Schedule of Investments (unaudited)	iShares® US & Intl High Yield Corp Bond ETF
July 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 08/31/23)(a)	USD	50	$	48,281
FMG Resources August 2006 Pty Ltd.
4.38%, 04/01/31 (Call 01/01/31)(a)	USD	150		129,000
4.50%, 09/15/27 (Call 06/15/27)(a)(b)	USD	55		51,414
FMG Resources August Pty. Ltd.
5.88%, 04/15/30 (Call 01/15/30)(a)	USD	80		76,784
6.13%, 04/15/32 (Call 01/15/32)(a)(b)	USD	75		72,000
Iliad Holding SASU, 6.50%, 10/15/26 (Call 10/15/23)(a)	USD	125		119,469
Level 3 Financing Inc., 3.40%, 03/01/27
(Call 01/01/27)(a)	USD	75		66,176
Mineral Resources Ltd.
8.00%, 11/01/27 (Call 11/01/24)(a)	USD	70		70,360
8.13%, 05/01/27 (Call 09/01/23)(a)	USD	50		50,191
8.50%, 05/01/30 (Call 05/01/25)(a)	USD	70		71,266
				754,941
Austria — 0.2%
ams-OSRAM AG, 6.00%, 07/31/25 (Call 08/30/23)(c)	EUR	100		98,834
Benteler International AG, 9.38%, 05/15/28	EUR	100		111,522
				210,356
Belgium — 0.2%
Ontex Group NV, 3.50%, 07/15/26 (Call 07/15/24)(c)	EUR	100		100,084
Telenet Finance Luxembourg Notes Sarl, 5.50%,03/01/28 (Call 08/11/23)(a)	USD	200		183,600
				283,684
Canada — 3.7%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 02/15/24)(a)(b)	USD	70		61,619
3.88%, 01/15/28 (Call 08/31/23)(a)	USD	170		155,550
4.00%, 10/15/30 (Call 10/15/25)(a)	USD	300		257,749
4.38%, 01/15/28 (Call 08/31/23)(a)	USD	95		87,771
5.75%, 04/15/25 (Call 08/31/23)(a)	USD	40		39,794
Air Canada
3.88%, 08/15/26 (Call 02/15/26)(a)	USD	100		92,750
4.63%, 08/15/29 (Call 02/15/26)(a)	CAD	288		196,136
AutoCanada Inc., 5.75%, 02/07/29 (Call 01/01/25)(a)	CAD	100		64,270
Bausch Health Companies Inc.
5.25%, 02/15/31 (Call 02/15/26)(a)	USD	100		45,320
6.13%, 02/01/27 (Call 02/01/24)(a)	USD	115		75,703
Baytex Energy Corp., 8.50%, 04/30/30	USD	100		101,400
Bombardier Inc.
6.00%, 02/15/28 (Call 02/15/24)(a)	USD	90		84,814
7.13%, 06/15/26 (Call 08/31/23)(a)	USD	125		123,828
7.50%, 02/01/29 (Call 02/01/26)(a)(b)	USD	75		74,253
7.88%, 04/15/27 (Call 08/31/23)(a)	USD	200		199,820
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC
4.88%, 02/15/30 (Call 02/15/25)(a)	USD	50		40,748
6.25%, 09/15/27 (Call 08/31/23)(a)	USD	57		52,673
CSC Holdings LLC, 3.38%, 02/15/31 (Call 02/15/26)(a)	USD	100		69,263
Emera Inc., Series 16-A, 6.75%, 06/15/76 (Call 06/15/26), (3-mo. LIBOR US + 5.440%)(d)	USD	125		121,793
Ford Motor Credit Co. LLC, 4.13%, 08/17/27 (Call 06/17/27)	USD	160		146,505
Garda World Security Corp.
4.63%, 02/15/27 (Call 08/31/23)(a)	USD	60		55,628
6.00%, 06/01/29 (Call 06/01/24)(a)	USD	50		41,625
7.75%, 02/15/28 (Call 02/15/25)(a)	USD	30		29,842
9.50%, 11/01/27 (Call 08/31/23)(a)	USD	75		73,406

Security	Par (000)		Value
Canada (continued)
GFL Environmental Inc.
3.50%, 09/01/28 (Call 03/01/28)(a)	USD	60	$	53,328
3.75%, 08/01/25 (Call 08/31/23)(a)	USD	80		76,468
4.00%, 08/01/28 (Call 08/11/23)(a)(b)	USD	95		85,025
4.25%, 06/01/25 (Call 08/31/23)(a)	USD	50		48,476
4.38%, 08/15/29 (Call 08/15/24)(a)	USD	65		57,946
4.75%, 06/15/29 (Call 06/15/24)(a)(b)	USD	70		63,664
5.13%, 12/15/26 (Call 08/31/23)(a)	USD	54		52,516
Iccrea Banca SpA, 2.25%, 10/20/25 (Call 10/20/24), (3-mo. EURIBOR + 2.750%)(c)(d)	EUR	100		106,532
Jaguar Land Rover Automotive PLC, 7.75%, 10/15/25 (Call 08/31/23)(a)	USD	85		86,062
Jones Deslauriers Insurance Management Inc., 8.50%, 03/15/30 (Call 03/15/26)(a)	USD	75		76,725
Kronos Acquisition Holdings Inc./KIK Custom Products Inc.
5.00%, 12/31/26 (Call 08/31/23)(a)	USD	45		41,729
7.00%, 12/31/27 (Call 12/31/23)(a)	USD	70		61,685
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)(a)	USD	70		61,434
5.25%, 12/15/27 (Call 08/31/23)(a)(b)	USD	60		56,724
MEG Energy Corp.
5.88%, 02/01/29 (Call 02/01/24)(a)	USD	75		72,028
7.13%, 02/01/27 (Call 08/31/23)(a)	USD	60		60,907
Melco Resorts Finance Ltd., 5.25%, 04/26/26 (Call 08/31/23)(a)	USD	50		47,133
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)	USD	85		80,113
5.25%, 12/15/29 (Call 09/15/29)	USD	65		59,475
NOVA Chemicals Corp.
4.25%, 05/15/29 (Call 05/15/24)(a)	USD	57		47,275
5.00%, 05/01/25 (Call 01/31/25)(a)	USD	54		51,866
5.25%, 06/01/27 (Call 03/03/27)(a)	USD	100		90,079
NuVista Energy Ltd., 7.88%, 07/23/26 (Call 07/19/24)(a)	CAD	50		38,591
Open Text Corp.
3.88%, 02/15/28 (Call 08/31/23)(a)	USD	90		80,078
3.88%, 12/01/29 (Call 12/01/24)(a)	USD	80		67,700
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)(a)(b)	USD	100		85,534
4.13%, 12/01/31 (Call 12/01/26)(a)	USD	68		56,434
Parkland Corp.
3.88%, 06/16/26 (Call 08/10/23)(a)	CAD	125		87,613
4.50%, 10/01/29 (Call 10/01/24)(a)	USD	95		84,099
4.63%, 05/01/30 (Call 05/01/25)(a)	USD	80		70,433
5.88%, 07/15/27 (Call 08/31/23)(a)	USD	40		38,929
Ritchie Bros Holdings Inc.
6.75%, 03/15/28 (Call 03/15/25)(a)	USD	60		60,823
7.75%, 03/15/31 (Call 03/15/26)(a)	USD	95		99,228
Rogers Communications Inc., 5.25%, 03/15/82 (Call 03/15/27), (5-year CMT + 3.590%)(a)(b)(d)	USD	75		69,188
SNC-Lavalin Group Inc., 7.00%, 06/12/26 (Call 06/01/26)	CAD	25		19,190
Superior Plus LP, 4.25%, 05/18/28 (Call 05/18/24)(a)	CAD	50		33,574
Tamarack Valley Energy Ltd., 7.25%, 05/10/27 (Call 05/10/24)(a)	CAD	100		71,238
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 09/01/23)(a)(b)	USD	90		84,169
Videotron Ltd.
3.13%, 01/15/31 (Call 01/15/26)	CAD	100		58,852

 1

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

Security		Par (000)	Value
Canada (continued)
3.63%, 06/15/28 (Call 06/15/24)(a)	CAD	150	$	98,579
3.63%, 06/15/29 (Call 06/15/24)(a)(b)	USD	50		43,500
4.50%, 01/15/30 (Call 10/15/24)	CAD	110		73,033
5.13%, 04/15/27 (Call 08/31/23)(a)	USD	60		57,971
				5,108,206
Cayman Islands — 0.1%
UPCB Finance VII Ltd., 3.63%, 06/15/29
(Call 06/15/24)(c)	EUR	100		97,978
China — 0.1%
Leviathan Bond Ltd.
6.13%, 06/30/25 (Call 03/30/25)(a)(c)	USD	80		78,599
6.75%, 06/30/30 (Call 12/30/29)(a)(c)	USD	60		56,640
				135,239
Cyprus — 0.1%
Bank of Cyprus PLC, 7.38%, 07/25/28
(Call 07/25/27)(d)	EUR	100		110,105
Czech Republic — 0.1%
Allwyn Entertainment Financing U.K. PLC, 7.25%, 04/30/30 (Call 04/30/26)(c)	EUR	100		112,072
Finland — 0.1%
Huhtamaki Oyj, 4.25%, 06/09/27 (Call 03/09/27)(c)	EUR	100		107,459
France — 4.5%
Accor SA
2.38%, 11/29/28 (Call 08/29/28)(c)	EUR	100		100,234
3.00%, 02/04/26 (Call 11/04/25)(c)	EUR	100		106,071
Adevinta ASA, 2.63%, 11/15/25 (Call 08/10/23)(c)	EUR	100		105,521
Altice France SA
5.50%, 10/15/29 (Call 10/15/24)(a)	USD	225		159,750
8.13%, 02/01/27 (Call 08/11/23)(a)	USD	150		122,985
Altice France SA/France
2.50%, 01/15/25 (Call 08/10/23)(c)	EUR	100		97,224
3.38%, 01/15/28 (Call 08/10/23)(c)	EUR	100		76,738
4.13%, 01/15/29 (Call 09/15/23)(c)	EUR	200		151,908
5.13%, 01/15/29 (Call 09/15/23)(a)	USD	25		17,552
5.13%, 07/15/29 (Call 04/15/24)(a)	USD	300		210,615
5.50%, 01/15/28 (Call 08/31/23)(a)	USD	100		73,550
5.88%, 02/01/27 (Call 08/10/23)(c)	EUR	100		84,150
Atos SE
1.00%, 11/12/29 (Call 08/12/29)(c)	EUR	100		63,849
2.50%, 11/07/28 (Call 08/07/28)(c)	EUR	100		78,449
Banijay Entertainment SASU, 3.50%, 03/01/25 (Call 08/30/23)(c)	EUR	100		107,636
CAB SELAS, 3.38%, 02/01/28 (Call 02/01/24)(c)	EUR	200		187,015
Chrome Bidco SASU, 3.50%, 05/31/28 (Call 05/31/24)(c)	EUR	100		94,926
Electricite de France SA, 9.13%, (Call 03/15/33), (5-year CMT + 5.411%)(a)(d)(e)	USD	200		211,000
Elior Group SA, 3.75%, 07/15/26 (Call 07/15/24)(c)	EUR	100		86,923
Elis SA
1.63%, 04/03/28 (Call 01/03/28)(c)	EUR	100		98,180
2.88%, 02/15/26 (Call 11/15/25)(c)	EUR	100		106,672
Emeria SASU, 3.38%, 03/31/28 (Call 03/31/24)(c)	EUR	100		86,039
Eramet SA, 7.00%, 05/22/28	EUR	100		110,873
Faurecia SE
2.38%, 06/15/27 (Call 08/10/23)(c)	EUR	100		99,562
2.63%, 06/15/25 (Call 08/30/23)(c)	EUR	235		249,969
2.75%, 02/15/27 (Call 02/15/24)(c)	EUR	100		101,638

Security	Par (000)		Value
France (continued)
3.13%, 06/15/26 (Call 08/30/23)(c)	EUR	100	$	104,984
3.75%, 06/15/28 (Call 08/30/23)(c)	EUR	100		102,418
Getlink SE, 3.50%, 10/30/25 (Call 10/30/23)(c)	EUR	100		107,856
Iliad Holding SASU
5.13%, 10/15/26 (Call 10/15/23)(c)	EUR	100		106,347
5.63%, 10/15/28 (Call 10/15/24)(c)	EUR	100		104,075
7.00%, 10/15/28 (Call 10/15/24)(a)	USD	75		70,435
iliad SA
1.50%, 10/14/24 (Call 07/14/24)(c)	EUR	100		106,157
1.88%, 04/25/25 (Call 01/25/25)(c)	EUR	100		104,528
1.88%, 02/11/28 (Call 11/11/27)(c)	EUR	100		95,464
2.38%, 06/17/26 (Call 03/17/26)(c)	EUR	100		102,340
IPD 3 BV, 8.00%, 06/15/28 (Call 06/15/25)(c)	EUR	100		113,213
Kapla Holding SAS, 3.38%, 12/15/26 (Call 12/15/23)(c)	EUR	100		98,814
La Financiere Atalian SASU, 4.00%, 05/15/24 (Call 08/10/23)(c)	EUR	100		80,499
Loxam SAS
2.88%, 04/15/26 (Call 08/10/23)(c)	EUR	100		101,755
6.38%, 05/15/28(c)	EUR	100		109,973
Paprec Holding SA, 4.00%, 03/31/25 (Call 08/10/23)(c)	EUR	100		108,163
Picard Groupe SAS, 3.88%, 07/01/26 (Call 09/11/23)(c)	EUR	100		103,043
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(c)(d)	EUR	100		102,988
Renault SA
1.13%, 10/04/27 (Call 07/04/27)(c)	EUR	100		94,471
1.25%, 06/24/25 (Call 03/24/25)(c)	EUR	100		103,386
2.38%, 05/25/26 (Call 02/25/26)(c)	EUR	200		207,290
2.50%, 06/02/27 (Call 03/02/27)(c)	EUR	200		201,442
Rexel SA, 2.13%, 12/15/28 (Call 12/15/24)(c)	EUR	100		98,229
SPCM SA, 2.63%, 02/01/29 (Call 09/15/23)(c)	EUR	100		96,627
SPIE SA, 2.63%, 06/18/26 (Call 12/18/25)(c)	EUR	100		104,778
Tereos Finance Groupe, 4.75%, 04/30/27 (Call 04/30/24)(c)	EUR	100		106,874
Valeo
1.50%, 06/18/25 (Call 03/18/25)(c)	EUR	100		104,708
5.38%, 05/28/27 (Call 02/28/27)(c)	EUR	200		222,722
				6,152,608
Germany — 3.4%
Bayer AG
2.38%, 11/12/79 (Call 02/12/25)(c)(d)	EUR	100		102,448
3.13%, 11/12/79 (Call 08/12/27)(c)(d)	EUR	100		96,391
5.38%, 03/25/82 (Call 06/25/30)(c)(d)	EUR	100		102,941
CECONOMY AG, 1.75%, 06/24/26 (Call 03/24/26)(c)	EUR	100		88,176
Cheplapharm Arzneimittel GmbH
4.38%, 01/15/28 (Call 01/15/24)(c)	EUR	100		101,694
7.50%, 05/15/30 (Call 05/15/26)(c)	EUR	100		111,954
Commerzbank AG
4.00%, 03/23/26(c)	EUR	100		107,560
4.00%, 03/30/27(c)	EUR	80		86,117
4.00%, 12/05/30 (Call 09/05/25)(c)(d)	EUR	100		104,272
6.75%, 10/05/33	EUR	100		110,042
8.63%, 02/28/33 (Call 11/28/27)(c)(d)	GBP	100		127,412
Commerzbank Ag Subordinated, 1.38%, 12/29/31 (Call 09/29/26)(c)(d)	EUR	100		92,369
CT Investment GmbH, 5.50%, 04/15/26 (Call 04/15/24)(c)	EUR	100		102,834
Deutsche Lufthansa AG
2.88%, 02/11/25 (Call 01/11/25)(c)	EUR	100		106,542
2.88%, 05/16/27 (Call 02/16/27)(c)	EUR	100		101,129
3.00%, 05/29/26 (Call 03/02/26)(c)	EUR	100		104,285
3.50%, 07/14/29 (Call 04/14/29)(c)	EUR	100		100,174

2

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

Security	Par (000)		Value
Germany (continued)
Douglas GmbH, 6.00%, 04/08/26 (Call 08/30/23)(c)	EUR	200	$	207,109
Evonik Industries AG, 1.38%, 09/02/81 (Call 09/02/26)(c)(d)	EUR	100		90,524
Gruenenthal GmbH, 6.75%, 05/15/30 (Call 05/15/26)(c)	EUR	100		114,028
HT Troplast GmbH, 9.38%, 07/15/28 (Call 07/15/25)	EUR	100		109,742
Mahle GmbH, 2.38%, 05/14/28 (Call 02/14/28)(c)	EUR	100		89,092
Nidda Healthcare Holding GmbH, 7.50%, 08/21/26 (Call 04/30/24)(c)	EUR	100		109,696
PCF GmbH, 4.75%, 04/15/26 (Call 04/15/24)(c)	EUR	100		84,766
ProGroup AG, 3.00%, 03/31/26 (Call 08/30/23)(c)	EUR	100		102,952
Schaeffler AG
2.88%, 03/26/27 (Call 12/26/26)(c)	EUR	75		78,686
3.38%, 10/12/28 (Call 07/12/28)(c)	EUR	200		202,696
Techem Verwaltungsgesellschaft 674 mbH, 6.00%, 07/30/26 (Call 08/10/23)(c)	EUR	88		95,313
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25 (Call 08/30/23)(c)	EUR	100		105,491
Tele Columbus AG, 3.88%, 05/02/25 (Call 08/10/23)(c)	EUR	100		67,473
thyssenkrupp AG, 2.50%, 02/25/25(c)	EUR	100		107,287
TK Elevator Holdco GmbH
6.63%, 07/15/28 (Call 08/30/23)(c)	EUR	90		86,045
7.63%, 07/15/28 (Call 08/31/23)(a)(b)	USD	50		46,625
TK Elevator Midco GmbH, 4.38%, 07/15/27 (Call 08/10/23)(c)	EUR	100		99,878
TK Elevator U.S. Newco Inc., 5.25%, 07/15/27 (Call 08/31/23)(a)	USD	150		140,476
TUI Cruises GmbH, 6.50%, 05/15/26 (Call 05/15/24)(c)	EUR	100		103,030
ZF Europe Finance BV
2.00%, 02/23/26 (Call 12/23/25)(c)	EUR	100		101,672
2.50%, 10/23/27 (Call 07/23/27)(c)	EUR	100		98,792
3.00%, 10/23/29 (Call 07/23/29)(c)	EUR	100		95,422
ZF Finance GmbH
2.00%, 05/06/27 (Call 02/06/27)(c)	EUR	100		98,262
2.75%, 05/25/27 (Call 02/25/27)(c)	EUR	100		101,113
5.75%, 08/03/26 (Call 07/03/26)(c)	EUR	100		111,608
ZF North America Capital Inc.
4.75%, 04/29/25(a)	USD	100		96,872
6.88%, 04/14/28 (Call 03/14/28)(a)	USD	50		50,750
7.13%, 04/14/30 (Call 02/14/30)(a)	USD	75		77,139
				4,618,879
Gibraltar — 0.1%
888 Acquisitions Ltd., 7.56%, 07/15/27 (Call 07/15/24)(c)	EUR	100		102,760
Greece — 0.7%
Alpha Bank SA
2.50%, 03/23/28 (Call 03/23/27)(c)(d)	EUR	100		94,910
7.50%, 06/16/27 (Call 06/16/26)(c)(d)	EUR	100		113,177
Eurobank Ergasias Services & Holdings SA, 10.00%, 12/06/32 (Call 12/06/27)(c)(d)	EUR	100		115,250
Eurobank SA, 7.00%, 01/26/29 (Call 01/26/28)(c)(d)	EUR	100		112,890
National Bank of Greece SA, 2.75%, 10/08/26 (Call 10/08/25)(c)(d)	EUR	100		102,994
Piraeus Bank SA, 8.25%, 01/28/27 (Call 01/28/26)(c)(d)	EUR	100		113,579
Piraeus Financial Holdings SA, 5.50%, 02/19/30 (Call 02/19/25)(c)(d)	EUR	100		101,444
Public Power Corp. SA, 4.38%, 03/30/26 (Call 08/30/23)(c)	EUR	100		106,768

