|
|
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 | ||||||
|
Serise A, 5.00%, 12/01/22 |
625 | 637,057 | ||||||
|
Ohio University RB, 5.00%, 12/01/43 (PR 12/01/22) |
2,425 | 2,471,921 | ||||||
|
Ohio Water Development Authority RB |
||||||||
|
5.00%, 06/01/22 |
135 | 135,388 | ||||||
|
5.00%, 12/01/22 |
175 | 178,376 | ||||||
|
5.50%, 12/01/22 |
175 | 178,877 | ||||||
|
Series A, 5.00%, 06/01/22 |
215 | 215,619 | ||||||
|
Series A, 5.00%, 12/01/22 |
120 | 122,315 | ||||||
|
Ohio Water Development Authority Water Pollution Control Loan Fund RB |
||||||||
|
5.00%, 12/01/22 |
820 | 835,866 | ||||||
|
VRDN,0.44%, 12/01/36 (Put 05/06/22)(b) |
4,000 | 4,000,000 | ||||||
|
Series 2015-A, 5.00%, 06/01/22 |
160 | 160,462 | ||||||
|
Series 2015-A, 5.00%, 12/01/22 |
230 | 234,450 | ||||||
|
Series B, 5.00%, 12/01/22 |
90 | 91,741 | ||||||
|
South-Western City School District GO, 5.00%, 12/01/36 (PR 06/01/22) |
1,800 | 1,805,381 | ||||||
|
State of Ohio GO |
||||||||
|
Series A, 5.00%, 08/01/22 |
160 | 161,364 | ||||||
|
Series A, 5.00%, 09/01/22 |
225 | 227,509 | ||||||
|
Series A, 5.00%, 09/15/22 |
485 | 490,986 | ||||||
|
Series B, 4.00%, 11/01/22 |
100 | 101,226 | ||||||
|
Series B, 5.00%, 08/01/22 |
635 | 640,414 | ||||||
|
Series B, 5.00%, 09/01/22 |
270 | 273,011 | ||||||
|
Series C, 4.25%, 09/15/22 |
220 | 222,115 | ||||||
|
Series C, 5.00%, 08/01/22 |
290 | 292,472 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Ohio (continued) |
||||||||
|
Series C, 5.00%, 09/15/22 |
$ | 100 | $ | 101,234 | ||||
|
Series C, 5.00%, 11/01/22 |
100 | 101,717 | ||||||
|
Series Q, 5.00%, 05/01/22 |
85 | 85,000 | ||||||
|
Series Q, 5.00%, 05/01/26 (PR 05/01/22) |
1,225 | 1,225,000 | ||||||
|
Series T, 5.00%, 11/01/22 |
160 | 162,763 | ||||||
|
Series U, 5.00%, 10/01/22 |
200 | 202,921 | ||||||
|
State of Ohio RB |
||||||||
|
5.00%, 10/01/22 |
200 | 202,896 | ||||||
|
Series A, 5.00%, 12/01/22 |
500 | 509,704 | ||||||
|
Series B, 5.00%, 10/01/22 |
250 | 253,620 | ||||||
|
|
|
|||||||
| 25,769,569 | ||||||||
| Oklahoma — 0.4% | ||||||||
|
Grand River Dam Authority RB |
||||||||
|
Series A, 4.00%, 06/01/22 |
125 | 125,274 | ||||||
|
Series A, 5.00%, 06/01/22 |
440 | 441,305 | ||||||
|
Oklahoma Capitol Improvement Authority RB 5.00%, 07/01/22 |
245 | 246,493 | ||||||
|
Series A, 5.00%, 07/01/22 |
395 | 397,407 | ||||||
|
Series C, 4.00%, 07/01/22 |
115 | 115,516 | ||||||
|
Oklahoma City Water Utilities Trust RB, 5.00%, 07/01/22 |
120 | 120,735 | ||||||
|
University of Oklahoma (The) RB, Series C, 5.00%, 07/01/22 |
110 | 110,654 | ||||||
|
|
|
|||||||
| 1,557,384 | ||||||||
| Oregon — 1.4% | ||||||||
|
City of Eugene OR Water Utility System Revenue RB, 5.00%, 08/01/22 |
65 | 65,591 | ||||||
|
City of Portland OR Sewer System Revenue RB |
||||||||
|
Series B, 5.00%, 06/15/22 |
300 | 301,279 | ||||||
|
Series B, 5.00%, 10/01/22 |
175 | 177,425 | ||||||
|
City of Portland OR Water System Revenue RB, 5.00%, 10/01/22 |
50 | 50,693 | ||||||
|
Clackamas & Washington Counties School District No. 3 GO, Series A, 0.00%, 06/15/22 (NPFGC GTD)(a) |
110 | 109,834 | ||||||
|
Clackamas Community College District GO, Series B, 0.00%, 06/15/22 (GTD)(a) |
50 | 49,929 | ||||||
|
Clackamas County School District No. 12 North Clackamas GO, 5.00%, 06/15/22 (GTD) |
100 | 100,449 | ||||||
|
Clackamas County Service District No. 1 RB, 5.00%, 12/01/22 |
75 | 76,469 | ||||||
|
County of Clackamas OR GO, Series B, 5.00%, 06/01/22 |
125 | 125,379 | ||||||
|
County of Washington OR GOL, 5.00%, 06/01/22 |
50 | 50,151 | ||||||
|
Lane County School District No. 4J Eugene GO, 5.00%, 06/15/22 (GTD) |
450 | 451,962 | ||||||
|
Port of Portland OR Airport Revenue RB, Series 23, 5.00%, 07/01/22 |
300 | 301,709 | ||||||
|
Portland Community College District GO, 5.00%, 06/15/22 |
465 | 467,082 | ||||||
|
Salem-Keizer School District No. 24J GO, Series B, 0.00%, 06/15/22 (GTD)(a) |
330 | 329,448 | ||||||
|
State of Oregon Department of Transportation RB, Series A, 5.00%, 11/15/22 |
635 | 646,893 | ||||||
|
State of Oregon GO |
||||||||
|
4.00%, 11/01/22 |
175 | 177,128 | ||||||
|
Series A, 5.00%, 05/01/22 |
145 | 145,000 | ||||||
|
Series A, 5.00%, 08/01/22 |
50 | 50,451 | ||||||
|
Series D, 5.00%, 05/01/22 |
225 | 225,000 | ||||||
|
Series F, 5.00%, 05/01/22 |
25 | 25,000 | ||||||
|
Series I, 5.00%, 08/01/22 |
360 | 363,248 | ||||||
|
Series L, 5.00%, 08/01/22 |
100 | 100,902 | ||||||
|
Series N, 5.00%, 08/01/22 |
400 | 403,589 | ||||||
|
Serise A, 5.00%, 05/01/22 |
100 | 100,000 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
21 |
|
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 | ||||||
|
Oregon (continued) |
||||||||
|
Tri-County Metropolitan Transportation District of Oregon RB, Series A, 5.00%, 09/01/22 |
$ | 300 | $ | 303,566 | ||||
|
Washington & Multnomah Counties School District No. 48J Beaverton GO, 5.00%, 06/15/22 (GTD) |
50 | 50,225 | ||||||
|
|
|
|||||||
| 5,248,402 | ||||||||
| Pennsylvania — 1.9% | ||||||||
|
Bucks County Water & Sewer Authority RB, 4.00%, 06/01/22 (BAM) |
100 | 100,214 | ||||||
|
City of Philadelphia PA Airport Revenue RB, Series A, 5.00%, 07/01/22 |
200 | 201,107 | ||||||
|
City of Philadelphia PA Water & Wastewater Revenue RB, Series B, 5.00%, 07/01/22 |
440 | 442,674 | ||||||
|
Commonwealth of Pennsylvania GO |
||||||||
|
5.00%, 07/15/22 |
200 | 201,448 | ||||||
|
First Series, 5.00%, 06/01/22 |
360 | 361,076 | ||||||
|
First Series, 5.00%, 06/15/22 |
125 | 125,540 | ||||||
|
First Series, 5.00%, 07/01/22 |
875 | 880,159 | ||||||
|
First Series, 5.00%, 09/15/22 |
320 | 324,211 | ||||||
|
Second Series, 5.00%, 08/15/22 |
130 | 131,333 | ||||||
|
Second Series, 5.00%, 09/15/22 |
100 | 101,316 | ||||||
|
Second Series, 5.00%, 10/15/22 |
100 | 101,581 | ||||||
|
County of Montgomery GO, 5.00%, 05/01/22 |
200 | 200,000 | ||||||
|
County of Montgomery PA GO, Series A, 5.00%, 08/15/22 |
125 | 126,303 | ||||||
|
Delaware River Joint Toll Bridge Commission RB, 5.00%, 07/01/22 |
95 | 95,574 | ||||||
|
Lower Merion School District GOL, 5.00%, 09/15/22 (SAW) |
365 | 369,817 | ||||||
|
Pennsylvania Higher Educational Facilities Authority RB, Series A, 4.00%, 12/01/22 |
110 | 111,524 | ||||||
|
Pennsylvania Intergovernmental Cooperation Authority RB, 5.00%, 06/15/22 |
130 | 130,579 | ||||||
|
Pennsylvania Turnpike Commission RB |
||||||||
|
5.00%, 12/01/22 |
200 | 203,881 | ||||||
|
Series A, 5.00%, 12/01/37 (PR 12/01/22) |
2,000 | 2,038,698 | ||||||
|
Series A-1, 5.00%, 12/01/22 |
415 | 422,546 | ||||||
|
Series B, 5.00%, 06/01/22 |
150 | 150,435 | ||||||
|
Series B, 5.00%, 12/01/22 |
120 | 122,182 | ||||||
|
Philadelphia Gas Works Co. RB, 5.00%, 08/01/22 |
100 | 100,783 | ||||||
|
Pittsburgh Water & Sewer Authority RB, Series A, 5.00%, 09/01/22 |
300 | 303,346 | ||||||
|
West Chester Area School District/PA GO, Series AA, 4.00%, 05/15/22 (SAW) |
185 | 185,178 | ||||||
|
|
|
|||||||
| 7,531,505 | ||||||||
| Rhode Island — 1.0% | ||||||||
|
Rhode Island Commerce Corp. RB, Series A, 5.00%, 06/15/22 |
765 | 768,334 | ||||||
|
Rhode Island Health & Educational Building Corp. RB, 5.00%, 09/01/22 |
1,055 | 1,067,538 | ||||||
|
Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund RB |
||||||||
|
Series B, 5.00%, 10/01/22 |
800 | 811,683 | ||||||
|
Series C, 5.00%, 10/01/22 |
205 | 207,994 | ||||||
|
Serise A, 5.00%, 10/01/22 |
160 | 162,336 | ||||||
|
State of Rhode Island COP, Series A, 5.00%, 10/01/22 |
400 | 405,592 | ||||||
|
State of Rhode Island GO |
||||||||
|
Series A, 5.00%, 05/01/22 |
195 | 195,000 | ||||||
|
Series A, 5.00%, 08/01/22 |
325 | 327,941 | ||||||
|
|
|
|||||||
| 3,946,418 | ||||||||
| South Carolina — 0.5% | ||||||||
|
Charleston Educational Excellence Finance Corp. RB, 5.00%, 12/01/22 |
300 | 305,822 | ||||||
| Security |
Par (000) |
Value | ||||||
|
South Carolina (continued) |
||||||||
|
County of Charleston SC GO, 5.00%, 11/01/22 |
$ | 200 | $ | 203,384 | ||||
|
Greenville County School District RB, 5.00%, 12/01/22 |
180 | 183,536 | ||||||
|
SCAGO Educational Facilities Corp. for Pickens School District RB, 5.00%, 12/01/22 |
70 | 71,338 | ||||||
|
South Carolina Public Service Authority RB, Series A, 5.00%, 12/01/22 |
195 | 198,659 | ||||||
|
South Carolina Transportation Infrastructure Bank RB, Series B, 5.00%, 10/01/22 |
625 | 633,997 | ||||||
|
State of South Carolina GO, Series A, 5.00%, 10/01/22 |
245 | 248,588 | ||||||
|
University of South Carolina RB, 5.00%, 05/01/22 |
70 | 70,000 | ||||||
|
|
|
|||||||
| 1,915,324 | ||||||||
| Tennessee — 1.4% | ||||||||
|
City of Memphis TN Electric System Revenue, 5.00%, 12/01/22 |
100 | 101,929 | ||||||
|
City of Memphis TN Electric System Revenue RB, 4.00%, 12/01/22 |
135 | 136,831 | ||||||
|
County of Hamilton TN GO, Series A, 5.00%, 05/01/22 |
195 | 195,000 | ||||||
|
County of Knox TN GO, Series B, 5.00%, 06/01/22 |
210 | 210,621 | ||||||
|
Metropolitan Government Nashville & Davidson County Health & Educational Facility Building RB, Series D, 5.00%, 10/01/22 |
105 | 106,472 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN GO |
||||||||
|
5.00%, 07/01/22 |
645 | 648,856 | ||||||
|
Series A, 5.00%, 07/01/22 |
45 | 45,269 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB, 5.00%, 07/01/22 |
565 | 568,372 | ||||||
|
State of Tennessee GO |
||||||||
|
Series A, 5.00%, 08/01/22 |
880 | 888,203 | ||||||
|
Series A, 5.00%, 09/01/22 |
1,630 | 1,649,916 | ||||||
|
Tennessee State School Bond Authority RB 5.00%, 11/01/22 |
175 | 178,004 | ||||||
|
Series A, 5.00%, 11/01/22 |
360 | 366,181 | ||||||
|
Series B, 5.00%, 11/01/22 |
165 | 167,833 | ||||||
|
|
|
|||||||
| 5,263,487 | ||||||||
| Texas — 8.7% | ||||||||
|
Austin Community College District GOL, 5.00%, 08/01/22 |
90 | 90,810 | ||||||
|
Austin Community College District Public Facility Corp. RB, 5.00%, 08/01/22 |
115 | 116,032 | ||||||
|
Austin Independent School District GO |
||||||||
|
5.00%, 08/01/22 (PSF) |
1,510 | 1,523,700 | ||||||
|
Series A, 5.00%, 08/01/22 |
260 | 262,359 | ||||||
|
Series B, 5.00%, 08/01/22 |
75 | 75,591 | ||||||
|
Series B, 5.00%, 08/01/22 (PSF) |
90 | 90,817 | ||||||
|
Board of Regents of the University of Texas System RB |
||||||||
|
VRDN,0.40%, 08/01/25 (Put 05/06/22)(b) |
5,000 | 5,000,000 | ||||||
|
Series A, 5.00%, 08/15/22 |
345 | 348,518 | ||||||
|
Series B, 5.00%, 08/15/22 |
150 | 151,530 | ||||||
|
Central Texas Turnpike System RB |
||||||||
|
Series A, 0.00%, 08/15/22 (AMBAC)(a) |
180 | 179,060 | ||||||
|
Series A, 5.00%, 08/15/41 (PR 08/15/22) |
185 | 186,898 | ||||||
|
City of Arlington TX GOL, 5.00%, 08/15/22 |
105 | 106,086 | ||||||
|
City of Austin TX Electric Utility Revenue RB, Series A, 5.00%, 11/15/22 |
715 | 728,084 | ||||||
|
City of Austin TX GOL |
||||||||
|
4.50%, 09/01/22 |
175 | 176,795 | ||||||
|
5.00%, 09/01/22 |
445 | 450,289 | ||||||
|
5.00%, 09/01/22 (ETM) |
5 | 5,057 | ||||||
|
Series A, 5.00%, 09/01/22 |
180 | 182,139 | ||||||
| 22 |
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 | ||||||
|
Texas (continued) |
||||||||
|
City of Austin TX Water & Wastewater System Revenue RB |
||||||||
|
5.00%, 11/15/22 |
$ | 270 | $ | 274,843 | ||||
|
Series A, 5.00%, 05/15/22 |
135 | 135,174 | ||||||
|
Series A, 5.00%, 05/15/22 (ETM) |
25 | 25,031 | ||||||
|
Series A, 5.00%, 11/15/22 |
725 | 738,149 | ||||||
|
City of Carrollton TX GOL, 5.00%, 08/15/22 |
175 | 176,810 | ||||||
|
City of Corpus Christi TX Utility System Revenue RB, Series C, 5.00%, 07/15/22 |
45 | 45,334 | ||||||
|
City of Dallas TX Waterworks & Sewer System Revenue RB |
||||||||
|
Series A, 5.00%, 10/01/22 |
445 | 451,424 | ||||||
|
Serise C, 5.00%, 10/01/22 |
200 | 202,887 | ||||||
|
City of El Paso TX GOL, 5.00%, 08/15/22 |
130 | 131,356 | ||||||
|
City of Houston TX Airport System Revenue RB, Series B, 5.00%, 07/01/22 |
125 | 125,712 | ||||||
|
City of Houston TX Combined Utility System Revenue RB |
||||||||
|
Series B, 5.00%, 11/15/22 |
370 | 376,631 | ||||||
|
Series C, 5.00%, 05/15/22 |
505 | 505,642 | ||||||
|
Series D, 5.00%, 11/15/22 |
125 | 127,240 | ||||||
|
City of Houston TX Hotel Occupancy Tax RB, 5.00%, 09/01/22 |
80 | 80,791 | ||||||
|
City of McKinney TX GOL, 5.00%, 08/15/22 |
250 | 252,600 | ||||||
|
City of Plano TX GOL |
||||||||
|
5.00%, 09/01/22 |
485 | 490,764 | ||||||
|
Series A, 5.00%, 09/01/22 |
125 | 126,486 | ||||||
|
College Station Independent School District GO, 5.00%, 08/15/22 (PSF) |
100 | 100,991 | ||||||
|
County of Harris TX GOL |
||||||||
|
Series A, 5.00%, 10/01/22 |
695 | 705,091 | ||||||
|
Series B, 5.00%, 10/01/22 |
85 | 86,234 | ||||||
|
County of Harris TX RB |
||||||||
|
Series A, 5.00%, 08/15/22 |
195 | 197,016 | ||||||
|
Series B, 5.00%, 08/15/22 |
185 | 186,913 | ||||||
|
County of Tarrant TX GOL, 5.00%, 07/15/22 |
405 | 408,048 | ||||||
|
Dallas Area Rapid Transit RB |
||||||||
|
Series A, 5.00%, 12/01/22 |
460 | 469,008 | ||||||
|
Series B, 4.00%, 12/01/22 |
150 | 152,122 | ||||||
|
Series B, 5.00%, 12/01/22 |
1,420 | 1,447,807 | ||||||
|
Dallas Independent School District GO, Series A, 5.00%, 08/15/22 (PSF) |
125 | 126,282 | ||||||
|
Dallas/Fort Worth International Airport RB |
||||||||
|
Series C, 5.00%, 11/01/22 |
360 | 365,732 | ||||||
|
Series E, 5.00%, 11/01/22 |
155 | 157,468 | ||||||
|
Series F, 5.00%, 11/01/22 |
295 | 299,697 | ||||||
|
Series G, 5.00%, 11/01/22 |
25 | 25,398 | ||||||
|
Eagle Mountain & Saginaw Independent School District GO, Series A, 5.00%, 08/15/22 (PSF) |
95 | 95,988 | ||||||
|
Fort Bend Independent School District GO |
||||||||
|
5.00%, 08/15/22 (PSF) |
200 | 202,057 | ||||||
|
Series A, 5.00%, 08/15/22 (PSF) |
80 | 80,823 | ||||||
|
Frisco Independent School District GO |
||||||||
|
4.00%, 08/15/22 (PSF) |
40 | 40,288 | ||||||
|
5.00%, 08/15/22 (PSF) |
165 | 166,654 | ||||||
|
Harris County Cultural Education Facilities Finance Corp. RB |
||||||||
|
5.00%, 10/01/22 |
105 | 106,490 | ||||||
|
5.00%, 11/15/22 |
25 | 25,431 | ||||||
|
Harris County Toll Road Authority (The) RB, Series A, 5.00%, 08/15/22 |
340 | 343,516 | ||||||
|
Keller Independent School District/TX GO |
||||||||
|
5.00%, 08/15/22 (PSF) |
30 | 30,313 | ||||||
|
Series A, 5.00%, 08/15/22 (PSF) |
45 | 45,469 | ||||||
|
Klein Independent School District GO, 5.00%, 08/01/22 (PSF) |
125 | 126,115 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Leander Independent School District GO |
||||||||
|
Series A, 0.00%, 08/15/22 (PSF)(a) |
$ | 135 | $ | 134,474 | ||||
|
Series B, 0.00%, 08/15/22(a) |
50 | 49,768 | ||||||
|
Lewisville Independent School District GO |
||||||||
|
0.00%, 08/15/22 (PSF)(a) |
500 | 498,134 | ||||||
|
5.00%, 08/15/22 (PSF) |
155 | 156,563 | ||||||
|
Series A, 4.00%, 08/15/22 (PSF) |
140 | 141,018 | ||||||
|
Series A, 5.00%, 08/15/22 (PSF) |
45 | 45,454 | ||||||
|
Lone Star College System GOL, 5.00%, 09/15/22 |
215 | 217,789 | ||||||
|
Lower Colorado River Authority RB |
||||||||
|
5.00%, 05/15/22 |
500 | 500,617 | ||||||
|
Series B, 5.00%, 05/15/22 |
130 | 130,162 | ||||||
|
Series D, 5.00%, 05/15/22 |
125 | 125,153 | ||||||
|
Mesquite Independent School District GO, Series C, 5.00%, 08/15/22 (PSF) |
115 | 116,196 | ||||||
|
Metropolitan Transit Authority of Harris County RB |
||||||||
|
5.00%, 11/01/22 |
120 | 121,940 | ||||||
|
Series B, 5.00%, 11/01/22 |
120 | 121,940 | ||||||
|
Midway Independent School District/McLennan County GO, 5.00%, 08/01/22 (PSF) |
145 | 146,316 | ||||||
|
North Central Texas Health Facility Development Corp. RB, 5.00%, 08/15/22 |
20 | 20,205 | ||||||
|
North East Independent School District/TX GO, 5.00%, 08/01/22 (PSF) |
55 | 55,495 | ||||||
|
North Texas Municipal Water District RB |
||||||||
|
5.00%, 06/01/22 |
355 | 356,070 | ||||||
|
6.25%, 06/01/22 |
85 | 85,338 | ||||||
|
North Texas Municipal Water District Water System Revenue RB, 5.00%, 09/01/22 |
280 | 283,319 | ||||||
|
Northside Independent School District GO |
||||||||
|
5.00%, 06/15/22 (PSF) |
390 | 391,751 | ||||||
|
5.00%, 08/15/22 (PSF) |
480 | 485,005 | ||||||
|
Series A, 5.00%, 06/01/22 (PSF) |
75 | 75,227 | ||||||
|
Permanent University Fund - Texas A&M University System RB, Series A, 5.00%, 07/01/22 |
100 | 100,611 | ||||||
|
Permanent University Fund - University of Texas System RB, Series A, 5.00%, 07/01/22 |
100 | 100,611 | ||||||
|
Permanent University Fund RB - Texas A&M University System, 5.00%, 07/01/22 |
330 | 332,016 | ||||||
|
Port Authority of Houston of Harris County Texas GO, Series A, 5.00%, 10/01/22 |
140 | 142,044 | ||||||
|
San Antonio Independent School District/TX GO, 5.00%, 08/15/22 (PSF) |
100 | 101,005 | ||||||
|
San Antonio Water System RB |
||||||||
|
5.00%, 05/15/22 |
65 | 65,084 | ||||||
|
5.00%, 05/15/22 (ETM) |
105 | 105,133 | ||||||
|
Series A, 5.00%, 05/15/22 |
435 | 435,564 | ||||||
|
Series A, 5.00%, 05/15/22 (ETM) |
185 | 185,234 | ||||||
|
Series B, 5.00%, 05/15/22 |
200 | 200,260 | ||||||
|
Southwest Higher Education Authority Inc. RB, Series SE, 5.00%, 10/01/22 |
55 | 55,783 | ||||||
|
Spring Independent School District GO |
||||||||
|
5.00%, 08/15/22 (BAM) |
100 | 101,057 | ||||||
|
5.00%, 08/15/22 (PSF) |
250 | 252,643 | ||||||
|
State of Texas GO |
||||||||
|
5.00%, 10/01/22 |
890 | 902,997 | ||||||
|
Series A, 5.00%, 10/01/22 |
1,095 | 1,110,991 | ||||||
|
Tarrant County Cultural Education Facilities Finance Corp. RB |
||||||||
|
5.00%, 10/01/22 |
105 | 106,516 | ||||||
|
5.00%, 12/01/22 |
45 | 45,871 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
23 |
|
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 | ||||||
|
Texas (continued) |
||||||||
|
Tarrant Regional Water District RB, 5.00%, 09/01/22 |
$ | 145 | $ | 146,723 | ||||
|
Texas A&M University RB |
||||||||
|
Series A, 5.00%, 05/15/22 |
75 | 75,097 | ||||||
|
Series B, 5.00%, 05/15/22 |
20 | 20,026 | ||||||
|
Series D, 5.00%, 05/15/22 |
265 | 265,343 | ||||||
|
Series E, 5.00%, 05/15/22 |
400 | 400,518 | ||||||
|
Serise C, 5.00%, 05/15/22 |
100 | 100,130 | ||||||
|
Texas Transportation Commission State Highway Fund RB |
||||||||
|
First Series, 5.00%, 10/01/22 |
990 | 1,004,498 | ||||||
|
Series A, 5.00%, 10/01/22 |
240 | 243,515 | ||||||
|
Texas Water Development Board RB |
||||||||
|
3.00%, 10/15/22 |
1,000 | 1,006,876 | ||||||
|
5.00%, 08/01/22 |
230 | 232,087 | ||||||
|
5.00%, 10/15/22 |
160 | 162,530 | ||||||
|
Trinity River Authority Central Regional Wastewater System Revenue RB, 5.00%, 08/01/22 |
440 | 443,904 | ||||||
|
University of Texas System (The) RB |
||||||||
|
Series A, 5.00%, 08/15/22 |
295 | 298,008 | ||||||
|
Series C, 5.00%, 08/15/22 |
415 | 419,232 | ||||||
|
Series E, 5.00%, 08/15/22 |
320 | 323,263 | ||||||
|
Wylie Independent School District/TX GO, Series B, 4.00%, 08/15/22 (PSF) |
165 | 166,232 | ||||||
|
|
|
|||||||
| 33,840,926 | ||||||||
| Utah — 1.0% | ||||||||
|
Central Utah Water Conservancy District RB, Series B, 5.00%, 10/01/22 |
165 | 167,348 | ||||||
|
County of Utah UT Transportation Sales Tax Revenue RB, 5.00%, 12/01/22 |
220 | 224,282 | ||||||
|
Intermountain Power Agency RB, Series A, 5.00%, 07/01/22 |
170 | 170,957 | ||||||
|
Metropolitan Water District of Salt Lake & Sandy RB, Series A, 4.00%, 07/01/22 |
350 | 351,583 | ||||||
|
Provo School District GO, 5.00%, 06/15/22 (GTD) |
20 | 20,089 | ||||||
|
Salt Lake City Corp. RB, Series A, 4.00%, 10/01/22 |
70 | 70,739 | ||||||
|
State of Utah GO, 5.00%, 07/01/22 |
400 | 402,464 | ||||||
|
University of Utah (The) RB |
||||||||
|
Series A, 5.00%, 08/01/22 |
350 | 353,167 | ||||||
|
Series B, 5.00%, 08/01/22 |
325 | 327,917 | ||||||
|
Utah State Building Ownership Authority RB, 5.00%, 05/15/22 |
835 | 836,079 | ||||||
|
Utah Transit Authority RB |
||||||||
|
5.00%, 06/15/42 (PR 06/15/22) |
735 | 738,252 | ||||||
|
Series A, 5.00%, 06/15/22 |
155 | 155,685 | ||||||
|
Series A, 5.25%, 06/15/22 |
180 | 180,847 | ||||||
|
|
|
|||||||
| 3,999,409 | ||||||||
| Vermont — 0.1% | ||||||||
|
State of Vermont GO, 5.00%, 08/15/22 |
120 | 121,248 | ||||||
|
Vermont Municipal Bond Bank RB |
||||||||
|
Series 1, 5.00%, 12/01/22 |
325 | 331,345 | ||||||
|
Series 5, 5.00%, 12/01/22 |
60 | 61,172 | ||||||
|
|
|
|||||||
| 513,765 | ||||||||
| Virginia — 3.3% | ||||||||
|
City of Alexandria VA GO |
||||||||
|
Series A, 5.00%, 07/15/22 (SAW) |
125 | 125,938 | ||||||
|
Series B, 4.00%, 06/15/25 (PR 06/15/22) (SAW) |
1,245 | 1,249,139 | ||||||
|
Series B, 5.00%, 06/15/22 (SAW) |
270 | 271,209 | ||||||
|
City of Hampton VA GO |
||||||||
|
5.00%, 09/01/22 (SAW) |
35 | 35,419 | ||||||
|
5.00%, 09/01/22 (ETM) (SAW) |
10 | 10,114 | ||||||
|
City of Norfolk VA GO |
||||||||
|
5.00%, 08/01/22 (SAW) |
310 | 312,805 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Virginia (continued) |
||||||||
|
Series A, 5.00%, 09/01/22 (SAW) |
$ | 205 | $ | 207,430 | ||||
|
City of Richmond VA GO, Series B, 5.00%, 07/15/22 |
100 | 100,751 | ||||||
|
City of Virginia Beach VA GO, Series B, 5.00%, 09/15/22 (SAW) |
100 | 101,338 | ||||||
|
Commonwealth of Virginia GO |
||||||||
|
Series A, 5.00%, 06/01/22 |
565 | 566,707 | ||||||
|
Series A, 5.00%, 06/01/22 (ETM) |
160 | 160,470 | ||||||
|
County of Fairfax VA GO |
||||||||
|
Series A, 4.00%, 10/01/22 (SAW) |
275 | 277,973 | ||||||
|
Series A, 5.00%, 10/01/22 (SAW) |
915 | 928,629 | ||||||
|
Series B, 4.00%, 10/01/22 (SAW) |
105 | 106,135 | ||||||
|
Series B, 5.00%, 10/01/22 (SAW) |
325 | 329,841 | ||||||
|
County of Henrico VA GO, 4.00%, 08/01/22 |
50 | 50,335 | ||||||
|
County of Henrico VA Water & Sewer Revenue RB, 5.00%, 05/01/22 |
30 | 30,000 | ||||||
|
County of Loudoun VA GO, Series A, 5.00%, 12/01/22 (SAW) |
75 | 76,482 | ||||||
|
Hampton Roads Sanitation District RB, Serise A, 5.00%, 08/01/22 |
250 | 252,275 | ||||||
|
Hampton Roads Transportation Accountability Commission RB, Series A, 5.00%, 07/01/22 |
840 | 844,924 | ||||||
|
University of Virginia RB, Series A, 5.00%, 06/01/22 |
125 | 125,380 | ||||||
|
Virginia Beach Development Authority RB, Series B, 5.00%, 12/01/22 |
45 | 45,873 | ||||||
|
Virginia College Building Authority RB |
||||||||
|
5.00%, 09/01/22 (ST INTERCEPT) |
255 | 258,013 | ||||||
|
5.00%, 09/01/22 (ETM) (ST INTERCEPT) |
520 | 526,111 | ||||||
|
Series A, 5.00%, 09/01/22 (SAW) |
95 | 96,129 | ||||||
|
Series A, 5.00%, 09/01/22 (ETM) (SAW) |
55 | 55,637 | ||||||
|
Series B, 5.00%, 09/01/22 (ST INTERCEPT) |
65 | 65,768 | ||||||
|
Series B, 5.00%, 09/01/22 (ETM) (ST INTERCEPT) |
35 | 35,405 | ||||||
|
Virginia Commonwealth Transportation Board, 5.00%, 09/15/22 |
120 | 121,575 | ||||||
|
Virginia Commonwealth Transportation Board RB |
||||||||
|
5.00%, 05/15/22 |
405 | 405,523 | ||||||
|
5.00%, 05/15/25 (PR 05/15/22) |
1,020 | 1,021,309 | ||||||
|
Series B, 5.00%, 05/15/22 |
175 | 175,226 | ||||||
|
Virginia Commonwealth Transportation Board RB , 5.00%, 05/15/22 |
95 | 95,123 | ||||||
|
Virginia Public Building Authority RB |
||||||||
|
Series A, 5.00%, 08/01/22 |
945 | 953,622 | ||||||
|
Series B, 5.00%, 08/01/22 |
100 | 100,912 | ||||||
|
Series C, 5.00%, 08/01/22 |
310 | 312,828 | ||||||
|
Virginia Public School Authority RB |
||||||||
|
5.00%, 08/01/22 (SAW) |
275 | 277,495 | ||||||
|
Series A, 5.00%, 08/01/22 |
50 | 50,454 | ||||||
|
Series A, 5.00%, 08/01/22 (SAW) |
75 | 75,680 | ||||||
|
Series B, 5.00%, 08/01/22 |
360 | 363,266 | ||||||
|
Series B, 5.00%, 08/01/22 (SAW) |
535 | 539,854 | ||||||
|
Series B, 5.00%, 08/01/22 (ETM) |
5 | 5,044 | ||||||
|
Virginia Resources Authority Clean Water Revolving Fund RB, 5.00%, 10/01/22 |
40 | 40,574 | ||||||
|
Virginia Resources Authority RB |
||||||||
|
5.00%, 11/01/22 |
500 | 508,584 | ||||||
|
5.00%, 11/01/22 (ETM) |
50 | 50,848 | ||||||
|
Series A, 5.00%, 11/01/22 |
405 | 411,954 | ||||||
|
Serise S, 5.00%, 11/01/22 |
165 | 167,833 | ||||||
|
|
|
|||||||
| 12,923,934 | ||||||||
| Washington — 5.3% | ||||||||
|
Central Puget Sound Regional Transit Authority RB, Series S-1, 5.00%, 11/01/22 |
170 | 172,919 | ||||||
| 24 |
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 | ||||||
|
Washington (continued) |
||||||||
|
Central Washington University RB, 5.00%, 05/01/22 |
$ | 50 | $ | 50,000 | ||||
|
City of Seattle WA Drainage & Wastewater Revenue RB, 5.00%, 05/01/22 |
395 | 395,000 | ||||||
|
City of Seattle WA GOL |
||||||||
|
Series A, 5.00%, 06/01/22 |
65 | 65,196 | ||||||
|
Series A, 5.00%, 12/01/22 |
100 | 101,958 | ||||||
|
City of Seattle WA Municipal Light & Power Revenue RB |
||||||||
|
5.00%, 09/01/22 |
535 | 541,430 | ||||||
|
Series A, 5.00%, 05/01/22 |
75 | 75,000 | ||||||
|
Series C, 5.00%, 10/01/22 |
160 | 162,363 | ||||||
|
City of Seattle WA Water System Revenue RB, 5.00%, 09/01/22 |
330 | 333,911 | ||||||
|
City of Vancouver WA GOL, Series B, 5.00%, 12/01/22 |
330 | 336,462 | ||||||
|
Clark County School District No. 119 Battleground GO, 4.00%, 12/01/22 (GTD) |
155 | 157,148 | ||||||
|
County of King WA GO, 5.00%, 12/01/22 |
600 | 611,785 | ||||||
|
County of King WA GOL |
||||||||
|
4.00%, 12/01/22 |
20 | 20,278 | ||||||
|
Series C, 5.00%, 12/01/22 |
210 | 214,125 | ||||||
|
Series E, 5.00%, 12/01/22 |
1,235 | 1,259,257 | ||||||
|
County of King WA Sewer Revenue RB, Series B, 5.00%, 07/01/22 |
710 | 714,337 | ||||||
|
County of Snohomish WA GOL, 5.00%, 12/01/22 |
140 | 142,742 | ||||||
|
Energy Northwest RB, Series A, 5.00%, 07/01/22 |
975 | 980,892 | ||||||
|
King & Snohomish Counties School District No. 417 Northshore GO |
||||||||
|
5.00%, 12/01/22 |
225 | 229,406 | ||||||
|
5.00%, 12/01/22 (GTD) |
565 | 576,064 | ||||||
|
King County Rural Library District GO, 4.00%, 12/01/22 |
355 | 359,713 | ||||||
|
King County School District No 405 Bellevue GO, 5.00%, 12/01/22 |
100 | 101,941 | ||||||
|
King County School District No. 405 Bellevue GO, 5.00%, 12/01/22 (GTD) |
455 | 463,831 | ||||||
|
King County School District No. 409 Tahoma GO, 5.00%, 12/01/22 (GTD) |
220 | 224,308 | ||||||
|
King County School District No. 414 Lake Washington GO, 5.00%, 12/01/22 (GTD) |
1,145 | 1,168,694 | ||||||
|
Pierce County School District No. 10 Tacoma GO, 5.00%, 12/01/22 (GTD) |
845 | 861,547 | ||||||
|
Port of Seattle WA RB |
||||||||
|
5.00%, 12/01/22 |
1,125 | 1,147,293 | ||||||
|
Series A, 5.00%, 08/01/22 |
435 | 438,990 | ||||||
|
Port of Tacoma WA RB, Series A, 5.00%, 12/01/22 |
135 | 137,620 | ||||||
|
Snohomish County Public Utility District No. 1 RB, 5.00%, 12/01/22 |
190 | 193,721 | ||||||
|
Snohomish County School District No. 201 Snohomish GO, 5.00%, 12/01/22 (GTD) |
230 | 234,450 | ||||||
|
State of Washington COP |
||||||||
|
Series A, 5.00%, 07/01/22 |
150 | 150,879 | ||||||
|
Series B, 4.00%, 07/01/22 |
295 | 296,257 | ||||||
|
State of Washington GO |
||||||||
|
5.00%, 07/01/22 |
260 | 261,533 | ||||||
|
Series A, 5.00%, 08/01/22 |
100 | 100,887 | ||||||
|
Series A, 5.00%, 08/01/26 (PR 08/01/22) |
1,750 | 1,765,704 | ||||||
|
Series B, 5.00%, 07/01/22 |
495 | 497,918 | ||||||
|
Series B, 5.00%, 08/01/22 |
160 | 161,420 | ||||||
|
Series C, 0.00%, 06/01/22 (AMBAC)(a) |
135 | 134,787 | ||||||
|
Series C, 5.00%, 06/01/22 |
40 | 40,117 | ||||||
|
Series D, 5.00%, 07/01/22 |
25 | 25,147 | ||||||
|
Series F, 0.00%, 12/01/22 (NPFGC)(a) |
65 | 64,209 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Washington (continued) |
||||||||
|
Series F, 5.00%, 07/01/22 |
$ | 190 | $ | 191,120 | ||||
|
Series R-2012C, 4.00%, 07/01/22 |
480 | 482,062 | ||||||
|
Series R-2012D, 5.00%, 07/01/22 |
115 | 115,678 | ||||||
|
Series R-2015E, 5.00%, 07/01/22 |
330 | 331,946 | ||||||
|
Series R-2017A, 5.00%, 08/01/22 |
200 | 201,775 | ||||||
|
Series R-C, 5.00%, 07/01/22 |
105 | 105,619 | ||||||
|
Series R-D, 5.00%, 08/01/22 |
250 | 252,219 | ||||||
|
Serise R-2020C, 5.00%, 07/01/22 |
320 | 321,887 | ||||||
|
State of Washington RB |
||||||||
|
Series C, 5.00%, 09/01/22 |
260 | 262,882 | ||||||
|
Series F, 5.00%, 09/01/22 |
495 | 500,488 | ||||||
|
University of Washington RB |
||||||||
|
Series A, 5.00%, 12/01/22 |
75 | 76,469 | ||||||
|
Series B, 5.00%, 06/01/22 |
350 | 351,057 | ||||||
|
Series C, 5.00%, 12/01/22 |
720 | 734,099 | ||||||
|
Washington Health Care Facilities Authority RB, Series A, 5.00%, 11/15/22 |
125 | 127,152 | ||||||
|
Washington State University RB, 5.00%, 10/01/22 |
200 | 202,887 | ||||||
|
Yakima County School District No. 7 Yakima GO, 5.00%, 12/01/22 (GTD) |
200 | 203,917 | ||||||
|
Yakima County School District No. 90 East Valley GO, 5.00%, 12/01/22 (GTD) |
130 | 132,485 | ||||||
|
|
|
|||||||
| 20,564,981 | ||||||||
| West Virginia — 0.5% | ||||||||
|
State of West Virginia GO |
||||||||
|
Series A, 5.00%, 11/01/22 |
575 | 584,872 | ||||||
|
Serise A, 5.00%, 06/01/22 |
150 | 150,453 | ||||||
|
West Virginia Commissioner of Highways, Series A, 5.00%, 09/01/22 |
150 | 151,808 | ||||||
|
West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/22 |
540 | 546,508 | ||||||
|
West Virginia State School Building Authority Lottery RB, Series A, 5.00%, 07/01/22 |
250 | 251,424 | ||||||
|
West Virginia Water Development Authority RB, Series A, 5.00%, 07/01/22 |
200 | 201,238 | ||||||
|
|
|
|||||||
| 1,886,303 | ||||||||
| Wisconsin — 3.1% | ||||||||
|
City of Madison WI GO, Series A, 4.00%, 10/01/22 |
100 | 101,011 | ||||||
|
City of Milwaukee WI GO |
||||||||
|
Series N2, 5.00%, 05/01/22 |
30 | 30,000 | ||||||
|
Series N2, 5.00%, 05/15/22 |
125 | 125,148 | ||||||
|
City of Milwaukee WI Sewerage System Revenue RB, Series S5, 5.00%, 06/01/22 |
260 | 260,771 | ||||||
|
Milwaukee County Metropolitan Sewer District GO |
||||||||
|
Series A, 4.00%, 10/01/22 |
110 | 111,144 | ||||||
|
Series A, 5.00%, 10/01/22 |
105 | 106,520 | ||||||
|
Series A, 5.25%, 10/01/22 |
105 | 106,627 | ||||||
|
State of Wisconsin Clean Water Fund Leveraged Loan Portfolio RB |
||||||||
|
Series 1, 4.00%, 06/01/22 (ETM) |
75 | 75,163 | ||||||
|
Series 1, 5.00%, 06/01/22 (ETM) |
125 | 125,369 | ||||||
|
State of Wisconsin Environmental Improvement Fund Revenue RB, Serise A, 5.00%, 06/01/22 |
250 | 250,755 | ||||||
|
State of Wisconsin GO |
||||||||
|
5.00%, 11/01/22 |
205 | 208,489 | ||||||
|
Series 1, 5.00%, 05/01/22 |
150 | 150,000 | ||||||
|
Series 1, 5.00%, 05/01/22 (ETM) |
100 | 100,000 | ||||||
|
Series 1, 5.00%, 11/01/22 |
125 | 127,127 | ||||||
|
Series 2, 4.00%, 11/01/22 |
140 | 141,696 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
25 |
|
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 | ||||||
|
|
||||||||
|
Wisconsin (continued) |
||||||||
|
Series 2, 5.00%, 05/01/22 |
$ | 155 | $ | 155,000 | ||||
|
Series 2, 5.00%, 05/01/22 (ETM) |
20 | 20,000 | ||||||
|
Series 2, 5.00%, 11/01/22 |
955 | 971,253 | ||||||
|
Series 3, 4.00%, 11/01/22 |
125 | 126,514 | ||||||
|
Series 3, 5.00%, 11/01/22 |
615 | 625,467 | ||||||
|
Series B, 5.00%, 05/01/22 |
75 | 75,000 | ||||||
|
Series D, 5.00%, 05/01/22 |
130 | 130,000 | ||||||
|
State of Wisconsin RB, Series A, 5.00%, 05/01/22 |
600 | 600,000 | ||||||
|
Wisconsin Department of Transportation RB |
||||||||
|
Series 1, 5.00%, 07/01/22 |
465 | 467,841 | ||||||
|
Series 1, 5.00%, 07/01/27 (PR 07/01/22) |
2,790 | 2,806,861 | ||||||
|
Series 1, 5.00%, 07/01/28 (PR 07/01/22) |
2,000 | 2,012,087 | ||||||
|
Series 2, 5.00%, 07/01/22 |
805 | 809,918 | ||||||
|
Series 2, 5.00%, 07/01/23 (PR 07/01/22) |
225 | 226,360 | ||||||
|
Wisconsin Health & Educational Facilities Authority RB |
||||||||
|
5.00%, 08/15/22 |
165 | 166,668 | ||||||
|
Series C, 5.00%, 08/15/22 (ETM) |
40 | 40,410 | ||||||
|
Series E, 4.00%, 11/15/22 |
125 | 126,559 | ||||||
|
WPPI Energy RB, Series A, 5.00%, 07/01/22 |
460 | 462,598 | ||||||
|
|
|
|||||||
| 11,842,356 | ||||||||
|
|
|
|||||||
|
Total Municipal Debt Obligations — 98.8% |
382,539,041 | |||||||
|
|
|
|||||||
| Security | Shares (000) |
Value | ||||||
|
|
||||||||
|
Short-Term Investments |
||||||||
| Money Market Funds — 0.7% | ||||||||
|
BlackRock
Liquidity Funds: MuniCash, |
2,777 | $ | 2,777,241 | |||||
|
|
|
|||||||
|
Total
Short-Term Investments — 0.7% |
2,777,241 | |||||||
|
|
|
|||||||
|
Total
Investments in Securities — 99.5% |
385,316,282 | |||||||
|
Other Assets, Less Liabilities — 0.5% |
1,847,322 | |||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 387,163,604 | ||||||
|
|
|
|||||||
| (a) |
Zero-coupon bond. |
| (b) |
Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. |
| (c) |
Affiliate of the Fund. |
| (d) |
Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 04/30/22 |
Shares Held at 04/30/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Liquidity Funds: MuniCash |
$ | 346,035 | $ | 2,431,494 | (a) | $ | — | $ | (439 | ) | $ | 151 | $ | 2,777,241 | 2,777 | $ | 754 | $ | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
| ||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
| ||||||||||||||||
|
Investments |
||||||||||||||||
|
Assets |
||||||||||||||||
|
Municipal Debt Obligations |
$ | — | $ | 382,539,041 | $ | — | $ | 382,539,041 | ||||||||
|
Money Market Funds |
2,777,241 | — | — | 2,777,241 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 2,777,241 | $ | 382,539,041 | $ | — | $ | 385,316,282 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
| 26 |
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) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Municipal Debt Obligations |
||||||||
|
Alabama — 1.3% |
||||||||
|
Alabama Federal Aid Highway Finance Authority RB |
||||||||
|
5.00%, 09/01/23 |
$ | 300 | $ | 311,285 | ||||
|
Series A, 5.00%, 09/01/23 |
325 | 337,008 | ||||||
|
Series B, 5.00%, 09/01/23 |
310 | 321,454 | ||||||
|
Alabama Public School & College Authority RB |
||||||||
|
Series C, 5.00%, 06/01/23 |
100 | 103,082 | ||||||
|
Series A, 3.00%, 06/01/23 |
335 | 338,222 | ||||||
|
Series A, 5.00%, 02/01/23 |
505 | 516,723 | ||||||
|
Alabama Public School and College Authority RB |
||||||||
|
Series A, 5.00%, 11/01/23 |
170 | 176,905 | ||||||
|
Series B, 5.00%, 01/01/23 |
290 | 296,125 | ||||||
|
City of Huntsville AL GOL |
||||||||
|
Series C, 5.00%, 05/01/23 |
130 | 133,852 | ||||||
|
Series D, 5.00%, 05/01/23 |
115 | 118,408 | ||||||
|
State of Alabama GO |
||||||||
|
Series A, 5.00%, 08/01/23 |
255 | 264,208 | ||||||
|
Series A, 5.00%, 11/01/23 |
400 | 416,848 | ||||||
|
Series C, 5.00%, 08/01/23 |
155 | 160,597 | ||||||
|
Series C, 5.00%, 11/01/23 |
290 | 302,214 | ||||||
|
University of Alabama (The) RB, Series B, 5.00%, 07/01/23 |
190 | 196,265 | ||||||
|
University of Alabama at Birmingham RB 5.00%, 10/01/23 |
700 | 728,109 | ||||||
|
Series A, 5.00%, 10/01/23 |
135 | 140,421 | ||||||
|
|
|
|||||||
| 4,861,726 | ||||||||
| Alaska — 0.1% | ||||||||
|
Municipality of Anchorage AK GO, Series D, 5.00%, 09/01/23 |
165 | 171,119 | ||||||
|
State of Alaska GO, Series B, 5.00%, 08/01/23 |
100 | 103,598 | ||||||
|
|
|
|||||||
| 274,717 | ||||||||
| Arizona — 2.6% | ||||||||
|
Arizona Department of Transportation State Highway Fund Revenue RB, 5.00%, 07/01/23 |
210 | 216,900 | ||||||
|
Arizona Health Facilities Authority RB, Series A, 5.00%, 01/01/23 |
35 | 35,704 | ||||||
|
Arizona School Facilities Board COP, Series A, 5.00%, 09/01/23 |
365 | 378,486 | ||||||
|
Arizona State University RB |
||||||||
|
5.00%, 08/01/23 |
150 | 155,304 | ||||||
|
Series B, 5.00%, 07/01/23 |
220 | 227,383 | ||||||
|
Series C, 5.00%, 07/01/23 |
295 | 304,899 | ||||||
|
Arizona Transportation Board RB |
||||||||
|
5.00%, 07/01/23 |
1,105 | 1,141,305 | ||||||
|
Series A, 5.00%, 07/01/23 |
100 | 103,286 | ||||||
|
Arizona Water Infrastructure Finance Authority RB, Series A, 5.00%, 10/01/23 |
170 | 176,778 | ||||||
|
City of Mesa AZ Utility System Revenue RB, 5.00%, 07/01/23 |
35 | 36,191 | ||||||
|
City of Phoenix AZ GO |
||||||||
|
4.00%, 07/01/23 |
685 | 700,330 | ||||||
|
5.00%, 07/01/23 |
120 | 124,055 | ||||||
|
City of Phoenix Civic Improvement Corp. RB |
||||||||
|
5.00%, 07/01/23 |
735 | 759,635 | ||||||
|
5.50%, 07/01/23 (NPFGC) |
85 | 88,367 | ||||||
|
Series A, 5.00%, 07/01/23 |
575 | 594,231 | ||||||
|
Series B, 5.00%, 07/01/23 |
610 | 630,488 | ||||||
|
Series D, 5.00%, 07/01/23 |
505 | 520,707 | ||||||
|
SeriesB, 5.00%, 07/01/23 |
140 | 144,747 | ||||||
|
City of Scottsdale AZ GO, 5.00%, 07/01/23 |
120 | 124,097 | ||||||
|
City of Tucson AZ Water System Revenue RB, Series A, 5.00%, 07/01/23 |
180 | 186,125 | ||||||
| Security | Par (000) |
Value | ||||||
|
Arizona (continued) |
||||||||
|
County of Pima AZ GOL, 4.00%, 07/01/23 |
$ | 310 | $ | 316,938 | ||||
|
County of Pima AZ Sewer System Revenue RB, 5.00%, 07/01/23 |
570 | 589,261 | ||||||
|
Maricopa County Community College District GO, 5.00%, 07/01/23 |
200 | 206,782 | ||||||
|
Maricopa County Unified School District No. 48 Scottsdale GO, 5.00%, 07/01/23 |
75 | 77,543 | ||||||
|
Maricopa County Unified School District No. 80 Chandler GOL, 4.50%, 07/01/23 |
40 | 41,133 | ||||||
|
Maricopa County Union High School District No. 210-Phoenix GO |
||||||||
|
5.00%, 07/01/23 |
330 | 341,151 | ||||||
|
Series B, 5.00%, 07/01/23 |
175 | 180,913 | ||||||
|
Regional Public Transportation Authority RB, 5.25%, 07/01/23 |
135 | 139,947 | ||||||
|
Salt River Project Agricultural Improvement & Power District RB |
||||||||
|
5.00%, 01/01/23 |
365 | 372,344 | ||||||
|
Series A, 5.00%, 01/01/23 |
610 | 622,273 | ||||||
|
State of Arizona COP, 5.00%, 09/01/23 |
260 | 269,537 | ||||||
|
University of Arizona (The) RB |
||||||||
|
5.00%, 06/01/23 |
215 | 221,835 | ||||||
|
5.00%, 08/01/23 |
55 | 56,945 | ||||||
|
|
|
|||||||
| 10,085,620 | ||||||||
| Arkansas — 0.3% | ||||||||
|
State of Arkansas GO |
||||||||
|
4.25%, 06/01/23 |
35 | 35,831 | ||||||
|
5.00%, 04/01/23 |
315 | 323,749 | ||||||
|
5.00%, 10/01/23 |
785 | 816,299 | ||||||
|
University of Arkansas RB, Series A, 5.00%, 11/01/23 |
105 | 109,388 | ||||||
|
|
|
|||||||
| 1,285,267 | ||||||||
| California — 11.4% | ||||||||
|
Alameda Unified School District-Alameda County/CA GO, Series A, 0.00%, 08/01/23 (AGM)(a) |
50 | 48,601 | ||||||
|
Anaheim Housing & Public Improvements Authority RB, Series A, 5.00%, 10/01/23 |
175 | 181,704 | ||||||
|
Bay Area Toll Authority RB |
||||||||
|
5.00%, 04/01/23 |
100 | 102,750 | ||||||
|
Series S-4, 5.00%, 04/01/43 (PR 04/01/23) |
100 | 102,777 | ||||||
|
Series S-4, 5.25%, 04/01/53 (PR 04/01/23) |
135 | 139,028 | ||||||
|
Benicia Unified School District GO, Series B, 0.00%, 08/01/23 (NPFGC)(a) |
80 | 77,637 | ||||||
|
California Educational Facilities Authority RB, Series T-5, 5.00%, 03/15/23 |
590 | 606,075 | ||||||
|
California Health Facilities Financing Authority RB 5.00%, 11/15/23 |
25 | 26,075 | ||||||
|
Series A, 4.00%, 03/01/23 |
70 | 71,216 | ||||||
|
Series A, 5.00%, 11/15/23 |
15 | 15,632 | ||||||
|
Series B, 5.00%, 11/15/23 |
110 | 114,610 | ||||||
|
California Infrastructure & Economic Development Bank RB, Series A, 5.00%, 10/01/23 |
185 | 192,376 | ||||||
|
California State Public Works Board RB 5.00%, 09/01/23 |
200 | 207,497 | ||||||
|
Series A, 5.00%, 03/01/23 |
170 | 174,385 | ||||||
|
Series A, 5.00%, 09/01/23 |
175 | 181,560 | ||||||
|
Series A, 5.25%, 06/01/23 (ETM NPFGC) |
15 | 15,515 | ||||||
|
Series B, 5.00%, 10/01/23 |
665 | 691,137 | ||||||
|
Series C, 5.00%, 11/01/23 |
65 | 67,660 | ||||||
|
Series D, 5.00%, 09/01/23 |
540 | 560,241 | ||||||
|
Series F, 5.00%, 05/01/23 |
135 | 138,987 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
27 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Series F, 5.00%, 09/01/23 |
$ | 255 | $ | 264,558 | ||||
|
Series G, 5.00%, 09/01/23 |
20 | 20,750 | ||||||
|
Series H, 5.00%, 06/01/23 |
195 | 201,157 | ||||||
|
Series H, 5.00%, 12/01/23 |
125 | 130,321 | ||||||
|
Series I, 5.00%, 11/01/23 |
545 | 567,299 | ||||||
|
California State University RB |
||||||||
|
5.00%, 11/01/23 |
170 | 177,160 | ||||||
|
Series A, 5.00%, 11/01/23 |
1,085 | 1,130,654 | ||||||
|
Series C, 5.00%, 11/01/23 (AGM) |
120 | 125,054 | ||||||
|
Chabot-Las Positas Community College District GO, 4.00%, 08/01/23 |
195 | 199,610 | ||||||
|
City of Los Angeles CA GO, 5.00%, 09/01/23 |
350 | 363,119 | ||||||
|
City of Los Angeles CA Wastewater System Revenue RB |
||||||||
|
Series B, 4.00%, 06/01/23 |
100 | 102,075 | ||||||
|
Series B, 5.00%, 06/01/23 |
125 | 128,920 | ||||||
|
City of San Francisco CA Public Utilities Commission Water Revenue RB 5.00%, 11/01/23 |
645 | 672,070 | ||||||
|
Series B, 5.00%, 11/01/23 |
100 | 104,197 | ||||||
|
Coast Community College District GO 5.00%, 08/01/26 (PR 08/01/23) |
1,200 | 1,243,030 | ||||||
|
Series A, 5.00%, 08/01/23 |
100 | 103,536 | ||||||
|
Contra Costa Transportation Authority RB, Series A, 5.00%, 03/01/23 |
320 | 328,200 | ||||||
|
Contra Costa Water District RB, Series T, 5.00%, 10/01/23 |
230 | 239,203 | ||||||
|
East Bay Municipal Utility District Water System Revenue RB, Series B, 5.00%, 06/01/23 |
185 | 190,842 | ||||||
|
Eastern Municipal Water District RB, Series A, 5.00%, 07/01/23 |
50 | 51,701 | ||||||
|
Escondido Union High School District GO, Series A, 0.00%, 08/01/23 (AGC)(a) |
150 | 145,426 | ||||||
|
Folsom Cordova Unified School District School Facilities Improvement Dist No. 4 GO, Series A, 0.00%, 10/01/23 (NPFGC)(a) |
195 | 187,926 | ||||||
|
Foothill-De Anza Community College District GO, 5.00%, 08/01/23 |
140 | 145,020 | ||||||
|
Grossmont Union High School District GO, 4.00%, 08/01/23 |
125 | 128,017 | ||||||
|
Huntington Beach Union High School District GO, 5.00%, 08/01/23 |
135 | 139,790 | ||||||
|
Irvine Ranch Water District SA, 5.00%, 02/01/23 |
30 | 30,719 | ||||||
|
Laguna Beach Unified School District GO, 4.00%, 08/01/23 |
155 | 158,742 | ||||||
|
Las Virgenes Unified School District GO |
||||||||
|
Series C, 0.00%, 11/01/23 (NPFGC)(a) |
50 | 48,120 | ||||||
|
Series D, 0.00%, 09/01/23 (NPFGC)(a) |
105 | 101,566 | ||||||
|
Long Beach Community College District GO 5.00%, 08/01/23 |
115 | 119,153 | ||||||
|
Series D, 0.00%, 05/01/23 (NPFGC)(a) |
165 | 161,344 | ||||||
|
Los Angeles Community College District/CA GO |
||||||||
|
Series A, 5.00%, 08/01/23 |
450 | 466,758 | ||||||
|
Series C, 5.00%, 08/01/23 |
375 | 388,965 | ||||||
|
Los Angeles County Metropolitan Transportation Authority RB |
||||||||
|
5.00%, 07/01/23 |
125 | 129,268 | ||||||
|
Series A, 5.00%, 06/01/23 |
585 | 603,161 | ||||||
|
Series A, 5.00%, 07/01/23 |
725 | 749,754 | ||||||
|
Series C, 5.00%, 07/01/23 |
185 | 191,316 | ||||||
|
Los Angeles County Sanitation Districts Financing Authority RB, 5.00%, 10/01/23 |
410 | 426,114 | ||||||
|
Los Angeles Department of Water & Power Power System Revenue RB, Series E, 5.00%, 07/01/23 |
165 | 170,518 | ||||||
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Los Angeles Department of Water & Power System Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
$ | 250 | $ | 258,360 | ||||
|
Series A, 5.00%, 07/01/23 |
445 | 459,881 | ||||||
|
Series B, 4.00%, 07/01/23 |
150 | 153,305 | ||||||
|
Series B, 5.00%, 07/01/23 |
165 | 170,518 | ||||||
|
Series D, 4.00%, 07/01/23 |
205 | 209,516 | ||||||
|
Los Angeles Unified School District/CA GO |
||||||||
|
Series A, 4.00%, 07/01/23 |
595 | 608,523 | ||||||
|
Series A, 5.00%, 07/01/23 |
2,075 | 2,145,846 | ||||||
|
Series B-1, 5.00%, 07/01/23 |
1,000 | 1,034,143 | ||||||
|
Series C, 5.00%, 07/01/23 |
185 | 191,316 | ||||||
|
Metropolitan Water District of Southern California RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
150 | 155,016 | ||||||
|
Series B, 5.00%, 09/01/23 |
75 | 77,811 | ||||||
|
Series E, 5.00%, 07/01/23 |
2,500 | 2,583,601 | ||||||
|
Modesto Irrigation District RB, 5.00%, 10/01/23 |
220 | 228,803 | ||||||
|
Mount Diablo Unified School District/CA GO, Series F, 5.00%, 08/01/23 |
20 | 20,712 | ||||||
|
Municipal Improvement Corp. of Los Angeles RB, Series B, 5.00%, 11/01/23 |
475 | 495,149 | ||||||
|
Newport Mesa Unified School District GO, Series 2007, 0.00%, 08/01/23 (NPFGC)(a) |
50 | 48,547 | ||||||
|
Orange County Water District RB, 5.00%, 08/15/23 |
45 | 46,674 | ||||||
|
Palomar Community College District GO, Series B, 0.00%, 08/01/23(a) |
200 | 194,595 | ||||||
|
Rancho Santiago Community College District GO, 4.00%, 09/01/23 |
45 | 46,131 | ||||||
|
Riverside County Transportation Commission RB, Series A, 5.00%, 06/01/23 |
1,010 | 1,042,219 | ||||||
|
Sacramento Municipal Utility District RB, Series D, 5.00%, 08/15/23 |
125 | 129,552 | ||||||
|
San Diego Community College District GO 0.00%, 08/01/23(a) |
35 | 34,041 | ||||||
|
5.00%, 08/01/23 |
125 | 129,514 | ||||||
|
San Diego County Regional Transportation Commission RB, Series A, 5.00%, 04/01/23 |
75 | 77,097 | ||||||
|
San Diego County Water Authority RB, 5.00%, 05/01/23 |
100 | 102,913 | ||||||
|
San Diego Public Facilities Financing Authority RB, 5.00%, 10/15/23 |
65 | 67,622 | ||||||
|
San Diego Unified School District/CA GO |
||||||||
|
Series A, 0.00%, 07/01/23 (NPFGC)(a) |
150 | 146,358 | ||||||
|
Series H-2, 3.00%, 07/01/23 |
200 | 202,240 | ||||||
|
Series H-2, 5.00%, 07/01/23 |
350 | 361,909 | ||||||
|
Series J-2, 5.00%, 07/01/23 |
135 | 139,593 | ||||||
|
San Diego Unified School District/CA RB, 5.00%, 07/01/23 |
225 | 232,656 | ||||||
|
San Francisco City & County Airport Commission San Francisco International Airport RB, Series D, 5.00%, 05/01/23 |
135 | 138,919 | ||||||
|
San Jose Evergreen Community College District GO |
||||||||
|
5.00%, 09/01/23 |
180 | 186,892 | ||||||
|
Series A, 5.00%, 09/01/23 |
285 | 295,912 | ||||||
|
San Jose Financing Authority RB, Series A, 5.00%, 06/01/23 |
25 | 25,765 | ||||||
|
San Mateo County Community College District GO, Series A, 0.00%, 09/01/23 (NPFGC)(a) |
160 | 155,378 | ||||||
|
San Mateo Joint Powers Financing Authority RB, Series A, 5.00%, 07/15/23 |
100 | 103,451 | ||||||
|
San Mateo Union High School District GO |
||||||||
|
Series A, 4.00%, 09/01/23 |
140 | 143,481 | ||||||
|
Series A, 5.00%, 09/01/23 |
125 | 129,752 | ||||||
| 28 |
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 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Series B, 0.00%, 09/01/23 (NPFGC)(a) |
$ | 140 | $ | 135,974 | ||||
|
Santa Clara County Financing Authority RB, Series Q, 5.00%, 05/15/23 |
105 | 108,228 | ||||||
|
Santa Clara Unified School District GO, 5.00%, 07/01/23 |
850 | 878,723 | ||||||
|
Santa Monica Community College District GO, Series A, 5.00%, 08/01/23 |
290 | 300,581 | ||||||
|
Santa Monica-Malibu Unified School District GO |
||||||||
|
0.00%, 08/01/23 (NPFGC)(a) |
100 | 97,190 | ||||||
|
Series B, 4.00%, 08/01/23 |
200 | 204,803 | ||||||
|
Southern California Public Power Authority RB, Series A, 5.00%, 07/01/23 |
375 | 387,453 | ||||||
|
State of California Department of Water Resources RB |
||||||||
|
5.00%, 12/01/23 |
125 | 130,500 | ||||||
|
Series AW, 5.00%, 12/01/23 |
215 | 224,460 | ||||||
|
Series AX, 5.00%, 12/01/23 |
415 | 433,260 | ||||||
|
Series BA, 5.00%, 12/01/23 |
235 | 245,340 | ||||||
|
State of California GO |
||||||||
|
4.00%, 03/01/23 |
75 | 76,335 | ||||||
|
4.00%, 05/01/23 |
230 | 234,583 | ||||||
|
4.00%, 10/01/23 |
315 | 323,296 | ||||||
|
5.00%, 02/01/23 |
100 | 102,398 | ||||||
|
5.00%, 08/01/23 |
2,015 | 2,087,762 | ||||||
|
5.00%, 09/01/23 |
945 | 981,058 | ||||||
|
5.00%, 10/01/23 |
1,030 | 1,071,370 | ||||||
|
5.00%, 11/01/23 |
1,805 | 1,881,049 | ||||||
|
5.00%, 12/01/23 |
500 | 522,010 | ||||||
|
Series B, 5.00%, 08/01/23 |
715 | 740,819 | ||||||
|
Series B, 5.00%, 09/01/23 |
635 | 659,229 | ||||||
|
Torrance Unified School District GO |
||||||||
|
5.00%, 08/01/23 |
110 | 114,000 | ||||||
|
5.00%, 08/01/39 (PR 08/01/23) |
230 | 238,248 | ||||||
|
University of California RB |
||||||||
|
Series AF, 5.00%, 05/15/23 |
335 | 345,126 | ||||||
|
Series AK, VRDN,5.00%, 05/15/48 (Put 05/15/23)(b) |
3,125 | 3,215,555 | ||||||
|
Series AO, 5.00%, 05/15/23 |
495 | 509,962 | ||||||
|
Series AR, 4.00%, 05/15/23 |
210 | 214,211 | ||||||
|
|
|
|||||||
| 43,987,830 | ||||||||
| Colorado — 0.7% | ||||||||
|
Adams County School District No. 1 GO, 4.00%, 12/01/23 (SAW) |
250 | 256,946 | ||||||
|
Board of Water Commissioners City & County of Denver (The) RB, Series B, 5.00%, 09/15/23 |
130 | 135,080 | ||||||
|
City & County of Denver Co. Airport System Revenue RB |
||||||||
|
Series A, 5.00%, 11/15/23 |
430 | 446,698 | ||||||
|
Series B, 5.00%, 11/15/23 |
200 | 207,766 | ||||||
|
City of Colorado Springs Co. Utilities System Revenue RB, Series C, 5.00%, 11/15/23 |
100 | 104,376 | ||||||
|
Denver City & County School District No. 1 GO, 5.00%, 12/01/23 (SAW) |
415 | 433,459 | ||||||
|
E-470 Public Highway Authority RB, Series B, 0.00%, 09/01/23 (NPFGC)(a) |
120 | 116,350 | ||||||
|
Metro Wastewater Reclamation District RB, Series A, 5.00%, 04/01/23 |
500 | 513,979 | ||||||
|
University of Colorado RB, Series A-2, 5.00%, 06/01/23 |
340 | 350,662 | ||||||
|
|
|
|||||||
| 2,565,316 | ||||||||
| Connecticut — 1.7% | ||||||||
|
City of Stamford CT GO, 5.00%, 06/01/23 |
100 | 103,190 | ||||||
|
Connecticut State Health & Educational Facilities Authority RB Series 2014-A, VRDN,1.10%, 07/01/48 (Put 02/07/23)(b) |
500 | 496,270 | ||||||
| Security | Par (000) |
Value | ||||||
|
Connecticut (continued) |
||||||||
|
Series
C-2, VRDN,5.00%, 07/01/57 |
$ | 1,030 | $ | 1,052,364 | ||||
|
State of Connecticut Clean Water Fund - State Revolving Fund RB, Series B, 5.00%, 06/01/23 |
125 | 128,879 | ||||||
|
State of Connecticut GO |
||||||||
|
Series A, 5.00%, 03/15/23 |
275 | 282,396 | ||||||
|
Series A, 5.00%, 04/15/23 |
520 | 534,964 | ||||||
|
Series A, 5.00%, 10/15/23 |
505 | 525,741 | ||||||
|
Series B, 3.00%, 06/01/23 |
150 | 151,603 | ||||||
|
Series B, 5.00%, 04/15/23 |
200 | 205,755 | ||||||
|
Series B, 5.00%, 05/15/23 |
335 | 345,300 | ||||||
|
Series D, 5.00%, 06/15/23 |
120 | 123,947 | ||||||
|
Series E, 5.00%, 09/01/23 |
190 | 197,249 | ||||||
|
Series E, 5.00%, 10/15/23 |
100 | 104,107 | ||||||
|
Series F, 5.00%, 09/15/23 |
175 | 181,839 | ||||||
|
Series F, 5.00%, 11/15/23 |
200 | 208,598 | ||||||
|
Series H, 5.00%, 11/15/23 |
120 | 125,159 | ||||||
|
State of Connecticut Special Tax Revenue RB |
||||||||
|
Series A, 5.00%, 01/01/23 |
145 | 148,004 | ||||||
|
Series A, 5.00%, 08/01/23 |
275 | 284,379 | ||||||
|
Series A, 5.00%, 09/01/23 |
190 | 196,843 | ||||||
|
Series A, 5.00%, 10/01/23 |
655 | 679,814 | ||||||
|
Series B, 5.00%, 08/01/23 |
105 | 108,581 | ||||||
|
Series B, 5.00%, 10/01/23 |
100 | 103,788 | ||||||
|
University of Connecticut RB |
||||||||
|
Series A, 4.00%, 02/15/23 |
50 | 50,758 | ||||||
|
Series A, 5.00%, 02/15/23 |
100 | 102,289 | ||||||
|
Series A, 5.00%, 04/15/23 |
100 | 102,639 | ||||||
|
|
|
|||||||
| 6,544,456 | ||||||||
| Delaware — 0.9% | ||||||||
|
City of Wilmington DE GO, 3.00%, 06/01/23 |
160 | 161,624 | ||||||
|
County of New Castle DE GO |
||||||||
|
5.00%, 04/01/23 |
120 | 123,366 | ||||||
|
5.00%, 10/01/23 |
215 | 223,664 | ||||||
|
Delaware River & Bay Authority RB, Series B, 5.00%, 01/01/23 |
40 | 40,799 | ||||||
|
Delaware Transportation Authority RB, 5.00%, 07/01/23 |
1,305 | 1,349,251 | ||||||
|
State of Delaware GO |
||||||||
|
5.00%, 02/01/23 |
405 | 414,646 | ||||||
|
Series C, 5.00%, 03/01/23 |
640 | 656,615 | ||||||
|
Series A, 5.00%, 02/01/23 |
90 | 92,143 | ||||||
|
Series B, 5.00%, 07/01/23 |
165 | 170,614 | ||||||
|
Series C, 5.00%, 03/01/23 |
140 | 143,635 | ||||||
|
Series D, 5.00%, 07/01/23 |
210 | 217,145 | ||||||
|
|
|
|||||||
| 3,593,502 | ||||||||
| District of Columbia — 1.2% | ||||||||
|
District of Columbia GO |
||||||||
|
Series A, 5.00%, 06/01/23 |
2,050 | 2,114,283 | ||||||
|
Series B, 5.00%, 06/01/23 |
350 | 360,975 | ||||||
|
District of Columbia RB |
||||||||
|
5.00%, 07/15/23 |
20 | 20,625 | ||||||
|
Series A, 5.00%, 12/01/23 |
470 | 490,979 | ||||||
|
District of Columbia Water & Sewer Authority RB |
||||||||
|
Series A, 5.00%, 10/01/23 |
150 | 156,002 | ||||||
|
Series B, 5.00%, 10/01/23 |
215 | 223,633 | ||||||
|
Series C, 5.00%, 10/01/23 |
130 | 135,202 | ||||||
|
Washington Metropolitan Area Transit Authority RB |
||||||||
|
Series A, 5.00%, 07/15/23 |
500 | 517,257 | ||||||
|
Series A-1, 5.00%, 07/01/23 |
170 | 175,705 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
29 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
District of Columbia (continued) |
||||||||
|
Series B, 5.00%, 07/01/23 |
$ | 220 | $ | 227,383 | ||||
|
|
|
|||||||
| 4,422,044 | ||||||||
| Florida — 3.9% | ||||||||
|
City of Jacksonville FL RB |
||||||||
|
5.00%, 10/01/23 |
110 | 114,105 | ||||||
|
Series C, 5.00%, 10/01/23 |
100 | 103,732 | ||||||
|
City of Orlando FL RB, Series B, 5.00%, 10/01/23 |
135 | 140,325 | ||||||
|
City of Tallahassee FL Utility System Revenue RB, 5.00%, 10/01/23 |
35 | 36,406 | ||||||
|
City of Tampa FL Sales Tax Revenue RB, 5.00%, 10/01/23 |
100 | 103,930 | ||||||
|
County of Broward FL Airport System Revenue RB, Series C, 5.00%, 10/01/23 |
110 | 113,949 | ||||||
|
County of Miami-Dade FL Aviation Revenue RB, 5.00%, 10/01/23 |
330 | 341,381 | ||||||
|
County of Miami-Dade FL GO |
||||||||
|
5.00%, 07/01/23 |
25 | 25,839 | ||||||
|
Series 2015-D, 5.00%, 07/01/23 |
290 | 299,732 | ||||||
|
Series A, 5.00%, 07/01/23 |
390 | 403,087 | ||||||
|
County of Miami-Dade FL Transit System RB, 5.00%, 07/01/23 |
460 | 474,522 | ||||||
|
County of Miami-Dade FL Water & Sewer System Revenue RB |
||||||||
|
5.00%, 10/01/23 |
800 | 831,443 | ||||||
|
Series B, 5.00%, 10/01/23 |
205 | 213,057 | ||||||
|
County of Orange FL Sales Tax Revenue RB, Series C, 5.00%, 01/01/23 |
130 | 132,833 | ||||||
|
County of Orange FL Water Utility System Revenue RB, 5.00%, 10/01/23 |
110 | 114,417 | ||||||
|
County of Seminole FL Water & Sewer Revenue RB, Series A, 5.00%, 10/01/23 |
180 | 187,177 | ||||||
|
Florida Department of Environmental Protection RB |
||||||||
|
5.00%, 07/01/23 |
625 | 646,266 | ||||||
|
Series A, 5.00%, 07/01/23 |
765 | 791,029 | ||||||
|
Florida Department of Management Services COP, Series A, 5.00%, 08/01/23 |
210 | 217,530 | ||||||
|
Florida Municipal Power Agency RB, Series A, 5.00%, 10/01/23 |
125 | 129,753 | ||||||
|
Florida’s Turnpike Enterprise RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
700 | 723,408 | ||||||
|
Series B, 5.00%, 07/01/23 |
625 | 645,900 | ||||||
|
Series C, 5.00%, 07/01/23 |
25 | 25,836 | ||||||
|
Hillsborough County School Board COP 5.00%, 07/01/23 |
100 | 103,251 | ||||||
|
Series A, 5.00%, 07/01/23 |
60 | 61,950 | ||||||
|
Jacksonville Transportation Authority RB, 5.00%, 08/01/23 |
170 | 175,883 | ||||||
|
Miami-Dade County Expressway Authority RB, Series A, 4.00%, 07/01/23 |
115 | 117,134 | ||||||
|
Orange County School Board COP |
||||||||
|
Series A, 5.00%, 08/01/23 |
90 | 93,137 | ||||||
|
Series D, 5.00%, 08/01/23 |
50 | 51,743 | ||||||
|
Orlando Utilities Commission RB, Series A, 5.00%, 10/01/23 |
270 | 280,842 | ||||||
|
Orlando-Orange County Convention Center RB, 5.00%, 10/01/23 |
270 | 280,076 | ||||||
|
Orlando-Orange County Expressway Authority RB, Series B, 5.00%, 07/01/23 |
150 | 154,718 | ||||||
|
Palm Beach County School District COP |
||||||||
|
Series A, 5.00%, 08/01/23 |
50 | 51,743 | ||||||
|
Series B, 5.00%, 08/01/23 |
250 | 258,714 | ||||||
|
Pasco County School Board COP, Series A, 5.00%, 08/01/23 |
20 | 20,667 | ||||||
|
Reedy Creek Improvement District GOL |
||||||||
|
5.00%, 06/01/23 |
125 | 128,893 | ||||||
| Security | Par (000) |
Value | ||||||
|
Florida (continued) |
||||||||
|
Series A, 5.00%, 06/01/23 |
$ | 255 | $ | 262,941 | ||||
|
School Board of Miami-Dade County (The) COP, Series D, 5.00%, 02/01/23 |
150 | 153,370 | ||||||
|
School Board of Miami-Dade County (The) GO, 5.00%, 03/15/23 |
260 | 266,993 | ||||||
|
School District of Broward County/FL COP |
||||||||
|
Series A, 5.00%, 07/01/23 |
270 | 278,744 | ||||||
|
Series B, 5.00%, 07/01/23 |
170 | 175,506 | ||||||
|
Seminole County School Board COP, Series C, 5.00%, 07/01/23 |
20 | 20,650 | ||||||
|
State of Florida Department of Transportation RB, 5.00%, 07/01/23 |
100 | 103,321 | ||||||
|
State of Florida Department of Transportation Turnpike System Revenue RB, Series B, 5.00%, 07/01/23 |
140 | 144,682 | ||||||
|
State of Florida GO |
||||||||
|
5.00%, 06/01/23 |
1,035 | 1,067,905 | ||||||
|
5.00%, 07/01/23 |
50 | 51,701 | ||||||
|
Series A, 5.00%, 06/01/23 |
695 | 717,096 | ||||||
|
Series A, 5.00%, 07/01/23 |
950 | 982,324 | ||||||
|
Series B, 5.00%, 06/01/23 |
595 | 613,916 | ||||||
|
Series C, 5.00%, 06/01/23 |
355 | 366,286 | ||||||
|
Series E, 5.00%, 06/01/23 |
210 | 216,676 | ||||||
|
State of Florida Lottery Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
235 | 242,776 | ||||||
|
Series B, 5.00%, 07/01/23 |
700 | 723,163 | ||||||
|
Volusia County School Board COP, Series A, 5.00%, 08/01/23 (BAM) |
110 | 113,958 | ||||||
|
|
|
|||||||
| 15,096,416 | ||||||||
| Georgia — 1.2% | ||||||||
|
City of Atlanta GA Water & Wastewater Revenue RB |
||||||||
|
5.00%, 11/01/23 |
160 | 166,619 | ||||||
|
Series A, 5.00%, 11/01/23 |
125 | 130,171 | ||||||
|
City of Gainesville GA Water & Sewerage Revenue RB, 5.00%, 11/15/23 |
60 | 62,542 | ||||||
|
County of DeKalb GA Water & Sewerage Revenue RB, 5.00%, 10/01/23 |
135 | 140,325 | ||||||
|
County of Forsyth GA GO, Series B, 5.00%, 03/01/23 |
190 | 194,933 | ||||||
|
Forsyth County School District GO, 5.00%, 02/01/23 |
130 | 133,135 | ||||||
|
Georgia State Road & Tollway Authority RB, Series A, 5.00%, 06/01/23 |
150 | 154,622 | ||||||
|
Gwinnett County Development Authority COP, 5.25%, 01/01/23 (NPFGC) |
115 | 117,694 | ||||||
|
Gwinnett County Water & Sewerage Authority RB, 5.00%, 08/01/23 |
500 | 518,055 | ||||||
|
State of Georgia GO |
||||||||
|
Series A, 5.00%, 07/01/23 |
785 | 812,446 | ||||||
|
Series A-1, 5.00%, 02/01/23 |
450 | 461,056 | ||||||
|
Series C, 5.00%, 07/01/23 |
75 | 77,622 | ||||||
|
Series C-1, 5.00%, 07/01/23 |
150 | 155,245 | ||||||
|
Series D, 5.00%, 02/01/23 |
355 | 363,722 | ||||||
|
Series E, 5.00%, 12/01/23 |
140 | 146,338 | ||||||
|
Series F, 5.00%, 01/01/23 |
1,000 | 1,022,324 | ||||||
|
|
|
|||||||
| 4,656,849 | ||||||||
| Hawaii — 1.6% | ||||||||
|
City & County Honolulu HI Wastewater System Revenue RB, Series B, 5.00%, 07/01/23 |
555 | 573,885 | ||||||
|
City & County of Honolulu HI GO |
||||||||
|
5.00%, 08/01/23 |
220 | 227,944 | ||||||
|
Series A, 5.00%, 09/01/23 |
320 | 332,209 | ||||||
| 30 |
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 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Hawaii (continued) |
||||||||
|
Series A, 5.00%, 10/01/23 |
$ | 200 | $ | 207,889 | ||||
|
Series B, 4.00%, 10/01/23 |
100 | 102,562 | ||||||
|
Series B, 5.00%, 09/01/23 |
360 | 373,735 | ||||||
|
Series B, 5.00%, 10/01/23 |
100 | 103,945 | ||||||
|
Series C, 5.00%, 10/01/23 |
145 | 150,720 | ||||||
|
Series E, 4.00%, 09/01/23 |
145 | 148,644 | ||||||
|
County of Hawaii HI GO, Series D, 5.00%, 09/01/23 |
75 | 77,811 | ||||||
|
State of Hawaii GO |
||||||||
|
5.00%, 08/01/29 ( 08/01/23) |
500 | 517,805 | ||||||
|
Series EH, 5.00%, 08/01/30 (PR 08/01/23) |
325 | 336,572 | ||||||
|
Series EH-2017, 5.00%, 08/01/23 (ETM) |
520 | 538,516 | ||||||
|
Series EO, 5.00%, 08/01/23 (ETM) |
50 | 51,718 | ||||||
|
Series EP, 5.00%, 08/01/23 |
320 | 331,354 | ||||||
|
Series EY, 5.00%, 10/01/23 |
385 | 400,186 | ||||||
|
Series EZ, 5.00%, 10/01/23 |
150 | 155,917 | ||||||
|
Series FE, 5.00%, 10/01/23 |
300 | 311,834 | ||||||
|
Series FG, 4.00%, 10/01/23 |
135 | 138,459 | ||||||
|
Series FG, 5.00%, 10/01/23 |
70 | 72,761 | ||||||
|
Series FH, 5.00%, 10/01/23 |
50 | 51,972 | ||||||
|
Series FK, 4.00%, 05/01/23 |
115 | 117,235 | ||||||
|
Series FK, 5.00%, 05/01/23 |
215 | 221,285 | ||||||
|
Series FN, 5.00%, 10/01/23 |
130 | 135,128 | ||||||
|
State of Hawaii State Highway Fund RB |
||||||||
|
Series A, 5.00%, 01/01/23 |
100 | 102,145 | ||||||
|
Series B, 4.00%, 01/01/23 |
165 | 167,461 | ||||||
|
Series B, 5.00%, 01/01/23 |
280 | 286,007 | ||||||
|
|
|
|||||||
| 6,235,699 | ||||||||
| Idaho — 0.0% | ||||||||
|
Idaho Housing & Finance Association RB, 5.00%, 07/15/23 |
110 | 113,664 | ||||||
|
|
|
|||||||
| Illinois — 1.8% | ||||||||
|
Chicago O’Hare International Airport RB |
||||||||
|
4.13%, 01/01/23 |
50 | 50,670 | ||||||
|
Series C, 5.00%, 01/01/23 |
100 | 101,912 | ||||||
|
Series B, 5.00%, 01/01/23 |
500 | 509,561 | ||||||
|
Series D, 5.00%, 01/01/23 |
90 | 91,721 | ||||||
|
Chicago Transit Authority Capital Grant Receipts Revenue RB, 5.00%, 06/01/23 |
200 | 205,838 | ||||||
|
Illinois Finance Authority RB |
||||||||
|
5.00%, 01/01/23 |
335 | 341,964 | ||||||
|
5.00%, 07/01/23 |
700 | 722,589 | ||||||
|
5.00%, 12/01/23 |
275 | 286,882 | ||||||
|
Series A, 5.00%, 10/01/23 |
135 | 140,248 | ||||||
|
State of Illinois GO |
||||||||
|
5.00%, 02/01/23 |
120 | 122,338 | ||||||
|
5.00%, 05/01/23 |
625 | 639,837 | ||||||
|
5.00%, 06/01/23 |
165 | 169,192 | ||||||
|
5.00%, 07/01/23 |
235 | 241,352 | ||||||
|
5.00%, 08/01/23 |
380 | 390,875 | ||||||
|
5.38%, 05/01/23 |
145 | 148,973 | ||||||
|
Series A, 5.00%, 04/01/23 |
250 | 255,620 | ||||||
|
Series A, 5.00%, 10/01/23 |
200 | 206,336 | ||||||
|
Series B, 5.00%, 03/01/23 |
250 | 255,245 | ||||||
|
Series B, 5.00%, 10/01/23 |
460 | 474,573 | ||||||
|
Series B, 5.00%, 12/01/23 |
50 | 51,724 | ||||||
|
Series D, 5.00%, 11/01/23 |
915 | 945,339 | ||||||
|
State of Illinois RB |
||||||||
|
5.00%, 06/15/23 |
325 | 332,998 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Illinois (continued) |
||||||||
|
First Series, 6.00%, 06/15/23 (NPFGC) |
$ | 90 | $ | 93,244 | ||||
|
Series C, 4.00%, 06/15/23 |
25 | 25,371 | ||||||
|
|
|
|||||||
| 6,804,402 | ||||||||
| Indiana — 0.9% | ||||||||
|
Ball State University, Series R, 5.00%, 07/01/23 |
170 | 175,585 | ||||||
|
Indiana Finance Authority RB |
||||||||
|
5.00%, 10/01/23 |
425 | 441,825 | ||||||
|
Series 2, 5.00%, 10/01/23 |
255 | 265,095 | ||||||
|
Series A, 5.00%, 02/01/23 |
60 | 61,402 | ||||||
|
Series A, 5.00%, 06/01/23 |
120 | 123,646 | ||||||
|
Series A, 5.00%, 12/01/23 |
100 | 104,035 | ||||||
|
Series B, 5.00%, 02/01/23 |
55 | 56,285 | ||||||
|
Series C, 5.00%, 12/01/23 |
1,120 | 1,169,103 | ||||||
|
Indiana Municipal Power Agency RB, Series A, 5.00%, 01/01/23 |
130 | 132,806 | ||||||
|
Indiana University RB |
||||||||
|
Series A, 5.00%, 06/01/23 |
175 | 180,526 | ||||||
|
Series X, 5.00%, 08/01/23 |
185 | 191,611 | ||||||
|
Purdue University COP |
||||||||
|
5.25%, 07/01/23 |
145 | 150,330 | ||||||
|
Series A, 5.00%, 07/01/23 |
195 | 201,612 | ||||||
|
Purdue University RB |
||||||||
|
5.00%, 07/01/23 |
130 | 134,408 | ||||||
|
Series A, 4.00%, 07/01/23 |
85 | 86,912 | ||||||
|
Series BB-1, 5.00%, 07/01/23 |
75 | 77,543 | ||||||
|
|
|
|||||||
| 3,552,724 | ||||||||
| Iowa — 0.4% | ||||||||
|
County of Polk IA GO, Series C, 5.00%, 06/01/23 |
220 | 226,684 | ||||||
|
Iowa City Community School District RB, 5.00%, 06/01/23 |
55 | 56,659 | ||||||
|
Iowa Finance Authority RB, 5.00%, 08/01/23 |
255 | 264,176 | ||||||
|
State of Iowa RB |
||||||||
|
5.00%, 06/15/23 |
145 | 149,687 | ||||||
|
Series A, 5.00%, 06/01/23 |
665 | 685,853 | ||||||
|
|
|
|||||||
| 1,383,059 | ||||||||
| Kansas — 0.4% | ||||||||
|
City of Wichita KS GO, Series 811, 5.00%, 06/01/23 |
135 | 139,307 | ||||||
|
Johnson County Water District No. 1 RB, Series A, 5.00%, 01/01/23 |
210 | 214,548 | ||||||
|
Kansas Development Finance Authority RB, Series B, 5.00%, 05/01/23 |
190 | 195,383 | ||||||
|
Sedgwick County Unified School District No. 259 Wichita GO, Series A, 4.00%, 10/01/23 |
70 | 71,804 | ||||||
|
State of Kansas Department of Transportation RB, Series A, 5.00%, 09/01/23 |
685 | 711,134 | ||||||
|
Wyandotte County-Kansas City Unified Government GO, Series D, 5.00%, 08/01/23 |
100 | 103,598 | ||||||
|
|
|
|||||||
| 1,435,774 | ||||||||
| Kentucky — 0.2% | ||||||||
|
Kentucky Asset Liability Commission RB, 5.25%, 09/01/23 |
500 | 520,034 | ||||||
|
Louisville & Jefferson County Metropolitan Sewer District RB, Series C, 5.00%, 05/15/23 |
125 | 128,844 | ||||||
|
|
|
|||||||
| 648,878 | ||||||||
| Louisiana — 0.5% | ||||||||
|
State of Louiliana RB, Series A, 5.00%, 06/15/23 |
25 | 25,819 | ||||||
|
State of Louisiana GO |
||||||||
|
5.00%, 08/01/23 |
120 | 124,183 | ||||||
|
5.00%, 12/01/23 |
275 | 286,664 | ||||||
|
Series A, 4.00%, 09/01/23 |
75 | 76,785 | ||||||
|
Series A, 5.00%, 02/01/23 |
210 | 214,875 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
31 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Louisiana (continued) |
||||||||
|
Series A, 5.00%, 04/01/23 |
$ | 35 | $ | 35,946 | ||||
|
Series C, 5.00%, 07/15/23 |
150 | 155,068 | ||||||
|
Series C, 5.00%, 08/01/23 |
500 | 517,428 | ||||||
|
State of Louisiana RB |
||||||||
|
5.00%, 09/01/23 |
60 | 62,281 | ||||||
|
Series A, 5.00%, 06/15/23 |
300 | 309,833 | ||||||
|
|
|
|||||||
| 1,808,882 | ||||||||
| Maine — 0.6% | ||||||||
|
City of Portland ME GOL, 4.00%, 04/01/23 |
115 | 117,119 | ||||||
|
Maine Municipal Bond Bank RB |
||||||||
|
Series A, 5.00%, 09/01/23 |
675 | 700,753 | ||||||
|
Series A, 5.00%, 11/01/23 |
125 | 130,190 | ||||||
|
Series C, 5.00%, 11/01/23 |
225 | 234,341 | ||||||
|
Maine Turnpike Authority RB, 5.00%, 07/01/23 |
90 | 92,936 | ||||||
|
State of Maine GO, Series B, 5.00%, 06/01/23 |
990 | 1,021,367 | ||||||
|
|
|
|||||||
| 2,296,706 | ||||||||
| Maryland — 4.0% | ||||||||
|
City of Baltimore MD GO, Series A, 5.00%, 10/15/23 |
200 | 208,185 | ||||||
|
City of Baltimore MD RB, Series D, 5.00%, 07/01/23 |
330 | 341,074 | ||||||
|
County of Anne Arundel MD GOL |
||||||||
|
5.00%, 04/01/23 |
115 | 118,226 | ||||||
|
5.00%, 10/01/23 |
75 | 78,022 | ||||||
|
County of Baltimore MD GO |
||||||||
|
5.00%, 02/01/23 |
510 | 522,223 | ||||||
|
5.00%, 11/01/23 |
180 | 187,581 | ||||||
|
County of Charles MD GO |
||||||||
|
5.00%, 10/01/23 |
1,030 | 1,070,629 | ||||||
|
5.00%, 11/01/23 |
10 | 10,414 | ||||||
|
County of Frederick MD GO, Series A, 5.00%, 08/01/23 |
240 | 248,516 | ||||||
|
County of Harford MD GO |
||||||||
|
5.00%, 07/01/23 |
1,500 | 1,550,336 | ||||||
|
5.00%, 09/15/23 |
260 | 270,017 | ||||||
|
County of Howard MD GO, Series A, 5.00%, 02/15/23 |
