Schedule of Investments (unaudited)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security	(000)			Value
Asset-Backed Securities
American Express Credit Account Master Trust Series 2022-2, Class A, 3.39%, 05/15/27	$	1,000	$	980,500
Chase Issuance Trust, 4.60%, 01/16/29
(Call 01/15/27)		860		848,902
Santander Drive Auto Receivables Trust, 5.23%, 12/15/28 (Call 12/15/27)		90		89,531
World Omni Auto Receivables Trust, 4.86%, 03/15/29
(Call 12/15/27)		280		277,393
Total Asset-Backed Securities — 0.4%
(Cost: $2,229,707)				2,196,326
Collaterized Mortgage Obligations
Mortgage-Backed Securities — 1.0%
Barclays Commercial Mortgage Trust, Series
2019-C3, Class A4, 3.58%, 05/15/52
(Call 05/15/29)		100		92,008
BBCMS Mortgage Trust, Series 2021-C11, Class A5, 2.32%, 09/15/54		200		163,347
BBCMS Trust, Series 2021-C10, Class A5, 2.49%, 07/15/54 (Call 07/15/31)		460		383,954
Benchmark Mortgage Trust
4.44%, 05/15/55 (Call 05/15/32)(a)		1,000		919,744
Series 2018-B4, Class ASB, 4.06%, 07/15/51
(Call 07/15/28), (1-day SOFR + 2.127%)(a)		863		840,979
Series 2020-B16, Class A5, 2.73%, 02/15/53
(Call 02/15/30)		100		86,935
Series 2020-B21, Class A4, 1.70%, 12/17/53
(Call 12/15/30)		100		81,192
CGMS Commercial Mortgage Trust, Series 2017-B1 AAB3.24%, 08/15/50 (Call 08/15/27)		104		100,116
Commission Mortgage Trust, Series 2015-CR25, Class A4, 3.76%, 08/10/48 (Call 08/10/25)		1,000		975,560
Federal Home Loan Mortgage Corp. Multifamily Structured Pass-Through Certificates, 5.36%, 01/25/29 (Call 01/25/29),
(1-day SOFR + 2.127%)(a)		950		963,420
GS Mortgage Securities Trust, Series 2017-GS7, Class AAB, 3.20%, 08/10/50 (Call 08/10/27)		458		442,635
JPMBB Commercial Mortgage Securities Trust
Series 2014-C21, Class A5, 3.77%, 08/15/47
(Call 07/15/24)		43		42,039
Series 2015-C29, Class A4, 3.61%, 05/15/48
(Call 01/15/26)		172		168,130
Morgan Stanley Bank of America Merrill Lynch Trust, Series 2016-C32, Class A4, 3.72%, 12/15/49
(Call 01/15/27)		100		95,269
UBS Commercial Mortgage Trust, Series 2018-C13 ASB4.24%, 10/15/51 (Call 10/15/28)		90		87,873
Wells Fargo Commercial Mortgage Trust
Series 2017-RC1, Class A4, 3.63%, 01/15/60
(Call 03/15/27)		150		142,577
Series 2021-C59, Class A5, 2.63%, 04/15/54
(Call 04/15/31)		600		500,039
				6,085,817
Total Collaterized Mortgage Obligations — 1.0%
(Cost: $6,870,805)				6,085,817

	Par
Security	(000)			Value
Corporate Bonds & Notes
Advertising — 0.1%
Advantage Sales & Marketing Inc., 6.50%, 11/15/28
(Call 06/11/24)(b)	$	50	$	45,006
Clear Channel Outdoor Holdings Inc.
5.13%, 08/15/27 (Call 07/01/24)(b)		70		66,166
7.50%, 06/01/29 (Call 07/01/24)(b)		60		49,340
7.75%, 04/15/28 (Call 07/01/24)(b)		60		51,705
7.88%, 04/01/30 (Call 10/01/26)(b)		75		74,626
9.00%, 09/15/28 (Call 09/15/25)(b)(c)		45		46,833
Interpublic Group of Companies Inc. (The)
2.40%, 03/01/31 (Call 12/01/30)		50		41,633
3.38%, 03/01/41 (Call 09/01/40)		25		18,209
4.75%, 03/30/30 (Call 12/30/29)		68		65,968
5.40%, 10/01/48 (Call 04/01/48)		25		23,156
Omnicom Group Inc., 2.60%, 08/01/31
(Call 05/01/31)		15		12,585
Omnicom Group Inc./Omnicom Capital Inc., 3.60%, 04/15/26 (Call 01/15/26)		105		101,815
Outfront Media Capital LLC/Outfront Media
Capital Corp.
4.25%, 01/15/29 (Call 07/01/24)(b)		27		24,385
4.63%, 03/15/30 (Call 03/15/25)(b)		30		26,704
5.00%, 08/15/27 (Call 06/11/24)(b)		40		38,387
7.38%, 02/15/31 (Call 11/15/26)(b)		25		25,853
Stagwell Global LLC, 5.63%, 08/15/29
(Call 08/15/24)(b)		65		59,602
				771,973
Aerospace & Defense — 0.1%
AAR Escrow Issuer LLC, 6.75%, 03/15/29
(Call 03/15/26)(b)		25		25,383
Hexcel Corp.
4.20%, 02/15/27 (Call 11/15/26)		45		43,176
4.95%, 08/15/25 (Call 05/15/25)		39		38,509
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)		51		46,095
5.90%, 02/01/27		51		51,597
5.95%, 02/01/37		40		40,985
6.75%, 01/15/28		25		26,082
Triumph Group Inc., 9.00%, 03/15/28
(Call 03/15/25)(b)		63		65,071
				336,898
Agriculture — 0.0%
Darling Ingredients Inc.
5.25%, 04/15/27 (Call 06/11/24)(b)		35		34,107
6.00%, 06/15/30 (Call 06/15/25)(b)		60		58,665
				92,772
Airlines — 0.1%
Allegiant Travel Co., 7.25%, 08/15/27
(Call 08/15/24)(b)		35		33,123
Azul Secured Finance LLP, 11.93%, 08/28/28
(Call 02/28/26)(d)		200		201,466
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26
(Call 06/11/24)(b)(c)		70		64,593
JetBlue Pass Through Trust, Series 1A, Class A, 4.00%, 05/15/34		39		35,566
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd. 8.00%, 09/20/25 (Call 06/11/24)(b)		65		48,788
				383,536

 1

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Apparel — 0.1%
Crocs Inc.
4.13%, 08/15/31 (Call 08/15/26)(b)	$	20	$	17,405
4.25%, 03/15/29 (Call 07/01/24)(b)		20		18,259
Hanesbrands Inc.
4.88%, 05/15/26 (Call 02/15/26)(b)(c)		53		51,403
9.00%, 02/15/31 (Call 02/15/26)(b)(c)		35		35,728
Kontoor Brands Inc., 4.13%, 11/15/29
(Call 11/15/24)(b)		25		22,582
Tapestry Inc.
3.05%, 03/15/32 (Call 12/15/31)		40		32,122
4.13%, 07/15/27 (Call 04/15/27)		63		59,950
7.00%, 11/27/26		75		76,975
7.05%, 11/27/25		30		30,494
7.35%, 11/27/28 (Call 10/27/28)		75		77,670
7.70%, 11/27/30 (Call 09/27/30)		50		52,258
7.85%, 11/27/33 (Call 08/27/33)		90		94,813
Under Armour Inc., 3.25%, 06/15/26 (Call 03/15/26)		35		33,062
VF Corp.
2.80%, 04/23/27 (Call 02/23/27)		70		63,496
2.95%, 04/23/30 (Call 01/23/30)		5		4,042
Wolverine World Wide Inc., 4.00%, 08/15/29
(Call 08/15/24)(b)		30		24,988
				695,247
Auto Manufacturers — 0.0%
Cummins Inc.
0.75%, 09/01/25 (Call 08/01/25)		22		20,843
1.50%, 09/01/30 (Call 06/01/30)		75		60,970
2.60%, 09/01/50 (Call 03/01/50)		50		30,109
4.88%, 10/01/43 (Call 04/01/43)		40		36,973
5.45%, 02/20/54 (Call 08/20/53)		85		83,237
PACCAR Financial Corp., 1.10%, 05/11/26		60		55,593
Wabash National Corp., 4.50%, 10/15/28
(Call 10/15/24)(b)		25		22,569
				310,294
Auto Parts & Equipment — 0.2%
American Axle & Manufacturing Inc.
5.00%, 10/01/29 (Call 10/01/24)(c)		35		31,881
6.50%, 04/01/27 (Call 07/01/24)(c)		35		34,778
6.88%, 07/01/28 (Call 06/11/24)(c)		25		24,849
Aptiv PLC
3.10%, 12/01/51 (Call 06/01/51)		110		67,670
4.35%, 03/15/29 (Call 12/15/28)		12		11,508
4.40%, 10/01/46 (Call 04/01/46)		2		1,564
5.40%, 03/15/49 (Call 09/15/48)		25		22,224
Aptiv PLC/Aptiv Corp.
3.25%, 03/01/32 (Call 12/01/31)		60		51,747
4.15%, 05/01/52 (Call 11/01/51)		80		59,988
BorgWarner Inc.
2.65%, 07/01/27 (Call 05/01/27)		140		129,317
4.38%, 03/15/45 (Call 09/15/44)		25		20,133
Cooper-Standard Automotive Inc., 10.63%, 05/15/27
(Call 01/31/25), (10.63% PIK)(b)(e)		22		16,553
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)		25		21,769
4.50%, 02/15/32 (Call 02/15/27)		21		17,808
5.38%, 11/15/27 (Call 06/11/24)		25		24,309
5.63%, 06/15/28 (Call 06/11/24)		25		24,188
Garrett Motion Holdings Inc./Garrett LX I SARL, 7.75%, 05/31/32 (Call 05/31/27)(b)		21		21,134

	Par
Security		(000)		Value
Auto Parts & Equipment (continued)
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)	$	100	$	96,205
5.00%, 07/15/29 (Call 04/15/29)		100		91,985
5.25%, 07/15/31 (Call 04/15/31)		100		90,426
Lear Corp.
3.50%, 05/30/30 (Call 02/28/30)		10		8,973
3.55%, 01/15/52 (Call 07/15/51)		35		23,984
3.80%, 09/15/27 (Call 06/15/27)		20		19,082
4.25%, 05/15/29 (Call 02/15/29)		45		42,630
5.25%, 05/15/49 (Call 11/15/48)		45		40,310
Tenneco Inc., 8.00%, 11/17/28 (Call 11/17/24)(b)		115		104,991
				1,100,006
Banks — 6.1%
ABN AMRO Bank NV
2.47%, 12/13/29 (Call 12/13/28),
(1-year CMT + 1.100%)(a)(b)		50		43,760
3.32%, 03/13/37 (Call 12/13/31),
(5-year CMT + 1.900%)(a)(b)		55		44,936
4.80%, 04/18/26(b)		200		195,975
Abu Dhabi Commercial Bank PJSC, 5.50%, 01/12/29(d)		200		201,986
Agricultural Bank of China Ltd./Singapore, 1.25%, 03/02/26(d)		200		186,630
Banc of California, 3.25%, 05/01/31 (Call 05/01/26),
(3-mo. SOFR + 2.520%)(a)		20		18,475
Banco de Credito del Peru SA
3.13%, 07/01/30 (Call 07/01/25),
(5-year CMT + 3.000%)(a)(d)		100		95,705
3.25%, 09/30/31 (Call 09/30/26),
(5-year CMT + 2.450%)(a)(c)(d)		100		91,644
Banco do Brasil SA/Cayman, 6.25%, 04/18/30(d)		200		199,768
Bangkok Bank PCL/Hong Kong, 4.45%, 09/19/28(d)		200		193,081
Bank of China Ltd., 3.50%, 04/20/27(d)		200		191,617
Bank of Communications Co. Ltd., 3.80%,
(Call 11/18/25), (5-year CMT + 3.345%)(a)(d)(f)		200		194,100
Bank of Montreal
0.95%, 01/22/27 (Call 01/22/26),
(1-day SOFR + 0.603%)(a)		55		51,136
1.25%, 09/15/26		270		246,460
2.65%, 03/08/27		115		107,554
3.09%, 01/10/37 (Call 01/10/32),
(5-year CMT + 1.400%)(a)		35		28,350
3.70%, 06/07/25		65		63,814
3.80%, 12/15/32 (Call 12/15/27),
(5-year USD Swap + 1.432%)(a)		70		65,407
5.20%, 02/01/28 (Call 01/01/28)		135		135,213
5.27%, 12/11/26		75		74,884
5.92%, 09/25/25		210		211,194
Series H, 4.70%, 09/14/27 (Call 08/14/27)		140		137,808
Bank of New York Mellon Corp. (The)
1.05%, 10/15/26 (Call 09/15/26)		5		4,549
1.65%, 07/14/28 (Call 05/14/28)		20		17,534
1.65%, 01/28/31 (Call 10/28/30)		85		68,594
1.80%, 07/28/31 (Call 04/28/31)		75		60,275
2.05%, 01/26/27 (Call 12/26/26)		20		18,542
2.45%, 08/17/26 (Call 05/17/26)		106		100,071
2.80%, 05/04/26 (Call 02/04/26)		95		90,899
3.00%, 10/30/28 (Call 07/30/28)		85		77,741
3.25%, 05/16/27 (Call 02/16/27)		105		100,125
3.30%, 08/23/29 (Call 05/23/29)		120		109,259
3.40%, 01/29/28 (Call 10/29/27)		158		149,368

2

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Banks (continued)
3.44%, 02/07/28 (Call 02/07/27),
(3-mo. SOFR + 1.331%)(a)	$	147	$	140,280
3.85%, 04/28/28		132		126,903
3.95%, 11/18/25 (Call 10/18/25)		90		88,546
4.29%, 06/13/33 (Call 06/13/32),
(1-day SOFR + 1.418%)(a)		115		107,398
4.97%, 04/26/34 (Call 04/26/33),
(1-day SOFR + 1.606%)(a)		150		145,665
5.83%, 10/25/33 (Call 10/25/32),
(1-day SOFR + 2.074%)(a)		55		56,747
6.47%, 10/25/34 (Call 10/25/33),
(1-day SOFR + 1.845%)(a)		75		80,788
Series J, 1.90%, 01/25/29 (Call 11/25/28)		45		39,352
Bank of Nova Scotia (The)
1.05%, 03/02/26		150		139,266
1.30%, 06/11/25		65		62,266
1.30%, 09/15/26 (Call 06/15/26)		110		100,426
1.35%, 06/24/26		260		239,876
1.95%, 02/02/27		65		59,740
2.15%, 08/01/31		130		105,806
2.45%, 02/02/32		50		40,954
2.70%, 08/03/26		145		137,119
4.50%, 12/16/25		140		137,502
4.59%, 05/04/37 (Call 02/04/32),
(5-year CMT + 2.050%)(a)		110		98,630
4.75%, 02/02/26		50		49,471
4.85%, 02/01/30		10		9,798
5.65%, 02/01/34		60		60,696
Banque Federative du Credit Mutuel SA
1.60%, 10/04/26(b)		95		87,143
4.94%, 01/26/26(b)		230		228,124
BDO Unibank Inc., 2.13%, 01/13/26(d)		200		189,251
BPCE SA
1.65%, 10/06/26 (Call 10/06/25),
(1-day SOFR + 1.520%)(a)(b)		210		198,380
2.05%, 10/19/27 (Call 10/19/26),
(1-day SOFR + 1.087%)(a)(b)		250		229,474
2.28%, 01/20/32 (Call 01/20/31),
(1-day SOFR + 1.312%)(a)(b)		5		4,044
2.70%, 10/01/29(b)		80		70,172
3.25%, 01/11/28(b)		250		232,205
3.58%, 10/19/42 (Call 10/19/41),
(1-day SOFR + 1.952%)(a)(b)		55		39,483
4.88%, 04/01/26(b)		230		226,569
6.71%, 10/19/29 (Call 10/19/28),
(1-day SOFR + 2.270%)(a)(b)		250		259,870
7.00%, 10/19/34 (Call 10/19/33),
(1-day SOFR + 2.590%)(a)(b)		265		285,541
CaixaBank SA
6.21%, 01/18/29 (Call 01/18/28),
(1-day SOFR + 2.700%)(a)(b)		220		223,557
6.84%, 09/13/34 (Call 09/13/33),
(1-day SOFR + 2.770%)(a)(b)		200		211,926
China Construction Bank Corp./Hong Kong, 5.00%, 11/30/26(d)		200		199,007
Comerica Bank, 5.33%, 08/25/33 (Call 08/25/32),
(1-day SOFR + 2.610%)(a)		10		8,910
Comerica Inc., 4.00%, 02/01/29 (Call 11/03/28)		125		114,551
Cooperatieve Rabobank UA
1.34%, 06/24/26 (Call 06/24/25),
(1-year CMT + 1.000%)(a)(b)		285		272,226

	Par
Security		(000)		Value
Banks (continued)
1.98%, 12/15/27 (Call 12/15/26),
(1-year CMT + 0.730%)(a)(b)	$	260	$	237,853
5.25%, 05/24/41		176		175,501
5.25%, 08/04/45		50		47,797
5.75%, 12/01/43		75		74,782
Cooperatieve Rabobank UA/New York, 5.50%,
10/05/26		285		286,670
DBS Group Holdings Ltd., 1.82%, 03/10/31
(Call 03/10/26), (5-year CMT + 1.100%)(a)(d)		200		187,040
DIB Sukuk Ltd., 2.95%, 01/16/26(d)		200		191,482
Discover Bank, 4.65%, 09/13/28 (Call 06/13/28)		260		248,729
DNB Bank ASA
1.54%, 05/25/27 (Call 05/25/26),
(1-year CMT + 0.720%)(a)(b)		220		203,075
1.61%, 03/30/28 (Call 03/30/27),
(1-year CMT + 0.680%)(a)(b)		20		17,936
Dresdner Funding Trust I, 8.15%, 06/30/31
(Call 06/30/29)(b)		60		64,853
Emirates NBD Bank PJSC, 4.25%, (Call 02/27/27),
(6-year CMT + 3.155%)(a)(d)(f)		200		185,651
First Abu Dhabi Bank PJSC, 4.50%, (Call 04/05/26),
(5-year CMT + 4.138%)(a)(d)(f)		200		192,981
HDFC Bank Ltd., 5.20%, 02/15/27(d)		200		197,822
Huntington Bancshares Inc./Ohio
2.49%, 08/15/36 (Call 08/15/31),
(5-year CMT + 1.170%)(a)		80		60,388
2.55%, 02/04/30 (Call 11/04/29)		155		131,437
5.71%, 02/02/35 (Call 02/02/34),
(1-day SOFR + 1.870%)(a)		60		58,914
Industrial & Commercial Bank of China Ltd., 4.88%, 09/21/25(d)		200		198,029
Industrial & Commercial Bank of China Ltd./Singapore, 1.20%, 09/09/25(d)		200		189,538
ING Groep NV
1.73%, 04/01/27 (Call 04/01/26),
(1-day SOFR + 1.005%)(a)		220		205,275
3.95%, 03/29/27		280		269,969
4.55%, 10/02/28		200		194,500
5.34%, 03/19/30 (Call 03/19/29),
(1-day SOFR + 1.440%)(a)		210		208,391
5.55%, 03/19/35 (Call 03/19/34),
(1-day SOFR + 1.770%)(a)		5		4,949
6.11%, 09/11/34 (Call 09/11/33),
(1-day SOFR + 2.090%)(a)		200		206,254
Intesa Sanpaolo SpA
3.88%, 07/14/27(b)		200		188,568
4.20%, 06/01/32 (Call 06/01/31),
(1-year CMT + 2.600%)(a)(b)		45		37,969
4.95%, 06/01/42 (Call 06/01/41),
(1-year CMT + 2.750%)(a)(b)		50		37,557
5.71%, 01/15/26(b)		90		89,111
7.78%, 06/20/54 (Call 06/20/53),
(1-year CMT + 3.900%)(a)(b)		200		213,598
8.25%, 11/21/33 (Call 11/21/32),
(1-year CMT + 4.400%)(a)(b)		200		222,126
Kasikornbank PCL/Hong Kong, 3.34%, 10/02/31
(Call 10/02/26), (5-year CMT + 1.700%)(a)(d)		200		186,076
KeyBank NA, 5.00%, 01/26/33 (Call 10/26/32)		5		4,584
KeyCorp
2.25%, 04/06/27		166		150,209
2.55%, 10/01/29		114		96,190

 3

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Banks (continued)
4.10%, 04/30/28	$	90	$	84,563
4.15%, 10/29/25		165		161,008
4.79%, 06/01/33 (Call 06/01/32),
(1-day SOFR + 2.060%)(a)		75		68,133
6.40%, 03/06/35 (Call 03/06/34),
(1-day SOFR + 2.420%)(a)		55		55,353
Kookmin Bank, 4.50%, 02/01/29(d)		200		190,372
Korea Development Bank (The), 2.00%, 10/25/31		200		162,339
Landeskreditbank Baden-Wuerttemberg Foerderbank
1.38%, 10/12/28(d)		215		186,940
4.88%, 03/09/26(d)		30		29,846
Landwirtschaftliche Rentenbank
0.88%, 03/30/26		165		153,232
0.88%, 09/03/30		10		7,970
1.75%, 07/27/26		150		140,401
1.75%, 01/14/27(d)		160		147,920
2.38%, 06/10/25		120		116,535
3.00%, 05/21/29(d)		50		46,349
3.88%, 06/14/28		15		14,554
4.13%, 02/06/31(d)		100		97,019
5.00%, 10/24/33		70		71,836
Series 37, 2.50%, 11/15/27		130		120,742
M&T Bank Corp.
4.55%, 08/16/28 (Call 08/16/27),
(1-day SOFR + 1.780%)(a)		10		9,547
5.05%, 01/27/34 (Call 01/27/33),
(1-day SOFR + 1.850%)(a)		50		46,001
Macquarie Bank Ltd.
3.05%, 03/03/36 (Call 03/03/31),
(5-year CMT + 1.700%)(a)(b)		130		107,842
3.62%, 06/03/30(b)		80		70,912
4.88%, 06/10/25(b)		35		34,620
5.21%, 06/15/26(b)		190		189,441
Manufacturers & Traders Trust Co., 4.70%, 01/27/28
(Call 12/27/27)		250		239,985
Mizuho Financial Group Inc.
1.23%, 05/22/27 (Call 05/22/26),
(1-year CMT + 0.670%)(a)		200		184,135
1.98%, 09/08/31 (Call 09/08/30),
(3-mo. SOFR + 1.532%)(a)		5		4,058
2.26%, 07/09/32 (Call 07/09/31),
(1-year CMT + 0.900%)(a)		220		177,746
2.59%, 05/25/31 (Call 05/25/30),
(3-mo. SOFR + 1.332%)(a)		220		187,136
3.66%, 02/28/27		15		14,367
4.02%, 03/05/28		285		273,103
5.38%, 05/26/30 (Call 05/26/29),
(1-year CMT + 1.120%)(a)		210		209,154
5.67%, 05/27/29 (Call 05/27/28),
(1-year CMT + 1.500%)(a)		200		201,786
5.75%, 07/06/34 (Call 07/06/33),
(1-year CMT + 1.900%)(a)		95		96,307
Morgan Stanley
0.99%, 12/10/26 (Call 12/10/25),
(1-day SOFR + 0.720%)(a)		260		242,361
1.51%, 07/20/27 (Call 07/20/26),
(1-day SOFR + 0.858%)(a)		259		238,381
1.59%, 05/04/27 (Call 05/04/26),
(1-day SOFR + 0.879%)(a)		279		258,874
1.79%, 02/13/32 (Call 02/13/31),
(1-day SOFR + 1.034%)(a)		190		151,308

	Par
Security		(000)		Value
Banks (continued)
1.93%, 04/28/32 (Call 04/28/31),
(1-day SOFR + 1.020%)(a)	$	160	$	127,725
2.24%, 07/21/32 (Call 07/21/31),
(1-day SOFR + 1.178%)(a)		245		198,647
2.48%, 01/21/28 (Call 01/21/27),
(1-day SOFR + 1.000%)(a)		140		130,038
2.48%, 09/16/36 (Call 09/16/31),
(1-day SOFR + 1.360%)(a)		190		149,736
2.51%, 10/20/32 (Call 10/20/31),
(1-day SOFR + 1.200%)(a)		156		128,180
2.70%, 01/22/31 (Call 01/22/30),
(1-day SOFR + 1.143%)(a)		310		269,678
2.80%, 01/25/52 (Call 01/25/51),
(1-day SOFR + 1.430%)(a)		135		84,837
2.94%, 01/21/33 (Call 01/21/32),
(1-day SOFR + 1.290%)(a)		170		143,256
3.13%, 07/27/26		150		143,301
3.22%, 04/22/42 (Call 04/22/41),
(1-day SOFR + 1.485%)(a)		175		130,478
3.59%, 07/22/28 (Call 07/22/27)(a)		214		202,805
3.62%, 04/01/31 (Call 04/01/30),
(1-day SOFR + 3.120%)(a)		220		200,852
3.63%, 01/20/27		295		283,698
3.77%, 01/24/29 (Call 01/24/28),
(3-mo. SOFR + 1.402%)(a)		240		227,434
3.88%, 01/27/26		170		165,927
3.95%, 04/23/27		215		207,447
3.97%, 07/22/38 (Call 07/22/37)(a)		90		75,939
4.00%, 07/23/25		175		172,192
4.21%, 04/20/28 (Call 04/20/27),
(1-day SOFR + 1.610%)(a)		110		106,615
4.30%, 01/27/45		170		145,787
4.35%, 09/08/26		105		102,640
4.38%, 01/22/47		150		128,976
4.43%, 01/23/30 (Call 01/23/29),
(3-mo. SOFR + 1.890%)(a)		225		216,630
4.68%, 07/17/26 (Call 07/17/25),
(1-day SOFR + 1.669%)(a)		170		168,122
4.89%, 07/20/33 (Call 07/20/32),
(1-day SOFR + 2.076%)(a)		120		114,989
5.00%, 11/24/25		175		173,609
5.16%, 04/20/29 (Call 04/20/28),
(1-day SOFR + 1.590%)(a)		120		119,187
5.17%, 01/16/30 (Call 01/16/29),
(1-day SOFR + 1.450%)(a)		400		397,196
5.25%, 04/21/34 (Call 04/21/33),
(1-day SOFR + 1.870%)(a)		202		197,541
5.30%, 04/20/37 (Call 04/20/32),
(1-day SOFR + 2.620%)(a)		165		157,472
5.42%, 07/21/34 (Call 07/21/33),
(1-day SOFR + 1.880%)(a)		170		168,260
5.47%, 01/18/35 (Call 01/18/34),
(1-day SOFR + 1.730%)(a)		175		173,780
5.60%, 03/24/51 (Call 03/24/50),
(1-day SOFR + 4.840%)(a)		155		156,759
5.83%, 04/19/35 (Call 04/19/34),
(1-day SOFR +1.580%)(a)		250		255,011
5.94%, 02/07/39 (Call 02/07/34),
(5-year CMT + 1.800%)(a)		70		69,223
5.95%, 01/19/38 (Call 01/19/33),
(5-year CMT + 2.430%)(a)		50		49,643

4

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Banks (continued)
6.25%, 08/09/26	$	55	$	56,026
6.34%, 10/18/33 (Call 10/18/32),
(1-day SOFR + 2.560%)(a)		200		211,470
6.38%, 07/24/42		138		153,105
6.63%, 11/01/34 (Call 11/01/33),
(1-day SOFR + 2.050%)(a)		120		129,112
7.25%, 04/01/32		96		108,537
National Bank of Canada, 5.60%, 12/18/28		55		55,434
National Securities Clearing Corp., 5.10%, 11/21/27
(Call 10/21/27)(b)		10		10,001
NBK SPC Ltd., 1.63%, 09/15/27 (Call 09/15/26),
(1-day SOFR + 1.050%)(a)(d)		200		182,428
Nederlandse Waterschapsbank NV, 2.38%, 03/24/26(b)		10		9,543
Nordea Bank Abp
0.75%, 08/28/25(b)		290		273,998
1.50%, 09/30/26(b)		135		123,559
4.63%, 09/13/33 (Call 09/13/28),
(5-year USD Swap + 1.690%)(a)(b)		110		103,732
Norinchukin Bank (The), 2.08%, 09/22/31(b)		55		43,609
Northern Trust Corp.
1.95%, 05/01/30 (Call 02/01/30)		105		88,477
3.15%, 05/03/29 (Call 02/03/29)		60		55,172
3.38%, 05/08/32 (Call 05/08/27),
(3-mo. LIBOR US + 1.131%)(a)		42		39,436
3.65%, 08/03/28 (Call 05/03/28)		95		90,554
3.95%, 10/30/25		75		73,556
4.00%, 05/10/27 (Call 04/10/27)		73		71,017
6.13%, 11/02/32 (Call 08/02/32)(c)		5		5,188
NRW Bank
0.88%, 03/09/26(d)		85		78,975
3.88%, 05/26/26(d)		20		19,545
Oesterreichische Kontrollbank AG
0.38%, 09/17/25		240		225,723
0.50%, 02/02/26		60		55,650
3.63%, 09/09/27		5		4,826
4.13%, 01/20/26		20		19,701
4.13%, 01/18/29		120		117,392
4.25%, 03/01/28		35		34,390
4.63%, 11/03/25		50		49,625
5.00%, 10/23/26		30		30,072
Oversea-Chinese Banking Corp. Ltd., 1.83%, 09/10/30 (Call 09/10/25),
(5-year CMT + 1.580%)(a)(b)		178		169,436
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26 (Call 07/13/26)		70		63,997
2.31%, 04/23/32 (Call 04/23/31),
(1-day SOFR + 0.979%)(a)		135		111,217
2.55%, 01/22/30 (Call 10/24/29)		265		230,167
2.60%, 07/23/26 (Call 05/23/26)		185		175,137
3.15%, 05/19/27 (Call 04/19/27)		75		71,065
3.45%, 04/23/29 (Call 01/23/29)		226		208,622
4.63%, 06/06/33 (Call 06/06/32),
(1-day SOFR + 1.850%)(a)		45		41,665
4.76%, 01/26/27 (Call 01/26/26),
(1-day SOFR + 1.085%)(a)		200		197,502
5.07%, 01/24/34 (Call 01/24/33),
(1-day SOFR + 1.933%)(a)		180		172,827
5.58%, 06/12/29 (Call 06/12/28),
(1-day SOFR + 1.841%)(a)		165		165,963

	Par
Security		(000)		Value
Banks (continued)
5.68%, 01/22/35 (Call 01/22/34),
(1-day SOFR + 1.902%)(a)	$	110	$	109,973
5.94%, 08/18/34 (Call 08/18/33),
(1-day SOFR + 1.946%)(a)		20		20,359
6.04%, 10/28/33 (Call 10/28/32),
(1-day SOFR + 2.140%)(a)		100		102,639
6.88%, 10/20/34 (Call 10/20/33),
(1-day SOFR + 2.284%)(a)		140		151,626
QNB Finance Ltd., 6.54%, 04/02/29,
(1-day SOFR + 1.200%)(a)		200		200,908
Regions Financial Corp.
1.80%, 08/12/28 (Call 06/12/28)		60		51,675
7.38%, 12/10/37		51		56,041
Shinhan Bank Co. Ltd., 3.88%, 03/24/26(d)		200		193,514
Shinhan Financial Group Co. Ltd., 5.00%, 07/24/28(d)		200		197,000
Skandinaviska Enskilda Banken AB
0.85%, 09/02/25(b)		220		207,925
1.20%, 09/09/26(b)		25		22,756
State Street Corp.
2.20%, 02/07/28 (Call 02/07/27),
(1-day SOFR + 0.730%)(a)		100		92,608
2.20%, 03/03/31		145		120,241
2.40%, 01/24/30		95		83,187
2.62%, 02/07/33 (Call 02/07/32),
(1-day SOFR + 1.002%)(a)		25		20,794
2.65%, 05/19/26		75		71,480
3.03%, 11/01/34 (Call 11/01/29),
(1-day SOFR + 1.490%)(a)		45		39,409
3.15%, 03/30/31 (Call 03/30/30),
(1-day SOFR + 2.650%)(a)		5		4,492
3.55%, 08/18/25		119		116,777
4.14%, 12/03/29 (Call 12/03/28),
(3-mo. SOFR + 1.292%)(a)		85		81,556
4.42%, 05/13/33 (Call 05/13/32),
(1-day SOFR + 1.605%)(a)		10		9,445
4.82%, 01/26/34 (Call 01/26/33),
(1-day SOFR + 1.567%)(a)		50		48,082
5.16%, 05/18/34 (Call 05/18/33),
(1-day SOFR + 1.890%)(a)		140		137,653
Sumitomo Mitsui Financial Group Inc.
1.47%, 07/08/25		245		234,553
1.71%, 01/12/31		125		99,587
1.90%, 09/17/28		225		196,129
2.13%, 07/08/30		95		79,032
2.14%, 09/23/30		112		92,495
2.63%, 07/14/26		75		70,933
2.93%, 09/17/41		200		145,979
3.01%, 10/19/26		145		137,335
3.20%, 09/17/29		120		108,096
3.35%, 10/18/27		113		106,295
3.36%, 07/12/27		140		132,509
3.45%, 01/11/27		55		52,615
3.54%, 01/17/28		40		37,776
3.78%, 03/09/26		175		170,312
3.94%, 07/19/28		20		19,080
4.31%, 10/16/28(c)		45		43,731
5.71%, 01/13/30		205		208,393
5.77%, 01/13/33		200		205,137
5.81%, 09/14/33		35		36,140
5.88%, 07/13/26		280		282,684
6.18%, 07/13/43		10		10,908

 5

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Banks (continued)
Sumitomo Mitsui Trust Bank Ltd.
1.35%, 09/16/26(b)	$	15	$	13,701
5.50%, 03/09/28(b)		10		10,099
5.55%, 09/14/28(b)		220		222,548
5.65%, 03/09/26(b)		230		230,751
Svenska Handelsbanken AB, 1.42%, 06/11/27
(Call 06/11/26), (1-year CMT + 0.630%)(a)(b)		275		252,599
Truist Bank
3.30%, 05/15/26 (Call 04/15/26)		80		76,691
4.05%, 11/03/25 (Call 09/03/25)		15		14,723
Truist Financial Corp.
1.13%, 08/03/27 (Call 06/03/27)		75		65,921
1.20%, 08/05/25 (Call 07/03/25)		115		109,278
1.27%, 03/02/27 (Call 03/02/26),
(1-day SOFR + 0.609%)(a)		215		199,450
1.89%, 06/07/29 (Call 06/07/28),
(1-day SOFR + 0.862%)(a)		95		82,610
1.95%, 06/05/30 (Call 03/05/30)		70		57,423
3.70%, 06/05/25 (Call 05/05/25)		210		205,945
3.88%, 03/19/29 (Call 02/16/29)		45		41,792
4.12%, 06/06/28 (Call 06/06/27),
(1-day SOFR + 1.368%)(a)		150		144,110
4.92%, 07/28/33 (Call 07/28/32),
(1-day SOFR + 2.240%)(a)		80		73,785
5.12%, 01/26/34 (Call 01/26/33),
(1-day SOFR + 1.852%)(a)		100		95,189
5.44%, 01/24/30 (Call 01/24/29),
(1-day SOFR + 1.620%)(a)		85		84,496
5.71%, 01/24/35 (Call 01/24/34),
(1-day SOFR + 1.922%)(a)		95		94,435
5.87%, 06/08/34 (Call 06/08/33),
(1-day SOFR + 2.361%)(a)		230		230,846
7.16%, 10/30/29 (Call 10/30/28),
(1-day SOFR + 2.446%)(a)		160		169,462
U.S. Bancorp
1.38%, 07/22/30 (Call 04/22/30)		35		28,001
2.22%, 01/27/28 (Call 01/27/27),
(1-day SOFR + 0.730%)(a)		125		115,004
2.49%, 11/03/36 (Call 11/03/31),
(5-year CMT + 0.950%)(a)		160		125,058
2.68%, 01/27/33 (Call 01/27/32),
(1-day SOFR + 1.020%)(a)		80		65,552
3.00%, 07/30/29 (Call 04/30/29)		70		62,144
3.10%, 04/27/26 (Call 03/27/26)		80		76,685
3.95%, 11/17/25 (Call 10/17/25)		10		9,795
4.65%, 02/01/29 (Call 02/01/28),
(1-day SOFR + 1.230%)(a)		150		146,123
4.84%, 02/01/34 (Call 02/01/33),
(1-day SOFR + 1.600%)(a)		195		183,574
4.97%, 07/22/33 (Call 07/22/32),
(1-day SOFR + 2.110%)(a)		55		51,363
5.68%, 01/23/35 (Call 01/23/34),
(1-day SOFR + 1.860%)(a)		120		119,798
5.78%, 06/12/29 (Call 06/12/28),
(1-day SOFR + 2.020%)(a)		75		75,812
5.84%, 06/12/34 (Call 06/10/33),
(1-day SOFR + 2.260%)(a)		120		120,885
5.85%, 10/21/33 (Call 10/21/32),
(1-day SOFR + 2.090%)(a)		110		111,231
Series V, 2.38%, 07/22/26 (Call 06/22/26)		245		230,879
Series X, 3.15%, 04/27/27 (Call 03/27/27)		175		166,200

