SEPTEMBER 30, 2013
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2013 SEMI-ANNUAL REPORT
(UNAUDITED)
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iShares Trust
Ø |
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iShares 2014
AMT-Free Muni Term
ETF | MUAC | NYSE Arca
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Ø |
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iShares 2015
AMT-Free Muni Term
ETF | MUAD | NYSE Arca
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Ø |
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iShares 2016
AMT-Free Muni Term
ETF | MUAE | NYSE Arca
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Ø |
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iShares 2017
AMT-Free Muni Term
ETF | MUAF | NYSE Arca
|
Ø |
|
iShares 2018
AMT-Free Muni Term
ETF | MUAG | NYSE Arca
|
Table of
Contents
Fund Performance Overview
iSHARES®
2014 AMT-FREE MUNI TERM ETF
Performance as of September 30, 2013
The iShares 2014 AMT-Free Muni Term ETF (the “Fund”), formerly the
iShares 2014 S&P AMT-Free Municipal Series, seeks to track the investment
results of an index composed of investment-grade U.S. municipal bonds maturing
after May 31 and before September 1, 2014, as represented by the
S&P AMT-Free Municipal Series 2014 IndexTM
(the “Index”). The Fund invests in a representative sample of securities
included in the Index that collectively has an investment profile similar to the
Index. Due to the use of representative sampling, the Fund may or may not hold
all of the securities that are included in the Index. For the six-month reporting period ended
September 30, 2013, the total return for the Fund was 0.08%, net of fees,
while the total return for the Index was 0.15%.
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|
Average Annual Total Returns |
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|
Cumulative Total
Returns |
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|
NAV |
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|
MARKET |
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|
INDEX |
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|
NAV |
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|
MARKET |
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|
INDEX |
|
1 Year |
|
|
0.28% |
|
|
|
0.58% |
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|
|
0.51% |
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|
|
|
0.28% |
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|
|
0.58% |
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|
|
0.51% |
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Since Inception |
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1.75% |
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1.83% |
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2.09% |
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|
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6.69% |
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6.98% |
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|
|
8.03% |
|
The inception date of the Fund was 1/7/10. The first day of secondary
market trading was 1/8/10.
Past performance is no guarantee of future results. Performance results
do not reflect the deduction of taxes that a shareholder would pay on fund
distributions or on the redemption or sale of fund shares. See “About Fund
Performance” on page 10 for more information.
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Shareholder
Expenses |
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Actual |
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Hypothetical 5%
Return |
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|
Beginning Account Value (4/1/13) |
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Ending Account Value (9/30/13) |
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|
Expenses Paid During Period a |
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Beginning Account Value (4/1/13) |
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Ending Account Value (9/30/13) |
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Expenses Paid During Period a |
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Annualized Expense Ratio |
|
$ |
1,000.00 |
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|
$ |
1,000.80 |
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|
$ |
1.50 |
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|
$ |
1,000.00 |
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|
$ |
1,023.60 |
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|
$ |
1.52 |
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|
0.30% |
|
a |
Expenses
are calculated using the Fund’s annualized expense ratio (as disclosed in
the table), multiplied by the average account value for the period,
multiplied by the number of days in the period (183 days) and divided by
the number of days in the year (365 days). See “Shareholder Expenses” on
page 10 for more information. |
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BOND CREDIT QUALITY
As
of 9/30/13
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|
S&P
Credit Rating |
|
Percentage of Total
Investments* |
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|
AAA |
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|
29.58 |
% |
AA+ |
|
|
21.44 |
|
AA |
|
|
15.34 |
|
AA- |
|
|
19.19 |
|
A+ |
|
|
5.09 |
|
A |
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|
3.61 |
|
A- |
|
|
0.09 |
|
BBB+ |
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|
0.33 |
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BBB |
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|
0.46 |
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BBB- |
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0.72 |
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Not Rated |
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4.15 |
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TOTAL |
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100.00 |
% |
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* |
Excludes
short-term investments. |
TEN
LARGEST STATE ALLOCATIONS
As
of 9/30/13
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State |
|
Percentage of Net Assets |
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California |
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17.24 |
% |
Texas |
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|
9.50 |
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New York |
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9.30 |
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Massachusetts |
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|
8.68 |
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Washington |
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5.21 |
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Florida |
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5.05 |
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Arizona |
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3.93 |
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New Mexico |
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|
3.17 |
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New Jersey |
|
|
3.15 |
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Virginia |
|
|
2.82 |
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TOTAL |
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68.05 |
% |
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FUND
PERFORMANCE OVERVIEWS |
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5 |
|
Fund Performance Overview
iSHARES®
2015 AMT-FREE MUNI TERM ETF
Performance as of September 30, 2013
The iShares 2015 AMT-Free Muni Term ETF (the “Fund”), formerly the
iShares 2015 S&P AMT-Free Municipal Series, seeks to track the investment
results of an index composed of investment-grade U.S. municipal bonds maturing
after May 31 and before September 1, 2015, as represented by the
S&P AMT-Free Municipal Series 2015 IndexTM
(the “Index”). The Fund invests in a representative sample of securities
included in the Index that collectively has an investment profile similar to the
Index. Due to the use of representative sampling, the Fund may or may not hold
all of the securities that are included in the Index. For the six-month reporting period ended
September 30, 2013, the total return for the Fund was 0.20%, net of fees,
while the total return for the Index was 0.18%.
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Average Annual Total Returns |
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Cumulative Total
Returns |
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|
NAV |
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MARKET |
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|
INDEX |
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|
NAV |
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|
MARKET |
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|
INDEX |
|
1 Year |
|
|
0.49% |
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|
0.58% |
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|
0.58% |
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|
0.49% |
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|
|
0.58% |
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|
|
0.58% |
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Since Inception |
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|
2.69% |
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|
2.74% |
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|
3.05% |
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|
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|
10.42% |
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|
10.63% |
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|
|
11.88% |
|
The inception date of the Fund was 1/7/10. The first day of secondary
market trading was 1/8/10.
Past performance is no guarantee of future results. Performance results
do not reflect the deduction of taxes that a shareholder would pay on fund
distributions or on the redemption or sale of fund shares. See “About Fund
Performance” on page 10 for more information.
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Shareholder
Expenses |
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Actual |
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|
Hypothetical 5%
Return |
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|
|
|
Beginning Account Value (4/1/13) |
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|
Ending Account Value (9/30/13) |
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|
Expenses Paid During Period a |
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|
Beginning Account Value (4/1/13) |
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|
Ending Account Value (9/30/13) |
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|
Expenses Paid During Period a |
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|
Annualized Expense Ratio |
|
$ |
1,000.00 |
|
|
$ |
1,002.00 |
|
|
$ |
1.51 |
|
|
$ |
1,000.00 |
|
|
$ |
1,023.60 |
|
|
$ |
1.52 |
|
|
|
0.30% |
|
a |
Expenses
are calculated using the Fund’s annualized expense ratio (as disclosed in
the table), multiplied by the average account value for the period,
multiplied by the number of days in the period (183 days) and divided by
the number of days in the year (365 days). See “Shareholder Expenses” on
page 10 for more information. |
|
BOND CREDIT QUALITY
As
of 9/30/13
|
|
|
S&P
Credit Rating |
|
Percentage of Total
Investments* |
|
|
|
|
|
AAA |
|
|
30.86 |
% |
AA+ |
|
|
20.56 |
|
AA |
|
|
18.39 |
|
AA- |
|
|
19.62 |
|
A+ |
|
|
2.48 |
|
A |
|
|
4.35 |
|
A- |
|
|
1.11 |
|
BBB+ |
|
|
0.84 |
|
Not Rated |
|
|
1.79 |
|
|
|
|
|
|
TOTAL |
|
|
100.00 |
% |
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|
* |
Excludes
short-term investments. |
TEN
LARGEST STATE ALLOCATIONS
As
of 9/30/13
|
|
|
State |
|
Percentage of Net Assets |
|
|
|
|
|
California |
|
|
10.77 |
% |
New York |
|
|
9.86 |
|
Massachusetts |
|
|
8.15 |
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Arizona |
|
|
6.09 |
|
Florida |
|
|
5.94 |
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Texas |
|
|
5.74 |
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Maryland |
|
|
5.72 |
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Washington |
|
|
4.83 |
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New Jersey |
|
|
3.58 |
|
Virginia |
|
|
3.38 |
|
|
|
|
|
|
TOTAL |
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|
64.06 |
% |
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|
6 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Fund Performance Overview
iSHARES®
2016 AMT-FREE MUNI TERM ETF
Performance as of September 30, 2013
The iShares 2016 AMT-Free Muni Term ETF (the “Fund”), formerly the
iShares 2016 S&P AMT-Free Municipal Series, seeks to track the investment
results of an index composed of investment-grade U.S. municipal bonds maturing
after May 31 and before September 1, 2016, as represented by the
S&P AMT-Free Municipal Series 2016 IndexTM
(the “Index”). The Fund invests in a representative sample of securities
included in the Index that collectively has an investment profile similar to the
Index. Due to the use of representative sampling, the Fund may or may not hold
all of the securities that are included in the Index. For the six-month reporting period ended
September 30, 2013, the total return for the Fund was -0.03%, net of fees,
while the total return for the Index was -0.12%.
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|
Average Annual Total Returns |
|
|
|
|
Cumulative Total
Returns |
|
|
|
NAV |
|
|
MARKET |
|
|
INDEX |
|
|
|
|
NAV |
|
|
MARKET |
|
|
INDEX |
|
1 Year |
|
|
0.19% |
|
|
|
0.36% |
|
|
|
0.17% |
|
|
|
|
|
0.19% |
|
|
|
0.36% |
|
|
|
0.17% |
|
Since Inception |
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|
3.62% |
|
|
|
3.71% |
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|
|
4.00% |
|
|
|
|
|
14.19% |
|
|
|
14.55% |
|
|
|
15.77% |
|
The inception date of the Fund was 1/7/10. The first day of secondary
market trading was 1/8/10.
Past performance is no guarantee of future results. Performance results
do not reflect the deduction of taxes that a shareholder would pay on fund
distributions or on the redemption or sale of fund shares. See “About Fund
Performance” on page 10 for more information.
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|
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|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholder
Expenses |
|
Actual |
|
|
Hypothetical 5%
Return |
|
|
|
|
Beginning Account Value (4/1/13) |
|
|
Ending Account Value (9/30/13) |
|
|
Expenses Paid During Period a |
|
|
Beginning Account Value (4/1/13) |
|
|
Ending Account Value (9/30/13) |
|
|
Expenses Paid During Period a |
|
|
Annualized Expense Ratio |
|
$ |
1,000.00 |
|
|
$ |
999.70 |
|
|
$ |
1.50 |
|
|
$ |
1,000.00 |
|
|
$ |
1,023.60 |
|
|
$ |
1.52 |
|
|
|
0.30% |
|
a |
Expenses
are calculated using the Fund’s annualized expense ratio (as disclosed in
the table), multiplied by the average account value for the period,
multiplied by the number of days in the period (183 days) and divided by
the number of days in the year (365 days). See “Shareholder Expenses” on
page 10 for more information. |
|
BOND CREDIT QUALITY
As
of 9/30/13
|
|
|
S&P
Credit Rating |
|
Percentage of Total
Investments* |
|
|
|
|
|
AAA |
|
|
29.74 |
% |
AA+ |
|
|
18.61 |
|
AA |
|
|
17.15 |
|
AA- |
|
|
22.25 |
|
A+ |
|
|
3.65 |
|
A |
|
|
4.05 |
|
A- |
|
|
0.98 |
|
BBB+ |
|
|
0.26 |
|
BBB |
|
|
0.11 |
|
BBB- |
|
|
0.10 |
|
Not Rated |
|
|
3.10 |
|
|
|
|
|
|
TOTAL |
|
|
100.00 |
% |
|
|
|
|
|
|
* |
Excludes
short-term investments. |
TEN
LARGEST STATE ALLOCATIONS
As
of 9/30/13
|
|
|
State |
|
Percentage of Net Assets |
|
|
|
|
|
New York |
|
|
10.79 |
% |
California |
|
|
9.66 |
|
Massachusetts |
|
|
6.64 |
|
Florida |
|
|
6.33 |
|
Texas |
|
|
6.27 |
|
Illinois |
|
|
5.63 |
|
Arizona |
|
|
5.47 |
|
Washington |
|
|
4.70 |
|
Maryland |
|
|
3.93 |
|
Pennsylvania |
|
|
3.67 |
|
|
|
|
|
|
TOTAL |
|
|
63.09 |
% |
|
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|
|
|
|
|
|
|
|
FUND
PERFORMANCE OVERVIEWS |
|
|
7 |
|
Fund Performance Overview
iSHARES®
2017 AMT-FREE MUNI TERM ETF
Performance as of September 30, 2013
The iShares 2017 AMT-Free Muni Term ETF (the “Fund”), formerly the
iShares 2017 S&P AMT-Free Municipal Series, seeks to track the investment
results of an index composed of investment-grade U.S. municipal bonds maturing
after May 31 and before September 1, 2017, as represented by the
S&P AMT-Free Municipal Series 2017 IndexTM
(the “Index”). The Fund invests in a representative sample of securities
included in the Index that collectively has an investment profile similar to the
Index. Due to the use of representative sampling, the Fund may or may not hold
all of the securities that are included in the Index. For the six-month reporting period ended
September 30, 2013, the total return for the Fund was -0.64%, net of fees,
while the total return for the Index was -0.64%.
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|
|
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|
|
Average Annual Total Returns |
|
|
|
|
Cumulative Total
Returns |
|
|
|
NAV |
|
|
MARKET |
|
|
INDEX |
|
|
|
|
NAV |
|
|
MARKET |
|
|
INDEX |
|
1 Year |
|
|
(0.39)% |
|
|
|
(0.37)% |
|
|
|
(0.23)% |
|
|
|
|
|
(0.39)% |
|
|
|
(0.37)% |
|
|
|
(0.23)% |
|
Since Inception |
|
|
4.31% |
|
|
|
4.39% |
|
|
|
4.63% |
|
|
|
|
|
17.04% |
|
|
|
17.38% |
|
|
|
18.41% |
|
The inception date of the Fund was 1/7/10. The first day of secondary
market trading was 1/8/10.
Past performance is no guarantee of future results. Performance results
do not reflect the deduction of taxes that a shareholder would pay on fund
distributions or on the redemption or sale of fund shares. See “About Fund
Performance” on page 10 for more information.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholder
Expenses |
|
Actual |
|
|
Hypothetical 5%
Return |
|
|
|
|
Beginning Account Value (4/1/13) |
|
|
Ending Account Value (9/30/13) |
|
|
Expenses Paid During Period a |
|
|
Beginning Account Value (4/1/13) |
|
|
Ending Account Value (9/30/13) |
|
|
Expenses Paid During Period a |
|
|
Annualized Expense Ratio |
|
$ |
1,000.00 |
|
|
$ |
993.60 |
|
|
$ |
1.50 |
|
|
$ |
1,000.00 |
|
|
$ |
1,023.60 |
|
|
$ |
1.52 |
|
|
|
0.30% |
|
a |
Expenses
are calculated using the Fund’s annualized expense ratio (as disclosed in
the table), multiplied by the average account value for the period,
multiplied by the number of days in the period (183 days) and divided by
the number of days in the year (365 days). See “Shareholder Expenses” on
page 10 for more information. |
|
BOND CREDIT QUALITY
As
of 9/30/13
|
|
|
|
|
S&P
Credit Rating |
|
Percentage of Total Investments* |
|
AAA |
|
|
30.09 |
% |
AA+ |
|
|
19.08 |
|
AA |
|
|
17.63 |
|
AA- |
|
|
21.06 |
|
A+ |
|
|
4.45 |
|
A |
|
|
2.57 |
|
A- |
|
|
1.31 |
|
BBB+ |
|
|
0.16 |
|
BBB |
|
|
0.49 |
|
BBB- |
|
|
0.42 |
|
Not Rated |
|
|
2.74 |
|
|
|
|
|
|
TOTAL |
|
|
100.00 |
% |
|
|
|
|
|
|
* |
Excludes
short-term investments. |
TEN
LARGEST STATE ALLOCATIONS
As
of 9/30/13
|
|
|
|
|
State |
|
Percentage of Net
Assets |
|
California |
|
|
11.88 |
% |
New York |
|
|
10.48 |
|
Texas |
|
|
6.27 |
|
Washington |
|
|
5.93 |
|
Arizona |
|
|
5.40 |
|
Massachusetts |
|
|
5.18 |
|
Florida |
|
|
4.84 |
|
Maryland |
|
|
4.79 |
|
Pennsylvania |
|
|
4.57 |
|
Georgia |
|
|
3.83 |
|
|
|
|
|
|
TOTAL |
|
|
63.17 |
% |
|
|
|
|
|
|
|
|
8 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Fund Performance Overview
iSHARES®
2018 AMT-FREE MUNI TERM ETF
Performance as of September 30, 2013
The iShares 2018 AMT-Free Muni Term ETF (the “Fund”), formerly the
iShares 2018 S&P AMT-Free Municipal Series, seeks to track the investment
results of an index composed of investment-grade U.S. municipal bonds maturing
after May 31 and before September 1, 2018, as represented by the
S&P AMT-Free Municipal Series 2018 IndexTM
(the “Index”). The Fund invests in a representative sample of securities
included in the Index that collectively has an investment profile similar to the
Index. Due to the use of representative sampling, the Fund may or may not hold
all of the securities that are included in the Index. For the six-month reporting period ended
September 30, 2013, the total return for the Fund was -0.27%, net of fees,
while the total return for the Index was -1.39%.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cumulative Total
Returns |
|
|
|
NAV |
|
|
MARKET |
|
|
INDEX |
|
Since Inception |
|
|
0.37% |
|
|
|
0.65% |
|
|
|
(1.33)% |
|
The inception date of the Fund was 3/19/13. The first day of secondary
market trading was 3/21/13.
Past performance is no guarantee of future results. Performance results
do not reflect the deduction of taxes that a shareholder would pay on fund
distributions or on the redemption or sale of fund shares. See “About Fund
Performance” on page 10 for more information.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shareholder
Expenses |
|
Actual |
|
|
Hypothetical 5%
Return |
|
|
|
|
Beginning Account Value (4/1/13) |
|
|
Ending Account Value (9/30/13) |
|
|
Expenses Paid During Period a |
|
|
Beginning Account Value (4/1/13) |
|
|
Ending Account Value (9/30/13) |
|
|
Expenses Paid During Period a |
|
|
Annualized Expense Ratio |
|
$ |
1,000.00 |
|
|
$ |
997.30 |
|
|
$ |
1.50 |
|
|
$ |
1,000.00 |
|
|
$ |
1,023.60 |
|
|
$ |
1.52 |
|
|
|
0.30% |
|
a |
Expenses
are calculated using the Fund’s annualized expense ratio (as disclosed in
the table), multiplied by the average account value for the period,
multiplied by the number of days in the period (183 days) and divided by
the number of days in the year (365 days). See “Shareholder Expenses” on
page 10 for more information. |
|
BOND CREDIT QUALITY
As
of 9/30/13
|
|
|
S&P
Credit Rating |
|
Percentage of Total
Investments* |
|
|
|
|
|
AAA |
|
|
30.38 |
% |
AA+ |
|
|
15.77 |
|
AA |
|
|
22.45 |
|
AA- |
|
|
17.84 |
|
A+ |
|
|
7.56 |
|
A |
|
|
1.48 |
|
A- |
|
|
0.50 |
|
BBB |
|
|
0.52 |
|
BBB- |
|
|
0.33 |
|
Not Rated |
|
|
3.17 |
|
|
|
|
|
|
TOTAL |
|
|
100.00 |
% |
|
|
|
|
|
|
* |
Excludes
short-term investments. |
TEN
LARGEST STATE ALLOCATIONS
As
of 9/30/13
|
|
|
State |
|
Percentage of Net Assets |
|
|
|
|
|
California |
|
|
14.39 |
% |
New York |
|
|
10.01 |
|
Washington |
|
|
7.66 |
|
Florida |
|
|
5.70 |
|
Maryland |
|
|
5.16 |
|
Arizona |
|
|
4.67 |
|
Texas |
|
|
3.64 |
|
Pennsylvania |
|
|
3.56 |
|
Virginia |
|
|
3.52 |
|
Georgia |
|
|
3.32 |
|
|
|
|
|
|
TOTAL |
|
|
61.63 |
% |
|
|
|
|
|
|
|
|
|
|
FUND
PERFORMANCE OVERVIEWS |
|
|
9 |
|
About Fund Performance
Past performance is no
guarantee of future results. Current performance may be lower or higher than the
performance data quoted. Performance data current to the most recent month-end
is available at www.iShares.com. Performance results assume reinvestment of all
dividends and capital gain distributions and do not reflect the deduction of
taxes that a shareholder would pay on fund distributions or on the redemption or
sale of fund shares. The investment return and principal value of shares will
vary with changes in market conditions. Shares may be worth more or less than
their original cost when they are redeemed or sold in the market. Performance
for certain funds may reflect a waiver of a portion of investment management
fees. Without such waiver, performance would have been lower.
Net asset value or “NAV”
is the value of one share of a fund as calculated in accordance with the
standard formula for valuing mutual fund shares. The price used to calculate
market return (“Market Price”) is determined by using the midpoint between the
highest bid and the lowest offer on the primary stock exchange on which shares
of a fund are listed for trading, as of the time that such fund’s NAV is
calculated. Since shares of a fund may not have traded in the secondary market
until after the fund’s inception, for the period from inception to the first day
of secondary trading, the NAV of the fund is used as a proxy for the Market
Price to calculate market returns. Market and NAV returns assume that dividends
and capital gain distributions have been reinvested at Market Price and NAV,
respectively.
An index is a statistical
composite that tracks a specified financial market or sector. Unlike a fund, an
index does not actually hold a portfolio of securities and therefore does not
incur the expenses incurred by a fund. These expenses negatively impact fund
performance. Also, market returns do not include brokerage commissions that may
be payable on secondary market transactions. If brokerage commissions were
included, market returns would be lower.
Shareholder Expenses
As a shareholder of a
Fund, you incur two types of costs: (1) transaction costs, including
brokerage commissions on purchases and sales of fund shares and (2) ongoing
costs, including management fees and other fund expenses. The expense example,
which is based on an investment of $1,000 invested on April 1, 2013 and
held through September 30, 2013, is intended to help you understand your
ongoing costs (in dollars and cents) of investing in a Fund and to compare these
costs with the ongoing costs of investing in other funds.
Actual
Expenses — The table provides information about actual account values
and actual expenses. To estimate the expenses that you paid on your account over
the period, simply divide your account value by $1,000 (for example, an $8,600
account value divided by $1,000 = 8.6), then multiply the result by the number
for your Fund under the heading entitled “Expenses Paid During Period.”
Hypothetical Example
for Comparison Purposes — The table also provides information about
hypothetical account values and hypothetical expenses based on each Fund’s
actual expense ratio and an assumed rate of return of 5% per year before
expenses. You may use this information to compare the ongoing costs of investing
in your Fund and other funds. To do so, compare this 5% hypothetical example
with the 5% hypothetical examples that appear in the shareholder reports of the
other funds.
Please note that the
expenses shown in the table are meant to highlight your ongoing costs only and
do not reflect any transactional costs, such as brokerage commissions paid on
purchases and sales of fund shares. Therefore, the hypothetical examples are
useful in comparing ongoing costs only and will not help you determine the
relative total costs of owning different funds. In addition, if these
transactional costs were included, your costs would have been higher.
|
|
|
10 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of Investments (Unaudited)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
MUNICIPAL BONDS &
NOTES — 98.75% |
|
|
|
ALASKA — 0.37% |
|
|
|
|
|
Borough of North Slope GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/30/14 |
|
|
|
$ |
100 |
|
|
$ |
102,823 |
|
City of Anchorage GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(NPFGC) |
|
|
120 |
|
|
|
124,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
227,665 |
|
ARIZONA — 3.93% |
|
|
|
|
|
Arizona State University Board of
Regents RB University Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
102,849 |
|
Arizona State University Energy
Management LLC RB College & University Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,473 |
|
Arizona Transportation Board RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
150 |
|
|
|
155,436 |
|
Arizona Transportation Board RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
160 |
|
|
|
165,835 |
|
City of Chandler RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
2.25%, 07/01/14 |
|
|
|
|
200 |
|
|
|
203,112 |
|
City of Phoenix GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(ETM) |
|
|
150 |
|
|
|
155,366 |
|
City of Scottsdale GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,632 |
|
Maricopa County Unified School District
No. 11 Peoria GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AGM) |
|
|
250 |
|
|
|
258,652 |
|
Maricopa County Unified School District
No. 69 Paradise Valley GOL |
|
|
|
|
|
|
|
|
5.25%, 07/01/14 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
103,680 |
|
Maricopa County Unified School District
No. 80 Chandler GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
102,849 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Phoenix Civic Improvement Corp. RB
Water Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
$ |
100 |
|
|
$ |
103,647 |
|
Pima County Unified School District
No. 1 Tucson GOL |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
250 |
|
|
|
258,925 |
|
Regional Public Transportation Authority
RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,484 |
|
Scottsdale Municipal Property Corp. RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(PR
07/01/14) |
|
|
150 |
|
|
|
155,402 |
|
5.25%, 07/01/23 |
|
(PR
07/01/14) |
|
|
100 |
|
|
|
103,789 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.75%, 07/01/30 |
|
(PR
07/01/14) |
|
|
110 |
|
|
|
113,754 |
|
Surprise Municipal Property Corp. RB
Lease Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AMBAC) |
|
|
125 |
|
|
|
129,341 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,423,226 |
|
ARKANSAS — 0.28% |
|
|
|
|
|
State of Arkansas GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
170 |
|
|
|
175,401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
175,401 |
|
CALIFORNIA — 17.24% |
|
|
|
|
|
Chabot-Las Positas Community College
District GO |
|
|
|
|
|
|
|
|
0.00%, 08/01/14 |
|
(AMBAC) |
|
|
100 |
|
|
|
99,679 |
|
City & County of San Francisco
GO |
|
|
|
|
|
|
|
|
Series 2008 |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
100 |
|
|
|
103,440 |
|
County of Sacramento RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
3.30%, 07/01/14 |
|
(AGM) |
|
|
125 |
|
|
|
127,684 |
|
Desert Sands Unified School
District GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,162 |
|
East Bay Municipal Utility District RB
Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(NPFGC-FGIC) |
|
|
235 |
|
|
|
242,576 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
11 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Elsinore Valley Municipal Water District
COP Water Revenue |
|
|
|
|
|
|
|
|
5.38%, 07/01/14 |
|
(NPFGC-FGIC) |
|
$ |
250 |
|
|
$ |
259,077 |
|
Los Angeles County Metropolitan
Transportation Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
|
|
|
210 |
|
|
|
216,096 |
|
5.00%, 07/01/14 |
|
(AMBAC) |
|
|
125 |
|
|
|
129,569 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,647 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,647 |
|
Los Angeles County Public Works
Financing Authority RB Lease Abatement |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
103,912 |
|
Los Angeles Department of
Water & Power RB Electric Power &
Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/14 |
|
|
|
|
250 |
|
|
|
255,320 |
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,655 |
|
Los Angeles Department of
Water & Power RB Water Revenue |
|
|
|
|
|
|
|
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AMBAC) |
|
|
215 |
|
|
|
222,858 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/17 |
|
(PR 07/01/14) (NPFGC) |
|
|
100 |
|
|
|
103,789 |
|
Los Angeles Unified School
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/14 |
|
|
|
|
215 |
|
|
|
219,543 |
|
6.00%, 07/01/14 |
|
(FGIC) |
|
|
100 |
|
|
|
104,306 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AMBAC) |
|
|
100 |
|
|
|
103,616 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(FGIC) |
|
|
110 |
|
|
|
113,978 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
315 |
|
|
|
326,390 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
M-S-R Public Power Agency RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series K |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
$ |
100 |
|
|
$ |
103,562 |
|
Series L |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,453 |
|
Metropolitan Water District of Southern
California RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
180 |
|
|
|
186,523 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
|
|
|
180 |
|
|
|
185,267 |
|
Northern California Power Agency RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,632 |
|
Orange County RB General
Fund |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(NPFGC) |
|
|
250 |
|
|
|
257,923 |
|
Orange County School Board COP
Lease Renewal |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
200 |
|
|
|
207,824 |
|
Palo Alto Unified School District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
104,038 |
|
Sacramento County Sanitation Districts
Financing Authority RB Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(NPFGC) |
|
|
115 |
|
|
|
119,617 |
|
Sacramento Municipal Utility District RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series U |
|
|
|
|
|
|
|
|
|
|
3.13%, 08/15/14 |
|
(AGM) |
|
|
100 |
|
|
|
102,500 |
|
4.00%, 08/15/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,264 |
|
Sacramento Municipal Utility District RB
Water Revenue |
|
|
|
|
|
|
|
|
3.75%, 07/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
102,148 |
|
San Diego Unified School District
GO |
|
|
|
|
|
|
|
|
0.00%, 07/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
99,737 |
|
Series C-2 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,601 |
|
|
|
|
12 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/29 |
|
(PR
07/01/14) (AGM) |
|
$ |
830 |
|
|
$ |
859,888 |
|
San Francisco Bay Area Rapid Transit
District RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
102,128 |
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,632 |
|
San Jose Unified School District
GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(NPFGC-FGIC) |
|
|
230 |
|
|
|
239,235 |
|
Southern California Public Power
Authority RB Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
3.00%, 07/01/14 |
|
|
|
|
125 |
|
|
|
127,621 |
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,601 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,616 |
|
State of California GO |
|
|
|
|
|
|
|
|
4.13%, 06/01/14 |
|
|
|
|
400 |
|
|
|
410,584 |
|
4.50%, 06/01/14 |
|
|
|
|
110 |
|
|
|
113,187 |
|
5.00%, 06/01/14 |
|
|
|
|
220 |
|
|
|
227,108 |
|
5.00%, 08/01/14 |
|
|
|
|
50 |
|
|
|
52,015 |
|
5.25%, 12/01/28 |
|
(PR 06/01/14) |
|
|
200 |
|
|
|
206,768 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.13%, 07/01/14 |
|
(ETM) (NPFGC) |
|
|
235 |
|
|
|
241,754 |
|
5.25%, 07/01/14 |
|
(ETM) |
|
|
810 |
|
|
|
840,124 |
|
5.25%, 07/01/14 |
|
|
|
|
1,510 |
|
|
|
1,567,682 |
|
5.25%, 07/01/14 |
|
(NPFGC-FGIC) |
|
|
150 |
|
|
|
155,730 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/23 |
|
(PR 07/01/14) |
|
|
150 |
|
|
|
155,355 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,639,061 |
|
COLORADO — 0.17% |
|
|
|
|
|
Colorado Department of Transportation RB
Transit Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/15/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
103,765 |
|
CONNECTICUT — 1.14% |
|
|
|
|
|
Hartford County Metropolitan
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/15/14 |
|
|
|
|
100 |
|
|
|
103,042 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
State of Connecticut GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(NPFGC) |
|
$ |
200 |
|
|
$ |
206,466 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
|
|
|
180 |
|
|
|
185,819 |
|
State of Connecticut ST
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,647 |
|
Town of Stratford GO |
|
|
|
|
|
|
|
|
3.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
102,237 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
701,211 |
|
DELAWARE — 0.71% |
|
|
|
|
|
County of New Castle GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.25%, 07/15/14 |
|
|
|
|
150 |
|
|
|
154,812 |
|
Delaware Transportation Authority RB
Fuel Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
140 |
|
|
|
145,106 |
|
State of Delaware GO |
|
|
|
|
|
|
|
|
5.25%, 08/01/14 |
|
|
|
|
130 |
|
|
|
135,509 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
435,427 |
|
DISTRICT OF
COLUMBIA — 0.17% |
|
|
|
|
|
District of Columbia GO |
|
|
|
|
|
|
|
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(ETM) (BHAC) |
|
|
100 |
|
|
|
103,204 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
103,204 |
|
FLORIDA — 5.05% |
|
|
|
|
|
Florida Hurricane Catastrophe Fund
Finance Corp. RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.25%, 07/01/14 |
|
|
|
|
125 |
|
|
|
128,778 |
|
5.00%, 07/01/14 |
|
|
|
|
425 |
|
|
|
440,236 |
|
Florida State Board of Education
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(NPFGC-FGIC) |
|
|
255 |
|
|
|
263,275 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
|
|
|
95 |
|
|
|
98,083 |
|
5.25%, 06/01/14 |
|
(GTD) |
|
|
100 |
|
|
|
103,412 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(GTD) |
|
|
100 |
|
|
|
103,245 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
13 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Florida State Board of Education RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AMBAC) |
|
$ |
150 |
|
|
$ |
155,413 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
150 |
|
|
|
155,413 |
|
Florida State Department of
Environmental Protection RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
300 |
|
|
|
310,698 |
|
Florida State Department of
Transportation RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
75 |
|
|
|
77,718 |
|
Florida State Turnpike Authority RB
Highway Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,624 |
|
Miami-Dade County Expressway Authority
RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/14 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
103,742 |
|
Miami-Dade County School Board
GO |
|
|
|
|
|
|
|
|
5.38%, 08/01/14 |
|
(AGM) |
|
|
235 |
|
|
|
244,948 |
|
Miami-Dade County Transit System RB
Sales Surtax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,547 |
|
5.00%, 07/01/14 |
|
(XLCA) |
|
|
100 |
|
|
|
103,547 |
|
State of Florida GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,647 |
|
6.38%, 07/01/14 |
|
|
|
|
75 |
|
|
|
78,482 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
103,245 |
|
5.00%, 06/01/14 |
|
(NPFGC,
GTD) |
|
|
125 |
|
|
|
129,056 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/01/14 |
|
(GTD) |
|
|
200 |
|
|
|
206,824 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,116,933 |
|
GEORGIA — 2.57% |
|
|
|
|
|
County of Bartow GO |
|
|
|
|
|
|
|
|
4.50%, 08/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,574 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Georgia State Road & Tollway
Authority RB Federal Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(AGM) |
|
$ |
100 |
|
|
$ |
103,163 |
|
Georgia State Road & Tollway
Authority RB Fuel Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
103,163 |
|
Georgia State Road & Tollway
Authority RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,191 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
103,163 |
|
Gwinnett County Water &
Sewerage Authority RB Water Revenue |
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
(GTD) |
|
|
150 |
|
|
|
154,779 |
|
Metropolitan Atlanta Rapid Transit
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC-FGIC) |
|
|
230 |
|
|
|
238,193 |
|
State of Georgia GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
104,029 |
|
5.50%, 07/01/14 |
|
|
|
|
300 |
|
|
|
312,024 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,632 |
|
5.00%, 07/01/18 |
|
(PR
07/01/14) |
|
|
150 |
|
|
|
155,424 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,584,335 |
|
HAWAII — 1.26% |
|
|
|
|
|
City & County of Honolulu
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
102,872 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,640 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,640 |
|
State of Hawaii GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.25%, 07/15/14 |
|
(AMBAC) |
|
|
100 |
|
|
|
103,174 |
|
|
|
|
14 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series DG |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AMBAC) |
|
$ |
350 |
|
|
$ |
362,765 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
776,091 |
|
ILLINOIS — 2.09% |
|
|
|
|
|
Chicago Transit Authority RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(AMBAC) |
|
|
100 |
|
|
|
102,772 |
|
Regional Transportation Authority RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/01/14 |
|
(NPFGC-FGIC) |
|
|
250 |
|
|
|
258,400 |
|
State of Illinois GO |
|
|
|
|
|
|
|
|
First Series |
|
|
|
|
|
|
|
|
|
|
5.50%, 08/01/14 |
|
(NPFGC) |
|
|
200 |
|
|
|
207,874 |
|
State of Illinois RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
250 |
|
|
|
258,245 |
|
State of Illinois RB Sales Tax
Revenue |
|
|
|
|
|
|
|
|
4.00%, 06/15/14 |
|
|
|
|
100 |
|
|
|
102,609 |
|
5.00%, 06/15/14 |
|
|
|
|
150 |
|
|
|
154,974 |
|
5.00%, 06/15/14 |
|
(AGM) |
|
|
200 |
|
|
|
206,552 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,291,426 |
|
INDIANA — 1.20% |
|
|
|
|
|
Indiana Transportation Finance Authority
RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.13%, 06/01/29 |
|
(PR
06/01/14) (FGIC) |
|
|
115 |
|
|
|
118,780 |
|
5.25%, 06/01/22 |
|
(PR
06/01/14) (FGIC) |
|
|
100 |
|
|
|
103,371 |
|
5.25%, 06/01/29 |
|
(PR
06/01/14) (FGIC) |
|
|
500 |
|
|
|
516,855 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
739,006 |
|
IOWA — 0.33% |
|
|
|
|
|
County of Polk GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
102,508 |
|
Iowa Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
103,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
205,702 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
KENTUCKY — 0.78% |
|
|
|
|
|
Fayette County School District Finance
Corp. RB Lease Renewal |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
2.00%, 07/01/14 |
|
(SEEK) |
|
$ |
125 |
|
|
$ |
126,739 |
|
Kentucky State Property &
Buildings Commission RB General Fund |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
145 |
|
|
|
150,708 |
|
Kentucky Turnpike Authority RB
Lease Renewal |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
200 |
|
|
|
207,202 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
484,649 |
|
LOUISIANA — 0.69% |
|
|
|
|
|
Louisiana State Citizens Property
Insurance Corp. RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/01/14 |
|
(AMBAC) |
|
|
55 |
|
|
|
56,658 |
|
State of Louisiana GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
150 |
|
|
|
156,067 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
104,045 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/14 |
|
(AGC) |
|
|
105 |
|
|
|
109,025 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
425,795 |
|
MAINE — 0.17% |
|
|
|
|
|
State of Maine GO |
|
|
|
|
|
|
|
|
4.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
102,576 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
102,576 |
|
MARYLAND — 2.62% |
|
|
|
|
|
County of Baltimore GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
200 |
|
|
|
208,058 |
|
County of Frederick GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
155 |
|
|
|
161,219 |
|
County of Howard GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/14 |
|
|
|
|
150 |
|
|
|
156,321 |
|
State of Maryland GO |
|
|
|
|
|
|
|
|
First Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(PR
08/01/14) |
|
|
100 |
|
|
|
104,003 |
|
5.00%, 08/01/18 |
|
(PR
08/01/14) |
|
|
150 |
|
|
|
156,005 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
15 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
$ |
100 |
|
|
$ |
104,029 |
|
Second Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/15/14 |
|
|
|
|
250 |
|
|
|
261,082 |
|
Second Series E |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
150 |
|
|
|
154,791 |
|
Series CC |
|
|
|
|
|
|
|
|
|
|
5.50%, 08/01/14 |
|
|
|
|
100 |
|
|
|
104,447 |
|
Washington Suburban Sanitary
District GO |
|
|
|
|
|
|
|
|
4.25%, 06/01/14 |
|
|
|
|
100 |
|
|
|
102,730 |
|
5.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
103,231 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,615,916 |
|
MASSACHUSETTS — 8.68% |
|
|
|
|
|
Commonwealth of Massachusetts
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
(PR
08/01/14) |
|
|
265 |
|
|
|
275,539 |
|
Commonwealth of
Massachusetts GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/14 |
|
|
|
|
135 |
|
|
|
138,147 |
|
5.00%, 08/01/14 |
|
|
|
|
200 |
|
|
|
208,000 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/23 |
|
(PR
08/01/14) |
|
|
350 |
|
|
|
363,920 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
(AGM) |
|
|
165 |
|
|
|
170,224 |
|
Massachusetts Bay Transportation
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(ETM) |
|
|
100 |
|
|
|
103,585 |
|
Massachusetts Bay Transportation
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(ETM) |
|
|
200 |
|
|
|
207,170 |
|
5.00%, 07/01/22 |
|
(PR
07/01/14) |
|
|
1,200 |
|
|
|
1,243,488 |
|
5.00%, 07/01/24 |
|
(PR
07/01/14) |
|
|
150 |
|
|
|
155,436 |
|
5.25%, 07/01/15 |
|
(PR
07/01/14) |
|
|
100 |
|
|
|
103,812 |
|
5.25%, 07/01/17 |
|
(PR
07/01/14) |
|
|
500 |
|
|
|
519,060 |
|
5.25%, 07/01/21 |
|
(PR
07/01/14) |
|
|
100 |
|
|
|
103,812 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/14 |
|
|
|
|
250 |
|
|
|
259,588 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Massachusetts Development Finance Agency
RB College & University Revenue |
|
|
|
|
|
|
|
|
Series Q-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
$ |
100 |
|
|
$ |
103,585 |
|
Massachusetts School Building Authority
RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.75%, 08/15/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,109 |
|
5.00%, 08/15/14 |
|
(AGM) |
|
|
235 |
|
|
|
244,872 |
|
Massachusetts Water Pollution Abatement
Trust RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series 10 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/29 |
|
(PR
08/01/14) |
|
|
500 |
|
|
|
519,885 |
|
Massachusetts Water Pollution Abatement
Trust RB Water Revenue |
|
|
|
|
|
|
|
|
Series 12 |
|
|
|
|
|
|
|
|
|
|
3.63%, 08/01/14 |
|
|
|
|
100 |
|
|
|
102,888 |
|
Series 14 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
300 |
|
|
|
312,108 |
|
Massachusetts Water Resources Authority
RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/14 |
|
(ETM) (NPFGC) |
|
|
115 |
|
|
|
119,863 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,358,091 |
|
MINNESOTA — 1.43% |
|
|
|
|
|
State of Minnesota GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
400 |
|
|
|
416,116 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
104,029 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
104,029 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
250 |
|
|
|
257,985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
882,159 |
|
MISSOURI — 0.20% |
|
|
|
|
|
City of Springfield RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(NPFGC-FGIC) |
|
|
120 |
|
|
|
124,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
124,645 |
|
|
|
|
16 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
MONTANA — 0.17% |
|
|
|
|
|
State of Montana GO |
|
|
|
|
|
|
|
|
Series G |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
$ |
100 |
|
|
$ |
103,194 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
103,194 |
|
NEBRASKA — 0.25% |
|
|
|
|
|
University of Nebraska Facilities Corp.
