NPORT-EX 2 NPORT_0BXQ_78194659_0124.htm

 

Schedule of Investments (unaudited) iShares® iBonds® 2024 Term High Yield and Income ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
         
Corporate Bonds & Notes          
           
Advertising — 0.4%          
Omnicom Group Inc./Omnicom Capital Inc., 3.65%,          
11/01/24 (Call 08/01/24)  $1,310   $1,291,623 
WPP Finance 2010, 3.75%, 09/19/24   640    631,336 
         1,922,959 
Aerospace & Defense — 0.9%          
Boeing Co. (The)          
1.43%, 02/04/24 (Call 01/09/24)   520    520,000 
1.95%, 02/01/24   185    185,000 
2.80%, 03/01/24 (Call 02/01/24)   75    74,807 
2.85%, 10/30/24 (Call 07/30/24)   199    194,754 
Howmet Aerospace Inc., 5.13%, 10/01/24          
(Call 07/01/24)   3,250    3,234,808 
L3Harris Technologies Inc., 3.95%, 05/28/24          
(Call 02/28/24)   145    144,151 
RTX Corp., 3.20%, 03/15/24 (Call 01/16/24)(a)   300    298,934 
         4,652,454 
Agriculture — 0.3%          
Altria Group Inc., 3.80%, 02/14/24 (Call 01/16/24)   75    74,945 
BAT Capital Corp.          
2.79%, 09/06/24 (Call 08/06/24)   775    761,745 
3.22%, 08/15/24 (Call 06/15/24)   725    715,290 
         1,551,980 
Airlines — 3.5%          
Continental Airlines Pass Through Trust, Series          
2012-2, Class A, 4.00%, 04/29/26(a)   204    200,370 
Delta Air Lines Inc., 2.90%, 10/28/24 (Call 09/28/24)   12,272    12,004,786 
United Airlines Holdings Inc., 5.00%, 02/01/24   5,217    5,217,000 
United Airlines Pass Through Trust, Series 2012-1 A,          
Class A, 4.15%, 10/11/25   164    163,641 
         17,585,797 
Auto Manufacturers — 1.4%          
Ford Motor Credit Co. LLC          
3.66%, 09/08/24   1,684    1,660,903 
4.06%, 11/01/24 (Call 10/01/24)(a)   925    913,443 
5.58%, 03/18/24 (Call 02/18/24)   425    424,667 
General Motors Financial Co. Inc.          
1.05%, 03/08/24   230    228,859 
1.20%, 10/15/24   1,300    1,261,996 
3.50%, 11/07/24 (Call 09/07/24)(a)   1,840    1,811,046 
3.95%, 04/13/24 (Call 02/13/24)   470    467,934 
         6,768,848 
Banks — 4.2%          
Barclays PLC, 4.38%, 09/11/24(a)   1,055    1,046,374 
BNP Paribas SA, 4.25%, 10/15/24   1,625    1,606,970 
Citigroup Inc., 4.00%, 08/05/24(a)   1,120    1,109,152 
Comerica Bank, 2.50%, 07/23/24   510    501,434 
Deutsche Bank AG/London, 3.70%, 05/30/24(a)   195    193,455 
Deutsche Bank AG/New York NY, 3.70%, 05/30/24   235    233,284 
Discover Bank, 2.45%, 09/12/24 (Call 08/12/24)   720    705,625 
HSBC Holdings PLC, 4.25%, 03/14/24   665    663,537 
Huntington Bancshares Inc./OH, 2.63%, 08/06/24          
(Call 07/06/24)   735    723,171 
Intesa Sanpaolo SpA, 5.02%, 06/26/24(a)(b)   11,905    11,833,056 
Lloyds Banking Group PLC, 4.50%, 11/04/24   1,335    1,319,428 
M&T Bank Corp., 4.00%, 07/15/24 (Call 04/16/24)   215    213,182 
NatWest Group PLC, 5.13%, 05/28/24(a)   220    219,254 
Security  Par
(000)		   Value 
           
