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APRIL 30, 2023 |
2023 Semi-Annual Report (Unaudited) |
iShares Trust
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iShares 0-5 Year TIPS Bond ETF | STIP | NYSE Arca |
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iShares CMBS ETF | CMBS | NYSE Arca |
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iShares GNMA Bond ETF | GNMA | NASDAQ |
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iShares TIPS Bond ETF | TIP | NYSE Arca |
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iShares Treasury Floating Rate Bond ETF | TFLO | NYSE Arca |
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iShares U.S. Treasury Bond ETF | GOVT | Cboe BZX |
Dear Shareholder,
Investors faced an uncertain economic landscape during the 12-month reporting period ended April 30, 2023, amid mixed indicators and rapidly changing market conditions. The U.S. economy returned to modest growth beginning in the third quarter of 2022, although the pace of growth slowed thereafter. Inflation was elevated, reaching a 40-year high as labor costs grew rapidly and unemployment rates reached the lowest levels in decades. However, inflation moderated as the period continued, while continued strength in consumer spending backstopped the economy.
Equity returns varied substantially, as large-capitalization U.S. stocks gained for the period amid a rebound in big tech stocks, whereas small-capitalization U.S. stocks declined. International equities from developed markets advanced strongly, while emerging market stocks declined, pressured by higher interest rates and volatile commodities prices.
The 10-year U.S. Treasury yield rose during the reporting period, driving its price down, as investors reacted to elevated inflation and attempted to anticipate future interest rate changes. The corporate bond market also faced inflationary headwinds, although high-yield corporate bonds posted a positive return as demand from yield-seeking investors remained strong.
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 incrementally reduced its balance sheet by not replacing securities that reach maturity. In addition, the Fed added liquidity to markets amid the failure of prominent regional banks.
Restricted labor supply kept inflation elevated even as other inflation drivers, such as goods prices and energy costs, moderated. While economic growth was modest in the last year, we believe that stickiness in services inflation and continued wage growth will keep inflation above central bank targets for some time. Although the Fed has decelerated the pace of interest rate hikes and indicated a pause could be its next step, we believe that the Fed 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 late in the period highlighted the potential for the rapid increase in interest rates to disrupt markets with little warning.
While we favor an overweight to equities in the long term, we prefer 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. Nevertheless, we are overweight on emerging market stocks as we believe a weakening U.S. dollar could provide a supportive backdrop. We also see selective, long-term opportunities in credit, where we believe that valuations are appealing, and higher yields offer attractive income. However, we are neutral on credit in the near term, as we’re concerned about tightening credit and financial conditions. For fixed income investing with a six- to twelve-month horizon, we see the most significant opportunities in 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 April 30, 2023 | ||||||||
6-Month | 12-Month | |||||||
U.S. large cap equities (S&P 500® Index) |
8.63% | 2.66% | ||||||
U.S. small cap equities (Russell 2000® Index) |
(3.45) | (3.65) | ||||||
International equities (MSCI Europe, Australasia, Far East Index) |
24.19 | 8.42 | ||||||
Emerging market equities (MSCI Emerging Markets Index) |
16.36 | (6.51) | ||||||
3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index) |
2.09 | 2.83 | ||||||
U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index) |
7.14 | (1.68) | ||||||
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index) |
6.91 | (0.43) | ||||||
Tax-exempt municipal bonds (Bloomberg Municipal Bond Index) |
7.65 | 2.87 | ||||||
U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index) |
6.21 | 1.21 | ||||||
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. |
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2 |
T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T |
Table of Contents
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2 | ||||
Semi-Annual Report: |
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4 | ||||
10 | ||||
10 | ||||
11 | ||||
Financial Statements |
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30 | ||||
32 | ||||
34 | ||||
37 | ||||
43 | ||||
51 | ||||
52 | ||||
53 | ||||
54 |
Fund Summary as of April 30, 2023 | iShares® 0-5 Year TIPS Bond ETF |
Investment Objective
The iShares 0-5Year TIPS Bond ETF (the “Fund”) seeks to track the investment results of an index composed of inflation-protected U.S. Treasury bonds with remaining maturities of less than or equal to five years, as represented by the ICE US Treasury 0-5 Year Inflation Linked Bond Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
6-Month Total Returns |
1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||||||
Fund NAV |
2.62 | % | (0.08 | )% | 3.06 | % | 1.59 | % | (0.08 | )% | 16.25 | % | 17.10 | % | ||||||||||||||||||
Fund Market |
2.64 | (0.08 | ) | 3.06 | 1.59 | (0.08 | ) | 16.26 | 17.12 | |||||||||||||||||||||||
Index(a) |
2.68 | (0.10 | ) | 3.02 | 1.61 | (0.10 | ) | 16.03 | 17.37 | |||||||||||||||||||||||
Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L) |
2.69 | (0.08 | ) | 3.02 | 1.62 | (0.08 | ) | 16.05 | 17.39 | |||||||||||||||||||||||
ICE US Treasury 0-5 Year Inflation Linked Bond Index(b) |
2.73 | (0.19 | ) | 3.04 | N/A | (0.19 | ) | 16.13 | N/A |
(a) |
Index performance through January 31, 2023 reflects the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series L). Index performance beginning on February 1, 2023 reflects the performance of the ICE US Treasury 0-5 Year Inflation Linked Bond Index, which effective as of February 1, 2023, replaced the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index (Series-L) as the underlying index of the fund. |
(b) |
The inception date of the ICE US Treasury 0-5 Year Inflation Linked Bond Index was February 28, 2017. The cumulative total return for this index for the period February 28, 2017 through April 30, 2023 was 16.73%. |
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ | 1,000.00 | $ | 1,026.20 | $ | 0.15 | $ | 1,000.00 | $ | 1,024.60 | $ | 0.15 | 0.03 | % |
(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. |
Portfolio Information
MATURITY ALLOCATION
Maturity | |
Percent of Total Investments |
(a) | |
0-1 Year |
14.2 | % | ||
1-2 Years | 23.7 | |||
2-3 Years |
16.8 | |||
3-4 Years | 23.6 | |||
4-5 Years |
21.7 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Total Investments |
(a) | |
U.S. Treasury Inflation-Indexed Bonds, 1.63%, 10/15/27 |
10.2 | % | ||
U.S. Treasury Inflation-Indexed Bonds, 0.13%, 04/15/27 |
6.6 | |||
U.S. Treasury Inflation-Indexed Bonds, 0.63%, 01/15/24 |
6.5 | |||
U.S. Treasury Inflation-Indexed Bonds, 0.13%, 07/15/24 |
6.1 | |||
U.S. Treasury Inflation-Indexed Bonds, 0.13%, 10/15/26 |
6.1 |
(a) |
Excludes money market funds. |
4 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of April 30, 2023 | iShares® CMBS ETF |
Investment Objective
The iShares CMBS ETF(the “Fund”) seeks to track the investment results of an index composed of investment-grade commercial mortgage-backed securities, as represented by the Bloomberg U.S. CMBS (ERISA Only) Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
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6-Month Total Returns |
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1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||||
Fund NAV |
