Schedule of Investments (unaudited)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Corporate Bonds & Notes
Australia — 0.6%
AG Issuer LLC, 6.25%, 03/01/28 (Call 03/01/23)(a)	USD	25	$	23,625
Commerzbank Ag Subordinated, 1.38%, 12/29/31 (Call 09/29/26)(b)(c)	EUR	100		91,733
FMG Resources August 2006 Pty Ltd.
4.38%, 04/01/31 (Call 01/01/31)(a)(d)	USD	100		88,000
4.50%, 09/15/27 (Call 06/15/27)(a)(d)	USD	50		47,730
5.13%, 05/15/24 (Call 02/15/24)(a)	USD	50		49,625
FMG Resources August Pty. Ltd.
5.88%, 04/15/30 (Call 01/15/30)(a)(d)	USD	45		43,871
6.13%, 04/15/32 (Call 01/15/32)(a)(d)	USD	40		39,000
Level 3 Financing Inc., 3.40%, 03/01/27 (Call 01/01/27)(a)(d)	USD	50		43,392
Mineral Resources Ltd.
8.00%, 11/01/27 (Call 11/01/24)(a)	USD	50		51,314
8.13%, 05/01/27 (Call 05/01/23)(a)	USD	50		50,375
8.50%, 05/01/30 (Call 05/01/25)(a)	USD	40		41,450
				570,115
Austria — 0.2%
ams-OSRAM AG, 6.00%, 07/31/25 (Call 03/02/23)(b)	EUR	100		104,514
Wienerberger AG, 2.00%, 05/02/24(b)	EUR	50		53,090
				157,604
Belgium — 0.3%
Ontex Group NV, 3.50%, 07/15/26 (Call 07/15/23)(b)	EUR	100		95,017
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28 (Call 02/13/23)(a)	USD	200		186,125
				281,142
Canada — 3.3%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 02/15/24)(a)(d)	USD	45		39,499
3.88%, 01/15/28 (Call 09/15/23)(a)	USD	95		86,828
4.00%, 10/15/30 (Call 10/15/25)(a)	USD	200		170,250
4.38%, 01/15/28 (Call 11/15/23)(a)	USD	45		41,552
5.75%, 04/15/25 (Call 04/15/23)(a)(d)	USD	40		39,995
Air Canada
3.88%, 08/15/26 (Call 02/15/26)(a)	USD	75		69,477
4.63%, 08/15/29 (Call 02/15/26)(a)	CAD	213		145,396
AutoCanada Inc., 5.75%, 02/07/29 (Call 01/01/25)(a)	CAD	75		50,114
Bausch Health Cos. Inc.
5.25%, 02/15/31 (Call 02/15/26)(a)(d)	USD	50		22,626
6.13%, 02/01/27 (Call 02/01/24)(a)	USD	80		54,600
Bombardier Inc.
6.00%, 02/15/28 (Call 02/15/24)(a)	USD	40		38,005
7.13%, 06/15/26 (Call 06/15/23)(a)	USD	75		74,719
7.50%, 12/01/24 (Call 12/01/23)(a)	USD	20		20,397
7.50%, 03/15/25 (Call 03/15/23)(a)	USD	77		77,122
7.50%, 02/01/29 (Call 02/01/26)(a)	USD	50		50,000
7.88%, 04/15/27 (Call 04/15/23)(a)(d)	USD	130		129,675
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC
4.88%, 02/15/30 (Call 02/15/25)(a)	USD	50		38,800
6.25%, 09/15/27 (Call 09/15/23)(a)	USD	32		28,305
Crew Energy Inc., 6.50%, 03/14/24 (Call 03/14/23)(a)	CAD	23		17,124
Emera Inc., Series 16-A, 6.75%, 06/15/76 (Call 06/15/26)(c)(d)	USD	75		73,801
Ford Motor Credit Co. LLC, 4.13%, 08/17/27 (Call 06/17/27)	USD	25		23,057
Garda World Security Corp.
4.63%, 02/15/27 (Call 02/15/23)(a)	USD	50		45,638

Security	Par (000)		Value
Canada (continued)
6.00%, 06/01/29 (Call 06/01/24)(a)	USD	50	$	41,790
7.75%, 02/15/28 (Call 02/15/25)(a)(d)	USD	30		30,394
9.50%, 11/01/27 (Call 11/01/23)(a)	USD	25		24,813
GFL Environmental Inc.
3.50%, 09/01/28 (Call 03/01/28)(a)(d)	USD	50		44,253
3.75%, 08/01/25 (Call 08/01/23)(a)	USD	55		52,341
4.00%, 08/01/28 (Call 08/01/23)(a)(d)	USD	35		31,071
4.25%, 06/01/25 (Call 06/01/23)(a)(d)	USD	15		14,495
4.38%, 08/15/29 (Call 08/15/24)(a)	USD	40		35,273
4.75%, 06/15/29 (Call 06/15/24)(a)(d)	USD	60		54,372
5.13%, 12/15/26 (Call 12/15/23)(a)	USD	34		33,110
Kronos Acquisition Holdings Inc./KIK Custom Products Inc.
5.00%, 12/31/26 (Call 06/30/23)(a)	USD	35		31,771
7.00%, 12/31/27 (Call 12/31/23)(a)	USD	45		39,217
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)(a)	USD	20		16,742
5.25%, 12/15/27 (Call 12/15/23)(a)(d)	USD	50		45,761
MEG Energy Corp.
5.88%, 02/01/29 (Call 02/01/24)(a)(d)	USD	25		23,950
7.13%, 02/01/27 (Call 02/01/23)(a)	USD	60		61,503
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)	USD	50		47,733
5.25%, 12/15/29 (Call 09/15/29)	USD	40		36,779
NOVA Chemicals Corp.
4.25%, 05/15/29 (Call 05/15/24)(a)(d)	USD	32		27,437
4.88%, 06/01/24 (Call 03/03/24)(a)	USD	55		54,175
5.00%, 05/01/25 (Call 01/31/25)(a)	USD	40		38,646
5.25%, 06/01/27 (Call 03/03/27)(a)	USD	75		69,889
NuVista Energy Ltd., 7.88%, 07/23/26 (Call 07/19/23)(a)	CAD	25		19,095
Open Text Corp.
3.88%, 02/15/28 (Call 02/15/23)(a)	USD	65		56,482
3.88%, 12/01/29 (Call 12/01/24)(a)	USD	60		49,930
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)(a)	USD	65		54,761
4.13%, 12/01/31 (Call 12/01/26)(a)	USD	43		34,937
Parkland Corp.
3.88%, 06/16/26 (Call 06/16/23)(a)	CAD	125		86,736
4.50%, 10/01/29 (Call 10/01/24)(a)	USD	45		38,803
4.63%, 05/01/30 (Call 05/01/25)(a)	USD	55		47,443
5.88%, 07/15/27 (Call 07/15/23)(a)	USD	40		38,440
SNC-Lavalin Group Inc., 7.00%, 06/12/26	CAD	25		19,313
Superior Plus LP, 4.25%, 05/18/28 (Call 05/18/24)(a)	CAD	50		33,182
Tamarack Valley Energy Ltd., 7.25%, 05/10/27 (Call 05/10/24)(a)	CAD	25		17,889
Telesat Canada/Telesat LLC
4.88%, 06/01/27 (Call 12/01/23)(a)(d)	USD	35		16,013
5.63%, 12/06/26 (Call 12/06/23)(a)(d)	USD	35		16,139
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 04/15/23)(a)	USD	55		52,024
Videotron Ltd.
3.13%, 01/15/31 (Call 01/15/26)	CAD	25		14,825
3.63%, 06/15/28 (Call 06/15/24)(a)	CAD	50		33,034
3.63%, 06/15/29 (Call 06/15/24)(a)(d)	USD	25		21,828
4.50%, 01/15/30 (Call 10/15/24)	CAD	110		72,829
5.13%, 04/15/27 (Call 04/15/23)(a)	USD	35		33,663
5.38%, 06/15/24 (Call 03/15/24)(a)	USD	50		49,770
				2,999,631

1

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
China — 0.1%
Leviathan Bond Ltd.
6.13%, 06/30/25 (Call 03/30/25)(a)(b)	USD	45	$	44,681
6.75%, 06/30/30 (Call 12/30/29)(a)(b)	USD	40		38,979
				83,660
Finland — 0.3%
Nokia OYJ
2.00%, 03/11/26 (Call 12/11/25)	EUR	100		102,303
4.38%, 06/12/27	USD	35		33,717
Teollisuuden Voima OYJ, 2.63%, 03/31/27 (Call 12/31/26)(b)	EUR	150		150,571
				286,591
France — 4.7%
Accor SA, 3.00%, 02/04/26 (Call 11/04/25)(b)	EUR	100		105,195
Adevinta ASA, 2.63%, 11/15/25 (Call 02/03/23)(b)	EUR	100		103,173
Altice France SA, 5.50%, 10/15/29 (Call 10/15/24)(a)	USD	150		119,138
Altice France SA/France
2.13%, 02/15/25 (Call 01/29/24)(b)	EUR	100		100,140
4.13%, 01/15/29 (Call 09/15/23)(b)	EUR	100		85,083
5.13%, 01/15/29 (Call 09/15/23)(a)	USD	25		19,552
5.13%, 07/15/29 (Call 04/15/24)(a)	USD	175		136,062
5.50%, 01/15/28 (Call 09/15/23)(a)	USD	100		83,052
8.13%, 02/01/27 (Call 08/01/23)(a)(d)	USD	100		93,762
Atos SE
1.00%, 11/12/29 (Call 08/12/29)(b)	EUR	100		71,320
2.50%, 11/07/28 (Call 08/07/28)(b)	EUR	100		75,814
Banijay Entertainment SASU, 3.50%, 03/01/25 (Call 03/02/23)(b)	EUR	100		104,723
CAB SELAS, 3.38%, 02/01/28 (Call 02/01/24)	EUR	100		90,489
Casino Guichard Perrachon SA, 5.25%, 04/15/27 (Call 04/15/23)(b)	EUR	100		63,252
Chrome Bidco SASU, 3.50%, 05/31/28 (Call 05/31/24)(b)	EUR	100		90,145
Electricite de France SA, 5.63%, (Call 01/22/24)(a)(c)(e)	USD	95		92,387
Elis SA, 1.63%, 04/03/28 (Call 01/03/28)(b)	EUR	100		93,578
Emeria SASU, 3.38%, 03/31/28 (Call 03/31/24)(b)	EUR	100		90,339
Faurecia SE
2.38%, 06/15/27 (Call 06/15/23)(b)	EUR	100		92,966
2.63%, 06/15/25 (Call 03/02/23)(b)	EUR	100		102,575
2.75%, 02/15/27 (Call 02/15/24)(b)	EUR	100		96,131
3.13%, 06/15/26 (Call 03/02/23)(b)	EUR	100		99,843
Fnac Darty SA, 2.63%, 05/30/26 (Call 03/02/23)(b)	EUR	100		101,900
Iliad Holding SASU
5.63%, 10/15/28 (Call 10/15/24)(b)	EUR	100		101,087
7.00%, 10/15/28 (Call 10/15/24)(a)	USD	125		117,397
iliad SA
1.50%, 10/14/24 (Call 07/14/24)(b)	EUR	100		104,222
1.88%, 04/25/25 (Call 01/25/25)(b)	EUR	200		204,159
IPD 3 BV, 5.50%, 12/01/25 (Call 03/02/23)(b)	EUR	100		105,458
La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 02/10/23)(b)	EUR	100		95,251
Loxam SAS, 3.25%, 01/14/25 (Call 02/10/23)(b)	EUR	125		130,044
Picard Groupe SAS, 3.88%, 07/01/26 (Call 07/01/23)(b)	EUR	100		98,332
Quatrim SASU, 5.88%, 01/15/24 (Call 02/10/23)(b)	EUR	100		105,999
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(b)(c)	EUR	100		99,714
Renault SA
1.13%, 10/04/27 (Call 07/04/27)	EUR	100		90,376
2.38%, 05/25/26 (Call 02/25/26)(b)	EUR	100		99,732
2.50%, 06/02/27 (Call 03/02/27)(b)	EUR	100		97,647
Rexel SA, 2.13%, 12/15/28 (Call 12/15/24)(b)	EUR	100		93,241
SPCM SA, 2.63%, 02/01/29 (Call 09/15/23)(b)	EUR	100		93,093

Security	Par (000)		Value
France (continued)
SPIE SA, 2.63%, 06/18/26 (Call 12/18/25)(b)	EUR	100	$	102,740
Tereos Finance Groupe, 4.75%, 04/30/27 (Call 04/30/24)(b)	EUR	100		100,378
Valeo
1.50%, 06/18/25 (Call 03/18/25)(b)	EUR	100		103,070
5.38%, 05/28/27 (Call 02/28/27)(b)	EUR	100		109,302
Verallia SA, 1.63%, 05/14/28 (Call 02/14/28)(b)	EUR	100		95,056
				4,256,917
Germany — 3.2%
ADLER Group SA
1.88%, 01/14/26 (Call 10/14/25)(b)	EUR	100		47,653
2.25%, 04/27/27 (Call 01/27/27)(b)(f)(g)	EUR	100		42,033
Adler Pelzer Holding GmbH, 4.13%, 04/01/24 (Call 02/10/23)(b)(f)	EUR	100		89,546
Bayer AG
3.13%, 11/12/79 (Call 08/12/27)	EUR	100		95,354
3.75%, 07/01/74 (Call 07/01/24)(b)(c)	EUR	100		105,856
5.38%, 03/25/82 (Call 06/25/30)(b)(c)	EUR	100		99,836
Cheplapharm Arzneimittel GmbH, 4.38%, 01/15/28 (Call 01/15/24)(b)	EUR	100		99,181
Commerzbank AG
4.00%, 03/30/27(b)	EUR	80		85,879
4.00%, 12/05/30 (Call 09/05/25)(b)(c)	EUR	100		104,698
CT Investment GmbH, 5.50%, 04/15/26 (Call 04/15/23)(b)	EUR	100		97,034
Deutsche Lufthansa AG
1.63%, 11/16/23 (Call 10/16/23)(b)	EUR	100		106,284
2.88%, 05/16/27 (Call 02/16/27)(b)	EUR	100		96,037
3.00%, 05/29/26 (Call 03/02/26)(b)	EUR	100		101,101
3.50%, 07/14/29 (Call 04/14/29)(b)	EUR	100		94,644
Douglas GmbH, 6.00%, 04/08/26 (Call 04/15/23)(b)	EUR	100		93,538
Evonik Industries AG, 1.38%, 09/02/81 (Call 09/02/26)(b)(c)	EUR	100		91,914
Gruenenthal GMBH, 4.13%, 05/15/28 (Call 05/15/24)(b)	EUR	100		98,706
Mahle GmbH, 2.38%, 05/14/28 (Call 02/14/28)(b)	EUR	100		82,423
Nidda Healthcare Holding GmbH, 7.50%, 08/21/26 (Call 04/30/24)(b)	EUR	100		105,827
ProGroup AG, 3.00%, 03/31/26 (Call 03/02/23)(b)	EUR	100		101,169
Schaeffler AG
2.88%, 03/26/27 (Call 12/26/26)(b)	EUR	75		76,460
3.38%, 10/12/28 (Call 07/12/28)	EUR	100		97,974
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26 (Call 02/10/23)(b)	EUR	88		91,258
thyssenkrupp AG, 2.88%, 02/22/24 (Call 11/22/23)(b)	EUR	25		26,749
TK Elevator Holdco GmbH
6.63%, 07/15/28 (Call 07/15/23)(b)	EUR	90		86,263
7.63%, 07/15/28 (Call 07/15/23)(a)(d)	USD	25		22,212
TK Elevator Midco GmbH, 4.38%, 07/15/27 (Call 07/15/23)(b)	EUR	100		98,129
TK Elevator U.S. Newco Inc., 5.25%, 07/15/27 (Call 07/15/23)(a)	USD	100		92,539
ZF Europe Finance BV
2.00%, 02/23/26 (Call 12/23/25)(b)	EUR	100		98,128
3.00%, 10/23/29 (Call 07/23/29)(b)	EUR	100		88,955
ZF Finance GmbH
2.25%, 05/03/28 (Call 02/03/28)(b)	EUR	100		89,953
2.75%, 05/25/27 (Call 02/25/27)(b)	EUR	100		95,400
ZF North America Capital Inc., 4.75%, 04/29/25(a)	USD	75		72,422
				2,875,155

