Schedule of Investments  (unaudited) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)			Value
Corporate Bonds & Notes
Australia — 0.3%
FMG Resources August 2006 Pty Ltd.
4.50%, 09/15/27 (Call 06/15/27)(a)		USD	100	$	108,685
4.75%, 05/15/22 (Call 02/15/22)(a)		USD	100		104,683
5.13%, 03/15/23 (Call 12/15/22)(a)		USD	65		68,876
5.13%, 05/15/24 (Call 02/15/24)(a)		USD	100		108,318
					390,562
Austria — 0.2%
ams AG, 6.00%, 07/31/25 (Call 07/31/22)(b)		EUR	100		119,480
Novomatic AG, 1.63%, 09/20/23		EUR	100		108,456
Wienerberger AG, 2.00%, 05/02/24(b)		EUR	50		59,689
					287,625
Belgium — 0.2%
Telenet Finance Luxembourg Notes Sarl
3.50%, 03/01/28 (Call 12/01/22)(b)		EUR	100		122,192
5.50%, 03/01/28 (Call 12/01/22)(a)		USD	200		212,200
					334,392
Bermuda — 0.1%
Weatherford International Ltd., 11.00%, 12/01/24 (Call 12/01/21)(a)		USD	240		172,152
Brazil — 0.5%
JBS Investments II GmbH, 7.00%, 01/15/26 (Call 01/15/22)(a)		USD	200		215,000
JBS USA LUX SA/JBS USA Finance Inc.
5.88%, 07/15/24 (Call 08/31/20)(a)		USD	110		112,088
6.75%, 02/15/28 (Call 02/15/23)(a)		USD	125		139,687
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc.
5.50%, 01/15/30 (Call 01/15/25)(a)		USD	160		176,781
6.50%, 04/15/29 (Call 04/15/24)(a)		USD	155		174,908
					818,464
Canada — 3.1%
1011778 BC ULC/New Red Finance Inc.
3.88%, 01/15/28 (Call 09/15/22)(a)(c)		USD	70		72,778
4.25%, 05/15/24 (Call 08/31/20)(a)		USD	190		193,180
4.38%, 01/15/28 (Call 11/15/22)(a)		USD	95		98,812
5.00%, 10/15/25 (Call 10/15/20)(a)		USD	330		337,425
5.75%, 04/15/25 (Call 04/15/22)(a)		USD	15		16,163
Bombardier Inc.
5.75%, 03/15/22(a)		USD	65		61,100
6.00%, 10/15/22 (Call 08/31/20)(a)		USD	125		114,750
6.13%, 01/15/23(a)		USD	155		135,517
7.50%, 12/01/24 (Call 12/01/20)(a)		USD	100		80,701
7.50%, 03/15/25 (Call 08/31/20)(a)		USD	160		129,200
7.88%, 04/15/27 (Call 04/15/22)(a)		USD	220		174,900
8.75%, 12/01/21(a)		USD	130		130,000
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp.
4.88%, 02/15/30 (Call 02/15/25)(a)		USD	50		45,317
6.13%, 05/15/23 (Call 08/31/20)(a)		CAD	35		26,113
6.25%, 09/15/27 (Call 09/15/22)(a)		USD	82		82,041
Cenovus Energy Inc.
3.00%, 08/15/22 (Call 05/15/22)		USD	25		25,242
3.80%, 09/15/23 (Call 06/15/23)		USD	50		50,079
4.25%, 04/15/27 (Call 01/15/27)		USD	100		94,471
5.38%, 07/15/25 (Call 04/15/25)		USD	20		20,000
CES Energy Solutions Corp., 6.38%, 10/21/24 (Call 10/21/20)		CAD	40		26,154

Security	Par (000)			Value
Canada (continued)
Clarios Global LP, 6.75%, 05/15/25 (Call 05/15/22)(a)		USD	30	$	32,259
Crew Energy Inc., 6.50%, 03/14/24 (Call 08/31/20)(a)		CAD	40		19,609
Garda World Security Corp.
4.63%, 02/15/27 (Call 02/15/23)(a)		USD	50		51,246
9.50%, 11/01/27 (Call 11/01/22)(a)		USD	75		82,078
GFL Environmental Inc.
4.25%, 06/01/25 (Call 06/01/22)(a)		USD	15		15,600
5.13%, 12/15/26 (Call 12/15/22)(a)		USD	80		85,075
7.00%, 06/01/26 (Call 06/01/21)(a)		USD	57		60,740
Iron Mountain Canada Operations ULC, 5.38%, 09/15/23 (Call 08/10/20)(a)		CAD	25		19,066
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)(a)		USD	70		71,097
5.25%, 12/15/27 (Call 12/15/22)(a)		USD	65		67,658
MEG Energy Corp.
6.50%, 01/15/25 (Call 08/31/20)(a)		USD	58		56,985
7.00%, 03/31/24 (Call 08/31/20)(a)		USD	75		71,438
7.13%, 02/01/27 (Call 02/01/23)(a)		USD	150		133,688
Methanex Corp., 5.25%, 12/15/29 (Call 09/15/29)		USD	75		72,563
NOVA Chemicals Corp.
4.88%, 06/01/24 (Call 03/03/24)(a)		USD	130		128,608
5.00%, 05/01/25 (Call 01/31/25)(a)		USD	65		63,986
5.25%, 08/01/23 (Call 08/31/20)(a)(c)		USD	65		64,675
5.25%, 06/01/27 (Call 03/03/27)(a)		USD	130		123,013
NuVista Energy Ltd., 6.50%, 03/02/23 (Call 08/31/20)		CAD	30		15,160
Open Text Corp.
3.88%, 02/15/28 (Call 02/15/23)(a)		USD	115		119,566
5.88%, 06/01/26 (Call 06/01/21)(a)		USD	100		105,970
Open Text Holdings Inc., 4.13%, 02/15/30 (Call 02/15/25)(a)(c)		USD	90		94,950
Parkland Corp.
5.63%, 05/09/25 (Call 08/31/20)		CAD	100		76,854
5.75%, 09/16/24 (Call 08/31/20)(a)		CAD	25		19,210
5.75%, 09/16/24 (Call 08/31/20)		CAD	25		19,210
5.88%, 07/15/27 (Call 07/15/22)(a)		USD	40		42,243
6.00%, 04/01/26 (Call 04/01/21)(a)		USD	65		68,913
Primo Water Corp., 5.50%, 07/01/24 (Call 08/10/20)(b)		EUR	100		120,286
Quebecor Media Inc.
5.75%, 01/15/23		USD	105		114,219
6.63%, 01/15/23(a)		CAD	75		60,050
Russel Metals Inc., 6.00%, 04/19/22 (Call 08/31/20)(a)		CAD	25		18,605
Seven Generations Energy Ltd.
5.38%, 09/30/25 (Call 09/30/20)(a)		USD	90		83,175
6.75%, 05/01/23 (Call 08/31/20)(a)		USD	50		51,024
6.88%, 06/30/23 (Call 08/31/20)(a)		USD	50		50,313
Stars Group Holdings BV/Stars Group US Co-Borrower LLC, 7.00%, 07/15/26 (Call 07/15/21)(a)		USD	125		135,171
Superior Plus LP
5.13%, 08/27/25 (Call 02/27/21)		CAD	50		37,806
5.25%, 02/27/24 (Call 08/31/20)		CAD	50		37,922
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 04/15/21)(a)		USD	80		78,800
Videotron Ltd.
4.50%, 01/15/30 (Call 10/15/24)		CAD	110		83,711
5.00%, 07/15/22		USD	100		105,000
5.13%, 04/15/27 (Call 04/15/22)(a)(c)		USD	75		79,425
5.38%, 06/15/24 (Call 03/15/24)(a)		USD	75		81,375
5.63%, 06/15/25 (Call 03/15/25)		CAD	50		39,785
5.75%, 01/15/26 (Call 09/15/20)(b)		CAD	50		38,524
					4,910,594

1

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)			Value
Cayman Islands — 0.1%
Transocean Sentry Ltd., 5.38%, 05/15/23 (Call 05/16/21)(a)		USD	50	$	43,875
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 06/15/22)(b)		EUR	150		175,467
					219,342
China — 0.0%
Moss Creek Resources Holdings Inc., 7.50%, 01/15/26 (Call 01/15/21)(a)		USD	90		51,300
Denmark — 0.2%
DKT Finance ApS, 7.00%, 06/17/23 (Call 08/31/20)(b)		EUR	100		118,824
TDC AS, 6.88%, 02/23/23(b)		GBP	100		141,975
					260,799
Finland — 0.5%
Nokia Oyj, 2.38%, 05/15/25 (Call 02/15/25)(b)		EUR	100		123,518
Nokia OYJ
2.00%, 03/11/26 (Call 12/11/25)(b)		EUR	200		239,114
3.38%, 06/12/22		USD	65		67,009
4.38%, 06/12/27		USD	65		69,614
Teollisuuden Voima OYJ
1.13%, 03/09/26 (Call 12/09/25)(b)		EUR	100		111,361
2.00%, 05/08/24 (Call 02/08/24)(b)		EUR	100		118,696
					729,312
France — 3.5%
Altice France SA/France
2.13%, 02/15/25 (Call 02/15/22)(b)		EUR	100		113,073
3.38%, 01/15/28 (Call 09/15/22)(b)		EUR	100		115,929
5.50%, 01/15/28 (Call 09/15/22)(a)		USD	200		210,187
5.88%, 02/01/27 (Call 02/01/22)(b)		EUR	200		252,359
7.38%, 05/01/26 (Call 05/01/21)(a)		USD	200		213,375
8.13%, 02/01/27 (Call 02/01/22)(a)		USD	200		223,002
Banijay Group SAS, 6.50%, 03/01/26 (Call 09/01/22)(b)		EUR	100		109,046
Burger King France SAS, 6.00%, 05/01/24 (Call 08/10/20)(b)		EUR	100		119,403
Casino Guichard Perrachon SA
3.58%, 02/07/25 (Call 11/07/24)(b)		EUR	100		92,814
4.50%, 03/07/24 (Call 12/07/23)(b)		EUR	100		98,863
4.56%, 01/25/23(b)		EUR	100		108,544
CMA CGM SA
5.25%, 01/15/25 (Call 10/15/20)(b)		EUR	100		99,246
6.50%, 07/15/22 (Call 08/10/20)(b)		EUR	100		111,829
Constellium SE, 6.63%, 03/01/25 (Call 08/31/20)(a)		USD	250		258,035
Elis SA
1.00%, 04/03/25 (Call 01/03/25)(b)		EUR	100		111,017
1.63%, 04/03/28 (Call 01/03/28)(b)		EUR	100		110,181
1.88%, 02/15/23 (Call 11/15/22)(b)		EUR	100		118,294
Europcar Mobility Group, 4.00%, 04/30/26 (Call 04/30/22)(b)		EUR	150		92,229
Faurecia SE
2.38%, 06/15/27 (Call 06/15/23)(b)		EUR	100		111,085
2.63%, 06/15/25 (Call 06/15/21)(b)		EUR	100		115,526
3.13%, 06/15/26 (Call 06/15/22)(b)		EUR	100		116,547
Fnac Darty SA, 2.63%, 05/30/26 (Call 05/30/22)(b)		EUR	100		116,600
Getlink SE, 3.63%, 10/01/23 (Call 10/01/20)(b)		EUR	100		119,905
La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 08/10/20)(b)		EUR	100		98,475
Loxam SAS
2.88%, 04/15/26 (Call 04/15/22)(b)		EUR	125		134,157
3.25%, 01/14/25 (Call 07/15/21)(b)		EUR	125		141,953

Security	Par (000)			Value
France (continued)
Mobilux Finance SAS, 5.50%, 11/15/24 (Call 08/10/20)(b)		EUR	100	$	115,811
Orano SA
3.13%, 03/20/23 (Call 12/20/22)(b)		EUR	100		121,589
3.38%, 04/23/26 (Call 01/23/26)(b)		EUR	100		121,490
4.88%, 09/23/24		EUR	50		65,271
Paprec Holding SA, 4.00%, 03/31/25 (Call 03/31/21)(b)		EUR	100		107,716
Quatrim SASU, 5.88%, 01/15/24 (Call 11/15/21)(b)		EUR	100		117,909
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(b)(d)		EUR	100		110,064
Renault SA
1.00%, 03/08/23 (Call 12/08/22)(b)		EUR	100		114,788
1.00%, 11/28/25 (Call 08/28/25)(b)		EUR	100		109,571
1.13%, 10/04/27 (Call 07/04/27)(b)		EUR	100		103,321
1.25%, 06/24/25 (Call 03/24/25)(b)		EUR	100		108,670
2.00%, 09/28/26 (Call 06/28/26)(b)		EUR	100		111,035
Rexel SA, 2.75%, 06/15/26 (Call 03/15/22)(b)		EUR	125		148,893
SPCM SA, 2.88%, 06/15/23 (Call 08/10/20)(b)		EUR	100		117,766
SPIE SA
2.63%, 06/18/26 (Call 12/18/25)(b)		EUR	100		117,706
3.13%, 03/22/24 (Call 09/22/23)(b)		EUR	100		120,827
Tereos Finance Groupe I SA, 4.13%, 06/16/23 (Call 03/16/23)(b)		EUR	100		110,398
Vallourec SA
2.25%, 09/30/24(b)		EUR	100		52,207
6.63%, 10/15/22 (Call 10/15/20)(b)		EUR	100		61,608
					5,548,314
Germany — 3.2%
Adler Pelzer Holding GmbH, 4.13%, 04/01/24 (Call 08/10/20)(b)		EUR	100		82,174
ADLER Real Estate AG
1.50%, 12/06/21 (Call 11/06/21)(b)		EUR	100		115,984
1.50%, 04/17/22 (Call 03/17/22)(b)		EUR	100		115,102
3.00%, 04/27/26 (Call 02/27/26)(b)		EUR	100		115,294
CBR Fashion Finance BV, 5.13%, 10/01/22 (Call 08/10/20)(b)		EUR	100		103,452
CeramTec BondCo GmbH, 5.25%, 12/15/25 (Call 12/15/20)(b)		EUR	100		115,471
Commerzbank AG
4.00%, 03/30/27(b)		EUR	100		123,884
4.00%, 12/05/30 (Call 09/05/25)(b)(d)		EUR	200		239,034
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24 (Call 07/15/24)(b)		EUR	100		108,751
Deutsche Bank AG
2.75%, 02/17/25(b)		EUR	125		149,760
4.50%, 05/19/26(b)		EUR	100		125,984
5.63%, 05/19/31 (Call 02/19/26)(b)(d)		EUR	200		253,201
Deutsche Bank AG/New York NY, 4.88%, 12/01/32 (Call 12/01/27)(d)		USD	200		191,698
Douglas GmbH, 6.25%, 07/15/22 (Call 08/10/20)(b)		EUR	100		103,768
HT Troplast GmbH, 9.25%, 07/15/25 (Call 07/15/22)(b)		EUR	100		120,714
K+S AG
3.25%, 07/18/24 (Call 04/18/24)(b)		EUR	100		102,263
4.13%, 12/06/21(b)		EUR	100		117,721
KME SE, 6.75%, 02/01/23 (Call 08/31/20)(b)		EUR	100		77,749
LANXESS AG, 4.50%, 12/06/76 (Call 06/06/23)(b)(d)		EUR	100		124,470
METRO AG, 1.50%, 03/19/25(b)		EUR	100		120,147
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 09/30/20)(b)		EUR	100		116,117
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 09/30/20)(b)		EUR	200		232,944
Platin 1426 GmbH, 5.38%, 06/15/23 (Call 08/10/20)(b)		EUR	100		112,879
ProGroup AG, 3.00%, 03/31/26 (Call 03/31/21)(b)		EUR	100		116,299

