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

Security		Par (000)	Value
Corporate Bonds & Notes
Australia — 0.6%
Cellnex Finance Co. SA
1.00%, 09/15/27 (Call 06/15/27)(a)	EUR	100	$	88,063
2.00%, 09/15/32 (Call 06/15/32)(a)	EUR	100		80,206
FMG Resources August 2006 Pty Ltd.
4.38%, 04/01/31 (Call 01/01/31)(b)	USD	100		86,962
4.50%, 09/15/27 (Call 06/15/27)(b)	USD	50		46,183
5.13%, 05/15/24 (Call 02/15/24)(b)	USD	50		50,631
FMG Resources August Pty. Ltd.
5.88%, 04/15/30 (Call 01/15/30)(b)	USD	45		42,945
6.13%, 04/15/32 (Call 01/15/32)(b)(c)	USD	65		61,750
Mineral Resources Ltd.
8.00%, 11/01/27 (Call 11/01/24)(b)	USD	50		50,484
8.13%, 05/01/27 (Call 08/29/22)(b)	USD	50		50,437
8.50%, 05/01/30 (Call 05/01/25)(b)	USD	40		40,500
				598,161
Austria — 0.1%
ams-OSRAM AG, 6.00%, 07/31/25 (Call 08/29/22)(a)	EUR	100		95,751
Wienerberger AG, 2.00%, 05/02/24(a)	EUR	50		49,768
				145,519
Belgium — 0.3%
Ontex Group NV, 3.50%, 07/15/26 (Call 07/15/23)(a)	EUR	100		86,038
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28 (Call 12/01/22)(b)	USD	200		181,640
				267,678
Canada — 3.5%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 02/15/24)(b)(c)	USD	70		63,612
3.88%, 01/15/28 (Call 09/15/22)(b)	USD	120		112,974
4.00%, 10/15/30 (Call 10/15/25)(b)	USD	200		176,645
4.38%, 01/15/28 (Call 11/15/22)(b)(c)	USD	45		41,996
5.75%, 04/15/25 (Call 08/29/22)(b)(c)	USD	40		40,891
Air Canada
3.88%, 08/15/26 (Call 02/15/26)(b)	USD	100		92,000
4.63%, 08/15/29 (Call 02/15/26)(b)	CAD	213		144,295
AutoCanada Inc., 5.75%, 02/07/29 (Call 02/07/25)(b)	CAD	75		52,382
Bausch Health Companies Inc.
5.00%, 02/15/29 (Call 02/15/24)(b)	USD	60		30,525
5.25%, 02/15/31 (Call 02/15/26)(b)	USD	80		41,228
6.13%, 02/01/27 (Call 02/01/24)(b)	USD	80		68,200
Bombardier Inc.
6.00%, 02/15/28 (Call 02/15/24)(b)	USD	65		56,082
7.13%, 06/15/26 (Call 06/15/23)(b)	USD	75		69,630
7.50%, 12/01/24 (Call 08/29/22)(b)	USD	70		68,600
7.50%, 03/15/25 (Call 08/29/22)(b)	USD	102		99,654
7.88%, 04/15/27 (Call 08/29/22)(b)	USD	155		143,375
Brookfield Property Finance ULC, 4.00%, 09/30/26 (Call 08/30/26)	CAD	100		72,152
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC
4.88%, 02/15/30 (Call 02/15/25)(b)	USD	50		38,808
6.25%, 09/15/27 (Call 09/15/22)(b)	USD	57		51,212
CES Energy Solutions Corp., 6.38%, 10/21/24 (Call 08/29/22)	CAD	40		31,182
Crew Energy Inc., 6.50%, 03/14/24 (Call 08/29/22)(b)	CAD	40		30,487
Emera Inc., Series 16-A, 6.75%, 06/15/76 (Call 06/15/26), (3 mo. LIBOR US + 5.440%)(d)	USD	75		75,870
Ford Motor Credit Co. LLC, 4.13%, 08/17/27 (Call 06/17/27)	USD	25		23,719

Security		Par (000)	Value
Canada (continued)
Garda World Security Corp.
4.63%, 02/15/27 (Call 02/15/23)(b)	USD	50	$	45,344
6.00%, 06/01/29 (Call 06/01/24)(b)	USD	25		19,867
9.50%, 11/01/27 (Call 11/01/22)(b)	USD	50		47,728
GFL Environmental Inc.
3.50%, 09/01/28 (Call 03/01/28)(b)	USD	50		45,936
3.75%, 08/01/25 (Call 08/29/22)(b)	USD	70		67,674
4.00%, 08/01/28 (Call 08/01/23)(b)	USD	60		54,210
4.25%, 06/01/25 (Call 08/29/22)(b)(c)	USD	40		39,380
4.38%, 08/15/29 (Call 08/15/24)(b)(c)	USD	30		26,775
4.75%, 06/15/29 (Call 06/15/24)(b)(c)	USD	60		55,200
5.13%, 12/15/26 (Call 12/15/22)(b)	USD	34		34,170
Kronos Acquisition Holdings Inc./KIK Custom Products Inc.
5.00%, 12/31/26 (Call 06/30/23)(b)	USD	35		30,544
7.00%, 12/31/27 (Call 12/31/23)(b)	USD	45		34,566
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)(b)	USD	20		16,198
5.25%, 12/15/27 (Call 12/15/22)(b)	USD	50		44,192
MEG Energy Corp.
5.88%, 02/01/29 (Call 02/01/24)(b)	USD	25		24,114
7.13%, 02/01/27 (Call 02/01/23)(b)	USD	100		103,279
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)	USD	50		46,250
5.25%, 12/15/29 (Call 09/15/29)	USD	65		57,363
NOVA Chemicals Corp.
4.25%, 05/15/29 (Call 05/15/24)(b)(c)	USD	32		27,896
4.88%, 06/01/24 (Call 03/03/24)(b)(c)	USD	80		78,532
5.00%, 05/01/25 (Call 01/31/25)(b)	USD	40		39,000
5.25%, 06/01/27 (Call 03/03/27)(b)	USD	90		86,310
NuVista Energy Ltd., 7.88%, 07/23/26 (Call 07/23/23)(b)	CAD	25		19,484
Open Text Corp.
3.88%, 02/15/28 (Call 02/15/23)(b)(c)	USD	65		60,395
3.88%, 12/01/29 (Call 12/01/24)(b)	USD	60		54,142
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)(b)(c)	USD	65		59,892
4.13%, 12/01/31 (Call 12/01/26)(b)(c)	USD	43		38,270
Parkland Corp.
4.50%, 10/01/29 (Call 10/01/24)(b)	USD	60		53,515
4.63%, 05/01/30 (Call 05/01/25)(b)	USD	55		49,214
5.88%, 07/15/27 (Call 08/29/22)(b)	USD	40		39,169
Parkland Corp./Canada, 3.88%, 06/16/26 (Call 06/16/23)(b)	CAD	125		89,732
Rexel SA, 2.13%, 12/15/28 (Call 12/15/24)(a)	EUR	100		87,286
Superior Plus LP, 4.25%, 05/18/28 (Call 05/18/24)(b)	CAD	50		33,945
Tamarack Valley Energy Ltd., 7.25%, 05/10/27 (Call 05/10/24)(b)	CAD	25		18,953
Telesat Canada/Telesat LLC
4.88%, 06/01/27 (Call 12/01/22)(b)	USD	25		14,719
5.63%, 12/06/26 (Call 12/06/23)(b)	USD	60		38,303
6.50%, 10/15/27 (Call 10/15/22)(b)(c)	USD	25		10,438
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 08/30/22)(b)	USD	30		27,018
Videotron Ltd.
3.13%, 01/15/31 (Call 01/15/26)	CAD	25		14,764
3.63%, 06/15/28 (Call 06/15/24)(b)	CAD	50		33,667
3.63%, 06/15/29 (Call 06/15/24)(b)(c)	USD	25		21,844
4.50%, 01/15/30 (Call 10/15/24)	CAD	110		73,633
5.13%, 04/15/27 (Call 08/29/22)(b)	USD	50		48,500
5.38%, 06/15/24 (Call 03/15/24)(b)	USD	50		50,188

1

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

Security		Par (000)	Value
Canada (continued)
5.63%, 06/15/25 (Call 03/15/25)	CAD	50	$	38,692
				3,625,810
Cayman Islands — 0.0%
Seagate HDD Cayman, 4.13%, 01/15/31 (Call 10/15/30)	USD	35		30,371
China — 0.1%
Leviathan Bond Ltd.
6.13%, 06/30/25 (Call 03/30/25)(b)	USD	45		44,488
6.75%, 06/30/30 (Call 12/30/29)(b)	USD	40		37,908
				82,396
Denmark — 0.1%
DKT Finance ApS, 7.00%, 06/17/23 (Call 08/29/22)(a)	EUR	100		96,047
Finland — 0.4%
Huhtamaki OYJ, 4.25%, 06/09/27 (Call 03/09/27)(a)	EUR	100		100,597
Nokia OYJ
2.00%, 03/11/26 (Call 12/11/25)(a)	EUR	100		98,730
4.38%, 06/12/27	USD	50		49,292
Teollisuuden Voima OYJ, 2.63%, 03/31/27 (Call 12/31/26)(a)	EUR	150		143,711
				392,330
France — 4.4%
Accor SA, 3.00%, 02/04/26 (Call 11/04/25)(a)	EUR	100		100,503
Altice France SA, 5.50%, 10/15/29 (Call 10/15/24)(b)	USD	100		86,007
Altice France SA/France
2.13%, 02/15/25 (Call 08/29/22)(a)	EUR	100		92,998
4.13%, 01/15/29 (Call 09/15/23)(a)	EUR	100		85,511
5.13%, 07/15/29 (Call 04/15/24)(b)(c)	USD	200		171,454
5.50%, 01/15/28 (Call 09/15/22)(b)	USD	100		87,923
5.88%, 02/01/27 (Call 08/29/22)(a)	EUR	100		95,919
8.13%, 02/01/27 (Call 08/09/22)(b)(c)	USD	150		148,501
Atos SE, 2.50%, 11/07/28 (Call 08/07/28)(a)	EUR	100		63,492
Banijay Entertainment SASU, 3.50%, 03/01/25 (Call 08/29/22)(a)	EUR	100		97,524
CAB SELAS, 3.38%, 02/01/28 (Call 02/01/24)(a)	EUR	100		88,690
Casino Guichard Perrachon SA, 5.25%, 04/15/27 (Call 04/15/23)(a)	EUR	100		65,807
Chrome Bidco SASU, 3.50%, 05/31/28 (Call 05/31/24)(a)	EUR	100		90,605
CMA CGM SA, 7.50%, 01/15/26 (Call 01/15/23)(a)	EUR	100		106,967
Electricite de France SA, 5.63%, (Call 01/22/24), (10 year USD Swap + 3.041%)(b)(d)(e)	USD	120		113,226
Elis SA, 1.63%, 04/03/28 (Call 01/03/28)(a)	EUR	100		88,152
Emeria SASU, 3.38%, 03/31/28 (Call 03/31/24)(a)	EUR	100		84,835
Faurecia SE
2.75%, 02/15/27 (Call 02/15/24)(a)	EUR	100		86,372
3.13%, 06/15/26 (Call 08/29/22)(a)	EUR	100		94,439
Fnac Darty SA, 2.63%, 05/30/26 (Call 08/29/22)(a)	EUR	100		97,785
Getlink SE, 3.50%, 10/30/25 (Call 10/30/22)(a)	EUR	100		101,668
Iliad Holding SASU
5.63%, 10/15/28 (Call 10/15/24)(a)	EUR	100		95,601
7.00%, 10/15/28 (Call 10/15/24)(b)	USD	150		144,328
iliad SA, 1.88%, 04/25/25 (Call 01/25/25)(a)	EUR	200		196,040
IPD 3 BV, 5.50%, 12/01/25 (Call 12/01/22)(a)	EUR	100		93,067
La Banque Postale SA, 3.00%, 06/09/28(a)	EUR	100		100,388
La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 08/08/22)(a)	EUR	100		98,485
Loxam SAS
3.25%, 01/14/25 (Call 08/08/22)(a)	EUR	125		119,445
3.75%, 07/15/26 (Call 08/08/22)(a)	EUR	100		93,342
Orano SA, 4.88%, 09/23/24	EUR	100		104,411

Security		Par (000)	Value
France (continued)
Paprec Holding SA, 4.00%, 03/31/25 (Call 08/29/22)(a)	EUR	100	$	95,408
Parts Europe SA, 6.50%, 07/16/25 (Call 08/29/22)(a)	EUR	100		103,116
Picard Groupe SAS, 3.88%, 07/01/26 (Call 07/01/23)(a)	EUR	100		92,078
Quatrim SASU, 5.88%, 01/15/24 (Call 08/08/22)(a)	EUR	100		97,205
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(a)(d)	EUR	100		90,157
Renault SA
1.00%, 03/08/23 (Call 12/08/22)(a)	EUR	100		101,433
1.13%, 10/04/27 (Call 07/04/27)(a)	EUR	100		81,258
2.38%, 05/25/26 (Call 02/25/26)(a)	EUR	100		93,702
2.50%, 06/02/27 (Call 03/02/27)(a)	EUR	100		87,862
SPCM SA, 2.63%, 02/01/29 (Call 09/15/23)(a)	EUR	100		84,204
SPIE SA, 2.63%, 06/18/26 (Call 12/18/25)(a)	EUR	100		96,251
Tereos Finance Groupe, 4.75%, 04/30/27 (Call 04/30/24)(a)	EUR	100		95,774
Valeo
1.50%, 06/18/25 (Call 03/18/25)(a)	EUR	100		96,547
1.63%, 03/18/26 (Call 12/18/25)(a)	EUR	100		96,625
Verallia SA, 1.63%, 05/14/28 (Call 02/14/28)(a)	EUR	100		91,165
				4,496,270
Germany — 3.2%
ADLER Group SA
1.88%, 01/14/26 (Call 10/14/25)(a)	EUR	100		55,652
3.25%, 08/05/25 (Call 05/05/25)(a)	EUR	100		59,433
Adler Pelzer Holding GmbH, 4.13%, 04/01/24 (Call 08/08/22)(a)	EUR	100		83,753
Bayer AG
3.13%, 11/12/79 (Call 08/12/27)(a)(d)	EUR	100		86,397
3.75%, 07/01/74 (Call 07/01/24)(a)(d)	EUR	100		99,574
Bertelsmann SE & Co. KGaA, 3.50%, 04/23/75 (Call 04/23/27)(a)(d)	EUR	100		92,058
Commerzbank AG
4.00%, 03/30/27(a)	EUR	80		83,529
4.00%, 12/05/30 (Call 09/05/25)(a)(d)	EUR	100		99,883
8.13%, 09/19/23(b)	USD	75		76,890
CT Investment GmbH, 5.50%, 04/15/26 (Call 04/15/23)(a)	EUR	100		86,638
Deutsche Bank AG
2.75%, 02/17/25(a)	EUR	125		128,534
4.00%, 06/24/32 (Call 03/24/27)(a)(d)	EUR	100		97,605
4.50%, 04/01/25	USD	50		48,948
4.50%, 05/19/26(a)	EUR	100		105,074
Deutsche Bank AG/New York NY
3.73%, 01/14/32 (Call 10/14/30), (SOFR + 2.757%)(d)	USD	100		77,155
3.74%, 01/07/33 (Call 10/07/31), (SOFR + 2.257%)(d)	USD	75		57,388
4.88%, 12/01/32 (Call 12/01/27)(d)	USD	100		86,332
5.88%, 07/08/31 (Call 04/08/30), (SOFR + 5.438%)(c)(d)	USD	50		45,898
Deutsche Lufthansa AG
1.63%, 11/16/23 (Call 10/16/23)(a)	EUR	100		99,913
2.88%, 05/16/27 (Call 02/16/27)(a)	EUR	100		87,265
3.00%, 05/29/26 (Call 03/02/26)(a)	EUR	100		90,785
3.50%, 07/14/29 (Call 04/14/29)(a)	EUR	100		83,255
Douglas GmbH, 6.00%, 04/08/26 (Call 04/15/23)(a)	EUR	100		85,264
Evonik Industries AG, 1.38%, 09/02/81 (Call 09/02/26)(a)(d)	EUR	100		79,609
Gruenenthal GMBH, 4.13%, 05/15/28 (Call 05/15/24)(a)	EUR	100		92,274
Kaefer SE & Co. KG, 5.50%, 01/10/24(a)		0		—
Nidda BondCo GmbH, 5.00%, 09/30/25 (Call 08/29/22)(a)	EUR	100		86,480
ProGroup AG, 3.00%, 03/31/26 (Call 08/29/22)(a)	EUR	100		87,964
RWE AG, 3.50%, 04/21/75 (Call 04/21/25)(a)(d)	EUR	50		50,227