5.24 | % | (1.17 | )% | 1.41 | % | 1.41 | % | (1.17 | )% | 7.26 | % | 15.00 | % | ||||||||||||||||||
Fund Market |
5.77 | (1.29 | ) | 1.48 | 1.40 | (1.29 | ) | 7.62 | 14.87 | |||||||||||||||||||||||
Index |
5.43 | (0.81 | ) | 1.71 | 1.71 | (0.81 | ) | 8.85 | 18.53 |
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ | 1,000.00 | $ | 1,052.40 | $ | 1.27 | $ | 1,000.00 | $ | 1,023.60 | $ | 1.25 | 0.25 | % |
(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. |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Rating* | |
Percent of Total Investments |
(a) | |
Aaa |
59.4 | % | ||
Aa | 4.0 | |||
A |
0.8 | |||
Baa | 0.2 | |||
Ba |
0.1 | |||
Not Rated |
35.5 |
MATURITY ALLOCATION
Maturity | |
Percent of Total Investments |
(a) | |
0-1 Year |
0.1 | % | ||
1-5 Years |
14.1 | |||
5-10 Years |
30.9 | |||
10-15 Years |
2.0 | |||
15-20 Years |
0.1 | |||
20-25 Years |
5.9 | |||
25-30 Years |
32.3 | |||
30-35 Years |
9.8 | |||
35-40 Years |
3.9 | |||
More than 40 Years |
0.9 |
* |
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. |
F U N D S U M M A R Y |
5 |
Fund Summary as of April 30, 2023 | iShares® GNMA Bond ETF |
Investment Objective
The iShares GNMA Bond ETF(the “Fund”) seeks to track the investment results of an index composed of mortgage-backed pass-through securities guaranteed by the Government National Mortgage Association (GNMA or Ginnie Mae), as represented by the Bloomberg U.S. GNMA Bond Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
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6-Month Total Returns |
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1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||||
Fund NAV |
6.10 | % | (0.87 | )% | 0.33 | % | 0.64 | % | (0.87 | )% | 1.65 | % | 6.62 | % | ||||||||||||||||||
Fund Market |
5.83 | (1.03 | ) | 0.29 | 0.62 | (1.03 | ) | 1.47 | 6.39 | |||||||||||||||||||||||
Index |
6.24 | (0.72 | ) | 0.46 | 0.86 | (0.72 | ) | 2.33 | 8.91 |
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ | 1,000.00 | $ | 1,061.00 | $ | 0.46 | $ | 1,000.00 | $ | 1,024.30 | $ | 0.45 | 0.09 | % |
(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. |
Portfolio Information
MATURITY ALLOCATION
Maturity | |
Percent of Total Investments |
(a) | |
5-10 Years |
1.2 | % | ||
10-15 Years | 0.4 | |||
15-20 Years |
2.4 | |||
20-25 Years | 18.0 | |||
25-30 Years |
75.3 | |||
30-35 Years |
2.7 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Total Investments |
(a) | |
Government National Mortgage Association, 2.00%, 12/20/51 |
8.6 | % | ||
Government National Mortgage Association, 2.50%, 07/20/51 | 4.2 | |||
Government National Mortgage Association, 2.00%, 02/20/51 |
4.1 | |||
Government National Mortgage Association, 3.00%, 07/20/50 | 3.3 | |||
Government National Mortgage Association, 2.50%, 08/20/51 |
3.1 |
(a) |
Excludes money market funds. |
6 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of April 30, 2023 | iShares® TIPS Bond ETF |
The iShares TIPS Bond ETF (the “Fund”) seeks to track the investment results of an index composed of inflation-protected U.S. Treasury bonds, as represented by the ICE US Treasury Inflation Linked Bond Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
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6-Month Total Returns |
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1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||||
Fund NAV |
4.13 | % | (4.13 | )% | 2.78 | % | 1.27 | % | (4.13 | )% | 14.70 | % | 13.42 | % | ||||||||||||||||||
Fund Market |
4.14 | (4.08 | ) | 2.82 | 1.27 | (4.08 | ) | 14.93 | 13.47 | |||||||||||||||||||||||
Index(a) |
4.24 | (4.02 | ) | 2.97 | 1.41 | (4.02 | ) | 15.77 | 15.06 | |||||||||||||||||||||||
Bloomberg U.S. Treasury Inflation Protected Securities (TIPS) Index (Series-L) |
4.27 | (4.00 | ) | 2.98 | 1.42 | (4.00 | ) | 15.80 | 15.09 | |||||||||||||||||||||||
ICE US Treasury Inflation Linked Bond Index(b) |
4.37 | (4.19 | ) | 2.99 | N/A | (4.19 | ) | 15.88 | N/A |
(a) |
Index performance through January 31, 2023 reflects the performance of the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index (Series L). Index performance beginning on February 1, 2023 reflects the performance of the ICE US Treasury Inflation Linked Bond Index, which effective as of February 1, 2023, replaced the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) Index (Series-L) as the underlying index of the fund. |
(b) |
The inception date of the ICE US Treasury Inflation Linked Bond Index was June 30, 2016. The cumulative total return for this index for the period June 30, 2016 through April 30, 2023 was 16.61%. |
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ | 1,000.00 | $ | 1,041.30 | $ | 0.96 | $ | 1,000.00 | $ | 1,023.90 | $ | 0.95 | 0.19 | % |
(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. |
Portfolio Information
MATURITY ALLOCATION
Maturity | |
Percent of Total Investments |
(a) | |
0-1 Year |
0.6 | % | ||
1-5 Years |
52.5 | |||
5-10 Years |
32.4 | |||
15-20 Years |
3.5 | |||
20-25 Years |
7.1 | |||
25-30 Years |
3.9 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Total Investments |
(a) | |
U.S. Treasury Inflation-Indexed Bonds, 0.13%, 04/15/25 |
4.3 | % | ||
U.S. Treasury Inflation-Indexed Bonds, 0.63%, 01/15/26 |
3.9 | |||
U.S. Treasury Inflation-Indexed Bonds, 0.63%, 07/15/32 |
3.9 | |||
U.S. Treasury Inflation-Indexed Bonds, 0.13%, 01/15/32 |
3.8 | |||
U.S. Treasury Inflation-Indexed Bonds, 1.63%, 10/15/27 |
3.7 |
(a) |
Excludes money market funds. |
F U N D S U M M A R Y |
7 |
Fund Summary as of April 30, 2023 | iShares® Treasury Floating Rate Bond ETF |
Investment Objective
The iShares Treasury Floating Rate Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. Treasury floating rate bonds, as represented by the Bloomberg U.S. Treasury Floating Rate Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
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6-Month Total Returns |
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1 Year | 5 Years | |
Since Inception |
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1 Year | 5 Years | |
Since Inception |
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Fund NAV |
2.24 | % | 3.24 | % | 1.45 | % | 1.01 | % | 3.24 | % | 7.45 | % | 9.70 | % | ||||||||||||||||||
Fund Market |
2.25 | 3.15 | 1.46 | 1.01 | 3.15 | 7.51 | 9.76 | |||||||||||||||||||||||||
Index |
2.34 | 3.41 | 1.60 | 1.12 | 3.41 | 8.27 | 10.85 |
The inception date of the Fund was February 3, 2014. The first day of secondary market trading was February 4, 2014.
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 | |||||||||||||||||||||||||||||
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (11/01/22) |
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Ending Account Value (04/30/23) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ 1,000.00 | $ 1,022.40 | $ 0.75 | $ 1,000.00 | $ 1,024.10 | $ 0.75 | 0.15 | % |
(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. |
Portfolio Information
MATURITY ALLOCATION
Maturity | |
Percent
of Total Investments |
(a) | |
0-1 Year |
40.5 | % | ||
1-2 Years |
59.5 |
FIVE LARGEST HOLDINGS
Security | |
Percent
of Total Investments |
(a) | |
U.S. Treasury Floating Rate Note, 5.27%, 10/31/24 |
21.5 | % | ||
U.S. Treasury Floating Rate Note, 5.16%, 07/31/23 |
18.9 | |||
U.S. Treasury Floating Rate Note, 5.17%, 07/31/24 |
16.2 | |||
U.S. Treasury Floating Rate Note, 5.17%, 10/31/23 |
12.8 | |||
U.S. Treasury Floating Rate Note, 5.06%, 04/30/24 |
11.4 |
(a) |
Excludes money market funds. |
8 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
Fund Summary as of April 30, 2023 | iShares® U.S. Treasury Bond ETF |
Investment Objective
The iShares U.S. Treasury Bond ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. Treasury bonds, as represented by the ICE U.S. Treasury Core Bond Index (the “Index”). The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index. Due to the use of representative sampling, the Fund may or may not hold all of the securities that are included in the Index.
