Schedule of Investments (unaudited)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)	Value
Corporate Bonds & Notes
Australia — 0.3%
FMG Resources August 2006 Pty Ltd.
4.38%, 04/01/31 (Call 01/01/31)(a)(b)	USD		150	$	150,938
4.50%, 09/15/27 (Call 06/15/27)(a)	USD		50		51,198
5.13%, 05/15/24 (Call 02/15/24)(a)(b)	USD		75		77,892
Kaixo Bondco Telecom SA, 5.13%, 09/30/29 (Call 09/30/24)(c)	EUR		100		109,301
					389,329
Austria — 0.2%
ams-OSRAM AG, 6.00%, 07/31/25 (Call 07/31/22)(c)	EUR		100		117,609
Signa Development Finance SCS, 5.50%, 07/23/26 (Call 07/23/23)(c)	EUR		100		102,811
Wienerberger AG, 2.00%, 05/02/24(c)	EUR		50		57,902
					278,322
Belgium — 0.3%
Ontex Group NV, 3.50%, 07/15/26 (Call 07/15/23)(c)	EUR		100		103,526
Telenet Finance Luxembourg Notes Sarl
3.50%, 03/01/28 (Call 12/01/22)(c)	EUR		100		113,587
5.50%, 03/01/28 (Call 12/01/22)(a)	USD		200		204,650
					421,763
Canada — 3.2%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 02/15/24)(a)	USD		60		56,995
3.88%, 01/15/28 (Call 09/15/22)(a)	USD		145		141,647
4.00%, 10/15/30 (Call 10/15/25)(a)	USD		250		231,875
4.38%, 01/15/28 (Call 11/15/22)(a)	USD		45		44,272
Air Canada
3.88%, 08/15/26 (Call 02/15/26)(a)	USD		105		102,359
4.63%, 08/15/29 (Call 02/15/26)(a)	CAD		238		184,814
AutoCanada Inc., 5.75%, 02/07/29	CAD		50		39,400
Bausch Health Companies Inc.
5.00%, 02/15/29 (Call 02/15/24)(a)	USD		85		68,425
5.25%, 02/15/31 (Call 02/15/26)(a)	USD		105		83,737
Bausch Health Cos Inc., 6.13%, 02/01/27	USD		30		30,112
Bombardier Inc.
6.00%, 02/15/28 (Call 02/15/24)(a)	USD		80		77,600
7.13%, 06/15/26 (Call 06/15/23)(a)	USD		115		116,869
7.50%, 12/01/24 (Call 02/28/22)(a)	USD		75		77,632
7.50%, 03/15/25 (Call 02/28/22)(a)	USD		135		136,687
7.88%, 04/15/27 (Call 04/15/22)(a)	USD		170		172,550
Brookfield Property Finance ULC, 4.00%, 09/30/26 (Call 08/30/26)	CAD		75		58,044
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC
4.88%, 02/15/30 (Call 02/15/25)(a)	USD		75		72,750
6.25%, 09/15/27 (Call 09/15/22)(a)	USD		82		84,477
CES Energy Solutions Corp., 6.38%, 10/21/24 (Call 02/28/22)	CAD		40		32,353
Crew Energy Inc., 6.50%, 03/14/24 (Call 02/28/22)(a)	CAD		40		31,263
Emera Inc., Series 16-A, 6.75%, 06/15/76 (Call 06/15/26)(d)	USD		100		112,126
Garda World Security Corp.
4.63%, 02/15/27 (Call 02/15/23)(a)	USD		50		48,917
6.00%, 06/01/29 (Call 06/01/24)(a)	USD		50		46,860
9.50%, 11/01/27 (Call 11/01/22)(a)	USD		50		52,550
GFL Environmental Inc.
3.50%, 09/01/28 (Call 03/01/28)(a)	USD		75		70,675
3.75%, 08/01/25 (Call 08/01/22)(a)	USD		85		85,079
4.00%, 08/01/28 (Call 08/01/23)(a)(b)	USD		60		55,992

		Par
Security			(000)		Value
Canada (continued)
4.25%, 06/01/25 (Call 06/01/22)(a)	USD		15	$	15,168
4.38%, 08/15/29 (Call 08/15/24)(a)(b)	USD		55		52,387
4.75%, 06/15/29 (Call 06/15/24)(a)(b)	USD		60		58,478
5.13%, 12/15/26 (Call 12/15/22)(a)	USD		59		60,902
Kronos Acquisition Holdings Inc./KIK Custom Products Inc.
5.00%, 12/31/26 (Call 06/30/23)(a)	USD		10		9,405
7.00%, 12/31/27 (Call 12/31/23)(a)(b)	USD		70		63,887
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)(a)	USD		20		19,720
5.25%, 12/15/27 (Call 12/15/22)(a)	USD		65		66,143
MEG Energy Corp.
5.88%, 02/01/29 (Call 02/01/24)(a)(b)	USD		50		50,773
6.50%, 01/15/25 (Call 02/28/22)(a)	USD		20		20,282
7.13%, 02/01/27 (Call 02/01/23)(a)	USD		100		103,750
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)	USD		50		50,644
5.25%, 12/15/29 (Call 09/15/29)	USD		75		75,811
New Red Finance Inc., 5.75%, 04/15/25 (Call 04/15/22)(a)	USD		65		67,157
NOVA Chemicals Corp.
4.25%, 05/15/29 (Call 05/15/24)(a)(b)	USD		57		54,200
4.88%, 06/01/24 (Call 03/03/24)(a)	USD		105		107,289
5.00%, 05/01/25 (Call 01/31/25)(a)	USD		65		65,536
5.25%, 06/01/27 (Call 03/03/27)(a)	USD		65		65,743
NuVista Energy Ltd., 7.88%, 07/23/26 (Call 07/23/23)(a)	CAD		25		20,708
Open Text Corp.
3.88%, 02/15/28 (Call 02/15/23)(a)	USD		65		63,742
3.88%, 12/01/29 (Call 12/01/24)(a)	USD		85		81,767
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)(a)	USD		90		87,873
4.13%, 12/01/31 (Call 12/01/26)(a)	USD		68		65,830
Parkland Corp.
4.50%, 10/01/29 (Call 10/01/24)(a)	USD		60		57,717
4.63%, 05/01/30 (Call 05/01/25)(a)	USD		80		77,029
5.88%, 07/15/27 (Call 07/15/22)(a)	USD		40		41,193
Parkland Corp./Canada, 3.88%, 06/16/26 (Call 06/16/23)(a)	CAD		125		95,853
Ritchie Bros Holdings Ltd., 4.95%, 12/15/29 (Call 12/15/24)(a)	CAD		53		41,907
Superior Plus LP, 4.25%, 05/18/28 (Call 05/18/24)(a)	CAD		50		38,735
Telesat Canada/Telesat LLC
4.88%, 06/01/27 (Call 12/01/22)(a)	USD		50		40,364
5.63%, 12/06/26 (Call 12/06/23)(a)	USD		35		29,663
6.50%, 10/15/27 (Call 10/15/22)(a)(b)	USD		50		30,761
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 02/28/22)(a)	USD		80		81,500
Videotron Ltd.
3.13%, 01/15/31 (Call 01/15/26)	CAD		25		17,686
3.63%, 06/15/28 (Call 06/15/24)(a)	CAD		150		113,578
3.63%, 06/15/29 (Call 06/15/24)(a)	USD		50		48,234
4.50%, 01/15/30 (Call 10/15/24)	CAD		110		86,617
5.13%, 04/15/27 (Call 04/15/22)(a)	USD		75		76,659
5.38%, 06/15/24 (Call 03/15/24)(a)	USD		75		78,375
5.63%, 06/15/25 (Call 03/15/25)	CAD		50		41,522
5.75%, 01/15/26 (Call 02/14/22)(c)	CAD		50		40,055
					4,680,703
Cayman Islands — 0.2%
Seagate HDD Cayman, 4.13%, 01/15/31 (Call 10/15/30)	USD		75		73,640

1

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
Cayman Islands (continued)
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 06/15/22)(c)	EUR		150	$	167,127
					240,767
Denmark — 0.1%
DKT Finance ApS, 7.00%, 06/17/23 (Call 02/28/22)(c)	EUR		100		113,033
Finland — 0.3%
Nokia OYJ
2.00%, 03/11/26 (Call 12/11/25)(c)	EUR		200		230,230
4.38%, 06/12/27	USD		40		41,425
Teollisuuden Voima OYJ
1.13%, 03/09/26 (Call 12/09/25)(c)	EUR		100		111,734
2.00%, 05/08/24 (Call 02/08/24)(c)	EUR		100		115,465
					498,854
France — 4.1%
Accor SA, 3.00%, 02/04/26 (Call 11/04/25)(c)	EUR		100		116,664
Altice France SA, 5.50%, 10/15/29 (Call 10/15/24)(a)	USD		100		94,769
Altice France SA/France
2.13%, 02/15/25 (Call 02/28/22)(c)	EUR		100		107,017
4.00%, 07/15/29 (Call 04/15/24)(c)	EUR		100		105,759
4.13%, 01/15/29 (Call 09/15/23)(c)	EUR		100		106,546
5.13%, 01/15/29 (Call 09/15/23)(a)	USD		100		93,196
5.13%, 07/15/29 (Call 04/15/24)(a)	USD		200		185,250
5.50%, 01/15/28 (Call 09/15/22)(a)	USD		100		95,345
5.88%, 02/01/27 (Call 02/28/22)(c)	EUR		100		115,859
8.13%, 02/01/27 (Call 02/08/22)(a)	USD		150		158,625
CAB SELAS, 3.38%, 02/01/28 (Call 02/01/24)(c)	EUR		100		109,139
Casino Guichard Perrachon SA, 3.58%, 02/07/25 (Call 11/07/24)(c)	EUR		100		102,330
CGG SA, 7.75%, 04/01/27 (Call 04/01/24)(c)	EUR		100		113,135
Chrome Bidco SASU, 3.50%, 05/31/28 (Call 05/31/24)(c)	EUR		100		109,851
Electricite de France SA, 5.63%, (Call 01/22/24)(a)(d)(e)	USD		100		102,270
Elis SA
1.63%, 04/03/28 (Call 01/03/28)(c)	EUR		100		108,400
1.88%, 02/15/23 (Call 11/15/22)(c)	EUR		100		113,235
Emeria SASU, 3.38%, 03/31/28 (Call 03/31/24)(c)	EUR		100		108,175
Faurecia SE
2.38%, 06/15/27 (Call 06/15/23)(c)	EUR		100		109,905
2.63%, 06/15/25 (Call 02/28/22)(c)	EUR		100		113,436
2.75%, 02/15/27 (Call 02/15/24)(c)	EUR		100		111,790
3.13%, 06/15/26 (Call 06/15/22)(c)	EUR		100		113,439
Fnac Darty SA, 2.63%, 05/30/26 (Call 05/30/22)(c)	EUR		100		113,743
Getlink SE, 3.50%, 10/30/25 (Call 10/30/22)(c)	EUR		100		114,311
Iliad Holding SASU
5.13%, 10/15/26 (Call 10/15/23)(c)	EUR		100		114,413
5.63%, 10/15/28 (Call 10/15/24)(c)	EUR		100		114,183
7.00%, 10/15/28 (Call 10/15/24)(a)	USD		175		177,809
La Banque Postale SA, 3.00%, 06/09/28(c)	EUR		100		121,931
La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 02/07/22)(c)	EUR		100		106,821
Loxam SAS
3.25%, 01/14/25 (Call 02/07/22)(c)	EUR		125		136,827
3.75%, 07/15/26 (Call 07/15/22)(c)	EUR		100		109,931
Lune Holdings Sarl, 5.63%, 11/15/28 (Call 11/15/24)(c)	EUR		100		107,662
Orano SA
3.38%, 04/23/26 (Call 01/23/26)(c)	EUR		100		117,485
4.88%, 09/23/24	EUR		150		183,659
Paprec Holding SA, 4.00%, 03/31/25 (Call 02/28/22)(c)	EUR		100		112,802
Parts Europe SA, 6.50%, 07/16/25 (Call 02/28/22)(c)	EUR		100		115,820
Picard Groupe SAS, 3.88%, 07/01/26 (Call 07/01/23)(c)	EUR		100		110,729
Quatrim SASU, 5.88%, 01/15/24 (Call 02/07/22)(c)	EUR		100		114,347

		Par
Security			(000)		Value
France (continued)
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(c)(d)	EUR		100	$	112,442
Renault SA
1.00%, 03/08/23 (Call 12/08/22)(c)	EUR		100		112,780
1.00%, 11/28/25 (Call 08/28/25)(c)	EUR		100		110,378
1.13%, 10/04/27 (Call 07/04/27)(c)	EUR		100		103,029
1.25%, 06/24/25 (Call 03/24/25)(c)	EUR		200		220,063
2.38%, 05/25/26 (Call 02/25/26)(c)	EUR		100		112,118
Rexel SA, 2.13%, 12/15/28 (Call 12/15/24)(c)	EUR		100		109,952
SPCM SA, 2.63%, 02/01/29 (Call 09/15/23)(c)	EUR		100		112,036
SPIE SA, 2.63%, 06/18/26 (Call 12/18/25)(c)	EUR		100		114,961
Tereos Finance Groupe, 4.75%, 04/30/27(c)	EUR		100		111,144
Valeo
1.63%, 03/18/26 (Call 12/18/25)(c)	EUR		100		115,776
3.25%, 01/22/24(c)	EUR		100		118,993
Verallia SA, 1.63%, 05/14/28 (Call 02/14/28)(c)	EUR		100		111,108
					6,031,388
Germany — 4.5%
ADLER Group SA
1.88%, 01/14/26 (Call 10/14/25)(c)	EUR		100		90,491
3.25%, 08/05/25 (Call 05/05/25)(c)	EUR		100		96,534
Adler Pelzer Holding GmbH, 4.13%, 04/01/24 (Call 02/07/22)(c)	EUR		100		105,654
ADLER Real Estate AG, 3.00%, 04/27/26 (Call 02/27/26)(c)	EUR		100		99,763
Bayer AG
2.38%, 11/12/79 (Call 02/12/25)(c)(d)	EUR		100		110,797
3.13%, 11/12/79 (Call 08/12/27)(c)	EUR		100		111,482
3.75%, 07/01/74 (Call 07/01/24)(c)(d)	EUR		100		115,921
Bertelsmann SE & Co. KGaA, 3.50%, 04/23/75 (Call 04/23/27)(c)(d)	EUR		100		116,861
Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28 (Call 01/15/24)(c)	EUR		100		114,639
Commerzbank AG
4.00%, 03/30/27(c)	EUR		80		98,811
4.00%, 12/05/30 (Call 09/05/25)(c)(d)	EUR		100		120,269
8.13%, 09/19/23(a)(b)	USD		100		108,900
CT Investment GmbH, 5.50%, 04/15/26 (Call 04/15/23)(c)	EUR		100		111,596
DEMIRE Deutsche Mittelstand Real Estate AG, 1.88%, 10/15/24 (Call 07/15/24)(c)	EUR		100		109,419
Deutsche Bank AG
2.75%, 02/17/25(c)	EUR		125		146,734
4.30%, 05/24/28 (Call 05/24/23), (5 year USD Swap + 2.248%)(d)	USD		200		203,161
4.50%, 05/19/26(c)	EUR		100		125,848
5.63%, 05/19/31 (Call 02/19/26)(c)(d)	EUR		100		128,923
Deutsche Bank AG/New York NY
3.73%, 01/14/32 (Call 10/14/30)(d)	USD		200		194,354
4.88%, 12/01/32 (Call 12/01/27)(d)	USD		100		104,429
5.88%, 07/08/31 (Call 04/08/30)(d)	USD		50		55,890
Deutsche Lufthansa AG
1.63%, 11/16/23 (Call 10/16/23)(c)	EUR		100		112,749
2.88%, 02/11/25 (Call 01/11/25)(c)	EUR		100		113,583
2.88%, 05/16/27 (Call 02/16/27)(c)	EUR		100		110,861
3.00%, 05/29/26 (Call 02/28/26)(c)	EUR		100		112,696
3.50%, 07/14/29 (Call 04/14/29)(c)	EUR		100		112,656
Douglas GmbH, 6.00%, 04/08/26 (Call 04/15/23)(c)	EUR		100		110,210
Evonik Industries AG, 1.38%, 09/02/81 (Call 09/02/26)(c)(d)	EUR		100		110,141
Gruenenthal GMBH, 4.13%, 05/15/28 (Call 05/15/24)(c)	EUR		100		111,840
K+S AG, 2.63%, 04/06/23 (Call 01/06/23)(c)	EUR		100		114,061

