|
|
APRIL 30, 2022 |
|
|
2022 Semi-Annual Report (Unaudited)
| |
iShares Trust
· iShares iBonds Dec 2022 Term Muni Bond ETF | IBMK | NYSE Arca
· iShares iBonds Dec 2023 Term Muni Bond ETF | IBML | Cboe BZX
· iShares iBonds Dec 2024 Term Muni Bond ETF | IBMM | Cboe BZX
· iShares iBonds Dec 2025 Term Muni Bond ETF | IBMN | Cboe BZX
· iShares iBonds Dec 2026 Term Muni Bond ETF | IBMO | Cboe BZX
· iShares iBonds Dec 2027 Term Muni Bond ETF | IBMP | Cboe BZX
· iShares iBonds Dec 2028 Term Muni Bond ETF | IBMQ | Cboe BZX
Dear Shareholder,
The 12-month reporting period as of April 30, 2022 saw the emergence of significant challenges that disrupted the economic recovery and strong financial markets which characterized 2021. The U.S. economy shrank in the first quarter of 2022, ending the run of robust growth which followed reopening and the development of the COVID-19 vaccines. Rapid changes in consumer spending led to supply constraints and elevated inflation, which reached a 40-year high. Moreover, while the foremost effect of Russia’s invasion of Ukraine has been a severe humanitarian crisis, the invasion has presented challenges for both investors and policymakers.
Equity prices were mixed but mostly down, as persistently high inflation drove investors’ expectations for higher interest rates, particularly weighing on relatively high valuation growth stocks and economically sensitive small-capitalization stocks. Overall, small-capitalization U.S. stocks declined, while large-capitalization U.S. stocks were nearly flat. Both emerging market stocks and international equities from developed markets fell significantly, pressured by rising interest rates and a strengthening U.S. dollar.
The 10-year U.S. Treasury yield (which is inversely related to bond prices) rose during the reporting period as increasing inflation drove investors’ expectations for higher interest rates. The corporate bond market also faced inflationary headwinds, and increasing uncertainty led to higher corporate bond spreads (the difference in yield between U.S. Treasuries and similarly-dated corporate bonds).
The U.S. Federal Reserve (the “Fed”), acknowledging that inflation is growing faster than expected, raised interest rates in March 2022, the first increase of this business cycle. Furthermore, the Fed wound down its bond-buying programs and raised the prospect of reversing the flow and reducing its balance sheet. Continued high inflation and the Fed’s new tone led many analysts to anticipate that the Fed will continue to raise interest rates multiple times throughout the year.
Looking ahead, however, the horrific war in Ukraine has significantly clouded the outlook for the global economy, leading to major volatility in energy and metal markets. Sanctions on Russia, Europe’s top energy supplier, and general wartime disruption are likely to drive already-high commodity prices even higher. We believe sharp increases in energy prices will exacerbate inflationary pressure while also constraining economic growth. Combating inflation without stifling a recovery, while buffering against ongoing supply and price shocks amid the ebb and flow of the pandemic, will be an especially challenging environment for setting effective monetary policy. Despite the likelihood of more rate increases on the horizon, we believe the Fed will err on the side of protecting employment, even at the expense of higher inflation.
In this environment, we favor an overweight to equities, as valuations have become more attractive and inflation-adjusted interest rates remain low. Sectors that are better poised to manage the transition to a lower-carbon world, such as technology and healthcare, are particularly attractive in the long term. We favor U.S. equities due to strong earnings momentum, while Japanese equities should benefit from supportive monetary and fiscal policy. We are underweight credit overall, but inflation-protected U.S. Treasuries, Asian fixed income, and emerging market local-currency bonds offer potential opportunities for additional yield. We believe that international diversification and a focus on sustainability and quality can help provide portfolio resilience.
Overall, our view is that investors need to think globally, extend their scope across a broad array of asset classes, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.
Sincerely,
Rob Kapito
President, BlackRock, Inc.
Rob Kapito
President, BlackRock, Inc.
| Total Returns as of April 30, 2022 | ||||||||
| 6-Month | 12-Month | |||||||
|
U.S.
large cap equities |
(9.65) | % | 0.21% | |||||
|
U.S.
small cap equities |
(18.38) | (16.87) | ||||||
|
International
equities |
(11.80) | (8.15) | ||||||
|
Emerging
market equities |
(14.15) | (18.33) | ||||||
|
3-month
Treasury bills |
0.07 | 0.08 | ||||||
|
U.S.
Treasury securities |
(10.29) | (8.86) | ||||||
|
U.S.
investment grade bonds |
(9.47) | (8.51) | ||||||
|
Tax-exempt municipal bonds |
(7.90) | (7.88) | ||||||
|
U.S.
high yield bonds |
(7.40) | (5.22) | ||||||
| Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. |
| |||||||
| 2 |
T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T |
| Page | ||
| 2 | ||
| 4 | ||
| 11 | ||
| 11 | ||
| 12 | ||
|
Financial Statements |
||
| 98 | ||
| 100 | ||
| 102 | ||
| 106 | ||
| 113 | ||
| 118 | ||
| 119 | ||
| 120 | ||
| 121 |
| Fund Summary as of April 30, 2022 | iShares® iBonds® Dec 2022 Term Muni Bond ETF |
Investment Objective
The iShares iBonds Dec 2022 Term Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2021 and before December 2, 2022, as represented by the S&P AMT-Free Municipal Series Dec 2022 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.
Performance
| Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
| 6 Months | 1 Year | 5 Years |
Since Inception |
1 Year | 5 Years |
Since Inception |
||||||||||||||||||||||||||
|
Fund NAV |
(0.32 | )% | (0.38 | )% | 1.43 | % | 1.94 | % | (0.38 | )% | 7.36 | % | 13.65 | % | ||||||||||||||||||
|
Fund Market |
(0.30 | ) | (0.36 | ) | 1.42 | 1.95 | (0.36 | ) | 7.30 | 13.72 | ||||||||||||||||||||||
|
Index |
(0.17 | ) | (0.09 | ) | 1.65 | 2.05 | (0.09 | ) | 8.54 | 14.45 | ||||||||||||||||||||||
The inception date of the Fund was 9/1/15. The first day of secondary market trading was 9/3/15.
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 11 for more information.
Expense Example
|
Actual |
Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
Beginning Account Value (11/01/21) |
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/21) |
|
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
|
$ 1,000.00 |
$ 996.80 | $ 0.89 | $ 1,000.00 | $ 1,023.90 | $ 0.90 | 0.18 | % | |||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
| S&P Credit Rating* |
Percent of Net Assets | |
|
AAA |
31.5% | |
|
AA+ |
18.9 | |
|
AA |
15.3 | |
|
AA- |
10.9 | |
|
A+ |
7.1 | |
|
A |
1.5 | |
|
A- |
0.8 | |
|
BBB+ |
1.5 | |
|
BBB |
0.8 | |
|
Not Rated |
10.5 | |
|
Short-Term and Other Assets |
1.2 | |
TEN LARGEST STATES
| State(a) |
Percent of Net Assets | |
|
California |
13.9% | |
|
Texas |
8.7 | |
|
New York |
7.9 | |
|
Ohio |
6.7 | |
|
Washington |
5.3 | |
|
Massachusetts |
4.7 | |
|
Florida |
4.5 | |
|
Maryland |
3.5 | |
|
Virginia |
3.3 | |
|
Wisconsin |
3.1 | |
| * |
Credit quality ratings shown reflect the ratings assigned by S&P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
| 4 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
| Fund Summary as of April 30, 2022 | iShares® iBonds® Dec 2023 Term Muni Bond ETF |
Investment Objective
The iShares iBonds Dec 2023 Term Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2022 and before December 2, 2023, as represented by the S&P AMT-Free Municipal Series Dec 2023 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.
Performance
| Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
| 6 Months | 1 Year | 5 Years |
Since Inception |
1 Year | 5 Years |
Since Inception |
||||||||||||||||||||||||||
|
Fund NAV |
(1.98 | )% | (2.09 | )% | 1.56 | % | 1.68 | % | (2.09 | )% | 8.07 | % | 8.81 | % | ||||||||||||||||||
|
Fund Market |
(1.86 | ) | (1.93 | ) | 1.60 | 1.71 | (1.93 | ) | 8.24 | 8.93 | ||||||||||||||||||||||
|
Index |
(1.84 | ) | (1.81 | ) | 1.75 | 1.81 | (1.81 | ) | 9.04 | 9.47 | ||||||||||||||||||||||
The inception date of the Fund was 4/11/17. The first day of secondary market trading was 4/13/17.
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 11 for more information.
Expense Example
|
Actual |
Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
Beginning Account Value (11/01/21) |
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/21) |
|
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
|
$ 1,000.00 |
$ 980.20 | $ 0.88 | $ 1,000.00 | $ 1,023.90 | $ 0.90 | 0.18 | % | |||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
| S&P Credit Rating* |
Percent of Net Assets | |
|
AAA |
31.3% | |
|
AA+ |
21.5 | |
|
AA |
16.3 | |
|
AA- |
9.9 | |
|
A+ |
5.8 | |
|
A |
1.5 | |
|
A- |
1.0 | |
|
BBB+ |
1.7 | |
|
BBB |
1.4 | |
|
Not Rated |
7.9 | |
|
Short-Term and Other Assets |
1.7 | |
TEN LARGEST STATES
| State(a) |
Percent of Net Assets | |
|
California |
11.4% | |
|
Texas |
10.7 | |
|
New York |
9.3 | |
|
Washington |
5.5 | |
|
Virginia |
4.5 | |
|
Maryland |
4.0 | |
|
Florida |
3.9 | |
|
Wisconsin |
3.7 | |
|
Ohio |
3.4 | |
|
Nevada |
2.9 | |
| * |
Credit quality ratings shown reflect the ratings assigned by S&P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
|
F U N D S U M M A R Y |
5 |
| Fund Summary as of April 30, 2022 | iShares® iBonds® Dec 2024 Term Muni Bond ETF |
Investment Objective
The iShares iBonds Dec 2024 Term Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2023 and before December 2, 2024, as represented by the S&P AMT-Free Municipal Series Dec 2024 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.
Performance
| Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||
| 6 Months | 1 Year |
Since Inception |
1 Year |
Since Inception |
||||||||||||||||||||
|
Fund NAV |
(3.90 | )% | (4.06 | )% | 2.07 | % | (4.06 | )% | 8.80 | % | ||||||||||||||
|
Fund Market |
(3.85 | ) | (3.95 | ) | 2.09 | (3.95 | ) | 8.89 | ||||||||||||||||
|
Index |
(3.85 | ) | (3.84 | ) | 2.16 | (3.84 | ) | 9.20 | ||||||||||||||||
The inception date of the Fund was 3/20/18. The first day of secondary market trading was 3/22/18.
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 11 for more information.
Expense Example
|
Actual |
Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
Beginning Account Value (11/01/21) |
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/21) |
|
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
|
$ 1,000.00 |
$ 961.00 | $ 0.88 | $ 1,000.00 | $ 1,023.90 | $ 0.90 | 0.18 | % | |||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
| S&P Credit Rating* |
Percent of Net Assets | |
|
AAA |
30.9% | |
|
AA+ |
21.1 | |
|
AA |
14.9 | |
|
AA- |
10.4 | |
|
A+ |
6.1 | |
|
A |
2.5 | |
|
A- |
0.6 | |
|
BBB+ |
2.1 | |
|
BBB |
0.8 | |
|
Not Rated |
8.9 | |
|
Short-Term and Other Assets |
1.7 | |
TEN LARGEST STATES
| State(a) |
Percent of Net Assets | |
|
California |
11.9% | |
|
Texas |
11.0 | |
|
New York |
9.1 | |
|
Washington |
5.7 | |
|
Virginia |
4.5 | |
|
Maryland |
4.3 | |
|
Florida |
3.7 | |
|
Ohio |
3.4 | |
|
Massachusetts |
3.0 | |
|
Arizona |
2.8 | |
| * |
Credit quality ratings shown reflect the ratings assigned by S&P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
| 6 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
| Fund Summary as of April 30, 2022 | iShares® iBonds® Dec 2025 Term Muni Bond ETF |
Investment Objective
The iShares iBonds Dec 2025 Term Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds maturing after December 31, 2024 and before December 2, 2025, as represented by the S&P AMT-Free Municipal Series Dec 2025 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.
Performance
| Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||
| 6 Months | 1 Year |
Since Inception |
1 Year | Since Inception |
||||||||||||||||||||
|
Fund NAV |
(5.42 | )% | (5.64 | )% | 2.58 | % | (5.64 | )% | 9.22 | % | ||||||||||||||
|
Fund Market |
(5.41 | ) | (5.53 | ) | 2.60 | (5.53 | ) | 9.31 | ||||||||||||||||
|
Index |
(5.35 | ) | (5.37 | ) | 2.43 | (5.37 | ) | 8.66 | ||||||||||||||||
The inception date of the Fund was 11/13/18. The first day of secondary market trading was 11/15/18.
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 11 for more information.
Expense Example
|
Actual |
Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
Beginning Account Value (11/01/21) |
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/21) |
|
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
|
$ 1,000.00 |
$ 945.80 | $ 0.87 | $ 1,000.00 | $ 1,023.90 | $ 0.90 | 0.18 | % | |||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
| S&P Credit Rating* |
Percent of Net Assets | |
|
AAA |
30.8% | |
|
AA+ |
21.6 | |
|
AA |
15.5 | |
|
AA- |
11.6 | |
|
A+ |
5.9 | |
|
A |
1.9 | |
|
A- |
1.1 | |
|
BBB+ |
1.5 | |
|
BBB |
1.2 | |
|
Not Rated |
7.3 | |
|
Short-Term and Other Assets |
1.6 | |
TEN LARGEST STATES
| State(a) |
Percent of Net Assets | |
|
California |
14.5% | |
|
Texas |
10.2 | |
|
New York |
8.4 | |
|
Washington |
5.2 | |
|
Virginia |
4.0 | |
|
Maryland |
4.0 | |
|
Florida |
3.9 | |
|
Massachusetts |
3.6 | |
|
Illinois |
3.4 | |
|
Ohio |
3.2 | |
| * |
Credit quality ratings shown reflect the ratings assigned by S&P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
|
F U N D S U M M A R Y |
7 |
| Fund Summary as of April 30, 2022 | iShares® iBonds® Dec 2026 Term Muni Bond ETF |
Investment Objective
The iShares iBonds Dec 2026 Term Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2026, as represented by the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2026 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.