RB College & University Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/14 |
|
(AMBAC) |
|
|
150 |
|
|
|
155,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
155,700 |
|
NEVADA — 2.34% |
|
|
|
|
|
City of Henderson GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(ETM) (AGM) |
|
|
110 |
|
|
|
113,524 |
|
5.00%, 06/01/14 |
|
(AGM) |
|
|
140 |
|
|
|
144,441 |
|
Clark County GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(AGM) |
|
|
130 |
|
|
|
134,137 |
|
Clark County RB Port Airport &
Marina Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
195 |
|
|
|
201,659 |
|
Clark County School District
GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
110 |
|
|
|
113,731 |
|
5.00%, 06/15/14 |
|
(AMBAC) |
|
|
215 |
|
|
|
222,293 |
|
5.00%, 06/15/14 |
|
(NPFGC-FGIC) |
|
|
175 |
|
|
|
180,936 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,392 |
|
Las Vegas Valley Water District
GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(AGM) |
|
|
125 |
|
|
|
128,945 |
|
Washoe County School District
GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,149 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,446,207 |
|
NEW
HAMPSHIRE — 0.34% |
|
|
|
|
|
New Hampshire Municipal Bond Bank RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/14 |
|
|
|
|
100 |
|
|
|
103,264 |
|
5.00%, 08/15/14 |
|
(AGM) |
|
|
100 |
|
|
|
104,210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
207,474 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
NEW
JERSEY — 3.15% |
|
|
|
|
|
New Jersey Economic Development
Authority RB Tobacco & Liquor Taxes |
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
$ |
100 |
|
|
$ |
102,922 |
|
New Jersey Educational Facilities
Authority RB College & University Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/23 |
|
(PR
07/01/14) |
|
|
300 |
|
|
|
310,803 |
|
New Jersey Transportation Trust Fund
Authority RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/15/19 |
|
(PR
06/15/14) (FGIC) |
|
|
700 |
|
|
|
724,962 |
|
New Jersey Transportation Trust Fund
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/15/14 |
|
|
|
|
200 |
|
|
|
205,356 |
|
State of New Jersey GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(ETM) |
|
|
230 |
|
|
|
237,369 |
|
Series H |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/14 |
|
|
|
|
250 |
|
|
|
259,580 |
|
Series N |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/15/14 |
|
(AMBAC) |
|
|
100 |
|
|
|
104,224 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,945,216 |
|
NEW
MEXICO — 3.17% |
|
|
|
|
|
Albuquerque Bernalillo County Water
Utility Authority RB Water Revenue |
|
|
|
|
|
|
|
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
|
|
|
160 |
|
|
|
164,632 |
|
City of Albuquerque GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
102,136 |
|
4.00%, 07/01/14 |
|
|
|
|
200 |
|
|
|
205,776 |
|
New Mexico Finance Authority RB Fuel
Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.13%, 06/15/17 |
|
(PR
06/15/14) (NPFGC) |
|
|
785 |
|
|
|
812,294 |
|
5.25%, 06/15/19 |
|
(PR
06/15/14) (NPFGC) |
|
|
150 |
|
|
|
155,349 |
|
5.25%, 06/15/20 |
|
(PR
06/15/14) (NPFGC) |
|
|
100 |
|
|
|
103,566 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
17 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
New Mexico Finance Authority RB
Transit Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
(AMBAC) |
|
$ |
100 |
|
|
$ |
103,360 |
|
New Mexico Finance Authority RB
Water Revenue |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/01/14 |
|
(AMBAC) |
|
|
100 |
|
|
|
103,393 |
|
State of New Mexico RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
200 |
|
|
|
207,248 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,957,754 |
|
NEW
YORK — 9.30% |
|
|
|
|
|
Buffalo Fiscal Stability Authority RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/15/14 |
|
(NPFGC) |
|
|
125 |
|
|
|
130,292 |
|
City of New York GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
103,152 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/14 |
|
|
|
|
235 |
|
|
|
240,443 |
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
4.50%, 08/01/14 |
|
|
|
|
100 |
|
|
|
103,569 |
|
5.00%, 08/01/14 |
|
|
|
|
145 |
|
|
|
150,780 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
440 |
|
|
|
457,538 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
200 |
|
|
|
206,302 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
103,986 |
|
Series G |
|
|
|
|
|
|
|
|
|
|
4.10%, 08/01/14 |
|
|
|
|
50 |
|
|
|
51,617 |
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
103,986 |
|
Series H |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(CIFG) |
|
|
370 |
|
|
|
384,622 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
175 |
|
|
|
181,975 |
|
Series K |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
295 |
|
|
|
304,295 |
|
Series O |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
|
|
|
50 |
|
|
|
51,600 |
|
County of Orange GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/14 |
|
|
|
|
90 |
|
|
|
93,414 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Long Island Power Authority RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 06/01/14 |
|
(AGM) |
|
$ |
100 |
|
|
$ |
99,714 |
|
Metropolitan Transportation Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/14 |
|
(NPFGC) |
|
|
115 |
|
|
|
119,529 |
|
New York City Municipal Water Finance
Authority RB Water Revenue |
|
|
|
|
|
|
|
|
Series BB |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
225 |
|
|
|
232,677 |
|
Series EE |
|
|
|
|
|
|
|
|
|
|
2.50%, 06/15/14 |
|
|
|
|
225 |
|
|
|
228,616 |
|
New York City Transitional Finance
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series S-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/14 |
|
(NPFGC-FGIC) |
|
|
330 |
|
|
|
342,434 |
|
New York City Transitional Finance
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.25%, 08/01/14 |
|
(ETM) |
|
|
100 |
|
|
|
104,153 |
|
Series A-3 |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
(ETM) |
|
|
200 |
|
|
|
206,322 |
|
New York State Dormitory Authority RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
102,634 |
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,489 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
102,634 |
|
5.00%, 07/01/14 |
|
|
|
|
150 |
|
|
|
155,448 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC) |
|
|
200 |
|
|
|
207,156 |
|
New York State Dormitory Authority RB
Income Tax Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
150 |
|
|
|
155,151 |
|
New York State Dormitory Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
3.25%, 07/01/14 |
|
(NPFGC-FGIC) |
|
|
365 |
|
|
|
373,202 |
|
4.00%, 07/01/14 |
|
|
|
|
105 |
|
|
|
107,911 |
|
New York State Environmental Facilities
Corp. RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/15/14 |
|
|
|
|
200 |
|
|
|
205,394 |
|
|
|
|
18 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/15/14 |
|
|
|
$ |
100 |
|
|
$ |
102,697 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
120 |
|
|
|
124,138 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,740,870 |
|
NORTH
CAROLINA — 1.01% |
|
|
|
|
|
City of Charlotte GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
250 |
|
|
|
260,072 |
|
County of Mecklenburg GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
103,194 |
|
5.00%, 08/01/14 |
|
|
|
|
250 |
|
|
|
260,073 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
623,339 |
|
OHIO — 1.85% |
|
|
|
|
|
City of Columbus GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
200 |
|
|
|
207,264 |
|
Ohio State Water Development Authority
RB Water Revenue |
|
|
|
|
|
|
|
|
0.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
99,801 |
|
5.00%, 06/01/14 |
|
|
|
|
150 |
|
|
|
154,868 |
|
State of Ohio GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
250 |
|
|
|
257,915 |
|
State of Ohio RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series 2008-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
175 |
|
|
|
180,969 |
|
State of Ohio RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
Series 2008-1 |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/15/14 |
|
|
|
|
230 |
|
|
|
238,659 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,139,476 |
|
OKLAHOMA — 1.21% |
|
|
|
|
|
County of Oklahoma GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.25%, 08/01/14 |
|
|
|
|
230 |
|
|
|
235,879 |
|
Grand River Dam Authority RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.50%, 06/01/14 |
|
(BHAC) |
|
|
100 |
|
|
|
102,161 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Oklahoma Capital Improvement Authority
RB College & University Revenue |
|
|
|
|
|
|
|
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AMBAC) |
|
$ |
100 |
|
|
$ |
103,570 |
|
Tulsa County Independent School District
No. 1 Tulsa GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
2.00%, 06/01/14 |
|
|
|
|
300 |
|
|
|
303,516 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
745,126 |
|
OREGON — 0.70% |
|
|
|
|
|
City of Portland RB Sewer
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(NPFGC) |
|
|
220 |
|
|
|
227,095 |
|
Metro GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
102,549 |
|
Washington & Multnomah Counties
School District No. 48J Beaverton GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,170 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
432,814 |
|
PENNSYLVANIA — 1.27% |
|
|
|
|
|
City of Philadelphia RB Water &
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
100 |
|
|
|
103,342 |
|
Commonwealth of Pennsylvania
GO |
|
|
|
|
|
|
|
|
First Series |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
102,576 |
|
Third Series |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/14 |
|
|
|
|
300 |
|
|
|
311,505 |
|
Pennsylvania Intergovernmental
Cooperation Authority RB Special Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
|
|
|
160 |
|
|
|
165,504 |
|
Pennsylvania Turnpike Commission RB
Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/14 |
|
(AGM) |
|
|
100 |
|
|
|
102,393 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
785,320 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
19 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
PUERTO
RICO — 1.48% |
|
|
|
|
|
Commonwealth of Puerto Rico
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/14 |
|
|
|
$ |
205 |
|
|
$ |
204,147 |
|
Puerto Rico Electric Power Authority RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series OO |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
99,839 |
|
Series QQ |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/14 |
|
(XLCA) |
|
|
100 |
|
|
|
99,821 |
|
Puerto Rico Highway &
Transportation Authority RB Fuel Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/14 |
|
(AMBAC) |
|
|
180 |
|
|
|
179,109 |
|
Puerto Rico Infrastructure Financing
Authority RB Special Tax Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
99,403 |
|
Puerto Rico Public Buildings Authority
RB Lease Non-Terminable |
|
|
|
|
|
|
|
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/25 |
|
(PR
07/01/14) (GTD) |
|
|
225 |
|
|
|
233,807 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
916,126 |
|
TENNESSEE — 0.33% |
|
|
|
|
|
City of Murfreesboro RB Multiple
Utility Revenue |
|
|
|
|
|
|
|
|
2.50%, 06/01/14 |
|
|
|
|
100 |
|
|
|
101,520 |
|
Metropolitan Government of
Nashville & Davidson County GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
104,045 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
205,565 |
|
TEXAS — 9.50% |
|
|
|
|
|
Austin Independent School District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(PSF) |
|
|
100 |
|
|
|
104,052 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/14 |
|
|
|
|
200 |
|
|
|
204,746 |
|
City of Dallas GOL |
|
|
|
|
|
|
|
|
4.00%, 08/15/14 |
|
|
|
|
100 |
|
|
|
103,356 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
City of Houston RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
(NPFGC-FGIC) |
|
$ |
100 |
|
|
$ |
102,741 |
|
City of Irving RB Waterworks &
Sewer Revenue |
|
|
|
|
|
|
|
|
4.50%, 08/15/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,746 |
|
City of San Antonio GOL |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
150 |
|
|
|
156,069 |
|
County of Harris GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/14 |
|
|
|
|
100 |
|
|
|
104,233 |
|
County of Harris RB Highway Revenue
Tolls |
|
|
|
|
|
|
|
|
Series B-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/14 |
|
(NPFGC-FGIC) |
|
|
175 |
|
|
|
182,226 |
|
5.00%, 08/15/16 |
|
(PR
08/15/14) (NPFGC-FGIC) |
|
|
1,250 |
|
|
|
1,302,262 |
|
Crowley Independent School
District GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
(PSF) |
|
|
115 |
|
|
|
118,660 |
|
Dallas Independent School District
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/14 |
|
(PSF) |
|
|
150 |
|
|
|
156,356 |
|
Eagle Mountain & Saginaw
Independent School District GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/14 |
|
(PSF) |
|
|
200 |
|
|
|
208,402 |
|
Houston Independent School
District GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
6.30%, 08/15/14 |
|
(PSF) |
|
|
200 |
|
|
|
210,666 |
|
Klein Independent School District
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(PSF) |
|
|
100 |
|
|
|
104,052 |
|
Leander Independent School
District GO |
|
|
|
|
|
|
|
|
4.00%, 08/15/14 |
|
(FGIC) |
|
|
200 |
|
|
|
206,448 |
|
Lewisville Independent School
District GO |
|
|
|
|
|
|
|
|
4.25%, 08/15/14 |
|
(PSF) |
|
|
100 |
|
|
|
103,582 |
|
Magnolia Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/14 |
|
(PSF) |
|
|
100 |
|
|
|
104,201 |
|
|
|
|
20 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
North East Independent School District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/22 |
|
(PR
08/01/14) (PSF) |
|
$ |
200 |
|
|
$ |
208,026 |
|
5.00%, 08/01/29 |
|
(PR
08/01/14) (PSF) |
|
|
250 |
|
|
|
260,033 |
|
5.00%, 08/01/33 |
|
(PR
08/01/14) (PSF) |
|
|
465 |
|
|
|
483,660 |
|
5.25%, 08/01/14 |
|
(PSF) |
|
|
130 |
|
|
|
135,539 |
|
Round Rock Independent School District
GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
150 |
|
|
|
154,826 |
|
San Antonio Independent School District
GO |
|
|
|
|
|
|
|
|
5.25%, 08/15/14 |
|
(PSF) |
|
|
100 |
|
|
|
104,456 |
|
State of Texas GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
104,045 |
|
Texas Public Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
230 |
|
|
|
238,335 |
|
Texas Water Development Board RB Water
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/14 |
|
|
|
|
100 |
|
|
|
103,833 |
|
University of Texas System Board of
Regents RB College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/14 |
|
|
|
|
100 |
|
|
|
104,262 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/14 |
|
|
|
|
100 |
|
|
|
104,262 |
|
5.25%, 08/15/14 |
|
|
|
|
275 |
|
|
|
287,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,864,395 |
|
UTAH — 2.76% |
|
|
|
|
|
County of Salt Lake GO |
|
|
|
|
|
|
|
|
4.00%, 06/15/14 |
|
|
|
|
100 |
|
|
|
102,711 |
|
County of Salt Lake RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
250 |
|
|
|
260,110 |
|
Davis County School District
GO |
|
|
|
|
|
|
|
|
4.25%, 06/01/14 |
|
(GTD) |
|
|
125 |
|
|
|
128,295 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
State of Utah GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
$ |
250 |
|
|
$ |
259,080 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
(PR
07/01/14) |
|
|
350 |
|
|
|
362,628 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
|
|
|
250 |
|
|
|
257,200 |
|
5.00%, 07/01/14 |
|
|
|
|
225 |
|
|
|
233,172 |
|
Utah Transit Authority RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,411 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,706,607 |
|
VIRGINIA — 2.82% |
|
|
|
|
|
City of Portsmouth GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(ETM) (AGM) |
|
|
5 |
|
|
|
5,180 |
|
5.00%, 07/01/14 |
|
(AGM) |
|
|
95 |
|
|
|
98,443 |
|
City of Richmond GO |
|
|
|
|
|
|
|
|
5.00%, 07/15/14 |
|
(AGM) |
|
|
100 |
|
|
|
103,833 |
|
Commonwealth of Virginia
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/14 |
|
|
|
|
100 |
|
|
|
103,231 |
|
County of Loudoun GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(SAW) |
|
|
75 |
|
|
|
77,724 |
|
Greater Richmond Convention Center
Authority RB Hotel Occupancy Tax |
|
|
|
|
|
|
|
|
5.00%, 06/15/14 |
|
(NPFGC) |
|
|
150 |
|
|
|
154,603 |
|
Virginia Public Building Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
(SAP) |
|
|
100 |
|
|
|
103,208 |
|
5.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
104,044 |
|
5.25%, 08/01/19 |
|
(PR
08/01/14) |
|
|
500 |
|
|
|
521,155 |
|
Virginia Public School Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
110 |
|
|
|
114,420 |
|
5.25%, 08/01/14 |
|
|
|
|
190 |
|
|
|
198,079 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
|
|
|
150 |
|
|
|
156,027 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,739,947 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
21 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2014 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
WASHINGTON — 5.21% |
|
|
|
|
|
City of Seattle RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
5.00%, 08/01/14 |
|
(AGM) |
|
$ |
105 |
|
|
$ |
109,219 |
|
Energy Northwest RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
102,872 |
|
5.00%, 07/01/14 |
|
|
|
|
775 |
|
|
|
803,086 |
|
5.25%, 07/01/14 |
|
(NPFGC) |
|
|
100 |
|
|
|
103,812 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,624 |
|
Grays Harbor County Public Utility
District No. 1 RB Electric Power &
Light Revenues |
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC-FGIC) |
|
|
180 |
|
|
|
186,329 |
|
Spokane County School District
No. 354 Mead GO |
|
|
|
|
|
|
|
|
5.38%, 12/01/20 |
|
(PR
06/01/14) (AGM, GTD) |
|
|
500 |
|
|
|
517,270 |
|
State of Washington GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
350 |
|
|
|
362,684 |
|
5.00%, 07/01/19 |
|
(PR
07/01/14) |
|
|
355 |
|
|
|
367,784 |
|
Series B-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/14 |
|
|
|
|
100 |
|
|
|
103,183 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
|
|
|
100 |
|
|
|
103,624 |
|
5.00%, 08/01/14 |
|
|
|
|
140 |
|
|
|
145,625 |
|
5.50%, 07/01/14 |
|
|
|
|
200 |
|
|
|
208,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,217,112 |
|
WISCONSIN — 0.81% |
|
|
|
|
|
County of Milwaukee GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.40%, 08/01/14 |
|
|
|
|
125 |
|
|
|
128,298 |
|
State of Wisconsin RB
Sewer Revenue |
|
|
|
|
|
|
|
|
Series 2 |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/01/14 |
|
|
|
|
160 |
|
|
|
165,726 |
|
State of Wisconsin RB
Transit Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
103,601 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal
or Shares (000s)
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/14 |
|
(AMBAC) |
|
$ |
100 |
|
|
$ |
103,601 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
501,226 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MUNICIPAL BONDS &
NOTES |
|
|
|
|
|
(Cost: $60,670,256) |
|
|
|
|
|
|
60,949,752 |
|
|
SHORT-TERM
INVESTMENTS — 0.20% |
|
|
|
MONEY MARKET
FUNDS — 0.20% |
|
|
|
|
|
BlackRock Liquidity Funds: MuniFund,
Institutional Shares |
|
|
|
|
|
|
|
|
0.02%a,b |
|
|
|
|
126 |
|
|
|
126,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
126,304 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHORT-TERM
INVESTMENTS |
|
|
|
|
|
(Cost: $126,304) |
|
|
|
|
|
|
126,304 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS IN
SECURITIES — 98.95% |
|
|
|
|
|
|
|
|
(Cost: $60,796,560) |
|
|
|
|
|
|
61,076,056 |
|
Other Assets, Less
Liabilities — 1.05% |
|
|
|
646,860 |
|
|
|
|
|
|
|
|
|
|
|
|
NET
ASSETS — 100.00% |
|
|
$ |
61,722,916 |
|
|
|
|
|
|
|
|
|
|
|
|
COP — Certificates of
Participation
ETM — Escrowed to
Maturity
GO — General Obligation
GOL — General Obligation
Limited
GTD — Guaranteed by the
Commonwealth, County or State
PR — Prerefunded
PSF — Permanent School
Fund
RB — Revenue Bond
SAP — Subject to
Appropriations
SAW — State Aid
Withholding
SEEK — Support Education
Excellence in Kentucky
ST — Special Tax
Insured by:
AGC — Assured Guaranty
Corp.
AGM — Assured Guaranty
Municipal Corp.
AMBAC — Ambac Financial
Group Inc.
BHAC — Berkshire
Hathaway Assurance Corp.
CIFG — CDC IXIS
Financial Guaranty
FGIC — Financial
Guaranty Insurance Co.
NPFGC — National Public
Finance Guarantee Corp.
XLCA — XL Capital
Assurance Inc.
a |
Affiliated issuer. See Note 2. |
b |
The rate
quoted is the annualized seven-day yield of the fund at period end.
|
See notes to financial
statements.