2

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
Germany (continued)
KME SE, 6.75%, 02/01/23 (Call 02/28/22)(c)	EUR		100	$	105,741
LANXESS AG, 4.50%, 12/06/76 (Call 06/06/23)(c)(d)	EUR		100		117,251
Mahle GmbH, 2.38%, 05/14/28 (Call 02/14/28)(c)	EUR		100		105,577
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 02/28/22)(c)	EUR		100		109,209
Nidda Healthcare Holding GmbH, 3.50%, 09/30/24 (Call 02/07/22)(c)	EUR		100		109,965
Peach Property Finance GmbH, 3.50%, 02/15/23 (Call 11/15/22)(c)	EUR		100		112,575
ProGroup AG, 3.00%, 03/31/26 (Call 02/28/22)(c)	EUR		100		111,966
RWE AG, 3.50%, 04/21/75 (Call 04/21/25)(c)(d)	EUR		50		59,344
Schaeffler AG
1.88%, 03/26/24 (Call 12/26/23)(c)	EUR		100		114,378
2.88%, 03/26/27 (Call 12/26/26)(c)	EUR		100		119,670
3.38%, 10/12/28 (Call 07/12/28)(c)	EUR		100		121,893
Schenck Process Holding GmbH/Darmstadt, 5.38%,
06/15/23 (Call 02/07/22)(c)	EUR		100		111,234
Techem Verwaltungsgesellschaft 674 mbH, 6.00%,
07/30/26 (Call 02/07/22)(c)	EUR		88		100,756
Techem Verwaltungsgesellschaft 675 mbH, 2.00%,
07/15/25 (Call 02/28/22)(c)	EUR		100		108,876
Tele Columbus AG, 3.88%, 05/02/25 (Call 02/28/22)(c)	EUR		100		107,171
thyssenkrupp AG
1.88%, 03/06/23 (Call 02/06/23)(c)	EUR		175		197,693
2.88%, 02/22/24 (Call 11/22/23)(c)	EUR		125		142,597
TK Elevator Holdco GmbH, 7.63%, 07/15/28 (Call 07/15/23)(a)(b)	USD		50		52,672
TK Elevator Midco GmbH, 4.38%, 07/15/27 (Call 07/15/23)(c)	EUR		100		113,353
TK Elevator U.S. Newco Inc., 5.25%, 07/15/27 (Call 07/15/23)(a)	USD		150		151,875
TUI Cruises GmbH, 6.50%, 05/15/26 (Call 05/15/23)(c)	EUR		100		110,886
Vertical Holdco GmbH, 6.63%, 07/15/28 (Call 07/15/23)(c)	EUR		90		103,921
ZF Europe Finance BV
2.00%, 02/23/26 (Call 12/23/25)(c)	EUR		200		222,089
3.00%, 10/23/29 (Call 07/23/29)(c)	EUR		100		111,467
ZF Finance GmbH
2.25%, 05/03/28 (Call 02/03/28)(c)	EUR		100		108,558
2.75%, 05/25/27 (Call 02/25/27)(c)	EUR		100		112,295
ZF North America Capital Inc.
2.75%, 04/27/23(c)	EUR		100		115,001
4.75%, 04/29/25(a)	USD		100		102,125
					6,739,411
Greece — 0.5%
Alpha Bank SA, 2.50%, 03/23/28 (Call 03/23/27)(c)(d)	EUR		100		106,443
Ellaktor Value PLC, 6.38%, 12/15/24 (Call 02/28/22)(c)	EUR		100		103,414
Eurobank SA, 2.00%, 05/05/27 (Call 05/05/26)(c)(d)	EUR		100		106,655
National Bank of Greece SA, 2.75%, 10/08/26 (Call 10/08/25)(c)(d)	EUR		150		166,981
Piraeus Bank SA, 3.88%, 11/03/27 (Call 11/03/26)(c)(d)	EUR		100		108,880
Public Power Corp. SA, 3.88%, 03/30/26 (Call 03/30/23)(c)	EUR		100		112,435
Titan Global Finance PLC, 2.38%, 11/16/24 (Call 05/16/24)(c)	EUR		100		113,364
					818,172
Ireland — 0.4%
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24)(b)(d)	USD		75		76,281
AIB Group PLC, 1.88%, 11/19/29 (Call 11/19/24)(c)(d)	EUR		100		113,254
Bank of Ireland Group PLC, 1.38%, 08/11/31 (Call 05/11/26)(c)(d)	EUR		100		109,581

		Par
Security			(000)		Value
Ireland (continued)
eircom Finance DAC, 3.50%, 05/15/26 (Call 05/15/22)(c)	EUR		125	$	138,945
Permanent TSB Group Holdings PLC, 3.00%, 08/19/31 (Call 05/19/26)(c)(d)	EUR		100		112,847
Seagate HDD Cayman
3.13%, 07/15/29 (Call 01/15/24)	USD		50		46,380
3.38%, 07/15/31 (Call 01/15/26)	USD		55		50,762
					648,050
Israel — 1.4%
Energean Israel Finance Ltd.
4.50%, 03/30/24 (Call 12/30/23)(a)	USD		75		75,300
4.88%, 03/30/26 (Call 12/30/25)(a)	USD		45		44,370
5.38%, 03/30/28 (Call 09/30/27)(a)	USD		70		68,120
5.88%, 03/30/31 (Call 09/30/30)(a)	USD		50		48,660
Leviathan Bond Ltd.
5.75%, 06/30/23 (Call 03/30/23)(a)	USD		25		25,657
6.13%, 06/30/25 (Call 03/30/25)(a)	USD		45		47,252
6.50%, 06/30/27 (Call 12/30/26)(a)	USD		55		58,987
6.75%, 06/30/30 (Call 12/30/29)(a)	USD		65		69,712
Teva Pharmaceutical Finance Netherlands II BV
1.25%, 03/31/23 (Call 12/31/22)(c)	EUR		100		111,275
1.63%, 10/15/28(c)	EUR		100		93,994
3.75%, 05/09/27 (Call 02/09/27)	EUR		100		108,707
4.38%, 05/09/30 (Call 02/09/30)	EUR		150		160,930
4.50%, 03/01/25 (Call 12/01/24)	EUR		100		113,737
6.00%, 01/31/25 (Call 10/31/24)	EUR		100		118,354
Teva Pharmaceutical Finance Netherlands III BV
2.80%, 07/21/23	USD		125		122,500
3.15%, 10/01/26(b)	USD		375		344,197
5.13%, 05/09/29 (Call 02/09/29)(b)	USD		100		97,115
6.00%, 04/15/24 (Call 01/15/24)	USD		150		152,741
6.75%, 03/01/28 (Call 12/01/27)(b)	USD		100		106,064
7.13%, 01/31/25 (Call 10/31/24)	USD		100		104,344
					2,072,016
Italy — 5.0%
Almaviva-The Italian Innovation Co. SpA, 4.88%, 10/30/26 (Call 10/30/23)(c)	EUR		100		110,159
Atlantia SpA
1.88%, 07/13/27 (Call 04/13/27)(c)	EUR		100		112,676
1.88%, 02/12/28 (Call 11/12/27)(c)	EUR		100		111,356
Autostrade per l’Italia SpA
1.63%, 01/25/28 (Call 10/25/27)(c)	EUR		125		139,697
1.75%, 06/26/26(c)	EUR		100		113,921
1.75%, 02/01/27(c)	EUR		100		113,250
1.88%, 09/26/29 (Call 06/26/29)(c)	EUR		100		111,879
2.00%, 12/04/28 (Call 09/04/28)(c)	EUR		100		114,047
2.00%, 01/15/30 (Call 10/15/29)(c)	EUR		100		112,196
Azzurra Aeroporti SpA, 2.63%, 05/30/27 (Call 02/28/27)(c)	EUR		100		113,980
Banca Monte dei Paschi di Siena SpA
1.88%, 01/09/26(c)	EUR		150		160,218
3.63%, 09/24/24(c)	EUR		100		112,176
10.50%, 07/23/29(c)	EUR		100		98,599
Banca Popolare di Sondrio SCPA, 2.38%, 04/03/24(c)	EUR		100		115,198
Banco BPM SpA
0.88%, 07/15/26(c)	EUR		100		108,268
1.75%, 01/28/25(c)	EUR		100		113,727
2.50%, 06/21/24(c)	EUR		100		116,157
3.25%, 01/14/31 (Call 01/14/26)(c)(d)	EUR		100		111,881
BPER Banca, 1.38%, 03/31/27 (Call 03/31/26)(c)(d)	EUR		100		108,690
Centurion Bidco SpA, 5.88%, 09/30/26 (Call 09/30/22)(c)	EUR		100		115,140

3

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
Italy (continued)
doValue SpA, 3.38%, 07/31/26 (Call 07/31/23)(c)	EUR		100	$	111,802
Esselunga SpA, 1.88%, 10/25/27 (Call 07/25/27)(c)	EUR		100		116,033
Gamma Bidco SpA, 5.13%, 07/15/25 (Call 07/15/22)(c)	EUR		100		112,427
Guala Closures SpA, 3.25%, 06/15/28 (Call 06/15/24)(c)	EUR		100		107,202
Iccrea Banca SpA
2.13%, 01/17/27 (Call 01/17/26)(c)(d)	EUR		100		111,375
4.75%, 01/18/32 (Call 10/18/26)(c)(d)	EUR		100		112,606
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 01/15/23)(c)	EUR		100		107,834
Infrastrutture Wireless Italiane SpA
1.63%, 10/21/28 (Call 07/21/28)(c)	EUR		100		112,008
1.88%, 07/08/26 (Call 04/08/26)(c)	EUR		100		115,080
Intesa Sanpaolo SpA
3.93%, 09/15/26(c)	EUR		100		122,179
4.20%, 06/01/32 (Call 06/01/31)(a)(d)	USD		50		47,880
5.02%, 06/26/24(a)	USD		200		208,224
5.15%, 06/10/30(c)	GBP		100		144,924
5.88%, 03/04/29 (Call 03/04/24)(c)(d)	EUR		100		122,518
6.63%, 09/13/23(c)	EUR		100		123,021
Leonardo SpA, 1.50%, 06/07/24 (Call 03/07/24)(c)	EUR		100		113,219
Mediobanca Banca di Credito Finanziario SpA, 5.75%, 04/18/23	EUR		115		137,062
Nexi SpA
1.63%, 04/30/26 (Call 01/30/26)(c)	EUR		100		108,259
1.75%, 10/31/24 (Call 07/31/24)(c)	EUR		150		169,029
Rekeep SpA, 7.25%, 02/01/26 (Call 02/01/23)(c)	EUR		100		118,397
Rossini Sarl, 6.75%, 10/30/25 (Call 02/28/22)(c)	EUR		100		115,790
Sisal SpA/Milano, 7.00%, 07/31/23 (Call 02/07/22)(c)	EUR		69		77,185
Telecom Italia SpA/Milano
1.63%, 01/18/29 (Call 10/18/28)(c)	EUR		100		102,728
2.38%, 10/12/27 (Call 07/12/27)(c)	EUR		100		109,027
2.50%, 07/19/23(c)	EUR		100		114,530
2.88%, 01/28/26 (Call 10/28/25)(c)	EUR		100		113,805
3.00%, 09/30/25(c)	EUR		100		114,696
3.63%, 01/19/24(c)	EUR		100		116,190
3.63%, 05/25/26(c)	EUR		100		116,428
4.00%, 04/11/24 (Call 01/11/24)(c)	EUR		100		116,963
5.30%, 05/30/24(a)	USD		150		154,987
UniCredit SpA
2.00%, 09/23/29 (Call 09/23/24)(c)(d)	EUR		200		224,315
2.73%, 01/15/32 (Call 01/15/27)(c)(d)	EUR		200		223,852
5.46%, 06/30/35 (Call 06/30/30)(a)(d)	USD		125		130,517
5.86%, 06/19/32 (Call 06/19/27)(a)(d)	USD		100		106,271
7.30%, 04/02/34 (Call 04/02/29)(a)(d)	USD		100		114,787
Unipol Gruppo SpA
3.00%, 03/18/25(c)	EUR		100		119,707
3.25%, 09/23/30 (Call 06/23/30)(c)	EUR		100		123,880
UnipolSai Assicurazioni SpA, 3.88%, 03/01/28(c)	EUR		100		119,510
Verde Bidco SpA, 4.63%, 10/01/26 (Call 10/01/23)(c)	EUR		100		112,421
Webuild SpA, 1.75%, 10/26/24(c)	EUR		200		222,961
					7,484,844
Japan — 0.6%
Rakuten Group Inc.
5.13%, (Call 04/22/26)(a)(d)(e)	USD		50		49,614
6.25%, (Call 04/22/31)(a)(b)(d)(e)	USD		100		104,031
SoftBank Group Corp.
2.13%, 07/06/24 (Call 04/06/24)(c)	EUR		100		109,027
2.88%, 01/06/27 (Call 10/06/26)(c)	EUR		100		103,028
3.13%, 09/19/25 (Call 06/21/25)(c)	EUR		150		164,404
3.38%, 07/06/29 (Call 04/06/29)(c)	EUR		100		97,719

		Par
Security			(000)		Value
Japan (continued)
4.00%, 09/19/29 (Call 06/21/29)(c)	EUR		125	$	127,022
5.00%, 04/15/28 (Call 01/16/28)(c)	EUR		100		110,332
					865,177
Jersey — 0.1%
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)(a)	USD		100		106,910
Luxembourg — 1.7%
ADLER Group SA, 2.25%, 04/27/27 (Call 01/27/27)(c)	EUR		100		89,985
Albion Financing 1 Sarl/Aggreko Holdings Inc., 6.13%, 10/15/26 (Call 10/15/23)(a)	USD		100		99,750
Albion Financing 1 SARL/Aggreko Holdings Inc., 5.25%, 10/15/26 (Call 10/15/23)(c)	EUR		100		110,128
Altice Financing SA
2.25%, 01/15/25 (Call 02/28/22)(c)	EUR		100		106,357
4.25%, 08/15/29 (Call 08/15/24)(c)	EUR		100		105,534
5.75%, 08/15/29 (Call 08/15/24)(a)(b)	USD		200		186,896
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(c)	EUR		100		102,134
Altice France Holding SA
4.00%, 02/15/28 (Call 02/15/23)(c)	EUR		100		102,244
6.00%, 02/15/28 (Call 02/15/23)(a)(b)	USD		150		136,897
8.00%, 05/15/27 (Call 05/15/22)(c)	EUR		100		117,128
10.50%, 05/15/27 (Call 05/15/22)(a)	USD		150		159,187
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal
Packaging Finance PLC
3.25%, 09/01/28 (Call 05/15/24)(a)	USD		150		142,894
4.00%, 09/01/29 (Call 05/15/24)(a)	USD		50		47,625
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25 (Call 11/01/22)(c)	EUR		100		114,820
INEOS Finance PLC, 2.88%, 05/01/26 (Call 05/01/22)(c)	EUR		100		110,215
Kleopatra Holdings 2 SCA, 6.50%, 09/01/26 (Call 03/01/23)(c)	EUR		100		98,334
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 11/15/22)(c)	EUR		100		112,242
Mytilineos Financial Partners SA, 2.50%, 12/01/24 (Call 06/01/24)(c)	EUR		100		113,532
Sani/Ikos Financial Holdings 1 Sarl, 5.63%, 12/15/26 (Call 07/15/23)(c)	EUR		100		113,684
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(c)	EUR		100		116,431
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 10/31/22)(c)	EUR		100		115,065
Swissport Investments SA, 6.75%, 12/15/21(c)(f)	EUR		100		281
Vivion Investments Sarl, 3.00%, 08/08/24(c)	EUR		100		106,698
					2,508,061
Macau — 0.7%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 02/28/22)(a)(b)	USD		200		196,140
5.38%, 12/04/29 (Call 12/04/24)(a)	USD		200		188,750
MGM China Holdings Ltd., 4.75%, 02/01/27 (Call 02/01/24)(a)(b)	USD		75		71,906
Studio City Finance Ltd.
5.00%, 01/15/29 (Call 01/15/24)(a)	USD		125		108,569
6.50%, 01/15/28 (Call 07/15/23)(a)	USD		50		46,812
Wynn Macau Ltd.
5.13%, 12/15/29 (Call 12/15/24)(a)	USD		125		113,125
5.50%, 01/15/26 (Call 06/15/22)(a)	USD		100		93,830
5.63%, 08/26/28 (Call 08/26/23)(a)(b)	USD		200		182,250
					1,001,382

4

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
Malaysia — 0.1%
Resorts World Las Vegas LLC/RWLV Capital Inc., 4.63%, 04/16/29 (Call 01/16/29)(a)	USD		100	$	96,142
Netherlands — 1.8%
Energizer Gamma Acquisition BV, 3.50%, 06/30/29 (Call 06/30/24)(c)	EUR		100		104,860
Intertrust Group BV, 3.38%, 11/15/25 (Call 02/07/22)(c)	EUR		100		113,309
IPD 3 BV, 5.50%, 12/01/25 (Call 12/01/22)(c)	EUR		100		113,930
Koninklijke KPN NV, 7.00%, 03/28/73 (Call 03/28/23)(a)(d)	USD		50		51,990
Lincoln Financing Sarl, 3.63%, 04/01/24 (Call 02/28/22)(c)	EUR		125		141,105
Nobel Bidco BV, 3.13%, 06/15/28 (Call 06/15/24)(c)	EUR		100		104,919
Nobian Finance BV, 3.63%, 07/15/26 (Call 07/15/23)(c)	EUR		100		107,327
PPF Telecom Group BV
3.25%, 09/29/27 (Call 06/29/27)(c)	EUR		175		207,225
3.50%, 05/20/24 (Call 02/20/24)(c)	EUR		100		117,627
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/01/23)(c)	EUR		150		154,788
Sensata Technologies BV
4.88%, 10/15/23(a)	USD		50		51,187
5.00%, 10/01/25(a)	USD		50		52,667
5.63%, 11/01/24(a)	USD		50		53,648
Sigma Holdco BV, 5.75%, 05/15/26 (Call 02/07/22)(c)	EUR		100		101,075
Trivium Packaging Finance BV
3.75%, 08/15/26 (Call 08/15/22)(c)	EUR		100		111,415
8.50%, 08/15/27 (Call 08/15/22)(a)	USD		150		154,710
United Group BV
3.63%, 02/15/28 (Call 02/15/23)(c)	EUR		100		104,609
4.63%, 08/15/28 (Call 08/15/24)(c)	EUR		100		108,578
4.88%, 07/01/24 (Call 02/28/22)(c)	EUR		100		112,985
UPC Broadband Finco BV, 4.88%, 07/15/31 (Call 07/15/26)(a)	USD		75		74,302
WP/AP Telecom Holdings IV BV, 3.75%, 01/15/29 (Call 01/15/25)(c)	EUR		100		109,135
Ziggo Bond Co. BV, 3.38%, 02/28/30 (Call 02/15/25)(c)	EUR		100		103,762
Ziggo BV
2.88%, 01/15/30 (Call 10/15/24)(c)	EUR		100		106,461
4.88%, 01/15/30 (Call 10/15/24)(a)	USD		200		193,638
					2,655,252
Norway — 0.1%
Adevinta ASA, 2.63%, 11/15/25 (Call 11/15/22)(c)	EUR		100		112,204
Portugal — 0.7%
Banco Comercial Portugues SA
1.75%, 04/07/28 (Call 04/07/27)(c)(d)	EUR		100		104,574
3.87%, 03/27/30 (Call 03/27/25)(c)(d)	EUR		100		110,705
Caixa Geral de Depositos SA, 1.25%, 11/25/24(c)	EUR		100		113,998
EDP - Energias de Portugal SA
1.50%, 03/14/82 (Call 12/14/26)(c)(d)	EUR		100		106,164
1.70%, 07/20/80 (Call 04/20/25)(c)(d)	EUR		100		109,946
1.88%, 08/02/81 (Call 05/02/26)(c)(d)	EUR		100		109,204
4.50%, 04/30/79 (Call 01/30/24)(c)(d)	EUR		100		118,751
Novo Banco SA, 3.50%, 07/23/24 (Call 07/23/23)(c)(d)	EUR		100		111,370
Saipem Finance International BV, 3.13%, 03/31/28 (Call 12/31/27)(c)	EUR		100		103,142
					987,854
Singapore — 0.1%
Puma International Financing SA, 5.13%, 10/06/24 (Call 02/08/22)(a)	USD		200		199,419