Performance
Average Annual Total Returns | Cumulative Total Returns | |||||||||||||||||||||||||||||||
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6-Month Total Returns |
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1 Year | 5 Years | 10 Years | 1 Year | 5 Years | 10 Years | ||||||||||||||||||||||||
Fund NAV |
5.84 | % | (0.94 | )% | 0.92 | % | 0.77 | % | (0.94 | )% | 4.66 | % | 7.98 | % | ||||||||||||||||||
Fund Market |
5.75 | (1.02 | ) | 0.91 | 0.76 | (1.02 | ) | 4.64 | 7.91 | |||||||||||||||||||||||
Index |
5.78 | (0.94 | ) | 1.01 | 0.86 | (0.94 | ) | 5.17 | 8.99 |
On March 1, 2021 the Fund began to track the 4pm pricing variant of the ICE U.S. Treasury Core Bond Index. Index data on and after March 1, 2021 is for the 4pm pricing variant of the ICE U.S. Treasury Core Bond Index. Historical index data from July 1, 2016 through February 28, 2021 is for the 3pm pricing variant of the ICE U.S. Treasury Core Bond Index. Historical index data prior to July 1, 2016 is for the Barclays U.S. Treasury Bond 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 (11/01/22) |
|
|
Ending Account Value (04/30/23) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (11/01/22) |
|
|
Ending Account Value (04/30/23) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 1,058.40 | $ 0.26 | $ 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. |
Portfolio Information
MATURITY ALLOCATION
|
| |||
Maturity | |
Percent
of Total Investments( |
a) | |
1-5 Years |
50.4 | % | ||
5-10 Years |
29.5 | |||
10-15 Years |
1.0 | |||
15-20 Years |
4.2 | |||
More than 20 Years |
14.9 |
FIVE LARGEST HOLDINGS
|
| |||
Security | |
Percent
of Total Investments |
(a) | |
U.S. Treasury Note/Bond, 0.25%, 05/15/24 |
6.5 | % | ||
U.S. Treasury Note/Bond, 3.13%, 11/15/28 |
5.3 | |||
U.S. Treasury Note/Bond, 1.38%, 11/15/31 |
5.1 | |||
U.S. Treasury Note/Bond, 2.63%, 02/15/29 |
4.2 | |||
U.S. Treasury Note/Bond, 1.88%, 02/15/51 |
4.0 |
(a) |
Excludes money market funds. |
F U N D S U M M A R Y |
9 |
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.
10 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (unaudited) April 30, 2023 |
iShares® 0-5 Year TIPS Bond ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
U.S. Government Obligations |
| |||||||
U.S. Government Obligations — 97.7% | ||||||||
U.S. Treasury Floating Rate Note, 1.25%, 04/15/28 |
$ | 566,631 | $ | 566,099,234 | ||||
U.S. Treasury Inflation-Indexed Bonds 0.13%, 07/15/24 |
772,512 | 753,206,333 | ||||||
0.13%, 10/15/24 |
617,681 | 600,550,174 | ||||||
0.13%, 04/15/25 |
776,594 | 749,496,796 | ||||||
0.13%, 10/15/25 |
612,664 | 591,914,839 | ||||||
0.13%, 04/15/26 |
581,477 | 557,030,719 | ||||||
0.13%, 07/15/26 |
715,078 | 687,438,155 | ||||||
0.13%, 10/15/26 |
786,203 | 752,927,722 | ||||||
0.13%, 04/15/27 |
852,411 | 810,148,361 | ||||||
0.25%, 01/15/25 |
700,879 | 680,299,828 | ||||||
0.38%, 07/15/23 |
545,479 | 545,180,935 | ||||||
0.38%, 07/15/25 |
569,902 | 554,675,231 | ||||||
0.38%, 01/15/27 |
598,019 | 575,430,007 | ||||||
0.38%, 07/15/27 |
494,377 | 476,678,214 | ||||||
0.50%, 04/15/24 |
419,215 | 410,306,645 | ||||||
0.50%, 01/15/28 |
306,177 | 294,978,681 | ||||||
0.63%, 04/15/23 |
0 | (a) | 14 | |||||
0.63%, 01/15/24 |
806,963 | 795,709,161 | ||||||
0.63%, 01/15/26 |
287,799 | 280,539,622 | ||||||
1.63%, 10/15/27 |
1,230,229 | 1,250,004,114 | ||||||
1.75%, 01/15/28 |
22,800 | 23,259,119 | ||||||
2.00%, 01/15/26 |
81,752 | 82,586,144 |
Security |
Par/ Shares (000) |
Value | ||||||
U.S. Government Obligations (continued) |
||||||||
2.38%, 01/15/25 |
$ | 112,729 | $ | 113,399,727 | ||||
2.38%, 01/15/27 |
79,025 | 81,673,130 | ||||||
3.63%, 04/15/28 |
55,801 | 61,994,794 | ||||||
|
|
|||||||
12,295,527,699 | ||||||||
|
|
|||||||
Total
Long-Term Investments — 97.7% |
|
12,295,527,699 | ||||||
|
|
|||||||
Short-Term Securities |
| |||||||
Money Market Funds — 6.5% | ||||||||
BlackRock
Cash Funds: Treasury, SL |
821,830 | 821,830,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 6.5% |
|
821,830,000 | ||||||
|
|
|||||||
Total
Investments — 104.2% |
|
13,117,357,699 | ||||||
Liabilities in Excess of Other Assets — (4.2)% |
|
(530,095,882 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 12,587,261,817 | |||||
|
|
(a) |
Rounds to less than 1,000. |
(b) |
Affiliate of the Fund. |
(c) |
Annualized 7-day yield as of period end. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the six months ended April 30, 2023 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/22 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 04/30/23 |
Shares Held at 04/30/23 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
$ | 29,880,000 | $ | 791,950,000 | (a) | $ | — | $ | — | $ | — | $ | 821,830,000 | 821,830 | $ | 4,502,014 | (b) | $ | 74 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 |
||||||||||||||||
U.S. Government Obligations |
$ | — | $ | 12,295,527,699 | $ | — | $ | 12,295,527,699 | ||||||||
Short-Term Securities |
||||||||||||||||
Money Market Funds |