|
|
|
22 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
MUNICIPAL BONDS &
NOTES — 98.71% |
|
|
|
ALABAMA — 0.19% |
|
|
|
|
|
Auburn University RB College &
University Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
$ |
140 |
|
|
$ |
150,671 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
150,671 |
|
ALASKA — 0.82% |
|
|
|
|
|
|
|
|
|
|
Borough of North Slope GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/30/15 |
|
|
|
|
100 |
|
|
|
106,218 |
|
5.00%, 06/30/15 |
|
(NPFGC) |
|
|
210 |
|
|
|
226,714 |
|
City of Anchorage GO |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
(AMBAC) |
|
|
150 |
|
|
|
162,676 |
|
State of Alaska GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
150 |
|
|
|
160,049 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
655,657 |
|
ARIZONA — 6.09% |
|
|
|
|
|
Arizona School Facilities Board RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
5.00%, 01/01/20 |
|
(PR
07/01/15) |
|
|
200 |
|
|
|
216,272 |
|
Arizona State University Board of
Regents RB College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
135 |
|
|
|
143,408 |
|
Arizona State University Board of
Regents RB University Revenue |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/15 |
|
|
|
|
245 |
|
|
|
266,668 |
|
Arizona Transportation Board RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,372 |
|
5.00%, 07/01/15 |
|
|
|
|
125 |
|
|
|
135,148 |
|
Arizona Transportation Board RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
270,295 |
|
City of Chandler GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
50 |
|
|
|
54,022 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
City of Chandler RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
2.50%, 07/01/15 |
|
|
|
$ |
100 |
|
|
$ |
103,718 |
|
City of Glendale GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
150 |
|
|
|
158,716 |
|
City of Glendale RB Sewer
Revenue |
|
|
|
|
|
|
|
|
5.25%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
108,315 |
|
City of Mesa RB Multiple
Utility Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
107,844 |
|
City of Phoenix GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
300 |
|
|
|
319,116 |
|
City of Scottsdale GO |
|
|
|
|
|
|
|
|
Series 2008A |
|
|
|
|
|
|
|
|
|
|
3.50%, 07/01/15 |
|
|
|
|
100 |
|
|
|
105,481 |
|
City of Tempe GO |
|
|
|
|
|
|
|
|
3.38%, 07/01/15 |
|
|
|
|
200 |
|
|
|
210,418 |
|
Maricopa County Community College
District GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
265,567 |
|
Maricopa County Unified School District
No. 4 Mesa GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,119 |
|
Maricopa County Unified School District
No. 48 Scottsdale GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/20 |
|
(PR
07/01/15) (NPFGC-FGIC) |
|
|
250 |
|
|
|
265,885 |
|
4.13%, 07/01/21 |
|
(PR
07/01/15) (NPFGC-FGIC) |
|
|
415 |
|
|
|
442,274 |
|
Maricopa County Unified School District
No. 80 Chandler GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
250 |
|
|
|
270,065 |
|
Phoenix Civic Improvement Corp. RB
Sewer Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
(NPFGC) |
|
|
150 |
|
|
|
159,477 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
23 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Phoenix Civic Improvement Corp. RB
Water Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
$ |
200 |
|
|
$ |
212,744 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,372 |
|
Pima County GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
150 |
|
|
|
161,845 |
|
Pima County RB Sewer
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
225 |
|
|
|
238,768 |
|
5.00%, 07/01/15 |
|
|
|
|
70 |
|
|
|
75,503 |
|
Pima County Unified School District
No. 1 Tucson GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.50%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
120 |
|
|
|
128,279 |
|
Regional Public Transportation Authority
RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
107,714 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,846,405 |
|
CALIFORNIA — 10.77% |
|
|
|
|
|
Acalanes Union High School
District GO |
|
|
|
|
|
|
|
|
0.00%, 08/01/15 |
|
(NPFGC) |
|
|
200 |
|
|
|
197,282 |
|
Chabot-Las Positas Community College
District GO |
|
|
|
|
|
|
|
|
0.00%, 08/01/15 |
|
(AMBAC) |
|
|
130 |
|
|
|
127,976 |
|
City & County of San Francisco
GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
235 |
|
|
|
254,047 |
|
City of Newport Beach COP
Lease Abatement |
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
75 |
|
|
|
79,616 |
|
City of Pasadena RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
125 |
|
|
|
132,421 |
|
City of Riverside RB Sewer
Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
145 |
|
|
|
157,079 |
|
Coast Community College District
GO |
|
|
|
|
|
|
|
|
5.25%, 08/01/15 |
|
(NPFGC) |
|
|
175 |
|
|
|
190,741 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
County of Orange RB General
Fund |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(NPFGC) |
|
$ |
140 |
|
|
$ |
150,632 |
|
Desert Sands Unified School
District GO |
|
|
|
|
|
|
|
|
0.00%, 06/01/15 |
|
(AMBAC) |
|
|
225 |
|
|
|
221,456 |
|
Foothill-De Anza Community College
District GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
109,121 |
|
Fremont Unified School District/Alameda
County GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
135 |
|
|
|
143,979 |
|
Los Altos Elementary School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
(AMBAC) |
|
|
100 |
|
|
|
108,615 |
|
Los Angeles Community College District
GO |
|
|
|
|
|
|
|
|
Series E-1 |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/15 |
|
|
|
|
150 |
|
|
|
157,433 |
|
Los Angeles County Metropolitan
Transportation Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
270,847 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
175 |
|
|
|
189,432 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
108,247 |
|
Los Angeles County Metropolitan
Transportation Authority RB Transit Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,263 |
|
Los Angeles Department of
Water & Power RB Electric Power &
Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
220 |
|
|
|
238,346 |
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
230 |
|
|
|
249,180 |
|
|
|
|
24 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Los Angeles Department of
Water & Power RB Water Revenue |
|
|
|
|
|
|
|
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
$ |
125 |
|
|
$ |
135,424 |
|
Los Angeles Unified School
District GO |
|
|
|
|
|
|
|
|
5.25%, 07/01/15 |
|
(NPFGC) |
|
|
200 |
|
|
|
217,256 |
|
5.75%, 07/01/15 |
|
(NPFGC) |
|
|
100 |
|
|
|
109,501 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
104,698 |
|
6.00%, 07/01/15 |
|
(FGIC) |
|
|
100 |
|
|
|
109,864 |
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
125 |
|
|
|
135,239 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
150 |
|
|
|
162,286 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
100 |
|
|
|
108,191 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(FGIC) |
|
|
75 |
|
|
|
81,143 |
|
Series H |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
100 |
|
|
|
108,191 |
|
Morgan Hill Unified School District
GO |
|
|
|
|
|
|
|
|
0.00%, 08/01/15 |
|
(AMBAC) |
|
|
60 |
|
|
|
59,131 |
|
Orange County Sanitation District RB
Sewer Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
150 |
|
|
|
163,110 |
|
Sacramento Municipal Utility District RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series U |
|
|
|
|
|
|
|
|
|
|
3.38%, 08/15/15 |
|
(AGM) |
|
|
190 |
|
|
|
200,374 |
|
5.00%, 08/15/15 |
|
(AGM) |
|
|
100 |
|
|
|
108,491 |
|
San Diego Community College
District GO |
|
|
|
|
|
|
|
|
3.00%, 08/01/15 |
|
|
|
|
200 |
|
|
|
209,910 |
|
San Diego County Regional Airport
Authority RB Port Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
150 |
|
|
|
158,474 |
|
San Diego Unified School District
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
98,732 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
2.00%, 07/01/15 |
|
|
|
$ |
100 |
|
|
$ |
102,845 |
|
Series C-2 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
150 |
|
|
|
162,232 |
|
Series D-3 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
200 |
|
|
|
216,310 |
|
San Francisco Bay Area Rapid Transit
District RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(NPFGC) |
|
|
315 |
|
|
|
340,918 |
|
San Francisco Unified School
District GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/15/15 |
|
|
|
|
260 |
|
|
|
276,364 |
|
San Mateo County Transportation
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/01/15 |
|
(NPFGC) |
|
|
100 |
|
|
|
107,852 |
|
Sonoma County Junior College
District GO |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
50 |
|
|
|
54,269 |
|
Southern California Public Power
Authority RB Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
266,157 |
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
150 |
|
|
|
161,683 |
|
State of California GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
305 |
|
|
|
325,334 |
|
4.13%, 06/01/15 |
|
(NPFGC) |
|
|
385 |
|
|
|
409,324 |
|
5.00%, 06/01/15 |
|
|
|
|
270 |
|
|
|
290,917 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
125 |
|
|
|
132,874 |
|
Visalia Unified School District
GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
150 |
|
|
|
157,931 |
|
West Contra Costa Unified School
District GO |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
0.00%, 08/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
97,994 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,565,732 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
25 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
COLORADO — 1.07% |
|
|
|
|
|
Colorado Department of Transportation RB
Federal Grant Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
(NPFGC) |
|
$ |
125 |
|
|
$ |
134,866 |
|
Colorado Department of Transportation RB
Transit Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/15/15 |
|
(NPFGC) |
|
|
265 |
|
|
|
288,169 |
|
Platte River Power Authority RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series GG |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(AGM) |
|
|
175 |
|
|
|
188,338 |
|
University of Colorado Regents RB
College & University Revenue |
|
|
|
|
|
|
|
|
5.25%, 06/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
108,108 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.25%, 06/01/15 |
|
|
|
|
125 |
|
|
|
130,979 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
850,460 |
|
CONNECTICUT — 1.51% |
|
|
|
|
|
City of Danbury GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
108,063 |
|
Hartford County Metropolitan
District GO |
|
|
|
|
|
|
|
|
3.00%, 06/01/15 |
|
|
|
|
200 |
|
|
|
208,940 |
|
State of Connecticut GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
420 |
|
|
|
452,088 |
|
State of Connecticut RB
Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.13%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,645 |
|
State of Connecticut ST
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
300 |
|
|
|
324,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,199,868 |
|
DELAWARE — 0.30% |
|
|
|
|
|
Delaware Transportation Authority RB
Fuel Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
220 |
|
|
|
237,860 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
237,860 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
DISTRICT OF COLUMBIA —
0.85% |
|
|
|
|
|
District of Columbia GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/30 |
|
(PR
06/01/15) (AMBAC) |
|
$ |
300 |
|
|
$ |
323,208 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(AGM) |
|
|
110 |
|
|
|
118,342 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(BHAC) |
|
|
220 |
|
|
|
237,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
678,620 |
|
FLORIDA — 5.94% |
|
|
|
|
|
County of Hillsborough RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(NPFGC) |
|
|
235 |
|
|
|
253,904 |
|
County of Hillsborough RB
Water Revenue |
|
|
|
|
|
|
|
|
5.50%, 08/01/15 |
|
(AMBAC) |
|
|
110 |
|
|
|
120,167 |
|
County of Miami-Dade GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,137 |
|
Florida Hurricane Catastrophe Fund
Finance Corp. RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.50%, 07/01/15 |
|
|
|
|
210 |
|
|
|
220,319 |
|
5.00%, 07/01/15 |
|
|
|
|
660 |
|
|
|
709,652 |
|
Florida State Board of Education
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
107,762 |
|
5.00%, 06/01/15 |
|
(NPFGC-FGIC) |
|
|
415 |
|
|
|
447,212 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
200 |
|
|
|
215,524 |
|
Florida State Board of Education RB
Lottery Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
210 |
|
|
|
226,779 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
107,990 |
|
Florida State Board of Education RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
269,975 |
|
|
|
|
26 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Florida State Department of
Environmental Protection RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
$ |
500 |
|
|
$ |
539,310 |
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
100 |
|
|
|
107,862 |
|
Florida State Department of
Transportation RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
125 |
|
|
|
135,101 |
|
Miami-Dade County Transit System RB
Sales Surtax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(XLCA) |
|
|
150 |
|
|
|
161,793 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
107,862 |
|
State of Florida GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,372 |
|
6.38%, 07/01/15 |
|
|
|
|
100 |
|
|
|
110,397 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
250 |
|
|
|
269,405 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
106,099 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
107,762 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
175 |
|
|
|
188,584 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,725,968 |
|
GEORGIA — 2.81% |
|
|
|
|
|
County of Columbia RB
Water Revenue |
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
105,874 |
|
Forsyth County School District
GO |
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
(AGM) |
|
|
250 |
|
|
|
265,202 |
|
Georgia State Road & Tollway
Authority RB Fuel Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
395 |
|
|
|
424,763 |
|
Gwinnett County Water &
Sewerage Authority RB Water Revenue |
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
(GTD) |
|
|
150 |
|
|
|
159,992 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
(GTD) |
|
$ |
100 |
|
|
$ |
106,661 |
|
Metropolitan Atlanta Rapid Transit
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
100 |
|
|
|
107,897 |
|
5.00%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
105 |
|
|
|
113,292 |
|
State of Georgia GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
880 |
|
|
|
951,922 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,235,603 |
|
HAWAII — 2.35% |
|
|
|
|
|
City & County of Honolulu
GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/15 |
|
(AGM) |
|
|
250 |
|
|
|
271,340 |
|
City & County of Honolulu RB
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(NPFGC) |
|
|
100 |
|
|
|
108,026 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.25%, 07/01/15 |
|
(NPFGC) |
|
|
100 |
|
|
|
106,717 |
|
County of Maui GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
150 |
|
|
|
159,018 |
|
State of Hawaii GO |
|
|
|
|
|
|
|
|
Series DG |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
475 |
|
|
|
513,470 |
|
Series DO |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
315 |
|
|
|
341,558 |
|
State of Hawaii RB Fuel Sales
Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.75%, 07/01/15 |
|
(AGM) |
|
|
250 |
|
|
|
264,657 |
|
University of Hawaii Board of Regents RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
(NPFGC) |
|
|
100 |
|
|
|
108,018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,872,804 |
|
ILLINOIS — 1.92% |
|
|
|
|
|
Chicago Transit Authority RB Capital
Grant Receipts |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(AMBAC) |
|
|
75 |
|
|
|
79,653 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
27 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Regional Transportation Authority RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.75%, 06/01/15 |
|
(AGM) |
|
$ |
100 |
|
|
$ |
108,297 |
|
Regional Transportation Authority RB
Transit Revenue |
|
|
|
|
|
|
|
|
6.00%, 06/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
108,623 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
107,918 |
|
State of Illinois GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
104,958 |
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
106,969 |
|
First Series |
|
|
|
|
|
|
|
|
|
|
5.50%, 08/01/15 |
|
(NPFGC) |
|
|
300 |
|
|
|
323,625 |
|
State of Illinois RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
75 |
|
|
|
80,708 |
|
State of Illinois RB Sales Tax
Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
220 |
|
|
|
236,561 |
|
5.00%, 06/15/15 |
|
(AGM) |
|
|
100 |
|
|
|
107,486 |
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/15/15 |
|
(NPFGC-FGIC) |
|
|
150 |
|
|
|
162,503 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,527,301 |
|
INDIANA — 0.13% |
|
|
|
|
|
Purdue University RB College &
University Revenue |
|
|
|
|
|
|
|
|
Series Y |
|
|
|
|
|
|
|
|
|
|
4.50%, 07/01/15 |
|
|
|
|
100 |
|
|
|
107,208 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,208 |
|
IOWA — 0.40% |
|
|
|
|
|
City of West Des Moines GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
106,133 |
|
Iowa Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
3.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
104,701 |
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,354 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
319,188 |
|
KENTUCKY — 0.27% |
|
|
|
|
|
Kentucky State Property &
Buildings Commission RB Lease Appropriation |
|
|
|
|
|
|
|
|
5.00%, 08/01/24 |
|
(PR
08/01/15) (AGM) |
|
|
100 |
|
|
|
108,460 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Kentucky Turnpike Authority RB
Lease Renewal |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
$ |
100 |
|
|
$ |
108,026 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
216,486 |
|
LOUISIANA — 0.68% |
|
|
|
|
|
State of Louisiana GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
(NPFGC) |
|
|
250 |
|
|
|
271,320 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
(AGC) |
|
|
250 |
|
|
|
270,848 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
542,168 |
|
MAINE — 0.14% |
|
|
|
|
|
Maine Turnpike Authority RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
100 |
|
|
|
107,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,879 |
|
MARYLAND — 5.72% |
|
|
|
|
|
City of Baltimore RB Sewer
Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
200 |
|
|
|
216,198 |
|
County of Calvert GO |
|
|
|
|
|
|
|
|
2.00%, 07/15/15 |
|
|
|
|
150 |
|
|
|
154,478 |
|
County of Frederick GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
270,158 |
|
County of Howard GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
|
|
|
280 |
|
|
|
304,175 |
|
County of Montgomery GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
150 |
|
|
|
161,718 |
|
County of Montgomery GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
110 |
|
|
|
119,381 |
|
Maryland State Department of
Transportation RB Income Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
310 |
|
|
|
334,109 |
|
Prince George’s County GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
|
|
|
100 |
|
|
|
108,339 |
|
|
|
|
28 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of Maryland GO |
|
|
|
|
|
|
|
|
Second Series |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
$ |
500 |
|
|
$ |
533,495 |
|
5.00%, 07/15/15 |
|
|
|
|
250 |
|
|
|
270,847 |
|
5.00%, 08/01/15 |
|
|
|
|
180 |
|
|
|
195,350 |
|
Second Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
106,699 |
|
5.00%, 08/01/17 |
|
(PR
08/01/15) |
|
|
575 |
|
|
|
623,317 |
|
Series DD |
|
|
|
|
|
|
|
|
|
|
5.50%, 08/01/15 |
|
|
|
|
100 |
|
|
|
109,442 |
|
Washington Suburban Sanitary
District GO |
|
|
|
|
|
|
|
|
4.25%, 06/01/15 |
|
|
|
|
150 |
|
|
|
159,846 |
|
5.00%, 06/01/15 |
|
|
|
|
195 |
|
|
|
210,233 |
|
5.00%, 06/01/16 |
|
(PR
06/01/15) |
|
|
620 |
|
|
|
667,963 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,545,748 |
|
MASSACHUSETTS —
8.15% |
|
|
|
|
|
Commonwealth of Massachusetts
GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
515 |
|
|
|
559,032 |
|
Commonwealth of Massachusetts
GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
106,145 |
|
5.25%, 08/01/15 |
|
|
|
|
100 |
|
|
|
109,008 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
350 |
|
|
|
373,524 |
|
Commonwealth of Massachusetts RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
100 |
|
|
|
107,821 |
|
Commonwealth of Massachusetts RB Fuel
Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/01/15 |
|
(NPFGC-FGIC) |
|
|
225 |
|
|
|
244,098 |
|
Massachusetts Bay Transportation
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
110 |
|
|
|
117,029 |
|
4.75%, 07/01/34 |
|
(PR
07/01/15) |
|
|
840 |
|
|
|
904,369 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
170 |
|
|
|
183,925 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
108,136 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Massachusetts Development Finance Agency
RB College & University Revenue |
|
|
|
|
|
|
|
|
Series R-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
$ |
100 |
|
|
$ |
107,971 |
|
Massachusetts Municipal Wholesale
Electric Co. RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
365 |
|
|
|
393,430 |
|
Massachusetts Port Authority RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
200 |
|
|
|
215,686 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
107,734 |
|
Massachusetts School Building Authority
RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
(AGM) |
|
|
400 |
|
|
|
434,376 |
|
5.00%, 08/15/15 |
|
(AMBAC) |
|
|
100 |
|
|
|
108,594 |
|
5.00%, 08/15/22 |
|
(PR
08/15/15) (AGM) |
|
|
350 |
|
|
|
380,338 |
|
Massachusetts Water Pollution Abatement
Trust RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series 9 |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
(PR
08/01/15) |
|
|
1,000 |
|
|
|
1,089,180 |
|
Massachusetts Water Pollution Abatement
Trust RB Water Revenue |
|
|
|
|
|
|
|
|
Series 11 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
315 |
|
|
|
341,803 |
|
Series 12 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
150 |
|
|
|
162,764 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/15 |
|
|
|
|
300 |
|
|
|
326,898 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,481,861 |
|
MICHIGAN — 0.73% |
|
|
|
|
|
Michigan Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
535 |
|
|
|
577,549 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
577,549 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
29 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
MINNESOTA — 1.92% |
|
|
|
|
|
State of Minnesota GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
$ |
100 |
|
|
$ |
107,812 |
|
5.00%, 08/01/15 |
|
|
|
|
250 |
|
|
|
271,320 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/15 |
|
|
|
|
150 |
|
|
|
157,305 |
|
5.00%, 08/01/15 |
|
|
|
|
200 |
|
|
|
217,056 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
725 |
|
|
|
773,568 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,527,061 |
|
MONTANA — 0.14% |
|
|
|
|
|
State of Montana Department of
Transportation RB Federal Grant Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(NPFGC) |
|
|
105 |
|
|
|
113,084 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
113,084 |
|
NEBRASKA — 0.74% |
|
|
|
|
|
City of Omaha GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
250 |
|
|
|
269,267 |
|
Omaha School District GO |
|
|
|
|
|
|
|
|
4.00%, 06/15/15 |
|
|
|
|
200 |
|
|
|
211,990 |
|
University of Nebraska Facilities Corp.
RB College & University Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
|
|
|
100 |
|
|
|
108,227 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
589,484 |
|
NEVADA — 1.69% |
|
|
|
|
|
Clark County GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(AGM) |
|
|
200 |
|
|
|
215,188 |
|
Clark County RB Port Airport &
Marina Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
107,734 |
|
Clark County School District
GOL |
|
|
|
|
|
|
|
|
5.50%, 06/15/15 |
|
(AGM) |
|
|
200 |
|
|
|
217,100 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/15/15 |
|
(NPFGC-FGIC) |
|
|
375 |
|
|
|
404,798 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
270 |
|
|
|
290,309 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
County of Clark RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
$ |
100 |
|
|
$ |
107,496 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,342,625 |
|
NEW HAMPSHIRE —
0.44% |
|
|
|
|
|
New Hampshire Municipal Bond Bank RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
|
|
|
100 |
|
|
|
108,417 |
|
State of New Hampshire GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.50%, 06/01/15 |
|
|
|
|
125 |
|
|
|
131,580 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
106,096 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
346,093 |
|
NEW JERSEY — 3.58% |
|
|
|
|
|
New Jersey Economic Development
Authority RB Tobacco & Liquor Taxes |
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
275 |
|
|
|
292,319 |
|
New Jersey Educational Facilities
Authority RB College & University Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
108,173 |
|
New Jersey Transportation Trust Fund
Authority RB Federal Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
(NPFGC-FGIC) |
|
|
350 |
|
|
|
376,950 |
|
New Jersey Transportation Trust Fund
Authority RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.75%, 06/15/15 |
|
(ETM) |
|
|
100 |
|
|
|
109,218 |
|
New Jersey Transportation Trust Fund
Authority RB Transit Revenue |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/15/16 |
|
(PR
06/15/15) (FGIC) |
|
|
345 |
|
|
|
373,866 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
(PR
06/15/15) (AMBAC) |
|
|
125 |
|
|
|
134,883 |
|
5.00%, 06/15/18 |
|
(PR
06/15/15) (AMBAC) |
|
|
100 |
|
|
|
107,906 |
|
|
|
|
30 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of New Jersey GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
$ |
315 |
|
|
$ |
339,526 |
|
Series L |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/15/15 |
|
(AMBAC) |
|
|
555 |
|
|
|
603,540 |
|
Series M |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/15/15 |
|
(AMBAC) |
|
|
125 |
|
|
|
136,490 |
|
Series N |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/15/15 |
|
(AMBAC) |
|
|
105 |
|
|
|
114,652 |
|
Series Q |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
|
|
|
140 |
|
|
|
152,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,849,626 |
|
NEW MEXICO — 1.59% |
|
|
|
|
|
Albuquerque Municipal School District
No. 12 GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,470 |
|
New Mexico Finance Authority RB Fuel
Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/15/15 |
|
(NPFGC) |
|
|
500 |
|
|
|
541,490 |
|
New Mexico Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
(NPFGC) |
|
|
150 |
|
|
|
161,544 |
|
Santa Fe Public School District
GO |
|
|
|
|
|
|
|
|
3.00%, 08/01/15 |
|
(SAW) |
|
|
100 |
|
|
|
104,719 |
|
State of New Mexico RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
325 |
|
|
|
351,383 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,267,606 |
|
NEW YORK — 9.86% |
|
|
|
|
|
City of New York GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
115 |
|
|
|
122,616 |
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
880 |
|
|
|
954,369 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
106,623 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
200 |
|
|
|
216,902 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,451 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series E |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/15 |
|
|
|
$ |
150 |
|
|
$ |
157,193 |
|
4.00%, 08/01/15 |
|
|
|
|
150 |
|
|
|
159,935 |
|
5.00%, 08/01/15 |
|
|
|
|
530 |
|
|
|
574,790 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
85 |
|
|
|
92,183 |
|
Series G |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
195 |
|
|
|
211,479 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
235 |
|
|
|
250,564 |
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,451 |
|
Series J-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
106,623 |
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,451 |
|
Series O |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(ETM) |
|
|
25 |
|
|
|
26,934 |
|
5.00%, 06/01/15 |
|
|
|
|
215 |
|
|
|
231,632 |
|
Series P |
|
|
|
|
|
|
|
|
|
|
3.60%, 08/01/15 |
|
(NPFGC) |
|
|
100 |
|
|
|
105,892 |
|
Long Island Power Authority RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 06/01/15 |
|
(AGM) |
|
|
100 |
|
|
|
98,800 |
|
New York City Municipal Water Finance
Authority RB Water Revenue |
|
|
|
|
|
|
|
|
Series BB |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
125 |
|
|
|
134,954 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
100 |
|
|
|
107,963 |
|
New York City Transitional Finance
Authority RB Income Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
150 |
|
|
|
160,134 |
|
Series S-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/15/15 |
|
(SAW) |
|
|
205 |
|
|
|
218,208 |
|
New York City Transitional Finance
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series S-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
108,227 |
|
Series S-1A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
(SAW) |
|
|
150 |
|
|
|
162,341 |
|
Series S-2 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
(SAW) |
|
|
115 |
|
|
|
124,461 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
31 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
New York City Transitional Finance
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
$ |
475 |
|
|
$ |
515,783 |
|
New York State Dormitory Authority RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
261,120 |
|
3.00%, 07/01/15 |
|
(GOI) |
|
|
100 |
|
|
|
104,626 |
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
105,848 |
|
5.00%, 07/01/15 |
|
(NPFGC) |
|
|
330 |
|
|
|
356,067 |
|
New York State Dormitory Authority RB
Income Tax Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
150 |
|
|
|
162,051 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
|
|
|
150 |
|
|
|
163,128 |
|
New York State Dormitory Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
200 |
|
|
|
215,614 |
|
5.00%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
180 |
|
|
|
194,218 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
200 |
|
|
|
216,824 |
|
New York State Environmental Facilities
Corp. RB Water Revenue |
|
|
|
|
|
|
|
|
5.50%, 06/15/15 |
|
|
|
|
130 |
|
|
|
141,599 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
130 |
|
|
|
140,491 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
310 |
|
|
|
335,017 |
|
Port Authority of New York &
New Jersey RB Port Airport & Marina Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
(AGM) |
|
|
155 |
|
|
|
168,321 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,838,883 |
|
NORTH CAROLINA —
1.10% |
|
|
|
|
|
City of Charlotte RB Water &
Sewer Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/15 |
|
|
|
|
165 |
|
|
|
179,835 |
|
County of Durham GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
106,148 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
County of Mecklenburg GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
$ |
125 |
|
|
$ |
133,374 |
|
State of North Carolina GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
420 |
|
|
|
452,810 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
872,167 |
|
OHIO — 2.39% |
|
|
|
|
|
City of Columbus GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
270 |
|
|
|
291,092 |
|
Ohio State University (The) RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.75%, 06/01/15 |
|
|
|
|
100 |
|
|
|
107,311 |
|
Ohio State Water Development Authority
RB Water Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/23 |
|
(PR 06/01/15) |
|
|
200 |
|
|
|
215,366 |
|
State of Ohio GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
200 |
|
|
|
216,786 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
2.50%, 08/01/15 |
|
|
|
|
175 |
|
|
|
181,694 |
|
5.00%, 08/01/15 |
|
|
|
|
420 |
|
|
|
455,251 |
|
State of Ohio RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series 2007-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
(AGM) |
|
|
50 |
|
|
|
53,937 |
|
State of Ohio RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
Series 2008-1 |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/15/15 |
|
|
|
|
350 |
|
|
|
380,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,901,971 |
|
OKLAHOMA — 1.05% |
|
|
|
|
|
Grand River Dam Authority RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.38%, 06/01/15 |
|
(BHAC) |
|
|
150 |
|
|
|
157,254 |
|
Oklahoma Capital Improvement Authority
RB Appropriations |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
2.00%, 07/01/15 |
|
|
|
|
120 |
|
|
|
123,115 |
|
|
|
|
32 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Oklahoma Capital Improvement Authority
RB College & University Revenue |
|
|
|
|
|
|
|
|
Series F |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
(AMBAC) |
|
$ |
100 |
|
|
$ |
106,063 |
|
Oklahoma Capital Improvement Authority
RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,009 |
|
Oklahoma County Independent School
District No. 89 |
|
|
|
|
|
|
|
|
3.70%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
105,488 |
|
State of Oklahoma GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/15/15 |
|
|
|
|
100 |
|
|
|
106,499 |
|
Tulsa County Independent School District
No. 5 Jenks GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
125 |
|
|
|
134,678 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
839,106 |
|
OREGON — 1.10% |
|
|
|
|
|
City of Portland RB Sewer
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(NPFGC) |
|
|
350 |
|
|
|
377,045 |
|
City of Salem GOL |
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
250 |
|
|
|
264,900 |
|
Washington & Multnomah Counties
School District No. 48J Beaverton GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(AGM) |
|
|
215 |
|
|
|
231,613 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
873,558 |
|
PENNSYLVANIA —
2.50% |
|
|
|
|
|
Bucks County GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
90 |
|
|
|
97,049 |
|
City of Philadelphia RB Water &
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
(AMBAC) |
|
|
250 |
|
|
|
271,007 |
|
Commonwealth of Pennsylvania
GO |
|
|
|
|
|
|
|
|
First Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
210 |
|
|
|
227,048 |
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
50 |
|
|
|
54,235 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Third Series |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/15 |
|
|
|
$ |
250 |
|
|
$ |
271,385 |
|
County of York GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(NPFGC) |
|
|
100 |
|
|
|
107,535 |
|
Pennsylvania Economic Development
Financing Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
115 |
|
|
|
122,412 |
|
5.00%, 07/01/15 |
|
|
|
|
400 |
|
|
|
432,764 |
|
Pennsylvania Intergovernmental
Cooperation Authority RB Special Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
|
|
|
125 |
|
|
|
134,730 |
|
Pennsylvania Turnpike Commission RB
Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.75%, 06/01/15 |
|
(AGM) |
|
|
150 |
|
|
|
159,904 |
|
Westmoreland County Municipal Authority
RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.25%, 08/15/27 |
|
(PR 08/15/15) (AGM) |
|
|
100 |
|
|
|
109,095 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,987,164 |
|
PUERTO RICO — 1.51% |
|
|
|
|
|
Commonwealth of Puerto Rico
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/15 |
|
(NPFGC) |
|
|
175 |
|
|
|
174,970 |
|
Puerto Rico Commonwealth
Aqueduct & Sewer Authority RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AGM) |
|
|
150 |
|
|
|
150,472 |
|
Puerto Rico Electric Power Authority RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series RR |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/35 |
|
(PR 07/01/15) (FGIC) |
|
|
180 |
|
|
|
194,744 |
|
Series SS |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(NPFGC) |
|
|
315 |
|
|
|
312,351 |
|
Puerto Rico Infrastructure Financing
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/15 |
|
(AMBAC) |
|
|
375 |
|
|
|
367,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,200,071 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
33 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
RHODE ISLAND —
0.22% |
|
|
|
|
|
Rhode Island Economic Development Corp.
SO Grant Anticipation |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
(NPFGC-FGIC) |
|
$ |
160 |
|
|
$ |
172,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
172,091 |
|
SOUTH CAROLINA —
0.53% |
|
|
|
|
|
State of South Carolina GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/15 |
|
|
|
|
400 |
|
|
|
424,592 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
424,592 |
|
SOUTH DAKOTA —
0.29% |
|
|
|
|
|
South Dakota Conservancy District RB
Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,412 |
|
South Dakota State Building Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(AGM) |
|
|
115 |
|
|
|
123,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
232,034 |
|
TENNESSEE — 0.44% |
|
|
|
|
|
Metropolitan Government of
Nashville & Davidson County GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,509 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
125 |
|
|
|
133,010 |
|
Metropolitan Nashville Airport Authority
RB Port Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
(AGM) |
|
|
100 |
|
|
|
105,775 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
347,294 |
|
TEXAS — 5.74% |
|
|
|
|
|
Austin Independent School District
GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
106,642 |
|
4.50%, 08/01/15 |
|
(NPFGC) |
|
|
100 |
|
|
|
107,556 |
|
5.25%, 08/01/15 |
|
(PSF) |
|
|
150 |
|
|
|
163,478 |
|
City of Bryan RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
75 |
|
|
|
80,814 |
|
City of Dallas GOL |
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
|
|
|
100 |
|
|
|
108,634 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
City of El Paso GOL |
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
(AGM) |
|
$ |
125 |
|
|
$ |
135,601 |
|
City of Houston RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
107,734 |
|
City of San Antonio GOL |
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
165 |
|
|
|
179,103 |
|
County of Bexar GOL |
|
|
|
|
|
|
|
|
5.00%, 06/15/15 |
|
(AGM) |
|
|
250 |
|
|
|
269,505 |
|
County of Harris GOL |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/15 |
|
|
|
|
200 |
|
|
|
213,612 |
|
Houston Independent School
District GOL |
|
|
|
|
|
|
|
|
0.00%, 08/15/15 |
|
(PSF) |
|
|
100 |
|
|
|
98,806 |
|
Hurst-Euless-Bedford Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
(PSF) |
|
|
110 |
|
|
|
119,453 |
|
Keller Independent School District
GO |
|
|
|
|
|
|
|
|
5.50%, 08/15/15 |
|
(PSF) |
|
|
100 |
|
|
|
109,627 |
|
Klein Independent School District
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
(PSF) |
|
|
50 |
|
|
|
54,264 |
|
Leander Independent School
District GO |
|
|
|
|
|
|
|
|
0.00%, 08/15/15 |
|
(PSF) |
|
|
185 |
|
|
|
182,791 |
|
Lewisville Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
(NPFGC-FGIC) |
|
|
150 |
|
|
|
162,714 |
|
Magnolia Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
(PSF) |
|
|
100 |
|
|
|
108,594 |
|
North East Independent
School District GO |
|
|
|
|
|
|
|
|
5.00%, 02/01/22 |
|
(PR
08/01/15) (PSF) |
|
|
110 |
|
|
|
119,328 |
|
North Texas Municipal Water District RB
Sewer Revenue |
|
|
|
|
|
|
|
|
3.00%, 06/01/15 |
|
|
|
|
100 |
|
|
|
104,210 |
|
Pflugerville Independent School
District GO |
|
|
|
|
|
|
|
|
5.25%, 08/15/15 |
|
(PSF) |
|
|
250 |
|
|
|
272,652 |
|
|
|
|
34 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Round Rock Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
$ |
200 |
|
|
$ |
217,056 |
|
5.00%, 08/01/15 |
|
(PSF) |
|
|
100 |
|
|
|
108,528 |
|
State of Texas GO |
|
|
|
|
|
|
|
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
200 |
|
|
|
217,018 |
|
Texas Public Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
150 |
|
|
|
159,504 |
|
Texas Water Development Board RB
Water Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
|
|
|
205 |
|
|
|
222,058 |
|
University of Texas System Board of
Regents RB College & University Revenue |
|
|
|
|
|
|
|
|
5.25%, 08/15/15 |
|
|
|
|
100 |
|
|
|
109,278 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
|
|
|
100 |
|
|
|
108,811 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/15/15 |
|
|
|
|
365 |
|
|
|
398,865 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/15 |
|
|
|
|
200 |
|
|
|
217,622 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,563,858 |
|
UTAH — 2.02% |
|
|
|
|
|
County of Salt Lake RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
125 |
|
|
|
135,587 |
|
Intermountain Power Agency RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
107,990 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
200 |
|
|
|
215,980 |
|
State of Utah GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
405 |
|
|
|
438,101 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/15 |
|
|
|
|
525 |
|
|
|
558,742 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Utah Transit Authority RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/15/15 |
|
(AGM) |
|
$ |
140 |
|
|
$ |
151,645 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,608,045 |
|
VIRGINIA — 3.38% |
|
|
|
|
|
City of Alexandria GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
|
|
|
100 |
|
|
|
108,339 |
|
Commonwealth of Virginia
GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
275 |
|
|
|
296,483 |
|
County of Arlington GO |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
225 |
|
|
|
240,158 |
|
County of Henrico GO |
|
|
|
|
|
|
|
|
5.00%, 07/15/15 |
|
|
|
|
100 |
|
|
|
108,339 |
|
County of Loudoun GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(SAW) |
|
|
100 |
|
|
|
108,173 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(PR
06/01/15) |
|
|
500 |
|
|
|
539,030 |
|
Virginia Public Building Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,470 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
200 |
|
|
|
216,940 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
250 |
|
|
|
271,175 |
|
Virginia Public School Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
340 |
|
|
|
368,666 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/15 |
|
|
|
|
300 |
|
|
|
326,664 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,692,437 |
|
WASHINGTON — 4.83% |
|
|
|
|
|
City of Seattle GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
185 |
|
|
|
200,812 |
|
City of Seattle RB Water
Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
106,642 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
35 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2015 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Energy Northwest RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/15 |
|
|
|
$ |
145 |
|
|
$ |
151,656 |
|
3.25%, 07/01/15 |
|
|
|
|
100 |
|
|
|
105,027 |
|
4.00%, 07/01/15 |
|
|
|
|
100 |
|
|
|
106,336 |
|
5.00%, 07/01/15 |
|
|
|
|
840 |
|
|
|
907,880 |
|
5.50%, 07/01/15 |
|
|
|
|
100 |
|
|
|
108,954 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
270,202 |
|
King County School District No. 411
Issaquah GO |
|
|
|
|
|
|
|
|
5.63%, 06/01/15 |
|
(AGM) |
|
|
250 |
|
|
|
271,915 |
|
Port of Seattle GOL |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
|
160 |
|
|
|
172,475 |
|
Port of Seattle RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
100 |
|
|
|
108,157 |
|
State of Washington GO |
|
|
|
|
|
|
|
|
0.00%, 06/01/15 |
|
(NPFGC-FGIC) |
|
|
250 |
|
|
|
247,452 |
|
4.00%, 07/01/15 |
|
|
|
|
175 |
|
|
|
186,088 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
250 |
|
|
|
270,203 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/15 |
|
|
|
|
145 |
|
|
|
157,225 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
175 |
|
|
|
189,142 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
4.50%, 07/01/15 |
|
|
|
|
120 |
|
|
|
128,650 |
|
Series R-2006A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
(AMBAC) |
|
|
140 |
|
|
|
151,313 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,840,129 |
|
WEST VIRGINIA —
0.14% |
|
|
|
|
|
State of West Virginia GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
107,692 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
107,692 |
|
WISCONSIN — 0.67% |
|
|
|
|
|
State of Wisconsin RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series 1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/15 |
|
|
|
|
260 |
|
|
|
280,964 |
|
State of Wisconsin RB
Transit Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/15 |
|
(AGM) |
|
|
135 |
|
|
|
146,498 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal or Shares (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of Wisconsin RB
Water Revenue |
|
|
|
|
|
|
|
|
Series 4 |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/15 |
|
|
|
$ |
100 |
|
|
$ |
107,762 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
535,224 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MUNICIPAL BONDS &
NOTES |
|
|
|
|
|
(Cost: $77,700,612) |
|
|
|
|
|
|
78,516,931 |
|
|
SHORT-TERM INVESTMENTS —
0.28% |
|
|
|
MONEY MARKET FUNDS —
0.28% |
|
|
|
|
|
BlackRock Liquidity Funds: MuniFund,
Institutional Shares |
|
|
|
|
|
|
|
|
0.02%a,b |
|
|
|
|
223 |
|
|
|
222,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
222,728 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHORT-TERM
INVESTMENTS |
|
|
|
|
|
(Cost: $222,728) |
|
|
|
|
|
|
222,728 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL
INVESTMENTS IN SECURITIES — 98.99% |
|
|
|
|
|
|
|
|
(Cost: $77,923,340) |
|
|
|
|
|
|
78,739,659 |
|
Other Assets, Less Liabilities —
1.01% |
|
|
|
802,323 |
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS —
100.00% |
|
|
$ |
79,541,982 |
|
|
|
|
|
|
|
|
|
|
|
|
COP — Certificates of
Participation
ETM — Escrowed to
Maturity
GO — General Obligation
GOI — General Obligation
of the Issuer
GOL — General Obligation
Limited
GTD — Guaranteed by the
Commonwealth, County or State
PR — Prerefunded
PSF — Permanent School
Fund
RB — Revenue Bond
SAW — State Aid
Withholding
SO — Special Obligation
ST — Special Tax
Insured by:
AGC — Assured Guaranty
Corp.