		Par
Security			(000)		Value
Spain — 2.0%
Abanca Corp. Bancaria SA, 4.63%, 04/07/30 (Call 04/07/25)(c)(d)	EUR		100	$	117,958
Banco de Credito Social Cooperativo SA, 1.75%, 03/09/28 (Call 03/09/27)(c)(d)	EUR		100		105,522
Banco de Sabadell SA
1.13%, 03/27/25(c)	EUR		100		112,287
1.75%, 05/10/24(c)	EUR		100		114,649
5.38%, 12/12/28 (Call 12/12/23)(c)(d)	EUR		100		120,005
Cellnex Finance Co. SA
0.75%, 11/15/26 (Call 08/15/26)(c)	EUR		100		108,887
1.00%, 09/15/27 (Call 06/15/27)(c)	EUR		100		106,724
1.50%, 06/08/28 (Call 03/08/28)(c)	EUR		100		107,817
2.00%, 09/15/32 (Call 06/15/32)(c)	EUR		100		104,333
2.00%, 02/15/33 (Call 11/15/32)(c)	EUR		100		102,770
Cellnex Telecom SA
1.75%, 10/23/30 (Call 07/23/30)(c)	EUR		100		105,015
1.88%, 06/26/29 (Call 03/26/29)	EUR		100		108,403
2.88%, 04/18/25 (Call 01/18/25)(c)	EUR		100		119,022
Cirsa Finance International Sarl
4.50%, 03/15/27 (Call 09/15/23)(c)	EUR		100		107,348
6.25%, 12/20/23 (Call 02/07/22)(c)	EUR		85		95,948
ContourGlobal Power Holdings SA, 2.75%, 01/01/26 (Call 01/01/23)(c)	EUR		100		106,250
eDreams ODIGEO SA, 5.50%, 09/01/23 (Call 02/07/22)(c)	EUR		100		113,772
El Corte Ingles SA, 3.00%, 03/15/24 (Call 02/07/22)(c)	EUR		100		112,923
Grifols Escrow Issuer SA, 3.88%, 10/15/28 (Call 10/15/24)(c)	EUR		125		136,041
Grifols SA
1.63%, 02/15/25 (Call 02/28/22)(c)	EUR		100		110,323
3.20%, 05/01/25 (Call 02/28/22)(c)	EUR		100		111,000
Grupo Antolin-Irausa SA, 3.50%, 04/30/28 (Call 04/30/24)(c)	EUR		100		104,045
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(c)(d)	EUR		100		111,149
International Consolidated Airlines Group SA, 2.75%, 03/25/25 (Call 12/25/24)(c)	EUR		100		111,097
Lorca Telecom Bondco SA, 4.00%, 09/18/27 (Call 09/30/23)(c)	EUR		150		165,603
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(c)(d)	EUR		100		118,944
Unicaja Banco SA, 1.00%, 07/19/32(c)	EUR		100		110,317
					3,048,152
Sweden — 0.8%
Akelius Residential Property AB, 3.88%, 10/05/78 (Call 07/08/23)(c)(d)	EUR		100		116,078
Dometic Group AB, 2.00%, 09/29/28 (Call 06/29/28)(c)	EUR		100		107,295
Fastighets AB Balder, 3.00%, 03/07/78 (Call 03/07/23)(c)(d)	EUR		100		112,046
Heimstaden AB, 4.25%, 03/09/26 (Call 12/09/25)(c)	EUR		100		111,847
Intrum AB
3.13%, 07/15/24 (Call 02/28/22)(c)	EUR		100		111,845
3.50%, 07/15/26 (Call 07/15/22)(c)	EUR		100		111,482
4.88%, 08/15/25 (Call 08/15/22)(c)	EUR		100		115,078
Verisure Holding AB
3.25%, 02/15/27 (Call 02/15/23)(c)	EUR		100		108,900
3.88%, 07/15/26 (Call 07/15/22)(c)	EUR		100		112,589
Verisure Midholding AB, 5.25%, 02/15/29 (Call 02/15/24)(c)	EUR		100		110,988
Volvo Car AB, 2.00%, 01/24/25 (Call 10/24/24)(c)	EUR		100		115,300
					1,233,448

5

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
Switzerland — 0.2%
Dufry One BV
2.50%, 10/15/24 (Call 02/28/22)(c)	EUR		100	$	110,087
3.38%, 04/15/28 (Call 04/15/24)(c)	EUR		100		107,541
VistaJet Malta Finance PLC/XO Management Holding Inc., 6.38%, 02/01/30	USD		78		77,513
					295,141
United Kingdom — 5.3%
Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 02/28/22)(c)	GBP		100		135,838
B&M European Value Retail SA, 3.63%, 07/15/25 (Call 07/15/22)(c)	GBP		100		134,694
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28 (Call 11/30/24)(c)	EUR		150		160,972
Bellis Acquisition Co. PLC
3.25%, 02/16/26 (Call 02/24/23)(c)	GBP		175		217,791
4.50%, 02/16/26 (Call 02/24/23)(c)	GBP		100		130,504
Bellis Finco PLC, 4.00%, 02/16/27 (Call 02/24/23)(c)	GBP		100		121,707
British Telecommunications PLC
4.25%, 11/23/81 (Call 11/23/26)(a)(d)	USD		50		49,375
4.88%, 11/23/81 (Call 08/23/31)(a)(d)	USD		50		49,594
Cidron Aida Finco Sarl, 5.00%, 04/01/28 (Call 04/01/24)(c)	EUR		100		108,636
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 10/01/22)(a)	USD		200		207,560
Constellation Automotive Financing PLC, 4.88%, 07/15/27 (Call 07/15/23)(c)	GBP		100		125,877
Deuce Finco PLC, 5.50%, 06/15/27 (Call 06/15/23)(c)	GBP		100		132,744
eG Global Finance PLC
4.38%, 02/07/25 (Call 02/28/22)(c)	EUR		100		110,185
6.25%, 10/30/25 (Call 02/28/22)(c)	EUR		100		112,666
6.75%, 02/07/25 (Call 02/08/22)(a)	USD		100		100,473
Heathrow Finance PLC, 4.38%, 03/01/27(c)(g)	GBP		100		131,598
Iceland Bondco PLC, 4.63%, 03/15/25 (Call 02/10/22)(c)	GBP		100		122,389
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26 (Call 01/15/23)(c)	EUR		100		107,523
INEOS Styrolution Group GmbH, 2.25%, 01/16/27 (Call 01/15/23)(c)	EUR		100		105,729
International Consolidated Airlines Group SA, 3.75%, 03/25/29 (Call 12/25/28)(c)	EUR		100		110,427
Jaguar Land Rover Automotive PLC
4.50%, 01/15/26 (Call 10/15/25)(c)	EUR		100		114,292
4.50%, 07/15/28 (Call 07/15/24)(c)	EUR		100		111,262
5.63%, 02/01/23 (Call 02/28/22)(a)(b)	USD		150		150,161
5.88%, 01/15/28 (Call 01/15/24)(a)	USD		150		148,530
Jerrold Finco PLC, 4.88%, 01/15/26 (Call 02/28/22)(c)	GBP		100		134,296
Marks & Spencer PLC, 6.00%, 06/12/25(c)	GBP		100		143,840
Metro Bank PLC, 5.50%, 06/26/28 (Call 06/26/23)(c)(d)	GBP		100		89,005
Motion Finco Sarl, 7.00%, 05/15/25 (Call 05/15/22)(c)	EUR		100		116,803
NGG Finance PLC
2.13%, 09/05/82 (Call 06/05/27)(c)	EUR		100		111,379
5.63%, 06/18/73 (Call 06/18/25)(c)(d)	GBP		100		143,248
Nomad Foods Bondco PLC, 2.50%, 06/24/28 (Call 06/24/24)(c)	EUR		100		109,612
Ocado Group PLC, 3.88%, 10/08/26 (Call 10/08/23)(c)	GBP		100		126,066
Pinewood Finance Co. Ltd., 3.25%, 09/30/25 (Call 02/28/22)(c)	GBP		100		132,018
Pinnacle Bidco PLC, 5.50%, 02/15/25 (Call 02/28/22)(c)	EUR		100		113,928
Playtech PLC, 4.25%, 03/07/26 (Call 03/07/22)(c)	EUR		100		113,688
Rolls-Royce PLC
1.63%, 05/09/28 (Call 02/09/28)(c)	EUR		100		104,425
3.38%, 06/18/26	GBP		100		133,454

		Par
Security			(000)		Value
United Kingdom (continued)
4.63%, 02/16/26 (Call 11/16/25)(c)	EUR		100	$	122,143
5.75%, 10/15/27 (Call 07/15/27)(a)	USD		150		157,605
Sherwood Financing PLC, 4.50%, 11/15/26 (Call 11/15/23)(c)	EUR		100		110,102
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 07/31/22)(c)	GBP		100		138,659
Thames Water Utilities Finance PLC, 5.75%, 09/13/30 (Call 09/13/22)(d)	GBP		125		171,810
TI Automotive Finance PLC, 3.75%, 04/15/29 (Call 04/15/24)(c)	EUR		100		110,296
Very Group Funding PLC (The), 6.50%, 08/01/26 (Call 08/01/23)(c)	GBP		100		133,579
Victoria PLC, 3.63%, 08/24/26 (Call 02/28/23)(c)	EUR		100		110,617
Virgin Media Finance PLC, 5.00%, 07/15/30 (Call 07/15/25)(a)	USD		100		94,260
Virgin Media Secured Finance PLC
4.25%, 01/15/30 (Call 10/15/24)(c)	GBP		150		189,126
4.50%, 08/15/30 (Call 08/15/25)(a)	USD		50		47,594
5.00%, 04/15/27 (Call 04/15/22)(c)	GBP		100		136,613
5.50%, 05/15/29 (Call 05/15/24)(a)	USD		125		127,578
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 07/15/23)(c)	GBP		100		130,130
Vmed O2 UK Financing I PLC
3.25%, 01/31/31 (Call 01/31/26)(c)	EUR		150		157,318
4.25%, 01/31/31 (Call 01/31/26)(a)	USD		100		92,750
4.50%, 07/15/31 (Call 07/15/26)(c)	GBP		100		127,148
4.75%, 07/15/31 (Call 07/15/26)(a)	USD		150		143,733
Vodafone Group PLC
2.63%, 08/27/80 (Call 05/27/26)(c)(d)	EUR		100		111,727
3.00%, 08/27/80 (Call 05/27/30)(c)(d)	EUR		100		108,999
3.10%, 01/03/79 (Call 10/03/23)(c)(d)	EUR		200		229,582
3.25%, 06/04/81 (Call 06/04/26)(d)	USD		50		47,633
4.13%, 06/04/81 (Call 03/04/31)(d)	USD		100		95,688
4.88%, 10/03/78 (Call 07/03/25)(c)(d)	GBP		100		138,929
7.00%, 04/04/79 (Call 01/04/29)(d)	USD		150		172,455
Zenith Finco PLC, 6.50%, 06/30/27(c)	GBP		100		131,909
					7,910,272
United States — 63.7%
Acrisure LLC/Acrisure Finance Inc.
4.25%, 02/15/29 (Call 02/15/24)(a)	USD		70		66,150
6.00%, 08/01/29 (Call 08/01/24)(a)	USD		35		33,250
7.00%, 11/15/25 (Call 02/28/22)(a)	USD		90		89,864
10.13%, 08/01/26 (Call 08/01/22)(a)	USD		30		32,606
AdaptHealth LLC
4.63%, 08/01/29 (Call 02/01/24)(a)(b)	USD		50		47,760
5.13%, 03/01/30 (Call 03/01/25)(a)(b)	USD		60		58,560
Adient Global Holdings Ltd., 3.50%, 08/15/24 (Call 05/15/24)(c)	EUR		100		113,403
Adient U.S. LLC, 9.00%, 04/15/25 (Call 04/15/22)(a)	USD		85		90,111
ADT Security Corp. (The)
4.13%, 06/15/23	USD		90		91,506
4.13%, 08/01/29 (Call 08/01/28)(a)	USD		75		70,727
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC
3.25%, 03/15/26 (Call 09/15/22)(a)	USD		55		53,636
3.50%, 02/15/23 (Call 12/15/22)(a)	USD		60		60,496
3.50%, 03/15/29 (Call 09/15/23)(a)	USD		100		94,734
4.63%, 01/15/27 (Call 01/15/23)(a)	USD		120		122,894
4.88%, 02/15/30 (Call 02/15/25)(a)	USD		125		127,344
5.88%, 02/15/28 (Call 08/15/22)(a)	USD		75		78,391

6

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
7.50%, 03/15/26 (Call 03/15/22)(a)	USD		50	$	53,075
Alcoa Nederland Holding BV, 6.13%, 05/15/28 (Call 05/15/23)(a)	USD		150		159,375
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
4.25%, 10/15/27 (Call 10/15/23)(a)(b)	USD		90		87,735
5.88%, 11/01/29 (Call 11/01/24)(a)	USD		55		54,062
6.75%, 10/15/27 (Call 10/15/22)(a)	USD		80		79,141
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.00%, 06/01/29 (Call 06/01/24)(a)(b)	USD		100		94,938
6.63%, 07/15/26 (Call 07/15/22)(a)	USD		170		174,938
9.75%, 07/15/27 (Call 07/15/22)(a)	USD		115		121,882
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 06/01/28 (Call 06/01/24)(a)	USD		150		143,443
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl, 3.63%, 06/01/28 (Call 06/01/24)(c)	EUR		100		105,913
Allison Transmission Inc.
3.75%, 01/30/31 (Call 01/30/26)(a)	USD		60		55,800
4.75%, 10/01/27 (Call 10/01/22)(a)	USD		50		50,680
5.88%, 06/01/29 (Call 06/01/24)(a)	USD		45		47,388
Ally Financial Inc., 5.75%, 11/20/25 (Call 10/21/25)	USD		80		87,808
AMC Entertainment Holdings Inc.
10.50%, 04/15/25 (Call 04/15/22)(a)	USD		50		52,813
10.50%, 04/24/26 (Call 06/15/22)(a)	USD		92		97,290
AMC Networks Inc.
4.25%, 02/15/29 (Call 02/15/24)	USD		75		72,227
4.75%, 08/01/25 (Call 02/28/22)	USD		50		50,487
5.00%, 04/01/24 (Call 02/28/22)	USD		71		71,233
American Airlines Group Inc., 3.75%, 03/01/25(a)(b)	USD		65		60,360
American Airlines Inc., 11.75%, 07/15/25(a)	USD		225		272,531
American Airlines Inc./AAdvantage Loyalty IP Ltd.
5.50%, 04/20/26(a)	USD		305		312,244
5.75%, 04/20/29(a)(b)	USD		260		266,500
American Axle & Manufacturing Inc.
5.00%, 10/01/29 (Call 10/01/24)(b)	USD		50		46,257
6.25%, 03/15/26 (Call 02/08/22)	USD		50		50,895
6.50%, 04/01/27 (Call 04/01/22)	USD		35		35,977
6.88%, 07/01/28 (Call 07/01/23)(b)	USD		25		26,178
American Builders & Contractors Supply Co. Inc.
3.88%, 11/15/29 (Call 11/15/24)(a)	USD		25		23,483
4.00%, 01/15/28 (Call 01/15/23)(a)	USD		50		49,004
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)	USD		65		67,112
5.63%, 05/20/24 (Call 03/20/24)	USD		60		61,896
5.75%, 05/20/27 (Call 02/20/27)	USD		50		52,788
5.88%, 08/20/26 (Call 05/20/26)	USD		75		79,242
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 06/15/29 (Call 06/15/24)(a)	USD		70		70,562
5.75%, 03/01/27 (Call 03/01/22)(a)	USD		60		60,900
5.75%, 01/15/28 (Call 01/15/23)(a)	USD		30		30,534
7.88%, 05/15/26 (Call 05/15/23)(a)	USD		50		53,750
Antero Resources Corp.
5.00%, 03/01/25 (Call 03/01/22)	USD		75		76,065
5.38%, 03/01/30 (Call 03/01/25)(a)(b)	USD		60		62,095
7.63%, 02/01/29 (Call 02/01/24)(a)	USD		21		22,855

		Par
Security			(000)		Value
United States (continued)
Apache Corp.
4.25%, 01/15/30 (Call 10/15/29)(b)	USD		75	$	75,953
4.38%, 10/15/28 (Call 07/15/28)	USD		75		77,190
4.63%, 11/15/25 (Call 08/15/25)	USD		15		15,569
APX Group Inc.
5.75%, 07/15/29 (Call 07/15/24)(a)(b)	USD		65		61,141
6.75%, 02/15/27 (Call 02/15/23)(a)(b)	USD		55		56,481
Aramark Services Inc.
5.00%, 04/01/25 (Call 02/28/22)(a)(b)	USD		75		75,990
5.00%, 02/01/28 (Call 02/01/23)(a)	USD		120		119,088
6.38%, 05/01/25 (Call 05/01/22)(a)	USD		95		98,334
Arches Buyer Inc.
4.25%, 06/01/28 (Call 12/01/23)(a)	USD		55		51,926
6.13%, 12/01/28 (Call 12/01/23)(a)	USD		50		48,344
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/28 (Call 04/01/23)(a)	USD		65		65,491
6.88%, 04/01/27 (Call 04/01/22)(a)	USD		65		66,700
Arconic Corp.
6.00%, 05/15/25 (Call 05/15/22)(a)	USD		70		72,133
6.13%, 02/15/28 (Call 02/15/23)(a)	USD		90		93,370
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 2.00%, 09/01/28 (Call 05/15/24)(c)	EUR		100		107,374
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.13%, 08/15/26 (Call 08/15/22)(c)	EUR		100		107,077
5.25%, 08/15/27 (Call 08/15/22)(a)	USD		250		244,355
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 03/01/23)(b)	USD		50		49,682
4.63%, 11/15/29 (Call 11/15/24)(a)	USD		60		59,071
4.75%, 03/01/30 (Call 03/01/25)	USD		50		49,188
5.00%, 02/15/32 (Call 11/15/26)(a)	USD		50		49,625
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
5.88%, 06/30/29 (Call 09/01/24)(a)	USD		50		48,340
7.00%, 11/01/26 (Call 02/28/22)(a)	USD		50		49,938
Ashton Woods USA LLC/Ashton Woods Finance Co.,
4.63%, 04/01/30 (Call 04/01/25)(a)	USD		30		29,522
AssuredPartners Inc., 5.63%, 01/15/29 (Call 12/15/23)(a)	USD		75		69,651
Audacy Capital Corp.
6.50%, 05/01/27 (Call 05/01/22)(a)	USD		50		47,500
6.75%, 03/31/29 (Call 03/31/24)(a)(b)	USD		50		47,000
Avantor Funding Inc.
2.63%, 11/01/25 (Call 11/01/22)(c)	EUR		100		113,056
3.88%, 11/01/29 (Call 11/01/24)(a)	USD		85		82,520
4.63%, 07/15/28 (Call 07/15/23)(a)	USD		105		105,512
Avaya Inc., 6.13%, 09/15/28 (Call 09/15/23)(a)(b)	USD		100		102,250
Avient Corp.
5.25%, 03/15/23	USD		50		51,539
5.75%, 05/15/25 (Call 05/15/22)(a)	USD		45		46,130
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
4.75%, 04/01/28 (Call 04/01/24)(a)	USD		50		49,021
5.38%, 03/01/29 (Call 03/01/24)(a)(b)	USD		40		40,150
5.75%, 07/15/27 (Call 07/15/22)(a)	USD		55		56,402
Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 02/28/22)(c)	EUR		100		113,668
Axalta Coating Systems LLC, 3.38%, 02/15/29 (Call 02/15/24)(a)	USD		125		116,094
B&G Foods Inc.
5.25%, 04/01/25 (Call 02/28/22)	USD		65		65,731
5.25%, 09/15/27 (Call 03/01/22)(b)	USD		70		70,985