2

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)			Value
Germany (continued)
RWE AG, 3.50%, 04/21/75 (Call 04/21/25)(b)(d)		EUR	50	$	62,169
Summit Properties Ltd., 2.00%, 01/31/25 (Call 01/31/21)(b)		EUR	100		107,253
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26 (Call 07/30/21)(b)		EUR	100		121,975
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25 (Call 01/15/22)(b)		EUR	100		113,530
Tele Columbus AG, 3.88%, 05/02/25 (Call 05/02/21)(b)		EUR	100		111,408
thyssenkrupp AG
1.38%, 03/03/22 (Call 12/03/21)(b)		EUR	125		145,477
1.88%, 03/06/23 (Call 02/06/23)(b)		EUR	175		199,832
2.88%, 02/22/24 (Call 11/22/23)(b)		EUR	150		172,024
Vertical Holdco GmbH, 6.63%, 07/15/28 (Call 07/15/23)(b)		EUR	100		118,805
Vertical Midco GmbH, 4.38%, 07/15/27 (Call 07/15/23)(b)		EUR	100		118,704
WEPA Hygieneprodukte GmbH, 2.88%, 12/15/27 (Call 12/15/22)(b)		EUR	100		115,393
ZF Europe Finance BV
2.00%, 02/23/26 (Call 12/23/25)(b)		EUR	200		223,741
3.00%, 10/23/29 (Call 07/23/29)(b)		EUR	100		109,829
ZF North America Capital Inc.
2.75%, 04/27/23(b)		EUR	100		119,793
4.75%, 04/29/25(a)(c)		USD	150		159,076
					5,183,869
Greece — 0.3%
Alpha Bank AE, 4.25%, 02/13/30 (Call 02/13/25)(b)(d)		EUR	100		96,078
Ellaktor Value PLC, 6.38%, 12/15/24 (Call 12/15/21)(b)		EUR	100		91,214
Intralot Capital Luxembourg SA, 5.25%, 09/15/24 (Call 09/15/20)(b)		EUR	100		28,864
Piraeus Bank SA, 9.75%, 06/26/29 (Call 06/26/24)(b)(d)		EUR	100		91,126
Titan Global Finance PLC, 2.38%, 11/16/24 (Call 05/16/24)(b)		EUR	100		118,523
					425,805
Ireland — 0.8%
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24)(d)		USD	150		114,000
AIB Group PLC, 1.88%, 11/19/29 (Call 11/19/24)(b)(d)		EUR	100		114,544
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.13%, 08/15/26 (Call 08/15/22)(b)		EUR	225		259,670
5.25%, 08/15/27 (Call 08/15/22)(a)		USD	200		207,978
Bank of Ireland Group PLC, 3.13%, 09/19/27 (Call 09/19/22)(b)(d)		GBP	100		130,494
eircom Finance DAC, 3.50%, 05/15/26 (Call 05/15/22)(b)		EUR	125		149,586
Smurfit Kappa Acquisitions ULC, 2.88%, 01/15/26 (Call 10/15/25)(b)		EUR	100		124,997
Smurfit Kappa Treasury ULC, 1.50%, 09/15/27 (Call 06/15/27)(b)		EUR	150		174,309
					1,275,578
Israel — 1.3%
Teva Pharmaceutical Finance Netherlands II BV
1.13%, 10/15/24(b)		EUR	200		211,264
1.25%, 03/31/23 (Call 12/31/22)(b)		EUR	100		111,626
1.63%, 10/15/28(b)		EUR	100		98,288
1.88%, 03/31/27 (Call 12/31/26)(b)		EUR	100		102,151
3.25%, 04/15/22 (Call 01/15/22)		EUR	100		118,285
4.50%, 03/01/25 (Call 12/01/24)		EUR	100		118,769
6.00%, 01/31/25 (Call 10/31/24)(b)		EUR	100		126,203
Teva Pharmaceutical Finance Netherlands III BV
2.80%, 07/21/23		USD	250		242,605
3.15%, 10/01/26		USD	300		274,500

Security	Par (000)			Value
Israel (continued)
6.00%, 04/15/24 (Call 01/15/24)		USD	200	$	210,868
6.75%, 03/01/28 (Call 12/01/27)(c)		USD	200		221,750
7.13%, 01/31/25 (Call 10/31/24)(a)		USD	200		219,308
					2,055,617
Italy — 5.0%
Atlantia SpA
1.63%, 02/03/25(b)		EUR	100		115,618
1.88%, 07/13/27 (Call 04/13/27)(b)		EUR	200		230,000
Autostrade per l’Italia SpA
1.13%, 11/04/21(b)		EUR	100		116,984
1.75%, 06/26/26(b)		EUR	100		115,195
1.88%, 09/26/29 (Call 06/26/29)(b)		EUR	100		113,405
Banca IFIS SpA, 4.50%, 10/17/27 (Call 10/17/22)(b)(d)		EUR	100		103,117
Banca Monte dei Paschi di Siena SpA
2.63%, 04/28/25(b)		EUR	125		145,248
3.63%, 09/24/24(b)		EUR	100		120,652
5.38%, 01/18/28 (Call 01/18/23)(b)(d)		EUR	100		105,243
10.50%, 07/23/29(b)		EUR	100		131,244
Banca Popolare di Sondrio SCPA, 2.38%, 04/03/24(b)		EUR	100		117,774
Banco BPM SpA
1.75%, 01/28/25(b)		EUR	200		232,514
2.00%, 03/08/22(b)		EUR	100		118,769
2.50%, 06/21/24(b)		EUR	100		119,256
4.38%, 09/21/27 (Call 09/21/22)(b)(d)		EUR	100		117,355
BPER Banca, 5.13%, 05/31/27 (Call 05/31/22)(b)(d)		EUR	100		120,786
Esselunga SpA, 0.88%, 10/25/23 (Call 07/25/23)(b)		EUR	100		116,804
Fiat Chrysler Finance Europe SENC, 4.75%, 07/15/22(b)		EUR	150		187,013
Iccrea Banca SpA, 1.50%, 10/11/22(b)		EUR	150		177,107
Infrastrutture Wireless Italiane SpA, 1.88%, 07/08/26 (Call 04/08/26)(b)		EUR	100		120,137
International Game Technology PLC, 4.75%, 02/15/23 (Call 08/15/22)(b)		EUR	100		120,221
Intesa Sanpaolo SpA
2.86%, 04/23/25(b)		EUR	100		121,671
3.93%, 09/15/26(b)		EUR	100		127,692
5.02%, 06/26/24(a)		USD	200		212,044
6.63%, 09/13/23(b)		EUR	200		269,400
Leonardo SpA, 1.50%, 06/07/24 (Call 03/07/24)(b)		EUR	100		117,235
Mediobanca Banca di Credito Finanziario SpA, 5.75%, 04/18/23		EUR	100		129,284
Nexi SpA, 1.75%, 10/31/24(b)		EUR	150		173,464
Rossini Sarl, 6.75%, 10/30/25 (Call 10/30/21)(b)		EUR	100		125,970
Saipem Finance International BV, 2.75%, 04/05/22(b)		EUR	100		119,108
Sisal Group SpA, 7.00%, 07/31/23 (Call 08/10/20)(b)		EUR	69		82,415
Societa Cattolica di Assicurazioni SC, 4.25%, 12/14/47 (Call 12/14/27)(b)(d)		EUR	100		117,659
Telecom Italia SpA/Milano
2.38%, 10/12/27 (Call 07/12/27)(b)		EUR	100		118,201
2.50%, 07/19/23(b)		EUR	100		121,561
2.75%, 04/15/25 (Call 01/15/25)(b)		EUR	150		183,025
2.88%, 01/28/26 (Call 10/28/25)(b)		EUR	100		122,255
3.00%, 09/30/25(b)		EUR	100		123,020
3.25%, 01/16/23(b)		EUR	200		247,926
3.63%, 01/19/24(b)		EUR	100		125,519
3.63%, 05/25/26(b)		EUR	100		126,645
4.00%, 04/11/24 (Call 01/11/24)(b)		EUR	100		126,649
5.30%, 05/30/24(a)		USD	200		218,000
UniCredit SpA
2.73%, 01/15/32 (Call 01/15/27)(b)(d)		EUR	200		222,048
4.38%, 01/03/27 (Call 01/03/22)(b)(d)		EUR	100		121,500

3

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
Italy (continued)
4.88%, 02/20/29 (Call 02/20/24)(b)(d)	EUR		200	$	249,929
5.46%, 06/30/35 (Call 06/30/30)(a)(d)	USD		200		206,332
5.86%, 06/19/32 (Call 06/19/27)(a)(d)	USD		200		214,197
6.95%, 10/31/22(b)	EUR		100		131,372
Unione di Banche Italiane SpA
2.63%, 06/20/24(b)	EUR		250		308,571
4.45%, 09/15/27 (Call 09/15/22)(b)(d)	EUR		100		122,755
Unipol Gruppo SpA
3.00%, 03/18/25(b)	EUR		100		120,813
3.50%, 11/29/27 (Call 08/29/27)(b)	EUR		100		121,662
UnipolSai Assicurazioni SpA, 3.88%, 03/01/28(b)	EUR		100		119,968
Webuild SpA, 1.75%, 10/26/24(b)	EUR		100		101,682
					7,994,014
Japan — 0.4%
SoftBank Group Corp.
3.13%, 09/19/25 (Call 06/21/25)(b)	EUR		150		176,119
4.00%, 04/20/23 (Call 01/20/23)(b)	EUR		100		121,681
4.00%, 09/19/29 (Call 06/21/29)(b)	EUR		125		153,302
4.50%, 04/20/25 (Call 01/20/25)(b)	EUR		100		123,805
5.00%, 04/15/28 (Call 01/16/28)(b)	EUR		100		128,084
					702,991
Luxembourg — 1.7%
Altice Financing SA
2.25%, 01/15/25 (Call 01/15/22)(b)	EUR		100		112,929
3.00%, 01/15/28 (Call 01/15/23)(b)	EUR		100		110,824
5.00%, 01/15/28 (Call 01/15/23)(a)	USD		200		204,999
7.50%, 05/15/26 (Call 05/15/21)(a)	USD		200		215,050
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(b)	EUR		100		109,816
Altice France Holding SA
4.00%, 02/15/28 (Call 02/15/23)(b)	EUR		100		108,494
6.00%, 02/15/28 (Call 02/15/23)(a)(c)	USD		200		200,000
10.50%, 05/15/27 (Call 05/15/22)(a)	USD		200		228,458
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 10/01/22)(a)	USD		200		203,810
ContourGlobal Power Holdings SA, 3.38%, 08/01/23 (Call 08/31/20)(b)	EUR		100		119,728
Garfunkelux Holdco 3 SA, 8.50%, 11/01/22 (Call 08/10/20)(b)	GBP		100		121,720
INEOS Group Holdings SA, 5.38%, 08/01/24 (Call 08/10/20)(b)	EUR		100		119,071
JBS USA LUX SA/JBS USA Finance Inc., 5.75%, 06/15/25 (Call 08/31/20)(a)	USD		125		128,665
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 11/15/22)(b)	EUR		100		118,630
Mytilineos Financial Partners SA, 2.50%, 12/01/24 (Call 06/01/24)(b)	EUR		100		117,644
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25(b)	EUR		100		120,804
Summer BC Holdco A Sarl, 9.25%, 10/31/27 (Call 10/31/22)(b)	EUR		90		94,402
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 10/31/22)(b)	EUR		100		113,644
Swissport Investments SA, 6.75%, 12/15/21 (Call 08/10/20)(b)	EUR		100		3,548
Vivion Investments Sarl, 3.00%, 08/08/24(b)	EUR		100		106,013
					2,658,249
Macau — 0.4%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 08/31/20)(a)(c)	USD		200		202,676
5.38%, 12/04/29 (Call 12/04/24)(a)	USD		200		201,500

Security		Par (000)		Value
Macau (continued)
Wynn Macau Ltd.
4.88%, 10/01/24 (Call 10/01/20)(a)	USD		100	$	98,887
5.50%, 01/15/26 (Call 06/15/22)(a)	USD		200		200,220
					703,283
Netherlands — 1.9%
Intertrust Group BV, 3.38%, 11/15/25 (Call 11/15/21)(b)	EUR		100		120,514
IPD 3 BV, 4.50%, 07/15/22 (Call 08/10/20)(b)	EUR		100		108,715
Lincoln Financing Sarl, 3.63%, 04/01/24 (Call 10/01/20)(b)	EUR		125		145,152
Maxeda DIY Holding BV, 6.13%, 07/15/22 (Call 08/31/20)(b)	EUR		100		112,957
Nielsen Co Luxembourg SARL (The), 5.50%, 10/01/21 (Call 08/31/20)(a)(c)	USD		51		51,083
OCI NV, 3.13%, 11/01/24 (Call 11/01/21)(b)	EUR		100		116,417
PPF Telecom Group BV
3.13%, 03/27/26 (Call 12/27/25)(b)	EUR		100		117,893
3.50%, 05/20/24 (Call 02/20/24)(b)	EUR		100		120,805
Promontoria Holding 264 BV, 6.75%, 08/15/23 (Call 08/31/20)(b)	EUR		100		93,812
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/01/23)(b)	EUR		150		164,089
Saipem Finance International BV, 2.63%, 01/07/25(b)	EUR		100		116,416
Selecta Group BV, 5.88%, 02/01/24 (Call 08/31/20)(b)	EUR		100		40,076
Sensata Technologies BV
4.88%, 10/15/23(a)	USD		75		78,895
5.00%, 10/01/25(a)	USD		50		54,018
5.63%, 11/01/24(a)	USD		50		54,286
Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/15/21)(b)	EUR		100		117,730
Trivium Packaging Finance BV
3.75%, 08/15/26 (Call 08/15/22)(b)	EUR		100		118,013
8.50%, 08/15/27 (Call 08/15/22)(a)	USD		200		218,537
United Group BV
3.63%, 02/15/28 (Call 02/15/23)(b)	EUR		100		113,320
4.88%, 07/01/24 (Call 08/31/20)(b)	EUR		100		120,760
UPC Holding BV, 3.88%, 06/15/29 (Call 06/15/22)(b)	EUR		100		112,709
Ziggo Bond Co. BV, 3.38%, 02/28/30 (Call 02/15/25)(b)	EUR		100		112,802
Ziggo BV
2.88%, 01/15/30 (Call 10/15/24)(b)	EUR		100		115,719
4.25%, 01/15/27 (Call 01/15/22)(b)	EUR		90		110,356
4.88%, 01/15/30 (Call 10/15/24)(a)	USD		200		212,060
5.50%, 01/15/27 (Call 01/15/22)(a)	USD		225		237,375
					3,084,509
Portugal — 0.3%
Banco Comercial Portugues SA, 3.87%, 03/27/30 (Call 03/27/25)(b)(d)	EUR		100		108,369
Caixa Geral de Depositos SA, 1.25%, 11/25/24(b)	EUR		100		116,610
EDP - Energias de Portugal SA
1.70%, 07/20/80 (Call 04/20/25)(b)(d)	EUR		100		113,168
4.50%, 04/30/79 (Call 01/30/24)(b)(d)	EUR		100		127,188
Transportes Aereos Portugueses SA, 5.63%, 12/02/24 (Call 06/02/24)(b)	EUR		100		79,154
					544,489
Singapore — 0.1%
Puma International Financing SA, 5.13%, 10/06/24 (Call 10/06/20)(a)	USD		200		177,435
Spain — 1.5%
ABANCA Corp. Bancaria SA, 4.63%, 04/07/30 (Call 04/07/25)(b)(d)	EUR		100		112,694
Banco de Sabadell SA 1.13%, 03/27/25(b)	EUR		100		111,217