2

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Gibraltar — 0.1%
888 Acquisitions Ltd., 7.56%, 07/15/27 (Call 07/15/24)(b)	EUR	100	$	93,550
Greece — 0.8%
Alpha Bank SA
2.50%, 03/23/28 (Call 03/23/27)(b)(c)	EUR	100		90,533
7.50%, 06/16/27	EUR	100		109,650
Eurobank SA
2.00%, 05/05/27 (Call 05/05/26)(b)(c)	EUR	100		92,932
7.00%, 01/26/29	EUR	100		107,801
Piraeus Bank SA, 8.25%, 01/28/27 (Call 01/28/26)(b)(c)	EUR	100		110,088
Public Power Corp. SA, 3.88%, 03/30/26 (Call 03/30/23)(b)	EUR	100		102,477
Titan Global Finance PLC, 2.38%, 11/16/24 (Call 05/16/24)(b)	EUR	100		105,994
				719,475
Hong Kong — 0.0%
Melco Resorts Finance Ltd., 5.75%, 07/21/28 (Call 07/21/23)(a)	USD	25		22,632
Ireland — 0.7%
AerCap Global Aviation Trust, 6.50%, 06/15/45 (Call 06/15/25)(a)(c)	USD	25		24,446
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24)(c)	USD	75		71,699
AIB Group PLC, 1.88%, 11/19/29 (Call 11/19/24)(b)(c)	EUR	100		101,339
Bank of Ireland Group PLC, 1.38%, 08/11/31 (Call 05/11/26)(b)(c)	EUR	100		94,838
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/23)(a)(d)	USD	75		71,346
eircom Finance DAC, 3.50%, 05/15/26 (Call 03/02/23)(b)	EUR	125		125,425
Permanent TSB Group Holdings PLC, 5.25%, 06/30/25 (Call 06/30/24)(b)(c)	EUR	100		106,981
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28 (Call 07/15/23)(a)	USD	25		22,690
				618,764
Israel — 1.1%
Energean Israel Finance Ltd., 5.88%, 03/30/31 (Call 09/30/30)(a)(b)	USD	35		31,572
Teva Pharmaceutical Finance Netherlands II BV
3.75%, 05/09/27 (Call 02/09/27)	EUR	100		98,055
4.38%, 05/09/30 (Call 02/09/30)	EUR	150		139,972
6.00%, 01/31/25 (Call 01/31/24)	EUR	100		109,483
Teva Pharmaceutical Finance Netherlands III BV
3.15%, 10/01/26	USD	275		246,725
4.75%, 05/09/27 (Call 02/09/27)	USD	75		69,632
5.13%, 05/09/29 (Call 02/09/29)(d)	USD	50		46,224
6.00%, 04/15/24 (Call 01/15/24)(d)	USD	100		99,875
6.75%, 03/01/28 (Call 12/01/27)(d)	USD	100		100,442
				941,980
Italy — 4.9%
Atlantia SpA
1.88%, 07/13/27 (Call 04/13/27)(b)	EUR	100		96,128
1.88%, 02/12/28 (Call 11/12/27)(b)	EUR	100		93,613
Banca Monte dei Paschi di Siena SpA
3.63%, 09/24/24(b)	EUR	100		104,476
10.50%, 07/23/29(b)	EUR	100		108,457
Banca Popolare di Sondrio SCPA, 2.38%, 04/03/24(b)	EUR	100		106,535
Banco BPM SpA
1.75%, 01/28/25(b)	EUR	100		103,578
3.25%, 01/14/31 (Call 01/14/26)(b)(c)	EUR	100		97,312
6.00%, 01/21/28 (Call 01/21/27)(b)(c)	EUR	150		163,928

Security	Par (000)		Value
Italy (continued)
BPER Banca
1.38%, 03/31/27 (Call 03/31/26)(b)(c)	EUR	100	$	96,215
6.13%, 02/01/28 (Call 02/01/27)(b)(c)	EUR	150		163,629
Centurion Bidco SpA, 5.88%, 09/30/26 (Call 02/03/23)(b)	EUR	100		99,198
doValue SpA, 3.38%, 07/31/26 (Call 07/31/23)(b)	EUR	100		99,583
Guala Closures SpA, 3.25%, 06/15/28 (Call 06/15/24)(b)	EUR	100		93,501
Iccrea Banca SpA
4.75%, 01/18/32 (Call 10/18/26)(b)(c)	EUR	100		95,563
6.88%, 01/20/28	EUR	100		109,847
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 02/10/23)(b)	EUR	100		94,598
Infrastrutture Wireless Italiane SpA, 1.88%, 07/08/26 (Call 04/08/26)(b)	EUR	100		100,399
Intesa Sanpaolo SpA
3.93%, 09/15/26	EUR	100		107,633
4.20%, 06/01/32 (Call 06/01/31)(a)(c)(d)	USD	60		47,742
5.15%, 06/10/30(b)	GBP	100		104,956
5.71%, 01/15/26(a)	USD	200		196,477
5.88%, 03/04/29 (Call 03/04/24)(b)(c)	EUR	100		110,074
Leonardo SpA, 1.50%, 06/07/24 (Call 03/07/24)(b)	EUR	100		105,362
Lottomatica SpA/Roma, 5.13%, 07/15/25 (Call 02/10/23)(b)	EUR	100		104,817
Nexi SpA, 1.63%, 04/30/26 (Call 01/30/26)(b)	EUR	100		97,213
Saipem Finance International BV
2.63%, 01/07/25(b)	EUR	100		104,696
3.13%, 03/31/28 (Call 12/31/27)(b)	EUR	100		94,240
Telecom Italia SpA, 6.88%, 02/15/28 (Call 11/15/27)(b)	EUR	100		108,681
Telecom Italia SpA/Milano
1.63%, 01/18/29 (Call 10/18/28)(b)	EUR	100		82,287
3.00%, 09/30/25(b)	EUR	100		101,009
3.63%, 05/25/26(b)	EUR	200		201,489
4.00%, 04/11/24 (Call 01/11/24)(b)	EUR	100		106,535
5.30%, 05/30/24(a)	USD	95		92,353
UniCredit SpA
2.00%, 09/23/29 (Call 09/23/24)(b)(c)	EUR	200		202,940
2.73%, 01/15/32 (Call 01/15/27)(b)(c)	EUR	200		189,326
5.46%, 06/30/35 (Call 06/30/30)(a)(c)	USD	110		95,962
5.86%, 06/19/32 (Call 06/19/27)(a)(c)	USD	50		46,326
7.30%, 04/02/34 (Call 04/02/29)(a)(c)	USD	75		73,000
Verde Bidco SpA, 4.63%, 10/01/26 (Call 10/01/23)(b)	EUR	100		97,306
Webuild SpA, 1.75%, 10/26/24(b)	EUR	100		100,436
				4,397,420
Japan — 0.5%
Rakuten Group Inc.
5.13%, (Call 04/22/26)(a)(c)(e)	USD	60		52,800
6.25%, (Call 04/22/31)(a)(c)(d)(e)	USD	60		48,726
10.25%, 11/30/24(a)(d)	USD	50		50,612
SoftBank Group Corp.
3.13%, 09/19/25 (Call 06/21/25)(b)	EUR	150		151,976
5.00%, 04/15/28 (Call 01/16/28)(b)	EUR	100		98,978
				403,092
Jersey — 0.1%
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)(a)	USD	75		73,916
Kazakhstan — 0.1%
Energean Israel Finance Ltd., 5.38%, 03/30/28 (Call 09/30/27)(a)(b)	USD	45		41,527

3

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Kuwait — 0.0%
Leviathan Bond Ltd., 6.50%, 06/30/27 (Call 12/30/26)(a)(b)	USD	30	$	29,613
Luxembourg — 1.6%
Albion Financing 1 SARL/Aggreko Holdings Inc., 6.13%, 10/15/26 (Call 10/15/23)(a)	USD	65		58,545
Altice Financing SA
4.25%, 08/15/29 (Call 08/15/24)(b)	EUR	100		87,766
5.00%, 01/15/28 (Call 01/15/24)(a)	USD	50		42,514
5.75%, 08/15/29 (Call 08/15/24)(a)	USD	175		147,608
Altice Finco SA, 4.75%, 01/15/28 (Call 03/02/23)(b)	EUR	100		83,651
Altice France Holding SA
4.00%, 02/15/28 (Call 03/02/23)(b)	EUR	100		72,923
6.00%, 02/15/28 (Call 02/15/23)(a)(d)	USD	50		33,952
8.00%, 05/15/27 (Call 02/10/23)(b)	EUR	100		88,472
10.50%, 05/15/27 (Call 05/15/23)(a)	USD	100		85,875
Cidron Aida Finco Sarl, 5.00%, 04/01/28 (Call 04/01/24)(b)	EUR	100		97,712
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25 (Call 11/01/23)(b)	EUR	100		82,643
INEOS Finance PLC, 2.88%, 05/01/26 (Call 02/10/23)(b)	EUR	100		97,644
Loarre Investments Sarl, 6.50%, 05/15/29 (Call 05/15/25)(b)	EUR	100		102,499
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 03/02/23)(b)	EUR	100		100,066
Mytilineos Financial Partners SA, 2.50%, 12/01/24 (Call 06/01/24)(b)	EUR	100		106,604
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 03/02/23)(b)	EUR	100		97,540
Swissport Investments SA, 0.00%, 12/15/21(b)(f)(g)(h)	EUR	100		1
Vivion Investments Sarl, 3.00%, 08/08/24(b)	EUR	100		91,250
				1,477,265
Macau — 0.8%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 06/06/23)(a)(d)	USD	120		113,250
5.38%, 12/04/29 (Call 12/04/24)(a)	USD	125		107,813
MGM China Holdings Ltd.
4.75%, 02/01/27 (Call 02/01/24)(a)	USD	75		67,875
5.25%, 06/18/25 (Call 02/13/23)(a)	USD	25		23,721
5.88%, 05/15/26 (Call 05/15/23)(a)	USD	50		47,625
Studio City Finance Ltd.
5.00%, 01/15/29 (Call 01/15/24)(a)	USD	100		80,625
6.50%, 01/15/28 (Call 07/15/23)(a)(d)	USD	35		31,588
Wynn Macau Ltd.
5.13%, 12/15/29 (Call 12/15/24)(a)	USD	100		83,375
5.50%, 01/15/26 (Call 06/15/23)(a)	USD	50		46,648
5.50%, 10/01/27 (Call 10/01/23)(a)	USD	50		44,750
5.63%, 08/26/28 (Call 08/26/23)(a)	USD	100		87,733
				735,003
Malaysia — 0.0%
Resorts World Las Vegas LLC/RWLV Capital Inc., 4.63%, 04/16/29 (Call 01/16/29)(a)	USD	50		41,013
Netherlands — 1.7%
Lincoln Financing Sarl, 3.63%, 04/01/24 (Call 03/02/23)(b)	EUR	125		135,182
Nobian Finance BV, 3.63%, 07/15/26 (Call 07/15/23)(b)	EUR	100		93,554
PPF Telecom Group BV, 3.25%, 09/29/27  (Call 06/29/27)(b)	EUR	175		173,401
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/02/23)(b)	EUR	150		137,827
Sensata Technologies BV
5.00%, 10/01/25(a)	USD	50		49,305
5.63%, 11/01/24(a)	USD	25		24,966

Security	Par (000)		Value
Netherlands (continued)
Sigma Holdco BV, 5.75%, 05/15/26 (Call 02/10/23)(b)	EUR	100	$	82,960
Trivium Packaging Finance BV
3.75%, 08/15/26 (Call 03/02/23)(b)	EUR	100		101,237
8.50%, 08/15/27 (Call 08/15/23)(a)(d)	USD	100		96,000
United Group BV
4.00%, 11/15/27 (Call 11/15/23)(b)	EUR	100		86,564
4.63%, 08/15/28 (Call 08/15/24)(b)	EUR	100		87,820
VZ Secured Financing BV, 5.00%, 01/15/32 (Call 01/15/27)(a)	USD	100		85,624
WP/AP Telecom Holdings IV BV, 3.75%, 01/15/29 (Call 01/15/25)(b)	EUR	100		96,674
Ziggo Bond Co. BV
3.38%, 02/28/30 (Call 02/15/25)(b)	EUR	100		83,889
5.13%, 02/28/30 (Call 02/15/25)(a)	USD	25		20,662
Ziggo BV
2.88%, 01/15/30 (Call 10/15/24)(b)	EUR	100		88,869
4.88%, 01/15/30 (Call 10/15/24)(a)	USD	125		109,103
				1,553,637
Portugal — 0.6%
Banco Comercial Portugues SA
3.87%, 03/27/30 (Call 03/27/25)(b)(c)	EUR	100		88,209
8.50%, 10/25/25 (Call 10/25/24)(c)	EUR	100		112,838
EDP - Energias de Portugal SA
1.50%, 03/14/82 (Call 12/14/26)(b)(c)	EUR	100		91,246
1.88%, 08/02/81 (Call 05/02/26)(b)(c)	EUR	100		94,864
5.94%, 04/23/83 (Call 01/23/28)(b)(c)	EUR	100		108,468
				495,625
Spain — 2.1%
Abanca Corp. Bancaria SA, 4.63%, 04/07/30 (Call 04/07/25)(b)(c)	EUR	100		104,734
Banco de Credito Social Cooperativo SA, 1.75%, 03/09/28 (Call 03/09/27)(b)(c)	EUR	100		87,741
Banco de Sabadell SA
1.75%, 05/10/24(b)	EUR	100		105,484
2.63%, 03/24/26 (Call 03/24/25)(b)(c)	EUR	100		103,850
5.38%, 12/12/28 (Call 12/12/23)(b)(c)	EUR	100		108,339
Cellnex Finance Co. SA
0.75%, 11/15/26 (Call 08/15/26)(b)	EUR	100		95,230
1.00%, 09/15/27 (Call 06/15/27)(b)	EUR	100		92,908
2.00%, 09/15/32 (Call 06/15/32)(b)	EUR	100		85,367
2.00%, 02/15/33 (Call 11/15/32)(b)	EUR	100		84,501
Cellnex Telecom SA
1.75%, 10/23/30 (Call 07/23/30)(b)	EUR	100		87,902
2.88%, 04/18/25 (Call 01/18/25)(b)	EUR	100		106,264
Cirsa Finance International Sarl, 4.50%, 03/15/27 (Call 09/15/23)(b)	EUR	100		95,508
ContourGlobal Power Holdings SA, 2.75%, 01/01/26  (Call 03/02/23)(b)	EUR	100		99,212
Grifols Escrow Issuer SA, 3.88%, 10/15/28 (Call 10/15/24)(b)	EUR	125		114,856
Grifols SA, 1.63%, 02/15/25 (Call 02/15/23)(b)	EUR	100		102,003
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(b)(c)	EUR	100		98,443
Kaixo Bondco Telecom SA, 5.13%, 09/30/29 (Call 09/30/24)(b)	EUR	100		93,605
Lorca Telecom Bondco SA, 4.00%, 09/18/27 (Call 09/30/23)(b)	EUR	150		149,202
Unicaja Banco SA, 3.13%, 07/19/32 (Call 01/19/27)(b)(c)	EUR	100		91,336
				1,906,485