7

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)(b)	USD		125	$	116,189
3.13%, 09/15/31 (Call 06/15/31)(b)	USD		95		88,706
4.00%, 11/15/23	USD		100		103,190
4.38%, 12/15/23	EUR		200		239,851
4.88%, 03/15/26 (Call 12/15/25)	USD		45		47,728
5.25%, 07/01/25	USD		75		80,505
Bath & Body Works Inc.
5.25%, 02/01/28	USD		40		41,950
6.63%, 10/01/30 (Call 10/01/25)(a)	USD		85		91,481
7.50%, 06/15/29 (Call 06/15/24)	USD		40		43,646
Bausch Health Americas Inc.
8.50%, 01/31/27 (Call 07/31/22)(a)	USD		120		121,350
9.25%, 04/01/26 (Call 04/01/22)(a)	USD		140		144,413
Bausch Health Companies Inc.
4.88%, 06/01/28 (Call 06/01/24)(a)	USD		150		142,513
5.00%, 01/30/28 (Call 01/30/23)(a)	USD		130		109,525
5.25%, 01/30/30 (Call 01/30/25)(a)	USD		105		84,152
5.50%, 11/01/25 (Call 02/28/22)(a)	USD		170		171,275
5.75%, 08/15/27 (Call 08/15/22)(a)(b)	USD		65		65,171
6.13%, 04/15/25 (Call 02/17/22)(a)	USD		268		273,159
6.25%, 02/15/29 (Call 02/15/24)(a)	USD		110		93,087
7.00%, 01/15/28 (Call 01/15/23)(a)(b)	USD		70		62,689
7.25%, 05/30/29 (Call 05/30/24)(a)	USD		70		62,825
9.00%, 12/15/25 (Call 02/28/22)(a)	USD		140		146,125
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(c)	EUR		150		167,181
Berry Global Inc., 5.63%, 07/15/27 (Call 07/15/22)(a)	USD		30		30,889
Black Knight InfoServ LLC, 3.63%, 09/01/28 (Call 09/01/23)(a)	USD		100		95,918
Block Inc.
2.75%, 06/01/26 (Call 05/01/26)(a)	USD		75		72,579
3.50%, 06/01/31 (Call 03/01/31)(a)	USD		80		76,200
Booz Allen Hamilton Inc.
3.88%, 09/01/28 (Call 09/01/23)(a)	USD		75		73,674
4.00%, 07/01/29 (Call 07/01/24)(a)	USD		55		54,381
Boxer Parent Co. Inc., 6.50%, 10/02/25 (Call 06/01/22)(c)	EUR		100		116,508
Boyd Gaming Corp.
4.75%, 12/01/27 (Call 12/01/22)	USD		75		74,726
4.75%, 06/15/31 (Call 06/15/26)(a)	USD		90		88,665
Brand Industrial Services Inc., 8.50%, 07/15/25 (Call 02/28/22)(a)	USD		85		80,254
Brink’s Co. (The), 5.50%, 07/15/25 (Call 07/15/22)(a)	USD		65		67,225
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LL, 4.50%, 04/01/27 (Call 10/01/23)(a)	USD		95		89,794
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)(b)	USD		50		49,890
4.13%, 03/01/25 (Call 02/01/25)(a)	USD		75		74,531
4.13%, 12/01/27 (Call 09/01/27)	USD		50		48,821
4.15%, 07/01/23 (Call 04/01/23)	USD		50		50,016
4.50%, 03/01/28 (Call 12/01/27)(a)	USD		50		48,500
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)(a)(b)	USD		100		98,924
4.25%, 02/01/32	USD		40		39,570
5.00%, 03/01/30 (Call 03/01/25)(a)	USD		75		76,921
6.75%, 06/01/27 (Call 06/01/22)(a)	USD		40		41,658
Caesars Entertainment Inc.
4.63%, 10/15/29 (Call 10/15/24)(a)(b)	USD		120		114,637
6.25%, 07/01/25 (Call 07/01/22)(a)	USD		305		315,489
8.13%, 07/01/27 (Call 07/01/23)(a)(b)	USD		135		145,294

		Par
Security			(000)		Value
United States (continued)
Caesars Resort Collection LLC/CRC Finco Inc., 5.75%, 07/01/25 (Call 07/01/22)(a)	USD		110	$	113,260
Callon Petroleum Co.
6.13%, 10/01/24 (Call 02/28/22)	USD		60		59,625
8.00%, 08/01/28 (Call 08/01/24)(a)(b)	USD		50		50,938
Calpine Corp.
3.75%, 03/01/31 (Call 03/01/26)(a)(b)	USD		100		90,853
4.50%, 02/15/28 (Call 02/15/23)(a)	USD		105		102,820
4.63%, 02/01/29 (Call 02/01/24)(a)	USD		65		61,669
5.00%, 02/01/31 (Call 02/01/26)(a)	USD		65		61,588
5.13%, 03/15/28 (Call 03/15/23)(a)(b)	USD		100		97,553
5.25%, 06/01/26 (Call 02/28/22)(a)	USD		62		63,085
Calumet Specialty Products Partners LP/Calumet Finance Corp., 11.00%, 04/15/25 (Call 02/28/22)(a)	USD		45		48,488
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29)	EUR		100		83,782
Carvana Co.
4.88%, 09/01/29 (Call 09/01/24)(a)(b)	USD		75		66,643
5.50%, 04/15/27 (Call 04/15/24)(a)(b)	USD		50		46,588
5.63%, 10/01/25 (Call 10/01/22)(a)(b)	USD		55		52,388
5.88%, 10/01/28 (Call 10/01/23)(a)(b)	USD		40		37,650
Catalent Pharma Solutions Inc.
2.38%, 03/01/28 (Call 03/01/23)(c)	EUR		100		108,047
3.13%, 02/15/29 (Call 02/15/24)(a)(b)	USD		40		37,445
3.50%, 04/01/30 (Call 04/01/25)(a)	USD		60		56,131
5.00%, 07/15/27 (Call 07/15/22)(a)	USD		50		51,108
CCO Holdings LLC/CCO Holdings Capital Corp.
4.00%, 03/01/23 (Call 02/14/22)(a)	USD		65		64,919
4.25%, 02/01/31 (Call 07/01/25)(a)(b)	USD		325		310,375
4.25%, 01/15/34 (Call 01/15/28)(a)	USD		210		194,775
4.50%, 08/15/30 (Call 02/15/25)(a)	USD		285		277,875
4.50%, 05/01/32 (Call 05/01/26)	USD		285		274,669
4.50%, 06/01/33 (Call 06/01/27)(a)	USD		180		171,224
4.75%, 03/01/30 (Call 09/01/24)(a)	USD		210		207,900
4.75%, 02/01/32 (Call 02/01/27)	USD		20		19,674
5.00%, 02/01/28 (Call 08/01/22)(a)(b)	USD		240		242,928
5.13%, 05/01/27 (Call 05/01/22)(a)(b)	USD		280		287,014
5.38%, 06/01/29 (Call 06/01/24)(a)	USD		140		144,226
5.50%, 05/01/26 (Call 02/28/22)(a)	USD		95		97,256
CDK Global Inc.
4.88%, 06/01/27 (Call 06/01/22)	USD		50		51,441
5.00%, 10/15/24 (Call 07/15/24)	USD		65		69,552
5.25%, 05/15/29 (Call 05/15/24)(a)	USD		40		41,620
CDW LLC/CDW Finance Corp.
3.57%, 12/01/31 (Call 09/01/31)	USD		25		24,914
4.25%, 04/01/28 (Call 10/01/22)	USD		25		24,776
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)(b)	USD		45		45,127
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 04/15/22)(b)	USD		60		60,794
5.50%, 05/01/25 (Call 05/01/22)(a)	USD		50		51,510
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)	USD		200		190,462
2.50%, 03/01/31 (Call 12/01/30)	USD		190		176,498
2.63%, 08/01/31 (Call 05/01/31)	USD		135		126,463
3.00%, 10/15/30 (Call 07/15/30)	USD		175		169,670
3.38%, 02/15/30 (Call 02/15/25)	USD		200		195,911
4.25%, 12/15/27 (Call 12/15/22)	USD		240		245,959
4.63%, 12/15/29 (Call 12/15/24)	USD		315		327,150
Central Garden & Pet Co.
4.13%, 10/15/30 (Call 10/15/25)	USD		50		48,143

8

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
4.13%, 04/30/31 (Call 04/30/26)(a)	USD		45	$	43,013
Century Communities Inc., 3.88%, 08/15/29 (Call 02/15/29)(a)	USD		50		47,875
Change Healthcare Holdings LLC/Change Healthcare Finance Inc., 5.75%, 03/01/25 (Call 02/08/22)(a)	USD		125		125,468
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 03/15/24)(a)	USD		50		48,235
4.00%, 03/15/31 (Call 03/15/26)(a)	USD		40		38,500
4.25%, 05/01/28 (Call 05/01/23)(a)	USD		65		64,656
Chemours Co. (The)
4.63%, 11/15/29 (Call 11/15/24)(a)	USD		70		66,960
5.38%, 05/15/27 (Call 02/15/27)(b)	USD		40		41,133
5.75%, 11/15/28 (Call 11/15/23)(a)	USD		85		86,441
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 10/15/23)(b)	USD		185		188,203
Cheniere Energy Partners LP
3.25%, 01/31/32 (Call 01/31/27)(a)	USD		90		84,652
4.00%, 03/01/31 (Call 03/01/26)	USD		150		149,300
4.50%, 10/01/29 (Call 10/01/24)	USD		140		142,740
Chesapeake Energy Corp.
5.50%, 02/01/26 (Call 02/05/23)(a)	USD		30		30,934
5.88%, 02/01/29 (Call 02/05/24)(a)	USD		57		59,351
CHS/Community Health Systems Inc.
4.75%, 02/15/31 (Call 02/15/26)(a)	USD		110		105,411
5.25%, 05/15/30	USD		115		114,505
5.63%, 03/15/27 (Call 12/15/23)(a)	USD		80		80,608
6.00%, 01/15/29 (Call 01/15/24)(a)	USD		70		71,190
6.13%, 04/01/30 (Call 04/01/25)(a)(b)	USD		125		119,439
6.63%, 02/15/25 (Call 02/04/22)(a)	USD		155		160,297
6.88%, 04/01/28 (Call 04/01/23)(a)(b)	USD		85		80,745
6.88%, 04/15/29 (Call 04/15/24)(a)(b)	USD		145		144,026
8.00%, 03/15/26 (Call 03/15/22)(a)	USD		185		193,038
8.00%, 12/15/27 (Call 12/15/22)(a)	USD		64		67,980
Churchill Downs Inc.
4.75%, 01/15/28 (Call 01/15/23)(a)	USD		65		65,428
5.50%, 04/01/27 (Call 04/01/22)(a)	USD		55		56,424
Cinemark USA Inc.
5.25%, 07/15/28 (Call 07/15/24)(a)(b)	USD		65		61,588
5.88%, 03/15/26 (Call 03/15/23)(a)(b)	USD		35		34,388
Citgo Holding Inc., 9.25%, 08/01/24 (Call 02/28/22)(a)(b)	USD		125		125,316
CITGO Petroleum Corp.
6.38%, 06/15/26 (Call 06/15/23)(a)	USD		70		69,672
7.00%, 06/15/25 (Call 06/15/22)(a)	USD		100		100,750
Clarios Global LP, 6.75%, 05/15/25 (Call 05/15/22)(a)	USD		27		28,027
Clarios Global LP/Clarios US Finance Co.
4.38%, 05/15/26 (Call 05/15/22)(c)	EUR		100		114,061
6.25%, 05/15/26 (Call 05/15/22)(a)	USD		75		77,573
8.50%, 05/15/27 (Call 05/15/22)(a)	USD		195		203,765
Clarivate Science Holdings Corp.
3.88%, 07/01/28 (Call 06/30/24)(a)	USD		85		81,175
4.88%, 07/01/29 (Call 06/30/24)(a)	USD		85		80,962
Clear Channel Outdoor Holdings Inc.
7.50%, 06/01/29 (Call 06/01/24)(a)(b)	USD		100		103,625
7.75%, 04/15/28 (Call 04/15/24)(a)	USD		65		67,571
Clear Channel Worldwide Holdings Inc., 5.13%, 08/15/27 (Call 08/15/22)(a)	USD		130		130,615
Clearway Energy Operating LLC
3.75%, 02/15/31 (Call 02/15/26)(a)	USD		95		89,514
4.75%, 03/15/28 (Call 03/15/23)(a)	USD		85		87,222
Cleveland-Cliffs Inc.
4.63%, 03/01/29 (Call 03/01/24)(a)(b)	USD		30		29,175

		Par
Security			(000)		Value
United States (continued)
4.88%, 03/01/31 (Call 03/01/26)(a)	USD		45	$	44,100
5.88%, 06/01/27 (Call 06/01/22)(b)	USD		50		51,701
6.75%, 03/15/26 (Call 03/15/22)(a)	USD		70		73,529
9.88%, 10/17/25 (Call 10/17/22)(a)	USD		60		67,062
CNX Resources Corp., 6.00%, 01/15/29 (Call 01/15/24)(a)(b)	USD		80		82,744
Coinbase Global Inc.
3.38%, 10/01/28 (Call 10/01/24)(a)(b)	USD		80		71,667
3.63%, 10/01/31 (Call 10/01/26)(a)	USD		95		82,769
Colgate Energy Partners III LLC, 5.88%, 07/01/29 (Call 07/01/24)(a)(b)	USD		60		60,975
CommScope Inc.
4.75%, 09/01/29 (Call 09/01/24)(a)	USD		140		134,110
6.00%, 03/01/26 (Call 03/01/22)(a)	USD		115		116,456
7.13%, 07/01/28 (Call 07/01/23)(a)(b)	USD		40		37,731
8.25%, 03/01/27 (Call 03/01/22)(a)(b)	USD		75		73,078
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/22)(a)(b)	USD		90		80,148
6.00%, 06/15/25 (Call 02/08/22)(a)	USD		131		127,500
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29 (Call 04/15/24)(a)	USD		100		99,291
Comstock Resources Inc.
5.88%, 01/15/30 (Call 01/15/25)(a)(b)	USD		100		99,395
6.75%, 03/01/29 (Call 03/01/24)(a)(b)	USD		80		82,365
Consolidated Communications Inc.
5.00%, 10/01/28 (Call 10/01/23)(a)	USD		35		33,876
6.50%, 10/01/28 (Call 10/01/23)(a)(b)	USD		70		72,045
Constellium SE
3.13%, 07/15/29 (Call 07/15/24)(c)	EUR		100		106,130
3.75%, 04/15/29 (Call 04/15/24)(a)(b)	USD		50		47,276
Coty Inc.
3.88%, 04/15/26 (Call 04/15/23)(c)	EUR		100		112,483
5.00%, 04/15/26 (Call 04/15/23)(a)	USD		95		95,240
6.50%, 04/15/26 (Call 02/28/22)(a)	USD		50		50,596
Coty Inc/HFC Prestige Products Inc/HFC Prestige International U.S. LLC, 4.75%, 01/15/29 (Call 01/15/25)(a)	USD		50		49,075
Covanta Holding Corp.
4.88%, 12/01/29 (Call 12/01/24)(a)	USD		40		39,796
5.00%, 09/01/30 (Call 09/01/25)	USD		35		34,650
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31 (Call 06/15/26)(a)	USD		100		99,719
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.63%, 05/01/27 (Call 05/01/22)(a)(b)	USD		50		50,125
5.75%, 04/01/25 (Call 02/28/22)	USD		65		65,476
6.00%, 02/01/29 (Call 02/01/24)(a)	USD		60		60,450
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)	USD		50		51,724
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 02/28/22)	USD		75		76,522
Crown European Holdings SA
0.75%, 02/15/23 (Call 01/15/23)(c)	EUR		100		111,679
2.88%, 02/01/26 (Call 08/01/25)(c)	EUR		100		116,661
CrownRock LP/CrownRock Finance Inc.
5.00%, 05/01/29 (Call 05/01/24)(a)	USD		35		35,348
5.63%, 10/15/25 (Call 02/28/22)(a)	USD		125		125,908
CSC Holdings LLC
4.13%, 12/01/30 (Call 12/01/25)(a)	USD		100		91,354
4.50%, 11/15/31 (Call 11/15/26)(a)	USD		100		93,375