	Par
Security		(000)		Value
Banks (continued)
United Overseas Bank Ltd.
1.25%, 04/14/26(b)	$	45	$	41,857
3.86%, 10/07/32 (Call 10/07/27),
(5-year CMT + 1.450%)(a)(b)		5		4,743
Valley National Bancorp., 3.00%, 06/15/31
(Call 06/15/26), (3-mo. SOFR + 2.360%)(a)(c)		20		15,221
Webster Financial Corp., 4.10%, 03/25/29
(Call 12/25/28)		70		64,304
Western Alliance Bancorp, 3.00%, 06/15/31
(Call 06/15/26), (3-mo. SOFR + 2.250%)(a)		35		31,391
Woori Bank, 0.75%, 02/01/26(d)		200		185,215
Yapi ve Kredi Bankasi A/S, 9.25%, 01/17/34
(Call 01/17/29), (5-year CMT + 5.278%)(a)(d)		200		206,297
				38,136,002
Beverages — 0.1%
Coca-Cola Femsa SAB de CV, 1.85%, 09/01/32
(Call 06/01/32)		160		122,718
JDE Peet’s NV, 2.25%, 09/24/31 (Call 06/24/31)(b)		5		3,962
Keurig Dr Pepper Inc.
2.25%, 03/15/31 (Call 12/15/30)		25		20,701
2.55%, 09/15/26 (Call 06/15/26)		65		61,155
3.20%, 05/01/30 (Call 02/01/30)		80		71,796
3.35%, 03/15/51 (Call 09/15/50)		45		30,577
3.43%, 06/15/27 (Call 03/15/27)		40		37,987
3.80%, 05/01/50 (Call 11/01/49)		50		37,306
3.95%, 04/15/29 (Call 02/15/29)		60		56,787
4.05%, 04/15/32 (Call 01/15/32)		55		50,752
4.42%, 12/15/46 (Call 06/15/46)		35		29,315
4.50%, 11/15/45 (Call 05/15/45)		45		38,251
4.50%, 04/15/52 (Call 10/15/51)		70		58,357
4.60%, 05/25/28 (Call 02/25/28)		10		9,787
5.05%, 03/15/29 (Call 02/15/29)		50		49,663
Primo Water Holdings Inc., 4.38%, 04/30/29
(Call 07/01/24)(b)		45		41,374
				720,488
Biotechnology — 0.6%
Amgen Inc.
1.65%, 08/15/28 (Call 06/15/28)		60		52,187
2.00%, 01/15/32 (Call 10/15/31)		185		147,826
2.20%, 02/21/27 (Call 12/21/26)		163		150,692
2.30%, 02/25/31 (Call 11/25/30)		86		71,909
2.45%, 02/21/30 (Call 11/21/29)		125		108,251
2.60%, 08/19/26 (Call 05/19/26)		102		96,468
2.77%, 09/01/53 (Call 03/01/53)		65		38,772
2.80%, 08/15/41 (Call 02/15/41)		65		45,735
3.00%, 02/22/29 (Call 12/22/28)		85		77,846
3.00%, 01/15/52 (Call 07/15/51)(c)		30		19,516
3.15%, 02/21/40 (Call 08/21/39)		117		87,393
3.20%, 11/02/27 (Call 08/02/27)		70		65,739
3.35%, 02/22/32 (Call 11/22/31)		30		26,425
3.38%, 02/21/50 (Call 08/21/49)		125		87,835
4.05%, 08/18/29 (Call 06/18/29)		105		99,839
4.20%, 02/22/52 (Call 08/22/51)		65		51,528
4.40%, 05/01/45 (Call 11/01/44)		120		101,136
4.40%, 02/22/62 (Call 08/22/61)		65		51,497
4.56%, 06/15/48 (Call 12/15/47)		85		71,880
4.66%, 06/15/51 (Call 12/15/50)		250		213,796
4.88%, 03/01/53 (Call 09/01/52)		50		44,008
4.95%, 10/01/41		10		9,245
5.15%, 03/02/28 (Call 02/02/28)		220		219,456

6

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Biotechnology (continued)
5.15%, 11/15/41 (Call 05/15/41)	$	52	$	48,820
5.25%, 03/02/30 (Call 01/02/30)		100		100,280
5.25%, 03/02/33 (Call 12/02/32)		300		297,726
5.60%, 03/02/43 (Call 09/02/42)		155		153,475
5.65%, 03/02/53 (Call 09/02/52)		240		236,730
5.75%, 03/02/63 (Call 09/02/62)		185		181,883
6.38%, 06/01/37		35		37,258
6.40%, 02/01/39		35		37,447
Biogen Inc.
2.25%, 05/01/30 (Call 02/01/30)		139		117,102
3.15%, 05/01/50 (Call 11/01/49)		115		74,371
3.25%, 02/15/51 (Call 08/15/50)		50		33,165
4.05%, 09/15/25 (Call 06/15/25)		55		54,037
5.20%, 09/15/45 (Call 03/15/45)		50		45,712
CSL Finance PLC
4.05%, 04/27/29 (Call 02/27/29)(b)		35		33,217
4.25%, 04/27/32 (Call 01/27/32)(b)		20		18,709
4.63%, 04/27/42 (Call 10/27/41)(b)		10		8,903
4.75%, 04/27/52 (Call 10/27/51)(b)		100		87,742
5.11%, 04/03/34 (Call 01/03/34)(b)		30		29,386
5.42%, 04/03/54 (Call 10/03/53)(b)		50		48,220
Illumina Inc.
2.55%, 03/23/31 (Call 12/23/30)		85		69,499
5.75%, 12/13/27 (Call 11/13/27)		15		15,085
Regeneron Pharmaceuticals Inc.
1.75%, 09/15/30 (Call 06/15/30)		80		65,155
2.80%, 09/15/50 (Call 03/15/50)		71		43,341
Royalty Pharma PLC
1.75%, 09/02/27 (Call 07/02/27)		60		53,526
2.20%, 09/02/30 (Call 06/02/30)		20		16,528
3.35%, 09/02/51 (Call 03/02/51)		110		70,064
3.55%, 09/02/50 (Call 03/02/50)		55		36,836
				3,953,196
Building Materials — 0.3%
Boise Cascade Co., 4.88%, 07/01/30
(Call 07/01/25)(b)		25		23,094
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)(b)		75		65,516
5.00%, 03/01/30 (Call 03/01/25)(b)		30		28,271
6.38%, 06/15/32 (Call 06/15/27)(b)		40		39,876
6.38%, 03/01/34 (Call 03/01/29)(b)		55		53,924
Camelot Return Merger Sub Inc., 8.75%, 08/01/28
(Call 08/01/24)(b)		40		39,612
Cornerstone Building Brands Inc., 6.13%, 01/15/29
(Call 07/01/24)(b)		20		16,267
CRH America Finance Inc.
3.95%, 04/04/28 (Call 01/04/28)(b)		70		66,955
4.40%, 05/09/47 (Call 11/09/46)(b)		10		8,174
4.50%, 04/04/48 (Call 10/04/47)(b)		16		13,326
CRH America Inc., 5.13%, 05/18/45 (Call 11/18/44)(b)		50		45,582
Fortune Brands Innovations Inc.
3.25%, 09/15/29 (Call 06/15/29)		82		73,844
4.00%, 06/15/25 (Call 03/15/25)		50		49,103
5.88%, 06/01/33 (Call 03/01/33)		40		40,276
Griffon Corp., 5.75%, 03/01/28 (Call 07/01/24)		55		53,191
James Hardie International Finance DAC, 5.00%, 01/15/28 (Call 07/01/24)(b)		25		23,944
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 07/01/24)(b)(c)		12		11,764
4.88%, 12/15/27 (Call 07/01/24)(b)		25		23,438
Knife River Corp., 7.75%, 05/01/31 (Call 05/01/26)(b)		30		31,254

	Par
Security		(000)		Value
Building Materials (continued)
Lennox International Inc.
1.35%, 08/01/25 (Call 07/01/25)	$	105	$	99,841
1.70%, 08/01/27 (Call 06/01/27)		72		64,389
Louisiana-Pacific Corp., 3.63%, 03/15/29
(Call 07/01/24)(b)		25		22,509
Martin Marietta Materials Inc.
2.40%, 07/15/31 (Call 04/15/31)		47		38,801
3.20%, 07/15/51 (Call 01/15/51)		65		43,829
3.45%, 06/01/27 (Call 03/01/27)		25		23,791
3.50%, 12/15/27 (Call 09/15/27)		70		66,177
4.25%, 12/15/47 (Call 06/15/47)		40		32,583
Series CB, 2.50%, 03/15/30 (Call 12/15/29)		52		44,835
Masco Corp.
2.00%, 10/01/30 (Call 07/01/30)		75		61,017
2.00%, 02/15/31 (Call 11/15/30)		20		16,244
3.13%, 02/15/51 (Call 08/15/50)		15		9,686
3.50%, 11/15/27 (Call 08/15/27)		35		32,981
4.50%, 05/15/47 (Call 11/15/46)		40		33,004
Mohawk Industries Inc., 5.85%, 09/18/28
(Call 08/18/28)		10		10,181
Owens Corning
3.40%, 08/15/26 (Call 05/15/26)		99		94,725
3.50%, 02/15/30 (Call 08/15/29)(b)		25		22,633
3.88%, 06/01/30 (Call 03/01/30)		60		55,781
3.95%, 08/15/29 (Call 05/15/29)		5		4,699
4.30%, 07/15/47 (Call 01/15/47)		45		36,620
4.40%, 01/30/48 (Call 07/30/47)		25		20,290
7.00%, 12/01/36		25		27,701
Summit Materials LLC/Summit Materials
Finance Corp.
5.25%, 01/15/29 (Call 06/11/24)(b)		46		44,349
6.50%, 03/15/27 (Call 06/11/24)(b)		20		20,006
7.25%, 01/15/31 (Call 01/15/27)(b)		40		41,265
Trane Technologies Financing Ltd.
3.50%, 03/21/26 (Call 01/21/26)		70		67,774
3.80%, 03/21/29 (Call 12/21/28)		68		64,385
4.50%, 03/21/49 (Call 09/21/48)		24		20,342
4.65%, 11/01/44 (Call 05/01/44)		25		22,127
5.25%, 03/03/33 (Call 12/03/32)		40		40,072
Trane Technologies Global Holding Co. Ltd.
3.75%, 08/21/28 (Call 05/21/28)		42		39,921
4.30%, 02/21/48 (Call 08/21/47)		22		18,136
5.75%, 06/15/43		20		20,265
Vulcan Materials Co.
3.50%, 06/01/30 (Call 03/01/30)		85		77,145
4.50%, 06/15/47 (Call 12/15/46)		27		22,713
4.70%, 03/01/48 (Call 09/01/47)		45		39,066
				2,107,294
Chemicals — 0.7%
Air Liquide Finance SA
2.25%, 09/10/29 (Call 06/10/29)(b)		5		4,394
2.50%, 09/27/26 (Call 06/27/26)(b)		15		14,151
3.50%, 09/27/46 (Call 03/27/46)(b)		20		15,068
Air Products and Chemicals Inc.
1.50%, 10/15/25 (Call 09/15/25)		40		38,061
1.85%, 05/15/27 (Call 03/15/27)		48		44,008
2.05%, 05/15/30 (Call 02/15/30)		64		54,415
2.70%, 05/15/40 (Call 11/15/39)		60		42,759
2.80%, 05/15/50 (Call 11/15/49)		60		38,353
4.60%, 02/08/29 (Call 01/08/29)		10		9,869
4.75%, 02/08/31 (Call 12/08/30)		5		4,931

 7

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Chemicals (continued)
4.85%, 02/08/34 (Call 11/08/33)	$	100	$	97,509
Ashland Inc.
3.38%, 09/01/31 (Call 06/01/31)(b)		25		21,018
6.88%, 05/15/43 (Call 02/15/43)		15		15,309
Avient Corp.
5.75%, 05/15/25 (Call 07/01/24)(b)		35		34,814
7.13%, 08/01/30 (Call 08/01/25)(b)		45		45,788
Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/31 (Call 11/15/26)(b)		30		31,073
Axalta Coating Systems LLC, 3.38%, 02/15/29
(Call 07/01/24)(b)		40		35,642
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27
(Call 07/05/24)(b)		30		28,950
Celanese U.S. Holdings LLC
1.40%, 08/05/26 (Call 07/05/26)		40		36,540
6.17%, 07/15/27 (Call 06/15/27)		175		177,390
6.35%, 11/15/28 (Call 10/15/28)		100		102,662
6.38%, 07/15/32 (Call 04/15/32)		95		97,676
6.55%, 11/15/30 (Call 09/15/30)		5		5,222
6.70%, 11/15/33 (Call 08/15/33)		80		84,143
CF Industries Inc.
4.95%, 06/01/43		45		39,608
5.15%, 03/15/34		60		57,356
5.38%, 03/15/44		50		46,069
Element Solutions Inc., 3.88%, 09/01/28
(Call 07/01/24)(b)		45		40,948
FMC Corp.
3.45%, 10/01/29 (Call 07/01/29)		10		8,986
4.50%, 10/01/49 (Call 04/01/49)		50		38,555
5.65%, 05/18/33 (Call 02/18/33)		50		49,167
6.38%, 05/18/53 (Call 11/18/52)		25		24,939
HB Fuller Co.
4.00%, 02/15/27 (Call 11/15/26)		20		19,322
4.25%, 10/15/28 (Call 07/01/24)		15		14,069
International Flavors & Fragrances Inc.
1.23%, 10/01/25 (Call 09/01/25)(b)		100		94,200
1.83%, 10/15/27 (Call 08/15/27)(b)		115		101,942
2.30%, 11/01/30 (Call 08/01/30)(b)		50		41,402
3.27%, 11/15/40 (Call 05/15/40)(b)		35		24,797
3.47%, 12/01/50 (Call 06/01/50)(b)		60		39,243
4.38%, 06/01/47 (Call 12/01/46)		45		34,563
4.45%, 09/26/28 (Call 06/26/28)		25		23,991
5.00%, 09/26/48 (Call 03/26/48)		55		46,736
Linde Inc./CT
1.10%, 08/10/30 (Call 05/10/30)		34		27,216
2.00%, 08/10/50 (Call 02/10/50)		45		24,158
3.20%, 01/30/26 (Call 10/30/25)		100		96,799
3.55%, 11/07/42 (Call 05/07/42)		30		23,797
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)		40		38,621
5.25%, 12/15/29 (Call 09/15/29)		40		38,257
5.65%, 12/01/44 (Call 06/01/44)		20		17,443
Mosaic Co. (The)
4.05%, 11/15/27 (Call 08/15/27)		60		57,601
4.88%, 11/15/41 (Call 05/15/41)		10		8,751
5.38%, 11/15/28 (Call 10/15/28)		25		24,992
5.45%, 11/15/33 (Call 05/15/33)		25		24,683
5.63%, 11/15/43 (Call 05/15/43)		45		42,738
Nutrien Ltd.
2.95%, 05/13/30 (Call 02/13/30)		94		82,980

	Par
Security		(000)		Value
Chemicals (continued)
3.95%, 05/13/50 (Call 11/13/49)	$	60	$	45,127
4.00%, 12/15/26 (Call 09/15/26)		30		29,022
4.13%, 03/15/35 (Call 09/15/34)		25		22,224
4.20%, 04/01/29 (Call 01/01/29)		80		76,623
4.90%, 06/01/43 (Call 12/01/42)		30		26,665
5.00%, 04/01/49 (Call 10/01/48)		51		45,156
5.25%, 01/15/45 (Call 07/15/44)		35		32,267
5.63%, 12/01/40		25		24,196
5.80%, 03/27/53 (Call 09/27/52)		30		29,811
5.88%, 12/01/36		35		35,751
OCI NV, 4.63%, 10/15/25 (Call 07/01/24)(b)		100		98,660
Orbia Advance Corp. SAB de CV, 2.88%, 05/11/31
(Call 02/11/31)(d)		200		163,523
PPG Industries Inc.
1.20%, 03/15/26 (Call 02/15/26)		40		37,144
2.55%, 06/15/30 (Call 03/15/30)		75		64,684
3.75%, 03/15/28 (Call 12/15/27)		134		127,896
Rain Carbon Inc., 12.25%, 09/01/29
(Call 03/01/26)(b)(c)		25		26,653
Rayonier AM Products Inc., 7.63%, 01/15/26
(Call 06/17/24)(b)		30		27,141
RPM International Inc., 4.25%, 01/15/48
(Call 07/15/47)		35		28,814
SABIC Capital II BV, 4.50%, 10/10/28(d)		200		194,211
Sherwin-Williams Co. (The)
2.20%, 03/15/32 (Call 12/15/31)		25		20,183
2.30%, 05/15/30 (Call 02/15/30)		80		68,149
2.90%, 03/15/52 (Call 09/15/51)		25		15,627
2.95%, 08/15/29 (Call 05/15/29)		115		103,038
3.30%, 05/15/50 (Call 11/15/49)		40		27,434
3.45%, 08/01/25 (Call 05/01/25)		35		34,147
3.45%, 06/01/27 (Call 03/01/27)		149		141,898
3.80%, 08/15/49 (Call 02/15/49)		40		30,098
3.95%, 01/15/26 (Call 10/15/25)		20		19,563
4.50%, 06/01/47 (Call 12/01/46)		75		63,597
4.55%, 08/01/45 (Call 02/01/45)		21		17,806
Sociedad Quimica y Minera de Chile SA, 4.25%, 05/07/29 (Call 02/07/29)(d)		200		189,772
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc., 5.13%, 04/01/29 (Call 07/01/24)(b)		25		10,524
Tronox Inc., 4.63%, 03/15/29 (Call 07/01/24)(b)		65		59,046
Westlake Corp.
2.88%, 08/15/41 (Call 02/15/41)		15		10,108
3.38%, 08/15/61 (Call 02/15/61)		25		15,114
4.38%, 11/15/47 (Call 05/15/47)		90		72,485
Yara International ASA
3.15%, 06/04/30 (Call 03/04/30)(b)		85		73,785
3.80%, 06/06/26 (Call 03/06/26)(b)		25		24,085
4.75%, 06/01/28 (Call 03/01/28)(b)		82		79,097
7.38%, 11/14/32 (Call 08/14/32)(d)		100		108,543
				4,653,341
Commercial Services — 1.1%
ADT Security Corp. (The)
4.13%, 08/01/29 (Call 08/01/28)(b)		55		49,968
4.88%, 07/15/32(b)		40		36,162
Alta Equipment Group Inc., 9.00%, 06/01/29
(Call 06/01/26)(b)		50		48,360
AMN Healthcare Inc.
4.00%, 04/15/29 (Call 06/11/24)(b)		20		17,727
4.63%, 10/01/27 (Call 07/01/24)(b)		35		33,114

8

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Commercial Services (continued)
APi Group DE Inc.
4.13%, 07/15/29 (Call 07/15/24)(b)	$	21	$	18,829
4.75%, 10/15/29 (Call 10/15/24)(b)		20		18,342
APX Group Inc.
5.75%, 07/15/29 (Call 07/15/24)(b)		50		47,497
6.75%, 02/15/27 (Call 07/01/24)(b)		35		34,840
Ashtead Capital Inc.
1.50%, 08/12/26 (Call 07/12/26)(b)		30		27,312
2.45%, 08/12/31 (Call 05/12/31)(b)		40		32,234
4.00%, 05/01/28 (Call 06/11/24)(b)		30		28,140
5.80%, 04/15/34 (Call 01/15/34)(b)		5		4,969
5.95%, 10/15/33 (Call 07/15/33)(b)		200		200,341
Automatic Data Processing Inc.
1.25%, 09/01/30 (Call 06/01/30)		151		121,150
1.70%, 05/15/28 (Call 03/15/28)		82		72,827
3.38%, 09/15/25 (Call 06/15/25)		90		88,137
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
4.75%, 04/01/28 (Call 06/11/24)(b)(c)		30		27,272
5.38%, 03/01/29 (Call 07/01/24)(b)(c)		35		31,988
5.75%, 07/15/27 (Call 06/11/24)(b)		25		23,957
5.75%, 07/15/27 (Call 07/01/24)(b)		25		23,942
8.00%, 02/15/31 (Call 11/15/26)(b)(c)		30		29,651
Block Financial LLC
2.50%, 07/15/28 (Call 05/15/28)		35		31,136
3.88%, 08/15/30 (Call 05/15/30)		30		27,217
5.25%, 10/01/25 (Call 07/01/25)		40		39,675
Carriage Services Inc., 4.25%, 05/15/29
(Call 07/01/24)(b)		30		26,610
Cintas Corp. No. 2
3.70%, 04/01/27 (Call 01/01/27)		150		144,958
4.00%, 05/01/32 (Call 02/01/32)		10		9,313
Deluxe Corp., 8.00%, 06/01/29 (Call 07/01/24)(b)		30		27,994
Element Fleet Management Corp., 3.85%, 06/15/25
(Call 05/15/25)(b)		52		50,951
ERAC USA Finance LLC
3.30%, 12/01/26 (Call 09/01/26)(b)		135		128,872
3.80%, 11/01/25 (Call 08/01/25)(b)		87		84,949
4.20%, 11/01/46 (Call 05/01/46)(b)		47		38,246
4.50%, 02/15/45 (Call 08/15/44)(b)		65		56,111
4.90%, 05/01/33 (Call 02/01/33)(b)		55		53,214
5.00%, 02/15/29 (Call 01/15/29)(b)		50		49,661
5.20%, 10/30/34 (Call 07/30/34)(b)		120		117,899
5.40%, 05/01/53 (Call 11/01/52)(b)		60		57,775
5.63%, 03/15/42(b)		30		29,905
6.70%, 06/01/34(b)		30		32,765
7.00%, 10/15/37(b)		40		44,774
Gartner Inc.
3.63%, 06/15/29 (Call 07/01/24)(b)		45		40,629
3.75%, 10/01/30 (Call 10/01/25)(b)		60		52,849
4.50%, 07/01/28 (Call 07/01/24)(b)		55		52,373
Global Payments Inc.
1.20%, 03/01/26 (Call 02/01/26)		80		74,232
2.15%, 01/15/27 (Call 12/15/26)		85		78,386
2.90%, 05/15/30 (Call 02/15/30)		70		60,579
2.90%, 11/15/31 (Call 08/15/31)		65		54,160
3.20%, 08/15/29 (Call 05/15/29)		110		98,223
4.80%, 04/01/26 (Call 01/01/26)		45		44,347
5.40%, 08/15/32 (Call 05/15/32)		50		49,057
5.95%, 08/15/52 (Call 02/15/52)		80		77,357
GXO Logistics Inc.
1.65%, 07/15/26 (Call 06/15/26)		80		73,427

	Par
Security		(000)		Value
Commercial Services (continued)
2.65%, 07/15/31 (Call 04/15/31)	$	45	$	36,101
6.25%, 05/06/29 (Call 04/06/29)		40		40,557
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/01/24)(b)		71		69,218
Hertz Corp. (The)
4.63%, 12/01/26 (Call 07/01/24)(b)		30		23,295
5.00%, 12/01/29 (Call 12/01/24)(b)(c)		60		39,586
Korn Ferry, 4.63%, 12/15/27 (Call 07/01/24)(b)		30		28,537
Matthews International Corp., 5.25%, 12/01/25
(Call 07/01/24)(b)		21		20,845
Mobius Merger Sub Inc., 9.00%, 06/01/30
(Call 06/01/26)(b)		30		30,457
Moody’s Corp.
2.00%, 08/19/31 (Call 05/19/31)(c)		45		36,335
3.10%, 11/29/61 (Call 05/29/61)		25		15,290
3.25%, 01/15/28 (Call 10/15/27)		12		11,352
3.25%, 05/20/50 (Call 11/20/49)		30		20,441
3.75%, 02/25/52 (Call 08/25/51)		25		18,683
4.25%, 02/01/29 (Call 11/01/28)		62		60,009
4.88%, 12/17/48 (Call 06/17/48)		34		30,588
5.25%, 07/15/44		45		42,942
PayPal Holdings Inc.
1.65%, 06/01/25 (Call 05/01/25)		79		76,095
2.30%, 06/01/30 (Call 03/01/30)		80		68,490
2.65%, 10/01/26 (Call 08/01/26)		105		99,204
2.85%, 10/01/29 (Call 07/01/29)		124		111,281
3.25%, 06/01/50 (Call 12/01/49)		82		55,744
4.40%, 06/01/32 (Call 03/01/32)		60		57,053
5.05%, 06/01/52 (Call 12/01/51)		45		41,296
5.25%, 06/01/62 (Call 12/01/61)		45		41,153
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)(b)		60		55,074
5.75%, 04/15/26(b)		80		79,453
6.25%, 01/15/28 (Call 07/01/24)(b)		100		98,097
Quanta Services Inc.
2.35%, 01/15/32 (Call 10/15/31)		90		72,720
2.90%, 10/01/30 (Call 07/01/30)		51		44,487
3.05%, 10/01/41 (Call 04/01/41)		40		28,093
RELX Capital Inc.
3.00%, 05/22/30 (Call 02/22/30)		120		106,725
4.00%, 03/18/29 (Call 12/18/28)		65		62,030
RR Donnelley & Sons Co., 8.50%, 04/15/29(b)		26		23,628
S&P Global Inc.
1.25%, 08/15/30 (Call 05/15/30)		44		35,292
2.30%, 08/15/60 (Call 02/15/60)		50		25,726
2.45%, 03/01/27 (Call 02/01/27)		75		69,872
2.50%, 12/01/29 (Call 09/01/29)		25		21,931
2.70%, 03/01/29 (Call 01/01/29)		105		94,606
2.90%, 03/01/32 (Call 12/01/31)		70		60,170
2.95%, 01/22/27 (Call 10/22/26)		27		25,568
3.25%, 12/01/49 (Call 06/01/49)		55		38,642
3.70%, 03/01/52 (Call 09/01/51)		55		41,532
3.90%, 03/01/62 (Call 09/01/61)		30		22,309
4.25%, 05/01/29 (Call 02/01/29)		100		96,633
4.75%, 08/01/28 (Call 05/01/28)		70		69,321
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)		45		38,630
4.00%, 05/15/31 (Call 05/15/26)		45		39,320
4.63%, 12/15/27 (Call 07/01/24)		30		28,679
5.13%, 06/01/29 (Call 07/01/24)		45		43,358
7.50%, 04/01/27		15		15,440

 9

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Commercial Services (continued)
Sodexo Inc.
1.63%, 04/16/26 (Call 03/16/26)(b)	$	165	$	153,180
2.72%, 04/16/31 (Call 01/16/31)(b)		10		8,433
Sotheby’s, 7.38%, 10/15/27 (Call 06/11/24)(b)		45		39,151
Sotheby’s/Bidfair Holdings Inc., 5.88%, 06/01/29
(Call 07/01/24)(b)		20		15,696
Transurban Finance Co. Pty. Ltd.
2.45%, 03/16/31 (Call 12/16/30)(b)		47		39,001
3.38%, 03/22/27 (Call 12/22/26)(b)		55		51,997
4.13%, 02/02/26 (Call 11/02/25)(b)		47		45,805
TriNet Group Inc.
3.50%, 03/01/29 (Call 07/01/24)(b)		30		26,478
7.13%, 08/15/31 (Call 08/15/26)(b)		25		25,239
Triton Container International Ltd.
2.05%, 04/15/26 (Call 03/15/26)(b)		57		52,830
3.15%, 06/15/31 (Call 03/15/31)(b)		55		45,421
Triton Container International Ltd./TAL International Container Corp., 3.25%, 03/15/32 (Call 12/15/31)		35		28,313
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)		45		38,484
3.88%, 11/15/27 (Call 06/11/24)		46		43,272
3.88%, 02/15/31 (Call 08/15/25)		70		61,575
4.00%, 07/15/30 (Call 07/15/25)		40		35,837
4.88%, 01/15/28 (Call 06/11/24)		95		91,489
5.25%, 01/15/30 (Call 01/15/25)		45		43,201
5.50%, 05/15/27 (Call 07/01/24)		34		33,580
6.13%, 03/15/34 (Call 03/15/29)(b)		110		107,890
Valvoline Inc., 3.63%, 06/15/31 (Call 06/15/26)(b)		30		25,348
Verisk Analytics Inc.
3.63%, 05/15/50 (Call 11/15/49)		40		28,248
4.00%, 06/15/25 (Call 03/15/25)		80		78,582
4.13%, 03/15/29 (Call 12/15/28)		55		52,423
5.50%, 06/15/45 (Call 12/15/44)		17		16,359
5.75%, 04/01/33 (Call 01/01/33)		5		5,104
Williams Scotsman Inc.
4.63%, 08/15/28 (Call 07/01/24)(b)		30		28,068
6.13%, 06/15/25 (Call 06/17/24)(b)		33		32,922
7.38%, 10/01/31 (Call 10/01/26)(b)		30		30,784
WW International Inc., 4.50%, 04/15/29
(Call 07/01/24)(b)		30		12,587
ZipRecruiter Inc., 5.00%, 01/15/30 (Call 01/15/25)(b)		30		26,018
				6,559,606
Computers — 0.3%
ASGN Inc., 4.63%, 05/15/28 (Call 07/01/24)(b)		35		32,920
Booz Allen Hamilton Inc.
3.88%, 09/01/28 (Call 07/01/24)(b)		55		51,605
4.00%, 07/01/29 (Call 07/01/24)(b)		35		32,641
CGI Inc.
1.45%, 09/14/26 (Call 08/14/26)		80		73,180
2.30%, 09/14/31 (Call 06/14/31)		50		39,527
Crane NXT Co., 4.20%, 03/15/48 (Call 09/15/47)		20		14,808
Crowdstrike Holdings Inc., 3.00%, 02/15/29
(Call 06/11/24)		40		35,501
DXC Technology Co.
1.80%, 09/15/26 (Call 08/15/26)		40		36,466
2.38%, 09/15/28 (Call 07/15/28)		55		47,063
Fortinet Inc.
1.00%, 03/15/26 (Call 02/15/26)		42		38,729
2.20%, 03/15/31 (Call 12/15/30)		42		34,412
Hewlett Packard Enterprise Co.
1.75%, 04/01/26 (Call 03/01/26)		110		102,981

	Par
Security		(000)		Value
Computers (continued)
4.90%, 10/15/25 (Call 07/15/25)	$	104	$	103,265
6.20%, 10/15/35 (Call 04/15/35)		50		52,786
6.35%, 10/15/45 (Call 04/15/45)		65		68,917
Kyndryl Holdings Inc.
2.05%, 10/15/26 (Call 09/15/26)		40		36,854
4.10%, 10/15/41 (Call 04/15/41)		35		26,880
NCR Voyix Corp.
5.00%, 10/01/28 (Call 07/01/24)(b)		35		32,753
5.13%, 04/15/29 (Call 07/01/24)(b)		70		65,056
5.25%, 10/01/30 (Call 10/01/25)(b)		27		24,506
NetApp Inc.
1.88%, 06/22/25 (Call 05/22/25)		61		58,625
2.70%, 06/22/30 (Call 03/22/30)		77		66,463
Seagate HDD Cayman
4.09%, 06/01/29 (Call 03/01/29)		30		27,443
4.13%, 01/15/31 (Call 10/15/30)		15		13,105
4.88%, 06/01/27 (Call 03/01/27)		30		29,092
5.75%, 12/01/34 (Call 06/01/34)		30		28,439
8.25%, 12/15/29 (Call 07/15/26)(b)		30		32,124
8.50%, 07/15/31 (Call 07/15/26)(b)		30		32,010
9.63%, 12/01/32 (Call 12/01/27)		46		52,344
Teledyne FLIR LLC, 2.50%, 08/01/30 (Call 05/01/30)		57		48,091
Unisys Corp., 6.88%, 11/01/27 (Call 07/01/24)(b)		30		26,207
Virtusa Corp., 7.13%, 12/15/28 (Call 07/01/24)(b)		21		19,098
Western Digital Corp.
2.85%, 02/01/29 (Call 12/01/28)		55		47,442
3.10%, 02/01/32 (Call 11/01/31)		50		40,585
4.75%, 02/15/26 (Call 11/15/25)		130		127,173
				1,599,091
Cosmetics & Personal Care — 0.2%
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 06/11/24)(b)		30		27,367
5.50%, 06/01/28 (Call 07/01/24)(b)		45		43,803
Estee Lauder Companies Inc. (The)
1.95%, 03/15/31 (Call 12/15/30)		25		20,435
2.38%, 12/01/29 (Call 09/01/29)		64		55,804
2.60%, 04/15/30 (Call 01/15/30)		95		82,925
3.13%, 12/01/49 (Call 06/01/49)		25		16,651
3.15%, 03/15/27 (Call 12/15/26)		68		64,828
4.15%, 03/15/47 (Call 09/15/46)		35		28,403
4.38%, 06/15/45 (Call 12/15/44)		45		38,239
5.00%, 02/14/34 (Call 11/14/33)		50		48,813
5.15%, 05/15/53 (Call 11/15/52)		40		37,694
6.00%, 05/15/37		15		15,769
Kenvue Inc.
4.90%, 03/22/33 (Call 12/22/32)		70		68,867
5.05%, 03/22/28 (Call 02/22/28)		210		210,586
5.05%, 03/22/53 (Call 09/22/52)		210		197,150
5.20%, 03/22/63 (Call 09/22/62)		40		37,589
				994,923
Distribution & Wholesale — 0.1%
Ferguson Finance PLC
3.25%, 06/02/30 (Call 03/02/30)(b)		30		26,735
4.50%, 10/24/28 (Call 07/24/28)(b)		50		48,495
4.65%, 04/20/32 (Call 01/20/32)(b)		55		51,809
H&E Equipment Services Inc., 3.88%, 12/15/28
(Call 07/01/24)(b)		75		67,144
LKQ Corp.
5.75%, 06/15/28 (Call 05/15/28)		50		50,486
6.25%, 06/15/33 (Call 03/15/33)		40		41,114

10

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Distribution & Wholesale (continued)
Openlane Inc., 5.13%, 06/01/25 (Call 07/01/24)(b)	$	12	$	11,847
Resideo Funding Inc., 4.00%, 09/01/29
(Call 09/01/24)(b)		20		17,788
Ritchie Bros Holdings Inc.
6.75%, 03/15/28 (Call 03/15/25)(b)		30		30,335
7.75%, 03/15/31 (Call 03/15/26)(b)		50		52,262
WW Grainger Inc.
3.75%, 05/15/46 (Call 11/15/45)		55		42,717
4.20%, 05/15/47 (Call 11/15/46)		35		29,101
4.60%, 06/15/45 (Call 12/15/44)		42		37,560
				507,393
Diversified Financial Services — 2.6%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust
2.45%, 10/29/26 (Call 09/29/26)		150		139,559
3.00%, 10/29/28 (Call 08/29/28)		175		158,089
3.30%, 01/30/32 (Call 10/30/31)		370		315,159
3.40%, 10/29/33 (Call 07/29/33)		175		145,676
3.65%, 07/21/27 (Call 04/21/27)		150		141,800
3.85%, 10/29/41 (Call 04/29/41)		150		116,905
3.88%, 01/23/28 (Call 10/23/27)		175		164,981
4.45%, 10/01/25 (Call 08/01/25)		210		206,789
5.10%, 01/19/29 (Call 12/19/28)		150		147,836
5.75%, 06/06/28 (Call 05/06/28)		150		151,215
Affiliated Managers Group Inc.
3.30%, 06/15/30 (Call 03/15/30)		55		48,671
3.50%, 08/01/25		35		34,154
Air Lease Corp.
1.88%, 08/15/26 (Call 07/15/26)		120		110,807
2.10%, 09/01/28 (Call 07/01/28)		45		39,316
2.88%, 01/15/26 (Call 12/15/25)		150		143,396
2.88%, 01/15/32 (Call 10/15/31)		65		54,245
3.00%, 02/01/30 (Call 11/01/29)		70		61,664
3.13%, 12/01/30 (Call 09/01/30)		45		39,139
3.38%, 07/01/25 (Call 06/01/25)		80		78,038
3.75%, 06/01/26 (Call 04/01/26)		40		38,575
4.63%, 10/01/28 (Call 07/01/28)		50		48,365
5.10%, 03/01/29 (Call 02/01/29)		5		4,931
Aircastle Ltd.
2.85%, 01/26/28 (Call 11/26/27)(b)		70		62,993
6.50%, 07/18/28 (Call 06/18/28)(b)		20		20,349
Ally Financial Inc.
2.20%, 11/02/28 (Call 09/02/28)		65		56,079
4.75%, 06/09/27 (Call 05/09/27)		40		38,834
5.75%, 11/20/25 (Call 10/21/25)		60		59,710
6.70%, 02/14/33 (Call 11/16/32)		30		30,004
6.85%, 01/03/30 (Call 01/03/29),
(1-day SOFR + 2.282%)(a)		10		10,263
8.00%, 11/01/31		240		262,846
American Express Co.
1.65%, 11/04/26 (Call 10/04/26)		95		87,150
2.55%, 03/04/27 (Call 02/01/27)		175		163,072
3.13%, 05/20/26 (Call 04/20/26)		125		119,927
3.30%, 05/03/27 (Call 04/03/27)		154		146,409
4.05%, 05/03/29 (Call 03/03/29)		150		143,801
4.05%, 12/03/42		160		134,456
4.20%, 11/06/25 (Call 10/06/25)		155		152,632
4.42%, 08/03/33 (Call 08/03/32),
(1-day SOFR + 1.760%)(a)		135		126,940
4.99%, 05/26/33 (Call 02/26/32),
(1-day SOFR + 2.255%)(a)		65		62,477

