|
OCTOBER 31, 2022 |
2022 Annual Report |
iShares Trust
· |
iShares iBonds Dec 2022 Term Corporate ETF | IBDN | NYSE Arca |
· |
iShares iBonds Dec 2023 Term Corporate ETF | IBDO | NYSE Arca |
· |
iShares iBonds Dec 2024 Term Corporate ETF | IBDP | NYSE Arca |
· |
iShares iBonds Dec 2025 Term Corporate ETF | IBDQ | NYSE Arca |
· |
iShares iBonds Dec 2026 Term Corporate ETF | IBDR | NYSE Arca |
· |
iShares iBonds Dec 2027 Term Corporate ETF | IBDS | NYSE Arca |
· |
iShares iBonds Dec 2028 Term Corporate ETF | IBDT | NYSE Arca |
· |
iShares iBonds Dec 2029 Term Corporate ETF | IBDU | NYSE Arca |
· |
iShares iBonds Dec 2030 Term Corporate ETF | IBDV | NYSE Arca |
· |
iShares iBonds Dec 2031 Term Corporate ETF | IBDW | NYSE Arca |
· |
iShares iBonds Dec 2032 Term Corporate ETF | IBDX | NYSE Arca |
Dear Shareholder,
Significant economic headwinds emerged during the 12-month reporting period ended October 31, 2022, disrupting the economic recovery and strong financial markets of 2021. The U.S. economy shrank in the first half of 2022 before returning to moderate growth in the third quarter, 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. 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 weighing on relatively high-valuation growth stocks as inflation decreased the value of future cash flows and investors shifted focus to balance sheet resilience. Both large- and small-capitalization U.S. stocks fell, although declines for small-capitalization U.S. stocks were slightly steeper. Emerging market stocks and international equities from developed markets also declined significantly, pressured by rising interest rates and a strengthening U.S. dollar.
The 10-year U.S. Treasury yield rose notably during the reporting period, driving its price down, as investors reacted to higher inflation and attempted to anticipate its impact on future interest rate changes. The corporate bond market also faced inflationary headwinds, and increasing uncertainty led to higher corporate bond spreads (the difference in yield between U.S. Treasuries and similarly-dated corporate bonds).
The U.S. Federal Reserve (the “Fed”), acknowledging that inflation has been more persistent than expected, raised interest rates five times while indicating that additional rate hikes were likely. Furthermore, the Fed wound down its bond-buying programs and is accelerating the reduction of its balance sheet. As investors attempted to assess the Fed’s future trajectory, the Fed’s statements late in the reporting period led markets to believe that additional tightening is likely in the near term.
The pandemic’s restructuring of the economy brought an ongoing mismatch between supply and demand, contributing to the current inflationary regime. While growth has slowed in 2022, we believe that taming inflation requires a more dramatic economic decline to bring demand back to a lower level that is more in line with the economy’s capacity. The Fed has been raising interest rates at the fastest pace in decades, and seems set to overtighten in its effort 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, and the outlook for Europe and the U.K. is also troubling. 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.
In this environment, while we favor an overweight to equities in the long-term, the market’s concerns over excessive rate hikes from central banks moderate our outlook. Rising input costs and a deteriorating economic backdrop in China and Europe are likely to challenge corporate earnings, so we are underweight equities overall in the near term. However, we see better opportunities in credit, where higher spreads provide income opportunities and partially compensate for inflation risk. We believe that investment-grade corporates, local-currency emerging market debt, and inflation-protected bonds (particularly in Europe) offer strong opportunities for a six- to twelve-month horizon.
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 October 31, 2022 | ||||
6-Month | 12-Month | |||
U.S.
large cap equities |
(5.50)% | (14.61)% | ||
U.S.
small cap equities |
(0.20) | (18.54) | ||
International
equities |
(12.70) | (23.00) | ||
Emerging
market equities |
(19.66) | (31.03) | ||
3-month Treasury bills |
0.72 | 0.79 | ||
U.S.
Treasury securities |
(8.24) | (17.68) | ||
U.S.
investment grade bonds |
(6.86) | (15.68) | ||
Tax-exempt municipal
bonds |
(4.43) | (11.98) | ||
U.S.
high yield bonds |
(4.71) | (11.76) | ||
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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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 |
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iShares Trust
U.S. Corporate Bond Market Overview
U.S. investment-grade corporate bonds fell sharply for the 12 months ended October 31, 2022 (“reporting period”). The Markit iBoxx USD Liquid Investment Grade Index, a broad measure of U.S. investment-grade corporate bond performance, returned -22.04%.
The U.S. Federal Reserve’s (Fed’s) shift toward tighter monetary policy was the primary factor driving the market downturn. Annualized consumer price inflation, which had been under 3.0% for over a decade, began to rise throughout 2021 and reached 7.0% by the end of the year. The inflation picture soon grew even more challenging following Russia’s invasion of Ukraine in early 2022, which—together with the resulting sanctions—further snarled global supply chains and contributed to a spike in energy prices. Inflation exceeded 8.0% in March 2022 and remained above that level through the end of the reporting period, with a peak of 9.1% in June.
The Fed moved aggressively to calm price pressures, ending its stimulative quantitative easing program and boosting interest rates from a range of 0.0%-0.25% to 3.0-3.25% in five separate increases from March to September 2022. This marked the largest move in such a short interval since 1980. In addition, the Fed appeared set to continue raising rates until inflation showed signs of returning closer to its longer-term target of 2%. Some evidence began to emerge later in the period that the Fed’s rate hikes had begun to reduce activity in certain segments of the economy, but there was still no sign that consumer price inflation had started to decline in a meaningful fashion. As a result, market prices at the end of October indicated that the central bank would not stop tightening until rates reached the 4.5-5.0% range.
These factors caused corporate bonds to decline steadily from the beginning of 2022 through the end of October, with only a short-lived relief rally in the summer interrupting the downward momentum. Of the three sectors in the Markit iBoxx USD Liquid Investment Grade Index, financials finished with the smallest decline. Although insurance issues lagged considerably, banks and finance companies outperformed in relative terms. Industrials lagged financials, with the communications and non-cyclical industries leading the way on the downside. Utilities, which has the smallest index weighting of the three sectors, was the weakest performer. Long-term corporate bonds lagged shorter-term issues by a wide margin. In terms of credit quality, higher-rated bonds generally outperformed lower-rated securities amid investors’ search for relative “safe havens” in the challenging environment.
While the market performed poorly, one notable result of the downturn was that yields on corporate bonds—as gauged by the ICE BofA US Corporate Index—closed the period at the highest level since 2009. In addition, corporate fundamentals remained strong as of the end of October 2022. Leverage was low, overall credit quality was robust, and default rates remained below the historical average. Further, companies’ efforts to refinance their debt in recent years reduced the risk that a wave of maturing bonds would need to be replaced at higher yields.
4 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2022 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2022 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2022, as represented by the Bloomberg December 2022 Maturity Corporate 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 | |||||||||||||||||||||||||||
1 Year | 5 Years | Since Inception |
1 Year | 5 Years | Since Inception |
|||||||||||||||||||||||
Fund NAV |
0.93 | % | 2.32 | % | 2.68 | % | 0.93 | % | 12.15 | % | 22.38 | % | ||||||||||||||||
Fund Market |
0.82 | 2.24 | 2.65 | 0.82 | 11.70 | 22.18 | ||||||||||||||||||||||
Index |
0.73 | 2.35 | 2.74 | 0.73 | 12.32 | 22.97 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was March 10, 2015. The first day of secondary market trading was March 12, 2015.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 1,010.40 | $ | 0.46 | $ | 1,000.00 | $ | 1,024.80 | $ | 0.46 | 0.09 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 October 31, 2022 (continued) | iShares® iBonds® Dec 2022 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
0.3 | % | ||
Aa |
7.0 | |||
A |
12.8 | |||
Baa |
22.2 | |||
Not Rated |
0.4 | |||
Short-Term and Other Assets |
57.3 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
AbbVie Inc., 2.30%, 11/21/22 |
5.7 | % | ||
Visa Inc., 2.80%, 12/14/22 |
3.6 | |||
AbbVie Inc., 2.90%, 11/06/22 |
2.1 | |||
DTE Energy Co., 2.25%, 11/01/22 |
1.7 | |||
Mosaic Co. (The), 3.25%, 11/15/22 |
1.6 |
* |
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. |
6 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2023 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2023 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2023, as represented by the Bloomberg December 2023 Maturity Corporate 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 | |||||||||||||||||||||||||||
1 Year | 5 Years | Since Inception |
1 Year | 5 Years | Since Inception |
|||||||||||||||||||||||
Fund NAV |
(1.81 | )% | 2.31 | % | 2.78 | % | (1.81 | )% | 12.11 | % | 23.33 | % | ||||||||||||||||
Fund Market |
(1.78 | ) | 2.27 | 2.78 | (1.78 | ) | 11.85 | 23.28 | ||||||||||||||||||||
Index |
(1.67 | ) | 2.41 | 2.85 | (1.67 | ) | 12.62 | 23.93 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was March 11, 2015. The first day of secondary market trading was March 12, 2015.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 1,000.20 | $ | 0.50 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 October 31, 2022 (continued) | iShares® iBonds® Dec 2023 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
3.1 | % | ||
Aa |
6.6 | |||
A |
45.4 | |||
Baa |
39.2 | |||
Ba |
0.5 | |||
Not Rated |
1.1 | |||
Short-Term and Other Assets |
4.1 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
Apple Inc., 2.40%, 05/03/23 |
1.1 | % | ||
Southern California Edison Co., Series J, 0.70%, 08/01/23 |
1.0 | |||
Cigna Corp., 3.00%, 07/15/23 |
0.8 | |||
DuPont de Nemours Inc., 4.21%, 11/15/23 |
0.8 | |||
Bank of America Corp., 3.30%, 01/11/23 |
0.7 |
* |
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 2 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 October 31, 2022 | iShares® iBonds® Dec 2024 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2024 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2024, as represented by the Bloomberg December 2024 Maturity Corporate 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 | |||||||||||||||||||||||||||
1 Year | 5 Years | Since Inception |
1 Year | 5 Years | Since Inception |
|||||||||||||||||||||||
Fund NAV |
(5.22 | )% | 1.94 | % | 2.56 | % | (5.22 | )% | 10.09 | % | 21.30 | % | ||||||||||||||||
Fund Market |
(5.15 | ) | 1.90 | 2.57 | (5.15 | ) | 9.88 | 21.43 | ||||||||||||||||||||
Index |
(5.19 | ) | 2.06 | 2.71 | (5.19 | ) | 10.73 | 22.68 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was March 11, 2015. The first day of secondary market trading was March 12, 2015.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 987.40 | $ | 0.50 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 |
9 |
Fund Summary as of October 31, 2022 (continued) | iShares® iBonds® Dec 2024 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.7 | % | ||
Aa |
4.2 | |||
A |
46.8 | |||
Baa |
43.6 | |||
Ba |
1.0 | |||
Not Rated |
1.6 | |||
Short-Term and Other Assets |
1.1 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
AbbVie Inc., 2.60%, 11/21/24 |
0.7 | % | ||
Morgan Stanley, Series F, 3.88%, 04/29/24 |
0.7 | |||
Morgan Stanley, 3.70%, 10/23/24 |
0.7 | |||
Wells Fargo & Co., 3.75%, 01/24/24 |
0.7 | |||
JPMorgan Chase & Co., 3.88%, 09/10/24 |
0.6 |
* |
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. |
10 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2025 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2025 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2025, as represented by the Bloomberg December 2025 Maturity Corporate 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 | |||||||||||||||||||||||||||
1 Year | 5 Years | Since Inception |
1 Year | 5 Years | Since Inception |
|||||||||||||||||||||||
Fund NAV |
(7.80 | )% | 1.92 | % | 2.56 | % | (7.80 | )% | 9.97 | % | 21.30 | % | ||||||||||||||||
Fund Market |
(7.89 | ) | 1.85 | 2.55 | (7.89 | ) | 9.58 | 21.19 | ||||||||||||||||||||
Index |
(7.79 | ) | 1.93 | 2.61 | (7.79 | ) | 10.00 | 21.78 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was March 11, 2015. The first day of secondary market trading was March 12, 2015.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 976.70 | $ | 0.50 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 |
11 |
Fund Summary as of October 31, 2022 (continued) | iShares® iBonds® Dec 2025 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
2.5 | % | ||
Aa |
5.4 | |||
A |
40.0 | |||
Baa |
48.1 | |||
Ba |
1.5 | |||
Not Rated |
1.2 | |||
Short-Term and Other Assets |
1.3 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25 |
0.8 | % | ||
Visa Inc., 3.15%, 12/14/25 |
0.8 | |||
AbbVie Inc., 3.60%, 05/14/25 |
0.7 | |||
Boeing Co. (The), 4.88%, 05/01/25 |
0.6 | |||
Oracle Corp., 2.95%, 05/15/25 |
0.6 |
* |
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. |
12 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2026 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2026 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2026, as represented by the Bloomberg December 2026 Maturity Corporate 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 | |||||||||||||||||||||||||||
1 Year | 5 Years | Since Inception |
1 Year | 5 Years | Since Inception |
|||||||||||||||||||||||
Fund NAV |
(10.69 | )% | 1.46 | % | 1.60 | % | (10.69 | )% | 7.51 | % | 10.23 | % | ||||||||||||||||
Fund Market |
(10.90 | ) | 1.35 | 1.58 | (10.90 | ) | 6.96 | 10.10 | ||||||||||||||||||||
Index |
(10.67 | ) | 1.53 | 1.70 | (10.67 | ) | 7.89 | 10.90 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was September 13, 2016. The first day of secondary market trading was September 15, 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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 964.00 | $ | 0.50 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 |
13 |
Fund Summary as of October 31, 2022 (continued) | iShares® iBonds® Dec 2026 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
2.9 | % | ||
Aa |
5.4 | |||
A |
38.0 | |||
Baa |
50.2 | |||
Ba |
1.3 | |||
Not Rated |
1.1 | |||
Short-Term and Other Assets |
1.1 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
Dell International LLC/EMC Corp., 6.02%, 06/15/26 |
0.9 | % | ||
AbbVie Inc., 2.95%, 11/21/26 |
0.8 | |||
Boeing Co. (The), 2.20%, 02/04/26 |
0.7 | |||
Microsoft Corp., 2.40%, 08/08/26 |
0.7 | |||
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc., 3.65%, 02/01/26 |
0.7 |
* |
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. |
14 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2027 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2027 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2027, as represented by the Bloomberg December 2027 Maturity Corporate 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 | |||||||||||||||||||||||||||
1 Year | 5 Years | Since Inception |
1 Year | 5 Years | Since Inception |
|||||||||||||||||||||||
Fund NAV |
(12.31 | )% | 1.19 | % | 1.24 | % | (12.31 | )% | 6.11 | % | 6.54 | % | ||||||||||||||||
Fund Market |
(12.28 | ) | 1.18 | 1.27 | (12.28 | ) | 6.02 | 6.70 | ||||||||||||||||||||
Index |
(12.31 | ) | 1.26 | 1.29 | (12.31 | ) | 6.45 | 6.82 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was September 12, 2017. The first day of secondary market trading was September 14, 2017.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 956.80 | $ | 0.49 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 |
15 |
Fund Summary as of October 31, 2022 (continued) | iShares® iBonds® Dec 2027 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
3.2 | % | ||
Aa |
4.0 | |||
A |
35.6 | |||
Baa |
54.0 | |||
Ba |
0.5 | |||
Not Rated |
1.4 | |||
Short-Term and Other Assets |
1.3 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
Citigroup Inc., 4.45%, 09/29/27 |
0.9 | % | ||
T-Mobile USA Inc., 3.75%, 04/15/27 |
0.9 | |||
Microsoft Corp., 3.30%, 02/06/27 |
0.8 | |||
Magallanes Inc., 3.76%, 03/15/27 |
0.8 | |||
Verizon Communications Inc., 4.13%, 03/16/27 |
0.8 |
* |
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. |
16 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2028 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2028 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2028, as represented by the Bloomberg December 2028 Maturity Corporate 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 | |||||||||||||||||||
1 Year | Since Inception |
1 Year | Since Inception |
|||||||||||||||||
Fund NAV |
(14.77 | )% | 1.68 | % | (14.77 | )% | 7.09 | % | ||||||||||||
Fund Market |
(14.61 | ) | 1.72 | (14.61 | ) | 7.29 | ||||||||||||||
Index |
(14.75 | ) | 1.70 | (14.75 | ) | 7.19 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was September 18, 2018. The first day of secondary market trading was September 20, 2018.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 946.00 | $ | 0.49 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 |
17 |
Fund Summary as of October 31, 2022 (continued) | iShares® iBonds® Dec 2028 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.6 | % | ||
Aa |
2.9 | |||
A |
30.8 | |||
Baa |
60.3 | |||
Ba |
2.2 | |||
Not Rated |
0.8 | |||
Short-Term and Other Assets |
1.4 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
CVS Health Corp., 4.30%, 03/25/28 |
1.5 | % | ||
Verizon Communications Inc., 4.33%, 09/21/28 |
1.3 | |||
Comcast Corp., 4.15%, 10/15/28 |
1.2 | |||
Cigna Corp., 4.38%, 10/15/28 |
1.1 | |||
Vodafone Group PLC, 4.38%, 05/30/28 |
1.0 |
* |
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. |
18 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2029 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2029 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2029, as represented by the Bloomberg December 2029 Maturity Corporate 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 | |||||||||||||||||||
1 Year | Since Inception |
1 Year | Since Inception |
|||||||||||||||||
Fund NAV |
(16.19 | )% | (2.20 | )% | (16.19 | )% | (6.70 | )% | ||||||||||||
Fund Market |
(16.20 | ) | (2.16 | ) | (16.20 | ) | (6.58 | ) | ||||||||||||
Index |
(16.14 | ) | (2.17 | ) | (16.14 | ) | (6.61 | ) |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was September 17, 2019. The first day of secondary market trading was September 19, 2019.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 939.80 | $ | 0.49 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 |
19 |
Fund Summary as of October 31, 2022 (continued) | iShares® iBonds® Dec 2029 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.0 | % | ||
Aa |
2.9 | |||
A |
35.2 | |||
Baa |
54.7 | |||
Ba |
2.4 | |||
Not Rated |
1.8 | |||
Short-Term and Other Assets |
2.0 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
AbbVie Inc., 3.20%, 11/21/29 |
2.0 | % | ||
Anheuser-Busch InBev Worldwide Inc., 4.75%, 01/23/29 |
1.6 | |||
Verizon Communications Inc., 4.02%, 12/03/29 |
1.5 | |||
International Business Machines Corp., 3.50%, 05/15/29 |
1.2 | |||
AT&T Inc., 4.35%, 03/01/29 |
1.1 |
* |
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. |
20 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2030 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2030 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar denominated, investment grade corporate bonds maturing in 2030, as represented by the Bloomberg December 2030 Maturity Corporate 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 | |||||||||||||||||||
1 Year | Since Inception |
1 Year | Since Inception |
|||||||||||||||||
Fund NAV |
(17.98 | )% | (7.13 | )% | (17.98 | )% | (16.02 | )% | ||||||||||||
Fund Market |
(17.98 | ) | (7.05 | ) | (17.98 | ) | (15.85 | ) | ||||||||||||
Index |
(17.92 | ) | (7.13 | ) | (17.92 | ) | (15.98 | ) |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was June 23, 2020. The first day of secondary market trading was June 25, 2020.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 932.20 | $ | 0.49 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 |
21 |
Fund Summary as of October 31, 2022 (continued) | iShares® iBonds® Dec 2030 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.2 | % | ||
Aa |
5.8 | |||
A |
32.3 | |||
Baa |
56.7 | |||
Ba |
1.0 | |||
Not Rated |
1.1 | |||
Short-Term and Other Assets |
1.9 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
T-Mobile USA Inc., 3.88%, 04/15/30 |
1.7 | % | ||
Boeing Co. (The), 5.15%, 05/01/30 |
1.2 | |||
Deutsche Telekom International Finance BV, 8.75%, 06/15/30 |
1.2 | |||
AT&T Inc., 4.30%, 02/15/30 |
0.9 | |||
Pacific Gas and Electric Co., 4.55%, 07/01/30 |
0.8 |
* |
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. |
22 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2031 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2031 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2031, as represented by the Bloomberg December 2031 Maturity Corporate 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 | |||||||||||||||||||
1 Year | Since Inception |
1 Year | Since Inception |
|||||||||||||||||
Fund NAV |
(20.24 | )% | (15.20 | )% | (20.24 | )% | (20.11 | )% | ||||||||||||
Fund Market |
(20.23 | ) | (15.11 | ) | (20.23 | ) | (20.00 | ) | ||||||||||||
Index |
(20.16 | ) | (15.29 | ) | (20.16 | ) | (20.14 | ) |
The inception date of the Fund was June 22, 2021. The first day of secondary market trading was June 24, 2021.