Banks (continued)          
Santander Holdings USA Inc., 3.50%, 06/07/24          
(Call 05/07/24)  $565   $559,661 
         20,927,583 
Beverages — 0.1%          
Constellation Brands Inc.          
3.60%, 05/09/24   130    129,246 
4.75%, 11/15/24   270    268,363 
Keurig Dr Pepper Inc., 0.75%, 03/15/24          
(Call 01/09/24)   230    228,689 
         626,298 
Biotechnology — 0.3%          
Amgen Inc., 3.63%, 05/22/24 (Call 02/22/24)   675    670,756 
Gilead Sciences Inc., 3.70%, 04/01/24 (Call 01/29/24)   755    752,506 
         1,423,262 
Building Materials — 0.2%          
Johnson Controls International PLC, 3.63%, 07/02/24          
(Call 04/02/24)(c)   185    183,256 
Martin Marietta Materials Inc., 4.25%, 07/02/24          
(Call 04/02/24)   255    253,579 
Owens Corning, 4.20%, 12/01/24 (Call 09/01/24)   270    266,933 
Trane Technologies Financing Ltd., 3.55%, 11/01/24          
(Call 08/01/24)(a)   470    463,240 
         1,167,008 
Chemicals — 1.7%          
Celanese U.S. Holdings LLC          
3.50%, 05/08/24 (Call 04/08/24)(a)   85    84,477 
5.90%, 07/05/24   475    474,559 
LyondellBasell Industries NV, 5.75%, 04/15/24          
(Call 01/29/24)   160    159,998 
Methanex Corp., 4.25%, 12/01/24 (Call 09/01/24)   6,494    6,398,179 
Nutrien Ltd., 5.90%, 11/07/24   451    452,090 
PPG Industries Inc., 2.40%, 08/15/24 (Call 07/15/24)   145    142,474 
Sherwin-Williams Co. (The)          
3.13%, 06/01/24 (Call 04/01/24)   255    252,842 
4.05%, 08/08/24(a)   475    471,380 
Westlake Corp., 0.88%, 08/15/24 (Call 01/09/24)   155    151,110 
         8,587,109 
Commercial Services — 2.4%          
Equifax Inc., 2.60%, 12/01/24 (Call 11/01/24)(a)   860    840,353 
Global Payments Inc., 1.50%, 11/15/24          
(Call 10/15/24)   390    377,510 
Grand Canyon University, 4.13%, 10/01/24(a)   10,341    9,997,298 
Quanta Services Inc., 0.95%, 10/01/24          
(Call 01/29/24)   510    493,128 
         11,708,289 
Computers — 0.6%          
Dell International LLC/EMC Corp., 4.00%, 07/15/24          
(Call 06/15/24)   755    749,047 
Genpact Luxembourg Sarl, 3.38%, 12/01/24          
(Call 11/01/24)   495    483,599 
Hewlett Packard Enterprise Co.          
1.45%, 04/01/24 (Call 03/01/24)(a)   360    357,396 
5.90%, 10/01/24   1,220    1,221,530 
NetApp Inc., 3.30%, 09/29/24 (Call 07/29/24)   220    216,586 
         3,028,158 
Cosmetics & Personal Care — 0.0%          
Haleon U.S. Capital LLC, 3.02%, 03/24/24          
(Call 01/16/24)   35    34,861 

 

1

 

 

Schedule of Investments (unaudited) (continued) iShares® iBonds® 2024 Term High Yield and Income ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
           
Distribution & Wholesale — 0.0%          
Wesco Aircraft Holdings Inc., 8.50%, 11/15/24          
(Call 01/29/24)(b)(d)(e)  $448   $38,080 
           