Performance
| Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||
| 6 Months | 1 Year |
Since Inception |
1 Year |
Since Inception |
||||||||||||||||||||
|
Fund NAV |
(6.31 | )% | (6.56 | )% | 0.95 | % | (6.56 | )% | 2.94 | % | ||||||||||||||
|
Fund Market |
(6.36 | ) | (6.58 | ) | 0.98 | (6.58 | ) | 3.03 | ||||||||||||||||
|
Index |
(6.27 | ) | (6.32 | ) | 1.06 | (6.32 | ) | 3.30 | ||||||||||||||||
The inception date of the Fund was 4/2/19. The first day of secondary market trading was 4/4/19.
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 11 for more information.
Expense Example
|
Actual |
Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
Beginning Account Value (11/01/21) |
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/21) |
|
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
|
$ 1,000.00 |
$ 936.90 | $ 0.86 | $ 1,000.00 | $ 1,023.90 | $ 0.90 | 0.18 | % | |||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
| S&P Credit Rating* |
Percent of Net Assets | |
|
AAA |
29.3% | |
|
AA+ |
22.1 | |
|
AA |
14.7 | |
|
AA- |
12.4 | |
|
A+ |
6.3 | |
|
A |
2.8 | |
|
A- |
0.8 | |
|
BBB+ |
2.0 | |
|
BBB |
0.9 | |
|
Not Rated |
7.2 | |
|
Short-Term and Other Assets |
1.5 | |
TEN LARGEST STATES
| State(a) |
Percent of Net Assets | |
|
California |
14.9% | |
|
Texas |
10.5 | |
|
New York |
10.4 | |
|
Washington |
4.5 | |
|
Virginia |
4.2 | |
|
Maryland |
3.9 | |
|
Massachusetts |
3.6 | |
|
Florida |
3.5 | |
|
Ohio |
3.0 | |
|
Tennessee |
2.7 | |
| * |
Credit quality ratings shown reflect the ratings assigned by S&P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
| 8 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
| Fund Summary as of April 30, 2022 | iShares® iBonds® Dec 2027 Term Muni Bond ETF |
Investment Objective
The iShares iBonds Dec 2027 Term Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2027, as represented by the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2027 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.
Performance
| Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||
| 6 Months | 1 Year |
Since Inception |
1 Year |
Since Inception |
||||||||||||||||||||
|
Fund NAV |
(7.14 | )% | (7.40 | )% | 0.89 | % | (7.40 | )% | 2.75 | % | ||||||||||||||
|
Fund Market |
(7.24 | ) | (7.40 | ) | 0.93 | (7.40 | ) | 2.86 | ||||||||||||||||
|
Index |
(7.17 | ) | (7.27 | ) | 1.03 | (7.27 | ) | 3.20 | ||||||||||||||||
The inception date of the Fund was 4/9/19. The first day of secondary market trading was 4/11/19.
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 11 for more information.
Expense Example
|
Actual |
Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
Beginning Account Value (11/01/21) |
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/21) |
|
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
|
$ 1,000.00 |
$ 928.60 | $ 0.86 | $ 1,000.00 | $ 1,023.90 | $ 0.90 | 0.18 | % | |||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
| S&P Credit Rating* |
Percent of Net Assets | |
|
AAA |
25.6% | |
|
AA+ |
21.8 | |
|
AA |
14.6 | |
|
AA- |
16.1 | |
|
A+ |
4.4 | |
|
A |
2.1 | |
|
A- |
1.0 | |
|
BBB+ |
1.2 | |
|
BBB |
1.7 | |
|
Not Rated |
9.4 | |
|
Short-Term and Other Assets |
2.1 | |
TEN LARGEST STATES
| State(a) |
Percent of Net Assets | |
|
California |
13.9% | |
|
New York |
11.4 | |
|
Texas |
8.8 | |
|
Washington |
5.0 | |
|
Maryland |
4.2 | |
|
Illinois |
3.6 | |
|
Virginia |
3.4 | |
|
Florida |
3.3 | |
|
Tennessee |
3.1 | |
|
Ohio |
2.7 | |
| * |
Credit quality ratings shown reflect the ratings assigned by S&P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
|
F U N D S U M M A R Y |
9 |
| Fund Summary as of April 30, 2022 | iShares® iBonds® Dec 2028 Term Muni Bond ETF |
Investment Objective
The iShares iBonds Dec 2028 Term Muni Bond ETF (the “Fund”) seeks to track the investment results of an index composed of investment-grade U.S. municipal bonds expected to mature or be redeemed before December 2, 2028, as represented by the S&P AMT-Free Municipal Series Callable-Adjusted Dec 2028 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.
Performance
| Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||
| 6 Months | 1 Year |
Since Inception |
1 Year |
Since Inception |
||||||||||||||||||||
|
Fund NAV |
(8.02 | )% | (8.39 | )% | 0.89 | % | (8.39 | )% | 2.73 | % | ||||||||||||||
|
Fund Market |
(8.10 | ) | (8.46 | ) | 0.91 | (8.46 | ) | 2.79 | ||||||||||||||||
|
Index |
(8.07 | ) | (8.24 | ) | 0.90 | (8.24 | ) | 2.74 | ||||||||||||||||
The inception date of the Fund was 4/16/19. The first day of secondary market trading was 4/18/19.
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 11 for more information.
Expense Example
|
Actual |
Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
Beginning Account Value (11/01/21) |
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/21) |
|
|
Ending Account Value (04/30/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
|
$ 1,000.00 |
$ 919.80 | $ 0.86 | $ 1,000.00 | $ 1,023.90 | $ 0.90 | 0.18 | % | |||||||||||||||||||||||
| (a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 181/365 (to reflect the one-half year period shown). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” for more information. |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
| S&P Credit Rating* |
Percent of Net Assets | |
|
AAA |
29.9% | |
|
AA+ |
20.6 | |
|
AA |
15.2 | |
|
AA- |
12.7 | |
|
A+ |
4.7 | |
|
A |
2.2 | |
|
A- |
0.8 | |
|
BBB+ |
1.7 | |
|
BBB |
1.5 | |
|
Not Rated |
9.3 | |
|
Short-Term and Other Assets |
1.4 | |
TEN LARGEST STATES
| State(a) |
Percent of Net Assets | |
|
California |
12.7% | |
|
Texas |
11.8 | |
|
New York |
11.1 | |
|
Maryland |
5.2 | |
|
Washington |
5.2 | |
|
Florida |
4.4 | |
|
Virginia |
4.0 | |
|
Ohio |
3.2 | |
|
Nevada |
2.5 | |
|
Illinois |
2.5 | |
| * |
Credit quality ratings shown reflect the ratings assigned by S&P Global Ratings, a widely used independent, nationally recognized statistical rating organization. S&P credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of BBB or higher. Below investment grade ratings are credit ratings of BB or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
| 10 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
Past performance is not an indication of future results. Financial markets have experienced extreme volatility and trading in many instruments has been disrupted. These circumstances may continue for an extended period of time and may continue to affect adversely the value and liquidity of each Fund’s investments. As a result, current performance may be lower or higher than the performance data quoted. Performance data current to the most recent month-end is available at 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 advisory fees. Without such a 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. Beginning August 10, 2020, the price used to calculate market return (“Market Price”) is the closing price. Prior to August 10, 2020, Market Price was determined using the midpoint between the highest bid and the lowest ask 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 trade in the secondary market until after the fund’s inception, for the period from inception to the first day of secondary market trading in shares of the fund, 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.
Shareholders of each Fund may incur the following charges: (1) transactional expenses, including brokerage commissions on purchases and sales of fund shares and (2) ongoing expenses, including management fees and other fund expenses. The expense examples shown (which are based on a hypothetical investment of $1,000 invested at the beginning of the period and held through the end of the period) are intended to assist shareholders both in calculating expenses based on an investment in each Fund and in comparing these expenses with similar costs of investing in other funds.
The expense examples provide information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. In order to estimate the expenses a shareholder paid during the period covered by this report, shareholders can divide their account value by $1,000 and then multiply the result by the number under the heading entitled “Expenses Paid During Period.”
The expense examples also provide information about hypothetical account values and hypothetical expenses based on a Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. In order to assist shareholders in comparing the ongoing expenses of investing in a Funds and other funds, compare the 5% hypothetical examples with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
The expenses shown in the expense examples are intended to highlight shareholders’ ongoing costs only and do not reflect any transactional expenses, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing expenses only and will not help shareholders determine the relative total expenses of owning different funds. If these transactional expenses were included, shareholder expenses would have been higher.
|
A B O U T F U N D P E R F O R M A N C E / S H A R E H O L D E R E X P E N S E S |
11 |
|
Schedule of Investments (unaudited) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Municipal Debt Obligations |
||||||||
|
Alabama — 1.0% |
||||||||
|
Alabama Federal Aid Highway Finance Authority RB |
||||||||
|
4.00%, 09/01/22 |
$ | 375 | $ | 378,062 | ||||
|
5.00%, 09/01/22 |
100 | 101,142 | ||||||
|
5.00%, 09/01/23 (PR 09/01/22) |
150 | 151,713 | ||||||
|
Series A, 5.00%, 09/01/22 |
250 | 252,855 | ||||||
|
Alabama Public School & College Authority RB, Series B, 5.00%, 05/01/22 |
410 | 410,000 | ||||||
|
Alabama Public School and College Authority RB, Series A, 5.00%, 11/01/22 |
1,610 | 1,636,838 | ||||||
|
City of Huntsville AL GOL, Series C, 5.00%, 11/01/22 |
170 | 172,910 | ||||||