AGM — Assured Guaranty
Municipal Corp.
AMBAC — Ambac Financial
Group Inc.
BHAC — Berkshire
Hathaway Assurance Corp.
FGIC — Financial
Guaranty Insurance Co.
NPFGC — National Public
Finance Guarantee Corp.
XLCA — XL Capital
Assurance Inc.
a |
Affiliated issuer. See Note 2. |
b |
The rate
quoted is the annualized seven-day yield of the fund at period end.
|
See notes to financial
statements.
|
|
|
36 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
MUNICIPAL BONDS &
NOTES — 98.73% |
|
|
|
ALASKA — 0.94% |
|
|
|
|
|
Borough of North Slope GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/30/16 |
|
(NPFGC) |
|
$ |
100 |
|
|
$ |
111,460 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/30/16 |
|
|
|
|
175 |
|
|
|
190,304 |
|
City of Anchorage GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,103 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(AMBAC) |
|
|
100 |
|
|
|
112,103 |
|
State of Alaska GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
109,476 |
|
5.00%, 08/01/16 |
|
|
|
|
125 |
|
|
|
140,391 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
775,837 |
|
ARIZONA — 5.47% |
|
|
|
|
|
Arizona State University Board of
Regents RB University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
(AMBAC) |
|
|
100 |
|
|
|
108,637 |
|
Arizona State University Energy
Management LLC RB College & University Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
221,580 |
|
Arizona Transportation Board RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
95 |
|
|
|
103,532 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
163,471 |
|
Arizona Transportation Board RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
415 |
|
|
|
463,808 |
|
City of Chandler GOL |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,731 |
|
City of Mesa GO |
|
|
|
|
|
|
|
|
3.88%, 07/01/16 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
107,701 |
|
City of Mesa RB Multiple
Utility Revenue |
|
|
|
|
|
|
|
|
5.25%, 07/01/16 |
|
(NPFGC-FGIC) |
|
|
110 |
|
|
|
123,173 |
|
5.25%, 07/01/16 |
|
(ETM) (NPFGC-FGIC) |
|
|
170 |
|
|
|
191,349 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
City of Phoenix GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
$ |
200 |
|
|
$ |
223,638 |
|
6.25%, 07/01/16 |
|
|
|
|
100 |
|
|
|
115,074 |
|
City of Scottsdale GOL |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
180 |
|
|
|
201,431 |
|
City of Tempe GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
140 |
|
|
|
152,694 |
|
Maricopa County Community
College District GO |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
2.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
155,140 |
|
Maricopa County High School District
No. 210 Phoenix GO |
|
|
|
|
|
|
|
|
5.13%, 07/01/16 |
|
(NPFGC) |
|
|
90 |
|
|
|
100,654 |
|
Maricopa County Unified School District
No. 4 Mesa GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
108,610 |
|
Maricopa County Unified School District
No. 41 Gilbert GO |
|
|
|
|
|
|
|
|
3.25%, 07/01/16 |
|
|
|
|
100 |
|
|
|
106,515 |
|
Maricopa County Unified School District
No. 48 Scottsdale GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.75%, 07/01/25 |
|
(PR 07/01/16) (AGM) |
|
|
125 |
|
|
|
138,995 |
|
Maricopa County Unified School District
No. 80 Chandler GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
50 |
|
|
|
54,376 |
|
Phoenix Civic Improvement Corp. RB
Excise Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
108,981 |
|
Phoenix Civic Improvement Corp. RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
250 |
|
|
|
270,955 |
|
Phoenix Civic Improvement Corp. RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%,07/01/16 |
|
(NPFGC) |
|
|
170 |
|
|
|
188,712 |
|
Phoenix Civic Improvement Corp. RB
Water Revenue |
|
|
|
|
|
|
|
|
5.50%, 07/01/16 |
|
|
|
|
200 |
|
|
|
226,244 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
37 |
|
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Pima County GO |
|
|
|
|
|
|
|
|
4.50%, 07/01/16 |
|
(NPFGC-FGIC) |
|
$ |
100 |
|
|
$ |
109,938 |
|
Pima County RB Sewer
Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
(AGM) |
|
|
100 |
|
|
|
108,352 |
|
Scottsdale Municipal Property Corp. RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/21 |
|
(PR
07/01/16) |
|
|
395 |
|
|
|
441,914 |
|
Town of Gilbert GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,702 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,518,907 |
|
CALIFORNIA — 9.66% |
|
|
|
|
|
Alameda County Unified School
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%,08/01/16 |
|
(AGM) |
|
|
185 |
|
|
|
177,885 |
|
California State Public Works Board RB
Lease Abatement |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(NPFGC-FGIC) |
|
|
160 |
|
|
|
178,358 |
|
Chabot-Las Positas Community College
District GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
0.00%, 08/01/16 |
|
(AMBAC) |
|
|
300 |
|
|
|
288,462 |
|
City of Los Angeles RB Wastewater System
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
|
150 |
|
|
|
163,666 |
|
5.00%, 06/01/16 |
|
|
|
|
415 |
|
|
|
463,792 |
|
Coast Community College District
GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.75%, 08/01/16 |
|
(AGM) |
|
|
100 |
|
|
|
111,522 |
|
Desert Sands Unified School District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,133 |
|
East Bay Municipal Utility District RB
Sewer Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
109,110 |
|
East Bay Municipal Utility District RB
Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(NPFGC-FGIC) |
|
|
60 |
|
|
|
67,000 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Eastern Municipal Water District COP
Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(NPFGC) |
|
$ |
100 |
|
|
$ |
111,383 |
|
Los Angeles Community College
District GO |
|
|
|
|
|
|
|
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(AGM) |
|
|
200 |
|
|
|
224,808 |
|
Los Angeles County Metropolitan
Transportation Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
2.50%,07/01/16 |
|
|
|
|
105 |
|
|
|
110,645 |
|
5.00%, 07/01/16 |
|
|
|
|
275 |
|
|
|
308,547 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
290 |
|
|
|
325,377 |
|
Los Angeles Department of
Water & Power RB Electric Power &
Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
218,594 |
|
5.00%, 07/01/16 |
|
|
|
|
300 |
|
|
|
336,597 |
|
Los Angeles Unified School District
GO |
|
|
|
|
|
|
|
|
5.75%, 07/01/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
114,039 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AGM) |
|
|
200 |
|
|
|
223,990 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AGM) |
|
|
200 |
|
|
|
223,990 |
|
Series G |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AMBAC) |
|
|
120 |
|
|
|
134,394 |
|
Series KY |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
210 |
|
|
|
235,189 |
|
M-S-R Public Power Agency RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series L |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AGM) |
|
|
130 |
|
|
|
144,798 |
|
Metropolitan Water District of Southern
California RB Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
109,441 |
|
Northern California Power Agency RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,500 |
|
|
|
|
38 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Orange County Public Financing Authority
RB Lease Abatement |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(NPFGC) |
|
$ |
100 |
|
|
$ |
110,806 |
|
Sacramento Municipal Utility District RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series U |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(AGM) |
|
|
130 |
|
|
|
145,726 |
|
Sacramento Municipal Utility District RB
Water Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
106,926 |
|
San Diego Community College
District GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
109,983 |
|
San Diego Public Facilities Financing
Authority RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
325 |
|
|
|
364,621 |
|
San Diego Unified School District
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 07/01/16 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
96,682 |
|
San Ramon Valley Unified School
District GO |
|
|
|
|
|
|
|
|
4.50%, 08/01/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
111,300 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 07/01/16 |
|
(NPFGC
FGIC) |
|
|
100 |
|
|
|
97,000 |
|
Southern California Public Power
Authority RB Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
112,024 |
|
Series 2010-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
112,024 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
225 |
|
|
|
252,054 |
|
State of California GO |
|
|
|
|
|
|
|
|
4.13%, 06/01/16 |
|
(XLCA) |
|
|
125 |
|
|
|
136,531 |
|
5.00%, 06/01/16 |
|
(XLCA) |
|
|
200 |
|
|
|
222,990 |
|
5.00%, 08/01/16 |
|
|
|
|
790 |
|
|
|
885,677 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
320 |
|
|
|
350,074 |
|
5.00%, 07/01/16 |
|
|
|
|
140 |
|
|
|
156,894 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,976,532 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
COLORADO — 1.39% |
|
|
|
|
|
City & County of Denver
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
$ |
130 |
|
|
$ |
145,968 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
210 |
|
|
|
235,794 |
|
Colorado Department of Transportation RB
Federal Grant Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.25%, 06/15/16 |
|
(NPFGC) |
|
|
120 |
|
|
|
131,449 |
|
5.50%, 06/15/16 |
|
(NPFGC) |
|
|
325 |
|
|
|
366,892 |
|
Regional Transportation District COP
Lease Renewal |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
110,654 |
|
University of Colorado Regents RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
1.50%, 06/01/16 |
|
|
|
|
150 |
|
|
|
153,260 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,144,017 |
|
CONNECTICUT — 1.17% |
|
|
|
|
|
City of Norwalk GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,994 |
|
Connecticut State Health &
Educational Facility Authority RB College & University
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
1.35%, 07/01/42 |
|
(PR
07/21/16) |
|
|
350 |
|
|
|
357,028 |
|
State of Connecticut GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
250 |
|
|
|
278,575 |
|
State of Connecticut ST
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
5.25%, 07/01/16 |
|
(AMBAC) |
|
|
100 |
|
|
|
112,383 |
|
Town of Stratford GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
108,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
968,571 |
|
DELAWARE — 0.91% |
|
|
|
|
|
County of New Castle GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/15/16 |
|
|
|
|
100 |
|
|
|
109,322 |
|
5.00%, 07/15/16 |
|
|
|
|
100 |
|
|
|
112,174 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
39 |
|
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Delaware Transportation Authority RB
Transit Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
$ |
125 |
|
|
$ |
139,774 |
|
State of Delaware GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
112,023 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
106,542 |
|
5.00%, 07/01/16 |
|
|
|
|
155 |
|
|
|
173,635 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
753,470 |
|
DISTRICT OF COLUMBIA —
0.90% |
|
|
|
|
|
District of Columbia GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/01/16 |
|
(AGM) |
|
|
220 |
|
|
|
246,310 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(AGM) |
|
|
250 |
|
|
|
278,247 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(BHAC) |
|
|
50 |
|
|
|
55,720 |
|
Washington Metropolitan Area Transit
Authority RB Transit Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
166,815 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
747,092 |
|
FLORIDA — 6.33% |
|
|
|
|
|
County of Miami-Dade GO |
|
|
|
|
|
|
|
|
2.70%, 07/01/16 |
|
|
|
|
115 |
|
|
|
120,809 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
167,033 |
|
County of Miami-Dade RB Miscellaneous
Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(NPFGC-FGIC) |
|
|
275 |
|
|
|
305,896 |
|
Florida Hurricane Catastrophe Fund
Finance Corp. RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.75%, 07/01/16 |
|
|
|
|
150 |
|
|
|
160,982 |
|
5.00%, 07/01/16 |
|
|
|
|
1,000 |
|
|
|
1,109,200 |
|
Florida State Board of Education
GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
111,529 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/01/16 |
|
|
|
|
215 |
|
|
|
241,208 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Florida State Board of Education RB
Lottery Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
$ |
100 |
|
|
$ |
111,471 |
|
Florida State Board of Education RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
222,942 |
|
5.00%, 07/01/16 |
|
(NPFGC) |
|
|
290 |
|
|
|
323,266 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,471 |
|
Florida State Department of
Environmental Protection RB Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AGM) |
|
|
75 |
|
|
|
83,451 |
|
Florida State Department of
Environmental Protection RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AMBAC) |
|
|
200 |
|
|
|
222,536 |
|
5.00%, 07/01/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
111,268 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(NPFGC) |
|
|
115 |
|
|
|
127,958 |
|
Florida State Department of
Transportation RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
167,553 |
|
Lee County School Board COP
Lease Renewal |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
105,446 |
|
Miami-Dade County Expressway Authority
RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/16 |
|
(AGM) |
|
|
100 |
|
|
|
105,529 |
|
Miami-Dade County Transit System RB
Sales Surtax Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
216,934 |
|
Sarasota County School Board COP Lease
Appropriation |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/16 |
|
|
|
|
210 |
|
|
|
220,966 |
|
|
|
|
40 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of Florida GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
$ |
250 |
|
|
$ |
279,547 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
415 |
|
|
|
462,845 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
120 |
|
|
|
133,835 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,223,675 |
|
GEORGIA — 3.60% |
|
|
|
|
|
Catoosa County School District
GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
(SAW) |
|
|
100 |
|
|
|
109,092 |
|
Chatham County School District
GO |
|
|
|
|
|
|
|
|
5.25%, 08/01/16 |
|
(AGM) |
|
|
190 |
|
|
|
214,269 |
|
Cherokee County Board of
Education GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.25%, 08/01/16 |
|
(NPFGC-FGIC) |
|
|
150 |
|
|
|
164,688 |
|
County of Douglas GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
130 |
|
|
|
142,050 |
|
Forsyth County School District
GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,761 |
|
Georgia State Road & Tollway
Authority RB Federal Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
|
120 |
|
|
|
129,833 |
|
Georgia State Road & Tollway
Authority RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(NPFGC) |
|
|
590 |
|
|
|
656,357 |
|
Metropolitan Atlanta Rapid Transit
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AMBAC) |
|
|
170 |
|
|
|
189,499 |
|
5.00%, 07/01/16 |
|
(NPFGC-FGIC) |
|
|
125 |
|
|
|
139,337 |
|
State of Georgia GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
167,991 |
|
5.75%, 08/01/16 |
|
|
|
|
110 |
|
|
|
125,861 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
625 |
|
|
|
701,956 |
|
Series E-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
110 |
|
|
|
120,163 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,972,857 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
HAWAII — 1.46% |
|
|
|
|
|
City & County of Honolulu
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/16 |
|
(AGM) |
|
$ |
140 |
|
|
$ |
157,458 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
2.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
103,662 |
|
City & County of Honolulu RB
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.25%, 07/01/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
109,489 |
|
5.00%, 07/01/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
111,528 |
|
County of Hawaii GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/16 |
|
(AGC) |
|
|
100 |
|
|
|
111,639 |
|
State of Hawaii
GO Series DN |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
400 |
|
|
|
448,292 |
|
University of Hawaii System Board of
Regents RB College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/15/16 |
|
(NPFGC) |
|
|
150 |
|
|
|
163,049 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,205,117 |
|
IDAHO — 0.17% |
|
|
|
|
|
Ada & Boise Counties
Independent School District Boise City GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(NPFGC) |
|
|
125 |
|
|
|
140,091 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
140,091 |
|
ILLINOIS — 5.63% |
|
|
|
|
|
Chicago Transit Authority RB
Transit Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(AGM) |
|
|
100 |
|
|
|
108,415 |
|
Illinois Finance Authority RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
255 |
|
|
|
283,802 |
|
Illinois State Toll Highway Authority RB
Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 01/01/26 |
|
(PR
07/01/16) (AGM) |
|
|
315 |
|
|
|
352,504 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
41 |
|
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series A-2 |
|
|
|
|
|
|
|
|
|
|
5.00%, 01/01/27 |
|
(PR
07/01/16) (AGM) |
|
$ |
150 |
|
|
$ |
167,859 |
|
5.00%, 01/01/28 |
|
(PR
07/01/16) (AGM) |
|
|
550 |
|
|
|
615,483 |
|
5.00%, 01/01/31 |
|
(PR
07/01/16) (AGM) |
|
|
1,080 |
|
|
|
1,208,585 |
|
Metropolitan Pier & Exposition
Authority RB Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 06/15/16 |
|
(NPFGC-FGIC) |
|
|
140 |
|
|
|
133,224 |
|
5.50%, 06/15/16 |
|
(FGIC) |
|
|
100 |
|
|
|
112,312 |
|
Regional Transportation Authority RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.75%, 06/01/16 |
|
(AGM) |
|
|
120 |
|
|
|
134,514 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.75%, 07/01/16 |
|
(NPFGC) |
|
|
65 |
|
|
|
73,059 |
|
State of Illinois GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
270 |
|
|
|
294,125 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
160 |
|
|
|
173,746 |
|
State of Illinois RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
300 |
|
|
|
333,027 |
|
State of Illinois RB Sales Tax
Revenue |
|
|
|
|
|
|
|
|
3.00%, 06/15/16 |
|
|
|
|
100 |
|
|
|
105,365 |
|
4.00%, 06/15/16 |
|
|
|
|
100 |
|
|
|
108,086 |
|
5.00%, 06/15/16 |
|
|
|
|
200 |
|
|
|
221,506 |
|
5.00%, 06/15/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
110,810 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.50%, 06/15/16 |
|
|
|
|
100 |
|
|
|
109,420 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,645,842 |
|
INDIANA — 0.27% |
|
|
|
|
|
Indiana University RB College &
University Revenue |
|
|
|
|
|
|
|
|
Series S |
|
|
|
|
|
|
|
|
|
|
3.50%, 08/01/16 |
|
|
|
|
100 |
|
|
|
107,897 |
|
Indianapolis Local Public Improvement
Bond Bank RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
112,043 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
219,940 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
IOWA — 0.40% |
|
|
|
|
|
City of West Des Moines GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
$ |
100 |
|
|
$ |
108,831 |
|
Iowa City Community School
District GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
106,190 |
|
Iowa Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,012 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
327,033 |
|
KENTUCKY — 0.26% |
|
|
|
|
|
Kentucky State Property &
Buildings Commission RB General Fund |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.50%, 08/01/16 |
|
|
|
|
100 |
|
|
|
106,793 |
|
Kentucky Turnpike Authority RB
Lease Renewal |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,470 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
218,263 |
|
LOUISIANA — 0.81% |
|
|
|
|
|
City of Shreveport GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
150 |
|
|
|
166,415 |
|
Louisiana State Citizens Property
Insurance Corp. RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(AMBAC) |
|
|
100 |
|
|
|
109,084 |
|
State of Louisiana GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,193 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/16 |
|
|
|
|
250 |
|
|
|
280,062 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
667,754 |
|
MARYLAND — 3.93% |
|
|
|
|
|
County of Calvert GO |
|
|
|
|
|
|
|
|
3.00%, 07/15/16 |
|
|
|
|
100 |
|
|
|
106,559 |
|
County of Frederick GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
225 |
|
|
|
245,790 |
|
|
|
|
42 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
County of Howard GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
|
|
$ |
215 |
|
|
$ |
241,729 |
|
County of Montgomery GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
223,988 |
|
Maryland State Transportation Authority
RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
(AGM) |
|
|
150 |
|
|
|
163,601 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
106,344 |
|
Maryland State Transportation Authority
RB Transit Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
223,580 |
|
State of Maryland GO |
|
|
|
|
|
|
|
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
1,210 |
|
|
|
1,358,987 |
|
5.00%, 08/01/19 |
|
(PR
08/01/16) |
|
|
100 |
|
|
|
112,258 |
|
Second Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
125 |
|
|
|
140,391 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
2.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
103,892 |
|
Washington Suburban Sanitary
Commission GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
109,022 |
|
Washington Suburban Sanitary
District GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
111,694 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,247,835 |
|
MASSACHUSETTS — 6.64% |
|
|
|
|
|
Commonwealth of Massachusetts
GO |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.75%, 08/01/25 |
|
(PR
08/01/16) |
|
|
500 |
|
|
|
557,785 |
|
5.00%, 08/01/21 |
|
(PR
08/01/16) |
|
|
185 |
|
|
|
207,677 |
|
5.00%, 08/01/22 |
|
(PR
08/01/16) |
|
|
110 |
|
|
|
123,484 |
|
Commonwealth of Massachusetts
GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
705 |
|
|
|
789,515 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
420 |
|
|
|
470,350 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
$ |
175 |
|
|
$ |
195,979 |
|
Commonwealth of Massachusetts RB Fuel
Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/01/16 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
112,680 |
|
Massachusetts Bay Transportation
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
750 |
|
|
|
839,077 |
|
Massachusetts Bay Transportation
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/16 |
|
|
|
|
290 |
|
|
|
326,589 |
|
5.50%, 07/01/16 |
|
|
|
|
205 |
|
|
|
232,208 |
|
Massachusetts Health &
Educational Facilities Authority RB College & University
Revenue |
|
|
|
|
|
|
|
|
Series O |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
223,988 |
|
Massachusetts Port Authority RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/16 |
|
(AGM) |
|
|
165 |
|
|
|
184,917 |
|
Massachusetts School Building Authority
RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/16 |
|
(AMBAC) |
|
|
95 |
|
|
|
103,908 |
|
Massachusetts Water Pollution Abatement
Trust RB Federal Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
195 |
|
|
|
218,893 |
|
Massachusetts Water Pollution Abatement
Trust RB Water Revenue |
|
|
|
|
|
|
|
|
Series 12 |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
280 |
|
|
|
306,368 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/16 |
|
|
|
|
250 |
|
|
|
282,388 |
|
Massachusetts Water Resources Authority
RB Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.50%, 08/01/16 |
|
(AGM) |
|
|
100 |
|
|
|
113,661 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
43 |
|
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series J |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/16 |
|
(AGM) |
|
$ |
175 |
|
|
$ |
197,353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,486,820 |
|
MICHIGAN — 0.64% |
|
|
|
|
|
Michigan Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
475 |
|
|
|
528,927 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
528,927 |
|
MINNESOTA — 1.76% |
|
|
|
|
|
State of Minnesota GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
220 |
|
|
|
245,604 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
375 |
|
|
|
420,949 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
109,417 |
|
5.00%, 08/01/16 |
|
|
|
|
220 |
|
|
|
246,956 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
395 |
|
|
|
432,197 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,455,123 |
|
MISSISSIPPI —
0.13% |
|
|
|
|
|
|
|
|
Mississippi Development Bank RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AMBAC) |
|
|
100 |
|
|
|
109,374 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
109,374 |
|
MISSOURI — 0.54% |
|
|
|
|
|
|
|
|
City of Springfield RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
111,533 |
|
Missouri State Environmental
Improvement & Energy Resources Authority RB Water
Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
300 |
|
|
|
335,808 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
447,341 |
|
MONTANA — 0.33% |
|
|
|
|
|
|
|
|
Montana Department of Transportation RB
Federal Grant Revenue |
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
|
250 |
|
|
|
271,733 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
271,733 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
NEBRASKA — 0.44% |
|
|
|
|
|
|
|
|
Omaha Metropolitan Utilities District RB
Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
(NPFGC) |
|
$ |
100 |
|
|
$ |
108,244 |
|
University of Nebraska Facilities Corp.
RB College & University Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/16 |
|
(AMBAC) |
|
|
225 |
|
|
|
251,723 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
359,967 |
|
NEVADA — 1.80% |
|
|
|
|
|
|
|
|
|
|
Clark County RB Fuel Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AMBAC) |
|
|
300 |
|
|
|
333,804 |
|
Clark County RB Port Airport &
Marina Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
125 |
|
|
|
138,488 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,123 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
166,185 |
|
Clark County School District
GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.50%, 06/15/16 |
|
(AMBAC) |
|
|
100 |
|
|
|
109,589 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
115 |
|
|
|
127,561 |
|
5.00%, 06/15/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
110,923 |
|
Clark County Water Reclamation
District GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
166,812 |
|
State of Nevada GOL |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
200 |
|
|
|
222,722 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,487,207 |
|
NEW
HAMPSHIRE — 0.60% |
|
|
|
|
|
|
|
|
New Hampshire Municipal Bond Bank RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
|
|
|
250 |
|
|
|
279,860 |
|
State of New Hampshire GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
106,401 |
|
|
|
|
44 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
$ |
100 |
|
|
$ |
108,910 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
495,171 |
|
NEW
JERSEY — 1.77% |
|
|
|
|
|
|
|
|
New Jersey Educational Facilities
Authority RB College & University Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AGM) |
|
|
100 |
|
|
|
110,030 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,965 |
|
New Jersey Transportation Trust Fund
Authority RB Appropriations |
|
|
|
|
|
|
|
|
Series AA |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
100 |
|
|
|
111,151 |
|
New Jersey Transportation Trust Fund
Authority RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.75%, 06/15/16 |
|
|
|
|
100 |
|
|
|
113,130 |
|
New Jersey Transportation Trust Fund
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
50 |
|
|
|
55,575 |
|
State of New Jersey GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
370 |
|
|
|
412,646 |
|
Series L |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/15/16 |
|
(AMBAC) |
|
|
215 |
|
|
|
242,189 |
|
Series M |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/15/16 |
|
(AMBAC) |
|
|
125 |
|
|
|
141,670 |
|
Series Q |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/16 |
|
|
|
|
150 |
|
|
|
163,821 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,462,177 |
|
NEW
MEXICO — 0.88% |
|
|
|
|
|
|
|
|
Albuquerque Bernalillo County Water
Utility Authority RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/16 |
|
(AMBAC) |
|
|
100 |
|
|
|
112,353 |
|
Albuquerque Municipal School District
No. 12 GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(SAW) |
|
|
150 |
|
|
|
168,199 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
City of Albuquerque GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/16 |
|
|
|
$ |
100 |
|
|
$ |
106,316 |
|
4.00%, 07/01/16 |
|
|
|
|
105 |
|
|
|
114,490 |
|
City of Albuquerque RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
223,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
724,996 |
|
NEW
YORK — 10.79% |
|
|
|
|
|
|
|
|
City of New York GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/16 |
|
|
|
|
220 |
|
|
|
234,157 |
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/16 |
|
|
|
|
100 |
|
|
|
109,351 |
|
5.00%, 08/01/16 |
|
|
|
|
125 |
|
|
|
140,051 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
1,305 |
|
|
|
1,425,556 |
|
5.00%, 08/01/16 |
|
|
|
|
280 |
|
|
|
313,715 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
175 |
|
|
|
196,072 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
500 |
|
|
|
560,205 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
150 |
|
|
|
168,062 |
|
Series G |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,041 |
|
5.25%, 08/01/16 |
|
|
|
|
125 |
|
|
|
140,926 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,041 |
|
Series J |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
280 |
|
|
|
313,715 |
|
Series J-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
440 |
|
|
|
492,980 |
|
Metropolitan Transportation Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.75%, 07/01/16 |
|
(SAP) |
|
|
95 |
|
|
|
107,694 |
|
New York City Municipal Water Finance
Authority RB Water Revenue |
|
|
|
|
|
|
|
|
Series AA |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
200 |
|
|
|
223,996 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
45 |
|
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series BB |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/15/16 |
|
|
|
$ |
100 |
|
|
$ |
109,284 |
|
Series EE |
|
|
|
|
|
|
|
|
|
|
3.00%, 06/15/16 |
|
|
|
|
95 |
|
|
|
101,269 |
|
5.00%, 06/15/16 |
|
|
|
|
100 |
|
|
|
111,998 |
|
Series FF |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
175 |
|
|
|
195,997 |
|
Series GG |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
100 |
|
|
|
111,998 |
|
New York City Transitional Finance
Authority RB Income Tax Revenue |
|
|
|
|
|
|
|
|
Series C-1 |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/16 |
|
|
|
|
200 |
|
|
|
213,156 |
|
4.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
109,383 |
|
Series S-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/16 |
|
(SAW) |
|
|
100 |
|
|
|
112,024 |
|
New York City Transitional Finance
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series S-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/15/16 |
|
(NPFGC-FGIC) |
|
|
105 |
|
|
|
114,725 |
|
5.00%, 07/15/16 |
|
(SAW) |
|
|
250 |
|
|
|
280,060 |
|
New York City Transitional Finance
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A-3 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,339 |
|
New York State Dormitory Authority RB
College & University Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
525 |
|
|
|
584,614 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
108,724 |
|
5.00%, 07/01/16 |
|
|
|
|
95 |
|
|
|
106,145 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
225 |
|
|
|
251,986 |
|
New York State Dormitory Authority RB
Income Tax Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/15/16 |
|
|
|
|
125 |
|
|
|
136,288 |
|
5.00%, 06/15/16 |
|
|
|
|
100 |
|
|
|
111,710 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
|
|
|
200 |
|
|
|
224,666 |
|
New York State Dormitory Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(SAP) |
|
|
100 |
|
|
|
112,024 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
New York State Environmental Facilities
Corp. RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
$ |
495 |
|
|
$ |
555,246 |
|
5.50%, 06/15/16 |
|
|
|
|
100 |
|
|
|
113,515 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/15/16 |
|
|
|
|
150 |
|
|
|
163,545 |
|
North Syracuse Central School
District GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 06/15/16 |
|
(SAW) |
|
|
100 |
|
|
|
105,766 |
|
Smithtown Central School District
GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
(SAW) |
|
|
100 |
|
|
|
109,235 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
8,906,259 |
|
NORTH
CAROLINA — 1.48% |
|
|
|
|
|
Cape Fear Public Utility Authority RB
Water Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
200 |
|
|
|
224,206 |
|
City of Charlotte GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
295 |
|
|
|
331,323 |
|
City of Charlotte RB Water &
Sewer Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,877 |
|
County of Forsyth GO |
|
|
|
|
|
|
|
|
3.50%, 08/01/16 |
|
|
|
|
100 |
|
|
|
108,073 |
|
County of Mecklenburg GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,313 |
|
State of North Carolina GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/20 |
|
(PR 06/01/16) |
|
|
100 |
|
|
|
111,421 |
|
5.25%, 06/01/16 |
|
|
|
|
100 |
|
|
|
112,356 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
111,694 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,223,263 |
|
OHIO — 2.01% |
|
|
|
|
|
City of Columbus GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
109,153 |
|
Ohio State Water Development Authority
RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
250 |
|
|
|
278,822 |
|
|
|
|
46 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of Ohio GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
$ |
200 |
|
|
$ |
224,024 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
125 |
|
|
|
139,438 |
|
5.00%, 06/15/18 |
|
(PR
06/15/16) |
|
|
185 |
|
|
|
206,682 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
325 |
|
|
|
364,161 |
|
State of Ohio RB Highway
Revenue Tolls Series 2008-1 |
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
300 |
|
|
|
334,044 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,656,324 |
|
OKLAHOMA — 0.78% |
|
|
|
|
|
Grand River Dam Authority RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
(BHAC) |
|
|
100 |
|
|
|
108,526 |
|
5.00%, 06/01/16 |
|
(BHAC) |
|
|
55 |
|
|
|
61,140 |
|
Oklahoma Capital Improvement Authority
RB Miscellaneous Revenue Series A |
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
250 |
|
|
|
271,237 |
|
Tulsa County Independent School District
No. 3 Broken Arrow GO |
|
|
|
|
|
|
|
|
2.00%, 06/01/16 |
|
|
|
|
200 |
|
|
|
206,548 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
647,451 |
|
OREGON — 0.62% |
|
|
|
|
|
Clackamas County School District
No. 12 North Clackamas GO |
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
(AGM,
GTD) |
|
|
100 |
|
|
|
111,665 |
|
State of Oregon
GO Series A |
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
165 |
|
|
|
180,588 |
|
Washington & Multnomah Counties
School District No. 48J Beaverton GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(AGM) |
|
|
200 |
|
|
|
222,946 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
515,199 |
|
PENNSYLVANIA — 3.67% |
|
|
|
|
|
City of Philadelphia GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(CIFG) |
|
|
100 |
|
|
|
110,955 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
City of Philadelphia RB Water &
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
$ |
140 |
|
|
$ |
155,572 |
|
Commonwealth of Pennsylvania
GO |
|
|
|
|
|
|
|
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
223,638 |
|
Third Series |
|
|
|
|
|
|
|
|
|
|
5.38%, 07/01/16 |
|
(NPFGC) |
|
|
770 |
|
|
|
868,868 |
|
Pennsylvania Economic Development
Financing Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
425 |
|
|
|
464,147 |
|
5.00%, 07/01/16 |
|
|
|
|
350 |
|
|
|
391,776 |
|
Pennsylvania Intergovernmental
Cooperation Authority RB Special Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
|
|
|
430 |
|
|
|
478,796 |
|
Pennsylvania State University RB
College & University Revenue |
|
|
|
|
|
|
|
|
5.25%, 08/15/16 |
|
|
|
|
100 |
|
|
|
112,837 |
|
Pennsylvania Turnpike Commission RB
Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
(AGM) |
|
|
200 |
|
|
|
220,894 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,027,483 |
|
PUERTO
RICO — 1.62% |
|
|
|
|
|
Commonwealth of Puerto Rico
GO |
|
|
|
|
|
|
|
|
0.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
82,559 |
|
6.00%, 07/01/16 |
|
(NPFGC) |
|
|
185 |
|
|
|
186,051 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AGM) |
|
|
100 |
|
|
|
100,363 |
|
5.50%, 07/01/16 |
|
(NPFGC) |
|
|
250 |
|
|
|
248,282 |
|
Puerto Rico Electric Power Authority RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series LL |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/16 |
|
(NPFGC) |
|
|
320 |
|
|
|
317,802 |
|
Series ZZ |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
94,010 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
47 |
|
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Puerto Rico Highway &
Transportation Authority RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series AA |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/16 |
|
(ETM) (FGIC) |
|
$ |
100 |
|
|
$ |
113,386 |
|
Series CC |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
95,059 |
|
Puerto Rico Municipal Finance
Agency GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/16 |
|
(AGC) |
|
|
100 |
|
|
|
101,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,338,512 |
|
RHODE
ISLAND — 0.41% |
|
|
|
|
|
Rhode Island Economic Development Corp.