Diversified Financial Services — 7.3%          
AerCap Ireland Capital DAC/AerCap Global          
Aviation Trust          
1.65%, 10/29/24 (Call 09/29/24)   1,750    1,699,549 
2.88%, 08/14/24 (Call 07/14/24)(a)   350    344,600 
3.15%, 02/15/24 (Call 01/15/24)   50    49,949 
Series 3NC1, 1.75%, 10/29/24 (Call 01/29/24)   385    373,741 
Affiliated Managers Group Inc., 4.25%, 02/15/24   75    74,931 
Air Lease Corp.          
0.70%, 02/15/24 (Call 01/29/24)   135    134,682 
0.80%, 08/18/24 (Call 07/18/24)   850    827,195 
4.25%, 02/01/24 (Call 01/29/24)   130    130,000 
4.25%, 09/15/24 (Call 06/15/24)(a)   1,345    1,331,532 
Aircastle Ltd., 4.13%, 05/01/24 (Call 02/01/24)   375    372,630 
Ally Financial Inc.          
3.88%, 05/21/24 (Call 04/21/24)   225    223,628 
5.13%, 09/30/24   1,625    1,617,916 
BGC Group Inc., 3.75%, 10/01/24 (Call 09/01/24)   35    34,225 
Capital One Financial Corp.          
3.30%, 10/30/24 (Call 09/30/24)(a)   1,915    1,884,406 
3.75%, 04/24/24 (Call 03/24/24)(a)   370    368,187 
CNG Holdings Inc., 14.50%, 06/30/26          
(Call 06/30/24)(b)   1,969    1,685,044 
Discover Financial Services, 3.95%, 11/06/24          
(Call 08/06/24)   990    976,417 
Global Aircraft Leasing Co. Ltd., 6.50%, 09/15/24          
(Call 01/29/24), (7.25% PIK)(b)(f)   12,327    11,879,896 
Navient Corp., 5.88%, 10/25/24   9,997    9,981,581 
Radian Group Inc., 4.50%, 10/01/24 (Call 07/01/24)   490    483,550 
Stifel Financial Corp., 4.25%, 07/18/24   265    262,632 
Synchrony Financial          
4.25%, 08/15/24 (Call 05/15/24)   1,600    1,585,399 
4.38%, 03/19/24 (Call 02/19/24)(a)   235    234,451 
         36,556,141 
Electric — 4.9%          
Ameren Corp., 2.50%, 09/15/24 (Call 08/15/24)   350    343,009 
American Electric Power Co. Inc., 2.03%, 03/15/24   195    194,023 
Avangrid Inc., 3.15%, 12/01/24 (Call 10/01/24)(a)   821    804,020 
Black Hills Corp., 1.04%, 08/23/24 (Call 01/16/24)   314    305,858 
CenterPoint Energy Inc., 2.50%, 09/01/24          
(Call 08/01/24)   395    387,506 
Dominion Energy Inc., 3.07%, 08/15/24(c)   1,110    1,093,738 
DTE Energy Co.          
4.22%, 11/01/24(c)   1,160    1,148,338 
Series C, 2.53%, 10/01/24(c)   695    680,722 
Duke Energy Corp., 3.75%, 04/15/24 (Call 01/29/24)   330    328,707 
Edison International, 3.55%, 11/15/24 (Call 10/15/24)   1,300    1,279,913 
Emera U.S. Finance LP, 0.83%, 06/15/24(a)   120    117,573 
Enel Generacion Chile SA, 4.25%, 04/15/24          
(Call 01/29/24)   95    94,493 
Evergy Inc., 2.45%, 09/15/24 (Call 08/15/24)   225    220,692 
Eversource Energy          
4.20%, 06/27/24(a)   310    308,132 
Series L, 2.90%, 10/01/24 (Call 08/01/24)   615    604,138 
Georgia Power Co., Series A, 2.20%, 09/15/24          
(Call 08/15/24)   175    171,455 
Interstate Power & Light Co., 3.25%, 12/01/24          
(Call 09/01/24)   460    452,061 
Security  Par
(000)		   Value 
         
Electric (continued)          
IPALCO Enterprises Inc., 3.70%, 09/01/24          
(Call 07/01/24)  $215   $211,806 
ITC Holdings Corp., 3.65%, 06/15/24 (Call 03/15/24)   361    357,966 
NextEra Energy Capital Holdings Inc.          
2.94%, 03/21/24 (Call 01/29/24)   365    363,810 
4.20%, 06/20/24   315    313,205 
4.26%, 09/01/24   1,185    1,176,127 
NextEra Energy Operating Partners LP, 4.25%,          
07/15/24 (Call 04/15/24)(b)   11,815    11,696,339 
Pacific Gas and Electric Co.          
3.40%, 08/15/24 (Call 05/15/24)   180    177,584 
3.75%, 02/15/24 (Call 01/09/24)   75    74,887 
Public Service Enterprise Group Inc., 2.88%, 06/15/24          
(Call 05/15/24)   290    286,746 
Southern Co. (The)          
4.48%, 08/01/24(c)   785    779,226 
Series 21-A, 0.60%, 02/26/24 (Call 01/26/24)   105    104,639 
WEC Energy Group Inc., 0.80%, 03/15/24          
(Call 02/15/24)   105    104,368 
         24,181,081 
Electronics — 0.7%          
Allegion U.S. Holding Co. Inc., 3.20%, 10/01/24          
(Call 08/01/24)   420    412,937 
Amphenol Corp., 3.20%, 04/01/24 (Call 02/01/24)   140    139,416 
Arrow Electronics Inc., 3.25%, 09/08/24          
(Call 07/08/24)   1,170    1,151,840 
Keysight Technologies Inc., 4.55%, 10/30/24          
(Call 07/30/24)   1,180    1,169,787 
TD SYNNEX Corp., 1.25%, 08/09/24 (Call 01/09/24)   340    332,091 
Trimble Inc., 4.75%, 12/01/24 (Call 09/01/24)(a)   375    372,155 
         3,578,226 
Engineering & Construction — 1.1%          
Fluor Corp., 3.50%, 12/15/24 (Call 09/15/24)   5,313    5,191,482 
           