2

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

Security		Par (000)	Value
Germany (continued)
Schaeffler AG
2.88%, 03/26/27 (Call 12/26/26)(a)	EUR	100	$	95,498
3.38%, 10/12/28 (Call 07/12/28)(a)	EUR	100		90,021
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26 (Call 08/08/22)(a)	EUR	88		82,352
thyssenkrupp AG
1.88%, 03/06/23 (Call 02/06/23)(a)	EUR	175		176,173
2.88%, 02/22/24 (Call 11/22/23)(a)	EUR	25		24,959
TK Elevator Holdco GmbH
6.63%, 07/15/28 (Call 07/15/23)(a)	EUR	90		80,365
7.63%, 07/15/28 (Call 07/15/23)(b)(c)	USD	25		22,625
TK Elevator Midco GmbH, 4.38%, 07/15/27 (Call 07/15/23)(a)	EUR	100		93,441
TK Elevator U.S. Newco Inc., 5.25%, 07/15/27 (Call 07/15/23)(b)	USD	100		96,000
ZF Europe Finance BV, 2.00%, 02/23/26 (Call 12/23/25)(a)	EUR	100		90,961
ZF North America Capital Inc., 4.75%, 04/29/25(b)	USD	75		71,344
				3,237,516
Greece — 0.5%
Alpha Bank SA, 2.50%, 03/23/28 (Call 03/23/27)(a)(d)	EUR	100		82,146
Ellaktor Value PLC, 6.38%, 12/15/24 (Call 08/29/22)(a)	EUR	100		99,680
Eurobank SA, 2.00%, 05/05/27 (Call 05/05/26)(a)(d)	EUR	100		85,348
Piraeus Bank SA, 3.88%, 11/03/27 (Call 11/03/26)(a)(d)	EUR	100		82,110
Public Power Corp. SA, 3.88%, 03/30/26 (Call 03/30/23)(a)	EUR	100		90,804
Titan Global Finance PLC, 2.38%, 11/16/24 (Call 05/16/24)(a)	EUR	100		95,968
				536,056
Ireland — 0.6%
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24)(c)(d)	USD	75		66,562
AIB Group PLC, 1.88%, 11/19/29 (Call 11/19/24)(a)(d)	EUR	100		96,319
Bank of Ireland Group PLC, 1.38%, 08/11/31 (Call 05/11/26)(a)(d)	EUR	100		90,331
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/22)(b)(c)	USD	100		89,190
eircom Finance DAC, 3.50%, 05/15/26 (Call 08/29/22)(a)	EUR	125		118,957
Permanent TSB Group Holdings PLC, 5.25%, 06/30/25 (Call 06/30/24)(a)(d)	EUR	100		102,763
Seagate HDD Cayman
3.13%, 07/15/29 (Call 01/15/24)	USD	60		49,950
3.38%, 07/15/31 (Call 01/15/26)(c)	USD	30		24,206
				638,278
Israel — 1.1%
Energean Israel Finance Ltd., 5.88%, 03/30/31 (Call 09/30/30)(b)	USD	50		42,800
Teva Pharmaceutical Finance Netherlands II BV
1.25%, 03/31/23 (Call 12/31/22)(a)	EUR	100		101,069
1.63%, 10/15/28(a)	EUR	100		80,230
3.75%, 05/09/27 (Call 02/09/27)	EUR	100		94,710
4.38%, 05/09/30 (Call 02/09/30)	EUR	150		134,695
Teva Pharmaceutical Finance Netherlands III BV
2.80%, 07/21/23	USD	94		92,120
3.15%, 10/01/26(c)	USD	225		201,881
4.75%, 05/09/27 (Call 02/09/27)	USD	75		71,213
5.13%, 05/09/29 (Call 02/09/29)	USD	100		92,763
6.00%, 04/15/24 (Call 01/15/24)	USD	150		152,103
6.75%, 03/01/28 (Call 12/01/27)(c)	USD	100		101,239
				1,164,823

Security		Par (000)	Value
Italy — 4.1%
Atlantia SpA
1.88%, 07/13/27 (Call 04/13/27)(a)	EUR	100	$	87,885
1.88%, 02/12/28 (Call 11/12/27)(a)	EUR	100		85,024
Autostrade per l’Italia SpA
1.75%, 06/26/26(a)	EUR	100		95,905
1.88%, 09/26/29 (Call 06/26/29)(a)	EUR	100		85,944
2.00%, 12/04/28 (Call 09/04/28)(a)	EUR	100		88,805
4.38%, 09/16/25(a)	EUR	100		104,544
Azzurra Aeroporti SpA, 2.63%, 05/30/27 (Call 02/28/27)(a)	EUR	100		94,721
Banca Monte dei Paschi di Siena SpA
3.63%, 09/24/24(a)	EUR	100		90,776
10.50%, 07/23/29(a)	EUR	100		60,327
Banca Popolare di Sondrio SCPA, 2.38%, 04/03/24(a)	EUR	100		100,807
Banco BPM SpA
0.88%, 07/15/26(a)	EUR	100		91,445
3.25%, 01/14/31 (Call 01/14/26)(a)(d)	EUR	100		89,374
BPER Banca
1.38%, 03/31/27 (Call 03/31/26)(a)(d)	EUR	100		90,390
3.38%, 06/30/25	EUR	100		100,933
Centurion Bidco SpA, 5.88%, 09/30/26 (Call 09/30/22)(a)	EUR	100		93,041
doValue SpA, 3.38%, 07/31/26 (Call 07/31/23)(a)	EUR	100		87,228
Esselunga SpA, 1.88%, 10/25/27 (Call 07/25/27)(a)	EUR	100		94,889
Gamma Bidco SpA, 5.13%, 07/15/25 (Call 08/08/22)(a)	EUR	100		94,121
Guala Closures SpA, 3.25%, 06/15/28 (Call 06/15/24)(a)	EUR	100		83,803
Iccrea Banca SpA, 4.75%, 01/18/32 (Call 10/18/26)(a)(d)	EUR	100		83,666
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 01/15/23)(a)	EUR	100		83,437
Infrastrutture Wireless Italiane SpA, 1.88%, 07/08/26 (Call 04/08/26)(a)	EUR	100		96,240
Intesa Sanpaolo SpA
3.93%, 09/15/26(a)	EUR	100		103,127
4.20%, 06/01/32 (Call 06/01/31)(b)(c)(d)	USD	60		44,530
5.71%, 01/15/26(b)	USD	225		217,953
5.88%, 03/04/29 (Call 03/04/24)(a)(d)	EUR	100		104,150
6.63%, 09/13/23(a)	EUR	100		106,043
Leonardo SpA, 1.50%, 06/07/24 (Call 03/07/24)(a)	EUR	100		100,618
Nexi SpA, 1.63%, 04/30/26 (Call 01/30/26)(a)	EUR	100		92,372
Sisal SpA/Milano, 7.00%, 07/31/23 (Call 08/08/22)(a)	EUR	69		69,809
Telecom Italia SpA/Milano
1.63%, 01/18/29 (Call 10/18/28)(a)	EUR	100		75,119
2.50%, 07/19/23(a)	EUR	100		101,640
2.75%, 04/15/25 (Call 01/15/25)(a)	EUR	100		96,871
3.00%, 09/30/25(a)	EUR	100		96,206
3.63%, 05/25/26(a)	EUR	200		195,157
4.00%, 04/11/24 (Call 01/11/24)(a)	EUR	100		101,678
5.30%, 05/30/24(b)	USD	120		116,850
UniCredit SpA
2.73%, 01/15/32 (Call 01/15/27)(a)(d)	EUR	200		174,842
5.46%, 06/30/35 (Call 06/30/30)(b)(d)	USD	100		82,242
5.86%, 06/19/32 (Call 06/19/27)(b)(d)	USD	75		67,108
7.30%, 04/02/34 (Call 04/02/29)(b)(d)	USD	100		93,394
Verde Bidco SpA, 4.63%, 10/01/26 (Call 10/01/23)(a)	EUR	100		82,749
Webuild SpA, 1.75%, 10/26/24(a)	EUR	100		94,664
				4,200,427
Japan — 0.4%
Rakuten Group Inc.
5.13%, (Call 04/22/26)(b)(c)(d)(e)	USD	60		48,967
6.25%, (Call 04/22/31)(b)(d)(e)	USD	75		61,088
SoftBank Group Corp.
2.13%, 07/06/24 (Call 04/06/24)(a)	EUR	100		93,334

3

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

Security		Par (000)	Value
Japan (continued)
3.13%, 09/19/25 (Call 06/21/25)(a)	EUR	150	$	132,850
5.00%, 04/15/28 (Call 01/16/28)(a)	EUR	100		86,608
				422,847
Jersey — 0.1%
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)(b)	USD	75		77,130
Kazakhstan — 0.0%
Energean Israel Finance Ltd., 5.38%, 03/30/28 (Call 09/30/27)(b)	USD	45		39,792
Kuwait — 0.0%
Leviathan Bond Ltd., 6.50%, 06/30/27 (Call 12/30/26)(b)	USD	30		29,075
Luxembourg — 1.6%
Albion Financing 1 Sarl/Aggreko Holdings Inc., 6.13%, 10/15/26 (Call 10/15/23)(b)	USD	90		79,790
Altice Financing SA
4.25%, 08/15/29 (Call 08/15/24)(a)	EUR	100		87,484
5.00%, 01/15/28 (Call 01/15/23)(b)	USD	50		44,124
5.75%, 08/15/29 (Call 08/15/24)(b)	USD	200		174,594
Altice Finco SA, 4.75%, 01/15/28 (Call 10/15/22)(a)	EUR	100		82,834
Altice France Holding SA
4.00%, 02/15/28 (Call 02/15/23)(a)	EUR	100		76,322
6.00%, 02/15/28 (Call 02/15/23)(b)(c)	USD	50		38,597
8.00%, 05/15/27 (Call 08/08/22)(a)	EUR	100		88,738
10.50%, 05/15/27 (Call 08/09/22)(b)	USD	150		140,986
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
3.25%, 09/01/28 (Call 05/15/24)(b)	USD	75		69,104
4.00%, 09/01/29 (Call 05/15/24)(b)	USD	50		43,267
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25 (Call 11/01/22)(a)	EUR	100		87,728
INEOS Finance PLC, 2.88%, 05/01/26 (Call 08/08/22)(a)	EUR	100		94,381
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 11/15/22)(a)	EUR	100		93,010
Mytilineos Financial Partners SA, 2.50%, 12/01/24 (Call 06/01/24)(a)	EUR	100		96,154
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(a)	EUR	100		98,061
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 10/31/22)(a)	EUR	100		94,593
Swissport Investments SA, 6.75%, 12/15/21(a)(f)(g)	EUR	100		1
Vivion Investments Sarl, 3.00%, 08/08/24(a)	EUR	100		93,036
ZF Finance GmbH, 2.25%, 05/03/28 (Call 02/03/28)(a)	EUR	100		82,916
				1,665,720
Macau — 0.7%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 08/29/22)(b)(c)	USD	170		137,071
5.38%, 12/04/29 (Call 12/04/24)(b)(c)	USD	125		87,531
MGM China Holdings Ltd.
4.75%, 02/01/27 (Call 02/01/24)(b)	USD	75		59,491
5.88%, 05/15/26 (Call 08/09/22)(b)	USD	50		42,251
Studio City Finance Ltd.
5.00%, 01/15/29 (Call 01/15/24)(b)	USD	100		52,258
6.50%, 01/15/28 (Call 07/15/23)(b)(c)	USD	60		33,161
Wynn Macau Ltd.
5.13%, 12/15/29 (Call 12/15/24)(b)	USD	125		95,625
5.50%, 01/15/26 (Call 08/29/22)(b)	USD	50		41,405
5.50%, 10/01/27 (Call 10/01/22)(b)	USD	50		39,890

Security		Par (000)	Value
Macau (continued)
5.63%, 08/26/28 (Call 08/26/23)(b)	USD	125	$	97,500
				686,183
Malaysia — 0.1%
Resorts World Las Vegas LLC/RWLV Capital Inc., 4.63%, 04/16/29 (Call 01/16/29)(b)	USD	75		60,983
Netherlands — 1.6%
Intertrust Group BV, 3.38%, 11/15/25 (Call 08/08/22)(a)	EUR	100		99,331
Lincoln Financing Sarl, 3.63%, 04/01/24 (Call 08/29/22)(a)	EUR	125		125,185
Nobian Finance BV, 3.63%, 07/15/26 (Call 07/15/23)(a)	EUR	100		81,470
PPF Telecom Group BV, 3.25%, 09/29/27 (Call 06/29/27)(a)	EUR	175		158,764
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/01/23)(a)	EUR	150		125,344
Sensata Technologies BV
4.88%, 10/15/23(b)	USD	25		25,352
5.00%, 10/01/25(b)	USD	50		50,125
5.63%, 11/01/24(b)	USD	50		51,043
Sigma Holdco BV, 5.75%, 05/15/26 (Call 08/08/22)(a)	EUR	100		63,476
Trivium Packaging Finance BV
3.75%, 08/15/26 (Call 08/29/22)(a)	EUR	100		94,732
8.50%, 08/15/27 (Call 08/15/22)(b)(c)	USD	125		122,719
United Group BV
3.63%, 02/15/28 (Call 02/15/23)(a)	EUR	100		79,404
4.63%, 08/15/28 (Call 08/15/24)(a)	EUR	100		81,868
UPC Holding BV, 3.88%, 06/15/29 (Call 08/29/22)(a)	EUR	100		86,344
VZ Secured Financing BV, 5.00%, 01/15/32 (Call 01/15/27)(b)	USD	100		89,230
WP/AP Telecom Holdings IV BV, 3.75%, 01/15/29 (Call 01/15/25)(a)	EUR	100		90,859
Ziggo Bond Co. BV, 5.13%, 02/28/30 (Call 02/15/25)(b)	USD	25		21,369
Ziggo BV, 4.88%, 01/15/30 (Call 10/15/24)(b)	USD	150		136,211
				1,582,826
Norway — 0.1%
Adevinta ASA, 2.63%, 11/15/25 (Call 11/15/22)(a)	EUR	100		96,599
Portugal — 0.2%
EDP - Energias de Portugal SA
1.50%, 03/14/82 (Call 12/14/26)(a)(d)	EUR	100		84,022
1.88%, 08/02/81 (Call 05/02/26)(a)(d)	EUR	100		87,949
Novo Banco SA, 3.50%, 07/23/24 (Call 07/23/23)(a)(d)	EUR	0		—
Saipem Finance International BV, 3.13%, 03/31/28 (Call 12/31/27)(a)	EUR	100		79,024
				250,995
Singapore — 0.2%
Puma International Financing SA, 5.13%, 10/06/24 (Call 08/09/22)(b)	USD	200		182,250
Spain — 1.9%
Abanca Corp. Bancaria SA, 4.63%, 04/07/30 (Call 04/07/25)(a)(d)	EUR	100		93,875
Banco de Credito Social Cooperativo SA, 1.75%, 03/09/28 (Call 03/09/27)(a)(d)	EUR	100		81,777
Banco de Sabadell SA
1.75%, 05/10/24(a)	EUR	100		100,026
2.63%, 03/24/26 (Call 03/24/25)(a)(d)	EUR	100		98,873
5.38%, 12/12/28 (Call 12/12/23)(a)(d)	EUR	100		101,694
Cellnex Finance Co. SA
0.75%, 11/15/26 (Call 08/15/26)(a)	EUR	100		91,662
2.00%, 02/15/33 (Call 11/15/32)(a)	EUR	100		78,221
2.25%, 04/12/26 (Call 01/12/26)(a)	EUR	100		99,412

4

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

Security		Par (000)	Value
Spain (continued)
Cellnex Telecom SA
1.75%, 10/23/30 (Call 07/23/30)(a)	EUR	100	$	82,828
2.88%, 04/18/25 (Call 01/18/25)(a)	EUR	100		102,244
Cirsa Finance International Sarl, 4.50%, 03/15/27 (Call 09/15/23)(a)	EUR	100		85,259
ContourGlobal Power Holdings SA, 2.75%, 01/01/26 (Call 01/01/23)(a)	EUR	100		88,175
eDreams ODIGEO SA, 5.50%, 07/15/27 (Call 01/15/24)(a)	EUR	100		86,470
Grifols Escrow Issuer SA, 3.88%, 10/15/28 (Call 10/15/24)(a)	EUR	125		110,910
Grifols SA, 3.20%, 05/01/25 (Call 08/29/22)(a)	EUR	100		97,028
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(a)(d)	EUR	100		85,260
Kaixo Bondco Telecom SA, 5.13%, 09/30/29 (Call 09/30/24)(a)	EUR	100		87,732
Loarre Investments Sarl, 6.50%, 05/15/29 (Call 05/15/25)(a)	EUR	100		99,458
Lorca Telecom Bondco SA, 4.00%, 09/18/27 (Call 09/30/23)(a)	EUR	150		139,695
Repsol International Finance BV, 4.50%, 03/25/75 (Call 03/25/25)(a)(d)	EUR	100		101,849
Unicaja Banco SA, 3.13%, 07/19/32 (Call 01/19/27)(a)(d)	EUR	100		77,629
				1,990,077
Sweden — 0.7%
Akelius Residential Property AB, 3.88%, 10/05/78(a)	EUR	100		99,912
Dometic Group AB, 2.00%, 09/29/28 (Call 06/29/28)(a)	EUR	100		75,653
Heimstaden AB, 4.25%, 03/09/26 (Call 12/09/25)(a)	EUR	100		81,105
Intrum AB
3.50%, 07/15/26 (Call 08/08/22)(a)	EUR	200		174,973
4.88%, 08/15/25 (Call 08/29/22)(a)	EUR	100		95,928
Verisure Midholding AB, 5.25%, 02/15/29 (Call 02/15/24)(a)	EUR	100		85,440
Volvo Car AB, 2.00%, 01/24/25 (Call 10/24/24)(a)	EUR	100		98,405
				711,416
Switzerland — 0.3%
Dufry One BV
2.50%, 10/15/24 (Call 08/29/22)(a)	EUR	100		99,147
3.38%, 04/15/28 (Call 04/15/24)(a)	EUR	100		87,314
Transocean Inc., 7.50%, 01/15/26 (Call 08/09/22)(b)	USD	25		17,113
VistaJet Malta Finance PLC/XO Management Holding Inc.
6.38%, 02/01/30 (Call 02/01/25)(b)	USD	70		61,075
7.88%, 05/01/27 (Call 05/01/24)(b)	USD	25		23,044
				287,693
United Arab Emirates — 0.1%
Energean Israel Finance Ltd.
4.50%, 03/30/24 (Call 12/30/23)(b)	USD	50		47,847
4.88%, 03/30/26 (Call 12/30/25)(b)	USD	60		55,605
				103,452
United Kingdom — 5.5%
Arqiva Broadcast Finance PLC, 6.75%, 09/30/23 (Call 08/30/22)(a)	GBP	100		118,311
B&M European Value Retail SA, 3.63%, 07/15/25 (Call 08/29/22)(a)	GBP	100		107,518
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28 (Call 11/30/24)(a)	EUR	150		127,369
Bellis Acquisition Co. PLC, 3.25%, 02/16/26 (Call 02/24/23)(a)	GBP	175		172,620
Bellis Finco PLC, 4.00%, 02/16/27 (Call 02/24/23)(a)	GBP	100		83,441
British Telecommunications PLC
4.25%, 11/23/81 (Call 11/23/26)(b)(c)(d)	USD	50		43,990