4

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
Sweden — 0.8%
Dometic Group AB, 2.00%, 09/29/28 (Call 06/29/28)(b)	EUR	100	$	82,906
Heimstaden AB, 4.25%, 03/09/26 (Call 12/09/25)(b)	EUR	100		76,146
Intrum AB
3.50%, 07/15/26 (Call 02/10/23)(b)	EUR	100		95,260
4.88%, 08/15/25 (Call 03/02/23)(b)	EUR	100		102,014
Verisure Holding AB
3.88%, 07/15/26 (Call 07/15/23)(b)	EUR	100		100,421
7.13%, 02/01/28	EUR	100		108,886
Verisure Midholding AB, 5.25%, 02/15/29 (Call 02/15/24)(b)	EUR	100		89,696
Volvo Car AB, 2.00%, 01/24/25 (Call 10/24/24)(b)	EUR	100		103,309
				758,638
Switzerland — 0.6%
Dufry One BV
2.50%, 10/15/24 (Call 03/02/23)(b)	EUR	100		106,178
3.38%, 04/15/28 (Call 04/15/24)(b)	EUR	100		93,988
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(b)	EUR	100		104,601
Transocean Inc., 7.50%, 01/15/26 (Call 01/15/24)(a)	USD	25		23,500
VistaJet Malta Finance PLC/XO Management Holding Inc.
6.38%, 02/01/30 (Call 02/01/25)(a)(d)	USD	70		61,775
7.88%, 05/01/27 (Call 04/26/24)(a)(d)	USD	25		24,250
Wizz Air Finance Co. BV, 1.00%, 01/19/26 (Call 11/19/25)(b)	EUR	100		93,303
				507,595
United Arab Emirates — 0.1%
Energean Israel Finance Ltd.
4.50%, 03/30/24 (Call 12/30/23)(a)(b)	USD	50		48,850
4.88%, 03/30/26 (Call 12/30/25)(a)(b)	USD	35		32,918
				81,768
United Kingdom — 5.8%
B&M European Value Retail SA, 3.63%, 07/15/25 (Call 03/02/23)(b)	GBP	100		117,232
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28  (Call 11/30/24)(b)	EUR	150		142,196
Bellis Acquisition Co. PLC, 3.25%, 02/16/26 (Call 03/02/23)(b)	GBP	175		177,654
British Telecommunications PLC
1.87%, 08/18/80 (Call 05/18/25)(b)(c)	EUR	100		98,337
4.25%, 11/23/81 (Call 11/23/26)(a)(c)	USD	25		22,152
4.88%, 11/23/81 (Call 08/23/31)(a)(c)	USD	45		37,125
Canary Wharf Group Investment Holdings PLC, 2.63%, 04/23/25	GBP	100		104,600
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 10/01/23)(a)	USD	150		143,437
Constellation Automotive Financing PLC, 4.88%, 07/15/27  (Call 07/15/23)(b)	GBP	100		87,340
Deuce Finco PLC, 5.50%, 06/15/27 (Call 06/15/23)(b)	GBP	100		104,185
eG Global Finance PLC
4.38%, 02/07/25 (Call 03/02/23)(b)	EUR	100		96,537
6.75%, 02/07/25 (Call 05/15/23)(a)	USD	100		92,631
Heathrow Finance PLC, 3.88%, 03/01/27(b)(i)	GBP	100		108,575
Iceland Bondco PLC, 4.63%, 03/15/25 (Call 02/10/23)	GBP	100		106,665
INEOS Quattro Finance 1 PLC, 3.75%, 07/15/26  (Call 03/02/23)(b)	EUR	100		96,433
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26 (Call 01/15/24)(b)	EUR	100		96,872
International Consolidated Airlines Group SA, 3.75%, 03/25/29 (Call 12/25/28)(b)	EUR	100		91,349

Security	Par (000)		Value
United Kingdom (continued)
Jaguar Land Rover Automotive PLC
4.50%, 01/15/26 (Call 10/15/25)(b)	EUR	100	$	100,053
5.88%, 01/15/28 (Call 01/15/24)(a)	USD	155		132,102
6.88%, 11/15/26 (Call 08/15/26)(b)	EUR	100		103,005
Jerrold Finco PLC, 4.88%, 01/15/26 (Call 03/02/23)(b)	GBP	100		107,957
Kane Bidco Ltd., 6.50%, 02/15/27 (Call 02/15/24)(b)	GBP	100		106,888
Market Bidco Finco PLC, 5.50%, 11/04/27 (Call 11/04/24)(b)	GBP	100		95,515
Motion Finco Sarl, 7.00%, 05/15/25 (Call 03/02/23)(b)	EUR	100		109,737
NGG Finance PLC
1.63%, 12/05/79 (Call 09/05/24)(b)(c)	EUR	100		102,274
5.63%, 06/18/73 (Call 06/18/25)(b)(c)	GBP	100		119,795
Ocado Group PLC, 3.88%, 10/08/26 (Call 10/08/23)(b)	GBP	100		96,390
Odeon Finco PLC, 12.75%, 11/01/27 (Call 11/01/24)(a)	USD	25		23,055
Pinewood Finance Co. Ltd., 3.25%, 09/30/25 (Call 03/02/23)(b)	GBP	100		114,292
Pinnacle Bidco PLC, 5.50%, 02/15/25 (Call 03/02/23)(b)	EUR	100		99,436
Playtech PLC, 4.25%, 03/07/26 (Call 03/02/23)(b)	EUR	100		104,051
Rolls-Royce PLC
1.63%, 05/09/28 (Call 02/09/28)(b)	EUR	100		87,773
3.38%, 06/18/26	GBP	100		110,410
4.63%, 02/16/26 (Call 11/16/25)(b)	EUR	100		106,205
5.75%, 10/15/27 (Call 07/15/27)(a)	USD	125		121,762
Sherwood Financing PLC, 4.50%, 11/15/26 (Call 11/15/23)(b)	EUR	100		91,928
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 03/02/23)(b)	GBP	100		114,280
Thames Water Utilities Finance PLC, 2.88%, 05/03/27(b)	GBP	100		107,989
Very Group Funding PLC (The), 6.50%, 08/01/26 (Call 08/01/23)(b)	GBP	100		94,236
Victoria PLC, 3.63%, 08/24/26 (Call 02/28/23)(b)	EUR	100		87,913
Virgin Media Finance PLC, 5.00%, 07/15/30 (Call 07/15/25)(a)(d)	USD	50		42,032
Virgin Media Secured Finance PLC
4.25%, 01/15/30 (Call 10/15/24)(b)	GBP	150		149,224
4.50%, 08/15/30 (Call 08/15/25)(a)	USD	75		64,688
5.50%, 05/15/29 (Call 05/15/24)(a)	USD	100		92,905
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 07/15/23)(b)	GBP	100		103,075
Vmed O2 UK Financing I PLC
3.25%, 01/31/31 (Call 01/31/26)(b)	EUR	150		132,517
4.25%, 01/31/31 (Call 01/31/26)(a)	USD	75		62,625
4.75%, 07/15/31 (Call 07/15/26)(a)	USD	100		85,433
Vodafone Group PLC
2.63%, 08/27/80 (Call 05/27/26)(b)(c)	EUR	100		98,258
3.00%, 08/27/80 (Call 05/27/30)(b)(c)	EUR	100		89,148
3.25%, 06/04/81 (Call 06/04/26)(c)	USD	40		34,983
4.13%, 06/04/81 (Call 04/04/31)(c)	USD	60		48,511
7.00%, 04/04/79 (Call 01/04/29)(c)	USD	120		123,150
				5,186,915
United States — 62.6%
Acrisure LLC/Acrisure Finance Inc.
4.25%, 02/15/29 (Call 02/15/24)(a)	USD	45		37,350
6.00%, 08/01/29 (Call 08/01/24)(a)	USD	35		28,875
7.00%, 11/15/25 (Call 03/03/23)(a)(d)	USD	65		61,925
10.13%, 08/01/26 (Call 08/01/23)(a)	USD	25		25,086
AdaptHealth LLC
4.63%, 08/01/29 (Call 02/01/24)(a)	USD	25		21,751
5.13%, 03/01/30 (Call 03/01/25)(a)	USD	60		53,475

5

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
United States (continued)
ADT Security Corp. (The), 4.13%, 08/01/29
(Call 08/01/28)(a)	USD	75	$	66,769
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27
(Call 09/30/24)(a)(d)	USD	40		41,271
Albertsons Companies Inc./Safeway Inc./New
Albertsons LP/Albertsons LLC
3.25%, 03/15/26 (Call 09/15/23)(a)	USD	45		41,569
3.50%, 03/15/29 (Call 09/15/23)(a)	USD	100		86,336
4.63%, 01/15/27 (Call 01/15/24)(a)	USD	95		90,208
4.88%, 02/15/30 (Call 02/15/25)(a)	USD	75		69,133
5.88%, 02/15/28 (Call 08/15/23)(a)	USD	50		48,875
7.50%, 03/15/26 (Call 03/15/23)(a)	USD	25		25,733
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
4.25%, 10/15/27 (Call 10/15/23)(a)	USD	65		59,475
5.88%, 11/01/29 (Call 11/01/24)(a)(d)	USD	30		26,138
6.75%, 10/15/27 (Call 10/15/23)(a)	USD	80		75,028
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.00%, 06/01/29 (Call 06/01/24)(a)(d)	USD	75		60,412
6.63%, 07/15/26 (Call 07/15/23)(a)	USD	120		115,584
9.75%, 07/15/27 (Call 07/15/23)(a)	USD	65		62,070
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 06/01/28
(Call 06/01/24)(a)	USD	125		107,623
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl, 3.63%, 06/01/28
(Call 06/01/24)(b)	EUR	100		90,285
Allison Transmission Inc.
3.75%, 01/30/31 (Call 01/30/26)(a)	USD	60		50,760
4.75%, 10/01/27 (Call 10/01/23)(a)	USD	25		23,748
5.88%, 06/01/29 (Call 06/01/24)(a)	USD	45		43,362
Ally Financial Inc., 5.75%, 11/20/25 (Call 10/20/25)(d)	USD	80		79,378
AMC Entertainment Holdings Inc., 7.50%, 02/15/29
(Call 02/15/25)(a)(d)	USD	55		32,299
AMC Networks Inc.
4.25%, 02/15/29 (Call 02/15/24)	USD	60		36,975
4.75%, 08/01/25 (Call 08/01/23)	USD	60		51,173
5.00%, 04/01/24 (Call 04/01/23)(d)	USD	16		15,420
American Airlines Group Inc., 3.75%, 03/01/25(a)(d)	USD	40		37,497
American Airlines Inc., 11.75%, 07/15/25(a)	USD	165		184,107
American Airlines Inc./AAdvantage Loyalty IP Ltd.
5.50%, 04/20/26(a)	USD	230		225,544
5.75%, 04/20/29(a)	USD	205		198,569
American Axle & Manufacturing Inc.
5.00%, 10/01/29 (Call 10/01/24)(d)	USD	35		28,875
6.50%, 04/01/27 (Call 04/01/23)(d)	USD	35		32,288
6.88%, 07/01/28 (Call 07/01/23)	USD	25		22,700
American Builders & Contractors Supply Co. Inc.
3.88%, 11/15/29 (Call 11/15/24)(a)	USD	25		21,313
4.00%, 01/15/28 (Call 01/15/24)(a)	USD	40		36,470
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)	USD	50		48,581
5.63%, 05/20/24 (Call 03/20/24)	USD	35		34,468
5.75%, 05/20/27 (Call 02/20/27)	USD	25		23,538
5.88%, 08/20/26 (Call 05/20/26)	USD	60		57,824
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 06/15/29 (Call 06/15/24)(a)	USD	45		41,800
5.75%, 03/01/27 (Call 03/01/23)(a)	USD	60		58,200

Security	Par (000)			Value
United States (continued)
5.75%, 01/15/28 (Call 01/15/24)(a)		USD	55	$	52,716
7.88%, 05/15/26 (Call 05/15/23)(a)		USD	25		25,656
Antero Resources Corp.
5.38%, 03/01/30 (Call 03/01/25)(a)		USD	60		55,939
7.63%, 02/01/29 (Call 02/01/24)(a)		USD	21		21,518
Apache Corp., 4.25%, 01/15/30 (Call 10/15/29)		USD	45		41,182
APX Group Inc.
5.75%, 07/15/29 (Call 07/15/24)(a)		USD	65		56,388
6.75%, 02/15/27 (Call 02/15/23)(a)		USD	30		29,400
Aramark Services Inc.
5.00%, 04/01/25 (Call 04/01/23)(a)		USD	45		44,333
5.00%, 02/01/28 (Call 02/01/23)(a)		USD	70		66,141
6.38%, 05/01/25 (Call 05/01/23)(a)(d)		USD	95		95,024
Arches Buyer Inc.
4.25%, 06/01/28 (Call 12/01/23)(a)		USD	55		46,191
6.13%, 12/01/28 (Call 12/01/23)(a)(d)		USD	50		41,875
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/28 (Call 04/01/23)(a)		USD	50		47,500
6.88%, 04/01/27 (Call 04/01/23)(a)(d)		USD	40		39,302
Arconic Corp.
6.00%, 05/15/25 (Call 05/15/23)(a)		USD	45		44,756
6.13%, 02/15/28 (Call 02/15/23)(a)(d)		USD	65		62,676
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
2.00%, 09/01/28 (Call 05/15/24)(b)		EUR	100		90,264
3.25%, 09/01/28 (Call 05/15/24)(a)		USD	75		65,775
4.00%, 09/01/29 (Call 05/15/24)(a)(d) USD			50		41,390
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.13%, 08/15/26 (Call 03/02/23)(b)		EUR	100		93,554
5.25%, 04/30/25 (Call 04/30/23)(a)		USD	50		48,976
5.25%, 08/15/27 (Call 08/15/23)(a)		USD	200		163,950
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 03/01/23)(d)		USD	25		22,721
4.63%, 11/15/29 (Call 11/15/24)(a)(d)		USD	60		53,025
4.75%, 03/01/30 (Call 03/01/25)		USD	25		21,934
5.00%, 02/15/32 (Call 11/15/26)(a)(d)		USD	35		30,013
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
5.88%, 06/30/29 (Call 09/01/24)(a)(d)		USD	15		13,235
7.00%, 11/01/26 (Call 11/01/23)(a)		USD	50		47,849
Ashton Woods USA LLC/Ashton Woods Finance Co.,
4.63%, 04/01/30 (Call 04/01/25)(a)		USD	30		24,982
ASP Unifrax Holdings Inc
5.25%, 09/30/28 (Call 09/30/24)(a)		USD	35		29,811
7.50%, 09/30/29 (Call 09/30/24)(a)(d)		USD	25		18,158
AssuredPartners Inc., 5.63%, 01/15/29 (Call 12/15/23)(a)		USD	50		42,750
Audacy Capital Corp.
6.50%, 05/01/27 (Call 05/01/23)(a)		USD	25		4,243
6.75%, 03/31/29 (Call 03/31/24)(a)		USD	25		4,072
Avantor Funding Inc.
2.63%, 11/01/25 (Call 02/10/23)(b)		EUR	100		104,171
3.88%, 11/01/29 (Call 11/01/24)(a)(d)		USD	60		53,193
4.63%, 07/15/28 (Call 07/15/23)(a)		USD	105		98,972
Avaya Inc., 6.13%, 09/15/28 (Call 09/15/23)(a)(d)		USD	60		18,336
Avient Corp.
5.75%, 05/15/25 (Call 05/15/23)(a)		USD	50		49,620
7.13%, 08/01/30 (Call 08/01/25)(a)(d)		USD	50		50,817
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
4.75%, 04/01/28 (Call 04/01/24)(a)		USD	25		22,028
5.38%, 03/01/29 (Call 03/01/24)(a)(d)		USD	40		35,821

6

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)			Value
United States (continued)
5.75%, 07/15/27 (Call 07/15/23)(a)(d)		USD	40	$	37,742
Avis Budget Finance PLC, 4.75%, 01/30/26
(Call 03/02/23)(b)		EUR	100		103,470
Axalta Coating Systems LLC, 3.38%, 02/15/29
(Call 02/15/24)(a)(d)		USD	75		64,500
B&G Foods Inc.
5.25%, 04/01/25 (Call 04/01/23)		USD	50		45,667
5.25%, 09/15/27 (Call 03/01/23)(d)		USD	55		44,481
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)(d)		USD	100		82,528
3.13%, 09/15/31 (Call 06/15/31)		USD	65		53,518
4.88%, 03/15/26 (Call 12/15/25)(d)		USD	45		44,145
5.25%, 07/01/25		USD	60		59,707
6.88%, 03/15/28 (Call 11/15/24)		USD	40		41,303
Bath & Body Works Inc.
5.25%, 02/01/28		USD	40		37,820
6.63%, 10/01/30 (Call 10/01/25)(a)(d)		USD	55		53,745
7.50%, 06/15/29 (Call 06/15/24)(d)		USD	40		40,600
Bausch Health Companies Inc., 6.25%, 02/15/29
(Call 02/15/24)(a)		USD	50		22,916
Bausch Health Cos. Inc.
4.88%, 06/01/28 (Call 06/01/24)(a)		USD	125		80,412
5.25%, 01/30/30 (Call 01/30/25)(a)		USD	75		33,221
5.50%, 11/01/25 (Call 03/03/23)(a)		USD	120		101,676
5.75%, 08/15/27 (Call 08/15/23)(a)		USD	50		33,750
11.00%, 09/30/28(a)		USD	254		197,503
Belden Inc., 3.88%, 03/15/28 (Call 03/15/23)(b)		EUR	150		149,730
Berry Global Inc., 5.63%, 07/15/27 (Call 07/15/23)(a)(d)		USD	30		29,533
Black Knight InfoServ LLC, 3.63%, 09/01/28
(Call 09/01/23)(a)(d)		USD	75		66,717
Block Inc.
2.75%, 06/01/26 (Call 05/01/26)		USD	75		68,265
3.50%, 06/01/31 (Call 03/01/31)(d)		USD	55		46,076
Boyd Gaming Corp.
4.75%, 12/01/27 (Call 12/01/23)(d)		USD	75		71,331
4.75%, 06/15/31 (Call 06/15/26)(a)		USD	65		58,489
Brand Industrial Services Inc., 8.50%, 07/15/25
(Call 07/15/23)(a)		USD	80		65,400
Brink’s Co. (The), 5.50%, 07/15/25 (Call 06/18/23)(a)		USD	65		64,033
Brookfield Property Finance ULC, 4.00%, 09/30/26
(Call 08/30/26)		CAD	125		86,709
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR
Nimbus LLC/GGSI Sellco LL, 4.50%, 04/01/27
(Call 10/01/23)(a)		USD	70		61,768
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)		USD	50		45,733
4.13%, 03/01/25 (Call 02/01/25)(a)		USD	25		23,809
4.13%, 12/01/27 (Call 09/01/27)		USD	35		31,663
4.50%, 03/01/28 (Call 12/01/27)(a)		USD	25		22,933
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)(a)		USD	90		77,576
5.00%, 03/01/30 (Call 03/01/25)(a)(d)		USD	25		23,337
6.38%, 06/15/32 (Call 06/15/27)(a)(d)		USD	55		53,809
Caesars Entertainment Inc.
4.63%, 10/15/29 (Call 10/15/24)(a)(d)		USD	90		77,055
6.25%, 07/01/25 (Call 07/01/23)(a)		USD	230		229,137
7.00%, 02/15/30 (Call 02/15/26)(a)		USD	20		20,375
8.13%, 07/01/27 (Call 07/01/23)(a)(d)		USD	110		111,650
Caesars Resort Collection LLC/CRC Finco Inc., 5.75%, 07/01/25 (Call 07/01/23)(a)(d)		USD	60		60,000