|
City of Huntsville AL Water Revenue RB, 5.00%, 11/01/22 |
180 | 183,081 | ||||||
|
State of Alabama GO, Series A, 5.00%, 08/01/22 |
790 | 797,010 | ||||||
|
|
|
|||||||
| 4,083,611 | ||||||||
| Alaska — 0.1% | ||||||||
|
Municipality of Anchorage AK GO, Series B, 5.00%, 09/01/22 |
255 | 257,980 | ||||||
|
|
|
|||||||
| Arizona — 3.0% | ||||||||
|
Arizona Board of Regents COP |
||||||||
|
Series A, 5.00%, 06/01/22 |
140 | 140,413 | ||||||
|
Series B, 5.00%, 06/01/22 |
75 | 75,221 | ||||||
|
Series C, 5.00%, 06/01/22 |
140 | 140,396 | ||||||
|
Arizona Department of Transportation State Highway Fund Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
745 | 749,429 | ||||||
|
Series A, 5.00%, 07/01/27 (PR 07/01/22) |
415 | 417,474 | ||||||
|
Series A, 5.00%, 07/01/34 (PR 07/01/22) |
1,100 | 1,106,575 | ||||||
|
Arizona State University RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
325 | 326,980 | ||||||
|
Series B, 5.00%, 07/01/22 |
100 | 100,609 | ||||||
|
Arizona Transportation Board RB, 5.00%, 07/01/22 |
540 | 543,209 | ||||||
|
Arizona Water Infrastructure Finance Authority RB |
||||||||
|
Series A, 5.00%, 10/01/22 |
435 | 441,371 | ||||||
|
Series A, 5.00%, 10/01/22 (ETM) |
125 | 126,727 | ||||||
|
City of Chandler AZ GOL, 4.00%, 07/01/22 |
120 | 120,537 | ||||||
|
City of Chandler AZ RB, 5.00%, 07/01/22 |
140 | 140,851 | ||||||
|
City of Mesa AZ RB, 5.00%, 07/01/22 |
250 | 251,503 | ||||||
|
City of Phoenix AZ GO, 4.00%, 07/01/22 |
200 | 200,895 | ||||||
|
City of Phoenix AZ GOL, Series C, 4.00%, 07/01/22 |
525 | 527,349 | ||||||
|
City of Phoenix Civic Improvement Corp. RB |
||||||||
|
5.00%, 07/01/22 |
1,065 | 1,071,419 | ||||||
|
5.50%, 07/01/22 (NPFGC) |
200 | 201,379 | ||||||
|
Series A, 5.00%, 07/01/22 |
265 | 266,615 | ||||||
|
Series B, 5.00%, 07/01/22 |
760 | 764,630 | ||||||
|
City of Scottsdale AZ GO, Series B, 5.00%, 07/01/22 |
215 | 216,313 | ||||||
|
City of Tempe AZ GOL |
||||||||
|
Series B, 4.50%, 07/01/22 |
55 | 55,292 | ||||||
|
Series C, 4.00%, 07/01/22 |
105 | 105,473 | ||||||
|
City of Tucson AZ Water System Revenue RB |
||||||||
|
5.00%, 07/01/22 |
140 | 140,855 | ||||||
|
Series A, 5.00%, 07/01/22 |
45 | 45,275 | ||||||
|
County of Pima AZ GOL, 4.00%, 07/01/22 |
145 | 145,649 | ||||||
|
County of Pima AZ RB, 5.00%, 07/01/22 |
300 | 301,823 | ||||||
|
Gilbert Water Resource Municipal Property Corp. RB, 5.00%, 07/01/22 |
155 | 155,949 | ||||||
|
Maricopa County Community College District GO, 5.00%, 07/01/22 |
445 | 447,719 | ||||||
|
Maricopa County High School District No. 210-Phoenix GO, Series E, 5.00%, 07/01/22 |
50 | 50,304 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Arizona (continued) |
||||||||
|
Maricopa
County High School District No. |
$ | 540 | $ | 543,281 | ||||
|
Pima County Regional Transportation Authority RB, 5.00%, 06/01/22 |
100 | 100,302 | ||||||
|
Salt River Project Agricultural Improvement & Power District RB, Series A, 5.00%, 12/01/22 |
200 | 203,625 | ||||||
|
Scottsdale Municipal Property Corp. RB, 5.00%, 07/01/22 |
330 | 332,022 | ||||||
|
State of Arizona COP, 5.00%, 09/01/22 |
665 | 672,660 | ||||||
|
University of Arizona (The) RB |
||||||||
|
5.00%, 06/01/22 |
255 | 255,768 | ||||||
|
Series A, 5.00%, 06/01/22 |
100 | 100,302 | ||||||
|
|
|
|||||||
| 11,586,194 | ||||||||
| Arkansas — 0.3% | ||||||||
|
State of Arkansas GO |
||||||||
|
3.00%, 10/01/22 |
275 | 276,748 | ||||||
|
5.00%, 10/01/22 |
640 | 649,293 | ||||||
|
University of Arkansas RB, Series A, 5.00%, 11/01/22 |
135 | 137,284 | ||||||
|
|
|
|||||||
| 1,063,325 | ||||||||
| California — 13.9% | ||||||||
|
Acalanes Union High School District GO, 5.00%, 08/01/22 |
210 | 211,916 | ||||||
|
Alameda Corridor Transportation Authority RB, Series A, 5.00%, 10/01/22 |
185 | 187,555 | ||||||
|
Alameda Unified School District-Alameda County/CA GO, Series A, 0.00%, 08/01/22 (AGM)(a) |
260 | 259,094 | ||||||
|
Bay Area Toll Authority RB, VRDN,0.35%, 04/01/47 (Put 05/06/22)(b) |
1,800 | 1,800,000 | ||||||
|
Benicia Unified School District GO, Series A, 0.00%, 08/01/22 (NPFGC)(a) |
25 | 24,905 | ||||||
|
Berkeley Unified School District/CA GO, 5.00%, 08/01/22 |
375 | 378,356 | ||||||
|
Beverly Hills Unified School District CA GO, 0.00%, 08/01/22(a) |
60 | 59,792 | ||||||
|
Burbank Unified School District GO, Series C, 0.00%, 08/01/22 (NPFGC)(a) |
90 | 89,627 | ||||||
|
California Educational Facilities Authority RB, VRDN,0.40%, 10/01/36 (Put 05/06/22)(b) |
1,500 | 1,500,000 | ||||||
|
California Health Facilities Financing Authority RB |
||||||||
|
Series A, 5.00%, 10/01/22 |
165 | 167,348 | ||||||
|
Series C,
VRDN,5.00%, 08/01/31 |
355 | 360,617 | ||||||
|
California Infrastructure & Economic Development Bank RB |
||||||||
|
5.00%, 07/01/22 |
100 | 100,598 | ||||||
|
Series A, 5.00%, 10/01/22 |
320 | 324,633 | ||||||
|
California State Public Works Board RB |
||||||||
|
Series A, 5.00%, 06/01/22 |
300 | 300,902 | ||||||
|
Series B, 5.00%, 10/01/22 |
430 | 436,244 | ||||||
|
Series C, 5.00%, 11/01/22 |
135 | 137,304 | ||||||
|
Series D, 5.00%, 09/01/22 |
560 | 566,618 | ||||||
|
Series D, 5.00%, 09/01/37 (PR 09/01/22) |
200 | 202,357 | ||||||
|
Series F, 5.00%, 05/01/22 |
260 | 260,000 | ||||||
|
Series G, 5.00%, 05/01/22 |
125 | 125,000 | ||||||
|
Series G, 5.00%, 11/01/22 |
95 | 96,617 | ||||||
|
Series H, 5.00%, 12/01/22 |
860 | 876,740 | ||||||
|
California State University RB |
||||||||
|
Series A, 3.00%, 11/01/22 |
200 | 201,560 | ||||||
|
Series A, 5.00%, 11/01/22 |
1,060 | 1,078,675 | ||||||
|
Series C, 5.00%, 11/01/22 (AGM) |
30 | 30,529 | ||||||
|
California Statewide Communities Development Authority RB |
||||||||
|
5.00%, 05/15/22 |
50 | 50,046 | ||||||
|
Series A, 5.00%, 05/15/22 |
100 | 100,091 | ||||||
| 12 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Carlsbad Unified School District GO, 0.00%, 05/01/22 (NPFGC)(a) |
$ | 100 | $ | 100,000 | ||||
|
Chabot-Las Positas Community College District GO, 5.00%, 08/01/22 |
225 | 227,030 | ||||||
|
City & County of San Francisco CA COP, Series R-1, 5.00%, 09/01/22 |
75 | 75,911 | ||||||
|
City &
County of San Francisco CA GO, |
165 | 165,745 | ||||||
|
City of Foster City CA GO, 4.00%, 08/01/22 |
150 | 151,004 | ||||||
|
City of Los Angeles CA GO, 5.00%, 09/01/22 |
1,135 | 1,148,489 | ||||||
|
City of Los Angeles CA Wastewater System Revenue RB |
||||||||
|
Series B, 4.00%, 06/01/22 |
435 | 435,978 | ||||||
|
Series C, 5.00%, 06/01/22 |
60 | 60,181 | ||||||
|
City of Los Angeles Department of Airports RB |
||||||||
|
Series B, 5.00%, 05/15/22 |
50 | 50,062 | ||||||
|
Series C, 5.00%, 05/15/22 |
80 | 80,100 | ||||||
|
City of Riverside CA Sewer Revenue RB, Series A, 5.00%, 08/01/22 |
220 | 221,996 | ||||||
|
City of Sacramento CA Water Revenue RB, 5.00%, 09/01/22 |
80 | 80,983 | ||||||
|
City of San Francisco CA Public Utilities Commission Water Revenue RB |
||||||||
|
4.00%, 11/01/22 |
50 | 50,625 | ||||||
|
5.00%, 11/01/22 |
295 | 300,138 | ||||||
|
City of Santa Clara CA Electric Revenue RB, Series A, 5.00%, 07/01/22 |
135 | 135,803 | ||||||
|
Contra Costa Water District RB |
||||||||
|
5.00%, 10/01/22 |
125 | 126,820 | ||||||
|
Series T, 4.00%, 10/01/22 |
400 | 404,192 | ||||||
|
Corona-Norco Unified School District GO, Series C, 0.00%, 08/01/22 (AGM)(a) |
100 | 99,610 | ||||||
|
County of Los Angeles CA COP, 5.00%, 09/01/22 |
130 | 131,489 | ||||||
|
County of Santa Clara CA GO, Series B, 5.00%, 08/01/22 |
40 | 40,364 | ||||||
|
Desert Community College District GO, 4.00%, 08/01/22 |
100 | 100,674 | ||||||
|
Dublin Unified School District GO, 5.00%, 08/01/22 |
200 | 201,815 | ||||||
|
East Bay Municipal Utility District Water System Revenue RB, Series B, 5.00%, 06/01/22 |
100 | 100,300 | ||||||
|
East Bay Regional Park District GO, Serise A, 4.00%, 09/01/22 |
100 | 100,863 | ||||||
|
East Side Union High School District GO, 5.00%, 08/01/22 |
140 | 141,277 | ||||||
|
El Camino Community College District Foundation (The) GO, 5.00%, 08/01/22 |
150 | 151,368 | ||||||
|
Encinitas Union School District/CA GO, 0.00%, 08/01/22(a) |
60 | 59,784 | ||||||
|
Evergreen School District GO, 5.00%, 09/01/22 |
100 | 101,195 | ||||||
|
Foothill-De Anza Community College District GO, 5.00%, 08/01/22 |
70 | 70,632 | ||||||
|
Fullerton School District GO, Series A, 0.00%, 08/01/22 (NPFGC)(a) |
80 | 79,692 | ||||||
|
Healdsburg Unified School District GO, Series A, 0.00%, 08/01/22(a) |
80 | 79,702 | ||||||
|
Las Virgenes Unified School District GO |
||||||||
|
0.00%, 11/01/22 (AGM)(a) |
55 | 54,493 | ||||||
|
Series D, 0.00%, 09/01/22 (NPFGC)(a) |
100 | 99,441 | ||||||
|
Los Altos Elementary School District GO, 4.00%, 08/01/22 |
25 | 25,167 | ||||||
|
Los Angeles Community College District/CA GO |
||||||||
|
Series A, 5.00%, 08/01/22 |
130 | 131,212 | ||||||
|
Series G, 4.00%, 08/01/22 |
100 | 100,689 | ||||||
|
Series G, 5.00%, 08/01/22 |
125 | 126,165 | ||||||
|
Los Angeles County Metropolitan Transportation Authority RB |
||||||||
|
Series A, 5.00%, 06/01/22 |
50 | 50,153 | ||||||
|
Series A, 5.00%, 07/01/22 |
825 | 830,094 | ||||||
| Security |
Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Series B, 5.00%, 07/01/22 |
$ | 1,220 | $ | 1,227,533 | ||||
|
Serise A, 5.00%, 07/01/22 |
125 | 125,772 | ||||||
|
Los Angeles County Public Works Financing Authority RB, Series D, 5.00%, 12/01/22 |
50 | 50,976 | ||||||
|
Los Angeles County Redevelopment Refunding Authority TA, Series C, 5.00%, 12/01/22 |
25 | 25,446 | ||||||
|
Los Angeles Department of Water & Power Power System Revenue RB, Series A, 5.00%, 07/01/22 |
320 | 321,955 | ||||||
|
Los Angeles Department of Water & Power System Revenue RB |
||||||||
|
Series A, 4.00%, 07/01/22 |
90 | 90,406 | ||||||
|
Series A, 5.00%, 07/01/22 |
330 | 332,016 | ||||||
|
Series B, 5.00%, 07/01/22 |
220 | 221,344 | ||||||
|
