|
|
FEBRUARY 28, 2023 |
| 2023 Annual Report | ||
iShares Trust
| · |
iShares Core 5-10 Year USD Bond ETF | IMTB | NYSE Arca |
| · |
iShares Core 10+ Year USD Bond ETF | ILTB | NYSE Arca |
Dear Shareholder,
Significant economic headwinds emerged during the 12-month reporting period ended February 28, 2023, as investors navigated changing economic conditions and volatile markets. The U.S. economy shrank in the first half of 2022 before returning to modest growth in the second half of the year, marking a shift to a more challenging post-reopening economic environment. Changes in consumer spending patterns and a tight labor market led to elevated inflation, which reached a 40-year high before beginning to moderate. Moreover, while the foremost effect of Russia’s invasion of Ukraine has been a severe humanitarian crisis, the ongoing war continued to present challenges for both investors and policymakers.
Equity prices fell as interest rates rose, particularly during the first half of the reporting period. Both large-and small-capitalization U.S. stocks fell, although equities began to recover in the second half of the period as inflation eased and economic growth resumed. Emerging market stocks and international equities from developed markets declined overall, pressured by rising interest rates and a strong U.S. dollar.
The 10-year U.S. Treasury yield rose notably during the reporting period, driving its price down, as investors reacted to fluctuating inflation data and attempted to anticipate its impact on future interest rate changes. The corporate bond market also faced inflationary headwinds, and higher interest rates led to rising borrowing costs for corporate issuers.
The U.S. Federal Reserve (the “Fed”), acknowledging that inflation has been more persistent than expected, raised interest rates eight times. Furthermore, the Fed wound down its bond-buying programs and accelerated the reduction of its balance sheet.
Restricted labor supply kept inflation elevated even as other inflation drivers, such as goods prices and energy costs, moderated. While economic growth slowed in the last year, we believe that taming inflation requires a more substantial decline that lowers demand to a level more in line with the economy’s productive capacity. Although the Fed has decelerated the pace of interest rate hikes, it still seems determined to get inflation back to target. With this in mind, we believe the possibility of a U.S. recession in the near-term is high, but the dimming economic outlook has not yet been fully reflected in current market prices. We believe investors should expect a period of higher volatility as markets adjust to the new economic reality and policymakers attempt to adapt to rapidly changing conditions. Turmoil in the banking sector shortly following the end of the period highlighted the potential for the knock-on effects of substantially higher interest rates to disrupt markets with little warning.
While we favor an overweight to equities in the long term, several factors lead us to take an underweight stance on equities overall in the near term. Expectations for corporate earnings remain elevated, which seems inconsistent with the possibility of a recession in a business environment characterized by higher costs and reduced pricing power. Nevertheless, we are overweight on emerging market stocks as a weaker U.S. dollar provides a supportive backdrop. We also see long-term opportunities in credit, where valuations are appealing and higher yields provide attractive income, although we are neutral on credit in the near term, as we believe that troubles in the banking sector will likely lead to reduced lending. However, we believe there are still some strong opportunities for a six- to twelve-month horizon, particularly short-term U.S. Treasuries, global inflation-linked bonds, and emerging market bonds denominated in local currency.
Overall, our view is that investors need to think globally, position themselves to be prepared for a decarbonizing economy, 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.
Rob Kapito
President, BlackRock, Inc.
Rob Kapito
President, BlackRock, Inc.
| Total Returns as of February 28, 2023 | ||||||||
| 6-Month | 12-Month | |||||||
|
U.S.
large cap equities |
1.26% | (7.69)% | ||||||
|
U.S.
small cap equities |
3.63 | (6.02) | ||||||
|
International
equities |
12.58 | (3.14) | ||||||
|
Emerging
market equities |
(2.29) | (15.28) | ||||||
|
3-month Treasury bills |
1.74 | 2.11 | ||||||
|
U.S.
Treasury securities |
(4.81) | (14.06) | ||||||
|
U.S.
investment grade bonds |
(2.13) | (9.72) | ||||||
|
Tax-exempt municipal
bonds |
0.66 | (5.10) | ||||||
|
U.S.
high yield bonds |
2.52 | (5.45) | ||||||
|
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 RT |
Table of Contents
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| 2 | ||||
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Annual Report: |
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| 4 | ||||
| 5 | ||||
| 9 | ||||
| 9 | ||||
| 10 | ||||
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Financial Statements |
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| 76 | ||||
| 77 | ||||
| 78 | ||||
| 79 | ||||
| 81 | ||||
| 89 | ||||
| 90 | ||||
| 91 | ||||
| 92 | ||||
| 93 | ||||
| 96 | ||||
| 97 | ||||
iShares Trust
U.S. Bond Market Overview
U.S. investment-grade bonds lost ground during the 12 months ended February 28, 2023 (the “reporting period”). The Bloomberg U.S. Aggregate Bond Index, a broad measure of U.S. bond performance, returned -9.72% in this interval.
The poor return for the fixed-income market reflected the backdrop of elevated inflation and rising short-term interest rates. Consumer price inflation—which began to rise in late 2021—took another leg higher following Russia’s invasion of Ukraine in early 2022, with year-over-year increases of over 8% in each month from March to September. While inflation showed signs of cooling in late 2022, it nonetheless remained in a range of 6.0% to 7.1% over the final four months of the period – well above the U.S. Federal Reserve’s (Fed’s) stated target of 2%.
The Fed responded to rising inflation by winding down its stimulative quantitative easing program and beginning to raise interest rates aggressively. The Fed boosted short-term rates eight times over the course of the 12-month period, moving the benchmark fed funds rate from a range of 0.0% - 0.25% to 4.50% - 4.75%. This represented the fastest increase in such a short span of time in decades. In addition, the Fed’s communications repeatedly stated the central bank’s intent to remain steadfast in its commitment to fighting inflation. This approach quashed periodic hopes for a pivot toward a less restrictive policy, and it prompted investors to ratchet up their expectations for the likely “terminal rate;” in other words, the level at which the Fed could stop raising rates.
These circumstances created significant headwinds for the fixed-income market. The yield on the two-year U.S. Treasury note rose from 1.43% to 4.82% (as its price fell) over the course of the year, while the 10-year yield climbed from 1.83% to 3.92%. As a result of these moves, the yield curve reached its highest level of inversion (in other words, the extent to which short-term rates exceed longer-term rates) since 1981. Typically, an inverted yield curve is seen as a precursor to a recession.
Investment-grade corporate bonds underperformed Treasuries by a modest margin. Investors’ reduced appetite for risk contributed to an increase in yield spreads versus government issues over the first eight months of the period, as did concerns that the combination of rising inflation and slowing economic growth would crimp both profit margins and earnings. Corporates experienced improving relative performance from November onward, however, offsetting most of the category’s previous shortfall.
Securitized assets—a category that encompasses mortgage-backed securities (MBS), asset backed securities (ABS) and commercial mortgage-backed securities (CMBS)—outperformed both Treasuries and corporates. MBS were the weakest performer of the three as the Fed’s decision to end its quantitative easing policy reduced a key source of demand. ABS, while losing ground in absolute terms, held up reasonably well due to their shorter average maturities and the continued strength of the U.S. consumer sector. CMBS also outpaced the broader fixed-income market.
| 4 |
2 0 2 3 I S H A R E S 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 February 28, 2023 | iShares® Core 5-10 Year USD Bond ETF |
Investment Objective
The iShares Core 5-10 Year USD Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated bonds that are rated either investment-grade or high yield with remaining effective maturities between five and ten years, as represented by the Bloomberg U.S. Universal 5-10 Year Index (the “Index”) (formerly the Bloomberg Barclays U.S. Universal 5-10 Year 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 | |||||||||||||||||||||||||||
| 1 Year | 5 Years | Since Inception |
1 Year | 5 Years | Since Inception |
|||||||||||||||||||||||
|
Fund NAV |
(9.51 | )% | 0.45 | % | 0.31 | % | (9.51 | )% | 2.28 | % | 1.96 | % | ||||||||||||||||
|
Fund Market |
(9.43 | ) | 0.47 | 0.32 | (9.43 | ) | 2.35 | 2.02 | ||||||||||||||||||||
|
Index |
(9.63 | ) | 0.55 | 0.38 | (9.63 | ) | 2.77 | 2.43 | ||||||||||||||||||||
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSETVALUE)
The inception date of the Fund was November 1, 2016. The first day of secondary market trading was November 3, 2016.
Past performance is not an indication 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” for more information.
Expense Example
| Actual |
Hypothetical 5% Return |
|||||||||||||||||||||||||||||
| |
Beginning Account Value (09/01/22) |
|
|
Ending Account Value (02/28/23) |
|
|
Expenses Paid During the Period |
(a) |
Beginning Account Value (09/01/22) |
|
Ending Account Value (02/28/23) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||||
| $ 1,000.00 | $ 980.10 | $ 0.25 | $ 1,000.00 | $ 1,024.50 | $ 0.25 | 0.05 | % | |||||||||||||||||||||||
| (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 “Disclosure of Expenses” for more information. |
|
F U N D S U M M A R Y |
5 |
| Fund Summary as of February 28, 2023 (continued) | iShares® Core 5-10 Year USD Bond ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
|
|
||||
| Moody’s Credit Rating* | Percent of Total Investments(a) |
|||
|
|
||||
|
Aaa |
45.9% | |||
|
Aa |
10.1 | |||
|
A |
19.2 | |||
|
Baa |
10.4 | |||
|
Ba |
3.8 | |||
|
B |
2.5 | |||
|
Caa |
0.6 | |||
|
Ca |
0.1 | |||
|
Not Rated |
7.4 | |||
|
|
||||
PORTFOLIO COMPOSITION
|
|
||||
| Investment Type | Percent of Total Investments(a) |
|||
|
|
||||
|
U.S. Government & Agency Obligations |
74.4% | |||
|
Corporate Bonds & Notes |
23.4 | |||
|
Foreign Government Obligations |
3.1 | |||
|
Collaterized Mortgage Obligations |
0.9 | |||
|
Municipal Debt Obligations |
—(b) | |||
|
TBA Sales Commitments |
(1.8) | |||
|
|
||||
| * |
Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s 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 Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
| (a) |
Excludes money market funds. |
| (b) |
Rounds to less than 0.1% |
| 6 |
2 0 2 3 I S H A R E S 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 February 28, 2023 | iShares® Core 10+ Year USD Bond ETF |
Investment Objective
The iSharesCore 10+Year USD Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated bonds that are rated either investment-grade or high-yield with remaining maturities greater than ten years, as represented by the Bloomberg U.S. Universal 10+ Year Index (the “Index”) (formerly the Bloomberg Barclays U.S. Universal 10+ Year 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 | |||||||||||||||||||||||||||
| 1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | |||||||||||||||||||||||
|
Fund NAV |
(19.44 | )% | 0.20 | % | 2.00 | % | (19.44 | )% | 1.00 | % | 21.87 | % | ||||||||||||||||
|
Fund Market |
(19.60 | ) | 0.19 | 2.02 | (19.60 | ) | 0.97 | 22.09 | ||||||||||||||||||||
|
Index |
(19.46 | ) | 0.23 | 2.06 | (19.46 | ) | 1.15 | 22.64 | ||||||||||||||||||||
GROWTH OF $10,000 INVESTMENT
(AT NET ASSET VALUE)
Index performance beginning on October 23, 2012 through June 2, 2014 reflects the performance of the Bloomberg Barclays U.S. Long Government/Credit Bond Index. Index performance beginning on June 3, 2014 reflects the performance of the Bloomberg U.S. Universal 10+ Year Index.
Past performance is not an indication 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” for more information.
Expense Example
| Actual |
Hypothetical 5% Return |
|||||||||||||||||||||||||||||
| |
Beginning Account Value (09/01/22) |
|
|
Ending Account Value (02/28/23) |
|
|
Expenses Paid During the Period |
(a) |
Beginning Account Value (09/01/22) |
|
Ending Account Value (02/28/23) |
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| |||||||||||||
| $ 1,000.00 | $ 960.50 | $ 0.29 | $ 1,000.00 | $ 1,024.50 | $ 0.30 | 0.06 | % | |||||||||||||||||||||||
| (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 “Disclosure of Expenses” for more information. |
|
F U N D S U M M A R Y |
7 |
| Fund Summary as of February 28, 2023 (continued) | iShares® Core 10+ Year USD Bond ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
|
|
||||
| Moody’s Credit Rating* | Percent of Total Investments(a) |
|||
|
|
||||
|
Aaa |
41.9% | |||
|
Aa |
6.6 | |||
|
A |
19.8 | |||
|
Baa |
25.6 | |||
|
Ba |
2.6 | |||
|
B |
1.3 | |||
|
Caa |
0.3 | |||
|
Ca |
0.4 | |||
|
Not Rated |
1.5 | |||
|
|
||||
PORTFOLIO COMPOSITION
|
|
||||
| Investment Type | Percent of Total Investments(a) |
|||
|
|
||||
|
Corporate Bonds & Notes |
49.6% | |||
|
U.S. Government & Agency Obligations |
39.9 | |||
|
Foreign Government Obligations |
7.9 | |||
|
Municipal Debt Obligations |
2.6 | |||
|
|
||||
| * |
Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s 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 Baa or higher. Below investment grade ratings are credit ratings of Ba 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 3 I S H A R E S 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 the 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 the 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 / D I S C L O S U R E O F E X P E N S E S |
9 |
|
February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Collaterized Mortgage Obligations | ||||||||
| Mortgage-Backed Securities — 0.9% | ||||||||
|
Benchmark Mortgage Trust |
||||||||
|
Series
2018-B4, Class A5, 4.12%,
07/15/51 |
$ | 200 | $ | 189,701 | ||||
|
Series
2019-B9, Class A5, 4.02%,
03/15/52 |
50 | 46,795 | ||||||
|
Citigroup Commercial Mortgage Trust, Series 2019-GC43, Class A4, 3.04%, 11/10/52 (Call 11/10/29) |
340 | 297,328 | ||||||
|
Morgan Stanley Capital I Trust |
||||||||
|
Series
2019-H6, Class A4, 3.42%,
06/15/52 |
110 | 98,864 | ||||||
|
Series 2021-L7, Class A5, 2.57%, 10/15/54 (Call 10/15/31). |
500 | 407,034 | ||||||
|
UBS
Commercial Mortgage Trust, Series 2018-C08, |
125 | 117,472 | ||||||
|
Wells
Fargo Commercial Mortgage Trust |
250 | 235,562 | ||||||
|
Series
2020-C56, Class A5, 2.45%,
06/15/53 |
30 | 25,052 | ||||||
|
|
|
|||||||
| 1,417,808 | ||||||||
|
|
|
|||||||
|
Total
Collaterized Mortgage Obligations — 0.9% |
1,417,808 | |||||||
|
|
|
|||||||
| Corporate Bonds & Notes | ||||||||
| Advertising — 0.1% | ||||||||
|
Advantage
Sales & Marketing Inc., 6.50%, 11/15/28 |
11 | 8,406 | ||||||
|
Clear Channel Outdoor Holdings Inc. |
||||||||
|
7.50%, 06/01/29 (Call 06/01/24)(b) |
13 | 10,518 | ||||||
|
7.75%, 04/15/28 (Call 04/15/24)(b)(c) |
17 | 14,158 | ||||||
|
Interpublic Group of Companies Inc. (The), 4.65%, 10/01/28 (Call 07/01/28) |
15 | 14,402 | ||||||
|
Lamar Media Corp. |
||||||||
|
3.63%, 01/15/31 (Call 01/15/26) |
5 | 4,118 | ||||||
|
4.00%, 02/15/30 (Call 02/15/25) |
3 | 2,597 | ||||||
|
4.88%, 01/15/29 (Call 01/15/24)(c) |
3 | 2,787 | ||||||
|
National CineMedia LLC, 5.88%, 04/15/28 (Call 04/15/23)(b) |
3 | 943 | ||||||
|
Omnicom Group Inc., 2.60%, 08/01/31 (Call 05/01/31) |
20 | 16,419 | ||||||
|
Outfront Media Capital LLC/Outfront Media Capital Corp. |
||||||||
|
4.25%, 01/15/29 (Call 01/15/24)(b) |
10 | 8,254 | ||||||
|
4.63%, 03/15/30 (Call 03/15/25)(b) |
10 | 8,200 | ||||||
|
Stagwell
Global LLC, 5.63%, 08/15/29 |
13 | 11,158 | ||||||
|
|
|
|||||||
|
|
101,960 |
| ||||||
| Aerospace & Defense — 0.3% | ||||||||
|
Boeing Co. (The) |
||||||||
|
3.20%, 03/01/29 (Call 12/01/28) |
60 | 52,801 | ||||||
|
3.63%, 02/01/31 (Call 11/01/30) |
50 | 43,812 | ||||||
|
5.15%, 05/01/30 (Call 02/01/30) |
50 | 48,446 | ||||||
|
Bombardier Inc. |
||||||||
|
6.00%, 02/15/28 (Call 02/15/24)(b) |
16 | 15,002 | ||||||
|
7.50%, 02/01/29 (Call 02/01/26)(b) |
10 | 9,838 | ||||||
|
General
Dynamics Corp., 3.63%, 04/01/30 |
30 | 27,955 | ||||||
|
Howmet Aerospace Inc. |
||||||||
|
3.00%, 01/15/29 (Call 11/15/28) |
15 | 12,871 | ||||||
|
6.75%, 01/15/28 |
2 | 2,058 | ||||||
|
L3Harris Technologies Inc. |
||||||||
|
2.90%, 12/15/29 (Call 09/15/29) |
10 | 8,605 | ||||||
|
4.40%, 06/15/28 (Call 03/15/28) |
60 | 57,800 | ||||||
| Security | Par (000) |
Value | ||||||
| Aerospace & Defense (continued) | ||||||||
|
Lockheed Martin Corp. |
||||||||
|
1.85%, 06/15/30 (Call 03/15/30) |
$ | 10 | $ | 8,178 | ||||
|
3.90%, 06/15/32 (Call 03/15/32) |
5 | 4,638 | ||||||
|
Northrop
Grumman Corp., 4.70%, 03/15/33 |
50 | 48,211 | ||||||
|
Raytheon Technologies Corp. |
||||||||
|
2.38%, 03/15/32 (Call 12/15/31) |
15 | 12,088 | ||||||
|
4.13%, 11/16/28 (Call 08/16/28) |
75 | 71,417 | ||||||
|
Spirit AeroSystems Inc. |
||||||||
|
4.60%, 06/15/28 (Call 03/15/28) |
7 | 5,776 | ||||||
|
9.38%, 11/30/29 (Call 11/30/25)(b) |
15 | 15,891 | ||||||
|
TransDigm Inc. |
||||||||
|
4.63%, 01/15/29 (Call 01/15/24) |
20 | 17,189 | ||||||
|
4.88%, 05/01/29 (Call 05/01/24) |
10 | 8,612 | ||||||
|
6.75%, 08/15/28 (Call 02/15/25)(b) |
20 | 19,896 | ||||||
|
|
|
|||||||
|
|
491,084 |
| ||||||
| Agriculture — 0.2% | ||||||||
|
Altria Group Inc. |
||||||||
|
2.45%, 02/04/32 (Call 11/04/31) |
25 | 18,865 | ||||||
|
3.40%, 05/06/30 (Call 02/06/30) |
5 | 4,305 | ||||||
|
4.80%, 02/14/29 (Call 11/14/28) |
25 | 23,984 | ||||||
|
Archer-Daniels-Midland
Co., 3.25%, 03/27/30 |
25 | 22,498 | ||||||
|
BAT Capital Corp. |
||||||||
|
2.26%, 03/25/28 (Call 01/25/28) |
20 | 16,766 | ||||||
|
3.46%, 09/06/29 (Call 06/06/29) |
20 | 17,138 | ||||||
|
4.74%, 03/16/32 (Call 12/16/31) |
20 | 17,862 | ||||||
|
4.91%, 04/02/30 (Call 01/02/30) |
20 | 18,474 | ||||||
|
7.75%, 10/19/32 (Call 07/19/32) |
10 | 10,737 | ||||||
|
BAT International Finance PLC, 4.45%, 03/16/28 (Call 02/16/28) |
25 | 23,372 | ||||||
|
Cargill Inc. |
||||||||
|
1.70%, 02/02/31 (Call 11/02/30)(b) |
35 | 27,314 | ||||||
|
3.25%, 05/23/29 (Call 02/23/29)(b) |
15 | 13,531 | ||||||
|
4.00%, 06/22/32 (Call 03/22/32)(b) |
25 | 23,095 | ||||||
|
5.13%, 10/11/32 (Call 07/11/32)(b)(c) |
5 | 5,012 | ||||||
|
Darling
Ingredients Inc., 6.00%, 06/15/30 |
10 | 9,667 | ||||||
|
Philip Morris International Inc. |
||||||||
|
2.10%, 05/01/30 (Call 02/01/30) |
5 | 4,044 | ||||||
|
3.38%, 08/15/29 (Call 05/15/29) |
25 | 22,469 | ||||||
|
5.13%, 02/15/30 (Call 12/15/29) |
20 | 19,576 | ||||||
|
5.38%, 02/15/33 (Call 11/15/32) |
20 | 19,665 | ||||||
|
5.63%, 11/17/29 (Call 09/17/29) |
10 | 10,135 | ||||||
|
5.75%, 11/17/32 (Call 08/17/32) |
50 | 50,562 | ||||||
|
Vector
Group Ltd., 5.75%, 02/01/29 |
12 | 10,400 | ||||||
|
|
|
|||||||
|
|
389,471 |
| ||||||
| Airlines — 0.1% | ||||||||
|
Air Canada Pass Through Trust, Series 2017-1, Class AA, 3.30%, 07/15/31(b) |
4 | 3,352 | ||||||
|
American Airlines 2016-2 Pass Through Trust, Series 2016-2, Class AA, 3.20%, 12/15/29 |
11 | 9,642 | ||||||
|
American Airlines 2017-2 Pass Through Trust, Series 2017-2, Class AA, 3.35%, 04/15/31 |
23 | 20,171 | ||||||
|
American Airlines 2021-1 Pass Through Trust, Series B, Class B, 3.95%, 01/11/32 |
2 | 1,656 | ||||||
|
American Airlines Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/29(b) |
37 | 35,156 | ||||||
|
American Airlines Pass Through Trust, Series 2016-2, Class A, 3.65%, 12/15/29 |
3 | 3,027 | ||||||
|
Delta Air Lines Inc. |
||||||||
|
3.75%, 10/28/29 (Call 07/28/29) |
5 | 4,297 | ||||||
| 10 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Airlines (continued) | ||||||||
|
4.38%, 04/19/28 (Call 01/19/28) |
$ | 10 | $ | 9,127 | ||||
|
Delta Air Lines Inc./SkyMiles IP Ltd., 4.75%, 10/20/28(b) |
25 | 23,658 | ||||||
|
United Airlines Inc., 4.63%, 04/15/29 (Call 10/15/25)(b) |
25 | 22,199 | ||||||
|
United Airlines Pass Through Trust, Series 2016-2, Class AA, 2.88%, 04/07/30 |
4 | 3,276 | ||||||
|
|
|
|||||||
| 135,561 | ||||||||
| Apparel — 0.0% | ||||||||
|
Crocs Inc. |
||||||||
|
4.13%, 08/15/31 (Call 08/15/26)(b) |
8 | 6,552 | ||||||
|
4.25%, 03/15/29 (Call 03/15/24)(b) |
3 | 2,575 | ||||||
|
Hanesbrands Inc., 9.00%, 02/15/31 (Call 02/15/26) |
10 | 10,115 | ||||||
|
Kontoor Brands Inc., 4.13%, 11/15/29 (Call 11/15/24)(b) |
5 | 4,222 | ||||||
|
Levi Strauss & Co., 3.50%, 03/01/31 (Call 03/01/26)(b) |
5 | 4,094 | ||||||
|
Tapestry Inc., 3.05%, 03/15/32 (Call 12/15/31) |
10 | 7,947 | ||||||
|
VF Corp., 2.95%, 04/23/30 (Call 01/23/30) |
30 | 24,776 | ||||||
|
Wolverine
World Wide Inc., 4.00%, 08/15/29 |
10 | 8,061 | ||||||
|
|
|
|||||||
| 68,342 | ||||||||
| Auto Manufacturers — 0.4% | ||||||||
|
Allison Transmission Inc. |
||||||||
|
3.75%, 01/30/31 (Call 01/30/26)(b) |
12 | 9,956 | ||||||
|
5.88%, 06/01/29 (Call 06/01/24)(b) |
4 | 3,790 | ||||||
|
BMW U.S. Capital LLC |
||||||||
|
3.70%, 04/01/32 (Call 01/01/32)(b) |
10 | 9,034 | ||||||
|
3.75%, 04/12/28 (Call 01/12/28)(b) |
35 | 33,063 | ||||||
|
4.15%, 04/09/30 (Call 01/09/30)(b) |
25 | 23,710 | ||||||
|
Ford Holdings LLC, 9.30%, 03/01/30 |
2 | 2,242 | ||||||
|
Ford Motor Co. |
||||||||
|
3.25%, 02/12/32 (Call 11/12/31) |
33 | 25,050 | ||||||
|
6.10%, 08/19/32 (Call 05/19/32) |
25 | 23,365 | ||||||
|
6.38%, 02/01/29(c) |
1 | 983 | ||||||
|
6.63%, 10/01/28 |
3 | 3,015 | ||||||
|
7.45%, 07/16/31(c) |
40 | 41,419 | ||||||
|
9.63%, 04/22/30 (Call 01/22/30) |
3 | 3,452 | ||||||
|
Ford Motor Credit Co. LLC |
||||||||
|
2.90%, 02/10/29 (Call 12/10/28) |
10 | 8,121 | ||||||
|
3.63%, 06/17/31 (Call 03/17/31) |
8 | 6,341 | ||||||
|
4.00%, 11/13/30 (Call 08/13/30) |
10 | 8,339 | ||||||
|
5.11%, 05/03/29 (Call 02/03/29) |
10 | 9,139 | ||||||
|
7.35%, 03/06/30 (Call 01/06/30) |
20 | 20,254 | ||||||
|
General Motors Co. |
||||||||
|
5.00%, 10/01/28 (Call 07/01/28) |
60 | 58,100 | ||||||
|
5.40%, 10/15/29 (Call 08/15/29) |
15 | 14,428 | ||||||
|
5.60%, 10/15/32 (Call 07/15/32)(c) |
30 | 28,524 | ||||||
|
General Motors Financial Co. Inc. |
||||||||
|
2.35%, 01/08/31 (Call 10/08/30) |
10 | 7,682 | ||||||
|
3.60%, 06/21/30 (Call 03/21/30) |
10 | 8,570 | ||||||
|
5.65%, 01/17/29 (Call 10/17/28) |
45 | 44,091 | ||||||
|
Honda Motor Co. Ltd., 2.97%, 03/10/32 (Call 12/10/31) |
10 | 8,677 | ||||||
|
Hyundai Capital America |
||||||||
|
2.00%, 06/15/28 (Call 04/15/28)(b) |
10 | 8,338 | ||||||
|
2.10%, 09/15/28 (Call 07/17/28)(b) |
5 | 4,148 | ||||||
|
6.38%, 04/08/30 (Call 01/08/30)(b)(c) |
40 | 41,450 | ||||||
|
Jaguar
Land Rover Automotive PLC, 5.50%, 07/15/29 |
3 | 2,399 | ||||||
|
Mercedes-Benz Finance North America
LLC, 8.50%, |
20 | 24,744 | ||||||
|
Nissan
Motor Acceptance Co. LLC, 2.45%, 09/15/28 |
40 | 31,999 | ||||||
| Security | Par (000) |
Value | ||||||
| Auto Manufacturers (continued) | ||||||||
|
Nissan
Motor Acceptance Corp., 2.75%, 03/09/28 |
$ | 10 | $ | 8,280 | ||||
|
PM
General Purchaser LLC, 9.50%, 10/01/28 |
10 | 9,128 | ||||||
|
Toyota Motor Corp., 2.76%, 07/02/29 |
14 | 12,437 | ||||||
|
Toyota Motor Credit Corp. |
||||||||
|
3.38%, 04/01/30 |
85 | 77,751 | ||||||
|
4.45%, 06/29/29 |
10 | 9,780 | ||||||
|
4.70%, 01/12/33 |
10 | 9,806 | ||||||
|
Wabash
National Corp., 4.50%, 10/15/28 |
3 | 2,614 | ||||||
|
|
|
|||||||
| 644,219 | ||||||||
| Auto Parts & Equipment — 0.1% | ||||||||
|
Adient Global Holdings, 8.25%, 04/15/31 |
15 | 15,000 | ||||||
|
American Axle & Manufacturing Inc. |
||||||||
|
5.00%, 10/01/29 (Call 10/01/24) |
12 | 9,725 | ||||||
|
6.88%, 07/01/28 (Call 07/01/23) |
5 | 4,487 | ||||||
|
Dana Inc. |
||||||||
|
4.25%, 09/01/30 (Call 05/01/26) |
5 | 4,036 | ||||||
|
4.50%, 02/15/32 (Call 02/15/27) |
5 | 3,987 | ||||||
|
5.63%, 06/15/28 (Call 06/15/23) |
7 | 6,339 | ||||||
|
Dealer
Tire LLC/DT Issuer LLC, 8.00%, 02/01/28 |
5 | 4,541 | ||||||
|
Dornoch
Debt Merger Sub Inc., 6.63%, 10/15/29 |
8 | 6,040 | ||||||
|
Goodyear Tire & Rubber Co. (The) |
||||||||
|
5.00%, 07/15/29 (Call 04/15/29)(c) |
9 | 7,831 | ||||||
|
5.25%, 04/30/31 (Call 01/30/31)(c) |
5 | 4,284 | ||||||
|
5.25%, 07/15/31 (Call 04/15/31)(c) |
14 | 11,905 | ||||||
|
Lear Corp., 2.60%, 01/15/32 (Call 10/15/31) |
25 | 18,954 | ||||||
|
Real
Hero Merger Sub 2 Inc., 6.25%, 02/01/29 |
5 | 3,710 | ||||||
|
Titan
International Inc., 7.00%, 04/30/28 |
5 | 4,738 | ||||||
|
Wheel Pros Inc., 6.50%, 05/15/29 (Call 05/15/24)(b) |
3 | 1,314 | ||||||
|
|
|
|||||||
| 106,891 | ||||||||
| Banks — 3.6% | ||||||||
|
Banco Santander SA, 2.75%, 12/03/30 |
20 | 15,574 | ||||||
|
Bangkok
Bank PCL/Hong Kong, 3.73%, 09/25/34 |
200 | 170,000 | ||||||
|
Bank of America Corp. |
||||||||
|
1.90%,
07/23/31 (Call 07/23/30), |
30 | 23,341 | ||||||
|
1.92%,
10/24/31 (Call 10/24/30), |
95 | 73,691 | ||||||
|
2.30%,
07/21/32 (Call 07/21/31), |
40 | 31,286 | ||||||
|
2.48%,
09/21/36 (Call 09/21/31), |
35 | 26,213 | ||||||
|
2.50%,
02/13/31 (Call 02/13/30), |
40 | 32,922 | ||||||
|
2.57%,
10/20/32 (Call 10/20/31), |
60 | 47,797 | ||||||
|
2.59%,
04/29/31 (Call 04/29/30), |
40 | 33,040 | ||||||
|
2.69%,
04/22/32 (Call 04/22/31), |
50 | 40,553 | ||||||
|
2.88%,
10/22/30 (Call 10/22/29), |
10 | 8,472 | ||||||
|
2.97%,
02/04/33 (Call 02/04/32), |
45 | 36,832 | ||||||
|
S C H E D U L E O F I N V E S T M E N T S |
11 |
|
Schedule of Investments (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Banks (continued) | ||||||||
|
3.19%,
07/23/30 (Call 07/23/29), |
$ | 30 | $ | 26,043 | ||||
|
3.97%,
02/07/30 (Call 02/07/29), |
45 | 41,185 | ||||||
|
4.27%,
07/23/29 (Call 07/23/28), |
30 | 28,169 | ||||||
|
4.57%,
04/27/33 (Call 04/27/32), |
70 | 65,054 | ||||||
|
5.02%,
07/22/33 (Call 07/22/32), |
90 | 86,583 | ||||||
|
Series
N, 2.65%, 03/11/32 (Call 03/11/31), |
50 | 40,686 | ||||||
|
Bank
of Montreal, 3.09%, 01/10/37 (Call 01/10/32), |
30 | 23,543 | ||||||
|
Bank of New York Mellon Corp. (The) |
||||||||
|
1.65%, 01/28/31 (Call 10/28/30) |
30 | 23,608 | ||||||
|
2.50%, 01/26/32 (Call 10/26/31) |
35 | 28,555 | ||||||
|
3.00%, 10/30/28 (Call 07/30/28) |
10 | 8,930 | ||||||
|
3.30%, 08/23/29 (Call 05/23/29) |
30 | 26,799 | ||||||
|
3.85%, 04/28/28 |
15 | 14,231 | ||||||
|
3.85%, 04/26/29 (Call 02/26/29) |
10 | 9,359 | ||||||
|
4.71%, 02/01/34 (Call 02/01/33) |
30 | 28,820 | ||||||
|
5.83%,
10/25/33 (Call 10/25/32), |
20 | 20,827 | ||||||
|
Series J, 1.90%, 01/25/29 (Call 11/25/28) |
10 | 8,368 | ||||||
|
Bank of Nova Scotia (The) |
||||||||
|
2.45%, 02/02/32 |
75 | 60,409 | ||||||
|
4.85%, 02/01/30 |
10 | 9,702 | ||||||
|
BankUnited Inc., 5.13%, 06/11/30 (Call 03/11/30) |
5 | 4,732 | ||||||
|
Barclays
PLC, 4.97%, 05/16/29 (Call 05/16/28), |
220 | 209,273 | ||||||
|
BNP
Paribas SA, 2.16%, 09/15/29 (Call 09/15/28), |
200 | 165,588 | ||||||
|
Canadian
Imperial Bank of Commerce, 3.60%, 04/07/32 |
21 | 18,530 | ||||||
|
Citigroup Inc. |
||||||||
|
2.52%,
11/03/32 (Call 11/03/31), |
45 | 35,498 | ||||||
|
2.56%,
05/01/32 (Call 05/01/31), |
35 | 28,082 | ||||||
|
2.57%,
06/03/31 (Call 06/03/30), |
100 | 81,994 | ||||||
|
2.67%,
01/29/31 (Call 01/29/30), |
75 | 62,472 | ||||||
|
2.98%,
11/05/30 (Call 11/05/29), |
30 | 25,568 | ||||||
|
3.06%,
01/25/33 (Call 01/25/32), |
60 | 49,225 | ||||||
|
3.79%,
03/17/33 (Call 03/17/32), |
40 | 34,790 | ||||||
|
3.98%,
03/20/30 (Call 03/20/29), |
55 | 50,197 | ||||||
|
4.08%,
04/23/29 (Call 04/23/28), |
10 | 9,308 | ||||||
|
4.13%, 07/25/28 |
25 | 23,380 | ||||||
|
4.41%,
03/31/31 (Call 03/31/30), |
60 | 55,886 | ||||||
|
Citizens Financial Group Inc. |
||||||||
|
2.50%, 02/06/30 (Call 12/06/29) |
35 | 28,936 | ||||||
|
2.64%, 09/30/32 (Call 07/02/32) |
20 | 15,237 | ||||||
| Security | Par (000) |
Value | ||||||
| Banks (continued) | ||||||||
|
3.25%, 04/30/30 (Call 01/30/30) |
$ | 30 | $ | 26,202 | ||||
|
Comerica Inc., 4.00%, 02/01/29 (Call 10/31/28) |
35 | 32,623 | ||||||
|
Commonwealth Bank of Australia, 3.90%, 03/16/28(b) |
50 | 47,455 | ||||||
|
Deutsche Bank AG/New York NY |
||||||||
|
3.73%,
01/14/32 (Call 01/14/31), |
10 | 7,900 | ||||||
|
3.74%,
01/07/33 (Call 10/07/31), |
10 | 7,630 | ||||||
|
5.88%,
07/08/31 (Call 04/08/30), |
5 | 4,603 | ||||||
|
Dresdner
Funding Trust I, 8.15%, 06/30/31 |
10 | 10,756 | ||||||
|
Fifth Third Bancorp. |
||||||||
|
3.95%, 03/14/28 (Call 02/14/28) |
30 | 28,423 | ||||||
|
4.77%,
07/28/30 (Call 07/28/29), |
10 | 9,592 | ||||||
|
First-Citizens Bank & Trust Co., 6.13%, 03/09/28 |
34 | 34,817 | ||||||
|
Goldman Sachs Group Inc. (The) |
||||||||
|
1.99%,
01/27/32 (Call 01/27/31), |
40 | 30,734 | ||||||
|
2.38%,
07/21/32 (Call 07/21/31), |
35 | 27,504 | ||||||
|
2.60%, 02/07/30 (Call 11/07/29) |
25 | 21,025 | ||||||
|
2.62%,
04/22/32 (Call 04/22/31), |
55 | 44,206 | ||||||
|
2.65%,
10/21/32 (Call 10/21/31), |
65 | 51,836 | ||||||
|
3.10%,
02/24/33 (Call 02/24/32), |
60 | 49,455 | ||||||
|
3.80%, 03/15/30 (Call 12/15/29) |
25 | 22,688 | ||||||
|
3.81%,
04/23/29 (Call 04/23/28), |
40 | 36,678 | ||||||
|
4.22%,
05/01/29 (Call 05/01/28), |
75 | 70,247 | ||||||
|
HSBC
Holdings PLC, 2.80%, 05/24/32 |
270 | 215,382 | ||||||
|
Huntington
Bancshares Inc., 2.49%, 08/15/36 |
15 | 11,107 | ||||||
|
Huntington
Bancshares Inc./OH, 2.55%, 02/04/30 |
40 | 33,472 | ||||||
|
Intesa
Sanpaolo SpA, 4.20%, 06/01/32 |
10 | 7,586 | ||||||
|
JPMorgan Chase & Co. |
||||||||
|
1.76%,
11/19/31 (Call 11/19/30), |
40 | 30,809 | ||||||
|
2.07%,
06/01/29 (Call 06/01/28), |
25 | 21,078 | ||||||
|
2.52%,
04/22/31 (Call 04/22/30), |
60 | 49,661 | ||||||
|
2.55%,
11/08/32 (Call 11/08/31), |
70 | 55,851 | ||||||
|
2.58%,
04/22/32 (Call 04/22/31), |
75 | 60,739 | ||||||
|
2.74%,
10/15/30 (Call 10/15/29), |
25 | 21,062 | ||||||
|
2.96%,
05/13/31 (Call 05/13/30), |
80 | 67,223 | ||||||
|
2.96%,
01/25/33 (Call 01/25/32), |
45 | 37,074 | ||||||
|
4.01%,
04/23/29 (Call 04/23/28), |
30 | 27,888 | ||||||
| 12 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Banks (continued) | ||||||||
|
4.20%,
07/23/29 (Call 07/23/28), |
$ | 35 | $ | 32,791 | ||||
|
4.49%,
03/24/31 (Call 03/24/30), |
25 | 23,582 | ||||||
|
4.57%,
06/14/30 (Call 06/14/29), |
15 | 14,241 | ||||||
|
4.59%,
04/26/33 (Call 04/26/32), |
75 | 69,939 | ||||||
|
4.91%,
07/25/33 (Call 07/25/32), |
45 | 43,072 | ||||||
|
5.72%,
09/14/33 (Call 09/14/32), |
50 | 49,515 | ||||||
|
KeyCorp, 2.55%, 10/01/29 |
65 | 54,998 | ||||||
|
KKR
Group Finance Co. XII LLC, 4.85%, 05/17/32 |
15 | 14,124 | ||||||
|
Kreditanstalt fuer Wiederaufbau, 1.75%, 09/14/29 |
10 | 8,640 | ||||||
|
Macquarie Group Ltd. |
||||||||
|
2.69%,
06/23/32 (Call 06/23/31), |
20 | 15,926 | ||||||
|
4.65%,
03/27/29 (Call 03/27/28), |
50 | 48,309 | ||||||
|
5.03%,
01/15/30 (Call 01/15/29), |
80 | 77,881 | ||||||
|
Mitsubishi UFJ Financial Group Inc. |
||||||||
|
3.74%, 03/07/29 |
70 | 64,102 | ||||||
|
3.96%, 03/02/28 |
50 | 47,117 | ||||||
|
4.05%, 09/11/28 |
35 | 32,803 | ||||||
|
Mizuho Financial Group Inc. |
||||||||
|
2.56%, 09/13/31 |
20 | 15,556 | ||||||
|
5.67%,
09/13/33 (Call 09/13/32), |
70 | 70,085 | ||||||
|
Morgan Stanley |
||||||||
|
1.79%,
02/13/32 (Call 02/13/31), |
45 | 34,223 | ||||||
|
1.93%,
04/28/32 (Call 04/28/31), |
60 | 45,896 | ||||||
|
2.24%,
07/21/32 (Call 07/21/31), |
50 | 38,906 | ||||||
|
2.48%,
09/16/36 (Call 09/16/31), |
50 | 37,278 | ||||||
|
2.51%,
10/20/32 (Call 10/20/31), |
55 | 43,449 | ||||||
|
2.70%,
01/22/31 (Call 01/22/30), |
35 | 29,235 | ||||||
|
2.94%,
01/21/33 (Call 01/21/32), |
70 | 57,346 | ||||||
|
3.62%,
04/01/31 (Call 04/01/30), |
30 | 26,548 | ||||||
|
4.43%,
01/23/30 (Call 01/23/29), |
10 | 9,420 | ||||||
|
4.89%,
07/20/33 (Call 07/20/32), |
25 | 23,742 | ||||||
|
5.12%,
02/01/29 (Call 02/01/28), |
15 | 14,736 | ||||||
|
6.34%,
10/18/33 (Call 10/18/32), |
20 | 21,091 | ||||||
|
7.25%, 04/01/32 |
50 | 56,630 | ||||||
|
National Australia Bank Ltd., 2.33%, 08/21/30(b) |
20 | 15,618 | ||||||
|
Northern Trust Corp. |
||||||||
|
1.95%, 05/01/30 (Call 02/01/30) |
35 | 28,618 | ||||||
| Security | Par (000) |
Value | ||||||
| Banks (continued) | ||||||||
|
3.15%, 05/03/29 (Call 02/03/29) |
$ | 10 | $ | 9,089 | ||||
|
6.13%, 11/02/32 (Call 08/02/32) |
15 | 15,819 | ||||||
|
PNC Financial Services Group Inc. (The) |
||||||||
|
2.31%,
04/23/32 (Call 04/23/31), |
15 | 12,167 | ||||||
|
2.55%, 01/22/30 (Call 10/24/29) |
80 | 68,098 | ||||||
|
3.45%, 04/23/29 (Call 01/23/29) |
50 | 45,997 | ||||||
|
6.04%,
10/28/33 (Call 10/28/32), |
35 | 36,384 | ||||||
|
Regions
Financial Corp., 1.80%, 08/12/28 |
40 | 33,559 | ||||||
|
Royal Bank of Canada, 2.30%, 11/03/31 |
80 | 64,198 | ||||||
|
Societe Generale SA, 3.00%, 01/22/30(b) |
20 | 16,741 | ||||||
|
Standard Chartered PLC, 4.64%, 04/01/31 (Call 04/01/30), (1 year CMT + 3.850%)(a)(b) |
100 | 94,025 | ||||||
|
State Street Corp. |
||||||||
|
2.20%, 03/03/31 |
5 | 4,020 | ||||||
|
2.40%, 01/24/30 |
10 | 8,551 | ||||||
|
2.62%,
02/07/33 (Call 02/07/32), |
65 | 53,380 | ||||||
|
3.03%,
11/01/34 (Call 11/01/29), |
15 | 12,823 | ||||||
|
4.16%,
08/04/33 (Call 08/04/32), |
20 | 18,344 | ||||||
|
Sumitomo Mitsui Financial Group Inc. |
||||||||
|
2.14%, 09/23/30 |
25 | 19,601 | ||||||
|
3.04%, 07/16/29 |
40 | 34,655 | ||||||
|
3.94%, 07/19/28 |
25 | 23,366 | ||||||
|
4.31%, 10/16/28 |
15 | 14,214 | ||||||
|
SVB Financial Group |
||||||||
|
1.80%, 02/02/31 (Call 11/02/30) |
35 | 25,955 | ||||||
|
2.10%, 05/15/28 (Call 03/15/28)(c) |
10 | 8,401 | ||||||
|
4.57%,
04/29/33 (Call 04/29/32), |
10 | 9,023 | ||||||
|
Toronto-Dominion Bank (The) |
||||||||
|
2.00%, 09/10/31 |
35 | 27,484 | ||||||
|
2.45%, 01/12/32 |
10 | 8,103 | ||||||
|
3.20%, 03/10/32 |
20 | 17,204 | ||||||
|
4.46%, 06/08/32 |
30 | 28,259 | ||||||
|
Truist Financial Corp. |
||||||||
|
3.88%, 03/19/29 (Call 02/19/29) |
15 | 13,928 | ||||||
|
4.92%,
07/28/33 (Call 07/28/32), |
20 | 18,851 | ||||||
|
5.12%, 01/26/34 (Call 01/26/33) |
15 | 14,597 | ||||||
|
6.12%,
10/28/33 (Call 10/28/32), |
25 | 26,190 | ||||||
|
U.S. Bancorp. |
||||||||
|
1.38%, 07/22/30 (Call 04/22/30) |
50 | 38,765 | ||||||
|
2.49%,
11/03/36 (Call 11/03/31), |
20 | 15,381 | ||||||
|
3.00%, 07/30/29 (Call 04/30/29) |
25 | 21,963 | ||||||
|
4.84%, 02/01/34 (Call 02/01/33) |
50 | 47,852 | ||||||
|
4.97%,
07/22/33 (Call 07/22/32), |
25 | 23,839 | ||||||
|
5.85%,
10/21/33 (Call 10/21/32), |
10 | 10,302 | ||||||
|
UBS Group AG |
||||||||
|
2.10%,
02/11/32 (Call 02/11/31), |
20 | 15,422 | ||||||
|
3.13%,
08/13/30 (Call 08/13/29), |
200 | 171,914 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Banks (continued) | ||||||||
|
UniCredit SpA |
||||||||
|
5.46%,
06/30/35 (Call 06/30/30), |
$ | 20 | $ | 16,932 | ||||
|
7.30%,
04/02/34 (Call 04/02/29), |
20 | 18,835 | ||||||
|
Webster
Financial Corp., 4.10%, 03/25/29 |
25 | 22,995 | ||||||
|
Wells Fargo & Co. |
||||||||
|
2.57%,
02/11/31 (Call 02/11/30), |
35 | 29,175 | ||||||
|
2.88%,
10/30/30 (Call 10/30/29), |
60 | 51,052 | ||||||
|
3.35%,
03/02/33 (Call 03/02/32), |
75 | 63,436 | ||||||
|
4.15%, 01/24/29 (Call 10/24/28) |
45 | 42,147 | ||||||
|
4.48%,
04/04/31 (Call 04/04/30), |
15 | 14,096 | ||||||
|
4.90%,
07/25/33 (Call 07/25/32), |
50 | 47,713 | ||||||
|
Westpac Banking Corp. |
||||||||
|
2.15%, 06/03/31 |
55 | 45,746 | ||||||
|
2.67%, 11/15/35 (Call 11/15/30), (5 year CMT + 1.750%)(a) |
35 | 26,875 | ||||||
|
4.11%, 07/24/34 (Call 07/24/29), (5 year CMT + 2.000%)(a) |
51 | 45,039 | ||||||
|
5.41%,
08/10/33 (Call 08/10/32), |
10 | 9,584 | ||||||
|
Wintrust Financial Corp., 4.85%, 06/06/29 |
10 |
|
9,116
|
| ||||
|
|
|
|||||||
|
|
5,929,216 |
| ||||||
| Beverages — 0.4% | ||||||||
|
Anheuser-Busch InBev Worldwide Inc. |
||||||||
|
3.50%, 06/01/30 (Call 03/01/30) |
35 | 31,872 | ||||||
|
4.00%, 04/13/28 (Call 01/13/28) |
37 | 35,334 | ||||||
|
4.75%, 01/23/29 (Call 10/23/28) |
65 | 63,944 | ||||||
|
Central American Bottling Corp./CBC Bottling Holdco SL/Beliv |
||||||||
|
Holdco SL, 5.25%, 04/27/29 (Call 04/27/26)(d) |
60 | 55,146 | ||||||
|
Coca-Cola Co. (The) |
||||||||
|
1.00%, 03/15/28 |
25 | 20,936 | ||||||
|
2.13%, 09/06/29 |
75 | 64,142 | ||||||
|
2.25%, 01/05/32 |
45 | 37,149 | ||||||
|
3.45%, 03/25/30 |
15 | 13,794 | ||||||
|
Constellation Brands Inc. |
||||||||
|
2.88%, 05/01/30 (Call 02/01/30) |
10 | 8,491 | ||||||
|
3.15%, 08/01/29 (Call 05/01/29) |
30 | 26,323 | ||||||
|
4.65%, 11/15/28 (Call 08/15/28) |
25 | 24,167 | ||||||
|
Keurig Dr Pepper Inc. |
||||||||
|
3.20%, 05/01/30 (Call 02/01/30) |
15 | 13,061 | ||||||
|
3.95%, 04/15/29 (Call 02/15/29) |
70 | 64,737 | ||||||
|
4.05%, 04/15/32 (Call 01/15/32) |
10 | 9,042 | ||||||
|
PepsiCo Inc. |
||||||||
|
1.63%, 05/01/30 (Call 02/01/30) |
15 | 12,177 | ||||||
|
1.95%, 10/21/31 (Call 07/21/31) |
30 | 24,153 | ||||||
|
2.63%, 07/29/29 (Call 04/29/29) |
75 | 66,192 | ||||||
|
2.75%, 03/19/30 (Call 12/19/29) |
60 | 52,896 | ||||||
|
4.45%, 02/15/33 (Call 11/15/32) |
10 | 9,839 | ||||||
|
Primo Water Holdings Inc., 4.38%, 04/30/29 (Call 04/30/24)(b) |
6 | 5,147 | ||||||
|
Triton Water Holdings Inc., 6.25%, 04/01/29 (Call 04/01/24)(b) |
11 |
|
8,738
|
| ||||
|
|
|
|||||||
|
|
647,280 |
| ||||||
| Biotechnology — 0.2% | ||||||||
|
Amgen Inc. |
||||||||
|
1.65%, 08/15/28 (Call 06/15/28) |
65 | 54,436 | ||||||
|
2.00%, 01/15/32 (Call 10/15/31) |
45 | 34,820 | ||||||
| Security | Par (000) |
Value | ||||||
| Biotechnology (continued) | ||||||||
|
2.45%, 02/21/30 (Call 11/21/29) |
$ | 25 | $ | 20,989 | ||||
|
3.35%, 02/22/32 (Call 11/22/31) |
10 | 8,661 | ||||||
|
5.25%, 03/02/30 (Call 01/02/30) |
45 | 44,773 | ||||||
|
5.25%, 03/02/33 (Call 12/02/32) |
50 | 49,629 | ||||||
|
Biogen Inc., 2.25%, 05/01/30 (Call 02/01/30) |
30 | 24,299 | ||||||
|
CSL Finance PLC, 4.25%, 04/27/32 (Call 01/27/32)(b) |
20 | 18,729 | ||||||
|
Emergent
BioSolutions Inc., 3.88%, 08/15/28 |
6 | 3,552 | ||||||
|
Gilead
Sciences Inc., 1.65%, 10/01/30 |
20 | 15,806 | ||||||
|
Grifols
Escrow Issuer SA, 4.75%, 10/15/28 |
10 | 8,543 | ||||||
|
Regeneron
Pharmaceuticals Inc., 1.75%, 09/15/30 |
50 | 38,924 | ||||||
|
Royalty
Pharma PLC, 2.15%, 09/02/31 |
30 |
|
22,834
|
| ||||
|
|
|
|||||||
|
|
345,995 |
| ||||||
| Building Materials — 0.2% | ||||||||
|
Boise
Cascade Co., 4.88%, 07/01/30 |
8 | 7,029 | ||||||
|
Builders FirstSource Inc. |
||||||||
|
4.25%, 02/01/32 (Call 08/01/26)(b) |
15 | 12,588 | ||||||
|
5.00%, 03/01/30 (Call 03/01/25)(b) |
10 | 9,019 | ||||||
|
6.38%, 06/15/32 (Call 06/15/27)(b) |
10 | 9,613 | ||||||
|
Camelot
Return Merger Sub Inc., 8.75%, 08/01/28 |
10 | 9,496 | ||||||
|
Carrier Global Corp., 2.72%, 02/15/30 (Call 11/15/29) |
15 | 12,651 | ||||||
|
Cornerstone
Building Brands Inc., 6.13%, 01/15/29 |
5 | 3,629 | ||||||
|
CP
Atlas Buyer Inc., 7.00%, 12/01/28 |
5 | 3,747 | ||||||
|
Fortune
Brands Home & Security Inc., |
25 | 21,299 | ||||||
|
Griffon Corp., 5.75%, 03/01/28 (Call 03/01/23) |
10 | 9,207 | ||||||
|
Johnson
Controls International PLC/Tyco Fire & Security Finance SCA,
2.00%, 09/16/31 |
55 | 43,381 | ||||||
|
Louisiana-Pacific
Corp., 3.63%, 03/15/29 |
3 | 2,505 | ||||||
|
Martin
Marietta Materials Inc., |
10 | 7,970 | ||||||
|
Masco Corp. |
||||||||
|
2.00%, 10/01/30 (Call 07/01/30) |
15 | 11,699 | ||||||
|
2.00%, 02/15/31 (Call 11/15/30) |
25 | 19,350 | ||||||
|
Masonite International Corp. |
||||||||
|
3.50%, 02/15/30 (Call 08/15/29)(b) |
5 | 4,084 | ||||||
|
5.38%, 02/01/28 (Call 03/31/23)(b) |
5 | 4,695 | ||||||
|
MIWD
Holdco II LLC/MIWD Finance Corp., |
5 | 4,071 | ||||||
|
Mohawk
Industries Inc., 3.63%, 05/15/30 |
10 | 8,727 | ||||||
|
New Enterprise Stone & Lime Co. Inc. |
||||||||
|
5.25%, 07/15/28 (Call 07/15/24)(b) |
4 | 3,664 | ||||||
|
9.75%, 07/15/28 (Call 07/15/23)(b) |
2 | 1,914 | ||||||
|
Oscar
AcquisitionCo LLC/Oscar Finance Inc., |
7 | 6,204 | ||||||
|
Owens Corning, 3.95%, 08/15/29 (Call 05/15/29) |
25 | 22,951 | ||||||
|
PGT
Innovations Inc., 4.38%, 10/01/29 |
7 | 5,897 | ||||||
|
SRM
Escrow Issuer LLC, 6.00%, 11/01/28 |
18 | 15,981 | ||||||
|
Standard Industries Inc./NJ |
||||||||
|
3.38%, 01/15/31 (Call 07/15/25)(b) |
13 | 9,967 | ||||||
|
4.38%, 07/15/30 (Call 07/15/25)(b) |
27 | 22,476 | ||||||
|
4.75%, 01/15/28 (Call 01/15/24)(b) |
7 | 6,284 | ||||||
|
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 (Call 07/15/23)(b) |
5 | 4,601 | ||||||
|
Trane
Technologies Global Holding Co. Ltd., |
5 | 4,707 | ||||||
| 14 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Building Materials (continued) | ||||||||
|
Trane Technologies Luxembourg Finance SA, 3.80%, 03/21/29 (Call 12/21/28) |
$ | 30 | $ | 27,636 | ||||
|
Victors Merger Corp., 6.38%, 05/15/29 (Call 05/15/24)(b) |
5 | 3,147 | ||||||
|
|
|
|||||||
| 340,189 | ||||||||
| Chemicals — 0.4% | ||||||||
|
Air Products and Chemicals Inc. |
||||||||
|
2.05%, 05/15/30 (Call 02/15/30) |
30 | 25,069 | ||||||
|
4.80%, 03/03/33 (Call 12/03/32) |
10 | 9,974 | ||||||
|
Ashland LLC, 3.38%, 09/01/31 (Call 06/01/31)(b) |
10 | 7,969 | ||||||
|
ASP Unifrax Holdings Inc |
||||||||
|
5.25%, 09/30/28 (Call 09/30/24)(b) |
11 | 8,536 | ||||||
|
7.50%, 09/30/29 (Call 09/30/24)(b) |
3 | 2,047 | ||||||
|
Avient Corp., 7.13%, 08/01/30 (Call 08/01/25)(b) |
10 | 10,019 | ||||||
|
Axalta
Coating Systems LLC, 3.38%, 02/15/29 |
5 | 4,163 | ||||||
|
Cabot Corp., 4.00%, 07/01/29 (Call 04/01/29) |
5 | 4,504 | ||||||
|
Celanese
U.S. Holdings LLC, 6.38%, 07/15/32 |
35 | 33,981 | ||||||
|
Chemours Co. (The) |
||||||||
|
4.63%, 11/15/29 (Call 11/15/24)(b) |
15 | 12,189 | ||||||
|
5.75%, 11/15/28 (Call 11/15/23)(b) |
6 | 5,274 | ||||||
|
CNAC HK Finbridge Co. Ltd., 3.00%, 09/22/30(d) |
200 | 165,842 | ||||||
|
Consolidated
Energy Finance SA, 5.63%, 10/15/28 |
4 | 3,421 | ||||||
|
CVR Partners LP/CVR Nitrogen Finance Corp., 6.13%, 06/15/28 (Call 06/15/24)(b) |
5 | 4,486 | ||||||
|
Diamond BC BV, 4.63%, 10/01/29 (Call 10/01/24)(b)(c) |
5 | 4,052 | ||||||
|
Dow Chemical Co. (The) |
||||||||
|
2.10%, 11/15/30 (Call 08/15/30) |
20 | 16,161 | ||||||
|
4.80%, 11/30/28 (Call 08/30/28) |
10 | 9,805 | ||||||
|
DuPont de Nemours Inc., 4.73%, 11/15/28 (Call 08/15/28) |
40 | 39,321 | ||||||
|
Eastman Chemical Co., 5.75%, 03/08/33 (Call 12/08/32) |
10 | 9,930 | ||||||
|
Ecolab Inc., 2.13%, 02/01/32 (Call 11/01/31)(c) |
25 | 19,946 | ||||||
|
Element Solutions Inc., 3.88%, 09/01/28 (Call 09/01/23)(b) |
11 | 9,530 | ||||||
|
EverArc Escrow Sarl, 5.00%, 10/30/29 (Call 10/30/24)(b) |
10 | 7,958 | ||||||
|
HB Fuller Co., 4.25%, 10/15/28 (Call 10/15/23) |
2 | 1,754 | ||||||
|
Huntsman International LLC |
||||||||
|
2.95%, 06/15/31 (Call 03/15/31) |
5 | 3,979 | ||||||
|
4.50%, 05/01/29 (Call 02/01/29) |
20 | 18,231 | ||||||
|
Illuminate Buyer LLC/Illuminate Holdings IV Inc., 9.00%, 07/01/28 (Call 07/01/23)(b) |
5 | 4,475 | ||||||
|
Ingevity Corp., 3.88%, 11/01/28 (Call 11/01/23)(b) |
5 | 4,288 | ||||||
|
International Flavors & Fragrances Inc. |
||||||||
|
2.30%, 11/01/30 (Call 08/01/30)(b) |
25 | 19,296 | ||||||
|
4.45%, 09/26/28 (Call 06/26/28) |
5 | 4,658 | ||||||
|
Iris Holdings Inc., 10.00%, 12/15/28 (Call 06/15/25)(b)(c) |
5 | 3,789 | ||||||
|
LSF11 A5 HoldCo LLC, 6.63%, 10/15/29 (Call 10/15/24)(b) |
8 | 6,769 | ||||||
|
Methanex Corp., 5.25%, 12/15/29 (Call 09/15/29) |
10 | 9,167 | ||||||
|
Minerals
Technologies Inc., 5.00%, 07/01/28 |
3 | 2,691 | ||||||
|
Nufarm Australia Ltd./Nufarm Americas Inc., 5.00%, 01/27/30 (Call 01/27/25)(b) |
5 | 4,385 | ||||||
|
Nutrien Ltd., 4.20%, 04/01/29 (Call 01/01/29) |
10 | 9,431 | ||||||
|
Olin Corp. |
||||||||
|
5.00%, 02/01/30 (Call 02/01/24)(c) |
5 | 4,557 | ||||||
|
5.63%, 08/01/29 (Call 08/01/24) |
10 | 9,520 | ||||||
|
Olympus Water U.S. Holding Corp. |
||||||||
|
4.25%, 10/01/28 (Call 10/01/24)(b) |
5 | 4,184 | ||||||
|
6.25%, 10/01/29 (Call 10/01/24)(b)(c) |
7 | 5,700 | ||||||
|
PPG Industries Inc., 2.80%, 08/15/29 (Call 05/15/29) |
20 | 17,220 | ||||||
| Security | Par (000) |
Value | ||||||
| Chemicals (continued) | ||||||||
|
RPM International Inc., 2.95%, 01/15/32 (Call 10/15/31) |
$ | 20 | $ | 15,791 | ||||
|
SCIH Salt Holdings Inc. |
||||||||
|
4.88%, 05/01/28 (Call 05/01/24)(b) |
8 | 6,934 | ||||||
|
6.63%, 05/01/29 (Call 05/01/24)(b) |
10 | 8,144 | ||||||
|
Sherwin-Williams Co. (The) |
||||||||
|
2.20%, 03/15/32 (Call 12/15/31) |
10 | 7,818 | ||||||
|
2.95%, 08/15/29 (Call 05/15/29) |
10 | 8,668 | ||||||
|
SPCM SA, 3.38%, 03/15/30 (Call 03/15/25)(b) |
5 | 4,180 | ||||||
|
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc., 5.13%, 04/01/29 (Call 04/01/24)(b)(c) |
5 | 3,341 | ||||||
|
Tronox Inc., 4.63%, 03/15/29 (Call 03/15/24)(b) |
13 | 10,589 | ||||||
|
Valvoline Inc. |
||||||||
|
3.63%, 06/15/31 (Call 06/15/26)(b) |
5 | 4,043 | ||||||
|
4.25%, 02/15/30 (Call 02/15/25)(b) |
5 | 4,885 | ||||||
|
Vibrantz
Technologies Inc., 9.00%, 02/15/30 |
11 | 8,593 | ||||||
|
WR Grace Holdings LLC |
||||||||
|
5.63%, 08/15/29 (Call 08/15/24)(b) |
19 | 15,312 | ||||||
|
7.38%, 03/01/31 (Call 03/01/26) |
5 | 4,964 | ||||||
|
Yara International ASA, 4.75%, 06/01/28 (Call 03/01/28)(b) |
21 | 19,818 | ||||||
|
YPF SA, 9.00%, 06/30/29 (Call 12/30/28)(d) |
25 | 21,692 | ||||||
|
|
|
|||||||
| 693,043 | ||||||||
| Coal — 0.0% | ||||||||
|
SunCoke Energy Inc., 4.88%, 06/30/29 (Call 06/30/24)(b) |
5 | 4,258 | ||||||
|
Warrior Met Coal Inc., 7.88%, 12/01/28 (Call 12/01/24)(b) |
3 | 3,000 | ||||||
|
|
|
|||||||
| 7,258 | ||||||||
| Commercial Services — 0.5% | ||||||||
|
ADT Security Corp. (The) |
||||||||
|
4.13%, 08/01/29 (Call 08/01/28)(b) |
7 | 6,021 | ||||||
|
4.88%, 07/15/32(b) |
15 | 12,867 | ||||||
|
Adtalem
Global Education Inc., 5.50%, 03/01/28 |
3 | 2,771 | ||||||
|
Allied Universal Holdco LLC/Allied Universal Finance Corp., 6.00%, 06/01/29 (Call 06/01/24)(b)(c) |
12 | 9,001 | ||||||
|
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl 4.63%, 06/01/28 (Call 06/01/24)(b) |
30 | 24,983 | ||||||
|
AMN Healthcare Inc., 4.00%, 04/15/29 (Call 04/15/24)(b)(c) |
5 | 4,260 | ||||||
|
APi Group DE Inc., 4.13%, 07/15/29 (Call 07/15/24)(b)(c) |
5 | 4,301 | ||||||
|
APX Group Inc., 5.75%, 07/15/29 (Call 07/15/24)(b) |
11 | 9,208 | ||||||
|
ASGN Inc., 4.63%, 05/15/28 (Call 05/15/23)(b) |
5 | 4,517 | ||||||
|
Avis Budget Car Rental LLC/Avis Budget Finance Inc. |
||||||||
|
4.75%, 04/01/28 (Call 04/01/24)(b)(c) |
5 | 4,451 | ||||||
|
5.38%, 03/01/29 (Call 03/01/24)(b)(c) |
7 | 6,340 | ||||||
|
Block Financial LLC, 3.88%, 08/15/30 (Call 05/15/30) |
15 | 13,136 | ||||||
|
Block Inc., 3.50%, 06/01/31 (Call 03/01/31) |
13 | 10,507 | ||||||
|
Carriage Services Inc., 4.25%, 05/15/29 (Call 05/15/24)(b) |
3 | 2,410 | ||||||
|
CoreLogic Inc., 4.50%, 05/01/28 (Call 05/01/24)(b)(c) |
10 | 7,703 | ||||||
|
Deluxe Corp., 8.00%, 06/01/29 (Call 06/01/24)(b) |
10 | 8,382 | ||||||
|
Equifax Inc., 2.35%, 09/15/31 (Call 06/15/31) |
25 | 19,675 | ||||||
|
Garda World Security Corp. |
||||||||
|
6.00%, 06/01/29 (Call 06/01/24)(b) |
5 | 4,094 | ||||||
|
7.75%, 02/15/28 (Call 02/15/25)(b) |
5 | 4,906 | ||||||
|
Gartner Inc. |
||||||||
|
3.63%, 06/15/29 (Call 06/15/24)(b) |
5 | 4,328 | ||||||
|
3.75%, 10/01/30 (Call 10/01/25)(b) |
16 | 13,605 | ||||||
|
4.50%, 07/01/28 (Call 07/01/23)(b) |
6 | 5,523 | ||||||
|
GEO Group, Inc. (The), 10.50%, 06/30/28 (Call 06/30/23) |
10 | 10,173 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Commercial Services (continued) | ||||||||
|
Global Payments Inc. |
||||||||
|
2.90%, 05/15/30 (Call 02/15/30) |
$ | 20 | $ | 16,460 | ||||
|
3.20%, 08/15/29 (Call 05/15/29) |
20 | 17,007 | ||||||
|
4.45%, 06/01/28 (Call 03/01/28) |
60 | 56,039 | ||||||
|
5.40%, 08/15/32 (Call 05/15/32) |
5 | 4,783 | ||||||
|
Grand
Canyon University, 5.13%, 10/01/28 |
3 | 2,735 | ||||||
|
GXO Logistics Inc., 2.65%, 07/15/31 (Call 04/15/31) |
35 | 26,561 | ||||||
|
HealthEquity Inc., 4.50%, 10/01/29 (Call 10/01/24)(b) |
5 | 4,369 | ||||||
|
Hertz Corp. (The), 5.00%, 12/01/29 (Call 12/01/24)(b) |
18 | 14,942 | ||||||
|
Metis
Merger Sub LLC, 6.50%, 05/15/29 |
10 | 8,102 | ||||||
|
Moody’s Corp. |
||||||||
|
4.25%, 02/01/29 (Call 11/01/28) |
5 | 4,755 | ||||||
|
4.25%, 08/08/32 (Call 05/08/32) |
15 | 13,882 | ||||||
|
MPH Acquisition Holdings LLC |
||||||||
|
5.50%, 09/01/28 (Call 09/01/24)(b) |
15 | 11,334 | ||||||
|
5.75%, 11/01/28 (Call 11/01/23)(b)(c) |
17 | 11,053 | ||||||
|
Neptune
Bidco U.S. Inc., 9.29%, 04/15/29 |
50 | 47,303 | ||||||
|
NESCO
Holdings II Inc., 5.50%, 04/15/29 |
12 | 10,695 | ||||||
|
PayPal Holdings Inc. |
||||||||
|
2.30%, 06/01/30 (Call 03/01/30) |
20 | 16,479 | ||||||
|
2.85%, 10/01/29 (Call 07/01/29) |
20 | 17,360 | ||||||
|
4.40%, 06/01/32 (Call 03/01/32) |
10 | 9,412 | ||||||
|
Paysafe Finance PLC/Paysafe Holdings U.S. Corp., 4.00%, 06/15/29 (Call 06/15/24)(b)(c) |
3 | 2,392 | ||||||
|
PECF
USS Intermediate Holding III Corp., |
9 | 6,376 | ||||||
|
PROG Holdings Inc., 6.00%, 11/15/29 (Call 11/15/24)(b) |
5 | 4,250 | ||||||
|
Quanta Services Inc., 2.90%, 10/01/30 (Call 07/01/30) |
25 | 20,701 | ||||||
|
RELX Capital Inc., 3.00%, 05/22/30 (Call 02/22/30) |
35 | 30,143 | ||||||
|
Rent-A-Center Inc./TX, 6.38%,
02/15/29 |
5 | 4,267 | ||||||
|
S&P Global Inc. |
||||||||
|
2.50%, 12/01/29 (Call 09/01/29) |
25 | 21,484 | ||||||
|
2.90%, 03/01/32 |
10 | 8,559 | ||||||
|
4.75%, 08/01/28 |
20 | 19,837 | ||||||
|
Service Corp. International/U.S. |
||||||||
|
3.38%, 08/15/30 (Call 08/15/25) |
10 | 8,123 | ||||||
|
4.00%, 05/15/31 (Call 05/15/26) |
10 | 8,445 | ||||||
|
5.13%, 06/01/29 (Call 06/01/24)(c) |
15 | 14,039 | ||||||
|
Signal Parent Inc., 6.13%, 04/01/29 (Call 04/01/24)(b) |
3 | 1,325 | ||||||
|
Sotheby’s/Bidfair
Holdings Inc., 5.88%, 06/01/29 |
5 | 4,202 | ||||||
|
TriNet Group Inc., 3.50%, 03/01/29 (Call 03/01/24)(b) |
5 | 4,190 | ||||||
|
Triton
Container International Ltd., 3.15%, 06/15/31 |
10 | 7,835 | ||||||
|
United Rentals North America Inc. |
||||||||
|
3.75%, 01/15/32 (Call 07/15/26) |
6 | 5,039 | ||||||
|
3.88%, 02/15/31 (Call 08/15/25) |
18 | 15,494 | ||||||
|
4.00%, 07/15/30 (Call 07/15/25) |
5 | 4,408 | ||||||
|
5.25%, 01/15/30 (Call 01/15/25) |
5 | 4,738 | ||||||
|
6.00%, 12/15/29 (Call 12/15/25)(b) |
50 | 50,011 | ||||||
|
Verisk Analytics Inc., 4.13%, 03/15/29 (Call 12/15/28) |
10 | 9,210 | ||||||
|
Williams
Scotsman International Inc., 4.63%, 08/15/28 |
5 | 4,518 | ||||||
|
WW
International Inc., 4.50%, 04/15/29 |
5 | 2,570 | ||||||
|
ZipRecruiter Inc., 5.00%, 01/15/30 (Call 01/15/25)(b)(c) |
5 | 4,199 | ||||||
|
|
|
|||||||
| 752,788 | ||||||||
|
Computers — 0.4% |
||||||||
|
Ahead
DB Holdings LLC, 6.63%, 05/01/28 |
3 | 2,532 | ||||||
|
Apple Inc. |
||||||||
|
1.40%, 08/05/28 (Call 06/05/28) |
25 | 21,128 | ||||||
| Security | Par (000) |
Value | ||||||
| Computers (continued) | ||||||||
|
1.65%, 05/11/30 (Call 02/11/30) |
$ | 25 | $ | 20,420 | ||||
|
1.70%, 08/05/31 (Call 05/05/31) |
40 | 31,794 | ||||||
|
2.20%, 09/11/29 (Call 06/11/29) |
20 | 17,191 | ||||||
|
3.25%, 08/08/29 (Call 06/08/29) |
5 | 4,597 | ||||||
|
3.35%, 08/08/32 (Call 05/08/32)(c) |
80 | 72,134 | ||||||
|
Booz Allen Hamilton Inc. |
||||||||
|
3.88%, 09/01/28 (Call 09/01/23)(b) |
15 | 13,309 | ||||||
|
4.00%, 07/01/29 (Call 07/01/24)(b) |
20 | 17,540 | ||||||
|
Condor
Merger Sub Inc., 7.38%, 02/15/30 |
25 | 19,781 | ||||||
|
Conduent Business Services LLC/Conduent State & Local Solutions Inc., 6.00%, 11/01/29 (Call 11/01/24)(b) |
9 | 7,340 | ||||||
|
Crowdstrike Holdings Inc., 3.00%, 02/15/29 (Call 02/15/24) |
6 | 5,055 | ||||||
|
Dell Inc., 7.10%, 04/15/28 |
15 | 15,975 | ||||||
|
Dell
International LLC/EMC Corp., 6.20%, 07/15/30 |
25 | 25,366 | ||||||
|
HP Inc. |
||||||||
|
2.65%, 06/17/31 (Call 03/17/31) |
5 | 3,924 | ||||||
|
3.40%, 06/17/30 (Call 03/17/30) |
50 | 42,668 | ||||||
|
4.20%, 04/15/32 (Call 01/15/32) |
20 | 17,201 | ||||||
|
5.50%, 01/15/33 (Call 10/15/32) |
15 | 14,160 | ||||||
|
International Business Machines Corp., 1.95%, 05/15/30 (Call 02/15/30) |
100 | 80,551 | ||||||
|
KBR Inc., 4.75%, 09/30/28 (Call 09/21/23)(b) |
2 | 1,801 | ||||||
|
Kyndryl Holdings Inc., 3.15%, 10/15/31 (Call 07/15/31) |
20 | 14,922 | ||||||
|
Leidos Inc., 2.30%, 02/15/31 (Call 11/15/30) |
10 | 7,812 | ||||||
|
Lenovo Group Ltd., 3.42%, 11/02/30 (Call 08/02/30)(d) |
200 | 163,654 | ||||||
|
NCR Corp. |
||||||||
|
5.00%, 10/01/28 (Call 08/20/23)(b) |
7 | 6,065 | ||||||
|
5.13%, 04/15/29 (Call 04/15/24)(b) |
20 | 17,079 | ||||||
|
5.25%, 10/01/30 (Call 10/01/25)(b) |
3 | 2,510 | ||||||
|
6.13%, 09/01/29 (Call 09/01/24)(b) |
10 | 9,722 | ||||||
|
NetApp Inc., 2.70%, 06/22/30 (Call 03/22/30) |
25 | 20,855 | ||||||
|
Science Applications International Corp., 4.88%, 04/01/28 (Call 04/01/23)(b) |
8 | 7,319 | ||||||
|
Seagate HDD Cayman |
||||||||
|
4.09%, 06/01/29 (Call 03/01/29) |
5 | 4,302 | ||||||
|
4.13%, 01/15/31 (Call 10/15/30) |
5 | 4,149 | ||||||
|
9.63%, 12/01/32 (Call 12/01/27) |
13 | 14,044 | ||||||
|
Virtusa Corp., 7.13%, 12/15/28 (Call 12/15/23)(b) |
8 | 6,670 | ||||||
|
Western Digital Corp. |
||||||||
|
2.85%, 02/01/29 (Call 12/01/28) |
10 | 7,863 | ||||||
|
3.10%, 02/01/32 (Call 11/01/31) |
10 | 7,201 | ||||||
|
|
|
|||||||
| 728,634 | ||||||||
| Cosmetics & Personal Care — 0.1% | ||||||||
|
Colgate-Palmolive Co., 4.60%, 03/01/33 (Call 12/01/32) |
4 | 3,996 | ||||||
|
Coty
Inc./HFC Prestige Products Inc./HFC Prestige International U.S. LLC,
4.75%, 01/15/29 |
5 | 4,517 | ||||||
|
Edgewell Personal Care Co. |
||||||||
|
4.13%, 04/01/29 (Call 04/01/24)(b) |
10 | 8,501 | ||||||
|
5.50%, 06/01/28 (Call 06/01/23)(b) |
5 | 4,672 | ||||||
|
Estee
Lauder Companies Inc. (The), 2.38%, 12/01/29 |
5 | 4,280 | ||||||
|
Procter & Gamble Co. (The) |
||||||||
|
2.30%, 02/01/32 |
50 | 42,182 | ||||||
|
3.00%, 03/25/30 |
35 | 31,670 | ||||||
|
Unilever Capital Corp., 1.75%, 08/12/31 (Call 05/12/31) |
100 | 79,170 | ||||||
|
|
|
|||||||
| 178,988 | ||||||||
| 16 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Distribution & Wholesale — 0.0% | ||||||||
|
American Builders & Contractors Supply Co. Inc., 3.88%, 11/15/29 (Call 11/15/24)(b) |
$ | 5 | $ | 4,127 | ||||
|
H&E
Equipment Services Inc., 3.88%, 12/15/28 |
13 | 11,195 | ||||||
|
Resideo Funding Inc., 4.00%, 09/01/29 (Call 09/01/24)(b) |
7 | 5,748 | ||||||
|
|
|
|||||||
| 21,070 | ||||||||
| Diversified Financial Services — 1.1% | ||||||||
|
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.00%, 10/29/28 (Call 08/29/28) |
150 | 127,821 | ||||||
|
AG Issuer LLC, 6.25%, 03/01/28 (Call 03/01/23)(b) |
5 | 4,682 | ||||||
|
Air Lease Corp., 2.10%, 09/01/28 (Call 07/01/28) |
70 | 57,852 | ||||||
|
Ally Financial Inc. |
||||||||
|
6.70%, 02/14/33 (Call 11/16/32) |
5 | 4,737 | ||||||
|
8.00%, 11/01/31 |
55 | 59,526 | ||||||
| American Express Co. | ||||||||
|
4.05%, 05/03/29 (Call 03/03/29) |
10 | 9,478 | ||||||
|
4.42%,
08/03/33 (Call 08/03/32), |
15 | 14,032 | ||||||
|
4.99%,
05/26/33 (Call 05/26/32), |
25 | 23,934 | ||||||
|
Ares
Finance Co. II LLC, 3.25%, 06/15/30 |
10 | 8,353 | ||||||
|
Aretec
Escrow Issuer Inc., 7.50%, 04/01/29 |
3 | 2,622 | ||||||
|
Armor Holdco Inc., 8.50%, 11/15/29 (Call 11/15/24)(b) |
3 | 2,554 | ||||||
|
Blackstone Holdings Finance Co. LLC |
||||||||
|
1.63%, 08/05/28 (Call 06/05/28)(b) |
10 | 8,222 | ||||||
|
2.00%, 01/30/32 (Call 10/30/31)(b) |
10 | 7,466 | ||||||
|
2.50%, 01/10/30 (Call 10/10/29)(b) |
70 | 57,186 | ||||||
|
2.55%, 03/30/32 (Call 12/30/31)(b) |
5 | 3,947 | ||||||
|
Blue Owl Finance LLC, 4.38%, 02/15/32 (Call 11/15/31)(b) |
20 | 16,492 | ||||||
|
Brookfield Finance Inc. |
||||||||
|
4.35%, 04/15/30 (Call 01/15/30) |
25 | 23,032 | ||||||
|
4.85%, 03/29/29 (Call 12/29/28) |
25 | 24,055 | ||||||
|
Burford Capital Global Finance LLC |
||||||||
|
6.25%, 04/15/28 (Call 04/15/24)(b) |
5 | 4,389 | ||||||
|
6.88%, 04/15/30 (Call 04/15/25)(b) |
5 | 4,307 | ||||||
|
Capital One Financial Corp. |
||||||||
|
2.36%,
07/29/32 (Call 07/29/31), |
55 | 40,334 | ||||||
|
2.62%,
11/02/32 (Call 11/02/31), |
5 | 3,883 | ||||||
|
3.27%,
03/01/30 (Call 03/01/29), |
35 | 30,254 | ||||||
|
5.47%,
02/01/29 (Call 02/01/28), |
15 | 14,717 | ||||||
|
5.82%,
02/01/34 (Call 02/01/33), |
25 | 24,276 | ||||||
|
Charles Schwab Corp. (The) |
||||||||
|
1.95%, 12/01/31 (Call 09/01/31) |
40 | 31,347 | ||||||
|
2.90%, 03/03/32 (Call 12/03/31) |
50 | 42,307 | ||||||
|
3.25%, 05/22/29 (Call 02/22/29) |
10 | 9,068 | ||||||
|
4.00%, 02/01/29 (Call 11/01/28) |
5 | 4,725 | ||||||
|
CI Financial Corp., 3.20%, 12/17/30 (Call 09/17/30) |
30 | 22,705 | ||||||
|
CME Group Inc., 3.75%, 06/15/28 (Call 03/15/28) |
10 | 9,544 | ||||||
|
Cobra
AcquisitionCo LLC, 6.38%, 11/01/29 |
8 | 5,098 | ||||||
|
Coinbase Global Inc. |
||||||||
|
3.38%, 10/01/28 (Call 10/01/24)(b) |
17 | 11,137 | ||||||
|
3.63%, 10/01/31 (Call 10/01/26)(b) |
8 | 4,801 | ||||||
|
Credit Suisse USA Inc., 7.13%, 07/15/32 |
200 | 204,918 | ||||||
|
Curo
Group Holdings Corp., 7.50%, 08/01/28 |
13 | 5,471 | ||||||
| Security | Par (000) |
Value | ||||||
| Diversified Financial Services (continued) | ||||||||
|
Discover
Financial Services, 6.70%, 11/29/32 |
$ | 30 | $ | 30,998 | ||||
|
GPS Hospitality Holding Co. LLC/GPS Finco Inc., 7.00%, 08/15/28 (Call 08/15/24)(b) |
3 | 1,905 | ||||||
|
Hightower Holding LLC, 6.75%, 04/15/29 (Call 04/13/24)(b) |
3 | 2,554 | ||||||
|
Intercontinental Exchange Inc. |
||||||||
|
2.10%, 06/15/30 (Call 03/15/30) |
15 | 12,180 | ||||||
|
4.35%, 06/15/29 (Call 04/15/29) |
20 | 19,367 | ||||||
|
Jane
Street Group/JSG Finance Inc., 4.50%, 11/15/29 |
10 | 8,771 | ||||||
|
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(b) |
10 | 8,470 | ||||||
|
Jefferies Financial Group Inc., 4.15%, 01/23/30 |
15 | 13,580 | ||||||
|
Jefferies Group LLC, 2.75%, 10/15/32 (Call 07/15/32) |
10 | 7,718 | ||||||
|
Jefferies Group LLC/Jefferies Group Capital Finance Inc., |