Entertainment — 4.8%          
Live Nation Entertainment Inc., 4.88%, 11/01/24          
(Call 01/29/24)(b)   11,422    11,361,505 
Mohegan Tribal Gaming Authority, 7.88%, 10/15/24          
(Call 01/16/24)(a)(b)   1,500    1,440,427 
Universal Entertainment Corp., 8.75%, 12/11/24          
(Call 11/11/24)(a)(b)(c)   10,543    11,321,108 
         24,123,040 
Environmental Control — 2.1%          
Republic Services Inc., 2.50%, 08/15/24          
(Call 07/15/24)   770    757,795 
Stericycle Inc., 5.38%, 07/15/24 (Call 01/16/24)(b)   9,867    9,830,049 
         10,587,844 
Food — 0.4%          
Conagra Brands Inc., 4.30%, 05/01/24 (Call 04/01/24)   375    373,523 
General Mills Inc., 3.65%, 02/15/24 (Call 01/16/24)   90    89,934 
Kroger Co. (The), 4.00%, 02/01/24 (Call 01/29/24)   90    90,000 
McCormick & Co. Inc./MD, 3.15%, 08/15/24          
(Call 06/15/24)   550    542,699 
Mondelez International Inc., 2.13%, 03/17/24   90    89,573 
Tyson Foods Inc., 3.95%, 08/15/24 (Call 05/15/24)(a)   980    971,103 
         2,156,832 
Forest Products & Paper — 0.1%          
Celulosa Arauco y Constitucion SA, 4.50%, 08/01/24          
(Call 05/01/24)   485    480,009 

 

2

 

 

Schedule of Investments (unaudited) (continued) iShares® iBonds® 2024 Term High Yield and Income ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
         
Health Care - Products — 0.7%          
Baxter International Inc., 1.32%, 11/29/24  $1,185   $1,145,265 
Boston Scientific Corp., 3.45%, 03/01/24          
(Call 02/01/24)   35    34,932 
GE HealthCare Technologies Inc., 5.55%, 11/15/24   895    895,382 
Revvity Inc., 0.85%, 09/15/24 (Call 01/09/24)   570    553,158 
Stryker Corp., 3.38%, 05/15/24 (Call 02/15/24)   130    129,166 
Zimmer Biomet Holdings Inc., 1.45%, 11/22/24          
(Call 01/09/24)   755    731,152 
         3,489,055 
Health Care - Services — 0.6%          
Aetna Inc., 3.50%, 11/15/24 (Call 08/15/24)   680    670,215 
Elevance Health Inc.          
3.35%, 12/01/24 (Call 10/01/24)   495    487,002 
3.50%, 08/15/24 (Call 05/15/24)   220    217,558 
HCA Inc., 5.00%, 03/15/24   600    599,429 
Humana Inc., 3.85%, 10/01/24 (Call 07/01/24)   380    375,606 
Laboratory Corp. of America Holdings          
2.30%, 12/01/24 (Call 11/01/24)(a)   225    219,293 
3.25%, 09/01/24 (Call 07/01/24)   495    487,631 
Quest Diagnostics Inc., 4.25%, 04/01/24          
(Call 01/29/24)(a)   100    99,598 
         3,156,332 
Holding Companies - Diversified — 4.5%          
Ares Capital Corp., 4.20%, 06/10/24 (Call 05/10/24)   795    789,744 
Blackstone Private Credit Fund          
1.75%, 09/15/24   328    319,588 
2.35%, 11/22/24   500    485,725 
Blue Owl Capital Corp., 5.25%, 04/15/24          
(Call 03/15/24)   185    184,524 
FS KKR Capital Corp.          
1.65%, 10/12/24   565    547,985 
4.63%, 07/15/24 (Call 06/15/24)   280    277,927 
Golub Capital BDC Inc., 3.38%, 04/15/24          
(Call 03/15/24)   220    218,601 
Icahn Enterprises LP/Icahn Enterprises Finance          
Corp., 4.75%, 09/15/24 (Call 06/15/24)(a)   12,302    12,233,258 
Main Street Capital Corp., 5.20%, 05/01/24(a)   260    259,057 
Sixth Street Specialty Lending Inc., 3.88%, 11/01/24          
(Call 10/01/24)   470    461,665 
Stena AB, 7.00%, 02/01/24(a)(b)   6,680    6,680,000 
         22,458,074 
Home Builders — 2.1%          
DR Horton Inc., 2.50%, 10/15/24 (Call 09/15/24)   555    543,427 
Lennar Corp., 4.50%, 04/30/24 (Call 01/31/24)   410    409,269 
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%,          
06/15/24   9,587    9,584,017 
         10,536,713 
Home Furnishings — 0.1%          
Leggett & Platt Inc., 3.80%, 11/15/24 (Call 08/15/24)   310    304,399 
Whirlpool Corp., 4.00%, 03/01/24(a)   55    54,923 
         359,322 
Household Products & Wares — 0.1%          
Avery Dennison Corp., 0.85%, 08/15/24          
(Call 01/09/24)   470    457,800 
           