4

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)			Value
Spain (continued)
1.75%, 05/10/24(b)	EUR		100		$	115,226
5.38%, 12/12/28 (Call 12/12/23)(b)(d)	EUR		100			119,361
Bankia SA
1.00%, 06/25/24(b)	EUR		100			115,805
1.13%, 11/12/26(b)	EUR		100			113,868
3.75%, 02/15/29 (Call 02/15/24)(b)(d)	EUR		100			120,715
Cellnex Telecom SA
1.88%, 06/26/29 (Call 03/26/29)	EUR		100			118,983
2.88%, 04/18/25 (Call 01/18/25)(b)	EUR		100			127,436
3.13%, 07/27/22(b)	EUR		100			124,619
Cirsa Finance International Sarl, 6.25%, 12/20/23 (Call 08/10/20)(b)	EUR		100			108,674
eDreams ODIGEO SA, 5.50%, 09/01/23 (Call 09/01/20)(b)	EUR		100			96,256
El Corte Ingles SA, 3.00%, 03/15/24 (Call 10/15/20)(b)	EUR		100			116,983
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 (Call 08/10/20)(b)	EUR		100			112,860
Grifols SA
1.63%, 02/15/25 (Call 02/15/22)(b)	EUR		100			115,879
2.25%, 11/15/27 (Call 11/15/22)(b)	EUR		100			117,046
3.20%, 05/01/25 (Call 08/31/20)(b)	EUR		100			118,759
Grupo Isolux Corsan SA
Series B, 6.00%, 12/30/21 (Call 08/31/20)(e)	EUR		28			17
Series C, 1.00%, 12/30/21 (Call 08/31/20)(e)	EUR		0	(f)		0	(g)
Grupo-Antolin Irausa SA, 3.25%, 04/30/24 (Call 08/10/20)(b)	EUR		100			105,077
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(b)(d)	EUR		100			103,214
NH Hotel Group SA, 3.75%, 10/01/23 (Call 08/10/20)(b)	EUR		90			94,687
Obrascon Huarte Lain SA, 4.75%, 03/15/22 (Call 08/31/20)(b)	EUR		100			57,381
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(b)(d)	EUR		100			123,046
						2,449,803
Sweden — 0.9%
Akelius Residential Property AB, 3.88%, 10/05/78 (Call 07/08/23)(b)(d)	EUR		100			119,790
Dometic Group AB, 3.00%, 05/08/26 (Call 04/08/26)(b)	EUR		125			143,175
Fastighets AB Balder, 3.00%, 03/07/78 (Call 03/07/23)(b)(d)	EUR		100			115,598
Intrum AB
2.75%, 07/15/22 (Call 08/31/20)(b)	EUR		50			58,999
3.13%, 07/15/24 (Call 08/31/20)(b)	EUR		100			111,910
3.50%, 07/15/26 (Call 07/15/22)(b)	EUR		200			218,881
Telefonaktiebolaget LM Ericsson, 4.13%, 05/15/22	USD		225			237,337
Verisure Holding AB, 3.88%, 07/15/26 (Call 07/15/22)(b)	EUR		100			118,263
Verisure Midholding AB, 5.75%, 12/01/23 (Call 08/10/20)(b)	EUR		200			237,653
Volvo Car AB, 2.13%, 04/02/24 (Call 01/02/24)(b)	EUR		100			117,983
						1,479,589
Switzerland — 0.2%
Dufry One BV
2.00%, 02/15/27 (Call 02/15/23)(b)	EUR		100			84,378
2.50%, 10/15/24 (Call 10/15/20)(b)	EUR		100			90,327
Transocean Inc., 7.50%, 01/15/26 (Call 01/15/21)(a)	USD		105			50,414
						225,119
United Kingdom — 3.9%
Algeco Global Finance PLC, 6.50%, 02/15/23 (Call 09/01/20)(b)	EUR		100			112,491
Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 09/30/20)(b)	GBP		100			135,926

Security		Par (000)		Value
United Kingdom (continued)
Avon International Capital PLC, 6.50%, 08/15/22 (Call 09/01/20)(a)	USD		50	$	49,787
Boparan Finance PLC, 4.38%, 07/15/21 (Call 08/10/20)(b)	EUR		100		108,160
British Telecommunications PLC, 1.87%, 08/18/80 (Call 05/18/25)(b)(d)	EUR		100		112,475
Cabot Financial Luxembourg SA, 7.50%, 10/01/23 (Call 08/10/20)(b)	GBP		100		133,164
eG Global Finance PLC
4.38%, 02/07/25 (Call 05/15/21)(b)	EUR		100		111,485
6.25%, 10/30/25 (Call 10/30/21)(b)	EUR		100		117,530
6.75%, 02/07/25 (Call 05/15/21)(a)	USD		200		208,960
FCE Bank PLC, 1.13%, 02/10/22(b)	EUR		100		115,338
Fiat Chrysler Automobiles NV
3.38%, 07/07/23 (Call 04/07/23)(b)	EUR		125		152,902
3.75%, 03/29/24(b)	EUR		200		248,772
3.88%, 01/05/26 (Call 10/05/25)(b)	EUR		150		188,485
4.50%, 07/07/28 (Call 04/07/28)(b)	EUR		100		130,020
5.25%, 04/15/23	USD		200		210,803
GKN Holdings Ltd., 5.38%, 09/19/22(b)	GBP		100		136,061
Heathrow Finance PLC, 3.88%, 03/01/27(b)	GBP		100		123,966
Iceland Bondco PLC, 4.63%, 03/15/25 (Call 09/15/20)(b)	GBP		100		120,069
INEOS Finance PLC, 2.88%, 05/01/26 (Call 05/01/22)(b)	EUR		100		114,957
INEOS Styrolution Group GmbH, 2.25%, 01/16/27 (Call 01/15/23)(b)	EUR		100		110,243
International Game Technology PLC
3.50%, 06/15/26 (Call 06/15/22)(b)	EUR		150		168,813
6.25%, 01/15/27 (Call 07/15/26)(a)	USD		100		106,054
Jaguar Land Rover Automotive PLC
3.88%, 03/01/23(b)	GBP		100		115,746
4.50%, 01/15/26(b)	EUR		100		96,374
5.63%, 02/01/23 (Call 08/31/20)(a)(c)	USD		150		141,447
5.88%, 11/15/24 (Call 08/15/24)(b)	EUR		100		105,486
Marks & Spencer PLC, 6.00%, 06/12/25(b)	GBP		100		140,693
Metro Bank PLC, 5.50%, 06/26/28 (Call 06/26/23)(b)(d)	GBP		100		70,350
Motion Finco Sarl, 7.00%, 05/15/25 (Call 05/15/22)(b)	EUR		100		121,009
Pinewood Finance Co. Ltd., 3.25%, 09/30/25 (Call 09/30/21)(b)	GBP		100		131,290
Pizzaexpress Financing 2 PLC, 6.63%, 08/01/21 (Call 08/10/20)(b)	GBP		100		80,749
Playtech PLC, 4.25%, 03/07/26 (Call 03/07/22)(b)	EUR		100		116,736
Shop Direct Funding PLC, 7.75%, 11/15/22 (Call 09/01/20)(b)	GBP		100		120,223
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 07/31/22)(b)	GBP		100		126,382
Synthomer PLC, 3.88%, 07/01/25 (Call 07/01/22)(b)	EUR		100		121,483
Thames Water Utilities Finance PLC, 5.75%, 09/13/30 (Call 09/13/22)(d)	GBP		125		173,596
Top Gun Realisations 74 PLC, 6.50%, 07/01/22 (Call 08/10/20)(b)(e)	GBP		25		6,243
Victoria PLC, 5.25%, 07/15/24 (Call 07/15/21)(b)	EUR		100		116,489
Virgin Media Secured Finance PLC
4.25%, 01/15/30 (Call 10/15/24)(b)	GBP		150		196,446
5.00%, 04/15/27 (Call 04/15/22)(b)	GBP		100		136,546
5.50%, 05/15/29 (Call 05/15/24)(a)	USD		200		218,000
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 07/15/23)(b)	GBP		100		133,037
Viridian Group FinanceCo PLC/Viridian Power and Energy, 4.00%, 09/15/25 (Call 09/15/20)(b)	EUR		100		116,527
Vodafone Group PLC 3.10%, 01/03/79 (Call 10/03/23)(b)(d)	EUR		200		239,735

5

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United Kingdom (continued)
4.20%, 10/03/78 (Call 07/03/28)(b)(d)	EUR		100	$	130,108
7.00%, 04/04/79 (Call 01/04/29)(d)	USD		225		268,456
					6,239,612
United States — 66.6%
Acadia Healthcare Co. Inc.
5.50%, 07/01/28 (Call 07/01/23)(a)	USD		30		31,741
5.63%, 02/15/23 (Call 08/31/20)	USD		80		81,258
Acrisure LLC/Acrisure Finance Inc.
7.00%, 11/15/25 (Call 11/15/20)(a)	USD		115		116,163
8.13%, 02/15/24 (Call 02/15/21)(a)	USD		120		127,042
10.13%, 08/01/26 (Call 08/01/22)(a)	USD		30		33,066
Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(b)	EUR		100		108,381
Adient U.S. LLC
7.00%, 05/15/26 (Call 05/15/22)(a)	USD		200		215,068
9.00%, 04/15/25 (Call 04/15/22)(a)	USD		60		66,785
ADT Security Corp. (The)
3.50%, 07/15/22	USD		125		127,812
4.13%, 06/15/23	USD		90		93,987
AECOM
5.13%, 03/15/27 (Call 12/15/26)	USD		125		136,745
5.88%, 10/15/24 (Call 07/15/24)	USD		100		108,625
AES Corp. (The)
5.13%, 09/01/27 (Call 09/01/22)	USD		70		75,465
5.50%, 04/15/25 (Call 08/31/20)	USD		70		62,884
6.00%, 05/15/26 (Call 05/15/21)	USD		65		68,827
Albertsons Companies Inc./Safeway Inc./New
Albertsons LP/Albertsons LLC
3.50%, 02/15/23 (Call 12/15/22)(a)	USD		60		61,500
4.63%, 01/15/27 (Call 01/15/23)(a)	USD		170		180,881
4.88%, 02/15/30 (Call 02/15/25)(a)	USD		100		107,629
5.75%, 03/15/25 (Call 08/31/20)	USD		150		154,760
5.88%, 02/15/28 (Call 08/15/22)(a)	USD		125		137,081
6.63%, 06/15/24 (Call 08/31/20)	USD		150		155,552
7.50%, 03/15/26 (Call 03/15/22)(a)	USD		75		84,231
Alcoa Nederland Holding BV, 7.00%, 09/30/26 (Call 09/30/21)(a)	USD		200		214,990
Allegheny Technologies Inc., 7.88%, 08/15/23 (Call 05/15/23)	USD		65		68,437
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.63%, 07/15/26 (Call 07/15/22)(a)	USD		170		181,678
9.75%, 07/15/27 (Call 07/15/22)(a)	USD		140		155,400
Allison Transmission Inc.
4.75%, 10/01/27 (Call 10/01/22)(a)	USD		50		52,563
5.00%, 10/01/24 (Call 08/11/20)(a)	USD		125		127,264
5.88%, 06/01/29 (Call 06/01/24)(a)	USD		70		77,175
Ally Financial Inc., 5.75%, 11/20/25 (Call 10/21/25)	USD		130		146,304
AMC Entertainment Holdings Inc.
10.50%, 04/15/25 (Call 04/15/22)(a)	USD		50		39,938
10.50%, 04/24/26(a)	USD		92		77,939
12.00%, 06/15/26 (Call 06/15/23)(a)	USD		247		95,373
AMC Networks Inc.
4.75%, 12/15/22 (Call 08/31/20)	USD		33		33,268
4.75%, 08/01/25 (Call 08/01/21)(c)	USD		100		102,253
5.00%, 04/01/24 (Call 08/31/20)	USD		125		127,334
American Airlines Group Inc.
3.75%, 03/01/25(a)	USD		65		28,600
5.00%, 06/01/22(a)	USD		95		53,200
American Airlines Inc., 11.75%, 07/15/25(a)	USD		250		217,500

Security		Par (000)		Value
United States (continued)
American Axle & Manufacturing Inc.
6.25%, 04/01/25 (Call 08/31/20)	USD		90	$	92,194
6.25%, 03/15/26 (Call 03/15/21)	USD		50		50,688
6.50%, 04/01/27 (Call 04/01/22)	USD		60		61,500
6.88%, 07/01/28 (Call 07/01/23)	USD		50		51,002
American Builders & Contractors Supply Co. Inc., 4.00%, 01/15/28 (Call 01/15/23)(a)	USD		100		103,750
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)	USD		90		96,825
5.63%, 05/20/24 (Call 03/20/24)	USD		85		91,272
5.75%, 05/20/27 (Call 02/20/27)	USD		75		81,891
5.88%, 08/20/26 (Call 05/20/26)	USD		75		82,759
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 09/15/24 (Call 08/17/20)	USD		80		71,520
5.75%, 03/01/27 (Call 03/01/22)(a)	USD		85		73,351
5.75%, 01/15/28 (Call 01/15/23)(a)	USD		80		68,350
Antero Resources Corp.
5.00%, 03/01/25 (Call 08/31/20)	USD		75		47,531
5.13%, 12/01/22 (Call 08/31/20)	USD		65		52,000
5.38%, 11/01/21 (Call 08/31/20)(c)	USD		120		114,900
5.63%, 06/01/23 (Call 08/31/20)(c)	USD		95		68,163
APX Group Inc.
6.75%, 02/15/27 (Call 02/15/23)(a)	USD		80		79,760
7.88%, 12/01/22 (Call 08/31/20)	USD		94		95,120
Aramark Services Inc.
4.75%, 06/01/26 (Call 06/01/21)(c)	USD		50		49,865
5.00%, 04/01/25 (Call 08/31/20)(a)	USD		75		77,569
5.00%, 02/01/28 (Call 02/01/23)(a)(c)	USD		145		145,906
6.38%, 05/01/25 (Call 05/01/22)(a)	USD		145		152,794
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/28 (Call 04/01/23)(a)	USD		40		40,431
6.88%, 04/01/27 (Call 04/01/22)(a)	USD		65		66,525
Arconic Corp.
6.00%, 05/15/25 (Call 05/15/22)(a)	USD		70		75,293
6.13%, 02/15/28 (Call 02/15/23)(a)	USD		75		79,756
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 03/01/23)(a)	USD		36		36,822
4.75%, 03/01/30 (Call 03/01/25)(a)	USD		36		36,990
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
7.00%, 11/01/26 (Call 11/01/21)(a)	USD		75		47,963
10.00%, 04/01/22 (Call 08/31/20)(a)	USD		125		103,063
Avantor Funding Inc., 4.63%, 07/15/28 (Call 07/15/23)(a)	USD		180		190,179
Avantor Inc.
4.75%, 10/01/24 (Call 10/01/20)(b)	EUR		100		122,713
6.00%, 10/01/24 (Call 10/01/20)(a)	USD		190		199,764
Avient Corp., 5.75%, 05/15/25 (Call 05/15/22)(a)	USD		95		103,003
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
5.75%, 07/15/27 (Call 07/15/22)(a)	USD		55		51,425
10.50%, 05/15/25 (Call 05/15/22)(a)	USD		40		46,241
Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 09/30/21)(b)	EUR		100		102,224
Avon International Operations Inc., 7.88%, 08/15/22 (Call 08/31/20)(a)	USD		65		65,284
Avon Products Inc., 7.00%, 03/15/23	USD		50		51,190
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 08/31/20)(b)	EUR		125		147,812
B&G Foods Inc.
5.25%, 04/01/25 (Call 08/31/20)(c)	USD		115		120,190
5.25%, 09/15/27 (Call 03/01/22)	USD		70		74,222

6

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
United States (continued)
Ball Corp.
1.50%, 03/15/27 (Call 12/15/26)	EUR	100	$	115,643
4.00%, 11/15/23	USD	125		132,594
4.38%, 12/15/23	EUR	100		129,257
4.88%, 03/15/26 (Call 12/15/25)(c)	USD	95		108,089
5.00%, 03/15/22	USD	50		52,438
5.25%, 07/01/25	USD	125		142,500
Banff Merger Sub Inc., 9.75%, 09/01/26 (Call 09/01/21)(a)	USD	185		195,800
Bausch Health Americas Inc.
8.50%, 01/31/27 (Call 07/31/22)(a)	USD	220		246,378
9.25%, 04/01/26 (Call 04/01/22)(a)	USD	190		213,218
Bausch Health Companies Inc.
4.50%, 05/15/23 (Call 08/31/20)(b)	EUR	225		264,888
5.00%, 01/30/28 (Call 01/30/23)(a)	USD	155		155,284
5.25%, 01/30/30 (Call 01/30/25)(a)	USD	130		132,762
5.50%, 11/01/25 (Call 11/01/20)(a)	USD	220		228,296
5.75%, 08/15/27 (Call 08/15/22)(a)	USD	65		70,769
6.13%, 04/15/25 (Call 08/31/20)(a)(c)	USD	360		372,150
6.25%, 02/15/29 (Call 02/15/24)(a)	USD	160		170,004
7.00%, 03/15/24 (Call 08/31/20)(a)	USD	100		104,248
7.00%, 01/15/28 (Call 01/15/23)(a)	USD	95		103,242
7.25%, 05/30/29 (Call 05/30/24)(a)	USD	95		104,814
9.00%, 12/15/25 (Call 12/15/21)(a)	USD	140		154,988
Beacon Roofing Supply Inc., 4.88%, 11/01/25 (Call 11/01/20)(a)	USD	165		161,906
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(b)	EUR	150		175,332
Berry Global Inc.
1.00%, 01/15/25 (Call 10/15/24)(b)	EUR	100		113,390
4.50%, 02/15/26 (Call 02/15/21)(a)(c)	USD	65		66,560
4.88%, 07/15/26 (Call 07/15/22)(a)	USD	155		163,719
5.13%, 07/15/23 (Call 08/31/20)(c)	USD	90		91,050
5.63%, 07/15/27 (Call 07/15/22)(a)(c)	USD	65		69,631
Blue Cube Spinco LLC
9.75%, 10/15/23 (Call 10/15/20)	USD	100		103,990
10.00%, 10/15/25 (Call 10/15/20)	USD	65		69,509
Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.13%, 11/15/22 (Call 08/31/20)(a)	USD	105		103,971
Boxer Parent Co. Inc.
6.50%, 10/02/25 (Call 06/01/22)(b)	EUR	100		123,910
7.13%, 10/02/25 (Call 06/01/22)(a)	USD	65		71,500
Boyd Gaming Corp.
4.75%, 12/01/27 (Call 12/01/22)(a)	USD	125		119,679
6.00%, 08/15/26 (Call 08/15/21)	USD	90		90,900
6.38%, 04/01/26 (Call 04/01/21)	USD	95		96,871
8.63%, 06/01/25 (Call 06/01/22)(a)	USD	60		66,218
Brand Industrial Services Inc., 8.50%, 07/15/25 (Call 08/31/20)(a)(c)	USD	125		115,625
Brink’s Co. (The), 5.50%, 07/15/25 (Call 07/15/22)(a)	USD	15		15,938
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL, 5.75%, 05/15/26 (Call 05/15/22)(a)	USD	125		104,756
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)	USD	75		74,119
4.13%, 03/01/25 (Call 02/01/25)(a)	USD	50		50,125
4.13%, 12/01/27 (Call 09/01/27)	USD	75		73,463
4.15%, 07/01/23 (Call 04/01/23)	USD	50		50,281
4.50%, 03/01/28 (Call 12/01/27)(a)	USD	50		49,613
6.38%, 01/22/78 (Call 01/22/23)(d)	USD	50		34,781
Builders FirstSource Inc., 5.00%, 03/01/30 (Call 03/01/25)(a)	USD	75		78,660