||||||||
|
2.63%, 10/15/31 (Call 07/15/31) |
40 | 31,280 | ||||||
|
Lazard Group LLC, 4.38%, 03/11/29 (Call 12/11/28) |
55 | 51,606 | ||||||
|
LD Holdings Group LLC, 6.13%, 04/01/28 (Call 04/01/24)(b) |
5 | 2,961 | ||||||
|
LPL Holdings Inc. |
||||||||
|
4.00%, 03/15/29 (Call 03/15/24)(b) |
10 | 8,814 | ||||||
|
4.38%, 05/15/31 (Call 05/15/26)(b) |
3 | 2,602 | ||||||
|
Mastercard Inc. |
||||||||
|
2.95%, 06/01/29 (Call 03/01/29) |
10 | 8,997 | ||||||
|
3.35%, 03/26/30 (Call 12/26/29) |
40 | 36,694 | ||||||
|
Midcap Financial Issuer Trust |
||||||||
|
5.63%, 01/15/30 (Call 01/15/25)(b) |
3 | 2,361 | ||||||
|
6.50%, 05/01/28 (Call 05/01/24)(b) |
13 | 11,200 | ||||||
|
Morgan Stanley, 5.95%, 01/19/38 (Call 01/19/33) |
25 | 24,367 | ||||||
|
Nationstar Mortgage Holdings Inc. |
||||||||
|
5.13%, 12/15/30 (Call 12/15/25)(b) |
5 | 3,867 | ||||||
|
5.50%, 08/15/28 (Call 08/15/23)(b) |
6 | 5,103 | ||||||
|
5.75%, 11/15/31 (Call 11/15/26)(b) |
14 | 10,971 | ||||||
|
Navient Corp. |
||||||||
|
4.88%, 03/15/28 (Call 06/15/27) |
5 | 4,253 | ||||||
|
5.50%, 03/15/29 (Call 06/15/28) |
10 | 8,479 | ||||||
|
NFP Corp. |
||||||||
|
4.88%, 08/15/28 (Call 08/15/23)(b) |
5 | 4,390 | ||||||
|
6.88%, 08/15/28 (Call 08/15/23)(b) |
25 | 21,287 | ||||||
|
7.50%, 10/01/30 (Call 10/01/25)(b) |
10 | 9,539 | ||||||
|
Nomura Holdings Inc., 5.61%, 07/06/29 |
100 | 98,556 | ||||||
|
Nuveen LLC, 4.00%, 11/01/28 (Call 08/01/28)(b) |
20 | 18,848 | ||||||
|
OneMain Finance Corp. |
||||||||
|
3.88%, 09/15/28 (Call 09/15/24) |
10 | 7,997 | ||||||
|
4.00%, 09/15/30 (Call 09/15/25) |
21 | 16,035 | ||||||
|
5.38%, 11/15/29 (Call 05/15/29) |
10 | 8,424 | ||||||
|
ORIX Corp., 5.20%, 09/13/32 |
25 | 24,823 | ||||||
|
PennyMac Financial Services Inc. |
||||||||
|
4.25%, 02/15/29 (Call 02/15/24)(b) |
5 | 3,925 | ||||||
|
5.75%, 09/15/31 (Call 09/15/26)(b) |
10 | 7,967 | ||||||
|
Power Finance Corp. Ltd., 3.90%, 09/16/29(d) |
200 | 173,942 | ||||||
|
PRA Group Inc., 5.00%, 10/01/29 (Call 10/01/24)(b) |
8 | 6,813 | ||||||
|
Raymond
James Financial Inc., 4.65%, 04/01/30 |
25 | 24,011 | ||||||
|
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc. |
||||||||
|
3.63%, 03/01/29 (Call 03/09/23)(b) |
10 | 8,062 | ||||||
|
3.88%, 03/01/31 (Call 03/01/26)(b) |
20 | 15,521 | ||||||
|
Stifel Financial Corp., 4.00%, 05/15/30 (Call 02/15/30) |
30 | 26,513 | ||||||
|
Synchrony Financial |
||||||||
|
2.88%, 10/28/31 (Call 07/28/31) |
10 | 7,526 | ||||||
|
5.15%, 03/19/29 (Call 12/19/28) |
40 | 37,584 | ||||||
|
7.25%, 02/02/33 (Call 11/02/32) |
10 | 9,603 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Diversified Financial Services (continued) | ||||||||
|
United
Wholesale Mortgage LLC, 5.50%, 04/15/29 |
$ | 7 | $ | 5,796 | ||||
|
Visa Inc., 2.05%, 04/15/30 (Call 01/15/30) |
35 | 29,613 | ||||||
|
VistaJet Malta Finance PLC/XO Management Holding Inc., 6.38%, 02/01/30 (Call 02/01/25)(b)(c) |
13 | 11,429 | ||||||
|
Western
Union Co. (The), 2.75%, 03/15/31 |
15 | 11,657 | ||||||
|
|
|
|||||||
| 1,838,231 | ||||||||
| Electric — 1.3% | ||||||||
|
AES Corp. (The), 2.45%, 01/15/31 (Call 10/15/30) |
10 | 7,946 | ||||||
|
Alliant Energy Finance LLC |
||||||||
|
3.60%, 03/01/32 (Call 12/01/31)(b) |
25 | 21,487 | ||||||
|
4.25%, 06/15/28 (Call 03/15/28)(b) |
10 | 9,316 | ||||||
|
Ameren Corp., 3.50%, 01/15/31 (Call 10/15/30) |
25 | 21,963 | ||||||
|
Ameren Illinois Co., 3.80%, 05/15/28 (Call 02/15/28) |
5 | 4,745 | ||||||
|
American Electric Power Co. Inc. |
||||||||
|
5.63%, 03/01/33 (Call 12/01/32) |
8 | 7,991 | ||||||
|
5.95%, 11/01/32 (Call 08/01/32) |
20 | 20,560 | ||||||
|
Appalachian
Power Co., 4.50%, 08/01/32 |
25 | 23,327 | ||||||
|
Arizona
Public Service Co., 2.20%, 12/15/31 |
25 | 19,216 | ||||||
|
Berkshire
Hathaway Energy Co., 3.70%, 07/15/30 |
50 | 45,973 | ||||||
|
Black Hills Corp., 3.05%, 10/15/29 (Call 07/15/29) |
20 | 17,019 | ||||||
|
Calpine Corp. |
||||||||
|
3.75%, 03/01/31 (Call 03/01/26)(b) |
12 | 9,737 | ||||||
|
4.63%, 02/01/29 (Call 02/01/24)(b) |
5 | 4,215 | ||||||
|
5.00%, 02/01/31 (Call 02/01/26)(b) |
16 | 13,160 | ||||||
|
5.13%, 03/15/28 (Call 03/15/23)(b) |
25 | 22,173 | ||||||
|
CenterPoint
Energy Inc., 2.65%, 06/01/31 |
25 | 20,532 | ||||||
|
Clearway Energy Operating LLC |
||||||||
|
3.75%, 02/15/31 (Call 02/15/26)(b) |
10 | 8,133 | ||||||
|
3.75%, 01/15/32 (Call 01/15/27)(b) |
5 | 3,980 | ||||||
|
4.75%, 03/15/28 (Call 03/15/23)(b) |
11 | 10,105 | ||||||
|
Cleveland Electric Illuminating Co. (The), 4.55%, 11/15/30 (Call 08/15/30)(b) |
10 | 9,454 | ||||||
|
Commonwealth
Edison Co., 3.70%, 08/15/28 |
5 | 4,699 | ||||||
|
Connecticut Light & Power Co. (The), Series A, 2.05%, 07/01/31 (Call 04/01/31) |
15 | 12,111 | ||||||
|
Consolidated Edison Co. of New York Inc. |
||||||||
|
5.20%, 03/01/33 (Call 12/01/32) |
10 | 10,017 | ||||||
|
Series 20A, 3.35%, 04/01/30 (Call 01/01/30) |
25 | 22,339 | ||||||
|
Consumers Energy Co. |
||||||||
|
3.60%, 08/15/32 (Call 02/15/32) |
15 | 13,448 | ||||||
|
3.80%, 11/15/28 (Call 08/15/28) |
10 | 9,430 | ||||||
|
4.63%, 05/15/33 (Call 11/15/32) |
30 | 29,156 | ||||||
|
Dominion Energy Inc. |
||||||||
|
4.25%, 06/01/28 (Call 03/01/28) |
25 | 23,819 | ||||||
|
Series C, 3.38%, 04/01/30 (Call 01/01/30) |
40 | 35,056 | ||||||
|
DPL Inc., 4.35%, 04/15/29 (Call 01/15/29) |
13 | 11,341 | ||||||
|
DTE Electric Co. |
||||||||
|
2.25%, 03/01/30 (Call 12/01/29) |
5 | 4,202 | ||||||
|
5.20%, 04/01/33 (Call 01/01/33) |
10 | 10,013 | ||||||
|
DTE
Energy Co., Series C, 3.40%, 06/15/29 |
12 | 10,656 | ||||||
|
Duke Energy Carolinas LLC |
||||||||
|
2.45%, 08/15/29 (Call 05/15/29) |
15 | 12,766 | ||||||
|
Series A, 6.00%, 12/01/28 |
10 | 10,497 | ||||||
|
Duke Energy Corp. |
||||||||
|
2.45%, 06/01/30 (Call 03/01/30) |
15 | 12,321 | ||||||
|
2.55%, 06/15/31 (Call 03/15/31) |
25 | 20,152 | ||||||
|
4.50%, 08/15/32 (Call 05/15/32) |
10 | 9,262 | ||||||
|
Duke
Energy Florida LLC, 2.50%, 12/01/29 |
35 | 29,801 | ||||||
| Security |
Par (000) |
Value | ||||||
| Electric (continued) | ||||||||
|
Duke Energy Progress LLC |
||||||||
|
3.40%, 04/01/32 (Call 01/01/32) |
$ | 25 | $ | 21,966 | ||||
|
3.45%, 03/15/29 (Call 12/15/28) |
11 | 10,043 | ||||||
|
3.70%, 09/01/28 (Call 06/01/28) |
70 | 65,707 | ||||||
|
Duquesne
Light Holdings Inc., 2.78%, 01/07/32 |
10 | 7,868 | ||||||
|
Edison International |
||||||||
|
4.13%, 03/15/28 (Call 12/15/27) |
20 | 18,637 | ||||||
|
6.95%, 11/15/29 (Call 09/15/29) |
10 | 10,486 | ||||||
|
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28) |
55 | 52,846 | ||||||
|
EnfraGen Energia Sur SA/EnfraGen Spain SA/Prime Energia SpA, 5.38%, 12/30/30 (Call 12/30/25)(b) |
5 | 3,243 | ||||||
|
Entergy Arkansas LLC, 5.15%, 01/15/33 (Call 10/15/32) |
10 | 9,948 | ||||||
|
Entergy Corp., 1.90%, 06/15/28 (Call 04/15/28) |
25 | 21,140 | ||||||
|
Entergy Mississippi LLC, 2.85%, 06/01/28 (Call 03/01/28) |
20 | 17,958 | ||||||
|
Entergy Texas Inc., 1.75%, 03/15/31 (Call 12/15/30) |
75 | 58,553 | ||||||
|
Evergy Inc., 2.90%, 09/15/29 (Call 06/15/29) |
15 | 12,846 | ||||||
|
Eversource
Energy, Series O, 4.25%, 04/01/29 |
10 | 9,399 | ||||||
|
Exelon Corp. |
||||||||
|
3.35%, 03/15/32 (Call 12/15/31) |
20 | 17,075 | ||||||
|
4.05%, 04/15/30 (Call 01/15/30) |
40 | 36,692 | ||||||
|
FirstEnergy Corp. |
||||||||
|
Series B, 2.25%, 09/01/30 (Call 06/01/30) |
15 | 11,985 | ||||||
|
Series C, 7.38%, 11/15/31 |
10 | 11,239 | ||||||
|
FirstEnergy
Transmission LLC, 2.87%, 09/15/28 |
5 | 4,378 | ||||||
|
Florida
Power & Light Co., 5.10%, 04/01/33 |
10 | 9,984 | ||||||
|
Georgia Power Co. |
||||||||
|
4.70%, 05/15/32 (Call 02/15/32) |
18 | 17,115 | ||||||
|
Series B, 2.65%, 09/15/29 (Call 06/15/29) |
15 | 12,724 | ||||||
|
Indiana
Michigan Power Co., 3.85%, 05/15/28 |
5 | 4,737 | ||||||
|
Interstate
Power & Light Co., 4.10%, 09/26/28 |
25 | 23,928 | ||||||
|
IPALCO Enterprises Inc., 4.25%, 05/01/30 (Call 02/01/30) |
10 | 9,009 | ||||||
|
ITC Holdings Corp., 2.95%, 05/14/30 (Call 04/14/30)(b) |
10 | 8,538 | ||||||
|
Jersey
Central Power & Light Co., 2.75%, 03/01/32 |
10 | 8,172 | ||||||
|
Leeward Renewable Energy Operations LLC, 4.25%, 07/01/29 (Call 07/01/24)(b) |
8 | 6,804 | ||||||
|
Liberty
Utilities Finance GP 1, 2.05%, 09/15/30 |
25 | 19,259 | ||||||
|
Metropolitan
Edison Co., 4.30%, 01/15/29 |
10 | 9,337 | ||||||
|
MidAmerican Energy Co., 3.65%, 04/15/29 (Call 01/15/29) |
25 | 23,162 | ||||||
|
Mid-Atlantic Interstate Transmission LLC, 4.10%, 05/15/28 (Call 02/15/28)(b) |
6 | 5,667 | ||||||
|
National Rural Utilities Cooperative Finance Corp. |
||||||||
|
2.40%, 03/15/30 (Call 12/15/29) |
10 | 8,402 | ||||||
|
2.75%, 04/15/32 (Call 01/15/32) |
10 | 8,257 | ||||||
|
3.90%, 11/01/28 (Call 08/01/28) |
15 | 14,120 | ||||||
|
Series C, 8.00%, 03/01/32 |
10 | 11,834 | ||||||
|
New
York State Electric & Gas Corp., 2.15%, 10/01/31 |
20 | 15,621 | ||||||
|
NextEra Energy Capital Holdings Inc. |
||||||||
|
2.25%, 06/01/30 (Call 03/01/30) |
25 | 20,249 | ||||||
|
2.44%, 01/15/32 (Call 10/15/31) |
5 | 3,958 | ||||||
|
2.75%, 11/01/29 (Call 08/01/29) |
65 | 55,321 | ||||||
|
5.00%, 07/15/32 (Call 04/15/32) |
55 | 52,963 | ||||||
|
Niagara
Mohawk Power Corp., 4.28%, 12/15/28 |
20 | 18,393 | ||||||
| 18 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Electric (continued) | ||||||||
|
NRG Energy Inc. |
||||||||
|
3.38%, 02/15/29 (Call 02/15/24)(b) |
$ | 4 | $ | 3,260 | ||||
|
3.63%, 02/15/31 (Call 02/15/26)(b) |
22 | 17,076 | ||||||
|
3.88%, 02/15/32 (Call 02/15/27)(b) |
13 | 10,077 | ||||||
|
4.45%, 06/15/29 (Call 03/15/29)(b) |
10 | 8,900 | ||||||
|
5.25%, 06/15/29 (Call 06/15/24)(b) |
10 | 8,896 | ||||||
|
NSTAR Electric Co., 3.25%, 05/15/29 (Call 02/15/29) |
10 | 9,042 | ||||||
|
Ohio
Power Co., Series Q, 1.63%, 01/15/31 |
5 | 3,856 | ||||||
|
Oklahoma
Gas & Electric Co., 3.80%, 08/15/28 |
5 | 4,676 | ||||||
|
Oncor Electric Delivery Co. LLC |
||||||||
|
2.75%, 05/15/30 (Call 02/15/30) |
35 | 30,362 | ||||||
|
3.70%, 11/15/28 (Call 08/15/28) |
15 | 14,087 | ||||||
|
4.55%, 09/15/32 (Call 06/15/32) |
20 | 19,352 | ||||||
|
Pacific Gas and Electric Co. |
||||||||
|
2.50%, 02/01/31 (Call 11/01/30) |
15 | 11,682 | ||||||
|
4.55%, 07/01/30 (Call 01/01/30) |
125 | 112,869 | ||||||
|
5.90%, 06/15/32 (Call 03/15/32) |
5 | 4,830 | ||||||
|
6.15%, 01/15/33 (Call 10/15/32) |
5 | 4,942 | ||||||
|
Pattern Energy Operations LP/Pattern Energy Operations Inc., 4.50%, 08/15/28 (Call 08/15/23)(b) |
5 | 4,462 | ||||||
|
PG&E Corp. |
||||||||
|
5.00%, 07/01/28 (Call 07/01/23) |
7 | 6,387 | ||||||
|
5.25%, 07/01/30 (Call 06/15/25) |
18 | 16,150 | ||||||
|
Pike Corp., 5.50%, 09/01/28 (Call 09/01/23)(b) |
10 | 8,669 | ||||||
|
Progress Energy Inc., 7.75%, 03/01/31 |
20 | 22,560 | ||||||
|
Public Service Co. of Colorado |
||||||||
|
1.88%, 06/15/31 (Call 12/15/30) |
25 | 19,778 | ||||||
|
3.70%, 06/15/28 (Call 12/15/27) |
25 | 23,619 | ||||||
|
Public Service Co. of New Hampshire, Series V, 2.20%, 06/15/31 (Call 03/15/31) |
10 | 8,182 | ||||||
|
Public Service Electric & Gas Co. |
||||||||
|
1.90%, 08/15/31 (Call 05/15/31) |
20 | 15,912 | ||||||
|
3.20%, 05/15/29 (Call 02/15/29) |
6 | 5,403 | ||||||
|
3.70%, 05/01/28 (Call 02/01/28) |
15 | 14,151 | ||||||
|
Public Service Enterprise Group Inc., 2.45%, 11/15/31 (Call 08/15/31) |
30 | 23,997 | ||||||
|
Sempra Energy, 3.70%, 04/01/29 (Call 02/01/29) |
5 | 4,544 | ||||||
|
Southern California Edison Co. |
||||||||
|
2.25%, 06/01/30 (Call 03/01/30) |
5 | 4,114 | ||||||
|
5.95%, 11/01/32 (Call 08/01/32) |
20 | 20,832 | ||||||
|
Series A, 4.20%, 03/01/29 (Call 12/01/28) |
10 | 9,433 | ||||||
|
Southern Co. (The) |
||||||||
|
5.70%, 10/15/32 (Call 04/15/32) |
10 | 10,157 | ||||||
|
Series A, 3.70%, 04/30/30 (Call 01/30/30) |
45 | 40,572 | ||||||
|
Southwestern Electric Power Co., Series M, 4.10%, 09/15/28 (Call 06/15/28) |
50 | 47,246 | ||||||
|
TransAlta Corp., 7.75%, 11/15/29 (Call 11/15/25) |
10 | 10,257 | ||||||
|
Union Electric Co., 2.15%, 03/15/32 (Call 12/15/31) |
10 | 7,903 | ||||||
|
Virginia Electric & Power Co. |
||||||||
|
2.30%, 11/15/31 (Call 08/15/31) |
55 | 44,301 | ||||||
|
2.40%, 03/30/32 (Call 12/30/31) |
25 | 20,189 | ||||||
|
Vistra Operations Co. LLC |
||||||||
|
4.30%, 07/15/29 (Call 04/15/29)(b) |
10 | 9,002 | ||||||
|
4.38%, 05/01/29 (Call 05/01/24)(b) |
19 | 16,430 | ||||||
|
Wisconsin
Electric Power Co., 1.70%, 06/15/28 |
15 | 12,748 | ||||||
|
|
|
|||||||
| 2,052,586 | ||||||||
| Security |
Par (000) |
Value | ||||||
| Electrical Components & Equipment — 0.0% | ||||||||
|
Emerson Electric Co. |
||||||||
|
2.00%, 12/21/28 (Call 10/21/28) |
$ | 20 | $ | 17,085 | ||||
|
2.20%, 12/21/31 (Call 09/21/31) |
25 | 20,027 | ||||||
|
Energizer Holdings Inc. |
||||||||
|
4.38%, 03/31/29 (Call 09/30/23)(b) |
12 | 10,169 | ||||||
|
4.75%, 06/15/28 (Call 07/01/23)(b) |
15 | 13,090 | ||||||
|
WESCO
Distribution Inc., 7.25%, 06/15/28 |
20 | 20,321 | ||||||
|
|
|
|||||||
| 80,692 | ||||||||
| Electronics — 0.2% | ||||||||
|
Agilent Technologies Inc., 2.30%, 03/12/31 (Call 12/12/30) |
25 | 20,336 | ||||||
|
Allegion
U.S. Holding Co. Inc., 5.41%, 07/01/32 |
10 | 9,763 | ||||||
|
Amphenol Corp. |
||||||||
|
2.20%, 09/15/31 (Call 06/15/31) |
10 | 7,956 | ||||||
|
4.35%, 06/01/29 (Call 03/01/29) |
5 | 4,853 | ||||||
|
Atkore Inc., 4.25%, 06/01/31 (Call 06/01/26)(b) |
3 | 2,611 | ||||||
|
Flex Ltd., 4.88%, 06/15/29 (Call 03/15/29) |
25 | 23,560 | ||||||
|
Honeywell International Inc. |
||||||||
|
1.75%, 09/01/31 (Call 06/01/31) |
45 | 35,627 | ||||||
|
5.00%, 02/15/33 (Call 11/15/32) |
10 | 10,121 | ||||||
|
II-VI Inc., 5.00%, 12/15/29 (Call 12/15/24)(b) |
12 | 10,507 | ||||||
|
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/15/24)(b) |
30 | 25,480 | ||||||
|
Jabil Inc., 3.60%, 01/15/30 (Call 10/15/29) |
5 | 4,395 | ||||||
|
Keysight
Technologies Inc., 3.00%, 10/30/29 |
25 | 21,578 | ||||||
|
Sensata
Technologies BV, 4.00%, 04/15/29 |
17 | 15,001 | ||||||
|
Sensata Technologies Inc. |
||||||||
|
3.75%, 02/15/31 (Call 02/15/26)(b) |
16 | 13,417 | ||||||
|
4.38%, 02/15/30 (Call 11/15/29)(b) |
10 | 8,876 | ||||||
|
TD SYNNEX Corp., 2.65%, 08/09/31 (Call 05/09/31) |
5 | 3,880 | ||||||
|
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28) |
25 | 23,977 | ||||||
|
TTM Technologies Inc., 4.00%, 03/01/29 (Call 03/01/24)(b) |
10 | 8,299 | ||||||
|
Vontier Corp. |
||||||||
|
2.40%, 04/01/28 (Call 02/01/28) |
10 | 8,198 | ||||||
|
2.95%, 04/01/31 (Call 01/01/31) |
32 | 24,434 | ||||||
|
|
|
|||||||
| 282,869 | ||||||||
| Energy - Alternate Sources — 0.0% | ||||||||
|
TerraForm
Power Operating LLC, 4.75%, 01/15/30 |
12 | 10,389 | ||||||
|
|
|
|||||||
| Engineering & Construction — 0.0% | ||||||||
|
Arcosa Inc., 4.38%, 04/15/29 (Call 04/15/24)(b) |
8 | 6,994 | ||||||
|
Dycom Industries Inc., 4.50%, 04/15/29 (Call 04/15/24)(b) |
10 | 8,771 | ||||||
|
Fluor Corp., 4.25%, 09/15/28 (Call 06/15/28)(c) |
15 | 13,562 | ||||||
|
Global Infrastructure Solutions Inc. |
||||||||
|
5.63%, 06/01/29 (Call 06/01/24)(b) |
3 | 2,512 | ||||||
|
7.50%, 04/15/32 (Call 04/15/27)(b) |
7 | 6,083 | ||||||
|
Great
Lakes Dredge & Dock Corp., 5.25%, 06/01/29 |
3 | 2,351 | ||||||
|
MasTec Inc., 4.50%, 08/15/28 (Call 08/15/23)(b) |
15 | 13,682 | ||||||
|
Railworks Holdings LP/Railworks Rally Inc., 8.25%, 11/15/28 (Call 11/15/24)(b) |
5 | 4,676 | ||||||
|
TopBuild Corp. |
||||||||
|
3.63%, 03/15/29 (Call 03/15/24)(b) |
3 | 2,506 | ||||||
|
4.13%, 02/15/32 (Call 10/15/26)(b) |
5 | 4,117 | ||||||
|
VM Consolidated Inc., 5.50%, 04/15/29 (Call 04/15/24)(b) |
3 | 2,655 | ||||||
|
Weekley Homes LLC/Weekley Finance Corp., 4.88%, 09/15/28 (Call 09/15/23)(b) |
5 | 4,254 | ||||||
|
|
|
|||||||
| 72,163 | ||||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Entertainment — 0.2% | ||||||||
|
AMC
Entertainment Holdings Inc., 7.50%, 02/15/29 |
$ | 12 | $ | 7,176 | ||||
|
Boyne USA Inc., 4.75%, 05/15/29 (Call 05/15/24)(b) |
5 | 4,452 | ||||||
|
Caesars Entertainment Inc. |
||||||||
|
4.63%, 10/15/29 (Call 10/15/24)(b) |
15 | 12,834 | ||||||
|
7.00%, 02/15/30 (Call 02/15/26)(b) |
25 | 25,177 | ||||||
|
CDI
Escrow Issuer Inc., 5.75%, 04/01/30 |
12 | 11,143 | ||||||
|
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24) |
5 | 4,576 | ||||||
|
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 6.50%, 10/01/28 (Call 10/01/23) |
3 | 2,906 | ||||||
|
Cinemark USA Inc., 5.25%, 07/15/28 (Call 07/15/24)(b) |
10 | 8,369 | ||||||
|
Everi Holdings Inc., 5.00%, 07/15/29 (Call 07/15/24)(b) |
3 | 2,642 | ||||||
|
International Game Technology PLC, 5.25%, 01/15/29 (Call 01/15/24)(b) |
5 | 4,640 | ||||||
|
Jacobs
Entertainment Inc., 6.75%, 02/15/29 |
14 | 12,736 | ||||||
|
Lions
Gate Capital Holdings LLC, 5.50%, 04/15/29 |
13 | 9,283 | ||||||
|
Magallanes Inc. |
||||||||
|
4.05%, 03/15/29 (Call 01/15/29)(b) |
65 | 58,090 | ||||||
|
4.28%, 03/15/32 (Call 12/15/31)(b) |
35 | 30,224 | ||||||
|
Midwest
Gaming Borrower LLC, 4.88%, 05/01/29 |
6 | 5,147 | ||||||
|
Penn
National Gaming Inc., 4.13%, 07/01/29 |
3 | 2,439 | ||||||
|
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp. |
||||||||
|
5.63%, 09/01/29 (Call 09/01/24)(b) |
10 | 7,350 | ||||||
|
5.88%, 09/01/31 (Call 09/01/26)(b) |
11 | 7,881 | ||||||
|
Scientific Games Holdings LP/Scientific Games U.S. FinCo Inc., 6.63%, 03/01/30 (Call 03/01/25)(b) |
16 | 14,087 | ||||||
|
Scientific Games International Inc. |
||||||||
|
7.00%, 05/15/28 (Call 05/15/23)(b) |
10 | 9,777 | ||||||
|
7.25%, 11/15/29 (Call 11/15/24)(b) |
10 | 9,862 | ||||||
|
SeaWorld Parks & Entertainment Inc., 5.25%, 08/15/29 (Call 08/15/24)(b)(c) |
16 | 14,280 | ||||||
|
WMG Acquisition Corp. |
||||||||
|
3.00%, 02/15/31 (Call 02/15/26)(b) |
11 | 8,697 | ||||||
|
3.75%, 12/01/29 (Call 12/01/24)(b) |
4 | 3,387 | ||||||
|
3.88%, 07/15/30 (Call 07/15/25)(b) |
7 | 5,935 | ||||||
|
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. |
||||||||
|
5.13%, 10/01/29 (Call 07/01/29)(b) |
15 | 13,408 | ||||||
|
7.13%, 02/15/31 (Call 11/15/30)(b)(c) |
10 | 9,963 | ||||||
|
|
|
|||||||
| 306,461 | ||||||||
| Environmental Control — 0.1% | ||||||||
|
Clean Harbors Inc., 6.38%, 02/01/31 (Call 02/01/26)(b) |
10 | 9,967 | ||||||
|
Covanta Holding Corp. |
||||||||
|
4.88%, 12/01/29 (Call 12/01/24)(b) |
11 | 9,295 | ||||||
|
5.00%, 09/01/30 (Call 09/01/25) |
3 | 2,494 | ||||||
|
GFL Environmental Inc. |
||||||||
|
3.50%, 09/01/28 (Call 03/01/28)(b) |
5 | 4,367 | ||||||
|
4.00%, 08/01/28 (Call 08/01/23)(b) |
15 | 13,143 | ||||||
|
4.38%, 08/15/29 (Call 08/15/24)(b) |
15 | 12,984 | ||||||
|
4.75%, 06/15/29 (Call 06/15/24)(b) |
5 | 4,448 | ||||||
|
Madison IAQ LLC |
||||||||
|
4.13%, 06/30/28 (Call 06/30/24)(b) |
5 | 4,274 | ||||||
|
5.88%, 06/30/29 (Call 06/30/24)(b) |
13 | 10,367 | ||||||
|
Republic Services Inc. |
||||||||
|
1.75%, 02/15/32 (Call 11/15/31) |
25 | 19,175 | ||||||
|
3.95%, 05/15/28 (Call 02/15/28) |
20 | 18,941 | ||||||
| Security |
Par (000) |
Value | ||||||
| Environmental Control (continued) | ||||||||
|
Stericycle Inc., 3.88%, 01/15/29 (Call 11/15/23)(b) |
$ | 4 | $ | 3,439 | ||||
|
Waste Connections Inc. |
||||||||
|
2.20%, 01/15/32 (Call 10/15/31) |
10 | 7,906 | ||||||
|
3.50%, 05/01/29 (Call 02/01/29) |
9 | 8,135 | ||||||
|
4.25%, 12/01/28 (Call 09/01/28) |
15 | 14,341 | ||||||
|
Waste Management Inc. |
||||||||
|
2.00%, 06/01/29 (Call 04/01/29) |
25 | 20,858 | ||||||
|
4.15%, 04/15/32 (Call 01/15/32) |
25 | 23,411 | ||||||
|
|
|
|||||||
| 187,545 | ||||||||
| Food — 0.4% | ||||||||
|
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC |
||||||||
|
3.50%, 03/15/29 (Call 09/15/23)(b) |
25 | 21,211 | ||||||
|
4.88%, 02/15/30 (Call 02/15/25)(b) |
10 | 9,005 | ||||||
|
5.88%, 02/15/28 (Call 08/15/23)(b) |
15 | 14,508 | ||||||
|
C&S
Group Enterprises LLC, 5.00%, 12/15/28 |
3 | 2,310 | ||||||
|
Campbell Soup Co., 4.15%, 03/15/28 (Call 12/15/27) |
25 | 23,853 | ||||||
|
Chobani LLC/Chobani Finance Corp. Inc., 4.63%, 11/15/28 (Call 11/15/23)(b) |
5 | 4,362 | ||||||
|
Conagra Brands Inc., 4.85%, 11/01/28 (Call 08/01/28) |
45 | 43,616 | ||||||
|
General Mills Inc., 2.88%, 04/15/30 (Call 01/15/30) |
30 | 25,974 | ||||||
|
Hershey Co. (The), 2.45%, 11/15/29 (Call 08/15/29) |
5 | 4,338 | ||||||
|
Ingles Markets Inc., 4.00%, 06/15/31 (Call 06/15/26)(b) |
8 | 6,705 | ||||||
|
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc. |
||||||||
|
3.00%, 02/02/29 (Call 12/02/28)(b) |
15 | 12,526 | ||||||
|
3.75%, 12/01/31 (Call 12/01/26)(b) |
10 | 8,019 | ||||||
|
5.50%, 01/15/30 (Call 01/15/25)(b) |
50 | 47,058 | ||||||
|
JM Smucker Co. (The), 2.13%, 03/15/32 (Call 12/15/31) |
15 | 11,797 | ||||||
|
Kellogg Co., 4.30%, 05/15/28 (Call 02/15/28) |
10 | 9,715 | ||||||
|
Kraft Heinz Foods Co. |
||||||||
|
4.25%, 03/01/31 (Call 12/01/30) |
15 | 14,027 | ||||||
|
4.63%, 01/30/29 (Call 10/30/28) |
2 | 1,952 | ||||||
|
Kroger Co. (The) |
||||||||
|
2.20%, 05/01/30 (Call 02/01/30) |
15 | 12,142 | ||||||
|
4.50%, 01/15/29 (Call 10/15/28) |
5 | 4,815 | ||||||
|
7.50%, 04/01/31 |
10 | 11,285 | ||||||
|
Lamb Weston Holdings Inc. |
||||||||
|
4.13%, 01/31/30 (Call 01/31/25)(b) |
17 | 14,978 | ||||||
|
4.38%, 01/31/32 (Call 01/31/27)(b) |
7 | 6,153 | ||||||
|
4.88%, 05/15/28 (Call 11/15/27)(b) |
4 | 3,776 | ||||||
|
Mars Inc. |
||||||||
|
1.63%, 07/16/32 (Call 04/16/32)(b) |
10 | 7,543 | ||||||
|
3.20%, 04/01/30 (Call 01/01/30)(b) |
5 | 4,477 | ||||||
|
McCormick &
Co. Inc./MD, 2.50%, 04/15/30 |
15 | 12,468 | ||||||
|
Mondelez
International Inc., 3.00%, 03/17/32 |
25 | 21,139 | ||||||
|
Nestle Holdings Inc., 3.63%, 09/24/28 (Call 06/24/28)(b) |
150 | 142,294 | ||||||
|
Performance
Food Group Inc., 4.25%, 08/01/29 |
16 | 13,965 | ||||||
|
Pilgrim’s Pride Corp. |
||||||||
|
3.50%, 03/01/32 (Call 09/01/26) |
10 | 7,792 | ||||||
|
4.25%, 04/15/31 (Call 04/15/26) |
10 | 8,350 | ||||||
|
Post Holdings Inc. |
||||||||
|
4.50%, 09/15/31 (Call 09/15/26)(b) |
15 | 12,670 | ||||||
|
4.63%, 04/15/30 (Call 04/15/25)(b) |
27 | 23,417 | ||||||
|
5.50%, 12/15/29 (Call 12/15/24)(b) |
19 | 17,429 | ||||||
|
Safeway Inc., 7.25%, 02/01/31 |
3 | 2,978 | ||||||
|
SEG Holding LLC/SEG Finance Corp., 5.63%, 10/15/28 (Call 10/09/23)(b) |
3 | 2,839 | ||||||
| 20 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Food (continued) | ||||||||
|
Simmons Foods Inc./Simmons Prepared Foods Inc./Simmons Pet Food Inc./Simmons Feed, 4.63%, 03/01/29 (Call 03/01/24)(b) |
$ | 11 | $ | 8,972 | ||||
|
Smithfield Foods Inc. |
||||||||
|
2.63%, 09/13/31 (Call 06/13/31)(b) |
10 | 7,333 | ||||||
|
3.00%, 10/15/30 (Call 07/15/30)(b) |
5 | 3,886 | ||||||
|
5.20%, 04/01/29 (Call 01/01/29)(b) |
25 | 22,921 | ||||||
|
Sysco Corp. |
||||||||
|
2.40%, 02/15/30 (Call 11/15/29) |
30 | 24,970 | ||||||
|
5.95%, 04/01/30 (Call 01/01/30) |
10 | 10,360 | ||||||
|
TreeHouse Foods Inc., 4.00%, 09/01/28 (Call 09/01/23) |
5 | 4,290 | ||||||
|
Tyson Foods Inc., 4.35%, 03/01/29 (Call 12/01/28) |
35 | 33,212 | ||||||
|
U.S. Foods Inc. |
||||||||
|
4.63%, 06/01/30 (Call 06/01/25)(b) |
5 | 4,383 | ||||||
|
4.75%, 02/15/29 (Call 02/15/24)(b) |
11 | 9,924 | ||||||
|
United
Natural Foods Inc., 6.75%, 10/15/28 |
5 | 4,749 | ||||||
|
|
|
|||||||
| 726,486 | ||||||||
| Food Service — 0.0% | ||||||||
|
TKC Holdings Inc. |
||||||||
|
6.88%, 05/15/28 (Call 05/15/24)(b) |
3 | 2,453 | ||||||
|
10.50%, 05/15/29 (Call 05/15/24)(b) |
10 | 6,127 | ||||||
|
|
|
|||||||
| 8,580 | ||||||||
| Forest Products & Paper — 0.1% | ||||||||
|
Domtar Corp., 6.75%, 10/01/28 (Call 10/01/24)(b) |
5 | 4,502 | ||||||
|
Georgia-Pacific LLC, 2.30%, 04/30/30 (Call 01/30/30)(b) |
15 | 12,529 | ||||||
|
Glatfelter Corp., 4.75%, 11/15/29 (Call 11/01/24)(b) |
10 | 6,586 | ||||||
|
Mercer International Inc., 5.13%, 02/01/29 (Call 02/01/24) |
12 | 9,846 | ||||||
|
Suzano Austria GmbH |
||||||||
|
3.13%, 01/15/32 (Call 10/15/31) |
40 | 31,615 | ||||||
|
3.75%, 01/15/31 (Call 10/15/30) |
30 | 25,399 | ||||||
|
Sylvamo Corp., 7.00%, 09/01/29 (Call 09/01/24)(b) |
5 | 4,973 | ||||||
|
|
|
|||||||
| 95,450 | ||||||||
| Gas — 0.1% | ||||||||
|
Atmos Energy Corp., 1.50%, 01/15/31 (Call 10/15/30) |
45 | 34,906 | ||||||
|
Boston Gas Co. |
||||||||
|
3.00%, 08/01/29 (Call 05/01/29)(b) |
25 | 21,565 | ||||||
|
3.76%, 03/16/32 (Call 12/16/31)(b) |
10 | 8,754 | ||||||
|
CenterPoint Energy Resources Corp., 4.00%, 04/01/28 (Call 01/01/28) |
10 | 9,515 | ||||||
|
NiSource Inc. |
||||||||
|
1.70%, 02/15/31 (Call 11/15/30) |
30 | 22,866 | ||||||
|
3.60%, 05/01/30 (Call 02/01/30) |
10 | 8,932 | ||||||
|
Southwest Gas Corp. |
||||||||
|
2.20%, 06/15/30 (Call 03/15/30) |
5 | 3,984 | ||||||
|
4.05%, 03/15/32 (Call 12/15/31) |
35 | 31,252 | ||||||
|
|
|
|||||||
| 141,774 | ||||||||
| Hand & Machine Tools — 0.0% | ||||||||
|
Regal Rexnord Corp. |
||||||||
|
6.05%, 04/15/28 (Call 03/15/28) |
25 | 24,435 | ||||||
|
6.30%, 02/15/30 (Call 12/15/29)(b) |
5 | 4,900 | ||||||
|
Stanley Black & Decker Inc. |
||||||||
|
2.30%, 03/15/30 (Call 12/15/29) |
15 | 12,186 | ||||||
|
3.00%, 05/15/32 (Call 02/15/32)(c) |
25 | 20,380 | ||||||
|
|
|
|||||||
| 61,901 | ||||||||
| Health Care - Products — 0.2% | ||||||||
|
Avantor Funding Inc. |
||||||||
|
3.88%, 11/01/29 (Call 11/01/24)(b) |
8 | 6,920 | ||||||
|
4.63%, 07/15/28 (Call 07/15/23)(b) |
21 | 19,313 | ||||||
| Security |
Par (000) |
Value | ||||||
| Health Care - Products (continued) | ||||||||
|
Baxter International Inc. |
||||||||
|
2.27%, 12/01/28 (Call 10/01/28) |
$ | 33 | $ | 27,631 | ||||
|
3.95%, 04/01/30 (Call 01/01/30) |
15 | 13,475 | ||||||
|
Boston Scientific Corp., 2.65%, 06/01/30 (Call 03/01/30) |
15 | 12,819 | ||||||
|
DH Europe Finance II Sarl, 2.60%, 11/15/29 (Call 08/15/29) |
5 | 4,315 | ||||||
|
Edwards
Lifesciences Corp., 4.30%, 06/15/28 |
25 | 23,974 | ||||||
|
Embecta Corp. |
||||||||
|
5.00%, 02/15/30 (Call 02/15/27)(b)(c) |
5 | 4,240 | ||||||
|
6.75%, 02/15/30 (Call 02/15/27)(b) |
2 | 1,805 | ||||||
|
Garden Spinco Corp., 8.63%, 07/20/30 (Call 07/20/27)(b) |
5 | 5,284 | ||||||
|
Hologic Inc. |
||||||||
|
3.25%, 02/15/29 (Call 09/28/23)(b) |
12 | 10,326 | ||||||
|
4.63%, 02/01/28 (Call 02/01/24)(b) |
3 | 2,803 | ||||||
|
Mozart Debt Merger Sub Inc. |
||||||||
|
3.88%, 04/01/29 (Call 10/01/24)(b) |
57 | 47,531 | ||||||
|
5.25%, 10/01/29 (Call 10/01/24)(b) |
33 | 27,097 | ||||||
|
PerkinElmer Inc., 3.30%, 09/15/29 (Call 06/15/29) |
30 | 25,918 | ||||||
|
Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30) |
15 | 11,796 | ||||||
|
Stryker Corp. |
||||||||
|
1.95%, 06/15/30 (Call 03/15/30) |
5 | 4,065 | ||||||
|
3.65%, 03/07/28 (Call 12/07/27) |
20 | 18,838 | ||||||
|
Teleflex Inc., 4.25%, 06/01/28 (Call 06/01/23)(b) |
7 | 6,342 | ||||||
|
Thermo Fisher Scientific Inc. |
||||||||
|
2.00%, 10/15/31 (Call 07/15/31) |
80 | 63,907 | ||||||
|
2.60%, 10/01/29 (Call 07/01/29) |
5 | 4,329 | ||||||
|
|
|
|||||||
| 342,728 | ||||||||
| Health Care - Services — 0.8% | ||||||||
|
Acadia Healthcare Co. Inc. |
||||||||
|
5.00%, 04/15/29 (Call 10/15/23)(b) |
4 | 3,643 | ||||||
|
5.50%, 07/01/28 (Call 07/01/23)(b) |
5 | 4,693 | ||||||
|
AHP
Health Partners Inc., 5.75%, 07/15/29 |
3 | 2,512 | ||||||
|
Akumin Escrow Inc., 7.50%, 08/01/28 (Call 08/01/24)(b) |
3 | 2,100 | ||||||
|
Banner Health, 2.34%, 01/01/30 (Call 10/01/29) |
30 | 25,347 | ||||||
|
Bon
Secours Mercy Health Inc., 3.46%, 06/01/30 |
15 | 13,350 | ||||||
|
Cano Health LLC, 6.25%, 10/01/28 (Call 10/01/24)(b)(c) |
4 | 2,475 | ||||||
|
Catalent Pharma Solutions Inc. |
||||||||
|
3.13%, 02/15/29 (Call 02/15/24)(b)(c) |
6 | 5,180 | ||||||
|
3.50%, 04/01/30 (Call 04/01/25)(b)(c) |
5 | 4,339 | ||||||
|
Centene Corp. |
||||||||
|
2.45%, 07/15/28 (Call 05/15/28) |
36 | 30,250 | ||||||
|
2.50%, 03/01/31 (Call 12/01/30) |
41 | 31,997 | ||||||
|
2.63%, 08/01/31 (Call 05/01/31) |
28 | 21,890 | ||||||
|
3.00%, 10/15/30 (Call 07/15/30) |
26 | 21,249 | ||||||
|
3.38%, 02/15/30 (Call 02/15/25) |
44 | 37,259 | ||||||
|
4.63%, 12/15/29 (Call 12/15/24) |
70 | 64,202 | ||||||
|
Charles River Laboratories International Inc. |
||||||||
|
3.75%, 03/15/29 (Call 03/15/24)(b) |
4 | 3,475 | ||||||
|
4.00%, 03/15/31 (Call 03/15/26)(b)(c) |
5 | 4,300 | ||||||
|
4.25%, 05/01/28 (Call 05/01/23)(b) |
8 | 7,222 | ||||||
|
CHS/Community Health Systems Inc. |
||||||||
|
4.75%, 02/15/31 (Call 02/15/26)(b) |
13 | 10,048 | ||||||
|
5.25%, 05/15/30 (Call 05/15/25)(b) |
36 | 28,934 | ||||||
|
6.00%, 01/15/29 (Call 01/15/24)(b) |
9 | 7,826 | ||||||
|
6.13%, 04/01/30 (Call 04/01/25)(b) |
20 | 13,676 | ||||||
|
6.88%, 04/01/28 (Call 04/01/23)(b) |
6 | 4,069 | ||||||
|
6.88%, 04/15/29 (Call 04/15/24)(b)(c) |
23 | 16,152 | ||||||
|
DaVita Inc. |
||||||||
|
3.75%, 02/15/31 (Call 02/15/26)(b) |
21 | 15,903 | ||||||
|
4.63%, 06/01/30 (Call 06/01/25)(b) |
35 | 28,835 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Health Care - Services (continued) | ||||||||
|
Elevance Health Inc. |
||||||||
|
2.25%, 05/15/30 (Call 02/15/30) |
$ | 10 | $ | 8,237 | ||||
|
2.55%, 03/15/31 (Call 12/15/30) |
10 | 8,284 | ||||||
|
2.88%, 09/15/29 (Call 06/15/29) |
40 | 34,842 | ||||||
|
5.50%, 10/15/32 (Call 07/15/32) |
65 | 66,020 | ||||||
|
Encompass Health Corp. |
||||||||
|
4.50%, 02/01/28 (Call 02/01/24) |
5 | 4,591 | ||||||
|
4.63%, 04/01/31 (Call 03/30/26) |
10 | 8,541 | ||||||
|
4.75%, 02/01/30 (Call 02/01/25) |
10 | 8,908 | ||||||
|
HCA Inc. |
||||||||
|
2.38%, 07/15/31 (Call 04/15/31) |
15 | 11,678 | ||||||
|
3.50%, 09/01/30 (Call 03/01/30) |
30 | 25,793 | ||||||
|
3.63%, 03/15/32 (Call 12/15/31)(b) |
5 | 4,226 | ||||||
|
4.13%, 06/15/29 (Call 03/15/29) |
35 | 31,862 | ||||||
|
5.63%, 09/01/28 (Call 03/01/28) |
70 | 69,182 | ||||||
|
5.88%, 02/01/29 (Call 08/01/28) |
35 | 34,980 | ||||||
|
Humana Inc. |
||||||||
|
2.15%, 02/03/32 (Call 11/03/31) |
30 | 23,132 | ||||||
|
3.13%, 08/15/29 (Call 05/15/29) |
30 | 26,169 | ||||||
|
Laboratory Corp. of America Holdings |
||||||||
|
2.70%, 06/01/31 (Call 03/01/31) |
5 | 4,158 | ||||||
|
2.95%, 12/01/29 (Call 09/01/29) |
15 | 12,866 | ||||||
|
Lifepoint Health Inc., 5.38%, 01/15/29 (Call 01/15/24)(b) |
10 | 6,566 | ||||||
|
ModivCare
Escrow Issuer Inc., 5.00%, 10/01/29 |
4 | 3,416 | ||||||
|
Molina Healthcare Inc. |
||||||||
|
3.88%, 11/15/30 (Call 08/17/30)(b) |
10 | 8,452 | ||||||
|
3.88%, 05/15/32 (Call 02/15/32)(b) |
8 | 6,567 | ||||||
|
4.38%, 06/15/28 (Call 06/15/23)(b) |
13 | 11,812 | ||||||
|
Pediatrix
Medical Group Inc., 5.38%, 02/15/30 |
3 | 2,657 | ||||||
|
Providence
St Joseph Health Obligated Group, |
5 | 4,221 | ||||||
|
Quest Diagnostics Inc. |
||||||||
|
2.80%, 06/30/31 (Call 03/30/31) |
25 | 20,980 | ||||||
|
4.20%, 06/30/29 (Call 03/30/29) |
5 | 4,726 | ||||||
|
Roche Holdings Inc., 1.93%, 12/13/28 (Call 10/13/28)(b) |
200 | 171,388 | ||||||
|
Syneos
Health Inc., 3.63%, 01/15/29 |
15 | 12,388 | ||||||
|
Tenet Healthcare Corp. |
||||||||
|
4.25%, 06/01/29 (Call 06/01/24) |
20 | 17,511 | ||||||
|
4.38%, 01/15/30 (Call 12/01/24) |
20 | 17,505 | ||||||
|
4.63%, 06/15/28 (Call 06/15/23) |
5 | 4,538 | ||||||
|
6.13%, 10/01/28 (Call 10/01/23) |
30 | 27,767 | ||||||
|
6.13%, 06/15/30 (Call 06/15/25)(b) |
30 | 28,599 | ||||||
|
6.88%, 11/15/31 |
3 | 2,778 | ||||||
|
UnitedHealth Group Inc. |
||||||||
|
2.00%, 05/15/30 |
10 | 8,196 | ||||||
|
2.88%, 08/15/29 |
30 | 26,436 | ||||||
|
3.88%, 12/15/28 |
35 | 33,067 | ||||||
|
4.20%, 05/15/32 (Call 02/15/32) |
30 | 28,216 | ||||||
|
5.30%, 02/15/30 (Call 12/15/29) |
30 | 30,398 | ||||||
|
5.35%, 02/15/33 (Call 11/15/32) |
10 | 10,228 | ||||||
|
Universal
Health Services Inc., 2.65%, 10/15/30 |
20 | 16,117 | ||||||
|
|
|
|||||||
| 1,298,924 | ||||||||
| Holding Companies - Diversified — 0.1% | ||||||||
|
Ares Capital Corp. |
||||||||
|
2.88%, 06/15/28 (Call 04/15/28) |
5 | 4,103 | ||||||
|
3.20%, 11/15/31 (Call 08/15/31) |
25 | 19,045 | ||||||
| Security |
Par (000) |
Value | ||||||
| Holding Companies - Diversified (continued) | ||||||||
|
Blackstone
Private Credit Fund, 4.00%, 01/15/29 |
$ | 10 | $ | 8,499 | ||||
|
Blackstone
Secured Lending Fund, 2.85%, 09/30/28 |
15 | 12,103 | ||||||
|
Compass Group Diversified Holdings LLC |
||||||||
|
5.00%, 01/15/32 (Call 01/15/27)(b) |
3 | 2,387 | ||||||
|
5.25%, 04/15/29 (Call 04/15/24)(b) |
17 | 14,924 | ||||||
|
Icahn Enterprises LP/Icahn Enterprises Finance Corp., 4.38%, 02/01/29 (Call 08/01/28) |
17 | 14,689 | ||||||
|
Owl Rock Capital Corp., 2.88%, 06/11/28 (Call 04/11/28) |
35 | 28,054 | ||||||
|
|
|
|||||||
| 103,804 | ||||||||
| Home Builders — 0.1% | ||||||||
|
Ashton Woods USA LLC/Ashton Woods Finance Co. |
||||||||
|
4.63%, 08/01/29 (Call 08/01/24)(b) |
10 | 8,208 | ||||||
|
4.63%, 04/01/30 (Call 04/01/25)(b) |
3 | 2,415 | ||||||
|
Beazer Homes USA Inc., 7.25%, 10/15/29 (Call 10/15/24) |
5 | 4,485 | ||||||
|
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC |
||||||||
|
4.88%, 02/15/30 (Call 02/15/25)(b) |
10 | 7,529 | ||||||
|
5.00%, 06/15/29 (Call 06/15/24)(b) |
3 | 2,340 | ||||||
|
Century
Communities Inc., 3.88%, 08/15/29 |
5 | 4,093 | ||||||
|
Forestar Group Inc., 5.00%, 03/01/28 (Call 03/01/23)(b) |
2 | 1,732 | ||||||
|
KB Home |
||||||||
|
4.00%, 06/15/31 (Call 12/15/30) |
10 | 8,171 | ||||||
|
4.80%, 11/15/29 (Call 05/15/29) |
2 | 1,756 | ||||||
|
LGI Homes Inc., 4.00%, 07/15/29 (Call 01/15/29)(b) |
3 | 2,365 | ||||||
|
M/I Homes Inc., 3.95%, 02/15/30 (Call 08/15/29) |
5 | 4,066 | ||||||
|
Mattamy Group Corp., 4.63%, 03/01/30 (Call 03/01/25)(b) |
8 | 6,628 | ||||||
|
MDC Holdings Inc., 3.85%, 01/15/30 (Call 07/15/29) |
15 | 12,512 | ||||||
|
Meritage Homes Corp., 3.88%, 04/15/29 (Call 10/15/28)(b) |
5 | 4,307 | ||||||
|
NVR Inc., 3.00%, 05/15/30 (Call 11/15/29) |
15 | 12,807 | ||||||
|
Shea Homes LP/Shea Homes Funding Corp., 4.75%, 04/01/29 (Call 04/01/24) |
2 | 1,759 | ||||||
|
Taylor Morrison Communities Inc. |
||||||||
|
5.13%, 08/01/30 (Call 02/01/30)(b) |
13 | 11,469 | ||||||
|
5.75%, 01/15/28 (Call 10/15/27)(b) |
3 | 2,832 | ||||||
|
Thor Industries Inc., 4.00%, 10/15/29 (Call 10/15/24)(b) |
6 | 4,853 | ||||||
|
Tri Pointe Homes Inc., 5.70%, 06/15/28 (Call 12/15/27) |
3 | 2,800 | ||||||
|
Winnebago
Industries Inc., 6.25%, 07/15/28 |
2 | 1,908 | ||||||
|
|
|
|||||||
| 109,035 | ||||||||
| Home Furnishings — 0.1% | ||||||||
|
Leggett & Platt Inc., 4.40%, 03/15/29 (Call 12/15/28) |
45 | 42,218 | ||||||
|
Tempur Sealy International Inc. |
||||||||
|
3.88%, 10/15/31 (Call 10/15/26)(b) |
17 | 13,710 | ||||||
|
4.00%, 04/15/29 (Call 04/15/24)(b) |
8 | 6,834 | ||||||
|
Whirlpool Corp., 4.75%, 02/26/29 (Call 11/26/28)(c) |
20 | 19,133 | ||||||
|
|
|
|||||||
| 81,895 | ||||||||
| Household Products & Wares — 0.1% | ||||||||
|
ACCO Brands Corp., 4.25%, 03/15/29 (Call 03/15/24)(b) |
5 | 4,094 | ||||||
|
Avery Dennison Corp. |
||||||||
|
2.25%, 02/15/32 (Call 11/15/31) |
25 | 19,269 | ||||||
|
4.88%, 12/06/28 (Call 09/06/28) |
10 | 9,821 | ||||||
|
Central Garden & Pet Co. |
||||||||
|
4.13%, 10/15/30 (Call 10/15/25) |
5 | 4,165 | ||||||
|
4.13%, 04/30/31 (Call 04/30/26)(b) |
5 | 4,103 | ||||||
|
Church & Dwight Co. Inc., 5.60%, 11/15/32 (Call 08/15/32) |
15 | 15,543 | ||||||
|
Clorox Co. (The), 3.90%, 05/15/28 (Call 02/15/28) |
40 | 37,978 | ||||||
|
Kimberly-Clark Corp. |
||||||||
|
3.10%, 03/26/30 (Call 12/26/29) |
20 | 17,948 | ||||||
| 22 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Household Products & Wares (continued) | ||||||||
|
3.20%, 04/25/29 (Call 01/25/29) |
$ | 5 | $ | 4,556 | ||||
|
3.95%, 11/01/28 (Call 08/01/28) |
35 | 33,589 | ||||||
|
Spectrum Brands Inc. |
||||||||
|
3.88%, 03/15/31 (Call 03/15/26)(b)(c) |
9 | 7,120 | ||||||
|
5.00%, 10/01/29 (Call 10/01/24)(b) |
2 | 1,730 | ||||||
|
5.50%, 07/15/30 (Call 07/15/25)(b) |
7 | 6,188 | ||||||
|
|
|
|||||||
| 166,104 | ||||||||
| Housewares — 0.0% | ||||||||
|
Newell Brands Inc., 6.63%, 09/15/29 (Call 06/15/29)(c) |
5 | 4,957 | ||||||
|
Scotts Miracle-Gro Co. (The) |
||||||||
|
4.00%, 04/01/31 (Call 04/01/26) |
8 | 6,432 | ||||||
|
4.38%, 02/01/32 (Call 08/01/26) |
4 | 3,265 | ||||||
|
4.50%, 10/15/29 (Call 10/15/24) |
3 | 2,601 | ||||||
|
SWF
Escrow Issuer Corp., 6.50%, 10/01/29 |
10 | 6,485 | ||||||
|
|
|
|||||||
| 23,740 | ||||||||
| Insurance — 0.9% | ||||||||
|
Acrisure LLC/Acrisure Finance Inc. |
||||||||
|
4.25%, 02/15/29 (Call 02/15/24)(b) |
10 | 8,154 | ||||||
|
6.00%, 08/01/29 (Call 08/01/24)(b) |
5 | 4,094 | ||||||
|
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer |
||||||||
|
5.88%, 11/01/29 (Call 11/01/24)(b) |
8 | 6,707 | ||||||
|
6.75%, 04/15/28 (Call 04/15/25) |
25 | 24,453 | ||||||
|
American
International Group Inc., 3.40%, 06/30/30 |
30 | 26,604 | ||||||
|
Americo Life Inc., 3.45%, 04/15/31 (Call 01/15/31)(b) |
35 | 26,798 | ||||||
|
AmFam Holdings Inc., 2.81%, 03/11/31 (Call 12/11/30)(b) |
25 | 19,247 | ||||||
|
AmWINS Group Inc., 4.88%, 06/30/29 (Call 06/30/24)(b) |
10 | 8,535 | ||||||
|
Aon Corp. |
||||||||
|
2.80%, 05/15/30 (Call 02/15/30) |
45 | 38,452 | ||||||
|
4.50%, 12/15/28 (Call 09/15/28) |
10 | 9,670 | ||||||
|
Aon Corp./Aon Global Holdings PLC, 2.05%, 08/23/31 (Call 05/23/31) |
25 | 19,644 | ||||||
|
Ascot Group Ltd., 4.25%, 12/15/30 (Call 12/15/25)(b) |
40 | 32,009 | ||||||
|
Assurant Inc. |
||||||||
|
2.65%, 01/15/32 (Call 10/15/31) |
25 | 18,884 | ||||||
|
7.00%,
03/27/48 (Call 03/27/28), |
3 | 2,980 | ||||||
|
Assured Guaranty U.S. Holdings Inc., 3.15%, 06/15/31 (Call 03/15/31) |
20 | 17,003 | ||||||
|
AssuredPartners Inc., 5.63%, 01/15/29 (Call 12/15/23)(b) |
5 | 4,248 | ||||||
|
Athene Global Funding |
||||||||
|
1.99%, 08/19/28(b) |
105 | 85,698 | ||||||
|
2.72%, 01/07/29(b) |
10 | 8,410 | ||||||
|
AXA SA, 8.60%, 12/15/30 |
15 | 18,419 | ||||||
|
AXIS
Specialty Finance LLC, 4.90%, 01/15/40 |
15 | 12,828 | ||||||
|
Berkshire Hathaway Finance Corp. |
||||||||
|
1.85%, 03/12/30 (Call 12/12/29) |
5 | 4,160 | ||||||
|
2.88%, 03/15/32 (Call 12/15/31) |
20 | 17,228 | ||||||
|
Brighthouse
Financial Inc., 5.63%, 05/15/30 |
20 | 19,657 | ||||||
|
BroadStreet
Partners Inc., 5.88%, 04/15/29 |
8 | 6,897 | ||||||
|
Brown & Brown Inc. |
||||||||
|
2.38%, 03/15/31 (Call 12/15/30) |
5 | 3,849 | ||||||
|
4.20%, 03/17/32 (Call 12/17/31) |
15 | 13,121 | ||||||
|
Chubb INA Holdings Inc., 1.38%, 09/15/30 (Call 06/15/30) |
25 | 19,396 | ||||||
|
CNA Financial Corp., 2.05%, 08/15/30 (Call 05/15/30) |
15 | 11,901 | ||||||
|
CNO
Financial Group Inc., 5.25%, 05/30/29 |
10 | 9,481 | ||||||
| Security |
Par (000) |
Value | ||||||
| Insurance (continued) | ||||||||
|
Corebridge Financial Inc. |
||||||||
|
3.85%, 04/05/29 (Call 02/05/29)(b) |
$ | 15 | $ | 13,522 | ||||
|
3.90%, 04/05/32 (Call 01/05/32)(b) |
35 | 30,635 | ||||||
|
Doctors Co. An Interinsurance Exchange (The), 4.50%, 01/18/32 (Call 10/18/31)(b) |
10 | 8,192 | ||||||
|
Empower
Finance 2020 LP, 1.78%, 03/17/31 |
10 | 7,775 | ||||||
|
Enstar Group Ltd., 4.95%, 06/01/29 (Call 03/01/29) |
10 | 9,167 | ||||||
|
Equitable Holdings Inc. |
||||||||
|
4.35%, 04/20/28 (Call 01/20/28) |
55 | 52,280 | ||||||
|
5.59%, 01/11/33 (Call 10/11/32) |
25 | 24,774 | ||||||
|
F&G Global Funding, 2.00%, 09/20/28(b) |
20 | 16,660 | ||||||
|
Fairfax Financial Holdings Ltd. |
||||||||
|
4.85%, 04/17/28 (Call 01/17/28) |
30 | 28,755 | ||||||
|
5.63%, 08/16/32 (Call 05/16/32)(b) |
25 | 23,743 | ||||||
|
Fidelity
National Financial Inc., 3.40%, 06/15/30 |
5 | 4,303 | ||||||
|
First American Financial Corp. |
||||||||
|
2.40%, 08/15/31 (Call 05/15/31) |
15 | 11,237 | ||||||
|
4.00%, 05/15/30 (Call 02/15/30) |
15 | 13,198 | ||||||
|
Global Atlantic Fin Co. |
||||||||
|
3.13%, 06/15/31 (Call 03/15/31)(b) |
20 | 15,591 | ||||||
|
4.40%, 10/15/29 (Call 07/15/29)(b) |
25 | 21,594 | ||||||
|
Globe Life Inc. |
||||||||
|
4.55%, 09/15/28 (Call 06/15/28) |
5 | 4,909 | ||||||
|
4.80%, 06/15/32 (Call 03/15/32) |
15 | 14,339 | ||||||
|
Great-West
Lifeco Finance 2018 LP, 4.05%, 05/17/28 |
15 | 14,063 | ||||||
|
Hartford Financial Services Group Inc. (The), 2.80%, 08/19/29 (Call 05/19/29) |
5 | 4,306 | ||||||
|
Hub International Ltd., 5.63%, 12/01/29 (Call 12/01/24)(b) |
5 | 4,300 | ||||||
|
Jackson National Life Global Funding, 3.05%, 06/21/29(b) |
50 | 42,578 | ||||||
|
Jones Deslauriers Insurance Management Inc., 10.50%, 12/15/30 (Call 12/15/25) |
5 | 5,089 | ||||||
|
Kemper Corp., 2.40%, 09/30/30 (Call 06/30/30) |
35 | 27,218 | ||||||
|
Liberty Mutual Group Inc., 4.57%, 02/01/29(b) |
30 | 28,357 | ||||||
|
Lincoln National Corp. |
||||||||
|
3.05%, 01/15/30 (Call 10/15/29) |
35 | 29,564 | ||||||
|
3.40%, 01/15/31 (Call 10/15/30) |
15 | 12,638 | ||||||
|
3.40%, 03/01/32 (Call 12/01/31) |
10 | 8,297 | ||||||
|
Manulife Financial Corp., 3.70%, 03/16/32 (Call 12/16/31) |
25 | 22,435 | ||||||
|
Marsh & McLennan Companies Inc. |
||||||||
|
4.38%, 03/15/29 (Call 12/15/28) |
41 | 39,081 | ||||||
|
5.75%, 11/01/32 (Call 08/01/32) |
10 | 10,386 | ||||||
|
MetLife Inc., 4.55%, 03/23/30 (Call 12/23/29) |
110 | 108,127 | ||||||
|
MGIC Investment Corp., 5.25%, 08/15/28 (Call 08/15/23) |
5 | 4,673 | ||||||
|
New York Life Global Funding, 4.55%, 01/28/33 |
30 | 28,850 | ||||||
|
Northwestern Mutual Global Funding, 1.70%, 06/01/28(b) |
5 | 4,239 | ||||||
|
Ohio National Financial Services Inc., 6.80%, 01/24/30 (Call 10/24/29)(b) |
10 | 9,550 | ||||||
|
PartnerRe Finance B LLC, 3.70%, 07/02/29 (Call 04/02/29) |
5 | 4,519 | ||||||
|
Principal
Financial Group Inc., 2.13%, 06/15/30 |
30 | 24,460 | ||||||
|
Principal Life Global Funding II, 2.50%, 09/16/29(b) |
5 | 4,243 | ||||||
|
Progressive Corp. (The), 3.00%, 03/15/32 (Call 12/15/31) |
25 | 21,634 | ||||||
|
Protective Life Corp. |
||||||||
|
3.40%, 01/15/30 (Call 10/15/29)(b) |
35 | 30,565 | ||||||
|
4.30%, 09/30/28 (Call 06/30/28)(b) |
15 | 14,020 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Insurance (continued) | ||||||||
|
Prudential Financial Inc. |
||||||||
|
3.70%,
10/01/50 (Call 07/01/30), |
$ | 35 | $ | 29,588 | ||||
|
6.00%,
09/01/52 (Call 06/01/32), |
35 | 33,954 | ||||||
|
Prudential PLC, 3.13%, 04/14/30 |
45 | 39,605 | ||||||
|
Reinsurance Group of America Inc., 3.90%, 05/15/29 (Call 02/15/29) |
25 | 22,895 | ||||||
|
Ryan
Specialty Group LLC, 4.38%, 02/01/30 |
8 | 6,846 | ||||||
|
Sagicor
Financial Co. Ltd., 5.30%, 05/13/28 |
5 | 4,778 | ||||||
|
Sammons Financial Group Inc. |
||||||||
|
3.35%, 04/16/31 (Call 01/16/31)(b) |
10 | 7,801 | ||||||
|
4.75%, 04/08/32 (Call 01/08/32)(b) |
15 | 12,728 | ||||||
|
Stewart Information Services Corp., 3.60%, 11/15/31 (Call 08/15/31) |
10 | 7,735 | ||||||
|
Unum Group, 4.00%, 06/15/29 (Call 03/15/29) |
10 | 9,135 | ||||||
|
Willis
North America Inc., 2.95%, 09/15/29 |
20 | 17,089 | ||||||
|
Wilton
RE Ltd., 6.00%, (Call 10/22/30), |
5 | 4,473 | ||||||
|
|
|
|||||||
| 1,499,020 | ||||||||
| Internet — 0.6% | ||||||||
|
Acuris Finance Us Inc./Acuris Finance SARL, 5.00%, 05/01/28 (Call 05/01/24)(b) |
5 | 3,999 | ||||||
|
Alibaba
Group Holding Ltd., 2.13%, 02/09/31 |
20 | 15,960 | ||||||
|
Amazon.com Inc. |
||||||||
|
2.10%, 05/12/31 (Call 02/12/31) |
100 | 82,180 | ||||||
|
3.45%, 04/13/29 (Call 02/13/29) |
75 | 69,674 | ||||||
|
3.60%, 04/13/32 (Call 01/13/32) |
50 | 45,744 | ||||||
|
4.65%, 12/01/29 (Call 10/01/29) |
25 | 24,642 | ||||||
|
4.70%, 12/01/32 (Call 09/01/32) |
25 | 24,702 | ||||||
|
ANGI Group LLC, 3.88%, 08/15/28 (Call 08/15/23)(b)(c) |
10 | 7,699 | ||||||
|
Arches Buyer Inc. |
||||||||
|
4.25%, 06/01/28 (Call 12/01/23)(b) |
12 | 9,871 | ||||||
|
6.13%, 12/01/28 (Call 12/01/23)(b)(c) |
5 | 4,115 | ||||||
|
Booking Holdings Inc., 4.63%, 04/13/30 (Call 01/13/30) |
35 | 33,966 | ||||||
|
Cablevision
Lightpath LLC, 5.63%, 09/15/28 |
8 | 5,953 | ||||||
|
Cars.com Inc., 6.38%, 11/01/28 (Call 11/01/23)(b) |
3 | 2,753 | ||||||
|
eBay Inc., 2.70%, 03/11/30 (Call 12/11/29) |
43 | 36,531 | ||||||
|
Endurance International Group Holdings Inc., 6.00%, 02/15/29 (Call 02/15/24)(b) |
10 | 7,276 | ||||||
|
Expedia Group Inc. |
||||||||
|
2.95%, 03/15/31 (Call 12/15/30)(c) |
17 | 13,666 | ||||||
|
3.25%, 02/15/30 (Call 11/15/29) |
10 | 8,436 | ||||||
|
Go Daddy Operating Co. LLC/GD Finance Co. Inc., 3.50%, 03/01/29 (Call 03/01/24)(b) |
10 | 8,403 | ||||||
|
ION
Trading Technologies Sarl, 5.75%, 05/15/28 |
5 | 4,082 | ||||||
|
Match Group Holdings II LLC |
||||||||
|
3.63%, 10/01/31 (Call 10/01/26)(b)(c) |
10 | 7,869 | ||||||
|
4.13%, 08/01/30 (Call 05/01/25)(b) |
5 | 4,155 | ||||||
|
4.63%, 06/01/28 (Call 06/01/23)(b) |
5 | 4,464 | ||||||
|
5.63%, 02/15/29 (Call 02/15/24)(b) |
3 | 2,765 | ||||||
|
Meta Platforms Inc., 3.85%, 08/15/32 (Call 05/15/32) |
30 | 26,930 | ||||||
|
Netflix Inc. |
||||||||
|
4.88%, 04/15/28 |
17 | 16,483 | ||||||
|
4.88%, 06/15/30 (Call 03/15/30)(b) |
17 | 16,347 | ||||||
|
5.38%, 11/15/29(b) |
7 | 6,923 | ||||||
|
5.88%, 11/15/28 |
29 | 29,383 | ||||||
| Security |
Par (000) |
Value | ||||||
| Internet (continued) | ||||||||
|
6.38%, 05/15/29 |
$ | 6 | $ | 6,232 | ||||
|
Northwest Fiber LLC/Northwest Fiber Finance Sub Inc., 10.75%, 06/01/28 (Call 06/01/23)(b) |
2 | 1,858 | ||||||
|
NortonLifeLock Inc., 7.13%, 09/30/30 (Call 09/30/25)(b) |
5 | 4,874 | ||||||
|
Prosus NV, 3.06%, 07/13/31 (Call 04/13/31)(d) |
200 | 153,584 | ||||||
|
Rakuten
Group Inc., 6.25%, (Call 04/22/31), |
18 | 11,520 | ||||||
|
Tencent Holdings Ltd., 3.98%, 04/11/29 (Call 01/11/29)(d) |
200 | 183,420 | ||||||
|
Uber Technologies Inc. |
||||||||
|
4.50%, 08/15/29 (Call 08/15/24)(b) |
16 | 14,175 | ||||||
|
6.25%, 01/15/28 (Call 12/17/23)(b) |
7 | 6,888 | ||||||
|
Ziff Davis Inc., 4.63%, 10/15/30 (Call 10/15/25)(b) |
5 | 4,212 | ||||||
|
|
|
|||||||
| 911,734 | ||||||||
| Iron & Steel — 0.1% | ||||||||
|
Allegheny
Technologies Inc., 4.88%, 10/01/29 |
5 | 4,490 | ||||||
|
ArcelorMittal SA, 6.80%, 11/29/32 (Call 08/29/32) |
20 | 20,250 | ||||||
|
Big River Steel LLC/BRS Finance Corp., 6.63%, 01/31/29 (Call 09/15/23)(b) |
5 | 4,881 | ||||||
|
Carpenter Technology Corp. |
||||||||
|
6.38%, 07/15/28 (Call 07/15/23) |
8 | 7,686 | ||||||
|
7.63%, 03/15/30 (Call 03/15/25) |
2 | 1,997 | ||||||
|
Cleveland-Cliffs Inc. |
||||||||
|
4.63%, 03/01/29 (Call 03/01/24)(b) |
8 | 7,307 | ||||||
|
4.88%, 03/01/31 (Call 03/01/26)(b) |
5 | 4,567 | ||||||
|
Commercial Metals Co. |
||||||||
|
3.88%, 02/15/31 (Call 02/15/26) |
5 | 4,224 | ||||||
|
4.13%, 01/15/30 (Call 01/15/25) |
3 | 2,619 | ||||||
|
4.38%, 03/15/32 (Call 03/15/27) |
3 | 2,585 | ||||||
|
Mineral Resources Ltd., 8.50%, 05/01/30 (Call 05/01/25)(b) |
15 | 15,004 | ||||||
|
Nucor Corp., 3.13%, 04/01/32 (Call 01/01/32) |
5 | 4,263 | ||||||
|
Steel Dynamics Inc., 3.45%, 04/15/30 (Call 01/15/30) |
10 | 8,879 | ||||||
|
TMS
International Corp./DE, 6.25%, 04/15/29 |
3 | 2,353 | ||||||
|
U.S. Steel Corp., 6.88%, 03/01/29 (Call 03/01/24)(c) |
5 | 5,002 | ||||||
|
Vale Overseas Ltd., 3.75%, 07/08/30 (Call 04/08/30) |
65 | 56,526 | ||||||
|
|
|
|||||||
| 152,633 | ||||||||
| Leisure Time — 0.1% | ||||||||
|
Brunswick Corp., 4.40%, 09/15/32 (Call 06/15/32) |
45 | 38,261 | ||||||
|
Carnival Corp. |
||||||||
|
4.00%, 08/01/28 (Call 05/01/28)(b) |
30 | 25,363 | ||||||
|
6.00%, 05/01/29 (Call 11/01/24)(b) |
30 | 23,374 | ||||||
|
10.50%, 06/01/30 (Call 06/01/25)(b)(c) |
12 | 11,622 | ||||||
|
Carnival
Holdings Bermuda Ltd., 10.38%, 05/01/28 |
30 | 32,101 | ||||||
|
MajorDrive
Holdings IV LLC, 6.38%, 06/01/29 |
10 | 7,770 | ||||||
|
NCL Corp. Ltd., 7.75%, 02/15/29 (Call 11/15/28)(b) |
5 | 4,351 | ||||||
|
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(b) |
8 | 6,665 | ||||||
|
Royal Caribbean Cruises Ltd. |
||||||||
|
3.70%, 03/15/28 (Call 12/15/27) |
5 | 3,995 | ||||||
|
5.50%, 04/01/28 (Call 09/29/27)(b) |
21 | 18,307 | ||||||
|
7.25%, 01/15/30 (Call 12/15/25)(b) |
10 | 10,025 | ||||||
|
8.25%, 01/15/29 (Call 04/01/25)(b) |
15 | 15,558 | ||||||
|
9.25%, 01/15/29 (Call 04/01/25)(b)(c) |
10 | 10,607 | ||||||
|
Viking Cruises Ltd., 7.00%, 02/15/29 (Call 02/15/24)(b) |
4 | 3,441 | ||||||
|
Viking
Ocean Cruises Ship VII Ltd., 5.63%, 02/15/29 |
3 | 2,576 | ||||||
|
Vista Outdoor Inc., 4.50%, 03/15/29 (Call 03/15/24)(b) |
10 | 8,085 | ||||||
|
|
|
|||||||
| 222,101 | ||||||||
| 24 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
| Lodging — 0.2% | ||||||||
|
Boyd Gaming Corp., 4.75%, 06/15/31 (Call 06/15/26)(b) |
$ | 17 | $ | 15,012 | ||||
|
Hilton Domestic Operating Co. Inc. |
||||||||
|
3.63%, 02/15/32 (Call 08/15/26)(b) |
26 | 21,337 | ||||||
|
3.75%, 05/01/29 (Call 05/01/24)(b) |
6 | 5,222 | ||||||
|
4.00%, 05/01/31 (Call 05/01/26)(b) |
18 | 15,300 | ||||||
|
4.88%, 01/15/30 (Call 01/15/25) |
10 | 9,169 | ||||||
|
5.75%, 05/01/28 (Call 05/01/23)(b) |
4 | 3,893 | ||||||
|
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc |
||||||||
|
4.88%, 07/01/31 (Call 07/01/26)(b) |
5 | 4,204 | ||||||
|
5.00%, 06/01/29 (Call 06/01/24)(b) |
16 | 14,076 | ||||||
|
Hyatt Hotels Corp., 4.38%, 09/15/28 (Call 06/15/28) |
12 | 11,340 | ||||||
|
Las Vegas Sands Corp., 3.90%, 08/08/29 (Call 05/08/29) |
10 | 8,719 | ||||||
|
Marriott International Inc./MD |
||||||||
|
Series FF, 4.63%, 06/15/30 (Call 03/15/30) |
42 | 39,638 | ||||||
|
Series X, 4.00%, 04/15/28 (Call 01/15/28) |
6 | 5,635 | ||||||
|
Marriott
Ownership Resorts Inc., 4.50%, 06/15/29 |
10 | 8,384 | ||||||
|
Melco Resorts Finance Ltd. |
||||||||
|
5.38%, 12/04/29 (Call 12/04/24)(b) |
15 | 12,430 | ||||||
|
5.75%, 07/21/28 (Call 07/21/23)(b) |
10 | 8,631 | ||||||
|
MGM
Resorts International, 4.75%, 10/15/28 |
6 | 5,377 | ||||||
|
Sands China Ltd. |
||||||||
|
3.35%, 03/08/29 (Call 01/08/29) |
10 | 8,167 | ||||||
|
3.75%, 08/08/31 (Call 05/08/31) |
10 | 7,874 | ||||||
|
4.88%, 06/18/30 (Call 03/18/30) |
15 | 13,036 | ||||||
|
5.90%, 08/08/28 (Call 05/08/28) |
25 | 23,586 | ||||||
|
Station Casinos LLC, 4.63%, 12/01/31 (Call 06/01/31)(b) |
10 | 8,147 | ||||||
|
Studio
City Finance Ltd., 5.00%, 01/15/29 |
17 | 13,085 | ||||||
|
Travel + Leisure Co. |
||||||||
|
4.50%, 12/01/29 (Call 09/01/29)(b) |
7 | 5,896 | ||||||
|
4.63%, 03/01/30 (Call 12/01/29)(b) |
3 | 2,523 | ||||||
|
Wyndham
Hotels & Resorts Inc., 4.38%, 08/15/28 |
5 | 4,540 | ||||||
|
Wynn Macau Ltd. |
||||||||
|
5.13%, 12/15/29 (Call 12/15/24)(b)(c) |
8 | 6,529 | ||||||
|
5.63%, 08/26/28 (Call 08/26/23)(b) |
20 | 17,054 | ||||||
|
|
|
|||||||
| 298,804 | ||||||||
| Machinery — 0.2% | ||||||||
|
ATS Automation Tooling Systems Inc., 4.13%, 12/15/28 (Call 12/15/23)(b)(c) |
3 | 2,631 | ||||||
|
BWX Technologies Inc. |
||||||||
|
4.13%, 06/30/28 (Call 06/30/23)(b) |
3 | 2,692 | ||||||
|
4.13%, 04/15/29 (Call 04/15/24)(b) |
3 | 2,618 | ||||||
|
Caterpillar Inc., 2.60%, 04/09/30 (Call 01/09/30) |
20 | 17,425 | ||||||
|
Chart Industries Inc. |
||||||||
|
7.50%, 01/01/30 (Call 01/01/26)(b) |
20 | 20,306 | ||||||
|
9.50%, 01/01/31 (Call 01/01/26) |
10 | 10,452 | ||||||
|
Deere & Co., 3.10%, 04/15/30 (Call 01/15/30) |
30 | 26,830 | ||||||
|
GrafTech Finance Inc., 4.63%, 12/15/28 (Call 12/15/23)(b) |
5 | 4,082 | ||||||
|
John Deere Capital Corp. |
||||||||
|
2.00%, 06/17/31 |
20 | 16,145 | ||||||
|
2.45%, 01/09/30 |
25 | 21,517 | ||||||
|
4.35%, 09/15/32 |
25 | 24,078 | ||||||
|
Mueller
Water Products Inc., 4.00%, 06/15/29 |
5 | 4,376 | ||||||
|
nVent Finance Sarl, 4.55%, 04/15/28 (Call 01/15/28) |
10 | 9,269 | ||||||
|
OT Merger Corp., 7.88%, 10/15/29 (Call 10/15/24)(b) |
5 | 3,000 | ||||||
|
Otis Worldwide Corp., 2.57%, 02/15/30 (Call 11/15/29) |
35 | 29,496 | ||||||
|
Rockwell
Automation Inc., 3.50%, 03/01/29 |
5 | 4,635 | ||||||
| Security |
Par (000) |
Value | ||||||
| Machinery (continued) | ||||||||
|
SPX FLOW Inc., 8.75%, 04/01/30 (Call 04/01/25)(b)(c) |
$ | 10 | $ | 8,417 | ||||
|
Terex Corp., 5.00%, 05/15/29 (Call 05/15/24)(b) |
5 | 4,589 | ||||||
|
TK
Elevator Holdco GmbH, 7.63%, 07/15/28 |
5 | 4,588 | ||||||
|
Vertiv Group Corp., 4.13%, 11/15/28 (Call 11/15/24)(b) |
11 | 9,548 | ||||||
|
Westinghouse Air Brake Technologies Corp., 4.95%, 09/15/28 (Call 06/15/28) |
40 | 38,601 | ||||||
|
Xylem Inc./NY, 2.25%, 01/30/31 (Call 10/30/30) |
5 | 4,036 | ||||||
|
|
|
|||||||
| 269,331 | ||||||||
| Manufacturing — 0.1% | ||||||||
|
3M Co. |
||||||||
|
2.38%, 08/26/29 (Call 05/26/29) |
15 | 12,594 | ||||||
|
3.63%, 09/14/28 (Call 06/14/28)(c) |
15 | 13,922 | ||||||
|
Amsted Industries Inc., 4.63%, 05/15/30 (Call 05/15/25)(b) |
3 | 2,637 | ||||||
|
Carlisle Companies Inc., 2.75%, 03/01/30 (Call 12/01/29) |
35 | 29,212 | ||||||
|
Hillenbrand Inc., 3.75%, 03/01/31 (Call 03/01/26) |
3 | 2,448 | ||||||
|
LSB Industries Inc., 6.25%, 10/15/28 (Call 10/15/24)(b) |
7 | 6,372 | ||||||
|
Parker-Hannifin Corp., 3.25%, 06/14/29 (Call 03/14/29) |
60 | 53,423 | ||||||
|
Pentair Finance Sarl, 4.50%, 07/01/29 (Call 04/01/29) |
5 | 4,589 | ||||||
|
Teledyne
Technologies Inc., 2.75%, 04/01/31 |
25 | 20,454 | ||||||
|
Textron Inc., 3.00%, 06/01/30 (Call 03/01/30) |
25 | 21,671 | ||||||
|
|
|
|||||||
| 167,322 | ||||||||
|
Media — 0.8% |
| |||||||
|
Altice Financing SA, 5.75%, 08/15/29 (Call 08/15/24)(b) |
25 | 20,484 | ||||||
|
AMC Networks Inc., 4.25%, 02/15/29 (Call 02/15/24) |
15 | 11,043 | ||||||
|
Audacy Capital Corp., 6.75%, 03/31/29 (Call 03/31/24)(b) |
5 | 721 | ||||||
|
Cable One Inc., 4.00%, 11/15/30 (Call 11/15/25)(b)(c) |
7 | 5,469 | ||||||
|
CCO Holdings LLC/CCO Holdings Capital Corp. |
||||||||
|
4.25%, 02/01/31 (Call 07/01/25)(b) |
72 | 57,765 | ||||||
|
4.50%, 08/15/30 (Call 02/15/25)(b) |
30 | 24,738 | ||||||
|
4.50%, 05/01/32 (Call 05/01/26) |
25 | 19,790 | ||||||
|
4.75%, 03/01/30 (Call 09/01/24)(b) |
37 | 31,115 | ||||||
|
4.75%, 02/01/32 (Call 02/01/27)(b) |
15 | 12,217 | ||||||
|
5.38%, 06/01/29 (Call 06/01/24)(b) |
21 | 18,738 | ||||||
|
6.38%, 09/01/29 (Call 09/01/25)(b) |
15 | 13,992 | ||||||
|
7.38%, 03/01/31 (Call 03/01/26)(b) |
20 | 19,405 | ||||||
|
Charter Communications Operating LLC/Charter Communications Operating Capital |
||||||||
|
2.25%, 01/15/29 (Call 11/15/28) |
10 | 8,015 | ||||||
|
4.20%, 03/15/28 (Call 12/15/27) |
15 | 13,778 | ||||||
|
5.05%, 03/30/29 (Call 12/30/28) |
55 | 51,333 | ||||||
|
Comcast Corp. |
||||||||
|
3.40%, 04/01/30 (Call 01/01/30) |
25 | 22,563 | ||||||
|
4.15%, 10/15/28 (Call 07/15/28) |
35 | 33,463 | ||||||
|
4.25%, 10/15/30 (Call 07/15/30) |
65 | 61,768 | ||||||
|
4.25%, 01/15/33 |
10 | 9,346 | ||||||
|
4.65%, 02/15/33 (Call 11/15/32) |
40 | 38,611 | ||||||
|
5.50%, 11/15/32 (Call 08/15/32) |
30 | 30,836 | ||||||
|
Cox
Communications Inc., 1.80%, 10/01/30 |
10 | 7,703 | ||||||
|
CSC Holdings LLC |
||||||||
|
3.38%, 02/15/31 (Call 02/15/26)(b) |
10 | 6,859 | ||||||
|
4.13%, 12/01/30 (Call 12/01/25)(b) |
10 | 7,170 | ||||||
|
4.50%, 11/15/31 (Call 11/15/26)(b) |
20 | 14,258 | ||||||
|
4.63%, 12/01/30 (Call 12/01/25)(b) |
25 | 13,459 | ||||||
|
5.00%, 11/15/31 (Call 11/15/26)(b) |
3 | 1,599 | ||||||
|
5.75%, 01/15/30 (Call 01/15/25)(b) |
65 | 37,211 | ||||||
|
6.50%, 02/01/29 (Call 02/01/24)(b) |
18 | 15,261 | ||||||
|
7.50%, 04/01/28 (Call 04/01/23)(b) |
5 | 3,345 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Media (continued) |
||||||||
|
Discovery
Communications LLC |
$ | 35 | $ | 29,933 | ||||
|
4.13%, 05/15/29 (Call 02/15/29) |
35 | 31,353 | ||||||
|
DISH
DBS Corp. |
33 | 26,357 | ||||||
|
7.38%, 07/01/28 (Call 07/01/23) |
12 | 8,212 | ||||||
|
5.13%, 06/01/29 |
20 | 11,822 | ||||||
|
Fox Corp., 4.71%, 01/25/29 (Call 10/25/28) |
70 | 66,816 | ||||||
|
GCI LLC, 4.75%, 10/15/28 (Call 10/15/23)(b) |
5 | 4,286 | ||||||
|
Gray Escrow II Inc., 5.38%, 11/15/31 (Call 11/15/26)(b) |
19 | 14,108 | ||||||
|
Gray
Television Inc., 4.75%, 10/15/30 |
16 | 11,729 | ||||||
|
Grupo Televisa SAB, 8.50%, 03/11/32 |
15 | 17,585 | ||||||
|
LCPR
Senior Secured Financing DAC, |
10 | 8,406 | ||||||
|
Liberty
Interactive LLC |
5 | 2,040 | ||||||
|
8.50%, 07/15/29(c) |
2 | 895 | ||||||
|
McGraw-Hill
Education Inc. |
16 | 14,014 | ||||||
|
8.00%, 08/01/29 (Call 08/01/24)(b) |
7 | 5,976 | ||||||
|
News
Corp. |
17 | 14,570 | ||||||
|
5.13%, 02/15/32 (Call 02/15/27)(b) |
10 | 8,895 | ||||||
|
Nexstar Media Inc., 4.75%, 11/01/28 (Call 11/01/23)(b) |
12 | 10,484 | ||||||
|
Paramount
Global |
55 | 49,310 | ||||||
|
4.20%, 06/01/29 (Call 03/01/29) |
5 | 4,493 | ||||||
|
4.20%, 05/19/32 (Call 02/19/32) |
5 | 4,117 | ||||||
|
4.95%, 01/15/31 (Call 11/15/30) |
50 | 44,737 | ||||||
|
Radiate Holdco LLC/Radiate Finance Inc., 6.50%, 09/15/28 (Call 09/15/23)(b) |
13 | 6,113 | ||||||
|
Scripps
Escrow II Inc. |
5 | 3,984 | ||||||
|
5.38%, 01/15/31 (Call 01/15/26)(b)(c) |
5 | 3,535 | ||||||
|
Sinclair
Television Group Inc. |
15 | 11,624 | ||||||
|
5.50%, 03/01/30 (Call 12/01/24)(b)(c) |
5 | 3,679 | ||||||
|
Sirius XM Radio Inc. |
||||||||
|
3.88%, 09/01/31 (Call 09/01/26)(b) |
21 | 16,332 | ||||||
|
4.00%, 07/15/28 (Call 07/15/24)(b) |
24 | 20,540 | ||||||
|
4.13%, 07/01/30 (Call 07/01/25)(b) |
26 | 21,227 | ||||||
|
5.50%, 07/01/29 (Call 07/01/24)(b) |
15 | 13,522 | ||||||
|
TEGNA
Inc. |
10 | 8,897 | ||||||
|
5.00%, 09/15/29 (Call 09/15/24) |
13 | 11,558 | ||||||
|
TWDC Enterprises 18 Corp., Series B, 7.00%, 03/01/32 |
10 | 11,296 | ||||||
|
Univision
Communications Inc. |
11 | 9,278 | ||||||
|
7.38%, 06/30/30 (Call 06/30/25)(b) |
15 | 14,232 | ||||||
|
UPC
Broadband Finco BV, 4.88%, 07/15/31 |
30 | 25,324 | ||||||
|
Videotron Ltd., 3.63%, 06/15/29 (Call 06/15/24)(b) |
5 | 4,214 | ||||||
|
Virgin
Media Finance PLC, 5.00%, 07/15/30 |
20 | 16,366 | ||||||
|
Virgin Media Secured Finance PLC |
||||||||
|
4.50%, 08/15/30 (Call 08/15/25)(b) |
10 | 8,281 | ||||||
|
5.50%, 05/15/29 (Call 05/15/24)(b) |
20 | 18,094 | ||||||
|
Virgin
Media Vendor Financing Notes IV DAC, 5.00%, |
5 | 4,355 | ||||||
|
VZ
Secured Financing BV, 5.00%, 01/15/32 |
20 | 16,542 | ||||||
| Security | Par (000) |
Value | ||||||
|
Media (continued) |
||||||||
|
Walt Disney Co. (The) |
||||||||
|
2.65%, 01/13/31 |
$ | 45 | $ | 38,329 | ||||
|
3.80%, 03/22/30 |
25 | 23,237 | ||||||
|
Warner Media LLC, 7.63%, 04/15/31(c) |
5 | 5,229 | ||||||
|
Ziggo
Bond Co. BV, 5.13%, 02/28/30 |
9 | 7,242 | ||||||
|
Ziggo BV, 4.88%, 01/15/30 (Call 10/15/24)(b) |
10 | 8,475 | ||||||
|
|
|
|||||||
| 1,333,698 | ||||||||
| Metal Fabricate & Hardware — 0.0% | ||||||||
|
Advanced
Drainage Systems Inc., 6.38%, 06/15/30 |
5 | 4,791 | ||||||
|
Roller
Bearing Co of America Inc., 4.38%, 10/15/29 |
10 | 8,654 | ||||||
|
|
|
|||||||
| 13,445 | ||||||||
| Mining — 0.4% | ||||||||
|
BHP
Billiton Finance USA Ltd., 4.90%, 02/28/33 |
10 | 9,958 | ||||||
|
Century
Aluminum Co., 7.50%, 04/01/28 |
2 | 1,871 | ||||||
|
Coeur
Mining Inc., 5.13%, 02/15/29 |
8 | 6,057 | ||||||
|
Constellium SE, 3.75%, 04/15/29 (Call 04/15/24)(b) |
5 | 4,144 | ||||||
|
Corp.
