Schedule of Investments (unaudited)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security	Par (000)			Value
Corporate Bonds & Notes
Australia — 0.2%
FMG Resources August 2006 Pty Ltd.
4.50%, 09/15/27 (Call 06/15/27)(a)	USD	100	$	110,018
4.75%, 05/15/22 (Call 02/15/22)(a)	USD	50		51,425
5.13%, 03/15/23 (Call 12/15/22)(a)	USD	65		68,372
5.13%, 05/15/24 (Call 02/15/24)(a)	USD	125		135,906
				365,721
Austria — 0.2%
ams AG, 6.00%, 07/31/25 (Call 07/31/22)(b)	EUR	100		130,452
Novomatic AG, 1.63%, 09/20/23	EUR	100		116,521
Wienerberger AG, 2.00%, 05/02/24(b)	EUR	50		63,341
				310,314
Belgium — 0.2%
Telenet Finance Luxembourg Note Sarl, 5.50%, 03/01/28 (Call 12/01/22)(a)	USD	200		212,317
Telenet Finance Luxembourg Notes Sarl, 3.50%, 03/01/28 (Call 12/01/22)(b)	EUR	100		125,978
				338,295
Brazil — 0.4%
JBS Investments II GmbH, 7.00%, 01/15/26 (Call 01/15/22)(a)(c)	USD	200		214,500
JBS USA LUX SA/JBS USA Finance Inc., 6.75%, 02/15/28 (Call 02/15/23)(a)	USD	125		138,354
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc.
5.50%, 01/15/30 (Call 01/15/25)(a)	USD	160		181,744
6.50%, 04/15/29 (Call 04/15/24)(a)	USD	155		176,409
				711,007
Canada — 2.8%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 02/15/24)(a)	USD	60		59,764
3.88%, 01/15/28 (Call 09/15/22)(a)(c)	USD	70		71,158
4.00%, 10/15/30 (Call 10/15/25)(a)	USD	350		347,375
4.25%, 05/15/24 (Call 03/01/21)(a)	USD	98		99,723
4.38%, 01/15/28 (Call 11/15/22)(a)	USD	95		96,932
5.75%, 04/15/25 (Call 04/15/22)(a)(c)	USD	15		16,013
Bausch Health Companies Inc.
5.00%, 02/15/29 (Call 02/15/24)(a)	USD	85		86,909
5.25%, 02/15/31 (Call 02/15/26)(a)	USD	105		108,187
Bombardier Inc.
5.75%, 03/15/22(a)	USD	65		66,706
6.00%, 10/15/22 (Call 03/01/21)(a)	USD	175		173,687
6.13%, 01/15/23(a)	USD	155		155,806
7.50%, 12/01/24 (Call 03/01/21)(a)	USD	125		120,008
7.50%, 03/15/25 (Call 03/01/21)(a)	USD	160		149,192
7.88%, 04/15/27 (Call 04/15/22)(a)(c)	USD	220		203,434
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp.
4.88%, 02/15/30 (Call 02/15/25)(a)	USD	50		51,313
6.13%, 05/15/23 (Call 03/01/21)(a)	CAD	35		27,681
6.25%, 09/15/27 (Call 09/15/22)(a)(c)	USD	82		86,794
CES Energy Solutions Corp., 6.38%, 10/21/24 (Call 03/01/21)	CAD	40		31,169
Crew Energy Inc., 6.50%, 03/14/24 (Call 03/01/21)(a)	CAD	40		25,246
Garda World Security Corp.
4.63%, 02/15/27 (Call 02/15/23)(a)	USD	100		101,145
9.50%, 11/01/27 (Call 11/01/22)(a)	USD	75		82,549

Security		Par (000)		Value
Canada (continued)
GFL Environmental Inc.
3.50%, 09/01/28 (Call 03/01/28)(a)	USD	100	$	98,532
3.75%, 08/01/25 (Call 08/01/22)(a)	USD	85		86,846
4.00%, 08/01/28 (Call 08/01/23)(a)(c)	USD	20		19,800
4.25%, 06/01/25 (Call 06/01/22)(a)	USD	15		15,488
5.13%, 12/15/26 (Call 12/15/22)(a)	USD	80		84,712
Kronos Acquisition Holdings Inc. / KIK Custom Products Inc.
5.00%, 12/31/26 (Call 06/30/23)(a)	USD	10		10,186
7.00%, 12/31/27 (Call 12/31/23)(a)	USD	70		71,435
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)(a)	USD	70		72,887
5.25%, 12/15/27 (Call 12/15/22)(a)	USD	65		68,601
MEG Energy Corp.
5.88%, 02/01/29 (Call 02/01/24)(a)	USD	25		24,813
6.50%, 01/15/25 (Call 03/01/21)(a)	USD	58		59,746
7.00%, 03/31/24 (Call 02/18/21)(a)	USD	75		76,027
7.13%, 02/01/27 (Call 02/01/23)(a)	USD	150		154,875
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)	USD	50		51,781
5.25%, 12/15/29 (Call 09/15/29)	USD	100		104,375
NOVA Chemicals Corp.
4.88%, 06/01/24 (Call 03/03/24)(a)	USD	155		159,352
5.00%, 05/01/25 (Call 01/31/25)(a)	USD	65		67,268
5.25%, 08/01/23 (Call 03/01/21)(a)	USD	65		65,395
5.25%, 06/01/27 (Call 03/03/27)(a)	USD	130		135,200
NuVista Energy Ltd., 6.50%, 03/02/23 (Call 02/08/21)	CAD	30		19,228
Open Text Corp.
3.88%, 02/15/28 (Call 02/15/23)(a)	USD	115		117,875
5.88%, 06/01/26 (Call 06/01/21)(a)	USD	100		103,980
Open Text Holdings Inc., 4.13%, 02/15/30 (Call 02/15/25)(a)	USD	90		94,500
Parkland Corp.
5.63%, 05/09/25 (Call 03/01/21)	CAD	100		81,175
5.75%, 09/16/24 (Call 03/01/21)(a)	CAD	25		20,141
5.75%, 09/16/24 (Call 03/01/21)	CAD	25		20,141
5.88%, 07/15/27 (Call 07/15/22)(a)	USD	65		69,550
6.00%, 04/01/26 (Call 04/01/21)(a)	USD	65		68,165
Quebecor Media Inc.
5.75%, 01/15/23	USD	130		139,984
6.63%, 01/15/23(a)	CAD	75		63,823
Seven Generations Energy Ltd., 5.38%, 09/30/25 (Call 03/01/21)(a)	USD	90		91,601
Stars Group Holdings BV/Stars Group US
Co-Borrower LLC, 7.00%, 07/15/26 (Call 07/15/21)(a)(c)	USD	175		184,259
Superior Plus LP
5.13%, 08/27/25 (Call 03/01/21)	CAD	50		40,657
5.25%, 02/27/24 (Call 03/01/21)	CAD	50		40,229
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 04/15/21)(a)	USD	80		81,600
Videotron Ltd.
4.50%, 01/15/30 (Call 10/15/24)	CAD	110		93,052
5.00%, 07/15/22	USD	100		104,650
5.13%, 04/15/27 (Call 04/15/22)(a)	USD	75		79,256
5.38%, 06/15/24 (Call 03/15/24)(a)	USD	75		82,385
5.63%, 06/15/25 (Call 03/15/25)	CAD	50		44,017
5.75%, 01/15/26 (Call 02/12/21)(b)	CAD	50		40,318
				5,268,696

1

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Cayman Islands — 0.1%
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 06/15/22)(b)	EUR	150	$	187,611
Denmark — 0.1%
DKT Finance ApS, 7.00%, 06/17/23 (Call 03/01/21)(b)	EUR	100		124,619
TDC AS, 6.88%, 02/23/23(b)	GBP	100		149,428
				274,047
Finland — 0.5%
Nokia OYJ
2.00%, 03/11/26 (Call 12/11/25)(b)	EUR	200		254,450
2.38%, 05/15/25 (Call 02/15/25)(b)	EUR	100		129,251
3.38%, 06/12/22	USD	65		67,094
4.38%, 06/12/27	USD	65		71,505
Teollisuuden Voima OYJ
1.13%, 03/09/26 (Call 12/09/25)(b)	EUR	200		228,736
2.00%, 05/08/24 (Call 02/08/24)(b)	EUR	100		122,603
				873,639
France — 3.7%
Accor SA
1.75%, 02/04/26 (Call 11/04/25)(b)	EUR	100		125,926
3.63%, 09/17/23(b)	EUR	100		128,040
Altice France SA/France
2.13%, 02/15/25 (Call 02/15/22)(b)	EUR	100		118,350
3.38%, 01/15/28 (Call 09/15/22)(b)	EUR	100		120,356
4.13%, 01/15/29 (Call 09/15/23)(b)	EUR	100		123,471
5.50%, 01/15/28 (Call 09/15/22)(a)	USD	200		208,334
5.88%, 02/01/27 (Call 02/01/22)(b)	EUR	200		260,176
7.38%, 05/01/26 (Call 05/01/21)(a)	USD	200		209,602
8.13%, 02/01/27 (Call 02/01/22)(a)(c)	USD	200		220,290
Banijay Group SAS, 6.50%, 03/01/26 (Call 09/01/22)(b)	EUR	100		118,944
Burger King France SAS, 6.00%, 05/01/24 (Call 02/08/21)(b)	EUR	100		122,401
Casino Guichard Perrachon SA
3.58%, 02/07/25 (Call 11/07/24)(b)	EUR	100		109,503
4.50%, 03/07/24 (Call 12/07/23)(b)	EUR	100		117,896
4.56%, 01/25/23(b)	EUR	100		126,878
CMA CGM SA
5.25%, 01/15/25 (Call 02/08/21)(b)	EUR	100		121,203
6.50%, 07/15/22 (Call 02/08/21)(b)	EUR	100		123,006
7.50%, 01/15/26 (Call 01/15/23)(b)	EUR	100		129,477
Electricite de France SA, 5.63%, (Call 01/22/24)(a)(d)(e)	USD	150		160,260
Elis SA
1.00%, 04/03/25 (Call 01/03/25)(b)	EUR	100		117,929
1.63%, 04/03/28 (Call 01/03/28)(b)	EUR	100		118,439
1.88%, 02/15/23 (Call 11/15/22)(b)	EUR	100		123,065
Faurecia SE
2.38%, 06/15/27 (Call 06/15/23)(b)	EUR	100		122,307
2.63%, 06/15/25 (Call 06/15/21)(b)	EUR	100		123,018
3.13%, 06/15/26 (Call 06/15/22)(b)	EUR	100		124,546
3.75%, 06/15/28 (Call 06/15/23)(b)	EUR	100		127,474
Fnac Darty SA, 2.63%, 05/30/26 (Call 05/30/22)(b)	EUR	100		124,817
Getlink SE, 3.50%, 10/30/25 (Call 10/30/22)(b)	EUR	100		125,366
La Financiere Atalian SASU, 4.00%, 05/15/24
(Call 02/08/21)(b)	EUR	100		114,097
Loxam SAS
2.88%, 04/15/26 (Call 04/15/22)(b)	EUR	125		149,016
3.25%, 01/14/25 (Call 07/15/21)(b)	EUR	125		150,395
3.75%, 07/15/26 (Call 07/15/22)(b)	EUR	100		122,424
Mobilux Finance SAS, 5.50%, 11/15/24 (Call 02/08/21)(b)	EUR	100		122,626

Security		Par (000)		Value
France (continued)
Orano SA
3.13%, 03/20/23 (Call 12/20/22)(b)	EUR	100	$	126,854
3.38%, 04/23/26 (Call 01/23/26)(b)	EUR	100		131,595
4.88%, 09/23/24	EUR	100		138,896
Paprec Holding SA, 4.00%, 03/31/25 (Call 03/31/21)(b)	EUR	100		122,106
Quatrim SASU, 5.88%, 01/15/24 (Call 11/15/21)(b)	EUR	100		126,262
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(b)(e)	EUR	100		122,716
Renault SA
1.00%, 03/08/23 (Call 12/08/22)(b)	EUR	100		121,298
1.00%, 11/28/25 (Call 08/28/25)(b)	EUR	100		118,430
1.13%, 10/04/27 (Call 07/04/27)(b)	EUR	100		114,788
1.25%, 06/24/25 (Call 03/24/25)(b)	EUR	100		119,772
2.00%, 09/28/26 (Call 06/28/26)(b)	EUR	100		121,588
2.38%, 05/25/26 (Call 02/25/26)(b)	EUR	100		123,117
Rexel SA, 2.75%, 06/15/26 (Call 03/15/22)(b)	EUR	125		154,762
SPCM SA, 2.63%, 02/01/29 (Call 09/15/23)(b)	EUR	100		124,949
SPIE SA
2.63%, 06/18/26 (Call 12/18/25)(b)	EUR	100		125,346
3.13%, 03/22/24 (Call 09/22/23)(b)	EUR	100		127,601
Tereos Finance Groupe I SA, 4.13%, 06/16/23
(Call 03/16/23)(b)	EUR	100		118,980
Valeo SA
1.63%, 03/18/26 (Call 12/18/25)(b)	EUR	100		125,898
3.25%, 01/22/24(b)	EUR	100		131,578
Vallourec SA
2.25%, 09/30/24(b)	EUR	100		96,281
6.63%, 10/15/22 (Call 02/08/21)(b)	EUR	100		96,585
				6,999,034
Germany — 4.5%
ADLER Group SA
1.88%, 01/14/26 (Call 10/14/25)(b)	EUR	100		118,280
2.75%, 11/13/26 (Call 08/13/26)(b)	EUR	100		122,017
3.25%, 08/05/25 (Call 05/05/25)(b)	EUR	100		125,744
Adler Pelzer Holding GmbH, 4.13%, 04/01/24
(Call 02/08/21)(b)	EUR	100		112,856
ADLER Real Estate AG
1.50%, 04/17/22 (Call 03/17/22)(b)	EUR	100		121,674
3.00%, 04/27/26 (Call 02/27/26)(b)	EUR	100		125,418
Bertelsmann SE & Co. KGaA, 3.50%, 04/23/75
(Call 04/23/27)(b)(e)	EUR	100		130,835
CBR Fashion Finance BV, 5.13%, 10/01/22
(Call 02/08/21)(b)	EUR	100		116,854
CeramTec BondCo GmbH, 5.25%, 12/15/25
(Call 03/01/21)(b)	EUR	100		123,689
Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28
(Call 01/15/24)(b)	EUR	100		124,089
Commerzbank AG
4.00%, 03/30/27(b)	EUR	130		177,445
4.00%, 12/05/30 (Call 09/05/25)(b)(e)	EUR	200		264,620
8.13%, 09/19/23(a)	USD	200		232,159
Consus Real Estate AG, 9.63%, 05/15/24
(Call 05/15/21)(b)	EUR	100		129,508
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24 (Call 07/15/24)(b)	EUR	100		117,620
Deutsche Bank AG
2.75%, 02/17/25(b)	EUR	125		158,476
4.30%, 05/24/28 (Call 05/24/23)(e)	USD	200		205,370
4.50%, 05/19/26(b)	EUR	100		137,071
5.63%, 05/19/31 (Call 02/19/26)(b)(e)	EUR	200		280,115

2

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Germany (continued)
Deutsche Bank AG/New York NY, 4.88%, 12/01/32 (Call 12/01/27)(e)	USD	200	$	213,796
Deutsche Lufthansa AG
3.00%, 05/29/26 (Call 02/28/26)(b)	EUR	100		118,038
5.13%, 08/12/75 (Call 02/12/26)(b)(e)	EUR	100		107,065
Douglas GmbH, 6.25%, 07/15/22 (Call 02/08/21)(b)	EUR	100		118,950
HT Troplast GmbH, 9.25%, 07/15/25 (Call 07/15/22)(b)	EUR	100		134,141
K+S AG
2.63%, 04/06/23 (Call 01/06/23)(b)	EUR	100		120,649
3.25%, 07/18/24 (Call 04/18/24)(b)	EUR	100		121,073
KME SE, 6.75%, 02/01/23 (Call 03/01/21)(b)	EUR	100		108,202
LANXESS AG, 4.50%, 12/06/76 (Call 06/06/23)(b)(e)	EUR	100		129,285
Mercer International Inc., 5.13%, 02/01/29 (Call 02/01/24)(a)	USD	66		67,114
METRO AG, 1.50%, 03/19/25(b)	EUR	100		125,785
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 03/01/21)(b)	EUR	100		122,071
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 02/08/21)(b)	EUR	200		243,363
Peach Property Finance GmbH, 3.50%, 02/15/23 (Call 11/15/22)(b)	EUR	100		123,600
Platin 1426 GmbH, 5.38%, 06/15/23 (Call 02/08/21)(b)	EUR	100		121,566
ProGroup AG, 3.00%, 03/31/26 (Call 03/31/21)(b)	EUR	100		122,631
RWE AG, 3.50%, 04/21/75 (Call 04/21/25)(b)(e)	EUR	50		65,421
Schaeffler AG
1.88%, 03/26/24 (Call 12/26/23)(b)	EUR	100		125,400
2.75%, 10/12/25 (Call 07/12/25)(b)	EUR	100		128,587
2.88%, 03/26/27 (Call 12/26/26)(b)	EUR	100		129,110
3.38%, 10/12/28 (Call 07/12/28)(b)	EUR	100		133,261
Summit Properties Ltd., 2.00%, 01/31/25 (Call 02/08/21)(b)	EUR	100		119,148
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26 (Call 07/30/21)(b)	EUR	100		125,894
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25 (Call 01/15/22)(b)	EUR	100		119,691
Tele Columbus AG, 3.88%, 05/02/25 (Call 05/02/21)(b)	EUR	100		122,206
thyssenkrupp AG
1.38%, 03/03/22 (Call 12/03/21)(b)	EUR	125		151,553
1.88%, 03/06/23 (Call 02/06/23)(b)	EUR	175		211,896
2.50%, 02/25/25(b)	EUR	100		122,162
2.88%, 02/22/24 (Call 11/22/23)(b)	EUR	150		183,587
Vertical Holdco GmbH, 6.63%, 07/15/28 (Call 07/15/23)(b)	EUR	100		129,242
Vertical Midco GmbH, 4.38%, 07/15/27 (Call 07/15/23)(b)	EUR	100		127,006
Vertical U.S. Newco Inc., 5.25%, 07/15/27
(Call 07/15/23)(a)	USD	200		209,322
WEPA Hygieneprodukte GmbH, 2.88%, 12/15/27
(Call 12/15/22)(b)	EUR	100		123,287
ZF Europe Finance BV
2.00%, 02/23/26 (Call 12/23/25)(b)	EUR	300		357,576
3.00%, 10/23/29 (Call 07/23/29)(b)	EUR	100		122,613
ZF Finance GmbH
2.75%, 05/25/27 (Call 02/25/27)(b)	EUR	100		121,927
3.75%, 09/21/28 (Call 06/21/28)(b)	EUR	100		128,925
ZF North America Capital Inc.
2.75%, 04/27/23(b)	EUR	100		124,879
4.75%, 04/29/25(a)	USD	150		161,982
				8,365,844
Greece — 0.4%
Alpha Bank AE, 4.25%, 02/13/30 (Call 02/13/25)(b)(e)	EUR	100		111,376
Ellaktor Value PLC, 6.38%, 12/15/24 (Call 12/15/21)(b)	EUR	100		112,477