Security	Par (000)		Value
United States (continued)
Caesars Resort Collection LLC/CRC Finco Inc., 5.25%, 10/15/25 (Call 10/15/20)(a)	USD	215	$	192,246
California Resources Corp., 8.00%, 12/15/22 (Call 08/31/20)(a)(e)	USD	37		666
Callon Petroleum Co.
6.13%, 10/01/24 (Call 08/31/20)	USD	75		23,063
6.25%, 04/15/23 (Call 08/31/20)	USD	35		11,444
6.38%, 07/01/26 (Call 07/01/21)	USD	50		14,391
Calpine Corp.
4.50%, 02/15/28 (Call 02/15/23)(a)	USD	155		160,802
4.63%, 02/01/29 (Call 02/01/24)(a)	USD	15		15,150
5.00%, 02/01/31 (Call 02/01/26)(a)	USD	15		15,373
5.13%, 03/15/28 (Call 03/15/23)(a)	USD	150		155,887
5.25%, 06/01/26 (Call 06/01/21)(a)	USD	150		155,566
5.50%, 02/01/24 (Call 08/26/20)	USD	75		76,136
5.75%, 01/15/25 (Call 08/26/20)(c)	USD	150		154,192
Calumet Specialty Products Partners LP/Calumet Finance Corp., 11.00%, 04/15/25 (Call 10/15/21)(a)(c)	USD	70		67,725
Carnival Corp., 10.50%, 02/01/26 (Call 08/01/23)(a)	USD	64		66,120
Catalent Pharma Solutions Inc., 2.38%, 03/01/28 (Call 03/01/23)(b)	EUR	100		113,200
CCO Holdings LLC/CCO Holdings Capital Corp.
4.00%, 03/01/23 (Call 08/17/20)(a)	USD	65		65,991
4.25%, 02/01/31 (Call 07/01/25)(a)	USD	300		313,125
4.50%, 08/15/30 (Call 02/15/25)(a)	USD	260		275,574
4.50%, 05/01/32 (Call 05/01/26)(a)	USD	145		152,772
4.75%, 03/01/30 (Call 09/01/24)(a)	USD	335		357,612
5.00%, 02/01/28 (Call 08/01/22)(a)	USD	265		280,237
5.13%, 05/01/27 (Call 05/01/22)(a)	USD	355		376,991
5.38%, 05/01/25 (Call 08/31/20)(a)	USD	95		97,961
5.38%, 06/01/29 (Call 06/01/24)(a)	USD	190		208,287
5.50%, 05/01/26 (Call 05/01/21)(a)	USD	190		200,982
5.75%, 02/15/26 (Call 02/15/21)(a)	USD	365		382,794
5.88%, 04/01/24 (Call 08/20/20)(a)	USD	215		222,460
5.88%, 05/01/27 (Call 05/01/21)(a)	USD	100		105,750
CDK Global Inc.
4.88%, 06/01/27 (Call 06/01/22)(c)	USD	75		80,202
5.00%, 10/15/24 (Call 07/15/24)	USD	65		72,475
5.25%, 05/15/29 (Call 05/15/24)(a)	USD	65		71,178
5.88%, 06/15/26 (Call 06/15/21)	USD	65		69,300
CDW LLC/CDW Finance Corp.
4.13%, 05/01/25 (Call 05/01/22)	USD	75		78,666
4.25%, 04/01/28 (Call 10/01/22)	USD	75		80,234
5.00%, 09/01/25 (Call 08/31/20)(c)	USD	75		77,728
5.50%, 12/01/24 (Call 06/01/24)	USD	70		78,313
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)	USD	70		66,129
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 04/15/22)	USD	85		82,025
5.50%, 05/01/25 (Call 05/01/22)(a)	USD	100		101,969
Centene Corp.
3.38%, 02/15/30 (Call 02/15/25)	USD	250		264,687
4.25%, 12/15/27 (Call 12/15/22)	USD	315		334,773
4.63%, 12/15/29 (Call 12/15/24)	USD	365		408,139
4.75%, 05/15/22 (Call 08/31/20)	USD	125		126,875
4.75%, 01/15/25 (Call 08/31/20)	USD	150		155,729
5.25%, 04/01/25 (Call 08/17/20)(a)	USD	150		156,168
5.38%, 06/01/26 (Call 06/01/21)(a)	USD	225		240,617
5.38%, 08/15/26 (Call 08/15/21)(a)	USD	95		101,020

7

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
CenturyLink Inc.
4.00%, 02/15/27 (Call 02/15/23)(a)	USD		130	$	135,673
5.13%, 12/15/26 (Call 12/15/22)(a)	USD		130		135,931
5.63%, 04/01/25 (Call 01/01/25)	USD		65		69,388
Series T, 5.80%, 03/15/22	USD		75		78,655
Series W, 6.75%, 12/01/23	USD		75		83,081
Series Y, 7.50%, 04/01/24 (Call 01/01/24)(c)	USD		125		141,076
CF Industries Inc., 3.45%, 06/01/23	USD		95		99,064
Change Healthcare Holdings LLC/Change Healthcare Finance Inc., 5.75%, 03/01/25 (Call 08/11/20)(a)	USD		125		127,812
Charles River Laboratories International Inc.
4.25%, 05/01/28 (Call 05/01/23)(a)	USD		65		68,738
5.50%, 04/01/26 (Call 04/01/21)(a)	USD		65		68,561
Chemours Co. (The)
5.38%, 05/15/27 (Call 02/15/27)	USD		65		64,857
6.63%, 05/15/23 (Call 08/31/20)	USD		115		115,503
7.00%, 05/15/25 (Call 08/31/20)(c)	USD		95		96,436
Cheniere Energy Partners LP
4.50%, 10/01/29 (Call 10/01/24)	USD		190		199,794
5.25%, 10/01/25 (Call 10/01/20)	USD		136		139,400
5.63%, 10/01/26 (Call 10/01/21)	USD		140		147,875
Chesapeake Energy Corp., 11.50%, 01/01/25 (Call 01/01/22)(a)(e)	USD		161		14,893
CHS/Community Health Systems Inc.
6.25%, 03/31/23 (Call 08/31/20)	USD		290		291,999
6.63%, 02/15/25 (Call 02/15/22)(a)	USD		155		156,209
6.88%, 04/01/28 (Call 04/01/23)(a)	USD		185		65,097
8.00%, 03/15/26 (Call 03/15/22)(a)	USD		210		215,097
8.00%, 12/15/27 (Call 12/15/22)(a)	USD		89		89,560
8.13%, 06/30/24 (Call 06/30/21)(a)	USD		170		108,375
8.63%, 01/15/24 (Call 01/15/21)(a)	USD		130		133,898
9.88%, 06/30/23 (Call 08/17/20)(a)(h)	USD		195		154,011
Churchill Downs Inc.
4.75%, 01/15/28 (Call 01/15/23)(a)	USD		50		51,000
5.50%, 04/01/27 (Call 04/01/22)(a)	USD		80		83,497
Cincinnati Bell Inc., 7.00%, 07/15/24 (Call 08/31/20)(a)	USD		80		82,724
Cinemark USA Inc.
4.88%, 06/01/23 (Call 08/31/20)	USD		95		81,320
5.13%, 12/15/22 (Call 08/31/20)	USD		50		43,631
CIT Group Inc.
3.93%, 06/19/24 (Call 06/19/23)(d)	USD		60		60,150
4.75%, 02/16/24 (Call 11/16/23)	USD		65		67,462
5.00%, 08/15/22	USD		95		98,313
5.00%, 08/01/23	USD		100		104,625
5.25%, 03/07/25 (Call 12/07/24)	USD		65		69,388
6.13%, 03/09/28	USD		50		57,285
Citgo Holding Inc., 9.25%, 08/01/24 (Call 08/01/21)(a)	USD		175		175,437
Clarios Global LP/Clarios US Finance Co.
4.38%, 05/15/26 (Call 05/15/22)(b)	EUR		100		118,196
6.25%, 05/15/26 (Call 05/15/22)(a)	USD		125		133,765
8.50%, 05/15/27 (Call 05/15/22)(a)	USD		245		257,997
Clear Channel Worldwide Holdings Inc.
5.13%, 08/15/27 (Call 08/15/22)(a)	USD		130		127,215
9.25%, 02/15/24 (Call 02/15/21)	USD		214		193,313
Clearway Energy Operating LLC
4.75%, 03/15/28 (Call 03/15/23)(a)	USD		85		90,961
5.75%, 10/15/25 (Call 10/15/21)	USD		75		79,875
Cleveland-Cliffs Inc.
4.88%, 01/15/24 (Call 01/15/21)(a)	USD		50		48,320
5.88%, 06/01/27 (Call 06/01/22)	USD		50		43,000

Security		Par (000)		Value
United States (continued)
6.75%, 03/15/26 (Call 03/15/22)(a)	USD		95	$	95,594
9.88%, 10/17/25 (Call 10/17/22)(a)	USD		129		140,932
CNX Resources Corp., 5.88%, 04/15/22 (Call 08/31/20)	USD		40		39,750
Colfax Corp.
3.25%, 05/15/25 (Call 08/31/20)(b)	EUR		100		118,479
6.00%, 02/15/24 (Call 02/15/21)(a)	USD		75		78,938
6.38%, 02/15/26 (Call 02/15/22)(a)(c)	USD		50		53,927
Colt Merger Sub Inc.
5.75%, 07/01/25 (Call 07/01/22)(a)	USD		10		10,325
6.25%, 07/01/25 (Call 07/01/22)(a)	USD		455		468,650
8.13%, 07/01/27 (Call 07/01/23)(a)	USD		111		113,359
CommScope Inc.
5.50%, 03/01/24 (Call 03/01/21)(a)	USD		155		160,231
6.00%, 03/01/26 (Call 03/01/22)(a)	USD		90		95,805
7.13%, 07/01/28 (Call 07/01/23)(a)	USD		65		68,812
8.25%, 03/01/27 (Call 03/01/22)(a)(c)	USD		125		134,800
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/22)(a)(c)	USD		90		87,300
6.00%, 06/15/25 (Call 08/11/20)(a)	USD		140		142,837
Comstock Resources Inc.
7.50%, 05/15/25 (Call 08/31/20)(a)	USD		80		74,963
9.75%, 08/15/26 (Call 08/15/21)	USD		100		100,000
9.75%, 08/15/26 (Call 08/15/21)	USD		20		20,000
Continental Resources Inc./OK
3.80%, 06/01/24 (Call 03/01/24)	USD		100		96,780
4.38%, 01/15/28 (Call 10/15/27)	USD		125		116,957
4.50%, 04/15/23 (Call 01/15/23)	USD		125		125,000
Core & Main LP, 6.13%, 08/15/25 (Call 08/31/20)(a)	USD		20		20,602
Coty Inc., 4.75%, 04/15/26 (Call 04/15/21)(b)	EUR		100		94,811
Covanta Holding Corp.
5.88%, 03/01/24 (Call 08/31/20)	USD		50		51,388
5.88%, 07/01/25 (Call 08/31/20)	USD		50		52,125
6.00%, 01/01/27 (Call 01/01/22)	USD		50		52,047
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.63%, 05/01/27 (Call 05/01/22)(a)	USD		75		67,259
5.75%, 04/01/25 (Call 08/31/20)	USD		65		61,181
6.25%, 04/01/23 (Call 08/17/20)	USD		90		87,156
Crown Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 01/15/23	USD		125		131,940
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)	USD		50		53,088
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 02/01/21)	USD		100		104,458
Crown European Holdings SA
0.75%, 02/15/23 (Call 01/15/23)(b)	EUR		100		115,857
2.25%, 02/01/23 (Call 11/01/22)(b)	EUR		100		119,866
2.88%, 02/01/26 (Call 08/01/25)(b)	EUR		100		122,252
4.00%, 07/15/22 (Call 04/15/22)(b)	EUR		100		123,849
CrownRock LP/CrownRock Finance Inc., 5.63%, 10/15/25 (Call 10/15/20)(a)	USD		150		147,000
CSC Holdings LLC
5.25%, 06/01/24	USD		250		275,000
5.38%, 02/01/28 (Call 02/01/23)(a)	USD		200		217,125
5.50%, 05/15/26 (Call 05/15/21)(a)	USD		200		209,750
5.50%, 04/15/27 (Call 04/15/22)(a)	USD		200		214,017
5.75%, 01/15/30 (Call 01/15/25)(a)	USD		200		221,960
6.50%, 02/01/29 (Call 02/01/24)(a)	USD		300		343,500
6.75%, 11/15/21	USD		100		106,021
7.50%, 04/01/28 (Call 04/01/23)(a)	USD		200		229,560

8

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
10.88%, 10/15/25 (Call 10/15/20)(a)	USD		200	$	214,570
CVR Energy Inc.
5.25%, 02/15/25 (Call 02/15/22)(a)	USD		50		45,813
5.75%, 02/15/28 (Call 02/15/23)(a)	USD		50		44,503
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 08/31/20)(a)	USD		50		51,859
Dana Inc.
5.38%, 11/15/27 (Call 11/15/22)	USD		15		15,709
5.50%, 12/15/24 (Call 08/31/20)	USD		55		56,213
5.63%, 06/15/28 (Call 06/15/23)	USD		35		36,531
Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/15/21)(b)	EUR		100		120,627
DaVita Inc.
4.63%, 06/01/30 (Call 06/01/25)(a)	USD		175		186,375
5.00%, 05/01/25 (Call 08/17/20)	USD		190		195,231
DCP Midstream Operating LP
3.88%, 03/15/23 (Call 12/15/22)	USD		65		65,169
4.75%, 09/30/21 (Call 06/30/21)(a)	USD		65		65,992
5.13%, 05/15/29 (Call 02/15/29)	USD		75		75,375
5.38%, 07/15/25 (Call 04/15/25)	USD		105		110,746
5.63%, 07/15/27 (Call 04/15/27)	USD		25		25,865
5.85%, 05/21/43 (Call 05/21/23)(a)(d)	USD		65		49,010
Dell International LLC/EMC Corp., 7.13%, 06/15/24 (Call 08/17/20)(a)(c)	USD		205		212,944
Delta Air Lines Inc.
2.90%, 10/28/24 (Call 09/28/24)	USD		75		65,063
3.75%, 10/28/29 (Call 07/28/29)	USD		100		80,880
3.80%, 04/19/23 (Call 03/19/23)	USD		100		93,117
4.38%, 04/19/28 (Call 01/19/28)	USD		25		21,406
7.38%, 01/15/26 (Call 12/15/25)	USD		175		173,469
Diamond Resorts International Inc.
7.75%, 09/01/23 (Call 08/31/20)(a)	USD		65		63,448
10.75%, 09/01/24 (Call 08/31/20)(a)	USD		75		66,563
Diamond Sports Group LLC/Diamond Sports Finance Co.
5.38%, 08/15/26 (Call 08/15/22)(a)	USD		330		252,450
6.63%, 08/15/27 (Call 08/15/22)(a)	USD		200		109,500
Diebold Nixdorf Inc.
8.50%, 04/15/24 (Call 08/31/20)	USD		25		22,938
9.38%, 07/15/25 (Call 07/15/22)(a)	USD		36		38,030
DISH DBS Corp.
5.00%, 03/15/23(c)	USD		190		198,409
5.88%, 07/15/22(c)	USD		225		237,098
5.88%, 11/15/24	USD		200		209,750
7.38%, 07/01/28 (Call 07/01/23)(a)	USD		47		49,879
7.75%, 07/01/26(c)	USD		250		280,692
Diversified Healthcare Trust
4.75%, 02/15/28 (Call 08/15/27)(c)	USD		65		56,164
9.75%, 06/15/25 (Call 06/15/22)	USD		85		93,819
DPL Inc., 4.35%, 04/15/29 (Call 01/15/29)	USD		50		52,521
Dun & Bradstreet Corp./The
6.88%, 08/15/26 (Call 02/15/22)(a)	USD		90		98,323
10.25%, 02/15/27 (Call 02/15/22)(a)	USD		57		64,737
Edgewell Personal Care Co.
4.70%, 05/24/22	USD		65		68,392
5.50%, 06/01/28 (Call 06/01/23)(a)	USD		80		86,600
Elanco Animal Health Inc.
4.66%, 08/27/21	USD		65		67,376
5.02%, 08/28/23 (Call 07/28/23)	USD		100		110,800
5.65%, 08/28/28 (Call 05/28/28)	USD		75		86,936
EMC Corp., 3.38%, 06/01/23 (Call 03/01/23)	USD		125		130,820