Security		Par (000)	Value
United Kingdom (continued)
4.88%, 11/23/81 (Call 08/23/31)(b)(d)	USD	45	$	38,655
Cidron Aida Finco Sarl, 5.00%, 04/01/28 (Call 04/01/24)(a)	EUR	100		89,841
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 10/01/22)(b)	USD	125		119,938
Constellation Automotive Financing PLC, 4.88%, 07/15/27 (Call 07/15/23)(a)	GBP	100		97,196
Deuce Finco PLC, 5.50%, 06/15/27 (Call 06/15/23)(a)	GBP	100		102,558
eG Global Finance PLC
4.38%, 02/07/25 (Call 08/30/22)(a)	EUR	100		93,130
6.75%, 02/07/25 (Call 08/09/22)(b)	USD	100		95,298
Heathrow Finance PLC, 4.38%, 03/01/27(a)(h)	GBP	100		101,843
Iceland Bondco PLC, 4.63%, 03/15/25 (Call 08/08/22)(a)	GBP	100		101,556
INEOS Quattro Finance 1 PLC, 3.75%, 07/15/26 (Call 01/15/23)(a)	EUR	100		87,360
International Consolidated Airlines Group SA, 3.75%, 03/25/29 (Call 12/25/28)(a)	EUR	100		78,283
Jaguar Land Rover Automotive PLC
4.50%, 01/15/26 (Call 10/15/25)(a)	EUR	100		86,370
5.88%, 01/15/28 (Call 01/15/24)(b)	USD	170		134,740
6.88%, 11/15/26 (Call 08/15/26)(a)	EUR	100		91,674
Jerrold Finco PLC, 4.88%, 01/15/26 (Call 08/30/22)(a)	GBP	100		104,589
Kane Bidco Ltd., 6.50%, 02/15/27 (Call 02/15/24)(a)	GBP	100		107,200
Market Bidco Finco PLC, 5.50%, 11/04/27 (Call 11/04/24)(a)	GBP	100		100,773
Metro Bank PLC, 5.50%, 06/26/28 (Call 06/26/23)(a)(d)	GBP	100		65,804
Motion Finco Sarl, 7.00%, 05/15/25 (Call 08/29/22)(a)	EUR	100		98,795
NGG Finance PLC, 1.63%, 12/05/79 (Call 09/05/24)(a)(d)	EUR	100		93,530
Nomad Foods Bondco PLC, 2.50%, 06/24/28 (Call 06/24/24)(a)	EUR	100		85,565
Ocado Group PLC, 3.88%, 10/08/26 (Call 10/08/23)(a)	GBP	100		97,357
PeopleCert Wisdom Issuer PLC, 5.75%, 09/15/26 (Call 09/15/23)(a)	EUR	100		96,484
Pinewood Finance Co. Ltd., 3.25%, 09/30/25 (Call 08/30/22)(a)	GBP	100		110,374
Pinnacle Bidco PLC, 5.50%, 02/15/25 (Call 08/30/22)(a)	EUR	100		95,782
Playtech PLC, 4.25%, 03/07/26 (Call 08/30/22)(a)	EUR	100		97,797
Punch Finance PLC, 6.13%, 06/30/26 (Call 06/30/23)(a)	GBP	100		106,697
Rolls-Royce PLC
1.63%, 05/09/28 (Call 02/09/28)(a)	EUR	100		81,596
3.38%, 06/18/26	GBP	100		105,472
5.75%, 10/15/27 (Call 07/15/27)(b)	USD	125		118,361
Sherwood Financing PLC, 4.50%, 11/15/26 (Call 11/15/23)(a)	EUR	100		84,446
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 08/30/22)(a)	GBP	100		114,845
Thames Water Utilities Finance PLC
2.88%, 05/03/27(a)	GBP	100		114,150
5.75%, 09/13/30 (Call 09/13/22)(d)	GBP	125		152,526
TI Automotive Finance PLC, 3.75%, 04/15/29 (Call 04/15/24)(a)	EUR	100		79,641
Very Group Funding PLC (The), 6.50%, 08/01/26 (Call 08/01/23)(a)	GBP	100		95,037
Victoria PLC, 3.63%, 08/24/26 (Call 02/28/23)(a)	EUR	100		87,286
Virgin Media Finance PLC, 5.00%, 07/15/30 (Call 07/15/25)(b)(c)	USD	50		42,546
Virgin Media Secured Finance PLC
4.25%, 01/15/30 (Call 10/15/24)(a)	GBP	150		157,206
4.50%, 08/15/30 (Call 08/15/25)(b)	USD	75		67,500
5.50%, 05/15/29 (Call 05/15/24)(b)(c)	USD	100		95,000

5

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

Security		Par (000)	Value
United Kingdom (continued)
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 07/15/23)(a)	GBP	100	$	105,796
Vmed O2 UK Financing I PLC
3.25%, 01/31/31 (Call 01/31/26)(a)	EUR	150		130,153
4.25%, 01/31/31 (Call 01/31/26)(b)	USD	100		87,751
4.75%, 07/15/31 (Call 07/15/26)(b)	USD	100		91,259
Vodafone Group PLC
2.63%, 08/27/80 (Call 05/27/26)(a)(d)	EUR	100		94,022
3.10%, 01/03/79 (Call 10/03/23)(a)(d)	EUR	200		199,260
3.25%, 06/04/81 (Call 06/04/26)(d)	USD	40		35,607
4.13%, 06/04/81 (Call 03/04/31)(d)	USD	85		68,671
7.00%, 04/04/79 (Call 01/04/29), (5 year USD Swap + 4.873%)(d)	USD	145		152,431
				5,593,000
United States — 64.9%
Acrisure LLC/Acrisure Finance Inc.
4.25%, 02/15/29 (Call 02/15/24)(b)	USD	45		39,845
6.00%, 08/01/29 (Call 08/01/24)(b)(c)	USD	35		30,301
7.00%, 11/15/25 (Call 08/29/22)(b)(c)	USD	65		62,400
10.13%, 08/01/26 (Call 08/29/22)(b)	USD	40		40,938
AdaptHealth LLC
4.63%, 08/01/29 (Call 02/01/24)(b)	USD	25		22,311
5.13%, 03/01/30 (Call 03/01/25)(b)	USD	35		32,123
ADLER Group SA, 2.25%, 04/27/27 (Call 01/27/27)(a)	EUR	100		53,663
ADT Security Corp. (The), 4.13%, 08/01/29 (Call 08/01/28)(b)	USD	75		67,522
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC
3.25%, 03/15/26 (Call 09/15/22)(b)	USD	70		65,173
3.50%, 03/15/29 (Call 09/15/23)(b)(c)	USD	100		87,800
4.63%, 01/15/27 (Call 01/15/23)(b)	USD	95		91,056
4.88%, 02/15/30 (Call 02/15/25)(b)(c)	USD	75		68,625
5.88%, 02/15/28 (Call 08/29/22)(b)(c)	USD	50		48,635
7.50%, 03/15/26 (Call 08/29/22)(b)	USD	50		51,867
Alcoa Nederland Holding BV, 6.13%, 05/15/28 (Call 05/15/23)(b)	USD	150		152,393
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
4.25%, 10/15/27 (Call 10/15/23)(b)	USD	65		60,909
5.88%, 11/01/29 (Call 11/01/24)(b)	USD	30		26,837
6.75%, 10/15/27 (Call 10/15/22)(b)	USD	80		75,931
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.00%, 06/01/29 (Call 06/01/24)(b)(c)	USD	75		58,134
6.63%, 07/15/26 (Call 08/29/22)(b)(c)	USD	120		116,276
9.75%, 07/15/27 (Call 08/29/22)(b)	USD	65		59,624
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 06/01/28 (Call 06/01/24)(b)	USD	175		152,862
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl, 3.63%, 06/01/28 (Call 06/01/24)(a)	EUR	100		84,567
Allison Transmission Inc.
3.75%, 01/30/31 (Call 01/30/26)(b)	USD	60		51,675
4.75%, 10/01/27 (Call 10/01/22)(b)	USD	25		23,773
5.88%, 06/01/29 (Call 06/01/24)(b)(c)	USD	45		44,247
Ally Financial Inc., 5.75%, 11/20/25 (Call 10/21/25)(c)	USD	80		80,700
AMC Entertainment Holdings Inc., 7.50%, 02/15/29 (Call 02/15/25)(b)	USD	70		62,338

Security		Par (000)	Value
United States (continued)
AMC Networks Inc.
4.25%, 02/15/29 (Call 02/15/24)	USD	85	$	75,861
4.75%, 08/01/25 (Call 08/29/22)	USD	50		48,000
5.00%, 04/01/24 (Call 08/29/22)	USD	41		40,755
American Airlines Group Inc., 3.75%, 03/01/25(b)(c)	USD	40		35,050
American Airlines Inc., 11.75%, 07/15/25(b)(c)	USD	175		194,250
American Airlines Inc./AAdvantage Loyalty IP Ltd.
5.50%, 04/20/26(b)	USD	255		250,537
5.75%, 04/20/29(b)	USD	210		201,075
American Axle & Manufacturing Inc.
5.00%, 10/01/29 (Call 10/01/24)(c)	USD	50		43,750
6.50%, 04/01/27 (Call 08/29/22)(c)	USD	35		33,600
6.88%, 07/01/28 (Call 07/01/23)	USD	25		24,075
American Builders & Contractors Supply Co. Inc.
3.88%, 11/15/29 (Call 11/15/24)(b)(c)	USD	25		21,321
4.00%, 01/15/28 (Call 01/15/23)(b)	USD	65		59,801
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)	USD	65		65,060
5.63%, 05/20/24 (Call 03/20/24)	USD	35		35,430
5.75%, 05/20/27 (Call 02/20/27)(c)	USD	25		25,175
5.88%, 08/20/26 (Call 05/20/26)	USD	60		60,470
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 06/15/29 (Call 06/15/24)(b)	USD	45		44,024
5.75%, 03/01/27 (Call 08/15/22)(b)(c)	USD	60		59,510
5.75%, 01/15/28 (Call 01/15/23)(b)(c)	USD	55		54,087
7.88%, 05/15/26 (Call 05/15/23)(b)	USD	25		26,167
Antero Resources Corp.
5.38%, 03/01/30 (Call 03/01/25)(b)	USD	60		59,025
7.63%, 02/01/29 (Call 02/01/24)(b)	USD	21		22,191
Apache Corp.
4.25%, 01/15/30 (Call 10/15/29)(c)	USD	45		43,101
4.38%, 10/15/28 (Call 07/15/28)(c)	USD	25		23,786
APX Group Inc.
5.75%, 07/15/29 (Call 07/15/24)(b)(c)	USD	65		54,602
6.75%, 02/15/27 (Call 02/15/23)(b)(c)	USD	55		54,519
Aramark Services Inc.
5.00%, 04/01/25 (Call 08/29/22)(b)	USD	60		59,909
5.00%, 02/01/28 (Call 02/01/23)(b)	USD	70		68,149
6.38%, 05/01/25 (Call 08/29/22)(b)	USD	95		95,175
Arches Buyer Inc.
4.25%, 06/01/28 (Call 12/01/23)(b)	USD	55		46,949
6.13%, 12/01/28 (Call 12/01/23)(b)(c)	USD	50		41,831
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/28 (Call 04/01/23)(b)	USD	40		35,980
6.88%, 04/01/27 (Call 08/29/22)(b)	USD	40		37,487
Arconic Corp.
6.00%, 05/15/25 (Call 08/29/22)(b)	USD	45		45,545
6.13%, 02/15/28 (Call 02/15/23)(b)	USD	65		64,745
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC, 2.00%, 09/01/28 (Call 05/15/24)(a)	EUR	100		89,131
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.13%, 08/15/26 (Call 08/29/22)(a)	EUR	100		86,298
5.25%, 04/30/25 (Call 08/29/22)(b)	USD	50		49,026
5.25%, 08/15/27 (Call 08/29/22)(b)	USD	225		174,769
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 03/01/23)	USD	25		23,195
4.63%, 11/15/29 (Call 11/15/24)(b)	USD	60		52,950

6

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

Security		Par (000)	Value
United States (continued)
4.75%, 03/01/30 (Call 03/01/25)	USD	25	$	22,376
5.00%, 02/15/32 (Call 11/15/26)(b)	USD	50		43,500
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
5.88%, 06/30/29 (Call 09/01/24)(b)(c)	USD	40		35,147
7.00%, 11/01/26 (Call 08/29/22)(b)	USD	50		48,534
Ashton Woods USA LLC/Ashton Woods Finance Co.,
4.63%, 04/01/30 (Call 04/01/25)(b)	USD	30		22,921
ASP Unifrax Holdings Inc
5.25%, 09/30/28 (Call 09/30/24)(b)	USD	35		29,992
7.50%, 09/30/29 (Call 09/30/24)(b)(c)	USD	50		39,500
AssuredPartners Inc., 5.63%, 01/15/29 (Call 12/15/23)(b)	USD	50		44,500
Audacy Capital Corp.
6.50%, 05/01/27 (Call 08/15/22)(b)(c)	USD	25		12,375
6.75%, 03/31/29 (Call 03/31/24)(b)	USD	25		12,063
Autostrade per l’Italia SpA, 2.00%, 01/15/30 (Call 10/15/29)(a)	EUR	100		85,658
Avantor Funding Inc.
2.63%, 11/01/25 (Call 11/01/22)(a)	EUR	100		100,046
3.88%, 11/01/29 (Call 11/01/24)(b)(c)	USD	60		55,200
4.63%, 07/15/28 (Call 07/15/23)(b)(c)	USD	105		100,537
Avaya Inc., 6.13%, 09/15/28 (Call 09/15/23)(b)	USD	85		39,927
Avient Corp., 7.13%, 08/01/30(b)	USD	25		25,750
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
4.75%, 04/01/28 (Call 04/01/24)(b)(c)	USD	50		45,298
5.38%, 03/01/29 (Call 03/01/24)(b)(c)	USD	40		36,550
5.75%, 07/15/27 (Call 08/29/22)(b)	USD	30		28,790
Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 08/30/22)(a)	EUR	100		94,177
Axalta Coating Systems LLC, 3.38%, 02/15/29 (Call 02/15/24)(b)(c)	USD	75		65,768
B&G Foods Inc.
5.25%, 04/01/25 (Call 08/29/22)(c)	USD	65		62,237
5.25%, 09/15/27 (Call 08/29/22)	USD	45		41,175
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)(c)	USD	100		86,711
3.13%, 09/15/31 (Call 06/15/31)	USD	90		78,862
4.00%, 11/15/23	USD	75		75,143
4.38%, 12/15/23	EUR	100		104,837
4.88%, 03/15/26 (Call 12/15/25)	USD	45		45,295
5.25%, 07/01/25(c)	USD	75		75,900
Banco BPM SpA, 1.75%, 01/28/25(a)	EUR	100		97,458
Banco Comercial Portugues SA, 3.87%, 03/27/30 (Call 03/27/25)(a)(d)	EUR	100		83,523
Bath & Body Works Inc.
5.25%, 02/01/28(c)	USD	40		37,716
6.63%, 10/01/30 (Call 10/01/25)(b)	USD	80		77,053
7.50%, 06/15/29 (Call 06/15/24)	USD	40		39,625
Bausch Health Americas Inc.
8.50%, 01/31/27 (Call 08/29/22)(b)	USD	145		91,582
9.25%, 04/01/26 (Call 08/29/22)(b)	USD	90		63,607
Bausch Health Companies Inc.
4.88%, 06/01/28 (Call 06/01/24)(b)	USD	125		99,466
5.00%, 01/30/28 (Call 01/30/23)(b)	USD	80		42,955
5.25%, 01/30/30 (Call 01/30/25)(b)	USD	80		41,200
5.50%, 11/01/25 (Call 08/29/22)(b)	USD	120		106,873
5.75%, 08/15/27 (Call 08/15/22)(b)	USD	50		41,525
6.25%, 02/15/29 (Call 02/15/24)(b)	USD	110		58,708
7.00%, 01/15/28 (Call 01/15/23)(b)	USD	70		38,623
7.25%, 05/30/29 (Call 05/30/24)(b)	USD	70		38,259
9.00%, 12/15/25 (Call 08/29/22)(b)	USD	90		65,250