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 (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 919.50 | $ | 0.48 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 184/365 (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 |
23 |
Fund Summary as of October 31, 2022 (continued) | iShares® iBonds® Dec 2031 Term Corporate ETF |
Portfolio Information
CREDIT QUALITY ALLOCATION
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.4 | % | ||
Aa |
3.4 | |||
A |
28.2 | |||
Baa |
61.3 | |||
Ba |
1.8 | |||
Not Rated |
2.5 | |||
Short-Term and Other Assets |
1.4 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
Verizon Communications Inc., 2.55%, 03/21/31 |
1.7 | % | ||
Orange SA, 9.00%, 03/01/31 |
1.4 | |||
Oracle Corp., 2.88%, 03/25/31 |
1.2 | |||
Amazon.com Inc., 2.10%, 05/12/31 |
1.2 | |||
AT&T Inc., 2.75%, 06/01/31 |
1.2 |
* |
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. |
24 |
2 0 2 2 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 October 31, 2022 | iShares® iBonds® Dec 2032 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2032 Term Corporate ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2032, as represented by the Bloomberg December 2032 Maturity Corporate 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
Cumulative Total Returns | ||||
Since Inception |
||||
Fund NAV |
(5.34 | )% | ||
Fund Market |
(5.39 | ) | ||
Index |
(5.36 | ) |
For the fiscal period ended October 31, 2022, the Fund did not have six months of performance and therefore line graphs are not presented.
The inception date of the Fund was June 28, 2022. The first day of secondary market trading was June 30, 2022.
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 (06/28/22) |
(a) |
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(b) |
|
Beginning Account Value (05/01/22) |
|
|
Ending Account Value (10/31/22) |
|
|
Expenses Paid During the Period |
(b) |
|
Annualized Expense Ratio |
| ||||||||||
$ | 1,000.00 | $ | 946.60 | $ | 0.33 | $ | 1,000.00 | $ | 1,024.70 | $ | 0.51 | 0.10 | % |
(a) |
Commencement of operations. |
(b) |
Expenses are equal to the annualized expense ratio, multiplied by the average account value over the period, multiplied by 125/365 for actual expenses and 184/365 for hypothetical expenses (to reflect the six month 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 Ratings* | Percent of Net Assets |
|||
Aaa |
0.5 | % | ||
Aa |
4.3 | |||
A |
34.6 | |||
Baa |
55.8 | |||
Ba |
1.4 | |||
B |
0.4 | |||
Not Rated |
1.5 | |||
Short-Term and Other Assets |
1.5 |
FIVE LARGEST HOLDINGS
Security | |
Percent of Net Assets |
(a) | |
Magallanes Inc., 4.28%, 03/15/32 |
2.0 | % | ||
Verizon Communications Inc., 2.36%, 03/15/32 |
1.8 | |||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.30%, 01/30/32 |
1.6 | |||
General Electric Co., 6.75%, 03/15/32 |
1.5 | |||
Meta Platforms Inc., 3.85%, 08/15/32 |
1.3 |
* |
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 |
25 |
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.
26 |
2 0 2 2 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 |
October 31, 2022 |
iShares® iBonds® Dec 2022 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Corporate Bonds & Notes |
| |||||||
Aerospace & Defense — 0.4% | ||||||||
General Dynamics Corp., 2.25%, 11/15/22 |
$ | 5,262 | $ | 5,256,317 | ||||
|
|
|||||||
Agriculture — 0.3% | ||||||||
Philip Morris International Inc., 2.50%, 11/02/22 |
4,394 | 4,394,000 | ||||||
|
|
|||||||
Airlines — 0.2% | ||||||||
Southwest Airlines Co., 2.75%, 11/16/22 |
2,913 | 2,908,281 | ||||||
|
|
|||||||
Auto Manufacturers — 0.2% | ||||||||
American Honda Finance Corp., 2.60%, 11/16/22 |
2,916 | 2,914,163 | ||||||
|
|
|||||||
Banks — 9.7% | ||||||||
Australia & New Zealand Banking Group Ltd./New York NY |
||||||||
2.05%, 11/21/22 |
10,576 | 10,563,943 | ||||||
2.63%, 11/09/22 |
9,863 | 9,859,745 | ||||||
Bank of Montreal |
||||||||
2.05%, 11/01/22 |
5,606 | 5,606,000 | ||||||
2.55%, 11/06/22 |
5,039 | 5,036,682 | ||||||
Bank of Nova Scotia (The), 2.00%, 11/15/22(a) |
13,083 | 13,071,880 | ||||||
Cooperatieve Rabobank UA, 3.95%, 11/09/22 |
8,191 | 8,189,362 | ||||||
Deutsche Bank AG/New York NY, 3.30%, 11/16/22 |
6,608 | 6,603,044 | ||||||
Morgan Stanley, 4.88%, 11/01/22 |
12,793 | 12,793,000 | ||||||
MUFG Union Bank NA, 2.10%, 12/09/22 (Call 12/01/22) |
16,440 | 16,376,871 | ||||||
National Australia Bank Ltd./New York, 1.88%, 12/13/22 |
3,854 | 3,843,247 | ||||||
Natwest Group PLC, 6.13%, 12/15/22 |
11,215 | 11,200,196 | ||||||
PNC Bank NA, 2.70%, 11/01/22 |
4,174 | 4,174,000 | ||||||
PNC Financial Services Group Inc. (The), 2.85%, 11/09/22(b) |
4,616 | 4,614,015 | ||||||
Synovus Financial Corp., 3.13%, 11/01/22 |
4,699 | 4,699,000 | ||||||
Toronto-Dominion Bank (The), 1.90%, 12/01/22 |
12,728 | 12,703,944 | ||||||
|
|
|||||||
129,334,929 | ||||||||
Chemicals — 2.1% | ||||||||
Celanese U.S. Holdings LLC, 4.63%, 11/15/22 |
3,068 | 3,067,386 | ||||||
Mosaic Co. (The), 3.25%, 11/15/22 |
21,438 | 21,421,493 | ||||||
RPM International Inc., 3.45%, 11/15/22(a) |
2,702 | 2,701,325 | ||||||
|
|
|||||||
27,190,204 | ||||||||
Cosmetics & Personal Care — 0.1% | ||||||||
Colgate-Palmolive Co., 2.25%, 11/15/22 |
1,503 | 1,501,993 | ||||||
|
|
|||||||
Diversified Financial Services — 5.0% | ||||||||
American Express Co., 2.65%, 12/02/22 |
12,861 | 12,843,252 | ||||||
Discover Financial Services, 3.85%, 11/21/22 |
5,562 | 5,556,048 | ||||||
Visa Inc., 2.80%, 12/14/22 (Call 12/01/22) |
48,610 | 48,536,113 | ||||||
|
|
|||||||
66,935,413 | ||||||||
Electric — 4.8% | ||||||||
American Electric Power Co. Inc., Series F, 2.95%, 12/15/22 (Call 12/01/22) |
9,649 | 9,621,211 | ||||||
DTE Energy Co. |
||||||||
2.25%, 11/01/22 |
22,554 | 22,554,000 | ||||||
Series H, 0.55%, 11/01/22 |
14,071 | 14,071,000 | ||||||
Edison International, 3.13%, 11/15/22 |
2,230 | 2,227,681 | ||||||
Niagara Mohawk Power Corp., 2.72%, 11/28/22(a)(c) |
10,700 | 10,681,596 | ||||||
Public Service Enterprise Group Inc., 2.65%, 11/15/22 (Call 11/14/22) |
4,556 | 4,551,307 | ||||||
|
|
|||||||
63,706,795 | ||||||||
Health Care - Products — 1.2% | ||||||||
DH Europe Finance II Sarl, 2.05%, 11/15/22 |
15,544 | 15,529,544 | ||||||
|
|
|||||||
Health Care - Services — 2.2% | ||||||||
CommonSpirit Health, 2.95%, 11/01/22 |
5,627 | 5,627,000 |
Security | Par/ Shares (000) |
Value | ||||||
Health Care - Services (continued) | ||||||||
Dignity Health, 3.13%, 11/01/22 |
$ | 80 | $ | 80,000 | ||||
Elevance Health Inc., 2.95%, 12/01/22 (Call 11/16/22) |
9,896 | 9,884,125 | ||||||
Humana Inc. |
||||||||
2.90%, 12/15/22 (Call 12/01/22) |
9,869 | 9,842,057 | ||||||
3.15%, 12/01/22 |
3,968 | 3,964,310 | ||||||
|
|
|||||||
29,397,492 | ||||||||
Insurance — 0.8% | ||||||||
Aon Corp., 2.20%, 11/15/22 |
6,007 | 6,000,933 | ||||||
Chubb INA Holdings Inc., 2.88%, 11/03/22 |
4,039 | 4,039,000 | ||||||
|
|
|||||||
10,039,933 | ||||||||
Internet — 1.5% | ||||||||
Amazon.com Inc., 2.50%, 11/29/22 |
12,935 | 12,917,150 | ||||||
Baidu Inc., 3.50%, 11/28/22 |
6,562 | 6,554,388 | ||||||
|
|
|||||||
19,471,538 | ||||||||
Machinery — 0.8% | ||||||||
Caterpillar Financial Services Corp. |
||||||||
1.95%, 11/18/22(a) |
6,342 | 6,335,214 | ||||||
2.55%, 11/29/22 |
4,668 | 4,661,745 | ||||||
|
|
|||||||
10,996,959 | ||||||||
Media — 0.8% | ||||||||
Comcast Cable Communications Holdings Inc., 9.46%, 11/15/22 |
5,874 | 5,883,986 | ||||||
TWDC Enterprises 18 Corp., 2.35%, 12/01/22 |
4,465 | 4,458,079 | ||||||
|
|
|||||||
10,342,065 | ||||||||
Mining — 0.1% | ||||||||
Southern Copper Corp., 3.50%, 11/08/22 |
1,154 | 1,148,622 | ||||||
|
|
|||||||
Oil & Gas — 0.8% | ||||||||
BP Capital Markets PLC, 2.50%, 11/06/22 |
9,032 | 9,029,562 | ||||||
ConocoPhillips Co., 2.40%, 12/15/22 (Call 12/01/22)(a) |
2,040 | 2,034,145 | ||||||
|
|
|||||||
11,063,707 | ||||||||
Pharmaceuticals — 9.0% | ||||||||
AbbVie Inc. |
||||||||
2.30%, 11/21/22 |
75,632 | 75,537,460 | ||||||
2.90%, 11/06/22 |
28,233 | 28,223,401 | ||||||
Cigna Corp., 3.05%, 11/30/22 (Call 11/16/22) |
14,058 | 14,041,693 | ||||||
McKesson Corp., 2.70%, 12/15/22 (Call 12/01/22)(a) |
2,726 | 2,718,721 | ||||||
|
|
|||||||
120,521,275 | ||||||||
Real Estate Investment Trusts — 0.3% | ||||||||
Camden Property Trust, 2.95%, 12/15/22 (Call 12/01/22)(a) |
3,300 | 3,290,331 | ||||||
|
|
|||||||
Retail — 1.1% | ||||||||
Walmart Inc., 2.35%, 12/15/22 (Call 12/01/22) |
15,205 | 15,169,268 | ||||||
|
|
|||||||
Semiconductors — 0.7% | ||||||||
Intel Corp., 2.70%, 12/15/22 |
9,830 | 9,812,306 | ||||||
|
|
|||||||
Software — 0.6% | ||||||||
Autodesk Inc., 3.60%, 12/15/22 (Call 12/01/22) |
3,895 | 3,892,469 | ||||||
Microsoft Corp., 2.13%, 11/15/22 |
4,215 | 4,211,965 | ||||||
|
|
|||||||
8,104,434 | ||||||||
|
|
|||||||
Total
Long-Term Investments — 42.7% |
569,029,569 | |||||||
|
|
|||||||
Short-Term Securities |
| |||||||
Money Market Funds — 58.4% |
| |||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(d)(e)(f) |
32,176 | 32,169,317 |
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) October 31, 2022 |
iShares® iBonds® Dec 2022 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Shares (000) |
Value | ||||||
Money Market Funds (continued) |
||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(d)(e) |
746,940 | $ | 746,940,000 | |||||
|
|
|||||||
Total
Short-Term Securities — 58.4% |
779,109,317 | |||||||
|
|
|||||||
Total
Investments — 101.1% |
1,348,138,886 | |||||||
Liabilities in Excess of Other Assets — (1.1)% |
|
(14,606,349 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 1,333,532,537 | ||||||
|
|
(a) |
All or a portion of this security is on loan. |
(b) |
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. |