9

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
4.63%, 12/01/30 (Call 12/01/25)(a)(b)	USD		200	$	178,000
5.00%, 11/15/31 (Call 11/15/26)(a)(b)	USD		50		44,894
5.25%, 06/01/24	USD		75		77,241
5.38%, 02/01/28 (Call 02/01/23)(a)	USD		200		200,679
5.75%, 01/15/30 (Call 01/15/25)(a)	USD		250		235,937
6.50%, 02/01/29 (Call 02/01/24)(a)	USD		200		207,562
7.50%, 04/01/28 (Call 04/01/23)(a)	USD		125		129,219
Curo Group Holdings Corp., 7.50%, 08/01/28 (Call 08/01/24)(a)	USD		100		94,046
CVR Energy Inc.
5.25%, 02/15/25 (Call 02/15/22)(a)	USD		45		43,706
5.75%, 02/15/28 (Call 02/15/23)(a)(b)	USD		35		33,906
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 02/28/22)(a)	USD		50		50,906
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)	USD		40		38,843
5.38%, 11/15/27 (Call 11/15/22)	USD		15		15,466
5.63%, 06/15/28 (Call 06/15/23)	USD		35		36,400
Darling Global Finance BV, 3.63%, 05/15/26 (Call 02/07/22)(c)	EUR		100		113,284
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD		155		142,398
4.63%, 06/01/30 (Call 06/01/25)(a)(b)	USD		215		209,418
DCP Midstream Operating LP
3.25%, 02/15/32 (Call 08/15/31)	USD		50		47,575
3.88%, 03/15/23 (Call 12/15/22)	USD		65		65,995
5.13%, 05/15/29 (Call 02/15/29)	USD		25		26,388
5.38%, 07/15/25 (Call 04/15/25)	USD		55		58,014
5.63%, 07/15/27 (Call 04/15/27)	USD		25		27,052
5.85%, 05/21/43 (Call 05/21/23)(a)(b)(d)	USD		75		71,425
Delta Air Lines Inc.
2.90%, 10/28/24 (Call 09/28/24)	USD		100		98,720
3.75%, 10/28/29 (Call 07/28/29)(b)	USD		50		48,525
3.80%, 04/19/23 (Call 03/19/23)(b)	USD		50		50,497
4.38%, 04/19/28 (Call 01/19/28)(b)	USD		50		50,911
7.38%, 01/15/26 (Call 12/15/25)	USD		70		79,362
Diamond Sports Group LLC/Diamond Sports Finance Co.
5.38%, 08/15/26 (Call 08/15/22)(a)	USD		330		152,625
6.63%, 08/15/27 (Call 08/15/22)(a)(b)	USD		200		51,375
Diebold Nixdorf Inc.
8.50%, 04/15/24 (Call 02/28/22)(b)	USD		50		49,781
9.38%, 07/15/25 (Call 07/15/22)(a)	USD		70		73,527
Directv Financing LLC/Directv Financing Co.-Obligor Inc., 5.88%, 08/15/27 (Call 08/15/23)(a)	USD		325		325,961
DISH DBS Corp.
5.00%, 03/15/23	USD		115		116,630
5.25%, 12/01/26 (Call 06/01/26)(a)	USD		235		227,950
5.75%, 12/01/28 (Call 12/01/27)(a)	USD		200		191,973
5.88%, 11/15/24	USD		175		176,437
7.38%, 07/01/28 (Call 07/01/23)(b)	USD		105		101,467
7.75%, 07/01/26	USD		200		206,000
5.13%, 06/01/29	USD		140		122,150
Diversified Healthcare Trust
4.38%, 03/01/31 (Call 09/01/30)(b)	USD		40		36,098
4.75%, 02/15/28 (Call 08/15/27)	USD		40		37,600
Class-T, 9.75%, 06/15/25 (Call 06/15/22)(b)	USD		110		117,081
Domtar Corp., 6.75%, 10/01/28 (Call 10/01/24)(a)	USD		62		60,994
DPL Inc.
4.13%, 07/01/25 (Call 04/01/25)	USD		50		51,149
4.35%, 04/15/29 (Call 01/15/29)	USD		25		25,524

		Par
Security			(000)		Value
United States (continued)
DT Midstream Inc.
4.13%, 06/15/29 (Call 06/15/24)(a)	USD		75	$	74,093
4.38%, 06/15/31 (Call 06/15/26)(a)	USD		115		113,517
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 04/01/24)(a)	USD		55		54,029
5.50%, 06/01/28 (Call 06/01/23)(a)	USD		55		57,129
Elanco Animal Health Inc.
5.27%, 08/28/23 (Call 07/28/23)	USD		50		51,882
5.90%, 08/28/28 (Call 05/28/28)	USD		75		81,547
Enact Holdings Inc., 6.50%, 08/15/25 (Call 02/15/25)(a)	USD		75		79,475
Encompass Health Corp.
4.50%, 02/01/28 (Call 02/01/23)	USD		105		104,093
4.63%, 04/01/31 (Call 04/01/26)	USD		40		39,209
4.75%, 02/01/30 (Call 02/01/25)	USD		80		79,002
Encore Capital Group Inc., 5.38%, 02/15/26 (Call 11/15/22)(c)	GBP		100		138,081
Endeavor Energy Resources LP/EER Finance Inc.
5.75%, 01/30/28 (Call 01/30/23)(a)	USD		100		103,641
6.63%, 07/15/25 (Call 07/15/22)(a)	USD		60		62,712
Endo Dac/Endo Finance LLC/Endo Finco Inc.
6.00%, 06/30/28 (Call 06/30/23)(a)	USD		91		61,653
9.50%, 07/31/27 (Call 07/31/23)(a)	USD		97		95,807
Endo Luxembourg Finance Co. I Sarl/Endo U.S. Inc., 6.13%, 04/01/29 (Call 04/01/24)(a)	USD		125		118,735
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 09/30/23)(a)(b)	USD		80		75,491
4.75%, 06/15/28 (Call 06/15/23)(a)	USD		50		48,724
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)	USD		65		64,788
4.40%, 04/01/24 (Call 01/01/24)	USD		50		50,215
4.85%, 07/15/26 (Call 04/15/26)	USD		40		40,933
Enstar Finance LLC, 5.50%, 01/15/42	USD		50		49,500
EQM Midstream Partners LP
4.00%, 08/01/24 (Call 05/01/24)	USD		50		49,896
4.13%, 12/01/26 (Call 09/01/26)	USD		50		49,248
4.50%, 01/15/29 (Call 07/15/28)(a)	USD		95		90,539
4.75%, 07/15/23 (Call 06/15/23)	USD		75		75,759
4.75%, 01/15/31 (Call 07/15/30)(a)	USD		75		71,726
5.50%, 07/15/28 (Call 04/15/28)	USD		75		75,948
6.00%, 07/01/25 (Call 04/01/25)(a)	USD		60		61,986
6.50%, 07/01/27 (Call 01/01/27)(a)	USD		75		78,836
EQT Corp.
3.13%, 05/15/26 (Call 05/15/23)(a)	USD		50		48,913
3.63%, 05/15/31 (Call 05/15/30)(a)(b)	USD		55		54,565
3.90%, 10/01/27 (Call 07/01/27)	USD		75		75,719
6.63%, 02/01/25 (Call 01/01/25)	USD		100		107,748
7.50%, 02/01/30 (Call 11/01/29)(b)	USD		75		89,272
Fair Isaac Corp.
4.00%, 06/15/28 (Call 12/15/22)(a)	USD		75		74,497
5.25%, 05/15/26 (Call 02/15/26)(a)(b)	USD		50		53,981
Ferrellgas LP/Ferrellgas Finance Corp.
5.38%, 04/01/26 (Call 04/01/23)(a)	USD		65		61,588
5.88%, 04/01/29 (Call 04/01/24)(a)	USD		60		55,214
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc.
4.63%, 01/15/29	USD		100		97,454
6.75%, 01/15/30	USD		115		111,626
Fifth Third Bancorp., Series H, 5.10%, (Call 06/30/23)(b)(d)(e)	USD		50		50,023

10

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
FirstCash Inc.
4.63%, 09/01/28 (Call 09/01/23)(a)	USD		50	$	47,642
5.63%, 01/01/30 (Call 01/01/25)(a)	USD		60		59,969
First-Citizens Bank & Trust Co.
4.75%, 02/16/24 (Call 02/24/22)	USD		65		68,737
5.00%, 08/01/23	USD		75		78,709
5.25%, 03/07/25 (Call 02/24/22)	USD		40		43,603
FirstEnergy Corp.
2.65%, 03/01/30 (Call 12/01/29)	USD		75		70,431
Series B, 2.25%, 09/01/30 (Call 06/01/30)	USD		50		45,690
Series B, 4.15%, 07/15/27 (Call 04/15/27)	USD		100		102,000
Flex Acquisition Co. Inc.
6.88%, 01/15/25 (Call 02/28/22)(a)	USD		55		55,029
7.88%, 07/15/26 (Call 02/28/22)(a)	USD		65		67,031
Ford Credit Canada Co, 2.96%, 09/16/26 (Call 08/16/26)	CAD		75		57,200
Ford Credit Canada Co.
3.50%, 11/30/23	CAD		100		79,270
3.74%, 05/08/23	CAD		100		79,380
4.46%, 11/13/24	CAD		50		40,565
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)	USD		285		272,177
4.35%, 12/08/26 (Call 09/08/26)	USD		200		207,250
Ford Motor Credit Co. LLC
1.51%, 02/17/23	EUR		100		113,017
1.74%, 07/19/24	EUR		100		112,806
2.30%, 02/10/25 (Call 01/10/25)	USD		200		196,022
2.39%, 02/17/26	EUR		100		115,580
2.70%, 08/10/26 (Call 07/10/26)	USD		175		169,531
3.10%, 05/04/23	USD		50		50,553
3.25%, 09/15/25	EUR		100		118,656
3.37%, 11/17/23	USD		150		150,567
3.38%, 11/13/25 (Call 10/13/25)	USD		200		200,224
3.63%, 06/17/31 (Call 03/17/31)	USD		150		147,750
3.81%, 01/09/24 (Call 11/09/23)	USD		150		150,199
3.82%, 11/02/27 (Call 08/02/27)	USD		100		100,030
4.00%, 11/13/30 (Call 08/13/30)	USD		125		125,747
4.06%, 11/01/24 (Call 10/01/24)	USD		200		204,059
4.38%, 08/06/23	USD		250		255,625
4.39%, 01/08/26	USD		150		154,930
4.54%, 03/06/25	GBP		100		140,033
5.11%, 05/03/29 (Call 02/03/29)	USD		200		213,694
5.13%, 06/16/25 (Call 05/16/25)	USD		365		383,413
5.58%, 03/18/24 (Call 02/18/24)	USD		50		52,370
Fortress Transportation and Infrastructure Investors LLC
5.50%, 05/01/28 (Call 05/01/24)(a)	USD		60		58,200
6.50%, 10/01/25 (Call 02/28/22)(a)	USD		85		87,315
9.75%, 08/01/27 (Call 08/01/23)(a)	USD		40		43,988
Freedom Mortgage Corp.
6.63%, 01/15/27 (Call 01/15/24)(a)	USD		60		55,717
7.63%, 05/01/26 (Call 05/01/23)(a)	USD		45		43,104
8.13%, 11/15/24 (Call 02/28/22)(a)	USD		30		30,105
8.25%, 04/15/25 (Call 02/28/22)(a)	USD		45		44,987
Freeport-McMoRan Inc., 4.63%, 08/01/30 (Call 08/01/25)	USD		50		51,995
Frontier Communications Holdings LLC
5.00%, 05/01/28 (Call 05/01/24)(a)(b)	USD		115		113,515
5.88%, 10/15/27 (Call 10/15/23)(a)(b)	USD		110		113,267
5.88%, 11/01/29 (Call 11/01/24)	USD		75		72,211
6.00%, 01/15/30 (Call 10/15/24)(a)(b)	USD		80		77,216
6.75%, 05/01/29 (Call 05/01/24)(a)(b)	USD		110		110,256

		Par
Security			(000)		Value
United States (continued)
FXI Holdings Inc.
7.88%, 11/01/24 (Call 02/28/22)(a)	USD		64	$	64,720
12.25%, 11/15/26 (Call 11/15/22)(a)	USD		49		53,666
Gap Inc. (The)
3.63%, 10/01/29 (Call 10/01/24)(a)	USD		75		69,765
3.88%, 10/01/31 (Call 10/01/26)(a)	USD		75		69,594
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)(a)	USD		65		62,960
3.75%, 10/01/30 (Call 10/01/25)(a)	USD		80		77,529
4.50%, 07/01/28 (Call 07/01/23)(a)	USD		50		50,961
Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25 (Call 02/28/22)(b)	USD		70		68,548
7.75%, 02/01/28 (Call 02/01/23)	USD		80		78,800
8.00%, 01/15/27 (Call 01/15/24)	USD		70		70,504
Global Atlantic Fin Co., 4.70%, 10/15/51 (Call 07/15/26)(a)(d)	USD		100		99,517
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 03/01/24)(a)	USD		50		46,621
5.25%, 12/01/27 (Call 06/01/22)(a)	USD		50		51,400
Golden Nugget Inc.
6.75%, 10/15/24 (Call 02/04/22)(a)	USD		165		165,016
8.75%, 10/01/25 (Call 02/04/22)(a)	USD		85		86,860
Goodyear Europe BV, 2.75%, 08/15/28 (Call 08/15/24)(c)	EUR		100		111,666
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)	USD		65		65,848
5.00%, 05/31/26 (Call 02/28/22)	USD		90		91,696
5.00%, 07/15/29 (Call 04/15/29)(a)	USD		45		45,023
5.25%, 04/30/31 (Call 01/30/31)	USD		50		50,438
5.25%, 07/15/31 (Call 04/15/31)(a)(b)	USD		45		45,127
5.63%, 04/30/33 (Call 01/30/33)	USD		60		61,272
9.50%, 05/31/25 (Call 05/31/22)	USD		55		58,622
Grand Canyon University
4.13%, 10/01/24	USD		27		27,368
5.13%, 10/01/28 (Call 08/01/28)	USD		47		47,705
Graphic Packaging International LLC, 3.50%, 03/15/28(a)	USD		25		24,066
Graphic Packaging International LLC., 3.75%, 02/01/30 (Call 08/01/29)(a)	USD		45		43,342
Gray Escrow II Inc., 5.38%, 11/15/31 (Call 11/15/26)(a)	USD		145		143,050
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)(a)(b)	USD		50		47,955
5.88%, 07/15/26 (Call 02/28/22)(a)	USD		90		92,256
7.00%, 05/15/27 (Call 05/15/22)(a)(b)	USD		40		42,307
Griffon Corp., 5.75%, 03/01/28 (Call 03/01/23)	USD		105		104,737
GTCR AP Finance Inc., 8.00%, 05/15/27 (Call 05/15/22)(a)	USD		50		50,880
H&E Equipment Services Inc., 3.88%, 12/15/28 (Call 12/15/23)(a)(b)	USD		125		118,906
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(c)	EUR		100		116,679
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)(a)	USD		65		66,300
4.88%, 05/15/26 (Call 02/15/26)(a)	USD		90		93,545
HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/26 (Call 03/15/26)(a)	USD		120		115,882
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles
Loyalty Ltd., 5.75%, 01/20/26 (Call 01/20/24)(a)	USD		125		127,835
HCA Inc.
3.50%, 09/01/30 (Call 03/01/30)	USD		240		240,000
5.38%, 02/01/25	USD		250		267,500
5.38%, 09/01/26 (Call 03/01/26)(b)	USD		75		81,243

11

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
5.63%, 09/01/28 (Call 03/01/28)	USD		140	$	156,031
5.88%, 05/01/23	USD		100		104,410
5.88%, 02/15/26 (Call 08/15/25)	USD		140		152,516
5.88%, 02/01/29 (Call 08/01/28)	USD		100		112,994
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 09/01/22)(a)(b)	USD		55		57,754
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/15/22)(a)	USD		100		102,897
Hertz Corp. (The)
4.63%, 12/01/26 (Call 12/01/23)(a)	USD		50		48,510
5.00%, 12/01/29 (Call 12/01/24)(a)	USD		105		101,438
Hess Midstream Operations LP
4.25%, 02/15/30 (Call 02/15/25)(a)(b)	USD		70		67,725
5.13%, 06/15/28 (Call 06/15/23)(a)(b)	USD		70		71,328
5.63%, 02/15/26 (Call 02/28/22)(a)	USD		50		51,000
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD		45		45,875
6.00%, 02/01/31 (Call 02/01/26)(a)	USD		70		71,225
6.25%, 11/01/28 (Call 11/01/23)(a)	USD		50		51,875
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)(a)	USD		155		147,444
3.75%, 05/01/29 (Call 05/01/24)(a)	USD		75		72,985
4.00%, 05/01/31 (Call 05/01/26)(a)(b)	USD		75		73,696
4.88%, 01/15/30 (Call 01/15/25)	USD		105		107,865
5.38%, 05/01/25 (Call 05/01/22)(a)	USD		10		10,281
5.75%, 05/01/28 (Call 05/01/23)(a)	USD		65		68,331
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc
4.88%, 07/01/31 (Call 07/01/26)(a)	USD		55		53,188
5.00%, 06/01/29 (Call 06/01/24)(a)	USD		50		49,770
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 04/01/22)	USD		60		61,201
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)(a)(b)	USD		50		47,563
Hologic Inc.
3.25%, 02/15/29 (Call 09/28/23)(a)	USD		75		71,062
4.63%, 02/01/28 (Call 02/01/23)(a)(b)	USD		25		26,000
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 02/01/24)(a)(b)	USD		65		62,178
4.38%, 02/01/31 (Call 02/01/26)(a)	USD		65		61,952
5.38%, 08/01/28 (Call 08/01/23)(a)	USD		65		66,157
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)	USD		75		70,904
5.13%, 10/01/24 (Call 07/01/24)	USD		55		57,415
6.88%, 05/01/25 (Call 04/01/25)	USD		55		60,823
HUB International Ltd.
5.63%, 12/01/29 (Call 12/01/24)(a)(b)	USD		65		64,187
7.00%, 05/01/26 (Call 02/08/22)(a)	USD		125		127,969
Hughes Satellite Systems Corp.
5.25%, 08/01/26	USD		70		74,535
6.63%, 08/01/26(b)	USD		75		80,477
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%, 02/01/29 (Call 08/01/28)	USD		85		80,816
4.75%, 09/15/24 (Call 06/15/24)	USD		100		101,511
5.25%, 05/15/27 (Call 11/15/26)	USD		142		143,022
6.25%, 05/15/26 (Call 05/15/22)	USD		105		107,861
6.38%, 12/15/25 (Call 02/28/22)	USD		45		45,806
6.75%, 02/01/24 (Call 02/18/22)	USD		65		65,150
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 01/15/23)(a)	USD		40		39,807
5.25%, 08/15/27 (Call 08/15/22)(a)	USD		70		70,897