Nacional del Cobre de Chile, |
200 | 179,304 | ||||||
|
FMG Resources August 2006 Pty Ltd., 4.38%, 04/01/31 (Call 01/01/31)(b) |
21 | 17,754 | ||||||
|
FMG
Resources August Pty. Ltd. |
5 | 4,729 | ||||||
|
6.13%, 04/15/32 (Call 01/15/32)(b) |
11 | 10,384 | ||||||
|
Freeport-McMoRan
Inc. |
20 | 18,110 | ||||||
|
4.63%, 08/01/30 (Call 08/01/25) |
30 | 27,904 | ||||||
|
5.25%, 09/01/29 (Call 09/01/24) |
35 | 33,799 | ||||||
|
Glencore
Funding LLC, 2.50%, 09/01/30 |
85 | 69,026 | ||||||
|
Hudbay
Minerals Inc., 6.13%, 04/01/29 |
10 | 8,826 | ||||||
|
Indonesia
Asahan Aluminium Persero PT, |
200 | 206,768 | ||||||
|
Kaiser
Aluminum Corp. |
15 | 11,877 | ||||||
|
4.63%, 03/01/28 (Call 03/01/23)(b) |
3 | 2,580 | ||||||
|
Newcastle Coal Infrastructure Group Pty Ltd., 4.70%, 05/12/31 (Call 02/12/31)(b) |
10 | 8,220 | ||||||
|
Newmont Corp. |
||||||||
|
2.60%, 07/15/32 (Call 04/15/32) |
25 | 19,927 | ||||||
|
2.80%, 10/01/29 (Call 07/01/29) |
10 | 8,509 | ||||||
|
Novelis
Corp. |
10 | 8,087 | ||||||
|
4.75%, 01/30/30 (Call 01/30/25)(b) |
22 | 19,318 | ||||||
|
Rio Tinto Finance USA Ltd., 7.13%, 07/15/28 |
20 | 21,963 | ||||||
|
South32
Treasury Ltd., 4.35%, 04/14/32 |
25 | 22,034 | ||||||
|
Teck
Resources Ltd., 3.90%, 07/15/30 |
10 | 8,956 | ||||||
|
|
|
|||||||
| 730,105 | ||||||||
| Office & Business Equipment — 0.0% | ||||||||
|
CDW
LLC/CDW Finance Corp. |
20 | 16,946 | ||||||
|
3.57%, 12/01/31 (Call 09/01/31) |
10 | 8,278 | ||||||
|
Pitney
Bowes Inc., 7.25%, 03/15/29 |
8 | 6,295 | ||||||
|
Xerox
Holdings Corp., 5.50%, 08/15/28 |
11 | 9,233 | ||||||
|
|
|
|||||||
| 40,752 | ||||||||
| Office Furnishings — 0.0% | ||||||||
|
Interface Inc., 5.50%, 12/01/28 (Call 12/01/23)(b) |
5 | 4,100 | ||||||
|
Steelcase Inc., 5.13%, 01/18/29 (Call 10/18/28)(c) |
4 | 3,398 | ||||||
|
|
|
|||||||
| 7,498 | ||||||||
| 26 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Oil & Gas — 1.5% |
||||||||
|
Antero
Resources Corp. |
$ | 5 | $ | 4,575 | ||||
|
7.63%, 02/01/29 (Call 02/01/24)(b) |
4 | 4,045 | ||||||
|
Apache
Corp. |
5 | 4,433 | ||||||
|
4.38%, 10/15/28 (Call 07/15/28) |
5 | 4,575 | ||||||
|
7.75%, 12/15/29 |
7 | 7,278 | ||||||
|
Ascent
Resources Utica Holdings LLC/ARU Finance Corp. |
3 | 2,610 | ||||||
|
8.25%, 12/31/28 (Call 02/01/24)(b) |
2 | 1,949 | ||||||
|
BP
Capital Markets America Inc. |
20 | 16,759 | ||||||
|
3.63%, 04/06/30 (Call 01/06/30) |
60 | 54,967 | ||||||
|
3.94%, 09/21/28 (Call 06/21/28) |
25 | 23,792 | ||||||
|
4.81%, 02/13/33 (Call 11/13/32) |
10 | 9,822 | ||||||
|
Callon
Petroleum Co. |
10 | 9,389 | ||||||
|
8.00%, 08/01/28 (Call 08/01/24)(b)(c) |
5 | 4,905 | ||||||
|
Chesapeake
Energy Corp. |
5 | 4,676 | ||||||
|
6.75%, 04/15/29 (Call 04/15/24)(b) |
12 | 11,622 | ||||||
|
Chevron Corp., 2.24%, 05/11/30 (Call 02/11/30) |
30 | 25,647 | ||||||
|
Chevron USA Inc., 3.25%, 10/15/29 (Call 07/15/29) |
10 | 9,098 | ||||||
|
CNOOC
Petroleum North America ULC, |
100 | 119,149 | ||||||
|
CNX
Resources Corp. |
4 | 3,626 | ||||||
|
7.38%, 01/15/31 (Call 01/15/26)(b) |
4 | 3,816 | ||||||
|
Colgate
Energy Partners III LLC, 5.88%, 07/01/29 |
5 | 4,492 | ||||||
|
Comstock
Resources Inc. |
9 | 7,740 | ||||||
|
6.75%, 03/01/29 (Call 03/01/24)(b) |
25 | 23,004 | ||||||
|
ConocoPhillips Co., 6.95%, 04/15/29 |
70 | 76,813 | ||||||
|
Continental
Resources Inc./OK |
10 | 7,567 | ||||||
|
5.75%, 01/15/31 (Call 07/15/30)(b) |
25 | 23,672 | ||||||
|
Coterra Energy Inc., 4.38%, 03/15/29 (Call 12/15/28) |
20 | 18,461 | ||||||
|
CrownRock LP/CrownRock Finance Inc., 5.00%, 05/01/29 (Call 05/01/24)(b) |
13 | 11,790 | ||||||
|
Devon
Energy Corp., 4.50%, 01/15/30 |
60 | 55,816 | ||||||
|
Diamondback Energy Inc. |
||||||||
|
3.13%, 03/24/31 (Call 12/24/30) |
15 | 12,586 | ||||||
|
3.50%, 12/01/29 (Call 09/01/29) |
35 | 30,928 | ||||||
|
Ecopetrol
SA |
20 | 14,932 | ||||||
|
6.88%, 04/29/30 (Call 01/29/30) |
55 | 49,046 | ||||||
|
8.88%, 01/13/33 (Call 10/13/32) |
40 | 39,281 | ||||||
|
Encino Acquisition Partners Holdings LLC, 8.50%, 05/01/28 (Call 05/01/24)(b) |
10 | 8,797 | ||||||
|
Energean
Israel Finance Ltd., 5.88%, 03/30/31 |
27 | 23,501 | ||||||
|
EQT
Corp. |
5 | 4,222 | ||||||
|
5.00%, 01/15/29 (Call 07/15/28) |
20 | 18,752 | ||||||
|
7.00%, 02/01/30 (Call 11/01/29) |
55 | 56,743 | ||||||
|
Equinor
ASA |
55 | 46,851 | ||||||
|
3.63%, 09/10/28 (Call 06/10/28) |
40 | 37,899 | ||||||
|
Exxon
Mobil Corp. |
15 | 13,212 | ||||||
| Security | Par (000) |
Value | ||||||
|
Oil & Gas (continued) |
||||||||
|
3.48%, 03/19/30 (Call 12/19/29) |
$ | 60 | $ | 55,592 | ||||
|
Global Marine Inc., 7.00%, 06/01/28 |
2 | 1,616 | ||||||
|
Helmerich &
Payne Inc., 2.90%, 09/29/31 |
10 | 8,188 | ||||||
|
Hess
Corp. |
15 | 16,279 | ||||||
|
7.88%, 10/01/29 |
15 | 16,502 | ||||||
|
HF Sinclair Corp., 4.50%, 10/01/30 (Call 07/01/30) |
15 | 13,346 | ||||||
|
Hilcorp
Energy I LP/Hilcorp Finance Co. |
10 | 9,075 | ||||||
|
6.00%, 04/15/30 (Call 04/15/25)(b) |
5 | 4,539 | ||||||
|
6.00%, 02/01/31 (Call 02/01/26)(b) |
15 | 13,509 | ||||||
|
6.25%, 11/01/28 (Call 11/01/23)(b) |
10 | 9,306 | ||||||
|
6.25%, 04/15/32 (Call 04/15/27)(b) |
5 | 4,529 | ||||||
|
Laredo
Petroleum Inc. |
3 | 2,591 | ||||||
|
10.13%, 01/15/28 (Call 01/15/24) |
3 | 2,962 | ||||||
|
Leviathan
Bond Ltd., 6.75%, 06/30/30 |
35 | 32,718 | ||||||
|
MEG Energy Corp., 5.88%, 02/01/29 (Call 02/01/24)(b) |
5 | 4,665 | ||||||
|
Murphy
Oil Corp. |
5 | 4,852 | ||||||
|
7.05%, 05/01/29 |
5 | 4,989 | ||||||
|
Northern
Oil and Gas Inc., 8.13%, 03/01/28 |
5 | 4,873 | ||||||
|
Occidental
Petroleum Corp. |
13 | 11,587 | ||||||
|
6.13%, 01/01/31 (Call 07/01/30) |
19 | 19,133 | ||||||
|
6.38%, 09/01/28 (Call 03/01/28) |
5 | 5,049 | ||||||
|
6.63%, 09/01/30 (Call 03/01/30) |
26 | 26,713 | ||||||
|
7.50%, 05/01/31 |
11 | 11,768 | ||||||
|
7.88%, 09/15/31 |
6 | 6,512 | ||||||
|
8.88%, 07/15/30 (Call 01/15/30) |
8 | 9,093 | ||||||
|
Ovintiv Inc., 8.13%, 09/15/30 |
10 | 10,916 | ||||||
|
Parkland
Corp. |
6 | 5,041 | ||||||
|
4.63%, 05/01/30 (Call 05/01/25)(b) |
16 | 13,391 | ||||||
|
Patterson-UTI Energy Inc., 5.15%,
11/15/29 |
3 | 2,677 | ||||||
|
Petrobras
Global Finance BV, 5.60%, 01/03/31 |
260 | 239,392 | ||||||
|
Petroleos
Mexicanos |
35 | 26,816 | ||||||
|
6.50%, 01/23/29 |
15 | 13,010 | ||||||
|
6.70%, 02/16/32 (Call 11/16/31) |
150 | 119,116 | ||||||
|
6.84%, 01/23/30 (Call 10/23/29) |
113 | 94,387 | ||||||
|
8.75%, 06/02/29 (Call 04/02/29) |
10 | 9,420 | ||||||
|
Petronas
Capital Ltd., 2.48%, 01/28/32 |
200 | 165,550 | ||||||
|
Phillips
66 |
55 | 43,958 | ||||||
|
3.75%, 03/01/28 (Call 12/01/27)(b) |
10 | 9,235 | ||||||
|
Pioneer
Natural Resources Co., 1.90%, 08/15/30 |
55 | 42,952 | ||||||
|
Precision
Drilling Corp., 6.88%, 01/15/29 |
8 | 7,210 | ||||||
|
Range
Resources Corp. |
5 | 4,476 | ||||||
|
8.25%, 01/15/29 (Call 01/15/24) |
14 | 14,422 | ||||||
|
Rockcliff
Energy II LLC, 5.50%, 10/15/29 |
10 | 9,209 | ||||||
|
Santos
Finance Ltd., 3.65%, 04/29/31 |
5 | 4,121 | ||||||
|
Saudi
Arabian Oil Co., 2.25%, 11/24/30 |
200 | 164,404 | ||||||
|
Shell
International Finance BV, 3.88%, 11/13/28 |
80 | 76,421 | ||||||
|
SM Energy Co., 6.50%, 07/15/28 (Call 07/15/24) |
3 | 2,775 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Oil & Gas (continued) |
||||||||
|
Southwestern
Energy Co. |
$ | 18 | $ | 15,485 | ||||
|
5.38%, 02/01/29 (Call 02/01/24) |
5 | 4,679 | ||||||
|
5.38%, 03/15/30 (Call 03/15/25) |
14 | 12,796 | ||||||
|
8.38%, 09/15/28 (Call 09/15/23) |
3 | 3,137 | ||||||
|
Sunoco
LP/Sunoco Finance Corp. |
13 | 11,407 | ||||||
|
4.50%, 04/30/30 (Call 04/30/25) |
11 | 9,548 | ||||||
|
Teine
Energy Ltd., 6.88%, 04/15/29 |
8 | 7,392 | ||||||
|
Tosco Corp., 8.13%, 02/15/30 |
30 | 34,909 | ||||||
|
TotalEnergies
Capital International SA |
35 | 30,897 | ||||||
|
3.45%, 02/19/29 (Call 11/19/28) |
25 | 23,117 | ||||||
|
TotalEnergies Capital SA, 3.88%, 10/11/28 |
4 | 3,841 | ||||||
|
Transocean
Inc. |
8 | 6,255 | ||||||
|
8.75%, 02/15/30 (Call 02/15/26)(b) |
15 | 15,262 | ||||||
|
Transocean
Titan Financing Ltd., 8.38%, 02/01/28 |
10 | 10,205 | ||||||
|
Valero
Energy Corp., 2.80%, 12/01/31 |
20 | 16,255 | ||||||
|
Vermilion
Energy Inc., 6.88%, 05/01/30 |
8 | 7,134 | ||||||
|
Woodside
Finance Ltd., 4.50%, 03/04/29 |
20 | 18,809 | ||||||
|
|
|
|||||||
| 2,522,851 | ||||||||
| Oil & Gas Services — 0.1% | ||||||||
|
Archrock Partners LP/Archrock Partners Finance Corp., 6.25%, 04/01/28 (Call 04/01/23)(b) |
6 | 5,683 | ||||||
|
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., 3.14%, 11/07/29 (Call 08/07/29) |
5 | 4,408 | ||||||
|
Bristow
Group Inc., 6.88%, 03/01/28 |
3 | 2,822 | ||||||
|
Halliburton Co., 2.92%, 03/01/30 (Call 12/01/29) |
25 | 21,623 | ||||||
|
Schlumberger
Holdings Corp. |
10 | 9,401 | ||||||
|
4.30%, 05/01/29 (Call 02/01/29)(b) |
20 | 18,839 | ||||||
|
Schlumberger
Investment SA, 2.65%, 06/26/30 |
15 | 12,907 | ||||||
|
Weatherford
International Ltd. |
5 | 4,908 | ||||||
|
8.63%, 04/30/30 (Call 10/30/24)(b) |
20 | 19,957 | ||||||
|
|
|
|||||||
| 100,548 | ||||||||
| Packaging & Containers — 0.2% | ||||||||
|
Amcor
Flexibles North America Inc. |
15 | 12,422 | ||||||
|
2.69%, 05/25/31 (Call 02/25/31) |
20 | 16,216 | ||||||
|
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC |
||||||||
|
3.25%, 09/01/28 (Call 05/15/24)(b) |
5 | 4,200 | ||||||
|
4.00%, 09/01/29 (Call 05/15/24)(b) |
20 | 16,024 | ||||||
|
Ball
Corp. |
20 | 15,997 | ||||||
|
3.13%, 09/15/31 (Call 06/15/31) |
12 | 9,614 | ||||||
|
6.88%, 03/15/28 (Call 11/15/24) |
10 | 10,111 | ||||||
|
CCL
Industries Inc., 3.05%, 06/01/30 |
10 | 8,262 | ||||||
|
Clearwater
Paper Corp., 4.75%, 08/15/28 |
12 | 10,552 | ||||||
|
Clydesdale
Acquisition Holdings Inc. |
15 | 14,355 | ||||||
|
8.75%, 04/15/30 (Call 04/15/25)(b) |
15 | 13,545 | ||||||
|
Crown
Americas LLC, 5.25%, 04/01/30 |
9 | 8,401 | ||||||
|
Graham
Packaging Co. Inc., 7.13%, 08/15/28 |
6 | 5,196 | ||||||
| Security | Par (000) |
Value | ||||||
|
Packaging & Containers (continued) |
||||||||
|
Graphic
Packaging International LLC |
$ | 6 | $ | 5,247 | ||||
|
3.50%, 03/01/29 (Call 09/01/28)(b) |
5 | 4,319 | ||||||
|
3.75%, 02/01/30 (Call 08/01/29)(b) |
4 | 3,413 | ||||||
|
Intelligent Packaging Ltd. Finco Inc./Intelligent Packaging Ltd. Co-Issuer LLC, 6.00%, 09/15/28 (Call 09/15/23)(b) |
10 | 8,691 | ||||||
|
LABL
Inc. |
10 | 8,674 | ||||||
|
8.25%, 11/01/29 (Call 11/01/24)(b) |
3 | 2,431 | ||||||
|
OI
European Group BV, 4.75%, 02/15/30 |
3 | 2,675 | ||||||
|
Packaging
Corp. of America, 3.00%, 12/15/29 |
20 | 17,221 | ||||||
|
Pactiv
Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc., 4.38%,
10/15/28 |
10 | 8,617 | ||||||
|
Sealed Air Corp., 5.00%, 04/15/29 (Call 04/15/25)(b) |
3 | 2,760 | ||||||
|
Sonoco Products Co., 3.13%, 05/01/30 (Call 02/01/30) |
20 | 17,213 | ||||||
|
TriMas Corp., 4.13%, 04/15/29 (Call 04/15/24)(b) |
3 | 2,613 | ||||||
|
WRKCo
Inc. |
10 | 9,347 | ||||||
|
4.90%, 03/15/29 (Call 12/15/28) |
10 | 9,591 | ||||||
|
|
|
|||||||
| 247,707 | ||||||||
| Pharmaceuticals — 0.8% | ||||||||
|
180 Medical Inc., 3.88%, 10/15/29 (Call 10/07/24)(b) |
6 | 5,251 | ||||||
|
AbbVie
Inc. |
85 | 75,148 | ||||||
|
4.25%, 11/14/28 (Call 08/14/28) |
70 | 66,955 | ||||||
|
AdaptHealth
LLC |
7 | 5,877 | ||||||
|
5.13%, 03/01/30 (Call 03/01/25)(b) |
4 | 3,450 | ||||||
|
6.13%, 08/01/28 (Call 08/01/23)(b) |
3 | 2,768 | ||||||
|
AstraZeneca PLC, 1.38%, 08/06/30 (Call 05/06/30) |
70 | 55,238 | ||||||
|
Bausch
Health Companies Inc. |
10 | 4,319 | ||||||
|
7.25%, 05/30/29 (Call 05/30/24)(b) |
5 | 2,215 | ||||||
|
14.00%, 10/15/30 (Call 10/15/25)(b) |
10 | 6,369 | ||||||
|
Bausch
Health Cos. Inc. |
26 | 16,215 | ||||||
|
5.25%, 01/30/30 (Call 01/30/25)(b) |
10 | 4,313 | ||||||
|
5.25%, 02/15/31 (Call 02/15/26)(b) |
15 | 6,568 | ||||||
|
11.00%, 09/30/28(b) |
25 | 19,661 | ||||||
|
Becton
Dickinson and Co., 1.96%, 02/11/31 |
55 | 43,256 | ||||||
|
BellRing
Brands Inc., 7.00%, 03/15/30 |
11 | 10,886 | ||||||
|
Bristol-Myers
Squibb Co. |
65 | 51,269 | ||||||
|
2.95%, 03/15/32 (Call 12/15/31) |
15 | 12,948 | ||||||
|
3.40%, 07/26/29 (Call 04/26/29) |
17 | 15,579 | ||||||
|
Cigna
Group (The) |
60 | 50,000 | ||||||
|
4.38%, 10/15/28 (Call 07/15/28) |
65 | 62,414 | ||||||
|
5.40%, 03/15/33 (Call 12/15/32) |
10 | 9,991 | ||||||
|
CVS
Health Corp. |
15 | 11,646 | ||||||
|
2.13%, 09/15/31 (Call 06/15/31) |
35 | 27,424 | ||||||
|
3.25%, 08/15/29 (Call 05/15/29) |
45 | 39,740 | ||||||
|
3.75%, 04/01/30 (Call 01/01/30) |
15 | 13,556 | ||||||
|
4.30%, 03/25/28 (Call 12/25/27) |
60 | 57,351 | ||||||
|
Elanco
Animal Health Inc., 6.65%, 08/28/28 |
6 | 5,729 | ||||||
|
Eli
Lilly & Co. |
65 | 60,348 | ||||||
|
4.70%, 02/27/33 (Call 11/27/32) |
10 | 9,945 | ||||||
|
GlaxoSmithKline Capital Inc., 3.88%, 05/15/28 |
25 | 23,820 | ||||||
| 28 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Pharmaceuticals (continued) | ||||||||
|
GlaxoSmithKline
Capital PLC, 3.38%, 06/01/29 |
$ | 15 | $ | 13,710 | ||||
|
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)(b) |
10 | 7,753 | ||||||
|
Jazz
Securities DAC, 4.38%, 01/15/29 |
20 | 17,720 | ||||||
|
Johnson &
Johnson, 1.30%, 09/01/30 |
30 | 24,076 | ||||||
|
Mallinckrodt International Finance SA/Mallinckrodt CB LLC, 11.50%, 12/15/28 (Call 06/15/27)(b) |
15 | 13,447 | ||||||
|
Merck &
Co. Inc. |
15 | 12,000 | ||||||
|
1.90%, 12/10/28 (Call 10/10/28) |
60 | 51,465 | ||||||
|
2.15%, 12/10/31 (Call 09/10/31) |
40 | 32,593 | ||||||
|
3.40%, 03/07/29 (Call 12/07/28) |
30 | 27,853 | ||||||
|
Mylan Inc., 4.55%, 04/15/28 (Call 01/15/28) |
25 | 23,409 | ||||||
|
Option
Care Health Inc., 4.38%, 10/31/29 |
5 | 4,284 | ||||||
|
Organon & Co./Organon Foreign Debt Co.-Issuer BV |
||||||||
|
4.13%, 04/30/28 (Call 04/30/24)(b) |
25 | 22,057 | ||||||
|
5.13%, 04/30/31 (Call 04/30/26)(b) |
25 | 21,308 | ||||||
|
Owens &
Minor Inc. |
9 | 6,908 | ||||||
|
6.63%, 04/01/30 (Call 04/01/25)(b) |
10 | 8,230 | ||||||
|
Perrigo
Finance Unlimited Co., 4.40%, 06/15/30 |
10 | 8,581 | ||||||
|
Pfizer
Inc. |
60 | 52,381 | ||||||
|
3.45%, 03/15/29 (Call 12/15/28) |
50 | 46,588 | ||||||
|
Prestige
Brands Inc., 3.75%, 04/01/31 |
7 | 5,683 | ||||||
|
Viatris Inc., 2.70%, 06/22/30 (Call 03/22/30) |
15 | 11,890 | ||||||
|
Zoetis
Inc. |
24 | 22,726 | ||||||
|
5.60%, 11/16/32 (Call 08/16/32) |
10 | 10,348 | ||||||
|
|
|
|||||||
| 1,225,259 | ||||||||
| Pipelines — 0.8% | ||||||||
|
Antero
Midstream Partners LP/Antero Midstream |
||||||||
|
5.38%, 06/15/29 (Call 06/15/24)(b) |
10 | 9,023 | ||||||
|
5.75%, 01/15/28 (Call 01/15/24)(b) |
5 | 4,694 | ||||||
|
Boardwalk
Pipelines LP |
25 | 21,000 | ||||||
|
4.80%, 05/03/29 (Call 02/03/29) |
5 | 4,739 | ||||||
|
Buckeye
Partners LP, 4.50%, 03/01/28 |
5 | 4,384 | ||||||
|
Cameron
LNG LLC, 2.90%, 07/15/31 |
20 | 17,361 | ||||||
|
Cheniere Corpus Christi Holdings LLC, 3.70%, 11/15/29 (Call 05/18/29) |
25 | 22,524 | ||||||
|
Cheniere
Energy Inc., 4.63%, 10/15/28 |
39 | 36,137 | ||||||
|
Cheniere Energy Partners LP |
||||||||
|
3.25%, 01/31/32 (Call 01/31/27) |
10 | 8,012 | ||||||
|
4.00%, 03/01/31 (Call 03/01/26) |
21 | 18,139 | ||||||
|
4.50%, 10/01/29 (Call 10/01/24) |
11 | 9,972 | ||||||
|
CNX
Midstream Partners LP, 4.75%, 04/15/30 |
13 | 10,675 | ||||||
|
CQP Holdco LP/BIP-V Chinook Holdco LLC, 5.50%, 06/15/31 (Call 06/15/26)(b) |
20 | 17,536 | ||||||
|
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp. |
||||||||
|
6.00%, 02/01/29 (Call 02/01/24)(b) |
7 | 6,362 | ||||||
|
7.38%, 02/01/31 (Call 02/01/26) |
10 | 9,742 | ||||||
|
8.00%, 04/01/29 (Call 04/01/24)(b) |
5 | 4,976 | ||||||
|
DCP
Midstream Operating LP |
3 | 2,489 | ||||||
| Security | Par (000) |
Value | ||||||
| Pipelines (continued) | ||||||||
|
5.13%, 05/15/29 (Call 02/15/29) |
$ | 15 | $ | 14,436 | ||||
|
8.13%, 08/16/30 |
2 | 2,218 | ||||||
|
Delek Logistics Partners LP/Delek Logistics Finance Corp., 7.13%, 06/01/28 (Call 06/01/24)(b) |
3 | 2,681 | ||||||
|
DT
Midstream Inc. |
13 | 11,145 | ||||||
|
4.38%, 06/15/31 (Call 06/15/26)(b) |
17 | 14,245 | ||||||
|
El
Paso Natural Gas Co. LLC, 3.50%, 02/15/32 |
30 | 25,073 | ||||||
|
Enbridge Inc., 3.13%, 11/15/29 (Call 08/15/29) |
25 | 21,785 | ||||||
|
Energy
Transfer LP |
25 | 22,187 | ||||||
|
4.95%, 06/15/28 (Call 03/15/28) |
50 | 48,320 | ||||||
|
5.25%, 04/15/29 (Call 01/15/29) |
25 | 24,376 | ||||||
|
EnLink
Midstream LLC |
7 | 6,529 | ||||||
|
5.63%, 01/15/28 (Call 07/15/27)(b) |
15 | 14,375 | ||||||
|
6.50%, 09/01/30 (Call 03/01/30)(b) |
10 | 9,842 | ||||||
|
Enterprise
Products Operating LLC |
65 | 55,738 | ||||||
|
4.15%, 10/16/28 (Call 07/16/28) |
15 | 14,171 | ||||||
|
EQM
Midstream Partners LP |
17 | 14,216 | ||||||
|
4.75%, 01/15/31 (Call 07/15/30)(b) |
20 | 16,252 | ||||||
|
5.50%, 07/15/28 (Call 04/15/28) |
17 | 15,170 | ||||||
|
7.50%, 06/01/30 (Call 12/01/29)(b) |
5 | 4,783 | ||||||
|
Genesis
Energy LP/Genesis Energy Finance Corp. |
5 | 4,798 | ||||||
|
8.88%, 04/15/30 (Call 04/15/26) |
10 | 10,071 | ||||||
|
Global Partners LP/GLP Finance Corp., 6.88%, 01/15/29 (Call 01/15/24) |
5 | 4,667 | ||||||
|
Harvest
Midstream I LP, 7.50%, 09/01/28 |
6 | 5,788 | ||||||
|
Hess
Midstream Operations LP |
15 | 12,658 | ||||||
|
5.50%, 10/15/30 (Call 10/15/25)(b) |
5 | 4,518 | ||||||
|
ITT Holdings LLC, 6.50%, 08/01/29 (Call 08/01/24)(b) |
14 | 11,512 | ||||||
|
Kinder
Morgan Inc. |
70 | 66,799 | ||||||
|
4.80%, 02/01/33 (Call 11/01/32) |
10 | 9,274 | ||||||
|
Kinetik Holdings LP, 5.88%, 06/15/30 (Call 06/15/25)(b) |
15 | 13,868 | ||||||
|
Midwest
Connector Capital Co. LLC, 4.63%, 04/01/29 |
5 | 4,565 | ||||||
|
MPLX
LP |
30 | 24,629 | ||||||
|
4.00%, 03/15/28 (Call 12/15/27) |
50 | 46,831 | ||||||
|
4.80%, 02/15/29 (Call 11/15/28) |
9 | 8,648 | ||||||
|
4.95%, 09/01/32 (Call 06/01/32) |
10 | 9,407 | ||||||
|
NuStar Logistics LP, 6.38%, 10/01/30 (Call 04/01/30) |
10 | 9,360 | ||||||
|
ONEOK Inc. |
||||||||
|
3.40%, 09/01/29 (Call 06/01/29) |
10 | 8,677 | ||||||
|
4.55%, 07/15/28 (Call 04/15/28) |
30 | 28,499 | ||||||
|
6.10%, 11/15/32 (Call 08/15/32) |
25 | 25,152 | ||||||
|
Plains
All American Pipeline LP/PAA Finance Corp. |
5 | 4,342 | ||||||
|
3.80%, 09/15/30 (Call 06/15/30) |
25 | 21,766 | ||||||
|
Rockies
Express Pipeline LLC |
8 | 6,927 | ||||||
|
4.95%, 07/15/29 (Call 04/15/29)(b) |
6 | 5,218 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Pipelines (continued) | ||||||||
|
Sabine
Pass Liquefaction LLC |
$ | 45 | $ | 42,267 | ||||
|
4.50%, 05/15/30 (Call 11/15/29) |
15 | 14,048 | ||||||
|
Tallgrass
Energy Partners LP/Tallgrass Energy Finance Corp. |
10 | 8,625 | ||||||
|
6.00%, 09/01/31 (Call 09/01/26)(b) |
5 | 4,274 | ||||||
|
Targa Resources Corp. |
||||||||
|
4.00%, 01/15/32 (Call 07/15/26) |
5 | 4,251 | ||||||
|
4.88%, 02/01/31 (Call 02/01/26) |
25 | 22,744 | ||||||
|
5.50%, 03/01/30 (Call 03/01/25) |
15 | 14,220 | ||||||
|
Tennessee
Gas Pipeline Co. LLC |
5 | 4,225 | ||||||
|
7.00%, 10/15/28 |
15 | 15,901 | ||||||
|
TransCanada
PipeLines Ltd. |
15 | 11,891 | ||||||
|
4.10%, 04/15/30 (Call 01/15/30) |
25 | 22,821 | ||||||
|
4.25%, 05/15/28 (Call 02/15/28) |
30 | 28,367 | ||||||
|
Transcontinental
Gas Pipe Line Co. LLC |
20 | 17,395 | ||||||
|
4.00%, 03/15/28 (Call 12/15/27) |
10 | 9,423 | ||||||
|
Venture
Global Calcasieu Pass LLC |
20 | 19,723 | ||||||
|
3.88%, 08/15/29 (Call 02/15/29)(b) |
19 | 16,413 | ||||||
|
4.13%, 08/15/31 (Call 02/15/31)(b) |
15 | 12,868 | ||||||
|
Western
Midstream Operating LP |
15 | 13,296 | ||||||
|
4.75%, 08/15/28 (Call 05/15/28) |
10 | 9,261 | ||||||
|
Williams
Companies Inc. (The) |
10 | 8,116 | ||||||
|
4.65%, 08/15/32 (Call 05/15/32) |
55 | 51,242 | ||||||
|
|
|
|||||||
| 1,244,652 | ||||||||
| Private Equity — 0.0% | ||||||||
|
Apollo Management Holdings LP, 4.87%, 02/15/29 (Call 11/15/28)(b) |
5 | 4,700 | ||||||
|
|
|
|||||||
| Real Estate — 0.2% | ||||||||
|
Cushman & Wakefield U.S. Borrower, LLC, 6.75%, 05/15/28 (Call 05/18/23)(b) |
10 | 9,412 | ||||||
|
Howard
Hughes Corp. (The) |
5 | 4,167 | ||||||
|
4.38%, 02/01/31 (Call 02/01/26)(b) |
10 | 8,144 | ||||||
|
5.38%, 08/01/28 (Call 08/01/23)(b) |
8 | 7,248 | ||||||
|
Hunt Cos. Inc., 5.25%, 04/15/29 (Call 04/15/24)(b) |
10 | 8,062 | ||||||
|
Kennedy-Wilson
Inc. |
11 | 8,898 | ||||||
|
4.75%, 02/01/30 (Call 09/01/24) |
5 | 3,846 | ||||||
|
5.00%, 03/01/31 (Call 03/01/26) |
12 | 9,251 | ||||||
|
Realogy
Group LLC/Realogy Co-Issuer
Corp. |
12 | 8,222 | ||||||
|
5.75%, 01/15/29 (Call 01/15/24)(b) |
12 | 8,636 | ||||||
|
Sun Hung Kai Properties Capital Market Ltd., 2.88%, 01/21/30(d) |
200 | 174,372 | ||||||
|
|
|
|||||||
| 250,258 | ||||||||
| Real Estate Investment Trusts — 1.1% | ||||||||
|
Agree LP, 4.80%, 10/01/32 (Call 07/01/32) |
15 | 14,030 | ||||||
|
Alexandria
Real Estate Equities Inc. |
30 | 26,323 | ||||||
|
4.70%, 07/01/30 (Call 04/01/30) |
5 | 4,825 | ||||||
|
American
Assets Trust LP, 3.38%, 02/01/31 |
15 | 11,859 | ||||||
| Security | Par (000) |
Value | ||||||
| Real Estate Investment Trusts (continued) | ||||||||
|
American
Homes 4 Rent LP, 3.63%, 04/15/32 |
$ | 30 | $ | 25,363 | ||||
|
American
Tower Corp. |
5 | 3,854 | ||||||
|
2.10%, 06/15/30 (Call 03/15/30) |
90 | 71,149 | ||||||
|
2.30%, 09/15/31 (Call 06/15/31) |
20 | 15,537 | ||||||
|
2.70%, 04/15/31 (Call 01/15/31) |
15 | 12,158 | ||||||
|
2.90%, 01/15/30 (Call 10/15/29) |
5 | 4,230 | ||||||
|
3.80%, 08/15/29 (Call 05/15/29) |
5 | 4,508 | ||||||
|
5.65%, 03/15/33 (Call 12/15/32) |
10 | 9,954 | ||||||
|
Apollo Commercial Real Estate Finance Inc., 4.63%, 06/15/29 (Call 06/15/24)(b) |
6 | 4,654 | ||||||
|
Boston
Properties LP |
25 | 19,050 | ||||||
|
2.90%, 03/15/30 (Call 12/15/29) |
15 | 12,332 | ||||||
|
3.25%, 01/30/31 (Call 10/30/30) |
25 | 20,857 | ||||||
|
4.50%, 12/01/28 (Call 09/01/28) |
15 | 13,934 | ||||||
|
Brandywine
Operating Partnership LP, 4.55%, 10/01/29 |
20 | 16,500 | ||||||
|
Brixmor
Operating Partnership LP |
15 | 11,636 | ||||||
|
4.05%, 07/01/30 (Call 04/01/30) |
25 | 22,129 | ||||||
|
Broadstone
Net Lease LLC, 2.60%, 09/15/31 |
10 | 7,211 | ||||||
|
Camden
Property Trust, 4.10%, 10/15/28 |
5 | 4,748 | ||||||
|
Corporate
Office Properties LP, 2.00%, 01/15/29 |
15 | 11,541 | ||||||
|
Crown
Castle International Corp. |
25 | 20,004 | ||||||
|
2.50%, 07/15/31 (Call 04/15/31) |
25 | 20,162 | ||||||
|
CTR
Partnership LP/CareTrust Capital Corp., 3.88%, |
3 | 2,558 | ||||||
|
CubeSmart LP, 2.50%, 02/15/32 (Call 11/15/31) |
50 | 39,042 | ||||||
|
Digital Realty Trust LP, 3.60%, 07/01/29 (Call 04/01/29) |
25 | 22,100 | ||||||
|
Diversified
Healthcare Trust, 4.38%, 03/01/31 |
5 | 3,502 | ||||||
|
EPR Properties, 3.60%, 11/15/31 (Call 08/15/31) |
25 | 18,895 | ||||||
|
Equinix
Inc. |
30 | 23,973 | ||||||
|
3.20%, 11/18/29 (Call 08/18/29)(c) |
15 | 13,079 | ||||||
|
3.90%, 04/15/32 (Call 01/15/32) |
25 | 22,102 | ||||||
|
ERP Operating LP, 3.00%, 07/01/29 (Call 04/01/29) |
70 | 61,192 | ||||||
|
Essex
Portfolio LP |
5 | 3,966 | ||||||
|
3.00%, 01/15/30 (Call 10/15/29) |
5 | 4,252 | ||||||
|
4.00%, 03/01/29 (Call 12/01/28) |
25 | 22,975 | ||||||
|
Extra
Space Storage LP, 2.35%, 03/15/32 |
5 | 3,827 | ||||||
|
GLP
Capital LP/GLP Financing II Inc. |
25 | 19,841 | ||||||
|
4.00%, 01/15/31 (Call 10/15/30) |
30 | 25,738 | ||||||
|
5.30%, 01/15/29 (Call 10/15/28) |
10 | 9,465 | ||||||
|
HAT Holdings I LLC/HAT Holdings II LLC, 3.75%, 09/15/30(b) |
3 | 2,282 | ||||||
|
Healthcare Trust of America Holdings LP, 3.10%, 02/15/30 (Call 11/15/29) |
15 | 12,768 | ||||||
|
Healthpeak
Properties Interim Inc. |
10 | 8,464 | ||||||
|
3.00%, 01/15/30 (Call 10/15/29) |
15 | 12,922 | ||||||
|
5.25%, 12/15/32 (Call 09/15/32) |
10 | 9,811 | ||||||
|
Highwoods
Realty LP |
25 | 18,589 | ||||||
|
3.05%, 02/15/30 (Call 11/15/29) |
15 | 11,881 | ||||||
| 30 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Real Estate Investment Trusts (continued) | ||||||||
|
Host Hotels & Resorts LP |
||||||||
|
Series H, 3.38%, 12/15/29 (Call 09/16/29) |
$ | 30 | $ | 25,524 | ||||
|
Series I, 3.50%, 09/15/30 (Call 06/15/30) |
5 | 4,164 | ||||||
|
Hudson Pacific Properties LP |
||||||||
|
3.25%, 01/15/30 (Call 10/15/29) |
15 | 11,303 | ||||||
|
4.65%, 04/01/29 (Call 01/01/29) |
25 | 21,185 | ||||||
|
Invitation Homes Operating Partnership LP, 2.00%, 08/15/31 (Call 05/15/31) |
30 | 22,494 | ||||||
|
Iron Mountain Inc. |
||||||||
|
4.50%, 02/15/31 (Call 02/15/26)(b) |
13 | 10,733 | ||||||
|
4.88%, 09/15/29 (Call 09/15/24)(b) |
7 | 6,121 | ||||||
|
5.00%, 07/15/28 (Call 07/15/23)(b) |
9 | 8,155 | ||||||
|
5.25%, 03/15/28 (Call 12/27/23)(b) |
6 | 5,522 | ||||||
|
5.25%, 07/15/30 (Call 07/15/25)(b) |
14 | 12,210 | ||||||
|
5.63%, 07/15/32 (Call 07/15/26)(b) |
25 | 21,611 | ||||||
|
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)(b) |
10 | 8,255 | ||||||
|
Kilroy Realty LP, 3.05%, 02/15/30 (Call 11/15/29) |
30 | 23,875 | ||||||
|
Kimco
Realty Corp., 3.20%, 04/01/32 |
25 | 20,881 | ||||||
|
Ladder
Capital Finance Holdings LLLP/Ladder Capital Finance Corp., 4.75%,
06/15/29 |
10 | 8,167 | ||||||
|
Life Storage LP, 2.40%, 10/15/31 (Call 07/15/31) |
30 | 23,784 | ||||||
|
Mid-America Apartments LP, 3.95%, 03/15/29 (Call 12/15/28) |
50 | 47,001 | ||||||
|
MPT Operating Partnership LP/MPT Finance Corp. |
| |||||||
|
3.50%, 03/15/31 (Call 03/15/26) |
15 | 10,282 | ||||||
|
4.63%, 08/01/29 (Call 08/01/24)(c) |
16 | 11,965 | ||||||
|
National
Health Investors Inc., 3.00%, 02/01/31 |
15 | 11,272 | ||||||
|
Necessity Retail REIT Inc./American Finance Operating Partner LP (The), 4.50%, 09/30/28 (Call 06/30/28)(b) |
5 | 3,946 | ||||||
|
Office
Properties Income Trust, 3.45%, 10/15/31 |
10 | 6,666 | ||||||
|
Omega Healthcare Investors Inc., 3.38%, 02/01/31 (Call 11/01/30) |
10 | 7,901 | ||||||
|
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer |
||||||||
|
4.88%, 05/15/29 (Call 05/15/24)(b) |
11 | 9,201 | ||||||
|
5.88%, 10/01/28 (Call 10/01/23)(b) |
10 | 8,913 | ||||||
|
Phillips
Edison Grocery Center Operating Partnership I LP, |
10 | 7,512 | ||||||
|
Physicians
Realty LP, 2.63%, 11/01/31 |
5 | 3,998 | ||||||
|
Piedmont Operating Partnership LP, 3.15%, 08/15/30 (Call 05/15/30) |
15 | 11,464 | ||||||
|
Prologis
LP |
80 | 64,140 | ||||||
|
4.00%, 09/15/28 (Call 06/15/28) |
5 | 4,782 | ||||||
|
Public Storage |
||||||||
|
1.85%, 05/01/28 (Call 03/01/28) |
20 | 17,175 | ||||||
|
2.30%, 05/01/31 (Call 02/01/31) |
15 | 12,263 | ||||||
|
Rayonier LP, 2.75%, 05/17/31 (Call 02/17/31) |
10 | 8,028 | ||||||
|
Realty
Income Corp., 5.63%, 10/13/32 |
35 | 35,684 | ||||||
|
Regency Centers LP |
||||||||
|
2.95%, 09/15/29 (Call 06/15/29) |
5 | 4,210 | ||||||
|
3.70%, 06/15/30 (Call 03/15/30) |
15 | 13,246 | ||||||
|
Rexford Industrial Realty LP, 2.13%, 12/01/30 (Call 09/01/30) |
10 | 7,907 | ||||||
|
RHP Hotel Properties LP/RHP Finance Corp., 4.50%, 02/15/29 (Call 02/15/24)(b) |
5 | 4,351 | ||||||
|
RLJ
Lodging Trust LP, 4.00%, 09/15/29 |
10 | 8,246 | ||||||
|
Sabra
Health Care LP, 3.20%, 12/01/31 |
10 | 7,417 | ||||||
| Security | Par (000) |
Value | ||||||
| Real Estate Investment Trusts (continued) | ||||||||
|
Safehold Operating Partnership LP, 2.80%, 06/15/31 (Call 03/15/31) |
$ | 10 | $ | 7,738 | ||||
|
SBA
Communications Corp., 3.13%, 02/01/29 |
16 | 13,181 | ||||||
|
Scentre Group Trust 1/Scentre Group Trust 2, 4.38%, 05/28/30 (Call 02/28/30)(b) |
60 | 55,118 | ||||||
|
Service Properties Trust |
||||||||
|
4.38%, 02/15/30 (Call 08/15/29) |
8 | 6,145 | ||||||
|
4.95%, 10/01/29 (Call 07/01/29) |
4 | 3,163 | ||||||
|
Simon Property Group LP |
||||||||
|
2.45%, 09/13/29 (Call 06/13/29) |
50 | 41,936 | ||||||
|
2.65%, 02/01/32 (Call 11/01/31) |
15 | 12,133 | ||||||
|
Spirit
Realty LP, 3.40%, 01/15/30 |
30 | 25,381 | ||||||
|
STORE Capital Corp. |
||||||||
|
2.70%, 12/01/31 (Call 09/01/31) |
15 | 10,896 | ||||||
|
4.50%, 03/15/28 (Call 12/15/27) |
5 | 4,445 | ||||||
|
4.63%, 03/15/29 (Call 12/15/28) |
5 | 4,398 | ||||||
|
Sun Communities Operating LP |
||||||||
|
2.30%, 11/01/28 (Call 09/01/28) |
10 | 8,456 | ||||||
|
2.70%, 07/15/31 (Call 04/15/31) |
20 | 15,956 | ||||||
|
4.20%, 04/15/32 (Call 01/15/32) |
10 | 8,870 | ||||||
|
5.70%, 01/15/33 (Call 10/15/32) |
5 | 4,924 | ||||||
|
UDR Inc. |
||||||||
|
3.00%, 08/15/31 (Call 05/15/31) |
25 | 21,048 | ||||||
|
4.40%, 01/26/29 (Call 10/26/28) |
5 | 4,689 | ||||||
|
Uniti
Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC, |
8 | 4,984 | ||||||
|
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC |
| |||||||
|
4.75%, 04/15/28 (Call 04/15/24)(b) |
5 | 3,964 | ||||||
|
6.50%, 02/15/29 (Call 02/15/24)(b) |
15 | 9,882 | ||||||
|
Ventas Realty LP |
||||||||
|
3.00%, 01/15/30 (Call 10/15/29) |
25 | 21,273 | ||||||
|
4.40%, 01/15/29 (Call 10/15/28) |
10 | 9,307 | ||||||
|
VICI
Properties LP, 5.13%, 05/15/32 |
30 | 27,817 | ||||||
|
VICI Properties LP/VICI Note Co. Inc. |
||||||||
|
3.88%, 02/15/29 (Call 11/15/28)(b) |
10 | 8,714 | ||||||
|
4.13%, 08/15/30 (Call 02/15/25)(b) |
10 | 8,691 | ||||||
|
4.63%, 12/01/29 (Call 12/01/24)(b) |
35 | 31,510 | ||||||
|
WEA
Finance LLC, 3.50%, 06/15/29 |
25 | 20,411 | ||||||
|
Welltower OP LLC |
||||||||
|
3.10%, 01/15/30 (Call 10/15/29) |
50 | 42,719 | ||||||
|
3.85%, 06/15/32 (Call 03/15/32) |
15 | 13,056 | ||||||
|
4.13%, 03/15/29 (Call 09/15/28) |
5 | 4,615 | ||||||
|
Weyerhaeuser
Co., 4.00%, 04/15/30 |
35 | 31,776 | ||||||
|
XHR
LP, 4.88%, 06/01/29 |
5 | 4,258 | ||||||
|
|
|
|||||||
| 1,814,780 | ||||||||
| Retail — 0.9% | ||||||||
|
1011778 BC ULC/New Red Finance Inc. |
||||||||
|
3.50%, 02/15/29 (Call 02/15/24)(b) |
7 | 5,979 | ||||||
|
4.00%, 10/15/30 (Call 10/15/25)(b) |
41 | 33,861 | ||||||
|
7-Eleven Inc., 1.80%, 02/10/31 |
15 | 11,514 | ||||||
|
Advance
Auto Parts Inc., 3.90%, 04/15/30 |
10 | 8,837 | ||||||
|
Arko
Corp., 5.13%, 11/15/29 |
5 | 3,957 | ||||||
|
Asbury Automotive Group Inc. |
||||||||
|
4.50%, 03/01/28 (Call 03/01/23) |
3 | 2,700 | ||||||
|
4.63%, 11/15/29 (Call 11/15/24)(b) |
11 | 9,552 | ||||||
|
4.75%, 03/01/30 (Call 03/01/25) |
3 | 2,596 | ||||||
|
5.00%, 02/15/32 (Call 11/15/26)(b) |
10 | 8,567 | ||||||
|
At Home Group Inc. |
||||||||
|
4.88%, 07/15/28 (Call 07/15/23)(b) |
2 | 1,480 | ||||||
|
7.13%, 07/15/29 (Call 07/15/24)(b)(c) |
10 | 6,224 | ||||||
|
S C H E D U L E OF I N V E S T M E N T S |
31 |
|
Schedule of Investments (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Retail (continued) | ||||||||
|
AutoNation Inc., 2.40%, 08/01/31 (Call 05/01/31) |
$ | 25 | $ | 18,708 | ||||
|
AutoZone Inc. |
||||||||
|
4.00%, 04/15/30 (Call 01/15/30) |
25 | 22,972 | ||||||
|
4.75%, 02/01/33 (Call 11/01/32) |
30 | 28,428 | ||||||
|
Bath & Body Works Inc. |
||||||||
|
6.63%, 10/01/30 (Call 10/01/25)(b) |
10 | 9,478 | ||||||
|
7.50%, 06/15/29 (Call 06/15/24)(c) |
15 | 15,045 | ||||||
|
Beacon
Roofing Supply Inc., 4.13%, 05/15/29 |
8 | 6,850 | ||||||
|
Best Buy Co. Inc., 4.45%, 10/01/28 (Call 07/01/28) |
15 | 14,367 | ||||||
|
Bloomin’ Brands Inc./OSI Restaurant Partners LLC, 5.13%, 04/15/29 (Call 04/15/24)(b) |
3 | 2,680 | ||||||
|
BlueLinx
Holdings Inc., 6.00%, 11/15/29 |
7 | 5,991 | ||||||
|
Carrols
Restaurant Group Inc., 5.88%, 07/01/29 |
3 | 2,280 | ||||||
|
Carvana Co. |
||||||||
|
4.88%, 09/01/29 (Call 09/01/24)(b) |
8 | 3,814 | ||||||
|
5.88%, 10/01/28 (Call 10/01/23)(b) |
5 | 2,461 | ||||||
|
10.25%, 05/01/30 (Call 05/01/27)(b)(c) |
34 | 21,214 | ||||||
|
Costco
Wholesale Corp., 1.60%, 04/20/30 |
50 | 40,805 | ||||||
|
Dick’s
Sporting Goods Inc., 3.15%, 01/15/32 |
15 | 11,838 | ||||||
|
Dollar
General Corp., 4.13%, 05/01/28 |
30 | 28,546 | ||||||
|
Dollar Tree Inc., 4.20%, 05/15/28 (Call 02/15/28) |
44 | 41,885 | ||||||
|
Evergreen
Acqco 1 LP/TVI Inc., 9.75%, 04/26/28 |
10 | 9,882 | ||||||
|
Ferrellgas LP/Ferrellgas Finance Corp., 5.88%, 04/01/29 (Call 04/01/24)(b) |
8 | 6,531 | ||||||
|
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc. |
||||||||
|
4.63%, 01/15/29 (Call 01/15/25)(b) |
12 | 10,385 | ||||||
|
6.75%, 01/15/30 (Call 01/15/25)(b) |
14 | 11,601 | ||||||
|
FirstCash Inc. |
||||||||
|
4.63%, 09/01/28 (Call 09/01/23)(b) |
13 | 11,301 | ||||||
|
5.63%, 01/01/30 (Call 01/01/25)(b) |
5 | 4,440 | ||||||
|
Foot
Locker Inc., 4.00%, 10/01/29 |
5 | 4,120 | ||||||
|
Foundation Building Materials Inc., 6.00%, 03/01/29 (Call 03/01/24)(b) |
3 | 2,383 | ||||||
|
Gap Inc. (The) |
||||||||
|
3.63%, 10/01/29 (Call 10/01/24)(b) |
10 | 7,354 | ||||||
|
3.88%, 10/01/31 (Call 10/01/26)(b) |
7 | 5,003 | ||||||
|
Genuine
Parts Co., 2.75%, 02/01/32 |
25 | 20,188 | ||||||
|
Group
1 Automotive Inc., 4.00%, 08/15/28 |
6 | 5,149 | ||||||
|
GYP
Holdings III Corp., 4.63%, 05/01/29 |
8 | 6,884 | ||||||
|
Home Depot Inc. (The) |
||||||||
|
1.38%, 03/15/31 (Call 12/15/30) |
35 | 26,933 | ||||||
|
2.70%, 04/15/30 (Call 01/15/30) |
5 | 4,337 | ||||||
|
2.95%, 06/15/29 (Call 03/15/29) |
55 | 49,113 | ||||||
|
4.50%, 09/15/32 (Call 06/15/32) |
50 | 48,207 | ||||||
|
Ken
Garff Automotive LLC, 4.88%, 09/15/28 |
5 | 4,325 | ||||||
|
Kohl’s Corp., 3.63%, 05/01/31 (Call 02/01/31) |
10 | 7,146 | ||||||
|
LBM
Acquisition LLC, 6.25%, 01/15/29 |
11 | 7,847 | ||||||
|
LCM Investments Holdings II LLC, 4.88%, 05/01/29 (Call 05/01/24)(b) |
13 | 10,625 | ||||||
|
Lithia Motors Inc. |
||||||||
|
3.88%, 06/01/29 (Call 06/01/24)(b) |
15 | 12,528 | ||||||
|
4.38%, 01/15/31 (Call 10/15/25)(b) |
7 | 5,826 | ||||||
|
Lowe’s Companies Inc. |
||||||||
|
2.63%, 04/01/31 (Call 01/01/31) |
25 | 20,569 | ||||||
|
3.65%, 04/05/29 (Call 01/05/29) |
15 | 13,699 | ||||||
| Security | Par (000) |
Value | ||||||
| Retail (continued) | ||||||||
|
3.75%, 04/01/32 (Call 01/01/32) |
$ | 50 | $ | 44,257 | ||||
|
4.50%, 04/15/30 (Call 01/15/30) |
30 | 28,589 | ||||||
|
Macy’s Retail Holdings LLC |
||||||||
|
5.88%, 04/01/29 (Call 04/01/24)(b) |
3 | 2,727 | ||||||
|
5.88%, 03/15/30 (Call 03/15/25)(b) |
13 | 11,457 | ||||||
|
6.13%, 03/15/32 (Call 03/15/27)(b) |
5 | 4,307 | ||||||
|
McDonald’s Corp. |
||||||||
|
2.13%, 03/01/30 (Call 12/01/29) |
15 | 12,428 | ||||||
|
3.80%, 04/01/28 (Call 01/01/28) |
30 | 28,440 | ||||||
|
Michaels Companies Inc. (The) |
||||||||
|
5.25%, 05/01/28 (Call 11/01/23)(b) |
11 | 9,144 | ||||||
|
7.88%, 05/01/29 (Call 04/01/24)(b) |
15 | 11,361 | ||||||
|
Murphy Oil USA Inc. |
||||||||
|
3.75%, 02/15/31 (Call 02/15/26)(b) |
5 | 4,053 | ||||||
|
4.75%, 09/15/29 (Call 09/15/24) |
5 | 4,468 | ||||||
|
Nordstrom Inc. |
||||||||
|
4.25%, 08/01/31 (Call 05/01/31) |
9 | 6,588 | ||||||
|
4.38%, 04/01/30 (Call 01/01/30) |
8 | 6,302 | ||||||
|
6.95%, 03/15/28 |
3 | 2,973 | ||||||
|
O’Reilly
Automotive Inc., 4.35%, 06/01/28 |
64 | 61,638 | ||||||
|
Papa John’s International Inc., 3.88%, 09/15/29 (Call 09/15/24)(b) |
8 | 6,686 | ||||||
|
Park River Holdings Inc. |
||||||||
|
5.63%, 02/01/29 (Call 02/01/24)(b) |
3 | 2,099 | ||||||
|
6.75%, 08/01/29 (Call 08/01/24)(b) |
8 | 5,659 | ||||||
|
Patrick
Industries Inc., 4.75%, 05/01/29 |
5 | 4,249 | ||||||
|
Penske Automotive Group Inc., 3.75%, 06/15/29 (Call 06/15/24) |
5 | 4,199 | ||||||
|
PetSmart Inc./PetSmart Finance Corp., 7.75%, 02/15/29 (Call 02/15/24)(b) |
15 | 14,623 | ||||||
|
QVC Inc., 4.38%, 09/01/28 (Call 06/01/28) |
9 | 5,018 | ||||||
|
Sonic Automotive Inc. |
||||||||
|
4.63%, 11/15/29 (Call 11/15/24)(b) |
5 | 4,126 | ||||||
|
4.88%, 11/15/31 (Call 11/15/26)(b) |
15 | 11,943 | ||||||
|
SRS Distribution Inc. |
||||||||
|
4.63%, 07/01/28 (Call 07/01/24)(b) |
5 | 4,383 | ||||||
|
6.00%, 12/01/29 (Call 12/01/24)(b) |
16 | 13,336 | ||||||
|
6.13%, 07/01/29 (Call 07/01/24)(b) |
5 | 4,208 | ||||||
|
Starbucks Corp. |
||||||||
|
2.55%, 11/15/30 (Call 08/15/30) |
35 | 29,216 | ||||||
|
3.50%, 03/01/28 (Call 12/01/27) |
16 | 14,910 | ||||||
|
3.55%, 08/15/29 (Call 05/15/29) |
35 | 32,015 | ||||||
|
4.00%, 11/15/28 (Call 08/15/28) |
20 | 18,956 | ||||||
|
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 (Call 06/01/26)(b) |
5 | 4,163 | ||||||
|
Superior Plus LP/Superior General Partner Inc., 4.50%, 03/15/29 (Call 03/15/24)(b) |
5 | 4,344 | ||||||
|
Target Corp. |
||||||||
|
2.35%, 02/15/30 (Call 11/15/29) |
40 | 33,937 | ||||||
|
3.38%, 04/15/29 (Call 01/15/29) |
10 | 9,225 | ||||||
|
4.40%, 01/15/33 (Call 10/15/32) |
50 | 47,391 | ||||||
|
4.50%, 09/15/32 (Call 06/15/32) |
20 | 19,207 | ||||||
|
TJX
Companies Inc. (The), 3.88%, 04/15/30 |
60 | 56,419 | ||||||
|
Victoria’s
Secret & Co., 4.63%, 07/15/29 |
7 | 5,706 | ||||||
|
Walmart Inc. |
||||||||
|
1.80%, 09/22/31 (Call 06/22/31) |
25 | 20,169 | ||||||
|
3.25%, 07/08/29 (Call 04/08/29) |
30 | 27,713 | ||||||
|
4.15%, 09/09/32 (Call 06/09/32) |
10 | 9,636 | ||||||
|
White
Cap Buyer LLC, 6.88%, 10/15/28 |
5 | 4,537 | ||||||
| 32 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Retail (continued) | ||||||||
|
Yum! Brands Inc. |
||||||||
|
3.63%, 03/15/31 (Call 12/15/30) |
$ | 13 | $ | 10,896 | ||||
|
4.63%, 01/31/32 (Call 10/01/26) |
13 | 11,486 | ||||||
|
4.75%, 01/15/30 (Call 10/15/29)(b) |
16 | 14,621 | ||||||
|
5.38%, 04/01/32 (Call 04/01/27) |
12 | 11,130 | ||||||
|
|
|
|||||||
| 1,393,943 | ||||||||
| Semiconductors — 0.5% | ||||||||
|
Advanced Micro Devices Inc., 3.92%, 06/01/32 (Call 03/01/32) |
10 | 9,264 | ||||||
|
Analog
Devices Inc., 2.10%, 10/01/31 |
15 | 12,116 | ||||||
|
Broadcom Inc. |
||||||||
|
2.45%, 02/15/31 (Call 11/15/30)(b) |
75 | 59,408 | ||||||
|
2.60%, 02/15/33 (Call 11/15/32)(b) |
25 | 18,884 | ||||||
|
4.30%, 11/15/32 (Call 08/15/32) |
50 | 44,332 | ||||||
|
5.00%, 04/15/30 (Call 01/15/30) |
25 | 24,016 | ||||||
|
Entegris Escrow Corp. |
||||||||
|
4.75%, 04/15/29 (Call 01/15/29)(b) |
5 | 4,547 | ||||||
|
5.95%, 06/15/30 (Call 06/15/25)(b) |
14 | 13,056 | ||||||
|
Entegris Inc. |
||||||||
|
3.63%, 05/01/29 (Call 05/01/24)(b) |
8 | 6,628 | ||||||
|
4.38%, 04/15/28 (Call 04/15/23)(b) |
3 | 2,659 | ||||||
|
Intel Corp. |
||||||||
|
2.00%, 08/12/31 (Call 05/12/31) |
35 | 27,466 | ||||||
|
3.90%, 03/25/30 (Call 12/25/29) |
45 | 41,518 | ||||||
|
4.15%, 08/05/32 (Call 05/05/32) |
10 | 9,197 | ||||||
|
5.13%, 02/10/30 (Call 12/10/29) |
15 | 14,816 | ||||||
|
5.20%, 02/10/33 (Call 11/10/32) |
35 | 34,340 | ||||||
|
KLA Corp., 4.65%, 07/15/32 (Call 04/15/32) |
30 | 29,288 | ||||||
|
Lam Research Corp. |
||||||||
|
1.90%, 06/15/30 (Call 03/15/30) |
15 | 12,209 | ||||||
|
4.00%, 03/15/29 (Call 12/15/28) |
70 | 66,438 | ||||||
|
Marvell
Technology Inc., 2.95%, 04/15/31 |
45 | 36,169 | ||||||
|
Micron Technology Inc. |
||||||||
|
2.70%, 04/15/32 (Call 01/15/32) |
50 | 37,912 | ||||||
|
5.33%, 02/06/29 (Call 11/06/28) |
10 | 9,765 | ||||||
|
NVIDIA Corp. |
||||||||
|
1.55%, 06/15/28 (Call 04/15/28) |
35 | 29,742 | ||||||
|
2.00%, 06/15/31 (Call 03/15/31) |
10 | 8,079 | ||||||
|
NXP BV/NXP Funding LLC/NXP USA Inc. |
||||||||
|
2.65%, 02/15/32 (Call 11/15/31) |
15 | 11,781 | ||||||
|
3.40%, 05/01/30 (Call 02/01/30) |
15 | 12,995 | ||||||
|
4.30%, 06/18/29 (Call 03/18/29) |
25 | 23,082 | ||||||
|
5.00%, 01/15/33 (Call 10/15/32) |
10 | 9,401 | ||||||
|
ON
Semiconductor Corp., 3.88%, 09/01/28 |
5 | 4,394 | ||||||
|
Qorvo Inc., 4.38%, 10/15/29 (Call 10/15/24) |
35 | 31,194 | ||||||
|
QUALCOMM
Inc., 2.15%, 05/20/30 |
45 | 37,657 | ||||||
|
Synaptics Inc., 4.00%, 06/15/29 (Call 06/15/24)(b) |
8 | 6,642 | ||||||
|
Texas Instruments Inc. |
||||||||
|
1.75%, 05/04/30 (Call 02/04/30) |
10 | 8,178 | ||||||
|
2.25%, 09/04/29 (Call 06/04/29) |
75 | 64,298 | ||||||
|
|
|
|||||||
| 761,471 | ||||||||
| Shipbuilding — 0.0% | ||||||||
|
Huntington Ingalls Industries Inc., 4.20%, 05/01/30 (Call 02/01/30) |
10 | 9,131 | ||||||
|
|
|
|||||||
| Software — 0.5% | ||||||||
|
Adobe Inc., 2.30%, 02/01/30 (Call 11/01/29) |
10 | 8,546 | ||||||
|
Autodesk Inc. |
||||||||
|
2.40%, 12/15/31 (Call 09/15/31) |
15 | 12,000 | ||||||
|
2.85%, 01/15/30 (Call 10/15/29) |
5 | 4,286 | ||||||
| Security | Par (000) |
Value | ||||||
| Software (continued) | ||||||||
|
Black
Knight InfoServ LLC, 3.63%, 09/01/28 |
$ | 7 | $ | 6,122 | ||||
|
Broadridge Financial Solutions Inc., 2.90%, 12/01/29 (Call 09/01/29) |
30 | 25,320 | ||||||
|
Castle
U.S. Holding Crop., 9.50%, 02/15/28 |
3 | 1,179 | ||||||
|
Central Parent Inc./CDK Global Inc., 7.25%, 06/15/29 (Call 06/15/25)(b) |
6 | 5,867 | ||||||
|
Clarivate Science Holdings Corp. |
||||||||
|
3.88%, 07/01/28 (Call 06/30/24)(b) |
7 | 6,043 | ||||||
|
4.88%, 07/01/29 (Call 06/30/24)(b) |
12 | 10,363 | ||||||
|
Consensus Cloud Solutions Inc., 6.50%, 10/15/28 (Call 10/15/26)(b) |
9 | 7,857 | ||||||
|
Dun & Bradstreet Corp. (The), 5.00%, 12/15/29 (Call 12/15/24)(b) |
5 | 4,169 | ||||||
|
Elastic
NV, 4.13%, 07/15/29 |
7 | 5,771 | ||||||
|
Fair
Isaac Corp., 4.00%, 06/15/28 |
7 | 6,356 | ||||||
|
Fidelity National Information Services Inc. |
||||||||
|
2.25%, 03/01/31 (Call 12/01/30) |
35 | 27,518 | ||||||
|
5.10%, 07/15/32 (Call 04/15/32) |
10 | 9,564 | ||||||
|
Fiserv Inc. |
||||||||
|
2.65%, 06/01/30 (Call 03/01/30) |
10 | 8,373 | ||||||
|
3.50%, 07/01/29 (Call 04/01/29) |
45 | 40,186 | ||||||
|
5.60%, 03/02/33 (Call 12/01/32) |
10 | 9,987 | ||||||
|
Helios
Software Holdings Inc./ION Corporate Solutions Finance Sarl, 4.63%,
05/01/28 |
5 | 4,074 | ||||||
|
MicroStrategy
Inc., 6.13%, 06/15/28 |
5 | 4,158 | ||||||
|
Minerva
Merger Sub Inc., 6.50%, 02/15/30 |
32 | 25,446 | ||||||
|
MSCI Inc. |
||||||||
|
3.63%, 09/01/30 (Call 03/01/25)(b) |
16 | 13,601 | ||||||
|
3.63%, 11/01/31 (Call 11/01/26)(b) |
5 | 4,178 | ||||||
|
3.88%, 02/15/31 (Call 06/01/25)(b) |
12 | 10,331 | ||||||
|
4.00%, 11/15/29 (Call 11/15/24)(b) |
7 | 6,191 | ||||||
|
Open
Text Corp., 3.88%, 12/01/29 |
15 | 12,101 | ||||||
|
Open Text Holdings Inc. |
||||||||
|
4.13%, 02/15/30 (Call 02/15/25)(b) |
9 | 7,403 | ||||||
|
4.13%, 12/01/31 (Call 12/01/26)(b) |
10 | 7,958 | ||||||
|
Oracle Corp. |
||||||||
|
2.88%, 03/25/31 (Call 12/25/30) |
85 | 70,417 | ||||||
|
2.95%, 04/01/30 (Call 01/01/30) |
40 | 34,145 | ||||||
|
4.90%, 02/06/33 (Call 11/06/32) |
25 | 23,604 | ||||||
|
6.15%, 11/09/29 (Call 09/09/29) |
20 | 20,700 | ||||||
|
6.25%, 11/09/32 (Call 08/09/32) |
35 | 36,435 | ||||||
|
Picard
Midco Inc., 6.50%, 03/31/29 |
55 | 47,664 | ||||||
|
Playtika
Holding Corp., 4.25%, 03/15/29 |
15 | 12,290 | ||||||
|
Rackspace Technology Global Inc., 5.38%, 12/01/28 (Call 12/01/23)(b) |
5 | 1,992 | ||||||
|
ROBLOX
Corp., 3.88%, 05/01/30 |
16 | 13,153 | ||||||
|
Rocket
Software Inc., 6.50%, 02/15/29 |
5 | 4,073 | ||||||
|
Roper Technologies Inc. |
||||||||
|
1.75%, 02/15/31 (Call 11/15/30) |
10 | 7,706 | ||||||
|
4.20%, 09/15/28 (Call 06/15/28) |
15 | 14,318 | ||||||
|
RRD Parent Inc., 10.00%, 10/15/31(b) |
7 | 12,471 | ||||||
|
salesforce.com
Inc., 3.70%, 04/11/28 |
45 | 42,872 | ||||||
|
ServiceNow
Inc., 1.40%, 09/01/30 |
25 | 19,061 | ||||||
|
Take-Two Interactive Software Inc., 4.00%, 04/14/32 (Call 01/14/32) |
35 | 31,171 | ||||||
|
Twilio Inc. |
||||||||
|
3.63%, 03/15/29 (Call 03/15/24) |
8 | 6,746 | ||||||
|
3.88%, 03/15/31 (Call 03/15/26) |
9 | 7,376 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Software (continued) | ||||||||
|
VMware Inc. |
||||||||
|
2.20%, 08/15/31 (Call 05/15/31) |
$ | 25 | $ | 18,960 | ||||
|
4.70%, 05/15/30 (Call 02/15/30) |
5 | 4,690 | ||||||
|
Workday Inc., 3.80%, 04/01/32 (Call 01/01/32) |
15 | 13,191 | ||||||
|
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29 (Call 02/01/24)(b)(c) |
5 | 4,170 | ||||||
|
|
|
|||||||
| 742,153 | ||||||||
| Telecommunications — 1.0% | ||||||||
|
Altice
France SA, 5.50%, 10/15/29 |
25 | 19,511 | ||||||
|
Altice France SA/France |
||||||||
|
5.13%, 01/15/29 (Call 09/15/23)(b) |
5 | 3,877 | ||||||
|
5.13%, 07/15/29 (Call 04/15/24)(b) |
40 | 30,996 | ||||||
|
AT&T Inc. |
||||||||
|
2.75%, 06/01/31 (Call 03/01/31) |
60 | 49,582 | ||||||
|
4.30%, 02/15/30 (Call 11/15/29) |
20 | 18,768 | ||||||
|
4.35%, 03/01/29 (Call 12/01/28) |
80 | 75,842 | ||||||
|
British Telecommunications PLC |
||||||||
|
4.88%,
11/23/81 (Call 08/23/31), |
5 | 4,083 | ||||||
|
9.63%, 12/15/30 |
35 | 42,301 | ||||||
|
Ciena Corp., 4.00%, 01/31/30 (Call 01/31/25)(b) |
5 | 4,259 | ||||||
|
CommScope Inc. |
||||||||
|
4.75%, 09/01/29 (Call 09/01/24)(b) |
19 | 15,490 | ||||||
|
7.13%, 07/01/28 (Call 07/01/23)(b)(c) |
10 | 7,877 | ||||||
|
Consolidated Communications Inc. |
||||||||
|
5.00%, 10/01/28 (Call 10/01/23)(b) |
8 | 5,337 | ||||||
|
6.50%, 10/01/28 (Call 10/01/23)(b) |
11 | 7,928 | ||||||
|
Deutsche Telekom International Finance BV |
||||||||
|
8.75%, 06/15/30 |
35 | 41,504 | ||||||
|
9.25%, 06/01/32 |
25 | 31,663 | ||||||
|
Empresa Nacional de Telecomunicaciones SA, 3.05%, 09/14/32 (Call 06/14/32)(d) |
150 | 116,113 | ||||||
|
Frontier Communications Holdings LLC |
||||||||
|
5.00%, 05/01/28 (Call 05/01/24)(b) |
20 | 17,552 | ||||||
|
5.88%, 11/01/29 (Call 11/01/24) |
20 | 15,929 | ||||||
|
6.00%, 01/15/30 (Call 10/15/24)(b) |
12 | 9,577 | ||||||
|
6.75%, 05/01/29 (Call 05/01/24)(b) |
7 | 5,864 | ||||||
|
8.75%, 05/15/30 (Call 05/15/25)(b) |
14 | 14,159 | ||||||
|
Iliad
Holding SASU, 7.00%, 10/15/28 |
12 | 11,081 | ||||||
|
Intelsat
Jackson Holdings SA, 6.50%, 03/15/30 |
37 | 32,222 | ||||||
|
Level 3 Financing Inc. |
||||||||
|
3.63%, 01/15/29 (Call 01/15/24)(b) |
16 | 10,269 | ||||||
|
3.75%, 07/15/29 (Call 01/15/24)(b) |
7 | 4,403 | ||||||
|
3.88%, 11/15/29 (Call 08/15/29)(b) |
20 | 15,164 | ||||||
|
4.25%, 07/01/28 (Call 07/01/23)(b) |
14 | 9,549 | ||||||
|
Lumen Technologies Inc. |
||||||||
|
4.50%, 01/15/29 (Call 01/15/24)(b) |
17 | 8,985 | ||||||
|
5.38%, 06/15/29 (Call 06/15/24)(b) |
6 | 3,253 | ||||||
|
Maxar
Technologies Inc., 7.54%, 12/31/27 |
2 | 2,068 | ||||||
|
Motorola
Solutions Inc., 2.75%, 05/24/31 |
30 | 23,850 | ||||||
|
Orange SA, 9.00%, 03/01/31 |
45 | 55,042 | ||||||
|
Rogers
Communications Inc., 3.80%, 03/15/32 |
25 | 21,840 | ||||||
|
Singapore Telecommunications Ltd., 7.38%, 12/01/31(b) |
100 | 117,056 | ||||||
|
Sprint Capital Corp. |
||||||||
|
6.88%, 11/15/28 |
28 | 29,355 | ||||||
|
8.75%, 03/15/32 |
39 | 46,411 | ||||||
|
Telefonica Europe BV, 8.25%, 09/15/30 |
25 | 28,344 | ||||||
|
TELUS Corp., 3.40%, 05/13/32 (Call 02/13/32) |
10 | 8,492 | ||||||
| Security | Par (000) |
Value | ||||||
| Telecommunications (continued) | ||||||||
|
T-Mobile USA Inc. |
||||||||
|
2.40%, 03/15/29 (Call 01/15/29) |
$ | 25 | $ | 21,145 | ||||
|
2.55%, 02/15/31 (Call 11/15/30) |
55 | 44,849 | ||||||
|
2.63%, 02/15/29 (Call 02/15/24) |
27 | 23,006 | ||||||
|
2.88%, 02/15/31 (Call 02/15/26) |
12 | 9,965 | ||||||
|
3.38%, 04/15/29 (Call 04/15/24) |
32 | 28,311 | ||||||
|
3.50%, 04/15/31 (Call 04/15/26) |
90 | 77,962 | ||||||
|
3.88%, 04/15/30 (Call 01/15/30) |
65 | 58,956 | ||||||
|
Verizon Communications Inc. |
||||||||
|
1.75%, 01/20/31 (Call 10/20/30) |
45 | 34,715 | ||||||
|
2.10%, 03/22/28 (Call 01/22/28) |
35 | 30,228 | ||||||
|
2.36%, 03/15/32 (Call 12/15/31) |
75 | 58,925 | ||||||
|
2.55%, 03/21/31 (Call 12/21/30) |
65 | 53,100 | ||||||
|
3.15%, 03/22/30 (Call 12/22/29) |
5 | 4,376 | ||||||
|
4.02%, 12/03/29 (Call 09/03/29) |
100 | 92,350 | ||||||
|
4.33%, 09/21/28 |
50 | 47,871 | ||||||
|
ViaSat Inc., 6.50%, 07/15/28 (Call 06/17/23)(b) |
5 | 3,698 | ||||||
|
Viavi
Solutions Inc., 3.75%, 10/01/29 |
5 | 4,175 | ||||||
|
Vmed O2 UK Financing I PLC |
||||||||
|
4.25%, 01/31/31 (Call 01/31/26)(b) |
10 | 8,048 | ||||||
|
4.75%, 07/15/31 (Call 07/15/26)(b) |
20 | 16,493 | ||||||
|
Vodafone Group PLC |
||||||||
|
4.13%,
06/04/81 (Call 04/04/31), |
12 | 9,523 | ||||||
|
6.25%, 11/30/32 |
25 | 26,465 | ||||||
|
7.00%,
04/04/79 (Call 01/04/29), |
25 | 24,771 | ||||||
|
Windstream
Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 |
17 | 13,885 | ||||||
|
Zayo
Group Holdings Inc., 6.13%, 03/01/28 |
11 | 6,946 | ||||||
|
|
|
|||||||
| 1,665,359 | ||||||||
| Toys, Games & Hobbies — 0.0% | ||||||||
|
Hasbro Inc., 3.90%, 11/19/29 (Call 08/19/29) |
15 | 13,225 | ||||||
|
Mattel Inc., 3.75%, 04/01/29 (Call 04/01/24)(b) |
10 | 8,652 | ||||||
|
|
|
|||||||
| 21,877 | ||||||||
| Transportation — 0.2% | ||||||||
|
AP
Moller - Maersk A/S, 4.50%, 06/20/29 |
10 | 9,537 | ||||||
|
Canadian Pacific Railway Co. |
||||||||
|
2.45%, 12/02/31 (Call 09/02/31) |
25 | 20,807 | ||||||
|
7.13%, 10/15/31 |
15 | 16,802 | ||||||
|
Carriage
Purchaser Inc., 7.88%, 10/15/29 |
3 | 2,242 | ||||||
|
CH
Robinson Worldwide Inc., 4.20%, 04/15/28 |
5 | 4,760 | ||||||
|
CSX Corp., 3.80%, 03/01/28 (Call 12/01/27) |
40 | 37,998 | ||||||
|
Danaos
Corp., 8.50%, 03/01/28 |
5 | 4,892 | ||||||
|
FedEx Corp. |
||||||||
|
3.10%, 08/05/29 (Call 05/05/29) |
25 | 22,044 | ||||||
|
4.25%, 05/15/30 (Call 02/15/30) |
10 | 9,383 | ||||||
|
First Student Bidco Inc./First Transit Parent Inc., 4.00%, 07/31/29 (Call 07/31/24)(b) |
8 | 6,839 | ||||||
|
Kansas
City Southern, 2.88%, 11/15/29 |
10 | 8,653 | ||||||
|
Norfolk Southern Corp. |
||||||||
|
2.30%, 05/15/31 (Call 02/15/31) |
10 | 8,097 | ||||||
|
2.55%, 11/01/29 (Call 08/01/29) |
10 | 8,459 | ||||||
|
3.00%, 03/15/32 (Call 12/15/31) |
20 | 16,882 | ||||||
|
3.80%, 08/01/28 (Call 05/01/28) |
20 | 18,694 | ||||||
|
4.45%, 03/01/33 (Call 12/01/32) |
30 | 28,189 | ||||||
|
Rand
Parent LLC, 8.50%, 02/15/30 |
15 | 14,394 | ||||||
|
Ryder
System Inc., 5.65%, 03/01/28 |
10 | 10,005 | ||||||
| 34 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Transportation (continued) | ||||||||
|
Seaspan
Corp., 5.50%, 08/01/29 |
$ | 15 | $ | 11,368 | ||||
|
Union Pacific Corp. |
||||||||
|
2.40%, 02/05/30 (Call 11/05/29) |
60 | 51,007 | ||||||
|
2.80%, 02/14/32 (Call 11/14/31) |
15 | 12,661 | ||||||
|
3.95%, 09/10/28 (Call 06/10/28) |
20 | 19,131 | ||||||
|
United Parcel Service Inc. |
||||||||
|
4.45%, 04/01/30 (Call 01/01/30) |
20 | 19,551 | ||||||
|
4.88%, 03/03/33 (Call 12/03/32) |
10 | 9,931 | ||||||
|
|
|
|||||||
| 372,326 | ||||||||
| Trucking & Leasing — 0.0% | ||||||||
|
Fortress
Transportation and Infrastructure Investors LLC, 5.50%, 05/01/28 |
12 | 10,766 | ||||||
|
GATX
Corp., 4.00%, 06/30/30 |
25 | 22,487 | ||||||
|
|
|
|||||||
| 33,253 | ||||||||
| Water — 0.0% | ||||||||
|
American Water Capital Corp. |
||||||||
|
2.30%, 06/01/31 (Call 03/01/31) |
15 | 12,230 | ||||||
|
2.80%, 05/01/30 (Call 02/01/30) |
15 | 12,970 | ||||||
|
3.45%, 06/01/29 (Call 03/01/29) |
5 | 4,542 | ||||||
|
3.75%, 09/01/28 (Call 06/01/28) |
5 | 4,669 | ||||||
|
4.45%, 06/01/32 (Call 03/01/32) |
15 | 14,274 | ||||||
|
|
|
|||||||
| 48,685 | ||||||||
|
|
|
|||||||
|
Total Corporate Bonds & Notes — 23.1% |
37,678,742 | |||||||
|
|
|
|||||||
|
Foreign Government Obligations(f) |
| |||||||
| Argentina — 0.1% | ||||||||
|
Argentina Bonar Bonds |
||||||||
|
0.50%, 07/09/30(g) |
155 | 42,837 | ||||||
|
1.00%, 07/09/29 |
30 | 8,321 | ||||||
|
Argentine Republic Government International Bond |
| |||||||
|
0.50%, 07/09/30 (Call 03/31/23)(g) |
176 | 57,024 | ||||||
|
1.00%, 07/09/29 (Call 03/31/23) |
90 | 27,944 | ||||||
|
|
|
|||||||
| 136,126 | ||||||||
| Bahrain — 0.1% | ||||||||
|
CBB International Sukuk Programme Co. WLL, 3.88%, 05/18/29(d) |
200 | 179,124 | ||||||
|
|
|
|||||||
| Brazil — 0.1% | ||||||||
|
Brazilian Government International Bond, 3.75%, 09/12/31(c) |
200 | 168,350 | ||||||
|
|
|
|||||||
| Canada — 0.1% | ||||||||
|
Province
of Alberta Canada, |
65 | 61,502 | ||||||
|
Province
of Manitoba Canada, |
15 | 12,789 | ||||||
|
Province of Ontario Canada |
||||||||
|
2.00%, 10/02/29 |
50 | 43,140 | ||||||
|
2.13%, 01/21/32 |
50 | 41,939 | ||||||
|
Province of Quebec Canada |
||||||||
|
1.35%, 05/28/30 |
35 | 28,518 | ||||||
|
Series PD, 7.50%, 09/15/29 |
10 | 11,645 | ||||||
|
|
|
|||||||
| 199,533 | ||||||||
| Colombia — 0.1% | ||||||||
|
Colombia Government International Bond, 3.00%, 01/30/30 (Call 10/30/29) |
200 | 151,200 | ||||||
|
|
|
|||||||
| Dominican Republic — 0.1% | ||||||||
|
Dominican Republic International Bond, 5.50%, 02/22/29 (Call 12/22/28)(d) |
150 | 139,472 | ||||||
|
|
|
|||||||
| Security | Par (000) |
Value | ||||||
| Ecuador — 0.0% | ||||||||
|
Ecuador Government International Bond |
||||||||
|
0.00%, 07/31/30(d)(h) |
$ | 15 | $ | 4,685 | ||||
|
5.50%, 07/31/30(d)(g) |
45 | 22,065 | ||||||
|
|
|
|||||||
| 26,750 | ||||||||
| Egypt — 0.1% | ||||||||
|
Egypt Government International Bond, 5.88%, 02/16/31(d) |
200 | 133,744 | ||||||
|
|
|
|||||||
| El Salvador — 0.0% | ||||||||
|
El Salvador Government International Bond, 8.63%, 02/28/29(d) |
8 | 4,021 | ||||||
|
|
|
|||||||
| Hong Kong — 0.1% | ||||||||
|
Airport
Authority, 1.63%, 02/04/31 |
200 | 159,468 | ||||||
|
|
|
|||||||
| Hungary — 0.1% | ||||||||
|
Hungary Government International Bond, 2.13%, 09/22/31(d) |
200 | 153,736 | ||||||
|
|
|
|||||||
| Indonesia — 0.1% | ||||||||
|
Indonesia Government International Bond, 4.75%, 02/11/29 |
200 | 198,464 | ||||||
|
|
|
|||||||
| Italy — 0.0% | ||||||||
|
Republic of Italy Government International Bond, 2.88%, 10/17/29 |
25 | 21,117 | ||||||
|
|
|
|||||||
| Japan — 0.1% | ||||||||
|
Japan Bank for International Cooperation, 1.88%, 04/15/31 |
200 | 162,894 | ||||||
|
|
|
|||||||
| Lebanon — 0.0% | ||||||||
|
Lebanon Government International Bond 0.00%, 05/25/29(d)(h)(i)(j) |
2 | 140 | ||||||
|
0.00%, 02/26/30(d)(h)(i)(j) |
6 | 418 | ||||||
|
0.00%, 03/23/32(d)(h)(i)(j) |
16 | 1,118 | ||||||
|
|
|
|||||||
| 1,676 | ||||||||
| Mexico — 0.2% | ||||||||
|
Mexico Government International Bond |
||||||||
|
4.75%, 04/27/32 (Call 01/27/32) |
200 | 186,930 | ||||||
|
8.30%, 08/15/31 |
50 | 58,176 | ||||||
|
|
|
|||||||
| 245,106 | ||||||||
| Nigeria — 0.1% | ||||||||
|
Nigeria Government International Bond, 6.13%, 09/28/28(d) |
200 | 158,572 | ||||||
|
|
|
|||||||
| Oman — 0.1% | ||||||||
|
Oman Government International Bond, 6.00%, 08/01/29(d) |
200 | 200,368 | ||||||
|
|
|
|||||||
| Panama — 0.1% | ||||||||
|
Panama
Government International Bond |
200 | 148,926 | ||||||
|
9.38%, 04/01/29 |
40 | 47,962 | ||||||
|
|
|
|||||||
| 196,888 | ||||||||
| Peru — 0.1% | ||||||||
|
Peruvian Government International Bond |
||||||||
|
1.86%, 12/01/32 (Call 09/01/32) |
10 | 7,275 | ||||||
|
2.78%, 01/23/31 (Call 10/23/30) |
105 | 86,678 | ||||||
|
2.84%, 06/20/30 |
53 | 44,835 | ||||||
|
|
|
|||||||
| 138,788 | ||||||||
| Philippines — 0.1% | ||||||||
|
Philippine Government International Bond |
||||||||
|
6.38%, 01/15/32 |
100 | 108,163 | ||||||
|
9.50%, 02/02/30 |
50 | 62,519 | ||||||
|
|
|
|||||||
| 170,682 | ||||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Poland — 0.0% | ||||||||
|
Republic of Poland Government International Bond, 5.75%, 11/16/32 (Call 08/16/32) |
$ | 21 | $ | 22,018 | ||||
|
|
|
|||||||
| Qatar — 0.1% | ||||||||
|
Qatar Government International Bond, 9.75%, 06/15/30(b)(c) |
150 | 197,148 | ||||||
|
|
|
|||||||
| Romania — 0.1% | ||||||||
|
Romanian Government International Bond |
||||||||
|
3.00%, 02/14/31(d) |
20 | 16,196 | ||||||
|
3.63%, 03/27/32(d) |
42 | 34,647 | ||||||
|
|
|
|||||||
| 50,843 | ||||||||
| Saudi Arabia — 0.2% | ||||||||
|
Saudi Government International Bond |
||||||||
|
2.75%, 02/03/32(d) |
200 | 172,298 | ||||||
|
4.38%, 04/16/29(d) |
200 | 195,240 | ||||||
|
|
|
|||||||
| 367,538 | ||||||||
| South Korea — 0.1% | ||||||||
|
Export-Import Bank of Korea, 1.25%, 09/21/30 |
200 | 156,002 | ||||||
|
|
|
|||||||
| Supranational — 0.4% | ||||||||
|
Asian Development Bank |
||||||||
|
0.75%, 10/08/30(c) |
50 | 38,930 | ||||||
|
1.75%, 09/19/29 |
5 | 4,299 | ||||||
|
1.88%, 03/15/29 |
25 | 21,792 | ||||||
|
1.88%, 01/24/30 |
15 | 12,922 | ||||||
|
3.13%, 04/27/32 |
25 | 23,149 | ||||||
|
European Investment Bank, 0.75%, 09/23/30 |
30 | 23,558 | ||||||
|
Inter-American Development Bank |
||||||||
|
1.13%, 07/20/28 |
15 | 12,738 | ||||||
|
1.13%, 01/13/31 |
50 | 39,861 | ||||||
|
2.25%, 06/18/29 |
65 | 57,707 | ||||||
|
3.13%, 09/18/28 |
110 | 103,638 | ||||||
|
3.50%, 09/14/29 |
10 | 9,591 | ||||||
|
International Bank for Reconstruction & Development |
||||||||
|
0.88%, 05/14/30 |
5 | 3,976 | ||||||
|
1.13%, 09/13/28 |
15 | 12,686 | ||||||
|
1.25%, 02/10/31 |
55 | 44,372 | ||||||
|
1.63%, 11/03/31 |
95 | 78,259 | ||||||
|
1.75%, 10/23/29 |
75 | 64,366 | ||||||
|
3.63%, 09/21/29 |
30 | 29,000 | ||||||
|
International Finance Corp., 0.75%, 08/27/30 |
55 | 42,991 | ||||||
|
|
|
|||||||
| 623,835 | ||||||||
| Turkey — 0.2% | ||||||||
|
Turkey Government International Bond, 11.88%, 01/15/30 |
200 | 229,246 | ||||||
|
|
|
|||||||
| Ukraine — 0.0% | ||||||||
|
Ukraine Government International Bond, 7.75%, 09/01/29(d)(i)(j) |
100 | 18,706 | ||||||
|
|
|
|||||||
| United Arab Emirates — 0.2% | ||||||||
|
Abu Dhabi Government International Bond, 3.13%, 04/16/30(d) |
200 | 183,506 | ||||||
|
Sharjah Sukuk Program Ltd., 3.23%, 10/23/29(d) |
200 | 176,456 | ||||||
|
|
|
|||||||
| 359,962 | ||||||||
| Uruguay — 0.0% | ||||||||
|
Uruguay Government International Bond, 4.38%, 01/23/31 (Call 10/23/30) |
50 | 48,700 | ||||||
|
|
|
|||||||
|
Total Foreign Government Obligations — 3.1% (Cost: $5,371,999) |
5,020,077 | |||||||
|
|
|
|||||||
| Security | Par (000) |
Value | ||||||
| Municipal Debt Obligations | ||||||||
|
California — 0.0% |
||||||||
|
State of California GO, 2.50%, 10/01/29 |
$ | 50 | $ | 43,789 | ||||
|
University of California RB, Series BG, 1.32%, 05/15/27 (Call 03/15/27) |