Security		Par (000)		Value
United States (continued)
Encompass Health Corp.
4.50%, 02/01/28 (Call 02/01/23)	USD		80	$	83,514
4.75%, 02/01/30 (Call 02/01/25)	USD		80		84,400
5.75%, 11/01/24 (Call 08/31/20)	USD		87		87,699
Endeavor Energy Resources LP/EER Finance Inc.
5.50%, 01/30/26 (Call 01/30/21)(a)	USD		65		65,704
5.75%, 01/30/28 (Call 01/30/23)(a)	USD		125		128,854
6.63%, 07/15/25 (Call 07/15/22)(a)	USD		10		10,513
Endo Dac/Endo Finance LLC/Endo Finco Inc.
6.00%, 06/30/28 (Call 06/30/23)(a)	USD		91		69,388
9.50%, 07/31/27 (Call 07/31/23)(a)	USD		72		77,580
Energizer Gamma Acquisition BV, 4.63%, 07/15/26 (Call 07/15/21)(b)	EUR		100		121,345
Energizer Holdings Inc.
4.75%, 06/15/28 (Call 06/15/23)(a)	USD		50		53,630
6.38%, 07/15/26 (Call 07/15/21)(a)	USD		65		69,196
7.75%, 01/15/27 (Call 01/15/22)(a)	USD		65		72,204
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)	USD		90		72,108
4.40%, 04/01/24 (Call 01/01/24)	USD		50		42,418
4.85%, 07/15/26 (Call 04/15/26)	USD		65		50,384
EQM Midstream Partners LP
4.00%, 08/01/24 (Call 05/01/24)	USD		75		74,288
4.13%, 12/01/26 (Call 09/01/26)	USD		50		48,500
4.75%, 07/15/23 (Call 06/15/23)	USD		125		126,562
5.50%, 07/15/28 (Call 04/15/28)	USD		100		103,805
6.00%, 07/01/25 (Call 04/01/25)(a)	USD		35		36,925
6.50%, 07/01/27 (Call 01/01/27)(a)	USD		75		82,695
EQT Corp.
3.90%, 10/01/27 (Call 07/01/27)	USD		150		140,032
7.88%, 02/01/25 (Call 01/01/25)	USD		100		110,125
8.75%, 02/01/30 (Call 11/01/29)	USD		100		113,660
ESH Hospitality Inc.
4.63%, 10/01/27 (Call 10/01/22)(a)	USD		95		91,293
5.25%, 05/01/25 (Call 08/31/20)(a)	USD		140		143,013
Exela Intermediate LLC/Exela Finance Inc., 10.00%, 07/15/23 (Call 08/31/20)(a)(c)	USD		125		31,213
Ferrellgas LP/Ferrellgas Finance Corp.
6.75%, 01/15/22 (Call 08/31/20)	USD		60		51,621
6.75%, 06/15/23 (Call 08/17/20)(c)	USD		60		51,546
10.00%, 04/15/25 (Call 04/15/22)(a)	USD		25		27,493
Fifth Third Bancorp., 5.10%, (Call 06/30/23)(d)(i)	USD		100		91,187
Flex Acquisition Co. Inc.
6.88%, 01/15/25 (Call 08/31/20)(a)	USD		80		81,267
7.88%, 07/15/26 (Call 07/15/21)(a)(c)	USD		65		67,383
Ford Credit Canada Co., 4.46%, 11/13/24	CAD		50		36,114
Ford Motor Co.
4.35%, 12/08/26 (Call 09/08/26)	USD		200		203,000
8.50%, 04/21/23	USD		395		437,709
9.00%, 04/22/25 (Call 03/22/25)	USD		430		505,011
9.63%, 04/22/30 (Call 01/22/30)	USD		125		164,687
Ford Motor Credit Co. LLC
1.36%, 02/07/25	EUR		100		108,828
1.51%, 02/17/23	EUR		100		114,215
1.74%, 07/19/24	EUR		100		111,576
2.39%, 02/17/26	EUR		100		111,444
3.02%, 03/06/24	EUR		200		234,312
3.35%, 11/01/22	USD		200		201,000
3.81%, 01/09/24 (Call 11/09/23)	USD		200		201,670
4.06%, 11/01/24 (Call 10/01/24)	USD		200		204,440

9

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
4.27%, 01/09/27 (Call 11/09/26)	USD		200	$	203,060
4.38%, 08/06/23	USD		200		206,958
4.39%, 01/08/26	USD		200		205,250
5.11%, 05/03/29 (Call 02/03/29)(c)	USD		200		213,940
5.13%, 06/16/25 (Call 05/16/25)	USD		415		440,455
Fortress Transportation & Infrastructure Investors LLC
6.50%, 10/01/25 (Call 10/01/21)(a)	USD		55		51,563
6.75%, 03/15/22 (Call 08/31/20)(a)	USD		90		91,303
Fortress Transportation and Infrastructure Investors LLC, 9.75%, 08/01/27 (Call 08/01/23)(a)	USD		40		41,300
Freedom Mortgage Corp.
8.13%, 11/15/24 (Call 11/15/20)(a)	USD		55		54,230
8.25%, 04/15/25 (Call 04/15/21)(a)	USD		90		89,775
Freeport-McMoRan Inc.
3.55%, 03/01/22 (Call 12/01/21)	USD		40		41,452
3.88%, 03/15/23 (Call 12/15/22)	USD		190		201,518
4.13%, 03/01/28 (Call 03/01/23)	USD		75		78,844
4.25%, 03/01/30 (Call 03/01/25)	USD		75		78,454
4.38%, 08/01/28 (Call 08/01/23)	USD		20		21,181
4.55%, 11/14/24 (Call 08/14/24)(c)	USD		105		112,350
4.63%, 08/01/30 (Call 08/01/25)	USD		15		16,019
5.00%, 09/01/27 (Call 09/01/22)	USD		80		85,032
5.25%, 09/01/29 (Call 09/01/24)	USD		85		94,057
Frontier Communications Corp.
8.00%, 04/01/27 (Call 04/01/22)(a)	USD		210		217,350
8.50%, 04/01/26 (Call 04/01/21)(a)	USD		200		197,000
FXI Holdings Inc.
7.88%, 11/01/24 (Call 11/01/20)(a)	USD		64		55,343
12.25%, 11/15/26 (Call 11/15/22)(a)	USD		99		97,119
Gap Inc. (The)
8.38%, 05/15/23(a)	USD		35		38,497
8.63%, 05/15/25 (Call 05/15/22)(a)	USD		90		99,198
8.88%, 05/15/27 (Call 05/15/23)(a)	USD		125		139,738
Gartner Inc., 4.50%, 07/01/28 (Call 07/01/23)(a)	USD		75		79,125
Genesis Energy LP/Genesis Energy Finance Corp.
6.00%, 05/15/23 (Call 08/31/20)	USD		50		47,406
6.25%, 05/15/26 (Call 02/15/21)	USD		50		46,875
6.50%, 10/01/25 (Call 10/01/20)	USD		70		64,838
7.75%, 02/01/28 (Call 02/01/23)	USD		95		89,775
Genworth Holdings Inc., 7.63%, 09/24/21	USD		90		90,225
Golden Nugget Inc.
6.75%, 10/15/24 (Call 08/31/20)(a)	USD		165		113,437
8.75%, 10/01/25 (Call 10/01/20)(a)	USD		85		44,519
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)	USD		90		88,875
5.00%, 05/31/26 (Call 05/31/21)	USD		115		114,766
5.13%, 11/15/23 (Call 08/31/20)	USD		125		125,069
9.50%, 05/31/25 (Call 05/31/22)	USD		75		84,422
Graphic Packaging International LLC, 3.50%, 03/15/28(a)	USD		75		76,125
Gray Television Inc.
5.13%, 10/15/24 (Call 08/11/20)(a)(c)	USD		75		77,250
5.88%, 07/15/26 (Call 07/15/21)(a)(c)	USD		65		67,185
7.00%, 05/15/27 (Call 05/15/22)(a)	USD		90		98,304
Griffon Corp.
5.75%, 03/01/28 (Call 03/01/23)	USD		120		125,700
5.75%, 03/01/28 (Call 03/01/23)(a)	USD		10		10,450
Gulfport Energy Corp.
6.00%, 10/15/24 (Call 08/31/20)	USD		80		41,650
6.38%, 05/15/25 (Call 08/31/20)	USD		50		24,413

Security		Par (000)		Value
United States (continued)
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(b)	EUR		100	$	118,738
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)(a)	USD		115		121,635
4.88%, 05/15/26 (Call 02/15/26)(a)(c)	USD		115		125,637
5.38%, 05/15/25 (Call 05/15/22)(a)	USD		30		32,050
HCA Inc.
3.50%, 09/01/30 (Call 03/01/30)	USD		315		331,404
5.38%, 02/01/25	USD		275		308,502
5.38%, 09/01/26 (Call 03/01/26)(c)	USD		125		142,812
5.63%, 09/01/28 (Call 03/01/28)	USD		165		196,989
5.88%, 05/01/23	USD		155		170,250
5.88%, 02/15/26 (Call 08/15/25)	USD		165		192,687
5.88%, 02/01/29 (Call 08/01/28)	USD		125		152,038
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%,
09/01/25 (Call 09/01/22)(a)	USD		155		168,562
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/15/22)(a)(c)	USD		150		158,858
Hess Midstream Operations LP
5.13%, 06/15/28 (Call 06/15/23)(a)	USD		70		71,072
5.63%, 02/15/26 (Call 02/15/21)(a)	USD		100		101,877
Hilcorp Energy I LP/Hilcorp Finance Co.
5.00%, 12/01/24 (Call 08/31/20)(a)	USD		65		61,749
5.75%, 10/01/25 (Call 08/31/20)(a)	USD		65		61,628
6.25%, 11/01/28 (Call 11/01/23)(a)	USD		75		69,023
Hilton Domestic Operating Co. Inc.
4.25%, 09/01/24 (Call 08/17/20)	USD		125		126,250
4.88%, 01/15/30 (Call 01/15/25)	USD		130		136,012
5.13%, 05/01/26 (Call 05/01/21)	USD		165		170,063
5.38%, 05/01/25 (Call 05/01/22)(a)	USD		10		10,454
5.75%, 05/01/28 (Call 05/01/23)(a)	USD		65		69,266
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp.
4.63%, 04/01/25 (Call 08/17/20)	USD		100		101,625
4.88%, 04/01/27 (Call 04/01/22)	USD		75		77,895
Hologic Inc.
4.38%, 10/15/25 (Call 10/15/20)(a)	USD		100		102,494
4.63%, 02/01/28 (Call 02/01/23)(a)	USD		50		53,385
Howard Hughes Corp. (The), 5.38%, 03/15/25
(Call 08/31/20)(a)	USD		125		126,226
Howmet Aerospace Inc.
5.13%, 10/01/24 (Call 07/01/24)	USD		155		165,969
6.88%, 05/01/25 (Call 04/01/25)	USD		130		146,780
HUB International Ltd., 7.00%, 05/01/26 (Call 05/01/21)(a)	USD		175		185,234
Hughes Satellite Systems Corp.
5.25%, 08/01/26	USD		95		104,299
6.63%, 08/01/26	USD		100		110,823
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.75%, 09/15/24 (Call 06/15/24)	USD		125		127,232
5.25%, 05/15/27 (Call 11/15/26)	USD		122		126,302
6.25%, 05/15/26 (Call 05/15/22)(c)	USD		130		137,380
6.38%, 12/15/25 (Call 12/15/20)	USD		95		98,471
6.75%, 02/01/24 (Call 08/31/20)	USD		65		66,950
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 01/15/23)(a)(c)	USD		65		64,370
5.25%, 08/15/27 (Call 08/15/22)(a)	USD		95		95,830
6.38%, 05/01/26 (Call 05/01/22)	USD		100		105,373
8.38%, 05/01/27 (Call 05/01/22)	USD		155		154,563
International Game Technology PLC, 6.50%, 02/15/25 (Call 08/15/24)(a)	USD		200		216,089
Intrado Corp., 8.50%, 10/15/25 (Call 10/15/20)(a)	USD		145		122,706

10

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
IQVIA Inc.
2.25%, 01/15/28 (Call 07/15/22)(b)	EUR		100	$	116,878
2.88%, 06/15/28 (Call 06/15/23)(b)	EUR		100		120,593
3.25%, 03/15/25 (Call 08/31/20)(b)	EUR		200		239,882
5.00%, 05/15/27 (Call 05/15/22)(a)	USD		200		213,123
IRB Holding Corp.
6.75%, 02/15/26 (Call 02/15/21)(a)	USD		50		50,250
7.00%, 06/15/25 (Call 06/15/22)(a)	USD		75		81,830
Iron Mountain Inc.
4.88%, 09/15/27 (Call 09/15/22)(a)	USD		125		129,844
4.88%, 09/15/29 (Call 09/15/24)(a)	USD		125		129,844
5.00%, 07/15/28 (Call 07/15/23)(a)	USD		30		31,060
5.25%, 03/15/28 (Call 12/27/22)(a)	USD		105		109,848
5.25%, 07/15/30 (Call 07/15/25)(a)	USD		140		147,960
5.63%, 07/15/32 (Call 07/15/26)(a)	USD		75		80,531
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 11/15/20)(b)	GBP		100		130,230
iStar Inc.
4.25%, 08/01/25 (Call 05/01/25)	USD		70		67,419
4.75%, 10/01/24 (Call 07/01/24)	USD		100		98,902
5.25%, 09/15/22 (Call 08/31/20)	USD		50		50,125
Jaguar Holding Co. II/PPD Development LP
4.63%, 06/15/25 (Call 06/15/22)(a)	USD		20		20,981
5.00%, 06/15/28 (Call 06/15/23)(a)	USD		25		26,618
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 12/15/20)(a)	USD		50		50,485
4.88%, 12/15/27 (Call 12/15/22)(a)	USD		50		51,099
KB Home, 7.00%, 12/15/21 (Call 09/15/21)	USD		55		57,632
Kennedy-Wilson Inc., 5.88%, 04/01/24 (Call 08/31/20)	USD		150		150,562
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
4.75%, 06/01/27 (Call 06/01/22)(a)	USD		100		106,640
5.00%, 06/01/24 (Call 08/31/20)(a)	USD		130		133,041
5.25%, 06/01/26 (Call 06/01/21)(a)	USD		130		136,175
Kraft Heinz Foods Co.
1.50%, 05/24/24 (Call 02/24/24)(b)	EUR		100		118,469
2.00%, 06/30/23 (Call 03/30/23)(b)	EUR		100		120,740
2.25%, 05/25/28 (Call 02/25/28)(b)	EUR		150		177,605
3.00%, 06/01/26 (Call 03/01/26)	USD		200		211,639
3.75%, 04/01/30 (Call 01/01/30)(a)	USD		100		108,148
3.88%, 05/15/27 (Call 02/15/27)(a)	USD		155		166,502
3.95%, 07/15/25 (Call 04/15/25)	USD		175		192,219
4.25%, 03/01/31 (Call 12/01/30)(a)	USD		165		180,856
4.63%, 01/30/29 (Call 10/30/28)	USD		125		142,161
L Brands Inc.
5.25%, 02/01/28	USD		65		60,369
5.63%, 02/15/22	USD		110		112,750
5.63%, 10/15/23	USD		65		65,874
6.88%, 07/01/25 (Call 07/01/22)(a)	USD		10		10,775
7.50%, 06/15/29 (Call 06/15/24)	USD		65		66,625
9.38%, 07/01/25(a)	USD		10		11,163
LABL Escrow Issuer LLC
6.75%, 07/15/26 (Call 07/15/22)(a)	USD		90		97,200
10.50%, 07/15/27 (Call 07/15/22)(a)(c)	USD		85		92,384
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 02/01/23)(a)	USD		80		67,723
5.25%, 03/15/22 (Call 09/15/21)(a)	USD		65		63,700
5.25%, 10/01/25 (Call 10/01/20)(a)	USD		60		54,825
Lamar Media Corp.
3.75%, 02/15/28 (Call 02/15/23)(a)	USD		75		75,656