SO Grant Anticipation |
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
(NPFGC-FGIC) |
|
|
125 |
|
|
|
138,619 |
|
State of Rhode Island GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(AMBAC) |
|
|
180 |
|
|
|
200,804 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
339,423 |
|
SOUTH
CAROLINA — 0.25% |
|
|
|
|
|
State of South Carolina GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
|
190 |
|
|
|
207,142 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
207,142 |
|
SOUTH
DAKOTA — 0.14% |
|
|
|
|
|
Sioux Falls School District
No. 49-5 GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,731 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
111,731 |
|
TENNESSEE — 1.24% |
|
|
|
|
|
Metropolitan Government of
Nashville & Davidson County GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
125 |
|
|
|
136,735 |
|
5.00%, 08/01/21 |
|
(PR 08/01/16) |
|
|
200 |
|
|
|
224,516 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
200 |
|
|
|
223,754 |
|
Metropolitan Government of
Nashville & Davidson County RB Water & Sewer
Revenue Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
167,030 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of Tennessee GO Series
A |
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
$ |
250 |
|
|
$ |
273,690 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,025,725 |
|
TEXAS — 6.27% |
|
|
|
|
|
Alamo Community College District
GOL |
|
|
|
|
|
|
|
|
5.63%, 08/15/16 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
113,748 |
|
Austin Independent School District
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
(NPFGC) |
|
|
100 |
|
|
|
109,328 |
|
City of Corpus Christi RB Multiple
Utility Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/16 |
|
(AGM) |
|
|
85 |
|
|
|
94,659 |
|
City of El Paso GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
|
|
|
150 |
|
|
|
167,678 |
|
City of Irving RB Waterworks &
Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
|
|
|
115 |
|
|
|
128,981 |
|
County of Bexar GOL |
|
|
|
|
|
|
|
|
4.00%, 06/15/16 |
|
|
|
|
100 |
|
|
|
108,898 |
|
County of Harris RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(NPFGC) |
|
|
275 |
|
|
|
307,763 |
|
Denton Independent School District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(PSF) |
|
|
200 |
|
|
|
224,740 |
|
Eanes Independent School District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(PSF) |
|
|
100 |
|
|
|
112,223 |
|
Edinburg Consolidated Independent School
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(AGM) |
|
|
150 |
|
|
|
168,327 |
|
Fort Bend Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(PSF) |
|
|
320 |
|
|
|
359,584 |
|
Frisco Independent School
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/15/16 |
|
(PSF) |
|
|
100 |
|
|
|
113,081 |
|
Houston Independent School
District GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(PSF) |
|
|
125 |
|
|
|
140,463 |
|
|
|
|
48 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Leander Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(PSF) |
|
$ |
100 |
|
|
$ |
112,218 |
|
Lewisville Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(PSF) |
|
|
245 |
|
|
|
275,306 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/16 |
|
(PSF) |
|
|
125 |
|
|
|
136,909 |
|
Magnolia Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
(PSF) |
|
|
100 |
|
|
|
112,218 |
|
North East Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(PSF) |
|
|
240 |
|
|
|
269,335 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(PSF) |
|
|
100 |
|
|
|
112,223 |
|
Northside Independent School
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
5.25%, 08/15/16 |
|
(PSF) |
|
|
100 |
|
|
|
113,081 |
|
Round Rock Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
200 |
|
|
|
224,446 |
|
State of Texas GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
165 |
|
|
|
185,118 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
200 |
|
|
|
224,386 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
109,388 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
112,193 |
|
Texas Water Development Board RB
Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
5.00%, 07/15/16 |
|
|
|
|
300 |
|
|
|
336,075 |
|
University of Texas System Board of
Regents RB College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
|
|
|
200 |
|
|
|
225,292 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.25%, 08/15/16 |
|
|
|
|
100 |
|
|
|
110,479 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
|
|
$ |
330 |
|
|
$ |
371,732 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,179,872 |
|
UTAH — 2.61% |
|
|
|
|
|
County of Salt Lake RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
5.00%, 08/15/16 |
|
|
|
|
100 |
|
|
|
112,035 |
|
Intermountain Power Agency RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
50 |
|
|
|
54,391 |
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,500 |
|
5.00%, 07/01/16 |
|
(AMBAC) |
|
|
100 |
|
|
|
111,500 |
|
Metropolitan Water District of Salt
Lake & Sandy RB Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
4.00%, 07/01/16 |
|
|
|
|
220 |
|
|
|
239,505 |
|
Ogden City School District
GO |
|
|
|
|
|
|
|
|
5.00%, 06/15/16 |
|
(GTD) |
|
|
150 |
|
|
|
167,069 |
|
State of Utah GO |
|
|
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
2.00%, 07/01/16 |
|
|
|
|
120 |
|
|
|
124,579 |
|
5.00%, 07/01/16 |
|
|
|
|
1,100 |
|
|
|
1,231,934 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,152,513 |
|
VIRGINIA — 2.46% |
|
|
|
|
|
Commonwealth of Virginia
GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
|
360 |
|
|
|
392,479 |
|
County of Arlington GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
4.00%, 08/15/16 |
|
|
|
|
200 |
|
|
|
219,294 |
|
Virginia Beach Development Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
5.00%, 07/15/16 |
|
|
|
|
100 |
|
|
|
111,435 |
|
Virginia Public Building Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
200 |
|
|
|
224,146 |
|
5.00%, 08/01/16 |
|
(SAP) |
|
|
185 |
|
|
|
207,335 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
49 |
|
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Virginia Public School Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/16 |
|
(SAW) |
|
$ |
100 |
|
|
$ |
106,466 |
|
5.00%, 08/01/16 |
|
|
|
|
200 |
|
|
|
224,146 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
(SAW) |
|
|
490 |
|
|
|
549,158 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,034,459 |
|
WASHINGTON — 4.70% |
|
|
|
|
|
City of Seattle Water System Revenue RB
Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
109,328 |
|
Clark County School District
No. 114 Evergreen GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
2.00%, 06/01/16 |
|
(GTD) |
|
|
100 |
|
|
|
103,386 |
|
Energy Northwest RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/16 |
|
|
|
|
625 |
|
|
|
702,756 |
|
5.25%, 07/01/16 |
|
(NPFGC) |
|
|
130 |
|
|
|
146,173 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
7.13%, 07/01/16 |
|
|
|
|
350 |
|
|
|
410,357 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
135 |
|
|
|
150,877 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
275 |
|
|
|
307,343 |
|
Port of Seattle RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
125 |
|
|
|
138,674 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/16 |
|
|
|
|
100 |
|
|
|
108,680 |
|
Spokane County School District
No. 81 Spokane GO |
|
|
|
|
|
|
|
|
4.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
108,526 |
|
State of Washington GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
250 |
|
|
|
279,403 |
|
5.00%, 07/01/16 |
|
(AGM) |
|
|
250 |
|
|
|
279,403 |
|
Series 2010B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/16 |
|
|
|
|
400 |
|
|
|
448,292 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
300 |
|
|
|
335,283 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal
or Shares (000s)
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
(AGM) |
|
$ |
125 |
|
|
$ |
139,701 |
|
Series R-2011C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
100 |
|
|
|
111,761 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,879,943 |
|
WISCONSIN — 0.85% |
|
|
|
|
|
|
|
|
State of Wisconsin RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/16 |
|
|
|
|
150 |
|
|
|
167,466 |
|
State of Wisconsin RB
Sewer Revenue |
|
|
|
|
|
|
|
|
Series 2 |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
111,501 |
|
State of Wisconsin RB
Transit Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
5.25%, 07/01/16 |
|
(AGM) |
|
|
275 |
|
|
|
308,891 |
|
State of Wisconsin RB
Water Revenue |
|
|
|
|
|
|
|
|
Series 2 |
|
|
|
|
|
|
|
|
5.00%, 06/01/16 |
|
|
|
|
100 |
|
|
|
111,501 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
699,359 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MUNICIPAL BONDS &
NOTES |
|
|
|
|
|
(Cost: $80,501,659) |
|
|
|
|
|
|
81,526,327 |
|
|
SHORT-TERM
INVESTMENTS — 0.41% |
|
|
|
MONEY MARKET
FUNDS — 0.41% |
|
|
|
|
|
BlackRock Liquidity Funds: MuniFund,
Institutional Shares |
|
|
|
|
|
|
|
|
0.02%a,b |
|
|
|
|
344 |
|
|
|
343,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
343,901 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHORT-TERM
INVESTMENTS |
|
|
|
|
|
(Cost: $343,901) |
|
|
|
|
|
|
343,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
50 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2016 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Value |
|
|
|
|
TOTAL INVESTMENTS
IN SECURITIES — 99.14% |
|
|
|
|
|
|
(Cost: $80,845,560) |
|
|
|
$ |
81,870,228 |
|
Other Assets, Less
Liabilities — 0.86% |
|
|
706,826 |
|
|
|
|
|
|
|
|
|
|
NET
ASSETS — 100.00% |
|
$ |
82,577,054 |
|
|
|
|
|
|
|
|
|
|
COP — Certificates of
Participation
ETM — Escrowed to
Maturity
GO — General Obligation
GOL — General Obligation
Limited
GTD — Guaranteed by the
Commonwealth, County or State
PR — Prerefunded
PSF — Permanent School
Fund
RB — Revenue Bond
SAP — Subject to
Appropriations
SAW — State Aid
Withholding
SO — Special Obligation
ST — Special Tax
Insured by:
AGC — Assured Guaranty
Corp.
AGM — Assured Guaranty
Municipal Corp.
AMBAC — Ambac Financial
Group Inc.
BHAC — Berkshire
Hathaway Assurance Corp.
CIFG — CDC IXIS
Financial Guaranty
FGIC — Financial
Guaranty Insurance Co.
NPFGC — National Public
Finance Guarantee Corp.
XLCA — XL Capital
Assurance Inc.
a |
Affiliated issuer. See Note 2. |
b |
The rate
quoted is the annualized seven-day yield of the fund at period end.
|
See notes to financial
statements.
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
51 |
|
Schedule of
Investments (Unaudited)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
MUNICIPAL BONDS & NOTES —
98.75% |
|
|
|
ALABAMA — 0.17% |
|
|
|
|
|
Alabama Water Pollution Control
Authority RB Sewer Revenue Series B |
|
|
|
|
|
|
|
|
2.50%, 08/15/17 |
|
|
|
$ |
150 |
|
|
$ |
155,639 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
155,639 |
|
ALASKA — 1.19% |
|
|
|
|
|
Borough of North Slope GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/30/17 |
|
|
|
|
125 |
|
|
|
137,633 |
|
5.00%, 06/30/17 |
|
(NPFGC) |
|
|
215 |
|
|
|
245,175 |
|
City of Anchorage
GO Series A |
|
|
|
|
|
|
|
|
4.25%, 08/01/17 |
|
|
|
|
100 |
|
|
|
112,178 |
|
State of Alaska
GO Series A |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
500 |
|
|
|
577,415 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,072,401 |
|
ARIZONA — 5.40% |
|
|
|
|
|
Arizona Transportation Board RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
150 |
|
|
|
166,449 |
|
Arizona Transportation Board RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
125 |
|
|
|
143,398 |
|
Arizona Transportation Board RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
355 |
|
|
|
407,249 |
|
City of Chandler GO |
|
|
|
|
|
|
|
|
3.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
107,369 |
|
City of Glendale GOL |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
109,609 |
|
City of Glendale RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(NPFGC) |
|
|
100 |
|
|
|
112,570 |
|
City of Glendale RB Sewer
Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(NPFGC) |
|
|
100 |
|
|
|
113,984 |
|
City of Mesa RB Fuel Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
113,353 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
City of Mesa RB Multiple
Utility Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
(AGM) |
|
$ |
100 |
|
|
$ |
110,518 |
|
5.25%, 07/01/17 |
|
(NPFGC-FGIC) |
|
|
140 |
|
|
|
161,876 |
|
City of Phoenix
GO Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
215 |
|
|
|
246,902 |
|
City of Scottsdale RB Water &
Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,838 |
|
City of Tempe
GO Series C |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
250 |
|
|
|
286,895 |
|
City of Tempe RB Sales Tax
Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
215 |
|
|
|
245,704 |
|
Maricopa County Community College
District GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
221,540 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,439 |
|
Maricopa County Unified School District
No. 11 Peoria GO |
|
|
|
|
|
|
|
|
3.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
106,379 |
|
Maricopa County Unified School District
No. 210 Phoenix GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(NPFGC) |
|
|
280 |
|
|
|
320,320 |
|
Maricopa County Unified School District
No. 4 Mesa GO Series C |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
125 |
|
|
|
137,880 |
|
Phoenix Civic Improvement Corp. RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
165 |
|
|
|
187,780 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
155 |
|
|
|
176,399 |
|
Phoenix Civic Improvement Corp. RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,638 |
|
Phoenix Civic Improvement Corp. RB
Water Revenue |
|
|
|
|
|
|
|
|
5.50%, 07/01/17 |
|
|
|
|
200 |
|
|
|
233,110 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
225 |
|
|
|
258,385 |
|
|
|
|
52 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Pima County GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
(AGM) |
|
$ |
100 |
|
|
$ |
110,110 |
|
Pima County RB Sewer
Revenue |
|
|
|
|
|
|
|
|
4.50%, 07/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
111,919 |
|
5.00%, 07/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
113,589 |
|
Regional Public Transportation Authority
RB Sales Tax Revenue Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
113,431 |
|
Town of Gilbert GO |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,638 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,875,271 |
|
CALIFORNIA — 11.88% |
|
|
|
|
|
Berkeley Unified School District
GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
150 |
|
|
|
166,774 |
|
California State Public Works Board RB
Lease Abatement Series C |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
395 |
|
|
|
450,956 |
|
City of Los Angeles RB Wastewater
System Revenue Series A |
|
|
|
|
|
|
|
|
4.00%, 06/01/17 |
|
|
|
|
225 |
|
|
|
250,641 |
|
City of Pasadena RB Electric
Power & Light Revenues Series A |
|
|
|
|
|
|
|
|
3.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
107,099 |
|
County of Sacramento RB Port
Airport & Marina Revenue Series D |
|
|
|
|
|
|
|
|
3.75%, 07/01/17 |
|
(AGM) |
|
|
380 |
|
|
|
410,803 |
|
East Side Union High School
District GO Series B |
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
(AGM) |
|
|
200 |
|
|
|
221,508 |
|
Escondido Union School District
GO Series B |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
(NPFGC-FGIC) |
|
|
160 |
|
|
|
181,582 |
|
Evergreen Elementary School
District GO Series A |
|
|
|
|
|
|
|
|
6.00%, 08/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
118,397 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Long Beach Unified School
District GO Series A |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
$ |
110 |
|
|
$ |
126,563 |
|
Los Angeles Convention &
Exhibition Center Authority RB
Lease Abatement Series A |
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
75 |
|
|
|
84,916 |
|
Los Angeles County Metropolitan
Transportation Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
230,956 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
605 |
|
|
|
697,190 |
|
Los Angeles Department of
Water & Power RB Electric Power &
Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.13%, 07/01/17 |
|
|
|
|
225 |
|
|
|
251,941 |
|
5.00%, 07/01/17 |
|
|
|
|
385 |
|
|
|
444,590 |
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(AMBAC) |
|
|
200 |
|
|
|
230,956 |
|
Los Angeles Unified School District GO |
|
|
|
|
|
|
|
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
175 |
|
|
|
195,046 |
|
5.50%, 07/01/17 |
|
(FGIC) |
|
|
135 |
|
|
|
157,922 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
115,137 |
|
Series KRY |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
111,455 |
|
5.00%, 07/01/17 |
|
|
|
|
145 |
|
|
|
166,949 |
|
Series KY |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
320 |
|
|
|
368,438 |
|
M-S-R Public Power Agency RB Electric
Power & Light Revenues Series L |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
114,261 |
|
Metropolitan Water District of Southern
California RB Water Revenue Series C |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
111,102 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
53 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Northern California Power Agency RB
Electric Power & Light Revenues Series A |
|
|
|
|
|
|
|
|
3.00%, 06/01/17 |
|
|
|
$ |
100 |
|
|
$ |
107,661 |
|
Orange County Public Financing Authority
RB Lease Abatement |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(NPFGC) |
|
|
225 |
|
|
|
255,582 |
|
Sacramento Municipal Utility District RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series U |
|
|
|
|
|
|
|
|
|
|
3.63%, 08/15/17 |
|
(AGM) |
|
|
220 |
|
|
|
241,199 |
|
5.00%, 08/15/17 |
|
(AGM) |
|
|
200 |
|
|
|
229,680 |
|
San Diego County Regional Airport
Authority RB Port Airport &
Marina Revenue Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
175 |
|
|
|
197,682 |
|
San Diego Public Facilities Financing
Authority RB Water Revenue Series A |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
225 |
|
|
|
259,522 |
|
San Diego Unified School District
GO Series D-1 |
|
|
|
|
|
|
|
|
5.50%, 07/01/17 |
|
(NPFGC) |
|
|
305 |
|
|
|
353,660 |
|
San Francisco Bay Area Rapid Transit
District RB Sales Tax Revenue Series A |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
111,514 |
|
San Francisco Unified School
District GO Series A |
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
230 |
|
|
|
264,465 |
|
San Mateo County Transportation
Authority RB Sales Tax Revenue Series A |
|
|
|
|
|
|
|
|
5.25%, 06/01/17 |
|
(NPFGC) |
|
|
130 |
|
|
|
149,035 |
|
Santa Clara Unified School
District GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
230,516 |
|
Santa Monica Community College District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
245 |
|
|
|
282,992 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Santa Monica-Malibu Unified School
District GO |
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
|
|
$ |
100 |
|
|
$ |
116,589 |
|
Southern California Public Power
Authority RB Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
280 |
|
|
|
322,496 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
230,435 |
|
Southwestern Community College District
GO Series B |
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
(NPFGC-FGIC) |
|
|
120 |
|
|
|
139,738 |
|
State of California GO |
|
|
|
|
|
|
|
|
4.20%, 06/01/17 |
|
(XLCA) |
|
|
100 |
|
|
|
111,689 |
|
5.00%, 06/01/17 |
|
(XLCA) |
|
|
645 |
|
|
|
738,654 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.25%, 07/01/17 |
|
|
|
|
100 |
|
|
|
112,553 |
|
5.00%, 07/01/17 |
|
|
|
|
735 |
|
|
|
847,286 |
|
West Contra Costa Unified School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
113,650 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,731,780 |
|
COLORADO — 0.69% |
|
|
|
|
|
Boulder County RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
|
|
|
50 |
|
|
|
57,434 |
|
City & County of Denver
GO Series A |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
200 |
|
|
|
230,884 |
|
Regional Transportation District COP
Lease Renewal Series A |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
112,967 |
|
University of Colorado Regents RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
110,843 |
|
5.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
114,439 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
626,567 |
|
CONNECTICUT — 1.63% |
|
|
|
|
|
City of Danbury
GO Series B |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
265 |
|
|
|
304,533 |
|
|
|
|
54 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
City of Hartford GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/15/17 |
|
(ETM) (AMBAC) |
|
$ |
95 |
|
|
$ |
110,469 |
|
5.25%, 08/15/17 |
|
(AMBAC) |
|
|
5 |
|
|
|
5,820 |
|
City of Stamford
GO Series B |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
300 |
|
|
|
345,714 |
|
State of Connecticut
GO Series C |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
355 |
|
|
|
407,188 |
|
State of Connecticut ST
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
(AMBAC) |
|
|
100 |
|
|
|
111,080 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/17 |
|
(AMBAC) |
|
|
165 |
|
|
|
190,669 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,475,473 |
|
DELAWARE — 1.32% |
|
|
|
|
|
City of Wilmington
GO Series A |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
114,244 |
|
County of New Castle
GO Series A |
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
|
|
|
200 |
|
|
|
230,790 |
|
Delaware Transportation Authority RB
Fuel Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
150 |
|
|
|
172,197 |
|
Delaware Transportation Authority RB
Transit Revenue Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
115 |
|
|
|
132,018 |
|
State of Delaware GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
107,792 |
|
5.00%, 07/01/17 |
|
|
|
|
280 |
|
|
|
322,778 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
115,278 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,195,097 |
|
DISTRICT OF COLUMBIA —
0.64% |
|
|
|
|
|
District of Columbia GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(AMBAC) |
|
|
85 |
|
|
|
96,567 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(AGM) |
|
$ |
100 |
|
|
$ |
113,608 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(BHAC) |
|
|
325 |
|
|
|
370,357 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
580,532 |
|
FLORIDA — 4.84% |
|
|
|
|
|
County of Miami-Dade GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,122 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,122 |
|
County of Miami-Dade RB Miscellaneous
Revenue |
|
|
|
|
|
|
|
|
4.50%, 08/01/17 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
111,787 |
|
5.00%, 08/01/17 |
|
(NPFGC-FGIC) |
|
|
270 |
|
|
|
306,855 |
|
Florida State Board of Education GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
270 |
|
|
|
309,404 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/01/17 |
|
|
|
|
150 |
|
|
|
174,590 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
175 |
|
|
|
200,540 |
|
Florida State Board of Education RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
228,402 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
235 |
|
|
|
268,372 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
228,402 |
|
Florida State Department of
Environmental Protection RB Miscellaneous
Taxes Series B |
|
|
|
|
|
|
|
|
5.25%, 07/01/17 |
|
|
|
|
215 |
|
|
|
246,990 |
|
Florida State Department of
Environmental Protection RB Sales Tax
Revenue Series A |
|
|
|
|
|
|
|
|
3.25%, 07/01/17 |
|
|
|
|
110 |
|
|
|
118,231 |
|
Florida State Department of
Transportation RB Highway Revenue Tolls Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
229,276 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
55 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Lee County School Board COP
Lease Renewal Series B |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
$ |
100 |
|
|
$ |
113,409 |
|
Miami-Dade County Transit System RB
Sales Surtax Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
115 |
|
|
|
126,449 |
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
113,609 |
|
Miami-Dade County Transit System RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
113,609 |
|
State of Florida GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
375 |
|
|
|
429,727 |
|
5.00%, 07/01/17 |
|
|
|
|
210 |
|
|
|
241,160 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
135 |
|
|
|
154,702 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
225 |
|
|
|
257,837 |
|
State of Florida RB Lottery
Revenue Series C |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
145 |
|
|
|
165,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,367,186 |
|
GEORGIA — 3.83% |
|
|
|
|
|
County of Cobb RB Water &
Sewerage Revenue |
|
|
|
|
|
|
|
|
4.50%, 07/01/17 |
|
|
|
|
100 |
|
|
|
113,316 |
|
Georgia State Road & Tollway
Authority RB Federal Grant Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
140 |
|
|
|
159,615 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
109,969 |
|
Georgia State Road & Tollway
Authority RB Miscellaneous Taxes Series A |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
425 |
|
|
|
484,547 |
|
Gwinnett County Water &
Sewerage Authority RB Water Revenue Series A |
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
(GTD) |
|
|
200 |
|
|
|
223,120 |
|
State of Georgia GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
115,238 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/19 |
|
(PR
08/01/17) |
|
$ |
650 |
|
|
$ |
748,937 |
|
5.00%, 08/01/21 |
|
(PR
08/01/17) |
|
|
600 |
|
|
|
691,326 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
535 |
|
|
|
616,523 |
|
Series J-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
175 |
|
|
|
195,081 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,457,672 |
|
HAWAII — 1.65% |
|
|
|
|
|
City & County of Honolulu
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
125 |
|
|
|
138,999 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
2.50%, 08/01/17 |
|
|
|
|
100 |
|
|
|
105,570 |
|
City & County of Honolulu RB
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.25%, 07/01/17 |
|
|
|
|
100 |
|
|
|
108,019 |
|
4.25%, 07/01/17 |
|
(NPFGC) |
|
|
150 |
|
|
|
167,532 |
|
5.00%, 07/01/17 |
|
|
|
|
125 |
|
|
|
143,049 |
|
State of Hawaii GO |
|
|
|
|
|
|
|
|
Series DN |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
150 |
|
|
|
172,428 |
|
Series DQ |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
250 |
|
|
|
286,192 |
|
Series DR |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
120 |
|
|
|
137,372 |
|
State of Hawaii RB Fuel Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.50%, 07/01/17 |
|
|
|
|
200 |
|
|
|
231,906 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,491,067 |
|
IDAHO — 0.12% |
|
|
|
|
|
Ada & Canyon Counties Joint
School District No. 2 Meridian GO Series 2010 |
|
|
|
|
|
|
|
|
3.00%, 07/30/17 |
|
|
|
|
100 |
|
|
|
106,917 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
106,917 |
|
|
|
|
|
|
|
|
|
|
|
|
ILLINOIS — 2.25% |
|
|
|
|
|
Illinois Finance Authority RB
College & University Revenue Series B |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
113,924 |
|
|
|
|
56 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Metropolitan Pier & Exposition
Authority RB Miscellaneous Taxes |
|
|
|
|
|
|
|
|
0.00%, 06/15/17 |
|
(NPFGC-FGIC) |
|
$ |
155 |
|
|
$ |
143,141 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/15/17 |
|
(NPFGC-FGIC) |
|
|
90 |
|
|
|
102,950 |
|
Metropolitan Pier & Exposition
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.20%, 06/15/17 |
|
(NPFGC) |
|
|
100 |
|
|
|
113,311 |
|
Regional Transportation Authority RB
Sales Tax Revenue Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
150 |
|
|
|
169,236 |
|
5.75%, 06/01/17 |
|
(AGM) |
|
|
125 |
|
|
|
144,031 |
|
6.00%, 07/01/17 |
|
(NPFGC-FGIC) |
|
|
200 |
|
|
|
232,286 |
|
State of Illinois
GO Series A |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
450 |
|
|
|
495,077 |
|
State of Illinois RB Sales Tax
Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
350 |
|
|
|
396,424 |
|
5.00%, 06/15/17 |
|
(ETM) |
|
|
5 |
|
|
|
5,732 |
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/15/17 |
|
(NPFGC-FGIC) |
|
|
100 |
|
|
|
115,107 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,031,219 |
|
IOWA — 0.75% |
|
|
|
|
|
Iowa Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
4.25%, 08/01/17 |
|
|
|
|
250 |
|
|
|
280,645 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
111,319 |
|
State of Iowa RB General
Fund Revenue Series A |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
150 |
|
|
|
171,075 |
|
State of Iowa RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
4.00%, 06/15/17 |
|
|
|
|
100 |
|
|
|
110,534 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
673,573 |
|
KANSAS — 0.50% |
|
|
|
|
|
Johnson County Water District No. 1
RB Water Revenue |
|
|
|
|
|
|
|
|
4.50%, 06/01/17 |
|
|
|
|
400 |
|
|
|
451,180 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
451,180 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
KENTUCKY — 0.38% |
|
|
|
|
|
Kentucky State Property &
Buildings Commission RB Lease Renewal Series A |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
$ |
100 |
|
|
$ |
114,296 |
|
Kentucky Turnpike Authority RB
Lease Renewal Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
228,562 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
342,858 |
|
LOUISIANA — 0.20% |
|
|
|
|
|
Louisiana Public Facilities Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
4.00%, 06/01/17 |
|
(AMBAC) |
|
|
165 |
|
|
|
176,458 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
176,458 |
|
MAINE — 0.13% |
|
|
|
|
|
Maine Turnpike Authority RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
114,241 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
114,241 |
|
MARYLAND — 4.79% |
|
|
|
|
|
City of Baltimore RB Sewer
Revenue Series D |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(AMBAC) |
|
|
150 |
|
|
|
172,197 |
|
County of Baltimore GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
170 |
|
|
|
196,321 |
|
County of Frederick GO |
|
|
|
|
|
|
|
|
4.00%, 06/01/17 |
|
|
|
|
50 |
|
|
|
55,498 |
|
County of Howard
GO Series B |
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
215 |
|
|
|
248,448 |
|
County of Montgomery GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
115,238 |
|
5.00%, 08/01/17 |
|
|
|
|
200 |
|
|
|
230,966 |
|
Maryland State Department of
Transportation RB Income Tax Revenue Second Series |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
114,907 |
|
Maryland State Transportation Authority
RB Transit Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
225 |
|
|
|
258,296 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
57 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
$ |
380 |
|
|
$ |
422,264 |
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,798 |
|
Prince George’s County GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/22 |
|
(PR 07/15/17) |
|
|
250 |
|
|
|
288,742 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
|
|
|
100 |
|
|
|
115,354 |
|
State of Maryland GO |
|
|
|
|
|
|
|
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
|
|
|
250 |
|
|
|
288,385 |
|
5.00%, 08/01/17 |
|
|
|
|
225 |
|
|
|
259,837 |
|
Second Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/15/17 |
|
|
|
|
100 |
|
|
|
107,879 |
|
Second Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
275 |
|
|
|
317,578 |
|
5.25%, 08/15/17 |
|
|
|
|
285 |
|
|
|
332,162 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.50%, 08/01/17 |
|
|
|
|
250 |
|
|
|
283,802 |
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
115,483 |
|
Washington Suburban Sanitary
District GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
250 |
|
|
|
287,462 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,325,617 |
|
MASSACHUSETTS —
5.18% |
|
|
|
|
|
Commonwealth of
Massachusetts GO Series C |
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
|
|
|
210 |
|
|
|
243,197 |
|
Commonwealth of Massachusetts GOL |
|
|
|
|
|
|
|
|
Series A |
|
5.00%, 08/01/17 |
|
|
|
|
400 |
|
|
|
459,484 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
107,293 |
|
5.00%, 06/01/17 |
|
|
|
|
210 |
|
|
|
240,240 |
|
5.00%, 07/01/17 |
|
|
|
|
250 |
|
|
|
286,595 |
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
114,871 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.50%, 08/01/17 |
|
|
|
|
215 |
|
|
|
251,004 |
|
Massachusetts Bay Transportation
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/17 |
|
|
|
|
235 |
|
|
|
272,217 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/17 |
|
(ETM) |
|
|
5 |
|
|
|
5,851 |
|
5.50%, 07/01/17 |
|
|
|
|
705 |
|
|
|
823,661 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Massachusetts Port Authority RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.50%, 07/01/17 |
|
(AGM) |
|
$ |
100 |
|
|
$ |
111,024 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
112,843 |
|
Massachusetts School Building Authority
RB Sales Tax Revenue Series B |
|
|
|
|
|
|
|
|
4.00%, 08/15/17 |
|
|
|
|
300 |
|
|
|
333,816 |
|
Massachusetts Water Pollution
Abatement Trust RB Water Revenue |
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
|
|
|
300 |
|
|
|
349,026 |
|
Series 14 |
|
|
|
|
|
|
|
|
|
|
3.50%, 08/01/17 |
|
|
|
|
100 |
|
|
|
109,640 |
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
115,401 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
|
|
|
285 |
|
|
|
331,574 |
|
Massachusetts Water Resources Authority
RB General Revenue Series J |
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
(AGM) |
|
|
350 |
|
|
|
405,615 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,673,352 |
|
MICHIGAN — 0.47% |
|
|
|
|
|
Michigan Finance Authority RB
Miscellaneous Revenue Series A |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
275 |
|
|
|
313,835 |
|
Michigan State University RB
College & University Revenue Series A |
|
|
|
|
|
|
|
|
4.00%, 08/15/17 |
|
|
|
|
100 |
|
|
|
110,189 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
424,024 |
|
MINNESOTA — 2.01% |
|
|
|
|
|
State of Minnesota GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
300 |
|
|
|
346,203 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
114,907 |
|
5.00%, 08/01/17 |
|
|
|
|
150 |
|
|
|
173,101 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
115,401 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
115,401 |
|
|
|
|
58 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/17 |
|
|
|
$ |
150 |
|
|
$ |
161,640 |
|
5.00%, 08/01/17 |
|
|
|
|
415 |
|
|
|
478,915 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
280 |
|
|
|
312,368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,817,936 |
|
MISSISSIPPI — 0.13% |
|
|
|
|
|
Mississippi Development Bank RB
Miscellaneous Revenue Series C |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
113,129 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
113,129 |
|
MISSOURI — 0.19% |
|
|
|
|
|
Missouri State Environmental
Improvement & Energy Resources Authority RB Water
Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
150 |
|
|
|
172,736 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
172,736 |
|
NEBRASKA — 0.32% |
|
|
|
|
|
City of Omaha GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
250 |
|
|
|
286,680 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
286,680 |
|
NEVADA — 1.44% |
|
|
|
|
|
Clark County RB Fuel Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(AMBAC) |
|
|
250 |
|
|
|
284,910 |
|
Clark County RB Port Airport &
Marina Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
227,218 |
|
Clark County RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/17 |
|
|
|
|
150 |
|
|
|
159,171 |
|
Clark County School District
GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.50%, 06/15/17 |
|
(AMBAC) |
|
|
300 |
|
|
|
334,959 |
|
State of Nevada GOL |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
150 |
|
|
|
171,318 |
|
Washoe County School District
GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.13%, 06/01/17 |
|
|
|
|
110 |
|
|
|
121,591 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,299,167 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
NEW
HAMPSHIRE — 0.95% |
|
|
|
|
|
New Hampshire Municipal Bond Bank RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
$ |
475 |
|
|
$ |
544,592 |
|
State of New Hampshire GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
115,077 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
175 |
|
|
|
200,951 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
860,620 |
|
NEW
JERSEY — 2.82% |
|
|
|
|
|
Camden County Municipal Utilities
Authority RB Sewer Revenue |
|
|
|
|
|
|
|
|
5.25%, 07/15/17 |
|
(GTD) |
|
|
100 |
|
|
|
114,667 |
|
New Jersey Educational Facilities
Authority RB College & University Revenue |
|
|
|
|
|
|
|
|
Series F |
|
|
|
|
|
|
|
|
|
|
4.50%, 07/01/17 |
|
|
|
|
250 |
|
|
|
283,190 |
|
New Jersey Transportation Trust Fund
Authority RB Appropriations |
|
|
|
|
|
|
|
|
Series AA |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
200 |
|
|
|
226,684 |
|
New Jersey Transportation Trust Fund
Authority RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.75%, 06/15/17 |
|
|
|
|
315 |
|
|
|
365,302 |
|
State of New Jersey GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
215 |
|
|
|
246,141 |
|
5.00%, 06/01/23 |
|
(PR
06/01/17) |
|
|
115 |
|
|
|
132,161 |
|
5.00%, 06/01/25 |
|
(PR
06/01/17) |
|
|
150 |
|
|
|
172,385 |
|
5.00%, 06/01/26 |
|
(PR
06/01/17) |
|
|
100 |
|
|
|
114,923 |
|
5.00%, 06/01/27 |
|
(PR
06/01/17) |
|
|
170 |
|
|
|
195,369 |
|
Series L |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/15/17 |
|
(AMBAC) |
|
|
100 |
|
|
|
115,754 |
|
Series N |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/15/17 |
|
(NPFGC-FGIC) |
|
|
400 |
|
|
|
466,728 |
|
Series Q |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
100 |
|
|
|
115,051 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,548,355 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
59 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
NEW
MEXICO — 1.52% |
|
|
|
|
|
City of Albuquerque GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
$ |
100 |
|
|
$ |
111,044 |
|
City of Albuquerque RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
150 |
|
|
|
172,257 |
|
New Mexico Finance Authority RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
400 |
|
|
|
459,148 |
|
State of New Mexico RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,838 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
450 |
|
|
|
516,771 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,374,058 |
|
NEW
YORK — 10.48% |
|
|
|
|
|
City of Albany GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
2.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
102,244 |
|
City of New York GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
106,910 |
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
115 |
|
|
|
127,249 |
|
4.00%, 08/15/17 |
|
|
|
|
250 |
|
|
|
276,830 |
|
4.20%, 08/01/17 |
|
|
|
|
210 |
|
|
|
233,940 |
|
5.00%, 08/01/17 |
|
|
|
|
715 |
|
|
|
817,910 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
106,910 |
|
5.00%, 08/01/17 |
|
|
|
|
630 |
|
|
|
720,676 |
|
5.25%, 08/01/17 |
|
|
|
|
100 |
|
|
|
115,328 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
225 |
|
|
|
248,965 |
|
5.00%, 08/01/17 |
|
|
|
|
725 |
|
|
|
829,349 |
|
Series G |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
125 |
|
|
|
138,314 |
|
Series H |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
200 |
|
|
|
221,302 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
350 |
|
|
|
400,375 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series I-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
$ |
100 |
|
|
$ |
110,651 |
|
Series J-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
235 |
|
|
|
268,824 |
|
New York City Municipal Water Finance
Authority RB Water Revenue |
|
|
|
|
|
|
|
|
Series AA |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
390 |
|
|
|
448,625 |
|
Series EE |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
155 |
|
|
|
178,300 |
|
Series FF-1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/15/17 |
|
|
|
|
190 |
|
|
|
211,421 |
|
New York City Transitional Finance
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series S-1 |
|
|
|
|
|
|
|
|
|
|
4.50%, 07/15/17 |
|
(SAW) |
|
|
275 |
|
|
|
309,023 |
|
New York City Transitional Finance
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A-3 |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
235 |
|
|
|
261,381 |
|
New York City Trust for Cultural
Resources RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
250 |
|
|
|
278,065 |
|
New York State Dormitory Authority RB
College & University Revenue |
|
|
|
|
|
|
|
|
4.75%, 07/01/17 |
|
|
|
|
100 |
|
|
|
113,088 |
|
5.00%, 07/01/17 |
|
|
|
|
215 |
|
|
|
245,106 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.10%, 07/01/17 |
|
|
|
|
200 |
|
|
|
213,946 |
|
5.00%, 07/01/17 |
|
|
|
|
175 |
|
|
|
199,922 |
|
6.00%, 07/01/17 |
|
(NPFGC) |
|
|
100 |
|
|
|
118,596 |
|
New York State Dormitory Authority RB
Income Tax Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
330 |
|
|
|
378,302 |
|
New York State Dormitory Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
3.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
106,531 |
|
5.00%, 07/01/17 |
|
|
|
|
285 |
|
|
|
324,683 |
|
New York State Environmental Facilities
Corp. RB Water Revenue |
|
|
|
|
|
|
|
|
5.50%, 06/15/17 |
|
|
|
|
175 |
|
|
|
204,911 |
|
|
|
|
60 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
$ |
270 |
|
|
$ |
311,226 |
|
5.00%, 08/15/17 |
|
|
|
|
200 |
|
|
|
231,488 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
125 |
|
|
|
144,086 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
210 |
|
|
|
242,065 |
|
Port Authority of New York &
New Jersey RB Port Airport & Marina Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
(AGM) |
|
|
100 |
|
|
|
115,061 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,461,603 |
|
NORTH
CAROLINA — 1.33% |
|
|
|
|
|
City of Charlotte GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
395 |
|
|
|
456,158 |
|
City of Charlotte RB Water &
Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
115,077 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
115,077 |
|
City of Greensboro RB Combined
Enterprise System Revenue |
|
|
|
|
|
|
|
|
5.25%, 06/01/17 |
|
|
|
|
150 |
|
|
|
173,124 |
|
County of Mecklenburg GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
200 |
|
|
|
230,966 |
|
State of North Carolina GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
114,985 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,205,387 |
|
OHIO — 2.39% |
|
|
|
|
|
City of Columbus GO |
|
|
|
|
|
|
|
|
Series 2012-3 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
325 |
|
|
|
375,290 |
|
Ohio State Water Development Authority
RB Water Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
395 |
|
|
|
452,647 |
|
State of Ohio GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
395 |
|
|
|
454,060 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
465 |
|
|
|
534,150 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
State of Ohio RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series 2008-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
$ |
100 |
|
|
$ |
113,944 |
|
State of Ohio RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
Series 2007-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
(AGM) |
|
|
100 |
|
|
|
113,944 |
|
5.50%, 06/15/17 |
|
(AGM) |
|
|
100 |
|
|
|
115,754 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,159,789 |
|
OKLAHOMA — 0.59% |
|
|
|
|
|
|
|
|
Grand River Dam Authority RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(BHAC) |
|
|
150 |
|
|
|
171,017 |
|
Oklahoma Capital Improvement Authority
RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
110,459 |
|
State of Oklahoma GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/15/17 |
|
|
|
|
125 |
|
|
|
139,046 |
|
5.00%, 07/15/17 |
|
|
|
|
100 |
|
|
|
114,950 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