Security		Par (000)	Value
Greece (continued)
Titan Global Finance PLC, 2.38%, 11/16/24
(Call 05/15/24)(c)	EUR	100	$	106,297
				967,309
Hong Kong — 0.1%
Melco Resorts Finance Ltd.
5.63%, 07/17/27 (Call 08/31/23)(a)	USD	50		45,725
5.75%, 07/21/28 (Call 08/31/23)(a)	USD	75		67,174
				112,899
Ireland — 0.6%
AerCap Global Aviation Trust, 6.50%, 06/15/45
(Call 06/15/25), (3-mo. SOFR + 4.300%)(a)(d)	USD	75		73,594
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24), (5-year CMT + 4.535%)(b)(d)	USD	75		72,529
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., 4.13%, 08/15/26 (Call 08/14/23)(a)	USD	125		117,112
C&W Senior Financing DAC, 6.88%, 09/15/27
(Call 08/11/23)(a)	USD	125		111,400
eircom Finance DAC, 3.50%, 05/15/26
(Call 08/30/23)(c)	EUR	125		129,319
Energia Group Roi Financeco DAC, 6.88%, 07/31/28 (Call 07/31/25)	EUR	100		109,745
GGAM Finance Ltd.
7.75%, 05/15/26 (Call 11/15/25)(a)	USD	25		25,178
8.00%, 06/15/28 (Call 12/15/27)(a)	USD	75		76,464
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28 (Call 08/31/23)(a)	USD	75		66,237
				781,578
Israel — 1.1%
Energian Israel Finance Ltd.
5.88%, 03/30/31 (Call 09/30/30)(a)(c)	USD	70		61,338
8.50%, 09/30/33(a)	USD	65		65,180
Teva Pharmaceutical Finance Netherlands II BV
3.75%, 05/09/27 (Call 02/09/27)	EUR	100		99,436
4.38%, 05/09/30 (Call 02/09/30)	EUR	150		141,145
4.50%, 03/01/25 (Call 12/01/24)	EUR	100		108,423
6.00%, 01/31/25 (Call 01/31/24)	EUR	100		111,403
7.38%, 09/15/29 (Call 06/15/29)	EUR	100		111,886
7.88%, 09/15/31 (Call 06/15/31)	EUR	100		114,246
Teva Pharmaceutical Finance Netherlands III BV
3.15%, 10/01/26	USD	335		302,957
4.75%, 05/09/27 (Call 02/09/27)	USD	100		93,717
5.13%, 05/09/29 (Call 02/09/29)	USD	100		91,969
6.75%, 03/01/28 (Call 12/01/27)	USD	125		123,781
7.88%, 09/15/29 (Call 06/15/29)	USD	75		78,094
8.13%, 09/15/31 (Call 06/15/31)	USD	50		52,982
				1,556,557
Italy — 4.5%
Atlantia SpA
1.63%, 02/03/25(c)	EUR	100		104,900
1.88%, 07/13/27 (Call 04/13/27)(c)	EUR	100		98,557
1.88%, 02/12/28 (Call 11/12/27)(c)	EUR	100		95,622
Banca IFIS SpA, 6.13%, 01/19/27(c)	EUR	100		110,042
Banca Monte dei Paschi di Siena SpA
2.63%, 04/28/25(c)	EUR	100		103,211
3.63%, 09/24/24(c)	EUR	100		106,763
6.75%, 03/02/26 (Call 03/02/25),
(3-mo. EURIBOR + 3.206%)(c)(d)	EUR	100		110,076
10.50%, 07/23/29(c)	EUR	100		109,754

 3

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

Security	Par (000)			Value
Italy (continued)
Banco BPM SpA
1.75%, 01/28/25(c)		EUR	100	$	105,469
3.25%, 01/14/31 (Call 01/14/26)(c)(d)		EUR	100		101,038
4.88%, 01/18/27(c)		EUR	100		110,916
5.00%, 09/14/30 (Call 09/14/25)(c)(d)		EUR	100		108,017
6.00%, 01/21/28 (Call 01/21/27),
(3-mo. EURIBOR + 3.300%)(c)(d)		EUR	150		167,761
6.00%, 06/14/28		EUR	150		165,885
BPER Banca
1.38%, 03/31/27 (Call 03/31/26),
(3-mo. EURIBOR + 1.750%)(c)(d)		EUR	100		101,948
3.63%, 11/30/30 (Call 11/30/25)(c)(d)		EUR	100		105,500
6.13%, 02/01/28 (Call 02/01/27),
(3-mo. EURIBOR + 3.600%)(c)(d)		EUR	150		168,518
Castor SpA, 6.00%, 02/15/29 (Call 03/15/25)(c)		EUR	100		94,767
Centurion Bidco SpA, 5.88%, 09/30/26
(Call 08/14/23)(c)		EUR	100		100,575
doValue SpA, 3.38%, 07/31/26 (Call 07/31/23)(c)		EUR	100		93,041
Guala Closures SpA, 3.25%, 06/15/28
(Call 06/15/24)(c)		EUR	100		95,046
Iccrea Banca SpA
4.75%, 01/18/32 (Call 10/18/26)(c)(d)		EUR	100		95,805
6.88%, 01/20/28 (Call 01/20/27),
(3-mo. EURIBOR + 4.045%)(c)(d)		EUR	100		113,581
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 08/10/23)(c)		EUR	100		99,473
Infrastrutture Wireless Italiane SpA
1.63%, 10/21/28 (Call 07/21/28)(c)		EUR	100		96,790
1.75%, 04/19/31 (Call 01/19/31)(c)		EUR	100		92,668
1.88%, 07/08/26 (Call 04/08/26)(c)		EUR	100		102,634
Intesa Sanpaolo SpA
2.86%, 04/23/25(c)		EUR	100		106,705
2.93%, 10/14/30(c)		EUR	100		94,342
3.93%, 09/15/26(c)		EUR	100		107,782
4.20%, 06/01/32 (Call 06/01/31),
(1-year CMT + 2.600%)(a)(d)		USD	85		65,582
5.15%, 06/10/30(c)		GBP	100		106,962
5.71%, 01/15/26(a)		USD	150		144,698
Lottomatica SpA, 9.75%, 09/30/27 (Call 09/30/24)(c)		EUR	100		119,054
Nexi SpA
1.63%, 04/30/26 (Call 01/30/26)(c)		EUR	200		203,226
2.13%, 04/30/29 (Call 01/30/29)(c)		EUR	100		94,461
Rossini Sarl, 6.75%, 10/30/25 (Call 08/10/23)(c)		EUR	100		110,533
Saipem Finance International BV
2.63%, 01/07/25(c)		EUR	100		105,981
3.13%, 03/31/28 (Call 12/31/27)(c)		EUR	100		99,732
Telecom Italia SpA
6.88%, 02/15/28 (Call 11/15/27)(c)		EUR	100		108,551
7.88%, 07/31/28 (Call 05/01/28)(c)		EUR	100		111,547
Telecom Italia SpA/Milano
1.63%, 01/18/29 (Call 10/18/28)(c)		EUR	100		83,237
2.38%, 10/12/27 (Call 07/12/27)(c)		EUR	100		92,547
2.75%, 04/15/25 (Call 01/15/25)(c)		EUR	100		104,030
3.00%, 09/30/25(c)		EUR	200		207,147
3.63%, 05/25/26(c)		EUR	100		103,131
UniCredit SpA
2.00%, 09/23/29 (Call 09/23/24)(c)(d)		EUR	200		209,491
2.73%, 01/15/32 (Call 01/15/27)(c)(d)		EUR	200		194,160
5.46%, 06/30/35 (Call 06/30/30),
(5-year CMT + 4.750%)(a)(d)		USD	160		139,792

Security	Par (000)		Value
Italy (continued)
5.86%, 06/19/32 (Call 06/19/27),
(5-year USD ICE Swap + 3.703%)(a)(d)	USD	100	$	91,607
7.30%, 04/02/34 (Call 04/02/29),
(5-year USD ICE Swap + 4.914%)(a)(d)	USD	125		121,576
Webuild SpA
1.75%, 10/26/24(c)	EUR	100		105,230
5.88%, 12/15/25 (Call 06/15/25)(c)	EUR	100		109,099
				6,098,560
Japan — 0.5%
Rakuten Group Inc.
5.13%, (Call 04/22/26),
(5-year CMT + 4.578%)(a)(d)(e)	USD	70		48,517
6.25%, (Call 04/22/31),
(5-year CMT + 4.956%)(a)(d)(e)	USD	110		55,789
10.25%, 11/30/24(a)	USD	100		99,971
SoftBank Group Corp.
2.88%, 01/06/27 (Call 10/06/26)(c)	EUR	200		199,673
3.13%, 09/19/25 (Call 06/21/25)(c)	EUR	150		156,188
5.00%, 04/15/28 (Call 01/16/28)(c)	EUR	100		105,471
				665,609
Jersey — 0.1%
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)(a)	USD	150		151,654
Kazakhstan — 0.0%
Energian Israel Finance Ltd., 5.38%, 03/30/28
(Call 09/30/27)(a)(c)	USD	56		50,799
Kuwait — 0.0%
Leviathan Bond Ltd., 6.50%, 06/30/27
(Call 12/30/26)(a)(c)	USD	55		53,320
Luxembourg — 1.6%
Albion Financing 1 SARL/Aggreko Holdings Inc., 6.13%, 10/15/26 (Call 10/15/23)(a)	USD	65		60,942
Albion Financing 2Sarl, 8.75%, 04/15/27
(Call 10/15/23)(a)	USD	50		46,531
Altice Financing SA
3.00%, 01/15/28 (Call 08/30/23)(c)	EUR	100		80,799
4.25%, 08/15/29 (Call 08/15/24)(c)	EUR	100		79,345
5.00%, 01/15/28 (Call 08/31/23)(a)	USD	125		97,025
5.75%, 08/15/29 (Call 08/15/24)(a)	USD	200		151,175
Altice Finco SA, 4.75%, 01/15/28 (Call 08/30/23)(c)	EUR	100		59,265
Altice France Holding SA
4.00%, 02/15/28 (Call 08/30/23)(c)	EUR	100		36,173
6.00%, 02/15/28 (Call 08/31/23)(a)(b)	USD	125		46,734
8.00%, 05/15/27 (Call 08/10/23)(c)	EUR	100		42,322
10.50%, 05/15/27 (Call 08/11/23)(a)	USD	175		74,572
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
3.25%, 09/01/28 (Call 05/15/24)(a)	USD	75		64,678
4.00%, 09/01/29 (Call 05/15/24)(a)(b)	USD	125		102,188
Cidron Aida Finco Sarl, 5.00%, 04/01/28
(Call 04/01/24)(c)	EUR	100		99,881
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25
(Call 08/30/23)(c)	EUR	100		80,059
Herens Midco Sarl, 5.25%, 05/15/29 (Call 05/15/24)(c)	EUR	100		57,641
INEOS Finance PLC
2.88%, 05/01/26 (Call 08/10/23)(c)	EUR	100		100,870
6.63%, 05/15/28 (Call 02/15/25)(c)	EUR	100		107,186

4

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

Security	Par (000)		Value
Luxembourg (continued)
Loarre Investments Sarl, 6.50%, 05/15/29
(Call 05/15/25)(c)	EUR	100	$	104,865
Matterhorn Telecom SA, 4.00%, 11/15/27
(Call 11/15/23)(c)	EUR	100		103,745
Monitchem HoldCo 3 SA, 8.75%, 05/01/28
(Call 05/01/25)	EUR	100		107,498
Mytilineos Financial Partners SA, 2.50%, 12/01/24
(Call 06/01/24)(c)	EUR	100		106,624
Summer BC Holdco B Sarl, 5.75%, 10/31/26
(Call 08/30/23)(c)	EUR	200		195,830
Swissport Investments SA, 6.75%, 12/15/21(c)(f)(g)	EUR	100		1
Vivion Investments Sarl, 3.00%, 08/08/24(c)	EUR	200		183,755
				2,189,704
Macau — 0.7%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 08/31/23)(a)(b)	USD	120		114,933
5.38%, 12/04/29 (Call 12/04/24)(a)	USD	125		107,094
MGM China Holdings Ltd.
4.75%, 02/01/27 (Call 02/01/24)(a)	USD	75		68,813
5.25%, 06/18/25 (Call 08/11/23)(a)	USD	50		48,363
5.88%, 05/15/26 (Call 08/11/23)(a)	USD	75		72,788
Studio City Finance Ltd.
5.00%, 01/15/29 (Call 01/15/24)(a)	USD	110		84,700
6.50%, 01/15/28 (Call 08/31/23)(a)	USD	60		51,750
Wynn Macau Ltd.
4.88%, 10/01/24 (Call 08/11/23)(a)	USD	75		73,112
5.13%, 12/15/29 (Call 12/15/24)(a)	USD	100		84,550
5.50%, 01/15/26 (Call 08/31/23)(a)	USD	75		70,841
5.50%, 10/01/27 (Call 08/31/23)(a)(b)	USD	75		67,781
5.63%, 08/26/28 (Call 08/26/23)(a)(b)	USD	150		133,125
				977,850
Malaysia — 0.1%
Resorts World Las Vegas LLC/RWLV Capital Inc., 4.63%, 04/16/29 (Call 01/16/29)(a)	USD	100		83,375
Netherlands — 1.5%
Maxeda DIY Holding BV, 5.88%, 10/01/26
(Call 10/01/23)(c)	EUR	100		80,002
Nobel Bidco BV, 3.13%, 06/15/28 (Call 06/18/24)(c)	EUR	100		87,801
Nobian Finance BV, 3.63%, 07/15/26 (Call 07/15/24)(c)	EUR	100		93,987
PPF Telecom Group BV, 3.25%, 09/29/27
(Call 06/29/27)(c)	EUR	175		180,965
Q-Park Holding I BV, 2.00%, 03/01/27
(Call 08/30/23)(c)	EUR	150		145,274
Sensata Technologies BV
5.00%, 10/01/25(a)	USD	85		82,971
5.63%, 11/01/24(a)	USD	25		24,811
Sigma Holdco BV, 5.75%, 05/15/26 (Call 08/10/23)(c)	EUR	100		96,575
Trivium Packaging Finance BV
3.75%, 08/15/26 (Call 08/30/23)(c)	EUR	100		100,898
5.50%, 08/15/26 (Call 08/31/23)(a)	USD	75		71,236
8.50%, 08/15/27 (Call 08/11/23)(a)(b)	USD	100		96,014
United Group BV
4.00%, 11/15/27 (Call 11/15/23)(c)	EUR	100		91,641
4.63%, 08/15/28 (Call 08/15/24)(c)	EUR	100		90,363
UPC Broadband Finco BV, 4.88%, 07/15/31
(Call 07/15/26)(a)	USD	100		83,984
VZ Secured Financing BV, 5.00%, 01/15/32
(Call 01/15/27)(a)	USD	150		122,387