Security		Par (000)	Value
United States (continued)
Bayer AG, 5.38%, 03/25/82 (Call 06/25/30)(a)(d)	EUR	100	$	94,471
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(a)	EUR	150		142,297
Berry Global Inc., 5.63%, 07/15/27 (Call 08/29/22)(b)(c)	USD	30		30,301
Black Knight InfoServ LLC, 3.63%, 09/01/28 (Call 09/01/23)(b)	USD	75		69,375
Block Inc.
2.75%, 06/01/26 (Call 05/01/26)	USD	63		58,747
3.50%, 06/01/31 (Call 03/01/31)(c)	USD	80		69,362
Booz Allen Hamilton Inc.
3.88%, 09/01/28 (Call 09/01/23)(b)(c)	USD	50		47,332
4.00%, 07/01/29 (Call 07/01/24)(b)(c)	USD	50		47,703
Boxer Parent Co. Inc., 6.50%, 10/02/25 (Call 08/29/22)(a)	EUR	100		98,768
Boyd Gaming Corp.
4.75%, 12/01/27 (Call 12/01/22)(c)	USD	50		48,171
4.75%, 06/15/31 (Call 06/15/26)(b)	USD	65		59,962
Brand Industrial Services Inc., 8.50%, 07/15/25 (Call 08/29/22)(b)(c)	USD	80		66,100
Brink’s Co. (The), 5.50%, 07/15/25 (Call 08/29/22)(b)	USD	65		65,538
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LL, 4.50%, 04/01/27 (Call 10/01/23)(b)	USD	70		61,448
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)(c)	USD	50		46,622
4.13%, 03/01/25 (Call 02/01/25)(b)	USD	25		24,217
4.13%, 12/01/27 (Call 09/01/27)	USD	25		22,680
4.15%, 07/01/23 (Call 04/01/23)	USD	0		—
4.50%, 03/01/28 (Call 12/01/27)(b)(c)	USD	50		45,877
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)(b)(c)	USD	90		76,904
5.00%, 03/01/30 (Call 03/01/25)(b)(c)	USD	50		46,488
6.38%, 06/15/32 (Call 06/15/27)(b)	USD	30		29,743
Caesars Entertainment Inc.
4.63%, 10/15/29 (Call 10/15/24)(b)(c)	USD	70		59,346
6.25%, 07/01/25 (Call 08/09/22)(b)	USD	255		254,362
8.13%, 07/01/27 (Call 07/01/23)(b)(c)	USD	135		135,182
Caesars Resort Collection LLC/CRC Finco Inc., 5.75%,
07/01/25 (Call 08/09/22)(b)	USD	60		60,161
Callon Petroleum Co.
7.50%, 06/15/30 (Call 06/15/25)(b)(c)	USD	50		48,262
8.00%, 08/01/28 (Call 08/01/24)(b)(c)	USD	50		50,710
Calpine Corp.
3.75%, 03/01/31 (Call 03/01/26)(b)	USD	75		66,366
4.50%, 02/15/28 (Call 02/15/23)(b)	USD	80		77,600
4.63%, 02/01/29 (Call 02/01/24)(b)	USD	40		35,970
5.00%, 02/01/31 (Call 02/01/26)(b)(c)	USD	65		57,637
5.13%, 03/15/28 (Call 03/15/23)(b)	USD	100		94,060
5.25%, 06/01/26 (Call 08/29/22)(b)(c)	USD	47		47,294
Calumet Specialty Products Partners LP/Calumet Finance Corp., 11.00%, 04/15/25 (Call 08/29/22)(b)	USD	45		43,969
Camelot Return Merger Sub Inc., 8.75%, 08/01/28(b)	USD	60		55,950
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29)	EUR	100		57,948
Carvana Co.
4.88%, 09/01/29 (Call 09/01/24)(b)	USD	50		29,850
5.50%, 04/15/27 (Call 04/15/24)(b)(c)	USD	60		39,600
5.63%, 10/01/25 (Call 10/01/22)(b)(c)	USD	45		34,612
5.88%, 10/01/28 (Call 10/01/23)(b)(c)	USD	50		31,694
10.25%, 05/01/30 (Call 05/01/27)(b)(c)	USD	230		189,175
Catalent Pharma Solutions Inc.
2.38%, 03/01/28 (Call 03/01/23)(a)	EUR	100		88,913
3.13%, 02/15/29 (Call 02/15/24)(b)	USD	40		35,450

7

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

Security		Par (000)	Value
United States (continued)
3.50%, 04/01/30 (Call 04/01/25)(b)	USD	60	$	53,444
5.00%, 07/15/27 (Call 08/29/22)(b)	USD	25		24,908
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/31 (Call 07/01/25)(b)(c)	USD	225		195,187
4.25%, 01/15/34 (Call 01/15/28)(b)(c)	USD	135		110,500
4.50%, 08/15/30 (Call 02/15/25)(b)(c)	USD	185		164,978
4.50%, 05/01/32 (Call 05/01/26)	USD	210		180,862
4.50%, 06/01/33 (Call 06/01/27)(b)	USD	130		109,525
4.75%, 03/01/30 (Call 09/01/24)(b)(c)	USD	235		213,850
4.75%, 02/01/32 (Call 02/01/27)(b)(c)	USD	95		83,897
5.00%, 02/01/28 (Call 08/15/22)(b)	USD	190		183,350
5.13%, 05/01/27 (Call 08/29/22)(b)(c)	USD	230		224,825
5.38%, 06/01/29 (Call 06/01/24)(b)	USD	115		110,205
5.50%, 05/01/26 (Call 08/29/22)(b)	USD	45		45,401
CDI Escrow Issuer Inc., 5.75%, 04/01/30 (Call 04/01/25)(b)	USD	70		68,425
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)	USD	45		43,042
Cedar Fair LP/Canada’s Wonderland Co./Magnum
Management Corp./Millennium Op
5.38%, 04/15/27 (Call 08/29/22)(c)	USD	50		48,727
5.50%, 05/01/25 (Call 08/29/22)(b)	USD	50		50,215
Centene Corp.
2.45%, 07/15/28 (Call 05/15/28)	USD	150		134,250
2.50%, 03/01/31 (Call 12/01/30)	USD	165		141,524
2.63%, 08/01/31 (Call 05/01/31)	USD	85		72,782
3.00%, 10/15/30 (Call 07/15/30)	USD	150		133,887
3.38%, 02/15/30 (Call 02/15/25)	USD	150		137,531
4.25%, 12/15/27 (Call 12/15/22)	USD	190		186,886
4.63%, 12/15/29 (Call 12/15/24)	USD	265		261,356
Central Garden & Pet Co.
4.13%, 10/15/30 (Call 10/15/25)	USD	50		43,927
4.13%, 04/30/31 (Call 04/30/26)(b)	USD	20		17,225
Central Parent Inc./Central Merger Sub Inc., 7.25%, 06/15/29 (Call 06/15/25)(b)	USD	45		45,738
Century Communities Inc.
3.88%, 08/15/29 (Call 02/15/29)(b)(c)	USD	50		42,902
6.75%, 06/01/27 (Call 08/29/22)	USD	25		25,406
Change Healthcare Holdings LLC/Change Healthcare Finance Inc., 5.75%, 03/01/25 (Call 08/09/22)(b)	USD	64		63,520
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 03/15/24)(b)	USD	50		46,587
4.00%, 03/15/31 (Call 03/15/26)(b)	USD	40		37,307
4.25%, 05/01/28 (Call 05/01/23)(b)(c)	USD	40		39,100
Chemours Co. (The)
4.63%, 11/15/29 (Call 11/15/24)(b)	USD	45		39,488
5.38%, 05/15/27 (Call 02/15/27)(c)	USD	40		38,469
5.75%, 11/15/28 (Call 11/15/23)(b)	USD	60		57,273
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 10/15/23)	USD	160		155,800
Cheniere Energy Partners LP
3.25%, 01/31/32(c)	USD	90		78,611
4.00%, 03/01/31 (Call 03/01/26)	USD	100		92,538
4.50%, 10/01/29 (Call 10/01/24)(c)	USD	90		87,300
Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28 (Call 01/15/24)(a)	EUR	100		91,278
Chesapeake Energy Corp.
5.50%, 02/01/26 (Call 02/05/23)(b)	USD	30		30,033
5.88%, 02/01/29 (Call 02/05/24)(b)	USD	47		47,199
6.75%, 04/15/29 (Call 04/15/24)(b)(c)	USD	50		51,405
CHS/Community Health Systems Inc.
4.75%, 02/15/31 (Call 02/15/26)(b)	USD	85		68,425

Security		Par (000)	Value
United States (continued)
5.25%, 05/15/30 (Call 05/15/25)(b)(c)	USD	115	$	96,600
5.63%, 03/15/27 (Call 12/15/23)(b)	USD	130		115,537
6.00%, 01/15/29 (Call 01/15/24)(b)(c)	USD	70		61,075
6.13%, 04/01/30 (Call 04/01/25)(b)(c)	USD	100		53,625
6.88%, 04/01/28 (Call 04/01/23)(b)	USD	60		30,000
6.88%, 04/15/29 (Call 04/15/24)(b)(c)	USD	145		80,475
8.00%, 03/15/26 (Call 08/29/22)(b)(c)	USD	135		128,925
8.00%, 12/15/27 (Call 12/15/22)(b)(c)	USD	39		37,050
Churchill Downs Inc.
4.75%, 01/15/28 (Call 01/15/23)(b)	USD	65		61,914
5.50%, 04/01/27 (Call 08/29/22)(b)	USD	55		54,792
Cinemark USA Inc.
5.25%, 07/15/28 (Call 07/15/24)(b)(c)	USD	40		35,626
5.88%, 03/15/26 (Call 03/15/23)(b)	USD	35		33,600
Citgo Holding Inc., 9.25%, 08/01/24 (Call 08/29/22)(b)(c)	USD	75		74,625
CITGO Petroleum Corp.
6.38%, 06/15/26 (Call 06/15/23)(b)(c)	USD	45		43,253
7.00%, 06/15/25 (Call 08/29/22)(b)	USD	100		98,500
Clarios Global LP, 6.75%, 05/15/25 (Call 08/29/22)(b)(c)	USD	47		47,217
Clarios Global LP/Clarios US Finance Co.
4.38%, 05/15/26 (Call 08/29/22)(a)	EUR	100		94,603
6.25%, 05/15/26 (Call 08/29/22)(b)(c)	USD	50		50,596
8.50%, 05/15/27 (Call 08/29/22)(b)(c)	USD	120		121,114
Clarivate Science Holdings Corp.
3.88%, 07/01/28 (Call 06/30/24)(b)(c)	USD	60		54,600
4.88%, 07/01/29 (Call 06/30/24)(b)	USD	85		75,225
Clear Channel Outdoor Holdings Inc.
5.13%, 08/15/27 (Call 08/29/22)(b)(c)	USD	80		74,000
7.50%, 06/01/29 (Call 06/01/24)(b)	USD	75		60,375
7.75%, 04/15/28 (Call 04/15/24)(b)(c)	USD	90		73,980
Clearway Energy Operating LLC
3.75%, 02/15/31 (Call 02/15/26)(b)	USD	45		39,851
4.75%, 03/15/28 (Call 03/15/23)(b)(c)	USD	60		58,280
Cleveland-Cliffs Inc.
4.63%, 03/01/29 (Call 03/01/24)(b)(c)	USD	30		28,050
4.88%, 03/01/31 (Call 03/01/26)(b)(c)	USD	55		51,103
5.88%, 06/01/27 (Call 08/29/22)	USD	50		49,758
6.75%, 03/15/26 (Call 08/29/22)(b)	USD	45		46,463
Clydesdale Acquisition Holdings Inc.
6.63%, 04/15/29 (Call 04/15/25)(b)	USD	55		55,442
8.75%, 04/15/30 (Call 04/15/25)(b)	USD	70		65,625
CNX Resources Corp., 6.00%, 01/15/29 (Call 01/15/24)(b)	USD	80		77,800
Coinbase Global Inc.
3.38%, 10/01/28 (Call 10/01/24)(b)(c)	USD	80		52,420
3.63%, 10/01/31 (Call 10/01/26)(b)(c)	USD	80		47,707
Colgate Energy Partners III LLC, 5.88%, 07/01/29 (Call 07/01/24)(b)	USD	35		32,032
CommScope Inc.
4.75%, 09/01/29 (Call 09/01/24)(b)(c)	USD	90		78,253
6.00%, 03/01/26 (Call 08/29/22)(b)	USD	115		111,837
7.13%, 07/01/28 (Call 07/01/23)(b)(c)	USD	40		33,200
8.25%, 03/01/27 (Call 08/29/22)(b)	USD	75		65,250
CommScope Technologies LLC
5.00%, 03/15/27 (Call 08/09/22)(b)(c)	USD	65		53,449
6.00%, 06/15/25 (Call 08/09/22)(b)	USD	81		74,925
Compass Group Diversified Holdings LLC, 5.25%,
04/15/29 (Call 04/15/24)(b)	USD	75		66,859
Comstock Resources Inc.
5.88%, 01/15/30 (Call 01/15/25)(b)	USD	75		70,500
6.75%, 03/01/29 (Call 03/01/24)(b)	USD	80		79,200

8

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

Security		Par (000)	Value
United States (continued)
Condor Merger Sub Inc., 7.38%, 02/15/30 (Call 02/15/25)(b)	USD	150	$	132,715
Consolidated Communications Inc.
5.00%, 10/01/28 (Call 10/01/23)(b)	USD	35		27,822
6.50%, 10/01/28 (Call 10/01/23)(b)	USD	60		51,600
Constellium SE
3.13%, 07/15/29 (Call 07/15/24)(a)	EUR	100		80,093
3.75%, 04/15/29 (Call 04/15/24)(b)(c)	USD	25		21,313
Cornerstone Building Brands Inc., 6.13%, 01/15/29 (Call 09/15/23)(b)	USD	7		4,728
Coty Inc.
3.88%, 04/15/26 (Call 04/15/23)(a)	EUR	100		97,543
5.00%, 04/15/26 (Call 04/15/23)(b)(c)	USD	70		68,478
6.50%, 04/15/26 (Call 08/29/22)(b)(c)	USD	50		48,800
Coty Inc./HFC Prestige Products Inc./HFC Prestige International U.S. LLC, 4.75%, 01/15/29 (Call 01/15/25)(b)	USD	50		45,386
Covanta Holding Corp.
4.88%, 12/01/29 (Call 12/01/24)(b)(c)	USD	40		35,700
5.00%, 09/01/30 (Call 09/01/25)	USD	35		30,625
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%,
06/15/31 (Call 06/15/26)(b)	USD	100		94,771
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.63%, 05/01/27 (Call 08/15/22)(b)	USD	50		48,581
5.75%, 04/01/25 (Call 08/29/22)	USD	80		79,339
6.00%, 02/01/29 (Call 02/01/24)(b)	USD	35		31,886
8.00%, 04/01/29 (Call 04/01/24)(b)	USD	25		24,734
Crown Americas LLC, 5.25%, 04/01/30 (Call 01/01/30)(b)	USD	45		44,972
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)(c)	USD	25		24,425
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 08/29/22)	USD	50		49,619
Crown European Holdings SA, 2.88%, 02/01/26 (Call 08/01/25)(a)	EUR	100		97,506
CrownRock LP/CrownRock Finance Inc.
5.00%, 05/01/29 (Call 05/01/24)(b)	USD	35		32,437
5.63%, 10/15/25 (Call 08/29/22)(b)	USD	75		75,150
CSC Holdings LLC
4.13%, 12/01/30 (Call 12/01/25)(b)	USD	100		85,250
4.50%, 11/15/31 (Call 11/15/26)(b)	USD	100		84,937
4.63%, 12/01/30 (Call 12/01/25)(b)	USD	100		76,000
5.00%, 11/15/31 (Call 11/15/26)(b)(c)	USD	50		37,750
5.25%, 06/01/24	USD	75		74,250
5.50%, 04/15/27 (Call 08/29/22)(b)	USD	100		97,060
5.75%, 01/15/30 (Call 01/15/25)(b)(c)	USD	250		203,437
6.50%, 02/01/29 (Call 02/01/24)(b)	USD	100		96,660
7.50%, 04/01/28 (Call 04/01/23)(b)	USD	125		114,687
Curo Group Holdings Corp., 7.50%, 08/01/28 (Call 08/01/24)(b)	USD	75		51,188
CVR Energy Inc.
5.25%, 02/15/25 (Call 08/15/22)(b)	USD	20		19,164
5.75%, 02/15/28 (Call 02/15/23)(b)(c)	USD	45		41,404
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 08/29/22)(b)	USD	40		39,246
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)	USD	15		12,670
5.38%, 11/15/27 (Call 11/15/22)	USD	40		37,496
5.63%, 06/15/28 (Call 06/15/23)(c)	USD	45		42,236