Security		Par (000)		Value
Greece (continued)
Intralot Capital Luxembourg SA, 5.25%, 09/15/24 (Call 02/08/21)(b)	EUR	100	$	52,711
National Bank of Greece SA, 2.75%, 10/08/26 (Call 10/08/25)(b)(e)	EUR	150		185,402
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc., 7.38%, 01/15/22 (Call 03/02/21)(a)	USD	75		42,619
Piraeus Financial Holdings SA, 9.75%, 06/26/29 (Call 06/26/24)(b)(e)	EUR	100		110,252
Titan Global Finance PLC, 2.38%, 11/16/24 (Call 05/16/24)(b)	EUR	100		124,551
				739,388
Ireland — 0.6%
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24)(c)(e)	USD	150		152,578
AIB Group PLC, 1.88%, 11/19/29 (Call 11/19/24)(b)(e)	EUR	100		123,164
Bank of Ireland Group PLC, 3.13%, 09/19/27 (Call 09/19/22)(b)(e)	GBP	100		139,534
eircom Finance DAC, 3.50%, 05/15/26 (Call 05/15/22)(b)	EUR	225		279,768
Smurfit Kappa Acquisitions ULC
2.38%, 02/01/24 (Call 11/01/23)(b)	EUR	100		127,959
2.88%, 01/15/26 (Call 10/15/25)(b)	EUR	100		133,195
Smurfit Kappa Treasury ULC, 1.50%, 09/15/27 (Call 06/15/27)(b)	EUR	150		189,212
				1,145,410
Israel — 1.3%
Leviathan Bond Ltd.
5.75%, 06/30/23 (Call 03/30/23)(a)	USD	75		79,909
6.13%, 06/30/25 (Call 03/30/25)(a)	USD	45		49,836
6.50%, 06/30/27 (Call 12/30/26)(a)	USD	55		62,311
6.75%, 06/30/30 (Call 12/30/29)(a)	USD	90		102,330
Teva Pharmaceutical Finance Netherlands II BV
1.13%, 10/15/24(b)	EUR	200		228,963
1.25%, 03/31/23 (Call 12/31/22)(b)	EUR	100		118,290
1.63%, 10/15/28(b)	EUR	100		109,222
1.88%, 03/31/27 (Call 12/31/26)(b)	EUR	100		112,414
3.25%, 04/15/22 (Call 01/15/22)	EUR	100		123,481
4.50%, 03/01/25 (Call 12/01/24)	EUR	100		127,199
6.00%, 01/31/25 (Call 10/31/24)	EUR	100		133,092
Teva Pharmaceutical Finance Netherlands III BV
2.80%, 07/21/23	USD	250		247,750
3.15%, 10/01/26	USD	400		382,000
6.00%, 04/15/24 (Call 01/15/24)	USD	200		210,636
6.75%, 03/01/28 (Call 12/01/27)	USD	200		224,223
7.13%, 01/31/25 (Call 10/31/24)	USD	200		220,500
				2,532,156
Italy — 5.5%
Atlantia SpA
1.63%, 02/03/25(b)	EUR	100		120,422
1.88%, 07/13/27 (Call 04/13/27)(b)	EUR	100		120,042
Autostrade per l'Italia SpA
1.13%, 11/04/21(b)	EUR	100		120,679
1.75%, 06/26/26(b)	EUR	100		120,788
1.75%, 02/01/27(b)	EUR	100		120,916
1.88%, 09/26/29 (Call 06/26/29)(b)	EUR	100		120,156
2.00%, 12/04/28 (Call 09/04/28)(b)	EUR	100		121,240
2.00%, 01/15/30 (Call 10/15/29)(b)	EUR	200		239,122
Banca IFIS SpA, 4.50%, 10/17/27 (Call 10/17/22)(b)(e)	EUR	100		115,436
Banca Monte dei Paschi di Siena SpA
1.88%, 01/09/26(b)	EUR	150		183,866
2.63%, 04/28/25(b)	EUR	125		157,133

3

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Italy (continued)
3.63%, 09/24/24(b)	EUR	100	$	129,213
5.38%, 01/18/28 (Call 01/18/23)(b)(e)	EUR	100		104,999
10.50%, 07/23/29(b)	EUR	100		152,470
Banca Popolare di Sondrio SCPA, 2.38%, 04/03/24(b)	EUR	100		126,161
Banco BPM SpA
1.75%, 01/28/25(b)	EUR	200		249,343
2.00%, 03/08/22(b)	EUR	100		123,551
2.50%, 06/21/24(b)	EUR	100		127,849
4.38%, 09/21/27 (Call 09/21/22)(b)(e)	EUR	100		124,615
BPER Banca, 5.13%, 05/31/27 (Call 05/31/22)(b)(e)	EUR	100		125,976
Centurion Bidco SpA, 5.88%, 09/30/26 (Call 09/30/22)(b)	EUR	100		125,381
Esselunga SpA, 0.88%, 10/25/23 (Call 07/25/23)(b)	EUR	100		123,087
Iccrea Banca SpA, 1.50%, 10/11/22(b)	EUR	150		183,506
Infrastrutture Wireless Italiane SpA
1.63%, 10/21/28 (Call 07/21/28)(b)	EUR	100		124,504
1.88%, 07/08/26 (Call 04/08/26)(b)	EUR	100		127,094
International Game Technology PLC, 4.75%, 02/15/23 (Call 08/15/22)(b)	EUR	100		125,612
Intesa Sanpaolo SpA
2.86%, 04/23/25(b)	EUR	100		127,307
3.93%, 09/15/26(b)	EUR	100		135,829
5.02%, 06/26/24(a)(c)	USD	400		435,328
5.15%, 06/10/30(b)	GBP	100		159,680
6.63%, 09/13/23(b)	EUR	100		137,875
Leonardo SpA, 1.50%, 06/07/24 (Call 03/07/24)(b)	EUR	100		123,012
Mediobanca Banca di Credito Finanziario SpA, 5.75%, 04/18/23	EUR	100		134,077
Nexi SpA, 1.75%, 10/31/24(b)	EUR	150		185,352
Rekeep SpA, 7.25%, 02/01/26 (Call 02/01/23)(b)	EUR	100		123,997
Rossini Sarl, 6.75%, 10/30/25 (Call 10/30/21)(b)	EUR	100		129,259
Saipem Finance International BV
2.63%, 01/07/25(b)	EUR	100		124,608
2.75%, 04/05/22(b)	EUR	100		124,301
3.38%, 07/15/26 (Call 04/15/26)(b)	EUR	100		127,292
Sisal Group SpA, 7.00%, 07/31/23 (Call 02/08/21)(b)	EUR	69		84,536
Societa Cattolica di Assicurazioni SC, 4.25%, 12/14/47 (Call 12/14/27)(b)(e)	EUR	100		127,780
Sofima Holding SpA, 3.75%, 01/15/28 (Call 01/15/23)(b)	EUR	100		121,891
Telecom Italia SpA/Milano
1.63%, 01/18/29 (Call 10/18/28)(b)	EUR	100		119,934
2.38%, 10/12/27 (Call 07/12/27)(b)	EUR	100		126,430
2.50%, 07/19/23(b)	EUR	100		126,939
2.75%, 04/15/25 (Call 01/15/25)(b)	EUR	150		191,559
2.88%, 01/28/26 (Call 10/28/25)(b)	EUR	300		386,745
3.00%, 09/30/25(b)	EUR	100		129,938
3.25%, 01/16/23(b)	EUR	100		127,738
3.63%, 01/19/24(b)	EUR	100		130,310
3.63%, 05/25/26(b)	EUR	100		134,039
4.00%, 04/11/24 (Call 01/11/24)(b)	EUR	100		131,242
5.30%, 05/30/24(a)	USD	200		217,598
UniCredit SpA
2.00%, 09/23/29 (Call 09/23/24)(b)(e)	EUR	200		239,904
2.73%, 01/15/32 (Call 01/15/27)(b)(e)	EUR	200		243,650
4.88%, 02/20/29 (Call 02/20/24)(b)(e)	EUR	200		264,272
5.46%, 06/30/35 (Call 06/30/30)(a)(e)	USD	200		215,001
5.86%, 06/19/32 (Call 06/19/27)(a)(e)	USD	200		222,521
6.95%, 10/31/22(b)	EUR	100		134,337
Unione di Banche Italiane SpA
2.63%, 06/20/24(b)	EUR	250		323,880
4.45%, 09/15/27 (Call 09/15/22)(b)(e)	EUR	100		127,163

Security		Par (000)		Value
Italy (continued)
Unipol Gruppo SpA
3.00%, 03/18/25(b)	EUR	100	$	128,776
3.25%, 09/23/30 (Call 06/23/30)(b)	EUR	100		128,005
3.50%, 11/29/27 (Call 08/29/27)(b)	EUR	100		129,840
UnipolSai Assicurazioni SpA, 3.88%, 03/01/28(b)	EUR	100		128,182
Webuild SpA, 1.75%, 10/26/24(b)	EUR	100		111,505
				10,234,793
Japan — 0.4%
SoftBank Group Corp.
3.13%, 09/19/25 (Call 06/21/25)(b)	EUR	150		187,433
4.00%, 04/20/23 (Call 01/20/23)(b)	EUR	100		126,823
4.00%, 09/19/29 (Call 06/21/29)(b)	EUR	125		162,417
4.50%, 04/20/25 (Call 01/20/25)(b)	EUR	100		131,740
5.00%, 04/15/28 (Call 01/16/28)(b)	EUR	100		136,191
				744,604
Luxembourg — 1.7%
Altice Financing SA
2.25%, 01/15/25 (Call 01/15/22)(b)	EUR	100		117,252
3.00%, 01/15/28 (Call 01/15/23)(b)	EUR	100		115,522
5.00%, 01/15/28 (Call 01/15/23)(a)	USD	200		205,000
7.50%, 05/15/26 (Call 05/15/21)(a)	USD	200		209,750
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(b)	EUR	100		117,595
Altice France Holding SA
4.00%, 02/15/28 (Call 02/15/23)(b)	EUR	100		116,027
6.00%, 02/15/28 (Call 02/15/23)(a)(c)	USD	200		201,348
8.00%, 05/15/27 (Call 05/15/22)(b)	EUR	100		133,084
10.50%, 05/15/27 (Call 05/15/22)(a)	USD	200		224,250
ArcelorMittal SA
0.95%, 01/17/23 (Call 10/17/22)(b)	EUR	100		122,681
1.00%, 05/19/23 (Call 02/19/23)(b)	EUR	100		122,956
2.25%, 01/17/24 (Call 10/17/23)(b)	EUR	100		126,831
4.55%, 03/11/26	USD	100		111,000
Garfunkelux Holdco 3 SA
6.75%, 11/01/25 (Call 11/01/22)(b)	EUR	100		124,028
7.75%, 11/01/25 (Call 11/01/22)(b)	GBP	100		140,001
INEOS Finance PLC, 2.88%, 05/01/26 (Call 05/01/22)(b)	EUR	100		123,059
INEOS Group Holdings SA, 5.38%, 08/01/24 (Call 02/08/21)(b)	EUR	100		122,698
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 11/15/22)(b)	EUR	100		123,343
Mytilineos Financial Partners SA, 2.50%, 12/01/24 (Call 06/01/24)(b)	EUR	100		125,745
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(b)	EUR	100		128,752
Summer BC Holdco A Sarl, 9.25%, 10/31/27 (Call 10/31/22)(b)	EUR	90		116,407
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 10/31/22)(b)	EUR	100		126,548
Swissport Investments SA, 6.75%, 12/15/21 (Call 02/08/21)(b)	EUR	100		304
Vivion Investments Sarl, 3.00%, 08/08/24(b)	EUR	100		112,008
				3,166,189
Macau — 0.5%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 03/01/21)(a)	USD	200		204,962
5.38%, 12/04/29 (Call 12/04/24)(a)	USD	200		210,304
Studio City Finance Ltd., 6.50%, 01/15/28 (Call 07/15/23)(a)	USD	200		214,256

4

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Macau (continued)
Wynn Macau Ltd.
4.88%, 10/01/24 (Call 02/08/21)(a)	USD	100	$	100,875
5.50%, 01/15/26 (Call 06/15/22)(a)	USD	200		206,440
				936,837
Netherlands — 2.0%
Intertrust Group BV, 3.38%, 11/15/25 (Call 11/15/21)(b)	EUR	100		123,873
IPD 3 BV, 5.50%, 12/01/25 (Call 12/01/22)(b)	EUR	100		124,599
Koninklijke KPN NV, 7.00%, 03/28/73 (Call 03/28/23)(a)(e)	USD	200		212,407
Lincoln Financing Sarl, 3.63%, 04/01/24 (Call 03/01/21)(b)	EUR	125		152,067
Louis Dreyfus Co. BV, 2.38%, 11/27/25 (Call 08/27/25)(b)	EUR	100		125,429
Nouryon Holding BV, 6.50%, 10/01/26 (Call 10/01/21)(b)	EUR	100		127,328
OCI NV
3.13%, 11/01/24 (Call 11/01/21)(b)	EUR	100		123,833
5.25%, 11/01/24 (Call 11/01/21)(a)(c)	USD	200		206,658
PPF Telecom Group BV
3.25%, 09/29/27 (Call 06/29/27)(b)	EUR	175		229,022
3.50%, 05/20/24 (Call 02/20/24)(b)	EUR	100		128,902
Promontoria Holding 264 BV, 6.75%, 08/15/23 (Call 03/01/21)(b)	EUR	100		112,631
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/01/23)(b)	EUR	150		169,910
Sensata Technologies BV
4.88%, 10/15/23(a)	USD	75		80,250
5.00%, 10/01/25(a)	USD	100		110,322
5.63%, 11/01/24(a)	USD	50		55,516
Sigma Holdco BV, 5.75%, 05/15/26 (Call 05/15/21)(b)	EUR	100		117,674
Trivium Packaging Finance BV
3.75%, 08/15/26 (Call 08/15/22)(b)	EUR	100		123,929
8.50%, 08/15/27 (Call 08/15/22)(a)	USD	200		216,940
United Group BV
3.63%, 02/15/28 (Call 02/15/23)(b)	EUR	100		117,833
4.88%, 07/01/24 (Call 03/01/21)(b)	EUR	100		123,834
UPC Holding BV, 3.88%, 06/15/29 (Call 06/15/22)(b)	EUR	100		124,236
Ziggo Bond Co. BV, 3.38%, 02/28/30 (Call 02/15/25)(b)	EUR	100		121,040
Ziggo BV
2.88%, 01/15/30 (Call 10/15/24)(b)	EUR	100		122,708
4.25%, 01/15/27 (Call 01/15/22)(b)	EUR	80		101,364
4.88%, 01/15/30 (Call 10/15/24)(a)	USD	200		209,746
5.50%, 01/15/27 (Call 01/15/22)(a)	USD	225		234,956
				3,697,007
Norway — 0.1%
Adevinta ASA, 2.63%, 11/15/25 (Call 11/15/22)(b)	EUR	100		123,479
Portugal — 0.3%
Banco Comercial Portugues SA, 3.87%, 03/27/30 (Call 03/27/25)(b)(e)	EUR	100		116,317
Caixa Geral de Depositos SA, 1.25%, 11/25/24(b)	EUR	100		124,622
EDP - Energias de Portugal SA
1.70%, 07/20/80 (Call 04/20/25)(b)(e)	EUR	100		120,404
4.50%, 04/30/79 (Call 01/30/24)(b)(e)	EUR	100		132,672
Transportes Aereos Portugueses SA, 5.63%, 12/02/24 (Call 06/02/24)(b)	EUR	100		81,976
				575,991
Singapore — 0.1%
Puma International Financing SA, 5.13%, 10/06/24 (Call 02/09/21)(a)	USD	200		199,410
Spain — 1.6%
Abanca Corp. Bancaria SA, 4.63%, 04/07/30 (Call 04/07/25)(b)(e)	EUR	100		127,088