Security	Par (000)			Value
United States (continued)
Callon Petroleum Co.
7.50%, 06/15/30 (Call 06/15/25)(a)		USD	25	$	24,188
8.00%, 08/01/28 (Call 08/01/24)(a)		USD	50		49,973
Calpine Corp.
3.75%, 03/01/31 (Call 03/01/26)(a)		USD	75		62,680
4.50%, 02/15/28 (Call 02/15/23)(a)		USD	80		73,900
4.63%, 02/01/29 (Call 02/01/24)(a)		USD	40		34,822
5.00%, 02/01/31 (Call 02/01/26)(a)(d)		USD	65		55,702
5.13%, 03/15/28 (Call 03/15/23)(a)		USD	75		67,986
5.25%, 06/01/26 (Call 06/01/23)(a)		USD	22		21,313
Calumet Specialty Products Partners LP/Calumet Finance
Corp., 11.00%, 04/15/25 (Call 04/15/23)(a)		USD	45		47,380
Camelot Return Merger Sub Inc., 8.75%, 08/01/28
(Call 07/22/24)(a)		USD	35		32,909
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28
(Call 05/01/25)(a)		USD	125		135,000
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29)		EUR	100		54,800
Carvana Co.
4.88%, 09/01/29 (Call 09/01/24)(a)		USD	50		22,363
5.50%, 04/15/27 (Call 04/15/24)(a)(d)		USD	45		20,076
5.63%, 10/01/25 (Call 10/01/23)(a)(d)		USD	55		27,363
5.88%, 10/01/28 (Call 10/01/23)(a)		USD	50		21,750
10.25%, 05/01/30 (Call 05/01/27)(a)		USD	230		123,050
Catalent Pharma Solutions Inc.
2.38%, 03/01/28 (Call 03/01/23)(b)		EUR	100		90,009
3.13%, 02/15/29 (Call 02/15/24)(a)(d)		USD	50		41,477
3.50%, 04/01/30 (Call 04/01/25)(a)		USD	35		28,919
5.00%, 07/15/27 (Call 07/15/23)(a)		USD	25		23,750
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/31 (Call 07/01/25)(a)		USD	200		166,610
4.25%, 01/15/34 (Call 01/15/28)(a)		USD	135		105,469
4.50%, 08/15/30 (Call 02/15/25)(a)		USD	185		158,175
4.50%, 05/01/32 (Call 05/01/26)		USD	185		153,087
4.50%, 06/01/33 (Call 06/01/27)(a)		USD	105		85,432
4.75%, 03/01/30 (Call 09/01/24)(a)		USD	210		183,750
4.75%, 02/01/32 (Call 02/01/27)(a)		USD	95		80,750
5.00%, 02/01/28 (Call 08/01/23)(a)		USD	165		153,561
5.13%, 05/01/27 (Call 05/01/23)(a)(d)		USD	230		219,201
5.38%, 06/01/29 (Call 06/01/24)(a)		USD	100		92,500
5.50%, 05/01/26 (Call 05/01/23)(a)		USD	45		44,215
6.38%, 09/01/29 (Call 09/01/25)(a)		USD	100		96,500
7.38%, 03/01/31		USD	55		55,137
CDI Escrow Issuer Inc., 5.75%, 04/01/30
(Call 04/01/25)(a)(d)		USD	70		66,434
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)		USD	45		41,371
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 04/15/23)(d)		USD	35		33,863
5.50%, 05/01/25 (Call 05/01/23)(a)(d)		USD	50		49,654
Central Garden & Pet Co.
4.13%, 10/15/30 (Call 10/15/25)(d)		USD	25		21,258
4.13%, 04/30/31 (Call 04/30/26)(a)		USD	30		25,216
Century Communities Inc.
3.88%, 08/15/29 (Call 02/15/29)(a)		USD	50		42,011
6.75%, 06/01/27 (Call 06/01/23)		USD	25		24,657
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 03/15/24)(a)(d)		USD	25		22,278
4.00%, 03/15/31 (Call 03/15/26)(a)(d)		USD	40		35,350
4.25%, 05/01/28 (Call 05/01/23)(a)		USD	40		37,062

7

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
United States (continued)
Chart Industries Inc.
7.50%, 01/01/30 (Call 01/01/26)(a)	USD	90	$	91,974
9.50%, 01/01/31	USD	40		41,821
Chemours Co. (The)
4.63%, 11/15/29 (Call 11/15/24)(a)	USD	55		45,970
5.38%, 05/15/27 (Call 02/15/27)	USD	40		37,115
5.75%, 11/15/28 (Call 11/15/23)(a)	USD	35		31,894
Chesapeake Energy Corp.
5.50%, 02/01/26 (Call 02/05/23)(a)	USD	30		29,136
5.88%, 02/01/29 (Call 02/05/24)(a)	USD	47		45,002
6.75%, 04/15/29 (Call 04/15/24)(a)	USD	50		49,250
CHS/Community Health Systems Inc.
4.75%, 02/15/31 (Call 02/15/26)(a)	USD	70		53,788
5.25%, 05/15/30 (Call 05/15/25)(a)	USD	90		72,623
5.63%, 03/15/27 (Call 12/15/23)(a)	USD	130		115,076
6.00%, 01/15/29 (Call 01/15/24)(a)	USD	70		61,493
6.13%, 04/01/30 (Call 04/01/25)(a)(d)	USD	90		54,919
6.88%, 04/01/28 (Call 04/01/23)(a)(d)	USD	35		21,263
6.88%, 04/15/29 (Call 04/15/24)(a)(d)	USD	120		75,900
8.00%, 03/15/26 (Call 03/15/23)(a)(d)	USD	135		131,262
8.00%, 12/15/27 (Call 12/15/23)(a)(d)	USD	49		46,411
Churchill Downs Inc.
4.75%, 01/15/28 (Call 01/15/24)(a)	USD	40		37,447
5.50%, 04/01/27 (Call 04/01/23)(a)	USD	55		53,502
Cinemark USA Inc.
5.25%, 07/15/28 (Call 07/15/24)(a)(d)	USD	50		41,000
5.88%, 03/15/26 (Call 03/15/23)(a)	USD	35		31,465
Citgo Holding Inc., 9.25%, 08/01/24 (Call 08/01/23)(a)	USD	75		75,541
CITGO Petroleum Corp.
6.38%, 06/15/26 (Call 06/15/23)(a)(d)	USD	55		53,960
7.00%, 06/15/25 (Call 06/15/23)(a) USD		85		84,379
Clarios Global LP, 6.75%, 05/15/25 (Call 05/15/23)(a)	USD	32		32,140
Clarios Global LP/Clarios US Finance Co.
4.38%, 05/15/26 (Call 03/02/23)(b) EUR		100		103,593
6.25%, 05/15/26 (Call 05/15/23)(a)(d)	USD	50		49,762
8.50%, 05/15/27 (Call 05/15/23)(a)(d)	USD	145		145,011
Clarivate Science Holdings Corp.
3.88%, 07/01/28 (Call 06/30/24)(a)(d)	USD	60		53,475
4.88%, 07/01/29 (Call 06/30/24)(a)(d)	USD	60		52,943
Clean Harbors Inc., 6.38%, 02/01/31 (Call 02/01/26)(a)	USD	10		10,187
Clear Channel Outdoor Holdings Inc.
5.13%, 08/15/27 (Call 08/15/23)(a)(d)	USD	80		73,017
7.50%, 06/01/29 (Call 06/01/24)(a)(d)	USD	75		60,689
7.75%, 04/15/28 (Call 04/15/24)(a)(d)	USD	65		55,209
Clearway Energy Operating LLC
3.75%, 02/15/31 (Call 02/15/26)(a)(d)	USD	70		59,137
4.75%, 03/15/28 (Call 03/15/23)(a)(d)	USD	60		56,592
Cleveland-Cliffs Inc.
5.88%, 06/01/27 (Call 06/01/23)(d)	USD	50		49,165
6.75%, 03/15/26 (Call 03/15/23)(a)	USD	55		55,894
Clydesdale Acquisition Holdings Inc.
6.63%, 04/15/29 (Call 04/15/25)(a)(d)	USD	30		29,575
8.75%, 04/15/30 (Call 04/15/25)(a)	USD	70		61,980
CNX Resources Corp.
6.00%, 01/15/29 (Call 01/15/24)(a)	USD	30		27,738
7.38%, 01/15/31 (Call 01/15/26)(a)	USD	45		43,728
Coinbase Global Inc.
3.38%, 10/01/28 (Call 10/01/24)(a)	USD	55		35,475
3.63%, 10/01/31 (Call 10/01/26)(a)	USD	80		46,600

Security	Par (000)			Value
United States (continued)
Colgate Energy Partners III LLC, 5.88%, 07/01/29
(Call 07/01/24)(a)	USD	60	$	56,427
CommScope Inc.
4.75%, 09/01/29 (Call 09/01/24)(a)(d)	USD	90		74,868
6.00%, 03/01/26 (Call 03/01/23)(a)	USD	90		86,287
7.13%, 07/01/28 (Call 07/01/23)(a)(d)	USD	50		39,306
8.25%, 03/01/27 (Call 03/01/23)(a)(d)	USD	75		63,791
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/23)(a)(d)	USD	40		30,554
6.00%, 06/15/25 (Call 06/15/23)(a)	USD	81		76,709
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29 (Call 04/15/24)(a)	USD	75		67,500
Comstock Resources Inc.
5.88%, 01/15/30 (Call 01/15/25)(a)	USD	75		65,351
6.75%, 03/01/29 (Call 03/01/24)(a)(d)	USD	80		73,401
Condor Merger Sub Inc., 7.38%, 02/15/30
(Call 02/15/25)(a)(d)	USD	125		102,806
Consolidated Communications Inc.
5.00%, 10/01/28 (Call 10/01/23)(a)	USD	35		26,646
6.50%, 10/01/28 (Call 10/01/23)(a)	USD	35		28,616
Constellium SE
3.13%, 07/15/29 (Call 07/15/24)(b)	EUR	100		89,645
3.75%, 04/15/29 (Call 04/15/24)(a)(d)	USD	25		21,373
Cornerstone Building Brands Inc., 6.13%, 01/15/29
(Call 09/15/23)(a)	USD	25		18,636
Coty Inc.
3.88%, 04/15/26 (Call 04/15/23)(b)	EUR	100		102,032
5.00%, 04/15/26 (Call 04/15/23)(a)	USD	70		67,079
6.50%, 04/15/26 (Call 04/15/23)(a)	USD	25		24,645
Coty Inc./HFC Prestige Products Inc./HFC Prestige
International U.S. LLC, 4.75%, 01/15/29
(Call 01/15/25)(a)	USD	25		22,684
Covanta Holding Corp.
4.88%, 12/01/29 (Call 12/01/24)(a)	USD	40		34,600
5.00%, 09/01/30 (Call 09/01/25)	USD	45		38,462
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31 (Call 06/15/26)(a)	USD	100		91,217
Crescent Energy Finance LLC, 9.25%, 02/15/28	USD	5		4,980
Crestwood Midstream Partners LP/Crestwood Midstream
Finance Corp.
5.63%, 05/01/27 (Call 05/01/23)(a)(d)	USD	50		47,862
5.75%, 04/01/25 (Call 04/01/23)	USD	30		29,595
6.00%, 02/01/29 (Call 02/01/24)(a)	USD	45		42,690
7.38%, 02/01/31(d)	USD	40		40,250
8.00%, 04/01/29 (Call 04/01/24)(a)	USD	35		35,689
Crown Americas LLC, 5.25%, 04/01/30 (Call 01/01/30)(d)	USD	45		43,207
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)	USD	25		23,947
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 02/01/23)	USD	50		48,806
Crown European Holdings SA, 2.88%, 02/01/26 (Call 08/01/25)(b)	EUR	100		103,785
CrownRock LP/CrownRock Finance Inc.
5.00%, 05/01/29 (Call 05/01/24)(a)	USD	35		32,332
5.63%, 10/15/25 (Call 10/15/23)(a)	USD	75		73,461
CSC Holdings LLC
4.13%, 12/01/30 (Call 12/01/25)(a)	USD	75		55,202
4.50%, 11/15/31 (Call 11/15/26)(a)	USD	100		73,530
4.63%, 12/01/30 (Call 12/01/25)(a)	USD	100		59,043
5.00%, 11/15/31 (Call 11/15/26)(a)	USD	60		35,550

8

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
United States (continued)
5.25%, 06/01/24(d)	USD	50	$	48,812
5.38%, 02/01/28 (Call 02/01/23)(a)	USD	75		63,031
5.50%, 04/15/27 (Call 04/15/23)(a)	USD	100		88,070
5.75%, 01/15/30 (Call 01/15/25)(a)	USD	200		126,000
6.50%, 02/01/29 (Call 02/01/24)(a)	USD	100		86,765
7.50%, 04/01/28 (Call 04/01/23)(a)(d)	USD	100		73,375
Curo Group Holdings Corp., 7.50%, 08/01/28
(Call 08/01/24)(a)	USD	75		34,639
CVR Energy Inc.
5.25%, 02/15/25 (Call 02/15/23)(a)(d)	USD	20		19,300
5.75%, 02/15/28 (Call 02/15/23)(a)	USD	20		18,300
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25
(Call 04/15/23)(a)	USD	40		39,743
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)	USD	15		12,741
5.38%, 11/15/27 (Call 11/15/23)	USD	40		38,155
5.63%, 06/15/28 (Call 06/15/23)	USD	20		18,941
Darling Ingredients Inc.
5.25%, 04/15/27 (Call 04/15/23)(a)	USD	25		24,381
6.00%, 06/15/30 (Call 06/15/25)(a)	USD	75		74,631
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	105		82,092
4.63%, 06/01/30 (Call 06/01/25)(a)(d)	USD	165		139,012
Delta Air Lines Inc.
2.90%, 10/28/24 (Call 09/28/24)	USD	70		66,859
3.75%, 10/28/29 (Call 07/28/29)(d)	USD	35		30,972
4.38%, 04/19/28 (Call 01/19/28)(d)	USD	40		37,325
7.38%, 01/15/26 (Call 12/15/25)(d)	USD	55		57,624
Diamond Sports Group LLC/Diamond Sports Finance Co.
5.38%, 08/15/26 (Call 08/15/23)(a)	USD	205		15,119
6.63%, 08/15/27 (Call 08/15/23)(a)	USD	125		2,250
Diebold Nixdorf Inc.
8.50%, 10/15/26(d)	USD	26		13,265
9.38%, 07/15/25 (Call 02/16/23)(a)(d)	USD	56		36,890
Directv Financing LLC/Directv Financing Co-Obligor Inc.,
5.88%, 08/15/27 (Call 08/15/23)(a)	USD	250		226,662
DISH DBS Corp.
5.25%, 12/01/26 (Call 06/01/26)(a)	USD	185		159,331
5.75%, 12/01/28 (Call 12/01/27)(a)	USD	175		143,814
5.88%, 11/15/24	USD	125		118,030
7.38%, 07/01/28 (Call 07/01/23)	USD	80		57,780
7.75%, 07/01/26	USD	150		122,446
5.13%, 06/01/29	USD	90		57,150
DISH Network Corp., 11.75%, 11/15/27 (Call 05/15/25)(a)	USD	213		220,721
Diversified Healthcare Trust
4.38%, 03/01/31 (Call 09/01/30)(d)	USD	40		27,260
4.75%, 02/15/28 (Call 08/15/27)	USD	25		15,236
9.75%, 06/15/25 (Call 06/15/23)	USD	30		29,428
DPL Inc.
4.13%, 07/01/25 (Call 04/01/25)	USD	20		19,061
4.35%, 04/15/29 (Call 01/15/29)	USD	40		36,683
DT Midstream Inc.
4.13%, 06/15/29 (Call 06/15/24)(a)	USD	75		66,262
4.38%, 06/15/31 (Call 06/15/26)(a)	USD	65		56,714
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 04/01/24)(a)	USD	30		26,257
5.50%, 06/01/28 (Call 06/01/23)(a)	USD	55		51,969
Encompass Health Corp.
4.50%, 02/01/28 (Call 02/01/23)	USD	55		51,340
4.63%, 04/01/31 (Call 03/30/26)	USD	15		13,264