Insurance — 0.4%          
American International Group Inc., 4.13%, 02/15/24   80    79,945 
Aon Global Ltd., 3.50%, 06/14/24 (Call 03/01/24)   305    302,513 
Brown & Brown Inc., 4.20%, 09/15/24 (Call 06/15/24)   405    400,906 
CNA Financial Corp., 3.95%, 05/15/24 (Call 02/15/24)   98    97,467 
Security  Par
(000)		   Value 
         
Insurance (continued)          
First American Financial Corp., 4.60%, 11/15/24  $280   $277,147 
Old Republic International Corp., 4.88%, 10/01/24          
(Call 09/01/24)   495    491,767 
Willis North America Inc., 3.60%, 05/15/24          
(Call 03/15/24)   120    119,184 
         1,768,929 
Internet — 2.6%          
eBay Inc., 3.45%, 08/01/24 (Call 05/01/24)   635    628,353 
Netflix Inc., 5.75%, 03/01/24(a)   75    74,993 
Rakuten Group Inc., 10.25%, 11/30/24(a)(b)   11,080    11,467,083 
Weibo Corp., 3.50%, 07/05/24 (Call 06/05/24)   820    812,404 
         12,982,833 
Iron & Steel — 0.1%          
Steel Dynamics Inc., 2.80%, 12/15/24 (Call 11/15/24)   385    376,362 
           
Leisure Time — 2.3%          
Brunswick Corp., 0.85%, 08/18/24 (Call 01/16/24)(a)   375    365,298 
NCL Corp. Ltd., 3.63%, 12/15/24 (Call 01/09/24)(a)(b)   11,463    11,234,914 
         11,600,212 
Lodging — 8.0%          
Hyatt Hotels Corp., 1.80%, 10/01/24 (Call 01/16/24)   648    631,005 
Las Vegas Sands Corp., 3.20%, 08/08/24          
(Call 07/08/24)   12,316    12,147,816 
Marriott International Inc./MD, 3.60%, 04/15/24          
(Call 03/15/24)   340    338,756 
MGM China Holdings Ltd., 5.38%, 05/15/24          
(Call 01/09/24)(b)   11,645    11,590,079 
Travel + Leisure Co., 5.65%, 04/01/24 (Call 02/01/24)   5,457    5,449,953 
Wynn Macau Ltd., 4.88%, 10/01/24          
(Call 01/09/24)(a)(b)   10,015    9,896,471 
         40,054,080 
Machinery — 0.0%          
Westinghouse Air Brake Technologies Corp., 4.15%,          
03/15/24 (Call 02/15/24)   185    184,623 
           
Manufacturing — 2.4%          
3M Co., 3.25%, 02/14/24 (Call 01/29/24)(a)   135    134,885 
Carlisle Companies Inc., 3.50%, 12/01/24          
(Call 10/01/24)   545    535,449 
Parker-Hannifin Corp.          
2.70%, 06/14/24 (Call 05/14/24)   500    494,764 
3.30%, 11/21/24 (Call 08/21/24)   453    445,357 
3.65%, 06/15/24   1,135    1,126,555 
Teledyne Technologies Inc., 0.95%, 04/01/24          
(Call 01/09/24)   330    327,263 
Textron Inc., 4.30%, 03/01/24 (Call 01/29/24)   65    64,881 
Trinity Industries Inc., 4.55%, 10/01/24          
(Call 07/01/24)(a)   8,960    8,859,263 
         11,988,417 
Media — 7.1%          
Charter Communications Operating LLC/Charter          
Communications Operating Capital, 4.50%,          
02/01/24 (Call 01/16/24)   290    290,000 
CSC Holdings LLC, 5.25%, 06/01/24(a)   11,863    11,843,544 
Discovery Communications LLC, 3.90%, 11/15/24          
(Call 08/15/24)   380    374,654 
DISH DBS Corp., 5.88%, 11/15/24   12,803    11,908,775 
Videotron Ltd., 5.38%, 06/15/24 (Call 03/15/24)(b)   10,757    10,721,009 
         35,137,982 

 

3

 

 

Schedule of Investments (unaudited) (continued) iShares® iBonds® 2024 Term High Yield and Income ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
         