Security		Par (000)		Value
Spain (continued)
Banco de Sabadell SA
1.13%, 03/27/25(b)	EUR	100	$	122,063
1.75%, 05/10/24(b)	EUR	100		124,429
2.50%, 04/15/31 (Call 01/15/26)(b)(e)	EUR	100		120,192
5.38%, 12/12/28 (Call 12/12/23)(b)(e)	EUR	100		132,377
Bankia SA
1.00%, 06/25/24(b)	EUR	100		124,811
1.13%, 11/12/26(b)	EUR	100		125,617
3.75%, 02/15/29 (Call 02/15/24)(b)(e)	EUR	100		130,814
Cellnex Telecom SA
1.75%, 10/23/30 (Call 07/23/30)(b)	EUR	100		121,024
1.88%, 06/26/29 (Call 03/26/29)	EUR	100		123,925
2.88%, 04/18/25 (Call 01/18/25)(b)	EUR	100		131,353
3.13%, 07/27/22(b)	EUR	100		126,802
Cirsa Finance International Sarl, 6.25%, 12/20/23 (Call 02/08/21)(b)	EUR	100		118,626
ContourGlobal Power Holdings SA, 2.75%, 01/01/26 (Call 01/01/23)(b)	EUR	100		121,597
eDreams ODIGEO SA, 5.50%, 09/01/23 (Call 02/08/21)(b)	EUR	100		113,605
El Corte Ingles SA, 3.00%, 03/15/24 (Call 02/08/21)(b)	EUR	100		122,829
Gestamp Funding Luxembourg SA, 3.50%, 05/15/23 (Call 02/08/21)(b)	EUR	100		121,616
Grifols SA
1.63%, 02/15/25 (Call 02/15/22)(b)	EUR	100		121,068
2.25%, 11/15/27 (Call 11/15/22)(b)	EUR	100		123,026
3.20%, 05/01/25 (Call 03/01/21)(b)	EUR	100		122,308
Grupo-Antolin Irausa SA, 3.25%, 04/30/24 (Call 02/08/21)(b)	EUR	100		118,286
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(b)(e)	EUR	100		118,034
Lorca Telecom Bondco SA, 4.00%, 09/18/27 (Call 09/30/23)(b)	EUR	100		127,824
Obrascon Huarte Lain SA, 4.75%, 03/15/22 (Call 03/01/21)(b)	EUR	100		83,372
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(b)(e)	EUR	100		132,808
				3,055,494
Sweden — 0.8%
Akelius Residential Property AB, 3.88%, 10/05/78 (Call 07/08/23)(b)(e)	EUR	100		127,319
Dometic Group AB, 3.00%, 05/08/26 (Call 04/08/26)(b)	EUR	125		157,662
Fastighets AB Balder, 3.00%, 03/07/78 (Call 03/07/23)(b)(e)	EUR	100		123,236
Intrum AB
2.75%, 07/15/22 (Call 03/01/21)(b)	EUR	10		12,141
3.13%, 07/15/24 (Call 03/01/21)(b)	EUR	100		121,069
3.50%, 07/15/26 (Call 07/15/22)(b)	EUR	200		240,703
4.88%, 08/15/25 (Call 08/15/22)(b)	EUR	100		125,399
Verisure Holding AB
3.25%, 02/15/27 (Call 02/15/23)(b)	EUR	100		121,976
3.88%, 07/15/26 (Call 07/15/22)(b)	EUR	100		124,523
Verisure Midholding AB, 5.25%, 02/15/29 (Call 02/15/24)(b)	EUR	200		247,970
Volvo Car AB, 2.13%, 04/02/24 (Call 01/02/24)(b)	EUR	100		126,051
				1,528,049
Switzerland — 0.2%
Dufry One BV
2.00%, 02/15/27 (Call 02/15/23)(b)	EUR	100		111,320
2.50%, 10/15/24 (Call 03/01/21)(b)	EUR	100		114,249

5

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
Switzerland (continued)
Walnut Bidco PLC, 6.75%, 08/01/24 (Call 08/01/21)(b)	EUR	100	$	123,821
				349,390
United Kingdom — 4.3%
Algeco Global Finance PLC, 6.50%, 02/15/23 (Call 03/01/21)(b)	EUR	100		123,103
Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 03/01/21)(b)	GBP	100		141,934
B&M European Value Retail SA, 3.63%, 07/15/25 (Call 07/15/22)(b)	GBP	100		141,829
British Telecommunications PLC, 1.87%, 08/18/80 (Call 05/18/25)(b)(e)	EUR	100		118,500
Cabot Financial Luxembourg SA, 7.50%, 10/01/23 (Call 02/08/21)(b)	GBP	44		61,508
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%,10/01/26 (Call 10/01/22)(a)	USD	200		213,660
eG Global Finance PLC 4.38%, 02/07/25 (Call 05/15/21)(b)	EUR	100		119,364
6.25%, 10/30/25 (Call 10/30/21)(b)	EUR	100		124,326
6.75%, 02/07/25 (Call 05/15/21)(a)	USD	200		206,584
FCE Bank PLC, 1.13%, 02/10/22(b)	EUR	100		121,139
GKN Holdings Ltd., 5.38%, 09/19/22(b)	GBP	100		145,004
Heathrow Finance PLC, 4.38%, 03/01/27(b)	GBP	100		136,200
Iceland Bondco PLC, 4.63%, 03/15/25 (Call 02/08/21)(b)	GBP	100		137,131
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26 (Call 01/15/23)(b)	EUR	100		121,510
INEOS Styrolution Group GmbH, 2.25%, 01/16/27 (Call 01/15/23)(b)	EUR	100		118,977
International Consolidated Airlines Group SA, 1.50%, 07/04/27 (Call 04/04/27)(b)	EUR	100		102,507
International Personal Finance PLC, 9.75%, 11/12/25 (Call 11/12/22)	EUR	100		119,861
Jaguar Land Rover Automotive PLC
2.20%, 01/15/24(b)	EUR	100		115,896
3.88%, 03/01/23(b)	GBP	100		136,213
4.50%, 01/15/26 (Call 10/15/25)(b)	EUR	100		120,430
5.63%, 02/01/23 (Call 03/01/21)(a)	USD	150		149,549
5.88%, 11/15/24 (Call 08/15/24)(b)	EUR	100		129,047
Jerrold Finco PLC, 4.88%, 01/15/26 (Call 01/15/22)(b)	GBP	100		135,560
Marks & Spencer PLC
3.75%, 05/19/26 (Call 02/19/26)(b)	GBP	100		140,200
6.00%, 06/12/25(b)	GBP	100		152,948
Metro Bank PLC, 5.50%, 06/26/28 (Call 06/26/23)(b)(e)	GBP	100		88,137
Motion Finco Sarl, 7.00%, 05/15/25 (Call 05/15/22)(b)	EUR	100		125,664
Pinewood Finance Co. Ltd., 3.25%, 09/30/25 (Call 09/30/21)(b)	GBP	100		140,148
Pinnacle Bidco PLC, 5.50%, 02/15/25 (Call 01/15/22)(b)	EUR	100		119,327
Playtech PLC, 4.25%, 03/07/26 (Call 03/07/22)(b)	EUR	100		125,195
Rolls-Royce PLC 0.88%, 05/09/24 (Call 02/09/24)(b)	EUR	100		114,044
3.38%, 06/18/26	GBP	100		135,267
4.63%, 02/16/26 (Call 11/16/25)(b)	EUR	100		128,821
5.75%, 10/15/27 (Call 07/15/27)(a)	USD	200		216,250
Stellantis NV, 5.25%, 04/15/23	USD	200		218,374
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 07/31/22)(b)	GBP	100		140,626
Synthomer PLC, 3.88%, 07/01/25 (Call 07/01/22)(b)	EUR	100		127,032
TechnipFMC PLC, 6.50%, 02/01/26 (Call 02/01/23)(a)	USD	35		36,466
Thames Water Utilities Finance PLC, 5.75%, 09/13/30 (Call 09/13/22)(e)	GBP	125		182,378

Security		Par (000)		Value
United Kingdom (continued)
Very Group Funding Plc/The, 7.75%, 11/15/22 (Call 03/01/21)(b)	GBP	100	$	139,644
Victoria PLC, 5.25%, 07/15/24 (Call 07/15/21)(b)	EUR	100		126,072
Virgin Media Finance PLC 3.75%, 07/15/30 (Call 07/15/25)(b)	EUR	100		124,191
5.00%, 07/15/30 (Call 07/15/25)(a)	USD	200		205,440
Virgin Media Secured Finance PLC 4.25%, 01/15/30 (Call 10/15/24)(b)	GBP	150		212,461
5.00%, 04/15/27 (Call 04/15/22)(b)	GBP	100		143,980
5.50%, 05/15/29 (Call 05/15/24)(a)	USD	200		214,940
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 07/15/23)(b)	GBP	100		140,843
Viridian Group FinanceCo PLC/Viridian Power and Energy, 4.00%, 09/15/25 (Call 02/08/21)(b)	EUR	100		122,673
Vmed O2 UK Financing I PLC 3.25%, 01/31/31 (Call 01/31/26)(b)	EUR	150		185,702
4.00%, 01/31/29 (Call 01/31/24)(b)	GBP	100		140,009
Vodafone Group PLC
3.10%, 01/03/79 (Call 10/03/23)(b)(e)	EUR	200		251,488
4.20%, 10/03/78 (Call 07/03/28)(b)(e)	EUR	100		137,814
4.88%, 10/03/78 (Call 07/03/25)(b)	GBP	100		149,567
7.00%, 04/04/79 (Call 01/04/29)(e)	USD	275		341,687
Series NC10, 3.00%, 08/27/80 (Call 05/27/30)(b)(e)	EUR	100		125,565
Series NC6, 2.63%, 08/27/80 (Call 05/27/26)(b)(e)	EUR	100		124,499
				8,117,284
United States — 65.4%
Acadia Healthcare Co. Inc.
5.00%, 04/15/29 (Call 10/15/23)(a)	USD	45		47,329
5.50%, 07/01/28 (Call 07/01/23)(a)	USD	30		32,025
5.63%, 02/15/23 (Call 03/01/21)	USD	80		80,230
Acrisure LLC/Acrisure Finance Inc.
7.00%, 11/15/25 (Call 03/01/21)(a)(c)	USD	115		118,753
8.13%, 02/15/24 (Call 03/01/21)(a)	USD	120		125,220
10.13%, 08/01/26 (Call 08/01/22)(a)	USD	30		34,425
Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(b)	EUR	100		121,530
Adient U.S. LLC 7.00%, 05/15/26 (Call 05/15/22)(a)	USD	200		217,730
9.00%, 04/15/25 (Call 04/15/22)(a)(c)	USD	60		67,125
ADT Security Corp. (The)3.50%, 07/15/22	USD	125		128,027
4.13%, 06/15/23	USD	90		94,703
AECOM 5.13%, 03/15/27 (Call 12/15/26)	USD	125		139,236
5.88%, 10/15/24 (Call 07/15/24)	USD	100		111,486
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC
3.25%, 03/15/26 (Call 09/15/22)(a)	USD	55		55,400
3.50%, 02/15/23 (Call 12/15/22)(a)	USD	60		61,546
3.50%, 03/15/29 (Call 09/15/23)(a)	USD	125		123,437
4.63%, 01/15/27 (Call 01/15/23)(a)	USD	170		178,024
4.88%, 02/15/30 (Call 02/15/25)(a)	USD	100		106,979
5.88%, 02/15/28 (Call 08/15/22)(a)	USD	125		134,337
7.50%, 03/15/26 (Call 03/15/22)(a)	USD	75		82,875
Alcoa Nederland Holding BV 6.13%, 05/15/28 (Call 05/15/23)(a)	USD	200		218,625
7.00%, 09/30/26 (Call 09/30/21)(a)	USD	200		212,200
Allegheny Technologies Inc., 7.88%, 08/15/23 (Call 05/15/23)	USD	65		71,304

6

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer 4.25%, 10/15/27 (Call 10/15/23)(a)	USD	70	$	70,788
6.75%, 10/15/27 (Call 10/15/22)(a)	USD	130		137,475
Allied Universal Holdco LLC/Allied Universal Finance Corp. 6.63%, 07/15/26 (Call 07/15/22)(a)	USD	170		181,957
9.75%, 07/15/27 (Call 07/15/22)(a)	USD	140		152,374
Allison Transmission Inc.
3.75%, 01/30/31 (Call 01/30/26)(a)(c)	USD	110		109,393
4.75%, 10/01/27 (Call 10/01/22)(a)	USD	50		52,375
5.88%, 06/01/29 (Call 06/01/24)(a)	USD	70		77,000
Ally Financial Inc., 5.75%, 11/20/25 (Call 10/21/25)	USD	130		151,482
AMC Entertainment Holdings Inc.
10.50%, 04/15/25 (Call 04/15/22)(a)	USD	50		51,125
10.50%, 04/24/26 (Call 06/15/22)(a)	USD	92		92,064
AMC Networks Inc.
4.25%, 02/15/29 (Call 02/15/24)	USD	25		24,919
4.75%, 12/15/22 (Call 02/26/21)	USD	33		33,066
4.75%, 08/01/25 (Call 08/01/21)(c)	USD	100		103,000
5.00%, 04/01/24 (Call 03/01/21)	USD	125		126,985
American Airlines Group Inc.
3.75%, 03/01/25(a)	USD	65		49,806
5.00%, 06/01/22(a)	USD	95		89,300
American Airlines Inc., 11.75%, 07/15/25(a)	USD	300		347,676
American Axle & Manufacturing Inc.
6.25%, 04/01/25 (Call 03/01/21)(c)	USD	90		92,814
6.25%, 03/15/26 (Call 03/15/21)(c)	USD	50		51,063
6.50%, 04/01/27 (Call 04/01/22)(c)	USD	60		62,491
6.88%, 07/01/28 (Call 07/01/23)(c)	USD	50		52,561
American Builders & Contractors Supply Co. Inc., 4.00%,
01/15/28 (Call 01/15/23)(a)	USD	100		103,235
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)	USD	90		99,115
5.63%, 05/20/24 (Call 03/20/24)	USD	85		93,518
5.75%, 05/20/27 (Call 02/20/27)	USD	75		85,125
5.88%, 08/20/26 (Call 05/20/26)	USD	75		84,961
Antero Midstream Partners LP/Antero Midstream
Finance Corp.
5.38%, 09/15/24 (Call 02/16/21)	USD	80		79,440
5.75%, 03/01/27 (Call 03/01/22)(a)	USD	85		84,931
5.75%, 01/15/28 (Call 01/15/23)(a)	USD	80		80,000
7.88%, 05/15/26 (Call 05/15/23)(a)	USD	50		53,386
Antero Resources Corp.
5.00%, 03/01/25 (Call 03/01/21)(c)	USD	75		71,250
5.13%, 12/01/22 (Call 02/10/21)	USD	31		30,977
5.63%, 06/01/23 (Call 03/01/21)(c)	USD	95		93,100
7.63%, 02/01/29 (Call 02/01/24)(a)	USD	35		35,744
8.38%, 07/15/26 (Call 01/15/24)(a)	USD	65		68,900
Apache Corp.
4.25%, 01/15/30 (Call 10/15/29)(c)	USD	75		73,824
4.38%, 10/15/28 (Call 07/15/28)	USD	100		99,714
4.63%, 11/15/25 (Call 08/15/25)(c)	USD	15		15,343
4.88%, 11/15/27 (Call 05/15/27)(c)	USD	95		97,522
APX Group Inc.
6.75%, 02/15/27 (Call 02/15/23)(a)	USD	80		85,407
7.88%, 12/01/22 (Call 03/01/21)	USD	94		94,177
Aramark Services Inc.
4.75%, 06/01/26 (Call 06/01/21)	USD	50		51,133
5.00%, 04/01/25 (Call 03/01/21)(a)(c)	USD	75		77,040

Security		Par (000)		Value
United States (continued)
5.00%, 02/01/28 (Call 02/01/23)(a)(c)	USD	145	$	151,177
6.38%, 05/01/25 (Call 05/01/22)(a)	USD	195		207,514
Arches Buyer Inc.
4.25%, 06/01/28 (Call 12/01/23)(a)	USD	30		30,023
6.13%, 12/01/28 (Call 12/01/23)(a)	USD	65		66,815
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/28 (Call 04/01/23)(a)	USD	65		66,544
6.88%, 04/01/27 (Call 04/01/22)(a)	USD	65		68,257
Arconic Corp.
6.00%, 05/15/25 (Call 05/15/22)(a)(c)	USD	70		75,106
6.13%, 02/15/28 (Call 02/15/23)(a)(c)	USD	75		80,479
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.13%, 08/15/26 (Call 08/15/22)(b)	EUR	225		273,814
5.25%, 08/15/27 (Call 08/15/22)(a)	USD	400		409,880
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 7.00%, 11/01/26 (Call 11/01/21)(a)	USD	75		71,625
AssuredPartners Inc., 5.63%, 01/15/29 (Call 12/15/23)(a)	USD	25		25,441
Avantor Funding Inc.
2.63%, 11/01/25 (Call 11/01/22)(b)	EUR	100		123,926
4.63%, 07/15/28 (Call 07/15/23)(a)	USD	180		189,097
Avaya Inc., 6.13%, 09/15/28 (Call 09/15/23)(a)	USD	100		106,479
Avient Corp., 5.75%, 05/15/25 (Call 05/15/22)(a)	USD	95		100,688
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
5.75%, 07/15/27 (Call 07/15/22)(a)(c)	USD	55		55,676
10.50%, 05/15/25 (Call 05/15/22)(a)	USD	65		76,851
Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 09/30/21)(b)	EUR	100		118,431
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 02/08/21)(b)	EUR	125		154,004
Axalta Coating Systems LLC, 3.38%, 02/15/29 (Call 02/15/24)(a)	USD	150		147,153
B&G Foods Inc.
5.25%, 04/01/25 (Call 03/01/21)	USD	115		118,162
5.25%, 09/15/27 (Call 03/01/22)	USD	70		74,185
Ball Corp.
1.50%, 03/15/27 (Call 12/15/26)	EUR	100		125,138
2.88%, 08/15/30 (Call 05/15/30)(c)	USD	125		124,412
4.00%, 11/15/23	USD	125		133,552
4.38%, 12/15/23	EUR	100		134,145
4.88%, 03/15/26 (Call 12/15/25)	USD	95		106,609
5.00%, 03/15/22	USD	50		52,135
5.25%, 07/01/25	USD	125		141,782
Banff Merger Sub Inc., 9.75%, 09/01/26 (Call 09/01/21)(a)	USD	185		196,794
Bausch Health Americas Inc.
8.50%, 01/31/27 (Call 07/31/22)(a)	USD	220		243,650
9.25%, 04/01/26 (Call 04/01/22)(a)	USD	190		210,662
Bausch Health Companies Inc.
5.00%, 01/30/28 (Call 01/30/23)(a)(c)	USD	180		185,072
5.25%, 01/30/30 (Call 01/30/25)(a)(c)	USD	130		134,361
5.50%, 11/01/25 (Call 03/01/21)(a)	USD	220		226,534
5.75%, 08/15/27 (Call 08/15/22)(a)	USD	65		70,119
6.13%, 04/15/25 (Call 03/01/21)(a)	USD	360		368,914
6.25%, 02/15/29 (Call 02/15/24)(a)(c)	USD	160		172,458
7.00%, 03/15/24 (Call 03/01/21)(a)	USD	100		102,220
7.00%, 01/15/28 (Call 01/15/23)(a)	USD	95		102,386
7.25%, 05/30/29 (Call 05/30/24)(a)	USD	95		106,120
9.00%, 12/15/25 (Call 12/15/21)(a)	USD	140		153,654
Beacon Roofing Supply Inc., 4.88%, 11/01/25 (Call 03/01/21)(a)	USD	165		167,013