Security		Par (000)		Value
United States (continued)
4.00%, 02/15/30 (Call 02/15/25)(a)	USD		50	$	50,320
4.88%, 01/15/29 (Call 01/15/24)(a)	USD		15		15,722
5.00%, 05/01/23 (Call 08/31/20)	USD		50		50,421
5.75%, 02/01/26 (Call 02/01/21)	USD		80		83,824
Lamb Weston Holdings Inc.
4.63%, 11/01/24 (Call 11/01/21)(a)	USD		100		105,000
4.88%, 11/01/26 (Call 11/01/21)(a)	USD		105		110,119
4.88%, 05/15/28 (Call 11/15/27)(a)	USD		60		67,200
Laredo Petroleum Inc.
9.50%, 01/15/25 (Call 01/15/22)	USD		75		52,819
10.13%, 01/15/28 (Call 01/15/23)	USD		50		35,500
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27 (Call 10/15/22)(a)	USD		200		215,000
Lennar Corp.
4.13%, 01/15/22 (Call 10/15/21)	USD		75		76,886
4.50%, 04/30/24 (Call 01/31/24)	USD		80		86,301
4.75%, 11/15/22 (Call 08/15/22)	USD		25		26,250
4.75%, 05/30/25 (Call 02/28/25)	USD		65		71,805
4.75%, 11/29/27 (Call 05/29/27)	USD		90		103,000
4.88%, 12/15/23 (Call 09/15/23)	USD		55		59,400
5.88%, 11/15/24 (Call 05/15/24)	USD		55		62,279
Level 3 Financing Inc.
4.25%, 07/01/28 (Call 07/01/23)(a)	USD		125		130,338
4.63%, 09/15/27 (Call 09/15/22)(a)	USD		125		131,406
5.13%, 05/01/23 (Call 08/31/20)	USD		90		90,335
5.25%, 03/15/26 (Call 03/15/21)	USD		100		104,447
5.38%, 01/15/24 (Call 08/31/20)	USD		115		116,564
5.38%, 05/01/25 (Call 08/31/20)	USD		75		77,381
Levi Strauss & Co.
3.38%, 03/15/27 (Call 03/15/22)	EUR		100		119,994
5.00%, 05/01/25 (Call 08/31/20)(a)	USD		45		46,017
Liberty Mutual Group Inc., 3.63%, 05/23/59 (Call 05/23/24)(b)(d)	EUR		100		116,304
LifePoint Health Inc.
4.38%, 02/15/27 (Call 02/15/22)(a)	USD		85		86,437
6.75%, 04/15/25 (Call 04/15/22)(a)	USD		35		37,693
Lions Gate Capital Holdings LLC
5.88%, 11/01/24 (Call 08/31/20)(a)	USD		60		59,631
6.38%, 02/01/24 (Call 02/01/21)(a)	USD		65		65,612
Live Nation Entertainment Inc.
4.75%, 10/15/27 (Call 10/15/22)(a)	USD		150		138,562
6.50%, 05/15/27 (Call 05/15/23)(a)	USD		160		172,000
LKQ European Holdings BV, 4.13%, 04/01/28
(Call 04/01/23)(b)	EUR		100		122,993
LKQ Italia Bondco SpA, 3.88%, 04/01/24
(Call 01/01/24)(b)	EUR		100		122,463
LPL Holdings Inc.
4.63%, 11/15/27 (Call 11/15/22)(a)	USD		50		51,502
5.75%, 09/15/25 (Call 08/11/20)(a)	USD		115		119,922
Macy’s Inc., 8.38%, 06/15/25 (Call 06/15/22)(a)	USD		175		182,875
Macy’s Retail Holdings LLC, 3.63%, 06/01/24
(Call 03/01/24)	USD		100		78,000
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
5.63%, 10/15/23 (Call 08/31/20)(a)(c)	USD		65		10,400
5.75%, 08/01/22 (Call 08/31/20)(a)	USD		75		12,675
Marriott Ownership Resorts Inc., 6.13%, 09/15/25
(Call 05/15/22)(a)	USD		15		16,002
Marriott Ownership Resorts Inc./ILG LLC, 6.50%, 09/15/26 (Call 09/15/21)	USD		100		103,375

11

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Matador Resources Co., 5.88%, 09/15/26 (Call 09/15/21)	USD		130	$	98,800
Match Group Holdings II LLC
4.13%, 08/01/30 (Call 05/01/25)(a)	USD		65		66,950
4.63%, 06/01/28 (Call 06/01/23)(a)	USD		10		10,590
5.00%, 12/15/27 (Call 12/15/22)(a)	USD		75		78,750
Mattel Inc.
5.88%, 12/15/27 (Call 12/15/22)(a)	USD		60		64,663
6.75%, 12/31/25 (Call 12/31/20)(a)	USD		190		203,646
Mauser Packaging Solutions Holding Co.
4.75%, 04/15/24 (Call 08/31/20)(b)	EUR		100		116,096
5.50%, 04/15/24 (Call 08/31/20)(a)	USD		185		188,700
7.25%, 04/15/25 (Call 08/31/20)(a)(c)	USD		170		163,412
MEDNAX Inc.
5.25%, 12/01/23 (Call 08/31/20)(a)	USD		100		101,625
6.25%, 01/15/27 (Call 01/15/22)(a)(c)	USD		125		132,187
Mercer International Inc., 7.38%, 01/15/25 (Call 01/15/21)	USD		75		75,492
Meredith Corp., 6.88%, 02/01/26 (Call 02/01/21)(c)	USD		160		138,992
Meritage Homes Corp., 6.00%, 06/01/25 (Call 03/01/25)	USD		50		56,446
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc.
4.50%, 09/01/26 (Call 06/01/26)	USD		65		67,687
4.63%, 06/15/25 (Call 03/15/25)(a)	USD		120		126,149
5.63%, 05/01/24 (Call 02/01/24)	USD		130		141,139
5.75%, 02/01/27 (Call 11/01/26)	USD		95		103,418
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)	USD		62		60,295
5.50%, 04/15/27 (Call 01/15/27)	USD		111		111,010
5.75%, 06/15/25 (Call 03/15/25)	USD		165		170,226
6.00%, 03/15/23	USD		155		161,848
6.75%, 05/01/25 (Call 05/01/22)	USD		50		52,018
7.75%, 03/15/22	USD		125		133,125
Microchip Technology Inc., 4.25%, 09/01/25
(Call 09/01/22)(a)	USD		155		162,509
Molina Healthcare Inc.
4.38%, 06/15/28 (Call 06/15/23)(a)	USD		80		84,934
5.38%, 11/15/22 (Call 08/15/22)	USD		90		94,692
Moss Creek Resources Holdings Inc., 10.50%, 05/15/27 (Call 05/15/22)(a)	USD		65		39,033
MPH Acquisition Holdings LLC, 7.13%, 06/01/24
(Call 08/31/20)(a)(c)	USD		195		200,119
MPT Operating Partnership LP/MPT Finance Corp.
2.55%, 12/05/23 (Call 11/05/23)	GBP		100		131,066
3.69%, 06/05/28 (Call 04/06/28)	GBP		100		132,061
4.00%, 08/19/22 (Call 05/19/22)	EUR		100		123,287
4.63%, 08/01/29 (Call 08/01/24)	USD		90		94,987
5.00%, 10/15/27 (Call 10/15/22)	USD		175		187,687
5.25%, 08/01/26 (Call 08/01/21)	USD		65		68,429
6.38%, 03/01/24 (Call 08/31/20)	USD		65		67,298
MSCI Inc.
3.63%, 09/01/30 (Call 03/01/25)(a)	USD		40		42,588
3.88%, 02/15/31 (Call 06/01/25)(a)	USD		150		163,125
4.00%, 11/15/29 (Call 11/15/24)(a)	USD		100		107,760
4.75%, 08/01/26 (Call 08/01/21)(a)	USD		65		68,177
5.38%, 05/15/27 (Call 05/15/22)(a)	USD		65		70,611
Murphy Oil Corp.
5.75%, 08/15/25 (Call 08/31/20)	USD		75		70,592
5.88%, 12/01/27 (Call 12/01/22)	USD		55		50,600
6.88%, 08/15/24 (Call 08/31/20)	USD		50		49,543
Nabors Industries Inc., 5.75%, 02/01/25 (Call 11/01/24)	USD		100		38,982

Security		Par (000)		Value
United States (continued)
Nabors Industries Ltd.
7.25%, 01/15/26 (Call 07/15/22)(a)	USD		50	$	31,862
7.50%, 01/15/28 (Call 01/15/23)(a)	USD		50		31,268
Nationstar Mortgage Holdings Inc.
6.00%, 01/15/27 (Call 01/15/23)(a)	USD		60		61,609
8.13%, 07/15/23 (Call 08/31/20)(a)	USD		125		130,469
9.13%, 07/15/26 (Call 07/15/21)(a)	USD		120		130,686
Navient Corp.
5.00%, 03/15/27 (Call 09/15/26)	USD		65		62,487
5.50%, 01/25/23	USD		125		127,927
5.88%, 10/25/24	USD		65		66,194
6.13%, 03/25/24	USD		105		108,812
6.50%, 06/15/22	USD		100		104,062
6.63%, 07/26/21	USD		57		58,425
6.75%, 06/25/25	USD		65		67,966
6.75%, 06/15/26	USD		65		67,297
7.25%, 01/25/22	USD		45		47,191
7.25%, 09/25/23	USD		65		68,718
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc., 7.38%, 01/15/22 (Call 08/31/20)(a)	USD		75		31,339
Navistar International Corp.
6.63%, 11/01/25 (Call 11/01/20)(a)	USD		140		143,500
9.50%, 05/01/25 (Call 05/01/22)(a)	USD		30		34,238
NCL Corp. Ltd.
10.25%, 02/01/26 (Call 08/01/23)(a)	USD		70		69,475
12.25%, 05/15/24 (Call 02/15/24)(a)	USD		115		124,776
NCR Corp.
5.00%, 07/15/22 (Call 08/31/20)	USD		75		75,278
5.75%, 09/01/27 (Call 09/01/22)(a)	USD		65		67,317
6.13%, 09/01/29 (Call 09/01/24)(a)(c)	USD		65		71,204
6.38%, 12/15/23 (Call 08/31/20)	USD		90		92,289
8.13%, 04/15/25 (Call 04/15/22)(a)	USD		25		27,743
Netflix Inc.
3.00%, 06/15/25 (Call 03/15/25)(b)	EUR		100		124,103
3.63%, 06/15/25 (Call 03/15/25)(a)	USD		25		26,531
3.63%, 05/15/27	EUR		100		128,355
3.63%, 06/15/30 (Call 03/15/30)(b)	EUR		200		257,329
3.88%, 11/15/29(b)	EUR		100		131,210
4.38%, 11/15/26(c)	USD		125		138,574
4.63%, 05/15/29	EUR		100		137,100
4.88%, 04/15/28(c)	USD		175		203,423
4.88%, 06/15/30 (Call 03/15/30)(a)	USD		125		147,162
5.38%, 11/15/29(a)	USD		90		109,012
5.50%, 02/15/22	USD		75		79,063
5.75%, 03/01/24	USD		50		56,209
5.88%, 02/15/25	USD		100		115,063
5.88%, 11/15/28	USD		190		235,961
6.38%, 05/15/29	USD		100		127,000
Newell Brands Inc.
4.35%, 04/01/23 (Call 02/01/23)	USD		175		185,936
4.70%, 04/01/26 (Call 01/01/26)	USD		250		271,012
4.88%, 06/01/25 (Call 05/01/25)	USD		40		43,500
Nexstar Broadcasting Inc.
5.63%, 08/01/24 (Call 08/11/20)(a)(c)	USD		115		118,115
5.63%, 07/15/27 (Call 07/15/22)(a)	USD		200		213,810
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)(a)	USD		65		68,169
4.25%, 07/15/24 (Call 04/15/24)(a)	USD		45		47,855
4.25%, 09/15/24 (Call 07/15/24)(a)	USD		70		75,060
4.50%, 09/15/27 (Call 06/15/27)(a)	USD		65		71,256

12

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
United States (continued)
NFP Corp., 6.88%, 08/15/28 (Call 08/15/23)(a)	USD	45	$	45,056
NGL Energy Partners LP/NGL Energy Finance Corp.
7.50%, 11/01/23 (Call 08/31/20)	USD	80		63,300
7.50%, 04/15/26 (Call 04/15/22)	USD	70		48,708
Nielsen Co Luxembourg SARL (The), 5.00%, 02/01/25 (Call 08/31/20)(a)(c)	USD	65		67,031
Nielsen Finance LLC/Nielsen Finance Co., 5.00%, 04/15/22 (Call 08/31/20)(a)	USD	240		240,900
NortonLifeLock Inc.
3.95%, 06/15/22 (Call 03/15/22)	USD	50		51,813
5.00%, 04/15/25 (Call 08/11/20)(a)(c)	USD	140		143,804
Novelis Corp.
4.75%, 01/30/30 (Call 01/30/25)(a)	USD	170		177,862
5.88%, 09/30/26 (Call 09/30/21)(a)	USD	190		202,329
NRG Energy Inc.
5.25%, 06/15/29 (Call 06/15/24)(a)	USD	90		99,103
5.75%, 01/15/28 (Call 01/15/23)	USD	105		114,997
6.63%, 01/15/27 (Call 07/15/21)(c)	USD	155		165,582
7.25%, 05/15/26 (Call 05/15/21)	USD	125		134,478
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)	USD	65		63,453
6.00%, 06/01/26 (Call 03/01/26)	USD	65		66,625
Oasis Petroleum Inc., 6.88%, 03/15/22 (Call 08/31/20)	USD	115		20,508
Occidental Petroleum Corp.
2.70%, 02/15/23 (Call 11/15/22)	USD	25		23,899
3.20%, 08/15/26 (Call 06/15/26)	USD	150		136,168
3.40%, 04/15/26 (Call 01/15/26)	USD	150		136,312
3.50%, 06/15/25 (Call 03/15/25)	USD	100		94,215
3.50%, 08/15/29 (Call 05/15/29)	USD	125		111,096
5.55%, 03/15/26 (Call 12/15/25)	USD	100		100,350
7.50%, 05/01/31	USD	100		105,580
7.88%, 09/15/31	USD	50		53,250
8.00%, 07/15/25 (Call 04/15/25)	USD	155		168,369
8.50%, 07/15/27 (Call 01/15/27)	USD	190		211,109
8.88%, 07/15/30 (Call 01/15/30)	USD	100		112,625
OI European Group BV, 3.13%, 11/15/24 (Call 08/15/24)(b)	EUR	100		119,997
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)	USD	65		61,100
5.13%, 09/15/27 (Call 03/15/22)	USD	65		63,069
5.63%, 08/01/29 (Call 08/01/24)	USD	95		90,822
9.50%, 06/01/25 (Call 03/01/25)(a)	USD	40		45,529
OneMain Finance Corp.
5.38%, 11/15/29 (Call 05/15/29)	USD	75		79,478
5.63%, 03/15/23	USD	100		106,104
6.13%, 05/15/22	USD	75		78,937
6.13%, 03/15/24 (Call 09/15/23)	USD	165		179,025
6.63%, 01/15/28 (Call 07/15/27)	USD	100		114,550
6.88%, 03/15/25	USD	155		172,459
7.13%, 03/15/26	USD	175		204,799
7.75%, 10/01/21	USD	40		42,300
8.88%, 06/01/25 (Call 06/01/22)	USD	75		84,562
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA
7.25%, 02/01/28 (Call 02/01/23)(a)	USD	75		78,375
7.38%, 06/01/25 (Call 06/01/22)(a)	USD	45		47,984
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.63%, 03/15/30 (Call 03/15/25)(a)	USD	65		60,709
5.00%, 08/15/27 (Call 08/15/22)(a)	USD	80		78,146
5.63%, 02/15/24 (Call 08/31/20)	USD	50		50,568