Series C, 4.00%, 07/01/22 |
45 | 45,203 | ||||||
|
Los Angeles Unified School District/CA GO |
||||||||
|
5.00%, 07/01/22 |
460 | 462,818 | ||||||
|
Series A, 5.00%, 07/01/22 |
975 | 980,973 | ||||||
|
Series B, 5.00%, 07/01/22 |
455 | 457,787 | ||||||
|
Series B-1, 5.00%, 07/01/22 |
285 | 286,746 | ||||||
|
Series C, 5.00%, 07/01/22 |
205 | 206,256 | ||||||
|
Serise A, 5.00%, 07/01/22 |
80 | 80,490 | ||||||
|
Manhattan Beach Unified School District GO, Series B, 0.00%, 09/01/22 (NPFGC)(a) |
25 | 24,884 | ||||||
|
Metropolitan Water District of Southern California RB, Series A, 5.00%, 07/01/22 |
350 | 352,109 | ||||||
|
Milpitas Redevelopment Agency Successor Agency TA, 5.00%, 09/01/22 |
155 | 156,662 | ||||||
|
Modesto Irrigation District RB, 5.00%, 10/01/22 |
800 | 811,649 | ||||||
|
Monterey Peninsula Community College District GO, 0.00%, 08/01/22(a) |
110 | 109,614 | ||||||
|
Morgan Hill Redevelopment Agency Successor Agency TA, Series A, 5.00%, 09/01/22 |
50 | 50,581 | ||||||
|
Mount Diablo Unified School District/CA GO, Series A, 0.00%, 08/01/22 (AGM)(a) |
160 | 159,392 | ||||||
|
Municipal Improvement Corp. of Los Angeles RB, Series B, 5.00%, 11/01/22 |
185 | 188,195 | ||||||
|
New Haven Unified School District GO, 0.00%, 08/01/22 (AGM)(a) |
50 | 49,800 | ||||||
|
Orange County Water District RB, Series C, 5.00%, 08/15/22 |
100 | 101,046 | ||||||
|
Oxnard Financing Authority RB, 5.00%, 06/01/22 |
20 | 20,059 | ||||||
|
Poway Redevelopment Agency Successor Agency TA, Series A, 5.00%, 06/15/22 |
25 | 25,110 | ||||||
|
Poway Unified School District GO, 5.00%, 08/01/22 |
15 | 15,136 | ||||||
|
Redwood City Elementary School District/CA GO, 0.00%, 08/01/22 (NPFGC)(a) |
40 | 39,822 | ||||||
|
Sacramento County Sanitation Districts Financing Authority RB |
||||||||
|
Series A, 5.00%, 12/01/22 |
325 | 331,554 | ||||||
|
Series A, 5.25%, 12/01/22 (NPFGC) |
145 | 148,132 | ||||||
|
Sacramento Municipal Utility District RB |
||||||||
|
5.00%, 07/01/22 |
60 | 60,369 | ||||||
|
5.00%, 08/15/22 |
160 | 161,664 | ||||||
|
Series D, 5.00%, 08/15/22 |
50 | 50,520 | ||||||
|
Series F, 5.00%, 08/15/22 |
250 | 252,600 | ||||||
|
San Diego County Regional Transportation Commission RB |
||||||||
|
VRDN,0.38%, 04/01/38 (Put 05/06/22)(b) |
5,100 | 5,099,999 | ||||||
|
Series A, 5.00%, 10/01/22 |
1,500 | 1,521,218 | ||||||
|
San Diego County Water Authority Financing Corp. RB, 5.00%, 05/01/22 |
340 | 340,000 | ||||||
|
San Diego Regional Building Authority RB, Series A, 5.00%, 10/15/22 |
260 | 264,134 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
13 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
San Diego Unified School District/CA GO 3.00%, 07/01/22 |
$ | 100 | $ | 100,276 | ||||
|
Series A, 0.00%, 07/01/22 (NPFGC)(a) |
480 | 479,027 | ||||||
|
Series D-1, 5.50%, 07/01/22 (NPFGC) |
200 | 201,352 | ||||||
|
Series D-2, 5.00%, 07/01/22 |
435 | 437,593 | ||||||
|
Series H-2, 5.00%, 07/01/22 |
175 | 176,043 | ||||||
|
San Francisco Bay Area Rapid Transit District Sales Tax Revenue RB, Series A, 5.00%, 07/01/22 |
75 | 75,461 | ||||||
|
San Francisco City & County Airport Commission San Francisco International Airport RB |
||||||||
|
VRDN,0.38%, 05/01/58 (Put 05/06/22)(b) |
2,700 | 2,700,000 | ||||||
|
Series A, 5.00%, 05/01/22 |
125 | 125,000 | ||||||
|
Series D, 5.00%, 05/01/22 |
250 | 250,000 | ||||||
|
San Joaquin Delta Community College District GO, Series A, 5.00%, 08/01/22 |
115 | 116,043 | ||||||
|
San Jose Evergreen Community College District GO |
||||||||
|
5.00%, 09/01/22 |
200 | 202,384 | ||||||
|
Serise B, 4.00%, 09/01/22 |
100 | 100,866 | ||||||
|
San Jose Financing Authority RB, Series A, 5.00%, 06/01/22 |
50 | 50,150 | ||||||
|
San Juan Unified School District GO, 0.00%, 08/01/22 (AGM)(a) |
125 | 124,589 | ||||||
|
San Mateo County Community College District GO |
||||||||
|
4.00%, 09/01/22 |
30 | 30,261 | ||||||
|
Series A, 0.00%, 09/01/22 (NPFGC)(a) |
175 | 174,191 | ||||||
|
San Rafael City High School District/CA GO, Series B, 0.00%, 08/01/22 (NPFGC)(a) |
100 | 99,620 | ||||||
|
San Rafael Redevelopment Agency TA, 0.00%, 12/01/22 (AMBAC)(a) |
75 | 74,181 | ||||||
|
San Ramon Valley Unified School District/CA GO |
||||||||
|
4.00%, 08/01/22 |
110 | 110,742 | ||||||
|
5.00%, 08/01/22 |
110 | 111,009 | ||||||
|
Santa Ana Unified School District GO, Series B, 0.00%, 08/01/22 (NPFGC)(a) |
40 | 39,834 | ||||||
|
Santa Clara County Financing Authority RB, Series A, 5.00%, 11/15/22 |
515 | 524,479 | ||||||
|
Santa Clara Valley Water District COP, Series C, 5.00%, 06/01/22 |
125 | 125,374 | ||||||
|
Santa Monica Community College District GO |
||||||||
|
Series A, 5.00%, 08/01/22 |
100 | 100,915 | ||||||
|
Series E, 0.00%, 08/01/22(a) |
50 | 49,809 | ||||||
|
Santa Monica-Malibu Unified School District, Series E, 4.00%, 08/01/22 |
275 | 276,875 | ||||||
|
Santa Monica-Malibu Unified School District GO, 0.00%, 08/01/22 (NPFGC)(a) |
55 | 54,803 | ||||||
|
Saratoga Union School District GO, Series A, 0.00%, 09/01/22 (NPFGC)(a) |
170 | 169,104 | ||||||
|
Sierra Joint Community College District School Facilities District No. 2 GO, Series B, 0.00%, 08/01/22 (NPFGC)(a) |
50 | 49,815 | ||||||
|
Sonoma County Junior College District GO, 5.00%, 08/01/22 |
115 | 116,041 | ||||||
|
Southern California Public Power Authority RB, Series A, 5.00%, 07/01/22 |
115 | 115,689 | ||||||
|
State of California Department of Water Resources Power Supply Revenue RB |
||||||||
|
Series O, 4.00%, 05/01/22 |
135 | 135,000 | ||||||
|
Series O, 5.00%, 05/01/22 |
525 | 525,000 | ||||||
|
State of California Department of Water Resources RB |
||||||||
|
Series AM, 5.00%, 12/01/22 |
430 | 438,471 | ||||||
|
Series AR, 5.00%, 12/01/22 |
65 | 66,280 | ||||||
|
Series AS, 5.00%, 12/01/22 |
75 | 76,477 | ||||||
|
Series AW, 5.00%, 12/01/22 |
505 | 514,948 | ||||||
| Security |
Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Series AX, 5.00%, 12/01/22 |
$ | 100 | $ | 101,970 | ||||
|
Series BB, 5.00%, 12/01/22 |
215 | 219,235 | ||||||
|
State of California GO |
||||||||
|
3.00%, 10/01/22 |
140 | 140,919 | ||||||
|
4.00%, 09/01/22 |
345 | 348,138 | ||||||
|
4.00%, 10/01/22 |
125 | 126,331 | ||||||
|
4.00%, 12/01/22 |
645 | 654,055 | ||||||
|
5.00%, 05/01/22 |
435 | 435,000 | ||||||
|
5.00%, 08/01/22 |
300 | 302,827 | ||||||
|
5.00%, 09/01/22 |
2,950 | 2,986,445 | ||||||
|
5.00%, 10/01/22 |
1,035 | 1,050,249 | ||||||
|
5.00%, 11/01/22 |
310 | 315,370 | ||||||
|
5.00%, 12/01/22 |
1,745 | 1,779,493 | ||||||
|
5.25%, 09/01/22 |
115 | 116,514 | ||||||
|
5.25%, 10/01/22 |
590 | 599,294 | ||||||
|
Series A, 5.00%, 09/01/22 |
285 | 288,521 | ||||||
|
Series A, 5.00%, 10/01/22 |
445 | 451,556 | ||||||
|
Series B, 5.00%, 08/01/22 |
480 | 484,523 | ||||||
|
Series B, 5.00%, 09/01/22 |
1,200 | 1,214,825 | ||||||
|
Torrance Unified School District GO, 5.00%, 08/01/22 |
40 | 40,365 | ||||||
|
University of California RB |
||||||||
|
Series AO, 4.00%, 05/15/22 |
20 | 20,019 | ||||||
|
Series AO, 5.00%, 05/15/22 |
245 | 245,317 | ||||||
|
Series AR, 4.00%, 05/15/22 |
75 | 75,072 | ||||||
|
Series G, 5.00%, 05/15/22 |
140 | 140,181 | ||||||
|
Ventura County Community College District GO |
||||||||
|
5.00%, 08/01/22 |
105 | 105,958 | ||||||
|
Series C, 0.00%, 08/01/22(a) |
250 | 249,013 | ||||||
|
West Valley-Mission Community College District GO, Series A, 4.00%, 08/01/22 |
175 | 176,171 | ||||||
|
William S Hart Union High School District GO, Series B, 0.00%, 09/01/22 (AGM)(a) |
25 | 24,866 | ||||||
|
|
|
|||||||
| 53,678,259 | ||||||||
| Colorado — 1.6% | ||||||||
|
City & County of Denver CO Airport System Revenue RB, Series B, 5.00%, 11/15/22 |
325 | 330,475 | ||||||
|
City & County of Denver CO RB, Series A, 5.00%, 08/01/22 |
120 | 121,059 | ||||||
|
City & County of Denver Co. GO, Series A, 5.00%, 08/01/22 |
100 | 100,860 | ||||||
|
City of Colorado Springs CO Utilities System Revenue RB, Series A, 5.00%, 11/15/22 |
190 | 193,528 | ||||||
|
City of Colorado Springs Co. Utilities System Revenue RB, VRDN,0.42%, 11/01/41 (Put 05/06/22)(b) |
2,145 | 2,145,000 | ||||||
|
Denver City & County School District No. 1 GO |
||||||||
|
4.00%, 12/01/22 (SAW) |
100 | 101,403 | ||||||
|
Series B, 4.00%, 12/01/22 (SAW) |
275 | 278,858 | ||||||
|
Series B, 4.00%, 12/01/28 (PR 12/01/22) (SAW) |
1,100 | 1,114,986 | ||||||
|
Series B, 5.00%, 12/01/25 (PR 12/01/22) (SAW) |
225 | 229,354 | ||||||
|
Series B, 5.00%, 12/01/26 (PR 12/01/22) (SAW) |
480 | 489,287 | ||||||
|
Series B, 5.00%, 12/01/31 (PR 12/01/22) (SAW) |
465 | 473,997 | ||||||
|
E-470 Public Highway Authority RB, Series B, 0.00%, 09/01/22 (NPFGC)(a) |
90 | 89,549 | ||||||
|
Summit County School District No. Re-1 Summit GO, 5.00%, 12/01/22 (SAW) |
75 | 76,469 | ||||||
|
University of Colorado RB |
||||||||
|
Serise A-1, 4.00%, 06/01/22 |
120 | 120,267 | ||||||
|
Serise A-1, 4.00%, 06/01/22 (ETM) |
100 | 100,218 | ||||||
|
Serise B, 5.00%, 06/01/22 |
175 | 175,524 | ||||||
|
Serise B, 5.00%, 06/01/22 (ETM) |
5 | 5,015 | ||||||
|
|
|
|||||||
| 6,145,849 | ||||||||
| 14 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Connecticut — 1.4% |
||||||||
|
City of Stamford CT GO, Series B, 5.00%, 07/01/22 |
$ | 195 | $ | 196,191 | ||||
|
Connecticut State Health & Educational Facilities Authority RB |
||||||||
|
Series A-1, VRDN,5.00%, 07/01/42 (Put 07/01/22)(b) |
645 | 648,728 | ||||||
|
Series A-2, VRDN,5.00%, 07/01/42 (Put 07/01/22)(b) |
350 | 352,023 | ||||||
|
Series E, 5.00%, 07/01/22 |
150 | 150,911 | ||||||
|
State of Connecticut GO |
||||||||
|
5.00%, 11/15/22 |
150 | 152,745 | ||||||
|
Series A, 5.00%, 10/15/22 |
570 | 579,012 | ||||||
|
Series C, 5.00%, 06/01/22 |
130 | 130,391 | ||||||
|
Series C, 5.00%, 06/15/22 |
90 | 90,401 | ||||||
|
Series D, 5.00%, 06/15/22 |
20 | 20,089 | ||||||
|
Series D, 5.00%, 08/15/22 |
240 | 242,495 | ||||||