Security		Par (000)	Value
United States (continued)
Darling Ingredients Inc., 6.00%, 06/15/30 (Call 06/15/25)(b)	USD	65	$	67,225
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)(b)	USD	105		79,978
4.63%, 06/01/30 (Call 06/01/25)(b)	USD	190		156,121
DCP Midstream Operating LP
3.25%, 02/15/32 (Call 08/15/31)	USD	50		43,600
5.13%, 05/15/29 (Call 02/15/29)	USD	25		24,709
5.38%, 07/15/25 (Call 04/15/25)	USD	55		56,349
5.63%, 07/15/27 (Call 04/15/27)	USD	25		25,842
Delta Air Lines Inc.
2.90%, 10/28/24 (Call 09/28/24)	USD	70		66,922
3.75%, 10/28/29 (Call 07/28/29)(c)	USD	60		52,293
4.38%, 04/19/28 (Call 01/19/28)(c)	USD	40		37,497
7.38%, 01/15/26 (Call 12/15/25)	USD	80		84,258
Diamond Sports Group LLC/Diamond Sports Finance Co.
5.38%, 08/15/26 (Call 08/15/22)(b)	USD	205		45,100
6.63%, 08/15/27 (Call 08/15/22)(b)	USD	125		12,344
Diebold Nixdorf Inc.
8.50%, 04/15/24 (Call 08/29/22)(c)	USD	25		12,288
9.38%, 07/15/25 (Call 08/15/22)(b)(c)	USD	55		42,763
Directv Financing LLC/Directv Financing Co-Obligor Inc.,
5.88%, 08/15/27 (Call 08/15/23)(b)(c)	USD	275		257,196
DISH DBS Corp.
5.25%, 12/01/26 (Call 06/01/26)(b)	USD	185		160,256
5.75%, 12/01/28 (Call 12/01/27)(b)	USD	175		142,187
5.88%, 11/15/24(c)	USD	150		138,969
7.38%, 07/01/28 (Call 07/01/23)(c)	USD	80		57,391
7.75%, 07/01/26(c)	USD	150		124,980
5.13%, 06/01/29	USD	115		75,398
Diversified Healthcare Trust
4.38%, 03/01/31 (Call 09/01/30)(c)	USD	40		29,750
4.75%, 02/15/28 (Call 08/15/27)	USD	40		30,809
9.75%, 06/15/25 (Call 08/29/22)	USD	30		29,929
DPL Inc.
4.13%, 07/01/25 (Call 04/01/25)	USD	45		43,556
4.35%, 04/15/29 (Call 01/15/29)	USD	40		37,053
DT Midstream Inc.
4.13%, 06/15/29 (Call 06/15/24)(b)(c)	USD	75		69,574
4.38%, 06/15/31 (Call 06/15/26)(b)	USD	65		58,875
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 04/01/24)(b)(c)	USD	30		26,819
5.50%, 06/01/28 (Call 06/01/23)(b)(c)	USD	55		53,742
Elanco Animal Health Inc., 6.40%, 08/28/28 (Call 05/28/28)	USD	50		51,125
Enact Holdings Inc., 6.50%, 08/15/25 (Call 02/15/25)(b)	USD	50		50,115
Encompass Health Corp.
4.50%, 02/01/28 (Call 02/01/23)(c)	USD	55		50,886
4.63%, 04/01/31 (Call 04/01/26)(c)	USD	40		35,864
4.75%, 02/01/30 (Call 02/01/25)(c)	USD	55		50,680
Encore Capital Group Inc., 5.38%, 02/15/26 (Call 11/15/22)(a)	GBP	100		114,209
Endeavor Energy Resources LP/EER Finance Inc., 5.75%, 01/30/28 (Call 01/30/23)(b)	USD	50		50,563
Endo Dac/Endo Finance LLC/Endo Finco Inc.
6.00%, 06/30/28 (Call 06/30/23)(b)	USD	91		5,944
9.50%, 07/31/27 (Call 07/31/23)(b)(c)	USD	97		25,220
Endo Luxembourg Finance Co. I Sarl/Endo U.S. Inc., 6.13%, 04/01/29 (Call 04/01/24)(b)	USD	75		60,609

9

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

Security		Par (000)	Value
United States (continued)
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 09/30/23)(b)	USD	55	$	45,421
4.75%, 06/15/28 (Call 06/15/23)(b)	USD	25		21,375
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)	USD	65		63,719
4.40%, 04/01/24 (Call 01/01/24)	USD	50		49,985
4.85%, 07/15/26 (Call 04/15/26)	USD	40		39,491
Enstar Finance LLC, 5.50%, 01/15/42 (Call 01/15/27)(d)	USD	50		43,210
Entegris Escrow Corp., 5.95%, 06/15/30 (Call 06/15/25)(b)	USD	75		74,437
Entegris Inc.
3.63%, 05/01/29 (Call 05/01/24)(b)	USD	25		22,404
4.38%, 04/15/28 (Call 04/15/23)(b)	USD	25		23,467
EQM Midstream Partners LP
4.13%, 12/01/26 (Call 09/01/26)	USD	25		23,160
4.50%, 01/15/29 (Call 07/15/28)(b)(c)	USD	80		71,600
4.75%, 01/15/31 (Call 07/15/30)(b)	USD	75		67,991
5.50%, 07/15/28 (Call 04/15/28)	USD	65		61,799
6.00%, 07/01/25 (Call 04/01/25)(b)	USD	60		59,890
6.50%, 07/01/27 (Call 01/01/27)(b)	USD	50		50,594
7.50%, CALL, 06/01/27 (Call 06/01/24)(b)	USD	35		35,777
7.50%, CALL, 06/01/30 (Call 12/01/29)(b)	USD	40		41,123
Exela Intermediate LLC/Exela Finance Inc., 11.50%, 07/15/26 (Call 12/01/22)(b)	USD	75		23,051
Fair Isaac Corp.
4.00%, 06/15/28 (Call 12/15/22)(b)	USD	75		70,330
5.25%, 05/15/26 (Call 02/15/26)(b)	USD	25		25,508
Faurecia SE, 2.38%, 06/15/27 (Call 06/15/23)(a)	EUR	100		83,780
Ferrellgas LP/Ferrellgas Finance Corp.
5.38%, 04/01/26 (Call 04/01/23)(b)	USD	40		37,200
5.88%, 04/01/29 (Call 04/01/24)(b)	USD	60		52,604
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc.
4.63%, 01/15/29 (Call 01/15/25)(b)	USD	75		69,937
6.75%, 01/15/30 (Call 01/15/25)(b)	USD	90		73,575
FirstCash Inc.
4.63%, 09/01/28 (Call 09/01/23)(b)	USD	25		22,894
5.63%, 01/01/30 (Call 01/01/25)(b)	USD	35		32,911
FirstEnergy Corp.
2.65%, 03/01/30 (Call 12/01/29)	USD	45		39,731
Series B, 2.25%, 09/01/30 (Call 06/01/30)	USD	60		51,097
Series B, 4.40%, 07/15/27 (Call 04/15/27)	USD	110		107,767
Ford Credit Canada Co, 2.96%, 09/16/26 (Call 08/16/26)	CAD	100		68,007
Ford Credit Canada Co.
3.50%, 11/30/23	CAD	25		18,931
4.46%, 11/13/24	CAD	50		37,784
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)	USD	310		258,850
4.35%, 12/08/26 (Call 09/08/26)(c)	USD	25		24,681
Ford Motor Credit Co. LLC
1.51%, 02/17/23	EUR	100		101,872
1.74%, 07/19/24	EUR	100		98,555
2.30%, 02/10/25 (Call 01/10/25)	USD	25		23,521
2.70%, 08/10/26 (Call 07/10/26)	USD	175		158,966
3.25%, 09/15/25	EUR	100		99,665
3.37%, 11/17/23	USD	150		147,375
3.38%, 11/13/25 (Call 10/13/25)	USD	200		190,842
3.63%, 06/17/31 (Call 03/17/31)	USD	25		21,332
3.81%, 01/09/24 (Call 11/09/23)	USD	175		173,903
3.82%, 11/02/27 (Call 08/02/27)	USD	110		100,741
4.00%, 11/13/30 (Call 08/13/30)	USD	125		111,316

Security		Par (000)	Value
United States (continued)
4.06%, 11/01/24 (Call 10/01/24)	USD	225	$	221,344
4.13%, 08/04/25	USD	25		24,592
4.54%, 03/06/25	GBP	100		116,287
4.95%, 05/28/27 (Call 04/28/27)	USD	125		122,865
5.11%, 05/03/29 (Call 02/03/29)(c)	USD	225		219,094
5.13%, 06/16/25 (Call 05/16/25)	USD	365		363,872
Fortress Transportation and Infrastructure Investors LLC
5.50%, 05/01/28 (Call 05/01/24)(b)	USD	60		53,926
6.50%, 10/01/25 (Call 08/29/22)(b)	USD	60		59,583
9.75%, 08/01/27 (Call 08/01/23)(b)	USD	40		40,450
Freedom Mortgage Corp.
6.63%, 01/15/27 (Call 01/15/24)(b)	USD	35		27,194
7.63%, 05/01/26 (Call 05/01/23)(b)(c)	USD	45		37,292
8.13%, 11/15/24 (Call 08/29/22)(b)	USD	45		40,129
8.25%, 04/15/25 (Call 08/29/22)(b)(c)	USD	45		40,275
Frontier Communications Holdings LLC
5.00%, 05/01/28 (Call 05/01/24)(b)	USD	115		107,926
5.88%, 10/15/27 (Call 10/15/23)(b)(c)	USD	85		84,044
5.88%, 11/01/29 (Call 11/01/24)	USD	50		42,000
6.00%, 01/15/30 (Call 10/15/24)(b)(c)	USD	80		67,200
6.75%, 05/01/29 (Call 05/01/24)(b)(c)	USD	60		53,400
8.75%, 05/15/30 (Call 05/15/25)(b)	USD	100		106,000
FXI Holdings Inc.
7.88%, 11/01/24 (Call 08/29/22)(b)	USD	54		46,710
12.25%, 11/15/26 (Call 11/15/22)(b)	USD	49		43,257
Gap Inc. (The)
3.63%, 10/01/29 (Call 10/01/24)(b)(c)	USD	50		36,750
3.88%, 10/01/31 (Call 10/01/26)(b)	USD	50		35,977
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)(b)	USD	40		36,214
3.75%, 10/01/30 (Call 10/01/25)(b)	USD	55		50,624
4.50%, 07/01/28 (Call 07/01/23)(b)	USD	50		49,432
Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25 (Call 08/29/22)	USD	45		43,423
7.75%, 02/01/28 (Call 02/01/23)(c)	USD	55		51,553
8.00%, 01/15/27 (Call 01/15/24)	USD	70		68,192
Global Atlantic Fin Co., 4.70%, 10/15/51 (Call 07/15/26)(b)(d)	USD	60		48,769
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 03/01/24)(b)	USD	50		44,571
5.25%, 12/01/27 (Call 08/29/22)(b)	USD	60		59,041
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)(c)	USD	65		62,400
5.00%, 05/31/26 (Call 08/29/22)(c)	USD	80		78,651
5.00%, 07/15/29 (Call 04/15/29)(c)	USD	45		41,040
5.25%, 04/30/31 (Call 01/30/31)	USD	50		44,893
5.25%, 07/15/31 (Call 04/15/31)	USD	20		17,425
5.63%, 04/30/33 (Call 01/30/33)	USD	35		30,780
9.50%, 05/31/25 (Call 08/15/22)	USD	70		73,775
Grand Canyon University
4.13%, 10/01/24	USD	25		23,945
5.13%, 10/01/28 (Call 08/01/28)(c)	USD	40		37,542
Graphic Packaging International LLC
3.50%, 03/15/28(b)	USD	25		23,238
3.75%, 02/01/30 (Call 08/01/29)(b)	USD	45		40,722
Gray Escrow II Inc., 5.38%, 11/15/31 (Call 11/15/26)(b)(c)	USD	95		84,234
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)(b)	USD	75		64,708
5.88%, 07/15/26 (Call 08/29/22)(b)	USD	40		39,751
7.00%, 05/15/27 (Call 08/09/22)(b)	USD	65		65,497

10

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

Security		Par (000)	Value
United States (continued)
Griffon Corp., 5.75%, 03/01/28 (Call 03/01/23)	USD	80	$	76,376
Grifols SA, 1.63%, 02/15/25 (Call 08/29/22)(a)	EUR	100		98,003
GTCR AP Finance Inc., 8.00%, 05/15/27 (Call 08/29/22)(b)	USD	25		24,748
H&E Equipment Services Inc., 3.88%, 12/15/28 (Call 12/15/23)(b)(c)	USD	75		65,250
Hanesbrands Finance Luxembourg SCA, 3.50%, 06/15/24 (Call 03/15/24)(a)	EUR	100		95,763
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)(b)	USD	65		64,554
4.88%, 05/15/26 (Call 02/15/26)(b)	USD	65		63,585
HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/26 (Call 03/15/26)(b)	USD	95		83,334
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26 (Call 01/20/24)(b)	USD	100		96,679
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 09/01/22)(b)	USD	30		28,125
Herc Holdings Inc., 5.50%, 07/15/27 (Call 08/29/22)(b)	USD	75		75,000
Hertz Corp. (The)
4.63%, 12/01/26 (Call 12/01/23)(b)	USD	50		44,500
5.00%, 12/01/29 (Call 12/01/24)(b)(c)	USD	55		46,975
Hess Midstream Operations LP
4.25%, 02/15/30 (Call 02/15/25)(b)	USD	45		39,990
5.13%, 06/15/28 (Call 06/15/23)(b)(c)	USD	45		43,733
5.50%, 10/15/30 (Call 10/15/25)(b)	USD	35		32,802
5.63%, 02/15/26 (Call 08/29/22)(b)	USD	50		49,813
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 02/01/29 (Call 02/01/24)(b)	USD	45		41,784
6.00%, 04/15/30 (Call 04/15/25)(b)	USD	45		41,333
6.00%, 02/01/31 (Call 02/01/26)(b)	USD	45		41,217
6.25%, 11/01/28 (Call 11/01/23)(b)(c)	USD	25		24,113
6.25%, 04/15/32 (Call 05/15/27)(b)	USD	40		36,510
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)(b)	USD	105		90,562
3.75%, 05/01/29 (Call 05/01/24)(b)	USD	75		68,062
4.00%, 05/01/31 (Call 05/01/26)(b)	USD	75		67,500
4.88%, 01/15/30 (Call 01/15/25)(c)	USD	80		77,700
5.38%, 05/01/25 (Call 08/09/22)(b)	USD	10		10,000
5.75%, 05/01/28 (Call 05/01/23)(b)	USD	40		40,428
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc
4.88%, 07/01/31 (Call 07/01/26)(b)	USD	30		25,650
5.00%, 06/01/29 (Call 06/01/24)(b)(c)	USD	70		61,740
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 08/15/22)	USD	35		34,596
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)(b)	USD	60		45,529
Hologic Inc.
3.25%, 02/15/29 (Call 09/28/23)(b)	USD	75		68,109
4.63%, 02/01/28 (Call 02/01/23)(b)(c)	USD	25		24,317
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 02/01/24)(b)	USD	40		34,933
4.38%, 02/01/31 (Call 02/01/26)(b)	USD	40		34,208
5.38%, 08/01/28 (Call 08/01/23)(b)(c)	USD	65		60,637
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)(c)	USD	50		44,803
5.13%, 10/01/24 (Call 07/01/24)	USD	55		55,247
6.88%, 05/01/25 (Call 04/01/25)	USD	55		58,012

Security		Par (000)	Value
United States (continued)
HUB International Ltd.
5.63%, 12/01/29 (Call 12/01/24)(b)	USD	40	$	35,851
7.00%, 05/01/26 (Call 08/09/22)(b)	USD	125		123,903
Hughes Satellite Systems Corp.
5.25%, 08/01/26	USD	45		45,506
6.63%, 08/01/26(c)	USD	65		63,957
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%, 02/01/29 (Call 08/01/28)	USD	60		54,360
4.75%, 09/15/24 (Call 06/15/24)	USD	75		73,777
5.25%, 05/15/27 (Call 11/15/26)	USD	92		88,320
6.25%, 05/15/26 (Call 08/29/22)	USD	105		104,787
6.38%, 12/15/25 (Call 08/29/22)	USD	45		44,906
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 01/15/23)(b)(c)	USD	40		35,940
5.25%, 08/15/27 (Call 08/15/22)(b)	USD	45		41,144
6.38%, 05/01/26 (Call 08/15/22)	USD	50		48,655
8.38%, 05/01/27 (Call 08/15/22)(c)	USD	120		108,336
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/15/24)(b)	USD	150		140,250
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26 (Call 01/15/23)(a)	EUR	100		91,909
Intelsat Jackson Holdings SA, 6.50%, 03/15/30 (Call 03/15/25)(b)	USD	225		209,812
International Game Technology PLC
3.50%, 06/15/26 (Call 08/30/22)(a)	EUR	150		145,885
4.13%, 04/15/26 (Call 04/15/23)(b)	USD	65		61,790
6.25%, 01/15/27 (Call 07/15/26)(b)	USD	85		85,802
6.50%, 02/15/25 (Call 08/15/24)(b)	USD	90		91,939
IQVIA Inc.
2.25%, 03/15/29 (Call 03/15/24)(a)	EUR	100		88,577
2.88%, 09/15/25 (Call 08/08/22)(a)	EUR	100		100,964
2.88%, 06/15/28 (Call 06/15/23)(a)	EUR	100		93,728
5.00%, 05/15/27 (Call 08/29/22)(b)	USD	150		150,231
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)(b)	USD	85		74,587
4.88%, 09/15/27 (Call 09/15/22)(b)(c)	USD	75		71,608
4.88%, 09/15/29 (Call 09/15/24)(b)	USD	85		78,267
5.00%, 07/15/28 (Call 07/15/23)(b)	USD	30		28,575
5.25%, 03/15/28 (Call 12/27/22)(b)	USD	55		53,038
5.25%, 07/15/30 (Call 07/15/25)(b)(c)	USD	100		93,250
5.63%, 07/15/32 (Call 07/15/26)(b)	USD	35		33,082
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)(b)(c)	USD	55		49,386
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 08/08/22)(a)	GBP	100		108,917
iStar Inc.
4.25%, 08/01/25 (Call 05/01/25)(c)	USD	20		19,075
4.75%, 10/01/24 (Call 07/01/24)	USD	90		88,762
5.50%, 02/15/26 (Call 08/29/22)	USD	25		24,777
ITT Holdings LLC, 6.50%, 08/01/29 (Call 08/01/24)(b)(c)	USD	90		76,792
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)(b)	USD	130		125,170
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(b)(c)	USD	75		62,970
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 08/29/22)(b)	USD	25		23,133
4.88%, 12/15/27 (Call 12/15/22)(b)(c)	USD	25		21,238
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)(b)	USD	35		28,219
4.63%, 03/01/28 (Call 03/01/23)(b)(c)	USD	25		21,572
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 03/01/24)(c)	USD	30		26,857
4.75%, 02/01/30 (Call 09/01/24)	USD	50		43,000