		Par
Security			(000)		Value
United States (continued)
6.38%, 05/01/26 (Call 05/01/22)(b)	USD		75	$	77,622
8.38%, 05/01/27 (Call 05/01/22)(b)	USD		130		135,558
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/15/24)(a)(b)	USD		200		194,508
International Game Technology PLC
3.50%, 06/15/26 (Call 06/15/22)(c)	EUR		150		169,378
4.13%, 04/15/26 (Call 04/15/23)(a)	USD		50		49,922
6.25%, 01/15/27 (Call 07/15/26)(a)	USD		110		119,707
6.50%, 02/15/25 (Call 08/15/24)(a)	USD		150		159,828
IQVIA Inc.
1.75%, 03/15/26 (Call 03/15/23)(c)	EUR		100		111,780
2.25%, 03/15/29 (Call 03/15/24)(c)	EUR		100		108,149
2.88%, 06/15/28 (Call 06/15/23)(c)	EUR		100		112,210
5.00%, 05/15/27 (Call 05/15/22)(a)	USD		200		204,540
IRB Holding Corp.
6.75%, 02/15/26 (Call 02/28/22)(a)	USD		50		50,875
7.00%, 06/15/25 (Call 06/15/22)(a)	USD		75		78,484
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)(a)	USD		85		80,750
4.88%, 09/15/27 (Call 09/15/22)(a)	USD		75		75,165
4.88%, 09/15/29 (Call 09/15/24)(a)	USD		110		108,586
5.00%, 07/15/28 (Call 07/15/23)(a)(b)	USD		55		54,918
5.25%, 03/15/28 (Call 12/27/22)(a)	USD		55		55,894
5.25%, 07/15/30 (Call 07/15/25)(a)	USD		100		99,161
5.63%, 07/15/32 (Call 07/15/26)(a)	USD		60		60,756
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)(a)	USD		80		78,200
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 02/07/22)(c)	GBP		100		134,263
iStar Inc.
4.25%, 08/01/25 (Call 05/01/25)	USD		20		19,861
4.75%, 10/01/24 (Call 07/01/24)(b)	USD		75		76,094
5.50%, 02/15/26 (Call 08/15/22)	USD		50		50,924
ITT Holdings LLC, 6.50%, 08/01/29 (Call 08/01/24)(a)	USD		115		110,065
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)(a)	USD		110		108,310
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(a)	USD		100		99,036
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 02/28/22)(a)	USD		25		24,875
4.88%, 12/15/27 (Call 12/15/22)(a)	USD		25		25,564
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)(a)(b)	USD		35		32,902
4.63%, 03/01/28 (Call 03/01/23)(a)	USD		50		47,966
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 03/01/24)	USD		55		54,624
4.75%, 02/01/30 (Call 09/01/24)	USD		50		49,194
5.00%, 03/01/31 (Call 03/01/26)	USD		61		60,284
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 06/01/22)(a)	USD		75		76,315
Kraft Heinz Foods Co.
2.00%, 06/30/23 (Call 03/30/23)(c)	EUR		100		114,671
2.25%, 05/25/28 (Call 02/25/28)(c)	EUR		150		178,335
3.00%, 06/01/26 (Call 03/01/26)	USD		191		192,910
3.75%, 04/01/30 (Call 01/01/30)	USD		50		51,659
3.88%, 05/15/27 (Call 02/15/27)	USD		130		134,936
LABL Inc.
5.88%, 11/01/28 (Call 11/01/24)(a)	USD		70		69,300
6.75%, 07/15/26 (Call 07/15/22)(a)	USD		40		40,560
8.25%, 11/01/29 (Call 11/01/24)(a)(b)	USD		45		43,006
10.50%, 07/15/27 (Call 07/15/22)(a)	USD		35		35,957

12

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 02/01/23)(a)	USD		60	$	58,444
4.75%, 06/15/29 (Call 06/15/24)(a)	USD		70		68,400
5.25%, 10/01/25 (Call 02/14/22)(a)	USD		4		4,020
Lamar Media Corp.
3.63%, 01/15/31 (Call 01/15/26)	USD		45		41,931
3.75%, 02/15/28 (Call 02/15/23)	USD		50		48,655
4.00%, 02/15/30 (Call 02/15/25)	USD		60		57,588
4.88%, 01/15/29 (Call 01/15/24)	USD		40		40,633
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)(a)(b)	USD		50		49,423
4.38%, 01/31/32 (Call 01/31/27)(a)	USD		75		74,083
4.88%, 05/15/28 (Call 11/15/27)(a)	USD		60		62,268
Laredo Petroleum Inc.
7.75%, 07/31/29 (Call 07/31/24)(a)(b)	USD		25		24,150
9.50%, 01/15/25 (Call 02/28/22)	USD		50		50,841
LBM Acquisition LLC, 6.25%, 01/15/29 (Call 01/15/24)(a)(b)	USD		75		71,440
LCM Investments Holdings II LLC, 4.88%, 05/01/29 (Call 05/01/24)(a)	USD		90		86,789
LCPR Senior Secured Financing DAC
5.13%, 07/15/29 (Call 07/15/24)(a)	USD		100		97,750
6.75%, 10/15/27 (Call 10/15/22)(a)	USD		90		93,559
LD Holdings Group LLC
6.13%, 04/01/28 (Call 04/01/24)(a)	USD		40		35,674
6.50%, 11/01/25 (Call 11/01/22)(a)	USD		50		47,532
Legacy LifePoint Health LLC
4.38%, 02/15/27 (Call 02/28/22)(a)(b)	USD		60		58,838
6.75%, 04/15/25 (Call 04/15/22)(a)	USD		35		36,234
Level 3 Financing Inc.
3.63%, 01/15/29 (Call 01/15/24)(a)	USD		80		72,700
3.75%, 07/15/29 (Call 01/15/24)(a)	USD		65		59,324
4.25%, 07/01/28 (Call 07/01/23)(a)(b)	USD		100		95,395
4.63%, 09/15/27 (Call 09/15/22)(a)	USD		100		99,551
5.25%, 03/15/26 (Call 02/28/22)	USD		50		50,815
5.38%, 05/01/25 (Call 02/28/22)	USD		95		96,393
Levi Strauss & Co., 3.38%, 03/15/27 (Call 03/15/22)	EUR		100		113,379
Liberty Mutual Group Inc.
3.63%, 05/23/59 (Call 05/23/24)(c)(d)	EUR		100		114,221
4.13%, 12/15/51 (Call 09/15/26)(a)(d)	USD		100		98,549
Life Time Inc.
5.75%, 01/15/26 (Call 01/15/23)(a)	USD		93		93,581
8.00%, 04/15/26 (Call 02/01/23)(a)(b)	USD		45		45,999
Lifepoint Health Inc., 5.38%, 01/15/29 (Call 01/15/24)(a)(b)	USD		45		42,888
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29 (Call 04/15/24)(a)	USD		90		89,550
Lithia Motors Inc.
3.88%, 06/01/29 (Call 06/01/24)(a)(b)	USD		100		98,262
4.38%, 01/15/31 (Call 10/15/25)(a)	USD		65		65,516
Live Nation Entertainment Inc.
3.75%, 01/15/28 (Call 01/15/24)(a)	USD		35		33,841
4.75%, 10/15/27 (Call 10/15/22)(a)(b)	USD		100		98,734
6.50%, 05/15/27 (Call 05/15/23)(a)	USD		160		172,211
Lkq Italia Bondco Di Lkq Italia Bondco Gp SRL E C SAPA, 3.88%, 04/01/24 (Call 01/01/24)(c)	EUR		100		118,374
LPL Holdings Inc.
4.00%, 03/15/29 (Call 03/15/24)(a)	USD		60		58,376
4.38%, 05/15/31 (Call 05/15/26)(a)	USD		35		34,237
4.63%, 11/15/27 (Call 11/15/22)(a)(b)	USD		50		50,652

		Par
Security			(000)		Value
United States (continued)
Lumen Technologies Inc.
4.00%, 02/15/27 (Call 02/15/23)(a)	USD		80	$	76,800
4.50%, 01/15/29 (Call 01/15/24)(a)	USD		110		100,732
5.13%, 12/15/26 (Call 12/15/22)(a)	USD		105		105,753
5.38%, 06/15/29 (Call 06/15/24)(a)	USD		90		85,446
5.63%, 04/01/25 (Call 01/01/25)	USD		65		67,031
Series W, 6.75%, 12/01/23	USD		75		79,580
Series Y, 7.50%, 04/01/24 (Call 01/01/24)	USD		100		106,925
Macy’s Retail Holdings LLC
3.63%, 06/01/24 (Call 03/01/24)	USD		24		24,342
5.88%, 04/01/29 (Call 04/01/24)(a)	USD		60		61,200
Madison IAQ LLC
4.13%, 06/30/28 (Call 06/30/24)(a)(b)	USD		75		72,000
5.88%, 06/30/29 (Call 06/30/24)(a)	USD		80		74,419
Marriott Ownership Resorts Inc.
4.50%, 06/15/29 (Call 06/15/24)(a)	USD		60		58,331
6.13%, 09/15/25 (Call 05/15/22)(a)	USD		7		7,235
Matador Resources Co., 5.88%, 09/15/26 (Call 02/14/22)	USD		105		106,446
Match Group Holdings II LLC
3.63%, 10/01/31 (Call 10/01/26)(a)(b)	USD		60		55,006
4.13%, 08/01/30 (Call 05/01/25)(a)	USD		40		38,400
4.63%, 06/01/28 (Call 06/01/23)(a)	USD		35		34,610
5.00%, 12/15/27 (Call 12/15/22)(a)	USD		25		25,653
Mattel Inc.
3.38%, 04/01/26 (Call 04/01/23)(a)	USD		40		39,876
3.75%, 04/01/29 (Call 04/01/24)(a)	USD		40		40,039
5.88%, 12/15/27 (Call 12/15/22)(a)(b)	USD		60		63,698
Mauser Packaging Solutions Holding Co.
4.75%, 04/15/24 (Call 02/28/22)(c)	EUR		100		111,616
5.50%, 04/15/24 (Call 02/28/22)(a)	USD		110		109,862
7.25%, 04/15/25 (Call 02/28/22)(a)(b)	USD		160		158,456
McGraw-Hill Education Inc.
5.75%, 08/01/28 (Call 08/01/24)(a)	USD		100		95,000
8.00%, 08/01/29 (Call 08/01/24)(a)	USD		50		47,026
MEDNAX Inc., 6.25%, 01/15/27 (Call 02/11/22)(a)	USD		100		104,483
Mercer International Inc., 5.13%, 02/01/29 (Call 02/01/24)(b)	USD		85		83,886
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)(a)	USD		40		40,318
6.00%, 06/01/25 (Call 03/01/25)(b)	USD		50		54,344
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc.
3.88%, 02/15/29 (Call 11/15/28)(a)	USD		90		93,573
4.50%, 09/01/26 (Call 06/01/26)	USD		65		68,385
4.63%, 06/15/25 (Call 03/15/25)(a)	USD		145		152,350
5.63%, 05/01/24 (Call 02/01/24)	USD		130		137,120
5.75%, 02/01/27 (Call 11/01/26)	USD		120		133,200
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)	USD		37		37,411
4.75%, 10/15/28 (Call 07/15/28)	USD		65		64,535
5.50%, 04/15/27 (Call 01/15/27)	USD		61		63,020
5.75%, 06/15/25 (Call 03/15/25)(b)	USD		65		68,341
6.00%, 03/15/23	USD		105		108,448
6.75%, 05/01/25 (Call 05/01/22)	USD		50		51,750
Michaels Companies Inc (The)
5.25%, 05/01/28 (Call 11/01/23)(a)	USD		90		86,690
7.88%, 05/01/29 (Call 05/01/24)(a)(b)	USD		115		105,225
Midas OpCo Holdings LLC, 5.63%, 08/15/29 (Call 08/15/24)(a)	USD		100		98,169

13

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
Midcap Financial Issuer Trust, 6.50%, 05/01/28 (Call 05/01/24)(a)	USD		100	$	100,746
Minerva Merger Sub Inc., 6.50%, 02/15/30	USD		205		204,487
ModivCare Escrow Issuer Inc., 5.00%, 10/01/29 (Call 10/01/24)(a)	USD		60		58,114
Mohegan Gaming & Entertainment, 8.00%, 02/01/26 (Call 02/01/23)(a)	USD		135		136,856
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)(a)	USD		65		64,267
3.88%, 05/15/32 (Call 02/15/32)(a)	USD		85		82,025
4.38%, 06/15/28 (Call 06/15/23)(a)(b)	USD		30		30,150
Moss Creek Resources Holdings Inc.
7.50%, 01/15/26 (Call 02/28/22)(a)	USD		65		59,489
10.50%, 05/15/27 (Call 05/15/22)(a)	USD		40		39,181
Mozart Debt Merger Sub Inc.
3.88%, 04/01/29 (Call 10/01/24)(a)	USD		405		390,403
5.25%, 10/01/29 (Call 10/01/24)(a)	USD		215		209,087
MPH Acquisition Holdings LLC
5.50%, 09/01/28 (Call 09/01/24)(a)	USD		100		96,025
5.75%, 11/01/28 (Call 11/01/23)(a)(b)	USD		115		103,500
MPT Operating Partnership LP/MPT Finance Corp.
0.99%, 10/15/26 (Call 09/15/26)	EUR		100		110,059
3.38%, 04/24/30 (Call 01/24/30)	GBP		125		167,939
3.50%, 03/15/31 (Call 03/15/26)	USD		85		82,264
4.63%, 08/01/29 (Call 08/01/24)(b)	USD		90		92,436
5.00%, 10/15/27 (Call 10/15/22)	USD		125		128,327
5.25%, 08/01/26 (Call 02/28/22)	USD		65		66,594
MSCI Inc.
3.25%, 08/15/33 (Call 08/15/27)(a)	USD		70		65,744
3.63%, 09/01/30 (Call 03/01/25)(a)	USD		60		58,795
3.63%, 11/01/31 (Call 11/01/26)(a)	USD		75		73,794
3.88%, 02/15/31 (Call 06/01/25)(a)	USD		100		99,477
4.00%, 11/15/29 (Call 11/15/24)(a)	USD		75		75,469
Murphy Oil Corp.
5.75%, 08/15/25 (Call 02/28/22)(b)	USD		50		50,863
5.88%, 12/01/27 (Call 12/01/22)	USD		55		56,001
6.38%, 07/15/28 (Call 07/15/24)	USD		50		51,691
Murphy Oil USA Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD		35		33,031
4.75%, 09/15/29 (Call 09/15/24)	USD		50		50,726
Nabors Industries Inc.
5.75%, 02/01/25 (Call 11/01/24)	USD		50		46,430
7.38%, 05/15/27 (Call 05/15/24)(a)	USD		65		66,521
Nabors Industries Ltd., 7.25%, 01/15/26 (Call 07/15/22)(a)	USD		50		48,000
Nationstar Mortgage Holdings Inc.
5.13%, 12/15/30 (Call 12/15/25)(a)	USD		55		51,631
5.50%, 08/15/28 (Call 08/15/23)(a)	USD		75		73,491
5.75%, 11/15/31 (Call 11/15/26)(a)	USD		50		48,381
6.00%, 01/15/27 (Call 01/15/23)(a)(b)	USD		60		62,174
Navient Corp.
4.88%, 03/15/28 (Call 06/15/27)	USD		70		66,937
5.00%, 03/15/27 (Call 09/15/26)(b)	USD		65		63,202
5.50%, 03/15/29 (Call 06/15/28)(b)	USD		65		63,538
5.88%, 10/25/24	USD		65		67,458
6.13%, 03/25/24	USD		55		57,296
6.75%, 06/25/25	USD		65		68,787
6.75%, 06/15/26	USD		65		68,857
NCL Corp. Ltd.
3.63%, 12/15/24 (Call 02/08/22)(a)(b)	USD		50		46,000
5.88%, 03/15/26 (Call 12/15/25)(a)	USD		80		75,699

		Par
Security			(000)		Value
United States (continued)
10.25%, 02/01/26 (Call 08/01/23)(a)	USD		55	$	62,394
12.25%, 05/15/24 (Call 02/15/24)(a)	USD		42		48,917
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(a)(b)	USD		65		61,222
NCR Corp.
5.00%, 10/01/28 (Call 10/01/23)(a)(b)	USD		70		69,655
5.13%, 04/15/29 (Call 04/15/24)(a)(b)	USD		60		59,903
5.25%, 10/01/30 (Call 10/01/25)(a)	USD		45		44,245
5.75%, 09/01/27 (Call 09/01/22)(a)	USD		65		66,233
6.13%, 09/01/29 (Call 09/01/24)(a)	USD		50		52,553
New Fortress Energy Inc.
6.50%, 09/30/26 (Call 03/31/23)(a)	USD		100		93,843
6.75%, 09/15/25 (Call 09/15/22)(a)	USD		125		118,345
Newell Brands Inc.
4.35%, 04/01/23 (Call 02/01/23)	USD		100		101,679
4.70%, 04/01/26 (Call 01/01/26)	USD		150		157,217
4.88%, 06/01/25 (Call 05/01/25)	USD		65		68,250
News Corp., 3.88%, 05/15/29 (Call 05/15/24)(a)	USD		110		105,605
Nexstar Media Inc.
4.75%, 11/01/28 (Call 11/01/23)(a)	USD		100		98,931
5.63%, 07/15/27 (Call 07/15/22)(a)	USD		125		128,633
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)(a)	USD		65		65,618
4.25%, 07/15/24 (Call 04/15/24)(a)	USD		45		46,322
4.50%, 09/15/27 (Call 06/15/27)(a)	USD		65		65,844
NFP Corp.
4.88%, 08/15/28 (Call 08/15/23)(a)	USD		60		58,600
6.88%, 08/15/28 (Call 08/15/23)(a)	USD		220		209,275
NGL Energy Operating LLC/NGL Energy Finance Corp.,
7.50%, 02/01/26 (Call 02/01/23)(a)	USD		165		167,062
NGL Energy Partners LP/NGL Energy Finance Corp.,
7.50%, 11/01/23 (Call 02/28/22)	USD		65		63,356
Nielsen Co Luxembourg SARL (The), 5.00%, 02/01/25 (Call 02/28/22)(a)(b)	USD		40		40,300
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 07/15/29 (Call 07/15/24)(a)	USD		55		51,202
4.75%, 07/15/31 (Call 07/15/26)(a)	USD		40		37,249
5.63%, 10/01/28 (Call 10/01/23)(a)	USD		95		95,313
5.88%, 10/01/30 (Call 10/01/25)(a)	USD		70		70,091
NMG Holding Co. Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26 (Call 04/01/23)(a)	USD		110		113,419
Nordstrom Inc.
4.25%, 08/01/31 (Call 05/01/31)	USD		25		23,117
4.38%, 04/01/30 (Call 01/01/30)(b)	USD		50		46,842
NortonLifeLock Inc., 5.00%, 04/15/25 (Call 02/08/22)(a)	USD		90		90,112
Novelis Corp.
3.25%, 11/15/26 (Call 11/15/23)(a)	USD		80		77,484
3.88%, 08/15/31 (Call 08/15/26)(a)	USD		75		70,500
4.75%, 01/30/30 (Call 01/30/25)(a)(b)	USD		120		119,742
NRG Energy Inc.
3.38%, 02/15/29 (Call 02/15/24)(a)	USD		35		32,394
3.63%, 02/15/31 (Call 02/15/26)(a)	USD		70		64,925
3.88%, 02/15/32 (Call 02/15/27)(a)	USD		100		94,025
5.25%, 06/15/29 (Call 06/15/24)(a)(b)	USD		90		92,385
5.75%, 01/15/28 (Call 01/15/23)	USD		80		82,799
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)	USD		25		25,509
5.75%, 10/01/25 (Call 07/01/25)	USD		60		62,747
6.00%, 06/01/26 (Call 03/01/26)	USD		40		42,002
6.38%, 10/01/30 (Call 04/01/30)(b)	USD		55		59,133