155 | 158,892 | ||||||
|
County of Montgomery MD GO |
||||||||
|
5.00%, 11/01/23 |
125 | 130,397 | ||||||
|
Series A, 5.00%, 11/01/23 |
590 | 615,471 | ||||||
|
Series A, 5.00%, 12/01/23 |
675 | 705,452 | ||||||
|
Series B, 5.00%, 11/01/23 |
465 | 485,075 | ||||||
|
Series B, 5.00%, 12/01/23 |
620 | 647,970 | ||||||
|
Series C, 5.00%, 10/01/23 |
295 | 307,140 | ||||||
|
County of Prince George’s MD COP, 5.00%, 10/15/23 |
25 | 26,008 | ||||||
|
County of Prince George’s MD GO, Series A, 5.00%, 09/15/23 |
120 | 124,723 | ||||||
|
County of Prince George’s MD GOL, Series A, 5.00%, 07/01/23 |
235 | 243,051 | ||||||
|
State of Maryland Department of Transportation RB |
||||||||
|
4.00%, 09/01/23 |
305 | 312,543 | ||||||
|
5.00%, 02/15/23 |
690 | 706,996 | ||||||
|
5.00%, 09/01/23 |
200 | 207,550 | ||||||
|
5.00%, 10/01/23 |
910 | 946,154 | ||||||
|
State of Maryland GO |
||||||||
|
First Series, 5.00%, 06/01/23 |
715 | 737,887 | ||||||
|
Second Series, 5.00%, 08/01/23 |
90 | 93,261 | ||||||
|
Series A, 5.00%, 03/01/23 |
275 | 282,162 | ||||||
|
Series A, 5.00%, 08/01/23 |
510 | 528,480 | ||||||
|
Series B, 4.00%, 08/01/23 |
595 | 609,289 | ||||||
|
Series C, 5.00%, 08/01/23 |
1,320 | 1,367,831 | ||||||
|
Washington Suburban Sanitary Commission RB |
||||||||
|
4.00%, 06/01/23 (GTD) |
185 | 188,939 | ||||||
| Security | Par (000) |
Value | ||||||
|
Maryland (continued) |
||||||||
|
5.00%, 06/01/23 (GTD) |
$ | 725 | $ | 748,129 | ||||
|
5.00%, 06/15/23 (GTD) |
575 | 593,910 | ||||||
|
|
|
|||||||
| 15,372,533 | ||||||||
| Massachusetts — 2.3% | ||||||||
|
City of Boston MA GO, Series A, 5.00%, 03/01/23 |
235 | 241,159 | ||||||
|
Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue RB, Series A, 5.00%, 06/15/23 |
390 | 402,870 | ||||||
|
Commonwealth of Massachusetts GOL |
||||||||
|
Series 8, 5.00%, 07/01/23 |
175 | 181,037 | ||||||
|
Series A, 4.20%, 08/01/23 (AMBAC) |
100 | 102,683 | ||||||
|
Series A, 5.00%, 03/01/23 |
260 | 266,837 | ||||||
|
Series A, 5.00%, 05/01/23 |
105 | 108,164 | ||||||
|
Series A, 5.00%, 07/01/23 |
235 | 243,106 | ||||||
|
Series B, 5.00%, 01/01/23 |
100 | 102,206 | ||||||
|
Series B, 5.00%, 07/01/23 |
1,030 | 1,065,529 | ||||||
|
Series B, 5.25%, 08/01/23 |
70 | 72,777 | ||||||
|
Series B, 5.25%, 09/01/23 (AGM) |
225 | 234,438 | ||||||
|
Series C, 5.00%, 10/01/23 |
110 | 114,480 | ||||||
|
Series C, 5.50%, 12/01/23 (AMBAC) |
500 | 525,857 | ||||||
|
Series D, 5.00%, 07/01/23 |
280 | 289,658 | ||||||
|
Series E, 5.00%, 11/01/23 |
985 | 1,027,080 | ||||||
|
Series H, 5.00%, 12/01/23 |
120 | 125,280 | ||||||
|
Commonwealth of Massachusetts Transportation Fund Revenue RB, Series A, 5.00%, 06/01/23 |
375 | 386,678 | ||||||
|
Massachusetts Bay Transportation Authority RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
250 | 258,418 | ||||||
|
Series B, 5.25%, 07/01/23 |
445 | 461,255 | ||||||
|
Series C, 5.50%, 07/01/23 |
75 | 77,954 | ||||||
|
Massachusetts Bay Transportation Authority Sales Tax Revenue RB, Series A, 5.00%, 07/01/23 |
325 | 335,944 | ||||||
|
Massachusetts Clean Water Trust (The) RB, 5.00%, 08/01/23 |
255 | 264,208 | ||||||
|
Massachusetts Department of Transportation RB, Series C, 0.00%, 01/01/23 (NPFGC)(a) |
85 | 83,923 | ||||||
|
Massachusetts School Building Authority RB |
||||||||
|
Series A, 5.00%, 05/15/23 |
425 | 437,946 | ||||||
|
Series A, 5.00%, 11/15/23 (ETM) |
85 | 88,619 | ||||||
|
Series A, 5.00%, 05/15/38 (PR 05/15/23) |
325 | 334,730 | ||||||
|
Series C, 4.00%, 08/15/23 (ETM) |
60 | 61,447 | ||||||
|
Massachusetts State College Building Authority RB |
||||||||
|
5.00%, 05/01/23 (ST INTERCEPT) |
100 | 102,933 | ||||||
|
Series A, 4.00%, 05/01/23 |
150 | 152,930 | ||||||
|
Massachusetts Water Resources Authority RB |
||||||||
|
Series A, 5.00%, 08/01/23 |
115 | 119,080 | ||||||
|
Series B, 5.25%, 08/01/23 (AGM) |
275 | 285,597 | ||||||
|
University of Massachusetts Building Authority RB |
||||||||
|
5.00%, 11/01/23 |
100 | 104,137 | ||||||
|
Series 2021-1, 5.00%, 11/01/23 |
345 | 359,272 | ||||||
|
|
|
|||||||
| 9,018,232 | ||||||||
| Michigan — 1.0% | ||||||||
|
County of Macomb MI GOL, 4.00%, 05/01/23 |
100 | 101,993 | ||||||
|
Great Lakes Water Authority Water Supply System Revenue RB, Series A, 5.00%, 07/01/23 |
310 | 319,823 | ||||||
|
Michigan Finance Authority RB |
||||||||
|
5.00%, 11/15/23 |
50 | 52,049 | ||||||
|
Series B, 5.00%, 10/01/23 |
270 | 280,804 | ||||||
|
Michigan State Building Authority RB |
||||||||
|
Series I, 5.00%, 04/15/23 |
990 | 1,018,395 | ||||||
|
Series I, 5.00%, 10/15/23 |
210 | 218,594 | ||||||
| 32 |
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 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Michigan (continued) |
||||||||
|
State of Michigan GO |
||||||||
|
5.00%, 12/01/23 |
$ | 75 | $ | 78,300 | ||||
|
Series A, 5.00%, 05/01/23 |
55 | 56,635 | ||||||
|
Series A, 5.00%, 12/01/23 |
190 | 198,360 | ||||||
|
Series B, 5.00%, 11/01/23 |
20 | 20,842 | ||||||
|
State of Michigan RB, 5.00%, 03/15/23 |
500 | 512,356 | ||||||
|
State of Michigan Trunk Line Revenue RB, 5.00%, 11/15/23 |
70 | 72,966 | ||||||
|
University of Michigan RB, Series A, 5.00%, 04/01/23 |
700 | 719,377 | ||||||
|
Wayne County Airport Authority RB, Series G, 5.00%, 12/01/23 |
100 | 103,925 | ||||||
|
|
|
|||||||
| 3,754,419 | ||||||||
| Minnesota — 1.6% | ||||||||
|
City of Rochester MN Electric Utility Revenue RB, Series E, 5.00%, 12/01/23 |
25 | 26,072 | ||||||
|
County of Hennepin MN GO |
||||||||
|
5.00%, 12/01/23 |
305 | 318,517 | ||||||
|
Series C, 5.00%, 12/01/23 |
385 | 402,063 | ||||||
|
Series A, 5.00%, 12/01/23 |
95 | 99,210 | ||||||
|
Series C, 5.00%, 12/01/23 |
70 | 73,102 | ||||||
|
Elk River Independent School District No. 728 GO, Series A, 5.00%, 02/01/23 |
85 | 87,031 | ||||||
|
Metropolitan Council GO |
||||||||
|
Series A, 5.00%, 03/01/23 |
320 | 328,013 | ||||||
|
Series B, 5.00%, 12/01/23 |
225 | 234,900 | ||||||
|
Minnesota Municipal Power Agency RB, 5.00%, 10/01/23 |
30 | 31,132 | ||||||
|
Minnesota Public Facilities Authority RB, Series A, 5.00%, 03/01/23 |
285 | 292,447 | ||||||
|
Southern Minnesota Municipal Power Agency RB, Series A, 5.00%, 01/01/23 |
115 | 117,352 | ||||||
|
State of Minnesota GO |
||||||||
|
5.00%, 10/01/23 |
750 | 780,971 | ||||||
|
Series D, 5.00%, 10/01/23 |
100 | 104,129 | ||||||
|
Series A, 5.00%, 08/01/23 |
595 | 617,084 | ||||||
|
Series B, 5.00%, 08/01/23 |
840 | 871,175 | ||||||
|
Series B, 5.00%, 10/01/23 |
250 | 260,324 | ||||||
|
Series D, 5.00%, 08/01/23 |
745 | 772,650 | ||||||
|
Series F, 5.00%, 10/01/23 |
175 | 182,227 | ||||||
|
State of Minnesota RB, Series A, 5.00%, 06/01/23 |
580 | 597,558 | ||||||
|
|
|
|||||||
| 6,195,957 | ||||||||
| Mississippi — 0.1% | ||||||||
|
State of Mississippi GO, Series F, 5.25%, 10/01/23 |
215 | 224,377 | ||||||
|
|
|
|||||||
|
Missouri — 1.0% |
||||||||
|
City of Kansas City MO GO, Series A, 5.00%, 02/01/23 |
550 | 562,768 | ||||||
|
City of Springfield MO Public Utility Revenue RB, 5.00%, 08/01/23 |
175 | 181,100 | ||||||
|
Metropolitan St Louis Sewer District RB, Series B, 5.00%, 05/01/25 (PR 05/01/23) |
175 | 180,045 | ||||||
|
Missouri Highway & Transportation Commission RB |
||||||||
|
Series A, 4.00%, 05/01/23 |
100 | 102,023 | ||||||
|
Series A, 5.00%, 05/01/23 |
330 | 339,911 | ||||||
|
Series B, 5.00%, 05/01/23 |
125 | 128,754 | ||||||
|
Series C, 5.00%, 02/01/23 |
620 | 635,000 | ||||||
|
Series S, 5.00%, 05/01/23 |
490 | 504,716 | ||||||
|
Missouri State Board of Public Buildings RB |
||||||||
|
5.00%, 10/01/23 |
225 | 233,971 | ||||||
|
Series A, 4.00%, 04/01/23 |
295 | 300,542 | ||||||
|
Series B, 5.00%, 10/01/23 |
120 | 124,785 | ||||||
| Security | Par (000) |
Value | ||||||
|
Missouri (continued) |
||||||||
|
Missouri State Environmental Improvement & Energy Resources Authority RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
$ | 160 | $ | 165,444 | ||||
|
Series B, 5.00%, 01/01/23 |
80 | 81,743 | ||||||
|
Series B, 5.00%, 07/01/23 |
405 | 418,780 | ||||||
|
|
|
|||||||
| 3,959,582 | ||||||||
| Nebraska — 0.8% | ||||||||
|
Nebraska Public Power District RB, Series B, 5.00%, 01/01/23 |
235 | 239,916 | ||||||
|
Omaha Public Power District RB |
||||||||
|
5.00%, 02/01/23 |
1,935 | 1,979,920 | ||||||
|
Series A, 5.00%, 02/01/23 |
740 | 757,179 | ||||||
|
|
|
|||||||
| 2,977,015 | ||||||||
| Nevada — 2.9% | ||||||||
|
City of Las Vegas NV GOL, Series A, 5.00%, 06/01/23 |
115 | 118,544 | ||||||
|
Clark County School District GOL |
||||||||
|
Series A, 5.00%, 06/15/23 |
300 | 309,192 | ||||||
|
Series A, 5.00%, 06/15/23 |
300 | 309,192 | ||||||
|
Series B, 5.00%, 06/15/23 |
260 | 267,966 | ||||||
|
Clark County Water Reclamation District GOL, 5.00%, 07/01/23 |
1,140 | 1,178,122 | ||||||
|
County of Clark Department of Aviation RB |
||||||||
|
5.00%, 07/01/23 |
215 | 221,687 | ||||||
|
Series A, 5.00%, 07/01/23 |
150 | 154,665 | ||||||
|
County of Clark NV GOL |
||||||||
|
5.00%, 06/01/23 |
75 | 77,352 | ||||||
|
5.00%, 11/01/23 |
580 | 603,993 | ||||||
|
5.00%, 12/01/23 |
100 | 104,321 | ||||||
|
Series A, 5.00%, 11/01/23 |
355 | 369,685 | ||||||
|
County of Clark NV Passenger Facility Charge Revenue RB, 5.00%, 07/01/23 |
250 | 257,776 | ||||||
|
County of Clark NV RB, 5.00%, 07/01/23 |
950 | 980,657 | ||||||
|
Las Vegas Valley Water District GOL |
||||||||
|
5.00%, 06/01/23 |
1,180 | 1,216,234 | ||||||
|
Series A, 5.00%, 06/01/23 |
570 | 587,503 | ||||||
|
Series B, 5.00%, 12/01/23 |
125 | 130,282 | ||||||
|
Nevada System of Higher Education COP, Series A, 5.00%, 07/01/23 |
40 | 41,267 | ||||||
|
Nevada System of Higher Education RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
150 | 154,700 | ||||||
|
Series B, 5.00%, 07/01/23 |
100 | 103,134 | ||||||
|
State of Nevada GOL |
||||||||
|
5.00%, 11/01/23 |
1,000 | 1,042,119 | ||||||
|
Series D, 5.00%, 04/01/23 |
380 | 390,624 | ||||||
|
Series D-1, 5.00%, 03/01/23 |
675 | 692,523 | ||||||
|
Series H-1, 5.00%, 06/01/23 |
210 | 216,699 | ||||||
|
State of Nevada Highway Improvement Revenue RB, 5.00%, 12/01/23 |
1,190 | 1,242,360 | ||||||
|
Truckee Meadows Water Authority RB, 5.00%, 07/01/23 |
230 | 237,826 | ||||||
|
Washoe County School District/NV GOL |
||||||||
|
Series A, 5.00%, 06/01/23 (PSF) |
190 | 195,958 | ||||||
|
Series F, 5.00%, 06/01/23 |
40 | 41,254 | ||||||
|
|
|
|||||||
| 11,245,635 | ||||||||
| New Hampshire — 0.2% | ||||||||
|
New Hampshire Health and Education Facilities Authority Act RB, 5.00%, 07/01/23 |
125 | 129,005 | ||||||
|
New Hampshire Municipal Bond Bank RB |
||||||||
|
Series B, 5.00%, 08/15/23 |
100 | 103,564 | ||||||
|
Series C, 5.25%, 08/15/23 (HERBIP) |
100 | 103,879 | ||||||
|
Series E, 5.00%, 08/15/23 |
125 | 129,600 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
33 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
New Hampshire (continued) |
||||||||
|
State of New Hampshire GO, Series A, 5.00%, 03/01/23 |
$ | 200 | $ | 205,242 | ||||
|
|
|
|||||||
| 671,290 | ||||||||
| New Jersey — 1.9% | ||||||||
|
County of Monmouth NJ GO |
||||||||
|
5.00%, 01/15/23 |
120 | 122,653 | ||||||
|
5.00%, 07/15/23 |
115 | 118,969 | ||||||
|
Monmouth County Improvement Authority (The) RB |
||||||||
|
5.00%, 07/15/23 |
160 | 165,580 | ||||||
|
Series B, 4.00%, 08/01/23 (GTD) |
115 | 117,733 | ||||||
|
Series B, 5.00%, 12/01/23 (GTD) |
245 | 255,741 | ||||||
|
New Jersey Economic Development Authority RB |
||||||||
|
5.00%, 06/15/23 |
150 | 154,596 | ||||||
|
Series B, 5.00%, 11/01/23 (SAP) |
470 | 486,347 | ||||||
|
Series DDD, 5.00%, 06/15/23 |
100 | 103,064 | ||||||
|
Series N-1, 5.50%, 09/01/23 (NPFGC) |
200 | 207,861 | ||||||
|
Series NN, 5.00%, 03/01/23 |
800 | 819,766 | ||||||
|
Series UU, 5.00%, 06/15/23 |
50 | 51,532 | ||||||
|
Series XX, 5.00%, 06/15/23 (SAP) |
1,005 | 1,035,792 | ||||||
|
New Jersey Educational Facilities Authority RB |
||||||||
|
5.00%, 06/01/23 (SAP) |
95 | 97,824 | ||||||
|
5.00%, 06/15/23 |
140 | 144,289 | ||||||
|
Series B, 5.00%, 07/01/23 |
50 | 51,701 | ||||||
|
New Jersey Transportation Trust Fund Authority RB |
||||||||
|
Series A, 5.00%, 06/15/23 |
405 | 417,181 | ||||||
|
Series A, 5.75%, 06/15/23 (NPFGC) |
100 | 103,886 | ||||||
|
Series AA, 5.00%, 06/15/23 |
505 | 520,473 | ||||||
|
New Jersey Turnpike Authority RB |
||||||||
|
Series A, 5.00%, 01/01/23 (ETM) |
10 | 10,214 | ||||||
|
Series B, 5.00%, 01/01/23 |
255 | 260,216 | ||||||
|
Series C, 5.00%, 01/01/23 |
170 | 173,477 | ||||||
|
State of New Jersey GO |
||||||||
|
5.00%, 06/01/23 |
560 | 575,801 | ||||||
|
Series A, 4.00%, 06/01/23 |
895 | 910,689 | ||||||
|
Series T, 5.00%, 06/01/23 |
350 | 359,875 | ||||||
|
|
|
|||||||
| 7,265,260 | ||||||||
| New Mexico — 0.9% | ||||||||
|
County of Santa Fe NM GO, 5.00%, 07/01/23 |
145 | 149,883 | ||||||
|
County of Santa Fe NM RB, 5.00%, 06/01/23 |
185 | 190,721 | ||||||
|
New Mexico Finance Authority RB |
||||||||
|
Series A, 5.00%, 06/15/23 |
145 | 149,622 | ||||||
|
Series B, 5.00%, 06/01/23 |
140 | 144,481 | ||||||
|
State of New Mexico GO |
||||||||
|
5.00%, 03/01/23 |
100 | 102,554 | ||||||
|
Series B, 5.00%, 03/01/23 |
600 | 615,325 | ||||||
|
State of New Mexico Severance Tax Permanent Fund RB |
||||||||
|
5.00%, 07/01/23 |
155 | 160,183 | ||||||
|
Series A, 5.00%, 07/01/23 |
1,250 | 1,291,800 | ||||||
|
Series B, 4.00%, 07/01/23 |
390 | 398,592 | ||||||
|
Series B, 5.00%, 07/01/23 |
40 | 41,338 | ||||||
|
University of New Mexico (The) RB |
||||||||
|
Series A, 5.00%, 06/01/23 |
195 | 200,798 | ||||||
|
Series C, 5.00%, 06/01/23 |
100 | 102,973 | ||||||
|
|
|
|||||||
| 3,548,270 | ||||||||
| New York — 9.3% | ||||||||
|
City of New York NY GO |
||||||||
|
Series 1, 5.00%, 08/01/23 |
375 | 388,353 | ||||||
|
Series A, 4.00%, 08/01/23 |
150 | 153,509 | ||||||
|
Series A, 5.00%, 08/01/23 |
340 | 352,107 | ||||||
|
Series A-1, 5.00%, 08/01/23 |
320 | 331,395 | ||||||
| Security | Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Series C, 5.00%, 08/01/23 |
$ | 2,075 | $ | 2,148,886 | ||||
|
Series C-1, 5.00%, 08/01/23 |
250 | 258,902 | ||||||
|
Series D, 5.00%, 08/01/23 |
35 | 36,246 | ||||||
|
Series D-1, 5.00%, 08/01/23 |
50 | 51,780 | ||||||
|
Series E, 5.00%, 08/01/23 |
210 | 217,478 | ||||||
|
Series G, 5.00%, 08/01/23 |
705 | 730,103 | ||||||
|
Series H, 5.00%, 08/01/23 |
765 | 792,240 | ||||||
|
Series I, 5.00%, 03/01/23 |
65 | 66,677 | ||||||
|
Series I, 5.00%, 03/01/23 (ETM) |
10 | 10,252 | ||||||
|
Series I, 5.00%, 08/01/23 |
250 | 258,902 | ||||||
|
Series J, 5.00%, 08/01/23 |
800 | 828,487 | ||||||
|
County of Albany NY GOL, 4.00%, 08/01/23 |
100 | 102,302 | ||||||
|
County of Nassau NY GOL, Series C, 5.00%, 04/01/28 (PR 04/01/23) (AGM) |
515 | 529,209 | ||||||
|
Hudson Yards Infrastructure Corp. RB |
||||||||
|
4.00%, 02/15/23 |
155 | 157,533 | ||||||
|
Series A, 5.00%, 02/15/23 |
175 | 179,214 | ||||||
|
Long Island Power Authority RB |
||||||||
|
5.00%, 09/01/23 |
400 | 415,368 | ||||||
|
Series A, 5.00%, 09/01/23 |
150 | 155,763 | ||||||
|
Metropolitan Transportation Authority RB |
||||||||
|
4.00%, 11/15/23 |
200 | 204,450 | ||||||
|
Series A, 5.00%, 11/15/23 |
10 | 10,397 | ||||||
|
Series A-1, 5.00%, 11/15/23 |
50 | 51,860 | ||||||
|
Series A-2, 5.00%, 11/15/23 |
195 | 202,254 | ||||||
|
Series B, 5.00%, 11/15/23 |
930 | 964,585 | ||||||
|
Series B-3, 5.00%, 11/15/23 |
55 | 57,046 | ||||||
|
Series C, 5.00%, 11/15/23 |
160 | 165,951 | ||||||
|
Series C-1, 5.00%, 11/15/23 |
365 | 378,576 | ||||||
|
Series D, 5.00%, 11/15/23 |
400 | 414,878 | ||||||
|
Series F, 5.00%, 11/15/23 |
140 | 145,207 | ||||||
|
New York City Transitional Finance Authority Building Aid Revenue RB |
||||||||
|
Series S-1, 5.00%, 07/15/23 (SAW) |
650 | 672,488 | ||||||
|
Series S-2, 5.00%, 07/15/23 (SAW) |
370 | 382,770 | ||||||
|
Series S-3, 5.00%, 07/15/23 (SAW) |
200 | 206,903 | ||||||
|
Series S-4A, 5.00%, 07/15/23 (SAW) |
250 | 258,666 | ||||||
|
New York City Transitional Finance Authority Future Tax Secured Revenue RB |
||||||||
|
5.00%, 11/01/23 |
395 | 411,637 | ||||||
|
Series A-1, 4.00%, 08/01/23 |
125 | 128,002 | ||||||
|
Series A-1, 5.00%, 08/01/23 |
1,590 | 1,647,614 | ||||||
|
Series A-3, 5.00%, 08/01/23 |
210 | 217,609 | ||||||
|
Series B-1, 4.00%, 08/01/23 |
100 | 102,401 | ||||||
|
Series B-1, 5.00%, 11/01/23 |
100 | 104,212 | ||||||
|
Series C, 5.00%, 11/01/23 |
640 | 666,957 | ||||||
|
Series D, 5.00%, 11/01/23 |
315 | 328,267 | ||||||
|
Series E-1, 5.00%, 02/01/23 |
25 | 25,601 | ||||||
|
Series F-1, 5.00%, 02/01/23 |
295 | 302,092 | ||||||
|
Sub-Series C, 5.00%, 11/01/23 |
645 | 672,167 | ||||||
|
New York City Water & Sewer System RB |
||||||||
|
Series AA, 4.00%, 06/15/23 |
175 | 178,780 | ||||||
|
Series AA-2, 5.00%, 06/15/23 |
885 | 913,836 | ||||||
|
Series BB2, 4.00%, 06/15/23 |
135 | 137,897 | ||||||
|
Series DD, 5.00%, 06/15/23 |
385 | 397,545 | ||||||
|
New York Convention Center Development Corp. RB |
||||||||
|
5.00%, 11/15/23 |
25 | 25,971 | ||||||
|
Series B, 5.00%, 11/15/23 |
20 | 20,715 | ||||||
|
New York State Dormitory Authority RB |
||||||||
|
5.00%, 07/01/23 |
100 | 103,286 | ||||||
| 34 |
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 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Series 2015 B-A, 5.00%, 03/15/23 |
$ | 110 | $ | 112,959 | ||||
|
Series A, 4.00%, 03/15/23 |
60 | 61,096 | ||||||
|
Series A, 4.00%, 10/01/23 (SAW) |
240 | 245,778 | ||||||
|
Series A, 5.00%, 02/15/23 |
1,420 | 1,455,332 | ||||||
|
Series A, 5.00%, 03/15/23 |
1,385 | 1,422,251 | ||||||
|
Series A, 5.00%, 07/01/23 |
110 | 113,601 | ||||||
|
Series A, 5.00%, 10/01/23 (AGM) |
65 | 67,407 | ||||||
|
Series A, 5.00%, 10/01/23 (SAW) |
150 | 155,661 | ||||||
|
Series A, 5.00%, 02/15/36 (PR 02/15/23) |
1,000 | 1,024,895 | ||||||
|
Series A, 5.50%, 05/15/23 (NPFGC) |
205 | 212,346 | ||||||
|
Series B, 5.00%, 02/15/23 |
760 | 778,909 | ||||||
|
Series B, 5.00%, 07/01/23 |
315 | 325,534 | ||||||
|
Series B, 5.00%, 10/01/23 |
200 | 208,060 | ||||||
|
Series C, 5.00%, 03/15/23 |
835 | 857,458 | ||||||
|
Series D, 5.00%, 02/15/23 |
335 | 343,340 | ||||||
|
Series E, 5.00%, 02/15/23 |
325 | 333,083 | ||||||
|
Series E, 5.00%, 03/15/23 |
245 | 251,572 | ||||||
|
Series E, 5.00%, 10/01/23 (SAW) |
50 | 51,887 | ||||||
|
New York State Environmental Facilities Corp. RB |
||||||||
|
5.00%, 05/15/23 |
200 | 206,170 | ||||||
|
5.00%, 06/15/23 |
605 | 624,965 | ||||||
|
Series B, 5.00%, 06/15/23 |
110 | 113,630 | ||||||
|
Series D, 5.00%, 09/15/23 |
175 | 181,863 | ||||||
|
New York State Thruway Authority RB |
||||||||
|
Series K, 5.00%, 01/01/23 |
160 | 163,411 | ||||||
|
Series L, 5.00%, 01/01/23 |
260 | 265,544 | ||||||
|
New York State Urban Development Corp. RB |
||||||||
|
Series A, 5.00%, 03/15/23 |
1,370 | 1,406,848 | ||||||
|
Series A-2, 5.00%, 03/15/23 |
175 | 179,707 | ||||||
|
Series C-1, 5.00%, 03/15/23 |
325 | 333,741 | ||||||
|
Series D, 5.00%, 03/15/23 |
805 | 826,651 | ||||||
|
Series E, 5.00%, 03/15/23 |
140 | 143,765 | ||||||
|
Port Authority of New York & New Jersey RB |
||||||||
|
5.00%, 07/15/23 |
355 | 367,038 | ||||||
|
5.00%, 10/15/23 |
130 | 135,168 | ||||||
|
5.00%, 11/15/23 |
310 | 322,897 | ||||||
|
Series 179, 5.00%, 12/01/23 |
350 | 364,900 | ||||||
|
Sales Tax Asset Receivable Corp. RB, Series A, 5.00%, 10/15/23 |
855 | 889,773 | ||||||
|
State of New York GO, Series A, 4.00%, 03/01/23 |
240 | 244,309 | ||||||
|
Town of Brookhaven NY GOL, Series A, 3.00%, 03/15/23 |
500 | 504,938 | ||||||
|
Triborough Bridge & Tunnel Authority RB |
||||||||
|
5.00%, 11/15/23 |
155 | 161,520 | ||||||
|
Series A, 5.00%, 11/15/23 |
140 | 145,889 | ||||||
|
Series A, 5.00%, 11/15/23 |
680 | 708,604 | ||||||
|
Series A, 5.00%, 11/15/23 (Call 05/15/23) |
100 | 102,829 | ||||||
|
Series B, 4.00%, 11/15/23 |
380 | 390,286 | ||||||
|
Series B, 5.00%, 11/15/23 |
270 | 281,357 | ||||||
|
|
|
|||||||
| 35,752,298 | ||||||||
| North Carolina — 2.4% | ||||||||
|
Cape Fear Public Utility Authority RB, Series A, 5.00%, 06/01/23 |
50 | 51,579 | ||||||
|
City of Charlotte NC COP, Series C, 5.00%, 12/01/23 |
40 | 41,735 | ||||||
|
City of Charlotte NC Water & Sewer System Revenue RB, 5.00%, 07/01/23 |
2,000 | 2,067,817 | ||||||
|
City of Winston-Salem NC RB, Series C, 5.00%, 06/01/23 |
20 | 20,649 | ||||||
|
County of Buncombe NC RB |
||||||||
|
5.00%, 06/01/23 |
335 | 345,614 | ||||||
|
Series A, 5.00%, 06/01/23 |
200 | 206,337 | ||||||
|
County of Durham NC GO, 5.00%, 10/01/23 |
200 | 208,060 | ||||||
| Security | Par (000) |
Value | ||||||
|
North Carolina (continued) |
||||||||
|
County of Forsyth NC GO, 5.00%, 12/01/23 |
$ | 255 | $ | 266,220 | ||||
|
County of Guilford NC GO, Series A, 5.00%, 05/01/23 |
685 | 705,710 | ||||||
|
County of Mecklenburg NC GO |
||||||||
|
Series A, 5.00%, 09/01/23 |
100 | 103,842 | ||||||
|
Series B, 5.00%, 12/01/23 |
65 | 67,881 | ||||||
|
County of Mecklenburg NC RB, Series A, 5.00%, 10/01/23 |
295 | 306,930 | ||||||
|
County of Union NC GO, 5.00%, 09/01/23 |
665 | 690,372 | ||||||
|
County of Wake NC GO |
||||||||
|
5.00%, 04/01/23 |
120 | 123,300 | ||||||
|
Series B, 4.00%, 05/01/23 |
125 | 127,429 | ||||||
|
County of Wake NC RB |
||||||||
|
5.00%, 09/01/23 |
150 | 155,623 | ||||||
|
Series A, 5.00%, 12/01/23 |
465 | 485,091 | ||||||
|
North Carolina Medical Care Commission RB, 5.00%, 06/01/23 |
15 | 15,477 | ||||||
|
North Carolina Municipal Power Agency No. 1 RB |
||||||||
|
Series B, 5.00%, 01/01/23 |
110 | 112,338 | ||||||
|
Series E, 5.00%, 01/01/23 |
10 | 10,212 | ||||||
|
North Carolina State University at Raleigh RB, Series A, 5.00%, 10/01/28 (PR 10/01/23) |
200 | 207,917 | ||||||
|
State of North Carolina GO |
||||||||
|
5.00%, 06/01/23 |
65 | 67,073 | ||||||
|
Series A, 5.00%, 06/01/23 |
1,615 | 1,666,519 | ||||||
|
State of North Carolina RB |
||||||||
|
5.00%, 03/01/23 |
720 | 738,090 | ||||||
|
Series A, 5.00%, 05/01/23 |
260 | 267,756 | ||||||
|
Series C, 5.00%, 05/01/23 |
155 | 159,624 | ||||||
|
|
|
|||||||
| 9,219,195 | ||||||||
| North Dakota — 0.0% | ||||||||
|
North Dakota Public Finance Authority RB, Series A, 5.00%, 10/01/23 |
105 | 109,216 | ||||||
|
|
|
|||||||
| Ohio — 3.4% | ||||||||
|
City of Cincinnati OH Water System Revenue RB, Series B, 5.00%, 12/01/23 |
190 | 198,360 | ||||||
|
City of Columbus OH GO |
||||||||
|
5.00%, 07/01/30 (PR 07/01/23) |
1,250 | 1,291,947 | ||||||
|
Series 1, 5.00%, 07/01/23 |
175 | 180,832 | ||||||
|
Series 2017-1, 4.00%, 04/01/23 |
500 | 509,211 | ||||||
|
Series 5, 5.00%, 08/15/23 |
270 | 279,797 | ||||||
|
Series A, 4.00%, 07/01/23 |
25 | 25,548 | ||||||
|
Series A, 5.00%, 02/15/23 |
260 | 266,466 | ||||||
|
Series A, 5.00%, 04/01/23 |
170 | 174,659 | ||||||
|
Series A, 5.00%, 08/15/23 |
130 | 134,717 | ||||||
|
Series A, 5.00%, 08/15/28 (PR 08/15/23) |
225 | 233,259 | ||||||
|
City of Columbus OH GOL, Series B, 5.00%, 08/15/23 |
270 | 279,797 | ||||||
|
County of Hamilton OH Sales Tax Revenue RB, Series A, 5.00%, 12/01/23 |
135 | 140,940 | ||||||
|
County of Hamilton OH Sewer System Revenue RB, Series A, 5.00%, 12/01/23 |
120 | 125,185 | ||||||
|
Miami University/Oxford OH RB, 5.00%, 09/01/23 |
165 | 171,317 | ||||||
|
Northeast Ohio Regional Sewer District RB, 5.00%, 11/15/28 (PR 05/15/23) |
625 | 643,712 | ||||||
|
Ohio Higher Educational Facility Commission RB |
||||||||
|
5.00%, 12/01/23 |
105 | 109,553 | ||||||
|
5.00%, 12/01/23 (ETM) |
45 | 46,809 | ||||||
|
Series A, 5.00%, 12/01/23 |
160 | 166,939 | ||||||
|
Ohio State University (The) RB |
||||||||
|
5.00%, 12/01/23 |
610 | 636,356 | ||||||
|
Series A, 5.00%, 12/01/23 |
395 | 412,066 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
35 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Ohio (continued) |
||||||||
|
Ohio Turnpike & Infrastructure Commission RB |
||||||||
|
Series A, 5.00%, 02/15/23 |
$ | 425 | $ | 435,570 | ||||
|
Series A-1, 5.00%, 02/15/23 |
290 | 297,212 | ||||||
|
Ohio University RB, Series A, 5.00%, 12/01/23 |
120 | 124,994 | ||||||
|
Ohio Water Development Authority RB |
||||||||
|
5.00%, 12/01/23 |
615 | 641,572 | ||||||
|
Series A, 5.00%, 06/01/23 |
205 | 211,428 | ||||||
|
Series B, 5.00%, 12/01/23 |
130 | 135,617 | ||||||
|
Ohio Water Development Authority Water Pollution Control Loan Fund RB |
||||||||
|
5.00%, 06/01/23 |
180 | 185,664 | ||||||
|
5.00%, 12/01/23 |
255 | 266,058 | ||||||
|
5.50%, 06/01/23 |
235 | 243,641 | ||||||
|
5.50%, 12/01/23 |
150 | 157,661 | ||||||
|
Series 2015-A, 5.00%, 12/01/23 |
305 | 318,226 | ||||||
|
State of Ohio Department of Administrative Services COP, 5.00%, 09/01/23 |
275 | 285,124 | ||||||
|
State of Ohio GO |
||||||||
|
Series A, 5.00%, 03/01/23 |
155 | 159,024 | ||||||
|
Series A, 5.00%, 03/15/23 |
135 | 138,631 | ||||||
|
Series A, 5.00%, 05/01/23 |
370 | 380,371 | ||||||
|
Series A, 5.00%, 08/01/23 |
345 | 357,458 | ||||||
|
Series A, 5.00%, 09/15/23 |
270 | 280,552 | ||||||
|
Series B, 4.00%, 09/01/23 |
200 | 205,026 | ||||||
|
Series B, 5.00%, 08/01/23 |
185 | 191,680 | ||||||
|
Series C, 5.00%, 09/01/23 |
90 | 93,434 | ||||||
|
Series C, 5.00%, 11/01/23 |
100 | 104,212 | ||||||
|
Series S, 5.00%, 04/01/23 |
50 | 51,398 | ||||||
|
Series S, 5.00%, 05/01/23 |
110 | 113,248 | ||||||
|
Series T, 5.00%, 11/01/23 |
150 | 156,273 | ||||||
|
Series V, 5.00%, 05/01/23 |
500 | 514,766 | ||||||
|
Series W, 4.00%, 05/01/23 |
150 | 152,960 | ||||||
|
State of Ohio GOL, Series A, 5.00%, 09/01/23 |
115 | 119,388 | ||||||
|
State of Ohio RB |
||||||||
|
5.00%, 10/01/23 (ETM) |
125 | 129,948 | ||||||
|
Series A, 5.00%, 02/01/23 |
100 | 102,375 | ||||||
|
Series A, 5.00%, 04/01/23 |
230 | 236,367 | ||||||
|
Series C, 5.00%, 12/01/23 |
440 | 459,151 | ||||||
|
|
|
|||||||
| 13,276,499 | ||||||||
| Oklahoma — 0.8% | ||||||||
|
City of Oklahoma City OK GO, 5.00%, 03/01/23 |
215 | 220,420 | ||||||
|
Grand River Dam Authority RB, Series A, 5.00%, 06/01/23 |
810 | 835,224 | ||||||
|
Oklahoma Agricultural & Mechanical Colleges RB, Series C, 5.00%, 08/01/23 |
130 | 134,629 | ||||||
|
Oklahoma Capitol Improvement Authority RB |
||||||||
|
5.00%, 07/01/23 |
315 | 325,681 | ||||||
|
Series A, 5.00%, 01/01/23 |
45 | 45,977 | ||||||
|
Series A, 5.00%, 07/01/23 |
140 | 144,747 | ||||||
|
Series B, 5.00%, 07/01/23 |
200 | 206,782 | ||||||
|
Series C, 5.00%, 01/01/23 |
100 | 102,172 | ||||||
|
Oklahoma City Water Utilities Trust RB, 5.00%, 07/01/23 |
180 | 186,104 | ||||||
|
Oklahoma Turnpike Authority RB, Series D, 4.00%, 01/01/23 |
180 | 182,493 | ||||||
|
Oklahoma Water Resources Board RB |
||||||||
|
4.00%, 10/01/23 |
300 | 307,729 | ||||||
|
5.00%, 04/01/23 |
335 | 344,243 | ||||||
|
Series A, 5.00%, 04/01/23 |
135 | 138,725 | ||||||
|
|
|
|||||||
| 3,174,926 | ||||||||
| Security | Par (000) |
Value | ||||||
|
Oregon — 2.1% |
||||||||
|
City of Eugene OR Electric Utility System Revenue RB, Series A, 5.00%, 08/01/23 |
$ | 175 | $ | 181,209 | ||||
|
City of Portland OR Sewer System Revenue RB |
||||||||
|
Series A, 5.00%, 03/01/23 |
500 | 512,646 | ||||||
|
Series A, 5.00%, 10/01/23 |
90 | 93,576 | ||||||
|
Series B, 5.00%, 06/15/23 |
310 | 319,986 | ||||||
|
Series B, 5.00%, 10/01/23 |
115 | 119,536 | ||||||
|
City of Portland OR Water System Revenue RB, Series A, 5.00%, 04/01/23 |
220 | 226,029 | ||||||
|
City of Salem OR GO, 5.00%, 06/01/23 |
100 | 103,190 | ||||||
|
City of Salem OR Water & Sewer Revenue RB, 5.00%, 06/01/23 |
75 | 77,393 | ||||||
|
Deschutes & Jefferson Counties School District No. 2J Redmond/OR GO, 0.00%, 06/15/23 (GTD)(a) |
45 | 43,762 | ||||||
|
Multnomah County School District No. 1 Portland/OR GO, 5.00%, 06/15/23 (GTD) |
260 | 268,551 | ||||||
|
Oregon State Business Development Commission RB, Series 232, VRDN,2.40%, 12/01/40 (Put 08/14/23)(b) |
350 | 349,093 | ||||||
|
Oregon State Lottery RB |
||||||||
|
Series A, 5.00%, 04/01/23 |
380 | 390,275 | ||||||
|
Series B, 5.00%, 04/01/23 |
135 | 138,650 | ||||||
|
Series C, 5.00%, 04/01/23 |
145 | 148,921 | ||||||
|
Port of Portland OR Airport Revenue RB, Series 23, 5.00%, 07/01/23 |
175 | 180,443 | ||||||
|
Portland Community College District GO, 5.00%, 06/15/23 |
235 | 242,729 | ||||||
|
Salem-Keizer School District No. 24J GO, Series B, 0.00%, 06/15/23 (GTD)(a) |
150 | 146,081 | ||||||
|
State of Oregon Department of Transportation RB |
||||||||
|
4.25%, 11/15/34 ( 11/15/23) |
850 | 876,624 | ||||||
|
Series C, 5.00%, 11/15/23 |
160 | 166,878 | ||||||
|
Series A, 5.00%, 11/15/23 |
605 | 631,009 | ||||||
|
Series A, 5.00%, 11/15/29 (PR 11/15/23) |
1,000 | 1,042,573 | ||||||
|
State of Oregon GO |
||||||||
|
Series A, 5.00%, 08/01/23 |
50 | 51,793 | ||||||
|
Series C, 5.00%, 06/01/23 |
100 | 103,168 | ||||||
|
Series D, 5.00%, 05/01/23 |
295 | 303,712 | ||||||
|
Series F, 5.00%, 05/01/23 |
100 | 102,953 | ||||||
|
Series G, 5.00%, 11/01/23 |
45 | 46,875 | ||||||
|
Series H, 5.00%, 05/01/23 |
495 | 509,618 | ||||||
|
Series L, 5.00%, 08/01/23 |
460 | 476,495 | ||||||
|
Series O, 5.00%, 08/01/23 |
70 | 72,510 | ||||||
|
Tri-County Metropolitan Transportation District of Oregon RB, Series B, 5.00%, 09/01/23 |
20 | 20,755 | ||||||
|
|
|
|||||||
| 7,947,033 | ||||||||
| Pennsylvania — 1.9% | ||||||||
|
City of Philadelphia PA GO |
||||||||
|
5.00%, 08/01/23 |
650 | 672,738 | ||||||
|
Series A, 5.00%, 08/01/23 |
115 | 119,023 | ||||||
|
Commonwealth of Pennsylvania GO |
||||||||
|
First Series, 5.00%, 01/01/23 |
550 | 561,984 | ||||||
|
First Series, 5.00%, 02/01/23 |
110 | 112,636 | ||||||
|
First Series, 5.00%, 03/01/23 |
265 | 271,880 | ||||||
|
First Series, 5.00%, 03/15/23 |
195 | 200,245 | ||||||
|
First Series, 5.00%, 04/01/23 |
185 | 190,172 | ||||||
|
First Series, 5.00%, 06/15/23 |
160 | 165,262 | ||||||
|
First Series, 5.00%, 08/15/23 |
815 | 845,206 | ||||||
|
First Series, 5.00%, 09/15/23 |
290 | 301,333 | ||||||
|
First Series, 5.00%, 04/01/24 (PR 04/01/23) |
350 | 359,657 | ||||||
|
Second Series, 5.00%, 09/15/23 |
340 | 353,288 | ||||||
|
Second Series, 5.00%, 10/15/23 |
570 | 593,077 | ||||||
| 36 |
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 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Pennsylvania (continued) |
||||||||
|
County of Lehigh PA GO, 4.00%, 11/15/23 |
$ | 650 | $ | 667,495 | ||||
|
Delaware County Authority RB |
||||||||
|
5.00%, 08/01/23 |
110 | 113,834 | ||||||
|
5.00%, 12/01/23 |
75 | 78,181 | ||||||
|
Pennsylvania Intergovernmental Cooperation Authority ST, 5.00%, 06/15/23 |
225 | 232,374 | ||||||
|
Pennsylvania State University (The) RB, Series B, 5.00%, 09/01/23 |
225 | 233,584 | ||||||
|
Pennsylvania Turnpike Commission RB |
||||||||
|
5.00%, 12/01/23 |
250 | 260,524 | ||||||
|
Series A, 5.00%, 12/01/23 |
515 | 536,908 | ||||||
|
Series A, 5.25%, 07/15/23 (AGM) |
175 | 181,725 | ||||||
|
Series A-1, 5.00%, 12/01/23 |
225 | 234,472 | ||||||
|
Series B, 5.00%, 12/01/23 |
35 | 36,457 | ||||||
|
Southeastern Pennsylvania Transportation Authority RB, 5.00%, 06/01/23 |
120 | 123,828 | ||||||
|
|
|
|||||||
| 7,445,883 | ||||||||
| Rhode Island — 0.8% | ||||||||
|
Rhode Island Commerce Corp. RB, Series A, 5.00%, 06/15/23 |
485 | 500,405 | ||||||
|
Rhode Island Health & Educational Building Corp. RB, 5.00%, 09/01/23 |
215 | 223,203 | ||||||
|
Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund RB |
||||||||
|
Series A, 5.00%, 10/01/23 |
295 | 306,846 | ||||||
|
Series B, 5.00%, 10/01/23 |
500 | 520,077 | ||||||
|
Series C, 5.00%, 10/01/23 |
25 | 26,004 | ||||||
|
State of Rhode Island COP, Series B, 5.00%, 10/01/23 |
145 | 150,514 | ||||||
|
State of Rhode Island GO |
||||||||
|
5.00%, 11/01/23 |
50 | 52,098 | ||||||
|
Series A, 3.00%, 08/01/23 |
500 | 505,774 | ||||||
|
Series A, 5.00%, 05/01/23 |
150 | 154,445 | ||||||
|
Series D, 5.00%, 08/01/23 |
585 | 606,051 | ||||||
|
Series A, 5.00%, 08/01/23 |
120 | 124,318 | ||||||
|
|
|
|||||||
| 3,169,735 | ||||||||
| South Carolina — 0.3% | ||||||||
|
Charleston Educational Excellence Finance Corp. RB, 5.00%, 12/01/23 |
120 | 125,280 | ||||||
|
South Carolina Transportation Infrastructure Bank RB |
||||||||
|
5.00%, 10/01/23 |
250 | 259,861 | ||||||
|
Series A, 5.00%, 10/01/23 |
115 | 119,536 | ||||||
|
State of South Carolina GO |
||||||||
|
Series A, 5.00%, 04/01/23 (SAW) |
295 | 303,275 | ||||||
|
Series A, 5.00%, 08/01/23 (SAW) |
200 | 207,247 | ||||||
|
|
|
|||||||
| 1,015,199 | ||||||||
| Tennessee — 2.1% | ||||||||
|
City of Memphis TN GO |
||||||||
|
5.00%, 05/01/23 |
370 | 380,816 | ||||||
|
Series A, 5.00%, 11/01/23 |
125 | 130,115 | ||||||
|
County of Blount TN GO, Series B, 5.00%, 06/01/23 |
260 | 268,153 | ||||||
|
County of Hamilton TN GO, Series A, 5.00%, 05/01/23 |
260 | 267,835 | ||||||
|
County of Knox TN GO |
||||||||
|
5.00%, 04/01/23 |
50 | 51,361 | ||||||
|
5.00%, 06/01/23 |
175 | 180,431 | ||||||
|
County of Shelby TN GO |
||||||||
|
Series A, 4.00%, 03/01/23 |
260 | 264,495 | ||||||
|
Series A, 5.00%, 03/01/23 |
160 | 164,073 | ||||||
|
County of Sumner TN GO, 5.00%, 12/01/23 |
70 | 72,969 | ||||||
|
County of Washington TN GO, Series A, 4.00%, 06/01/23 |
75 | 76,549 | ||||||
|
County of Williamson TN GO, 5.00%, 04/01/23 |
70 | 71,931 | ||||||
| Security | Par (000) |
Value | ||||||
|
Tennessee (continued) |
||||||||
|
Metropolitan Government Nashville & Davidson County Sports Authority RB, 5.00%, 07/01/23 |
$ | 105 | $ | 108,144 | ||||
|
Metropolitan Government of Nashville & Davidson County TN Electric Revenue RB, Series A, 5.00%, 05/15/23 |
215 | 221,432 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN GO |
||||||||
|
5.00%, 07/01/23 |
1,405 | 1,451,490 | ||||||
|
Series A, 5.00%, 07/01/23 |
340 | 351,250 | ||||||
|
Series A, 5.00%, 01/01/29 (PR 01/01/23) |
60 | 61,211 | ||||||
|
Series A, 5.00%, 01/01/33 (PR 01/01/23) |
1,250 | 1,275,233 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB |
||||||||
|
5.00%, 07/01/23 |
70 | 72,316 | ||||||
|
Series B, 5.00%, 07/01/23 |
100 | 103,309 | ||||||
|
State of Tennessee GO |
||||||||
|
Series A, 5.00%, 08/01/23 |
870 | 901,415 | ||||||
|
Series A, 5.00%, 09/01/23 |
250 | 259,538 | ||||||
|
Series B, 5.00%, 08/01/23 |
140 | 145,055 | ||||||
|
Tennessee State School Bond Authority RB |
||||||||
|
5.00%, 11/01/23 |
270 | 280,966 | ||||||
|
Series A, 5.00%, 11/01/23 |
240 | 249,748 | ||||||
|
Series B, 5.00%, 11/01/23 |
660 | 686,806 | ||||||
|
|
|
|||||||
| 8,096,641 | ||||||||
| Texas — 10.7% | ||||||||
|
Abilene Independent School District GO, 5.00%, 02/15/23 (PSF) |
175 | 179,269 | ||||||
|
Aldine Independent School District GO, 5.00%, 02/15/23 (PSF) |
135 | 138,336 | ||||||
|
Allen Independent School District GO, 5.00%, 02/15/23 (PSF) |
225 | 230,596 | ||||||
|
Alvin Independent School District/TX GO, Series C, 5.00%, 02/15/23 (PSF) |
235 | 240,826 | ||||||
|
Arlington Independent School District/TX GO, Series B, 5.00%, 02/15/23 (PSF) |
385 | 394,453 | ||||||
|
Austin Community College District GOL, 5.00%, 08/01/23 |
235 | 243,398 | ||||||
|
Austin Community College District Public Facility Corp. RB, 5.00%, 08/01/23 |
100 | 103,511 | ||||||
|
Austin Independent School District GO |
||||||||
|
5.00%, 08/01/23 (PSF) |
550 | 569,860 | ||||||
|
Series B, 5.00%, 08/01/23 |
460 | 476,610 | ||||||
|
Series B, 5.00%, 08/01/23 (PSF) |
190 | 196,861 | ||||||
|
Birdville Independent School District GO |
||||||||
|
5.00%, 02/15/23 (PSF) |
45 | 46,098 | ||||||
|
Series B, 5.00%, 02/15/23 (PSF) |
40 | 40,976 | ||||||
|
Board of Regents of the University of Texas System RB |
||||||||
|
Series A, 5.00%, 08/15/23 |
240 | 248,678 | ||||||
|
Series I, 5.00%, 08/15/23 |
375 | 388,559 | ||||||
|
Series J, 5.00%, 08/15/23 |
310 | 321,209 | ||||||
|
Bryan Independent School District GO, 4.00%, 02/15/23 (PSF) |
250 | 254,283 | ||||||
|
Central Texas Regional Mobility Authority RB, Series A, 5.00%, 01/01/23 |
100 | 101,713 | ||||||
|
Central Texas Turnpike System RB |
||||||||
|
Series A, 0.00%, 08/15/23 (AMBAC)(a) |
250 | 241,675 | ||||||
|
Series C, 5.00%, 08/15/23 |
625 | 647,033 | ||||||
|
City of Austin TX Electric Utility Revenue RB, Series A, 5.00%, 11/15/23 |
235 | 244,994 | ||||||
|
City of Austin TX GOL, 5.00%, 09/01/23 |
1,235 | 1,282,118 | ||||||
|
City of Austin TX Water & Wastewater System Revenue RB |
||||||||
|
5.00%, 05/15/23 |
40 | 41,217 | ||||||
|
5.00%, 11/15/23 |
215 | 223,972 | ||||||
|
Series A, 5.00%, 05/15/23 |
145 | 149,413 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
37 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Series A, 5.00%, 11/15/23 |
$ | 375 | $ | 390,948 | ||||
|
City of Denton TX GOL, 5.00%, 02/15/23 |
115 | 117,860 | ||||||
|
City of Fort Worth TX Water & Sewer System Revenue RB, Series A, 5.00%, 02/15/23 |
165 | 168,816 | ||||||
|
City of Garland TX GOL, 5.00%, 02/15/23 |
165 | 169,038 | ||||||
|
City of Houston TX Combined Utility System Revenue RB |
||||||||
|
5.00%, 11/15/23 |
140 | 145,867 | ||||||
|
Series B, 5.00%, 11/15/23 |
140 | 145,867 | ||||||
|
Series C, 5.00%, 05/15/23 |
355 | 365,656 | ||||||
|
Series D, 5.00%, 11/15/23 |
200 | 208,382 | ||||||
|
Serries C, 5.00%, 11/15/23 |
310 | 322,992 | ||||||
|
City of Houston TX GOL, Series A, 5.00%, 03/01/23 |
135 | 138,426 | ||||||
|
City of Lubbock TX GOL, 5.00%, 02/15/23 |
110 | 112,736 | ||||||
|
City of Plano TX GOL, 5.00%, 09/01/23 |
180 | 186,867 | ||||||
|
City of Round Rock TX GOL, 5.00%, 08/15/23 |
75 | 77,760 | ||||||
|
City of San Antonio Texas Electric & Gas Systems Revenue RB, Series REF, 5.00%, 02/01/23 |
175 | 178,800 | ||||||
|
City of San Antonio TX Electric & Gas Systems Revenue RB |
||||||||
|
5.00%, 02/01/23 |
505 | 515,964 | ||||||
|
5.00%, 02/01/23 (ETM) |
330 | 337,810 | ||||||
|
City of San Antonio TX GOL, 5.00%, 02/01/23 |
520 | 532,424 | ||||||
|
City of Waco TX GOL, 5.00%, 02/01/23 |
75 | 76,769 | ||||||
|
Clear Creek Independent School District GO, 5.00%, 02/15/23 (PSF) |
140 | 143,404 | ||||||
|
Conroe Independent School District GO |
||||||||
|
5.00%, 02/15/23 (PSF) |
225 | 230,506 | ||||||
|
Series A, 5.00%, 02/15/23 (PSF) |
165 | 169,038 | ||||||
|
County of Bexar TX GOL, 5.00%, 06/15/23 |
415 | 428,508 | ||||||
|
County of Harris TX GOL, Series A, 5.00%, 10/01/23 |
90 | 93,588 | ||||||
|
County of Harris TX RB |
||||||||
|
5.00%, 08/15/23 |
275 | 285,121 | ||||||
|
Series A, 5.00%, 08/15/23 |
300 | 311,041 | ||||||
|
Cuero Independent School District GO, 5.00%, 08/15/30 (PR 08/15/23) (PSF) |
540 | 559,124 | ||||||
|
Cypress-Fairbanks Independent School District GO |
||||||||
|
5.00%, 02/15/23 (PSF) |
570 | 583,634 | ||||||
|
Series A, 5.00%, 02/15/23 (PSF) |
35 | 35,837 | ||||||
|
Dallas Area Rapid Transit RB |
||||||||
|
5.00%, 12/01/23 |
150 | 156,600 | ||||||
|
Series A, 5.00%, 12/01/23 |
355 | 370,620 | ||||||
|
Dallas Independent School District GO, 5.00%, 08/15/23 (PSF) |
100 | 103,642 | ||||||
|
Dallas/Fort Worth International Airport RB |
||||||||
|
5.00%, 11/01/23 |
200 | 207,673 | ||||||
|
Series G, 5.00%, 11/01/23 |
160 | 166,139 | ||||||
|
Denton Independent School District GO, 5.00%, 08/15/23 (PSF) |
100 | 103,680 | ||||||
|
Fort Bend Independent School District GO, Series A, 5.00%, 08/15/23 (PSF) |
135 | 139,934 | ||||||
|
Frisco Independent School District GO, Series A, 5.00%, 08/15/23 (PSF) |
80 | 82,955 | ||||||
|
Garland Independent School District GO, 5.00%, 02/15/23 (PSF) |
255 | 261,180 | ||||||
|
Goose Creek Consolidated Independent School District GO, 5.00%, 02/15/28 (PR 02/15/23) (PSF) |
900 | 921,993 | ||||||
|
Grapevine-Colleyville Independent School District GO, 0.00%, 08/15/23 (PSF)(a) |
100 | 97,285 | ||||||
|
Harris County Toll Road Authority (The) RB, Series A, 5.00%, 08/15/23 |
335 | 347,329 | ||||||
|
Houston Community College System GOL, 5.00%, 02/15/23 |
270 | 276,437 | ||||||
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Houston Independent School District GOL |
||||||||
|
5.00%, 02/15/23 (PSF) |
$ | 350 | $ | 358,566 | ||||
|
Series A, 5.00%, 02/15/23 (PSF) |
185 | 189,528 | ||||||
|
Humble Independent School District GO, Series B, 5.00%, 02/15/23 (PSF) |
50 | 51,243 | ||||||
|
Katy Independent School District GO |
||||||||
|
5.00%, 02/15/23 (PSF) |
95 | 97,272 | ||||||
|
Series A, 5.00%, 02/15/23 (PSF) |
370 | 378,850 | ||||||
|
Keller Independent School District/TX GO, Series A, 5.00%, 02/15/23 (PSF) |
50 | 51,220 | ||||||
|
Killeen Independent School District GO, 5.00%, 02/15/23 (PSF) |
180 | 184,405 | ||||||
|
Klein Independent School District GO |
||||||||
|
5.00%, 02/01/23 (PSF) |
150 | 153,527 | ||||||
|
Series A, 5.00%, 08/01/23 (PSF) |
390 | 403,789 | ||||||
|
Laredo Independent School District GO, 5.00%, 08/01/23 (PSF) |
25 | 25,875 | ||||||
|
Leander Independent School District GO |
||||||||
|
0.00%, 08/15/23 (PSF)(a) |
240 | 232,685 | ||||||
|
5.00%, 08/15/23 (PSF) |
20 | 20,741 | ||||||
|
Series A, 5.00%, 08/15/23 (PSF) |
85 | 88,150 | ||||||
|
Series A, 0.00%, 08/15/23 (PSF)(a) |
50 | 48,619 | ||||||
|
Series B, 5.00%, 08/15/23 |
20 | 20,741 | ||||||
|
Series D, 0.00%, 08/15/23 (PSF)(a) |
95 | 92,105 | ||||||
|
Lewisville Independent School District GO |
||||||||
|
5.00%, 08/15/23 |
200 | 207,231 | ||||||
|
5.00%, 08/15/23 (PSF) |
800 | 829,132 | ||||||
|
Series A, 4.00%, 08/15/23 (PSF) |
35 | 35,834 | ||||||
|
Series A, 5.00%, 08/15/23 (PSF) |
170 | 176,191 | ||||||
|
Series B, 5.00%, 08/15/23 |
115 | 119,158 | ||||||
|
Lone Star College System GOL, Series B, 5.00%, 02/15/23 |
335 | 343,199 | ||||||
|
Lower Colorado River Authority RB |
||||||||
|
5.00%, 05/15/23 |
320 | 329,306 | ||||||
|
Series B, 5.00%, 05/15/23 |
355 | 365,324 | ||||||
|
Magnolia Independent School District/TX GO, 5.00%, 08/15/23 (PSF) |
90 | 93,266 | ||||||
|
Manor Independent School District GO, 5.00%, 08/01/23 (PSF) |
100 | 103,511 | ||||||
|
Metropolitan Transit Authority of Harris County RB |
||||||||
|
5.00%, 11/01/23 |
365 | 380,099 | ||||||
|
Series A, 5.00%, 11/01/23 |
205 | 213,480 | ||||||
|
Series B, 5.00%, 11/01/23 |
415 | 432,167 | ||||||
|
North East Independent School District/TX GO |
||||||||
|
5.00%, 08/01/23 (PSF) |
275 | 284,827 | ||||||
|
5.25%, 02/01/23 (PSF) |
220 | 225,628 | ||||||
|
Series B, 5.00%, 02/01/23 (PSF) |
125 | 127,968 | ||||||
|
North Texas Municipal Water District RB |
||||||||
|
5.00%, 06/01/23 |
305 | 314,653 | ||||||
|
6.25%, 06/01/23 |
75 | 78,379 | ||||||
|
North Texas Municipal Water District Water System Revenue RB, 5.00%, 09/01/23 |
410 | 425,588 | ||||||
|
North Texas Tollway Authority RB |
||||||||
|
5.00%, 01/01/23 |
400 | 408,341 | ||||||
|
5.00%, 01/01/23 (ETM) |
190 | 194,064 | ||||||
|
Series A, 5.00%, 01/01/23 |
570 | 582,001 | ||||||
|
Series B, 5.00%, 01/01/23 |
280 | 285,671 | ||||||
|
Northside Independent School District GO |
||||||||
|
3.00%, 08/15/23 (PSF) |
115 | 116,380 | ||||||
|
5.00%, 06/15/23 (PSF) |
25 | 25,825 | ||||||
|
5.00%, 08/01/23 (PSF) |
75 | 77,718 | ||||||
| 38 |
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 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
5.00%, 08/15/23 (PSF) |
$ | 390 | $ | 404,505 | ||||
|
Series A, 5.00%, 08/15/23 (PSF) |
85 | 88,161 | ||||||
|
Northwest Independent School District GO |
||||||||
|
Series A, 5.00%, 02/15/23 (PSF) |
200 | 204,658 | ||||||
|
Series B, 5.00%, 02/15/23 (PSF) |
120 | 122,795 | ||||||
|
Pasadena Independent School District GO, 5.00%, 02/15/23 (PSF) |
95 | 97,310 | ||||||
|
Permanent University Fund - Texas A&M University System RB |
||||||||
|
5.00%, 07/01/23 |
200 | 206,735 | ||||||
|
Series A, 5.00%, 07/01/23 |
170 | 175,725 | ||||||
|
Series A, 5.25%, 07/01/23 |
195 | 202,123 | ||||||
|
Permanent University Fund - University of Texas System RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
50 | 51,701 | ||||||
|
Series B, 5.00%, 07/01/23 |
140 | 144,764 | ||||||
|
Plano Independent School District GO, 5.00%, 02/15/23 (PSF) |
385 | 394,300 | ||||||
|
Prosper Independent School District GO, 5.00%, 02/15/23 (PSF) |
175 | 179,228 | ||||||
|
Round Rock Independent School District GO, 5.00%, 08/01/23 (PSF) |
1,590 | 1,646,416 | ||||||
|
San Angelo Independent School District GO, Series A, 5.00%, 02/15/23 (PSF) |
190 | 194,680 | ||||||
|
San Antonio Water System RB |
||||||||
|
Series A, 5.00%, 05/15/23 |
245 | 252,533 | ||||||
|
Series B, 5.00%, 05/15/23 |
160 | 164,919 | ||||||
|
Southwest Higher Education Authority Inc. RB, 5.00%, 10/01/23 |
100 | 103,732 | ||||||
|
Spring Branch Independent School District GOL, Series A, 5.00%, 02/01/23 (PSF) |
185 | 189,350 | ||||||
|
Spring Independent School District GO, 5.00%, 08/15/23 (PSF) |
420 | 435,566 | ||||||
|
State of Texas GO |
||||||||
|
5.00%, 04/01/23 |
150 | 154,194 | ||||||
|
5.00%, 08/01/23 |
150 | 155,247 | ||||||
|
5.00%, 10/01/23 |
760 | 789,978 | ||||||
|
Series A, 5.00%, 10/01/23 |
120 | 124,733 | ||||||
|
Series A, 5.00%, 10/01/23 |
470 | 488,540 | ||||||
|
Series B-1, 5.00%, 08/01/23 |
100 | 103,498 | ||||||
|
Series D, 5.00%, 05/15/23 |
100 | 103,075 | ||||||
|
Series I, 5.00%, 04/01/23 |
115 | 118,215 | ||||||
|
State of Texas GOL, Series A, 5.00%, 08/01/23 |
175 | 181,209 | ||||||
|
Tarrant County Cultural Education Facilities Finance Corp. RB |
||||||||
|
5.00%, 08/15/23 |
100 | 103,606 | ||||||
|
5.00%, 12/01/23 |
40 | 41,722 | ||||||
|
Tarrant Regional Water District RB, 6.00%, 09/01/23 |
200 | 210,182 | ||||||
|
Tarrant Regional Water District Water Supply System RB |
||||||||
|
5.00%, 03/01/23 |
410 | 420,644 | ||||||
|
Series A, 5.00%, 03/01/23 |
145 | 148,764 | ||||||
|
Texas A&M University RB |
||||||||
|
5.00%, 05/15/23 |
805 | 829,499 | ||||||
|
Series B, 5.00%, 05/15/23 |
180 | 185,478 | ||||||
|
Series D, 5.00%, 05/15/23 |
35 | 36,065 | ||||||
|
Series E, 5.00%, 05/15/23 |
210 | 216,391 | ||||||
|
Texas State Technical College RB, 5.00%, 10/15/23 |
20 | 20,810 | ||||||
|
Texas State University System RB |
||||||||
|
5.00%, 03/15/23 |
170 | 174,468 | ||||||
|
Series A, 5.00%, 03/15/23 |
1,300 | 1,334,169 | ||||||
|
Texas Transportation Commission State Highway Fund RB |
||||||||
|
First Series, 5.00%, 10/01/23 |
630 | 655,298 | ||||||
|
Series A, 5.00%, 04/01/23 |
160 | 164,473 | ||||||
|
Series A, 5.00%, 10/01/23 |
170 | 176,827 | ||||||
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Texas Water Development Board RB |
||||||||
|
5.00%, 04/15/23 |
$ | 125 | $ | 128,597 | ||||
|
5.00%, 08/01/23 |
125 | 129,514 | ||||||
|
Series A, 5.00%, 04/15/23 |
635 | 653,273 | ||||||
|
Series A, 5.00%, 10/15/23 |
250 | 260,268 | ||||||
|
Series B, 5.00%, 10/15/23 |
200 | 208,214 | ||||||
|
Trinity River Authority Central Regional Wastewater System Revenue RB, 5.00%, 08/01/23 |
75 | 77,595 | ||||||
|
Trinity River Authority RB, 5.00%, 02/01/23 |
155 | 158,540 | ||||||
|
United Independent School District GO, 5.00%, 08/15/23 (PSF) |
25 | 25,914 | ||||||
|
University of Houston RB, 4.00%, 02/15/23 |
85 | 86,456 | ||||||
|
University of North Texas System RB, Series A, 5.00%, 04/15/23 |
100 | 102,811 | ||||||
|
University of Texas System (The) RB |
||||||||
|
Series C, 5.00%, 08/15/23 |
375 | 388,559 | ||||||
|
Series D, 5.00%, 08/15/23 |
460 | 476,632 | ||||||
|
Series H, 5.00%, 08/15/23 |
25 | 25,904 | ||||||
|
|
|
|||||||
| 41,364,728 | ||||||||
| Utah — 1.8% | ||||||||
|
Alpine School District/UT GO, 5.00%, 03/15/23 (GTD) |
375 | 384,922 | ||||||
|
Central Utah Water Conservancy District RB, Series A, 5.00%, 10/01/23 |
110 | 114,276 | ||||||
|
City of Salt Lake City UT Public Utilities Revenue RB, 5.00%, 02/01/23 |
100 | 102,374 | ||||||
|
County of Salt Lake UT RB, 5.00%, 08/15/30 (PR 08/15/23) |
1,750 | 1,814,238 | ||||||
|
Davis School District GO, 5.00%, 06/01/23 (GTD) |
165 | 170,264 | ||||||
|
Intermountain Power Agency RB, Series A, 5.00%, 07/01/23 |
280 | 288,578 | ||||||
|
Jordan Valley Water Conservancy District RB, Series B, 5.00%, 10/01/23 |
75 | 78,012 | ||||||
|
State of Utah GO, 5.00%, 07/01/23 |
40 | 41,347 | ||||||
|
University of Utah (The) RB |
||||||||
|
Series A, 5.00%, 08/01/23 (SAP) |
350 | 362,463 | ||||||
|
Series B, 5.00%, 08/01/23 |
175 | 181,231 | ||||||
|
Series B, 5.00%, 08/01/27 (PR 08/01/23) |
1,075 | 1,112,604 | ||||||
|
Series B, 5.00%, 08/01/28 (PR 08/01/23) |
565 | 584,764 | ||||||
|
Series B-1, 5.00%, 08/01/23 |
205 | 212,300 | ||||||
|
Utah Associated Municipal Power Systems RB, Series A, 5.00%, 09/01/23 |
620 | 642,163 | ||||||
|
Utah State Building Ownership Authority RB, 5.00%, 05/15/23 |
405 | 417,409 | ||||||
|
Utah Transit Authority RB, Series A, 5.00%, 06/15/23 |
245 | 252,920 | ||||||
|
Washington County School District Board of Education/St George GO, 5.00%, 03/01/23 (GTD) |
110 | 112,856 | ||||||
|
|
|
|||||||
| 6,872,721 | ||||||||
| Vermont — 0.0% | ||||||||
|
State of Vermont GO, Series B, 5.00%, 08/15/23 |
100 | 103,706 | ||||||
|
University of Vermont & State Agricultural College RB, 5.00%, 10/01/23 |
25 | 25,951 | ||||||
|
Vermont Municipal Bond Bank RB, Series 4, 5.00%, 12/01/23 |
25 | 26,096 | ||||||
|
|
|
|||||||
| 155,753 | ||||||||
| Virginia — 4.5% | ||||||||
|
Chesapeake Bay Bridge & Tunnel District RB, 5.00%, 11/01/23 |
1,000 | 1,032,696 | ||||||
|
City of Falls Church VA GO, Series B, 5.00%, 07/15/23 |
250 | 258,749 | ||||||
|
City of Hampton VA GO, Series A, 5.00%, 09/01/23 (SAW) |
10 | 10,386 | ||||||
|
City of Newport News VA GO, Series A, 5.00%, 08/01/23 |
60 | 62,174 | ||||||
|
City of Norfolk VA GO |
||||||||
|
5.00%, 08/01/23 (SAW) |
425 | 440,027 | ||||||
|
Series A, 5.00%, 08/01/23 (SAW) |
35 | 36,237 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
39 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Virginia (continued) |
||||||||
|
City of Richmond VA Public Utility Revenue RB, 5.00%, 01/15/23 |
$ | 175 | $ | 178,992 | ||||
|
Commonwealth of Virginia GO |
||||||||
|
Series B, 4.00%, 06/01/23 |
500 | 510,377 | ||||||
|
Series B, 5.00%, 06/01/23 |
100 | 103,136 | ||||||
|
County of Arlington VA GO, 5.00%, 08/15/23 |
100 | 103,706 | ||||||
|
County of Chesterfield VA Water & Sewer Revenue RB, 5.00%, 11/01/23 |
70 | 72,948 | ||||||
|
County of Fairfax VA GO |
||||||||
|
Series A, 5.00%, 10/01/23 (SAW) |
700 | 728,109 | ||||||
|
Series B, 5.00%, 04/01/23 (SAW) |
75 | 77,097 | ||||||
|
Series B, 5.00%, 10/01/23 (SAW) |
625 | 650,097 | ||||||
|
County of Henrico VA GO |
||||||||
|
5.00%, 08/01/23 (SAW) |
200 | 207,222 | ||||||
|
Series A, 5.00%, 08/01/23 |
165 | 170,958 | ||||||
|
County of Loudoun VA GO |
||||||||
|
Series A, 5.00%, 12/01/23 |
140 | 146,227 | ||||||
|
Series A, 5.00%, 12/01/23 (SAW) |
600 | 626,686 | ||||||
|
County of Prince William VA COP, 5.00%, 10/01/23 |
120 | 124,631 | ||||||
|
County of Prince William VA GO, 5.00%, 08/01/23 (SAW) |
100 | 103,611 | ||||||
|
Fairfax County Industrial Development Authority RB, 5.00%, 05/15/23 |
200 | 205,899 | ||||||
|
Fairfax County Water Authority RB, 5.00%, 04/01/23 |
515 | 529,493 | ||||||
|
Hampton Roads Sanitation District RB, Series A, 5.00%, 07/01/23 |
500 | 517,013 | ||||||
|
Town of Leesburg VA GO, 5.00%, 01/15/23 (SAW) |
125 | 127,869 | ||||||
|
Virginia College Building Authority RB |
||||||||
|
5.00%, 09/01/23 (ST INTERCEPT) |
720 | 746,988 | ||||||
|
Series A, 5.00%, 02/01/23 |
385 | 394,169 | ||||||
|
Series A, 5.00%, 09/01/23 |
40 | 41,499 | ||||||
|
Series A, 5.00%, 02/01/28 (PR 02/01/23) |
1,025 | 1,048,872 | ||||||
|
Series E-1, 5.00%, 02/01/23 |
295 | 302,026 | ||||||
|
Series E-2, 5.00%, 02/01/23 |
555 | 568,218 | ||||||
|
Virginia Commonwealth Transportation Board RB |
||||||||
|
5.00%, 05/15/23 |
765 | 788,442 | ||||||
|
5.00%, 09/15/23 |
115 | 119,478 | ||||||
|
5.00%, 09/15/23 (PR 03/15/23) |
1,100 | 1,129,507 | ||||||
|
Series A, 5.00%, 05/15/23 |
180 | 185,516 | ||||||
|
Series C, 5.00%, 05/15/23 |
90 | 92,758 | ||||||
|
Virginia Public Building Authority RB |
||||||||
|
Series C, 5.00%, 08/01/23 |
520 | 538,777 | ||||||
|
Series A, 4.00%, 08/01/23 |
145 | 148,464 | ||||||
|
Series A, 5.00%, 08/01/23 |
290 | 300,472 | ||||||
|
Series A, 5.00%, 08/01/26 (PR 08/01/23) |
220 | 227,834 | ||||||
|
Series B, 5.00%, 08/01/23 |
700 | 725,277 | ||||||
|
Virginia Public School Authority RB |
||||||||
|
4.00%, 10/01/23 (SAW) |
100 | 102,590 | ||||||
|
5.00%, 03/01/23 (SAW) |
150 | 153,894 | ||||||
|
5.00%, 07/15/23 (SAW) |
45 | 46,542 | ||||||
|
5.00%, 08/01/23 (SAW) |
390 | 403,887 | ||||||
|
Series B, 5.00%, 08/01/23 |
100 | 103,561 | ||||||
|
Series A, 5.00%, 08/01/23 (SAW) |
280 | 289,971 | ||||||
|
Series B, 5.00%, 08/01/23 (SAW) |
225 | 233,012 | ||||||
|
Series VI, 5.00%, 04/15/23 |
155 | 159,401 | ||||||
|
Virginia Resources Authority Clean Water Revolving Fund RB, 5.00%, 10/01/23 |
665 | 691,704 | ||||||
|
Virginia Resources Authority RB |
||||||||
|
Series A, 4.00%, 11/01/23 |
100 | 102,749 | ||||||
|
Series A, 5.00%, 11/01/23 |
80 | 83,370 | ||||||
|
Series B, 5.00%, 11/01/23 |
200 | 208,424 | ||||||
| Security | Par (000) |
Value | ||||||
|
Virginia (continued) |
||||||||
|
Series S, 5.00%, 11/01/23 |
$ | 390 | $ | 406,426 | ||||
|
|
|
|||||||
| 17,368,168 | ||||||||
| Washington — 5.5% | ||||||||
|
Central Puget Sound Regional Transit Authority TB, 5.00%, 11/01/23 |
100 | 104,197 | ||||||
|
City of Seattle WA Drainage & Wastewater Revenue RB |
||||||||
|
5.00%, 04/01/23 |
100 | 102,759 | ||||||
|
5.00%, 07/01/23 |
50 | 51,678 | ||||||
|
City of Seattle WA GO, 5.00%, 12/01/23 |
100 | 104,400 | ||||||
|
City of Seattle WA GOL |
||||||||
|
Series A, 5.00%, 04/01/23 |
445 | 457,441 | ||||||
|
Series A, 5.00%, 06/01/23 |
100 | 103,190 | ||||||
|
Series A, 5.00%, 11/01/23 |
100 | 104,212 | ||||||
|
City of Seattle WA Municipal Light & Power Revenue RB |
||||||||
|
5.00%, 09/01/23 |
400 | 415,476 | ||||||
|
Series B, 5.00%, 04/01/23 |
350 | 359,914 | ||||||
|
Series C, 5.00%, 09/01/23 |
290 | 301,220 | ||||||
|
Series C, 5.00%, 10/01/23 |
195 | 202,830 | ||||||
|
City of Seattle WA Water System Revenue RB, 5.00%, 05/01/23 |
290 | 298,506 | ||||||
|
City of Spokane WA Water & Wastewater Revenue RB, 5.00%, 12/01/23 |
390 | 406,974 | ||||||
|
City of Tacoma WA Electric System Revenue RB, 5.00%, 01/01/23 |
205 | 209,439 | ||||||
|
Clark County Public Utility District No. 1 RB, Series 1, 5.00%, 01/01/23 |
235 | 239,963 | ||||||
|
Clark County School District No. 117 Camas GO, 5.00%, 12/01/23 (GTD) |
115 | 120,060 | ||||||
|
County of King WA GOL |
||||||||
|
5.00%, 07/01/23 |
480 | 496,389 | ||||||
|
5.25%, 01/01/23 |
115 | 117,702 | ||||||
|
Series B, 5.00%, 12/01/23 |
165 | 172,286 | ||||||
|
Series E, 5.00%, 12/01/23 |
165 | 172,286 | ||||||
|
County of King WA Sewer Revenue RB, Series B, 5.00%, 07/01/23 |
430 | 444,530 | ||||||
|
County of Snohomish WA GOL |
||||||||
|
4.00%, 12/01/43 ( 06/01/23) |
2,000 | 2,040,647 | ||||||
|
5.00%, 12/01/23 |
125 | 130,401 | ||||||
|
Energy Northwest RB |
||||||||
|
5.00%, 07/01/23 |
110 | 113,691 | ||||||
|
Series A, 4.00%, 07/01/23 |
150 | 153,322 | ||||||
|
Series A, 5.00%, 07/01/23 |
1,495 | 1,545,168 | ||||||
|
Grant County Public Utility District No 2 Priest Rapids Hydroelectric Project RB, Series A, 5.00%, 01/01/23 |
250 | 255,347 | ||||||
|
King County School District No. 216 Enumclaw GO, 5.00%, 12/01/23 (GTD) |
50 | 52,200 | ||||||
|
King County School District No. 401 Highline GO, 5.00%, 12/01/23 (GTD) |
25 | 26,092 | ||||||
|
King County School District No. 403 Renton GO, 5.00%, 12/01/23 (GTD) |
125 | 130,500 | ||||||
|
King County School District No. 405 Bellevue GO, 5.00%, 12/01/23 (GTD) |
2,870 | 2,994,914 | ||||||
|
King County School District No. 411 Issaquah GO, 5.00%, 12/01/23 (GTD) |
255 | 266,220 | ||||||
|
King County School District No. 415 Kent GO, 5.00%, 12/01/23 (GTD) |
90 | 93,889 | ||||||
|
Pierce County School District No. 320 Sumner GO, 5.00%, 12/01/23 (GTD) |
175 | 182,589 | ||||||
|
Pierce County School District No. 403 Bethel GO, 5.00%, 06/01/23 (GTD) |
65 | 67,060 | ||||||
| 40 |
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 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Washington (continued) |
||||||||
|
Pierce County School District No. 416 White River GO, 5.00%, 12/01/23 (GTD) |
$ | 70 | $ | 73,080 | ||||
|
Port of Seattle WA GOL |
||||||||
|
5.00%, 01/01/23 |
55 | 56,198 | ||||||
|
5.00%, 06/01/23 |
250 | 257,975 | ||||||
|
Port of Seattle WA RB, Series B, 5.00%, 03/01/23 |
70 | 71,776 | ||||||
|
Port of Tacoma WA GOL, Series A, 5.00%, 12/01/23 |
180 | 187,834 | ||||||
|
Port of Tacoma WA RB, Series A, 4.00%, 12/01/23 |
125 | 128,375 | ||||||
|
Skagit County School District No. 103 Anacortes GO, 5.00%, 12/01/23 (GTD) |
25 | 26,100 | ||||||
|
Snohomish County School District No. 15 Edmonds GO, 4.00%, 12/01/23 (GTD) |
20 | 20,556 | ||||||
|
Snohomish County School District No. 201 Snohomish GO, 5.00%, 12/01/23 (GTD) |
165 | 172,129 | ||||||
|
Snohomish County School District No. 4 Lake Stevens GO, 5.00%, 12/01/23 (GTD) |
140 | 146,160 | ||||||
|
Snohomish County School District No. 6 Mukilteo GO, 5.00%, 12/01/23 (GTD) |
245 | 255,975 | ||||||
|
Spokane & Whitman Counties School District No. 360 Cheney GO, 5.00%, 12/01/23 (GTD) |
100 | 104,337 | ||||||
|
State of Washington COP |
||||||||
|
Series A, 5.00%, 07/01/23 |
485 | 500,652 | ||||||
|
Series B, 5.00%, 07/01/23 |
235 | 242,584 | ||||||
|
State of Washington GO |
||||||||
|
5.00%, 07/01/23 |
125 | 129,195 | ||||||
|
5.00%, 08/01/23 |
110 | 113,917 | ||||||
|
Series C, 5.00%, 02/01/23 |
350 | 358,283 | ||||||
|
Series A, 5.00%, 08/01/23 |
420 | 434,955 | ||||||
|
Series B, 5.00%, 07/01/23 |
530 | 547,785 | ||||||
|
Series B, 5.00%, 08/01/23 |
185 | 191,587 | ||||||
|
Series C, 5.00%, 02/01/23 |
250 | 255,917 | ||||||
|
Series C, 5.50%, 07/01/23 |
90 | 92,100 | ||||||
|
Series D, 5.00%, 02/01/23 |
210 | 214,970 | ||||||
|
Series E, 5.00%, 06/01/23 |
100 | 103,147 | ||||||
|
Series E, 5.25%, 02/01/23 |
150 | 153,826 | ||||||
|
Series R, 4.00%, 07/01/23 |
90 | 91,993 | ||||||
|
Series R, 5.00%, 07/01/23 |
120 | 124,027 | ||||||
|
Series R-2015, 5.00%, 07/01/23 |
300 | 310,067 | ||||||
|
Series R-2017A, 5.00%, 08/01/23 |
215 | 222,656 | ||||||
|
Series R-2018D, 5.00%, 08/01/23 |
100 | 103,561 | ||||||
|
Series R-C, 5.00%, 07/01/23 |
375 | 387,584 | ||||||
|
State of Washington RB, Series C, 5.00%, 09/01/23 |
1,130 | 1,172,055 | ||||||
|
University of Washington RB |
||||||||
|
Series A, 4.00%, 12/01/23 |
165 | 169,714 | ||||||
|
Series B, 4.00%, 06/01/23 |
185 | 188,939 | ||||||
|
Series C, 5.00%, 12/01/23 |
215 | 224,460 | ||||||
|
Washington State University RB |
||||||||
|
5.00%, 04/01/23 |
315 | 323,546 | ||||||
|
5.00%, 10/01/23 |
120 | 124,665 | ||||||
|
Yakima County School District No. 90 East Valley GO, 5.00%, 12/01/23 (GTD) |
15 | 15,636 | ||||||
|
|
|
|||||||
| 21,335,808 | ||||||||
| West Virginia — 0.6% | ||||||||
|
State of West Virginia GO |
||||||||
|
Series A, 5.00%, 06/01/23 |
625 | 644,938 | ||||||
|
Series A, 5.00%, 11/01/23 |
55 | 57,316 | ||||||
|
Series A, 5.00%, 12/01/23 |
100 | 104,400 | ||||||
|
Series B, 5.00%, 06/01/23 |
225 | 232,178 | ||||||
|
West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/23 |
540 | 560,603 | ||||||
| Security | Par (000) |
Value | ||||||
|
West Virginia (continued) |
||||||||
|
West Virginia Parkways Authority RB, 5.00%, 06/01/23 |
$ | 260 | $ | 268,294 | ||||
|
West Virginia State School Building Authority Lottery RB, Series A, 5.00%, 07/01/23 |
225 | 232,314 | ||||||
|
West Virginia Water Development Authority RB |
||||||||
|
Series A, 5.00%, 07/01/23 |
100 | 103,297 | ||||||
|
Series A-II, 5.00%, 11/01/23 |
80 | 83,369 | ||||||
|
|
|
|||||||
| 2,286,709 | ||||||||
| Wisconsin — 3.7% | ||||||||
|
City of Madison WI GO, Series A, 4.00%, 10/01/23 |
480 | 491,961 | ||||||
|
City of Madison WI Water Utility Revenue RB, 5.00%, 01/01/23 |
50 | 51,056 | ||||||
|
City of Milwaukee WI GO, Series N1, 5.00%, 02/01/23 |
270 | 275,822 | ||||||
|
Milwaukee County Metropolitan Sewer District GO, Series A, 5.00%, 10/01/23 |
370 | 384,700 | ||||||
|
Milwaukee Metropolitan Sewerage District GO, 4.00%, 10/01/23 |
205 | 210,310 | ||||||
|
State of Wisconsin Clean Water Fund Leveraged Loan Portfolio RB |
||||||||
|
Series 1, 5.00%, 06/01/24 (PR 06/01/23) |
1,490 | 1,536,076 | ||||||
|
Series 2, 5.00%, 06/01/23 |
115 | 118,556 | ||||||
|
State of Wisconsin Environmental Improvement Fund Revenue RB, Series A, 5.00%, 06/01/23 |
930 | 959,668 | ||||||
|
State of Wisconsin GO |
||||||||
|
5.00%, 05/01/23 |
1,000 | 1,029,331 | ||||||
|
5.00%, 11/01/23 |
565 | 588,457 | ||||||
|
Series D, 5.00%, 05/01/23 |
360 | 370,559 | ||||||
|
Series 1, 5.00%, 05/01/23 |
475 | 488,932 | ||||||
|
Series 1, 5.00%, 11/01/23 |
320 | 333,286 | ||||||
|
Series 2, 5.00%, 11/01/23 |
255 | 265,587 | ||||||
|
Series A, 5.00%, 05/01/23 |
100 | 102,933 | ||||||
|
Series A, 5.00%, 05/01/28 (PR 05/01/23) |
1,000 | 1,028,831 | ||||||
|
Series A, 5.00%, 05/01/29 (PR 05/01/23) |
2,000 | 2,057,662 | ||||||
|
Series B, 4.00%, 05/01/23 |
55 | 56,074 | ||||||
|
Series C, 5.00%, 05/01/23 |
40 | 41,173 | ||||||
|
State of Wisconsin RB, Series A, 5.00%, 05/01/23 |
400 | 411,893 | ||||||
|
Wisconsin Department of Transportation RB |
||||||||
|
Series 1, 4.00%, 07/01/23 |
95 | 97,148 | ||||||
|
Series 1, 5.00%, 07/01/23 |
350 | 361,909 | ||||||
|
Series 1, 5.00%, 07/01/26 (PR 07/01/23) |
645 | 666,267 | ||||||
|
Series 1, 5.00%, 07/01/27 (PR 07/01/23) |
640 | 661,477 | ||||||
|
Series 1, 5.00%, 07/01/30 (PR 07/01/23) |
240 | 248,054 | ||||||
|
Series 2, 5.00%, 07/01/23 |
255 | 263,677 | ||||||
|
Series A, 5.00%, 07/01/23 |
625 | 646,266 | ||||||
|
Wisconsin Health & Educational Facilities Authority RB 5.00%, 08/15/23 |
115 | 119,113 | ||||||
|
Series A, 5.00%, 11/15/23 |
40 | 41,658 | ||||||
|
WPPI Energy RB, Series A, 5.00%, 07/01/23 |
230 | 237,020 | ||||||
|
|
|
|||||||
| 14,145,456 | ||||||||
|
|
|
|||||||
|
Total
Municipal Debt Obligations — 98.3% |
|
378,622,069 | ||||||
|
|
|
|||||||
|
S C H E D U L E O F I N V E S T M E N T S |
41 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2023 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Shares (000) |
Value | ||||||
|
|
||||||||
|
Short-Term Investments |
| |||||||
|
Money Market Funds — 1.0% |
||||||||
|
BlackRock
Liquidity Funds: MuniCash, |
3,744 | $ | 3,744,155 | |||||
|
|
|
|||||||
|
Total
Short-Term Investments — 1.0% |
|
3,744,155 | ||||||
|
|
|
|||||||
|
Total
Investments in Securities — 99.3% |
|
382,366,224 | ||||||
|
Other Assets, Less Liabilities — 0.7% |
|
2,697,376 | ||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
|
$ | 385,063,600 | |||||
|
|
|
|||||||
| (a) |
Zero-coupon bond. |
| (b) |
Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. |
| (c) |
Affiliate of the Fund. |
| (d) |
Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 04/30/22 |
Shares Held at 04/30/22 (000) |
Income |
Capital Gain Underlying Funds |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Liquidity Funds: MuniCash |
$ | 423,667 | $ | 3,320,636 | (a) | $ | — | $ | (253 | ) | $ | 105 | $ | 3,744,155 | 3,744 | $ | 774 | $ | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
|
||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
|
||||||||||||||||
|
Investments |
||||||||||||||||
|
Assets |
||||||||||||||||
|
Municipal Debt Obligations |
$ | — | $ | 378,622,069 | $ | — | $ | 378,622,069 | ||||||||
|
Money Market Funds |
3,744,155 | — | — | 3,744,155 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 3,744,155 | $ | 378,622,069 | $ | — | $ | 382,366,224 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
| 42 |
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) April 30, 2022 |
iShares® iBonds® Dec 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Municipal Debt Obligations |
| |||||||
|
Alabama — 0.7% |
||||||||
|
Alabama Federal Aid Highway Finance Authority RB |
||||||||
|
Series A, 5.00%, 09/01/24 |
$ | 205 | $ | 216,988 | ||||
|
Series B, 5.00%, 09/01/24 |
470 | 497,486 | ||||||
|
Alabama Public School & College Authority RB |
||||||||
|
Series A, 5.00%, 02/01/24 |
25 | 26,147 | ||||||
|
Series A, 5.00%, 05/01/24 |
75 | 78,811 | ||||||
|
Series B, 5.00%, 01/01/24 |
330 | 344,575 | ||||||
|
Series C, 5.00%, 06/01/24 |
100 | 105,274 | ||||||
|
Auburn University RB, Series B, 5.00%, 06/01/24 |
140 | 147,064 | ||||||
|
City of Huntsville AL GO, Series A, 5.00%, 08/01/24 |
15 | 15,859 | ||||||
|
County of Mobile AL GOL, Series A, 5.00%, 06/01/24 |
50 | 52,689 | ||||||
|
State of Alabama GO |
||||||||
|
Series A, 5.00%, 08/01/24 |
285 | 301,509 | ||||||
|
Series A, 5.00%, 11/01/24 |
185 | 196,798 | ||||||
|
Series C, 5.00%, 08/01/24 |
125 | 132,241 | ||||||
|
University of Alabama (The) RB, Series A, 5.00%, 07/01/24 |
130 | 137,050 | ||||||
|
|
|
|||||||
| 2,252,491 | ||||||||
| Alaska — 0.2% | ||||||||
|
State of Alaska GO, Series B, 5.00%, 08/01/24 |
620 | 655,355 | ||||||
|
|
|
|||||||
| Arizona — 2.8% | ||||||||
|
Arizona Board of Regents COP, Series A, 5.00%, 06/01/24 |
100 | 105,066 | ||||||
|
Arizona State University RB |
||||||||
|
Series A, 5.00%, 07/01/24 |
205 | 216,206 | ||||||
|
Series B, 5.00%, 07/01/24 |
185 | 195,113 | ||||||
|
Series C, 5.00%, 07/01/24 |
65 | 68,553 | ||||||
|
Arizona Transportation Board RB, 5.00%, 07/01/24 |
585 | 616,740 | ||||||
|
Arizona Water Infrastructure Finance Authority RB, Series A, 5.00%, 10/01/24 |
270 | 286,760 | ||||||
|
City of Peoria AZ GOL, Series B, 5.00%, 07/15/24 |
225 | 237,748 | ||||||
|
City of Phoenix AZ GO |
||||||||
|
4.00%, 07/01/24 |
565 | 585,024 | ||||||
|
5.00%, 07/01/24 |
215 | 227,126 | ||||||
|
City of Phoenix Civic Improvement Corp. RB |
||||||||
|
5.00%, 07/01/24 |
890 | 938,269 | ||||||
|
5.00%, 07/01/39 ( 07/01/24) |
1,000 | 1,055,746 | ||||||
|
Series A, 5.00%, 07/01/24 |
435 | 458,281 | ||||||
|
Series B, 5.00%, 07/01/24 |
740 | 780,139 | ||||||
|
Series D, 5.00%, 07/01/24 |
240 | 252,082 | ||||||
|
City of Scottsdale AZ GOL, 4.00%, 07/01/24 |
330 | 341,837 | ||||||
|
City of Tucson AZ COP, 5.00%, 07/01/24 (AGM) |
85 | 89,187 | ||||||
|
City of Tucson AZ Water System Revenue RB, 5.00%, 07/01/24 |
70 | 73,902 | ||||||
|