535,472 |
|
OREGON — 0.65% |
|
|
|
|
|
|
|
|
|
|
Clackamas County School District
No. 12 North Clackamas GO |
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
(AGM,
GTD) |
|
|
190 |
|
|
|
217,945 |
|
Lane County School District No. 4J
Eugene GO |
|
|
|
|
|
|
|
|
4.00%, 06/15/17 |
|
(GTD) |
|
|
100 |
|
|
|
111,074 |
|
Multnomah & Clackamas Counties
School District No. 10JT Gresham-Barlow GO |
|
|
|
|
|
|
|
|
5.25%, 06/15/17 |
|
(AGM,
GTD) |
|
|
100 |
|
|
|
115,419 |
|
Portland Community College
District GO |
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
125 |
|
|
|
143,583 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
588,021 |
|
PENNSYLVANIA — 4.57% |
|
|
|
|
|
|
|
|
City of Philadelphia GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
(AGM) |
|
|
150 |
|
|
|
171,207 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
61 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
City of Philadelphia RB Water &
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
(AGM) |
|
$ |
175 |
|
|
$ |
199,304 |
|
Commonwealth of Pennsylvania
GO |
|
|
|
|
|
|
|
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/20 |
|
(PR
08/01/17) |
|
|
175 |
|
|
|
202,065 |
|
Series T |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
225 |
|
|
|
258,385 |
|
Third Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
|
|
|
575 |
|
|
|
660,962 |
|
5.38%, 07/01/17 |
|
|
|
|
325 |
|
|
|
377,702 |
|
5.38%, 07/01/17 |
|
(AGM) |
|
|
450 |
|
|
|
522,972 |
|
County of Bucks GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
150 |
|
|
|
172,127 |
|
Delaware Valley Regional Finance
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.75%, 07/01/17 |
|
|
|
|
450 |
|
|
|
505,422 |
|
Pennsylvania Economic Development
Financing Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
320 |
|
|
|
367,990 |
|
Pennsylvania Higher Educational
Facilities Authority RB College &
University Revenue |
|
|
|
|
|
|
|
|
3.50%, 08/01/17 |
|
|
|
|
150 |
|
|
|
163,265 |
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
114,539 |
|
Series AN |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
125 |
|
|
|
142,164 |
|
Pennsylvania Intergovernmental
Cooperation Authority RB Special Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/15/17 |
|
|
|
|
35 |
|
|
|
39,922 |
|
Pennsylvania State University RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/15/17 |
|
|
|
|
100 |
|
|
|
115,885 |
|
Pennsylvania Turnpike Commission RB
Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(AGM) |
|
|
100 |
|
|
|
112,648 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,126,559 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
PUERTO RICO — 1.69% |
|
|
|
|
|
|
|
|
Commonwealth of Puerto Rico
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/17 |
|
|
|
$ |
205 |
|
|
$ |
188,637 |
|
5.50%, 07/01/17 |
|
(FGIC) |
|
|
200 |
|
|
|
184,036 |
|
Puerto Rico Electric Power Authority RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series JJ |
|
|
|
|
|
|
|
|
|
|
5.38%, 07/01/17 |
|
(XLCA) |
|
|
365 |
|
|
|
346,783 |
|
Series LL |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/17 |
|
(NPFGC) |
|
|
170 |
|
|
|
166,833 |
|
Series TT |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
93,788 |
|
Puerto Rico Highway &
Transportation Authority RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series AA |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/17 |
|
(NPFGC) |
|
|
155 |
|
|
|
169,106 |
|
Series BB |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/17 |
|
(AMBAC) |
|
|
150 |
|
|
|
139,581 |
|
Puerto Rico Municipal Finance
Agency GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/17 |
|
(AGM) |
|
|
240 |
|
|
|
239,347 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,528,111 |
|
SOUTH
CAROLINA — 0.38% |
|
|
|
|
|
|
|
|
North Charleston District RB
Sewer Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
110,459 |
|
State of South Carolina GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
200 |
|
|
|
229,970 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
340,429 |
|
SOUTH
DAKOTA — 0.25% |
|
|
|
|
|
|
|
|
South Dakota State Building Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
(AGM) |
|
|
200 |
|
|
|
227,216 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
227,216 |
|
TENNESSEE — 0.87% |
|
|
|
|
|
|
|
|
City of Johnson GO |
|
|
|
|
|
|
|
|
4.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
110,615 |
|
|
|
|
62 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Metropolitan Government of
Nashville & Davidson County GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
$ |
485 |
|
|
$ |
557,352 |
|
Metropolitan Government of
Nashville & Davidson County RB Water &
Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
113,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
781,773 |
|
TEXAS — 6.27% |
|
|
|
|
|
|
|
|
|
|
Austin Independent School District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
(PSF) |
|
|
190 |
|
|
|
218,952 |
|
City of Arlington GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/17 |
|
|
|
|
115 |
|
|
|
127,963 |
|
City of Carrollton GOL |
|
|
|
|
|
|
|
|
4.00%, 08/15/17 |
|
|
|
|
200 |
|
|
|
221,850 |
|
City of Dallas RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
(AGM) |
|
|
100 |
|
|
|
112,492 |
|
City of El Paso GOL |
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
100 |
|
|
|
114,216 |
|
City of Houston RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(NPFGC-FGIC) |
|
|
150 |
|
|
|
170,413 |
|
City of San Antonio GOL |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
115,238 |
|
Corpus Christi Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
100 |
|
|
|
115,061 |
|
County of Harris GOL |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
150 |
|
|
|
172,777 |
|
County of Harris RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
(NPFGC) |
|
|
175 |
|
|
|
200,567 |
|
County of Tarrant GOL |
|
|
|
|
|
|
|
|
4.00%, 07/15/17 |
|
|
|
|
150 |
|
|
|
166,974 |
|
Del Mar College District
GOL |
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
100 |
|
|
|
114,912 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Denton Independent School
District GO |
|
|
|
|
|
|
|
|
4.50%, 08/15/17 |
|
|
|
$ |
125 |
|
|
$ |
140,514 |
|
Houston Independent School
District GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
(PSF) |
|
|
100 |
|
|
|
115,350 |
|
Klein Independent School District
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
250 |
|
|
|
277,300 |
|
Leander Independent School
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 08/15/17 |
|
(PSF) |
|
|
50 |
|
|
|
47,348 |
|
Lone Star College System (Harris and
Montgomery Counties) GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
100 |
|
|
|
114,953 |
|
Mesquite Independent School
District GO |
|
|
|
|
|
|
|
|
4.25%, 08/15/17 |
|
(PSF) |
|
|
230 |
|
|
|
258,759 |
|
North East Independent School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
(PSF) |
|
|
100 |
|
|
|
115,238 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
(PSF) |
|
|
250 |
|
|
|
288,095 |
|
Northside Independent School
District GO |
|
|
|
|
|
|
|
|
4.00%, 08/15/17 |
|
(PSF) |
|
|
100 |
|
|
|
111,555 |
|
Round Rock Independent School District
GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
205 |
|
|
|
236,238 |
|
5.00%, 08/01/17 |
|
(PSF) |
|
|
170 |
|
|
|
195,905 |
|
State of Texas GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
115,238 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
115,156 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
111,399 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
115 |
|
|
|
128,109 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
63 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Texas Tech University RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
$ |
100 |
|
|
$ |
114,979 |
|
Texas Water Development Board RB Water
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
|
|
|
225 |
|
|
|
258,820 |
|
University of Texas System Board of
Regents RB College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
125 |
|
|
|
144,498 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/15/17 |
|
|
|
|
250 |
|
|
|
269,697 |
|
5.00%, 08/15/17 |
|
|
|
|
130 |
|
|
|
150,277 |
|
5.25%, 08/15/17 |
|
|
|
|
210 |
|
|
|
244,751 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
125 |
|
|
|
144,498 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/17 |
|
|
|
|
100 |
|
|
|
115,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,665,690 |
|
UTAH — 1.87% |
|
|
|
|
|
|
|
|
|
|
State of Utah GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
350 |
|
|
|
390,162 |
|
5.00%, 07/01/17 |
|
|
|
|
765 |
|
|
|
881,571 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
360 |
|
|
|
414,857 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,686,590 |
|
VIRGINIA — 2.60% |
|
|
|
|
|
|
|
|
City of Richmond GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
(SAW) |
|
|
100 |
|
|
|
115,031 |
|
City of Virginia Beach GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
|
|
|
125 |
|
|
|
143,990 |
|
Commonwealth of Virginia
GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
111,303 |
|
5.00%, 06/01/17 |
|
|
|
|
150 |
|
|
|
172,477 |
|
County of Henrico GO |
|
|
|
|
|
|
|
|
5.00%, 07/15/17 |
|
|
|
|
100 |
|
|
|
115,354 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Virginia Beach Development Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
$ |
100 |
|
|
$ |
114,505 |
|
Virginia Public Building Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
370 |
|
|
|
425,322 |
|
Virginia Public School Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
100 |
|
|
|
114,952 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
|
|
|
255 |
|
|
|
293,128 |
|
5.25%, 08/01/17 |
|
|
|
|
410 |
|
|
|
475,149 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/17 |
|
(SAW) |
|
|
230 |
|
|
|
264,390 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,345,601 |
|
WASHINGTON — 5.93% |
|
|
|
|
|
|
|
|
Clark County School District
No. 114 Evergreen GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 06/01/17 |
|
(GTD) |
|
|
125 |
|
|
|
133,780 |
|
County of King GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
114,594 |
|
Energy Northwest RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
1,365 |
|
|
|
1,565,901 |
|
5.25%, 07/01/17 |
|
(NPFGC) |
|
|
260 |
|
|
|
300,656 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,718 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
0.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
94,690 |
|
5.25%, 07/01/17 |
|
(NPFGC) |
|
|
100 |
|
|
|
115,637 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,718 |
|
Port of Seattle RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
4.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
110,013 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/17 |
|
|
|
|
200 |
|
|
|
220,558 |
|
|
|
|
64 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2017 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
State of Washington COP
Lease Appropriation |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.50%, 07/01/17 |
|
|
|
$ |
150 |
|
|
$ |
168,201 |
|
State of Washington GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,718 |
|
5.00%, 07/01/17 |
|
(AGM) |
|
|
200 |
|
|
|
229,436 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/17 |
|
|
|
|
130 |
|
|
|
151,521 |
|
Series R-2007C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
485 |
|
|
|
556,382 |
|
Series R-2011B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
200 |
|
|
|
229,436 |
|
Series R-2011C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
720 |
|
|
|
825,970 |
|
Series R-2013A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
165 |
|
|
|
189,285 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
5,350,214 |
|
WEST
VIRGINIA — 0.13% |
|
|
|
|
|
|
|
|
West Virginia School Building Authority
RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,122 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
114,122 |
|
WISCONSIN — 1.36% |
|
|
|
|
|
|
|
|
State of Wisconsin RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series 1 |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
225 |
|
|
|
248,490 |
|
5.00%, 07/01/17 |
|
|
|
|
100 |
|
|
|
114,102 |
|
5.00%, 07/01/17 |
|
(NPFGC-FGIC) |
|
|
110 |
|
|
|
125,971 |
|
Series 2 |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
125 |
|
|
|
138,269 |
|
State of Wisconsin RB Water
Revenue |
|
|
|
|
|
|
|
|
Series 2 |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/17 |
|
|
|
|
100 |
|
|
|
114,516 |
|
Wisconsin Electric Power
Co. |
|
|
|
|
|
|
|
|
4.00%, 07/01/17 |
|
|
|
|
150 |
|
|
|
165,688 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal
or Shares (000s)
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
Wisconsin Public Power Inc. RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/17 |
|
(AGM) |
|
$ |
285 |
|
|
$ |
324,176 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,231,212 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MUNICIPAL BONDS &
NOTES |
|
|
|
|
|
(Cost: $87,874,447) |
|
|
|
|
|
|
89,168,594 |
|
|
SHORT-TERM
INVESTMENTS — 0.30% |
|
|
|
MONEY MARKET
FUNDS — 0.30% |
|
|
|
|
|
BlackRock Liquidity Funds: MuniFund,
Institutional Shares |
|
|
|
|
|
|
|
|
0.02%a,b |
|
|
|
|
271 |
|
|
|
270,924 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
270,924 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHORT-TERM
INVESTMENTS |
|
|
|
|
|
(Cost: $270,924) |
|
|
|
|
|
|
270,924 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS IN
SECURITIES — 99.05% |
|
|
|
|
|
|
|
|
(Cost: $88,145,371) |
|
|
|
|
|
|
89,439,518 |
|
Other Assets, Less
Liabilities — 0.95% |
|
|
|
859,629 |
|
|
|
|
|
|
|
|
|
|
|
|
NET
ASSETS — 100.00% |
|
|
$ |
90,299,147 |
|
|
|
|
|
|
|
|
|
|
|
|
COP — Certificates of
Participation
ETM — Escrowed to
Maturity
GO — General Obligation
GOL — General Obligation
Limited
GTD — Guaranteed by the
Commonwealth, County or State
PR — Prerefunded
PSF — Permanent School
Fund
RB — Revenue Bond
SAW — State Aid
Withholding
ST — Special Tax
Insured by:
AGM — Assured Guaranty
Municipal Corp.
AMBAC — Ambac Financial
Group Inc.
BHAC — Berkshire
Hathaway Assurance Corp.
FGIC — Financial
Guaranty Insurance Co.
NPFGC — National Public
Finance Guarantee Corp.
XLCA — XL Capital
Assurance Inc.
a |
Affiliated issuer. See Note 2. |
b |
The rate
quoted is the annualized seven-day yield of the fund at period end.
|
See notes to financial
statements.
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
65 |
|
Schedule of
Investments (Unaudited)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
MUNICIPAL BONDS &
NOTES — 98.40% |
|
|
|
ALABAMA — 0.78% |
|
|
|
|
|
State of Alabama GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
$ |
50 |
|
|
$ |
58,358 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
100 |
|
|
|
116,374 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
174,732 |
|
ALASKA — 0.73% |
|
|
|
|
|
City of Anchorage GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
58,308 |
|
State of Alaska GO |
|
|
|
|
|
|
|
|
5.50%, 06/30/18 |
|
|
|
|
40 |
|
|
|
47,090 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
58,691 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
164,089 |
|
ARIZONA — 4.67% |
|
|
|
|
|
Arizona State University Board of
Regents RB University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
30 |
|
|
|
33,356 |
|
Arizona Transportation Board RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
70 |
|
|
|
81,479 |
|
City of Mesa GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
(NPFGC-FGIC) |
|
|
30 |
|
|
|
34,547 |
|
City of Phoenix GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
55,983 |
|
City of Scottsdale GO |
|
|
|
|
|
|
|
|
3.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
53,787 |
|
City of Scottsdale RB Water &
Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
58,349 |
|
Maricopa County Community College
District GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
130 |
|
|
|
145,554 |
|
Phoenix Civic Improvement Corp. RB Port
Airport & Marina Revenue |
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
65 |
|
|
|
74,883 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Phoenix Civic Improvement Corp. RB Sewer
Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
$ |
100 |
|
|
$ |
115,700 |
|
Phoenix Civic Improvement Corp. RB Water
Revenue |
|
|
|
|
|
|
|
|
5.25%, 07/01/18 |
|
(NPFGC-FGIC) |
|
|
150 |
|
|
|
176,542 |
|
Pima County GO |
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
(AGM) |
|
|
50 |
|
|
|
55,303 |
|
Pima County RB Fuel Sales
Tax Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
55,086 |
|
Yavapai County Community College
District GOL |
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
110,557 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,051,126 |
|
CALIFORNIA — 14.39% |
|
|
|
|
|
Burbank Unified School District
GO |
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
0.00%, 08/01/18 |
|
(NPFGC-FGIC) |
|
|
50 |
|
|
|
44,780 |
|
City of Cupertino COP |
|
|
|
|
|
|
|
|
2.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
51,377 |
|
City of Los Angeles RB Wastewater System
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
200 |
|
|
|
234,374 |
|
County of Sacramento RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
3.90%, 07/01/18 |
|
(AGM) |
|
|
110 |
|
|
|
119,677 |
|
Desert Sands Unified School
District GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
56,199 |
|
Foothill-De Anza Community College
District GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/01/18 |
|
(NPFGC-FGIC) |
|
|
70 |
|
|
|
83,166 |
|
Grossmont-Cuyamaca Community College
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
(AGM) |
|
|
135 |
|
|
|
157,693 |
|
Livermore-Amador Valley Water Management
Agency RB Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
100 |
|
|
|
115,585 |
|
|
|
|
66 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Los Altos Elementary School
District GO |
|
|
|
|
|
|
|
|
3.00%, 08/01/18 |
|
|
|
$ |
100 |
|
|
$ |
108,604 |
|
Los Angeles County Metropolitan
Transportation Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
90 |
|
|
|
105,801 |
|
Los Angeles County Metropolitan
Transportation Authority RB Transit Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
58,074 |
|
Los Angeles County Public Works
Financing Authority RB Lease Abatement |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
100 |
|
|
|
115,585 |
|
Los Angeles Department of
Water & Power RB Electric Power &
Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
53,979 |
|
4.00%, 07/01/18 |
|
|
|
|
35 |
|
|
|
39,394 |
|
Los Angeles Department of
Water & Power RB Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
35 |
|
|
|
41,145 |
|
Los Angeles Unified School
District GO |
|
|
|
|
|
|
|
|
Series A-1 |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/18 |
|
(FGIC) |
|
|
250 |
|
|
|
298,625 |
|
Series KRY |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
45 |
|
|
|
52,718 |
|
M-S-R Public Power Agency RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series L |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
(AGM) |
|
|
50 |
|
|
|
58,024 |
|
New Haven Unified School
District GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
(AGM) |
|
|
125 |
|
|
|
144,616 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Northern California Power Agency RB
Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
$ |
35 |
|
|
$ |
40,513 |
|
San Diego Unified School District
GO |
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 07/01/18 |
|
(NPFGC-FGIC) |
|
|
40 |
|
|
|
35,814 |
|
San Francisco Unified School District
GO |
|
|
|
|
|
|
|
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
70 |
|
|
|
81,868 |
|
Southern California Public Power
Authority RB Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
140 |
|
|
|
164,182 |
|
State of California GO |
|
|
|
|
|
|
|
|
4.50%, 08/01/18 |
|
|
|
|
95 |
|
|
|
108,366 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.40%, 07/01/18 |
|
|
|
|
220 |
|
|
|
252,091 |
|
5.00%, 07/01/18 |
|
|
|
|
525 |
|
|
|
615,972 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
3,238,222 |
|
COLORADO — 1.30% |
|
|
|
|
|
City & County of Denver
GO |
|
|
|
|
|
|
|
|
5.25%, 08/01/18 |
|
|
|
|
45 |
|
|
|
53,324 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
115 |
|
|
|
134,931 |
|
University of Colorado Regents RB
College & University Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
90 |
|
|
|
104,559 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
292,814 |
|
CONNECTICUT — 2.61% |
|
|
|
|
|
City of Bristol GO |
|
|
|
|
|
|
|
|
4.00%, 07/15/18 |
|
|
|
|
60 |
|
|
|
66,853 |
|
State of Connecticut ST Miscellaneous
Taxes |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/18 |
|
(AMBAC) |
|
|
100 |
|
|
|
117,393 |
|
Town of Watertown GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
150 |
|
|
|
174,373 |
|
Town of West Hartford GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
117,203 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
67 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
University of Connecticut RB College
& University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/18 |
|
|
|
$ |
100 |
|
|
$ |
111,952 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
587,774 |
|
DELAWARE — 0.84% |
|
|
|
|
|
County of New Castle GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/15/18 |
|
|
|
|
90 |
|
|
|
101,344 |
|
Delaware Transportation Authority RB
Fuel Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
25 |
|
|
|
29,125 |
|
State of Delaware GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
58,627 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
189,096 |
|
DISTRICT OF
COLUMBIA — 0.31% |
|
|
|
|
|
District of Columbia GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 06/01/18 |
|
(AMBAC) |
|
|
60 |
|
|
|
69,674 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
69,674 |
|
FLORIDA — 5.70% |
|
|
|
|
|
County of Miami-Dade RB Miscellaneous
Revenue |
|
|
|
|
|
|
|
|
5.25%, 08/01/18 |
|
(NPFGC-FGIC) |
|
|
50 |
|
|
|
57,917 |
|
Florida State Board of Education RB
Lottery Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.50%, 07/01/18 |
|
|
|
|
170 |
|
|
|
192,729 |
|
Florida State Department of
Environmental Protection RB Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/18 |
|
|
|
|
225 |
|
|
|
262,219 |
|
Florida State Department of
Transportation RB Highway Revenue Tolls |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
125 |
|
|
|
145,311 |
|
Miami-Dade County School Board COP Lease
Appropriation |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
(AMBAC) |
|
|
50 |
|
|
|
56,793 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Miami-Dade County Transit System RB
Sales Surtax Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
$ |
70 |
|
|
$ |
80,419 |
|
Palm Beach County School
District COP |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
100 |
|
|
|
114,582 |
|
State of Florida GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
125 |
|
|
|
145,467 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
75 |
|
|
|
87,281 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
75 |
|
|
|
87,281 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
45 |
|
|
|
52,368 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,282,367 |
|
GEORGIA — 3.32% |
|
|
|
|
|
Douglasville-Douglas County
Water & Sewer Authority RB Water Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
40 |
|
|
|
46,448 |
|
Georgia State Road & Tollway
Authority RB Federal Grant Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
110 |
|
|
|
127,202 |
|
Georgia State Road & Tollway
Authority RB Fuel Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
(AGM) |
|
|
80 |
|
|
|
92,510 |
|
Metropolitan Atlanta Rapid Transit
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
55,375 |
|
State of Georgia GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
117,203 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.25%, 08/01/18 |
|
|
|
|
50 |
|
|
|
56,888 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
215 |
|
|
|
251,986 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
747,612 |
|
|
|
|
68 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
HAWAII — 1.60% |
|
|
|
|
|
City & County of Honolulu RB
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series 2009A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
$ |
60 |
|
|
$ |
69,093 |
|
County of Maui GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
50 |
|
|
|
58,113 |
|
State of Hawaii GO |
|
|
|
|
|
|
|
|
Series DO |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
200 |
|
|
|
233,128 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
360,334 |
|
ILLINOIS — 2.76% |
|
|
|
|
|
Du Page Cook & Will Counties
Community College District No. 502 GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
50 |
|
|
|
57,502 |
|
Metropolitan Pier & Exposition
Authority RB Dedicated State Tax Revenue |
|
|
|
|
|
|
|
|
0.00%, 06/15/18 |
|
(NPFGC-FGIC) |
|
|
55 |
|
|
|
50,865 |
|
Regional Transportation Authority RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
5.75%, 06/01/18 |
|
(AGM) |
|
|
50 |
|
|
|
58,380 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.50%, 06/01/18 |
|
(NPFGC) |
|
|
75 |
|
|
|
86,846 |
|
State of Illinois GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
100 |
|
|
|
110,495 |
|
State of Illinois RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
225 |
|
|
|
257,074 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
621,162 |
|
INDIANA — 0.39% |
|
|
|
|
|
Purdue University RB College &
University Revenue |
|
|
|
|
|
|
|
|
Series Y |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
75 |
|
|
|
87,524 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
87,524 |
|
IOWA — 0.73% |
|
|
|
|
|
Iowa City Community School
District GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
3.00%, 06/01/18 |
|
|
|
|
50 |
|
|
|
53,608 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Iowa Finance Authority RB Miscellaneous
Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
$ |
45 |
|
|
$ |
52,592 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
58,435 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
164,635 |
|
KENTUCKY — 0.77% |
|
|
|
|
|
Kentucky State Property &
Buildings Commission RB General Fund |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
57,843 |
|
Kentucky Turnpike Authority RB Economic
Development Road Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
57,925 |
|
Kentucky Turnpike Authority RB Lease
Renewal |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
57,925 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
173,693 |
|
MAINE — 0.21% |
|
|
|
|
|
Maine Turnpike Authority RB Highway
Revenue Tolls |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
(AGM) |
|
|
40 |
|
|
|
46,300 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
46,300 |
|
MARYLAND — 5.16% |
|
|
|
|
|
County of Frederick GO |
|
|
|
|
|
|
|
|
4.00%, 08/01/18 |
|
|
|
|
25 |
|
|
|
28,052 |
|
County of Harford GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
58,501 |
|
County of Howard GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/18 |
|
|
|
|
50 |
|
|
|
58,681 |
|
County of Montgomery GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
100 |
|
|
|
117,382 |
|
County of Montgomery GOL |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
100 |
|
|
|
117,382 |
|
Maryland State Transportation Authority
RB Transit Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
60 |
|
|
|
69,899 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
69 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of Maryland GO |
|
|
|
|
|
|
|
|
4.00%, 08/15/18 |
|
|
|
$ |
135 |
|
|
$ |
152,084 |
|
5.25%, 08/15/18 |
|
|
|
|
50 |
|
|
|
59,321 |
|
Second Series |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/18 |
|
|
|
|
150 |
|
|
|
175,932 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
150 |
|
|
|
176,073 |
|
Washington Suburban Sanitary Commission
GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/18 |
|
|
|
|
100 |
|
|
|
112,396 |
|
Washington Suburban Sanitary District
GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
30 |
|
|
|
35,105 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,160,808 |
|
MASSACHUSETTS — 3.10% |
|
|
|
|
|
Commonwealth of
Massachusetts GOL |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
25 |
|
|
|
27,985 |
|
5.00%, 08/01/18 |
|
|
|
|
75 |
|
|
|
87,534 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.50%, 08/01/18 |
|
|
|
|
95 |
|
|
|
113,090 |
|
Massachusetts Bay Transportation
Authority RB Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
111,819 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
116,699 |
|
Massachusetts Water Pollution Abatement
Trust RB Water Revenue |
|
|
|
|
|
|
|
|
Series 15A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
205 |
|
|
|
239,792 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
696,919 |
|
MICHIGAN — 0.51% |
|
|
|
|
|
Michigan Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
115,700 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
115,700 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
MINNESOTA — 1.04% |
|
|
|
|
|
State of Minnesota GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
$ |
200 |
|
|
$ |
234,558 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
234,558 |
|
MISSOURI — 0.13% |
|
|
|
|
|
Missouri State Environmental
Improvement & Energy Resources Authority RB
Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
25 |
|
|
|
29,276 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
29,276 |
|
NEVADA — 0.93% |
|
|
|
|
|
Clark County RB Port Airport &
Marina Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/01/18 |
|
|
|
|
55 |
|
|
|
63,743 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
57,442 |
|
State of Nevada GOL |
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
25 |
|
|
|
28,926 |
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
57,994 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
208,105 |
|
NEW HAMPSHIRE —
1.61% |
|
|
|
|
|
New Hampshire Municipal Bond Bank RB
Miscellaneous Revenue Series C |
|
|
|
|
|
|
|
|
5.50%, 08/15/18 |
|
|
|
|
165 |
|
|
|
195,472 |
|
State of New Hampshire GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
117,001 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/18 |
|
|
|
|
45 |
|
|
|
50,492 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
362,965 |
|
NEW JERSEY — 2.45% |
|
|
|
|
|
New Jersey Economic Development
Authority RB Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 07/01/18 |
|
(NPFGC) |
|
|
55 |
|
|
|
48,080 |
|
|
|
|
70 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
New Jersey Educational Facilities
Authority RB College & University Revenue |
|
|
|
|
|
|
|
|
Series J |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
$ |
50 |
|
|
$ |
58,576 |
|
New Jersey Transportation Trust Fund
Authority RB Appropriations |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
160 |
|
|
|
183,118 |
|
New Jersey Transportation Trust Fund
Authority RB General Fund |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.75%, 06/15/18 |
|
|
|
|
50 |
|
|
|
58,837 |
|
New Jersey Transportation Trust Fund
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
75 |
|
|
|
85,837 |
|
State of New Jersey GO |
|
|
|
|
|
|
|
|
Series L |
|
|
|
|
|
|
|
|
|
|
5.25%, 07/15/18 |
|
(AMBAC) |
|
|
50 |
|
|
|
58,838 |
|
Series Q |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/18 |
|
|
|
|
50 |
|
|
|
58,334 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
551,620 |
|
NEW MEXICO — 2.31% |
|
|
|
|
|
Albuquerque Municipal School District
No. 12 GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/18 |
|
(SAW) |
|
|
100 |
|
|
|
107,400 |
|
City of Albuquerque GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
55,934 |
|
New Mexico Finance Authority RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
100 |
|
|
|
116,705 |
|
New Mexico Finance Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
4.00%, 06/01/18 |
|
|
|
|
60 |
|
|
|
67,033 |
|
Santa Fe RB Sales Tax
Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/18 |
|
|
|
|
25 |
|
|
|
27,798 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of New Mexico RB
Miscellaneous Taxes |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
$ |
125 |
|
|
$ |
145,686 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
520,556 |
|
NEW YORK — 10.01% |
|
|
|
|
|
City of New York GO |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
250 |
|
|
|
289,602 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/18 |
|
|
|
|
110 |
|
|
|
122,324 |
|
5.00%, 08/01/18 |
|
|
|
|
60 |
|
|
|
69,505 |
|
5.25%, 08/01/18 |
|
|
|
|
55 |
|
|
|
64,350 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
45 |
|
|
|
52,128 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/18 |
|
|
|
|
125 |
|
|
|
139,005 |
|
Series F |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
57,921 |
|
Series I |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
155 |
|
|
|
179,554 |
|
Series I-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
125 |
|
|
|
144,801 |
|
County of Orange GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/18 |
|
|
|
|
25 |
|
|
|
29,271 |
|
New York City Municipal Water Finance
Authority RB Water Revenue |
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
50 |
|
|
|
58,217 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
0.00%, 06/15/18 |
|
|
|
|
60 |
|
|
|
55,853 |
|
New York City Transitional Finance
Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series S-1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/18 |
|
(SAW) |
|
|
100 |
|
|
|
115,797 |
|
New York City Transitional Finance
Authority RB Sales Tax Revenue Series A-3 |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
58,344 |
|
New York State Dormitory Authority RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
150 |
|
|
|
166,015 |
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
115,602 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
71 |
|
Schedule of
Investments (Unaudited) (Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
New York State Dormitory Authority RB
Income Tax Revenue |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
$ |
100 |
|
|
$ |
116,185 |
|
Series E |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/18 |
|
|
|
|
125 |
|
|
|
145,634 |
|
New York State Dormitory Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
4.00%, 07/01/18 |
|
|
|
|
30 |
|
|
|
33,240 |
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
57,677 |
|
New York State Environmental Facilities
Corp. RB Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
125 |
|
|
|
146,226 |
|
Port Authority of New York &
New Jersey RB Port Airport & Marina Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/18 |
|
(GOI) |
|
|
30 |
|
|
|
34,943 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,252,194 |
|
NORTH CAROLINA —
1.01% |
|
|
|
|
|
|
|
|
City of Charlotte RB Port
Airport & Marina Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
25 |
|
|
|
28,740 |
|
City of Greensboro RB
Water Revenue |
|
|
|
|
|
|
|
|
5.25%, 06/01/18 |
|
|
|
|
70 |
|
|
|
82,181 |
|
County of Forsyth GO |
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
58,601 |
|
County of Guilford GO |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/18 |
|
|
|
|
25 |
|
|
|
28,152 |
|
County of Mecklenburg GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
25 |
|
|
|
29,346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
227,020 |
|
OHIO — 2.43% |
|
City of Columbus GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 06/01/18 |
|
|
|
|
155 |
|
|
|
173,764 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Ohio State University (The) RB
College & University Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
$ |
50 |
|
|
$ |
58,113 |
|
Ohio State Water Development Authority
RB Water Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
50 |
|
|
|
58,187 |
|
State of Ohio GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
3.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
53,579 |
|
4.00%, 08/01/18 |
|
|
|
|
75 |
|
|
|
83,857 |
|
State of Ohio RB Federal
Grant Revenue |
|
|
|
|
|
|
|
|
Series 2008-1 |
|
|
|
|
|
|
|
|
|
|
5.75%, 06/15/18 |
|
|
|
|
100 |
|
|
|
118,908 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
546,408 |
|
OKLAHOMA — 1.29% |
|
|
|
|
|
|
|
|
Oklahoma Capital Improvement Authority
RB Lease Appropriation |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
115,651 |
|
Oklahoma Capital Improvement Authority
RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
150 |
|
|
|
173,401 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
289,052 |
|
OREGON — 1.36% |
|
|
|
|
|
|
|
|
City of Seattle RB
Water Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
115 |
|
|
|
133,753 |
|
Portland Community College
District GO |
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
|
100 |
|
|
|
116,705 |
|
State of Oregon GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
56,279 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
306,737 |
|
|
|
|
72 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
PENNSYLVANIA —
3.56% |
|
|
|
|
|
|
|
|
City of Philadelphia RB Water &
Wastewater Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
|
|
$ |
50 |
|
|
$ |
57,616 |
|
Commonwealth of
Pennsylvania GO |
|
|
|
|
|
|
|
|
First Series |
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
175 |
|
|
|
203,654 |
|
5.00%, 07/01/18 |
|
|
|
|
135 |
|
|
|
157,341 |
|
Third Series |
|
|
|
|
|
|
|
|
5.38%, 07/01/18 |
|
(AGM) |
|
|
170 |
|
|
|
201,056 |
|
County of Bucks GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
25 |
|
|
|
29,155 |
|
Pennsylvania Economic Development
Financing Authority RB Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
130 |
|
|
|
151,840 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
800,662 |
|
PUERTO RICO — 1.01% |
|
|
|
|
|
|
|
|
Commonwealth of Puerto
Rico GO |
|
|
|
|
|
|
|
|
0.00%, 07/01/18 |
|
|
|
|
40 |
|
|
|
28,502 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/18 |
|
|
|
|
50 |
|
|
|
44,259 |
|
Puerto Rico Electric Power Authority
RB Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series JJ |
|
|
|
|
|
|
|
|
|
|
5.38%, 07/01/18 |
|
(XLCA) |
|
|
65 |
|
|
|
59,205 |
|
Series WW |
|
|
|
|
|
|
|
|
|
|
5.50%, 07/01/18 |
|
|
|
|
60 |
|
|
|
54,945 |
|
Puerto Rico Sales Tax Financing Corp. RB
Sales Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.50%, 08/01/18 |
|
|
|
|
40 |
|
|
|
39,872 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
226,783 |
|
TENNESSEE — 1.06% |
|
|
|
|
|
|
|
|
Metropolitan Government of
Nashville & Davidson County GO |
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
205 |
|
|
|
239,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
239,028 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
TEXAS — 3.64% |
|
|
|
|
|
|
|
|
City of San Antonio GOL |
|
|
|
|
|
|
|
|
4.50%, 08/01/18 |
|
|
|
$ |
50 |
|
|
$ |
57,320 |
|
College Station Independent School
District GO |
|
|
|
|
|
|
|
|
4.00%, 08/15/18 |
|
(PSF) |
|
|
50 |
|
|
|
56,177 |
|
DeSoto Independent School
District GO |
|
|
|
|
|
|
|
|
4.00%, 08/15/18 |
|
(PSF) |
|
|
140 |
|
|
|
157,294 |
|
Keller Independent School
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
0.00%, 08/15/18 |
|
(PSF) |
|
|
25 |
|
|
|
22,882 |
|
Leander Independent School
District GO |
|
|
|
|
|
|
|
|
5.25%, 08/15/18 |
|
(PSF) |
|
|
50 |
|
|
|
58,881 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
0.00%, 08/15/18 |
|
|
|
|
170 |
|
|
|
153,214 |
|
Mesquite Independent School
District GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/15/18 |
|
(PSF) |
|
|
50 |
|
|
|
58,526 |
|
North Texas Municipal Water District RB
Sewer Revenue |
|
|
|
|
|
|
|
|
4.00%, 06/01/18 |
|
|
|
|
50 |
|
|
|
55,789 |
|
Northside Independent School
District GO |
|
|
|
|
|
|
|
|
4.00%, 08/15/18 |
|
(PSF) |
|
|
30 |
|
|
|
33,706 |
|
State of Texas GO |
|
|
|
|
|
|
|
|
Series C |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
40 |
|
|
|
46,748 |
|
University of Texas System Board of
Regents RB College & University Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.25%, 08/15/18 |
|
|
|
|
100 |
|
|
|
118,435 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
818,972 |
|
UTAH — 2.33% |
|
|
|
|
|
|
|
|
Granite School District Board of
Education GO |
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
(GTD) |
|
|
65 |
|
|
|
75,483 |
|
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
73 |
|
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
State of Utah GO |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
4.00%, 07/01/23 |
|
(PR 07/01/18) |
|
$ |
55 |
|
|
$ |
61,905 |
|
5.00%, 01/01/24 |
|
(PR 07/01/18) |
|
|
150 |
|
|
|
175,728 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
3.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
53,931 |
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
117,203 |
|
Utah Transit Authority RB Sales
Tax Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
(AGM) |
|
|
35 |
|
|
|
40,707 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
524,957 |
|
VERMONT — 0.65% |
|
|
|
|
|
|
|
|
State of Vermont GO |
|
|
|
|
|
|
|
|
Series D |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/15/18 |
|
|
|
|
130 |
|
|
|
146,320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
146,320 |
|
VIRGINIA — 3.52% |
|
|
|
|
|
|
|
|
City of Alexandria GO |
|
|
|
|
|
|
|
|
5.00%, 06/15/18 |
|
(SAW) |
|
|
100 |
|
|
|
117,104 |
|
City of Richmond GO |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/15/18 |
|
|
|
|
150 |
|
|
|
175,171 |
|
County of Fairfax RB
Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/18 |
|
|
|
|
50 |
|
|
|
58,619 |
|
Virginia Beach Development Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
58,206 |
|
Virginia Public Building Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
(SAP) |
|
|
35 |
|
|
|
40,797 |
|
Virginia Public School Authority RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
5.00%, 07/15/18 |
|
(SAW) |
|
|
50 |
|
|
|
58,644 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
(SAW) |
|
|
75 |
|
|
|
87,423 |
|
Series C |
|
|
|
|
|
|
|
|
|
|
4.00%, 08/01/18 |
|
(SAW) |
|
|
175 |
|
|
|
195,841 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
791,805 |
|
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal (000s) |
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
WASHINGTON — 7.66% |
|
|
|
|
|
|
|
|
City of Seattle RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
$ |
110 |
|
|
$ |
127,849 |
|
Energy Northwest RB Electric
Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
75 |
|
|
|
87,299 |
|
5.25%, 07/01/18 |
|
|
|
|
100 |
|
|
|
117,544 |
|
Energy Northwest RB
Nuclear Revenue |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
355 |
|
|
|
413,216 |
|
Pierce County RB
Sewer Revenue |
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
58,003 |
|
State of Washington COP
Lease Appropriation |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
100 |
|
|
|
115,502 |
|
State of Washington GO |
|
|
|
|
|
|
|
|
Series 2010A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
50 |
|
|
|
58,282 |
|
Series 2013A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
65 |
|
|
|
75,767 |
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
150 |
|
|
|
174,846 |
|
Series B |
|
|
|
|
|
|
|
|
|
|
5.00%, 08/01/18 |
|
|
|
|
75 |
|
|
|
87,423 |
|
Series D |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
200 |
|
|
|
232,798 |
|
Series R-2011C |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
150 |
|
|
|
174,598 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,723,127 |
|
WISCONSIN — 0.52% |
|
|
|
|
|
|
|
|
State of Wisconsin RB
Miscellaneous Revenue |
|
|
|
|
|
|
|
|
Series 1 |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
|
|
|
50 |
|
|
|
58,099 |
|
State of Wisconsin RB
Sewer Revenue |
|
|
|
|
|
|
|
|
Series 2 |
|
|
|
|
|
|
|
|
|
|
5.00%, 06/01/18 |
|
|
|
|
25 |
|
|
|
29,044 |
|
|
|
|
74 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Schedule of
Investments (Unaudited)
(Continued)
iSHARES®
2018 AMT-FREE MUNI TERM ETF
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
Security |
|
|
|
Principal
or Shares (000s)
|
|
|
Value |
|
|
|
|
|
|
|
|
|
|
|
|
Wisconsin Public Power Inc.