7

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(b)	EUR	150	$	189,848
Berry Global Inc.
1.00%, 01/15/25 (Call 10/15/24)(b)	EUR	100		123,057
4.50%, 02/15/26 (Call 03/01/21)(a)(c)	USD	65		66,459
4.88%, 07/15/26 (Call 07/15/22)(a)	USD	180		192,600
5.63%, 07/15/27 (Call 07/15/22)(a)(c)	USD	65		69,144
Black Knight InfoServ LLC, 3.63%, 09/01/28 (Call 09/01/23)(a)	USD	100		101,115
Blue Cube Spinco LLC, 10.00%, 10/15/25 (Call 03/01/21)	USD	65		69,027
Boxer Parent Co. Inc.
6.50%, 10/02/25 (Call 06/01/22)(b)	EUR	100		129,555
7.13%, 10/02/25 (Call 06/01/22)(a)	USD	65		70,069
Boyd Gaming Corp.
4.75%, 12/01/27 (Call 12/01/22)	USD	125		128,594
6.00%, 08/15/26 (Call 08/15/21)	USD	90		93,275
6.38%, 04/01/26 (Call 04/01/21)	USD	95		98,502
8.63%, 06/01/25 (Call 06/01/22)(a)	USD	60		66,300
Brand Industrial Services Inc., 8.50%, 07/15/25 (Call 03/01/21)(a)(c)	USD	125		126,875
Brink's Co. (The), 5.50%, 07/15/25 (Call 07/15/22)(a)	USD	215		229,133
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)	USD	75		75,571
4.13%, 03/01/25 (Call 02/01/25)(a)	USD	50		50,750
4.13%, 12/01/27 (Call 09/01/27)(c)	USD	75		76,088
4.15%, 07/01/23 (Call 04/01/23)	USD	50		51,413
4.50%, 03/01/28 (Call 12/01/27)(a)	USD	50		51,380
6.38%, 01/22/78 (Call 01/22/23)(e)	USD	50		39,604
Builders FirstSource Inc.
5.00%, 03/01/30 (Call 03/01/25)(a)	USD	75		80,156
6.75%, 06/01/27 (Call 06/01/22)(a)	USD	50		53,813
Caesars Entertainment Inc.
6.25%, 07/01/25 (Call 07/01/22)(a)	USD	455		480,935
8.13%, 07/01/27 (Call 07/01/23)(a)	USD	160		175,453
Caesars Resort Collection LLC/CRC Finco Inc.
5.25%, 10/15/25 (Call 02/08/21)(a)	USD	240		239,635
5.75%, 07/01/25 (Call 07/01/22)(a)	USD	110		115,587
Calpine Corp.
3.75%, 03/01/31 (Call 03/01/26)(a)	USD	125		121,420
4.50%, 02/15/28 (Call 02/15/23)(a)	USD	155		159,216
4.63%, 02/01/29 (Call 02/01/24)(a)	USD	65		65,327
5.00%, 02/01/31 (Call 02/01/26)(a)	USD	65		66,703
5.13%, 03/15/28 (Call 03/15/23)(a)	USD	150		155,250
5.25%, 06/01/26 (Call 06/01/21)(a)	USD	175		180,526
Calumet Specialty Products Partners LP/Calumet Finance Corp., 11.00%, 04/15/25 (Call 10/15/21)(a)	USD	70		69,807
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29)	EUR	100		86,900
Carvana Co.
5.63%, 10/01/25 (Call 10/01/22)(a)	USD	55		56,734
5.88%, 10/01/28 (Call 10/01/23)(a)	USD	65		67,347
Catalent Pharma Solutions Inc., 2.38%, 03/01/28 (Call 03/01/23)(b)	EUR	100		121,274
CCO Holdings LLC/CCO Holdings Capital Corp.
4.00%, 03/01/23 (Call 02/16/21)(a)	USD	65		65,671
4.25%, 02/01/31 (Call 07/01/25)(a)	USD	350		359,625
4.50%, 08/15/30 (Call 02/15/25)(a)	USD	360		379,063
4.50%, 05/01/32 (Call 05/01/26)(a)	USD	310		322,012
4.75%, 03/01/30 (Call 09/01/24)(a)	USD	335		356,002
5.00%, 02/01/28 (Call 08/01/22)(a)	USD	265		278,581
5.13%, 05/01/27 (Call 05/01/22)(a)	USD	405		425,841
5.38%, 06/01/29 (Call 06/01/24)(a)	USD	190		206,494

Security		Par (000)		Value
United States (continued)
5.50%, 05/01/26 (Call 05/01/21)(a)	USD	190	$	196,785
5.75%, 02/15/26 (Call 03/01/21)(a)	USD	265		273,427
5.88%, 05/01/27 (Call 05/01/21)(a)(c)	USD	100		104,000
CDK Global Inc.
4.88%, 06/01/27 (Call 06/01/22)	USD	75		78,797
5.00%, 10/15/24 (Call 07/15/24)	USD	65		72,249
5.25%, 05/15/29 (Call 05/15/24)(a)	USD	65		70,428
5.88%, 06/15/26 (Call 06/15/21)	USD	65		67,815
CDW LLC/CDW Finance Corp.
3.25%, 02/15/29 (Call 02/15/23)	USD	40		40,252
4.13%, 05/01/25 (Call 05/01/22)	USD	75		77,625
4.25%, 04/01/28 (Call 10/01/22)	USD	75		78,332
5.50%, 12/01/24 (Call 06/01/24)	USD	70		77,279
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)(c)	USD	70		70,182
Cedar Fair LP/Canada's Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 04/15/22)(c)	USD	85		85,213
5.50%, 05/01/25 (Call 05/01/22)(a)	USD	150		156,187
Centene Corp.
3.00%, 10/15/30 (Call 07/15/30)	USD	170		177,721
3.38%, 02/15/30 (Call 02/15/25)(c)	USD	300		314,250
4.25%, 12/15/27 (Call 12/15/22)	USD	315		333,758
4.63%, 12/15/29 (Call 12/15/24)(c)	USD	365		404,922
4.75%, 01/15/25 (Call 03/01/21)(c)	USD	250		256,339
5.38%, 06/01/26 (Call 06/01/21)(a)(c)	USD	300		314,160
5.38%, 08/15/26 (Call 08/15/21)(a)	USD	95		99,987
CF Industries Inc., 3.45%, 06/01/23	USD	95		99,733
Change Healthcare Holdings LLC/Change Healthcare Finance Inc., 5.75%, 03/01/25 (Call 02/08/21)(a)	USD	125		128,369
Charles River Laboratories International Inc.
4.25%, 05/01/28 (Call 05/01/23)(a)	USD	65		68,588
5.50%, 04/01/26 (Call 04/01/21)(a)	USD	65		67,939
Chemours Co. (The)
5.38%, 05/15/27 (Call 02/15/27)(c)	USD	65		69,956
5.75%, 11/15/28 (Call 11/15/23)(a)	USD	85		88,147
7.00%, 05/15/25 (Call 03/01/21)	USD	95		98,159
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 10/15/23)(a)	USD	260		270,725
Cheniere Energy Partners LP
4.50%, 10/01/29 (Call 10/01/24)(c)	USD	190		203,300
5.25%, 10/01/25 (Call 03/01/21)	USD	136		139,570
5.63%, 10/01/26 (Call 10/01/21)	USD	140		145,950
CHS/Community Health Systems Inc.
4.75%, 02/15/31 (Call 02/15/26)(a)	USD	35		34,951
5.63%, 03/15/27 (Call 12/15/23)(a)	USD	80		84,163
6.00%, 01/15/29 (Call 01/15/24)(a)	USD	20		21,229
6.63%, 02/15/25 (Call 02/15/22)(a)	USD	205		215,692
6.88%, 04/01/28 (Call 04/01/23)(a)	USD	185		168,352
6.88%, 04/15/29 (Call 04/15/24)(a)	USD	20		20,225
8.00%, 03/15/26 (Call 03/15/22)(a)	USD	285		306,375
8.00%, 12/15/27 (Call 12/15/22)(a)	USD	89		96,899
8.13%, 06/30/24 (Call 06/30/21)(a)	USD	170		178,925
8.63%, 01/15/24 (Call 02/11/21)(a)	USD	130		135,849
9.88%, 06/30/23 (Call 02/04/21)(a)(f)	USD	195		209,617
Churchill Downs Inc.
4.75%, 01/15/28 (Call 01/15/23)(a)	USD	50		52,035
5.50%, 04/01/27 (Call 04/01/22)(a)	USD	80		83,700
Cincinnati Bell Inc., 7.00%, 07/15/24 (Call 09/15/21)(a)	USD	80		83,100
Cinemark USA Inc.
4.88%, 06/01/23 (Call 03/01/21)	USD	95		91,709
5.13%, 12/15/22 (Call 03/01/21)	USD	50		48,846

8

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
CIT Group Inc.
3.93%, 06/19/24 (Call 06/19/23)(e)	USD	110	$	116,979
4.75%, 02/16/24 (Call 11/16/23)	USD	65		71,270
5.00%, 08/15/22	USD	95		100,717
5.00%, 08/01/23	USD	100		109,375
5.25%, 03/07/25 (Call 12/07/24)	USD	65		74,692
6.13%, 03/09/28	USD	50		62,243
Citgo Holding Inc., 9.25%, 08/01/24 (Call 08/01/21)(a)	USD	175		168,000
CITGO Petroleum Corp., 7.00%, 06/15/25 (Call 06/15/22)(a)	USD	100		101,480
Clarios Global LP, 6.75%, 05/15/25 (Call 05/15/22)(a)	USD	30		31,999
Clarios Global LP/Clarios US Finance Co.
4.38%, 05/15/26 (Call 05/15/22)(b)	EUR	100		125,317
6.25%, 05/15/26 (Call 05/15/22)(a)	USD	175		186,119
8.50%, 05/15/27 (Call 05/15/22)(a)	USD	245		259,705
Clear Channel Worldwide Holdings Inc.
5.13%, 08/15/27 (Call 08/15/22)(a)	USD	130		132,925
9.25%, 02/15/24 (Call 03/01/21)	USD	214		222,605
Clearway Energy Operating LLC
4.75%, 03/15/28 (Call 03/15/23)(a)	USD	85		91,321
5.75%, 10/15/25 (Call 10/15/21)	USD	75		78,988
Cleveland-Cliffs Inc.
4.88%, 01/15/24 (Call 03/01/21)(a)	USD	50		51,083
5.88%, 06/01/27 (Call 06/01/22)	USD	50		52,023
6.75%, 03/15/26 (Call 03/15/22)(a)	USD	95		102,343
9.88%, 10/17/25 (Call 10/17/22)(a)	USD	129		151,689
CNX Resources Corp., 6.00%, 01/15/29 (Call 01/15/24)(a)(c)	USD	55		56,840
Colfax Corp.
3.25%, 05/15/25 (Call 03/01/21)(b)	EUR	100		122,811
6.00%, 02/15/24 (Call 03/01/21)(a)	USD	175		181,125
6.38%, 02/15/26 (Call 02/15/22)(a)	USD	50		53,447
CommScope Inc.
5.50%, 03/01/24 (Call 03/01/21)(a)	USD	155		159,200
6.00%, 03/01/26 (Call 03/01/22)(a)	USD	90		95,254
7.13%, 07/01/28 (Call 07/01/23)(a)	USD	265		281,685
8.25%, 03/01/27 (Call 03/01/22)(a)(c)	USD	125		134,617
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/22)(a)(c)	USD	90		89,463
6.00%, 06/15/25 (Call 02/08/21)(a)(c)	USD	131		133,456
Comstock Resources Inc.
7.50%, 05/15/25 (Call 03/01/21)(a)	USD	80		81,800
9.75%, 08/15/26 (Call 08/15/21)	USD	170		181,050
Consolidated Communications Inc., 6.50%, 10/01/28 (Call 10/01/23)(a)(c)	USD	20		21,743
Constellium SE, 6.63%, 03/01/25 (Call 03/01/21)(a)	USD	250		254,642
Continental Resources Inc./OK
3.80%, 06/01/24 (Call 03/01/24)	USD	150		153,750
4.38%, 01/15/28 (Call 10/15/27)(c)	USD	125		127,823
4.50%, 04/15/23 (Call 01/15/23)	USD	116		119,299
5.75%, 01/15/31 (Call 07/15/30)(a)(c)	USD	155		167,787
Core & Main LP, 6.13%, 08/15/25 (Call 03/01/21)(a)	USD	95		97,660
Cornerstone Building Brands Inc.
6.13%, 01/15/29 (Call 09/15/23)(a)	USD	20		20,945
8.00%, 04/15/26 (Call 04/15/21)(a)	USD	75		78,375
Coty Inc., 4.75%, 04/15/26 (Call 04/15/21)(b)	EUR	100		109,790
Covanta Holding Corp.
5.00%, 09/01/30 (Call 09/01/25)(c)	USD	35		36,850
5.88%, 07/01/25 (Call 03/01/21)	USD	50		52,048
6.00%, 01/01/27 (Call 01/01/22)(c)	USD	50		52,406

Security		Par (000)		Value
United States (continued)
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.63%, 05/01/27 (Call 05/01/22)(a)	USD	75	$	72,380
5.75%, 04/01/25 (Call 03/01/21)	USD	65		64,350
6.00%, 02/01/29 (Call 02/01/24)(a)	USD	60		57,913
6.25%, 04/01/23 (Call 02/16/21)	USD	90		90,486
Crown Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 01/15/23	USD	125		131,418
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)	USD	50		54,115
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 03/01/21)	USD	100		103,755
Crown European Holdings SA
0.75%, 02/15/23 (Call 01/15/23)(b)	EUR	100		121,191
2.25%, 02/01/23 (Call 11/01/22)(b)	EUR	100		124,279
2.88%, 02/01/26 (Call 08/01/25)(b)	EUR	100		129,989
4.00%, 07/15/22 (Call 04/15/22)(b)	EUR	100		126,453
CrownRock LP/CrownRock Finance Inc., 5.63%, 10/15/25 (Call 03/01/21)(a)	USD	150		149,250
CSC Holdings LLC
4.13%, 12/01/30 (Call 12/01/25)(a)	USD	200		204,480
4.63%, 12/01/30 (Call 12/01/25)(a)	USD	200		204,000
5.25%, 06/01/24(c)	USD	250		269,437
5.38%, 02/01/28 (Call 02/01/23)(a)	USD	200		212,638
5.50%, 05/15/26 (Call 05/15/21)(a)	USD	200		207,442
5.50%, 04/15/27 (Call 04/15/22)(a)	USD	200		210,940
5.75%, 01/15/30 (Call 01/15/25)(a)(c)	USD	200		214,940
6.50%, 02/01/29 (Call 02/01/24)(a)	USD	300		334,500
7.50%, 04/01/28 (Call 04/01/23)(a)	USD	200		222,286
CVR Energy Inc.
5.25%, 02/15/25 (Call 02/15/22)(a)	USD	75		72,750
5.75%, 02/15/28 (Call 02/15/23)(a)(c)	USD	50		49,140
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 03/01/21)(a)	USD	50		51,698
Dana Inc.
5.38%, 11/15/27 (Call 11/15/22)	USD	15		15,839
5.50%, 12/15/24 (Call 03/01/21)	USD	55		56,159
5.63%, 06/15/28 (Call 06/15/23)(c)	USD	85		90,610
Darling Global Finance BV, 3.63%, 05/15/26 (Call 05/15/21)(b)	EUR	100		123,827
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	155		153,837
4.63%, 06/01/30 (Call 06/01/25)(a)	USD	225		236,322
DCP Midstream Operating LP
3.88%, 03/15/23 (Call 12/15/22)	USD	65		66,785
5.13%, 05/15/29 (Call 02/15/29)	USD	100		108,930
5.38%, 07/15/25 (Call 04/15/25)	USD	105		112,350
5.63%, 07/15/27 (Call 04/15/27)	USD	25		27,250
5.85%, 05/21/43 (Call 05/21/23)(a)(e)	USD	65		57,129
Dell International LLC/EMC Corp., 7.13%, 06/15/24 (Call 02/16/21)(a)	USD	205		212,913
Delta Air Lines Inc.
2.90%, 10/28/24 (Call 09/28/24)(c)	USD	100		98,186
3.75%, 10/28/29 (Call 07/28/29)	USD	100		98,000
3.80%, 04/19/23 (Call 03/19/23)	USD	100		102,254
4.38%, 04/19/28 (Call 01/19/28)	USD	25		25,525
7.38%, 01/15/26 (Call 12/15/25)(c)	USD	175		201,141
Diamond Resorts International Inc.
7.75%, 09/01/23 (Call 03/01/21)(a)	USD	65		66,771
10.75%, 09/01/24 (Call 03/01/21)(a)	USD	75		77,250