(c) |
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. |
(d) |
Affiliate of the Fund. |
(e) |
Annualized 7-day yield as of period end. |
(f) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 131,115,315 | $ | — | $ | (98,890,477 | )(a) | $ | (40,150 | ) | $ | (15,371 | ) | $ | 32,169,317 | 32,176 | $ | 354,864 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
41,436,000 | 705,504,000 | (a) | — | — | — | 746,940,000 | 746,940 | 2,884,676 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (40,150 | ) | $ | (15,371 | ) | $ | 779,109,317 | $ | 3,239,540 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 569,029,569 | $ | — | $ | 569,029,569 | ||||||||
Money Market Funds |
779,109,317 | — | — | 779,109,317 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 779,109,317 | $ | 569,029,569 | $ | — | $ | 1,348,138,886 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
28 |
2 0 2 2 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 October 31, 2022 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Aerospace & Defense — 2.0% |
||||||||
Boeing
Co. (The) |
$ | 4,662 | $ | 4,607,501 | ||||
1.88%, 06/15/23 (Call 04/15/23)(a) |
1,485 | 1,451,929 | ||||||
2.80%, 03/01/23 (Call 02/01/23)(a) |
1,437 | 1,424,254 | ||||||
4.51%, 05/01/23 (Call 04/01/23)(a) |
12,622 | 12,597,639 | ||||||
General
Dynamics Corp. |
2,954 | 2,883,458 | ||||||
3.38%, 05/15/23 (Call 04/15/23)(a) |
3,668 | 3,636,529 | ||||||
L3Harris Technologies Inc., 3.85%, 06/15/23 (Call 05/15/23) |
3,648 | 3,613,490 | ||||||
Northrop Grumman Corp., 3.25%, 08/01/23(a) |
4,997 | 4,928,491 | ||||||
Raytheon Technologies Corp., 3.70%, 12/15/23 (Call 09/15/23) |
4,112 | 4,058,750 | ||||||
Teledyne Technologies Inc., 0.65%, 04/01/23(a) |
662 | 648,449 | ||||||
|
|
|||||||
39,850,490 | ||||||||
Agriculture — 0.7% | ||||||||
Philip
Morris International Inc. |
3,132 | 3,071,333 | ||||||
2.13%, 05/10/23 (Call 03/10/23)(a) |
2,259 | 2,227,171 | ||||||
2.63%, 03/06/23(a) |
2,467 | 2,447,856 | ||||||
3.60%, 11/15/23(a) |
3,798 | 3,742,587 | ||||||
Reynolds American Inc., 4.85%, 09/15/23(a) |
3,193 | 3,178,887 | ||||||
|
|
|||||||
14,667,834 | ||||||||
Apparel — 0.1% | ||||||||
NIKE
Inc., 2.25%, 05/01/23 |
2,313 | 2,285,707 | ||||||
|
|
|||||||
Auto Manufacturers — 5.7% | ||||||||
American
Honda Finance Corp. |
570 | 557,705 | ||||||
0.65%, 09/08/23(a) |
6,889 | 6,622,671 | ||||||
0.88%, 07/07/23(a) |
5,239 | 5,086,388 | ||||||
1.95%, 05/10/23(a) |
1,651 | 1,626,549 | ||||||
2.05%, 01/10/23 |
2,372 | 2,360,970 | ||||||
3.45%, 07/14/23 |
2,328 | 2,302,322 | ||||||
3.63%, 10/10/23(a) |
7,751 | 7,648,222 | ||||||
Cummins Inc., 3.65%, 10/01/23 (Call 07/01/23)(a) |
4,136 | 4,084,755 | ||||||
General
Motors Co. |
10,706 | 10,607,398 | ||||||
5.40%, 10/02/23(a) |
4,460 | 4,442,517 | ||||||
General
Motors Financial Co. Inc. |
6,988 | 6,764,733 | ||||||
3.25%, 01/05/23 (Call 12/05/22)(a) |
3,065 | 3,056,724 | ||||||
3.70%, 05/09/23 (Call 03/09/23) |
4,800 | 4,753,344 | ||||||
4.15%, 06/19/23 (Call 05/19/23)(a) |
3,625 | 3,594,151 | ||||||
4.25%, 05/15/23(a) |
2,911 | 2,892,457 | ||||||
PACCAR
Financial Corp. |
2,474 | 2,390,824 | ||||||
0.80%, 06/08/23(a) |
1,010 | 985,134 | ||||||
1.90%, 02/07/23(a) |
1,140 | 1,132,373 | ||||||
2.65%, 04/06/23 |
856 | 848,767 | ||||||
3.40%, 08/09/23(a) |
1,683 | 1,666,204 | ||||||
Stellantis NV, 5.25%, 04/15/23 |
6,457 | 6,431,366 | ||||||
Toyota Motor Corp., 3.42%, 07/20/23(a) |
2,788 | 2,759,535 | ||||||
Toyota
Motor Credit Corp. |
1,395 | 1,369,025 | ||||||
0.50%, 08/14/23(a) |
6,425 | 6,218,693 | ||||||
1.35%, 08/25/23(a) |
2,881 | 2,797,768 | ||||||
2.25%, 10/18/23 |
5,068 | 4,932,026 | ||||||
2.63%, 01/10/23(a) |
2,232 | 2,223,161 |
Security | Par (000) |
Value | ||||||
Auto Manufacturers (continued) |
||||||||
2.70%, 01/11/23 |
$ | 1,937 | $ | 1,929,717 | ||||
2.90%, 03/30/23(a) |
5,419 | 5,379,550 | ||||||
3.45%, 09/20/23(a) |
4,997 | 4,926,342 | ||||||
|
|
|||||||
112,391,391 | ||||||||
Banks — 26.6% | ||||||||
Banco Bilbao Vizcaya Argentaria SA, 0.88%, 09/18/23 |
7,067 | 6,780,574 | ||||||
Banco
Santander SA |
4,093 | 4,068,688 | ||||||
3.85%, 04/12/23 |
5,652 | 5,599,493 | ||||||
Bank
of America Corp. |
14,485 | 14,450,960 | ||||||
4.10%, 07/24/23(a) |
10,520 | 10,459,931 | ||||||
Bank
of Montreal |
8,045 | 7,709,926 | ||||||
0.45%, 12/08/23(a) |
6,095 | 5,792,200 | ||||||
Bank
of New York Mellon Corp. (The) |
5,564 | 5,302,993 | ||||||
1.85%, 01/27/23 (Call 01/02/23)(a) |
1,677 | 1,666,418 | ||||||
2.20%, 08/16/23 (Call 06/16/23) |
5,860 | 5,746,375 | ||||||
2.95%, 01/29/23 (Call 12/29/22)(a) |
3,478 | 3,460,540 | ||||||
3.45%, 08/11/23(a) |
3,593 | 3,555,130 | ||||||
3.50%, 04/28/23 |
2,447 | 2,430,581 | ||||||
Bank
of Nova Scotia (The) |
7,040 | 6,757,766 | ||||||
0.55%, 09/15/23 |
3,977 | 3,818,357 | ||||||
0.80%, 06/15/23(a) |
513 | 499,031 | ||||||
1.63%, 05/01/23 |
5,039 | 4,961,399 | ||||||
1.95%, 02/01/23(a) |
3,419 | 3,395,956 | ||||||
2.38%, 01/18/23(a) |
2,003 | 1,993,666 | ||||||
BNP Paribas SA, 3.25%, 03/03/23(a) |
4,688 | 4,662,638 | ||||||
Canadian
Imperial Bank of Commerce |
180 | 174,697 | ||||||
0.50%, 12/14/23(a) |
5,896 | 5,594,420 | ||||||
0.95%, 06/23/23(a) |
9,753 | 9,475,820 | ||||||
3.50%, 09/13/23(a) |
6,045 | 5,964,360 | ||||||
Citigroup
Inc. |
1,458 | 1,449,864 | ||||||
3.50%, 05/15/23(a) |
4,751 | 4,710,712 | ||||||
3.88%, 10/25/23(a) |
6,856 | 6,769,683 | ||||||
Citizens Bank NA/Providence RI, 3.70%, 03/29/23 (Call 02/28/23) |
1,595 | 1,586,084 | ||||||
Comerica Inc., 3.70%, 07/31/23(a) |
4,244 | 4,191,671 | ||||||
Cooperatieve Rabobank UA, 4.63%, 12/01/23(a) |
4,283 | 4,234,088 | ||||||
Cooperatieve Rabobank UA/NY, 2.75%, 01/10/23(a) |
3,832 | 3,817,822 | ||||||
Credit
Suisse AG/New York NY |
7,285 | 6,893,723 | ||||||
1.00%, 05/05/23 |
11,828 | 11,465,708 | ||||||
Credit Suisse Group AG, 3.80%, 06/09/23 |
10,116 | 9,848,331 | ||||||
Deutsche Bank AG/New York NY |
||||||||
3.95%, 02/27/23(a) |
4,095 | 4,072,805 | ||||||
Series E, 0.96%, 11/08/23 |
10,180 | 9,709,888 | ||||||
Discover
Bank |
2,967 | 2,952,907 | ||||||
4.20%, 08/08/23(a) |
5,001 | 4,946,639 | ||||||
Fifth Third Bancorp., 1.63%, 05/05/23 (Call 04/05/23) |
1,772 | 1,740,317 | ||||||
Fifth Third Bank NA, 1.80%, 01/30/23 (Call 12/30/22) |
2,425 | 2,407,661 | ||||||
First Horizon Corp., 3.55%, 05/26/23 (Call 04/26/23)(a) |
2,238 | 2,213,382 | ||||||
FNB
Corp./PA, 2.20%, 02/24/23 |
850 | 839,885 | ||||||
Goldman
Sachs Group Inc. (The) |
2,545 | 2,502,982 |
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) October 31, 2022 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Banks (continued) |
||||||||
1.22%, 12/06/23 (Call 12/06/22) |
$ | 11,622 | $ | 11,120,278 | ||||
3.20%, 02/23/23 (Call 01/23/23)(a) |
6,203 | 6,168,077 | ||||||
3.63%, 01/22/23(a) |
7,813 | 7,797,921 | ||||||
HSBC Holdings PLC, 3.60%, 05/25/23(a) |
8,214 | 8,141,799 | ||||||
Huntington National Bank (The), 3.55%, 10/06/23 (Call 09/06/23)(a) |
5,773 | 5,684,096 | ||||||
ING Groep NV, 4.10%, 10/02/23 |
8,882 | 8,758,718 | ||||||
JPMorgan
Chase & Co. |
7,358 | 7,275,296 | ||||||
3.20%, 01/25/23(a) |
9,716 | 9,686,658 | ||||||
3.38%, 05/01/23(a) |
7,968 | 7,909,435 | ||||||
KeyBank
NA/Cleveland OH |
2,678 | 2,642,222 | ||||||
3.38%, 03/07/23(a) |
1,786 | 1,778,302 | ||||||
Lloyds Banking Group PLC, 4.05%, 08/16/23(a) |
10,478 | 10,354,883 | ||||||
M&T Bank Corp., 3.55%, 07/26/23 (Call 06/26/23)(a) |
2,932 | 2,898,780 | ||||||
Mitsubishi
UFJ Financial Group Inc. |
4,374 | 4,270,292 | ||||||
3.46%, 03/02/23(a) |
5,419 | 5,394,398 | ||||||
3.76%, 07/26/23(a) |
9,716 | 9,597,951 | ||||||
Mizuho Financial Group Inc., 3.55%, 03/05/23(a) |
3,621 | 3,604,271 | ||||||
Morgan
Stanley |
9,222 | 9,190,737 | ||||||
3.75%, 02/25/23(a) |
8,790 | 8,766,443 | ||||||
4.10%, 05/22/23(a) |
9,038 | 8,993,352 | ||||||
National
Australia Bank Ltd./New York |
1,998 | 1,979,159 | ||||||
3.00%, 01/20/23(a) |
2,711 | 2,700,400 | ||||||
3.63%, 06/20/23(a) |
3,651 | 3,622,705 | ||||||
National Bank of Canada, 2.10%, 02/01/23 |
3,951 | 3,922,829 | ||||||
NatWest Group PLC, 3.88%, 09/12/23(a) |
450 | 443,322 | ||||||
PNC
Bank NA |
2,487 | 2,477,176 | ||||||
3.50%, 06/08/23 |
3,350 | 3,328,560 | ||||||
3.80%, 07/25/23 (Call 06/25/23) |
3,693 | 3,656,402 | ||||||
Royal
Bank of Canada |
7,521 | 7,174,733 | ||||||
1.60%, 04/17/23 |
4,699 | 4,625,602 | ||||||
1.95%, 01/17/23(a) |
3,380 | 3,361,714 | ||||||
3.70%, 10/05/23(a) |
9,588 | 9,451,563 | ||||||
Santander Holdings USA Inc., 3.40%, 01/18/23 (Call 12/18/22)(a) |
3,680 | 3,670,358 | ||||||
Santander UK PLC, 2.10%, 01/13/23(a) |
1,887 | 1,874,621 | ||||||
State
Street Corp. |
4,130 | 4,090,765 | ||||||
3.70%, 11/20/23 |
7,479 | 7,386,485 | ||||||
Sumitomo
Mitsui Banking Corp. |
1,790 | 1,783,986 | ||||||
3.95%, 07/19/23(a) |
2,265 | 2,244,411 | ||||||
Sumitomo
Mitsui Financial Group Inc. |
5,582 | 5,562,742 | ||||||
3.75%, 07/19/23(a) |
3,624 | 3,582,686 | ||||||
3.94%, 10/16/23 |
7,329 | 7,226,321 | ||||||
Svenska Handelsbanken AB, 3.90%, 11/20/23 |
8,558 | 8,420,045 | ||||||
Toronto-Dominion
Bank (The) |
4,339 | 4,306,978 | ||||||
0.30%, 06/02/23 |
3,665 | 3,561,574 | ||||||
0.45%, 09/11/23(a) |
6,809 | 6,526,290 | ||||||
0.75%, 06/12/23 |
7,185 | 6,988,562 | ||||||
3.50%, 07/19/23(a) |
7,023 | 6,949,469 |
Security | Par (000) |
Value | ||||||
Banks (continued) |
||||||||
Truist
Bank |
$ | 4,036 | $ | 3,981,474 | ||||
2.75%, 05/01/23 (Call 04/01/23)(a) |
1,814 | 1,796,078 | ||||||
3.00%, 02/02/23 (Call 01/02/23)(a) |
2,144 | 2,134,288 | ||||||
Truist
Financial Corp. |
2,992 | 2,963,756 | ||||||
3.75%, 12/06/23 (Call 11/06/23)(a) |
9,117 | 8,991,550 | ||||||
U.S.