Security		Par (000)	Value
Netherlands (continued)
VZ Vendor Financing II BV, 2.88%, 01/15/29
(Call 12/18/23)(c)	EUR	100	$	88,193
WP/AP Telecom Holdings IV BV, 3.75%, 01/15/29
(Call 01/15/25)(c)	EUR	100		97,825
Ziggo Bond Co. BV
3.38%, 02/28/30 (Call 02/15/25)(c)	EUR	100		84,244
5.13%, 02/28/30 (Call 02/15/25)(a)	USD	50		39,375
6.00%, 01/15/27 (Call 08/31/23)(a)(b)	USD	75		69,772
Ziggo BV
2.88%, 01/15/30 (Call 10/15/24)(c)	EUR	100		91,697
4.88%, 01/15/30 (Call 10/15/24)(a)	USD	110		93,334
				2,013,349
Portugal — 0.6%
Banco Comercial Portugues SA
3.87%, 03/27/30 (Call 03/27/25)(c)(d)	EUR	100		97,483
8.50%, 10/25/25 (Call 10/25/24),
(3-mo. EURIBOR + 5.547%)(d)	EUR	100		113,591
EDP - Energias de Portugal SA
1.50%, 03/14/82 (Call 12/14/26)(c)(d)	EUR	200		188,564
1.88%, 08/02/81 (Call 05/02/26)(c)(d)	EUR	100		98,075
5.94%, 04/23/83 (Call 01/23/28)(c)(d)	EUR	100		109,538
Novo Banco SA, 9.88%, 12/01/33	EUR	100		114,045
Transportes Aereos Portugueses SA, 5.63%, 12/02/24
(Call 07/02/24)(c)	EUR	100		108,257
				829,553
Singapore — 0.1%
Puma International Financing SA, 5.13%, 10/06/24
(Call 08/11/23)(a)	USD	200		198,899
Spain — 2.3%
Abanca Corp. Bancaria SA, 4.63%, 04/07/30
(Call 04/07/25)(c)(d)	EUR	100		104,557
ACS Actividades de Construccion y Servicios SA,
1.38%, 06/17/25 (Call 03/17/25)(c)	EUR	100		103,382
Banco de Credito Social Cooperativo SA, 8.00%, 09/22/26 (Call 09/22/25)(c)(d).	EUR	100		112,859
Banco de Sabadell SA
2.63%, 03/24/26 (Call 03/24/25)(c)(d)	EUR	100		105,553
5.25%, 02/07/29 (Call 02/07/28)(c)(d)	EUR	100		109,762
5.38%, 09/08/26 (Call 09/08/25)(c)(d)	EUR	100		110,475
6.00%, 08/16/33 (Call 05/16/28)(c)(d)	EUR	100		103,893
Cellnex Finance Co. SA
0.75%, 11/15/26 (Call 08/15/26)(c)	EUR	100		97,907
1.00%, 09/15/27 (Call 06/15/27)(c)	EUR	100		95,918
1.25%, 01/15/29 (Call 10/15/28)(c)	EUR	100		92,426
2.00%, 09/15/32 (Call 06/15/32)(c)	EUR	100		87,901
2.00%, 02/15/33 (Call 11/15/32)(c)	EUR	100		86,929
2.25%, 04/12/26 (Call 01/12/26)(c)	EUR	100		103,906
Cellnex Telecom SA
1.75%, 10/23/30 (Call 07/23/30)(c)	EUR	200		180,251
1.88%, 06/26/29 (Call 03/26/29)(c)	EUR	100		94,049
2.88%, 04/18/25 (Call 01/18/25)(c)	EUR	100		107,028
Cirsa Finance International Sarl
4.50%, 03/15/27 (Call 09/15/23)(c)	EUR	100		101,236
7.88%, 07/31/28	EUR	100		110,446
ContourGlobal Power Holdings SA, 2.75%, 01/01/26
(Call 01/01/24)(c)	EUR	100		101,388
eDreams ODIGEO SA, 5.50%, 07/15/27
(Call 07/15/24)(c)	EUR	100		99,436

 5

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

Security		Par (000)	Value
Spain (continued)
Grifols Escrow Issuer SA, 3.88%, 10/15/28
(Call 10/15/24)(c)	EUR	225	$	212,599
Grifols SA
1.63%, 02/15/25 (Call 02/15/24)(c)	EUR	100		105,702
3.20%, 05/01/25 (Call 08/30/23)(c)	EUR	100		106,322
Grupo-Antolin Irausa SA, 3.38%, 04/30/26
(Call 08/10/23)(c)	EUR	100		92,443
Ibercaja Banco SA, 2.75%, 07/23/30
(Call 07/23/25)(c)(d)	EUR	100		99,667
Kaixo Bondco Telecom SA, 5.13%, 09/30/29
(Call 09/30/24)(c)	EUR	100		97,175
Lorca Telecom Bondco SA, 4.00%, 09/18/27
(Call 09/30/23)(c)	EUR	150		154,237
Unicaja Banco SA, 7.25%, 11/15/27
(Call 11/15/26)(c)(d)	EUR	100		113,038
Via Celere Desarrollos Inmobiliarios SA, 5.25%, 04/01/26 (Call 04/01/24)(c)	EUR	100		102,888
				3,193,373
Sweden — 1.0%
Dometic Group AB, 2.00%, 09/29/28 (Call 06/29/28)(c)	EUR	100		90,443
Fastighets AB Balder, 2.87%, 06/02/81
(Call 03/02/26)(c)(d)	EUR	100		71,987
Heimstaden AB, 4.25%, 03/09/26 (Call 12/09/25)(c)	EUR	100		56,648
Intrum AB
3.00%, 09/15/27 (Call 08/10/23)(c)	EUR	100		76,687
3.50%, 07/15/26 (Call 08/10/23)(c)	EUR	100		85,203
4.88%, 08/15/25 (Call 08/10/23)(c)	EUR	100		97,132
Samhallsbyggnadsbolaget, 1.00%, 08/12/27
(Call 05/12/27)(c)	EUR	100		68,282
Samhallsbyggnadsbolaget i Norden AB, 1.13%, 09/04/26 (Call 06/04/26)(c)	EUR	100		73,805
SBB Treasury OYJ, 1.13%, 11/26/29 (Call 08/26/29)(c)	EUR	125		76,539
Verisure Holding AB
3.25%, 02/15/27 (Call 08/10/23)(c)	EUR	100		99,331
3.88%, 07/15/26 (Call 08/10/23)(c)	EUR	100		103,589
7.13%, 02/01/28 (Call 02/01/25)(c)	EUR	100		111,795
Verisure Midholding AB, 5.25%, 02/15/29
(Call 02/15/24)(c)	EUR	100		95,972
Volvo Car AB
2.00%, 01/24/25 (Call 10/24/24)(c)	EUR	100		105,511
2.50%, 10/07/27 (Call 07/07/27)(c)	EUR	100		100,642
				1,313,566
Switzerland — 0.5%
Dufry One BV
2.00%, 02/15/27 (Call 08/30/23)(c)	EUR	100		97,742
2.50%, 10/15/24 (Call 08/30/23)(c)	EUR	100		107,464
3.38%, 04/15/28 (Call 04/15/24)(c)	EUR	100		99,974
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25
(Call 03/18/25)(c)	EUR	100		105,619
Transocean Inc., 7.50%, 01/15/26 (Call 08/11/23)(a)	USD	35		34,387
VistaJet Malta Finance PLC/Vista Management Holding Inc.
6.38%, 02/01/30 (Call 02/01/25)(a)	USD	95		80,330
7.88%, 05/01/27 (Call 05/01/24)(a)(b)	USD	60		55,406
9.50%, 06/01/28(b)	USD	50		47,908
Wizz Air Finance Co. BV, 1.00%, 01/19/26
(Call 11/19/25)(c)	EUR	100		96,746
				725,576

Security		Par (000)	Value
United Arab Emirates — 0.0%
Energian Israel Finance Ltd., 4.88%, 03/30/26
(Call 12/30/25)(a)(c)	USD	60	$	56,079
United Kingdom — 5.5%
B&M European Value Retail SA, 3.63%, 07/15/25
(Call 07/15/24)(c)	GBP	100		122,213
BCP V Modular Services Finance II PLC
4.75%, 11/30/28 (Call 11/30/24)(c)	EUR	150		139,788
6.13%, 11/30/28 (Call 11/30/24)(c)	GBP	100		104,812
Bellis Acquisition Co. PLC, 3.25%, 02/16/26
(Call 08/30/23)(c)	GBP	275		302,626
Bellis Finco PLC, 4.00%, 02/16/27 (Call 08/30/23)(c)	GBP	100		98,850
British Telecommunications PLC
1.87%, 08/18/80 (Call 05/18/25)(c)(d)	EUR	100		99,631
4.25%, 11/23/81 (Call 11/23/26),
(5-year CMT + 2.985%)(a)(d)	USD	50		44,461
4.88%, 11/23/81 (Call 08/23/31),
(5-year CMT + 3.493%)(a)(d)	USD	45		36,927
Canary Wharf Group Investment Holdings PLC
1.75%, 04/07/26 (Call 01/07/26)(c)	EUR	100		77,329
2.63%, 04/23/25 (Call 03/23/25)(c)	GBP	100		105,140
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 09/01/23)(a)	USD	200		191,480
Constellation Automotive Financing PLC, 4.88%, 07/15/27 (Call 07/15/24)(c)	GBP	100		102,395
Deuce Finco PLC, 5.50%, 06/15/27 (Call 08/30/23)(c)	GBP	100		109,972
eG Global Finance PLC
4.38%, 02/07/25 (Call 08/30/23)(c)	EUR	93		97,637
6.25%, 10/30/25 (Call 08/30/23)(c)	EUR	92		98,207
6.75%, 02/07/25 (Call 08/11/23)(a)	USD	100		98,382
8.50%, 10/30/25 (Call 08/31/23)(a)	USD	75		74,266
Heathrow Finance PLC, 3.88%, 03/01/27(c)(h)	GBP	100		109,915
Iceland Bondco PLC, 4.63%, 03/15/25
(Call 08/10/23)(c)	GBP	100		126,759
INEOS Quattro Finance 1 PLC, 3.75%, 07/15/26
(Call 08/10/23)(c)	EUR	100		94,539
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26
(Call 08/10/23)(c)	EUR	100		97,485
International Consolidated Airlines Group SA
1.50%, 07/04/27 (Call 04/04/27)(c)	EUR	100		95,638
3.75%, 03/25/29 (Call 12/25/28)(c)	EUR	100		97,012
Jaguar Land Rover Automotive PLC
4.50%, 01/15/26 (Call 10/15/25)(c)	EUR	100		107,426
4.50%, 10/01/27 (Call 07/01/27)(a)	USD	50		44,990
5.88%, 01/15/28 (Call 01/15/24)(a)	USD	105		98,097
6.88%, 11/15/26 (Call 08/15/26)(c)	EUR	100		113,390
Jerrold Finco PLC, 4.88%, 01/15/26 (Call 08/30/23)(c)	GBP	100		111,870
Kane Bidco Ltd., 6.50%, 02/15/27 (Call 02/15/24)(c)	GBP	100		117,060
Market Bidco Finco PLC, 5.50%, 11/04/27
(Call 11/04/24)(c)	GBP	100		100,227
NGG Finance PLC
1.63%, 12/05/79 (Call 09/05/24)(c)(d)	EUR	100		104,388
2.13%, 09/05/82 (Call 06/05/27)(c)(d)	EUR	100		95,698
5.63%, 06/18/73 (Call 06/18/25)(c)(d)	GBP	100		122,276
Ocado Group PLC, 3.88%, 10/08/26 (Call 10/08/23)(c)	GBP	100		108,869
Odeon Finco PLC, 12.75%, 11/01/27 (Call 11/01/24)(a)	USD	25		25,006
PeopleCert Wisdom Issuer PLC, 5.75%, 09/15/26
(Call 09/15/23)(c)	EUR	100		106,113
Pinewood Finance Co. Ltd., 3.25%, 09/30/25
(Call 09/30/23)(c)	GBP	100		118,165

6

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

Security		Par (000)	Value
United Kingdom (continued)
Pinnacle Bidco PLC, 5.50%, 02/15/25
(Call 08/30/23)(c)	EUR	100	$	108,111
Playtech PLC, 5.88%, 06/28/28 (Call 06/28/25)	EUR	100		109,959
Rolls-Royce PLC
1.63%, 05/09/28 (Call 02/09/28)(c)	EUR	100		94,825
3.38%, 06/18/26	GBP	100		116,192
3.63%, 10/14/25 (Call 07/14/25)(a)	USD	110		104,494
4.63%, 02/16/26 (Call 11/16/25)(c)	EUR	100		109,512
5.75%, 10/15/27 (Call 07/15/27)(a)	USD	100		98,622
Sherwood Financing PLC, 4.50%, 11/15/26
(Call 11/15/23)(c)	EUR	100		94,618
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 08/30/23)(c)	GBP	200		239,605
Synthomer PLC, 3.88%, 07/01/25 (Call 07/01/24)(c)	EUR	100		98,520
TalkTalk Telecom Group PLC, 3.88%, 02/20/25
(Call 02/20/24)(c)	GBP	100		108,157
Thames Water Utilities Finance PLC, 2.88%, 05/03/27(c)	GBP	100		99,818
TVL Finance PLC, 10.25%, 04/28/28 (Call 04/28/25)(c)	GBP	100		128,771
Very Group Funding PLC (The), 6.50%, 08/01/26
(Call 08/01/23)(c)	GBP	100		100,500
Victoria PLC, 3.63%, 08/24/26 (Call 02/28/24)(c)	EUR	100		90,444
Virgin Media Finance PLC, 5.00%, 07/15/30
(Call 07/15/25)(a)(b)	USD	100		81,625
Virgin Media Secured Finance PLC
4.13%, 08/15/30 (Call 08/15/25)(c)	GBP	100		101,577
4.25%, 01/15/30 (Call 10/15/24)(c)	GBP	150		154,853
4.50%, 08/15/30 (Call 08/15/25)(a)	USD	100		85,850
5.25%, 05/15/29 (Call 05/15/24)(c)	GBP	100		110,668
5.50%, 05/15/29 (Call 05/15/24)(a)(b)	USD	125		115,346
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 08/30/23)(c)	GBP	100		104,420
Vmed O2 UK Financing I PLC
3.25%, 01/31/31 (Call 01/31/26)(c)	EUR	150		138,663
4.25%, 01/31/31 (Call 01/31/26)(a)	USD	150		124,773
4.75%, 07/15/31 (Call 07/15/26)(a)	USD	150		126,645
Vodafone Group PLC
2.63%, 08/27/80 (Call 05/27/26)(c)(d)	EUR	100		100,150
3.00%, 08/27/80 (Call 05/27/30)(c)(d)	EUR	100		90,882
3.25%, 06/04/81 (Call 06/04/26),
(5-year CMT + 2.447%)(b)(d)	USD	40		35,434
4.13%, 06/04/81 (Call 03/04/31),
(5-year CMT + 2.767%)(b)(d)	USD	95		75,553
6.50%, 08/30/84 (Call 05/30/29)(c)(d)	EUR	150		167,174
7.00%, 04/04/79 (Call 01/04/29),
(5-year USD Swap + 4.873%)(d)	USD	205		210,443
8.00%, 08/30/86	GBP	100		128,078
				7,553,321
United States — 62.8%
Acrisure LLC/Acrisure Finance Inc.
4.25%, 02/15/29 (Call 02/15/24)(a)(b)	USD	70		60,316
6.00%, 08/01/29 (Call 08/01/24)(a)(b)	USD	35		30,053
7.00%, 11/15/25 (Call 08/31/23)(a)(b)	USD	110		106,544
10.13%, 08/01/26 (Call 08/31/23)(a)(b)	USD	35		36,008
AdaptHealth LLC
4.63%, 08/01/29 (Call 02/01/24)(a)	USD	60		49,404
5.13%, 03/01/30 (Call 03/01/25)(a)(b)	USD	60		49,874
Adient Global Holdings, 8.25%, 04/15/31
(Call 04/15/26)(a)	USD	55		56,513

Security		Par (000)	Value
United States (continued)
Adient Global Holdings Ltd., 7.00%, 04/15/28
(Call 04/15/25)(a)(b)	USD	50	$	50,444
ADT Security Corp. (The), 4.13%, 08/01/29
(Call 08/01/28)(a)(b)	USD	110		95,752
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27
(Call 09/30/24)(a)	USD	65		67,105
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC
3.25%, 03/15/26 (Call 08/31/23)(a)	USD	55		51,171
3.50%, 03/15/29 (Call 09/15/23)(a)	USD	135		117,523
4.63%, 01/15/27 (Call 08/31/23)(a)	USD	155		147,126
4.88%, 02/15/30 (Call 02/15/25)(a)	USD	110		101,236
5.88%, 02/15/28 (Call 08/31/23)(a)	USD	75		73,280
6.50%, 02/15/28 (Call 02/15/25)(a)	USD	75		74,705
7.50%, 03/15/26 (Call 08/31/23)(a)	USD	50		51,038
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
4.25%, 10/15/27 (Call 10/15/23)(a)	USD	75		68,562
5.88%, 11/01/29 (Call 11/01/24)(a)	USD	55		48,879
6.75%, 10/15/27 (Call 08/31/23)(a)	USD	130		123,482
6.75%, 04/15/28 (Call 04/15/25)(a)	USD	135		134,083
Allied Universal Holdco LLC/Allied Universal Finance Corp.
6.00%, 06/01/29 (Call 06/01/24)(a)(b)	USD	100		76,567
6.63%, 07/15/26 (Call 08/31/23)(a)	USD	195		186,597
9.75%, 07/15/27 (Call 08/31/23)(a)	USD	115		105,323
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 06/01/28
(Call 06/01/24)(a)	USD	200		169,929
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl, 3.63%, 06/01/28
(Call 06/01/24)(c)	EUR	100		87,501
Allison Transmission Inc.
3.75%, 01/30/31 (Call 01/30/26)(a)(b)	USD	85		71,968
4.75%, 10/01/27 (Call 08/11/23)(a)	USD	60		56,843
5.88%, 06/01/29 (Call 06/01/24)(a)(b)	USD	40		38,852
Ally Financial Inc.
5.75%, 11/20/25 (Call 10/21/25)(b)	USD	80		77,580
6.70%, 02/14/33 (Call 11/16/32)(b)	USD	60		54,825
Alpha Services and Holdings SA, 5.50%, 06/11/31
(Call 03/11/26)(c)(d)	EUR	100		99,673
AMC Entertainment Holdings Inc., 7.50%, 02/15/29
(Call 02/15/25)(a)(b)	USD	105		72,255
AMC Networks Inc.
4.25%, 02/15/29 (Call 02/15/24)	USD	110		61,223
4.75%, 08/01/25 (Call 08/31/23)	USD	85		75,735
American Airlines Group Inc., 3.75%, 03/01/25(a)	USD	40		38,210
American Airlines Inc.
7.25%, 02/15/28 (Call 02/15/25)(a)	USD	65		64,479
11.75%, 07/15/25(a)	USD	265		292,162
American Airlines Inc./AAdvantage Loyalty IP Ltd.
5.50%, 04/20/26(a)	USD	326		321,390
5.75%, 04/20/29(a)	USD	330		320,121
American Axle & Manufacturing Inc.
5.00%, 10/01/29 (Call 10/01/24)	USD	60		51,540
6.50%, 04/01/27 (Call 08/31/23)(b)	USD	70		68,075
6.88%, 07/01/28 (Call 08/11/23)	USD	50		47,538
American Builders & Contractors Supply Co. Inc.
3.88%, 11/15/29 (Call 11/15/24)(a)(b)	USD	60		52,163
4.00%, 01/15/28 (Call 08/31/23)(a)	USD	65		59,556