County of Pima AZ Sewer System Revenue RB, 5.00%, 07/01/24 |
250 | 263,611 | ||||||
|
Maricopa County Unified School District No. 97-Deer Valley/AZ GO, 4.00%, 07/01/24 |
20 | 20,700 | ||||||
|
Maricopa County Union High School District No. 210-Phoenix GO |
||||||||
|
5.00%, 07/01/24 |
150 | 158,264 | ||||||
|
Series C, 3.00%, 07/01/24 |
165 | 167,181 | ||||||
|
Maricopa County Union High School District No. 210-Phoenix GOL, 4.00%, 07/01/24 |
150 | 155,123 | ||||||
|
Regional Public Transportation Authority RB, 5.25%, 07/01/24 |
285 | 302,380 | ||||||
|
Salt River Project Agricultural Improvement & Power District RB, 5.00%, 01/01/24 |
300 | 313,250 | ||||||
| Security | Par (000) |
Value | ||||||
|
Arizona (continued) |
||||||||
|
State of Arizona COP |
||||||||
|
5.00%, 09/01/24 |
$ | 335 | $ | 354,513 | ||||
|
5.00%, 10/01/24 |
160 | 169,661 | ||||||
|
University of Arizona (The) RB |
||||||||
|
Series A, 5.00%, 06/01/24 |
100 | 105,274 | ||||||
|
Series B, 5.00%, 06/01/24 |
150 | 157,912 | ||||||
|
|
|
|||||||
| 8,695,648 | ||||||||
| Arkansas — 0.3% | ||||||||
|
State of Arkansas GO |
||||||||
|
4.00%, 06/01/24 |
600 | 619,556 | ||||||
|
5.00%, 04/01/24 |
195 | 204,892 | ||||||
|
|
|
|||||||
| 824,448 | ||||||||
| California — 11.9% | ||||||||
|
Allan Hancock Joint Community College District/CA GO |
||||||||
|
5.00%, 08/01/24 |
205 | 216,552 | ||||||
|
5.00%, 08/01/24 (ETM) |
10 | 10,572 | ||||||
|
Beverly Hills Unified School District CA GO 0.00%, 08/01/24(a) |
670 | 632,058 | ||||||
|
4.00%, 08/01/24 |
110 | 114,079 | ||||||
|
California Educational Facilities Authority RB, 0.00%, 10/01/24(a) |
160 | 149,780 | ||||||
|
California Health Facilities Financing Authority RB, Series A, 5.00%, 11/15/24 |
135 | 143,283 | ||||||
|
California Infrastructure & Economic Development Bank RB |
||||||||
|
5.00%, 10/01/24 |
475 | 504,715 | ||||||
|
Series A, 5.00%, 10/01/24 |
355 | 377,122 | ||||||
|
California State Public Works Board RB |
||||||||
|
5.00%, 05/01/24 |
185 | 194,216 | ||||||
|
Series A, 5.00%, 06/01/24 |
105 | 110,429 | ||||||
|
Series A, 5.00%, 09/01/24 |
250 | 264,328 | ||||||
|
Series B, 5.00%, 10/01/24 |
435 | 460,740 | ||||||
|
Series C, 5.00%, 03/01/24 |
100 | 104,756 | ||||||
|
Series D, 5.00%, 09/01/24 |
145 | 153,311 | ||||||
|
Series F, 5.00%, 05/01/24 |
305 | 320,195 | ||||||
|
Series G, 5.00%, 05/01/24 |
150 | 157,473 | ||||||
|
Series H, 5.00%, 12/01/24 |
75 | 79,712 | ||||||
|
Serise A, 5.00%, 03/01/24 |
145 | 151,896 | ||||||
|
California State University RB |
||||||||
|
Series A, 4.00%, 11/01/24 |
65 | 67,499 | ||||||
|
Series A, 5.00%, 11/01/24 |
685 | 727,828 | ||||||
|
Series A, 5.00%, 11/01/32 (PR 11/01/24) |
300 | 319,282 | ||||||
|
Serise A, 4.00%, 11/01/24 |
150 | 155,768 | ||||||
|
Cerritos Community College District GO, Series D, 0.00%, 08/01/24(a) |
125 | 117,765 | ||||||
|
City & County of San Francisco CA GO, 5.00%, 06/15/24 |
180 | 189,999 | ||||||
|
City of Long Beach CA Harbor Revenue RB, Series B, 5.00%, 05/15/24 |
150 | 157,758 | ||||||
|
City of Los Angeles CA Wastewater System Revenue RB, Series A, 5.00%, 06/01/24 |
85 | 89,448 | ||||||
|
City of Los Angeles Department of Airports RB 5.00%, 05/15/24 |
160 | 167,754 | ||||||
|
Series B, 5.00%, 05/15/24 |
290 | 304,054 | ||||||
|
Series C, 5.00%, 05/15/24 |
160 | 167,754 | ||||||
|
City of Petaluma CA Wastewater Revenue RB, 5.00%, 05/01/24 |
130 | 136,606 | ||||||
|
City of San Francisco CA Public Utilities Commission Water Revenue RB 4.00%, 11/01/24 |
130 | 134,935 | ||||||
|
5.00%, 11/01/24 |
330 | 350,468 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
43 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Series D, 5.00%, 11/01/24 |
$ | 165 | $ | 175,234 | ||||
|
City of San Jose CA GO, 5.00%, 09/01/24 |
265 | 280,497 | ||||||
|
Coast Community College District GO, Series D, 5.00%, 08/01/24 |
80 | 84,526 | ||||||
|
Contra Costa Transportation Authority RB, Series A, 5.00%, 03/01/24 |
45 | 47,140 | ||||||
|
Contra Costa Water District RB, Series T, 5.00%, 10/01/24 |
105 | 111,340 | ||||||
|
East Bay Municipal Utility District Water System Revenue RB, 5.00%, 06/01/24 |
195 | 205,733 | ||||||
|
Eastern Municipal Water District RB, Series A, 5.00%, 07/01/24 |
225 | 237,299 | ||||||
|
Escondido Union High School District GO, Series A, 0.00%, 08/01/24 (AGC)(a) |
255 | 239,656 | ||||||
|
Evergreen School District GO, 0.00%, 08/01/24 (AGC)(a) |
100 | 94,274 | ||||||
|
Foothill-De Anza Community College District GO 4.00%, 08/01/24 |
160 | 165,933 | ||||||
|
5.00%, 08/01/24 |
305 | 322,942 | ||||||
|
Grossmont Union High School District GO |
||||||||
|
5.00%, 08/01/24 |
150 | 158,486 | ||||||
|
Series 2004, 0.00%, 08/01/24 (NPFGC)(a) |
425 | 400,134 | ||||||
|
Long Beach Community College District GO |
||||||||
|
Series D, 0.00%, 05/01/24 (NPFGC)(a) |
170 | 161,285 | ||||||
|
Series F, 5.00%, 06/01/24 |
185 | 194,719 | ||||||
|
Los Angeles Community College District/CA GO |
||||||||
|
Series A, 5.00%, 08/01/24 |
650 | 688,238 | ||||||
|
Series A, 5.00%, 08/01/31 (PR 08/01/25) |
245 | 259,302 | ||||||
|
Series C, 5.00%, 08/01/24 |
420 | 444,707 | ||||||
|
Series J, 4.00%, 08/01/24 |
190 | 197,045 | ||||||
|
Los Angeles County Metropolitan Transportation Authority RB |
||||||||
|
5.00%, 07/01/24 |
225 | 237,494 | ||||||
|
Series A, 5.00%, 06/01/24 |
705 | 742,992 | ||||||
|
Series A, 5.00%, 07/01/24 |
460 | 485,743 | ||||||
|
Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue RB, Series A, 5.00%, 07/01/24 |
140 | 147,835 | ||||||
|
Los Angeles County Public Works Financing Authority RB, Series B, 5.00%, 12/01/24 |
270 | 287,311 | ||||||
|
Los Angeles County Sanitation Districts Financing Authority RB, Series A, 5.00%, 10/01/24 |
195 | 206,774 | ||||||
|
Los Angeles Department of Water & Power Power System Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/24 |
355 | 374,536 | ||||||
|
Series B, 5.00%, 07/01/24 |
705 | 743,651 | ||||||
|
Series C, 5.00%, 07/01/24 |
105 | 110,740 | ||||||
|
Serise A, 5.00%, 07/01/24 |
80 | 84,460 | ||||||
|
Los Angeles Unified School District/CA GO |
||||||||
|
Series A, 5.00%, 07/01/24 |
1,505 | 1,587,266 | ||||||
|
Series B, 5.00%, 07/01/24 |
295 | 311,125 | ||||||
|
Series B-1, 4.00%, 07/01/24 |
510 | 527,201 | ||||||
|
Series C, 5.00%, 07/01/24 |
720 | 759,357 | ||||||
|
Los Rios Community College District GO, 4.00%, 08/01/24 |
200 | 206,927 | ||||||
|
Metropolitan Water District of Southern California RB |
||||||||
|
Series A, 5.00%, 07/01/24 |
125 | 131,806 | ||||||
|
Series B, 4.00%, 10/01/24 |
95 | 98,479 | ||||||
|
Series C, 5.00%, 07/01/24 |
105 | 110,876 | ||||||
|
Municipal Improvement Corp. of Los Angeles RB, Series B, 5.00%, 11/01/24 |
255 | 270,562 | ||||||
|
North Orange County Community College District/CA GO, Series B, 0.00%, 08/01/24 (NPFGC)(a) |
120 | 112,829 | ||||||
|
Orange County Water District RB, Series C, 5.00%, 08/15/24 |
235 | 248,827 | ||||||
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Pajaro Valley Unified School District GO, Series B, 0.00%, 08/01/24 (AGM)(a) |
$ | 100 | $ | 93,983 | ||||
|
Pasadena Unified School District GO, Series B, 5.00%, 08/01/24 |
30 | 31,758 | ||||||
|
Placer Union High School District/CA GO, Series A, 0.00%, 08/01/24 (NPFGC)(a) |
25 | 23,475 | ||||||
|
Port of Los Angeles RB, Series A, 5.00%, 08/01/24 |
20 | 21,087 | ||||||
|
Poway Unified School District GO, Series A, 0.00%, 08/01/24(a) |
50 | 47,054 | ||||||
|
Riverside County Transportation Commission RB, Series B, 5.00%, 06/01/24 |
100 | 105,274 | ||||||
|
Sacramento Municipal Utility District RB, Series E, 5.00%, 08/15/24 |
220 | 232,440 | ||||||
|
Salinas Union High School District GO, Series A, 0.00%, 10/01/24 (NPFGC)(a) |
20 | 18,691 | ||||||
|
San Diego Community College District GO, 5.00%, 08/01/24 |
445 | 470,777 | ||||||
|
San Diego Unified School District/CA GO |
||||||||
|
Series A, 0.00%, 07/01/24(a) |
440 | 417,192 | ||||||
|
Series A, 0.00%, 07/01/24 (ETM)(a) |
160 | 151,383 | ||||||
|
Series C-2, 5.50%, 07/01/24 (AGM) |
255 | 271,552 | ||||||
|
Series D-1, 5.50%, 07/01/24 (NPFGC) |
395 | 420,640 | ||||||
|
Series R-4, 5.00%, 07/01/24 |
220 | 231,978 | ||||||
|
San Francisco Bay Area Rapid Transit District GO, Series A, 5.00%, 08/01/24 |
155 | 164,048 | ||||||
|
San Francisco Bay Area Rapid Transit District Sales Tax Revenue RB, Series A, 5.00%, 07/01/24 |
330 | 348,039 | ||||||
|
San Francisco City & County Airport Commission San Francisco International Airport RB, Series D, 5.00%, 05/01/24 |
225 | 235,537 | ||||||
|
San Francisco City & County Public Utilities Commission Wastewater Revenue RB, Series A, 5.00%, 10/01/24 |
295 | 312,741 | ||||||
|
San Joaquin Delta Community College District GO, Series C, 5.00%, 08/01/39( 08/01/24) |
1,000 | 1,057,249 | ||||||
|
San Jose Unified School District GO, 5.00%, 08/01/24 |
350 | 369,800 | ||||||
|
San Marcos Unified School District GO, 0.00%, 08/01/24(a) |
40 | 37,643 | ||||||
|
San Mateo County Community College District GO, Series B, 0.00%, 09/01/24 (NPFGC)(a) |
120 | 113,178 | ||||||
|
San Mateo Union High School District GO, 4.00%, 09/01/24 |
210 | 217,943 | ||||||
|
San Ramon Valley Unified School District/CA GO, 5.00%, 08/01/24 |
125 | 132,072 | ||||||
|
Santa Clara County Financing Authority RB, Serise A, 5.00%, 11/15/24 |
445 | 473,093 | ||||||
|
Santa Clara Valley Transportation Authority RB |
||||||||
|
Series A, 5.00%, 04/01/24 |
75 | 78,761 | ||||||
|
Series A, 5.00%, 06/01/24 |
150 | 158,162 | ||||||
|
Santa Clara Valley Water District COP, Series C, 5.00%, 06/01/24 |
295 | 310,560 | ||||||
|
Santa Monica-Malibu Unified School District GO, Series C, 4.00%, 07/01/24 |
85 | 87,867 | ||||||
|
Southern California Public Power Authority RB 5.00%, 07/01/24 |
135 | 142,467 | ||||||
|
Series C, 5.00%, 07/01/24 |
300 | 316,594 | ||||||
|
State of California Department of Water Resources RB |
||||||||
|
5.00%, 12/01/24 |
245 | 261,278 | ||||||
|
Series AR, 5.00%, 12/01/24 (PR 06/01/24) |
35 | 36,904 | ||||||
|
Series AS, 5.00%, 12/01/24 |
610 | 650,530 | ||||||
|
Series AV, 5.00%, 12/01/24 |
75 | 79,983 | ||||||
|
Series AW, 5.00%, 12/01/24 |
105 | 111,976 | ||||||
|
Series BA, 5.00%, 12/01/24 |
210 | 223,953 | ||||||
| 44 |
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 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
State of California GO |
||||||||
|
4.00%, 10/01/24 |
$ | 435 | $ | 450,825 | ||||
|
4.00%, 11/01/24 |
55 | 57,061 | ||||||
|
5.00%, 03/01/24 |
425 | 446,009 | ||||||
|
5.00%, 04/01/24 |
400 | 420,464 | ||||||
|
5.00%, 05/01/24 |
525 | 552,755 | ||||||
|
5.00%, 08/01/24 |
465 | 491,620 | ||||||
|
5.00%, 09/01/24 |
995 | 1,053,884 | ||||||
|
5.00%, 10/01/24 |
900 | 954,995 | ||||||
|
5.00%, 11/01/24 |
760 | 807,898 | ||||||
|
Series A, 5.00%, 10/01/24 |
175 | 185,693 | ||||||
|
Series B, 5.00%, 08/01/24 |
360 | 380,610 | ||||||
|
Series B, 5.00%, 09/01/24 |
880 | 932,079 | ||||||
|
Sunnyvale Elementary School District GO, 5.00%, 09/01/24 |
195 | 206,677 | ||||||
|
University of California RB |
||||||||
|
Series AM, 5.00%, 05/15/24 |
460 | 484,259 | ||||||
|
Series AO, 5.00%, 05/15/24 |
575 | 605,324 | ||||||
|
Series AR, 4.00%, 05/15/24 |
300 | 309,897 | ||||||
|
Series AV, 5.00%, 05/15/24 |
205 | 215,811 | ||||||
|
Series AY, 5.00%, 05/15/24 |
175 | 184,229 | ||||||
|
West Basin Municipal Water District/CA RB, Series A, 5.00%, 08/01/24 |
245 | 258,806 | ||||||
|
William S Hart Union High School District GO, Series B, 0.00%, 08/01/24 (AGM)(a) |
125 | 117,582 | ||||||
|
|
|
|||||||
| 37,061,556 | ||||||||
| Colorado — 0.6% | ||||||||
|
Board of Governors of Colorado State University System RB, Series E-2, 5.00%, 03/01/24 (NPFGC) |
150 | 157,079 | ||||||
|
City & County of Denver Co. Airport System Revenue RB, Series A, 5.00%, 11/15/24 |
110 | 116,388 | ||||||
|
Denver City & County School District No. 1 COP, Series A, 5.00%, 12/01/24 |
70 | 74,488 | ||||||
|
Denver City & County School District No. 1 GO 5.00%, 12/01/24 (SAW) |
320 | 340,682 | ||||||
|
Series A, 5.50%, 12/01/24 (SAW) |
405 | 436,208 | ||||||
|
Series B, 5.00%, 12/01/24 (SAW) |
135 | 143,725 | ||||||
|
E-470 Public Highway Authority RB, Series B, 0.00%, 09/01/24 (NPFGC)(a) |
25 | 23,514 | ||||||
|
Metro Wastewater Reclamation District RB, Series A, 5.00%, 04/01/24 |
240 | 252,175 | ||||||
|
University of Colorado RB |
||||||||
|
Series B-1, 5.00%, 06/01/24 |
195 | 205,285 | ||||||
|
Series C, VRDN,2.00%, 06/01/54 (Put 10/15/24)(b) |
250 | 244,428 | ||||||
|
|
|
|||||||
| 1,993,972 | ||||||||
| Connecticut — 1.5% | ||||||||
|
Hartford County Metropolitan District Clean Water Project Revenue RB, Series A, 5.00%, 11/01/34 (Put 11/01/24) |
250 | 265,881 | ||||||
|
State of Connecticut GO |
||||||||
|
Series A, 5.00%, 03/01/24 |
105 | 110,186 | ||||||
|
Series A, 5.00%, 03/15/24 |
190 | 199,537 | ||||||
|
Series B, 5.00%, 04/15/24 |
330 | 347,126 | ||||||
|
Series B, 5.00%, 05/15/24 |
280 | 294,253 | ||||||
|
Series D, 5.00%, 04/15/24 |
675 | 710,031 | ||||||
|
Series D, 5.00%, 06/15/24 |
130 | 136,862 | ||||||
|
Series D, 5.00%, 08/15/24 |
295 | 311,681 | ||||||
|
Series E, 5.00%, 09/15/24 |
130 | 137,594 | ||||||
|
Series E, 5.00%, 10/15/24 |
225 | 238,563 | ||||||
|
Series F, 5.00%, 11/15/24 |
200 | 212,423 | ||||||
| Security | Par (000) |
Value | ||||||
|
Connecticut (continued) |
||||||||
|
State of Connecticut Special Tax Revenue RB |
||||||||
|
Series A, 4.00%, 05/01/24 |
$ | 60 | $ | 61,840 | ||||
|
Series A, 5.00%, 08/01/24 |
415 | 438,105 | ||||||
|
Series A, 5.00%, 09/01/24 |
600 | 634,528 | ||||||
|
Series B, 5.00%, 08/01/24 |
400 | 422,270 | ||||||
|
|
|
|||||||
| 4,520,880 | ||||||||
| Delaware — 0.8% | ||||||||
|
City of Wilmington DE GO, 4.00%, 12/01/24 |
100 | 104,131 | ||||||
|
County of New Castle DE GO, 5.00%, 10/01/24 |
225 | 238,585 | ||||||
|
Delaware Transportation Authority RB |
||||||||
|
4.00%, 07/01/24 |
335 | 346,514 | ||||||
|
5.00%, 07/01/24 |
805 | 849,527 | ||||||
|
State of Delaware GO |
||||||||
|
5.00%, 03/01/24 |
360 | 377,782 | ||||||
|
Series 2009C, 5.00%, 10/01/24 |
220 | 233,923 | ||||||
|
Series A, 5.00%, 10/01/24 |
100 | 106,328 | ||||||
|
Series B, 5.00%, 07/01/27 (PR 07/01/24) |
85 | 89,554 | ||||||
|
|
|
|||||||
| 2,346,344 | ||||||||
| District of Columbia — 1.5% | ||||||||
|
District of Columbia GO |
||||||||
|
Series A, 4.00%, 06/01/24 |
55 | 56,827 | ||||||
|
Series A, 5.00%, 06/01/24 |
410 | 431,882 | ||||||
|
Series A, 5.00%, 10/15/24 |
120 | 127,440 | ||||||
|
Series B, 5.00%, 06/01/24 |
320 | 337,078 | ||||||
|
Series D, 5.00%, 06/01/24 |
490 | 516,151 | ||||||
|
District of Columbia RB |
||||||||
|
5.00%, 12/01/24 |
125 | 132,564 | ||||||
|
Series A, 5.00%, 12/01/24 |
460 | 489,612 | ||||||
|
Series B, 5.00%, 10/01/24 |
575 | 609,857 | ||||||
|
Series C, 5.00%, 10/01/24 |
715 | 758,344 | ||||||
|
District of Columbia Water & Sewer Authority RB |
||||||||
|
Series A, 5.00%, 10/01/24 |
380 | 403,496 | ||||||
|
Series B, 5.00%, 10/01/24 |
375 | 398,186 | ||||||
|
Metropolitan Washington Airports Authority Aviation Revenue RB, Series B, 5.00%, 10/01/24 |
35 | 36,978 | ||||||
|
Washington Metropolitan Area Transit Authority RB, 5.00%, 07/15/24 |
315 | 332,537 | ||||||
|
|
|
|||||||
| 4,630,952 | ||||||||
| Florida — 3.7% | ||||||||
|
Broward County FL Water & Sewer Utility Revenue RB, Series B, 5.00%, 10/01/24 |
130 | 137,881 | ||||||
|
Central Florida Expressway Authority RB, 5.00%, 07/01/24 |
60 | 63,150 | ||||||
|
City of Jacksonville FL RB, Series B, 5.00%, 10/01/24 |
25 | 26,455 | ||||||
|
City of Tampa FL Water & Wastewater System Revenue RB, 5.00%, 10/01/24 |
25 | 26,570 | ||||||
|
County of Hillsborough FL Community Investment Tax Revenue RB, 5.00%, 11/01/24 |
50 | 52,927 | ||||||
|
County of Miami-Dade FL Aviation Revenue RB, 5.00%, 10/01/24 |
150 | 157,687 | ||||||
|
County of Miami-Dade FL GO |
||||||||
|
Series A, 5.00%, 07/01/24 |
305 | 321,800 | ||||||
|
Series B, 5.00%, 07/01/24 |
100 | 105,553 | ||||||
|
County of Miami-Dade FL Transit System RB, 5.00%, 07/01/24 |
410 | 431,436 | ||||||
|
County of Miami-Dade FL Water & Sewer System Revenue RB |
||||||||
|
5.00%, 10/01/24 |
555 | 588,511 | ||||||
|
Series B, 5.00%, 10/01/24 |
130 | 137,849 | ||||||
|
County of Sarasota FL RB, 5.00%, 10/01/24 |
45 | 47,771 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
45 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Florida (continued) |
||||||||
|
Florida Department of Environmental Protection RB |
||||||||
|
5.00%, 07/01/24 |
$ | 295 | $ | 311,445 | ||||
|
Series A, 5.00%, 07/01/24 |
790 | 834,040 | ||||||
|
Florida Municipal Power Agency RB, Series A, 5.00%, 10/01/24 |
20 | 21,111 | ||||||
|
Florida State Development Commission RB, Series A, 5.00%, 07/01/24 |
100 | 105,510 | ||||||
|
Florida’s Turnpike Enterprise RB, Series A, 5.00%, 07/01/24 |
870 | 918,500 | ||||||
|
Hillsborough County School Board COP, Series A, 5.00%, 07/01/24 |
120 | 125,834 | ||||||
|
Lee County School Board (The) COP, 5.00%, 08/01/24 |
100 | 105,522 | ||||||
|
Miami-Dade County Expressway Authority RB, Series B, 5.00%, 07/01/24 |
280 | 293,673 | ||||||
|
Orange County Convention Center/Orlando RB, 5.00%, 10/01/24 |
190 | 200,785 | ||||||
|
Orange County School Board COP |
||||||||
|
Series B, 5.00%, 08/01/24 |
15 | 15,818 | ||||||
|
Series D, 5.00%, 08/01/24 |
50 | 52,728 | ||||||
|
Orlando Utilities Commission RB, Series A, 5.00%, 10/01/24 |
320 | 339,012 | ||||||
|
Palm Beach County School District COP, Series B, 5.00%, 08/01/24 |
280 | 294,459 | ||||||
|
Pasco County School Board COP, Series A, 5.00%, 08/01/24 |
60 | 62,964 | ||||||
|
Reedy Creek Improvement District GOL, Series A, 5.00%, 06/01/24 |
190 | 199,666 | ||||||
|
School Board of Miami-Dade County (The) COP |
||||||||
|
Series A, 5.00%, 05/01/24 |
315 | 330,316 | ||||||
|
Series D, 5.00%, 02/01/24 |
110 | 114,854 | ||||||
|
School Board of Miami-Dade County (The) GO, 5.00%, 03/15/24 |
195 | 204,495 | ||||||
|
School District of Broward County/FL COP |
||||||||
|
Series A, 5.00%, 07/01/24 |
545 | 574,933 | ||||||
|
Series B, 5.00%, 07/01/24 |
20 | 21,076 | ||||||
|
Series C, 5.00%, 07/01/24 |
130 | 136,993 | ||||||
|
State of Florida, Series C, 5.00%, 06/01/24 |
220 | 231,925 | ||||||
|
State of Florida Department of Transportation RB, Series A, 5.00%, 07/01/24 |
290 | 305,978 | ||||||
|
State of Florida Department of Transportation Turnpike System Revenue RB, Series A, 5.00%, 07/01/24 |
235 | 248,100 | ||||||
|
State of Florida GO |
||||||||
|
5.00%, 07/01/24 |
830 | 877,170 | ||||||
|
Seires E, 5.00%, 06/01/24 |
200 | 210,841 | ||||||
|
Series A, 5.00%, 01/01/24 |
195 | 203,906 | ||||||
|
Series A, 5.00%, 07/01/24 |
155 | 163,809 | ||||||
|
Series B, 5.00%, 06/01/24 |
225 | 237,196 | ||||||
|
Series F, 5.00%, 06/01/24 |
485 | 511,289 | ||||||
|
State of Florida Lottery Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/24 |
580 | 611,578 | ||||||
|
Series B, 5.00%, 07/01/24 |
485 | 511,406 | ||||||
|
Volusia County School Board COP, Series A, 5.00%, 08/01/24 |
20 | 21,051 | ||||||
|
Volusia County School Board RB, 5.00%, 10/01/24 |
20 | 21,121 | ||||||
|
|
|
|||||||
| 11,516,694 | ||||||||
| Georgia — 1.6% | ||||||||
|
City of Atlanta GA Airport Passenger Facility Charge RB, Series A, 5.00%, 01/01/24 |
695 | 725,464 | ||||||
|
City of Atlanta GA Water & Wastewater Revenue RB |
||||||||
|
5.00%, 11/01/24 |
575 | 610,807 | ||||||
|
Series B, 5.00%, 11/01/24 |
100 | 106,227 | ||||||
|
County of Forsyth GA GO, 5.00%, 09/01/24 |
280 | 297,094 | ||||||
|
County of Henry GA GO, 5.00%, 05/01/24 |
200 | 210,564 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Georgia (continued) |
||||||||
|
Fayette County School District/GA GO, 5.25%, 09/01/24 (SAW) |
$ | 105 | $ | 111,854 | ||||
|
Georgia Ports Authority RB, 5.00%, 07/01/24 |
200 | 211,063 | ||||||
|
Gwinnett County School District GO, 5.00%, 02/01/24 |
100 | 104,764 | ||||||
|
Gwinnett County Water & Sewerage Authority RB, 5.00%, 08/01/24 |
500 | 529,414 | ||||||
|
Metropolitan Atlanta Rapid Transit Authority RB, Series A, 4.00%, 07/01/24 |
290 | 299,781 | ||||||
|
Private Colleges & Universities Authority RB, Series B, 5.00%, 10/01/24 |
100 | 105,917 | ||||||
|
State of Georgia GO |
||||||||
|
Series A, 5.00%, 02/01/24 |
175 | 183,336 | ||||||
|
Series A-1, 5.00%, 02/01/24 |
155 | 162,384 | ||||||
|
Series A-1, 5.00%, 08/01/24 |
165 | 174,707 | ||||||
|
Series C, 5.00%, 07/01/24 |
220 | 232,503 | ||||||
|
Series C-1, 5.00%, 01/01/24 |
135 | 141,188 | ||||||
|
Series C-1, 5.00%, 07/01/24 |
400 | 422,733 | ||||||
|
Series E, 5.00%, 12/01/24 |
320 | 341,344 | ||||||
|
Series F, 5.00%, 01/01/24 |
100 | 104,584 | ||||||
|
|
|
|||||||
| 5,075,728 | ||||||||
| Hawaii — 1.3% | ||||||||
|
City & County Honolulu HI Wastewater System Revenue RB |
||||||||
|
5.00%, 07/01/24 |
75 | 79,018 | ||||||
|
Series A, 5.00%, 07/01/24 |
480 | 505,718 | ||||||
|
Series B, 5.00%, 07/01/24 |
170 | 179,109 | ||||||
|
City & County of Honolulu HI GO |
||||||||
|
4.00%, 07/01/24 |
210 | 217,083 | ||||||
|
Series A, 5.00%, 09/01/24 |
430 | 455,146 | ||||||
|
Series A, 5.00%, 10/01/24 |
75 | 79,528 | ||||||
|
Series B, 5.00%, 10/01/24 |
105 | 111,340 | ||||||
|
Series C, 5.00%, 10/01/24 |
70 | 74,227 | ||||||
|
Series D, 5.00%, 09/01/24 |
150 | 158,772 | ||||||
|
County of Hawaii HI GO |
||||||||
|
Series A, 5.00%, 09/01/24 |
115 | 121,725 | ||||||
|
Series B, 4.00%, 09/01/24 |
45 | 46,619 | ||||||
|
County of Maui HI GO, 5.00%, 09/01/24 |
35 | 37,104 | ||||||
|
Honolulu City & County Board of Water Supply RB, Series A, 5.00%, 07/01/24 |
150 | 158,199 | ||||||
|
State of Hawaii GO |
||||||||
|
Series EO, 5.00%, 08/01/24 |
40 | 42,308 | ||||||
|
Series ET, 5.00%, 10/01/24 |
135 | 143,314 | ||||||
|
Series EZ, 5.00%, 10/01/24 |
575 | 610,414 | ||||||
|
Series FE, 5.00%, 10/01/24 |
345 | 366,248 | ||||||
|
Series FH, 5.00%, 10/01/24 |
305 | 323,785 | ||||||
|
Series FN, 5.00%, 10/01/24 |
35 | 37,156 | ||||||
|
State of Hawaii State Highway Fund RB, Series B, 5.00%, 01/01/24 |
210 | 219,451 | ||||||
|
|
|
|||||||
| 3,966,264 | ||||||||
| Idaho — 0.3% | ||||||||
|
Idaho Housing & Finance Association RB |
||||||||
|
5.00%, 07/15/24 |
875 | 922,645 | ||||||
|
Series A, 5.00%, 07/15/24 |
25 | 26,361 | ||||||
|
|
|
|||||||
| 949,006 | ||||||||
| Illinois — 2.3% | ||||||||
|
Chicago O’Hare International Airport, Series B, 5.00%, 01/01/24 |
130 | 135,093 | ||||||
|
Chicago O’Hare International Airport RB |
||||||||
|
Series B, 5.00%, 01/01/24 |
260 | 270,185 | ||||||
|
Series C, 5.00%, 01/01/24 |
265 | 275,381 | ||||||
| 46 |
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 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Illinois (continued) |
||||||||
|
Series D, 5.00%, 01/01/24 |
$ | 175 | $ | 181,855 | ||||
|
Series E, 5.00%, 01/01/24 |
310 | 322,144 | ||||||
|
Chicago Transit Authority Capital Grant Receipts Revenue RB, 5.00%, 06/01/24 |
130 | 135,324 | ||||||
|
Illinois Finance Authority RB |
||||||||
|
5.00%, 01/01/24 |
270 | 281,700 | ||||||
|
5.00%, 07/01/24 |
700 | 735,540 | ||||||
|
Series A, 5.00%, 10/01/24 |
320 | 338,935 | ||||||
|
Illinois State Toll Highway Authority RB |
||||||||
|
5.00%, 01/01/24 |
160 | 167,067 | ||||||
|
Series D, 5.00%, 01/01/24 |
580 | 605,037 | ||||||
|
Metropolitan Water Reclamation District of Greater Chicago GOL, Series C, 5.00%, 12/01/24 |
375 | 397,401 | ||||||
|
State of Illinois GO |
||||||||
|
5.00%, 02/01/24 |
725 | 751,815 | ||||||
|
5.00%, 04/01/24 |
105 | 109,110 | ||||||
|
5.00%, 05/01/24 |
720 | 748,907 | ||||||
|
Series A, 4.00%, 05/01/24 |
295 | 301,168 | ||||||
|
Series A, 5.00%, 03/01/24 |
130 | 134,954 | ||||||
|
Series A, 5.00%, 10/01/24 |
65 | 68,025 | ||||||
|
Series A, 5.00%, 11/01/24 |
250 | 261,930 | ||||||
|
Series A, 5.00%, 12/01/24 |
50 | 52,411 | ||||||
|
Series B, 5.00%, 12/01/24 |
150 | 157,233 | ||||||
|
Series D, 5.00%, 11/01/24 |
400 | 419,089 | ||||||
|
State of Illinois RB |
||||||||
|
Series C, 4.00%, 06/15/24 |
25 | 25,523 | ||||||
|
Series C, 5.00%, 06/15/24 |
200 | 207,970 | ||||||
|
Series D, 5.00%, 06/15/24 |
75 | 78,101 | ||||||
|
|
|
|||||||
| 7,161,898 | ||||||||
| Indiana — 1.4% | ||||||||
|
Ball State University RB, 5.00%, 07/01/24 |
165 | 173,984 | ||||||
|
Indiana Finance Authority RB |
||||||||
|
5.00%, 10/01/24 |
250 | 265,216 | ||||||
|
Series A, 5.00%, 02/01/24 |
320 | 334,794 | ||||||
|
Series A, 5.00%, 10/01/24 |
230 | 244,054 | ||||||
|
Series B, 5.00%, 02/01/24 |
245 | 256,327 | ||||||
|
Series C, 5.00%, 12/01/24 |
815 | 868,307 | ||||||
|
Indiana Municipal Power Agency RB, Series C, 5.00%, 01/01/24 |
465 | 485,072 | ||||||
|
Indiana Transportation Finance Authority RB, Series C, 5.50%, 12/01/24 (NPFGC) |
300 | 323,586 | ||||||
|
Indiana University RB |
||||||||
|
Series A, 5.00%, 06/01/24 |
95 | 100,130 | ||||||
|
Series W-2, 5.00%, 08/01/24 |
175 | 185,137 | ||||||
|
Series X, 5.00%, 08/01/24 |
160 | 169,268 | ||||||
|
Indianapolis Local Public Improvement Bond Bank RB, Series A, 5.00%, 01/15/24 |
115 | 120,289 | ||||||
|
Purdue University COP, Series A, 5.00%, 07/01/24 |
205 | 216,606 | ||||||
|
Purdue University RB |
||||||||
|
5.25%, 07/01/24 |
100 | 106,033 | ||||||
|
Series A, 5.00%, 07/01/24 |
200 | 211,323 | ||||||
|
Series DD, 5.00%, 07/01/24 |
280 | 295,852 | ||||||
|
|
|
|||||||
| 4,355,978 | ||||||||
| Iowa — 0.4% | ||||||||
|
Iowa Finance Authority RB, 5.00%, 08/01/24 |
790 | 835,939 | ||||||
|
State of Iowa RB |
||||||||
|
5.00%, 06/15/24 |
325 | 342,639 | ||||||
|
Series A, 5.00%, 06/01/24 |
110 | 115,893 | ||||||
|
|
|
|||||||
| 1,294,471 | ||||||||
| Security |
Par (000) |
Value | ||||||
|
Kansas — 0.6% |
||||||||
|
City of Merriam KS GO, 5.00%, 10/01/24 |
$ | 125 | $ | 132,789 | ||||
|
City of Wichita KS Water & Sewer Utility Revenue RB, Series A, 5.00%, 10/01/24 |
200 | 212,076 | ||||||
|
Johnson County Unified School District No. 229 Blue Valley GO, Series B, 5.00%, 10/01/24 |
70 | 74,193 | ||||||
|
Johnson County Water District No. 1 RB, 5.00%, 01/01/24 |
55 | 57,448 | ||||||
|
Kansas Development Finance Authority RB, 5.00%, 05/01/24 |
400 | 420,727 | ||||||
|
Sedgwick County Unified School District No. 259 Wichita GO, Series A, 4.00%, 10/01/24 |
105 | 108,895 | ||||||
|
Sedgwick County Unified School District No. 262 Valley Center GO, 3.00%, 09/01/36( 09/01/24) |
240 | 243,016 | ||||||
|
State of Kansas Department of Transportation RB, Series A, 5.00%, 09/01/24 |
695 | 734,995 | ||||||
|
|
|
|||||||
| 1,984,139 | ||||||||
| Kentucky — 0.1% | ||||||||
|
Kentucky Turnpike Authority RB, 5.00%, 07/01/24 |
160 | 167,675 | ||||||
|
Louisville & Jefferson County Metropolitan Sewer District RB, 5.00%, 05/15/24 |
280 | 294,881 | ||||||
|
|
|
|||||||
| 462,556 | ||||||||
| Louisiana — 1.1% | ||||||||
|
Louisiana State University & Agricultural & Mechanical College RB, 5.00%, 07/01/34( 07/01/24) |
1,000 | 1,054,662 | ||||||
|
St Tammany Parish Wide School District No. 12 GO, 5.00%, 03/01/27( 03/01/24) |
1,125 | 1,179,535 | ||||||
|
State of Louisiana GO |
||||||||
|
5.00%, 05/01/24 |
225 | 236,434 | ||||||
|
Series A, 5.00%, 04/01/24 |
500 | 524,597 | ||||||
|
Series A, 5.00%, 09/01/24 |
140 | 147,894 | ||||||
|
Series B, 5.00%, 05/01/24 |
25 | 26,270 | ||||||
|
Series C, 5.00%, 08/01/24 |
50 | 52,728 | ||||||
|
Series D-2, 5.00%, 12/01/24 |
150 | 159,269 | ||||||
|
State of Louisiana RB, 5.00%, 09/01/24 |
110 | 116,151 | ||||||
|
|
|
|||||||
| 3,497,540 | ||||||||
| Maine — 0.8% | ||||||||
|
City of Portland ME GO, 5.00%, 10/01/24 |
170 | 180,552 | ||||||
|
Maine Municipal Bond Bank RB |
||||||||
|
Series A, 5.00%, 09/01/24 |
130 | 137,420 | ||||||
|
Series A, 5.00%, 11/01/24 |
150 | 159,491 | ||||||
|
Series B, 5.00%, 11/01/24 |
110 | 116,960 | ||||||
|
Series C, 5.00%, 11/01/24 |
420 | 446,575 | ||||||
|
Series D, 5.00%, 11/01/24 |
75 | 79,746 | ||||||
|
Maine Turnpike Authority RB, 5.00%, 07/01/24 |
120 | 126,507 | ||||||
|
State of Maine GO, Series B, 5.00%, 06/01/24 |
1,230 | 1,296,415 | ||||||
|
|
|
|||||||
| 2,543,666 | ||||||||
| Maryland — 4.3% | ||||||||
|
City of Baltimore MD RB, Series A, 5.00%, 07/01/24 |
300 | 315,425 | ||||||
|
County of Anne Arundel MD GOL, 5.00%, 10/01/24 |
905 | 961,614 | ||||||
|
County of Baltimore MD GO |
||||||||
|
5.00%, 02/01/24 |
100 | 104,764 | ||||||
|
5.00%, 03/01/24 |
400 | 419,758 | ||||||
|
5.00%, 08/01/24 |
280 | 296,408 | ||||||
|
County of Carroll MD GO, 5.00%, 11/01/24 |
225 | 239,518 | ||||||
|
County of Charles MD GO, 5.00%, 10/01/24 |
100 | 106,256 | ||||||
|
County of Frederick MD GO, Series A, 5.00%, 08/01/24 |
25 | 26,465 | ||||||
|
County of Howard MD GO |
||||||||
|
Series A, 5.00%, 02/15/24 |
120 | 125,878 | ||||||
|
Series A, 5.00%, 08/15/24 |
250 | 264,881 | ||||||
|
Series B, 5.00%, 02/15/24 |
50 | 52,449 | ||||||
|
Series C, 5.00%, 02/15/24 |
75 | 78,673 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
47 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Maryland (continued) |
||||||||
|
County of Montgomery MD GO |
||||||||
|
Series A, 4.00%, 11/01/31 (PR 11/01/24) |
$ | 1,000 | $ | 1,039,439 | ||||
|
Series A, 5.00%, 11/01/24 |
750 | 798,394 | ||||||
|
Series A, 5.00%, 12/01/24 |
125 | 133,305 | ||||||
|
Series A, 5.00%, 11/01/26 (PR 11/01/24) |
10 | 10,635 | ||||||
|
Series B, 5.00%, 06/01/24 |
235 | 247,836 | ||||||
|
Series B, 5.00%, 11/01/24 |
50 | 53,226 | ||||||
|
County of Montgomery MD Water Quality Protection Charge Revenue RB, 5.00%, 04/01/24 |
120 | 126,018 | ||||||
|
County of Prince George’s MD GOL |
||||||||
|
Series A, 4.00%, 09/01/24 |
390 | 404,481 | ||||||
|
Series A, 5.00%, 07/15/24 |
470 | 497,044 | ||||||
|
Series B, 5.00%, 07/15/24 |
225 | 237,947 | ||||||
|
Maryland Health & Higher Educational Facilities Authority RB, 5.25%, 07/01/27 (PR 01/01/25) |
1,500 | 1,588,215 | ||||||
|
Maryland State Transportation Authority RB, Series A, 5.00%, 07/01/24 |
150 | 158,199 | ||||||
|
State of Maryland Department of Transportation RB |
||||||||
|
4.00%, 09/01/24 |
235 | 243,726 | ||||||
|
5.00%, 05/01/24 |
205 | 215,664 | ||||||
|
5.00%, 09/01/24 |
240 | 254,371 | ||||||
|
5.00%, 10/01/24 |
495 | 525,486 | ||||||
|
5.00%, 11/01/24 |
260 | 276,516 | ||||||
|
State of Maryland GO |
||||||||
|
First Series, 5.00%, 06/01/24 |
460 | 485,222 | ||||||
|
Series A, 5.00%, 03/15/24 |
250 | 262,595 | ||||||
|
Series A, 5.00%, 08/01/24 |
150 | 158,824 | ||||||
|
Series B, 4.00%, 08/01/24 |
375 | 388,905 | ||||||
|
Series B, 5.00%, 08/01/24 |
835 | 884,121 | ||||||
|
Series C-2, 5.00%, 08/01/24 |
535 | 566,473 | ||||||
|
Washington Suburban Sanitary Commission RB |
||||||||
|
4.00%, 06/01/24 |
90 | 93,026 | ||||||
|
5.00%, 06/01/24 |
555 | 585,315 | ||||||
|
5.00%, 06/15/24 (GTD) |
40 | 42,222 | ||||||
|
|
|
|||||||
| 13,269,294 | ||||||||
| Massachusetts — 3.0% | ||||||||
|
City of Boston MA GO |
||||||||
|
Series A, 5.00%, 03/01/24 |
95 | 99,745 | ||||||
|
Series A, 5.00%, 11/01/24 |
700 | 745,518 | ||||||
|
Series B, 5.00%, 04/01/24 |
85 | 89,394 | ||||||
|
Series D, 5.00%, 03/01/24 |
250 | 262,487 | ||||||
|
Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue RB, Series A, 5.00%, 06/15/24 |
165 | 174,025 | ||||||
|
Commonwealth of Massachusetts GO |
||||||||
|
Series C, 5.00%, 10/01/24 |
100 | 106,159 | ||||||
|
Series C, 5.50%, 12/01/24 (AMBAC) |
135 | 145,508 | ||||||
|
Commonwealth of Massachusetts GOL |
||||||||
|
Series 7, 5.00%, 07/01/24 |
130 | 137,247 | ||||||
|
Series A, 5.00%, 01/01/24 |
250 | 261,460 | ||||||
|
Series A, 5.00%, 07/01/24 |
40 | 42,230 | ||||||
|
Series B, 5.00%, 07/01/24 |
695 | 733,743 | ||||||
|
Series B, 5.25%, 09/01/24 (AGM) |
870 | 926,791 | ||||||
|
Series C, 5.00%, 07/01/24 |
60 | 63,345 | ||||||
|
Series C, 5.00%, 10/01/24 |
360 | 382,172 | ||||||
|
Series F, 5.00%, 05/01/24 |
100 | 105,182 | ||||||
|
Series H, 5.00%, 12/01/24 |
185 | 197,100 | ||||||
|
Commonwealth of Massachusetts Transportation Fund Revenue RB, Series A, 5.00%, 06/01/24 |
215 | 226,564 | ||||||
|
Massachusetts Bay Transportation Authority RB Series A, 5.00%, 07/01/24 |
855 | 901,883 | ||||||
| Security | Par (000) |
Value | ||||||
|
Massachusetts (continued) |
||||||||
|
Series B, 5.00%, 07/01/24 |
$ | 105 | $ | 110,739 | ||||
|
Series C, 5.50%, 07/01/24 |
200 | 213,026 | ||||||
|
Massachusetts Bay Transportation Authority Sales Tax Revenue RB, Series B, 5.50%, 07/01/24 (NPFGC) |
215 | 229,003 | ||||||
|
Massachusetts Clean Water Trust (The) RB |
||||||||
|
5.00%, 08/01/24 |
245 | 259,413 | ||||||
|
Series 2017, 5.00%, 08/01/24 |
375 | 396,891 | ||||||
|
Series 21, 5.00%, 08/01/24 |
200 | 211,675 | ||||||
|
Series 22, 5.00%, 08/01/24 |
675 | 714,404 | ||||||
|
Massachusetts School Building Authority RB, Series C, 5.00%, 08/15/24 |
235 | 248,773 | ||||||
|
Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue RB, 5.00%, 01/01/24 |
175 | 182,817 | ||||||
|
Massachusetts Water Resources Authority RB |
||||||||
|
Series B, 5.00%, 08/01/24 |
345 | 364,760 | ||||||
|
Series C, 5.00%, 08/01/24 |
305 | 322,263 | ||||||
|
Series F, 5.00%, 08/01/24 |
325 | 343,606 | ||||||
|
University of Massachusetts Building Authority RB, Series 2021-1, 5.00%, 11/01/24 |
170 | 180,374 | ||||||
|
|
|
|||||||
| 9,378,297 | ||||||||
| Michigan — 1.1% | ||||||||
|
Chippewa Valley Schools GO, Series B, 5.00%, 05/01/24 (Q-SBLF) |
250 | 262,954 | ||||||
|
Michigan Finance Authority RB |
||||||||
|
5.00%, 10/01/24 |
110 | 116,509 | ||||||
|
Series B, 5.00%, 10/01/24 |
185 | 195,947 | ||||||
|
Series C-3, 5.00%, 07/01/24 (AGM) |
115 | 120,839 | ||||||
|
Michigan State Building Authority RB |
||||||||
|
5.00%, 04/15/24 |
380 | 399,647 | ||||||
|
Series I, 5.00%, 04/15/24 |
700 | 736,191 | ||||||
|
Oxford Area Community School District GO, Series A, 5.00%, 05/01/24 |
15 | 15,756 | ||||||
|
State of Michigan Comprehensive Transportation Revenue RB, 5.00%, 11/15/24 |
120 | 126,908 | ||||||
|
State of Michigan GO, Series A, 5.00%, 12/01/24 |
220 | 234,447 | ||||||
|
State of Michigan RB, 5.00%, 03/15/24 |
685 | 715,920 | ||||||
|
State of Michigan Trunk Line Revenue RB, 5.00%, 11/15/24 |
280 | 298,032 | ||||||
|
University of Michigan RB |
||||||||
|
Series A, 5.00%, 04/01/24 |
140 | 147,102 | ||||||
|
Serise A, 5.00%, 04/01/24 |
115 | 120,834 | ||||||
|
Wayne County Airport Authority RB, Series C, 5.00%, 12/01/24 |
50 | 52,948 | ||||||
|
|
|
|||||||
| 3,544,034 | ||||||||
| Minnesota — 1.3% | ||||||||
|
City of Minneapolis MN GO, 5.00%, 12/01/24 |
400 | 425,646 | ||||||
|
County of Hennepin MN GO, Series A, 5.00%, 12/01/24 |
325 | 346,341 | ||||||
|
Metropolitan Council GO |
||||||||
|
Series A, 5.00%, 03/01/24 |
50 | 52,470 | ||||||
|
Series C, 5.00%, 03/01/24 |
235 | 246,608 | ||||||
|
Series E, 5.00%, 12/01/24 |
255 | 272,406 | ||||||
|
Minneapolis-St Paul Metropolitan Airports Commission RB, Series B, 5.00%, 01/01/24 |
255 | 265,201 | ||||||
|
Minnesota Municipal Power Agency RB, Series A, 5.00%, 10/01/24 |
100 | 105,893 | ||||||
|
Minnesota Public Facilities Authority RB, Series B, 3.00%, 03/01/24 |
500 | 505,902 | ||||||
|
Rosemount-Apple Valley-Eagan Independent School District No. 196 GO, Series A, 5.00%, 02/01/24 |
115 | 120,297 | ||||||
| 48 |
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 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Minnesota (continued) |
||||||||
|
Southern Minnesota Municipal Power Agency RB, Series A, 4.00%, 01/01/24 |
$ | 100 | $ | 102,631 | ||||
|
State of Minnesota GO |
||||||||
|
Series A, 5.00%, 08/01/24 |
630 | 667,203 | ||||||
|
Series B, 5.00%, 08/01/24 |
205 | 217,106 | ||||||
|
Series B, 5.00%, 10/01/24 |
155 | 164,772 | ||||||
|
Series D, 5.00%, 08/01/24 |
585 | 619,546 | ||||||
|
Series E, 5.00%, 10/01/24 |
75 | 79,728 | ||||||
|
|
|
|||||||
| 4,191,750 | ||||||||
| Mississippi — 0.2% | ||||||||
|
State of Mississippi GO |
||||||||
|
Series B, 5.00%, 09/01/24 |
50 | 52,982 | ||||||
|
Series C, 4.00%, 10/01/24 |
25 | 25,927 | ||||||
|
Series C, 5.00%, 10/01/24 |
385 | 408,712 | ||||||
|
|
|
|||||||
| 487,621 | ||||||||
| Missouri — 1.1% | ||||||||
|
City of Springfield MO Public Utility Revenue RB, 5.00%, 08/01/24 |
175 | 184,900 | ||||||
|
Missouri Highway & Transportation Commission RB |
||||||||
|
Series A, 5.00%, 05/01/24 |
505 | 531,977 | ||||||
|
Series A, Series A, 5.00%, 05/01/24 |
130 | 136,945 | ||||||
|
Series B, 5.00%, 05/01/24 |
105 | 110,609 | ||||||
|
Missouri State Board of Public Buildings RB |
||||||||
|
Series A, 4.00%, 04/01/24 |
280 | 288,997 | ||||||
|
Series A, 5.00%, 04/01/24 |
355 | 373,009 | ||||||
|
Series B, 5.00%, 04/01/24 |
125 | 131,341 | ||||||
|
Missouri State Environmental Improvement & Energy Resources Authority RB |
||||||||
|
Series A, 5.00%, 01/01/24 |
1,000 | 1,045,003 | ||||||
|
Series B, 4.00%, 07/01/24 |
70 | 72,361 | ||||||
|
University of Missouri RB, Series A, 5.00%, 11/01/24 |
440 | 467,401 | ||||||
|
|
|
|||||||
| 3,342,543 | ||||||||
| Nebraska — 0.8% | ||||||||
|
City of Omaha NE GO |
||||||||
|
Series A, 5.00%, 01/15/24 |
150 | 157,001 | ||||||
|
Series B, 5.00%, 04/15/24 |
175 | 183,671 | ||||||
|
Series B, 5.00%, 11/15/24 |
25 | 26,566 | ||||||
|
Series B, 5.00%, 11/15/26 (PR 11/15/24) |
50 | 53,224 | ||||||
|
Nebraska Public Power District RB, Series A-1, 5.00%, 01/01/24 |
340 | 354,847 | ||||||
|
Omaha Public Power District Nebraska City Station Unit 2 RB, Series A, 5.00%, 02/01/24 |
155 | 161,976 | ||||||
|
Omaha Public Power District RB |
||||||||
|
Series A, 5.00%, 02/01/24 |
470 | 491,564 | ||||||
|
Series B, 5.00%, 02/01/31 (PR 02/01/25) |
1,115 | 1,179,335 | ||||||
|
|
|
|||||||
| 2,608,184 | ||||||||
| Nevada — 2.1% | ||||||||
|
Clark County School District GOL |
||||||||
|
Series B, 5.00%, 06/15/24 |
170 | 178,578 | ||||||
|
Series C, 5.00%, 06/15/24 |
570 | 598,762 | ||||||
|
Clark County Water Reclamation District GOL, 5.00%, 07/01/24 |
195 | 205,871 | ||||||
|
County of Clark NV GOL |
||||||||
|
5.00%, 06/01/24 |
65 | 68,469 | ||||||
|
5.00%, 11/01/24 |
160 | 170,083 | ||||||
|
5.00%, 12/01/24 |
265 | 282,196 | ||||||
|
Series A, 5.00%, 06/01/24 |
165 | 173,806 | ||||||
|
Series A, 5.00%, 11/01/24 |
205 | 217,920 | ||||||
|
Series B, 5.00%, 11/01/24 |
255 | 271,071 | ||||||
| Security | Par (000) |
Value | ||||||
|
Nevada (continued) |
||||||||
|
Serise A, 5.00%, 12/01/24 |
$ | 100 | $ | 106,489 | ||||
|
County of Clark NV Passenger Facility Charge Revenue RB |
||||||||
|
5.00%, 07/01/24 |
840 | 883,010 | ||||||
|
Series C, 5.00%, 07/01/24 |
190 | 199,729 | ||||||
|
County of Clark NV RB |
||||||||
|
5.00%, 07/01/24 |
965 | 1,016,531 | ||||||
|
Series A, 5.00%, 07/01/24 |
155 | 163,271 | ||||||
|
Las Vegas Valley Water District GOL |
||||||||
|
Series A, 5.00%, 02/01/24 |
150 | 156,856 | ||||||
|
Series B, 5.00%, 06/01/24 |
535 | 563,218 | ||||||
|
Nevada System of Higher Education RB, Series A, 5.00%, 07/01/24 |
140 | 147,532 | ||||||
|
State of Nevada GOL |
||||||||
|
Series A, 5.00%, 05/01/24 |
165 | 173,649 | ||||||
|
Series B, 5.00%, 11/01/24 |
270 | 287,354 | ||||||
|
Series D, 5.00%, 04/01/24 |
250 | 262,778 | ||||||
|
State of Nevada Highway Improvement Revenue RB |
||||||||
|
5.00%, 12/01/24 |
305 | 324,949 | ||||||
|
Series A, Series A, 5.00%, 12/01/24 |
100 | 106,541 | ||||||
|
Washoe County School District/NV GOL, Series A, 5.00%, 06/01/24 |
105 | 110,429 | ||||||
|
|
|
|||||||
| 6,669,092 | ||||||||
| New Hampshire — 0.1% | ||||||||
|
New Hampshire Health and Education Facilities Authority Act RB, 5.00%, 07/01/24 |
50 | 52,700 | ||||||
|
New Hampshire Municipal Bond Bank RB |
||||||||
|
Series B, 5.00%, 08/15/24 |
50 | 52,816 | ||||||
|
Series E, 5.00%, 08/15/24 |
15 | 15,845 | ||||||
|
State of New Hampshire GO, Series B, 5.00%, 12/01/24 |
210 | 223,953 | ||||||
|
|
|
|||||||
| 345,314 | ||||||||
| New Jersey — 2.7% | ||||||||
|
County of Essex NJ GO, Series B, 5.00%, 09/01/24 (SCH BD RES FD) |
110 | 116,613 | ||||||
|
County of Monmouth NJ Go, 5.00%, 07/15/24 |
445 | 470,310 | ||||||
|
Monmouth County Improvement Authority (The) RB |
||||||||
|
5.00%, 12/01/24 (GTD) |
90 | 95,980 | ||||||
|
Series A, 4.00%, 08/01/24 |
400 | 414,743 | ||||||
|
New Jersey Economic Development Authority RB |
||||||||
|
Series AAA, 4.00%, 06/15/24 |
120 | 122,890 | ||||||
|
Series N-1, 5.50%, 09/01/24 (AMBAC) |
55 | 58,280 | ||||||
|
Series PP, 5.00%, 06/15/27 (PR 06/15/24) |
1,900 | 2,002,031 | ||||||
|
Series UU, 5.00%, 06/15/24 |
190 | 198,453 | ||||||
|
Series XX, 4.00%, 06/15/24 (SAP) |
725 | 742,463 | ||||||
|
Series XX, 5.00%, 06/15/24 (SAP) |
135 | 141,006 | ||||||
|
New Jersey Educational Facilities Authority RB |
||||||||
|
Series A, 5.00%, 07/01/24 |
105 | 110,945 | ||||||
|
Series A, 5.00%, 09/01/24 |
270 | 283,083 | ||||||
|
Series B, 5.00%, 07/01/24 |
80 | 84,529 | ||||||
|
Series I, 5.00%, 07/01/24 |
170 | 179,624 | ||||||
|
New Jersey Transportation Trust Fund Authority RB |
||||||||
|
Series A, 5.00%, 06/15/24 |
840 | 880,624 | ||||||
|
Series A-1, 5.00%, 06/15/24 |
400 | 420,183 | ||||||
|
Series AA, 4.00%, 06/15/24 |
165 | 168,974 | ||||||
|
Series AA, 5.00%, 06/15/24 |
180 | 188,008 | ||||||
|
New Jersey Turnpike Authority RB, Series C, 5.00%, 01/01/24 |
140 | 145,950 | ||||||
|
State of New Jersey GO |
||||||||
|
5.00%, 06/01/24 |
470 | 491,767 | ||||||
|
Series A, 5.00%, 06/01/24 |
850 | 889,365 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
49 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
New Jersey (continued) |
||||||||
|
Township of Union NJ/Union County GO, 3.00%, 01/15/24 |
$ | 150 | $ | 152,200 | ||||
|
|
|
|||||||
| 8,358,021 | ||||||||
| New Mexico — 0.9% | ||||||||
|
New Mexico Finance Authority RB |
||||||||
|
5.00%, 06/01/24 |
150 | 158,381 | ||||||
|
Series A, 5.00%, 06/01/24 |
170 | 179,499 | ||||||
|
Series A, 5.00%, 06/15/24 |
720 | 760,914 | ||||||
|
Series D, 5.00%, 06/15/24 |
85 | 89,830 | ||||||
|
State of New Mexico GO |
||||||||
|
5.00%, 03/01/24 |
145 | 152,029 | ||||||
|
Series A, 5.00%, 03/01/24 |
480 | 503,268 | ||||||
|
Series B, 5.00%, 03/01/24 |
120 | 125,817 | ||||||
|
State of New Mexico Severance Tax Permanent Fund RB |
||||||||
|
Series A, 5.00%, 07/01/24 |
545 | 575,382 | ||||||
|
Series B, 4.00%, 07/01/24 |
255 | 263,874 | ||||||
|
|
|
|||||||
| 2,808,994 | ||||||||
| New York — 9.1% | ||||||||
|
City of New York NY GO |
||||||||
|
Series 1, 5.00%, 08/01/24 |
540 | 569,215 | ||||||
|
Series A, 5.00%, 08/01/24 |
1,345 | 1,417,767 | ||||||
|
Series A-1, 5.00%, 08/01/24 |
295 | 310,960 | ||||||
|
Series A-2015, 2.50%, 08/01/24 |
300 | 299,316 | ||||||
|
Series A-2015, 5.00%, 08/01/24 |
230 | 242,444 | ||||||
|
Series B, 5.00%, 08/01/24 |
100 | 105,410 | ||||||
|
Series B-1, 5.00%, 12/01/24 |
25 | 26,532 | ||||||
|
Series C, 5.00%, 08/01/24 |
1,180 | 1,243,841 | ||||||
|
Series D, 4.00%, 08/01/24 |
120 | 123,890 | ||||||
|
Series E, 5.00%, 08/01/24 |
530 | 558,674 | ||||||
|
Series I, 5.00%, 03/01/24 |
170 | 178,272 | ||||||
|
Series J-4, 4.00%, 08/01/24 |
100 | 103,242 | ||||||
|
Series J-4, 5.00%, 08/01/24 |
125 | 131,763 | ||||||
|
County of Monroe NY GOL, 5.00%, 06/01/24 |
1,000 | 1,050,456 | ||||||
|
County of Onondaga NY GOL, 5.00%, 05/01/24 |
60 | 63,109 | ||||||
|
County of Westchester NY GOL |
||||||||
|
Series A, 5.00%, 01/01/24 |
195 | 204,004 | ||||||
|
Series A, 5.00%, 12/01/24 |
125 | 133,273 | ||||||
|
Hudson Yards Infrastructure Corp., Series A, 5.00%, 02/15/24 |
175 | 183,163 | ||||||
|
Long Island Power Authority RB |
||||||||
|
Series A, 0.00%, 12/01/24 (AGM)(a) |
50 | 46,579 | ||||||
|
Series A, 5.00%, 09/01/24 |
155 | 164,282 | ||||||
|
Metropolitan Transportation Authority RB |
||||||||
|
Series A-1, 4.00%, 11/15/24 |
130 | 133,756 | ||||||
|
Series A-1, 5.00%, 11/15/24 |
280 | 294,889 | ||||||
|
Series A2, 5.00%, 11/15/24 |
25 | 26,329 | ||||||
|
Series A-2, 5.00%, 11/15/24 |
90 | 94,786 | ||||||
|
Series B, 5.00%, 11/15/24 |
525 | 552,918 | ||||||
|
Series B, 5.25%, 11/15/24 (AMBAC) |
100 | 106,681 | ||||||
|
Series B-1, 5.00%, 11/15/24 |
190 | 201,433 | ||||||
|
Series B-2, 5.00%, 11/15/24 |
185 | 196,132 | ||||||
|
Series C, 5.00%, 11/15/24 |
190 | 200,104 | ||||||
|
Series C-1, 5.00%, 11/15/24 |
855 | 900,466 | ||||||
|
Series F, 5.00%, 11/15/24 |
145 | 152,711 | ||||||
|
New York City Transitional Finance Authority Building Aid Revenue RB |
||||||||
|
Series S, 4.00%, 07/15/24 (SAW) |
140 | 144,521 | ||||||
|
Series S, 5.00%, 07/15/24 (SAW) |
115 | 121,161 | ||||||
|
Series S, 5.00%, 07/15/24 (ETM) (SAW) |
435 | 458,714 | ||||||
|
Series S1, 5.00%, 07/15/24 (SAW) |
105 | 110,625 | ||||||
|
Series S-1, 5.00%, 07/15/24 (SAW) |
310 | 327,143 | ||||||
| Security | Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
New York City Transitional Finance Authority Future Tax Secured Revenue RB |
||||||||
|
5.00%, 02/01/24 |
$ | 280 | $ | 293,092 | ||||
|
5.00%, 11/01/24 |
505 | 536,448 | ||||||
|
Series A-1, 5.00%, 08/01/24 |
635 | 670,925 | ||||||
|
Series B1, 5.00%, 08/01/24 |
180 | 190,183 | ||||||
|
Series C, 5.00%, 11/01/24 |
1,200 | 1,274,729 | ||||||
|
Series C1, 5.00%, 05/01/24 |
130 | 136,736 | ||||||
|
Series E-1, 5.00%, 02/01/24 |
100 | 104,676 | ||||||
|
New York City Water & Sewer System RB |
||||||||
|
Series AA, 4.00%, 06/15/24 |
120 | 123,999 | ||||||
|
Series AA, 5.00%, 06/15/24 |
1,355 | 1,428,252 | ||||||
|
New York State Dormitory Authority RB |
||||||||
|
Series A, 4.00%, 03/15/24 |
140 | 144,482 | ||||||
|
Series A, 5.00%, 02/15/24 |
230 | 240,990 | ||||||
|
Series A, 5.00%, 03/15/24 |
1,605 | 1,685,082 | ||||||
|
Series A, 5.00%, 07/01/24 |
815 | 859,197 | ||||||
|
Series B, 5.00%, 10/01/24 |
15 | 15,895 | ||||||
|
Series B, 5.50%, 03/15/24 (AMBAC) |
280 | 296,599 | ||||||
|
Series C, 5.00%, 03/15/24 |
900 | 944,727 | ||||||
|
Series D, 5.00%, 02/15/24 |
145 | 151,928 | ||||||
|
Series E, 5.00%, 02/15/24 |
430 | 450,829 | ||||||
|
Series E, 5.00%, 03/15/24 |
450 | 472,271 | ||||||
|
Series F, 5.00%, 10/01/24 (SAW) |
60 | 63,233 | ||||||
|
New York State Environmental Facilities Corp. RB |
||||||||
|
5.00%, 06/15/24 |
1,260 | 1,332,137 | ||||||
|
Series A, 4.00%, 06/15/24 |
65 | 67,385 | ||||||
|
Series D, 5.00%, 09/15/24 |
135 | 143,560 | ||||||
|
New York State Thruway Authority RB |
||||||||
|
Series J, 5.00%, 01/01/24 |
150 | 156,525 | ||||||
|
Series K, 4.00%, 01/01/24 |
160 | 164,368 | ||||||
|
Series K, 5.00%, 01/01/24 |
105 | 109,567 | ||||||
|
Series L, 5.00%, 01/01/24 |
185 | 193,047 | ||||||
|
New York State Urban Development Corp. RB |
||||||||
|
5.00%, 03/15/24 |
235 | 246,795 | ||||||
|
Series A, 5.00%, 03/15/24 |
1,695 | 1,780,077 | ||||||
|
Port Authority of New York & New Jersey RB, Series 194, 5.00%, 10/15/24 |
415 | 440,831 | ||||||
|
Sales Tax Asset Receivable Corp. RB, Series A, 5.00%, 10/15/24 |
815 | 865,988 | ||||||
|
State of New York GO, Series A, 5.00%, 03/01/24 |
360 | 377,782 | ||||||
|
Triborough Bridge & Tunnel Authority RB |
||||||||
|
Series A, 5.00%, 11/15/24 |
1,065 | 1,133,857 | ||||||
|
Series C-1, 5.00%, 11/15/24 |
165 | 175,668 | ||||||
|
|
|
|||||||
| 28,450,421 | ||||||||
| North Carolina — 2.1% | ||||||||
|
City of Charlotte NC COP, 5.00%, 06/01/24 |
125 | 131,723 | ||||||
|
City of Charlotte NC GO, Series A, 5.00%, 06/01/24 |
140 | 147,676 | ||||||
|
City of Charlotte NC Water & Sewer System Revenue RB, 5.00%, 07/01/24 |
265 | 280,003 | ||||||
|
City of Durham NC Water & Sewer Utility System Revenue RB, 4.00%, 08/01/24 |
170 | 176,152 | ||||||
|
City of Raleigh NC RB, Series A, 5.00%, 06/01/24 |
160 | 168,606 | ||||||
|
City of Winston-Salem NC RB, Series C, 5.00%, 06/01/24 |
200 | 210,841 | ||||||
|
City of Winston-Salem NC Water & Sewer System Revenue RB, Series A, 5.00%, 06/01/24 |
10 | 10,548 | ||||||
|
County of Buncombe NC RB |
||||||||
|
5.00%, 06/01/24 |
125 | 131,723 | ||||||
|
Serise A, 5.00%, 06/01/24 |
175 | 184,413 | ||||||
|
County of Durham NC GO, 5.00%, 10/01/24 |
45 | 47,826 | ||||||
| 50 |
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 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
North Carolina (continued) |
||||||||
|
County of Forsyth NC GO |
||||||||
|
5.00%, 04/01/24 |
$ | 100 | $ | 105,131 | ||||
|
5.00%, 12/01/24 |
95 | 101,361 | ||||||
|
County of Guilford NC GO |
||||||||
|
5.00%, 03/01/24 |
520 | 546,164 | ||||||
|
Series B, 5.00%, 05/01/24 |
235 | 247,412 | ||||||
|
County of Mecklenburg NC GO |
||||||||
|
4.00%, 02/01/24 |
145 | 149,491 | ||||||
|
5.00%, 03/01/24 |
285 | 299,182 | ||||||
|
Series A, 5.00%, 09/01/24 |
125 | 132,631 | ||||||
|
Series A, 5.00%, 12/01/24 |
175 | 186,718 | ||||||
|
Series B, 5.00%, 12/01/24 |
210 | 224,062 | ||||||
|
County of Orange NC GO, 4.00%, 04/01/24 |
200 | 206,541 | ||||||
|
County of Wake NC GO, Series A, 5.00%, 03/01/24 |
295 | 309,300 | ||||||
|
County of Wake NC RB |
||||||||
|
Series A, 5.00%, 08/01/24 |
135 | 142,790 | ||||||
|
Series A, 5.00%, 12/01/24 |
110 | 117,195 | ||||||
|
North Carolina State University at Raleigh RB, 5.00%, 10/01/24 |
45 | 47,750 | ||||||
|
State of North Carolina GO |
||||||||
|
Series A, 5.00%, 06/01/24 |
175 | 184,595 | ||||||
|
Series C, 5.00%, 05/01/24 |
700 | 736,973 | ||||||
|
State of North Carolina RB |
||||||||
|
5.00%, 03/01/24 |
325 | 340,456 | ||||||
|
Series B, 5.00%, 06/01/24 |
495 | 521,624 | ||||||
|
Series C, 5.00%, 05/01/24 |
250 | 263,105 | ||||||
|
University of North Carolina at Greensboro RB, 5.00%, 04/01/24 |
160 | 167,718 | ||||||
|
|
|
|||||||
| 6,519,710 | ||||||||
| Ohio — 3.4% | ||||||||
|
American Municipal Power Inc. RB, 5.00%, 02/15/24 |
400 | 418,300 | ||||||
|
City of Columbus OH, Series 6, 5.00%, 08/15/24 |
130 | 137,679 | ||||||
|
City of Columbus OH GO |
||||||||
|
Series 2017-1, 5.00%, 04/01/24 |
475 | 499,187 | ||||||
|
Series A, 4.00%, 08/15/24 |
455 | 471,817 | ||||||
|
Series A, 5.00%, 07/01/24 |
170 | 179,551 | ||||||
|
Cleveland Department of Public Utilities Division of Water RB, Series Y, 4.00%, 01/01/29 (PR 01/01/24) |
1,040 | 1,069,940 | ||||||
|
County of Franklin OH GOL, 5.00%, 12/01/24 |
20 | 21,313 | ||||||
|
County of Hamilton OH Sales Tax Revenue RB, Series A, 5.00%, 12/01/24 |
200 | 212,307 | ||||||
|
Miami University/Oxford OH RB, 5.00%, 09/01/24 |
455 | 480,019 | ||||||
|
Ohio State University (The) RB, Series A, 5.00%, 12/01/24 |
300 | 319,312 | ||||||
|
Ohio University RB, Series A, 5.00%, 12/01/24 |
110 | 116,769 | ||||||
|
Ohio Water Development Authority RB |
||||||||
|
5.00%, 06/01/24 |
100 | 105,379 | ||||||
|
5.00%, 12/01/24 |
275 | 292,987 | ||||||
|
Series B, 5.00%, 12/01/24 |
210 | 223,736 | ||||||
|
Ohio Water Development Authority Water Pollution Control Loan Fund RB |
||||||||
|
5.00%, 06/01/24 |
230 | 242,371 | ||||||
|
5.00%, 12/01/24 |
110 | 117,195 | ||||||
|
Series 2015A, 5.00%, 06/01/24 |
750 | 790,340 | ||||||
|
Series 2015-A, 5.00%, 12/01/24 |
220 | 234,390 | ||||||
|
State of Ohio GO |
||||||||
|
Series A, 4.00%, 05/01/24 |
110 | 113,568 | ||||||
|
Series A, 4.00%, 05/01/24 (ETM) |
5 | 5,152 | ||||||
|
Series A, 5.00%, 08/01/24 |
350 | 370,195 | ||||||
|
Series A, 5.00%, 09/01/24 |
195 | 206,631 | ||||||
|
Series A, 5.00%, 09/15/24 |
490 | 519,669 | ||||||
| Security | Par (000) |
Value | ||||||
|
Ohio (continued) |
||||||||
|
Series B, 5.00%, 08/01/24 |
$ | 120 | $ | 126,924 | ||||
|
Series B, 5.00%, 09/15/24 |
1,225 | 1,299,173 | ||||||
|
Series S, 5.00%, 05/01/24 |
145 | 152,688 | ||||||
|
Series U, 5.00%, 05/01/24 |
165 | 173,748 | ||||||
|
Serise A, 5.00%, 05/01/24 |
150 | 157,773 | ||||||
|
Serise A, 5.00%, 06/15/24 |
200 | 210,940 | ||||||
|
State of Ohio RB |
||||||||
|
Series A, 5.00%, 04/01/24 |
505 | 530,521 | ||||||
|
Series A, 5.00%, 10/01/24 |
250 | 265,095 | ||||||
|
Series A, 5.00%, 12/01/24 |
390 | 415,005 | ||||||
|
Series B, 5.00%, 10/01/24 |
35 | 37,113 | ||||||
|
Series C, 5.00%, 12/01/24 |
110 | 117,053 | ||||||
|
|
|
|||||||
| 10,633,840 | ||||||||
| Oklahoma — 0.6% | ||||||||
|
City of Oklahoma City OK GO |
||||||||
|
4.00%, 03/01/24 |
250 | 257,988 | ||||||
|
5.00%, 03/01/24 |
10 | 10,498 | ||||||
|
Grand River Dam Authority RB |
||||||||
|
Series A, 4.00%, 06/01/24 |
445 | 459,504 | ||||||
|
Series A, 5.00%, 06/01/24 |
335 | 352,669 | ||||||
|
Oklahoma Capitol Improvement Authority RB |
||||||||
|
5.00%, 07/01/24 |
220 | 231,883 | ||||||
|
Series B, 5.00%, 01/01/24 |
15 | 15,685 | ||||||
|
Series B, 5.00%, 07/01/24 |
55 | 57,971 | ||||||
|
Series C, 5.00%, 07/01/24 |
30 | 31,620 | ||||||
|
Oklahoma Turnpike Authority RB, Series D, 5.00%, 01/01/24 |
175 | 182,554 | ||||||
|
Oklahoma Water Resources Board RB, 5.00%, 04/01/24 |
105 | 110,226 | ||||||
|
|
|
|||||||
| 1,710,598 | ||||||||
| Oregon — 1.7% | ||||||||
|
Chemeketa Community College District GO, 5.00%, 06/15/24 (GTD) |
190 | 200,191 | ||||||
|
City of Eugene OR Electric Utility System Revenue RB, Series A, 5.00%, 08/01/24 |
175 | 184,900 | ||||||
|
City of Portland OR GOL, Series B, 5.00%, 06/15/24 |
175 | 184,758 | ||||||
|
City of Portland OR Sewer System Revenue RB |
||||||||
|
Series A, 5.00%, 03/01/24 |
400 | 419,390 | ||||||
|
Series A, 5.00%, 05/01/24 |
50 | 52,541 | ||||||
|
Series A, 5.00%, 10/01/24 |
50 | 53,055 | ||||||
|
Series B, 5.00%, 06/01/24 |
140 | 147,384 | ||||||
|
City of Portland OR Water System Revenue RB, Series A, 5.00%, 05/01/24 |
250 | 262,704 | ||||||
|
County of Multnomah OR GOL, 5.00%, 06/01/24 |
355 | 374,465 | ||||||
|
Multnomah County School District No. 1 Portland/OR GO |
||||||||
|
5.00%, 06/15/24 (GTD) |
130 | 137,194 | ||||||
|
Series B, 5.00%, 06/15/24 (GTD) |
300 | 316,601 | ||||||
|
Oregon State Lottery RB |
||||||||
|
Series C, 5.00%, 04/01/24 |
220 | 231,034 | ||||||
|
Series E, 5.00%, 04/01/24 (MORAL OBLG) |
170 | 178,526 | ||||||
|
Portland Community College District GO, 5.00%, 06/15/24 |
150 | 158,045 | ||||||
|
Salem-Keizer School District No. 24J GO, Series B, 0.00%, 06/15/24 (GTD)(a) |
125 | 117,990 | ||||||
|
State of Oregon Department of Transportation RB, Series A, 5.00%, 11/15/24 |
660 | 702,504 | ||||||
|
State of Oregon GO |
||||||||
|
Series A, 5.00%, 05/01/24 |
500 | 525,909 | ||||||
|
Series B, 5.00%, 08/01/24 |
165 | 174,520 | ||||||
|
Series H, 5.00%, 05/01/24 |
130 | 136,736 | ||||||
|
Series I, 5.00%, 08/01/24 |
75 | 79,328 | ||||||
|
Series K, 5.00%, 11/01/24 |
200 | 212,705 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
51 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Oregon (continued) |
||||||||
|
Series L, 5.00%, 08/01/24 |
$ | 95 | $ | 100,481 | ||||
|
Series O, 5.00%, 08/01/24 |
25 | 26,443 | ||||||
|
Washington & Clackamas Counties School District No. 23J Tigard-Tualatin GO, Series J, 5.00%, 06/15/24 (GTD) |
200 | 210,940 | ||||||
|
|
|
|||||||
| 5,188,344 | ||||||||
| Pennsylvania — 2.1% | ||||||||
|
City of Philadelphia PA GO |
||||||||
|
5.00%, 08/01/24 |
230 | 242,392 | ||||||
|
Series A, 5.00%, 08/01/24 |
365 | 384,666 | ||||||
|
City of Philadelphia PA Water & Wastewater Revenue RB, Series B, 5.00%, 11/01/24 |
430 | 457,423 | ||||||
|
Commonwealth of Pennsylvania GO |
||||||||
|
5.00%, 07/15/24 |
1,000 | 1,055,774 | ||||||
|
First Series, 5.00%, 01/01/24 |
180 | 188,100 | ||||||
|
First Series, 5.00%, 03/01/24 |
105 | 110,090 | ||||||
|
First Series, 5.00%, 03/15/24 |
245 | 257,067 | ||||||
|
First Series, 5.00%, 06/15/24 |
170 | 179,154 | ||||||
|
First Series, 5.00%, 07/01/24 |
335 | 353,384 | ||||||
|
First Series, 5.00%, 08/15/24 |
605 | 639,903 | ||||||
|
First Series, 5.00%, 09/15/24 |
295 | 312,582 | ||||||
|
Second Series, 5.00%, 01/15/24 |
65 | 67,978 | ||||||
|
Second Series, 5.00%, 09/15/24 |
805 | 852,978 | ||||||
|
County of Berks PA GO, 5.00%, 11/15/24 |
100 | 106,237 | ||||||
|
County of Chester PA GO, 5.00%, 07/15/24 |
90 | 95,199 | ||||||
|
County of Montgomery PA GO, Series A, 5.00%, 04/01/24 |
20 | 21,011 | ||||||
|
Delaware County Authority RB, 5.00%, 08/01/24 |
45 | 47,384 | ||||||
|
Delaware River Joint Toll Bridge Commission RB |
||||||||
|
5.00%, 07/01/24 |
195 | 205,786 | ||||||
|
Series B, 5.00%, 07/01/24 |
125 | 131,914 | ||||||
|
Pennsylvania Infrastructure Investment Authority RB, Series A, 5.00%, 01/15/24 |
195 | 204,102 | ||||||
|
Pennsylvania Turnpike Commission RB |
||||||||
|
5.00%, 06/01/24 |
105 | 109,906 | ||||||
|
Series A, 5.00%, 12/01/24 |
170 | 180,536 | ||||||
|
Series A-1, 5.00%, 12/01/24 |
215 | 228,840 | ||||||
|
Series A-2, 5.00%, 12/01/24 |
50 | 53,219 | ||||||
|
Series B, 5.00%, 12/01/24 |
180 | 191,587 | ||||||
|
|
|
|||||||
| 6,677,212 | ||||||||
| Rhode Island — 0.6% | ||||||||
|
Rhode Island Commerce Corp. RB, Series A, 4.00%, 06/15/24 |
430 | 441,191 | ||||||
|
Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund RB, Series B, 5.00%, 10/01/24 |
225 | 239,021 | ||||||
|
Rhode Island Turnpike & Bridge Authority RB, Series A, 5.00%, 10/01/24 |
215 | 227,463 | ||||||
|
State of Rhode Island GO |
||||||||
|
5.00%, 01/15/24 |
100 | 104,650 | ||||||
|
5.00%, 08/01/24 |
195 | 206,427 | ||||||
|
Series A, 5.00%, 05/01/24 |
175 | 184,208 | ||||||
|
Series D, 5.00%, 08/01/24 |
295 | 312,288 | ||||||
|
|
|
|||||||
| 1,715,248 | ||||||||
| South Carolina — 0.8% | ||||||||
|
Charleston Educational Excellence Finance Corp. RB, 5.00%, 12/01/24 |
70 | 74,579 | ||||||
|
City of Charleston SC Waterworks & Sewer System Revenue RB, 5.00%, 01/01/24 |
155 | 162,183 | ||||||
|
County of Charleston SC GO, Series C, 5.00%, 11/01/24 (SAW) |
160 | 170,364 | ||||||
|
Horry County School District/SC GO |
||||||||
|
5.00%, 03/01/24 (SCSDE) |
295 | 309,300 | ||||||
| Security | Par (000) |
Value | ||||||
|
South Carolina (continued) |
||||||||
|
Series A, 5.00%, 03/01/24 |
$ | 170 | $ | 178,241 | ||||
|
Lancaster County School District/SC GO, 5.00%, 03/01/24 |
100 | 104,866 | ||||||
|
Richland County School District No. 1/SC GO, Series C, 5.00%, 03/01/24 |
100 | 104,848 | ||||||
|
South Carolina Transportation Infrastructure Bank RB, Series A, 5.00%, 10/01/24 |
700 | 741,421 | ||||||
|
State of South Carolina GO |
||||||||
|
Series B, 5.00%, 04/01/24 (SAW) |
475 | 499,278 | ||||||
|
Serise A, 5.00%, 04/01/24 (SAW) |
75 | 78,833 | ||||||
|
|
|
|||||||
| 2,423,913 | ||||||||
| Tennessee — 1.8% | ||||||||
|
City of Chattanooga TN GO, Series B, 5.00%, 03/01/24 |
100 | 104,940 | ||||||
|
City of Memphis TN Electric System Revenue RB, 5.00%, 12/01/24 |
175 | 186,446 | ||||||
|
County of Blount TN GO, Series B, 5.00%, 06/01/24 |
180 | 189,644 | ||||||
|
County of Knox TN GO, 5.00%, 06/01/24 |
120 | 126,530 | ||||||
|
County of Williamson TN GO, 5.00%, 04/01/24 |
275 | 288,950 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Electric Revenue RB |
||||||||
|
Series A, 5.00%, 05/15/24 |
315 | 331,420 | ||||||
|
Series B, 5.00%, 05/15/24 |
200 | 210,425 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN GO |
||||||||
|
5.00%, 01/01/24 |
270 | 282,015 | ||||||
|
5.00%, 07/01/24 |
605 | 638,595 | ||||||
|
Series A, 5.00%, 07/01/24 |
165 | 174,162 | ||||||
|
Series C, 4.00%, 07/01/24 |
175 | 181,052 | ||||||
|
State of Tennessee GO |
||||||||
|
Series A, 5.00%, 08/01/24 |
145 | 153,530 | ||||||
|
Series B, 5.00%, 08/01/24 |
595 | 630,003 | ||||||
|
Tennessee State School Bond Authority GO, Series B, 5.00%, |
1,065 | 1,128,525 | ||||||
|
Tennessee State School Bond Authority RB |
||||||||
|
5.00%, 11/01/24 (ST INTERCEPT) |
75 | 79,596 | ||||||
|
Second
Series, 5.00%, 11/01/24 |
145 | 153,885 | ||||||
|
Series A, 5.00%, 11/01/24 |
325 | 344,914 | ||||||
|
Series B, 5.00%, 11/01/24 |
365 | 387,365 | ||||||
|
|
|
|||||||
| 5,591,997 | ||||||||
| Texas — 11.0% | ||||||||
|
Alamo Community College District GOL, 5.00%, 02/15/24 |
40 | 41,909 | ||||||
|
Aldine Independent School District GO, 5.00%, 02/15/24 (PSF) |
265 | 277,599 | ||||||
|
Alief Independent School District GO, 5.00%, 02/15/24 (PSF) |
155 | 162,286 | ||||||
|
Allen Independent School District GO, 5.00%, 02/15/24 (PSF) |
100 | 104,736 | ||||||
|
Arlington Independent School District/TX GO |
||||||||
|
Series A, 5.00%, 02/15/24 (PSF) |
40 | 41,938 | ||||||
|
Series B, 5.00%, 02/15/24 (PSF) |
180 | 188,461 | ||||||
|
Austin Independent School District GO |
||||||||
|
5.00%, 08/01/24 (PSF) |
145 | 152,975 | ||||||
|
Series A, 4.00%, 08/01/24 (PSF) |
125 | 129,163 | ||||||
|
Series A, 5.00%, 08/01/24 (PSF) |
55 | 58,025 | ||||||
|
Birdville Independent School District GO |
||||||||
|
5.00%, 02/15/24 (PSF) |
10 | 10,470 | ||||||
|
Series A, 5.00%, 02/15/24 (PSF) |
105 | 109,935 | ||||||
|
Board of Regents of the University of Texas System RB |
||||||||
|
Series C, 5.00%, 08/15/24 |
130 | 137,321 | ||||||
|
Series D, 5.00%, 08/15/24 |
120 | 126,758 | ||||||
|
Series E, 5.00%, 08/15/24 |
175 | 184,856 | ||||||
|
Series H, 5.00%, 08/15/24 |
260 | 274,643 | ||||||
|
Series J, 5.00%, 08/15/24 |
140 | 147,885 | ||||||
| 52 |
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 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Central Texas Turnpike System RB |
||||||||
|
Series A, 0.00%, 08/15/24 (AMBAC)(a) |
$ | 90 | $ | 84,184 | ||||
|
Series C, 5.00%, 08/15/24 |
125 | 130,480 | ||||||
|
City of Arlington TX GOL, Series A, 5.00%, 08/15/24 |
205 | 217,014 | ||||||
|
City of Arlington TX Water & Wastewater System Revenue RB, 5.00%, 06/01/24 |
700 | 737,067 | ||||||
|
City of Austin TX GOL |
||||||||
|
5.00%, 09/01/24 |
535 | 566,662 | ||||||
|
Series A, 5.00%, 09/01/24 |
230 | 243,611 | ||||||
|
City of Austin TX Water & Wastewater System Revenue RB |
||||||||
|
5.00%, 11/15/24 |
155 | 164,707 | ||||||
|
Series A, 5.00%, 05/15/24 |
155 | 162,985 | ||||||
|
Series A, 5.00%, 11/15/24 |
360 | 382,544 | ||||||
|
City of Brownsville TX GOL |
||||||||
|
5.00%, 02/15/24 |
10 | 10,458 | ||||||
|
5.00%, 02/15/24 (ETM) |
5 | 5,232 | ||||||
|
City of Dallas TX Waterworks & Sewer System Revenue RB |
||||||||
|
5.00%, 10/01/24 |
235 | 249,758 | ||||||
|
Series A, 5.00%, 10/01/24 |
230 | 244,444 | ||||||
|
Series C, 5.00%, 10/01/24 |
390 | 414,492 | ||||||
|
City of Denton TX GOL, 5.00%, 02/15/24 |
45 | 47,180 | ||||||
|
City of El Paso TX GOL, 5.00%, 08/15/24 |
135 | 142,634 | ||||||
|
City of Fort Worth TX Water & Sewer System Revenue RB, Series A, 5.00%, 02/15/24 |
265 | 277,361 | ||||||
|
City of Frisco TX GOL, 5.00%, 02/15/24 |
150 | 157,104 | ||||||
|
City of Grand Prairie TX GOL, 5.00%, 02/15/24 |
290 | 303,631 | ||||||
|
City of Houston TX Combined Utility System Revenue RB |
||||||||
|
Series B, 5.00%, 11/15/24 |
355 | 377,051 | ||||||
|
Series C, 5.00%, 05/15/24 |
460 | 483,415 | ||||||
|
Series D, 5.00%, 11/15/24 |
425 | 451,399 | ||||||
|
City of Pflugerville TX GOL, 5.00%, 08/01/24 |
60 | 63,340 | ||||||
|
City of Plano TX GOL, 5.00%, 09/01/24 |
50 | 53,029 | ||||||
|
City of San Antonio Texas Electric & Gas Systems Revenue RB, Series REF, 5.25%, 02/01/24 |
505 | 530,316 | ||||||
|
City of San Antonio TX Electric & Gas Systems Revenue RB |
||||||||
|
5.00%, 02/01/24 |
275 | 287,617 | ||||||
|
5.00%, 02/01/24 (ETM) |
155 | 162,112 | ||||||
|
City of San Antonio TX GOL |
||||||||
|
5.00%, 02/01/24 |
240 | 251,391 | ||||||
|
5.00%, 08/01/24 |
465 | 491,725 | ||||||
|
Clear Creek Independent School District GO, 5.00%, 02/15/24 (PSF) |
95 | 99,482 | ||||||
|
Comal Independent School District GO |
||||||||
|
5.00%, 02/01/24 (PSF) |
510 | 533,311 | ||||||
|
Series B, 5.00%, 02/01/24 (PSF) |
110 | 115,028 | ||||||
|
Conroe Independent School District GO, 5.00%, 02/15/24 (PSF) |
105 | 109,898 | ||||||
|
County of Bexar TX GOL, 5.00%, 06/15/24 |
250 | 263,462 | ||||||
|
County of Collin TX GOL, 5.00%, 02/15/24 |
105 | 109,992 | ||||||
|
County of Denton TX GOL, 5.00%, 07/15/24 |
105 | 110,856 | ||||||
|
County of Travis TX GOL, 5.00%, 03/01/24 |
205 | 214,937 | ||||||
|
Crowley Independent School District GO, Series A, 5.00%, 08/01/24 (PSF) |
80 | 84,490 | ||||||
|
Cypress-Fairbanks Independent School District GO |
||||||||
|
5.00%, 02/15/24 (PSF) |
365 | 382,156 | ||||||
|
Series A, 5.00%, 02/15/24 (PSF) |
105 | 109,935 | ||||||
|
Series C, 5.00%, 02/15/24 (PSF) |
75 | 78,525 | ||||||
|
Dallas Area Rapid Transit RB |
||||||||
|
5.00%, 11/01/24 |
200 | 211,458 | ||||||
|
5.00%, 12/01/24 |
760 | 807,943 | ||||||
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Series A, 5.00%, 12/01/24 |
$ | 575 | $ | 611,273 | ||||
|
Denton Independent School District GO, 0.00%, 08/15/24 (PSF)(a) |
200 | 188,798 | ||||||
|
Fort Bend Independent School District GO |
||||||||
|
Series A, 5.00%, 08/15/24 (PSF) |
300 | 317,239 | ||||||
|
Series C, 5.00%, 02/15/24 (PSF) |
25 | 26,193 | ||||||
|
Series C, 5.00%, 08/15/24 (PSF) |
105 | 111,033 | ||||||
|
Fort Worth Independent School District GO, 5.00%, 02/15/24 (PSF) |
400 | 419,016 | ||||||
|
Frisco Independent School District GO, 5.00%, 08/15/24 (PSF) |
320 | 338,754 | ||||||
|
Garland Independent School District GO, Series A, 5.00%, 02/15/24 (PSF) |
300 | 314,101 | ||||||
|
Grapevine-Colleyville Independent School District GO, 0.00%, 08/15/24 (PSF)(a) |
150 | 142,056 | ||||||
|
Harris County Toll Road Authority (The) RB, Series A, 5.00%, 08/15/24 |
190 | 201,005 | ||||||
|
Katy Independent School District GO, Series D, 5.00%, 02/15/24 (PSF) |
125 | 130,808 | ||||||
|
Keller Independent School District/TX GO |
||||||||
|
Series A, 5.00%, 02/15/24 (PSF) |
160 | 167,492 | ||||||
|
Series A, 5.00%, 08/15/24 (PSF) |
170 | 180,158 | ||||||
|
Klein Independent School District GO |
||||||||
|
5.00%, 08/01/24 (PSF) |
65 | 68,824 | ||||||
|
Series A, 5.00%, 08/01/24 (PSF) |
370 | 391,766 | ||||||
|
Lamar Consolidated Independent School District GO |
||||||||
|
5.00%, 02/15/24 (PSF) |
120 | 125,533 | ||||||
|
Series A, 2.00%, 02/15/24 (PSF) |
50 | 49,555 | ||||||
|
Laredo Independent School District GO, 0.00%, 08/01/24 (PSF)(a) |
150 | 142,197 | ||||||
|
Leander Independent School District GO |
||||||||
|
Series C, 0.00%, 08/15/37 (PR 08/15/24)(a) |
700 | 337,606 | ||||||
|
Series D, 0.00%, 08/15/24 (PSF)(a) |
125 | 117,450 | ||||||
|
Lewisville Independent School District GO |
||||||||
|
5.00%, 08/15/24 |
400 | 423,351 | ||||||