821,830,000 | — | — | 821,830,000 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 821,830,000 | $ | 12,295,527,699 | $ | — | $ | 13,117,357,699 | |||||||||
|
|
|
|
|
|
|
|
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 |
11 |
Schedule of Investments (unaudited) April 30, 2023 |
iShares® CMBS ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Collaterized Mortgage Obligations |
| |||||||
Mortgage-Backed Securities — 58.6% | ||||||||
Bank |
$ | 1,000 | $ | 886,026 | ||||
3.30%, 05/15/64 (Call 05/15/31) |
500 | 330,456 | ||||||
3.39%, 06/15/60 (Call 07/15/27) |
1,000 | 936,102 | ||||||
3.74%, 02/15/52 (Call 02/15/29) |
600 | 560,308 | ||||||
3.92%, 04/15/65(a) |
1,500 | 1,389,008 | ||||||
4.26%, 05/15/61 (Call 05/15/28)(a) |
1,010 | 977,144 | ||||||
5.20%, 02/15/56 (Call 02/15/33) |
1,250 | 1,274,576 | ||||||
5.94%, 11/15/55 (Call 11/15/32)(a) |
1,000 | 1,062,232 | ||||||
Series
2017, Class A5, 3.44%, 09/15/60 |
220 | 206,029 | ||||||
Series
2017-BNK4, Class AS, 3.78%, 05/15/50 |
500 | 463,446 | ||||||
Series
2017-BNK4, Class ASB, 3.42%, 05/15/50 |
230 | 221,763 | ||||||
Series
2017-BNK4, Class C, 4.37%, 05/15/50 |
485 | 400,845 | ||||||
Series
2017-BNK7, Class B, 3.95%, 09/15/60 |
550 | 478,616 | ||||||
Series
2017-BNK8, Class A3, 3.23%, 11/15/50 |
683 | 630,914 | ||||||
Series
2017-BNK8, Class AS, 3.73%, 11/15/50 |
1,000 | 918,828 | ||||||
Series
2018-BN10, Class C, 4.16%, 02/15/61 |
800 | 664,588 | ||||||
Series
2018-BN14, Class A3, 3.97%, 09/15/60 |
600 | 568,379 | ||||||
Series
2018-BN14, Class AS, 4.48%, 09/15/60 |
500 | 467,784 | ||||||
Series
2018-BN15, Class A3, 4.14%, 11/15/61 |
499 | 476,977 | ||||||
Series
2018-BN15, Class A4, 4.41%, 11/15/61 |
1,015 | 987,755 | ||||||
Series
2019-BN16, Class AS, 4.27%, 02/15/52 |
262 | 242,020 | ||||||
Series
2019-BN19, Class A3, 3.18%, 08/15/61 |
497 | 444,200 | ||||||
Series
2019-BN20, Class A2, 2.76%, 09/15/62 |
420 | 369,517 | ||||||
Series
2019-BN20, Class B, 3.40%, 09/15/62 |
1,000 | 806,564 | ||||||
Series
2019-BN21, Class A4, 2.60%, 10/17/52 |
1,000 | 880,006 | ||||||
Series
2019-BN21, Class A5, 2.85%, 10/17/52 |
500 | 439,222 | ||||||
Series
2019-BN22, Class A3, 2.73%, 11/15/62 |
1,000 | 873,155 | ||||||
Series
2019-BNK16, Class A4, 4.01%, 02/15/52 |
2,110 | 2,006,700 | ||||||
Series
2020-BN25, Class A3, 2.39%, 01/15/63 |
537 | 499,637 | ||||||
Series
2020-BN26, Class B, 2.91%, 03/15/63 |
250 | 185,698 | ||||||
Series
2020-BN28, Class A4, 1.84%, 03/15/63 |
500 | 407,113 | ||||||
Series
2020-BN29, Class C, 3.13%, 11/15/53 |
520 | 346,937 | ||||||
Series 2020-BN30, Class ABS, 1.67%, 12/15/53 |
240 | 207,920 |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
Series
2021-BN32, Class AS, 2.64%, 04/15/54 |
$ | 2,075 | $ | 1,774,711 | ||||
Series
2021-BN34, Class A5, 2.44%, 06/15/63 |
244 | 201,037 | ||||||
Series
2021-BN34, Class AS, 2.57%, 06/15/63 |
500 | 398,288 | ||||||
Series
2021-BN35, Class B, 2.53%, 06/15/64 |
1,000 | 674,905 | ||||||
Series
2022-BNK40, Class AS, 3.51%, 03/15/64 |
1,000 | 840,202 | ||||||
Series2017-BNK4,
Class A4, 3.63%, 05/15/50 |
1,000 | 943,037 | ||||||
Serise
BN23, Class C, 3.62%, 12/15/52 |
500 | 356,721 | ||||||
Bank of America Merrill Lynch Commercial Mortgage Trust |
||||||||
Series
2016-UB10, Class A4, 3.17%, 07/15/49 |
800 | 753,340 | ||||||
Series
2016-UB10, Class B, 3.79%, 07/15/49 |
250 | 227,124 | ||||||
Series
2017-BNK3, Class A4, 3.57%, 02/15/50 |
1,000 | 944,530 | ||||||
Barclays Commercial Mortgage Trust |
||||||||
Series
2019-C4, Class A5, 2.92%,
08/15/52 |
1,000 | 891,679 | ||||||
Series 2019-C5, 2.81%, 11/15/52 (Call 11/15/29) |
1,000 | 879,930 | ||||||
Series
2019-C5, Class A2, 3.04%,
11/15/52 |
678 | 653,476 | ||||||
Series
2019-C5, Class A4, 3.06%,
11/15/52 |
1,000 | 895,790 | ||||||
BBCMS
Mortgage Trust |
1,500 | 1,292,364 | ||||||
5.45%, 09/15/55 (Call 09/15/32)(a) |
847 | 626,094 | ||||||
6.33%, 04/15/56 |
250 | 252,037 | ||||||
Series
2017-C1, Class A4, 3.67%,
02/15/50 |
1,000 | 946,482 | ||||||
Series
2018-C2, Class C, 5.13%,
12/15/51 |
250 | 202,938 | ||||||
Series
2020-C6, Class A4, 2.64%,
02/15/53 |
1,500 | 1,303,281 | ||||||
Series
2020-C7, Class AS, 2.44%,
04/15/53 |
300 | 248,165 | ||||||
Series
2020-C8, Class A5, 2.04%,
10/15/53 |
1,000 | 829,586 | ||||||
Series 2021-C11, Class A5, 2.32%, 09/15/54 |
1,500 | 1,238,525 | ||||||
Series 2021-C12, Class A4, 2.42%, 11/15/54 |
1,000 | 840,274 | ||||||
Series 2021-C12, Class C, 3.21%, 11/15/54(a) |
500 | 348,054 | ||||||
Series
2022-C14, Class AS, 3.35%,
02/15/55 |
250 | 211,951 | ||||||
Series
2022-C15, Class A5, 3.66%,
04/15/55 |
1,640 | 1,493,083 | ||||||
Series
2022-C17, Class A4, 4.17%,
09/15/55 |
1,000 | 935,550 | ||||||
BBCMS
Mortgage Trust 2022-C18, 5.71%,
12/15/55 |
1,000 | 1,060,038 | ||||||
BBCMS Trust |
||||||||
Series
2021-C10, Class A5, 2.49%,
07/15/54 |
1,750 | 1,476,499 | ||||||
Series
2021-C10, Class AS, 2.68%,
07/15/54 |
1,000 | 821,972 | ||||||
Series
2021-C10, Class B, 2.49%,
07/15/54 |
1,000 | 753,751 | ||||||
Series
2021-C10, Class C, 2.84%,
07/15/54 |