Bank NA/Cincinnati OH |
2,505 | 2,492,450 | ||||||
2.85%, 01/23/23 (Call 12/23/22)(a) |
2,532 | 2,520,125 | ||||||
3.40%, 07/24/23 (Call 06/23/23)(a) |
6,618 | 6,538,650 | ||||||
Wells
Fargo & Co. |
7,724 | 7,669,237 | ||||||
Series M, 3.45%, 02/13/23(a) |
3,810 | 3,795,141 | ||||||
Westpac
Banking Corp. |
2,326 | 2,314,649 | ||||||
2.75%, 01/11/23(a) |
4,458 | 4,442,843 | ||||||
3.65%, 05/15/23(a) |
4,047 | 4,024,013 | ||||||
|
|
|||||||
525,293,692 | ||||||||
Beverages — 1.3% | ||||||||
Diageo
Capital PLC |
5,234 | 5,171,506 | ||||||
3.50%, 09/18/23 (Call 08/18/23) |
3,217 | 3,171,672 | ||||||
Fomento Economico Mexicano SAB de CV, 2.88%, 05/10/23(a) |
875 | 859,635 | ||||||
Keurig Dr Pepper Inc., 3.13%, 12/15/23 (Call 10/15/23)(a) |
5,926 | 5,806,235 | ||||||
PepsiCo
Inc. |
4,081 | 3,913,312 | ||||||
0.75%, 05/01/23(a) |
1,384 | 1,357,635 | ||||||
2.75%, 03/01/23(a) |
4,733 | 4,701,999 | ||||||
|
|
|||||||
24,981,994 | ||||||||
Biotechnology — 1.1% | ||||||||
Amgen
Inc., 2.25%, 08/19/23 |
3,746 | 3,664,150 | ||||||
Gilead
Sciences Inc. |
6,840 | 6,582,474 | ||||||
2.50%, 09/01/23 (Call 07/01/23)(a) |
4,690 | 4,587,617 | ||||||
Illumina Inc., 0.55%, 03/23/23 |
2,098 | 2,059,145 | ||||||
Royalty Pharma PLC, 0.75%, 09/02/23(a) |
5,672 | 5,451,076 | ||||||
|
|
|||||||
22,344,462 | ||||||||
Building Materials — 0.9% | ||||||||
Fortune Brands Home & Security Inc., 4.00%, 09/21/23 (Call 08/21/23)(a) |
10,880 | 10,736,275 | ||||||
Lennox International Inc., 3.00%, 11/15/23 (Call 09/15/23) |
3,217 | 3,138,924 | ||||||
Martin Marietta Materials Inc., 0.65%, 07/15/23 (Call 12/01/22)(a) |
2,798 | 2,706,953 | ||||||
Mohawk Industries Inc., 3.85%, 02/01/23 (Call 11/01/22)(a) |
710 | 710,000 | ||||||
|
|
|||||||
17,292,152 | ||||||||
Chemicals — 1.9% | ||||||||
Air Products and Chemicals Inc., 2.75%, 02/03/23(a) |
1,009 | 1,003,198 | ||||||
DuPont de Nemours Inc., 4.21%, 11/15/23 (Call 10/15/23) |
15,124 | 14,962,778 | ||||||
Ecolab Inc., 0.90%, 12/15/23 (Call 12/15/22)(a) |
4,375 | 4,181,756 | ||||||
International Flavors & Fragrances Inc., 3.20%, 05/01/23 (Call 02/01/23)(a) |
590 | 583,493 | ||||||
Linde
Inc./CT, 2.70%, 02/21/23 |
1,771 | 1,761,171 | ||||||
LYB International Finance BV, 4.00%, 07/15/23(a) |
2,430 | 2,402,128 | ||||||
Mosaic Co. (The), 4.25%, 11/15/23 (Call 08/15/23) |
7,345 | 7,267,510 | ||||||
Nutrien Ltd., 1.90%, 05/13/23(a) |
3,098 | 3,042,918 | ||||||
PPG Industries Inc., 3.20%, 03/15/23 (Call 02/15/23)(a) |
1,248 | 1,235,308 | ||||||
|
|
|||||||
36,440,260 |
30 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Commercial Services — 0.5% |
||||||||
Equifax Inc., 3.95%, 06/15/23 (Call 05/15/23)(a) |
$ | 1,486 | $ | 1,472,567 | ||||
Global
Payments Inc. |
2,721 | 2,693,491 | ||||||
4.00%, 06/01/23 (Call 05/01/23)(a) |
3,066 | 3,040,062 | ||||||
PayPal Holdings Inc., 1.35%, 06/01/23(a) |
60 | 58,715 | ||||||
RELX Capital Inc., 3.50%, 03/16/23 (Call 02/16/23)(a) |
3,257 | 3,236,513 | ||||||
|
|
|||||||
10,501,348 | ||||||||
Computers — 3.3% | ||||||||
Apple
Inc. |
6,925 | 6,789,409 | ||||||
2.40%, 01/13/23 (Call 12/13/22)(a) |
2,483 | 2,473,316 | ||||||
2.40%, 05/03/23(a) |
21,300 | 21,062,292 | ||||||
2.85%, 02/23/23 (Call 12/23/22)(a) |
7,255 | 7,219,813 | ||||||
Dell International LLC/EMC Corp., 5.45%, 06/15/23 (Call 04/15/23) |
4,312 | 4,305,187 | ||||||
Hewlett
Packard Enterprise Co. |
4,276 | 4,226,398 | ||||||
4.45%, 10/02/23 (Call 09/02/23)(a) |
8,983 | 8,914,999 | ||||||
International Business Machines Corp., 3.38%, 08/01/23(a) |
7,235 | 7,149,410 | ||||||
Leidos
Inc., 2.95%, 05/15/23 |
2,634 | 2,603,103 | ||||||
|
|
|||||||
64,743,927 | ||||||||
Cosmetics & Personal Care — 0.6% | ||||||||
Colgate-Palmolive
Co. |
1,527 | 1,516,907 | ||||||
2.10%, 05/01/23(a) |
575 | 567,836 | ||||||
Procter & Gamble Co. (The), 3.10%, 08/15/23(a) |
4,805 | 4,743,784 | ||||||
Unilever
Capital Corp. |
2,858 | 2,750,253 | ||||||
3.13%, 03/22/23 (Call 02/22/23)(a) |
1,949 | 1,935,786 | ||||||
|
|
|||||||
11,514,566 | ||||||||
Diversified Financial Services — 5.2% | ||||||||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust |
8,665 | 8,213,207 | ||||||
3.30%, 01/23/23 (Call 12/23/22) |
2,051 | 2,039,720 | ||||||
4.13%, 07/03/23 (Call 06/03/23)(a) |
2,765 | 2,730,244 | ||||||
4.50%, 09/15/23 (Call 08/15/23) |
6,174 | 6,064,226 | ||||||
Air
Lease Corp. |
2,394 | 2,377,457 | ||||||
2.75%, 01/15/23 (Call 12/15/22)(a) |
1,854 | 1,843,673 | ||||||
3.00%, 09/15/23 (Call 07/15/23)(a) |
4,692 | 4,581,738 | ||||||
3.88%, 07/03/23 (Call 06/03/23)(a) |
3,061 | 3,023,962 | ||||||
Aircastle
Ltd. |
3,336 | 3,266,578 | ||||||
5.00%, 04/01/23(a) |
2,647 | 2,628,762 | ||||||
Ally
Financial Inc. |
7,745 | 7,429,701 | ||||||
3.05%, 06/05/23 (Call 05/05/23)(a) |
3,381 | 3,327,918 | ||||||
American
Express Co. |
6,345 | 6,076,035 | ||||||
3.40%, 02/27/23 (Call 01/27/23)(a) |
5,778 | 5,750,612 | ||||||
3.70%, 08/03/23 (Call 07/03/23)(a) |
8,647 | 8,567,102 | ||||||
Ameriprise Financial Inc., 4.00%, 10/15/23(a) |
4,296 | 4,250,076 | ||||||
BGC Partners Inc., 5.38%, 07/24/23 |
3,380 | 3,349,546 | ||||||
Capital
One Financial Corp. |
4,210 | 4,154,218 | ||||||
3.20%, 01/30/23 (Call 12/30/22)(a) |
4,519 | 4,501,918 | ||||||
3.50%, 06/15/23(a) |
4,295 | 4,250,332 | ||||||
Capital One NA, 3.38%, 02/15/23 |
5,665 | 5,639,054 |
Security | Par (000) |
Value | ||||||
Diversified Financial Services (continued) |
| |||||||
Charles Schwab Corp. (The), 2.65%, 01/25/23 (Call 12/25/22)(a) |
$ | 3,223 | $ | 3,208,754 | ||||
Eaton Vance Corp., 3.63%, 06/15/23(a) |
1,285 | 1,273,975 | ||||||
Jefferies Financial Group Inc., 5.50%, 10/18/23 (Call 01/18/23)(a) |
2,730 | 2,723,776 | ||||||
Western Union Co. (The), 4.25%, 06/09/23 (Call 05/09/23)(a) |
2,158 | 2,142,355 | ||||||
|
|
|||||||
103,414,939 | ||||||||
Electric — 7.1% | ||||||||
Alabama Power Co., Series 13-A, 3.55%, 12/01/23(a) |
2,401 | 2,357,878 | ||||||
American Electric Power Co. Inc., Series M, 0.75%, 11/01/23 (Call 12/01/22)(a) |
4,173 | 3,985,716 | ||||||
Baltimore Gas & Electric Co., 3.35%, 07/01/23 (Call 04/01/23)(a) |
1,450 | 1,434,905 | ||||||
Berkshire
Hathaway Energy Co. |
1,418 | 1,411,506 | ||||||
3.75%, 11/15/23 (Call 08/15/23) |
4,219 | 4,168,034 | ||||||
Black Hills Corp., 4.25%, 11/30/23 (Call 08/30/23)(a) |
4,189 | 4,148,869 | ||||||
Connecticut Light & Power Co. (The), 2.50%, 01/15/23 (Call 12/01/22)(a) |
1,327 | 1,320,790 | ||||||
Consolidated Edison Inc., Series A, 0.65%, 12/01/23 (Call 12/01/22)(a) |
4,766 | 4,549,338 | ||||||
Consumers
Energy Co. |
1,115 | 1,084,795 | ||||||
3.38%, 08/15/23 (Call 05/15/23)(a) |
1,400 | 1,381,688 | ||||||
Delmarva Power & Light Co., 3.50%, 11/15/23 (Call 08/15/23)(a) |
4,597 | 4,520,322 | ||||||
Duke
Energy Carolinas LLC |
1,321 | 1,309,164 | ||||||
3.05%, 03/15/23 (Call 02/15/23) |
1,146 | 1,138,379 | ||||||
Duke Energy Corp., 3.95%, 10/15/23 (Call 07/15/23)(a) |
4,087 | 4,039,550 | ||||||
Duke Energy Ohio Inc., 3.80%, 09/01/23 (Call 06/01/23)(a) |
1,305 | 1,292,537 | ||||||
Duke Energy Progress LLC, 3.38%, 09/01/23 (Call 08/01/23)(a) |
4,546 | 4,477,083 | ||||||
Edison International, 2.95%, 03/15/23 (Call 01/15/23)(a) |
1,464 | 1,450,136 | ||||||
Entergy
Louisiana LLC |
4,664 | 4,441,667 | ||||||
4.05%, 09/01/23 (Call 06/01/23)(a) |
1,573 | 1,560,070 | ||||||
Evergy Metro Inc., 3.15%, 03/15/23 (Call 12/15/22)(a) |
1,004 | 995,586 | ||||||
Eversource
Energy |
2,151 | 2,125,252 | ||||||
Series N, 3.80%, 12/01/23 (Call 11/01/23)(a) |
3,872 | 3,808,654 | ||||||
Florida Power & Light Co., 2.75%, 06/01/23 (Call 12/01/22)(a) |
2,082 | 2,056,266 | ||||||
Georgia Power Co., Series A, 2.10%, 07/30/23(a) |
2,515 | 2,459,368 | ||||||
National
Rural Utilities Cooperative Finance Corp. |
1,528 | 1,517,503 | ||||||
3.40%, 11/15/23 (Call 08/15/23)(a) |
3,629 | 3,565,166 | ||||||
NextEra Energy Capital Holdings Inc., 0.65%, 03/01/23 |
4,473 | 4,412,257 | ||||||
Northern States Power Co./MN, 2.60%, 05/15/23(a) |
1,372 | 1,355,152 | ||||||
OGE Energy Corp., 0.70%, 05/26/23 (Call 12/01/22)(a) |
1,445 | 1,407,936 | ||||||
Oklahoma Gas & Electric Co., 0.55%, 05/26/23 (Call 12/01/22)(a) |
865 | 842,813 | ||||||
Pacific
Gas and Electric Co. |
5,325 | 5,088,517 | ||||||
3.25%, 06/15/23 (Call 03/15/23)(a) |
1,377 | 1,353,908 | ||||||
3.85%, 11/15/23 (Call 08/15/23) |
2,640 | 2,578,699 | ||||||
4.25%, 08/01/23 (Call 07/01/23)(a) |
2,303 | 2,279,717 | ||||||
PacifiCorp, 2.95%, 06/01/23 (Call 03/01/23)(a) |
897 | 885,617 | ||||||
Public Service Co. of New Hampshire, 3.50%, 11/01/23 (Call 08/01/23) |
2,506 | 2,473,748 |
S C H E D U L E O F I N V E S T M E N T S |
31 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Electric (continued) |
||||||||
Public
Service Electric & Gas Co. |
$ | 1,364 | $ | 1,343,622 | ||||
3.25%, 09/01/23 (Call 08/01/23)(a) |
2,052 | 2,021,692 | ||||||
Public Service Enterprise Group Inc., 0.84%, 11/08/23 (Call 12/01/22) |
5,183 | 4,939,295 | ||||||
San Diego Gas & Electric Co., Series NNN, 3.60%, 09/01/23 (Call 06/01/23)(a) |
2,155 | 2,126,252 | ||||||
Southern
California Edison Co. |
1,220 | 1,197,686 | ||||||
Series
C, 3.50%, 10/01/23 |
2,803 | 2,752,770 | ||||||
Series
D, 3.40%, 06/01/23 |
861 | 850,849 | ||||||
Series J, 0.70%, 08/01/23 |
20,675 | 19,981,354 | ||||||
Southern Co. (The), 2.95%, 07/01/23 (Call 05/01/23)(a) |
5,746 | 5,651,536 | ||||||
Virginia Electric & Power Co., Series C, 2.75%, 03/15/23 (Call 12/15/22) |
2,708 | 2,684,738 | ||||||
WEC Energy Group Inc., 0.55%, 09/15/23(a) |
4,378 | 4,201,348 | ||||||
Xcel Energy Inc., 0.50%, 10/15/23 (Call 09/15/23)(a) |
3,911 | 3,734,418 | ||||||
|
|
|||||||
140,764,146 | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Emerson Electric Co., 2.63%, 02/15/23 (Call 12/01/22)(a) |
1,343 | 1,334,230 | ||||||
|
|
|||||||
Electronics — 0.4% |
||||||||
Arrow Electronics Inc., 4.50%, 03/01/23 (Call 12/01/22)(a) |
1,245 | 1,240,941 | ||||||
Flex Ltd., 5.00%, 02/15/23 |
1,918 | 1,915,641 | ||||||
Honeywell International Inc., 3.35%, 12/01/23(a) |
2,694 | 2,655,692 | ||||||
Trimble
Inc., 4.15%, 06/15/23 |
2,114 | 2,093,642 | ||||||
|
|
|||||||
7,905,916 | ||||||||
Environmental Control — 0.3% | ||||||||
Republic Services Inc., 4.75%, 05/15/23 (Call 02/15/23)(a) |
1,756 | 1,753,155 | ||||||
Waste Management Inc., 2.40%, 05/15/23 (Call 03/15/23)(a) |
3,086 | 3,043,475 | ||||||
|
|
|||||||
4,796,630 | ||||||||
Food — 1.0% | ||||||||
Campbell Soup Co., 3.65%, 03/15/23 (Call 02/15/23)(a) |
2,957 | 2,942,333 | ||||||
Conagra
Brands Inc. |
2,905 | 2,796,586 | ||||||
3.20%, 01/25/23 (Call 12/01/22)(a) |
1,643 | 1,635,853 | ||||||
Hershey Co. (The), 3.38%, 05/15/23 (Call 04/15/23)(a) |
2,405 | 2,386,818 | ||||||
Kellogg Co., 2.65%, 12/01/23(a) |
4,744 | 4,647,412 | ||||||
Kroger
Co. (The), 3.85%, 08/01/23 |
3,062 | 3,036,249 | ||||||
Tyson Foods Inc., 3.90%, 09/28/23 (Call 08/28/23)(a) |
2,727 | 2,700,330 | ||||||
|
|
|||||||
20,145,581 | ||||||||
Gas — 0.5% | ||||||||
Atmos Energy Corp., 0.63%, 03/09/23 (Call 11/16/22)(a) |
680 | 670,201 | ||||||
CenterPoint Energy Resources Corp., 0.70%, 03/02/23 (Call 12/01/22)(a) |
444 | 437,495 | ||||||
Eastern Energy Gas Holdings LLC, 3.55%, 11/01/23 (Call 08/01/23)(a) |
3,731 | 3,671,976 | ||||||
National Fuel Gas Co., 3.75%, 03/01/23 (Call 12/01/22)(a) |
1,774 | 1,761,316 | ||||||
Southern Co. Gas Capital Corp., 2.45%, 10/01/23 (Call 08/01/23)(a) |
2,755 | 2,682,736 | ||||||
|
|
|||||||
9,223,724 | ||||||||
Health Care - Products — 1.5% | ||||||||
Abbott Laboratories, 3.40%, 11/30/23 (Call 09/30/23)(a) |
7,258 | 7,158,783 | ||||||
Baxter International Inc., 0.87%, 12/01/23 |
6,540 | 6,244,326 | ||||||
PerkinElmer Inc., 0.55%, 09/15/23 (Call 12/01/22)(a) |
3,035 | 2,916,878 | ||||||
Stryker Corp., 0.60%, 12/01/23 (Call 11/14/22)(a) |
5,822 | 5,549,938 | ||||||
Thermo Fisher Scientific Inc., 0.80%, 10/18/23 (Call 12/01/22)(a) |
7,963 | 7,643,206 | ||||||
|
|
|||||||
29,513,131 |
Security | Par (000) |
Value | ||||||
Health Care - Services — 1.6% |
||||||||
Aetna
Inc., 2.80%, 06/15/23 |
$ | 5,868 | $ | 5,782,738 | ||||
Anthem Inc., 0.45%, 03/15/23 |
1,895 | 1,863,789 | ||||||
Elevance Health Inc., 3.30%, 01/15/23(a) |
3,856 | 3,843,815 | ||||||
Humana Inc., 0.65%, 08/03/23 (Call 11/08/22) |
7,068 | 6,831,010 | ||||||
Laboratory Corp. of America Holdings, 4.00%, 11/01/23 (Call 08/01/23)(a) |
2,957 | 2,920,629 | ||||||
SSM Health Care Corp., Series 2018, 3.69%, 06/01/23 (Call 03/01/23) |
2,336 | 2,318,457 | ||||||
UnitedHealth
Group Inc. |
2,068 | 2,056,274 | ||||||
2.88%, 03/15/23(a) |
2,405 | 2,389,007 | ||||||
3.50%, 06/15/23(a) |
3,214 | 3,189,767 | ||||||
|
|
|||||||
31,195,486 | ||||||||
Holding Companies - Diversified — 0.2% | ||||||||