|
5.00%, 08/15/24 (PSF) |
260 | 275,119 | ||||||
|
Lone Star College System GOL |
||||||||
|
5.00%, 09/15/24 |
185 | 196,246 | ||||||
|
Series A, 5.00%, 02/15/24 |
95 | 99,516 | ||||||
|
Series A, 5.00%, 08/15/24 |
135 | 142,943 | ||||||
|
Series B, 5.00%, 02/15/24 |
235 | 246,172 | ||||||
|
Lower Colorado River Authority RB |
||||||||
|
5.00%, 05/15/24 |
305 | 319,843 | ||||||
|
Series B, 5.00%, 05/15/24 |
160 | 167,786 | ||||||
|
Metropolitan Transit Authority of Harris County RB |
||||||||
|
Series A, 5.00%, 11/01/24 |
175 | 185,811 | ||||||
|
Series B, 5.00%, 11/01/24 |
125 | 132,722 | ||||||
|
Series D, 5.00%, 11/01/24 |
285 | 302,606 | ||||||
|
North East Independent School District/TX GO |
||||||||
|
5.00%, 08/01/24 (PSF) |
515 | 544,716 | ||||||
|
5.25%, 02/01/24 (PSF) |
300 | 315,409 | ||||||
|
North Texas Municipal Water District RB |
||||||||
|
5.00%, 06/01/24 |
135 | 142,261 | ||||||
|
5.50%, 06/01/24 |
50 | 53,204 | ||||||
|
North Texas Municipal Water District Water System Revenue RB, 5.00%, 09/01/24 |
275 | 291,467 | ||||||
|
North Texas Tollway Authority RB |
||||||||
|
5.00%, 01/01/24 |
110 | 114,675 | ||||||
|
Series A, 5.00%, 01/01/24 |
245 | 255,412 | ||||||
|
Series B, 5.00%, 01/01/24 |
80 | 83,320 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
53 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Series S, 5.00%, 01/01/24 (ETM) |
$ | 75 | $ | 78,375 | ||||
|
Northside Independent School District GO |
||||||||
|
5.00%, 08/01/24 (PSF) |
275 | 291,302 | ||||||
|
5.00%, 08/15/24 (PSF) |
200 | 212,043 | ||||||
|
Series A, 5.00%, 08/15/24 (PSF) |
165 | 174,935 | ||||||
|
Northwest Independent School District GO, Series A, 5.00%, 02/15/24 (PSF) |
95 | 99,346 | ||||||
|
Pasadena Independent School District GO, 5.00%, 02/15/24 (PSF) |
150 | 156,997 | ||||||
|
Permanent University Fund - University of Texas System RB |
||||||||
|
Series A, 5.00%, 07/01/24 |
110 | 116,156 | ||||||
|
Series B, 5.00%, 07/01/24 |
325 | 343,188 | ||||||
|
Pflugerville Independent School District GO, 5.00%, 02/15/24 (PSF) |
250 | 262,064 | ||||||
|
Rockwall Independent School District GO, Series A, 0.00%, 02/15/24 (PSF)(a) |
35 | 33,594 | ||||||
|
Round Rock Independent School District GO, 5.00%, 08/01/24 (PSF) |
165 | 174,483 | ||||||
|
San Antonio Independent School District/TX GO, 5.00%, 02/15/24 (PSF) |
405 | 424,109 | ||||||
|
San Antonio Water System RB |
||||||||
|
Series A, 5.00%, 05/15/24 |
565 | 594,105 | ||||||
|
Series B, 5.00%, 05/15/24 |
120 | 126,182 | ||||||
|
Spring Branch Independent School District GO, 5.00%, 02/01/24 (PSF) |
370 | 387,236 | ||||||
|
Spring Independent School District GO, 5.00%, 08/15/24 (PSF) |
580 | 614,125 | ||||||
|
State of Texas GO |
||||||||
|
5.00%, 04/01/24 |
295 | 309,795 | ||||||
|
Series A, 5.00%, (PR 10/01/24) |
1,000 | 1,061,589 | ||||||
|
Series A, 5.00%, 10/01/24 |
820 | 870,503 | ||||||
|
Series B-1, 5.00%, 08/01/24 |
80 | 84,616 | ||||||
|
Series D, 5.00%, 05/15/24 |
425 | 447,413 | ||||||
|
Tarrant Regional Water District RB, Series A, 5.00%, 03/01/24 |
250 | 262,211 | ||||||
|
Texas A&M University RB |
||||||||
|
Series C, 5.00%, 05/15/24 |
485 | 510,082 | ||||||
|
Series E, 4.00%, 05/15/24 |
25 | 25,800 | ||||||
|
Series E, 5.00%, 05/15/24 |
315 | 331,291 | ||||||
|
Texas Public Finance Authority RB, 5.00%, 02/01/24 |
210 | 219,635 | ||||||
|
Texas State University System RB, Series A, 5.00%, 03/15/24 |
335 | 351,375 | ||||||
|
Texas Transportation Commission State Highway Fund RB |
||||||||
|
First Series, 5.00%, 10/01/24 |
475 | 503,680 | ||||||
|
Series A, 5.00%, 04/01/24 |
865 | 909,213 | ||||||
|
Series A, 5.00%, 10/01/24 |
145 | 153,755 | ||||||
|
Texas Water Development Board RB |
||||||||
|
5.00%, 04/15/24 |
405 | 425,701 | ||||||
|
5.00%, 08/01/24 |
390 | 412,064 | ||||||
|
Series A, 5.00%, 10/15/24 |
195 | 206,946 | ||||||
|
Series B, 5.00%, 04/15/24 |
50 | 52,556 | ||||||
|
Series B, 5.00%, 10/15/24 |
110 | 116,739 | ||||||
|
Tyler Independent School District GO, 5.00%, 02/15/24 (PSF) |
30 | 31,415 | ||||||
|
United Independent School District/TX GO, 5.00%, 08/15/24 (PSF) |
20 | 21,172 | ||||||
|
University of Houston RB, Series A, 5.00%, 02/15/24 |
400 | 418,945 | ||||||
|
University of North Texas System RB, Series A, 5.00%, 04/15/24 |
465 | 488,132 | ||||||
|
Ysleta Independent School District GO, 5.00%, 08/15/24 (PSF) |
125 | 132,297 | ||||||
|
|
|
|||||||
| 34,181,977 | ||||||||
| Security | Par (000) |
Value | ||||||
|
Utah — 0.8% |
||||||||
|
City of Ogden City UT Sewer & Water Revenue RB, 5.00%, 06/15/24 |
$ | 90 | $ | 94,827 | ||||
|
Metropolitan Water District of Salt Lake & Sandy RB, Series A, 5.00%, 07/01/24 |
85 | 89,738 | ||||||
|
Nebo School District GO, Series C, 4.00%, 07/01/24 (GTD) |
100 | 103,480 | ||||||
|
State of Utah GO |
||||||||
|
5.00%, 07/01/24 |
450 | 476,162 | ||||||
|
Series B, 5.00%, 07/01/24 |
270 | 285,697 | ||||||
|
University of Utah (The) RB |
||||||||
|
Series A, 5.00%, 08/01/24 |
320 | 338,104 | ||||||
|
Series A, 5.00%, 08/01/24 (SAP) |
350 | 369,801 | ||||||
|
Series A-1, 5.00%, 08/01/24 |
100 | 105,657 | ||||||
|
Series B, 5.00%, 08/01/24 |
120 | 126,789 | ||||||
|
Utah State Building Ownership Authority RB, 5.00%, 05/15/24 |
175 | 184,050 | ||||||
|
Utah Transit Authority RB, Series A, 5.00%, 06/15/24 |
390 | 411,332 | ||||||
|
|
|
|||||||
| 2,585,637 | ||||||||
|
Vermont — 0.4% |
||||||||
|
State of Vermont GO |
||||||||
|
5.00%, 08/15/24 |
1,000 | 1,059,754 | ||||||
|
Series A, 5.00%, 02/15/24 |
165 | 172,963 | ||||||
|
|
|
|||||||
| 1,232,717 | ||||||||
|
Virginia — 4.5% |
||||||||
|
City of Alexandria VA GO |
||||||||
|
Series A, 5.00%, 07/15/24 (SAW) |
105 | 111,065 | ||||||
|
Series C, 5.00%, 07/01/24 (SAW) |
435 | 459,722 | ||||||
|
Series C, 5.00%, 07/15/24 (SAW) |
100 | 105,776 | ||||||
|
City of Chesapeake VA GO, Series C, 5.00%, 12/01/24 |
250 | 266,352 | ||||||
|
City of Hampton VA GO, Series A, 5.00%, 09/01/24 |
355 | 376,258 | ||||||
|
City of Newport News VA GO, Series A, 5.00%, 08/01/24 |
100 | 105,883 | ||||||
|
City of Norfolk VA GO |
||||||||
|
Series A, 5.00%, 09/01/35 (PR 09/01/24) (SAW) |
150 | 158,947 | ||||||
|
Series A, 5.00%, 09/01/37 (PR 09/01/24) (SAW) |
600 | 635,788 | ||||||
|
City of Norfolk VA Water Revenue RB, 5.00%, 11/01/24 |
230 | 244,266 | ||||||
|
City of Richmond VA GO |
||||||||
|
Series B, 5.00%, 07/15/24 |
205 | 216,750 | ||||||
|
Series B, 5.00%, 07/15/24 (SAW) |
240 | 253,757 | ||||||
|
City of Virginia Beach VA GO, Series B, 5.00%, 09/15/24 (SAW) |
665 | 705,265 | ||||||
|
Commonwealth of Virginia GO |
||||||||
|
Series B, 5.00%, 06/01/24 |
50 | 52,658 | ||||||
|
Series B, 5.00%, 06/01/24 (SAW) |
100 | 105,316 | ||||||
|
County of Arlington VA GO |
||||||||
|
5.00%, 08/15/24 |
125 | 132,383 | ||||||
|
Series A, 5.00%, 08/15/24 |
50 | 52,953 | ||||||
|
County of Fairfax VA GO |
||||||||
|
Series A, 4.00%, 10/01/24 (SAW) |
250 | 259,333 | ||||||
|
Series A, 5.00%, 10/01/24 (SAW) |
525 | 557,461 | ||||||
|
Series B, 5.00%, 04/01/24 (SAW) |
500 | 525,557 | ||||||
|
Series B, 5.00%, 10/01/24 (SAW) |
120 | 127,391 | ||||||
|
County of Henrico VA GO |
||||||||
|
5.00%, 08/01/24 (SAW) |
50 | 52,862 | ||||||
|
Series A, 5.00%, 08/01/24 |
100 | 105,725 | ||||||
|
Series A, 5.00%, 08/01/24 (SAW) |
245 | 259,026 | ||||||
|
Series B, 5.00%, 08/01/24 (SAW) |
205 | 216,736 | ||||||
|
Fairfax County Industrial Development Authority RB, 5.00%, 05/15/24 |
500 | 525,451 | ||||||
|
Fairfax County Water Authority RB, 5.00%, 04/01/24 |
75 | 78,805 | ||||||
| 54 |
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 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Virginia (continued) |
||||||||
|
Hampton Roads Sanitation District RB |
||||||||
|
Series A, 5.00%, 07/01/24 |
$ | 165 | $ | 174,377 | ||||
|
Series A, 5.00%, 08/01/24 |
95 | 100,589 | ||||||
|
Virginia College Building Authority RB |
||||||||
|
5.00%, 02/01/24 |
100 | 104,676 | ||||||
|
Series A, 3.00%, 09/01/24 |
115 | 116,550 | ||||||
|
Series A, 4.00%, (PR 02/01/24) |
250 | 257,438 | ||||||
|
Series A, 5.00%, 09/01/24 |
570 | 603,334 | ||||||
|
Series A, 5.00%, 09/01/24 (SAW) |
50 | 52,924 | ||||||
|
Series B, 5.00%, 09/01/24 |
100 | 105,848 | ||||||
|
Series D, 5.00%, 02/01/24 (NPFGC) |
215 | 225,053 | ||||||
|
Series E-1, 5.00%, 02/01/24 |
280 | 293,092 | ||||||
|
Virginia Commonwealth Transportation Board RB |
||||||||
|
5.00%, 03/15/24 |
145 | 152,251 | ||||||
|
5.00%, 05/15/24 |
180 | 189,640 | ||||||
|
5.00%, 09/15/24 |
500 | 529,563 | ||||||
|
Series A, 5.00%, 05/15/24 |
1,000 | 1,053,553 | ||||||
|
Series C, 5.00%, 05/15/24 |
170 | 179,104 | ||||||
|
Virginia Public Building Authority RB |
||||||||
|
Series A, 5.00%, 08/01/24 |
995 | 1,050,396 | ||||||
|
Series C, 5.00%, 08/01/24 |
160 | 168,908 | ||||||
|
Virginia Public School Authority RB |
||||||||
|
5.00%, 02/01/24 |
75 | 78,520 | ||||||
|
5.00%, 08/01/24 (SAW) |
215 | 227,393 | ||||||
|
Series B, 5.00%, 08/01/24 |
120 | 126,816 | ||||||
|
Series B, 5.00%, 08/01/24 (SAW) |
315 | 332,892 | ||||||
|
Series C, 5.00%, 08/01/24 (SAW) |
275 | 290,620 | ||||||
|
Virginia Resources Authority RB |
||||||||
|
5.00%, |
15 | 15,934 | ||||||
|
5.00%, 11/01/24 |
190 | 201,999 | ||||||
|
5.00%, 11/01/24 (MORAL OBLG) |
105 | 111,723 | ||||||
|
Series A, 5.00%, 11/01/24 |
275 | 292,331 | ||||||
|
Series D, 5.00%, 11/01/24 |
145 | 154,139 | ||||||
|
|
|
|||||||
| 13,881,149 | ||||||||
| Washington — 5.7% | ||||||||
|
Cascade Water Alliance RB, 5.00%, 01/01/24 |
90 | 94,080 | ||||||
|
Central Puget Sound Regional Transit Authority RB, Series S-1, 5.00%, 11/01/24 |
755 | 802,961 | ||||||
|
City of Bellevue WA GOL, 5.00%, 12/01/24 |
200 | 213,340 | ||||||
|
City of Marysville WA Water & Sewer Revenue RB, 5.00%, 04/01/24 |
40 | 41,968 | ||||||
|
City of Seattle WA Drainage & Wastewater Revenue RB, 5.00%, 04/01/24 |
425 | 446,723 | ||||||
|
City of Seattle WA GO, 5.00%, 12/01/24 |
115 | 122,671 | ||||||
|
City of Seattle WA GOL |
||||||||
|
4.00%, 05/01/24 |
45 | 46,504 | ||||||
|
Series A, 5.00%, 06/01/24 |
100 | 105,483 | ||||||
|
City of Seattle WA Municipal Light & Power Revenue RB |
||||||||
|
5.00%, 09/01/24 |
220 | 232,968 | ||||||
|
Series B, 5.00%, 04/01/24 |
100 | 105,111 | ||||||
|
Series C, 5.00%, 09/01/24 |
355 | 375,926 | ||||||
|
Series C, 5.00%, 10/01/24 |
125 | 132,608 | ||||||
|
City of Seattle WA Water System Revenue RB, 5.00%, 08/01/24 |
205 | 216,829 | ||||||
|
Clark & Skamania Counties School District No. 112-6 Washougal GO, 5.00%, 12/01/24 (GTD) |
25 | 26,635 | ||||||
|
Clark County Public Utility District No. 1 RB, 5.00%, 01/01/24 |
115 | 120,079 | ||||||
|
Clark County School District No. 37 Vancouver GO, Series C, 5.00%, 12/01/24 (GTD) |
100 | 106,541 | ||||||
|
County of King WA GO, 5.00%, 07/01/24 |
110 | 116,132 | ||||||
| Security | Par (000) |
Value | ||||||
|
Washington (continued) |
||||||||
|
County of King WA GOL |
||||||||
|
5.00%, 06/01/24 |
$ | 570 | $ | 600,659 | ||||
|
5.00%, 07/01/24 |
125 | 131,968 | ||||||
|
Series C, 5.00%, 12/01/24 |
55 | 58,597 | ||||||
|
Series E, 5.00%, 06/01/24 |
125 | 131,723 | ||||||
|
Series E, 5.00%, 12/01/24 |
45 | 47,943 | ||||||
|
County of King WA Sewer Revenue RB, Series B, 5.00%, 07/01/24 |
845 | 891,189 | ||||||
|
County of Pierce WA GO, Series A, 5.00%, 08/01/24 |
160 | 169,052 | ||||||
|
Energy Northwest RB |
||||||||
|
5.00%, 07/01/24 |
395 | 416,934 | ||||||
|
Series A, 4.00%, 07/01/24 |
275 | 284,511 | ||||||
|
Series A, 5.00%, 07/01/24 |
845 | 891,923 | ||||||
|
King County Rural Library District GO, 4.00%, 12/01/24 |
110 | 114,124 | ||||||
|
King County School District No. 210 Federal Way GO, 4.00%, 12/01/24 (GTD) |
80 | 83,244 | ||||||
|
King County School District No. 403 Renton GO, 4.00%, 12/01/24 (GTD) |
125 | 130,068 | ||||||
|
King County School District No. 405 Bellevue GO, 5.00%, 12/01/24 (GTD) |
185 | 197,196 | ||||||
|
King County School District No. 411 Issaquah GO, 5.00%, 12/01/24 (GTD) |
175 | 186,537 | ||||||
|
King County School District No. 414 Lake Washington GO, 5.00%, 12/01/24 (GTD) |
105 | 111,922 | ||||||
|
Pierce County School District No. 10 Tacoma GO, 5.00%, 12/01/24 (GTD) |
350 | 372,892 | ||||||
|
Pierce County School District No. 320 Sumner GO, 5.00%, 12/01/24 (GTD) |
75 | 79,906 | ||||||
|
Pierce County School District No. 83 University Place GO, 5.00%, 12/01/24 (GTD) |
100 | 106,541 | ||||||
|
Port of Seattle WA GOL, 5.00%, 06/01/24 |
400 | 421,515 | ||||||
|
Port of Seattle WA RB, Series B, 5.00%, 03/01/24 |
160 | 167,697 | ||||||
|
Port of Tacoma WA RB, Series A, 5.00%, 12/01/24 |
85 | 90,340 | ||||||
|
Snohomish County School District No. 103 Monroe GO, 5.00%, 12/01/24 (GTD) |
215 | 229,063 | ||||||
|
Snohomish County School District No. 201 Snohomish GO, 5.00%, 12/01/24 (GTD) |
150 | 159,811 | ||||||
|
Snohomish County School District No. 4 Lake Stevens GO, 5.00%, 12/01/24 (GTD) |
100 | 106,541 | ||||||
|
Snohomish County School District No. 6 Mukilteo GO, 5.00%, 12/01/24 (GTD) |
85 | 90,560 | ||||||
|
Spokane & Whitman Counties School District No. 360 Cheney GO, 5.00%, 12/01/24 (GTD) |
150 | 159,811 | ||||||
|
Spokane County School District No. 356 Central Valley GO, 5.00%, 12/01/24 (GTD) |
255 | 271,679 | ||||||
|
State of Washington COP |
||||||||
|
Series A, 5.00%, 07/01/24 |
120 | 126,170 | ||||||
|
Series B, 5.00%, 07/01/24 |
385 | 404,796 | ||||||
|
State of Washington GO |
||||||||
|
Series 2016A, 5.00%, 07/01/24 |
105 | 110,899 | ||||||
|
Series A-1, 5.00%, 08/01/24 |
135 | 142,850 | ||||||
|
Series B, 5.00%, 07/01/24 |
950 | 1,003,372 | ||||||
|
Series C, 0.00%, 06/01/24 (AMBAC)(a) |
100 | 94,751 | ||||||
|
Series C, 0.00%, 06/01/24 (NPFGC)(a) |
25 | 23,688 | ||||||
|
Series C, 5.00%, 02/01/24 |
685 | 717,150 | ||||||
|
Series D, 5.00%, 02/01/24 |
140 | 146,571 | ||||||
|
Series E, 0.00%, 12/01/24(a) |
60 | 56,065 | ||||||
|
Series E, 5.00%, 06/01/24 |
1,000 | 1,054,204 | ||||||
|
Series R-2015C, 5.00%, 07/01/24 |
45 | 47,528 | ||||||
|
Series R-2015E, 5.00%, 07/01/24 |
100 | 105,618 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
55 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2024 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par |
Value | ||||||
|
Washington (continued) |
||||||||
|
Series R-2018C, 5.00%, 08/01/24 |
$ | 625 | $ | 661,344 | ||||
|
Series R-2018D, 5.00%, 08/01/24 |
100 | 105,815 | ||||||
|
Series R-2020A, 5.00%, 01/01/24 |
800 | 836,136 | ||||||
|
Series R-F, 5.00%, 07/01/24 |
100 | 105,618 | ||||||
|
Tacoma Metropolitan Park District GO, 5.00%, 12/01/24 |
375 | 399,528 | ||||||
|
University of Washington RB |
||||||||
|
5.00%, 04/01/24 |
575 | 604,390 | ||||||
|
Series C, 5.00%, 12/01/24 |
110 | 116,911 | ||||||
|
Serise A, 5.00%, 12/01/24 |
295 | 313,534 | ||||||
|
Washington State University RB |
||||||||
|
5.00%, 04/01/24 |
270 | 282,765 | ||||||
|
5.00%, 10/01/24 |
180 | 190,434 | ||||||
|
Whatcom County School District No. 503 Blaine GO, 5.00%, 12/01/24 (GTD) |
25 | 26,635 | ||||||
|
|
|
|||||||
| 17,687,277 | ||||||||
| West Virginia — 0.7% | ||||||||
|
State of West Virginia GO |
||||||||
|
5.00%, 06/01/24 |
75 | 79,034 | ||||||
|
Series A, 0.00%, 11/01/24 (NPFGC)(a) |
140 | 131,644 | ||||||
|
Series A, 5.00%, 06/01/24 |
470 | 495,280 | ||||||
|
Series A, 5.00%, 12/01/24 |
25 | 26,635 | ||||||
|
Series B, 5.00%, 06/01/24 |
40 | 42,151 | ||||||
|
West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/24 |
640 | 677,129 | ||||||
|
West Virginia State School Building Authority Lottery Revenue RB, Series A, 5.00%, 07/01/24 |
320 | 337,284 | ||||||
|
West Virginia Water Development Authority RB, Series A, 5.00%, 07/01/24 |
265 | 279,543 | ||||||
|
|
|
|||||||
| 2,068,700 | ||||||||
| Wisconsin — 1.5% | ||||||||
|
City of Madison WI GO, Series A, 4.00%, 10/01/24 |
200 | 207,419 | ||||||
|
Milwaukee County Metropolitan Sewer District GO, Series A, 5.00%, 10/01/24 |
35 | 37,189 | ||||||
|
State of Wisconsin Clean Water Fund Leveraged Loan Portfolio RB |
||||||||
|
5.00%, (PR 06/01/24) |
60 | 63,165 | ||||||
|
Series 1, 5.00%, |
85 | 89,483 | ||||||
|
State of Wisconsin Environmental Improvement Fund Revenue RB |
||||||||
|
Series A, 5.00%, 06/01/24 |
240 | 253,009 | ||||||
|
Serise A, 5.00%, 06/01/24 |
325 | 342,616 | ||||||
| Security | Par/ Shares (000) |
Value | ||||||
|
Wisconsin (continued) |
||||||||
|
State of Wisconsin GO |
||||||||
|
Series 1, 5.00%, 11/01/24 |
$ | 120 | $ | 127,533 | ||||
|
Series 2, 5.00%, 11/01/24 |
870 | 924,613 | ||||||
|
Series A, 5.00%, 05/01/24 |
450 | 473,318 | ||||||
|
Series C, 5.00%, 05/01/24 |
150 | 157,773 | ||||||
|
State of Wisconsin RB |
||||||||
|
Series A, 5.00%, 05/01/24 |
625 | 656,761 | ||||||
|
Series B, 5.00%, 05/01/24 |
140 | 147,114 | ||||||
|
Wisconsin Department of Transportation RB |
||||||||
|
Series 1, 5.00%, (Put 07/01/24) |
200 | 211,149 | ||||||
|
Series 1, 5.00%, 07/01/24 |
60 | 63,371 | ||||||
|
Series 2, 5.00%, 07/01/24 |
905 | 955,844 | ||||||
|
Series A, 5.00%, 07/01/24 |
95 | 100,337 | ||||||
|
|
|
|||||||
| 4,810,694 | ||||||||
|
|
|
|||||||
|
Total
Municipal Debt Obligations — 98.3% |
306,152,164 | |||||||
|
|
|
|||||||
|
Short-Term Investments |
||||||||
|
Money Market Funds — 0.7% |
||||||||
|
BlackRock Liquidity Funds: MuniCash, 0.25%(c)(d) |
2,090 | 2,089,789 | ||||||
|
|
|
|||||||
|
Total
Short-Term Investments — 0.7% |
2,089,789 | |||||||
|
|
|
|||||||
|
Total
Investments in Securities — 99.0% |
308,241,953 | |||||||
|
Other Assets, Less Liabilities — 1.0% |
2,992,921 | |||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 311,234,874 | ||||||
|
|
|
|||||||
| (a) |
Zero-coupon bond. |
| (b) |
Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. |
| (c) |
Affiliate of the Fund. |
| (d) |
Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 04/30/22 |
Shares Held at 04/30/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Liquidity Funds: MuniCash |
$ | 935,081 | $ | 1,154,994 | (a) | $ | — | $ | (345 | ) | $ | 59 | $ | 2,089,789 | 2,090 | $ | 917 | $ | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
| 56 |
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 2024 Term Muni Bond ETF |
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
|
||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
|
||||||||||||||||
|
Investments |
||||||||||||||||
|
Assets |
||||||||||||||||
|
Municipal Debt Obligations |
$ | — | $ | 306,152,164 | $ | — | $ | 306,152,164 | ||||||||
|
Money Market Funds |
2,089,789 | — | — | 2,089,789 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 2,089,789 | $ | 306,152,164 | $ | — | $ | 308,241,953 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
|
S C H E D U L E O F I N V E S T M E N T S |
57 |
|
Schedule of Investments (unaudited) April 30, 2022 |
iShares® iBonds® Dec 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Municipal Debt Obligations |
||||||||
| Alabama — 0.6% | ||||||||
|
Alabama Federal Aid Highway Finance Authority RB, Series H, 5.00%, 09/01/25 |
$ | 380 | $ | 410,610 | ||||
|
Alabama Public School & College Authority RB, Series B, 5.00%, 05/01/25 |
360 | 386,361 | ||||||
|
City of Huntsville AL GOL |
||||||||
|
5.00%, 05/01/25 |
165 | 177,231 | ||||||
|
Series E, 5.00%, 11/01/25 |
115 | 124,804 | ||||||
|
University of Alabama (The) RB, Series B, 5.00%, 07/01/25 |
120 | 129,075 | ||||||
|
|
|
|||||||
| 1,228,081 | ||||||||
| Alaska — 0.2% | ||||||||
|
City of Anchorage AK Water Revenue RB, Series B, 5.00%, 05/01/25 |
85 | 90,970 | ||||||
|
Municipality of Anchorage AK GO |
||||||||
|
Series C, 5.00%, 09/01/25 |
65 | 70,128 | ||||||
|
Series D, 5.00%, 09/01/25 |
30 | 32,367 | ||||||
|
State of Alaska GO, Series B, 5.00%, 08/01/25 |
160 | 172,699 | ||||||
|
|
|
|||||||
| 366,164 | ||||||||
| Arizona — 2.7% | ||||||||
|
Arizona Health Facilities Authority RB, 5.00%, 01/01/25 |
250 | 264,431 | ||||||
|
Arizona State University RB |
||||||||
|
Series A, 5.00%, 07/01/25 |
220 | 236,777 | ||||||
|
Series B, 5.00%, 07/01/25 |
100 | 107,626 | ||||||
|
Arizona Transportation Board RB, Series A, 5.00%, 07/01/25 |
285 | 306,464 | ||||||
|
City of Phoenix AZ GO, 5.00%, 07/01/25 |
470 | 506,288 | ||||||
|
City of Phoenix Civic Improvement Corp. RB 5.00%, 07/01/25 |
815 | 875,318 | ||||||
|
Series A, 5.00%, 07/01/25 |
615 | 661,318 | ||||||
|
Series D, 5.00%, 07/01/25 |
245 | 261,603 | ||||||
|
County of Pima AZ GOL, 4.00%, 07/01/25 |
120 | 125,786 | ||||||
|
County of Pima AZ Sewer System Revenue RB, 5.00%, 07/01/25 |
230 | 247,322 | ||||||
|
Maricopa County Community College District GO, 5.00%, 07/01/25 |
330 | 354,958 | ||||||
|
Maricopa County High School District No. 210-Phoenix GO, 5.00%, 07/01/25 |
135 | 145,381 | ||||||
|
Maricopa County Unified School District No. 48 Scottsdale GO, Series A, 5.00%, 07/01/25 |
15 | 16,187 | ||||||
|
Maricopa County Unified School District No. 69 Paradise Valley GO, 5.00%, 07/01/25 |
115 | 123,843 | ||||||
|
Salt River Project Agricultural Improvement & Power District RB |
||||||||
|
5.00%, 01/01/25 |
160 | 170,551 | ||||||
|
Series A, 5.00%, 01/01/25 |
660 | 703,526 | ||||||
|
State of Arizona Lottery Revenue RB, 5.00%, 07/01/25 |
200 | 215,379 | ||||||
|
University of Arizona (The) RB, 4.00%, 06/01/25 |
130 | 135,534 | ||||||
|
|
|
|||||||
| 5,458,292 | ||||||||
| California — 14.5% | ||||||||
|
Bay Area Toll Authority RB, 5.00%, 04/01/25 |
200 | 214,340 | ||||||
|
Beverly Hills Unified School District CA GO, 0.00%, 08/01/25(a) |
50 | 45,746 | ||||||
|
California Educational Facilities Authority RB, Series A, 5.00%, 10/01/25 |
65 | 70,532 | ||||||
|
California Infrastructure & Economic Development Bank RB |
||||||||
|
4.00%, 08/01/25 |
200 | 208,529 | ||||||
|
5.00%, 10/01/25 |
205 | 222,308 | ||||||
|
California State Public Works Board RB |
||||||||
|
4.00%, 10/01/25 |
100 | 104,585 | ||||||
|
5.00%, 09/01/25 |
220 | 236,845 | ||||||
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
5.00%, 11/01/25 |
$ | 250 | $ | 270,006 | ||||
|
5.00%, 12/01/25 |
280 | 302,877 | ||||||
|
Series A, 5.00%, 06/01/25 |
50 | 53,569 | ||||||
|
Series B, 5.00%, 04/01/25 |
25 | 26,698 | ||||||
|
Series B, 5.00%, 10/01/25 |
75 | 80,872 | ||||||
|
Series C, 5.00%, 11/01/25 |
60 | 64,802 | ||||||
|
Series D, 5.00%, 04/01/25 |
200 | 213,584 | ||||||
|
Series D, 5.00%, 06/01/25 |
100 | 107,137 | ||||||
|
California State University RB |
||||||||
|
5.00%, 11/01/25 |
125 | 135,351 | ||||||
|
Series A, 4.00%, 11/01/25 |
80 | 83,937 | ||||||
|
Series A, 5.00%, 11/01/25 |
700 | 757,967 | ||||||
|
Campbell Union High School District GO, Series B, 5.00%, 08/01/25 |
100 | 108,067 | ||||||
|
Carmel Unified School District Go, 4.00%, 08/01/25 |
100 | 104,933 | ||||||
|
City & County of San Francisco CA GO, Series R1, 5.00%, 06/15/25 |
500 | 538,424 | ||||||
|
City of Los Angeles CA GO, 5.00%, 09/01/25 |
165 | 178,017 | ||||||
|
City of Los Angeles CA Wastewater System Revenue RB |
||||||||
|
5.00%, 06/01/25 |
200 | 214,889 | ||||||
|
Series B, 5.00%, 06/01/25 |
235 | 252,495 | ||||||
|
City of Los Angeles Department of Airports RB |
||||||||
|
5.00%, 05/15/25 |
120 | 128,164 | ||||||
|
Series B, 5.00%, 05/15/25 |
110 | 117,484 | ||||||
|
Series C, 5.00%, 05/15/25 |
140 | 149,525 | ||||||
|
City of Redding CA Electric System Revenue RB, 5.00%, 06/01/25 |
100 | 107,352 | ||||||
|
City of San Francisco CA Public Utilities Commission Water Revenue RB, 5.00%, 11/01/25 |
505 | 546,643 | ||||||
|
Coast Community College District GO, 5.00%, 08/01/25 |
50 | 53,855 | ||||||
|
Contra Costa Transportation Authority RB, Series A, 5.00%, 03/01/25 |
160 | 171,271 | ||||||
|
County of Monterey CA COP, 5.00%, 10/01/25 |
260 | 280,976 | ||||||
|
East Bay Municipal Utility District Water System Revenue RB |
||||||||
|
Series A, 4.00%, 06/01/25 |
230 | 240,835 | ||||||
|
Series B, 5.00%, 06/01/25 |
285 | 306,920 | ||||||
|
Eastern Municipal Water District RB, Series A, 5.00%, 07/01/25 |
55 | 59,142 | ||||||
|
El Camino Community College District Foundation (The) GO, Series-C, 0.00%, 08/01/25(a) |
300 | 273,513 | ||||||
|
El Camino Community College District Foundation/The, 5.00%, 08/01/25 |
15 | 16,161 | ||||||
|
Escondido Union High School District GO, Series A, 0.00%, 08/01/25 (AGC)(a) |
60 | 54,598 | ||||||
|
Foothill-De Anza Community College District GO, Series B, 0.00%, 08/01/25 (NPFGC)(a) |
135 | 123,713 | ||||||
|
Hillsborough City School District RB, 0.00%, 09/01/25(a) |
250 | 229,008 | ||||||
|
Imperial Irrigation District Electric System Revenue RB, 5.00%, 11/01/25 |
125 | 135,308 | ||||||
|
Long Beach Unified School District GO, 5.00%, 08/01/25 |
175 | 188,493 | ||||||
|
Los Angeles Community College District/CA GO |
||||||||
|
4.00%, 08/01/25 |
80 | 83,946 | ||||||
|
Series C, 5.00%, 08/01/25 |
270 | 291,782 | ||||||
|
Los Angeles County Metropolitan Transportation Authority RB |
||||||||
|
5.00%, 07/01/25 |
485 | 522,863 | ||||||
|
Series A, 5.00%, 06/01/25 |
475 | 511,182 | ||||||
|
Series A, 5.00%, 07/01/25 |
110 | 118,667 | ||||||
|
Los Angeles County Sanitation Districts Financing Authority RB, 5.00%, 10/01/25 |
300 | 324,203 | ||||||
| 58 |
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 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Los Angeles Department of Water & Power Power System Revenue RB, 5.00%, 07/01/25 |
$ | 140 | $ | 150,765 | ||||
|
Los Angeles Department of Water & Power RB, Series A, 5.00%, 07/01/25 |
105 | 113,074 | ||||||
|
Los Angeles Department of Water & Power System Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/25 |
75 | 80,767 | ||||||
|
Series C, 5.00%, 07/01/25 |
115 | 123,843 | ||||||
|
Los Angeles Department of Water RB |
||||||||
|
5.00%, 07/01/25 |
100 | 107,848 | ||||||
|
Series B, 5.00%, 07/01/25 |
25 | 26,962 | ||||||
|
Los Angeles Unified School District/CA GO |
||||||||
|
5.00%, 07/01/25 |
365 | 392,144 | ||||||
|
Series A, 5.00%, 07/01/25 |
1,190 | 1,278,836 | ||||||
|
Los Rios Community College District GO |
||||||||
|
5.00%, 08/01/25 |
95 | 102,325 | ||||||
|
Series C, 4.00%, 08/01/25 |
100 | 104,614 | ||||||
|
Manhattan Beach Unified School District GO, 0.00%, 09/01/25 (NPFGC)(a) |
170 | 155,572 | ||||||
|
Metropolitan Water District of Southern California RB |
||||||||
|
5.00%, 07/01/25 |
120 | 129,189 | ||||||
|
Series A, 2.50%, 07/01/25 |
375 | 374,927 | ||||||
|
Series A, 5.00%, 07/01/25 |
290 | 312,330 | ||||||
|
Mount San Antonio Community College District GO, Series A, 0.00%, 08/01/25(a) |
100 | 91,171 | ||||||
|
Newport Mesa Unified School District GO, 0.00%, 08/01/25 (NPFGC)(a) |
225 | 205,858 | ||||||
|
Oak Grove School District GO, Series A, 0.00%, 08/01/25(a) |
25 | 22,837 | ||||||
|
Orange County Water District RB, Series C, 5.00%, 08/15/25 |
200 | 216,310 | ||||||
|
Palo Alto Unified School District GO, 0.00%, 08/01/25(a) |
560 | 512,357 | ||||||
|
Palomar Community College District GO, Series B, 0.00%, 08/01/25(a) |
325 | 298,017 | ||||||
|
Pasadena Area Community College District GO, Series A, 5.00%, 08/01/25 |
30 | 32,313 | ||||||
|
Rancho Water District Financing Authority RB, Series A, 5.00%, 08/01/25 |
190 | 205,328 | ||||||
|
Riverside Community College District GO, Series D, 0.00%, 08/01/25(a) |
105 | 95,546 | ||||||
|
Riverside County Transportation Commission Sales Tax Revenue RB, 5.00%, 06/01/25 |
50 | 53,676 | ||||||
|
Sacramento City Financing Authority RB, 5.25%, 12/01/25 (AMBAC) |
25 | 27,273 | ||||||
|
Sacramento County Sanitation Districts Financing Authority RB |
||||||||
|
5.00%, 08/01/25 |
100 | 107,872 | ||||||
|
5.00%, 12/01/25 |
335 | 363,805 | ||||||
|
Sacramento Municipal Utility District RB |
||||||||
|
5.00%, 07/01/25 |
225 | 241,946 | ||||||
|
Series E, 5.00%, 08/15/25 |
210 | 226,229 | ||||||
|
San Diego Community College District GO, 5.00%, 08/01/25 |
220 | 237,748 | ||||||
|
San Diego County Regional Transportation Commission RB, Series A, 5.00%, 04/01/25 |
255 | 273,656 | ||||||
|
San Diego Public Facilities Financing Authority RB |
||||||||
|
Series A, 5.00%, 08/01/25 |
100 | 107,872 | ||||||
|
Series B, 5.00%, 08/01/25 |
115 | 124,053 | ||||||
|
San Diego Unified School District/CA GO |
||||||||
|
5.00%, 07/01/25 |
205 | 220,439 | ||||||
|
Series C-2, 5.50%, 07/01/25 (AGM) |
280 | 305,316 | ||||||
|
Series D-1, 5.50%, 07/01/25 (NPFGC) |
140 | 152,658 | ||||||
|
Series J-2, 4.00%, 07/01/25 |
135 | 141,090 | ||||||
|
Series J-2, 5.00%, 07/01/25 |
140 | 150,544 | ||||||
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
San Francisco Bay Area Rapid Transit District GO, 5.00%, 08/01/25 |
$ | 50 | $ | 54,034 | ||||
|
San Francisco City & County Airport Commission San Francisco International Airport RB, 5.00%, 05/01/25 |
345 | 367,280 | ||||||
|
San Francisco City & County Public Utilities Commission Wastewater Revenue RB |
||||||||
|
Series A, 4.00%, 10/01/25 |
245 | 256,806 | ||||||
|
Series A, 5.00%, 10/01/25 |
155 | 167,505 | ||||||
|
San Francisco County Transportation Authority RB, 4.00%, 02/01/25 |
115 | 119,604 | ||||||
|
San Jose Evergreen Community College District GO, 5.00%, 09/01/25 |
50 | 53,944 | ||||||
|
San Jose Unified School District GO, Series C, 0.00%, 08/01/25 (NPFGC)(a) |
170 | 154,693 | ||||||
|
San Mateo County Community College District GO |
||||||||
|
Series A, 0.00%, 09/01/25 (NPFGC)(a) |
100 | 91,543 | ||||||
|
Series B, 0.00%, 09/01/25 (NPFGC)(a) |
425 | 389,059 | ||||||
|
San Mateo Foster City Public Financing Authority RB |
||||||||
|
Series B, 5.00%, 08/01/25 |
430 | 463,154 | ||||||
|
Series-A, 5.00%, 08/01/25 |
170 | 183,107 | ||||||
|
San Mateo Union High School District GO, 0.00%, 09/01/25 (NPFGC)(a) |
300 | 274,720 | ||||||
|
Santa Clara Valley Transportation Authority RB, Series A, 5.00%, 06/01/25 |
490 | 527,687 | ||||||
|
Santa Monica-Malibu Unified School District GO, 4.00%, 08/01/25 |
125 | 130,767 | ||||||
|
Sequoia Union High School District GO, 5.00%, 07/01/25 |
150 | 161,819 | ||||||
|
Southern California Public Power Authority RB, 5.00%, 07/01/25 |
150 | 161,344 | ||||||
|
State of California Department of Water Resources RB |
||||||||
|
5.00%, 12/01/25 |
460 | 500,870 | ||||||
|
Series AW, 5.00%, 12/01/25 |
100 | 108,885 | ||||||
|
Series AX, 5.00%, 12/01/25 |
240 | 261,324 | ||||||
|
State of California GO |
||||||||
|
4.00%, 03/01/25 |
20 | 20,821 | ||||||
|
4.00%, 09/01/25 |
465 | 486,931 | ||||||
|
4.00%, 10/01/25 |
75 | 78,614 | ||||||
|
5.00%, 03/01/25 |
125 | 133,629 | ||||||
|
5.00%, 04/01/25 |
245 | 262,353 | ||||||
|
5.00%, 08/01/25 |
1,125 | 1,212,834 | ||||||
|
5.00%, 09/01/25 |
940 | 1,015,094 | ||||||
|
5.00%, 10/01/25 |
1,260 | 1,362,939 | ||||||
|
5.00%, 11/01/25 |
565 | 612,182 | ||||||
|
Series B, 5.00%, 08/01/25 |
530 | 571,380 | ||||||
|
Series B, 5.00%, 09/01/25 |
185 | 199,779 | ||||||
|
University of California RB |
||||||||
|
5.00%, 05/15/25 |
160 | 172,096 | ||||||
|
Series AO, 5.00%, 05/15/25 |
335 | 360,326 | ||||||
|
Series AY, 5.00%, 05/15/25 |
175 | 188,230 | ||||||
|
Series I, 5.00%, 05/15/25 |
435 | 467,358 | ||||||
|
Upper Santa Clara Valley Joint Powers Authority RB, Series A, 5.00%, 08/01/25 |
85 | 91,913 | ||||||
|
|
|
|||||||
| 29,163,848 | ||||||||
| Colorado — 1.0% | ||||||||
|
Board of Governors of Colorado State University System RB, Series C, 2.50%, 03/01/25 |
25 | 25,001 | ||||||
|
Board of Water Commissioners City & County of Denver (The) RB, Series A, 4.00%, 09/15/25 |
65 | 68,376 | ||||||
|
City & County of Denver Co. Airport System Revenue RB, Series A, 5.00%, 11/15/25 |
160 | 171,976 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
59 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Colorado (continued) |
||||||||
|
City of Colorado Springs CO Utilities System Revenue RB, Series A-1, 5.00%, 11/15/25 |
$ | 145 | $ | 157,330 | ||||
|
County of Adams Co. COP, 5.00%, 12/01/25 |
130 | 141,085 | ||||||
|
Denver City & County School District No. 1 COP, Series A, 5.00%, 12/01/25 |
50 | 54,228 | ||||||
|
Denver City & County School District No. 1 GO |
||||||||
|
5.00%, 12/01/25 (SAW) |
175 | 190,172 | ||||||
|
Series A, 5.50%, 12/01/25 (SAW) |
305 | 336,636 | ||||||
|
E-470 Public Highway Authority RB, Series B, 0.00%, 09/01/25 (NPFGC)(a) |
270 | 246,195 | ||||||
|
State of Colorado COP |
||||||||
|
Series K, 5.00%, 03/15/25 |
125 | 133,805 | ||||||
|
Series L, 5.00%, 03/15/25 |
25 | 26,761 | ||||||
|
University of Colorado RB, Series A, 5.00%, 06/01/25 (NPFGC) |
365 | 391,724 | ||||||
|
|
|
|||||||
| 1,943,289 | ||||||||
| Connecticut — 1.6% | ||||||||
|
State of Connecticut Clean Water Fund - State Revolving Fund RB, 5.00%, 02/01/25 |
100 | 106,832 | ||||||
|
State of Connecticut GO |
||||||||
|
4.00%, 06/01/25 |
235 | 245,005 | ||||||
|
Series A, 5.00%, 04/15/25 |
170 | 181,782 | ||||||
|
Series B, 3.00%, 06/01/25 |
100 | 101,316 | ||||||
|
Series B, 5.00%, 05/15/25 |
300 | 321,316 | ||||||
|
Series B, 5.00%, 06/15/25 |
100 | 107,280 | ||||||
|
Series C, 5.00%, 06/15/25 |
220 | 236,016 | ||||||
|
Series E, 5.00%, 09/15/25 |
240 | 258,730 | ||||||
|
Series E, 5.00%, 10/15/25 |
150 | 161,968 | ||||||
|
Series F, 5.00%, 11/15/25 |
380 | 410,974 | ||||||
|
State of Connecticut Special Tax Revenue RB |
||||||||
|
Series A, 5.00%, 01/01/25 |
185 | 196,708 | ||||||
|
Series A, 5.00%, 08/01/25 |
65 | 69,906 | ||||||
|
Series A, 5.00%, 09/01/25 |
375 | 403,961 | ||||||
|
Series B, 5.00%, 08/01/25 |
160 | 172,077 | ||||||
|
Series B, 5.00%, 10/01/25 |
225 | 242,770 | ||||||
|
|
|
|||||||
| 3,216,641 | ||||||||
| Delaware — 0.5% | ||||||||
|
City of Wilmington DE GO, 5.00%, 12/01/25 |
15 | 16,333 | ||||||
|
Delaware Transportation Authority RB, 5.00%, 07/01/25 |
400 | 431,010 | ||||||
|
State of Delaware GO |
||||||||
|
5.00%, 03/01/25 |
110 | 118,030 | ||||||
|
5.00%, 10/01/25 |
100 | 108,648 | ||||||
|
Series 2009C, 5.00%, 10/01/25 |
190 | 206,432 | ||||||
|
Series A, 5.00%, 02/01/25 |
100 | 107,108 | ||||||
|
|
|
|||||||
| 987,561 | ||||||||
| District of Columbia — 1.5% | ||||||||
|
District of Columbia, Series C, 5.00%, 05/01/25 |
150 | 161,119 | ||||||
|
District of Columbia GO |
||||||||
|
Series A, 5.00%, 06/01/25 |
210 | 225,569 | ||||||
|
Series B, 5.00%, 06/01/25 |
300 | 322,242 | ||||||
|
Series D, 5.00%, 06/01/25 |
165 | 177,233 | ||||||
|
Series E, 5.00%, 06/01/25 |
165 | 177,233 | ||||||
|
District of Columbia RB |
||||||||
|
5.00%, 12/01/25 |
150 | 161,616 | ||||||
|
Series A, 5.00%, 12/01/25 |
90 | 97,835 | ||||||
|
Series B, 5.00%, 10/01/25 |
100 | 108,340 | ||||||
|
Series C, 5.00%, 10/01/25 |
490 | 530,868 | ||||||
|
District of Columbia Water & Sewer Authority RB |
||||||||
|
Series A, 5.00%, 10/01/25 |
250 | 270,680 | ||||||
| Security | Par (000) |
Value | ||||||
|
District of Columbia (continued) |
||||||||
|
Series B, 5.00%, 10/01/25 |
$ | 220 | $ | 238,199 | ||||
|
Metropolitan Washington Airports Authority Aviation Revenue RB, 5.00%, 10/01/25 |
200 | 215,117 | ||||||
|
Washington Metropolitan Area Transit Authority RB, Series A1, 5.00%, 07/01/25 |
280 | 301,176 | ||||||
|
|
|
|||||||
| 2,987,227 | ||||||||
|
Florida — 3.9% |
||||||||
|
Central Florida Expressway Authority RB, 5.00%, 07/01/25 |
140 | 150,103 | ||||||
|
County of Miami-Dade FL Aviation Revenue RB |
||||||||
|
5.00%, 10/01/25 |
120 | 128,341 | ||||||
|
Series B, 5.00%, 10/01/25 |
175 | 187,165 | ||||||
|
County of Miami-Dade FL GO, Series-D, 5.00%, 07/01/25 |
215 | 231,396 | ||||||
|
County of Miami-Dade FL Water & Sewer System Revenue RB, 5.00%, 10/01/25 |
785 | 845,131 | ||||||
|
County of Orange FL Water Utility System Revenue RB, 5.00%, 10/01/25 |
385 | 416,585 | ||||||
|
County of Seminole FL Sales Tax Revenue RB, Series B, 5.25%, 10/01/25 (NPFGC) |
60 | 65,637 | ||||||
|
Florida Department of Environmental Protection RB |
||||||||
|
5.00%, 07/01/25 |
500 | 538,763 | ||||||
|
Series A, 5.00%, 07/01/25 |
230 | 247,613 | ||||||
|
Florida Department of Management Services COP, Series A, 5.00%, 08/01/25 |
245 | 263,969 | ||||||
|
Florida State Development Commission/Everglades Parkway RB, Series A, 5.00%, 07/01/25 |
60 | 64,652 | ||||||
|
Hillsborough County Aviation Authority RB, 5.00%, 10/01/25 |
200 | 215,117 | ||||||
|
Hillsborough County School Board COP, Series A, 5.00%, 07/01/25 |
180 | 191,973 | ||||||
|
Orange County School Board COP, 5.00%, 08/01/25 |
50 | 53,726 | ||||||
|
Palm Beach County School District COP, Series B, 5.00%, 08/01/25 |
165 | 176,816 | ||||||
|
School Board of Miami-Dade County (The) COP, Series A, 5.00%, 05/01/25 |
235 | 251,435 | ||||||
|
School Board of Miami-Dade County (The) GO, 5.00%, 03/15/25 |
240 | 256,975 | ||||||
|
School District of Broward County/FL COP |
||||||||
|
Series A, 5.00%, 07/01/25 |
145 | 155,783 | ||||||
|
Series C, 5.00%, 07/01/25 |
165 | 177,271 | ||||||
|
School District of Broward County/FL GO, 5.00%, 07/01/25 |
180 | 193,159 | ||||||
|
State of Florida Department of Transportation RB, 5.00%, 07/01/25 |
330 | 355,552 | ||||||
|
State of Florida Department of Transportation Turnpike System Revenue RB |
||||||||
|
5.00%, 07/01/25 |
125 | 134,809 | ||||||
|
Series A, 5.00%, 07/01/25 |
695 | 749,541 | ||||||
|
Series-B, 5.00%, 07/01/25 |
145 | 156,379 | ||||||
|
State of Florida GO |
||||||||
|
Series A, 5.00%, 06/01/25 |
277 | 298,304 | ||||||
|
Series A, 5.00%, 07/01/25 |
50 | 54,003 | ||||||
|
Series B, 5.00%, 06/01/25 |
190 | 204,614 | ||||||
|
Series B, 5.00%, 07/01/25 |
35 | 37,802 | ||||||
|
Series C, 5.00%, 06/01/25 |
280 | 301,535 | ||||||
|
Series D, 5.00%, 06/01/25 |
85 | 91,537 | ||||||
|
State of Florida Lottery Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/25 |
235 | 252,996 | ||||||
|
Series B, 5.00%, 07/01/25 |
155 | 166,869 | ||||||
|
Tampa Bay Water RB, Series C, 5.00%, 10/01/25 |
85 | 92,089 | ||||||
| 60 |
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 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Florida (continued) |
||||||||
|
Volusia County School Board COP, Series A, 5.00%, 08/01/25 (BAM) |
$ | 90 | $ | 97,290 | ||||
|
|
|
|||||||
| 7,804,930 | ||||||||
| Georgia — 1.7% | ||||||||
|
City of Atlanta GA Water & Wastewater Revenue RB |
||||||||
|
5.75%, 11/01/25 (AGM) |
195 | 216,288 | ||||||
|
Series B, 5.00%, 11/01/25 |
245 | 265,631 | ||||||
|
County of Forsyth GA GO, 5.00%, 09/01/25 |
100 | 108,422 | ||||||
|
Forsyth County School District GO, 5.00%, 02/01/25 |
105 | 112,405 | ||||||
|
Georgia State Road & Tollway Authority RB, 5.00%, 06/01/25 |
275 | 295,388 | ||||||
|
Gwinnett County School District GO, 5.00%, 02/01/25 |
120 | 128,364 | ||||||
|
Metropolitan Atlanta Rapid Transit Authority RB |
||||||||
|
5.25%, 07/01/25 (NPFGC) |
100 | 108,445 | ||||||
|
Series A, 4.00%, 07/01/25 |
230 | 240,732 | ||||||
|
Municipal Electric Authority of Georgia RB, 5.00%, 01/01/25 |
145 | 153,408 | ||||||
|
Private Colleges & Universities Authority RB |
||||||||
|
Series B, 5.00%, 09/01/25 |
115 | 123,881 | ||||||
|
Series B, 5.00%, 10/01/25 |
390 | 420,801 | ||||||
|
State of Georgia GO |
||||||||
|
Series A, 5.00%, 02/01/25 |
435 | 465,680 | ||||||
|
Series A, 5.00%, 07/01/25 |
85 | 91,805 | ||||||
|
Series A1, 5.00%, 02/01/25 |
85 | 90,995 | ||||||
|
Series A-1, 5.00%, 02/01/25 |
85 | 90,995 | ||||||
|
Series C1, 4.00%, 01/01/25 |
150 | 156,247 | ||||||
|
Series C1, 4.00%, 07/01/25 |
105 | 110,063 | ||||||
|
Series E, 5.00%, 12/01/25 |
100 | 108,957 | ||||||
|
Series F, 5.00%, 07/01/25 |
125 | 135,008 | ||||||
|
|
|
|||||||
| 3,423,515 | ||||||||
| Hawaii — 1.4% | ||||||||
|
City & County Honolulu HI Wastewater System Revenue RB |
||||||||
|
5.00%, 07/01/25 |
300 | 321,884 | ||||||
|
Series B, 5.00%, 07/01/25 |
160 | 171,798 | ||||||
|
City & County of Honolulu HI GO |
||||||||
|
5.00%, 09/01/25 |
125 | 134,861 | ||||||
|
Series A, 5.00%, 10/01/25 |
160 | 172,908 | ||||||
|
Series B, 5.00%, 09/01/25 |
225 | 242,750 | ||||||
|
Series C, 5.00%, 10/01/25 |
65 | 70,244 | ||||||
|
Series E, 5.00%, 09/01/25 |
200 | 215,778 | ||||||
|
County of Hawaii HI GO, Series D, 5.00%, 09/01/25 |
170 | 183,694 | ||||||
|
State of Hawaii GO |
||||||||
|
Series EZ, 5.00%, 10/01/25 |
335 | 362,369 | ||||||
|
Series FE, 5.00%, 10/01/25 |
130 | 140,621 | ||||||
|
Series FK, 5.00%, 05/01/25 |
130 | 139,442 | ||||||
|
Series FN, 5.00%, 10/01/25 |
290 | 313,692 | ||||||
|
Series FT, 5.00%, 01/01/25 |
125 | 133,177 | ||||||
|
State of Hawaii State Highway Fund RB, Series A, 4.00%, 01/01/25 |
75 | 77,986 | ||||||
|
University of Hawaii RB, Series B, 5.00%, 10/01/25 |
45 | 48,707 | ||||||
|
|
|
|||||||
| 2,729,911 | ||||||||
| Idaho — 0.4% | ||||||||
|
Idaho Housing & Finance Association RB, 5.00%, 07/15/25 |
680 | 731,128 | ||||||
|
|
|
|||||||
|
Illinois — 3.4% |
||||||||
|
Chicago O’Hare International Airport RB |
||||||||
|
5.00%, 01/01/25 |
445 | 470,217 | ||||||
|
Series C, 5.00%, 01/01/25 |
140 | 147,934 | ||||||
|
Series F, 5.00%, 01/01/25 |
150 | 158,500 | ||||||
|
County of Will IL GO, 5.00%, 11/15/41 (PR 11/15/25) |
2,000 | 2,166,663 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Illinois (continued) |
||||||||
|
Illinois Finance Authority RB |
||||||||
|
4.00%, 07/01/25 |
$ | 460 | $ | 478,900 | ||||
|
5.00%, 01/01/25 |
130 | 137,951 | ||||||
|
5.00%, 07/01/25 |
205 | 219,600 | ||||||
|
5.00%, 12/01/25 |
330 | 358,375 | ||||||
|
State of Illinois GO |
||||||||
|
5.00%, 01/01/25 |
155 | 162,663 | ||||||
|
5.00%, 02/01/25 |
125 | 131,331 | ||||||
|
5.00%, 10/01/25 |
100 | 105,970 | ||||||
|
5.50%, 05/01/25 |
210 | 224,369 | ||||||
|
Series A, 5.00%, 03/01/25 |
460 | 483,851 | ||||||
|
Series D, 5.00%, 11/01/25 |
1,310 | 1,389,599 | ||||||
|
State of Illinois Sales Tax Revenue RB, 5.00%, 06/15/25 |
200 | 210,684 | ||||||
|
|
|
|||||||
| 6,846,607 | ||||||||
| Indiana — 1.0% | ||||||||
|
City of Indianapolis Department of Public Utilities Water System Revenue RB, 5.00%, 10/01/25 |
275 | 297,279 | ||||||
|
Indiana Finance Authority RB |
||||||||
|
5.00%, 02/01/25 |
105 | 112,001 | ||||||
|
Series B, 5.00%, 02/01/25 |
215 | 229,335 | ||||||
|
Series C, 5.00%, 12/01/25 |
590 | 639,677 | ||||||
|
Indiana University RB, 5.00%, 06/01/25 |
180 | 193,566 | ||||||
|
Indianapolis Local Public Improvement Bond Bank RB, 5.00%, 01/01/25 |
100 | 106,462 | ||||||
|
Purdue University COP, Series A, 5.00%, 07/01/25 |
115 | 124,171 | ||||||
|
Purdue University RB |
||||||||
|
5.00%, 07/01/25 |
160 | 172,556 | ||||||
|
Series A, 5.25%, 07/01/25 |
165 | 179,407 | ||||||
|
|
|
|||||||
| 2,054,454 | ||||||||
| Iowa — 0.7% | ||||||||
|
County of Polk IA GO, 5.00%, 06/01/25 |
175 | 187,330 | ||||||
|
Iowa Finance Authority RB, 5.00%, 08/01/25 |
300 | 324,202 | ||||||
|
State of Iowa GO |
||||||||
|
5.00%, 06/15/25 |
445 | 478,920 | ||||||
|
Series-A, 5.00%, 06/01/25 |
250 | 268,919 | ||||||
|
State of Iowa RB, Series A, 5.00%, 06/01/25 |
135 | 145,217 | ||||||
|
|
|
|||||||
| 1,404,588 | ||||||||
| Kansas — 0.6% | ||||||||
|
Johnson County Public Building Commission RB 5.00%, 09/01/25 |
145 | 156,632 | ||||||
|
Series A, 5.00%, 09/01/25 |
190 | 205,242 | ||||||
|
Johnson County Unified School District No. 512 Shawnee Mission GO, Series B, 5.00%, 10/01/25 |
175 | 189,955 | ||||||
|
Sedgwick County Unified School District No. 265 Goddard GO, Series B, 5.00%, 10/01/25 |
20 | 21,661 | ||||||
|
State of Kansas Department of Transportation RB 5.00%, 09/01/25 |
445 | 479,810 | ||||||
|
Series A, 5.00%, 09/01/25 |
190 | 204,863 | ||||||
|
|
|
|||||||
| 1,258,163 | ||||||||
| Louisiana — 0.5% | ||||||||
|
State of Louisiana GO |
||||||||
|
Series A, 5.00%, 03/01/25 |
110 | 117,313 | ||||||
|
Series A, 5.00%, 09/01/25 |
200 | 215,380 | ||||||
|
Series B, 5.00%, 05/01/25 |
40 | 42,762 | ||||||
|
Series B, 5.00%, 08/01/25 |
315 | 339,083 | ||||||
|
State of Louisiana RB, 5.00%, 09/01/25 |
205 | 220,764 | ||||||
|
|
|
|||||||
| 935,302 | ||||||||
| Maine — 0.6% | ||||||||
|
Maine Governmental Facilities Authority RB, 5.00%, 10/01/25 |
105 | 113,186 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
61 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Maine (continued) |
||||||||
|
Maine Municipal Bond Bank RB |
||||||||
|
5.00%, 11/01/25 |
$ | 375 | $ | 406,708 | ||||
|
Series A, 5.00%, 09/01/25 |
250 | 269,473 | ||||||
|
Series B, 5.00%, 11/01/25 |
125 | 135,569 | ||||||
|
State of Maine GO, Series B, 5.00%, 06/01/25 |
285 | 306,920 | ||||||
|
|
|
|||||||
| 1,231,856 | ||||||||
| Maryland — 4.0% | ||||||||
|
City of Baltimore MD RB |
||||||||
|
5.00%, 07/01/25 |
295 | 316,234 | ||||||
|
Series A, 5.00%, 07/01/25 |
190 | 204,610 | ||||||
|
County of Anne Arundel MD GOL, 5.00%, 10/01/25 |
1,050 | 1,139,010 | ||||||
|
County of Baltimore MD GO |
||||||||
|
5.00%, 03/01/25 |
500 | 535,789 | ||||||
|
5.00%, 08/01/25 |
125 | 135,125 | ||||||
|
County of Charles MD GO, 5.00%, 10/01/25 |
60 | 65,086 | ||||||
|
County of Frederick MD, 5.00%, 08/01/25 |
300 | 324,055 | ||||||
|
County of Howard MD GO |
||||||||
|
5.00%, 08/15/25 |
285 | 308,335 | ||||||
|
Series A, 5.00%, 02/15/25 |
240 | 256,936 | ||||||
|
County of Montgomery MD COP, Series B, 5.00%, 04/01/25 |
100 | 106,705 | ||||||
|
County of Montgomery MD GO |
||||||||
|
Series C, 5.00%, 10/01/25 |
175 | 189,835 | ||||||
|
Series D, 4.00%, 11/01/25 |
490 | 515,289 | ||||||
|
County of Prince George’s MD GOL |
||||||||
|
Series A, 5.00%, 07/15/25 |
255 | 275,397 | ||||||
|
Series B, 5.00%, 07/15/25 |
45 | 48,600 | ||||||
|
State of Maryland Department of Transportation RB |
||||||||
|
4.00%, 09/01/25 |
235 | 246,851 | ||||||
|
5.00%, 09/01/25 |
315 | 340,899 | ||||||
|
5.00%, 10/01/25 |
205 | 222,238 | ||||||
|
5.00%, 12/01/25 |
130 | 140,946 | ||||||
|
State of Maryland GO |
||||||||
|
Second Series A, 5.00%, 08/01/25 |
410 | 443,209 | ||||||
|
Second Series B, 5.00%, 08/01/25 |
305 | 329,704 | ||||||
|
Series A, 5.00%, 03/15/25 |
125 | 134,056 | ||||||
|
Series A, 5.00%, 08/01/25 |
155 | 167,555 | ||||||
|
Series B, 4.00%, 08/01/25 |
210 | 220,358 | ||||||
|
Series B, 5.00%, 08/01/25 |
700 | 756,699 | ||||||
|
Washington Suburban Sanitary Commission GO |
||||||||
|
4.00%, 06/01/25 (GTD) |
65 | 68,062 | ||||||
|
5.00%, 06/01/25 (GTD) |
350 | 377,027 | ||||||
|
Washington Suburban Sanitary Commission RB, 5.00%, 06/01/25 (GTD) |
180 | 193,900 | ||||||
|
|
|
|||||||
| 8,062,510 | ||||||||
| Massachusetts — 3.6% | ||||||||
|
City of Boston MA GO, 5.00%, 11/01/25 |
200 | 217,611 | ||||||
|
Commonwealth of Massachusetts GO, 5.00%, 01/01/25 |
205 | 218,683 | ||||||
|
Commonwealth of Massachusetts GOL |
||||||||
|
5.00%, 07/01/25 |
100 | 107,784 | ||||||
|
Series A, 5.00%, 07/01/25 |
195 | 210,179 | ||||||
|
Series B, 5.00%, 04/01/25 |
75 | 80,421 | ||||||
|
Series B, 5.00%, 07/01/25 |
190 | 204,790 | ||||||
|
Series B, 5.25%, 09/01/25 (AGM) |
375 | 408,561 | ||||||
|
Series C, 5.00%, 08/01/25 |
340 | 367,097 | ||||||
|
Series C, 5.00%, 09/01/25 |
135 | 146,010 | ||||||
|
Series C, 5.00%, 10/01/25 |
585 | 633,791 | ||||||
|
Series D, 5.00%, 07/01/25 |
330 | 355,688 | ||||||
|
Series E, 5.00%, 11/01/25 (AMBAC) |
90 | 97,673 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Massachusetts (continued) |
||||||||
|
Commonwealth of Massachusetts Transportation Fund Revenue RB, Series A, 5.00%, 06/01/25 |
$ | 165 | $ | 177,640 | ||||
|
Massachusetts Bay Transportation Authority RB, Series A, 5.00%, 07/01/25 |
710 | 764,594 | ||||||
|
Massachusetts Clean Water Trust (The) RB |
||||||||
|
5.00%, 08/01/25 |
770 | 832,870 | ||||||
|
Series 22, 5.00%, 08/01/25 |
85 | 91,913 | ||||||
|
Massachusetts Development Finance Agency RB |
||||||||
|
Series A, 5.00%, 07/15/25 |
685 | 740,453 | ||||||
|
Series A, 5.00%, 10/15/25 |
250 | 271,671 | ||||||
|
Massachusetts School Building Authority RB |
||||||||
|
5.00%, 01/15/25 |
120 | 128,178 | ||||||
|
5.00%, 02/15/25 |
150 | 160,501 | ||||||
|
Series A, 5.00%, 11/15/41 (PR 11/15/25) |
250 | 271,274 | ||||||
|
Series C, 5.00%, 08/15/25 |
250 | 270,305 | ||||||
|
Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue RB, 5.00%, 01/01/25 |
75 | 80,006 | ||||||
|
Massachusetts Water Resources Authority RB |
||||||||
|
5.00%, 08/01/25 |
135 | 145,540 | ||||||
|
Series B, 5.25%, 08/01/25 (AGM) |
15 | 16,287 | ||||||
|
Series C, 5.00%, 08/01/25 |
10 | 10,781 | ||||||
|
Town of Watertown MA GOL, 5.00%, 02/01/25 |
225 | 240,869 | ||||||
|
University of Massachusetts Building Authority RB, 5.00%, 11/01/25 |
25 | 27,105 | ||||||
|
|
|
|||||||
| 7,278,275 | ||||||||
| Michigan — 1.1% | ||||||||
|
Michigan Finance Authority RB |
||||||||
|
Series A, 5.00%, 12/01/25 |
185 | 199,196 | ||||||
|
Series B, 5.00%, 10/01/25 |
330 | 356,623 | ||||||
|
Michigan State Building Authority RB |
||||||||
|
5.00%, 04/15/25 |
140 | 150,281 | ||||||
|
Series I, 5.00%, 04/15/25 |
370 | 397,170 | ||||||
|
State of Michigan GO |
||||||||
|
Series A, 5.00%, 05/01/25 |
130 | 139,753 | ||||||
|
Series B, 4.00%, 11/01/25 |
120 | 126,358 | ||||||
|
State of Michigan RB, 5.00%, 03/15/25 |
505 | 537,252 | ||||||
|
State of Michigan Trunk Line Revenue RB, 5.00%, 11/15/25 |
45 | 48,906 | ||||||
|
University of Michigan RB, Series A, 5.00%, 04/01/25 |
290 | 311,640 | ||||||
|
Wayne County Airport Authority RB, Series A, 5.00%, 12/01/25 |
25 | 26,813 | ||||||
|
|
|
|||||||
| 2,293,992 | ||||||||
| Minnesota — 1.1% | ||||||||
|
City of Minneapolis MN GO, 4.00%, 12/01/25 |
150 | 157,792 | ||||||
|
County of Hennepin MN GO, Series A, 5.00%, 12/01/25 |
250 | 271,675 | ||||||
|
Metropolitan Council GO, Series A, 5.00%, 03/01/25 |
65 | 69,745 | ||||||
|
Minneapolis-St Paul Metropolitan Airports Commission RB |
||||||||
|
Series A, 5.00%, 01/01/25 |
120 | 126,895 | ||||||
|
Series C, 5.00%, 01/01/25 |
125 | 132,183 | ||||||
|
Minnesota Public Facilities Authority RB, Series A, 5.00%, 03/01/25 |
110 | 117,905 | ||||||
|
Southern Minnesota Municipal Power Agency RB, Series A, 0.00%, 01/01/25 (NPFGC)(a) |
55 | 51,138 | ||||||
|
State of Minnesota GO |
||||||||
|
Series A, 5.00%, 08/01/25 |
240 | 259,596 | ||||||
|
Series A, 5.00%, 10/01/25 |
115 | 124,827 | ||||||
|
Series B, 5.00%, 08/01/25 |
175 | 189,289 | ||||||
|
Series B, 5.00%, 10/01/25 |
135 | 146,536 | ||||||
|
Series D, 5.00%, 08/01/25 |
335 | 362,353 | ||||||
|
Series E, 5.00%, 10/01/25 |
100 | 108,545 | ||||||
| 62 |
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 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Minnesota (continued) |
||||||||
|
University of Minnesota RB, Series B, 5.00%, 10/01/25 |
$ | 150 | $ | 161,846 | ||||
|
|
|
|||||||
| 2,280,325 | ||||||||
| Mississippi — 0.5% | ||||||||
|
State of Mississippi GO |
||||||||
|
5.00%, 11/01/32 (11/01/25) |
300 | 325,786 | ||||||
|
Series B, 5.00%, 12/01/25 |
140 | 152,288 | ||||||
|
Series C, 5.00%, 10/01/25 |
445 | 482,419 | ||||||
|
|
|
|||||||
| 960,493 | ||||||||
| Missouri — 0.4% | ||||||||
|
Metropolitan St Louis Sewer District RB, Series B, 5.00%, 05/01/25 |
85 | 91,199 | ||||||
|
Missouri Highway & Transportation Commission RB, 5.00%, 05/01/25 |
340 | 364,286 | ||||||
|
Missouri State Board of Public Buildings RB, Series A, 5.00%, 04/01/25 |
325 | 348,019 | ||||||
|
|
|
|||||||
| 803,504 | ||||||||
| Nebraska — 0.5% | ||||||||
|
Nebraska Public Power District RB |
||||||||
|
Series A, 5.00%, 01/01/25 |
215 | 228,950 | ||||||
|
Series C, 5.00%, 01/01/25 |
260 | 276,869 | ||||||
|
Omaha Public Facilities Corp. RB, Series A, 5.00%, 06/01/25 |
50 | 53,768 | ||||||
|
Omaha Public Power District Nebraska City Station Unit 2 RB, Series A, 5.00%, 02/01/25 |
60 | 63,951 | ||||||
|
Omaha Public Power District RB, Series A, 5.00%, 02/01/25 |
375 | 400,519 | ||||||
|
|
|
|||||||
| 1,024,057 | ||||||||
| Nevada — 2.3% | ||||||||
|
Clark County School District GOL, Series A, 5.00%, 06/15/25 |
625 | 668,561 | ||||||
|
Clark County Water Reclamation District GOL, 5.00%, 07/01/25 |
575 | 620,124 | ||||||
|
County of Clark Department of Aviation RB, 5.00%, 07/01/25 |
375 | 400,883 | ||||||
|
County of Clark NV GOL |
||||||||
|
5.00%, 11/01/25 |
170 | 184,315 | ||||||
|
Series A, 5.00%, 06/01/25 |
165 | 177,385 | ||||||
|
Series A, 5.00%, 11/01/25 |
175 | 189,736 | ||||||
|
Series B, 5.00%, 06/01/25 |
50 | 53,753 | ||||||
|
Series B, 5.00%, 12/01/25 |
255 | 276,926 | ||||||
|
County of Clark NV RB |
||||||||
|
5.00%, 07/01/25 |
350 | 375,698 | ||||||
|
Series B, 5.00%, 07/01/25 |
110 | 118,076 | ||||||
|
Las Vegas Valley Water District GOL, 5.00%, 06/01/25 |
185 | 198,887 | ||||||
|
State of Nevada GOL |
||||||||
|
5.00%, 05/01/25 |
135 | 145,088 | ||||||
|
Series A, 5.00%, 05/01/25 |
130 | 139,714 | ||||||
|
State of Nevada Highway Improvement Revenue RB, 5.00%, 12/01/25 |
700 | 761,442 | ||||||
|
Washoe County School District/NV GOL |
||||||||
|
Series A, 5.00%, 06/01/25 |
140 | 150,121 | ||||||
|
Series C, 5.00%, 10/01/25 |
55 | 59,362 | ||||||
|
|
|
|||||||
| 4,520,071 | ||||||||
| New Hampshire — 0.6% | ||||||||
|
City of Manchester NH GO, 4.00%, 06/15/25 |
310 | 324,003 | ||||||
|
New Hampshire Municipal Bond Bank RB |
||||||||
|
5.00%, 08/15/25 |
225 | 242,093 | ||||||
|
5.00%, 08/15/25 (ST INTERCEPT) |
50 | 53,799 | ||||||
|
Series A, 5.00%, 08/15/25 |
175 | 188,295 | ||||||
|
New Hampshire State Turnpike System RB, 4.00%, 11/01/25 |
135 | 141,782 | ||||||
|
State of New Hampshire GO, Series B, 5.00%, 12/01/25 |
175 | 190,611 | ||||||
|
|
|
|||||||
| 1,140,583 | ||||||||
| Security |
Par (000) |
Value | ||||||
|
New Jersey — 2.6% |
||||||||
|
County of Monmouth NJ GO, 5.00%, 07/15/25 |
$ | 170 | $ | 183,489 | ||||
|
Monmouth County Improvement Authority (The) RB |
||||||||
|
5.00%, 02/15/25 (GTD) |
100 | 107,113 | ||||||
|
5.00%, 12/01/25 (GTD) |
270 | 294,086 | ||||||
|
New Jersey Economic Development Authority RB |
||||||||
|
5.00%, 06/15/25 |
305 | 323,669 | ||||||
|
Series A, 4.13%, 06/15/25 |
170 | 176,006 | ||||||
|
Series B, 4.00%, 11/01/25 (SAP) |
860 | 889,502 | ||||||
|
Series D, 5.00%, 06/15/25 |
30 | 31,836 | ||||||
|
New Jersey Educational Facilities Authority RB |
||||||||
|
Series B, 5.00%, 07/01/25 |
300 | 323,923 | ||||||
|
Series D, 5.00%, 07/01/25 |
410 | 442,695 | ||||||
|
New Jersey Infrastructure Bank RB, Series A-1, 5.00%, 09/01/25 (GTD) |
110 | 119,117 | ||||||
|
New Jersey Transportation Trust Fund Authority RB |
||||||||
|
5.00%, 06/15/25 |
105 | 112,221 | ||||||
|
Series A, 5.00%, 06/15/25 |
25 | 26,530 | ||||||
|
Series A, 5.75%, 06/15/25 (NPFGC) |
220 | 238,349 | ||||||
|
New Jersey Turnpike Authority RB |
||||||||
|
Series B, 5.00%, 01/01/25 |
115 | 122,309 | ||||||
|
Series C-2, 5.50%, 01/01/25 (AMBAC) |
590 | 635,516 | ||||||
|
State of New Jersey GO |
||||||||
|
5.00%, 06/01/25 |
865 | 919,873 | ||||||
|
Series A, 5.00%, 06/01/25 |
315 | 334,983 | ||||||
|
|
|
|||||||
| 5,281,217 | ||||||||
| New Mexico — 0.3% | ||||||||
|
New Mexico Finance Authority RB, Series A, 5.00%, 06/15/25 |
185 | 199,333 | ||||||
|
Santa Fe Public School District GO, 5.00%, 08/01/25 (SAW) |
85 | 91,416 | ||||||
|
State of New Mexico GO, 5.00%, 03/01/25 |
275 | 294,528 | ||||||
|
State of New Mexico Severance Tax Permanent Fund RB, Series D, 5.00%, 07/01/25 |
50 | 53,876 | ||||||
|
|
|
|||||||
| 639,153 | ||||||||
| New York — 8.4% | ||||||||
|
City of New York NY GO |
||||||||
|
5.00%, 08/01/25 |
510 | 547,673 | ||||||
|
Series 1, 5.00%, 08/01/25 |
425 | 456,394 | ||||||
|
Series A, 5.00%, 08/01/25 |
510 | 547,673 | ||||||
|
Series C, 4.00%, 08/01/25 |
185 | 192,948 | ||||||
|
Series C, 5.00%, 08/01/25 |
935 | 1,004,067 | ||||||
|
Series E, 5.00%, 08/01/25 |
200 | 214,774 | ||||||
|
Series F-1, 5.00%, 06/01/25 |
75 | 80,284 | ||||||
|
County of Monroe NY GOL, 5.00%, 06/01/25 (AGM) |
25 | 26,708 | ||||||
|
Hudson Yards Infrastructure Corp. RB, 4.00%, 02/15/25 |
100 | 104,242 | ||||||
|
Long Island Power Authority RB |
||||||||
|
0.00%, 06/01/25 (AGM)(a) |
200 | 183,360 | ||||||
|
5.00%, 09/01/25 |
130 | 140,645 | ||||||
|
Metropolitan Transportation Authority RB |
||||||||
|
5.00%, 11/15/25 |
70 | 75,623 | ||||||
|
Series A, 5.00%, 11/15/25 |
105 | 113,434 | ||||||
|
Series A2, 5.00%, 11/15/25 |
150 | 159,778 | ||||||
|
Series B, 5.00%, 11/15/25 |
650 | 692,369 | ||||||
|
Series B2, 5.00%, 11/15/25 |
215 | 232,269 | ||||||
|
Series C-1, 5.00%, 11/15/25 |
65 | 69,237 | ||||||
|
Series F, 5.00%, 11/15/25 |
230 | 244,992 | ||||||
|
New York City Transitional Finance Authority Building Aid Revenue RB |
||||||||
|
4.00%, 07/15/25 |
110 | 114,842 | ||||||
|
Series S-2A, 5.00%, 07/15/25 (SAW) |
145 | 155,810 | ||||||
|
Series S-3, 5.00%, 07/15/25 (SAW) |
415 | 445,938 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
63 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Series S-4A, 5.00%, 07/15/25 (SAW) |
$ | 140 | $ | 150,437 | ||||
|
New York City Transitional Finance Authority Future Tax Secured Revenue RB |
||||||||
|
4.00%, 05/01/25 |
100 | 104,217 | ||||||
|
5.00%, 02/01/25 |
50 | 53,279 | ||||||
|
5.00%, 05/01/25 |
100 | 107,083 | ||||||
|
5.00%, 08/01/25 |
275 | 295,936 | ||||||
|
5.00%, 11/01/25 |
145 | 156,805 | ||||||
|
Series A-1, 5.00%, 08/01/25 |
10 | 10,761 | ||||||
|
Series B-1, 5.00%, 08/01/25 |
250 | 269,033 | ||||||
|
Series C, 5.00%, 11/01/25 |
710 | 767,805 | ||||||
|
New York City Water & Sewer System RB |
||||||||
|
4.00%, 06/15/25 |
395 | 412,842 | ||||||
|
5.00%, 06/15/25 |
435 | 467,616 | ||||||
|
Series FF, 4.00%, 06/15/25 |
50 | 52,259 | ||||||
|
Series GG, 5.00%, 06/15/25 |
250 | 268,745 | ||||||
|
New York State Dormitory Authority RB |
||||||||
|
4.00%, 02/15/25 |
125 | 130,245 | ||||||
|
5.00%, 03/15/25 |
250 | 267,631 | ||||||
|
5.00%, 10/01/25 |
130 | 141,065 | ||||||
|
Series 1, 5.00%, 03/15/25 |
210 | 224,973 | ||||||
|
Series A, 5.00%, 02/15/25 |
355 | 379,323 | ||||||
|
Series A, 5.00%, 03/15/25 |
530 | 567,705 | ||||||
|
Series A, 5.00%, 07/01/25 |
290 | 312,084 | ||||||
|
Series B, 5.00%, 02/15/25 |
365 | 390,077 | ||||||
|
Series B, 5.50%, 03/15/25 (AMBAC) |
160 | 173,287 | ||||||
|
Series D, 5.00%, 02/15/25 |
645 | 689,603 | ||||||
|
Series E, 5.00%, 02/15/25 |
60 | 64,122 | ||||||
|
Series E, 5.00%, 03/15/25 |
500 | 535,515 | ||||||
|
New York State Environmental Facilities Corp. RB |
||||||||
|
5.00%, 10/15/25 |
70 | 76,020 | ||||||
|
Series A, 4.00%, 06/15/25 |
100 | 104,855 | ||||||
|
Series B, 5.00%, 06/15/25 |
200 | 215,682 | ||||||
|
Series D, 5.00%, 03/15/25 |
125 | 134,092 | ||||||
|
New York State Thruway Authority RB |
||||||||
|
5.00%, 01/01/25 |
210 | 223,569 | ||||||
|
Series A-1, 5.00%, 03/15/25 |
200 | 213,229 | ||||||
|
Series L, 5.00%, 01/01/25 |
150 | 159,533 | ||||||
|
New York State Urban Development Corp. RB |
||||||||
|
5.00%, 03/15/25 |
75 | 80,197 | ||||||
|
Series A, 5.00%, 03/15/25 |
1,225 | 1,309,884 | ||||||
|
Series C, 5.00%, 03/15/25 |
65 | 69,504 | ||||||
|
Port Authority of New York & New Jersey RB |
||||||||
|
Series 189, 5.00%, 05/01/25 |
120 | 128,859 | ||||||
|
Series 205, 5.00%, 11/15/25 |
480 | 521,155 | ||||||
|
State of New York GO, Series-A, 5.00%, 03/15/25 |
50 | 53,651 | ||||||
|
Triborough Bridge & Tunnel Authority RB |
||||||||
|
Series A, 5.00%, 11/15/25 |
155 | 167,852 | ||||||
|
Series B, 5.00%, 11/15/25 |
380 | 411,508 | ||||||
|
Series C-1, 5.00%, 11/15/25 |
215 | 232,827 | ||||||
|
|
|
|||||||
| 16,897,925 | ||||||||
| North Carolina — 2.3% | ||||||||
|
City of Charlotte NC COP |
||||||||
|
5.00%, 12/01/25 |
50 | 54,371 | ||||||
|
Series B, 5.00%, 06/01/25 |
50 | 53,815 | ||||||
|
City of Charlotte NC GO, Series A, 5.00%, 07/01/25 |
85 | 91,805 | ||||||
|
City of Charlotte NC Water & Sewer System RB, 5.00%, 07/01/25 |
180 | 194,354 | ||||||
|
City of Charlotte NC Water & Sewer System Revenue RB, 5.00%, 07/01/25 |
355 | 383,309 | ||||||
| Security | Par (000) |
Value | ||||||
|
North Carolina (continued) |
||||||||
|
City of Raleigh NC GO, Series A, 5.00%, 09/01/25 |
$ | 245 | $ | 265,552 | ||||
|
County of Buncombe NC, 5.00%, 06/01/25 |
120 | 129,192 | ||||||
|
County of Durham NC GO, 5.00%, 10/01/25 |
275 | 298,594 | ||||||
|
County of Forsyth NC GO |
||||||||
|
5.00%, 03/01/25 |
185 | 198,400 | ||||||
|
5.00%, 07/01/25 |
55 | 59,403 | ||||||
|
5.00%, 12/01/25 |
200 | 217,913 | ||||||
|
County of Guilford NC GO, 5.00%, 03/01/25 |
350 | 375,351 | ||||||
|
County of Iredell NC RB, 5.00%, 12/01/25 |
25 | 27,150 | ||||||
|
County of Johnston NC GO, 4.00%, 02/01/25 |
140 | 145,794 | ||||||
|
County of Mecklenburg NC GO, 5.00%, 03/01/25 |
110 | 117,999 | ||||||
|
County of New Hanover NC GO, 5.00%, 08/01/25 |
100 | 108,198 | ||||||
|
County of Wake NC GO |
||||||||
|
Series A, 5.00%, 03/01/25 |
175 | 187,676 | ||||||
|
Series C, 5.00%, 03/01/25 |
170 | 182,313 | ||||||
|
County of Wake NC RB, 5.00%, 08/01/25 |
120 | 129,642 | ||||||
|
State of North Carolina GO |
||||||||
|
5.00%, 06/01/25 |
160 | 172,504 | ||||||
|
Series A, 5.00%, 06/01/25 |
185 | 199,514 | ||||||
|
Series B, 5.00%, 06/01/25 |
755 | 814,000 | ||||||
|
State of North Carolina RB |
||||||||
|
5.00%, 03/01/25 |
155 | 165,131 | ||||||
|
Series B, 5.00%, 05/01/25 |
125 | 134,153 | ||||||
|
|
|
|||||||
| 4,706,133 | ||||||||
| Ohio — 3.2% | ||||||||
|
American Municipal Power Inc. RB, Series-A, 5.00%, 02/15/25 |
105 | 112,058 | ||||||
|
City of Cincinnati OH GO, Series A, 4.00%, 12/01/25 |
150 | 157,792 | ||||||
|
City of Cleveland OH GO, 5.00%, 12/01/25 |
110 | 119,262 | ||||||
|
City of Columbus OH GO |
||||||||
|
5.00%, 04/01/25 |
175 | 187,752 | ||||||
|
Series 1, 5.00%, 07/01/25 |
500 | 539,238 | ||||||
|
Series A, 4.00%, 04/01/25 |
170 | 177,635 | ||||||
|
City of Columbus OH GOL, Series B, 4.00%, 07/01/25 |
35 | 36,688 | ||||||
|
City of Columbus OH RB, Series A, 5.00%, 07/01/25 |
125 | 134,810 | ||||||
|
Cleveland Department of Public Utilities Division of Water RB, 5.00%, 01/01/25 |
200 | 213,456 | ||||||
|
County of Franklin OH Sales Tax Revenue RB, 5.00%, 06/01/25 |
155 | 166,874 | ||||||
|
County of Hamilton OH Sales Tax Revenue RB, Series A, 5.00%, 12/01/25 |
115 | 124,273 | ||||||
|
Ohio State University (The) RB, 5.00%, 12/01/25 |
470 | 509,741 | ||||||
|
Ohio Water Development Authority RB |
||||||||
|
Series A, 5.00%, 06/01/25 |
125 | 134,575 | ||||||
|
Series A, 5.00%, 12/01/25 |
180 | 195,799 | ||||||
|
Ohio Water Development Authority Water Pollution Control Loan Fund RB |
||||||||
|
5.00%, 12/01/25 |
195 | 212,116 | ||||||
|
Series 2015-A, 5.00%, 12/01/25 |
375 | 407,915 | ||||||
|
Series B, 5.00%, 12/01/25 |
55 | 59,828 | ||||||
|
State of Ohio GO |
||||||||
|
5.00%, 08/01/25 |
455 | 491,114 | ||||||
|
5.00%, 08/01/25 (ETM) |
5 | 5,386 | ||||||
|
5.00%, 09/01/25 |
165 | 178,401 | ||||||
|
Series A, 5.00%, 06/15/25 |
250 | 269,134 | ||||||
|
Series A, 5.00%, 09/01/25 |
65 | 70,279 | ||||||
|
Series A, 5.00%, 09/15/25 |
95 | 102,797 | ||||||
|
Series A, 5.00%, 05/01/37 (Put 05/01/25) |
295 | 317,044 | ||||||
|
Series B, 5.00%, 09/01/25 |
195 | 210,838 | ||||||
|
Series B, 5.00%, 09/15/25 |
175 | 189,363 | ||||||
|
Series S, 5.00%, 05/01/25 |
50 | 53,706 | ||||||
| 64 |
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 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Ohio (continued) |
||||||||
|
Series V, 5.00%, 05/01/25 |
$ | 130 | $ | 139,636 | ||||
|
State of Ohio RB |
||||||||
|
5.00%, 04/01/25 |
250 | 267,489 | ||||||
|
Series A, 5.00%, 02/01/25 |
50 | 53,320 | ||||||
|
Series C, 5.00%, 12/01/25 |
145 | 157,209 | ||||||
|
Series-A, 5.00%, 06/01/25 |
430 | 461,615 | ||||||
|
|
|
|||||||
| 6,457,143 | ||||||||
| Oklahoma — 0.7% | ||||||||
|
City of Oklahoma City OK GO, 5.00%, 03/01/25 |
95 | 101,854 | ||||||
|
Grand River Dam Authority RB |
||||||||
|
Series A, 4.00%, 06/01/25 |
105 | 109,629 | ||||||
|
Series A, 5.00%, 06/01/25 |
335 | 359,630 | ||||||
|
Oklahoma Capitol Improvement Authority RB, Series A, 4.00%, 07/01/25 |
110 | 114,962 | ||||||
|
Oklahoma City Water Utilities Trust RB, 5.00%, 07/01/25 |
355 | 383,084 | ||||||
|
Oklahoma Turnpike Authority RB, Series E, 5.00%, 01/01/25 |
210 | 223,905 | ||||||
|
Oklahoma Water Resources Board RB, 5.00%, 04/01/25 |
175 | 187,701 | ||||||
|
|
|
|||||||
| 1,480,765 | ||||||||
| Oregon — 1.4% | ||||||||
|
City of Eugene OR Electric Utility System Revenue RB, Series A, 5.00%, 08/01/25 |
15 | 16,157 | ||||||
|
City of Portland OR Sewer System Revenue RB, Series A, 5.00%, 06/15/25 |
220 | 236,701 | ||||||
|
Clackamas & Washington Counties School District No. 3 GO, 5.00%, 06/15/29( 06/15/25) (GTD) |
300 | 322,323 | ||||||
|
Multnomah County School District No. 1 Portland/OR GO |
||||||||
|
5.00%, 06/15/25 (GTD) |
100 | 107,747 | ||||||
|
Series B, 5.00%, 06/15/25 (GTD) |
150 | 161,621 | ||||||
|
Portland Community College District GO, 5.00%, 06/15/25 |
280 | 301,255 | ||||||
|
Salem-Keizer School District No. 24J GO, Series-B, 5.00%, 06/15/25 (GTD) |
275 | 295,876 | ||||||
|
State of Oregon Department of Transportation RB |
||||||||
|
Series A, 5.00%, 11/15/25 |
250 | 271,700 | ||||||
|
Series C, 5.00%, 11/15/25 |
100 | 108,680 | ||||||
|
State of Oregon GO |
||||||||
|
5.00%, 05/01/25 |
505 | 542,585 | ||||||
|
Series H, 5.00%, 08/01/25 |
195 | 210,605 | ||||||
|
Series L, 5.00%, 08/01/25 |
185 | 199,804 | ||||||
|
|
|
|||||||
| 2,775,054 | ||||||||
| Pennsylvania — 2.6% | ||||||||
|
City of Philadelphia PA GO, Series A, 5.00%, 08/01/25 |
255 | 273,836 | ||||||
|
City of Philadelphia PA Water & Wastewater Revenue RB |
||||||||
|
5.00%, 10/01/25 |
600 | 650,452 | ||||||
|
Series B, 5.00%, 11/01/25 |
125 | 135,744 | ||||||
|
Commonwealth of Pennsylvania GO |
||||||||
|
5.00%, 07/15/25 |
70 | 75,465 | ||||||
|
5.00%, 09/15/25 (AGM) |
20 | 21,696 | ||||||
|
First Series, 5.00%, 01/01/25 |
280 | 298,540 | ||||||
|
First Series, 5.00%, 02/01/25 (AGM) |
220 | 235,516 | ||||||
|
First Series, 5.00%, 08/15/25 |
360 | 388,765 | ||||||
|
First Series, 5.00%, 09/15/25 |
610 | 659,860 | ||||||
|
Second Series, 5.00%, 09/15/25 |
490 | 530,052 | ||||||
|
Series D, 5.00%, 08/15/25 |
100 | 107,990 | ||||||
|
County of Bucks PA GO, 5.00%, 06/01/25 |
140 | 150,724 | ||||||
|
Delaware County Authority RB, 5.00%, 12/01/25 |
60 | 64,817 | ||||||
|