10 | 8,711 | ||||||
|
|
|
|||||||
| 52,500 | ||||||||
|
|
|
|||||||
|
Total
Municipal Debt Obligations — 0.0% |
52,500 | |||||||
|
|
|
|||||||
| U.S. Government & Agency Obligations | ||||||||
| Mortgage-Backed Securities — 52.4% | ||||||||
|
Federal Home Loan Mortgage Corp. |
||||||||
|
2.00%, 02/01/37 |
130 | 115,777 | ||||||
|
2.50%, 01/01/33 |
9 | 8,108 | ||||||
|
3.00%, 03/01/46 |
116 | 104,542 | ||||||
|
3.00%, 07/01/46 |
8 | 7,600 | ||||||
|
3.00%, 08/01/46 |
52 | 46,980 | ||||||
|
3.00%, 09/01/46 |
37 | 33,305 | ||||||
|
3.00%, 10/01/46 |
20 | 18,075 | ||||||
|
3.00%, 12/01/46 |
181 | 163,163 | ||||||
|
3.00%, 01/01/47 |
30 | 26,915 | ||||||
|
3.00%, 02/01/47 |
98 | 88,407 | ||||||
|
3.00%, 06/01/47 |
83 | 75,098 | ||||||
|
3.00%, 08/01/47 |
12 | 10,497 | ||||||
|
3.00%, 09/01/47 |
23 | 20,900 | ||||||
|
3.00%, 10/01/47 |
20 | 18,125 | ||||||
|
3.50%, 06/01/34 |
8 | 7,218 | ||||||
|
3.50%, 03/01/38 |
51 | 48,042 | ||||||
|
3.50%, 10/01/42 |
42 | 38,964 | ||||||
|
3.50%, 10/01/44 |
18 | 16,816 | ||||||
|
3.50%, 03/01/46 |
98 | 91,346 | ||||||
|
3.50%, 12/01/46 |
12 | 10,997 | ||||||
|
3.50%, 01/01/47 |
19 | 17,743 | ||||||
|
3.50%, 04/01/47 |
29 | 26,651 | ||||||
|
3.50%, 07/01/47 |
28 | 26,221 | ||||||
|
3.50%, 08/01/47 |
4 | 4,033 | ||||||
|
3.50%, 09/01/47 |
66 | 60,576 | ||||||
|
3.50%, 12/01/47 |
4 | 3,325 | ||||||
|
3.50%, 02/01/48 |
65 | 60,075 | ||||||
|
3.50%, 03/01/48 |
28 | 26,424 | ||||||
|
3.50%, 05/01/48 |
18 | 16,715 | ||||||
|
3.50%, 04/01/49 |
50 | 46,566 | ||||||
|
3.50%, 05/01/49 |
10 | 9,659 | ||||||
|
3.50%, 06/01/49 |
15 | 13,875 | ||||||
|
3.50%, 04/01/52 |
125 | 114,853 | ||||||
|
4.00%, 09/01/45 |
11 | 11,001 | ||||||
|
4.00%, 02/01/46 |
96 | 92,457 | ||||||
|
4.00%, 10/01/46 |
5 | 5,218 | ||||||
|
4.00%, 10/01/47 |
2 | 2,344 | ||||||
|
4.00%, 01/01/48 |
20 | 18,915 | ||||||
|
4.00%, 02/01/48 |
9 | 8,823 | ||||||
|
4.00%, 06/01/48 |
23 | 22,178 | ||||||
|
4.00%, 12/01/48 |
14 | 13,118 | ||||||
|
4.00%, 01/01/49 |
3 | 3,370 | ||||||
|
4.00%, 04/01/52 |
75 | 70,398 | ||||||
|
4.00%, 07/01/52 |
991 | 929,919 | ||||||
|
4.00%, 10/01/52 |
498 | 470,728 | ||||||
|
4.50%, 10/01/48 |
23 | 22,860 | ||||||
|
4.50%, 01/01/49 |
10 | 9,504 | ||||||
| 36 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Mortgage-Backed Securities (continued) | ||||||||
|
4.50%, 10/01/52 |
$ | 196 | $ | 189,377 | ||||
|
4.50%, 12/01/52 |
225 | 219,307 | ||||||
|
5.00%, 12/01/41 |
180 | 182,177 | ||||||
|
5.00%, 08/01/52 |
49 | 48,713 | ||||||
|
5.00%, 09/01/52 |
148 | 147,131 | ||||||
|
5.00%, 10/01/52 |
49 | 48,356 | ||||||
|
5.00%, 11/01/52 |
49 | 48,034 | ||||||
|
5.50%, 11/01/52 |
100 | 101,745 | ||||||
|
5.50%, 12/01/52 |
249 | 251,289 | ||||||
|
5.50%, 01/01/53 |
75 | 75,974 | ||||||
|
Federal National Mortgage Association |
||||||||
|
2.00%, 04/01/37 |
66 | 58,812 | ||||||
|
2.00%, 04/01/52 |
3,010 | 2,450,694 | ||||||
|
2.50%, 01/01/52 |
995 | 844,029 | ||||||
|
3.00%, 02/01/47 |
30 | 26,814 | ||||||
|
3.00%, 02/01/50 |
996 | 886,392 | ||||||
|
3.50%, 11/01/51 |
285 | 265,415 | ||||||
|
3.50%, 07/01/52 |
998 | 908,463 | ||||||
|
4.00%, 02/01/47 |
27 | 26,062 | ||||||
|
4.00%, 08/01/52 |
125 | 117,230 | ||||||
|
4.00%, 02/01/57 |
22 | 20,932 | ||||||
|
4.50%, 09/01/52 |
641 | 617,470 | ||||||
|
4.50%, 10/01/52 |
98 | 95,787 | ||||||
|
4.50%, 12/01/52 |
346 | 333,935 | ||||||
|
5.00%, 10/01/52 |
50 | 49,476 | ||||||
|
5.00%, 11/01/52 |
123 | 122,542 | ||||||
|
5.00%, 12/01/52 |
149 | 148,051 | ||||||
|
5.00%, 01/01/53 |
100 | 98,253 | ||||||
|
5.50%, 09/01/52 |
75 | 76,511 | ||||||
|
5.50%, 12/01/52 |
50 | 50,661 | ||||||
|
5.50%, 01/01/53 |
225 | 228,301 | ||||||
|
Series 2018-M12, Class A2, 3.63%, 08/25/30(a) |
280 | 265,369 | ||||||
|
Series 2021-M17, Class A2, 1.71%, 07/25/31(a) |
250 | 201,018 | ||||||
|
Freddie Mac Multifamily Structured Pass Through Certificates 2.45%, 04/25/32 (Call 05/25/32) |
400 | 339,069 | ||||||
|
Series
K056, Class A2, 2.53%, 05/25/26 |
35 | 32,682 | ||||||
|
Series
K066, Class A2, 3.12%, 06/25/27 |
100 | 94,116 | ||||||
|
Series
K078, Class A2, 3.85%, 06/25/28 |
175 | 169,225 | ||||||
|
Series
K090, Class A2, 3.42%, 02/25/29 |
100 | 94,106 | ||||||
|
Series
K-1512, Class A2, 2.99%,
05/25/31 |
70 | 62,738 | ||||||
|
Government National Mortgage Association |
||||||||
|
2.00%, 08/20/50 |
167 | 140,904 | ||||||
|
2.00%, 12/20/50 |
371 | 313,062 | ||||||
|
2.00%, 10/20/51 |
500 | 420,651 | ||||||
|
2.00%, 12/20/51 |
1,201 | 1,008,782 | ||||||
|
2.00%, 04/20/52 |
543 | 454,925 | ||||||
|
2.00%, 03/21/53(k) |
2,625 | 2,200,027 | ||||||
|
2.50%, 12/20/46 |
39 | 34,404 | ||||||
|
2.50%, 01/20/47 |
19 | 16,337 | ||||||
|
2.50%, 08/20/50 |
146 | 127,969 | ||||||
|
2.50%, 09/20/50 |
216 | 188,486 | ||||||
|
2.50%, 01/20/51 |
213 | 185,598 | ||||||
|
2.50%, 02/20/51 |
101 | 88,127 | ||||||
|
2.50%, 05/20/51 |
328 | 285,410 | ||||||
|
2.50%, 07/20/51 |
954 | 825,122 | ||||||
|
2.50%, 08/20/51 |
624 | 540,840 | ||||||
|
2.50%, 11/20/51 |
1,014 | 877,995 | ||||||
|
2.50%, 12/20/51 |
322 | 279,153 | ||||||
|
2.50%, 02/20/52 |
702 | 607,906 | ||||||
|
2.50%, 03/21/53(k) |
575 | 497,195 | ||||||
| Security | Par (000) |
Value | ||||||
| Mortgage-Backed Securities (continued) | ||||||||
|
3.00%, 03/20/45 |
$ | 34 | $ | 31,166 | ||||
|
3.00%, 05/20/45 |
76 | 68,889 | ||||||
|
3.00%, 07/20/45 |
65 | 58,769 | ||||||
|
3.00%, 10/20/45 |
7 | 6,348 | ||||||
|
3.00%, 11/20/45 |
221 | 200,822 | ||||||
|
3.00%, 12/20/45 |
20 | 18,416 | ||||||
|
3.00%, 01/20/46 |
11 | 9,625 | ||||||
|
3.00%, 02/20/46 |
24 | 22,198 | ||||||
|
3.00%, 03/20/46 |
60 | 54,284 | ||||||
|
3.00%, 05/20/46 |
29 | 26,711 | ||||||
|
3.00%, 06/20/46 |
21 | 19,124 | ||||||
|
3.00%, 07/20/46 |
18 | 16,072 | ||||||
|
3.00%, 08/20/46 |
95 | 86,178 | ||||||
|
3.00%, 09/20/46 |
57 | 51,488 | ||||||
|
3.00%, 11/20/46 |
29 | 26,442 | ||||||
|
3.00%, 12/20/46 |
87 | 78,793 | ||||||
|
3.00%, 02/20/47 |
19 | 17,073 | ||||||
|
3.00%, 06/20/47 |
28 | 25,276 | ||||||
|
3.00%, 11/20/47 |
113 | 102,149 | ||||||
|
3.00%, 02/20/48 |
19 | 17,142 | ||||||
|
3.00%, 04/20/49 |
361 | 327,910 | ||||||
|
3.00%, 09/20/49 |
15 | 13,816 | ||||||
|
3.00%, 01/20/50 |
109 | 98,633 | ||||||
|
3.00%, 02/20/50 |
119 | 107,034 | ||||||
|
3.00%, 08/20/50 |
118 | 106,313 | ||||||
|
3.00%, 10/20/51 |
10 | 9,244 | ||||||
|
3.00%, 11/20/51 |
200 | 178,778 | ||||||
|
3.00%, 02/20/52 |
28 | 24,987 | ||||||
|
3.00%, 09/20/52 |
347 | 310,247 | ||||||
|
3.00%, 03/21/53(k) |
1,625 | 1,450,471 | ||||||
|
3.50%, 09/20/42 |
219 | 206,033 | ||||||
|
3.50%, 10/20/42 |
9 | 8,513 | ||||||
|
3.50%, 12/20/42 |
90 | 84,827 | ||||||
|
3.50%, 04/20/43 |
65 | 61,441 | ||||||
|
3.50%, 11/20/45 |
42 | 39,190 | ||||||
|
3.50%, 12/20/45 |
4 | 3,812 | ||||||
|
3.50%, 03/20/46 |
47 | 44,192 | ||||||
|
3.50%, 04/20/46 |
22 | 20,360 | ||||||
|
3.50%, 06/20/46 |
77 | 71,615 | ||||||
|
3.50%, 12/20/46 |
20 | 18,405 | ||||||
|
3.50%, 01/20/47 |
5 | 4,869 | ||||||
|
3.50%, 02/20/47 |
13 | 12,264 | ||||||
|
3.50%, 03/20/47 |
6 | 5,524 | ||||||
|
3.50%, 09/20/47 |
18 | 17,167 | ||||||
|
3.50%, 11/20/47 |
29 | 27,432 | ||||||
|
3.50%, 12/15/47 |
61 | 57,358 | ||||||
|
3.50%, 02/20/48 |
17 | 15,988 | ||||||
|
3.50%, 04/20/48 |
57 | 52,512 | ||||||
|
3.50%, 08/20/48 |
37 | 34,866 | ||||||
|
3.50%, 01/20/49 |
16 | 14,734 | ||||||
|
3.50%, 03/20/49 |
202 | 188,877 | ||||||
|
3.50%, 09/20/49 |
42 | 38,656 | ||||||
|
3.50%, 12/20/49 |
23 | 21,715 | ||||||
|
3.50%, 03/20/50 |
41 | 37,827 | ||||||
|
3.50%, 05/20/50 |
52 | 48,123 | ||||||
|
3.50%, 02/20/52 |
719 | 663,592 | ||||||
|
3.50%, 03/21/53(k) |
1,044 | 959,297 | ||||||
|
4.00%, 04/20/47 |
79 | 75,827 | ||||||
|
4.00%, 06/20/47 |
54 | 51,518 | ||||||
|
4.00%, 07/20/47 |
142 | 136,555 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Mortgage-Backed Securities (continued) | ||||||||
|
4.00%, 11/20/47 |
$ | 29 | $ | 27,635 | ||||
|
4.00%, 03/20/48 |
37 | 35,332 | ||||||
|
4.00%, 04/20/48 |
17 | 16,620 | ||||||
|
4.00%, 05/15/48 |
7 | 7,173 | ||||||
|
4.00%, 05/20/48 |
44 | 42,209 | ||||||
|
4.00%, 08/20/48 |
47 | 45,323 | ||||||
|
4.00%, 09/20/48 |
19 | 18,271 | ||||||
|
4.00%, 11/20/48 |
103 | 98,961 | ||||||
|
4.00%, 02/20/50 |
66 | 63,400 | ||||||
|
4.00%, 12/20/52 |
100 | 94,075 | ||||||
|
4.00%, 03/21/53(k) |
1,175 | 1,110,054 | ||||||
|
4.50%, 07/20/41 |
49 | 48,582 | ||||||
|
4.50%, 10/20/46 |
43 | 42,486 | ||||||
|
4.50%, 06/20/47 |
5 | 4,568 | ||||||
|
4.50%, 04/20/48 |
12 | 11,333 | ||||||
|
4.50%, 06/20/48 |
5 | 5,362 | ||||||
|
4.50%, 08/20/48 |
44 | 43,199 | ||||||
|
4.50%, 10/20/48 |
84 | 82,729 | ||||||
|
4.50%, 12/20/48 |
16 | 15,238 | ||||||
|
4.50%, 03/20/49 |
8 | 7,626 | ||||||
|
4.50%, 06/20/49 |
77 | 75,682 | ||||||
|
4.50%, 07/20/49 |
20 | 19,969 | ||||||
|
4.50%, 08/20/49 |
5 | 4,743 | ||||||
|
4.50%, 07/20/52 |
698 | 675,814 | ||||||
|
4.50%, 08/20/52 |
175 | 169,821 | ||||||
|
4.50%, 03/21/53(k) |
723 | 700,999 | ||||||
|
5.00%, 04/20/48 |
13 | 13,267 | ||||||
|
5.00%, 05/20/48 |
24 | 24,533 | ||||||
|
5.00%, 11/20/48 |
4 | 4,408 | ||||||
|
5.00%, 12/20/48 |
27 | 26,875 | ||||||
|
5.00%, 01/20/49 |
37 | 36,652 | ||||||
|
5.00%, 05/20/49 |
3 | 3,373 | ||||||
|
5.00%, 06/20/49 |
113 | 113,000 | ||||||
|
5.00%, 07/20/52 |
30 | 29,471 | ||||||
|
5.00%, 12/20/52 |
796 | 786,328 | ||||||
|
5.00%, 01/20/53 |
200 | 197,235 | ||||||
|
5.00%, 03/21/53(k) |
771 | 761,724 | ||||||
|
5.50%, 12/20/52 |
119 | 118,959 | ||||||
|
5.50%, 01/20/53 |
427 | 428,762 | ||||||
|
5.50%, 03/21/53(k) |
253 | 253,880 | ||||||
|
Uniform Mortgage-Backed Securities |
||||||||
|
1.50%, 03/01/36 |
5 | 4,388 | ||||||
|
1.50%, 02/01/37 |
114 | 98,321 | ||||||
|
1.50%, 03/01/37 |
77 | 66,345 | ||||||
|
1.50%, 04/01/37 |
9 | 7,776 | ||||||
|
1.50%, 11/01/50 |
188 | 145,796 | ||||||
|
1.50%, 01/01/51 |
428 | 331,444 | ||||||
|
1.50%, 07/01/51 |
139 | 107,405 | ||||||
|
1.50%, 11/01/51 |
180 | 139,343 | ||||||
|
2.00%, 12/01/35 |
36 | 31,809 | ||||||
|
2.00%, 02/01/36 |
199 | 176,923 | ||||||
|
2.00%, 03/01/36 |
20 | 18,124 | ||||||
|
2.00%, 08/01/36 |
22 | 19,403 | ||||||
|
2.00%, 09/01/36 |
104 | 92,646 | ||||||
|
2.00%, 11/01/36 |
23 | 20,431 | ||||||
|
2.00%, 01/01/37 |
23 | 20,512 | ||||||
|
2.00%, 02/01/37 |
71 | 62,774 | ||||||
|
2.00%, 03/16/38(k) |
786 | 697,453 | ||||||
|
2.00%, 05/01/50 |
235 | 195,775 | ||||||
|
2.00%, 07/01/50 |
239 | 196,471 | ||||||
| Security | Par (000) |
Value | ||||||
| Mortgage-Backed Securities (continued) | ||||||||
|
2.00%, 09/01/50 |
$ | 389 | $ | 319,682 | ||||
|
2.00%, 10/01/50 |
307 | 251,856 | ||||||
|
2.00%, 01/01/51 |
253 | 208,180 | ||||||
|
2.00%, 02/01/51 |
1,029 | 842,170 | ||||||
|
2.00%, 03/01/51 |
753 | 616,983 | ||||||
|
2.00%, 04/01/51 |
1,172 | 958,698 | ||||||
|
2.00%, 05/01/51 |
88 | 72,115 | ||||||
|
2.00%, 06/01/51 |
249 | 203,724 | ||||||
|
2.00%, 08/01/51 |
221 | 180,537 | ||||||
|
2.00%, 10/01/51 |
2,613 | 2,136,176 | ||||||
|
2.00%, 11/01/51 |
230 | 188,366 | ||||||
|
2.00%, 12/01/51 |
518 | 421,970 | ||||||
|
2.00%, 01/01/52 |
934 | 763,428 | ||||||
|
2.00%, 02/01/52 |
1,385 | 1,127,839 | ||||||
|
2.00%, 03/01/52 |
47 | 38,623 | ||||||
|
2.00%, 03/13/53(k) |
5,342 | 4,350,357 | ||||||
|
2.50%, 04/01/32 |
28 | 26,121 | ||||||
|
2.50%, 07/01/35 |
31 | 28,083 | ||||||
|
2.50%, 10/01/35 |
63 | 58,158 | ||||||
|
2.50%, 05/01/36 |
36 | 32,488 | ||||||
|
2.50%, 07/01/36 |
94 | 86,415 | ||||||
|
2.50%, 03/16/38(k) |
350 | 319,156 | ||||||
|
2.50%, 04/01/47 |
34 | 29,417 | ||||||
|
2.50%, 06/01/50 |
53 | 45,414 | ||||||
|
2.50%, 07/01/50 |
71 | 61,334 | ||||||
|
2.50%, 08/01/50 |
109 | 93,145 | ||||||
|
2.50%, 09/01/50 |
603 | 515,898 | ||||||
|
2.50%, 10/01/50 |
445 | 380,351 | ||||||
|
2.50%, 11/01/50 |
1,257 | 1,072,909 | ||||||
|
2.50%, 12/01/50 |
48 | 40,990 | ||||||
|
2.50%, 01/01/51 |
75 | 64,036 | ||||||
|
2.50%, 02/01/51 |
74 | 62,722 | ||||||
|
2.50%, 04/01/51 |
47 | 39,559 | ||||||
|
2.50%, 07/01/51 |
90 | 76,968 | ||||||
|
2.50%, 08/01/51 |
45 | 38,210 | ||||||
|
2.50%, 11/01/51 |
120 | 101,907 | ||||||
|
2.50%, 12/01/51 |
2,210 | 1,875,704 | ||||||
|
2.50%, 01/01/52 |
1,849 | 1,567,999 | ||||||
|
2.50%, 03/01/52 |
70 | 59,451 | ||||||
|
2.50%, 04/01/52 |
1,947 | 1,650,964 | ||||||
|
2.50%, 05/01/52 |
1,488 | 1,260,073 | ||||||
|
2.50%, 07/01/52 |
596 | 505,437 | ||||||
|
2.50%, 08/01/52 |
1,190 | 1,008,441 | ||||||
|
2.50%, 03/13/53(k) |
5,017 | 4,249,360 | ||||||
|
3.00%, 03/01/30 |
54 | 51,073 | ||||||
|
3.00%, 01/01/31 |
29 | 27,102 | ||||||
|
3.00%, 02/01/31 |
8 | 7,764 | ||||||
|
3.00%, 02/01/32 |
9 | 8,188 | ||||||
|
3.00%, 06/01/32 |
8 | 7,280 | ||||||
|
3.00%, 11/01/32 |
9 | 8,946 | ||||||
|
3.00%, 12/01/32 |
7 | 6,861 | ||||||
|
3.00%, 01/01/33 |
7 | 6,853 | ||||||
|
3.00%, 02/01/33 |
9 | 8,424 | ||||||
|
3.00%, 09/01/34 |
60 | 56,393 | ||||||
|
3.00%, 12/01/34 |
50 | 46,997 | ||||||
|
3.00%, 04/01/35 |
286 | 267,269 | ||||||
|
3.00%, 03/16/38(k) |
25 | 23,310 | ||||||
|
3.00%, 11/01/42 |
5 | 4,381 | ||||||
|
3.00%, 09/01/43 |
6 | 5,798 | ||||||
|
3.00%, 01/01/44 |
9 | 8,442 | ||||||
| 38 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Mortgage-Backed Securities (continued) | ||||||||
|
3.00%, 10/01/44 |
$ | 108 | $ | 97,861 | ||||
|
3.00%, 03/01/45 |
56 | 50,812 | ||||||
|
3.00%, 05/01/45 |
26 | 23,992 | ||||||
|
3.00%, 07/01/46 |
285 | 255,966 | ||||||
|
3.00%, 08/01/46 |
24 | 21,330 | ||||||
|
3.00%, 11/01/46 |
202 | 182,310 | ||||||
|
3.00%, 12/01/46 |
140 | 125,750 | ||||||
|
3.00%, 01/01/47 |
62 | 55,265 | ||||||
|
3.00%, 02/01/47 |
192 | 172,327 | ||||||
|
3.00%, 03/01/47 |
106 | 95,120 | ||||||
|
3.00%, 07/01/47 |
53 | 47,962 | ||||||
|
3.00%, 08/01/47 |
8 | 6,961 | ||||||
|
3.00%, 12/01/47 |
42 | 37,519 | ||||||
|
3.00%, 03/01/48 |
17 | 15,170 | ||||||
|
3.00%, 11/01/48 |
62 | 56,192 | ||||||
|
3.00%, 02/01/49 |
910 | 818,450 | ||||||
|
3.00%, 09/01/49 |
110 | 98,520 | ||||||
|
3.00%, 11/01/49 |
8 | 7,397 | ||||||
|
3.00%, 12/01/49 |
15 | 13,230 | ||||||
|
3.00%, 02/01/50 |
38 | 33,873 | ||||||
|
3.00%, 05/01/51 |
351 | 314,077 | ||||||
|
3.00%, 08/01/51 |
129 | 113,875 | ||||||
|
3.00%, 11/01/51 |
109 | 96,381 | ||||||
|
3.00%, 04/01/52 |
701 | 617,840 | ||||||
|
3.00%, 05/01/52 |
477 | 419,959 | ||||||
|
3.00%, 03/13/53(k) |
5,750 | 5,056,968 | ||||||
|
3.50%, 03/01/33 |
10 | 9,335 | ||||||
|
3.50%, 04/01/33 |
14 | 12,983 | ||||||
|
3.50%, 05/01/33 |
9 | 8,598 | ||||||
|
3.50%, 02/01/34 |
24 | 23,119 | ||||||
|
3.50%, 07/01/34 |
12 | 11,768 | ||||||
|
3.50%, 08/01/34 |
9 | 8,207 | ||||||
|
3.50%, 03/16/38(k) |
100 | 95,312 | ||||||
|
3.50%, 02/01/45 |
11 | 10,443 | ||||||
|
3.50%, 01/01/46 |
18 | 16,415 | ||||||
|
3.50%, 03/01/46 |
50 | 46,353 | ||||||
|
3.50%, 07/01/46 |
8 | 7,640 | ||||||
|
3.50%, 08/01/46 |
260 | 242,211 | ||||||
|
3.50%, 10/01/46 |
57 | 52,486 | ||||||
|
3.50%, 12/01/46 |
57 | 53,328 | ||||||
|
3.50%, 01/01/47 |
69 | 64,967 | ||||||
|
3.50%, 02/01/47 |
22 | 19,982 | ||||||
|
3.50%, 05/01/47 |
16 | 15,131 | ||||||
|
3.50%, 08/01/47 |
12 | 11,226 | ||||||
|
3.50%, 11/01/47 |
11 | 9,884 | ||||||
|
3.50%, 01/01/48 |
117 | 108,300 | ||||||
|
3.50%, 02/01/48 |
145 | 134,022 | ||||||
|
3.50%, 03/01/48 |
5 | 4,599 | ||||||
|
3.50%, 04/01/48 |
40 | 37,551 | ||||||
|
3.50%, 05/01/48 |
13 | 12,388 | ||||||
|
3.50%, 06/01/48 |
30 | 27,827 | ||||||
|
3.50%, 11/01/48 |
11 | 10,415 | ||||||
|
3.50%, 01/01/49 |
55 | 50,720 | ||||||
|
3.50%, 04/01/49 |
10 | 9,562 | ||||||
|
3.50%, 06/01/49 |
96 | 88,829 | ||||||
|
3.50%, 07/01/49 |
41 | 37,669 | ||||||
|
3.50%, 06/01/50 |
916 | 841,244 | ||||||
|
3.50%, 02/01/51 |
457 | 420,792 | ||||||
|
3.50%, 03/13/53(k) |
2,125 | 1,934,248 | ||||||
|
4.00%, 07/01/32 |
6 | 5,943 | ||||||
| Security | Par (000) |
Value | ||||||
| Mortgage-Backed Securities (continued) | ||||||||
|
4.00%, 05/01/33 |
$ | 6 | $ | 5,746 | ||||
|
4.00%, 06/01/33 |
5 | 5,399 | ||||||
|
4.00%, 07/01/33 |
4 | 3,605 | ||||||
|
4.00%, 12/01/33 |
14 | 13,792 | ||||||
|
4.00%, 03/16/38(k) |
44 | 42,900 | ||||||
|
4.00%, 06/01/38 |
5 | 5,248 | ||||||
|
4.00%, 01/01/45 |
42 | 40,240 | ||||||
|
4.00%, 03/01/45 |
7 | 6,509 | ||||||
|
4.00%, 06/01/45 |
19 | 17,997 | ||||||
|
4.00%, 06/01/46 |
80 | 77,746 | ||||||
|
4.00%, 07/01/46 |
176 | 168,239 | ||||||
|
4.00%, 10/01/46 |
9 | 8,336 | ||||||
|
4.00%, 02/01/47 |
5 | 4,971 | ||||||
|
4.00%, 08/01/47 |
3 | 3,311 | ||||||
|
4.00%, 09/01/47 |
38 | 36,554 | ||||||
|
4.00%, 10/01/47 |
54 | 52,375 | ||||||
|
4.00%, 01/01/48 |
44 | 42,472 | ||||||
|
4.00%, 09/01/48 |
207 | 197,298 | ||||||
|
4.00%, 10/01/48 |
20 | 18,744 | ||||||
|
4.00%, 11/01/48 |
25 | 23,490 | ||||||
|
4.00%, 12/01/48 |
13 | 12,138 | ||||||
|
4.00%, 01/01/49 |
10 | 9,756 | ||||||
|
4.00%, 02/01/49 |
6 | 5,512 | ||||||
|
4.00%, 03/01/49 |
27 | 25,871 | ||||||
|
4.00%, 04/01/49 |
45 | 43,012 | ||||||
|
4.00%, 05/01/49 |
27 | 25,677 | ||||||
|
4.00%, 06/01/49 |
58 | 55,407 | ||||||
|
4.00%, 07/01/49 |
135 | 129,028 | ||||||
|
4.00%, 12/01/49 |
21 | 19,637 | ||||||
|
4.00%, 02/01/50 |
5 | 4,437 | ||||||
|
4.00%, 04/01/50 |
205 | 195,285 | ||||||
|
4.00%, 05/01/50 |
22 | 21,255 | ||||||
|
4.00%, 03/01/51 |
215 | 204,324 | ||||||
|
4.00%, 05/01/52 |
101 | 94,938 | ||||||
|
4.00%, 03/13/53(k) |
1,771 | 1,662,250 | ||||||
|
4.50%, 01/01/44 |
108 | 105,901 | ||||||
|
4.50%, 02/01/46 |
16 | 16,164 | ||||||
|
4.50%, 04/01/47 |
7 | 7,026 | ||||||
|
4.50%, 10/01/47 |
15 | 15,716 | ||||||
|
4.50%, 03/01/48 |
12 | 12,309 | ||||||
|
4.50%, 06/01/48 |
10 | 10,061 | ||||||
|
4.50%, 07/01/48 |
2 | 2,080 | ||||||
|
4.50%, 08/01/48 |
27 | 26,465 | ||||||
|
4.50%, 10/01/48 |
35 | 34,258 | ||||||
|
4.50%, 11/01/48 |
44 | 43,273 | ||||||
|
4.50%, 12/01/48 |
57 | 55,209 | ||||||
|
4.50%, 01/01/49 |
20 | 19,273 | ||||||
|
4.50%, 02/01/49 |
60 | 58,348 | ||||||
|
4.50%, 04/01/49 |
78 | 76,797 | ||||||
|
4.50%, 05/01/49 |
29 | 28,237 | ||||||
|
4.50%, 09/01/50 |
219 | 214,231 | ||||||
|
4.50%, 06/01/52 |
205 | 197,797 | ||||||
|
4.50%, 03/13/53(k) |
774 | 745,701 | ||||||
|
5.00%, 03/01/48 |
5 | 4,838 | ||||||
|
5.00%, 04/01/48 |
15 | 15,475 | ||||||
|
5.00%, 05/01/48 |
10 | 10,155 | ||||||
|
5.00%, 07/01/48 |
13 | 12,689 | ||||||
|
5.00%, 01/01/49 |
9 | 9,007 | ||||||
|
5.00%, 04/01/49 |
16 | 15,948 | ||||||
|
5.00%, 03/13/53(k) |
100 | 98,297 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 5-10 Year USD Bond ETF (Percentages shown are based on Net Assets) |
|
Security |
Par (000) |
Value | ||||||
| Mortgage-Backed Securities (continued) | ||||||||
|
5.50%, 01/01/47 |
$ | 14 | $ | 14,086 | ||||
|
5.50%, 03/13/53(k) |
849 | 847,541 | ||||||
|
6.00%, 02/01/49 |
30 | 31,756 | ||||||
|
|
|
|||||||
| 85,301,106 | ||||||||
| U.S. Government Agency Obligations — 0.0% | ||||||||
|
Federal Home Loan Banks, 3.00%, 03/10/28 |
60 | 56,215 | ||||||
|
Tennessee Valley Authority, Series A, 2.88%, 02/01/27 |
25 | 23,537 | ||||||
|
|
|
|||||||
| 79,752 | ||||||||
| U.S. Government Obligations — 21.3% | ||||||||
|
U.S. Treasury Note/Bond |
||||||||
|
0.63%, 05/15/30 |
200 | 158,156 | ||||||
|
0.63%, 08/15/30 |
500 | 393,203 | ||||||
|
0.88%, 11/15/30 |
700 | 559,453 | ||||||
|
1.00%, 07/31/28 |
660 | 559,762 | ||||||
|
1.13%, 08/31/28 |
700 | 596,641 | ||||||
|
1.13%, 02/15/31 |
750 | 610,312 | ||||||
|
1.25%, 03/31/28 |
900 | 780,258 | ||||||
|
1.25%, 04/30/28 |
770 | 666,050 | ||||||
|
1.25%, 05/31/28 |
544 | 469,753 | ||||||
|
1.25%, 06/30/28 |
570 | 491,180 | ||||||
|
1.25%, 09/30/28 |
910 | 779,401 | ||||||
|
1.25%, 08/15/31 |
1,980 | 1,605,347 | ||||||
|
1.38%, 10/31/28 |
1,000 | 861,094 | ||||||
|
1.38%, 12/31/28 |
500 | 429,570 | ||||||
|
1.38%, 11/15/31 |
1,300 | 1,058,281 | ||||||
|
1.50%, 11/30/28 |
700 | 606,211 | ||||||
|
1.50%, 02/15/30 |
200 | 169,813 | ||||||
|
1.63%, 08/15/29 |
475 | 410,541 | ||||||
|
1.63%, 05/15/31 |
1,100 | 924,859 | ||||||
|
1.75%, 01/31/29 |
830 | 726,834 | ||||||
|
1.75%, 11/15/29 |
50 | 43,500 | ||||||
|
1.88%, 02/28/29 |
320 | 282,250 | ||||||
|
1.88%, 02/15/32 |
1,170 | 991,392 | ||||||
|
2.38%, 03/31/29 |
870 | 788,505 | ||||||
|
2.38%, 05/15/29 |
700 | 633,391 | ||||||
|
2.63%, 02/15/29 |
910 | 837,627 | ||||||
|
2.63%, 07/31/29 |
700 | 641,867 | ||||||
|
2.75%, 05/31/29 |
500 | 462,539 | ||||||
|
2.75%, 08/15/32 |
1,490 | 1,354,503 | ||||||
|
2.88%, 05/15/28 |
950 | 891,887 | ||||||
|
2.88%, 08/15/28 |
1,090 | 1,021,364 | ||||||
|
2.88%, 04/30/29 |
700 | 652,531 | ||||||
|
2.88%, 05/15/32 |
1,820 | 1,674,400 | ||||||
|
3.13%, 11/15/28 |
1,226 | 1,161,922 | ||||||
|
3.13%, 08/31/29 |
700 | 660,953 | ||||||
|
3.25%, 06/30/29 |
700 | 666,203 | ||||||
|
3.50%, 01/31/30 |
400 | 386,313 | ||||||
|
3.50%, 02/15/33 |
500 | 483,594 | ||||||
|
3.88%, 09/30/29 |
1,270 | 1,252,934 | ||||||
|
3.88%, 11/30/29 |
400 | 394,875 | ||||||
|
3.88%, 12/31/29 |
1,200 | 1,185,375 | ||||||
|
4.00%, 10/31/29 |
1,430 | 1,421,509 | ||||||
|
4.00%, 02/28/30 |
200 | 199,219 | ||||||
|
4.13%, 11/15/32 |
1,650 | 1,676,812 | ||||||
|
5.25%, 11/15/28 |
200 | 210,906 | ||||||
|
5.25%, 02/15/29 |
550 | 580,121 | ||||||
|
5.38%, 02/15/31 |
300 | 327,563 | ||||||
|
6.13%, 08/15/29 |
500 | 556,055 | ||||||
| Security | Par/ Shares (000) |
Value | ||||||
| U.S. Government Obligations (continued) | ||||||||
|
6.25%, 05/15/30 |
$ | 300 | $ | 340,641 | ||||
|
|
|
|||||||
| 34,637,470 | ||||||||
|
|
|
|||||||
|
Total U.S. Government & Agency Obligations — 73.7% |
||||||||
|
(Cost: $128,484,371) |
120,018,328 | |||||||
|
|
|
|||||||
|
Total
Long-Term Investments — 100.8% |
164,187,455 | |||||||
|
|
|
|||||||
|
Short-Term Securities |
||||||||
| Money Market Funds — 18.3% | ||||||||
|
BlackRock Cash Funds: Institutional, SL Agency Shares, 4.81%(l)(m) |
28,315 | 28,331,527 | ||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.41%(l)(m)(n) |
1,361 | 1,361,336 | ||||||
|
|
|
|||||||
|
Total
Short-Term Securities — 18.3% |
29,692,863 | |||||||
|
|
|
|||||||
|
Total Investments Before TBA Sales Commitments —119.1% |
||||||||
|
(Cost: $205,566,855) |
|
193,880,318 | ||||||
|
|
|
|||||||
|
TBA Sales Commitments(k) |
||||||||
| Mortgage-Backed Securities — (1.8)% | ||||||||
|
Uniform Mortgage-Backed Securities |
||||||||
|
2.50%, 03/13/53 |
(1,475 | ) | (1,249,314 | ) | ||||
|
3.00%, 03/13/53 |
(1,300 | ) | (1,143,314 | ) | ||||
|
4.00%, 03/13/53 |
(200 | ) | (187,719 | ) | ||||
|
4.50%, 03/13/53 |
(225 | ) | (216,773 | ) | ||||
|
5.00%, 03/13/53 |
(100 | ) | (98,297 | ) | ||||
|
|
|
|||||||
|
Total
TBA Sales Commitments — (1.8)% |
|
(2,895,417 | ) | |||||
|
|
|
|||||||
|
Total Investments, Net of TBA Sales Commitments —117.3% |
||||||||
|
(Cost: $202,667,964) |
|
190,984,901 | ||||||
|
Liabilities in Excess of Other Assets — (17.3)% |
|
(28,141,103 | ) | |||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 162,843,798 | ||||||
|
|
|
|||||||
| (a) |
Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
| (b) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
| (c) |
All or a portion of this security is on loan. |
| (d) |
This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (e) |
Perpetual security with no stated maturity date. |
| (f) |
U.S. dollar denominated security issued by foreign domiciled entity. |
| (g) |
Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. |
| (h) |
Zero-coupon bond. |
| (i) |
Issuer filed for bankruptcy and/or is in default. |
| (j) |
Non-income producing security. |
| (k) |
Represents or includes a TBA transaction. |
| (l) |
Affiliate of the Fund. |
| (m) |
Annualized 7-day yield as of period end. |
| (n) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
| 40 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023
|
iShares® Core 5-10 Year USD Bond ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
|
||||||||||||||||||||||||||||||||||||
| Affiliated Issuer | Value at 02/28/22 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 02/28/23 |
Shares Held at 02/28/23 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||
|
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 5,859,959 | $ | 22,455,014 | (a) | $ | — | $ | 831 | $ | 15,723 | $ | 28,331,527 | 28,315 | $ | 450,455 | $ | — | ||||||||||||||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares |
348,175 | 1,013,161 | (a) | — | — | — | 1,361,336 | 1,361 | 14,296 | (b) | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| $ | 831 | $ | 15,723 | $ | 29,692,863 | $ | 464,751 | $ | — | |||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
| (b) |
All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. 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 | |||||||||||||
|
|
||||||||||||||||
|
Assets |
||||||||||||||||
|
Investments |
| |||||||||||||||
|
Long-Term Investments |
||||||||||||||||
|
Collaterized Mortgage Obligations |
$ | — | $ | 1,417,808 | $ | — | $ | 1,417,808 | ||||||||
|
Corporate Bonds & Notes |
— | 37,678,742 | — | 37,678,742 | ||||||||||||
|
Foreign Government Obligations |
— | 5,020,077 | — | 5,020,077 | ||||||||||||
|
Municipal Debt Obligations |
— | 52,500 | — | 52,500 | ||||||||||||
|
U.S. Government & Agency Obligations |
— | 120,018,328 | — | 120,018,328 | ||||||||||||
|
Short-Term Securities |
| |||||||||||||||
|
Money Market Funds |
29,692,863 | — | — | 29,692,863 | ||||||||||||
|
Liabilities |
| |||||||||||||||
|
Investments |
||||||||||||||||
|
TBA Sales Commitments |
— | (2,895,417 | ) | — | (2,895,417 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 29,692,863 | $ | 161,292,038 | $ | — | $ | 190,984,901 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
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 |
41 |
|
Schedule of Investments February 28, 2023
|
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets)
|
| Security | Par (000) |
Value | ||||||
|
Corporate Bonds & Notes |
| |||||||
|
Advertising — 0.0% |
||||||||
|
Interpublic Group of Companies Inc. (The), 5.40%, 10/01/48 (Call 04/01/48) |
$ | 49 | $ | 46,335 | ||||
|
|
|
|||||||
|
Aerospace & Defense — 1.1% |
||||||||
|
BAE Systems Holdings Inc., 4.75%, 10/07/44(a) |
85 | 76,138 | ||||||
|
BAE Systems PLC |
||||||||
|
3.00%, 09/15/50 (Call 03/15/50)(a) |
50 | 33,143 | ||||||
|
5.80%, 10/11/41(a) |
50 | 50,611 | ||||||
|
Boeing Co. (The) |
||||||||
|
3.38%, 06/15/46 (Call 12/15/45) |
42 | 27,871 | ||||||
|
3.55%, 03/01/38 (Call 09/01/37) |
30 | 22,626 | ||||||
|
3.63%, 03/01/48 (Call 09/01/47) |
105 | 71,784 | ||||||
|
3.65%, 03/01/47 (Call 09/01/46) |
110 | 76,172 | ||||||
|
3.75%, 02/01/50 (Call 08/01/49) |
60 | 42,497 | ||||||
|
3.83%, 03/01/59 (Call 09/01/58) |
5 | 3,369 | ||||||
|
3.85%, 11/01/48 (Call 05/01/48) |
45 | 32,028 | ||||||
|
3.90%, 05/01/49 (Call 11/01/48) |
95 | 68,281 | ||||||
|
3.95%, 08/01/59 (Call 02/01/59) |
5 | 3,459 | ||||||
|
5.71%, 05/01/40 (Call 11/01/39) |
110 | 105,343 | ||||||
|
5.81%, 05/01/50 (Call 11/01/49) |
310 | 295,588 | ||||||
|
5.88%, 02/15/40 |
40 | 38,938 | ||||||
|
5.93%, 05/01/60 (Call 11/01/59) |
165 | 155,239 | ||||||
|
6.63%, 02/15/38 |
70 | 72,981 | ||||||
|
6.88%, 03/15/39 |
150 | 160,541 | ||||||
|
Bombardier Inc., 7.45%, 05/01/34(a) |
35 | 35,555 | ||||||
|
General Dynamics Corp. |
||||||||
|
3.60%, 11/15/42 (Call 05/14/42) |
31 | 25,609 | ||||||
|
4.25%, 04/01/40 (Call 10/01/39) |
35 | 31,743 | ||||||
|
4.25%, 04/01/50 (Call 10/01/49) |
55 | 49,037 | ||||||
|
Howmet Aerospace Inc., 5.95%, 02/01/37 |
40 | 39,510 | ||||||
|
L3Harris Technologies Inc. |
||||||||
|
4.85%, 04/27/35 (Call 10/27/34) |
80 | 76,006 | ||||||
|
5.05%, 04/27/45 (Call 10/27/44) |
15 | 13,888 | ||||||
|
6.15%, 12/15/40 |
60 | 62,849 | ||||||
|
Lockheed Martin Corp. |
||||||||
|
2.80%, 06/15/50 (Call 12/15/49) |
30 | 20,687 | ||||||
|
3.60%, 03/01/35 (Call 09/01/34) |
35 | 30,905 | ||||||
|
3.80%, 03/01/45 (Call 09/01/44) |
155 | 127,937 | ||||||
|
4.07%, 12/15/42 |
70 | 61,129 | ||||||
|
4.09%, 09/15/52 (Call 03/15/52) |
57 | 48,990 | ||||||
|
4.15%, 06/15/53 (Call 12/15/52) |
35 | 30,028 | ||||||
|
4.30%, 06/15/62 (Call 12/15/61) |
40 | 34,675 | ||||||
|
4.50%, 05/15/36 (Call 11/15/35) |
106 | 101,089 | ||||||
|
4.70%, 05/15/46 (Call 11/15/45) |
67 | 63,227 | ||||||
|
5.70%, 11/15/54 (Call 05/15/54) |
40 | 43,323 | ||||||
|
5.72%, 06/01/40 |
35 | 37,173 | ||||||
|
5.90%, 11/15/63 (Call 05/15/63) |
55 | 60,875 | ||||||
|
Series B, 6.15%, 09/01/36 |
125 | 136,208 | ||||||
|
Northrop Grumman Corp. |
||||||||
|
3.85%, 04/15/45 (Call 10/15/44) |
35 | 27,799 | ||||||
|
4.03%, 10/15/47 (Call 04/15/47) |
173 | 142,993 | ||||||
|
4.75%, 06/01/43 |
88 | 80,528 | ||||||
|
4.95%, 03/15/53 (Call 09/15/52) |
60 | 56,544 | ||||||
|
5.05%, 11/15/40 |
35 | 33,559 | ||||||
|
5.15%, 05/01/40 (Call 11/01/39) |
10 | 9,703 | ||||||
|
5.25%, 05/01/50 (Call 11/01/49) |
40 | 39,455 | ||||||
|
Raytheon Technologies Corp. |
||||||||
|
3.03%, 03/15/52 (Call 09/15/51) |
120 | 82,895 | ||||||
|
3.13%, 07/01/50 (Call 01/01/50) |
65 | 45,733 | ||||||
| Security | Par (000) |
Value | ||||||
|
Aerospace & Defense (continued) |
||||||||
|
3.75%, 11/01/46 (Call 05/01/46) |
$ | 80 | $ | 62,953 | ||||
|
4.05%, 05/04/47 (Call 11/04/46) |
40 | 33,128 | ||||||
|
4.15%, 05/15/45 (Call 11/16/44) |
144 | 120,060 | ||||||
|
4.35%, 04/15/47 (Call 10/15/46) |
60 | 52,079 | ||||||
|
4.45%, 11/16/38 (Call 05/16/38) |
65 | 58,726 | ||||||
|
4.50%, 06/01/42 |
235 | 211,227 | ||||||
|
4.63%, 11/16/48 (Call 05/16/48) |
105 | 95,409 | ||||||
|
4.70%, 12/15/41 |
55 | 50,456 | ||||||
|
4.80%, 12/15/43 (Call 06/15/43) |
80 | 73,204 | ||||||
|
4.88%, 10/15/40 |
36 | 33,657 | ||||||
|
6.05%, 06/01/36 |
65 | 68,355 | ||||||
|
6.13%, 07/15/38 |
5 | 5,320 | ||||||
|
|
|
|||||||
|
|
3,850,835 |
| ||||||
|
Agriculture — 0.7% |
||||||||
|
Altria Group Inc. |
||||||||
|
3.40%, 02/04/41 (Call 08/04/40) |
55 | 36,843 | ||||||
|
3.70%, 02/04/51 (Call 08/04/50) |
135 | 85,640 | ||||||
|
3.88%, 09/16/46 (Call 03/16/46) |
103 | 68,873 | ||||||
|
4.00%, 02/04/61 (Call 08/04/60) |
70 | 46,218 | ||||||
|
4.25%, 08/09/42 |
73 | 54,613 | ||||||
|
4.45%, 05/06/50 (Call 11/06/49) |
45 | 31,904 | ||||||
|
4.50%, 05/02/43 |
90 | 68,324 | ||||||
|
5.38%, 01/31/44 |
125 | 108,854 | ||||||
|
5.80%, 02/14/39 (Call 08/14/38) |
156 | 143,523 | ||||||
|
5.95%, 02/14/49 (Call 08/14/48) |
135 | 120,809 | ||||||
|
Archer-Daniels-Midland Co. |
||||||||
|
3.75%, 09/15/47 (Call 03/15/47) |
55 | 45,231 | ||||||
|
4.02%, 04/16/43 |
45 | 38,434 | ||||||
|
4.50%, 03/15/49 (Call 09/15/48) |
70 | 63,959 | ||||||
|
4.54%, 03/26/42 |
2 | 1,832 | ||||||
|
BAT Capital Corp. |
||||||||
|
3.73%, 09/25/40 (Call 03/25/40) |
10 | 6,839 | ||||||
|
3.98%, 09/25/50 (Call 03/25/50) |
60 | 39,540 | ||||||
|
4.39%, 08/15/37 (Call 02/15/37) |
110 | 85,348 | ||||||
|
4.54%, 08/15/47 (Call 02/15/47) |
180 | 129,110 | ||||||
|
4.76%, 09/06/49 (Call 03/06/49) |
60 | 44,488 | ||||||
|
5.28%, 04/02/50 (Call 02/02/49) |
5 | 3,975 | ||||||
|
5.65%, 03/16/52 (Call 09/16/51) |
30 | 25,206 | ||||||
|
Cargill Inc. |
||||||||
|
3.13%, 05/25/51 (Call 11/25/50)(a) |
110 | 77,064 | ||||||
|
3.88%, 05/23/49 (Call 11/23/48)(a) |
25 | 20,073 | ||||||
|
4.76%, 11/23/45(a) |
55 | 50,206 | ||||||
|
Philip Morris International Inc. |
||||||||
|
3.88%, 08/21/42 |
69 | 52,497 | ||||||
|
4.13%, 03/04/43 |
125 | 98,666 | ||||||
|
4.25%, 11/10/44 |
106 | 84,472 | ||||||
|
4.38%, 11/15/41 |
47 | 38,913 | ||||||
|
4.50%, 03/20/42 |
125 | 104,269 | ||||||
|
4.88%, 11/15/43 |
20 | 17,433 | ||||||
|
6.38%, 05/16/38 |
30 | 31,650 | ||||||
|
Reynolds American Inc. |
||||||||
|
5.70%, 08/15/35 (Call 02/15/35) |
70 | 63,666 | ||||||
|
5.85%, 08/15/45 (Call 02/12/45) |
180 | 154,676 | ||||||
|
6.15%, 09/15/43 |
10 | 9,146 | ||||||
|
7.25%, 06/15/37 |
146 | 153,939 | ||||||
|
|
|
|||||||
|
|
2,206,233 |
| ||||||
|
Airlines — 0.0% |
||||||||
|
American Airlines 2021-1 Pass Through Trust, Series A, Class A, 2.88%, 01/11/36 |
15 | 11,997 | ||||||
|
|
|
|||||||
| 42 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Apparel — 0.1% |
||||||||
|
NIKE Inc. |
||||||||
|
3.38%, 11/01/46 (Call 05/01/46) |
$ | 55 | $ | 42,357 | ||||
|
3.38%, 03/27/50 (Call 09/27/49) |
75 | 58,354 | ||||||
|
3.63%, 05/01/43 (Call 11/01/42) |
95 | 77,851 | ||||||
|
3.88%, 11/01/45 (Call 05/01/45) |
60 | 51,449 | ||||||
|
|
|
|||||||
|
|
230,011 |
| ||||||
|
Auto Manufacturers — 0.3% |
||||||||
|
Cummins Inc. |
||||||||
|
2.60%, 09/01/50 (Call 03/01/50) |
15 | 9,463 | ||||||
|
4.88%, 10/01/43 (Call 04/01/43) |
86 | 82,252 | ||||||
|
Ford Motor Co. |
||||||||
|
4.75%, 01/15/43 |
140 | 102,686 | ||||||
|
5.29%, 12/08/46 (Call 06/08/46) |
90 | 70,368 | ||||||
|
7.40%, 11/01/46 |
25 | 24,864 | ||||||
|
General Motors Co. |
||||||||
|
5.00%, 04/01/35 |
68 | 60,374 | ||||||
|
5.15%, 04/01/38 (Call 10/01/37) |
55 | 47,516 | ||||||
|
5.20%, 04/01/45 |
35 | 28,867 | ||||||
|
5.40%, 04/01/48 (Call 10/01/47) |
82 | 68,286 | ||||||
|
5.95%, 04/01/49 (Call 10/01/48) |
65 | 58,498 | ||||||
|
6.25%, 10/02/43 |
88 | 82,820 | ||||||
|
6.60%, 04/01/36 (Call 10/01/35) |
83 | 82,980 | ||||||
|
6.75%, 04/01/46 (Call 10/01/45) |
100 | 98,596 | ||||||
|
|
|
|||||||
|
|
817,570 |
| ||||||
|
Auto Parts & Equipment — 0.1% |
||||||||
|
Aptiv PLC |
||||||||
|
3.10%, 12/01/51 (Call 06/01/51) |
15 | 9,033 | ||||||
|
4.40%, 10/01/46 (Call 04/01/46) |
25 | 18,900 | ||||||
|
5.40%, 03/15/49 (Call 09/15/48) |
90 | 78,208 | ||||||
|
Aptiv
PLC/Aptiv Corp., 4.15%, 05/01/52 |
80 | 58,542 | ||||||
|
BorgWarner Inc., 4.38%, 03/15/45 (Call 09/15/44) |
31 | 24,103 | ||||||
|
Goodyear
Tire & Rubber Co. (The), 5.63%, 04/30/33 |
30 | 25,490 | ||||||
|
Lear Corp. |
||||||||
|
3.55%, 01/15/52 (Call 07/15/51) |
15 | 9,369 | ||||||
|
5.25%, 05/15/49 (Call 11/15/48) |
20 | 16,890 | ||||||
|
|
|
|||||||
|
|
240,535 |
| ||||||
|
Banks — 3.8% |
||||||||
|
Bank of America Corp. |
||||||||
|
2.68%, 06/19/41 (Call 06/19/40), (1 day SOFR + 1.930%)(b) |
319 | 219,016 | ||||||
|
2.83%, 10/24/51 (Call 10/24/50), (1 day SOFR + 1.880%)(b) |
125 | 79,984 | ||||||
|
2.97%, 07/21/52 (Call 07/21/51), (1 day SOFR + 1.560%)(b) |
85 | 55,542 | ||||||
|
3.95%,
01/23/49 (Call 01/23/48), |
75 | 59,639 | ||||||
|
4.08%,
04/23/40 (Call 04/23/39), |
188 | 157,651 | ||||||
|
4.08%,
03/20/51 (Call 03/20/50), |
450 | 361,818 | ||||||
|
4.24%,
04/24/38 (Call 04/24/37), |
221 | 191,211 | ||||||
|
4.33%,
03/15/50 (Call 03/15/49), |
166 | 139,228 | ||||||
|
4.44%,
01/20/48 (Call 01/20/47), |
225 | 194,184 | ||||||
|
5.00%, 01/21/44 |
147 | 139,394 | ||||||
|
5.88%, 02/07/42 |
115 | 119,996 | ||||||
|
6.11%, 01/29/37 |
100 | 102,804 | ||||||
|
7.75%, 05/14/38 |
225 | 265,061 | ||||||
|
Series L, 4.75%, 04/21/45 |
45 | 40,881 | ||||||
| Security | Par (000) |
Value | ||||||
| Banks (continued) | ||||||||
|
Series
N, 3.48%, 03/13/52 (Call 03/11/51), |
$ | 60 | $ | 44,051 | ||||
|
Barclays PLC |
||||||||
|
4.95%, 01/10/47 |
215 | 192,238 | ||||||
|
5.25%, 08/17/45 |
100 | 93,024 | ||||||
|
Citigroup Inc. |
||||||||
|
2.90%, 11/03/42 (Call 11/03/41), (1 day SOFR + 1.379%)(b) |
145 | 100,977 | ||||||
|
3.88%,
01/24/39 (Call 01/22/38), |
95 | 78,131 | ||||||
|
4.28%,
04/24/48 (Call 04/24/47), |
55 | 46,670 | ||||||
|
4.65%, 07/30/45 |
142 | 125,707 | ||||||
|
4.65%, 07/23/48 (Call 06/23/48) |
110 | 98,448 | ||||||
|
4.75%, 05/18/46 |
145 | 124,881 | ||||||
|
5.30%, 05/06/44 |
25 | 23,515 | ||||||
|
5.32%, 03/26/41 (Call 03/26/40), (1 day SOFR + 4.548%)(b) |
117 | 113,802 | ||||||
|
6.13%, 08/25/36 |
175 | 177,777 | ||||||
|
6.68%, 09/13/43(c) |
100 | 110,111 | ||||||
|
8.13%, 07/15/39 |
141 | 179,043 | ||||||
|
Commonwealth Bank of Australia |
||||||||
|
3.74%, 09/12/39(a) |
200 | 152,636 | ||||||
|
3.90%, 07/12/47(a)(c) |
100 | 85,021 | ||||||
|
Cooperatieve Rabobank UA |
||||||||
|
5.25%, 05/24/41 |
50 | 52,096 | ||||||
|
5.25%, 08/04/45(c) |
250 | 236,997 | ||||||
|
Fifth Third Bancorp., 8.25%, 03/01/38 |
102 | 127,108 | ||||||
|
Goldman Sachs Group Inc. (The) |
||||||||
|
2.91%, 07/21/42 (Call 07/21/41), (1 day SOFR + 1.472%)(b) |
130 | 90,432 | ||||||
|
3.21%, 04/22/42 (Call 04/22/41), (1 day SOFR + 1.513%)(b) |
150 | 108,783 | ||||||
|
3.44%, 02/24/43 (Call 02/24/42), (1 day SOFR + 1.632%)(b) |
85 | 63,299 | ||||||
|
4.02%, 10/31/38 (Call 10/31/37), |
||||||||
|
(3 mo. LIBOR US + 1.373%)(b) |
228 | 189,055 | ||||||
|
4.41%, 04/23/39 (Call 04/23/38), |
||||||||
|
(3 mo. LIBOR US + 1.430%)(b) |
161 | 139,542 | ||||||
|
4.75%, 10/21/45 (Call 04/21/45) |
127 | 113,426 | ||||||
|
4.80%, 07/08/44 (Call 01/08/44) |
211 | 189,326 | ||||||
|
5.15%, 05/22/45 |
225 | 208,021 | ||||||
|
6.25%, 02/01/41 |
161 | 172,301 | ||||||
|
6.45%, 05/01/36 |
35 | 36,394 | ||||||
|
6.75%, 10/01/37 |
328 | 349,271 | ||||||
|
HSBC Holdings PLC |
||||||||
|
5.25%, 03/14/44 |
300 | 272,673 | ||||||
|
6.50%, 09/15/37 |
200 | 203,404 | ||||||
|
6.80%, 06/01/38 |
100 | 102,399 | ||||||
|
Intesa
Sanpaolo SpA, 4.95%, 06/01/42 |
55 | 36,811 | ||||||
|
JPMorgan Chase & Co. |
||||||||
|
2.53%, 11/19/41 (Call 11/19/40), (1 day SOFR + 1.510%)(b) |
202 | 135,136 | ||||||
|
3.11%, 04/22/41 (Call 04/22/40), (1 day SOFR + 2.460%)(b) |
170 | 125,569 | ||||||
|
3.11%, 04/22/51 (Call 04/22/50), (1 day SOFR + 2.440%)(b) |
161 | 109,902 | ||||||
|
3.16%, 04/22/42 (Call 04/22/41), (1 day SOFR + 2.460%)(b) |
25 | 18,451 | ||||||
|
3.33%, 04/22/52 (Call 04/22/51), (1 day SOFR + 1.580%)(b) |
240 | 170,297 | ||||||
|
3.88%,
07/24/38 (Call 07/24/37), |
187 | 155,765 | ||||||
|
3.90%,
01/23/49 (Call 01/23/48), |
20 | 15,887 | ||||||
|
3.96%,
11/15/48 (Call 11/15/47), |
240 | 192,811 | ||||||
|
4.03%,
07/24/48 (Call 07/24/47), |
105 | 85,549 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Banks (continued) | ||||||||
|
4.26%,
02/22/48 (Call 02/22/47), |
$ | 145 | $ | 122,515 | ||||
|
4.85%, 02/01/44 |
25 | 23,418 | ||||||
|
4.95%, 06/01/45 |
190 | 174,488 | ||||||
|
5.40%, 01/06/42 |
35 | 34,776 | ||||||
|
5.50%, 10/15/40 |
96 | 97,038 | ||||||
|
5.60%, 07/15/41 |
189 | 192,351 | ||||||
|
5.63%, 08/16/43 |
120 | 119,249 | ||||||
|
6.40%, 05/15/38 |
183 | 200,720 | ||||||
|
Kreditanstalt fuer Wiederaufbau |
||||||||
|
0.00%, 04/18/36(d) |
165 | 95,314 | ||||||
|
0.00%, 06/29/37(d) |
175 | 96,201 | ||||||
|
Lloyds Banking Group PLC, 5.30%, 12/01/45 |
200 | 180,080 | ||||||
|
Mitsubishi UFJ Financial Group Inc. |
||||||||
|
4.15%, 03/07/39 |
96 | 83,803 | ||||||
|
4.29%, 07/26/38 |
95 | 85,208 | ||||||
|
Morgan Stanley |
||||||||
|
2.80%, 01/25/52 (Call 07/25/51), (1 day SOFR + 1.430%)(b) |
120 | 77,278 | ||||||
|
3.22%, 04/22/42 (Call 04/22/41), (1 day SOFR + 1.485%)(b) |
115 | 85,663 | ||||||
|
3.97%, 07/22/38 (Call 07/22/37), |
||||||||
|
(3 mo. LIBOR US + 1.455%)(b) |
200 | 168,840 | ||||||
|
4.30%, 01/27/45 |
301 | 258,851 | ||||||
|
4.38%, 01/22/47 |
150 | 130,561 | ||||||
|
4.46%,
04/22/39 (Call 04/22/38), |
82 | 72,857 | ||||||
|
5.60%, 03/24/51 (Call 03/24/50), (1 day SOFR + 4.480%)(b) |
121 | 125,081 | ||||||
|
6.38%, 07/24/42 |
112 | 123,282 | ||||||
|
Regions Financial Corp., 7.38%, 12/10/37 |
10 | 11,463 | ||||||
|
Societe Generale SA, 3.63%, 03/01/41(a) |
200 | 135,038 | ||||||
|
Standard Chartered PLC, 5.70%, 03/26/44(a) |
200 | 189,840 | ||||||
|
Sumitomo Mitsui Financial Group Inc., 2.93%, 09/17/41 |
50 | 34,718 | ||||||
|
UBS
Group AG, 3.18%, 02/11/43 (Call 02/11/42), |
200 | 144,342 | ||||||
|
Wachovia Corp., 5.50%, 08/01/35 |
75 | 73,946 | ||||||
|
Wells Fargo & Co. |
||||||||
|
3.07%, 04/30/41 (Call 04/30/40), (1 day SOFR + 2.530%)(b) |
320 | 232,749 | ||||||
|
3.90%, 05/01/45 |
170 | 134,902 | ||||||
|
4.40%, 06/14/46 |
105 | 85,862 | ||||||
|
4.61%, 04/25/53 (Call 04/25/52), (1 day SOFR + 2.130%)(b) |
195 | 169,018 | ||||||
|
4.65%, 11/04/44 |
95 | 81,191 | ||||||
|
4.75%, 12/07/46 |
135 | 115,679 | ||||||
|
4.90%, 11/17/45 |
163 | 144,059 | ||||||
|
5.01%, 04/04/51 (Call 04/04/50), (1 day SOFR + 4.502%)(b) |
440 | 405,218 | ||||||
|
5.38%, 11/02/43 |
121 | 114,474 | ||||||
|
5.61%, 01/15/44 |
205 | 199,721 | ||||||
|
5.95%, 12/01/86 |
15 | 15,492 | ||||||
|
Wells Fargo Bank NA, 6.60%, 01/15/38 |
250 | 271,860 | ||||||
|
Westpac Banking Corp. |
||||||||
|
2.96%, 11/16/40 |
60 | 40,732 | ||||||
|
3.13%, 11/18/41 |
90 | 61,718 | ||||||
|
4.42%, 07/24/39 |
115 | 97,063 | ||||||
|
|
|
|||||||
|
|
12,879,805 |
| ||||||
|
Beverages — 1.4% |
||||||||
|
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc. |
||||||||
|
4.70%, 02/01/36 (Call 08/01/35) |
423 | 396,892 | ||||||
|
4.90%, 02/01/46 (Call 08/01/45) |
460 | 422,298 | ||||||
|
Anheuser-Busch InBev Finance Inc. |
||||||||
|
4.00%, 01/17/43 |
15 | 12,399 | ||||||
|
4.63%, 02/01/44 |
100 | 89,297 | ||||||
| Security | Par (000) |
Value | ||||||
| Beverages (continued) | ||||||||
|
4.70%, 02/01/36 (Call 08/01/35) |
$ | 255 | $ | 239,822 | ||||
|
4.90%, 02/01/46 (Call 08/01/45) |
40 | 36,547 | ||||||
|
Anheuser-Busch
InBev Worldwide Inc. |
30 | 26,314 | ||||||
|
4.38%, 04/15/38 (Call 10/15/37) |
85 | 75,855 | ||||||
|
4.44%, 10/06/48 (Call 04/06/48) |
96 | 82,595 | ||||||
|
4.50%, 06/01/50 (Call 12/01/49) |
100 | 88,051 | ||||||
|
4.60%, 04/15/48 (Call 10/15/47) |
323 | 284,345 | ||||||
|
4.75%, 04/15/58 (Call 10/15/57) |
110 | 98,226 | ||||||
|
4.95%, 01/15/42 |
65 | 60,691 | ||||||
|
5.45%, 01/23/39 (Call 07/23/38) |
130 | 129,737 | ||||||
|
5.55%, 01/23/49 (Call 07/23/48) |
385 | 387,999 | ||||||
|
5.80%, 01/23/59 (Call 07/23/58) |
110 | 113,487 | ||||||
|
8.20%, 01/15/39 |
25 | 31,200 | ||||||
|
Brown-Forman Corp. |
||||||||
|
4.00%, 04/15/38 (Call 10/15/37) |
75 | 65,909 | ||||||
|
4.50%, 07/15/45 (Call 01/15/45) |
47 | 42,374 | ||||||
|
Coca-Cola Co. (The) |
||||||||
|
2.50%, 06/01/40 |
116 | 84,246 | ||||||
|
2.50%, 03/15/51 |
150 | 98,172 | ||||||
|
2.60%, 06/01/50 |
125 | 83,654 | ||||||
|
2.75%, 06/01/60 |
65 | 42,778 | ||||||
|
2.88%, 05/05/41 |
100 | 76,205 | ||||||
|
3.00%, 03/05/51 |
105 | 76,510 | ||||||
|
Constellation Brands Inc. |
||||||||
|
3.75%, 05/01/50 (Call 11/01/49) |
95 | 70,743 | ||||||
|
4.10%, 02/15/48 (Call 08/15/47) |
45 | 35,331 | ||||||
|
5.25%, 11/15/48 (Call 05/15/48) |
40 | 37,253 | ||||||
|
Diageo Capital PLC |
||||||||
|
3.88%, 04/29/43 (Call 10/29/42) |
70 | 58,489 | ||||||
|
5.88%, 09/30/36 |
45 | 47,381 | ||||||
|
Diageo Investment Corp. |
||||||||
|
4.25%, 05/11/42 |
42 | 38,029 | ||||||
|
7.45%, 04/15/35 |
50 | 59,526 | ||||||
|
Fomento Economico Mexicano SAB de CV, 3.50%, 01/16/50 (Call 07/16/49) |
160 | 121,651 | ||||||
|
Heineken NV |
||||||||
|
4.00%, 10/01/42(a) |
15 | 12,131 | ||||||
|
4.35%, 03/29/47 (Call 09/29/46)(a) |
90 | 75,290 | ||||||
|
Keurig Dr Pepper Inc. |
||||||||
|
3.35%, 03/15/51 (Call 09/15/50) |
30 | 20,588 | ||||||
|
3.80%, 05/01/50 (Call 11/01/49) |
65 | 48,678 | ||||||
|
4.42%, 12/15/46 (Call 06/15/46) |
30 | 24,931 | ||||||
|
4.50%, 11/15/45 (Call 05/15/45) |
40 | 34,094 | ||||||
|
4.50%, 04/15/52 (Call 10/15/51) |
90 | 75,316 | ||||||
|
Molson Coors Beverage Co. |
||||||||
|
4.20%, 07/15/46 (Call 01/15/46) |
134 | 104,574 | ||||||
|
5.00%, 05/01/42 |
85 | 76,052 | ||||||
|
PepsiCo Inc. |
||||||||
|
2.63%, 10/21/41 (Call 04/21/41) |
55 | 40,347 | ||||||
|
2.75%, 10/21/51 (Call 04/21/51) |
50 | 34,694 | ||||||
|
2.88%, 10/15/49 (Call 04/15/49) |
200 | 143,854 | ||||||
|
3.38%, 07/29/49 (Call 01/29/49) |
47 | 37,256 | ||||||
|
3.45%, 10/06/46 (Call 04/06/46) |
84 | 67,785 | ||||||
|
3.50%, 03/19/40 (Call 09/19/39) |
30 | 24,824 | ||||||
|
3.63%, 03/19/50 (Call 09/19/49) |
119 | 98,075 | ||||||
|
3.88%, 03/19/60 (Call 09/19/59) |
150 | 126,355 | ||||||
|
4.00%, 03/05/42 |
5 | 4,435 | ||||||
|
4.25%, 10/22/44 (Call 04/22/44) |
5 | 4,456 | ||||||
| 44 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Beverages (continued) | ||||||||
|
4.45%, 04/14/46 (Call 10/14/45) |
$ | 5 | $ | 4,729 | ||||
|
|
|
|||||||
|
|
4,672,470 |
| ||||||
|
Biotechnology — 0.9% |
||||||||
|
Amgen Inc. |
||||||||
|
2.77%, 09/01/53 (Call 03/01/53) |
172 | 103,793 | ||||||
|
2.80%, 08/15/41 (Call 02/15/41) |
200 | 137,550 | ||||||
|
3.00%, 01/15/52 (Call 07/15/51) |
110 | 70,394 | ||||||
|
3.15%, 02/21/40 (Call 08/21/39) |
165 | 121,282 | ||||||
|
3.38%, 02/21/50 (Call 08/21/49) |
200 | 139,442 | ||||||
|
4.20%, 02/22/52 (Call 08/22/51) |
35 | 28,171 | ||||||
|
4.40%, 05/01/45 (Call 11/01/44) |
210 | 175,633 | ||||||
|
4.40%, 02/22/62 (Call 08/22/61) |
25 | 20,067 | ||||||
|
4.56%, 06/15/48 (Call 12/15/47) |
110 | 94,530 | ||||||
|
4.66%, 06/15/51 (Call 12/15/50) |
205 | 177,007 | ||||||
|
4.88%, 03/01/53 (Call 09/01/52) |
50 | 44,492 | ||||||
|
4.95%, 10/01/41 |
71 | 64,801 | ||||||
|
5.15%, 11/15/41 (Call 05/15/41) |
106 | 98,152 | ||||||
|
5.60%, 03/02/43 (Call 09/02/42) |
150 | 148,185 | ||||||
|
5.65%, 03/02/53 (Call 09/02/52) |
275 | 272,737 | ||||||
|
5.75%, 03/02/63 (Call 09/02/62) |
95 | 93,687 | ||||||
|
6.38%, 06/01/37 |
37 | 39,608 | ||||||
|
6.40%, 02/01/39 |
60 | 63,840 | ||||||
|
Biogen Inc. |
||||||||
|
3.15%, 05/01/50 (Call 11/01/49) |
105 | 69,566 | ||||||
|
3.25%, 02/15/51 (Call 08/15/50) |
114 | 76,753 | ||||||
|
CSL Finance PLC |
||||||||
|
4.75%, 04/27/52 (Call 10/27/51)(a) |
35 | 31,726 | ||||||
|
4.95%, 04/27/62 (Call 10/27/61)(a) |
5 | 4,641 | ||||||
|
Gilead Sciences Inc. |
||||||||
|
4.00%, 09/01/36 (Call 03/01/36) |
150 | 132,183 | ||||||
|
4.15%, 03/01/47 (Call 09/01/46) |
165 | 138,093 | ||||||
|
4.50%, 02/01/45 (Call 08/01/44) |
105 | 92,294 | ||||||
|
4.60%, 09/01/35 (Call 03/01/35) |
95 | 90,186 | ||||||
|
4.75%, 03/01/46 (Call 09/01/45) |
188 | 170,078 | ||||||
|
4.80%, 04/01/44 (Call 10/01/43) |
160 | 147,294 | ||||||
|
5.65%, 12/01/41 (Call 06/01/41) |
10 | 10,258 | ||||||
|
Regeneron Pharmaceuticals Inc., 2.80%, 09/15/50 (Call 03/15/50) |
75 | 47,002 | ||||||
|
Royalty Pharma PLC |
||||||||
|
3.30%, 09/02/40 (Call 03/02/40) |
25 | 17,440 | ||||||
|
3.35%, 09/02/51 (Call 03/02/51) |
40 | 24,867 | ||||||
|
3.55%, 09/02/50 (Call 03/02/50) |
120 | 78,065 | ||||||
|
|
|
|||||||
|
|
3,023,817 |
| ||||||
| Building Materials — 0.2% | ||||||||
|
Carrier Global Corp. |
||||||||
|
3.38%, 04/05/40 (Call 10/05/39) |
95 | 71,209 | ||||||
|
3.58%, 04/05/50 (Call 10/05/49) |
135 | 97,320 | ||||||
|
CRH America Inc., 5.13%, 05/18/45 (Call 11/18/44)(a) |
20 | 18,088 | ||||||
|
Fortune Brands Home & Security Inc., 4.50%, 03/25/52 (Call 09/25/51) |
45 | 33,770 | ||||||
|
Johnson Controls International PLC |
||||||||
|
4.50%, 02/15/47 (Call 08/15/46) |
130 | 110,590 | ||||||
|
4.63%, 07/02/44 (Call 01/02/44) |
30 | 26,339 | ||||||
|
4.95%, 07/02/64 (Call 01/02/64)(e) |
43 | 37,429 | ||||||
|
Lafarge SA, 7.13%, 07/15/36 |
25 | 26,882 | ||||||
|
Martin Marietta Materials Inc. |
||||||||
|
3.20%, 07/15/51 (Call 01/15/51) |
20 | 13,536 | ||||||
|
4.25%, 12/15/47 (Call 06/15/47) |
80 | 66,002 | ||||||
| Security | Par (000) |
Value | ||||||
| Building Materials (continued) | ||||||||
|
Masco Corp. |
||||||||
|
3.13%, 02/15/51 (Call 08/15/50) |
$ | 30 | $ | 19,170 | ||||
|
4.50%, 05/15/47 (Call 11/15/46) |
82 | 66,583 | ||||||
|
Owens Corning |
||||||||
|
4.30%, 07/15/47 (Call 01/15/47) |
32 | 25,535 | ||||||
|
4.40%, 01/30/48 (Call 07/30/47) |
25 | 20,212 | ||||||
|
7.00%, 12/01/36 |
20 | 21,806 | ||||||
|
Trane Technologies Global Holding Co. Ltd. |
||||||||
|
4.30%, 02/21/48 (Call 08/21/47) |
25 | 20,468 | ||||||
|
5.75%, 06/15/43 |
40 | 40,367 | ||||||
|
Trane Technologies Luxembourg Finance SA, 4.65%, 11/01/44 (Call 05/01/44) |
15 | 12,822 | ||||||
|
Vulcan Materials Co. |
||||||||
|
4.50%, 06/15/47 (Call 12/15/46) |
40 | 34,235 | ||||||
|
4.70%, 03/01/48 (Call 09/01/47) |
30 | 26,362 | ||||||
|
|
|
|||||||
|
|
788,725 |
| ||||||
| Chemicals — 0.9% | ||||||||
|
Air Products and Chemicals Inc. |
||||||||
|
2.70%, 05/15/40 (Call 11/15/39) |
40 | 29,563 | ||||||
|
2.80%, 05/15/50 (Call 11/15/49) |
65 | 44,946 | ||||||
|
Albemarle Corp., 5.45%, 12/01/44 (Call 06/01/44) |
45 | 41,554 | ||||||
|
Ashland LLC, 6.88%, 05/15/43 (Call 02/15/43)(c) |
20 | 19,938 | ||||||
|
Braskem
America Finance Co., 7.13%, 07/22/41 |
200 | 188,554 | ||||||
|
CF Industries Inc. |
||||||||
|
4.95%, 06/01/43 |
32 | 26,787 | ||||||
|
5.38%, 03/15/44 |
110 | 97,082 | ||||||
|
Dow Chemical Co. (The) |
||||||||
|
3.60%, 11/15/50 (Call 05/15/50) |
25 | 18,036 | ||||||
|
4.38%, 11/15/42 (Call 05/15/42) |
77 | 64,841 | ||||||
|
4.63%, 10/01/44 (Call 04/01/44) |
85 | 73,141 | ||||||
|
4.80%, 05/15/49 (Call 11/15/48) |
45 | 38,413 | ||||||
|
5.25%, 11/15/41 (Call 05/15/41) |
91 | 85,571 | ||||||
|
5.55%, 11/30/48 (Call 05/30/48) |
50 | 47,563 | ||||||
|
6.90%, 05/15/53 (Call 11/15/52) |
65 | 72,616 | ||||||
|
9.40%, 05/15/39 |
38 | 50,373 | ||||||
|
DuPont de Nemours Inc. |
||||||||
|
5.32%, 11/15/38 (Call 05/15/38) |
101 | 98,086 | ||||||
|
5.42%, 11/15/48 (Call 05/15/48) |
135 | 129,469 | ||||||
|
Eastman Chemical Co. |
||||||||
|
4.65%, 10/15/44 (Call 04/15/44) |
74 | 61,648 | ||||||
|
4.80%, 09/01/42 (Call 03/01/42) |
50 | 43,334 | ||||||
|
Ecolab Inc. |
||||||||
|
2.70%, 12/15/51 (Call 06/15/51) |
50 | 31,747 | ||||||
|
2.75%, 08/18/55 (Call 02/18/55) |
92 | 56,533 | ||||||
|
FMC Corp., 4.50%, 10/01/49 (Call 04/01/49) |
40 | 32,401 | ||||||
|
ICL Group Ltd., 6.38%, 05/31/38 (Call 11/30/37)(a)(f) |
90 | 89,048 | ||||||
|
International Flavors & Fragrances Inc. |
||||||||
|
3.27%, 11/15/40 (Call 05/15/40)(a) |
95 | 65,203 | ||||||
|
4.38%, 06/01/47 (Call 12/01/46) |
75 | 56,807 | ||||||
|
5.00%, 09/26/48 (Call 03/26/48) |
90 | 74,644 | ||||||
|
Linde Inc./CT, 3.55%, 11/07/42 (Call 05/07/42) |
65 | 52,382 | ||||||
|
LYB International Finance BV |
||||||||
|
4.88%, 03/15/44 (Call 09/15/43) |
53 | 44,852 | ||||||
|
5.25%, 07/15/43 |
43 | 38,234 | ||||||
|
LYB International Finance III LLC |
||||||||
|
3.38%, 10/01/40 (Call 04/01/40) |
75 | 53,818 | ||||||
|
3.63%, 04/01/51 (Call 04/01/50) |
91 | 62,370 | ||||||
|
3.80%, 10/01/60 (Call 04/01/60) |
30 | 19,998 | ||||||
|
4.20%, 10/15/49 (Call 04/15/49) |
35 | 26,379 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Chemicals (continued) | ||||||||
|
4.20%, 05/01/50 (Call 11/01/49) |
$ | 130 | $ | 98,071 | ||||
|
LyondellBasell Industries NV, 4.63%, 02/26/55 (Call 08/26/54) |
66 | 52,778 | ||||||
|
Methanex Corp., 5.65%, 12/01/44 (Call 06/01/44) |
20 | 16,347 | ||||||
|
Mosaic
Co. (The) |
30 | 26,270 | ||||||
|
5.63%, 11/15/43 (Call 05/15/43) |
70 | 66,402 | ||||||
|
Nutrien
Ltd. |
30 | 22,878 | ||||||
|
4.13%, 03/15/35 (Call 09/15/34) |
70 | 60,575 | ||||||
|
4.90%, 06/01/43 (Call 12/01/42) |
40 | 35,739 | ||||||
|
5.00%, 04/01/49 (Call 10/01/48) |
25 | 22,498 | ||||||
|
5.25%, 01/15/45 (Call 07/15/44) |
70 | 64,658 | ||||||
|
5.63%, 12/01/40 |
41 | 39,744 | ||||||
|
5.88%, 12/01/36 |
25 | 25,133 | ||||||
|
6.13%, 01/15/41 (Call 07/15/40) |
25 | 25,533 | ||||||
|
Orbia Advance Corp. SAB de CV, 5.88%, 09/17/44(c)(f) |
200 | 177,084 | ||||||
|
RPM
International Inc. |
30 | 22,690 | ||||||
|
5.25%, 06/01/45 (Call 12/01/44) |
70 | 61,132 | ||||||
|
Sherwin-Williams
Co. (The) |
55 | 33,846 | ||||||
|
3.30%, 05/15/50 (Call 11/15/49) |
30 | 20,456 | ||||||
|
3.80%, 08/15/49 (Call 02/15/49) |
30 | 22,438 | ||||||
|
4.00%, 12/15/42 (Call 06/15/42) |
40 | 31,789 | ||||||
|
4.50%, 06/01/47 (Call 12/01/46) |
105 | 88,164 | ||||||
|
4.55%, 08/01/45 (Call 02/01/45) |
10 | 8,419 | ||||||
|
Westlake
Corp. |
25 | 15,467 | ||||||
|
4.38%, 11/15/47 (Call 05/15/47) |
50 | 39,129 | ||||||
|
5.00%, 08/15/46 (Call 02/15/46) |
131 | 110,436 | ||||||
|
|
|
|||||||
| 3,123,607 | ||||||||
| Commercial Services — 0.9% | ||||||||
|
California Endowment (The), Series 2021, 2.50%, 04/01/51 (Call 10/01/50) |
80 | 51,842 | ||||||
|
California
Institute of Technology |
15 | 10,226 | ||||||
|
4.32%, 08/01/45 |
75 | 66,910 | ||||||
|
4.70%, 11/01/2111 |
30 | 26,403 | ||||||
|
Case
Western Reserve University, 5.41%, |
5 | 4,830 | ||||||
|
DP World Ltd./United Arab Emirates, 6.85%, 07/02/37(a) |
200 | 222,330 | ||||||
|
Duke University |
||||||||
|
Series 2020, 2.68%, 10/01/44 |
30 | 22,284 | ||||||
|
Series 2020, 2.76%, 10/01/50 |
40 | 27,890 | ||||||
|
Series 2020, 2.83%, 10/01/55 |
25 | 17,113 | ||||||
|
Emory
University, Series 2020, 2.97%, 09/01/50 |
45 | 32,367 | ||||||
|
ERAC
USA Finance LLC |
70 | 57,380 | ||||||
|
4.50%, 02/15/45 (Call 08/15/44)(a) |
15 | 12,850 | ||||||
|
5.63%, 03/15/42(a) |
10 | 9,843 | ||||||
|
7.00%, 10/15/37(a) |
155 | 174,724 | ||||||
|
Ford Foundation (The) |
||||||||
|
Series 2020, 2.42%, 06/01/50 (Call 12/01/49) |
35 | 22,682 | ||||||
|
Series 2020, 2.82%, 06/01/70 (Call 12/01/69) |
45 | 27,411 | ||||||
|
George
Washington University (The) |
90 | 85,096 | ||||||
|
Series 2014, 4.30%, 09/15/44 |
45 | 39,406 | ||||||
|
Series 2018, 4.13%, 09/15/48 (Call 03/15/48) |
25 | 21,547 | ||||||
| Security |
Par (000) |
Value | ||||||
| Commercial Services (continued) | ||||||||
|
Georgetown University (The) |
||||||||
|
Series 20A, 2.94%, 04/01/50 |
$ | 45 | $ | 29,860 | ||||
|
Series B, 4.32%, 04/01/49 (Call 10/01/48) |
96 | 82,140 | ||||||
|
Global
Payments Inc. |
55 | 39,786 | ||||||
|
5.95%, 08/15/52 (Call 02/15/52) |
30 | 27,684 | ||||||
|
Howard University, 5.21%, 10/01/52 (Call 10/01/32) |
5 | 4,093 | ||||||
|
Johns Hopkins University |
||||||||
|
Series 2013, 4.08%, 07/01/53 |
25 | 21,709 | ||||||
|
Series A, 2.81%, 01/01/60 (Call 07/01/59) |
55 | 35,599 | ||||||
|
Leland
Stanford Junior University (The) |
20 | 13,251 | ||||||
|
3.65%, 05/01/48 (Call 11/01/47) |
100 | 84,587 | ||||||
|
Massachusetts
Institute of Technology |
25 | 18,834 | ||||||
|
3.96%, 07/01/38 |
25 | 22,964 | ||||||
|
4.68%, 07/01/2114 |
30 | 27,199 | ||||||
|
5.60%, 07/01/2111 |
30 | 32,421 | ||||||
|
Series F, 2.99%, 07/01/50 (Call 01/01/50) |
25 | 18,597 | ||||||
|
Series G, 2.29%, 07/01/51 (Call 01/01/51) |
45 | 28,539 | ||||||
|
Moody’s
Corp. |
70 | 43,541 | ||||||
|
3.25%, 05/20/50 (Call 11/20/49) |
45 | 31,324 | ||||||
|
4.88%, 12/17/48 (Call 06/17/48) |
25 | 22,615 | ||||||
|
5.25%, 07/15/44 |
51 | 48,736 | ||||||
|
Northeastern University, Series 2020, 2.89%, 10/01/50 |
30 | 20,519 | ||||||
|
Northwestern
University |
15 | 14,457 | ||||||
|
Series 2017, 3.66%, 12/01/57 (Call 06/01/57) |
35 | 28,470 | ||||||
|
Series 2020, 2.64%, 12/01/50 (Call 06/01/50) |
50 | 34,554 | ||||||
|
PayPal
Holdings Inc. |
74 | 51,204 | ||||||
|
5.05%, 06/01/52 (Call 12/01/51) |
55 | 50,185 | ||||||
|
5.25%, 06/01/62 (Call 12/01/61) |
30 | 27,451 | ||||||
|
President
and Fellows of Harvard College |
70 | 47,256 | ||||||
|
3.15%, 07/15/46 (Call 01/15/46) |
45 | 34,924 | ||||||
|
4.88%, 10/15/40 |
65 | 65,743 | ||||||
|
Quanta
Services Inc., 3.05%, 10/01/41 |
5 | 3,345 | ||||||
|
Rockefeller
Foundation (The), Series 2020, |
15 | 9,795 | ||||||
|
S&P
Global Inc. |
60 | 33,145 | ||||||
|
3.25%, 12/01/49 (Call 06/01/49) |
86 | 63,048 | ||||||
|
3.70%, 03/01/52 |
25 | 19,786 | ||||||
|
Thomas Jefferson University, 3.85%, 11/01/57 (Call 05/01/57) |
10 | 7,412 | ||||||
|
Trustees
of Boston University, Series CC, |
90 | 79,303 | ||||||
|
Trustees
of Princeton University (The) |
50 | 55,082 | ||||||
|
Series 2020, 2.52%, 07/01/50 (Call 01/01/50) |
55 | 37,601 | ||||||
|
Trustees
of the University of Pennsylvania (The) |
15 | 10,439 | ||||||
|
4.67%, 09/01/2112 |
15 | 13,221 | ||||||
|
University
of Chicago (The) |
20 | 14,609 | ||||||
|
4.00%, 10/01/53 (Call 04/01/53) |
150 | 130,557 | ||||||
|
Series 20B, 2.76%, 04/01/45 (Call 10/01/44) |
5 | 3,849 | ||||||
|
Series C, 2.55%, 04/01/50 (Call 10/01/49) |
10 | 6,969 | ||||||
| 46 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Commercial Services (continued) | ||||||||
|
University of Notre Dame du Lac |
||||||||
|
Series 2015, 3.44%, 02/15/45 |
$ | 70 | $ | 56,920 | ||||
|
Series 2017, 3.39%, 02/15/48 (Call 08/15/47) |
56 | 44,974 | ||||||
|
University
of Southern California |
30 | 20,574 | ||||||
|
3.03%, 10/01/39 |
35 | 28,075 | ||||||
|
5.25%, 10/01/2111 |
50 | 50,096 | ||||||
|
Series 2017, 3.84%, 10/01/47 (Call 04/01/47) |
70 | 60,026 | ||||||
|
Verisk
Analytics Inc. |
25 | 17,362 | ||||||
|
5.50%, 06/15/45 (Call 12/15/44) |
55 | 51,356 | ||||||
|
William Marsh Rice University, 3.57%, 05/15/45 |
115 | 96,318 | ||||||
|
Yale University, Series 2020, 2.40%, 04/15/50 (Call 10/15/49) |
38 | 24,818 | ||||||
|
|
|
|||||||
| 2,880,056 | ||||||||
| Computers — 1.0% | ||||||||
|
Apple
Inc. |
70 | 49,449 | ||||||
|
2.40%, 08/20/50 (Call 02/20/50) |
90 | 57,055 | ||||||
|
2.55%, 08/20/60 (Call 02/20/60) |
95 | 59,169 | ||||||
|
2.65%, 05/11/50 (Call 11/11/49) |
128 | 86,020 | ||||||
|
2.65%, 02/08/51 (Call 08/08/50) |
220 | 146,632 | ||||||
|
2.70%, 08/05/51 (Call 02/05/51) |
135 | 90,365 | ||||||
|
2.80%, 02/08/61 (Call 02/08/60) |
215 | 137,162 | ||||||
|
2.85%, 08/05/61 (Call 02/05/61) |
105 | 68,289 | ||||||
|
2.95%, 09/11/49 (Call 03/11/49) |
290 | 208,124 | ||||||
|
3.45%, 02/09/45 |
140 | 112,991 | ||||||
|
3.75%, 09/12/47 (Call 03/12/47) |
100 | 83,266 | ||||||
|
3.85%, 05/04/43 |
160 | 137,496 | ||||||
|
3.85%, 08/04/46 (Call 02/04/46) |
130 | 109,767 | ||||||
|
3.95%, 08/08/52 (Call 02/08/52) |
40 | 34,075 | ||||||
|
4.10%, 08/08/62 (Call 02/08/62) |
45 | 38,060 | ||||||
|
4.25%, 02/09/47 (Call 08/09/46) |
80 | 73,149 | ||||||
|
4.38%, 05/13/45 |
141 | 129,621 | ||||||
|
4.45%, 05/06/44 |