Ares Capital Corp., 3.50%, 02/10/23 (Call 01/10/23)(a) |
2,762 | 2,746,616 | ||||||
Blackstone Secured Lending Fund, 3.65%, 07/14/23(a) |
1,895 | 1,868,735 | ||||||
|
|
|||||||
4,615,351 | ||||||||
Home Builders — 0.5% | ||||||||
DR
Horton Inc. |
1,407 | 1,406,128 | ||||||
5.75%, 08/15/23 (Call 05/15/23)(a) |
3,167 | 3,174,062 | ||||||
Lennar Corp., 4.88%, 12/15/23 (Call 09/15/23) |
4,048 | 4,016,547 | ||||||
Toll Brothers Finance Corp., 4.38%, 04/15/23 (Call 01/15/23) |
1,868 | 1,855,204 | ||||||
|
|
|||||||
10,451,941 | ||||||||
Household Products & Wares — 0.1% | ||||||||
Kimberly-Clark Corp., 2.40%, 06/01/23(a) |
1,289 | 1,270,567 | ||||||
|
|
|||||||
Insurance — 2.0% |
||||||||
Allstate Corp. (The), 3.15%, 06/15/23(a) |
2,214 | 2,188,783 | ||||||
Aon PLC, 4.00%, 11/27/23 (Call 08/27/23)(a) |
4,002 | 3,952,175 | ||||||
Aspen Insurance Holdings Ltd., 4.65%, 11/15/23(a) |
1,066 | 1,052,014 | ||||||
Berkshire Hathaway Inc. |
||||||||
2.75%, 03/15/23 (Call 01/15/23)(a) |
7,687 | 7,628,886 | ||||||
3.00%, 02/11/23 |
1,838 | 1,829,766 | ||||||
Chubb INA Holdings Inc., 2.70%, 03/13/23(a) |
735 | 729,414 | ||||||
Equitable Holdings Inc., 3.90%, 04/20/23 (Call 03/20/23)(a) |
2,428 | 2,415,302 | ||||||
Jackson Financial Inc., 1.13%, 11/22/23(a) |
4,008 | 3,827,880 | ||||||
Lincoln National Corp., 4.00%, 09/01/23(a) |
3,000 | 2,977,470 | ||||||
Loews Corp., 2.63%, 05/15/23 (Call 02/15/23)(a) |
2,875 | 2,837,654 | ||||||
Marsh & McLennan Companies Inc., 3.30%, 03/14/23 (Call 11/23/22)(a) |
1,877 | 1,877,000 | ||||||
MetLife Inc., Series D, 4.37%, 09/15/23(a) |
4,802 | 4,773,956 | ||||||
Principal Financial Group Inc., 3.13%, 05/15/23(a) |
1,472 | 1,456,338 | ||||||
Reinsurance Group of America Inc., 4.70%, 09/15/23(a) |
2,313 | 2,308,073 | ||||||
|
|
|||||||
39,854,711 | ||||||||
Internet — 1.1% | ||||||||
Alibaba Group Holding Ltd., 2.80%, 06/06/23 (Call 05/06/23)(a) |
3,048 | 2,997,952 | ||||||
Amazon.com
Inc. |
1,165 | 1,138,077 | ||||||
0.40%, 06/03/23(a) |
3,344 | 3,257,925 | ||||||
2.40%, 02/22/23 (Call 01/22/23)(a) |
3,650 | 3,627,261 | ||||||
Baidu
Inc., 3.88%, 09/29/23 |
4,925 | 4,846,003 | ||||||
Booking Holdings Inc., 2.75%, 03/15/23 (Call 02/15/23)(a) |
2,779 | 2,756,740 | ||||||
eBay Inc., 2.75%, 01/30/23 (Call 12/30/22) |
3,306 | 3,287,156 | ||||||
|
|
|||||||
21,911,114 |
32 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Iron & Steel — 0.1% |
||||||||
Reliance Steel & Aluminum Co., 4.50%, 04/15/23 (Call 01/15/23)(a) |
$ | 1,931 | $ | 1,921,963 | ||||
|
|
|||||||
Lodging — 0.4% | ||||||||
Hyatt Hotels Corp., 1.30%, 10/01/23 (Call 12/01/22)(a) |
4,086 | 3,923,622 | ||||||
Marriott International Inc./MD, Series Z, 4.15%, 12/01/23 (Call 11/01/23) |
3,785 | 3,740,186 | ||||||
|
|
|||||||
7,663,808 | ||||||||
Machinery — 2.7% | ||||||||
Caterpillar
Financial Services Corp. |
2,985 | 2,941,449 | ||||||
0.45%, 09/14/23(a) |
4,906 | 4,728,010 | ||||||
0.65%, 07/07/23 |
2,536 | 2,463,648 | ||||||
2.63%, 03/01/23(a) |
1,130 | 1,121,706 | ||||||
3.45%, 05/15/23(a) |
2,163 | 2,143,749 | ||||||
3.65%, 12/07/23 |
3,958 | 3,911,889 | ||||||
3.75%, 11/24/23 |
5,239 | 5,190,959 | ||||||
CNH Industrial Capital LLC, 1.95%, 07/02/23(a) |
2,535 | 2,475,833 | ||||||
CNH Industrial NV, 4.50%, 08/15/23(a) |
3,503 | 3,475,151 | ||||||
Crane Holdings Co., 4.45%, 12/15/23 (Call 09/15/23)(a) |
3,599 | 3,565,673 | ||||||
John
Deere Capital Corp. |
1,865 | 1,848,663 | ||||||
0.40%, 10/10/23(a) |
3,763 | 3,609,093 | ||||||
0.70%, 07/05/23 |
1,274 | 1,239,335 | ||||||
1.20%, 04/06/23(a) |
1,801 | 1,774,688 | ||||||
2.70%, 01/06/23(a) |
792 | 789,402 | ||||||
2.80%, 01/27/23(a) |
1,642 | 1,635,169 | ||||||
2.80%, 03/06/23(a) |
3,414 | 3,392,014 | ||||||
3.45%, 06/07/23(a) |
1,023 | 1,016,381 | ||||||
3.65%, 10/12/23(a) |
4,623 | 4,570,760 | ||||||
Rockwell Automation Inc., 0.35%, 08/15/23 (Call 11/14/22) |
2,065 | 1,990,185 | ||||||
|
|
|||||||
53,883,757 | ||||||||
Manufacturing — 0.5% | ||||||||
3M
Co. |
2,249 | 2,228,422 | ||||||
2.25%, 03/15/23 (Call 02/15/23)(a) |
2,519 | 2,493,734 | ||||||
Carlisle Companies Inc., 0.55%, 09/01/23 (Call 12/01/22) |
2,498 | 2,401,152 | ||||||
General Electric Co., 3.10%, 01/09/23 |
105 | 104,621 | ||||||
Trane Technologies Global Holding Co. Ltd., 4.25%, 06/15/23 |
3,086 | 3,062,917 | ||||||
|
|
|||||||
10,290,846 | ||||||||
Media — 0.7% | ||||||||
Discovery Communications LLC, 2.95%, 03/20/23 (Call 02/20/23)(a) |
3,585 | 3,552,699 | ||||||
Thomson Reuters Corp., 4.30%, 11/23/23 (Call 08/23/23)(a) |
5,481 | 5,425,368 | ||||||
Time Warner Cable Enterprises LLC, 8.38%, 03/15/23(a) |
4,194 | 4,245,041 | ||||||
|
|
|||||||
13,223,108 | ||||||||
Metal Fabricate & Hardware — 0.2% | ||||||||
Precision Castparts Corp., 2.50%, 01/15/23 (Call 12/01/22)(a) |
3,976 | 3,958,108 | ||||||
|
|
|||||||
Mining — 0.4% | ||||||||
BHP Billiton Finance USA Ltd., 3.85%, 09/30/23(a) |
4,016 | 3,977,888 | ||||||
Freeport-McMoRan Inc., 3.88%, 03/15/23 (Call 12/15/22) |
4,225 | 4,195,763 | ||||||
|
|
|||||||
8,173,651 | ||||||||
Oil & Gas — 2.8% | ||||||||
Canadian Natural Resources Ltd., 2.95%, 01/15/23 (Call 12/15/22) |
3,740 | 3,723,245 | ||||||
Chevron Corp., 1.14%, 05/11/23 |
3,306 | 3,243,880 | ||||||
Chevron USA Inc., 0.43%, 08/11/23(a) |
3,001 | 2,902,837 |
Security | Par (000) |
Value | ||||||
Oil & Gas (continued) |
||||||||
Continental Resources Inc./OK, 4.50%, 04/15/23 (Call 01/15/23)(a) |
$ | 3,123 | $ | 3,108,947 | ||||
EOG Resources Inc., 2.63%, 03/15/23 (Call 12/15/22)(a) |
4,925 | 4,885,009 | ||||||
Exxon
Mobil Corp. |
11,400 | 11,238,576 | ||||||
2.73%, 03/01/23 (Call 01/01/23) |
4,046 | 4,022,210 | ||||||
Phillips 66, 3.70%, 04/06/23 |
2,488 | 2,474,814 | ||||||
Pioneer Natural Resources Co., 0.55%, 05/15/23(a) |
200 | 195,114 | ||||||
Shell
International Finance BV |
4,972 | 4,782,318 | ||||||
3.50%, 11/13/23 (Call 10/13/23)(a) |
6,337 | 6,251,957 | ||||||
TotalEnergies Capital Canada Ltd., 2.75%, 07/15/23(a) |
4,844 | 4,774,828 | ||||||
TotalEnergies Capital International SA, 2.70%, 01/25/23(a) |
3,703 | 3,687,188 | ||||||
|
|
|||||||
55,290,923 | ||||||||
Oil & Gas Services — 0.7% | ||||||||
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., 1.23%, 12/15/23 |
5,585 | 5,350,989 | ||||||
Schlumberger Investment SA, 3.65%, 12/01/23 (Call 09/01/23) |
9,451 | 9,318,024 | ||||||
|
|
|||||||
14,669,013 | ||||||||
Pharmaceuticals — 6.3% | ||||||||
AbbVie
Inc. |
4,238 | 4,191,636 | ||||||
3.75%, 11/14/23 (Call 10/14/23)(a) |
10,183 | 10,051,232 | ||||||
AmerisourceBergen Corp., 0.74%, 03/15/23 (Call 12/01/22)(a) |
2,619 | 2,576,677 | ||||||
AstraZeneca
PLC |
3,935 | 3,838,081 | ||||||
3.50%, 08/17/23 (Call 07/17/23) |
5,738 | 5,676,489 | ||||||
Bristol-Myers
Squibb Co. |
8,240 | 7,879,912 | ||||||
2.75%, 02/15/23 (Call 01/15/23)(a) |
2,556 | 2,542,964 | ||||||
3.25%, 02/20/23 (Call 01/20/23)(a) |
3,144 | 3,131,833 | ||||||
3.25%, 11/01/23(a) |
3,810 | 3,754,869 | ||||||
Cardinal Health Inc., 3.20%, 03/15/23(a) |
2,161 | 2,144,749 | ||||||
Cigna
Corp. |
15,518 | 15,306,490 | ||||||
3.75%, 07/15/23 (Call 06/15/23)(a) |
4,458 | 4,417,878 | ||||||
CVS Health Corp., 4.00%, 12/05/23 (Call 09/05/23) |
3,973 | 3,934,581 | ||||||
GlaxoSmithKline Capital PLC, 0.53%, 10/01/23 (Call 12/01/22) |
6,765 | 6,503,059 | ||||||
Johnson &
Johnson |
1,886 | 1,870,591 | ||||||
3.38%, 12/05/23(a) |
4,617 | 4,558,780 | ||||||
McKesson Corp., 2.85%, 03/15/23 (Call 12/15/22)(a) |
1,812 | 1,799,298 | ||||||
Merck & Co. Inc., 2.80%, 05/18/23(a) |
6,778 | 6,707,170 | ||||||
Mylan Inc., 4.20%, 11/29/23 (Call 08/29/23)(a) |
6,953 | 6,821,936 | ||||||
Pfizer
Inc. |
3,875 | 3,850,781 | ||||||
3.20%, 09/15/23 (Call 08/15/23)(a) |
5,048 | 4,978,035 | ||||||
Sanofi, 3.38%, 06/19/23 (Call 05/19/23)(a) |
4,387 | 4,350,062 | ||||||
Shire Acquisitions Investments Ireland DAC, 2.88%, 09/23/23 (Call 07/23/23) |
5,103 | 4,991,397 | ||||||
Takeda Pharmaceutical Co. Ltd., 4.40%, 11/26/23 (Call 10/26/23) |
2,638 | 2,611,910 | ||||||
Zoetis Inc., 3.25%, 02/01/23 (Call 12/01/22)(a) |
5,480 | 5,454,737 | ||||||
|
|
|||||||
123,945,147 | ||||||||
Pipelines — 4.0% | ||||||||
Boardwalk Pipelines LP, 3.38%, 02/01/23 (Call 11/01/22)(a) |
788 | 788,000 |
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) October 31, 2022 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Pipelines (continued) |
||||||||
DCP Midstream Operating LP, 3.88%, 03/15/23 (Call 12/15/22)(a) |
$ | 135 | $ | 134,205 | ||||
Enbridge
Inc. |
3,370 | 3,221,821 | ||||||
4.00%, 10/01/23 (Call 07/01/23)(a) |
5,220 | 5,149,269 | ||||||
Energy
Transfer LP |
989 | 984,807 | ||||||
3.60%, 02/01/23 (Call 12/01/22) |
2,471 | 2,459,460 | ||||||
4.25%, 03/15/23 (Call 12/15/22) |
4,053 | 4,034,316 | ||||||
Series 5Y, 4.20%, 09/15/23 (Call 08/15/23)(a) |
3,273 | 3,234,771 | ||||||
Energy Transfer LP/Regency Energy Finance Corp., 4.50%, 11/01/23 (Call 08/01/23) |
4,908 | 4,846,650 | ||||||
Enterprise Products Operating LLC, 3.35%, 03/15/23 (Call 12/15/22)(a) |
5,308 | 5,275,621 | ||||||
Kinder
Morgan Energy Partners LP |
2,340 | 2,328,160 | ||||||
3.50%, 09/01/23 (Call 06/01/23) |
6,615 | 6,523,118 | ||||||
Kinder
Morgan Inc., 3.15%, 01/15/23 |
3,337 | 3,322,084 | ||||||
MPLX
LP, 4.50%, 07/15/23 |
4,857 | 4,828,926 | ||||||
ONEOK Inc., 7.50%, 09/01/23 (Call 06/01/23)(a) |
7,830 | 7,913,859 | ||||||
ONEOK Partners LP, 5.00%, 09/15/23 (Call 06/15/23)(a) |
2,314 | 2,303,703 | ||||||
Plains
All American Pipeline LP/PAA Finance Corp. |
1,299 | 1,290,440 | ||||||
3.85%, 10/15/23 (Call 07/15/23)(a) |
5,809 | 5,713,035 | ||||||
Sabine Pass Liquefaction LLC, 5.63%, 04/15/23 (Call 01/15/23)(a) |
4,317 | 4,317,086 | ||||||
TransCanada PipeLines Ltd., 3.75%, 10/16/23 (Call 07/16/23)(a) |
4,610 | 4,536,286 | ||||||
Williams Companies Inc. (The), 4.50%, 11/15/23 (Call 08/15/23)(a) |
5,147 | 5,100,162 | ||||||
|
|
|||||||
78,305,779 | ||||||||
Real Estate Investment Trusts — 1.6% | ||||||||
American
Tower Corp. |
2,982 | 2,939,387 | ||||||
3.50%, 01/31/23 |
3,933 | 3,919,746 | ||||||
AvalonBay Communities Inc., 4.20%, 12/15/23 (Call 09/16/23)(a) |
3,876 | 3,839,914 | ||||||
Boston Properties LP, 3.13%, 09/01/23 (Call 06/01/23)(a) |
2,902 | 2,843,031 | ||||||
Brandywine Operating Partnership LP, 3.95%, 02/15/23 (Call 12/01/22)(a) |
1,345 | 1,335,222 | ||||||
Crown Castle Inc., 3.15%, 07/15/23 (Call 06/15/23) |
3,669 | 3,612,351 | ||||||
Essex Portfolio LP, 3.25%, 05/01/23 (Call 02/01/23)(a) |
1,273 | 1,260,868 | ||||||
GLP Capital LP/GLP Financing II Inc., 5.38%, 11/01/23 (Call 08/01/23) |
3,390 | 3,345,862 | ||||||
Mid-America Apartments LP, 4.30%, 10/15/23 (Call 07/15/23)(a) |
3,420 | 3,381,149 | ||||||
Omega Healthcare Investors Inc., 4.38%, 08/01/23 (Call 06/01/23)(a) |
1,731 | 1,713,915 | ||||||
Piedmont Operating Partnership LP, 3.40%, 06/01/23 (Call 03/01/23)(a) |
1,623 | 1,599,856 | ||||||
Simon Property Group LP, 2.75%, 06/01/23 (Call 03/01/23)(a) |
2,483 | 2,447,121 | ||||||
|
|
|||||||
32,238,422 | ||||||||
Retail — 2.3% | ||||||||
AutoZone
Inc. |
1,360 | 1,353,567 | ||||||
3.13%, 07/15/23 (Call 04/15/23)(a) |
2,878 | 2,836,384 | ||||||
Home Depot Inc. (The), 2.70%, 04/01/23 (Call 01/01/23)(a) |
4,146 | 4,113,122 | ||||||
Lowe’s Companies Inc., 3.88%, 09/15/23 (Call 06/15/23)(a) |
3,592 | 3,553,817 | ||||||
McDonald’s Corp., 3.35%, 04/01/23 (Call 03/01/23)(a) |
4,175 | 4,150,785 |
Security | Par (000) |
Value | ||||||
Retail (continued) |
||||||||
O’Reilly Automotive Inc., 3.85%, 06/15/23 (Call 03/15/23)(a) |
$ | 1,546 | $ | 1,531,530 | ||||
Starbucks
Corp. |
3,798 | 3,776,769 | ||||||
3.85%, 10/01/23 (Call 07/01/23)(a) |
4,586 | 4,532,848 | ||||||
TJX Companies Inc. (The), 2.50%, 05/15/23 (Call 02/15/23) |
2,676 | 2,638,188 | ||||||
Walgreens Boots Alliance Inc., 0.95%, 11/17/23 (Call 12/01/22)(a) |
2,435 | 2,328,323 | ||||||
Walmart
Inc. |
7,122 | 7,050,780 | ||||||
3.40%, 06/26/23 (Call 05/26/23)(a) |
7,600 | 7,541,404 | ||||||
|
|
|||||||
45,407,517 | ||||||||
Semiconductors — 1.1% | ||||||||
Marvell Technology Inc., 4.20%, 06/22/23 (Call 05/22/23)(a) |
2,050 | 2,033,354 | ||||||
Microchip
Technology Inc. |
5,643 | 5,500,401 | ||||||
4.33%, 06/01/23 (Call 05/01/23)(a) |
4,433 | 4,404,673 | ||||||
NVIDIA Corp., 0.31%, 06/15/23 (Call 12/01/22) |
2,010 | 1,954,785 | ||||||
QUALCOMM Inc., 2.60%, 01/30/23 (Call 12/30/22) |
4,377 | 4,352,357 | ||||||
Skyworks Solutions Inc., 0.90%, 06/01/23 (Call 11/16/22) |
2,555 | 2,480,650 | ||||||
Texas Instruments Inc., 2.25%, 05/01/23 (Call 02/01/23) |
1,099 | 1,086,274 | ||||||
|
|
|||||||
21,812,494 | ||||||||
Shipbuilding — 0.1% | ||||||||
Huntington Ingalls Industries Inc., 0.67%, 08/16/23 (Call 11/14/22) |