11

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

Security		Par (000)	Value
United States (continued)
5.00%, 03/01/31 (Call 03/01/26)	USD	61	$	52,676
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 08/29/22)(b)	USD	50		50,066
Kinetik Holdings LP, 5.88%, 06/15/30 (Call 06/15/25)(b)	USD	80		80,668
LABL Inc.
5.88%, 11/01/28 (Call 11/01/24)(b)	USD	20		18,250
6.75%, 07/15/26 (Call 08/09/22)(b)	USD	65		62,806
8.25%, 11/01/29 (Call 11/01/24)(b)	USD	45		37,937
10.50%, 07/15/27 (Call 08/09/22)(b)(c)	USD	35		33,250
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 02/01/23)(b)	USD	35		30,958
4.75%, 06/15/29 (Call 06/15/24)(b)	USD	45		38,672
5.25%, 10/01/25 (Call 08/15/22)(b)	USD	4		3,770
Lamar Media Corp.
3.63%, 01/15/31 (Call 01/15/26)	USD	45		39,600
3.75%, 02/15/28 (Call 02/15/23)	USD	25		23,500
4.00%, 02/15/30 (Call 02/15/25)(c)	USD	35		32,372
4.88%, 01/15/29 (Call 01/15/24)(c)	USD	40		38,640
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)(b)	USD	75		70,125
4.38%, 01/31/32 (Call 01/31/27)(b)	USD	50		47,292
4.88%, 05/15/28 (Call 11/15/27)(b)	USD	35		33,950
Laredo Petroleum Inc.
7.75%, 07/31/29 (Call 07/31/24)(b)(c)	USD	25		24,150
9.50%, 01/15/25 (Call 08/29/22)	USD	25		25,633
Las Vegas Sands Corp.
2.90%, 06/25/25 (Call 05/25/25)	USD	25		23,411
3.20%, 08/08/24 (Call 07/08/24)	USD	125		121,562
3.50%, 08/18/26 (Call 06/18/26)	USD	75		70,312
3.90%, 08/08/29 (Call 05/08/29)	USD	44		39,572
LBM Acquisition LLC, 6.25%, 01/15/29 (Call 01/15/24)(b)	USD	75		56,625
LCM Investments Holdings II LLC, 4.88%, 05/01/29 (Call 05/01/24)(b)	USD	80		68,510
LCPR Senior Secured Financing DAC
5.13%, 07/15/29 (Call 07/15/24)(b)	USD	50		44,100
6.75%, 10/15/27 (Call 10/15/22)(b)	USD	90		87,889
LD Holdings Group LLC
6.13%, 04/01/28 (Call 04/01/24)(b)	USD	40		24,300
6.50%, 11/01/25 (Call 11/01/22)(b)	USD	25		16,383
Legacy LifePoint Health LLC
4.38%, 02/15/27 (Call 08/29/22)(b)	USD	35		31,243
6.75%, 04/15/25 (Call 08/29/22)(b)(c)	USD	35		34,584
Level 3 Financing Inc.
3.63%, 01/15/29 (Call 01/15/24)(b)	USD	55		46,218
3.75%, 07/15/29 (Call 01/15/24)(b)	USD	65		54,252
4.25%, 07/01/28 (Call 07/01/23)(b)(c)	USD	100		87,765
4.63%, 09/15/27 (Call 09/15/22)(b)(c)	USD	75		69,122
5.25%, 03/15/26 (Call 08/29/22)(c)	USD	50		49,779
5.38%, 05/01/25 (Call 08/29/22)	USD	70		70,094
Liberty Mutual Group Inc.
3.63%, 05/23/59 (Call 05/23/24)(a)(d)	EUR	100		95,023
4.13%, 12/15/51 (Call 09/15/26)(b)(d)	USD	100		84,040
Life Time Inc.
5.75%, 01/15/26 (Call 01/15/23)(b)	USD	68		63,750
8.00%, 04/15/26 (Call 02/01/23)(b)(c)	USD	45		42,413
Lifepoint Health Inc., 5.38%, 01/15/29 (Call 01/15/24)(b)	USD	45		34,828
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29 (Call 04/15/24)(b)(c)	USD	65		53,629

Security		Par (000)	Value
United States (continued)
Lithia Motors Inc.
3.88%, 06/01/29 (Call 06/01/24)(b)	USD	85	$	76,514
4.38%, 01/15/31 (Call 10/15/25)(b)	USD	40		36,648
Live Nation Entertainment Inc.
3.75%, 01/15/28 (Call 01/15/24)(b)	USD	50		45,840
4.75%, 10/15/27 (Call 10/15/22)(b)(c)	USD	75		71,908
6.50%, 05/15/27 (Call 05/15/23)(b)	USD	85		87,337
LPL Holdings Inc.
4.00%, 03/15/29 (Call 03/15/24)(b)	USD	60		55,800
4.38%, 05/15/31 (Call 05/15/26)(b)	USD	35		32,235
4.63%, 11/15/27 (Call 11/15/22)(b)	USD	25		24,310
Lumen Technologies Inc.
4.00%, 02/15/27 (Call 02/15/23)(b)	USD	105		96,542
4.50%, 01/15/29 (Call 01/15/24)(b)	USD	85		67,362
5.13%, 12/15/26 (Call 12/15/22)(b)(c)	USD	80		72,871
5.38%, 06/15/29 (Call 06/15/24)(b)	USD	65		54,387
5.63%, 04/01/25 (Call 01/01/25)	USD	40		39,800
Series W, 6.75%, 12/01/23(c)	USD	50		51,359
Series Y, 7.50%, 04/01/24 (Call 01/01/24)	USD	75		76,927
Macy’s Retail Holdings LLC
5.88%, 04/01/29 (Call 04/01/24)(b)(c)	USD	35		30,625
5.88%, 03/15/30 (Call 03/15/25)(b)	USD	35		30,263
6.13%, 03/15/32 (Call 03/15/27)(b)(c)	USD	15		12,700
Madison IAQ LLC
4.13%, 06/30/28 (Call 06/30/24)(b)	USD	50		44,360
5.88%, 06/30/29 (Call 06/30/24)(b)	USD	80		63,392
Mahle GmbH, 2.38%, 05/14/28 (Call 02/14/28)(a)	EUR	100		77,139
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
10.00%, 04/15/25 (Call 08/15/22)(b)	USD	25		24,250
11.50%, 12/15/28 (Call 06/15/27)(b)	USD	32		31,760
Marriott Ownership Resorts Inc., 4.50%, 06/15/29 (Call 06/15/24)(b)	USD	35		30,384
Matador Resources Co., 5.88%, 09/15/26 (Call 08/15/22)(c)	USD	80		81,612
Match Group Holdings II LLC
3.63%, 10/01/31 (Call 10/01/26)(b)	USD	35		29,865
4.13%, 08/01/30 (Call 05/01/25)(b)	USD	50		45,000
4.63%, 06/01/28 (Call 06/01/23)(b)(c)	USD	35		33,583
5.00%, 12/15/27 (Call 12/15/22)(b)	USD	25		24,304
Mattel Inc.
3.38%, 04/01/26 (Call 04/01/23)(b)	USD	40		37,890
3.75%, 04/01/29 (Call 04/01/24)(b)	USD	40		37,094
5.88%, 12/15/27 (Call 12/15/22)(b)(c)	USD	35		35,788
Mauser Packaging Solutions Holding Co.
5.50%, 04/15/24 (Call 08/29/22)(b)	USD	110		108,933
7.25%, 04/15/25 (Call 08/29/22)(b)(c)	USD	110		101,200
McGraw-Hill Education Inc.
5.75%, 08/01/28 (Call 08/01/24)(b)	USD	50		45,379
8.00%, 08/01/29 (Call 08/01/24)(b)	USD	60		50,895
Mercer International Inc., 5.13%, 02/01/29 (Call 02/01/24)	USD	60		56,250
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)(b)	USD	40		35,502
6.00%, 06/01/25 (Call 03/01/25)	USD	25		25,499
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)	USD	47		43,911
4.75%, 10/15/28 (Call 07/15/28)(c)	USD	65		58,906
5.50%, 04/15/27 (Call 01/15/27)	USD	76		73,477
5.75%, 06/15/25 (Call 03/15/25)	USD	80		79,048
6.75%, 05/01/25 (Call 08/29/22)	USD	50		50,953

12

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

Security		Par (000)	Value
United States (continued)
Michaels Companies Inc. (The)
5.25%, 05/01/28 (Call 11/01/23)(b)	USD	65	$	54,112
7.88%, 05/01/29 (Call 05/01/24)(b)(c)	USD	90		61,650
Midcap Financial Issuer Trust, 6.50%, 05/01/28 (Call 05/01/24)(b)	USD	120		110,150
Minerva Merger Sub Inc., 6.50%, 02/15/30 (Call 02/15/25)(b)(c)	USD	180		162,900
ModivCare Escrow Issuer Inc., 5.00%, 10/01/29 (Call 10/01/24)(b)(c)	USD	35		32,025
ModivCare Inc., 5.88%, 11/15/25 (Call 11/15/22)(b)	USD	25		24,476
Mohegan Gaming & Entertainment, 8.00%, 02/01/26 (Call 02/01/23)(b)	USD	100		88,819
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)(b)(c)	USD	40		37,284
3.88%, 05/15/32 (Call 02/15/32)(b)	USD	60		55,045
4.38%, 06/15/28 (Call 06/15/23)(b)	USD	55		53,272
Moss Creek Resources Holdings Inc.
7.50%, 01/15/26 (Call 08/29/22)(b)	USD	60		54,525
10.50%, 05/15/27 (Call 08/29/22)(b)	USD	40		38,723
Mozart Debt Merger Sub Inc.
3.88%, 04/01/29 (Call 10/01/24)(b)	USD	330		298,237
5.25%, 10/01/29 (Call 10/01/24)(b)(c)	USD	190		171,712
MPH Acquisition Holdings LLC
5.50%, 09/01/28 (Call 09/01/24)(b)	USD	75		69,750
5.75%, 11/01/28 (Call 11/01/23)(b)(c)	USD	90		76,725
MPT Operating Partnership LP/MPT Finance Corp.
3.33%, 03/24/25 (Call 12/24/24)	EUR	100		99,981
3.38%, 04/24/30 (Call 01/24/30)	GBP	125		123,550
3.50%, 03/15/31 (Call 03/15/26)	USD	85		73,390
4.63%, 08/01/29 (Call 08/01/24)	USD	65		60,937
5.00%, 10/15/27 (Call 10/15/22)(c)	USD	100		96,215
5.25%, 08/01/26 (Call 08/29/22)	USD	40		39,150
MSCI Inc.
3.25%, 08/15/33 (Call 08/15/27)(b)	USD	45		39,198
3.63%, 09/01/30 (Call 03/01/25)(b)	USD	60		54,780
3.63%, 11/01/31 (Call 11/01/26)(b)(c)	USD	50		44,621
3.88%, 02/15/31 (Call 06/01/25)(b)	USD	75		69,281
4.00%, 11/15/29 (Call 11/15/24)(b)(c)	USD	75		70,650
Murphy Oil Corp.
5.75%, 08/15/25 (Call 08/29/22)	USD	25		25,063
5.88%, 12/01/27 (Call 12/01/22)	USD	30		29,663
6.38%, 07/15/28 (Call 07/15/24)	USD	50		49,748
Murphy Oil USA Inc.
3.75%, 02/15/31 (Call 02/15/26)(b)	USD	35		31,826
4.75%, 09/15/29 (Call 09/15/24)	USD	50		48,203
Nabors Industries Inc.
5.75%, 02/01/25 (Call 11/01/24)	USD	50		46,388
7.38%, 05/15/27 (Call 05/15/24)(b)	USD	40		39,558
Nabors Industries Ltd., 7.25%, 01/15/26 (Call 08/29/22)(b)	USD	50		45,375
National Bank of Greece SA, 2.75%, 10/08/26 (Call 10/08/25)(a)(d)	EUR	150		136,618
Nationstar Mortgage Holdings Inc.
5.13%, 12/15/30 (Call 12/15/25)(b)	USD	30		25,136
5.50%, 08/15/28 (Call 08/15/23)(b)	USD	50		43,938
5.75%, 11/15/31 (Call 11/15/26)(b)(c)	USD	50		41,813
6.00%, 01/15/27 (Call 01/15/23)(b)(c)	USD	55		50,936
Navient Corp.
4.88%, 03/15/28 (Call 06/15/27)	USD	45		38,565
5.00%, 03/15/27 (Call 09/15/26)(c)	USD	60		53,850
5.50%, 03/15/29 (Call 06/15/28)	USD	40		34,580

Security		Par (000)	Value
United States (continued)
5.88%, 10/25/24	USD	50	$	49,296
6.13%, 03/25/24	USD	75		75,366
6.75%, 06/25/25	USD	15		14,654
6.75%, 06/15/26	USD	40		38,100
NCL Corp. Ltd.
3.63%, 12/15/24 (Call 08/09/22)(b)	USD	50		43,250
5.88%, 03/15/26 (Call 12/15/25)(b)	USD	105		85,444
5.88%, 02/15/27 (Call 02/15/24)(b)	USD	75		68,925
7.75%, 02/15/29 (Call 11/15/28)(b)	USD	45		36,065
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(b)	USD	40		30,924
NCR Corp.
5.00%, 10/01/28 (Call 10/01/23)(b)	USD	45		43,030
5.13%, 04/15/29 (Call 04/15/24)(b)	USD	85		81,697
5.25%, 10/01/30 (Call 10/01/25)(b)	USD	20		19,225
5.75%, 09/01/27 (Call 09/01/22)(b)	USD	40		39,100
6.13%, 09/01/29 (Call 09/01/24)(b)	USD	50		48,844
New Fortress Energy Inc.
6.50%, 09/30/26 (Call 03/31/23)(b)	USD	100		94,705
6.75%, 09/15/25 (Call 09/15/22)(b)	USD	100		97,625
Newell Brands Inc.
4.45%, 04/01/26 (Call 01/01/26)	USD	150		148,141
4.88%, 06/01/25 (Call 05/01/25)	USD	50		50,433
News Corp.
3.88%, 05/15/29 (Call 05/15/24)(b)(c)	USD	60		55,328
5.13%, 02/15/32 (Call 02/15/27)(b)	USD	35		34,068
Nexi SpA, 1.75%, 10/31/24 (Call 07/31/24)(a)	EUR	150		145,754
Nexstar Media Inc.
4.75%, 11/01/28 (Call 11/01/23)(b)	USD	85		79,432
5.63%, 07/15/27 (Call 08/09/22)(b)	USD	100		100,000
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)(b)(c)	USD	40		39,526
4.25%, 07/15/24 (Call 04/15/24)(b)	USD	65		64,400
4.50%, 09/15/27 (Call 06/15/27)(b)	USD	40		39,500
NFP Corp.
4.88%, 08/15/28 (Call 08/15/23)(b)	USD	35		31,714
6.88%, 08/15/28 (Call 08/15/23)(b)(c)	USD	145		127,252
NGL Energy Operating LLC/NGL Energy Finance Corp.,
7.50%, 02/01/26 (Call 02/01/23)(b)	USD	160		146,171
NGL Energy Partners LP/NGL Energy Finance Corp.,
7.50%, 11/01/23 (Call 08/29/22)(c)	USD	40		37,641
Nielsen Co. Luxembourg Sarl (The), 5.00%, 02/01/25 (Call 08/29/22)(b)(c)	USD	40		39,488
Nielsen Finance LLC/Nielsen Finance Co.
4.50%, 07/15/29 (Call 07/15/24)(b)	USD	55		51,975
4.75%, 07/15/31 (Call 07/15/26)(b)	USD	40		37,958
5.63%, 10/01/28 (Call 10/01/23)(b)	USD	70		68,600
5.88%, 10/01/30 (Call 10/01/25)(b)	USD	45		44,156
NMG Holding Co. Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26 (Call 04/01/23)(b)	USD	85		83,181
Nordstrom Inc.
4.25%, 08/01/31 (Call 05/01/31)	USD	40		31,720
4.38%, 04/01/30 (Call 01/01/30)(c)	USD	45		38,108
NortonLifeLock Inc., 5.00%, 04/15/25 (Call 08/09/22)(b)	USD	65		64,743
Novelis Corp.
3.25%, 11/15/26 (Call 11/15/23)(b)	USD	70		65,450
3.88%, 08/15/31 (Call 08/15/26)(b)(c)	USD	50		43,219
4.75%, 01/30/30 (Call 01/30/25)(b)	USD	95		88,184
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29 (Call 04/15/24)(a)	EUR	100		85,416