50 | 47,575 | ||||||
|
4.50%, 02/23/36 (Call 08/23/35) |
150 | 147,045 | ||||||
|
4.65%, 02/23/46 (Call 08/23/45) |
240 | 228,540 | ||||||
|
Dell Inc., 6.50%, 04/15/38 |
120 | 120,583 | ||||||
|
Dell
International LLC/EMC Corp. |
65 | 43,082 | ||||||
|
3.45%, 12/15/51 (Call 06/15/51)(a) |
75 | 45,800 | ||||||
|
8.10%, 07/15/36 (Call 01/15/36) |
69 | 77,353 | ||||||
|
8.35%, 07/15/46 (Call 01/15/46) |
48 | 54,694 | ||||||
|
Hewlett
Packard Enterprise Co. |
58 | 59,572 | ||||||
|
6.35%, 10/15/45 (Call 04/15/45) |
130 | 127,865 | ||||||
|
HP Inc., 6.00%, 09/15/41(c) |
97 | 94,762 | ||||||
|
International Business Machines Corp. 4.00%, 06/20/42 |
165 | 134,742 | ||||||
|
4.15%, 05/15/39 |
100 | 84,765 | ||||||
|
4.25%, 05/15/49 |
110 | 90,837 | ||||||
|
4.70%, 02/19/46 |
230 | 200,503 | ||||||
|
5.60%, 11/30/39 |
135 | 135,216 | ||||||
|
Kyndryl Holdings Inc., 4.10%, 10/15/41 (Call 04/15/41) |
5 | 3,354 | ||||||
|
Seagate HDD Cayman, 5.75%, 12/01/34 (Call 06/01/34) |
35 | 31,210 | ||||||
|
|
|
|||||||
| 3,348,188 | ||||||||
| Cosmetics & Personal Care — 0.1% | ||||||||
|
Avon Products Inc., 8.45%, 03/15/43 |
15 | 15,112 | ||||||
| Security | Par (000) |
Value | ||||||
| Cosmetics & Personal Care (continued) | ||||||||
|
Colgate-Palmolive
Co. |
$ | 35 | $ | 30,751 | ||||
|
4.00%, 08/15/45 |
65 | 59,451 | ||||||
|
Estee
Lauder Companies Inc. (The) |
56 | 40,823 | ||||||
|
4.15%, 03/15/47 (Call 09/15/46) |
15 | 13,080 | ||||||
|
4.38%, 06/15/45 (Call 12/15/44) |
20 | 17,949 | ||||||
|
6.00%, 05/15/37 |
35 | 37,767 | ||||||
|
Procter &
Gamble Co. (The) |
55 | 47,180 | ||||||
|
3.60%, 03/25/50 |
55 | 46,440 | ||||||
|
5.55%, 03/05/37 |
75 | 81,754 | ||||||
|
|
|
|||||||
| 390,307 | ||||||||
| Distribution & Wholesale — 0.0% | ||||||||
|
WW
Grainger Inc. |
30 | 23,890 | ||||||
|
4.20%, 05/15/47 (Call 11/15/46) |
30 | 25,793 | ||||||
|
4.60%, 06/15/45 (Call 12/15/44) |
55 | 50,521 | ||||||
|
|
|
|||||||
| 100,204 | ||||||||
| Diversified Financial Services — 0.8% | ||||||||
|
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.85%, 10/29/41 (Call 04/29/41) |
150 | 109,263 | ||||||
|
American Express Co., 4.05%, 12/03/42 |
132 | 116,581 | ||||||
|
Blackstone Holdings Finance Co. LLC 2.80%, 09/30/50 (Call 03/30/50)(a) |
25 | 14,725 | ||||||
|
2.85%, 08/05/51 (Call 02/05/51)(a) |
45 | 26,577 | ||||||
|
3.20%, 01/30/52 (Call 07/30/51)(a) |
15 | 9,645 | ||||||
|
3.50%, 09/10/49 (Call 03/10/49)(a) |
115 | 78,887 | ||||||
|
4.00%, 10/02/47 (Call 04/02/47)(a)(c) |
60 | 45,849 | ||||||
|
4.45%, 07/15/45(a) |
55 | 44,977 | ||||||
|
5.00%, 06/15/44(a) |
40 | 35,060 | ||||||
|
Brookfield
Finance Inc. |
5 | 3,408 | ||||||
|
4.70%, 09/20/47 (Call 03/20/47) |
98 | 83,338 | ||||||
|
Brookfield Finance LLC, 3.45%, 04/15/50 (Call 10/15/49) |
55 | 37,002 | ||||||
|
CI Financial Corp., 4.10%, 06/15/51 (Call 12/15/50) |
65 | 39,019 | ||||||
|
CME Group Inc., 5.30%, 09/15/43 (Call 03/15/43) |
122 | 124,522 | ||||||
|
Intercontinental
Exchange Inc. |
157 | 106,757 | ||||||
|
3.00%, 09/15/60 (Call 03/15/60) |
95 | 60,099 | ||||||
|
4.25%, 09/21/48 (Call 03/21/48) |
130 | 112,046 | ||||||
|
4.95%, 06/15/52 (Call 12/15/51) |
135 | 127,640 | ||||||
|
5.20%, 06/15/62 (Call 01/15/62) |
35 | 34,439 | ||||||
|
Invesco Finance PLC, 5.38%, 11/30/43 |
45 | 42,765 | ||||||
|
Jefferies Financial Group Inc., 6.25%, 01/15/36 |
100 | 103,596 | ||||||
|
KKR
Group Finance Co. II LLC, 5.50%, 02/01/43 |
75 | 69,724 | ||||||
|
Legg Mason Inc., 5.63%, 01/15/44 |
45 | 44,579 | ||||||
|
Mastercard
Inc. |
20 | 14,317 | ||||||
|
3.65%, 06/01/49 (Call 12/01/48) |
55 | 45,015 | ||||||
|
3.80%, 11/21/46 (Call 05/21/46) |
50 | 41,595 | ||||||
|
3.85%, 03/26/50 (Call 09/26/49) |
100 | 83,891 | ||||||
|
3.95%, 02/26/48 (Call 08/26/47) |
50 | 43,067 | ||||||
|
Nasdaq
Inc. |
5 | 3,247 | ||||||
|
3.25%, 04/28/50 (Call 10/28/49) |
100 | 67,799 | ||||||
|
Navient Corp., 5.63%, 08/01/33 |
45 | 34,029 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Diversified Financial Services (continued) | ||||||||
|
Neuberger
Berman Group LLC/Neuberger |
$ | 105 | $ | 86,921 | ||||
|
Raymond
James Financial Inc. |
25 | 18,720 | ||||||
|
4.95%, 07/15/46 |
75 | 68,427 | ||||||
|
Rocket
Mortgage LLC/Rocket Mortgage |
60 | 44,399 | ||||||
|
Visa
Inc. |
95 | 56,014 | ||||||
|
2.70%, 04/15/40 (Call 10/15/39) |
137 | 102,650 | ||||||
|
3.65%, 09/15/47 (Call 03/15/47) |
60 | 49,631 | ||||||
|
4.15%, 12/14/35 (Call 06/14/35) |
170 | 159,846 | ||||||
|
4.30%, 12/14/45 (Call 06/14/45) |
232 | 209,573 | ||||||
|
Western Union Co. (The), 6.20%, 11/17/36 |
66 | 65,098 | ||||||
|
|
|
|||||||
| 2,664,737 | ||||||||
| Electric — 5.8% | ||||||||
|
Abu Dhabi National Energy Co. PJSC, 4.00%, 10/03/49(f) |
200 | 167,772 | ||||||
|
Adani Transmission Ltd., 4.25%, 05/21/36(f) |
169 | 118,079 | ||||||
|
AEP
Texas Inc. |
10 | 7,426 | ||||||
|
5.25%, 05/15/52 (Call 11/15/51) |
10 | 9,495 | ||||||
|
Series H, 3.45%, 01/15/50 (Call 07/15/49) |
5 | 3,581 | ||||||
|
AEP
Transmission Co. LLC |
5 | 3,496 | ||||||
|
3.75%, 12/01/47 (Call 06/01/47) |
35 | 27,733 | ||||||
|
3.80%, 06/15/49 (Call 12/15/48) |
65 | 51,685 | ||||||
|
4.00%, 12/01/46 (Call 06/01/46) |
15 | 12,105 | ||||||
|
4.50%, 06/15/52 (Call 12/15/51) |
30 | 26,643 | ||||||
|
Series M, 3.65%, 04/01/50 (Call 10/01/49) |
100 | 77,028 | ||||||
|
Alabama
Power Co. |
25 | 16,518 | ||||||
|
3.13%, 07/15/51 (Call 01/15/51) |
40 | 27,156 | ||||||
|
3.45%, 10/01/49 (Call 04/01/49) |
65 | 47,384 | ||||||
|
4.15%, 08/15/44 (Call 02/15/44) |
50 | 41,505 | ||||||
|
6.00%, 03/01/39 |
110 | 114,599 | ||||||
|
Series A, 4.30%, 07/15/48 (Call 01/15/48) |
47 | 39,405 | ||||||
|
Series B, 3.70%, 12/01/47 (Call 06/01/47) |
75 | 57,613 | ||||||
|
Ameren
Illinois Co. |
30 | 19,906 | ||||||
|
3.25%, 03/15/50 (Call 09/15/49) |
5 | 3,619 | ||||||
|
3.70%, 12/01/47 (Call 06/01/47) |
40 | 31,690 | ||||||
|
4.15%, 03/15/46 (Call 09/15/45) |
40 | 33,054 | ||||||
|
4.50%, 03/15/49 (Call 09/15/48) |
25 | 22,597 | ||||||
|
5.90%, 12/01/52 (Call 06/01/52) |
25 | 27,100 | ||||||
|
American
Electric Power Co. Inc., |
55 | 36,947 | ||||||
|
American
Transmission Systems Inc., |
5 | 4,594 | ||||||
|
Appalachian
Power Co. |
5 | 4,179 | ||||||
|
7.00%, 04/01/38 |
51 | 57,121 | ||||||
|
Series Y, 4.50%, 03/01/49 (Call 09/01/48) |
40 | 33,428 | ||||||
|
Arizona
Public Service Co. |
25 | 16,994 | ||||||
|
3.50%, 12/01/49 (Call 06/01/49) |
30 | 20,784 | ||||||
|
3.75%, 05/15/46 (Call 11/15/45) |
75 | 55,122 | ||||||
|
4.20%, 08/15/48 (Call 02/15/48) |
30 | 23,520 | ||||||
|
4.35%, 11/15/45 (Call 05/15/45) |
25 | 20,049 | ||||||
|
4.50%, 04/01/42 (Call 10/01/41) |
16 | 13,438 | ||||||
|
5.05%, 09/01/41 (Call 03/01/41) |
30 | 27,189 | ||||||
| Security | Par (000) |
Value | ||||||
| Electric (continued) | ||||||||
|
Avista Corp., 4.35%, 06/01/48 (Call 12/01/47) |
$ | 80 | $ | 68,390 | ||||
|
Baltimore
Gas & Electric Co. |
5 | 3,337 | ||||||
|
3.20%, 09/15/49 (Call 03/15/49) |
25 | 17,758 | ||||||
|
3.50%, 08/15/46 (Call 02/15/46) |
25 | 18,819 | ||||||
|
3.75%, 08/15/47 (Call 02/15/47) |
45 | 35,203 | ||||||
|
4.25%, 09/15/48 (Call 03/15/48) |
10 | 8,420 | ||||||
|
4.55%, 06/01/52 (Call 12/01/51) |
30 | 26,557 | ||||||
|
Basin
Electric Power Cooperative, 4.75%, 04/26/47 |
30 | 25,076 | ||||||
|
Berkshire
Hathaway Energy Co. |
30 | 19,503 | ||||||
|
3.80%, 07/15/48 (Call 01/15/48) |
80 | 61,748 | ||||||
|
4.25%, 10/15/50 (Call 04/15/50) |
60 | 49,724 | ||||||
|
4.45%, 01/15/49 (Call 07/15/48) |
68 | 58,598 | ||||||
|
4.50%, 02/01/45 (Call 08/01/44) |
123 | 106,920 | ||||||
|
4.60%, 05/01/53 (Call 11/01/52) |
20 | 17,546 | ||||||
|
5.15%, 11/15/43 (Call 05/15/43) |
35 | 33,156 | ||||||
|
6.13%, 04/01/36 |
81 | 86,111 | ||||||
|
Black
Hills Corp. |
5 | 3,651 | ||||||
|
4.20%, 09/15/46 (Call 03/15/46) |
30 | 22,961 | ||||||
|
CenterPoint
Energy Houston Electric LLC |
55 | 43,793 | ||||||
|
3.95%, 03/01/48 (Call 09/01/47) |
30 | 24,745 | ||||||
|
4.50%, 04/01/44 (Call 10/01/43) |
160 | 142,746 | ||||||
|
Series AC, 4.25%, 02/01/49 (Call 08/01/48) |
40 | 34,819 | ||||||
|
Series AD, 2.90%, 07/01/50 (Call 01/01/50) |
15 | 10,149 | ||||||
|
CenterPoint
Energy Inc., 3.70%, 09/01/49 |
10 | 7,565 | ||||||
|
Cleco
Corporate Holdings LLC, 4.97%, 05/01/46 |
40 | 33,695 | ||||||
|
Cleveland Electric Illuminating Co. (The), 5.95%, 12/15/36 |
83 | 83,222 | ||||||
|
CMS Energy Corp., 4.88%, 03/01/44 (Call 09/01/43) |
35 | 31,426 | ||||||
|
Comision
Federal de Electricidad, 4.68%, 02/09/51 |
200 | 133,212 | ||||||
|
Commonwealth
Edison Co. |
50 | 34,214 | ||||||
|
3.65%, 06/15/46 (Call 12/15/45) |
55 | 42,039 | ||||||
|
3.70%, 03/01/45 (Call 09/01/44) |
15 | 11,667 | ||||||
|
4.00%, 03/01/49 (Call 09/01/48) |
40 | 32,393 | ||||||
|
4.35%, 11/15/45 (Call 05/15/45) |
60 | 51,312 | ||||||
|
4.70%, 01/15/44 (Call 07/15/43) |
45 | 41,044 | ||||||
|
6.45%, 01/15/38 |
30 | 33,474 | ||||||
|
Series 123, 3.75%, 08/15/47 (Call 02/15/47) |
40 | 31,156 | ||||||
|
Series 127, 3.20%, 11/15/49 (Call 05/15/49) |
250 | 175,905 | ||||||
|
Series 133, 3.85%, 03/15/52 (Call 09/15/51) |
35 | 27,650 | ||||||
|
Connecticut
Light & Power Co. (The) |
15 | 12,546 | ||||||
|
4.30%, 04/15/44 (Call 10/15/43) |
25 | 21,568 | ||||||
|
5.25%, 01/15/53 (Call 07/15/52) |
50 | 49,919 | ||||||
|
Series A, 4.15%, 06/01/45 (Call 12/01/44) |
15 | 12,613 | ||||||
|
Consolidated
Edison Co. of New York Inc. |
50 | 35,968 | ||||||
|
3.70%, 11/15/59 (Call 05/15/59) |
20 | 14,406 | ||||||
|
3.85%, 06/15/46 (Call 12/15/45) |
50 | 38,899 | ||||||
|
3.95%, 03/01/43 (Call 09/01/42) |
140 | 113,292 | ||||||
|
4.45%, 03/15/44 (Call 09/15/43) |
70 | 59,686 | ||||||
|
4.50%, 12/01/45 (Call 06/01/45) |
155 | 132,618 | ||||||
|
4.50%, 05/15/58 (Call 11/15/57) |
45 | 37,386 | ||||||
|
4.63%, 12/01/54 (Call 06/01/54) |
55 | 46,892 | ||||||
| 48 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Electric (continued) | ||||||||
|
6.15%, 11/15/52 (Call 05/15/52) |
$ | 30 | $ | 32,095 | ||||
|
Series 06-A, 5.85%, 03/15/36 |
100 | 102,303 | ||||||
|
Series 08-B, 6.75%, 04/01/38 |
35 | 38,824 | ||||||
|
Series 2017, 3.88%, 06/15/47 (Call 12/15/46) |
90 | 69,828 | ||||||
|
Series C, 4.00%, 11/15/57 (Call 05/15/57) |
55 | 42,273 | ||||||
|
Series C, 4.30%, 12/01/56 (Call 06/01/56) |
35 | 28,333 | ||||||
|
Series E, 4.65%, 12/01/48 (Call 06/01/48) |
55 | 48,213 | ||||||
|
Constellation
Energy Generation LLC |
50 | 48,024 | ||||||
|
6.25%, 10/01/39 |
53 | 54,559 | ||||||
|
Consumers
Energy Co. |
81 | 56,413 | ||||||
|
3.50%, 08/01/51 (Call 02/01/51) |
25 | 18,908 | ||||||
|
4.05%, 05/15/48 (Call 11/15/47) |
65 | 54,181 | ||||||
|
4.20%, 09/01/52 (Call 03/01/52) |
35 | 29,687 | ||||||
|
4.35%, 04/15/49 (Call 10/15/48) |
60 | 52,566 | ||||||
|
Dayton
Power & Light Co. (The), 3.95%, 06/15/49 |
35 | 27,516 | ||||||
|
Dominion
Energy Inc. |
15 | 12,881 | ||||||
|
7.00%, 06/15/38 |
35 | 38,395 | ||||||
|
Series A, 4.60%, 03/15/49 (Call 09/15/48) |
40 | 34,025 | ||||||
|
Series B, 5.95%, 06/15/35 |
30 | 30,836 | ||||||
|
Series C, 4.05%, 09/15/42 (Call 03/15/42) |
45 | 34,866 | ||||||
|
Series C, 4.90%, 08/01/41 (Call 02/01/41) |
50 | 44,093 | ||||||
|
Dominion
Energy South Carolina Inc. |
60 | 53,455 | ||||||
|
5.10%, 06/01/65 (Call 12/01/64) |
35 | 33,735 | ||||||
|
5.45%, 02/01/41 (Call 08/01/40) |
25 | 24,684 | ||||||
|
6.05%, 01/15/38 |
66 | 70,596 | ||||||
|
DTE
Electric Co. |
30 | 20,479 | ||||||
|
3.70%, 03/15/45 (Call 09/15/44) |
55 | 43,771 | ||||||
|
3.70%, 06/01/46 (Call 12/01/45) |
5 | 3,854 | ||||||
|
3.75%, 08/15/47 (Call 02/15/47) |
135 | 105,889 | ||||||
|
4.30%, 07/01/44 (Call 01/01/44) |
30 | 25,966 | ||||||
|
5.40%, 04/01/53 (Call 10/01/52) |
20 | 20,145 | ||||||
|
Series A, 4.00%, 04/01/43 (Call 10/01/42) |
25 | 20,969 | ||||||
|
Series A, 4.05%, 05/15/48 (Call 11/15/47) |
40 | 33,203 | ||||||
|
Series B, 3.65%, 03/01/52 (Call 09/01/51) |
10 | 7,705 | ||||||
|
Duke
Energy Carolinas LLC |
35 | 26,120 | ||||||
|
3.70%, 12/01/47 (Call 06/01/47) |
40 | 30,572 | ||||||
|
3.75%, 06/01/45 (Call 12/01/44) |
75 | 58,525 | ||||||
|
3.88%, 03/15/46 (Call 09/15/45) |
80 | 62,574 | ||||||
|
3.95%, 03/15/48 (Call 09/15/47) |
45 | 36,034 | ||||||
|
4.25%, 12/15/41 (Call 06/15/41) |
40 | 34,453 | ||||||
|
5.30%, 02/15/40 |
25 | 24,485 | ||||||
|
5.35%, 01/15/53 (Call 07/15/52) |
50 | 49,400 | ||||||
|
6.00%, 01/15/38 |
30 | 31,676 | ||||||
|
6.05%, 04/15/38 |
35 | 37,131 | ||||||
|
Duke
Energy Corp. |
15 | 10,491 | ||||||
|
3.75%, 09/01/46 (Call 03/01/46) |
100 | 73,526 | ||||||
|
3.95%, 08/15/47 (Call 02/15/47) |
75 | 56,724 | ||||||
|
4.20%, 06/15/49 (Call 12/15/48) |
40 | 31,591 | ||||||
|
4.80%, 12/15/45 (Call 06/15/45) |
45 | 39,515 | ||||||
|
5.00%, 08/15/52 (Call 02/15/52) |
70 | 62,153 | ||||||
|
Duke
Energy Florida LLC |
45 | 30,392 | ||||||
| Security | Par (000) |
Value | ||||||
| Electric (continued) | ||||||||
|
3.40%, 10/01/46 (Call 04/01/46) |
$ | 50 | $ | 35,794 | ||||
|
3.85%, 11/15/42 (Call 05/15/42) |
50 | 40,213 | ||||||
|
5.65%, 04/01/40 |
30 | 30,221 | ||||||
|
5.95%, 11/15/52 (Call 05/15/52) |
25 | 26,666 | ||||||
|
6.35%, 09/15/37 |
25 | 26,942 | ||||||
|
6.40%, 06/15/38 |
10 | 11,056 | ||||||
|
Duke
Energy Indiana LLC |
25 | 15,675 | ||||||
|
3.75%, 05/15/46 (Call 11/15/45) |
40 | 30,577 | ||||||
|
6.12%, 10/15/35 |
35 | 36,443 | ||||||
|
6.35%, 08/15/38 |
35 | 38,220 | ||||||
|
6.45%, 04/01/39 |
30 | 32,312 | ||||||
|
Series YYY, 3.25%, 10/01/49 (Call 04/01/49) |
120 | 84,578 | ||||||
|
Duke Energy Ohio Inc., 4.30%, 02/01/49 (Call 08/01/48) |
5 | 4,077 | ||||||
|
Duke
Energy Progress LLC |
50 | 32,677 | ||||||
|
3.60%, 09/15/47 (Call 03/15/47) |
140 | 105,399 | ||||||
|
3.70%, 10/15/46 (Call 04/15/46) |
125 | 94,482 | ||||||
|
4.10%, 05/15/42 (Call 11/15/41) |
50 | 41,763 | ||||||
|
4.10%, 03/15/43 (Call 09/15/42) |
50 | 41,696 | ||||||
|
4.15%, 12/01/44 (Call 06/01/44) |
40 | 33,203 | ||||||
|
4.20%, 08/15/45 (Call 02/15/45) |
130 | 108,205 | ||||||
|
4.38%, 03/30/44 (Call 09/30/43) |
30 | 25,689 | ||||||
|
6.30%, 04/01/38 |
50 | 53,687 | ||||||
|
E.ON International Finance BV, 6.65%, 04/30/38(a) |
55 | 58,617 | ||||||
|
El
Paso Electric Co. |
10 | 9,069 | ||||||
|
6.00%, 05/15/35 |
26 | 25,955 | ||||||
|
Electricite
de France SA |
95 | 84,470 | ||||||
|
4.88%, 01/22/44(a) |
90 | 76,573 | ||||||
|
4.95%, 10/13/45 (Call 04/13/45)(a) |
145 | 121,155 | ||||||
|
5.00%, 09/21/48 (Call 03/21/48)(a) |
90 | 76,137 | ||||||
|
5.25%, 10/13/55 (Call 04/13/55)(a) |
25 | 20,821 | ||||||
|
5.60%, 01/27/40(a) |
35 | 32,805 | ||||||
|
6.00%, 01/22/2114(a) |
65 | 59,555 | ||||||
|
6.95%, 01/26/39(a) |
110 | 117,292 | ||||||
|
Emera U.S. Finance LP, 4.75%, 06/15/46 (Call 12/15/45) |
75 | 58,834 | ||||||
|
Enel Finance America LLC, 2.88%, 07/12/41 (Call 01/12/41)(a) . |
200 | 125,006 | ||||||
|
Enel
Finance International NV |
85 | 69,838 | ||||||
|
6.80%, 09/15/37(a) |
170 | 173,254 | ||||||
|
Entergy
Arkansas LLC |
35 | 21,771 | ||||||
|
3.35%, 06/15/52 (Call 12/15/51) |
10 | 7,070 | ||||||
|
4.20%, 04/01/49 (Call 10/01/48) |
40 | 33,298 | ||||||
|
Entergy Corp., 3.75%, 06/15/50 (Call 12/15/49) |
15 | 10,977 | ||||||
|
Entergy
Louisiana LLC |
35 | 22,817 | ||||||
|
3.10%, 06/15/41 (Call 12/15/40) |
50 | 37,448 | ||||||
|
4.20%, 09/01/48 (Call 03/01/48) |
130 | 109,321 | ||||||
|
4.20%, 04/01/50 (Call 10/01/49) |
75 | 61,927 | ||||||
|
4.95%, 01/15/45 (Call 01/15/25) |
90 | 83,890 | ||||||
|
Entergy Mississippi LLC, 3.85%, 06/01/49 (Call 12/01/48) |
24 | 18,455 | ||||||
|
Entergy
Texas Inc. |
50 | 36,206 | ||||||
|
4.50%, 03/30/39 (Call 09/30/38) |
35 | 30,864 | ||||||
|
5.00%, 09/15/52 (Call 03/15/52) |
10 | 9,389 | ||||||
|
Evergy
Kansas Central Inc. |
25 | 17,622 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
| Electric (continued) | ||||||||
|
3.45%, 04/15/50 (Call 10/15/49) |
$ | 10 | $ | 7,319 | ||||
|
4.10%, 04/01/43 (Call 10/01/42) |
140 | 116,859 | ||||||
|
4.13%, 03/01/42 (Call 09/01/41) |
56 | 46,762 | ||||||
|
4.25%, 12/01/45 (Call 06/01/45) |
5 | 4,136 | ||||||
|
Evergy Metro Inc. |
||||||||
|
4.20%, 06/15/47 (Call 12/15/46) |
55 | 45,239 | ||||||
|
5.30%, 10/01/41 (Call 04/01/41) |
40 | 38,858 | ||||||
|
Eversource Energy, 3.45%, 01/15/50 (Call 07/15/49) |
35 | 25,185 | ||||||
|
Exelon Corp. |
||||||||
|
4.10%, 03/15/52 (Call 09/15/51) |
35 | 27,779 | ||||||
|
4.45%, 04/15/46 (Call 10/15/45) |
50 | 41,593 | ||||||
|
4.70%, 04/15/50 (Call 10/15/49) |
60 | 52,117 | ||||||
|
5.10%, 06/15/45 (Call 12/15/44) |
65 | 59,781 | ||||||
|
5.60%, 03/15/53 (Call 09/15/52) |
50 | 48,864 | ||||||
|
5.63%, 06/15/35 |
55 | 55,327 | ||||||
|
Exelon Generation Co. LLC, 5.75%, 10/01/41 (Call 04/01/41) |
10 | 9,689 | ||||||
|
FirstEnergy Corp. |
||||||||
|
Series C, 3.40%, 03/01/50 (Call 09/01/49) |
60 | 40,510 | ||||||
|
Series C, 5.10%, 07/15/47 (Call 01/15/47) |
50 | 44,495 | ||||||
|
FirstEnergy Transmission LLC |
||||||||
|
4.55%, 04/01/49 (Call 10/01/48)(a) |
75 | 61,642 | ||||||
|
5.45%, 07/15/44 (Call 01/15/44)(a) |
45 | 42,292 | ||||||
|
Florida Power & Light Co. |
||||||||
|
2.88%, 12/04/51 (Call 06/04/51) |
80 | 53,346 | ||||||
|
3.70%, 12/01/47 (Call 06/01/47) |
40 | 31,536 | ||||||
|
3.95%, 03/01/48 (Call 09/01/47) |
105 | 85,949 | ||||||
|
3.99%, 03/01/49 (Call 09/01/48) |
30 | 24,794 | ||||||
|
4.05%, 06/01/42 (Call 12/01/41) |
60 | 50,968 | ||||||
|
4.05%, 10/01/44 (Call 04/01/44) |
35 | 29,392 | ||||||
|
4.13%, 02/01/42 (Call 08/01/41) |
95 | 80,632 | ||||||
|
4.13%, 06/01/48 (Call 12/01/47) |
45 | 37,938 | ||||||
|
5.25%, 02/01/41 (Call 08/01/40) |
60 | 59,395 | ||||||
|
5.30%, 04/01/53 (Call 10/01/52) |
35 | 34,826 | ||||||
|
5.65%, 02/01/37 |
50 | 51,227 | ||||||
|
5.69%, 03/01/40 |
45 | 46,908 | ||||||
|
5.95%, 02/01/38 |
30 | 31,611 | ||||||
|
5.96%, 04/01/39 |
25 | 26,644 | ||||||
|
Georgia Power Co. |
||||||||
|
4.30%, 03/15/42 |
110 | 92,576 | ||||||
|
5.13%, 05/15/52 (Call 11/15/51) |
25 | 23,353 | ||||||
|
Series 10-C, 4.75%, 09/01/40 |
50 | 44,817 | ||||||
|
Series A, 3.25%, 03/15/51 (Call 09/15/50) |
10 | 6,768 | ||||||
|
Series B, 3.70%, 01/30/50 (Call 07/30/49) |
105 | 77,620 | ||||||
|
Great River Energy |
||||||||
|
6.25%, 07/01/38(a) |
82 | 85,065 | ||||||
|
7.23%, 07/01/38 |
8 | 8,974 | ||||||
|
Iberdrola International BV, 6.75%, 07/15/36 |
60 | 65,365 | ||||||
|
Idaho Power Co., Series K, 4.20%, 03/01/48 (Call 09/01/47) |
5 | 4,171 | ||||||
|
Indiana Michigan Power Co. |
||||||||
|
4.25%, 08/15/48 (Call 02/15/48) |
10 | 8,217 | ||||||
|
Series K, 4.55%, 03/15/46 (Call 09/15/45) |
71 | 60,600 | ||||||
|
Indianapolis
Power & Light Co., 4.05%, 05/01/46 |
41 | 33,319 | ||||||
|
Infraestructura
Energetica Nova SAB de CV, 4.75%, 01/15/51 |
200 | 150,432 | ||||||
|
Interstate Power & Light Co. |
||||||||
|
3.10%, 11/30/51 (Call 05/30/51) |
40 | 26,526 | ||||||
|
6.25%, 07/15/39 |
40 | 41,779 | ||||||
|
ITC Holdings Corp., 5.30%, 07/01/43 (Call 01/01/43) |
30 | 28,151 | ||||||
| Security |
Par (000) |
Value | ||||||
| Electric (continued) | ||||||||
|
John
Sevier Combined Cycle Generation LLC, |
$ | 8 | $ | 7,839 | ||||
|
Kentucky Utilities Co. |
||||||||
|
3.30%, 06/01/50 (Call 12/01/49) |
35 | 24,775 | ||||||
|
4.38%, 10/01/45 (Call 04/01/45) |
100 | 84,317 | ||||||
|
5.13%, 11/01/40 (Call 05/01/40) |
100 | 95,713 | ||||||
|
Massachusetts Electric Co. |
||||||||
|
4.00%, 08/15/46 (Call 02/15/46)(a) |
5 | 3,683 | ||||||
|
5.90%, 11/15/39(a) |
30 | 30,476 | ||||||
|
MidAmerican Energy Co. |
||||||||
|
3.15%, 04/15/50 (Call 10/15/49) |
5 | 3,572 | ||||||
|
3.65%, 08/01/48 (Call 02/01/48) |
65 | 50,524 | ||||||
|
3.95%, 08/01/47 (Call 02/01/47) |
110 | 91,117 | ||||||
|
4.25%, 05/01/46 (Call 11/01/45) |
5 | 4,218 | ||||||
|
4.25%, 07/15/49 (Call 01/15/49) |
90 | 77,732 | ||||||
|
4.80%, 09/15/43 (Call 03/15/43) |
25 | 23,211 | ||||||
|
5.75%, 11/01/35 |
25 | 25,984 | ||||||
|
5.80%, 10/15/36 |
25 | 26,260 | ||||||
|
Minejesa Capital BV, 5.63%, 08/10/37(f) |
200 | 160,228 | ||||||
|
Mississippi
Power Co., Series B, |
50 | 32,666 | ||||||
|
Monongahela
Power Co., 5.40%, 12/15/43 |
30 | 29,222 | ||||||
|
National Grid USA, 5.80%, 04/01/35 |
50 | 48,512 | ||||||
|
National Rural Utilities Cooperative Finance Corp. |
||||||||
|
4.30%, 03/15/49 (Call 09/15/48) |
35 | 29,730 | ||||||
|
4.40%, 11/01/48 (Call 05/01/48) |
30 | 25,555 | ||||||
|
Nevada Power Co., Series R, 6.75%, 07/01/37 |
40 | 44,502 | ||||||
|
New England Power Co. |
||||||||
|
2.81%, 10/06/50 (Call 04/06/50)(a) |
10 | 6,382 | ||||||
|
3.80%, 12/05/47 (Call 06/05/47)(a) |
94 | 72,435 | ||||||
|
NextEra Energy Capital Holdings Inc. |
||||||||
|
3.00%, 01/15/52 (Call 07/15/51) |
30 | 19,622 | ||||||
|
5.25%, 02/28/53 (Call 08/28/52) |
50 | 47,368 | ||||||
|
Niagara Mohawk Power Corp. |
||||||||
|
3.03%, 06/27/50 (Call 12/27/49)(a) |
45 | 29,612 | ||||||
|
4.12%, 11/28/42(a) |
25 | 19,722 | ||||||
|
5.78%, 09/16/52 (Call 03/16/52)(a) |
15 | 15,219 | ||||||
|
Northern States Power Co./MN |
||||||||
|
2.90%, 03/01/50 (Call 09/01/49) |
15 | 10,185 | ||||||
|
3.40%, 08/15/42 (Call 02/15/42) |
41 | 32,162 | ||||||
|
3.60%, 05/15/46 (Call 11/15/45) |
70 | 53,822 | ||||||
|
4.00%, 08/15/45 (Call 02/15/45) |
15 | 12,381 | ||||||
|
4.13%, 05/15/44 (Call 11/15/43) |
240 | 204,454 | ||||||
|
4.50%, 06/01/52 (Call 12/01/51) |
10 | 9,015 | ||||||
|
5.35%, 11/01/39 |
30 | 30,114 | ||||||
|
NorthWestern Corp., 4.18%, 11/15/44 (Call 05/15/44) |
25 | 20,730 | ||||||
|
NSTAR Electric Co. |
||||||||
|
4.40%, 03/01/44 (Call 09/01/43) |
45 | 39,336 | ||||||
|
4.55%, 06/01/52 (Call 12/01/51) |
5 | 4,515 | ||||||
|
4.95%, 09/15/52 (Call 03/15/52) |
15 | 14,320 | ||||||
|
5.50%, 03/15/40 |
10 | 10,131 | ||||||
|
Oglethorpe Power Corp. |
||||||||
|
4.50%, 04/01/47 (Call 10/01/46)(a) |
20 | 16,315 | ||||||
|
5.38%, 11/01/40 |
150 | 138,388 | ||||||
|
5.95%, 11/01/39 |
47 | 46,760 | ||||||
|
Ohio Edison Co., 6.88%, 07/15/36 |
35 | 38,307 | ||||||
|
Ohio Power Co. |
||||||||
|
4.00%, 06/01/49 (Call 12/01/48) |
180 | 144,261 | ||||||
|
4.15%, 04/01/48 (Call 10/01/47) |
60 | 49,744 | ||||||
| 50 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Electric (continued) |
||||||||
|
Oklahoma Gas & Electric Co. |
||||||||
|
3.85%, 08/15/47 (Call 02/15/47) |
$ | 15 | $ | 11,433 | ||||
|
4.15%, 04/01/47 (Call 10/01/46) |
35 | 27,993 | ||||||
|
Oncor Electric Delivery Co. LLC |
||||||||
|
3.10%, 09/15/49 (Call 03/15/49) |
100 | 70,220 | ||||||
|
3.70%, 05/15/50 (Call 11/15/49) |
25 | 19,716 | ||||||
|
3.75%, 04/01/45 (Call 10/01/44) |
90 | 72,662 | ||||||
|
3.80%, 09/30/47 (Call 03/30/47) |
50 | 40,560 | ||||||
|
3.80%, 06/01/49 (Call 12/01/48) |
40 | 32,248 | ||||||
|
4.55%, 12/01/41 (Call 06/01/41) |
50 | 45,862 | ||||||
|
4.60%, 06/01/52 (Call 12/01/51) |
30 | 27,236 | ||||||
|
5.30%, 06/01/42 (Call 12/01/41) |
40 | 40,130 | ||||||
|
7.50%, 09/01/38 |
35 | 42,440 | ||||||
|
Pacific Gas and Electric Co. |
||||||||
|
3.30%, 08/01/40 (Call 02/01/40) |
30 | 20,312 | ||||||
|
3.50%, 08/01/50 (Call 02/01/50) |
110 | 69,252 | ||||||
|
3.75%, 08/15/42 (Call 02/15/42) |
45 | 31,142 | ||||||
|
4.00%, 12/01/46 (Call 06/01/46) |
5 | 3,411 | ||||||
|
4.20%, 06/01/41 (Call 12/01/40) |
25 | 18,847 | ||||||
|
4.25%, 03/15/46 (Call 09/15/45) |
5 | 3,545 | ||||||
|
4.30%, 03/15/45 (Call 09/15/44) |
35 | 25,340 | ||||||
|
4.50%, 07/01/40 (Call 01/01/40) |
105 | 82,215 | ||||||
|
4.75%, 02/15/44 (Call 08/15/43) |
55 | 43,069 | ||||||
|
4.95%, 07/01/50 (Call 01/01/50) |
165 | 130,353 | ||||||
|
5.25%, 03/01/52 (Call 09/01/51) |
50 | 41,172 | ||||||
|
6.75%, 01/15/53 (Call 07/15/52) |
250 | 248,592 | ||||||
|
PacifiCorp. |
||||||||
|
3.30%, 03/15/51 (Call 09/15/50) |
80 | 57,065 | ||||||
|
4.10%, 02/01/42 (Call 08/01/41) |
40 | 34,048 | ||||||
|
4.13%, 01/15/49 (Call 07/15/48) |
50 | 41,384 | ||||||
|
5.35%, 12/01/53 (Call 06/01/53) |
80 | 78,930 | ||||||
|
5.75%, 04/01/37 |
75 | 76,727 | ||||||
|
6.00%, 01/15/39 |
80 | 83,329 | ||||||
|
6.10%, 08/01/36 |
35 | 36,763 | ||||||
|
6.25%, 10/15/37 |
110 | 118,405 | ||||||
|
6.35%, 07/15/38 |
25 | 27,221 | ||||||
|
PECO Energy Co. |
||||||||
|
3.00%, 09/15/49 (Call 03/15/49) |
40 | 27,443 | ||||||
|
3.70%, 09/15/47 (Call 03/15/47) |
85 | 66,784 | ||||||
|
4.15%, 10/01/44 (Call 04/01/44) |
20 | 16,820 | ||||||
|
4.60%, 05/15/52 (Call 11/15/51) |
10 | 9,039 | ||||||
|
5.95%, 10/01/36 |
110 | 114,810 | ||||||
|
Perusahaan Listrik Negara PT, 4.88%, 07/17/49(f) |
200 | 161,920 | ||||||
|
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 6.15%, 05/21/48(f) |
200 | 192,150 | ||||||
|
PG&E Wildfire Recovery Funding LLC, Series A-5, 5.10%, 06/01/54 |
425 | 432,221 | ||||||
|
Potomac Electric Power Co. |
||||||||
|
4.15%, 03/15/43 (Call 09/15/42) |
60 | 51,448 | ||||||
|
6.50%, 11/15/37 |
45 | 49,600 | ||||||
|
PPL Electric Utilities Corp. |
||||||||
|
4.13%, 06/15/44 (Call 12/15/43) |
40 | 33,614 | ||||||
|
4.75%, 07/15/43 (Call 01/15/43) |
50 | 45,754 | ||||||
|
5.25%, 05/15/53 (Call 11/15/52) |
50 | 49,318 | ||||||
|
6.25%, 05/15/39 |
10 | 10,816 | ||||||
|
Progress Energy Inc., 6.00%, 12/01/39 |
25 | 25,147 | ||||||
|
Public Service Co. of Colorado |
||||||||
|
3.60%, 09/15/42 (Call 03/15/42) |
25 | 19,819 | ||||||
|
4.05%, 09/15/49 (Call 03/15/49) |
30 | 24,505 | ||||||
|
4.10%, 06/15/48 (Call 12/15/47) |
30 | 24,982 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Electric (continued) |
||||||||
|
4.30%, 03/15/44 (Call 09/15/43) |
$ | 25 | $ | 21,734 | ||||
|
4.50%, 06/01/52 (Call 12/01/51) |
10 | 8,923 | ||||||
|
6.50%, 08/01/38 |
30 | 33,175 | ||||||
|
Series 17, 6.25%, 09/01/37 |
51 | 55,645 | ||||||
|
Series 34, 3.20%, 03/01/50 (Call 09/01/49) |
30 | 21,545 | ||||||
|
Public Service Co. of New Hampshire |
||||||||
|
3.60%, 07/01/49 (Call 01/01/49) |
35 | 27,117 | ||||||
|
5.15%, 01/15/53 (Call 07/15/52) |
35 | 34,574 | ||||||
|
Public Service Electric & Gas Co. |
||||||||
|
2.70%, 05/01/50 (Call 11/01/49) |
25 | 16,456 | ||||||
|
3.20%, 08/01/49 (Call 02/01/49) |
35 | 25,532 | ||||||
|
3.60%, 12/01/47 (Call 06/01/47) |
50 | 38,750 | ||||||
|
3.80%, 03/01/46 (Call 09/01/45) |
60 | 47,848 | ||||||
|
3.85%, 05/01/49 (Call 11/01/48) |
40 | 32,538 | ||||||
|
3.95%, 05/01/42 (Call 11/01/41) |
75 | 62,821 | ||||||
|
5.80%, 05/01/37 |
30 | 31,208 | ||||||
|
Puget Sound Energy Inc. |
||||||||
|
3.25%, 09/15/49 (Call 03/15/49) |
25 | 17,689 | ||||||
|
4.22%, 06/15/48 (Call 12/15/47) |
53 | 44,433 | ||||||
|
4.30%, 05/20/45 (Call 11/20/44) |
30 | 24,612 | ||||||
|
5.64%, 04/15/41 (Call 10/15/40) |
36 | 36,220 | ||||||
|
5.76%, 10/01/39 |
35 | 35,203 | ||||||
|
6.27%, 03/15/37 |
45 | 47,418 | ||||||
|
San Diego Gas & Electric Co. |
||||||||
|
3.70%, 03/15/52 (Call 09/15/51) |
25 | 19,365 | ||||||
|
4.15%, 05/15/48 (Call 11/15/47) |
65 | 54,470 | ||||||
|
4.50%, 08/15/40 |
65 | 58,542 | ||||||
|
6.00%, 06/01/39 |
30 | 31,251 | ||||||
|
Series RRR, 3.75%, 06/01/47 (Call 12/01/46) |
15 | 11,640 | ||||||
|
Series UUU, 3.32%, 04/15/50 (Call 10/15/49) |
25 | 17,841 | ||||||
|
Series WWW, 2.95%, 08/15/51 (Call 02/15/51) |
10 | 6,632 | ||||||
|
Saudi Electricity Global Sukuk Co. 2, 5.06%, 04/08/43(f) |
200 | 195,756 | ||||||
|
Sempra Energy |
||||||||
|
3.80%, 02/01/38 (Call 08/01/37) |
60 | 49,291 | ||||||
|
4.00%, 02/01/48 (Call 08/01/47) |
66 | 51,162 | ||||||
|
Southern California Edison Co. |
||||||||
|
3.65%, 02/01/50 (Call 08/01/49) |
85 | 62,551 | ||||||
|
4.00%, 04/01/47 (Call 10/01/46) |
70 | 54,799 | ||||||
|
4.05%, 03/15/42 (Call 09/15/41) |
81 | 65,272 | ||||||
|
4.50%, 09/01/40 (Call 03/01/40) |
10 | 8,584 | ||||||
|
6.05%, 03/15/39 |
60 | 61,646 | ||||||
|
Series 05-E, 5.35%, 07/15/35 |
60 | 58,868 | ||||||
|
Series 06-E, 5.55%, 01/15/37 |
25 | 24,588 | ||||||
|
Series 08-A, 5.95%, 02/01/38 |
71 | 72,820 | ||||||
|
Series 13-A, 3.90%, 03/15/43 (Call 09/15/42) |
215 | 168,351 | ||||||
|
Series 20A, 2.95%, 02/01/51 (Call 08/01/50) |
25 | 16,060 | ||||||
|
Series B, 4.88%, 03/01/49 (Call 09/01/48) |
55 | 48,989 | ||||||
|
Series C, 3.60%, 02/01/45 (Call 08/01/44) |
70 | 50,751 | ||||||
|
Series C, 4.13%, 03/01/48 (Call 09/01/47) |
10 | 7,954 | ||||||
|
Series E, 5.45%, 06/01/52 (Call 12/01/51) |
10 | 9,681 | ||||||
|
Series H, 3.65%, 06/01/51 (Call 12/01/50) |
30 | 22,165 | ||||||
|
Southern Co. (The) |
||||||||
|
4.25%, 07/01/36 (Call 01/01/36) |
65 | 56,531 | ||||||
|
4.40%, 07/01/46 (Call 01/01/46) |
100 | 82,013 | ||||||
|
Southern Power Co. |
||||||||
|
5.15%, 09/15/41 |
55 | 50,025 | ||||||
|
Series F, 4.95%, 12/15/46 (Call 06/15/46) |
5 | 4,298 | ||||||
|
Southwestern Electric Power Co. |
||||||||
|
3.25%, 11/01/51 (Call 05/01/51) |
30 | 20,079 | ||||||
|
6.20%, 03/15/40 |
30 | 30,857 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Electric (continued) |
||||||||
|
Series J, 3.90%, 04/01/45 (Call 10/01/44) |
$ | 180 | $ | 137,950 | ||||
|
Series L, 3.85%, 02/01/48 (Call 08/01/47) |
10 | 7,502 | ||||||
|
Southwestern Public Service Co. |
||||||||
|
3.40%, 08/15/46 (Call 02/15/46) |
70 | 50,239 | ||||||
|
3.70%, 08/15/47 (Call 02/15/47) |
35 | 26,533 | ||||||
|
3.75%, 06/15/49 (Call 12/15/48) |
15 | 11,425 | ||||||
|
Series 8, 3.15%, 05/01/50 (Call 11/01/49) |
60 | 41,852 | ||||||
|
State Grid Overseas Investment 2014 Ltd., 4.85%, 05/07/44(f) |
200 | 198,494 | ||||||
|
Tampa Electric Co. |
||||||||
|
3.45%, 03/15/51 (Call 09/15/50) |
5 | 3,578 | ||||||
|
3.63%, 06/15/50 (Call 12/15/49) |
50 | 36,994 | ||||||
|
4.30%, 06/15/48 (Call 12/15/47) |
43 | 35,569 | ||||||
|
4.35%, 05/15/44 (Call 11/15/43) |
29 | 24,317 | ||||||
|
4.45%, 06/15/49 (Call 12/15/48) |
5 | 4,180 | ||||||
|
Toledo Edison Co. (The), 6.15%, 05/15/37 |
26 | 27,145 | ||||||
|
TransAlta Corp., 6.50%, 03/15/40 |
20 | 18,398 | ||||||
|
Tri-State Generation & Transmission Association Inc., 6.00%, 06/15/40(a) |
25 | 23,344 | ||||||
|
Tucson Electric Power Co. |
||||||||
|
3.25%, 05/01/51 (Call 11/01/50) |
20 | 13,449 | ||||||
|
4.00%, 06/15/50 (Call 12/15/49) |
45 | 34,986 | ||||||
|
4.85%, 12/01/48 (Call 06/01/48) |
50 | 43,894 | ||||||
|
5.50%, 04/15/53 (Call 10/15/52) |
20 | 19,749 | ||||||
|
Union Electric Co. |
||||||||
|
3.25%, 10/01/49 (Call 04/01/49) |
30 | 21,247 | ||||||
|
3.65%, 04/15/45 (Call 10/15/44) |
15 | 11,483 | ||||||
|
3.90%, 09/15/42 (Call 03/15/42) |
50 | 40,848 | ||||||
|
4.00%, 04/01/48 (Call 10/01/47) |
60 | 48,228 | ||||||
|
5.30%, 08/01/37 |
35 | 34,174 | ||||||
|
5.45%, 03/15/53 (Call 09/15/52) |
50 | 50,043 | ||||||
|
8.45%, 03/15/39 |
26 | 33,574 | ||||||
|
Virginia Electric & Power Co. |
||||||||
|
2.45%, 12/15/50 (Call 06/15/50) |
30 | 17,800 | ||||||
|
2.95%, 11/15/51 (Call 05/15/51) |
50 | 32,898 | ||||||
|
4.00%, 01/15/43 (Call 07/15/42) |
70 | 57,487 | ||||||
|
4.45%, 02/15/44 (Call 08/15/43) |
165 | 141,837 | ||||||
|
4.60%, 12/01/48 (Call 06/01/48) |
5 | 4,334 | ||||||
|
8.88%, 11/15/38 |
30 | 40,230 | ||||||
|
Series B, 3.80%, 09/15/47 (Call 03/15/47) |
100 | 77,481 | ||||||
|
Series B, 4.20%, 05/15/45 (Call 11/15/44) |
100 | 81,613 | ||||||
|
Series B, 6.00%, 01/15/36 |
50 | 52,203 | ||||||
|
Series C, 4.00%, 11/15/46 (Call 05/15/46) |
80 | 62,983 | ||||||
|
Series C, 4.63%, 05/15/52 (Call 11/15/51) |
20 | 17,574 | ||||||
|
Wisconsin Electric Power Co. |
||||||||
|
4.30%, 10/15/48 (Call 04/15/48) |
20 | 17,004 | ||||||
|
5.70%, 12/01/36 |
30 | 30,459 | ||||||
|
Wisconsin Power and Light Co., 6.38%, 08/15/37 |
120 | 127,817 | ||||||
|
Wisconsin Public Service Corp. |
||||||||
|
2.85%, 12/01/51 (Call 06/01/51) |
25 | 16,493 | ||||||
|
3.30%, 09/01/49 (Call 03/01/49) |
35 | 25,442 | ||||||
|
3.67%, 12/01/42 |
20 | 15,387 | ||||||
|
4.75%, 11/01/44 (Call 05/01/44) |
40 | 35,660 | ||||||
|
Xcel Energy Inc. |
||||||||
|
3.50%, 12/01/49 (Call 06/01/49) |
25 | 18,134 | ||||||
|
6.50%, 07/01/36 |
35 | 37,693 | ||||||
|
|
|
|||||||
| 19,464,985 | ||||||||
| Electrical Components & Equipment — 0.0% | ||||||||
|
Emerson Electric Co. |
||||||||
|
2.75%, 10/15/50 (Call 04/15/50) |
90 | 57,895 | ||||||
|
2.80%, 12/21/51 (Call 06/21/51) |
65 | 41,694 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Electrical Components & Equipment (continued) |
||||||||
|
5.25%, 11/15/39 |
$ | 15 | $ | 15,016 | ||||
|
|
|
|||||||
| 114,605 | ||||||||
| Electronics — 0.1% | ||||||||
|
Fortive Corp., 4.30%, 06/15/46 (Call 12/15/45) |
50 | 39,220 | ||||||
|
Honeywell International Inc. |
||||||||
|
2.80%, 06/01/50 (Call 12/01/49) |
75 | 54,061 | ||||||
|
3.81%, 11/21/47 (Call 05/21/47) |
25 | 20,866 | ||||||
|
5.38%, 03/01/41 |
25 | 25,796 | ||||||
|
5.70%, 03/15/36 |
25 | 26,429 | ||||||
|
5.70%, 03/15/37 |
66 | 69,494 | ||||||
|
|
|
|||||||
| 235,866 | ||||||||
| Energy - Alternate Sources — 0.0% | ||||||||
|
Topaz Solar Farms LLC, 5.75%, 09/30/39(a) |
48 | 44,900 | ||||||
|
|
|
|||||||
| Engineering & Construction — 0.1% | ||||||||
|
Aeropuerto Internacional de Tocumen SA, 4.00%, 08/11/41 (Call 08/11/40)(f) |
200 | 162,298 | ||||||
|
Bioceanico
Sovereign Certificate Ltd., |
137 | 94,169 | ||||||
|
Cellnex Finance Co. SA, 3.88%, 07/07/41 (Call 04/07/41)(a) |
40 | 28,896 | ||||||
|
Mexico City Airport Trust, 5.50%, 10/31/46 (Call 04/30/46)(f) |
200 | 149,468 | ||||||
|
|
|
|||||||
| 434,831 | ||||||||
| Entertainment — 0.2% | ||||||||
|
Magallanes Inc. |
||||||||
|
5.05%, 03/15/42 (Call 09/15/41)(a) |
280 | 226,654 | ||||||
|
5.14%, 03/15/52 (Call 09/15/51)(a) |
315 | 247,536 | ||||||
|
5.39%, 03/15/62 (Call 09/15/61)(a) |
170 | 132,223 | ||||||
|
|
|
|||||||
| 606,413 | ||||||||
| Environmental Control — 0.1% | ||||||||
|
Republic Services Inc. |
||||||||
|
3.05%, 03/01/50 (Call 09/01/49) |
65 | 45,464 | ||||||
|
6.20%, 03/01/40 |
25 | 26,762 | ||||||
|
Waste Connections Inc., 2.95%, 01/15/52 (Call 07/15/51) |
120 | 78,845 | ||||||
|
Waste Management Inc. |
||||||||
|
2.95%, 06/01/41 (Call 12/01/40) |
60 | 44,282 | ||||||
|
4.15%, 07/15/49 (Call 01/15/49) |
45 | 39,276 | ||||||
|
|
|
|||||||
| 234,629 | ||||||||
| Food — 1.0% | ||||||||
|
Campbell Soup Co. |
||||||||
|
3.13%, 04/24/50 (Call 10/24/49) |
35 | 23,628 | ||||||
|
4.80%, 03/15/48 (Call 09/15/47) |
50 | 44,517 | ||||||
|
Conagra Brands Inc. |
||||||||
|
5.30%, 11/01/38 (Call 05/01/38) |
73 | 67,953 | ||||||
|
5.40%, 11/01/48 (Call 05/01/48) |
70 | 63,781 | ||||||
|
General Mills Inc. |
||||||||
|
3.00%, 02/01/51 (Call 08/01/50) |
90 | 63,256 | ||||||
|
4.70%, 04/17/48 (Call 10/17/47) |
5 | 4,604 | ||||||
|
Grupo Bimbo SAB de CV, 4.70%, 11/10/47 (Call 05/10/47)(f) |
200 | 172,976 | ||||||
|
Hershey Co. (The) |
||||||||
|
2.65%, 06/01/50 (Call 12/01/49) |
20 | 13,438 | ||||||
|
3.13%, 11/15/49 (Call 05/15/49) |
51 | 37,866 | ||||||
|
3.38%, 08/15/46 (Call 02/15/46) |
5 | 3,760 | ||||||
|
Hormel Foods Corp., 3.05%, 06/03/51 (Call 12/03/50) |
60 | 41,769 | ||||||
|
Ingredion Inc., 3.90%, 06/01/50 (Call 12/01/49) |
15 | 11,116 | ||||||
|
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc. |
||||||||
|
4.38%, 02/02/52 (Call 08/02/51)(a) |
95 | 67,945 | ||||||
|
6.50%, 12/01/52 (Call 06/01/52)(a) |
105 | 99,600 | ||||||
|
JM Smucker Co. (The) |
||||||||
|
4.25%, 03/15/35 |
84 | 75,737 | ||||||
|
4.38%, 03/15/45 |
36 | 30,565 | ||||||
| 52 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Food (continued) |
||||||||
|
Kellogg Co., 4.50%, 04/01/46 |
$ | 45 | $ | 39,091 | ||||
|
Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40 |
47 | 47,108 | ||||||
|
Kraft Heinz Foods Co. |
||||||||
|
4.38%, 06/01/46 (Call 12/01/45) |
105 | 85,885 | ||||||
|
4.63%, 10/01/39 (Call 04/01/39) |
26 | 22,807 | ||||||
|
4.88%, 10/01/49 (Call 04/01/49) |
95 | 83,339 | ||||||
|
5.00%, 07/15/35 (Call 01/15/35) |
80 | 76,761 | ||||||
|
5.00%, 06/04/42 |
140 | 127,242 | ||||||
|
5.20%, 07/15/45 (Call 01/15/45) |
145 | 133,949 | ||||||
|
5.50%, 06/01/50 (Call 12/01/49) |
90 | 86,065 | ||||||
|
6.50%, 02/09/40 |
30 | 31,627 | ||||||
|
6.88%, 01/26/39 |
55 | 59,952 | ||||||
|
7.13%, 08/01/39(a) |
55 | 60,611 | ||||||
|
Kroger Co. (The) |
||||||||
|
3.88%, 10/15/46 (Call 04/15/46) |
30 | 22,822 | ||||||
|
3.95%, 01/15/50 (Call 07/15/49) |
70 | 54,160 | ||||||
|
4.45%, 02/01/47 (Call 08/01/46) |
35 | 29,254 | ||||||
|
4.65%, 01/15/48 (Call 07/15/47) |
55 | 47,215 | ||||||
|
5.00%, 04/15/42 (Call 10/15/41) |
15 | 13,566 | ||||||
|
5.15%, 08/01/43 (Call 02/01/43) |
30 | 27,552 | ||||||
|
5.40%, 07/15/40 (Call 01/15/40) |
15 | 14,298 | ||||||
|
5.40%, 01/15/49 (Call 07/15/48) |
25 | 23,770 | ||||||
|
6.90%, 04/15/38 |
36 | 39,029 | ||||||
|
Mars Inc. |
||||||||
|
3.88%, 04/01/39 (Call 10/01/38)(a) |
90 | 76,370 | ||||||
|
3.95%, 04/01/44 (Call 10/01/43)(a) |
45 | 37,054 | ||||||
|
3.95%, 04/01/49 (Call 10/01/48)(a) |
125 | 103,530 | ||||||
|
4.13%, 04/01/54 (Call 10/01/53)(a) |
48 | 39,853 | ||||||
|
4.20%, 04/01/59 (Call 10/01/58)(a) |
40 | 32,564 | ||||||
|
McCormick & Co. Inc./MD, 4.20%, 08/15/47 (Call 02/15/47) |
76 | 62,501 | ||||||
|
Mondelez International Inc., 2.63%, 09/04/50 (Call 03/04/50) |
75 | 47,359 | ||||||
|
Nestle
Holdings Inc., 3.90%, 09/24/38 |
380 | 335,741 | ||||||
|
Sysco Corp. |
||||||||
|
3.15%, 12/14/51 (Call 06/14/51) |
5 | 3,278 | ||||||
|
4.45%, 03/15/48 (Call 09/15/47) |
40 | 33,059 | ||||||
|
4.50%, 04/01/46 (Call 10/01/45) |
15 | 12,513 | ||||||
|
4.85%, 10/01/45 (Call 04/01/45) |
53 | 46,263 | ||||||
|
6.60%, 04/01/50 (Call 10/01/49) |
154 | 168,973 | ||||||
|
Tesco PLC, 6.15%, 11/15/37(a) |
100 | 97,638 | ||||||
|
Tyson Foods Inc. |
||||||||
|
4.55%, 06/02/47 (Call 12/02/46) |
55 | 45,941 | ||||||
|
5.10%, 09/28/48 (Call 03/28/48) |
110 | 99,260 | ||||||
|
5.15%, 08/15/44 (Call 02/15/44) |
40 | 36,383 | ||||||
|
|
|
|||||||
| 3,226,894 | ||||||||
| Forest Products & Paper — 0.1% | ||||||||
|
Celulosa Arauco y Constitucion SA, 5.50%, 04/30/49 (Call 10/30/48)(f) |
200 | 171,990 | ||||||
|
International Paper Co. |
||||||||
|
4.35%, 08/15/48 (Call 02/15/48) |
42 | 35,249 | ||||||
|
4.40%, 08/15/47 (Call 02/15/47) |
49 | 41,644 | ||||||
|
4.80%, 06/15/44 (Call 12/15/43) |
48 | 42,722 | ||||||
|
5.00%, 09/15/35 (Call 03/15/35) |
25 | 23,677 | ||||||
|
6.00%, 11/15/41 (Call 05/15/41) |
45 | 45,493 | ||||||
|
|
|
|||||||
| 360,775 | ||||||||
| Gas — 0.5% | ||||||||
|
APA Infrastructure Ltd., 5.00%, 03/23/35 (Call 12/23/34)(a) |
10 | 9,234 | ||||||
|
Atmos Energy Corp. |
||||||||
|
3.38%, 09/15/49 (Call 03/15/49) |
35 | 25,853 | ||||||
|
4.13%, 10/15/44 (Call 04/15/44) |
40 | 33,611 | ||||||
| Security |
Par (000) |
Value | ||||||
| Gas (continued) | ||||||||
|
4.13%, 03/15/49 (Call 09/15/48) |
$ | 65 | $ | 54,188 | ||||
|
4.15%, 01/15/43 (Call 07/15/42) |
30 | 25,682 | ||||||
|
4.30%, 10/01/48 (Call 04/01/48) |
90 | 77,428 | ||||||
|
5.50%, 06/15/41 (Call 12/15/40) |
40 | 39,828 | ||||||
|
5.75%, 10/15/52 (Call 04/15/52) |
10 | 10,483 | ||||||
|
Boston Gas Co., 4.49%, 02/15/42(a) |
30 | 25,093 | ||||||
|
Brooklyn Union Gas Co. (The) |
||||||||
|
4.27%, 03/15/48 (Call 09/15/47)(a) |
53 | 40,631 | ||||||
|
4.49%, 03/04/49 (Call 09/04/48)(a) |
25 | 19,715 | ||||||
|
4.50%, 03/10/46 (Call 09/10/45)(a) |
50 | 39,636 | ||||||
|
CenterPoint Energy Resources Corp. |
||||||||
|
4.10%, 09/01/47 (Call 03/01/47) |
61 | 49,897 | ||||||
|
5.85%, 01/15/41 (Call 07/15/40) |
10 | 10,228 | ||||||
|
Centrica PLC, 5.38%, 10/16/43 (Call 04/16/43)(a) |
205 | 184,438 | ||||||
|
East Ohio Gas Co. (The), 3.00%, 06/15/50 (Call 12/15/49)(a) |
25 | 16,031 | ||||||
|
KeySpan Gas East Corp., 5.82%, 04/01/41(a) |
60 | 58,253 | ||||||
|
Nakilat Inc., 6.07%, 12/31/33(a) |
89 | 92,990 | ||||||
|
NiSource Inc. |
||||||||
|
3.95%, 03/30/48 (Call 09/30/47) |
5 | 3,908 | ||||||
|
4.38%, 05/15/47 (Call 11/15/46) |
95 | 79,445 | ||||||
|
4.80%, 02/15/44 (Call 08/15/43) |
125 | 111,272 | ||||||
|
5.00%, 06/15/52 (Call 12/15/51) |
10 | 9,136 | ||||||
|
5.25%, 02/15/43 (Call 08/15/42) |
5 | 4,780 | ||||||
|
5.65%, 02/01/45 (Call 08/01/44) |
65 | 63,836 | ||||||
|
ONE Gas Inc. |
||||||||
|
4.50%, 11/01/48 (Call 05/01/48) |
10 | 8,531 | ||||||
|
4.66%, 02/01/44 (Call 08/01/43) |
110 | 98,335 | ||||||
|
Piedmont Natural Gas Co. Inc. |
||||||||
|
3.35%, 06/01/50 (Call 12/01/49) |
25 | 17,009 | ||||||
|
3.64%, 11/01/46 (Call 05/01/46) |
35 | 24,924 | ||||||
|
5.05%, 05/15/52 (Call 11/15/51) |
20 | 18,252 | ||||||
|
Southern California Gas Co. |
||||||||
|
3.75%, 09/15/42 (Call 03/15/42) |
80 | 62,603 | ||||||
|
5.13%, 11/15/40 |
5 | 4,683 | ||||||
|
6.35%, 11/15/52 (Call 05/15/52) |
50 | 54,714 | ||||||
|
Series WW, 3.95%, 02/15/50 (Call 08/15/49) |
35 | 26,831 | ||||||
|
Southern Co. Gas Capital Corp. |
||||||||
|
3.95%, 10/01/46 (Call 04/01/46) |
10 | 7,486 | ||||||
|
4.40%, 06/01/43 (Call 12/01/42) |
34 | 27,822 | ||||||
|
4.40%, 05/30/47 (Call 11/30/46) |
120 | 97,174 | ||||||
|
5.88%, 03/15/41 (Call 09/15/40) |
51 | 51,537 | ||||||
|
Southwest Gas Corp. |
||||||||
|
3.18%, 08/15/51 (Call 02/15/51) |
30 | 19,204 | ||||||
|
3.80%, 09/29/46 (Call 03/29/46) |
20 | 14,383 | ||||||
|
Washington Gas Light Co. |
||||||||
|
3.65%, 09/15/49 (Call 03/15/49) |
22 | 16,470 | ||||||
|
Series K, 3.80%, 09/15/46 (Call 03/15/46) |
115 | 88,206 | ||||||
|
|
|
|||||||
| 1,723,760 | ||||||||
| Hand & Machine Tools — 0.1% | ||||||||
|
Snap-on Inc. |
||||||||
|
3.10%, 05/01/50 (Call 11/01/49) |
20 | 14,692 | ||||||
|
4.10%, 03/01/48 (Call 09/01/47) |
40 | 34,462 | ||||||
|
Stanley Black & Decker Inc. |
||||||||
|
2.75%, 11/15/50 (Call 05/15/50) |
41 | 24,594 | ||||||
|
4.85%, 11/15/48 (Call 05/15/48) |
50 | 43,019 | ||||||
|
5.20%, 09/01/40 |
40 | 37,470 | ||||||
|
|
|
|||||||
| 154,237 | ||||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Health Care - Products — 0.5% |
||||||||
|
Abbott Laboratories |
||||||||
|
4.75%, 11/30/36 (Call 05/30/36) |
$ | 159 | $ | 158,075 | ||||
|
4.75%, 04/15/43 (Call 10/15/42) |
40 | 38,612 | ||||||
|
4.90%, 11/30/46 (Call 05/30/46) |
195 | 191,792 | ||||||
|
5.30%, 05/27/40 |
40 | 41,202 | ||||||
|
6.00%, 04/01/39 |
15 | 16,622 | ||||||
|
6.15%, 11/30/37 |
58 | 64,676 | ||||||
|
Baxter International Inc. |
||||||||
|
3.13%, 12/01/51 (Call 06/01/51) |
75 | 45,474 | ||||||
|
3.50%, 08/15/46 (Call 02/15/46) |
100 | 69,407 | ||||||
|
Boston Scientific Corp. |
||||||||
|
4.70%, 03/01/49 (Call 09/01/48) |
39 | 35,323 | ||||||
|
6.75%, 11/15/35 |
15 | 16,478 | ||||||
|
7.38%, 01/15/40 |
55 | 64,491 | ||||||
|
Danaher Corp. |
||||||||
|
2.60%, 10/01/50 (Call 04/01/50) |
50 | 31,873 | ||||||
|
2.80%, 12/10/51 (Call 06/10/51) |
15 | 9,910 | ||||||
|
4.38%, 09/15/45 (Call 03/15/45) |
20 | 17,669 | ||||||
|
DH Europe Finance II Sarl |
||||||||
|
3.25%, 11/15/39 (Call 05/15/39) |
95 | 75,743 | ||||||
|
3.40%, 11/15/49 (Call 05/15/49) |
162 | 122,347 | ||||||
|
GE Healthcare Holding LLC, 6.38%, 11/22/52 |
||||||||
|
(Call 05/22/52)(a) |
100 | 107,964 | ||||||
|
Koninklijke Philips NV |
||||||||
|
5.00%, 03/15/42 |
45 | 40,847 | ||||||
|
6.88%, 03/11/38 |
30 | 33,079 | ||||||
|
Medtronic Inc. |
||||||||
|
4.38%, 03/15/35 |
160 | 151,517 | ||||||
|
4.63%, 03/15/45 |
100 | 93,324 | ||||||
|
Stryker Corp. |
||||||||
|
2.90%, 06/15/50 (Call 12/15/49) |
25 | 16,849 | ||||||
|
4.10%, 04/01/43 (Call 10/01/42) |
70 | 58,310 | ||||||
|
4.38%, 05/15/44 (Call 11/15/43) |
35 | 29,916 | ||||||
|
4.63%, 03/15/46 (Call 09/15/45) |
65 | 57,626 | ||||||
|
Thermo Fisher Scientific Inc. |
||||||||
|
4.10%, 08/15/47 (Call 02/15/47) |
81 | 70,813 | ||||||
|
5.30%, 02/01/44 (Call 08/01/43) |
60 | 60,634 | ||||||
|
Zimmer Biomet Holdings Inc., 4.45%, 08/15/45 (Call 02/15/45) |
50 | 40,836 | ||||||
|
|
|
|||||||
| 1,761,409 | ||||||||
| Health Care - Services — 2.3% | ||||||||
|
AdventHealth Obligated Group, Series E, 2.80%, 11/15/51 (Call 05/15/51) |
30 | 20,001 | ||||||
|
Adventist Health System/West, 3.63%, 03/01/49 (Call 09/01/48) |
35 | 25,384 | ||||||
|
Advocate Health & Hospitals Corp. |
||||||||
|
3.39%, 10/15/49 (Call 04/15/49) |
32 | 23,576 | ||||||
|
4.27%, 08/15/48 (Call 02/15/48) |
31 | 26,885 | ||||||
|
Series 2020, 3.01%, 06/15/50 (Call 12/15/49) |
25 | 17,160 | ||||||
|
Aetna Inc. |
||||||||
|
3.88%, 08/15/47 (Call 02/15/47) |
30 | 22,551 | ||||||
|
4.13%, 11/15/42 (Call 05/15/42) |
60 | 48,953 | ||||||
|
4.50%, 05/15/42 (Call 11/15/41) |
25 | 21,589 | ||||||
|
4.75%, 03/15/44 (Call 09/15/43) |
45 | 39,384 | ||||||
|
6.63%, 06/15/36 |
71 | 76,364 | ||||||
|
6.75%, 12/15/37 |
45 | 47,978 | ||||||
|
AHS Hospital Corp. |
||||||||
|
5.02%, 07/01/45 |
30 | 29,395 | ||||||
|
Series 2021, 2.78%, 07/01/51 (Call 01/01/51) |
50 | 32,278 | ||||||
|
Allina Health System |
||||||||
|
2.90%, 11/15/51 (Call 05/15/51) |
5 | 3,271 | ||||||
| Security | Par (000) |
Value | ||||||
|
Health Care - Services (continued) |
||||||||
|
Series 2019, 3.89%, 04/15/49 |
$ | 45 | $ | 36,579 | ||||
|
Anthem Inc., 4.55%, 05/15/52 (Call 11/15/51) |
20 | 17,365 | ||||||
|
Ascension Health |
||||||||
|
3.95%, 11/15/46 |
90 | 76,104 | ||||||
|
4.85%, 11/15/53 |
77 | 75,791 | ||||||
|
Series B, 3.11%, 11/15/39 (Call 05/15/39) |
15 | 11,705 | ||||||
|
Banner Health |
||||||||
|
2.91%, 01/01/42 (Call 07/01/41) |
25 | 18,471 | ||||||
|
2.91%, 01/01/51 (Call 07/01/50) |
40 | 26,815 | ||||||
|
Series 2020, 3.18%, 01/01/50 (Call 07/01/49) |
35 | 25,076 | ||||||
|
Baptist Health South Florida Obligated Group, Series 2021, 3.12%, 11/15/71 (Call 05/15/71) |
5 | 3,059 | ||||||
|
Baptist Healthcare System Obligated Group, Series 20B, 3.54%, 08/15/50 (Call 02/15/50) |
55 | 40,157 | ||||||
|
BayCare Health System Inc., Series 2020, 3.83%, 11/15/50 (Call 05/15/50) |
50 | 40,828 | ||||||
|
Baylor Scott & White Holdings |
||||||||
|
4.19%, 11/15/45 (Call 05/15/45) |
70 | 60,762 | ||||||
|
Series 2021, 2.84%, 11/15/50 (Call 11/15/49) |
100 | 67,528 | ||||||
|
BHSH System Obligated Group, Series 19A, 3.49%, 07/15/49 (Call 01/15/49) |
35 | 26,414 | ||||||
|
Bon Secours Mercy Health Inc., Series 20-2, 3.21%, 06/01/50 (Call 12/01/49) |
10 | 6,990 | ||||||
|
Catholic Health Services of Long Island Obligated Group, Series 2020, 3.37%, 07/01/50 (Call 01/01/50) |
10 | 7,081 | ||||||
|
Children’s Health System of Texas, 2.51%, 08/15/50 (Call 02/15/50) |
60 | 37,222 | ||||||
|
Children’s Hospital Corp. (The) |
||||||||
|
Series 2017, 4.12%, 01/01/47 (Call 07/01/46) |
30 | 26,157 | ||||||
|
Series 2020, 2.59%, 02/01/50 (Call 08/01/49) |
80 | 51,119 | ||||||
|
Children’s Hospital Medical Center/Cincinnati OH, 4.27%, 05/15/44 |
25 | 22,389 | ||||||
|
Children’s Hospital/DC, Series 2020, 2.93%, 07/15/50 (Call 01/15/50) |
10 | 6,543 | ||||||
|
City of Hope |
||||||||
|
Series 2013, 5.62%, 11/15/43 |
25 | 24,639 | ||||||
|
Series 2018, 4.38%, 08/15/48 (Call 02/15/48)(c) |
65 | 54,755 | ||||||
|
Cleveland Clinic Foundation (The), 4.86%, 01/01/2114 |
47 | 41,942 | ||||||
|
CommonSpirit Health |
||||||||
|
3.82%, 10/01/49 (Call 04/01/49) |
77 | 58,324 | ||||||
|
3.91%, 10/01/50 (Call 04/01/50) |
35 | 26,649 | ||||||
|
4.19%, 10/01/49 (Call 04/01/49) |
91 | 72,397 | ||||||
|
4.35%, 11/01/42 |
90 | 75,882 | ||||||
|
6.46%, 11/01/52 (Call 05/01/52) |
5 | 5,583 | ||||||
|
Cottage Health Obligated Group, Series 2020, 3.30%, 11/01/49 (Call 05/01/49) |
50 | 36,302 | ||||||
|
Dartmouth-Hitchcock Health, Series B, 4.18%, 08/01/48 (Call 02/01/48) |
50 | 41,295 | ||||||
|
Dignity Health, 4.50%, 11/01/42 |
10 | 8,597 | ||||||
|
Duke University Health System Inc., Series 2017, 3.92%, 06/01/47 (Call 12/01/46) |
45 | 38,036 | ||||||
|
Elevance Health Inc. |
||||||||
|
3.60%, 03/15/51 (Call 09/15/50) |
10 | 7,461 | ||||||
|
3.70%, 09/15/49 (Call 03/15/49) |
75 | 56,518 | ||||||
|
4.38%, 12/01/47 (Call 06/01/47) |
118 | 99,695 | ||||||
|
4.55%, 03/01/48 (Call 09/01/47) |
20 | 17,247 | ||||||
|
4.63%, 05/15/42 |
95 | 85,730 | ||||||
|
4.65%, 01/15/43 |
145 | 129,945 | ||||||
|
4.65%, 08/15/44 (Call 02/15/44) |
80 | 70,333 | ||||||
|
5.10%, 01/15/44 |
141 | 132,326 | ||||||
| 54 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Health Care - Services (continued) |
||||||||
|
5.13%, 02/15/53 (Call 08/15/52) |
$ | 30 | $ | 28,427 | ||||
|
6.10%, 10/15/52 (Call 04/15/52) |
45 | 48,213 | ||||||
|
6.38%, 06/15/37 |
25 | 26,636 | ||||||
|
Hackensack Meridian Health Inc. |
||||||||
|
4.21%, 07/01/48 (Call 01/01/48) |
45 | 38,761 | ||||||
|
4.50%, 07/01/57 (Call 01/01/57) |
55 | 48,975 | ||||||
|
Series 2020, 2.68%, 09/01/41 (Call 03/01/41) |
15 | 10,631 | ||||||
|
Series 2020, 2.88%, 09/01/50 (Call 03/01/50) |
53 | 35,472 | ||||||
|
HCA Inc. |
||||||||
|
3.50%, 07/15/51 (Call 01/15/51) |
120 | 78,266 | ||||||
|
4.63%, 03/15/52 (Call 09/15/51)(a) |
60 | 47,197 | ||||||
|
5.13%, 06/15/39 (Call 12/15/38) |
130 | 115,583 | ||||||
|
5.25%, 06/15/49 (Call 12/15/48) |
170 | 146,775 | ||||||
|
5.50%, 06/15/47 (Call 12/15/46) |
115 | 103,468 | ||||||
|
Health Care Service Corp. A Mutual Legal Reserve Co., 3.20%, 06/01/50 (Call 12/01/49)(a) |
55 | 38,630 | ||||||
|
Hoag Memorial Hospital Presbyterian, 3.80%, 07/15/52 (Call 01/15/52) |
5 | 4,030 | ||||||
|
Humana Inc. |
||||||||
|
3.95%, 08/15/49 (Call 02/15/49) |
30 | 23,509 | ||||||
|
4.63%, 12/01/42 (Call 06/01/42) |
51 | 44,441 | ||||||
|
4.80%, 03/15/47 (Call 09/14/46) |
30 | 26,473 | ||||||
|
4.95%, 10/01/44 (Call 04/01/44) |
25 | 22,423 | ||||||
|
IHC Health Services Inc., 4.13%, 05/15/48 (Call 11/15/47) |
80 | 67,698 | ||||||
|
Indiana University Health Inc. Obligated Group |
||||||||
|
3.97%, 11/01/48 (Call 05/01/48) |
60 | 50,045 | ||||||
|
Series 2021, 2.85%, 11/01/51 (Call 05/01/51) |
35 | 23,524 | ||||||
|
Inova Health System Foundation, 4.07%, 05/15/52 (Call 11/15/51) |
5 | 4,213 | ||||||
|
Integris Baptist Medical Center Inc., Series A, 3.88%, 08/15/50 (Call 02/15/50) |
75 | 55,748 | ||||||
|
Iowa Health System, Series 2020, 3.67%, 02/15/50 (Call 08/15/49) |
40 | 30,024 | ||||||
|
Johns Hopkins Health System Corp. (The), 3.84%, 05/15/46 |
30 | 24,921 | ||||||
|
Kaiser Foundation Hospitals |
||||||||
|
4.15%, 05/01/47 (Call 11/01/46) |
79 | 69,346 | ||||||
|
4.88%, 04/01/42 |
140 | 136,972 | ||||||
|
Series 2019, 3.27%, 11/01/49 (Call 05/12/49) |
90 | 66,801 | ||||||
|
Series 2021, 3.00%, 06/01/51 (Call 12/01/50) |
5 | 3,479 | ||||||
|
Laboratory Corp. of America Holdings, 4.70%, 02/01/45 (Call 08/01/44) |
68 | 58,166 | ||||||
|
Mass General Brigham Inc. |
||||||||
|
Series 2015, 4.12%, 07/01/55 |
40 | 33,443 | ||||||
|
Series 2017, 3.77%, 07/01/48 (Call 01/01/48) |
35 | 28,413 | ||||||
|
Series 2020, 3.19%, 07/01/49 (Call 01/01/49) |
80 | 56,972 | ||||||
|
Series 2020, 3.34%, 07/01/60 (Call 01/01/60) |
45 | 31,483 | ||||||
|
Mayo Clinic |
||||||||
|
3.77%, 11/15/43 |
55 | 46,027 | ||||||
|
Series 2013, 4.00%, 11/15/47 |
50 | 42,110 | ||||||
|
Series 2016, 4.13%, 11/15/52 |
30 | 25,802 | ||||||
|
Series 2021, 3.20%, 11/15/61 (Call 05/15/61) |
15 | 10,156 | ||||||
|
McLaren Health Care Corp., Series A, 4.39%, 05/15/48 (Call 11/15/47) |
75 | 65,420 | ||||||
|
MedStar Health Inc., Series 20A, 3.63%, 08/15/49 |
40 | 29,270 | ||||||
|
Memorial Health Services, 3.45%, 11/01/49 (Call 05/01/49) |
45 | 33,782 | ||||||
|
Memorial Sloan-Kettering Cancer Center |
||||||||
|
4.13%, 07/01/52 |
70 | 60,183 | ||||||
|
5.00%, 07/01/42 |
60 | 59,592 | ||||||
|
Series 2020, 2.96%, 01/01/50 (Call 07/01/49) |
55 | 37,958 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Health Care - Services (continued) |
||||||||
|
Methodist Hospital (The), Series 20A, 2.71%, 12/01/50 (Call 06/01/50) |
$ | 15 | $ | 9,682 | ||||
|
MidMichigan Health, Series 2020, 3.41%, 06/01/50 (Call 12/01/49) |
60 | 42,386 | ||||||
|
Montefiore Obligated Group |
||||||||
|
4.29%, 09/01/50 |
55 | 34,124 | ||||||
|
Series 18-C, 5.25%, 11/01/48 (Call 05/01/48) |
40 | 29,261 | ||||||
|
Mount Sinai Hospitals Group Inc. |
||||||||
|
Series 2017, 3.98%, 07/01/48 |
80 | 64,524 | ||||||
|
Series 2019, 3.74%, 07/01/49 (Call 01/01/49) |
30 | 23,537 | ||||||
|
New York and Presbyterian Hospital (The) |
||||||||
|
2.61%, 08/01/60 (Call 02/01/60) |
10 | 5,862 | ||||||
|
4.02%, 08/01/45 |
80 | 67,987 | ||||||
|
Series 2019, 3.95%, 08/01/2119 (Call 02/01/2119) |
15 | 10,783 | ||||||
|
Northwell Healthcare Inc. |
||||||||
|
3.81%, 11/01/49 (Call 11/01/48) |
55 | 41,601 | ||||||
|
3.98%, 11/01/46 (Call 11/01/45) |
95 | 73,825 | ||||||
|
4.26%, 11/01/47 (Call 11/01/46) |
55 | 45,262 | ||||||
|
Novant Health Inc., 3.17%, 11/01/51 (Call 05/01/51) |
55 | 38,757 | ||||||
|
NYU Langone Hospitals |
||||||||
|
4.37%, 07/01/47 (Call 01/01/47) |
55 | 47,951 | ||||||
|
4.78%, 07/01/44 |
45 | 41,580 | ||||||
|
OhioHealth Corp., Series 2020, 3.04%, 11/15/50 (Call 05/15/50) |
45 | 32,658 | ||||||
|
Orlando Health Obligated Group |
||||||||
|
3.33%, 10/01/50 (Call 04/01/50) |
10 | 7,160 | ||||||
|
4.09%, 10/01/48 (Call 04/01/48) |
55 | 45,495 | ||||||
|
PeaceHealth Obligated Group |
||||||||
|
Series 2018, 4.79%, 11/15/48 (Call 05/15/48) |
25 | 22,567 | ||||||
|
Series 2020, 3.22%, 11/15/50 (Call 05/15/50) |
5 | 3,402 | ||||||
|
Piedmont Healthcare Inc., 2.86%, 01/01/52 (Call 07/01/51) |
15 | 9,751 | ||||||
|
Providence St. Joseph Health Obligated Group |
||||||||
|
Series 21A, 2.70%, 10/01/51 (Call 04/01/51) |
30 | 17,882 | ||||||
|
Series A, 3.93%, 10/01/48 (Call 04/01/48) |
64 | 49,914 | ||||||
|
Series I, 3.74%, 10/01/47 |
5 | 3,870 | ||||||
|
Quest Diagnostics Inc., 4.70%, 03/30/45 (Call 09/30/44) |
30 | 25,859 | ||||||
|
Roche Holdings Inc. |
||||||||
|
2.61%, 12/13/51 (Call 06/13/51)(a) |
200 | 131,468 | ||||||
|
7.00%, 03/01/39(a) |
30 | 35,714 | ||||||
|
RWJ Barnabas Health Inc. |
||||||||
|
3.48%, 07/01/49 (Call 01/01/49) |
30 | 22,843 | ||||||
|
3.95%, 07/01/46 (Call 07/01/45) |
40 | 32,984 | ||||||
|
Seattle Children’s Hospital, Series 2021, 2.72%, 10/01/50 (Call 10/01/49) |
50 | 32,430 | ||||||
|
Sentara Healthcare, 2.93%, 11/01/51 (Call 05/01/51) |
5 | 3,387 | ||||||
|
Sharp HealthCare, Series 20B, 2.68%, 08/01/50 (Call 08/01/49) |
25 | 15,639 | ||||||
|
Stanford Health Care, Series 2018, 3.80%, 11/15/48 (Call 05/15/48) |
113 | 92,445 | ||||||
|
Sutter Health, Series 2018, 4.09%, 08/15/48 (Call 02/15/48) |
81 | 66,840 | ||||||
|
Texas Health Resources |
||||||||
|
2.33%, 11/15/50 (Call 05/15/50) |
10 | 5,882 | ||||||
|
4.33%, 11/15/55 |
40 | 34,587 | ||||||
|
Toledo Hospital (The) |
||||||||
|
5.75%, 11/15/38 (Call 11/15/28) |
60 | 57,814 | ||||||
|
6.02%, 11/15/48(c) |
40 | 25,808 | ||||||
|
Trinity Health Corp. |
||||||||
|
4.13%, 12/01/45 |
55 | 47,561 | ||||||
|
Series 2019, 3.43%, 12/01/48 |
45 | 35,046 | ||||||
|
Series 2021, 2.63%, 12/01/40 (Call 06/01/40) |
15 | 10,636 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Health Care - Services (continued) |
||||||||
|
UnitedHealth Group Inc. |
||||||||
|
2.75%, 05/15/40 (Call 11/15/39) |
$ | 50 | $ | 36,342 | ||||
|
2.90%, 05/15/50 (Call 11/15/49) |
75 | 50,803 | ||||||
|
3.05%, 05/15/41 (Call 11/15/40) |
110 | 82,512 | ||||||
|
3.25%, 05/15/51 (Call 11/15/50) |
110 | 78,684 | ||||||
|
3.70%, 08/15/49 (Call 02/15/49) |
105 | 82,547 | ||||||
|
3.75%, 10/15/47 (Call 04/15/47) |
147 | 117,328 | ||||||
|
3.88%, 08/15/59 (Call 02/15/59) |
60 | 46,921 | ||||||
|
3.95%, 10/15/42 (Call 04/15/42) |
125 | 107,085 | ||||||
|
4.20%, 01/15/47 (Call 07/15/46) |
90 | 77,925 | ||||||
|
4.25%, 03/15/43 (Call 09/15/42) |
58 | 51,027 | ||||||
|
4.25%, 04/15/47 (Call 10/15/46) |
145 | 125,393 | ||||||
|
4.25%, 06/15/48 (Call 12/15/47) |
90 | 77,992 | ||||||
|
4.38%, 03/15/42 (Call 09/15/41) |
115 | 102,923 | ||||||
|
4.45%, 12/15/48 (Call 06/15/48) |
50 | 44,467 | ||||||
|
4.63%, 07/15/35 |
130 | 124,572 | ||||||
|
4.63%, 11/15/41 (Call 05/15/41) |
50 | 46,264 | ||||||
|
4.75%, 07/15/45 |
152 | 142,454 | ||||||
|
4.75%, 05/15/52 (Call 11/15/51) |
150 | 137,683 | ||||||
|
4.95%, 05/15/62 (Call 11/15/61) |
100 | 94,114 | ||||||
|
5.80%, 03/15/36 |
40 | 41,899 | ||||||
|
5.88%, 02/15/53 (Call 08/15/52) |
85 | 91,713 | ||||||
|
5.95%, 02/15/41 (Call 08/15/40) |
35 | 37,142 | ||||||
|
6.05%, 02/15/63 (Call 08/15/62) |
65 | 71,083 | ||||||
|
6.50%, 06/15/37 |
90 | 100,067 | ||||||
|
6.63%, 11/15/37 |
60 | 67,115 | ||||||
|
6.88%, 02/15/38 |
15 | 17,387 | ||||||
|
Willis-Knighton Medical Center |
||||||||
|
Series 2018, 4.81%, 09/01/48 (Call 03/01/48) |
59 | 53,784 | ||||||
|
Series 2021, 3.07%, 03/01/51 (Call 09/01/50) |
40 | 25,842 | ||||||
|
|
|
|||||||
| 7,821,870 | ||||||||
| Holding Companies - Diversified — 0.2% | ||||||||
|
JAB Holdings BV, 3.75%, 05/28/51 (Call 11/28/50)(a) |
5 | 3,205 | ||||||
|
MDGH GMTN RSC Ltd. |
||||||||
|
3.70%, 11/07/49 (Call 05/07/49)(f) |
200 | 158,370 | ||||||
|
3.95%, 05/21/50 (Call 11/21/49)(f) |
200 | 166,380 | ||||||
|
PTT Treasury Center Co. Ltd., 4.50%, 10/25/42 |
200 | 164,924 | ||||||
|
Temasek Financial I Ltd., 2.50%, 10/06/70 (Call 04/06/70)(a) |
250 | 152,347 | ||||||
|
|
|
|||||||
| 645,226 | ||||||||
| Home Builders — 0.0% | ||||||||
|
MDC Holdings Inc. |
||||||||
|
3.97%, 08/06/61 (Call 02/06/61) |
20 | 11,440 | ||||||
|
6.00%, 01/15/43 (Call 10/15/42) |
85 | 71,590 | ||||||
|
PulteGroup Inc., 6.00%, 02/15/35 |
55 | 53,987 | ||||||
|
|
|
|||||||
| 137,017 | ||||||||
| Home Furnishings — 0.0% | ||||||||
|
Leggett & Platt Inc., 3.50%, 11/15/51 (Call 05/15/51) |
25 | 17,694 | ||||||
|
Whirlpool Corp. |