|
Series E, 5.00%, 08/15/22 |
175 | 176,820 | ||||||
|
Series E, 5.00%, 10/15/22 |
670 | 680,593 | ||||||
|
Series F, 4.00%, 11/15/22 |
675 | 683,781 | ||||||
|
Series F, 5.00%, 11/15/22 |
130 | 132,379 | ||||||
|
Serise F, 5.00%, 09/15/22 |
300 | 303,948 | ||||||
|
State of Connecticut Special Tax Revenue RB |
||||||||
|
Series A, 5.00%, 08/01/22 |
130 | 131,128 | ||||||
|
Series A, 5.00%, 09/01/22 |
465 | 470,279 | ||||||
|
Series A, 5.00%, 10/01/22 |
210 | 212,927 | ||||||
|
Series B, 5.00%, 08/01/22 |
135 | 136,171 | ||||||
|
University of Connecticut RB, Series A, 5.00%, 08/15/22 |
125 | 126,210 | ||||||
|
|
|
|||||||
| 5,617,222 | ||||||||
| Delaware — 0.5% | ||||||||
|
City of Wilmington DE GO, 4.00%, 06/01/22 |
115 | 115,254 | ||||||
|
Delaware Transportation Authority RB |
||||||||
|
5.00%, 06/01/22 |
345 | 346,009 | ||||||
|
5.00%, 07/01/22 |
865 | 870,270 | ||||||
|
State of Delaware GO |
||||||||
|
Series A, 5.00%, 10/01/22 |
300 | 304,381 | ||||||
|
Series B, 5.00%, 07/01/22 |
275 | 276,680 | ||||||
|
University of Delaware RB, Series A, 5.00%, 11/01/22 |
105 | 106,756 | ||||||
|
|
|
|||||||
| 2,019,350 | ||||||||
| District of Columbia — 1.5% | ||||||||
|
District of Columbia GO |
||||||||
|
Series A, 5.00%, 06/01/22 |
1,050 | 1,053,130 | ||||||
|
Series A, 5.00%, 10/15/22 |
225 | 228,506 | ||||||
|
Series B, 5.00%, 06/01/22 |
100 | 100,298 | ||||||
|
Series D, 5.00%, 06/01/22 |
125 | 125,373 | ||||||
|
Series E, 5.00%, 06/01/22 |
155 | 155,462 | ||||||
|
District of Columbia RB |
||||||||
|
5.00%, 07/15/22 |
75 | 75,517 | ||||||
|
Series A, 4.00%, 12/01/22 |
195 | 197,747 | ||||||
|
Series A, 5.00%, 12/01/22 |
515 | 525,205 | ||||||
|
Series C, 4.00%, 12/01/22 |
150 | 152,114 | ||||||
|
Series C, 5.00%, 10/01/22 |
125 | 126,846 | ||||||
|
Series C, 5.00%, 12/01/22 |
1,570 | 1,601,112 | ||||||
|
District of Columbia Water & Sewer Authority RB |
||||||||
|
Series A, 5.00%, 10/01/22 |
265 | 268,859 | ||||||
|
Series C, 5.00%, 10/01/22 |
415 | 421,043 | ||||||
|
Metropolitan Washington Airports Authority Aviation Revenue RB, Series C, 5.00%, 10/01/22 |
505 | 511,849 | ||||||
|
Washington Metropolitan Area Transit Authority RB, Series B, 5.00%, 07/01/22 |
125 | 125,756 | ||||||
|
|
|
|||||||
| 5,668,817 | ||||||||
| Florida — 4.5% | ||||||||
|
Board of Governors State University System of Florida RB, Series A, 5.00%, 07/01/22 |
50 | 50,302 | ||||||
| Security | Par (000) |
Value | ||||||
|
Florida (continued) |
||||||||
|
Broward County FL Water & Sewer Utility Revenue RB, Series B, 5.00%, 10/01/22 |
$ | 405 | $ | 410,914 | ||||
|
Central Florida Expressway Authority RB, Series B, 4.00%, 07/01/22 |
55 | 55,247 | ||||||
|
City of Jacksonville FL RB |
||||||||
|
5.00%, 10/01/22 |
330 | 334,830 | ||||||
|
Series A, 4.00%, 10/01/22 |
50 | 50,505 | ||||||
|
Series A, 5.00%, 10/01/22 |
100 | 101,377 | ||||||
|
Series C, 5.00%, 10/01/22 |
100 | 101,377 | ||||||
|
City of Tallahassee FL Energy System Revenue RB, 5.00%, 10/01/22 |
70 | 71,022 | ||||||
|
City of Tampa FL RB |
||||||||
|
5.00%, 10/01/22 |
230 | 233,330 | ||||||
|
Series A, 5.00%, 10/01/22 |
140 | 142,027 | ||||||
|
Series B, 5.00%, 10/01/22 |
75 | 76,086 | ||||||
|
County of Broward FL Airport System Revenue RB |
||||||||
|
Series C, 5.00%, 10/01/22 |
245 | 248,272 | ||||||
|
Series P-2, 5.00%, 10/01/22 |
170 | 172,270 | ||||||
|
Series Q-1, 5.00%, 10/01/22 |
50 | 50,668 | ||||||
|
County of Hillsborough FL Community Investment Tax Revenue RB, 5.00%, 11/01/22 |
160 | 162,691 | ||||||
|
County of Lee FL Transportation Facilities Revenue RB, 5.00%, 10/01/22 (AGM) |
100 | 101,398 | ||||||
|
County of Miami-Dade FL Aviation Revenue RB, Series B, 5.00%, 10/01/22 |
575 | 582,440 | ||||||
|
County of Miami-Dade FL GO, 5.00%, 07/01/22 |
140 | 140,846 | ||||||
|
County of Miami-Dade FL RB, Series A, 5.00%, 10/01/22 |
135 | 136,932 | ||||||
|
County of Miami-Dade FL Transit System RB, 5.00%, 07/01/22 |
300 | 301,738 | ||||||
|
County of Miami-Dade FL Water & Sewer System Revenue RB |
||||||||
|
5.00%, 10/01/22 |
235 | 238,314 | ||||||
|
Series A, 4.38%, 10/01/22 (AGM) |
100 | 101,180 | ||||||
|
Series B, 5.25%, 10/01/22 (AGM) |
525 | 533,071 | ||||||
|
County of Palm Beach FL RB |
||||||||
|
5.00%, 05/01/22 |
60 | 60,000 | ||||||
|
5.00%, 06/01/22 |
100 | 100,300 | ||||||
|
5.00%, 11/01/22 |
45 | 45,773 | ||||||
|
Series A, 5.00%, 11/01/22 |
50 | 50,858 | ||||||
|
County of Palm Beach FL Water & Sewer Revenue RB, 4.00%, 10/01/22 |
30 | 30,314 | ||||||
|
County of Pasco FL Water & Sewer Revenue RB, Series A, 5.00%, 10/01/22 |
80 | 81,152 | ||||||
|
County of Sarasota FL RB, 5.00%, 10/01/22 |
55 | 55,769 | ||||||
|
Florida Department of Environmental Protection RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
1,075 | 1,081,568 | ||||||
|
Serise A, 5.00%, 07/01/22 |
150 | 150,916 | ||||||
|
Florida Department of Management Services COP, Series A, 5.00%, 08/01/22 |
295 | 297,662 | ||||||
|
Florida Municipal Power Agency RB, Series A, 5.00%, 10/01/22 |
325 | 329,611 | ||||||
|
Florida State University Housing Facility Revenue RB, Series A, 5.00%, 05/01/22 |
250 | 250,000 | ||||||
|
Florida’s Turnpike Enterprise RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
715 | 719,157 | ||||||
|
Series B, 5.00%, 07/01/22 |
540 | 543,139 | ||||||
|
Series C, 5.00%, 07/01/22 |
200 | 201,163 | ||||||
|
Jacksonville Transportation Authority RB, 5.00%, 08/01/22 |
230 | 232,035 | ||||||
|
JEA Electric System Revenue RB, Series A, 5.00%, 10/01/22 |
80 | 81,148 | ||||||
|
JEA Water & Sewer System Revenue RB, Series A, 5.00%, 10/01/22 |
140 | 141,992 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
15 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Florida (continued) |
||||||||
|
Miami-Dade County Expressway Authority RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
$ | 80 | $ | 80,418 | ||||
|
Series B, 5.00%, 07/01/22 |
265 | 266,384 | ||||||
|
Orange County School Board COP, Series D, 5.00%, 08/01/22 |
290 | 292,595 | ||||||
|
Orlando Utilities Commission RB |
||||||||
|
Series A, 5.00%, 10/01/22 |
340 | 344,965 | ||||||
|
Series C, 4.00%, 10/01/22 |
175 | 176,841 | ||||||
|
Series C, 5.00%, 10/01/22 |
255 | 258,724 | ||||||
|
Series C, 5.25%, 10/01/22 |
130 | 132,031 | ||||||
|
Orlando-Orange County Convention Center RB, 5.00%, 10/01/22 |
270 | 273,539 | ||||||
|
Orlando-Orange County Expressway Authority RB |
||||||||
|
5.00%, 07/01/22 |
275 | 276,581 | ||||||
|
Series B, 5.00%, 07/01/22 |
220 | 221,264 | ||||||
|
Series B, 5.00%, 07/01/22 (AGM) |
185 | 186,091 | ||||||
|
Palm Beach County School District COP |
||||||||
|
5.00%, 08/01/22 |
650 | 655,784 | ||||||
|
Series B, 5.00%, 08/01/22 |
250 | 252,225 | ||||||
|
Series D, 5.00%, 08/01/22 |
375 | 378,337 | ||||||
|
Reedy Creek Improvement District GOL |
||||||||
|
5.00%, 06/01/22 |
120 | 120,356 | ||||||
|
Series A, 5.00%, 06/01/22 |
65 | 65,193 | ||||||
|
Series B, 4.00%, 06/01/22 |
160 | 160,351 | ||||||
|
School Board of Miami-Dade County (The) COP |
||||||||
|
Series A, 5.00%, 05/01/22 |
315 | 315,000 | ||||||
|
Series D, 5.00%, 11/01/22 |
160 | 162,420 | ||||||
|
School District of Broward County/FL COP |
||||||||
|
Series A, 5.00%, 07/01/22 |
425 | 427,373 | ||||||
|
Series B, 5.00%, 07/01/22 |
20 | 20,112 | ||||||
|
Series C, 5.00%, 07/01/22 |
250 | 251,396 | ||||||
|
State of Florida Department of Transportation RB, 5.00%, 07/01/22 |
75 | 75,450 | ||||||
|
State of Florida GO |
||||||||
|
Series A, 5.00%, 06/01/22 |
640 | 641,909 | ||||||
|
Series A, 5.00%, 07/01/22 |
95 | 95,582 | ||||||
|
Series B, 5.00%, 06/01/22 |
490 | 491,461 | ||||||
|
Series C, 5.00%, 06/01/22 |
575 | 576,714 | ||||||
|
Series E, 5.00%, 06/01/22 |
80 | 80,238 | ||||||
|
State of Florida Lottery Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
1,010 | 1,016,170 | ||||||
|
Series B, 5.00%, 07/01/22 |
90 | 90,550 | ||||||
|
Volusia County School Board COP, Series A, 5.00%, 08/01/22 |
115 | 116,026 | ||||||
|
|
|
|||||||
| 17,351,474 | ||||||||
| Georgia — 1.8% | ||||||||
|
City of Atlanta GA Airport Passenger Facility Charge RB, Series F, 5.00%, 07/01/22 |
150 | 150,887 | ||||||
|
City of Atlanta GA Water & Wastewater Revenue RB |
||||||||
|
5.00%, 11/01/22 |
950 | 966,073 | ||||||
|
Series B, 5.00%, 11/01/22 |
150 | 152,538 | ||||||
|
Georgia State Road & Tollway Authority RB |
||||||||
|
Series A, 5.00%, 06/01/22 |
175 | 175,515 | ||||||
|
Series B, 5.00%, 10/01/22 (GTD) |
150 | 152,197 | ||||||
|
Gwinnett County Water & Sewerage Authority RB, 5.00%, 08/01/22 |
500 | 504,337 | ||||||
|
Metropolitan Atlanta Rapid Transit Authority RB, Series A, 5.00%, 07/01/30 (PR 07/01/22) |
2,015 | 2,027,177 | ||||||
|
Municipal Electric Authority of Georgia RB, Series A, 5.00%, 11/01/22 |
135 | 137,015 | ||||||
|
State of Georgia GO |
||||||||
|
Series C, 4.00%, 09/01/22 |
405 | 408,602 | ||||||
| Security | Par (000) |
Value | ||||||
|
Georgia (continued) |
||||||||
|
Series C, 4.00%, 10/01/22 |
$ | 1,215 | $ | 1,228,186 | ||||
|
Series E, 5.00%, 12/01/22 |
250 | 255,013 | ||||||
|
Serise H, 5.00%, 12/01/22 |
650 | 663,033 | ||||||
|
|
|
|||||||
| 6,820,573 | ||||||||
| Hawaii — 2.8% | ||||||||
|
City & County Honolulu HI Wastewater System Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
175 | 176,077 | ||||||
|
Series A, 5.00%, 07/01/25 (PR 07/01/22) |
1,155 | 1,161,980 | ||||||
|
Series A, 5.00%, 07/01/30 (PR 07/01/22) |
125 | 125,756 | ||||||
|
Series B, 5.00%, 07/01/22 |
120 | 120,755 | ||||||
|
City & County of Honolulu HI GO |
||||||||
|
Series A, 5.00%, 10/01/22 |
230 | 233,349 | ||||||
|
Series A, 5.00%, 11/01/22 (ETM) |
25 | 25,424 | ||||||
|
Series A, 5.00%, 11/01/25 (PR 11/01/22) |
2,000 | 2,033,938 | ||||||
|
Series A, 5.00%, 11/01/33 (PR 11/01/22) |
1,175 | 1,194,938 | ||||||
|
Series B, 5.00%, 09/01/22 |
50 | 50,593 | ||||||
|