RB Electric Power & Light Revenues |
|
|
|
|
|
|
|
|
Series A |
|
|
|
|
|
|
|
|
|
|
5.00%, 07/01/18 |
|
(AGM) |
|
$ |
25 |
|
|
$ |
28,777 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
115,920 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL MUNICIPAL BONDS &
NOTES
|
|
|
|
22,140,646 |
|
(Cost: $22,258,245) |
|
|
|
|
|
|
|
|
|
|
SHORT-TERM INVESTMENTS —
6.20% |
|
|
|
|
|
|
|
MONEY MARKET FUNDS —
6.20% |
|
|
|
|
|
BlackRock Liquidity Funds:
MuniFund, Institutional Shares |
|
|
|
|
|
0.02%a,b |
|
|
|
|
1,396 |
|
|
|
1,396,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,396,001 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL SHORT-TERM
INVESTMENTS |
|
|
|
|
|
(Cost: $1,396,001) |
|
|
|
|
|
|
1,396,001 |
|
|
|
|
|
|
|
|
|
|
|
|
TOTAL INVESTMENTS IN SECURITIES —
104.60% |
|
|
|
|
|
(Cost: $23,654,246) |
|
|
|
|
|
|
23,536,647 |
|
Other Assets, Less Liabilities —
(4.60)% |
|
|
|
(1,036,073 |
) |
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS —
100.00% |
|
|
$ |
22,500,574 |
|
|
|
|
|
|
|
|
|
|
|
|
COP — Certificates of
Participation
GO — General Obligation
GOI — General Obligation
of the Issuer
GOL — General Obligation
Limited
GTD — Guaranteed by the
Commonwealth, County or State
PR — Prerefunded
PSF — Permanent School
Fund
RB — Revenue Bond
SAP — Subject to
Appropriations
SAW — State Aid
Withholding
ST — Special Tax
Insured by:
AGM — Assured Guaranty
Municipal Corp.
AMBAC — Ambac Financial
Group Inc.
FGIC — Financial
Guaranty Insurance Co.
NPFGC — National Public
Finance Guarantee Corp.
XLCA — XL Capital
Assurance Inc.
a |
Affiliated issuer.
See Note 2. |
b |
The rate quoted is
the annualized seven-day yield of the fund at period end.
|
See notes to financial
statements.
|
|
|
|
|
SCHEDULES
OF INVESTMENTS |
|
|
75 |
|
Statements of Assets and Liabilities (Unaudited)
iSHARES®
TRUST
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares 2014 AMT-Free Muni Term ETF |
|
|
iShares 2015 AMT-Free Muni Term ETF |
|
|
iShares 2016 AMT-Free Muni Term ETF |
|
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
Investments, at cost: |
|
|
|
|
|
|
|
|
|
|
|
|
Unaffiliated |
|
$ |
60,670,256 |
|
|
$ |
77,700,612 |
|
|
$ |
80,501,659 |
|
Affiliated (Note 2) |
|
|
126,304 |
|
|
|
222,728 |
|
|
|
343,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total cost of investments |
|
$ |
60,796,560 |
|
|
$ |
77,923,340 |
|
|
$ |
80,845,560 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investments in securities, at fair value
(Note 1): |
|
|
|
|
|
|
|
|
|
|
|
|
Unaffiliated |
|
$ |
60,949,752 |
|
|
$ |
78,516,931 |
|
|
$ |
81,526,327 |
|
Affiliated (Note 2) |
|
|
126,304 |
|
|
|
222,728 |
|
|
|
343,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total fair value of
investments |
|
|
61,076,056 |
|
|
|
78,739,659 |
|
|
|
81,870,228 |
|
Receivables: |
|
|
|
|
|
|
|
|
|
|
|
|
Interest |
|
|
662,079 |
|
|
|
821,698 |
|
|
|
795,353 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
|
61,738,135 |
|
|
|
79,561,357 |
|
|
|
82,665,581 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
|
|
|
Payables: |
|
|
|
|
|
|
|
|
|
|
|
|
Investment securities
purchased |
|
|
— |
|
|
|
— |
|
|
|
68,210 |
|
Investment advisory fees
(Note 2) |
|
|
15,219 |
|
|
|
19,375 |
|
|
|
20,317 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
|
15,219 |
|
|
|
19,375 |
|
|
|
88,527 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS |
|
$ |
61,722,916 |
|
|
$ |
79,541,982 |
|
|
$ |
82,577,054 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets consist
of: |
|
|
|
|
|
|
|
|
|
|
|
|
Paid-in capital |
|
$ |
61,415,558 |
|
|
$ |
78,667,134 |
|
|
$ |
81,514,814 |
|
Undistributed net investment
income |
|
|
27,570 |
|
|
|
42,312 |
|
|
|
58,784 |
|
Undistributed net realized gain
(accumulated net realized loss) |
|
|
292 |
|
|
|
16,217 |
|
|
|
(21,212 |
) |
Net unrealized
appreciation |
|
|
279,496 |
|
|
|
816,319 |
|
|
|
1,024,668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS |
|
$ |
61,722,916 |
|
|
$ |
79,541,982 |
|
|
$ |
82,577,054 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares outstandinga |
|
|
1,200,000 |
|
|
|
1,500,000 |
|
|
|
1,550,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value per share |
|
$ |
51.44 |
|
|
$ |
53.03 |
|
|
$ |
53.28 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a |
No par
value, unlimited number of shares authorized. |
See notes to financial
statements.
|
|
|
76 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Statements of Assets and
Liabilities (Unaudited)
(Continued)
iSHARES®
TRUST
September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
iShares 2017 AMT-Free Muni Term ETF |
|
|
iShares 2018 AMT-Free Muni Term ETF |
|
|
|
|
ASSETS |
|
|
|
|
|
|
|
|
Investments, at cost: |
|
|
|
|
|
|
|
|
Unaffiliated |
|
$ |
87,874,447 |
|
|
$ |
22,258,245 |
|
Affiliated (Note 2) |
|
|
270,924 |
|
|
|
1,396,001 |
|
|
|
|
|
|
|
|
|
|
Total cost of investments |
|
$ |
88,145,371 |
|
|
$ |
23,654,246 |
|
|
|
|
|
|
|
|
|
|
Investments in securities, at fair value
(Note 1): |
|
|
|
|
|
|
|
|
Unaffiliated |
|
$ |
89,168,594 |
|
|
$ |
22,140,646 |
|
Affiliated (Note 2) |
|
|
270,924 |
|
|
|
1,396,001 |
|
|
|
|
|
|
|
|
|
|
Total fair value of
investments |
|
|
89,439,518 |
|
|
|
23,536,647 |
|
Receivables: |
|
|
|
|
|
|
|
|
Interest |
|
|
881,526 |
|
|
|
211,656 |
|
|
|
|
|
|
|
|
|
|
Total Assets |
|
|
90,321,044 |
|
|
|
23,748,303 |
|
|
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
Payables: |
|
|
|
|
|
|
|
|
Investment securities
purchased |
|
|
— |
|
|
|
1,243,220 |
|
Investment advisory fees
(Note 2) |
|
|
21,897 |
|
|
|
4,509 |
|
|
|
|
|
|
|
|
|
|
Total Liabilities |
|
|
21,897 |
|
|
|
1,247,729 |
|
|
|
|
|
|
|
|
|
|
|
|
|
NET ASSETS |
|
$ |
90,299,147 |
|
|
$ |
22,500,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets consist
of: |
|
|
|
|
|
|
|
|
Paid-in capital |
|
$ |
88,997,106 |
|
|
$ |
22,602,128 |
|
Undistributed net investment
income |
|
|
87,641 |
|
|
|
16,045 |
|
Accumulated net realized
loss |
|
|
(79,747 |
) |
|
|
— |
|
Net unrealized appreciation
(depreciation) |
|
|
1,294,147 |
|
|
|
(117,599 |
) |
|
|
|
|
|
|
|
|
|
NET ASSETS |
|
$ |
90,299,147 |
|
|
$ |
22,500,574 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares outstandinga |
|
|
1,650,000 |
|
|
|
900,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value per share |
|
$ |
54.73 |
|
|
$ |
25.00 |
|
|
|
|
|
|
|
|
|
|
a |
No par
value, unlimited number of shares authorized. |
See notes to financial
statements.
Statements of
Operations (Unaudited)
iSHARES®
TRUST
Six months ended September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares 2014 AMT-Free Muni Term ETF |
|
|
iShares 2015 AMT-Free Muni Term ETF |
|
|
iShares 2016 AMT-Free Muni Term ETF |
|
|
|
|
|
NET INVESTMENT
INCOME |
|
|
|
|
|
|
|
|
|
|
|
|
Interest — unaffiliated |
|
$ |
254,551 |
|
|
$ |
388,402 |
|
|
$ |
445,448 |
|
Interest — affiliated
(Note 2) |
|
|
57 |
|
|
|
76 |
|
|
|
83 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total investment income |
|
|
254,608 |
|
|
|
388,478 |
|
|
|
445,531 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
Investment advisory fees
(Note 2) |
|
|
83,233 |
|
|
|
103,189 |
|
|
|
101,411 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total expenses |
|
|
83,233 |
|
|
|
103,189 |
|
|
|
101,411 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
171,375 |
|
|
|
285,289 |
|
|
|
344,120 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NET REALIZED AND UNREALIZED GAIN
(LOSS) |
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain (loss)
from: |
|
|
|
|
|
|
|
|
|
|
|
|
Investments — unaffiliated |
|
|
(2,169 |
) |
|
|
15,819 |
|
|
|
(21,379 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized gain (loss) |
|
|
(2,169 |
) |
|
|
15,819 |
|
|
|
(21,379 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net change in unrealized
appreciation/depreciation |
|
|
(160,090 |
) |
|
|
(190,849 |
) |
|
|
(320,553 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
Net realized and unrealized
loss |
|
|
(162,259 |
) |
|
|
(175,030 |
) |
|
|
(341,932 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
NET INCREASE IN NET ASSETS RESULTING
FROM OPERATIONS |
|
$ |
9,116 |
|
|
$ |
110,259 |
|
|
$ |
2,188 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See notes to financial
statements.
|
|
|
78 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Statements of
Operations (Unaudited) (Continued)
iSHARES®
TRUST
Six months ended September 30, 2013
|
|
|
|
|
|
|
|
|
|
|
iShares 2017 AMT-Free Muni Term ETF |
|
|
iShares 2018 AMT-Free Muni Term ETF |
|
|
|
|
NET INVESTMENT
INCOME |
|
|
|
|
|
|
|
|
Interest — unaffiliated |
|
$ |
625,958 |
|
|
$ |
74,833 |
|
Interest — affiliated
(Note 2) |
|
|
76 |
|
|
|
18 |
|
|
|
|
|
|
|
|
|
|
Total investment income |
|
|
626,034 |
|
|
|
74,851 |
|
|
|
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
Investment advisory fees
(Note 2) |
|
|
119,526 |
|
|
|
17,848 |
|
|
|
|
|
|
|
|
|
|
Total expenses |
|
|
119,526 |
|
|
|
17,848 |
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
506,508 |
|
|
|
57,003 |
|
|
|
|
|
|
|
|
|
|
|
|
|
NET REALIZED AND UNREALIZED GAIN
(LOSS) |
|
|
|
|
|
|
|
|
Net realized gain (loss)
from: |
|
|
|
|
|
|
|
|
Investments — unaffiliated |
|
|
(74,682 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Net realized loss |
|
|
(74,682 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Net change in unrealized
appreciation/depreciation |
|
|
(916,115 |
) |
|
|
(133,801 |
) |
|
|
|
|
|
|
|
|
|
Net realized and unrealized
loss |
|
|
(990,797 |
) |
|
|
(133,801 |
) |
|
|
|
|
|
|
|
|
|
NET DECREASE IN NET ASSETS RESULTING
FROM OPERATIONS |
|
$ |
(484,289 |
) |
|
$ |
(76,798 |
) |
|
|
|
|
|
|
|
|
|
See notes to financial
statements.
Statements of Changes in
Net Assets
iSHARES®
TRUST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares 2014
AMT-Free Muni Term ETF |
|
|
iShares 2015
AMT-Free Muni Term ETF |
|
|
|
Six months ended September 30, 2013 (Unaudited) |
|
|
Year ended
March 31, 2013 |
|
|
Six months ended September 30, 2013 (Unaudited) |
|
|
Year ended
March 31, 2013 |
|
|
|
|
|
|
INCREASE (DECREASE) IN NET
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
$ |
171,375 |
|
|
$ |
348,417 |
|
|
$ |
285,289 |
|
|
$ |
531,495 |
|
Net realized gain (loss) |
|
|
(2,169 |
) |
|
|
2,461 |
|
|
|
15,819 |
|
|
|
398 |
|
Net change in unrealized
appreciation/depreciation |
|
|
(160,090 |
) |
|
|
(95,039 |
) |
|
|
(190,849 |
) |
|
|
(23,208 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in net assets resulting
from operations |
|
|
9,116 |
|
|
|
255,839 |
|
|
|
110,259 |
|
|
|
508,685 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISTRIBUTIONS TO
SHAREHOLDERS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment income |
|
|
(167,630 |
) |
|
|
(330,538 |
) |
|
|
(284,953 |
) |
|
|
(525,469 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions to
shareholders |
|
|
(167,630 |
) |
|
|
(330,538 |
) |
|
|
(284,953 |
) |
|
|
(525,469 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL SHARE
TRANSACTIONS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from shares sold |
|
|
12,889,901 |
|
|
|
10,349,680 |
|
|
|
21,236,187 |
|
|
|
21,316,313 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in net assets from capital
share transactions |
|
|
12,889,901 |
|
|
|
10,349,680 |
|
|
|
21,236,187 |
|
|
|
21,316,313 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCREASE IN NET ASSETS |
|
|
12,731,387 |
|
|
|
10,274,981 |
|
|
|
21,061,493 |
|
|
|
21,299,529 |
|
|
|
|
|
|
NET ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of period |
|
|
48,991,529 |
|
|
|
38,716,548 |
|
|
|
58,480,489 |
|
|
|
37,180,960 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
End of period |
|
$ |
61,722,916 |
|
|
$ |
48,991,529 |
|
|
$ |
79,541,982 |
|
|
$ |
58,480,489 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Undistributed net investment income
included in net assets at end of period |
|
$ |
27,570 |
|
|
$ |
23,825 |
|
|
$ |
42,312 |
|
|
$ |
41,976 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHARES ISSUED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares sold |
|
|
250,000 |
|
|
|
200,000 |
|
|
|
400,000 |
|
|
|
400,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in shares
outstanding |
|
|
250,000 |
|
|
|
200,000 |
|
|
|
400,000 |
|
|
|
400,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See notes to financial
statements.
|
|
|
80 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Statements of Changes in
Net Assets (Continued)
iSHARES®
TRUST
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares 2016
AMT-Free Muni Term ETF |
|
|
iShares 2017
AMT-Free Muni Term ETF |
|
|
|
Six months ended
September 30, 2013 (Unaudited) |
|
|
Year ended
March 31, 2013 |
|
|
Six months ended September 30, 2013 (Unaudited) |
|
|
Year ended
March 31, 2013 |
|
|
|
|
|
|
INCREASE (DECREASE) IN NET
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
$ |
344,120 |
|
|
$ |
577,213 |
|
|
$ |
506,508 |
|
|
$ |
871,716 |
|
Net realized gain (loss) |
|
|
(21,379 |
) |
|
|
167 |
|
|
|
(74,682 |
) |
|
|
(5,065 |
) |
Net change in unrealized
appreciation/depreciation |
|
|
(320,553 |
) |
|
|
215,579 |
|
|
|
(916,115 |
) |
|
|
612,132 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in net assets
resulting from operations |
|
|
2,188 |
|
|
|
792,959 |
|
|
|
(484,289 |
) |
|
|
1,478,783 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
DISTRIBUTIONS TO
SHAREHOLDERS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
From net investment income |
|
|
(333,749 |
) |
|
|
(569,515 |
) |
|
|
(491,462 |
) |
|
|
(856,854 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions to
shareholders |
|
|
(333,749 |
) |
|
|
(569,515 |
) |
|
|
(491,462 |
) |
|
|
(856,854 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL SHARE
TRANSACTIONS: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Proceeds from shares sold |
|
|
26,648,096 |
|
|
|
21,464,058 |
|
|
|
19,205,582 |
|
|
|
27,735,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in net assets from capital
share transactions |
|
|
26,648,096 |
|
|
|
21,464,058 |
|
|
|
19,205,582 |
|
|
|
27,735,953 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
INCREASE IN NET ASSETS |
|
|
26,316,535 |
|
|
|
21,687,502 |
|
|
|
18,229,831 |
|
|
|
28,357,882 |
|
|
|
|
|
|
NET ASSETS |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Beginning of period |
|
|
56,260,519 |
|
|
|
34,573,017 |
|
|
|
72,069,316 |
|
|
|
43,711,434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
End of period |
|
$ |
82,577,054 |
|
|
$ |
56,260,519 |
|
|
$ |
90,299,147 |
|
|
$ |
72,069,316 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Undistributed net investment income
included in net assets at end of period |
|
$ |
58,784 |
|
|
$ |
48,413 |
|
|
$ |
87,641 |
|
|
$ |
72,595 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SHARES ISSUED |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Shares sold |
|
|
500,000 |
|
|
|
400,000 |
|
|
|
350,000 |
|
|
|
500,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase in shares
outstanding |
|
|
500,000 |
|
|
|
400,000 |
|
|
|
350,000 |
|
|
|
500,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See notes to financial
statements.
Statements of Changes in
Net Assets (Continued)
iSHARES®
TRUST
|
|
|
|
|
|
|
|
|
|
|
iShares 2018
AMT-Free Muni Term ETF |
|
|
|
Six months ended
September 30, 2013 (Unaudited) |
|
|
Period
from March 19, 2013a
to
March 31, 2013 |
|
|
|
|
INCREASE (DECREASE) IN NET
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
OPERATIONS: |
|
|
|
|
|
|
|
|
Net investment income |
|
$ |
57,003 |
|
|
$ |
388 |
|
Net change in unrealized
appreciation/depreciation |
|
|
(133,801 |
) |
|
|
16,202 |
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in net assets
resulting from operations |
|
|
(76,798 |
) |
|
|
16,590 |
|
|
|
|
|
|
|
|
|
|
|
|
|
DISTRIBUTIONS TO
SHAREHOLDERS: |
|
|
|
|
|
|
|
|
From net investment income |
|
|
(41,346 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Total distributions to
shareholders |
|
|
(41,346 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
|
|
|
CAPITAL SHARE
TRANSACTIONS: |
|
|
|
|
|
|
|
|
Proceeds from shares sold |
|
|
20,102,128 |
|
|
|
2,500,000 |
|
|
|
|
|
|
|
|
|
|
Net increase in net assets from capital
share transactions |
|
|
20,102,128 |
|
|
|
2,500,000 |
|
|
|
|
|
|
|
|
|
|
INCREASE IN NET ASSETS |
|
|
19,983,984 |
|
|
|
2,516,590 |
|
|
|
|
NET ASSETS |
|
|
|
|
|
|
|
|
Beginning of period |
|
|
2,516,590 |
|
|
|
— |
|
|
|
|
|
|
|
|
|
|
End of period |
|
$ |
22,500,574 |
|
|
$ |
2,516,590 |
|
|
|
|
|
|
|
|
|
|
Undistributed net investment income
included in net assets at end of period |
|
$ |
16,045 |
|
|
$ |
388 |
|
|
|
|
|
|
|
|
|
|
|
|
|
SHARES ISSUED |
|
|
|
|
|
|
|
|
Shares sold |
|
|
800,000 |
|
|
|
100,000 |
|
|
|
|
|
|
|
|
|
|
Net increase in shares
outstanding |
|
|
800,000 |
|
|
|
100,000 |
|
|
|
|
|
|
|
|
|
|
a |
Commencement of operations. |
See notes to financial
statements.
|
|
|
82 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Financial Highlights
iSHARES®
TRUST
(For a share outstanding throughout each period)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares 2014
AMT-Free Muni Term ETF |
|
|
|
Six
months ended Sep. 30, 2013 (Unaudited) |
|
|
Year ended
Mar. 31, 2013 |
|
|
Year ended
Mar. 31, 2012 |
|
|
Year
ended Mar. 31, 2011 |
|
|
Period
from Jan. 7, 2010a
to
Mar. 31, 2010 |
|
Net asset value, beginning of
period |
|
$ |
51.57 |
|
|
$ |
51.62 |
|
|
$ |
50.61 |
|
|
$ |
50.02 |
|
|
$ |
50.03 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment incomeb |
|
|
0.16 |
|
|
|
0.39 |
|
|
|
0.53 |
|
|
|
0.68 |
|
|
|
0.15 |
|
Net realized and unrealized gain
(loss)c |
|
|
(0.13 |
) |
|
|
(0.06 |
) |
|
|
1.05 |
|
|
|
0.59 |
|
|
|
(0.06 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total from investment
operations |
|
|
0.03 |
|
|
|
0.33 |
|
|
|
1.58 |
|
|
|
1.27 |
|
|
|
0.09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions
from: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
(0.16 |
) |
|
|
(0.38 |
) |
|
|
(0.57 |
) |
|
|
(0.68 |
) |
|
|
(0.10 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions |
|
|
(0.16 |
) |
|
|
(0.38 |
) |
|
|
(0.57 |
) |
|
|
(0.68 |
) |
|
|
(0.10 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of
period |
|
$ |
51.44 |
|
|
$ |
51.57 |
|
|
$ |
51.62 |
|
|
$ |
50.61 |
|
|
$ |
50.02 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return |
|
|
0.08 |
%d |
|
|
0.62 |
% |
|
|
3.14 |
% |
|
|
2.55 |
% |
|
|
0.17 |
%d |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios/Supplemental
data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period
(000s) |
|
$ |
61,723 |
|
|
$ |
48,992 |
|
|
$ |
38,717 |
|
|
$ |
25,305 |
|
|
$ |
5,002 |
|
Ratio of expenses to average net
assetse |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
Ratio of net investment income to
average net assetse |
|
|
0.62 |
% |
|
|
0.76 |
% |
|
|
1.04 |
% |
|
|
1.34 |
% |
|
|
1.33 |
% |
Portfolio turnover ratef |
|
|
0 |
%g |
|
|
1 |
% |
|
|
1 |
% |
|
|
0 |
%g |
|
|
0 |
% |
a |
Commencement of operations. |
b |
Based on
average shares outstanding throughout each period.
|
c |
The
amounts reported for a share outstanding may not accord with the change in
aggregate gains and losses in securities for the fiscal period due to the
timing of capital share transactions in relation to the fluctuating market
values of the Fund’s underlying securities. |
e |
Annualized for periods of less than one year.
|
f |
Portfolio turnover rates exclude portfolio securities received or
delivered as a result of processing capital share transactions in Creation
Units. |
g |
Rounds
to less than 1%. |
See notes to financial
statements.