||||||||
|
4.50%, 06/01/46 (Call 12/01/45) |
86 | 67,685 | ||||||
|
4.60%, 05/15/50 (Call 11/15/49) |
20 | 16,204 | ||||||
|
|
|
|||||||
| 101,583 | ||||||||
| Household Products & Wares — 0.1% | ||||||||
|
Church & Dwight Co. Inc. |
||||||||
|
3.95%, 08/01/47 (Call 02/01/47) |
80 | 64,343 | ||||||
|
5.00%, 06/15/52 (Call 12/15/51) |
15 | 14,251 | ||||||
|
Kimberly-Clark Corp. |
||||||||
|
3.20%, 07/30/46 (Call 01/30/46) |
75 | 55,471 | ||||||
|
3.90%, 05/04/47 (Call 11/04/46) |
40 | 33,342 | ||||||
|
5.30%, 03/01/41 |
30 | 30,525 | ||||||
| Security |
Par (000) |
Value | ||||||
| Household Products & Wares (continued) | ||||||||
|
6.63%, 08/01/37 |
$ | 25 | $ | 29,394 | ||||
|
SC Johnson & Son Inc., 4.80%, 09/01/40(a) |
50 | 45,580 | ||||||
|
|
|
|||||||
| 272,906 | ||||||||
| Housewares — 0.0% | ||||||||
|
Newell Brands Inc. |
||||||||
|
5.63%, 04/01/36 (Call 10/01/35) |
30 | 25,587 | ||||||
|
5.75%, 04/01/46 (Call 10/01/45) |
45 | 36,100 | ||||||
|
|
|
|||||||
| 61,687 | ||||||||
| Insurance — 2.4% | ||||||||
|
Aflac Inc., 4.75%, 01/15/49 (Call 07/15/48) |
70 | 64,350 | ||||||
|
AIA Group Ltd. |
||||||||
|
3.20%, 09/16/40 (Call 03/16/40)(a) |
210 | 159,266 | ||||||
|
4.50%, 03/16/46 (Call 09/16/45)(a) |
105 | 93,346 | ||||||
|
Alleghany Corp., 4.90%, 09/15/44 (Call 03/15/44) |
15 | 14,064 | ||||||
|
Allstate Corp. (The) |
||||||||
|
3.85%, 08/10/49 (Call 02/10/49) |
10 | 7,980 | ||||||
|
4.20%, 12/15/46 (Call 06/15/46) |
40 | 33,239 | ||||||
|
4.50%, 06/15/43 |
90 | 80,092 | ||||||
|
5.55%, 05/09/35 |
50 | 51,313 | ||||||
|
5.95%, 04/01/36 |
10 | 10,600 | ||||||
|
6.50%, 05/15/67 (Call 05/15/37), (3 mo. LIBOR US + 2.120%)(b) |
85 | 82,459 | ||||||
|
American Financial Group Inc./OH, 4.50%, 06/15/47 |
||||||||
|
(Call 12/15/46) |
45 | 37,267 | ||||||
|
American International Group Inc. |
||||||||
|
4.38%, 06/30/50 (Call 12/30/49) |
100 | 84,120 | ||||||
|
4.50%, 07/16/44 (Call 01/16/44) |
150 | 130,591 | ||||||
|
4.75%, 04/01/48 (Call 10/01/47) |
65 | 57,855 | ||||||
|
4.80%, 07/10/45 (Call 01/10/45) |
40 | 35,619 | ||||||
|
AmFam
Holdings Inc., 3.83%, 03/11/51 |
22 | 14,570 | ||||||
|
Aon Corp., 6.25%, 09/30/40 |
30 | 31,051 | ||||||
|
Aon Corp./Aon Global Holdings PLC |
||||||||
|
2.90%, 08/23/51 (Call 02/23/51) |
25 | 16,149 | ||||||
|
3.90%, 02/28/52 (Call 08/28/51) |
50 | 38,458 | ||||||
|
Aon Global Ltd. |
||||||||
|
4.60%, 06/14/44 (Call 03/14/44) |
40 | 34,898 | ||||||
|
4.75%, 05/15/45 (Call 11/15/44) |
44 | 39,024 | ||||||
|
Arch Capital Finance LLC, 5.03%, 12/15/46 (Call 06/15/46) |
40 | 35,504 | ||||||
|
Arch Capital Group Ltd., 3.64%, 06/30/50 (Call 12/30/49) |
70 | 50,356 | ||||||
|
Arch Capital Group U.S. Inc., 5.14%, 11/01/43 |
40 | 36,594 | ||||||
|
Arthur J Gallagher & Co. |
||||||||
|
3.05%, 03/09/52 (Call 09/09/51) |
50 | 32,371 | ||||||
|
5.75%, 03/02/53 (Call 09/02/52) |
12 | 11,918 | ||||||
|
Athene Holding Ltd. |
||||||||
|
3.45%, 05/15/52 (Call 11/15/51) |
15 | 9,544 | ||||||
|
3.95%, 05/25/51 (Call 11/25/50) |
35 | 24,557 | ||||||
|
Berkshire Hathaway Finance Corp. |
||||||||
|
2.50%, 01/15/51 (Call 07/15/50) |
50 | 31,284 | ||||||
|
2.85%, 10/15/50 (Call 04/15/50) |
70 | 47,239 | ||||||
|
3.85%, 03/15/52 (Call 09/15/51) |
120 | 96,790 | ||||||
|
4.20%, 08/15/48 (Call 02/15/48) |
133 | 117,470 | ||||||
|
4.25%, 01/15/49 (Call 07/15/48) |
206 | 183,278 | ||||||
|
4.30%, 05/15/43 |
45 | 40,500 | ||||||
|
4.40%, 05/15/42 |
85 | 78,194 | ||||||
|
5.75%, 01/15/40 |
53 | 57,047 | ||||||
|
Berkshire Hathaway Inc., 4.50%, 02/11/43 |
97 | 89,682 | ||||||
|
Brighthouse Financial Inc. |
||||||||
|
3.85%, 12/22/51 (Call 06/22/51) |
5 | 3,289 | ||||||
|
4.70%, 06/22/47 (Call 12/22/46) |
54 | 41,641 | ||||||
| 56 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
|
Security |
Par (000) |
Value | ||||||
|
Insurance (continued) |
||||||||
|
Brown & Brown Inc., 4.95%, 03/17/52 (Call 09/17/51) |
$ | 25 | $ | 21,038 | ||||
|
Chubb Corp. (The) |
||||||||
|
6.00%, 05/11/37 |
16 | 17,148 | ||||||
|
Series 1, 6.50%, 05/15/38 |
20 | 22,518 | ||||||
|
Chubb INA Holdings Inc. |
||||||||
|
2.85%, 12/15/51 (Call 06/15/51) |
25 | 16,947 | ||||||
|
3.05%, 12/15/61 (Call 06/15/61) |
100 | 65,334 | ||||||
|
4.15%, 03/13/43 |
25 | 21,735 | ||||||
|
4.35%, 11/03/45 (Call 05/03/45) |
115 | 102,824 | ||||||
|
6.70%, 05/15/36 |
25 | 27,765 | ||||||
|
Corebridge Financial Inc. |
||||||||
|
4.35%, 04/05/42 (Call 10/05/41)(a) |
30 | 24,769 | ||||||
|
4.40%, 04/05/52 (Call 10/05/51)(a) |
50 | 39,703 | ||||||
|
Empower Finance 2020 LP, 3.08%, 09/17/51 (Call 03/17/51)(a) |
25 | 16,104 | ||||||
|
Equitable Holdings Inc., 5.00%, 04/20/48 (Call 10/20/47) |
80 | 70,673 | ||||||
|
Everest Reinsurance Holdings Inc. |
||||||||
|
3.13%, 10/15/52 (Call 04/15/52) |
50 | 32,386 | ||||||
|
3.50%, 10/15/50 (Call 04/15/50) |
35 | 24,517 | ||||||
|
4.87%, 06/01/44 |
15 | 13,427 | ||||||
|
Farmers Exchange Capital II, 6.15%, 11/01/53 (Call 11/01/33), (3 mo. LIBOR US + 3.744%)(a)(b) |
50 | 48,995 | ||||||
|
Farmers Exchange Capital III, 5.45%, 10/15/54 (Call 10/15/34), (3 mo. LIBOR US + 3.454%)(a)(b) |
60 | 54,782 | ||||||
|
Farmers Insurance Exchange, 4.75%, 11/01/57 (Call 11/01/37), (3 mo. LIBOR US + 1.374%)(a)(b) |
60 | 46,872 | ||||||
|
Genworth Holdings Inc., 6.50%, 06/15/34 |
25 | 22,743 | ||||||
|
Great-West Lifeco Finance 2018 LP, 4.58%, 05/17/48 (Call 11/17/47)(a) |
85 | 72,516 | ||||||
|
Great-West Lifeco Finance Delaware LP, 4.15%, 06/03/47 (Call 12/03/46)(a) |
25 | 19,990 | ||||||
|
Guardian Life Insurance Co. of America (The) |
||||||||
|
3.70%, 01/22/70 (Call 07/22/69)(a) |
25 | 17,309 | ||||||
|
4.85%, 01/24/77(a) |
40 | 33,748 | ||||||
|
4.88%, 06/19/64(a) |
55 | 49,154 | ||||||
|
Hartford Financial Services Group Inc. (The) |
||||||||
|
2.90%, 09/15/51 (Call 03/15/51) |
15 | 9,725 | ||||||
|
4.30%, 04/15/43 |
25 | 20,740 | ||||||
|
4.40%, 03/15/48 (Call 09/15/47) |
75 | 63,750 | ||||||
|
5.95%, 10/15/36 |
40 | 41,136 | ||||||
|
6.10%, 10/01/41 |
40 | 41,008 | ||||||
|
High Street Funding Trust II, 4.68%, 02/15/48 (Call 11/15/47)(a) |
110 | 90,594 | ||||||
|
Jackson Financial Inc., 4.00%, 11/23/51 (Call 05/23/51) |
30 | 20,105 | ||||||
|
Liberty Mutual Group Inc. |
||||||||
|
3.95%, 10/15/50 (Call 04/15/50)(a) |
125 | 90,890 | ||||||
|
3.95%, 05/15/60 (Call 11/15/59)(a) |
60 | 41,826 | ||||||
|
4.30%, 02/01/61 (Call 02/03/26)(a) |
50 | 30,624 | ||||||
|
5.50%, 06/15/52 (Call 12/15/51)(a) |
25 | 23,321 | ||||||
|
7.80%, 03/07/87(a) |
30 | 32,870 | ||||||
|
Lincoln National Corp. |
||||||||
|
4.35%, 03/01/48 (Call 09/01/47) |
40 | 31,076 | ||||||
|
4.38%, 06/15/50 (Call 12/15/49)(c) |
35 | 26,805 | ||||||
|
7.00%, 06/15/40 |
80 | 86,463 | ||||||
|
Loews Corp., 4.13%, 05/15/43 (Call 11/15/42) |
65 | 54,057 | ||||||
|
Manulife Financial Corp., 5.38%, 03/04/46 |
35 | 35,433 | ||||||
|
Markel Corp. |
||||||||
|
3.45%, 05/07/52 (Call 11/07/51) |
5 | 3,433 | ||||||
|
4.15%, 09/17/50 (Call 03/17/50) |
26 | 20,183 | ||||||
|
4.30%, 11/01/47 (Call 05/01/47) |
35 | 27,737 | ||||||
|
5.00%, 04/05/46 |
50 | 43,984 | ||||||
| Security | Par (000) |
Value | ||||||
|
Insurance (continued) |
||||||||
|
5.00%, 05/20/49 (Call 11/20/48) |
$ | 60 | $ | 53,774 | ||||
|
Marsh & McLennan Companies Inc. |
||||||||
|
4.20%, 03/01/48 (Call 09/01/47) |
85 | 71,135 | ||||||
|
4.35%, 01/30/47 (Call 07/30/46) |
50 | 42,661 | ||||||
|
4.75%, 03/15/39 (Call 09/15/38) |
75 | 69,682 | ||||||
|
4.90%, 03/15/49 (Call 09/15/48) |
50 | 46,089 | ||||||
|
6.25%, 11/01/52 (Call 05/01/52) |
25 | 27,741 | ||||||
|
Massachusetts Mutual Life Insurance Co. |
||||||||
|
3.38%, 04/15/50(a) |
30 | 21,738 | ||||||
|
3.73%, 10/15/70(a) |
71 | 48,595 | ||||||
|
4.90%, 04/01/77(a) |
50 | 43,139 | ||||||
|
5.67%, 12/01/52 (Call 06/01/52)(a) |
100 | 101,365 | ||||||
|
MetLife Inc. |
||||||||
|
4.05%, 03/01/45 |
40 | 33,485 | ||||||
|
4.13%, 08/13/42 |
71 | 60,569 | ||||||
|
4.60%, 05/13/46 (Call 11/13/45) |
30 | 26,803 | ||||||
|
4.72%, 12/15/44 |
55 | 50,066 | ||||||
|
4.88%, 11/13/43 |
81 | 75,568 | ||||||
|
5.00%, 07/15/52 (Call 01/15/52) |
30 | 28,682 | ||||||
|
5.25%, 01/15/54 (Call 07/15/53) |
150 | 146,815 | ||||||
|
5.70%, 06/15/35 |
51 | 53,463 | ||||||
|
6.40%, 12/15/66 (Call 12/15/31) |
200 | 200,556 | ||||||
|
10.75%, 08/01/69 (Call 08/01/34) |
31 | 41,779 | ||||||
|
Nationwide Financial Services Inc. |
||||||||
|
3.90%, 11/30/49 (Call 05/30/49)(a) |
60 | 44,409 | ||||||
|
5.30%, 11/18/44(a) |
40 | 35,164 | ||||||
|
Nationwide Mutual Insurance Co. |
||||||||
|
4.35%, 04/30/50 (Call 10/30/49)(a) |
275 | 213,595 | ||||||
|
9.38%, 08/15/39(a) |
15 | 20,031 | ||||||
|
New York Life Insurance Co. |
||||||||
|
3.75%, 05/15/50 (Call 11/15/49)(a) |
55 | 42,950 | ||||||
|
4.45%, 05/15/69 (Call 11/15/68)(a) |
30 | 25,408 | ||||||
|
6.75%, 11/15/39(a) |
180 | 203,366 | ||||||
|
Northwestern Mutual Life Insurance Co. (The) |
||||||||
|
3.45%, 03/30/51 (Call 09/30/50)(a) |
25 | 18,099 | ||||||
|
3.63%, 09/30/59 (Call 03/30/59)(a) |
175 | 123,210 | ||||||
|
3.85%, 09/30/47 (Call 03/30/47)(a) |
115 | 90,634 | ||||||
|
Old Republic International Corp., 3.85%, 06/11/51 (Call 12/11/50) |
10 | 7,155 | ||||||
|
Pacific Life Insurance Co., 4.30%, 10/24/67 (Call 10/24/47), (3 mo. LIBOR US + 2.796%)(a)(b) |
175 | 138,455 | ||||||
|
Pacific LifeCorp. |
||||||||
|
3.35%, 09/15/50 (Call 03/15/50)(a) |
25 | 17,668 | ||||||
|
5.40%, 09/15/52 (Call 03/15/52)(a) |
25 | 24,450 | ||||||
|
Penn Mutual Life Insurance Co. (The), 3.80%, 04/29/61(a) |
45 | 30,039 | ||||||
|
Principal Financial Group Inc. |
||||||||
|
4.30%, 11/15/46 (Call 05/15/46) |
10 | 8,230 | ||||||
|
4.35%, 05/15/43 |
46 | 37,620 | ||||||
|
4.63%, 09/15/42 |
40 | 33,929 | ||||||
|
Progressive Corp. (The) |
||||||||
|
3.70%, 03/15/52 (Call 09/15/51) |
15 | 11,871 | ||||||
|
3.95%, 03/26/50 (Call 09/26/49) |
25 | 20,359 | ||||||
|
4.13%, 04/15/47 (Call 10/15/46) |
62 | 52,889 | ||||||
|
4.20%, 03/15/48 (Call 09/15/47) |
50 | 42,861 | ||||||
|
4.35%, 04/25/44 |
45 | 39,059 | ||||||
|
Provident Financing Trust I, 7.41%, 03/15/38 |
15 | 15,622 | ||||||
|
Prudential Financial Inc. |
||||||||
|
3.00%, 03/10/40 (Call 09/10/39) |
50 | 37,323 | ||||||
|
3.70%, 03/13/51 (Call 09/13/50) |
105 | 80,164 | ||||||
|
3.91%, 12/07/47 (Call 06/07/47) |
40 | 31,591 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Insurance (continued) |
||||||||
|
3.94%, 12/07/49 (Call 06/07/49) |
$ | 60 | $ | 47,526 | ||||
|
4.35%, 02/25/50 (Call 08/25/49) |
50 | 42,445 | ||||||
|
4.42%, 03/27/48 (Call 09/27/47) |
10 | 8,643 | ||||||
|
4.60%, 05/15/44 |
53 | 48,201 | ||||||
|
5.70%, 12/14/36 |
52 | 54,067 | ||||||
|
6.63%, 12/01/37 |
30 | 33,167 | ||||||
|
6.63%, 06/21/40 |
50 | 54,822 | ||||||
|
Securian Financial Group Inc., 4.80%, 04/15/48(a) |
35 | 28,841 | ||||||
|
Selective
Insurance Group Inc., 5.38%, 03/01/49 |
15 | 13,519 | ||||||
|
Teachers Insurance & Annuity Association of America |
||||||||
|
3.30%, 05/15/50 (Call 11/15/49)(a) |
130 | 93,366 | ||||||
|
4.27%, 05/15/47 (Call 11/15/46)(a) |
175 | 148,038 | ||||||
|
4.90%, 09/15/44(a) |
80 | 73,927 | ||||||
|
6.85%, 12/16/39(a) |
52 | 57,384 | ||||||
|
Transatlantic Holdings Inc., 8.00%, 11/30/39 |
40 | 50,322 | ||||||
|
Travelers Companies Inc. (The) |
||||||||
|
3.05%, 06/08/51 (Call 12/08/50) |
50 | 34,879 | ||||||
|
3.75%, 05/15/46 (Call 11/15/45) |
35 | 27,573 | ||||||
|
4.00%, 05/30/47 (Call 11/30/46) |
30 | 25,066 | ||||||
|
4.05%, 03/07/48 (Call 09/07/47) |
10 | 8,390 | ||||||
|
4.10%, 03/04/49 (Call 09/04/48) |
30 | 25,316 | ||||||
|
4.30%, 08/25/45 (Call 02/25/45) |
30 | 26,142 | ||||||
|
4.60%, 08/01/43 |
30 | 27,420 | ||||||
|
5.35%, 11/01/40 |
10 | 10,164 | ||||||
|
6.25%, 06/15/37 |
50 | 55,486 | ||||||
|
6.75%, 06/20/36 |
161 | 183,051 | ||||||
|
Unum Group |
||||||||
|
4.13%, 06/15/51 (Call 12/15/50) |
5 | 3,584 | ||||||
|
4.50%, 12/15/49 (Call 06/15/49) |
45 | 33,798 | ||||||
|
5.75%, 08/15/42 |
60 | 55,175 | ||||||
|
Voya Financial Inc. |
||||||||
|
4.80%, 06/15/46 |
15 | 12,541 | ||||||
|
5.70%, 07/15/43 |
115 | 110,403 | ||||||
|
W R Berkley Corp. |
||||||||
|
3.55%, 03/30/52 (Call 09/30/51) |
15 | 10,680 | ||||||
|
4.75%, 08/01/44 |
45 | 40,217 | ||||||
|
Western & Southern Life Insurance Co. (The) |
||||||||
|
3.75%, 04/28/61 (Call 10/28/60)(a) |
10 | 6,892 | ||||||
|
5.15%, 01/15/49 (Call 07/15/48)(a)(c) |
25 | 22,773 | ||||||
|
Willis North America Inc. |
||||||||
|
3.88%, 09/15/49 (Call 03/15/49) |
35 | 25,540 | ||||||
|
5.05%, 09/15/48 (Call 03/15/48) |
30 | 26,008 | ||||||
|
XLIT Ltd. |
||||||||
|
5.25%, 12/15/43 |
100 | 98,442 | ||||||
|
5.50%, 03/31/45 |
40 | 39,120 | ||||||
|
|
|
|||||||
| 8,175,110 | ||||||||
| Internet — 0.9% | ||||||||
|
Alibaba Group Holding Ltd. |
||||||||
|
2.70%, 02/09/41 (Call 08/09/40) |
200 | 131,502 | ||||||
|
3.15%, 02/09/51 (Call 08/09/50) |
200 | 128,418 | ||||||
|
4.00%, 12/06/37 (Call 06/06/37) |
50 | 41,332 | ||||||
|
4.20%, 12/06/47 (Call 06/06/47) |
205 | 160,570 | ||||||
|
Alphabet Inc. |
||||||||
|
1.90%, 08/15/40 (Call 02/15/40) |
65 | 43,246 | ||||||
|
2.05%, 08/15/50 (Call 02/15/50) |
390 | 235,439 | ||||||
|
2.25%, 08/15/60 (Call 02/15/60) |
20 | 11,593 | ||||||
|
Amazon.com Inc. |
||||||||
|
2.50%, 06/03/50 (Call 12/03/49) |
100 | 64,038 | ||||||
|
2.70%, 06/03/60 (Call 12/03/59) |
113 | 69,417 | ||||||
| Security | Par (000) |
Value | ||||||
|
Internet (continued) |
||||||||
|
2.88%, 05/12/41 (Call 11/12/40) |
$ | 100 | $ | 74,455 | ||||
|
3.10%, 05/12/51 (Call 11/12/50) |
240 | 171,830 | ||||||
|
3.25%, 05/12/61 (Call 11/12/60) |
85 | 58,777 | ||||||
|
3.88%, 08/22/37 (Call 02/22/37) |
223 | 196,996 | ||||||
|
3.95%, 04/13/52 (Call 10/13/51) |
115 | 96,566 | ||||||
|
4.05%, 08/22/47 (Call 02/22/47) |
122 | 105,258 | ||||||
|
4.10%, 04/13/62 (Call 10/13/61) |
115 | 95,136 | ||||||
|
4.25%, 08/22/57 (Call 02/22/57) |
245 | 211,359 | ||||||
|
4.95%, 12/05/44 (Call 06/05/44) |
200 | 196,056 | ||||||
|
eBay Inc. |
||||||||
|
3.65%, 05/10/51 (Call 11/10/50) |
45 | 32,276 | ||||||
|
4.00%, 07/15/42 (Call 01/15/42) |
76 | 60,232 | ||||||
|
Meta Platforms Inc. |
||||||||
|
4.45%, 08/15/52 (Call 02/15/52) |
225 | 186,392 | ||||||
|
4.65%, 08/15/62 (Call 02/15/62) |
100 | 83,164 | ||||||
|
Prosus NV, 4.03%, 08/03/50 (Call 02/03/50)(f) |
200 | 126,492 | ||||||
|
Tencent Holdings Ltd. |
||||||||
|
3.24%, 06/03/50 (Call 12/03/49)(c)(f) |
200 | 128,742 | ||||||
|
3.29%, 06/03/60 (Call 12/03/59)(f) |
200 | 121,874 | ||||||
|
4.53%, 04/11/49 (Call 10/11/48)(c)(f) |
200 | 163,904 | ||||||
|
|
|
|||||||
| 2,995,064 | ||||||||
| Iron & Steel — 0.2% | ||||||||
|
ArcelorMittal SA |
||||||||
|
6.75%, 03/01/41 |
25 | 24,718 | ||||||
|
7.00%, 10/15/39 |
36 | 37,031 | ||||||
|
Cliffs Natural Resources Inc., 6.25%, 10/01/40(c) |
20 | 17,415 | ||||||
|
Nucor Corp. |
||||||||
|
2.98%, 12/15/55 (Call 06/15/55) |
94 | 61,216 | ||||||
|
6.40%, 12/01/37 |
75 | 82,102 | ||||||
|
Steel Dynamics Inc., 3.25%, 10/15/50 (Call 04/15/50) |
25 | 16,788 | ||||||
|
U.S. Steel Corp., 6.65%, 06/01/37 |
20 | 18,757 | ||||||
|
Vale Overseas Ltd. |
||||||||
|
6.88%, 11/21/36 |
132 | 135,361 | ||||||
|
6.88%, 11/10/39 |
80 | 81,817 | ||||||
|
Vale SA, 5.63%, 09/11/42 |
125 | 120,864 | ||||||
|
|
|
|||||||
| 596,069 | ||||||||
| Leisure Time — 0.0% | ||||||||
|
Brunswick Corp., 5.10%, 04/01/52 (Call 10/01/51) |
50 | 36,339 | ||||||
|
Harley-Davidson Inc., 4.63%, 07/28/45 (Call 01/28/45) |
30 | 23,230 | ||||||
|
|
|
|||||||
| 59,569 | ||||||||
| Machinery — 0.3% | ||||||||
|
ABB Finance USA Inc., 4.38%, 05/08/42 |
10 | 8,852 | ||||||
|
Caterpillar Inc. |
||||||||
|
3.25%, 09/19/49 (Call 03/19/49) |
135 | 103,010 | ||||||
|
3.25%, 04/09/50 (Call 10/09/49) |
55 | 42,084 | ||||||
|
3.80%, 08/15/42 |
80 | 68,003 | ||||||
|
4.30%, 05/15/44 (Call 11/15/43)(c) |
70 | 64,493 | ||||||
|
4.75%, 05/15/64 (Call 11/15/63) |
45 | 42,410 | ||||||
|
5.20%, 05/27/41 |
61 | 62,269 | ||||||
|
6.05%, 08/15/36 |
25 | 27,296 | ||||||
|
Crane Holdings Co., 4.20%, 03/15/48 (Call 09/15/47) |
50 | 36,644 | ||||||
|
Deere & Co. |
||||||||
|
2.88%, 09/07/49 (Call 03/07/49) |
165 | 119,467 | ||||||
|
3.75%, 04/15/50 (Call 10/15/49)(c) |
55 | 46,742 | ||||||
|
3.90%, 06/09/42 (Call 12/09/41) |
44 | 38,789 | ||||||
|
Dover Corp. |
||||||||
|
5.38%, 10/15/35 |
40 | 39,838 | ||||||
|
5.38%, 03/01/41 (Call 12/01/40) |
20 | 19,577 | ||||||
| 58 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Machinery (continued) |
||||||||
|
Otis Worldwide Corp. |
||||||||
|
3.11%, 02/15/40 (Call 08/15/39) |
$ | 40 | $ | 29,834 | ||||
|
3.36%, 02/15/50 (Call 08/15/49) |
70 | 49,652 | ||||||
|
Rockwell Automation Inc., 4.20%, 03/01/49 (Call 09/01/48) |
30 | 26,397 | ||||||
|
Xylem Inc./NY, 4.38%, 11/01/46 (Call 05/01/46) |
20 | 16,622 | ||||||
|
|
|
|||||||
| 841,979 | ||||||||
| Manufacturing — 0.3% | ||||||||
|
3M Co. |
||||||||
|
3.13%, 09/19/46 (Call 03/19/46)(c) |
60 | 41,341 | ||||||
|
3.25%, 08/26/49 (Call 02/26/49)(c) |
10 | 6,971 | ||||||
|
3.63%, 10/15/47 (Call 04/15/47) |
98 | 73,745 | ||||||
|
3.70%, 04/15/50 (Call 10/15/49)(c) |
35 | 27,049 | ||||||
|
3.88%, 06/15/44 |
55 | 43,728 | ||||||
|
4.00%, 09/14/48 (Call 03/14/48)(c) |
75 | 60,151 | ||||||
|
5.70%, 03/15/37 |
87 | 88,310 | ||||||
|
Eaton Corp. |
||||||||
|
3.92%, 09/15/47 (Call 02/15/47) |
15 | 12,251 | ||||||
|
4.15%, 11/02/42 |
75 | 63,901 | ||||||
|
4.70%, 08/23/52 (Call 02/23/52) |
50 | 45,442 | ||||||
|
General Electric Co. |
||||||||
|
4.50%, 03/11/44 |
30 | 25,988 | ||||||
|
5.88%, 01/14/38 |
30 | 31,129 | ||||||
|
6.88%, 01/10/39 |
100 | 112,861 | ||||||
|
Illinois Tool Works Inc. |
||||||||
|
3.90%, 09/01/42 (Call 03/01/42) |
30 | 25,904 | ||||||
|
4.88%, 09/15/41 (Call 03/15/41) |
51 | 50,035 | ||||||
|
Parker-Hannifin Corp. |
||||||||
|
4.00%, 06/14/49 (Call 12/14/48) |
40 | 32,265 | ||||||
|
4.10%, 03/01/47 (Call 09/01/46) |
20 | 16,610 | ||||||
|
4.45%, 11/21/44 (Call 05/21/44) |
85 | 74,631 | ||||||
|
6.25%, 05/15/38 |
10 | 10,519 | ||||||
|
Siemens Financieringsmaatschappij NV, 4.20%, 03/16/47(a) |
250 | 225,005 | ||||||
|
|
|
|||||||
| 1,067,836 | ||||||||
| Media — 2.3% | ||||||||
|
CCO Holdings LLC/CCO Holdings Capital Corp. |
||||||||
|
4.25%, 01/15/34 (Call 01/15/28)(a) |
140 | 104,811 | ||||||
|
4.50%, 06/01/33 (Call 06/01/27)(a) |
115 | 89,522 | ||||||
|
Charter Communications Operating LLC/Charter Communications Operating Capital |
||||||||
|
3.50%, 06/01/41 (Call 12/01/40) |
130 | 84,833 | ||||||
|
3.50%, 03/01/42 (Call 09/01/41) |
85 | 54,862 | ||||||
|
3.70%, 04/01/51 (Call 10/01/50) |
145 | 88,533 | ||||||
|
3.85%, 04/01/61 (Call 10/01/60) |
175 | 102,783 | ||||||
|
3.90%, 06/01/52 (Call 12/01/51) |
130 | 81,925 | ||||||
|
3.95%, 06/30/62 (Call 12/30/61) |
80 | 47,658 | ||||||
|
4.40%, 12/01/61 (Call 06/01/61) |
50 | 32,353 | ||||||
|
4.80%, 03/01/50 (Call 09/01/49) |
225 | 163,870 | ||||||
|
5.13%, 07/01/49 (Call 01/01/49) |
125 | 95,829 | ||||||
|
5.25%, 04/01/53 (Call 10/01/52) |
80 | 62,406 | ||||||
|
5.38%, 04/01/38 (Call 10/01/37) |
70 | 58,556 | ||||||
|
5.38%, 05/01/47 (Call 11/01/46) |
140 | 111,084 | ||||||
|
5.50%, 04/01/63 (Call 10/01/62) |
45 | 34,835 | ||||||
|
5.75%, 04/01/48 (Call 10/01/47) |
188 | 156,454 | ||||||
|
6.38%, 10/23/35 (Call 04/23/35) |
160 | 153,208 | ||||||
|
6.48%, 10/23/45 (Call 04/23/45) |
226 | 204,449 | ||||||
|
6.83%, 10/23/55 (Call 04/23/55) |
70 | 65,260 | ||||||
|
Comcast Corp. |
||||||||
|
2.45%, 08/15/52 (Call 02/15/52)(c) |
65 | 38,570 | ||||||
|
2.65%, 08/15/62 (Call 02/15/62) |
280 | 160,602 | ||||||
| Security | Par (000) |
Value | ||||||
|
Media (continued) |
||||||||
|
2.80%, 01/15/51 (Call 07/15/50) |
$ | 92 | $ | 58,788 | ||||
|
2.89%, 11/01/51 (Call 05/01/51) |
252 | 163,059 | ||||||
|
2.94%, 11/01/56 (Call 05/01/56) |
264 | 165,787 | ||||||
|
2.99%, 11/01/63 (Call 05/01/63) |
189 | 115,558 | ||||||
|
3.20%, 07/15/36 (Call 01/15/36) |
55 | 44,269 | ||||||
|
3.25%, 11/01/39 (Call 05/01/39) |
76 | 59,165 | ||||||
|
3.40%, 07/15/46 (Call 01/15/46) |
85 | 62,509 | ||||||
|
3.45%, 02/01/50 (Call 08/01/49) |
145 | 105,933 | ||||||
|
3.75%, 04/01/40 (Call 10/01/39) |
45 | 37,065 | ||||||
|
3.90%, 03/01/38 (Call 09/01/37) |
110 | 94,359 | ||||||
|
3.97%, 11/01/47 (Call 05/01/47) |
109 | 87,876 | ||||||
|
4.00%, 08/15/47 (Call 02/15/47) |
75 | 60,595 | ||||||
|
4.00%, 03/01/48 (Call 09/01/47) |
75 | 60,646 | ||||||
|
4.00%, 11/01/49 (Call 05/01/49) |
151 | 121,726 | ||||||
|
4.05%, 11/01/52 (Call 05/01/52) |
224 | 180,042 | ||||||
|
4.40%, 08/15/35 (Call 02/25/35) |
85 | 78,382 | ||||||
|
4.60%, 10/15/38 (Call 04/15/38) |
54 | 49,787 | ||||||
|
4.60%, 08/15/45 (Call 02/15/45) |
70 | 61,746 | ||||||
|
4.65%, 07/15/42 |
100 | 92,414 | ||||||
|
4.70%, 10/15/48 (Call 04/15/48) |
60 | 54,400 | ||||||
|
4.75%, 03/01/44 |
150 | 136,950 | ||||||
|
4.95%, 10/15/58 (Call 04/15/58) |
35 | 32,452 | ||||||
|
5.65%, 06/15/35 |
45 | 46,520 | ||||||
|
6.50%, 11/15/35 |
130 | 143,763 | ||||||
|
6.55%, 07/01/39 |
10 | 11,085 | ||||||
|
Cox Communications Inc. |
||||||||
|
3.60%, 06/15/51 (Call 12/15/50)(a) |
20 | 14,123 | ||||||
|
4.50%, 06/30/43 (Call 12/30/42)(a) |
121 | 99,149 | ||||||
|
4.70%, 12/15/42(a) |
75 | 63,038 | ||||||
|
8.38%, 03/01/39(a) |
55 | 66,195 | ||||||
|
Discovery Communications LLC |
||||||||
|
4.00%, 09/15/55 (Call 03/15/55) |
106 | 68,283 | ||||||
|
4.65%, 05/15/50 (Call 11/15/49) |
260 | 189,972 | ||||||
|
4.88%, 04/01/43 |
25 | 19,721 | ||||||
|
5.00%, 09/20/37 (Call 03/20/37) |
55 | 46,923 | ||||||
|
5.20%, 09/20/47 (Call 03/20/47) |
60 | 47,897 | ||||||
|
5.30%, 05/15/49 (Call 11/15/48) |
136 | 108,954 | ||||||
|
Fox Corp. |
||||||||
|
5.48%, 01/25/39 (Call 07/25/38) |
80 | 73,381 | ||||||
|
5.58%, 01/25/49 (Call 07/25/48) |
105 | 95,658 | ||||||
|
Grupo Televisa SAB |
||||||||
|
5.00%, 05/13/45 (Call 11/13/44) |
15 | 13,068 | ||||||
|
6.63%, 01/15/40 |
155 | 160,364 | ||||||
|
Historic TW Inc., 8.30%, 01/15/36 |
10 | 11,407 | ||||||
|
NBCUniversal Media LLC, 5.95%, 04/01/41 |
130 | 136,617 | ||||||
|
Paramount Global |
||||||||
|
4.38%, 03/15/43 |
80 | 55,513 | ||||||
|
4.60%, 01/15/45 (Call 07/15/44) |
85 | 60,742 | ||||||
|
4.85%, 07/01/42 (Call 01/01/42) |
44 | 32,948 | ||||||
|
4.90%, 08/15/44 (Call 02/15/44) |
120 | 88,244 | ||||||
|
4.95%, 05/19/50 (Call 11/19/49) |
65 | 48,136 | ||||||
|
5.25%, 04/01/44 (Call 10/01/43) |
35 | 26,922 | ||||||
|
5.85%, 09/01/43 (Call 03/01/43) |
25 | 20,999 | ||||||
|
6.88%, 04/30/36 |
104 | 103,154 | ||||||
|
Sky Group Finance Ltd., 6.50%, 10/15/35(a) |
20 | 21,377 | ||||||
|
Thomson Reuters Corp. |
||||||||
|
5.65%, 11/23/43 (Call 05/23/43) |
15 | 14,048 | ||||||
|
5.85%, 04/15/40 |
95 | 92,453 | ||||||
|
Time Warner Cable LLC 4.50%, 09/15/42 (Call 03/15/42) |
79 | 58,860 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Media (continued) |
||||||||
|
5.50%, 09/01/41 (Call 03/01/41) |
$ | 125 | $ | 105,436 | ||||
|
5.88%, 11/15/40 (Call 05/15/40) |
100 | 88,043 | ||||||
|
6.55%, 05/01/37 |
85 | 80,953 | ||||||
|
6.75%, 06/15/39 |
155 | 148,902 | ||||||
|
7.30%, 07/01/38 |
115 | 115,090 | ||||||
|
TWDC Enterprises 18 Corp. |
||||||||
|
3.00%, 07/30/46 |
45 | 31,612 | ||||||
|
3.70%, 12/01/42 |
45 | 36,575 | ||||||
|
4.13%, 06/01/44 |
75 | 64,472 | ||||||
|
4.38%, 08/16/41 |
50 | 44,508 | ||||||
|
Series E, 4.13%, 12/01/41 |
40 | 34,716 | ||||||
|
Walt Disney Co. (The) |
||||||||
|
2.75%, 09/01/49 (Call 03/01/49) |
115 | 76,338 | ||||||
|
3.50%, 05/13/40 (Call 11/13/39) |
95 | 76,901 | ||||||
|
3.60%, 01/13/51 (Call 07/13/50) |
135 | 104,676 | ||||||
|
4.63%, 03/23/40 (Call 09/23/39) |
50 | 46,784 | ||||||
|
4.70%, 03/23/50 (Call 09/23/49) |
105 | 98,253 | ||||||
|
4.75%, 09/15/44 (Call 03/15/44) |
130 | 120,679 | ||||||
|
4.75%, 11/15/46 (Call 05/15/46) |
15 | 13,950 | ||||||
|
4.95%, 10/15/45 (Call 04/15/45) |
50 | 47,394 | ||||||
|
5.40%, 10/01/43 |
245 | 246,614 | ||||||
|
6.15%, 03/01/37 |
26 | 27,805 | ||||||
|
6.15%, 02/15/41 |
10 | 10,884 | ||||||
|
6.40%, 12/15/35 |
51 | 56,156 | ||||||
|
6.65%, 11/15/37 |
100 | 113,326 | ||||||
|
7.75%, 12/01/45 |
10 | 12,734 | ||||||
|
|
|
|||||||
| 7,758,226 | ||||||||
| Metal Fabricate & Hardware — 0.1% | ||||||||
|
Precision Castparts Corp. |
||||||||
|
3.90%, 01/15/43 (Call 07/15/42) |
40 | 33,860 | ||||||
|
4.38%, 06/15/45 (Call 12/15/44) |
20 | 17,890 | ||||||
|
Valmont Industries Inc., 5.00%, 10/01/44 (Call 04/01/44) |
115 | 100,057 | ||||||
|
|
|
|||||||
| 151,807 | ||||||||
| Mining — 0.7% | ||||||||
|
AngloGold Ashanti Holdings PLC, 6.50%, 04/15/40 |
30 | 28,766 | ||||||
|
Barrick Gold Corp., 6.45%, 10/15/35 |
30 | 31,545 | ||||||
|
Barrick North America Finance LLC |
||||||||
|
5.70%, 05/30/41 |
64 | 63,906 | ||||||
|
5.75%, 05/01/43 |
49 | 49,394 | ||||||
|
Barrick PD Australia Finance Pty Ltd., 5.95%, 10/15/39 |
50 | 51,511 | ||||||
|
BHP Billiton Finance USA Ltd. |
||||||||
|
4.13%, 02/24/42 |
185 | 161,551 | ||||||
|
5.00%, 09/30/43 |
115 | 111,813 | ||||||
|
Corp. Nacional del Cobre de Chile |
||||||||
|
3.70%, 01/30/50 (Call 07/30/49)(f) |
200 | 145,778 | ||||||
|
4.25%, 07/17/42(a) |
200 | 164,632 | ||||||
|
4.50%, 08/01/47 (Call 02/01/47)(f) |
200 | 166,184 | ||||||
|
5.63%, 09/21/35(a) |
100 | 102,274 | ||||||
|
Freeport-McMoRan Inc., 5.45%, 03/15/43 (Call 09/15/42) |
160 | 144,829 | ||||||
|
Fresnillo PLC, 4.25%, 10/02/50 (Call 04/02/50)(f) |
200 | 155,356 | ||||||
|
Glencore Finance Canada Ltd. |
||||||||
|
5.55%, 10/25/42(a) |
45 | 41,710 | ||||||
|
6.00%, 11/15/41(a) |
25 | 24,504 | ||||||
|
6.90%, 11/15/37(a) |
79 | 85,536 | ||||||
|
Newcrest Finance Pty Ltd. |
||||||||
|
4.20%, 05/13/50 (Call 11/13/49)(a) |
40 | 30,516 | ||||||
|
5.75%, 11/15/41(a) |
20 | 18,987 | ||||||
|
Newmont Corp. |
||||||||
|
4.88%, 03/15/42 (Call 09/15/41) |
45 | 41,073 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Mining (continued) |
||||||||
|
5.88%, 04/01/35 |
$ | 55 | $ | 55,688 | ||||
|
6.25%, 10/01/39 |
40 | 41,756 | ||||||
|
Rio Tinto Alcan Inc., 5.75%, 06/01/35 |
25 | 25,637 | ||||||
|
Rio Tinto Finance USA Ltd. |
||||||||
|
2.75%, 11/02/51 (Call 05/02/51) |
75 | 49,516 | ||||||
|
5.20%, 11/02/40 |
20 | 19,918 | ||||||
|
Rio Tinto Finance USA PLC |
||||||||
|
4.13%, 08/21/42 (Call 02/21/42) |
55 | 47,774 | ||||||
|
4.75%, 03/22/42 (Call 09/22/41) |
50 | 47,090 | ||||||
|
Southern Copper Corp. |
||||||||
|
5.25%, 11/08/42 |
130 | 122,710 | ||||||
|
5.88%, 04/23/45 |
73 | 73,779 | ||||||
|
6.75%, 04/16/40 |
55 | 60,323 | ||||||
|
7.50%, 07/27/35 |
140 | 159,107 | ||||||
|
Teck Resources Ltd. |
||||||||
|
5.20%, 03/01/42 (Call 09/01/41) |
25 | 22,237 | ||||||
|
5.40%, 02/01/43 (Call 08/01/42) |
25 | 22,757 | ||||||
|
6.00%, 08/15/40 (Call 02/15/40) |
30 | 29,267 | ||||||
|
6.13%, 10/01/35 |
85 | 85,275 | ||||||
|
6.25%, 07/15/41 (Call 01/15/41) |
16 | 16,096 | ||||||
|
|
|
|||||||
| 2,498,795 | ||||||||
| Office & Business Equipment — 0.0% | ||||||||
|
Xerox Corp. |
||||||||
|
4.80%, 03/01/35 |
15 | 9,767 | ||||||
|
6.75%, 12/15/39 |
25 | 18,860 | ||||||
|
|
|
|||||||
| 28,627 | ||||||||
| Oil & Gas — 3.4% | ||||||||
|
Apache Corp. |
||||||||
|
4.25%, 01/15/44 (Call 07/15/43) |
20 | 14,476 | ||||||
|
4.75%, 04/15/43 (Call 10/15/42) |
30 | 23,020 | ||||||
|
5.10%, 09/01/40 (Call 03/01/40) |
90 | 74,104 | ||||||
|
5.25%, 02/01/42 (Call 08/01/41) |
30 | 24,361 | ||||||
|
5.35%, 07/01/49 (Call 01/01/49) |
25 | 19,834 | ||||||
|
6.00%, 01/15/37 |
30 | 27,710 | ||||||
|
7.38%, 08/15/47 |
10 | 9,799 | ||||||
|
BP Capital Markets America Inc. |
||||||||
|
2.77%, 11/10/50 (Call 05/10/50) |
75 | 48,320 | ||||||
|
2.94%, 06/04/51 (Call 12/04/50) |
230 | 152,826 | ||||||
|
3.00%, 02/24/50 (Call 08/24/49) |
130 | 88,379 | ||||||
|
3.00%, 03/17/52 (Call 09/17/51) |
5 | 3,353 | ||||||
|
3.06%, 06/17/41 (Call 12/17/40) |
55 | 40,725 | ||||||
|
3.38%, 02/08/61 (Call 08/08/60) |
205 | 141,593 | ||||||
|
Canadian Natural Resources Ltd. |
||||||||
|
4.95%, 06/01/47 (Call 12/01/46) |
75 | 65,279 | ||||||
|
6.25%, 03/15/38 |
80 | 80,560 | ||||||
|
6.75%, 02/01/39 |
35 | 36,504 | ||||||
|
Cenovus Energy Inc. |
||||||||
|
5.25%, 06/15/37 (Call 12/15/36) |
150 | 137,061 | ||||||
|
5.40%, 06/15/47 (Call 12/15/46) |
60 | 54,023 | ||||||
|
6.75%, 11/15/39 |
29 | 30,284 | ||||||
|
6.80%, 09/15/37 |
25 | 25,733 | ||||||
|
Chevron Corp., 3.08%, 05/11/50 (Call 11/11/49) |
105 | 75,741 | ||||||
|
Chevron USA Inc., 2.34%, 08/12/50 (Call 02/12/50) |
100 | 62,362 | ||||||
|
CNOOC Finance 2014 ULC, 4.88%, 04/30/44 |
200 | 184,436 | ||||||
|
CNOOC Petroleum North America ULC |
||||||||
|
5.88%, 03/10/35 |
100 | 102,379 | ||||||
|
7.50%, 07/30/39 |
100 | 119,763 | ||||||
|
ConocoPhillips Co. |
||||||||
|
3.76%, 03/15/42 (Call 09/15/41) |
30 | 24,616 | ||||||
| 60 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Oil & Gas (continued) |
||||||||
|
3.80%, 03/15/52 (Call 09/15/51) |
$ | 25 | $ | 19,830 | ||||
|
4.03%, 03/15/62 (Call 09/15/61) |
191 | 151,352 | ||||||
|
4.30%, 11/15/44 (Call 05/15/44) |
142 | 123,250 | ||||||
|
5.95%, 03/15/46 (Call 09/15/45) |
10 | 10,631 | ||||||
|
6.50%, 02/01/39 |
85 | 95,968 | ||||||
|
Continental Resources Inc./OK, 4.90%, 06/01/44 (Call 12/01/43) |
40 | 29,985 | ||||||
|
Devon Energy Corp. |
||||||||
|
4.75%, 05/15/42 (Call 11/15/41) |
74 | 61,497 | ||||||
|
5.00%, 06/15/45 (Call 12/15/44) |
95 | 80,603 | ||||||
|
5.60%, 07/15/41 (Call 01/15/41) |
95 | 87,596 | ||||||
|
Diamondback Energy Inc. |
||||||||
|
4.25%, 03/15/52 (Call 09/15/51) |
115 | 86,456 | ||||||
|
4.40%, 03/24/51 (Call 09/24/50) |
40 | 30,973 | ||||||
|
6.25%, 03/15/53 (Call 09/15/52) |
25 | 24,633 | ||||||
|
Ecopetrol SA |
||||||||
|
5.88%, 05/28/45 |
80 | 52,850 | ||||||
|
5.88%, 11/02/51 (Call 05/02/51) |
130 | 83,457 | ||||||
|
7.38%, 09/18/43 |
50 | 40,783 | ||||||
|
Eni SpA, 5.70%, 10/01/40(a) |
25 | 22,697 | ||||||
|
EOG Resources Inc., 3.90%, 04/01/35 (Call 10/01/34) |
155 | 136,922 | ||||||
|
Equinor ASA |
||||||||
|
3.25%, 11/18/49 (Call 05/18/49) |
15 | 11,082 | ||||||
|
3.70%, 04/06/50 (Call 10/06/49) |
90 | 72,270 | ||||||
|
3.95%, 05/15/43 |
62 | 52,420 | ||||||
|
4.25%, 11/23/41 |
50 | 44,569 | ||||||
|
4.80%, 11/08/43 |
70 | 66,559 | ||||||
|
5.10%, 08/17/40 |
5 | 4,970 | ||||||
|
Exxon Mobil Corp. |
||||||||
|
3.00%, 08/16/39 (Call 02/16/39) |
30 | 23,044 | ||||||
|
3.45%, 04/15/51 (Call 10/15/50)(c) |
240 | 183,007 | ||||||
|
3.57%, 03/06/45 (Call 09/06/44) |
116 | 91,914 | ||||||
|
4.11%, 03/01/46 (Call 09/01/45) |
180 | 154,033 | ||||||
|
4.23%, 03/19/40 (Call 09/19/39) |
95 | 85,375 | ||||||
|
4.33%, 03/19/50 (Call 09/19/49) |
245 | 217,469 | ||||||
|
Hess Corp. |
||||||||
|
5.60%, 02/15/41 |
65 | 60,859 | ||||||
|
5.80%, 04/01/47 (Call 10/01/46)(c) |
75 | 71,188 | ||||||
|
6.00%, 01/15/40 |
50 | 49,142 | ||||||
|
KazMunayGas National Co. JSC, 6.38%, 10/24/48(f) |
250 | 211,740 | ||||||
|
Marathon Oil Corp. |
||||||||
|
5.20%, 06/01/45 (Call 12/01/44) |
50 | 42,116 | ||||||
|
6.60%, 10/01/37 |
61 | 60,767 | ||||||
|
Marathon Petroleum Corp. |
||||||||
|
4.75%, 09/15/44 (Call 03/15/44) |
35 | 29,211 | ||||||
|
5.00%, 09/15/54 (Call 03/15/54) |
70 | 59,020 | ||||||
|
6.50%, 03/01/41 (Call 09/01/40) |
83 | 85,785 | ||||||
|
Motiva Enterprises LLC, 6.85%, 01/15/40(a) |
50 | 52,474 | ||||||
|
Murphy Oil Corp., 6.13%, 12/01/42 (Call 06/01/42) |
25 | 19,790 | ||||||
|
Occidental Petroleum Corp. |
||||||||
|
4.30%, 08/15/39 (Call 02/15/39)(c) |
25 | 19,659 | ||||||
|
4.40%, 04/15/46 (Call 10/15/45) |
55 | 42,292 | ||||||
|
4.40%, 08/15/49 (Call 02/15/49) |
25 | 19,329 | ||||||
|
4.50%, 07/15/44 (Call 01/15/44) |
40 | 31,532 | ||||||
|
4.63%, 06/15/45 (Call 12/15/44) |
20 | 15,800 | ||||||
|
6.20%, 03/15/40 |
49 | 48,037 | ||||||
|
6.45%, 09/15/36 |
115 | 115,327 | ||||||
|
6.60%, 03/15/46 (Call 09/15/45) |
70 | 71,235 | ||||||
|
7.95%, 06/15/39 |
20 | 22,024 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Oil & Gas (continued) |
||||||||
|
Ovintiv Inc. |
||||||||
|
6.50%, 02/01/38 |
$ | 40 | $ | 39,328 | ||||
|
6.63%, 08/15/37 |
25 | 24,767 | ||||||
|
Pertamina Persero PT |
||||||||
|
4.18%, 01/21/50 (Call 07/21/49)(f) |
400 | 312,084 | ||||||
|
5.63%, 05/20/43(f) |
200 | 187,636 | ||||||
|
Petrobras Global Finance BV |
||||||||
|
6.75%, 01/27/41 |
115 | 105,456 | ||||||
|
6.85%, 06/05/2115(c) |
120 | 100,216 | ||||||
|
6.88%, 01/20/40(c) |
40 | 37,356 | ||||||
|
6.90%, 03/19/49 |
50 | 44,190 | ||||||
|
7.25%, 03/17/44 |
110 | 104,323 | ||||||
|
Petroleos del Peru SA, 5.63%, 06/19/47(f) |
200 | 132,812 | ||||||
|
Petroleos Mexicanos |
||||||||
|
5.50%, 06/27/44 |
50 | 29,703 | ||||||
|
5.63%, 01/23/46 |
100 | 59,207 | ||||||
|
6.35%, 02/12/48(c) |
100 | 62,264 | ||||||
|
6.38%, 01/23/45 |
85 | 53,927 | ||||||
|
6.50%, 06/02/41 |
155 | 104,222 | ||||||
|
6.63%, 06/15/35 |
150 | 110,413 | ||||||
|
6.75%, 09/21/47 |
340 | 220,456 | ||||||
|
6.95%, 01/28/60 (Call 07/28/59) |
210 | 135,047 | ||||||
|
7.69%, 01/23/50 (Call 07/23/49) |
550 | 388,674 | ||||||
|
Petronas Capital Ltd. |
||||||||
|
4.50%, 03/18/45(f) |
200 | 183,188 | ||||||
|
4.55%, 04/21/50 (Call 10/21/49)(f) |
300 | 274,263 | ||||||
|
Phillips 66 |
||||||||
|
3.30%, 03/15/52 (Call 09/15/51) |
55 | 37,876 | ||||||
|
4.68%, 02/15/45 (Call 08/15/44)(a) |
115 | 100,615 | ||||||
|
4.88%, 11/15/44 (Call 05/15/44) |
125 | 113,922 | ||||||
|
4.90%, 10/01/46 (Call 04/01/46)(a) |
35 | 30,925 | ||||||
|
5.88%, 05/01/42 |
60 | 62,234 | ||||||
|
Qatar Petroleum |
||||||||
|
3.13%, 07/12/41 (Call 01/12/41)(f) |
400 | 304,540 | ||||||
|
3.30%, 07/12/51 (Call 01/12/51)(f) |
200 | 146,420 | ||||||
|
Saudi Arabian Oil Co. |
||||||||
|
3.25%, 11/24/50 (Call 05/24/50)(f) |
200 | 137,238 | ||||||
|
3.50%, 11/24/70 (Call 05/24/70)(f) |
200 | 131,938 | ||||||
|
4.25%, 04/16/39(f) |
200 | 175,852 | ||||||
|
4.38%, 04/16/49(f) |
200 | 168,726 | ||||||
|
Shell International Finance BV |
||||||||
|
2.88%, 11/26/41 (Call 05/26/41) |
25 | 18,361 | ||||||
|
3.00%, 11/26/51 (Call 05/26/51) |
50 | 34,545 | ||||||
|
3.13%, 11/07/49 (Call 05/07/49) |
151 | 108,154 | ||||||
|
3.25%, 04/06/50 (Call 10/06/49) |
150 | 110,308 | ||||||
|
3.63%, 08/21/42 |
50 | 40,660 | ||||||
|
3.75%, 09/12/46 |
65 | 51,703 | ||||||
|
4.00%, 05/10/46 |
155 | 128,571 | ||||||
|
4.13%, 05/11/35 |
177 | 162,882 | ||||||
|
4.38%, 05/11/45 |
185 | 163,601 | ||||||
|
5.50%, 03/25/40 |
95 | 97,698 | ||||||
|
6.38%, 12/15/38 |
186 | 206,261 | ||||||
|
Sinopec
Group Overseas Development 2015 Ltd., |
200 | 173,366 | ||||||
|
Sinopec
Group Overseas Development 2017 Ltd., |
300 | 264,363 | ||||||
|
Suncor Energy Inc. |
||||||||
|
3.75%, 03/04/51 (Call 09/04/50) |
50 | 36,746 | ||||||
|
4.00%, 11/15/47 (Call 05/15/47) |
49 | 38,235 | ||||||
|
6.50%, 06/15/38 |
100 | 102,661 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Oil & Gas (continued) |
||||||||
|
6.80%, 05/15/38 |
$ | 60 | $ | 63,974 | ||||
|
6.85%, 06/01/39 |
40 | 42,805 | ||||||
|
Thaioil
Treasury Center Co. Ltd., |
200 | 122,134 | ||||||
|
TotalEnergies Capital International SA |
||||||||
|
2.99%, 06/29/41 (Call 12/29/40) |
90 | 66,947 | ||||||
|
3.13%, 05/29/50 (Call 11/29/49) |
161 | 114,857 | ||||||
|
3.39%, 06/29/60 (Call 12/29/59) |
15 | 10,735 | ||||||
|
3.46%, 07/12/49 (Call 01/12/49) |
100 | 76,507 | ||||||
|
Transocean Inc. |
||||||||
|
6.80%, 03/15/38 |
45 | 30,887 | ||||||
|
9.35%, 12/15/41 |
10 | 8,021 | ||||||
|
Valero Energy Corp. |
||||||||
|
3.65%, 12/01/51 (Call 06/01/51) |
25 | 17,764 | ||||||
|
4.90%, 03/15/45(c) |
135 | 121,003 | ||||||
|
6.63%, 06/15/37 |
100 | 106,301 | ||||||
|
YPF SA, 7.00%, 12/15/47 (Call 06/15/47)(f) |
70 | 46,351 | ||||||
|
|
|
|||||||
| 11,626,982 | ||||||||
| Oil & Gas Services — 0.2% | ||||||||
|
Baker Hughes Holdings LLC, 5.13%, 09/15/40 |
70 | 66,004 | ||||||
|
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., |
||||||||
|
4.08%, 12/15/47 (Call 06/15/47) |
98 | 77,365 | ||||||
|
Halliburton Co. |
||||||||
|
4.50%, 11/15/41 (Call 05/15/41) |
50 | 41,877 | ||||||
|
4.75%, 08/01/43 (Call 02/01/43) |
83 | 71,292 | ||||||
|
4.85%, 11/15/35 (Call 05/15/35) |
86 | 80,173 | ||||||
|
5.00%, 11/15/45 (Call 05/15/45) |
100 | 88,218 | ||||||
|
6.70%, 09/15/38 |
58 | 62,192 | ||||||
|
7.45%, 09/15/39 |
50 | 56,805 | ||||||
|
NOV Inc., 3.95%, 12/01/42 (Call 06/01/42) |
84 | 60,889 | ||||||
|
|
|
|||||||
| 604,815 | ||||||||
| Packaging & Containers — 0.0% | ||||||||
|
Packaging Corp. of America, 4.05%, 12/15/49 (Call 06/15/49) |
60 | 47,300 | ||||||
|
Sealed Air Corp., 6.88%, 07/15/33(a) |
30 | 30,646 | ||||||
|
Sonoco Products Co., 5.75%, 11/01/40 (Call 05/01/40) |
20 | 20,018 | ||||||
|
|
|
|||||||
| 97,964 | ||||||||
| Pharmaceuticals — 3.0% | ||||||||
|
AbbVie Inc. |
||||||||
|
4.05%, 11/21/39 (Call 05/21/39) |
400 | 338,164 | ||||||
|
4.25%, 11/21/49 (Call 05/21/49) |
290 | 241,344 | ||||||
|
4.30%, 05/14/36 (Call 11/14/35) |
95 | 85,335 | ||||||
|
4.40%, 11/06/42 |
190 | 164,798 | ||||||
|
4.45%, 05/14/46 (Call 11/14/45) |
126 | 107,870 | ||||||
|
4.50%, 05/14/35 (Call 11/14/34) |
245 | 227,218 | ||||||
|
4.55%, 03/15/35 (Call 09/15/34) |
199 | 185,020 | ||||||
|
4.70%, 05/14/45 (Call 11/14/44) |
200 | 177,188 | ||||||
|
4.75%, 03/15/45 (Call 09/15/44) |
70 | 62,687 | ||||||
|
4.85%, 06/15/44 (Call 12/15/43) |
60 | 54,500 | ||||||
|
4.88%, 11/14/48 (Call 05/14/48) |
25 | 22,897 | ||||||
|
AmerisourceBergen Corp. |
||||||||
|
4.25%, 03/01/45 (Call 09/01/44) |
35 | 29,152 | ||||||
|
4.30%, 12/15/47 (Call 06/15/47) |
75 | 62,978 | ||||||
|
AstraZeneca PLC |
||||||||
|
2.13%, 08/06/50 (Call 02/06/50) |
15 | 8,945 | ||||||
|
4.00%, 09/18/42 |
76 | 66,378 | ||||||
|
4.38%, 11/16/45 |
93 | 84,307 | ||||||
|
4.38%, 08/17/48 (Call 02/17/48) |
54 | 48,844 | ||||||
|
6.45%, 09/15/37 |
235 | 264,998 | ||||||
|
Bayer U.S. Finance II LLC |
||||||||
|
3.95%, 04/15/45 (Call 10/15/44)(a) |
148 | 108,120 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Pharmaceuticals (continued) |
||||||||
|
4.40%, 07/15/44 (Call 01/15/44)(a) |
$ | 95 | $ | 76,021 | ||||
|
4.70%, 07/15/64 (Call 01/15/64)(a) |
81 | 64,244 | ||||||
|
5.50%, 07/30/35(a) |
15 | 14,476 | ||||||
|
Becton Dickinson and Co. |
||||||||
|
4.67%, 06/06/47 (Call 12/06/46) |
118 | 103,714 | ||||||
|
4.69%, 12/15/44 (Call 06/15/44) |
48 | 42,567 | ||||||
|
Bristol-Myers Squibb Co. |
||||||||
|
2.35%, 11/13/40 (Call 05/13/40) |
80 | 54,626 | ||||||
|
2.55%, 11/13/50 (Call 05/13/50) |
65 | 41,106 | ||||||
|
3.25%, 08/01/42 |
130 | 99,819 | ||||||
|
3.55%, 03/15/42 (Call 09/15/41) |
5 | 4,058 | ||||||
|
3.70%, 03/15/52 (Call 09/15/51) |
65 | 51,292 | ||||||
|
3.90%, 03/15/62 (Call 09/15/61) |
5 | 3,915 | ||||||
|
4.13%, 06/15/39 (Call 12/15/38) |
150 | 133,978 | ||||||
|
4.25%, 10/26/49 (Call 04/26/49) |
240 | 207,209 | ||||||
|
4.35%, 11/15/47 (Call 05/15/47) |
140 | 123,256 | ||||||
|
4.55%, 02/20/48 (Call 08/20/47) |
55 | 49,990 | ||||||
|
4.63%, 05/15/44 (Call 11/15/43) |
230 | 212,810 | ||||||
|
Cardinal Health Inc. |
||||||||
|
4.37%, 06/15/47 (Call 12/15/46) |
51 | 40,970 | ||||||
|
4.50%, 11/15/44 (Call 05/15/44) |
50 | 41,475 | ||||||
|
4.60%, 03/15/43 |
40 | 33,808 | ||||||
|
4.90%, 09/15/45 (Call 03/15/45) |
20 | 17,317 | ||||||
|
Cigna Group (The) |
||||||||
|
3.20%, 03/15/40 (Call 09/15/39) |
80 | 59,680 | ||||||
|
3.40%, 03/15/50 (Call 09/15/49) |
100 | 70,352 | ||||||
|
3.40%, 03/15/51 (Call 09/15/50) |
105 | 73,868 | ||||||
|
3.88%, 10/15/47 (Call 04/15/47) |
155 | 118,513 | ||||||
|
4.80%, 08/15/38 (Call 02/15/38) |
84 | 77,204 | ||||||
|
4.80%, 07/15/46 (Call 01/16/46) |
85 | 74,831 | ||||||
|
4.90%, 12/15/48 (Call 06/15/48) |
100 | 89,990 | ||||||
|
6.13%, 11/15/41 |
131 | 140,212 | ||||||
|
CVS Health Corp. |
||||||||
|
2.70%, 08/21/40 (Call 02/21/40) |
80 | 54,110 | ||||||
|
4.13%, 04/01/40 (Call 10/01/39) |
25 | 20,480 | ||||||
|
4.25%, 04/01/50 (Call 10/01/49) |
70 | 55,873 | ||||||
|
4.78%, 03/25/38 (Call 09/25/37) |
307 | 278,658 | ||||||
|
4.88%, 07/20/35 (Call 01/20/35) |
240 | 225,595 | ||||||
|
5.05%, 03/25/48 (Call 09/25/47) |
466 | 417,741 | ||||||
|
5.13%, 07/20/45 (Call 01/20/45) |
141 | 127,038 | ||||||
|
5.30%, 12/05/43 (Call 06/05/43) |
137 | 127,657 | ||||||
|
5.63%, 02/21/53 (Call 08/21/52) |
40 | 38,711 | ||||||
|
Eli Lilly & Co. |
||||||||
|
2.25%, 05/15/50 (Call 11/15/49) |
120 | 75,432 | ||||||
|
2.50%, 09/15/60 (Call 03/15/60) |
110 | 66,680 | ||||||
|
3.95%, 03/15/49 (Call 09/15/48) |
20 | 17,704 | ||||||
|
4.15%, 03/15/59 (Call 09/15/58) |
75 | 65,402 | ||||||
|
4.88%, 02/27/53 (Call 08/27/52) |
30 | 29,916 | ||||||
|
5.55%, 03/15/37 |
55 | 58,247 | ||||||
|
GlaxoSmithKline Capital Inc. |
||||||||
|
4.20%, 03/18/43 |
38 | 32,969 | ||||||
|
6.38%, 05/15/38 |
107 | 120,929 | ||||||
|
Johnson & Johnson |
||||||||
|
2.10%, 09/01/40 (Call 03/01/40) |
125 | 85,740 | ||||||
|
2.45%, 09/01/60 (Call 03/01/60) |
25 | 15,303 | ||||||
|
3.40%, 01/15/38 (Call 07/15/37) |
101 | 85,896 | ||||||
|
3.50%, 01/15/48 (Call 07/15/47) |
43 | 35,395 | ||||||
|
3.55%, 03/01/36 (Call 09/01/35) |
130 | 115,019 | ||||||
|
3.63%, 03/03/37 (Call 09/03/36) |
92 | 81,309 | ||||||
|
3.70%, 03/01/46 (Call 09/01/45) |
125 | 105,145 | ||||||
| 62 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Pharmaceuticals (continued) |
||||||||
|
3.75%, 03/03/47 (Call 09/03/46) |
$ | 70 | $ | 59,450 | ||||
|
4.50%, 09/01/40 |
60 | 57,667 | ||||||
|
4.50%, 12/05/43 (Call 06/05/43) |
85 | 82,381 | ||||||
|
5.85%, 07/15/38 |
130 | 144,309 | ||||||
|
Mead Johnson Nutrition Co. |
||||||||
|
4.60%, 06/01/44 (Call 12/01/43) |
45 | 40,408 | ||||||
|
5.90%, 11/01/39 |
20 | 20,930 | ||||||
|
Merck & Co. Inc. |
||||||||
|
2.35%, 06/24/40 (Call 12/24/39) |
25 | 17,359 | ||||||
|
2.45%, 06/24/50 (Call 12/24/49) |
200 | 127,228 | ||||||
|
2.75%, 12/10/51 (Call 06/10/51) |
130 | 86,759 | ||||||
|
2.90%, 12/10/61 (Call 06/10/61) |
110 | 70,549 | ||||||
|
3.60%, 09/15/42 (Call 03/15/42) |
61 | 49,680 | ||||||
|
3.70%, 02/10/45 (Call 08/10/44) |
175 | 143,890 | ||||||
|
4.00%, 03/07/49 (Call 09/07/48) |
50 | 42,699 | ||||||
|
4.15%, 05/18/43 |
180 | 160,601 | ||||||
|
Mylan Inc. |
||||||||
|
5.20%, 04/15/48 (Call 10/15/47) |
50 | 38,145 | ||||||
|
5.40%, 11/29/43 (Call 05/29/43) |
50 | 40,338 | ||||||
|
Novartis Capital Corp. |
||||||||
|
2.75%, 08/14/50 (Call 02/14/50) |
70 | 48,577 | ||||||
|
3.70%, 09/21/42 |
40 | 33,801 | ||||||
|
4.00%, 11/20/45 (Call 05/20/45) |
130 | 113,477 | ||||||
|
4.40%, 05/06/44 |
122 | 113,077 | ||||||
|
Perrigo Finance Unlimited Co., 4.90%, 12/15/44 (Call 06/15/44) |
25 | 17,521 | ||||||
|
Pfizer Inc. |
||||||||
|
2.55%, 05/28/40 (Call 11/28/39) |
35 | 25,214 | ||||||
|
2.70%, 05/28/50 (Call 11/28/49) |
75 | 51,241 | ||||||
|
3.90%, 03/15/39 (Call 09/15/38) |
45 | 39,319 | ||||||
|
4.00%, 12/15/36 |
115 | 105,105 | ||||||
|
4.00%, 03/15/49 (Call 09/15/48) |
75 | 64,829 | ||||||
|
4.10%, 09/15/38 (Call 03/15/38) |
80 | 72,135 | ||||||
|
4.13%, 12/15/46 |
107 | 93,689 | ||||||
|
4.20%, 09/15/48 (Call 03/15/48) |
95 | 84,566 | ||||||
|
4.30%, 06/15/43 |
50 | 45,451 | ||||||
|
4.40%, 05/15/44 |
130 | 120,004 | ||||||
|
5.60%, 09/15/40 |
30 | 31,292 | ||||||
|
7.20%, 03/15/39 |
130 | 158,363 | ||||||
|
Takeda Pharmaceutical Co. Ltd. |
||||||||
|
3.03%, 07/09/40 (Call 01/09/40) |
200 | 146,962 | ||||||
|
3.38%, 07/09/60 (Call 01/09/60) |
40 | 26,752 | ||||||
|
Teva
Pharmaceutical Finance Co. LLC, |
65 | 58,415 | ||||||
|
Teva
Pharmaceutical Finance Netherlands III BV, |
100 | 65,216 | ||||||
|
Utah
Acquisition Sub Inc., |
85 | 66,295 | ||||||
|
Viatris Inc. |
||||||||
|
3.85%, 06/22/40 (Call 12/22/39) |
105 | 71,658 | ||||||
|
4.00%, 06/22/50 (Call 12/22/49) |
125 | 80,576 | ||||||
|
Wyeth LLC |
||||||||
|
5.95%, 04/01/37 |
90 | 96,610 | ||||||
|
6.00%, 02/15/36 |
25 | 26,733 | ||||||
|
Zoetis Inc. |
||||||||
|
3.00%, 05/15/50 (Call 11/15/49) |
30 | 20,446 | ||||||
|
3.95%, 09/12/47 (Call 03/12/47) |
55 | 44,687 | ||||||
|
4.45%, 08/20/48 (Call 02/20/48) |
25 | 21,685 | ||||||
|
4.70%, 02/01/43 (Call 08/01/42) |
80 | 72,028 | ||||||
|
|
|
|||||||
| 9,997,110 | ||||||||
| Pipelines — 2.3% | ||||||||
|
Abu Dhabi Crude Oil Pipeline LLC, 4.60%, 11/02/47(f) |
200 | 182,270 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Pipelines (continued) |
||||||||
|
Buckeye Partners LP |
||||||||
|
5.60%, 10/15/44 (Call 04/15/44) |
$ | 20 | $ | 14,543 | ||||
|
5.85%, 11/15/43 (Call 05/15/43) |
40 | 29,958 | ||||||
|
6.75%, 08/15/33 |
10 | 8,831 | ||||||
|
Cameron LNG LLC |
||||||||
|
3.40%, 01/15/38 (Call 07/15/37)(a) |
40 | 33,645 | ||||||
|
3.70%, 01/15/39 (Call 07/15/38)(a) |
15 | 12,269 | ||||||
|
Cheniere
Corpus Christi Holdings LLC, |
60 | 47,385 | ||||||
|
Colonial
Pipeline Co., 4.20%, 04/15/43 |
5 | 4,023 | ||||||
|
Columbia
Pipeline Group Inc., 5.80%, 06/01/45 |
40 | 39,554 | ||||||
|
DCP Midstream Operating LP |
||||||||
|
5.60%, 04/01/44 (Call 10/01/43) |
30 | 28,038 | ||||||
|
6.45%, 11/03/36(a) |
35 | 35,506 | ||||||
|
6.75%, 09/15/37(a) |
35 | 36,654 | ||||||
|
Eastern Gas Transmission and Storage Inc. |
||||||||
|
4.60%, 12/15/44 (Call 06/15/44) |
20 | 16,702 | ||||||
|
4.80%, 11/01/43 (Call 05/01/43) |
40 | 34,840 | ||||||
|
EIG Pearl Holdings Sarl, 3.55%, 08/31/36(f) |
200 | 167,330 | ||||||
|
Enbridge Energy Partners LP |
||||||||
|
5.50%, 09/15/40 (Call 03/15/40) |
21 | 19,852 | ||||||
|
7.38%, 10/15/45 (Call 04/15/45) |
45 | 50,945 | ||||||
|
Series B, 7.50%, 04/15/38 |
5 | 5,601 | ||||||
|
Enbridge Inc. |
||||||||
|
3.40%, 08/01/51 (Call 02/01/51) |
35 | 24,024 | ||||||
|
4.00%, 11/15/49 (Call 05/15/49) |
25 | 19,381 | ||||||
|
4.50%, 06/10/44 (Call 12/10/43) |
105 | 87,924 | ||||||
|
5.50%, 12/01/46 (Call 05/29/46) |
53 | 50,196 | ||||||
|
Energy Transfer LP |
||||||||
|
4.90%, 03/15/35 (Call 09/15/34) |
45 | 40,360 | ||||||
|
4.95%, 01/15/43 (Call 07/15/42) |
35 | 28,516 | ||||||
|
5.00%, 05/15/44 (Call 11/15/43) |
25 | 20,621 | ||||||
|
5.00%, 05/15/50 (Call 11/15/49) |
180 | 147,800 | ||||||
|
5.15%, 02/01/43 (Call 08/01/42) |
15 | 12,611 | ||||||
|
5.15%, 03/15/45 (Call 09/15/44) |
55 | 46,063 | ||||||
|
5.30%, 04/01/44 (Call 10/01/43) |
41 | 35,194 | ||||||
|
5.30%, 04/15/47 (Call 10/15/46) |
60 | 50,954 | ||||||
|
5.35%, 05/15/45 (Call 11/15/44) |
55 | 46,920 | ||||||
|
5.40%, 10/01/47 (Call 04/01/47) |
84 | 72,267 | ||||||
|
5.95%, 10/01/43 (Call 04/01/43) |
45 | 41,806 | ||||||
|
6.00%, 06/15/48 (Call 12/15/47) |
70 | 64,409 | ||||||
|
6.05%, 06/01/41 (Call 12/01/40) |
10 | 9,590 | ||||||
|
6.10%, 02/15/42 |
40 | 37,579 | ||||||
|
6.13%, 12/15/45 (Call 06/15/45) |
130 | 121,566 | ||||||
|
6.25%, 04/15/49 (Call 10/15/48) |
100 | 95,055 | ||||||
|
6.50%, 02/01/42 (Call 08/01/41) |
65 | 64,669 | ||||||
|
6.63%, 10/15/36 |
30 | 30,426 | ||||||
|
7.50%, 07/01/38 |
30 | 32,527 | ||||||
|
EnLink Midstream Partners LP |
||||||||
|
5.05%, 04/01/45 (Call 10/01/44) |
29 | 22,272 | ||||||
|
5.45%, 06/01/47 (Call 12/01/46) |
50 | 39,569 | ||||||
|
5.60%, 04/01/44 (Call 10/01/43) |
15 | 12,314 | ||||||
|
Enterprise Products Operating LLC |
||||||||
|
3.20%, 02/15/52 (Call 08/15/51) |
45 | 29,992 | ||||||
|
3.30%, 02/15/53 (Call 08/15/52) |
5 | 3,395 | ||||||
|
4.20%, 01/31/50 (Call 07/31/49) |
105 | 84,231 | ||||||
|
4.25%, 02/15/48 (Call 08/15/47) |
120 | 97,434 | ||||||
|
4.45%, 02/15/43 (Call 08/15/42) |
89 | 76,018 | ||||||
|
4.80%, 02/01/49 (Call 08/01/48) |
55 | 48,162 | ||||||
|
4.85%, 08/15/42 (Call 02/15/42) |
68 | 60,973 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Pipelines (continued) |
||||||||
|
4.85%, 03/15/44 (Call 09/15/43) |
$ | 60 | $ | 53,381 | ||||
|
4.90%, 05/15/46 (Call 11/15/45) |
80 | 70,254 | ||||||
|
4.95%, 10/15/54 (Call 04/15/54) |
15 | 13,109 | ||||||
|
5.10%, 02/15/45 (Call 08/15/44) |
89 | 81,426 | ||||||
|
5.70%, 02/15/42 |
70 | 68,930 | ||||||
|
5.95%, 02/01/41 |
82 | 83,031 | ||||||
|
6.13%, 10/15/39 |
65 | 67,948 | ||||||
|
6.45%, 09/01/40 |
60 | 63,668 | ||||||
|
7.55%, 04/15/38 |
131 | 147,971 | ||||||
|
EQM
Midstream Partners LP, 6.50%, 07/15/48 |
40 | 29,820 | ||||||
|
Flex
Intermediate Holdco LLC, 4.32%, 12/30/39 |
35 | 25,897 | ||||||
|
Galaxy Pipeline Assets Bidco Ltd. |
||||||||
|
2.16%, 03/31/34(f) |
185 | 156,330 | ||||||
|
2.94%, 09/30/40(f) |
193 | 152,615 | ||||||
|
3.25%, 09/30/40(f) |
200 | 153,044 | ||||||
|
Greensaif Pipelines Bidco Sarl, 6.13%, 02/23/38 |
200 | 200,648 | ||||||
|
Kinder Morgan Energy Partners LP |
||||||||
|
4.70%, 11/01/42 (Call 05/01/42) |
55 | 45,725 | ||||||
|
5.00%, 08/15/42 (Call 02/15/42) |
60 | 51,272 | ||||||
|
5.00%, 03/01/43 (Call 09/01/42) |
60 | 50,733 | ||||||
|
5.40%, 09/01/44 (Call 03/01/44) |
85 | 76,151 | ||||||
|
5.50%, 03/01/44 (Call 09/01/43) |
55 | 49,507 | ||||||
|
6.38%, 03/01/41 |
45 | 44,887 | ||||||
|
6.50%, 02/01/37 |
5 | 5,050 | ||||||
|
6.50%, 09/01/39 |
50 | 50,932 | ||||||
|
6.55%, 09/15/40 |
140 | 140,136 | ||||||
|
6.95%, 01/15/38 |
43 | 45,856 | ||||||
|
7.50%, 11/15/40 |
5 | 5,493 | ||||||
|
Kinder Morgan Inc. |
||||||||
|
3.25%, 08/01/50 (Call 02/01/50) |
75 | 47,452 | ||||||
|
3.60%, 02/15/51 (Call 08/15/50) |
30 | 20,291 | ||||||
|
5.05%, 02/15/46 (Call 08/15/45) |
5 | 4,220 | ||||||
|
5.20%, 03/01/48 (Call 09/01/47) |
75 | 65,119 | ||||||
|
5.45%, 08/01/52 (Call 02/01/52) |
70 | 62,420 | ||||||
|
5.55%, 06/01/45 (Call 12/01/44) |
55 | 49,838 | ||||||
|
Magellan Midstream Partners LP |
||||||||
|
3.95%, 03/01/50 (Call 09/01/49) |
30 | 22,057 | ||||||
|
4.20%, 10/03/47 (Call 04/03/47) |
30 | 22,930 | ||||||
|
4.25%, 09/15/46 (Call 03/15/46) |
55 | 42,301 | ||||||
|
4.85%, 02/01/49 (Call 08/01/48) |
30 | 25,401 | ||||||
|
5.15%, 10/15/43 (Call 04/15/43) |
70 | 61,566 | ||||||
|
MPLX LP |
||||||||
|
4.50%, 04/15/38 (Call 10/15/37) |
120 | 102,523 | ||||||
|
4.70%, 04/15/48 (Call 10/15/47) |
115 | 92,592 | ||||||
|
4.90%, 04/15/58 (Call 10/15/57) |
75 | 60,049 | ||||||
|
4.95%, 03/14/52 (Call 09/14/51) |
75 | 62,392 | ||||||
|
5.20%, 03/01/47 (Call 09/01/46) |
125 | 108,237 | ||||||
|
5.20%, 12/01/47 (Call 06/01/47) |
40 | 34,421 | ||||||
|
5.50%, 02/15/49 (Call 08/15/48) |
72 | 64,466 | ||||||
|
NGPL PipeCo LLC, 7.77%, 12/15/37(a) |
35 | 37,774 | ||||||
|
Northern Natural Gas Co. |
||||||||
|
3.40%, 10/16/51 (Call 04/16/51)(a) |
50 | 34,811 | ||||||
|
4.30%, 01/15/49 (Call 07/15/48)(a) |
100 | 81,005 | ||||||
|
ONEOK Inc. |
||||||||
|
4.45%, 09/01/49 (Call 03/01/49) |
60 | 45,094 | ||||||
|
4.50%, 03/15/50 (Call 09/15/49) |
10 | 7,620 | ||||||
|
4.95%, 07/13/47 (Call 01/06/47) |
55 | 45,108 | ||||||
|
5.20%, 07/15/48 (Call 01/15/48) |
70 | 59,475 | ||||||
|
7.15%, 01/15/51 (Call 07/15/50) |
15 | 15,716 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Pipelines (continued) |
||||||||
|
ONEOK Partners LP |
||||||||
|
6.13%, 02/01/41 (Call 08/01/40) |
$ | 50 | $ | 48,275 | ||||
|
6.20%, 09/15/43 (Call 03/15/43) |
25 | 24,161 | ||||||
|
6.65%, 10/01/36 |
75 | 76,019 | ||||||
|
6.85%, 10/15/37 |
40 | 41,442 | ||||||
|
Plains All American Pipeline LP/PAA Finance Corp. |
||||||||
|
4.70%, 06/15/44 (Call 12/15/43) |
50 | 38,639 | ||||||
|
4.90%, 02/15/45 (Call 08/15/44) |
70 | 55,228 | ||||||
|
5.15%, 06/01/42 (Call 12/01/41) |
45 | 36,965 | ||||||
|
Rockies Express Pipeline LLC |
||||||||
|
6.88%, 04/15/40(a) |
35 | 28,821 | ||||||
|
7.50%, 07/15/38(a) |
20 | 18,117 | ||||||
|
Sabal Trail Transmission LLC |
||||||||
|
4.68%, 05/01/38 (Call 11/01/37)(a) |
55 | 50,521 | ||||||
|
4.83%, 05/01/48 (Call 11/01/47)(a) |
20 | 17,870 | ||||||
|
Sabine
Pass Liquefaction LLC, 5.90%, 09/15/37 |
75 | 74,902 | ||||||
|
Southern
Natural Gas Co. LLC, 4.80%, 03/15/47 |
45 | 37,353 | ||||||
|
Spectra Energy Partners LP |
||||||||
|
4.50%, 03/15/45 (Call 09/15/44) |
55 | 45,525 | ||||||
|
5.95%, 09/25/43 (Call 03/25/43) |
35 | 34,504 | ||||||
|
Targa Resources Corp. |
||||||||
|
4.95%, 04/15/52 (Call 10/15/51) |
30 | 24,045 | ||||||
|
6.25%, 07/01/52 (Call 01/01/52) |
85 | 80,957 | ||||||
|
6.50%, 02/15/53 (Call 08/15/52) |
25 | 24,600 | ||||||
|
Tennessee Gas Pipeline Co. LLC, 7.63%, 04/01/37 |
50 | 54,903 | ||||||
|
Texas
Eastern Transmission LP, 4.15%, 01/15/48 |
39 | 31,347 | ||||||
|
TransCanada PipeLines Ltd. |
||||||||
|
4.75%, 05/15/38 (Call 11/15/37) |
45 | 40,194 | ||||||
|
4.88%, 05/15/48 (Call 11/15/47) |
115 | 100,911 | ||||||
|
5.00%, 10/16/43 (Call 04/16/43) |
80 | 71,554 | ||||||
|
5.10%, 03/15/49 (Call 09/15/48) |
46 | 41,839 | ||||||
|
5.85%, 03/15/36 |
5 | 4,956 | ||||||
|
6.10%, 06/01/40 |
70 | 70,843 | ||||||
|
6.20%, 10/15/37 |
95 | 97,893 | ||||||
|
7.25%, 08/15/38 |
45 | 49,873 | ||||||
|
7.63%, 01/15/39 |
84 | 97,235 | ||||||
|
Transcontinental Gas Pipe Line Co. LLC |
||||||||
|
3.95%, 05/15/50 (Call 11/15/49) |
40 | 30,980 | ||||||
|
4.60%, 03/15/48 (Call 09/15/47) |
60 | 51,328 | ||||||
|
Venture Global Calcasieu Pass LLC, 3.88%, 11/01/33 (Call 05/01/33)(a) |
85 | 69,329 | ||||||
|
Western Midstream Operating LP |
||||||||
|
5.30%, 03/01/48 (Call 09/01/47) |
46 | 37,962 | ||||||
|
5.45%, 04/01/44 (Call 10/01/43) |
40 | 33,596 | ||||||
|
5.50%, 08/15/48 (Call 02/15/48) |
20 | 16,729 | ||||||
|
5.50%, 02/01/50 (Call 08/01/49) |
70 | 57,145 | ||||||
|
Williams Companies Inc. (The) |
||||||||
|
4.85%, 03/01/48 (Call 09/01/47) |
75 | 64,336 | ||||||
|
4.90%, 01/15/45 (Call 07/15/44) |
50 | 42,586 | ||||||
|
5.10%, 09/15/45 (Call 03/15/45) |
90 | 79,113 | ||||||
|
5.30%, 08/15/52 (Call 02/15/52) |
15 | 13,555 | ||||||
|
5.40%, 03/04/44 (Call 09/04/43) |
60 | 55,317 | ||||||
|
5.75%, 06/24/44 (Call 12/24/43) |
105 | 100,005 | ||||||
|
5.80%, 11/15/43 (Call 05/15/43) |
15 | 14,468 | ||||||
|
6.30%, 04/15/40 |
50 | 51,242 | ||||||
|
|
|
|||||||
| 7,768,639 | ||||||||
| 64 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Private Equity — 0.1% |
||||||||
|
Apollo Management Holdings LP, 5.00%, 03/15/48 (Call 09/15/47)(a) |
$ | 35 | $ | 31,503 | ||||
|
Carlyle
Finance LLC, 5.65%, 09/15/48 |
25 | 23,152 | ||||||
|
Carlyle Holdings II Finance LLC, 5.63%, 03/30/43(a) |
50 | 45,946 | ||||||
|
KKR Group Finance Co. III LLC, 5.13%, 06/01/44 (Call 12/01/43)(a) |
70 | 61,774 | ||||||
|
KKR Group Finance Co. VII LLC, 3.63%, 02/25/50 (Call 08/25/49)(a) |
100 | 69,768 | ||||||
|
KKR
Group Finance Co. VIII LLC, 3.50%, 08/25/50 |
50 | 33,786 | ||||||
|
|
|
|||||||
| 265,929 | ||||||||
| Real Estate Investment Trusts — 0.6% | ||||||||
|
Alexandria Real Estate Equities Inc. |
||||||||
|
3.00%, 05/18/51 (Call 11/18/50) |
95 | 61,065 | ||||||
|
3.55%, 03/15/52 (Call 09/15/51) |
65 | 46,516 | ||||||
|
4.00%, 02/01/50 (Call 08/01/49) |
100 | 77,411 | ||||||
|
American Homes 4 Rent LP, 4.30%, 04/15/52 (Call 10/15/51) |
30 | 23,038 | ||||||
|
American Tower Corp. |
||||||||
|
2.95%, 01/15/51 (Call 07/15/50) |
30 | 18,118 | ||||||
|
3.10%, 06/15/50 (Call 12/15/49) |
115 | 71,552 | ||||||
|
3.70%, 10/15/49 (Call 04/15/49) |
75 | 52,333 | ||||||
|
AvalonBay Communities Inc. |
||||||||
|
3.90%, 10/15/46 (Call 04/15/46) |
20 | 15,618 | ||||||
|
4.15%, 07/01/47 (Call 01/01/47) |
70 | 57,181 | ||||||
|
4.35%, 04/15/48 (Call 10/15/47) |
35 | 29,489 | ||||||
|
Camden Property Trust, 3.35%, 11/01/49 (Call 05/01/49) |
25 | 17,967 | ||||||
|
Crown Castle Inc. |
||||||||
|
2.90%, 04/01/41 (Call 10/01/40) |
10 | 6,798 | ||||||
|
3.25%, 01/15/51 (Call 07/15/50) |
161 | 105,634 | ||||||
|
4.75%, 05/15/47 (Call 11/15/46) |
26 | 21,975 | ||||||
|
Crown Castle International Corp. |
||||||||
|
4.00%, 11/15/49 (Call 05/15/49) |
60 | 45,578 | ||||||
|
5.20%, 02/15/49 (Call 08/15/48) |
55 | 50,232 | ||||||
|
Equinix Inc. |
||||||||
|
2.95%, 09/15/51 (Call 03/15/51) |
55 | 34,264 | ||||||
|
3.00%, 07/15/50 (Call 01/15/50) |
80 | 51,116 | ||||||
|
ERP Operating LP |
||||||||
|
4.00%, 08/01/47 (Call 02/01/47) |
20 | 16,020 | ||||||
|
4.50%, 07/01/44 (Call 01/01/44) |
35 | 30,913 | ||||||
|
4.50%, 06/01/45 (Call 12/01/44) |
80 | 68,427 | ||||||
|
Essex Portfolio LP |
||||||||
|
2.65%, 09/01/50 (Call 03/01/50) |
10 | 5,829 | ||||||
|
4.50%, 03/15/48 (Call 09/15/47) |
65 | 53,865 | ||||||
|
Federal Realty Investment Trust, 4.50%, 12/01/44 (Call 06/01/44) |
55 | 44,047 | ||||||
|
Healthpeak Properties Interim Inc., 6.75%, 02/01/41 (Call 08/01/40) |
15 | 15,780 | ||||||
|
Kimco Realty Corp. |
||||||||
|
3.70%, 10/01/49 (Call 04/01/49) |
10 | 7,065 | ||||||
|
4.13%, 12/01/46 (Call 06/01/46) |
55 | 41,100 | ||||||
|
4.25%, 04/01/45 (Call 10/01/44) |
25 | 19,250 | ||||||
|
4.45%, 09/01/47 (Call 03/01/47) |
50 | 40,234 | ||||||
|
National Retail Properties Inc. |
||||||||
|
3.10%, 04/15/50 (Call 10/15/49) |
80 | 51,059 | ||||||
|
4.80%, 10/15/48 (Call 04/25/48) |
15 | 12,758 | ||||||
|
Prologis LP |
||||||||
|
2.13%, 10/15/50 (Call 04/15/50) |
40 | 22,551 | ||||||
|
3.00%, 04/15/50 (Call 10/15/49) |
50 | 34,047 | ||||||
|
3.05%, 03/01/50 (Call 09/01/49) |
25 | 17,263 | ||||||
|
Realty Income Corp., 4.65%, 03/15/47 (Call 09/15/46) |
55 | 50,014 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Real Estate Investment Trusts (continued) |
||||||||
|
Regency Centers LP |
||||||||
|
4.40%, 02/01/47 (Call 08/01/46) |
$ | 80 | $ | 64,088 | ||||
|
4.65%, 03/15/49 (Call 09/15/48) |
20 | 16,543 | ||||||
|
Simon Property Group LP |
||||||||