	Par
Security		(000)		Value
Diversified Financial Services (continued)
5.04%, 05/01/34 (Call 05/01/33),
(1-day SOFR + 1.835%)(a)	$	110	$	107,524
5.28%, 07/27/29 (Call 07/27/28),
(1-day SOFR + 1.280%)(a)		175		174,862
5.65%, 04/23/27 (Call 04/23/26),
(1-day SOFR +0.750%)(a)		150		150,552
American Express Credit Corp., 3.30%, 05/03/27
(Call 04/03/27)		30		28,703
Ameriprise Financial Inc.
2.88%, 09/15/26 (Call 06/15/26)		90		85,382
4.50%, 05/13/32 (Call 02/13/32)		50		47,820
5.15%, 05/15/33 (Call 02/15/33)		50		49,836
5.70%, 12/15/28 (Call 11/15/28)		35		35,758
Apollo Global Management Inc.
5.80%, 05/21/54 (Call 11/21/53)		50		49,433
6.38%, 11/15/33 (Call 08/15/33)		35		37,180
Aviation Capital Group LLC
1.95%, 01/30/26 (Call 12/30/25)(b)		55		51,620
1.95%, 09/20/26 (Call 08/20/26)(b)		55		50,469
3.50%, 11/01/27 (Call 07/01/27)(b)		80		74,701
4.13%, 08/01/25 (Call 06/01/25)(b)		80		78,298
4.88%, 10/01/25 (Call 07/01/25)(b)		71		69,884
6.75%, 10/25/28 (Call 09/25/28)(b)		15		15,586
Avolon Holdings Funding Ltd.
2.13%, 02/21/26 (Call 01/21/26)(b)		105		98,275
2.53%, 11/18/27 (Call 10/18/27)(b)		150		133,960
3.25%, 02/15/27 (Call 12/15/26)(b)		5		4,655
4.25%, 04/15/26 (Call 03/15/26)(b)		70		67,800
5.75%, 03/01/29 (Call 02/01/29)(b)		70		69,436
6.38%, 05/04/28 (Call 04/04/28)(b)		205		207,627
BOC Aviation Ltd., 1.75%, 01/21/26 (Call 12/21/25)(d)		200		188,259
Bread Financial Holdings Inc., 9.75%, 03/15/29
(Call 03/15/26)(b)		55		57,625
Burford Capital Global Finance LLC, 9.25%, 07/01/31
(Call 07/01/26)(b)		45		47,317
Capital One Financial Corp.
1.88%, 11/02/27 (Call 11/02/26),
(1-day SOFR + 0.855%)(a)		45		41,123
2.36%, 07/29/32 (Call 07/29/31),
(1-day SOFR + 1.337%)(a)		110		85,710
3.27%, 03/01/30 (Call 03/01/29),
(1-day SOFR + 1.790%)(a)		115		103,331
3.75%, 07/28/26 (Call 06/28/26)		35		33,751
3.80%, 01/31/28 (Call 12/31/27)		115		108,980
4.93%, 05/10/28 (Call 05/10/27),
(1-day SOFR + 2.057%)(a)		130		127,886
4.99%, 07/24/26 (Call 07/24/25),
(1-day SOFR + 2.160%)(a)		210		208,119
5.27%, 05/10/33 (Call 05/10/32),
(1-day SOFR + 2.370%)(a)		130		125,087
5.47%, 02/01/29 (Call 02/01/28),
(1-day SOFR + 2.080%)(a)		45		44,633
5.70%, 02/01/30 (Call 02/01/29),
(1-day SOFR + 1.905%)(a)		65		64,935
5.82%, 02/01/34 (Call 02/01/33),
(1-day SOFR + 2.600%)(a)		45		44,389
6.05%, 02/01/35 (Call 02/01/34),
(1-day SOFR + 2.260%)(a)		25		25,102
6.31%, 06/08/29 (Call 06/08/28),
(1-day SOFR + 2.640%)(a)		90		91,828

 11

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Diversified Financial Services (continued)
6.38%, 06/08/34 (Call 06/08/33),
(1-day SOFR + 2.860%)(a)	$	135	$	138,296
7.15%, 10/29/27 (Call 10/29/26),
(1-day SOFR + 2.440%)(a)		85		87,865
7.62%, 10/30/31 (Call 10/30/30),
(1-day SOFR + 3.070%)(a)		60		65,611
Cboe Global Markets Inc.
1.63%, 12/15/30 (Call 09/15/30)		5		4,039
3.00%, 03/16/32 (Call 12/16/31)		15		12,842
3.65%, 01/12/27 (Call 10/12/26)		65		62,743
CCBL Cayman 1 Corp. Ltd., 1.60%, 09/15/26
(Call 08/15/26)(d)		200		183,237
Charles Schwab Corp. (The)
0.90%, 03/11/26 (Call 02/11/26)		30		27,748
1.15%, 05/13/26 (Call 04/13/26)		70		64,685
1.65%, 03/11/31 (Call 12/11/30)		100		79,717
1.95%, 12/01/31 (Call 09/01/31)		65		51,803
2.00%, 03/20/28 (Call 01/20/28)		100		89,352
2.30%, 05/13/31 (Call 02/13/31)		40		33,368
2.45%, 03/03/27 (Call 02/03/27)		5		4,643
2.75%, 10/01/29 (Call 07/01/29)		65		58,140
2.90%, 03/03/32 (Call 12/03/31)		45		38,230
3.20%, 03/02/27 (Call 12/02/26)		60		56,917
3.20%, 01/25/28 (Call 10/25/27)		100		93,596
3.25%, 05/22/29 (Call 02/22/29)		45		41,230
3.30%, 04/01/27 (Call 01/01/27)		25		23,813
3.45%, 02/13/26 (Call 11/13/25)		40		38,752
4.00%, 02/01/29 (Call 11/01/28)		30		28,744
4.63%, 03/22/30 (Call 12/22/29)(c)		80		78,717
5.85%, 05/19/34 (Call 05/19/33),
(1-day SOFR + 2.500%)(a)		70		71,090
5.88%, 08/24/26 (Call 07/24/26)		50		50,565
6.14%, 08/24/34 (Call 08/24/33),
(1-day SOFR + 2.010%)(a)		105		108,635
6.20%, 11/17/29 (Call 11/17/28),
(1-day SOFR + 1.878%)(a)		100		103,365
CICC Hong Kong Finance 2016 MTN Ltd., 2.00%, 01/26/26(d)		200		189,080
CME Group Inc.
2.65%, 03/15/32 (Call 12/15/31)		10		8,531
3.75%, 06/15/28 (Call 03/15/28)		95		91,607
4.15%, 06/15/48 (Call 12/15/47)		30		25,227
5.30%, 09/15/43 (Call 03/15/43)		50		50,068
Discover Financial Services
4.10%, 02/09/27 (Call 11/09/26)		85		81,631
4.50%, 01/30/26 (Call 11/30/25)		70		68,655
6.70%, 11/29/32 (Call 08/29/32)		35		36,592
7.96%, 11/02/34 (Call 11/02/33),
(1-day SOFR + 3.370%)(a)		65		73,096
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27)		20		19,113
Encore Capital Group Inc.
8.50%, 05/15/30 (Call 05/15/27)(b)		25		25,031
9.25%, 04/01/29 (Call 04/01/26)(b)		30		31,234
Franklin Resources Inc.
1.60%, 10/30/30 (Call 07/30/30)		60		48,263
2.95%, 08/12/51 (Call 02/12/51)		25		15,597
goeasy Ltd.
4.38%, 05/01/26 (Call 06/11/24)(b)		20		19,327
7.63%, 07/01/29 (Call 07/01/26)(b)		25		25,406
9.25%, 12/01/28 (Call 12/01/25)(b)		35		37,074
ICBCIL Finance Co. Ltd., 1.75%, 08/25/25(d)		200		190,531

	Par
Security		(000)		Value
Diversified Financial Services (continued)
Intercontinental Exchange Inc.
1.85%, 09/15/32 (Call 06/15/32)	$	130	$	100,331
2.10%, 06/15/30 (Call 03/15/30)		80		67,334
2.65%, 09/15/40 (Call 03/15/40)		132		92,118
3.00%, 06/15/50 (Call 12/15/49)		75		48,891
3.00%, 09/15/60 (Call 03/15/60)		105		63,259
3.10%, 09/15/27 (Call 06/15/27)		94		88,362
3.75%, 12/01/25 (Call 09/01/25)		85		83,000
3.75%, 09/21/28 (Call 06/21/28)(c)		35		33,240
4.00%, 09/15/27 (Call 08/15/27)		105		101,383
4.25%, 09/21/48 (Call 03/21/48)		67		55,270
4.60%, 03/15/33 (Call 12/15/32)		120		114,174
4.95%, 06/15/52 (Call 12/15/51)		90		82,424
5.20%, 06/15/62 (Call 12/15/61)		70		65,592
5.25%, 06/15/31 (Call 04/15/31)		40		40,122
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(b)		60		55,221
Legg Mason Inc.
4.75%, 03/15/26		75		74,324
5.63%, 01/15/44		34		33,098
LPL Holdings Inc.
4.00%, 03/15/29 (Call 07/01/24)(b)		70		64,843
4.38%, 05/15/31 (Call 05/15/26)(b)		30		27,329
4.63%, 11/15/27 (Call 06/04/24)(b)		50		48,190
6.00%, 05/20/34 (Call 02/20/34)		30		30,082
6.75%, 11/17/28 (Call 10/17/28)		50		52,285
LSEGA Financing PLC
1.38%, 04/06/26 (Call 03/06/26)(b)		30		27,882
2.00%, 04/06/28 (Call 02/06/28)(b)		245		218,075
2.50%, 04/06/31 (Call 01/06/31)(b)		35		29,388
3.20%, 04/06/41 (Call 10/06/40)(b)		20		14,883
Mastercard Inc.
1.90%, 03/15/31 (Call 12/15/30)		37		30,706
2.00%, 11/18/31 (Call 08/18/31)		40		32,726
2.95%, 11/21/26 (Call 08/21/26)		84		80,069
2.95%, 06/01/29 (Call 03/01/29)		104		95,019
2.95%, 03/15/51 (Call 09/15/50)		35		23,265
3.30%, 03/26/27 (Call 01/26/27)		97		92,884
3.35%, 03/26/30 (Call 12/26/29)		79		72,580
3.50%, 02/26/28 (Call 11/26/27)		40		38,144
3.65%, 06/01/49 (Call 12/01/48)		60		45,871
3.80%, 11/21/46 (Call 05/21/46)		44		35,006
3.85%, 03/26/50 (Call 09/26/49)		74		58,440
3.95%, 02/26/48 (Call 08/26/47)		52		42,295
Mirae Asset Securities Co. Ltd., 5.88%, 01/26/27(d)		200		198,932
Mitsubishi HC Capital Inc., 3.97%, 04/13/30
(Call 01/13/30)(b)		10		9,200
Nasdaq Inc.
1.65%, 01/15/31 (Call 10/15/30)		50		39,894
2.50%, 12/21/40 (Call 06/21/40)		55		36,028
3.25%, 04/28/50 (Call 10/28/49)		45		30,029
3.85%, 06/30/26 (Call 03/30/26)		80		77,646
3.95%, 03/07/52 (Call 09/07/51)		100		74,560
5.35%, 06/28/28 (Call 05/28/28)		60		60,305
5.55%, 02/15/34 (Call 11/15/33)		120		119,841
5.65%, 06/28/25		10		10,003
5.95%, 08/15/53 (Call 02/15/53)		5		5,072
6.10%, 06/28/63 (Call 12/28/62)		25		25,643
OneMain Finance Corp.
3.50%, 01/15/27 (Call 07/01/24)		35		32,386
3.88%, 09/15/28 (Call 09/15/24)		35		31,112

12

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Diversified Financial Services (continued)
4.00%, 09/15/30 (Call 09/15/25)	$	50	$	42,500
5.38%, 11/15/29 (Call 05/15/29)		40		37,179
6.63%, 01/15/28 (Call 07/15/27)		45		44,729
7.13%, 03/15/26		90		91,335
7.50%, 05/15/31 (Call 05/15/27)		9		9,005
7.88%, 03/15/30 (Call 12/15/26)		90		91,660
9.00%, 01/15/29 (Call 07/15/25)		55		57,719
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 07/01/24)(b)		40		35,844
5.38%, 10/15/25 (Call 07/01/24)(b)		40		39,664
5.75%, 09/15/31 (Call 09/15/26)(b)		30		27,682
7.13%, 11/15/30 (Call 11/15/26)(b)		50		49,344
7.88%, 12/15/29 (Call 12/15/26)(b)		45		46,075
Pioneer Reward Ltd., 2.00%, 04/09/26(d)		200		188,063
PRA Group Inc.
5.00%, 10/01/29 (Call 10/01/24)(b)		20		16,957
7.38%, 09/01/25 (Call 07/01/24)(b)		20		20,099
8.38%, 02/01/28 (Call 02/01/25)(b)		25		24,887
8.88%, 01/31/30 (Call 06/01/26)(b)		20		19,767
Radian Group Inc., 4.88%, 03/15/27 (Call 09/15/26)		47		45,782
Raymond James Financial Inc.
3.75%, 04/01/51 (Call 10/01/50)		30		22,083
4.65%, 04/01/30 (Call 01/01/30)		50		48,719
4.95%, 07/15/46		60		54,035
Shinhan Card Co. Ltd., 2.50%, 01/27/27(d)		200		184,697
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)		30		27,861
4.20%, 10/29/25 (Call 09/29/25)		30		29,220
State Elite Global Ltd., 1.50%, 09/29/26(d)		200		183,583
Synchrony Financial
2.88%, 10/28/31 (Call 07/28/31)		85		68,314
3.70%, 08/04/26 (Call 05/04/26)		20		18,998
3.95%, 12/01/27 (Call 09/01/27)		100		93,612
4.50%, 07/23/25 (Call 04/23/25)		120		117,785
5.15%, 03/19/29 (Call 12/19/28)		99		94,935
7.25%, 02/02/33 (Call 11/02/32)		45		45,112
Visa Inc.
0.75%, 08/15/27 (Call 06/15/27)		110		97,028
1.10%, 02/15/31 (Call 11/15/30)		110		86,745
1.90%, 04/15/27 (Call 02/15/27)		52		47,884
2.00%, 08/15/50 (Call 02/15/50)		115		63,897
2.05%, 04/15/30 (Call 01/15/30)		87		74,359
2.70%, 04/15/40 (Call 10/15/39)		70		50,760
2.75%, 09/15/27 (Call 06/15/27)		30		28,070
3.15%, 12/14/25 (Call 09/14/25)		150		145,694
3.65%, 09/15/47 (Call 03/15/47)		55		42,661
4.15%, 12/14/35 (Call 06/14/35)		65		60,441
4.30%, 12/14/45 (Call 06/14/45)		200		173,653
Voya Financial Inc.
3.65%, 06/15/26		44		42,406
4.70%, 01/23/48 (Call 01/23/28),
(3-mo. LIBOR US + 2.084%)(a)		40		34,153
4.80%, 06/15/46		30		25,423
5.70%, 07/15/43		35		33,763
Western Union Co. (The)
1.35%, 03/15/26 (Call 02/15/26)		60		55,594
2.75%, 03/15/31 (Call 12/15/30)		30		24,927
6.20%, 11/17/36		35		35,461
				15,997,414

	Par
Security		(000)		Value
Electric — 0.6%
AEP Texas Inc.
3.45%, 05/15/51 (Call 11/15/50)	$	35	$	22,975
3.80%, 10/01/47 (Call 04/01/47)		40		28,450
4.70%, 05/15/32 (Call 02/15/32)		60		56,463
5.40%, 06/01/33 (Call 03/01/33)		35		34,059
5.45%, 05/15/29 (Call 04/15/29)		50		49,967
5.70%, 05/15/34 (Call 02/15/34)		50		49,524
American Transmission Systems Inc.
2.65%, 01/15/32 (Call 10/15/31)(b)		60		49,484
5.00%, 09/01/44 (Call 03/01/44)(b)		45		40,179
Atlantic City Electric Co., 4.00%, 10/15/28
(Call 07/15/28)		55		52,495
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42 (Call 02/01/42)		55		42,212
3.95%, 03/01/48 (Call 09/01/47)		45		35,203
4.50%, 04/01/44 (Call 10/01/43)		35		30,415
4.95%, 04/01/33 (Call 01/01/33)		40		38,929
5.20%, 10/01/28 (Call 09/01/28)		15		15,060
Series AA, 3.00%, 02/01/27 (Call 11/01/26)		10		9,469
Series AC, 4.25%, 02/01/49 (Call 08/01/48)		35		28,617
Series AD, 2.90%, 07/01/50 (Call 01/01/50)		50		31,853
Series AE, 2.35%, 04/01/31 (Call 01/01/31)		65		54,495
Series AF, 3.35%, 04/01/51 (Call 10/01/50)		90		62,562
Series AG, 3.00%, 03/01/32 (Call 12/01/31)		30		25,657
Series ai., 4.45%, 10/01/32 (Call 07/01/32)		10		9,454
Series K2, 6.95%, 03/15/33		15		16,626
Cleveland Electric Illuminating Co. (The), 4.55%, 11/15/30 (Call 08/15/30)(b)		35		32,868
Commonwealth Edison Co.
3.00%, 03/01/50 (Call 09/01/49)		45		28,836
3.70%, 03/01/45 (Call 09/01/44)		5		3,827
4.00%, 03/01/48 (Call 09/01/47)		95		73,873
5.30%, 02/01/53 (Call 08/01/52)		65		61,294
5.65%, 06/01/54 (Call 12/01/53)		30		29,807
5.90%, 03/15/36		200		206,972
Series 130, 3.13%, 03/15/51 (Call 09/15/50)		45		29,313
Series 133, 3.85%, 03/15/52 (Call 09/15/51)		60		44,711
Duke Energy Florida Project Finance LLC, Series 2035, 3.11%, 09/01/38(c)		25		20,599
FirstEnergy Pennsylvania Electric Co., 4.30%, 01/15/29 (Call 10/15/28)(b)		30		28,704
FirstEnergy Transmission LLC
2.87%, 09/15/28 (Call 07/15/28)(b)		40		36,252
4.55%, 04/01/49 (Call 10/01/48)(b)		40		32,719
5.45%, 07/15/44 (Call 01/15/44)(b)		45		42,391
ITC Holdings Corp.
2.95%, 05/14/30 (Call 02/14/30)(b)		56		48,944
3.25%, 06/30/26 (Call 03/30/26)		50		47,794
3.35%, 11/15/27 (Call 08/15/27)		35		32,813
5.30%, 07/01/43 (Call 01/01/43)		25		23,037
5.65%, 05/09/34 (Call 02/09/34)(b)		50		49,894
Jersey Central Power & Light Co.
2.75%, 03/01/32 (Call 12/01/31)(b)		30		24,726
4.30%, 01/15/26 (Call 10/15/25)(b)		10		9,796
Mid-Atlantic Interstate Transmission LLC, 4.10%, 05/15/28 (Call 02/15/28)(b)		50		47,781
National Rural Utilities Cooperative Finance Corp.
1.00%, 06/15/26 (Call 05/15/26)		15		13,789
2.75%, 04/15/32 (Call 01/15/32)		5		4,171
3.40%, 02/07/28 (Call 11/07/27)		60		56,644
3.70%, 03/15/29 (Call 12/15/28)		20		18,748

 13

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Electric (continued)
3.90%, 11/01/28 (Call 08/01/28)	$	20	$	18,965
4.02%, 11/01/32 (Call 05/01/32)		50		45,484
4.30%, 03/15/49 (Call 09/15/48)		31		25,513
4.40%, 11/01/48 (Call 05/01/48)		25		20,658
4.80%, 02/05/27 (Call 01/05/27)		5		4,968
4.80%, 03/15/28 (Call 02/15/28)		135		133,695
5.10%, 05/06/27 (Call 04/06/27)		100		99,858
5.25%, 04/20/46 (Call 04/20/26),
(3-mo. LIBOR US + 3.630%)(a)		60		58,193
5.45%, 10/30/25		150		149,903
5.60%, 11/13/26 (Call 10/13/26)		5		5,036
5.80%, 01/15/33 (Call 07/15/32)		90		92,802
7.13%, 09/15/53 (Call 06/15/28),
(5-year CMT + 3.533%)(a)		50		51,542
Series C, 8.00%, 03/01/32		5		5,772
Ohio Power Co.
4.00%, 06/01/49 (Call 12/01/48)		40		30,387
4.15%, 04/01/48 (Call 10/01/47)		60		46,563
Series P, 2.60%, 04/01/30 (Call 01/01/30)		45		38,863
Series Q, 1.63%, 01/15/31 (Call 10/15/30)		50		39,782
Series R, 2.90%, 10/01/51 (Call 04/01/51)		45		27,719
Oncor Electric Delivery Co. LLC
2.70%, 11/15/51 (Call 05/15/51)		20		11,975
2.75%, 05/15/30 (Call 02/15/30)		115		100,931
3.10%, 09/15/49 (Call 03/15/49)		36		23,961
3.70%, 11/15/28 (Call 08/15/28)		86		81,287
3.70%, 05/15/50 (Call 11/15/49)		35		25,875
3.75%, 04/01/45 (Call 10/01/44)		30		23,322
3.80%, 09/30/47 (Call 03/30/47)		45		34,242
3.80%, 06/01/49 (Call 12/01/48)		70		53,213
4.10%, 11/15/48 (Call 05/15/48)		40		32,189
4.15%, 06/01/32 (Call 03/01/32)		10		9,275
4.55%, 09/15/32 (Call 06/15/32)		55		52,233
4.55%, 12/01/41 (Call 06/01/41)		10		8,879
4.60%, 06/01/52 (Call 12/01/51)		20		17,103
5.25%, 09/30/40		35		33,774
5.35%, 10/01/52 (Call 04/01/52)		30		28,707
5.65%, 11/15/33 (Call 08/15/33)		25		25,557
7.00%, 05/01/32		40		44,152
Potomac Electric Power Co.
4.15%, 03/15/43 (Call 09/15/42)		137		113,393
5.20%, 03/15/34 (Call 12/15/33)		15		14,924
5.50%, 03/15/54 (Call 09/15/53)		5		4,916
PPL Electric Utilities Corp.
3.00%, 10/01/49 (Call 04/01/49)		40		26,528
3.95%, 06/01/47 (Call 12/01/46)		30		23,675
4.13%, 06/15/44 (Call 12/15/43)		25		20,805
4.15%, 06/15/48 (Call 12/15/47)		40		32,509
5.00%, 05/15/33 (Call 02/15/33)		50		49,034
5.25%, 05/15/53 (Call 11/15/52)		45		42,941
6.25%, 05/15/39		25		26,644
Trans-Allegheny Interstate Line Co., 3.85%, 06/01/25
(Call 03/01/25)(b)		10		9,810
				3,702,008
Electrical Components & Equipment — 0.1%
Acuity Brands Lighting Inc., 2.15%, 12/15/30
(Call 09/15/30)		45		36,989
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 07/01/24)(b)		45		39,960
4.75%, 06/15/28 (Call 07/01/24)(b)		35		32,311
6.50%, 12/31/27 (Call 08/31/24)(b)(c)		20		19,826

	Par
Security		(000)		Value
Electrical Components & Equipment (continued)
EnerSys
4.38%, 12/15/27 (Call 09/15/27)(b)	$	20	$	18,866
6.63%, 01/15/32 (Call 01/15/27)(b)		20		20,183
WESCO Distribution Inc.
6.38%, 03/15/29 (Call 03/15/26)(b)		55		55,267
6.63%, 03/15/32 (Call 03/15/27)(b)		50		50,367
7.13%, 06/15/25 (Call 06/15/24)(b)		85		84,990
7.25%, 06/15/28 (Call 07/01/24)(b)		80		81,523
				440,282
Electronics — 0.3%
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)		32		29,296
Allegion U.S. Holding Co. Inc.
3.55%, 10/01/27 (Call 07/01/27)		20		18,901
5.60%, 05/29/34 (Call 02/28/34)		50		49,907
Amphenol Corp.
2.20%, 09/15/31 (Call 06/15/31)		60		49,051
2.80%, 02/15/30 (Call 11/15/29)		95		84,140
4.35%, 06/01/29 (Call 03/01/29)		40		38,652
Arrow Electronics Inc., 3.88%, 01/12/28
(Call 10/12/27)		5		4,742
Atkore Inc., 4.25%, 06/01/31 (Call 06/01/26)(b)		30		26,509
Avnet Inc.
3.00%, 05/15/31 (Call 02/15/31)		55		45,293
4.63%, 04/15/26 (Call 01/15/26)		60		58,829
Coherent Corp., 5.00%, 12/15/29 (Call 12/14/24)(b)		60		56,105
Flex Ltd.
3.75%, 02/01/26 (Call 01/01/26)		55		53,224
4.88%, 06/15/29 (Call 03/15/29)		41		39,668
4.88%, 05/12/30 (Call 02/12/30)		55		52,974
Fortive Corp., 4.30%, 06/15/46 (Call 12/15/45)		42		34,746
Hubbell Inc.
2.30%, 03/15/31 (Call 12/15/30)		7		5,796
3.15%, 08/15/27 (Call 05/15/27)		35		32,861
3.35%, 03/01/26 (Call 12/01/25)		20		19,324
3.50%, 02/15/28 (Call 11/15/27)		27		25,488
Jabil Inc.
1.70%, 04/15/26 (Call 03/15/26)		77		71,541
3.00%, 01/15/31 (Call 10/15/30)		40		33,935
3.60%, 01/15/30 (Call 10/15/29)		50		44,792
3.95%, 01/12/28 (Call 10/12/27)		32		30,231
Keysight Technologies Inc.
3.00%, 10/30/29 (Call 07/30/29)		67		59,569
4.60%, 04/06/27 (Call 01/06/27)		65		63,696
Sensata Technologies BV
4.00%, 04/15/29 (Call 07/01/24)(b)		60		54,584
5.00%, 10/01/25(b)		46		46,379
5.88%, 09/01/30 (Call 09/01/25)(b)		30		29,172
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)(b)		45		38,818
4.38%, 02/15/30 (Call 11/15/29)(b)		25		22,835
6.63%, 07/15/32 (Call 07/15/27)(b)		25		25,083
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28)		72		70,666
TTM Technologies Inc., 4.00%, 03/01/29
(Call 07/01/24)(b)		30		27,180
Tyco Electronics Group SA
3.13%, 08/15/27 (Call 05/15/27)		65		61,212
7.13%, 10/01/37		20		22,793
Vontier Corp.
1.80%, 04/01/26 (Call 03/01/26)		69		64,118
2.40%, 04/01/28 (Call 02/01/28)		50		43,974

14

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Electronics (continued)
2.95%, 04/01/31 (Call 01/01/31)	$	43	$	35,453
				1,571,537
Energy - Alternate Sources — 0.0%
Contemporary Ruiding Development Ltd., 1.88%,
09/17/25 (Call 08/17/25)(d)		200		190,719
Engineering & Construction — 0.1%
AECOM, 5.13%, 03/15/27 (Call 12/15/26)		55		53,499
Arcosa Inc., 4.38%, 04/15/29 (Call 07/01/24)(b)		25		23,166
Cellnex Finance Co. SA, 3.88%, 07/07/41
(Call 04/07/41)(b)		35		27,214
Dycom Industries Inc., 4.50%, 04/15/29
(Call 07/01/24)(b)		30		27,871
Great Lakes Dredge & Dock Corp., 5.25%, 06/01/29
(Call 06/11/24)(b)(c)		20		17,706
INNOVATE Corp., 8.50%, 02/01/26 (Call 06/11/24)(b)		20		15,081
Jacobs Engineering Group Inc., 6.35%, 08/18/28
(Call 07/18/28)		5		5,128
Sydney Airport Finance Co. Pty. Ltd., 3.63%, 04/28/26
(Call 01/28/26)(b)		95		91,494
TopBuild Corp.
3.63%, 03/15/29 (Call 07/01/24)(b)		25		22,519
4.13%, 02/15/32 (Call 10/15/26)(b)		30		26,180
VM Consolidated Inc., 5.50%, 04/15/29
(Call 07/01/24)(b)		27		25,758
				335,616
Entertainment — 0.3%
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)		30		28,283
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 07/01/24)		30		29,455
6.50%, 10/01/28 (Call 06/17/24)		15		14,945
Cinemark USA Inc.
5.25%, 07/15/28 (Call 07/15/24)(b)(c)		45		42,043
5.88%, 03/15/26 (Call 07/01/24)(b)		25		24,660
Lions Gate Capital Holdings 1 Inc., 5.50%, 04/15/29
(Call 04/15/25)(b)		40		36,100
Merlin Entertainments Group U.S. Holdings Inc.,
7.38%, 02/15/31 (Call 02/15/27)(b)		25		25,354
Merlin Entertainments Ltd., 5.75%, 06/15/26
(Call 03/17/26)(b)		25		24,695
Motion Bondco DAC, 6.63%, 11/15/27
(Call 07/01/24)(b)		25		24,305
SeaWorld Parks & Entertainment Inc., 5.25%, 08/15/29 (Call 08/15/24)(b)		40		37,391
Six Flags Entertainment Corp.
5.50%, 04/15/27 (Call 07/01/24)(b)		30		29,414
7.25%, 05/15/31 (Call 05/15/26)(b)		50		50,105
Six Flags Entertainment Corp./Six Flags Theme Parks Inc., 6.63%, 05/01/32 (Call 05/01/27)(b)		50		50,044
Six Flags Theme Parks Inc., 7.00%, 07/01/25
(Call 07/01/24)(b)		25		25,050
Vail Resorts Inc., 6.50%, 05/15/32 (Call 05/15/27)(b)		35		35,258
Warnermedia Holdings Inc.
3.76%, 03/15/27 (Call 02/15/27)		305		289,273
4.05%, 03/15/29 (Call 01/15/29)		140		128,985
4.28%, 03/15/32 (Call 12/15/31)		240		210,074
5.05%, 03/15/42 (Call 09/15/41)		270		223,162
5.14%, 03/15/52 (Call 09/15/51)		405		319,587
5.39%, 03/15/62 (Call 09/15/61)		115		90,475

	Par
Security		(000)		Value
Entertainment (continued)
WMG Acquisition Corp.
3.00%, 02/15/31 (Call 02/15/26)(b)(c)	$	50	$	42,426
3.75%, 12/01/29 (Call 12/01/24)(b)		30		26,562
3.88%, 07/15/30 (Call 07/15/25)(b)		35		30,941
				1,838,587
Environmental Control — 0.2%
Republic Services Inc.
0.88%, 11/15/25 (Call 10/15/25)		12		11,253
1.45%, 02/15/31 (Call 11/15/30)		60		47,388
1.75%, 02/15/32 (Call 11/15/31)		102		79,738
2.30%, 03/01/30 (Call 12/01/29)		84		72,211
2.38%, 03/15/33 (Call 12/15/32)		40		31,788
2.90%, 07/01/26 (Call 04/01/26)		90		86,218
3.05%, 03/01/50 (Call 09/01/49)		35		23,353
3.38%, 11/15/27 (Call 08/15/27)		78		73,860
3.95%, 05/15/28 (Call 02/15/28)		33		31,643
5.00%, 04/01/34 (Call 01/01/34)		100		97,574
5.70%, 05/15/41 (Call 11/15/40)		10		10,061
6.20%, 03/01/40		45		47,986
Reworld Holding Corp.
4.88%, 12/01/29 (Call 12/01/24)(b)		45		41,046
5.00%, 09/01/30 (Call 09/01/25)		25		22,495
Veralto Corp.
5.35%, 09/18/28 (Call 08/18/28)(b)		20		20,034
5.45%, 09/18/33 (Call 06/18/33)(b)		40		39,622
Waste Connections Inc.
2.20%, 01/15/32 (Call 10/15/31)		50		40,402
2.60%, 02/01/30 (Call 11/01/29)		70		61,373
2.95%, 01/15/52 (Call 07/15/51)		50		31,906
3.05%, 04/01/50 (Call 10/01/49)		35		23,026
3.50%, 05/01/29 (Call 02/01/29)		55		51,180
4.20%, 01/15/33 (Call 10/15/32)		70		64,763
4.25%, 12/01/28 (Call 09/01/28)		35		33,834
5.00%, 03/01/34 (Call 12/01/33)		5		4,866
Waste Management Inc.
0.75%, 11/15/25 (Call 10/15/25)		52		48,737
1.15%, 03/15/28 (Call 01/15/28)		105		91,284
1.50%, 03/15/31 (Call 12/15/30)		52		41,508
2.50%, 11/15/50 (Call 05/15/50)		22		13,069
3.15%, 11/15/27 (Call 08/15/27)		59		55,588
4.10%, 03/01/45 (Call 09/01/44)		65		54,482
4.15%, 04/15/32 (Call 01/15/32)		60		56,362
4.15%, 07/15/49 (Call 01/15/49)		35		28,742
4.88%, 02/15/34 (Call 11/15/33)		95		92,680
				1,530,072
Food — 0.6%
B&G Foods Inc.
5.25%, 09/15/27 (Call 07/01/24)(c)		35		32,148
8.00%, 09/15/28 (Call 09/15/25)(b)		30		30,464
Campbell Soup Co.
2.38%, 04/24/30 (Call 01/24/30)		70		59,659
4.15%, 03/15/28 (Call 12/15/27)		85		81,916
4.80%, 03/15/48 (Call 09/15/47)		70		60,904
5.20%, 03/21/29 (Call 02/21/29)		50		49,726
5.40%, 03/21/34 (Call 12/21/33)		50		49,476
Cencosud SA, 4.38%, 07/17/27 (Call 04/17/27)(d)		200		190,955
China Mengniu Dairy Co. Ltd., 2.50%, 06/17/30
(Call 03/17/30)(d)		200		170,236
Conagra Brands Inc.
1.38%, 11/01/27 (Call 09/01/27)		85		74,367

 15

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Food (continued)
4.60%, 11/01/25 (Call 09/01/25)	$	125	$	123,387
4.85%, 11/01/28 (Call 08/01/28)		116		113,445
5.30%, 11/01/38 (Call 05/01/38)		83		77,511
5.40%, 11/01/48 (Call 05/01/48)		50		45,826
8.25%, 09/15/30		45		51,390
Flowers Foods Inc.
2.40%, 03/15/31 (Call 12/15/30)		35		28,876
3.50%, 10/01/26 (Call 07/01/26)		15		14,329
General Mills Inc.
2.25%, 10/14/31 (Call 07/14/31)		60		49,197
2.88%, 04/15/30 (Call 01/15/30)		75		66,354
3.00%, 02/01/51 (Call 08/01/50)		55		34,841
3.20%, 02/10/27 (Call 11/10/26)		85		80,745
4.15%, 02/15/43 (Call 08/15/42)		5		4,183
4.20%, 04/17/28 (Call 01/17/28)		101		97,620
4.70%, 01/30/27 (Call 12/20/26)		50		49,332
4.70%, 04/17/48 (Call 10/17/47)		35		30,720
4.95%, 03/29/33 (Call 12/29/32)		50		48,564
5.40%, 06/15/40		32		31,196
Hormel Foods Corp.
1.70%, 06/03/28 (Call 04/03/28)		45		39,739
1.80%, 06/11/30 (Call 03/11/30)		75		62,492
3.05%, 06/03/51 (Call 12/03/50)		70		45,650
4.80%, 03/30/27 (Call 02/28/27)		50		49,727
Ingredion Inc.
2.90%, 06/01/30 (Call 03/01/30)		60		52,393
3.20%, 10/01/26 (Call 07/01/26)		52		49,438
3.90%, 06/01/50 (Call 12/01/49)		25		18,285
J.M. Smucker Co. (The)
2.13%, 03/15/32 (Call 12/15/31)		25		19,917
2.38%, 03/15/30 (Call 12/15/29)		60		51,517
2.75%, 09/15/41 (Call 03/15/41)		10		6,598
3.38%, 12/15/27 (Call 09/15/27)		35		32,998
3.55%, 03/15/50 (Call 09/15/49)		20		13,675
4.25%, 03/15/35		60		53,351
4.38%, 03/15/45		45		37,512
5.90%, 11/15/28 (Call 10/15/28)		55		56,469
6.20%, 11/15/33 (Call 08/15/33)		60		62,698
6.50%, 11/15/53 (Call 05/15/53)		65		69,606
Kellanova
3.25%, 04/01/26		105		101,126
4.30%, 05/15/28 (Call 02/15/28)		70		68,026
Series B, 7.45%, 04/01/31		50		55,845
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)(b)		55		49,527
4.38%, 01/31/32 (Call 01/31/27)(b)		40		35,326
4.88%, 05/15/28 (Call 11/15/27)(b)(c)		30		28,855
McCormick & Co. Inc./MD
0.90%, 02/15/26 (Call 01/15/26)		45		41,734
1.85%, 02/15/31 (Call 11/15/30)		25		20,180
2.50%, 04/15/30 (Call 01/15/30)		60		51,597
3.40%, 08/15/27 (Call 05/15/27)		85		80,536
4.20%, 08/15/47 (Call 02/15/47)		27		22,065
Post Holdings Inc.
4.50%, 09/15/31 (Call 09/15/26)(b)		65		57,704
4.63%, 04/15/30 (Call 04/15/25)(b)		105		95,265
5.50%, 12/15/29 (Call 12/15/24)(b)		70		66,753
5.63%, 01/15/28 (Call 06/17/24)(b)		50		48,831
6.25%, 02/15/32 (Call 02/15/27)(b)		60		59,716
Smithfield Foods Inc.
2.63%, 09/13/31 (Call 06/13/31)(b)		65		51,554