 7

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

Security		Par (000)	Value
United States (continued)
AmeriGas Partners LP / AmeriGas Finance Corp.,
9.38%, 06/01/28 (Call 06/01/25)(a)	USD	40	$	40,650
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)	USD	75		72,656
5.75%, 05/20/27 (Call 02/20/27)(b)	USD	50		45,850
5.88%, 08/20/26 (Call 05/20/26)	USD	70		65,995
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 06/15/29 (Call 06/15/24)(a)	USD	80		75,027
5.75%, 03/01/27 (Call 08/16/23)(a)(b)	USD	70		67,808
5.75%, 01/15/28 (Call 08/16/23)(a)	USD	55		52,935
7.88%, 05/15/26 (Call 08/16/23)(a)	USD	60		61,249
Antero Resources Corp.
5.38%, 03/01/30 (Call 03/01/25)(a)(b)	USD	85		79,209
7.63%, 02/01/29 (Call 02/01/24)(a)	USD	41		42,020
APX Group Inc.
5.75%, 07/15/29 (Call 07/15/24)(a)(b)	USD	75		64,920
6.75%, 02/15/27 (Call 08/31/23)(a)	USD	65		63,643
Aramark Services Inc.
5.00%, 04/01/25 (Call 08/31/23)(a)(b)	USD	55		54,441
5.00%, 02/01/28 (Call 08/31/23)(a)(b)	USD	120		113,393
6.38%, 05/01/25 (Call 08/31/23)(a)	USD	145		145,562
Arches Buyer Inc.
4.25%, 06/01/28 (Call 12/01/23)(a)	USD	90		78,300
6.13%, 12/01/28 (Call 12/01/23)(a)	USD	50		43,051
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/28 (Call 08/31/23)(a)	USD	75		71,425
6.88%, 04/01/27 (Call 08/31/23)(a)	USD	50		49,054
Arconic Corp.
6.00%, 05/15/25 (Call 08/10/23)(a)	USD	70		70,927
6.13%, 02/15/28 (Call 08/10/23)(a)	USD	115		118,130
Ardagh Metal Packaging Finance USA LLC/Ardagh
Metal Packaging Finance PLC
2.00%, 09/01/28 (Call 05/15/24)(c)	EUR	100		92,063
6.00%, 06/15/27 (Call 06/15/24)(a)	USD	50		49,295
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.13%, 08/15/26 (Call 08/31/23)(c)	EUR	100		99,282
4.75%, 07/15/27 (Call 08/11/23)(c)	GBP	100		103,403
5.25%, 04/30/25 (Call 09/01/23)(a)	USD	75		73,484
5.25%, 08/15/27 (Call 09/01/23)(a)	USD	175		150,514
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 08/11/23)	USD	36		33,055
4.63%, 11/15/29 (Call 11/15/24)(a)(b)	USD	70		62,010
4.75%, 03/01/30 (Call 03/01/25)	USD	60		53,063
5.00%, 02/15/32 (Call 11/15/26)(a)(b)	USD	60		52,274
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
5.88%, 06/30/29 (Call 09/01/24)(a)(b)	USD	65		58,722
7.00%, 11/01/26 (Call 08/31/23)(a)(b)	USD	50		48,956
Ashland Services BV, 2.00%, 01/30/28
(Call 11/01/27)(c)	EUR	100		94,284
Ashton Woods USA LLC/Ashton Woods Finance Co.,
4.63%, 04/01/30 (Call 04/01/25)(a)	USD	30		25,729
ASP Unifrax Holdings Inc
5.25%, 09/30/28 (Call 09/30/24)(a)	USD	85		63,272
7.50%, 09/30/29 (Call 09/30/24)(a)	USD	25		14,742
AssuredPartners Inc.
5.63%, 01/15/29 (Call 12/15/23)(a)	USD	75		65,419
7.00%, 08/15/25 (Call 08/31/23)(a)	USD	50		49,393

Security		Par (000)	Value
United States (continued)
Audacy Capital Corp.
6.50%, 05/01/27 (Call 08/16/23)(a)	USD	25	$	463
6.75%, 03/31/29 (Call 03/31/24)(a)	USD	25		438
Avantor Funding Inc.
2.63%, 11/01/25 (Call 08/10/23)(c)	EUR	100		105,120
3.88%, 11/01/29 (Call 11/01/24)(a)(b)	USD	80		70,132
4.63%, 07/15/28 (Call 08/31/23)(a)(b)	USD	155		143,762
Avient Corp.
5.75%, 05/15/25 (Call 08/31/23)(a)	USD	50		49,506
7.13%, 08/01/30 (Call 08/01/25)(a)(b)	USD	75		75,566
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
4.75%, 04/01/28 (Call 04/01/24)(a)(b)	USD	50		45,432
5.38%, 03/01/29 (Call 03/01/24)(a)(b)	USD	65		60,450
5.75%, 07/15/27 (Call 08/31/23)(a)	USD	40		38,648
Avis Budget Finance PLC
4.75%, 01/30/26 (Call 09/30/23)(c)	EUR	100		107,783
7.25%, 07/31/30 (Call 07/31/26)(c)	EUR	100		109,964
Axalta Coating Systems Dutch Holding B BV, 3.75%, 01/15/25 (Call 08/10/23)(c)	EUR	100		107,855
Axalta Coating Systems LLC, 3.38%, 02/15/29
(Call 02/15/24)(a)	USD	75		64,412
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27
(Call 09/01/23)(a)	USD	50		47,485
B&G Foods Inc.
5.25%, 04/01/25 (Call 08/31/23)	USD	85		80,937
5.25%, 09/15/27 (Call 08/31/23)(b)	USD	55		47,426
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)	USD	125		103,264
3.13%, 09/15/31 (Call 06/15/31)(b)	USD	90		74,106
4.88%, 03/15/26 (Call 12/15/25)	USD	70		68,467
5.25%, 07/01/25	USD	95		94,150
6.00%, 06/15/29 (Call 05/15/26)	USD	110		110,000
6.88%, 03/15/28 (Call 11/15/24)(b)	USD	90		92,160
Bath & Body Works Inc.
5.25%, 02/01/28	USD	40		38,206
6.63%, 10/01/30 (Call 10/01/25)(a)(b)	USD	105		101,498
7.50%, 06/15/29 (Call 06/15/24)(b)	USD	65		65,760
Bausch Health Companies Inc.
4.88%, 06/01/28 (Call 06/01/24)(a)	USD	175		106,333
5.25%, 01/30/30 (Call 01/30/25)(a)	USD	125		56,531
5.50%, 11/01/25 (Call 08/31/23)(a)	USD	195		175,500
5.75%, 08/15/27 (Call 08/16/23)(a)	USD	60		38,418
6.25%, 02/15/29 (Call 02/15/24)(a)	USD	100		47,083
11.00%, 09/30/28(a)	USD	289		213,561
Beacon Roofing Supply Inc., 6.50%, 08/01/30
(Call 08/01/26)(a)	USD	48		48,120
Berry Global Inc., 5.63%, 07/15/27 (Call 08/31/23)(a)(b)	USD	30		29,398
Black Knight InfoServ LLC, 3.63%, 09/01/28
(Call 09/01/23)(a)	USD	125		114,375
Block Inc.
2.75%, 06/01/26 (Call 05/01/26)(b)	USD	100		91,353
3.50%, 06/01/31 (Call 03/01/31)(b)	USD	105		87,931
Boyd Gaming Corp.
4.75%, 12/01/27 (Call 08/11/23)(b)	USD	145		136,690
4.75%, 06/15/31 (Call 06/15/26)(a)	USD	75		67,102
Brand Industrial Services Inc., 10.38%, 08/01/30	USD	55		56,084
Brink’s Co. (The)
4.63%, 10/15/27 (Call 08/31/23)(a)	USD	50		47,000
5.50%, 07/15/25 (Call 08/31/23)(a)	USD	50		49,506

8

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

Security		Par (000)	Value
United States (continued)
Brookfield Property Finance ULC
4.00%, 09/30/26 (Call 08/30/26)	CAD	125	$	84,173
7.13%, 02/13/28 (Call 01/13/28)	CAD	75		54,375
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL
4.50%, 04/01/27 (Call 10/01/23)(a)	USD	55		47,671
5.75%, 05/15/26 (Call 08/11/23)(a)(b)	USD	100		94,125
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)	USD	50		45,809
4.13%, 03/01/25 (Call 02/01/25)(a)	USD	25		24,063
4.13%, 12/01/27 (Call 09/01/27)	USD	35		31,805
4.50%, 03/01/28 (Call 12/01/27)(a)	USD	75		67,822
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)(a)	USD	140		121,450
5.00%, 03/01/30 (Call 03/01/25)(a)	USD	35		32,714
6.38%, 06/15/32 (Call 06/15/27)(a)	USD	65		64,740
Burford Capital Global Finance LLC, 9.25%, 07/01/31(a)	USD	50		50,500
Caesars Entertainment Inc.
4.63%, 10/15/29 (Call 10/15/24)(a)(b)	USD	115		101,200
6.25%, 07/01/25 (Call 08/11/23)(a)	USD	355		352,826
7.00%, 02/15/30 (Call 02/15/26)(a)(b)	USD	205		206,999
8.13%, 07/01/27 (Call 08/31/23)(a)(b)	USD	185		189,604
Caesars Resort Collection LLC/CRC Finco Inc., 5.75%, 07/01/25 (Call 08/11/23)(a)	USD	110		111,100
Callon Petroleum Co.
7.50%, 06/15/30 (Call 06/15/25)(a)(b)	USD	50		48,375
8.00%, 08/01/28 (Call 08/01/24)(a)(b)	USD	75		76,275
Calpine Corp.
3.75%, 03/01/31 (Call 03/01/26)(a)	USD	85		69,694
4.50%, 02/15/28 (Call 08/31/23)(a)	USD	130		119,391
4.63%, 02/01/29 (Call 02/01/24)(a)	USD	65		56,131
5.00%, 02/01/31 (Call 02/01/26)(a)	USD	85		71,634
5.13%, 03/15/28 (Call 08/31/23)(a)(b)	USD	150		136,200
5.25%, 06/01/26 (Call 08/31/23)(a)	USD	47		45,752
Calumet Specialty Products Partners LP/Calumet Finance Corp., 11.00%, 04/15/25
(Call 08/31/23)(a)(b)	USD	21		21,630
Camelot Return Merger Sub Inc., 8.75%, 08/01/28
(Call 08/01/24)(a)(b)	USD	60		58,709
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28
(Call 05/01/25)(a).	USD	200		218,297
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29)	EUR	100		73,017
Carvana Co.
4.88%, 09/01/29 (Call 09/01/24)(a)	USD	50		31,000
5.50%, 04/15/27 (Call 04/15/24)(a)	USD	45		32,638
5.63%, 10/01/25 (Call 08/11/23)(a)	USD	55		49,538
5.88%, 10/01/28 (Call 10/01/23)(a)	USD	50		31,058
10.25%, 05/01/30 (Call 05/01/27)(a)	USD	230		182,723
Catalent Pharma Solutions Inc.
2.38%, 03/01/28 (Call 08/30/23)(c)	EUR	100		92,271
3.13%, 02/15/29 (Call 02/15/24)(a)(b)	USD	60		50,266
3.50%, 04/01/30 (Call 04/01/25)(a)(b)	USD	70		58,625
5.00%, 07/15/27 (Call 08/31/23)(a)	USD	50		46,986
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/31 (Call 07/01/25)(a)	USD	300		246,510
4.25%, 01/15/34 (Call 01/15/28)(a)(b)	USD	210		161,358
4.50%, 08/15/30 (Call 02/15/25)(a)	USD	285		241,181
4.50%, 05/01/32 (Call 05/01/26)	USD	310		252,768
4.50%, 06/01/33 (Call 06/01/27)(a)	USD	180		142,533

Security		Par (000)	Value
United States (continued)
4.75%, 03/01/30 (Call 09/01/24)(a)	USD	310	$	268,925
4.75%, 02/01/32 (Call 02/01/27)(a)	USD	120		99,420
5.00%, 02/01/28 (Call 08/16/23)(a)	USD	265		245,125
5.13%, 05/01/27 (Call 08/31/23)(a)	USD	330		309,606
5.38%, 06/01/29 (Call 06/01/24)(a)	USD	150		137,099
5.50%, 05/01/26 (Call 08/31/23)(a)	USD	70		68,355
6.38%, 09/01/29 (Call 09/01/25)(a)(b)	USD	160		153,000
7.38%, 03/01/31 (Call 03/01/26)(a)(b)	USD	105		104,125
CDI Escrow Issuer Inc., 5.75%, 04/01/30
(Call 04/01/25)(a)	USD	120		111,450
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)(b)	USD	70		62,839
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 08/31/23)	USD	60		56,708
5.50%, 05/01/25 (Call 08/31/23)(a)	USD	75		74,231
Central Garden & Pet Co.
4.13%, 10/15/30 (Call 10/15/25)	USD	50		42,514
4.13%, 04/30/31 (Call 04/30/26)(a)	USD	55		46,034
Century Communities Inc.
3.88%, 08/15/29 (Call 02/15/29)(a)	USD	50		43,536
6.75%, 06/01/27 (Call 08/31/23)	USD	50		50,188
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 03/15/24)(a)(b)	USD	50		44,234
4.00%, 03/15/31 (Call 03/15/26)(a)(b)	USD	40		34,870
4.25%, 05/01/28 (Call 08/16/23)(a)	USD	75		68,989
Chart Industries Inc.
7.50%, 01/01/30 (Call 01/01/26)(a)	USD	139		142,607
9.50%, 01/01/31 (Call 01/01/26)(a)(b)	USD	50		53,844
Chemours Co. (The)
4.00%, 05/15/26 (Call 08/30/23)	EUR	100		101,937
4.63%, 11/15/29 (Call 11/15/24)(a)	USD	55		46,651
5.38%, 05/15/27 (Call 02/15/27)(b)	USD	75		71,362
5.75%, 11/15/28 (Call 11/15/23)(a)(b)	USD	60		55,337
Chesapeake Energy Corp.
5.50%, 02/01/26 (Call 08/31/23)(a)(b)	USD	30		29,503
5.88%, 02/01/29 (Call 02/05/24)(a)(b)	USD	57		54,548
6.75%, 04/15/29 (Call 04/15/24)(a)(b)	USD	125		124,219
CHS/Community Health Systems Inc.
4.75%, 02/15/31 (Call 02/15/26)(a)(b)	USD	95		71,962
5.25%, 05/15/30 (Call 05/15/25)(a)	USD	165		131,123
5.63%, 03/15/27 (Call 12/15/23)(a)(b)	USD	205		182,093
6.00%, 01/15/29 (Call 01/15/24)(a)	USD	80		68,320
6.13%, 04/01/30 (Call 04/01/25)(a)(b)	USD	140		88,282
6.88%, 04/01/28 (Call 08/16/23)(a)	USD	85		52,688
6.88%, 04/15/29 (Call 04/15/24)(a)(b)	USD	140		92,881
8.00%, 03/15/26 (Call 08/31/23)(a)(b)	USD	210		206,018
8.00%, 12/15/27 (Call 08/16/23)(a)(b)	USD	74		72,427
Churchill Downs Inc.
4.75%, 01/15/28 (Call 08/31/23)(a)	USD	65		60,136
5.50%, 04/01/27 (Call 08/31/23)(a)	USD	50		48,387
6.75%, 05/01/31(a)	USD	80		78,230
Cinemark USA Inc.
5.25%, 07/15/28 (Call 07/15/24)(a)(b)	USD	85		74,515
5.88%, 03/15/26 (Call 08/31/23)(a)	USD	35		33,117
Citgo Holding Inc., 9.25%, 08/01/24 (Call 08/31/23)(a)	USD	75		74,953
CITGO Petroleum Corp.
6.38%, 06/15/26 (Call 08/31/23)(a)	USD	90		87,934
7.00%, 06/15/25 (Call 08/31/23)(a)	USD	145		143,423
Civitas Resources Inc.
8.38%, 07/01/28 (Call 07/01/25)(a)	USD	145		149,343

 9

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

Security		Par (000)	Value
United States (continued)
8.75%, 07/01/31 (Call 07/01/26)(a)	USD	155	$	160,425
Clarios Global LP, 6.75%, 05/15/25 (Call 08/31/23)(a)	USD	32		32,041
Clarios Global LP/Clarios U.S. Finance Co.
6.25%, 05/15/26 (Call 09/01/23)(a)(b)	USD	100		99,895
6.75%, 05/15/28	USD	75		75,591
8.50%, 05/15/27 (Call 09/01/23)(a)(b)	USD	145		146,767
Clarios Global LP/Clarios US Finance Co., 4.38%, 05/15/26 (Call 08/31/23)(c)	EUR	100		106,622
Clarivate Science Holdings Corp.
3.88%, 07/01/28 (Call 06/30/24)(a)(b)	USD	85		75,650
4.88%, 07/01/29 (Call 06/30/24)(a)(b)	USD	85		75,533
Clean Harbors Inc.
4.88%, 07/15/27 (Call 08/31/23)(a)	USD	50		47,803
6.38%, 02/01/31 (Call 02/01/26)(a)	USD	60		60,299
Clear Channel Outdoor Holdings Inc.
5.13%, 08/15/27 (Call 08/31/23)(a)(b)	USD	130		119,397
7.50%, 06/01/29 (Call 06/01/24)(a)(b)	USD	100		79,678
7.75%, 04/15/28 (Call 04/15/24)(a)	USD	100		83,498
Clearway Energy Operating LLC
3.75%, 02/15/31 (Call 02/15/26)(a)(b)	USD	95		78,731
4.75%, 03/15/28 (Call 08/11/23)(a)(b)	USD	85		78,784
Cleveland-Cliffs Inc.
5.88%, 06/01/27 (Call 08/31/23)(b)	USD	45		44,234
6.75%, 03/15/26 (Call 08/31/23)(a)	USD	65		65,472
6.75%, 04/15/30	USD	90		87,412
Cloud Software Group Inc.
6.50%, 03/31/29 (Call 09/30/25)(a)	USD	405		363,994
9.00%, 09/30/29(a)(b)	USD	390		348,962
Clydesdale Acquisition Holdings Inc.
6.63%, 04/15/29 (Call 04/15/25)(a)	USD	65		62,225
8.75%, 04/15/30 (Call 04/15/25)(a)	USD	120		109,380
CNX Resources Corp.
6.00%, 01/15/29 (Call 01/15/24)(a)	USD	40		37,400
7.38%, 01/15/31 (Call 01/15/26)(a)	USD	45		44,550
Coinbase Global Inc.
3.38%, 10/01/28 (Call 10/01/24)(a)(b)	USD	105		73,738
3.63%, 10/01/31 (Call 10/01/26)(a)	USD	105		66,281
Colgate Energy Partners III LLC, 5.88%, 07/01/29
(Call 07/01/24)(a)	USD	70		66,609
CommScope Inc.
4.75%, 09/01/29 (Call 09/01/24)(a)	USD	140		107,827
6.00%, 03/01/26 (Call 08/31/23)(a)	USD	165		151,366
7.13%, 07/01/28 (Call 08/31/23)(a)(b)	USD	60		40,365
8.25%, 03/01/27 (Call 08/31/23)(a)	USD	100		75,852
CommScope Technologies LLC
5.00%, 03/15/27 (Call 08/11/23)(a)	USD	65		43,444
6.00%, 06/15/25 (Call 08/11/23)(a)(b)	USD	131		119,046
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29 (Call 04/15/24)(a)(b)	USD	125		113,750
Comstock Resources Inc.
5.88%, 01/15/30 (Call 01/15/25)(a)	USD	110		97,607
6.75%, 03/01/29 (Call 03/01/24)(a)	USD	115		107,237
Condor Merger Sub Inc., 7.38%, 02/15/30
(Call 02/15/25)(a).	USD	210		181,495
Consolidated Communications Inc.
5.00%, 10/01/28 (Call 10/01/23)(a)(b)	USD	35		26,052
6.50%, 10/01/28 (Call 10/01/23)(a)	USD	85		66,282
Constellium SE
3.13%, 07/15/29 (Call 07/15/24)(c)	EUR	100		94,031
3.75%, 04/15/29 (Call 04/15/24)(a)(b)	USD	75		65,130