Security	Par (000)		Value
United States (continued)
4.75%, 02/01/30 (Call 02/01/25)	USD	55	$	50,416
Endeavor Energy Resources LP/EER Finance Inc.,
5.75%, 01/30/28 (Call 01/30/24)(a)	USD	75		73,989
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 09/30/23)(a)	USD	40		34,704
4.75%, 06/15/28 (Call 07/01/23)(a)	USD	50		44,636
EnLink Midstream LLC
5.38%, 06/01/29 (Call 03/01/29)	USD	25		24,026
5.63%, 01/15/28 (Call 07/15/27)(a)	USD	50		48,875
6.50%, 09/01/30 (Call 03/01/30)(a)(d)	USD	45		45,830
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)	USD	28		27,006
4.85%, 07/15/26 (Call 04/15/26)	USD	40		39,065
Enstar Finance LLC, 5.50%, 01/15/42 (Call 01/15/27)(c)	USD	25		20,727
Entegris Escrow Corp., 5.95%, 06/15/30
(Call 06/15/25)(a)(d)	USD	50		48,054
Entegris Inc.
3.63%, 05/01/29 (Call 05/01/24)(a)(d)	USD	35		30,036
4.38%, 04/15/28 (Call 04/15/23)(a)	USD	25		22,616
EQM Midstream Partners LP
4.13%, 12/01/26 (Call 09/01/26)	USD	35		31,918
4.50%, 01/15/29 (Call 07/15/28)(a)(d)	USD	55		48,136
4.75%, 01/15/31 (Call 07/15/30)(a)	USD	75		63,656
5.50%, 07/15/28 (Call 04/15/28)	USD	50		46,125
6.00%, 07/01/25 (Call 04/01/25)(a)	USD	35		34,458
6.50%, 07/01/27 (Call 01/01/27)(a)	USD	50		48,687
7.50%, CALL, 06/01/27 (Call 06/01/24)(a)	USD	35		35,136
7.50%, CALL, 06/01/30 (Call 12/01/29)(a)(d)	USD	40		39,950
Exela Intermediate LLC/Exela Finance Inc., 11.50%, 07/15/26 (Call 03/03/23)(a)	USD	75		9,188
Fair Isaac Corp.
4.00%, 06/15/28 (Call 12/15/23)(a)	USD	75		69,639
5.25%, 05/15/26 (Call 02/15/26)(a)(d)	USD	25		24,819
Ferrellgas LP/Ferrellgas Finance Corp.
5.38%, 04/01/26 (Call 04/01/23)(a)	USD	40		36,800
5.88%, 04/01/29 (Call 04/01/24)(a)	USD	60		50,100
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc.
4.63%, 01/15/29 (Call 01/15/25)(a)(d)	USD	50		44,128
6.75%, 01/15/30 (Call 01/15/25)(a)	USD	90		74,700
FirstCash Inc.
4.63%, 09/01/28 (Call 09/01/23)(a)	USD	50		44,861
5.63%, 01/01/30 (Call 01/01/25)(a)	USD	35		32,185
FirstEnergy Corp.
2.65%, 03/01/30 (Call 12/01/29)	USD	45		38,487
Series B, 2.25%, 09/01/30 (Call 06/01/30)	USD	35		28,842
Series B, 4.15%, 07/15/27 (Call 04/15/27)	USD	95		90,822
Ford Credit Canada Co, 2.96%, 09/16/26 (Call 08/16/26)	CAD	75		50,090
Ford Credit Canada Co., 4.46%, 11/13/24	CAD	50		36,458
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)	USD	260		206,472
4.35%, 12/08/26 (Call 09/08/26)(d)	USD	25		24,293
6.10%, 08/19/32 (Call 05/19/32)(d)	USD	150		147,187
Ford Motor Credit Co. LLC
1.74%, 07/19/24	EUR	100		104,350
2.30%, 02/10/25 (Call 01/10/25)	USD	25		23,234
2.33%, 11/25/25	EUR	100		101,787
2.90%, 02/10/29 (Call 12/10/28)	USD	50		41,870
3.25%, 09/15/25	EUR	100		104,634
3.38%, 11/13/25 (Call 10/13/25)	USD	200		186,250

9

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security	Par (000)		Value
United States (continued)
3.63%, 06/17/31 (Call 03/17/31)	USD	25	$	20,842
3.82%, 11/02/27 (Call 08/02/27)	USD	110		99,275
4.00%, 11/13/30 (Call 08/13/30)	USD	125		109,142
4.06%, 11/01/24 (Call 10/01/24)	USD	225		218,014
4.13%, 08/04/25	USD	25		23,906
4.54%, 03/06/25	GBP	100		118,850
4.69%, 06/09/25 (Call 04/09/25)	USD	25		24,281
5.11%, 05/03/29 (Call 02/03/29)(d)	USD	225		213,301
5.13%, 06/16/25 (Call 05/16/25)(d)	USD	365		358,651
5.58%, 03/18/24 (Call 02/18/24)	USD	50		49,765
6.95%, 03/06/26 USD		100		102,275
7.35%, 11/04/27 (Call 10/04/27)	USD	100		104,875
Fortress Transportation and Infrastructure Investors LLC
5.50%, 05/01/28 (Call 05/01/24)(a)	USD	60		53,174
6.50%, 10/01/25 (Call 10/01/23)(a)	USD	46		44,528
9.75%, 08/01/27 (Call 08/01/23)(a)	USD	25		25,744
Freedom Mortgage Corp.
6.63%, 01/15/27 (Call 01/15/24)(a)	USD	35		29,050
7.63%, 05/01/26 (Call 05/01/23)(a)	USD	45		39,565
8.13%, 11/15/24 (Call 03/03/23)(a)	USD	20		19,351
8.25%, 04/15/25 (Call 04/15/23)(a)(d)	USD	45		43,045
Frontier Communications Holdings LLC
5.00%, 05/01/28 (Call 05/01/24)(a)	USD	90		81,972
5.88%, 10/15/27 (Call 10/15/23)(a)	USD	85		81,318
5.88%, 11/01/29 (Call 11/01/24)	USD	50		40,813
6.00%, 01/15/30 (Call 10/15/24)(a)	USD	80		65,500
6.75%, 05/01/29 (Call 05/01/24)(a)(d)	USD	60		51,450
8.75%, 05/15/30 (Call 05/15/25)(a)	USD	75		77,702
FXI Holdings Inc.
7.88%, 11/01/24 (Call 03/03/23)(a)(d)	USD	29		26,249
12.25%, 11/15/26 (Call 11/15/23)(a)(d)	USD	59		53,395
Gap Inc. (The)
3.63%, 10/01/29 (Call 10/01/24)(a)	USD	50		38,351
3.88%, 10/01/31 (Call 10/01/26)(a)(d)	USD	50		37,338
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)(a)	USD	40		35,920
3.75%, 10/01/30 (Call 10/01/25)(a)	USD	55		48,744
4.50%, 07/01/28 (Call 07/01/23)(a)(d)	USD	50		47,517
Gen Digital Inc., 5.00%, 04/15/25 (Call 02/13/23)(a)	USD	65		64,003
Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25 (Call 10/01/23)(d)	USD	45		44,212
7.75%, 02/01/28 (Call 02/01/23)(d)	USD	55		53,415
8.00%, 01/15/27 (Call 01/15/24)	USD	55		54,457
8.88%, 04/15/30 (Call 04/15/26)	USD	10		10,150
Global Atlantic Fin Co., 4.70%, 10/15/51
(Call 07/15/26)(a)(c)	USD	60		51,843
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 03/01/24)(a)	USD	50		43,241
5.25%, 12/01/27 (Call 06/01/23)(a)(d)	USD	45		43,439
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)(d)	USD	40		37,434
5.00%, 05/31/26 (Call 05/31/23)(d)	USD	65		62,887
5.00%, 07/15/29 (Call 04/15/29)(d)	USD	70		61,421
5.25%, 04/30/31 (Call 01/30/31)(d)	USD	35		30,246
5.25%, 07/15/31 (Call 04/15/31)	USD	20		16,967
5.63%, 04/30/33 (Call 01/30/33)(d)	USD	35		29,925
9.50%, 05/31/25 (Call 05/31/23)	USD	70		72,460
Grand Canyon University
4.13%, 10/01/24	USD	25		23,825
5.13%, 10/01/28 (Call 08/01/28)	USD	40		37,945

Security	Par (000)		Value
United States (continued)
Graphic Packaging International LLC
3.50%, 03/15/28(a)	USD	35	$	31,456
3.75%, 02/01/30 (Call 08/01/29)(a)	USD	20		17,455
Gray Escrow II Inc., 5.38%, 11/15/31 (Call 11/15/26)(a)(d)	USD	95		73,060
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)(a)	USD	50		37,288
5.88%, 07/15/26 (Call 07/15/23)(a)	USD	50		46,012
7.00%, 05/15/27 (Call 05/15/23)(a)(d)	USD	40		36,486
Griffon Corp., 5.75%, 03/01/28 (Call 03/01/23)	USD	65		61,425
GTCR AP Finance Inc., 8.00%, 05/15/27
(Call 05/15/23)(a)	USD	25		24,563
H&E Equipment Services Inc., 3.88%, 12/15/28
(Call 12/15/23)(a)	USD	75		66,181
Hanesbrands Inc.
4.63%, 05/15/24 (Call 02/15/24)(a)	USD	65		64,358
4.88%, 05/15/26 (Call 02/15/26)(a)(d)	USD	65		60,740
HAT Holdings I LLC/HAT Holdings II LLC, 3.38%, 06/15/26
(Call 03/15/26)(a)	USD	95		84,279
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles
Loyalty Ltd., 5.75%, 01/20/26 (Call 01/20/24)(a)	USD	75		71,719
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%,
09/01/25 (Call 03/03/23)(a)	USD	30		28,270
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/15/23)(a)	USD	75		71,719
Hertz Corp. (The)
4.63%, 12/01/26 (Call 12/01/23)(a)(d)	USD	25		22,292
5.00%, 12/01/29 (Call 12/01/24)(a)	USD	80		65,400
Hess Midstream Operations LP
4.25%, 02/15/30 (Call 02/15/25)(a)(d)	USD	45		39,446
5.13%, 06/15/28 (Call 06/15/23)(a)	USD	45		42,601
5.50%, 10/15/30 (Call 10/15/25)(a)	USD	35		32,550
5.63%, 02/15/26 (Call 02/15/23)(a)	USD	50		49,506
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD	45		41,892
6.00%, 04/15/30 (Call 04/15/25)(a)	USD	45		42,056
6.00%, 02/01/31 (Call 02/01/26)(a)	USD	45		41,452
6.25%, 11/01/28 (Call 11/01/23)(a)	USD	25		24,042
6.25%, 04/15/32 (Call 04/15/27)(a)	USD	25		23,091
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)(a)	USD	115		96,312
3.75%, 05/01/29 (Call 05/01/24)(a)(d)	USD	50		44,579
4.00%, 05/01/31 (Call 05/01/26)(a)	USD	75		65,316
4.88%, 01/15/30 (Call 01/15/25)	USD	80		75,545
5.38%, 05/01/25 (Call 05/01/23)(a)	USD	10		9,969
5.75%, 05/01/28 (Call 05/01/23)(a)	USD	25		24,816
Hilton Grand Vacations Borrower Escrow LLC/Hilton
Grand Vacations Borrower Esc
4.88%, 07/01/31 (Call 07/01/26)(a)	USD	30		26,015
5.00%, 06/01/29 (Call 06/01/24)(a)(d)	USD	70		62,604
Hilton Worldwide Finance LLC/Hilton Worldwide Finance
Corp., 4.88%, 04/01/27 (Call 04/01/23)	USD	35		33,953
HLF Financing Sarl LLC/Herbalife International Inc.,
4.88%, 06/01/29 (Call 06/01/24)(a)	USD	45		32,952
Hologic Inc.
3.25%, 02/15/29 (Call 09/28/23)(a)	USD	75		66,094
4.63%, 02/01/28 (Call 02/01/23)(a)	USD	25		23,910
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 02/01/24)(a)(d)	USD	40		34,558
4.38%, 02/01/31 (Call 02/01/26)(a)	USD	40		33,378
5.38%, 08/01/28 (Call 08/01/23)(a)	USD	50		46,375

10

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)(d)	USD		50	$	43,625
5.13%, 10/01/24 (Call 07/01/24)	USD		80		79,424
6.88%, 05/01/25 (Call 04/01/25)	USD		30		30,728
Hub International Ltd.
5.63%, 12/01/29 (Call 12/01/24)(a)	USD		40		35,918
7.00%, 05/01/26 (Call 05/01/23)(a)	USD		100		99,740
Hughes Satellite Systems Corp.
5.25%, 08/01/26	USD		45		43,616
6.63%, 08/01/26	USD		65		62,733
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%, 02/01/29 (Call 08/01/28)	USD		60		52,214
4.75%, 09/15/24 (Call 06/15/24)	USD		75		73,228
5.25%, 05/15/27 (Call 11/15/26)	USD		92		85,797
6.25%, 05/15/26 (Call 05/15/23)	USD		105		103,446
6.38%, 12/15/25 (Call 03/03/23)	USD		45		44,600
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 01/15/24)(a)(d)	USD		25		21,494
5.25%, 08/15/27 (Call 08/15/23)(a)	USD		45		40,361
6.38%, 05/01/26 (Call 05/01/23)	USD		50		47,818
8.38%, 05/01/27 (Call 05/01/23)(d)	USD		95		85,262
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/15/24)(a)(d)	USD		125		108,750
Intelsat Jackson Holdings SA, 6.50%, 03/15/30 (Call 03/15/25)(a)	USD		200		181,162
International Game Technology PLC
3.50%, 06/15/26 (Call 03/02/23)(b)	EUR		150		153,890
4.13%, 04/15/26 (Call 04/15/23)(a)	USD		65		61,832
6.25%, 01/15/27 (Call 07/15/26)(a)	USD		85		85,321
6.50%, 02/15/25 (Call 08/15/24)(a)	USD		40		40,419
IQVIA Inc.
2.88%, 09/15/25 (Call 02/10/23)(b)	EUR		100		105,356
2.88%, 06/15/28 (Call 06/15/23)(b)	EUR		100		96,458
5.00%, 05/15/27 (Call 05/15/23)(a)(d)	USD		150		146,018
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)(a)	USD		60		51,304
4.88%, 09/15/27 (Call 09/15/23)(a)	USD		75		70,757
4.88%, 09/15/29 (Call 09/15/24)(a)	USD		60		53,937
5.00%, 07/15/28 (Call 07/15/23)(a)	USD		30		27,637
5.25%, 03/15/28 (Call 12/27/23)(a)	USD		55		52,299
5.25%, 07/15/30 (Call 07/15/25)(a)(d)	USD		100		90,500
5.63%, 07/15/32 (Call 07/15/26)(a)	USD		35		31,538
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)(a)(d)	USD		55		47,870
Iron Mountain UK PLC, 3.88%, 11/15/25 (Call 02/10/23)(b)	GBP		100		114,605
iStar Inc.
4.25%, 08/01/25 (Call 05/01/25)	USD		20		19,850
4.75%, 10/01/24 (Call 07/01/24)	USD		65		64,675
ITT Holdings LLC, 6.50%, 08/01/29 (Call 08/01/24)(a)	USD		65		56,550
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)(a)	USD		105		95,919
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(a)	USD		75		64,056
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 03/03/23)(a)	USD		25		22,125
4.88%, 12/15/27 (Call 12/15/23)(a)	USD		25		20,331
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)(a)	USD		35		29,625
4.63%, 03/01/28 (Call 03/01/23)(a)(d)	USD		25		22,719
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 03/01/24)	USD		30		25,200
4.75%, 02/01/30 (Call 09/01/24)	USD		50		40,972