500 | 315,955 | ||||||
Benchmark
Mortgage Trust |
1,000 | 839,567 | ||||||
3.20%, 01/15/55(a) |
500 | 344,908 | ||||||
3.46%, 03/15/55 (Call 03/15/32) |
1,000 | 891,714 | ||||||
4.59%, 05/15/55 (Call 05/15/32)(a) |
750 | 714,183 | ||||||
Series
2018-B1, Class A5, 3.67%,
01/15/51 |
1,000 | 940,409 |
12 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® CMBS ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
Series
2018-B1, Class AM, 3.88%,
01/15/51 |
$ | 500 | $ | 454,987 | ||||
Series
2018-B2, Class A4, 3.61%,
02/15/51 |
1,350 | 1,264,137 | ||||||
Series
2018-B2, Class AS, 4.08%,
02/15/51 |
1,000 | 921,610 | ||||||
Series
2018-B2, Class C, 4.44%,
02/15/51 |
500 | 403,895 | ||||||
Series
2018-B3, Class A4, 3.76%,
04/10/51 |
700 | 658,627 | ||||||
Series
2018-B3, Class A5, 4.03%,
04/10/51 |
1,000 | 949,374 | ||||||
Series
2018-B4, Class A5, 4.12%,
07/15/51 |
1,023 | 982,661 | ||||||
Series
2018-B4, Class ASB, 4.06%,
07/15/51 |
464 | 450,427 | ||||||
Series
2018-B4, Class C, 4.70%,
07/15/51 |
400 | 326,258 | ||||||
Series
2018-B5, Class B, 4.57%,
07/15/51 |
500 | 435,388 | ||||||
Series
2018-B7, Class B, 5.01%,
05/15/53 |
400 | 353,086 | ||||||
Series
2018-B8, Class A4, 3.96%,
01/15/52 |
1,000 | 952,984 | ||||||
Series
2018-B8, Class A5, 4.23%,
01/15/52 |
1,000 | 957,229 | ||||||
Series
2018-B8, Class AS, 4.53%,
01/15/52 |
1,563 | 1,465,472 | ||||||
Series
2019-B10, Class A3, 3.46%,
03/15/62 |
800 | 735,443 | ||||||
Series
2019-B10, Class AM, 3.98%,
03/15/62 |
600 | 540,179 | ||||||
Series
2019-B11, Class AS, 3.78%,
05/15/52 |
500 | 444,125 | ||||||
Series
2019-B11, Class B, 3.96%,
05/15/52 |
500 | 401,305 | ||||||
Series
2019-B13, Class C, 3.84%,
08/15/57 |
500 | 385,132 | ||||||
Series
2019-B14, Class A5, 3.05%,
12/15/62 |
500 | 442,882 | ||||||
Series
2019-B9, Class A5, 4.02%,
03/15/52 |
1,000 | 940,389 | ||||||
Series
2019-B9, Class C, 4.97%,
03/15/52 |
250 | 203,270 | ||||||
Series
2020-B16, Class A5, 2.73%,
02/15/53 |
990 | 860,051 | ||||||
Series
2020-B16, Class AM, 2.94%,
02/15/53 |
1,000 | 834,479 | ||||||
Series
2020-B17, Class C, 3.37%,
03/15/53 |
250 | 178,971 | ||||||
Series
2020-B18 AM, Class AM,
2.34%, 07/15/53 |
430 | 338,970 | ||||||
Series
2020-B19, Class B, 2.35%,
09/15/53 |
450 | 313,181 | ||||||
Series
2020-B20, Class B, 2.53%,
10/15/53 |
500 | 360,978 | ||||||
Series
2020-B21, Class A5, 2.25%,
12/17/53 |
500 | 397,035 | ||||||
Series
2020-B22, Class A5, 1.97%,
01/15/54 |
1,000 | 806,030 | ||||||
Series
2020-IG1, Class A3, 2.69%,
09/15/43 |
1,750 | 1,512,625 | ||||||
Series
2021-B23, Class AS, 2.27%,
02/15/54 |
500 | 391,980 | ||||||
Series
2021-B24, Class A4, 2.26%,
03/15/54 |
1,000 | 836,475 | ||||||
Series
2021-B25, Class A5, 2.58%,
04/15/54 |
1,000 | 829,248 | ||||||
Series
2021-B25, Class ASB, 2.27%,
04/15/54 |
650 | 566,727 |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
Series
2021-B26, Class A5, 2.61%,
06/15/54 |
$ | 1,500 | $ | 1,260,859 | ||||
Series
2021-B26, Class AM, 2.83%,
06/15/54 |
500 | 401,071 | ||||||
Series
2021-B27, Class A2, 2.02%,
07/15/54 |
1,000 | 900,635 | ||||||
Series
2021-B27, Class A5, 2.39%,
07/15/54 |
1,000 | 822,484 | ||||||
Series
2021-B27, Class AS, 2.51%,
07/15/54 |
500 | 394,419 | ||||||
Series
2021-B29, Class A5, 2.39%,
09/15/54 |
830 | 685,549 | ||||||
Series 2022-B32, Class A5, 3.00%, 01/15/55(a) |
1,000 | 855,675 | ||||||
Series
2022-B34, Class A5, 3.79%,
04/15/55 |
1,500 | 1,348,427 | ||||||
Series 2023-B38, Class A2, 5.63%, 04/15/56 |
2,000 | 2,029,079 | ||||||
Serise
2020-B17, Class A2, 2.21%,
03/15/53 |
1,000 | 920,893 | ||||||
Serise
2020-B17, Class A5, 2.29%,
03/15/53 |
1,000 | 836,778 | ||||||
BMO Mortgage Trust, 5.31%, 09/15/54 (Call 10/15/32) |
1,000 | 1,024,440 | ||||||
Cantor
Commercial Real Estate Lending, 3.01%, |
1,000 | 880,980 | ||||||
CCUBS Commercial Mortgage Trust, Series 2017-C1, |
||||||||
Class A4, 3.54%, 11/15/50 (Call 12/15/27)(a) |
1,510 | 1,410,091 | ||||||
CD Mortgage Trust |
||||||||
Series
2017-CD3, Class A4, 3.63%,
02/10/50 |
230 | 215,334 | ||||||
Series
2017-CD3, Class AS, 3.83%,
02/10/50 |
750 | 657,231 | ||||||
Series
2017-CD3, Class C, 4.70%,
02/10/50 |
300 | 229,290 | ||||||
Series
2017-CD4, Class A4, 3.51%,
05/10/50 |
1,000 | 940,053 | ||||||
Series
2017-CD5, Class A4, 3.43%,
08/15/50 |
750 | 699,802 | ||||||
Series
2017-CD6, Class C, 4.37%,
11/13/50 |
500 | 412,743 | ||||||
Series
2018-CD7, Class ASB, 4.21%,
08/15/51 |
550 | 534,777 | ||||||
Series
2019-CD8, Class A4, 2.91%,
08/15/57 |
1,000 | 874,954 | ||||||
CFCRE Commercial Mortgage Trust |
||||||||
Series
2016-C3, Class A3, 3.87%,
01/10/48 |
500 | 474,713 | ||||||
Series
2016-C4, Class A4, 3.28%,
05/10/58 |
1,650 | 1,538,680 | ||||||
Series
2017-C8, Class ASB, 3.37%,
06/15/50 |
795 | 765,983 | ||||||
Series
2017-C8, Class B, 4.20%,
06/15/50 |
750 | 650,935 | ||||||
Citigroup Commercial Mortgage Trust |
||||||||
Series
2014-GC19, Class A4, 4.02%, 03/11/47 |
500 | 494,082 | ||||||
Series
2014-GC23, Class A4, 3.62%, 07/10/47 |
750 | 726,150 | ||||||
Series
2014-GC23, Class AS, 3.86%, 07/10/47 |