Series B, 5.00%, 10/01/22 (ETM) |
125 | 126,820 | ||||||
|
Series B, 5.00%, 11/01/22 |
225 | 228,852 | ||||||
|
Series C, 5.00%, 10/01/22 |
620 | 629,028 | ||||||
|
Series E, 3.00%, 09/01/22 |
100 | 100,534 | ||||||
|
County of Hawaii HI GO |
||||||||
|
Series A, 5.00%, 09/01/22 |
145 | 146,728 | ||||||
|
Series B, 5.00%, 09/01/22 |
370 | 374,410 | ||||||
|
Honolulu City & County Board of Water Supply RB, Series A, 5.00%, 07/01/22 |
20 | 20,121 | ||||||
|
State of Hawaii GO |
||||||||
|
Series EE, 4.00%, 11/01/22 (ETM) |
35 | 35,422 | ||||||
|
Series EE, 5.00%, 11/01/23 (PR 11/01/22) |
580 | 589,842 | ||||||
|
Series EE, 5.00%, 11/01/27 (PR 11/01/22) |
115 | 116,952 | ||||||
|
Series EF, 5.00%, 11/01/22 |
320 | 325,414 | ||||||
|
Series EO, 5.00%, 08/01/22 |
150 | 151,342 | ||||||
|
Series EP, 5.00%, 08/01/22 |
150 | 151,342 | ||||||
|
Series EX, 3.00%, 10/01/22 |
150 | 150,935 | ||||||
|
Series EZ, 5.00%, 10/01/22 |
175 | 177,519 | ||||||
|
Series FE, 5.00%, 10/01/22 |
535 | 542,701 | ||||||
|
Series FG, 5.00%, 10/01/22 |
110 | 111,584 | ||||||
|
Series FH, 5.00%, 10/01/22 |
955 | 968,747 | ||||||
|
Series FN, 5.00%, 10/01/22 |
70 | 71,008 | ||||||
|
University of Hawaii RB, Series D, 5.00%, 10/01/22 |
535 | 542,813 | ||||||
|
|
|
|||||||
| 10,684,924 | ||||||||
| Idaho — 0.1% | ||||||||
|
Idaho Housing & Finance Association RB |
||||||||
|
Series A, 5.00%, 07/15/22 |
150 | 151,083 | ||||||
|
Series B, 5.00%, 07/15/22 |
205 | 206,476 | ||||||
|
|
|
|||||||
| 357,559 | ||||||||
| Illinois — 1.4% | ||||||||
|
Chicago Transit Authority Capital Grant Receipts Revenue RB, 5.00%, 06/01/22 |
100 | 100,274 | ||||||
|
Illinois Finance Authority RB |
||||||||
|
5.00%, 07/01/22 |
680 | 684,109 | ||||||
|
5.00%, 10/01/22 |
25 | 25,351 | ||||||
|
Series A, 5.00%, 10/01/22 |
395 | 400,686 | ||||||
|
Illinois State Toll Highway Authority RB, Series A, 5.00%, 12/01/22 |
645 | 657,254 | ||||||
|
Metropolitan Pier & Exposition Authority RB, 5.65%, 06/15/22 (ETM NPFGC) |
5 | 5,025 | ||||||
|
Regional Transportation Authority RB, Series A, 5.50%, 07/01/22 (NPFGC) |
55 | 55,359 | ||||||
| 16 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Illinois (continued) |
||||||||
|
State of Illinois GO |
||||||||
|
0.00%, 08/01/22(a) |
$ | 100 | $ | 99,554 | ||||
|
4.00%, 09/01/22 |
100 | 100,665 | ||||||
|
5.00%, 05/01/22 |
370 | 370,000 | ||||||
|
5.00%, 08/01/22 (AGM) |
200 | 201,629 | ||||||
|
Series A, 5.00%, 10/01/22 |
535 | 541,481 | ||||||
|
Series A, 5.00%, 12/01/22 |
500 | 508,049 | ||||||
|
Series B, 5.00%, 09/01/22 |
300 | 302,968 | ||||||
|
Series B, 5.00%, 10/01/22 |
170 | 172,060 | ||||||
|
Series D, 5.00%, 11/01/22 |
800 | 811,350 | ||||||
|
State of Illinois RB, Series C, 5.00%, 06/15/22 |
100 | 100,340 | ||||||
|
State of Illinois Sales Tax Revenue RB, 5.00%, 06/15/22 |
400 | 401,360 | ||||||
|
|
|
|||||||
| 5,537,514 | ||||||||
| Indiana — 0.5% | ||||||||
|
Ball State University RB |
||||||||
|
5.00%, 07/01/22 |
45 | 45,267 | ||||||
|
Series R, 5.00%, 07/01/22 |
325 | 326,932 | ||||||
|
Indiana Finance Authority RB |
||||||||
|
Series A, 5.00%, 06/01/22 |
100 | 100,291 | ||||||
|
Series A, 5.00%, 10/01/22 |
155 | 157,238 | ||||||
|
Series A, 5.00%, 12/01/22 |
210 | 213,623 | ||||||
|
Serise A, 5.00%, 12/01/22 |
245 | 249,783 | ||||||
|
Indiana Transportation Finance Authority RB, Series B, 5.75%, 12/01/22 |
115 | 117,753 | ||||||
|
Indiana University RB |
||||||||
|
Series A, 5.00%, 06/01/22 |
390 | 391,181 | ||||||
|
Series Y, 5.00%, 08/01/22 |
85 | 85,773 | ||||||
|
Purdue University RB, Series A, 5.00%, 07/01/22 |
140 | 140,858 | ||||||
|
|
|
|||||||
| 1,828,699 | ||||||||
| Iowa — 0.5% | ||||||||
|
Ankeny Community School District GO, Series A, 4.00%, 06/01/22 |
25 | 25,056 | ||||||
|
City of Cedar Rapids IA GO, Series A, 5.00%, 06/01/22 |
125 | 125,380 | ||||||
|
City of Des Moines IA GO |
||||||||
|
Series B, 5.00%, 06/01/22 |
205 | 205,618 | ||||||
|
Series E, 5.00%, 06/01/22 |
195 | 195,587 | ||||||
|
Des Moines Independent Community School District RB, 5.00%, 06/01/22 (BAM) |
60 | 60,181 | ||||||
|
Iowa City Community School District RB, 5.00%, 06/01/22 |
120 | 120,349 | ||||||
|
Iowa Finance Authority RB, 5.00%, 08/01/22 |
505 | 509,569 | ||||||
|
State of Iowa Board of Regents RB, 4.00%, 09/01/22 |
215 | 216,791 | ||||||
|
State of Iowa RB, Series A, 5.00%, 06/01/22 |
645 | 646,923 | ||||||
|
|
|
|||||||
| 2,105,454 | ||||||||
| Kansas — 0.4% | ||||||||
|
Johnson County Public Building Commission RB, Series B, 5.00%, 09/01/22 |
270 | 273,164 | ||||||
|
State of Kansas Department of Transportation RB |
||||||||
|
Series A, 5.00%, 09/01/22 |
840 | 849,704 | ||||||
|
Series B, 5.00%, 09/01/22 |
135 | 136,559 | ||||||
|
Series C, 5.00%, 09/01/22 |
100 | 101,155 | ||||||
|
Wyandotte County-Kansas City Unified Government Utility System Revenue RB, Series A, 5.00%, 09/01/22 |
125 | 126,444 | ||||||
|
|
|
|||||||
| 1,487,026 | ||||||||
| Kentucky — 0.0% | ||||||||
|
Kentucky State Property & Building Commission RB, Series B, 5.00%, 11/01/22 |
100 | 101,627 | ||||||
|
|
|
|||||||
| Louisiana — 0.6% | ||||||||
|
Louisiana Office Facilities Corp. RB, 5.00%, 11/01/22 |
110 | 111,812 | ||||||
| Security | Par (000) |
Value | ||||||
|
Louisiana (continued) |
||||||||
|
State of Louisiana Gasoline & Fuels Tax Revenue RB |
||||||||
|
Series A-1, 4.00%, 05/01/22 |
$ | 70 | $ | 70,000 | ||||
|
Series A-1, 5.00%, 05/01/22 |
105 | 105,000 | ||||||
|
State of Louisiana GO |
||||||||
|
Series A, 5.00%, 08/01/22 |
145 | 146,298 | ||||||
|
Series A, 5.00%, 09/01/22 |
100 | 101,172 | ||||||
|
Series A, 5.00%, 08/01/26 (PR 08/01/22) |
185 | 186,637 | ||||||
|
Series B, 5.00%, 08/01/22 |
50 | 50,447 | ||||||
|
Series B, 5.00%, 10/01/22 |
115 | 116,655 | ||||||
|
Series C, 4.00%, 07/15/22 |
160 | 160,867 | ||||||
|
Series C, 5.00%, 07/15/22 |
100 | 100,740 | ||||||
|
Series C, 5.00%, 07/15/25 (PR 07/15/22) |
295 | 297,183 | ||||||
|
Series C, 5.00%, 07/15/26 (PR 07/15/22) |
500 | 503,701 | ||||||
|
State of Louisiana RB |
||||||||
|
5.00%, 09/01/22 |
150 | 151,778 | ||||||
|
Series A, 5.00%, 06/15/22 |
50 | 50,223 | ||||||
|
|
|
|||||||
| 2,152,513 | ||||||||
| Maine — 0.4% | ||||||||
|
Maine Municipal Bond Bank RB |
||||||||
|
Series A, 5.00%, 09/01/22 |
560 | 566,824 | ||||||
|
Series A, 5.00%, 11/01/22 |
100 | 101,717 | ||||||
|
Series B, 5.00%, 11/01/22 |
85 | 86,459 | ||||||
|
Series C, 5.00%, 11/01/22 |
320 | 325,494 | ||||||
|
Series D, 5.00%, 11/01/22 |
160 | 162,747 | ||||||
|
Series D, 5.00%, 11/01/22 (ETM) |
10 | 10,165 | ||||||
|
Maine Turnpike Authority RB, 5.00%, 07/01/22 |
155 | 155,916 | ||||||
|
State of Maine GO, Series B, 5.00%, 06/01/22 |
210 | 210,631 | ||||||
|
|
|
|||||||
| 1,619,953 | ||||||||
| Maryland — 3.5% | ||||||||
|
City of Baltimore MD GO, Series B, 5.00%, 10/15/22 |
225 | 228,526 | ||||||
|
City of Baltimore MD RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
135 | 135,818 | ||||||
|
Series D, 5.00%, 07/01/22 |
140 | 140,848 | ||||||
|
County of Anne Arundel MD GOL, 5.00%, 10/01/22 |
300 | 304,394 | ||||||
|
County of Baltimore MD COP, 5.00%, 10/01/22 |
60 | 60,861 | ||||||
|
County of Baltimore MD GO |
||||||||
|
Series B, 5.00%, 08/01/22 |
515 | 519,673 | ||||||
|
Series C, 4.00%, 09/01/22 |
265 | 267,287 | ||||||
|
County of Baltimore MD RB, Series B, 5.00%, 07/01/22 |
190 | 191,151 | ||||||
|
County of Charles MD GO, 5.00%, 10/01/22 |
500 | 507,218 | ||||||
|
County of Frederick MD GO, Series A, 5.00%, 08/01/22 |
200 | 201,790 | ||||||
|
County of Montgomery MD GO |
||||||||
|
Series A, 5.00%, 11/01/22 |
110 | 111,927 | ||||||
|
Series A, 5.00%, 12/01/22 |
250 | 254,998 | ||||||
|
Series B, 5.00%, 12/01/22 |
120 | 122,399 | ||||||
|
Series C, 5.00%, 10/01/22 |
500 | 507,447 | ||||||
|
County of Prince George’s MD COP, 5.00%, 10/15/22 |
75 | 76,169 | ||||||
|
County of Prince George’s MD GOL |
||||||||
|
Series A, 5.00%, 07/15/22 |
100 | 100,755 | ||||||
|
Series C, 5.00%, 08/01/22 |
530 | 534,835 | ||||||
|
Serise A, 5.00%, 09/01/22 |
130 | 131,554 | ||||||
|
Maryland Health & Higher Educational Facilities Authority RB, Series A, 5.00%, 07/01/22 |
195 | 196,178 | ||||||
|
Maryland State Transportation Authority RB, 5.00%, 07/01/22 |
185 | 186,085 | ||||||
|
State of Maryland Department of Transportation RB |
||||||||
|
5.00%, 09/01/22 |
500 | 505,893 | ||||||
|
5.00%, 10/01/22 |
3,220 | 3,266,621 | ||||||
|
State of Maryland GO |
||||||||
|
First Series C, 4.00%, 08/15/22 |
210 | 211,562 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
17 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Maryland (continued) |
||||||||
|
Second Series B, 5.00%, 08/01/22 |
$ | 1,935 | $ | 1,952,316 | ||||
|
Series B, 5.00%, 08/01/22 |
600 | 605,369 | ||||||
|
Series C, 5.00%, 08/01/22 |
1,245 | 1,256,141 | ||||||
|
Washington Suburban Sanitary Commission RB, 5.00%, 06/01/22 |
1,030 | 1,033,111 | ||||||
|
|
|
|||||||
| 13,610,926 | ||||||||
| Massachusetts — 4.7% | ||||||||
|
Boston Water & Sewer Commission RB, Series A, 4.25%, 11/01/22 |
440 | 445,957 | ||||||
|
City of Boston MA GO, Series A, 5.00%, 11/01/22 |
750 | 762,989 | ||||||
|
Commonwealth of Massachusetts GOL |
||||||||
|
Series A, 5.00%, 05/01/22 |
60 | 60,000 | ||||||
|
Series A, 5.00%, 07/01/22 |
410 | 412,532 | ||||||
|
Series B, 5.00%, 08/01/22 |
270 | 272,477 | ||||||
|
Series B, 5.25%, 08/01/22 |
210 | 212,054 | ||||||
|
Series C, 5.00%, 07/01/22 |
300 | 301,852 | ||||||
|
Series C, 5.00%, 08/01/22 |
215 | 216,972 | ||||||
|
Series C, 5.00%, 10/01/22 |
275 | 279,062 | ||||||
|
Series C, 5.00%, 07/01/24 (PR 07/01/22) |
285 | 286,722 | ||||||
|
Series C, 5.50%, 12/01/22 (AMBAC) |
485 | 496,000 | ||||||
|
Series E, 5.00%, 09/01/22 |
105 | 106,262 | ||||||
|
Series E, 5.00%, 11/01/22 |
110 | 111,911 | ||||||
|
Series E, 5.00%, 09/01/25 (PR 09/01/22) |