Metal Fabricate & Hardware — 0.0%          
Timken Co. (The), 3.88%, 09/01/24 (Call 06/01/24)(a)  $170   $167,725 
           
Mining — 0.2%          
Freeport-McMoRan Inc., 4.55%, 11/14/24          
(Call 08/14/24)(a)   920    911,784 
           
Office & Business Equipment — 1.5%          
CDW LLC/CDW Finance Corp., 5.50%, 12/01/24          
(Call 06/01/24)   830    827,195 
Xerox Corp., 3.80%, 05/15/24(a)   6,452    6,387,692 
         7,214,887 
Oil & Gas — 0.5%          
Canadian Natural Resources Ltd., 3.80%, 04/15/24          
(Call 01/29/24)(a)   90    89,599 
Continental Resources Inc./OK, 3.80%, 06/01/24          
(Call 03/01/24)   340    337,566 
Devon Energy Corp., 5.25%, 09/15/24 (Call 06/15/24)   139    138,572 
Hess Corp., 3.50%, 07/15/24 (Call 04/15/24)   155    153,435 
Marathon Petroleum Corp., 3.63%, 09/15/24          
(Call 06/15/24)   1,255    1,239,504 
Occidental Petroleum Corp., 2.90%, 08/15/24          
(Call 06/15/24)   590    581,359 
Phillips 66, 0.90%, 02/15/24 (Call 01/16/24)   45    44,922 
         2,584,957 
Packaging & Containers — 1.4%          
Graphic Packaging International LLC, 4.13%,          
08/15/24 (Call 05/15/24)(a)   6,472    6,410,634 
Packaging Corp. of America, 3.65%, 09/15/24          
(Call 06/15/24)   205    202,413 
WRKCo Inc., 3.00%, 09/15/24 (Call 07/15/24)   560    549,938 
         7,162,985 
Pharmaceuticals — 3.1%          
AbbVie Inc.          
2.60%, 11/21/24 (Call 10/21/24)   645    631,508 
3.85%, 06/15/24 (Call 03/15/24)   150    149,039 
Becton Dickinson and Co.          
3.36%, 06/06/24 (Call 04/06/24)   775    768,693 
3.73%, 12/15/24 (Call 09/15/24)   690    680,928 
Cardinal Health Inc.          
3.08%, 06/15/24 (Call 04/15/24)   640    633,403 
3.50%, 11/15/24 (Call 08/15/24)   260    256,131 
Cencora Inc., 3.40%, 05/15/24 (Call 02/15/24)   90    89,371 
Cigna Group (The)          
0.61%, 03/15/24 (Call 01/09/24)   93    92,478 
3.50%, 06/15/24 (Call 03/17/24)   560    555,589 
CVS Health Corp.          
2.63%, 08/15/24 (Call 07/15/24)   830    816,832 
3.38%, 08/12/24 (Call 05/12/24)   540    533,827 
McKesson Corp., 3.80%, 03/15/24 (Call 01/29/24)   120    119,750 
Perrigo Finance Unlimited Co., 3.90%, 12/15/24          
(Call 09/15/24)(a)   10,550    10,337,421 
         15,664,970 
Pipelines — 5.0%          
Boardwalk Pipelines LP, 4.95%, 12/15/24          
(Call 09/15/24)   1,252    1,244,246 
Buckeye Partners LP, 4.35%, 10/15/24          
(Call 07/15/24)(a)   6,465    6,360,885 
Eastern Energy Gas Holdings LLC          
3.60%, 12/15/24 (Call 09/15/24)   225    221,691 
Series A, 2.50%, 11/15/24 (Call 10/15/24)   525    513,033 
Security  Par
(000)		   Value 
           