9

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Diamond Sports Group LLC/Diamond Sports Finance Co.
5.38%, 08/15/26 (Call 08/15/22)(a)	USD	330	$	266,475
6.63%, 08/15/27 (Call 08/15/22)(a)(c)	USD	200		127,000
Diebold Nixdorf Inc.
8.50%, 04/15/24 (Call 03/01/21)(c)	USD	50		51,000
9.38%, 07/15/25 (Call 07/15/22)(a)	USD	95		105,094
DISH DBS Corp.
5.00%, 03/15/23	USD	190		195,369
5.88%, 07/15/22	USD	225		233,860
5.88%, 11/15/24	USD	300		311,385
7.38%, 07/01/28 (Call 07/01/23)	USD	80		83,287
7.75%, 07/01/26(c)	USD	250		271,547
Diversified Healthcare Trust
4.75%, 02/15/28 (Call 08/15/27)	USD	65		65,000
9.75%, 06/15/25 (Call 06/15/22)	USD	135		153,184
DPL Inc.
4.13%, 07/01/25 (Call 04/01/25)(a)	USD	50		53,438
4.35%, 04/15/29 (Call 01/15/29)	USD	50		55,847
Edgewell Personal Care Co.
4.70%, 05/24/22	USD	65		67,438
5.50%, 06/01/28 (Call 06/01/23)(a)	USD	80		85,600
Elanco Animal Health Inc.
5.27%, 08/28/23 (Call 07/28/23)	USD	100		108,425
5.90%, 08/28/28 (Call 05/28/28)	USD	75		89,588
EMC Corp., 3.38%, 06/01/23 (Call 03/01/23)	USD	125		129,831
Encompass Health Corp, 4.63%, 04/01/31 (Call 04/01/26)	USD	40		42,450
Encompass Health Corp.
4.50%, 02/01/28 (Call 02/01/23)	USD	80		83,658
4.75%, 02/01/30 (Call 02/01/25)	USD	80		85,554
Encore Capital Group Inc., 5.38%, 02/15/26 (Call 11/15/22)(b)	GBP	100		140,091
Endeavor Energy Resources LP/EER Finance Inc.
5.50%, 01/30/26 (Call 03/01/21)(a)	USD	90		93,150
5.75%, 01/30/28 (Call 01/30/23)(a)	USD	125		132,500
6.63%, 07/15/25 (Call 07/15/22)(a)	USD	60		63,932
Endo Dac/Endo Finance LLC/Endo Finco Inc.
6.00%, 06/30/28 (Call 06/30/23)(a)	USD	91		76,222
9.50%, 07/31/27 (Call 07/31/23)(a)(c)	USD	122		138,927
Endurance Acquisition Merger Sub, 6.00%, 02/15/29 (Call 02/15/24)(a)	USD	35		35,044
Energizer Gamma Acquisition BV, 4.63%, 07/15/26 (Call 07/15/21)(b)	EUR	100		125,166
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 09/30/23)(a)	USD	55		56,094
4.75%, 06/15/28 (Call 06/15/23)(a)	USD	75		78,173
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)(c)	USD	90		87,714
4.40%, 04/01/24 (Call 01/01/24)	USD	50		49,500
4.85%, 07/15/26 (Call 04/15/26)	USD	65		63,036
EPR Properties
4.75%, 12/15/26 (Call 09/15/26)	USD	9		9,394
4.95%, 04/15/28 (Call 01/15/28)	USD	30		31,443
EQM Midstream Partners LP
4.00%, 08/01/24 (Call 05/01/24)	USD	100		100,979
4.13%, 12/01/26 (Call 09/01/26)	USD	50		48,446
4.50%, 01/15/29 (Call 07/15/28)(a)	USD	70		67,563
4.75%, 07/15/23 (Call 06/15/23)	USD	125		129,375
4.75%, 01/15/31 (Call 07/15/30)(a)	USD	100		96,594
5.50%, 07/15/28 (Call 04/15/28)	USD	100		103,750
6.00%, 07/01/25 (Call 04/01/25)(a)	USD	85		88,923

Security		Par (000)		Value
United States (continued)
6.50%, 07/01/27 (Call 01/01/27)(a)	USD	125	$	134,026
EQT Corp.
3.90%, 10/01/27 (Call 07/01/27)(c)	USD	175		181,845
7.88%, 02/01/25 (Call 01/01/25)(c)	USD	150		176,767
8.75%, 02/01/30 (Call 11/01/29)	USD	100		127,522
ESH Hospitality Inc.
4.63%, 10/01/27 (Call 10/01/22)(a)	USD	195		199,384
5.25%, 05/01/25 (Call 03/01/21)(a)	USD	140		142,415
Exela Intermediate LLC/Exela Finance Inc., 10.00%, 07/15/23 (Call 03/01/21)(a)	USD	125		40,625
Ferrellgas LP/Ferrellgas Finance Corp.
6.75%, 01/15/22 (Call 03/01/21)	USD	60		58,596
6.75%, 06/15/23 (Call 02/16/21)	USD	60		59,625
10.00%, 04/15/25 (Call 04/15/22)(a)	USD	25		27,831
Fifth Third Bancorp., Series H, 5.10%, (Call 06/30/23)(d)(e)	USD	100		102,008
Flex Acquisition Co. Inc.
6.88%, 01/15/25 (Call 03/01/21)(a)	USD	80		81,204
7.88%, 07/15/26 (Call 07/15/21)(a)(c)	USD	65		67,581
Fluor Corp.
1.75%, 03/21/23 (Call 12/21/22)	EUR	100		114,867
3.50%, 12/15/24 (Call 09/15/24)	USD	50		49,608
4.25%, 09/15/28 (Call 06/15/28)	USD	75		75,006
Ford Credit Canada Co.
3.74%, 05/08/23	CAD	100		79,707
4.46%, 11/13/24	CAD	50		40,598
Ford Motor Co.
4.35%, 12/08/26 (Call 09/08/26)	USD	200		213,414
8.50%, 04/21/23	USD	345		386,572
9.00%, 04/22/25 (Call 03/22/25)	USD	630		767,025
9.63%, 04/22/30 (Call 01/22/30)(c)	USD	125		177,362
Ford Motor Credit Co. LLC
1.36%, 02/07/25	EUR	100		118,414
1.51%, 02/17/23	EUR	200		242,155
1.74%, 07/19/24	EUR	100		120,256
2.33%, 11/25/25	EUR	100		122,275
2.39%, 02/17/26	EUR	100		122,331
2.75%, 06/14/24	GBP	100		137,045
3.25%, 09/15/25	EUR	100		127,084
3.35%, 11/01/22	USD	200		203,190
3.37%, 11/17/23	USD	200		204,190
3.38%, 11/13/25 (Call 10/13/25)(c)	USD	200		204,000
3.81%, 01/09/24 (Call 11/09/23)	USD	200		206,374
4.06%, 11/01/24 (Call 10/01/24)	USD	200		208,478
4.27%, 01/09/27 (Call 11/09/26)	USD	200		210,825
4.38%, 08/06/23	USD	400		417,183
4.39%, 01/08/26	USD	200		212,750
4.54%, 03/06/25	GBP	100		145,425
5.11%, 05/03/29 (Call 02/03/29)	USD	200		220,156
5.13%, 06/16/25 (Call 05/16/25)(c)	USD	415		450,690
Fortress Transportation & Infrastructure Investors LLC
6.50%, 10/01/25 (Call 10/01/21)(a)	USD	85		88,081
6.75%, 03/15/22 (Call 03/01/21)(a)	USD	165		165,000
9.75%, 08/01/27 (Call 08/01/23)(a)	USD	40		45,233
Freedom Mortgage Corp.
7.63%, 05/01/26 (Call 05/01/23)(a)	USD	45		47,700
8.13%, 11/15/24 (Call 03/01/21)(a)	USD	80		83,314
8.25%, 04/15/25 (Call 04/15/21)(a)	USD	90		93,443
Freeport-McMoRan Inc.
3.55%, 03/01/22 (Call 12/01/21)	USD	40		40,788
3.88%, 03/15/23 (Call 12/15/22)	USD	115		120,130

10

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
4.13%, 03/01/28 (Call 03/01/23)	USD	75	$	78,585
4.25%, 03/01/30 (Call 03/01/25)	USD	75		81,375
4.38%, 08/01/28 (Call 08/01/23)	USD	20		21,231
4.55%, 11/14/24 (Call 08/14/24)	USD	105		115,268
4.63%, 08/01/30 (Call 08/01/25)	USD	115		127,650
5.00%, 09/01/27 (Call 09/01/22)(c)	USD	80		85,200
5.25%, 09/01/29 (Call 09/01/24)	USD	85		94,830
Frontier Communications Corp.
5.00%, 05/01/28 (Call 05/01/24)(a)	USD	190		197,125
5.88%, 10/15/27 (Call 10/15/23)(a)	USD	10		10,747
6.75%, 05/01/29 (Call 05/01/24)(a)	USD	135		142,417
FXI Holdings Inc.
7.88%, 11/01/24 (Call 03/01/21)(a)	USD	64		64,902
12.25%, 11/15/26 (Call 11/15/22)(a)	USD	99		111,471
Gap Inc. (The)
8.38%, 05/15/23(a)	USD	35		40,272
8.63%, 05/15/25 (Call 05/15/22)(a)	USD	90		100,773
8.88%, 05/15/27 (Call 05/15/23)(a)	USD	125		145,937
Gartner Inc.
3.75%, 10/01/30 (Call 10/01/25)(a)	USD	80		82,249
4.50%, 07/01/28 (Call 07/01/23)(a)	USD	175		184,790
Genesis Energy LP / Genesis Energy Finance Corp., 8.00%, 01/15/27 (Call 10/15/24)	USD	20		18,993
Genesis Energy LP/Genesis Energy Finance Corp.
6.25%, 05/15/26 (Call 03/01/21)	USD	50		44,880
6.50%, 10/01/25 (Call 03/01/21)	USD	70		64,921
7.75%, 02/01/28 (Call 02/01/23)	USD	95		87,911
Genworth Mortgage Holdings Inc., 6.50%, 08/15/25 (Call 02/15/25)(a)	USD	80		85,475
Golden Nugget Inc.
6.75%, 10/15/24 (Call 03/01/21)(a)	USD	165		165,223
8.75%, 10/01/25 (Call 03/01/21)(a)(c)	USD	85		88,115
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)(c)	USD	90		91,694
5.00%, 05/31/26 (Call 05/31/21)	USD	115		117,651
5.13%, 11/15/23 (Call 03/01/21)	USD	75		75,170
9.50%, 05/31/25 (Call 05/31/22)	USD	105		117,469
Graphic Packaging International LLC, 3.50%, 03/15/28(a)(c)	USD	100		104,037
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)(a)	USD	100		99,595
5.88%, 07/15/26 (Call 07/15/21)(a)	USD	115		119,600
7.00%, 05/15/27 (Call 05/15/22)(a)	USD	90		98,316
Griffon Corp., 5.75%, 03/01/28 (Call 03/01/23)	USD	130		137,475
H&E Equipment Services Inc., 3.88%, 12/15/28 (Call 12/15/23)(a)	USD	100		99,595
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(b)	EUR	100		127,788
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)(a)	USD	115		121,443
4.88%, 05/15/26 (Call 02/15/26)(a)(c)	USD	115		124,324
5.38%, 05/15/25 (Call 05/15/22)(a)	USD	30		31,906
Hawaiian Brand Intellect, 5.75%, 01/20/26 (Call 01/20/24)(a)	USD	25		26,000
HCA Inc.
3.50%, 09/01/30 (Call 03/01/30)	USD	315		326,800
5.38%, 02/01/25(c)	USD	275		308,498
5.38%, 09/01/26 (Call 03/01/26)(c)	USD	125		142,317
5.63%, 09/01/28 (Call 03/01/28)	USD	215		251,802
5.88%, 05/01/23	USD	100		109,125

Security		Par (000)	Value
United States (continued)
5.88%, 02/15/26 (Call 08/15/25)(c)	USD	215	$	246,175
5.88%, 02/01/29 (Call 08/01/28)	USD	125		148,526
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 09/01/22)(a)	USD	155		169,524
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/15/22)(a)	USD	150		158,130
Hess Midstream Operations LP
5.13%, 06/15/28 (Call 06/15/23)(a)	USD	70		72,545
5.63%, 02/15/26 (Call 03/01/21)(a)	USD	100		103,411
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 10/01/25 (Call 03/01/21)(a)	USD	65		66,571
5.75%, 02/01/29 (Call 02/01/24)(a)	USD	45		45,757
6.00%, 02/01/31 (Call 02/01/26)(a)	USD	70		70,846
6.25%, 11/01/28 (Call 11/01/23)(a)	USD	75		79,138
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)(a)	USD	130		128,556
3.75%, 05/01/29 (Call 05/01/24)(a)	USD	50		50,641
4.00%, 05/01/31 (Call 05/01/26)(a)(c)	USD	125		128,506
4.88%, 01/15/30 (Call 01/15/25)	USD	180		194,139
5.13%, 05/01/26 (Call 02/04/21)	USD	165		171,055
5.38%, 05/01/25 (Call 05/01/22)(a)	USD	10		10,550
5.75%, 05/01/28 (Call 05/01/23)(a)	USD	65		70,157
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 04/01/22)	USD	75		78,422
Hologic Inc.
3.25%, 02/15/29 (Call 09/28/23)(a)	USD	75		76,219
4.63%, 02/01/28 (Call 02/01/23)(a)	USD	50		53,188
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 02/01/24)(a)	USD	40		39,824
4.38%, 02/01/31 (Call 02/01/26)(a)	USD	40		39,900
5.38%, 03/15/25 (Call 03/01/21)(a)	USD	125		128,744
5.38%, 08/01/28 (Call 08/01/23)(a)(c)	USD	90		94,950
Howmet Aerospace Inc.
5.13%, 10/01/24 (Call 07/01/24)	USD	155		170,517
6.88%, 05/01/25 (Call 04/01/25)	USD	180		209,925
HUB International Ltd., 7.00%, 05/01/26 (Call 05/01/21)(a)	USD	175		181,414
Hughes Satellite Systems Corp.
5.25%, 08/01/26	USD	95		105,336
6.63%, 08/01/26(c)	USD	100		113,105
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%, 02/01/29 (Call 08/01/28)(a)	USD	60		59,574
4.75%, 09/15/24 (Call 06/15/24)	USD	125		132,031
5.25%, 05/15/27 (Call 11/15/26)	USD	122		128,466
6.25%, 05/15/26 (Call 05/15/22)	USD	130		137,614
6.38%, 12/15/25 (Call 03/01/21)	USD	95		98,206
6.75%, 02/01/24 (Call 03/01/21)	USD	65		66,316
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 01/15/23)(a)	USD	65		66,567
5.25%, 08/15/27 (Call 08/15/22)(a)	USD	95		98,672
6.38%, 05/01/26 (Call 05/01/22)	USD	100		106,454
8.38%, 05/01/27 (Call 05/01/22)	USD	180		192,420
International Game Technology PLC
2.38%, 04/15/28 (Call 04/15/23)(b)	EUR	100		118,053
3.50%, 06/15/26 (Call 06/15/22)(b)	EUR	150		184,449
6.25%, 01/15/27 (Call 07/15/26)(a)(c)	USD	100		114,434
6.50%, 02/15/25 (Call 08/15/24)(a)	USD	200		222,019
Intrado Corp., 8.50%, 10/15/25 (Call 03/01/21)(a)(c)	USD	145		143,949
IQVIA Inc.
2.25%, 01/15/28 (Call 07/15/22)(b)	EUR	100		122,383
2.88%, 06/15/28 (Call 06/15/23)(b)	EUR	100		125,043
3.25%, 03/15/25 (Call 03/01/21)(b)	EUR	200		244,947