390 | 394,583 | ||||||
|
Series E, 5.00%, 09/01/28 (PR 09/01/22) |
1,285 | 1,300,101 | ||||||
|
Series F, 5.00%, 11/01/23 (PR 11/01/22) |
570 | 579,672 | ||||||
|
Series F, 5.00%, 11/01/25 (PR 11/01/22) |
150 | 152,545 | ||||||
|
Series F, 5.00%, 11/01/26 (PR 11/01/22) |
500 | 508,484 | ||||||
|
Series H, 5.00%, 12/01/22 |
1,215 | 1,239,077 | ||||||
|
Commonwealth of Massachusetts Transportation Fund Revenue RB, Series A, 5.00%, 06/01/22 |
355 | 356,044 | ||||||
|
Massachusetts Bay Transportation Authority RB |
||||||||
|
Series A, 0.00%, 07/01/22(a) |
100 | 99,767 | ||||||
|
Series A, 5.00%, 07/01/22 |
1,035 | 1,041,272 | ||||||
|
Series A, 5.25%, 07/01/22 |
80 | 80,517 | ||||||
|
Series B, 5.25%, 07/01/22 |
450 | 452,907 | ||||||
|
Massachusetts Clean Water Trust (The) RB |
||||||||
|
5.00%, 08/01/22 |
220 | 221,996 | ||||||
|
Series 12B, 5.00%, 08/01/22 |
500 | 504,536 | ||||||
|
Massachusetts Development Finance Agency RB |
||||||||
|
5.00%, 07/01/22 |
100 | 100,590 | ||||||
|
Series A, 5.00%, 07/15/22 |
200 | 201,493 | ||||||
|
Massachusetts Health & Educational Facilities Authority RB |
||||||||
|
Series J-1, VRDN,0.40%, 07/01/31 (Put 05/06/22)(b) |
5,000 | 5,000,000 | ||||||
|
Serise K, 5.50%, 07/01/22 |
250 | 251,723 | ||||||
|
Massachusetts Port Authority RB, Series B, 4.00%, 07/01/22 |
20 | 20,089 | ||||||
|
Massachusetts School Building Authority RB |
||||||||
|
Series A, 5.00%, 08/15/22 |
740 | 747,695 | ||||||
|
Series A, 5.00%, 08/15/22 (ETM) |
45 | 45,462 | ||||||
|
Massachusetts Water Resources Authority RB, Serise A, 5.00%, 08/01/22 |
325 | 327,908 | ||||||
|
University of Massachusetts Building Authority RB |
||||||||
|
Series 1, 5.00%, 11/01/22 |
50 | 50,846 | ||||||
|
Series 2, 5.00%, 11/01/22 |
405 | 411,852 | ||||||
|
|
|
|||||||
| 18,053,949 | ||||||||
| Michigan — 1.9% | ||||||||
|
City of Detroit MI Sewage Disposal System Revenue RB, Series A, 5.25%, 07/01/39 (PR 07/01/22) |
1,000 | 1,006,444 | ||||||
|
Michigan Finance Authority RB |
||||||||
|
4.00%, 10/01/22 |
275 | 277,893 | ||||||
| Security | Par (000) |
Value | ||||||
|
Michigan (continued) |
||||||||
|
5.00%, 08/01/22 |
$ | 80 | $ | 80,706 | ||||
|
5.00%, 10/01/22 |
75 | 76,095 | ||||||
|
Series B, 5.00%, 10/01/22 |
455 | 461,645 | ||||||
|
Michigan State Building Authority RB |
||||||||
|
4.00%, 10/15/22 |
1,200 | 1,213,557 | ||||||
|
Series A, 5.00%, 10/15/22 |
930 | 944,661 | ||||||
|
Michigan State Hospital Finance Authority RB, Series 200, 4.00%, 11/01/22 |
250 | 252,941 | ||||||
|
Michigan
State University RB, Series A, |
315 | 318,267 | ||||||
|
State of Michigan Comprehensive Transportation Revenue RB, 5.25%, 05/15/22 (AGM) |
130 | 130,177 | ||||||
|
State of Michigan GO |
||||||||
|
Series A, 5.00%, 12/01/22 |
470 | 479,286 | ||||||
|
Series B, 5.00%, 11/01/22 |
710 | 722,296 | ||||||
|
State of Michigan Trunk Line Revenue RB, 5.00%, 11/15/22 |
1,345 | 1,369,321 | ||||||
|
|
|
|||||||
| 7,333,289 | ||||||||
| Minnesota — 1.1% | ||||||||
|
City of Minneapolis MN GO |
||||||||
|
4.00%, 12/01/22 |
510 | 517,067 | ||||||
|
5.00%, 12/01/22 |
190 | 193,721 | ||||||
|
County of Hennepin MN GO |
||||||||
|
Series A, 5.00%, 12/01/22 |
140 | 142,823 | ||||||
|
Series B, 5.00%, 12/01/22 |
105 | 107,118 | ||||||
|
Series C, 5.00%, 12/01/22 |
100 | 102,017 | ||||||
|
Metropolitan Council GO |
||||||||
|
Series B, 5.00%, 09/01/22 |
125 | 126,486 | ||||||
|
Series E, 5.00%, 09/01/22 |
100 | 101,188 | ||||||
|
Minnesota Municipal Power Agency RB, Series A, 5.00%, 10/01/22 |
40 | 40,559 | ||||||
|
State of Minnesota GO |
||||||||
|
Series A, 5.00%, 08/01/22 |
780 | 786,999 | ||||||
|
Series B, 5.00%, 08/01/22 |
1,050 | 1,059,422 | ||||||
|
Series D, 5.00%, 10/01/22 |
530 | 537,740 | ||||||
|
Series F, 5.00%, 10/01/22 |
440 | 446,425 | ||||||
|
State of Minnesota RB, Series A, 5.00%, 06/01/22 |
155 | 155,450 | ||||||
|
|
|
|||||||
| 4,317,015 | ||||||||
| Mississippi — 0.2% | ||||||||
|
State of Mississippi GO |
||||||||
|
Series C, 5.00%, 10/01/22 |
120 | 121,757 | ||||||
|
Series F, 4.00%, 11/01/22 |
260 | 263,201 | ||||||
|
Series F, 5.25%, 10/01/22 |
100 | 101,567 | ||||||
|
Series H, 5.00%, 12/01/22 |
300 | 305,892 | ||||||
|
|
|
|||||||
| 792,417 | ||||||||
| Missouri — 0.6% | ||||||||
|
Health & Educational Facilities Authority of the State of Missouri RB, Series A, 5.00%, 11/15/22 |
75 | 76,312 | ||||||
|
Metropolitan St. Louis Sewer District RB, Series B, 5.00%, 05/01/22 |
80 | 80,000 | ||||||
|
Missouri Highway & Transportation Commission RB |
||||||||
|
Series A, 5.00%, 05/01/22 |
330 | 330,000 | ||||||
|
Series B, 5.00%, 05/01/22 |
465 | 465,000 | ||||||
|
Missouri State Board of Public Buildings RB, Series A, 5.00%, 10/01/22 |
375 | 380,476 | ||||||
|
Missouri State Environmental Improvement & Energy Resources Authority RB, Series A, 5.00%, 07/01/22 |
420 | 422,566 | ||||||
|
University of Missouri RB, Series A, 5.00%, 11/01/22 |
405 | 411,872 | ||||||
|
|
|
|||||||
| 2,166,226 | ||||||||
| Montana — 0.0% | ||||||||
|
Montana Department of Transportation RB, 5.00%, 06/01/22 |
100 | 100,294 | ||||||
|
|
|
|||||||
| 18 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Nebraska — 0.4% |
||||||||
|
City of Lincoln NE Electric System Revenue RB, 5.00%, 09/01/22 |
$ | 365 | $ | 369,301 | ||||
|
City of Omaha NE GO, Series B, 5.00%, 11/15/22 |
695 | 708,055 | ||||||
|
City of Omaha NE Sewer Revenue RB, 5.00%, 11/15/22 |
115 | 117,160 | ||||||
|
Metropolitan Utilities District of Omaha Water System Revenue RB, 5.00%, 12/01/22 |
360 | 366,987 | ||||||
|
University of Nebraska Facilities Corp. RB, 4.00%, 10/01/22 |
105 | 106,105 | ||||||
|
|
|
|||||||
| 1,667,608 | ||||||||
| Nevada — 2.0% | ||||||||
|
City of Las Vegas NV GOL, Series C, 5.00%, 09/01/22 |
200 | 202,377 | ||||||
|
Clark County School District GOL |
||||||||
|
Series A, 5.00%, 06/15/22 |
165 | 165,709 | ||||||
|
Series B, 5.00%, 06/15/22 |
280 | 281,204 | ||||||
|
Series C, 5.00%, 06/15/22 |
125 | 125,537 | ||||||
|
Series D, 5.00%, 06/15/22 |
240 | 241,032 | ||||||
|
Clark County Water Reclamation District GOL, 5.00%, 07/01/22 |
390 | 392,389 | ||||||
|
County of Clark Department of Aviation RB |
||||||||
|
5.00%, 07/01/22 |
1,020 | 1,025,812 | ||||||
|
Series B, 5.00%, 07/01/22 |
145 | 145,826 | ||||||
|
Series C, 5.00%, 07/01/22 |
150 | 150,855 | ||||||
|
County of Clark NV GOL |
||||||||
|
5.00%, 06/01/22 |
150 | 150,453 | ||||||
|
5.00%, 11/01/22 |
395 | 401,782 | ||||||
|
Series A, 5.00%, 07/01/22 |
145 | 145,886 | ||||||
|
Series A, 5.00%, 11/01/22 |
400 | 406,867 | ||||||
|
Series B, 5.00%, 11/01/22 |
450 | 457,726 | ||||||
|
County of Clark NV RB |
||||||||
|
5.00%, 07/01/22 |
555 | 558,254 | ||||||
|
5.00%, 11/01/22 |
315 | 320,408 | ||||||
|
Series A, 5.00%, 07/01/22 |
470 | 472,755 | ||||||
|
Nevada System of Higher Education RB |
||||||||
|
4.00%, 07/01/22 |
50 | 50,207 | ||||||
|
Series A, 4.00%, 07/01/22 |
25 | 25,103 | ||||||
|
Series B, 5.00%, 07/01/22 |
485 | 487,780 | ||||||
|
State of Nevada GOL |
||||||||
|
Series B, 4.00%, 08/01/22 |
260 | 261,727 | ||||||
|
Series B, 5.00%, 11/01/22 |
80 | 81,373 | ||||||
|
Series C, 5.00%, 08/01/22 |
130 | 131,179 | ||||||
|
State of Nevada Highway Improvement Revenue RB |
||||||||
|
4.00%, 12/01/22 |
550 | 557,621 | ||||||
|
5.00%, 12/01/22 |
120 | 122,350 | ||||||
|
Washoe County School District/NV GOL |
||||||||
|
Series A, 3.00%, 06/01/22 |
105 | 105,151 | ||||||
|
Series A, 5.00%, 06/01/22 (PSF) |
185 | 185,552 | ||||||
|
|
|
|||||||
| 7,652,915 | ||||||||
| New Hampshire — 0.1% | ||||||||
|
New Hampshire Municipal Bond Bank RB |
||||||||
|
Series A, 5.00%, 08/15/22 |
150 | 151,551 | ||||||
|
Series B, 5.00%, 08/15/22 |
110 | 111,109 | ||||||
|
Series D, 4.00%, 08/15/22 |
100 | 100,727 | ||||||
|
State of New Hampshire GO, 5.00%, 12/01/22 |
170 | 173,359 | ||||||
|
|
|
|||||||
| 536,746 | ||||||||
| New Jersey — 2.2% | ||||||||
|
County of Bergen NJ GO, 5.00%, 10/15/22 |
200 | 203,144 | ||||||
|
Monmouth County Improvement Authority (The) RB |
||||||||
|
4.00%, 12/01/22 (GTD) |
125 | 126,747 | ||||||
|
5.00%, 12/01/22 (GTD) |
775 | 790,267 | ||||||
| Security | Par (000) |
Value | ||||||
|
New Jersey (continued) |
||||||||
|
Monmouth County Improvement Authority(The) RB, 5.00%, 10/01/22 |
$ | 135 | $ | 136,983 | ||||
|
New Jersey Economic Development Authority RB |
||||||||
|
5.00%, 06/15/22 |
150 | 150,664 | ||||||
|
Series B, 5.00%, 11/01/22 |
905 | 919,860 | ||||||
|
Series DDD, 5.00%, 06/15/22 |
100 | 100,412 | ||||||
|
Series XX, 4.00%, 06/15/22 |
40 | 40,118 | ||||||
|
Series XX, 5.00%, 06/15/22 (SAP) |
120 | 120,494 | ||||||
|
New Jersey Educational Facilities Authority RB |
||||||||
|
5.00%, 06/15/22 |
100 | 100,412 | ||||||
|
5.00%, 09/01/22 |
100 | 101,139 | ||||||
|
Series A, 5.00%, 07/01/22 |
700 | 704,276 | ||||||
|
Series I, 5.00%, 07/01/22 |
100 | 100,611 | ||||||
|
New Jersey Health Care Facilities Financing Authority RB, Series A, 5.00%, 07/01/22 |
180 | 181,032 | ||||||
|
New Jersey Transportation Trust Fund Authority RB |
||||||||
|
Series A, 5.00%, 06/15/22 |
595 | 597,224 | ||||||
|
Series AA, 5.00%, 06/15/22 |
335 | 336,380 | ||||||
|
Series AA, 5.00%, 06/15/22 (SAP) |
130 | 130,536 | ||||||
|
New Jersey Turnpike Authority RB, Series A, 5.00%, 01/01/43 (PR 07/01/22) |
2,750 | 2,766,619 | ||||||
|
State of New Jersey GO |
||||||||
|
5.25%, 08/01/22 |
175 | 176,555 | ||||||
|
Series T, 5.00%, 06/01/22 |
590 | 591,632 | ||||||
|
|
|
|||||||
| 8,375,105 | ||||||||
| New Mexico — 0.7% | ||||||||
|
Albuquerque Municipal School District No. 12 GO, Series B, 5.00%, 08/01/22 (SAW) |
100 | 100,766 | ||||||
|
County of Santa Fe NM GO, 5.00%, 07/01/22 |
140 | 140,855 | ||||||
|
New Mexico Finance Authority RB |
||||||||
|
5.00%, 06/15/22 |
575 | 577,582 | ||||||
|
Series D, 5.00%, 06/15/22 |
100 | 100,449 | ||||||
|
Series E, 5.00%, 06/15/22 |