Financial
Highlights (Continued)
iSHARES®
TRUST
(For a share outstanding throughout each period)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares 2015
AMT-Free Muni Term ETF |
|
|
|
Six
months ended Sep. 30, 2013 (Unaudited) |
|
|
Year ended
Mar. 31, 2013 |
|
|
Year ended
Mar. 31, 2012 |
|
|
Year
ended Mar. 31, 2011 |
|
|
Period
from Jan. 7, 2010a
to
Mar. 31, 2010 |
|
Net asset value, beginning of
period |
|
$ |
53.16 |
|
|
$ |
53.12 |
|
|
$ |
51.28 |
|
|
$ |
50.63 |
|
|
$ |
50.49 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment incomeb |
|
|
0.22 |
|
|
|
0.59 |
|
|
|
0.78 |
|
|
|
0.89 |
|
|
|
0.21 |
|
Net realized and unrealized gain
(loss)c |
|
|
(0.12 |
) |
|
|
0.05 |
|
|
|
1.85 |
|
|
|
0.63 |
|
|
|
0.06 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total from investment
operations |
|
|
0.10 |
|
|
|
0.64 |
|
|
|
2.63 |
|
|
|
1.52 |
|
|
|
0.27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions
from: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
(0.23 |
) |
|
|
(0.60 |
) |
|
|
(0.79 |
) |
|
|
(0.87 |
) |
|
|
(0.13 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions |
|
|
(0.23 |
) |
|
|
(0.60 |
) |
|
|
(0.79 |
) |
|
|
(0.87 |
) |
|
|
(0.13 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of
period |
|
$ |
53.03 |
|
|
$ |
53.16 |
|
|
$ |
53.12 |
|
|
$ |
51.28 |
|
|
$ |
50.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return |
|
|
0.20 |
%d |
|
|
1.19 |
% |
|
|
5.15 |
% |
|
|
3.02 |
% |
|
|
0.54 |
%d |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios/Supplemental
data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period
(000s) |
|
$ |
79,542 |
|
|
$ |
58,480 |
|
|
$ |
37,181 |
|
|
$ |
23,075 |
|
|
$ |
5,063 |
|
Ratio of expenses to average net
assetse |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
Ratio of net investment income to
average net assetse |
|
|
0.83 |
% |
|
|
1.11 |
% |
|
|
1.48 |
% |
|
|
1.74 |
% |
|
|
1.84 |
% |
Portfolio turnover ratef |
|
|
1 |
% |
|
|
0 |
%g |
|
|
0 |
%g |
|
|
0 |
% |
|
|
2 |
% |
a |
Commencement of operations. |
b |
Based on
average shares outstanding throughout each period.
|
c |
The
amounts reported for a share outstanding may not accord with the change in
aggregate gains and losses in securities for the fiscal period due to the
timing of capital share transactions in relation to the fluctuating market
values of the Fund’s underlying securities. |
e |
Annualized for periods of less than one year.
|
f |
Portfolio turnover rates exclude portfolio securities received or
delivered as a result of processing capital share transactions in Creation
Units. |
g |
Rounds
to less than 1%. |
See notes to financial
statements.
|
|
|
84 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Financial
Highlights (Continued)
iSHARES®
TRUST
(For a share outstanding throughout each period)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares 2016
AMT-Free Muni Term ETF |
|
|
|
Six
months ended Sep. 30, 2013 (Unaudited) |
|
|
Year ended
Mar. 31, 2013 |
|
|
Year ended
Mar. 31, 2012 |
|
|
Year
ended Mar. 31, 2011 |
|
|
Period
from Jan. 7, 2010a
to
Mar. 31, 2010 |
|
Net asset value, beginning of
period |
|
$ |
53.58 |
|
|
$ |
53.19 |
|
|
$ |
50.55 |
|
|
$ |
49.72 |
|
|
$ |
49.66 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment incomeb |
|
|
0.27 |
|
|
|
0.70 |
|
|
|
0.98 |
|
|
|
1.11 |
|
|
|
0.26 |
|
Net realized and unrealized gain
(loss)c |
|
|
(0.30 |
) |
|
|
0.41 |
|
|
|
2.65 |
|
|
|
0.83 |
|
|
|
(0.04 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total from investment
operations |
|
|
(0.03 |
) |
|
|
1.11 |
|
|
|
3.63 |
|
|
|
1.94 |
|
|
|
0.22 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions
from: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
(0.27 |
) |
|
|
(0.72 |
) |
|
|
(0.99 |
) |
|
|
(1.11 |
) |
|
|
(0.16 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions |
|
|
(0.27 |
) |
|
|
(0.72 |
) |
|
|
(0.99 |
) |
|
|
(1.11 |
) |
|
|
(0.16 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of
period |
|
$ |
53.28 |
|
|
$ |
53.58 |
|
|
$ |
53.19 |
|
|
$ |
50.55 |
|
|
$ |
49.72 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return |
|
|
(0.03 |
)%d |
|
|
2.08 |
% |
|
|
7.23 |
% |
|
|
3.91 |
% |
|
|
0.44 |
%d |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios/Supplemental
data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period
(000s) |
|
$ |
82,577 |
|
|
$ |
56,261 |
|
|
$ |
34,573 |
|
|
$ |
17,694 |
|
|
$ |
4,972 |
|
Ratio of expenses to average net
assetse |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
Ratio of net investment income to
average net assetse |
|
|
1.02 |
% |
|
|
1.31 |
% |
|
|
1.87 |
% |
|
|
2.17 |
% |
|
|
2.25 |
% |
Portfolio turnover ratef |
|
|
0 |
%g |
|
|
1 |
% |
|
|
1 |
% |
|
|
4 |
% |
|
|
0 |
% |
a |
Commencement of operations. |
b |
Based on
average shares outstanding throughout each period.
|
c |
The
amounts reported for a share outstanding may not accord with the change in
aggregate gains and losses in securities for the fiscal period due to the
timing of capital share transactions in relation to the fluctuating market
values of the Fund’s underlying securities. |
e |
Annualized for periods of less than one year.
|
f |
Portfolio turnover rates exclude portfolio securities received or
delivered as a result of processing capital share transactions in Creation
Units. |
g |
Rounds
to less than 1%. |
See notes to financial
statements.
Financial Highlights
(Continued)
iSHARES®
TRUST
(For a share outstanding throughout each period)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares 2017
AMT-Free Muni Term ETF |
|
|
|
Six
months ended Sep. 30, 2013 (Unaudited) |
|
|
Year ended
Mar. 31, 2013 |
|
|
Year ended
Mar. 31, 2012 |
|
|
Year
ended Mar. 31, 2011 |
|
|
Period
from Jan. 7, 2010a
to
Mar. 31, 2010 |
|
Net asset value, beginning of
period |
|
$ |
55.44 |
|
|
$ |
54.64 |
|
|
$ |
51.10 |
|
|
$ |
50.34 |
|
|
$ |
50.13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from investment
operations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment incomeb |
|
|
0.35 |
|
|
|
0.81 |
|
|
|
1.11 |
|
|
|
1.28 |
|
|
|
0.30 |
|
Net realized and unrealized gain
(loss)c |
|
|
(0.71 |
) |
|
|
0.82 |
|
|
|
3.56 |
|
|
|
0.69 |
|
|
|
0.09 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total from investment
operations |
|
|
(0.36 |
) |
|
|
1.63 |
|
|
|
4.67 |
|
|
|
1.97 |
|
|
|
0.39 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Less distributions
from: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net investment income |
|
|
(0.35 |
) |
|
|
(0.83 |
) |
|
|
(1.13 |
) |
|
|
(1.21 |
) |
|
|
(0.18 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total distributions |
|
|
(0.35 |
) |
|
|
(0.83 |
) |
|
|
(1.13 |
) |
|
|
(1.21 |
) |
|
|
(0.18 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net asset value, end of
period |
|
$ |
54.73 |
|
|
$ |
55.44 |
|
|
$ |
54.64 |
|
|
$ |
51.10 |
|
|
$ |
50.34 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return |
|
|
(0.64 |
)%d |
|
|
2.98 |
% |
|
|
9.22 |
% |
|
|
3.91 |
% |
|
|
0.78 |
%d |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios/Supplemental
data: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net assets, end of period
(000s) |
|
$ |
90,299 |
|
|
$ |
72,069 |
|
|
$ |
43,711 |
|
|
$ |
22,996 |
|
|
$ |
5,034 |
|
Ratio of expenses to average net
assetse |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
|
|
0.30 |
% |
Ratio of net investment income to
average net assetse |
|
|
1.27 |
% |
|
|
1.47 |
% |
|
|
2.06 |
% |
|
|
2.48 |
% |
|
|
2.57 |
% |
Portfolio turnover ratef |
|
|
1 |
% |
|
|
0 |
%g |
|
|
4 |
% |
|
|
2 |
% |
|
|
0 |
% |
a |
Commencement of operations. |
b |
Based on
average shares outstanding throughout each period.
|
c |
The
amounts reported for a share outstanding may not accord with the change in
aggregate gains and losses in securities for the fiscal period due to the
timing of capital share transactions in relation to the fluctuating market
values of the Fund’s underlying securities. |
e |
Annualized for periods of less than one year.
|
f |
Portfolio turnover rates exclude portfolio securities received or
delivered as a result of processing capital share transactions in Creation
Units. |
g |
Rounds
to less than 1%. |
See notes to financial
statements.
|
|
|
86 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Financial
Highlights (Continued)
iSHARES®
TRUST
(For a share outstanding throughout each period)
iShares 2018 AMT-Free Muni Term ETF
|
|
|
|
|
|
|
|
|
|
|
Six
months ended Sep. 30, 2013 (Unaudited) |
|
|
Period from
Mar. 19, 2013a
to
Mar. 31, 2013 |
|
Net asset value, beginning of
period |
|
$ |
25.17 |
|
|
$ |
25.00 |
|
|
|
|
|
|
|
|
|
|
Income from investment
operations: |
|
|
|
|
|
|
|
|
Net investment incomeb |
|
|
0.12 |
|
|
|
0.00 |
c |
Net realized and unrealized gain
(loss)d |
|
|
(0.20 |
) |
|
|
0.17 |
|
|
|
|
|
|
|
|
|
|
Total from investment
operations |
|
|
(0.08 |
) |
|
|
0.17 |
|
|
|
|
|
|
|
|
|
|
Less distributions
from: |
|
|
|
|
|
|
|
|
Net investment income |
|
|
(0.09 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Total distributions |
|
|
(0.09 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
|
Net asset value, end of
period |
|
$ |
25.00 |
|
|
$ |
25.17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total return |
|
|
(0.27 |
)%e |
|
|
0.64 |
%e |
|
|
|
|
|
|
|
|
|
|
|
|
Ratios/Supplemental
data: |
|
|
|
|
|
|
|
|
Net assets, end of period
(000s) |
|
$ |
22,501 |
|
|
$ |
2,517 |
|
Ratio of expenses to average net
assetsf |
|
|
0.30 |
% |
|
|
0.30 |
% |
Ratio of net investment income to
average net assetsf |
|
|
0.96 |
% |
|
|
0.47 |
% |
Portfolio turnover rateg |
|
|
0 |
% |
|
|
0 |
% |
a |
Commencement of operations. |
b |
Based on
average shares outstanding throughout each period.
|
c |
Rounds
to less than $0.01. |
d |
The
amounts reported for a share outstanding may not accord with the change in
aggregate gains and losses in securities for the fiscal period due to the
timing of capital share transactions in relation to the fluctuating market
values of the Fund’s underlying securities. |
f |
Annualized for periods of less than one year.
|
g |
Portfolio turnover rates exclude portfolio securities received or
delivered as a result of processing capital share transactions in Creation
Units. |
See notes to financial
statements.
Notes to Financial Statements (Unaudited)
iSHARES®
TRUST
iShares Trust (the
“Trust”) is registered under the Investment Company Act of 1940, as amended (the
“1940 Act”), as an open-end management investment company. The Trust was
established as a Delaware statutory trust pursuant to an Agreement and
Declaration of Trust dated December 16, 1999.
These financial statements
relate only to the following funds (each, a “Fund,” and collectively, the
“Funds”):
|
|
|
|
|
|
|
iShares
Term ETF |
|
Former
Namea |
|
Diversification Classification |
|
2014 AMT-Free Muni |
|
iShares 2014 S&P AMT-Free Municipal Series |
|
|
Diversified |
|
2015 AMT-Free Muni |
|
iShares 2015
S&P AMT-Free Municipal Series |
|
|
Diversified |
|
2016 AMT-Free Muni |
|
iShares 2016
S&P AMT-Free Municipal Series |
|
|
Diversified |
|
2017 AMT-Free Muni |
|
iShares 2017
S&P AMT-Free Municipal Series |
|
|
Diversified |
|
2018 AMT-Free Muni |
|
iShares 2018 S&P AMT-Free Municipal
Series |
|
|
Non-diversified |
|
|
a |
|
The Funds changed
their names effective July 1, 2013. |
The investment objective
of each Fund is to seek investment results that correspond generally to the
price and yield performance, before fees and expenses, of its underlying index.
The investment adviser uses a “passive” or index approach to try to achieve each
Fund’s investment objective.
Non-diversified funds
generally hold securities of fewer issuers than diversified funds and may be
more susceptible to the risks associated with these particular issuers, or to a
single economic, political or regulatory occurrence affecting these issuers.
Pursuant to the Trust’s
organizational documents, the Funds’ officers and trustees are indemnified
against certain liabilities that may arise out of the performance of their
duties to the Funds. Additionally, in the normal course of business, the Funds
enter into contracts with service providers that contain general indemnification
clauses. The Funds’ maximum exposure under these arrangements is unknown as this
would involve future claims that may be made against the Funds that have not yet
occurred.
1. |
SIGNIFICANT
ACCOUNTING POLICIES |
The following significant
accounting policies are consistently followed by the Funds in the preparation of
their financial statements in conformity with accounting principles generally
accepted in the United States of America (“U.S. GAAP”). The preparation of
financial statements in conformity with U.S. GAAP requires management to make
certain estimates and assumptions that affect the reported amounts of assets and
liabilities and disclosures of contingent assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. Actual results could differ from those estimates.
SECURITY VALUATION
Each Fund’s investments
are valued at fair value each day that the Fund’s listing exchange is open and,
for financial reporting purposes, as of the report date should the reporting
period end on a day that the Fund’s listing exchange is not open. U.S. GAAP
defines fair value as the price a fund would receive to sell an asset or pay to
transfer a liability in an orderly transaction between market participants at
the measurement date. The BlackRock Global Valuation Methodologies Committee
(the “Global Valuation Committee”) provides oversight of the valuation of
investments for the Funds. The investments of each Fund are valued pursuant
|
|
|
88 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Notes to Financial
Statements (Unaudited)
(Continued)
iSHARES®
TRUST
to policies and procedures
developed by the Global Valuation Committee and approved by the Board of
Trustees of the Trust (the “Board”).
|
• |
|
Fixed income
investments are valued at the last available bid price received from
independent pricing services. In determining the value of a fixed income
investment, pricing services may use certain information with respect to
transactions in such investments, quotations from dealers, pricing
matrixes, market transactions in comparable investments, various
relationships observed in the market between investments, and calculated
yield measures. |
|
• |
|
Open-end U.S. mutual
funds are valued at that day’s published net asset value (NAV).
|
In the event that
application of these methods of valuation results in a price for an investment
which is deemed not to be representative of the fair value of such investment or
if a price is not available, the investment will be valued based upon other
available factors deemed relevant by the Global Valuation Committee, in
accordance with policies approved by the Board. These factors include but are
not limited to (i) attributes specific to the investment; (ii) the
principal market for the investment; (iii) the customary participants in
the principal market for the investment; (iv) data assumptions by market
participants for the investment, if reasonably available; (v) quoted prices
for similar investments in active markets; and (vi) other factors, such as
future cash flows, interest rates, yield curves, volatilities, prepayment
speeds, loss severities, credit risks and/or default rates. Valuations based on
such factors are reported to the Board on a quarterly basis.
The Global Valuation
Committee employs various methods for calibrating valuation approaches for
investments where an active market does not exist, including regular due
diligence of the Trust’s pricing vendors, a regular review of key inputs and
assumptions, transactional back-testing or disposition analysis to compare
unrealized gains and losses to realized gains and losses, reviews of missing or
stale prices, reviews of large movements in market values, and reviews of market
related activity.
Fair value pricing could
result in a difference between the prices used to calculate a Fund’s net asset
value and the prices used by the Fund’s underlying index, which in turn could
result in a difference between the Fund’s performance and the performance of the
Fund’s underlying index.
Various inputs are used in
determining the fair value of financial instruments. Inputs may be based on
independent market data (“observable inputs”) or they may be internally
developed (“unobservable inputs”). These inputs are categorized into a
disclosure hierarchy consisting of three broad levels for financial reporting
purposes. The level of a value determined for a financial instrument within the
fair value hierarchy is based on the lowest level of any input that is
significant to the fair value measurement in its entirety. The categorization of
a value determined for a financial instrument within the hierarchy is based upon
the pricing transparency of the instrument and is not necessarily an indication
of the risk associated with investing in the instrument. The three levels of the
fair value hierarchy are as follows:
|
• |
|
Level 1 — Unadjusted
quoted prices in active markets for identical assets or liabilities;
|
|
• |
|
Level 2 — Inputs
other than quoted prices included within Level 1 that are observable for
the asset or liability either directly or indirectly, including quoted
prices for similar assets or liabilities in active markets, quoted prices
for identical or similar assets or liabilities in markets that are not
considered to be active, inputs other than quoted prices that are
observable for the asset or liability (such as exchange rates, financing
terms, interest rates, yield curves, volatilities, prepayment speeds, loss
severities, credit risks and default rates) or other market-corroborated
inputs; and |
|
• |
|
Level 3 —
Unobservable inputs for the asset or liability, including the Global
Valuation Committee’s assumptions used in determining the fair value of
investments. |
|
|
|
|
|
NOTES TO
FINANCIAL STATEMENTS |
|
|
89 |
|
Notes to Financial
Statements (Unaudited)
(Continued)
iSHARES®
TRUST
Changes in valuation
techniques may result in transfers in or out of an assigned level within the
disclosure hierarchy. In accordance with the Trust’s policy, transfers between
different levels of the fair value hierarchy are deemed to have occurred as of
the beginning of the reporting period.
The following table
summarizes the value of each of the Funds’ investments according to the fair
value hierarchy as of September 30, 2013. The breakdown of each Fund’s
investments into major categories is disclosed in its respective schedule of
investments.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares Term ETF and Investment
Type |
|
Investments |
|
|
Level 1 |
|
|
Level 2 |
|
|
Level 3 |
|
|
Total |
|
2014 AMT-Free Muni |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds &
Notes |
|
$ |
— |
|
|
$ |
60,949,752 |
|
|
$ |
— |
|
|
$ |
60,949,752 |
|
Money Market Funds |
|
|
126,304 |
|
|
|
— |
|
|
|
— |
|
|
|
126,304 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
126,304 |
|
|
$ |
60,949,752 |
|
|
$ |
— |
|
|
$ |
61,076,056 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2015 AMT-Free Muni |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds &
Notes |
|
$ |
— |
|
|
$ |
78,516,931 |
|
|
$ |
— |
|
|
$ |
78,516,931 |
|
Money Market Funds |
|
|
222,728 |
|
|
|
— |
|
|
|
— |
|
|
|
222,728 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
222,728 |
|
|
$ |
78,516,931 |
|
|
$ |
— |
|
|
$ |
78,739,659 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2016 AMT-Free Muni |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds &
Notes |
|
$ |
— |
|
|
$ |
81,526,327 |
|
|
$ |
— |
|
|
$ |
81,526,327 |
|
Money Market Funds |
|
|
343,901 |
|
|
|
— |
|
|
|
— |
|
|
|
343,901 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
343,901 |
|
|
$ |
81,526,327 |
|
|
$ |
— |
|
|
$ |
81,870,228 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2017 AMT-Free Muni |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds &
Notes |
|
$ |
— |
|
|
$ |
89,168,594 |
|
|
$ |
— |
|
|
$ |
89,168,594 |
|
Money Market Funds |
|
|
270,924 |
|
|
|
— |
|
|
|
— |
|
|
|
270,924 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
270,924 |
|
|
$ |
89,168,594 |
|
|
$ |
— |
|
|
$ |
89,439,518 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2018 AMT-Free Muni |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Municipal Bonds &
Notes |
|
$ |
— |
|
|
$ |
22,140,646 |
|
|
$ |
— |
|
|
$ |
22,140,646 |
|
Money Market Funds |
|
|
1,396,001 |
|
|
|
— |
|
|
|
— |
|
|
|
1,396,001 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
1,396,001 |
|
|
$ |
22,140,646 |
|
|
$ |
— |
|
|
$ |
23,536,647 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SECURITY TRANSACTIONS AND
INCOME RECOGNITION
Security transactions are
accounted for on trade date. Realized gains and losses on investment
transactions are determined using the specific identification method. Interest
income, including amortization and accretion of premiums and discounts on debt
securities, is recognized daily on the accrual basis.
|
|
|
90 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Notes to Financial
Statements (Unaudited)
(Continued)
iSHARES®
TRUST
DISTRIBUTIONS TO SHAREHOLDERS
Dividends and
distributions paid by each Fund are recorded on the ex-dividend dates.
Distributions are determined on a tax basis and may differ from net investment
income and net realized capital gains for financial reporting purposes.
Dividends and distributions are paid in U.S. dollars and cannot be automatically
reinvested in additional shares of the Funds.
FEDERAL INCOME TAXES
Each Fund is treated as an
entity separate from the Trust’s other funds for federal income tax purposes. It
is the policy of each Fund to qualify as a regulated investment company by
complying with the provisions applicable to regulated investment companies, as
defined under Subchapter M of the Internal Revenue Code of 1986, as amended, and
to annually distribute substantially all of its ordinary income and any net
capital gains (taking into account any capital loss carryforwards) sufficient to
relieve it from all, or substantially all, federal income and excise taxes.
Accordingly, no provision for federal income taxes is required.
2. |
INVESTMENT ADVISORY
AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES
|
Pursuant to an Investment
Advisory Agreement with the Trust, BlackRock Fund Advisors (“BFA”) manages the
investment of each Fund’s assets. BFA is a California corporation indirectly
owned by BlackRock, Inc. (“BlackRock”). Under the Investment Advisory Agreement,
BFA is responsible for substantially all expenses of the Funds, except interest,
taxes, brokerage commissions and other expenses connected with the execution of
portfolio transactions, distribution fees, litigation expenses and any
extraordinary expenses.
For its investment
advisory services to each Fund, BFA is entitled to an annual investment advisory
fee of 0.30% based on the average daily net assets of each Fund.
BlackRock Investments,
LLC, an affiliate of BFA, is the distributor for each Fund. Pursuant to the
distribution agreement, BFA is responsible for any fees or expenses for
distribution services provided to the Funds.
Each Fund may invest its
positive cash balances in certain money market funds managed by BFA or an
affiliate. The income earned on these temporary cash investments is included in
“Interest – affiliated” in the statements of operations.
The PNC Financial Services
Group, Inc. is the largest stockholder of BlackRock and is considered to be an
affiliate of the Funds for 1940 Act purposes.
Certain trustees and
officers of the Trust are also officers of BlackRock Institutional Trust
Company, N.A. and/or BFA.
|
|
|
|
|
NOTES TO
FINANCIAL STATEMENTS |
|
|
91 |
|
Notes to Financial
Statements (Unaudited)
(Continued)
iSHARES®
TRUST
3. |
INVESTMENT PORTFOLIO
TRANSACTIONS |
Purchases and sales of
investments (excluding in-kind transactions and short-term investments) for the
six months ended September 30, 2013 were as follows:
|
|
|
|
|
|
|
|
|
iShares
Term ETF |
|
Purchases |
|
|
Sales |
|
2014 AMT-Free Muni |
|
$ |
9,432,608 |
|
|
$ |
115,857 |
|
2015 AMT-Free Muni |
|
|
22,510,077 |
|
|
|
573,534 |
|
2016 AMT-Free Muni |
|
|
26,192,585 |
|
|
|
253,874 |
|
2017 AMT-Free Muni |
|
|
20,694,405 |
|
|
|
756,985 |
|
2018 AMT-Free Muni |
|
|
19,987,429 |
|
|
|
— |
|
In-kind transactions (see
Note 4) for the six months ended September 30, 2013 were as follows:
|
|
|
|
|
iShares
Term ETF |
|
In-kind Purchases |
|
2016 AMT-Free Muni |
|
$ |
1,253,680 |
|
4. |
CAPITAL SHARE
TRANSACTIONS |
Capital shares are issued
and redeemed by each Fund only in aggregations of a specified number of shares
or multiples thereof (“Creation Units”) at net asset value. Except when
aggregated in Creation Units, shares of each Fund are not redeemable.
Transactions in capital shares for each Fund are disclosed in detail in the
statements of changes in net assets.
The consideration for the
purchase of Creation Units of a fund in the Trust generally consists of the
in-kind deposit of a designated portfolio of securities and a specified amount
of cash. Certain funds in the Trust may be offered in Creation Units solely or
partially for cash in U.S. dollars. Investors purchasing and redeeming Creation
Units may pay a purchase transaction fee and a redemption transaction fee
directly to State Street Bank and Trust Company, the Trust’s administrator, to
offset transfer and other transaction costs associated with the issuance and
redemption of Creation Units, including Creation Units for cash. Investors
transacting in Creation Units for cash may also pay an additional variable
charge to compensate the relevant fund for certain transaction costs (i.e.,
stamp taxes, taxes on currency or other financial transactions, and brokerage
costs) and market impact expenses relating to investing in portfolio securities.
5. |
INCOME TAX
INFORMATION |
For purposes of U.S. GAAP,
in-kind redemptions are treated as sales of securities resulting in realized
capital gains or losses to the Funds. Because such gains or losses are not
taxable to the Funds and are not distributed to existing Fund shareholders, the
gains or losses are reclassified from accumulated net realized gain (loss) to
paid-in capital at the end of the Funds’ tax year. These reclassifications have
no effect on net assets or net asset values per share.
The tax character of
current year distributions will be determined at the end of the current fiscal
year.
|
|
|
92 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Notes to Financial
Statements (Unaudited)
(Continued)
iSHARES®
TRUST
As of September 30,
2013, gross unrealized appreciation and gross unrealized depreciation based on
cost for federal income tax purposes were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
iShares
Term ETF |
|
Tax Cost |
|
|
Gross Unrealized Appreciation |
|
|
Gross Unrealized Depreciation |
|
|
Net Unrealized Appreciation (Depreciation) |
|
2014 AMT-Free Muni |
|
$ |
60,796,560 |
|
|
$ |
295,850 |
|
|
$ |
(16,354 |
) |
|
$ |
279,496 |
|
2015 AMT-Free Muni |
|
|
77,923,340 |
|
|
|
868,826 |
|
|
|
(52,507 |
) |
|
|
816,319 |
|
2016 AMT-Free Muni |
|
|
80,845,560 |
|
|
|
1,110,037 |
|
|
|
(85,369 |
) |
|
|
1,024,668 |
|
2017 AMT-Free Muni |
|
|
88,145,371 |
|
|
|
1,539,276 |
|
|
|
(245,129 |
) |
|
|
1,294,147 |
|
2018 AMT-Free Muni |
|
|
23,654,246 |
|
|
|
28,634 |
|
|
|
(146,233 |
) |
|
|
(117,599 |
) |
Management has reviewed
the tax positions as of September 30, 2013, inclusive of the open tax
return years, and has determined that no provision for income tax is required in
the Funds’ financial statements.
Management has evaluated
the impact of all subsequent events on the Funds through the date the financial
statements were available to be issued and has determined that there were no
subsequent events requiring adjustment or disclosure in the financial
statements.
|
|
|
|
|
NOTES TO
FINANCIAL STATEMENTS |
|
|
93 |
|
Board Review and Approval of Investment Advisory
Contract
iSHARES®
TRUST
I. iShares 2014 AMT-Free
Muni Term ETF, iShares 2015 AMT-Free Muni Term ETF, iShares 2016 AMT-Free Muni
Term ETF and iShares 2017 AMT-Free Muni Term ETF.
Under Section 15(c)
of the Investment Company Act of 1940 (the “1940 Act”), the Trust’s Board of
Trustees (the “Board”), including a majority of Trustees who are not “interested
persons” of the Trust (as that term is defined in the 1940 Act) (the
“Independent Trustees”), is required annually to consider and approve the
Investment Advisory Contract between the Trust and BFA (the “Advisory Contract”)
on behalf of the Funds. The Independent Trustees requested, and BFA provided,
such information as the Independent Trustees, with advice from independent
counsel, deemed reasonably necessary to evaluate the Advisory Contract. A
committee of Independent Trustees (the “15(c) Committee”), with independent
counsel, met with management on March 7, 2013, April 23, 2013,
and May 3, 2013, to discuss the types of information the Independent
Trustees required and the manner in which management would organize and present
such information. At a meeting held on May 16, 2013, management presented
preliminary information to the Board relating to the continuance of the Advisory
Contract, and the Board, including the Independent Trustees, reviewed and
discussed such information at length. The Independent Trustees requested from
management certain additional information, and the 15(c) Committee met with
management on June 5, 2013, to discuss the additional requests. At a
meeting held on June 10-11, 2013, the Board, including the Independent
Trustees, reviewed the additional information provided by management in response
to these requests. The Board, including a majority of the Independent Trustees,
approved the continuance of the Advisory Contract for the Funds, based on a
review of qualitative and quantitative information provided by BFA, including
the supplemental information management provided at the request of the
Independent Trustees. The Board noted its satisfaction with the extent and
quality of information provided and its frequent interactions with management,
as well as the detailed responses and other information provided by BFA. The
Independent Trustees were advised by their independent counsel throughout the
process. In approving the Advisory Contract for the Funds, the Board, including
the Independent Trustees, considered the following factors, no one of which was
controlling, and reached the following conclusions:
Expenses and
Performance of the Funds — The Board reviewed statistical
information prepared by Lipper Inc. (“Lipper”), an independent provider of
investment company data, regarding the expense ratio components, including
actual advisory fees, waivers/reimbursements, and gross and net total expenses
of each Fund in comparison with the same information for other registered
investment companies objectively selected by Lipper as comprising such Fund’s
applicable peer group pursuant to Lipper’s proprietary methodology, and any
registered funds that would otherwise have been excluded from Lipper’s
comparison group because of the size, sponsor, inception date, or other
differentiating factors included in Lipper’s proprietary selection methodology,
but that were nonetheless included at the request of BFA (the “Lipper Group”).
Because there are few, if any, exchange traded funds or index funds that track
indexes similar to those tracked by the Funds, the Lipper Group included in part
mutual funds, closed-end funds, exchange traded funds, and/or funds with
differing investment objective classifications, investment focuses and other
characteristics (e.g., actively managed funds and funds sponsored by “at cost”
service providers), as applicable. In support of its review of the statistical
information, the Board was provided with a detailed description of the
methodology used by Lipper to determine the applicable Lipper Groups and to
prepare this information. The Board also received a detailed explanation from
BFA regarding its rationale for including funds that had been excluded from
Lipper’s consideration due to Lipper’s methodology parameters, as well as
information showing the effect of including these additional funds in the
analysis. The Board further noted that due to the limitations in providing
comparable funds in the various Lipper Groups, the statistical information
provided in the Lipper Report may or may not provide meaningful direct
comparisons to the Funds.
The Board also noted that
the investment advisory fee rates and overall expenses for the Funds compared
favorably to the investment advisory fee rates and overall expenses of the funds
in their respective Lipper Group.
In addition, the Board
reviewed statistical information prepared by Lipper regarding the performance of
each Fund for the one-, three-, five-, ten-year, and since inception periods, as
applicable, and the “last quarter” period ended December 31, 2012, and a
|
|
|
94 |
|
2013
iSHARES SEMI-ANNUAL
REPORT TO
SHAREHOLDERS |
Board Review and Approval
of Investment Advisory
Contract (Continued)
iSHARES®
TRUST
comparison of each Fund’s
performance to its performance benchmark index for the same periods. To the
extent that any of the comparison funds included in the Lipper Group track the
same index as any particular Fund, Lipper also provided, and the Board reviewed,
a comparison of such Fund’s performance to that of such relevant comparison
funds for the same periods. The Board noted that the Funds generally performed
in line with their respective performance benchmark indexes over the relevant
periods. In considering this information, the Board noted that the Lipper Group
may include funds that are not exchange traded funds or index funds, and that
may have different investment objectives and/or benchmarks from the Funds. In
addition, the Board noted that each Fund seeks to track its own benchmark index
and that, during the prior year, the Board received periodic reports on the
Funds’ performance in comparison with their relevant benchmark indexes. Such
periodic comparative performance information, including detailed information on
certain specific iShares funds requested by the Board, was also considered.
Based on this review, the
other factors considered at the meeting, and their general knowledge of mutual
fund pricing, the Board concluded that the investment advisory fee rate and
expense level and the historical performance of each Fund supported the Board’s
approval of the continuance of the Advisory Contract for the coming year.
Nature, Extent and
Quality of Services Provided by BFA — Based on management’s
representations, including information about recent and proposed enhancements to
the iShares business, including with respect to shareholder servicing and
support, the Board expected that there would be no diminution in the scope of
services required of or provided by BFA under the Advisory Contract for the
coming year as compared to the scope of services provided by BFA during prior
years. In reviewing the scope of these services, the Board considered BFA’s
investment philosophy and experience, noting that BFA and its affiliates have
committed significant resources over time, including during the past year, to
supporting the Funds and their shareholders. The Board acknowledged that
resources to support the iShares funds and their shareholders have been added or
enhanced since BlackRock’s acquisition of BFA in December 2009, including in
such areas as investor education, product management, customized portfolio
consulting support, and capital markets support. The Board also considered BFA’s
compliance program and its compliance record with respect to the Funds. In that
regard, the Board noted that BFA reports to the Board about portfolio management
and compliance matters on a periodic basis in connection with regularly
scheduled meetings of the Board, and on other occasions as necessary and
appropriate, and has provided information and made appropriate officers
available as needed to provide further assistance with these matters. The Board
also reviewed the background and experience of the persons responsible for the
day-to-day management of the Funds. In addition to the above considerations, the
Board reviewed and considered detailed presentations regarding BFA’s investment
and risk management processes and strategies provided at the June 10-11,
2013 meeting and throughout the previous year, and matters related to BFA’s
portfolio compliance policies and procedures. The Board noted that each Fund had
met its investment objective consistently since its respective inception date.
Based on review of this
information, and the performance information discussed above, the Board
concluded that the nature, extent and quality of services provided by BFA to the
Funds under the Advisory Contract supported the Board’s approval of the
continuance of the Advisory Contract for the coming year.
Costs of Services
Provided to the Funds and Profits Realized by BFA and its
Affiliates — The Board reviewed information about the profitability
to BlackRock of the Funds based on the fees payable to BFA and its affiliates
(including fees under the Advisory Contract), and all other sources of revenue
and expense to BFA and its affiliates from the Funds’ operations for the last
calendar year. The Board reviewed BlackRock’s profitability methodology for the
iShares funds, noting that the 15(c) Committee had focused on the methodology
and proposed presentation during its meetings. The Board discussed the sources
of direct and ancillary revenue with management, including the revenues to BTC
from securities lending by the Funds. The Board also discussed BFA’s profit
margin as reflected in the Funds’ profitability analyses and reviewed
information regarding economies of scale (as discussed below). Based on this
review, the Board concluded that the profits realized by BFA and its affiliates
under the Advisory Contract and from other relationships between the Funds and
BFA and/or its affiliates, if any, were within a reasonable range in light of
the factors considered.
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BOARD
REVIEW AND APPROVAL
OF INVESTMENT ADVISORY
CONTRACT |
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95 |
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