Security		Par (000)	Value
United States (continued)
Coty Inc.
3.88%, 04/15/26 (Call 08/10/23)(c)	EUR	100	$	106,851
5.00%, 04/15/26 (Call 08/31/23)(a)	USD	120		116,004
6.50%, 04/15/26 (Call 08/31/23)(a)(b)	USD	35		34,825
Coty Inc./HFC Prestige Products Inc./HFC Prestige International U.S. LLC
4.75%, 01/15/29 (Call 01/15/25)(a)	USD	60		55,664
6.63%, 07/15/30 (Call 07/16/26)(a)	USD	75		75,656
Covanta Holding Corp.
4.88%, 12/01/29 (Call 12/01/24)(a)	USD	90		79,926
5.00%, 09/01/30 (Call 09/01/25)	USD	30		26,211
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31 (Call 06/15/26)(a)	USD	150		136,500
Crescent Energy Finance LLC
7.25%, 05/01/26 (Call 08/31/23)(a)	USD	75		73,984
9.25%, 02/15/28 (Call 02/15/25)(a)	USD	80		81,376
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp.
5.63%, 05/01/27 (Call 08/16/23)(a)	USD	75		71,437
5.75%, 04/01/25 (Call 08/31/23)	USD	55		54,498
6.00%, 02/01/29 (Call 02/01/24)(a)	USD	70		66,212
7.38%, 02/01/31 (Call 02/01/26)(a)(b)	USD	65		65,013
8.00%, 04/01/29 (Call 04/01/24)(a)(b)	USD	35		35,637
Crown Americas LLC, 5.25%, 04/01/30
(Call 01/01/30)(b)	USD	45		42,958
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)	USD	60		56,983
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 08/31/23)	USD	75		72,568
Crown European Holdings SA
2.63%, 09/30/24 (Call 03/31/24)(c)	EUR	100		107,620
2.88%, 02/01/26 (Call 08/01/25)(c)	EUR	100		106,183
CrownRock LP/CrownRock Finance Inc.
5.00%, 05/01/29 (Call 05/01/24)(a)	USD	45		42,283
5.63%, 10/15/25 (Call 08/31/23)(a)	USD	150		148,162
CSC Holdings LLC
4.13%, 12/01/30 (Call 12/01/25)(a)	USD	100		72,250
4.50%, 11/15/31 (Call 11/15/26)(a)	USD	150		107,625
4.63%, 12/01/30 (Call 12/01/25)(a)	USD	250		125,734
5.00%, 11/15/31 (Call 11/15/26)(a)	USD	60		30,241
5.38%, 02/01/28 (Call 08/31/23)(a)	USD	100		83,500
5.50%, 04/15/27 (Call 08/31/23)(a)	USD	125		107,187
5.75%, 01/15/30 (Call 01/15/25)(a)	USD	225		116,895
6.50%, 02/01/29 (Call 02/01/24)(a)	USD	200		170,000
7.50%, 04/01/28 (Call 08/11/23)(a)(b)	USD	100		61,414
11.25%, 05/15/28 (Call 05/15/25)(a)	USD	100		98,875
Curo Group Holdings Corp., 7.50%, 08/01/28
(Call 08/01/24)(a)	USD	78		29,835
CVR Energy Inc.
5.25%, 02/15/25 (Call 08/16/23)(a)(b)	USD	65		63,370
5.75%, 02/15/28 (Call 08/16/23)(a)	USD	45		41,158
Dana Financing Luxembourg Sarl, 8.50%, 07/15/31
(Call 07/15/26)(c)	EUR	100		115,151
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)	USD	50		42,914
5.38%, 11/15/27 (Call 08/11/23)	USD	40		38,457
5.63%, 06/15/28 (Call 08/11/23)(b)	USD	45		42,891
Darling Global Finance BV, 3.63%, 05/15/26
(Call 08/10/23)(c)	EUR	100		107,435

10

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

Security		Par (000)	Value
United States (continued)
Darling Ingredients Inc.
5.25%, 04/15/27 (Call 08/11/23)(a)(b)	USD	75	$	72,925
6.00%, 06/15/30 (Call 06/15/25)(a)(b)	USD	105		103,357
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	150		120,045
4.63%, 06/01/30 (Call 06/01/25)(a)	USD	275		234,382
Delta Air Lines Inc.
2.90%, 10/28/24 (Call 09/28/24)	USD	95		91,336
3.75%, 10/28/29 (Call 07/28/29)(b)	USD	60		54,348
4.38%, 04/19/28 (Call 01/19/28)(b)	USD	40		37,980
7.38%, 01/15/26 (Call 12/15/25)(b)	USD	90		93,634
Directv Financing LLC/Directv Financing Co-Obligor Inc., 5.88%, 08/15/27 (Call 08/31/23)(a)	USD	375		338,512
DISH DBS Corp.
5.25%, 12/01/26 (Call 06/01/26)(a)	USD	285		233,700
5.75%, 12/01/28 (Call 12/01/27)(a)(b)	USD	250		193,047
5.88%, 11/15/24	USD	200		182,500
7.38%, 07/01/28 (Call 08/11/23)	USD	105		59,128
7.75%, 07/01/26	USD	200		129,300
5.13%, 06/01/29	USD	165		82,912
DISH Network Corp., 11.75%, 11/15/27
(Call 05/15/25)(a)	USD	363		365,352
Diversified Healthcare Trust
4.38%, 03/01/31 (Call 09/01/30)	USD	40		29,194
4.75%, 02/15/28 (Call 08/15/27)(b)	USD	60		43,950
9.75%, 06/15/25 (Call 08/16/23)	USD	55		54,347
DPL Inc.
4.13%, 07/01/25 (Call 04/01/25)(b)	USD	55		52,731
4.35%, 04/15/29 (Call 01/15/29)	USD	50		44,143
DT Midstream Inc.
4.13%, 06/15/29 (Call 06/15/24)(a)	USD	110		97,636
4.38%, 06/15/31 (Call 06/15/26)(a)	USD	115		99,762
Earthstone Energy Holdings LLC
8.00%, 04/15/27 (Call 04/15/24)(a)	USD	50		49,813
9.88%, 07/15/31(a)(b)	USD	45		46,585
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 04/01/24)(a)	USD	40		34,974
5.50%, 06/01/28 (Call 08/31/23)(a)(b)	USD	80		76,032
Edison International, 8.13%, 06/15/53 (Call 03/15/28),
(5-year CMT + 3.864%)(d)	USD	50		51,192
Emerald Debt Merger Sub LLC
6.38%, 12/15/30 (Call 06/15/26)(c)	EUR	100		109,924
6.63%, 12/15/30 (Call 06/15/26)(a)	USD	260		259,220
Encompass Health Corp.
4.50%, 02/01/28 (Call 08/31/23)	USD	80		74,393
4.63%, 04/01/31 (Call 04/01/26)	USD	60		53,319
4.75%, 02/01/30 (Call 02/01/25)	USD	80		72,710
Encore Capital Group Inc., 4.25%, 06/01/28
(Call 06/01/24)(c)	GBP	100		97,558
Endeavor Energy Resources LP/EER Finance Inc., 5.75%, 01/30/28 (Call 08/31/23)(a)(b)	USD	100		97,500
Energizer Gamma Acquisition BV, 3.50%, 06/30/29
(Call 06/30/24)(c)	EUR	100		89,521
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 09/30/23)(a)(b)	USD	90		78,154
4.75%, 06/15/28 (Call 08/31/23)(a)	USD	60		53,970
EnLink Midstream LLC
5.38%, 06/01/29 (Call 03/01/29)	USD	50		47,763
5.63%, 01/15/28 (Call 07/15/27)(a)	USD	50		48,812
6.50%, 09/01/30 (Call 03/01/30)(a)	USD	95		95,678

Security		Par (000)	Value
United States (continued)
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)	USD	56	$	53,900
4.85%, 07/15/26 (Call 04/15/26)	USD	40		38,864
Entegris Escrow Corp.
4.75%, 04/15/29 (Call 01/15/29)(a)	USD	150		140,119
5.95%, 06/15/30 (Call 06/15/25)(a)(b)	USD	100		95,740
Entegris Inc.
3.63%, 05/01/29 (Call 05/01/24)(a)	USD	35		30,538
4.38%, 04/15/28 (Call 08/11/23)(a)	USD	50		45,688
EQM Midstream Partners LP
4.13%, 12/01/26 (Call 09/01/26)	USD	35		32,833
4.50%, 01/15/29 (Call 07/15/28)(a)(b)	USD	80		73,104
4.75%, 01/15/31 (Call 07/15/30)(a)(b)	USD	135		120,485
5.50%, 07/15/28 (Call 04/15/28)(b)	USD	85		81,847
6.00%, 07/01/25 (Call 04/01/25)(a)	USD	60		59,600
6.50%, 07/01/27 (Call 01/01/27)(a)	USD	75		74,625
7.50%, CALL, 06/01/27 (Call 06/01/24)(a)	USD	40		40,593
7.50%, CALL, 06/01/30 (Call 12/01/29)(a)	USD	50		51,661
Fair Isaac Corp.
4.00%, 06/15/28 (Call 08/16/23)(a)	USD	75		68,813
5.25%, 05/15/26 (Call 02/15/26)(a)	USD	60		58,910
Ferrellgas LP/Ferrellgas Finance Corp.
5.38%, 04/01/26 (Call 08/31/23)(a)	USD	65		61,297
5.88%, 04/01/29 (Call 04/01/24)(a)	USD	95		81,700
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc.
4.63%, 01/15/29 (Call 01/15/25)(a)	USD	100		87,567
6.75%, 01/15/30 (Call 01/15/25)(a)(b)	USD	115		98,612
FirstCash Inc.
4.63%, 09/01/28 (Call 09/01/23)(a)	USD	50		44,658
5.63%, 01/01/30 (Call 01/01/25)(a)	USD	60		55,428
FirstEnergy Corp.
2.65%, 03/01/30 (Call 12/01/29)(b)	USD	55		46,414
Series B, 2.25%, 09/01/30 (Call 06/01/30)	USD	35		28,290
Series B, 4.15%, 07/15/27 (Call 04/15/27)(b)	USD	165		156,154
Ford Credit Canada Co, 2.96%, 09/16/26
(Call 08/16/26)	CAD	100		67,458
Ford Credit Canada Co.
4.46%, 11/13/24	CAD	50		36,867
7.00%, 02/10/26	CAD	100		76,024
7.38%, 05/12/26	CAD	75		57,443
Ford Motor Co.
3.25%, 02/12/32 (Call 11/12/31)	USD	280		221,354
4.35%, 12/08/26 (Call 09/08/26)(b)	USD	25		24,424
6.10%, 08/19/32 (Call 05/19/32)(b)	USD	195		188,618
Ford Motor Credit Co. LLC
2.30%, 02/10/25 (Call 01/10/25)	USD	25		23,439
2.33%, 11/25/25	EUR	100		104,218
2.39%, 02/17/26	EUR	100		104,025
2.70%, 08/10/26 (Call 07/10/26)	USD	210		188,257
2.90%, 02/10/29 (Call 12/10/28)	USD	100		83,500
3.25%, 09/15/25	EUR	100		106,390
3.38%, 11/13/25 (Call 10/13/25)	USD	200		187,189
3.63%, 06/17/31 (Call 03/17/31)	USD	25		20,682
3.82%, 11/02/27 (Call 08/02/27)	USD	120		107,700
4.00%, 11/13/30 (Call 08/13/30)	USD	200		172,047
4.06%, 11/01/24 (Call 10/01/24)	USD	225		218,222
4.13%, 08/04/25	USD	25		23,844
4.39%, 01/08/26	USD	200		190,414
4.54%, 08/01/26 (Call 06/01/26)	USD	100		94,717

 11

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

Security		Par (000)	Value
United States (continued)
4.87%, 08/03/27	EUR	100	$	109,955
4.95%, 05/28/27 (Call 04/28/27)	USD	200		190,117
5.11%, 05/03/29 (Call 02/03/29)	USD	235		219,235
5.13%, 06/16/25 (Call 05/16/25)	USD	365		355,419
6.13%, 05/15/28	EUR	100		114,708
6.80%, 05/12/28 (Call 04/12/28)	USD	200		201,860
6.86%, 06/05/26	GBP	100		126,020
6.95%, 03/06/26 (Call 02/06/26)	USD	150		151,377
7.35%, 11/04/27 (Call 10/04/27)	USD	175		179,735
7.35%, 03/06/30 (Call 01/06/30)	USD	50		51,798
Fortress Transportation and Infrastructure Investors LLC
5.50%, 05/01/28 (Call 05/01/24)(a)	USD	110		101,462
6.50%, 10/01/25 (Call 08/31/23)(a)	USD	56		55,431
9.75%, 08/01/27 (Call 08/11/23)(a)	USD	45		46,838
Freedom Mortgage Corp.
6.63%, 01/15/27(a)	USD	85		74,786
7.63%, 05/01/26	USD	70		64,037
8.13%, 11/15/24 (Call 08/31/23)(a)	USD	20		19,893
8.25%, 04/15/25 (Call 08/31/23)(a)(b)	USD	55		54,416
Frontier Communications Holdings LLC
5.00%, 05/01/28 (Call 05/01/24)(a)	USD	165		139,837
5.88%, 10/15/27 (Call 10/15/23)(a)(b)	USD	135		123,612
5.88%, 11/01/29 (Call 11/01/24)	USD	75		54,760
6.00%, 01/15/30 (Call 10/15/24)(a)(b)	USD	115		83,519
6.75%, 05/01/29 (Call 05/01/24)(a)(b)	USD	85		65,967
8.63%, 03/15/31 (Call 03/15/26)(a)	USD	65		62,124
8.75%, 05/15/30 (Call 05/15/25)(a)(b)	USD	125		121,045
FXI Holdings Inc.
7.88%, 11/01/24 (Call 08/31/23)(a)	USD	2		1,810
12.25%, 11/15/26 (Call 08/31/23)(a)	USD	84		78,133
12.25%, 11/15/26(b)	USD	74		68,413
Gap Inc. (The)
3.63%, 10/01/29 (Call 10/01/24)(a)	USD	70		52,150
3.88%, 10/01/31 (Call 10/01/26)(a)(b)	USD	89		63,635
Gartner Inc.
3.63%, 06/15/29 (Call 06/15/24)(a)	USD	65		57,328
3.75%, 10/01/30 (Call 10/01/25)(a)	USD	100		87,284
4.50%, 07/01/28 (Call 08/31/23)(a)	USD	85		79,415
Gen Digital Inc., 5.00%, 04/15/25 (Call 08/11/23)(a)	USD	125		123,261
Genesis Energy LP/Genesis Energy Finance Corp.
6.50%, 10/01/25 (Call 08/31/23)	USD	55		54,424
7.75%, 02/01/28 (Call 08/31/23)	USD	90		87,412
8.00%, 01/15/27 (Call 01/15/24)	USD	105		103,350
8.88%, 04/15/30 (Call 04/15/26)(b)	USD	30		29,923
Global Atlantic Fin Co., 4.70%, 10/15/51
(Call 07/15/26), (5-year CMT + 3.796%)(a)(d)	USD	70		50,571
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 03/01/24)(a)	USD	85		73,100
5.25%, 12/01/27 (Call 08/31/23)(a)	USD	65		62,270
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)(b)	USD	75		71,954
5.00%, 05/31/26 (Call 08/31/23)(b)	USD	90		87,457
5.00%, 07/15/29 (Call 04/15/29)(b)	USD	70		64,547
5.25%, 04/30/31 (Call 01/30/31)(b)	USD	60		54,428
5.25%, 07/15/31 (Call 04/15/31)(b)	USD	65		58,076
5.63%, 04/30/33 (Call 01/30/33)(b)	USD	55		49,229
9.50%, 05/31/25 (Call 08/16/23)	USD	70		71,827