|
3.25%, 09/13/49 (Call 03/13/49) |
25 | 17,225 | ||||||
|
3.80%, 07/15/50 (Call 01/15/50) |
65 | 48,846 | ||||||
|
4.25%, 10/01/44 (Call 04/01/44) |
40 | 32,508 | ||||||
|
4.25%, 11/30/46 (Call 05/30/46) |
35 | 28,490 | ||||||
|
4.75%, 03/15/42 (Call 09/15/41) |
25 | 22,003 | ||||||
|
6.75%, 02/01/40 (Call 11/01/39) |
31 | 34,529 | ||||||
|
Trust Fibra Uno, 6.95%, 01/30/44 (Call 07/30/43)(f) |
200 | 175,054 | ||||||
|
Ventas Realty LP |
||||||||
|
4.38%, 02/01/45 (Call 08/01/44) |
20 | 15,972 | ||||||
|
4.88%, 04/15/49 (Call 10/15/48) |
60 | 51,200 | ||||||
|
5.70%, 09/30/43 (Call 03/30/43) |
50 | 47,128 | ||||||
|
VICI Properties LP, 5.63%, 05/15/52 (Call 11/15/51) |
55 | 48,913 | ||||||
|
WEA
Finance LLC, 4.63%, 09/20/48 |
100 | 68,854 | ||||||
|
Welltower OP LLC, 6.50%, 03/15/41 (Call 09/15/40) |
40 | 41,214 | ||||||
|
Weyerhaeuser Co., 4.00%, 03/09/52 (Call 09/09/51) |
40 | 31,239 | ||||||
|
|
|
|||||||
| 2,059,913 | ||||||||
| Retail — 1.5% | ||||||||
|
7-Eleven Inc. |
||||||||
|
2.50%, 02/10/41 (Call 09/10/40)(a) |
75 | 49,095 | ||||||
|
2.80%, 02/10/51 (Call 08/10/50)(a) |
100 | 61,977 | ||||||
|
Alimentation Couche-Tard Inc., 4.50%, 07/26/47 (Call 01/26/47)(a) |
100 | 79,851 | ||||||
|
Bath & Body Works Inc. |
||||||||
|
6.75%, 07/01/36 |
60 | 51,857 | ||||||
|
6.88%, 11/01/35 |
65 | 57,255 | ||||||
|
6.95%, 03/01/33 |
15 | 13,074 | ||||||
|
7.60%, 07/15/37 |
10 | 8,478 | ||||||
|
Bed Bath & Beyond Inc. |
||||||||
|
4.92%, 08/01/34 (Call 02/01/34) |
15 | 1,801 | ||||||
|
5.17%, 08/01/44 (Call 02/01/44) |
35 | 4,056 | ||||||
|
CK Hutchison International 20 Ltd., 3.38%, 05/08/50 (Call 11/08/49)(a) |
200 | 147,754 | ||||||
|
Darden Restaurants Inc., 4.55%, 02/15/48 (Call 08/15/47) |
30 | 24,648 | ||||||
|
Dick’s Sporting Goods Inc., 4.10%, 01/15/52 (Call 07/15/51) |
60 | 39,722 | ||||||
|
Dollar General Corp., 4.13%, 04/03/50 (Call 10/03/49) |
50 | 39,635 | ||||||
|
Dollar Tree Inc., 3.38%, 12/01/51 (Call 06/01/51) |
10 | 6,675 | ||||||
|
Home Depot Inc. (The) |
||||||||
|
2.75%, 09/15/51 (Call 03/15/51) |
25 | 16,280 | ||||||
|
3.13%, 12/15/49 (Call 06/15/49) |
80 | 56,557 | ||||||
|
3.30%, 04/15/40 (Call 10/15/39) |
60 | 47,808 | ||||||
|
3.35%, 04/15/50 (Call 10/15/49) |
80 | 59,335 | ||||||
|
3.50%, 09/15/56 (Call 03/15/56) |
65 | 48,741 | ||||||
|
3.63%, 04/15/52 (Call 10/15/51) |
90 | 69,208 | ||||||
|
3.90%, 06/15/47 (Call 12/15/46) |
127 | 104,863 | ||||||
|
4.20%, 04/01/43 (Call 10/01/42) |
135 | 118,147 | ||||||
|
4.25%, 04/01/46 (Call 10/01/45) |
85 | 73,612 | ||||||
|
4.40%, 03/15/45 (Call 09/15/44) |
93 | 82,460 | ||||||
|
4.50%, 12/06/48 (Call 06/06/48) |
105 | 94,419 | ||||||
|
4.88%, 02/15/44 (Call 08/15/43) |
114 | 109,316 | ||||||
|
5.40%, 09/15/40 (Call 03/15/40) |
96 | 97,308 | ||||||
|
5.88%, 12/16/36 |
203 | 217,009 | ||||||
|
5.95%, 04/01/41 (Call 10/01/40) |
97 | 104,014 | ||||||
|
Kohl’s Corp., 5.55%, 07/17/45 (Call 01/17/45)(c) |
30 | 19,338 | ||||||
|
Lowe’s Companies Inc. |
||||||||
|
2.80%, 09/15/41 (Call 03/15/41) |
115 | 77,848 | ||||||
|
3.00%, 10/15/50 (Call 04/15/50) |
75 | 47,665 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Retail (continued) |
||||||||
|
3.50%, 04/01/51 (Call 10/01/50) |
$ | 10 | $ | 7,027 | ||||
|
3.70%, 04/15/46 (Call 10/15/45) |
73 | 53,951 | ||||||
|
4.05%, 05/03/47 (Call 11/03/46) |
95 | 74,177 | ||||||
|
4.25%, 04/01/52 (Call 10/01/51) |
65 | 51,160 | ||||||
|
4.38%, 09/15/45 (Call 03/15/45) |
53 | 43,325 | ||||||
|
4.45%, 04/01/62 (Call 10/01/61) |
80 | 62,463 | ||||||
|
4.65%, 04/15/42 (Call 10/15/41) |
165 | 143,332 | ||||||
|
5.13%, 04/15/50 (Call 10/15/49) |
90 | 81,789 | ||||||
|
5.50%, 10/15/35 |
95 | 94,549 | ||||||
|
5.63%, 04/15/53 (Call 10/15/52) |
45 | 43,206 | ||||||
|
5.80%, 09/15/62 (Call 03/15/62) |
100 | 96,606 | ||||||
|
Macy’s Retail Holdings LLC |
||||||||
|
4.30%, 02/15/43 (Call 08/15/42) |
20 | 12,312 | ||||||
|
4.50%, 12/15/34 (Call 06/15/34) |
27 | 19,591 | ||||||
|
5.13%, 01/15/42 (Call 07/15/41) |
15 | 10,193 | ||||||
|
6.38%, 03/15/37(c) |
15 | 12,053 | ||||||
|
6.70%, 07/15/34(a) |
15 | 12,326 | ||||||
|
Marks & Spencer PLC, 7.13%, 12/01/37(a) |
25 | 22,672 | ||||||
|
McDonald’s Corp. |
||||||||
|
3.63%, 05/01/43 |
35 | 27,282 | ||||||
|
3.63%, 09/01/49 (Call 03/01/49) |
40 | 30,144 | ||||||
|
3.70%, 02/15/42 |
25 | 19,818 | ||||||
|
4.20%, 04/01/50 (Call 10/01/49) |
35 | 29,082 | ||||||
|
4.45%, 03/01/47 (Call 09/01/46) |
110 | 95,180 | ||||||
|
4.45%, 09/01/48 (Call 03/01/48) |
75 | 65,312 | ||||||
|
4.60%, 05/26/45 (Call 11/26/44) |
20 | 17,761 | ||||||
|
4.70%, 12/09/35 (Call 06/09/35) |
64 | 60,467 | ||||||
|
4.88%, 07/15/40 |
35 | 32,848 | ||||||
|
4.88%, 12/09/45 (Call 06/09/45) |
132 | 119,993 | ||||||
|
5.70%, 02/01/39 |
100 | 102,695 | ||||||
|
6.30%, 10/15/37 |
60 | 65,213 | ||||||
|
6.30%, 03/01/38 |
85 | 91,674 | ||||||
|
Nordstrom Inc., 5.00%, 01/15/44 (Call 07/15/43)(c) |
70 | 45,461 | ||||||
|
QVC Inc. |
||||||||
|
5.45%, 08/15/34 (Call 02/15/34) |
30 | 15,147 | ||||||
|
5.95%, 03/15/43 |
20 | 9,641 | ||||||
|
Starbucks Corp. |
||||||||
|
3.35%, 03/12/50 (Call 09/12/49) |
10 | 7,125 | ||||||
|
3.50%, 11/15/50 (Call 05/15/50) |
80 | 58,188 | ||||||
|
3.75%, 12/01/47 (Call 06/01/47) |
80 | 61,258 | ||||||
|
4.30%, 06/15/45 (Call 12/10/44) |
30 | 25,272 | ||||||
|
4.45%, 08/15/49 (Call 02/15/49) |
60 | 51,100 | ||||||
|
4.50%, 11/15/48 (Call 05/15/48) |
30 | 25,834 | ||||||
|
Target Corp. |
||||||||
|
2.95%, 01/15/52 (Call 07/15/51) |
60 | 40,875 | ||||||
|
3.63%, 04/15/46 |
39 | 30,933 | ||||||
|
3.90%, 11/15/47 (Call 05/15/47) |
70 | 57,431 | ||||||
|
4.00%, 07/01/42 |
75 | 65,878 | ||||||
|
4.80%, 01/15/53 (Call 07/15/52) |
55 | 51,339 | ||||||
|
7.00%, 01/15/38 |
100 | 116,725 | ||||||
|
TJX Companies Inc. (The), 4.50%, 04/15/50 (Call 10/15/49) |
40 | 36,328 | ||||||
|
Walgreens Boots Alliance Inc. |
||||||||
|
4.10%, 04/15/50 (Call 10/15/49) |
121 | 87,651 | ||||||
|
4.80%, 11/18/44 (Call 05/18/44) |
60 | 49,558 | ||||||
|
Walmart Inc. |
||||||||
|
2.50%, 09/22/41 (Call 03/22/41) |
10 | 7,143 | ||||||
|
2.65%, 09/22/51 (Call 03/22/51) |
180 | 121,970 | ||||||
|
4.00%, 04/11/43 (Call 10/11/42) |
150 | 131,793 | ||||||
|
4.05%, 06/29/48 (Call 12/29/47) |
254 | 223,754 | ||||||
|
4.30%, 04/22/44 (Call 10/22/43) |
30 | 27,649 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Retail (continued) |
||||||||
|
4.50%, 09/09/52 (Call 03/09/52) |
$ | 40 | $ | 37,713 | ||||
|
5.25%, 09/01/35 |
15 | 15,754 | ||||||
|
5.63%, 04/15/41 |
5 | 5,381 | ||||||
|
Yum! Brands Inc. |
||||||||
|
5.35%, 11/01/43 (Call 05/01/43) |
20 | 16,734 | ||||||
|
6.88%, 11/15/37 |
20 | 20,888 | ||||||
|
|
|
|||||||
| 5,072,530 | ||||||||
| Semiconductors — 1.2% | ||||||||
|
Advanced
Micro Devices Inc., 4.39%, 06/01/52 |
55 | 48,880 | ||||||
|
Analog Devices Inc. |
||||||||
|
2.80%, 10/01/41 (Call 04/01/41) |
100 | 72,130 | ||||||
|
2.95%, 10/01/51 (Call 04/01/51) |
90 | 61,739 | ||||||
|
Applied Materials Inc. |
||||||||
|
2.75%, 06/01/50 (Call 12/01/49) |
60 | 40,794 | ||||||
|
4.35%, 04/01/47 (Call 10/01/46) |
87 | 77,968 | ||||||
|
5.10%, 10/01/35 (Call 04/01/35) |
77 | 77,477 | ||||||
|
5.85%, 06/15/41 |
50 | 53,409 | ||||||
|
Broadcom Inc. |
||||||||
|
3.14%, 11/15/35 (Call 08/15/35)(a) |
295 | 217,651 | ||||||
|
3.19%, 11/15/36 (Call 08/15/36)(a) |
275 | 199,196 | ||||||
|
3.50%, 02/15/41 (Call 08/15/40)(a) |
230 | 164,673 | ||||||
|
3.75%, 02/15/51 (Call 08/15/50)(a) |
250 | 174,322 | ||||||
|
4.93%, 05/15/37 (Call 02/15/37)(a) |
150 | 130,424 | ||||||
|
Intel Corp. |
||||||||
|
2.80%, 08/12/41 (Call 02/12/41) |
10 | 6,807 | ||||||
|
3.05%, 08/12/51 (Call 02/12/51) |
100 | 64,324 | ||||||
|
3.10%, 02/15/60 (Call 08/15/59) |
100 | 61,129 | ||||||
|
3.20%, 08/12/61 (Call 02/12/61) |
10 | 6,210 | ||||||
|
3.25%, 11/15/49 (Call 05/15/49) |
140 | 93,650 | ||||||
|
3.73%, 12/08/47 (Call 06/08/47) |
160 | 118,536 | ||||||
|
4.10%, 05/19/46 (Call 11/19/45) |
111 | 89,016 | ||||||
|
4.10%, 05/11/47 (Call 11/11/46) |
65 | 52,017 | ||||||
|
4.25%, 12/15/42 |
30 | 25,110 | ||||||
|
4.60%, 03/25/40 (Call 09/25/39) |
30 | 26,735 | ||||||
|
4.75%, 03/25/50 (Call 09/25/49) |
95 | 82,302 | ||||||
|
4.80%, 10/01/41 |
150 | 135,853 | ||||||
|
4.90%, 07/29/45 (Call 01/29/45) |
10 | 9,262 | ||||||
|
4.90%, 08/05/52 (Call 02/05/52) |
140 | 124,019 | ||||||
|
4.95%, 03/25/60 (Call 09/25/59) |
50 | 43,862 | ||||||
|
5.05%, 08/05/62 (Call 02/05/62) |
70 | 61,228 | ||||||
|
5.63%, 02/10/43 (Call 08/10/42) |
10 | 9,762 | ||||||
|
5.70%, 02/10/53 (Call 08/10/52) |
180 | 175,943 | ||||||
|
5.90%, 02/10/63 (Call 08/10/62) |
30 | 29,526 | ||||||
|
KLA Corp. |
||||||||
|
3.30%, 03/01/50 (Call 08/28/49) |
60 | 43,492 | ||||||
|
4.95%, 07/15/52 (Call 01/15/52) |
20 | 18,875 | ||||||
|
5.00%, 03/15/49 (Call 09/15/48) |
155 | 145,264 | ||||||
|
Lam Research Corp. |
||||||||
|
2.88%, 06/15/50 (Call 12/15/49) |
60 | 39,992 | ||||||
|
4.88%, 03/15/49 (Call 09/15/48) |
95 | 89,238 | ||||||
|
Micron Technology Inc. |
||||||||
|
3.37%, 11/01/41 (Call 05/01/41) |
50 | 33,389 | ||||||
|
3.48%, 11/01/51 (Call 05/01/51) |
55 | 34,277 | ||||||
|
NVIDIA Corp. |
||||||||
|
3.50%, 04/01/40 (Call 10/01/39) |
116 | 95,404 | ||||||
|
3.50%, 04/01/50 (Call 10/01/49) |
170 | 131,759 | ||||||
|
3.70%, 04/01/60 (Call 10/01/59) |
10 | 7,594 | ||||||
|
NXP BV/NXP Funding LLC/NXP USA Inc. |
||||||||
|
3.13%, 02/15/42 (Call 08/15/41) |
30 | 20,214 | ||||||
|
3.25%, 05/11/41 (Call 11/11/40) |
100 | 69,365 | ||||||
| 66 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Semiconductors (continued) |
||||||||
|
3.25%, 11/30/51 (Call 05/30/51) |
$ | 30 | $ | 18,955 | ||||
|
QUALCOMM Inc. |
||||||||
|
3.25%, 05/20/50 (Call 11/20/49) |
75 | 55,249 | ||||||
|
4.30%, 05/20/47 (Call 11/20/46) |
127 | 110,941 | ||||||
|
4.50%, 05/20/52 (Call 11/20/51) |
65 | 57,751 | ||||||
|
4.65%, 05/20/35 (Call 11/20/34) |
67 | 65,015 | ||||||
|
4.80%, 05/20/45 (Call 11/20/44) |
115 | 109,249 | ||||||
|
6.00%, 05/20/53 (Call 11/20/52) |
60 | 64,684 | ||||||
|
Texas Instruments Inc. |
||||||||
|
3.88%, 03/15/39 (Call 09/15/38) |
65 | 57,428 | ||||||
|
4.15%, 05/15/48 (Call 11/15/47) |
160 | 141,819 | ||||||
|
TSMC
Arizona Corp., 3.25%, 10/25/51 |
200 | 150,058 | ||||||
|
|
|
|||||||
| 4,093,966 | ||||||||
| Software — 1.3% | ||||||||
|
Activision Blizzard Inc. |
||||||||
|
2.50%, 09/15/50 (Call 03/15/50) |
45 | 28,074 | ||||||
|
4.50%, 06/15/47 (Call 12/15/46) |
90 | 79,474 | ||||||
|
Electronic
Arts Inc., 2.95%, 02/15/51 |
65 | 41,404 | ||||||
|
Fidelity National Information Services Inc. |
||||||||
|
3.10%, 03/01/41 (Call 09/01/40) |
10 | 6,894 | ||||||
|
4.50%, 08/15/46 (Call 02/15/46) |
30 | 23,760 | ||||||
|
5.63%, 07/15/52 (Call 01/15/52) |
40 | 37,377 | ||||||
|
Fiserv Inc., 4.40%, 07/01/49 (Call 01/01/49) |
150 | 120,895 | ||||||
|
Microsoft Corp. |
||||||||
|
2.53%, 06/01/50 (Call 12/01/49) |
499 | 333,197 | ||||||
|
2.68%, 06/01/60 (Call 12/01/59) |
249 | 161,110 | ||||||
|
2.92%, 03/17/52 (Call 09/17/51) |
345 | 248,838 | ||||||
|
3.04%, 03/17/62 (Call 09/17/61) |
197 | 137,955 | ||||||
|
3.45%, 08/08/36 (Call 02/08/36) |
82 | 71,703 | ||||||
|
3.50%, 11/15/42 |
50 | 42,320 | ||||||
|
3.70%, 08/08/46 (Call 02/08/46) |
70 | 59,892 | ||||||
|
4.10%, 02/06/37 (Call 08/06/36) |
200 | 187,552 | ||||||
|
4.20%, 11/03/35 (Call 05/03/35) |
65 | 62,239 | ||||||
|
4.25%, 02/06/47 (Call 08/06/46) |
30 | 27,836 | ||||||
|
4.45%, 11/03/45 (Call 05/03/45) |
30 | 28,434 | ||||||
|
4.50%, 10/01/40 |
50 | 48,884 | ||||||
|
4.50%, 02/06/57 (Call 08/06/56) |
135 | 130,629 | ||||||
|
5.20%, 06/01/39 |
20 | 21,180 | ||||||
|
5.30%, 02/08/41 |
15 | 16,085 | ||||||
|
Oracle Corp. |
||||||||
|
3.60%, 04/01/40 (Call 10/01/39) |
265 | 195,700 | ||||||
|
3.60%, 04/01/50 (Call 10/01/49) |
241 | 163,427 | ||||||
|
3.65%, 03/25/41 (Call 09/25/40) |
170 | 125,239 | ||||||
|
3.80%, 11/15/37 (Call 05/15/37) |
113 | 89,320 | ||||||
|
3.85%, 07/15/36 (Call 01/15/36) |
100 | 81,425 | ||||||
|
3.85%, 04/01/60 (Call 10/01/59) |
230 | 152,888 | ||||||
|
3.90%, 05/15/35 (Call 11/15/34) |
185 | 153,581 | ||||||
|
3.95%, 03/25/51 (Call 09/25/50) |
135 | 96,873 | ||||||
|
4.00%, 07/15/46 (Call 01/15/46) |
189 | 138,297 | ||||||
|
4.00%, 11/15/47 (Call 05/15/47) |
176 | 128,895 | ||||||
|
4.10%, 03/25/61 (Call 09/25/60) |
50 | 34,811 | ||||||
|
4.13%, 05/15/45 (Call 11/15/44) |
160 | 120,720 | ||||||
|
4.38%, 05/15/55 (Call 11/15/54) |
105 | 79,678 | ||||||
|
4.50%, 07/08/44 (Call 01/08/44) |
126 | 102,507 | ||||||
|
5.38%, 07/15/40 |
89 | 81,711 | ||||||
|
5.55%, 02/06/53 (Call 08/06/52) |
130 | 118,893 | ||||||
|
6.13%, 07/08/39 |
154 | 153,844 | ||||||
|
6.50%, 04/15/38 |
91 | 94,796 | ||||||
|
6.90%, 11/09/52 (Call 05/09/52) |
200 | 215,584 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Software (continued) |
||||||||
|
salesforce.com Inc. |
||||||||
|
2.70%, 07/15/41 (Call 01/15/41) |
$ | 30 | $ | 21,201 | ||||
|
2.90%, 07/15/51 (Call 01/15/51) |
245 | 164,758 | ||||||
|
3.05%, 07/15/61 (Call 01/15/61) |
15 | 9,619 | ||||||
|
|
|
|||||||
| 4,439,499 | ||||||||
| Telecommunications — 2.8% | ||||||||
|
America Movil SAB de CV |
||||||||
|
6.13%, 03/30/40 |
129 | 135,918 | ||||||
|
6.38%, 03/01/35 |
131 | 141,911 | ||||||
|
AT&T Inc. |
||||||||
|
3.10%, 02/01/43 (Call 08/01/42)(c) |
200 | 139,572 | ||||||
|
3.30%, 02/01/52 (Call 08/01/51) |
10 | 6,836 | ||||||
|
3.50%, 06/01/41 (Call 12/01/40) |
195 | 146,318 | ||||||
|
3.50%, 09/15/53 (Call 03/15/53) |
465 | 319,236 | ||||||
|
3.55%, 09/15/55 (Call 03/15/55) |
520 | 352,570 | ||||||
|
3.65%, 06/01/51 (Call 12/01/50) |
200 | 142,902 | ||||||
|
3.65%, 09/15/59 (Call 03/15/59) |
416 | 281,661 | ||||||
|
3.80%, 12/01/57 (Call 06/01/57) |
385 | 270,251 | ||||||
|
3.85%, 06/01/60 (Call 12/01/59) |
130 | 90,861 | ||||||
|
4.35%, 06/15/45 (Call 12/15/44) |
35 | 28,467 | ||||||
|
4.50%, 05/15/35 (Call 11/15/34) |
180 | 161,795 | ||||||
|
4.55%, 03/09/49 (Call 09/09/48) |
130 | 107,636 | ||||||
|
4.65%, 06/01/44 (Call 12/01/43) |
105 | 89,545 | ||||||
|
4.75%, 05/15/46 (Call 11/15/45) |
195 | 167,526 | ||||||
|
4.85%, 03/01/39 (Call 09/01/38) |
90 | 80,841 | ||||||
|
4.90%, 08/15/37 (Call 02/14/37) |
240 | 220,306 | ||||||
|
5.15%, 03/15/42 |
150 | 137,470 | ||||||
|
5.15%, 11/15/46 (Call 05/15/46) |
15 | 13,653 | ||||||
|
5.15%, 02/15/50 (Call 08/14/49) |
150 | 136,882 | ||||||
|
5.70%, 03/01/57 (Call 09/01/56) |
5 | 4,866 | ||||||
|
6.00%, 08/15/40 (Call 05/15/40) |
5 | 5,075 | ||||||
|
6.38%, 03/01/41 |
150 | 157,111 | ||||||
|
Axiata
SPV5 Labuan Ltd., 3.06%, 08/19/50 |
200 | 139,594 | ||||||
|
Bell Telephone Co. of Canada or Bell Canada (The) |
||||||||
|
3.65%, 08/15/52 (Call 02/15/52) |
55 | 40,405 | ||||||
|
4.30%, 07/29/49 (Call 01/29/49) |
25 | 20,551 | ||||||
|
4.46%, 04/01/48 (Call 10/01/47) |
60 | 50,973 | ||||||
|
Series US-6, 3.20%, 02/15/52 (Call 08/15/51) |
40 | 26,895 | ||||||
|
Cisco Systems Inc. |
||||||||
|
5.50%, 01/15/40 |
150 | 157,806 | ||||||
|
5.90%, 02/15/39 |
134 | 146,717 | ||||||
|
Corning Inc. |
||||||||
|
4.38%, 11/15/57 (Call 05/15/57) |
75 | 60,162 | ||||||
|
4.70%, 03/15/37 |
25 | 22,841 | ||||||
|
4.75%, 03/15/42 |
60 | 54,818 | ||||||
|
5.35%, 11/15/48 (Call 05/15/48) |
25 | 23,938 | ||||||
|
5.45%, 11/15/79 (Call 05/15/79) |
55 | 48,558 | ||||||
|
5.75%, 08/15/40 |
51 | 51,663 | ||||||
|
5.85%, 11/15/68 (Call 05/15/68) |
11 | 10,420 | ||||||
|
Deutsche Telekom AG, 3.63%, 01/21/50 (Call 07/21/49)(a) |
150 | 112,019 | ||||||
|
Embarq Corp., 8.00%, 06/01/36 |
102 | 44,333 | ||||||
|
Juniper Networks Inc., 5.95%, 03/15/41 |
36 | 35,147 | ||||||
|
Lumen Technologies Inc. |
||||||||
|
Series P, 7.60%, 09/15/39 |
38 | 18,813 | ||||||
|
Series U, 7.65%, 03/15/42(c) |
30 | 14,957 | ||||||
|
Motorola Solutions Inc., 5.50%, 09/01/44 |
36 | 32,941 | ||||||
|
Nokia OYJ, 6.63%, 05/15/39 |
35 | 34,147 | ||||||
|
Orange SA |
||||||||
|
5.38%, 01/13/42 |
5 | 4,942 | ||||||
|
5.50%, 02/06/44 (Call 08/06/43) |
55 | 55,415 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Telecommunications (continued) |
||||||||
|
Rogers Communications Inc. |
||||||||
|
3.70%, 11/15/49 (Call 05/15/49) |
$ | 91 | $ | 64,193 | ||||
|
4.30%, 02/15/48 (Call 08/15/47) |
95 | 72,912 | ||||||
|
4.35%, 05/01/49 (Call 11/01/48) |
163 | 127,060 | ||||||
|
4.50%, 03/15/42 (Call 09/15/41)(a) |
55 | 45,115 | ||||||
|
4.50%, 03/15/43 (Call 09/15/42) |
60 | 48,879 | ||||||
|
4.55%, 03/15/52 (Call 09/15/51)(a) |
45 | 35,957 | ||||||
|
5.00%, 03/15/44 (Call 09/15/43) |
90 | 78,084 | ||||||
|
7.50%, 08/15/38 |
15 | 16,785 | ||||||
|
SES
Global Americas Holdings Inc., |
79 | 59,505 | ||||||
|
Telecom Italia Capital SA |
||||||||
|
6.00%, 09/30/34 |
70 | 58,558 | ||||||
|
6.38%, 11/15/33 |
70 | 60,999 | ||||||
|
7.20%, 07/18/36 |
75 | 66,040 | ||||||
|
7.72%, 06/04/38 |
63 | 57,328 | ||||||
|
Telefonica Emisiones SA |
||||||||
|
4.90%, 03/06/48 |
155 | 122,923 | ||||||
|
5.21%, 03/08/47 |
150 | 125,453 | ||||||
|
5.52%, 03/01/49 (Call 09/01/48) |
150 | 130,119 | ||||||
|
7.05%, 06/20/36 |
15 | 15,806 | ||||||
|
TELUS Corp., 4.30%, 06/15/49 (Call 12/15/48) |
60 | 49,885 | ||||||
|
T-Mobile USA Inc. |
||||||||
|
3.00%, 02/15/41 (Call 08/15/40) |
135 | 94,175 | ||||||
|
3.30%, 02/15/51 (Call 08/15/50) |
210 | 140,484 | ||||||
|
3.40%, 10/15/52 (Call 04/15/52) |
145 | 98,439 | ||||||
|
3.60%, 11/15/60 (Call 05/15/60) |
165 | 110,019 | ||||||
|
4.38%, 04/15/40 (Call 10/15/39) |
145 | 123,253 | ||||||
|
4.50%, 04/15/50 (Call 10/15/49) |
160 | 132,894 | ||||||
|
5.65%, 01/15/53 (Call 07/15/52) |
185 | 181,457 | ||||||
|
5.80%, 09/15/62 (Call 03/15/62) |
70 | 68,483 | ||||||
|
U.S. Cellular Corp., 6.70%, 12/15/33 |
40 | 36,852 | ||||||
|
Verizon Communications Inc. |
||||||||
|
2.65%, 11/20/40 (Call 05/20/40) |
30 | 20,281 | ||||||
|
2.85%, 09/03/41 (Call 03/03/41) |
40 | 27,696 | ||||||
|
2.88%, 11/20/50 (Call 05/20/50) |
60 | 37,815 | ||||||
|
2.99%, 10/30/56 (Call 04/30/56) |
258 | 157,692 | ||||||
|
3.00%, 11/20/60 (Call 05/20/60) |
210 | 126,351 | ||||||
|
3.40%, 03/22/41 (Call 09/22/40) |
35 | 26,396 | ||||||
|
3.55%, 03/22/51 (Call 09/22/50) |
350 | 252,703 | ||||||
|
3.70%, 03/22/61 (Call 09/22/60) |
50 | 35,171 | ||||||
|
3.85%, 11/01/42 (Call 05/01/42) |
140 | 111,362 | ||||||
|
3.88%, 03/01/52 (Call 09/01/51) |
70 | 53,477 | ||||||
|
4.00%, 03/22/50 (Call 09/22/49) |
145 | 113,951 | ||||||
|
4.13%, 08/15/46 |
130 | 105,916 | ||||||
|
4.27%, 01/15/36 |
120 | 105,776 | ||||||
|
4.67%, 03/15/55 |
150 | 129,604 | ||||||
|
4.75%, 11/01/41 |
162 | 147,806 | ||||||
|
4.81%, 03/15/39 |
295 | 270,297 | ||||||
|
4.86%, 08/21/46 |
290 | 261,452 | ||||||
|
5.50%, 03/16/47 |
100 | 97,187 | ||||||
|
6.55%, 09/15/43 |
155 | 168,407 | ||||||
|
Vodafone Group PLC |
||||||||
|
4.25%, 09/17/50 |
130 | 101,999 | ||||||
|
4.38%, 02/19/43 |
128 | 104,696 | ||||||
|
4.88%, 06/19/49 |
110 | 95,268 | ||||||
|
5.13%, 06/19/59 |
30 | 26,411 | ||||||
|
5.13%, 06/04/81
(Call 12/04/50), |
65 | 48,600 | ||||||
|
5.63%, 02/10/53 (Call 08/10/52) |
50 | 48,054 | ||||||
|
5.75%, 02/10/63 (Call 08/10/62) |
50 | 47,494 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Telecommunications (continued) |
||||||||
|
6.15%, 02/27/37 |
$ | 110 | $ | 113,796 | ||||
|
|
|
|||||||
| 9,604,579 | ||||||||
| Toys, Games & Hobbies — 0.0% | ||||||||
|
Hasbro Inc. |
||||||||
|
5.10%, 05/15/44 (Call 11/15/43)(c) |
25 | 21,075 | ||||||
|
6.35%, 03/15/40 |
40 | 39,130 | ||||||
|
Mattel Inc. |
||||||||
|
5.45%, 11/01/41 (Call 05/01/41) |
20 | 16,793 | ||||||
|
6.20%, 10/01/40 |
20 | 17,874 | ||||||
|
|
|
|||||||
| 94,872 | ||||||||
| Transportation — 1.7% | ||||||||
|
Burlington Northern Santa Fe LLC |
||||||||
|
3.05%, 02/15/51 (Call 08/15/50) |
10 | 6,904 | ||||||
|
3.55%, 02/15/50 (Call 08/15/49) |
50 | 38,353 | ||||||
|
3.90%, 08/01/46 (Call 02/01/46) |
88 | 71,203 | ||||||
|
4.05%, 06/15/48 (Call 12/15/47) |
45 | 37,630 | ||||||
|
4.13%, 06/15/47 (Call 12/15/46) |
40 | 33,891 | ||||||
|
4.15%, 04/01/45 (Call 10/01/44) |
45 | 38,450 | ||||||
|
4.15%, 12/15/48 (Call 06/15/48) |
61 | 51,599 | ||||||
|
4.38%, 09/01/42 (Call 03/01/42) |
55 | 48,992 | ||||||
|
4.45%, 03/15/43 (Call 09/15/42) |
59 | 52,583 | ||||||
|
4.55%, 09/01/44 (Call 03/01/44) |
120 | 108,559 | ||||||
|
4.70%, 09/01/45 (Call 03/01/45) |
20 | 18,436 | ||||||
|
4.90%, 04/01/44 (Call 10/01/43) |
109 | 102,428 | ||||||
|
4.95%, 09/15/41 (Call 03/15/41) |
55 | 52,510 | ||||||
|
5.05%, 03/01/41 (Call 09/01/40) |
30 | 29,113 | ||||||
|
5.15%, 09/01/43 (Call 03/01/43) |
110 | 107,857 | ||||||
|
5.40%, 06/01/41 (Call 12/01/40) |
40 | 40,065 | ||||||
|
5.75%, 05/01/40 (Call 11/01/39) |
70 | 72,979 | ||||||
|
6.15%, 05/01/37 |
40 | 43,830 | ||||||
|
6.20%, 08/15/36 |
50 | 54,168 | ||||||
|
Canadian National Railway Co. |
||||||||
|
2.45%, 05/01/50 (Call 11/01/49) |
90 | 55,362 | ||||||
|
3.20%, 08/02/46 (Call 02/02/46) |
40 | 29,231 | ||||||
|
3.65%, 02/03/48 (Call 08/03/47) |
35 | 27,973 | ||||||
|
4.40%, 08/05/52 (Call 02/05/52) |
50 | 44,520 | ||||||
|
4.45%, 01/20/49 (Call 07/20/48) |
25 | 22,453 | ||||||
|
6.20%, 06/01/36 |
35 | 37,758 | ||||||
|
6.38%, 11/15/37 |
18 | 19,396 | ||||||
|
Canadian Pacific Railway Co. |
||||||||
|
3.00%, 12/02/41 (Call 06/02/41) |
20 | 15,143 | ||||||
|
3.10%, 12/02/51 (Call 06/02/51) |
60 | 40,954 | ||||||
|
4.80%, 09/15/35 (Call 03/15/35) |
35 | 32,655 | ||||||
|
4.80%, 08/01/45 (Call 02/01/45) |
30 | 27,322 | ||||||
|
5.95%, 05/15/37 |
131 | 134,306 | ||||||
|
6.13%, 09/15/2115 (Call 03/15/2115) |
53 | 54,055 | ||||||
|
CSX Corp. |
||||||||
|
3.35%, 09/15/49 (Call 03/15/49) |
45 | 32,408 | ||||||
|
3.80%, 11/01/46 (Call 05/01/46) |
28 | 21,906 | ||||||
|
3.80%, 04/15/50 (Call 10/15/49) |
35 | 27,039 | ||||||
|
3.95%, 05/01/50 (Call 11/01/49) |
41 | 32,738 | ||||||
|
4.10%, 03/15/44 (Call 09/15/43) |
148 | 124,668 | ||||||
|
4.25%, 11/01/66 (Call 05/01/66) |
15 | 11,898 | ||||||
|
4.30%, 03/01/48 (Call 09/01/47) |
95 | 80,836 | ||||||
|
4.40%, 03/01/43 (Call 09/01/42) |
11 | 9,507 | ||||||
|
4.50%, 03/15/49 (Call 09/15/48) |
20 | 17,482 | ||||||
|
4.50%, 11/15/52 (Call 05/15/52) |
65 | 56,404 | ||||||
|
4.50%, 08/01/54 (Call 02/01/54) |
80 | 68,330 | ||||||
|
4.65%, 03/01/68 (Call 09/01/67) |
20 | 16,975 | ||||||
| 68 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Transportation (continued) |
||||||||
|
4.75%, 05/30/42 (Call 11/30/41) |
$ | 35 | $ | 31,827 | ||||
|
5.50%, 04/15/41 (Call 10/15/40) |
85 | 84,775 | ||||||
|
6.00%, 10/01/36 |
40 | 41,630 | ||||||
|
6.15%, 05/01/37 |
30 | 31,637 | ||||||
|
6.22%, 04/30/40 |
60 | 64,251 | ||||||
|
Empresa
de Transporte de Pasajeros Metro SA, |
200 | 179,678 | ||||||
|
FedEx Corp. |
||||||||
|
4.05%, 02/15/48 (Call 08/15/47) |
95 | 72,808 | ||||||
|
4.10%, 04/15/43 |
40 | 31,460 | ||||||
|
4.10%, 02/01/45 |
175 | 136,843 | ||||||
|
4.40%, 01/15/47 (Call 07/15/46) |
82 | 66,942 | ||||||
|
4.55%, 04/01/46 (Call 10/01/45) |
61 | 50,456 | ||||||
|
4.75%, 11/15/45 (Call 05/15/45) |
123 | 105,031 | ||||||
|
4.95%, 10/17/48 (Call 04/17/48) |
55 | 48,604 | ||||||
|
5.10%, 01/15/44 |
68 | 61,496 | ||||||
|
5.25%, 05/15/50 (Call 11/15/49) |
40 | 37,092 | ||||||
|
Indian
Railway Finance Corp. Ltd., |
200 | 148,294 | ||||||
|
Kansas City Southern |
||||||||
|
3.50%, 05/01/50 (Call 11/01/49) |
25 | 18,183 | ||||||
|
4.20%, 11/15/69 (Call 05/15/69) |
26 | 19,939 | ||||||
|
4.30%, 05/15/43 (Call 11/15/42) |
45 | 37,432 | ||||||
|
4.70%, 05/01/48 (Call 11/01/47) |
55 | 48,182 | ||||||
|
4.95%, 08/15/45 (Call 02/15/45) |
50 | 45,353 | ||||||
|
Lima Metro Line 2 Finance Ltd., 5.88%, 07/05/34(f) |
93 | 88,261 | ||||||
|
Norfolk Southern Corp. |
||||||||
|
2.90%, 08/25/51 (Call 02/25/51) |
45 | 28,811 | ||||||
|
3.05%, 05/15/50 (Call 11/15/49) |
75 | 49,807 | ||||||
|
3.16%, 05/15/55 (Call 11/15/54) |
103 | 67,715 | ||||||
|
3.40%, 11/01/49 (Call 05/01/49) |
110 | 77,974 | ||||||
|
3.70%, 03/15/53 (Call 09/15/52) |
10 | 7,431 | ||||||
|
3.94%, 11/01/47 (Call 05/01/47) |
94 | 74,241 | ||||||
|
3.95%, 10/01/42 (Call 04/01/42) |
71 | 58,222 | ||||||
|
4.05%, 08/15/52 (Call 02/15/52) |
80 | 63,681 | ||||||
|
4.10%, 05/15/49 (Call 11/15/48) |
65 | 52,419 | ||||||
|
4.10%, 05/15/2121 (Call 11/15/2120) |
15 | 10,244 | ||||||
|
4.15%, 02/28/48 (Call 08/28/47) |
10 | 8,140 | ||||||
|
4.55%, 06/01/53 (Call 12/01/52) |
15 | 12,959 | ||||||
|
4.65%, 01/15/46 (Call 07/15/45) |
50 | 44,020 | ||||||
|
4.84%, 10/01/41 |
40 | 36,514 | ||||||
|
Polar Tankers Inc., 5.95%, 05/10/37(a) |
59 | 59,461 | ||||||
|
Union Pacific Corp. |
||||||||
|
2.89%, 04/06/36 (Call 01/06/36) |
10 | 7,855 | ||||||
|
2.97%, 09/16/62 (Call 03/16/62) |
25 | 15,716 | ||||||
|
3.20%, 05/20/41 (Call 11/20/40) |
80 | 61,663 | ||||||
|
3.25%, 02/05/50 (Call 08/05/49) |
200 | 144,530 | ||||||
|
3.50%, 02/14/53 (Call 08/14/52) |
65 | 48,642 | ||||||
|
3.55%, 08/15/39 (Call 02/15/39) |
50 | 41,071 | ||||||
|
3.55%, 05/20/61 (Call 11/20/60) |
45 | 32,234 | ||||||
|
3.60%, 09/15/37 (Call 03/15/37) |
171 | 144,180 | ||||||
|
3.75%, 02/05/70 (Call 08/05/69) |
65 | 47,020 | ||||||
|
3.80%, 10/01/51 (Call 04/01/51) |
94 | 74,762 | ||||||
|
3.80%, 04/06/71 (Call 10/06/70) |
50 | 36,437 | ||||||
|
3.84%, 03/20/60 (Call 09/20/59) |
112 | 85,589 | ||||||
|
3.85%, 02/14/72 (Call 08/14/71) |
5 | 3,704 | ||||||
|
3.88%, 02/01/55 (Call 08/01/54) |
55 | 43,261 | ||||||
|
4.00%, 04/15/47 (Call 10/15/46) |
55 | 45,080 | ||||||
|
4.05%, 11/15/45 (Call 05/15/45) |
55 | 45,731 | ||||||
|
4.05%, 03/01/46 (Call 09/01/45) |
50 | 41,158 | ||||||
|
4.10%, 09/15/67 (Call 03/15/67) |
55 | 43,072 | ||||||
| Security |
Par (000) |
Value | ||||||
|
Transportation (continued) |
||||||||
|
4.30%, 03/01/49 (Call 09/01/48) |
$ | 65 | $ | 55,832 | ||||
|
4.50%, 09/10/48 (Call 03/10/48) |
10 | 8,741 | ||||||
|
4.95%, 09/09/52 (Call 03/09/52) |
15 | 14,478 | ||||||
|
5.15%, 01/20/63 (Call 07/20/62) |
25 | 24,024 | ||||||
|
United Parcel Service Inc. |
||||||||
|
3.40%, 11/15/46 (Call 05/15/46) |
60 | 45,528 | ||||||
|
3.63%, 10/01/42 |
45 | 37,075 | ||||||
|
3.75%, 11/15/47 (Call 05/15/47) |
77 | 63,164 | ||||||
|
4.25%, 03/15/49 (Call 09/15/48) |
25 | 22,086 | ||||||
|
4.88%, 11/15/40 (Call 05/15/40) |
55 | 53,368 | ||||||
|
5.05%, 03/03/53 (Call 09/03/52) |
30 | 29,645 | ||||||
|
5.20%, 04/01/40 (Call 10/01/39) |
10 | 10,083 | ||||||
|
5.30%, 04/01/50 (Call 10/01/49) |
95 | 97,771 | ||||||
|
6.20%, 01/15/38 |
175 | 193,659 | ||||||
|
XPO CNW Inc., 6.70%, 05/01/34 |
25 | 22,767 | ||||||
|
|
|
|||||||
| 5,792,608 | ||||||||
| Trucking & Leasing — 0.0% | ||||||||
|
GATX Corp. |
||||||||
|
3.10%, 06/01/51 (Call 12/01/50) |
35 | 22,099 | ||||||
|
5.20%, 03/15/44 (Call 09/15/43) |
45 | 40,435 | ||||||
|
|
|
|||||||
| 62,534 | ||||||||
| Water — 0.1% | ||||||||
|
American Water Capital Corp. |
||||||||
|
3.25%, 06/01/51 (Call 12/01/50) |
10 | 7,099 | ||||||
|
3.45%, 05/01/50 (Call 11/01/49) |
40 | 29,438 | ||||||
|
3.75%, 09/01/47 (Call 03/01/47) |
60 | 46,782 | ||||||
|
4.00%, 12/01/46 (Call 06/01/46) |
5 | 3,968 | ||||||
|
4.15%, 06/01/49 (Call 12/01/48) |
5 | 4,100 | ||||||
|
4.20%, 09/01/48 (Call 03/01/48) |
50 | 41,774 | ||||||
|
4.30%, 12/01/42 (Call 06/01/42) |
45 | 39,215 | ||||||
|
4.30%, 09/01/45 (Call 03/01/45) |
75 | 63,925 | ||||||
|
6.59%, 10/15/37 |
45 | 49,125 | ||||||
|
Essential Utilities Inc. |
||||||||
|
3.35%, 04/15/50 (Call 10/15/49) |
55 | 38,363 | ||||||
|
4.28%, 05/01/49 (Call 11/01/48) |
55 | 44,631 | ||||||
|
|
|
|||||||
| 368,420 | ||||||||
|
|
|
|||||||
|
Total
Corporate Bonds & Notes — 48.8% |
164,802,467 | |||||||
|
|
|
|||||||
|
Foreign Government Obligations(g) |
||||||||
| Angola — 0.0% | ||||||||
|
Angolan Government International Bond, 9.38%, 05/08/48(f) |
200 | 170,620 | ||||||
|
|
|
|||||||
| Argentina — 0.5% | ||||||||
|
Argentina Bonar Bonds |
||||||||
|
1.50%, 07/09/35(e) |
1,385 | 380,810 | ||||||
|
3.50%, 07/09/41(e) |
59 | 16,031 | ||||||
|
3.88%, 01/09/38(e) |
305 | 94,981 | ||||||
|
Argentine Republic Government International Bond |
||||||||
|
1.50%, 07/09/35 (Call 03/31/23)(e) |
1,410 | 401,216 | ||||||
|
1.50%, 07/09/46 (Call 03/31/23)(e) |
310 | 90,117 | ||||||
|
3.50%, 07/09/41 (Call 03/31/23)(c)(e) |
757 | 237,971 | ||||||
|
3.88%, 01/09/38 (Call 03/31/23)(e) |
890 | 311,749 | ||||||
|
Provincia
de Buenos Aires/Government Bonds, |
320 | 122,643 | ||||||
|
|
|
|||||||
| 1,655,518 | ||||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
Bahrain — 0.1% |
||||||||
|
Bahrain Government International Bond |
||||||||
|
5.63%, 05/18/34(f) |
$ | 200 | $ | 174,778 | ||||
|
6.00%, 09/19/44(f) |
200 | 159,416 | ||||||
|
|
|
|||||||
| 334,194 | ||||||||
| Bermuda — 0.0% | ||||||||
|
Bermuda
Government International Bond, |
10 | 6,963 | ||||||
|
|
|
|||||||
| Brazil — 0.3% | ||||||||
|
Brazilian Government International Bond |
||||||||
|
4.75%, 01/14/50 (Call 07/14/49) |
400 | 288,292 | ||||||
|
5.00%, 01/27/45(c) |
200 | 153,772 | ||||||
|
5.63%, 01/07/41 |
200 | 172,452 | ||||||
|
5.63%, 02/21/47 |
200 | 163,880 | ||||||
|
7.13%, 01/20/37 |
25 | 26,449 | ||||||
|
8.25%, 01/20/34 |
200 | 226,118 | ||||||
|
|
|
|||||||
| 1,030,963 | ||||||||
| Canada — 0.0% | ||||||||
|
Province of British Columbia Canada, 7.25%, 09/01/36 |
75 | 95,375 | ||||||
|
|
|
|||||||
| Chile — 0.3% | ||||||||
|
Chile Government International Bond |
||||||||
|
2.55%, 07/27/33 (Call 04/27/33) |
200 | 157,310 | ||||||
|
3.10%, 05/07/41 (Call 11/07/40) |
200 | 145,716 | ||||||
|
3.10%, 01/22/61 (Call 07/22/60) |
200 | 124,498 | ||||||
|
3.25%, 09/21/71 (Call 03/21/71) |
200 | 123,350 | ||||||
|
3.50%, 01/25/50 (Call 07/25/49) |
200 | 144,618 | ||||||
|
4.00%, 01/31/52 (Call 07/31/51) |
200 | 156,230 | ||||||
|
4.34%, 03/07/42 (Call 09/07/41) |
200 | 171,194 | ||||||
|
|
|
|||||||
| 1,022,916 | ||||||||
| China — 0.1% | ||||||||
|
China Government International Bond, 2.75%, 12/03/39(f) |
200 | 160,040 | ||||||
|
Export-Import Bank of China (The), 4.00%, 11/28/47(f) |
200 | 175,898 | ||||||
|
|
|
|||||||
| 335,938 | ||||||||
| Colombia — 0.3% | ||||||||
|
Colombia Government International Bond |
||||||||
|
3.88%, 02/15/61 (Call 08/15/60) |
200 | 109,104 | ||||||
|
4.13%, 02/22/42 (Call 08/22/41) |
200 | 123,034 | ||||||
|
4.13%, 05/15/51 (Call 11/15/50) |
200 | 117,248 | ||||||
|
5.00%, 06/15/45 (Call 12/15/44) |
200 | 132,024 | ||||||
|
5.63%, 02/26/44 (Call 08/26/43) |
200 | 144,766 | ||||||
|
6.13%, 01/18/41 |
200 | 156,942 | ||||||
|
7.38%, 09/18/37 |
150 | 139,294 | ||||||
|
7.50%, 02/02/34 (Call 11/02/33) |
200 | 190,082 | ||||||
|
|
|
|||||||
| 1,112,494 | ||||||||
| Costa Rica — 0.1% | ||||||||
|
Costa Rica Government International Bond, 7.00%, 04/04/44(f) . |
200 | 191,768 | ||||||
|
|
|
|||||||
| Dominican Republic — 0.2% | ||||||||
|
Dominican Republic International Bond |
||||||||
|
5.88%, 01/30/60(f) |
300 | 225,468 | ||||||
|
6.40%, 06/05/49(f) |
150 | 125,071 | ||||||
|
6.85%, 01/27/45(f) |
150 | 134,253 | ||||||
|
7.45%, 04/30/44(f) |
100 | 96,240 | ||||||
|
|
|
|||||||
| 581,032 | ||||||||
| Security |
Par (000) |
Value | ||||||
|
Ecuador — 0.1% |
||||||||
|
Ecuador Government International Bond |
||||||||
|
1.50%, 07/31/40(e)(f) |
$ | 200 | $ | 62,692 | ||||
|
2.50%, 07/31/35(e)(f) |
560 | 199,298 | ||||||
|
|
|
|||||||
| 261,990 | ||||||||
| Egypt — 0.1% | ||||||||
|
Egypt Government International Bond |
||||||||
|
6.88%, 04/30/40(f) |
200 | 120,518 | ||||||
|
8.50%, 01/31/47(f) |
200 | 128,008 | ||||||
|
8.75%, 09/30/51(f) |
200 | 129,188 | ||||||
|
8.88%, 05/29/50(f) |
200 | 129,270 | ||||||
|
|
|
|||||||
| 506,984 | ||||||||
| El Salvador — 0.0% | ||||||||
|
El Salvador Government International Bond |
||||||||
|
7.12%, 01/20/50 (Call 07/20/49)(f) |
200 | 90,418 | ||||||
|
7.65%, 06/15/35(f) |
40 | 18,561 | ||||||
|
|
|
|||||||
| 108,979 | ||||||||
| Ghana — 0.0% | ||||||||
|
Ghana Government International Bond |
||||||||
|
8.75%, 03/11/61(f)(h)(i) |
200 | 72,534 | ||||||
|
8.88%, 05/07/42(f)(h)(i) |
200 | 72,990 | ||||||
|
|
|
|||||||
| 145,524 | ||||||||
| Guatemala — 0.0% | ||||||||
|
Guatemala Government Bond, 3.70%, 10/07/33 (Call 07/07/33)(f) |
200 | 164,646 | ||||||
|
|
|
|||||||
| Hong Kong — 0.0% | ||||||||
|
Airport Authority Hong Kong, 3.25%, 01/12/52 (Call 07/12/51)(a) |
200 | 150,552 | ||||||
|
|
|
|||||||
| Hungary — 0.1% | ||||||||
|
Hungary Government International Bond |
||||||||
|
3.13%, 09/21/51(f) |
200 | 122,476 | ||||||
|
7.63%, 03/29/41 |
200 | 224,880 | ||||||
|
|
|
|||||||
| 347,356 | ||||||||
| Indonesia — 0.6% | ||||||||
|
Indonesia Government International Bond |
||||||||
|
3.05%, 03/12/51 |
200 | 144,678 | ||||||
|
3.20%, 09/23/61 (Call 03/23/61) |
200 | 135,238 | ||||||
|
3.70%, 10/30/49 |
200 | 158,024 | ||||||
|
4.20%, 10/15/50 |
200 | 168,344 | ||||||
|
4.35%, 01/11/48 |
200 | 175,760 | ||||||
|
4.45%, 04/15/70 |
200 | 167,780 | ||||||
|
4.63%, 04/15/43(f) |
200 | 183,848 | ||||||
|
5.13%, 01/15/45(f) |
200 | 195,126 | ||||||
|
5.25%, 01/17/42(f) |
200 | 197,558 | ||||||
|
6.63%, 02/17/37(f) |
200 | 225,120 | ||||||
|
8.50%, 10/12/35(f) |
130 | 165,100 | ||||||
|
Perusahaan Penerbit SBSN Indonesia III, 3.80%, 06/23/50(f) |
200 | 156,774 | ||||||
|
|
|
|||||||
| 2,073,350 | ||||||||
| Israel — 0.2% | ||||||||
|
Israel Government AID Bond, 5.50%, 09/18/33 |
40 | 43,369 | ||||||
|
Israel Government International Bond |
||||||||
|
3.88%, 07/03/50 |
200 | 161,188 | ||||||
|
4.13%, 01/17/48 |
200 | 169,752 | ||||||
|
State of Israel, 3.80%, 05/13/60(f) |
400 | 302,008 | ||||||
|
|
|
|||||||
| 676,317 | ||||||||
| Italy — 0.1% | ||||||||
|
Republic
of Italy Government International Bond, |
335 | 245,676 | ||||||
|
|
|
|||||||
| 70 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Jamaica — 0.1% |
||||||||
|
Jamaica Government International Bond, 7.88%, 07/28/45 |
$ | 200 | $ | 234,386 | ||||
|
|
|
|||||||
|
Kazakhstan — 0.1% |
||||||||
|
Kazakhstan Government International Bond, 4.88%, 10/14/44(f) |
200 | 180,828 | ||||||
|
|
|
|||||||
|
Kenya — 0.0% |
||||||||
|
Republic of Kenya Government International Bond, 6.30%, 01/23/34(f) |
200 | 151,148 | ||||||
|
|
|
|||||||
|
Lebanon — 0.0% |
||||||||
|
Lebanon Government International Bond, 0.00% 03/23/37(d)(f)(h)(i) |
50 | 3,527 | ||||||
|
|
|
|||||||
|
Mexico — 0.8% |
||||||||
|
Mexico Government International Bond 3.50%, 02/12/34 (Call 11/12/33) |
400 | 326,408 | ||||||
|
3.75%, 04/19/71 (Call 10/19/70) |
200 | 130,150 | ||||||
|
3.77%, 05/24/61 (Call 11/24/60) |
400 | 264,516 | ||||||
|
4.28%, 08/14/41 (Call 02/14/41) |
500 | 400,625 | ||||||
|
4.35%, 01/15/47 |
200 | 154,610 | ||||||
|
4.50%, 01/31/50 (Call 07/31/49) |
200 | 157,830 | ||||||
|
4.60%, 01/23/46 |
200 | 160,824 | ||||||
|
4.60%, 02/10/48 |
200 | 160,104 | ||||||
|
4.75%, 03/08/44 |
210 | 174,829 | ||||||
|
5.00%, 04/27/51 (Call 10/27/50) |
200 | 168,448 | ||||||
|
5.55%, 01/21/45 |
150 | 138,642 | ||||||
|
6.05%, 01/11/40 |
50 | 49,868 | ||||||
|
6.75%, 09/27/34 |
160 | 170,997 | ||||||
|
7.50%, 04/08/33 |
125 | 139,586 | ||||||
|
|
|
|||||||
| 2,597,437 | ||||||||
| Morocco — 0.0% | ||||||||
|
Morocco Government International Bond, 4.00%, 12/15/50(f) |
200 | 128,622 | ||||||
|
|
|
|||||||
| Nigeria — 0.1% | ||||||||
|
Nigeria Government International Bond |
||||||||
|
7.63%, 11/28/47(f) |
200 | 134,278 | ||||||
|
7.70%, 02/23/38(f) |
200 | 140,578 | ||||||
|
|
|
|||||||
| 274,856 | ||||||||
| Oman — 0.1% | ||||||||
|
Oman Government International Bond |
||||||||
|
6.50%, 03/08/47(f) |
200 | 186,660 | ||||||
|
7.00%, 01/25/51(f) |
200 | 198,492 | ||||||
|
|
|
|||||||
| 385,152 | ||||||||
| Panama — 0.3% | ||||||||
|
Panama Government International Bond 3.87%, 07/23/60 (Call 01/23/60) |
200 | 128,050 | ||||||
|
4.30%, 04/29/53 |
200 | 145,118 | ||||||
|
4.50%, 05/15/47 (Call 11/15/46) |
200 | 154,256 | ||||||
|
4.50%, 04/16/50 (Call 10/16/49) |
200 | 150,452 | ||||||
|
4.50%, 01/19/63 (Call 07/19/62) |
200 | 142,924 | ||||||
|
6.70%, 01/26/36 |
125 | 132,389 | ||||||
|
|
|
|||||||
| 853,189 | ||||||||
| Paraguay — 0.1% | ||||||||
|
Paraguay Government International Bond, 6.10%, 08/11/44(f) |
200 | 189,082 | ||||||
|
|
|
|||||||
|
Peru — 0.3% |
||||||||
|
Peruvian Government International Bond 2.78%, 12/01/60 (Call 06/01/60) |
90 | 52,201 | ||||||
|
3.00%, 01/15/34 (Call 10/15/33) |
185 | 145,839 | ||||||
|
3.23%, 07/28/2121 (Call 01/28/2121) |
70 | 40,891 | ||||||
| Security | Par (000) |
Value | ||||||
|
Peru (continued) |
||||||||
|
3.30%, 03/11/41 (Call 09/11/40) |
$ | 200 | $ | 146,162 | ||||
|
3.55%, 03/10/51 (Call 09/10/50) |
100 | 71,399 | ||||||
|
3.60%, 01/15/72 (Call 07/15/71) |
75 | 48,762 | ||||||
|
5.63%, 11/18/50 |
100 | 98,407 | ||||||
|
6.55%, 03/14/37(c) |
115 | 122,695 | ||||||
|
8.75%, 11/21/33 |
130 | 161,074 | ||||||
|
|
|
|||||||
| 887,430 | ||||||||
| Philippines — 0.3% | ||||||||
|
Philippine Government International Bond |
||||||||
|
2.65%, 12/10/45 |
200 | 134,456 | ||||||
|
2.95%, 05/05/45 |
200 | 142,326 | ||||||
|
3.20%, 07/06/46 |
200 | 144,058 | ||||||
|
3.70%, 03/01/41 |
200 | 162,240 | ||||||
|
3.70%, 02/02/42 |
200 | 161,284 | ||||||
|
3.95%, 01/20/40 |
300 | 252,759 | ||||||
|
6.38%, 10/23/34 |
100 | 109,059 | ||||||
|
|
|
|||||||
| 1,106,182 | ||||||||
| Qatar — 0.4% | ||||||||
|
Qatar Government International Bond |
||||||||
|
4.40%, 04/16/50(f) |
400 | 360,220 | ||||||
|
4.82%, 03/14/49(f) |
400 | 381,944 | ||||||
|
5.10%, 04/23/48(f) |
500 | 495,720 | ||||||
|
|
|
|||||||
| 1,237,884 | ||||||||
| Romania — 0.1% | ||||||||
|
Romanian Government International Bond |
||||||||
|
4.00%, 02/14/51(f) |
100 | 70,023 | ||||||
|
5.13%, 06/15/48(f) |
100 | 83,259 | ||||||
|
6.00%, 05/25/34(f) |
30 | 29,226 | ||||||
|
6.13%, 01/22/44(f) |
100 | 94,263 | ||||||
|
7.63%, 01/17/53 |
100 | 108,502 | ||||||
|
|
|
|||||||
| 385,273 | ||||||||
| Saudi Arabia — 0.6% | ||||||||
|
Saudi Government International Bond |
||||||||
|
3.45%, 02/02/61(f) |
200 | 138,678 | ||||||
|
3.75%, 01/21/55(f) |
200 | 151,122 | ||||||
|
4.50%, 10/26/46(f) |
200 | 173,120 | ||||||
|
4.50%, 04/22/60(f) |
200 | 171,524 | ||||||
|
4.63%, 10/04/47(f) |
200 | 175,884 | ||||||
|
4.88%, 07/18/33(a) |
200 | 197,184 | ||||||
|
5.00%, 04/17/49(f) |
400 | 368,900 | ||||||
|
5.00%, 01/18/53(a) |
400 | 367,816 | ||||||
|
5.25%, 01/16/50(f) |
200 | 191,894 | ||||||
|
|
|
|||||||
| 1,936,122 | ||||||||
| Senegal — 0.0% | ||||||||
|
Senegal Government International Bond, 6.25%, 05/23/33(f) |
200 | 166,266 | ||||||
|
|
|
|||||||
| South Africa — 0.2% | ||||||||
|
Republic of South Africa Government International Bond 5.00%, 10/12/46(c) |
200 | 137,858 | ||||||
|
5.65%, 09/27/47 |
200 | 146,400 | ||||||
|
5.75%, 09/30/49 |
200 | 146,418 | ||||||
|
6.25%, 03/08/41 |
175 | 148,048 | ||||||
|
|
|
|||||||
| 578,724 | ||||||||
| South Korea — 0.1% | ||||||||
|
Korea International Bond, 3.88%, 09/20/48 |
200 | 176,754 | ||||||
|
|
|
|||||||
|
Supranational — 0.1% |
||||||||
|
European Investment Bank, 4.88%, 02/15/36 |
85 | 90,451 | ||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Supranational (continued) |
||||||||
|
Inter-American Development Bank 3.20%, 08/07/42 |
$ | 65 | $ | 54,601 | ||||
|
3.88%, 10/28/41 |
75 | 69,974 | ||||||
|
4.38%, 01/24/44 |
85 | 84,295 | ||||||
|
International Bank for Reconstruction & Development, 4.75%, 02/15/35 |
85 | 88,658 | ||||||
|
|
|
|||||||
| 387,979 | ||||||||
| Turkey — 0.3% | ||||||||
|
Turkey Government International Bond |
||||||||
|
4.88%, 04/16/43 |
200 | 127,150 | ||||||
|
5.75%, 05/11/47 |
200 | 134,712 | ||||||
|
6.00%, 01/14/41 |
300 | 214,464 | ||||||
|
6.63%, 02/17/45 |
200 | 150,386 | ||||||
|
6.75%, 05/30/40 |
100 | 77,381 | ||||||
|
6.88%, 03/17/36 |
160 | 130,115 | ||||||
|
7.25%, 03/05/38 |
100 | 87,029 | ||||||
|
8.00%, 02/14/34 |
195 | 187,945 | ||||||
|
|
|
|||||||
| 1,109,182 | ||||||||
| Ukraine — 0.0% | ||||||||
|
Ukraine Government International Bond |
||||||||
|
7.25%, 03/15/35(f)(h)(i) |
200 | 33,975 | ||||||
|
7.38%, 09/25/34(f)(h)(i) |
200 | 34,300 | ||||||
|
|
|
|||||||
| 68,275 | ||||||||
| United Arab Emirates — 0.4% | ||||||||
|
Abu Dhabi Government International Bond |
||||||||
|
3.00%, 09/15/51(f) |
200 | 141,204 | ||||||
|
3.13%, 09/30/49(f) |
400 | 289,736 | ||||||
|
3.88%, 04/16/50(f) |
200 | 165,616 | ||||||
|
4.13%, 10/11/47(f) |
200 | 173,946 | ||||||
|
Emirate of Dubai Government International Bonds, 3.90%, 09/09/50(f) |
200 | 143,988 | ||||||
|
Finance Department Government of Sharjah, 4.00%, 07/28/50(f) |
200 | 128,608 | ||||||
|
UAE International Government Bond, 3.25%, 10/19/61(f) |
200 | 145,424 | ||||||
|
|
|
|||||||
| 1,188,522 | ||||||||
| Uruguay — 0.2% | ||||||||
|
Uruguay Government International Bond |
||||||||
|
4.13%, 11/20/45 |
60 | 54,060 | ||||||
|
4.98%, 04/20/55 |
175 | 168,112 | ||||||
|
5.10%, 06/18/50 |
260 | 255,603 | ||||||
|
5.75%, 10/28/34 (Call 07/28/34) |
50 | 53,780 | ||||||
|
7.63%, 03/21/36 |
125 | 155,428 | ||||||
|
|
|
|||||||
| 686,983 | ||||||||
|
|
|
|||||||
|
Total Foreign Government Obligations — 7.7% |
26,132,958 | |||||||
|
|
|
|||||||
|
Municipal Debt Obligations |
||||||||
| Arizona — 0.0% | ||||||||
|
Salt River Project Agricultural Improvement & Power District RB BAB, 4.84%, 01/01/41 |
150 | 148,214 | ||||||
|
|
|
|||||||
|
California — 0.9% |
||||||||
|
Bay Area Toll Authority RB BAB |
||||||||
|
Series S-1, 7.04%, 04/01/50 |
50 | 64,916 | ||||||
|
Series S-3, 6.91%, 10/01/50 |
170 | 220,295 | ||||||
|
California State University RB, Class B, 2.72%, 11/01/52 |
200 | 136,209 | ||||||
|
City of San Francisco CA Public Utilities Commission Water Revenue RB BAB, 6.95%, 11/01/50 |
100 | 124,442 | ||||||
| Security | Par (000) |
Value | ||||||
|
California (continued) |
||||||||
|
East Bay Municipal Utility District Water System Revenue RB BAB, Series B, 5.87%, 06/01/40 |
$ | 50 | $ | 54,741 | ||||
|
Foothill-Eastern Transportation Corridor Agency RB, Series A, 4.09%, 01/15/49 (Call 01/15/30) |
100 | 79,023 | ||||||
|
Los Angeles County Metropolitan Transportation Authority RB BAB, Series A, 5.74%, 06/01/39 |
100 | 106,824 | ||||||
|
Los Angeles County Public Works Financing Authority RB BAB, 7.62%, 08/01/40 |
50 | 62,624 | ||||||
|
Los Angeles Department of Water & Power, RB, Series A, 5.72%, 07/01/39 |
200 | 215,131 | ||||||
|
Los Angeles Unified School District/CA GO BAB, 5.75%, 07/01/34 |
150 | 158,142 | ||||||
|
Regents of the University of California Medical Center Pooled Revenue RB, Series N, Class A, 3.26%, 05/15/60 (Call 11/15/59)(c) |
65 | 45,001 | ||||||
|
Regents of the University of California Medical Center Pooled Revenue RB BAB, Series F, 6.58%, 05/15/49 |
150 | 173,696 | ||||||
|
San Diego County Regional Transportation Commission RB BAB, 5.91%, 04/01/48 |
100 | 112,479 | ||||||
|
San Diego County Water Authority RB BAB, Series B, 6.14%, 05/01/49 |
50 | 56,389 | ||||||
|
State of California GO, 4.60%, 04/01/38 (Call 04/01/28) |
100 | 95,759 | ||||||
|
State of California GO BAB |
||||||||
|
7.30%, 10/01/39 |
100 | 122,567 | ||||||
|
7.55%, 04/01/39 |
500 | 635,606 | ||||||
|
7.60%, 11/01/40 |
145 | 186,773 | ||||||
|
University of California RB |
||||||||
|
Series AQ, 4.77%, 05/15/2115 |
150 | 130,960 | ||||||
|
Series BG, 3.07%, 05/15/51 (Call 05/15/31) |
200 | 138,081 | ||||||
|
University of California RB BAB, 5.77%, 05/15/43 |
50 | 53,737 | ||||||
|
|
|
|||||||
| 2,973,395 | ||||||||
| Colorado — 0.0% | ||||||||
|
Regional Transportation District Sales Tax Revenue RB BAB, Series B, 5.84%, 11/01/50 |
20 | 22,724 | ||||||
|
|
|
|||||||
| District of Columbia — 0.0% | ||||||||
|
District of Columbia Water & Sewer Authority RB, 4.81%, 10/01/2114 |
50 | 45,229 | ||||||
|
|
|
|||||||
| Georgia — 0.1% | ||||||||
|
Municipal Electric Authority of Georgia RB BAB |
||||||||
|
Project J, Series 2010-A, 6.64%, 04/01/57 |
92 | 101,518 | ||||||
|
Project M, Series 2010-A, 6.66%, 04/01/57 |
48 | 52,744 | ||||||
|
|
|
|||||||
| 154,262 | ||||||||
| Illinois — 0.3% | ||||||||
|
Chicago O’Hare International Airport RB, Series C, 4.57%, 01/01/54(c) |
250 | 233,287 | ||||||
|
Chicago Transit Authority Sales & Transfer Tax Receipts Revenue RB, Series B, 6.90%, 12/01/40 |
200 | 227,570 | ||||||
|
Metropolitan Water Reclamation District of Greater Chicago GOL BAB, 5.72%, 12/01/38 |
55 | 58,959 | ||||||
|
State of Illinois GO, 5.10%, 06/01/33 |
575 | 565,312 | ||||||
|
|
|
|||||||
| 1,085,128 | ||||||||
| Maryland — 0.0% | ||||||||
|
Maryland Health & Higher Educational Facilities Authority, Class D, 3.05%, 07/01/40 (Call 01/01/40) |
50 | 36,803 | ||||||
|
Maryland State Transportation Authority RB BAB, 5.89%, 07/01/43 |
50 | 53,951 | ||||||
|
|
|
|||||||
| 90,754 | ||||||||
| 72 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security | Par (000) |
Value | ||||||
|
Massachusetts — 0.1% |
||||||||
|
Commonwealth of Massachusetts GOL BAB, Series E, 5.46%, 12/01/39 |
$ | 100 | $ | 105,310 | ||||
|
Commonwealth of Massachusetts Transportation Fund Revenue RB BAB, Series A, 5.73%, 06/01/40 |
25 | 26,469 | ||||||
|
Massachusetts School Building Authority RB BAB, Series B, 5.72%, 08/15/39 |
50 | 53,553 | ||||||
|
|
|
|||||||
| 185,332 | ||||||||
| Michigan — 0.1% | ||||||||
|
Great Lakes Water Authority Sewage Disposal System Revenue RB, 3.06%, 07/01/39 |
100 | 79,649 | ||||||
|
Michigan State University RB, 4.17%, 08/15/2122 (Call 02/15/2122) |
100 | 78,568 | ||||||
|
University of Michigan RB, Series B, 2.44%, 04/01/40 (Call 10/01/39) |
200 | 145,968 | ||||||
|
|
|
|||||||
| 304,185 | ||||||||
| Missouri — 0.0% | ||||||||
|
Health & Educational Facilities Authority of the State of Missouri RB, Series A, 3.23%, 05/15/50 (Call 11/15/49) |
100 | 75,454 | ||||||
|
|
|
|||||||
|
New Jersey — 0.1% |
||||||||
|
New Jersey State Turnpike Authority RB BAB, Series F, 7.41%, 01/01/40 |
150 | 188,366 | ||||||
|
New Jersey Transportation Trust Fund Authority RB BAB, Series B, 6.56%, 12/15/40 |
50 | 55,267 | ||||||
|
New Jersey Turnpike Authority RB BAB, Series A, 7.10%, 01/01/41 |
100 | 122,499 | ||||||
|
|
|
|||||||
| 366,132 | ||||||||
| New York — 0.4% | ||||||||
|
City of New York NY GO BAB, Series C-1, 5.52%, 10/01/37 |
100 | 103,949 | ||||||
|
Metropolitan Transportation Authority RB BAB |
||||||||
|
7.34%, 11/15/39 |
150 | 184,152 | ||||||
|
Series E, 6.81%, 11/15/40 |
100 | 108,922 | ||||||
|
New York City Municipal Water Finance Authority RB, 5.44%, 06/15/43 |
200 | 213,203 | ||||||
|
New York City Transitional Finance Authority Future Tax Secured Revenue RB BAB |
||||||||
|
5.51%, 08/01/37 |
50 | 51,929 | ||||||
|
5.57%, 11/01/38 |
50 | 51,962 | ||||||
|
New York State Dormitory Authority RB, Series F, 3.11%, 02/15/39 |
100 | 81,124 | ||||||
|
New York State Dormitory Authority RB BAB, Series F, 5.63%, 03/15/39 |
100 | 104,648 | ||||||
|
New York State Thruway Authority RB, Series M, 3.50%, 01/01/42 (Call 01/01/30) |
75 | 61,512 | ||||||
|
New York State Urban Development Corp. RB BAB, 5.77%, 03/15/39 |
55 | 56,846 | ||||||
|
Port Authority of New York & New Jersey RB |
||||||||
|
3.29%, 08/01/69 |
150 | 103,660 | ||||||
|
Series 168, 4.93%, 10/01/51 |
80 | 79,973 | ||||||
|
Series 174, 4.46%, 10/01/62 |
100 | 91,306 | ||||||
|
Series 181, 4.96%, 08/01/46 |
50 | 50,152 | ||||||
|
Series 225, 3.18%, 07/15/60 (Call 07/15/31) |
70 | 48,431 | ||||||
|
|
|
|||||||
| 1,391,769 | ||||||||
| Ohio — 0.1% | ||||||||
|
American Municipal Power Inc. RB BAB, Series B, 8.08%, 02/15/50 |
50 | 68,244 | ||||||
|
Ohio State University (The) RB, Series A, 4.80%, 06/01/2111 |
75 | 68,403 | ||||||
|
Ohio State University (The) RB BAB, Series C, 4.91%, 06/01/40 |
100 | 100,055 | ||||||
| Security | Par (000) |
Value | ||||||
|
Ohio (continued) |
||||||||
|
Ohio Water Development Authority Water Pollution Control Loan Fund RB, Series B-2, 4.88%, 12/01/34 |
$ | 25 | $ | 24,914 | ||||
|
|
|
|||||||
| 261,616 | ||||||||
| Oklahoma — 0.0% | ||||||||
|
Oklahoma Development Finance Authority RB |
||||||||
|
4.62%, 06/01/44 |
85 | 81,276 | ||||||
|
4.71%, 05/01/52 |
25 | 23,594 | ||||||
|
|
|
|||||||
| 104,870 | ||||||||
| Oregon — 0.0% | ||||||||
|
State of Oregon Department of Transportation RB BAB, Series 2010-A, 5.83%, 11/15/34 |
100 | 106,772 | ||||||
|
|
|
|||||||
|
Tennessee — 0.0% |
||||||||
|
Metropolitan Government of Nashville & Davidson County Convention Center Authority RB BAB, Series B, 6.73%, 07/01/43 |
40 | 45,270 | ||||||
|
|
|
|||||||
|
Texas — 0.3% |
||||||||
|
City of San Antonio Texas Electric & Gas Systems Revenue RB BAB, 5.81%, 02/01/41 |
50 | 54,643 | ||||||
|
Dallas Area Rapid Transit RB, 2.61%, 12/01/48 (Call 12/01/31) |
100 | 68,654 | ||||||
|
Dallas Area Rapid Transit RB BAB, Series B, 6.00%, 12/01/44 |
100 | 111,825 | ||||||
|
Dallas County Hospital District GOL BAB, Series C, 5.62%, 08/15/44 |
30 | 32,684 | ||||||
|
Dallas Fort Worth International Airport RB |
||||||||
|
4.51%, 11/01/51 (Call 11/01/32) |
45 | 42,540 | ||||||
|
Series C, Class C, 2.92%, 11/01/50(c) |
100 | 72,844 | ||||||
|
Dallas Independent School District GO BAB, Series C, 6.45%, 02/15/35 (Call 03/31/23) (PSF) |
40 | 40,115 | ||||||
|
Grand Parkway Transportation Corp. RB, 3.24%, 10/01/52 (Call 04/01/30) |
150 | 112,723 | ||||||
|
North Texas Tollway Authority RB BAB, Series B, 6.72%, 01/01/49 |
50 | 62,130 | ||||||
|
State of Texas GO BAB, Series A, 4.68%, 04/01/40 |
100 | 98,596 | ||||||
|
Texas Private Activity Bond Surface Transportation Corp. RB, Series B, 3.92%, 12/31/49 |
100 | 78,851 | ||||||
|
Texas Transportation Commission GO, 2.47%, 10/01/44 (Call 10/01/30) |
50 | 35,512 | ||||||
|
University of Texas System (The) RB BAB, Series C, 4.79%, 08/15/46 |
150 | 150,464 | ||||||
|
|
|
|||||||
| 961,581 | ||||||||
| Virginia — 0.1% | ||||||||
|
University of Virginia RB |
||||||||
|
2.26%, 09/01/50 (Call 03/01/50) |
240 | 149,301 | ||||||
|
Series C, 4.18%, 09/01/2117 (Call 03/01/2117) |
45 | 36,020 | ||||||
|
|
|
|||||||
| 185,321 | ||||||||
| Washington — 0.0% | ||||||||
|
State of Washington GO BAB, Series F, 5.14%, 08/01/40 |
50 | 51,386 | ||||||
|
|
|
|||||||
|
Total
Municipal Debt Obligations — 2.5% |
8,559,394 | |||||||
|
|
|
|||||||
|
U.S. Government & Agency Obligations |
||||||||
|
Mortgage-Backed Securities — 0.2% |
||||||||
|
Federal National Mortgage Association, Series 2019-M4, Class A2, 3.61%, 02/25/31 |
294 | 277,121 | ||||||
|
Freddie Mac Multifamily Structured Pass Through Certificates, Series K-1514, Class A2, 2.86%, 10/25/34 (Call 10/25/34) |
500 | 420,302 | ||||||
|
|
|
|||||||
| 697,423 | ||||||||
|
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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF (Percentages shown are based on Net Assets) |
| Security |
Par (000) |
Value | ||||||
|
U.S. Government Agency Obligations — 0.5% |
||||||||
|
Federal Home Loan Banks, 5.50%, 07/15/36 |
$ | 290 | $ | 323,707 | ||||
|
Federal Home Loan Mortgage Corp., 6.25%, 07/15/32 |
375 | 434,741 | ||||||
|
Tennessee Valley Authority |
||||||||
|
3.50%, 12/15/42 |
50 | 41,331 | ||||||
|
4.65%, 06/15/35 |
75 | 74,774 | ||||||
|
5.25%, 09/15/39 |
65 | 67,660 | ||||||
|
5.38%, 04/01/56 |
500 | 541,530 | ||||||
|
5.88%, 04/01/36 |
200 | 222,566 | ||||||
|
Series B, 4.70%, 07/15/33 |
40 | 40,391 | ||||||
|
|
|
|||||||
| 1,746,700 | ||||||||
| U.S. Government Obligations — 38.6% | ||||||||
|
U.S. Treasury Note/Bond |
||||||||
|
1.13%, 05/15/40 |
2,680 | 1,696,356 | ||||||
|
1.13%, 08/15/40 |
7,730 | 4,867,484 | ||||||
|
1.25%, 05/15/50 |
3,600 | 1,998,000 | ||||||
|
1.38%, 11/15/31 |
2,925 | 2,381,133 | ||||||
|
1.38%, 11/15/40 |
6,800 | 4,467,812 | ||||||
|
1.38%, 08/15/50 |
3,890 | 2,231,887 | ||||||
|
1.63%, 11/15/50 |
4,670 | 2,864,023 | ||||||
|
1.75%, 08/15/41 |
4,450 | 3,084,406 | ||||||
|
1.88%, 02/15/41 |
3,910 | 2,794,428 | ||||||
|
1.88%, 02/15/51 |
6,100 | 3,986,922 | ||||||
|
1.88%, 11/15/51 |
4,240 | 2,759,975 | ||||||
|
2.00%, 11/15/41 |
3,800 | 2,744,906 | ||||||
|
2.00%, 02/15/50 |
3,050 | 2,063,039 | ||||||
|
2.00%, 08/15/51 |
4,400 | 2,959,687 | ||||||
|
2.25%, 05/15/41 |
3,350 | 2,545,477 | ||||||
|
2.25%, 08/15/46 |
1,922 | 1,387,444 | ||||||
|
2.25%, 08/15/49 |
2,700 | 1,937,250 | ||||||
|
2.25%, 02/15/52 |
4,950 | 3,535,383 | ||||||
|
2.38%, 02/15/42 |
3,790 | 2,915,339 | ||||||
|
2.38%, 11/15/49 |
2,160 | 1,594,013 | ||||||
|
2.38%, 05/15/51 |
4,400 | 3,232,625 | ||||||
|
2.50%, 02/15/45 |
1,930 | 1,474,641 | ||||||
|
2.50%, 02/15/46 |
895 | 680,480 | ||||||
|
2.50%, 05/15/46 |
1,750 | 1,330,273 | ||||||
|
2.75%, 08/15/42 |
1,450 | 1,181,070 | ||||||
|
2.75%, 11/15/42 |
2,355 | 1,913,438 | ||||||
|
2.75%, 08/15/47 |
3,400 | 2,704,594 | ||||||
|
2.75%, 11/15/47 |
3,800 | 3,023,375 | ||||||
|
2.88%, 05/15/43 |
2,150 | 1,778,117 | ||||||
|
2.88%, 08/15/45 |
500 | 407,891 | ||||||
|
2.88%, 11/15/46 |
850 | 693,016 | ||||||
|
2.88%, 05/15/49 |
2,600 | 2,126,313 | ||||||
|
2.88%, 05/15/52 |
5,300 | 4,346,000 | ||||||
|
3.00%, 05/15/42 |
1,000 | 850,625 | ||||||
|
3.00%, 11/15/45 |
500 | 416,953 | ||||||
|
3.00%, 02/15/47 |
1,300 | 1,082,656 | ||||||
|
3.00%, 05/15/47 |
2,300 | 1,916,547 | ||||||
|
3.00%, 02/15/48 |
2,550 | 2,126,859 | ||||||
|
3.00%, 08/15/48 |
2,640 | 2,204,400 | ||||||
|
3.00%, 02/15/49 |
2,755 | 2,306,021 | ||||||
|
3.00%, 08/15/52 |
5,650 | 4,756,594 | ||||||
|
3.13%, 11/15/41 |
600 | 523,969 | ||||||
|
3.13%, 02/15/42 |
800 | 695,750 | ||||||
|
3.13%, 02/15/43 |
500 | 430,859 | ||||||
|
3.13%, 08/15/44 |
1,050 | 898,242 | ||||||
|
3.13%, 05/15/48 |
3,035 | 2,593,028 | ||||||
| Security | Par/ Shares (000) |
Value | ||||||
|
U.S. Government Obligations (continued) |
||||||||
|
3.25%, 05/15/42 |
$ | 3,690 | $ | 3,262,767 | ||||
|
3.38%, 08/15/42 |
2,240 | 2,017,050 | ||||||
|
3.38%, 05/15/44 |
1,450 | 1,293,445 | ||||||
|
3.38%, 11/15/48 |
2,500 | 2,238,281 | ||||||
|
3.50%, 02/15/33 |
500 | 483,594 | ||||||
|
3.50%, 02/15/39 |
1,060 | 998,222 | ||||||
|
3.63%, 08/15/43 |
1,450 | 1,349,859 | ||||||
|
3.63%, 02/15/53 |
400 | 381,063 | ||||||
|
3.75%, 11/15/43 |
2,300 | 2,178,531 | ||||||
|
3.88%, 08/15/40 |
650 | 637,203 | ||||||
|
4.00%, 11/15/42 |
4,100 | 4,043,625 | ||||||
|
4.00%, 11/15/52 |
6,340 | 6,456,894 | ||||||
|
4.38%, 11/15/39 |
630 | 658,350 | ||||||
|
4.38%, 05/15/40 |
895 | 933,038 | ||||||
|
4.50%, 02/15/36 |
400 | 426,813 | ||||||
|
4.63%, 02/15/40 |
1,000 | 1,075,781 | ||||||
|
4.75%, 02/15/37 |
200 | 218,594 | ||||||
|
5.00%, 05/15/37 |
1,050 | 1,173,375 | ||||||
|
|
|
|||||||
| 130,335,785 | ||||||||
|
|
|
|||||||
|
Total U.S. Government & Agency Obligations — 39.3% |
|
132,779,908 | ||||||
|
|
|
|||||||
|
Total Long-Term Investments — 98.3% (Cost: $411,454,593) |
332,274,727 | |||||||
|
|
|
|||||||
|
Short-Term Securities |
||||||||
|
Money Market Funds — 1.9% |
||||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares, 4.41%(j)(k)(l) |
6,400 | 6,400,248 | ||||||
|
|
|
|||||||
|
Total Short-Term Securities — 1.9% |
6,400,248 | |||||||
|
|
|
|||||||
|
Total Investments — 100.2% |
338,674,975 | |||||||
|
Liabilities in Excess of Other Assets — (0.2)% |
(646,065 | ) | ||||||
|
|
|
|||||||
|
Net Assets — 100.0% |
$ | 338,028,910 | ||||||
|
|
|
|||||||
| (a) |
Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
| (b) |
Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
| (c) |
All or a portion of this security is on loan. |
| (d) |
Zero-coupon bond. |
| (e) |
Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. |
| (f) |
This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
| (g) |
U.S. dollar denominated security issued by foreign domiciled entity. |
| (h) |
Issuer filed for bankruptcy and/or is in default. |
| (i) |
Non-income producing security. |
| (j) |
Affiliate of the Fund. |
| (k) |
Annualized 7-day yield as of period end. |
| (l) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
| 74 |
2 0 2 3 I S H A R E S 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 (continued) February 28, 2023 |
iShares® Core 10+ Year USD Bond ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended February 28, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer |
Value at 02/28/22 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 02/28/23 |
Shares Held at 02/28/23 (000) |
Income |
Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
BlackRock Cash Funds: Treasury, SL Agency Shares |
$ | 2,513,107 | $ | 3,887,141 | (a) | $ | — | $ | — | $ | — | $ | 6,400,248 | 6,400 | $ | 81,423 | (b) | $ | 2 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||
| (a) |
Represents net amount purchased (sold). |
| (b) |
All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. 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 | |||||||||||||
|
Assets |
||||||||||||||||
|
Investments |
||||||||||||||||
|
Long-Term Investments |
||||||||||||||||
|
Corporate Bonds & Notes |
$ | — | $ | 164,802,467 | $ | — | $ | 164,802,467 | ||||||||
|
Foreign Government Obligations |
— | 26,132,958 | — | 26,132,958 | ||||||||||||
|
Municipal Debt Obligations |
— | 8,559,394 | — | 8,559,394 | ||||||||||||