	Par
Security		(000)		Value
Food (continued)
3.00%, 10/15/30 (Call 07/15/30)(b)	$	20	$	16,850
4.25%, 02/01/27 (Call 11/01/26)(b)		115		110,178
5.20%, 04/01/29 (Call 01/01/29)(b)		10		9,620
TreeHouse Foods Inc., 4.00%, 09/01/28
(Call 06/17/24)(c)		27		24,012
U.S. Foods Inc.
4.63%, 06/01/30 (Call 06/01/25)(b)		30		27,526
4.75%, 02/15/29 (Call 07/01/24)(b)		55		51,648
6.88%, 09/15/28 (Call 09/15/25)(b)		30		30,551
7.25%, 01/15/32 (Call 09/15/26)(b)		30		30,943
United Natural Foods Inc., 6.75%, 10/15/28
(Call 07/01/24)(b)		30		24,771
				3,730,171
Food Service — 0.0%
Aramark Services Inc., 5.00%, 02/01/28
(Call 07/01/24)(b)		65		62,189
Forest Products & Paper — 0.1%
Domtar Corp., 6.75%, 10/01/28 (Call 10/01/24)(b)		40		36,102
Glatfelter Corp., 4.75%, 11/15/29 (Call 11/01/24)(b)(c)		30		24,364
International Paper Co.
4.35%, 08/15/48 (Call 02/15/48)		54		43,706
4.40%, 08/15/47 (Call 02/15/47)		44		35,713
4.80%, 06/15/44 (Call 12/15/43)		33		28,739
5.00%, 09/15/35 (Call 03/15/35)		30		28,397
5.15%, 05/15/46 (Call 11/15/45)		30		26,907
6.00%, 11/15/41 (Call 05/15/41)		55		54,207
Inversiones CMPC SA, 6.13%, 06/23/33
(Call 03/23/33)(d)		200		201,174
Mercer International Inc.
5.13%, 02/01/29 (Call 06/11/24)		50		43,824
5.50%, 01/15/26 (Call 06/11/24)		16		15,533
12.88%, 10/01/28 (Call 10/01/25)(b)		15		16,275
				554,941
Hand & Machine Tools — 0.1%
Regal Rexnord Corp.
6.05%, 04/15/28 (Call 03/15/28)		70		70,919
6.30%, 02/15/30 (Call 12/15/29)		105		107,488
6.40%, 04/15/33 (Call 01/15/33)		80		82,345
Snap-on Inc.
3.10%, 05/01/50 (Call 11/01/49)		35		23,934
3.25%, 03/01/27 (Call 12/01/26)		7		6,703
4.10%, 03/01/48 (Call 09/01/47)		25		20,421
Stanley Black & Decker Inc.
2.30%, 03/15/30 (Call 12/15/29)		85		71,753
2.75%, 11/15/50 (Call 05/15/50)		65		37,061
3.00%, 05/15/32 (Call 02/15/32)		35		29,522
3.40%, 03/01/26 (Call 01/01/26)		37		35,732
4.25%, 11/15/28 (Call 08/15/28)		20		19,218
4.85%, 11/15/48 (Call 05/15/48)		30		25,557
5.20%, 09/01/40		21		19,703
				550,356
Health Care - Products — 0.4%
Agilent Technologies Inc.
2.10%, 06/04/30 (Call 03/04/30)		55		46,052
2.30%, 03/12/31 (Call 12/12/30)		85		70,463
2.75%, 09/15/29 (Call 06/15/29)		50		44,413
3.05%, 09/22/26 (Call 06/22/26)		50		47,495
Alcon Finance Corp.
2.60%, 05/27/30 (Call 02/27/30)(b)		50		43,124

16

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Health Care - Products (continued)
3.00%, 09/23/29 (Call 06/23/29)(b)	$	70	$	62,956
3.80%, 09/23/49 (Call 03/23/49)(b)		70		52,287
Avantor Funding Inc.
3.88%, 11/01/29 (Call 11/01/24)(b)(c)		50		44,845
4.63%, 07/15/28 (Call 07/01/24)(b)		90		84,787
Danaher Corp.
2.60%, 10/01/50 (Call 04/01/50)		80		48,411
2.80%, 12/10/51 (Call 06/10/51)		45		28,188
3.35%, 09/15/25 (Call 06/15/25)		30		29,304
4.38%, 09/15/45 (Call 03/15/45)		55		47,963
Dentsply Sirona Inc., 3.25%, 06/01/30 (Call 03/01/30)		80		69,744
DH Europe Finance II Sarl
2.60%, 11/15/29 (Call 08/15/29)		65		57,525
3.25%, 11/15/39 (Call 05/15/39)		45		35,391
3.40%, 11/15/49 (Call 05/15/49)		82		59,035
Embecta Corp.
5.00%, 02/15/30 (Call 02/15/27)(b)(c)		30		24,807
6.75%, 02/15/30 (Call 02/15/27)(b)		15		13,118
GE HealthCare Technologies Inc.
5.65%, 11/15/27 (Call 10/15/27)		105		106,232
5.91%, 11/22/32 (Call 08/22/32)		115		118,384
6.38%, 11/22/52 (Call 05/22/52)		115		124,787
Hologic Inc.
3.25%, 02/15/29 (Call 07/01/24)(b)		55		49,131
4.63%, 02/01/28 (Call 07/01/24)(b)		20		19,209
Neogen Food Safety Corp., 8.63%, 07/20/30
(Call 07/20/27)(b)(c)		20		21,420
Revvity Inc.
1.90%, 09/15/28 (Call 07/15/28)		25		21,693
2.25%, 09/15/31 (Call 06/15/31)		50		40,596
2.55%, 03/15/31 (Call 12/15/30)		17		14,161
3.30%, 09/15/29 (Call 06/15/29)		43		38,981
3.63%, 03/15/51 (Call 09/15/50)		33		22,693
Solventum Corp.
5.40%, 03/01/29 (Call 02/01/29)(b)		100		99,373
5.60%, 03/23/34 (Call 12/23/33)(b)		100		98,243
6.00%, 05/15/64 (Call 11/15/63)(b)		30		28,635
STERIS Irish FinCo UnLtd Co., 2.70%, 03/15/31
(Call 12/15/30)		90		75,964
Stryker Corp.
1.95%, 06/15/30 (Call 03/15/30)		155		129,846
3.50%, 03/15/26 (Call 12/15/25)		125		121,249
4.63%, 03/15/46 (Call 09/15/45)		115		101,181
Teleflex Inc.
4.25%, 06/01/28 (Call 07/01/24)(b)		30		28,021
4.63%, 11/15/27 (Call 06/17/24)		30		28,790
Varex Imaging Corp., 7.88%, 10/15/27
(Call 07/01/24)(b)(c)		19		19,273
Zimmer Biomet Holdings Inc.
2.60%, 11/24/31 (Call 08/24/31)		90		74,484
3.05%, 01/15/26 (Call 12/15/25)		100		96,241
				2,388,495
Health Care - Services — 0.9%
Acadia Healthcare Co. Inc.
5.00%, 04/15/29 (Call 07/01/24)(b)		30		28,319
5.50%, 07/01/28 (Call 07/01/24)(b)		30		29,220
AHP Health Partners Inc., 5.75%, 07/15/29
(Call 07/15/24)(b)(c)		20		18,476
Catalent Pharma Solutions Inc.
3.13%, 02/15/29 (Call 07/01/24)(b)		35		33,380
3.50%, 04/01/30 (Call 04/01/25)(b)		40		38,057

	Par
Security		(000)		Value
Health Care - Services (continued)
5.00%, 07/15/27 (Call 07/01/24)(b)	$	30	$	29,342
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 07/01/24)(b)		30		27,178
4.00%, 03/15/31 (Call 03/15/26)(b)		30		26,392
4.25%, 05/01/28 (Call 06/17/24)(b)		30		28,148
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)(b)		90		75,527
4.63%, 06/01/30 (Call 06/01/25)(b)		160		143,364
Elevance Health Inc.
2.25%, 05/15/30 (Call 02/15/30)		125		105,962
2.55%, 03/15/31 (Call 12/15/30)		100		84,500
2.88%, 09/15/29 (Call 06/15/29)		85		75,811
3.13%, 05/15/50 (Call 11/15/49)		90		60,074
3.60%, 03/15/51 (Call 09/15/50)		95		68,121
3.65%, 12/01/27 (Call 09/01/27)		121		115,131
3.70%, 09/15/49 (Call 03/15/49)		20		14,728
4.10%, 03/01/28 (Call 12/01/27)		150		144,558
4.10%, 05/15/32 (Call 02/15/32)		10		9,203
4.38%, 12/01/47 (Call 06/01/47)		95		79,105
4.55%, 03/01/48 (Call 09/01/47)		75		63,346
4.55%, 05/15/52 (Call 11/15/51)		25		20,910
4.63%, 05/15/42		35		30,918
4.65%, 01/15/43		50		44,206
4.65%, 08/15/44 (Call 02/15/44)		5		4,364
4.75%, 02/15/33 (Call 11/15/32)		125		119,913
5.13%, 02/15/53 (Call 08/15/52)		90		82,650
5.38%, 06/15/34 (Call 03/15/34)		100		99,669
6.10%, 10/15/52 (Call 04/15/52)		65		67,928
6.38%, 06/15/37		20		21,249
Encompass Health Corp.
4.50%, 02/01/28 (Call 07/01/24)		47		44,428
4.63%, 04/01/31 (Call 04/01/26)		25		22,588
4.75%, 02/01/30 (Call 02/01/25)		50		46,273
5.75%, 09/15/25 (Call 07/01/24)		20		19,952
Fortrea Holdings Inc., 7.50%, 07/01/30
(Call 07/01/26)(b)(c)		35		35,012
HCA Inc.
2.38%, 07/15/31 (Call 04/15/31)		75		61,185
3.13%, 03/15/27 (Call 02/15/27)		55		51,802
3.38%, 03/15/29 (Call 01/15/29)		60		54,755
3.50%, 09/01/30 (Call 03/01/30)		125		111,873
3.50%, 07/15/51 (Call 01/15/51)		90		60,072
3.63%, 03/15/32 (Call 12/15/31)		95		83,014
4.13%, 06/15/29 (Call 03/15/29)		100		94,211
4.38%, 03/15/42 (Call 09/15/41)		25		20,495
4.50%, 02/15/27 (Call 08/15/26)		148		144,412
4.63%, 03/15/52 (Call 09/15/51)		120		96,792
5.20%, 06/01/28 (Call 05/01/28)		20		19,848
5.25%, 06/15/26 (Call 12/15/25)		140		139,157
5.25%, 06/15/49 (Call 12/15/48)		120		106,590
5.38%, 09/01/26 (Call 03/01/26)		125		124,601
5.50%, 06/01/33 (Call 03/01/33)		70		69,113
5.50%, 06/15/47 (Call 12/15/46)		90		83,380
5.60%, 04/01/34 (Call 01/01/34)		105		104,068
5.63%, 09/01/28 (Call 03/01/28)		100		100,540
5.88%, 02/15/26 (Call 08/15/25)		165		165,253
5.88%, 02/01/29 (Call 08/01/28)		65		65,928
5.90%, 06/01/53 (Call 12/01/52)		65		63,007
6.00%, 04/01/54 (Call 10/01/53)		85		83,396
6.10%, 04/01/64 (Call 10/01/63)		40		39,069
HealthEquity Inc., 4.50%, 10/01/29 (Call 10/01/24)(b)		35		32,084

 17

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Health Care - Services (continued)
Humana Inc.
1.35%, 02/03/27 (Call 01/03/27)	$	125	$	112,690
2.15%, 02/03/32 (Call 11/03/31)		70		55,410
3.13%, 08/15/29 (Call 05/15/29)		60		53,952
3.70%, 03/23/29 (Call 02/23/29)		90		83,908
3.95%, 03/15/27 (Call 12/15/26)		68		65,545
3.95%, 08/15/49 (Call 02/15/49)		35		26,188
4.63%, 12/01/42 (Call 06/01/42)		37		31,251
4.80%, 03/15/47 (Call 09/15/46)		35		29,665
4.88%, 04/01/30 (Call 01/01/30)		62		60,487
4.95%, 10/01/44 (Call 04/01/44)		55		48,082
5.50%, 03/15/53 (Call 09/15/52)		50		46,485
5.75%, 03/01/28 (Call 02/01/28)		15		15,186
5.75%, 04/15/54 (Call 10/15/53)		40		38,509
5.95%, 03/15/34 (Call 12/15/33)		50		50,950
IQVIA Inc.
5.00%, 10/15/26 (Call 07/01/24)(b)		60		58,773
5.00%, 05/15/27 (Call 07/01/24)(b)		50		48,588
6.25%, 02/01/29 (Call 01/01/29)		70		71,770
6.50%, 05/15/30 (Call 05/15/26)(b)		35		35,362
ModivCare Inc., 5.88%, 11/15/25 (Call 07/01/24)(b)		35		34,812
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)(b)		40		34,886
3.88%, 05/15/32 (Call 02/15/32)(b)		45		38,052
4.38%, 06/15/28 (Call 07/01/24)(b)		45		41,893
Pediatrix Medical Group Inc., 5.38%, 02/15/30
(Call 02/15/25)(b)(c)		25		21,541
Quest Diagnostics Inc.
2.80%, 06/30/31 (Call 03/30/31)		30		25,578
2.95%, 06/30/30 (Call 03/30/30)		101		89,000
3.45%, 06/01/26 (Call 03/01/26)		75		72,305
4.20%, 06/30/29 (Call 03/30/29)		55		52,860
4.70%, 03/30/45 (Call 09/30/44)		25		22,123
6.40%, 11/30/33 (Call 08/30/33)		50		53,346
Select Medical Corp., 6.25%, 08/15/26
(Call 07/01/24)(b)		72		72,165
Surgery Center Holdings Inc., 7.25%, 04/15/32
(Call 04/15/27)(b)(c)		50		50,375
				5,474,384
Home Builders — 0.1%
Beazer Homes USA Inc.
5.88%, 10/15/27 (Call 06/17/24)		20		19,593
7.25%, 10/15/29 (Call 10/15/24)		20		19,980
7.50%, 03/15/31 (Call 03/15/27)(b)		15		14,964
Century Communities Inc.
3.88%, 08/15/29 (Call 02/15/29)(b)		30		26,623
6.75%, 06/01/27 (Call 07/01/24)		30		30,146
DR Horton Inc.
1.40%, 10/15/27 (Call 08/15/27)		5		4,427
2.60%, 10/15/25 (Call 09/15/25)		10		9,615
Installed Building Products Inc., 5.75%, 02/01/28
(Call 06/17/24)(b)		20		19,386
KB Home
4.00%, 06/15/31 (Call 12/15/30)		20		17,661
4.80%, 11/15/29 (Call 05/15/29)		20		18,738
6.88%, 06/15/27 (Call 12/15/26)		20		20,388
7.25%, 07/15/30 (Call 07/15/25)		20		20,508
LGI Homes Inc.
4.00%, 07/15/29 (Call 01/15/29)(b)		20		17,219
8.75%, 12/15/28 (Call 12/15/25)(b)		25		25,980

	Par
Security		(000)		Value
Home Builders (continued)
M/I Homes Inc.
3.95%, 02/15/30 (Call 08/15/29)	$	20	$	17,467
4.95%, 02/01/28 (Call 06/17/24)		20		19,000
MDC Holdings Inc.
2.50%, 01/15/31 (Call 07/15/30)		50		44,104
3.85%, 01/15/30 (Call 07/15/29)		40		37,256
3.97%, 08/06/61 (Call 02/06/61)		20		16,955
6.00%, 01/15/43 (Call 10/15/42)		30		30,095
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)(b)		30		27,425
5.13%, 06/06/27 (Call 12/06/26)		40		39,328
NVR Inc., 3.00%, 05/15/30 (Call 11/15/29)		84		73,732
PulteGroup Inc.
5.00%, 01/15/27 (Call 10/15/26)		30		29,718
5.50%, 03/01/26 (Call 12/01/25)		44		44,009
6.00%, 02/15/35		41		42,027
6.38%, 05/15/33		35		36,631
7.88%, 06/15/32		25		28,556
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(b)		30		28,476
5.75%, 01/15/28 (Call 10/15/27)(b)		30		29,563
5.88%, 06/15/27 (Call 03/15/27)(b)		30		29,876
Thor Industries Inc., 4.00%, 10/15/29
(Call 10/15/24)(b)		35		30,535
Toll Brothers Finance Corp., 4.88%, 03/15/27
(Call 12/15/26)		5		4,914
Tri Pointe Homes Inc.
5.25%, 06/01/27 (Call 12/01/26)		20		19,397
5.70%, 06/15/28 (Call 12/15/27)		20		19,539
Winnebago Industries Inc., 6.25%, 07/15/28
(Call 07/01/24)(b)		20		19,667
				933,498
Home Furnishings — 0.0%
Leggett & Platt Inc.
3.50%, 11/15/27 (Call 08/15/27)		10		9,082
3.50%, 11/15/51 (Call 05/15/51)		30		19,285
4.40%, 03/15/29 (Call 12/15/28)		37		33,394
Tempur Sealy International Inc.
3.88%, 10/15/31 (Call 10/15/26)(b)		50		41,987
4.00%, 04/15/29 (Call 07/01/24)(b)		45		40,342
Whirlpool Corp.
2.40%, 05/15/31 (Call 02/15/31)		65		53,016
4.50%, 06/01/46 (Call 12/01/45)		30		23,603
4.60%, 05/15/50 (Call 11/15/49)		40		31,322
4.75%, 02/26/29 (Call 11/26/28)(c)		25		24,241
5.50%, 03/01/33 (Call 12/01/32)(c)		20		19,545
				295,817
Household Products & Wares — 0.1%
ACCO Brands Corp., 4.25%, 03/15/29
(Call 06/17/24)(b)		35		31,057
Avery Dennison Corp.
2.25%, 02/15/32 (Call 11/15/31)		70		56,587
2.65%, 04/30/30 (Call 02/01/30)		18		15,555
4.88%, 12/06/28 (Call 09/06/28)		45		44,293
Church & Dwight Co. Inc.
2.30%, 12/15/31 (Call 09/15/31)		10		8,226
3.15%, 08/01/27 (Call 05/01/27)		80		75,683
3.95%, 08/01/47 (Call 02/01/47)		65		51,066
5.00%, 06/15/52 (Call 12/15/51)		10		9,237
5.60%, 11/15/32 (Call 08/15/32)		5		5,168

18

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Household Products & Wares (continued)
Clorox Co. (The)
1.80%, 05/15/30 (Call 02/15/30)	$	85	$	70,288
3.90%, 05/15/28 (Call 02/15/28)		55		52,773
4.60%, 05/01/32 (Call 02/01/32)		10		9,653
SC Johnson & Son Inc.
4.00%, 05/15/43 (Call 02/15/43)(b)		25		19,695
4.75%, 10/15/46 (Call 04/16/46)(b)		40		34,349
4.80%, 09/01/40(b)		15		13,383
Spectrum Brands Inc.
3.88%, 03/15/31 (Call 03/15/26)(b)(c)		30		27,636
5.50%, 07/15/30 (Call 07/15/25)(b)(c)		25		24,983
				549,632
Housewares — 0.0%
Newell Brands Inc.
4.88%, 06/01/25 (Call 05/01/25)		26		25,621
5.70%, 04/01/26 (Call 01/01/26)		115		113,452
6.38%, 09/15/27 (Call 06/15/27)(c)		25		24,670
6.63%, 09/15/29 (Call 06/15/29)(c)		50		49,021
6.88%, 04/01/36 (Call 10/01/35)		25		22,224
7.00%, 04/01/46 (Call 10/01/45)		40		32,912
				267,900
Insurance — 1.9%
ACE Capital Trust II, Series N, 9.70%, 04/01/30		40		47,422
Aflac Inc.
1.13%, 03/15/26 (Call 02/15/26)		20		18,573
2.88%, 10/15/26 (Call 07/15/26)		45		42,622
3.60%, 04/01/30 (Call 01/01/30)		103		94,976
4.00%, 10/15/46 (Call 04/15/46)		25		19,664
4.75%, 01/15/49 (Call 07/15/48)		55		48,516
AIA Group Ltd.
3.20%, 09/16/40 (Call 03/16/40)(b)		210		152,038
3.38%, 04/07/30 (Call 01/07/30)(b)		15		13,583
5.38%, 04/05/34 (Call 01/05/34)(b)		200		195,764
American International Group Inc.
4.20%, 04/01/28 (Call 01/01/28)		10		9,627
4.38%, 06/30/50 (Call 12/30/49)		75		62,449
4.50%, 07/16/44 (Call 01/16/44)		5		4,377
4.75%, 04/01/48 (Call 10/01/47)		80		71,507
4.80%, 07/10/45 (Call 01/10/45)		75		67,935
5.13%, 03/27/33 (Call 12/27/32)		45		44,185
6.25%, 05/01/36		50		52,580
Series A-9, 5.75%, 04/01/48 (Call 04/01/28),
(3-mo. LIBOR US + 2.868%)(a)		90		88,196
Aon Corp., 3.75%, 05/02/29 (Call 02/02/29)		15		14,042
Aon Corp./Aon Global Holdings PLC
2.05%, 08/23/31 (Call 05/23/31)		10		8,036
3.90%, 02/28/52 (Call 08/28/51)		100		73,679
5.00%, 09/12/32 (Call 06/12/32)		75		72,860
5.35%, 02/28/33 (Call 11/28/32)		60		59,141
Aon Global Ltd., 4.75%, 05/15/45 (Call 11/15/44)		100		86,825
Aon North America Inc.
5.13%, 03/01/27 (Call 02/01/27)		100		99,772
5.45%, 03/01/34 (Call 12/01/33)		120		118,929
5.75%, 03/01/54 (Call 09/01/53)		100		98,259
Arch Capital Finance LLC
4.01%, 12/15/26 (Call 09/15/26)		20		19,319
5.03%, 12/15/46 (Call 06/15/46)		29		26,156
Arch Capital Group Ltd.
3.64%, 06/30/50 (Call 12/30/49)		80		57,967
7.35%, 05/01/34		15		16,994

	Par
Security		(000)		Value
Insurance (continued)
Arch Capital Group U.S. Inc., 5.14%, 11/01/43	$	30	$	27,595
Arthur J Gallagher & Co.
2.40%, 11/09/31 (Call 08/09/31)		15		12,156
3.50%, 05/20/51 (Call 11/20/50)		30		20,441
5.75%, 03/02/53 (Call 09/02/52)		80		77,380
5.75%, 07/15/54 (Call 01/15/54)		20		19,405
6.50%, 02/15/34 (Call 11/15/33)		5		5,287
6.75%, 02/15/54 (Call 08/15/53)		40		44,050
Assurant Inc.
2.65%, 01/15/32 (Call 10/15/31)		20		16,275
4.90%, 03/27/28 (Call 12/27/27)		70		68,232
7.00%, 03/27/48 (Call 03/27/28),
(3-mo. LIBOR US + 4.135%)(a)		25		25,185
Assured Guaranty U.S. Holdings Inc.
3.15%, 06/15/31 (Call 03/15/31)		55		47,519
6.13%, 09/15/28 (Call 08/15/28)		50		51,333
AXA SA, 6.38%, (Call 12/14/36),
(1-day SOFR + 2.256%)(a)(b)(f)		30		32,426
Axis Specialty Finance LLC, 4.90%, 01/15/40
(Call 01/15/30), (5-year CMT + 3.186%)(a)		5		4,548
Axis Specialty Finance PLC, 4.00%, 12/06/27
(Call 09/06/27)		25		23,894
Baldwin Insurance Group Holdings LLC/Baldwin Insurance Group Holdings Finance, 7.13%, 05/15/31 (Call 05/15/27)(b)		50		50,490
Brown & Brown Inc.
2.38%, 03/15/31 (Call 12/15/30)		20		16,364
4.20%, 03/17/32 (Call 12/17/31)		40		36,042
4.95%, 03/17/52 (Call 09/17/51)		60		50,686
Chubb Corp. (The)
6.00%, 05/11/37		15		15,852
Series 1, 6.50%, 05/15/38		30		33,262
Chubb INA Holdings LLC
2.85%, 12/15/51 (Call 06/15/51)		65		42,250
3.05%, 12/15/61 (Call 06/15/61)		105		66,639
3.35%, 05/03/26 (Call 02/03/26)		215		207,700
4.15%, 03/13/43		25		21,220
4.35%, 11/03/45 (Call 05/03/45)		65		56,013
5.00%, 03/15/34 (Call 12/15/33)		60		59,166
6.70%, 05/15/36		35		39,178
CNO Financial Group Inc., 6.45%, 06/15/34
(Call 03/15/34)		50		50,133
Dai-Ichi Life Insurance Co. Ltd. (The), 4.00%,
(Call 07/24/26), (3-mo. LIBOR US + 3.660%)(a)(b)(f)		30		28,680
Empower Finance 2020 LP
1.36%, 09/17/27 (Call 07/17/27)(b)		35		30,845
1.78%, 03/17/31 (Call 12/17/30)(b)		105		82,891
3.08%, 09/17/51 (Call 03/17/51)(b)		50		32,113
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52 (Call 04/15/52)		115		71,343
3.50%, 10/15/50 (Call 04/15/50)		15		10,031
Great-West Lifeco Finance 2018 LP
4.05%, 05/17/28 (Call 02/17/28)(b)		45		43,156
4.58%, 05/17/48 (Call 11/17/47)(b)		10		8,518
Great-West Lifeco Finance Delaware LP, 4.15%, 06/03/47 (Call 12/03/46)(b)		75		59,314
Great-West Lifeco U.S. Finance 2020 LP, 0.90%, 08/12/25 (Call 07/12/25)(b)		47		44,495
Hanover Insurance Group Inc. (The)
2.50%, 09/01/30 (Call 06/01/30)		50		41,704
4.50%, 04/15/26 (Call 01/15/26)		60		58,732

 19

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Insurance (continued)
Hartford Financial Services Group Inc. (The)
2.90%, 09/15/51 (Call 03/15/51)	$	30	$	18,840
3.60%, 08/19/49 (Call 02/19/49)		41		29,719
4.30%, 04/15/43		20		16,806
4.40%, 03/15/48 (Call 09/15/47)		45		37,485
5.95%, 10/15/36		15		15,550
6.10%, 10/01/41		35		36,152
Jackson Financial Inc.
3.13%, 11/23/31 (Call 08/23/31)		85		70,482
4.00%, 11/23/51 (Call 05/23/51)		50		33,900
Liberty Mutual Group Inc.
3.95%, 10/15/50 (Call 04/15/50)(b)		10		7,278
3.95%, 05/15/60 (Call 11/15/59)(b)		50		34,443
4.13%, 12/15/51 (Call 09/15/26),
(5-year CMT + 3.315%)(a)(b)		25		23,098
4.30%, 02/01/61 (Call 02/01/26)(b)		50		30,141
5.50%, 06/15/52 (Call 12/15/51)(b)		140		129,862
7.80%, 03/07/87(b)		25		26,305
Lincoln National Corp.
3.05%, 01/15/30 (Call 10/15/29)		55		48,581
3.40%, 01/15/31 (Call 10/15/30)		60		52,653
3.63%, 12/12/26 (Call 09/15/26)(c)		45		42,981
3.80%, 03/01/28 (Call 12/01/27)		26		24,725
4.35%, 03/01/48 (Call 09/01/47)		25		19,004
4.38%, 06/15/50 (Call 12/15/49)		24		18,085
5.85%, 03/15/34 (Call 12/15/33)		20		19,891
6.30%, 10/09/37		5		5,112
7.00%, 06/15/40		55		60,187
Marsh & McLennan Companies Inc.
2.25%, 11/15/30 (Call 08/15/30)		81		68,411
2.38%, 12/15/31 (Call 09/15/31)		20		16,493
3.75%, 03/14/26 (Call 12/14/25)		81		78,961
4.20%, 03/01/48 (Call 09/01/47)		65		52,913
4.35%, 01/30/47 (Call 07/30/46)		35		29,383
4.38%, 03/15/29 (Call 12/15/28)		140		136,359
4.75%, 03/15/39 (Call 09/15/38)		85		78,818
4.90%, 03/15/49 (Call 09/15/48)		77		69,169
5.45%, 03/15/54 (Call 09/15/53)		105		101,969
5.70%, 09/15/53 (Call 03/15/53)		60		60,329
5.75%, 11/01/32 (Call 08/01/32)		15		15,552
5.88%, 08/01/33		75		78,345
Massachusetts Mutual Life Insurance Co.
3.20%, 12/01/61(b)		200		119,271
3.73%, 10/15/70(b)		10		6,560
4.90%, 04/01/77(b)		10		8,182
MassMutual Global Funding II
2.15%, 03/09/31(b)		85		70,672
2.35%, 01/14/27(b)		5		4,660
4.50%, 04/10/26(b)		220		217,164
5.05%, 06/14/28(b)		205		203,721
Meiji Yasuda Life Insurance Co. 5.10%, 04/26/48 (Call 04/26/28),
(5-year USD ICE Swap + 3.150%)(a)(b)		55		53,641
5.20%, 10/20/45 (Call 10/20/25),
(5-year USD Swap + 4.230%)(a)(b)		45		44,392
Metropolitan Life Global Funding I
0.95%, 07/02/25(b)		40		38,129
1.55%, 01/07/31(b)		75		59,445
1.88%, 01/11/27(b)		165		151,341
2.40%, 01/11/32(b)		15		12,276
2.95%, 04/09/30(b)		165		145,801

	Par
Security		(000)		Value
Insurance (continued)
3.45%, 12/18/26(b)	$	125	$	119,868
4.85%, 01/08/29(b)		155		152,922
5.15%, 03/28/33(b)		155		152,734
MGIC Investment Corp., 5.25%, 08/15/28
(Call 06/17/24)		35		33,979
Munich Re America Corp., Series B, 7.45%, 12/15/26		90		94,799
New York Life Global Funding
0.85%, 01/15/26(b)		195		181,736
1.20%, 08/07/30(b)		10		7,921
3.25%, 04/07/27(b)		10		9,504
3.60%, 08/05/25(b)		140		137,289
4.55%, 01/28/33(b)		220		208,423
4.85%, 01/09/28(b)		100		98,981
4.90%, 06/13/28(b)		170		168,600
5.00%, 01/09/34(b)		100		97,865
5.45%, 09/18/26(b)		60		60,222
New York Life Insurance Co.
3.75%, 05/15/50 (Call 11/15/49)(b)		165		122,012
4.45%, 05/15/69 (Call 11/15/68)(b)		30		23,697
5.88%, 05/15/33(b)		35		35,881
Old Republic International Corp.
3.88%, 08/26/26 (Call 07/26/26)		50		48,234
5.75%, 03/28/34 (Call 12/28/33)		5		4,976
Pricoa Global Funding I, 1.20%, 09/01/26(b)		20		18,261
Primerica Inc., 2.80%, 11/19/31 (Call 08/19/31)		40		33,100
Principal Financial Group Inc.
2.13%, 06/15/30 (Call 03/15/30)		60		49,849
3.10%, 11/15/26 (Call 08/15/26)		40		37,995
3.70%, 05/15/29 (Call 02/15/29)		25		23,150
4.30%, 11/15/46 (Call 05/15/46)		30		24,744
4.35%, 05/15/43		32		27,303
4.63%, 09/15/42		20		17,740
6.05%, 10/15/36		51		53,066
Principal Life Global Funding II
0.88%, 01/12/26(b)		55		51,117
1.25%, 06/23/25(b)		63		60,278
1.50%, 08/27/30(b)		40		31,833
1.63%, 11/19/30(b)		15		11,776
2.50%, 09/16/29(b)		26		22,638
3.00%, 04/18/26(b)		85		81,195
Progressive Corp. (The)
2.45%, 01/15/27		40		37,376
3.20%, 03/26/30 (Call 12/26/29)		65		58,872
3.70%, 01/26/45		30		23,585
3.95%, 03/26/50 (Call 09/26/49)		40		31,587
4.00%, 03/01/29 (Call 12/01/28)		47		44,820
4.13%, 04/15/47 (Call 10/15/46)		62		51,076
4.20%, 03/15/48 (Call 09/15/47)		40		33,276
4.35%, 04/25/44		20		17,243
6.25%, 12/01/32		73		78,031
Protective Life Corp.
3.40%, 01/15/30 (Call 10/15/29)(b)		90		79,289
4.30%, 09/30/28 (Call 06/30/28)(b)		60		57,661
Prudential Financial Inc.
1.50%, 03/10/26 (Call 02/10/26)		60		56,186
2.10%, 03/10/30 (Call 12/10/29)		79		67,166
3.00%, 03/10/40 (Call 09/10/39)		50		36,912
3.70%, 10/01/50 (Call 07/01/30),
(5-year CMT + 3.035%)(a)		75		64,310
3.70%, 03/13/51 (Call 09/13/50)		80		58,323
3.88%, 03/27/28 (Call 12/27/27)		60		57,446

20

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Insurance (continued)
3.91%, 12/07/47 (Call 06/07/47)	$	70	$	53,897
3.94%, 12/07/49 (Call 06/07/49)		82		62,391
4.35%, 02/25/50 (Call 08/25/49)		75		61,323
4.42%, 03/27/48 (Call 09/27/47)		45		37,387
5.13%, 03/01/52 (Call 11/28/31),
(5-year CMT + 3.162%)(a)		85		78,824
5.70%, 12/14/36		67		68,643
5.70%, 09/15/48 (Call 09/15/28),
(3-mo. LIBOR US + 2.665%)(a)		105		102,738
5.75%, 07/15/33		23		23,933
6.00%, 09/01/52 (Call 06/01/32),
(5-year CMT + 3.234%)(a)		105		102,601
6.50%, 03/15/54 (Call 12/15/33),
(5-year CMT + 2.404%)(a)		45		45,159
6.63%, 12/01/37		25		27,858
Prudential Funding Asia PLC, 3.63%, 03/24/32
(Call 12/24/31)		50		44,595
Reinsurance Group of America Inc.
3.15%, 06/15/30 (Call 03/15/30)		72		63,512
3.90%, 05/15/29 (Call 02/15/29)		73		68,210
3.95%, 09/15/26 (Call 06/15/26)		25		24,194
6.00%, 09/15/33 (Call 06/15/33)		50		50,728
Reliance Standard Life Global Funding II
1.51%, 09/28/26(b)		90		81,050
2.75%, 01/21/27(b)		40		36,925
Selective Insurance Group Inc., 5.38%, 03/01/49
(Call 09/01/48)		15		13,783
Swiss Re Finance Luxembourg SA, 5.00%, 04/02/49
(Call 04/02/29), (5-year CMT + 3.582%)(a)(b)		200		192,515
Travelers Companies Inc. (The)
2.55%, 04/27/50 (Call 10/27/49)		65		39,424
3.75%, 05/15/46 (Call 11/15/45)		39		30,273
4.00%, 05/30/47 (Call 11/30/46)		60		48,386
4.05%, 03/07/48 (Call 09/07/47)		30		24,399
4.10%, 03/04/49 (Call 09/04/48)		37		30,297
4.30%, 08/25/45 (Call 02/25/45)		45		38,260
4.60%, 08/01/43		30		26,868
5.35%, 11/01/40		40		39,492
5.45%, 05/25/53 (Call 11/25/52)		50		50,109
6.25%, 06/15/37		60		64,414
6.75%, 06/20/36		50		56,057
Trinity Acquisition PLC, 4.40%, 03/15/26
(Call 12/15/25)		70		68,438
Unum Group, 4.13%, 06/15/51 (Call 12/15/50)		65		47,617
Willis North America Inc.
2.95%, 09/15/29 (Call 06/15/29)		88		78,311
3.88%, 09/15/49 (Call 03/15/49)		44		31,761
4.50%, 09/15/28 (Call 06/15/28)		62		59,935
4.65%, 06/15/27 (Call 05/15/27)		65		63,655
5.05%, 09/15/48 (Call 03/15/48)		25		21,997
5.35%, 05/15/33 (Call 02/15/33)		60		58,471
XL Group Ltd., 5.25%, 12/15/43		30		27,853
Zurich Finance Ireland Designated Activity Co., 3.00%, 04/19/51 (Call 01/19/31),
(5-year CMT + 2.777%)(a)(d)		200		164,290
				11,709,193
Internet — 0.3%
Booking Holdings Inc.
3.55%, 03/15/28 (Call 12/15/27)		90		85,347
3.60%, 06/01/26 (Call 03/01/26)		106		102,848
4.63%, 04/13/30 (Call 01/13/30)		120		117,161

	Par
Security		(000)		Value
Internet (continued)
Cars.com Inc., 6.38%, 11/01/28 (Call 07/01/24)(b)(c)	$	25	$	24,560
Cogent Communications Group Inc.
3.50%, 05/01/26 (Call 02/01/26)(b)		35		33,105
7.00%, 06/15/27 (Call 07/01/24)(b)		25		24,882
eBay Inc.
1.40%, 05/10/26 (Call 04/10/26)		75		69,532
2.60%, 05/10/31 (Call 02/10/31)		55		46,733
2.70%, 03/11/30 (Call 12/11/29)		70		61,347
3.60%, 06/05/27 (Call 03/05/27)		77		73,661
3.65%, 05/10/51 (Call 11/10/50)		60		42,759
4.00%, 07/15/42 (Call 01/15/42)		85		68,177
Gen Digital Inc.
6.75%, 09/30/27 (Call 09/30/24)(b)		55		55,451
7.13%, 09/30/30 (Call 09/30/25)(b)		40		40,670
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 07/01/24)(b)		50		44,775
5.25%, 12/01/27 (Call 07/01/24)(b)		40		38,920
GrubHub Holdings Inc., 5.50%, 07/01/27
(Call 06/11/24)(b)		30		27,005
Meituan, 2.13%, 10/28/25 (Call 09/28/25)(d)		200		190,206
Prosus NV
3.26%, 01/19/27 (Call 12/19/26)(d)		200		185,051
3.68%, 01/21/30 (Call 10/21/29)(d)		200		174,084
4.99%, 01/19/52(d)		200		150,761
Rakuten Group Inc.
5.13%, (Call 04/22/26),
(5-year CMT + 4.578%)(a)(b)(c)(f)		45		38,566
6.25%, (Call 04/22/31),
(5-year CMT + 4.956%)(a)(b)(f)		55		40,987
9.75%, 04/15/29(b)		125		125,959
11.25%, 02/15/27(b)		105		110,915
VeriSign Inc.
2.70%, 06/15/31 (Call 03/15/31)		75		62,292
4.75%, 07/15/27 (Call 07/01/24)		40		39,172
Ziff Davis Inc., 4.63%, 10/15/30 (Call 10/15/25)(b)		25		22,307
				2,097,233
Iron & Steel — 0.2%
ATI Inc.
4.88%, 10/01/29 (Call 10/01/24)		20		18,689
5.13%, 10/01/31 (Call 10/01/26)		20		18,236
5.88%, 12/01/27 (Call 07/01/24)		25		24,569
7.25%, 08/15/30 (Call 08/15/26)		25		25,683
Carpenter Technology Corp.
6.38%, 07/15/28 (Call 07/01/24)		25		24,931
7.63%, 03/15/30 (Call 03/15/25)		20		20,503
Cleveland-Cliffs Inc.
4.63%, 03/01/29 (Call 07/01/24)(b)		25		23,411
4.88%, 03/01/31 (Call 03/01/26)(b)		20		17,525
5.88%, 06/01/27 (Call 07/01/24)(c)		31		30,700
6.25%, 10/01/40		15		12,698
6.75%, 04/15/30 (Call 04/15/26)(b)		45		44,525
7.00%, 03/15/32 (Call 03/15/27)(b)		50		49,384
Commercial Metals Co.
3.88%, 02/15/31 (Call 02/15/26)		20		17,539
4.13%, 01/15/30 (Call 01/15/25)		15		13,593
4.38%, 03/15/32 (Call 03/15/27)		20		17,835
GUSAP III LP, 4.25%, 01/21/30 (Call 07/21/29)(d)		200		185,438
Reliance Inc.
1.30%, 08/15/25 (Call 07/15/25)		115		109,205
2.15%, 08/15/30 (Call 05/15/30)		70		58,100