1,945 | 1,872,704 | ||||||
|
|
|||||||
Software — 3.4% | ||||||||
Adobe Inc., 1.70%, 02/01/23 |
2,567 | 2,547,927 | ||||||
Fidelity National Information Services Inc., 0.38%, 03/01/23 |
3,080 | 3,033,769 | ||||||
Fiserv
Inc., 3.80%, 10/01/23 |
6,476 | 6,381,774 | ||||||
Intuit Inc., 0.65%, 07/15/23(a) |
2,892 | 2,806,570 | ||||||
Microsoft
Corp. |
6,469 | 6,348,806 | ||||||
2.38%, 05/01/23 (Call 02/01/23)(a) |
3,758 | 3,718,165 | ||||||
3.63%, 12/15/23 (Call 09/15/23)(a) |
8,468 | 8,387,554 | ||||||
Oracle
Corp. |
11,993 | 11,697,493 | ||||||
2.63%, 02/15/23 (Call 01/15/23) |
4,330 | 4,301,985 | ||||||
3.63%, 07/15/23(a) |
4,527 | 4,478,697 | ||||||
Roper Technologies Inc., 3.65%, 09/15/23 (Call 08/15/23)(a) |
4,188 | 4,131,672 | ||||||
salesforce.com Inc., 3.25%, 04/11/23 (Call 03/11/23) |
5,096 | 5,063,539 | ||||||
VMware Inc., 0.60%, 08/15/23 |
4,958 | 4,773,463 | ||||||
|
|
|||||||
67,671,414 | ||||||||
Telecommunications — 0.9% | ||||||||
British Telecommunications PLC, 4.50%, 12/04/23 (Call 11/04/23)(a) |
4,698 | 4,636,691 | ||||||
Cisco
Systems Inc. |
4,864 | 4,755,241 | ||||||
2.60%, 02/28/23(a) |
1,692 | 1,679,716 | ||||||
Rogers
Communications Inc. |
1,866 | 1,850,792 | ||||||
4.10%, 10/01/23 (Call 07/01/23) |
4,995 | 4,931,764 | ||||||
Vodafone Group PLC, 2.95%, 02/19/23(a) |
510 | 506,343 | ||||||
|
|
|||||||
18,360,547 | ||||||||
Transportation — 1.4% | ||||||||
Burlington Northern Santa Fe LLC 3.00%, 03/15/23 (Call 12/15/22)(a) |
2,952 | 2,930,746 |
34 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Transportation (continued) |
||||||||
3.85%, 09/01/23 (Call 06/01/23)(a) |
$ | 4,193 | $ | 4,149,057 | ||||
Canadian Pacific Railway Co., 4.45%, 03/15/23 (Call 12/15/22)(a) |
772 | 770,510 | ||||||
Kansas City Southern, 3.00%, 05/15/23 (Call 02/15/23) |
989 | 976,984 | ||||||
Norfolk Southern Corp., 2.90%, 02/15/23 (Call 12/01/22) |
2,596 | 2,577,776 | ||||||
Ryder
System Inc. |
1,702 | 1,690,767 | ||||||
3.75%, 06/09/23 (Call 05/09/23)(a) |
2,026 | 2,004,383 | ||||||
3.88%, 12/01/23 (Call 11/01/23) |
3,138 | 3,088,765 | ||||||
Union
Pacific Corp. |
1,625 | 1,607,092 | ||||||
2.95%, 01/15/23 (Call 12/01/22)(a) |
1,103 | 1,099,525 | ||||||
3.50%, 06/08/23 (Call 05/08/23)(a) |
2,263 | 2,243,742 | ||||||
United Parcel Service Inc., 2.50%, 04/01/23 (Call 03/01/23)(a) |
4,194 | 4,151,221 | ||||||
|
|
|||||||
27,290,568 | ||||||||
|
|
|||||||
Total
Long-Term Investments — 95.9% |
1,894,685,059 | |||||||
|
|
Security | Shares (000) |
Value | ||||||
Short-Term Securities |
||||||||
Money Market Funds — 18.2% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(b)(c)(d) |
293,062 | $ | 293,003,583 | |||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(b)(c) |
66,380 | 66,380,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 18.2% |
359,383,583 | |||||||
|
|
|||||||
Total
Investments — 114.1% |
2,254,068,642 | |||||||
Liabilities in Excess of Other Assets — (14.1)% |
|
(277,721,898 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 1,976,346,744 | ||||||
|
|
(a) |
All or a portion of this security is on loan. |
(b) |
Affiliate of the Fund. |
(c) |
Annualized 7-day yield as of period end. |
(d) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 63,852,862 | $ | 229,247,570 | (a) | $ | — | $ | (48,478 | ) | $ | (48,371 | ) | $ | 293,003,583 | 293,062 | $ | 379,129 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
45,305,000 | 21,075,000 | (a) | — | — | — | 66,380,000 | 66,380 | 316,829 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (48,478 | ) | $ | (48,371 | ) | $ | 359,383,583 | $ | 695,958 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 1,894,685,059 | $ | — | $ | 1,894,685,059 | ||||||||
Money Market Funds |
359,383,583 | — | — | 359,383,583 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 359,383,583 | $ | 1,894,685,059 | $ | — | $ | 2,254,068,642 | |||||||||
|
|
|
|
|
|
|
|
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 |
35 |
Schedule of Investments October 31, 2022 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Advertising — 0.4% |
||||||||
Omnicom Group Inc./Omnicom Capital Inc., 3.65%, 11/01/24 (Call 08/01/24) |
$ | 4,224 | $ | 4,075,569 | ||||
WPP Finance 2010, 3.75%, 09/19/24 |
3,477 | 3,340,458 | ||||||
|
|
|||||||
7,416,027 | ||||||||
Aerospace & Defense — 1.4% | ||||||||
Boeing
Co. (The) |
10,585 | 10,040,190 | ||||||
1.95%, 02/01/24 |
3,513 | 3,350,418 | ||||||
2.80%, 03/01/24 (Call 02/01/24)(a) |
1,391 | 1,337,127 | ||||||
2.85%, 10/30/24 (Call 07/30/24)(a) |
1,396 | 1,317,559 | ||||||
General Dynamics Corp., 2.38%, 11/15/24 (Call 09/15/24) |
2,965 | 2,811,176 | ||||||
L3Harris Technologies Inc., 3.95%, 05/28/24 (Call 02/28/24) |
1,458 | 1,425,282 | ||||||
Raytheon Technologies Corp., 3.20%, 03/15/24 (Call 01/15/24) |
5,005 | 4,872,568 | ||||||
Teledyne Technologies Inc., 0.95%, 04/01/24 (Call 12/01/22) |
3,185 | 2,981,701 | ||||||
|
|
|||||||
28,136,021 | ||||||||
Agriculture — 1.4% | ||||||||
Altria
Group Inc. |
1,644 | 1,608,210 | ||||||
4.00%, 01/31/24(a) |
3,420 | 3,364,562 | ||||||
BAT
Capital Corp. |
4,309 | 4,074,720 | ||||||
3.22%, 08/15/24 (Call 06/15/24) |
10,677 | 10,198,884 | ||||||
Philip
Morris International Inc. |
4,771 | 4,607,402 | ||||||
3.25%, 11/10/24(a) |
3,481 | 3,351,611 | ||||||
|
|
|||||||
27,205,389 | ||||||||
Airlines — 0.1% | ||||||||
Continental Airlines Pass Through Trust, Series 2012-2, Class A, 4.00%, 10/29/24 |
544 | 508,595 | ||||||
Delta Air Lines Pass Through Trust, Series 2019-1, Class AA, 3.20%, 10/25/25 |
20 | 19,188 | ||||||
United Airlines Pass Through Trust, Series 2012-1 A, Class A, 4.15%, 10/11/25 |
2,082 | 1,980,284 | ||||||
|
|
|||||||
2,508,067 | ||||||||
Auto Manufacturers — 3.6% | ||||||||
American
Honda Finance Corp. |
3,622 | 3,357,594 | ||||||
0.75%, 08/09/24 |
3,675 | 3,409,922 | ||||||
2.15%, 09/10/24 |
3,117 | 2,956,817 | ||||||
2.40%, 06/27/24 |
2,313 | 2,214,004 | ||||||
2.90%, 02/16/24 |
2,453 | 2,385,224 | ||||||
3.55%, 01/12/24 |
2,919 | 2,866,370 | ||||||
General
Motors Financial Co. Inc. |
3,460 | 3,245,549 | ||||||
1.20%, 10/15/24 |
3,525 | 3,220,546 | ||||||
3.50%, 11/07/24 (Call 09/07/24)(a) |
3,227 | 3,077,977 | ||||||
3.95%, 04/13/24 (Call 02/13/24) |
4,184 | 4,070,237 | ||||||
5.10%, 01/17/24 (Call 12/17/23) |
5,302 | 5,254,918 | ||||||
PACCAR
Financial Corp. |
2,073 | 1,961,203 | ||||||
0.50%, 08/09/24 |
1,435 | 1,326,557 | ||||||
0.90%, 11/08/24 |
2,365 | 2,181,996 | ||||||
2.15%, 08/15/24 |
1,994 | 1,893,483 | ||||||
3.15%, 06/13/24 |
2,365 | 2,300,980 |
Security | Par (000) |
Value | ||||||
Auto Manufacturers (continued) | ||||||||
Toyota
Motor Corp. |
$ | 5,105 | $ | 4,807,736 | ||||
2.36%, 07/02/24 |
1,765 | 1,692,829 | ||||||
Toyota
Motor Credit Corp. |
3,299 | 3,127,815 | ||||||
0.50%, 06/18/24 |
3,295 | 3,065,108 | ||||||
0.63%, 09/13/24 |
3,920 | 3,619,062 | ||||||
2.00%, 10/07/24 |
2,022 | 1,910,527 | ||||||
2.50%, 03/22/24 |
1,100 | 1,063,601 | ||||||
2.90%, 04/17/24(a) |
3,165 | 3,072,012 | ||||||
3.35%, 01/08/24(a) |
1,684 | 1,655,439 | ||||||
4.40%, 09/20/24 |
605 | 599,089 | ||||||
|
|
|||||||
70,336,595 | ||||||||
Auto Parts & Equipment — 0.3% | ||||||||
Magna International Inc., 3.63%, 06/15/24 (Call 03/15/24) |
5,044 | 4,921,834 | ||||||
|
|
|||||||
Banks — 25.8% | ||||||||
Banco
Santander SA |
6,850 | 6,506,746 | ||||||
3.89%, 05/24/24 |
6,910 | 6,696,965 | ||||||
Bank
of America Corp. |
8,695 | 8,571,966 | ||||||
4.13%, 01/22/24 |
9,914 | 9,799,295 | ||||||
4.20%, 08/26/24 |
12,330 | 12,058,863 | ||||||
Bank
of Montreal |
5,340 | 4,935,922 | ||||||
2.15%, 03/08/24(a) |
759 | 727,183 | ||||||
2.50%, 06/28/24(a) |
4,894 | 4,673,672 | ||||||
Series E, 3.30%, 02/05/24(a) |
8,092 | 7,895,283 | ||||||
Series H, 4.25%, 09/14/24 |
1,525 | 1,493,112 | ||||||
Bank
of New York Mellon Corp. (The) |
2,275 | 2,127,808 | ||||||
2.10%, 10/24/24 |
4,722 | 4,456,246 | ||||||
3.25%, 09/11/24 (Call 08/11/24) |
2,884 | 2,795,144 | ||||||
3.40%, 05/15/24 (Call 04/15/24)(a) |
1,504 | 1,466,325 | ||||||
Series
12, 3.65%, 02/04/24 |
3,033 | 2,981,560 | ||||||
Series J, 0.85%, 10/25/24 (Call 09/25/24) |
2,835 | 2,607,888 | ||||||
Bank
of Nova Scotia (The) |
4,245 | 3,906,758 | ||||||
0.70%, 04/15/24 |
4,920 | 4,593,952 | ||||||
2.44%, 03/11/24 |
3,353 | 3,227,732 | ||||||
3.40%, 02/11/24 |
5,080 | 4,963,617 | ||||||
Barclays Bank PLC, 3.75%, 05/15/24(a) |
3,390 | 3,305,453 | ||||||
Barclays PLC, 4.38%, 09/11/24 |
5,554 | 5,278,522 | ||||||
BNP Paribas SA, 4.25%, 10/15/24 |
4,225 | 4,069,097 | ||||||
BPCE SA, 4.00%, 04/15/24 |
6,682 | 6,504,058 | ||||||
Canadian
Imperial Bank of Commerce |
3,630 | 3,332,703 | ||||||
3.10%, 04/02/24(a) |
5,024 | 4,869,964 | ||||||
Citibank
NA, 3.65%, 01/23/24 |
10,341 | 10,184,437 | ||||||
Citigroup
Inc. |
3,411 | 3,336,879 | ||||||
4.00%, 08/05/24(a) |
2,746 | 2,677,487 | ||||||
Comerica Bank, 2.50%, 07/23/24 |
3,145 | 2,994,292 | ||||||
Cooperatieve
Rabobank UA/NY |
2,310 | 2,182,627 | ||||||
3.88%, 08/22/24 |
505 | 493,683 | ||||||
Credit Agricole Corporate & Investment Bank SA, 0.78%, 06/28/24 (Call 12/28/22) |
275 | 254,568 |
36 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Banks (continued) | ||||||||
Credit
Suisse AG/New York NY |
$ | 5,314 | $ | 4,852,160 | ||||
3.63%, 09/09/24 |
12,008 | 11,163,357 | ||||||
4.75%, 08/09/24 |
3,820 | 3,626,823 | ||||||
Deutsche Bank AG/London, 3.70%, 05/30/24(a) |
3,158 | 3,051,860 | ||||||
Deutsche
Bank AG/New York NY |
5,445 | 4,997,857 | ||||||
3.70%, 05/30/24(a) |
2,873 | 2,748,226 | ||||||
Discover Bank, 2.45%, 09/12/24 (Call 08/12/24) |
3,569 | 3,351,469 | ||||||
Fifth
Third Bancorp. |
7,851 | 7,689,505 | ||||||
4.30%, 01/16/24 (Call 12/16/23) |
3,590 | 3,537,550 | ||||||
Goldman
Sachs Group Inc. (The) |
8,828 | 8,536,588 | ||||||
3.63%, 02/20/24 (Call 01/20/24)(a) |
5,978 | 5,844,870 | ||||||
3.85%, 07/08/24 (Call 04/08/24)(a) |
8,291 | 8,103,706 | ||||||
4.00%, 03/03/24 |
11,864 | 11,648,075 | ||||||
5.70%, 11/01/24 |
2,000 | 1,999,760 | ||||||
HSBC Holdings PLC, 4.25%, 03/14/24(a) |
8,478 | 8,202,211 | ||||||
HSBC
USA Inc. |
3,235 | 3,117,796 | ||||||
3.75%, 05/24/24 |
4,485 | 4,356,191 | ||||||
Huntington Bancshares Inc./OH, 2.63%, 08/06/24 (Call 07/06/24) |
4,465 | 4,265,147 | ||||||
ING Groep NV, 3.55%, 04/09/24(a) |
5,607 | 5,444,061 | ||||||
Intesa Sanpaolo SpA, 5.25%, 01/12/24 |
1,360 | 1,339,437 | ||||||
JPMorgan
Chase & Co. |
8,317 | 8,151,741 | ||||||
3.88%, 02/01/24(a) |
6,524 | 6,443,102 | ||||||
3.88%, 09/10/24 |
12,432 | 12,111,006 | ||||||
Lloyds
Banking Group PLC |
5,507 | 5,363,488 | ||||||
4.50%, 11/04/24(a) |
4,262 | 4,106,096 | ||||||
M&T Bank Corp., 4.00%, 07/15/24 (Call 04/16/24)(a) |
1,709 | 1,674,547 | ||||||
Mitsubishi
UFJ Financial Group Inc. |
4,759 | 4,533,273 | ||||||
3.41%, 03/07/24 |
7,176 | 6,978,445 | ||||||
Morgan
Stanley |
13,302 | 12,897,619 | ||||||
Series F, 3.88%, 04/29/24(a) |
13,567 | 13,292,811 | ||||||
National Bank of Canada, 0.75%, 08/06/24 |
3,160 | 2,903,819 | ||||||
NatWest Group PLC, 5.13%, 05/28/24(a) |
3,765 | 3,679,045 | ||||||
PNC
Bank NA |
1,384 | 1,330,813 | ||||||
2.50%, 08/27/24 (Call 07/27/24) |
2,647 | 2,522,512 | ||||||
PNC
Financial Services Group Inc. (The) |
2,923 | 2,755,921 | ||||||
3.50%, 01/23/24(a) |
5,761 | 5,657,705 | ||||||
3.90%, 04/29/24 (Call 03/29/24) |
3,223 | 3,154,060 | ||||||
Royal
Bank of Canada |
2,716 | 2,562,655 | ||||||
0.65%, 07/29/24 |
3,730 | 3,442,976 | ||||||
0.75%, 10/07/24(a) |
3,955 | 3,619,695 | ||||||
2.25%, 11/01/24 |
6,313 | 5,937,945 | ||||||
2.55%, 07/16/24(a) |
5,439 | 5,189,132 | ||||||
3.97%, 07/26/24(a) |
6,435 | 6,288,089 | ||||||
Santander Holdings USA Inc., 3.50%, 06/07/24 (Call 05/07/24) |
5,043 | 4,835,077 |
Security | Par (000) |
Value | ||||||
Banks (continued) | ||||||||
Santander
UK PLC |
$ | 1,365 | $ | 1,307,888 | ||||
4.00%, 03/13/24(a) |
5,715 | 5,597,785 | ||||||
Sumitomo
Mitsui Banking Corp. |
932 | 904,226 | ||||||
3.95%, 01/10/24 |
2,000 | 1,964,220 | ||||||
Sumitomo
Mitsui Financial Group Inc. |
1,850 | 1,742,774 | ||||||
2.45%, 09/27/24(a) |
4,353 | 4,099,133 | ||||||
2.70%, 07/16/24(a) |
8,342 | 7,942,668 | ||||||
Toronto-Dominion
Bank (The) |
3,295 | 3,089,458 | ||||||
0.70%, 09/10/24 |
3,755 | 3,443,297 | ||||||
1.25%, 12/13/24 |
3,020 | 2,772,692 | ||||||
2.35%, 03/08/24 |
3,545 | 3,408,269 | ||||||
2.65%, 06/12/24 |
6,272 | 6,014,284 | ||||||
3.25%, 03/11/24 |
5,055 | 4,919,172 | ||||||
4.29%, 09/13/24 |
2,030 | 1,989,116 | ||||||
Truist
Bank |
4,808 | 4,500,721 | ||||||
3.20%, 04/01/24 (Call 03/01/24) |
5,416 | 5,258,340 | ||||||
Truist
Financial Corp. |
4,295 | 4,095,583 | ||||||
2.85%, 10/26/24 (Call 09/26/24) |
3,793 | 3,618,750 | ||||||
U.S.