Pipelines (continued)          
Enbridge Inc.          
2.15%, 02/16/24  $75   $74,889 
3.50%, 06/10/24 (Call 03/10/24)   390    386,882 
Energy Transfer LP          
3.90%, 05/15/24 (Call 02/15/24)   280    278,477 
4.25%, 04/01/24 (Call 01/29/24)   75    74,788 
4.50%, 04/15/24 (Call 03/15/24)(a)   245    244,329 
4.90%, 02/01/24 (Call 01/29/24)   65    65,000 
Enterprise Products Operating LLC, 3.90%, 02/15/24          
(Call 01/29/24)   10    9,992 
EQM Midstream Partners LP, 4.00%, 08/01/24          
(Call 05/01/24)(a)   6,481    6,414,311 
Kinder Morgan Energy Partners LP          
4.15%, 02/01/24   105    105,000 
4.25%, 09/01/24 (Call 06/01/24)   100    99,210 
4.30%, 05/01/24 (Call 02/01/24)   110    109,597 
MPLX LP, 4.88%, 12/01/24 (Call 09/01/24)   640    637,408 
ONEOK Inc., 2.75%, 09/01/24 (Call 08/01/24)   170    167,108 
Plains All American Pipeline LP/PAA Finance Corp.,          
3.60%, 11/01/24 (Call 08/01/24)   1,280    1,259,604 
Sabine Pass Liquefaction LLC, 5.75%, 05/15/24          
(Call 02/15/24)   130    129,880 
Southeast Supply Header LLC, 4.25%, 06/15/24          
(Call 03/15/24)(b)   3,805    3,732,137 
Spectra Energy Partners LP, 4.75%, 03/15/24          
(Call 01/29/24)   340    339,619 
TransCanada PipeLines Ltd., 1.00%, 10/12/24          
(Call 09/12/24)   1,040    1,008,170 
Williams Cos. Inc. (The)          
4.30%, 03/04/24 (Call 01/29/24)   165    164,795 
4.55%, 06/24/24 (Call 03/24/24)   1,045    1,040,171 
         24,681,222 
Real Estate Investment Trusts — 4.1%          
American Tower Corp.          
3.38%, 05/15/24 (Call 04/15/24)   515    511,360 
5.00%, 02/15/24   185    184,932 
Boston Properties LP, 3.80%, 02/01/24          
(Call 01/29/24)   180    180,000 
Brandywine Operating Partnership LP, 4.10%,          
10/01/24 (Call 07/01/24)   7,543    7,418,476 
Brixmor Operating Partnership LP, 3.65%, 06/15/24          
(Call 04/15/24)(a)   120    119,000 
Crown Castle Inc., 3.20%, 09/01/24 (Call 07/01/24)   1,255    1,237,059 
Equinix Inc., 2.63%, 11/18/24 (Call 10/18/24)   855    835,340 
Essex Portfolio LP, 3.88%, 05/01/24 (Call 02/01/24)   220    218,889 
GLP Capital LP/GLP Financing II Inc., 3.35%,          
09/01/24 (Call 06/03/24)   469    462,518 
Host Hotels & Resorts LP, 3.88%, 04/01/24          
(Call 02/01/24)   185    184,372 
Kilroy Realty LP, 3.45%, 12/15/24 (Call 09/15/24)   605    593,349 
Kimco Realty OP LLC, 2.70%, 03/01/24          
(Call 01/16/24)   55    54,851 
NNN REIT Inc., 3.90%, 06/15/24 (Call 03/15/24)   225    223,255 
Office Properties Income Trust, 4.25%, 05/15/24          
(Call 02/15/24)(a)   7,665    7,537,928 
Omega Healthcare Investors Inc., 4.95%, 04/01/24          
(Call 01/29/24)(a)   75    74,804 
Ventas Realty LP          
3.50%, 04/15/24 (Call 03/15/24)   75    74,635 
3.75%, 05/01/24 (Call 02/01/24)(a)   150    149,153 
Welltower OP LLC, 3.63%, 03/15/24 (Call 02/15/24)   215    214,383 

 

4

 

 

Schedule of Investments (unaudited) (continued) iShares® iBonds® 2024 Term High Yield and Income ETF
January 31, 2024 (Percentages shown are based on Net Assets)

 