11

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
5.00%, 05/15/27 (Call 05/15/22)(a)	USD	200	$	210,210
IRB Holding Corp.
6.75%, 02/15/26 (Call 03/01/21)(a)	USD	50		51,625
7.00%, 06/15/25 (Call 06/15/22)(a)	USD	100		108,607
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)(a)	USD	60		61,355
4.88%, 09/15/27 (Call 09/15/22)(a)	USD	125		130,745
4.88%, 09/15/29 (Call 09/15/24)(a)	USD	125		130,000
5.00%, 07/15/28 (Call 07/15/23)(a)	USD	80		83,976
5.25%, 03/15/28 (Call 12/27/22)(a)	USD	105		110,512
5.25%, 07/15/30 (Call 07/15/25)(a)	USD	165		174,025
5.63%, 07/15/32 (Call 07/15/26)(a)	USD	75		81,115
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 02/08/21)(b)	GBP	100		139,085
iStar Inc.
4.25%, 08/01/25 (Call 05/01/25)	USD	70		69,125
4.75%, 10/01/24 (Call 07/01/24)	USD	100		102,426
5.50%, 02/15/26 (Call 08/15/22)	USD	50		50,938
Jaguar Holding Co. II/PPD Development LP
4.63%, 06/15/25 (Call 06/15/22)(a)(c)	USD	20		20,975
5.00%, 06/15/28 (Call 06/15/23)(a)	USD	100		105,938
JBS USA LUX SA/JBS USA Finance Inc., 5.75%, 06/15/25
(Call 02/16/21)(a)	USD	75		77,164
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 03/01/21)(a)	USD	50		51,049
4.88%, 12/15/27 (Call 12/15/22)(a)	USD	50		52,500
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 03/01/24)	USD	30		30,150
5.00%, 03/01/31 (Call 03/01/26)	USD	25		25,035
5.88%, 04/01/24 (Call 03/01/21)	USD	150		152,325
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC
4.75%, 06/01/27 (Call 06/01/22)(a)(c)	USD	100		105,022
5.25%, 06/01/26 (Call 06/01/21)(a)	USD	80		83,000
Kraft Heinz Foods Co.
2.00%, 06/30/23 (Call 03/30/23)(b)	EUR	100		125,729
2.25%, 05/25/28 (Call 02/25/28)(b)	EUR	150		195,607
3.00%, 06/01/26 (Call 03/01/26)(c)	USD	250		264,432
3.75%, 04/01/30 (Call 01/01/30)	USD	150		162,551
3.88%, 05/15/27 (Call 02/15/27)	USD	155		169,753
3.95%, 07/15/25 (Call 04/15/25)(c)	USD	175		190,969
4.25%, 03/01/31 (Call 12/01/30)	USD	165		185,678
4.63%, 01/30/29 (Call 10/30/28)	USD	150		171,411
L Brands Inc.
5.25%, 02/01/28	USD	115		121,914
6.63%, 10/01/30 (Call 10/01/25)(a)	USD	110		123,612
6.88%, 07/01/25 (Call 07/01/22)(a)	USD	10		10,905
7.50%, 06/15/29 (Call 06/15/24)	USD	65		73,694
9.38%, 07/01/25(a)	USD	10		12,350
LABL Escrow Issuer LLC
6.75%, 07/15/26 (Call 07/15/22)(a)(c)	USD	90		96,768
10.50%, 07/15/27 (Call 07/15/22)(a)(c)	USD	85		94,244
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 02/01/23)(a)	USD	110		105,664
5.25%, 03/15/22 (Call 09/15/21)(a)	USD	65		65,287
5.25%, 10/01/25 (Call 02/16/21)(a)	USD	4		4,000
Lamar Media Corp.
3.63%, 01/15/31 (Call 01/15/26)(a)	USD	45		45,394
3.75%, 02/15/28 (Call 02/15/23)	USD	75		76,139
4.00%, 02/15/30 (Call 02/15/25)	USD	60		61,473

Security		Par (000)		Value
United States (continued)
4.88%, 01/15/29 (Call 01/15/24)	USD	115	$	121,900
5.75%, 02/01/26 (Call 02/03/21)	USD	80		82,312
Lamb Weston Holdings Inc.
4.63%, 11/01/24 (Call 11/01/21)(a)	USD	100		104,180
4.88%, 11/01/26 (Call 11/01/21)(a)	USD	100		104,050
4.88%, 05/15/28 (Call 11/15/27)(a)	USD	60		66,432
Laredo Petroleum Inc.
9.50%, 01/15/25 (Call 01/15/22)	USD	75		64,406
10.13%, 01/15/28 (Call 01/15/23)	USD	50		43,188
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27 (Call 10/15/22)(a)	USD	200		215,296
Legacy LifePoint Health LLC
4.38%, 02/15/27 (Call 02/15/22)(a)	USD	135		137,219
6.75%, 04/15/25 (Call 04/15/22)(a)	USD	35		37,391
Level 3 Financing Inc.
3.63%, 01/15/29 (Call 01/15/24)(a)	USD	105		104,673
3.75%, 07/15/29 (Call 01/15/24)(a)	USD	115		115,855
4.25%, 07/01/28 (Call 07/01/23)(a)	USD	125		128,238
4.63%, 09/15/27 (Call 09/15/22)(a)	USD	125		130,156
5.25%, 03/15/26 (Call 03/15/21)	USD	100		103,016
5.38%, 01/15/24 (Call 02/12/21)	USD	115		114,983
5.38%, 05/01/25 (Call 03/01/21)	USD	75		77,006
Levi Strauss & Co.
3.38%, 03/15/27 (Call 03/15/22)	EUR	100		125,395
5.00%, 05/01/25 (Call 03/01/21)(c)	USD	45		46,113
Liberty Mutual Group Inc., 3.63%, 05/23/59(Call 05/23/24)(b)(e)	EUR	100		123,913
Life Time Inc.
5.75%, 01/15/26 (Call 01/15/23)(a)	USD	93		94,078
8.00%, 04/15/26 (Call 02/01/23)(a)	USD	20		20,024
Lifepoint Health Inc., 5.38%, 01/15/29 (Call 01/15/24)(a)	USD	45		45,338
Lions Gate Capital Holdings LLC
5.88%, 11/01/24 (Call 03/01/21)(a)	USD	60		61,238
6.38%, 02/01/24 (Call 03/01/21)(a)	USD	65		66,938
Lithia Motors Inc., 4.38%, 01/15/31 (Call 10/15/25)(a)	USD	65		68,802
Live Nation Entertainment Inc.
3.75%, 01/15/28 (Call 01/15/24)(a)	USD	20		20,179
4.75%, 10/15/27 (Call 10/15/22)(a)(c)	USD	175		175,722
6.50%, 05/15/27 (Call 05/15/23)(a)	USD	160		177,750
LKQ European Holdings BV, 4.13%, 04/01/28 (Call 04/01/23)(b)	EUR	100		129,856
LKQ Italia Bondco SpA, 3.88%, 04/01/24 (Call 01/01/24)(b)	EUR	100		130,425
LPL Holdings Inc.
4.63%, 11/15/27 (Call 11/15/22)(a)	USD	50		52,188
5.75%, 09/15/25 (Call 02/08/21)(a)	USD	115		118,829
Lumen Technologies Inc.
4.00%, 02/15/27 (Call 02/15/23)(a)	USD	130		134,682
4.50%, 01/15/29 (Call 01/15/24)(a)	USD	85		86,985
5.13%, 12/15/26 (Call 12/15/22)(a)(c)	USD	155		164,726
5.63%, 04/01/25 (Call 01/01/25)	USD	65		70,850
Series T, 5.80%, 03/15/22	USD	75		78,375
Series W, 6.75%, 12/01/23	USD	75		83,216
Series Y, 7.50%, 04/01/24 (Call 01/01/24)(c)	USD	125		141,067
Macy's Inc., 8.38%, 06/15/25 (Call 06/15/22)(a)	USD	175		193,812
Macy's Retail Holdings LLC, 3.63%, 06/01/24 (Call 03/01/24)(c)	USD	100		96,489
Marriott Ownership Resorts Inc., 6.13%, 09/15/25 (Call 05/15/22)(a)	USD	15		15,938

12

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Marriott Ownership Resorts Inc./ILG LLC, 6.50%, 09/15/26 (Call 09/15/21)	USD	100	$	104,016
Matador Resources Co., 5.88%, 09/15/26 (Call 09/15/21)	USD	130		124,312
Match Group Holdings II LLC
4.13%, 08/01/30 (Call 05/01/25)(a)	USD	115		118,415
4.63%, 06/01/28 (Call 06/01/23)(a)	USD	10		10,435
5.00%, 12/15/27 (Call 12/15/22)(a)	USD	75		78,916
Mattel Inc.
5.88%, 12/15/27 (Call 12/15/22)(a)	USD	110		121,031
6.75%, 12/31/25 (Call 02/08/21)(a)	USD	190		199,699
Mauser Packaging Solutions Holding Co.
4.75%, 04/15/24 (Call 03/01/21)(b)	EUR	100		120,946
5.50%, 04/15/24 (Call 03/01/21)(a)	USD	185		187,312
7.25%, 04/15/25 (Call 03/01/21)(a)	USD	170		167,886
MEDNAX Inc., 6.25%, 01/15/27 (Call 01/15/22)(a)(c)	USD	125		133,750
Meredith Corp., 6.88%, 02/01/26 (Call 03/01/21)(c)	USD	160		161,689
Meritage Homes Corp., 6.00%, 06/01/25 (Call 03/01/25)	USD	50		56,758
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc.
3.88%, 02/15/29 (Call 11/15/28)(a)	USD	40		40,602
4.50%, 09/01/26 (Call 06/01/26)	USD	65		68,875
4.63%, 06/15/25 (Call 03/15/25)(a)	USD	145		153,908
5.63%, 05/01/24 (Call 02/01/24)	USD	130		139,706
5.75%, 02/01/27 (Call 11/01/26)	USD	95		106,635
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)	USD	62		64,658
4.75%, 10/15/28 (Call 07/15/28)	USD	90		93,933
5.50%, 04/15/27 (Call 01/15/27)	USD	111		120,435
5.75%, 06/15/25 (Call 03/15/25)	USD	165		181,225
6.00%, 03/15/23	USD	155		165,623
6.75%, 05/01/25 (Call 05/01/22)	USD	50		53,513
7.75%, 03/15/22	USD	125		132,837
Microchip Technology Inc., 4.25%, 09/01/25 (Call 09/01/22)(a)	USD	155		162,306
Mohegan Gaming & Entertainment, 8.00%, 02/01/26 (Call 02/01/23)(a)	USD	135		133,357
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)(a)	USD	65		69,594
4.38%, 06/15/28 (Call 06/15/23)(a)	USD	80		83,438
5.38%, 11/15/22 (Call 08/15/22)	USD	90		95,288
Moss Creek Resources Holdings Inc.
7.50%, 01/15/26 (Call 03/01/21)(a)	USD	90		74,841
10.50%, 05/15/27 (Call 05/15/22)(a)	USD	65		57,615
MPH Acquisition Holdings LLC, 5.75%, 11/01/28 (Call 11/01/23)(a)(c)	USD	155		153,644
MPT Operating Partnership LP/MPT Finance Corp.
3.50%, 03/15/31 (Call 03/15/26)	USD	85		85,952
3.69%, 06/05/28 (Call 04/06/28)	GBP	100		148,802
4.00%, 08/19/22 (Call 05/19/22)	EUR	100		127,129
4.63%, 08/01/29 (Call 08/01/24)	USD	90		96,010
5.00%, 10/15/27 (Call 10/15/22)	USD	175		184,625
5.25%, 08/01/26 (Call 08/01/21)	USD	65		67,449
MSCI Inc.
3.63%, 09/01/30 (Call 03/01/25)(a)	USD	40		42,188
3.88%, 02/15/31 (Call 06/01/25)(a)	USD	150		160,187
4.00%, 11/15/29 (Call 11/15/24)(a)	USD	100		106,250
4.75%, 08/01/26 (Call 08/01/21)(a)	USD	65		67,316
5.38%, 05/15/27 (Call 05/15/22)(a)	USD	65		69,815
Murphy Oil Corp.
5.75%, 08/15/25 (Call 03/01/21)	USD	75		72,110

Security		Par (000)		Value
United States (continued)
5.88%, 12/01/27 (Call 12/01/22)	USD	55	$	52,289
6.88%, 08/15/24 (Call 03/01/21)	USD	50		48,938
Murphy Oil USA Inc., 3.75%, 02/15/31 (Call 02/15/26)(a)	USD	10		10,025
Nabors Industries Inc., 5.75%, 02/01/25 (Call 11/01/24)	USD	100		63,000
Nabors Industries Ltd.
7.25%, 01/15/26 (Call 07/15/22)(a)	USD	50		39,950
7.50%, 01/15/28 (Call 01/15/23)(a)	USD	50		39,094
Nationstar Mortgage Holdings Inc.
5.13%, 12/15/30 (Call 12/15/25)(a)	USD	80		83,000
5.50%, 08/15/28 (Call 08/15/23)(a)	USD	75		77,813
6.00%, 01/15/27 (Call 01/15/23)(a)	USD	110		116,402
Navient Corp.
4.87%, 03/15/28 (Call 06/15/27)	USD	45		44,910
5.00%, 03/15/27 (Call 09/15/26)	USD	65		65,998
5.50%, 01/25/23	USD	150		156,696
5.88%, 10/25/24	USD	65		69,063
6.13%, 03/25/24	USD	105		111,767
6.50%, 06/15/22	USD	100		104,728
6.75%, 06/25/25	USD	65		71,256
6.75%, 06/15/26	USD	65		71,603
7.25%, 01/25/22	USD	45		46,688
7.25%, 09/25/23	USD	65		71,527
Navistar International Corp.
6.63%, 11/01/25 (Call 02/08/21)(a)	USD	140		145,803
9.50%, 05/01/25 (Call 05/01/22)(a)	USD	80		88,952
NCL Corp. Ltd.
5.88%, 03/15/26 (Call 12/15/25)(a)	USD	110		108,762
10.25%, 02/01/26 (Call 08/01/23)(a)	USD	85		98,600
12.25%, 05/15/24 (Call 02/15/24)(a)(c)	USD	115		134,550
NCR Corp.
5.00%, 10/01/28 (Call 10/01/23)(a)(c)	USD	95		97,612
5.25%, 10/01/30 (Call 10/01/25)(a)(c)	USD	20		20,900
5.75%, 09/01/27 (Call 09/01/22)(a)	USD	65		68,302
6.13%, 09/01/29 (Call 09/01/24)(a)(c)	USD	65		70,417
8.13%, 04/15/25 (Call 04/15/22)(a)(c)	USD	25		27,393
Netflix Inc.
3.00%, 06/15/25 (Call 03/15/25)(b)	EUR	100		132,570
3.63%, 06/15/25 (Call 03/15/25)(a)	USD	25		27,088
3.63%, 05/15/27	EUR	100		140,675
3.63%, 06/15/30 (Call 03/15/30)(b)	EUR	200		294,394
3.88%, 11/15/29(b)	EUR	100		148,304
4.38%, 11/15/26(c)	USD	125		142,975
4.63%, 05/15/29	EUR	100		154,380
4.88%, 04/15/28	USD	175		205,135
4.88%, 06/15/30 (Call 03/15/30)(a)	USD	125		151,875
5.38%, 11/15/29(a)	USD	90		111,880
5.50%, 02/15/22	USD	75		78,469
5.75%, 03/01/24	USD	50		56,740
5.88%, 02/15/25(c)	USD	100		116,233
5.88%, 11/15/28	USD	190		237,535
6.38%, 05/15/29	USD	100		129,021
New Fortress Energy Inc., 6.75%, 09/15/25 (Call 09/15/22)(a)	USD	150		155,380
Newell Brands Inc.
4.35%, 04/01/23 (Call 02/01/23)(c)	USD	100		105,310
4.70%, 04/01/26 (Call 01/01/26)	USD	250		275,215
4.88%, 06/01/25 (Call 05/01/25)	USD	90		99,086
Nexstar Broadcasting Inc.
4.75%, 11/01/28 (Call 11/01/23)(a)	USD	75		77,258
5.63%, 07/15/27 (Call 07/15/22)(a)	USD	250		265,365

13

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)(a)	USD	65	$	69,154
4.25%, 07/15/24 (Call 04/15/24)(a)	USD	45		47,705
4.50%, 09/15/27 (Call 06/15/27)(a)	USD	65		72,150
NFP Corp., 6.88%, 08/15/28 (Call 08/15/23)(a)	USD	180		189,432
NGL Energy Operating LLC/NGL Energy Finance Corp.,
7.50%, 02/01/26 (Call 02/01/23)(a)	USD	115		116,725
NGL Energy Partners LP/NGL Energy Finance Corp.
7.50%, 11/01/23 (Call 03/01/21)	USD	80		73,883
7.50%, 04/15/26 (Call 04/15/22)(c)	USD	70		54,142
Nielsen Co Luxembourg SARL (The), 5.00%, 02/01/25 (Call 03/01/21)(a)	USD	65		66,788
Nielsen Finance LLC/Nielsen Finance Co.
5.00%, 04/15/22 (Call 03/01/21)(a)	USD	86		86,172
5.63%, 10/01/28 (Call 10/01/23)(a)	USD	120		128,364
5.88%, 10/01/30 (Call 10/01/25)(a)	USD	70		77,721
NortonLifeLock Inc.
3.95%, 06/15/22 (Call 03/15/22)	USD	50		51,273
5.00%, 04/15/25 (Call 02/08/21)(a)	USD	140		142,264
Novelis Corp.
4.75%, 01/30/30 (Call 01/30/25)(a)	USD	220		230,974
5.88%, 09/30/26 (Call 09/30/21)(a)	USD	190		199,262
NRG Energy Inc.
3.38%, 02/15/29 (Call 02/15/24)(a)	USD	15		15,361
3.63%, 02/15/31 (Call 02/15/26)(a)	USD	120		124,800
5.25%, 06/15/29 (Call 06/15/24)(a)(c)	USD	90		99,273
5.75%, 01/15/28 (Call 01/15/23)	USD	105		113,962
6.63%, 01/15/27 (Call 07/15/21)	USD	155		162,750
7.25%, 05/15/26 (Call 05/15/21)	USD	125		131,061
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)	USD	65		68,250
5.75%, 10/01/25 (Call 07/01/25)	USD	85		90,442
6.00%, 06/01/26 (Call 03/01/26)	USD	90		95,661
6.38%, 10/01/30 (Call 04/01/30)	USD	55		60,638
Occidental Petroleum Corp.
2.70%, 02/15/23 (Call 11/15/22)	USD	25		24,714
2.90%, 08/15/24 (Call 07/15/24)	USD	275		266,242
3.20%, 08/15/26 (Call 06/15/26)	USD	150		141,613
3.40%, 04/15/26 (Call 01/15/26)	USD	150		143,662
3.50%, 06/15/25 (Call 03/15/25)	USD	100		97,002
3.50%, 08/15/29 (Call 05/15/29)	USD	200		185,574
5.50%, 12/01/25 (Call 09/01/25)	USD	45		46,913
5.55%, 03/15/26 (Call 12/15/25)(c)	USD	200		209,578
5.88%, 09/01/25 (Call 06/01/25)(c)	USD	85		89,225
6.13%, 01/01/31 (Call 07/01/30)(c)	USD	100		108,782
6.38%, 09/01/28 (Call 03/01/28)	USD	90		96,986
6.63%, 09/01/30 (Call 03/01/30)(c)	USD	140		158,099
7.50%, 05/01/31	USD	100		115,250
7.88%, 09/15/31	USD	50		57,288
8.00%, 07/15/25 (Call 04/15/25)(c)	USD	155		174,995
8.50%, 07/15/27 (Call 01/15/27)	USD	190		223,193
8.88%, 07/15/30 (Call 01/15/30)	USD	100		125,625
OI European Group BV, 3.13%, 11/15/24 (Call 08/15/24)(b)	EUR	100		125,569
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)	USD	65		68,166
5.13%, 09/15/27 (Call 03/15/22)	USD	90		93,545
5.63%, 08/01/29 (Call 08/01/24)	USD	95		101,650
9.50%, 06/01/25 (Call 03/01/25)(a)	USD	40		49,750