Security	Par (000)		Value
United States (continued)
6.25%, 06/15/25 (Call 06/15/22)(a)	USD	30	$	30,517
Owens-Brockway Glass Container Inc.
5.88%, 08/15/23(a)	USD	90		95,013
6.63%, 05/13/27 (Call 05/15/23)(a)	USD	40		43,133
Pacific Drilling SA, 8.38%, 10/01/23 (Call 10/01/20)(a)	USD	100		20,875
Par Pharmaceutical Inc., 7.50%, 04/01/27 (Call 04/01/22)(a)	USD	351		373,815
Parsley Energy LLC/Parsley Finance Corp.
4.13%, 02/15/28 (Call 02/15/23)(a)	USD	50		49,527
5.25%, 08/15/25 (Call 08/31/20)(a)	USD	55		56,193
5.38%, 01/15/25 (Call 08/31/20)(a)	USD	85		87,187
5.63%, 10/15/27 (Call 10/15/22)(a)	USD	65		68,088
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28 (Call 02/15/23)(a)	USD	110		88,187
7.25%, 06/15/25 (Call 08/31/20)	USD	75		67,875
9.25%, 05/15/25 (Call 05/15/22)(a)	USD	115		128,510
PDC Energy Inc.
5.75%, 05/15/26 (Call 05/15/21)	USD	75		75,072
6.13%, 09/15/24 (Call 08/31/20)	USD	50		50,607
Penske Automotive Group Inc.
5.50%, 05/15/26 (Call 05/15/21)	USD	60		62,700
5.75%, 10/01/22 (Call 08/31/20)	USD	75		75,679
Performance Food Group Inc., 5.50%, 10/15/27 (Call 10/15/22)(a)	USD	135		139,089
PetSmart Inc.
5.88%, 06/01/25 (Call 08/31/20)(a)	USD	142		145,832
7.13%, 03/15/23 (Call 08/31/20)(a)	USD	190		191,614
8.88%, 06/01/25 (Call 08/11/20)(a)	USD	80		82,924
PG&E Corp.
5.00%, 07/01/28 (Call 07/01/23)	USD	100		103,145
5.25%, 07/01/30 (Call 07/01/25)	USD	120		124,654
Photo Holdings Merger Sub Inc., 8.50%, 10/01/26 (Call 10/01/22)(a)	USD	100		92,854
Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 06/15/22)(a)	USD	45		47,925
Pilgrim’s Pride Corp.
5.75%, 03/15/25 (Call 08/31/20)(a)	USD	125		128,198
5.88%, 09/30/27 (Call 09/30/22)(a)	USD	80		84,445
Post Holdings Inc.
4.63%, 04/15/30 (Call 04/15/25)(a)	USD	180		189,450
5.00%, 08/15/26 (Call 08/15/21)(a)	USD	115		120,191
5.50%, 12/15/29 (Call 12/15/24)(a)(c)	USD	95		103,669
5.63%, 01/15/28 (Call 12/01/22)(a)(c)	USD	120		131,286
5.75%, 03/01/27 (Call 03/01/22)(a)	USD	165		175,725
Prestige Brands Inc.
5.13%, 01/15/28 (Call 01/15/23)(a)	USD	50		52,422
6.38%, 03/01/24 (Call 08/31/20)(a)	USD	75		77,813
Prime Security Services Borrower LLC/Prime Finance Inc.
5.25%, 04/15/24(a)	USD	95		101,802
5.75%, 04/15/26(a)	USD	145		160,950
6.25%, 01/15/28 (Call 01/15/23)(a)	USD	135		140,737
PTC Inc.
3.63%, 02/15/25 (Call 02/15/22)(a)	USD	65		67,390
4.00%, 02/15/28 (Call 02/15/23)(a)	USD	65		68,273
PulteGroup Inc.
5.00%, 01/15/27 (Call 10/15/26)	USD	75		85,646
5.50%, 03/01/26 (Call 12/01/25)	USD	40		46,112
QEP Resources Inc.
5.25%, 05/01/23 (Call 02/01/23)	USD	75		51,521
5.38%, 10/01/22 (Call 07/01/22)	USD	65		51,951

13

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
United States (continued)
5.63%, 03/01/26 (Call 12/01/25)	USD	65	$	37,538
Qorvo Inc.
4.38%, 10/15/29 (Call 10/15/24)(a)	USD	75		80,813
5.50%, 07/15/26 (Call 07/15/21)(c)	USD	115		123,193
Quicken Loans LLC
5.25%, 01/15/28 (Call 01/15/23)(a)	USD	125		134,912
5.75%, 05/01/25 (Call 08/31/20)(a)	USD	155		159,638
QVC Inc.
4.38%, 03/15/23	USD	70		72,825
4.45%, 02/15/25 (Call 11/15/24)	USD	75		76,997
4.75%, 02/15/27 (Call 11/15/26)	USD	70		71,984
4.85%, 04/01/24	USD	75		78,831
5.13%, 07/02/22(c)	USD	65		67,627
Qwest Corp., 6.75%, 12/01/21	USD	120		127,758
Rackspace Hosting Inc., 8.63%, 11/15/24 (Call 08/31/20)(a)	USD	150		156,924
Radian Group Inc.
4.50%, 10/01/24 (Call 07/01/24)	USD	50		50,250
4.88%, 03/15/27 (Call 09/15/26)	USD	25		24,224
6.63%, 03/15/25 (Call 09/15/24)	USD	95		101,237
Range Resources Corp.
4.88%, 05/15/25 (Call 02/15/25)	USD	95		79,563
5.00%, 08/15/22 (Call 05/15/22)	USD	40		38,152
5.00%, 03/15/23 (Call 12/15/22)(c)	USD	90		82,993
9.25%, 02/01/26 (Call 02/01/22)(a)	USD	70		67,550
Realogy Group LLC/Realogy Co-Issuer Corp.
4.88%, 06/01/23 (Call 03/01/23)(a)	USD	50		49,417
7.63%, 06/15/25 (Call 06/15/22)(a)	USD	15		15,720
9.38%, 04/01/27 (Call 04/01/22)(a)	USD	65		66,192
Refinitiv U.S. Holdings Inc.
4.50%, 05/15/26 (Call 11/15/21)(b)	EUR	100		123,848
6.25%, 05/15/26 (Call 11/15/21)(a)	USD	155		167,594
8.25%, 11/15/26 (Call 11/15/21)(a)	USD	200		220,750
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 12/01/21)(a)(c)	USD	180		199,836
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu
5.13%, 07/15/23 (Call 08/31/20)(a)	USD	200		203,060
7.00%, 07/15/24 (Call 08/31/20)(a)	USD	100		101,812
RHP Hotel Properties LP/RHP Finance Corp., 4.75%, 10/15/27 (Call 10/15/22)	USD	105		97,650
Rite Aid Corp.
7.50%, 07/01/25 (Call 07/01/22)(a)	USD	77		78,348
8.00%, 11/15/26 (Call 01/15/23)(a)	USD	114		117,409
Royal Caribbean Cruises Ltd., 9.13%, 06/15/23 (Call 03/15/23)(a)	USD	40		40,775
Sabre GLBL Inc.
5.25%, 11/15/23 (Call 08/31/20)(a)	USD	100		98,125
9.25%, 04/15/25 (Call 03/16/25)(a)	USD	90		99,112
Sally Holdings LLC/Sally Capital Inc., 5.63%, 12/01/25 (Call 12/01/20)	USD	50		51,313
SBA Communications Corp.
3.88%, 02/15/27 (Call 02/15/23)(a)	USD	125		129,375
4.00%, 10/01/22 (Call 08/31/20)	USD	95		96,282
4.88%, 09/01/24 (Call 08/31/20)	USD	140		143,545
Scientific Games International Inc.
3.38%, 02/15/26 (Call 02/15/21)(b)	EUR	100		108,953
5.00%, 10/15/25 (Call 10/15/20)(a)	USD	155		153,450
7.00%, 05/15/28 (Call 05/15/23)(a)	USD	85		78,390
7.25%, 11/15/29 (Call 11/15/24)(a)	USD	40		36,643

Security	Par (000)		Value
United States (continued)
8.25%, 03/15/26 (Call 03/15/22)(a)	USD	135	$	135,506
8.63%, 07/01/25 (Call 07/01/22)(a)	USD	60		60,265
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)(a)	USD	55		56,753
4.88%, 12/01/22 (Call 09/01/22)(a)	USD	55		57,716
5.13%, 12/01/24 (Call 09/01/24)(a)	USD	30		32,653
5.25%, 04/01/23 (Call 01/01/23)(a)	USD	50		53,219
5.50%, 09/15/25 (Call 06/15/25)(a)	USD	50		55,156
Select Medical Corp., 6.25%, 08/15/26 (Call 08/15/22)(a)	USD	155		167,012
Sensata Technologies Inc., 4.38%, 02/15/30 (Call 11/15/29)(a)	USD	55		58,662
Service Corp. International/U.S.
4.63%, 12/15/27 (Call 12/15/22)	USD	75		79,942
5.13%, 06/01/29 (Call 06/01/24)	USD	100		110,637
5.38%, 05/15/24 (Call 08/31/20)(c)	USD	105		107,231
Service Properties Trust, 7.50%, 09/15/25 (Call 06/15/25)	USD	40		42,238
SESI LLC
7.13%, 12/15/21 (Call 08/31/20)(a)	USD	80		32,000
7.75%, 09/15/24 (Call 09/15/20)	USD	65		22,425
Signature Aviation U.S. Holdings Inc.
4.00%, 03/01/28 (Call 03/01/23)(a)	USD	55		51,975
5.38%, 05/01/26 (Call 05/01/21)(a)	USD	65		67,083
Silgan Holdings Inc., 3.25%, 03/15/25 (Call 08/31/20)	EUR	100		119,513
Sinclair Television Group Inc.
5.13%, 02/15/27 (Call 08/15/21)(a)	USD	50		48,938
5.50%, 03/01/30 (Call 12/01/24)(a)	USD	40		39,988
5.63%, 08/01/24 (Call 08/17/20)(a)(c)	USD	70		70,791
Sirius XM Radio Inc.
4.13%, 07/01/30 (Call 07/01/25)(a)	USD	70		73,507
4.63%, 07/15/24 (Call 07/15/21)(a)	USD	190		199,211
5.00%, 08/01/27 (Call 08/01/22)(a)	USD	190		202,350
5.38%, 07/15/26 (Call 07/15/21)(a)	USD	125		132,187
5.50%, 07/01/29 (Call 07/01/24)(a)	USD	155		172,631
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 08/31/20)(a)	USD	125		119,609
5.50%, 04/15/27 (Call 04/15/22)(a)(c)	USD	65		61,296
Six Flags Theme Parks Inc., 7.00%, 07/01/25 (Call 07/01/22)(a)	USD	35		37,669
SM Energy Co., 10.00%, 01/15/25 (Call 06/17/22)(a)	USD	205		202,437
Solera LLC/Solera Finance Inc., 10.50%, 03/01/24 (Call 08/31/20)(a)(c)	USD	355		375,590
Southwestern Energy Co.
6.45%, 01/23/25 (Call 10/23/24)(c)	USD	115		106,183
7.50%, 04/01/26 (Call 04/01/21)(c)	USD	80		75,060
7.75%, 10/01/27 (Call 10/01/22)(c)	USD	40		37,562
Spectrum Brands Inc.
4.00%, 10/01/26 (Call 10/01/21)(b)	EUR	100		115,973
5.75%, 07/15/25 (Call 08/31/20)	USD	125		129,375
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)(c)	USD	75		58,500
7.50%, 04/15/25 (Call 04/15/22)(a)	USD	150		147,607
Sprint Communications Inc.
6.00%, 11/15/22	USD	260		280,372
11.50%, 11/15/21	USD	50		56,150
Sprint Corp.
7.13%, 06/15/24	USD	290		338,662
7.25%, 09/15/21	USD	235		248,023
7.63%, 02/15/25 (Call 11/15/24)	USD	190		231,006
7.63%, 03/01/26 (Call 11/01/25)	USD	165		206,453
7.88%, 09/15/23	USD	485		562,061

14

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)		Value
United States (continued)
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 03/30/22)(a)	USD	275	$	294,937
SSL Robotics LLC, 9.75%, 12/31/23 (Call 12/15/21)(a)	USD	125		139,256
Standard Industries Inc./NJ
2.25%, 11/21/26 (Call 08/21/26)(b)	EUR	100		114,312
4.38%, 07/15/30 (Call 07/15/25)(a)	USD	135		145,800
4.75%, 01/15/28 (Call 01/15/23)(a)	USD	125		133,017
5.00%, 02/15/27 (Call 02/15/22)(a)	USD	85		90,502
6.00%, 10/15/25 (Call 10/15/20)(a)	USD	125		130,182
Staples Inc.
7.50%, 04/15/26 (Call 04/15/22)(a)	USD	250		219,192
10.75%, 04/15/27 (Call 04/15/22)(a)	USD	100		63,687
Starwood Property Trust Inc.
4.75%, 03/15/25 (Call 09/15/24)	USD	65		62,500
5.00%, 12/15/21 (Call 09/15/21)	USD	90		90,562
Station Casinos LLC, 4.50%, 02/15/28 (Call 02/15/23)(a)	USD	125		111,875
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.50%, 06/01/24 (Call 08/31/20)	USD	75		76,234
Summit Materials LLC/Summit Materials Finance Corp.
5.25%, 01/15/29 (Call 07/15/23)(a)	USD	15		15,563
6.13%, 07/15/23 (Call 08/11/20)	USD	80		80,051
Sunoco LP/Sunoco Finance Corp.
4.88%, 01/15/23 (Call 08/31/20)	USD	125		127,031
5.50%, 02/15/26 (Call 02/15/21)	USD	100		102,445
5.88%, 03/15/28 (Call 03/15/23)	USD	50		52,116
6.00%, 04/15/27 (Call 04/15/22)	USD	75		79,125
Talen Energy Supply LLC
6.50%, 06/01/25 (Call 08/31/20)	USD	70		48,300
6.63%, 01/15/28 (Call 01/15/23)(a)	USD	60		60,216
7.25%, 05/15/27 (Call 05/15/22)(a)	USD	95		98,266
7.63%, 06/01/28 (Call 06/01/23)(a)	USD	15		15,675
10.50%, 01/15/26 (Call 01/15/22)(a)	USD	75		57,180
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
4.75%, 10/01/23 (Call 10/01/20)(a)	USD	65		62,725
5.50%, 09/15/24 (Call 08/31/20)(a)	USD	90		86,625
5.50%, 01/15/28 (Call 01/15/23)(a)	USD	95		84,498
6.00%, 03/01/27 (Call 03/01/23)(a)	USD	55		49,992
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.25%, 11/15/23 (Call 08/31/20)	USD	75		75,281
5.00%, 01/15/28 (Call 01/15/23)	USD	90		91,800
5.13%, 02/01/25 (Call 08/31/20)	USD	50		50,990
5.25%, 05/01/23 (Call 08/31/20)	USD	25		25,168
5.38%, 02/01/27 (Call 02/01/22)	USD	65		67,051
5.50%, 03/01/30 (Call 03/01/25)(a)	USD	100		105,480
5.88%, 04/15/26 (Call 04/15/21)	USD	125		131,562
6.50%, 07/15/27 (Call 07/15/22)	USD	95		101,599
6.75%, 03/15/24 (Call 08/31/20)	USD	75		76,778
6.88%, 01/15/29 (Call 01/15/24)	USD	50		55,453
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(a)	USD	25		27,313
5.75%, 01/15/28 (Call 10/15/27)(a)	USD	55		61,749
5.88%, 01/31/25 (Call 08/11/20)(a)	USD	11		11,269
5.88%, 06/15/27 (Call 03/15/27)(a)	USD	65		72,264
TEGNA Inc.
4.63%, 03/15/28 (Call 03/15/23)(a)	USD	100		98,833
5.00%, 09/15/29 (Call 09/15/24)(a)	USD	145		146,269
Teleflex Inc., 4.25%, 06/01/28 (Call 06/01/23)(a)	USD	110		117,837