Security		Par (000	)		Value
United States (continued)
5.00%, 03/01/31 (Call 03/01/26)(d)	USD	36		$	29,361
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 06/01/23)(a)(d)	USD	50			48,754
Kinetik Holdings LP, 5.88%, 06/15/30 (Call 06/15/25)(a)	USD	80			76,183
Kohl’s Corp., 3.63%, 05/01/31 (Call 02/01/31)	USD	25			18,559
LABL Inc.
5.88%, 11/01/28 (Call 11/01/24)(a)	USD	45			40,657
6.75%, 07/15/26 (Call 07/15/23)(a)	USD	40			38,667
8.25%, 11/01/29 (Call 11/01/24)(a)	USD	45			37,744
10.50%, 07/15/27 (Call 07/15/23)(a)(d)	USD	35			33,337
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 02/01/23)(a)	USD	35			30,844
4.75%, 06/15/29 (Call 06/15/24)(a)	USD	45			37,499
5.25%, 10/01/25 (Call 02/16/23)(a)	USD	4			3,853
Lamar Media Corp.
3.63%, 01/15/31 (Call 01/15/26)	USD	30			25,519
3.75%, 02/15/28 (Call 02/15/23)(d)	USD	25			22,774
4.00%, 02/15/30 (Call 02/15/25)	USD	35			31,150
4.88%, 01/15/29 (Call 01/15/24)(d)	USD	50			47,367
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)(a)	USD	75			67,594
4.38%, 01/31/32 (Call 01/31/27)(a)	USD	50			44,758
4.88%, 05/15/28 (Call 11/15/27)(a)	USD	35			33,852
Laredo Petroleum Inc., 9.50%, 01/15/25 (Call 01/15/24)	USD	25			25,228
Las Vegas Sands Corp.
2.90%, 06/25/25 (Call 05/25/25)	USD	25			23,436
3.20%, 08/08/24 (Call 07/08/24)	USD	125			120,091
3.50%, 08/18/26 (Call 06/18/26)	USD	75			69,940
3.90%, 08/08/29 (Call 05/08/29)	USD	50			44,601
LBM Acquisition LLC, 6.25%, 01/15/29 (Call 01/15/24)(a)	USD	50			38,000
LCM Investments Holdings II LLC, 4.88%, 05/01/29  (Call 05/01/24)(a)	USD	65			53,396
LCPR Senior Secured Financing DAC
5.13%, 07/15/29 (Call 07/15/24)(a)	USD	50			44,000
6.75%, 10/15/27 (Call 10/15/23)(a)	USD	65			63,329
LD Holdings Group LLC
6.13%, 04/01/28 (Call 04/01/24)(a)	USD	40			26,150
6.50%, 11/01/25 (Call 11/01/23)(a)	USD	25			19,094
Legacy LifePoint Health LLC
4.38%, 02/15/27 (Call 03/03/23)(a)	USD	35			30,625
6.75%, 04/15/25 (Call 04/15/23)(a)	USD	35			34,125
Level 3 Financing Inc.
3.63%, 01/15/29 (Call 01/15/24)(a)	USD	65			48,571
3.75%, 07/15/29 (Call 01/15/24)(a)(d)	USD	65			47,639
3.88%, 11/15/29 (Call 08/15/29)(a)	USD	50			40,625
4.25%, 07/01/28 (Call 07/01/23)(a)	USD	75			59,437
4.63%, 09/15/27 (Call 09/15/23)(a)	USD	50			42,288
Liberty Mutual Group Inc., 4.13%, 12/15/51 (Call 12/15/26)(a)(c)	USD	75			64,125
Life Time Inc.
5.75%, 01/15/26 (Call 01/15/24)(a)	USD	68			66,028
8.00%, 04/15/26 (Call 02/01/23)(a)(d)	USD	20			19,438
Lifepoint Health Inc., 5.38%, 01/15/29 (Call 01/15/24)(a)	USD	45			30,252
Lithia Motors Inc.
3.88%, 06/01/29 (Call 06/01/24)(a)	USD	85			72,250
4.38%, 01/15/31 (Call 10/15/25)(a)	USD	40			34,057
Live Nation Entertainment Inc.
3.75%, 01/15/28 (Call 01/15/24)(a)	USD	50			44,737
4.75%, 10/15/27 (Call 10/15/23)(a)(d)	USD	75			69,375

11

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
6.50%, 05/15/27 (Call 05/15/23)(a)	USD		85	$	85,484
LPL Holdings Inc.
4.00%, 03/15/29 (Call 03/15/24)(a)	USD		60		53,700
4.38%, 05/15/31 (Call 05/15/26)(a)	USD		35		30,653
4.63%, 11/15/27 (Call 11/15/23)(a)(d)	USD		25		23,784
Lumen Technologies Inc.
4.00%, 02/15/27 (Call 02/15/23)(a)	USD		90		75,700
4.50%, 01/15/29 (Call 01/15/24)(a)	USD		85		57,162
5.13%, 12/15/26 (Call 12/15/23)(a)(d)	USD		40		34,200
5.38%, 06/15/29 (Call 06/15/24)(a)(d)	USD		30		20,910
Macy’s Retail Holdings LLC
5.88%, 04/01/29 (Call 04/01/24)(a)(d)	USD		35		32,566
5.88%, 03/15/30 (Call 03/15/25)(a)(d)	USD		35		32,007
6.13%, 03/15/32 (Call 03/15/27)(a)(d)	USD		25		22,430
Madison IAQ LLC
4.13%, 06/30/28 (Call 06/30/24)(a)	USD		50		44,157
5.88%, 06/30/29 (Call 06/30/24)(a)	USD		80		64,200
Mallinckrodt International Finance SA/Mallinckrodt CB LLC
10.00%, 04/15/25 (Call 04/15/23)(a)	USD		25		22,037
11.50%, 12/15/28 (Call 06/15/27)(a)	USD		50		44,367
Match Group Holdings II LLC
3.63%, 10/01/31 (Call 10/01/26)(a)	USD		35		28,088
4.13%, 08/01/30 (Call 05/01/25)(a)	USD		50		42,894
4.63%, 06/01/28 (Call 06/01/23)(a)	USD		35		32,144
5.00%, 12/15/27 (Call 12/15/23)(a)(d)	USD		25		23,916
Mattel Inc.
3.38%, 04/01/26 (Call 04/01/23)(a)	USD		40		37,465
3.75%, 04/01/29 (Call 04/01/24)(a)	USD		40		35,936
5.88%, 12/15/27 (Call 12/15/23)(a)	USD		35		34,933
Mauser Packaging Solutions Holding Co.
5.50%, 04/15/24 (Call 02/24/23)(a)	USD		110		109,818
7.25%, 04/15/25 (Call 03/03/23)(a)	USD		85		82,981
7.88%, 08/15/26	USD		100		100,750
McGraw-Hill Education Inc.
5.75%, 08/01/28 (Call 08/01/24)(a)	USD		50		44,004
8.00%, 08/01/29 (Call 08/01/24)(a)	USD		60		51,450
Mercer International Inc., 5.13%, 02/01/29 (Call 02/01/24)	USD		60		51,312
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)(a)	USD		40		35,432
6.00%, 06/01/25 (Call 03/01/25)(d)	USD		25		25,135
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)	USD		22		20,733
4.75%, 10/15/28 (Call 07/15/28)(d)	USD		40		36,284
5.50%, 04/15/27 (Call 01/15/27)	USD		51		49,217
5.75%, 06/15/25 (Call 03/15/25)	USD		55		54,351
6.75%, 05/01/25 (Call 05/01/23)(d)	USD		60		60,435
Michaels Companies Inc. (The)
5.25%, 05/01/28 (Call 11/01/23)(a)	USD		40		33,359
7.88%, 05/01/29 (Call 04/01/24)(a)(d)	USD		90		68,400
Midcap Financial Issuer Trust, 6.50%, 05/01/28 (Call 05/01/24)(a)	USD		95		83,600
Minerva Merger Sub Inc., 6.50%, 02/15/30 (Call 02/15/25)(a)(d)	USD		155		128,968
ModivCare Escrow Issuer Inc., 5.00%, 10/01/29 (Call 10/01/24)(a)	USD		35		30,395
ModivCare Inc., 5.88%, 11/15/25 (Call 11/15/23)(a)	USD		25		24,197
Mohegan Gaming & Entertainment, 8.00%, 02/01/26 (Call 02/01/23)(a)(d)	USD		100		94,750

Security		Par (000)		Value
United States (continued)
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)(a)(d)	USD		40	$	34,450
3.88%, 05/15/32 (Call 02/15/32)(a)	USD		60		50,280
4.38%, 06/15/28 (Call 06/15/23)(a)	USD		55		50,954
Moss Creek Resources Holdings Inc.
7.50%, 01/15/26 (Call 01/15/24)(a)(d)	USD		35		32,319
10.50%, 05/15/27 (Call 05/15/23)(a)	USD		40		38,905
Mozart Debt Merger Sub Inc.
3.88%, 04/01/29 (Call 10/01/24)(a)	USD		305		260,863
5.25%, 10/01/29 (Call 10/01/24)(a)(d)	USD		165		139,295
MPH Acquisition Holdings LLC
5.50%, 09/01/28 (Call 09/01/24)(a)	USD		75		62,531
5.75%, 11/01/28 (Call 11/01/23)(a)(d)	USD		90		65,906
MPT Operating Partnership LP/MPT Finance Corp.
3.33%, 03/24/25 (Call 12/24/24)	EUR		100		94,916
3.38%, 04/24/30 (Call 01/24/30)	GBP		125		100,993
3.50%, 03/15/31 (Call 03/15/26)	USD		85		60,256
4.63%, 08/01/29 (Call 08/01/24)(d)	USD		65		50,537
5.00%, 10/15/27 (Call 09/07/23)(d)	USD		100		84,656
5.25%, 08/01/26 (Call 08/01/23)(d)	USD		15		13,667
MSCI Inc.
3.25%, 08/15/33 (Call 08/15/27)(a)(d)	USD		55		45,100
3.63%, 09/01/30 (Call 03/01/25)(a)	USD		60		52,430
3.63%, 11/01/31 (Call 11/01/26)(a)	USD		25		21,442
3.88%, 02/15/31 (Call 06/01/25)(a)	USD		75		66,176
4.00%, 11/15/29 (Call 11/15/24)(a)(d)	USD		50		45,614
Murphy Oil Corp.
5.88%, 12/01/27 (Call 12/01/23)	USD		30		29,473
6.38%, 07/15/28 (Call 07/15/24)(d)	USD		50		49,541
Murphy Oil USA Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD		35		29,347
4.75%, 09/15/29 (Call 09/15/24)	USD		25		22,924
Nabors Industries Inc.
5.75%, 02/01/25 (Call 11/01/24)(d)	USD		35		34,057
7.38%, 05/15/27 (Call 05/15/24)(a)	USD		40		39,963
Nabors Industries Ltd., 7.25%, 01/15/26 (Call 07/15/23)(a)	USD		50		48,426
Nationstar Mortgage Holdings Inc.
5.13%, 12/15/30 (Call 12/15/25)(a)	USD		55		44,550
5.50%, 08/15/28 (Call 08/15/23)(a)	USD		50		43,686
5.75%, 11/15/31 (Call 11/15/26)(a)	USD		50		40,443
6.00%, 01/15/27 (Call 01/15/24)(a)	USD		40		37,157
Navient Corp.
4.88%, 03/15/28 (Call 06/15/27)	USD		45		39,830
5.00%, 03/15/27 (Call 09/15/26)	USD		35		32,025
5.50%, 03/15/29 (Call 06/15/28)(d)	USD		40		35,400
5.88%, 10/25/24(d)	USD		25		24,726
6.13%, 03/25/24	USD		60		59,869
6.75%, 06/25/25	USD		25		24,932
6.75%, 06/15/26	USD		40		39,512
NCL Corp. Ltd.
3.63%, 12/15/24 (Call 12/15/23)(a)	USD		50		46,937
5.88%, 03/15/26 (Call 12/15/25)(a)	USD		80		69,000
5.88%, 02/15/27 (Call 02/15/24)(a)	USD		60		55,800
7.75%, 02/15/29 (Call 11/15/28)(a)	USD		45		38,588
8.38%, 02/01/28 (Call 02/01/25)(a)	USD		15		15,256
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(a)	USD		40		32,790
NCR Corp.
5.00%, 10/01/28 (Call 08/20/23)(a)	USD		45		39,639
5.13%, 04/15/29 (Call 04/15/24)(a)	USD		85		74,060
5.25%, 10/01/30 (Call 10/01/25)(a)	USD		30		26,051

12

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
5.75%, 09/01/27 (Call 09/01/23)(a)	USD		40	$	39,028
6.13%, 09/01/29 (Call 09/01/24)(a)(d)	USD		35		34,627
Neptune Bidco U.S. Inc., 9.29%, 04/15/29 (Call 10/15/25)(a)	USD		145		141,194
New Fortress Energy Inc.
6.50%, 09/30/26 (Call 03/31/23)(a)	USD		100		92,673
6.75%, 09/15/25 (Call 09/15/23)(a)	USD		75		71,932
Newell Brands Inc.
4.45%, 04/01/26 (Call 01/01/26)	USD		135		127,733
4.88%, 06/01/25 (Call 05/01/25)	USD		50		48,875
6.38%, 09/15/27 (Call 06/15/27)	USD		25		25,031
6.63%, 09/15/29 (Call 06/15/29)(d)	USD		25		25,344
News Corp.
3.88%, 05/15/29 (Call 05/15/24)(a)	USD		60		53,621
5.13%, 02/15/32 (Call 02/15/27)(a)	USD		35		32,953
Nexstar Media Inc.
4.75%, 11/01/28 (Call 11/01/23)(a)(d)	USD		70		63,076
5.63%, 07/15/27 (Call 07/15/23)(a)	USD		125		119,500
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)(a)	USD		40		37,243
4.25%, 07/15/24 (Call 04/15/24)(a)(d)	USD		40		39,174
4.50%, 09/15/27 (Call 06/15/27)(a)	USD		50		47,062
NFP Corp.
4.88%, 08/15/28 (Call 08/15/23)(a)	USD		35		30,612
6.88%, 08/15/28 (Call 08/15/23)(a)	USD		145		125,640
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26 (Call 02/01/23)(a)	USD		145		137,025
NMG Holding Co. Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26 (Call 04/01/23)(a)	USD		85		81,513
Nordstrom Inc.
4.25%, 08/01/31 (Call 05/01/31)(d)	USD		40		29,950
4.38%, 04/01/30 (Call 01/01/30)	USD		30		24,113
NortonLifeLock Inc.
6.75%, 09/30/27 (Call 09/30/24)(a)(d)	USD		75		76,054
7.13%, 09/30/30 (Call 09/30/25)(a)	USD		45		45,688
Novelis Corp.
3.25%, 11/15/26 (Call 11/15/23)(a)	USD		45		40,767
3.88%, 08/15/31 (Call 08/15/26)(a)	USD		60		50,596
4.75%, 01/30/30 (Call 01/30/25)(a)	USD		95		86,877
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29 (Call 04/15/24)(b)	EUR		100		94,369
NRG Energy Inc.
3.38%, 02/15/29 (Call 02/15/24)(a)	USD		35		29,062
3.63%, 02/15/31 (Call 02/15/26)(a)	USD		70		55,562
3.88%, 02/15/32 (Call 02/15/27)(a)	USD		85		66,342
5.25%, 06/15/29 (Call 06/15/24)(a)	USD		40		36,101
5.75%, 01/15/28 (Call 01/15/24)	USD		55		52,387
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)	USD		50		48,104
5.75%, 10/01/25 (Call 07/01/25)(d)	USD		30		29,685
6.00%, 06/01/26 (Call 03/01/26)	USD		40		39,212
6.38%, 10/01/30 (Call 04/01/30)	USD		40		38,550
Occidental Petroleum Corp.
5.50%, 12/01/25 (Call 09/01/25)	USD		60		60,404
5.55%, 03/15/26 (Call 12/15/25)	USD		70		70,606
5.88%, 09/01/25 (Call 06/01/25)	USD		55		55,736
6.13%, 01/01/31 (Call 07/01/30)(d)	USD		110		115,087
6.38%, 09/01/28 (Call 03/01/28)	USD		40		41,569
6.63%, 09/01/30 (Call 03/01/30)	USD		110		116,909
7.50%, 05/01/31	USD		70		77,875