125 | 125,561 | ||||||
|
Series SR, 5.00%, 06/15/22 |
360 | 361,616 | ||||||
|
State of New Mexico Severance Tax Permanent Fund RB |
||||||||
|
Series A, 5.00%, 07/01/22 |
510 | 513,091 | ||||||
|
Series B, 4.00%, 07/01/22 |
265 | 266,181 | ||||||
|
Series B, 5.00%, 07/01/22 |
225 | 226,363 | ||||||
|
University of New Mexico (The) RB |
||||||||
|
Series A, 5.00%, 06/01/22 |
200 | 200,598 | ||||||
|
Series C, 5.00%, 06/01/22 |
105 | 105,314 | ||||||
|
|
|
|||||||
| 2,718,376 | ||||||||
| New York — 7.9% | ||||||||
|
Battery Park City Authority RB, SERIES D-2, VRDN,0.44%, 11/01/38 (Put 05/06/22)(b) |
1,900 | 1,900,000 | ||||||
|
City of New York NY GO |
||||||||
|
Series 1, 5.00%, 08/01/22 |
295 | 297,677 | ||||||
|
Series 2015-A, 5.00%, 08/01/22 |
625 | 630,671 | ||||||
|
Series A, 5.00%, 08/01/22 |
605 | 610,489 | ||||||
|
Series B-1, 5.00%, 12/01/22 |
660 | 672,925 | ||||||
|
Series C, 5.00%, 08/01/22 |
1,380 | 1,392,521 | ||||||
|
Series D, 5.00%, 08/01/22 |
415 | 418,765 | ||||||
|
Series E, 5.00%, 08/01/22 |
240 | 242,177 | ||||||
|
Series E, 5.25%, 08/01/22 |
305 | 307,953 | ||||||
|
Series F6, VRDN,0.33%, 06/01/44(b) |
3,000 | 3,000,000 | ||||||
|
Series G, 5.00%, 08/01/22 |
100 | 100,907 | ||||||
|
Series H, 5.00%, 08/01/22 |
285 | 287,586 | ||||||
|
Series I, 5.00%, 08/01/22 |
365 | 368,312 | ||||||
|
Series J, 5.00%, 08/01/22 |
580 | 585,262 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
19 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Long Island Power Authority RB |
||||||||
|
5.00%, 09/01/22 |
$ | 100 | $ | 101,169 | ||||
|
Series B, 5.00%, 09/01/22 |
220 | 222,608 | ||||||
|
Metropolitan Transportation Authority RB |
||||||||
|
Series A, 5.00%, 11/15/22 |
110 | 111,901 | ||||||
|
Series A-1, 5.00%, 11/15/22 |
230 | 233,578 | ||||||
|
Series A-2, 5.00%, 11/15/22 |
300 | 304,667 | ||||||
|
Series B, 5.00%, 11/15/22 |
700 | 710,887 | ||||||
|
Series B, 5.25%, 11/15/22 (AMBAC) |
35 | 35,611 | ||||||
|
Series B-2, 5.00%, 11/15/22 |
595 | 604,255 | ||||||
|
Series C, 5.00%, 11/15/22 |
290 | 294,511 | ||||||
|
Series C, 5.00%, 11/15/22 (ETM) |
20 | 20,366 | ||||||
|
Series D, 5.00%, 11/15/22 |
45 | 45,700 | ||||||
|
Series D-1, 5.00%, 11/01/22 |
680 | 689,954 | ||||||
|
Series E, 5.00%, 11/15/22 |
125 | 126,944 | ||||||
|
Series F, 5.00%, 11/15/22 |
515 | 523,011 | ||||||
|
Series H, 4.00%, 11/15/22 |
115 | 116,182 | ||||||
|
Series H, 4.00%, 11/15/22 (ETM) |
40 | 40,520 | ||||||
|
Nassau County Interim Finance Authority RB |
||||||||
|
4.00%, 11/15/22 |
5 | 5,065 | ||||||
|
4.00%, 11/15/22 (ETM) |
120 | 121,496 | ||||||
|
New York City Transitional Finance Authority Building Aid Revenue RB |
||||||||
|
Series S-1, 4.00%, 07/15/22 (SAW) |
115 | 115,625 | ||||||
|
Series S-1, 5.00%, 07/15/22 (ETM SAW) |
115 | 115,863 | ||||||
|
Series S-2, 5.00%, 07/15/22 (ETM SAW) |
25 | 25,188 | ||||||
|
New York City Transitional Finance Authority Future Tax Secured Revenue RB |
||||||||
|
3.00%, 11/01/22 |
115 | 115,851 | ||||||
|
5.00%, 11/01/22 |
305 | 310,252 | ||||||
|
Series A-1, 5.00%, 08/01/22 |
245 | 247,229 | ||||||
|
Series A-1, 5.00%, 11/01/22 |
440 | 447,576 | ||||||
|
Series B, 5.00%, 11/01/22 |
385 | 391,629 | ||||||
|
Series B-1, 4.00%, 08/01/22 |
70 | 70,458 | ||||||
|
Series B-1, 5.00%, 08/01/22 |
375 | 378,412 | ||||||
|
Series B-1, 5.00%, 11/01/22 |
110 | 111,894 | ||||||
|
Series C, 5.00%, 11/01/22 |
815 | 829,034 | ||||||
|
Series C1, 5.00%, 05/01/22 |
95 | 95,000 | ||||||
|
Series D, 5.00%, 11/01/22 |
205 | 208,530 | ||||||
|
Serise C-1, 4.00%, 11/01/22 |
100 | 101,231 | ||||||
|
New York City Water & Sewer System RB |
||||||||
|
Series B, VRDN,0.35%, 06/15/50(b) |
3,100 | 3,100,000 | ||||||
|
Series CC-2, 5.00%, 06/15/22 |
325 | 326,457 | ||||||
|
Series DD, 4.00%, 06/15/22 |
60 | 60,199 | ||||||
|
Series DD-2, 5.00%, 06/15/22 |
260 | 261,160 | ||||||
|
Series EE, 4.00%, 06/15/22 |
205 | 205,682 | ||||||
|
Series FF, 5.00%, 06/15/23 (PR 06/15/22) |
50 | 50,218 | ||||||
|
New York Convention Center Development Corp. RB, 5.00%, 11/15/22 |
205 | 208,586 | ||||||
|
New York Municipal Bond Bank Agency RB, 5.00%, 12/01/22 (SAW) |
65 | 66,281 | ||||||
|
New York Power Authority RB, Series A, 5.00%, 11/15/22 |
25 | 25,457 | ||||||
|
New York State Dormitory Authority RB |
||||||||
|
5.00%, 05/15/22 |
225 | 225,291 | ||||||
|
Series A, 0.00%, 05/15/22 (NPFGC)(a) |
45 | 44,981 | ||||||
|
Series A, 5.00%, 07/01/22 |
1,110 | 1,116,664 | ||||||
|
Series A, 5.00%, 10/01/22 |
315 | 319,626 | ||||||
|
Series A, 5.00%, 10/01/22 (SAW) |
240 | 243,174 | ||||||
|
Series A, 5.50%, 05/15/22 (AMBAC) |
125 | 125,182 | ||||||
|
Series B, 4.00%, 10/01/22 |
75 | 75,795 | ||||||
| Security | Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Series B, 4.00%, 10/01/22 (SAW) |
$ | 125 | $ | 126,289 | ||||
|
Series F, 5.00%, 10/01/22 (AGM) |
240 | 243,395 | ||||||
|
Series H, 5.00%, 10/01/22 (SAW) |
100 | 101,344 | ||||||
|
New York State Environmental Facilities Corp. RB |
||||||||
|
5.00%, 06/15/22 |
610 | 612,738 | ||||||
|
Series A, 5.00%, 06/15/22 |
1,140 | 1,145,118 | ||||||
|
Series B, 4.00%, 11/15/22 |
80 | 81,045 | ||||||
|
Series B, 5.00%, 05/15/22 |
100 | 100,130 | ||||||
|
Port Authority of New York & New Jersey, 5.00%, 07/15/22 |
230 | 231,684 | ||||||
|
Port Authority of New York & New Jersey RB |
||||||||
|
Series 179, 5.00%, 12/01/22 |
275 | 280,241 | ||||||
|
Series 189, 5.00%, 05/01/22 |
60 | 60,000 | ||||||
|
Series 194, 5.00%, 10/15/22 |
185 | 187,849 | ||||||
|
Series 205, 5.00%, 11/15/22 |
200 | 203,563 | ||||||
|
Sales Tax Asset Receivable Corp. RB, Series A, 5.00%, 10/15/22 |
550 | 558,693 | ||||||
|
Triborough Bridge & Tunnel Authority RB |
||||||||
|
Series A, 4.00%, 11/15/22 |
200 | 202,537 | ||||||
|
Series A, 5.00%, 11/15/22 |
460 | 467,823 | ||||||
|
Series B, 5.00%, 11/15/22 |
765 | 778,751 | ||||||
|
Series B-1, 5.00%, 11/15/22 |
235 | 239,224 | ||||||
|
|
|
|||||||
| 30,762,619 | ||||||||
| North Carolina — 1.8% | ||||||||
|
City of Charlotte NC COP, Series C, 4.00%, 06/01/22 |
30 | 30,067 | ||||||
|
City of Charlotte NC GO |
||||||||
|
5.00%, 12/01/22 |
270 | 275,272 | ||||||
|
Series A, 5.00%, 07/01/22 |
355 | 357,162 | ||||||
|
City of Charlotte NC Water & Sewer System Revenue RB, 5.00%, 07/01/22 |
125 | 125,762 | ||||||
|
City of Durham NC GO, 5.00%, 09/01/22 |
125 | 126,486 | ||||||
|
City of Greensboro NC GO, Series B, 5.00%, 10/01/22 |
100 | 101,464 | ||||||
|
City of Raleigh NC GO, Series A, 5.00%, 09/01/22 |
250 | 252,971 | ||||||
|
City of Raleigh NC GOL, Series A, 4.00%, 10/01/22 |
145 | 146,526 | ||||||
|
County of Buncombe NC, 5.00%, 06/01/22 |
375 | 376,127 | ||||||
|
County of Buncombe NC GO, 5.00%, 06/01/22 |
100 | 100,301 | ||||||
|
County of Buncombe NC RB, 5.00%, 06/01/22 |
45 | 45,135 | ||||||
|
County of Durham NC GO, 5.00%, 10/01/22 |
385 | 390,654 | ||||||
|
County of Forsyth NC GO, 5.00%, 12/01/22 |
275 | 280,385 | ||||||
|
County of Guilford NC GO |
||||||||
|
Series A, 5.00%, 05/01/22 |
260 | 260,000 | ||||||
|
Series D, 5.00%, 08/01/22 |
115 | 116,058 | ||||||
|
County of Mecklenburg NC GO |
||||||||
|
5.25%, 12/01/22 |
100 | 102,113 | ||||||
|
Series A, 5.00%, 09/01/22 |
135 | 136,613 | ||||||
|
Series B, 5.00%, 12/01/22 |
120 | 122,364 | ||||||
|
County of Mecklenburg NC RB, Series A, 5.00%, 10/01/22 |
170 | 172,497 | ||||||
|
County of New Hanover NC GO, 5.00%, 08/01/22 |
400 | 403,540 | ||||||
|
County of Wake NC GO, 5.00%, 05/01/22 |
140 | 140,000 | ||||||
|
County of Wake NC RB, Series A, 5.00%, 12/01/22 |
330 | 336,366 | ||||||
|
North Carolina Medical Care Commission RB, Series A, 5.00%, 10/01/22 |
215 | 218,104 | ||||||
|
State of North Carolina GO |
||||||||
|
Series A, 5.00%, 06/01/22 |
605 | 606,828 | ||||||
|
Series B, 5.00%, 06/01/22 |
200 | 200,604 | ||||||
|
Series C, 5.00%, 05/01/22 |
500 | 500,000 | ||||||
|
Series D, 4.00%, 06/01/22 |
605 | 606,360 | ||||||
| 20 |
2 0 2 2 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2022 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
North Carolina (continued) |
||||||||
|
State of North Carolina RB |
||||||||
|
Series B, 5.00%, 05/01/22 |
$ | 250 | $ | 250,000 | ||||
|
Series C, 5.00%, 05/01/22 |
345 | 345,000 | ||||||
|
|
|
|||||||
| 7,124,759 | ||||||||
| North Dakota — 0.1% | ||||||||
|
North Dakota Public Finance Authority RB, 5.00%, 10/01/22 |
350 | 355,111 | ||||||
|
|
|
|||||||
| Ohio — 6.7% | ||||||||
|
City of Cincinnati OH GO, Series A, 4.00%, 12/01/22 |
50 | 50,690 | ||||||
|
City of Cincinnati OH Water System Revenue RB, Series B, 5.00%, 12/01/22 |
90 | 91,762 | ||||||
|
City of Columbus OH GO |
||||||||
|
Series 1, 5.00%, 07/01/22 |
205 | 206,252 | ||||||
|
Series A, 5.00%, 08/15/22 |
520 | 525,407 | ||||||
|
Series A, 5.00%, 02/15/23 (PR 08/15/22) |
770 | 778,010 | ||||||
|
Series A, 5.00%, 02/15/26 (PR 08/15/22) |
1,000 | 1,010,403 | ||||||
|
City of Columbus OH GOL |
||||||||
|
4.00%, 07/01/22 |
65 | 65,293 | ||||||
|
Series 6, 5.00%, 08/15/22 |
180 | 181,872 | ||||||
|
Serise B, 3.00%, 07/01/22 |
330 | 330,959 | ||||||
|
County of Franklin OH GOL, 5.00%, 06/01/22 |
210 | 210,631 | ||||||
|
County of Franklin OH Sales Tax Revenue RB, 5.00%, 06/01/22 |
200 | 200,601 | ||||||
|
County of Hamilton OH Sales Tax Revenue RB, Series A, 5.00%, 12/01/22 |
1,995 | 2,034,883 | ||||||
|
Kent State University RB, Series A, 4.00%, 05/01/22 |
50 | 50,000 | ||||||
|
Miami University/Oxford OH RB, 5.00%, 09/01/22 |
125 | 126,427 | ||||||
|
Ohio Higher Educational Facility Commission RB |
||||||||
|
5.00%, 12/01/22 |
115 | 117,192 | ||||||
|
Series A, 5.00%, 12/01/22 |
60 | 61,161 | ||||||
|
Ohio State University (The) RB |
||||||||
|
5.00%, 12/01/22 |
315 | 321,077 | ||||||
|
VRDN,0.38%, 12/01/39 (Put 05/06/22)(b) |
2,000 | 2,000,000 | ||||||
|
Series D, 5.00%, 12/01/22 |
1,065 | 1,085,544 | ||||||