Security		Par (000)		Value
United States (continued)
OneMain Finance Corp.
4.00%, 09/15/30 (Call 09/15/25)	USD	65	$	65,469
5.38%, 11/15/29 (Call 05/15/29)	USD	100		110,125
5.63%, 03/15/23	USD	100		107,189
6.13%, 05/15/22	USD	75		79,196
6.13%, 03/15/24 (Call 09/15/23)	USD	165		180,315
6.63%, 01/15/28 (Call 07/15/27)(c)	USD	100		116,975
6.88%, 03/15/25	USD	155		177,862
7.13%, 03/15/26(c)	USD	175		205,218
8.88%, 06/01/25 (Call 06/01/22)	USD	75		83,858
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA
7.25%, 02/01/28 (Call 02/01/23)(a)	USD	125		134,344
7.38%, 06/01/25 (Call 06/01/22)(a)	USD	45		48,255
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.25%, 01/15/29 (Call 01/15/24)(a)	USD	40		39,700
4.63%, 03/15/30 (Call 03/15/25)(a)	USD	65		65,058
5.00%, 08/15/27 (Call 08/15/22)(a)(c)	USD	80		82,475
5.63%, 02/15/24 (Call 02/16/21)	USD	50		50,525
6.25%, 06/15/25 (Call 06/15/22)(a)(c)	USD	80		84,900
Ovintiv Exploration Inc.
5.38%, 01/01/26 (Call 10/01/25)	USD	75		81,878
5.63%, 07/01/24	USD	75		81,431
Owens-Brockway Glass Container Inc.
5.88%, 08/15/23(a)	USD	90		96,412
6.63%, 05/13/27 (Call 05/15/23)(a)	USD	90		97,452
Par Pharmaceutical Inc., 7.50%, 04/01/27 (Call 04/01/22)(a)	USD	351		377,859
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer, 5.88%, 10/01/28 (Call 10/01/23)(a)	USD	80		84,318
Parsley Energy LLC/Parsley Finance Corp., 5.63%,
10/15/27 (Call 10/15/22)(a)(c)	USD	65		71,598
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28 (Call 02/15/23)	USD	110		63,874
7.25%, 06/15/25 (Call 03/01/21)	USD	75		49,650
9.25%, 05/15/25 (Call 05/15/22)(a)	USD	125		120,469
PDC Energy Inc.
5.75%, 05/15/26 (Call 05/15/21)(c)	USD	125		127,331
6.13%, 09/15/24 (Call 03/01/21)	USD	50		50,963
Penske Automotive Group Inc.
3.50%, 09/01/25 (Call 09/01/22)(c)	USD	70		71,579
5.50%, 05/15/26 (Call 05/15/21)	USD	60		62,373
Performance Food Group Inc., 5.50%, 10/15/27 (Call 10/15/22)(a)	USD	135		142,087
PetSmart Inc.
5.88%, 06/01/25 (Call 03/01/21)(a)	USD	167		171,300
7.13%, 03/15/23 (Call 03/01/21)(a)	USD	190		190,522
8.88%, 06/01/25 (Call 02/08/21)(a)	USD	80		83,450
PG&E Corp.
5.00%, 07/01/28 (Call 07/01/23)	USD	100		107,419
5.25%, 07/01/30 (Call 07/01/25)	USD	145		159,500
Photo Holdings Merger Sub Inc., 8.50%, 10/01/26 (Call 10/01/22)(a)	USD	100		106,000
Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 06/15/22)(a)	USD	45		48,102
Pilgrim's Pride Corp.
5.75%, 03/15/25 (Call 03/01/21)(a)	USD	125		127,777
5.88%, 09/30/27 (Call 09/30/22)(a)	USD	80		85,236

14

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Post Holdings Inc.
4.63%, 04/15/30 (Call 04/15/25)(a)	USD	205	$	213,503
5.00%, 08/15/26 (Call 08/15/21)(a)	USD	115		118,881
5.50%, 12/15/29 (Call 12/15/24)(a)(c)	USD	95		103,191
5.63%, 01/15/28 (Call 12/01/22)(a)	USD	120		127,500
5.75%, 03/01/27 (Call 03/01/22)(a)	USD	165		173,044
Prestige Brands Inc.
5.13%, 01/15/28 (Call 01/15/23)(a)	USD	50		53,203
6.38%, 03/01/24 (Call 03/01/21)(a)(c)	USD	75		76,500
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)(a)	USD	95		93,650
5.25%, 04/15/24(a)	USD	95		101,015
5.75%, 04/15/26(a)(c)	USD	160		175,168
6.25%, 01/15/28 (Call 01/15/23)(a)	USD	135		143,425
Primo Water Holdings Inc., 3.88%, 10/31/28 (Call 10/31/23)(b)	EUR	100		124,196
PTC Inc.
3.63%, 02/15/25 (Call 02/15/22)(a)	USD	90		92,397
4.00%, 02/15/28 (Call 02/15/23)(a)(c)	USD	65		67,519
QEP Resources Inc.
5.25%, 05/01/23 (Call 02/01/23)	USD	75		79,031
5.38%, 10/01/22 (Call 07/01/22)	USD	65		67,677
5.63%, 03/01/26 (Call 12/01/25)	USD	65		72,482
Qorvo Inc.
3.38%, 04/01/31 (Call 04/01/26)(a)	USD	35		35,831
4.38%, 10/15/29 (Call 10/15/24)	USD	150		163,725
Quicken Loans LLC, 5.25%, 01/15/28 (Call 01/15/23)(a)(c)	USD	125		133,331
Quicken Loans LLC/Quicken Loans Co-Issuer Inc.
3.63%, 03/01/29 (Call 03/01/24)(a)	USD	45		45,077
3.88%, 03/01/31 (Call 03/01/26)(a)	USD	180		182,475
QVC Inc.
4.38%, 03/15/23	USD	70		73,753
4.38%, 09/01/28 (Call 06/01/28)	USD	65		67,652
4.45%, 02/15/25 (Call 11/15/24)	USD	75		80,452
4.75%, 02/15/27 (Call 11/15/26)	USD	70		75,049
4.85%, 04/01/24	USD	75		81,537
Radian Group Inc.
4.50%, 10/01/24 (Call 07/01/24)	USD	75		78,872
4.88%, 03/15/27 (Call 09/15/26)	USD	50		54,091
6.63%, 03/15/25 (Call 09/15/24)	USD	95		107,112
Radiate Holdco LLC/Radiate Finance Inc.
4.50%, 09/15/26 (Call 09/15/23)(a)	USD	90		91,834
6.50%, 09/15/28 (Call 09/15/23)(a)	USD	80		84,067
Range Resources Corp.
4.88%, 05/15/25 (Call 02/15/25)	USD	95		93,117
5.00%, 03/15/23 (Call 12/15/22)(c)	USD	90		90,423
8.25%, 01/15/29 (Call 01/15/24)(a)	USD	55		57,750
9.25%, 02/01/26 (Call 02/01/22)	USD	85		92,526
Realogy Group LLC/Realogy Co-Issuer Corp.
4.88%, 06/01/23 (Call 03/01/23)(a)	USD	50		51,772
5.75%, 01/15/29 (Call 01/15/24)(a)	USD	70		71,750
7.63%, 06/15/25 (Call 06/15/22)(a)	USD	90		97,881
9.38%, 04/01/27 (Call 04/01/22)(a)	USD	65		71,890
Refinitiv U.S. Holdings Inc., 4.50%, 05/15/26 (Call 11/15/21)(b)	EUR	100		127,322
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 12/01/21)(a)	USD	180		196,614
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu, 4.00%, 10/15/27 (Call 10/15/23)(a)	USD	125		125,900

Security		Par (000)		Value
United States (continued)
RHP Hotel Properties LP/RHP Finance Corp., 4.75%, 10/15/27 (Call 10/15/22)	USD	105	$	107,100
Rite Aid Corp.
7.50%, 07/01/25 (Call 07/01/22)(a)	USD	77		81,547
8.00%, 11/15/26 (Call 01/15/23)(a)	USD	114		122,550
Rockies Express Pipeline LLC, 4.95%, 07/15/29(Call 04/15/29)(a)	USD	50		53,763
RP Escrow Issuer LLC, 5.25%, 12/15/25 (Call 12/15/22)(a)	USD	95		98,562
Sabre GLBL Inc.
7.38%, 09/01/25 (Call 09/01/22)(a)	USD	80		86,110
9.25%, 04/15/25 (Call 03/16/25)(a)	USD	90		106,780
Sally Holdings LLC/Sally Capital Inc., 5.63%, 12/01/25 (Call 03/01/21)	USD	50		51,531
SBA Communications Corp.
3.13%, 02/01/29 (Call 02/01/24)(a)	USD	165		164,587
3.88%, 02/15/27 (Call 02/15/23)	USD	200		208,362
4.00%, 10/01/22 (Call 02/11/21)	USD	95		95,988
4.88%, 09/01/24 (Call 03/01/21)	USD	140		143,725
Scientific Games International Inc.
3.38%, 02/15/26 (Call 03/01/21)(b)	EUR	100		120,319
5.00%, 10/15/25 (Call 03/01/21)(a)	USD	155		159,662
7.00%, 05/15/28 (Call 05/15/23)(a)(c)	USD	85		90,046
7.25%, 11/15/29 (Call 11/15/24)(a)	USD	65		70,038
8.25%, 03/15/26 (Call 03/15/22)(a)	USD	135		142,977
8.63%, 07/01/25 (Call 07/01/22)(a)	USD	60		64,821
Scripps Escrow II Inc.
3.88%, 01/15/29 (Call 01/15/24)(a)	USD	70		70,092
5.38%, 01/15/31 (Call 01/15/26)(a)	USD	70		70,700
Seagate HDD Cayman
3.13%, 07/15/29 (Call 01/15/24)(a)	USD	50		48,526
3.38%, 07/15/31 (Call 01/15/26)(a)	USD	55		53,350
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)(a)	USD	55		58,438
4.88%, 12/01/22 (Call 09/01/22)(a)	USD	55		57,753
5.13%, 12/01/24 (Call 09/01/24)(a)	USD	30		33,069
5.25%, 04/01/23 (Call 01/01/23)(a)	USD	50		53,034
5.50%, 09/15/25 (Call 06/15/25)(a)	USD	50		55,625
Select Medical Corp., 6.25%, 08/15/26 (Call 08/15/22)(a)	USD	205		219,042
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	30		30,825
4.38%, 02/15/30 (Call 11/15/29)(a)	USD	55		59,263
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)	USD	75		76,109
4.63%, 12/15/27 (Call 12/15/22)	USD	75		79,940
5.13%, 06/01/29 (Call 06/01/24)	USD	100		109,470
Service Properties Trust
3.95%, 01/15/28 (Call 07/15/27)	USD	50		45,821
4.35%, 10/01/24 (Call 09/01/24)	USD	100		98,205
4.38%, 02/15/30 (Call 08/15/29)(c)	USD	50		45,619
4.75%, 10/01/26 (Call 08/01/26)	USD	50		48,568
4.95%, 02/15/27 (Call 08/15/26)(c)	USD	25		24,135
4.95%, 10/01/29 (Call 07/01/29)(c)	USD	50		47,386
5.50%, 12/15/27 (Call 09/15/27)	USD	65		69,152
7.50%, 09/15/25 (Call 06/15/25)	USD	90		101,344
Signature Aviation U.S. Holdings Inc.
4.00%, 03/01/28 (Call 03/01/23)(a)	USD	80		81,576
5.38%, 05/01/26 (Call 05/01/21)(a)	USD	65		66,606
Silgan Holdings Inc., 3.25%, 03/15/25 (Call 03/01/21)	EUR	100		122,362
Sinclair Television Group Inc.
4.13%, 12/01/30 (Call 12/01/25)(a)	USD	80		79,757

15

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
5.13%, 02/15/27 (Call 08/15/21)(a)(c)	USD	75	$	75,750
5.50%, 03/01/30 (Call 12/01/24)(a)	USD	65		67,158
Sirius XM Radio Inc.
4.13%, 07/01/30 (Call 07/01/25)(a)	USD	170		175,312
4.63%, 07/15/24 (Call 07/15/21)(a)	USD	190		196,452
5.00%, 08/01/27 (Call 08/01/22)(a)	USD	190		199,737
5.38%, 07/15/26 (Call 07/15/21)(a)(c)	USD	225		234,159
5.50%, 07/01/29 (Call 07/01/24)(a)	USD	155		168,950
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 03/01/21)(a)	USD	125		124,062
5.50%, 04/15/27 (Call 04/15/22)(a)(c)	USD	65		65,569
Six Flags Theme Parks Inc., 7.00%, 07/01/25 (Call 07/01/22)(a)	USD	35		37,663
SM Energy Co., 10.00%, 01/15/25 (Call 06/17/22)(a)	USD	205		227,037
Solera LLC/Solera Finance Inc., 10.50%, 03/01/24 (Call 03/01/21)(a)	USD	230		236,658
Southwestern Energy Co.
6.45%, 01/23/25 (Call 10/23/24)(c)	USD	115		119,887
7.50%, 04/01/26 (Call 04/01/21)(c)	USD	80		83,724
7.75%, 10/01/27 (Call 10/01/22)(c)	USD	40		42,200
Spectrum Brands Inc.
4.00%, 10/01/26 (Call 10/01/21)(b)	EUR	100		125,366
5.75%, 07/15/25 (Call 03/01/21)	USD	125		129,006
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)(c)	USD	75		72,094
5.50%, 01/15/25 (Call 10/15/22)(a)	USD	15		15,750
7.50%, 04/15/25 (Call 04/15/22)(a)	USD	150		160,906
Sprint Communications Inc., 6.00%, 11/15/22	USD	285		306,817
Sprint Corp.
7.13%, 06/15/24	USD	290		337,792
7.63%, 02/15/25 (Call 11/15/24)	USD	190		227,216
7.63%, 03/01/26 (Call 11/01/25)	USD	165		203,362
7.88%, 09/15/23	USD	485		560,175
SS&C Technologies Inc., 5.50%, 09/30/27(Call 03/30/22)(a)	USD	275		291,449
SSL Robotics LLC, 9.75%, 12/31/23 (Call 12/15/21)(a)	USD	125		140,646
Standard Industries Inc./NJ
2.25%, 11/21/26 (Call 08/21/26)(b)	EUR	100		123,078
3.38%, 01/15/31 (Call 07/15/25)(a)	USD	60		59,187
4.38%, 07/15/30 (Call 07/15/25)(a)	USD	160		169,800
4.75%, 01/15/28 (Call 01/15/23)(a)	USD	175		184,088
5.00%, 02/15/27 (Call 02/15/22)(a)(c)	USD	85		88,719
Staples Inc.
7.50%, 04/15/26 (Call 04/15/22)(a)	USD	250		254,460
10.75%, 04/15/27 (Call 04/15/22)(a)(c)	USD	125		121,287
Starwood Property Trust Inc., 4.75%, 03/15/25 (Call 09/15/24)	USD	65		65,051
Station Casinos LLC, 4.50%, 02/15/28 (Call 02/15/23)(a)	USD	125		122,812
Stericycle Inc., 3.88%, 01/15/29 (Call 11/15/23)(a)	USD	10		10,275
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.50%, 06/01/24 (Call 03/01/21)	USD	75		76,313
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 (Call 07/15/23)(a)	USD	65		68,413
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29 (Call 05/15/24)(a)	USD	85		86,947
5.50%, 02/15/26 (Call 03/01/21)	USD	100		102,975
5.88%, 03/15/28 (Call 03/15/23)	USD	50		53,152
6.00%, 04/15/27 (Call 04/15/22)	USD	75		79,406
Talen Energy Supply LLC6.50%, 06/01/25 (Call 03/01/21)	USD	70		55,607