Security		Par (000)	Value
United States (continued)
Grand Canyon University
4.13%, 10/01/24	USD	50	$	47,375
5.13%, 10/01/28 (Call 08/01/28)	USD	35		31,736
Graphic Packaging International LLC
3.50%, 03/15/28(a)(b)	USD	35		31,441
3.75%, 02/01/30 (Call 08/01/29)(a)	USD	30		26,096
Gray Escrow II Inc., 5.38%, 11/15/31
(Call 11/15/26)(a)(b)	USD	120		83,138
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)(a)(b)	USD	85		59,670
5.88%, 07/15/26 (Call 08/31/23)(a)	USD	75		67,500
7.00%, 05/15/27 (Call 08/11/23)(a)(b)	USD	75		64,875
GTCR AP Finance Inc., 8.00%, 05/15/27
(Call 08/31/23)(a)	USD	25		24,789
H&E Equipment Services Inc., 3.88%, 12/15/28
(Call 12/15/23)(a)(b)	USD	125		109,889
Hanesbrands Inc.
4.88%, 05/15/26 (Call 02/15/26)(a)(b)	USD	100		93,653
9.00%, 02/15/31 (Call 02/15/26)(a)(b)	USD	75		76,725
HAT Holdings I LLC/HAT Holdings II LLC
3.38%, 06/15/26 (Call 03/15/26)(a)	USD	130		117,351
6.00%, 04/15/25 (Call 08/31/23)(a)(b)	USD	50		49,283
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26
(Call 01/20/24)(a)	USD	100		94,358
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 09/01/23)(a)	USD	65		61,901
Herc Holdings Inc., 5.50%, 07/15/27
(Call 08/31/23)(a)(b)	USD	110		105,706
Hertz Corp. (The)
4.63%, 12/01/26 (Call 12/01/23)(a)	USD	60		54,176
5.00%, 12/01/29 (Call 12/01/24)(a)(b)	USD	100		82,625
Hess Midstream Operations LP
4.25%, 02/15/30 (Call 02/15/25)(a)(b)	USD	95		83,478
5.13%, 06/15/28 (Call 08/31/23)(a)(b)	USD	45		42,674
5.50%, 10/15/30 (Call 10/15/25)(a)	USD	35		32,900
5.63%, 02/15/26 (Call 08/31/23)(a)	USD	75		73,875
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD	55		51,042
6.00%, 04/15/30 (Call 04/15/25)(a)	USD	45		41,561
6.00%, 02/01/31 (Call 02/01/26)(a)	USD	80		73,024
6.25%, 11/01/28 (Call 11/01/23)(a)	USD	50		47,867
6.25%, 04/15/32 (Call 05/15/27)(a)	USD	50		45,617
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)(a)	USD	165		138,600
3.75%, 05/01/29 (Call 05/01/24)(a)	USD	100		89,116
4.00%, 05/01/31 (Call 05/01/26)(a)(b)	USD	100		87,250
4.88%, 01/15/30 (Call 01/15/25)	USD	105		98,393
5.38%, 05/01/25 (Call 08/11/23)(a)	USD	35		34,770
5.75%, 05/01/28 (Call 08/31/23)(a)	USD	50		49,233
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc
4.88%, 07/01/31 (Call 07/01/26)(a)(b)	USD	55		46,956
5.00%, 06/01/29 (Call 06/01/24)(a)(b)	USD	80		71,380
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 08/16/23)	USD	60		57,975
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)(a)	USD	55		41,800

12

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

Security		Par (000)	Value
United States (continued)
Hologic Inc.
3.25%, 02/15/29 (Call 09/28/23)(a)	USD	100	$	87,500
4.63%, 02/01/28 (Call 08/31/23)(a)	USD	50		47,446
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 02/01/24)(a)	USD	65		54,890
4.38%, 02/01/31 (Call 02/01/26)(a)	USD	65		53,571
5.38%, 08/01/28 (Call 08/31/23)(a)	USD	75		68,668
Howmet Aerospace Inc.
3.00%, 01/15/29 (Call 11/15/28)	USD	75		65,469
5.13%, 10/01/24 (Call 07/01/24)	USD	86		85,227
6.88%, 05/01/25 (Call 04/01/25)	USD	55		55,740
Hub International Ltd.
5.63%, 12/01/29 (Call 12/01/24)(a)	USD	40		35,769
7.00%, 05/01/26 (Call 08/11/23)(a)	USD	150		149,700
HUB International Ltd., 7.25%, 06/15/30
(Call 06/15/26)(a)	USD	235		239,205
Hughes Satellite Systems Corp.
5.25%, 08/01/26(b)	USD	70		65,338
6.63%, 08/01/26(b)	USD	75		67,715
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%, 02/01/29 (Call 08/01/28)	USD	85		69,092
4.75%, 09/15/24 (Call 06/15/24)	USD	75		72,484
5.25%, 05/15/27 (Call 11/15/26)	USD	142		124,948
6.25%, 05/15/26 (Call 08/31/23)	USD	130		121,866
6.38%, 12/15/25 (Call 08/31/23)	USD	70		67,011
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 08/31/23)(a)(b)	USD	50		38,379
5.25%, 08/15/27 (Call 08/16/23)(a)(b)	USD	70		55,038
6.38%, 05/01/26 (Call 08/16/23)	USD	75		64,655
8.38%, 05/01/27 (Call 08/16/23)(b)	USD	120		82,050
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/15/24)(a)	USD	200		175,856
Intelsat Jackson Holdings SA, 6.50%, 03/15/30
(Call 03/15/25)(a)	USD	290		264,416
International Game Technology PLC
4.13%, 04/15/26 (Call 08/31/23)(a)	USD	75		71,265
5.25%, 01/15/29 (Call 01/15/24)(a)	USD	75		71,146
6.25%, 01/15/27 (Call 07/15/26)(a)	USD	85		85,021
6.50%, 02/15/25 (Call 08/15/24)(a)	USD	40		39,932
IQVIA Inc.
2.88%, 09/15/25 (Call 08/10/23)(c)	EUR	100		106,670
2.88%, 06/15/28 (Call 08/10/23)(c)	EUR	200		201,608
5.00%, 10/15/26 (Call 08/31/23)(a)	USD	50		48,585
5.00%, 05/15/27 (Call 08/31/23)(a)	USD	135		130,336
6.50%, 05/15/30 (Call 05/15/26)(a)	USD	75		75,777
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)(a)	USD	110		94,776
4.88%, 09/15/27 (Call 08/11/23)(a)	USD	110		103,202
4.88%, 09/15/29 (Call 09/15/24)(a)	USD	95		85,737
5.00%, 07/15/28 (Call 08/11/23)(a)(b)	USD	65		60,226
5.25%, 03/15/28 (Call 08/11/23)(a)	USD	65		61,047
5.25%, 07/15/30 (Call 07/15/25)(a)	USD	135		121,804
5.63%, 07/15/32 (Call 07/15/26)(a)	USD	60		53,995
7.00%, 02/15/29	USD	100		100,312
Iron Mountain Information Management Services Inc.,
5.00%, 07/15/32 (Call 07/15/27)(a)	USD	80		68,951
Iron Mountain UK PLC, 3.88%, 11/15/25
(Call 08/10/23)(c)	GBP	100		120,243
ITT Holdings LLC, 6.50%, 08/01/29 (Call 08/01/24)(a)	USD	140		120,457
Jazz Securities DAC, 4.38%, 01/15/29
(Call 07/15/24)(a)	USD	155		137,841

Security		Par (000)	Value
United States (continued)
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(a)	USD	100	$	85,563
Jeld-Wen Inc.
4.63%, 12/15/25 (Call 08/31/23)(a)(b)	USD	50		49,087
4.88%, 12/15/27 (Call 08/31/23)(a)(b)	USD	50		44,800
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)(a)	USD	60		49,163
4.63%, 03/01/28 (Call 08/31/23)(a)(b)	USD	50		44,913
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 03/01/24)	USD	55		44,763
4.75%, 02/01/30 (Call 09/01/24)	USD	50		39,021
5.00%, 03/01/31 (Call 03/01/26)(b)	USD	61		47,275
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 08/31/23)(a)	USD	75		72,498
Kinetik Holdings LP, 5.88%, 06/15/30 (Call 06/15/25)(a)	USD	125		120,156
Kleopatra Holdings 2 SCA, 6.50%, 09/01/26
(Call 03/01/24)(c)	EUR	100		70,289
Kohl’s Corp., 4.63%, 05/01/31 (Call 02/01/31)	USD	50		36,705
LABL Inc.
5.88%, 11/01/28 (Call 11/01/24)(a)(b)	USD	45		41,202
6.75%, 07/15/26 (Call 08/11/23)(a)	USD	65		63,838
8.25%, 11/01/29 (Call 11/01/24)(a)	USD	45		37,399
10.50%, 07/15/27 (Call 08/11/23)(a)	USD	85		81,066
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 08/31/23)(a)	USD	70		62,933
4.75%, 06/15/29 (Call 06/15/24)(a)	USD	53		44,653
Lamar Media Corp.
3.63%, 01/15/31 (Call 01/15/26)	USD	80		67,657
3.75%, 02/15/28 (Call 08/16/23)	USD	50		45,625
4.00%, 02/15/30 (Call 02/15/25)	USD	60		52,924
4.88%, 01/15/29 (Call 01/15/24)(b)	USD	50		46,875
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)(a)	USD	105		92,727
4.38%, 01/31/32 (Call 01/31/27)(a)(b)	USD	70		61,425
4.88%, 05/15/28 (Call 11/15/27)(a)(b)	USD	40		37,950
Laredo Petroleum Inc., 9.50%, 01/15/25
(Call 08/31/23)(b)	USD	50		49,750
Las Vegas Sands Corp.
2.90%, 06/25/25 (Call 05/25/25)	USD	50		47,053
3.20%, 08/08/24 (Call 07/08/24)	USD	175		170,056
3.50%, 08/18/26 (Call 06/18/26)	USD	110		102,569
3.90%, 08/08/29 (Call 05/08/29)	USD	75		67,211
LBM Acquisition LLC, 6.25%, 01/15/29
(Call 01/15/24)(a)	USD	95		81,880
LCM Investments Holdings II LLC
4.88%, 05/01/29 (Call 05/01/24)(a)	USD	125		109,062
8.25%, 08/01/31 (Call 08/01/26)(a)	USD	40		40,634
LCPR Senior Secured Financing DAC
5.13%, 07/15/29 (Call 07/15/24)(a)	USD	75		62,202
6.75%, 10/15/27 (Call 08/31/23)(a)	USD	115		108,069
LD Holdings Group LLC
6.13%, 04/01/28 (Call 04/01/24)(a)	USD	40		26,168
6.50%, 11/01/25 (Call 08/31/23)(a)	USD	50		41,740
Legacy LifePoint Health LLC
4.38%, 02/15/27 (Call 08/31/23)(a)	USD	60		51,750
6.75%, 04/15/25 (Call 08/31/23)(a)(b)	USD	35		35,569
Level 3 Financing Inc.
3.63%, 01/15/29 (Call 01/15/24)(a)	USD	85		55,790
3.75%, 07/15/29 (Call 01/15/24)(a)	USD	115		75,246

 13

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

Security		Par (000)	Value
United States (continued)
3.88%, 11/15/29 (Call 08/15/29)(a)	USD	75	$	63,833
4.25%, 07/01/28 (Call 08/31/23)(a)	USD	125		88,510
4.63%, 09/15/27 (Call 08/31/23)(a)(b)	USD	95		72,182
10.50%, 05/15/30 (Call 05/15/26)(a)	USD	95		98,422
Liberty Mutual Group Inc.
4.13%, 12/15/51 (Call 09/15/26),
(5-year CMT + 3.315%)(a)(d)	USD	50		40,111
4.30%, 02/01/61 (Call 02/01/26)(a)	USD	75		47,123
Life Time Inc.
5.75%, 01/15/26 (Call 08/31/23)(a)	USD	103		101,061
8.00%, 04/15/26 (Call 08/31/23)(a)(b)	USD	45		45,029
Lifepoint Health Inc., 5.38%, 01/15/29
(Call 01/15/24)(a)	USD	45		31,995
LifePoint Health Inc., 9.88%, 08/15/30	USD	65		65,000
Lithia Motors Inc.
3.88%, 06/01/29 (Call 06/01/24)(a)(b)	USD	95		81,819
4.38%, 01/15/31 (Call 10/15/25)(a)	USD	40		34,400
4.63%, 12/15/27 (Call 08/31/23)(a)	USD	50		46,496
Live Nation Entertainment Inc.
3.75%, 01/15/28 (Call 01/15/24)(a)	USD	60		53,745
4.75%, 10/15/27 (Call 08/31/23)(a)(b)	USD	95		88,587
4.88%, 11/01/24 (Call 08/31/23)(a)(b)	USD	50		49,125
6.50%, 05/15/27 (Call 08/31/23)(a)	USD	135		135,422
Lumen Technologies Inc.
4.00%, 02/15/27 (Call 08/31/23)(a)	USD	150		98,625
4.50%, 01/15/29 (Call 01/15/24)(a)(b)	USD	55		22,638
Macy’s Retail Holdings LLC
5.88%, 04/01/29 (Call 04/01/24)(a)(b)	USD	40		37,140
5.88%, 03/15/30 (Call 03/15/25)(a)(b)	USD	35		31,588
6.13%, 03/15/32 (Call 03/15/27)(a)(b)	USD	45		40,325
Madison IAQ LLC
4.13%, 06/30/28 (Call 06/30/24)(a)	USD	75		66,865
5.88%, 06/30/29 (Call 06/30/24)(a)	USD	105		87,798
Matador Resources Co., 6.88%, 04/15/28(b)	USD	45		44,764
Match Group Holdings II LLC
3.63%, 10/01/31 (Call 10/01/26)(a)(b)	USD	35		28,788
4.13%, 08/01/30 (Call 05/01/25)(a)(b)	USD	60		51,585
4.63%, 06/01/28 (Call 08/31/23)(a)	USD	60		55,728
5.00%, 12/15/27 (Call 08/31/23)(a)	USD	50		47,375
Mauser Packaging Solutions Holding Co.
7.88%, 08/15/26 (Call 08/15/24)(a)	USD	275		273,642
9.25%, 04/15/27 (Call 10/15/24)(a)(b)	USD	135		125,212
McGraw-Hill Education Inc.
5.75%, 08/01/28 (Call 08/01/24)(a)	USD	100		87,889
8.00%, 08/01/29 (Call 08/01/24)(a)	USD	70		60,051
Mercer International Inc., 5.13%, 02/01/29
(Call 02/01/24)(b)	USD	85		69,687
Meritage Homes Corp.
3.88%, 04/15/29 (Call 10/15/28)(a)	USD	50		44,847
6.00%, 06/01/25 (Call 03/01/25)	USD	35		35,109
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)	USD	47		44,513
4.75%, 10/15/28 (Call 07/15/28)(b)	USD	90		83,137
5.50%, 04/15/27 (Call 01/15/27)	USD	61		58,915
5.75%, 06/15/25 (Call 03/15/25)	USD	65		64,309
6.75%, 05/01/25 (Call 08/31/23)	USD	60		60,300
Michaels Companies Inc. (The)
5.25%, 05/01/28 (Call 11/01/23)(a)(b)	USD	90		76,500
7.88%, 05/01/29 (Call 05/01/24)(a)	USD	115		81,190

Security		Par (000)	Value
United States (continued)
Midcap Financial Issuer Trust
5.63%, 01/15/30 (Call 01/15/25)(a)	USD	50	$	40,000
6.50%, 05/01/28 (Call 05/01/24)(a)	USD	90		79,690
Minerva Merger Sub Inc., 6.50%, 02/15/30
(Call 02/15/25)(a)(b)	USD	240		203,709
ModivCare Escrow Issuer Inc., 5.00%, 10/01/29
(Call 10/01/24)(a)(b)	USD	60		43,036
ModivCare Inc., 5.88%, 11/15/25 (Call 08/31/23)(a)(b)	USD	50		46,390
Mohegan Gaming & Entertainment, 8.00%, 02/01/26
(Call 08/31/23)(a)	USD	100		92,475
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)(a)	USD	65		55,575
3.88%, 05/15/32 (Call 02/15/32)(a)	USD	85		70,949
4.38%, 06/15/28 (Call 08/31/23)(a)	USD	55		50,460
Moss Creek Resources Holdings Inc.
7.50%, 01/15/26 (Call 08/31/23)(a)	USD	70		65,478
10.50%, 05/15/27 (Call 08/31/23)(a)	USD	75		73,346
Mozart Debt Merger Sub Inc.
3.88%, 04/01/29 (Call 10/01/24)(a)	USD	455		398,125
5.25%, 10/01/29 (Call 10/01/24)(a)(b)	USD	265		234,920
MPH Acquisition Holdings LLC
5.50%, 09/01/28 (Call 09/01/24)(a)	USD	100		86,875
5.75%, 11/01/28 (Call 11/01/23)(a)(b)	USD	115		88,119
MPT Operating Partnership LP/MPT Finance Corp.
3.33%, 03/24/25 (Call 12/24/24)	EUR	100		99,597
3.38%, 04/24/30 (Call 01/24/30)	GBP	125		106,376
3.50%, 03/15/31 (Call 03/15/26)	USD	135		97,200
4.63%, 08/01/29 (Call 08/01/24)(b)	USD	100		79,293
5.00%, 10/15/27 (Call 08/31/23)(b)	USD	150		131,437
5.25%, 08/01/26 (Call 08/31/23)(b)	USD	40		36,945
Murphy Oil Corp.
5.88%, 12/01/27 (Call 08/16/23)(b)	USD	30		29,655
6.38%, 07/15/28 (Call 07/15/24)	USD	60		59,518
Murphy Oil USA Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	80		67,900
4.75%, 09/15/29 (Call 09/15/24)	USD	50		45,990
Nabors Industries Inc.
5.75%, 02/01/25 (Call 11/01/24)	USD	45		44,100
7.38%, 05/15/27 (Call 05/15/24)(a)	USD	60		58,773
Nabors Industries Ltd., 7.25%, 01/15/26
(Call 08/31/23)(a)	USD	60		57,853
Nationstar Mortgage Holdings Inc.
5.13%, 12/15/30 (Call 12/15/25)(a)	USD	55		46,556
5.50%, 08/15/28 (Call 08/31/23)(a)(b)	USD	75		67,687
5.75%, 11/15/31 (Call 11/15/26)(a)	USD	85		72,362
6.00%, 01/15/27 (Call 08/31/23)(a)	USD	65		62,217
Navient Corp.
4.88%, 03/15/28 (Call 06/15/27)	USD	55		47,977
5.00%, 03/15/27 (Call 09/15/26)	USD	85		76,914
5.50%, 03/15/29 (Call 06/15/28)	USD	65		56,128
5.88%, 10/25/24	USD	50		49,563
6.75%, 06/25/25	USD	50		49,489
6.75%, 06/15/26	USD	50		48,821
9.38%, 07/25/30 (Call 10/25/29)	USD	45		45,268
NCL Corp. Ltd.
3.63%, 12/15/24 (Call 08/11/23)(a)	USD	50		48,000
5.88%, 03/15/26 (Call 12/15/25)(a)	USD	155		146,862
5.88%, 02/15/27 (Call 02/15/24)(a)	USD	95		92,344
7.75%, 02/15/29 (Call 11/15/28)(a)(b)	USD	55		52,637
8.38%, 02/01/28 (Call 02/01/25)(a)	USD	65		67,711