Bancorp. |
5,612 | 5,363,725 | ||||||
3.38%, 02/05/24 (Call 01/05/24) |
5,695 | 5,578,993 | ||||||
3.60%, 09/11/24 (Call 08/11/24)(a) |
4,291 | 4,176,001 | ||||||
3.70%, 01/30/24 (Call 12/29/23)(a) |
2,726 | 2,684,292 | ||||||
Wells
Fargo & Co. |
9,581 | 9,258,408 | ||||||
3.75%, 01/24/24 (Call 12/22/23) |
12,982 | 12,766,239 | ||||||
4.48%, 01/16/24(a) |
3,000 | 2,972,100 | ||||||
Westpac
Banking Corp. |
5,140 | 4,740,828 | ||||||
3.30%, 02/26/24(a) |
6,258 | 6,138,535 | ||||||
|
|
|||||||
503,625,525 | ||||||||
Beverages — 1.0% | ||||||||
Coca-Cola Co. (The), 1.75%, 09/06/24 |
3,368 | 3,207,043 | ||||||
Constellation
Brands Inc. |
2,760 | 2,702,758 | ||||||
4.75%, 11/15/24(a) |
2,131 | 2,112,354 | ||||||
Diageo Capital PLC, 2.13%, 10/24/24 (Call 09/24/24)(a) |
2,262 | 2,136,142 | ||||||
Keurig Dr Pepper Inc., 0.75%, 03/15/24 (Call 12/01/22) |
4,645 | 4,376,240 | ||||||
PepsiCo Inc., 3.60%, 03/01/24 (Call 12/01/23) |
4,847 | 4,785,492 | ||||||
|
|
|||||||
19,320,029 | ||||||||
Biotechnology — 0.6% | ||||||||
Amgen
Inc., 3.63%, 05/22/24 |
5,946 | 5,827,080 | ||||||
Gilead Sciences Inc., 3.70%, 04/01/24 (Call 01/01/24)(a) |
6,961 | 6,835,632 | ||||||
|
|
|||||||
12,662,712 | ||||||||
Building Materials — 0.3% | ||||||||
Johnson Controls International PLC, 3.63%, 07/02/24 (Call 04/02/24)(b) |
2,290 | 2,225,811 | ||||||
Martin Marietta Materials Inc., 4.25%, 07/02/24 (Call 04/02/24)(a) |
1,801 | 1,773,337 | ||||||
Owens Corning, 4.20%, 12/01/24 (Call 09/01/24) |
2,119 | 2,065,538 | ||||||
|
|
|||||||
6,064,686 | ||||||||
Chemicals — 1.1% | ||||||||
Air Products and Chemicals Inc., 3.35%, 07/31/24 (Call 04/30/24)(a) |
1,440 | 1,404,418 |
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) October 31, 2022 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Chemicals (continued) | ||||||||
Celanese
U.S. Holdings LLC |
$ | 2,285 | $ | 2,189,418 | ||||
5.90%, 07/05/24 |
7,705 | 7,571,858 | ||||||
FMC Corp., 4.10%, 02/01/24 (Call 11/01/23)(a) |
1,732 | 1,701,846 | ||||||
LyondellBasell Industries NV, 5.75%, 04/15/24 (Call 01/15/24) |
2,900 | 2,907,511 | ||||||
PPG Industries Inc., 2.40%, 08/15/24 (Call 07/15/24) |
1,060 | 1,009,003 | ||||||
Sherwin-Williams
Co. (The) |
3,123 | 3,024,469 | ||||||
4.05%, 08/08/24 |
1,025 | 1,005,956 | ||||||
Westlake Corp., 0.88%, 08/15/24 (Call 12/01/22) |
1,205 | 1,119,939 | ||||||
|
|
|||||||
21,934,418 | ||||||||
Commercial Services — 0.9% | ||||||||
Equifax Inc., 2.60%, 12/01/24 (Call 11/01/24)(a) |
3,407 | 3,216,515 | ||||||
Global Payments Inc., 1.50%, 11/15/24 (Call 10/15/24) |
965 | 883,969 | ||||||
J Paul Getty Trust (The), Series 2021, 0.39%, 01/01/24 (Call 10/01/23) |
2,065 | 1,961,110 | ||||||
Moody’s Corp., 4.88%, 02/15/24 (Call 11/15/23)(a) |
3,912 | 3,893,614 | ||||||
PayPal Holdings Inc., 2.40%, 10/01/24 (Call 09/01/24) |
6,578 | 6,264,492 | ||||||
Quanta Services Inc., 0.95%, 10/01/24 (Call 12/01/22) |
1,965 | 1,785,969 | ||||||
|
|
|||||||
18,005,669 | ||||||||
Computers — 3.0% | ||||||||
Apple
Inc. |
2,927 | 2,779,157 | ||||||
2.85%, 05/11/24 (Call 03/11/24) |
6,465 | 6,289,023 | ||||||
3.00%, 02/09/24 (Call 12/09/23) |
5,445 | 5,334,194 | ||||||
3.45%, 05/06/24 |
9,176 | 9,011,291 | ||||||
Dell International LLC/EMC Corp., 4.00%, 07/15/24 (Call 06/15/24) |
5,307 | 5,179,207 | ||||||
Genpact Luxembourg Sarl, 3.38%, 12/01/24 (Call 11/01/24) |
2,317 | 2,206,410 | ||||||
Hewlett Packard Enterprise Co., 1.45%, 04/01/24 (Call 03/01/24)(a) |
5,757 | 5,449,403 | ||||||
International
Business Machines Corp. |
11,731 | 11,385,287 | ||||||
3.63%, 02/12/24 |
8,175 | 8,034,554 | ||||||
NetApp Inc., 3.30%, 09/29/24 (Call 07/29/24) |
2,545 | 2,456,689 | ||||||
|
|
|||||||
58,125,215 | ||||||||
Cosmetics & Personal Care — 0.8% | ||||||||
Colgate-Palmolive Co., 3.25%, 03/15/24(a) |
1,477 | 1,452,009 | ||||||
Estee Lauder Companies Inc. (The), 2.00%, 12/01/24 (Call 11/01/24)(a) |
2,126 | 2,012,876 | ||||||
GSK Consumer Healthcare Capital U.S. LLC, 3.02%, 03/24/24 |
2,690 | 2,595,327 | ||||||
Unilever
Capital Corp. |
2,075 | 1,928,713 | ||||||
2.60%, 05/05/24 (Call 03/05/24)(a) |
4,504 | 4,354,647 | ||||||
3.25%, 03/07/24 (Call 02/07/24) |
2,414 | 2,364,875 | ||||||
|
|
|||||||
14,708,447 | ||||||||
Diversified Financial Services — 7.1% | ||||||||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust |
12,120 | 11,016,838 | ||||||
2.88%, 08/14/24 (Call 07/14/24)(a) |
2,751 | 2,574,166 | ||||||
3.15%, 02/15/24 (Call 01/15/24) |
4,075 | 3,906,621 | ||||||
4.88%, 01/16/24 (Call 12/16/23) |
3,603 | 3,536,381 | ||||||
Series 3NC1, 1.75%, 10/29/24 (Call 12/01/22) |
4,479 | 4,059,810 | ||||||
Affiliated Managers Group Inc., 4.25%, 02/15/24(a) |
975 | 963,602 | ||||||
Air
Lease Corp. |
2,882 | 2,689,281 | ||||||
0.80%, 08/18/24 (Call 07/18/24)(a) |
1,400 | 1,271,900 | ||||||
4.25%, 02/01/24 (Call 01/01/24) |
3,661 | 3,579,067 |
Security | Par (000) |
Value | ||||||
Diversified Financial Services (continued) | ||||||||
4.25%, 09/15/24 (Call 06/15/24) |
$ | 2,944 | $ | 2,864,806 | ||||
Aircastle Ltd., 4.13%, 05/01/24 (Call 02/01/24) |
2,577 | 2,456,963 | ||||||
Ally
Financial Inc. |
4,056 | 3,914,608 | ||||||
5.13%, 09/30/24 |
3,058 | 3,014,057 | ||||||
American
Express Co. |
7,317 | 6,955,760 | ||||||
3.00%, 10/30/24 (Call 09/29/24)(a) |
6,770 | 6,469,006 | ||||||
3.38%, 05/03/24 |
4,975 | 4,825,551 | ||||||
3.40%, 02/22/24 (Call 01/22/24) |
6,050 | 5,901,291 | ||||||
3.63%, 12/05/24 (Call 11/04/24) |
2,541 | 2,456,410 | ||||||
Ameriprise Financial Inc., 3.70%, 10/15/24 |
3,072 | 2,982,420 | ||||||
BGC Partners Inc., 3.75%, 10/01/24 (Call 09/01/24) |
1,745 | 1,655,621 | ||||||
Brookfield Finance Inc., 4.00%, 04/01/24 (Call 02/01/24) |
4,517 | 4,424,401 | ||||||
Capital
One Financial Corp. |
7,095 | 6,762,457 | ||||||
3.75%, 04/24/24 (Call 03/24/24)(a) |
3,417 | 3,325,595 | ||||||
3.90%, 01/29/24 (Call 12/29/23)(a) |
5,539 | 5,430,159 | ||||||
Charles
Schwab Corp. (The) |
6,095 | 5,750,998 | ||||||
3.55%, 02/01/24 (Call 01/01/24) |
2,651 | 2,603,017 | ||||||
3.75%, 04/01/24 (Call 03/02/24) |
2,225 | 2,186,975 | ||||||
Citigroup Global Markets Holdings Inc./U.S, 0.75%, 06/07/24 (Call 12/07/22) |
1,533 | 1,430,243 | ||||||
Discover Financial Services, 3.95%, 11/06/24 (Call 08/06/24) |
2,462 | 2,373,565 | ||||||
Invesco Finance PLC, 4.00%, 01/30/24 |
3,039 | 2,984,116 | ||||||
Mastercard Inc., 3.38%, 04/01/24(a) |
5,821 | 5,711,798 | ||||||
ORIX
Corp. |
2,715 | 2,596,083 | ||||||
4.05%, 01/16/24(a) |
1,682 | 1,657,005 | ||||||
Radian Group Inc., 4.50%, 10/01/24 (Call 07/01/24)(a) |
2,240 | 2,132,570 | ||||||
Stifel Financial Corp., 4.25%, 07/18/24(a) |
2,588 | 2,529,252 | ||||||
Synchrony
Financial |
4,953 | 4,782,221 | ||||||
4.38%, 03/19/24 (Call 02/19/24)(a) |
4,155 | 4,062,260 | ||||||
|
|
|||||||
137,836,874 | ||||||||
Electric — 6.0% | ||||||||
Ameren Corp., 2.50%, 09/15/24 (Call 08/15/24) |
2,583 | 2,446,385 | ||||||
American Electric Power Co. Inc., 2.03%, 03/15/24 |
3,850 | 3,674,363 | ||||||
Avangrid Inc., 3.15%, 12/01/24 (Call 10/01/24) |
3,097 | 2,945,557 | ||||||
Black Hills Corp., 1.04%, 08/23/24 (Call 11/16/22)(a) |
2,650 | 2,450,614 | ||||||
CenterPoint Energy Inc., 2.50%, 09/01/24 (Call 08/01/24) |
2,372 | 2,245,833 | ||||||
Dominion Energy Inc., 3.07%, 08/15/24(b) |
3,509 | 3,347,726 | ||||||
DTE Electric Co., 3.65%, 03/15/24 (Call 12/15/23) |
2,512 | 2,464,121 | ||||||
DTE
Energy Co. |
2,990 | 2,919,585 | ||||||
Series C, 2.53%, 10/01/24(b) |
2,696 | 2,553,355 | ||||||
Duke Energy Corp., 3.75%, 04/15/24 (Call 01/15/24)(a) |
4,601 | 4,514,455 | ||||||
Edison International, 3.55%, 11/15/24 (Call 10/15/24)(a) |
2,607 | 2,500,269 | ||||||
Emera U.S. Finance LP, 0.83%, 06/15/24 |
1,850 | 1,703,850 | ||||||
Enel Generacion Chile SA, 4.25%, 04/15/24 (Call 01/15/24) |
1,264 | 1,230,453 | ||||||
Entergy Arkansas LLC, 3.70%, 06/01/24 (Call 03/01/24) |
1,315 | 1,290,291 | ||||||
Entergy
Louisiana LLC |
4,200 | 3,875,340 | ||||||
5.40%, 11/01/24 |
1,300 | 1,304,836 | ||||||
5.59%, 10/01/24(a) |
770 | 774,658 | ||||||
Evergy Inc., 2.45%, 09/15/24 (Call 08/15/24) |
4,237 | 3,991,890 | ||||||
Eversource
Energy |
3,660 | 3,592,766 |
38 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Electric (continued) | ||||||||
Series L, 2.90%, 10/01/24 (Call 08/01/24) |
$ | 2,585 | $ | 2,469,140 | ||||
Florida Power & Light Co., 3.25%, 06/01/24 (Call 12/01/23)(a) |
2,364 | 2,305,893 | ||||||
Georgia Power Co., Series A, 2.20%, 09/15/24 (Call 08/15/24)(a) |
2,480 | 2,336,929 | ||||||
Interstate Power & Light Co., 3.25%, 12/01/24 (Call 09/01/24) |
2,305 | 2,210,518 | ||||||
IPALCO Enterprises Inc., 3.70%, 09/01/24 (Call 07/01/24) |
2,164 | 2,064,348 | ||||||
ITC Holdings Corp., 3.65%, 06/15/24 (Call 03/15/24) |
2,258 | 2,189,831 | ||||||
MidAmerican Energy Co., 3.50%, 10/15/24 (Call 07/15/24)(a) |
3,110 | 3,019,095 | ||||||
National
Rural Utilities Cooperative Finance Corp. |
1,455 | 1,370,872 | ||||||
2.95%, 02/07/24 (Call 12/07/23) |
2,464 | 2,401,094 | ||||||
Series D, 1.00%, 10/18/24 |
2,154 | 1,982,391 | ||||||
NextEra
Energy Capital Holdings Inc. |
4,270 | 4,137,118 | ||||||
4.20%, 06/20/24 |
2,150 | 2,115,363 | ||||||
4.26%, 09/01/24 |
3,879 | 3,801,071 | ||||||
Oncor Electric Delivery Co. LLC, 2.75%, 06/01/24 (Call 05/01/24) |
2,316 | 2,232,531 | ||||||
Pacific
Gas and Electric Co. |
3,535 | 3,416,012 | ||||||
3.40%, 08/15/24 (Call 05/15/24) |
706 | 668,413 | ||||||
3.75%, 02/15/24 (Call 11/15/23) |
1,815 | 1,760,568 | ||||||
PacifiCorp,
3.60%, 04/01/24 |
1,054 | 1,033,879 | ||||||
Potomac Electric Power Co., 3.60%, 03/15/24 (Call 12/15/23) |
1,625 | 1,592,809 | ||||||
Public Service Enterprise Group Inc., 2.88%, 06/15/24 (Call 05/15/24)(a) |
3,905 | 3,752,549 | ||||||
Southern California Edison Co. |
||||||||
1.10%, 04/01/24 (Call 04/01/23)(a) |
2,874 | 2,705,037 | ||||||
Series K, 0.98%, 08/01/24 |
2,015 | 1,868,570 | ||||||
Southern Co. (The) |
||||||||
4.48%, 08/01/24(b) |
2,485 | 2,438,829 | ||||||
Series 21-A, 0.60%, 02/26/24 (Call 01/26/24) |
2,905 | 2,736,278 | ||||||
Southwestern Public Service Co., 3.30%, 06/15/24 (Call 12/15/23)(a) |
1,655 | 1,608,892 | ||||||
Tampa Electric Co., 3.88%, 07/12/24 |
1,785 | 1,738,858 | ||||||
Union Electric Co., 3.50%, 04/15/24 (Call 01/15/24) |
1,902 | 1,853,176 | ||||||
Virginia Electric & Power Co., 3.45%, 02/15/24 (Call 11/15/23)(a) |
1,447 | 1,414,905 | ||||||
WEC Energy Group Inc., 0.80%, 03/15/24 (Call 02/15/24)(a) |
3,135 | 2,947,402 | ||||||
Wisconsin Electric Power Co., 2.05%, 12/15/24 (Call 11/15/24) |
1,701 | 1,601,151 | ||||||
|
|
|||||||
117,599,869 | ||||||||
Electronics — 1.0% | ||||||||
Allegion U.S. Holding Co. Inc., 3.20%, 10/01/24 (Call 08/01/24)(a) |
2,294 | 2,188,522 | ||||||
Amphenol
Corp., 3.20%, 04/01/24 |
1,910 | 1,856,959 | ||||||
Arrow Electronics Inc., 3.25%, 09/08/24 (Call 07/08/24) |
2,452 | 2,341,071 | ||||||
Honeywell International Inc., 2.30%, 08/15/24 (Call 07/15/24)(a) |
4,823 | 4,618,842 | ||||||
Keysight Technologies Inc., 4.55%, 10/30/24 (Call 07/30/24) |
2,107 | 2,063,322 | ||||||
TD SYNNEX Corp., 1.25%, 08/09/24 (Call 11/14/22) |
2,990 | 2,749,335 | ||||||
Trimble Inc., 4.75%, 12/01/24 (Call 09/01/24) |