Delaware River Joint Toll Bridge Commission RB, 5.00%, 07/01/25 |
100 | 107,595 | ||||||
|
Delaware River Port Authority RB, Series B, 5.00%, 01/01/25 |
220 | 234,450 | ||||||
|
Pennsylvania State University (The) RB, 5.25%, 08/15/25 |
200 | 216,956 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Pennsylvania (continued) |
||||||||
|
Pennsylvania Turnpike Commission RB |
||||||||
|
Series A, 5.00%, 12/01/25 |
$ | 410 | $ | 444,667 | ||||
|
Series A2, 5.00%, 12/01/25 |
460 | 498,895 | ||||||
|
Series B, 5.00%, 06/01/25 |
170 | 181,147 | ||||||
|
|
|
|||||||
| 5,277,167 | ||||||||
| Rhode Island — 0.6% | ||||||||
|
Rhode Island Commerce Corp., 5.00%, 06/15/25 |
190 | 202,421 | ||||||
|
Rhode Island Commerce Corp. RB, Series B, 5.00%, 06/15/25 |
425 | 452,784 | ||||||
|
Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund RB |
||||||||
|
5.00%, 10/01/25 |
130 | 141,065 | ||||||
|
Series B, 5.00%, 10/01/25 |
135 | 146,490 | ||||||
|
State of Rhode Island GO |
||||||||
|
5.00%, 01/15/25 |
200 | 213,847 | ||||||
|
Series A, 5.00%, 08/01/25 |
80 | 86,532 | ||||||
|
|
|
|||||||
| 1,243,139 | ||||||||
| South Carolina — 0.5% | ||||||||
|
City of Columbia SC Waterworks & Sewer System Revenue RB, Series B, 5.00%, 02/01/25 |
265 | 283,325 | ||||||
|
County of Charleston SC GO, 5.00%, 11/01/25 (SAW) |
260 | 282,895 | ||||||
|
Fort Mill School District No. 4 GO, Series A, 5.00%, 03/01/25, (SCSDE) |
100 | 107,101 | ||||||
|
South Carolina Transportation Infrastructure Bank RB, Series-B, 5.00%, 10/01/25 |
120 | 129,599 | ||||||
|
State of South Carolina GO, 5.00%, 04/01/25 |
125 | 134,255 | ||||||
|
|
|
|||||||
| 937,175 | ||||||||
| Tennessee — 2.3% | ||||||||
|
City of Memphis TN Electric System Revenue RB, 5.00%, 12/01/25 |
50 | 54,353 | ||||||
|
City of Memphis TN GO, Series A, 5.00%, 12/01/25 |
210 | 228,057 | ||||||
|
City of Memphis TN Sanitary Sewerage System Revenue RB, 5.00%, 10/01/25 |
200 | 216,817 | ||||||
|
County of Blount TN GO, 5.00%, 06/01/25 |
485 | 521,405 | ||||||
|
County of Hamilton TN GO |
||||||||
|
4.00%, 03/01/25 |
335 | 349,403 | ||||||
|
Series A, 5.00%, 04/01/25 |
150 | 161,018 | ||||||
|
County of Montgomery TN GO, 5.00%, 04/01/25 |
130 | 139,283 | ||||||
|
County of Shelby TN GO |
||||||||
|
5.00%, 04/01/25 |
460 | 493,056 | ||||||
|
Series A, 5.00%, 04/01/25 |
135 | 144,680 | ||||||
|
County of Sumner TN GO, 5.00%, 12/01/25 |
150 | 163,112 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Electric Revenue RB, Series A, 5.00%, 05/15/25 |
145 | 155,786 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN GO |
||||||||
|
5.00%, 01/01/25 |
425 | 453,028 | ||||||
|
5.00%, 07/01/25 |
350 | 376,913 | ||||||
|
Series A, 5.00%, 07/01/25 |
160 | 172,303 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB |
||||||||
|
5.00%, 07/01/25 |
45 | 48,474 | ||||||
|
Series B, 5.00%, 07/01/25 |
105 | 113,107 | ||||||
|
State of Tennessee GO, Series A, 5.00%, 08/01/25 |
180 | 194,756 | ||||||
|
Tennessee State School Bond Authority RB |
||||||||
|
5.00%, 11/01/25 (ST HGR ED INTERCEPT PROG) |
125 | 135,090 | ||||||
|
Series A, 5.00%, 11/01/25 (NPFGC) |
280 | 302,602 | ||||||
|
Series B, 5.00%, 11/01/25 |
260 | 280,987 | ||||||
|
|
|
|||||||
| 4,704,230 | ||||||||
|
S C H E D U L E O F I N V E S T M E N T S |
65 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Texas — 10.2% |
||||||||
|
Alamo Regional Mobility Authority RB, 5.00%, 06/15/25 |
$ | 180 | $ | 193,272 | ||||
|
Aldine Independent School District GOL, 5.00%, 02/15/25 |
200 | 213,834 | ||||||
|
Alvin Independent School District/TX GO, 5.00%, 02/15/25 (PSF) |
230 | 246,101 | ||||||
|
Arlington Independent School District/TX GO |
||||||||
|
5.00%, 02/15/25 (PSF) |
35 | 37,353 | ||||||
|
Series B, 5.00%, 02/15/25 (PSF) |
100 | 106,722 | ||||||
|
Austin Independent School District GO |
||||||||
|
5.00%, 08/01/25 (PSF) |
380 | 408,930 | ||||||
|
Series B, 5.00%, 08/01/25 (PSF) |
160 | 172,181 | ||||||
|
Birdville Independent School District GO, Series B, 5.00%, 02/15/25 (PSF) |
80 | 85,511 | ||||||
|
Board of Regents of the University of Texas System RB, Series C, 5.00%, 08/15/25 |
200 | 215,587 | ||||||
|
Central Texas Regional Mobility Authority RB, 5.00%, 01/01/25 |
135 | 141,587 | ||||||
|
City of Arlington TX GOL, 5.00%, 08/15/25 |
85 | 91,960 | ||||||
|
City of Austin TX GOL, 5.00%, 09/01/25 |
240 | 258,934 | ||||||
|
City of Austin TX Water & Wastewater System Revenue RB, 5.00%, 11/15/25 |
220 | 238,319 | ||||||
|
City of Austin/TX GOL, 5.00%, 09/01/25 |
235 | 253,539 | ||||||
|
City of Dallas TX Waterworks & Sewer System Revenue RB |
||||||||
|
5.00%, 10/01/25 |
225 | 243,996 | ||||||
|
Series A, 5.00%, 10/01/25 |
100 | 108,443 | ||||||
|
City of Frisco TX GOL, 5.00%, 02/15/25 |
90 | 96,175 | ||||||
|
City of Houston TX Airport System Revenue RB, Series D, 5.00%, 07/01/25 |
65 | 69,405 | ||||||
|
City of Houston TX Combined Utility System Revenue RB |
||||||||
|
Series A, 0.00%, 12/01/25 (AGM)(a) |
20 | 18,136 | ||||||
|
Series B, 5.00%, 11/15/25 |
300 | 324,770 | ||||||
|
Series D, 5.00%, 11/15/25 |
225 | 243,974 | ||||||
|
City of McKinney TX Waterworks & Sewer System Revenue RB, 5.00%, 03/15/25 |
15 | 16,027 | ||||||
|
City of Plano TX GOL |
||||||||
|
5.00%, 09/01/25 |
170 | 184,034 | ||||||
|
Series A, 5.00%, 09/01/25 |
95 | 102,842 | ||||||
|
City of San Antonio TX Electric & Gas Systems Revenue RB |
||||||||
|
5.00%, 02/01/25 |
510 | 541,631 | ||||||
|
Series ETM, 5.00%, 02/01/25 (ETM) |
50 | 53,389 | ||||||
|
City of San Antonio TX GOL, 5.00%, 08/01/25 |
450 | 485,426 | ||||||
|
Clear Creek Independent School District GO, 5.00%, 02/15/25 (PSF) |
120 | 128,401 | ||||||
|
County of Bexar TX GOL, 5.00%, 06/15/25 |
70 | 75,314 | ||||||
|
County of Bexar TX RB, 5.00%, 06/15/25 |
260 | 279,737 | ||||||
|
County of Denton TX GOL, 5.00%, 05/15/25 |
130 | 139,394 | ||||||
|
County of Fort Bend TX GO, Series A, 5.00%, 03/01/25 |
100 | 106,960 | ||||||
|
County of Harris TX GOL, Series B, 5.00%, 10/01/25 |
390 | 422,128 | ||||||
|
County of Harris TX RB |
||||||||
|
5.00%, 08/15/25 |
175 | 188,926 | ||||||
|
Series A, 5.00%, 08/15/25 |
370 | 399,443 | ||||||
|
County of Montgomery TX GO, Series A, 5.00%, 03/01/25 |
100 | 106,818 | ||||||
|
Cypress-Fairbanks Independent School District GO, 5.00%, 02/15/25 (PSF) |
225 | 240,312 | ||||||
|
Dallas Area Rapid Transit RB, 5.00%, 12/01/25 |
165 | 178,893 | ||||||
|
Dallas Fort Worth International Airport RB, 5.00%, 11/01/25 |
230 | 247,051 | ||||||
|
Dallas Independent School District GO, Series A, 5.00%, 02/15/25 (PSF) |
390 | 416,977 | ||||||
|
Denton Independent School District GO, 5.00%, 08/15/25 (PSF) |
290 | 312,981 | ||||||
|
Fort Worth Independent School District GO, 5.00%, 02/15/25 (PSF) |
395 | 422,212 | ||||||
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Frisco Independent School District GO, Series A, 5.00%, 08/15/25 (PSF) |
$ | 300 | $ | 324,070 | ||||
|
Grapevine-Colleyville Independent School District GO, 0.00%, 08/15/25 (PSF)(a) |
200 | 184,267 | ||||||
|
Judson Independent School District GO, 5.00%, 02/01/25 (PSF) |
135 | 144,261 | ||||||
|
Katy Independent School District GO |
||||||||
|
Series A, 5.00%, 02/15/25 (PSF) |
105 | 112,263 | ||||||
|
Series D, 5.00%, 02/15/25 (PSF) |
35 | 37,421 | ||||||
|
Keller Independent School District/TX GO, Series A, 5.00%, 02/15/25 (PSF) |
105 | 112,351 | ||||||
|
Killeen Independent School District GO, 5.00%, 02/15/25 (PSF) |
65 | 69,532 | ||||||
|
Klein Independent School District GO, Series A, 5.00%, 08/01/25 (PSF) |
40 | 43,149 | ||||||
|
Leander Independent School District GO |
||||||||
|
0.00%, 08/15/25 (PSF)(a) |
330 | 300,320 | ||||||
|
Series A, 5.00%, 08/15/25 (PSF) |
125 | 135,070 | ||||||
|
Series B, 0.00%, 08/15/25(a) |
100 | 90,859 | ||||||
|
Lewisville Independent School District GO |
||||||||
|
5.00%, 08/15/25 (PSF) |
230 | 247,925 | ||||||
|
Series B, 5.00%, 08/15/25 |
130 | 140,558 | ||||||
|
Lone Star College System GOL |
||||||||
|
5.00%, 02/15/25 |
175 | 187,203 | ||||||
|
Series B, 5.00%, 02/15/25 |
270 | 288,827 | ||||||
|
Lower Colorado River Authority RB |
||||||||
|
5.00%, 05/15/25 |
65 | 69,324 | ||||||
|
Series D, 5.00%, 05/15/25 |
130 | 138,649 | ||||||
|
Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue, Series B, 5.00%, 11/01/25 |
125 | 135,439 | ||||||
|
Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue RB |
||||||||
|
5.00%, 11/01/25 |
220 | 238,372 | ||||||
|
Series-A, 5.00%, 11/01/25 |
110 | 119,186 | ||||||
|
North East Independent School District/TX GO, 5.00%, 08/01/25 (PSF) |
305 | 329,011 | ||||||
|
North Texas Municipal Water District RB, 5.00%, 06/01/25 |
200 | 214,061 | ||||||
|
North Texas Municipal Water District Upper East Fork Wastewater Interceptor System, 5.00%, 06/01/25 |
25 | 26,877 | ||||||
|
North Texas Municipal Water District Water System Revenue RB, 5.00%, 09/01/25 |
605 | 653,734 | ||||||
|
North Texas Tollway Authority RB, Series A, 5.00%, 01/01/25 |
205 | 217,267 | ||||||
|
Northside Independent School District GO, Series A, 5.00%, 08/15/25 (PSF) |
85 | 91,820 | ||||||
|
Northwest Independent School District, 5.00%, 02/15/28 (PR 02/15/25) |
45 | 48,154 | ||||||
|
Northwest Independent School District GO, Series B, 5.00%, 02/15/25 (PSF) |
40 | 42,733 | ||||||
|
Permanent University Fund - Texas A&M University System RB, Series A, 5.00%, 07/01/25 |
215 | 231,260 | ||||||
|
Permanent University Fund - University of Texas System RB |
||||||||
|
Series A, 5.00%, 07/01/25 |
215 | 231,736 | ||||||
|
Series B, 5.00%, 07/01/25 |
115 | 123,988 | ||||||
|
Rockwall Independent School District GO, 5.00%, 02/15/25 (PSF) |
110 | 117,547 | ||||||
|
Round Rock Independent School District GO |
||||||||
|
5.00%, 08/01/25 (PSF) |
60 | 64,704 | ||||||
|
Series A, 5.00%, 08/01/25 (PSF) |
120 | 129,408 | ||||||
| 66 |
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 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
San Antonio Independent School District/TX GO |
||||||||
|
5.00%, 02/15/25 (PSF) |
$ | 290 | $ | 310,221 | ||||
|
5.00%, 08/15/25 (PSF) |
170 | 183,751 | ||||||
|
San Antonio Water System RB |
||||||||
|
Series A, 5.00%, 05/15/25 |
125 | 134,260 | ||||||
|
Series C, 5.00%, 05/15/25 |
70 | 75,186 | ||||||
|
Spring Independent School District GO, 5.00%, 08/15/25 (PSF) |
215 | 232,321 | ||||||
|
State of Texas GO |
||||||||
|
5.00%, 04/01/25 |
245 | 262,638 | ||||||
|
5.00%, 10/01/25 |
125 | 135,383 | ||||||
|
Series A, 5.00%, 04/01/25 |
155 | 166,159 | ||||||
|
Series A, 5.00%, 08/01/25 |
380 | 410,162 | ||||||
|
Tarrant Regional Water District Water Supply System Revenue RB, 5.00%, 03/01/25 |
135 | 144,548 | ||||||
|
Texas A&M University RB, Series C, 5.00%, 05/15/25 |
195 | 209,210 | ||||||
|
Texas State Technical College RB, 4.00%, 10/15/25 |
100 | 105,307 | ||||||
|
Texas State University System RB, 5.00%, 03/15/25 |
320 | 342,449 | ||||||
|
Texas Tech University System, 5.00%, 02/15/25 |
210 | 223,766 | ||||||
|
Texas Transportation Commission State Highway Fund RB |
||||||||
|
5.25%, 04/01/25 |
285 | 307,092 | ||||||
|
First Series, 5.00%, 10/01/25 |
50 | 54,068 | ||||||
|
Series A, 5.00%, 10/01/25 |
725 | 783,984 | ||||||
|
Texas Water Development Board RB |
||||||||
|
Series A, 5.00%, 04/15/25 |
125 | 133,958 | ||||||
|
Series A, 5.00%, 10/15/25 |
215 | 232,747 | ||||||
|
Series B, 5.00%, 04/15/25 |
175 | 187,541 | ||||||
|
Series B, 5.00%, 10/15/25 |
635 | 687,413 | ||||||
|
Tyler Independent School District GO, 5.00%, 02/15/25 (PSF) |
175 | 187,007 | ||||||
|
University of North Texas System RB, Series A, 5.00%, 04/15/25 |
100 | 106,872 | ||||||
|
University of Texas System (The) RB |
||||||||
|
5.00%, 08/15/25 |
145 | 156,300 | ||||||
|
Series E, 5.00%, 08/15/25 |
115 | 123,962 | ||||||
|
Series H, 5.00%, 08/15/25 |
75 | 80,845 | ||||||
|
|
|
|||||||
| 20,436,121 | ||||||||
| Utah — 1.3% | ||||||||
|
Davis School District GO, Series B, 5.00%, 06/01/25 |
40 | 43,077 | ||||||
|
Ogden City School District GO, 5.00%, 06/15/25 (GTD) |
110 | 118,282 | ||||||
|
State of Utah GO |
||||||||
|
5.00%, 07/01/25 |
595 | 642,636 | ||||||
|
5.00%, 07/01/25 (PR 01/01/25) |
200 | 213,456 | ||||||
|
University of Utah (The) RB |
||||||||
|
4.00%, 08/01/25 |
250 | 261,137 | ||||||
|
Series A, 4.00%, 08/01/25 |
75 | 78,341 | ||||||
|
Series A, 5.00%, 08/01/25 |
110 | 118,660 | ||||||
|
Series B1, 5.00%, 08/01/25 (SAP) |
75 | 80,904 | ||||||
|
Utah State Building Ownership Authority RB, 5.00%, 05/15/25 |
460 | 494,078 | ||||||
|
Utah Transit Authority RB, 5.00%, 06/15/35( 06/15/25) |
295 | 317,871 | ||||||
|
Utah Water Finance Agency RB, Series A, 5.00%, 03/01/25 |
190 | 203,223 | ||||||
|
|
|
|||||||
| 2,571,665 | ||||||||
| Vermont — 0.1% | ||||||||
|
University of Vermont & State Agricultural College RB, 5.00%, 10/01/25 |
40 | 43,173 | ||||||
|
Vermont Municipal Bond Bank RB, Series 5, 5.00%, 12/01/25 |
115 | 125,135 | ||||||
|
|
|
|||||||
| 168,308 | ||||||||
| Virginia — 4.0% | ||||||||
|
City of Alexandria VA GO, Series D, 5.00%, 07/01/25 (SAW) |
140 | 151,120 | ||||||
|
City of Charlottesville VA GO, 4.00%, 07/15/25 (SAW) |
125 | 130,934 | ||||||
| Security | Par (000) |
Value | ||||||
|
Virginia (continued) |
||||||||
|
City of Norfolk VA GO, Series A, 5.00%, 10/01/25 |
$ | 145 | $ | 157,143 | ||||
|
City of Norfolk VA Water Revenue RB, Series B, 5.00%, 11/01/25 |
125 | 135,439 | ||||||
|
City of Richmond VA GO, Series B, 5.00%, 07/15/25 (SAW) |
35 | 37,800 | ||||||
|
City of Richmond VA Public Utility Revenue RB, 5.00%, 01/15/25 |
100 | 106,869 | ||||||
|
City of Virginia Beach VA Water & Sewer System Revenue RB, 5.00%, 10/01/25 |
100 | 108,409 | ||||||
|
Commonwealth of Virginia GO, Series B, 5.00%, 06/01/25 |
75 | 80,676 | ||||||
|
County of Arlington VA GO |
||||||||
|
Series A, 5.00%, 08/01/25 (SAW) |
50 | 54,050 | ||||||
|
Series B, 5.00%, 08/15/25 |
75 | 81,141 | ||||||
|
County of Chesterfield VA Water & Sewer Revenue RB, 5.00%, 11/01/25 |
200 | 217,541 | ||||||
|
County of Fairfax VA GO, Series A, 5.00%, 10/01/25 (SAW) |
175 | 189,715 | ||||||
|
County of Henrico VA GO |
||||||||
|
5.00%, 07/15/25 |
50 | 53,903 | ||||||
|
Series A, 5.00%, 08/01/25 (SAW) |
550 | 593,476 | ||||||
|
Fairfax County Industrial Development Authority RB, 5.00%, 05/15/25 |
285 | 304,820 | ||||||
|
Hampton Roads Sanitation District RB, Series A, 4.00%, 08/01/25 |
65 | 68,206 | ||||||
|
Loudoun County Sanitation Authority RB, 5.00%, 01/01/25 |
35 | 37,392 | ||||||
|
Virginia Beach Development Authority RB, 5.00%, 04/01/25 |
150 | 160,624 | ||||||
|
Virginia College Building Authority RB |
||||||||
|
5.00%, 09/01/25 |
525 | 567,115 | ||||||
|
Series A, 5.00%, 02/01/25 |
100 | 106,695 | ||||||
|
Series A, 5.00%, 02/01/28 (PR 02/01/25) |
125 | 133,644 | ||||||
|
Series A, 5.00%, 02/01/30 (PR 02/01/25) |
300 | 320,745 | ||||||
|
Series B, 5.00%, 09/01/25 |
255 | 275,456 | ||||||
|
Series E, 5.00%, 02/01/25 |
410 | 437,450 | ||||||
|
Virginia Commonwealth Transportation Board RB |
||||||||
|
5.00%, 03/15/25 |
845 | 904,280 | ||||||
|
5.00%, 05/15/25 |
30 | 32,213 | ||||||
|
5.00%, 09/15/25 |
130 | 140,538 | ||||||
|
Series A, 5.00%, 05/15/25 |
255 | 273,814 | ||||||
|
Virginia Public Building Authority RB |
||||||||
|
5.00%, 08/01/25 |
140 | 150,568 | ||||||
|
Series A, 5.00%, 08/01/25 |
170 | 182,832 | ||||||
|
Series B, 5.00%, 08/01/25 |
445 | 478,590 | ||||||
|
Virginia Public School Authority RB |
||||||||
|
5.00%, 03/01/25 (SAW) |
240 | 257,017 | ||||||
|
5.00%, 08/01/25 (SAW) |
50 | 54,001 | ||||||
|
Series A, 5.00%, 08/01/25 |
200 | 215,680 | ||||||
|
Series B, 5.00%, 08/01/25 |
255 | 274,992 | ||||||
|
Series C, 5.00%, 08/01/25 |
110 | 118,624 | ||||||
|
Virginia Resources Authority RB |
||||||||
|
5.00%, 11/01/25 |
410 | 444,117 | ||||||
|
Series C, 5.00%, 11/01/25 |
30 | 32,558 | ||||||
|
Series D, 4.00%, 11/01/25 |
55 | 57,763 | ||||||
|
|
|
|||||||
| 8,127,950 | ||||||||
| Washington — 5.2% | ||||||||
|
Central Puget Sound Regional Transit Authority RB |
||||||||
|
5.00%, 11/01/25 |
150 | 162,631 | ||||||
|
Series S-1, 5.00%, 11/01/25 |
410 | 444,525 | ||||||
|
Central Puget Sound Regional Transit Authority Sales & Rental Car Taxes Revenue RB, SERIES S-1, 5.00%, 11/01/30 (Put 11/01/25) |
290 | 314,420 | ||||||
|
City of Seattle WA Drainage & Wastewater Revenue RB, 5.00%, 07/01/25 |
90 | 96,920 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
67 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2025 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par |
Value | ||||||
|
Washington (continued) |
||||||||
|
City of Seattle WA GOL |
||||||||
|
5.00%, 06/01/25 |
$ | 255 | $ | 274,534 | ||||
|
5.00%, 12/01/25 |
335 | 364,404 | ||||||
|
City of Seattle WA Municipal Light & Power Revenue RB |
||||||||
|
Series B, 5.00%, 02/01/25 |
80 | 85,422 | ||||||
|
Series B, 5.00%, 04/01/25 |
115 | 123,212 | ||||||
|
Series C, 5.00%, 09/01/25 |
225 | 243,124 | ||||||
|
Series-A, 5.00%, 07/01/25 |
135 | 145,381 | ||||||
|
City of Seattle WA Water System Revenue RB |
||||||||
|
5.00%, 05/01/25 |
300 | 322,237 | ||||||
|
5.00%, 08/01/25 |
225 | 242,932 | ||||||
|
City of Tacoma WA Electric System Revenue RB, 5.00%, 01/01/25 |
105 | 111,925 | ||||||
|
City of Vancouver WA GOL, Series B, 5.00%, 12/01/25 |
140 | 152,288 | ||||||
|
Clark County Public Utility District No. 1 RB, 5.00%, 01/01/25 |
185 | 197,014 | ||||||
|
Clark County School District No. 114 Evergreen GO, 5.00%, 12/01/25 |
235 | 255,374 | ||||||
|
Clark County School District No. 122 Ridgefield GO, 5.00%, 12/01/25 |
55 | 59,729 | ||||||
|
County of King WA GOL |
||||||||
|
5.00%, 07/01/25 |
70 | 75,493 | ||||||
|
5.00%, 12/01/25 |
180 | 195,799 | ||||||
|
County of King WA Sewer Revenue, 5.00%, 01/01/25 |
200 | 213,190 | ||||||
|
County of King WA Sewer Revenue RB, Series-B, 5.00%, 07/01/25 |
150 | 161,534 | ||||||
|
County of Kitsap WA GOL, 5.00%, 06/01/25 |
70 | 75,362 | ||||||
|
County of Pierce WA GO, 5.00%, 08/01/25 |
130 | 140,234 | ||||||
|
County of Pierce WA GOL, Series A, 5.00%, 07/01/25 |
50 | 53,845 | ||||||
|
County of Spokane WA GOL, Series B, 5.00%, 12/01/25 |
115 | 124,888 | ||||||
|
Energy Northwest RB |
||||||||
|
Series A, 5.00%, 07/01/25 |
485 | 522,293 | ||||||
|
Series C, 5.00%, 07/01/25 |
800 | 861,515 | ||||||
|
King County School District No. 405 Bellevue GO, 5.00%, 12/01/25 (GTD) |
110 | 119,734 | ||||||
|
Kitsap County School District No. 401 Central Kitsap GO, 5.00%, 12/01/25 |
130 | 141,411 | ||||||
|
Pierce County School District No 10 Tacoma GO, 5.00%, 12/01/25 |
250 | 271,943 | ||||||
|
Pierce County School District No 402 Franklin Pierce GO, 5.00%, 12/01/25 |
105 | 114,216 | ||||||
|
Port of Seattle WA RB, 4.00%, 02/01/25 |
130 | 135,205 | ||||||
|
Port of Tacoma WA RB, Series A, 4.00%, 12/01/25 |
115 | 120,571 | ||||||
|
Snohomish County School District No. 201 Snohomish GO, 5.00%, 12/01/25, (SCH BD GTY) |
125 | 135,882 | ||||||
|
Snohomish County School District No. 4 Lake Stevens GO, 5.00%, 12/01/25 |
50 | 54,389 | ||||||
|
Spokane County School District No. 356 Central Valley GO, 5.00%, 12/01/25 |
50 | 54,389 | ||||||
|
State of Washington COP |
||||||||
|
5.00%, 01/01/25 |
175 | 185,843 | ||||||
|
5.00%, 07/01/25 (ST INTERCEPT) |
280 | 300,205 | ||||||
|
Series C, 5.00%, 07/01/25 |
45 | 48,247 | ||||||
|
State of Washington GO |
||||||||
|
5.00%, 02/01/25 |
240 | 256,266 | ||||||
|
Series A, 5.00%, 08/01/25 |
145 | 156,415 | ||||||
| Security | Par/ Shares (000) |
Value | ||||||
|
Washington (continued) |
||||||||
|
Series A-1, 5.00%, 08/01/25 |
$ | 120 | $ | 129,447 | ||||
|
Series B, 5.00%, 06/01/25 |
135 | 145,133 | ||||||
|
Series B, 5.00%, 08/01/25 |
100 | 107,872 | ||||||
|
Series D, 5.00%, 02/01/25 |
35 | 37,372 | ||||||
|
Series D, 5.00%, 06/01/25 |
750 | 806,296 | ||||||
|
Series F, 0.00%, 12/01/25 (AMBAC)(a) |
240 | 217,785 | ||||||
|
Series R-2018C, 5.00%, 08/01/25 |
110 | 118,660 | ||||||
|
Series R-2018D, 5.00%, 08/01/25 |
250 | 269,681 | ||||||
|
University of Washington RB |
||||||||
|
5.00%, 04/01/25 |
155 | 165,708 | ||||||
|
Series B, 4.00%, 06/01/25 |
235 | 244,792 | ||||||
|
|
|
|||||||
| 10,357,687 | ||||||||
| West Virginia — 0.5% | ||||||||
|
State of West Virginia GO |
||||||||
|
5.00%, 06/01/25 |
115 | 123,774 | ||||||
|
Series A, 5.00%, 06/01/25 |
425 | 457,425 | ||||||
|
West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/25 |
165 | 178,017 | ||||||
|
West Virginia State School Building Authority Lottery Revenue RB, Series A, 5.00%, 07/01/25 |
170 | 182,803 | ||||||
|
|
|
|||||||
| 942,019 | ||||||||
| Wisconsin — 1.3% | ||||||||
|
State of Wisconsin Environmental Improvement Fund Revenue RB, Series A, 5.00%, 06/01/25 |
660 | 710,558 | ||||||
|
State of Wisconsin GO |
||||||||
|
Series 2, 4.00%, 11/01/25 |
120 | 126,111 | ||||||
|
Series 2, 5.00%, 11/01/25 |
560 | 607,156 | ||||||
|
Series A, 5.00%, 05/01/25 |
245 | 262,940 | ||||||
|
Series B, 5.00%, 05/01/25 |
250 | 268,306 | ||||||
|
State of Wisconsin RB, Series A, 5.00%, 05/01/25 |
110 | 117,923 | ||||||
|
Wisconsin Department of Transportation RB |
||||||||
|
Series 1, 5.00%, 07/01/25 |
235 | 253,442 | ||||||
|
Series 2, 5.00%, 07/01/25 |
335 | 361,289 | ||||||
|
|
|
|||||||
| 2,707,725 | ||||||||
|
|
|
|||||||
|
Total
Municipal Debt Obligations — 98.4% |
197,845,943 | |||||||
|
|
|
|||||||
|
Short-Term Investments |
||||||||
|
Money Market Funds — 0.3% |
||||||||
|
BlackRock
Liquidity Funds: MuniCash, |
525 | 525,124 | ||||||
|
|
|
|||||||
|
Total
Short-Term Investments — 0.3% |
525,124 | |||||||
|
|
|
|||||||
|
Total
Investments in Securities — 98.7% |
198,371,067 | |||||||
|
Other Assets, Less Liabilities — 1.3% |
2,608,114 | |||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 200,979,181 | ||||||
|
|
|
|||||||
| (a) |
Zero-coupon bond. |
| (b) |
Affiliate of the Fund. |
| (c) |
Annualized 7-day yield as of period end. |
| 68 |
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 2025 Term Muni Bond ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | Value
at 10/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value
at 04/30/22 |
Shares Held at 04/30/22 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Liquidity Funds: MuniCash |
$ | 160,825 | $ | 364,767 | (a) | $ | — | $ | (521 | ) | $ | 53 | $ | 525,124 | 525 | $ | 554 | $ | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
|
||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
|
||||||||||||||||
|
Investments |
||||||||||||||||
|
Assets |
||||||||||||||||
|
Municipal Debt Obligations |
$ | — | $ | 197,845,943 | $ | — | $ | 197,845,943 | ||||||||
|
Money Market Funds |
525,124 | — | — | 525,124 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 525,124 | $ | 197,845,943 | $ | — | $ | 198,371,067 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
|
S C H E D U L E O F I N V E S T M E N T S |
69 |
|
Schedule of Investments (unaudited) April 30, 2022 |
iShares® iBonds® Dec 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Municipal Debt Obligations |
||||||||
|
Alabama — 1.2% |
||||||||
|
Alabama Federal Aid Highway Finance Authority RB |
||||||||
|
5.00%, 09/01/26 |
$ | 100 | $ | 110,151 | ||||
|
Series B, 5.00%, 09/01/26 |
365 | 402,052 | ||||||
|
Alabama Highway Finance Corp., 5.00%, 08/01/26 |
90 | 98,796 | ||||||
|
Alabama Public School and College Authority RB |
||||||||
|
Series B, 5.00%, 01/01/26 (Call 07/01/24) |
265 | 279,198 | ||||||
|
Series C, 5.00%, 06/01/26 (Call 12/01/24) |
150 | 159,424 | ||||||
|
Black Belt Energy Gas District RB, VRDN,4.00%, 10/01/52 (Put 12/01/26)(a) |
300 | 304,888 | ||||||
|
State of Alabama GO |
||||||||
|
5.00%, 11/01/26 (Call 02/01/26) |
100 | 108,998 | ||||||
|
Series C, 5.00%, 08/01/27 (Call 08/01/26) |
210 | 230,866 | ||||||
|
University of Alabama (The) RB, Series C, 5.00%, 07/01/26 |
110 | 120,571 | ||||||
|
|
|
|||||||
| 1,814,944 | ||||||||
| Arizona — 2.1% | ||||||||
|
Arizona Department of Transportation State Highway Fund Revenue RB, 5.00%, 07/01/26 |
215 | 235,663 | ||||||
|
Arizona State University RB |
||||||||
|
Series A, 5.00%, 07/01/26 |
25 | 27,268 | ||||||
|
Series B, 5.00%, 07/01/29 (Call 07/01/26) |
100 | 109,445 | ||||||
|
Arizona Transportation Board RB, Series A, 5.00%, 07/01/26 |
430 | 470,436 | ||||||
|
City of Phoenix AZ GO |
||||||||
|
4.00%, 07/01/26 |
100 | 105,931 | ||||||
|
5.00%, 07/01/26 |
480 | 527,326 | ||||||
|
5.00%, 07/01/27 (Call 07/01/26) |
185 | 203,086 | ||||||
|
City of Phoenix Civic Improvement Corp. RB |
||||||||
|
5.00%, 07/01/27 (Call 07/01/26) |
170 | 186,268 | ||||||
|
5.00%, 07/01/29 (Call 07/01/26) |
305 | 333,177 | ||||||
|
5.00%, 07/01/30 (Call 07/01/26) |
200 | 218,312 | ||||||
|
5.50%, 07/01/26 (NPFGC) |
40 | 44,462 | ||||||
|
City of Tucson AZ Water System Revenue RB, 5.00%, 07/01/26 |
100 | 109,818 | ||||||
|
Salt River Project Agricultural Improvement & Power District RB |
||||||||
|
5.00%, 01/01/26 |
140 | 152,286 | ||||||
|
Series A, 5.00%, 01/01/26 |
195 | 212,112 | ||||||
|
State of Arizona Lottery Revenue RB, 5.00%, 07/01/26 |
100 | 109,818 | ||||||
|
University of Arizona (The) RB, Series A, 4.00%, 06/01/28 (Call 06/01/26) |
160 | 167,753 | ||||||
|
|
|
|||||||
| 3,213,161 | ||||||||
| Arkansas — 0.0% | ||||||||
|
State of Arkansas GO, 5.00%, 10/01/26 (Call 10/01/24) |
20 | 21,217 | ||||||
|
|
|
|||||||
| California — 14.9% | ||||||||
|
Alvord Unified School District GO, Series B, 0.00%, 08/01/26 (AGM)(b) |
55 | 48,319 | ||||||
|
Anaheim Housing & Public Improvements Authority RB, 5.00%, 10/01/26 |
500 | 549,174 | ||||||
|
Beverly Hills Unified School District CA GO, 0.00%, 08/01/26(b) |
100 | 88,665 | ||||||
|
California Health Facilities Financing Authority RB, 5.00%, 11/15/26 (Call 11/15/25) |
115 | 124,617 | ||||||
|
California Infrastructure & Economic Development Bank RB |
||||||||
|
5.00%, 10/01/26 |
75 | 82,771 | ||||||
|
5.00%, 10/01/27 (Call 04/01/26) |
130 | 142,099 | ||||||
|
5.00%, 10/01/27 (PR 10/01/26) |
100 | 110,449 | ||||||
|
5.00%, 10/01/28 (Call 04/01/26) |
40 | 43,629 | ||||||
|
California State Public Works Board RB |
||||||||
|
4.00%, 10/01/28 (Call 10/01/26) |
150 | 157,807 | ||||||
|
5.00%, 09/01/26 |
75 | 82,226 | ||||||
|
5.00%, 04/01/29 (Call 10/01/26) |
125 | 136,857 | ||||||
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Series A, 5.00%, 09/01/26 (Call 09/01/24) |
$ | 100 | $ | 105,592 | ||||
|
Series B, 5.00%, 04/01/26 |
50 | 54,420 | ||||||
|
Series B, 5.00%, 10/01/26 (Call 10/01/24) |
105 | 111,061 | ||||||
|
Series C, 5.00%, 11/01/27 (Call 11/01/26) |
110 | 120,942 | ||||||
|
Series D, 4.00%, 04/01/28 (Call 10/01/26) |
250 | 263,101 | ||||||
|
California State University RB |
||||||||
|
5.00%, 11/01/26 |
180 | 198,548 | ||||||
|
Series A, 5.00%, 11/01/26 |
355 | 391,580 | ||||||
|
Series A, 5.00%, 11/01/26 (Call 11/01/25) |
125 | 135,482 | ||||||
|
Series A, 5.00%, 11/01/28 (Call 05/01/26) |
205 | 223,138 | ||||||
|
Carlsbad Unified School District GO, 5.00%, 08/01/27 (Call 08/01/26) |
80 | 87,988 | ||||||
|
City of Los Angeles Department of Airports RB, 5.00%, 05/15/26 |
210 | 228,228 | ||||||
|
City of San Francisco CA Public Utilities Commission Water Revenue RB |
||||||||
|
5.00%, 11/01/27 (Call 11/01/26) |
210 | 231,358 | ||||||
|
5.00%, 11/01/28 (Call 11/01/26) |
195 | 214,137 | ||||||
|
5.00%, 11/01/29 (Call 11/01/26) |
285 | 312,716 | ||||||
|
Series D, 5.00%, 11/01/26 |
195 | 215,006 | ||||||
|
Contra Costa Transportation Authority Sales Tax Revenue RB, 4.00%, 03/01/26 (Call 03/01/25) |
80 | 83,268 | ||||||
|
Contra Costa Water District RB, Series U, 5.00%, 10/01/26 |
50 | 55,049 | ||||||
|
East Bay Municipal Utility District Water System Revenue RB, 5.00%, 06/01/26 |
150 | 164,782 | ||||||
|
East Side Union High School District GO, 5.00%, 08/01/28 (Call 08/01/26) |
275 | 301,412 | ||||||
|
El Camino Community College District Foundation (The) GO, 5.00%, 08/01/28 (Call 08/01/26) |
170 | 186,614 | ||||||
|
El Camino Community College District GO, Series C, 0.00%, 08/01/26(b) |
150 | 132,386 | ||||||
|
Escondido Union High School District GO, Series A, 0.00%, 08/01/26 (AGC)(b) |
50 | 44,018 | ||||||
|
Evergreen School District GO, 0.00%, 08/01/26 (AGC)(b) |
80 | 70,843 | ||||||
|
Folsom Cordova Unified School District School Facilities Improvement Dist No. 4 GO, Series A, 0.00%, 10/01/26 (NPFGC)(b) |
100 | 87,069 | ||||||
|
Grossmont Union High School District GO, 0.00%, 08/01/26 (AGM)(b) |
90 | 79,631 | ||||||
|
Long Beach Unified School District GO, 5.00%, 08/01/27 (Call 08/01/26) |
175 | 192,473 | ||||||
|
Los Angeles Community College District/CA GO |
||||||||
|
Series C, 5.00%, 06/01/26 |
150 | 164,782 | ||||||
|
Series G, 5.00%, 08/01/26 (PR 08/01/24) |
70 | 74,086 | ||||||
|
Series I, 4.00%, 08/01/26 |
100 | 106,190 | ||||||
|
Series I, 4.00%, 08/01/29 (Call 08/01/26) |
100 | 104,550 | ||||||
|
Los Angeles County Metropolitan Transportation Authority RB |
||||||||
|
5.00%, 07/01/26 |
170 | 186,903 | ||||||
|
5.00%, 07/01/26 (Call 07/01/25) |
140 | 150,765 | ||||||
|
5.00%, 06/01/27 (Call 06/01/26) |
105 | 115,134 | ||||||
|
Series A, 5.00%, 06/01/28 (Call 06/01/26) |
140 | 153,284 | ||||||
|
Series A, 5.00%, 06/01/30 (Call 06/01/26) |
100 | 109,042 | ||||||
|
Los Angeles County Metropolitan Transportation Authority Sales Tax Revenue RB, 5.00%, 07/01/26 |
170 | 186,902 | ||||||
|
Los Angeles County Public Works Financing Authority RB |
||||||||
|
Series A, 5.00%, 12/01/26 (Call 12/01/24) |
70 | 74,488 | ||||||
|
Series S, 5.00%, 10/01/29 (Call 10/01/26) |
300 | 327,543 | ||||||
|
Los Angeles Department of Water & Power Power System Revenue RB |
||||||||
|
5.00%, 07/01/26 |
175 | 191,819 | ||||||
|
Series B, 5.00%, 07/01/26 (Call 06/01/26) |
30 | 32,895 | ||||||
| 70 |
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 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Los Angeles Department of Water & Power RB, Series A, 5.00%, 07/01/26 |
$ | 275 | $ | 301,429 | ||||
|
Los Angeles Department of Water & Power System Revenue RB, Series A, 5.00%, 07/01/26 |
130 | 142,493 | ||||||
|
Los Angeles Department of Water & Power Water System Revenue RB, 5.00%, 07/01/26 |
145 | 159,236 | ||||||
|
Los Angeles Department of Water RB |
||||||||
|
5.00%, 07/01/26 |
150 | 164,727 | ||||||
|
Series A, 5.00%, 07/01/26 (Call 07/01/24) |
85 | 89,573 | ||||||
|
Series A, 5.00%, 07/01/29 (Call 01/01/26) |
130 | 140,508 | ||||||
|
Los Angeles Unified School District/CA GO |
||||||||
|
5.00%, 07/01/28 (Call 07/01/26) |
255 | 278,453 | ||||||
|
Series A, 5.00%, 07/01/26 |
515 | 563,855 | ||||||
|
Series C, 5.00%, 07/01/26 |
100 | 109,486 | ||||||
|
Series C, 5.00%, 07/01/26 (Call 07/01/24) |
195 | 205,279 | ||||||
|
Series D, 5.00%, 07/01/26 (Call 07/01/24) |
160 | 168,434 | ||||||
|
Metropolitan Water District of Southern California RB |
||||||||
|
Series A, 2.50%, 07/01/26 |
230 | 229,544 | ||||||
|
Series A, 5.00%, 07/01/26 |
235 | 257,975 | ||||||
|
Municipal Improvement Corp. of Los Angeles RB, Series B, 5.00%, 11/01/26 |
245 | 268,500 | ||||||
|
Newport Mesa Unified School District GO, 0.00%, 08/01/26 (NPFGC)(b) |
190 | 168,604 | ||||||
|
Ohlone Community College District GO |
||||||||
|
4.00%, 08/01/30 (Call 08/01/26) |
115 | 119,929 | ||||||
|
Series C, 4.00%, 08/01/29 (Call 08/01/26) |
65 | 67,957 | ||||||
|
Palo Alto Unified School District GO, 0.00%, 08/01/26(b) |
170 | 150,730 | ||||||
|
Palos Verdes Peninsula Unified School District GO, 0.00%, 11/01/26 (NPFGC)(b) |
165 | 144,662 | ||||||
|
Pasadena Area Community College District GO, Series A, 4.00%, 08/01/29 (Call 08/01/26) |
165 | 172,507 | ||||||
|
Port of Los Angeles RB, Series C2, 5.00%, 08/01/26 |
100 | 109,562 | ||||||
|
Rancho Water District Financing Authority RB, Series B, 5.00%, 08/01/28 (Call 08/01/26) |
40 | 44,166 | ||||||
|
Sacramento County Sanitation Districts Financing Authority RB, 5.00%, 08/01/26 (Call 08/01/25) |
80 | 86,298 | ||||||
|
Sacramento Municipal Utility District RB, 5.00%, 07/01/26 (Call 07/01/25) |
150 | 161,534 | ||||||
|
San Diego Community College District GO, 4.00%, 08/01/28 (Call 08/01/26) |
100 | 105,013 | ||||||
|
San Diego County Regional Transportation Commission RB, Series A, 5.00%, 04/01/29 (Call 04/01/26) |
245 | 266,942 | ||||||
|
San Diego County Water Authority RB, 5.00%, 05/01/26 (Call 05/01/25) |
100 | 107,323 | ||||||
|
San Diego Unified School District/CA GO |
||||||||
|
5.50%, 07/01/26 (AGM) |
165 | 184,094 | ||||||
|
Series A, 0.00%, 07/01/26(b) |
20 | 17,888 | ||||||
|
Series A, 0.00%, 07/01/26 (ETM)(b) |
30 | 26,722 | ||||||
|
Series R-5, 4.00%, 07/01/29 (Call 07/01/26) |
215 | 224,642 | ||||||
|
Series R-5, 5.00%, 07/01/26 |
95 | 104,130 | ||||||
|
San Francisco Bay Area Rapid Transit District GO |
||||||||
|
4.00%, 08/01/26 |
55 | 58,108 | ||||||
|
5.00%, 08/01/26 |
200 | 220,393 | ||||||
|
Series D, 5.00%, 08/01/26 (Call 08/01/25) |
60 | 64,723 | ||||||
|
San Francisco City & County Airport Commission San Francisco International Airport RB, Series A, 5.00%, 05/01/26 |
240 | 260,002 | ||||||
|
San Jose Evergreen Community College District GO, Series A, 5.00%, 09/01/26 (PR 09/01/24) |
100 | 106,035 | ||||||
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
San Mateo County Community College District GO |
||||||||
|
Series A, 0.00%, 09/01/26 (NPFGC)(b) |
$ | 275 | $ | 244,141 | ||||
|
Series B, 0.00%, 09/01/26 (NPFGC)(b) |
95 | 84,340 | ||||||
|
Santa Barbara Community College District GO |
||||||||
|
5.00%, 08/01/27 (Call 08/01/26) |
100 | 109,985 | ||||||
|
5.00%, 08/01/28 (Call 08/01/26) |
120 | 131,728 | ||||||
|
5.00%, 08/01/29 (Call 08/01/26) |
50 | 54,802 | ||||||
|
Santa Clara County Financing Authority RB, 5.00%, 05/01/26 |
150 | 163,926 | ||||||
|
Santa Clara Unified School District GO, 5.00%, 07/01/26 (Call 07/01/24) |
90 | 94,920 | ||||||
|
Santa Clara Valley Transportation Authority RB, Series A, 5.00%, 06/01/26 |
95 | 104,362 | ||||||
|
Santa Clara Valley Water District COP, Series A, 5.00%, 02/01/29 (Call 02/01/26) |
315 | 342,143 | ||||||
|
Santa Monica-Malibu Unified School District GO, Series D, 4.00%, 08/01/26 (Call 08/01/25) |
40 | 41,947 | ||||||
|
Southern California Public Power Authority RB, Series C, 5.00%, 07/01/26 (Call 01/01/25) |
65 | 69,148 | ||||||
|
State of California Department of Water Resources RB |
||||||||
|
5.00%, 12/01/29 (Call 12/01/26) |
130 | 143,305 | ||||||
|
Series AS, 5.00%, 12/01/26 (PR 12/01/24) |
200 | 213,237 | ||||||
|
Series AV, 5.00%, 12/01/26 (Call 06/01/26) |
50 | 54,825 | ||||||
|
Series AW, 5.00%, 12/01/27 (Call 12/01/26) |
135 | 149,246 | ||||||
|
Series AW, 5.00%, 12/01/28 (Call 12/01/26) |
290 | 319,812 | ||||||
|
State of California GO |
||||||||
|
4.00%, 04/01/26 |
100 | 105,564 | ||||||
|
4.00%, 09/01/27 (Call 09/01/26) |
125 | 131,943 | ||||||
|
4.00%, 08/01/28 (Call 08/01/26) |
80 | 83,912 | ||||||
|
4.00%, 09/01/28 (Call 09/01/26) |
400 | 419,850 | ||||||
|
5.00%, 08/01/26 |
235 | 258,365 | ||||||
|
5.00%, 08/01/26 (Call 08/01/25) |
425 | 458,320 | ||||||
|
5.00%, 10/01/26 |
475 | 523,799 | ||||||
|
5.00%, 11/01/26 |
175 | 193,267 | ||||||
|
5.00%, 08/01/27 (Call 08/01/26) |
130 | 142,760 | ||||||
|
5.00%, 08/01/28 (Call 08/01/26) |
350 | 383,173 | ||||||
|
5.00%, 09/01/28 (Call 09/01/26) |
840 | 920,931 | ||||||
|
5.00%, 08/01/29 (Call 08/01/26) |
200 | 218,535 | ||||||
|
5.00%, 09/01/29 (Call 09/01/26) |
585 | 640,109 | ||||||
|
5.00%, 08/01/30 (Call 08/01/26) |
100 | 108,974 | ||||||
|
Series B, 5.00%, 09/01/26 |
300 | 330,324 | ||||||
|
Series C, 5.00%, 08/01/27 (Call 08/01/26) |
450 | 494,170 | ||||||
|
Series C, 5.00%, 08/01/28 (Call 08/01/26) |
270 | 295,590 | ||||||
|
University of California RB |
||||||||
|
4.00%, 05/15/26 |
170 | 179,368 | ||||||
|
5.00%, 05/15/29 (Call 05/15/26) |
360 | 392,719 | ||||||
|
Series AM, 5.00%, 05/15/26 (Call 05/15/24) |
205 | 215,477 | ||||||
|
Series AV, 5.00%, 05/15/26 |
205 | 224,519 | ||||||
|
Series I, 5.00%, 05/15/26 (Call 05/15/25) |
150 | 161,021 | ||||||
|
|
|
|||||||
| 23,091,851 | ||||||||
| Colorado — 0.6% | ||||||||
|
City & County of Denver Co. Airport System Revenue RB, 5.00%, 11/15/26 |
190 | 207,588 | ||||||
|
City & County of Denver Co. GO, Series A, 5.00%, 08/01/26 |
45 | 49,608 | ||||||
|
City of Colorado Springs CO Utilities System Revenue RB, Series A2, 5.00%, 11/15/26 |
50 | 55,166 | ||||||
|
Denver City & County School District No. 1 GO |
||||||||
|
4.00%, 12/01/26 (Call 12/01/25) (SAW) |
115 | 121,136 | ||||||
|
5.00%, 12/01/27 (Call 12/01/26) |
200 | 221,288 | ||||||
|
5.50%, 12/01/26 (SAW) |
110 | 124,174 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
71 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Colorado (continued) |
||||||||
|
University of Colorado RB, Series A-2, 5.00%, 06/01/26 |
$ | 150 | $ | 163,928 | ||||
|
|
|
|||||||
| 942,888 | ||||||||
| Connecticut — 1.6% | ||||||||
|
State of Connecticut GO |
||||||||
|
4.00%, 06/01/26 |
105 | 110,378 | ||||||
|
Series A, 5.00%, 03/15/26 |
235 | 255,472 | ||||||
|
Series A, 5.00%, 04/15/26 |
180 | 195,979 | ||||||
|
Series B, 4.00%, 06/01/26 |
100 | 105,122 | ||||||
|
Series B, 5.00%, 05/15/26 |
155 | 169,011 | ||||||
|
Series B, 5.00%, 05/15/27 (Call 05/15/26) |
140 | 152,320 | ||||||
|
Series E, 5.00%, 10/15/26 |
175 | 192,184 | ||||||
|
Series F, 5.00%, 09/15/26 |
205 | 224,811 | ||||||
|
State of Connecticut Special Tax Revenue RB |
||||||||
|
Series A, 5.00%, 05/01/26 |
325 | 354,141 | ||||||
|
Series A, 5.00%, 09/01/27 (Call 09/01/26) |
310 | 338,805 | ||||||
|
Series A, 5.00%, 09/01/28 (Call 09/01/26) |
115 | 125,293 | ||||||
|
Series B, 5.00%, 09/01/28 (Call 09/01/26) |
150 | 163,426 | ||||||
|
Series C, 5.00%, 10/01/26 |
80 | 87,798 | ||||||
|
|
|
|||||||
| 2,474,740 | ||||||||
| Delaware — 0.5% | ||||||||
|
Delaware Transportation Authority RB |
||||||||
|
5.00%, 07/01/26 |
245 | 268,952 | ||||||
|
5.00%, 07/01/27 (Call 07/01/26) |
200 | 219,802 | ||||||
|
State of Delaware GO |
||||||||
|
5.00%, 02/01/26 |
80 | 87,522 | ||||||
|
5.00%, 07/01/28 (Call 07/01/26) |
105 | 114,874 | ||||||
|
Series D, 5.00%, 07/01/27 (Call 07/01/26) |
110 | 120,709 | ||||||
|
|
|
|||||||
| 811,859 | ||||||||
| District of Columbia — 1.3% | ||||||||
|
District of Columbia GO |
||||||||
|
Series A, 5.00%, 06/01/26 (Call 06/01/25) |
250 | 268,535 | ||||||
|
Series A, 5.00%, 06/01/27 (Call 06/01/26) |
100 | 108,800 | ||||||
|
Series B, 5.00%, 06/01/26 (Call 06/01/25) |
125 | 134,267 | ||||||
|
Series D, 5.00%, 06/01/26 |
80 | 87,656 | ||||||
|
Series D, 5.00%, 06/01/27 (Call 12/01/26) |
155 | 170,231 | ||||||
|
Series D, 5.00%, 06/01/28 (Call 12/01/26) |
190 | 208,070 | ||||||
|
Series D, 5.00%, 06/01/29 (Call 12/01/26) |
100 | 109,241 | ||||||
|
District of Columbia RB |
||||||||
|
5.00%, 12/01/26 |
345 | 377,501 | ||||||
|
Series C, 5.00%, 10/01/26 |
335 | 369,858 | ||||||
|
District of Columbia Water & Sewer Authority RB, 5.00%, 10/01/26 |
95 | 104,843 | ||||||
|
Washington Metropolitan Area Transit Authority RB, Series A, 5.00%, 07/15/26 |
105 | 115,422 | ||||||
|
|
|
|||||||
| 2,054,424 | ||||||||
| Florida — 3.5% | ||||||||
|
County of Miami-Dade FL Aviation Revenue RB, Series B, 5.00%, 10/01/26 (Call 10/01/25) |
225 | 240,111 | ||||||
|
County of Miami-Dade FL Transit System RB, 5.00%, 07/01/27 (Call 07/01/26) |
315 | 345,796 | ||||||
|
County of Miami-Dade FL Water & Sewer System Revenue RB, 5.00%, 10/01/26 (Call 10/01/25) |
510 | 547,858 | ||||||
|
Florida Department of Environmental Protection RB |
||||||||
|
5.00%, 07/01/26 (Call 07/01/25) |
150 | 161,629 | ||||||
|
Series A, 5.00%, 07/01/26 (Call 07/01/25) |
165 | 177,792 | ||||||
|
Series A, 5.00%, 07/01/27 (Call 07/01/26) |
250 | 274,441 | ||||||
|
Hillsborough County Aviation Authority RB, 5.00%, 10/01/26 |
200 | 218,101 | ||||||
|
Orange County School Board COP, 5.00%, 08/01/26 |
140 | 153,210 | ||||||
| Security | Par (000) |
Value | ||||||
|
Florida (continued) |
||||||||
|
Reedy Creek Improvement District GOL |
||||||||
|
5.00%, 06/01/27 (Call 06/01/26) |
$ | 300 | $ | 328,831 | ||||
|
Series A, 5.00%, 06/01/26 |
130 | 142,071 | ||||||
|
School Board of Miami-Dade County (The) COP |
||||||||
|
5.00%, 02/01/29 (Call 02/01/26) |
275 | 294,830 | ||||||
|
Series D, 5.00%, 02/01/27 (Call 02/01/26) |
160 | 172,303 | ||||||
|
School Board of Miami-Dade County (The) GO, 5.00%, 03/15/28 (Call 03/15/26) |
100 | 109,058 | ||||||
|
School District of Broward County/FL COP |
||||||||
|
Series A, 5.00%, 07/01/27 (Call 07/01/26) |
160 | 173,532 | ||||||
|
Series B, 5.00%, 07/01/26 |
110 | 120,344 | ||||||
|
Series B, 5.00%, 07/01/27 (Call 07/01/26) |
105 | 113,881 | ||||||
|
State of Florida Department of Transportation Turnpike System Revenue RB |
||||||||
|
Series C, 5.00%, 07/01/27 (Call 07/01/26) |
185 | 202,780 | ||||||
|
Series C, 5.00%, 07/01/29 (Call 07/01/26) |
145 | 158,216 | ||||||
|
State of Florida GO |
||||||||
|
Series A, 5.00%, 07/01/26 |
55 | 60,629 | ||||||
|
Series B, 5.00%, 06/01/26 (Call 06/01/24) |
40 | 42,068 | ||||||
|
Series B, 5.00%, 07/01/26 |
225 | 248,027 | ||||||
|
Series C, 5.00%, 06/01/26 |
115 | 126,380 | ||||||
|
Series C, 5.00%, 06/01/28 (Call 06/01/26) |
50 | 54,683 | ||||||
|
Series D, 4.00%, 06/01/29 (Call 06/01/26) |
125 | 130,419 | ||||||
|
Series E, 5.00%, 06/01/26 (Call 06/01/25) |
220 | 236,243 | ||||||
|
Series F, 5.00%, 06/01/29 (Call 06/01/26) |
100 | 109,164 | ||||||
|
State of Florida Lottery Revenue RB |
||||||||
|
5.00%, 07/01/26 |
285 | 312,863 | ||||||
|
Series A, 5.00%, 07/01/26 |
225 | 246,997 | ||||||
|
|
|
|||||||
| 5,502,257 | ||||||||
| Georgia — 2.1% | ||||||||
|
City of Atlanta GA Water & Wastewater Revenue RB, 5.00%, 11/01/26 |
225 | 248,587 | ||||||
|
County of Carroll GA GO, 5.00%, 06/01/26 |
85 | 93,031 | ||||||
|
Forsyth County School District GO, 5.00%, 02/01/27 (Call 02/01/26) |
235 | 256,730 | ||||||
|
Georgia Ports Authority RB, 5.00%, 07/01/26 |
160 | 175,576 | ||||||
|
Georgia State Road & Tollway Authority RB, 5.00%, 06/01/26 |
190 | 207,719 | ||||||
|
Gwinnett County School District GO, 5.00%, 08/01/26 |
500 | 551,408 | ||||||
|
Metropolitan Atlanta Rapid Transit Authority RB, Series C, 5.00%, 07/01/29 (Call 07/01/26) |
390 | 425,249 | ||||||
|
Private Colleges & Universities Authority RB, 5.00%, 09/01/26 |
220 | 240,913 | ||||||
|
State of Georgia GO |
||||||||
|
Series A, 5.00%, 08/01/26 |
500 | 551,408 | ||||||
|
Series A-1, 5.00%, 02/01/26 |
85 | 92,929 | ||||||
|
Series E, 5.00%, 12/01/27 (Call 12/01/26) |
105 | 116,318 | ||||||
|
Series E, 5.00%, 12/01/28 (Call 12/01/26) |
195 | 215,893 | ||||||
|
Series F, 5.00%, 01/01/26 |
25 | 27,258 | ||||||
|
|
|
|||||||
| 3,203,019 | ||||||||
| Hawaii — 1.5% | ||||||||
|
City & County Honolulu HI Wastewater System Revenue RB |
||||||||
|
5.00%, 07/01/27 (Call 07/01/26) |
205 | 224,193 | ||||||
|
Series A, 5.00%, 07/01/28 (Call 07/01/26) |
345 | 376,303 | ||||||
|
City & County of Honolulu HI GO |
||||||||
|
Series A, 5.00%, 10/01/26 (Call 10/01/25) |
150 | 161,846 | ||||||
|
Series B, 5.00%, 10/01/26 (Call 10/01/25) |
100 | 107,898 | ||||||
|
Series D, 5.00%, 09/01/26 |
65 | 71,458 | ||||||
|
County of Hawaii HI GO, Series A, 5.00%, 09/01/27 (Call 03/01/26) |
100 | 108,901 | ||||||
| 72 |
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 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Hawaii (continued) |
||||||||
|
State of Hawaii GO |
||||||||
|
5.00%, 01/01/26 |
$ | 100 | $ | 108,593 | ||||
|
5.00%, 10/01/26 |
285 | 313,779 | ||||||
|
Series EY, 5.00%, 10/01/26 (Call 10/01/25) |
100 | 108,068 | ||||||
|
Series FE, 5.00%, 10/01/27 (Call 10/01/26) |
140 | 153,769 | ||||||
|
Series FG, 5.00%, 10/01/27 (Call 10/01/26) |
175 | 192,211 | ||||||
|
Series FG, 5.00%, 10/01/29 (Call 10/01/26) |
100 | 109,747 | ||||||
|
Series FH, 5.00%, 10/01/27 (Call 10/01/26) |
145 | 159,260 | ||||||
|
State of Hawaii State Highway Fund RB |
||||||||
|
Series A, 5.00%, 01/01/29 (Call 07/01/26) |
50 | 54,681 | ||||||
|
Series B, 5.00%, 01/01/27 (Call 07/01/26) |
125 | 137,117 | ||||||
|
|
|
|||||||
| 2,387,824 | ||||||||
| Idaho — 0.3% | ||||||||
|
Idaho Housing & Finance Association RB, 5.00%, 07/15/26 |
455 | 498,502 | ||||||
|
|
|
|||||||
| Illinois — 1.9% | ||||||||
|
Chicago O’Hare International Airport RB |
||||||||
|
5.00%, 01/01/29 (Call 01/01/26) |
135 | 144,863 | ||||||
|
Series D, 5.00%, 01/01/26 |
165 | 177,382 | ||||||
|
Series E, 5.00%, 01/01/26 |
225 | 241,884 | ||||||
|
Illinois Finance Authority RB |
||||||||
|
4.00%, 07/01/26 (Call 01/01/26) |
95 | 99,556 | ||||||
|
5.00%, 04/01/26 |
60 | 65,210 | ||||||
|
5.00%, 07/01/26 |
430 | 469,016 | ||||||
|
Illinois State Toll Highway Authority RB, 5.00%, 01/01/26 |
200 | 216,239 | ||||||
|
State of Illinois GO |
||||||||
|
5.00%, 06/01/27 (Call 06/01/26) |
100 | 106,424 | ||||||
|
Series A, 5.00%, 03/01/26 |
470 | 500,405 | ||||||
|
Series A, 5.00%, 10/01/26 |
250 | 267,731 | ||||||
|
Series B, 5.13%, 09/01/26 |
150 | 161,263 | ||||||
|
Series D, 5.00%, 11/01/26 |
235 | 251,865 | ||||||
|
State of Illinois Sales Tax Revenue RB |
||||||||
|
5.00%, 06/15/26 |
65 | 69,139 | ||||||
|
Series A, 4.00%, 06/15/26 |
235 | 240,541 | ||||||
|
|
|
|||||||
| 3,011,518 | ||||||||
| Indiana — 1.5% | ||||||||
|
City of Indianapolis Department of Public Utilities Water System Revenue RB, 5.00%, 10/01/26 |
295 | 324,142 | ||||||
|
Indiana Finance Authority RB |
||||||||
|
Series A, 5.00%, 02/01/26 |
160 | 173,966 | ||||||
|
Series A, 5.00%, 10/01/26 |
80 | 88,113 | ||||||
|
Series A, 5.00%, 10/01/26 (Call 10/01/24) |
100 | 105,917 | ||||||
|
Series C, 5.00%, 06/01/27 (Call 12/01/26) |
595 | 658,875 | ||||||
|
Series E, 5.00%, 02/01/26 |
190 | 206,584 | ||||||
|
Series E, 5.00%, 02/01/29 (Call 08/01/26) |
195 | 213,154 | ||||||
|
Indiana Municipal Power Agency RB, 5.00%, 01/01/27 (Call 07/01/26) |
105 | 114,570 | ||||||
|
Indiana University RB |
||||||||
|
Series A, 5.00%, 06/01/26 |
125 | 137,013 | ||||||
|
Series A, 5.00%, 06/01/27 (Call 06/01/26) |
195 | 213,186 | ||||||
|
Series A, 5.00%, 06/01/28 (Call 06/01/26) |
135 | 147,153 | ||||||
|
|
|
|||||||
| 2,382,673 | ||||||||
| Iowa — 0.3% | ||||||||
|
Iowa Finance Authority RB, 5.00%, 08/01/26 |
320 | 352,629 | ||||||
|
State of Iowa RB, 4.00%, 06/01/26 |
95 | 100,394 | ||||||
|
|
|
|||||||
| 453,023 | ||||||||
| Kansas — 0.3% | ||||||||
|
State of Kansas Department of Transportation RB, 5.00%, 09/01/26 (Call 09/01/25) |
475 | 511,842 | ||||||
|
|
|
|||||||
| Security | Par (000) |
Value | ||||||
|
Kentucky — 0.1% |
||||||||
|
Kentucky Infrastructure Authority RB, Series A, 5.00%, 02/01/26 (Call 02/01/25) |
$ | 100 | $ | 106,722 | ||||
|
|
|
|||||||
| Louisiana — 0.9% | ||||||||
|
State of Louisiana Gasoline & Fuels Tax Revenue RB |
||||||||
|
Series B, 5.00%, 05/01/26 |
100 | 108,967 | ||||||
|
Series B, 5.00%, 05/01/26 (Call 05/01/25) |
50 | 53,407 | ||||||
|
State of Louisiana GO |
||||||||
|
5.00%, 09/01/27 (Call 09/01/26) |
100 | 109,463 | ||||||
|
Series A, 5.00%, 09/01/26 |
25 | 27,398 | ||||||
|
Series B, 5.00%, 08/01/26 |
435 | 476,046 | ||||||
|
Series B, 5.00%, 08/01/29 (Call 08/01/26) |
200 | 217,864 | ||||||
|
State of Louisiana RB |
||||||||
|
5.00%, 09/01/26 |
95 | 104,112 | ||||||
|
Series A, 5.00%, 09/01/26 |
225 | 246,581 | ||||||
|
|
|
|||||||
| 1,343,838 | ||||||||
| Maine — 0.7% | ||||||||
|
Maine Municipal Bond Bank RB |
||||||||
|
5.00%, 11/01/26 |
250 | 276,544 | ||||||
|
5.00%, 11/01/29 (Call 11/01/26) |
220 | 242,080 | ||||||
|
Series A, 5.00%, 09/01/29 (Call 09/01/26) |
100 | 109,121 | ||||||
|
State of Maine GO |
||||||||
|
4.00%, 06/01/26 |
50 | 53,018 | ||||||
|
5.00%, 06/01/26 |
115 | 126,380 | ||||||
|
Series B, 5.00%, 06/01/26 |
205 | 225,286 | ||||||
|
|
|
|||||||
| 1,032,429 | ||||||||
| Maryland — 3.9% | ||||||||
|
City of Baltimore MD GO |
||||||||
|
Series A, 5.00%, 10/15/26 |
90 | 99,475 | ||||||
|
Series B, 5.00%, 10/15/26 |
135 | 149,212 | ||||||
|
City of Baltimore MD RB, 5.00%, 07/01/26 |
215 | 236,109 | ||||||
|
County of Anne Arundel MD GOL |
||||||||
|
5.00%, 10/01/26 |
235 | 259,763 | ||||||
|
5.00%, 10/01/26 (Call 10/01/25) |
110 | 119,222 | ||||||
|
County of Baltimore MD GO |
||||||||
|
5.00%, 03/01/26 |
195 | 213,251 | ||||||
|
5.00%, 08/01/26 (Call 08/01/25) |
80 | 86,414 | ||||||
|
County of Charles MD GO |
||||||||
|
4.00%, 10/01/26 |
50 | 53,084 | ||||||
|
5.00%, 10/01/26 |
500 | 553,129 | ||||||
|
County of Frederick MD, 5.00%, 08/01/26 |
200 | 220,200 | ||||||
|
County of Howard MD GO |
||||||||
|
5.00%, 08/15/26 |
150 | 165,543 | ||||||
|
Series D, 5.00%, 02/15/26 |
180 | 196,739 | ||||||
|
County of Montgomery MD GO |
||||||||
|
5.00%, 11/01/26 |
590 | 653,704 | ||||||
|
Series A, 4.00%, 12/01/26 (Call 12/01/24) |
25 | 25,916 | ||||||
|
Series A, 5.00%, 11/01/26 |
80 | 88,638 | ||||||
|
County of Prince George’s MD GO, Series A, 5.00%, 09/15/26 |
235 | 259,753 | ||||||
|
County of Prince George’s MD GOL, Series A, 5.00%, 07/15/26 |
210 | 231,398 | ||||||
|
State of Maryland Department of Transportation RB |
||||||||
|
5.00%, 10/01/26 |
130 | 143,413 | ||||||
|
5.00%, 12/01/27 (Call 12/01/26) |
110 | 121,356 | ||||||
|
5.00%, 10/01/28 (Call 10/01/26) |
480 | 529,206 | ||||||
|
5.00%, 10/01/29 (Call 10/01/26) |
215 | 236,343 | ||||||
|
State of Maryland GO |
||||||||
|
Series A, 5.00%, 08/01/26 |
200 | 220,478 | ||||||
|
Series B, 4.00%, 08/01/26 |
175 | 185,469 | ||||||
|
Series B, 5.00%, 08/01/26 |
475 | 523,636 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
73 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Maryland (continued) |
||||||||
|
Washington Suburban Sanitary Commission RB |
||||||||
|
5.00%, 06/01/26 |
$ | 300 | $ | 329,809 | ||||
|
5.00%, 06/01/26 (GTD) |
100 | 109,936 | ||||||
|
5.00%, 06/01/27 (Call 06/01/26) (GTD) |
100 | 109,826 | ||||||
|
|
|
|||||||
| 6,121,022 | ||||||||
| Massachusetts — 3.6% | ||||||||
|
City of Boston MA GO, Series B, 4.00%, 03/01/26 |
60 | 63,413 | ||||||
|
City of Cambridge MA GOL, Series B, 5.00%, 02/15/26 |
165 | 180,532 | ||||||
|
City of Cambridge MA RB, 5.00%, 02/15/26 |
195 | 213,356 | ||||||
|
Commonwealth of Massachusetts Federal Highway Grant Anticipation Note Revenue RB, Series A, 5.00%, 06/15/27 (Call 06/15/26) |
205 | 224,538 | ||||||
|
Commonwealth of Massachusetts GO, Series C, 5.25%, 11/01/26 (AGM) |
50 | 55,657 | ||||||
|
Commonwealth of Massachusetts GOL |
||||||||
|
5.00%, 04/01/26 |
100 | 109,112 | ||||||
|
Series A, 5.00%, 07/01/26 |
755 | 827,560 | ||||||
|
Series B, 5.00%, 01/01/26 |
20 | 21,719 | ||||||
|
Series B, 5.00%, 07/01/30 (Call 07/01/26) |
100 | 108,811 | ||||||
|
Series C, 5.00%, 09/01/26 |
155 | 170,400 | ||||||
|
Series D, 5.00%, 07/01/26 |
150 | 164,416 | ||||||
|
Series HH, 5.00%, 12/01/26 |
300 | 331,249 | ||||||
|
Series I, 5.00%, 12/01/28 (Call 12/01/26) |
100 | 110,032 | ||||||
|
Commonwealth of Massachusetts Transportation Fund Revenue RB, Series A, 5.00%, 06/01/26 |
180 | 197,592 | ||||||
|
Massachusetts Bay Transportation Authority RB |
||||||||
|
5.00%, 07/01/26 (Call 07/01/25) |
150 | 161,324 | ||||||
|
Series A, 4.00%, 07/01/26 |
115 | 121,773 | ||||||
|
Series A, 5.00%, 07/01/26 |
215 | 236,109 | ||||||
|
Series B, 5.00%, 07/01/26 (Call 07/01/25) |
335 | 360,291 | ||||||
|
Massachusetts Development Finance Agency RB, Series A, 5.00%, 10/15/26 |
205 | 227,220 | ||||||
|
Massachusetts School Building Authority RB |
||||||||
|
5.00%, 08/15/26 (Call 08/15/25) |
320 | 345,508 | ||||||
|
Series A, 5.00%, 11/15/26 (Call 11/15/25) |
90 | 97,593 | ||||||
|
Massachusetts
State College Building Authority RB, 4.00%, 05/01/26
(Call 05/01/25) |
95 | 98,811 | ||||||
|
Massachusetts Transportation Trust Fund Metropolitan Highway System Revenue RB, 5.00%, 01/01/26 |
80 | 87,021 | ||||||
|
Massachusetts Water Resources Authority RB |
||||||||
|
5.00%, 08/01/26 ( 08/01/24) |
15 | 15,866 | ||||||
|
5.00%, 08/01/26 (Call 08/01/24) |
100 | 105,612 | ||||||
|
Series B, 5.25%, 08/01/26 (AGM) |
350 | 388,150 | ||||||
|
Series C, 5.00%, 08/01/35 (PR 08/01/26) |
200 | 219,969 | ||||||
|
University of Massachusetts Building Authority RB |
||||||||
|
5.00%, 05/01/26 |
175 | 191,247 | ||||||
|
5.00%, 11/01/26 |
150 | 165,389 | ||||||
|
|
|
|||||||
| 5,600,270 | ||||||||
| Michigan — 1.5% | ||||||||
|
Great Lakes Water Authority Water Supply System Revenue RB |
||||||||
|
5.00%, 07/01/27 (Call 07/01/26) |
220 | 240,688 | ||||||
|
Series C, 5.00%, 07/01/26 |
110 | 118,854 | ||||||
|
Michigan Finance Authority RB |
||||||||
|
5.00%, 10/01/26 |
100 | 110,098 | ||||||
|
Series B, 5.00%, 10/01/28 (Call 10/01/26) |
505 | 556,437 | ||||||
|
Series B, 5.00%, 10/01/29 (Call 10/01/26) |
200 | 219,845 | ||||||
|
Michigan State Building Authority RB |
||||||||
|
5.00%, 10/15/29 (Call 10/15/26) |
275 | 301,157 | ||||||
|
Series I, 5.00%, 04/15/26 (Call 10/15/25) |
90 | 97,491 | ||||||
| Security | Par (000) |
Value | ||||||
|
Michigan (continued) |
||||||||
|
Series I, 5.00%, 04/15/27 (Call 10/15/26) |
$ | 130 | $ | 142,995 | ||||
|
State of Michigan RB, 5.00%, 03/15/26 |
385 | 417,063 | ||||||
|
University of Michigan RB, 5.00%, 04/01/26 |
45 | 49,276 | ||||||
|
|
|
|||||||
| 2,253,904 | ||||||||
| Minnesota — 1.2% | ||||||||
|
County of Hennepin MN GO |
||||||||
|
5.00%, 12/01/26 |
140 | 155,030 | ||||||
|
Series A, 5.00%, 12/01/26 |
125 | 138,419 | ||||||
|
Metropolitan Council GO, 5.00%, 12/01/26 |
170 | 188,794 | ||||||
|
Minneapolis-St Paul Metropolitan Airports Commission RB, 5.00%, 01/01/26 |
100 | 107,504 | ||||||
|
Minnesota Public Facilities Authority RB, Series A, 5.00%, 03/01/28 (Call 03/01/26) |
135 | 147,429 | ||||||
|
State of Minnesota GO |
||||||||
|
5.00%, 08/01/26 |
145 | 159,897 | ||||||
|
Series B, 4.00%, 08/01/26 |
300 | 318,694 | ||||||
|
Series B, 4.00%, 08/01/26 (Call 08/01/24) |
100 | 103,552 | ||||||
|
Series D, 5.00%, 08/01/26 |
255 | 281,327 | ||||||
|
Series D, 5.00%, 10/01/26 |
170 | 187,989 | ||||||
|
Series E, 3.00%, 08/01/26 |
100 | 102,305 | ||||||
|
|
|
|||||||
| 1,890,940 | ||||||||
| Mississippi — 0.4% | ||||||||
|
State of Mississippi GO |
||||||||
|
Series A, 5.00%, 10/01/26 |
115 | 126,865 | ||||||
|
Series B, 5.00%, 12/01/29 (Call 12/01/26) |
210 | 232,353 | ||||||
|
Series C, 5.00%, 10/01/26 (Call 10/01/25) |
220 | 237,768 | ||||||
|
|
|
|||||||
| 596,986 | ||||||||
| Missouri — 0.9% | ||||||||
|
City of Kansas City MO Water Revenue RB, Series A, 5.00%, 12/01/26 |
235 | 260,550 | ||||||
|
Metropolitan St Louis Sewer District RB, Series C, 5.00%, 05/01/27 (Call 05/01/26) |
125 | 134,145 | ||||||
|
Missouri Highway & Transportation Commission RB |
||||||||
|
5.00%, 11/01/26 |
430 | 473,733 | ||||||
|
Series A, 5.00%, 05/01/26 |
110 | 120,169 | ||||||
|
Series A, 5.00%, 05/01/26 (Call 05/01/24) |
100 | 105,022 | ||||||
|
Missouri State Board of Public Buildings RB, Series A, 4.00%, 04/01/26 (Call 04/01/24) |
195 | 200,527 | ||||||
|
Missouri State Environmental Improvement & Energy Resources Authority RB, Series B, 5.00%, 07/01/26 (Call 07/01/25) |
130 | 140,037 | ||||||
|
|
|
|||||||
| 1,434,183 | ||||||||
| Nebraska — 0.3% | ||||||||
|
Nebraska Public Power District RB |
||||||||
|
5.00%, 01/01/26 |
280 | 304,368 | ||||||
|
Series A, 5.00%, 01/01/29 (Call 01/01/26) |
110 | 118,931 | ||||||
|
Series B, 5.00%, 01/01/29 (Call 01/01/26) |
105 | 113,525 | ||||||
|
|
|
|||||||
| 536,824 | ||||||||
| Nevada — 2.3% | ||||||||
|
Clark County School District GOL |
||||||||
|
Series A, 5.00%, 06/15/26 |
145 | 157,625 | ||||||
|
Series E, 5.00%, 06/15/26 |
100 | 108,707 | ||||||
|
Clark County Water Reclamation District, 5.00%, 07/01/26 |
365 | 400,684 | ||||||
|
County of Clark NV GOL |
||||||||
|
5.00%, 11/01/26 (PR 11/01/24) |
80 | 84,982 | ||||||
|
Series B, 5.00%, 11/01/26 |
100 | 110,260 | ||||||
|
Series B, 5.00%, 11/01/27 (Call 11/01/26) |
230 | 252,879 | ||||||
|
Series B, 5.00%, 11/01/29 (Call 11/01/26) |
290 | 317,302 | ||||||
|
County of Clark NV Passenger Facility Charge Revenue RB, Series C, 5.00%, 07/01/26 |
355 | 385,606 | ||||||
| 74 |
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 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Nevada (continued) |
||||||||
|
County of Clark NV RB, Series A, 5.00%, 07/01/26 (Call 07/01/24) |
$ | 340 | $ | 357,776 | ||||
|
Las Vegas Valley Water District GOL |
||||||||
|
5.00%, 06/01/26 |
50 | 54,825 | ||||||
|
5.00%, 09/15/26 (Call 09/15/25) |
105 | 113,547 | ||||||
|
5.00%, 06/01/27 (Call 06/01/26) |
75 | 82,055 | ||||||
|
State of Nevada GO, Series D, 5.00%, 04/01/26 (Call 04/01/25) |
45 | 48,227 | ||||||
|
State of Nevada GOL |
||||||||
|
Series A, 4.00%, 08/01/26 (Call 08/01/25) |
60 | 62,902 | ||||||
|
Series B, 5.00%, 11/01/26 (Call 05/01/25) |
105 | 112,563 | ||||||
|
State of Nevada Highway Improvement Revenue RB |
||||||||
|
5.00%, 12/01/26 (Call 06/01/26) |
330 | 361,446 | ||||||
|
5.00%, 12/01/27 (Call 06/01/26) |
150 | 163,261 | ||||||
|
5.00%, 12/01/28 (Call 06/01/26) |
200 | 217,197 | ||||||
|
Washoe County School District/NV GOL, Series A, 5.00%, 06/01/26 (Call 06/01/25) |
115 | 123,561 | ||||||
|
|
|
|||||||
| 3,515,405 | ||||||||
| New Hampshire — 0.1% | ||||||||
|
New Hampshire Municipal Bond Bank RB, 4.00%, 08/15/29 (Call 08/15/26) |
100 | 104,822 | ||||||
|
|
|
|||||||
| New Jersey — 2.3% | ||||||||
|
County of Union New Jersey GO, 4.00%, 03/01/26 |
35 | 37,043 | ||||||
|
Essex County Improvement Authority RB, 5.50%, 10/01/26 (NPFGC GTD) |
100 | 112,749 | ||||||
|
Monmouth County Improvement Authority (The) RB, 4.00%, 08/01/26 |
205 | 217,945 | ||||||
|
New Jersey Economic Development Authority RB |
||||||||
|
Series AAA, 5.00%, 06/15/26 |
100 | 107,445 | ||||||
|
Series B, 5.00%, 11/01/26 (SAP) |
175 | 189,001 | ||||||
|
Series PP, 5.00%, 06/15/26 (Call 06/15/24) |
150 | 156,572 | ||||||
|
Series XX, 4.25%, 06/15/26 (Call 06/15/25) |
480 | 498,039 | ||||||
|
New Jersey Educational Facilities Authority RB, Series B, 5.00%, 07/01/26 |
325 | 357,855 | ||||||
|
New Jersey Transportation Trust Fund Authority RB |
||||||||
|
Series A, 5.00%, 06/15/26 |
330 | 354,569 | ||||||
|
Series A, 5.00%, 06/15/28 (Call 06/15/26) |
400 | 431,016 | ||||||
|
Series A, 5.00%, 06/15/29 (Call 06/15/26) |
80 | 85,873 | ||||||
|
Series A, 5.00%, 06/15/30 (Call 06/15/26) |
105 | 112,057 | ||||||
|
Series AA, 4.25%, 06/15/26 (Call 06/15/25) |
200 | 207,516 | ||||||
|
Series AA, 5.00%, 06/15/26 (Call 06/15/24) |
100 | 104,381 | ||||||
|
Series AA, 5.00%, 06/15/26 (Call 06/15/25) |
25 | 26,488 | ||||||
|
State of New Jersey GO, Series A, 5.00%, 06/01/26 |
565 | 609,958 | ||||||
|
|
|
|||||||
| 3,608,507 | ||||||||
| New Mexico — 0.5% | ||||||||
|
New Mexico Finance Authority RB, Series A, 5.00%, 06/15/26 (Call 06/15/24) |
100 | 105,257 | ||||||
|
State of New Mexico GO, 5.00%, 03/01/26 |
260 | 284,235 | ||||||
|
State of New Mexico Severance Tax Permanent Fund RB, 5.00%, 07/01/26 |
315 | 345,927 | ||||||
|
|
|
|||||||
| 735,419 | ||||||||
| New York — 10.4% | ||||||||
|
City of New York NY GO |
||||||||
|
5.00%, 03/01/26 |
115 | 124,623 | ||||||
|
5.00%, 03/01/26 (Call 03/01/24) |
225 | 235,412 | ||||||
|
5.00%, 08/01/26 |
300 | 327,426 | ||||||
|
5.00%, 08/01/26 (Call 08/01/24) |
130 | 137,179 | ||||||
|
5.00%, 08/01/29 (Call 08/01/26) |
255 | 276,393 | ||||||
|
Series A, 5.00%, 08/01/26 |
100 | 109,142 | ||||||
| Security | Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Series A-1, 5.00%, 08/01/30 (Call 08/01/26) |
$ | 145 | $ | 156,863 | ||||
|
Series B-1, 5.00%, 12/01/28 (Call 12/01/26) |
50 | 54,688 | ||||||
|
Series B-1, 5.00%, 12/01/29 (Call 12/01/26) |
200 | 217,854 | ||||||
|
Series C, 5.00%, 08/01/26 |
160 | 174,627 | ||||||
|
Series C, 5.00%, 08/01/27 (Call 02/01/26) |
180 | 194,907 | ||||||
|
Series C, 5.00%, 08/01/28 (Call 02/01/26) |
150 | 161,867 | ||||||
|
Series E, 5.00%, 08/01/30 (Call 08/01/26) |
95 | 102,772 | ||||||
|
Series J9, 5.00%, 08/01/27 (Call 08/01/26) |
305 | 333,138 | ||||||
|
County of Nassau NY GOL, 5.00%, 04/01/26 |
135 | 146,619 | ||||||
|
Hudson Yards Infrastructure Corp. RB, Series A, 5.00%, 02/15/26 |
205 | 223,443 | ||||||
|
Long Island Power Authority RB |
||||||||
|
Series A, 5.00%, 09/01/26 |
40 | 44,095 | ||||||
|
Series B, 5.00%, 09/01/26 |
195 | 214,963 | ||||||
|
Metropolitan Transportation Authority RB |
||||||||
|
4.00%, 11/15/26 |
100 | 105,632 | ||||||
|
Series B, 5.00%, 11/15/26 |
430 | 462,503 | ||||||
|
Series B-2, 5.00%, 11/15/26 |
125 | 137,343 | ||||||
|
Series C-1, 5.00%, 11/15/26 |
685 | 736,777 | ||||||
|
New York City Transitional Finance Authority Building Aid Revenue RB |
||||||||
|
5.00%, 07/15/26 (Call 01/15/26) (SAW) |
60 | 64,829 | ||||||
|
Series S1, 5.00%, 07/15/26 (SAW) |
255 | 278,848 | ||||||
|
Series S-2A, 5.00%, 07/15/26 (SAW) |
360 | 393,668 | ||||||
|
New York City Transitional Finance Authority Future Tax Secured Revenue RB |
||||||||
|
5.00%, 11/01/26 |
130 | 143,047 | ||||||
|
5.00%, 08/01/27 (Call 08/01/26) |
195 | 213,236 | ||||||
|
5.00%, 05/01/29 (Call 05/01/26) |
200 | 216,984 | ||||||
|
Series B-1, 5.00%, 08/01/29 (Call 08/01/26) |
300 | 326,796 | ||||||
|
Series C, 5.00%, 11/01/26 (Call 05/01/24) |
145 | 152,108 | ||||||
|
Series E1, 4.00%, 02/01/26 |
185 | 194,311 | ||||||
|
Series E-1, 5.00%, 02/01/30 (Call 02/01/26) |
150 | 161,811 | ||||||
|
Series F-3, 5.00%, 02/01/30 (Call 02/01/26) |
135 | 145,630 | ||||||
|
New York City Water & Sewer System RB |
||||||||
|
5.00%, 06/15/26 |
60 | 65,640 | ||||||
|
5.00%, 06/15/26 (Call 06/15/25) |
365 | 391,005 | ||||||
|
Series BB-2, 5.00%, 06/15/26 (Call 12/15/24) |
130 | 138,446 | ||||||
|
Series DD, 5.00%, 06/15/26 |
465 | 508,711 | ||||||
|
Series GG-2, 5.00%, 06/15/26 (Call 12/15/24) |
200 | 212,994 | ||||||
|
New York State Dormitory Authority RB |
||||||||
|
5.00%, 02/15/28 (Call 08/15/26) |
145 | 158,172 | ||||||
|
Series A, 5.00%, 02/15/26 (Call 02/15/24) |
130 | 135,715 | ||||||
|
Series A, 5.00%, 03/15/26 |
555 | 604,884 | ||||||
|
Series A, 5.00%, 03/15/26 (Call 03/15/24) |
100 | 104,607 | ||||||
|
Series A, 5.00%, 03/15/28 (Call 09/15/26) |
530 | 578,017 | ||||||
|
Series A, 5.00%, 02/15/29 (Call 08/15/26) |
415 | 451,824 | ||||||
|
Series A, 5.00%, 03/15/29 (Call 09/15/26) |
630 | 686,535 | ||||||
|
Series A1, 4.00%, 10/01/26 |
105 | 111,792 | ||||||
|
Series B, 5.00%, 10/01/28 (Call 04/01/26) |
110 | 120,366 | ||||||
|
Series D, 5.00%, 02/15/28 (Call 08/15/26) |
325 | 354,524 | ||||||
|
Series E, 5.00%, 03/15/26 (Call 09/15/25) |
115 | 123,975 | ||||||
|
New York State Environmental Facilities Corp. RB |
||||||||
|
5.00%, 05/15/26 (Call 05/15/24) |
105 | 110,452 | ||||||
|
5.00%, 06/15/29 (Call 06/15/26) |
240 | 262,168 | ||||||
|
Series D, 5.00%, 09/15/26 (Call 03/15/25) |
220 | 235,560 | ||||||
|
Series E, 5.00%, 06/15/26 |
50 | 54,967 | ||||||
|
New York State Thruway Authority RB |
||||||||
|
Series A, 5.00%, 01/01/26 |
125 | 135,195 | ||||||
|
Series A, 5.00%, 01/01/28 (Call 01/01/26) |
140 | 151,316 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
75 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Series L, 5.00%, 01/01/26 |
$ | 50 | $ | 54,169 | ||||
|
New York State Urban Development Corp. RB |
||||||||
|
4.00%, 03/15/26 |
80 | 84,196 | ||||||
|
5.00%, 03/15/26 |
50 | 54,452 | ||||||
|
Series A, 5.00%, 03/15/26 |
280 | 304,931 | ||||||
|
Series A, 5.00%, 03/15/27 (Call 03/15/26) |
190 | 206,333 | ||||||
|
Series A, 5.00%, 03/15/28 (Call 03/15/26) |
480 | 518,692 | ||||||
|
Series A, 5.00%, 03/15/30 (Call 03/15/26) |
170 | 183,186 | ||||||
|
Series E, 5.00%, 03/15/26 |
160 | 174,246 | ||||||
|
Port Authority of New York & New Jersey RB |
||||||||
|
5.00%, 07/15/26 |
100 | 109,895 | ||||||
|
5.00%, 09/01/26 |
110 | 121,166 | ||||||
|
5.00%, 09/01/26 (Call 09/01/24) |
195 | 206,176 | ||||||
|
Series 189, 5.00%, 05/01/26 (Call 05/01/25) |
160 | 170,904 | ||||||
|
Sales Tax Asset Receivable Corp. RB, Series A, 5.00%, 10/15/26 (PR 10/15/24) |
295 | 313,456 | ||||||
|
Triborough Bridge & Tunnel Authority RB |
||||||||
|
Series B, 5.00%, 11/15/26 |
295 | 325,082 | ||||||
|
Series C-1, 5.00%, 11/15/26 |
315 | 347,121 | ||||||
|
Utility Debt Securitization Authority RB, Series A, 5.00%, 06/15/28 (Call 06/15/26) |
250 | 273,910 | ||||||
|
|
|
|||||||
| 16,114,314 | ||||||||
| North Carolina — 1.9% | ||||||||
|
City of Charlotte NC Water & Sewer System Revenue RB, |
||||||||
|
5.00%, 07/01/26 (Call 07/01/25) |
100 | 107,866 | ||||||
|
County of Buncombe NC RB, 5.00%, 06/01/26 |
70 | 76,898 | ||||||
|
County of Forsyth NC RB, Series A, 4.00%, 04/01/26 |
105 | 110,882 | ||||||
|
County of Orange NC GO, 5.00%, 08/01/26 |
300 | 331,355 | ||||||
|
County of Union NC, 5.00%, 09/01/26 |
150 | 165,941 | ||||||
|
County of Wake NC, 5.00%, 12/01/26 |
135 | 149,678 | ||||||
|
County of Wake NC GO, 5.00%, 03/01/26 |
170 | 186,172 | ||||||
|
North Carolina Capital Facilities Finance Agency RB, 5.00%, 10/01/26 |
185 | 203,925 | ||||||
|
North Carolina Municipal Power Agency No. 1 RB, Series A, 5.00%, 01/01/29 (Call 07/01/26) |
100 | 108,451 | ||||||
|
State of North Carolina GO |
||||||||
|
5.00%, 06/01/27 (Call 06/01/26) |
150 | 164,678 | ||||||
|
Series A, 5.00%, 06/01/26 |
260 | 286,153 | ||||||
|
Series A, 5.00%, 06/01/28 (Call 06/01/26) |
150 | 164,869 | ||||||
|
Series C, 5.00%, 05/01/26 |
110 | 120,871 | ||||||
|
State of North Carolina RB |
||||||||
|
5.00%, 03/01/26 |
300 | 325,332 | ||||||
|
Series B, 5.00%, 06/01/26 |
175 | 191,889 | ||||||
|
Town of Cary NC, 5.00%, 09/01/26 |
170 | 187,845 | ||||||
|
|
|
|||||||
| 2,882,805 | ||||||||
| Ohio — 3.0% | ||||||||
|
American Municipal Power Inc. RB, 5.00%, 02/15/26 |
500 | 543,287 | ||||||
|
City of Cincinnati OH Water System Revenue RB, 5.00%, 12/01/29 (Call 12/01/26) |
145 | 160,170 | ||||||
|
City of Columbus OH GO |
||||||||
|
Series 2, 5.00%, 07/01/26 |
185 | 203,240 | ||||||
|
Series A, 4.00%, 08/15/26 (Call 08/15/25) |
315 | 330,191 | ||||||
|
City of Columbus OH Sewerage Revenue RB, 5.00%, 06/01/29 (Call 06/01/26) |