14

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

Security		Par (000)	Value
United States (continued)
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(a)(b)	USD	50	$	45,500
NCR Corp.
5.00%, 10/01/28 (Call 10/01/23)(a)	USD	70		63,445
5.13%, 04/15/29 (Call 04/15/24)(a)(b)	USD	135		120,776
5.25%, 10/01/30 (Call 10/01/25)(a)	USD	40		35,422
5.75%, 09/01/27 (Call 08/11/23)(a)	USD	40		40,216
6.13%, 09/01/29 (Call 09/01/24)(a)(b)	USD	60		60,966
Neptune Bidco U.S. Inc., 9.29%, 04/15/29
(Call 10/15/25)(a)	USD	270		248,400
New Fortress Energy Inc.
6.50%, 09/30/26 (Call 08/31/23)(a)	USD	160		146,800
6.75%, 09/15/25 (Call 08/21/23)(a)	USD	125		119,029
Newell Brands Inc.
4.45%, 04/01/26 (Call 01/01/26)	USD	195		185,743
4.88%, 06/01/25 (Call 05/01/25)	USD	50		48,399
6.38%, 09/15/27 (Call 06/15/27)(b)	USD	60		59,243
6.63%, 09/15/29 (Call 06/15/29)(b)	USD	60		59,851
News Corp.
3.88%, 05/15/29 (Call 05/15/24)(a)	USD	110		97,139
5.13%, 02/15/32 (Call 02/15/27)(a)(b)	USD	60		54,900
Nexstar Media Inc.
4.75%, 11/01/28 (Call 11/01/23)(a)	USD	95		83,754
5.63%, 07/15/27 (Call 08/11/23)(a)	USD	175		164,741
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)(a)	USD	75		70,060
4.50%, 09/15/27 (Call 06/15/27)(a)	USD	60		56,157
NFP Corp.
4.88%, 08/15/28 (Call 08/31/23)(a)(b)	USD	60		54,175
6.88%, 08/15/28 (Call 08/31/23)(a)	USD	195		172,819
NGL Energy Operating LLC/NGL Energy Finance Corp., 7.50%, 02/01/26 (Call 08/31/23)(a)	USD	195		192,592
NMG Holding Co. Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26 (Call 08/31/23)(a)	USD	110		102,719
Nordstrom Inc.
4.25%, 08/01/31 (Call 05/01/31)	USD	50		39,433
4.38%, 04/01/30 (Call 01/01/30)	USD	55		46,173
Northern Oil and Gas Inc., 8.75%, 06/15/31	USD	65		65,702
NortonLifeLock Inc.
6.75%, 09/30/27 (Call 09/30/24)(a)	USD	85		85,188
7.13%, 09/30/30 (Call 09/30/25)(a)(b)	USD	65		65,419
Novelis Corp.
3.25%, 11/15/26 (Call 11/15/23)(a)	USD	80		72,762
3.88%, 08/15/31 (Call 08/15/26)(a)(b)	USD	70		58,438
4.75%, 01/30/30 (Call 01/30/25)(a)	USD	170		152,644
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29
(Call 04/15/24)(c)	EUR	100		96,544
NRG Energy Inc.
3.38%, 02/15/29 (Call 02/15/24)(a)	USD	60		49,500
3.63%, 02/15/31 (Call 02/15/26)(a)	USD	130		101,923
3.88%, 02/15/32 (Call 02/15/27)(a)	USD	120		92,850
5.25%, 06/15/29 (Call 06/15/24)(a)	USD	65		58,663
5.75%, 01/15/28 (Call 08/16/23)(b)	USD	55		52,277
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)(b)	USD	60		58,337
5.75%, 10/01/25 (Call 07/01/25)	USD	55		54,224
6.00%, 06/01/26 (Call 03/01/26)	USD	60		59,180
6.38%, 10/01/30 (Call 04/01/30)	USD	60		57,825
Office Properties Income Trust
3.45%, 10/15/31 (Call 07/15/31)	USD	45		23,423
4.50%, 02/01/25 (Call 11/01/24)	USD	45		39,613

Security		Par (000)	Value
United States (continued)
OI European Group BV
4.75%, 02/15/30 (Call 11/15/24)(a)	USD	40	$	36,220
6.25%, 05/15/28 (Call 05/15/25)(c)	EUR	100		113,268
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)(b)	USD	75		69,187
5.13%, 09/15/27 (Call 08/31/23)(b)	USD	40		38,312
5.63%, 08/01/29 (Call 08/01/24)(b)	USD	60		58,088
Olympus Water U.S. Holding Corp.
3.88%, 10/01/28 (Call 10/01/24)(c)	EUR	100		86,843
4.25%, 10/01/28 (Call 10/01/24)(a)	USD	125		101,125
9.75%, 11/15/28 (Call 06/01/25)(a)	USD	200		194,091
OneMain Finance Corp.
3.50%, 01/15/27 (Call 01/15/24)	USD	75		65,054
3.88%, 09/15/28 (Call 09/15/24)(b)	USD	60		49,478
4.00%, 09/15/30 (Call 09/15/25)(b)	USD	100		78,683
5.38%, 11/15/29 (Call 05/15/29)	USD	70		60,885
6.63%, 01/15/28 (Call 07/15/27)(b)	USD	85		80,672
6.88%, 03/15/25	USD	120		119,490
7.13%, 03/15/26	USD	160		158,350
9.00%, 01/15/29 (Call 07/15/25)(b)	USD	60		60,906
Organon & Co./Organon Foreign Debt Co.-Issuer BV
4.13%, 04/30/28 (Call 04/30/24)(a)	USD	225		201,880
5.13%, 04/30/31 (Call 04/30/26)(a)	USD	200		169,583
2.88%, 04/30/28 (Call 04/30/24)(c)	EUR	150		145,090
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.25%, 01/15/29 (Call 01/15/24)(a)(b)	USD	60		50,635
4.63%, 03/15/30 (Call 03/15/25)(a)(b)	USD	50		41,830
5.00%, 08/15/27 (Call 08/11/23)(a)(b)	USD	80		73,742
6.25%, 06/15/25 (Call 08/31/23)(a)	USD	30		29,906
Owens & Minor Inc.
4.50%, 03/31/29 (Call 03/31/24)(a)(b)	USD	50		43,113
6.63%, 04/01/30 (Call 04/01/25)(a)(b)	USD	50		45,936
Owens-Brockway Glass Container Inc.
6.63%, 05/13/27 (Call 08/31/23)(a)(b)	USD	60		59,816
7.25%, 05/15/31(b)	USD	80		81,147
Pactiv Evergreen Group Issuer Inc./Pactiv Evergreen Group Issuer LLC/Reynolds Gro, 4.00%, 10/15/27
(Call 10/15/23)(a)(b)	USD	115		103,917
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc., 4.38%, 10/15/28
(Call 10/15/24)(a)	USD	65		57,598
Paramount Global
6.25%, 02/28/57 (Call 02/28/27),
(3-mo. LIBOR US + 3.899%)(d)	USD	55		43,038
6.38%, 03/30/62 (Call 03/30/27),
(5-year CMT + 3.999%)(b)(d)	USD	95		77,781
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
4.88%, 05/15/29 (Call 05/15/24)(a)	USD	70		61,097
5.88%, 10/01/28 (Call 10/01/23)(a)(b)	USD	75		69,339
7.50%, 06/01/25 (Call 08/31/23)(a)	USD	60		60,346
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28 (Call 08/31/23)	USD	70		66,086
7.25%, 06/15/25 (Call 08/31/23)	USD	70		69,973
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 02/15/24)(a)	USD	75		61,875
5.38%, 10/15/25 (Call 08/31/23)(a)	USD	50		47,869
5.75%, 09/15/31 (Call 09/15/26)(a)	USD	45		37,933

 15

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

Security		Par (000)	Value
United States (continued)
Penske Automotive Group Inc.
3.50%, 09/01/25 (Call 08/11/23)(b)	USD	55	$	52,473
3.75%, 06/15/29 (Call 06/15/24)	USD	50		43,250
Performance Food Group Inc.
4.25%, 08/01/29 (Call 08/01/24)(a)(b)	USD	105		93,244
5.50%, 10/15/27 (Call 08/31/23)(a)	USD	120		116,294
Perrigo Finance Unlimited Co.
3.90%, 12/15/24 (Call 09/15/24)	USD	65		62,985
4.38%, 03/15/26 (Call 12/15/25)	USD	65		61,425
4.65%, 06/15/30 (Call 03/15/30)	USD	85		75,937
PetSmart Inc./PetSmart Finance Corp.
4.75%, 02/15/28 (Call 02/15/24)(a)	USD	150		137,538
7.75%, 02/15/29 (Call 02/15/24)(a)	USD	125		121,767
PG&E Corp.
5.00%, 07/01/28 (Call 08/11/23)(b)	USD	85		78,646
5.25%, 07/01/30 (Call 07/01/25)(b)	USD	105		94,710
Picasso Finance Sub Inc., 6.13%, 06/15/25
(Call 08/16/23)(a)	USD	55		54,811
Pilgrim’s Pride Corp.
3.50%, 03/01/32 (Call 09/01/26)	USD	100		80,535
4.25%, 04/15/31 (Call 04/15/26)	USD	90		77,850
5.88%, 09/30/27 (Call 08/31/23)(a)	USD	80		79,049
6.25%, 07/01/33	USD	100		99,300
Post Holdings Inc.
4.50%, 09/15/31 (Call 09/15/26)(a)	USD	125		106,302
4.63%, 04/15/30 (Call 04/15/25)(a)	USD	155		136,750
5.50%, 12/15/29 (Call 12/15/24)(a)	USD	130		120,709
5.63%, 01/15/28 (Call 08/16/23)(a)	USD	90		86,933
5.75%, 03/01/27 (Call 08/16/23)(a)	USD	50		49,022
PRA Group Inc., 8.38%, 02/01/28 (Call 02/01/25)(a)	USD	40		36,513
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.
5.63%, 09/01/29 (Call 09/01/24)(a)	USD	65		49,424
5.88%, 09/01/31 (Call 09/01/26)(a)	USD	85		62,892
Presidio Holdings Inc.
4.88%, 02/01/27 (Call 08/31/23)(a)	USD	75		70,687
8.25%, 02/01/28 (Call 08/31/23)(a)	USD	55		53,334
Prestige Brands Inc.
3.75%, 04/01/31 (Call 04/01/26)(a)	USD	85		71,358
5.13%, 01/15/28 (Call 08/31/23)(a)	USD	35		33,559
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)(a)	USD	105		92,662
5.75%, 04/15/26(a)	USD	135		132,137
6.25%, 01/15/28 (Call 08/31/23)(a)(b)	USD	130		122,446
PTC Inc.
3.63%, 02/15/25 (Call 08/31/23)(a)	USD	75		72,470
4.00%, 02/15/28 (Call 08/31/23)(a)	USD	50		46,126
QVC Inc.
4.38%, 09/01/28 (Call 06/01/28)	USD	65		36,813
4.45%, 02/15/25 (Call 11/15/24)(b)	USD	85		72,360
4.75%, 02/15/27 (Call 11/15/26)	USD	45		29,129
Rackspace Technology Global Inc.
3.50%, 02/15/28 (Call 02/15/24)(a)	USD	70		31,150
5.38%, 12/01/28 (Call 12/01/23)(a)(b)	USD	70		19,600
Radiate Holdco LLC/Radiate Finance Inc.
4.50%, 09/15/26 (Call 09/15/23)(a)	USD	90		72,472
6.50%, 09/15/28 (Call 09/15/23)(a)	USD	115		69,287
Radiology Partners Inc., 9.25%, 02/01/28
(Call 08/31/23)(a)(b)	USD	60		24,240

Security		Par (000)	Value
United States (continued)
Range Resources Corp.
4.75%, 02/15/30 (Call 02/15/25)(a)(b)	USD	35	$	32,113
4.88%, 05/15/25 (Call 02/15/25)(b)	USD	95		93,231
8.25%, 01/15/29 (Call 01/15/24)	USD	80		83,091
Realogy Group LLC/Realogy Co-Issuer Corp.
5.25%, 04/15/30 (Call 04/15/25)(a)	USD	100		71,762
5.75%, 01/15/29 (Call 01/15/24)(a)	USD	105		77,700
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 08/31/23)(a)(b)	USD	180		168,750
RHP Hotel Properties LP/RHP Finance Corp.
4.50%, 02/15/29 (Call 02/15/24)(a)(b)	USD	60		53,443
4.75%, 10/15/27 (Call 08/31/23)	USD	90		84,677
7.25%, 07/15/28(b)	USD	40		40,748
Rite Aid Corp., 8.00%, 11/15/26 (Call 08/31/23)(a)	USD	54		27,000
RLJ Lodging Trust LP
3.75%, 07/01/26 (Call 08/31/23)(a)	USD	50		46,154
4.00%, 09/15/29 (Call 09/15/24)(a)(b)	USD	65		54,438
ROBLOX Corp., 3.88%, 05/01/30 (Call 11/01/24)(a)(b)	USD	115		97,219
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc.
2.88%, 10/15/26 (Call 10/15/23)(a)	USD	120		106,769
3.63%, 03/01/29 (Call 03/01/24)(a)	USD	55		46,858
3.88%, 03/01/31 (Call 03/01/26)(a)(b)	USD	130		106,948
4.00%, 10/15/33 (Call 10/15/27)(a)(b)	USD	90		71,865
Rockies Express Pipeline LLC
3.60%, 05/15/25 (Call 04/15/25)(a)	USD	50		47,483
4.95%, 07/15/29 (Call 04/15/29)(a)	USD	70		64,034
RP Escrow Issuer LLC, 5.25%, 12/15/25
(Call 08/31/23)(a)	USD	95		65,334
Sabre GLBL Inc.
7.38%, 09/01/25 (Call 08/31/23)(a)(b)	USD	100		90,250
11.25%, 12/15/27 (Call 06/15/25)(a)(b)	USD	85		75,199
SBA Communications Corp.
3.13%, 02/01/29 (Call 02/01/24)(b)	USD	165		139,012
3.88%, 02/15/27 (Call 08/11/23)(b)	USD	145		133,625
Scientific Games International Inc.
7.00%, 05/15/28 (Call 08/31/23)(a)	USD	105		104,895
7.25%, 11/15/29 (Call 11/15/24)(a)	USD	75		74,953
8.63%, 07/01/25 (Call 08/16/23)(a)(b)	USD	35		35,765
SCIH Salt Holdings Inc.
4.88%, 05/01/28 (Call 05/01/24)(a)(b)	USD	125		112,267
6.63%, 05/01/29 (Call 05/01/24)(a)	USD	75		65,695
SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 07/15/28
(Call 07/15/25)(c)	EUR	100		111,844
Scotts Miracle-Gro Co. (The)
4.00%, 04/01/31 (Call 04/01/26)	USD	45		36,478
4.38%, 02/01/32 (Call 08/01/26)	USD	40		32,626
4.50%, 10/15/29 (Call 10/15/24)(b)	USD	45		39,601
Scripps Escrow II Inc., 3.88%, 01/15/29
(Call 01/15/24)(a)(b)	USD	45		37,275
Scripps Escrow Inc., 5.88%, 07/15/27
(Call 08/31/23)(a)	USD	50		41,625
Seagate HDD Cayman
4.09%, 06/01/29 (Call 03/01/29)(b)	USD	35		30,721
4.88%, 06/01/27 (Call 03/01/27)(b)	USD	60		57,660
8.25%, 12/15/29 (Call 07/15/26)(a)(b)	USD	55		57,732
8.50%, 07/15/31 (Call 07/15/26)(a)	USD	55		57,608
9.63%, 12/01/32 (Call 12/01/27)(a)	USD	87		96,303
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)(a)(b)	USD	48		44,298
5.00%, 04/15/29 (Call 04/15/25)(a)	USD	50		46,721

16

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

Security		Par (000)	Value
United States (continued)
5.13%, 12/01/24 (Call 09/01/24)(a)	USD	30	$	29,678
5.50%, 09/15/25 (Call 06/15/25)(a)(b)	USD	60		59,267
Sealed Air Corp./Sealed Air Corp. US, 6.13%, 02/01/28 (Call 02/01/25)(a)	USD	70		69,860
Select Medical Corp., 6.25%, 08/15/26
(Call 08/31/23)(a)(b)	USD	115		113,988
Sensata Technologies BV
4.00%, 04/15/29 (Call 04/15/24)(a)	USD	95		84,111
5.88%, 09/01/30 (Call 09/01/25)(a)(b)	USD	75		72,231
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	80		67,578
4.38%, 02/15/30 (Call 11/15/29)(a)	USD	40		35,558
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)	USD	75		62,512
4.00%, 05/15/31 (Call 05/15/26)	USD	80		68,200
4.63%, 12/15/27 (Call 08/31/23)(b)	USD	60		56,997
5.13%, 06/01/29 (Call 06/01/24)(b)	USD	75		71,250
Service Properties Trust
3.95%, 01/15/28 (Call 07/15/27)	USD	40		31,219
4.35%, 10/01/24 (Call 09/01/24)	USD	60		57,634
4.38%, 02/15/30 (Call 08/15/29)(b)	USD	35		25,988
4.75%, 10/01/26 (Call 08/01/26)	USD	40		35,011
4.95%, 02/15/27 (Call 08/15/26)	USD	35		30,067
4.95%, 10/01/29 (Call 07/01/29)	USD	60		46,200
5.50%, 12/15/27 (Call 09/15/27)	USD	40		34,967
7.50%, 09/15/25 (Call 06/15/25)	USD	100		99,029
Shutterfly Finance LLC, 8.50%, 10/01/27
(Call 06/09/25), (4.25% PIK)(a)	USD	33		21,141
Silgan Holdings Inc.
3.25%, 03/15/25 (Call 08/30/23)	EUR	100		107,302
4.13%, 02/01/28 (Call 08/16/23)	USD	60		54,731
Sinclair Television Group Inc.
4.13%, 12/01/30 (Call 12/01/25)(a)	USD	80		52,031
5.50%, 03/01/30 (Call 12/01/24)(a)(b)	USD	40		21,000
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 09/01/23)(a)(b)	USD	90		81,130
3.88%, 09/01/31 (Call 09/01/26)(a)(b)	USD	155		121,307
4.00%, 07/15/28 (Call 07/15/24)(a)(b)	USD	225		195,829
4.13%, 07/01/30 (Call 07/01/25)(a)(b)	USD	145		119,186
5.00%, 08/01/27 (Call 08/31/23)(a)	USD	165		153,037
5.50%, 07/01/29 (Call 07/01/24)(a)	USD	130		118,664
Six Flags Entertainment Corp.
5.50%, 04/15/27 (Call 08/31/23)(a)	USD	65		61,516
7.25%, 05/15/31 (Call 05/15/26)(a)(b)	USD	100		95,500
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)	USD	50		43,799
4.20%, 10/29/25 (Call 09/29/25)	USD	50		47,313
SM Energy Co.
6.50%, 07/15/28 (Call 07/15/24)(b)	USD	80		78,175
6.63%, 01/15/27 (Call 08/31/23)(b)	USD	60		59,103
SoftBank Group Corp., 4.00%, 09/19/29
(Call 06/21/29)(c)	EUR	125		120,816
Sonic Automotive Inc.
4.63%, 11/15/29 (Call 11/15/24)(a)(b)	USD	40		34,250
4.88%, 11/15/31 (Call 11/15/26)(a)(b)	USD	77		64,079
Sotheby’s, 7.38%, 10/15/27 (Call 08/11/23)(a)	USD	100		88,462
Southwestern Energy Co.
4.75%, 02/01/32 (Call 02/01/27)(b)	USD	125		111,293
5.38%, 02/01/29 (Call 02/01/24)(b)	USD	75		70,594
5.38%, 03/15/30 (Call 03/15/25)	USD	115		107,559