Security	Par (000)		Value
United States (continued)
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25 (Call 08/11/20)(a)	USD	125	$	129,422
Tempur Sealy International Inc.
5.50%, 06/15/26 (Call 06/15/21)	USD	75		78,563
5.63%, 10/15/23 (Call 08/31/20)	USD	55		56,348
Tenet Healthcare Corp.
4.63%, 07/15/24 (Call 08/31/20)	USD	235		239,636
4.63%, 09/01/24 (Call 09/01/21)(a)	USD	75		77,076
4.63%, 06/15/28 (Call 06/15/23)(a)	USD	65		68,117
4.88%, 01/01/26 (Call 03/01/22)(a)	USD	265		277,307
5.13%, 05/01/25 (Call 08/31/20)	USD	175		180,245
5.13%, 11/01/27 (Call 11/01/22)(a)	USD	185		196,331
6.25%, 02/01/27 (Call 02/01/22)(a)	USD	185		196,204
6.75%, 06/15/23	USD	235		247,284
7.00%, 08/01/25 (Call 08/31/20)(c)	USD	60		61,950
7.50%, 04/01/25 (Call 04/01/22)(a)	USD	25		27,594
8.13%, 04/01/22	USD	300		322,125
TerraForm Power Operating LLC
4.25%, 01/31/23 (Call 10/31/22)(a)	USD	65		68,058
4.75%, 01/15/30 (Call 01/15/25)(a)	USD	85		92,386
5.00%, 01/31/28 (Call 07/31/27)(a)	USD	75		82,283
Terrier Media Buyer Inc., 8.88%, 12/15/27 (Call 12/15/22)(a)	USD	105		107,362
Tesla Inc., 5.30%, 08/15/25 (Call 08/31/20)(a)	USD	225		232,875
T-Mobile USA Inc.
4.00%, 04/15/22 (Call 03/16/22)	USD	65		67,515
4.50%, 02/01/26 (Call 02/01/21)	USD	225		231,989
4.75%, 02/01/28 (Call 02/01/23)	USD	190		205,884
5.13%, 04/15/25 (Call 08/11/20)	USD	65		66,670
5.38%, 04/15/27 (Call 04/15/22)	USD	65		70,492
6.00%, 04/15/24 (Call 08/10/20)	USD	125		127,975
6.38%, 03/01/25 (Call 08/11/20)	USD	215		220,291
6.50%, 01/15/26 (Call 01/15/21)	USD	100		105,455
Toll Brothers Finance Corp.
3.80%, 11/01/29 (Call 08/01/29)	USD	50		51,900
4.35%, 02/15/28 (Call 11/15/27)(c)	USD	50		54,035
4.38%, 04/15/23 (Call 01/15/23)	USD	25		26,176
4.88%, 03/15/27 (Call 12/15/26)	USD	55		61,423
5.88%, 02/15/22 (Call 11/15/21)	USD	50		52,295
TransDigm Inc.
5.50%, 11/15/27 (Call 11/15/22)	USD	335		317,814
6.25%, 03/15/26 (Call 03/15/22)(a)	USD	480		506,400
6.38%, 06/15/26 (Call 06/15/21)	USD	95		92,915
6.50%, 07/15/24 (Call 08/31/20)	USD	150		150,000
6.50%, 05/15/25 (Call 08/31/20)	USD	95		93,298
7.50%, 03/15/27 (Call 03/15/22)(c)	USD	75		76,163
8.00%, 12/15/25 (Call 04/08/22)(a)	USD	105		113,794
Transocean Guardian Ltd., 5.88%, 01/15/24 (Call 07/15/21)(a)	USD	78		68,250
Transocean Inc.
7.25%, 11/01/25 (Call 11/01/21)(a)	USD	75		36,750
8.00%, 02/01/27 (Call 02/01/23)(a)	USD	65		31,220
Transocean Pontus Ltd., 6.13%, 08/01/25 (Call 08/01/21)(a)	USD	63		58,868
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/01/22)(a)	USD	70		63,175
Transocean Proteus Ltd., 6.25%, 12/01/24 (Call 12/01/20)(a)	USD	49		45,703
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24	USD	50		54,063

15

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security	Par (000)			Value
United States (continued)
Triumph Group Inc.
6.25%, 09/15/24 (Call 09/15/20)(a)		USD	50	$	44,013
7.75%, 08/15/25 (Call 08/31/20)(c)		USD	67		43,110
Tronox Finance PLC, 5.75%, 10/01/25 (Call 10/01/20)(a)(c)		USD	55		54,572
Tronox Inc.
6.50%, 05/01/25 (Call 05/01/22)(a)		USD	60		63,774
6.50%, 04/15/26 (Call 04/15/21)(a)		USD	75		75,188
U.S. Foods Inc., 6.25%, 04/15/25 (Call 04/15/22)(a)		USD	135		144,703
U.S. Steel Corp.
6.25%, 03/15/26 (Call 03/15/21)(c)		USD	80		52,600
6.88%, 08/15/25 (Call 08/31/20)		USD	70		49,000
Uber Technologies Inc.
7.50%, 11/01/23 (Call 11/01/20)(a)		USD	65		67,641
7.50%, 05/15/25 (Call 05/15/22)(a)		USD	115		121,323
7.50%, 09/15/27 (Call 09/15/22)(a)		USD	150		157,000
8.00%, 11/01/26 (Call 11/01/21)(a)		USD	165		172,681
UGI International LLC, 3.25%, 11/01/25 (Call 11/01/21)(b)		EUR	100		117,939
United Airlines Holdings Inc., 4.25%, 10/01/22(c)		USD	50		44,625
United Rentals Inc., 3.88%, 02/15/31 (Call 08/15/25)		USD	25		25,000
United Rentals North America Inc.
3.88%, 11/15/27 (Call 11/15/22)		USD	93		97,492
4.00%, 07/15/30 (Call 07/15/25)(c)		USD	95		98,206
4.63%, 10/15/25 (Call 10/15/20)		USD	95		98,108
4.88%, 01/15/28 (Call 01/15/23)		USD	110		117,911
5.25%, 01/15/30 (Call 01/15/25)		USD	75		82,125
5.50%, 07/15/25 (Call 08/28/20)		USD	100		102,927
5.50%, 05/15/27 (Call 05/15/22)		USD	125		134,531
5.88%, 09/15/26 (Call 09/15/21)		USD	125		133,425
6.50%, 12/15/26 (Call 08/10/20)		USD	140		155,309
United States Steel Corp., 12.00%, 06/01/25 (Call 06/01/22)(a)		USD	120		124,200
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC
7.13%, 12/15/24 (Call 08/31/20)(a)		USD	75		71,188
7.88%, 02/15/25 (Call 02/15/22)(a)		USD	235		247,044
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
6.00%, 04/15/23 (Call 08/31/20)(a)		USD	70		70,350
8.25%, 10/15/23 (Call 08/31/20)		USD	140		135,457
Univision Communications Inc.
5.13%, 02/15/25 (Call 08/11/20)(a)		USD	185		179,450
6.63%, 06/01/27 (Call 06/01/23)(a)		USD	165		164,431
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26 (Call 04/01/21)		USD	90		92,250
6.88%, 09/01/27 (Call 09/01/22)		USD	70		70,910
Valaris PLC, 7.75%, 02/01/26 (Call 11/01/25)(e)		USD	41		2,255
Valvoline Inc., 4.25%, 02/15/30 (Call 02/15/25)(a)		USD	85		89,415
Vector Group Ltd.
6.13%, 02/01/25 (Call 08/31/20)(a)		USD	105		104,344
10.50%, 11/01/26 (Call 11/01/21)(a)		USD	70		71,750
Vericast Corp.
8.38%, 08/15/22 (Call 08/31/20)(a)		USD	100		80,545
9.25%, 03/01/21 (Call 08/31/20)(a)		USD	52		52,073
Vericast Corp./Harland Clarke/Checks in the Mail/Valassis Comm/Valassis Direct, 12.50%, 05/01/24 (Call 08/31/20)(a)(c)		USD	73		75,007
VeriSign Inc.
4.63%, 05/01/23 (Call 08/31/20)		USD	100		101,329
4.75%, 07/15/27 (Call 07/15/22)		USD	70		75,877
5.25%, 04/01/25 (Call 01/01/25)		USD	65		74,100

Security	Par (000)			Value
United States (continued)
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 08/15/21)(a)		USD	140	$	154,671
ViacomCBS Inc.
5.88%, 02/28/57 (Call 02/28/22)(d)		USD	80		83,354
6.25%, 02/28/57 (Call 02/28/27)(c)(d)		USD	80		88,330
ViaSat Inc.
5.63%, 09/15/25 (Call 09/15/20)(a)		USD	90		90,475
5.63%, 04/15/27 (Call 04/15/22)(a)		USD	75		79,062
6.50%, 07/15/28 (Call 07/15/23)(a)		USD	30		30,816
VICI Properties LP/VICI Note Co. Inc.
3.50%, 02/15/25 (Call 02/15/22)(a)		USD	50		50,756
3.75%, 02/15/27 (Call 02/15/23)(a)		USD	95		95,430
4.13%, 08/15/30 (Call 02/15/25)(a)		USD	125		126,187
4.25%, 12/01/26 (Call 12/01/22)(a)		USD	125		128,750
4.63%, 12/01/29 (Call 12/01/24)(a)		USD	125		130,316
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 09/15/22)(a)		USD	105		68,679
13.00%, 05/15/25 (Call 05/15/22)(a)		USD	65		70,545
Vistra Operations Co. LLC
5.00%, 07/31/27 (Call 07/31/22)(a)		USD	155		165,075
5.50%, 09/01/26 (Call 09/01/21)(a)		USD	150		157,899
5.63%, 02/15/27 (Call 02/15/22)(a)		USD	165		177,169
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/23)(a)		USD	85		69,275
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 06/15/22)(a)		USD	80		87,400
7.25%, 06/15/28 (Call 06/15/23)(a)		USD	155		169,337
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25)(c)		USD	240		260,729
Western Midstream Operating LP
4.10%, 02/01/25 (Call 01/01/25)		USD	50		49,586
4.50%, 03/01/28 (Call 12/01/27)		USD	50		50,047
5.05%, 02/01/30 (Call 11/01/29)		USD	125		126,650
Whiting Petroleum Corp.
5.75%, 03/15/21 (Call 12/15/20)(e)		USD	50		8,500
6.25%, 04/01/23 (Call 01/01/23)(e)		USD	50		9,000
6.63%, 01/15/26 (Call 10/15/25)(e)		USD	50		8,625
William Carter Co. (The)
5.50%, 05/15/25 (Call 05/15/22)(a)		USD	90		95,697
5.63%, 03/15/27 (Call 03/15/22)(a)		USD	50		53,265
WMG Acquisition Corp., 2.75%, 07/15/28 (Call 07/15/23)(b)		EUR	100		120,756
Wolverine Escrow LLC
8.50%, 11/15/24 (Call 11/15/21)(a)		USD	75		54,354
9.00%, 11/15/26 (Call 11/15/22)(a)		USD	115		82,759
13.13%, 11/15/27 (Call 11/15/22)(a)		USD	40		26,800
WPX Energy Inc.
4.50%, 01/15/30 (Call 01/15/25)		USD	100		93,354
5.25%, 09/15/24 (Call 06/15/24)		USD	80		82,522
5.25%, 10/15/27 (Call 10/15/22)		USD	90		88,875
5.75%, 06/01/26 (Call 06/01/21)		USD	65		66,234
5.88%, 06/15/28 (Call 06/15/23)		USD	12		12,197
WR Grace & Co.-Conn, 4.88%, 06/15/27 (Call 06/15/23)(a)		USD	95		101,175
Wyndham Destinations Inc.
3.90%, 03/01/23 (Call 12/01/22)		USD	38		36,947
4.25%, 03/01/22 (Call 12/01/21)		USD	81		80,722
5.75%, 04/01/27 (Call 01/01/27)		USD	50		49,552
6.63%, 07/31/26 (Call 04/30/26)(a)		USD	35		36,195
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)(a)		USD	65		60,820
5.25%, 05/15/27 (Call 02/15/27)(a)		USD	115		102,701

16

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF (Percentages shown are based on Net Assets)

Security		Par/ Shares (000)			Value
United States (continued)
5.50%, 03/01/25 (Call 12/01/24)(a)	USD		225		$	211,500
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
5.13%, 10/01/29 (Call 07/01/29)(a)	USD		100			96,051
7.75%, 04/15/25 (Call 04/15/22)(a)	USD		100			105,040
Xerox Corp., 4.13%, 03/15/23 (Call 02/15/23)	USD		175			179,643
XPO Logistics Inc.
6.13%, 09/01/23 (Call 08/31/20)(a)	USD		65			66,294
6.25%, 05/01/25 (Call 05/01/22)(a)	USD		125			135,312
6.50%, 06/15/22 (Call 08/31/20)(a)	USD		150			150,385
6.75%, 08/15/24 (Call 08/15/21)(a)	USD		125			134,492
Yum! Brands Inc.
4.75%, 01/15/30 (Call 10/15/29)(a)	USD		75			81,375
7.75%, 04/01/25 (Call 04/01/22)(a)	USD		60			67,012
Zayo Group Holdings Inc.
4.00%, 03/01/27 (Call 03/01/21)(a)	USD		205			205,215
6.13%, 03/01/28 (Call 03/01/23)(a)	USD		90			92,925
						106,541,658
Total Corporate Bonds & Notes — 97.2% (Cost: $155,398,067)						155,464,476
Common Stocks
United States — 0.0%
AMC Entertainment Inc.			1			0	(g)
Total Common Stocks — 0.0% (Cost: $0)						0	(g)
Warrants
United States — 0.0%
Sable Permian Resources Land LLC, (Expires 10/16/24)(j)			0	(f)		—
SM Energy Co., (Expires 6/30/23)(k)			5			14,465
						14,465
Total Warrants — 0.0% (Cost: $21,107)						14,465

Security	Shares (000)		Value
Short-Term Investments
Money Market Funds — 7.5%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.40%(l)(m)(n)		10,010	$	10,021,115
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.12%(l)(m)		1,930		1,930,000
				11,951,115
Total Short-Term Investments — 7.5% (Cost: $11,944,072)				11,951,115
Total Investments in Securities — 104.7% (Cost: $167,363,246)				167,430,056
Other Assets, Less Liabilities — (4.7)%				(7,439,954	)
Net Assets — 100.0%			$	159,990,102

^(a)  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.

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

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

^(d)  Security is issued at a fixed coupon rate, which converts to a variable rate at a specified date.

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

^(f)  Rounds to less than 1,000.

^(g)  Rounds to less than $1.

^(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⁾  Perpetual security with no stated maturity date.

^(j)  Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.

^(k)  Non-income producing security.

^(l)  Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2020, for purposes of Section 2(a)(3) of the Investment CompanyAct of 1940, as amended, were as follows:

Affiliated Issuer	Value at 10/31/19		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)			Value at 07/31/20		Shares Held at 07/31/20 (000)		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	20,908,212	$	—	$	(10,888,094	)(a)	$	3,830	$	(2,833	)	$	10,021,115		10,010	$	74,141	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		2,846,000		—		(916,000	)(a)		—		—			1,930,000		1,930		7,048			—
								$	3,830	$	(2,833	)	$	11,951,115			$	81,189		$	—

^(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.

17

Schedule of Investments  (unaudited) (continued) July 31, 2020 iShares^® US & Intl High Yield Corp Bond ETF

Fair Value Measurements

Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.

The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of July 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.

	Level 1			Level 2		Level 3		Total
Investments
Assets
Corporate Bonds & Notes	$	—		$	155,464,476	$	—	$	155,464,476
Common Stocks		0	(a)		—		—		0	(a)
Warrants		—			14,465		—		14,465
Money Market Funds		11,951,115			—		—		11,951,115
	$	11,951,115		$	155,478,941	$	—	$	167,430,056

^(a) Rounds to less than $1.

Currency Abbreviations
CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

18