13

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

Security		Par (000)	Value
United States (continued)
NRG Energy Inc.
3.38%, 02/15/29 (Call 02/15/24)(b)	USD	35	$	30,284
3.63%, 02/15/31 (Call 02/15/26)(b)	USD	70		59,109
3.88%, 02/15/32 (Call 02/15/27)(b)	USD	75		64,067
5.25%, 06/15/29 (Call 06/15/24)(b)(c)	USD	65		61,271
5.75%, 01/15/28 (Call 01/15/23)(c)	USD	55		53,338
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)	USD	50		47,938
5.75%, 10/01/25 (Call 07/01/25)	USD	55		53,496
6.00%, 06/01/26 (Call 03/01/26)	USD	40		39,329
6.38%, 10/01/30 (Call 04/01/30)(c)	USD	30		28,083
Occidental Petroleum Corp.
5.50%, 12/01/25 (Call 09/01/25)	USD	60		61,504
5.55%, 03/15/26 (Call 12/15/25)(c)	USD	85		87,336
5.88%, 09/01/25 (Call 06/01/25)	USD	70		72,287
6.13%, 01/01/31 (Call 07/01/30)(c)	USD	100		107,168
6.38%, 09/01/28 (Call 03/01/28)	USD	40		43,117
6.63%, 09/01/30 (Call 03/01/30)	USD	110		123,296
6.95%, 07/01/24	USD	45		47,194
7.50%, 05/01/31	USD	85		98,778
8.00%, 07/15/25 (Call 04/15/25)	USD	45		48,609
8.50%, 07/15/27 (Call 01/15/27)	USD	40		45,847
8.88%, 07/15/30 (Call 01/15/30)	USD	85		102,320
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)(a)	EUR	100		96,669
4.75%, 02/15/30 (Call 11/15/24)(b)	USD	30		25,213
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)	USD	15		13,913
5.13%, 09/15/27 (Call 08/29/22)	USD	40		38,287
5.63%, 08/01/29 (Call 08/01/24)	USD	60		57,600
Olympus Water U.S. Holding Corp.
3.88%, 10/01/28 (Call 10/01/24)(a)	EUR	100		82,646
4.25%, 10/01/28 (Call 10/01/24)(b)	USD	125		107,777
OneMain Finance Corp.
3.50%, 01/15/27 (Call 01/15/24)(c)	USD	40		34,457
3.88%, 09/15/28 (Call 09/15/24)(c)	USD	50		41,285
4.00%, 09/15/30 (Call 09/15/25)(c)	USD	65		51,591
5.38%, 11/15/29 (Call 05/15/29)	USD	50		42,693
5.63%, 03/15/23	USD	0		—
6.13%, 03/15/24 (Call 09/15/23)	USD	105		103,831
6.63%, 01/15/28 (Call 07/15/27)(c)	USD	50		47,104
6.88%, 03/15/25	USD	80		79,000
7.13%, 03/15/26	USD	125		121,544
Organon & Co./Organon Foreign Debt Co-Issuer BV
4.13%, 04/30/28 (Call 04/30/24)(b)	USD	150		141,937
5.13%, 04/30/31 (Call 04/30/26)(b)	USD	150		140,437
Organon & Co./Organon Foreign Debt Co-Issuer BV.,
2.88%, 04/30/28 (Call 04/30/24)(a)	EUR	150		139,305
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.25%, 01/15/29 (Call 01/15/24)(b)	USD	50		43,000
4.63%, 03/15/30 (Call 03/15/25)(b)	USD	50		42,680
5.00%, 08/15/27 (Call 08/15/22)(b)	USD	30		28,282
6.25%, 06/15/25 (Call 08/29/22)(b)(c)	USD	30		29,828
Owens & Minor Inc.
4.50%, 03/31/29 (Call 03/31/24)(b)(c)	USD	25		22,633
6.63%, 04/01/30 (Call 04/01/25)(b)	USD	65		64,949
Owens-Brockway Glass Container Inc.
5.88%, 08/15/23(b)	USD	32		32,023
6.63%, 05/13/27 (Call 05/15/23)(b)(c)	USD	35		33,600

Security		Par (000)	Value
United States (continued)
Pactiv Evergreen Group Issuer Inc./Pactiv Evergreen Group Issuer LLC/Reynolds Gro, 4.00%, 10/15/27 (Call 10/15/23)(b)	USD	65	$	57,362
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc., 4.38%, 10/15/28 (Call 10/15/24)(b)(c)	USD	40		35,400
Par Pharmaceutical Inc., 7.50%, 04/01/27 (Call 08/29/22)(b)	USD	136		109,650
Paramount Global
6.25%, 02/28/57 (Call 02/28/27), (3 mo. LIBOR US + 3.899%)(d)	USD	30		28,013
6.38%, 03/30/62 (Call 03/30/27)(d)	USD	85		80,881
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
4.88%, 05/15/29 (Call 05/15/24)(b)	USD	60		55,021
5.88%, 10/01/28 (Call 10/01/23)(b)	USD	80		78,344
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28 (Call 02/15/23)(c)	USD	60		54,450
7.25%, 06/15/25 (Call 08/29/22)	USD	50		49,375
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 02/15/24)(b)	USD	40		32,583
5.38%, 10/15/25 (Call 10/15/22)(b)	USD	50		46,781
5.75%, 09/15/31 (Call 09/15/26)(b)	USD	45		37,823
Penske Automotive Group Inc.
3.50%, 09/01/25 (Call 09/01/22)	USD	45		43,270
3.75%, 06/15/29 (Call 06/15/24)	USD	25		22,500
Performance Food Group Inc.
4.25%, 08/01/29 (Call 08/01/24)(b)	USD	60		53,250
5.50%, 10/15/27 (Call 10/15/22)(b)	USD	85		84,256
Perrigo Finance Unlimited Co.
3.90%, 12/15/24 (Call 09/15/24)	USD	65		64,106
4.38%, 03/15/26 (Call 12/15/25)	USD	115		113,726
PetSmart Inc./PetSmart Finance Corp.
4.75%, 02/15/28 (Call 02/15/24)(b)	USD	75		71,062
7.75%, 02/15/29 (Call 02/15/24)(b)	USD	75		72,575
PG&E Corp.
5.00%, 07/01/28 (Call 07/01/23)	USD	75		68,470
5.25%, 07/01/30 (Call 07/01/25)(c)	USD	70		63,470
Photo Holdings Merger Sub Inc., 8.50%, 10/01/26 (Call 10/01/22)(b)	USD	50		36,958
Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 08/15/22)(b)(c)	USD	45		45,413
Pilgrim’s Pride Corp.
3.50%, 03/01/32 (Call 09/01/26)(b)	USD	75		63,328
4.25%, 04/15/31 (Call 04/15/26)(b)	USD	65		58,256
5.88%, 09/30/27 (Call 09/30/22)(b)(c)	USD	55		55,000
Pitney Bowes Inc., 6.88%, 03/15/27 (Call 03/15/24)(b)	USD	25		19,911
Post Holdings Inc.
4.50%, 09/15/31 (Call 09/15/26)(b)(c)	USD	130		116,064
4.63%, 04/15/30 (Call 04/15/25)(b)	USD	105		94,227
5.50%, 12/15/29 (Call 12/15/24)(b)	USD	85		80,347
5.63%, 01/15/28 (Call 12/01/22)(b)	USD	70		69,114
5.75%, 03/01/27 (Call 08/15/22)(b)	USD	40		40,111
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.
5.63%, 09/01/29 (Call 09/01/24)(b)(c)	USD	65		52,487
5.88%, 09/01/31 (Call 09/01/26)(b)	USD	60		47,239
Presidio Holdings Inc.
4.88%, 02/01/27 (Call 02/01/23)(b)	USD	25		24,000
8.25%, 02/01/28 (Call 02/01/23)(b)	USD	55		51,975

14

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

Security		Par (000)	Value
United States (continued)
Prestige Brands Inc.
3.75%, 04/01/31 (Call 04/01/26)(b)(c)	USD	60	$	51,600
5.13%, 01/15/28 (Call 01/15/23)(b)	USD	25		24,226
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)(b)	USD	70		63,350
5.25%, 04/15/24(b)	USD	65		65,444
5.75%, 04/15/26(b)	USD	85		86,383
6.25%, 01/15/28 (Call 01/15/23)(b)(c)	USD	110		100,835
PTC Inc.
3.63%, 02/15/25 (Call 08/29/22)(b)	USD	40		39,000
4.00%, 02/15/28 (Call 02/15/23)(b)(c)	USD	40		38,395
QVC Inc.
4.38%, 09/01/28 (Call 06/01/28)	USD	40		31,200
4.45%, 02/15/25 (Call 11/15/24)	USD	50		47,865
4.75%, 02/15/27 (Call 11/15/26)	USD	45		37,857
4.85%, 04/01/24	USD	50		49,459
Rackspace Technology Global Inc.
3.50%, 02/15/28 (Call 02/15/24)(b)	USD	45		37,603
5.38%, 12/01/28 (Call 12/01/23)(b)	USD	45		33,613
Radian Group Inc.
4.50%, 10/01/24 (Call 07/01/24)	USD	25		24,697
4.88%, 03/15/27 (Call 09/15/26)	USD	25		24,411
6.63%, 03/15/25 (Call 09/15/24)	USD	55		56,077
Radiate Holdco LLC/Radiate Finance Inc.
4.50%, 09/15/26 (Call 09/15/23)(b)(c)	USD	65		60,073
6.50%, 09/15/28 (Call 09/15/23)(b)(c)	USD	80		63,740
Radiology Partners Inc., 9.25%, 02/01/28 (Call 02/01/23)(b)	USD	50		38,200
Range Resources Corp.
4.75%, 02/15/30 (Call 02/15/25)(b)(c)	USD	35		33,425
4.88%, 05/15/25 (Call 02/15/25)	USD	45		44,559
8.25%, 01/15/29 (Call 01/15/24)	USD	55		58,821
Realogy Group LLC/Realogy Co-Issuer Corp.
5.25%, 04/15/30 (Call 04/15/25)(b)	USD	80		63,808
5.75%, 01/15/29 (Call 01/15/24)(b)(c)	USD	55		45,925
RegionalCare Hospital Partners Holdings Inc./LifePoint
Health Inc., 9.75%, 12/01/26 (Call 08/29/22)(b)	USD	105		98,700
RHP Hotel Properties LP/RHP Finance Corp.
4.50%, 02/15/29 (Call 02/15/24)(b)(c)	USD	40		36,720
4.75%, 10/15/27 (Call 10/15/22)(c)	USD	55		53,087
Rite Aid Corp.
7.50%, 07/01/25 (Call 08/29/22)(b)	USD	59		51,429
8.00%, 11/15/26 (Call 01/15/23)(b)	USD	79		66,518
RLJ Lodging Trust LP, 4.00%, 09/15/29 (Call 09/15/24)(b)(c)	USD	70		62,037
ROBLOX Corp., 3.88%, 05/01/30 (Call 11/01/24)(b)(c)	USD	65		57,330
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc.
2.88%, 10/15/26 (Call 10/15/23)(b)(c)	USD	85		75,613
3.63%, 03/01/29 (Call 03/01/24)(b)	USD	70		59,850
3.88%, 03/01/31 (Call 03/01/26)(b)	USD	80		66,600
4.00%, 10/15/33 (Call 10/15/27)(b)(c)	USD	70		56,753
Rockies Express Pipeline LLC, 4.95%, 07/15/29 (Call 04/15/29)(b)	USD	65		57,373
RP Escrow Issuer LLC, 5.25%, 12/15/25 (Call 12/15/22)(b)	USD	70		63,223
Sabre GLBL Inc.
7.38%, 09/01/25 (Call 09/01/22)(b)	USD	75		74,278
9.25%, 04/15/25 (Call 03/16/25)(b)	USD	40		40,696
SBA Communications Corp.
3.13%, 02/01/29 (Call 02/01/24)	USD	90		78,750
3.88%, 02/15/27 (Call 02/15/23)(c)	USD	120		114,522

Security		Par (000)	Value
United States (continued)
Scientific Games International Inc.
7.00%, 05/15/28 (Call 05/15/23)(b)(c)	USD	35	$	35,481
7.25%, 11/15/29 (Call 11/15/24)(b)(c)	USD	40		40,934
8.63%, 07/01/25 (Call 08/29/22)(b)	USD	50		51,937
SCIH Salt Holdings Inc.
4.88%, 05/01/28 (Call 05/01/24)(b)	USD	75		65,715
6.63%, 05/01/29 (Call 05/01/24)(b)(c)	USD	50		42,510
Scotts Miracle-Gro Co. (The)
4.00%, 04/01/31 (Call 04/01/26)	USD	20		16,500
4.38%, 02/01/32 (Call 08/01/26)	USD	40		33,262
4.50%, 10/15/29 (Call 10/15/24)	USD	25		21,636
Scripps Escrow II Inc.
3.88%, 01/15/29 (Call 01/15/24)(b)	USD	20		17,863
5.38%, 01/15/31 (Call 01/15/26)(b)(c)	USD	55		46,922
Scripps Escrow Inc., 5.88%, 07/15/27 (Call 08/29/22)(b)	USD	25		23,969
Seagate HDD Cayman
4.09%, 06/01/29 (Call 03/01/29)(c)	USD	35		31,686
4.88%, 03/01/24 (Call 01/01/24)	USD	60		59,932
4.88%, 06/01/27 (Call 03/01/27)	USD	60		59,610
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)(b)	USD	45		42,828
5.00%, 04/15/29 (Call 04/15/25)(b)	USD	30		29,787
5.13%, 12/01/24 (Call 09/01/24)(b)(c)	USD	30		30,351
5.50%, 09/15/25 (Call 06/15/25)(b)(c)	USD	25		25,516
Select Medical Corp., 6.25%, 08/15/26 (Call 08/29/22)(b)(c)	USD	80		80,104
Sensata Technologies BV, 4.00%, 04/15/29 (Call 04/15/24)(b)	USD	75		68,250
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)(b)(c)	USD	55		47,864
4.38%, 02/15/30 (Call 11/15/29)(b)(c)	USD	45		41,905
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)	USD	75		66,656
4.00%, 05/15/31 (Call 05/15/26)(c)	USD	70		64,321
4.63%, 12/15/27 (Call 12/15/22)(c)	USD	25		24,674
5.13%, 06/01/29 (Call 06/01/24)(c)	USD	65		65,000
Service Properties Trust
3.95%, 01/15/28 (Call 07/15/27)	USD	35		25,981
4.35%, 10/01/24 (Call 09/01/24)	USD	60		53,900
4.38%, 02/15/30 (Call 08/15/29)	USD	35		25,717
4.75%, 10/01/26 (Call 08/01/26)	USD	35		28,368
4.95%, 02/15/27 (Call 08/15/26)(c)	USD	25		20,464
4.95%, 10/01/29 (Call 07/01/29)	USD	35		26,244
5.50%, 12/15/27 (Call 09/15/27)	USD	40		35,427
7.50%, 09/15/25 (Call 06/15/25)	USD	40		38,782
Silgan Holdings Inc.
3.25%, 03/15/25 (Call 08/29/22)	EUR	100		100,118
4.13%, 02/01/28 (Call 10/01/22)(c)	USD	50		47,554
Sinclair Television Group Inc.
4.13%, 12/01/30 (Call 12/01/25)(b)	USD	55		46,887
5.13%, 02/15/27 (Call 08/15/22)(b)(c)	USD	25		22,489
5.50%, 03/01/30 (Call 12/01/24)(b)(c)	USD	40		32,460
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 09/01/23)(b)(c)	USD	55		51,947
3.88%, 09/01/31 (Call 09/01/26)(b)	USD	95		82,327
4.00%, 07/15/28 (Call 07/15/24)(b)	USD	165		153,285
4.13%, 07/01/30 (Call 07/01/25)(b)	USD	120		107,850
5.00%, 08/01/27 (Call 08/29/22)(b)(c)	USD	115		113,766
5.50%, 07/01/29 (Call 07/01/24)(b)	USD	80		78,600

15

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

Security		Par (000)	Value
United States (continued)
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 08/29/22)(b)(c)	USD	85	$	83,703
5.50%, 04/15/27 (Call 08/29/22)(b)(c)	USD	40		38,221
Six Flags Theme Parks Inc., 7.00%, 07/01/25 (Call 08/29/22)(b)(c)	USD	35		35,972
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)	USD	65		56,690
4.20%, 10/29/25 (Call 09/29/25)(c)	USD	25		24,205
SM Energy Co.
6.50%, 07/15/28 (Call 07/15/24)(c)	USD	45		44,626
6.63%, 01/15/27 (Call 08/29/22)	USD	25		24,948
SoftBank Group Corp., 4.00%, 09/19/29 (Call 06/21/29)(a)	EUR	125		97,286
Sonic Automotive Inc.
4.63%, 11/15/29 (Call 11/15/24)(b)(c)	USD	40		33,880
4.88%, 11/15/31 (Call 11/15/26)(b)(c)	USD	32		26,080
Sotheby’s, 7.38%, 10/15/27 (Call 10/15/22)(b)	USD	50		48,473
Southwestern Energy Co.
4.75%, 02/01/32 (Call 02/01/27)	USD	90		83,925
5.38%, 02/01/29 (Call 02/01/24)	USD	50		48,875
5.38%, 03/15/30 (Call 03/15/25)	USD	90		89,017
7.75%, 10/01/27 (Call 10/01/22)	USD	40		41,716
Spectrum Brands Inc.
3.88%, 03/15/31 (Call 03/15/26)(b)	USD	30		24,725
5.75%, 07/15/25 (Call 08/29/22)	USD	41		40,942
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)	USD	65		54,340
5.50%, 01/15/25 (Call 10/15/22)(b)	USD	15		14,942
7.50%, 04/15/25 (Call 08/29/22)(b)	USD	100		99,609
Sprint Corp.
7.13%, 06/15/24	USD	190		199,025
7.63%, 02/15/25 (Call 11/15/24)	USD	115		122,762
7.63%, 03/01/26 (Call 11/01/25)	USD	115		126,049
7.88%, 09/15/23	USD	260		269,262
SRM Escrow Issuer LLC, 6.00%, 11/01/28 (Call 11/01/23)(b)(c)	USD	60		55,800
SRS Distribution Inc.
4.63%, 07/01/28 (Call 07/01/24)(b)	USD	55		51,366
6.00%, 12/01/29 (Call 12/01/24)(b)(c)	USD	60		52,336
6.13%, 07/01/29 (Call 07/01/24)(b)(c)	USD	25		22,466
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 08/29/22)(b)(c)	USD	125		123,187
Stagwell Global LLC, 5.63%, 08/15/29 (Call 08/15/24)(b)(c)	USD	75		63,240
Standard Industries Inc./NJ
2.25%, 11/21/26 (Call 08/21/26)(a)	EUR	100		85,575
3.38%, 01/15/31 (Call 07/15/25)(b)	USD	85		68,850
4.38%, 07/15/30 (Call 07/15/25)(b)	USD	125		109,197
4.75%, 01/15/28 (Call 01/15/23)(b)	USD	75		70,992
5.00%, 02/15/27 (Call 08/29/22)(b)	USD	60		57,600
Staples Inc.
7.50%, 04/15/26 (Call 08/29/22)(b)(c)	USD	125		110,625
10.75%, 04/15/27 (Call 08/29/22)(b)(c)	USD	75		55,897
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)(b)	USD	40		36,100
3.75%, 12/31/24 (Call 09/30/24)(b)	USD	30		28,820
4.38%, 01/15/27 (Call 07/15/26)(b)	USD	50		46,067
Station Casinos LLC
4.50%, 02/15/28 (Call 02/15/23)(b)	USD	50		45,250
4.63%, 12/01/31 (Call 06/01/31)(b)	USD	30		26,105
Stericycle Inc., 3.88%, 01/15/29 (Call 11/15/23)(b)	USD	60		53,895