Security		Par (000)	Value
United States (continued)
Spectrum Brands Inc., 3.88%, 03/15/31
(Call 03/15/26)(a)(b)	USD	55	$	45,499
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)(b)	USD	75		63,281
7.50%, 04/15/25 (Call 08/31/23)(a)	USD	125		124,980
9.38%, 11/30/29 (Call 11/30/25)(a)(b)	USD	80		85,854
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.,
8.00%, 09/20/25 (Call 09/20/23)(a)	USD	145		146,390
SRM Escrow Issuer LLC, 6.00%, 11/01/28
(Call 11/01/23)(a)	USD	95		90,667
SRS Distribution Inc.
4.63%, 07/01/28 (Call 07/01/24)(a)	USD	65		59,155
6.00%, 12/01/29 (Call 12/01/24)(a)	USD	85		73,518
6.13%, 07/01/29 (Call 07/01/24)(a)	USD	50		44,035
SS&C Technologies Inc., 5.50%, 09/30/27
(Call 08/31/23)(a)(b)	USD	225		217,406
Stagwell Global LLC, 5.63%, 08/15/29
(Call 08/15/24)(a)	USD	135		114,696
Standard Industries Inc./NJ
2.25%, 11/21/26 (Call 08/21/26)(c)	EUR	100		97,961
3.38%, 01/15/31 (Call 07/15/25)(a)	USD	120		96,834
4.38%, 07/15/30 (Call 07/15/25)(a)	USD	160		138,797
4.75%, 01/15/28 (Call 08/31/23)(a)	USD	100		93,083
5.00%, 02/15/27 (Call 08/31/23)(a)	USD	95		90,982
Staples Inc.
7.50%, 04/15/26 (Call 08/31/23)(a)	USD	200		165,600
10.75%, 04/15/27 (Call 08/31/23)(a)	USD	110		63,525
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)(a)	USD	50		44,302
3.75%, 12/31/24 (Call 09/30/24)(a)	USD	50		47,904
4.38%, 01/15/27 (Call 07/15/26)(a)(b)	USD	70		62,125
Station Casinos LLC
4.50%, 02/15/28 (Call 08/31/23)(a)	USD	70		63,251
4.63%, 12/01/31 (Call 06/01/31)(a)	USD	55		46,475
Studio City Finance Ltd., 6.00%, 07/15/25
(Call 08/31/23)(a)	USD	50		47,349
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 (Call 06/01/26)(a)	USD	75		64,533
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 (Call 08/11/23)(a)(b)	USD	65		61,322
Summit Midstream Holdings LLC/Summit Midstream Finance Corp., 9.00%, 10/15/26 (Call 10/15/23)(a)(h)	USD	100		98,633
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29 (Call 05/15/24)	USD	75		67,281
4.50%, 04/30/30 (Call 04/30/25)(b)	USD	83		73,694
5.88%, 03/15/28 (Call 08/31/23)	USD	50		48,706
6.00%, 04/15/27 (Call 08/31/23)	USD	50		49,501
Synchrony Financial, 7.25%, 02/02/33 (Call 11/02/32)	USD	85		79,662
Talen Energy Supply LLC, 8.63%, 06/01/30	USD	135		140,062
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
5.50%, 01/15/28 (Call 08/31/23)(a)	USD	95		87,519
6.00%, 03/01/27 (Call 08/31/23)(a)	USD	40		38,058
6.00%, 12/31/30 (Call 12/31/25)(a)(b)	USD	65		57,866
6.00%, 09/01/31 (Call 09/01/26)(a)	USD	55		48,098
7.50%, 10/01/25 (Call 08/31/23)(a)	USD	50		50,150
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(a)(b)	USD	60		56,010
5.75%, 01/15/28 (Call 10/15/27)(a)	USD	55		53,598
5.88%, 06/15/27 (Call 03/15/27)(a)	USD	35		34,519

 17

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

Security		Par (000)	Value
United States (continued)
TEGNA Inc.
4.63%, 03/15/28 (Call 08/31/23)	USD	125	$	112,187
4.75%, 03/15/26 (Call 08/31/23)(a)	USD	55		52,608
5.00%, 09/15/29 (Call 09/15/24)	USD	120		106,950
Teleflex Inc., 4.25%, 06/01/28 (Call 08/31/23)(a)	USD	90		83,497
Tempur Sealy International Inc., 3.88%, 10/15/31
(Call 10/15/26)(a)	USD	125		101,062
Tenet Healthcare Corp.
4.25%, 06/01/29 (Call 06/01/24)(b)	USD	150		133,518
4.38%, 01/15/30 (Call 12/01/24)	USD	130		115,908
4.63%, 06/15/28 (Call 08/16/23)	USD	50		46,313
4.88%, 01/01/26 (Call 08/16/23)	USD	225		217,893
5.13%, 11/01/27 (Call 08/16/23)	USD	170		161,500
6.13%, 10/01/28 (Call 10/01/23)(b)	USD	260		247,419
6.13%, 06/15/30 (Call 06/15/25)(b)	USD	210		205,117
6.25%, 02/01/27 (Call 08/16/23)	USD	160		157,100
6.75%, 05/15/31 (Call 05/15/26)(a)	USD	130		129,659
TerraForm Power Operating LLC
4.75%, 01/15/30 (Call 01/15/25)(a)	USD	60		53,143
5.00%, 01/31/28 (Call 07/31/27)(a)	USD	75		69,956
Terrier Media Buyer Inc., 8.88%, 12/15/27
(Call 08/11/23)(a)	USD	105		81,816
TI Automotive Finance PLC, 3.75%, 04/15/29
(Call 04/15/24)(c)	EUR	100		90,818
TKC Holdings Inc.
6.88%, 05/15/28 (Call 05/15/24)(a)	USD	35		30,962
10.50%, 05/15/29 (Call 05/15/24)(a)	USD	65		49,609
TransDigm Inc.
4.63%, 01/15/29 (Call 01/15/24)	USD	125		111,612
4.88%, 05/01/29 (Call 05/01/24)	USD	70		62,781
5.50%, 11/15/27 (Call 08/31/23)	USD	270		254,960
6.25%, 03/15/26 (Call 08/31/23)(a)	USD	430		428,258
6.38%, 06/15/26 (Call 08/31/23)	USD	100		98,700
6.75%, 08/15/28 (Call 02/15/25)(a)	USD	220		221,089
7.50%, 03/15/27 (Call 08/31/23)	USD	60		59,975
TransDigm UK Holdings PLC, 6.88%, 05/15/26
(Call 08/31/23)	USD	75		74,600
Transocean Inc.
8.75%, 02/15/30 (Call 02/15/26)(a)	USD	145		150,691
11.50%, 01/30/27 (Call 08/11/23)(a)(b)	USD	75		78,806
Transocean Poseidon Ltd., 6.88%, 02/01/27
(Call 08/31/23)(a)(b)	USD	57		56,691
Transocean Titan Financing Ltd., 8.38%, 02/01/28
(Call 02/01/25)(a)	USD	100		103,656
Travel + Leisure Co.
4.50%, 12/01/29 (Call 09/01/29)(a)	USD	70		60,412
6.00%, 04/01/27 (Call 01/01/27)	USD	50		48,863
6.63%, 07/31/26 (Call 04/30/26)(a)	USD	60		59,518
Triumph Group Inc.
7.75%, 08/15/25 (Call 08/31/23)(b)	USD	52		50,392
9.00%, 03/15/28 (Call 03/15/25)(a)	USD	110		112,887
Tronox Inc., 4.63%, 03/15/29 (Call 03/15/24)(a)	USD	105		86,822
Twilio Inc.
3.63%, 03/15/29 (Call 03/15/24)(b)	USD	50		42,938
3.88%, 03/15/31 (Call 03/15/26)(b)	USD	45		38,064
U.S. Foods Inc.
4.63%, 06/01/30 (Call 06/01/25)(a)(b)	USD	55		49,514
4.75%, 02/15/29 (Call 02/15/24)(a)	USD	105		96,755
6.25%, 04/15/25 (Call 08/11/23)(a)	USD	85		85,133

Security		Par (000)	Value
United States (continued)
Uber Technologies Inc.
4.50%, 08/15/29 (Call 08/15/24)(a)(b)	USD	160	$	147,989
6.25%, 01/15/28 (Call 09/15/23)(a)	USD	50		49,876
7.50%, 05/15/25 (Call 08/31/23)(a)	USD	105		106,459
7.50%, 09/15/27 (Call 08/31/23)(a)	USD	125		127,604
8.00%, 11/01/26 (Call 08/31/23)(a)	USD	165		168,316
UGI International LLC, 2.50%, 12/01/29
(Call 12/01/24)(c)	EUR	100		84,761
United Airlines Inc.
4.38%, 04/15/26 (Call 10/15/25)(a)	USD	215		203,567
4.63%, 04/15/29 (Call 10/15/28)(a)	USD	190		171,969
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)	USD	80		67,560
3.88%, 11/15/27 (Call 08/11/23)	USD	75		69,555
3.88%, 02/15/31 (Call 08/15/25)(b)	USD	115		99,243
4.00%, 07/15/30 (Call 07/15/25)(b)	USD	70		61,739
4.88%, 01/15/28 (Call 08/11/23)	USD	160		152,884
5.25%, 01/15/30 (Call 01/15/25)	USD	80		76,267
5.50%, 05/15/27 (Call 08/31/23)	USD	62		61,000
United Wholesale Mortgage LLC
5.50%, 11/15/25 (Call 08/31/23)(a)	USD	75		71,992
5.50%, 04/15/29 (Call 04/15/24)(a)	USD	65		57,223
5.75%, 06/15/27 (Call 06/15/24)(a)	USD	60		56,138
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC, 6.00%, 01/15/30 (Call 01/15/25)(a)(b)	USD	75		49,694
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
4.75%, 04/15/28 (Call 04/15/24)(a)(b)	USD	65		54,031
6.50%, 02/15/29 (Call 02/15/24)(a)	USD	105		72,956
10.50%, 02/15/28 (Call 09/15/25)(a)	USD	254		252,501
Univision Communications Inc.
4.50%, 05/01/29 (Call 05/01/24)(a)	USD	105		91,121
5.13%, 02/15/25 (Call 08/11/23)(a)	USD	160		157,153
6.63%, 06/01/27 (Call 08/11/23)(a)	USD	165		160,576
7.38%, 06/30/30 (Call 06/30/25)(a)	USD	90		87,525
8.00%, 08/15/28 (Call 08/15/25)(a)	USD	15		15,113
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26 (Call 08/31/23)	USD	65		64,341
6.88%, 09/01/27 (Call 08/31/23)	USD	80		77,392
Valvoline Inc.
3.63%, 06/15/31 (Call 06/15/26)(a)	USD	75		61,502
4.25%, 02/15/30 (Call 02/15/25)(a)(b)	USD	35		34,431
Vector Group Ltd.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD	85		73,998
10.50%, 11/01/26 (Call 08/31/23)(a)	USD	45		45,094
Venture Global Calcasieu Pass LLC
3.88%, 11/01/33 (Call 05/01/33)(a)	USD	130		105,455
6.25%, 01/15/30 (Call 10/15/29)(a)	USD	105		102,702
3.88%, 08/15/29 (Call 02/15/29)(a)	USD	125		108,424
4.13%, 08/15/31 (Call 02/15/31)(a)	USD	125		106,141
Venture Global LNG Inc.
8.13%, 06/01/28 (Call 06/01/25)(a)	USD	230		233,640
8.38%, 06/01/31 (Call 06/01/26)(a)	USD	230		233,381
Vericast Corp., 11.00%, 09/15/26 (Call 09/15/23)(a)	USD	76		79,662
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 (Call 08/31/23)(a)	USD	190		155,800
Verscend Escrow Corp., 9.75%, 08/15/26
(Call 08/31/23)(a)	USD	65		65,223

18

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

Security		Par (000)	Value
United States (continued)
ViaSat Inc.
5.63%, 09/15/25 (Call 08/11/23)(a)(b)	USD	65	$	60,938
5.63%, 04/15/27 (Call 08/11/23)(a)	USD	85		76,574
6.50%, 07/15/28 (Call 08/31/23)(a)(b)	USD	50		38,500
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 08/31/23)(a)	USD	90		84,014
7.00%, 02/15/29 (Call 02/15/24)(a)(b)	USD	50		47,338
9.13%, 07/15/31 (Call 07/15/26)(a)	USD	50		51,400
Vistra Operations Co. LLC
4.38%, 05/01/29 (Call 05/01/24)(a)	USD	135		119,164
5.00%, 07/31/27 (Call 08/11/23)(a)	USD	140		131,844
5.50%, 09/01/26 (Call 08/11/23)(a)	USD	100		96,822
5.63%, 02/15/27 (Call 08/11/23)(a)	USD	120		116,040
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 08/31/23)(a)	USD	95		88,355
Weatherford International Ltd.
6.50%, 09/15/28 (Call 09/15/24)(a)(b)	USD	55		55,064
8.63%, 04/30/30 (Call 10/30/24)(a)(b)	USD	175		179,375
Wesco Aircraft Holdings Inc.
8.50%, 11/15/24 (Call 08/31/23)(a)	USD	74		3,478
9.00%, 11/15/26 (Call 08/31/23)(a)(b)	USD	89		7,832
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 08/31/23)(a)	USD	80		80,964
7.25%, 06/15/28 (Call 08/31/23)(a)	USD	140		142,718
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25)	USD	235		224,306
Williams Scotsman International Inc., 4.63%, 08/15/28
(Call 08/31/23)(a)	USD	65		59,970
Windsor Holdings III LLC, 8.50%, 06/15/30(b)	USD	65		65,367
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 08/31/23)(a)(b)	USD	140		117,632
WMG Acquisition Corp.
2.75%, 07/15/28 (Call 07/15/24)(c)	EUR	100		100,884
3.00%, 02/15/31 (Call 02/15/26)(a)(b)	USD	90		73,576
3.75%, 12/01/29 (Call 12/01/24)(a)	USD	70		61,425
3.88%, 07/15/30 (Call 07/15/25)(a)	USD	50		43,790
WR Grace Holdings LLC
4.88%, 06/15/27 (Call 08/31/23)(a)(b)	USD	80		75,400
5.63%, 08/15/29 (Call 08/15/24)(a)	USD	120		101,460
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.25%, 05/15/27 (Call 02/15/27)(a)(b)	USD	100		95,075
5.50%, 03/01/25 (Call 12/01/24)(a)	USD	185		181,637
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
5.13%, 10/01/29 (Call 07/01/29)(a)(b)	USD	75		67,964
7.13%, 02/15/31 (Call 11/15/30)(a)(b)	USD	65		64,931
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)(a)	USD	75		72,047
5.50%, 08/15/28 (Call 07/15/28)(a)(b)	USD	65		57,038
XHR LP
4.88%, 06/01/29 (Call 06/01/24)(a)	USD	60		52,200
6.38%, 08/15/25 (Call 08/11/23)(a)	USD	71		69,977
XPO Inc., 7.13%, 06/01/31	USD	25		25,295
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)(b)	USD	110		94,486
4.63%, 01/31/32 (Call 10/01/26)(b)	USD	115		104,179

		Par/
		Shares
Security		(000)		Value
United States (continued)
4.75%, 01/15/30 (Call 10/15/29)(a)(b)	USD	75	$	70,053
5.38%, 04/01/32 (Call 04/01/27)	USD	95		89,870
Zayo Group Holdings Inc.
4.00%, 03/01/27 (Call 08/31/23)(a)(b)	USD	155		110,825
6.13%, 03/01/28 (Call 08/31/23)(a)(b)	USD	115		70,725
				85,794,052
Total Corporate Bonds & Notes — 97.5%
(Cost: $143,419,080)				133,161,269
Fixed Rate Loan Interests
United States — 0.0%
Curo Group Holdings Corp., 9.00%, Term Loan, 08/02/27	$	18		17,366
Total Fixed Rate Loan Interests — 0.0%
(Cost: $17,675)				17,366
Total Long-Term Investments — 97.5%
(Cost: $143,436,755)				133,178,635
Short-Term Securities
Money Market Funds — 17.4%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.42%(i)(j)(k)		23,191		23,197,487
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.22%(i)(j)		620		620,000
Total Short-Term Securities — 17.4%
(Cost: $23,810,005)				23,817,487
Total Investments — 114.9%
(Cost: $167,246,760)				156,996,122
Liabilities in Excess of Other Assets — (14.9)%				(20,307,161	)
Net Assets — 100.0%			$	136,688,961

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

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

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

^(d) Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

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

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

^(g) Non-income producing security.

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

⁽ⁱ⁾ Affiliate of the Fund.

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

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

 19

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

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 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 07/31/23		Shares Held at 07/31/23 (000)		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	15,572,440	$	7,620,424	(a)	$	—		$	(3,015	)	$	7,638	$	23,197,487		23,191	$	99,623	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		1,490,000		—			(870,000	)(a)		—			—		620,000		620		31,638			1
									$	(3,015	)	$	7,638	$	23,817,487			$	131,261		$	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.

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Corporate Bonds & Notes	$	—	$	133,161,269	$	—	$	133,161,269
Fixed Rate Loan Interests		—		17,366		—		17,366
Short-Term Securities
Money Market Funds		23,817,487		—		—		23,817,487
	$	23,817,487	$	133,178,635	$	—	$	156,996,122

Portfolio Abbreviation
CAB	Capital Appreciation Bonds	PIK	Payment-in-kind
CMT	Constant Maturity Treasury	REIT	Real Estate Investment Trust
EURIBOR	Euro Interbank Offered Rate	SOFR	Secured Overnight Financing Rate
LIBOR	London Interbank Offered Rate

20

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

Currency Abbreviations

CAD Canadian Dollar

EUR Euro

GBP British Pound

USD United States Dollar

 21