 21

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Iron & Steel (continued)
Steel Dynamics Inc.
1.65%, 10/15/27 (Call 08/15/27)	$	60	$	53,336
2.40%, 06/15/25 (Call 05/15/25)		62		59,989
3.25%, 01/15/31 (Call 10/15/30)		25		22,046
3.25%, 10/15/50 (Call 04/15/50)		15		9,794
3.45%, 04/15/30 (Call 01/15/30)		30		27,235
5.00%, 12/15/26 (Call 07/01/24)		55		54,519
U.S. Steel Corp., 6.65%, 06/01/37		20		19,802
				959,285
Leisure Time — 0.2%
Brunswick Corp.
2.40%, 08/18/31 (Call 05/18/31)		30		23,784
4.40%, 09/15/32 (Call 06/15/32)(c)		25		22,269
5.10%, 04/01/52 (Call 10/01/51)		35		27,127
Harley-Davidson Financial Services Inc.
3.05%, 02/14/27 (Call 01/14/27)(b)		20		18,653
3.35%, 06/08/25 (Call 05/08/25)(b)		75		73,196
Harley-Davidson Inc., 4.63%, 07/28/45
(Call 01/28/45)		28		22,864
Life Time Inc.
5.75%, 01/15/26 (Call 07/01/24)(b)		50		49,738
8.00%, 04/15/26 (Call 07/01/24)(b)		30		30,212
NCL Corp. Ltd.
5.88%, 03/15/26 (Call 12/15/25)(b)		80		78,653
5.88%, 02/15/27 (Call 06/11/24)(b)		60		59,102
7.75%, 02/15/29 (Call 11/15/28)(b)(c)		35		35,932
8.13%, 01/15/29 (Call 01/15/26)(b)		70		73,093
8.38%, 02/01/28 (Call 02/01/25)(b)		35		36,566
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(b)		30		29,360
Polaris Inc., 6.95%, 03/15/29 (Call 02/15/29)		30		31,491
Royal Caribbean Cruises Ltd.
3.70%, 03/15/28 (Call 12/15/27)		50		46,461
5.38%, 07/15/27 (Call 10/15/26)(b)		100		98,016
5.50%, 08/31/26 (Call 02/28/26)(b)		50		49,252
5.50%, 04/01/28 (Call 10/01/27)(b)		100		97,697
6.25%, 03/15/32 (Call 03/15/27)(b)		75		74,666
7.25%, 01/15/30 (Call 12/15/25)(b)		60		62,051
				1,040,183
Lodging — 0.2%
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)(b)		90		76,379
3.75%, 05/01/29 (Call 07/01/24)(b)		45		40,778
4.00%, 05/01/31 (Call 05/01/26)(b)		61		53,893
4.88%, 01/15/30 (Call 01/15/25)		60		56,759
5.38%, 05/01/25 (Call 06/11/24)(b)		26		25,883
5.75%, 05/01/28 (Call 07/01/24)(b)		35		34,686
5.88%, 04/01/29 (Call 04/01/26)(b)		25		24,782
6.13%, 04/01/32 (Call 04/01/27)(b)		60		59,457
Hilton Grand Vacations Borrower Escrow LLC/Hilton
Grand Vacations Borrower Esc
4.88%, 07/01/31 (Call 07/01/26)(b)(c)		30		26,319
5.00%, 06/01/29 (Call 07/01/24)(b)		50		46,174
6.63%, 01/15/32 (Call 01/15/27)(b)		50		49,808
Hilton Worldwide Finance LLC/Hilton Worldwide
Finance Corp., 4.88%, 04/01/27 (Call 06/17/24)		35		34,084
Hyatt Hotels Corp.
4.85%, 03/15/26 (Call 12/15/25)		50		49,484
5.75%, 01/30/27 (Call 12/30/26)		90		90,818
5.75%, 04/23/30 (Call 01/23/30)		35		35,557

	Par
Security		(000)		Value
Lodging (continued)
Marriott Ownership Resorts Inc.
4.50%, 06/15/29 (Call 07/01/24)(b)(c)	$	30	$	27,199
4.75%, 01/15/28 (Call 07/01/24)		25		23,375
Studio City Co. Ltd., 7.00%, 02/15/27
(Call 07/01/24)(b)		50		49,879
Studio City Finance Ltd., 5.00%, 01/15/29
(Call 07/01/24)(b)		80		69,725
Travel & Leisure Co.
4.50%, 12/01/29 (Call 09/01/29)(b)		35		31,875
4.63%, 03/01/30 (Call 12/01/29)(b)		20		18,155
6.00%, 04/01/27 (Call 01/01/27)		30		29,900
6.60%, 10/01/25 (Call 07/01/25)		25		25,203
6.63%, 07/31/26 (Call 04/30/26)(b)		40		40,165
				1,020,337
Machinery — 0.6%
ABB Finance USA Inc., 4.38%, 05/08/42		10		8,894
AGCO Corp., 5.80%, 03/21/34 (Call 12/21/33)		50		49,914
ATS Corp., 4.13%, 12/15/28 (Call 07/02/24)(b)		25		22,566
Chart Industries Inc.
7.50%, 01/01/30 (Call 01/01/26)(b)		85		87,564
9.50%, 01/01/31 (Call 01/01/26)(b)		31		33,502
CNH Industrial Capital LLC
1.45%, 07/15/26 (Call 06/15/26)		12		11,054
1.88%, 01/15/26 (Call 12/15/25)		75		70,764
4.55%, 04/10/28 (Call 03/10/28)		10		9,740
5.50%, 01/12/29 (Call 12/12/28)		20		20,152
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27)		104		99,603
Deere & Co.
2.88%, 09/07/49 (Call 03/07/49)		40		26,835
3.10%, 04/15/30 (Call 01/15/30)		81		73,387
3.75%, 04/15/50 (Call 10/15/49)		65		51,490
3.90%, 06/09/42 (Call 12/09/41)		75		62,746
5.38%, 10/16/29		30		30,704
7.13%, 03/03/31		25		28,254
Dover Corp.
2.95%, 11/04/29 (Call 08/04/29)		50		44,770
3.15%, 11/15/25 (Call 08/15/25)		72		69,695
5.38%, 10/15/35		10		10,025
5.38%, 03/01/41 (Call 12/01/40)		37		36,085
Flowserve Corp.
2.80%, 01/15/32 (Call 10/15/31)		25		20,481
3.50%, 10/01/30 (Call 07/01/30)		49		43,485
GrafTech Finance Inc., 4.63%, 12/15/28
(Call 07/01/24)(b)(c)		25		16,193
GrafTech Global Enterprises Inc., 9.88%, 12/15/28
(Call 12/15/25)(b)(c)		25		18,856
IDEX Corp.
2.63%, 06/15/31 (Call 03/15/31)		55		45,661
3.00%, 05/01/30 (Call 02/01/30)		74		64,630
Ingersoll Rand Inc.
5.70%, 08/14/33 (Call 05/14/33)		60		61,163
5.70%, 06/15/54 (Call 12/15/53)		50		50,572
John Deere Capital Corp.
0.70%, 01/15/26		62		57,815
1.05%, 06/17/26		72		66,380
1.30%, 10/13/26		50		45,796
1.45%, 01/15/31		22		17,746
1.50%, 03/06/28		12		10,575
1.75%, 03/09/27		75		68,717
2.00%, 06/17/31		32		26,327
2.25%, 09/14/26		90		84,488

22

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Machinery (continued)
2.45%, 01/09/30	$	71	$	62,413
2.65%, 06/10/26		77		73,444
2.80%, 09/08/27		90		84,041
2.80%, 07/18/29		65		58,669
3.05%, 01/06/28		43		40,545
3.40%, 06/06/25		114		112,172
3.40%, 09/11/25		78		76,166
3.45%, 03/07/29		72		67,581
4.15%, 09/15/27		45		43,920
4.35%, 09/15/32		60		57,226
4.50%, 01/16/29		205		201,017
5.10%, 04/11/34		150		149,185
5.15%, 09/08/26		100		100,129
Manitowoc Co. Inc. (The), 9.00%, 04/01/26
(Call 06/17/24)(b)(c)		21		21,010
Mueller Water Products Inc., 4.00%, 06/15/29
(Call 07/01/24)(b)		26		23,791
nVent Finance SARL
2.75%, 11/15/31 (Call 08/15/31)		65		53,094
5.65%, 05/15/33 (Call 02/15/33)		30		29,856
Otis Worldwide Corp.
2.29%, 04/05/27 (Call 02/05/27)		75		69,601
2.57%, 02/15/30 (Call 11/15/29)		125		108,841
3.11%, 02/15/40 (Call 08/15/39)		75		55,786
3.36%, 02/15/50 (Call 08/15/49)		35		24,526
Rockwell Automation Inc.
2.80%, 08/15/61 (Call 02/15/61)		30		17,071
3.50%, 03/01/29 (Call 12/01/28)		125		117,591
4.20%, 03/01/49 (Call 09/01/48)		45		37,346
SPX FLOW Inc., 8.75%, 04/01/30 (Call 04/01/25)(b)(c)		30		30,839
Terex Corp., 5.00%, 05/15/29 (Call 07/01/24)(b)		35		33,015
Vertiv Group Corp., 4.13%, 11/15/28 (Call 11/15/24)(b)		50		46,360
Weir Group PLC (The), 2.20%, 05/13/26
(Call 04/13/26)(b)		55		51,480
Westinghouse Air Brake Technologies Corp.
3.45%, 11/15/26 (Call 08/15/26)		45		42,907
4.70%, 09/15/28 (Call 06/15/28)		75		73,368
Xylem Inc./New York
1.95%, 01/30/28 (Call 11/30/27)		55		49,259
2.25%, 01/30/31 (Call 10/30/30)		50		41,571
3.25%, 11/01/26 (Call 08/01/26)		80		76,267
4.38%, 11/01/46 (Call 05/01/46)		22		18,386
				3,695,102
Manufacturing — 0.2%
Carlisle Companies Inc.
2.75%, 03/01/30 (Call 12/01/29)		41		35,735
3.75%, 12/01/27 (Call 09/01/27)		64		60,750
Eaton Corp.
3.10%, 09/15/27 (Call 06/15/27)		115		108,316
3.92%, 09/15/47 (Call 03/15/47)		20		15,910
4.00%, 11/02/32		40		37,124
4.15%, 03/15/33 (Call 12/15/32)		80		74,561
4.15%, 11/02/42		60		51,225
4.70%, 08/23/52 (Call 02/23/52)		45		40,653
Enpro Inc., 5.75%, 10/15/26 (Call 07/01/24)		25		24,751
Gates Global LLC/Gates Corp., 6.25%, 01/15/26
(Call 06/04/24)(b)		30		30,000
Hillenbrand Inc.
3.75%, 03/01/31 (Call 03/01/26)		25		21,508
5.00%, 09/15/26 (Call 07/15/26)		21		20,525
5.75%, 06/15/25 (Call 06/11/24)		20		19,930

	Par
Security		(000)		Value
Manufacturing (continued)
6.25%, 02/15/29 (Call 02/15/26)	$	26	$	25,913
Illinois Tool Works Inc.
2.65%, 11/15/26 (Call 08/15/26)		75		70,957
3.90%, 09/01/42 (Call 03/01/42)		53		44,020
4.88%, 09/15/41 (Call 03/15/41)		67		63,330
Parker-Hannifin Corp.
3.25%, 03/01/27 (Call 12/01/26)		10		9,528
3.25%, 06/14/29 (Call 03/14/29)		81		74,103
4.00%, 06/14/49 (Call 12/14/48)		55		43,116
4.10%, 03/01/47 (Call 09/01/46)(b)		35		27,913
4.20%, 11/21/34 (Call 05/21/34)		56		51,273
4.45%, 11/21/44 (Call 05/21/44)		30		25,663
Pentair Finance Sarl, 4.50%, 07/01/29 (Call 04/01/29)		45		43,360
Teledyne Technologies Inc.
1.60%, 04/01/26 (Call 03/01/26)		80		74,585
2.25%, 04/01/28 (Call 02/01/28)		120		107,078
Trinity Industries Inc., 7.75%, 07/15/28
(Call 07/15/25)(b)		25		25,759
				1,227,586
Media — 1.7%
Belo Corp.
7.25%, 09/15/27		15		15,027
7.75%, 06/01/27		15		15,369
Cable One Inc., 4.00%, 11/15/30 (Call 11/15/25)(b)(c)		40		29,840
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/31 (Call 07/01/25)(b)		200		161,203
4.25%, 01/15/34 (Call 01/15/28)(b)		115		85,972
4.50%, 08/15/30 (Call 02/15/25)(b)		200		166,072
4.50%, 05/01/32 (Call 05/01/26)		170		134,845
4.50%, 06/01/33 (Call 06/01/27)(b)		100		77,158
4.75%, 03/01/30 (Call 09/01/24)(b)		200		170,313
4.75%, 02/01/32 (Call 02/01/27)(b)		70		56,360
5.00%, 02/01/28 (Call 06/17/24)(b)		200		184,654
5.13%, 05/01/27 (Call 07/01/24)(b)		185		176,689
5.38%, 06/01/29 (Call 07/01/24)(b)		95		85,114
6.38%, 09/01/29 (Call 09/01/25)(b)		75		70,152
7.38%, 03/01/31 (Call 03/01/26)(b)(c)		55		53,218
Charter Communications Operating LLC/Charter
Communications Operating Capital
2.30%, 02/01/32 (Call 11/01/31)		45		34,464
2.80%, 04/01/31 (Call 01/01/31)		10		8,159
3.50%, 06/01/41 (Call 12/01/40)		165		110,653
3.85%, 04/01/61 (Call 10/01/60)		365		214,770
3.90%, 06/01/52 (Call 12/01/51)		550		345,432
3.95%, 06/30/62 (Call 12/30/61)		100		59,447
4.20%, 03/15/28 (Call 12/15/27)		175		164,549
4.40%, 04/01/33 (Call 01/01/33)		95		83,406
4.80%, 03/01/50 (Call 09/01/49)		75		55,247
4.91%, 07/23/25 (Call 04/23/25)		62		61,418
5.05%, 03/30/29 (Call 12/30/28)		145		138,965
5.38%, 05/01/47 (Call 11/01/46)		15		12,033
5.75%, 04/01/48 (Call 10/01/47)		75		62,998
6.15%, 11/10/26 (Call 10/10/26)		5		5,038
6.38%, 10/23/35 (Call 04/23/35)		195		190,225
6.48%, 10/23/45 (Call 04/23/45)		400		368,707
6.65%, 02/01/34 (Call 11/01/33)		20		20,233
6.83%, 10/23/55 (Call 04/23/55)		20		18,977
Comcast Corp.
1.50%, 02/15/31 (Call 11/15/30)		200		159,155
1.95%, 01/15/31 (Call 10/15/30)		210		172,292
2.45%, 08/15/52 (Call 02/15/52)		105		58,702

 23

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Media (continued)
2.65%, 02/01/30 (Call 11/01/29)	$	145	$	127,339
2.65%, 08/15/62 (Call 02/15/62)		90		48,768
2.80%, 01/15/51 (Call 07/15/50)		105		64,220
2.89%, 11/01/51 (Call 05/01/51)		300		186,556
2.94%, 11/01/56 (Call 05/01/56)		420		252,341
2.99%, 11/01/63 (Call 05/01/63)		250		145,902
3.15%, 03/01/26 (Call 12/01/25)		55		53,154
3.15%, 02/15/28 (Call 11/15/27)		60		56,139
3.20%, 07/15/36 (Call 01/15/36)		15		12,038
3.25%, 11/01/39 (Call 05/01/39)		80		61,047
3.30%, 02/01/27 (Call 11/01/26)		120		114,860
3.30%, 04/01/27 (Call 02/01/27)		50		47,696
3.40%, 04/01/30 (Call 01/01/30)		205		187,013
3.40%, 07/15/46 (Call 01/15/46)		75		54,040
3.45%, 02/01/50 (Call 08/01/49)		165		116,247
3.55%, 05/01/28 (Call 02/01/28)		40		37,857
3.75%, 04/01/40 (Call 10/01/39)		120		97,396
3.90%, 03/01/38 (Call 09/01/37)		100		84,473
3.95%, 10/15/25 (Call 08/15/25)		180		176,682
3.97%, 11/01/47 (Call 05/01/47)		115		89,519
4.00%, 08/15/47 (Call 02/15/47)		15		11,748
4.00%, 03/01/48 (Call 09/01/47)		75		58,861
4.00%, 11/01/49 (Call 05/01/49)		145		112,309
4.05%, 11/01/52 (Call 05/01/52)		80		61,978
4.15%, 10/15/28 (Call 07/15/28)		315		304,105
4.20%, 08/15/34 (Call 02/15/34)		60		54,689
4.25%, 10/15/30 (Call 07/15/30)		100		95,159
4.25%, 01/15/33		165		153,224
4.40%, 08/15/35 (Call 02/15/35)		40		36,760
4.60%, 10/15/38 (Call 04/15/38)		35		31,799
4.70%, 10/15/48 (Call 04/15/48)		105		92,776
4.80%, 05/15/33 (Call 02/15/33)		125		120,844
4.95%, 10/15/58 (Call 04/15/58)		70		62,215
5.25%, 11/07/25		140		139,962
5.35%, 11/15/27 (Call 10/15/27)		5		5,050
5.35%, 05/15/53 (Call 11/15/52)		55		52,407
5.50%, 05/15/64 (Call 11/15/63)		50		47,790
6.50%, 11/15/35		135		146,464
7.05%, 03/15/33		30		33,403
Discovery Communications LLC
3.63%, 05/15/30 (Call 02/15/30)		80		70,377
3.95%, 06/15/25 (Call 03/15/25)		40		39,180
3.95%, 03/20/28 (Call 12/20/27)		125		117,169
4.00%, 09/15/55 (Call 03/15/55)		86		54,623
4.13%, 05/15/29 (Call 02/15/29)		50		46,108
4.65%, 05/15/50 (Call 11/15/49)		62		45,788
4.88%, 04/01/43		59		47,274
4.90%, 03/11/26 (Call 12/11/25)		60		59,223
5.00%, 09/20/37 (Call 03/20/37)		40		34,676
5.20%, 09/20/47 (Call 03/20/47)		77		62,313
5.30%, 05/15/49 (Call 11/15/48)		58		47,045
6.35%, 06/01/40		40		38,729
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)(b)(c)		45		25,588
5.38%, 11/15/31 (Call 11/15/26)(b)		73		40,466
5.88%, 07/15/26 (Call 07/01/24)(b)		40		39,945
7.00%, 05/15/27 (Call 06/11/24)(b)(c)		40		35,330
10.50%, 07/15/29 (Call 07/15/26)(b)		36		35,754
Grupo Televisa SAB, 6.13%, 01/31/46 (Call 07/31/45)		200		193,017
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 07/01/24)(b)(c)		30		15,905

	Par
Security		(000)		Value
Media (continued)
5.25%, 08/15/27 (Call 06/17/24)(b)(c)	$	45	$	24,862
6.38%, 05/01/26 (Call 06/17/24)		45		34,329
8.38%, 05/01/27 (Call 06/17/24)(c)		50		17,981
NBCUniversal Media LLC, 4.45%, 01/15/43		120		103,303
Nexstar Media Inc.
4.75%, 11/01/28 (Call 06/11/24)(b)		60		52,974
5.63%, 07/15/27 (Call 06/11/24)(b)		105		99,097
Scripps Escrow II Inc.
3.88%, 01/15/29 (Call 07/01/24)(b)		35		22,501
5.38%, 01/15/31 (Call 01/15/26)(b)		25		10,225
Scripps Escrow Inc., 5.88%, 07/15/27
(Call 07/01/24)(b)(c)		25		16,167
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 07/01/24)(b)		60		56,239
3.88%, 09/01/31 (Call 09/01/26)(b)		85		67,907
4.00%, 07/15/28 (Call 07/15/24)(b)		165		147,683
4.13%, 07/01/30 (Call 07/01/25)(b)		85		71,263
5.00%, 08/01/27 (Call 07/01/24)(b)		85		80,790
5.50%, 07/01/29 (Call 07/01/24)(b)		75		69,739
Sky Group Finance Ltd., 6.50%, 10/15/35(b)		40		42,936
TEGNA Inc.
4.63%, 03/15/28 (Call 07/01/24)(c)		60		54,440
4.75%, 03/15/26 (Call 07/01/24)(b)		31		30,055
5.00%, 09/15/29 (Call 09/15/24)		60		52,692
Thomson Reuters Corp.
3.35%, 05/15/26 (Call 02/15/26)		26		24,992
5.50%, 08/15/35		25		24,971
5.65%, 11/23/43 (Call 05/23/43)		25		24,537
5.85%, 04/15/40		27		27,858
Time Warner Cable Enterprises LLC, 8.38%, 07/15/33		65		71,847
Time Warner Cable LLC
4.50%, 09/15/42 (Call 03/15/42)		10		7,324
5.50%, 09/01/41 (Call 03/01/41)		270		225,240
6.55%, 05/01/37		10		9,469
7.30%, 07/01/38		170		171,665
VZ Secured Financing BV, 5.00%, 01/15/32
(Call 01/15/27)(b)		85		72,182
Ziggo Bond Co. BV
5.13%, 02/28/30 (Call 02/15/25)(b)		30		25,596
6.00%, 01/15/27 (Call 07/01/24)(b)		25		24,535
Ziggo BV, 4.88%, 01/15/30 (Call 10/15/24)(b)		60		53,460
				10,329,055
Metal Fabricate & Hardware — 0.0%
Advanced Drainage Systems Inc.
5.00%, 09/30/27 (Call 06/17/24)(b)		25		24,180
6.38%, 06/15/30 (Call 07/15/25)(b)		30		30,054
Timken Co. (The), 4.50%, 12/15/28 (Call 09/15/28)		30		29,051
Valmont Industries Inc., 5.00%, 10/01/44
(Call 04/01/44)		37		32,457
				115,742
Mining — 0.2%
Antofagasta PLC, 5.63%, 05/13/32(d)		200		197,661
Century Aluminum Co., 7.50%, 04/01/28
(Call 07/01/24)(b)(c)		15		15,034
Coeur Mining Inc., 5.13%, 02/15/29 (Call 07/01/24)(b)		20		18,713
Compass Minerals International Inc., 6.75%, 12/01/27
(Call 06/11/24)(b)		30		28,692
Constellium SE
3.75%, 04/15/29 (Call 06/11/24)(b)		30		26,973

24

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

	Par
Security		(000)		Value
Mining (continued)
5.63%, 06/15/28 (Call 06/11/24)(b)	$	20	$	19,441
5.88%, 02/15/26 (Call 07/01/24)(b)		20		19,890
Hecla Mining Co., 7.25%, 02/15/28 (Call 06/17/24)		30		30,231
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)(b)		30		26,595
4.63%, 03/01/28 (Call 07/01/24)(b)		30		27,905
Kinross Gold Corp., 4.50%, 07/15/27 (Call 04/15/27)		105		101,961
New Gold Inc., 7.50%, 07/15/27 (Call 07/02/24)(b)		25		25,142
Newmont Corp.
2.60%, 07/15/32 (Call 04/15/32)		60		49,584
4.88%, 03/15/42 (Call 09/15/41)		150		137,239
6.25%, 10/01/39		50		52,902
Newmont Corp./Newcrest Finance Pty Ltd.
3.25%, 05/13/30 (Call 02/13/30)(b)		105		94,100
4.20%, 05/13/50 (Call 11/13/49)(b)		30		24,206
5.35%, 03/15/34 (Call 12/15/33)(b)		50		49,692
Northern Star Resources Ltd., 6.13%, 04/11/33
(Call 01/11/33)(b)		30		30,067
Perenti Finance Pty Ltd.
6.50%, 10/07/25 (Call 06/14/24)(b)		14		14,050
7.50%, 04/26/29 (Call 04/26/26)(b)		25		25,470
Taseko Mines Ltd., 8.25%, 05/01/30 (Call 11/01/26)(b)		30		30,751
Yamana Gold Inc., 2.63%, 08/15/31 (Call 05/15/31)		50		41,518
				1,087,817
Multi-National — 0.0%
African Development Bank, 4.13%, 02/25/27		10		9,827
Office & Business Equipment — 0.1%
CDW LLC/CDW Finance Corp.
2.67%, 12/01/26 (Call 11/01/26)		89		83,007
3.25%, 02/15/29 (Call 07/01/24)		45		40,647
3.28%, 12/01/28 (Call 10/01/28)		60		54,187
3.57%, 12/01/31 (Call 09/01/31)		55		47,587
4.25%, 04/01/28 (Call 07/01/24)		50		47,543
Pitney Bowes Inc.
6.88%, 03/15/27 (Call 06/11/24)(b)(c)		25		23,199
7.25%, 03/15/29 (Call 06/11/24)(b)(c)		20		17,852
Xerox Corp.
4.80%, 03/01/35		15		10,576
6.75%, 12/15/39		22		18,023
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)(b)		32		31,329
5.50%, 08/15/28 (Call 07/15/28)(b)		40		35,152
8.88%, 11/30/29 (Call 11/30/26)(b)		30		29,023
				438,125
Office Furnishings — 0.0%
Interface Inc., 5.50%, 12/01/28 (Call 06/17/24)(b)		20		18,874
Steelcase Inc., 5.13%, 01/18/29 (Call 10/18/28)		27		25,506
				44,380
Packaging & Containers — 0.3%
AptarGroup Inc., 3.60%, 03/15/32 (Call 12/15/31)		10		8,685
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)		80		67,585
3.13%, 09/15/31 (Call 06/15/31)		50		42,018
6.00%, 06/15/29 (Call 05/15/26)		65		65,128
6.88%, 03/15/28 (Call 11/15/24)		40		40,821
Berry Global Inc.
1.57%, 01/15/26 (Call 12/15/25)		125		117,093
4.50%, 02/15/26 (Call 07/01/24)(b)(c)		20		19,484
5.63%, 07/15/27 (Call 07/01/24)(b)		30		29,613

	Par
Security		(000)		Value
Packaging & Containers (continued)
5.65%, 01/15/34 (Call 10/15/33)(b)	$	65	$	63,421
Brambles USA Inc., 4.13%, 10/23/25
(Call 07/25/25)(b)		60		58,691
Cascades Inc./Cascades USA Inc.
5.13%, 01/15/26 (Call 07/05/24)(b)		15		14,754
5.38%, 01/15/28 (Call 07/05/24)(b)		27		25,757
Clearwater Paper Corp., 4.75%, 08/15/28
(Call 06/17/24)(b)		20		18,653
Crown Americas LLC, 5.25%, 04/01/30
(Call 01/01/30)		30		28,932
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)		15		14,425
Crown Cork & Seal Co. Inc., 7.38%, 12/15/26		20		20,687
OI European Group BV, 4.75%, 02/15/30
(Call 11/15/24)(b)(c)		25		22,889
Owens-Brockway Glass Container Inc.
6.63%, 05/13/27 (Call 07/01/24)(b)		35		34,787
7.25%, 05/15/31 (Call 05/15/26)(b)		40		40,004
Packaging Corp. of America
3.05%, 10/01/51 (Call 04/01/51)		105		68,563
3.40%, 12/15/27 (Call 09/15/27)		10		9,445
Sealed Air Corp.
1.57%, 10/15/26 (Call 09/15/26)(b)		115		104,853
4.00%, 12/01/27 (Call 09/01/27)(b)		25		23,433
5.00%, 04/15/29 (Call 04/15/25)(b)		25		23,717
5.50%, 09/15/25 (Call 06/15/25)(b)		25		24,879
6.88%, 07/15/33(b)		25		25,821
Sealed Air Corp./Sealed Air Corp. U.S.
6.13%, 02/01/28 (Call 02/01/25)(b)		45		44,661
7.25%, 02/15/31 (Call 11/15/26)(b)		20		20,559
Smurfit Kappa Treasury ULC, 5.44%, 04/03/34
(Call 01/03/34)(b)		200		196,562
Sonoco Products Co.
2.25%, 02/01/27 (Call 01/01/27)		10		9,239
2.85%, 02/01/32 (Call 11/01/31)		5		4,176
3.13%, 05/01/30 (Call 02/01/30)		75		66,290
TriMas Corp., 4.13%, 04/15/29 (Call 07/01/24)(b)		25		22,664
Trivium Packaging Finance BV
5.50%, 08/15/26 (Call 07/01/24)(b)		60		59,133
8.50%, 08/15/27 (Call 06/11/24)(b)		40		39,844
WestRock MWV LLC, 8.20%, 01/15/30		20		22,588
WRKCo Inc.
3.00%, 06/15/33 (Call 03/15/33)		50		41,651
3.38%, 09/15/27 (Call 06/15/27)		10		9,430
3.90%, 06/01/28 (Call 03/01/28)		25		23,715
4.00%, 03/15/28 (Call 12/15/27)		60		57,349
4.20%, 06/01/32 (Call 03/01/32)		20		18,551
4.65%, 03/15/26 (Call 01/15/26)		155		152,676
4.90%, 03/15/29 (Call 12/15/28)		40		39,525
				1,842,751
Pharmaceuticals — 0.3%
180 Medical Inc., 3.88%, 10/15/29 (Call 10/07/24)(b)		35		31,473
AdaptHealth LLC
4.63%, 08/01/29 (Call 07/01/24)(b)		30		25,720
5.13%, 03/01/30 (Call 03/01/25)(b)		35		30,545
6.13%, 08/01/28 (Call 06/11/24)(b)		20		19,140
Bausch Health Americas Inc.
8.50%, 01/31/27 (Call 07/02/24)(b)(c)		40		29,133
9.25%, 04/01/26 (Call 07/01/24)(b)		45		42,086
Bausch Health Companies Inc.
4.88%, 06/01/28 (Call 07/02/24)(b)(c)		95		68,759

 25

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Pharmaceuticals (continued)
5.00%, 01/30/28 (Call 06/17/24)(b)(c)	$	25	$	14,106
5.00%, 02/15/29 (Call 06/11/24)(b)(c)		25		12,213
5.25%, 01/30/30 (Call 01/30/25)(b)(c)		50		25,492
5.25%, 02/15/31 (Call 02/15/26)(b)(c)		30		15,279
5.50%, 11/01/25 (Call 07/02/24)(b)		90		84,951
5.75%, 08/15/27 (Call 06/17/24)(b)		30		22,540
6.13%, 02/01/27 (Call 07/02/24)(b)(c)		55		45,668
6.25%, 02/15/29 (Call 06/11/24)(b)(c)		50		27,034
7.25%, 05/30/29 (Call 06/17/24)(b)		20		11,101
9.00%, 12/15/25 (Call 07/02/24)(b)		55		52,396
11.00%, 09/30/28(b)		125		109,043
14.00%, 10/15/30 (Call 10/15/25)(b)		20		15,263
Elanco Animal Health Inc., 6.65%, 08/28/28
(Call 05/28/28)		45		45,413
Grifols SA, 4.75%, 10/15/28 (Call 10/15/24)(b)		45		38,945
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%,
09/01/25 (Call 07/04/24)(b)		17		16,546
HLF Financing SARL LLC/Herbalife International Inc.
4.88%, 06/01/29 (Call 07/01/24)(b)		35		22,742
12.25%, 04/15/29 (Call 04/15/26)(b)		50		49,209
Jazz Securities DAC, 4.38%, 01/15/29
(Call 07/15/24)(b)		85		78,264
Novartis Capital Corp.
2.20%, 08/14/30 (Call 05/14/30)		110		94,656
3.10%, 05/17/27 (Call 02/17/27)		185		176,624
4.40%, 05/06/44		210		186,645
Option Care Health Inc., 4.38%, 10/31/29
(Call 10/31/24)(b)		30		27,330
Organon & Co./Organon Foreign Debt Co.-Issuer BV
4.13%, 04/30/28 (Call 07/01/24)(b)		120		110,837
5.13%, 04/30/31 (Call 04/30/26)(b)		120		105,994
Organon & Co./Organon Foreign Debt Co-Issuer BV,
7.88%, 05/15/34 (Call 05/15/29)(b)		50		50,815
Owens & Minor Inc.
4.50%, 03/31/29 (Call 07/01/24)(b)(c)		30		26,389
6.63%, 04/01/30 (Call 04/01/25)(b)(c)		30		28,578
Perrigo Finance Unlimited Co.
4.38%, 03/15/26 (Call 12/15/25)		40		38,631
4.65%, 06/15/30 (Call 03/15/30)		45		41,382
4.90%, 12/15/44 (Call 06/15/44)		20		15,832
Zoetis Inc.
3.00%, 09/12/27 (Call 06/12/27)		55		51,392
3.00%, 05/15/50 (Call 11/15/49)		55		35,959
3.90%, 08/20/28 (Call 05/20/28)		30		28,562
3.95%, 09/12/47 (Call 03/12/47)		48		37,689
4.45%, 08/20/48 (Call 02/20/48)		30		25,509
4.50%, 11/13/25 (Call 08/13/25)		70		69,068
4.70%, 02/01/43 (Call 08/01/42)		70		62,471
				2,147,424
Private Equity — 0.0%
Apollo Management Holdings LP, 4.87%, 02/15/29
(Call 11/15/28)(b)(c)		25		24,583
Carlyle Finance LLC, 5.65%, 09/15/48
(Call 03/15/48)(b)		25		23,845
Carlyle Finance Subsidiary LLC, 3.50%, 09/19/29
(Call 06/19/29)(b)		65		59,372
Carlyle Holdings II Finance LLC, 5.63%, 03/30/43(b)		40		38,266
				146,066

Security	Par  (000)		Value
Real Estate — 0.3%
Anywhere Real Estate Group LLC/Anywhere
Co-Issuer Corp., 7.00%, 04/15/30 (Call 04/15/25)(b)	$	34	$	29,695
Anywhere Real Estate Group LLC/Realogy
Co-Issuer Corp.
5.25%, 04/15/30 (Call 04/15/25)(b)(c)		28		18,340
5.75%, 01/15/29 (Call 06/17/24)(b)(c)		33		22,649
CBRE Services Inc.
2.50%, 04/01/31 (Call 01/01/31)(c)		35		28,870
4.88%, 03/01/26 (Call 12/01/25)		65		64,172
5.50%, 04/01/29 (Call 03/01/29)		50		49,966
China Overseas Finance Cayman VI Ltd., 6.45%,
06/11/34(d)		200		204,548
Corp. Inmobiliaria Vesta SAB de CV, 3.63%, 05/13/31
(Call 02/13/31)(d)		200		170,429
Cushman & Wakefield U.S. Borrower LLC
6.75%, 05/15/28 (Call 07/01/24)(b)		40		39,766
8.88%, 09/01/31 (Call 09/01/26)(b)(c)		25		26,311
HAT Holdings I LLC/HAT Holdings II LLC, 8.00%,
06/15/27 (Call 03/15/27)(b)		40		41,470
Hongkong Land Finance Cayman Islands Co. Ltd.
(The), 2.88%, 05/27/30 (Call 02/27/30)(d)		200		173,406
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 06/17/24)(b)		40		35,532
4.38%, 02/01/31 (Call 02/01/26)(b)		40		34,090
5.38%, 08/01/28 (Call 07/01/24)(b)		45		42,614
Hysan MTN Ltd., 2.88%, 06/02/27 (Call 03/02/27)(d)		200		183,286
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 07/01/24)		35		29,772
4.75%, 02/01/30 (Call 09/01/24)		35		28,738
5.00%, 03/01/31 (Call 03/01/26)		35		27,851
MAF Sukuk Ltd., 3.93%, 02/28/30(d)		200		184,744
Ontario Teachers’ Cadillac Fairview Properties Trust,
4.13%, 02/01/29 (Call 11/01/28)(b)		35		32,894
Sun Hung Kai Properties Capital Market Ltd., 2.75%,
05/13/30 (Call 02/13/30)(d)		200		173,625
Swire Properties MTN Financing Ltd., 3.50%,
01/10/28(d)		200		187,859
				1,830,627
Real Estate Investment Trusts — 2.2%
Agree LP
2.00%, 06/15/28 (Call 04/15/28)		5		4,380
2.60%, 06/15/33 (Call 03/15/33)		50		39,007
5.63%, 06/15/34 (Call 03/15/34)		50		49,200
Alexandria Real Estate Equities Inc.
2.00%, 05/18/32 (Call 02/18/32)		85		66,229
2.75%, 12/15/29 (Call 09/15/29)		30		26,239
2.95%, 03/15/34 (Call 12/15/33)		110		88,642
3.00%, 05/18/51 (Call 11/18/50)		82		49,516
3.38%, 08/15/31 (Call 05/15/31)		60		52,691
3.55%, 03/15/52 (Call 09/15/51)		45		30,244
3.80%, 04/15/26 (Call 02/15/26)		90		87,205
3.95%, 01/15/27 (Call 10/15/26)		53		51,013
4.00%, 02/01/50 (Call 08/01/49)		45		33,193
4.30%, 01/15/26 (Call 10/15/25)		35		34,345
4.50%, 07/30/29 (Call 04/30/29)		50		47,989
4.70%, 07/01/30 (Call 04/01/30)		70		67,243
4.85%, 04/15/49 (Call 10/15/48)		25		21,158
4.90%, 12/15/30 (Call 09/15/30)		81		78,895
5.15%, 04/15/53 (Call 10/15/52)		30		26,456
5.63%, 05/15/54 (Call 11/15/53)		40		37,765