|
U.S. Government & Agency Obligations |
— | 132,779,908 | — | 132,779,908 | ||||||||||||
|
Short-Term Securities |
||||||||||||||||
|
Money Market Funds |
6,400,248 | — | — | 6,400,248 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 6,400,248 | $ | 332,274,727 | $ | — | $ | 338,674,975 | |||||||||
|
|
|
|
|
|
|
|
|
|||||||||
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 |
75 |
Statements of Assets and Liabilities
February 28, 2023
|
iShares Core 5-10 Year USD Bond ETF |
iShares Core 10+ Year USD Bond ETF |
|||||||
|
|
||||||||
|
ASSETS |
||||||||
|
Investments, at value — unaffiliated(a)(b) |
$ | 164,187,455 | $ | 332,274,727 | ||||
|
Investments, at value — affiliated(c) |
29,692,863 | 6,400,248 | ||||||
|
Cash |
347 | 5,912 | ||||||
|
Foreign currency, at value(d) |
14 | 45 | ||||||
|
Receivables: |
||||||||
|
Investments sold |
1,782,549 | 1,473,712 | ||||||
|
Securities lending income — affiliated |
1,868 | 3,648 | ||||||
|
TBA sales commitments |
2,898,891 | — | ||||||
|
Capital shares sold |
175,271 | 11,785 | ||||||
|
Dividends — affiliated |
106,413 | 8,528 | ||||||
|
Interest — unaffiliated |
901,850 | 3,757,457 | ||||||
|
|
|
|
|
|||||
|
Total assets |
199,747,521 | 343,936,062 | ||||||
|
|
|
|
|
|||||
|
LIABILITIES |
||||||||
|
Collateral on securities loaned, at value |
1,261,336 | 3,278,248 | ||||||
|
TBA sales commitments, at value(e) |
2,895,417 | — | ||||||
|
Payables: |
||||||||
|
Investments purchased |
32,741,499 | 2,613,126 | ||||||
|
Investment advisory fees |
5,471 | 15,778 | ||||||
|
|
|
|
|
|||||
|
Total liabilities |
36,903,723 | 5,907,152 | ||||||
|
|
|
|
|
|||||
|
NET ASSETS |
$ | 162,843,798 | $ | 338,028,910 | ||||
|
|
|
|
|
|||||
|
NET ASSETS CONSIST OF |
||||||||
|
Paid-in capital |
$ | 176,970,812 | $ | 421,139,514 | ||||
|
Accumulated loss |
(14,127,014 | ) | (83,110,604 | ) | ||||
|
|
|
|
|
|||||
|
NET ASSETS |
$ | 162,843,798 | $ | 338,028,910 | ||||
|
|
|
|
|
|||||
|
NET ASSET VALUE |
||||||||
|
Shares outstanding |
3,800,000 | 6,550,000 | ||||||
|
|
|
|
|
|||||
|
Net asset value |
$ | 42.85 | $ | 51.61 | ||||
|
|
|
|
|
|||||
|
Shares authorized |
Unlimited | Unlimited | ||||||
|
|
|
|
|
|||||
|
Par value |
None | None | ||||||
|
|
|
|
|
|||||
|
(a) Investments, at cost — unaffiliated |
$ | 175,890,940 | $ | 411,454,593 | ||||
|
(b) Securities loaned, at value |
$ | 1,215,461 | $ | 3,150,872 | ||||
|
(c) Investments, at cost — affiliated |
$ | 29,675,915 | $ | 6,400,248 | ||||
|
(d) Foreign currency, at cost |
$ | 14 | $ | 41 | ||||
|
(e) Proceeds from TBA sales commitments |
$ | 2,898,891 | $ | — | ||||
See notes to financial statements.
| 76 |
2 0 2 3 I S H A R E S 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 |
Year Ended February 28, 2023
|
iShares Core 5-10 Year USD Bond ETF |
iShares Core 10+ Year USD Bond ETF |
|||||||
|
INVESTMENT INCOME |
||||||||
|
Dividends — affiliated |
$ | 452,713 | $ | 43,159 | ||||
|
Interest — unaffiliated |
3,324,156 | 11,404,880 | ||||||
|
Securities lending income — affiliated — net |
12,038 | 38,264 | ||||||
|
Other income — unaffiliated |
2,007 | 5,381 | ||||||
|
|
|
|
|
|||||
|
Total investment income |
3,790,914 | 11,491,684 | ||||||
|
|
|
|
|
|||||
|
EXPENSES |
||||||||
|
Investment advisory |
71,448 | 168,231 | ||||||
|
|
|
|
|
|||||
|
Total expenses |
71,448 | 168,231 | ||||||
|
Less: |
||||||||
|
Investment advisory fees waived |
(13,740 | ) | — | |||||
|
|
|
|
|
|||||
|
Total expenses after fees waived |
57,708 | 168,231 | ||||||
|
|
|
|
|
|||||
|
Net investment income |
3,733,206 | 11,323,453 | ||||||
|
|
|
|
|
|||||
|
REALIZED AND UNREALIZED GAIN (LOSS) |
||||||||
|
Net realized gain (loss) from: |
||||||||
|
Investments — unaffiliated |
(2,683,971 | ) | (4,760,687 | ) | ||||
|
Investments — affiliated |
831 | — | ||||||
|
Capital gain distributions from underlying funds — affiliated |
— | 2 | ||||||
|
In-kind redemptions — unaffiliated(a) |
(2,531,230 | ) | (6,251,483 | ) | ||||
|
|
|
|
|
|||||
| (5,214,370 | ) | (11,012,168 | ) | |||||
|
|
|
|
|
|||||
|
Net change in unrealized appreciation (depreciation) on: |
||||||||
|
Investments — unaffiliated |
(8,965,708 | ) | (64,254,681 | ) | ||||
|
Investments — affiliated |
15,723 | — | ||||||
|
Foreign currency translations |
— | 4 | ||||||
|
|
|
|
|
|||||
| (8,949,985 | ) | (64,254,677 | ) | |||||
|
|
|
|
|
|||||
|
Net realized and unrealized loss |
(14,164,355 | ) | (75,266,845 | ) | ||||
|
|
|
|
|
|||||
|
NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (10,431,149 | ) | $ | (63,943,392 | ) | ||
|
|
|
|
|
|||||
| (a) |
See Note 2 of the Notes to Financial Statements. |
See notes to financial statements.
|
F I N A N C I A L S T A T E M E N T S |
77 |
Statements of Changes in Net Assets
|
iShares Core 5-10 Year USD Bond ETF |
iShares Core 10+ Year USD Bond ETF |
|||||||||||||||
|
|
|
|
|
|||||||||||||
|
Year Ended 02/28/23 |
Year Ended 02/28/22 |
Year Ended 02/28/23 |
Year Ended 02/28/22 |
|||||||||||||
|
|
||||||||||||||||
|
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||
|
OPERATIONS |
||||||||||||||||
|
Net investment income |
$ | 3,733,206 | $ | 2,281,094 | $ | 11,323,453 | $ | 11,822,169 | ||||||||
|
Net realized gain (loss) |
(5,214,370 | ) | 257,345 | (11,012,168 | ) | 6,015,342 | ||||||||||
|
Net change in unrealized appreciation (depreciation) |
(8,949,985 | ) | (6,306,707 | ) | (64,254,677 | ) | (26,852,701 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Net decrease in net assets resulting from operations |
(10,431,149 | ) | (3,768,268 | ) | (63,943,392 | ) | (9,015,190 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||
|
Decrease in net assets resulting from distributions to shareholders |
(3,367,572 | ) | (3,107,440 | ) | (10,987,132 | ) | (12,100,359 | ) | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||
|
Net increase (decrease) in net assets derived from capital share transactions |
69,377,536 | (9,588,966 | ) | 106,430,125 | (112,783,475 | ) | ||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
NET ASSETS |
||||||||||||||||
|
Total increase (decrease) in net assets |
55,578,815 | (16,464,674 | ) | 31,499,601 | (133,899,024 | ) | ||||||||||
|
Beginning of year |
107,264,983 | 123,729,657 | 306,529,309 | 440,428,333 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
End of year |
$ | 162,843,798 | $ | 107,264,983 | $ | 338,028,910 | $ | 306,529,309 | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| (a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
| 78 |
2 0 2 3 I S H A R E S 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 |
(For a share outstanding throughout each period)
| iShares Core 5-10 Year USD Bond ETF | ||||||||||||||||||||||||||||||||||||||||
| Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||||
| 02/28/23 | 02/28/22 | 02/28/21 | 02/29/20 | 02/28/19 | ||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||
|
Net asset value, beginning of year |
$ | 48.76 | $ | 51.55 | $ | 51.67 | $ | 48.49 | $ | 48.16 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Net investment income(a) |
1.39 | 0.91 | 1.09 | 1.49 | 1.54 | |||||||||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)(b) |
(6.00 | ) | (2.46 | ) | 0.15 | 3.15 | 0.25 | |||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Net increase (decrease) from investment operations |
(4.61 | ) | (1.55 | ) | 1.24 | 4.64 | 1.79 | |||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Distributions(c) |
||||||||||||||||||||||||||||||||||||||||
|
From net investment income |
(1.30 | ) | (0.86 | ) | (1.36 | ) | (1.46 | ) | (1.46 | ) | ||||||||||||||||||||||||||||||
|
From net realized gain |
— | (0.38 | ) | — | — | — | ||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Total distributions |
(1.30 | ) | (1.24 | ) | (1.36 | ) | (1.46 | ) | (1.46 | ) | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Net asset value, end of year |
$ | 42.85 | $ | 48.76 | $ | 51.55 | $ | 51.67 | $ | 48.49 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Total Return(d) |
||||||||||||||||||||||||||||||||||||||||
|
Based on net asset value |
(9.51 | )% | (3.07 | )% | 2.39 | % | 9.72 | % | 3.81 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||||||||||||
|
Total expenses |
0.06 | % | 0.06 | % | 0.06 | % | 0.06 | % | 0.06 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Total expenses after fees waived |
0.05 | % | 0.05 | % | 0.05 | % | 0.05 | % | 0.04 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Net investment income |
3.14 | % | 1.79 | % | 2.09 | % | 2.97 | % | 3.22 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Supplemental Data |
||||||||||||||||||||||||||||||||||||||||
|
Net assets, end of year (000) |
$ | 162,844 | $ | 107,265 | $ | 123,730 | $ | 118,852 | $ | 58,187 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Portfolio turnover rate(f)(g) |
335 | % | 279 | % | 384 | % | 377 | % | 481 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| (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) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (f) |
Portfolio turnover rate excludes in-kind transactions. |
| (g) |
Includes mortgage dollar roll transactions (“MDRs”). |
See notes to financial statements.
|
F I N A N C I A L H I G H L I G H T S |
79 |
Financial Highlights (continued)
(For a share outstanding throughout each period)
| iShares Core 10+ Year USD Bond ETF | ||||||||||||||||||||||||||||||||||||||||
|
|
|
|||||||||||||||||||||||||||||||||||||||
| Year Ended | Year Ended | Year Ended | Year Ended | Year Ended | ||||||||||||||||||||||||||||||||||||
| 02/28/23 | 02/28/22 | 02/28/21 | 02/29/20 | 02/28/19 | ||||||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||||||||||
|
Net asset value, beginning of year |
$ | 66.64 | $ | 71.04 | $ | 73.73 | $ | 59.94 | $ | 61.20 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Net investment income(a) |
2.21 | 2.17 | 2.24 | 2.37 | 2.39 | |||||||||||||||||||||||||||||||||||
|
Net realized and unrealized gain (loss)(b) |
(15.04 | ) | (4.38 | ) | (2.40 | ) | 13.77 | (1.21 | ) | |||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Net increase (decrease) from investment operations |
(12.83 | ) | (2.21 | ) | (0.16 | ) | 16.14 | 1.18 | ||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Distributions(c) |
||||||||||||||||||||||||||||||||||||||||
|
From net investment income |
(2.20 | ) | (2.19 | ) | (2.23 | ) | (2.35 | ) | (2.44 | ) | ||||||||||||||||||||||||||||||
|
From net realized gain |
— | — | (0.30 | ) | — | — | ||||||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Total distributions |
(2.20 | ) | (2.19 | ) | (2.53 | ) | (2.35 | ) | (2.44 | ) | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Net asset value, end of year |
$ | 51.61 | $ | 66.64 | $ | 71.04 | $ | 73.73 | $ | 59.94 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Total Return(d) |
||||||||||||||||||||||||||||||||||||||||
|
Based on net asset value |
(19.44 | )% | (3.23 | )% | (0.36 | )% | 27.44 | % | 2.04 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Ratios to Average Net Assets(e) |
||||||||||||||||||||||||||||||||||||||||
|
Total expenses |
0.06 | % | 0.06 | % | 0.06 | % | 0.06 | % | 0.06 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Net investment income |
4.04 | % | 3.05 | % | 3.00 | % | 3.54 | % | 4.01 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Supplemental Data |
||||||||||||||||||||||||||||||||||||||||
|
Net assets, end of year (000) |
$ | 338,029 | $ | 306,529 | $ | 440,428 | $ | 357,608 | $ | 227,785 | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
|
Portfolio turnover rate(f) |
10 | % | 15 | % | 17 | % | 9 | % | 10 | % | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||||||
| (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) |
Excludes fees and expenses incurred indirectly as a result of investments in underlying funds. |
| (f) |
Portfolio turnover rate excludes in-kind transactions. |
See notes to financial statements.
| 80 |
2 0 2 3 I S H A R E S 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 |
| 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 |
|||
|
Core 5-10 Year USD Bond |
Diversified | |||
|
Core 10+ Year USD Bond |
Diversified | |||
| 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 (the “trade dates”). 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, and payment-in-kind interest are recognized daily on an accrual basis.
Foreign Currency Translation: Each Fund’s books and records are maintained in U.S. dollars. Securities and other assets and liabilities denominated in foreign currencies are translated into U.S. dollars using prevailing market rates as quoted by one or more data service providers. Purchases and sales of investments are recorded at the rates of exchange prevailing on the respective dates of such transactions. Generally, when the U.S. dollar rises in value against a foreign currency, the investments denominated in that currency will lose value; the opposite effect occurs if the U.S. dollar falls in relative value.
Each Fund does not isolate the effect of fluctuations in foreign exchange rates from the effect of fluctuations in the market prices of investments for financial reporting purposes. Accordingly, the effects of changes in exchange rates on investments are not segregated in the Statements of Operations from the effects of changes in market prices of those investments, but are included as a component of net realized and unrealized gain (loss) from investments. Each Fund reports realized currency gains (losses) on foreign currency related transactions as components of net realized gain (loss) for financial reporting purposes, whereas such components are generally treated as ordinary income for U.S. federal income tax purposes.
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. The Board of Trustees of the Trust (the “Board”) of each Fund has approved the designation of BlackRock Fund Advisors (“BFA”), the Funds’ investment adviser, as the valuation designee for each Fund. Each Fund determines the fair values of its financial instruments using various independent dealers or pricing services under BFA’s policies. 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 BFA’s policies and procedures as reflecting fair value. BFA has formed a committee (the “Valuation Committee”) to develop pricing policies and procedures and to oversee the pricing function for all financial instruments, with assistance from other BlackRock pricing committees.
Fair Value Inputs and Methodologies: The following methods and inputs are used to establish the fair value of each Fund’s assets and liabilities:
|
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 |
81 |
Notes to Financial Statements (continued)
| • |
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 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 BFA 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 Valuation Committee, in accordance with BFA’s policies and procedures as reflecting fair value (“Fair Valued Investments”). The fair valuation approaches that may be used by the 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 Valuation Committee 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 Valuation Committee deems relevant and consistent with the principles of fair value measurement.
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 Valuation Committee’s assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds 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 |
Asset-Backed and Mortgage-Backed Securities: Asset-backed securities are generally issued as pass-through certificates or as debt instruments. Asset-backed securities issued as pass-through certificates represent undivided fractional ownership interests in an underlying pool of assets. Asset-backed securities issued as debt instruments, which are also known as collateralized obligations, are typically issued as the debt of a special purpose entity organized solely for the purpose of owning such assets and issuing such debt. Asset-backed securities are often backed by a pool of assets representing the obligations of a number of different parties. The yield characteristics of certain asset-backed securities may differ from traditional debt securities. One such major difference is that all or a principal part of the obligations may be prepaid at any time because the underlying assets (i.e., loans) may be prepaid at any time. As a result, a decrease in interest rates in the market may result in increases in the level of prepayments as borrowers, particularly mortgagors, refinance and repay their loans. An increased prepayment rate with respect to an asset-backed security will have the effect of shortening the maturity of the security. In addition, a fund may subsequently have to reinvest the proceeds at lower interest rates. If a fund has purchased such an asset-backed security at a premium, a faster than anticipated prepayment rate could result in a loss of principal to the extent of the premium paid.
For mortgage pass-through securities (the “Mortgage Assets”) there are a number of important differences among the agencies and instrumentalities of the U.S. Government that issue mortgage-related securities and among the securities that they issue. For example, mortgage-related securities guaranteed by Ginnie Mae are guaranteed as to the timely payment of principal and interest by Ginnie Mae and such guarantee is backed by the full faith and credit of the United States. However, mortgage-related securities issued by Freddie Mac and Fannie Mae, including Freddie Mac and Fannie Mae guaranteed mortgage pass-through certificates, which are solely the obligations of Freddie Mac and Fannie Mae, are not backed by or entitled to the full faith and credit of the United States, but are supported by the right of the issuer to borrow from the U.S. Treasury.
| 82 |
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Notes to Financial Statements (continued)
Non-agency mortgage-backed securities are securities issued by non-governmental issuers and have no direct or indirect government guarantees of payment and are subject to various risks. Non-agency mortgage loans are obligations of the borrowers thereunder only and are not typically insured or guaranteed by any other person or entity. The ability of a borrower to repay a loan is dependent upon the income or assets of the borrower. A number of factors, including a general economic downturn, acts of God, terrorism, social unrest and civil disturbances, may impair a borrower’s ability to repay its loans.
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.
TBA Commitments: TBA commitments are forward agreements for the purchase or sale of securities, including mortgage-backed securities for a fixed price, with payment and delivery on an agreed upon future settlement date. The specific securities to be delivered are not identified at the trade date. However, delivered securities must meet specified terms, including issuer, rate and mortgage terms. When entering into TBA commitments, a fund may take possession of or deliver the underlying mortgage-backed securities but can extend the settlement or roll the transaction. TBA commitments involve a risk of loss if the value of the security to be purchased or sold declines or increases, respectively, prior to settlement date, if there are expenses or delays in connection with the TBA transactions, or if the counterparty fails to complete the transaction.
Mortgage Dollar Roll Transactions: Certain Funds may sell TBA mortgage-backed securities and simultaneously contract to repurchase substantially similar (i.e., same type, coupon and maturity) securities on a specific future date at an agreed upon price. During the period between the sale and repurchase, a fund is not entitled to receive interest and principal payments on the securities sold. Mortgage dollar roll transactions are treated as purchases and sales and a fund realizes gains and losses on these transactions. Mortgage dollar rolls involve the risk that the market value of the securities that a fund is required to purchase may decline below the agreed upon repurchase price of those securities.
Securities Lending: Each Fund may lend its securities to approved borrowers, such as brokers, dealers and other financial institutions. The borrower pledges and maintains with the Fund collateral consisting of cash, an irrevocable letter of credit issued by an approved bank, or securities issued or guaranteed by the U.S. government. The initial collateral received by each Fund is required to have a value of at least 102% of the current market value of the loaned securities for securities traded on U.S. exchanges and a value of at least 105% for all other securities. The collateral is maintained thereafter at a value equal to at least 100% of the current value of the securities on loan. The market value of the loaned securities is determined at the close of each business day of the Fund and any additional required collateral is delivered to the Fund or excess collateral is returned by the Fund, on the next business day. During the term of the loan, each Fund is entitled to all distributions made on or in respect of the loaned securities but does not receive interest income on securities received as collateral. Loans of securities are terminable at any time and the borrower, after notice, is required to return borrowed securities within the standard time period for settlement of securities transactions.
As of period end, any securities on loan were collateralized by cash and/or U.S. Government obligations. Cash collateral invested in money market funds managed by BFA, or its affiliates is disclosed in the Schedule of Investments. Any non-cash collateral received cannot be sold, re-invested or pledged by the Fund, except in the event of borrower default. The securities on loan, if any, are also disclosed in each Fund’s Schedule of Investments. The market value of any securities on loan and the value of any related cash collateral are disclosed in the Statements of Assets and Liabilities.
Securities lending transactions are entered into by the Funds under Master Securities Lending Agreements (each, an “MSLA”) which provide the right, in the event of default (including bankruptcy or insolvency) for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. In the event that a borrower defaults, the Funds, as lender, would offset the market value of the collateral received against the market value of the securities loaned. When the value of the collateral is greater than that of the market value of the securities loaned, the lender is left with a net amount payable to the defaulting party. However, bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against such a right of offset in the event of an MSLA counterparty’s bankruptcy or insolvency. Under the MSLA, absent an event of default, the borrower can resell or re-pledge the loaned securities, and the Funds can reinvest cash collateral received in connection with loaned securities. Upon an event of default, the parties’ obligations to return the securities or collateral to the other party are extinguished, and the parties can resell or re-pledge the loaned securities or the collateral received in connection with the loaned securities in order to satisfy the defaulting party’s net payment obligation for all transactions under the MSLA. The defaulting party remains liable for any deficiency.
|
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 |
83 |
Notes to Financial Statements (continued)
As of period end, the following table is a summary of the securities on loan by counterparty which are subject to offset under an MSLA:
|
iShares ETF and Counterparty |
|
Securities Loaned at Value |
|
|
Cash Collateral Received |
(a) |
|
Non-Cash Collateral Received, at Fair Value |
(a) |
Net Amount | ||||||
|
Core 5-10 Year USD Bond |
||||||||||||||||
|
Barclays Bank PLC |
$ | 84,828 | $ | (84,828 | ) | $ | — | $ | — | |||||||
|
BMO Capital Markets Corp. |
14,608 | (14,608 | ) | — | — | |||||||||||
|
BNP Paribas SA |
84,544 | (84,544 | ) | — | — | |||||||||||
|
Citigroup Global Markets, Inc. |
51,115 | (51,115 | ) | — | — | |||||||||||
|
Credit Suisse Securities (USA) LLC |
648 | (648 | ) | — | — | |||||||||||
|
Goldman Sachs & Co. LLC |
209,347 | (209,347 | ) | — | — | |||||||||||
|
J.P. Morgan Securities LLC |
653,725 | (653,725 | ) | — | — | |||||||||||
|
Jefferies LLC |
14,317 | (14,317 | ) | — | — | |||||||||||
|
Morgan Stanley |
25,633 | (25,633 | ) | — | — | |||||||||||
|
Nomura Securities International, Inc. |
3,365 | (3,365 | ) | — | — | |||||||||||
|
RBC Capital Markets LLC |
29,920 | (29,920 | ) | — | — | |||||||||||
|
Scotia Capital (USA), Inc. |
12,010 | (12,010 | ) | — | — | |||||||||||
|
State Street Bank & Trust Co. |
20,458 | (20,458 | ) | — | — | |||||||||||
|
Toronto-Dominion Bank |
10,943 | (10,943 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 1,215,461 | $ | (1,215,461 | ) | $ | — | $ | — | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
|
Core 10+ Year USD Bond |
||||||||||||||||
|
Barclays Bank PLC |
$ | 167,213 | $ | (167,213 | ) | $ | — | $ | — | |||||||
|
BNP Paribas SA |
509,214 | (509,214 | ) | — | — | |||||||||||
|
Citigroup Global Markets, Inc. |
146,522 | (146,522 | ) | — | — | |||||||||||
|
Deutsche Bank Securities, Inc. |
234,628 | (234,628 | ) | — | — | |||||||||||
|
Goldman Sachs & Co. LLC |
169,898 | (169,898 | ) | — | — | |||||||||||
|
J.P. Morgan Securities LLC |
953,374 | (953,374 | ) | — | — | |||||||||||
|
Jefferies LLC |
158,514 | (158,514 | ) | — | — | |||||||||||
|
Morgan Stanley |
433,257 | (433,257 | ) | — | — | |||||||||||
|
Nomura Securities International, Inc. |
28,898 | (28,898 | ) | — | — | |||||||||||
|
State Street Bank & Trust Co. |
24 | (24 | ) | — | — | |||||||||||
|
UBS AG |
152,234 | (152,234 | ) | — | — | |||||||||||
|
Wells Fargo Securities LLC |
197,096 | (197,096 | ) | — | — | |||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| $ | 3,150,872 | $ | (3,150,872 | ) | $ | — | $ | — | ||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| (a) |
Collateral received, if any, in excess of the market value of securities on loan is not presented in this table. The total cash collateral received by each Fund is disclosed in the Fund’s Statements of Assets and Liabilities. |
The risks of securities lending include the risk that the borrower may not provide additional collateral when required or may not return the securities when due. To mitigate these risks, each Fund benefits from a borrower default indemnity provided by BlackRock, Inc. (“BlackRock”). BlackRock’s indemnity allows for full replacement of the securities loaned to the extent the collateral received does not cover the value of the securities loaned in the event of borrower default. Each Fund could incur a loss if the value of an investment purchased with cash collateral falls below the market value of the loaned securities or if the value of an investment purchased with cash collateral falls below the value of the original cash collateral received. Such losses are borne entirely by each Fund.
5. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES
Investment Advisory Fees: Pursuant to an Investment Advisory Agreement with the Trust, BFA manages the investment of each Fund’s assets. BFA is a California corporation indirectly owned by 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 of the following Funds, BFAis entitled to an annual investment advisory fee, accrued daily and paid monthly by the Funds, based on the average daily net assets of each Fund as follows:
| iShares ETF | Investment Advisory Fees | |||
|
Core 5-10 Year USD Bond |
0.06 | % | ||
|
Core 10+ Year USD Bond |
0.06 | |||
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2 0 2 3 I S H A R E S 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 (continued)
Expense Waivers: A fund may incur its pro rata share of fees and expenses attributable to its investments in other investment companies (“acquired fund fees and expenses”). The total of the investment advisory fee and acquired fund fees and expenses, if any, is a fund’s total annual operating expenses. Total expenses as shown in the Statements of Operations does not include acquired fund fees and expenses.
For the iShares Core 5-10 Year USD Bond ETF, BFA has contractually agreed to waive a portion of its investment advisory fee for the Fund through February 28, 2026 in an amount equal to the acquired fund fees and expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA or its affiliates.
This amount is included in investment advisory fees waived in the Statements of Operations. For the year ended February 28, 2023, the amounts waived in investment advisory fees pursuant to this arrangement were as follows:
| iShares ETF | Amounts Waived | |||
|
Core 5-10 Year USD Bond |
$ | 13,740 | ||
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.
Securities Lending: The U.S. Securities and Exchange Commission (the “SEC”) has issued an exemptive order which permits BlackRock Institutional Trust Company, N.A. (“BTC”), an affiliate of BFA, to serve as securities lending agent for the Funds, subject to applicable conditions. As securities lending agent, BTC bears all operational costs directly related to securities lending, including any custodial costs. Each Fund is responsible for fees in connection with the investment of cash collateral received for securities on loan (the “collateral investment fees”). The cash collateral is invested in a money market fund, BlackRock Cash Funds: Institutional or BlackRock Cash Funds: Treasury, managed by BFA, or its affiliates. However, BTC has agreed to reduce the amount of securities lending income it receives in order to effectively limit the collateral investment fees each Fund bears to an annual rate of 0.04%. The SL Agency Shares of such money market fund will not be subject to a sales load, distribution fee or service fee. The money market fund in which the cash collateral has been invested may, under certain circumstances, impose a liquidity fee of up to 2% of the value redeemed or temporarily restrict redemptions for up to 10 business days during a 90 day period, in the event that the money market fund’s weekly liquid assets fall below certain thresholds.
Securities lending income is equal to the total of income earned from the reinvestment of cash collateral, net of fees and other payments to and from borrowers of securities, and less the collateral investment fees. Each Fund retains a portion of securities lending income and remits the remaining portion to BTC as compensation for its services as securities lending agent.
Pursuant to the current securities lending agreement, each Fund retains 82% of securities lending income (which excludes collateral investment fees), and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.
In addition, commencing the business day following the date that the aggregate securities lending income plus the collateral investment fees generated across all 1940 Act iShares exchange-traded funds (the “iShares ETF Complex”) in that calendar year exceeds a specified threshold, each Fund, pursuant to the securities lending agreement, will retain for the remainder of that calendar year 85% of securities lending income (which excludes collateral investment fees) and the amount retained can never be less than 70% of the total of securities lending income plus the collateral investment fees.
The share of securities lending income earned by each Fund is shown as securities lending income – affiliated – net in its Statements of Operations. For the year ended February 28, 2023, the Funds paid BTC the following amounts for securities lending agent services:
| iShares ETF | Amounts | |||
|
Core 5-10 Year USD Bond |
$ | 3,231 | ||
|
Core 10+ Year USD Bond |
9,606 | |||
Officers and Trustees: Certain officers and/or trustees of the Trust are officers and/or trustees of BlackRock or its affiliates.
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 year ended February 28, 2023, 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) |
|||||||||
|
Core 5-10 Year USD Bond |
$ | 98,451 | $ | — | $ | — | ||||||
|
Core 10+ Year USD Bond |
161,439 | 56,808 | (34,509) | |||||||||
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.
|
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 |
85 |
Notes to Financial Statements (continued)
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 year ended February 28, 2023, purchases and sales of investments, including mortgage dollar rolls and excluding short-term securities and in-kind transactions, were as follows:
| U.S. Government Securities | Other Securities | |||||||||||||||
|
|
|
|
|
|||||||||||||
| iShares ETF | Purchases | Sales | Purchases | Sales | ||||||||||||
|
Core 5-10 Year USD Bond |
$ | 420,797,168 | $ | 383,382,783 | $ | 7,022,444 | $ | 9,247,062 | ||||||||
|
Core 10+ Year USD Bond |
13,718,807 | 6,569,767 | 13,981,405 | 20,162,721 | ||||||||||||
For the year ended February 28, 2023, in-kind transactions were as follows:
| iShares ETF |
In-kind Purchases |
In-kind Sales |
||||||
|
Core 5-10 Year USD Bond |
$ | 58,705,350 | $ | 24,853,199 | ||||
|
Core 10+ Year USD Bond |
153,502,568 | 48,904,073 | ||||||
| 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 February 28, 2023, 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.
U.S. GAAP requires that certain components of net assets be adjusted to reflect permanent differences between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. As of February 28, 2023, permanent differences attributable to realized gains (losses) from in-kind redemptions were reclassified to the following accounts:
| iShares ETF | Paid-in Capital |
Accumulated Earnings (Loss) |
||||||
|
Core 5-10 Year USD Bond |
$ | (2,554,237 | ) | $ | 2,554,237 | |||
|
Core 10+ Year USD Bond |
(6,251,508 | ) | 6,251,508 | |||||
The tax character of distributions paid was as follows:
| iShares ETF |
Year Ended 02/28/23 |
Year Ended 02/28/22 |
||||||
|
Core 5-10 Year USD Bond |
||||||||
|
Ordinary income |
$ | 3,367,572 | $ | 2,160,025 | ||||
|
Long-term capital gains |
— | 947,415 | ||||||
|
|
|
|
|
|||||
| $ | 3,367,572 | $ | 3,107,440 | |||||
|
|
|
|
|
|||||
|
Core 10+ Year USD Bond |
||||||||
|
Ordinary income |
$ | 10,987,132 | $ | 12,100,359 | ||||
|
|
|
|
|
|||||
As of February 28, 2023, the tax components of accumulated net earnings (losses) were as follows:
| iShares ETF |
Undistributed Ordinary Income |
Non-expiring Capital Loss Carryforwards(a) |
Net Unrealized Gains (Losses)(b) |
Total | ||||||||||||
|
Core 5-10 Year USD Bond |
$ | 538,358 | $ | (2,955,780 | ) | $ | (11,709,592 | ) | $ | (14,127,014 | ) | |||||
|
Core 10+ Year USD Bond |
1,234,967 | (5,098,934 | ) | (79,246,637 | ) | (83,110,604 | ) | |||||||||
| (a) |
Amounts available to offset future realized capital gains. |
| (b) |
The difference between book-basis and tax-basis unrealized gains (losses) was attributable primarily to the tax deferral of losses on wash sales, amortization methods for premiums and discounts on fixed income securities, the accrual of income on securities in default and TBA transactions. |
| 86 |
2 0 2 3 I S H A R E S 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 (continued)
As of February 28, 2023, 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) |
||||||||||||
|
Core 5-10 Year USD Bond |
$ | 205,690,031 | $ | 286,617 | $ | (12,092,856 | ) | $ | (11,806,239 | ) | ||||||
|
Core 10+ Year USD Bond |
417,921,616 | 270,316 | (79,516,957 | ) | (79,246,641 | ) | ||||||||||
| 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.
The Funds may be exposed to additional risks when reinvesting cash collateral in money market funds that do not seek to maintain a stable NAV per share of $1.00, which may be subject to redemption gates or liquidity fees under certain circumstances.
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.
Infectious Illness Risk: An outbreak of an infectious illness, such as the COVID-19 pandemic, may adversely impact the economies of many nations and the global economy, and may impact individual issuers and capital markets in ways that cannot be foreseen. An infectious illness outbreak may result in, among other things, closed international borders, prolonged quarantines, supply chain disruptions, market volatility or disruptions and other significant economic, social and political impacts.
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 BFA 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 decrease as interest rates rise and increase as interest rates fall. The Funds may be subject to a greater risk of rising interest rates due to the current period of historically low interest rates. The Federal Reserve has recently begun to raise the federal funds rate as part of its efforts to address inflation. There is a risk that interest rates will continue to rise, which will likely drive down the prices of bonds and other fixed-income securities, and could negatively impact the Funds’ performance.
The Funds invest a significant portion of their assets in securities backed by commercial or residential mortgage loans or in issuers that hold mortgage and other asset-backed securities. When a fund concentrates its investments in this manner, it assumes a greater risk of prepayment or payment extension by securities issuers. Changes in economic conditions, including delinquencies and/or defaults on assets underlying these securities, can affect the value, income and/or liquidity of such positions. Investment percentages in these securities are presented in the Schedule of Investments.
|
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 |
87 |
Notes to Financial Statements (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 Funds may be exposed to financial instruments that are tied to the London Interbank Offered Rate (“LIBOR”) to determine payment obligations, financing terms, hedging strategies or investment value. The United Kingdom’s Financial Conduct Authority, which regulates LIBOR, announced that a majority of USD LIBOR settings will no longer be published after June 30, 2023. All other LIBOR settings and certain other interbank offered rates ceased to be published after December 31, 2021. The Secured Overnight Financing Rate (“SOFR”) has been used increasingly on a voluntary basis in new instruments and transactions. The Federal Reserve Board adopted regulations that provide a fallback mechanism by identifying benchmark rates based on SOFR that will replace LIBOR in certain financial contracts after June 30, 2023. 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:
| Year
Ended 02/28/23 |
Year
Ended 02/28/22 |
|||||||||||||||
| iShares ETF | Shares | Amount | Shares | Amount | ||||||||||||
|
Core 5-10 Year USD Bond |
||||||||||||||||
|
Shares sold |
2,700,000 | $ | 118,398,576 | 300,000 | $ | 15,414,777 | ||||||||||
|
Shares redeemed |
(1,100,000 | ) | (49,021,040 | ) | (500,000 | ) | (25,003,743 | ) | ||||||||
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|||||||||
| 1,600,000 | $ | 69,377,536 | (200,000 | ) | $ | (9,588,966 | ) | |||||||||
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|
Core 10+ Year USD Bond |
||||||||||||||||
|
Shares sold |
2,800,000 | $ | 156,142,351 | 450,000 | $ | 31,525,828 | ||||||||||
|
Shares redeemed |
(850,000 | ) | (49,712,226 | ) | (2,050,000 | ) | (144,309,303 | ) | ||||||||
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| 1,950,000 | $ | 106,430,125 | (1,600,000 | ) | $ | (112,783,475 | ) | |||||||||
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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.
| 88 |
2 0 2 3 I S H A R E S 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 |
Report of Independent Registered Public Accounting Firm
To the Board of Trustees of
iShares Trust and Shareholders of each of the two funds listed in the table below
Opinions on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of each of the funds listed in the table below (two of the funds constituting iShares Trust, hereafter collectively referred to as the “Funds”) as of February 28, 2023, the related statements of operations for the year ended February 28, 2023, the statements of changes in net assets for each of the two years in the period ended February 28, 2023, including the related notes, and the financial highlights for each of the five years in the period ended February 28, 2023 (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of February 28, 2023, the results of each of their operations for the year then ended, the changes in each of their net assets for each of the two years in the period ended February 28, 2023 and each of the financial highlights for each of the five years in the period ended February 28, 2023 in conformity with accounting principles generally accepted in the United States of America.
|
iShares Core 5-10 Year USD Bond ETF iShares Core 10+ Year USD Bond ETF |
Basis for Opinions
These financial statements are the responsibility of the Funds’ management. Our responsibility is to express an opinion on the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. Our procedures included confirmation of securities owned as of February 28, 2023 by correspondence with the custodian, transfer agent and brokers; when replies were not received from brokers, we performed other auditing procedures. We believe that our audits provide a reasonable basis for our opinions.
/s/PricewaterhouseCoopers LLP
Philadelphia, Pennsylvania
April 20, 2023
We have served as the auditor of one or more BlackRock investment companies since 2000.
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R E P O R T O F I N D E P E N D E N T R E G I S T E R E D P U B L I C A C C O U N T I N G F I R M |
89 |
Important Tax Information (unaudited)
The Funds hereby designate the following amounts, or maximum amounts allowable by law, of distributions from direct federal obligation interest for the fiscal year ended February 28, 2023:
| iShares ETF | Federal Obligation Interest |
|||
|
Core 5-10 Year USD Bond |
$ | 588,089 | ||
|
Core 10+ Year USD Bond |
2,786,581 | |||
The law varies in each state as to whether and what percent of ordinary income dividends attributable to federal obligations is exempt from state income tax. Shareholders are advised to check with their tax advisers to determine if any portion of the dividends received is exempt from state income tax.
The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest income eligible to be treated as a Section 163(j) interest dividend for the fiscal year ended February 28, 2023:
| iShares ETF | Interest Dividends | |||
|
Core 5-10 Year USD Bond |
$ | 3,722,437 | ||
|
Core 10+ Year USD Bond |
11,292,499 | |||
The Funds hereby designate the following amounts, or maximum amounts allowable by law, as interest-related dividends eligible for exemption from U.S. withholding tax for nonresident aliens and foreign corporations for the fiscal year ended February 28, 2023:
| iShares ETF |
Interest-Related Dividends |
|||
|
Core 5-10 Year USD Bond |
$ | 3,217,023 | ||
|
Core 10+ Year USD Bond |
8,508,389 | |||
| 90 |
2 0 2 3 I S H A R E S 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 |
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 Core 5-10 Year USD Bond ETF and iShares Core 10+ Year USD 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, 2022 (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, 2021 through September 30, 2022 (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, the imposition of capital controls in certain non-U.S. countries, Russian sanctions and the closure of the Russian securities market.
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. The Committee also considered that ETFs generally do not engage in borrowing. |
| 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. However, there were no ETFs with persistent deviations of fund premium/discount or bid/ask spreads from long-term averages over the Program Reporting Period. |
| 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. |
There were no material changes to the Program during the Program Reporting Period other than the enhancement of certain model components in the Program’s classification methodology. 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.
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S T A T E M E N T R E G A R D I N G L I Q U I D I T Y R I S K M A N A G E M E N T P R O G R A M |
91 |
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.
February 28, 2023
|
Total Cumulative Distributions for the Fiscal Year |
% Breakdown of the Total Cumulative Distributions for the Fiscal Year |
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|||||||||||||||||||||||||||||
| 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 |
||||||||||||||||||||||||
|
Core 5-10 Year USD Bond |
$ | 1.297010 | $ | — | $ | — | $ | 1.297010 | 100 | % | — | % | — | % | 100 | % | ||||||||||||||||
Premium/Discount Information
Information on the Fund’s net asset value, market price, premiums and discounts, and bid-ask spreads can be found at iShares.com.
| 92 |
2 0 2 3 I S H A R E S 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 |
Trustee and Officer Information (unaudited)
The Board of Trustees has responsibility for the overall management and operations of the Funds, including general supervision of the duties performed by BFA and other service providers. Each Trustee serves until he or she resigns, is removed, dies, retires or becomes incapacitated. Each officer shall hold office until his or her successor is elected and qualifies or until his or her death, resignation or removal. Trustees who are not “interested persons” (as defined in the 1940 Act) of the Trust are referred to as independent trustees (“Independent Trustees”).
The registered investment companies advised by BFA or its affiliates (the “BlackRock-advised Funds”) are organized into one complex of open-end equity, multi-asset, index and money market funds and ETFs (the “BlackRock Multi-Asset Complex”), one complex of closed-end funds and open-end non-index fixed-income funds (including ETFs) (the “BlackRock Fixed-Income Complex”) and one complex of ETFs (“Exchange-Traded Fund Complex”) (each, a “BlackRock Fund Complex”). Each Fund is included in the Exchange-Traded Fund Complex. Each Trustee also serves as a Director of iShares, Inc. and a Trustee of iShares U.S. ETF Trust and, as a result, oversees all of the funds within the Exchange-Traded Fund Complex, which consists of 377 funds as of February 28, 2023. With the exception of Robert S. Kapito, Salim Ramji and Charles Park, the address of each Trustee and officer is c/o BlackRock, Inc., 400 Howard Street, San Francisco, CA 94105. The address of Mr. Kapito, Mr. Ramji and Mr. Park is c/o BlackRock, Inc., 50 Hudson Yards, New York, NY 10001. The Board has designated John E. Kerrigan as its Independent Board Chair. Additional information about the Funds’ Trustees and officers may be found in the Funds’ combined Statement of Additional Information, which is available without charge, upon request, by calling toll-free 1-800-iShares (1-800-474-2737).
| Interested Trustees | ||||||
| Name (Age) | Position(s) |
Principal Occupation(s) During Past 5 Years |
Other Directorships Held by Trustee | |||
| Robert S. Kapito(a) (66) | Trustee (since 2009). | President, BlackRock, Inc. (since 2006); Vice Chairman of BlackRock, Inc. and Head of BlackRock’s Portfolio Management Group (since its formation in 1998) and BlackRock, Inc.’s predecessor entities (since 1988); Trustee, University of Pennsylvania (since 2009); President of Board of Directors, Hope & Heroes Children’s Cancer Fund (since 2002). | Director of BlackRock, Inc. (since 2006); Director of iShares, Inc. (since 2009); Trustee of iShares U.S. ETF Trust (since 2011). | |||
| Salim Ramji(b) (52) | Trustee (since 2019). | Senior Managing Director, BlackRock, Inc. (since 2014); Global Head of BlackRock’s ETF and Index Investments Business (since 2019); Head of BlackRock’s U.S. Wealth Advisory Business (2015-2019); Global Head of Corporate Strategy, BlackRock, Inc. (2014-2015); Senior Partner, McKinsey & Company (2010-2014). | Director of iShares, Inc. (since 2019); Trustee of iShares U.S. ETF Trust (since 2019). | |||
|
(a) Robert S. Kapito is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. (b) Salim Ramji is deemed to be an “interested person” (as defined in the 1940 Act) of the Trust due to his affiliations with BlackRock, Inc. and its affiliates. | ||||||
| Independent Trustees | ||||||
| Name (Age) | Position(s) |
Principal Occupation(s) During Past 5 Years |
Other Directorships Held by Trustee | |||
| John E. Kerrigan (67) | Trustee (since 2005); Independent Board Chair (since 2022). |
Chief Investment Officer, Santa Clara University (since 2002). |
Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011); Independent Board Chair of iShares, Inc. and iShares U.S. ETF Trust (since 2022). | |||
| Jane D. Carlin (67) | Trustee (since 2015); Risk Committee Chair (since 2016). | Consultant (since 2012); Member of the Audit Committee (2012-2018), Chair of the Nominating and Governance Committee (2017-2018) and Director of PHH Corporation (mortgage solutions) (2012-2018); Managing Director and Global Head of Financial Holding Company Governance & Assurance and the Global Head of Operational Risk Management of Morgan Stanley (2006-2012). | Director of iShares, Inc. (since 2015); Trustee of iShares U.S. ETF Trust (since 2015); Member of the Audit Committee (since 2016), Chair of the Audit Committee (since 2020) and Director of The Hanover Insurance Group, Inc. (since 2016). | |||
| Richard L. Fagnani (68) | Trustee (since 2017); Audit Committee Chair (since 2019). | Partner, KPMG LLP (2002-2016); Director of One Generation Away (since 2021). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017). | |||
|
T R U S T E E A N D O F F I C E R I N F O R M A T I O N |
93 |
Trustee and Officer Information (unaudited) (continued)
| Independent Trustees (continued) | ||||||
| Name (Age) | Position(s) |
Principal Occupation(s) During Past 5 Years |
Other Directorships Held by Trustee | |||
|
Cecilia H. Herbert (73) |
Trustee (since 2005); Nominating and Governance and Equity Plus Committee Chairs (since 2022). | Chair of the Finance Committee (since 2019) and Trustee and Member of the Finance, Audit and Quality Committees of Stanford Health Care (since 2016); Trustee of WNET, New York’s public media company (since 2011) and Member of the Audit Committee (since 2018), Investment Committee (since 2011) and Personnel Committee (since 2022); Chair (1994-2005) and Member (1992-2021) of the Investment Committee, Archdiocese of San Francisco; Trustee of Forward Funds (14 portfolios) (2009-2018); Trustee of Salient MF Trust (4 portfolios) (2015-2018); Director (1998-2013) and President (2007-2011) of the Board of Directors, Catholic Charities CYO; Trustee (2002-2011) and Chair of the Finance and Investment Committee (2006-2010) of the Thacher School; Director of the Senior Center of Jackson Hole (since 2020); Director of the Jackson Hole Center for the Arts (since 2021); Member of the Wyoming State Investment Funds Committee (since 2022). | Director of iShares, Inc. (since 2005); Trustee of iShares U.S. ETF Trust (since 2011). | |||
|
Drew E. Lawton (63) |
Trustee (since 2017); 15(c) Committee Chair (since 2017). | Senior Managing Director of New York Life Insurance Company (2010-2015). | Director of iShares, Inc. (since 2017); Trustee of iShares U.S. ETF Trust (since 2017); Director of Jackson Financial Inc. (since 2021). | |||
|
John E. Martinez (61) |
Trustee (since 2003); Securities Lending Committee Chair (since 2019). | Director of Real Estate Equity Exchange, Inc. (since 2005); Director of Cloudera Foundation (2017-2020); and Director of Reading Partners (2012-2016). | Director of iShares, Inc. (since 2003); Trustee of iShares U.S. ETF Trust (since 2011). | |||
|
Madhav V. Rajan (58) |
Trustee (since 2011); Fixed-Income Plus Committee Chair (since 2019). | Dean, and George Pratt Shultz Professor of Accounting, University of Chicago Booth School of Business (since 2017); Advisory Board Member (since 2016) and Director (since 2020) of C.M. Capital Corporation; Chair of the Board for the Center for Research in Security Prices, LLC (since 2020); Robert K. Jaedicke Professor of Accounting, Stanford University Graduate School of Business (2001-2017); Professor of Law (by courtesy), Stanford Law School (2005-2017); Senior Associate Dean for Academic Affairs and Head of MBA Program, Stanford University Graduate School of Business (2010-2016). | Director of iShares, Inc. (since 2011); Trustee of iShares U.S. ETF Trust (since 2011). | |||
| Officers | ||||||
| Name (Age) | Position(s) |
Principal Occupation(s) During Past 5 Years | ||||
|
Armando Senra (51) |
President (since 2019). | Managing Director, BlackRock, Inc. (since 2007); Head of U.S., Canada and Latam iShares, BlackRock, Inc. (since 2019); Head of Latin America Region, BlackRock, Inc. (2006-2019); Managing Director, Bank of America Merrill Lynch (1994-2006). | ||||
|
Trent Walker (48) |
Treasurer and Chief Financial Officer (since 2020). | Managing Director, BlackRock, Inc. (since September 2019); Chief Financial Officer of iShares Delaware Trust Sponsor LLC, BlackRock Funds, BlackRock Funds II, BlackRock Funds IV, BlackRock Funds V and BlackRock Funds VI (since 2021); Executive Vice President of PIMCO (2016-2019); Senior Vice President of PIMCO (2008-2015); Treasurer (2013-2019) and Assistant Treasurer (2007-2017) of PIMCO Funds, PIMCO Variable Insurance Trust, PIMCO ETF Trust, PIMCO Equity Series, PIMCO Equity Series VIT, PIMCO Managed Accounts Trust, 2 PIMCO-sponsored interval funds and 21 PIMCO-sponsored closed-end funds. | ||||
|
Charles Park (55) |
Chief Compliance Officer (since 2006). | Chief Compliance Officer of BlackRock Advisors, LLC and the BlackRock-advised Funds in the BlackRock Multi-Asset Complex and the BlackRock Fixed-Income Complex (since 2014); Chief Compliance Officer of BFA (since 2006). | ||||
|
Marisa Rolland (42) |
Secretary (since 2022). | Managing Director, BlackRock, Inc. (since 2023); Director, BlackRock, Inc. (2018-2022); Vice President, BlackRock, Inc. (2010-2017). | ||||
| Rachel Aguirre (40) | Executive Vice President (since 2022). | Managing Director, BlackRock, Inc. (since 2018); Director, BlackRock, Inc. (2009-2018); Head of U.S. iShares Product (since 2022); Head of EII U.S. Product Engineering (since 2021); Co-Head of EII’s Americas Portfolio Engineering (2020-2021); Head of Developed Markets Portfolio Engineering (2016-2019). | ||||
|
Jennifer Hsui (46) |
Executive Vice President (since 2022). |
Managing Director, BlackRock, Inc. (since 2009); Co-Head of Index Equity (since 2022). | ||||
| 94 |
2 0 2 3 I S H A R E S 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 |
Trustee and Officer Information (unaudited) (continued)
| Officers (continued) | ||||||
| Name (Age) | Position(s) |
Principal Occupation(s) During Past 5 Years | ||||
|
James Mauro (52) |
Executive Vice President (since 2022). |
Managing Director, BlackRock, Inc. (since 2010); Head of Fixed Income Index Investments in the Americas and Head of San Francisco Core Portfolio Management (since 2020). | ||||
Effective June 15, 2022, Marisa Rolland replaced Deepa Damre Smith as Secretary.
Effective March 30, 2023, Dominik Rohé replaced Armando Senra as President.
|
T R U S T E E A N D O F F I C E R I N F O R M A T I O N |
95 |
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.
| 96 |
2 0 2 3 I S H A R E S 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 Abbreviation | ||
| BAB | Build America Bond | |
| CMT | Constant Maturity Treasury | |
| GO | General Obligation | |
| GOL | General Obligation Limited | |
| LIBOR | London Interbank Offered Rate | |
| PJSC | Public Joint Stock Company | |
| PSF | Permanent School Fund | |
| RB | Revenue Bond | |
| SCA | Svenska Celluosa Aktiebolaget | |
| SOFR | Secured Overnight Financing Rate | |
| TBA | To-Be-Announced | |
|
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 |
97 |
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 Bloomberg Index Services Limited, 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.
©2023 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-AR-203-0223
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