Security		Par (000)		Value
United States (continued)
8.50%, 07/15/27 (Call 01/15/27)	USD		40	$	44,250
8.88%, 07/15/30 (Call 01/15/30)	USD		70		82,459
Office Properties Income Trust
3.45%, 10/15/31 (Call 07/15/31)	USD		25		17,372
4.50%, 02/01/25 (Call 11/01/24)	USD		50		46,525
OI European Group BV
3.13%, 11/15/24 (Call 08/15/24)(b)	EUR		100		105,585
4.75%, 02/15/30 (Call 11/15/24)(a)	USD		30		26,933
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)	USD		40		37,790
5.13%, 09/15/27 (Call 03/15/23)(d)	USD		40		38,802
5.63%, 08/01/29 (Call 08/01/24)(d)	USD		35		34,226
Olympus Water U.S. Holding Corp.
3.88%, 10/01/28 (Call 10/01/24)(b)	EUR		100		93,004
4.25%, 10/01/28 (Call 10/01/24)(a)(d)	USD		125		104,687
OneMain Finance Corp.
3.50%, 01/15/27 (Call 01/15/24)	USD		40		34,818
3.88%, 09/15/28 (Call 09/15/24)	USD		50		42,200
4.00%, 09/15/30 (Call 09/15/25)	USD		65		51,937
5.38%, 11/15/29 (Call 05/15/29)	USD		35		30,708
6.13%, 03/15/24 (Call 09/15/23)	USD		80		79,378
6.63%, 01/15/28 (Call 07/15/27)	USD		60		58,456
6.88%, 03/15/25	USD		95		94,702
7.13%, 03/15/26	USD		100		99,825
Organon & Co./Organon Foreign Debt Co.-Issuer BV
4.13%, 04/30/28 (Call 04/30/24)(a)(d)	USD		150		135,896
5.13%, 04/30/31 (Call 04/30/26)(a)(d)	USD		125		113,069
2.88%, 04/30/28 (Call 04/30/24)(b)	EUR		150		142,113
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.25%, 01/15/29 (Call 01/15/24)(a)	USD		35		30,188
4.63%, 03/15/30 (Call 03/15/25)(a)	USD		50		42,946
5.00%, 08/15/27 (Call 08/15/23)(a)(d)	USD		30		27,709
6.25%, 06/15/25 (Call 06/15/23)(a)(d)	USD		30		30,090
Owens & Minor Inc.
4.50%, 03/31/29 (Call 03/31/24)(a)(d)	USD		25		20,375
6.63%, 04/01/30 (Call 04/01/25)(a)	USD		40		35,376
Owens-Brockway Glass Container Inc., 6.63%, 05/13/27 (Call 05/15/23)(a)	USD		35		34,685
Pactiv Evergreen Group Issuer Inc./Pactiv Evergreen Group Issuer LLC/Reynolds Gro, 4.00%, 10/15/27 (Call 10/15/23)(a)	USD		65		58,341
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc., 4.38%, 10/15/28 (Call 10/15/24)(a)(d)	USD		40		35,522
Paramount Global
6.25%, 02/28/57 (Call 02/28/27)(c)	USD		30		26,099
6.38%, 03/30/62 (Call 03/30/27)(c)(d)	USD		85		74,269
Park Intermediate Holdings LLC/PK Domestic
Property LLC/PK Finance Co-Issuer
4.88%, 05/15/29 (Call 05/15/24)(a)	USD		60		52,166
5.88%, 10/01/28 (Call 10/01/23)(a)	USD		55		50,895
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28 (Call 02/15/23)(d)	USD		60		56,570
7.25%, 06/15/25 (Call 06/15/23)	USD		50		49,832
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 02/15/24)(a)	USD		40		32,723
5.38%, 10/15/25 (Call 10/15/23)(a)	USD		50		46,573
5.75%, 09/15/31 (Call 09/15/26)(a)	USD		45		37,870
Penske Automotive Group Inc.
3.50%, 09/01/25 (Call 09/01/23)(d)	USD		55		51,936
3.75%, 06/15/29 (Call 06/15/24)	USD		25		21,296

13

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Performance Food Group Inc.
4.25%, 08/01/29 (Call 08/01/24)(a)(d)	USD		85	$	75,841
5.50%, 10/15/27 (Call 10/15/23)(a)(d)	USD		60		57,904
Perrigo Finance Unlimited Co.
3.90%, 12/15/24 (Call 09/15/24)	USD		65		62,906
4.38%, 03/15/26 (Call 12/15/25)	USD		40		37,777
4.40%, 06/15/30 (Call 03/15/30)	USD		50		43,938
PetSmart Inc./PetSmart Finance Corp.
4.75%, 02/15/28 (Call 02/15/24)(a)	USD		75		69,608
7.75%, 02/15/29 (Call 02/15/24)(a)	USD		75		74,082
PG&E Corp.
5.00%, 07/01/28 (Call 07/01/23)(d)	USD		60		56,298
5.25%, 07/01/30 (Call 06/15/25)(d)	USD		80		73,730
Photo Holdings Merger Sub Inc., 8.50%, 10/01/26 (Call 10/01/23)(a)	USD		50		25,493
Picard Midco Inc., 6.50%, 03/31/29 (Call 09/30/25)(a)(d)	USD		280		245,875
Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 06/15/23)(a)	USD		45		45,180
Pilgrim’s Pride Corp.
3.50%, 03/01/32 (Call 09/01/26)(a)	USD		50		40,688
4.25%, 04/15/31 (Call 04/15/26)(a)(d)	USD		65		56,244
5.88%, 09/30/27 (Call 09/30/23)(a)	USD		55		54,630
Post Holdings Inc.
4.50%, 09/15/31 (Call 09/15/26)(a)(d)	USD		80		69,000
4.63%, 04/15/30 (Call 04/15/25)(a)	USD		105		92,787
5.50%, 12/15/29 (Call 12/15/24)(a)	USD		95		88,290
5.63%, 01/15/28 (Call 12/01/23)(a)	USD		55		53,186
5.75%, 03/01/27 (Call 03/01/23)(a)	USD		40		39,410
PRA Group Inc., 8.38%, 02/01/28	USD		15		15,097
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.
5.63%, 09/01/29 (Call 09/01/24)(a)(d)	USD		40		28,650
5.88%, 09/01/31 (Call 09/01/26)(a)	USD		60		41,850
Presidio Holdings Inc.
4.88%, 02/01/27 (Call 02/01/23)(a)	USD		25		23,296
8.25%, 02/01/28 (Call 02/01/23)(a)(d)	USD		55		52,869
Prestige Brands Inc.
3.75%, 04/01/31 (Call 04/01/26)(a)	USD		35		29,719
5.13%, 01/15/28 (Call 01/15/24)(a)	USD		25		23,916
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)(a)	USD		70		62,470
5.25%, 04/15/24(a)	USD		40		39,612
5.75%, 04/15/26(a)	USD		85		83,567
6.25%, 01/15/28 (Call 01/15/24)(a)(d)	USD		95		90,098
PTC Inc.
3.63%, 02/15/25 (Call 02/15/23)(a)	USD		40		38,375
4.00%, 02/15/28 (Call 02/15/23)(a)	USD		40		37,205
QVC Inc.
4.38%, 09/01/28 (Call 06/01/28)	USD		40		25,814
4.45%, 02/15/25 (Call 11/15/24)	USD		50		42,480
4.75%, 02/15/27 (Call 11/15/26)	USD		20		15,161
4.85%, 04/01/24(d)	USD		50		47,852
Rackspace Technology Global Inc.
3.50%, 02/15/28 (Call 02/15/24)(a)	USD		20		12,124
5.38%, 12/01/28 (Call 12/01/23)(a)	USD		45		16,580
Radiate Holdco LLC/Radiate Finance Inc.
4.50%, 09/15/26 (Call 09/15/23)(a)	USD		65		49,562
6.50%, 09/15/28 (Call 09/15/23)(a)	USD		55		28,654
Radiology Partners Inc., 9.25%, 02/01/28 (Call 02/01/23)(a)(d)	USD		50		30,250

Security		Par (000)		Value
United States (continued)
Range Resources Corp.
4.75%, 02/15/30 (Call 02/15/25)(a)	USD		35	$	31,487
4.88%, 05/15/25 (Call 02/15/25)	USD		45		43,644
8.25%, 01/15/29 (Call 01/15/24)	USD		55		56,613
Realogy Group LLC/Realogy Co-Issuer Corp.
5.25%, 04/15/30 (Call 04/15/25)(a)	USD		80		60,000
5.75%, 01/15/29 (Call 01/15/24)(a)	USD		55		42,768
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 12/01/23)(a)(d)	USD		80		70,200
RHP Hotel Properties LP/RHP Finance Corp.
4.50%, 02/15/29 (Call 02/15/24)(a)(d)	USD		50		44,736
4.75%, 10/15/27 (Call 10/15/23)	USD		40		37,533
Rite Aid Corp.
7.50%, 07/01/25 (Call 07/01/23)(a)	USD		59		38,925
8.00%, 11/15/26 (Call 01/15/24)(a)	USD		54		30,105
RLJ Lodging Trust LP, 4.00%, 09/15/29 (Call 09/15/24)(a)	USD		55		46,185
ROBLOX Corp., 3.88%, 05/01/30 (Call 11/01/24)(a)	USD		65		54,977
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc.
2.88%, 10/15/26 (Call 10/15/23)(a)	USD		85		75,896
3.63%, 03/01/29 (Call 03/09/23)(a)(d)	USD		45		37,969
3.88%, 03/01/31 (Call 03/01/26)(a)	USD		80		65,513
4.00%, 10/15/33 (Call 10/15/27)(a)(d)	USD		55		43,617
Rockies Express Pipeline LLC, 4.95%, 07/15/29  (Call 04/15/29)(a)	USD		40		36,202
RP Escrow Issuer LLC, 5.25%, 12/15/25 (Call 12/15/23)(a)	USD		70		57,312
Sabre GLBL Inc.
7.38%, 09/01/25 (Call 03/03/23)(a)	USD		50		49,276
9.25%, 04/15/25 (Call 03/16/25)(a)	USD		65		66,651
11.25%, 12/15/27 (Call 06/15/25)(a)	USD		35		37,012
SBA Communications Corp.
3.13%, 02/01/29 (Call 02/01/24)	USD		90		76,134
3.88%, 02/15/27 (Call 02/15/23)	USD		95		87,678
Scientific Games International Inc.
7.00%, 05/15/28 (Call 05/15/23)(a)	USD		45		44,561
7.25%, 11/15/29 (Call 11/15/24)(a)	USD		50		50,097
8.63%, 07/01/25 (Call 07/01/23)(a)	USD		35		35,863
SCIH Salt Holdings Inc.
4.88%, 05/01/28 (Call 05/01/24)(a)	USD		75		66,019
6.63%, 05/01/29 (Call 05/01/24)(a)	USD		50		42,546
Scotts Miracle-Gro Co. (The)
4.00%, 04/01/31 (Call 04/01/26)	USD		20		16,148
4.38%, 02/01/32 (Call 08/01/26)	USD		40		32,650
4.50%, 10/15/29 (Call 10/15/24)(d)	USD		35		30,376
Scripps Escrow II Inc.
3.88%, 01/15/29 (Call 01/15/24)(a)	USD		20		16,758
5.38%, 01/15/31 (Call 01/15/26)(a)(d)	USD		40		32,280
Scripps Escrow Inc., 5.88%, 07/15/27 (Call 07/15/23)(a)	USD		25		22,313
Seagate HDD Cayman
4.09%, 06/01/29 (Call 03/01/29)	USD		35		30,958
4.88%, 03/01/24 (Call 01/01/24)	USD		60		59,472
4.88%, 06/01/27 (Call 03/01/27)	USD		35		33,950
9.63%, 12/01/32	USD		52		59,674
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)(a)	USD		30		27,675
5.00%, 04/15/29 (Call 04/15/25)(a)(d)	USD		30		28,710
5.13%, 12/01/24 (Call 09/01/24)(a)	USD		30		29,870
5.50%, 09/15/25 (Call 06/15/25)(a)(d)	USD		25		24,781
6.13%, 02/01/28 (Call 02/01/24)(a)	USD		45		45,401
Select Medical Corp., 6.25%, 08/15/26 (Call 08/15/23)(a)	USD		80		78,134

14

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Sensata Technologies BV
4.00%, 04/15/29 (Call 03/18/24)(a)	USD		60	$	53,850
5.88%, 09/01/30 (Call 09/01/25)(a)	USD		25		24,572
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)(d)	USD		55		46,809
4.38%, 02/15/30 (Call 11/15/29)(a)	USD		20		18,050
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)	USD		50		42,349
4.00%, 05/15/31 (Call 05/15/26)	USD		45		39,409
4.63%, 12/15/27 (Call 12/15/23)	USD		35		33,433
5.13%, 06/01/29 (Call 06/01/24)	USD		65		62,550
Service Properties Trust
3.95%, 01/15/28 (Call 07/15/27)	USD		20		15,261
4.35%, 10/01/24 (Call 09/01/24)	USD		60		56,739
4.38%, 02/15/30 (Call 08/15/29)	USD		35		25,491
4.75%, 10/01/26 (Call 08/01/26)	USD		20		16,468
4.95%, 02/15/27 (Call 08/15/26)	USD		25		20,534
4.95%, 10/01/29 (Call 07/01/29)	USD		35		26,339
5.50%, 12/15/27 (Call 09/15/27)	USD		40		35,464
7.50%, 09/15/25 (Call 06/15/25)	USD		40		38,600
Silgan Holdings Inc.
3.25%, 03/15/25 (Call 03/02/23)	EUR		100		106,088
4.13%, 02/01/28 (Call 10/01/23)(d)	USD		35		32,725
Sinclair Television Group Inc.
4.13%, 12/01/30 (Call 12/01/25)(a)	USD		55		43,725
5.50%, 03/01/30 (Call 12/01/24)(a)(d)	USD		40		31,900
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 09/01/23)(a)	USD		55		49,572
3.88%, 09/01/31 (Call 09/01/26)(a)	USD		105		86,506
4.00%, 07/15/28 (Call 07/15/24)(a)	USD		125		111,259
4.13%, 07/01/30 (Call 07/01/25)(a)(d)	USD		120		102,756
5.00%, 08/01/27 (Call 08/01/23)(a)	USD		90		85,193
5.50%, 07/01/29 (Call 07/01/24)(a)	USD		80		74,950
Six Flags Entertainment Corp.
4.88%, 07/31/24 (Call 03/03/23)(a)	USD		60		58,725
5.50%, 04/15/27 (Call 04/15/23)(a)(d)	USD		40		37,718
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)	USD		40		35,328
4.20%, 10/29/25 (Call 09/29/25)	USD		25		23,404
SM Energy Co.
6.50%, 07/15/28 (Call 07/15/24)(d)	USD		55		52,612
6.63%, 01/15/27 (Call 01/15/24)(d)	USD		25		24,352
SoftBank Group Corp., 4.00%, 09/19/29 (Call 06/21/29)(b)	EUR		125		113,129
Sonic Automotive Inc.
4.63%, 11/15/29 (Call 11/15/24)(a)(d)	USD		40		33,246
4.88%, 11/15/31 (Call 11/15/26)(a)	USD		42		33,474
Sotheby’s, 7.38%, 10/15/27 (Call 10/15/23)(a)	USD		50		48,254
Southwestern Energy Co.
4.75%, 02/01/32 (Call 02/01/27)	USD		90		79,278
5.38%, 02/01/29 (Call 02/01/24)(d)	USD		50		47,220
5.38%, 03/15/30 (Call 03/15/25)	USD		65		60,531
7.75%, 10/01/27 (Call 10/01/23)	USD		15		15,643
Spectrum Brands Inc.
3.88%, 03/15/31 (Call 03/15/26)(a)(d)	USD		30		24,187
5.75%, 07/15/25 (Call 07/15/23)(d)	USD		41		40,656
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)(d)	USD		40		33,991
7.50%, 04/15/25 (Call 04/15/23)(a)	USD		75		75,122
9.38%, 11/30/29 (Call 11/30/25)(a)	USD		70		75,978