250 | 243,559 | ||||||
Series
2014-GC23, Class C, 4.58%, 07/10/47 |
250 | 230,701 | ||||||
Series
2014-GC25, Class B, 4.35%, 10/10/47 |
100 | 91,174 |
S C H E D U L E O F I N V E S T M E N T S |
13 |
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® CMBS ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
Series
2015-GC29, Class C, 4.28%, 04/10/48 |
$ | 250 | $ | 232,858 | ||||
Series
2015-GC31, Class A4, 3.76%, 06/10/48 |
750 | 722,356 | ||||||
Series
2015-GC35, Class AAB, 3.61%, 11/10/48 |
270 | 262,692 | ||||||
Series
2015-P1, Class A5, 3.72%,
09/15/48 |
356 | 342,063 | ||||||
Series
2016-C1, Class A4, 3.21%,
05/10/49 |
874 | 822,571 | ||||||
Series
2016-GC36, Class A4, 3.35%, 02/10/49 |
1,000 | 953,685 | ||||||
Series
2016-P3, Class A4, 3.33%,
04/15/49 |
75 | 70,981 | ||||||
Series
2017-C4, Class A3, 3.21%,
10/12/50 |
1,000 | 934,483 | ||||||
Series
2017-P8, Class A3, 3.20%,
09/15/50 |
885 | 819,599 | ||||||
Series
2017-P8, Class AS, 3.79%,
09/15/50 |
750 | 680,759 | ||||||
Series
2018-B2, Class A4, 4.01%,
03/10/51 |
600 | 571,088 | ||||||
Series
2018-C5, Class A4, 4.23%,
06/10/51 |
1,000 | 962,650 | ||||||
Series
2018-C6, Class A4, 4.41%,
11/10/51 |
1,199 | 1,160,386 | ||||||
Series
2019-C7, Class A4, 3.10%,
12/15/72 |
1,000 | 889,745 | ||||||
Series
2019-GC41, Class AS, 3.02%, 08/10/56 |
750 | 642,692 | ||||||
Series
2019-GC43, Class A2, 2.98%, 11/10/52 |
863 | 825,702 | ||||||
Series
2019-GC43, Class A4, 3.04%, 11/10/52 |
750 | 658,874 | ||||||
Series
2020-GC46, Class A5, 2.72%, 02/15/53 |
1,000 | 865,976 | ||||||
Series
2020-GC46, Class AS, 2.92%, 02/15/53 |
500 | 414,913 | ||||||
Series
2020-GC46, Class B, 3.15%, 02/15/53 |
234 | 173,675 | ||||||
Commission Mortgage Trust |
||||||||
Series
2014-CR14, Class C, 4.73%, 02/10/47 |
200 | 175,357 | ||||||
Series
2014-CR16, Class ASB, 3.65%, 04/10/47 |
26 | 26,169 | ||||||
Series
2014-CR17, Class B, 4.38%, 05/10/47 |
292 | 269,137 | ||||||
Series
2014-CR18, Class AM, 4.10%, 07/15/47 |
300 | 288,803 | ||||||
Series
2014-CR19, Class A5, 3.80%, 08/10/47 |
438 | 427,469 | ||||||
Series
2014-CR19, Class B, 4.70%, 08/10/47 |
850 | 789,872 | ||||||
Series
2014-CR20, Class AM, 3.94%, 11/10/47 |
250 | 240,287 | ||||||
Series
2014-LC17, Class A5, 3.92%, 10/10/47 |
675 | 655,888 | ||||||
Series
2014-UBS2, Class AM, 4.20%, 03/10/47 |
425 | 413,977 | ||||||
Series
2014-UBS3, Class C, 4.89%, 06/10/47 |
150 | 140,111 | ||||||
Series
2014-UBS4, Class A4, 3.42%, 08/10/47 |
250 | 243,577 | ||||||
Series
2014-UBS4, Class A5, 3.69%, 08/10/47 |
500 | 484,201 | ||||||
Series
2014-UBS4, Class AM, 3.97%, 08/10/47 |
500 | 476,785 |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
Series
2014-UBS4, Class B, 4.35%, 08/10/47 |
$ | 250 | $ | 235,490 | ||||
Series
2014-UBS5, Class A4, 3.84%, 09/10/47 |
730 | 706,728 | ||||||
Series
2014-UBS6, Class A5, 3.64%, 12/10/47 |
500 | 482,500 | ||||||
Series
2015-CR22, Class A5, 3.31%, 03/10/48 |
500 | 479,454 | ||||||
Series
2015-CR22, Class AM, 3.60%, 03/10/48 |
200 | 189,232 | ||||||
Series
2015-CR22, Class C, 4.20%, 03/10/48 |
300 | 266,714 | ||||||
Series
2015-CR23, Class A4, 3.50%, 05/10/48 |
500 | 480,497 | ||||||
Series
2015-CR24, Class A4, 3.43%, 08/10/48 |
925 | 887,973 | ||||||
Series
2015-CR24, Class B, 4.49%, 08/10/48 |
750 | 690,309 | ||||||
Series
2015-CR24, Class D, 3.46%, 08/10/48 |
200 | 158,562 | ||||||
Series
2015-CR25, Class A4, 3.76%, 08/10/48 |
750 | 721,803 | ||||||
Series
2015-CR25, Class B, 4.67%, 08/10/48 |
300 | 273,090 | ||||||
Series
2015-DC1, Class A5, 3.35%,
02/10/48 |
750 | 720,279 | ||||||
Series
2015-DC1, Class C, 4.44%,
02/10/48 |
250 | 211,764 | ||||||
Series
2015-LC21, Class A4, 3.71%, 07/10/48 |
500 | 481,595 | ||||||
Series
2015-LC23, Class A4, 3.77%, 10/10/48 |
1,000 | 960,983 | ||||||
Series
2016-CR28, Class C, 4.76%, 02/10/49 |
604 | 536,890 | ||||||
Series
2016-DC2, Class A4, 3.50%,
02/10/49 |
337 | 322,649 | ||||||
Series
2016-DC2, Class AM, 4.24%,
02/10/49 |
750 | 707,510 | ||||||
Series
2016-DC2, Class C, 4.81%,
02/10/49 |
250 | 219,540 | ||||||
Series
2017-COR2, Class C, 4.74%, 09/10/50 |
750 | 600,287 | ||||||
Series
2018-COR3, Class A3, 4.23%, 05/10/51 |
750 | 720,524 | ||||||
Series
2018-COR3, Class B, 4.66%, 05/10/51 |
500 | 429,176 | ||||||
Series
2018-COR3, Class C, 4.71%, 05/10/51 |
500 | 413,677 | ||||||
Series
2019-GC44, Class A5, 2.95%, 08/15/57 |
1,000 | 883,971 | ||||||
CSAIL Commercial Mortgage Trust |
||||||||
Series
2015-C1, Class A4, 3.51%,
04/15/50 |
500 | 479,270 | ||||||
Series
2015-C1, Class AS, 3.79%,
04/15/50 |
435 | 411,481 | ||||||
Series
2015-C2, Class A4, 3.50%,
06/15/57 |
500 | 479,994 | ||||||
Series
2015-C3, Class A4, 3.72%,
08/15/48 |
1,900 | 1,826,639 | ||||||
Series
2015-C4, Class A4, 3.81%,
11/15/48 |
1,464 | 1,407,907 | ||||||
Series
2015-C4, Class D, 3.71%,
11/15/48 |
250 | 204,625 | ||||||
Series
2016-C5, Class C, 4.80%,
11/15/48 |
750 | 672,632 |
14 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® CMBS ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