Security		Par (000)	Value
United States (continued)
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 (Call 06/01/26)(b)	USD	50	$	45,802
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 (Call 07/15/23)(b)	USD	40		37,862
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29 (Call 05/15/24)(c)	USD	75		67,113
4.50%, 04/30/30	USD	73		64,022
5.88%, 03/15/28 (Call 03/15/23)	USD	25		23,938
6.00%, 04/15/27 (Call 08/29/22)	USD	25		24,852
Switch Ltd.
3.75%, 09/15/28 (Call 09/15/23)(b)(c)	USD	25		24,999
4.13%, 06/15/29 (Call 06/15/24)(b)	USD	55		55,656
Talen Energy Supply LLC
6.50%, 06/01/25 (Call 08/29/22)	USD	0		—
7.25%, 05/15/27 (Call 08/29/22)(b)(g)	USD	0		—
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
5.50%, 01/15/28 (Call 01/15/23)(b)	USD	45		42,047
6.00%, 03/01/27 (Call 03/01/23)(b)	USD	30		28,031
6.00%, 12/31/30 (Call 12/31/25)(b)	USD	40		36,203
6.00%, 09/01/31 (Call 09/01/26)(b)(c)	USD	45		40,607
7.50%, 10/01/25 (Call 10/01/22)(b)	USD	50		50,378
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(b)	USD	25		22,974
5.75%, 01/15/28 (Call 10/15/27)(b)	USD	30		29,168
5.88%, 06/15/27 (Call 03/15/27)(b)	USD	40		40,850
TEGNA Inc.
4.63%, 03/15/28 (Call 03/15/23)(c)	USD	75		73,060
4.75%, 03/15/26 (Call 03/15/23)(b)	USD	55		54,394
5.00%, 09/15/29 (Call 09/15/24)	USD	70		68,483
Teleflex Inc., 4.25%, 06/01/28 (Call 06/01/23)(b)	USD	70		66,017
Tempur Sealy International Inc., 3.88%, 10/15/31 (Call 10/15/26)(b)	USD	105		85,271
Tenet Healthcare Corp.
4.25%, 06/01/29 (Call 06/01/24)(b)	USD	100		93,000
4.38%, 01/15/30 (Call 12/01/24)(b)(c)	USD	100		92,537
4.63%, 07/15/24 (Call 08/29/22)	USD	47		46,876
4.63%, 09/01/24 (Call 08/15/22)(b)	USD	50		49,780
4.63%, 06/15/28 (Call 06/15/23)(b)(c)	USD	40		37,951
4.88%, 01/01/26 (Call 08/29/22)(b)	USD	140		137,375
5.13%, 11/01/27 (Call 11/01/22)(b)	USD	110		108,350
6.13%, 10/01/28 (Call 10/01/23)(b)(c)	USD	175		169,642
6.13%, 06/15/30 (Call 06/15/25)(b)	USD	131		132,168
6.25%, 02/01/27 (Call 08/29/22)(b)	USD	110		110,433
Tenneco Inc.
5.00%, 07/15/26 (Call 08/29/22)	USD	35		34,388
5.13%, 04/15/29 (Call 04/15/24)(b)	USD	55		54,902
7.88%, 01/15/29 (Call 01/15/24)(b)	USD	35		34,769
TerraForm Power Operating LLC
4.75%, 01/15/30 (Call 01/15/25)(b)(c)	USD	60		55,800
5.00%, 01/31/28 (Call 07/31/27)(b)	USD	50		48,058
Terrier Media Buyer Inc., 8.88%, 12/15/27 (Call 12/15/22)(b)	USD	80		64,515
Teva Pharmaceutical Finance Netherlands II BV, 6.00%, 01/31/25 (Call 10/31/24)	EUR	100		104,751
TKC Holdings Inc.
6.88%, 05/15/28 (Call 05/15/24)(b)	USD	40		34,590
10.50%, 05/15/29 (Call 05/15/24)(b)(c)	USD	40		35,500
T-Mobile USA Inc.
2.25%, 02/15/26 (Call 02/15/23)	USD	80		74,700

16

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

Security		Par (000)	Value
United States (continued)
2.63%, 04/15/26 (Call 04/15/23)	USD	55	$	51,838
2.63%, 02/15/29 (Call 02/15/24)	USD	20		17,900
2.88%, 02/15/31 (Call 02/15/26)	USD	25		22,125
3.38%, 04/15/29 (Call 04/15/24)	USD	102		95,318
3.50%, 04/15/31 (Call 04/15/26)	USD	72		66,578
4.75%, 02/01/28 (Call 02/01/23)	USD	65		64,962
5.38%, 04/15/27 (Call 08/09/22)(c)	USD	15		15,203
TransDigm Inc.
4.63%, 01/15/29 (Call 01/15/24)	USD	90		81,000
4.88%, 05/01/29 (Call 05/01/24)	USD	60		53,572
5.50%, 11/15/27 (Call 11/15/22)	USD	185		174,638
6.25%, 03/15/26 (Call 08/29/22)(b)	USD	280		281,347
6.38%, 06/15/26 (Call 08/29/22)	USD	80		80,002
7.50%, 03/15/27 (Call 08/29/22)	USD	25		25,358
8.00%, 12/15/25 (Call 08/29/22)(b)	USD	80		82,929
TransDigm UK Holdings PLC, 6.88%, 05/15/26 (Call 08/29/22)	USD	50		50,088
Transocean Inc., 11.50%, 01/30/27 (Call 07/30/23)(b)	USD	100		94,780
Transocean Pontus Ltd., 6.13%, 08/01/25 (Call 08/29/22)(b)	USD	62		57,502
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 08/29/22)(b)	USD	89		81,715
Travel + Leisure Co.
4.50%, 12/01/29 (Call 09/01/29)(b)	USD	45		38,644
6.00%, 04/01/27 (Call 01/01/27)	USD	40		39,730
6.63%, 07/31/26 (Call 04/30/26)(b)	USD	35		35,551
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24	USD	25		25,191
Triumph Group Inc.
6.25%, 09/15/24 (Call 08/29/22)(b)(c)	USD	25		23,688
7.75%, 08/15/25 (Call 08/29/22)(c)	USD	52		44,655
8.88%, 06/01/24 (Call 02/01/23)(b)	USD	32		33,380
Tronox Inc., 4.63%, 03/15/29 (Call 03/15/24)(b)	USD	80		69,507
Twilio Inc.
3.63%, 03/15/29 (Call 03/15/24)	USD	50		43,907
3.88%, 03/15/31 (Call 03/15/26)(c)	USD	20		17,570
Twitter Inc.
3.88%, 12/15/27 (Call 09/15/27)(b)	USD	50		47,575
5.00%, 03/01/30 (Call 12/01/29)(b)	USD	80		77,500
U.S. Foods Inc.
4.63%, 06/01/30 (Call 06/01/25)(b)(c)	USD	45		41,340
4.75%, 02/15/29 (Call 02/15/24)(b)	USD	80		75,058
6.25%, 04/15/25 (Call 08/29/22)(b)(c)	USD	60		61,125
Uber Technologies Inc.
4.50%, 08/15/29 (Call 08/15/24)(b)	USD	110		98,316
6.25%, 01/15/28 (Call 09/15/23)(b)(c)	USD	50		48,998
7.50%, 05/15/25 (Call 08/29/22)(b)	USD	85		87,172
7.50%, 09/15/27 (Call 09/15/22)(b)	USD	75		75,937
8.00%, 11/01/26 (Call 08/29/22)(b)(c)	USD	90		92,003
United Airlines Inc.
4.38%, 04/15/26 (Call 10/15/25)(b)(c)	USD	140		134,190
4.63%, 04/15/29 (Call 10/15/28)(b)	USD	140		128,975
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)(c)	USD	60		53,343
3.88%, 02/15/31 (Call 08/15/25)	USD	85		76,925
4.00%, 07/15/30 (Call 07/15/25)(c)	USD	45		41,584
4.88%, 01/15/28 (Call 01/15/23)(c)	USD	125		124,219
5.25%, 01/15/30 (Call 01/15/25)	USD	60		60,591
5.50%, 05/15/27 (Call 08/29/22)(c)	USD	37		37,474
U.S. Steel Corp., 6.88%, 03/01/29 (Call 03/01/24)(c)	USD	65		62,237

Security		Par (000)	Value
United States (continued)
United Wholesale Mortgage LLC
5.50%, 11/15/25 (Call 11/15/22)(b)(c)	USD	50	$	46,046
5.50%, 04/15/29 (Call 04/15/24)(b)	USD	40		34,324
5.75%, 06/15/27 (Call 06/15/24)(b)	USD	50		43,732
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC
6.00%, 01/15/30 (Call 01/15/25)(b)	USD	50		36,364
7.88%, 02/15/25 (Call 08/29/22)(b)	USD	160		161,000
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
4.75%, 04/15/28 (Call 04/15/24)(b)	USD	30		26,547
6.50%, 02/15/29 (Call 02/15/24)(b)	USD	95		73,631
Univision Communications Inc.
4.50%, 05/01/29 (Call 05/01/24)(b)(c)	USD	80		72,350
5.13%, 02/15/25 (Call 08/09/22)(b)	USD	110		107,777
6.63%, 06/01/27 (Call 06/01/23)(b)	USD	115		115,805
7.38%, 06/30/30 (Call 06/30/25)(b)	USD	35		35,438
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26 (Call 08/29/22)	USD	65		60,923
6.88%, 09/01/27 (Call 09/01/22)	USD	45		41,767
Valvoline Inc.
3.63%, 06/15/31 (Call 06/15/26)(b)	USD	40		33,292
4.25%, 02/15/30 (Call 02/15/25)(b)	USD	35		31,763
Vector Group Ltd.
5.75%, 02/01/29 (Call 02/01/24)(b)	USD	60		54,480
10.50%, 11/01/26 (Call 08/29/22)(b)	USD	45		43,875
Venture Global Calcasieu Pass LLC
3.88%, 11/01/33 (Call 05/01/33)(b)	USD	85		74,824
3.88%, 08/15/29 (Call 02/15/29)(b)	USD	90		83,250
4.13%, 08/15/31 (Call 02/15/31)(b)	USD	90		83,469
Vericast Corp., 11.00%, 09/15/26 (Call 09/15/23)(b)	USD	91		89,862
Verisure Holding AB, 3.88%, 07/15/26 (Call 08/29/22)(a)	EUR	100		94,179
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 (Call 08/29/22)(b)	USD	140		118,475
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 08/29/22)(b)	USD	65		65,391
ViaSat Inc.
5.63%, 09/15/25 (Call 08/09/22)(b)	USD	40		35,200
5.63%, 04/15/27 (Call 08/09/22)(b)(c)	USD	25		23,584
6.50%, 07/15/28 (Call 07/15/23)(b)	USD	40		28,952
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 09/15/22)(b)	USD	55		44,766
7.00%, 02/15/29 (Call 02/15/24)(b)(c)	USD	25		20,269
13.00%, 05/15/25 (Call 08/15/22)(b)	USD	60		63,540
Vistra Operations Co. LLC
4.38%, 05/01/29 (Call 05/01/24)(b)	USD	100		92,000
5.00%, 07/31/27 (Call 08/09/22)(b)	USD	80		78,760
5.50%, 09/01/26 (Call 08/09/22)(b)(c)	USD	75		75,900
5.63%, 02/15/27 (Call 08/09/22)(b)	USD	95		95,305
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/23)(b)	USD	60		53,400
Vodafone Group PLC, 3.00%, 08/27/80 (Call 05/27/30)(a)(d)	EUR	100		84,301
Weatherford International Ltd.
6.50%, 09/15/28 (Call 09/15/24)(b)(c)	USD	35		33,338
8.63%, 04/30/30 (Call 10/30/24)(b)	USD	115		101,677
Wesco Aircraft Holdings Inc.
8.50%, 11/15/24 (Call 08/29/22)(b)	USD	74		37,648
9.00%, 11/15/26 (Call 11/15/22)(b)(c)	USD	89		53,578
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 08/29/22)(b)	USD	80		82,600
7.25%, 06/15/28 (Call 06/15/23)(b)	USD	105		109,365

17

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

Security		Par (000)	Value
United States (continued)
Western Midstream Operating LP
3.35%, 02/01/25 (Call 01/01/25)	USD	60	$	58,862
4.30%, 02/01/30 (Call 11/01/29)	USD	85		79,050
4.50%, 03/01/28 (Call 12/01/27)	USD	35		33,861
4.65%, 07/01/26 (Call 04/01/26)(c)	USD	35		34,650
4.75%, 08/15/28 (Call 05/15/28)	USD	35		34,277
WeWork Companies Inc., 7.88%, 05/01/25(b)(c)	USD	50		38,015
WeWork Companies LLC/WW Co-Obligor Inc., 5.00%, 07/10/25 (Call 04/10/25)(b)	USD	55		37,617
Williams Scotsman International Inc., 4.63%, 08/15/28 (Call 08/15/23)(b)	USD	30		28,094
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 08/15/23)(b)	USD	105		93,492
WMG Acquisition Corp.
3.00%, 02/15/31 (Call 02/15/26)(b)(c)	USD	40		34,741
3.75%, 12/01/29 (Call 12/01/24)(b)	USD	50		45,877
3.88%, 07/15/30 (Call 07/15/25)(b)(c)	USD	50		45,644
WR Grace Holdings LLC
4.88%, 06/15/27 (Call 06/15/23)(b)	USD	70		67,025
5.63%, 08/15/29 (Call 08/15/24)(b)	USD	70		59,080
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.25%, 05/15/27 (Call 02/15/27)(b)(c)	USD	65		60,287
5.50%, 03/01/25 (Call 12/01/24)(b)	USD	125		123,150
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
5.13%, 10/01/29 (Call 07/01/29)(b)(c)	USD	50		43,625
7.75%, 04/15/25 (Call 08/29/22)(b)	USD	25		25,250
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)(b)	USD	65		62,586
5.50%, 08/15/28 (Call 07/15/28)(b)(c)	USD	40		36,680
XHR LP, 4.88%, 06/01/29 (Call 06/01/24)(b)	USD	85		76,660
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)	USD	85		76,952
4.63%, 01/31/32 (Call 10/01/26)(c)	USD	95		89,621
4.75%, 01/15/30 (Call 10/15/29)(b)	USD	50		48,620
5.38%, 04/01/32 (Call 04/01/27)	USD	70		69,139
Zayo Group Holdings Inc.
4.00%, 03/01/27 (Call 08/29/22)(b)	USD	105		92,035
6.13%, 03/01/28 (Call 03/01/23)(b)	USD	90		69,750
ZF Europe Finance BV, 3.00%, 10/23/29 (Call 07/23/29)(a)	EUR	100		84,155

Security		Par/ Shares (000)	Value
United States (continued)
Ziggo Bond Co. BV, 3.38%, 02/28/30 (Call 02/15/25)(a)	EUR	100	$	79,275
Ziggo BV, 2.88%, 01/15/30 (Call 10/15/24)(a)	EUR	100		84,714
				66,465,768
Total Long-Term Investments — 97.4%
(Cost: $113,032,622)				99,757,488

Short-Term Securities
Money Market Funds — 16.8%
BlackRock Cash Funds: Institutional, SL Agency Shares, 1.93%(i)(j)(k)	16,259		16,257,816
BlackRock Cash Funds: Treasury, SL Agency Shares, 1.81%(i)(j)	930		930,000
Total Short-Term Securities — 16.8%
(Cost: $17,186,887)			17,187,816
Total Investments in Securities — 114.2%
(Cost: $130,219,509)			116,945,304
Liabilities in Excess of Other Assets — (14.2)%			(14,567,268	)
Net Assets — 100.0%		$	102,378,036

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

^(b) Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

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

^(d) 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) Non-income producing security.

^(h) Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

⁽ⁱ⁾ Affiliate of the Fund.

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

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 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 Sale			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 07/31/22		Shares Held at 07/31/22 (000)	Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	20,934,089	$	—	$	(4,663,843	)(a)	$	(9,661	)	$	(2,769	)	$	16,257,816	16,259	$	49,490	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,290,000		—		(360,000	)(a)		—			—			930,000	930		2,810			—
								$	(9,661	)	$	(2,769	)	$	17,187,816		$	52,300		$	—

^(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.

18

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

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: 

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

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

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the 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	$	—	$	99,757,488	$	—	$	99,757,488
Money Market Funds		17,187,816		—		—		17,187,816
	$	17,187,816	$	99,757,488	$	—	$	116,945,304

Portfolio Abbreviations - Fixed Income

CAB	Capital Appreciation Bonds
LIBOR	London Interbank Offered Rate
REIT	Real Estate Investment Trust
SOFR	Secured Overnight Financing Rate

Currency Abbreviations

CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

19