14

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
Occidental Petroleum Corp.
2.90%, 08/15/24 (Call 07/15/24)	USD		100	$	100,039
3.00%, 02/15/27 (Call 11/15/26)	USD		75		72,571
3.20%, 08/15/26 (Call 06/15/26)	USD		75		73,775
3.40%, 04/15/26 (Call 01/15/26)	USD		75		74,262
3.50%, 08/15/29 (Call 05/15/29)(b)	USD		100		98,500
5.50%, 12/01/25 (Call 09/01/25)	USD		45		47,815
5.55%, 03/15/26 (Call 12/15/25)	USD		95		101,265
5.88%, 09/01/25 (Call 06/01/25)	USD		85		90,797
6.13%, 01/01/31 (Call 07/01/30)(b)	USD		100		115,625
6.38%, 09/01/28 (Call 03/01/28)	USD		65		73,734
6.63%, 09/01/30 (Call 03/01/30)(b)	USD		140		164,375
6.95%, 07/01/24	USD		50		54,250
7.50%, 05/01/31	USD		50		61,769
7.88%, 09/15/31	USD		50		63,065
8.00%, 07/15/25 (Call 04/15/25)	USD		55		62,410
8.50%, 07/15/27 (Call 01/15/27)	USD		65		78,137
8.88%, 07/15/30 (Call 01/15/30)	USD		100		129,875
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)(c)	EUR		100		113,980
4.75%, 02/15/30 (Call 11/15/24)(a)(b)	USD		30		29,186
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)	USD		65		66,243
5.13%, 09/15/27 (Call 03/15/22)	USD		40		40,809
5.63%, 08/01/29 (Call 08/01/24)	USD		45		47,297
Olympus Water U.S. Holding Corp.
3.88%, 10/01/28 (Call 10/01/24)(c)	EUR		100		109,013
4.25%, 10/01/28 (Call 10/01/24)(a)	USD		125		119,195
OneMain Finance Corp.
3.50%, 01/15/27 (Call 01/15/24)	USD		90		85,725
3.88%, 09/15/28 (Call 09/15/24)	USD		50		46,797
4.00%, 09/15/30 (Call 09/15/25)(b)	USD		90		84,113
5.38%, 11/15/29 (Call 05/15/29)	USD		50		50,858
5.63%, 03/15/23	USD		100		103,130
6.13%, 03/15/24 (Call 09/15/23)	USD		90		94,275
6.63%, 01/15/28 (Call 07/15/27)	USD		50		53,929
6.88%, 03/15/25	USD		130		141,221
7.13%, 03/15/26	USD		125		137,735
8.88%, 06/01/25 (Call 06/01/22)	USD		75		79,687
Organon & Co./Organon Foreign Debt Co-Issuer BV
4.13%, 04/30/28 (Call 04/30/24)(a)	USD		200		197,560
5.13%, 04/30/31 (Call 04/30/26)(a)	USD		150		150,000
Organon & Co./Organon Foreign Debt Co-Issuer BV., 2.88%, 04/30/28 (Call 04/30/24)(c)	EUR		150		163,510
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.25%, 01/15/29 (Call 01/15/24)(a)	USD		40		37,485
4.63%, 03/15/30 (Call 03/15/25)(a)	USD		65		62,382
5.00%, 08/15/27 (Call 08/15/22)(a)	USD		30		29,799
6.25%, 06/15/25 (Call 06/15/22)(a)	USD		55		57,163
Owens-Brockway Glass Container Inc.
5.88%, 08/15/23(a)	USD		65		66,974
6.63%, 05/13/27 (Call 05/15/23)(a)	USD		65		68,103
Pactiv Evergreen Group Issuer Inc/Pactiv Evergreen Group Issuer LLC/Reynolds Gro, 4.00%, 10/15/27 (Call 10/15/23)(a)	USD		90		85,275
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc., 4.38%, 10/15/28 (Call 10/15/24)(a)	USD		40		38,300
Par Pharmaceutical Inc., 7.50%, 04/01/27 (Call 04/01/22)(a)	USD		186		187,162

		Par
Security			(000)		Value
United States (continued)
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
4.88%, 05/15/29 (Call 05/15/24)(a)	USD		85	$	83,951
5.88%, 10/01/28 (Call 10/01/23)(a)	USD		55		56,246
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28 (Call 02/15/23)	USD		85		59,659
7.25%, 06/15/25 (Call 02/28/22)	USD		50		39,764
9.25%, 05/15/25 (Call 05/15/22)(a)	USD		100		97,687
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 02/15/24)(a)	USD		40		36,000
5.38%, 10/15/25 (Call 10/15/22)(a)	USD		75		74,941
5.75%, 09/15/31 (Call 09/15/26)(a)	USD		50		47,803
Penske Automotive Group Inc.
3.50%, 09/01/25 (Call 09/01/22)	USD		45		44,783
3.75%, 06/15/29 (Call 06/15/24)	USD		50		47,014
Performance Food Group Inc.
4.25%, 08/01/29 (Call 08/01/24)(a)	USD		110		103,297
5.50%, 10/15/27 (Call 10/15/22)(a)(b)	USD		85		86,737
Perrigo Finance Unlimited Co.
3.90%, 12/15/24 (Call 09/15/24)	USD		50		50,746
4.38%, 03/15/26 (Call 12/15/25)	USD		150		152,954
PetSmart Inc./PetSmart Finance Corp.
4.75%, 02/15/28 (Call 02/15/24)(a)(b)	USD		150		149,753
7.75%, 02/15/29 (Call 02/15/24)(a)	USD		75		80,455
PG&E Corp.
5.00%, 07/01/28 (Call 07/01/23)(b)	USD		100		99,887
5.25%, 07/01/30 (Call 07/01/25)(b)	USD		70		69,484
Photo Holdings Merger Sub Inc., 8.50%, 10/01/26 (Call 10/01/22)(a)(b)	USD		75		75,866
Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 06/15/22)(a)	USD		45		46,682
Pilgrim’s Pride Corp.
3.50%, 03/01/32 (Call 09/01/26)(a)	USD		100		95,153
4.25%, 04/15/31 (Call 04/15/26)(a)	USD		90		88,897
5.88%, 09/30/27 (Call 09/30/22)(a)	USD		80		83,495
Post Holdings Inc.
4.50%, 09/15/31 (Call 09/15/26)(a)(b)	USD		155		147,567
4.63%, 04/15/30 (Call 04/15/25)(a)(b)	USD		180		173,475
5.50%, 12/15/29 (Call 12/15/24)(a)(b)	USD		85		87,443
5.63%, 01/15/28 (Call 12/01/22)(a)(b)	USD		70		71,881
5.75%, 03/01/27 (Call 03/01/22)(a)	USD		140		143,834
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.
5.63%, 09/01/29 (Call 09/01/24)(a)	USD		65		61,172
5.88%, 09/01/31 (Call 09/01/26)(a)	USD		60		56,513
Prestige Brands Inc.
3.75%, 04/01/31 (Call 04/01/26)(a)	USD		45		40,893
5.13%, 01/15/28 (Call 01/15/23)(a)	USD		50		50,374
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)(a)(b)	USD		95		88,706
5.25%, 04/15/24(a)	USD		70		72,170
5.75%, 04/15/26(a)	USD		110		113,795
6.25%, 01/15/28 (Call 01/15/23)(a)(b)	USD		110		109,900
PTC Inc.
3.63%, 02/15/25 (Call 02/28/22)(a)	USD		65		65,244
4.00%, 02/15/28 (Call 02/15/23)(a)	USD		40		39,763
QVC Inc.
4.38%, 03/15/23	USD		70		70,879
4.38%, 09/01/28 (Call 06/01/28)	USD		15		13,802
4.45%, 02/15/25 (Call 11/15/24)	USD		50		50,519

15

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
4.75%, 02/15/27 (Call 11/15/26)	USD		70	$	66,518
4.85%, 04/01/24	USD		75		75,982
Rackspace Technology Global Inc.
3.50%, 02/15/28 (Call 02/15/24)(a)	USD		70		65,275
5.38%, 12/01/28 (Call 12/01/23)(a)(b)	USD		50		46,625
Radian Group Inc.
4.50%, 10/01/24 (Call 07/01/24)	USD		50		51,359
4.88%, 03/15/27 (Call 09/15/26)	USD		50		51,750
6.63%, 03/15/25 (Call 09/15/24)	USD		45		48,498
Radiate Holdco LLC/Radiate Finance Inc.
4.50%, 09/15/26 (Call 09/15/23)(a)	USD		90		87,115
6.50%, 09/15/28 (Call 09/15/23)(a)	USD		80		77,172
Radiology Partners Inc., 9.25%, 02/01/28 (Call 02/01/23)(a)	USD		75		74,719
Range Resources Corp.
4.75%, 02/15/30	USD		10		10,013
4.88%, 05/15/25 (Call 02/15/25)	USD		70		71,327
5.00%, 03/15/23 (Call 12/15/22)	USD		40		40,550
8.25%, 01/15/29 (Call 01/15/24)	USD		55		60,805
9.25%, 02/01/26 (Call 02/01/22)	USD		85		90,835
Realogy Group LLC, 5.25%, 04/15/30 (Call 04/15/25)	USD		53		50,748
Realogy Group LLC/Realogy Co-Issuer Corp.
4.88%, 06/01/23 (Call 03/01/23)(a)	USD		50		51,106
5.75%, 01/15/29 (Call 01/15/24)(a)(b)	USD		80		78,601
7.63%, 06/15/25 (Call 02/04/22)(a)(b)	USD		65		68,952
9.38%, 04/01/27 (Call 02/04/22)(a)	USD		65		70,494
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 02/28/22)(a)	USD		155		163,331
RHP Hotel Properties LP/RHP Finance Corp.
4.50%, 02/15/29 (Call 02/15/24)(a)	USD		65		62,893
4.75%, 10/15/27 (Call 10/15/22)	USD		55		54,269
Ritchie Bros Holdings Inc., 4.75%, 12/15/31 (Call 12/15/26)(a)	USD		60		60,432
Rite Aid Corp.
7.50%, 07/01/25 (Call 07/01/22)(a)	USD		52		50,964
8.00%, 11/15/26 (Call 01/15/23)(a)	USD		89		87,375
RLJ Lodging Trust LP, 4.00%, 09/15/29 (Call 09/15/24)(a)	USD		70		66,063
ROBLOX Corp., 3.88%, 05/01/30 (Call 11/01/24)(a)(b)	USD		90		87,216
Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc.
3.63%, 03/01/29 (Call 03/01/24)(a)	USD		45		42,131
3.88%, 03/01/31 (Call 03/01/26)(a)	USD		105		98,278
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc.
2.88%, 10/15/26 (Call 10/15/23)(a)	USD		85		80,841
4.00%, 10/15/33 (Call 10/15/27)(a)	USD		120		112,107
Rockies Express Pipeline LLC, 4.95%, 07/15/29 (Call 04/15/29)(a)	USD		50		50,426
RP Escrow Issuer LLC, 5.25%, 12/15/25 (Call 12/15/22)(a)	USD		70		68,162
Sabre GLBL Inc.
7.38%, 09/01/25 (Call 09/01/22)(a)(b)	USD		80		82,237
9.25%, 04/15/25 (Call 03/16/25)(a)	USD		65		72,719
SBA Communications Corp.
3.13%, 02/01/29 (Call 02/01/24)	USD		165		153,772
3.88%, 02/15/27 (Call 02/15/23)(b)	USD		125		126,471
Scientific Games International Inc.
3.38%, 02/15/26 (Call 02/28/22)(c)	EUR		100		112,851
5.00%, 10/15/25 (Call 02/28/22)(a)	USD		155		158,584
7.00%, 05/15/28 (Call 05/15/23)(a)	USD		85		89,271
7.25%, 11/15/29 (Call 11/15/24)(a)(b)	USD		65		70,401
8.25%, 03/15/26 (Call 03/15/22)(a)	USD		135		140,906
8.63%, 07/01/25 (Call 07/01/22)(a)	USD		60		63,494

		Par
Security			(000)		Value
United States (continued)
SCIH Salt Holdings Inc.
4.88%, 05/01/28 (Call 05/01/24)(a)	USD		100	$	93,750
6.63%, 05/01/29 (Call 05/01/24)(a)(b)	USD		75		69,984
Scotts Miracle-Gro Co. (The), 4.50%, 10/15/29 (Call 10/15/24)	USD		50		50,750
Scotts Miracle-Gro Co./The
4.00%, 04/01/31	USD		45		42,975
4.38%, 02/01/32	USD		30		29,085
Scripps Escrow II Inc.
3.88%, 01/15/29 (Call 01/15/24)(a)	USD		20		19,104
5.38%, 01/15/31 (Call 01/15/26)(a)	USD		45		44,550
Scripps Escrow Inc., 5.88%, 07/15/27 (Call 07/15/22)(a)	USD		50		51,500
Seagate HDD Cayman
4.09%, 06/01/29 (Call 03/01/29)	USD		50		48,900
4.88%, 03/01/24 (Call 01/01/24)	USD		75		77,437
4.88%, 06/01/27 (Call 03/01/27)	USD		50		52,130
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)(a)	USD		55		55,388
5.13%, 12/01/24 (Call 09/01/24)(a)	USD		30		31,650
5.25%, 04/01/23 (Call 01/01/23)(a)(b)	USD		25		25,609
5.50%, 09/15/25 (Call 06/15/25)(a)	USD		25		26,896
Select Medical Corp., 6.25%, 08/15/26 (Call 08/15/22)(a)(b)	USD		80		82,300
Sensata Technologies BV, 4.00%, 04/15/29 (Call 04/15/24)(a)	USD		75		73,778
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD		80		75,112
4.38%, 02/15/30 (Call 11/15/29)(a)	USD		55		54,894
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)	USD		75		70,035
4.00%, 05/15/31 (Call 05/15/26)	USD		75		72,575
4.63%, 12/15/27 (Call 12/15/22)	USD		25		25,688
5.13%, 06/01/29 (Call 06/01/24)(b)	USD		75		78,570
Service Properties Trust
3.95%, 01/15/28 (Call 07/15/27)	USD		25		22,000
4.35%, 10/01/24 (Call 09/01/24)	USD		50		47,699
4.38%, 02/15/30 (Call 08/15/29)	USD		35		30,248
4.75%, 10/01/26 (Call 08/01/26)	USD		50		46,537
4.95%, 02/15/27 (Call 08/15/26)	USD		25		23,250
4.95%, 10/01/29 (Call 07/01/29)	USD		50		45,170
5.50%, 12/15/27 (Call 09/15/27)	USD		65		64,601
7.50%, 09/15/25 (Call 06/15/25)	USD		90		94,860
Silgan Holdings Inc., 3.25%, 03/15/25 (Call 02/28/22)	EUR		100		111,945
Sinclair Television Group Inc.
4.13%, 12/01/30 (Call 12/01/25)(a)	USD		80		73,734
5.13%, 02/15/27 (Call 02/14/22)(a)	USD		25		23,590
5.50%, 03/01/30 (Call 12/01/24)(a)	USD		40		37,158
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 09/01/23)(a)(b)	USD		105		101,048
3.88%, 09/01/31 (Call 09/01/26)(a)	USD		120		111,000
4.00%, 07/15/28 (Call 07/15/24)(a)	USD		195		188,662
4.13%, 07/01/30 (Call 07/01/25)(a)	USD		120		114,328
5.00%, 08/01/27 (Call 08/01/22)(a)	USD		115		117,587
5.50%, 07/01/29 (Call 07/01/24)(a)(b)	USD		130		134,946
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 02/28/22)(a)	USD		75		75,098
5.50%, 04/15/27 (Call 04/15/22)(a)(b)	USD		65		65,510
Six Flags Theme Parks Inc., 7.00%, 07/01/25 (Call 07/01/22)(a)	USD		35		36,473

16

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)(b)	USD		50	$	48,130
4.20%, 10/29/25 (Call 09/29/25)(b)	USD		50		51,338
SM Energy Co.
6.50%, 07/15/28 (Call 07/15/24)(b)	USD		45		46,350
6.63%, 01/15/27 (Call 02/28/22)	USD		50		51,375
10.00%, 01/15/25 (Call 06/17/22)(a)	USD		55		59,949
Sonic Automotive Inc.
4.63%, 11/15/29 (Call 11/15/24)(a)	USD		65		63,464
4.88%, 11/15/31 (Call 11/15/26)(a)(b)	USD		57		55,148
Sotheby’s, 7.38%, 10/15/27 (Call 10/15/22)(a)	USD		50		52,000
Southwestern Energy Co.
4.75%, 02/01/32 (Call 02/01/27)	USD		65		64,995
5.38%, 02/01/29 (Call 02/01/24)	USD		75		76,219
5.38%, 03/15/30 (Call 03/15/25)	USD		115		117,726
7.75%, 10/01/27 (Call 10/01/22)(b)	USD		65		69,220
Spectrum Brands Inc.
3.88%, 03/15/31 (Call 03/15/26)(a)	USD		55		51,754
5.75%, 07/15/25 (Call 02/28/22)	USD		41		41,870
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)(b)	USD		75		72,626
5.50%, 01/15/25 (Call 10/15/22)(a)	USD		65		66,774
7.50%, 04/15/25 (Call 04/15/22)(a)	USD		75		77,712
Sprint Corp.
7.13%, 06/15/24	USD		240		261,714
7.63%, 02/15/25 (Call 11/15/24)	USD		115		128,656
7.63%, 03/01/26 (Call 11/01/25)	USD		140		160,509
7.88%, 09/15/23	USD		385		415,800
SRM Escrow Issuer LLC, 6.00%, 11/01/28 (Call 11/01/23)(a)	USD		110		112,879
SRS Distribution Inc.
4.63%, 07/01/28 (Call 07/01/24)(a)	USD		30		29,175
6.00%, 12/01/29 (Call 12/01/24)(a)	USD		85		82,672
6.13%, 07/01/29 (Call 07/01/24)(a)(b)	USD		50		48,854
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 03/30/22)(a)(b)	USD		175		180,761
Standard Industries Inc./NJ
2.25%, 11/21/26 (Call 08/21/26)(c)	EUR		100		106,031
3.38%, 01/15/31 (Call 07/15/25)(a)	USD		110		100,100
4.38%, 07/15/30 (Call 07/15/25)(a)(b)	USD		125		119,558
4.75%, 01/15/28 (Call 01/15/23)(a)	USD		75		74,358
5.00%, 02/15/27 (Call 02/28/22)(a)	USD		85		85,425
Staples Inc.
7.50%, 04/15/26 (Call 04/15/22)(a)	USD		150		147,937
10.75%, 04/15/27 (Call 04/15/22)(a)(b)	USD		100		93,208
Starwood Property Trust, 4.38%, 01/15/27	USD		50		49,250
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)(a)	USD		40		38,959
3.75%, 12/31/24 (Call 09/30/24)(a)	USD		55		54,931
Station Casinos LLC
4.50%, 02/15/28 (Call 02/15/23)(a)(b)	USD		75		73,031
4.63%, 12/01/31 (Call 06/01/31)(a)	USD		30		28,423
Stericycle Inc., 3.88%, 01/15/29 (Call 11/15/23)(a)	USD		60		57,113
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 (Call 06/01/26)(a)	USD		50		49,306
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 (Call 07/15/23)(a)	USD		65		66,300
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29 (Call 05/15/24)	USD		35		34,143
4.50%, 04/30/30 (Call 04/30/25)(a)	USD		73		71,961

