
Liabilities in Excess of Other Assets — (7.3)% | (50,079,533 | ) | ||||||
Net Assets — 100.0% | $ | 685,016,929 |
(a) | All or a portion of this security is on loan. |
(b) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(c) | Affiliate of the Fund. |
(d) | Annualized 7-day yield as of period end. |
(e) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
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Schedule of Investments (unaudited) (continued) | iShares® iBonds® Dec 2031 Term Corporate ETF |
January 31, 2024 |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/23 | Purchases at Cost | Proceeds from Sale | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 01/31/24 | Shares Held at 01/31/24 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 32,247,597 | $ | 24,957,363 | (a) | $ | — | $ | (95 | ) | $ | 6,582 | $ | 57,211,447 | 57,177,141 | $ | 40,801 | (b) | $ | — | ||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 1,810,000 | — | (610,000) | (a) | — | — | 1,200,000 | 1,200,000 | 20,480 | — | ||||||||||||||||||||||||||
$ | (95 | ) | $ | 6,582 | $ | 58,411,447 | $ | 61,281 | $ | — | ||||||||||||||||||||||||||
(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 Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
● | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access; |
● | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and |
● | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Corporate Bonds & Notes | $ | — | $ | 676,685,015 | $ | — | $ | 676,685,015 | ||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 58,411,447 | — | — | 58,411,447 | ||||||||||||
$ | 58,411,447 | $ | 676,685,015 | $ | — | $ | 735,096,462 |
7