150 | 164,111 | ||||||
|
County of Franklin OH GOL, 5.00%, 12/01/26 (Call 12/01/25) |
65 | 70,775 | ||||||
|
County of Hamilton OH Sales Tax Revenue RB, Series A, 5.00%, 12/01/26 |
110 | 120,959 | ||||||
|
Ohio State University (The) RB, 5.00%, 12/01/26 |
45 | 49,687 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Ohio (continued) |
||||||||
|
Ohio Water Development Authority RB |
||||||||
|
5.00%, 12/01/27 (Call 12/01/26) |
$ | 265 | $ | 292,965 | ||||
|
5.00%, 06/01/28 (Call 12/01/26) |
100 | 110,598 | ||||||
|
5.00%, 12/01/29 (Call 12/01/26) |
100 | 110,507 | ||||||
|
Ohio Water Development Authority Water Pollution Control Loan Fund RB, 5.00%, 06/01/26 |
450 | 493,796 | ||||||
|
State of Ohio COP, 5.00%, 09/01/26 |
230 | 252,852 | ||||||
|
State of Ohio GO |
||||||||
|
5.00%, 06/15/26 |
260 | 285,080 | ||||||
|
5.00%, 09/15/26 |
100 | 110,141 | ||||||
|
Series A, 5.00%, 05/01/26 |
110 | 120,344 | ||||||
|
Series B, 4.00%, 09/01/26 (Call 03/01/24) |
100 | 102,832 | ||||||
|
Series S, 5.00%, 05/01/26 |
150 | 164,225 | ||||||
|
Series S, 5.00%, 05/01/28 (Call 05/01/26) |
100 | 109,165 | ||||||
|
Series S, 5.00%, 05/01/30 (Call 05/01/26) |
100 | 108,927 | ||||||
|
Series U, 5.00%, 05/01/26 |
205 | 224,441 | ||||||
|
State of Ohio RB |
||||||||
|
5.00%, 12/15/28 (Call 06/15/26) |
395 | 430,839 | ||||||
|
Series B, 5.00%, 10/01/26 |
110 | 121,108 | ||||||
|
|
|
|||||||
| 4,680,240 | ||||||||
| Oklahoma — 0.6% | ||||||||
|
Grand River Dam Authority RB |
||||||||
|
Series A, 5.00%, 06/01/26 |
275 | 299,867 | ||||||
|
Series A, 5.00%, 06/01/28 (Call 12/01/26) |
110 | 120,710 | ||||||
|
Oklahoma Capitol Improvement Authority RB, 5.00%, 07/01/29 (Call 07/01/26) |
150 | 164,105 | ||||||
|
Oklahoma Turnpike Authority RB, 5.00%, 01/01/26 |
175 | 190,357 | ||||||
|
Oklahoma Water Resources Board RB, 5.00%, 04/01/27 (Call 04/01/26) |
175 | 191,287 | ||||||
|
|
|
|||||||
| 966,326 | ||||||||
| Oregon — 2.2% | ||||||||
|
City of Portland OR GOL, Series B, 5.00%, 06/15/26 |
150 | 164,901 | ||||||
|
City of Portland OR Sewer System Revenue RB |
||||||||
|
5.00%, 03/01/26 |
205 | 223,560 | ||||||
|
Series A, 5.00%, 05/01/27 (Call 05/01/26) |
185 | 202,102 | ||||||
|
Series B, 5.00%, 10/01/26 (Call 10/01/24) |
90 | 95,304 | ||||||
|
Multnomah County School District No. 1 Portland/OR GO, 5.00%, 06/15/26 (GTD) |
265 | 290,889 | ||||||
|
Oregon State Lottery RB, Series C, 5.00%, 04/01/26 (Call 04/01/25) (MO) |
495 | 529,628 | ||||||
|
Portland Community College District GO |
||||||||
|
5.00%, 06/15/26 |
150 | 164,593 | ||||||
|
5.00%, 06/15/28 (Call 06/15/26) |
140 | 152,874 | ||||||
|
5.00%, 06/15/29 (Call 06/15/26) |
145 | 158,038 | ||||||
|
Salem-Keizer School District No. 24J GO, Series B, 5.00%, 06/15/26 (GTD) |
350 | 384,049 | ||||||
|
State of Oregon Department of Transportation RB |
||||||||
|
5.00%, 11/15/26 |
100 | 110,558 | ||||||
|
Series B, 5.00%, 11/15/26 |
180 | 199,004 | ||||||
|
State of Oregon GO |
||||||||
|
5.00%, 05/01/26 |
130 | 142,328 | ||||||
|
5.00%, 08/01/26 (Call 08/01/25) |
125 | 134,840 | ||||||
|
5.00%, 06/01/29 (Call 06/01/26) |
100 | 109,245 | ||||||
|
Series C, 5.00%, 06/01/26 |
65 | 71,273 | ||||||
|
Series G, 5.00%, 12/01/29 (Call 12/01/26) |
145 | 159,906 | ||||||
|
Series O, 5.00%, 08/01/26 (Call 08/01/25) |
70 | 75,624 | ||||||
|
|
|
|||||||
| 3,368,716 | ||||||||
| Pennsylvania — 2.5% | ||||||||
|
City of Philadelphia PA GO, Series A, 5.00%, 08/01/26 |
185 | 202,067 | ||||||
| 76 |
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 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Pennsylvania (continued) |
||||||||
|
Commonwealth of Pennsylvania GO |
||||||||
|
5.00%, 09/15/29 (Call 09/15/26) |
$ | 125 | $ | 135,949 | ||||
|
First Series, 5.00%, 09/15/26 |
225 | 247,133 | ||||||
|
First Series, 5.00%, 09/15/27 (Call 09/15/26) |
180 | 197,161 | ||||||
|
Second Series, 5.00%, 09/15/26 |
360 | 395,413 | ||||||
|
Second Series, 5.00%, 09/15/28 (Call 09/15/26) |
440 | 479,863 | ||||||
|
County of Bucks PA GO, 5.00%, 06/01/26 |
150 | 164,477 | ||||||
|
County of Chester PA GO, Series A, 4.00%, 07/15/27 (Call 07/15/26) |
200 | 211,129 | ||||||
|
Delaware River Port Authority RB, Series B, 5.00%, 01/01/26 |
240 | 260,798 | ||||||
|
Pennsylvania State University (The) RB, 5.00%, 03/01/26 |
240 | 261,179 | ||||||
|
Pennsylvania Turnpike Commission RB |
||||||||
|
5.00%, 06/01/26 |
405 | 439,011 | ||||||
|
Series A 1, 5.00%, 12/01/26 |
150 | 165,352 | ||||||
|
Series A-1, 5.00%, 12/01/26 (Call 06/01/25) |
100 | 107,414 | ||||||
|
Series A-2, 5.00%, 12/01/26 |
305 | 336,215 | ||||||
|
School District of Philadelphia (The) GOL, Series A, 5.00%, 09/01/26 (SAW) |
100 | 108,568 | ||||||
|
University of Pittsburgh-of the Commonwealth System of Higher Education RB, 4.00%, 04/15/26 (Call 02/15/26) |
150 | 157,337 | ||||||
|
|
|
|||||||
| 3,869,066 | ||||||||
| Rhode Island — 0.2% | ||||||||
|
Rhode Island Commerce Corp. RB, Series A, 5.00%, 06/15/26 |
115 | 124,593 | ||||||
|
Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund RB, 5.00%, 10/01/26 (Call 10/01/25) |
125 | 135,085 | ||||||
|
|
|
|||||||
| 259,678 | ||||||||
| South Carolina — 0.1% | ||||||||
|
South Carolina Public Service Authority RB, 5.00%, 12/01/26 |
200 | 218,841 | ||||||
|
|
|
|||||||
| Tennessee — 2.7% | ||||||||
|
City of Knoxville TN Electric System Revenue RB, Series HH, 5.00%, 07/01/26 |
190 | 208,024 | ||||||
|
City of Memphis TN GO, Series A, 5.00%, 04/01/26 (Call 04/01/25) |
315 | 337,086 | ||||||
|
County of Blount TN Go, Series B, 5.00%, 06/01/26 |
75 | 82,238 | ||||||
|
County of Blount TN GO |
||||||||
|
5.00%, 06/01/28 (Call 06/01/26) |
120 | 130,851 | ||||||
|
Series B, 5.00%, 06/01/27 (Call 06/01/26) |
135 | 147,716 | ||||||
|
County of Montgomery TN GO, 5.00%, 04/01/26 |
140 | 152,811 | ||||||
|
County of Shelby TN GO, 5.00%, 04/01/26 |
250 | 273,267 | ||||||
|
County of Washington TN GO, Series A, 4.00%, 06/01/29 (Call 06/01/26) |
150 | 156,983 | ||||||
|
County of Williamson TN GO, 5.00%, 04/01/26 |
120 | 131,403 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Electric Revenue RB, Series B, 5.00%, 05/15/26 |
405 | 443,724 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN GO |
||||||||
|
4.00%, 01/01/28 (Call 07/01/26) |
210 | 220,670 | ||||||
|
5.00%, 01/01/26 |
80 | 86,874 | ||||||
|
5.00%, 01/01/27 (Call 07/01/26) |
175 | 191,331 | ||||||
|
Series C, 5.00%, 01/01/26 |
180 | 195,467 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB, Series B, 5.00%, 07/01/26 |
265 | 291,018 | ||||||
|
State of Tennessee GO |
||||||||
|
Series A, 5.00%, 08/01/26 |
165 | 182,175 | ||||||
|
Series A, 5.00%, 08/01/27 (Call 08/01/26) |
100 | 110,106 | ||||||
|
Series A, 5.00%, 08/01/28 (Call 08/01/26) |
190 | 209,008 | ||||||
|
Series B, 5.00%, 08/01/27 (Call 08/01/26) |
130 | 143,137 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Tennessee (continued) |
||||||||
|
Tennessee State School Bond Authority RB |
||||||||
|
5.00%, 11/01/26 (ST INTERCEPT) |
$ | 215 | $ | 236,100 | ||||
|
Series B, 5.00%, 11/01/26 |
305 | 334,932 | ||||||
|
|
|
|||||||
| 4,264,921 | ||||||||
| Texas — 10.5% | ||||||||
|
Aldine Independent School District GO, 5.00%, 02/15/26 (PSF) |
50 | 54,498 | ||||||
|
Allen Independent School District GO |
||||||||
|
5.00%, 02/15/26 (PSF) |
120 | 130,479 | ||||||
|
5.00%, 02/15/27 (Call 02/15/26) (PSF) |
100 | 109,110 | ||||||
|
Alvin Independent School District/TX GO, 5.00%, 02/15/27 (Call 02/15/26) (PSF) |
225 | 245,073 | ||||||
|
Austin Community College District Public Facility Corp. RB, 5.00%, 08/01/26 (Call 08/01/25) |
65 | 69,927 | ||||||
|
Austin Independent School District GO |
||||||||
|
5.00%, 08/01/26 (PSF) |
100 | 109,604 | ||||||
|
5.00%, 08/01/28 (Call 08/01/26) (PSF) |
90 | 98,644 | ||||||
|
Series A, 5.00%, 08/01/30 (Call 08/01/26) (PSF) |
105 | 114,511 | ||||||
|
Series C, 5.00%, 08/01/26 |
100 | 109,815 | ||||||
|
Board of Regents of the University of Texas System |
||||||||
|
Series C, 5.00%, 08/15/26 |
140 | 153,908 | ||||||
|
Series J, 5.00%, 08/15/26 |
235 | 258,345 | ||||||
|
Board of Regents of the University of Texas System RB |
||||||||
|
5.00%, 08/15/27 (Call 08/15/26) |
150 | 164,901 | ||||||
|
5.00%, 08/15/28 (Call 08/15/26) |
100 | 109,891 | ||||||
|
City of Austin TX GOL |
||||||||
|
5.00%, 09/01/28 (Call 09/01/26) |
220 | 241,102 | ||||||
|
5.00%, 09/01/29 (Call 09/01/26) |
125 | 136,882 | ||||||
|
City of Austin TX RB, 5.00%, 09/01/26 |
125 | 137,420 | ||||||
|
City of Austin TX Water & Wastewater System Revenue RB, 5.00%, 11/15/26 |
260 | 286,747 | ||||||
|
City of Dallas TX Waterworks & Sewer System Revenue RB |
||||||||
|
Series A, 5.00%, 10/01/27 (Call 10/01/26) |
140 | 154,444 | ||||||
|
Series A, 5.00%, 10/01/29 (Call 10/01/26) |
170 | 187,390 | ||||||
|
City of Fort Worth TX GOL, 5.00%, 03/01/26 |
95 | 103,275 | ||||||
|
City of Fort Worth TX Water & Sewer System Revenue RB, 5.00%, 02/15/26 (Call 02/15/25) |
115 | 123,019 | ||||||
|
City of Houston TX Airport System Revenue RB, 5.00%, 07/01/26 |
165 | 179,225 | ||||||
|
City of Houston TX Combined Utility System Revenue RB |
||||||||
|
5.00%, 11/15/26 |
135 | 148,645 | ||||||
|
Series B, 5.00%, 11/15/28 (Call 11/15/26) |
100 | 109,480 | ||||||
|
Series D, 5.00%, 11/15/26 (Call 11/15/24) |
50 | 52,954 | ||||||
|
City of Houston TX GOL, Series A, 5.00%, 03/01/26 (Call 03/01/24) |
100 | 104,353 | ||||||
|
City of San Antonio TX Electric & Gas Systems Revenue RB |
||||||||
|
5.00%, 02/01/26 (Call 02/01/24) |
125 | 130,516 | ||||||
|
5.00%, 02/01/30 (Call 08/01/26) |
215 | 233,844 | ||||||
|
Series A, 5.00%, 02/01/26 |
125 | 135,213 | ||||||
|
City of San Antonio TX GOL |
||||||||
|
5.00%, 02/01/26 (Call 02/01/25) |
200 | 213,445 | ||||||
|
5.00%, 08/01/26 |
205 | 225,469 | ||||||
|
Clear Creek Independent School District GO |
||||||||
|
Series A, 5.00%, 02/15/26 (Call 02/15/25) (PSF) |
60 | 64,167 | ||||||
|
Series D, 5.00%, 02/15/26 (Call 02/15/24) (PSF) |
70 | 73,278 | ||||||
|
Conroe Independent School District GO, 5.00%, 02/15/26 (PSF) . |
150 | 163,552 | ||||||
|
County of Bexar TX GOL |
||||||||
|
5.00%, 06/15/26 (Call 06/15/24) |
90 | 94,929 | ||||||
|
5.00%, 06/15/29 (Call 06/15/26) |
250 | 274,858 | ||||||
|
County of Fort Bend TX GOL, Series B, 5.00%, 03/01/28 (Call 03/01/26) |
120 | 130,772 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
77 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
County of Harris TX GO, Series A, 5.00%, 10/01/26 |
$ | 120 | $ | 132,381 | ||||
|
County of Harris TX RB, 5.00%, 08/15/26 (Call 08/15/25) |
310 | 333,957 | ||||||
|
County of Travis TX GOL, 5.00%, 03/01/29 (Call 03/01/26) |
210 | 228,371 | ||||||
|
Crowley Independent School District GO, Series A, 5.00%, 08/01/26 (Call 08/01/25) (PSF) |
50 | 53,936 | ||||||
|
Cypress-Fairbanks Independent School District GO, 5.00%, 02/15/26 (PSF) |
255 | 277,557 | ||||||
|
Dallas Area Rapid Transit RB |
||||||||
|
5.00%, 12/01/26 |
100 | 110,416 | ||||||
|
Series A, 5.00%, 12/01/26 (PR 12/01/24) |
60 | 63,770 | ||||||
|
Series B, 5.00%, 12/01/28 (Call 12/01/26) |
210 | 232,257 | ||||||
|
Dallas Fort Worth International Airport RB, Series A, 5.00%, 11/01/26 |
200 | 218,387 | ||||||
|
Dallas/Fort Worth International Airport RB, 5.00%, 11/01/26 |
160 | 174,710 | ||||||
|
Denton Independent School District GO |
||||||||
|
5.00%, 08/15/27 (Call 02/15/26) (PSF) |
175 | 190,612 | ||||||
|
5.00%, 08/15/29 (Call 02/15/26) (PSF) |
150 | 162,760 | ||||||
|
Keller Independent School District/TX GO |
||||||||
|
5.00%, 02/15/26 ( 02/15/25) (PSF) |
70 | 74,790 | ||||||
|
5.00%, 02/15/26 (Call 02/15/25) (PSF) |
80 | 85,511 | ||||||
|
Klein Independent School District GO, 5.00%, 08/01/26 (PSF) |
75 | 82,298 | ||||||
|
Leander Independent School District GO |
||||||||
|
5.00%, 08/15/28 (Call 02/15/26) (PSF) |
100 | 108,582 | ||||||
|
Series A, 5.00%, 08/15/27 (Call 08/15/26) (PSF) |
100 | 109,934 | ||||||
|
Series C, 5.00%, 08/15/26 (PSF) |
170 | 187,251 | ||||||
|
Lewisville Independent School District RB, 5.00%, 08/15/26 (PSF) |
140 | 153,728 | ||||||
|
Lone Star College System GOL, 5.00%, 02/15/28 (Call 02/15/26) |
235 | 255,168 | ||||||
|
Lower Colorado River Authority RB |
||||||||
|
5.00%, 05/15/26 |
225 | 244,261 | ||||||
|
5.00%, 05/15/26 (Call 05/15/24) |
135 | 141,927 | ||||||
|
Series B, 5.00%, 05/15/26 (Call 05/15/25) |
130 | 138,610 | ||||||
|
Mansfield Independent School District GO, Series B, 5.00%, 02/15/26 (PSF) |
100 | 108,733 | ||||||
|
Metropolitan Transit Authority of Harris County Sales & Use Tax Revenue RB |
||||||||
|
5.00%, 11/01/27 (Call 11/01/26) |
210 | 232,674 | ||||||
|
5.00%, 11/01/28 (Call 11/01/26) |
165 | 182,816 | ||||||
|
5.00%, 11/01/29 (Call 11/01/26) |
135 | 149,213 | ||||||
|
Series B, 5.00%, 11/01/26 (Call 11/01/25) |
150 | 162,998 | ||||||
|
North East Independent School District/TX GO |
||||||||
|
4.00%, 08/01/27 (Call 08/01/26) (PSF) |
150 | 158,602 | ||||||
|
4.00%, 08/01/30 (Call 08/01/26) (PSF) |
150 | 156,878 | ||||||
|
North Texas Municipal Water District RB, 5.00%, 06/01/28 (Call 06/01/26) |
200 | 218,814 | ||||||
|
North Texas Municipal Water District Water System Revenue RB, 5.00%, 09/01/30 (Call 09/01/26) |
35 | 38,342 | ||||||
|
North Texas Tollway Authority RB |
||||||||
|
5.00%, 01/01/26 |
250 | 269,754 | ||||||
|
5.00%, 01/01/26 (Call 01/01/25) |
115 | 121,638 | ||||||
|
5.00%, 01/01/28 (Call 01/01/26) |
125 | 134,155 | ||||||
|
Series A, 5.00%, 01/01/26 |
50 | 54,187 | ||||||
|
Series A, 5.00%, 01/01/28 (Call 01/01/26) |
120 | 129,048 | ||||||
|
Series B, 5.00%, 01/01/26 (Call 01/01/25) |
125 | 132,645 | ||||||
|
Series B, 5.00%, 01/01/27 (Call 01/01/26) |
150 | 161,364 | ||||||
|
Series B, 5.00%, 01/01/29 (Call 01/01/26) |
190 | 203,505 | ||||||
|
Northside Independent School District GO, 4.00%, 08/15/26 (PSF) |
190 | 201,131 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Northside Independent School District RB, 5.00%, 08/15/26 (Call 08/15/25) |
$ | 130 | $ | 140,516 | ||||
|
Northwest Independent School District GO, 5.00%, 02/15/29 (Call 02/15/26) (PSF) |
230 | 251,231 | ||||||
|
Permanent University Fund - Texas A&M University System RB, Series A, 5.50%, 07/01/26 (Call 07/01/25) |
210 | 229,188 | ||||||
|
Permanent University Fund - University of Texas System RB, 5.00%, 07/01/26 (Call 07/01/25) |
225 | 242,372 | ||||||
|
Plano Independent School District GO |
||||||||
|
Series A, 5.00%, 02/15/28 (Call 02/15/26) (PSF) |
150 | 163,212 | ||||||
|
Series A, 5.00%, 02/15/29 (Call 02/15/26) |
100 | 108,620 | ||||||
|
San Antonio Independent School District/TX GO, 5.00%, 08/15/26 (PSF) |
150 | 165,350 | ||||||
|
San Jacinto Community College District, 5.00%, 02/15/26 (Call 02/15/25) |
150 | 160,334 | ||||||
|
State of Texas GO |
||||||||
|
5.00%, 04/01/26 |
110 | 120,152 | ||||||
|
5.00%, 10/01/26 |
150 | 165,344 | ||||||
|
5.00%, 04/01/29 (Call 04/01/26) |
180 | 195,004 | ||||||
|
Series A, 5.00%, 04/01/29 (Call 04/01/26) |
100 | 108,336 | ||||||
|
Series B-1, 5.00%, 08/01/27 (Call 08/01/26) |
155 | 169,756 | ||||||
|
State of Texas GOL, 5.00%, 08/01/26 (Call 08/01/25) |
100 | 107,807 | ||||||
|
Texas A&M University RB |
||||||||
|
4.00%, 05/15/27 (CALL 05/15/26) |
100 | 105,944 | ||||||
|
4.00%, 05/15/28 (Call 05/15/26) |
100 | 105,590 | ||||||
|
Series C, 5.00%, 05/15/26 |
75 | 82,050 | ||||||
|
Series E, 4.00%, 05/15/27 (Call 05/15/26) |
100 | 105,944 | ||||||
|
Texas State University System RB, Series A, 5.00%, 03/15/26 |
70 | 76,314 | ||||||
|
Texas Transportation Commission State Highway Fund RB |
||||||||
|
5.25%, 04/01/26 |
95 | 104,498 | ||||||
|
Series A, 5.00%, 10/01/26 |
280 | 308,151 | ||||||
|
Series A, 5.00%, 10/01/30 (Call 10/01/26) |
200 | 219,932 | ||||||
|
Texas Water Development Board RB |
||||||||
|
5.00%, 04/15/26 (Call 10/15/25) |
90 | 97,802 | ||||||
|
Series A, 5.00%, 10/15/26 |
230 | 253,601 | ||||||
|
Series B, 5.00%, 04/15/26 |
70 | 76,489 | ||||||
|
Series B, 5.00%, 10/15/26 |
350 | 385,915 | ||||||
|
|
|
|||||||
| 16,260,808 | ||||||||
| Utah — 0.8% | ||||||||
|
Intermountain Power Agency, 5.00%, 07/01/26 |
55 | 60,188 | ||||||
|
State of Utah GO |
||||||||
|
5.00%, 07/01/26 |
660 | 727,546 | ||||||
|
Series B, 5.00%, 07/01/26 |
115 | 126,769 | ||||||
|
University of Utah (The) RB |
||||||||
|
5.00%, 08/01/28 (Call 08/01/26) |
160 | 175,570 | ||||||
|
Series B-1, 5.00%, 08/01/26 (SAP) |
100 | 109,773 | ||||||
|
Utah Transit Authority RB, Series A, 5.00%, 06/15/26 (PR 06/15/25) |
65 | 70,039 | ||||||
|
|
|
|||||||
| 1,269,885 | ||||||||
| Vermont — 0.1% | ||||||||
|
Vermont Municipal Bond Bank RB, Series 4, 5.00%, 12/01/26 |
100 | 110,918 | ||||||
|
|
|
|||||||
| Virginia — 4.2% | ||||||||
|
City of Chesapeake VA GO, 5.00%, 08/01/26 (SAW) |
120 | 132,389 | ||||||
|
City of Falls Church VA GO, Series B, 5.00%, 07/15/27 (Call 07/15/26) |
175 | 192,317 | ||||||
|
City of Newport News VA GO, Series A, 4.00%, 08/01/26 |
180 | 190,992 | ||||||
|
City of Norfolk VA GO, Series B, 4.00%, 10/01/28 (Call 10/01/26) |
185 | 194,826 | ||||||
|
City of Richmond VA GO, Series D, 5.00%, 03/01/26 (SAW) |
60 | 65,616 | ||||||
| 78 |
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 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Virginia (continued) |
||||||||
|
City of Richmond VA Public Utility Revenue RB, 5.00%, 01/15/27 (Call 01/15/26) |
$ | 245 | $ | 266,521 | ||||
|
City of Suffolk VA GO |
||||||||
|
5.00%, 02/01/26 |
80 | 87,402 | ||||||
|
5.00%, 02/01/26 (Call 02/01/25) (SAW) |
225 | 240,559 | ||||||
|
Commonwealth of Virginia GO, 5.00%, 06/01/26 |
50 | 54,866 | ||||||
|
County of Arlington VA GO |
||||||||
|
5.00%, 08/15/26 |
40 | 44,145 | ||||||
|
Series A, 5.00%, 08/15/30 (PR 08/15/26) |
160 | 176,457 | ||||||
|
County of Chesterfield VA GO, Series B, 5.00%, 01/01/26 |
185 | 201,777 | ||||||
|
County of Fairfax VA GO |
||||||||
|
Series A, 4.00%, 10/01/26 |
80 | 85,002 | ||||||
|
Series A, 4.00%, 10/01/26 (Call 04/01/26) (SAW) |
160 | 169,354 | ||||||
|
County of Fairfax VA Sewer Revenue RB, Series A, 5.00%, 07/15/29 (Call 07/15/26) |
230 | 252,278 | ||||||
|
County of Henrico VA GO, 5.00%, 08/01/26 |
100 | 110,027 | ||||||
|
County of Loudoun VA GO |
||||||||
|
5.00%, 12/01/26 (SAW) |
95 | 105,155 | ||||||
|
Series A, 5.00%, 12/01/26 |
165 | 182,638 | ||||||
|
Series A, 5.00%, 12/01/26 (Call 12/01/25) |
175 | 190,235 | ||||||
|
Hampton Roads Sanitation District RB, 5.00%, 08/01/27 (Call 08/01/26) |
55 | 60,306 | ||||||
|
Prince William County Industrial Development Authority RB, 5.00%, 10/01/26 |
100 | 110,361 | ||||||
|
Virginia College Building Authority RB |
||||||||
|
5.00%, 02/01/29 (Call 02/01/26) |
150 | 162,534 | ||||||
|
5.00%, 09/01/29
(Call 09/01/26) |
285 | 311,482 | ||||||
|
5.00%, 09/01/29
(PR 09/01/26) |
15 | 16,490 | ||||||
|
Series A, 5.00%, 02/01/26 |
160 | 173,966 | ||||||
|
Series
A, 5.00%, 09/01/27 (Call 09/01/26) |
250 | 275,378 | ||||||
|
Series B, 5.00%, 09/01/26 (Call 09/01/25) |
75 | 80,942 | ||||||
|
Virginia Commonwealth Transportation Board RB |
||||||||
|
5.00%, 05/15/26 (Call 05/15/24) |
100 | 105,274 | ||||||
|
5.00%, 09/15/26 |
275 | 302,530 | ||||||
|
5.00%, 09/15/27 (Call 09/15/26) |
200 | 220,021 | ||||||
|
Series A, 5.00%, 05/15/26 |
200 | 218,721 | ||||||
|
Virginia Public Building Authority RB |
||||||||
|
Series A, 5.00%, 08/01/26 |
115 | 125,803 | ||||||
|
Series B, 5.00%, 08/01/26 |
205 | 224,257 | ||||||
|
Series C, 4.00%, 08/01/26 (Call 08/01/24) |
100 | 103,708 | ||||||
|
Virginia Public School Authority RB |
||||||||
|
5.00%, 08/01/26 (SAW) |
215 | 236,194 | ||||||
|
Series B, 5.00%, 08/01/26 |
215 | 236,194 | ||||||
|
Virginia Resources Authority RB |
||||||||
|
5.00%, 11/01/26 |
110 | 121,532 | ||||||
|
5.00%, 11/01/26 (Call 11/01/25) |
215 | 233,254 | ||||||
|
Series A, 5.00%, 11/01/26 |
300 | 331,450 | ||||||
|
|
|
|||||||
| 6,592,953 | ||||||||
| Washington — 4.5% | ||||||||
|
Central Puget Sound Regional Transit Authority RB |
||||||||
|
Series S-1, 5.00%, 11/01/26 (Put 11/01/25) |
70 | 75,894 | ||||||
|
SERIES S-1, 5.00%, 11/01/26 |
225 | 248,587 | ||||||
|
City of Seattle WA Drainage & Wastewater Revenue RB, 5.00%, 07/01/26 |
120 | 131,782 | ||||||
|
City of Seattle WA GOL |
||||||||
|
4.00%, 04/01/28 (Call 04/01/26) |
80 | 84,268 | ||||||
|
Series A, 5.00%, 06/01/26 (Call 06/01/25) |
175 | 188,298 | ||||||
|
City of Seattle WA Municipal Light & Power Revenue RB |
||||||||
|
4.00%, 10/01/27 (Call 10/01/26) |
100 | 105,909 | ||||||
|
4.00%, 04/01/29 (Call 04/01/26) |
85 | 89,179 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Washington (continued) |
||||||||
|
Series B, 5.00%, 04/01/26 |
$ | 105 | $ | 114,567 | ||||
|
Series B, 5.00%, 04/01/27 (Call 04/01/26) |
105 | 114,485 | ||||||
|
Series B, 5.00%, 04/01/28 (Call 04/01/26) |
105 | 114,445 | ||||||
|
City of Seattle WA Water System Revenue RB, 5.00%, 08/01/26 |
145 | 159,478 | ||||||
|
City of Spokane WA GO, 5.00%, 12/01/26 |
160 | 177,250 | ||||||
|
Clark County School District No. 37 Vancouver GO, 5.00%, 12/01/26 (GTD) |
165 | 183,090 | ||||||
|
County
of King WA GOL, 5.00%, 07/01/26 |
160 | 170,680 | ||||||
|
County of King WA Sewer Revenue RB, Series B, 5.00%, 07/01/26 |
340 | 372,676 | ||||||
|
County of Pierce WA GOL, Series A, 5.00%, 07/01/26 |
85 | 93,345 | ||||||
|
County of Spokane WA GOL, 5.00%, 12/01/26 |
60 | 66,250 | ||||||
|
Energy Northwest RB |
||||||||
|
Series A, 5.00%, 07/01/26 |
740 | 811,119 | ||||||
|
Series C-1, 5.00%, 07/01/26 (Call 07/01/24) |
215 | 226,287 | ||||||
|
King County School District No. 401 Highline GO, 5.00%, 12/01/28 (Call 12/01/26) (GTD) |
165 | 182,037 | ||||||
|
King County School District No. 414 Lake Washington GO, 4.00%, 12/01/26 (Call 06/01/26) (GTD) |
440 | 464,981 | ||||||
|
Pierce County School District No 10 Tacoma GO, 5.00%, 12/01/26 (Call 12/01/25) (GTD) |
145 | 157,364 | ||||||
|
Pierce County School District No. 402 Franklin Pierce GO, 5.00%, 12/01/27 (Call 12/01/26) (GTD) |
100 | 110,872 | ||||||
|
Port of Seattle WA RB |
||||||||
|
5.00%, 02/01/26 |
230 | 248,877 | ||||||
|
5.00%, 06/01/26 |
55 | 59,862 | ||||||
|
Port of Tacoma WA GOL, Series A, 5.00%, 12/01/29 (Call 12/01/26) |
100 | 110,325 | ||||||
|
State of Washington GO |
||||||||
|
0.00%, 06/01/26 (AMBAC)(b) |
100 | 89,297 | ||||||
|
5.00%, 07/01/26 (Call 01/01/26) |
115 | 125,008 | ||||||
|
5.00%, 08/01/26 |
115 | 126,240 | ||||||
|
5.00%, 08/01/26 (Call 08/01/25) |
80 | 86,298 | ||||||
|
5.00%, 08/01/27 (Call 08/01/26) |
130 | 142,650 | ||||||
|
Series 2017-A, 5.00%, 08/01/30 (Call 08/01/26) |
115 | 125,320 | ||||||
|
Series 2020-A, 5.00%, 08/01/26 |
140 | 153,682 | ||||||
|
Series B, 5.00%, 02/01/26 (Call 02/01/25) |
175 | 186,861 | ||||||
|
Series B, 5.00%, 08/01/28 (Call 08/01/26) |
100 | 109,436 | ||||||
|
Series B, 5.00%, 08/01/30 (Call 08/01/26) |
235 | 256,089 | ||||||
|
Series C, 5.00%, 02/01/26 |
75 | 81,574 | ||||||
|
Series R, 5.00%, 08/01/28 (Call 08/01/26) |
165 | 180,569 | ||||||
|
University of Washington RB |
||||||||
|
Series A, 5.00%, 12/01/26 |
225 | 248,028 | ||||||
|
Series A, 5.00%, 12/01/28 (Call 12/01/26) |
140 | 153,757 | ||||||
|
|
|
|||||||
| 6,926,716 | ||||||||
| West Virginia — 0.7% | ||||||||
|
School Building Authority of West Virginia RB, Series A, 5.00%, 07/01/26 (Call 07/01/24) |
145 | 152,926 | ||||||
|
State of West Virginia GO |
||||||||
|
5.00%, 06/01/26 |
100 | 109,651 | ||||||
|
5.00%, 12/01/26 |
110 | 121,709 | ||||||
|
Series A, 0.00%, 11/01/26 (NPFGC)(b) |
100 | 88,808 | ||||||
|
Series B, 5.00%, 12/01/26 |
130 | 143,837 | ||||||
|
West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/26 |
255 | 280,007 | ||||||
|
West Virginia Parkways Authority RB, 5.00%, 06/01/26 |
155 | 169,770 | ||||||
|
|
|
|||||||
| 1,066,708 | ||||||||
|
S C H E D U L E O F I N V E S T M E N T S |
79 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2026 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
|
||||||||
|
Wisconsin — 1.8% |
||||||||
|
State of Wisconsin Environmental Improvement Fund Revenue RB, Series A, 5.00%, 06/01/26 |
$ | 95 | $ | 104,284 | ||||
|
State of Wisconsin GO |
||||||||
|
4.00%, 05/01/26 (Call 05/01/24) |
100 | 102,967 | ||||||
|
5.00%, 11/01/26 |
205 | 226,124 | ||||||
|
Series 1, 4.00%, 11/01/26 (Call 05/01/25) |
190 | 197,455 | ||||||
|
Series 1, 5.00%, 05/01/26 |
75 | 81,993 | ||||||
|
Series 1, 5.00%, 11/01/26 (Call 05/01/25) |
380 | 407,371 | ||||||
|
Series 3, 5.00%, 11/01/26 |
110 | 121,335 | ||||||
|
State of Wisconsin RB |
||||||||
|
Series A, 5.00%, 05/01/26 |
310 | 337,919 | ||||||
|
Series B, 5.00%, 05/01/28 (Call 05/01/26) |
180 | 196,783 | ||||||
|
Wisconsin Department of Transportation RB |
||||||||
|
5.00%, 07/01/27 (Call 07/01/26) |
300 | 329,454 | ||||||
|
5.00%, 07/01/28 (Call 07/01/26) |
145 | 158,515 | ||||||
|
Series 1, 5.00%, 07/01/26 (Call 07/01/25) |
290 | 312,207 | ||||||
|
Series 2, 5.00%, 07/01/26 |
95 | 104,446 | ||||||
|
WPPI
Energy RB, Series A, 5.00%, 07/01/26 |
35 | 36,853 | ||||||
|
|
|
|||||||
| 2,717,706 | ||||||||
|
|
|
|||||||
|
Total
Municipal Debt Obligations — 98.5% |
152,827,614 | |||||||
|
|
|
|||||||
| Security |
Shares (000) |
Value | ||||||
|
|
||||||||
|
Short-Term Investments |
||||||||
|
Money Market Funds — 0.4% |
||||||||
|
BlackRock Liquidity Funds: MuniCash, 0.25%(c)(d) |
615 | $ | 615,378 | |||||
|
|
|
|||||||
|
Total
Short-Term Investments — 0.4% |
615,378 | |||||||
|
|
|
|||||||
|
Total
Investments in Securities — 98.9% |
153,442,992 | |||||||
|
Other Assets, Less Liabilities — 1.1% |
1,689,501 | |||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 155,132,493 | ||||||
|
|
|
|||||||
| (a) |
Variable rate security. Rate as of period end and maturity is the date the principal owed can be recovered through demand. |
| (b) |
Zero-coupon bond. |
| (c) |
Affiliate of the Fund. |
| (d) |
Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 04/30/22 |
Shares Held at 04/30/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Liquidity Funds: MuniCash |
$ | 604,744 | $10,603 | (a) | $ | — | $ | (25 | ) | $ | 56 | $ | 615,378 | 615 | $ | 364 | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
|
||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
|
||||||||||||||||
|
Investments |
||||||||||||||||
|
Assets |
||||||||||||||||
|
Municipal Debt Obligations |
$ | — | $ | 152,827,614 | $ | — | $ | 152,827,614 | ||||||||
|
Money Market Funds |
615,378 | — | — | 615,378 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 615,378 | $ | 152,827,614 | $ | — | $ | 153,442,992 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
| 80 |
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) April 30, 2022 |
iShares® iBonds® Dec 2027 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Municipal Debt Obligations |
||||||||
|
Alabama — 1.9% |
||||||||
|
Alabama Federal Aid Highway Finance Authority RB |
||||||||
|
Series A, 5.00%, 09/01/27 |
$ | 100 | $ | 112,008 | ||||
|
Series A, 5.00%, 09/01/29 (PR 09/01/27) |
100 | 112,008 | ||||||
|
Alabama Highway Finance Corp. RB, 5.00%, 08/01/27 |
130 | 145,090 | ||||||
|
Alabama Public School and College Authority RB, Series A, 5.00%, 11/01/27 |
300 | 336,537 | ||||||
|
City of Huntsville AL, 5.00%, 11/01/27 (CALL 05/01/27) |
100 | 111,587 | ||||||
|
City of Huntsville AL GOL, Series A, 5.00%, 05/01/28 (Call 11/01/27) |
60 | 67,469 | ||||||
|
State of Alabama GO |
||||||||
|
5.00%, 11/01/27 |
80 | 89,961 | ||||||
|
Series C, 5.00%, 08/01/27 (Call 08/01/26) |
180 | 197,885 | ||||||
|
Water Works Board of the City of Birmingham (The) RB |
||||||||
|
5.00%, 01/01/32 (PR 01/01/27) |
200 | 222,073 | ||||||
|
5.00%, 01/01/43 (PR 01/01/27) |
250 | 277,592 | ||||||
|
|
|
|||||||
| 1,672,210 | ||||||||
| Alaska — 0.1% | ||||||||
|
State of Alaska GO, 5.00%, 08/01/27 |
115 | 128,648 | ||||||
|
|
|
|||||||
| Arizona — 2.0% | ||||||||
|
Arizona State University RB, Series B, 5.00%, 07/01/30 (Call 07/01/27) |
145 | 161,262 | ||||||
|
City of Phoenix AZ GO, 5.00%, 07/01/27 (Call 07/01/26) |
230 | 252,486 | ||||||
|
City of Phoenix Civic Improvement Corp. RB |
||||||||
|
5.00%, 07/01/27 |
140 | 156,058 | ||||||
|
5.00%, 07/01/27 (Call 07/01/26) |
250 | 273,768 | ||||||
|
Series D, 5.00%, 07/01/29 (CALL 07/01/27) |
185 | 202,946 | ||||||
|
Maricopa County Unified School District No. 48 Scottsdale GO, 5.00%, 07/01/28 (Call 07/01/27) |
40 | 44,547 | ||||||
|
Maricopa County Union High School District No. 210-Phoenix GO, 5.00%, 07/01/27 |
110 | 122,899 | ||||||
|
Salt River Project Agricultural Improvement & Power District RB |
||||||||
|
5.00%, 01/01/27 |
55 | 60,891 | ||||||
|
Series A, 5.00%, 01/01/27 |
210 | 232,494 | ||||||
|
Series A, 5.00%, 01/01/29 (Call 01/01/27) |
110 | 121,477 | ||||||
|
State of Arizona COP, Series A, 5.00%, 10/01/27 |
100 | 112,148 | ||||||
|
|
|
|||||||
| 1,740,976 | ||||||||
| California — 13.9% | ||||||||
|
Anaheim Housing & Public Improvements Authority RB, 5.00%, 10/01/27 |
200 | 223,333 | ||||||
|
California Health Facilities Financing Authority RB, 5.00%, 11/01/27 |
405 | 453,884 | ||||||
|
California Infrastructure & Economic Development Bank RB, 5.00%, 10/01/28 (Call 04/01/27) |
185 | 205,333 | ||||||
|
California State Public Works Board RB |
||||||||
|
5.00%, 09/01/29 (Call 09/01/27) |
165 | 183,078 | ||||||
|
5.00%, 10/01/30 (CALL 10/01/27) |
125 | 138,453 | ||||||
|
Series C, 5.00%, 03/01/28 (Call 03/01/27) |
70 | 77,317 | ||||||
|
Series G, 5.00%, 10/01/31 (Call 10/01/27) |
235 | 259,795 | ||||||
|
California State University RB |
||||||||
|
Series A, 5.00%, 11/01/27 (Call 11/01/25) |
95 | 102,602 | ||||||
|
Series A, 5.00%, 11/01/27 (Call 05/01/26) |
150 | 163,688 | ||||||
|
Series A, 5.00%, 11/01/30 (Call 05/01/27) |
100 | 110,355 | ||||||
|
City of Foster City CA GO, 4.00%, 08/01/30 (Call 08/01/27) |
100 | 105,172 | ||||||
|
City of Los Angeles Department of Airports RB |
||||||||
|
5.00%, 05/15/27 |
100 | 110,760 | ||||||
|
Series C, 5.00%, 05/15/27 |
225 | 248,430 | ||||||
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
City of San Francisco CA Public Utilities Commission Water Revenue RB |
||||||||
|
5.00%, 11/01/27 |
$ | 125 | $ | 140,020 | ||||
|
5.00%, 11/01/27 (Call 05/01/25) |
50 | 53,497 | ||||||
|
5.00%, 11/01/27 (Call 11/01/26) |
120 | 132,204 | ||||||
|
Series D, 5.00%, 11/01/30 (Call 11/01/27) |
220 | 244,887 | ||||||
|
Coast Community College District GO, Series D, 5.00%, 08/01/28 (Call 08/01/27) |
120 | 133,804 | ||||||
|
Contra Costa Transportation Authority RB, Series A, 5.00%, 03/01/27 (Call 03/01/25) |
110 | 117,656 | ||||||
|
County of Santa Clara CA GO, Series C, 5.00%, 08/01/31 (Call 08/01/27) |
195 | 216,222 | ||||||
|
East Bay Municipal Utility District Wastewater System Revenue RB, Series A, 5.00%, 06/01/28 (Call 06/01/27) |
130 | 144,863 | ||||||
|
East Bay Municipal Utility District Water System Revenue RB, Series B, 5.00%, 06/01/27 |
60 | 67,102 | ||||||
|
Los Angeles County Metropolitan Transportation Authority RB |
||||||||
|
5.00%, 07/01/30 (CALL 07/01/27) |
125 | 138,700 | ||||||
|
Series A, 5.00%, 06/01/27 |
255 | 284,155 | ||||||
|
Series A, 5.00%, 07/01/29 (Call 07/01/27) |
160 | 177,944 | ||||||
|
Los Angeles Department of Water & Power Power System Revenue RB, 5.00%, 07/01/31 (CALL 01/01/27) |
65 | 71,124 | ||||||
|
Los Angeles Department of Water & Power RB, 5.00%, 07/01/27 |
300 | 334,410 | ||||||
|
Los Angeles Department of Water & Power System Revenue RB, Series C, 5.00%, 07/01/28 (Call 07/01/27) |
225 | 249,775 | ||||||
|
Los Angeles Department of Water RB, Series A, 5.00%, 07/01/30 (Call 01/01/27) |
145 | 159,260 | ||||||
|
Los Angeles Unified School District/CA GO |
||||||||
|
Series A, 5.00%, 07/01/27 |
175 | 194,715 | ||||||
|
Series B1, 5.00%, 07/01/27 |
60 | 66,760 | ||||||
|
Metropolitan Water District of Southern California RB, Series C, 5.00%, 10/01/27 |
55 | 61,829 | ||||||
|
Modesto Irrigation District RB, Series A, 5.00%, 10/01/27 (CALL 10/01/25) |
40 | 43,078 | ||||||
|
Mountain View Los Altos Union High School District/CA GO, Series C, 0.00%, 08/01/27(a) |
150 | 128,405 | ||||||
|
Municipal Improvement Corp. of Los Angeles RB, Series B, 5.00%, 11/01/27 (Call 11/01/26) |
190 | 208,731 | ||||||
|
Newport Mesa Unified School District GO, 0.00%, 08/01/27 (NPFGC)(a) |
215 | 184,618 | ||||||
|
Palo Alto Unified School District GO, 0.00%, 08/01/27(a) |
130 | 111,399 | ||||||
|
Riverside County Transportation Commission RB |
||||||||
|
5.00%, 06/01/31 (CALL 12/01/27) |
280 | 310,177 | ||||||
|
Series B, 5.00%, 06/01/28 (Call 12/01/27) |
105 | 117,811 | ||||||
|
San Diego County Regional Airport Authority RB, 5.00%, 07/01/27 |
100 | 109,797 | ||||||
|
San Diego Unified School District/CA GO, Series J, 5.00%, 07/01/29 (Call 07/01/27) |
100 | 111,062 | ||||||
|
San Francisco Bay Area Rapid Transit District Sales Tax Revenue RB, Series A, 5.00%, 07/01/29 (Call 07/01/27) |
100 | 111,062 | ||||||
|
San Francisco City & County Airport Commission San Francisco International Airport RB |
||||||||
|
5.00%, 05/01/27 (Call 05/01/26) |
140 | 151,476 | ||||||
|
Series D, 5.00%, 05/01/27 (Call 05/01/26) |
100 | 108,197 | ||||||
|
San Jose Unified School District GO |
||||||||
|
5.00%, 08/01/27 |
95 | 106,027 | ||||||
|
Series C, 0.00%, 08/01/27 (NPFGC)(a) |
95 | 80,695 | ||||||
|
San Mateo County Community College District GO |
||||||||
|
Series A, 0.00%, 09/01/27 (NPFGC)(a) |
320 | 274,739 | ||||||
|
Series B, 0.00%, 09/01/27 (NPFGC)(a) |
100 | 85,856 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
81 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2027 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
San Mateo Union High School District GO, Series C, 0.00%, 09/01/27 (NPFGC)(a) |
$ | 170 | $ | 146,032 | ||||
|
Santa Monica Public Financing Authority RB, 5.00%, 07/01/31 (Call 07/01/27) |
45 | 49,749 | ||||||
|
Southern California Public Power Authority RB, Series C, 5.00%, 07/01/27 (Call 01/01/25) |
70 | 74,393 | ||||||
|
State of California Department of Water Resources RB, Series AX, 5.00%, 12/01/31 (Call 12/01/27) |
125 | 139,290 | ||||||
|
State of California GO |
||||||||
|
4.00%, 08/01/27 (Call 08/01/26) |
35 | 36,918 | ||||||
|
5.00%, 04/01/27 |
200 | 221,981 | ||||||
|
5.00%, 08/01/27 |
130 | 145,022 | ||||||
|
5.00%, 11/01/27 |
200 | 223,923 | ||||||
|
5.00%, 12/01/27 |
295 | 330,667 | ||||||
|
5.00%, 08/01/28 (Call 08/01/27) |
255 | 283,673 | ||||||
|
5.00%, 11/01/28 (Call 11/01/27) |
325 | 362,818 | ||||||
|
5.00%, 08/01/29 (Call 08/01/27) |
200 | 222,282 | ||||||
|
5.00%, 08/01/30 (Call 08/01/27) |
500 | 553,900 | ||||||
|
5.00%, 11/01/30 (Call 11/01/27) |
195 | 216,744 | ||||||
|
5.00%, 11/01/31 (Call 11/01/27) |
265 | 293,553 | ||||||
|
Series C, 5.00%, 08/01/27 (Call 08/01/26) |
180 | 197,668 | ||||||
|
University of California RB |
||||||||
|
5.00%, 05/15/30 (CALL 05/15/27) |
155 | 171,371 | ||||||
|
Series AY, 5.00%, 05/15/30 (Call 05/15/27) |
245 | 270,877 | ||||||
|
Series I, 5.00%, 05/15/27 (Call 05/15/25) |
240 | 257,198 | ||||||
|
West Valley-Mission Community College District GO, Series B, 5.00%, 08/01/27 (Call 08/01/25) |
45 | 48,440 | ||||||
|
Western Municipal Water District Facilities Authority RB, 5.00%, 10/01/27 |
175 | 195,790 | ||||||
|
|
|
|||||||
| 12,056,546 | ||||||||
| Colorado — 0.9% | ||||||||
|
City & County of Denver Co. Airport System Revenue RB, Series B, 5.00%, 12/01/27 |
45 | 49,728 | ||||||
|
City & County of Denver Co. GO, 5.00%, 08/01/27 |
55 | 61,556 | ||||||
|
City of Colorado Springs Co. Utilities System Revenue RB, 5.00%, 11/15/27 |
300 | 336,226 | ||||||
|
Denver City & County School District No. 1 GO, Series B, 4.00%, 12/01/27 (SAW) |
200 | 214,735 | ||||||
|
State of Colorado COP, Series K, 5.00%, 03/15/27 |
100 | 111,198 | ||||||
|
|
|
|||||||
| 773,443 | ||||||||
| Connecticut — 1.4% | ||||||||
|
City of Danbury CT GO, 5.00%, 11/01/27 (CALL 11/01/26) |
50 | 55,152 | ||||||
|
State of Connecticut Clean Water Fund - State Revolving Fund RB, Series A, 5.00%, 05/01/29 (Call 05/01/27) |
150 | 165,828 | ||||||
|
State of Connecticut GO |
||||||||
|
Series A, 5.00%, 04/15/29 (Call 04/15/27) |
225 | 247,364 | ||||||
|
Series B, 4.00%, 06/01/27 |
100 | 105,823 | ||||||
|
Series F, 5.00%, 11/15/27 (Call 11/15/25) |
180 | 193,914 | ||||||
|
State of Connecticut Special Tax Revenue RB |
||||||||
|
5.00%, 09/01/27 (Call 09/01/26) |
185 | 202,190 | ||||||
|
Series A, 5.00%, 01/01/27 |
105 | 115,616 | ||||||
|
Series B, 5.00%, 10/01/27 |
100 | 111,346 | ||||||
|
|
|
|||||||
| 1,197,233 | ||||||||
| Delaware — 0.2% | ||||||||
|
Delaware Transportation Authority RB |
||||||||
|
5.00%, 07/01/27 |
100 | 111,675 | ||||||
|
5.00%, 07/01/27 (Call 07/01/26) |
65 | 71,436 | ||||||
|
|
|
|||||||
| 183,111 | ||||||||
| Security | Par (000) |
Value | ||||||
|
District of Columbia — 1.5% |
||||||||
|
District of Columbia GO |
||||||||
|
Series A, 5.00%, 10/15/27 |
$ | 100 | $ | 112,105 | ||||
|
Series D, 5.00%, 06/01/27 |
100 | 111,484 | ||||||
|
Series E, 5.00%, 06/01/27 (Call 12/01/26) |
225 | 247,110 | ||||||
|
District of Columbia RB |
||||||||
|
Series A, 5.00%, 03/01/27 |
160 | 177,645 | ||||||
|
Series C, 5.00%, 05/01/27 |
50 | 55,671 | ||||||
|
Series C, 5.00%, 10/01/27 |
150 | 168,061 | ||||||
|
District of Columbia Water & Sewer Authority RB |
||||||||
|
Series A, 5.00%, 10/01/27 (Call 10/01/25) |
55 | 59,662 | ||||||
|
Series B, 5.00%, 10/01/27 |
50 | 56,101 | ||||||
|
Metropolitan Washington Airports Authority Aviation Revenue RB, 5.00%, 10/01/27 |
125 | 138,718 | ||||||
|
Washington Metropolitan Area Transit Authority RB |
||||||||
|
5.00%, 07/01/27 |
50 | 55,659 | ||||||
|
Series A-1, 5.00%, 07/01/29 (Call 07/01/27) |
100 | 110,503 | ||||||
|
|
|
|||||||
| 1,292,719 | ||||||||
| Florida — 3.3% | ||||||||
|
County of Miami-Dade FL Aviation Revenue RB, 5.00%, 10/01/27 (Call 10/01/26) |
125 | 135,686 | ||||||
|
County of Miami-Dade FL GO, Series A, 5.00%, 07/01/27 |
100 | 111,215 | ||||||
|
County of Miami-Dade FL Water & Sewer System Revenue RB, Series B, 5.00%, 10/01/27 |
170 | 189,108 | ||||||
|
Florida Department of Environmental Protection RB |
||||||||
|
Series A, 5.00%, 07/01/27 |
185 | 206,409 | ||||||
|
Series A, 5.00%, 07/01/27 (Call 07/01/26) |
100 | 109,777 | ||||||
|
Florida Department of Management Services RB, Series A, 3.00%, 09/01/31 (Call 09/01/27) |
100 | 99,070 | ||||||
|
Hillsborough County Aviation Authority RB, 5.00%, 10/01/27 |
200 | 221,208 | ||||||
|
Hillsborough County School Board COP, Series B, 5.00%, 07/01/27 |
30 | 32,849 | ||||||
|
Orlando Utilities Commission RB, 5.00%, 10/01/27 |
140 | 156,707 | ||||||
|
Palm Beach County School District COP |
||||||||
|
Series A, 5.00%, 08/01/27 |
85 | 93,683 | ||||||
|
Series B, 5.00%, 08/01/27 |
115 | 126,747 | ||||||
|
School Board of Miami-Dade County (The) GO, 5.00%, 03/15/27 |
45 | 49,930 | ||||||
|
State of Florida Department of Transportation RB, 5.00%, 07/01/27 |
100 | 111,215 | ||||||
|
State of Florida Department of Transportation Turnpike System RB |
||||||||
|
Series A, 5.00%, 07/01/27 |
220 | 245,798 | ||||||
|
Series A, 5.00%, 07/01/29 (Call 07/01/27) |
50 | 55,582 | ||||||
|
State of Florida GO |
||||||||
|
5.00%, 07/01/28 (CALL 07/01/27) |
225 | 251,154 | ||||||
|
Series A, 5.00%, 07/01/27 |
60 | 67,344 | ||||||
|
Series B, 5.00%, 06/01/30 (Call 06/01/27) |
65 | 71,942 | ||||||
|
Series C, 5.00%, 06/01/27 |
125 | 139,860 | ||||||
|
Series D, 5.00%, 06/01/27 |
65 | 72,727 | ||||||
|
State of Florida Lottery Revenue RB |
||||||||
|
5.00%, 07/01/27 (CALL 07/01/26) |
115 | 126,100 | ||||||
|
Series A, 5.00%, 07/01/27 |
138 | 154,041 | ||||||
|
|
|
|||||||
| 2,828,152 | ||||||||
| Georgia — 2.2% | ||||||||
|
City of Atlanta GA Department of Aviation RB, Series A, 5.00%, 07/01/27 |
185 | 203,963 | ||||||
|
City of Atlanta GA Water & Wastewater Revenue RB |
||||||||
|
Series A, 5.00%, 11/01/31 (Call 11/01/27) |
125 | 138,244 | ||||||
|
Series B, 5.00%, 11/01/29 (Call 11/01/27) |
85 | 94,887 | ||||||
|
Series C, 5.00%, 11/01/28 (Call 11/01/27) |
155 | 173,484 | ||||||
| 82 |
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 2027 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Georgia (continued) |
||||||||
|
County of Columbia GA GO, 5.00%, 01/01/27 |
$ | 20 | $ | 22,254 | ||||
|
Georgia Ports Authority RB, 5.00%, 07/01/27 |
200 | 223,145 | ||||||
|
Georgia State Road & Tollway Authority RB, 5.00%, 06/01/27 |
175 | 194,304 | ||||||
|
Metropolitan Atlanta Rapid Transit Authority RB |
||||||||
|
Series A, 5.25%, 07/01/27 (NPFGC) |
100 | 112,464 | ||||||
|
Series D, 4.00%, 07/01/27 |
80 | 84,979 | ||||||
|
State of Georgia GO |
||||||||
|
5.00%, 07/01/28 (Call 01/01/27) |
280 | 310,144 | ||||||
|
Series C, 5.00%, 07/01/29 (Call 07/01/27) |
210 | 234,095 | ||||||
|
Series F, 5.00%, 07/01/27 (Call 01/01/27) |
75 | 83,341 | ||||||
|
|
|
|||||||
| 1,875,304 | ||||||||
| Hawaii — 1.7% | ||||||||
|
City & County Honolulu HI Wastewater System Revenue RB |
||||||||
|
5.00%, 07/01/27 (CALL 07/01/26) |
240 | 262,470 | ||||||
|
Series A, 5.00%, 07/01/27 (Call 07/01/25) |
145 | 155,737 | ||||||
|
City & County of Honolulu HI GO |
||||||||
|
Series B, 5.00%, 10/01/27 (Call 10/01/25) |
100 | 107,864 | ||||||
|
Series C, 4.00%, 08/01/27 |
220 | 234,822 | ||||||
|
Series D, 5.00%, 09/01/31 (Call 09/01/27) |
80 | 88,681 | ||||||
|
State of Hawaii GO |
||||||||
|
5.00%, 10/01/27 |
120 | 134,256 | ||||||
|
Series FE, 5.00%, 10/01/27 (Call 10/01/26) |
100 | 109,835 | ||||||
|
Series FH, 5.00%, 10/01/27 (Call 10/01/26) |
75 | 82,376 | ||||||
|
Series FK, 5.00%, 05/01/28 (Call 05/01/27) |
140 | 155,118 | ||||||
|
Series FN, 5.00%, 10/01/30 (Call 10/01/27) |
160 | 177,984 | ||||||
|
|
|
|||||||
| 1,509,143 | ||||||||
| Idaho — 0.3% | ||||||||
|
Idaho Housing & Finance Association RB, Series A, 5.00%, 07/15/27 |
200 | 222,759 | ||||||
|
|
|
|||||||
| Illinois — 3.6% | ||||||||
|
Chicago O’Hare International Airport RB |
||||||||
|
Series A, 5.00%, 01/01/28 (Call 01/01/27) |
100 | 108,908 | ||||||
|
Series B, 5.00%, 01/01/27 (Call 01/01/25) |
100 | 105,404 | ||||||
|
Chicago Transit Authority Capital Grant Receipts Revenue RB, 5.00%, 06/01/27 |
100 | 108,750 | ||||||
|
Illinois Finance Authority RB |
||||||||
|
5.00%, 07/01/27 |
150 | 166,211 | ||||||
|
5.00%, 07/01/29 (Call 01/01/27) |
320 | 353,092 | ||||||
|
Illinois State Toll Highway Authority RB |
||||||||
|
Series B, 5.00%, 01/01/27 |
210 | 230,748 | ||||||
|
Series B, 5.00%, 01/01/27 (Call 07/01/26) |
125 | 137,013 | ||||||
|
Metropolitan Water Reclamation District of Greater Chicago GO, 5.00%, 12/01/27 (CALL 12/01/26) |
145 | 158,987 | ||||||
|
Sales Tax Securitization Corp. RB, 5.00%, 01/01/27 |
110 | 119,213 | ||||||
|
State of Illinois GO |
||||||||
|
5.00%, 06/01/27 (Call 06/01/26) |
100 | 106,424 | ||||||
|
Series A, 5.00%, 03/01/27 |
160 | 171,966 | ||||||
|
Series A, 5.00%, 12/01/27 |
400 | 431,836 | ||||||
|
Series B, 5.00%, 09/01/27 |
140 | 150,896 | ||||||
|
Series D, 5.00%, 11/01/27 |
450 | 485,573 | ||||||
|
Series D, 5.00%, 11/01/28 (Call 11/01/27) |
100 | 107,387 | ||||||
|
State of Illinois Sales Tax Revenue RB, Series C, 5.00%, 06/15/27 |
200 | 213,850 | ||||||
|
|
|
|||||||
| 3,156,258 | ||||||||
| Indiana — 1.0% | ||||||||
|
Indiana Finance Authority RB |
||||||||
|
5.00%, 10/01/27 |
50 | 55,860 | ||||||
|
Series C, 5.00%, 06/01/27 (Call 12/01/26) |
290 | 321,132 | ||||||
| Security | Par (000) |
Value | ||||||
|
Indiana (continued) |
||||||||
|
Indiana University RB, 5.00%, 08/01/29 (CALL 08/01/27) |
$ | 110 | $ | 122,214 | ||||
|
Indianapolis Local Public Improvement Bond Bank RB, Series A, 5.00%, 01/15/29 (Call 01/15/27) |
325 | 359,444 | ||||||
|
|
|
|||||||
| 858,650 | ||||||||
| Iowa — 0.1% | ||||||||
|
Iowa Finance Authority, 5.00%, 08/01/27 (Call 08/01/25) |
65 | 70,012 | ||||||
|
|
|
|||||||
| Kansas — 0.7% | ||||||||
|
County of Johnson KS GO, 5.00%, 09/01/27 |
140 | 156,590 | ||||||
|
State of Kansas Department of Transportation RB |
||||||||
|
5.00%, 09/01/27 (Call 09/01/25) |
125 | 134,612 | ||||||
|
Series A, 5.00%, 09/01/28 (Call 09/01/27) |
275 | 306,283 | ||||||
|
|
|
|||||||
| 597,485 | ||||||||
| Kentucky — 0.2% | ||||||||
|
Louisville/Jefferson County Metropolitan Government GO, 5.00%, 04/01/27 |
150 | 166,852 | ||||||
|
|
|
|||||||
| Louisiana — 0.7% | ||||||||
|
State of Louisiana Gasoline & Fuels Tax Revenue RB, Series B, 5.00%, 05/01/27 |
70 | 77,663 | ||||||
|
State of Louisiana GO |
||||||||
|
Series A, 5.00%, 03/01/27 |
75 | 82,876 | ||||||
|
Series B, 5.00%, 08/01/27 (Call 08/01/26) |
250 | 273,274 | ||||||
|
Series B, 5.00%, 10/01/27 |
80 | 89,162 | ||||||
|
State of Louisiana RB, 5.00%, 09/01/27 |
100 | 111,323 | ||||||
|
|
|
|||||||
| 634,298 | ||||||||
| Maine — 0.4% | ||||||||
|
Maine Municipal Bond Bank RB |
||||||||
|
5.00%, 11/01/27 |
145 | 163,054 | ||||||
|
5.00%, 11/01/27 (Call 11/01/26) |
200 | 220,609 | ||||||
|
|
|
|||||||
| 383,663 | ||||||||
| Maryland — 4.2% | ||||||||
|
City of Baltimore MD GO, Series A, 5.00%, 10/15/27 |
45 | 50,569 | ||||||
|
City of Baltimore MD RB, Series B, 5.00%, 07/01/31 (Call 01/01/27) |
100 | 109,590 | ||||||
|
County of Anne Arundel MD GOL |
||||||||
|
5.00%, 10/01/27 |
125 | 140,521 | ||||||
|
5.00%, 10/01/29 (Call 10/01/27) |
155 | 173,638 | ||||||
|
County of Baltimore MD GO |
||||||||
|
5.00%, 03/01/27 |
105 | 116,983 | ||||||
|
5.00%, 08/01/27 |
190 | 213,143 | ||||||
|
County of Howard MD GO, Series B, 5.00%, 02/15/28 (Call 02/15/27) |
175 | 194,433 | ||||||
|
County of Montgomery MD GO |
||||||||
|
4.00%, 11/01/28 (CALL 11/01/27) |
55 | 58,764 | ||||||
|
Series A, 5.00%, 11/01/27 |
185 | 208,338 | ||||||
|
Series C, 5.00%, 10/01/27 |
100 | 112,471 | ||||||
|
County of Prince George’s MD GOL, Series A, 5.00%, 07/15/27 |
415 | 465,224 | ||||||
|
State of Maryland Department of Transportation RB |
||||||||
|
4.00%, 09/01/27 |
55 | 58,855 | ||||||
|
5.00%, 10/01/27 |
310 | 347,659 | ||||||
|
5.00%, 10/01/27 (Call 10/01/26) |
65 | 71,718 | ||||||
|
5.00%, 12/01/27 (Call 12/01/26) |
100 | 110,324 | ||||||
|
5.00%, 09/01/30 (Call 09/01/27) |
115 | 127,724 | ||||||
|
State of Maryland GO |
||||||||
|
Second Series, 5.00%, 08/01/27 |
200 | 224,361 | ||||||
|
Series A, 5.00%, 03/15/27 |
300 | 334,467 | ||||||
|
Series A, 5.00%, 03/15/28 (Call 03/15/27) |
100 | 111,255 | ||||||
|
Series A, 5.00%, 08/01/29 (CALL 08/01/27) |
225 | 251,032 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
83 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2027 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Maryland (continued) |
||||||||
|
Washington Suburban Sanitary Commission RB |
||||||||
|
3.00%, 06/01/27 (GTD) |
$ | 75 | $ | 76,588 | ||||
|
5.00%, 06/15/28 (Call 06/15/27) (GTD) |
60 | 67,028 | ||||||
|
|
|
|||||||
| 3,624,685 | ||||||||
| Massachusetts — 2.5% | ||||||||
|
City of Boston MA GO, Series A, 5.00%, 05/01/27 |
40 | 44,776 | ||||||
|
Commonwealth of Massachusetts GOL |
||||||||
|
5.00%, 01/01/27 |
115 | 127,158 | ||||||
|
Series B, 5.00%, 07/01/27 |
45 | 50,162 | ||||||
|
Series C, 5.00%, 05/01/27 |
195 | 216,828 | ||||||
|
Series D, 5.00%, 07/01/27 |
80 | 89,176 | ||||||
|
Series E, 5.00%, 11/01/27 |
180 | 201,628 | ||||||
|
Series G, 5.00%, 09/01/27 |
230 | 257,011 | ||||||
|
Commonwealth of Massachusetts Transportation Fund Revenue RB, Series A, 5.00%, 06/01/30 (Call 12/01/27) |
100 | 111,342 | ||||||
|
Massachusetts Bay Transportation Authority RB |
||||||||
|
Series A, 5.00%, 07/01/27 |
405 | 451,455 | ||||||
|
Series A-2, 5.00%, 07/01/28 (Call 07/01/27) |
100 | 110,826 | ||||||
|
Massachusetts Clean Water Trust (The) RB, 5.25%, 08/01/27 |
20 | 22,712 | ||||||
|
Massachusetts School Building Authority RB, Series C, 5.00%, 08/15/27 (Call 08/15/25) |
245 | 264,429 | ||||||
|
Massachusetts Water Resources Authority RB, Series B, 5.00%, 08/01/29 (Call 08/01/27) |
135 | 150,269 | ||||||
|
University of Massachusetts Building Authority RB, 5.00%, 11/01/27 |
60 | 66,884 | ||||||
|
|
|
|||||||
| 2,164,656 | ||||||||
| Michigan — 1.5% | ||||||||
|
Michigan Finance Authority RB, 5.00%, 12/01/28 (CALL 06/01/27) |
190 | 207,652 | ||||||
|
Michigan State Building Authority RB, 5.00%, 10/15/27 |
345 | 387,507 | ||||||
|
State of Michigan RB, 5.00%, 03/15/27 |
220 | 242,199 | ||||||
|
State of Michigan Trunk Line Revenue RB, Series B, 5.00%, 11/15/27 |
185 | 208,252 | ||||||
|
University of Michigan RB, Series A, 5.00%, 04/01/29 (Call 04/01/27) |
75 | 83,559 | ||||||
|
Wayne County Airport Authority RB, 5.00%, 12/01/27 (CALL 12/01/25) |
200 | 214,007 | ||||||
|
|
|
|||||||
| 1,343,176 | ||||||||
| Minnesota — 1.1% | ||||||||
|
County of Hennepin MN GO, 5.00%, 12/01/27 |
205 | 230,578 | ||||||
|
State of Minnesota GO |
||||||||
|
Series A, 5.00%, 10/01/28 (Call 10/01/27) |
160 | 178,837 | ||||||
|
Series A, 5.00%, 10/01/31 (Call 10/01/27) |
100 | 111,080 | ||||||
|
Series D, 5.00%, 08/01/27 (Call 08/01/26) |
235 | 258,564 | ||||||
|
Series D, 5.00%, 10/01/27 |
50 | 56,155 | ||||||
|
University of Minnesota RB, Series B, 5.00%, 12/01/29 (Call 12/01/27) |
130 | 145,297 | ||||||
|
|
|
|||||||
| 980,511 | ||||||||
| Mississippi — 0.3% | ||||||||
|
State of Mississippi GO |
||||||||
|
Series A, 5.00%, 10/01/28 (Call 10/01/27) |
150 | 167,667 | ||||||
|
Series C, 5.00%, 10/01/27 (PR 10/01/25) |
90 | 97,568 | ||||||
|
|
|
|||||||
| 265,235 | ||||||||
| Missouri — 0.5% | ||||||||
|
Metropolitan St Louis Sewer District RB, Series A, 5.00%, 05/01/28 (Call 05/01/27) |
160 | 177,593 | ||||||
|
Missouri State Board of Public Buildings GO, 5.00%, 10/01/27 |
245 | 272,799 | ||||||
|
|
|
|||||||
| 450,392 | ||||||||
| Security | Par (000) |
Value | ||||||
|
Nebraska — 0.6% |
||||||||
|
City of Lincoln NE Electric System Revenue RB, 5.00%, 09/01/27 (Call 03/01/27) |
$ | 105 | $ | 116,428 | ||||
|
Nebraska Public Power District RB |
||||||||
|
Series A, 5.00%, 01/01/27 (Call 01/01/26) |
135 | 146,403 | ||||||
|
Series B, 5.00%, 01/01/28 (Call 01/01/27) |
50 | 55,194 | ||||||
|
Omaha Public Power District RB, Series A, 5.00%, 02/01/30 (Call 12/01/27) |
90 | 100,190 | ||||||
|
University of Nebraska Facilities Corp. RB, 5.00%, 07/15/27 |
75 | 83,265 | ||||||
|
|
|
|||||||
| 501,480 | ||||||||
| Nevada — 2.6% | ||||||||
|
Clark County School District GOL, Series C, 5.00%, 06/15/27 (Call 12/15/25) |
165 | 177,368 | ||||||
|
County of Clark NV, 5.00%, 07/01/27 |
150 | 166,746 | ||||||
|
County of Clark NV GOL |
||||||||
|
4.00%, 11/01/31 (Call 11/01/27) |
125 | 132,025 | ||||||
|
5.00%, 06/01/27 |
25 | 27,833 | ||||||
|
5.00%, 11/01/27 |
145 | 162,423 | ||||||
|
Series B, 5.00%, 11/01/27 (Call 11/01/26) |
50 | 54,974 | ||||||
|
County of Clark NV Passenger Facility Charge RB, Series C, 5.00%, 07/01/27 |
160 | 176,401 | ||||||
|
County of Clark NV RB |
||||||||
|
5.00%, 07/01/27 |
155 | 172,412 | ||||||
|
5.00%, 07/01/30 (Call 07/01/27) |
25 | 27,626 | ||||||
|
County of Washoe NV RB, 5.00%, 02/01/27 |
35 | 38,590 | ||||||
|
Las Vegas Valley Water District GO, 5.00%, 06/01/27 |
140 | 156,218 | ||||||
|
Las Vegas Valley Water District GOL |
||||||||
|
5.00%, 02/01/29 (Call 02/01/27) |
60 | 66,071 | ||||||
|
Series A, 5.00%, 06/01/27 (Call 06/01/25) |
50 | 53,676 | ||||||
|
State of Nevada GOL |
||||||||
|
5.00%, 08/01/27 |
150 | 168,114 | ||||||
|
Series D, 5.00%, 04/01/27 (Call 04/01/25) |
125 | 133,526 | ||||||
|
State of Nevada Highway Improvement Revenue RB |
||||||||
|
5.00%, 12/01/27 |
100 | 112,146 | ||||||
|
5.00%, 12/01/27 (Call 06/01/26) |
270 | 293,869 | ||||||
|
Washoe County School District/NV GOL, 5.00%, 04/01/27 |
100 | 110,942 | ||||||
|
|
|
|||||||
| 2,230,960 | ||||||||
| New Hampshire — 0.3% | ||||||||
|
State of New Hampshire GO |
||||||||
|
Series B, 4.00%, 12/01/30 (Call 12/01/27) |
120 | 126,224 | ||||||
|
Series D, 5.00%, 12/01/27 |
115 | 129,795 | ||||||
|
|
|
|||||||
| 256,019 | ||||||||
| New Jersey — 1.6% | ||||||||
|
New Jersey Economic Development Authority RB |
||||||||
|
5.00%, 06/15/27 |
70 | 75,912 | ||||||
|
Series A, 4.00%, 11/01/27 (SAP) |
185 | 192,161 | ||||||
|
Series A, 5.00%, 11/01/27 |
145 | 157,861 | ||||||
|
New Jersey Turnpike Authority RB |
||||||||
|
Series A, 5.00%, 01/01/29 (Call 01/01/27) |
175 | 191,248 | ||||||
|
Series A, 5.25%, 01/01/27 (AGM) |
350 | 392,621 | ||||||
|
State of New Jersey GO |
||||||||
|
5.00%, 06/01/27 |
10 | 10,939 | ||||||
|
5.00%, 06/01/27 (Call 06/01/25) |
45 | 47,786 | ||||||
|
Series A, 5.00%, 06/01/27 |
325 | 355,515 | ||||||
|
|
|
|||||||
| 1,424,043 | ||||||||
| New Mexico — 0.6% | ||||||||
|
New Mexico Finance Authority RB, Series A, 5.00%, 06/01/27 |
35 | 39,055 | ||||||
|
State of New Mexico GO, 5.00%, 03/01/27 |
150 | 166,974 | ||||||
| 84 |
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 2027 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
New Mexico (continued) |
||||||||
|
State of New Mexico Severance Tax Permanent Fund RB, 5.00%, 07/01/27 |
$ | 270 | $ | 301,661 | ||||
|
|
|
|||||||
| 507,690 | ||||||||
| New York — 11.4% | ||||||||
|
City of New York NY GO |
||||||||
|
Series 1, 5.00%, 08/01/27 |
180 | 199,311 | ||||||
|
Series 1, 5.00%, 08/01/29 (Call 08/01/27) |
295 | 325,588 | ||||||
|
Series A, 5.00%, 08/01/27 |
140 | 155,020 | ||||||
|
Series A, 5.00%, 08/01/28 (Call 08/01/27) |
335 | 370,595 | ||||||
|
Series C, 5.00%, 08/01/27 (Call 02/01/26) |
15 | 16,242 | ||||||
|
Hudson Yards Infrastructure Corp. RB |
||||||||
|
Series A, 5.00%, 02/15/27 |
275 | 304,960 | ||||||
|
Series A, 5.00%, 02/15/29 (Call 02/15/27) |
150 | 165,205 | ||||||
|
Long Island Power Authority RB, Series A, 5.00%, 09/01/27 |
100 | 112,008 | ||||||
|
Metropolitan Transportation Authority RB |
||||||||
|
Series A-2, 5.00%, 11/15/27 (Call 11/15/26) |
25 | 26,840 | ||||||
|
Series B-2, 5.00%, 11/15/27 (CALL 11/15/26) |
180 | 195,851 | ||||||
|
Series C-1, 5.00%, 11/15/27 |
250 | 270,392 | ||||||
|
Series C-1, 5.00%, 11/15/27 (Call 11/15/25) |
70 | 74,255 | ||||||
|
Series D, 5.00%, 11/15/27 (Call 11/15/26) |
55 | 59,039 | ||||||
|
New York City Municipal Water Finance Authority RB, 5.00%, 06/15/27 (Call 12/15/25) |
225 | 242,993 | ||||||
|
New York City Transitional Finance Authority Building Aid Revenue RB |
||||||||
|
Series B-1, 5.00%, 07/15/27 (SAW) |
100 | 110,917 | ||||||
|
Series S-3, 5.00%, 07/15/27 (SAW) |
245 | 271,748 | ||||||
|
Series S-4A, 5.00%, 07/15/27 (SAW) |
130 | 144,193 | ||||||
|
New York City Transitional Finance Authority Future Tax Secured Revenue RB |
||||||||
|
5.00%, 11/01/29 (Call 11/01/27) |
100 | 110,293 | ||||||
|
Series B-1, 5.00%, 08/01/28 (Call 08/01/27) |
190 | 209,409 | ||||||
|
Series B-1, 5.00%, 08/01/29 (Call 08/01/27) |
215 | 236,413 | ||||||
|
Series C, 5.00%, 11/01/27 (Call 05/01/25) |
250 | 267,484 | ||||||
|
Series C, 5.00%, 11/01/29 (Call 05/01/27) |
220 | 241,168 | ||||||
|
New York City Water & Sewer System RB |
||||||||
|
5.00%, 06/15/27 (CALL 06/15/25) |
125 | 133,751 | ||||||
|
Series AA, 5.00%, 06/15/27 |
355 | 395,095 | ||||||
|
Series BB-2, 5.00%, 06/15/31 (Call 06/15/27) |
105 | 116,223 | ||||||
|
Series FF, 5.00%, 06/15/27 (Call 06/15/25) |
80 | 85,601 | ||||||
|
New York State Dormitory Authority RB |
||||||||
|
5.00%, 03/15/27 |
100 | 110,956 | ||||||
|
5.00%, 07/01/27 |
225 | 249,546 | ||||||
|
5.00%, 03/15/30 (CALL 03/15/27) |
170 | 186,991 | ||||||
|
Series A, 5.00%, 02/15/27 (Call 08/15/26) |
135 | 147,550 | ||||||
|
Series A, 5.00%, 03/15/27 |
180 | 199,287 | ||||||
|
Series A, 5.00%, 07/01/27 (Call 07/01/25) |
200 | 214,747 | ||||||
|
Series A, 5.00%, 02/15/29 (Call 02/15/27) |
310 | 339,820 | ||||||
|
Series A, 5.00%, 02/15/30 (Call 02/15/27) |
160 | 175,016 | ||||||
|
Series B, 5.00%, 02/15/27 (Call 02/15/25) |
125 | 133,159 | ||||||
|
Series B, 5.00%, 03/15/27 (Call 09/15/25) |
335 | 359,128 | ||||||
|
Series B, 5.00%, 02/15/31 (Call 08/15/27) |
250 | 275,285 | ||||||
|
Series E, 5.00%, 03/15/27 |
100 | 110,956 | ||||||
|
New York State Environmental Facilities Corp. RB |
||||||||
|
5.00%, 06/15/27 |
60 | 67,173 | ||||||
|
5.00%, 06/15/27 (CALL 06/15/26) |
100 | 109,605 | ||||||
|
5.00%, 06/15/29 (Call 06/15/27) |
200 | 222,589 | ||||||
|
New York State Thruway Authority RB, 5.00%, 01/01/27 |
145 | 159,727 | ||||||
|
New York State Urban Development Corp. RB |
||||||||
|
5.00%, 03/15/27 |
100 | 110,715 | ||||||
|
Series A, 5.00%, 03/15/27 (Call 03/15/26) |
280 | 304,070 | ||||||
| Security | Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Series A, 5.00%, 03/15/28 (Call 03/15/27) |
$ | 100 | $ | 109,804 | ||||
|
Series A, 5.00%, 03/15/29 (Call 03/15/27) |
100 | 109,518 | ||||||
|
Series C, 5.00%, 03/15/31 (Call 09/15/27) |
110 | 120,619 | ||||||
|
Port Authority of New York & New Jersey RB, 5.00%, 11/15/31 (Call 11/15/27) |
225 | 248,147 | ||||||
|
State of New York GO, Series A, 5.00%, 03/01/27 |
55 | 61,357 | ||||||
|
Triborough Bridge & Tunnel Authority RB |
||||||||
|
Series B, 5.00%, 11/15/27 (Call 05/15/27) |
275 | 304,454 | ||||||
|
Series B, 5.00%, 11/15/31 (Call 05/15/27) |
110 | 120,804 | ||||||
|
Series C-1, 5.00%, 11/15/27 |
190 | 212,424 | ||||||
|
Utility Debt Securitization Authority RB, 5.00%, 06/15/27 (CALL 06/15/25) |
295 | 316,659 | ||||||
|
|
|
|||||||
| 9,920,700 | ||||||||
| North Carolina — 2.1% | ||||||||
|
City of Charlotte NC GO |
||||||||
|
5.00%, 06/01/27 |
120 | 134,509 | ||||||
|
Series A, 5.00%, 06/01/27 |
260 | 291,436 | ||||||
|
County of Forsyth NC RB, 5.00%, 04/01/27 |
100 | 111,283 | ||||||
|
County of Guilford NC GO |
||||||||
|
Series B, 5.00%, 05/01/27 |
100 | 111,940 | ||||||
|
Series B, 5.00%, 05/01/28 (Call 05/01/27) |
100 | 111,734 | ||||||
|
County of Mecklenburg NC GO |
||||||||
|
5.00%, 03/01/27 |
130 | 145,025 | ||||||
|
Series A, 5.00%, 04/01/27 |
45 | 50,276 | ||||||
|
Series A, 5.00%, 04/01/28 (Call 04/01/27) |
125 | 139,414 | ||||||
|
Mecklenburg County Public Facilities Corp. RB, 5.00%, 02/01/27 |
50 | 55,482 | ||||||
|
State of North Carolina GO, 5.00%, 06/01/27 (Call 06/01/26) |
125 | 137,231 | ||||||
|
State of North Carolina RB |
||||||||
|
5.00%, 03/01/27 |
160 | 176,268 | ||||||
|
Series B, 5.00%, 05/01/27 |
55 | 61,293 | ||||||
|
Series B, 5.00%, 05/01/28 (Call 05/01/27) |
235 | 260,942 | ||||||
|
|
|
|||||||
| 1,786,833 | ||||||||
| Ohio — 2.7% | ||||||||
|
City of Columbus OH GO |
||||||||
|
5.00%, 02/15/27 |
150 | 166,842 | ||||||
|
5.00%, 04/01/27 |
90 | 100,331 | ||||||
|
City of Columbus OH GOL |
||||||||
|
Series 4, 5.00%, 02/15/27 |
85 | 94,544 | ||||||
|
Series 4, 5.00%, 02/15/28 (Call 02/15/27) |
120 | 133,130 | ||||||
|
County of Hamilton OH Sales Tax Revenue RB, 5.00%, 12/01/27 |
230 | 256,671 | ||||||
|
Ohio State University (The) RB, Series A, 5.00%, 12/01/27 |
150 | 167,806 | ||||||
|
Ohio Turnpike & Infrastructure Commission RB |
||||||||
|
5.00%, 02/15/27 |
80 | 88,602 | ||||||
|
Series A, 5.00%, 02/15/30 (Call 02/15/27) |
110 | 121,150 | ||||||
|
Ohio Water Development Authority RB, Series A, 5.00%, 12/01/27 |
230 | 258,824 | ||||||
|
Ohio Water Development Authority Water Pollution Control Loan Fund RB |
||||||||
|
Series A, 5.00%, 06/01/29 (Call 06/01/27) |
85 | 94,504 | ||||||
|
Series A, 5.00%, 12/01/29 (Call 06/01/27) |
120 | 133,237 | ||||||
|
Series B, 5.00%, 06/01/27 (Call 12/01/25) |
55 | 59,788 | ||||||
|
Series B, 5.00%, 12/01/27 |
135 | 151,919 | ||||||
|
State of Ohio GO |
||||||||
|
5.00%, 09/01/27 |
45 | 50,356 | ||||||
|
Series C, 5.00%, 08/01/27 |
45 | 50,294 | ||||||
|
Series T, 5.00%, 05/01/30 (Call 05/01/27) |
240 | 265,916 | ||||||
|
Series U, 5.00%, 05/01/27 |
20 | 22,288 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
85 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2027 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Ohio (continued) |
||||||||
|
State of Ohio RB |
||||||||
|
5.00%, 12/01/27 (Call 12/01/26) |
$ | 50 | $ | 55,049 | ||||
|
Series B, 5.00%, 10/01/27 |
35 | 39,158 | ||||||
|
|
|
|||||||
| 2,310,409 | ||||||||
| Oklahoma — 0.6% | ||||||||
|
Grand River Dam Authority RB, Series A, 5.00%, 06/01/27 (Call 12/01/26) |
215 | 236,419 | ||||||
|
Oklahoma Turnpike Authority RB |
||||||||
|
Series E, 4.00%, 01/01/31 (Call 01/01/27) |
110 | 114,858 | ||||||
|
Series E, 5.00%, 01/01/27 |
75 | 83,034 | ||||||
|
University of Oklahoma (The) RB, Series B, 5.00%, 07/01/27 (Call 07/01/26) |
100 | 109,073 | ||||||
|
|
|
|||||||
| 543,384 | ||||||||
| Oregon — 1.6% | ||||||||
|
City of Portland OR Sewer System Revenue RB |
||||||||
|
5.00%, 06/15/27 (CALL 06/15/26) |
100 | 109,687 | ||||||
|
Series A, 5.00%, 05/01/27 (Call 05/01/26) |
200 | 218,489 | ||||||
|
Hillsboro School District No.1J GO, 5.00%, 06/15/28 (Call 06/15/27) (GTD) |
150 | 166,562 | ||||||
|
Oregon State Lottery RB, Series D, 5.00%, 04/01/27 (Call 04/01/25) (MO) |
100 | 106,676 | ||||||
|
State of Oregon Department of Transportation RB |
||||||||
|
Series A, 5.00%, 11/15/27 (Call 05/15/27) |
180 | 200,354 | ||||||
|
Series B, 5.00%, 11/15/29 (Call 05/15/27) |
145 | 160,530 | ||||||
|
State of Oregon GO |
||||||||
|
5.00%, 05/01/27 |
155 | 172,735 | ||||||
|
Series I, 5.00%, 08/01/28 (Call 08/01/27) |
140 | 156,469 | ||||||
|
Series L, 5.00%, 08/01/30 (Call 08/01/27) |
75 | 83,395 | ||||||
|
|
|
|||||||
| 1,374,897 | ||||||||
| Pennsylvania — 2.4% | ||||||||
|
City of Philadelphia PA GO |
||||||||
|
Series A, 5.00%, 08/01/27 (Call 08/01/25) |
140 | 150,658 | ||||||
|
Series B, 5.00%, 08/01/27 (Call 08/01/25) |
160 | 172,181 | ||||||
|
Commonwealth of Pennsylvania GO |
||||||||
|
First Series, 5.00%, 01/01/27 |
60 | 66,149 | ||||||
|
First Series, 5.00%, 02/01/27 (Call 02/01/26) |
105 | 113,969 | ||||||
|
First Series, 5.00%, 09/15/27 (Call 09/15/26) |
250 | 273,835 | ||||||
|
First Series, 5.00%, 01/01/28 (Call 01/01/27) |
350 | 384,742 | ||||||
|
Second Series, 5.00%, 09/15/27 (Call 09/15/26) |
95 | 104,057 | ||||||
|
County of Northampton PA GO, 4.00%, 10/01/27 (Call 04/01/26) |
150 | 157,431 | ||||||
|
Lower Merion School District GOL, 5.00%, 11/15/27 (SAW) |
120 | 135,215 | ||||||
|
Pennsylvania Turnpike Commission RB |
||||||||
|
5.00%, 06/01/27 |
115 | 126,537 | ||||||
|
5.00%, 06/01/27 (CALL 12/01/25) |
50 | 54,085 | ||||||
|
Series A2, 5.00%, 12/01/27 |
100 | 111,651 | ||||||
|
Series A2, 5.00%, 12/01/29 (CALL 12/01/27) |
100 | 111,816 | ||||||
|
Series A2, 5.00%, 12/01/30 (Call 12/01/27) |
125 | 139,564 | ||||||
|
|
|
|||||||
| 2,101,890 | ||||||||
| Rhode Island — 0.6% | ||||||||
|
Rhode Island Commerce Corp. RB, Series B, 5.00%, 06/15/27 (Call 06/15/26) |
225 | 245,506 | ||||||
|
Rhode Island Infrastructure Bank Water Pollution Control Revolving Fund RB, Series B, 5.00%, 10/01/30 (Call 10/01/27) |
50 | 55,461 | ||||||
|
State of Rhode Island GO |
||||||||
|
Series B, 5.00%, 08/01/28 (Call 08/01/27) |
150 | 167,723 | ||||||
|
Series B, 5.00%, 08/01/29 (Call 08/01/27) |
25 | 27,863 | ||||||
|
|
|
|||||||
| 496,553 | ||||||||
| Security |
Par (000) |
Value | ||||||
|
South Carolina — 0.1% |
||||||||
|
State of South Carolina GO, Series A, 4.00%, 04/01/31 (Call 10/01/27) (SAW) |
$ | 80 | $ | 84,657 | ||||
|
|
|
|||||||
| Tennessee — 3.1% | ||||||||
|
City of Clarksville TN Water Sewer & Gas Revenue RB, 5.00%, 02/01/27 |
100 | 110,964 | ||||||
|
City of Memphis TN Electric System Revenue RB, 5.00%, 12/01/28 (Call 12/01/27) |
145 | 162,497 | ||||||
|
City of Memphis TN GO, 5.00%, 05/01/27 |
365 | 406,762 | ||||||
|
County of Blount TN GO, Series B, 5.00%, 06/01/27 (Call 06/01/26) |
100 | 109,419 | ||||||
|
County of Hamilton TN GO, Series A, 5.00%, 04/01/27 |
75 | 83,609 | ||||||
|
County of Montgomery TN GO, 5.00%, 04/01/27 |
125 | 138,799 | ||||||
|
County of Shelby TN GO |
||||||||
|
5.00%, 04/01/27 |
100 | 111,283 | ||||||
|
Series A, 5.00%, 04/01/27 |
105 | 116,848 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Electric Revenue RB, Series A, 5.00%, 05/15/27 |
150 | 167,262 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN GO |
||||||||
|
4.00%, 07/01/27 |
290 | 308,626 | ||||||
|
5.00%, 01/01/27 (Call 07/01/26) |
65 | 71,066 | ||||||
|
5.00%, 07/01/27 |
145 | 161,262 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Water & Sewer Revenue RB, Series B, 5.00%, 07/01/30 (Call 07/01/27) |
125 | 138,164 | ||||||
|
State of Tennessee GO |
||||||||
|
Series A, 5.00%, 11/01/27 |
75 | 84,584 | ||||||
|
Series B, 5.00%, 08/01/27 (Call 08/01/26) |
105 | 115,611 | ||||||
|
Tennessee State School Bond Authority RB |
||||||||
|
Series A, 5.00%, 11/01/31 (Call 11/01/27) (NPFGC) |
215 | 236,175 | ||||||
|
Series B, 5.00%, 11/01/27 (ST INTERCEPT) |
60 | 66,787 | ||||||
|
Series B,
5.00%, 11/01/28 (Call 11/01/27) |
110 | 122,049 | ||||||
|
|
|
|||||||
| 2,711,767 | ||||||||
| Texas — 8.8% | ||||||||
|
Alamo Community College District GOL, 5.00%, 08/15/30 (Call 08/15/27) |
110 | 121,239 | ||||||
|
Aldine Independent School District GO, 5.00%, 02/15/31 (Call 02/15/27) (PSF) |
155 | 170,493 | ||||||
|
Austin Independent School District GO, 5.00%, 08/01/27 (PSF) |
260 | 289,505 | ||||||
|
Board of Regents of the University of Texas System RB, Series E, 5.00%, 08/15/27 |
105 | 117,309 | ||||||
|
City of Austin TX GOL |
||||||||
|
5.00%, 09/01/27 |
60 | 67,015 | ||||||
|
5.00%, 09/01/28 (Call 09/01/27) |
110 | 122,687 | ||||||
|
City of Austin TX Water & Wastewater System Revenue RB, 5.00%, 11/15/27 |
50 | 55,928 | ||||||
|
City of Dallas TX Waterworks & Sewer System Revenue RB, Series A, 5.00%, 10/01/27 (Call 10/01/26) |
155 | 170,992 | ||||||
|
City of Houston TX Combined Utility System Revenue RB, Series B, 5.00%, 11/15/27 |
120 | 133,836 | ||||||
|
City of Plano TX GOL, 5.00%, 09/01/31 (Call 03/01/27) |
100 | 110,645 | ||||||
|
City of San Antonio Texas Electric & Gas Systems Revenue RB, 5.00%, 02/01/27 |
75 | 82,483 | ||||||
|
City of San Antonio TX Electric & Gas Systems Revenue RB, 5.00%, 02/01/27 |
75 | 82,483 | ||||||
|
City of San Antonio TX GOL |
||||||||
|
5.00%, 08/01/27 |
45 | 50,294 | ||||||
|