26

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Real Estate Investment Trusts (continued)
American Homes 4 Rent LP
2.38%, 07/15/31 (Call 04/15/31)	$	25	$	20,191
3.38%, 07/15/51 (Call 01/15/51)		20		12,923
3.63%, 04/15/32 (Call 01/15/32)		100		86,688
4.90%, 02/15/29 (Call 11/15/28)		15		14,576
5.50%, 02/01/34 (Call 11/01/33)		45		44,044
American Tower Corp.
1.30%, 09/15/25 (Call 08/15/25)		20		18,946
1.45%, 09/15/26 (Call 08/15/26)		50		45,716
1.50%, 01/31/28 (Call 11/30/27)		90		78,408
1.60%, 04/15/26 (Call 03/15/26)		55		51,224
1.88%, 10/15/30 (Call 07/15/30)		60		48,434
2.10%, 06/15/30 (Call 03/15/30)		69		57,354
2.30%, 09/15/31 (Call 06/15/31)		60		48,575
2.70%, 04/15/31 (Call 01/15/31)		50		42,051
2.75%, 01/15/27 (Call 11/15/26)		89		83,451
2.90%, 01/15/30 (Call 10/15/29)		70		61,340
2.95%, 01/15/51 (Call 07/15/50)		80		49,611
3.10%, 06/15/50 (Call 12/15/49)		50		32,054
3.13%, 01/15/27 (Call 10/15/26)		44		41,598
3.38%, 10/15/26 (Call 07/15/26)		89		84,919
3.55%, 07/15/27 (Call 04/15/27)		74		70,088
3.60%, 01/15/28 (Call 10/15/27)		104		97,767
3.70%, 10/15/49 (Call 04/15/49)		27		19,503
3.80%, 08/15/29 (Call 05/15/29)		86		79,562
3.95%, 03/15/29 (Call 12/15/28)		71		66,584
4.00%, 06/01/25 (Call 03/01/25)		49		48,224
4.40%, 02/15/26 (Call 11/15/25)		55		53,994
5.65%, 03/15/33 (Call 12/15/32)		100		100,210
5.80%, 11/15/28 (Call 10/15/28)		50		50,830
5.90%, 11/15/33 (Call 08/15/33)		50		51,097
Apollo Commercial Real Estate Finance Inc., 4.63%,
06/15/29 (Call 07/01/24)(b)		30		25,095
AvalonBay Communities Inc.
2.05%, 01/15/32 (Call 10/15/31)		75		60,980
2.45%, 01/15/31 (Call 10/17/30)		80		67,694
3.20%, 01/15/28 (Call 10/15/27)		5		4,681
3.35%, 05/15/27 (Call 02/15/27)		55		52,332
3.90%, 10/15/46 (Call 04/15/46)		40		31,192
4.15%, 07/01/47 (Call 01/01/47)		25		20,154
5.30%, 12/07/33 (Call 09/07/33)		30		29,668
Blackstone Mortgage Trust Inc., 3.75%, 01/15/27
(Call 10/15/26)(b)(c)		20		17,893
Boston Properties LP
2.45%, 10/01/33 (Call 07/01/33)		50		36,947
2.55%, 04/01/32 (Call 01/01/32)		65		50,642
2.75%, 10/01/26 (Call 07/01/26)		70		65,219
2.90%, 03/15/30 (Call 12/15/29)		65		54,982
3.25%, 01/30/31 (Call 10/30/30)		95		80,054
3.40%, 06/21/29 (Call 03/21/29)		80		70,805
3.65%, 02/01/26 (Call 11/03/25)		95		91,489
4.50%, 12/01/28 (Call 09/01/28)		55		51,763
6.50%, 01/15/34 (Call 10/15/33)(c)		55		55,884
Brandywine Operating Partnership LP
3.95%, 11/15/27 (Call 08/15/27)		30		27,040
4.55%, 10/01/29 (Call 07/01/29)(c)		25		21,782
8.05%, 03/15/28 (Call 02/15/28)		20		20,593
8.88%, 04/12/29 (Call 03/12/29)		25		25,911
Brixmor Operating Partnership LP
2.25%, 04/01/28 (Call 02/01/28)		43		38,136
2.50%, 08/16/31 (Call 05/16/31)		25		20,402

Security	Par  (000)		Value
Real Estate Investment Trusts (continued)
3.90%, 03/15/27 (Call 12/15/26)	$	50	$	47,762
4.05%, 07/01/30 (Call 04/01/30)		60		55,243
4.13%, 06/15/26 (Call 03/15/26)		32		31,066
4.13%, 05/15/29 (Call 02/15/29)		30		28,133
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LLC
4.50%, 04/01/27 (Call 07/01/24)(b)		45		41,713
5.75%, 05/15/26 (Call 06/11/24)(b)		55		54,002
Camden Property Trust
2.80%, 05/15/30 (Call 02/15/30)		31		27,178
3.15%, 07/01/29 (Call 04/01/29)		39		35,253
3.35%, 11/01/49 (Call 05/01/49)		30		20,808
4.10%, 10/15/28 (Call 07/15/28)		20		19,167
COPT Defense Properties LP
2.00%, 01/15/29 (Call 11/15/28)		40		33,858
2.25%, 03/15/26 (Call 02/15/26)		58		54,603
2.75%, 04/15/31 (Call 01/15/31)		40		32,925
2.90%, 12/01/33 (Call 09/01/33)		30		23,406
Crown Castle Inc.
1.05%, 07/15/26 (Call 06/15/26)		70		63,810
1.35%, 07/15/25 (Call 06/15/25)		70		66,730
2.10%, 04/01/31 (Call 01/01/31)		91		73,227
2.25%, 01/15/31 (Call 10/15/30)		72		58,964
2.50%, 07/15/31 (Call 04/15/31)		86		70,646
2.90%, 03/15/27 (Call 02/15/27)		15		14,025
2.90%, 04/01/41 (Call 10/01/40)		132		91,264
3.10%, 11/15/29 (Call 08/15/29)		55		48,862
3.25%, 01/15/51 (Call 07/15/50)		68		44,858
3.30%, 07/01/30 (Call 04/01/30)		67		59,274
3.65%, 09/01/27 (Call 06/01/27)		109		103,376
3.70%, 06/15/26 (Call 03/15/26)		120		115,772
3.80%, 02/15/28 (Call 11/15/27)		55		51,911
4.00%, 03/01/27 (Call 12/01/26)		25		24,073
4.00%, 11/15/49 (Call 05/15/49)		33		25,002
4.15%, 07/01/50 (Call 01/01/50)		50		38,794
4.30%, 02/15/29 (Call 11/15/28)		62		59,005
4.45%, 02/15/26 (Call 11/15/25)		77		75,613
5.80%, 03/01/34 (Call 12/01/33)		115		115,781
CubeSmart LP
2.50%, 02/15/32 (Call 11/15/31)		60		48,567
4.38%, 02/15/29 (Call 11/15/28)		50		47,641
Digital Realty Trust LP
3.60%, 07/01/29 (Call 04/01/29)		90		82,865
3.70%, 08/15/27 (Call 05/15/27)		155		147,566
4.45%, 07/15/28 (Call 04/15/28)		65		62,800
DOC DR LLC
2.63%, 11/01/31 (Call 08/01/31)		30		24,670
3.95%, 01/15/28 (Call 10/15/27)		10		9,539
4.30%, 03/15/27 (Call 12/15/26)		20		19,482
EPR Properties, 4.95%, 04/15/28 (Call 01/15/28)		20		19,114
Equinix Inc.
1.00%, 09/15/25 (Call 08/15/25)		40		37,695
1.25%, 07/15/25 (Call 06/15/25)		99		94,316
1.55%, 03/15/28 (Call 01/15/28)		60		52,248
1.80%, 07/15/27 (Call 05/15/27)		60		53,860
2.00%, 05/15/28 (Call 03/15/28)		45		39,557
2.15%, 07/15/30 (Call 04/15/30)		124		102,825
2.50%, 05/15/31 (Call 02/15/31)		20		16,596
2.90%, 11/18/26 (Call 09/18/26)		69		64,893
2.95%, 09/15/51 (Call 03/15/51)		50		30,769
3.00%, 07/15/50 (Call 01/15/50)		45		28,386

 27

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Real Estate Investment Trusts (continued)
3.20%, 11/18/29 (Call 08/18/29)	$	65	$	58,222
3.40%, 02/15/52 (Call 08/15/51)		10		6,779
3.90%, 04/15/32 (Call 01/15/32)		30		27,046
Federal Realty OP LP
1.25%, 02/15/26 (Call 01/15/26)		25		23,256
3.20%, 06/15/29 (Call 03/15/29)		60		54,100
3.25%, 07/15/27 (Call 04/15/27)		35		32,854
3.50%, 06/01/30 (Call 03/01/30)		45		40,558
4.50%, 12/01/44 (Call 06/01/44)		25		20,395
Goodman U.S. Finance Three LLC, 3.70%, 03/15/28
(Call 12/15/27)(b)(c)		55		51,020
HAT Holdings I LLC/HAT Holdings II LLC
3.38%, 06/15/26 (Call 03/15/26)(b)		60		56,359
3.75%, 09/15/30(b)(c)		25		21,657
Healthpeak OP LLC
1.35%, 02/01/27 (Call 01/01/27)		45		40,652
2.88%, 01/15/31 (Call 10/15/30)		61		52,297
3.00%, 01/15/30 (Call 10/15/29)		55		48,544
3.25%, 07/15/26 (Call 05/15/26)		40		38,195
3.50%, 07/15/29 (Call 04/15/29)		10		9,181
4.00%, 06/01/25 (Call 03/01/25)		25		24,565
5.25%, 12/15/32 (Call 09/15/32)		55		53,844
6.75%, 02/01/41 (Call 08/01/40)		34		37,131
Highwoods Realty LP
3.88%, 03/01/27 (Call 12/01/26)		35		33,070
7.65%, 02/01/34 (Call 11/01/33)		30		32,197
Host Hotels & Resorts LP
5.70%, 07/01/34 (Call 04/01/34)		40		39,204
Series F, 4.50%, 02/01/26 (Call 11/01/25)		52		50,916
Series H, 3.38%, 12/15/29 (Call 09/15/29)		72		63,962
Series I, 3.50%, 09/15/30 (Call 06/15/30)		72		63,507
Series J, 2.90%, 12/15/31 (Call 09/15/31)		15		12,449
Hudson Pacific Properties LP
3.25%, 01/15/30 (Call 10/15/29)		35		24,470
3.95%, 11/01/27 (Call 08/01/27)		20		17,180
4.65%, 04/01/29 (Call 01/01/29)		30		23,480
5.95%, 02/15/28 (Call 01/15/28)(c)		25		21,473
Invitation Homes Operating Partnership LP
2.00%, 08/15/31 (Call 05/15/31)		35		27,461
2.30%, 11/15/28 (Call 09/15/28)		30		26,402
4.15%, 04/15/32 (Call 01/15/32)		165		150,201
5.50%, 08/15/33 (Call 05/15/33)		10		9,864
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)(b)		65		57,911
4.88%, 09/15/27 (Call 06/11/24)(b)		57		55,006
4.88%, 09/15/29 (Call 09/15/24)(b)		60		55,658
5.00%, 07/15/28 (Call 06/11/24)(b)		30		28,414
5.25%, 03/15/28 (Call 06/11/24)(b)		45		43,323
5.25%, 07/15/30 (Call 07/15/25)(b)		75		70,039
5.63%, 07/15/32 (Call 07/15/26)(b)		35		32,646
7.00%, 02/15/29 (Call 08/15/25)(b)		110		111,475
Iron Mountain Information Management Services Inc.,
5.00%, 07/15/32 (Call 07/15/27)(b)		45		40,581
Kilroy Realty LP
2.50%, 11/15/32 (Call 08/15/32)		40		29,795
2.65%, 11/15/33 (Call 08/15/33)		35		25,583
3.05%, 02/15/30 (Call 11/15/29)		15		12,610
4.25%, 08/15/29 (Call 05/15/29)		55		49,605
4.38%, 10/01/25 (Call 07/01/25)		40		39,164
4.75%, 12/15/28 (Call 09/15/28)		30		28,315
6.25%, 01/15/36 (Call 10/15/35)		30		28,772

Security	Par  (000)		Value
Real Estate Investment Trusts (continued)
Kimco Realty OP LLC
1.90%, 03/01/28 (Call 01/01/28)	$	20	$	17,738
2.25%, 12/01/31 (Call 09/01/31)		30		23,864
2.70%, 10/01/30 (Call 07/01/30)		75		64,327
2.80%, 10/01/26 (Call 07/01/26)		19		17,942
3.20%, 04/01/32 (Call 01/01/32)		5		4,261
3.80%, 04/01/27 (Call 01/01/27)		35		33,627
4.13%, 12/01/46 (Call 06/01/46)		30		22,702
4.25%, 04/01/45 (Call 10/01/44)		30		23,803
4.60%, 02/01/33 (Call 11/01/32)		135		125,996
MPT Operating Partnership LP/MPT Finance Corp.
3.50%, 03/15/31 (Call 03/15/26)		75		48,681
4.63%, 08/01/29 (Call 08/01/24)		50		36,412
5.00%, 10/15/27 (Call 07/01/24)(c)		85		69,677
5.25%, 08/01/26 (Call 07/01/24)		30		27,205
NNN REIT Inc.
3.50%, 04/15/51 (Call 10/15/50)		75		52,120
4.30%, 10/15/28 (Call 07/15/28)		25		24,018
5.50%, 06/15/34 (Call 03/15/34)		30		29,602
5.60%, 10/15/33 (Call 07/15/33)		75		74,609
Omega Healthcare Investors Inc.
3.25%, 04/15/33 (Call 01/15/33)		60		48,066
3.38%, 02/01/31 (Call 11/01/30)		57		48,449
4.75%, 01/15/28 (Call 10/15/27)		50		48,099
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer
4.88%, 05/15/29 (Call 07/01/24)(b)		45		41,877
5.88%, 10/01/28 (Call 07/01/24)(b)		45		44,082
7.00%, 02/01/30 (Call 08/01/26)(b)		25		25,151
Piedmont Operating Partnership LP, 3.15%, 08/15/30
(Call 05/15/30)		15		11,851
Prologis LP
1.25%, 10/15/30 (Call 07/15/30)		35		27,719
1.63%, 03/15/31 (Call 12/15/30)		80		63,506
1.75%, 07/01/30 (Call 04/01/30)		49		40,165
2.13%, 04/15/27 (Call 02/15/27)		56		51,570
2.13%, 10/15/50 (Call 04/15/50)		42		22,456
2.25%, 04/15/30 (Call 01/15/30)		124		105,753
2.88%, 11/15/29 (Call 08/15/29)		39		34,920
3.00%, 04/15/50 (Call 10/15/49)		37		24,055
3.05%, 03/01/50 (Call 09/01/49)		42		27,456
3.25%, 06/30/26 (Call 03/30/26)		45		43,239
3.25%, 10/01/26 (Call 07/01/26)		55		52,563
3.38%, 12/15/27 (Call 09/15/27)		20		18,937
3.88%, 09/15/28 (Call 06/15/28)		50		47,708
4.00%, 09/15/28 (Call 06/15/28)		41		39,349
4.38%, 09/15/48 (Call 03/15/48)		45		37,472
4.63%, 01/15/33 (Call 10/15/32)		35		33,360
4.75%, 06/15/33 (Call 03/15/33)		50		47,965
5.13%, 01/15/34 (Call 10/15/33)		55		54,101
5.25%, 06/15/53 (Call 12/15/52)		50		47,147
5.25%, 03/15/54 (Call 09/15/53)		25		23,422
Public Storage Operating Co.
1.85%, 05/01/28 (Call 03/01/28)		20		17,691
2.30%, 05/01/31 (Call 02/01/31)		160		133,395
3.39%, 05/01/29 (Call 02/01/29)		50		46,490
5.10%, 08/01/33 (Call 05/01/33)		85		83,799
5.35%, 08/01/53 (Call 02/01/53)		30		28,917
Regency Centers LP
3.60%, 02/01/27 (Call 11/01/26)		95		91,114
3.70%, 06/15/30 (Call 03/15/30)		40		36,511

28

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Real Estate Investment Trusts (continued)
4.13%, 03/15/28 (Call 12/15/27)	$	5	$	4,796
4.40%, 02/01/47 (Call 08/01/46)		20		16,267
4.65%, 03/15/49 (Call 09/15/48)		35		29,135
Rexford Industrial Realty LP, 2.13%, 12/01/30
(Call 09/01/30)		5		4,063
RHP Hotel Properties LP/RHP Finance Corp.
4.50%, 02/15/29 (Call 07/01/24)(b)		35		32,564
4.75%, 10/15/27 (Call 07/01/24)		40		38,359
6.50%, 04/01/32 (Call 04/01/27)(b)		60		59,623
7.25%, 07/15/28 (Call 07/15/25)(b)		25		25,538
Sabra Health Care LP
3.20%, 12/01/31 (Call 09/01/31)		40		32,928
3.90%, 10/15/29 (Call 07/15/29)		5		4,469
SBA Communications Corp.
3.13%, 02/01/29 (Call 07/01/24)		90		79,348
3.88%, 02/15/27 (Call 06/11/24)		90		85,200
Scentre Group Trust 1/Scentre Group Trust 2
3.25%, 10/28/25 (Call 07/30/25)(b)		75		72,623
3.63%, 01/28/26 (Call 12/28/25)(b)		105		101,765
3.75%, 03/23/27 (Call 12/23/26)(b)		30		28,616
4.38%, 05/28/30 (Call 02/28/30)(b)		70		66,279
Scentre Group Trust 2, 5.13%, 09/24/80
(Call 06/24/30), (5-year CMT + 4.685%)(a)(b)		35		32,083
Simon Property Group LP
1.75%, 02/01/28 (Call 11/01/27)		95		84,265
2.45%, 09/13/29 (Call 06/13/29)		272		237,081
2.65%, 07/15/30 (Call 04/15/30)		60		51,937
2.65%, 02/01/32 (Call 12/01/31)		50		41,528
3.25%, 11/30/26 (Call 08/30/26)		45		42,940
3.25%, 09/13/49 (Call 03/13/49)		95		63,817
3.30%, 01/15/26 (Call 10/15/25)		265		256,420
3.38%, 12/01/27 (Call 09/01/27)		70		66,126
3.80%, 07/15/50 (Call 01/15/50)		115		84,777
4.25%, 10/01/44 (Call 04/01/44)		5		4,057
5.85%, 03/08/53 (Call 09/03/52)		5		4,963
6.75%, 02/01/40 (Call 11/01/39)		85		92,676
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)(b)		25		23,228
4.38%, 01/15/27 (Call 07/15/26)(b)		30		28,105
7.25%, 04/01/29 (Call 10/01/28)(b)		30		29,855
Tanger Properties LP, 2.75%, 09/01/31
(Call 06/01/31)		30		24,381
Uniti Group LP/Uniti Fiber Holdings Inc./CSL
Capital LLC, 6.00%, 01/15/30 (Call 01/15/25)(b)(c)		40		27,122
Uniti Group LP/Uniti Group Finance Inc./CSL
Capital LLC
4.75%, 04/15/28 (Call 06/11/24)(b)		35		28,878
6.50%, 02/15/29 (Call 06/11/24)(b)(c)		65		45,094
10.50%, 02/15/28 (Call 09/15/25)(b)		200		200,076
Ventas Realty LP
3.00%, 01/15/30 (Call 10/15/29)		35		30,649
3.25%, 10/15/26 (Call 07/15/26)		35		33,078
3.85%, 04/01/27 (Call 01/01/27)		47		45,050
4.00%, 03/01/28 (Call 12/01/27)		27		25,670
4.13%, 01/15/26 (Call 10/15/25)		70		68,346
4.38%, 02/01/45 (Call 08/01/44)		20		15,873
4.40%, 01/15/29 (Call 10/15/28)		57		54,534
4.75%, 11/15/30 (Call 08/15/30)		12		11,444
4.88%, 04/15/49 (Call 10/15/48)		17		14,444
5.63%, 07/01/34 (Call 04/01/34)		30		29,559
5.70%, 09/30/43 (Call 03/30/43)		35		33,370

Security	Par  (000)		Value
Real Estate Investment Trusts (continued)
WEA Finance LLC
2.88%, 01/15/27 (Call 11/15/26)(b)	$	70	$	64,630
3.50%, 06/15/29 (Call 03/15/29)(b)		55		48,781
4.13%, 09/20/28 (Call 06/20/28)(b)		35		32,341
4.63%, 09/20/48 (Call 03/20/48)(b)(c)		45		32,265
WEA Finance LLC/Westfield U.K. & Europe Finance
PLC, 4.75%, 09/17/44 (Call 03/17/44)(b)		10		7,540
Welltower OP LLC
2.05%, 01/15/29 (Call 11/15/28)		60		52,072
2.75%, 01/15/31 (Call 10/15/30)		60		51,320
2.75%, 01/15/32 (Call 10/15/31)		35		29,220
2.80%, 06/01/31 (Call 03/01/31)		55		46,721
4.00%, 06/01/25 (Call 03/01/25)		225		221,916
4.13%, 03/15/29 (Call 12/15/28)		75		71,211
4.25%, 04/15/28 (Call 01/15/28)		35		33,680
4.95%, 09/01/48 (Call 03/01/48)		25		22,444
6.50%, 03/15/41 (Call 09/15/40)		35		37,710
WP Carey Inc.
2.25%, 04/01/33 (Call 01/01/33)		90		68,495
2.40%, 02/01/31 (Call 11/01/30)		40		33,186
2.45%, 02/01/32 (Call 11/01/31)		20		16,039
3.85%, 07/15/29 (Call 04/15/29)		20		18,544
4.25%, 10/01/26 (Call 07/01/26)		35		33,998
XHR LP
4.88%, 06/01/29 (Call 07/01/24)(b)		30		27,636
6.38%, 08/15/25 (Call 06/11/24)(b)		30		29,976
				13,901,254
Retail — 1.4%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 06/11/24)(b)		40		36,063
3.88%, 01/15/28 (Call 07/01/24)(b)		95		88,220
4.00%, 10/15/30 (Call 10/15/25)(b)		195		169,711
4.38%, 01/15/28 (Call 07/02/24)(b)		50		46,714
Advance Auto Parts Inc.
1.75%, 10/01/27 (Call 08/01/27)		42		36,301
3.50%, 03/15/32 (Call 12/15/31)(c)		20		16,771
3.90%, 04/15/30 (Call 01/15/30)(c)		27		24,254
5.95%, 03/09/28 (Call 02/09/28)		25		24,760
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 06/11/24)		25		23,597
4.63%, 11/15/29 (Call 11/15/24)(b)(c)		47		43,227
4.75%, 03/01/30 (Call 03/01/25)		25		22,929
5.00%, 02/15/32 (Call 11/15/26)(b)		35		31,343
AutoNation Inc.
2.40%, 08/01/31 (Call 05/01/31)		70		55,939
3.80%, 11/15/27 (Call 08/15/27)		45		42,204
4.50%, 10/01/25 (Call 07/01/25)		15		14,758
4.75%, 06/01/30 (Call 03/01/30)		55		52,401
AutoZone Inc.
4.00%, 04/15/30 (Call 01/15/30)		25		23,425
4.75%, 08/01/32 (Call 05/01/32)		130		124,246
4.75%, 02/01/33 (Call 11/01/32)		20		19,039
6.25%, 11/01/28 (Call 10/01/28)		50		51,910
6.55%, 11/01/33 (Call 08/01/33)		55		59,091
Bath & Body Works Inc.
5.25%, 02/01/28(c)		40		38,935
6.63%, 10/01/30 (Call 10/01/25)(b)		60		60,048
6.75%, 07/01/36		50		49,775
6.88%, 11/01/35		60		60,522
6.95%, 03/01/33		20		19,550
7.50%, 06/15/29 (Call 07/01/24)(c)		25		25,775

 29

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Retail (continued)
Beacon Roofing Supply Inc.
4.13%, 05/15/29 (Call 07/01/24)(b)	$	20	$	18,117
4.50%, 11/15/26 (Call 07/01/24)(b)		15		14,536
6.50%, 08/01/30 (Call 08/01/26)(b)		35		35,085
Best Buy Co. Inc., 4.45%, 10/01/28 (Call 07/01/28)		45		43,661
BlueLinx Holdings Inc., 6.00%, 11/15/29
(Call 11/15/24)(b)		20		19,114
Brinker International Inc., 8.25%, 07/15/30
(Call 07/15/26)(b)		20		20,887
Carvana Co.
12.00%, 12/01/28 (Call 08/15/24),
(12.00% PIK)(b)(e)		50		52,255
13.00%, 06/01/30 (Call 08/15/25),
(13.00% PIK)(b)(e)		100		103,018
14.00%, 06/01/31 (Call 08/15/28),
(14.00% PIK)(b)(e)		125		131,709
Darden Restaurants Inc.
3.85%, 05/01/27 (Call 02/01/27)		10		9,577
6.30%, 10/10/33 (Call 07/10/33)		60		61,675
Dave & Buster's Inc., 7.63%, 11/01/25
(Call 07/01/24)(b)		31		31,176
Dollar General Corp.
3.50%, 04/03/30 (Call 01/03/30)		35		31,779
3.88%, 04/15/27 (Call 01/15/27)		65		62,581
4.13%, 05/01/28 (Call 02/01/28)		40		38,466
4.13%, 04/03/50 (Call 10/03/49)		55		41,669
4.15%, 11/01/25 (Call 08/01/25)		65		63,708
4.63%, 11/01/27 (Call 10/01/27)		55		53,753
5.45%, 07/05/33 (Call 04/05/33)		65		64,358
Foot Locker Inc., 4.00%, 10/01/29 (Call 10/01/24)(b)		25		20,725
Genuine Parts Co.
1.88%, 11/01/30 (Call 08/01/30)		30		24,209
6.88%, 11/01/33 (Call 08/01/33)		80		87,710
Group 1 Automotive Inc., 4.00%, 08/15/28
(Call 07/01/24)(b)		46		41,987
GYP Holdings III Corp., 4.63%, 05/01/29
(Call 07/01/24)(b)		20		18,464
Home Depot Inc. (The)
0.90%, 03/15/28 (Call 01/15/28)		135		116,837
1.38%, 03/15/31 (Call 12/15/30)		110		86,983
1.50%, 09/15/28 (Call 07/15/28)		70		60,859
1.88%, 09/15/31 (Call 06/15/31)		20		16,171
2.13%, 09/15/26 (Call 06/15/26)		100		93,764
2.38%, 03/15/51 (Call 09/15/50)		95		54,039
2.70%, 04/15/30 (Call 01/15/30)		109		96,188
2.75%, 09/15/51 (Call 03/15/51)		55		33,898
2.88%, 04/15/27 (Call 03/15/27)		100		94,457
2.95%, 06/15/29 (Call 03/15/29)		120		109,344
3.13%, 12/15/49 (Call 06/15/49)		105		70,910
3.25%, 04/15/32 (Call 01/15/32)		40		35,230
3.30%, 04/15/40 (Call 10/15/39)		125		96,990
3.35%, 09/15/25 (Call 06/15/25)		100		97,702
3.35%, 04/15/50 (Call 10/15/49)		100		70,358
3.50%, 09/15/56 (Call 03/15/56)		45		31,615
3.63%, 04/15/52 (Call 10/15/51)		85		62,343
3.90%, 12/06/28 (Call 09/06/28)		125		120,227
3.90%, 06/15/47 (Call 12/15/46)		115		90,351
4.00%, 09/15/25 (Call 08/15/25)		60		59,077
4.20%, 04/01/43 (Call 10/01/42)		20		16,912
4.40%, 03/15/45 (Call 09/15/44)		70		60,175
4.50%, 12/06/48 (Call 06/06/48)		105		90,164

Security	Par  (000)		Value
Retail (continued)
4.88%, 02/15/44 (Call 08/15/43)	$	50	$	46,016
5.40%, 09/15/40 (Call 03/15/40)		60		59,934
5.88%, 12/16/36		209		219,982
5.95%, 04/01/41 (Call 10/01/40)		50		52,748
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of
America LLC, 4.75%, 06/01/27 (Call 07/01/24)(b)		45		43,677
Lithia Motors Inc.
3.88%, 06/01/29 (Call 07/01/24)(b)		45		40,126
4.38%, 01/15/31 (Call 10/15/25)(b)		35		30,897
4.63%, 12/15/27 (Call 07/01/24)(b)		25		23,781
Lowe's Companies Inc.
1.30%, 04/15/28 (Call 02/15/28)		30		26,039
1.70%, 09/15/28 (Call 07/15/28)		140		121,753
1.70%, 10/15/30 (Call 07/15/30)		115		93,159
2.50%, 04/15/26 (Call 01/15/26)		70		66,599
2.63%, 04/01/31 (Call 01/01/31)		135		114,739
2.80%, 09/15/41 (Call 03/15/41)		25		17,212
3.00%, 10/15/50 (Call 04/15/50)		120		74,878
3.10%, 05/03/27 (Call 02/03/27)		135		127,933
3.35%, 04/01/27 (Call 03/01/27)		45		42,904
3.38%, 09/15/25 (Call 06/15/25)		90		87,739
3.50%, 04/01/51 (Call 10/01/50)		65		44,528
3.65%, 04/05/29 (Call 01/05/29)		90		84,346
3.70%, 04/15/46 (Call 10/15/45)		60		44,258
3.75%, 04/01/32 (Call 01/01/32)		175		158,213
4.05%, 05/03/47 (Call 11/03/46)		120		92,878
4.25%, 04/01/52 (Call 10/01/51)		95		74,568
4.38%, 09/15/45 (Call 03/15/45)		5		4,116
4.45%, 04/01/62 (Call 10/01/61)		90		69,709
4.50%, 04/15/30 (Call 01/15/30)		75		72,559
4.55%, 04/05/49 (Call 10/05/48)		10		8,285
4.65%, 04/15/42 (Call 10/15/41)		35		30,681
4.80%, 04/01/26 (Call 03/01/26)		100		99,149
5.00%, 04/15/33 (Call 01/15/33)		10		9,806
5.00%, 04/15/40 (Call 10/15/39)		35		32,465
5.13%, 04/15/50 (Call 10/15/49)		55		49,534
5.15%, 07/01/33 (Call 04/01/33)		150		148,662
5.50%, 10/15/35		56		56,915
5.63%, 04/15/53 (Call 10/15/52)		65		62,858
5.80%, 09/15/62 (Call 03/15/62)		60		58,238
5.85%, 04/01/63 (Call 10/01/62)		5		4,890
Nordstrom Inc.
4.00%, 03/15/27 (Call 12/15/26)		20		19,106
4.25%, 08/01/31 (Call 05/01/31)		25		22,079
4.38%, 04/01/30 (Call 01/01/30)		30		27,210
5.00%, 01/15/44 (Call 07/15/43)		60		47,044
6.95%, 03/15/28		15		15,039
O’Reilly Automotive Inc.
3.90%, 06/01/29 (Call 03/01/29)		100		94,390
4.70%, 06/15/32 (Call 03/15/32)		100		95,823
Papa John’s International Inc., 3.88%, 09/15/29
(Call 09/15/24)(b)(c)		25		21,716
Patrick Industries Inc., 4.75%, 05/01/29
(Call 07/01/24)(b)		20		18,340
Ross Stores Inc., 0.88%, 04/15/26 (Call 03/15/26)		100		92,124
Sally Holdings LLC/Sally Capital Inc., 6.75%, 03/01/32
(Call 03/01/27)		35		34,361
Target Corp.
1.95%, 01/15/27 (Call 12/15/26)		100		93,025
2.35%, 02/15/30 (Call 11/15/29)		85		74,063
2.50%, 04/15/26		50		47,810

30

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Retail (continued)
2.65%, 09/15/30 (Call 06/15/30)	$	55	$	48,369
2.95%, 01/15/52 (Call 07/15/51)		35		22,570
3.38%, 04/15/29 (Call 01/15/29)		70		65,534
3.63%, 04/15/46		65		49,652
3.90%, 11/15/47 (Call 05/15/47)		75		59,384
4.00%, 07/01/42		65		54,884
4.50%, 09/15/32 (Call 06/15/32)		70		67,198
4.80%, 01/15/53 (Call 07/15/52)(c)		40		36,353
6.50%, 10/15/37		135		149,434
TJX Companies Inc. (The)
1.15%, 05/15/28 (Call 03/15/28)		15		13,012
2.25%, 09/15/26 (Call 06/15/26)		120		112,867
4.50%, 04/15/50 (Call 10/15/49)		30		26,375
Tractor Supply Co.
1.75%, 11/01/30 (Call 08/01/30)		15		12,078
5.25%, 05/15/33 (Call 02/15/33)		55		54,432
Victoria’s Secret & Co., 4.63%, 07/15/29
(Call 07/15/24)(b)(c)		35		28,522
Walgreen Co., 4.40%, 09/15/42		15		12,334
Walgreens Boots Alliance Inc.
3.20%, 04/15/30 (Call 01/15/30)(c)		25		21,837
3.45%, 06/01/26 (Call 03/01/26)		85		81,063
4.10%, 04/15/50 (Call 10/15/49)(c)		55		40,045
4.50%, 11/18/34 (Call 05/18/34)		20		17,451
4.80%, 11/18/44 (Call 05/18/44)(c)		55		46,016
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)		57		49,643
4.63%, 01/31/32 (Call 10/01/26)		85		77,459
4.75%, 01/15/30 (Call 10/15/29)(b)		45		42,525
5.35%, 11/01/43 (Call 05/01/43)		20		18,882
5.38%, 04/01/32 (Call 04/01/27)		60		57,198
6.88%, 11/15/37		20		21,601
				8,501,943
Savings & Loans — 0.1%
Nationwide Building Society
1.00%, 08/28/25(b)		88		83,407
3.96%, 07/18/30 (Call 07/18/29),
(3-mo. LIBOR US + 1.855%)(a)(b)		40		36,852
4.30%, 03/08/29 (Call 03/08/28),
(3-mo. LIBOR US + 1.452%)(a)(b)		225		214,503
6.56%, 10/18/27 (Call 10/18/26),
(1-day SOFR + 1.910%)(a)(b)		210		214,140
				548,902
Semiconductors — 1.7%
ams-OSRAM AG, 12.25%, 03/30/29 (Call 03/30/26)(b)		25		25,939
Analog Devices Inc.
1.70%, 10/01/28 (Call 08/01/28)		45		39,387
2.10%, 10/01/31 (Call 07/01/31)		60		49,337
2.80%, 10/01/41 (Call 04/01/41)		90		63,462
2.95%, 10/01/51 (Call 04/01/51)		78		50,789
3.50%, 12/05/26 (Call 09/05/26)		90		86,731
Applied Materials Inc.
1.75%, 06/01/30 (Call 03/01/30)		60		50,117
2.75%, 06/01/50 (Call 12/01/49)		60		39,125
3.30%, 04/01/27 (Call 01/01/27)		97		93,024
3.90%, 10/01/25 (Call 07/01/25)		50		49,187
4.35%, 04/01/47 (Call 10/01/46)		62		54,188
5.10%, 10/01/35 (Call 04/01/35)		40		40,306
5.85%, 06/15/41		44		46,411