Security  Par
(000)		   Value 
           
Real Estate Investment Trusts (continued)          
WP Carey Inc., 4.60%, 04/01/24 (Call 01/29/24)(a)  $200   $199,267 
         20,473,571 
Retail — 4.6%          
AutoNation Inc., 3.50%, 11/15/24 (Call 09/15/24)   530    519,844 
AutoZone Inc., 3.13%, 04/18/24 (Call 03/18/24)   271    269,470 
Brinker International Inc., 5.00%, 10/01/24          
(Call 07/01/24)(b)   6,634    6,584,445 
Dollar General Corp., 4.25%, 09/20/24   1,087    1,076,753 
Lowe's Companies Inc., 3.13%, 09/15/24          
(Call 06/15/24)   415    408,985 
McDonald's Corp., 3.25%, 06/10/24   420    416,435 
Nordstrom Inc., 2.30%, 04/08/24 (Call 01/16/24)(a)   4,576    4,531,886 
QVC Inc., 4.85%, 04/01/24   7,376    7,341,662 
Walgreens Boots Alliance Inc., 3.80%, 11/18/24          
(Call 08/18/24)   1,835    1,808,851 
         22,958,331 
Semiconductors — 0.3%          
Broadcom Inc., 3.63%, 10/15/24 (Call 09/15/24)   515    508,266 
Microchip Technology Inc.          
0.97%, 02/15/24   245    244,550 
0.98%, 09/01/24   430    418,333 
NXP BV/NXP Funding LLC, 4.88%, 03/01/24          
(Call 02/01/24)   175    174,839 
Qorvo Inc., 1.75%, 12/15/24(a)   100    96,592 
         1,442,580 
Software — 1.0%          
Fidelity National Information Services Inc., 0.60%,          
03/01/24   130    129,454 
Fiserv Inc., 2.75%, 07/01/24 (Call 06/01/24)   520    513,786 
Oracle Corp.          
2.95%, 11/15/24 (Call 09/15/24)   1,630    1,598,164 
3.40%, 07/08/24 (Call 04/08/24)   1,565    1,549,799 
Roper Technologies Inc., 2.35%, 09/15/24          
(Call 08/15/24)(a)   265    259,682 
Take-Two Interactive Software Inc., 3.30%,          
03/28/24(a)   85    84,669 
VMware LLC, 1.00%, 08/15/24 (Call 01/09/24)(a)   730    712,021 
         4,847,575 
Telecommunications — 3.2%          
AT&T Inc., 0.90%, 03/25/24 (Call 01/09/24)   640    635,626 
Bell Telephone Co. of Canada or Bell Canada,          
Series US-3, 0.75%, 03/17/24(a)   130    129,202 
Motorola Solutions Inc., 4.00%, 09/01/24(a)   160    158,541 
Sprint LLC, 7.13%, 06/15/24   2,145    2,154,628 
Telecom Italia SpA/Milano, 5.30%, 05/30/24(a)(b)   11,711    11,654,024 
Verizon Communications Inc.          
0.75%, 03/22/24   310    307,915 
3.50%, 11/01/24 (Call 08/01/24)   1,010    993,979 
         16,033,915 
Toys, Games & Hobbies — 0.2%          
Hasbro Inc., 3.00%, 11/19/24 (Call 10/19/24)(a)   1,194    1,169,333 
Security  Par
(000)		   Value 
           
Transportation — 0.5%          
Canadian Pacific Railway Co., 1.35%, 12/02/24          
(Call 01/29/24)  $1,280   $1,238,273 
CSX Corp., 3.40%, 08/01/24 (Call 05/01/24)   170    168,247 
Ryder System Inc.          
2.50%, 09/01/24 (Call 08/01/24)   555    544,980 
3.65%, 03/18/24 (Call 02/18/24)(a)   375    374,031 
         2,325,531 
Trucking & Leasing — 0.0%          
GATX Corp., 4.35%, 02/15/24 (Call 01/29/24)   55    54,942 
           
Water — 0.0%          
American Water Capital Corp., 3.85%, 03/01/24          
(Call 01/29/24)   70    69,897 
           
Total Long-Term Investments — 94.0%          
(Cost: $468,056,814)        469,192,280 
           
   Shares      
           
Short-Term Securities          
           
Money Market Funds — 8.8%          
BlackRock Cash Funds: Institutional, SL Agency          
Shares, 5.51%(g)(h)(i)   28,079,244    28,096,091 
BlackRock Cash Funds: Treasury, SL Agency Shares,          
5.32%(g)(h)   15,830,000    15,830,000 
           
Total Short-Term Securities — 8.8%          
(Cost: $43,909,398)        43,926,091 
           
Total Investments — 102.8%          
(Cost: $511,966,212)        513,118,371 
           
Liabilities in Excess of Other Assets — (2.8)%        (14,012,200)
           
Net Assets — 100.0%       $499,106,171 

 

(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)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.

(d)Issuer filed for bankruptcy and/or is in default.

(e)Non-income producing security.

(f)Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

(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 the cash collateral from loaned securities.

 

5

 

 

Schedule of Investments (unaudited) (continued) iShares® iBonds® 2024 Term High Yield and Income 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  $23,643,229   $4,447,318(a)   $—   $351   $5,193   $28,096,091    28,079,244   $108,395(b)   $— 
BlackRock Cash Funds: Treasury, SL Agency Shares   5,190,000    10,640,000(a)    —    —    —    15,830,000    15,830,000    235,597    — 
                  $351   $5,193   $43,926,091        $343,992   $— 

 

(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  $—   $469,192,280   $—   $469,192,280 
Short-Term Securities                    
Money Market Funds   43,926,091    —    —    43,926,091 
   $43,926,091   $469,192,280   $—   $513,118,371 

 

Portfolio Abbreviation

 

PIKPayment-in-kind
REITReal Estate Investment Trust

 

6