5.00%, 08/01/28 (Call 08/01/27) |
150 | 167,255 | ||||||
|
Clear Creek Independent School District RB, 5.00%, 02/15/27 (PSF) |
115 | 127,912 | ||||||
| 86 |
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 2027 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
College Station Independent School District GO, 5.00%, 08/15/27 (CALL 08/15/26) |
$ | 105 | $ | 115,431 | ||||
|
Conroe Independent School District GO |
||||||||
|
5.00%, 02/15/27 (Call 02/15/26) (PSF) |
60 | 65,353 | ||||||
|
5.00%, 02/15/30 (Call 02/15/27) (PSF) |
110 | 121,202 | ||||||
|
Series A, 5.00%, 02/15/27 (PSF) |
65 | 71,989 | ||||||
|
County of Fort Bend TX GOL, Series B, 5.00%, 03/01/27 (Call 03/01/26) |
150 | 163,523 | ||||||
|
Cypress-Fairbanks Independent School District GO, 5.00%, 02/15/27 (PSF) |
160 | 177,279 | ||||||
|
Dallas Area Rapid Transit RB, 5.00%, 12/01/27 |
110 | 123,300 | ||||||
|
Dallas Fort Worth International Airport RB, Series A, 5.00%, 11/01/27 |
125 | 138,401 | ||||||
|
Fort Bend Independent School District GO, 4.00%, 08/15/31 (Call 08/15/27) (PSF) |
110 | 115,997 | ||||||
|
Katy Independent School District GO, 5.00%, 02/15/27 (PSF) |
65 | 71,989 | ||||||
|
Lewisville Independent School District GO, Series A, 4.00%, 08/15/27 (Call 08/15/25) (PSF) |
100 | 104,597 | ||||||
|
Mesquite Independent School District GO, 5.00%, 08/15/29 (Call 08/15/27) (PSF) |
215 | 240,317 | ||||||
|
North Texas Municipal Water District Upper East Fork Wastewater Interceptor System Contract Revenue Refunding Bonds RB, 5.00%, 06/01/27 |
55 | 61,039 | ||||||
|
North Texas Municipal Water District Water System Revenue RB, 5.00%, 09/01/27 (Call 09/01/25) |
70 | 75,592 | ||||||
|
North Texas Tollway Authority RB |
||||||||
|
Series A, 5.00%, 01/01/27 (Call 01/01/26) |
100 | 107,938 | ||||||
|
Series B, 5.00%, 01/01/27 (Call 01/01/26) |
150 | 161,364 | ||||||
|
Northside Independent School District GO, Series A, 5.00%, 08/15/27 (PSF) |
100 | 111,671 | ||||||
|
Northside Independent School District RB, 5.00%, 08/15/27 (PSF) |
150 | 167,506 | ||||||
|
Northwest Independent School District GO, 5.00%, 02/15/28 (Call 08/15/27) (PSF) |
145 | 161,998 | ||||||
|
Permanent University Fund - Texas A&M University System RB, Series B, 5.00%, 07/01/27 (Call 07/01/25) |
20 | 21,506 | ||||||
|
Permanent University Fund - University of Texas System RB, 5.00%, 07/01/27 (CALL 07/01/26) |
100 | 109,735 | ||||||
|
Plano Independent School District RB, 5.00%, 02/15/27 (CALL 02/15/26) (PSF) |
130 | 141,745 | ||||||
|
Round Rock Independent School District GO, Series A, 5.00%, 08/01/27 (PSF) |
75 | 83,628 | ||||||
|
San Antonio Independent School District/TX GO, 5.00%, 08/15/27 (PSF) |
50 | 56,071 | ||||||
|
San Antonio Water System RB |
||||||||
|
Series A, 5.00%, 05/15/27 |
100 | 111,308 | ||||||
|
Series A, 5.00%, 05/15/30 (Call 05/15/27) |
255 | 281,050 | ||||||
|
Socorro Independent School District GO, Series B, 5.00%, 08/15/30 (Call 08/15/27) (PSF) |
70 | 77,768 | ||||||
|
Spring Independent School District GO, Series A, 5.00%, 08/15/27 (Call 08/15/26) |
120 | 131,716 | ||||||
|
State of Texas GO |
||||||||
|
5.00%, 10/01/27 |
100 | 111,934 | ||||||
|
Series A, 5.00%, 10/01/30 (Call 10/01/27) |
110 | 121,781 | ||||||
|
Series B, 5.00%, 10/01/29 (Call 10/01/27) |
170 | 189,017 | ||||||
|
Series B, 5.00%, 10/01/30 (Call 10/01/27) |
100 | 110,710 | ||||||
|
Temple Independent School District/TX GO, 4.00%, 02/01/28 (Call 02/01/27) (PSF) |
100 | 106,107 | ||||||
|
Texas A&M University RB |
||||||||
|
4.00%, 05/15/27 (CALL 05/15/26) |
150 | 158,916 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Series C, 5.00%, 05/15/28 (Call 05/ 15/27) |
$ | 100 | $ | 110,810 | ||||
|
Series E, 4.00%, 05/15/27 (Call 05/15/26) |
85 | 90,053 | ||||||
|
Texas State University System RB |
||||||||
|
5.00%, 03/15/27 |
130 | 143,929 | ||||||
|
Series A, 5.00%, 03/15/27 (Call 03/15/25) |
215 | 228,976 | ||||||
|
Series A, 5.00%, 03/15/30 (Call 03/15/27) |
120 | 131,879 | ||||||
|
Texas Transportation Commission State Highway Fund RB, 5.00%, 10/01/27 (CALL 10/01/26) |
100 | 110,537 | ||||||
|
Texas Water Development Board RB |
||||||||
|
5.00%, 08/01/30 (Call 08/01/27) |
190 | 210,286 | ||||||
|
5.00%, 08/01/31 (Call 08/01/27) |
85 | 93,944 | ||||||
|
Series A, 5.00%, 10/15/27 |
95 | 106,448 | ||||||
|
Series A, 5.00%, 10/15/31 (Call 10/15/27) |
155 | 171,850 | ||||||
|
University of North Texas System RB |
||||||||
|
Series A, 5.00%, 04/15/27 |
60 | 66,285 | ||||||
|
Series A, 5.00%, 04/15/30 (Call 04/15/27) |
160 | 175,131 | ||||||
|
|
|
|||||||
| 7,679,682 | ||||||||
| Utah — 1.2% | ||||||||
|
Central Utah Water Conservancy District RB, Series B, 5.00%, 10/01/30 (Call 10/01/27) |
135 | 150,749 | ||||||
|
Intermountain Power Agency, 5.00%, 07/01/27 |
50 | 55,582 | ||||||
|
Salt Lake City Corp. RB, 5.00%, 02/01/30 (Call 02/01/27) |
60 | 66,296 | ||||||
|
State of Utah GO, 5.00%, 07/01/28 (Call 07/01/27) |
310 | 346,829 | ||||||
|
University of Utah (The) RB |
||||||||
|
5.00%, 08/01/27 (SAP) |
80 | 89,078 | ||||||
|
Series A, 5.00%, 08/01/27 (Call 08/01/25) |
60 | 64,374 | ||||||
|
Utah Water Finance Agency RB, Series A, 5.00%, 03/01/28 (Call 03/01/27) |
250 | 276,851 | ||||||
|
|
|
|||||||
| 1,049,759 | ||||||||
| Vermont — 0.1% | ||||||||
|
State of Vermont GO, Series B, 5.00%, 08/15/27 |
100 | 112,195 | ||||||
|
|
|
|||||||
| Virginia — 3.4% | ||||||||
|
City of Newport News VA GO, Series A, 4.00%, 08/01/31 (Call 08/01/27) |
180 | 188,702 | ||||||
|
City of Norfolk VA GO, Series B, 4.00%, 10/01/27 (Call 10/01/26) |
75 | 79,175 | ||||||
|
City of Richmond VA GO |
||||||||
|
5.00%, 03/01/27 |
130 | 144,649 | ||||||
|
5.00%, 07/15/27 |
60 | 67,168 | ||||||
|
County of Arlington VA GO, 5.00%, 06/15/27 |
100 | 112,006 | ||||||
|
County of Henrico VA GO, Series A, 5.00%, 08/01/27 (SAW) |
65 | 72,714 | ||||||
|
County of Loudoun VA GO |
||||||||
|
5.00%, 12/01/27 |
90 | 101,080 | ||||||
|
Series A, 5.00%, 12/01/27 (SAW) |
70 | 78,618 | ||||||
|
Fairfax County Industrial Development Authority RB, 5.00%, 05/15/27 |
200 | 221,124 | ||||||
|
Hampton Roads Sanitation District RB, Series A, 5.00%, 10/01/29 (Call 10/01/27) |
210 | 233,827 | ||||||
|
Virginia College Building Authority RB |
||||||||
|
5.00%, 02/01/27 |
125 | 138,145 | ||||||
|
Series A, 5.00%, 09/01/27 |
100 | 111,481 | ||||||
|
Series A,
5.00%, 09/01/27 (Call 09/01/26) |
230 | 253,348 | ||||||
|
Series A,
5.00%, 09/01/27 (PR 09/01/26) |
5 | 5,497 | ||||||
|
Virginia Commonwealth Transportation Board RB |
||||||||
|
5.00%, 03/15/27 (Call 09/15/26) |
40 | 44,196 | ||||||
|
5.00%, 09/15/27 |
110 | 122,812 | ||||||
|
Series A, 5.00%, 05/15/29 (Call 11/15/27) |
310 | 343,895 | ||||||
|
Series A, 5.00%, 05/15/30 (Call 11/15/27) |
150 | 165,915 | ||||||
|
Virginia Public Building Authority RB |
||||||||
|
Series A, 4.00%, 08/01/27 |
30 | 31,885 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
87 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2027 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Virginia (continued) |
||||||||
|
Series A, 4.00%, 08/01/31 (CALL 08/01/27) |
$ | 265 | $ | 277,812 | ||||
|
Virginia Public School Authority RB, 5.00%, 08/01/27 (SAW) |
100 | 111,711 | ||||||
|
Virginia Resources Authority RB, 5.00%, 11/01/27 |
60 | 67,373 | ||||||
|
|
|
|||||||
| 2,973,133 | ||||||||
|
Washington — 5.0% |
||||||||
|
Auburn School District No. 408 of King & Pierce Counties GOL, 5.00%, 12/01/31 (Call 12/01/27) (GTD) |
160 | 178,729 | ||||||
|
Central Puget Sound Regional Transit Authority RB, Series S-1, 5.00%, 11/01/27 (Call 11/01/26) |
90 | 99,395 | ||||||
|
City of Seattle WA Drainage & Wastewater Revenue RB, 5.00%, 04/01/27 (Call 04/01/26) |
110 | 120,238 | ||||||
|
City of Seattle WA GOL, Series A, 5.00%, 05/01/27 |
180 | 201,132 | ||||||
|
City of Seattle WA Municipal Light & Power Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/27 |
115 | 128,191 | ||||||
|
Series B, 5.00%, 04/01/27 (Call 04/01/26) |
160 | 174,454 | ||||||
|
Clark County School District No. 114 Evergreen GO, 5.00%, 12/01/27 (GTD) |
155 | 174,425 | ||||||
|
County of King WA GOL |
||||||||
|
5.00%, 07/01/27 (Call 01/01/25) |
160 | 170,424 | ||||||
|
5.00%, 12/01/27 |
120 | 135,238 | ||||||
|
Series E, 5.00%, 12/01/27 (Call 12/01/25) |
80 | 86,850 | ||||||
|
County of King WA Sewer Revenue RB, Series B, 5.00%, 07/01/27 (Call 07/01/26) |
60 | 65,742 | ||||||
|
Energy Northwest RB |
||||||||
|
Series A, 5.00%, 07/01/27 |
60 | 66,882 | ||||||
|
Series A, 5.00%, 07/01/29 (Call 07/01/27) |
215 | 238,783 | ||||||
|
Series C, 5.00%, 07/01/27 |
205 | 228,514 | ||||||
|
King County School District No. 405 Bellevue GO, 5.00%, 12/01/27 (Call 12/01/26) (GTD) |
175 | 193,787 | ||||||
|
King County School District No. 414 Lake Washington GO, 4.00%, 12/01/27 (GTD) |
210 | 225,246 | ||||||
|
Kitsap County School District No. 401 Central Kitsap GO, 5.00%, 12/01/27 (GTD) |
30 | 33,776 | ||||||
|
Pierce County School District No. 402 Franklin Pierce GO, 5.00%, 12/01/29 (Call 12/01/27) (GTD) |
170 | 191,682 | ||||||
|
Port of Seattle WA RB, 5.00%, 02/01/27 (Call 02/01/26) |
170 | 184,205 | ||||||
|
Spokane County School District No. 356 Central Valley GO, 5.00%, 12/01/28 (Call 12/01/27) (GTD) |
125 | 140,804 | ||||||
|
State of Washington COP, Series B, 5.00%, 07/01/27 |
115 | 127,604 | ||||||
|
State of Washington GO |
||||||||
|
5.00%, 02/01/27 |
75 | 83,046 | ||||||
|
Series A, 5.00%, 08/01/31 (Call 08/01/27) |
135 | 149,483 | ||||||
|
Series D, 5.00%, 02/01/27 |
100 | 110,728 | ||||||
|
Series E, 5.00%, 07/01/27 (Call 01/01/25) |
75 | 79,766 | ||||||
|
Series R, 5.00%, 08/01/27 |
205 | 228,795 | ||||||
|
Series R, 5.00%, 08/01/27 (Call 08/01/26) |
160 | 175,570 | ||||||
|
Series R-2018-C, 5.00%, 08/01/29 (Call 08/01/27) |
225 | 250,184 | ||||||
|
University of Washington RB, Series B, 5.00%, 06/01/27 (Call 06/01/25) |
75 | 80,376 | ||||||
| Security |
Par/ Shares (000) |
Value | ||||||
|
Washington (continued) |
||||||||
|
Washington State University RB, 5.00%, 04/01/27 (Call 04/01/25) . |
$ | 35 | $ | 37,215 | ||||
|
|
|
|||||||
| 4,361,264 | ||||||||
| West Virginia — 0.8% | ||||||||
|
State of West Virginia GO |
||||||||
|
Series A, 5.00%, 06/01/27 |
135 | 150,299 | ||||||
|
Series A, 5.00%, 12/01/27 |
80 | 89,716 | ||||||
|
West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/29 (Call 09/01/27) |
225 | 250,477 | ||||||
|
West Virginia State School Building Authority Lottery Revenue RB, Series A, 5.00%, 07/01/27 (Call 07/01/25) |
220 | 235,047 | ||||||
|
|
|
|||||||
| 725,539 | ||||||||
| Wisconsin — 2.1% | ||||||||
|
Milwaukee Metropolitan Sewerage District GO, Series A, 5.00%, 10/01/27 (Call 10/01/26) |
150 | 165,674 | ||||||
|
State of Wisconsin GO |
||||||||
|
5.00%, 05/01/27 (Call 05/01/25) |
75 | 80,312 | ||||||
|
5.00%, 11/01/31 (Call 05/01/27) |
125 | 137,821 | ||||||
|
Series 2, 4.00%, 11/01/27 (Call 05/01/26) |
130 | 136,354 | ||||||
|
Series 2, 5.00%, 11/01/27 (Call 05/01/26) |
220 | 239,901 | ||||||
|
Series 3, 5.00%, 11/01/30 (Call 05/01/27) |
150 | 165,607 | ||||||
|
State of Wisconsin RB, Series A, 5.00%, 05/01/27 |
300 | 332,543 | ||||||
|
Wisconsin Department of Transportation RB |
||||||||
|
Series 1, 5.00%, 07/01/27 |
120 | 134,133 | ||||||
|
Series 2, 5.00%, 07/01/30 (Call 07/01/27) |
180 | 199,545 | ||||||
|
Series 2, 5.00%, 07/01/31 (Call 07/01/27) |
215 | 237,800 | ||||||
|
|
|
|||||||
| 1,829,690 | ||||||||
|
|
|
|||||||
|
Total
Municipal Debt Obligations — 97.9% |
85,158,661 | |||||||
|
|
|
|||||||
|
Short-Term Investments |
||||||||
|
Money Market Funds — 0.8% |
||||||||
|
BlackRock Liquidity Funds: MuniCash, 0.25%(b)(c) |
735 | 735,052 | ||||||
|
|
|
|||||||
|
Total
Short-Term Investments — 0.8% |
735,052 | |||||||
|
|
|
|||||||
|
Total
Investments in Securities — 98.7% |
85,893,713 | |||||||
|
Other Assets, Less Liabilities — 1.3% |
1,094,419 | |||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 86,988,132 | ||||||
|
|
|
|||||||
| (a) |
Zero-coupon bond. |
| (b) |
Affiliate of the Fund. |
| (c) |
Annualized 7-day yield as of period end. |
| 88 |
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 2027 Term Muni Bond ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 04/30/22 |
Shares Held at 04/30/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Liquidity Funds: MuniCash |
$ | 281,268 | $ | 453,325 | (a) | $ | — | $ | 385 | $ | 74 | $ | 735,052 | 735 | $ | 382 | $ | — | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
|
||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
|
||||||||||||||||
|
Investments |
||||||||||||||||
|
Assets |
||||||||||||||||
|
Municipal Debt Obligations |
$ | — | $ | 85,158,661 | $ | — | $ | 85,158,661 | ||||||||
|
Money Market Funds |
735,052 | — | — | 735,052 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 735,052 | $ | 85,158,661 | $ | — | $ | 85,893,713 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
|
S C H E D U L E O F I N V E S T M E N T S |
89 |
|
Schedule of Investments (unaudited) April 30, 2022 |
iShares® iBonds® Dec 2028 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Municipal Debt Obligations |
||||||||
|
Alabama — 1.3% |
||||||||
|
Alabama Federal Aid Highway Finance Authority RB, Series A, 5.00%, 09/01/28 (PR 09/01/27) |
$ | 90 | $ | 100,807 | ||||
|
Alabama Highway Finance Corp. RB, Series A, 5.00%, 08/01/28 |
50 | 56,596 | ||||||
|
Alabama Public School and College Authority RB, Series A, 5.00%, 11/01/28 |
300 | 340,981 | ||||||
|
City of Huntsville AL GOL, Series B, 5.00%, 05/01/28 (Call 11/01/27) |
75 | 84,336 | ||||||
|
State of Alabama GO |
||||||||
|
Series A, 4.00%, 11/01/28 (Call 02/01/26) |
20 | 21,027 | ||||||
|
Series A, 5.00%, 11/01/29 (Call 11/01/28) |
55 | 62,709 | ||||||
|
Series A, 5.00%, 11/01/32 (Call 11/01/28) |
70 | 79,265 | ||||||
|
University of Alabama (The) RB, Series C, 5.00%, 07/01/28 |
225 | 253,697 | ||||||
|
|
|
|||||||
| 999,418 | ||||||||
| Arizona — 1.6% | ||||||||
|
City of Mesa AZ Utility System Revenue RB, 5.00%, 07/01/29 (Call 07/01/28) |
50 | 56,520 | ||||||
|
City of Phoenix Civic Improvement Corp. RB |
||||||||
|
5.00%, 07/01/28 (Call 07/01/26) |
100 | 109,321 | ||||||
|
Series A, 5.00%, 07/01/29 (Call 07/01/28) |
110 | 124,677 | ||||||
|
Series D, 5.00%, 07/01/28 (Call 07/01/27) |
215 | 236,211 | ||||||
|
Maricopa County Unified School District No 80 Chandler GO, 5.00%, 07/01/28 |
90 | 102,024 | ||||||
|
Maricopa County Union High School District No. 210-Phoenix GO, 5.00%, 07/01/28 (Call 07/01/27) |
25 | 27,842 | ||||||
|
Salt River Project Agricultural Improvement & Power District RB |
||||||||
|
5.00%, 01/01/29 (Call 01/01/28) |
100 | 112,209 | ||||||
|
5.00%, 01/01/31 (Call 01/01/28) |
55 | 61,386 | ||||||
|
Series A, 5.00%, 01/01/28 (Call 01/01/27) |
200 | 221,423 | ||||||
|
State of Arizona Lottery Revenue RB, 5.00%, 07/01/28 |
150 | 170,041 | ||||||
|
|
|
|||||||
| 1,221,654 | ||||||||
| California — 12.7% | ||||||||
|
Beverly Hills Unified School District CA GO, 0.00%, 08/01/28(a) |
35 | 28,936 | ||||||
|
California Infrastructure & Economic Development Bank RB |
||||||||
|
5.00%, 10/01/28 (Call 04/01/26) |
75 | 81,805 | ||||||
|
5.00%, 10/01/28 (Call 04/01/27) |
135 | 149,837 | ||||||
|
5.00%, 10/01/28 (Call 04/01/28) |
55 | 61,967 | ||||||
|
5.00%, 10/01/32 (Call 04/01/28) |
150 | 167,709 | ||||||
|
California State Public Works Board RB |
||||||||
|
4.00%, 10/01/28 (Call 10/01/26) |
50 | 52,602 | ||||||
|
5.00%, 09/01/28 (Call 09/01/27) |
25 | 27,818 | ||||||
|
Series B, 5.00%, 05/01/28 |
100 | 111,905 | ||||||
|
Series C, 5.00%, 11/01/28 |
150 | 168,967 | ||||||
|
Series C, 5.00%, 11/01/28 (Call 11/01/26) |
25 | 27,409 | ||||||
|
Series C, 5.00%, 11/01/31 (Call 11/01/28) |
75 | 83,792 | ||||||
|
Series G, 5.00%, 10/01/28 (Call 10/01/27) |
80 | 89,120 | ||||||
|
California State University RB |
||||||||
|
Series A, 5.00%, 11/01/28 (Call 05/01/26) |
200 | 217,695 | ||||||
|
Series A, 5.00%, 11/01/30 (Call 11/01/28) |
75 | 84,400 | ||||||
|
City of Los Angeles CA GO, Series B, 5.00%, 09/01/28 |
50 | 56,664 | ||||||
|
City of Los Angeles CA Wastewater System Revenue RB |
||||||||
|
Series A, 5.00%, 06/01/31 (Call 06/01/28) |
150 | 167,982 | ||||||
|
Series A, 5.00%, 06/01/32 (Call 06/01/28) |
100 | 111,818 | ||||||
|
City of Los Angeles Department of Airports RB, Series E, 5.00%, 05/15/28 |
25 | 27,961 | ||||||
|
City of Riverside CA Sewer Revenue RB, Series A, 5.00%, 08/01/29 (Call 08/01/28) |
75 | 84,649 | ||||||
|
City of Riverside CA Water Revenue RB, Series A, 5.00%, 10/01/28 |
130 | 147,501 | ||||||
| Security |
Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
City of San Francisco CA Public Utilities Commission Water Revenue RB, 5.00%, 11/01/28 (Call 11/01/26) |
$ | 125 | $ | 137,267 | ||||
|
Coast Community College District GO |
||||||||
|
Series B, 0.00%, 08/01/28 (AGM)(a) |
330 | 268,832 | ||||||
|
Series D, 5.00%, 08/01/28 (Call 08/01/27) |
105 | 117,079 | ||||||
|
Fairfield-Suisun Unified School District GO, 4.00%, 08/01/31 (Call 08/01/28) |
100 | 105,810 | ||||||
|
Long Beach Community College District GO, 5.00%, 08/01/28 (Call 08/01/27) |
100 | 111,504 | ||||||
|
Long Beach Unified School District GO, 5.00%, 08/01/28 (Call 08/01/26) |
175 | 192,103 | ||||||
|
Los Angeles Community College District/CA GO, Series J, 5.00%, 08/01/28 (Call 08/01/27) |
40 | 44,601 | ||||||
|
Los Angeles County Metropolitan Transportation Authority RB |
||||||||
|
Series A, 5.00%, 06/01/28 (Call 06/01/26) |
40 | 43,795 | ||||||
|
Series A, 5.00%, 07/01/28 (Call 07/01/27) |
100 | 111,624 | ||||||
|
Series B, 5.00%, 07/01/32 (Call 07/01/28) |
200 | 223,540 | ||||||
|
Los Angeles Department of Water & Power System Revenue RB |
||||||||
|
Series A, 5.00%, 07/01/32 (Call 01/01/28) |
35 | 38,850 | ||||||
|
Series D, 5.00%, 07/01/30 (Call 07/01/28) |
100 | 112,403 | ||||||
|
Los Angeles Department of Water RB |
||||||||
|
Series A, 5.00%, 07/01/28 (Call 01/01/26) |
35 | 37,905 | ||||||
|
Series A, 5.00%, 07/01/31 (Call 01/01/28) |
60 | 66,862 | ||||||
|
Series B, 5.00%, 07/01/31 (Call 07/01/28) |
80 | 89,891 | ||||||
|
Series B, 5.00%, 07/01/32 (Call 07/01/28) |
175 | 196,227 | ||||||
|
Los Angeles Unified School District/CA GO |
||||||||
|
Series B1, 5.00%, 07/01/28 (Call 01/01/28) |
195 | 217,462 | ||||||
|
Series B-1, 5.00%, 07/01/30 (Call 01/01/28) |
45 | 49,914 | ||||||
|
Series B-1, 5.00%, 07/01/32 (Call 01/01/28) |
100 | 110,231 | ||||||
|
Series M1, 5.00%, 07/01/28 (Call 01/01/28) |
100 | 111,519 | ||||||
|
Series M-1, 5.00%, 07/01/31 (Call 01/01/28) |
150 | 165,996 | ||||||
|
Metropolitan Water District of Southern California RB |
||||||||
|
5.00%, 01/01/31 (Call 07/01/28) |
115 | 129,992 | ||||||
|
Series B, 5.00%, 09/01/28 |
30 | 34,073 | ||||||
|
Napa Valley Community College District GO, Series B, 0.00%, 08/01/28 (NPFGC)(a) |
100 | 81,715 | ||||||
|
Newport Mesa Unified School District GO, 0.00%, 08/01/28 (NPFGC)(a) |
300 | 248,636 | ||||||
|
North Orange County Community College District/CA GO, Series B, 0.00%, 08/01/28 (NPFGC)(a) |
315 | 258,194 | ||||||
|
Poway Unified School District GO, Series A, 0.00%, 08/01/28(a) |
120 | 98,541 | ||||||
|
San Diego Community College District GO, 4.00%, 08/01/28 (Call 08/01/26) |
115 | 120,765 | ||||||
|
San Francisco Bay Area Rapid Transit District GO, Series A, 5.00%, 08/01/28 (Call 08/01/27) |
50 | 55,752 | ||||||
|
San Francisco Bay Area Rapid Transit District Sales Tax Revenue RB, 4.00%, 07/01/28 (Call 07/01/26) |
50 | 52,469 | ||||||
|
San Jose Evergreen Community College District GO, Series B, 0.00%, 09/01/28 (AGM)(a) |
50 | 40,991 | ||||||
|
San Jose Unified School District GO, Series C, 0.00%, 08/01/28 (NPFGC)(a) |
170 | 139,086 | ||||||
|
San Marcos Unified School District GO, 0.00%, 08/01/28(a) |
80 | 65,815 | ||||||
|
San Mateo County Community College District GO |
||||||||
|
0.00%, 09/01/28(a) |
125 | 103,633 | ||||||
|
Series B, 5.00%, 09/01/28 |
70 | 79,766 | ||||||
|
Santa Clara Valley Transportation Authority RB, Series B, 5.00%, 06/01/28 |
125 | 141,752 | ||||||
|
State of California Department of Water Resources RB |
||||||||
|
5.00%, 12/01/29 (Call 12/01/28) |
125 | 142,201 | ||||||
|
5.00%, 12/01/31 (Call 12/01/28) |
70 | 79,181 | ||||||
| 90 |
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 2028 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
Series BA, 5.00%, 12/01/28 |
$ | 150 | $ | 171,561 | ||||
|
State of California GO |
||||||||
|
4.00%, 09/01/28 (Call 09/01/26) |
150 | 157,444 | ||||||
|
5.00%, 04/01/28 |
125 | 140,242 | ||||||
|
5.00%, 08/01/28 |
150 | 169,053 | ||||||
|
5.00%, 08/01/28 (Call 08/01/27) |
135 | 150,180 | ||||||
|
5.00%, 09/01/28 (Call 09/01/26) |
385 | 422,093 | ||||||
|
5.00%, 10/01/28 |
250 | 282,398 | ||||||
|
5.00%, 11/01/28 |
125 | 141,360 | ||||||
|
5.00%, 08/01/29 (Call 08/01/28) |
330 | 371,448 | ||||||
|
5.00%, 10/01/30 (Call 10/01/28) |
175 | 196,828 | ||||||
|
5.00%, 11/01/32 (Call 11/01/28) |
310 | 345,758 | ||||||
|
Series C, 5.00%, 08/01/28 (Call 08/01/26) |
250 | 273,695 | ||||||
|
University of California RB |
||||||||
|
Series AZ, 5.00%, 05/15/31 (Call 05/15/28) |
70 | 78,341 | ||||||
|
Series O, 5.00%, 05/15/30 (Call 05/15/28) |
100 | 112,030 | ||||||
|
William S Hart Union High School District GO, Series B, 0.00%, 09/01/28 (AGM)(a) |
210 | 171,413 | ||||||
|
|
|
|||||||
| 9,560,358 | ||||||||
| Colorado — 1.1% | ||||||||
|
Board of Governors of Colorado State University System RB |
||||||||
|
Series C, 5.00%, 03/01/28 |
110 | 122,714 | ||||||
|
Series C, 5.00%, 03/01/29 (Call 03/01/28) |
80 | 88,807 | ||||||
|
City & County of Denver Co. Airport System Revenue RB, Series B, 5.00%, 12/01/32 (Call 12/01/28) |
160 | 176,632 | ||||||
|
Denver City & County School District No. 1 GO |
||||||||
|
5.00%, 12/01/28 (Call 12/01/26) (SAW) |
90 | 99,416 | ||||||
|
Series B, 4.00%, 12/01/28 (SAW) |
150 | 162,265 | ||||||
|
University of Colorado RB |
||||||||
|
Series A-2, 5.00%, 06/01/30 (Call 06/01/28) |
100 | 111,861 | ||||||
|
Series A-2, 5.00%, 06/01/31 (Call 06/01/28) |
95 | 105,995 | ||||||
|
|
|
|||||||
| 867,690 | ||||||||
| Connecticut — 2.1% | ||||||||
|
State of Connecticut Clean Water Fund - State Revolving Fund RB, Series A, 5.00%, 05/01/28 (Call 05/01/27) |
100 | 110,798 | ||||||
|
State of Connecticut GO |
||||||||
|
Series 2021 A, 4.00%, 01/15/28 |
100 | 106,206 | ||||||
|
Series B, 5.00%, 04/15/28 |
105 | 117,494 | ||||||
|
Series C, 5.00%, 06/15/28 |
115 | 128,967 | ||||||
|
Series E, 5.00%, 09/15/28 |
75 | 84,388 | ||||||
|
Series E, 5.00%, 09/15/30 (Call 09/15/28) |
115 | 128,558 | ||||||
|
Series E, 5.00%, 09/15/31 (Call 09/15/28) |
205 | 228,512 | ||||||
|
State of Connecticut Special Tax Revenue RB |
||||||||
|
Series A, 5.00%, 01/01/28 |
125 | 139,369 | ||||||
|
Series A, 5.00%, 09/01/28 (Call 09/01/26) |
125 | 136,188 | ||||||
|
Series A, 5.00%, 01/01/29 (Call 01/01/28) |
210 | 233,305 | ||||||
|
Series B, 5.00%, 09/01/28 (Call 09/01/26) |
50 | 54,475 | ||||||
|
Series D, 5.00%, 11/01/28 |
75 | 84,531 | ||||||
|
|
|
|||||||
| 1,552,791 | ||||||||
| Delaware — 0.4% | ||||||||
|
State of Delaware GO |
||||||||
|
Series A, 2.13%, 03/01/28 (Call 03/01/26) |
15 | 14,423 | ||||||
|
Series A, 5.00%, 01/01/29 (Call 01/01/28) |
125 | 141,032 | ||||||
|
Series A, 5.00%, 02/01/32 (Call 02/01/28) |
100 | 112,401 | ||||||
|
|
|
|||||||
| 267,856 | ||||||||
| District of Columbia — 2.0% | ||||||||
|
District of Columbia GO |
||||||||
|
Series A, 5.00%, 06/01/28 |
185 | 209,238 | ||||||
|
Series A, 5.00%, 10/15/28 |
65 | 73,915 | ||||||
| Security |
Par (000) |
Value | ||||||
|
District of Columbia (continued) |
||||||||
|
Series D, 5.00%, 06/01/28 (Call 12/01/26) |
$ | 85 | $ | 93,084 | ||||
|
Series D, 5.00%, 06/01/28 (Call 06/01/27) |
110 | 121,583 | ||||||
|
District of Columbia RB |
||||||||
|
5.00%, 12/01/28 |
285 | 318,835 | ||||||
|
Series C, 5.00%, 10/01/28 |
335 | 380,520 | ||||||
|
District of Columbia Water & Sewer Authority RB |
||||||||
|
Series B, 5.00%, 10/01/28 |
140 | 159,200 | ||||||
|
Series B, 5.00%, 10/01/28 (Call 04/01/27) |
25 | 27,760 | ||||||
|
Series B, 5.00%, 10/01/30 (Call 04/01/28) |
65 | 73,280 | ||||||
|
Series B, 5.00%, 10/01/32 (Call 04/01/28) |
60 | 67,396 | ||||||
|
|
|
|||||||
| 1,524,811 | ||||||||
| Florida — 4.4% | ||||||||
|
Central Florida Expressway Authority RB, Series B, 5.00%, 07/01/28 (Call 07/01/26) |
130 | 141,742 | ||||||
|
County of Miami-Dade FL Aviation Revenue RB, 5.00%, 10/01/28 (Call 10/01/26) |
165 | 179,112 | ||||||
|
County of Miami-Dade FL GO, Series D, 5.00%, 07/01/28 (Call 07/01/26) |
100 | 108,663 | ||||||
|
County of Miami-Dade FL Water & Sewer System Revenue RB |
||||||||
|
5.00%, 10/01/30 (Call 10/01/28) |
95 | 107,146 | ||||||
|
Series B, 5.00%, 10/01/28 (Call 10/01/27) |
235 | 261,289 | ||||||
|
Florida Department of Environmental Protection RB, Series A, 5.00%, 07/01/28 |
225 | 254,515 | ||||||
|
Florida Department of Management Services COP, Series A, 5.00%, 11/01/28 |
140 | 156,910 | ||||||
|
Hillsborough County School Board COP, Series A, 5.00%, 07/01/28 (Call 07/01/26) |
310 | 336,219 | ||||||
|
Orange County School Board COP, Series C, 5.00%, 08/01/28 |
100 | 112,641 | ||||||
|
Palm Beach County School District COP, Series B, 5.00%, 08/01/28 |
195 | 216,931 | ||||||
|
School District of Broward County/FL GO, 5.00%, 07/01/30 (Call 07/01/28) |
60 | 67,298 | ||||||
|
State of Florida Department of Transportation RB |
||||||||
|
5.00%, 07/01/31 (Call 07/01/28) |
100 | 112,423 | ||||||
|
5.00%, 07/01/32 (Call 07/01/28) |
300 | 337,652 | ||||||
|
State of Florida Department of Transportation Turnpike System Revenue RB, Series A, 5.00%, 07/01/28 |
75 | 84,929 | ||||||
|
State of Florida GO |
||||||||
|
Series A, 4.00%, 07/01/32 (Call 07/01/28) |
350 | 365,742 | ||||||
|
Series B, 5.00%, 06/01/28 (Call 06/01/27) |
125 | 139,040 | ||||||
|
Series C, 5.00%, 06/01/30 (Call 06/01/28) |
220 | 248,055 | ||||||
|
State of Florida Lottery Revenue RB, Series A, 5.00%, 07/01/28 |
115 | 130,155 | ||||||
|
|
|
|||||||
| 3,360,462 | ||||||||
| Georgia — 1.3% | ||||||||
|
City of Atlanta GA Water & Wastewater Revenue RB |
||||||||
|
Series A, 5.00%, 11/01/28 (Call 11/01/27) |
60 | 67,155 | ||||||
|
Series C, 5.00%, 11/01/28 (Call 11/01/27) |
100 | 111,925 | ||||||
|
Forsyth County School District GO, 5.00%, 02/01/30 (Call 02/01/28) |
250 | 281,509 | ||||||
|
State of Georgia GO |
||||||||
|
Series A, 5.00%, 07/01/31 (Call 07/01/28) |
205 | 231,707 | ||||||
|
Series E, 5.00%, 12/01/28 (Call 12/01/26) |
260 | 287,857 | ||||||
|
|
|
|||||||
| 980,153 | ||||||||
| Hawaii — 1.8% | ||||||||
|
City & County Honolulu HI Wastewater System Revenue RB |
||||||||
|
5.00%, 07/01/28 |
60 | 67,472 | ||||||
|
Series A, 4.00%, 07/01/28 |
100 | 106,828 | ||||||
|
City & County of Honolulu HI GO |
||||||||
|
Series A, 5.00%, 09/01/28 |
45 | 50,913 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
91 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2028 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Hawaii (continued) |
||||||||
|
Series A, 5.00%, 09/01/30 (Call 09/01/28) |
$ | 165 | $ | 185,886 | ||||
|
Series C, 4.00%, 08/01/28 |
250 | 268,254 | ||||||
|
Series D, 5.00%, 09/01/28 (Call 09/01/27) |
30 | 33,413 | ||||||
|
County of Maui HI GO, 5.00%, 09/01/28 |
35 | 39,795 | ||||||
|
State of Hawaii GO |
||||||||
|
Series FT, 5.00%, 01/01/29 (Call 01/01/28) |
185 | 207,070 | ||||||
|
Series FT, 5.00%, 01/01/31 (Call 01/01/28) |
105 | 116,900 | ||||||
|
Series FT, 5.00%, 01/01/32 (Call 01/01/28) |
230 | 255,615 | ||||||
|
|
|
|||||||
| 1,332,146 | ||||||||
| Illinois — 2.5% | ||||||||
|
Chicago O’Hare International Airport RB, Series C, 5.00%, 01/01/28 (Call 01/01/26) |
155 | 166,334 | ||||||
|
Chicago Transit Authority Capital Grant Receipts Revenue RB, 5.00%, 06/01/28 |
65 | 71,409 | ||||||
|
Illinois Finance Authority RB |
||||||||
|
5.00%, 07/01/28 (Call 01/01/26) |
25 | 27,139 | ||||||
|
5.00%, 12/01/28 |
75 | 85,053 | ||||||
|
Series B, 5.00%, 01/01/28 |
100 | 111,329 | ||||||
|
Metropolitan Water Reclamation District of Greater Chicago GO, Series A, 5.00%, 12/01/28 (Call 12/01/26) |
150 | 163,996 | ||||||
|
State of Illinois GO |
||||||||
|
5.00%, 02/01/28 (Call 02/01/27) |
100 | 106,880 | ||||||
|
Series A, 5.00%, 03/01/28 |
105 | 113,463 | ||||||
|
Series A, 5.00%, 10/01/28 |
155 | 167,966 | ||||||
|
Series A, 5.00%, 05/01/29 (Call 05/01/28) |
310 | 334,079 | ||||||
|
Series A, 5.00%, 10/01/30 (Call 10/01/28) |
125 | 134,517 | ||||||
|
Series D, 5.00%, 11/01/28 (Call 11/01/27) |
200 | 214,774 | ||||||
|
State of Illinois Sales Tax Revenue RB, 5.00%, 06/15/28 |
150 | 161,126 | ||||||
|
|
|
|||||||
| 1,858,065 | ||||||||
| Indiana — 1.3% | ||||||||
|
City of Indianapolis Department of Public Utilities Water System Revenue RB |
||||||||
|
5.00%, 10/01/30 (Call 10/01/28) |
100 | 112,411 | ||||||
|
Series A, 5.00%, 10/01/28 |
40 | 45,033 | ||||||
|
Indiana Finance Authority RB |
||||||||
|
5.00%, 10/01/28 (Call 10/01/26) |
100 | 109,704 | ||||||
|
Series C, 5.00%, 02/01/28 |
115 | 128,938 | ||||||
|
Series C, 5.00%, 06/01/28 (Call 12/01/26) |
100 | 110,462 | ||||||
|
Series R, 5.00%, 02/01/28 |
200 | 224,240 | ||||||
|
Indianapolis Local Public Improvement Bond Bank RB, Series E, 5.00%, 01/01/28 (PR 01/01/26) |
175 | 190,357 | ||||||
|
Purdue University RB, 5.00%, 07/01/28 |
75 | 85,249 | ||||||
|
|
|
|||||||
| 1,006,394 | ||||||||
| Iowa — 0.2% | ||||||||
|
Iowa Finance Authority RB, Series A, 5.00%, 08/01/31 (Call 08/01/28) |
120 | 135,221 | ||||||
|
State of Iowa RB, Series A, 5.00%, 06/01/28 (Call 06/01/26) |
30 | 32,798 | ||||||
|
|
|
|||||||
| 168,019 | ||||||||
| Kansas — 0.3% | ||||||||
|
Sedgwick County Unified School District No. 266 Maize GO, Series A, 4.00%, 09/01/28 (Call 09/01/27) |
50 | 53,350 | ||||||
|
State of Kansas Department of Transportation RB, Series A, 5.00%, 09/01/28 (Call 09/01/27) |
170 | 189,339 | ||||||
|
|
|
|||||||
| 242,689 | ||||||||
| Louisiana — 0.8% | ||||||||
|
State of Louisiana GO |
||||||||
|
Series B, 5.00%, 08/01/28 (Call 08/01/26) |
110 | 120,010 | ||||||
|
Series B, 5.00%, 10/01/28 (Call 10/01/27) |
150 | 165,906 | ||||||
| Security | Par (000) |
Value | ||||||
|
Louisiana (continued) |
||||||||
|
State of Louisiana RB, Series A, 5.00%, 09/01/29 (Call 09/01/28) |
$ | 310 | $ | 350,282 | ||||
|
|
|
|||||||
| 636,198 | ||||||||
| Maine — 0.6% | ||||||||
|
Maine Municipal Bond Bank RB |
||||||||
|
Series A, 5.00%, 09/01/28 (Call 09/01/26) |
80 | 87,570 | ||||||
|
Series A, 5.00%, 11/01/28 |
35 | 39,826 | ||||||
|
Series C, 5.00%, 11/01/28 (Call 11/01/27) |
75 | 83,971 | ||||||
|
State of Maine GO |
||||||||
|
Series B, 5.00%, 06/01/28 |
120 | 136,299 | ||||||
|
Series D, 5.00%, 06/01/28 |
100 | 113,582 | ||||||
|
|
|
|||||||
| 461,248 | ||||||||
| Maryland — 5.2% | ||||||||
|
City of Baltimore MD GO, Series A, 5.00%, 10/15/28 |
45 | 51,229 | ||||||
|
County of Anne Arundel MD GOL |
||||||||
|
5.00%, 10/01/28 |
255 | 290,940 | ||||||
|
5.00%, 10/01/28 (Call 10/01/27) |
140 | 157,090 | ||||||
|
County of Baltimore MD GO, 5.00%, 03/01/28 |
65 | 73,520 | ||||||
|
County of Howard MD GO |
||||||||
|
5.00%, 02/15/28 |
55 | 62,168 | ||||||
|
Series A, 5.00%, 08/15/28 |
220 | 250,524 | ||||||
|
Series D, 5.00%, 02/15/28 |
75 | 84,775 | ||||||
|
County of Montgomery MD GO |
||||||||
|
5.00%, 11/01/28 |
125 | 142,796 | ||||||
|
Series A, 5.00%, 11/01/28 |
265 | 302,726 | ||||||
|
Series A, 5.00%, 11/01/29 (Call 11/01/28) |
130 | 148,388 | ||||||
|
County of Prince George’s MD GOL |
||||||||
|
Series A, 4.00%, 07/15/32 (Call 07/15/28) |
200 | 210,412 | ||||||
|
Series A, 5.00%, 07/15/31 (Call 07/15/28) |
150 | 169,644 | ||||||
|
Series B, 5.00%, 09/15/28 |
165 | 188,128 | ||||||
|
State of Maryland Department of Transportation RB |
||||||||
|
4.00%, 05/01/30 (Call 05/01/28) |
45 | 47,768 | ||||||
|
5.00%, 09/01/28 (Call 09/01/27) |
110 | 123,084 | ||||||
|
5.00%, 10/01/28 (Call 10/01/26) |
190 | 209,477 | ||||||
|
5.00%, 12/01/28 |
130 | 148,264 | ||||||
|
State of Maryland GO |
||||||||
|
5.00%, 08/01/28 |
60 | 68,285 | ||||||
|
First Series, 5.00%, 03/15/28 |
195 | 220,795 | ||||||
|
Second Series, 5.00%, 08/01/29 (Call 08/01/28) |
185 | 210,165 | ||||||
|
Second Series, 5.00%, 08/01/30 (Call 08/01/28) |
90 | 101,828 | ||||||
|
Series A, 5.00%, 03/15/29 (Call 03/15/28) |
125 | 141,203 | ||||||
|
Series A, 5.00%, 03/15/30 (Call 03/15/28) |
125 | 140,654 | ||||||
|
Washington Suburban Sanitary Commission RB |
||||||||
|
5.00%, 06/01/28 |
90 | 102,170 | ||||||
|
5.00%, 06/01/28 (GTD) |
125 | 141,903 | ||||||
|
5.00%, 06/01/30 (Call 06/01/28) (GTD) |
125 | 141,314 | ||||||
|
|
|
|||||||
| 3,929,250 | ||||||||
| Massachusetts — 2.3% | ||||||||
|
Commonwealth of Massachusetts GOL |
||||||||
|
Series B, 5.00%, 07/01/28 |
345 | 390,047 | ||||||
|
Series B, 5.00%, 01/01/30 (Call 01/01/28) |
265 | 296,541 | ||||||
|
Series B, 5.25%, 08/01/28 |
100 | 114,620 | ||||||
|
Series C, 5.00%, 05/01/28 |
100 | 112,786 | ||||||
|
Massachusetts Bay Transportation Authority RB, Series A, 5.25%, 07/01/28 |
250 | 286,170 | ||||||
|
Massachusetts Department of Transportation RB, Series A, 0.00%, 01/01/28 (NPFGC)(a) |
50 | 42,196 | ||||||
|
Massachusetts Health & Educational Facilities Authority RB, Series M, 5.25%, 07/01/28 |
100 | 114,958 | ||||||
| 92 |
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 2028 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Massachusetts (continued) |
||||||||
|
Massachusetts Water Resources Authority RB |
||||||||
|
Series B, 5.00%, 08/01/28 (Call 08/01/26) |
$ | 100 | $ | 109,750 | ||||
|
Series B, 5.25%, 08/01/28 (AGM) |
60 | 68,772 | ||||||
|
University of Massachusetts Building Authority RB, Series 2019-1, 5.00%, 05/01/28 |
150 | 168,737 | ||||||
|
|
|
|||||||
| 1,704,577 | ||||||||
| Michigan — 1.3% | ||||||||
|
Great Lakes Water Authority Water Supply System Revenue RB, Series C, 5.00%, 07/01/28 (Call 07/01/26) |
35 | 38,349 | ||||||
|
Michigan Finance Authority RB |
||||||||
|
5.00%, 10/01/28 |
120 | 136,154 | ||||||
|
5.00%, 10/01/30 (Call 10/01/28) |
150 | 168,991 | ||||||
|
Series B, 5.00%, 10/01/28 (Call 10/01/26) |
140 | 154,260 | ||||||
|
Michigan State Building Authority RB, Series I, 5.00%, 04/15/28 |
250 | 282,820 | ||||||
|
Michigan State University RB, Series B, 5.00%, 02/15/28 |
85 | 94,867 | ||||||
|
University of Michigan RB, 5.00%, 04/01/32 (Call 04/01/28) |
75 | 84,009 | ||||||
|
|
|
|||||||
| 959,450 | ||||||||
| Minnesota — 1.6% | ||||||||
|
Metropolitan Council GO |
||||||||
|
5.00%, 03/01/28 |
200 | 226,215 | ||||||
|
5.00%, 12/01/28 |
100 | 114,374 | ||||||
|
Series C, 4.00%, 03/01/28 (Call 03/01/27) |
25 | 26,640 | ||||||
|
Minneapolis-St Paul Metropolitan Airports Commission RB, Series A, 5.00%, 01/01/28 (Call 01/01/27) |
80 | 87,455 | ||||||
|
Minnesota Public Facilities Authority RB, Series A, 5.00%, 03/01/28 (Call 03/01/26) |
100 | 109,206 | ||||||
|
State of Minnesota GO |
||||||||
|
Series A, 5.00%, 10/01/28 (Call 10/01/27) |
100 | 111,773 | ||||||
|
Series A, 5.00%, 08/01/29 (Call 08/01/28) |
190 | 215,494 | ||||||
|
Series A, 5.00%, 08/01/32 (Call 08/01/28) |
200 | 226,483 | ||||||
|
Series B, 5.00%, 10/01/28 (Call 10/01/27) |
90 | 100,596 | ||||||
|
|
|
|||||||
| 1,218,236 | ||||||||
|
Mississippi — 0.3% |
||||||||
|
State of Mississippi GO, Series A, 5.00%, 10/01/28 (Call 10/01/27) |
185 | 206,789 | ||||||
|
|
|
|||||||
| Missouri — 0.5% | ||||||||
|
City of Kansas City MO Sanitary Sewer System Revenue RB, Series A, 5.00%, 01/01/29 (Call 01/01/28) |
140 | 156,780 | ||||||
|
Missouri State Board of Public Buildings RB, Series B, 4.00%, 10/01/28 |
205 | 218,983 | ||||||
|
|
|
|||||||
| 375,763 | ||||||||
| Nebraska — 0.6% | ||||||||
|
Omaha Public Power District, 5.00%, 02/01/29 (Call 02/01/28) |
100 | 111,898 | ||||||
|
Omaha Public Power District RB, Series A, 5.00%, 02/01/28 (Call 02/01/26) |
125 | 135,584 | ||||||
|
University of Nebraska Facilities Corp. RB |
||||||||
|
5.00%, 07/15/28 |
55 | 61,848 | ||||||
|
5.00%, 07/15/30 (Call 07/15/28) |
135 | 150,603 | ||||||
|
|
|
|||||||
| 459,933 | ||||||||
| Nevada — 2.5% | ||||||||
|
Clark County School District GOL, Series C, 5.00%, 06/15/28 (Call 12/15/27) |
145 | 160,780 | ||||||
|
County of Clark Department of Aviation RB, Series B, 5.00%, 07/01/28 |
150 | 168,228 | ||||||
|
County of Clark NV GOL |
||||||||
|
5.00%, 12/01/30 (Call 12/01/28) |
150 | 169,072 | ||||||
|
5.00%, 12/01/31 (Call 12/01/28) |
175 | 196,833 | ||||||
|
County of Clark NV RB, Series B, 5.00%, 07/01/28 |
250 | 281,886 | ||||||
| Security | Par (000) |
Value | ||||||
|
Nevada (continued) |
||||||||
|
County of Washoe NV RB, 5.00%, 02/01/28 |
$ | 195 | $ | 218,083 | ||||
|
Las Vegas Valley Water District GOL, 5.00%, 06/01/28 |
235 | 266,071 | ||||||
|
State of Nevada GOL |
||||||||
|
Series A, 5.00%, 04/01/28 |
40 | 45,274 | ||||||
|
Series A, 5.00%, 05/01/28 |
75 | 84,989 | ||||||
|
State of Nevada Highway Improvement Revenue RB |
||||||||
|
5.00%, 12/01/28 (Call 06/01/26) |
100 | 108,599 | ||||||
|
5.00%, 12/01/30 (Call 06/01/28) |
155 | 174,718 | ||||||
|
|
|
|||||||
| 1,874,533 | ||||||||
| New Hampshire — 0.5% | ||||||||
|
New Hampshire Municipal Bond Bank RB, Series B, 5.00%, 08/15/28 |
265 | 299,308 | ||||||
|
State of New Hampshire GO, Series A, 5.00%, 12/01/31 (Call 12/01/28) |
65 | 73,943 | ||||||
|
|
|
|||||||
| 373,251 | ||||||||
| New Jersey — 1.8% | ||||||||
|
New Jersey Economic Development Authority RB, 5.00%, 06/15/28 |
60 | 65,434 | ||||||
|
New Jersey Transportation Trust Fund Authority RB |
||||||||
|
5.00%, 06/15/30 (Call 12/15/28) |
75 | 81,544 | ||||||
|
Series A, 5.00%, 06/15/28 (Call 06/15/26) |
100 | 107,754 | ||||||
|
New Jersey Turnpike Authority RB |
||||||||
|
Series B, 5.00%, 01/01/31 (Call 01/01/28) |
105 | 115,115 | ||||||
|
Series B, 5.00%, 01/01/32 (Call 01/01/28) |
330 | 361,509 | ||||||
|
Series E, 5.00%, 01/01/29 (Call 01/01/28) |
150 | 165,821 | ||||||
|
State of New Jersey GO |
||||||||
|
5.00%, 06/01/28 (Call 06/01/27) |
135 | 147,218 | ||||||
|
Series A, 5.00%, 06/01/28 |
300 | 331,673 | ||||||
|
|
|
|||||||
| 1,376,068 | ||||||||
| New Mexico — 0.4% | ||||||||
|
New Mexico Finance Authority RB |
||||||||
|
5.00%, 06/15/28 |
100 | 112,984 | ||||||
|
Series D, 5.00%, 06/01/29 (Call 06/01/28) |
70 | 78,825 | ||||||
|
State of New Mexico Severance Tax Permanent Fund RB, 5.00%, 07/01/28 |
105 | 118,710 | ||||||
|
|
|
|||||||
| 310,519 | ||||||||
| New York — 11.1% | ||||||||
|
City of New York NY GO |
||||||||
|
5.00%, 08/01/31 (Call 02/01/28) |
100 | 110,239 | ||||||
|
Series A, 5.00%, 08/01/28 (Call 08/01/27) |
25 | 27,656 | ||||||
|
Series A, 5.00%, 08/01/29 (Call 02/01/28) |
110 | 122,425 | ||||||
|
Series A-2, 5.00%, 08/01/29 (Call 02/01/28) |
100 | 111,295 | ||||||
|
Series B-1, 5.00%, 10/01/28 |
80 | 89,818 | ||||||
|
Series C, 5.00%, 08/01/28 (Call 02/01/27) |
150 | 164,756 | ||||||
|
Series C, 5.00%, 08/01/29 (Call 02/01/28) |
195 | 217,026 | ||||||
|
Series D, 5.00%, 08/01/28 (Call 02/01/26) |
210 | 226,613 | ||||||
|
Series E, 5.00%, 08/01/28 |
85 | 95,227 | ||||||
|
Long Island Power Authority RB |
||||||||
|
5.00%, 09/01/29 (Call 09/01/28) |
165 | 185,828 | ||||||
|
Series A, 0.00%, 12/01/28 (AGM)(a) |
170 | 138,521 | ||||||
|
Metropolitan Transportation Authority RB |
||||||||
|
Series B, 5.00%, 11/15/28 |
435 | 471,963 | ||||||
|
Series C-1, 5.00%, 11/15/28 (Call 05/15/28) |
195 | 210,430 | ||||||
|
Series C-1, 5.00%, 11/15/29 (Call 05/15/28) |
290 | 311,662 | ||||||
|
New York City Transitional Finance Authority Building Aid Revenue RB |
||||||||
|
Series S, 5.00%, 07/15/30 (Call 07/15/28) (SAW) |
130 | 144,480 | ||||||
|
Series S-2A, 5.00%, 07/15/31 (Call 07/15/28) (SAW) |
170 | 187,865 | ||||||
|
Series S-2A, 5.00%, 07/15/32 (Call 07/15/28) (SAW) |
100 | 110,218 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
93 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2028 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
New York (continued) |
||||||||
|
Series S-4A, 5.00%, 07/15/28 (SAW) |
$ | 35 | $ | 39,273 | ||||
|
Series S-4A, 5.00%, 07/15/31 (Call 07/15/28) (SAW) |
120 | 132,611 | ||||||
|
New York City Transitional Finance Authority Future Tax Secured Revenue RB |
||||||||
|
5.00%, 11/01/28 |
195 | 219,535 | ||||||
|
5.00%, 11/01/28 (Call 11/01/27) |
100 | 110,560 | ||||||
|
Series A1, 5.00%, 08/01/32 (Call 08/01/28) |
50 | 55,287 | ||||||
|
Series B-1, 5.00%, 08/01/28 (Call 08/01/27) |
100 | 110,215 | ||||||
|
Series C-1, 5.00%, 11/01/28 |
25 | 28,145 | ||||||
|
New York City Water & Sewer System RB |
||||||||
|
5.00%, 06/15/28 |
195 | 219,850 | ||||||
|
5.00%, 06/15/28 (Call 06/15/27) |
100 | 111,092 | ||||||
|
Series CC-1, 5.00%, 06/15/28 |
135 | 152,204 | ||||||
|
New York State Dormitory Authority RB |
||||||||
|
Series A, 5.00%, 02/15/28 (Call 02/15/27) |
175 | 192,739 | ||||||
|
Series A, 5.00%, 03/15/28 |
125 | 140,232 | ||||||
|
Series A, 5.00%, 03/15/28 (Call 09/15/26) |
30 | 32,718 | ||||||
|
Series A, 5.00%, 03/15/29 (Call 03/15/28) |
185 | 206,632 | ||||||
|
Series A, 5.00%, 07/01/29 (Call 07/01/28) |
170 | 192,270 | ||||||
|
Series A, 5.00%, 03/15/31 (Call 03/15/28) |
160 | 176,823 | ||||||
|
Series A, 5.00%, 03/15/32 (Call 03/15/28) |
140 | 154,080 | ||||||
|
Series A, 5.00%, 03/15/32 (Call 09/15/28) |
145 | 161,505 | ||||||
|
Series B, 5.00%, 02/15/28 (Call 08/15/27) |
320 | 355,011 | ||||||
|
Series C, 5.00%, 03/15/29 (Call 03/15/28) |
175 | 195,463 | ||||||
|
Series C, 5.00%, 03/15/31 (Call 03/15/28) |
80 | 88,411 | ||||||
|
Series C, 5.00%, 03/15/32 (Call 03/15/28) |
60 | 66,034 | ||||||
|
Series E, 5.00%, 03/15/30 (Call 09/15/28) |
155 | 173,522 | ||||||
|
New York State Environmental Facilities Corp. RB |
||||||||
|
5.00%, 06/15/28 (Call 06/15/27) |
145 | 161,524 | ||||||
|
Series B, 5.00%, 06/15/32 (Call 06/15/28) |
75 | 84,133 | ||||||
|
New York State Thruway Authority RB |
||||||||
|
Series L, 5.00%, 01/01/30 (Call 01/01/28) |
230 | 254,828 | ||||||
|
Series L, 5.00%, 01/01/31 (Call 01/01/28) |
110 | 121,437 | ||||||
|
New York State Urban Development Corp. RB |
||||||||
|
Series A, 5.00%, 03/15/28 (Call 03/15/26) |
340 | 367,407 | ||||||
|
Series A, 5.00%, 03/15/28 (Call 03/15/27) |
25 | 27,451 | ||||||
|
Series C-2, 5.00%, 03/15/28 (Call 09/15/27) |
100 | 110,540 | ||||||
|
Port Authority of New York & New Jersey RB |
||||||||
|
Series 205TH, 5.00%, 11/15/28 (Call 11/15/27) |
120 | 133,380 | ||||||
|
Series 209TH, 5.00%, 07/15/30 (Call 07/15/28) |
100 | 113,131 | ||||||
|
Series 211TH, 5.00%, 09/01/32 (Call 09/01/28) |
165 | 185,658 | ||||||
|
Triborough Bridge & Tunnel Authority RB |
||||||||
|
Series B, 0.00%, 11/15/28(a) |
155 | 125,438 | ||||||
|
Series B, 5.00%, 11/15/28 |
240 | 271,700 | ||||||
|
Series C-1, 5.00%, 11/15/28 |
45 | 50,944 | ||||||
|
Utility Debt Securitization Authority RB, Series A, 5.00%, 06/15/28 (Call 06/15/26) |
150 | 164,346 | ||||||
|
|
|
|||||||
| 8,412,151 | ||||||||
| North Carolina — 1.7% | ||||||||
|
City of Charlotte NC GO, Series A, 5.00%, 06/01/28 |
115 | 130,897 | ||||||
|
County of Guilford NC GO, Series B, 5.00%, 05/01/28 (Call 05/01/27) |
100 | 111,734 | ||||||
|
County of Wake NC GO |
||||||||
|
Series A, 5.00%, 04/01/28 |
15 | 17,031 | ||||||
|
Series A, 5.00%, 03/01/31 (Call 03/01/28) |
100 | 112,911 | ||||||
|
County of Wake NC RB, Series A, 5.00%, 12/01/28 (Call 12/01/26) |
65 | 71,550 | ||||||
|
North Carolina State University at Raleigh RB, 5.00%, 10/01/28 |
75 | 85,238 | ||||||
| Security |
Par (000) |
Value | ||||||
|
North Carolina (continued) |
||||||||
|
State of North Carolina GO |
||||||||
|
Series A, 5.00%, 06/01/28 |
$ | 230 | $ | 261,794 | ||||
|
Series A, 5.00%, 06/01/29 (Call 06/01/28) |
150 | 170,260 | ||||||
|
State of North Carolina RB |
||||||||
|
5.00%, 03/01/28 |
175 | 195,228 | ||||||
|
Series B, 5.00%, 05/01/28 (Call 05/01/27) |
150 | 166,559 | ||||||
|
|
|
|||||||
| 1,323,202 | ||||||||
| Ohio — 3.2% | ||||||||
|
American Municipal Power Inc. RB, Series A, 5.00%, 02/15/28 (Call 02/15/26) |
100 | 108,207 | ||||||
|
City of Columbus OH GO, Series A, 5.00%, 04/01/31 (Call 10/01/28) |
410 | 464,343 | ||||||
|
County of Franklin OH Sales Tax Revenue RB, 4.00%, 06/01/31 (Call 06/01/28) |
110 | 118,231 | ||||||
|
Ohio Turnpike & Infrastructure Commission RB, Series A, 5.00%, 02/15/28 (Call 02/15/27) |
135 | 149,259 | ||||||
|
Ohio Water Development Authority RB |
||||||||
|
5.00%, 06/01/28 (Call 03/01/28) |
170 | 191,814 | ||||||
|
5.00%, 12/01/28 |
100 | 114,179 | ||||||
|
5.00%, 12/01/28 (Call 12/01/26) |
95 | 104,982 | ||||||
|
Series A, 5.00%, 06/01/28 |
145 | 164,345 | ||||||
|
State of Ohio GO |
||||||||
|
5.00%, 09/01/28 |
150 | 170,271 | ||||||
|
Series B, 5.00%, 09/01/28 |
130 | 147,568 | ||||||
|
Series B, 5.00%, 09/15/28 |
40 | 45,431 | ||||||
|
Series S, 5.00%, 05/01/28 (Call 05/01/26) |
260 | 283,829 | ||||||
|
Series V, 5.00%, 05/01/32 (Call 05/01/28) |
50 | 55,990 | ||||||
|
State of Ohio RB |
||||||||
|
Series A, 5.00%, 04/01/28 |
115 | 129,557 | ||||||
|
Series C, 5.00%, 12/01/28 (Call 12/01/26) |
135 | 148,571 | ||||||
|
|
|
|||||||
| 2,396,577 | ||||||||
| Oklahoma — 0.1% | ||||||||
|
Oklahoma Capitol Improvement Authority RB, 5.00%, 07/01/28 |
25 | 28,128 | ||||||
|
Oklahoma Department of Transportation RB, Series A, 5.00%, 09/01/28 |
50 | 56,107 | ||||||
|
|
|
|||||||
| 84,235 | ||||||||
| Oregon — 1.0% | ||||||||
|
City of Portland OR GOL, Series B, 5.00%, 06/15/29 (Call 06/15/28) |
145 | 164,679 | ||||||
|
City of Portland OR Sewer System Revenue RB, Series A, 5.00%, 05/01/28 (Call 05/01/26) |
100 | 109,165 | ||||||
|
Oregon Health & Science University RB, Series A, 5.00%, 07/01/28 |
135 | 150,194 | ||||||
|
Salem-Keizer School District No. 24J GO, Series B, 0.00%, 06/15/28 (GTD)(a) |
90 | 74,144 | ||||||
|
State of Oregon GO |
||||||||
|
Series A, 5.00%, 05/01/28 |
40 | 45,233 | ||||||
|
Series D, 5.00%, 06/01/28 |
155 | 175,493 | ||||||
|
Series Q, 5.00%, 05/01/28 (Call 05/01/26) |
60 | 65,523 | ||||||
|
|
|
|||||||
| 784,431 | ||||||||
| Pennsylvania — 2.0% | ||||||||
|
City of Philadelphia PA Water & Wastewater Revenue RB, Series B, 5.00%, 11/01/28 (Call 11/01/27) |
120 | 133,575 | ||||||
|
Commonwealth of Pennsylvania GO |
||||||||
|
First Series, 5.00%, 01/01/28 (Call 01/01/27) |
305 | 335,275 | ||||||
|
Second Series, 5.00%, 09/15/28 (Call 09/15/26) |
250 | 272,649 | ||||||
|
Series 1, 5.00%, 02/01/28 (Call 02/01/26) |
140 | 151,438 | ||||||
|
County of Chester PA GO, Series A, 4.00%, 07/15/28 (Call 07/15/26) |
105 | 110,586 | ||||||
| 94 |
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 2028 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Pennsylvania (continued) |
||||||||
|
Pennsylvania Turnpike Commission RB |
||||||||
|
Second Series, 5.00%, 12/01/28 (Call 12/01/27) |
$ | 110 | $ | 121,736 | ||||
|
Series A, 5.25%, 07/15/28 (AGM) |
320 | 367,705 | ||||||
|
Pittsburgh Water & Sewer Authority RB, Series A, 5.00%, 09/01/28 (Call 09/01/27) (AGM) |
30 | 33,350 | ||||||
|
|
|
|||||||
| 1,526,314 | ||||||||
| Rhode Island — 0.5% | ||||||||
|
Rhode Island Commerce Corp. RB, 5.00%, 05/15/28 |
200 | 221,701 | ||||||
|
State of Rhode Island GO, Series B, 5.00%, 08/01/28 (Call 08/01/27) |
125 | 139,769 | ||||||
|
|
|
|||||||
| 361,470 | ||||||||
| South Carolina — 0.9% | ||||||||
|
County of Beaufort SC GO, Series A, 5.00%, 02/01/28 (Call 02/01/27) (SAW) |
120 | 132,734 | ||||||
|
County of Charleston SC GO, Series B, 5.00%, 11/01/28 |
100 | 114,429 | ||||||
|
South Carolina Transportation Infrastructure Bank RB 5.00%, 10/01/28 |
150 | 169,533 | ||||||
|
Series A, 5.00%, 10/01/29 (Call 10/01/28) |
130 | 146,246 | ||||||
|
State of South Carolina GO, Series A, 5.00%, 04/01/28 (Call 10/01/27) (SAW) |
110 | 123,714 | ||||||
|
|
|
|||||||
| 686,656 | ||||||||
| Tennessee — 2.2% | ||||||||
|
City of Clarksville TN Water Sewer & Gas Revenue RB, 5.00%, 02/01/28 (Call 02/01/26) |
100 | 108,481 | ||||||
|
City of Memphis TN Sanitary Sewerage System Revenue RB, Series B, 5.00%, 10/01/28 |
190 | 215,578 | ||||||
|
County of Hamilton TN GO |
||||||||
|
5.00%, 04/01/29 (Call 04/01/28) |
100 | 112,924 | ||||||
|
Series A, 5.00%, 04/01/28 |
50 | 56,592 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN Electric Revenue RB, Series A, 5.00%, 05/15/28 (Call 05/15/27) |
110 | 122,219 | ||||||
|
Metropolitan Government of Nashville & Davidson County TN GO |
||||||||
|
4.00%, 01/01/28 (Call 07/01/26) |
90 | 94,573 | ||||||
|
4.00%, 07/01/28 |
110 | 118,156 | ||||||
|
5.00%, 01/01/28 (Call 07/01/26) |
170 | 185,986 | ||||||
|
5.00%, 07/01/32 (Call 07/01/28) |
75 | 83,738 | ||||||
|
State of Tennessee GO |
||||||||
|
Series A, 5.00%, 02/01/29 (Call 02/01/28) |
105 | 118,444 | ||||||
|
Series A, 5.00%, 02/01/32 (Call 02/01/28) |
75 | 84,301 | ||||||
|
Tennessee State School Bond Authority RB |
||||||||
|
Series A, 5.00%, 11/01/28 (Call 11/01/27) |
115 | 127,596 | ||||||
|
Series B, 5.00%, 11/01/28 (Call 11/01/27) (ST INTERCEPT) |
220 | 244,098 | ||||||
|
|
|
|||||||
| 1,672,686 | ||||||||
| Texas — 11.8% | ||||||||
|
Abilene Independent School District GO, 5.00%, 02/15/28 |
55 | 61,853 | ||||||
|
Aldine Independent School District GO, 5.00%, 02/15/28 (Call 02/15/27) (PSF) |
90 | 99,634 | ||||||
|
Alvin Independent School District/TX GO, Series A, 5.00%, 02/15/28 (Call 02/15/26) (PSF) |
95 | 103,403 | ||||||
|
Austin Independent School District GO |
||||||||
|
5.00%, 08/01/28 (Call 08/01/26) (PSF) |
100 | 109,604 | ||||||
|
5.00%, 08/01/31 (Call 08/01/28) (PSF) |
200 | 225,981 | ||||||
|
Board of Regents of the University of Texas System RB, Series H, 5.00%, 08/15/28 (Call 08/15/26) |
75 | 82,419 | ||||||
|
City of Austin TX GOL, 5.00%, 09/01/28 |
235 | 265,735 | ||||||
|
City of Austin TX Water & Wastewater System Revenue RB, 5.00%, 11/15/28 (Call 11/15/26) |
175 | 192,452 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
City of Dallas TX Waterworks & Sewer System Revenue RB |
||||||||
|
5.00%, 10/01/28 (Call 10/01/27) |
$ | 150 | $ | 168,222 | ||||
|
Series C, 5.00%, 10/01/29 (Call 10/01/28) |
50 | 56,813 | ||||||
|
City of Houston TX Combined Utility System Revenue RB |
||||||||
|
Series A, 0.00%, 12/01/28 (AGM)(a) |
170 | 139,151 | ||||||
|
Series B, 5.00%, 11/15/28 (Call 11/15/27) |
105 | 116,935 | ||||||
|
Series D, 5.00%, 11/15/30 (Call 11/15/28) |
145 | 163,344 | ||||||
|
City of Houston TX GOL, Series A, 5.00%, 03/01/28 |
150 | 168,194 | ||||||
|
City of Lewisville TX GOL, 5.00%, 02/15/30 (Call 02/15/28) |
75 | 84,501 | ||||||
|
City of San Antonio TX Electric & Gas Systems Revenue RB |
||||||||
|
4.00%, 02/01/28 (Call 08/01/26) |
50 | 52,517 | ||||||
|
5.00%, 02/01/28 |
60 | 66,900 | ||||||
|
5.00%, 02/01/28 (Call 08/01/26) |
125 | 136,270 | ||||||
|
City of San Antonio TX GOL |
||||||||
|
5.00%, 08/01/28 |
75 | 84,940 | ||||||
|
5.00%, 08/01/28 (Call 08/01/27) |
95 | 105,928 | ||||||
|
County of Harris TX GOL, 5.00%, 10/01/28 |
100 | 113,777 | ||||||
|
Dallas Independent School District, GO, Series A, 5.00%, 02/15/28 |
250 | 281,295 | ||||||
|
Fort Bend Independent School District GO |
||||||||
|
Series B, 4.00%, 02/15/32 (Call 02/15/28) (PSF) |
60 | 63,135 | ||||||
|
Series C, 5.00%, 08/15/28 (PSF) |
50 | 56,596 | ||||||
|
Frisco Independent School District GO, 5.00%, 08/15/28 (PSF) |
300 | 340,321 | ||||||
|
Georgetown Independent School District GO, Series A, 5.00%, 08/15/29 (Call 08/15/28) (PSF) |
105 | 119,220 | ||||||
|
Grand Parkway Transportation Corp. RB, Series A, 5.00%, 10/01/30 (Call 04/01/28) |
130 | 144,605 | ||||||
|
Grand Prairie Independent School District GO, Series A, 5.00%, 02/15/28 (Call 08/15/26) (PSF) |
80 | 87,777 | ||||||
|
Harris County Toll Road Authority (The) RB, Series A, 5.00%, 08/15/32 (Call 02/15/28) |
105 | 117,112 | ||||||
|
Houston Independent School District GOL, 5.00%, 07/15/29 (Call 07/15/28) |
120 | 135,575 | ||||||
|
Katy Independent School District GO, 5.00%, 02/15/31 (Call 02/15/28) (PSF) |
125 | 140,111 | ||||||
|
Killeen Independent School District GO, 5.00%, 02/15/30 (Call 02/15/28) (PSF) |
280 | 314,672 | ||||||
|
Klein Independent School District GO, 5.00%, 08/01/28 (Call 08/01/26) (PSF) |
185 | 202,378 | ||||||
|
Laredo Independent School District GO, 5.00%, 08/01/28 (Call 08/01/27) (PSF) |
110 | 122,997 | ||||||
|
Leander Independent School District GO, Series A, 5.00%, 08/15/31 (Call 02/15/28) (PSF) |
190 | 212,770 | ||||||
|
Lewisville Independent School District GO, 5.00%, 08/15/32 (Call 08/15/28) (PSF) |
250 | 281,119 | ||||||
|
Lone Star College System GOL, 5.00%, 02/15/28 (Call 02/15/26) . |
15 | 16,287 | ||||||
|
North East Independent School District/TX GO, 5.00%, 08/01/30 (Call 08/01/28) (PSF) |
50 | 56,571 | ||||||
|
North Texas Municipal Water District RB, 5.00%, 06/01/28 (Call 06/01/26) |
95 | 103,937 | ||||||
|
North Texas Tollway Authority RB |
||||||||
|
First Series, 0.00%, 01/01/28(a) |
220 | 182,789 | ||||||
|
Series B, 5.00%, 01/01/28 |
170 | 188,883 | ||||||
|
Northside Independent School District GO |
||||||||
|
5.00%, 08/15/28 (Call 08/15/27) (PSF) |
150 | 167,742 | ||||||
|
5.00%, 08/15/31 (Call 08/15/28) (PSF) |
150 | 168,389 | ||||||
|
Pflugerville Independent School District GO, Series A, 5.00%, 02/15/30 (Call 02/15/28) (PSF) |
55 | 61,405 | ||||||
|
Richardson Independent School District GO, 5.00%, 02/15/30 (Call 02/15/28) (PSF) |
200 | 224,766 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
95 |
|
Schedule of Investments (unaudited) (continued) April 30, 2022 |
iShares® iBonds® Dec 2028 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Texas (continued) |
||||||||
|
Round Rock Independent School District GO |
||||||||
|
5.00%, 08/01/31 (Call 08/01/28) (PSF) |
$ | 105 | $ | 118,447 | ||||
|
5.00%, 08/01/32 (Call 08/01/28) (PSF) |
100 | 112,629 | ||||||
|
Series A, 5.00%, 08/01/28 (PSF) |
145 | 163,773 | ||||||
|
San Antonio Independent School District/TX GO |
||||||||
|
5.00%, 08/15/29 (Call 08/15/28) (PSF) |
100 | 113,357 | ||||||
|
5.00%, 08/15/32 (Call 08/15/28) (PSF) |
200 | 225,386 | ||||||
|
San Antonio Water System RB, 5.00%, 05/15/28 |
195 | 219,940 | ||||||
|
Spring Independent School District GO, 5.00%, 08/15/32 (Call 08/15/28) (PSF) |
215 | 242,422 | ||||||
|
State of Texas GO, Series A, 5.00%, 08/01/29 (Call 08/01/28) |
150 | 169,206 | ||||||
|
Temple Independent School District/TX GO, 4.00%, 02/01/28 (Call 02/01/27) (PSF) |
110 | 116,717 | ||||||
|
Texas A&M University RB, Series E, 5.00%, 05/15/28 (Call 05/15/27) |
100 | 110,810 | ||||||
|
Texas Transportation Commission State Highway Fund RB, |
||||||||
|
5.00%, 10/01/28 (Call 10/01/26) |
95 | 104,676 | ||||||
|
Texas Water Development Board RB |
||||||||
|
Series A, 5.00%, 10/15/28 (Call 04/15/28) |
100 | 112,441 | ||||||
|
Series A, 5.00%, 10/15/31 (Call 04/15/28) |
100 | 112,278 | ||||||
|
Series B, 5.00%, 04/15/28 |
100 | 112,600 | ||||||
|
Series B, 5.00%, 10/15/29 (Call 10/15/28) |
35 | 39,747 | ||||||
|
Series B, 5.00%, 04/15/31 (Call 10/15/28) |
85 | 96,319 | ||||||
|
Series B, 5.00%, 10/15/31 (Call 10/15/28) |
200 | 226,443 | ||||||
|
Trinity River Authority Central Regional Wastewater System Revenue RB, 5.00%, 08/01/32 (Call 08/01/28) |
100 | 112,020 | ||||||
|
|
|
|||||||
| 8,898,236 | ||||||||
| Utah — 1.8% | ||||||||
|
Alpine School District/UT GO, Series B, 5.00%, 03/15/28 (Call 03/15/27) (GTD) |
225 | 250,304 | ||||||
|
City of Provo UT GO, 5.00%, 02/01/30 (Call 08/01/28) |
100 | 113,306 | ||||||
|
Salt Lake City Corp. RB, 5.00%, 02/01/28 (Call 02/01/27) |
265 | 294,180 | ||||||
|
State of Utah GO |
||||||||
|
5.00%, 07/01/28 |
170 | 193,751 | ||||||
|
Series B, 5.00%, 07/01/28 |
90 | 102,574 | ||||||
|
University of Utah (The) RB |
||||||||
|
Series A, 5.00%, 08/01/28 (Call 08/01/27) (SAP) |
150 | 166,217 | ||||||
|
Series B-1, 5.00%, 08/01/28 (Call 08/01/27) (SAP) |
155 | 171,757 | ||||||
|
Utah Water Finance Agency RB, Series A, 5.00%, 03/01/28 (Call 03/01/27) |
35 | 38,759 | ||||||
|
|
|
|||||||
| 1,330,848 | ||||||||
| Virginia — 4.0% | ||||||||
|
City of Virginia Beach VA GO, 5.00%, 04/01/30 (Call 04/01/28) |
120 | 135,397 | ||||||
|
Commonwealth of Virginia GO, Series A, 5.00%, 06/01/30 (Call 06/01/28) |
220 | 250,966 | ||||||
|
County of Arlington VA GO, 5.00%, 08/15/29 (Call 08/15/28) |
125 | 142,784 | ||||||
|
County of Chesterfield VA GO, Series A, 5.00%, 01/01/29 (Call 01/01/28) (SAW) |
55 | 61,930 | ||||||
|
County of Fairfax VA GO |
||||||||
|
Series A, 5.00%, 10/01/28 (Call 04/01/27) (SAW) |
50 | 55,593 | ||||||
|
Series A, 5.00%, 10/01/28 (Call 04/01/28) (SAW) |
150 | 169,878 | ||||||
|
Series A, 5.00%, 10/01/30 (Call 04/01/28) (SAW) |
100 | 112,216 | ||||||
|
Fairfax County Industrial Development Authority RB, 5.00%, 05/15/28 |
200 | 224,160 | ||||||
|
Hampton Roads Transportation Accountability Commission RB, Series A, 5.00%, 07/01/28 |
155 | 175,144 | ||||||
|
Virginia College Building Authority RB |
||||||||
|
5.00%, 02/01/28 (Call 02/01/27) |
110 | 121,465 | ||||||
|
Series A, 5.00%, 09/01/28 (Call 09/01/26) (ST INTERCEPT) |
75 | 82,323 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Virginia (continued) |
||||||||
|
Series A, 5.00%, 09/01/28 (PR 09/01/26) (ST INTERCEPT) |
$ | 5 | $ | 5,497 | ||||
|
Series B, 5.00%, 02/01/28 |
110 | 123,332 | ||||||
|
Series E, 5.00%, 02/01/29 (Call 02/01/28) |
160 | 179,307 | ||||||
|
Series E, 5.00%, 02/01/30 (Call 02/01/28) |
130 | 145,282 | ||||||
|
Virginia Commonwealth Transportation Board RB |
||||||||
|
5.00%, 03/15/32 (Call 09/15/28) |
85 | 94,884 | ||||||
|
Series A, 5.00%, 05/15/28 (Call 11/15/27) |
25 | 27,801 | ||||||
|
Virginia Public Building Authority RB |
||||||||
|
5.00%, 08/01/28 |
80 | 90,113 | ||||||
|
Series A, 5.00%, 08/01/28 |
275 | 309,763 | ||||||
|
Virginia Public School Authority RB |
||||||||
|
5.00%, 03/01/28 (SAW) |
20 | 22,598 | ||||||
|
Series B, 5.00%, 08/01/28 (Call 08/01/27) (SAW) |
165 | 183,468 | ||||||
|
Virginia Resources Authority RB |
||||||||
|
5.00%, 11/01/28 |
95 | 108,220 | ||||||
|
Series A, 5.00%, 11/01/28 |
80 | 91,133 | ||||||
|
Series A, 5.00%, 11/01/30 (Call 11/01/28) |
115 | 131,242 | ||||||
|
|
|
|||||||
| 3,044,496 | ||||||||
| Washington — 5.2% | ||||||||
|
Auburn School District No. 408 of King & Pierce Counties GO, 5.00%, 12/01/28 (Call 12/01/27) (GTD) |
40 | 45,035 | ||||||
|
Central Puget Sound Regional Transit Authority RB, Series S-1, 5.00%, 11/01/28 (Call 11/01/26) |
100 | 110,126 | ||||||
|
City of Everett WA Water & Sewer Revenue RB, 5.00%, 12/01/28 (Call 12/01/26) |
50 | 55,254 | ||||||
|
City of Seattle WA Drainage & Wastewater Revenue RB, 4.00%, 07/01/28 (Call 07/01/27) |
150 | 159,783 | ||||||
|
City of Seattle WA GOL, 5.00%, 12/01/28 |
75 | 85,634 | ||||||
|
City of Seattle WA Municipal Light & Power Revenue RB |
||||||||
|
Series A, 5.00%, 04/01/28 |
125 | 140,823 | ||||||
|
Series B, 5.00%, 04/01/28 (Call 04/01/26) |
70 | 76,296 | ||||||
|
Series C, 4.00%, 10/01/28 (Call 10/01/26) |
65 | 68,647 | ||||||
|
City of Tacoma WA Electric System Revenue RB, 5.00%, 01/01/28 (Call 01/01/27) |
30 | 33,130 | ||||||
|
Clark County School District No. 37 Vancouver GO, 5.00%, 12/01/28 (GTD) |
130 | 148,686 | ||||||
|
County of King WA GOL, 5.00%, 07/01/28 |
120 | 136,398 | ||||||
|
County of King WA Sewer Revenue RB |
||||||||
|
Series B, 5.00%, 07/01/28 |
100 | 113,057 | ||||||
|
Series B, 5.00%, 07/01/29 (Call 07/01/28) |
110 | 124,343 | ||||||
|
County of Spokane WA GOL, Series B, 5.00%, 12/01/28 |
130 | 147,844 | ||||||
|
Energy Northwest RB |
||||||||
|
5.00%, 07/01/28 |
380 | 428,926 | ||||||
|
Series A, 5.00%, 07/01/28 (Call 07/01/27) |
125 | 138,891 | ||||||
|
Series C, 5.00%, 07/01/30 (Call 07/01/28) |
125 | 140,504 | ||||||
|
King & Snohomish Counties School District No. 417 Northshore GO, 5.00%, 12/01/29 (Call 06/01/28) (GTD) |
145 | 163,644 | ||||||
|
King County School District No. 405 Bellevue GO, 5.00%, 12/01/28 (Call 12/01/26) (GTD) |
10 | 11,042 | ||||||
|
King County School District No. 414 Lake Washington GO, 4.00%, 12/01/28 (Call 06/01/26) (GTD) |
50 | 52,581 | ||||||
|
Port of Seattle WA RB |
||||||||
|
5.00%, 05/01/28 (Call 05/01/27) |
100 | 110,601 | ||||||
|
5.00%, 06/01/28 |
100 | 111,437 | ||||||
|
State of Washington COP, Series B, 5.00%, 07/01/30 (Call 07/01/28) |
180 | 202,326 | ||||||
|
State of Washington GO |
||||||||
|
Series 2017-A, 5.00%, 08/01/28 (Call 08/01/26) |
120 | 131,323 | ||||||
|
Series B, 5.00%, 08/01/28 (Call 08/01/26) |
90 | 98,492 | ||||||
|
Series C, 0.00%, 06/01/28 (NPFGC)(a) |
75 | 62,541 | ||||||
| 96 |
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 2028 Term Muni Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par |
Value | ||||||
|
Washington (continued) |
||||||||
|
Series C, 5.00%, 02/01/30 (Call 02/01/28) |
$ | 220 | $ | 246,482 | ||||
|
Series D, 5.00%, 02/01/31 (Call 02/01/28) |
105 | 117,332 | ||||||
|
Series R, 5.00%, 08/01/28 (Call 08/01/26) |
130 | 142,267 | ||||||
|
University of Washington RB, Series C, 5.00%, 04/01/28 |
240 | 269,403 | ||||||
|
Washington State University RB, 5.00%, 10/01/28 (Call 04/01/26) |
50 | 54,110 | ||||||
|
|
|
|||||||
| 3,926,958 | ||||||||
| West Virginia — 0.9% | ||||||||
|
State of West Virginia GO |
||||||||
|
Series A, 5.00%, 06/01/28 |
60 | 67,574 | ||||||
|
Series B, 5.00%, 06/01/31 (Call 06/01/28) |
235 | 261,783 | ||||||
|
Series B, 5.00%, 12/01/32 (Call 06/01/28) |
75 | 83,352 | ||||||
|
West Virginia Commissioner of Highways RB, Series A, 5.00%, 09/01/28 (Call 09/01/27) |
160 | 178,706 | ||||||
|
West Virginia State School Building Authority Lottery Revenue RB, Series A, 5.00%, 07/01/30 (Call 07/01/28) |
75 | 84,348 | ||||||
|
|
|
|||||||
| 675,763 | ||||||||
| Wisconsin — 0.8% | ||||||||
|
Milwaukee Metropolitan Sewerage District GO, 4.00%, 10/01/28 |
75 | 80,938 | ||||||
|
State of Wisconsin GO |
||||||||
|
5.00%, 11/01/28 (Call 05/01/27) |
50 | 55,498 | ||||||
|
Series 2, 5.00%, 11/01/28 (Call 05/01/26) |
125 | 135,960 | ||||||
|
Series 3, 5.00%, 11/01/28 (Call 05/01/27) |
155 | 172,044 | ||||||
| Security |
Par/ Shares (000) |
Value | ||||||
|
Wisconsin (continued) |
||||||||
|
State of Wisconsin RB, 5.00%, 05/01/28 (Call 05/01/27) |
$ | 115 | $ | 127,816 | ||||
|
|
|
|||||||
| 572,256 | ||||||||
|
|
|
|||||||
|
Total Municipal Debt Obligations — 98.6% |
|
74,524,600 | ||||||
|
|
|
|||||||
|
Short-Term Investments |
||||||||
|
Money Market Funds — 0.2% |
||||||||
|
BlackRock Liquidity Funds: MuniCash, 0.25%(b)(c) |
133 | 133,241 | ||||||
|
|
|
|||||||
|
Total Short-Term Investments — 0.2% |
|
133,241 | ||||||
|
|
|
|||||||
|
Total Investments in Securities — 98.8% |
74,657,841 | |||||||
|
Other Assets, Less Liabilities — 1.2% |
909,402 | |||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 75,567,243 | ||||||
|
|
|
|||||||
| (a) |
Zero-coupon bond. |
| (b) |
Affiliate of the Fund. |
| (c) |
Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 04/30/22 |
Shares Held at 04/30/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Liquidity Funds: MuniCash |
$ | 450,507 | $ | — | $ | (317,070 | )(a) | $ | (200 | ) | $ | 4 | $ | 133,241 | 133 | $ | 131 | $ | — | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to Financial Statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
|
||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
|
||||||||||||||||
|
Investments |
||||||||||||||||
|
Assets |
||||||||||||||||
|
Municipal Debt Obligations |
$ | — | $ | 74,524,600 | $ | — | $ | 74,524,600 | ||||||||
|
Money Market Funds |
133,241 | — | — | 133,241 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 133,241 | $ | 74,524,600 | $ | — | $ | 74,657,841 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
|
S C H E D U L E O F I N V E S T M E N T S |
97 |
Statements of Assets and Liabilities (unaudited)
April 30, 2022
iShares iBonds Dec 2022 Term Muni Bond ETF |
iShares iBonds Dec 2023 Term Muni Bond ETF |
iShares iBonds Dec 2024 Term Muni Bond ETF |
||||||||||
|
|
||||||||||||
|
ASSETS |
||||||||||||
|
Investments in securities, at value: |
||||||||||||
|
Unaffiliated(a) |
$ | 382,539,041 | $ | 378,622,069 | $ | 306,152,164 | ||||||
|
Affiliated(b) |
2,777,241 | 3,744,155 | 2,089,789 | |||||||||
|
Receivables: |
||||||||||||
|
Dividends |
587 | 581 | 515 | |||||||||
|
Interest |
5,235,468 | 5,365,156 | 4,174,909 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Total assets |
390,552,337 | 387,731,961 | 312,417,377 | |||||||||
|
|
|
|
|
|
|
|||||||
|
LIABILITIES |
||||||||||||
|
Bank overdraft |
51 | — | — | |||||||||
|
Payables: |
||||||||||||
|
Investments purchased |
3,332,962 | 2,613,680 | 1,138,125 | |||||||||
|
Investment advisory fees |
55,720 | 54,681 | 44,378 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Total liabilities |
3,388,733 | 2,668,361 | 1,182,503 | |||||||||
|
|
|
|
|
|
|
|||||||
|
NET ASSETS |
$ | 387,163,604 | $ | 385,063,600 | $ | 311,234,874 | ||||||
|
|
|
|
|
|
|
|||||||
|
NET ASSETS CONSIST OF: |
||||||||||||
|
Paid-in capital |
$ | 387,053,339 | $ | 388,280,802 | $ | 318,864,209 | ||||||
|
Accumulated earnings (loss) |
110,265 | (3,217,202 | ) | (7,629,335 | ) | |||||||
|
|
|
|
|
|
|
|||||||
|
NET ASSETS |
$ | 387,163,604 | $ | 385,063,600 | $ | 311,234,874 | ||||||
|
|
|
|
|
|
|
|||||||
|
Shares outstanding |
14,950,000 | 15,200,000 | 12,100,000 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Net asset value |
$ | 25.90 | $ | 25.33 | $ | 25.72 | ||||||
|
|
|
|
|
|
|
|||||||
|
Shares authorized |
Unlimited | Unlimited | Unlimited | |||||||||
|
|
|
|
|
|
|
|||||||
|
Par value |
None | None | None | |||||||||
|
|
|
|
|
|
|
|||||||
|
(a) Investments, at cost — Unaffiliated |
$ | 382,762,194 | $ | 382,171,947 | $ | 314,039,152 | ||||||
|
(b) Investments, at cost — Affiliated |
$ | 2,777,072 | $ | 3,744,050 | $ | 2,089,721 | ||||||
See notes to financial statements.