Series
2016-C6, Class C, 5.08%,
01/15/49 |
$ | 350 | $ | 311,335 | ||||
Series
2016-C7, Class A4, 3.21%,
11/15/49 |
193 | 183,397 | ||||||
Series
2016-C7, Class A5, 3.50%,
11/15/49 |
115 | 106,898 | ||||||
Series
2016-C7, Class AS, 3.96%,
11/15/49 |
1,000 | 913,513 | ||||||
Series
2017-CX9, Class A5, 3.45%,
09/15/50 |
1,000 | 934,277 | ||||||
Series
2018-CX11, Class A5, 4.03%, 04/15/51 |
1,000 | 952,160 | ||||||
Series
2019-C15, Class A2, 3.45%,
03/15/52 |
1,001 | 973,779 | ||||||
Series
2019-C15, Class A3, 3.78%,
03/15/52 |
1,400 | 1,314,544 | ||||||
Series
2019-C15, Class B, 4.48%,
03/15/52 |
1,000 | 831,536 | ||||||
Series
2019-C17, Class A5, 3.02%,
09/15/52 |
2,000 | 1,775,376 | ||||||
Series
2019-C18, Class ASB, 2.87%,
12/15/52 |
500 | 460,490 | ||||||
Series
2020-C19, Class A3, 2.56%,
03/15/53 |
1,500 | 1,283,038 | ||||||
DBGS
Mortgage Trust, Series 2018-C1,
Class A4, |
1,400 | 1,338,082 | ||||||
DBJPM Mortgage Trust |
||||||||
Series
2016-C1, Class A4, 3.28%,
05/10/49 |
1,000 | 945,305 | ||||||
Series
2016-C1, Class ASB, 3.04%,
05/10/49 |
328 | 316,087 | ||||||
Series
2016-C1, Class C, 3.47%,
05/10/49 |
468 | 386,600 | ||||||
Series
2017-C6, Class A3, 3.27%,
06/10/50 |
560 | 545,162 | ||||||
Federal
Home Loan Mortgage Corp. Multifamily Structured Pass-Through
Certificates, |
4,000 | 4,043,755 | ||||||
Federal
National Mortgage Association |
969 | 857,180 | ||||||
2.00%, 12/25/31(a) |
1,000 | 835,896 | ||||||
2.35%, 02/25/31 |
1,000 | 891,616 | ||||||
Series 2016-M1, Class A2, 2.94%, 01/25/26(a) |
595 | 574,570 | ||||||
Series 2016-M10, Class AV2, 3.00%, 11/25/45 |
500 | 418,274 | ||||||
Series 2016-M12, Class AV2, 2.31%, 10/25/23 |
90 | 89,571 | ||||||
Series 2016-M5, Class A2, 2.47%, 04/25/26 |
2,000 | 1,902,640 | ||||||
Series 2017-M1, Class A2, 2.50%, 10/25/26(a) |
760 | 718,317 | ||||||
Series 2017-M14, Class A2, 2.96%, 11/25/27(a) |
1,708 | 1,623,023 | ||||||
Series 2017-M15, Class ATS2, 3.20%, 11/25/27(a) |
427 | 411,282 | ||||||
Series 2018-M14, Class A2, 3.70%, 08/25/28(a) |
409 | 398,495 | ||||||
Series 2019-M12, Class A2, 2.89%, 06/25/29(a) |
1,175 | 1,095,009 | ||||||
Series 2019-M25, Class A2, 2.33%, 11/25/29(a) |
1,690 | 1,518,582 | ||||||
Series 2020-M1, Class A1, 2.15%, 10/25/29 |
1,455 | 1,372,362 | ||||||
Series 2020-M1, Class A2, 2.44%, 10/25/29 |
2,530 | 2,281,371 | ||||||
Series 2020-M14, Class A2, 1.78%, 05/25/30 |
1,000 | 853,174 | ||||||
Series 2020-M20, Class A2, 1.44%, 10/25/29 |
250 | 211,768 | ||||||
Series 2020-M5, Class A3, 2.19%, 01/25/30 |
1,000 | 880,626 | ||||||
Series 2020-M8, Class A2, 1.82%, 02/25/30 |
100 | 86,788 | ||||||
Series 2021-M19, Class A2, 1.80%, 10/25/31(a) |
2,000 | 1,652,078 | ||||||
Series 2021-M4, Class A2, 1.51%, 02/25/31(a) |
2,500 | 2,045,903 | ||||||
Series 2022-M3, Class A2, 1.76%, 11/25/31(a) |
2,000 | 1,639,995 | ||||||
Series 2022-M4, Class A2, 2.29%, 05/25/30(a) |
1,800 | 1,594,397 | ||||||
Series2019-M6, Class A2, 3.45%, 01/01/29 |
477 | 463,431 | ||||||
Freddie
Mac Multifamily Structured Pass Through Certificates |
1,000 | 895,409 | ||||||
3.53%, 08/25/32 (Call 09/25/32) |
1,000 | 948,374 |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
3.80%, 10/25/32 (Call 11/25/32)(a) |
$ | 1,000 | $ | 968,218 | ||||
GS Mortgage Securities Trust |
||||||||
Series
2013-GC16, Class AS, 4.65%, 11/10/46 |
150 | 148,126 | ||||||
Series
2013-GC16, Class C, 5.48%, 11/10/46 |
100 | 96,441 | ||||||
Series
2014-GC18, Class AS, 4.38%, 01/10/47 |
650 | 633,505 | ||||||
Series
2014-GC20, Class B, 4.53%, 04/10/47 |
250 | 239,954 | ||||||
Series
2014-GC22, Class AS, 4.11%, 06/10/47 |
250 | 242,409 | ||||||
Series
2014-GC24, Class AAB, 3.65%, 09/10/47 |
149 | 147,041 | ||||||
Series
2014-GC26, Class A5, 3.63%, 11/10/47 |
1,485 | 1,429,015 | ||||||
Series
2015-GC30, Class AAB, 3.12%, 05/10/50 |
161 | 157,272 | ||||||
Series
2015-GC30, Class AS, 3.78%, 05/10/50 |
500 | 473,010 | ||||||
Series
2015-GC32, Class A3, 3.50%, 07/10/48 |
543 | 521,142 | ||||||
Series
2015-GC32, Class C, 4.56%, 07/10/48 |
804 | 716,726 | ||||||
Series
2015-GC34, Class A4, 3.51%, 10/10/48 |
1,500 | 1,425,183 | ||||||
Series
2015-GS1, Class A3, 3.73%,
11/10/48 |
1,500 | 1,437,686 | ||||||
Series
2016-GS2, Class A4, 3.05%,
05/10/49 |
1,170 | 1,098,673 | ||||||
Series
2016-GS3, Class A3, 2.59%,
10/10/49 |
1,291 | 1,192,802 | ||||||
Series
2016-GS3, Class A4, 2.85%,
10/10/49 |
780 | 721,891 | ||||||
Series
2016-GS4, Class A4, 3.44%,
11/10/49 |
39 | 36,730 | ||||||
Series
2017-GS6, Class B, 3.87%,
05/10/50 |
1,000 | 861,572 | ||||||
Series
2017-GS7, Class A3, 3.17%,
08/10/50 |
1,000 | 920,085 | ||||||
Series
2017-GS7, Class B, 3.88%,
08/10/50 |
500 | 440,731 | ||||||
Series
2018-GS9, Class A4, 3.99%,
03/10/51 |
1,000 | 951,306 | ||||||
Series
2019-GC38, Class A4, 3.97%, 02/10/52 |
750 | 708,020 | ||||||
Series
2019-GC40, Class A4, 3.16%, 07/10/52 |
1,131 | 1,017,096 | ||||||
Series
2019-GSA1, Class C, 3.93%, 11/10/52 |
500 | 388,344 | ||||||
Series
2020-GC45, Class A4, 2.66%, 02/13/53 |
775 | 671,413 | ||||||