Security	Par  (000)		Value
Semiconductors (continued)
Broadcom Corp./Broadcom Cayman Finance Ltd.
3.50%, 01/15/28 (Call 10/15/27)	$	40	$	37,633
3.88%, 01/15/27 (Call 10/15/26)		100		96,521
Broadcom Inc.
2.45%, 02/15/31 (Call 11/15/30)(b)		195		162,840
2.60%, 02/15/33 (Call 11/15/32)(b)		110		88,082
3.14%, 11/15/35 (Call 08/15/35)(b)		210		166,738
3.15%, 11/15/25 (Call 10/15/25)		35		33,849
3.19%, 11/15/36 (Call 08/15/36)(b)		195		152,880
3.42%, 04/15/33 (Call 01/15/33)(b)		178		152,076
3.46%, 09/15/26 (Call 07/15/26)		35		33,603
3.47%, 04/15/34 (Call 01/15/34)(b)		190		160,242
3.50%, 02/15/41 (Call 08/15/40)(b)		180		137,049
3.75%, 02/15/51 (Call 08/15/50)(b)		105		77,231
4.00%, 04/15/29 (Call 02/15/29)(b)		55		52,013
4.11%, 09/15/28 (Call 06/15/28)		145		138,945
4.15%, 11/15/30 (Call 08/15/30)		195		182,776
4.15%, 04/15/32 (Call 01/15/32)(b)		95		86,840
4.30%, 11/15/32 (Call 08/15/32)		100		92,555
4.93%, 05/15/37 (Call 02/15/37)(b)		130		120,967
5.00%, 04/15/30 (Call 01/15/30)		20		19,884
Entegris Inc.
3.63%, 05/01/29 (Call 07/01/24)(b)		30		26,688
4.38%, 04/15/28 (Call 06/11/24)(b)		25		23,389
4.75%, 04/15/29 (Call 01/15/29)(b)		110		104,411
5.95%, 06/15/30 (Call 06/15/25)(b)		55		54,156
Intel Corp.
2.60%, 05/19/26 (Call 02/19/26)		150		142,800
3.05%, 08/12/51 (Call 02/12/51)		20		12,609
3.20%, 08/12/61 (Call 02/12/61)		25		15,275
3.73%, 12/08/47 (Call 06/08/47)		285		210,331
4.75%, 03/25/50 (Call 09/25/49)		50		42,890
4.88%, 02/10/26		300		298,146
4.88%, 02/10/28 (Call 01/10/28)		370		367,390
5.05%, 08/05/62 (Call 02/05/62)		10		8,813
5.13%, 02/10/30 (Call 12/10/29)		310		309,551
5.15%, 02/21/34 (Call 11/21/33)		50		48,971
5.20%, 02/10/33 (Call 11/10/32)(c)		175		173,489
5.60%, 02/21/54 (Call 08/21/53)		120		115,837
5.63%, 02/10/43 (Call 08/10/42)		220		218,675
5.70%, 02/10/53 (Call 08/10/52)		375		366,859
5.90%, 02/10/63 (Call 08/10/62)		195		193,930
KLA Corp.
4.10%, 03/15/29 (Call 12/15/28)		20		19,340
4.65%, 07/15/32 (Call 04/15/32)		60		58,127
4.95%, 07/15/52 (Call 01/15/52)		110		101,987
5.25%, 07/15/62 (Call 01/15/62)		60		57,160
Lam Research Corp.
1.90%, 06/15/30 (Call 03/15/30)		65		54,465
2.88%, 06/15/50 (Call 12/15/49)		55		35,920
3.13%, 06/15/60 (Call 12/15/59)		44		27,908
3.75%, 03/15/26 (Call 01/15/26)		100		97,486
4.00%, 03/15/29 (Call 12/15/28)		93		89,062
4.88%, 03/15/49 (Call 09/15/48)		40		36,627
Marvell Technology Inc.
1.65%, 04/15/26 (Call 03/15/26)		50		46,636
2.45%, 04/15/28 (Call 02/15/28)		22		19,773
2.95%, 04/15/31 (Call 01/15/31)		80		68,450
4.88%, 06/22/28 (Call 03/22/28)		55		53,911
Microchip Technology Inc., 4.25%, 09/01/25
(Call 07/01/24)		40		39,350

 31

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Semiconductors (continued)
Micron Technology Inc.
2.70%, 04/15/32 (Call 01/15/32)	$	45	$	37,105
3.37%, 11/01/41 (Call 05/01/41)		40		29,304
3.48%, 11/01/51 (Call 05/01/51)		40		27,531
4.19%, 02/15/27 (Call 12/15/26)		122		118,420
4.66%, 02/15/30 (Call 11/15/29)		75		72,386
4.98%, 02/06/26 (Call 12/06/25)		80		79,328
5.33%, 02/06/29 (Call 11/06/28)		76		76,108
5.88%, 02/09/33 (Call 11/09/32)		65		66,486
5.88%, 09/15/33 (Call 06/15/33)		50		51,159
NVIDIA Corp.
2.00%, 06/15/31 (Call 03/15/31)		80		66,756
2.85%, 04/01/30 (Call 01/01/30)		146		131,619
3.20%, 09/16/26 (Call 06/16/26)		125		120,676
3.50%, 04/01/40 (Call 10/01/39)		124		102,447
3.50%, 04/01/50 (Call 10/01/49)		70		53,512
3.70%, 04/01/60 (Call 10/01/59)		47		35,364
NXP BV/NXP Funding LLC, 5.35%, 03/01/26
(Call 01/01/26)		40		39,876
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31 (Call 02/11/31)		55		45,891
2.65%, 02/15/32 (Call 11/15/31)		85		70,238
3.13%, 02/15/42 (Call 08/15/41)		40		28,190
3.15%, 05/01/27 (Call 03/01/27)		77		72,596
3.25%, 05/11/41 (Call 11/11/40)		65		47,410
3.25%, 11/30/51 (Call 05/30/51)		40		26,317
3.40%, 05/01/30 (Call 02/01/30)		89		80,223
3.88%, 06/18/26 (Call 04/18/26)		45		43,671
4.30%, 06/18/29 (Call 03/18/29)		40		38,241
4.40%, 06/01/27 (Call 05/01/27)		10		9,752
5.00%, 01/15/33 (Call 10/15/32)		35		33,986
ON Semiconductor Corp., 3.88%, 09/01/28
(Call 07/01/24)(b)		40		36,543
Qorvo Inc.
3.38%, 04/01/31 (Call 04/01/26)(b)		65		55,042
4.38%, 10/15/29 (Call 10/15/24)		79		73,945
Qualcomm Inc.
1.30%, 05/20/28 (Call 02/20/28)		45		39,248
1.65%, 05/20/32 (Call 02/20/32)		225		175,509
2.15%, 05/20/30 (Call 02/20/30)		10		8,578
3.25%, 05/20/27 (Call 02/20/27)		205		196,272
3.25%, 05/20/50 (Call 11/20/49)		35		24,824
4.30%, 05/20/47 (Call 11/20/46)		105		89,804
4.50%, 05/20/52 (Call 11/20/51)		75		64,564
4.65%, 05/20/35 (Call 11/20/34)		60		58,101
5.40%, 05/20/33 (Call 02/20/33)		35		36,063
6.00%, 05/20/53 (Call 11/20/52)		85		91,453
Renesas Electronics Corp., 2.17%, 11/25/26
(Call 10/25/26)(b)		45		41,302
SK Hynix Inc.
1.50%, 01/19/26(d)		200		187,192
2.38%, 01/19/31(d)		200		164,525
Skyworks Solutions Inc., 3.00%, 06/01/31
(Call 03/01/31)		47		39,282
Synaptics Inc., 4.00%, 06/15/29 (Call 06/15/24)(b)		30		26,857
Texas Instruments Inc.
1.13%, 09/15/26 (Call 08/15/26)		35		32,105
1.75%, 05/04/30 (Call 02/04/30)		60		50,232
1.90%, 09/15/31 (Call 06/15/31)		70		57,564
2.25%, 09/04/29 (Call 06/04/29)		105		92,309
2.70%, 09/15/51 (Call 03/15/51)		60		37,342

Security	Par  (000)		Value
Semiconductors (continued)
2.90%, 11/03/27 (Call 08/03/27)	$	52	$	48,804
3.88%, 03/15/39 (Call 09/15/38)		80		69,775
4.15%, 05/15/48 (Call 11/15/47)		104		86,011
5.05%, 05/18/63 (Call 11/18/62)		85		79,192
5.15%, 02/08/54 (Call 08/08/53)		50		47,682
TSMC Arizona Corp.
2.50%, 10/25/31 (Call 07/25/31)		200		168,814
3.13%, 10/25/41 (Call 04/25/41)		200		154,901
TSMC Global Ltd.
1.00%, 09/28/27 (Call 07/28/27)(d)		200		174,615
1.38%, 09/28/30 (Call 06/28/30)(d)		200		160,306
Xilinx Inc., 2.38%, 06/01/30 (Call 03/01/30)		81		69,749
				10,564,236
Software — 0.7%
ACI Worldwide Inc., 5.75%, 08/15/26
(Call 07/01/24)(b)		25		24,778
Adobe Inc.
2.15%, 02/01/27 (Call 12/01/26)		110		102,367
2.30%, 02/01/30 (Call 11/01/29)		131		113,861
Autodesk Inc.
2.40%, 12/15/31 (Call 09/15/31)		80		65,557
2.85%, 01/15/30 (Call 10/15/29)		50		44,099
3.50%, 06/15/27 (Call 03/15/27)		27		25,763
4.38%, 06/15/25 (Call 03/15/25)		42		41,521
Black Knight InfoServ LLC, 3.63%, 09/01/28
(Call 06/11/24)(b)		65		60,877
Broadridge Financial Solutions Inc.
2.60%, 05/01/31 (Call 02/01/31)		70		58,552
2.90%, 12/01/29 (Call 09/01/29)		85		75,054
3.40%, 06/27/26 (Call 03/27/26)		45		43,301
Camelot Finance SA, 4.50%, 11/01/26
(Call 07/01/24)(b)		40		38,598
Central Parent Inc./CDK Global Inc., 7.25%, 06/15/29
(Call 06/15/25)(b)		45		45,272
Clarivate Science Holdings Corp.
3.88%, 07/01/28 (Call 06/30/24)(b)		55		50,375
4.88%, 07/01/29 (Call 06/30/24)(b)		55		50,165
Concentrix Corp.
6.60%, 08/02/28 (Call 07/02/28)		60		60,487
6.85%, 08/02/33 (Call 05/02/33)(c)		35		34,271
Consensus Cloud Solutions Inc.
6.00%, 10/15/26 (Call 07/01/24)(b)		20		19,438
6.50%, 10/15/28 (Call 10/15/26)(b)(c)		30		27,604
Elastic NV, 4.13%, 07/15/29 (Call 07/15/24)(b)		35		31,353
Electronic Arts Inc.
1.85%, 02/15/31 (Call 11/15/30)		80		64,687
2.95%, 02/15/51 (Call 08/15/50)		55		35,257
4.80%, 03/01/26 (Call 12/01/25)		37		36,696
Fair Isaac Corp.
4.00%, 06/15/28 (Call 06/17/24)(b)		55		51,004
5.25%, 05/15/26 (Call 02/15/26)(b)		30		29,628
Fidelity National Information Services Inc.
1.15%, 03/01/26 (Call 02/01/26)		105		97,465
1.65%, 03/01/28 (Call 01/01/28)		30		26,328
3.10%, 03/01/41 (Call 09/01/40)		71		50,662
4.50%, 08/15/46 (Call 02/15/46)		25		20,527
5.10%, 07/15/32 (Call 04/15/32)		70		68,999
Fiserv Inc.
2.25%, 06/01/27 (Call 04/01/27)		140		128,354
2.65%, 06/01/30 (Call 03/01/30)		99		85,490
3.20%, 07/01/26 (Call 05/01/26)		164		157,047

32

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Software (continued)
3.50%, 07/01/29 (Call 04/01/29)	$	145	$	133,756
3.85%, 06/01/25 (Call 03/01/25)		82		80,529
4.20%, 10/01/28 (Call 07/01/28)		55		52,616
4.40%, 07/01/49 (Call 01/01/49)		132		107,499
5.63%, 08/21/33 (Call 05/21/33)		130		130,654
Intuit Inc.
0.95%, 07/15/25 (Call 06/15/25)		52		49,518
1.35%, 07/15/27 (Call 05/15/27)		37		33,133
1.65%, 07/15/30 (Call 04/15/30)		112		92,043
5.20%, 09/15/33 (Call 06/15/33)		50		49,913
5.25%, 09/15/26 (Call 08/15/26)		60		60,270
5.50%, 09/15/53 (Call 03/15/53)		70		69,809
MicroStrategy Inc., 6.13%, 06/15/28 (Call 06/15/24)(b)		30		28,679
Open Text Corp.
3.88%, 02/15/28 (Call 07/02/24)(b)		50		45,934
3.88%, 12/01/29 (Call 12/01/24)(b)		50		44,048
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)(b)		55		48,856
4.13%, 12/01/31 (Call 12/01/26)(b)		37		31,833
PTC Inc., 4.00%, 02/15/28 (Call 07/01/24)(b)		30		27,970
Rackspace Finance LLC, 3.50%, 05/15/28
(Call 09/12/25)(b)		15		6,069
RingCentral Inc., 8.50%, 08/15/30 (Call 08/15/26)(b)		25		26,161
Roper Technologies Inc.
1.00%, 09/15/25 (Call 08/15/25)		65		61,380
1.40%, 09/15/27 (Call 07/15/27)		75		66,361
1.75%, 02/15/31 (Call 11/15/30)		116		92,866
2.00%, 06/30/30 (Call 03/30/30)		65		53,980
2.95%, 09/15/29 (Call 06/15/29)		55		49,092
3.80%, 12/15/26 (Call 09/15/26)		89		85,853
3.85%, 12/15/25 (Call 09/15/25)		37		36,148
4.20%, 09/15/28 (Call 06/15/28)		40		38,500
ServiceNow Inc., 1.40%, 09/01/30 (Call 06/01/30)		135		108,635
Twilio Inc.
3.63%, 03/15/29 (Call 06/11/24)		30		26,835
3.88%, 03/15/31 (Call 03/15/26)		30		26,176
VMware LLC
1.40%, 08/15/26 (Call 07/15/26)		45		41,194
1.80%, 08/15/28 (Call 06/15/28)		50		43,381
2.20%, 08/15/31 (Call 05/15/31)		120		96,359
3.90%, 08/21/27 (Call 05/21/27)		112		107,018
4.65%, 05/15/27 (Call 03/15/27)		92		90,220
4.70%, 05/15/30 (Call 02/15/30)		82		78,770
Workday Inc.
3.50%, 04/01/27 (Call 03/01/27)		65		62,118
3.70%, 04/01/29 (Call 02/01/29)		10		9,359
3.80%, 04/01/32 (Call 01/01/32)		70		62,792
ZoomInfo Technologies LLC/ZoomInfo Finance Corp.,
3.88%, 02/01/29 (Call 06/11/24)(b)		40		35,676
				4,257,440
Telecommunications — 1.4%
America Movil SAB de CV
4.38%, 04/22/49 (Call 10/22/48)		40		33,662
6.13%, 03/30/40		210		217,660
6.38%, 03/01/35		110		117,534
Bell Telephone Co. of Canada or Bell Canada
3.65%, 08/15/52 (Call 02/15/52)		55		39,498
4.30%, 07/29/49 (Call 01/29/49)		30		24,336
4.46%, 04/01/48 (Call 10/01/47)		75		62,462
5.10%, 05/11/33 (Call 02/11/33)		10		9,730
5.20%, 02/15/34 (Call 11/15/33)		80		77,933

Security	Par  (000)		Value
Telecommunications (continued)
5.55%, 02/15/54 (Call 08/15/53)	$	55	$	53,011
Series US-4, 3.65%, 03/17/51 (Call 09/17/50)		40		28,766
Series US-6, 3.20%, 02/15/52 (Call 08/15/51)		45		29,512
Ciena Corp., 4.00%, 01/31/30 (Call 01/31/25)(b)(c)		25		22,478
CommScope Inc.
4.75%, 09/01/29 (Call 09/01/24)(b)		75		53,050
6.00%, 03/01/26 (Call 07/01/24)(b)		90		80,340
7.13%, 07/01/28 (Call 07/01/24)(b)		40		16,094
8.25%, 03/01/27 (Call 07/01/24)(b)		55		25,563
CommScope Technologies LLC
5.00%, 03/15/27 (Call 06/11/24)(b)		40		17,084
6.00%, 06/15/25 (Call 06/11/24)(b)		74		60,814
Connect Finco SARL/Connect U.S. Finco LLC, 6.75%,
10/01/26 (Call 06/14/24)(b)		60		56,692
Consolidated Communications Inc.
5.00%, 10/01/28 (Call 06/11/24)(b)		25		20,533
6.50%, 10/01/28 (Call 06/11/24)(b)		40		33,800
Corning Inc.
3.90%, 11/15/49 (Call 05/15/49)		37		27,899
4.38%, 11/15/57 (Call 05/15/57)		42		32,701
4.70%, 03/15/37		14		12,776
4.75%, 03/15/42		35		30,921
5.35%, 11/15/48 (Call 05/15/48)		36		33,607
5.45%, 11/15/79 (Call 05/19/79)		60		55,016
5.75%, 08/15/40		21		20,704
5.85%, 11/15/68 (Call 05/15/68)		20		19,543
Frontier Communications Holdings LLC
5.00%, 05/01/28 (Call 07/01/24)(b)		110		102,745
5.88%, 10/15/27 (Call 07/01/24)(b)		65		63,308
5.88%, 11/01/29 (Call 11/01/24)		45		38,796
6.00%, 01/15/30 (Call 10/15/24)(b)(c)		60		51,997
6.75%, 05/01/29 (Call 07/01/24)(b)		60		54,734
8.63%, 03/15/31 (Call 03/15/26)(b)		95		97,394
8.75%, 05/15/30 (Call 05/15/25)(b)		70		72,491
HKT Capital No. 5 Ltd., 3.25%, 09/30/29(d)		200		180,849
Intelsat Jackson Holdings SA, 6.50%, 03/15/30
(Call 03/15/25)(b)		170		160,334
Juniper Networks Inc.
1.20%, 12/10/25 (Call 11/10/25)		47		43,983
2.00%, 12/10/30 (Call 09/10/30)		27		21,624
3.75%, 08/15/29 (Call 05/15/29)		45		41,851
5.95%, 03/15/41		25		25,039
Level 3 Financing Inc.
3.88%, 10/15/30 (Call 03/22/25)(b)		45		24,721
4.00%, 04/15/31 (Call 03/22/25)(b)(c)		45		24,561
4.50%, 04/01/30 (Call 03/22/26)(b)(c)		60		34,355
4.88%, 06/15/29 (Call 03/22/26)(b)		50		29,997
10.50%, 04/15/29 (Call 03/22/27)(b)(c)		40		39,910
10.50%, 05/15/30 (Call 05/15/26)(b)		57		56,839
10.75%, 12/15/30 (Call 03/22/27)(b)(c)		45		45,034
11.00%, 11/15/29 (Call 03/22/27)(b)		95		96,909
Lumen Technologies Inc.
4.13%, 04/15/29 (Call 07/01/24)(b)		23		15,262
4.13%, 04/15/30 (Call 07/01/24)(b)(c)		23		15,034
4.50%, 01/15/29 (Call 06/11/24)(b)		10		2,985
5.38%, 06/15/29 (Call 06/15/24)(b)		15		4,668
Series G, 6.88%, 01/15/28(c)		12		5,064
Series P, 7.60%, 09/15/39(c)		20		6,686
Series U, 7.65%, 03/15/42		15		4,765
Millicom International Cellular SA, 6.25%, 03/25/29
(Call 06/10/24)(d)		180		174,978

 33

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Telecommunications (continued)
Nokia OYJ
4.38%, 06/12/27	$	30	$	29,179
6.63%, 05/15/39		30		29,045
Ooredoo International Finance Ltd., 2.63%,
04/08/31(d)		200		170,810
Qwest Corp., 7.25%, 09/15/25		15		14,729
Rogers Communications Inc.
2.90%, 11/15/26 (Call 08/15/26)		74		69,617
3.63%, 12/15/25 (Call 09/15/25)		105		101,868
3.80%, 03/15/32 (Call 12/15/31)		110		97,607
4.30%, 02/15/48 (Call 08/15/47)		80		63,065
4.35%, 05/01/49 (Call 11/01/48)		76		60,227
4.50%, 03/15/42 (Call 09/15/41)		50		42,194
4.50%, 03/15/43 (Call 09/15/42)		45		37,759
4.55%, 03/15/52 (Call 09/15/51)		105		85,470
5.00%, 03/15/44 (Call 09/15/43)		90		80,541
5.25%, 03/15/82 (Call 03/15/27),
(5-year CMT + 3.590%)(a)(b)		45		43,296
5.30%, 02/15/34 (Call 11/15/33)		70		68,225
5.45%, 10/01/43 (Call 04/01/43)		65		61,298
7.50%, 08/15/38		35		40,163
SES Global Americas Holdings Inc., 5.30%,
03/25/44(b)		20		14,721
Telecom Italia Capital SA
6.00%, 09/30/34(c)		60		50,926
6.38%, 11/15/33(c)		60		53,191
7.20%, 07/18/36(c)		60		54,526
7.72%, 06/04/38(c)		60		54,882
TELUS Corp.
2.80%, 02/16/27 (Call 11/16/26)		37		34,605
3.40%, 05/13/32 (Call 02/13/32)		50		43,231
3.70%, 09/15/27 (Call 06/15/27)		70		66,611
4.30%, 06/15/49 (Call 12/15/48)		30		23,643
4.60%, 11/16/48 (Call 05/16/48)		50		41,730
U.S. Cellular Corp., 6.70%, 12/15/33		35		36,929
Verizon Communications Inc.
0.85%, 11/20/25 (Call 10/20/25)		121		113,392
1.45%, 03/20/26 (Call 02/20/26)		55		51,401
1.50%, 09/18/30 (Call 06/18/30)		87		70,349
1.68%, 10/30/30 (Call 07/30/30)		60		48,382
1.75%, 01/20/31 (Call 10/20/30)		120		96,338
2.10%, 03/22/28 (Call 01/22/28)		219		196,207
2.36%, 03/15/32 (Call 12/15/31)		281		228,074
2.55%, 03/21/31 (Call 12/21/30)		194		163,552
2.63%, 08/15/26		170		160,925
2.65%, 11/20/40 (Call 05/20/40)		159		109,646
2.85%, 09/03/41 (Call 03/03/41)		65		45,538
2.88%, 11/20/50 (Call 05/20/50)		140		88,115
2.99%, 10/30/56 (Call 04/30/56)		215		130,968
3.00%, 03/22/27 (Call 01/22/27)		202		190,766
3.00%, 11/20/60 (Call 05/20/60)(c)		112		66,949
3.15%, 03/22/30 (Call 12/22/29)		84		75,273
3.40%, 03/22/41 (Call 09/22/40)		212		162,028
3.55%, 03/22/51 (Call 09/22/50)		239		170,968
3.70%, 03/22/61 (Call 09/22/60)		235		165,254
3.85%, 11/01/42 (Call 05/01/42)		45		35,920
3.88%, 02/08/29 (Call 11/08/28)		94		89,034
3.88%, 03/01/52 (Call 09/01/51)		65		49,164
4.00%, 03/22/50 (Call 09/22/49)		69		53,805
4.02%, 12/03/29 (Call 09/03/29)		263		248,153
4.13%, 03/16/27		269		262,024

Security	Par  (000)		Value
Telecommunications (continued)
4.13%, 08/15/46	$	60	$	48,628
4.33%, 09/21/28		200		193,826
4.40%, 11/01/34 (Call 05/01/34)		147		135,539
4.50%, 08/10/33		161		150,977
4.52%, 09/15/48		105		89,760
4.67%, 03/15/55		40		34,500
4.75%, 11/01/41		47		43,069
4.81%, 03/15/39		79		72,984
4.86%, 08/21/46		125		113,958
5.01%, 04/15/49(c)		50		47,489
5.01%, 08/21/54		45		40,855
5.25%, 03/16/37		65		63,841
5.50%, 03/16/47		32		32,071
5.50%, 02/23/54 (Call 08/23/53)		60		58,383
5.85%, 09/15/35		27		27,916
6.40%, 09/15/33		17		18,501
6.55%, 09/15/43		42		46,351
7.75%, 12/01/30		55		62,398
Viasat Inc., 7.50%, 05/30/31 (Call 05/30/26)(b)(c)		50		34,025
ViaSat Inc.
5.63%, 04/15/27 (Call 06/11/24)(b)		100		89,500
6.50%, 07/15/28 (Call 07/01/24)(b)(c)		25		18,617
Viavi Solutions Inc., 3.75%, 10/01/29
(Call 10/01/24)(b)		25		20,745
Windstream Escrow LLC/Windstream Escrow Finance
Corp., 7.75%, 08/15/28 (Call 07/01/24)(b)		80		75,299
				9,012,177
Toys, Games & Hobbies — 0.0%
Hasbro Inc.
3.50%, 09/15/27 (Call 06/15/27)		15		14,077
3.55%, 11/19/26 (Call 09/19/26)		55		52,357
3.90%, 11/19/29 (Call 08/19/29)		95		87,011
5.10%, 05/15/44 (Call 11/15/43)(c)		25		21,535
6.35%, 03/15/40		40		40,835
				215,815
Transportation — 0.2%
AP Moller - Maersk A/S
4.50%, 06/20/29 (Call 03/20/29)(b)		50		48,544
5.88%, 09/14/33 (Call 06/14/33)(b)		45		45,581
Cargo Aircraft Management Inc., 4.75%, 02/01/28
(Call 06/17/24)(b)(c)		35		32,099
CH Robinson Worldwide Inc., 4.20%, 04/15/28
(Call 01/15/28)		55		53,069
JB Hunt Transport Services Inc., 3.88%, 03/01/26
(Call 01/01/26)		70		68,280
MTR Corp. Ltd., 1.63%, 08/19/30(d)		200		164,882
RXO Inc., 7.50%, 11/15/27 (Call 11/15/24)(b)		20		20,588
Ryder System Inc.
2.85%, 03/01/27 (Call 02/01/27)		70		65,681
2.90%, 12/01/26 (Call 10/01/26)		50		47,096
3.35%, 09/01/25 (Call 08/01/25)		50		48,614
4.63%, 06/01/25 (Call 05/01/25)		57		56,394
5.25%, 06/01/28 (Call 05/01/28)		50		50,073
5.38%, 03/15/29 (Call 02/15/29)		5		5,014
6.30%, 12/01/28 (Call 11/01/28)		15		15,573
6.60%, 12/01/33 (Call 09/01/33)		60		63,924
SF Holding Investment 2021 Ltd., 3.13%, 11/17/31(d)		200		173,897
XPO CNW Inc., 6.70%, 05/01/34		20		21,170
XPO Inc.
6.25%, 06/01/28 (Call 06/01/25)(b)		55		54,992

34

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Transportation (continued)
7.13%, 06/01/31 (Call 06/01/26)(b)	$	50	$	50,927
7.13%, 02/01/32 (Call 02/01/27)(b)		45		45,838
				1,132,236
Trucking & Leasing — 0.1%
AerCap Global Aviation Trust, 6.50%, 06/15/45
(Call 06/15/25), (3-mo. SOFR + 4.562%)(a)(b)		30		29,925
GATX Corp.
1.90%, 06/01/31 (Call 03/01/31)		50		39,535
3.10%, 06/01/51 (Call 12/01/50)		45		28,132
3.25%, 09/15/26 (Call 06/15/26)		30		28,580
3.50%, 03/15/28 (Call 12/15/27)		25		23,382
3.85%, 03/30/27 (Call 12/30/26)		30		28,763
4.00%, 06/30/30 (Call 03/30/30)		65		60,040
4.55%, 11/07/28 (Call 08/07/28)(c)		20		19,465
4.70%, 04/01/29 (Call 01/01/29)		35		34,163
5.20%, 03/15/44 (Call 09/15/43)		25		22,866
6.05%, 03/15/34 (Call 12/15/33)		60		60,991
				375,842
Water — 0.1%
American Water Capital Corp.
2.80%, 05/01/30 (Call 02/01/30)		65		56,895
2.95%, 09/01/27 (Call 06/01/27)		5		4,678
3.45%, 06/01/29 (Call 03/01/29)		52		48,141
3.45%, 05/01/50 (Call 11/01/49)		39		27,516
3.75%, 09/01/28 (Call 06/01/28)		45		42,760
3.75%, 09/01/47 (Call 03/01/47)		31		23,491
4.00%, 12/01/46 (Call 06/01/46)		25		19,881
4.15%, 06/01/49 (Call 12/01/48)		37		29,751
4.20%, 09/01/48 (Call 03/01/48)		30		24,448
4.30%, 12/01/42 (Call 06/01/42)		52		44,344
4.30%, 09/01/45 (Call 03/01/45)		20		16,873
4.45%, 06/01/32 (Call 03/01/32)		50		47,603
5.15%, 03/01/34 (Call 12/01/33)		15		14,811
5.45%, 03/01/54 (Call 09/01/53)		50		48,254
6.59%, 10/15/37		55		60,524
				509,970
Total Corporate Bonds & Notes — 31.0%
(Cost: $207,945,507)				192,096,226
Foreign Government Obligations(g)
Argentina — 0.2%
Argentina Bonar Bond
0.75%, 07/09/30(h)		355		195,255
1.00%, 07/09/29		60		33,568
4.13%, 07/09/35(h)		470		203,057
4.88%, 07/09/41(h)		50		20,291
5.00%, 01/09/38(h)		190		85,452
Argentine Republic Government International Bond
1.00%, 07/09/29 (Call 07/01/24)(c)		100		58,254
1.75%, 07/09/30 (Call 07/01/24)(c)(h)		420		239,041
4.13%, 07/09/35 (Call 07/01/24)(h)		420		184,506
4.13%, 07/09/46 (Call 07/01/24)(h)		55		24,954
4.88%, 07/09/41 (Call 07/01/24)(h)		225		92,575
5.00%, 01/09/38 (Call 07/01/24)(c)(h)		285		135,622
				1,272,575
Brazil — 0.1%
Brazilian Government International Bond
5.63%, 01/07/41		300		264,489
7.13%, 01/20/37		225		236,775

Security	Par  (000)		Value
Brazil (continued)
8.25%, 01/20/34	$	200	$	228,668
10.13%, 05/15/27(c)		120		135,500
				865,432
Canada — 0.9%
Canada Government International Bond
0.75%, 05/19/26		170		156,903
3.75%, 04/26/28		160		154,785
4.63%, 04/30/29		150		150,134
CDP Financial Inc.
0.88%, 06/10/25(b)		60		57,391
1.00%, 05/26/26(b)		50		46,196
4.25%, 07/25/28(b)		255		249,233
CPPIB Capital Inc.
0.88%, 09/09/26(b)		5		4,564
4.25%, 07/20/28(b)		250		244,967
Export Development Canada
3.38%, 08/26/25		5		4,895
3.88%, 02/14/28		420		408,086
4.13%, 02/13/29		220		215,388
Ontario Teachers’ Finance Trust
1.25%, 09/27/30(b)		250		201,120
2.00%, 04/16/31(b)		250		208,077
Province of Alberta Canada
1.30%, 07/22/30		115		93,891
2.05%, 08/17/26(b)		100		93,904
3.30%, 03/15/28		100		94,692
4.50%, 01/24/34		50		48,541
Province of British Columbia Canada
0.90%, 07/20/26		155		142,285
1.30%, 01/29/31(c)		70		56,474
2.25%, 06/02/26		55		52,141
4.20%, 07/06/33		105		99,887
4.80%, 11/15/28		100		100,120
4.90%, 04/24/29		100		100,595
7.25%, 09/01/36		20		23,938
Province of Manitoba Canada
1.50%, 10/25/28		50		43,534
2.13%, 06/22/26		245		231,104
Province of New Brunswick Canada, 3.63%, 02/24/28		20		19,072
Province of Ontario Canada
0.63%, 01/21/26		166		154,408
1.05%, 04/14/26		10		9,294
1.05%, 05/21/27		110		98,593
1.13%, 10/07/30		105		84,166
1.60%, 02/25/31		75		61,406
1.80%, 10/14/31		120		97,962
2.00%, 10/02/29		45		39,145
2.13%, 01/21/32		60		49,874
2.30%, 06/15/26		70		66,347
2.50%, 04/27/26		120		114,489
3.10%, 05/19/27		90		85,701
4.20%, 01/18/29		125		122,047
Province of Quebec Canada
0.60%, 07/23/25		215		203,976
2.50%, 04/20/26		90		85,933
2.75%, 04/12/27		63		59,503
3.63%, 04/13/28		300		287,677
4.50%, 04/03/29		100		98,867
4.50%, 09/08/33		105		102,101
Series PD, 7.50%, 09/15/29		110		123,589

 35

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Canada (continued)
PSP Capital Inc.
1.00%, 06/29/26(b)	$	10	$	9,213
1.63%, 10/26/28(b)		5		4,375
				5,260,583
Chile — 0.2%
Chile Government International Bond
3.24%, 02/06/28 (Call 11/06/27)		200		186,646
3.50%, 01/25/50 (Call 07/25/49)		200		142,415
3.63%, 10/30/42		200		152,865
3.86%, 06/21/47		200		154,270
4.00%, 01/31/52 (Call 07/31/51)		200		153,890
4.95%, 01/05/36 (Call 10/05/35)		200		190,580
				980,666
Colombia — 0.1%
Colombia Government International Bond
4.50%, 03/15/29 (Call 12/15/28)		200		181,346
6.13%, 01/18/41		300		250,558
7.38%, 09/18/37		300		291,010
				722,914
Costa Rica — 0.0%
Costa Rica Government International Bond, 6.55%,
04/03/34 (Call 01/03/34)(d)		200		204,692
Denmark — 0.0%
Kommunekredit, 0.50%, 01/28/26(d)		200		185,562
Finland — 0.1%
Finland Government International Bond, 6.95%,
02/15/26		110		112,864
Kuntarahoitus OYJ, 4.88%, 01/13/27(b)		200		199,919
				312,783
France — 0.3%
Agence Francaise de Developpement EPIC, 4.50%,
03/05/29(d)		200		197,585
Caisse d’Amortissement de la Dette Sociale
0.38%, 09/23/25(b)		365		342,975
1.00%, 10/21/30(b)		5		3,990
1.38%, 01/20/31(b)		325		263,841
3.75%, 05/24/28(b)		310		298,637
4.00%, 01/25/26(b)		10		9,826
4.25%, 01/24/27(b)		400		393,910
4.63%, 11/02/25(b)		200		198,439
4.88%, 09/19/26(b)		200		199,736
				1,908,939
Germany — 0.0%
State of North Rhine-Westphalia Germany, 1.00%,
04/21/26(d)		100		92,778
Hong Kong — 0.1%
Airport Authority
1.75%, 01/12/27 (Call 12/12/26)(b)		200		184,037
2.63%, 02/04/51 (Call 08/04/50)(b)		200		125,930
Hong Kong Government International Bond
1.38%, 02/02/31(b)		200		163,362
4.00%, 06/07/33(b)		200		191,063
				664,392
Hungary — 0.1%
Hungary Government International Bond
2.13%, 09/22/31(d)		200		157,168
6.25%, 09/22/32(d)		200		204,846

Security	Par  (000)		Value
Hungary (continued)
7.63%, 03/29/41	$	166	$	187,553
Magyar Export-Import Bank Zrt, 6.13%, 12/04/27
(Call 11/04/27)(d)		200		200,967
				750,534
Indonesia — 0.4%
Indonesia Government International Bond
2.85%, 02/14/30		200		176,308
3.05%, 03/12/51		200		134,236
3.20%, 09/23/61 (Call 03/23/61)		200		126,299
4.35%, 01/11/48		200		168,447
4.55%, 01/11/28 (Call 12/11/27)		200		195,010
4.65%, 09/20/32 (Call 06/20/32)		200		191,112
4.85%, 01/11/33 (Call 10/11/32)		200		194,163
5.10%, 02/10/54 (Call 08/10/53)		400		372,769
5.25%, 01/17/42(d)		200		195,030
6.75%, 01/15/44(d)		200		229,232
Perusahaan Penerbit SBSN Indonesia III
2.55%, 06/09/31(d)		200		168,265
4.15%, 03/29/27(d)		200		194,422
4.40%, 06/06/27(d)		200		195,440
4.70%, 06/06/32(d)		200		193,356
				2,734,089
Israel — 0.2%
Israel Government International Bond
2.88%, 03/16/26		200		189,418
5.50%, 03/12/34		200		191,398
5.75%, 03/12/54		200		180,938
State of Israel
3.38%, 01/15/50		400		254,953
3.80%, 05/13/60(d)		200		130,507
				947,214
Italy — 0.1%
Republic of Italy Government International Bond
2.88%, 10/17/29		220		193,272
3.88%, 05/06/51		50		34,380
5.38%, 06/15/33		170		165,886
				393,538
Japan — 0.3%
Development Bank of Japan Inc.
1.00%, 08/27/30(b)		5		3,985
4.50%, 01/30/34(b)		200		195,110
Japan Bank for International Cooperation
0.63%, 07/15/25		200		189,717
1.25%, 01/21/31		110		88,114
1.63%, 01/20/27		200		183,624
1.88%, 04/15/31		200		166,347
2.13%, 02/16/29		115		102,079
2.25%, 11/04/26		20		18,737
2.38%, 04/20/26		10		9,502
2.75%, 11/16/27		15		13,977
2.88%, 06/01/27		280		264,070
3.25%, 07/20/28		20		18,809
4.25%, 01/26/26		200		196,941
4.25%, 04/27/26		5		4,919
4.63%, 07/19/28		220		218,119
Japan International Cooperation Agency
1.00%, 07/22/30(c)		40		31,850
2.13%, 10/20/26		46		42,996
4.00%, 05/23/28		200		193,310
				1,942,206