| 98 |
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 |
Statements of Assets and Liabilities (unaudited) (continued)
April 30, 2022
|
iShares iBonds Dec |
iShares iBonds Dec |
iShares iBonds Dec 2027 Term Muni Bond ETF |
iShares iBonds Dec 2028 Term Muni Bond ETF |
|||||||||||||
|
|
||||||||||||||||
|
ASSETS |
||||||||||||||||
|
Investments in securities, at value: |
||||||||||||||||
|
Unaffiliated(a) |
$ | 197,845,943 | $ | 152,827,614 | $ | 85,158,661 | $ | 74,524,600 | ||||||||
|
Affiliated(b) |
525,124 | 615,378 | 735,052 | 133,241 | ||||||||||||
|
Receivables: |
||||||||||||||||
|
Capital shares sold |
— | 1,251,521 | — | — | ||||||||||||
|
Dividends |
215 | 218 | 284 | 63 | ||||||||||||
|
Interest |
2,636,877 | 2,009,548 | 1,162,139 | 920,487 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Total assets |
201,008,159 | 156,704,279 | 87,056,136 | 75,578,391 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
LIABILITIES |
||||||||||||||||
|
Payables: |
||||||||||||||||
|
Investments purchased |
— | 1,549,258 | 55,581 | — | ||||||||||||
|
Investment advisory fees |
28,978 | 22,528 | 12,423 | 11,148 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Total liabilities |
28,978 | 1,571,786 | 68,004 | 11,148 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
NET ASSETS |
$ | 200,979,181 | $ | 155,132,493 | $ | 86,988,132 | $ | 75,567,243 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
NET ASSETS CONSIST OF: |
||||||||||||||||
|
Paid-in capital |
$ | 210,390,701 | $ | 164,986,984 | $ | 92,780,055 | $ | 81,441,282 | ||||||||
|
Accumulated loss |
(9,411,520 | ) | (9,854,491 | ) | (5,791,923 | ) | (5,874,039 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
NET ASSETS |
$ | 200,979,181 | $ | 155,132,493 | $ | 86,988,132 | $ | 75,567,243 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Shares outstanding |
7,650,000 | 6,200,000 | 3,500,000 | 3,050,000 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net asset value |
$ | 26.27 | $ | 25.02 | $ | 24.85 | $ | 24.78 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Shares authorized |
Unlimited | Unlimited | Unlimited | Unlimited | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Par value |
None | None | None | None | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
(a) Investments, at cost — Unaffiliated |
$ | 207,423,457 | $ | 162,809,621 | $ | 91,018,153 | $ | 80,486,853 | ||||||||
|
(b) Investments, at cost — Affiliated |
$ | 525,071 | $ | 615,316 | $ | 734,978 | $ | 133,230 | ||||||||
See notes to financial statements.
|
F I N A N C I A L S T A T E M E N T S |
99 |
Statements of Operations (unaudited)
Six Months Ended April 30, 2022
|
iShares iBonds Dec 2022 Term Muni Bond ETF |
iShares iBonds Dec 2023 Term Muni Bond ETF |
iShares iBonds Dec 2024 Term Muni Bond ETF |
iShares iBonds Dec 2025 Term Muni Bond ETF |
|||||||||||||
|
|
||||||||||||||||
|
INVESTMENT INCOME |
||||||||||||||||
|
Dividends — Affiliated |
$ | 754 | $ | 774 | $ | 917 | $ | 554 | ||||||||
|
Interest — Unaffiliated |
2,521,355 | 2,172,329 | 1,352,968 | 829,791 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Total investment income |
2,522,109 | 2,173,103 | 1,353,885 | 830,345 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
EXPENSES |
||||||||||||||||
|
Investment advisory fees |
336,132 | 311,024 | 233,734 | 172,007 | ||||||||||||
|
Professional fees |
217 | 217 | — | — | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Total expenses |
336,349 | 311,241 | 233,734 | 172,007 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net investment income |
2,185,760 | 1,861,862 | 1,120,151 | 658,338 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||||||
|
Net realized gain (loss) from: |
||||||||||||||||
|
Investments — Unaffiliated |
1,426 | — | (5,098 | ) | — | |||||||||||
|
Investments — Affiliated |
(439 | ) | (253 | ) | (345 | ) | (521 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net realized gain (loss) |
987 | (253 | ) | (5,443 | ) | (521 | ) | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net change in unrealized appreciation (depreciation) on: |
||||||||||||||||
|
Investments — Unaffiliated |
(3,424,596 | ) | (8,872,326 | ) | (11,801,995 | ) | (11,599,971 | ) | ||||||||
|
Investments — Affiliated |
151 | 105 | 59 | 53 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net change in unrealized appreciation (depreciation) |
(3,424,445 | ) | (8,872,221 | ) | (11,801,936 | ) | (11,599,918 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net realized and unrealized loss |
(3,423,458 | ) | (8,872,474 | ) | (11,807,379 | ) | (11,600,439 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (1,237,698 | ) | $ | (7,010,612 | ) | $ | (10,687,228 | ) | $ | (10,942,101 | ) | ||||
|
|
|
|
|
|
|
|
|
|||||||||
See notes to financial statements.
| 100 |
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 |
Statements of Operations (unaudited) (continued)
Six Months Ended April 30, 2022
|
iShares iBonds Dec |
iShares iBonds Dec 2027 Term Muni Bond ETF |
iShares iBonds Dec 2028 Term Muni Bond ETF |
||||||||||
|
|
||||||||||||
|
INVESTMENT INCOME |
||||||||||||
|
Dividends — Affiliated |
$ | 364 | $ | 382 | $ | 131 | ||||||
|
Interest — Unaffiliated |
598,109 | 393,227 | 481,144 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Total investment income |
598,473 | 393,609 | 481,275 | |||||||||
|
|
|
|
|
|
|
|||||||
|
EXPENSES |
||||||||||||
|
Investment advisory fees |
130,642 | 66,899 | 68,705 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Total expenses |
130,642 | 66,899 | 68,705 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Net investment income |
467,831 | 326,710 | 412,570 | |||||||||
|
|
|
|
|
|
|
|||||||
|
REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||||||
|
Net realized gain (loss) from: |
||||||||||||
|
Investments — Unaffiliated |
(38,788 | ) | (7,435 | ) | — | |||||||
|
Investments — Affiliated |
(25 | ) | 385 | (200 | ) | |||||||
|
|
|
|
|
|
|
|||||||
|
Net realized loss |
(38,813 | ) | (7,050 | ) | (200 | ) | ||||||
|
|
|
|
|
|
|
|||||||
|
Net change in unrealized appreciation (depreciation) on: |
||||||||||||
|
Investments — Unaffiliated |
(10,477,165 | ) | (6,323,322 | ) | (6,893,871 | ) | ||||||
|
Investments — Affiliated |
56 | 74 | 4 | |||||||||
|
|
|
|
|
|
|
|||||||
|
Net change in unrealized appreciation (depreciation) |
(10,477,109 | ) | (6,323,248 | ) | (6,893,867 | ) | ||||||
|
|
|
|
|
|
|
|||||||
|
Net realized and unrealized loss |
(10,515,922 | ) | (6,330,298 | ) | (6,894,067 | ) | ||||||
|
|
|
|
|
|
|
|||||||
|
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (10,048,091 | ) | $ | (6,003,588 | ) | $ | (6,481,497 | ) | |||
|
|
|
|
|
|
|
|||||||
See notes to financial statements.
|
F I N A N C I A L S T A T E M E N T S |
101 |
Statements of Changes in Net Assets
|
iShares
iBonds Dec 2022 Term Muni Bond ETF |
||||||||||||
|
|
|
|||||||||||
|
Six Months Ended 04/30/22 |
Year Ended 10/31/21 |
|||||||||||
|
|
||||||||||||
|
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||
|
OPERATIONS |
||||||||||||
|
Net investment income |
$ | 2,185,760 | $ | 4,669,814 | ||||||||
|
Net realized gain |
987 | 4,697 | ||||||||||
|
Net change in unrealized appreciation (depreciation) |
(3,424,445 | ) | (3,578,887 | ) | ||||||||
|
|
|
|
|
|||||||||
|
Net increase (decrease) in net assets resulting from operations |
(1,237,698 | ) | 1,095,624 | |||||||||
|
|
|
|
|
|||||||||
|
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||
|
Decrease in net assets resulting from distributions to shareholders |
(2,343,535 | ) | (4,579,553 | ) | ||||||||
|
|
|
|
|
|||||||||
|
CAPITAL SHARE TRANSACTIONS |
||||||||||||
|
Net increase in net assets derived from capital share transactions |
11,638,106 | 26,361,381 | ||||||||||
|
|
|
|
|
|||||||||
|
NET ASSETS |
||||||||||||
|
Total increase in net assets |
8,056,873 | 22,877,452 | ||||||||||
|
Beginning of period |
379,106,731 | 356,229,279 | ||||||||||
|
|
|
|
|
|||||||||
|
End of period |
$ | 387,163,604 | $ | 379,106,731 | ||||||||
|
|
|
|
|
|||||||||
| (a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
| 102 |
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 |
Statements of Changes in Net Assets (continued)
|
iShares
iBonds Dec 2023 Term Muni Bond ETF |
iShares
iBonds Dec 2024 Term Muni Bond ETF |
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
Six Months Ended 04/30/22 |
Year Ended 10/31/21 |
Six Months Ended 04/30/22 (unaudited) |
Year Ended 10/31/21 |
|||||||||||||||||||||
|
|
||||||||||||||||||||||||
|
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||||||||||
|
OPERATIONS |
||||||||||||||||||||||||
|
Net investment income |
$ | 1,861,862 | $ | 3,591,126 | $ | 1,120,151 | $ | 1,952,590 | ||||||||||||||||
|
Net realized gain (loss) |
(253 | ) | (2,551 | ) | (5,443 | ) | 343 | |||||||||||||||||
|
Net change in unrealized appreciation (depreciation) |
(8,872,221 | ) | (2,371,071 | ) | (11,801,936 | ) | (1,200,840 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
Net increase (decrease) in net assets resulting from operations |
(7,010,612 | ) | 1,217,504 | (10,687,228 | ) | 752,093 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||||||||||
|
Decrease in net assets resulting from distributions to shareholders |
(1,842,388 | ) | (3,555,641 | ) | (1,031,947 | ) | (1,922,743 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||
|
Net increase in net assets derived from capital share transactions |
57,441,876 | 62,734,199 | 79,720,722 | 64,837,544 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
NET ASSETS |
||||||||||||||||||||||||
|
Total increase in net assets |
48,588,876 | 60,396,062 | 68,001,547 | 63,666,894 | ||||||||||||||||||||
|
Beginning of period |
336,474,724 | 276,078,662 | 243,233,327 | 179,566,433 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
End of period |
$ | 385,063,600 | $ | 336,474,724 | $ | 311,234,874 | $ | 243,233,327 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| (a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
|
F I N A N C I A L S T A T E M E N T S |
103 |
Statements of Changes in Net Assets (continued)
|
iShares
iBonds Dec 2025 Term Muni Bond ETF |
iShares
iBonds Dec 2026 Term Muni Bond ETF |
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
Six Months Ended 04/30/22 (unaudited) |
Year Ended 10/31/21 |
Six Months Ended 04/30/22 (unaudited) |
Year Ended 10/31/21 |
|||||||||||||||||||||
|
|
||||||||||||||||||||||||
|
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||||||||||
|
OPERATIONS |
||||||||||||||||||||||||
|
Net investment income |
$ | 658,338 | $ | 1,107,607 | $ | 467,831 | $ | 639,208 | ||||||||||||||||
|
Net realized gain (loss) |
(521 | ) | (178 | ) | (38,813 | ) | 41,109 | |||||||||||||||||
|
Net change in unrealized appreciation (depreciation) |
(11,599,918 | ) | (996,091 | ) | (10,477,109 | ) | (581,422 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
Net increase (decrease) in net assets resulting from operations |
(10,942,101 | ) | 111,338 | (10,048,091 | ) | 98,895 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||||||||||
|
Decrease in net assets resulting from distributions to shareholders |
(587,939 | ) | (1,083,369 | ) | (415,057 | ) | (601,032 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||
|
Net increase in net assets derived from capital share transactions |
30,018,875 | 64,441,736 | 42,393,975 | 60,707,292 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
NET ASSETS |
||||||||||||||||||||||||
|
Total increase in net assets |
18,488,835 | 63,469,705 | 31,930,827 | 60,205,155 | ||||||||||||||||||||
|
Beginning of period |
182,490,346 | 119,020,641 | 123,201,666 | 62,996,511 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
End of period |
$ | 200,979,181 | $ | 182,490,346 | $ | 155,132,493 | $ | 123,201,666 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| (a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
| 104 |
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 |
Statements of Changes in Net Assets (continued)
|
iShares
iBonds Dec 2027 Term Muni Bond ETF |
iShares
iBonds Dec 2028 Term Muni Bond ETF |
|||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||
|
Six Months 04/30/22 |
Year Ended 10/31/21 |
Six Months Ended 04/30/22 (unaudited) |
Year Ended 10/31/21 |
|||||||||||||||||||||
|
|
||||||||||||||||||||||||
|
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||||||||||
|
OPERATIONS |
||||||||||||||||||||||||
|
Net investment income |
$ | 326,710 | $ | 441,621 | $ | 412,570 | $ | 682,129 | ||||||||||||||||
|
Net realized loss |
(7,050 | ) | (893 | ) | (200 | ) | (47 | ) | ||||||||||||||||
|
Net change in unrealized appreciation (depreciation) |
(6,323,248 | ) | (362,379 | ) | (6,893,867 | ) | (391,177 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
Net increase (decrease) in net assets resulting from operations |
(6,003,588 | ) | 78,349 | (6,481,497 | ) | 290,905 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||||||||||
|
Decrease in net assets resulting from distributions to shareholders |
(292,044 | ) | (428,577 | ) | (387,199 | ) | (668,473 | ) | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||||||||||
|
Net increase in net assets derived from capital share transactions |
31,481,516 | 24,465,240 | 10,702,687 | 20,585,468 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
NET ASSETS |
||||||||||||||||||||||||
|
Total increase in net assets |
25,185,884 | 24,115,012 | 3,833,991 | 20,207,900 | ||||||||||||||||||||
|
Beginning of period |
61,802,248 | 37,687,236 | 71,733,252 | 51,525,352 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
|
End of period |
$ | 86,988,132 | $ | 61,802,248 | $ | 75,567,243 | $ | 71,733,252 | ||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||
| (a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
|
F I N A N C I A L S T A T E M E N T S |
105 |
(For a share outstanding throughout each period)
| iShares iBonds Dec 2022 Term Muni Bond ETF | ||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||
Six Months Ended 04/30/22 (unaudited) |
Year Ended 10/31/21 |
Year Ended 10/31/20 |
Year Ended 10/31/19 |
Year Ended 10/31/18 |
Year Ended 10/31/17 |
|||||||||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||||||||||
|
Net asset value, beginning of period |
$ | 26.15 | $ | 26.39 | $ | 26.16 | $ | 25.29 | $ | 25.97 | $ | 26.12 | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Net investment income(a) |
0.15 | 0.33 | 0.38 | 0.41 | 0.39 | 0.37 | ||||||||||||||||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)(b) |
(0.24 | ) | (0.25 | ) | 0.23 | 0.86 | (0.70 | ) | (0.17 | ) | ||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Net increase (decrease) from investment operations |
(0.09 | ) | 0.08 | 0.61 | 1.27 | (0.31 | ) | 0.20 | ||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Distributions(c) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
From net investment income |
(0.16 | ) | (0.32 | ) | (0.38 | ) | (0.40 | ) | (0.37 | ) | (0.35 | ) | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Total distributions |
(0.16 | ) | (0.32 | ) | (0.38 | ) | (0.40 | ) | (0.37 | ) | (0.35 | ) | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Net asset value, end of period |
$ | 25.90 | $ | 26.15 | $ | 26.39 | $ | 26.16 | $ | 25.29 | $ | 25.97 | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Total Return(d) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Based on net asset value |
(0.32 | )%(e) | 0.27 | % | 2.33 | % | 5.04 | % | (1.18 | )% | 0.78 | % | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Ratios to Average Net Assets(f) |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Total expenses |
0.18 | %(g) | 0.18 | % | 0.18 | % | 0.18 | % | 0.18 | % | 0.18 | % | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Net investment income |
1.17 | %(g) | 1.24 | % | 1.43 | % | 1.56 | % | 1.52 | % | 1.43 | % | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Supplemental Data |
||||||||||||||||||||||||||||||||||||||||||||||||
|
Net assets, end of period (000) |
$ | 387,164 | $ | 379,107 | $ | 356,229 | $ | 329,633 | $ | 232,703 | $ | 153,237 | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
|
Portfolio turnover rate(h) |
14 | %(e) | 0 | %(i) | 0 | %(i) | 0 | %(i) | 0 | %(i) | 1 | % | ||||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||
| (a) |
Based on average shares outstanding. |
| (b) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
| (c) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| (d) |
Where applicable, assumes the reinvestment of distributions. |
| (e) |
Not annualized. |
| (f) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (g) |
Annualized. |
| (h) |
Portfolio turnover rate excludes in-kind transactions. |
| (i) |
Rounds to less than 1%. |
See notes to financial statements.
| 106 |
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 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
| iShares iBonds Dec 2023 Term Muni Bond ETF | ||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||
| |
Six Months Ended 04/30/22 (unaudited) |
|
|
Year Ended 10/31/21 |
|
|
Year Ended 10/31/20 |
|
|
Year Ended 10/31/19 |
|
|
Year Ended 10/31/18 |
|
|
Period From 04/11/17 to 10/31/17 |
(a)
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Net asset value, beginning of period |
$ | 25.98 | $ | 26.17 | $ | 25.79 | $ | 24.68 | $ | 25.41 | $ | 25.00 | ||||||||||||||||||||||||||||||||||||
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Net investment income(b) |
0.14 | 0.30 | 0.39 | 0.45 | 0.43 | 0.20 | ||||||||||||||||||||||||||||||||||||||||||
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Net realized and unrealized gain (loss)(c) |
(0.65 | ) | (0.19 | ) | 0.38 | 1.10 | (0.78 | ) | 0.38 | |||||||||||||||||||||||||||||||||||||||
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Net increase (decrease) from investment operations |
(0.51 | ) | 0.11 | 0.77 | 1.55 | (0.35 | ) | 0.58 | ||||||||||||||||||||||||||||||||||||||||
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Distributions(d) |
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From net investment income |
(0.14 | ) | (0.30 | ) | (0.39 | ) | (0.44 | ) | (0.38 | ) | (0.17 | ) | ||||||||||||||||||||||||||||||||||||
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Total distributions |
(0.14 | ) | (0.30 | ) | (0.39 | ) | (0.44 | ) | (0.38 | ) | (0.17 | ) | ||||||||||||||||||||||||||||||||||||
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Net asset value, end of period |
$ | 25.33 | $ | 25.98 | $ | 26.17 | $ | 25.79 | $ | 24.68 | $ | 25.41 | ||||||||||||||||||||||||||||||||||||
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Total Return(e) |
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Based on net asset value |
(1.98 | )%(f) | 0.43 | % | 3.02 | % | 6.31 | % | (1.37 | )% | 2.32 | %(f) | ||||||||||||||||||||||||||||||||||||
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Ratios to Average Net Assets(g) |
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Total expenses |
0.18 | %(h) | 0.18 | % | 0.18 | % | 0.18 | % | 0.18 | % | 0.18 | %(h) | ||||||||||||||||||||||||||||||||||||
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Net investment income |
1.08 | %(h) | 1.15 | % | 1.49 | % | 1.75 | % | 1.72 | % | 1.40 | %(h) | ||||||||||||||||||||||||||||||||||||
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Supplemental Data |
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Net assets, end of period (000) |
$ | 385,064 | $ | 336,475 | $ | 276,079 | $ | 215,376 | $ | 115,977 | $ | 25,407 | ||||||||||||||||||||||||||||||||||||
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Portfolio turnover rate(i) |
0 | %(f) | 0 | %(j) | 1 | % | 0 | %(j) | 0 | %(j) | 0 | %(f) | ||||||||||||||||||||||||||||||||||||
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| (a) |
Commencement of operations. |
| (b) |
Based on average shares outstanding. |
| (c) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
| (d) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| (e) |
Where applicable, assumes the reinvestment of distributions. |
| (f) |
Not annualized. |
| (g) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (h) |
Annualized. |
| (i) |
Portfolio turnover rate excludes in-kind transactions. |
| (j) |
Rounds to less than 1%. |
See notes to financial statements.
|
F I N A N C I A L H I G H L I G H T S |
107 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
| iShares iBonds Dec 2024 Term Muni Bond ETF | ||||||||||||||||||||||||||||||||||||||||
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Six Months Ended 04/30/22 (unaudited) |
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Year Ended 10/31/21 |
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Year Ended 10/31/20 |
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Year Ended 10/31/19 |
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Period
From 03/20/18 to 10/31/18 |
(a)
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Net asset value, beginning of period |
$ | 26.88 | $ | 27.00 | $ | 26.38 | $ | 24.90 | $ | 24.98 | ||||||||||||||||||||||||||||||
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Net investment income(b) |
0.11 | 0.24 | 0.36 | 0.48 | 0.32 | |||||||||||||||||||||||||||||||||||
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Net realized and unrealized gain (loss)(c) |
(1.16 | ) | (0.12 | ) | 0.62 | 1.48 | (0.15 | ) | ||||||||||||||||||||||||||||||||
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Net increase (decrease) from investment operations |
(1.05 | ) | 0.12 | 0.98 | 1.96 | 0.17 | ||||||||||||||||||||||||||||||||||
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Distributions(d) |
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From net investment income |
(0.11 | ) | (0.24 | ) | (0.36 | ) | (0.48 | ) | (0.25 | ) | ||||||||||||||||||||||||||||||
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From net realized gain |
— | — | (0.00 | )(e) | — | — | ||||||||||||||||||||||||||||||||||
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Total distributions |
(0.11 | ) | (0.24 | ) | (0.36 | ) | (0.48 | ) | (0.25 | ) | ||||||||||||||||||||||||||||||
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Net asset value, end of period |
$ | 25.72 | $ | 26.88 | $ | 27.00 | $ | 26.38 | $ | 24.90 | ||||||||||||||||||||||||||||||
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Total Return(f) |
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Based on net asset value |
(3.90 | )%(g) | 0.42 | % | 3.75 | % | 7.91 | % | 0.70 | %(g) | ||||||||||||||||||||||||||||||
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Ratios to Average Net Assets(h) |
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Total expenses |
0.18 | %(i) | 0.18 | % | 0.18 | % | 0.18 | % | 0.18 | %(i) | ||||||||||||||||||||||||||||||
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Net investment income |
0.86 | %(i) | 0.90 | % | 1.35 | % | 1.85 | % | 2.08 | %(i) | ||||||||||||||||||||||||||||||
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Supplemental Data |
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Net assets, end of period (000) |
$ | 311,235 | $ | 243,233 | $ | 179,566 | $ | 104,214 | $ | 23,654 | ||||||||||||||||||||||||||||||
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Portfolio turnover rate(j) |
0 | %(g)(k) | 0 | % | 0 | %(k) | 0 | %(k) | 0 | %(g)(k) | ||||||||||||||||||||||||||||||
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| (a) |
Commencement of operations. |
| (b) |
Based on average shares outstanding. |
| (c) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
| (d) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| (e) |
Rounds to less than $0.01. |
| (f) |
Where applicable, assumes the reinvestment of distributions. |
| (g) |
Not annualized. |
| (h) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (i) |
Annualized. |
| (j) |
Portfolio turnover rate excludes in-kind transactions. |
| (k) |
Rounds to less than 1%. |
See notes to financial statements.
| 108 |
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 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
| iShares iBonds Dec 2025 Term Muni Bond ETF | ||||||||||||||||||||||||||||
|
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| |
Six Months Ended 04/30/22 (unaudited) |
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Year Ended 10/31/21 |
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Year Ended 10/31/20 |
|
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Period From 11/13/18 to 10/31/19 |
(a)
| |||||||||||||||||
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Net asset value, beginning of period |
$ | 27.86 | $ | 28.00 | $ | 27.13 | $ | 25.00 | ||||||||||||||||||||
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Net investment income(b) |
0.09 | 0.20 | 0.34 | 0.46 | ||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)(c) |
(1.60 | ) | (0.13 | ) | 0.88 | 2.08 | ||||||||||||||||||||||
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Net increase (decrease) from investment operations |
(1.51 | ) | 0.07 | 1.22 | 2.54 | |||||||||||||||||||||||
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Distributions(d) |
||||||||||||||||||||||||||||
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From net investment income |
(0.08 | ) | (0.21 | ) | (0.35 | ) | (0.41 | ) | ||||||||||||||||||||
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Total distributions |
(0.08 | ) | (0.21 | ) | (0.35 | ) | (0.41 | ) | ||||||||||||||||||||
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Net asset value, end of period |
$ | 26.27 | $ | 27.86 | $ | 28.00 | $ | 27.13 | ||||||||||||||||||||
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Total Return(e) |
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Based on net asset value |
(5.42 | )%(f) | 0.23 | % | 4.53 | % | 10.22 | %(f) | ||||||||||||||||||||
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Ratios to Average Net Assets(g) |
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Total expenses |
0.18 | %(h) | 0.18 | % | 0.18 | % | 0.18 | %(h) | ||||||||||||||||||||
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Net investment income |
0.69 | %(h) | 0.73 | % | 1.21 | % | 1.76 | %(h) | ||||||||||||||||||||
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Supplemental Data |
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Net assets, end of period (000) |
$ | 200,979 | $ | 182,490 | $ | 119,021 | $ | 43,407 | ||||||||||||||||||||
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Portfolio turnover rate(i) |
0 | %(f) | 0 | %(j) | 0 | %(j) | 0 | %(f)(j) | ||||||||||||||||||||
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| (a) |
Commencement of operations. |
| (b) |
Based on average shares outstanding. |
| (c) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
| (d) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| (e) |
Where applicable, assumes the reinvestment of distributions. |
| (f) |
Not annualized. |
| (g) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (h) |
Annualized. |
| (i) |
Portfolio turnover rate excludes in-kind transactions. |
| (j) |
Rounds to less than 1%. |
See notes to financial statements.
|
F I N A N C I A L H I G H L I G H T S |
109 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
| iShares iBonds Dec 2026 Term Muni Bond ETF | ||||||||||||||||||||||||||||
|
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| |
Six Months Ended 04/30/22 (unaudited) |
|
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Year Ended 10/31/21 |
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Year Ended 10/31/20 |
|
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Period From 04/02/19 to 10/31/19 |
(a)
| |||||||||||||||||
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Net asset value, beginning of period |
$ | 26.78 | $ | 26.81 | $ | 25.89 | $ | 25.00 | ||||||||||||||||||||
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Net investment income(b) |
0.08 | 0.18 | 0.30 | 0.21 | ||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)(c) |
(1.76 | ) | (0.03 | ) | 0.92 | 0.87 | ||||||||||||||||||||||
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Net increase (decrease) from investment operations |
(1.68 | ) | 0.15 | 1.22 | 1.08 | |||||||||||||||||||||||
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Distributions(d) |
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|
From net investment income |
(0.08 | ) | (0.18 | ) | (0.30 | ) | (0.19 | ) | ||||||||||||||||||||
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|||||||||||||||||||||
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Total distributions |
(0.08 | ) | (0.18 | ) | (0.30 | ) | (0.19 | ) | ||||||||||||||||||||
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Net asset value, end of period |
$ | 25.02 | $ | 26.78 | $ | 26.81 | $ | 25.89 | ||||||||||||||||||||
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Total Return(e) |
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Based on net asset value |
(6.31 | )%(f) | 0.54 | % | 4.80 | % | 4.28 | %(f) | ||||||||||||||||||||
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Ratios to Average Net Assets(g) |
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|
Total expenses |
0.18 | %(h) | 0.18 | % | 0.18 | % | 0.18 | %(h) | ||||||||||||||||||||
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|||||||||||||||||||||
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Net investment income |
0.64 | %(h) | 0.66 | % | 1.13 | % | 1.42 | %(h) | ||||||||||||||||||||
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Supplemental Data |
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|
Net assets, end of period (000) |
$ | 155,132 | $ | 123,202 | $ | 62,997 | $ | 20,711 | ||||||||||||||||||||
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Portfolio turnover rate(i) |
1 | %(f) | 2 | % | 0 | % | 0 | %(f) | ||||||||||||||||||||
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|||||||||||||||||||||
| (a) |
Commencement of operations. |
| (b) |
Based on average shares outstanding. |
| (c) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
| (d) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| (e) |
Where applicable, assumes the reinvestment of distributions. |
| (f) |
Not annualized. |
| (g) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (h) |
Annualized. |
| (i) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
| 110 |
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 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
| iShares iBonds Dec 2027 Term Muni Bond ETF | ||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
| |
Six Months Ended 04/30/22 (unaudited) |
|
|
Year Ended 10/31/21 |
|
|
Year Ended 10/31/20 |
|
|
Period From 04/09/19 to 10/31/19 |
(a)
| |||||||||||||||||
|
|
||||||||||||||||||||||||||||
|
Net asset value, beginning of period |
$ | 26.87 | $ | 26.92 | $ | 25.97 | $ | 25.00 | ||||||||||||||||||||
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|||||||||||||||||||||
|
Net investment income(b) |
0.11 | 0.24 | 0.33 | 0.22 | ||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)(c) |
(2.02 | ) | (0.05 | ) | 0.95 | 0.95 | ||||||||||||||||||||||
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|||||||||||||||||||||
|
Net increase (decrease) from investment operations |
(1.91 | ) | 0.19 | 1.28 | 1.17 | |||||||||||||||||||||||
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|||||||||||||||||||||
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Distributions(d) |
||||||||||||||||||||||||||||
|
From net investment income |
(0.11 | ) | (0.24 | ) | (0.33 | ) | (0.20 | ) | ||||||||||||||||||||
|
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|||||||||||||||||||||
|
Total distributions |
(0.11 | ) | (0.24 | ) | (0.33 | ) | (0.20 | ) | ||||||||||||||||||||
|
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|
|||||||||||||||||||||
|
Net asset value, end of period |
$ | 24.85 | $ | 26.87 | $ | 26.92 | $ | 25.97 | ||||||||||||||||||||
|
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|
|||||||||||||||||||||
|
Total Return(e) |
||||||||||||||||||||||||||||
|
Based on net asset value |
(7.14 | )%(f) | 0.72 | % | 5.00 | % | 4.63 | %(f) | ||||||||||||||||||||
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|
|||||||||||||||||||||
|
Ratios to Average Net Assets(g) |
||||||||||||||||||||||||||||
|
Total expenses |
0.18 | %(h) | 0.18 | % | 0.18 | % | 0.18 | %(h) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Net investment income |
0.88 | %(h) | 0.89 | % | 1.24 | % | 1.53 | %(h) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Supplemental Data |
||||||||||||||||||||||||||||
|
Net assets, end of period (000) |
$ | 86,988 | $ | 61,802 | $ | 37,687 | $ | 16,877 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Portfolio turnover rate(i) |
0 | %(f)(j) | 0 | %(j) | 0 | % | 0 | %(f) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
| (a) |
Commencement of operations. |
| (b) |
Based on average shares outstanding. |
| (c) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
| (d) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| (e) |
Where applicable, assumes the reinvestment of distributions. |
| (f) |
Not annualized. |
| (g) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (h) |
Annualized. |
| (i) |
Portfolio turnover rate excludes in-kind transactions. |
| (j) |
Rounds to less than 1%. |
See notes to financial statements.
|
F I N A N C I A L H I G H L I G H T S |
111 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
| iShares iBonds Dec 2028 Term Muni Bond ETF | ||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||
| |
Six Months Ended 04/30/22 (unaudited) |
|
|
Year Ended 10/31/21 |
|
|
Year Ended 10/31/20 |
|
|
Period From 04/16/19 to 10/31/19 |
(a)
| |||||||||||||||||
|
|
||||||||||||||||||||||||||||
|
Net asset value, beginning of period |
$ | 27.07 | $ | 27.12 | $ | 26.10 | $ | 25.00 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Net investment income(b) |
0.14 | 0.30 | 0.36 | 0.21 | ||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)(c) |
(2.30 | ) | (0.05 | ) | 1.00 | 1.08 | ||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Net increase (decrease) from investment operations |
(2.16 | ) | 0.25 | 1.36 | 1.29 | |||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Distributions(d) |
||||||||||||||||||||||||||||
|
From net investment income |
(0.13 | ) | (0.30 | ) | (0.34 | ) | (0.19 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Total distributions |
(0.13 | ) | (0.30 | ) | (0.34 | ) | (0.19 | ) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Net asset value, end of period |
$ | 24.78 | $ | 27.07 | $ | 27.12 | $ | 26.10 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Total Return(e) |
||||||||||||||||||||||||||||
|
Based on net asset value |
(8.02 | )%(f) | 0.90 | % | 5.26 | % | 5.15 | %(f) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Ratios to Average Net Assets(g) |
||||||||||||||||||||||||||||
|
Total expenses |
0.18 | %(h) | 0.18 | % | 0.18 | % | 0.18 | %(h) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Net investment income |
1.08 | %(h) | 1.08 | % | 1.33 | % | 1.49 | %(h) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Supplemental Data |
||||||||||||||||||||||||||||
|
Net assets, end of period (000) |
$ | 75,567 | $ | 71,733 | $ | 51,525 | $ | 24,796 | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
|
Portfolio turnover rate(i) |
0 | %(f) | 0 | % | 0 | % | 0 | %(f) | ||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
| (a) |
Commencement of operations. |
| (b) |
Based on average shares outstanding. |
| (c) |
The amounts reported for a share outstanding may not accord with the change in aggregate gains and losses in securities for the fiscal period due to the timing of capital share transactions in relation to the fluctuating market values of the Fund’s underlying securities. |
| (d) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
| (e) |
Where applicable, assumes the reinvestment of distributions. |
| (f) |
Not annualized. |
| (g) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (h) |
Annualized. |
| (i) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
| 112 |
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 |
Notes to Financial Statements (unaudited)
| 1. |
ORGANIZATION |
iShares Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company. The Trust is organized as a Delaware statutory trust and is authorized to have multiple series or portfolios.
These financial statements relate only to the following funds (each, a “Fund” and collectively, the “Funds”):
| iShares ETF | Diversification Classification |
|||
|
iBonds Dec 2022 Term Muni Bond |
Diversified | |||
|
iBonds Dec 2023 Term Muni Bond |
Diversified | |||
|
iBonds Dec 2024 Term Muni Bond |
Diversified | |||
|
iBonds Dec 2025 Term Muni Bond |
Diversified | |||
|
iBonds Dec 2026 Term Muni Bond |
Diversified | (a) | ||
|
iBonds Dec 2027 Term Muni Bond |
Diversified | (a) | ||
|
iBonds Dec 2028 Term Muni Bond |
Diversified | (a) | ||
| (a) |
The Fund’s classification changed from non-diversified to diversified during the reporting period. |
| 2. |
SIGNIFICANT ACCOUNTING POLICIES |
The financial statements are prepared in conformity with accounting principles generally accepted in the United States of America (“U.S. GAAP”), which may require management to make estimates and assumptions that affect the reported amounts of assets and liabilities in the financial statements, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates. Each Fund is considered an investment company under U.S. GAAP and follows the accounting and reporting guidance applicable to investment companies. Below is a summary of significant accounting policies:
Investment Transactions and Income Recognition: For financial reporting purposes, investment transactions are recorded on the dates the transactions are executed. Realized gains and losses on investment transactions are determined using the specific identification method. Dividend income and capital gain distributions, if any, are recorded on the ex-dividend date. Non-cash dividends, if any, are recorded on the ex-dividend date at fair value. Interest income, including amortization and accretion of premiums and discounts on debt securities, is recognized daily on an accrual basis.
In-kind Redemptions: For financial reporting purposes, in-kind redemptions are treated as sales of securities resulting in realized capital gains or losses to the Funds. Because such gains or losses are not taxable to the Funds and are not distributed to existing Fund shareholders, the gains or losses are reclassified from accumulated net realized gain (loss) to paid-in capital at the end of the Funds’ tax year. These reclassifications have no effect on net assets or net asset value (“NAV”) per share.
Distributions: Dividends and distributions paid by each Fund are recorded on the ex-dividend dates. Distributions are determined on a tax basis and may differ from net investment income and net realized capital gains for financial reporting purposes. Dividends and distributions are paid in U.S. dollars and cannot be automatically reinvested in additional shares of the Funds. The character and timing of distributions are determined in accordance with U.S. federal income tax regulations, which may differ from U.S. GAAP.
Indemnifications: In the normal course of business, each Fund enters into contracts that contain a variety of representations that provide general indemnification. The Funds’ maximum exposure under these arrangements is unknown because it involves future potential claims against the Funds, which cannot be predicted with any certainty.
| 3. |
INVESTMENT VALUATION AND FAIR VALUE MEASUREMENTS |
Investment Valuation Policies: Each Fund’s investments are valued at fair value (also referred to as “market value” within the financial statements) each day that the Fund’s listing exchange is open and, for financial reporting purposes, as of the report date. U.S. GAAP defines fair value as the price a fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under policies approved by the Board of Trustees of the Trust (the “Board”). If a security’s market price is not readily available or does not otherwise accurately represent the fair value of the security, the security will be valued in accordance with a policy approved by the Board as reflecting fair value. The BlackRock Global Valuation Methodologies Committee (the “Global Valuation Committee”) is the committee formed by management to develop global pricing policies and procedures and to oversee the pricing function for all financial instruments.
Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:
| • |
Fixed-income investments for which market quotations are readily available are generally valued using the last available bid price or current market quotations provided by independent dealers or third-party pricing services. Pricing services generally value fixed income securities assuming orderly transactions of an institutional round lot size, but a fund may hold or transact in such securities in smaller, odd lot sizes. Odd lots may trade at lower prices than institutional round lots. The pricing services may use matrix pricing or valuation models that utilize certain inputs and assumptions to derive values, including transaction data (e.g., recent representative bids and offers), market data, credit quality information, perceived market movements, news, and other relevant information. Certain fixed-income securities, including asset-backed and mortgage related securities may be valued based on valuation models that consider the estimated cash flows of each tranche |
|
N O T E S T O F I N A N C I A L S T A T E M E N T S |
113 |
Notes to Financial Statements (unaudited) (continued)
|
of the entity, establish a benchmark yield and develop an estimated tranche specific spread to the benchmark yield based on the unique attributes of the tranche. The amortized cost method of valuation may be used with respect to debt obligations with sixty days or less remaining to maturity unless the Manager determines such method does not represent fair value. |
| • |
Investments in open-end U.S. mutual funds (including money market funds) are valued at that day’s published NAV. |
If events (e.g., market volatility, company announcement or a natural disaster) occur that are expected to materially affect the value of such investment, or in the event that application of these methods of valuation results in a price for an investment that is deemed not to be representative of the market value of such investment, or if a price is not available, the investment will be valued by the Global Valuation Committee, in accordance with a policy approved by the Board as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the Global Valuation Committee include market approach, income approach and cost approach. Valuation techniques such as discounted cash flow, use of market comparables and matrix pricing are types of valuation approaches and are typically used in determining fair value. When determining the price for Fair Valued Investments, the Global Valuation Committee, or its delegate, seeks to determine the price that each Fund might reasonably expect to receive or pay from the current sale or purchase of that asset or liability in an arm’s-length transaction. Fair value determinations shall be based upon all available factors that the Global Valuation Committee, or its delegate, deems relevant and consistent with the principles of fair value measurement. The pricing of all Fair Valued Investments is subsequently reported to the Board or a committee thereof on a quarterly basis.
Fair value pricing could result in a difference between the prices used to calculate a fund’s NAV and the prices used by the fund’s underlying index, which in turn could result in a difference between the fund’s performance and the performance of the fund’s underlying index.
Fair Value Hierarchy: Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
| • |
Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access; |
| • |
Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and |
| • |
Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available, (including the Global Valuation Committee’s assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities.
| 4. |
SECURITIES AND OTHER INVESTMENTS |
Zero-Coupon Bonds: Zero-coupon bonds are normally issued at a significant discount from face value and do not provide for periodic interest payments. These bonds may experience greater volatility in market value than other debt obligations of similar maturity which provide for regular interest payments.
| 5. |
INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES |
Investment Advisory Fees: Pursuant to an Investment Advisory Agreement with the Trust, BlackRock Fund Advisors (“BFA”) manages the investment of each Fund’s assets. BFA is a California corporation indirectly owned by BlackRock, Inc. (“BlackRock”). Under the Investment Advisory Agreement, BFA is responsible for substantially all expenses of the Funds, except (i) interest and taxes; (ii) brokerage commissions and other expenses connected with the execution of portfolio transactions; (iii) distribution fees; (iv) the advisory fee payable to BFA; and (v) litigation expenses and any extraordinary expenses (in each case as determined by a majority of the independent trustees).
For its investment advisory services to each Fund, BFA is entitled to an annual investment advisory fee of 0.18%, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund.
Distributor: BlackRock Investments, LLC, an affiliate of BFA, is the distributor for each Fund. Pursuant to the distribution agreement, BFA is responsible for any fees or expenses for distribution services provided to the Funds.
Officers and Trustees: Certain officers and/or trustees of the Trust are officers and/or trustees of BlackRock or its affiliates.
| 114 |
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 |
Notes to Financial Statements (unaudited) (continued)
Other Transactions: Cross trading is the buying or selling of portfolio securities between funds to which BFA (or an affiliate) serves as investment adviser. At its regularly scheduled quarterly meetings, the Board reviews such transactions as of the most recent calendar quarter for compliance with the requirements and restrictions set forth by Rule 17a-7.
For the six months ended April 30, 2022, transactions executed by the Funds pursuant to Rule 17a-7 under the 1940 Act were as follows:
| iShares ETF | Purchases | Sales | Net Realized Gain (Loss) |
|||||||||
|
iBonds Dec 2022 Term Muni Bond |
$ | 1,800,157 | $ | — | $ | — | ||||||
Each Fund may invest its positive cash balances in certain money market funds managed by BFA or an affiliate. The income earned on these temporary cash investments is shown as dividends – affiliated in the Statements of Operations.
A fund, in order to improve its portfolio liquidity and its ability to track its underlying index, may invest in shares of other iShares funds that invest in securities in the fund’s underlying index.
| 6. |
PURCHASES AND SALES |
For the six months ended April 30, 2022, purchases and sales of investments, including mortgage dollar rolls and excluding short-term investments and in-kind transactions, were as follows:
| iShares ETF | Purchases | Sales | ||||||
|
iBonds Dec 2022 Term Muni Bond |
$ | 50,100,610 | $ | 70,875,968 | ||||
|
iBonds Dec 2023 Term Muni Bond |
58,874,412 | — | ||||||
|
iBonds Dec 2024 Term Muni Bond |
82,561,852 | 158,814 | ||||||
|
iBonds Dec 2025 Term Muni Bond |
32,523,591 | — | ||||||
|
iBonds Dec 2026 Term Muni Bond |
45,089,482 | 1,059,345 | ||||||
|
iBonds Dec 2027 Term Muni Bond |
31,809,839 | 214,223 | ||||||
|
iBonds Dec 2028 Term Muni Bond |
11,945,035 | — | ||||||
There were no in-kind transactions for the six months ended April 30, 2022.
| 7. |
INCOME TAX INFORMATION |
Each Fund is treated as an entity separate from the Trust’s other funds for federal income tax purposes. It is each Fund’s policy to comply with the requirements of the Internal Revenue Code of 1986, as amended, applicable to regulated investment companies, and to distribute substantially all of its taxable income to its shareholders. Therefore, no U.S. federal income tax provision is required.
Management has analyzed tax laws and regulations and their application to the Funds as of April 30, 2022, inclusive of the open tax return years, and does not believe that there are any uncertain tax positions that require recognition of a tax liability in the Funds’ financial statements.
As of October 31, 2021, the Funds had non-expiring capital loss carryforwards available to offset future realized capital gains as follows:
| iShares ETF | Non-Expiring | |||
|
iBonds Dec 2022 Term Muni Bond |
$ | 10,991 | ||
|
iBonds Dec 2023 Term Muni Bond |
3,930 | |||
|
iBonds Dec 2024 Term Muni Bond |
36 | |||
|
iBonds Dec 2025 Term Muni Bond |
28 | |||
|
iBonds Dec 2027 Term Muni Bond |
815 | |||
|
iBonds Dec 2028 Term Muni Bond |
166 | |||
|
N O T E S T O F I N A N C I A L S T A T E M E N T S |
115 |
Notes to Financial Statements (unaudited) (continued)
As of April 30, 2022, gross unrealized appreciation and depreciation based on cost of investments (including short positions and derivatives, if any) for U.S. federal income tax purposes were as follows:
| iShares ETF | Tax Cost | Gross Unrealized Appreciation |
Gross Unrealized Depreciation |
Net Unrealized Appreciation (Depreciation) |
||||||||||||
|
iBonds Dec 2022 Term Muni Bond |
$ | 385,539,762 | $ | 131,769 | $ | (355,249 | ) | $ | (223,480 | ) | ||||||
|
iBonds Dec 2023 Term Muni Bond |
385,915,997 | 62,481 | (3,612,254 | ) | (3,549,773 | ) | ||||||||||
|
iBonds Dec 2024 Term Muni Bond |
316,129,046 | 16,861 | (7,903,954 | ) | (7,887,093 | ) | ||||||||||
|
iBonds Dec 2025 Term Muni Bond |
207,948,731 | 2,138 | (9,579,802 | ) | (9,577,664 | ) | ||||||||||
|
iBonds Dec 2026 Term Muni Bond |
163,425,004 | 2,930 | (9,984,942 | ) | (9,982,012 | ) | ||||||||||
|
iBonds Dec 2027 Term Muni Bond |
91,753,212 | 3,284 | (5,862,783 | ) | (5,859,499 | ) | ||||||||||
|
iBonds Dec 2028 Term Muni Bond |
80,620,114 | 16,333 | (5,978,606 | ) | (5,962,273 | ) | ||||||||||
| 8. |
PRINCIPAL RISKS |
In the normal course of business, each Fund invests in securities or other instruments and may enter into certain transactions, and such activities subject the Fund to various risks, including, among others, fluctuations in the market (market risk) or failure of an issuer to meet all of its obligations. The value of securities or other instruments may also be affected by various factors, including, without limitation: (i) the general economy; (ii) the overall market as well as local, regional or global political and/or social instability; (iii) regulation, taxation or international tax treaties between various countries; or (iv) currency, interest rate or price fluctuations. Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issues, recessions, or other events could have a significant impact on the Funds and their investments. Each Fund’s prospectus provides details of the risks to which the Fund is subject.
BFA uses a “passive” or index approach to try to achieve each Fund’s investment objective following the securities included in its underlying index during upturns as well as downturns. BFA does not take steps to reduce market exposure or to lessen the effects of a declining market. Divergence from the underlying index and the composition of the portfolio is monitored by BFA.
Market Risk: Each Fund may be exposed to prepayment risk, which is the risk that borrowers may exercise their option to prepay principal earlier than scheduled during periods of declining interest rates, which would force each Fund to reinvest in lower yielding securities. Each Fund may also be exposed to reinvestment risk, which is the risk that income from each Fund’s portfolio will decline if each Fund invests the proceeds from matured, traded or called fixed-income securities at market interest rates that are below each Fund portfolio’s current earnings rate.
Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions, credit rating downgrades, or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest or otherwise affect the value of such securities. Municipal securities can be significantly affected by political or economic changes, including changes made in the law after issuance of the securities, as well as uncertainties in the municipal market related to, taxation, legislative changes or the rights of municipal security holders, including in connection with an issuer insolvency. Municipal securities backed by current or anticipated revenues from a specific project or specific assets can be negatively affected by the discontinuance of the tax benefits supporting the project or assets or the inability to collect revenues for the project or from the assets. Municipal securities may be less liquid than taxable bonds, and there may be less publicly available information on the financial condition of municipal security issuers than for issuers of other securities.
An outbreak of respiratory disease caused by a novel coronavirus has developed into a global pandemic and has resulted in closing borders, quarantines, disruptions to supply chains and customer activity, as well as general concern and uncertainty. The impact of this pandemic, and other global health crises that may arise in the future, could affect the economies of many nations, individual companies and the market in general in ways that cannot necessarily be foreseen at the present time. This pandemic may result in substantial market volatility and may adversely impact the prices and liquidity of a fund’s investments. Although vaccines have been developed and approved for use by various governments, the duration of this pandemic and its effects cannot be determined with certainty.
Counterparty Credit Risk: The Funds may be exposed to counterparty credit risk, or the risk that an entity may fail to or be unable to perform on its commitments related to unsettled or open transactions, including making timely interest and/or principal payments or otherwise honoring its obligations. The Funds manage counterparty credit risk by entering into transactions only with counterparties that the Manager believes have the financial resources to honor their obligations and by monitoring the financial stability of those counterparties. Financial assets, which potentially expose the Funds to market, issuer and counterparty credit risks, consist principally of financial instruments and receivables due from counterparties. The extent of the Funds’ exposure to market, issuer and counterparty credit risks with respect to these financial assets is approximately their value recorded in the Statements of Assets and Liabilities, less any collateral held by the Funds.
Concentration Risk: A diversified portfolio, where this is appropriate and consistent with a fund’s objectives, minimizes the risk that a price change of a particular investment will have a material impact on the NAV of a fund. The investment concentrations within each Fund’s portfolio are disclosed in its Schedule of Investments.
The Funds invest a significant portion of their assets in fixed-income securities and/or use derivatives tied to the fixed-income markets. Changes in market interest rates or economic conditions may affect the value and/or liquidity of such investments. Interest rate risk is the risk that prices of bonds and other fixed-income securities will increase as interest rates fall and decrease as interest rates rise. The Funds may be subject to a greater risk of rising interest rates due to the current period of historically low rates.
| 116 |
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 |
Notes to Financial Statements (unaudited) (continued)
Significant Shareholder Redemption Risk: Certain shareholders may own or manage a substantial amount of fund shares and/or hold their fund investments for a limited period of time. Large redemptions of fund shares by these shareholders may force a Fund to sell portfolio securities, which may negatively impact the fund’s NAV, increase the fund’s brokerage costs, and/or accelerate the realization of taxable income/gains and cause the fund to make additional taxable distributions to shareholders.
LIBOR Transition Risk: The United Kingdom’s Financial Conduct Authority announced a phase out of the London Interbank Offered Rate (“LIBOR”). Although many LIBOR rates ceased to be published or no longer are representative of the underlying market they seek to measure after December 31, 2021, a selection of widely used USD LIBOR rates will continue to be published through June 2023 in order to assist with the transition. The Funds may be exposed to financial instruments tied to LIBOR to determine payment obligations, financing terms, hedging strategies or investment value. The transition process away from LIBOR might lead to increased volatility and illiquidity in markets for, and reduce the effectiveness of new hedges placed against instruments whose terms currently include LIBOR. The ultimate effect of the LIBOR transition process on the Funds is uncertain.
| 9. |
CAPITAL SHARE TRANSACTIONS |
Capital shares are issued and redeemed by each Fund only in aggregations of a specified number of shares or multiples thereof (“Creation Units”) at NAV. Except when aggregated in Creation Units, shares of each Fund are not redeemable.
Transactions in capital shares were as follows:
|
|
||||||||||||||||
Six Months Ended 04/30/22 |
Year Ended 10/31/21 |
|||||||||||||||
|
|
|
|
|
|||||||||||||
| iShares ETF | Shares | Amount | Shares | Amount | ||||||||||||
|
|
||||||||||||||||
|
iBonds Dec 2022 Term Muni Bond |
||||||||||||||||
|
Shares sold |
900,000 | $ | 23,349,519 | 1,300,000 | $ | 34,238,031 | ||||||||||
|
Shares redeemed |
(450,000 | ) | (11,711,413 | ) | (300,000 | ) | (7,876,650 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net increase |
450,000 | $ | 11,638,106 | 1,000,000 | $ | 26,361,381 | ||||||||||
|
|
|
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|||||||||
|
iBonds Dec 2023 Term Muni Bond |
||||||||||||||||
|
Shares sold |
2,300,000 | $ | 58,732,893 | 2,400,000 | $ | 62,734,199 | ||||||||||
|
Shares redeemed |
(50,000 | ) | (1,291,017 | ) | — | — | ||||||||||
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|
|
|
|
|
|
|
|||||||||
|
Net increase |
2,250,000 | $ | 57,441,876 | 2,400,000 | $ | 62,734,199 | ||||||||||
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|
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|
|
|
|||||||||
|
iBonds Dec 2024 Term Muni Bond |
||||||||||||||||
|
Shares sold |
3,100,000 | $ | 81,046,816 | 2,400,000 | $ | 64,837,544 | ||||||||||
|
Shares redeemed |
(50,000 | ) | (1,326,094 | ) | — | — | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net increase |
3,050,000 | $ | 79,720,722 | 2,400,000 | $ | 64,837,544 | ||||||||||
|
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|
|
|
|
|
|
|
|||||||||
|
iBonds Dec 2025 Term Muni Bond |
||||||||||||||||
|
Shares sold |
1,100,000 | $ | 30,018,875 | 2,350,000 | $ | 65,849,082 | ||||||||||
|
Shares redeemed |
— | — | (50,000 | ) | (1,407,346 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net increase |
1,100,000 | $ | 30,018,875 | 2,300,000 | $ | 64,441,736 | ||||||||||
|
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|
|
|
|
|
|||||||||
|
iBonds Dec 2026 Term Muni Bond |
||||||||||||||||
|
Shares sold |
1,600,000 | $ | 42,393,975 | 2,250,000 | $ | 60,707,292 | ||||||||||
|
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|
|
|
|
|
|
|||||||||
|
iBonds Dec 2027 Term Muni Bond |
||||||||||||||||
|
Shares sold |
1,200,000 | $ | 31,481,516 | 900,000 | $ | 24,465,240 | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
iBonds Dec 2028 Term Muni Bond |
||||||||||||||||
|
Shares sold |
400,000 | $ | 10,702,687 | 750,000 | $ | 20,585,468 | ||||||||||
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|||||||||
The consideration for the purchase of Creation Units of a fund in the Trust generally consists of the in-kind deposit of a designated portfolio of securities and a specified amount of cash. Certain funds in the Trust may be offered in Creation Units solely or partially for cash in U.S. dollars. Investors purchasing and redeeming Creation Units may pay a purchase transaction fee and a redemption transaction fee directly to State Street Bank and Trust Company, the Trust’s administrator, to offset transfer and other transaction costs associated with the issuance and redemption of Creation Units, including Creation Units for cash. Investors transacting in Creation Units for cash may also pay an additional variable charge to compensate the relevant fund for certain transaction costs (i.e., stamp taxes, taxes on currency or other financial transactions, and brokerage costs) and market impact expenses relating to investing in portfolio securities. Such variable charges, if any, are included in shares sold in the table above.
From time to time, settlement of securities related to in-kind contributions or in-kind redemptions may be delayed. In such cases, securities related to in-kind transactions are reflected as a receivable or a payable in the Statements of Assets and Liabilities.
| 10. |
SUBSEQUENT EVENTS |
Management has evaluated the impact of all subsequent events on the Funds through the date the financial statements were available to be issued and has determined that there were no subsequent events requiring adjustment or additional disclosure in the financial statements.
|
N O T E S T O F I N A N C I A L S T A T E M E N T S |
117 |
Statement Regarding Liquidity Risk Management Program (unaudited)
In compliance with Rule 22e-4 under the Investment Company Act of 1940, as amended (the “Liquidity Rule”), iShares Trust (the “Trust”) has adopted and implemented a liquidity risk management program (the “Program”) for iShares iBonds Dec 2022 Term Muni Bond ETF, iShares iBonds Dec 2023 Term Muni Bond ETF, iShares iBonds Dec 2024 Term Muni Bond ETF, iShares iBonds Dec 2025 Term Muni Bond ETF, iShares iBonds Dec 2026 Term Muni Bond ETF, iShares iBonds Dec 2027 Term Muni Bond ETF and iShares iBonds Dec 2028 Term Muni Bond ETF (the “Funds” or “ETFs”), each a series of the Trust, which is reasonably designed to assess and manage each Fund’s liquidity risk.
The Board of Trustees (the “Board”) of the Trust, on behalf of the Funds, met on December 9, 2021 (the “Meeting”) to review the Program. The Board previously appointed BlackRock Fund Advisors (“BlackRock”), the investment adviser to the Funds, as the program administrator for each Fund’s Program. BlackRock also previously delegated oversight of the Program to the 40 Act Liquidity Risk Management Committee (the “Committee”). At the Meeting, the Committee, on behalf of BlackRock, provided the Board with a report that addressed the operation of the Program and assessed its adequacy and effectiveness of implementation, including the management of each Fund’s Highly Liquid Investment Minimum (“HLIM”) where applicable, and any material changes to the Program (the “Report”). The Report covered the period from October 1, 2020 through September 30, 2021 (the “Program Reporting Period”).
The Report described the Program’s liquidity classification methodology for categorizing each Fund’s investments (including derivative transactions) into one of four liquidity buckets. It also referenced the methodology used by BlackRock to establish each Fund’s HLIM and noted that the Committee reviews and ratifies the HLIM assigned to each Fund no less frequently than annually. The Report also discussed notable events affecting liquidity over the Program Reporting Period, including extended market holidays and the imposition of capital controls in certain non-U.S. countries.
The Report noted that the Program complied with the key factors for consideration under the Liquidity Rule for assessing, managing and periodically reviewing each Fund’s liquidity risk, as follows:
| a) |
The Fund’s investment strategy and liquidity of portfolio investments during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed whether each Fund’s strategy is appropriate for an open-end fund structure, with a focus on funds with more significant and consistent holdings of less liquid and illiquid assets. The Committee also factored a fund’s concentration in an issuer into the liquidity classification methodology by taking issuer position sizes into account. Derivative exposure was also considered in the calculation of a fund’s liquidity bucketing. Finally, a factor for consideration under the Liquidity Rule is a Fund’s use of borrowings for investment purposes. However, the Funds do not borrow for investment purposes. |
| b) |
Short-term and long-term cash flow projections during both normal and reasonably foreseeable stressed conditions. During the Program Reporting Period, the Committee reviewed historical redemption activity and used this information as a component to establish each ETF’s reasonably anticipated trading size (“RATS”). The Committee may also take into consideration a fund’s shareholder ownership concentration (which, depending on product type and distribution channel, may or may not be available), a fund’s distribution channels, and the degree of certainty associated with a fund’s short-term and long-term cash flow projections. |
| c) |
Holdings of cash and cash equivalents, as well as borrowing arrangements. The Committee considered that ETFs generally do not hold more than de minimis amounts of cash. While the ETFs generally do not engage in borrowing, certain of the ETFs have the flexibility to draw on a line of credit to meet redemption requests or facilitate settlements. |
| d) |
The relationship between an ETF’s portfolio liquidity and the way in which, and the prices and spreads at which, ETF shares trade, including the efficiency of the arbitrage function and the level of active participation by market participants, including authorized participants. The Committee monitored the prevailing bid/ask spread and the ETF price premium (or discount) to NAV for all ETFs and reviewed any persistent deviations from long-term averages. |
| e) |
The effect of the composition of baskets on the overall liquidity of an ETF’s portfolio. In reviewing the linkage between the composition of custom baskets accepted by an ETF and any significant change in the liquidity profile of such ETF, the Committee reviewed changes in the proportion of each ETF’s portfolio comprised of less liquid and illiquid holdings to determine if applicable thresholds were met requiring enhanced review. |
As part of BlackRock’s continuous review of the effectiveness of the Program, the Committee made the following material changes to the Program: (1) updates to certain model components in the Program’s methodology; and (2) certain iShares Funds entered into a $800 million credit agreement with a group of lenders that replaced a previous liquidity facility. The Report provided to the Board stated that the Committee concluded that based on the operation of the functions, as described in the Report, the Program is operating as intended and is effective in implementing the requirements of the Liquidity Rule.
| 118 |
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 |
Supplemental Information (unaudited)
Section 19(a) Notices
The amounts and sources of distributions reported are estimates and are being provided pursuant to regulatory requirements and are not being provided for tax reporting purposes. The actual amounts and sources for tax reporting purposes will depend upon each Fund’s investment experience during the year and may be subject to changes based on tax regulations. Shareholders will receive a Form 1099-DIV each calendar year that will inform them how to report these distributions for federal income tax purposes.
April 30, 2022
| Total Cumulative
Distributions for the Fiscal Year-to-Date |
% Breakdown of the Total
Cumulative Distributions for the Fiscal Year-to-Date |
|||||||||||||||||||||||||||||||||
| iShares ETF |
Net Investment Income |
Net Realized Capital Gains |
Return of Capital |
Total Per Share |
Net Investment Income |
Net Realized Capital Gains |
Return of Capital |
Total Per Share |
||||||||||||||||||||||||||
|
iBonds Dec 2022 Term Muni Bond |
$ | 0.162280 | $ | — | $ — | $ | 0.162280 | 100 | % | — | % | — | % | 100 | % | |||||||||||||||||||
|
iBonds Dec 2023 Term Muni Bond(a) |
0.137499 | — | 0.000450 | 0.137949 | 100 | — | 0 | (b) | 100 | |||||||||||||||||||||||||
|
iBonds Dec 2024 Term Muni Bond |
0.106910 | — | — | 0.106910 | 100 | — | — | 100 | ||||||||||||||||||||||||||
|
iBonds Dec 2025 Term Muni Bond |
0.084981 | — | — | 0.084981 | 100 | — | — | 100 | ||||||||||||||||||||||||||
|
iBonds Dec 2026 Term Muni Bond |
0.077083 | — | — | 0.077083 | 100 | — | — | 100 | ||||||||||||||||||||||||||
|
iBonds Dec 2027 Term Muni Bond |
0.105733 | — | — | 0.105733 | 100 | — | — | 100 | ||||||||||||||||||||||||||
|
iBonds Dec 2028 Term Muni Bond |
0.134372 | — | — | 0.134372 | 100 | — | — | 100 | ||||||||||||||||||||||||||
| (a) |
The Fund estimates that it has distributed more than its net investment income and net realized capital gains; therefore, a portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment in the Fund is returned to the shareholder. A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income”. When distributions exceed total return performance, the difference will incrementally reduce the Fund’s net asset value per share. |
| (b) |
Rounds to less than 1%. |
|
S U P P L E M E N T A L I N F O R M A T I O N |
119 |
Electronic Delivery
Shareholders can sign up for e-mail notifications announcing that the shareholder report or prospectus has been posted on the iShares website at iShares.com. Once you have enrolled, you will no longer receive prospectuses and shareholder reports in the mail.
To enroll in electronic delivery:
| • |
Go to icsdelivery.com. |
| • |
If your brokerage firm is not listed, electronic delivery may not be available. Please contact your broker-dealer or financial advisor. |
Householding
Householding is an option available to certain fund investors. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents and Rule 30e-3 notices can be delivered to investors who share the same address, even if their accounts are registered under different names. Please contact your broker-dealer if you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents, or if you are currently enrolled in householding and wish to change your householding status.
Availability of Quarterly Schedule of Investments
The Funds file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year as an exhibit to their reports on Form N-PORT. The Funds’ Forms N-PORT are available on the SEC’s website at sec.gov. Additionally, each Fund makes its portfolio holdings for the first and third quarters of each fiscal year available at iShares.com/fundreports.
Availability of Proxy Voting Policies and Proxy Voting Records
A description of the policies and procedures that the iShares Funds use to determine how to vote proxies relating to portfolio securities and information about how the iShares Funds voted proxies relating to portfolio securities during the most recent twelve-month period ending June 30 is available without charge, upon request (1) by calling toll-free 1-800-474-2737; (2) on the iShares website at iShares.com; and (3) on the SEC website at sec.gov.
A description of the Trust’s policies and procedures with respect to the disclosure of the Fund’s portfolio securities is available in the Fund Prospectus. The Fund discloses its portfolio holdings daily and provides information regarding its top holdings in Fund fact sheets at iShares.com.
| 120 |
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 |
Glossary of Terms Used in this Report
| Portfolio Abbreviations - Fixed Income | ||
| AGC | Assured Guaranty Corp. | |
| AGM | Assured Guaranty Municipal Corp. | |
| AMBAC | Ambac Assurance Corp. | |
| BAM | Build America Mutual Assurance Co. | |
| COP | Certificates of Participation | |
| ETM | Escrowed to Maturity | |
| GO | General Obligation | |
| GOL | General Obligation Limited | |
| GTD | Guaranteed | |
| HERBIP | Higher Education Revenue Bond Intercept Program | |
| MO | Moral Obligation | |
| NPFGC | National Public Finance Guarantee Corp. | |
| PR | Prerefunded | |
| PSF | Permanent School Fund | |
| Q-SBLF | Qualified School Bond Loan Fund | |
| RB | Revenue Bond | |
| SAP | Subject to Appropriations | |
| SAW | State Aid Withholding | |
| SCH BD GTY | School Board Guaranty | |
| SCH BD RES FD | School Board Resolution Fund | |
| SCSDE | South Carolina State Department of Education | |
| ST | Special Tax | |
| TA | Tax Allocation | |
| Counterparty Abbreviations | ||
| SC | Scotia Capital (USA) Inc. | |
|
G L O S S A R Y O F T E R M S U S E D I N T H I S R E P O R T |
121 |
Want to know more?
iShares.com | 1-800-474-2737
This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.
Investing involves risk, including possible loss of principal.
The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by S&P Dow Jones Indices LLC, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above.
©2022 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.
iS-SAR-1015-0422
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