		Par
Security			(000)		Value
United States (continued)
5.88%, 03/15/28 (Call 03/15/23)(b)	USD		50	$	51,822
6.00%, 04/15/27 (Call 04/15/22)(b)	USD		75		77,344
Switch Ltd.
3.75%, 09/15/28 (Call 09/15/23)(a)	USD		25		23,918
4.13%, 06/15/29 (Call 06/15/24)(a)	USD		55		53,458
Talen Energy Supply LLC
6.50%, 06/01/25 (Call 02/28/22)	USD		70		30,061
6.63%, 01/15/28 (Call 01/15/23)(a)	USD		60		52,827
7.25%, 05/15/27 (Call 05/15/22)(a)	USD		70		62,825
7.63%, 06/01/28 (Call 06/01/23)(a)	USD		15		13,434
10.50%, 01/15/26 (Call 02/28/22)(a)	USD		75		34,853
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
5.50%, 01/15/28 (Call 01/15/23)(a)	USD		45		43,020
6.00%, 03/01/27 (Call 03/01/23)(a)(b)	USD		55		55,894
6.00%, 12/31/30 (Call 12/31/25)(a)	USD		65		62,368
6.00%, 09/01/31 (Call 09/01/26)(a)	USD		50		47,635
7.50%, 10/01/25 (Call 10/01/22)(a)	USD		50		52,665
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
4.00%, 01/15/32 (Call 07/15/26)(a)	USD		110		109,587
4.88%, 02/01/31 (Call 02/01/26)	USD		100		104,625
5.00%, 01/15/28 (Call 01/15/23)	USD		40		40,953
5.38%, 02/01/27 (Call 02/28/22)	USD		40		41,009
5.50%, 03/01/30 (Call 03/01/25)(b)	USD		100		106,037
5.88%, 04/15/26 (Call 02/28/22)	USD		100		103,042
6.50%, 07/15/27 (Call 07/15/22)	USD		45		47,732
6.88%, 01/15/29 (Call 01/15/24)	USD		50		54,579
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(a)(b)	USD		50		51,918
5.75%, 01/15/28 (Call 10/15/27)(a)	USD		55		58,575
5.88%, 06/15/27 (Call 03/15/27)(a)	USD		40		42,900
TEGNA Inc.
4.63%, 03/15/28 (Call 03/15/23)(b)	USD		100		98,123
4.75%, 03/15/26 (Call 03/15/23)(a)	USD		55		55,888
5.00%, 09/15/29 (Call 09/15/24)(b)	USD		95		93,732
Teleflex Inc., 4.25%, 06/01/28 (Call 06/01/23)(a)	USD		110		109,345
Tempur Sealy International Inc., 3.88%, 10/15/31 (Call 10/15/26)(a)	USD		130		121,671
Tenet Healthcare Corp.
4.25%, 06/01/29 (Call 06/01/24)(a)	USD		125		120,561
4.38%, 01/15/30 (Call 12/01/24)(a)	USD		150		144,613
4.63%, 07/15/24 (Call 02/28/22)	USD		72		72,287
4.63%, 09/01/24 (Call 02/14/22)(a)	USD		50		50,607
4.63%, 06/15/28 (Call 06/15/23)(a)	USD		65		64,473
4.88%, 01/01/26 (Call 03/01/22)(a)	USD		165		165,659
5.13%, 11/01/27 (Call 11/01/22)(a)	USD		135		135,298
6.13%, 10/01/28 (Call 10/01/23)(a)	USD		200		199,926
6.25%, 02/01/27 (Call 02/28/22)(a)	USD		160		163,730
6.75%, 06/15/23	USD		185		193,614
7.50%, 04/01/25 (Call 04/01/22)(a)	USD		75		78,214
Tenneco Inc.
5.00%, 07/15/26 (Call 02/28/22)(b)	USD		35		32,473
5.13%, 04/15/29 (Call 04/15/24)(a)	USD		80		74,276
7.88%, 01/15/29 (Call 01/15/24)(a)	USD		60		63,760
TerraForm Power Operating LLC
4.75%, 01/15/30 (Call 01/15/25)(a)	USD		60		60,312
5.00%, 01/31/28 (Call 07/31/27)(a)	USD		75		75,974
Terrier Media Buyer Inc., 8.88%, 12/15/27 (Call 12/15/22)(a)	USD		105		110,827

17

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
TKC Holdings Inc.
6.88%, 05/15/28 (Call 05/15/24)(a)	USD		45	$	45,177
10.50%, 05/15/29 (Call 05/15/24)(a)	USD		65		67,925
T-Mobile USA Inc.
2.25%, 02/15/26 (Call 02/15/23)(b)	USD		100		96,450
2.25%, 02/15/26 (Call 02/15/23)(a)	USD		60		57,870
2.63%, 04/15/26 (Call 04/15/23)	USD		80		78,500
2.63%, 02/15/29 (Call 02/15/24)	USD		120		112,556
2.88%, 02/15/31 (Call 02/15/26)	USD		100		94,235
3.38%, 04/15/29 (Call 04/15/24)	USD		145		142,108
3.38%, 04/15/29 (Call 04/15/24)(a)	USD		107		104,866
3.50%, 04/15/31 (Call 04/15/26)	USD		92		89,972
3.50%, 04/15/31 (Call 04/15/26)(a)	USD		105		102,427
4.75%, 02/01/28 (Call 02/01/23)	USD		115		118,999
5.38%, 04/15/27 (Call 04/15/22)	USD		65		66,870
Toll Brothers Finance Corp., 4.88%, 03/15/27 (Call 12/15/26)	USD		25		27,088
TransDigm Inc.
4.63%, 01/15/29 (Call 01/15/24)(b)	USD		115		109,162
4.88%, 05/01/29 (Call 05/01/24)	USD		60		57,646
5.50%, 11/15/27 (Call 11/15/22)	USD		260		261,300
6.25%, 03/15/26 (Call 03/15/22)(a)	USD		405		417,510
6.38%, 06/15/26 (Call 02/28/22)	USD		95		96,506
7.50%, 03/15/27 (Call 03/15/22)	USD		75		77,799
8.00%, 12/15/25 (Call 04/08/22)(a)	USD		105		109,856
Transocean Guardian Ltd., 5.88%, 01/15/24 (Call 02/28/22)(a)	USD		61		58,307
Transocean Inc., 11.50%, 01/30/27 (Call 07/30/23)(a)	USD		100		99,250
Transocean Pontus Ltd., 6.13%, 08/01/25 (Call 02/28/22)(a)	USD		117		115,169
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/28/22)(a)(b)	USD		95		92,179
Transocean Proteus Ltd., 6.25%, 12/01/24 (Call 02/28/22)(a)	USD		37		37,134
Travel + Leisure Co.
3.90%, 03/01/23 (Call 12/01/22)	USD		38		38,347
4.50%, 12/01/29 (Call 09/01/29)(a)	USD		70		67,572
6.00%, 04/01/27 (Call 01/01/27)	USD		25		26,163
6.63%, 07/31/26 (Call 04/30/26)(a)	USD		60		64,297
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24(b)	USD		50		52,813
Triumph Group Inc.
6.25%, 09/15/24 (Call 02/28/22)(a)	USD		50		49,825
7.75%, 08/15/25 (Call 02/28/22)(b)	USD		42		41,580
8.88%, 06/01/24 (Call 02/01/23)(a)	USD		32		34,230
Tronox Inc.
4.63%, 03/15/29 (Call 03/15/24)(a)	USD		80		77,061
6.50%, 05/01/25 (Call 05/01/22)(a)	USD		60		62,250
Twilio Inc.
3.63%, 03/15/29 (Call 03/15/24)(b)	USD		65		62,481
3.88%, 03/15/31 (Call 03/15/26)(b)	USD		45		43,088
U.S. Foods Inc.
4.63%, 06/01/30 (Call 06/01/25)(a)	USD		70		68,257
4.75%, 02/15/29 (Call 02/15/24)(a)(b)	USD		55		54,106
6.25%, 04/15/25 (Call 04/15/22)(a)	USD		85		87,975
Uber Technologies Inc.
4.50%, 08/15/29 (Call 08/15/24)(a)	USD		135		130,675
6.25%, 01/15/28 (Call 09/15/23)(a)(b)	USD		50		52,149
7.50%, 05/15/25 (Call 05/15/22)(a)	USD		90		93,970
7.50%, 09/15/27 (Call 09/15/22)(a)	USD		100		106,769

		Par
Security			(000)		Value
United States (continued)
8.00%, 11/01/26 (Call 02/28/22)(a)	USD		140	$	148,633
Unifrax Escrow Issuer Corp.
5.25%, 09/30/28 (Call 09/30/24)(a)(b)	USD		85		83,512
7.50%, 09/30/29 (Call 09/30/24)(a)	USD		40		38,750
United Airlines Inc.
4.38%, 04/15/26 (Call 10/15/25)(a)	USD		165		163,779
4.63%, 04/15/29 (Call 10/15/28)(a)	USD		190		188,751
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)	USD		95		91,424
3.88%, 02/15/31 (Call 08/15/25)(b)	USD		75		72,905
4.00%, 07/15/30 (Call 07/15/25)	USD		45		44,356
4.88%, 01/15/28 (Call 01/15/23)	USD		160		164,565
5.25%, 01/15/30 (Call 01/15/25)(b)	USD		75		78,750
5.50%, 05/15/27 (Call 05/15/22)	USD		75		77,522
United States Steel Corp., 6.88%, 03/01/29 (Call 03/01/24)(b)	USD		65		65,894
United Wholesale Mortgage LLC
5.50%, 11/15/25 (Call 11/15/22)(a)	USD		75		72,694
5.50%, 04/15/29 (Call 04/15/24)(a)	USD		65		59,692
5.75%, 06/15/27 (Call 06/15/24)(a)	USD		40		37,856
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC
6.00%, 01/15/30 (Call 01/15/25)(a)	USD		75		68,625
7.88%, 02/15/25 (Call 02/28/22)(a)	USD		185		192,677
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
4.75%, 04/15/28 (Call 04/15/24)(a)	USD		55		53,419
6.50%, 02/15/29 (Call 02/15/24)(a)	USD		95		89,834
Univision Communications Inc.
4.50%, 05/01/29 (Call 05/01/24)(a)(b)	USD		80		78,900
5.13%, 02/15/25 (Call 02/08/22)(a)	USD		135		136,049
6.63%, 06/01/27 (Call 06/01/23)(a)	USD		115		120,589
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26 (Call 02/28/22)	USD		65		66,023
6.88%, 09/01/27 (Call 09/01/22)	USD		70		71,837
Valvoline Inc.
3.63%, 06/15/31 (Call 06/15/26)(a)	USD		40		36,642
4.25%, 02/15/30 (Call 02/15/25)(a)	USD		60		57,851
Vector Group Ltd.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD		85		78,689
10.50%, 11/01/26 (Call 02/28/22)(a)	USD		45		46,238
Venture Global Calcasieu Pass LLC
3.88%, 11/01/33 (Call 05/01/33)(a)	USD		135		133,566
3.88%, 08/15/29 (Call 02/15/29)(a)	USD		90		89,887
4.13%, 08/15/31 (Call 02/15/31)(a)	USD		90		90,799
Vericast Corp., 11.00%, 09/15/26 (Call 09/15/23)(a)	USD		116		121,002
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 (Call 02/28/22)(a)	USD		165		168,054
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 02/28/22)(a)	USD		90		94,639
ViacomCBS Inc., 6.25%, 02/28/57 (Call 02/28/27)(d)	USD		55		60,335
Viasat Inc.
5.63%, 09/15/25 (Call 02/08/22)(a)	USD		90		88,614
5.63%, 04/15/27 (Call 04/15/22)(a)	USD		50		50,880
6.50%, 07/15/28 (Call 07/15/23)(a)	USD		30		29,584
VICI Properties LP/VICI Note Co. Inc.
3.50%, 02/15/25 (Call 02/28/22)(a)(b)	USD		50		49,931
3.75%, 02/15/27 (Call 02/15/23)(a)	USD		70		69,286
4.13%, 08/15/30 (Call 02/15/25)(a)(b)	USD		100		100,538
4.25%, 12/01/26 (Call 12/01/22)(a)	USD		125		126,172
4.63%, 12/01/29 (Call 12/01/24)(a)	USD		75		77,230

18

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022	(Percentages shown are based on Net Assets)

		Par
Security			(000)		Value
United States (continued)
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 09/15/22)(a)	USD		80	$	73,000
7.00%, 02/15/29 (Call 02/15/24)(a)(b)	USD		50		47,864
13.00%, 05/15/25 (Call 05/15/22)(a)	USD		65		72,713
Vistra Operations Co. LLC
4.38%, 05/01/29 (Call 05/01/24)(a)	USD		125		120,444
5.00%, 07/31/27 (Call 07/31/22)(a)	USD		105		105,814
5.50%, 09/01/26 (Call 02/08/22)(a)	USD		100		101,352
5.63%, 02/15/27 (Call 02/15/22)(a)	USD		95		96,843
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/23)(a)	USD		35		33,834
Weatherford International Ltd.
6.50%, 09/15/28 (Call 09/15/24)(a)	USD		60		62,243
8.63%, 04/30/30 (Call 10/30/24)(a)	USD		115		117,012
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 06/15/22)(a)(b)	USD		80		83,812
7.25%, 06/15/28 (Call 06/15/23)(a)	USD		155		166,237
Western Midstream Operating LP
4.35%, 02/01/25 (Call 01/01/25)	USD		50		50,500
4.50%, 03/01/28 (Call 12/01/27)	USD		25		26,193
4.65%, 07/01/26 (Call 04/01/26)	USD		50		52,215
4.75%, 08/15/28 (Call 05/15/28)	USD		50		52,975
5.30%, 02/01/30 (Call 11/01/29)	USD		100		104,398
WeWork Companies Inc., 7.88%, 05/01/25(a)	USD		50		46,000
WeWork Cos LLC/WW Co-Obligor Inc., 5.00%, 07/10/25 (Call 04/10/25)(a)	USD		55		46,509
William Carter Co. (The)
5.50%, 05/15/25 (Call 05/15/22)(a)	USD		40		41,316
5.63%, 03/15/27 (Call 03/15/22)(a)	USD		50		51,247
Williams Scotsman International Inc., 4.63%, 08/15/28 (Call 08/15/23)(a)	USD		55		55,481
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 08/15/23)(a)	USD		130		131,056
WMG Acquisition Corp.
2.75%, 07/15/28 (Call 07/15/23)(c)	EUR		100		112,647
3.00%, 02/15/31 (Call 02/15/26)(a)	USD		40		36,300
3.75%, 12/01/29 (Call 12/01/24)(a)	USD		75		71,426
3.88%, 07/15/30 (Call 07/15/25)(a)	USD		50		47,813
Wolverine Escrow LLC
8.50%, 11/15/24 (Call 02/28/22)(a)(b)	USD		74		64,473
9.00%, 11/15/26 (Call 11/15/22)(a)(b)	USD		89		77,875
13.13%, 11/15/27 (Call 11/15/22)(a)	USD		65		38,388
WR Grace Holdings LLC
4.88%, 06/15/27 (Call 06/15/23)(a)	USD		70		69,649
5.63%, 08/15/29 (Call 08/15/24)(a)	USD		120		115,800
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
4.25%, 05/30/23 (Call 02/28/23)(a)	USD		40		40,324
5.25%, 05/15/27 (Call 02/15/27)(a)(b)	USD		65		64,188
5.50%, 03/01/25 (Call 12/01/24)(a)	USD		150		151,125
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
5.13%, 10/01/29 (Call 07/01/29)(a)	USD		100		97,190
7.75%, 04/15/25 (Call 04/15/22)(a)	USD		50		52,065
Xerox Corp., 4.38%, 03/15/23 (Call 02/15/23)	USD		100		101,358

		Par/
		Shares
Security			(000)		Value
United States (continued)
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)(a)	USD		75	$	76,066
5.50%, 08/15/28 (Call 07/15/28)(a)(b)	USD		65		65,363
XHR LP, 4.88%, 06/01/29 (Call 06/01/24)(a)	USD		60		58,830
XPO Logistics Inc., 6.25%, 05/01/25 (Call 05/01/22)(a)	USD		100		103,625
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)	USD		60		56,708
4.63%, 01/31/32 (Call 10/01/26)(b)	USD		120		119,950
4.75%, 01/15/30 (Call 10/15/29)(a)	USD		75		76,944
7.75%, 04/01/25 (Call 04/01/22)(a)	USD		60		62,862
Zayo Group Holdings Inc.
4.00%, 03/01/27 (Call 02/28/22)(a)	USD		130		123,012
6.13%, 03/01/28 (Call 03/01/23)(a)	USD		90		84,906
					94,450,607
Total Corporate Bonds & Notes — 98.4%
(Cost: $149,684,971)					145,886,673
Short-Term Investments
Money Market Funds — 11.8%
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.08%(h)(i)(j)			17,264		17,268,747
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(h)(i)			190		190,000
					17,458,747
Total Short-Term Investments — 11.8%
(Cost: $17,456,751)					17,458,747
Total Investments in Securities — 110.2%
(Cost: $167,141,722)					163,345,420
Other Assets, Less Liabilities — (10.2)%					(15,157,139	)
Net Assets — 100.0%				$	148,188,281

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

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

^(d) 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.

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

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

^(g) 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.

^(h) Affiliate of the Fund.

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

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

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Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2022

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 10/31/21		Purchases at Cost		Proceeds from Sales			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 01/31/22		Shares Held at 01/31/22 (000)		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	20,934,089	$	—	$	(3,661,181	)(a)	$	(2,459	)	$	(1,702	)	$	17,268,747		17,264	$	15,396	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,290,000		—		(1,100,000	)(a)		—			—			190,000		190		13			—
								$	(2,459	)	$	(1,702	)	$	17,458,747			$	15,409		$	—

^(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. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:

● Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments).

The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Investments
Assets
Corporate Bonds & Notes	$	—	$	145,886,673	$	—	$	145,886,673
Money Market Funds		17,458,747		—		—		17,458,747
	$	17,458,747	$	145,886,673	$	—	$	163,345,420

Portfolio Abbreviations - Fixed Income

CAB Capital Appreciation Bonds

REIT Real Estate Investment Trust

Currency Abbreviations

CAD Canadian Dollar

EUR Euro

GBP British Pound

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