36

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Kazakhstan — 0.0%
Kazakhstan Government International Bond, 4.88%,
10/14/44(d)	$	200	$	190,405
Malaysia — 0.0%
Malaysia Sovereign Sukuk Bhd, 4.24%, 04/22/45(d)		200		178,595
Netherlands — 0.1%
BNG Bank NV
0.50%, 11/24/25(b)		20		18,688
3.50%, 05/19/28(b)		305		291,207
4.25%, 01/25/29(b)		200		196,276
Nederlandse Waterschapsbank NV
1.00%, 05/28/30(b)		45		36,320
4.00%, 06/01/28(b)		205		199,323
				741,814
Norway — 0.1%
Kommunalbanken AS
1.13%, 10/26/26(b)		15		13,723
1.13%, 06/14/30(b)		200		161,844
4.25%, 01/24/29(b)		200		196,214
				371,781
Panama — 0.2%
Panama Government International Bond
3.16%, 01/23/30 (Call 10/23/29)		200		166,680
4.50%, 05/15/47 (Call 11/15/46)		400		273,887
4.50%, 04/16/50 (Call 10/16/49)		200		132,795
6.70%, 01/26/36		220		211,293
8.00%, 03/01/38 (Call 12/01/37)		200		209,484
8.88%, 09/30/27		35		37,660
9.38%, 04/01/29		100		111,092
				1,142,891
Paraguay — 0.0%
Paraguay Government International Bond, 3.85%,
06/28/33 (Call 03/28/33)(d)		200		172,531
Peru — 0.1%
Peruvian Government International Bond
1.86%, 12/01/32 (Call 09/01/32)		100		74,618
2.39%, 01/23/26 (Call 12/23/25)		70		66,286
2.78%, 01/23/31 (Call 10/23/30)		145		122,323
2.78%, 12/01/60 (Call 06/01/60)		60		33,048
3.00%, 01/15/34 (Call 10/15/33)		100		80,157
3.30%, 03/11/41 (Call 09/11/40)		60		43,664
3.55%, 03/10/51 (Call 09/10/50)		75		52,152
3.60%, 01/15/72 (Call 07/15/71)		35		22,115
5.63%, 11/18/50		90		86,671
6.55%, 03/14/37		70		73,754
8.75%, 11/21/33		100		120,038
				774,826
Poland — 0.2%
Bank Gospodarstwa Krajowego, 6.25%, 10/31/28(d)		200		206,491
Republic of Poland Government International Bond
3.25%, 04/06/26		90		87,161
4.88%, 10/04/33 (Call 07/04/33)		90		86,963
5.13%, 09/18/34 (Call 06/18/34)		100		97,508
5.50%, 11/16/27 (Call 08/16/27)		50		50,769
5.50%, 04/04/53 (Call 10/04/52)		155		150,196
5.50%, 03/18/54 (Call 09/18/53)		200		192,385
5.75%, 11/16/32 (Call 08/16/32)		50		51,570
				923,043

Security	Par  (000)		Value
Qatar — 0.3%
Qatar Government International Bond
3.75%, 04/16/30(d)	$	200	$	188,389
4.00%, 03/14/29(d)		200		192,375
4.40%, 04/16/50(d)		200		171,434
4.50%, 04/23/28(d)		200		196,848
4.63%, 06/02/46(d)		200		180,030
4.82%, 03/14/49(d)		200		182,596
5.10%, 04/23/48(d)		200		190,597
5.75%, 01/20/42(b)		200		209,100
				1,511,369
Romania — 0.1%
Romanian Government International Bond
3.00%, 02/27/27(d)		50		46,327
3.00%, 02/14/31(d)		100		82,869
3.63%, 03/27/32(d)		66		55,584
4.00%, 02/14/51(d)		130		89,638
5.13%, 06/15/48(d)		50		41,967
5.25%, 11/25/27(d)		50		48,974
6.00%, 05/25/34(d)		50		48,893
6.13%, 01/22/44(c)(d)		50		47,493
6.38%, 01/30/34(d)		200		199,540
7.13%, 01/17/33(d)		40		42,067
				703,352
South Africa — 0.1%
Republic of South Africa Government
International Bond
4.88%, 04/14/26		200		193,326
5.65%, 09/27/47		200		144,341
6.25%, 03/08/41		225		184,800
				522,467
South Korea — 0.1%
Korea Development Bank (The), 1.25%, 06/03/25(d)		400		384,212
Korea International Bond, 1.75%, 10/15/31		200		163,303
Korea Mine Rehabilitation & Mineral Resources Corp.,
5.13%, 05/08/29(d)		200		197,986
				745,501
Supranational — 1.8%
Africa Finance Corp., 4.38%, 04/17/26(d)		200		193,236
African Development Bank
0.88%, 03/23/26		215		199,861
0.88%, 07/22/26		245		225,109
4.38%, 11/03/27		160		158,095
4.38%, 03/14/28		40		39,516
4.63%, 01/04/27		50		49,768
Council of Europe Development Bank
0.88%, 09/22/26		210		191,797
4.13%, 01/24/29		55		53,858
Council Of Europe Development Bank, 3.75%,
05/25/26		20		19,548
European Bank for Reconstruction & Development
0.50%, 11/25/25		85		79,500
4.13%, 01/25/29		180		176,250
4.25%, 03/13/34		100		97,022
European Investment Bank
0.00%, 11/06/26(i)		10		8,905
0.38%, 12/15/25		180		167,697
0.38%, 03/26/26		285		262,590
0.63%, 07/25/25		120		113,996
0.63%, 10/21/27		45		39,323
0.75%, 10/26/26		280		254,548

 37

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Supranational (continued)
0.75%, 09/23/30	$	65	$	51,556
0.88%, 05/17/30		99		80,008
1.25%, 02/14/31		75		60,875
1.38%, 03/15/27		120		109,542
1.63%, 10/09/29		60		51,673
1.63%, 05/13/31		5		4,143
1.75%, 03/15/29		10		8,785
2.13%, 04/13/26		155		147,392
2.38%, 05/24/27		235		219,959
3.25%, 11/15/27		40		38,177
3.75%, 02/14/33		250		235,443
3.88%, 03/15/28		205		199,419
4.00%, 02/15/29		510		496,893
4.13%, 02/13/34		300		288,685
4.38%, 03/19/27		200		197,962
4.88%, 02/15/36		105		106,813
European Stability Mechanism, 0.38%, 09/10/25(b)		215		202,483
Inter-American Development Bank
0.63%, 07/15/25		105		99,834
0.63%, 09/16/27		90		78,872
0.88%, 04/20/26		330		306,007
1.13%, 07/20/28		50		43,477
1.13%, 01/13/31		215		172,623
1.50%, 01/13/27		150		137,992
2.00%, 06/02/26		75		70,829
2.00%, 07/23/26		185		174,226
2.25%, 06/18/29		161		144,051
2.38%, 07/07/27		100		93,206
3.13%, 09/18/28		219		206,115
3.20%, 08/07/42		5		3,956
3.50%, 09/14/29		205		194,375
3.50%, 04/12/33		100		91,837
3.88%, 10/28/41		75		65,360
4.00%, 01/12/28		100		97,669
4.13%, 02/15/29		25		24,495
4.38%, 02/01/27		45		44,539
4.38%, 01/24/44		29		26,845
International Bank for Reconstruction & Development
0.38%, 07/28/25		215		203,586
0.50%, 10/28/25		280		262,735
0.65%, 02/10/26 (Call 08/10/24)		5		4,613
0.75%, 11/24/27(c)		209		182,804
0.75%, 08/26/30		151		119,803
0.85%, 02/10/27 (Call 08/10/24)		30		26,476
0.88%, 07/15/26		55		50,627
0.88%, 05/14/30		169		136,490
1.13%, 09/13/28		380		328,838
1.25%, 02/10/31		176		142,274
1.38%, 04/20/28		215		190,141
1.63%, 11/03/31		240		195,504
1.75%, 10/23/29		275		237,840
1.88%, 10/27/26		273		254,886
2.50%, 07/29/25		387		375,547
2.50%, 11/22/27		110		102,367
3.13%, 11/20/25		50		48,628
3.13%, 06/15/27		160		152,826
3.50%, 07/12/28		205		196,397
3.88%, 02/14/30		85		81,922
4.00%, 01/10/31		300		289,651
4.75%, 11/14/33		245		247,796
4.75%, 02/15/35		25		24,994

Security	Par  (000)		Value
Supranational (continued)
Nordic Investment Bank
0.38%, 09/11/25	$	365	$	343,755
4.25%, 02/28/29		200		196,839
4.38%, 03/14/28		15		14,821
				11,318,895
Sweden — 0.1%
Svensk Exportkredit AB
0.50%, 08/26/25		215		202,821
2.25%, 03/22/27		200		186,166
4.13%, 06/14/28		35		34,140
4.88%, 10/04/30		60		60,263
				483,390
United Arab Emirates — 0.3%
Abu Dhabi Government International Bond
1.70%, 03/02/31(d)		200		163,230
1.88%, 09/15/31(d)		200		162,803
2.50%, 09/30/29(d)		200		177,363
3.13%, 10/11/27(d)		200		188,155
3.13%, 09/30/49(d)		200		136,767
3.88%, 04/16/50(d)		200		156,107
4.13%, 10/11/47(d)		200		164,324
5.50%, 04/30/54(b)		200		199,467
Dubai DOF Sukuk Ltd., 2.76%, 09/09/30(d)		200		179,500
Finance Department Government of Sharjah, 3.63%,
03/10/33(d)		200		167,119
UAE International Government Bond, 2.88%,
10/19/41(d)		400		287,922
				1,982,757
United Kingdom — 0.0%
Bank of England Euro Note
4.50%, 03/05/27(b)		85		84,383
4.63%, 03/06/26(b)		20		19,866
				104,249
Uruguay — 0.1%
Uruguay Government International Bond
4.13%, 11/20/45		50		43,009
4.38%, 01/23/31 (Call 10/23/30)		90		87,037
4.98%, 04/20/55		98		88,791
5.10%, 06/18/50		154		144,034
7.63%, 03/21/36		100		118,516
7.88%, 01/15/33, (7.88% PIK)(c)(e)		85		100,151
				581,538
Total Foreign Government Obligations — 6.7%
(Cost: $44,943,848)				41,688,301
U.S. Government & Agency Obligations
Mortgage-Backed Securities — 22.7%
Federal Home Loan Mortgage Corp.
3.00%, 05/01/29		348		336,262
4.00%, 01/01/48		34		31,497
Federal Home Loan Mortgage Corp. Multifamily
Structured Pass-Through Certificates
Series K043, Class A2, 3.06%, 12/25/24
(Call 01/25/25)		73		72,254
Series K048, Class A2, 3.28%, 06/25/25
(Call 08/25/25), (1-day SOFR + 2.127%)(a)		100		97,954
Series K058, Class A2, 2.65%, 08/25/26
(Call 09/25/26)		75		71,128

38

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Mortgage-Backed Securities (continued)
Series K064, Class A2, 3.22%, 03/25/27
(Call 05/25/27)	$	100	$	95,368
Series K070, Class A2, 3.30%, 11/25/27
(Call 12/25/27)(a)		200		189,615
Series K115, Class A2, 1.38%, 06/25/30
(Call 07/25/30)		50		40,882
Series K131, Class A2, 1.85%, 07/25/31
(Call 09/25/31)		1,000		819,519
Series K735, Class A2, 2.86%, 05/25/26
(Call 06/25/26)		681		653,337
Series K739, Class A2, 1.34%, 09/25/27
(Call 09/25/27)		180		161,557
Federal National Mortgage Association
Series 2017-M3, Class A2, 2.46%, 12/25/26(a)		147		137,926
Series 2018-M12, Class A2, 3.63%, 08/25/30,
(1-day SOFR + 2.127%)(a)		50		46,480
Series 2021-M13, Class A2, 1.60%, 04/25/31,
(1-day SOFR + 2.127%)(a)		340		274,406
Series 2021-M17, Class A2, 1.71%, 07/25/31,
(1-day SOFR + 2.127%)(a)		250		202,438
Series 2022-M1, Class A2, 1.67%, 10/25/31,
(1-day SOFR + 2.127%)(a)		490		391,784
Government National Mortgage Association
2.00%, 08/20/50		152		122,521
2.00%, 11/20/50		407		327,510
2.00%, 12/20/50		2,932		2,356,986
2.00%, 01/20/51		3,996		3,211,622
2.00%, 02/20/51		1,548		1,242,105
2.00%, 10/20/51		1,920		1,541,025
2.00%, 12/20/51		376		301,953
2.50%, 10/20/50		492		411,014
2.50%, 01/20/51		175		146,021
2.50%, 05/20/51		1,934		1,614,709
2.50%, 08/20/51		116		96,471
2.50%, 11/20/51		3,286		2,739,783
2.50%, 12/20/51		828		690,087
2.50%, 02/20/52		1,713		1,427,750
2.50%, 08/20/52		338		281,845
2.50%, 06/15/54(j)		175		145,852
3.00%, 03/20/45		30		26,547
3.00%, 12/20/45		4		3,155
3.00%, 01/20/46		4		3,156
3.00%, 03/20/46		242		211,815
3.00%, 05/20/46		2		1,935
3.00%, 08/20/46		10		8,375
3.00%, 09/20/46		87		76,192
3.00%, 04/20/49		45		39,049
3.00%, 10/15/49		30		26,057
3.00%, 12/20/49		971		844,001
3.00%, 01/20/50		136		118,627
3.00%, 02/20/50		339		294,598
3.00%, 07/20/50		113		98,078
3.00%, 12/20/50		156		135,374
3.00%, 08/20/51		1,015		878,408
3.00%, 09/20/51		861		743,998
3.00%, 10/20/51		567		490,217
3.00%, 11/20/51		131		113,656
3.00%, 12/20/51		423		365,361
3.00%, 02/20/52		869		750,891
3.50%, 10/20/42		706		644,343
3.50%, 05/20/47		399		359,858

Security	Par  (000)		Value
Mortgage-Backed Securities (continued)
3.50%, 09/20/47	$	762	$	686,386
3.50%, 02/20/48		138		124,573
3.50%, 03/20/49		338		304,159
3.50%, 09/20/49		211		189,128
3.50%, 10/20/49		141		126,650
3.50%, 12/20/49		59		53,043
3.50%, 01/20/50		315		282,814
3.50%, 01/20/52		883		788,164
3.50%, 02/20/52		312		278,196
3.50%, 06/15/54(j)		200		178,465
4.00%, 02/20/49		743		690,845
4.00%, 01/20/50		43		39,644
4.00%, 07/20/52		87		80,451
4.00%, 08/20/52		320		294,147
4.00%, 09/20/52		738		677,987
4.00%, 12/20/52		211		193,986
4.00%, 06/15/54(j)		675		620,441
4.50%, 07/20/41		171		166,339
4.50%, 09/20/48		85		80,980
4.50%, 01/20/49		168		160,532
4.50%, 06/20/53		636		600,620
4.50%, 06/15/54(j)		1,350		1,276,351
5.00%, 07/20/52		46		44,949
5.00%, 09/20/52		470		456,729
5.00%, 12/20/52		366		355,363
5.00%, 01/20/53		231		224,607
5.00%, 04/20/53		139		135,028
5.00%, 06/15/54(j)		1,090		1,057,869
5.50%, 12/20/52		663		658,131
5.50%, 01/20/53		68		67,119
5.50%, 04/20/53		267		265,058
5.50%, 06/20/53		185		183,598
5.50%, 07/20/53		246		245,255
5.50%, 06/15/54(j)		550		545,559
6.00%, 09/20/53		143		143,585
6.00%, 10/20/53		215		216,231
6.00%, 01/20/54		93		93,777
6.00%, 06/15/54(j)		1,525		1,534,337
6.50%, 12/20/53		49		49,869
6.50%, 02/20/54		50		50,352
6.50%, 06/15/54(j)		1,450		1,471,826
Uniform Mortgage-Backed Securities
1.50%, 03/01/36		153		130,241
1.50%, 10/01/36		60		50,987
1.50%, 02/01/37		1,226		1,041,749
1.50%, 03/01/37		1,229		1,043,579
1.50%, 03/01/37(b)		313		265,625
1.50%, 04/01/37		119		101,466
1.50%, 08/01/37		105		89,063
1.50%, 06/15/39(j)		200		169,605
1.50%, 11/01/50		429		316,181
1.50%, 03/01/51		611		449,703
1.50%, 04/01/51		450		331,227
1.50%, 05/01/51		866		637,190
1.50%, 07/01/51		1,545		1,136,766
2.00%, 12/01/35		43		37,761
2.00%, 02/01/36		712		627,105
2.00%, 03/01/36		139		122,384
2.00%, 04/01/36		51		44,359
2.00%, 05/01/36		30		26,398
2.00%, 06/01/36		562		492,922

 39

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Mortgage-Backed Securities (continued)
2.00%, 08/01/36	$	382	$	335,154
2.00%, 09/01/36		684		599,653
2.00%, 10/01/36		223		195,804
2.00%, 11/01/36		199		174,758
2.00%, 12/01/36		430		377,079
2.00%, 01/01/37		586		513,976
2.00%, 02/01/37		725		634,902
2.00%, 04/01/37		1,877		1,642,184
2.00%, 05/01/37		285		248,388
2.00%, 06/01/37		610		532,322
2.00%, 06/15/39(j)		225		196,501
2.00%, 07/01/50		250		195,149
2.00%, 08/01/50		794		622,420
2.00%, 09/01/50		326		253,910
2.00%, 10/01/50		744		579,843
2.00%, 11/01/50		1,648		1,282,051
2.00%, 12/01/50		56		43,723
2.00%, 01/01/51		684		532,883
2.00%, 02/01/51		381		295,806
2.00%, 03/01/51		2,093		1,626,943
2.00%, 04/01/51		1,260		978,843
2.00%, 05/01/51		1,042		810,647
2.00%, 06/01/51		800		623,776
2.00%, 07/01/51		602		468,549
2.00%, 08/01/51		1,932		1,497,442
2.00%, 10/01/51		2,728		2,123,269
2.00%, 11/01/51		2,279		1,770,881
2.00%, 12/01/51		2,628		2,054,399
2.00%, 01/01/52		2,609		2,024,315
2.00%, 02/01/52		426		329,083
2.00%, 03/01/52		44		34,147
2.00%, 06/15/54(j)		1,175		906,295
2.50%, 07/01/32		317		295,141
2.50%, 11/01/34		36		32,540
2.50%, 10/01/35		102		92,680
2.50%, 03/01/36		81		73,673
2.50%, 05/01/36		438		392,951
2.50%, 06/01/36		81		72,724
2.50%, 07/01/36		316		283,556
2.50%, 08/01/36		86		77,474
2.50%, 04/01/37		314		283,225
2.50%, 05/01/37		344		309,664
2.50%, 06/01/37		344		309,545
2.50%, 06/15/39(j)		750		673,632
2.50%, 10/01/50		94		77,700
2.50%, 11/01/50		1,236		1,010,379
2.50%, 12/01/50		285		231,726
2.50%, 01/01/51		282		228,686
2.50%, 03/01/51		504		411,152
2.50%, 04/01/51		131		106,119
2.50%, 07/01/51		375		305,893
2.50%, 08/01/51		1,426		1,170,531
2.50%, 09/01/51		1,548		1,263,911
2.50%, 10/01/51		1,062		862,166
2.50%, 11/01/51		2,310		1,873,837
2.50%, 12/01/51		3,276		2,670,010
2.50%, 01/01/52		2,954		2,396,955
2.50%, 02/01/52		435		354,429
2.50%, 03/01/52		1,321		1,068,237
2.50%, 04/01/52		1,721		1,403,307
2.50%, 06/15/54(j)		600		484,409

Security	Par  (000)		Value
Mortgage-Backed Securities (continued)
3.00%, 03/01/30	$	76	$	72,797
3.00%, 09/01/34		362		336,547
3.00%, 03/01/35		33		30,887
3.00%, 07/01/35		25		23,125
3.00%, 06/15/39(j)		1,100		1,011,520
3.00%, 11/01/46		88		76,118
3.00%, 04/01/48		567		498,777
3.00%, 11/01/48		115		99,734
3.00%, 02/01/49		813		704,191
3.00%, 12/01/49		1,137		976,633
3.00%, 08/01/50		165		141,778
3.00%, 10/01/50		245		206,893
3.00%, 01/01/51		71		61,017
3.00%, 04/01/51		76		63,969
3.00%, 07/01/51		1,043		888,064
3.00%, 08/01/51		405		342,386
3.00%, 11/01/51		64		54,478
3.00%, 01/01/52		1,204		1,023,317
3.00%, 02/01/52		439		371,535
3.00%, 04/01/52		4,377		3,705,762
3.00%, 05/01/52		895		756,707
3.00%, 06/15/54(j)		125		105,096
3.50%, 02/01/34		99		94,487
3.50%, 06/15/39(j)		575		540,455
3.50%, 07/01/45		1,602		1,438,854
3.50%, 07/01/47		56		50,153
3.50%, 09/01/47		576		514,537
3.50%, 10/01/47		302		269,680
3.50%, 11/01/47		75		66,980
3.50%, 02/01/48		355		317,109
3.50%, 02/01/49		57		51,724
3.50%, 03/01/49		228		204,085
3.50%, 06/01/49		336		299,993
3.50%, 08/01/49		65		58,176
3.50%, 12/01/49		304		267,332
3.50%, 02/01/51		1,603		1,423,739
3.50%, 10/01/51		709		633,512
3.50%, 06/01/52		891		787,671
3.50%, 07/01/52		307		271,837
3.50%, 06/15/54(j)		625		547,937
3.50%, 07/15/54(j)		125		109,631
4.00%, 08/01/37		30		28,797
4.00%, 09/01/37		44		41,946
4.00%, 11/01/37		59		56,708
4.00%, 02/01/38		31		30,019
4.00%, 05/01/38		27		26,203
4.00%, 11/01/38		17		16,713
4.00%, 06/15/39(j)		600		575,248
4.00%, 09/01/47		37		34,457
4.00%, 05/01/48		1,115		1,027,574
4.00%, 09/01/48		332		305,756
4.00%, 03/01/49		169		155,557
4.00%, 07/01/49		679		625,572
4.00%, 08/01/49		243		224,001
4.00%, 04/01/50		510		469,272
4.00%, 05/01/50		239		219,289
4.00%, 03/01/51		1,184		1,090,600
4.00%, 05/01/52		498		453,258
4.00%, 06/01/52		648		589,460
4.00%, 08/01/52		588		534,957
4.00%, 06/15/54(j)		750		680,590

40

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
Mortgage-Backed Securities (continued)
4.50%, 04/01/49	$	77	$	73,585
4.50%, 09/01/50		378		359,847
4.50%, 10/01/50		137		129,634
4.50%, 05/01/52		152		144,151
4.50%, 06/01/52		727		681,592
4.50%, 09/01/52		1,028		964,668
4.50%, 10/01/52		1,852		1,742,382
4.50%, 11/01/52		42		39,468
4.50%, 12/01/52		320		302,504
4.50%, 08/01/53		38		35,387
4.50%, 06/15/54(j)		100		93,634
5.00%, 09/01/49		26		25,056
5.00%, 08/01/52		113		109,476
5.00%, 09/01/52		266		258,011
5.00%, 10/01/52		395		381,881
5.00%, 11/01/52		340		329,558
5.00%, 12/01/52		291		282,044
5.00%, 01/01/53		816		787,604
5.00%, 03/01/53		91		88,458
5.00%, 04/01/53		234		225,612
5.00%, 06/01/53		192		185,402
5.00%, 06/15/54(j)		1,975		1,900,671
5.50%, 09/01/52		112		111,975
5.50%, 11/01/52		161		160,013
5.50%, 12/01/52		620		614,807
5.50%, 01/01/53		712		708,094
5.50%, 02/01/53		320		315,900
5.50%, 03/01/53		187		185,921
5.50%, 04/01/53		153		151,656
5.50%, 05/01/53		636		626,109
5.50%, 06/01/53		44		43,471
5.50%, 06/15/54(j)		2,305		2,267,610
6.00%, 01/01/53		72		72,708
6.00%, 06/01/53		83		83,963
6.00%, 07/01/53		220		219,766
6.00%, 08/01/53		329		333,046
6.00%, 09/01/53		433		435,351
6.00%, 11/01/53		628		631,143
6.00%, 12/01/53		191		192,013
6.00%, 02/01/54		117		117,517
6.00%, 06/15/54(j)		1,775		1,777,438
6.50%, 10/01/53		52		52,563
6.50%, 11/01/53		62		63,665
6.50%, 12/01/53		597		611,430
6.50%, 01/01/54		405		415,230
6.50%, 02/01/54		496		510,481
6.50%, 06/15/54(j)		1,675		1,702,423
				140,872,271
U.S. Government Obligations — 36.8%
U.S. Treasury Note/Bond
0.25%, 05/31/25		1,250		1,190,625
0.25%, 06/30/25		1,150		1,091,781
0.25%, 07/31/25		1,200		1,134,984
0.25%, 08/31/25		300		282,621
0.25%, 09/30/25		1,280		1,201,650
0.25%, 10/31/25		1,300		1,215,855
0.38%, 04/30/25		1,590		1,522,301
0.38%, 11/30/25		1,000		933,867
0.38%, 12/31/25		1,560		1,451,531
0.38%, 01/31/26		3,370		3,124,885
0.38%, 09/30/27		1,100		957,258

Security	Par  (000)		Value
U.S. Government Obligations (continued)
0.50%, 02/28/26	$	800	$	741,188
0.50%, 05/31/27		1,000		884,687
0.50%, 08/31/27		780		683,780
0.50%, 10/31/27		230		200,405
0.63%, 07/31/26		2,000		1,829,687
0.63%, 11/30/27		700		610,859
0.63%, 12/31/27		1,445		1,257,150
0.63%, 05/15/30		115		91,964
0.63%, 08/15/30		2,050		1,624,145
0.75%, 03/31/26		300		278,414
0.75%, 04/30/26		1,400		1,295,547
0.75%, 08/31/26		600		548,672
0.75%, 01/31/28		1,700		1,481,789
0.88%, 06/30/26		2,300		2,122,109
0.88%, 09/30/26		1,900		1,738,500
0.88%, 11/15/30		1,190		951,442
1.00%, 07/31/28		2,100		1,819,617
1.13%, 10/31/26		1,100		1,009,422
1.13%, 02/28/27		700		636,289
1.13%, 02/29/28		2,130		1,878,394
1.13%, 08/31/28		2,400		2,085,750
1.13%, 02/15/31		1,015		820,723
1.13%, 05/15/40		2,000		1,211,562
1.13%, 08/15/40		1,590		954,000
1.25%, 11/30/26		1,900		1,744,883
1.25%, 12/31/26		1,700		1,558,289
1.25%, 03/31/28		2,550		2,253,961
1.25%, 04/30/28		1,400		1,234,844
1.25%, 05/31/28		1,600		1,407,750
1.25%, 06/30/28		1,660		1,457,169
1.25%, 09/30/28		1,700		1,482,320
1.25%, 08/15/31		1,950		1,564,875
1.25%, 05/15/50		1,055		513,818
1.38%, 10/31/28		1,970		1,722,980
1.38%, 12/31/28		1,400		1,219,422
1.38%, 11/15/31		1,950		1,567,922
1.38%, 11/15/40		1,480		921,300
1.38%, 08/15/50		1,440		724,275
1.50%, 08/15/26		1,400		1,303,750
1.50%, 01/31/27		2,000		1,840,469
1.50%, 11/30/28		1,300		1,141,055
1.63%, 05/15/26		1,650		1,550,678
1.63%, 10/31/26		600		557,438
1.63%, 05/15/31		1,800		1,494,844
1.63%, 11/15/50		1,600		860,750
1.75%, 03/15/25(c)		910		885,793
1.75%, 01/31/29		2,800		2,476,469
1.75%, 08/15/41		1,820		1,186,981
1.88%, 02/28/27		1,000		927,812
1.88%, 02/28/29		1,050		932,613
1.88%, 02/15/32		2,150		1,785,844
1.88%, 02/15/41		1,350		911,883
1.88%, 02/15/51		1,770		1,016,091
1.88%, 11/15/51		1,570		895,391
2.00%, 08/15/25		1,100		1,060,426
2.00%, 11/15/26		2,000		1,873,750
2.00%, 11/15/41		1,300		881,156
2.00%, 02/15/50		900		538,031
2.00%, 08/15/51		1,850		1,092,367
2.25%, 11/15/25		1,550		1,489,756
2.25%, 03/31/26		600		572,344

 41

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
U.S. Government Obligations (continued)
2.25%, 02/15/27	$	570	$	534,865
2.25%, 08/15/27		700		650,453
2.25%, 11/15/27		1,000		925,391
2.25%, 05/15/41		1,550		1,107,766
2.25%, 08/15/46		1,300		856,172
2.25%, 08/15/49		200		127,375
2.25%, 02/15/52		1,320		826,650
2.38%, 05/15/27		600		562,406
2.38%, 03/31/29		680		617,313
2.38%, 05/15/29		1,000		906,094
2.38%, 02/15/42		1,300		935,187
2.38%, 11/15/49		500		327,109
2.38%, 05/15/51		2,000		1,296,562
2.50%, 03/31/27		700		659,914
2.50%, 02/15/45		1,075		757,371
2.50%, 02/15/46		760		529,269
2.50%, 05/15/46		900		625,078
2.63%, 01/31/26		560		539,044
2.63%, 05/31/27		1,400		1,320,812
2.63%, 02/15/29		1,000		920,312
2.63%, 07/31/29		1,000		913,984
2.75%, 05/15/25		1,800		1,759,430
2.75%, 04/30/27		3,000		2,844,141
2.75%, 02/15/28		1,400		1,312,281
2.75%, 05/31/29		900		829,688
2.75%, 08/15/32		2,400		2,114,250
2.75%, 08/15/42		290		220,173
2.75%, 11/15/42		400		302,688
2.75%, 08/15/47		550		395,742
2.75%, 11/15/47		600		430,781
2.88%, 05/31/25		600		586,570
2.88%, 06/15/25		650		634,969
2.88%, 05/15/28		1,000		939,375
2.88%, 08/15/28		600		561,797
2.88%, 04/30/29		800		742,688
2.88%, 05/15/32		2,000		1,784,062
2.88%, 05/15/43		200		153,531
2.88%, 08/15/45		960		720,300
2.88%, 11/15/46		600		445,125
2.88%, 05/15/49		200		145,719
2.88%, 05/15/52		1,300		938,031
3.00%, 07/15/25		1,300		1,270,039
3.00%, 09/30/25		480		467,325
3.00%, 10/31/25		250		243,027
3.00%, 05/15/42		250		198,047
3.00%, 11/15/44		500		385,938
3.00%, 05/15/45		990		760,753
3.00%, 11/15/45		400		306,375
3.00%, 02/15/47		500		378,672
3.00%, 05/15/47		600		453,656
3.00%, 02/15/48		800		601,125
3.00%, 08/15/48		700		524,563
3.00%, 02/15/49		300		224,297
3.00%, 08/15/52		1,400		1,037,094
3.13%, 08/15/25		1,130		1,104,001
3.13%, 11/15/28		1,100		1,037,781
3.13%, 08/31/29		700		655,047
3.13%, 02/15/43		500		400,313
3.13%, 08/15/44		500		395,156
3.13%, 05/15/48		550		422,469
3.25%, 06/30/27		900		864,211

Security	Par  (000)		Value
U.S. Government Obligations (continued)
3.25%, 06/30/29	$	700	$	660,023
3.25%, 05/15/42		700		575,859
3.38%, 05/15/33		2,800		2,570,312
3.38%, 08/15/42		400		334,188
3.38%, 05/15/44		100		82,359
3.38%, 11/15/48		1,500		1,202,812
3.50%, 09/15/25		1,000		980,273
3.50%, 01/31/28		638		614,524
3.50%, 04/30/28		1,000		961,797
3.50%, 01/31/30		700		664,781
3.50%, 04/30/30		800		758,375
3.50%, 02/15/33		2,400		2,228,625
3.63%, 05/15/26		1,300		1,269,785
3.63%, 03/31/28		1,300		1,256,633
3.63%, 05/31/28		1,400		1,352,312
3.63%, 03/31/30		700		668,445
3.63%, 08/15/43		200		171,875
3.63%, 02/15/53		1,114		933,149
3.63%, 05/15/53		1,030		862,947
3.75%, 04/15/26		2,050		2,007,959
3.75%, 12/31/28		1,200		1,161,656
3.75%, 05/31/30		400		384,156
3.75%, 06/30/30		438		420,377
3.75%, 12/31/30		800		766,000
3.75%, 11/15/43		300		262,266
3.88%, 03/31/25		700		692,398
3.88%, 01/15/26		100		98,266
3.88%, 11/30/27		800		781,000
3.88%, 12/31/27		800		780,938
3.88%, 09/30/29		700		678,891
3.88%, 11/30/29		700		678,398
3.88%, 12/31/29		800		774,875
3.88%, 08/15/33		2,200		2,096,875
3.88%, 02/15/43		488		436,455
3.88%, 05/15/43		486		433,831
4.00%, 12/15/25		513		505,325
4.00%, 02/15/26		1,900		1,870,238
4.00%, 01/15/27		1,200		1,178,719
4.00%, 02/29/28		1,000		979,766
4.00%, 06/30/28		538		526,820
4.00%, 01/31/29		2,000		1,956,406
4.00%, 02/28/30		800		779,438
4.00%, 07/31/30		600		583,688
4.00%, 01/31/31		900		874,125
4.00%, 02/15/34		1,900		1,827,266
4.00%, 11/15/42		488		444,919
4.00%, 11/15/52		900		808,313
4.13%, 06/15/26		1,441		1,420,511
4.13%, 02/15/27		1,800		1,773,562
4.13%, 09/30/27		900		886,078
4.13%, 07/31/28		500		491,875
4.13%, 03/31/29		1,700		1,671,445
4.13%, 08/31/30		300		293,719
4.13%, 03/31/31		800		782,625
4.13%, 11/15/32		2,800		2,726,937
4.13%, 08/15/53		1,338		1,227,406
4.25%, 05/31/25		526		521,151
4.25%, 10/15/25		820		811,191
4.25%, 01/31/26		800		790,813
4.25%, 03/15/27		1,400		1,384,031
4.25%, 02/28/29		800		791,188

42

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024	(Percentages shown are based on Net Assets)

Security	Par  (000)		Value
U.S. Government Obligations (continued)
4.25%, 02/28/31	$	1,000	$	985,625
4.25%, 05/15/39		400		386,563
4.25%, 02/15/54		900		844,312
4.38%, 08/15/26		1,200		1,188,750
4.38%, 12/15/26		1,500		1,486,875
4.38%, 08/31/28		800		794,500
4.38%, 11/30/28		2,300		2,285,805
4.38%, 11/30/30		1,200		1,190,906
4.38%, 05/15/34		500		495,547
4.38%, 08/15/43		963		919,966
4.50%, 11/15/25		701		695,633
4.50%, 03/31/26		700		694,941
4.50%, 07/15/26		501		497,595
4.50%, 05/31/29		2,000		2,000,469
4.50%, 05/31/31		1,000		1,007,656
4.50%, 11/15/33		2,800		2,800,875
4.50%, 02/15/36(c)		100		100,766
4.50%, 02/15/44		500		485,391
4.63%, 06/30/25		700		696,145
4.63%, 03/15/26		2,000		1,989,531
4.63%, 09/15/26		1,400		1,394,641
4.63%, 10/15/26		1,400		1,395,078
4.63%, 11/15/26		1,000		996,875
4.63%, 09/30/28		600		601,734
4.63%, 04/30/29		2,000		2,010,000
4.63%, 09/30/30		600		603,656
4.63%, 04/30/31		800		806,000
4.63%, 05/15/54		800		799,000
4.75%, 07/31/25		524		521,769
4.75%, 02/15/37		600		616,781
4.75%, 11/15/43		910		912,559
4.75%, 11/15/53		1,400		1,426,687
4.88%, 11/30/25		800		798,219
4.88%, 10/31/28		1,400		1,418,266
4.88%, 10/31/30		500		510,039
5.00%, 05/15/37		400		420,875
				228,334,309
Total U.S. Government & Agency Obligations — 59.5%
(Cost: $415,339,776)				369,206,580
Total Long-Term Investments — 98.6%
(Cost: $677,329,643)				611,273,250

	Shares
Short-Term Securities
Money Market Funds — 5.3%
BlackRock Cash Funds: Treasury, SL Agency Shares, .28%(k)(l)(m)		33,165,786	33,165,786
Total Short-Term Securities — 5.3%
(Cost: $33,165,786)			33,165,786
Total Investments Before TBA Sales Commitments — 103.9%
(Cost: $710,495,429)			644,439,036

Security	Par  (000)			Value
TBA Sales Commitments(j)
Mortgage-Backed Securities — (0.0)%
Uniform Mortgage-Backed Securities, 3.50%, 06/15/54	$	(125	)	$	(109,587	)
Total TBA Sales Commitments — (0.0)%
(Proceeds: $(109,731))					(109,587	)
Total Investments, Net of TBA Sales Commitments — 103.9%
(Cost: $710,385,698)					644,329,449
Liabilities in Excess of Other Assets — (3.9)%					(24,127,833	)
Net Assets — 100.0%				$	620,201,616

^(a)  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.

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

^(d)  This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(e)  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.

^(f)  Perpetual security with no stated maturity date.

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

^(h)  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.

⁽ⁱ⁾  Zero-coupon bond.

^(j)  Represents or includes a TBA transaction.

^(k)  Affiliate of the Fund.

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

^(m)  All or a portion of this security was purchased with the cash collateral from loaned securities.

 43

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 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 02/29/24		Purchases at Cost			Proceeds from Sales		Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 05/31/24		Shares Held at 05/31/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Treasury, SL Agency Shares	$	27,853,397	$	5,312,389	(a)	$	—	$	—	$	—	$	33,165,786		33,165,786	$	310,738	(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 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
Asset-Backed Securities	$	—	$	2,196,326		$	—	$	2,196,326
Collaterized Mortgage Obligations		—		6,085,817			—		6,085,817
Corporate Bonds & Notes		—		192,096,226			—		192,096,226
Foreign Government Obligations		—		41,688,301			—		41,688,301
U.S. Government & Agency Obligations		—		369,206,580			—		369,206,580
Short-Term Securities
Money Market Funds		33,165,786		—			—		33,165,786
Liabilities
Investments
TBA Sales Commitments		—		(109,587	)		—		(109,587	)
	$	33,165,786	$	611,163,663		$	—	$	644,329,449

Portfolio Abbreviation

CMT	Constant Maturity Treasury	PIK	Payment-in-kind
LIBOR	London Interbank Offered Rate	PJSC	Public Joint Stock Company

44

Schedule of Investments (unaudited) (continued)	iShares® ESG Advanced Total USD Bond Market ETF
May 31, 2024

Portfolio Abbreviation (continued)

REIT	Real Estate Investment Trust
SOFR	Secured Overnight Financing Rate
TBA	To-Be-Announced

 45