Security		Par (000)		Value
United States (continued)
6.63%, 01/15/28 (Call 01/15/23)(a)	USD	85	$	88,876
7.25%, 05/15/27 (Call 05/15/22)(a)	USD	95		100,462
7.63%, 06/01/28 (Call 06/01/23)(a)	USD	15		16,163
10.50%, 01/15/26 (Call 01/15/22)(a)	USD	75		69,000
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
5.50%, 09/15/24 (Call 03/01/21)(a)	USD	60		61,082
5.50%, 01/15/28 (Call 01/15/23)(a)	USD	95		94,820
6.00%, 03/01/27 (Call 03/01/23)(a)	USD	55		55,802
6.00%, 12/31/30 (Call 12/31/25)(a)	USD	65		65,320
7.50%, 10/01/25 (Call 10/01/22)(a)	USD	50		53,256
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.00%, 01/15/32 (Call 07/15/26)(a)	USD	60		59,400
4.25%, 11/15/23 (Call 03/01/21)	USD	75		75,563
4.88%, 02/01/31 (Call 02/01/26)(a)	USD	100		104,437
5.00%, 01/15/28 (Call 01/15/23)	USD	90		93,178
5.13%, 02/01/25 (Call 02/18/21)	USD	50		51,387
5.38%, 02/01/27 (Call 02/01/22)	USD	65		67,175
5.50%, 03/01/30 (Call 03/01/25)	USD	100		106,273
5.88%, 04/15/26 (Call 04/15/21)(c)	USD	125		130,939
6.50%, 07/15/27 (Call 07/15/22)	USD	95		102,375
6.88%, 01/15/29 (Call 01/15/24)	USD	50		55,188
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(a)	USD	75		82,500
5.75%, 01/15/28 (Call 10/15/27)(a)(c)	USD	55		62,281
5.88%, 06/15/27 (Call 03/15/27)(a)	USD	65		73,554
TEGNA Inc.
4.63%, 03/15/28 (Call 03/15/23)(a)	USD	100		101,243
4.75%, 03/15/26 (Call 03/15/23)(a)	USD	30		31,800
5.00%, 09/15/29 (Call 09/15/24)	USD	145		150,581
Teleflex Inc., 4.25%, 06/01/28 (Call 06/01/23)(a)	USD	110		115,547
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25 (Call 02/08/21)(a)	USD	125		128,594
Tenet Healthcare Corp.
4.63%, 07/15/24 (Call 03/01/21)	USD	235		239,359
4.63%, 09/01/24 (Call 09/01/21)(a)	USD	75		77,193
4.63%, 06/15/28 (Call 06/15/23)(a)	USD	65		68,118
4.88%, 01/01/26 (Call 03/01/22)(a)	USD	265		276,429
5.13%, 05/01/25 (Call 03/01/21)	USD	175		177,245
5.13%, 11/01/27 (Call 11/01/22)(a)	USD	285		300,448
6.13%, 10/01/28 (Call 10/01/23)(a)	USD	250		261,557
6.25%, 02/01/27 (Call 02/01/22)(a)	USD	210		221,149
6.75%, 06/15/23	USD	185		200,721
7.00%, 08/01/25 (Call 03/01/21)(c)	USD	60		62,175
7.50%, 04/01/25 (Call 04/01/22)(a)(c)	USD	25		27,047
Tenneco Inc.
5.00%, 07/15/24 (Call 03/01/21)(b)	EUR	100		124,009
5.00%, 07/15/26 (Call 07/15/21)	USD	60		55,350
7.88%, 01/15/29 (Call 01/15/24)(a)	USD	60		67,613
TerraForm Power Operating LLC
4.25%, 01/31/23 (Call 10/31/22)(a)	USD	65		67,002
4.75%, 01/15/30 (Call 01/15/25)(a)	USD	85		91,239
5.00%, 01/31/28 (Call 07/31/27)(a)	USD	75		83,243
Terrier Media Buyer Inc., 8.88%, 12/15/27 (Call 12/15/22)(a)	USD	105		113,531
Tesla Inc., 5.30%, 08/15/25 (Call 03/01/21)(a)	USD	225		234,214
T-Mobile USA Inc.
2.25%, 02/15/26 (Call 02/15/23)	USD	100		101,054
2.63%, 02/15/29 (Call 02/15/24)	USD	120		120,436

16

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
2.88%, 02/15/31 (Call 02/15/26)	USD	87	$	87,707
4.00%, 04/15/22 (Call 03/16/22)	USD	65		67,014
4.50%, 02/01/26 (Call 02/08/21)	USD	225		230,175
4.75%, 02/01/28 (Call 02/01/23)	USD	190		202,939
5.13%, 04/15/25 (Call 02/08/21)	USD	65		66,219
5.38%, 04/15/27 (Call 04/15/22)	USD	65		69,237
6.00%, 04/15/24 (Call 02/08/21)	USD	125		126,294
6.50%, 01/15/26 (Call 02/08/21)	USD	100		103,064
Toll Brothers Finance Corp.
3.80%, 11/01/29 (Call 08/01/29)(c)	USD	50		54,375
4.35%, 02/15/28 (Call 11/15/27)(c)	USD	50		55,283
4.38%, 04/15/23 (Call 01/15/23)	USD	25		26,461
4.88%, 03/15/27 (Call 12/15/26)	USD	55		63,174
5.88%, 02/15/22 (Call 11/15/21)	USD	50		52,000
TransDigm Inc.
4.63%, 01/15/29 (Call 01/15/24)(a)	USD	115		114,137
5.50%, 11/15/27 (Call 11/15/22)	USD	335		344,279
6.25%, 03/15/26 (Call 03/15/22)(a)	USD	505		534,138
6.38%, 06/15/26 (Call 06/15/21)(c)	USD	145		149,979
6.50%, 07/15/24 (Call 02/14/21)	USD	150		152,482
6.50%, 05/15/25 (Call 03/01/21)	USD	95		97,439
7.50%, 03/15/27 (Call 03/15/22)	USD	75		79,915
8.00%, 12/15/25 (Call 04/08/22)(a)	USD	105		114,691
Transocean Guardian Ltd., 5.88%, 01/15/24 (Call 07/15/21)(a)	USD	73		64,399
Transocean Inc., 11.50%, 01/30/27 (Call 07/30/23)(a)	USD	50		39,187
Transocean Pontus Ltd., 6.13%, 08/01/25 (Call 08/01/21)(a)	USD	136		128,624
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/01/22)(a)	USD	70		64,268
Transocean Proteus Ltd., 6.25%, 12/01/24 (Call 03/01/21)(a)	USD	45		42,001
Transocean Sentry Ltd., 5.38%, 05/15/23 (Call 05/16/21)(a)	USD	48		43,950
TreeHouse Foods Inc., 4.00%, 09/01/28 (Call 09/01/23)	USD	70		70,914
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24	USD	50		54,813
Triumph Group Inc.
6.25%, 09/15/24 (Call 03/01/21)(a)(c)	USD	50		49,500
7.75%, 08/15/25 (Call 03/01/21)(c)	USD	67		62,813
8.88%, 06/01/24 (Call 02/01/23)(a)	USD	43		47,380
Tronox Finance PLC, 5.75%, 10/01/25 (Call 03/01/21)(a)	USD	80		82,978
Tronox Inc.
6.50%, 05/01/25 (Call 05/01/22)(a)	USD	60		64,350
6.50%, 04/15/26 (Call 04/15/21)(a)	USD	75		77,438
U.S. Foods Inc.
4.75%, 02/15/29 (Call 02/15/24)(a)	USD	30		30,113
6.25%, 04/15/25 (Call 04/15/22)(a)(c)	USD	135		143,728
U.S. Steel Corp.
6.25%, 03/15/26 (Call 03/15/21)(c)	USD	80		77,040
6.88%, 08/15/25 (Call 03/01/21)	USD	95		93,931
Uber Technologies Inc.
6.25%, 01/15/28 (Call 09/15/23)(a)	USD	50		53,654
7.50%, 05/15/25 (Call 05/15/22)(a)	USD	115		123,343
7.50%, 09/15/27 (Call 09/15/22)(a)	USD	150		164,251
8.00%, 11/01/26 (Call 11/01/21)(a)	USD	165		178,406
UGI International LLC, 3.25%, 11/01/25 (Call 11/01/21)(b)	EUR	100		124,244
United Airlines Holdings Inc., 4.25%, 10/01/22(c)	USD	50		50,000
United Rentals North America Inc. 3.88%, 11/15/27 (Call 11/15/22)	USD	108		113,477

Security		Par (000)		Value
United States (continued)
3.88%, 02/15/31 (Call 08/15/25)(c)	USD	125	$	130,625
4.00%, 07/15/30 (Call 07/15/25)	USD	95		100,137
4.88%, 01/15/28 (Call 01/15/23)	USD	135		143,640
5.25%, 01/15/30 (Call 01/15/25)	USD	75		83,025
5.50%, 05/15/27 (Call 05/15/22)(c)	USD	125		133,733
5.88%, 09/15/26 (Call 09/15/21)	USD	125		131,712
United States Steel Corp., 12.00%, 06/01/25 (Call 06/01/22)(a)	USD	120		139,823
Uniti Group LP / Uniti Group Finance Inc. / CSL Capital LLC, 6.50%, 02/15/29 (Call 02/15/24)(a)	USD	20		20,100
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC 7.13%, 12/15/24 (Call 03/01/21)(a)	USD	100		103,125
7.88%, 02/15/25 (Call 02/15/22)(a)	USD	235		252,625
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
6.00%, 04/15/23 (Call 03/01/21)(a)	USD	70		71,488
8.25%, 10/15/23 (Call 03/01/21)	USD	140		142,125
Univision Communications Inc.
5.13%, 02/15/25 (Call 02/08/21)(a)	USD	185		185,694
6.63%, 06/01/27 (Call 06/01/23)(a)	USD	190		200,197
USA Compression Partners LP/USA Compression
Finance Corp.
6.88%, 04/01/26 (Call 04/01/21)	USD	115		120,198
6.88%, 09/01/27 (Call 09/01/22)	USD	70		74,200
Valvoline Inc.
3.63%, 06/15/31 (Call 06/15/26)(a)	USD	40		40,233
4.25%, 02/15/30 (Call 02/15/25)(a)	USD	85		89,125
Vector Group Ltd.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD	60		61,940
6.13%, 02/01/25 (Call 02/01/21)(a)	USD	105		106,606
10.50%, 11/01/26 (Call 11/01/21)(a)	USD	70		74,813
Vericast Corp., 8.38%, 08/15/22 (Call 03/01/21)(a)	USD	100		101,000
VeriSign Inc.
4.63%, 05/01/23 (Call 03/01/21)(c)	USD	100		100,858
4.75%, 07/15/27 (Call 07/15/22)	USD	70		74,335
5.25%, 04/01/25 (Call 01/01/25)	USD	65		73,596
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 (Call 09/01/21)(a)	USD	340		350,200
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 08/15/21)(a)	USD	140		151,018
ViacomCBS Inc.
5.88%, 02/28/57 (Call 02/28/22)(e)	USD	105		107,893
6.25%, 02/28/57 (Call 02/28/27)(e)	USD	80		89,384
ViaSat Inc.
5.63%, 09/15/25 (Call 02/08/21)(a)	USD	90		91,940
5.63%, 04/15/27 (Call 04/15/22)(a)(c)	USD	75		79,031
6.50%, 07/15/28 (Call 07/15/23)(a)(c)	USD	30		32,400
VICI Properties LP/VICI Note Co. Inc.
3.50%, 02/15/25 (Call 02/15/22)(a)	USD	100		101,724
3.75%, 02/15/27 (Call 02/15/23)(a)	USD	145		147,818
4.13%, 08/15/30 (Call 02/15/25)(a)	USD	125		130,312
4.25%, 12/01/26 (Call 12/01/22)(a)	USD	125		129,531
4.63%, 12/01/29 (Call 12/01/24)(a)	USD	125		133,280
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 09/15/22)(a)	USD	105		100,537
13.00%, 05/15/25 (Call 05/15/22)(a)	USD	90		104,872
Vistra Operations Co. LLC
5.00%, 07/31/27 (Call 07/31/22)(a)	USD	155		163,323
5.50%, 09/01/26 (Call 09/01/21)(a)	USD	150		156,142
5.63%, 02/15/27 (Call 02/15/22)(a)	USD	195		206,271
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/23)(a)	USD	85		82,663

17

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Weatherford International Ltd., 11.00%, 12/01/24 (Call 12/01/21)(a)	USD	240	$	205,800
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 06/15/22)(a)	USD	80		87,120
7.25%, 06/15/28 (Call 06/15/23)(a)(c)	USD	205		229,935
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25)(c)	USD	240		265,901
Western Midstream Operating LP
3.95%, 06/01/25 (Call 03/01/25)	USD	50		50,997
4.10%, 02/01/25 (Call 01/01/25)	USD	125		129,531
4.50%, 03/01/28 (Call 12/01/27)	USD	50		51,823
4.65%, 07/01/26 (Call 04/01/26)	USD	50		52,525
4.75%, 08/15/28 (Call 05/15/28)	USD	50		52,875
5.05%, 02/01/30 (Call 11/01/29)	USD	150		165,082
William Carter Co. (The)
5.50%, 05/15/25 (Call 05/15/22)(a)	USD	90		95,737
5.63%, 03/15/27 (Call 03/15/22)(a)	USD	75		79,194
Williams Scotsman International Inc., 4.63%, 08/15/28 (Call 08/15/23)(a)	USD	55		56,860
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 08/15/23)(a)	USD	155		156,658
WMG Acquisition Corp.
2.75%, 07/15/28 (Call 07/15/23)(b)	EUR	100		125,229
3.00%, 02/15/31 (Call 02/15/26)(a)	USD	40		38,900
Wolverine Escrow LLC
8.50%, 11/15/24 (Call 11/15/21)(a)	USD	74		70,763
9.00%, 11/15/26 (Call 11/15/22)(a)	USD	114		108,585
13.13%, 11/15/27 (Call 11/15/22)(a)(c)	USD	40		33,840
WPX Energy Inc.
4.50%, 01/15/30 (Call 01/15/25)	USD	100		106,062
5.25%, 09/15/24 (Call 06/15/24)	USD	80		88,900
5.25%, 10/15/27 (Call 10/15/22)	USD	90		94,945
5.75%, 06/01/26 (Call 06/01/21)	USD	65		68,291
5.88%, 06/15/28 (Call 06/15/23)	USD	12		13,012
WR Grace & Co-Conn, 4.88%, 06/15/27 (Call 06/15/23)(a)	USD	120		125,956
Wyndham Destinations Inc.
3.90%, 03/01/23 (Call 12/01/22)	USD	138		141,674
4.25%, 03/01/22 (Call 12/01/21)	USD	81		82,214
6.00%, 04/01/27 (Call 01/01/27)	USD	50		55,355
6.63%, 07/31/26 (Call 04/30/26)(a)	USD	35		39,033
Wyndham Hotels & Resorts Inc., 4.38%, 08/15/28 (Call 08/15/23)(a)	USD	70		70,953
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)(a)	USD	65		65,620
5.25%, 05/15/27 (Call 02/15/27)(a)(c)	USD	130		131,980
5.50%, 03/01/25 (Call 12/01/24)(a)	USD	225		232,350
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
5.13%, 10/01/29 (Call 07/01/29)(a)	USD	100		102,023
7.75%, 04/15/25 (Call 04/15/22)(a)	USD	100		107,375
Xerox Corp., 4.38%, 03/15/23 (Call 02/15/23)	USD	175		184,100
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)(a)	USD	75		78,521
5.50%, 08/15/28 (Call 07/15/28)(a)	USD	65		67,363
XPO Logistics Inc.
6.13%, 09/01/23 (Call 03/01/21)(a)	USD	65		66,138
6.25%, 05/01/25 (Call 05/01/22)(a)	USD	200		214,750
6.75%, 08/15/24 (Call 08/15/21)(a)	USD	125		132,200
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)	USD	110		107,800
4.75%, 01/15/30 (Call 10/15/29)(a)	USD	125		134,062
7.75%, 04/01/25 (Call 04/01/22)(a)	USD	60		65,850

Security		Par/ Shares (000)		Value
United States (continued)
Zayo Group Holdings Inc.
4.00%, 03/01/27 (Call 03/01/21)(a)	USD	205	$	205,492
6.13%, 03/01/28 (Call 03/01/23)(a)	USD	140		145,864
				122,184,288
Total Corporate Bonds & Notes — 97.9%
(Cost: $174,309,308)				183,023,977
Floating Rate Loan Interests
United States — 0.1%
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 10.00%, 11/01/25(g)	$	84		91,560
Total Floating Rate Loan Interests — 0.1%
(Cost: $84,000)				91,560
Common Stocks
United States — 0.0%
AMC Entertainment Inc., (Acquired 7/31/20, Cost:0)(h)(i)(j)		1		10,303
Whiting Petroleum Corp.(c)(i)		0		6,549
				16,852
Total Common Stocks — 0.0%
(Cost: $20,340)				16,852
Warrants
United States — 0.0%
SM Energy Co., (Expires 6/30/23)(i)		5		41,230
Total Warrants — 0.0%
(Cost: $21,107)				41,230
Short-Term Investments
Money Market Funds — 9.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.14%(k)(l)(m)		16,798		16,808,297
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(k)(l)		620		620,000
				17,428,297
Total Short-Term Investments — 9.3%
(Cost: $17,423,978)				17,428,297
Total Investments in Securities — 107.3%
(Cost: $191,858,733)				200,601,916
Other Assets, Less Liabilities — (7.3)%				(13,706,309	)
Net Assets — 100.0%.			$	186,895,607

(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)	Perpetual security with no stated maturity date.
(e)	Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

18

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2021

(f)	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.
(g)	Fixed rate.
(h)	Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy.
(i)	Non-income producing security.
(j)	Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $10,303, representing less than 0.05% of its net assets as of period end, and an original cost of $0.
(k)	Affiliate of the Fund.
(l)	Annualized 7-day yield as of period-end.
(m)	All or a portion of this security was purchased with cash collateral received from loaned securities.

Affiliates

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

Affiliated Issuer		Value at 10/31/20		Purchases at Cost			Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 01/31/21	Shares Held at 01/31/21 (000)		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	11,552,610	$	5,256,949	(a)	$	—		$	(1,208	)	$	(54	)	$	16,808,297	16,798	$	9,593	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		2,600,000		—			(1,980,000	)(a)		—			—			620,000	620		238			—
									$	(1,208	)	$	(54	)	$	17,428,297		$	9,831		$	—

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

Fair Value Measurements

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

The following table summarizes the value of the Fund's investments according to the fair value hierarchy as of January 31, 2021. The breakdown of the Fund's investments into major categories is disclosed in the Schedule of Investments above.

		Level 1		Level 2		Level 3		Total
Investments
Assets
Corporate Bonds & Notes	$	—	$	183,023,977	$	—	$	183,023,977
Floating Rate Loan Interests		—		91,560		—		91,560
Common Stocks		6,549		—		10,303		16,852
Warrants.		—		41,230		—		41,230
Money Market Funds		17,428,297		—		—		17,428,297
	$	17,434,846	$	183,156,767	$	10,303	$	200,601,916

Currency Abbreviations
CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

19