JP Morgan Chase Commercial Mortgage Securities Trust |
||||||||
Series
2015-JP1, Class A4, 3.65%,
01/15/49 |
1,000 | 958,466 | ||||||
Series
2015-JP1, Class AS, 4.12%,
01/15/49 |
750 | 703,082 | ||||||
Series
2016-JP3, Class AS, 3.14%,
08/15/49 |
1,000 | 887,153 | ||||||
Series
2016-JP3, Class B, 3.40%,
08/15/49 |
108 | 91,575 |
S C H E D U L E O F I N V E S T M E N T S |
15 |
Schedule of Investments (unaudited) (continued) April 30, 2023 |
iShares® CMBS ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
JPMBB Commercial Mortgage Securities Trust |
||||||||
Series
2013-C14, Class B, 4.70%,
08/15/46 |
$ | 500 | $ | 480,872 | ||||
Series
2013-C15, Class C, 5.34%,
11/15/45 |
110 | 106,946 | ||||||
Series
2013-C17, Class C, 5.05%,
01/15/47 |
100 | 96,298 | ||||||
Series
2014-C18, Class B, 4.89%,
02/15/47 |
225 | 204,157 | ||||||
Series
2014-C19, Class C, 4.80%,
04/15/47 |
200 | 187,816 | ||||||
Series
2014-C21, Class ASB, 3.43%,
08/15/47 |
82 | 80,887 | ||||||
Series
2014-C22, Class A4, 3.80%,
09/15/47 |
1,006 | 976,051 | ||||||
Series
2014-C22, Class C, 4.70%,
09/15/47 |
200 | 176,515 | ||||||
Series
2014-C23, Class A5, 3.93%,
09/15/47 |
1,144 | 1,111,882 | ||||||
Series
2014-C25, Class AS, 4.07%,
11/15/47 |
232 | 222,318 | ||||||
Series
2014-C25, Class B, 4.35%,
11/15/47 |
185 | 164,935 | ||||||
Series
2015-C27, Class AS, 3.63%,
02/15/48 |
500 | 468,055 | ||||||
Series
2015-C28, Class A3, 2.91%,
10/15/48 |
666 | 635,907 | ||||||
Series
2015-C29, Class ASB, 3.30%,
05/15/48 |
191 | 186,386 | ||||||
Series
2015-C29, Class B, 4.12%,
05/15/48 |
250 | 229,390 | ||||||
Series
2015-C30, Class AS, 4.23%,
07/15/48 |
635 | 597,895 | ||||||
Series
2015-C31, Class A3, 3.80%,
08/15/48 |
946 | 912,728 | ||||||
Series
2015-C33, Class A4, 3.77%,
12/15/48 |
1,000 | 966,011 | ||||||
Series
2016-C1, Class A5, 3.58%,
03/17/49 |
822 | 783,458 | ||||||
Series
2016-C1, Class B, 4.89%,
03/17/49 |
450 | 411,676 | ||||||
Series
2016-C1, Class C, 4.89%,
03/17/49 |
400 | 352,512 | ||||||
JPMCC Commercial Mortgage Securities Trust |
||||||||
Series
2017-JP5, Class AS, 3.88%,
03/15/50 |
650 | 603,104 | ||||||
Series
2017-JP5, Class ASB, 3.55%,
03/15/50 |
100 | 96,547 | ||||||
Series
2017-JP6, Class A5, 3.49%,
07/15/50 |
300 | 279,815 | ||||||
Series
2017-JP6, Class AS, 3.74%,
07/15/50 |
400 | 368,369 | ||||||
Series
2017-JP7, Class A5, 3.45%,
09/15/50 |
1,000 | 933,766 | ||||||
Series
2019-COR5, Class A2, 3.15%, 06/13/52 |
313 | 305,277 | ||||||
Series
2019-COR5, Class A4, 3.39%, 06/13/52 |
1,200 | 1,094,899 | ||||||
JPMDB Commercial Mortgage Securities Trust |
||||||||
Series
2016-C2, Class A4, 3.14%,
06/15/49 |
1,000 | 941,028 |
Security | Par (000) |
Value | ||||||
Mortgage-Backed Securities (continued) |
||||||||
Series
2016-C2, Class B, 3.99%,
06/15/49 |
$ | 750 | $ | 640,440 | ||||
Series
2017-C5, Class A5, 3.69%,
03/15/50 |
1,100 | 1,038,733 | ||||||
Series
2017-C7, Class A5, 3.41%,
10/15/50 |
1,050 | 977,110 | ||||||
Series
2018-C8, Class A3, 3.94%,
06/15/51 |
561 | 536,046 | ||||||
Series
2019-COR6, Class A4, 3.06%, 11/13/52 |
955 | 836,716 | ||||||
Series
2020-COR7, Class A5, 2.18%, 05/13/53 |
539 | 449,913 | ||||||
JPMorgan Chase Commercial Mortgage Securities Trust |
||||||||
Series
2013-C13, Class A4, 3.99%,
01/15/46 |
57 | 56,825 | ||||||
Series
2014-C20, Class B, 4.40%,
07/15/47 |
100 | 91,862 | ||||||
Series
2015-JP1, Class A5, 3.91%,
01/15/49 |
1,462 | 1,405,809 | ||||||
Series
2016-JP2, Class AS, 3.06%,
08/15/49 |
700 | 635,787 | ||||||
Series
2016-JP4, Class A4, 3.65%,
12/15/49 |
1,090 | 1,032,931 | ||||||
Morgan
Stanley Bank of America Merrill Lynch Trust |
737 | 681,195 | ||||||
Series
2013-C11, Class A3, 3.96%,
08/15/46 |
196 | 195,578 | ||||||
Series
2013-C13, Class C, 5.05%,
11/15/46 |
230 | 223,987 | ||||||
Series
2014-C14, Class B, 5.04%,
02/15/47 |
200 | 196,391 | ||||||
Series
2014-C15, Class ASB, 3.65%,
04/15/47 |
40 | 39,209 | ||||||
Series
2014-C18, Class A3, 3.65%,
10/15/47 |
329 | 319,865 | ||||||
Series
2014-C18, Class A4, 3.92%,
10/15/47 |
1,150 | 1,117,555 | ||||||
Series
2015-C20, Class AS, 3.61%,
02/15/48 |
500 | 474,408 | ||||||
Series
2015-C21, Class A4, 3.34%,
03/15/48 |
901 | 863,620 | ||||||
Series
2015-C22, Class A4, 3.31%,
04/15/48 |
1,000 | 956,429 | ||||||
Series
2015-C22, Class C, 4.34%,
04/15/48 |
250 | 218,631 | ||||||
Series
2015-C23, Class A3, 3.45%,
07/15/50 |
717 | 687,679 | ||||||
Series
2015-C23, Class A4, 3.72%,
07/15/50 |
1,000 | 962,285 | ||||||
Series
2015-C24, Class A3, 3.48%,
05/15/48 |
308 | 295,476 | ||||||
Series
2015-C24, Class A4, 3.73%,
05/15/48 |
950 | 914,543 | ||||||
Series
2015-C25, Class ASB, 3.38%,
10/15/48 |
260 | 251,917 | ||||||
Series
2016-C28, Class A4, 3.54%,
01/15/49 |
1,000 | 952,453 | ||||||
Series
2016-C30, Class A5, 2.86%,
09/15/49 |
500 | 462,780 | ||||||
Series
2016-C31, Class A5, 3.10%,
11/15/49 |
1,250 | 1,164,081 | ||||||
Series
2016-C32, Class A4, 3.72%,
12/15/49 |
1,000 | 948,532 |
16 |
2 0 2 3 I S H A R E S S E M I - A N N U A L R E P O R T T O S H A R E H O L D E R S |