Security		Par (000)		Value
United States (continued)
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25 (Call 09/20/23)(a)	USD		45	$	46,042
Sprint LLC
7.13%, 06/15/24	USD		165		168,506
7.63%, 02/15/25 (Call 11/15/24)	USD		100		103,805
7.63%, 03/01/26 (Call 11/01/25)	USD		115		121,797
SRM Escrow Issuer LLC, 6.00%, 11/01/28 (Call 11/01/23)(a)	USD		85		77,539
SRS Distribution Inc.
4.63%, 07/01/28 (Call 07/01/24)(a)	USD		55		50,594
6.00%, 12/01/29 (Call 12/01/24)(a)	USD		60		51,278
6.13%, 07/01/29 (Call 07/01/24)(a)	USD		25		21,498
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 03/30/23)(a)	USD		125		120,225
Stagwell Global LLC, 5.63%, 08/15/29 (Call 08/15/24)(a)	USD		75		65,719
Standard Industries Inc./NJ
2.25%, 11/21/26 (Call 08/21/26)(b)	EUR		100		94,129
3.38%, 01/15/31 (Call 07/15/25)(a)	USD		70		55,797
4.38%, 07/15/30 (Call 07/15/25)(a)(d)	USD		100		85,720
4.75%, 01/15/28 (Call 01/15/24)(a)	USD		75		70,286
5.00%, 02/15/27 (Call 02/15/23)(a)	USD		60		57,147
Staples Inc.
7.50%, 04/15/26 (Call 04/15/23)(a)	USD		125		111,083
10.75%, 04/15/27 (Call 04/15/23)(a)(d)	USD		75		56,775
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)(a)	USD		40		35,900
3.75%, 12/31/24 (Call 09/30/24)(a)	USD		30		28,453
4.38%, 01/15/27 (Call 07/15/26)(a)	USD		50		45,022
Station Casinos LLC
4.50%, 02/15/28 (Call 02/15/23)(a)	USD		60		54,015
4.63%, 12/01/31 (Call 06/01/31)(a)	USD		30		25,287
Stericycle Inc., 3.88%, 01/15/29 (Call 11/15/23)(a)	USD		60		53,122
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 (Call 06/01/26)(a)	USD		50		43,688
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 (Call 07/15/23)(a)	USD		40		37,560
Summit Midstream Holdings LLC/Summit Midstream  Finance Corp., 8.50%, 10/15/26 (Call 10/15/23)(a)	USD		50		48,687
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29 (Call 05/15/24)	USD		50		45,248
4.50%, 04/30/30 (Call 04/30/25)	USD		58		51,646
5.88%, 03/15/28 (Call 03/15/23)	USD		25		24,445
6.00%, 04/15/27 (Call 04/15/23)	USD		25		25,019
Synchrony Financial, 7.25%, 02/02/33	USD		25		24,949
Tallgrass Energy Partners LP/Tallgrass Energy  Finance Corp.
5.50%, 01/15/28 (Call 01/15/24)(a)	USD		45		41,486
6.00%, 03/01/27 (Call 03/01/23)(a)	USD		30		28,557
6.00%, 12/31/30 (Call 12/31/25)(a)	USD		40		36,431
6.00%, 09/01/31 (Call 09/01/26)(a)	USD		45		40,675
7.50%, 10/01/25 (Call 10/01/23)(a)	USD		25		25,368
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(a)	USD		35		32,008
5.75%, 01/15/28 (Call 10/15/27)(a)	USD		30		29,072
5.88%, 06/15/27 (Call 03/15/27)(a)	USD		40		39,315
TEGNA Inc.
4.63%, 03/15/28 (Call 03/15/23)	USD		75		70,477
4.75%, 03/15/26 (Call 03/15/23)(a)	USD		30		29,175
5.00%, 09/15/29 (Call 09/15/24)	USD		70		65,975
Teleflex Inc., 4.25%, 06/01/28 (Call 06/01/23)(a)	USD		80		73,920

15

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
Tempur Sealy International Inc., 3.88%, 10/15/31 (Call 10/15/26)(a)	USD		115	$	94,895
Tenet Healthcare Corp.
4.25%, 06/01/29	USD		100		88,937
4.38%, 01/15/30 (Call 12/01/24)	USD		100		89,011
4.63%, 07/15/24 (Call 03/03/23)	USD		47		46,354
4.63%, 09/01/24	USD		25		24,601
4.63%, 06/15/28(d)	USD		40		37,150
4.88%, 01/01/26 (Call 03/01/23)	USD		140		136,356
5.13%, 11/01/27(d)	USD		110		105,875
6.13%, 10/01/28 (Call 10/01/23)(d)	USD		150		140,262
6.13%, 06/15/30 (Call 06/15/25)(a)	USD		135		131,287
6.25%, 02/01/27	USD		110		107,525
TerraForm Power Operating LLC
4.75%, 01/15/30 (Call 01/15/25)(a)	USD		60		54,000
5.00%, 01/31/28 (Call 07/31/27)(a)	USD		50		47,003
Terrier Media Buyer Inc., 8.88%, 12/15/27 (Call 12/15/23)(a)	USD		80		62,400
TI Automotive Finance PLC, 3.75%, 04/15/29 (Call 04/15/24)(b)	EUR		100		83,402
TKC Holdings Inc.
6.88%, 05/15/28 (Call 05/15/24)(a)	USD		25		20,445
10.50%, 05/15/29 (Call 05/15/24)(a)(d)	USD		40		24,309
TransDigm Inc.
4.63%, 01/15/29 (Call 01/15/24)	USD		65		58,744
4.88%, 05/01/29 (Call 05/01/24)	USD		60		54,314
5.50%, 11/15/27 (Call 11/15/23)	USD		185		176,675
6.25%, 03/15/26 (Call 03/15/23)(a)	USD		280		279,580
6.38%, 06/15/26 (Call 06/15/23)	USD		65		64,090
7.50%, 03/15/27 (Call 03/15/23)	USD		25		25,181
8.00%, 12/15/25 (Call 04/08/23)(a)	USD		80		81,650
TransDigm UK Holdings PLC, 6.88%, 05/15/26 (Call 05/15/23)(d)	USD		50		49,565
Transocean Inc.
8.75%, 02/15/30 (Call 02/15/26)(a)	USD		70		72,275
11.50%, 01/30/27 (Call 07/30/23)(a)	USD		75		78,510
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/01/23)(a)	USD		83		82,540
Transocean Titan Financing Ltd., 8.38%, 02/01/28 (Call 02/01/25)	USD		40		41,480
Travel + Leisure Co.
4.50%, 12/01/29 (Call 09/01/29)(a)(d)	USD		45		38,784
6.00%, 04/01/27 (Call 01/01/27)	USD		25		24,531
6.63%, 07/31/26 (Call 04/30/26)(a)	USD		35		34,733
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24(d)	USD		25		24,934
Triumph Group Inc.
6.25%, 09/15/24 (Call 03/03/23)(a)(d)	USD		25		24,234
7.75%, 08/15/25 (Call 08/15/23)(d)	USD		27		22,939
8.88%, 06/01/24 (Call 02/01/23)(a)	USD		31		31,611
Tronox Inc., 4.63%, 03/15/29 (Call 03/15/24)(a)(d)	USD		80		68,400
Twilio Inc.
3.63%, 03/15/29 (Call 03/15/24)(d)	USD		50		42,479
3.88%, 03/15/31 (Call 03/15/26)(d)	USD		20		16,575
U.S. Foods Inc.
4.63%, 06/01/30 (Call 06/01/25)(a)(d)	USD		45		40,309
4.75%, 02/15/29 (Call 02/15/24)(a)	USD		55		50,368
6.25%, 04/15/25 (Call 04/15/23)(a)	USD		60		60,044
Uber Technologies Inc.
4.50%, 08/15/29 (Call 08/15/24)(a)	USD		110		98,172

Security		Par (000)		Value
United States (continued)
6.25%, 01/15/28 (Call 12/17/23)(a)(d)	USD		25	$	24,498
7.50%, 05/15/25 (Call 05/15/23)(a)	USD		70		71,072
7.50%, 09/15/27 (Call 09/15/23)(a)	USD		75		76,158
8.00%, 11/01/26 (Call 11/01/23)(a)	USD		90		92,128
United Airlines Inc.
4.38%, 04/15/26 (Call 10/15/25)(a)	USD		140		133,142
4.63%, 04/15/29 (Call 10/15/25)(a)	USD		140		127,915
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)	USD		60		51,675
3.88%, 02/15/31 (Call 08/15/25)(d)	USD		70		61,892
4.00%, 07/15/30 (Call 07/15/25)(d)	USD		45		40,506
4.88%, 01/15/28 (Call 01/15/24)	USD		125		120,906
5.25%, 01/15/30 (Call 01/15/25)	USD		60		58,039
5.50%, 05/15/27 (Call 05/15/23)	USD		37		36,791
United Wholesale Mortgage LLC
5.50%, 11/15/25 (Call 11/15/23)(a)	USD		50		46,963
5.50%, 04/15/29 (Call 03/30/24)(a)	USD		40		34,423
5.75%, 06/15/27 (Call 06/15/24)(a)	USD		50		44,846
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC
6.00%, 01/15/30 (Call 01/15/25)(a)	USD		50		33,475
7.88%, 02/15/25 (Call 02/15/23)(a)	USD		160		157,930
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
4.75%, 04/15/28 (Call 04/15/24)(a)(d)	USD		40		32,846
6.50%, 02/15/29 (Call 02/15/24)(a)	USD		70		48,315
Univision Communications Inc.
4.50%, 05/01/29 (Call 05/01/24)(a)(d)	USD		55		47,805
5.13%, 02/15/25 (Call 02/15/23)(a)	USD		110		107,302
6.63%, 06/01/27 (Call 06/01/23)(a)	USD		90		88,200
7.38%, 06/30/30 (Call 06/30/25)(a)	USD		70		68,438
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26 (Call 04/01/23)	USD		40		39,258
6.88%, 09/01/27 (Call 09/01/23)(d)	USD		55		53,350
Valvoline Inc.
3.63%, 06/15/31 (Call 06/15/26)(a)	USD		40		33,656
4.25%, 02/15/30 (Call 02/15/25)(a)	USD		35		34,389
Vector Group Ltd.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD		60		52,317
10.50%, 11/01/26 (Call 11/01/23)(a)	USD		45		45,281
Venture Global Calcasieu Pass LLC
3.88%, 11/01/33 (Call 05/01/33)(a)(d)	USD		85		71,683
6.25%, 01/15/30	USD		55		55,895
3.88%, 08/15/29 (Call 02/15/29)(a)	USD		90		80,212
4.13%, 08/15/31 (Call 02/15/31)(a)	USD		90		79,790
Vericast Corp., 11.00%, 09/15/26 (Call 09/15/23)(a)	USD		76		82,340
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 (Call 09/01/23)(a)	USD		115		76,015
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 08/15/23)(a)	USD		65		65,305
ViaSat Inc.
5.63%, 09/15/25 (Call 02/13/23)(a)	USD		40		37,600
5.63%, 04/15/27 (Call 04/15/23)(a)	USD		50		46,637
6.50%, 07/15/28 (Call 06/17/23)(a)	USD		25		20,094
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 09/15/23)(a)(d)	USD		55		46,887
7.00%, 02/15/29 (Call 02/15/24)(a)(d)	USD		50		43,500
13.00%, 05/15/25 (Call 05/15/23)(a)	USD		35		37,134
Vistra Operations Co. LLC
4.38%, 05/01/29 (Call 05/01/24)(a)	USD		85		75,027
5.00%, 07/31/27 (Call 07/31/23)(a)	USD		80		75,279

16

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023	(Percentages shown are based on Net Assets)

Security		Par (000)		Value
United States (continued)
5.50%, 09/01/26 (Call 09/01/23)(a)	USD		75	$	73,069
5.63%, 02/15/27 (Call 02/15/23)(a)	USD		70		67,775
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/23)(a)	USD		35		30,734
Weatherford International Ltd.
6.50%, 09/15/28 (Call 09/15/24)(a)	USD		45		44,775
8.63%, 04/30/30 (Call 10/30/24)(a)(d)	USD		90		90,816
Wesco Aircraft Holdings Inc.
8.50%, 11/15/24 (Call 11/15/23)(a)	USD		74		36,519
9.00%, 11/15/26 (Call 11/15/23)(a)(d)	USD		89		59,941
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 06/15/23)(a)	USD		80		81,280
7.25%, 06/15/28 (Call 06/15/23)(a)(d)	USD		115		118,307
Western Digital Corp.
2.85%, 02/01/29 (Call 12/01/28)	USD		50		40,859
3.10%, 02/01/32 (Call 11/01/31)	USD		25		19,233
4.75%, 02/15/26 (Call 11/15/25)(d)	USD		150		145,051
Western Midstream Operating LP
3.35%, 02/01/25 (Call 01/01/25)	USD		35		33,425
4.30%, 02/01/30 (Call 11/01/29)	USD		70		64,071
4.50%, 03/01/28 (Call 12/01/27)	USD		35		33,075
4.65%, 07/01/26 (Call 04/01/26)	USD		35		33,779
4.75%, 08/15/28 (Call 05/15/28)	USD		35		33,337
WeWork Companies Inc., 7.88%, 05/01/25(a)	USD		50		27,000
WeWork Companies LLC/WW Co-Obligor Inc., 5.00%, 07/10/25 (Call 04/10/25)(a)	USD		30		12,797
Williams Scotsman International Inc., 4.63%, 08/15/28  (Call 08/15/23)(a)	USD		30		27,778
Windstream Escrow LLC/Windstream Escrow Finance  Corp., 7.75%, 08/15/28 (Call 08/15/23)(a)	USD		105		84,637
WMG Acquisition Corp.
3.00%, 02/15/31 (Call 02/15/26)(a)	USD		40		33,156
3.75%, 12/01/29 (Call 12/01/24)(a)	USD		50		43,620
3.88%, 07/15/30 (Call 07/15/25)(a)	USD		50		44,057
WR Grace Holdings LLC
4.88%, 06/15/27 (Call 06/15/23)(a)	USD		70		65,275
5.63%, 08/15/29 (Call 08/15/24)(a)	USD		70		58,345
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.25%, 05/15/27 (Call 02/15/27)(a)	USD		50		47,234
5.50%, 03/01/25 (Call 12/01/24)(a)	USD		135		131,548
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
5.13%, 10/01/29 (Call 07/01/29)(a)	USD		50		44,625
7.75%, 04/15/25 (Call 04/15/23)(a)	USD		25		25,093
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)(a)	USD		65		60,821
5.50%, 08/15/28 (Call 07/15/28)(a)	USD		40		33,925
XHR LP, 4.88%, 06/01/29 (Call 06/01/24)(a)(d)	USD		60		53,250
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)(d)	USD		60		51,339

Security		Par/ Shares (000)		Value
United States (continued)
4.63%, 01/31/32 (Call 10/01/26)	USD		80	$	72,844
4.75%, 01/15/30 (Call 10/15/29)(a)	USD		50		46,878
5.38%, 04/01/32 (Call 04/01/27)(d)	USD		70		66,377
Zayo Group Holdings Inc.
4.00%, 03/01/27 (Call 03/03/23)(a)	USD		105		83,485
6.13%, 03/01/28 (Call 03/01/23)(a)(d)	USD		65		44,685
					56,276,091
Total Long-Term Investments — 97.7%
(Cost: $99,280,043)					87,872,819

Short-Term Securities
Money Market Funds — 15.9%
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.56%(j)(k)(l)	13,810		13,818,713
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.18%(j)(k)	550		550,000
Total Short-Term Securities — 15.9% (Cost: $14,357,700)			14,368,713
Total Investments — 113.6% (Cost: $113,637,743)			102,241,532
Liabilities in Excess of Other Assets — (13.6)%			(12,276,741	)
Net Assets — 100.0%		$	89,964,791

(a)	Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.
(b)	This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.
(c)	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.
(d)	All or a portion of this security is on loan.
(e)	Perpetual security with no stated maturity date.
(f)	Issuer filed for bankruptcy and/or is in default.
(g)	Non-income producing security.
(h)	Zero-coupon bond.
(i)	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.
(j)	Affiliate of the Fund.
(k)	Annualized 7-day yield as of period end.
(l)	All or a portion of this security was purchased with the cash collateral from loaned securities.

17

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 10/31/22		Purchases at Cost		Proceeds from Sale			Net Realized Gain (Loss)		Change in Unrealized Appreciation (Depreciation)		Value at 01/31/23		Shares Held at 01/31/23 (000)		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	15,572,440	$	—	$	(1,766,166	)(a)	$	1,274	$	11,165	$	13,818,713		13,810	$	25,013	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,490,000		—		(940,000	)(a)		—		—		550,000		550		7,588			1
								$	1,274	$	11,165	$	14,368,713			$	32,601		$	1

^(a) Represents net amount purchased (sold).

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

Fair Value Hierarchy as of Period End

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

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

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

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

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

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

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Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2023

Fair Value Hierarchy as of Period End (continued)

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—	$	87,872,819	$	—	$	87,872,819
Short-Term Securities
Money Market Funds		14,368,713		—		—		14,368,713
	$	14,368,713	$	87,872,819	$	—	$	102,241,532

Portfolio Abbreviation

CAB	Capital Appreciation Bonds
REIT	Real Estate Investment Trust

Currency Abbreviations

CAD	Canadian Dollar
EUR	Euro
GBP	British Pound

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