1,883 | 1,850,481 | ||||||
Tyco Electronics Group SA, 3.45%, 08/01/24 (Call 05/01/24)(a) |
898 | 872,102 | ||||||
|
|
|||||||
18,540,634 |
Security | Par (000) |
Value | ||||||
Entertainment — 0.4% | ||||||||
Magallanes
Inc. |
$ | 6,485 | $ | 6,257,765 | ||||
3.53%, 03/15/24 (Call 03/15/23)(a)(c) |
1,345 | 1,297,710 | ||||||
|
|
|||||||
7,555,475 | ||||||||
Environmental Control — 0.2% | ||||||||
Republic Services Inc., 2.50%, 08/15/24 (Call 07/15/24)(a) |
4,869 | 4,637,284 | ||||||
|
|
|||||||
Food — 1.2% | ||||||||
Conagra Brands Inc., 4.30%, 05/01/24 (Call 04/01/24)(a) |
5,358 | 5,268,521 | ||||||
General Mills Inc., 3.65%, 02/15/24 (Call 11/15/23)(a) |
2,361 | 2,327,852 | ||||||
Hershey Co. (The), 2.05%, 11/15/24 (Call 10/15/24)(a) |
1,108 | 1,048,933 | ||||||
Hormel Foods Corp., 0.65%, 06/03/24 (Call 12/01/22)(a) |
1,780 | 1,662,805 | ||||||
Kroger Co. (The), 4.00%, 02/01/24 (Call 11/01/23) |
2,357 | 2,322,069 | ||||||
McCormick & Co. Inc./MD, 3.15%, 08/15/24 (Call 06/15/24) |
3,889 | 3,743,124 | ||||||
Mondelez International Inc., 2.13%, 03/17/24 |
2,505 | 2,402,821 | ||||||
Tyson Foods Inc., 3.95%, 08/15/24 (Call 05/15/24)(a) |
4,878 | 4,761,513 | ||||||
|
|
|||||||
23,537,638 | ||||||||
Forest Products & Paper — 0.2% | ||||||||
Celulosa Arauco y Constitucion SA, 4.50%, 08/01/24 (Call 05/01/24) |
1,193 | 1,164,261 | ||||||
Georgia-Pacific LLC, 8.00%, 01/15/24 |
2,995 | 3,093,206 | ||||||
|
|
|||||||
4,257,467 | ||||||||
Gas — 0.5% | ||||||||
Eastern Energy Gas Holdings LLC |
||||||||
3.60%, 12/15/24 (Call 09/15/24) |
509 | 491,511 | ||||||
Series A, 2.50%, 11/15/24 (Call 10/15/24) |
3,463 | 3,276,067 | ||||||
ONE
Gas Inc. 1.10%, 03/11/24 |
2,632 | 2,490,293 | ||||||
3.61%, 02/01/24 (Call 11/01/23) |
770 | 754,516 | ||||||
Southern California Gas Co., 3.15%, 09/15/24 (Call 06/15/24) |
2,050 | 1,977,717 | ||||||
|
|
|||||||
8,990,104 | ||||||||
Health Care - Products — 1.5% | ||||||||
Baxter International Inc., 1.32%, 11/29/24(a) |
5,678 | 5,225,861 | ||||||
Boston Scientific Corp., 3.45%, 03/01/24 (Call 02/01/24)(a) |
2,577 | 2,521,491 | ||||||
DH Europe Finance II Sarl, 2.20%, 11/15/24 (Call 10/15/24) |
3,581 | 3,380,070 | ||||||
PerkinElmer Inc., 0.85%, 09/15/24 (Call 12/01/22)(a) |
640 | 591,053 | ||||||
Stryker Corp., 3.38%, 05/15/24 (Call 02/15/24) |
3,051 | 2,971,003 | ||||||
Thermo Fisher Scientific Inc., 1.22%, 10/18/24 (Call 12/01/22)(a) |
10,405 | 9,687,783 | ||||||
Zimmer Biomet Holdings Inc., 1.45%, 11/22/24(a) |
4,575 | 4,220,163 | ||||||
|
|
|||||||
28,597,424 | ||||||||
Health Care - Services — 2.2% | ||||||||
Aetna Inc., 3.50%, 11/15/24 (Call 08/15/24)(a) |
4,168 | 4,027,914 | ||||||
CommonSpirit Health, 2.76%, 10/01/24 (Call 07/01/24) |
2,018 | 1,917,261 | ||||||
Elevance
Health Inc. |
4,224 | 4,066,740 | ||||||
3.50%, 08/15/24 (Call 05/15/24) |
3,712 | 3,607,062 | ||||||
HCA Inc., 5.00%, 03/15/24(a) |
8,432 | 8,360,075 | ||||||
Humana
Inc., 3.85%, 10/01/24 |
3,281 | 3,197,827 | ||||||
Laboratory
Corp. of America Holdings |
2,493 | 2,340,030 | ||||||
3.25%, 09/01/24 (Call 07/01/24)(a) |
2,901 | 2,793,054 | ||||||
Quest Diagnostics Inc., 4.25%, 04/01/24 (Call 01/01/24) |
1,173 | 1,156,871 | ||||||
UnitedHealth
Group Inc. |
420 | 393,023 | ||||||
2.38%, 08/15/24 |
3,849 | 3,681,915 | ||||||
3.50%, 02/15/24 |
3,889 | 3,825,337 |
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) October 31, 2022 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Health Care - Services (continued) | ||||||||
5.00%, 10/15/24 |
$ | 4,065 | $ | 4,066,504 | ||||
|
|
|||||||
43,433,613 | ||||||||
Holding Companies - Diversified — 1.0% | ||||||||
Ares Capital Corp., 4.20%, 06/10/24 (Call 05/10/24) |
4,441 | 4,270,910 | ||||||
Blackstone
Private Credit Fund |
2,460 | 2,247,530 | ||||||
2.35%, 11/22/24 |
1,120 | 1,025,281 | ||||||
FS
KKR Capital Corp. |
2,230 | 2,022,075 | ||||||
4.63%, 07/15/24 (Call 06/15/24) |
2,173 | 2,089,731 | ||||||
Golub Capital BDC Inc., 3.38%, 04/15/24 (Call 03/15/24)(a) |
2,760 | 2,626,223 | ||||||
Main Street Capital Corp., 5.20%, 05/01/24 |
2,625 | 2,555,700 | ||||||
Owl Rock Capital Corp., 5.25%, 04/15/24 (Call 03/15/24)(a) |
1,950 | 1,914,295 | ||||||
Sixth Street Specialty Lending Inc., 3.88%, 11/01/24 (Call 10/01/24)(a) |
1,530 | 1,452,245 | ||||||
|
|
|||||||
20,203,990 | ||||||||
Home Builders — 0.4% | ||||||||
DR Horton Inc., 2.50%, 10/15/24 (Call 09/15/24) |
3,229 | 3,044,107 | ||||||
Lennar
Corp. |
3,367 | 3,312,825 | ||||||
5.88%, 11/15/24 (Call 05/15/24) |
2,405 | 2,407,814 | ||||||
|
|
|||||||
8,764,746 | ||||||||
Home Furnishings — 0.1% | ||||||||
Leggett & Platt Inc., 3.80%, 11/15/24 (Call 08/15/24)(a) |
350 | 337,936 | ||||||
Whirlpool Corp., 4.00%, 03/01/24(a) |
1,210 | 1,188,994 | ||||||
|
|
|||||||
1,526,930 | ||||||||
Household Products & Wares — 0.1% | ||||||||
Avery Dennison Corp., 0.85%, 08/15/24 (Call 12/01/22) |
1,340 | 1,239,889 | ||||||
|
|
|||||||
Insurance — 1.5% | ||||||||
American International Group Inc., 4.13%, 02/15/24 |
2,649 | 2,613,159 | ||||||
Aon Global Ltd., 3.50%, 06/14/24 |
3,321 | 3,230,636 | ||||||
Assured Guaranty U.S. Holdings Inc., 5.00%, 07/01/24(a) |
1,519 | 1,510,843 | ||||||
Brown & Brown Inc., 4.20%, 09/15/24 (Call 06/15/24) |
2,315 | 2,257,171 | ||||||
Chubb INA Holdings Inc., 3.35%, 05/15/24 |
1,760 | 1,711,424 | ||||||
CNA Financial Corp., 3.95%, 05/15/24 (Call 02/15/24)(a) |
2,643 | 2,580,731 | ||||||
First American Financial Corp., 4.60%, 11/15/24 |
345 | 334,571 | ||||||
Marsh & McLennan Companies Inc. |
||||||||
3.50%, 06/03/24 (Call 03/03/24)(a) |
2,693 | 2,618,000 | ||||||
3.88%, 03/15/24 (Call 02/15/24) |
4,489 | 4,409,679 | ||||||
MetLife Inc., 3.60%, 04/10/24(a) |
5,069 | 4,957,279 | ||||||
Old Republic International Corp., 4.88%, 10/01/24 (Call 09/01/24) |
1,181 | 1,169,025 | ||||||
Willis North America Inc., 3.60%, 05/15/24 (Call 03/15/24)(a) |
2,842 | 2,750,033 | ||||||
|
|
|||||||
30,142,551 | ||||||||
Internet — 2.3% | ||||||||
Alibaba Group Holding Ltd., 3.60%, 11/28/24 (Call 08/28/24)(a) |
7,607 | 7,215,316 | ||||||
Alphabet Inc., 3.38%, 02/25/24(a) |
4,225 | 4,162,597 | ||||||
Amazon.com
Inc. |
8,310 | 7,791,622 | ||||||
2.73%, 04/13/24 |
5,225 | 5,087,426 | ||||||
2.80%, 08/22/24 (Call 06/22/24)(a) |
7,895 | 7,633,912 | ||||||
3.80%, 12/05/24 (Call 09/05/24)(a) |
5,093 | 5,006,775 | ||||||
Baidu
Inc., 4.38%, 05/14/24 |
2,545 | 2,487,279 | ||||||
eBay
Inc., 3.45%, 08/01/24 |
4,115 | 4,001,220 | ||||||
Weibo
Corp., 3.50%, 07/05/24 |
2,483 | 2,338,465 | ||||||
|
|
|||||||
45,724,612 |
Security | Par (000) |
Value | ||||||
Iron & Steel — 0.1% | ||||||||
Steel Dynamics Inc., 2.80%, 12/15/24 (Call 11/15/24) |
$ | 2,379 | $ | 2,256,077 | ||||
|
|
|||||||
Leisure Time — 0.1% | ||||||||
Brunswick Corp., 0.85%, 08/18/24 (Call 12/01/22) |
2,075 | 1,899,455 | ||||||
|
|
|||||||
Lodging — 0.4% | ||||||||
Hyatt Hotels Corp., 1.80%, 10/01/24 (Call 12/01/22) |
3,525 | 3,290,693 | ||||||
Marriott International Inc./MD, 3.60%, 04/15/24 (Call 03/15/24)(a) |
3,626 | 3,543,037 | ||||||
|
|
|||||||
6,833,730 | ||||||||
Machinery — 2.2% | ||||||||
Caterpillar
Financial Services Corp. |
2,545 | 2,376,699 | ||||||
0.60%, 09/13/24(a) |
2,650 | 2,448,997 | ||||||
0.95%, 01/10/24 |
1,927 | 1,840,439 | ||||||
2.15%, 11/08/24 |
4,071 | 3,859,023 | ||||||
2.85%, 05/17/24 |
1,844 | 1,788,846 | ||||||
3.25%, 12/01/24(a) |
2,486 | 2,407,716 | ||||||
3.30%, 06/09/24 |
1,524 | 1,486,403 | ||||||
Caterpillar
Inc., 3.40%, 05/15/24 |
3,629 | 3,549,053 | ||||||
CNH Industrial Capital LLC, 4.20%, 01/15/24 |
2,511 | 2,471,176 | ||||||
John
Deere Capital Corp. |
3,140 | 2,982,592 | ||||||
0.45%, 06/07/24 |
2,230 | 2,080,701 | ||||||
0.63%, 09/10/24 |
1,990 | 1,843,815 | ||||||
0.90%, 01/10/24 |
205 | 195,834 | ||||||
2.60%, 03/07/24 |
2,605 | 2,528,700 | ||||||
2.65%, 06/24/24(a) |
2,610 | 2,518,493 | ||||||
3.35%, 06/12/24 |
2,380 | 2,324,475 | ||||||
3.45%, 01/10/24 |
1,292 | 1,272,052 | ||||||
Westinghouse Air Brake Technologies Corp., 4.40%, 03/15/24 (Call 02/15/24) |
4,318 | 4,234,576 | ||||||
|
|
|||||||
42,209,590 | ||||||||
Manufacturing — 1.3% | ||||||||
3M Co., 3.25%, 02/14/24 (Call 01/14/24)(a) |
5,362 | 5,246,610 | ||||||
Carlisle Companies Inc., 3.50%, 12/01/24 (Call 10/01/24) |
2,290 | 2,194,049 | ||||||
Illinois Tool Works Inc., 3.50%, 03/01/24 (Call 12/01/23) |
3,748 | 3,683,909 | ||||||
Parker-Hannifin
Corp. |
3,032 | 2,905,262 | ||||||
3.30%, 11/21/24 (Call 08/21/24) |
1,816 | 1,751,877 | ||||||
3.65%, 06/15/24(a) |
5,920 | 5,760,101 | ||||||
Textron Inc., 4.30%, 03/01/24 (Call 12/01/23) |
1,871 | 1,846,864 | ||||||
Trane Technologies Luxembourg Finance SA, 3.55%, 11/01/24 (Call 08/01/24)(a) |
2,304 | 2,223,844 | ||||||
|
|
|||||||
25,612,516 | ||||||||
Media — 1.9% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.50%, 02/01/24 (Call 01/01/24) |
5,841 | 5,750,932 | ||||||
Comcast Corp., 3.70%, 04/15/24 (Call 03/15/24) |
11,106 | 10,899,873 | ||||||
Discovery
Communications LLC |
1,724 | 1,675,866 | ||||||
3.90%, 11/15/24 (Call 08/15/24)(a) |
2,251 | 2,158,574 | ||||||
Fox Corp., 4.03%, 01/25/24 (Call 12/25/23) |
6,079 | 5,974,684 | ||||||
Walt
Disney Co. (The) |
6,707 | 6,338,048 | ||||||
3.70%, 09/15/24 (Call 06/15/24) |
3,736 | 3,647,980 | ||||||
|
|
|||||||
36,445,957 | ||||||||
Metal Fabricate & Hardware — 0.0% | ||||||||
Timken
Co. (The), 3.88%, 09/01/24 |
821 | 797,897 | ||||||
|
|
40 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Mining — 0.3% | ||||||||
Freeport-McMoRan Inc., 4.55%, 11/14/24 (Call 08/14/24) |
$ | 2,861 | $ | 2,811,218 | ||||
Kinross Gold Corp., 5.95%, 03/15/24 (Call 12/15/23) |
3,511 | 3,510,930 | ||||||
|
|
|||||||
6,322,148 | ||||||||
Office & Business Equipment — 0.1% | ||||||||
CDW LLC/CDW Finance Corp., 5.50%, 12/01/24 (Call 06/01/24) |
2,480 | 2,453,489 | ||||||
|
|
|||||||
Oil & Gas — 2.6% | ||||||||
Canadian Natural Resources Ltd., 3.80%, 04/15/24 (Call 01/15/24)(a) |
2,606 | 2,544,029 | ||||||
Chevron Corp., 2.90%, 03/03/24 (Call 01/03/24) |
5,433 | 5,306,900 | ||||||
Chevron USA Inc., 3.90%, 11/15/24 (Call 08/15/24)(a) |
3,682 | 3,615,614 | ||||||
ConocoPhillips
Co. |
1,385 | 1,333,727 | ||||||
3.35%, 11/15/24 (Call 08/15/24)(a) |
600 | 583,758 | ||||||
Continental Resources Inc./OK, 3.80%, 06/01/24 (Call 03/01/24)(a) |
4,665 | 4,503,638 | ||||||
Devon Energy Corp., 5.25%, 09/15/24 (Call 06/15/24) |
2,287 | 2,285,216 | ||||||
Exxon
Mobil Corp. |
5,368 | 5,115,704 | ||||||
3.18%, 03/15/24 (Call 12/15/23)(a) |
3,743 | 3,666,044 | ||||||
Hess Corp., 3.50%, 07/15/24 (Call 04/15/24) |
1,306 | 1,259,441 | ||||||
Marathon Petroleum Corp., 3.63%, 09/15/24 (Call 06/15/24) |
3,671 | 3,547,030 | ||||||
Phillips
66, 0.90%, 02/15/24 |
1,880 | 1,780,059 | ||||||
Phillips 66 Co., 2.45%, 12/15/24 (Call 11/15/24)(c) |
992 | 927,451 | ||||||
Shell International Finance BV, 2.00%, 11/07/24 (Call 10/07/24)(a) |
5,125 | 4,860,345 | ||||||
TotalEnergies
Capital International SA |
4,587 | 4,514,204 | ||||||
3.75%, 04/10/24(a) |
5,789 | 5,705,928 | ||||||
|
|
|||||||
51,549,088 | ||||||||
Packaging & Containers — 0.4% | ||||||||
Berry Global Inc., 0.95%, 02/15/24 (Call 01/15/24) |
3,644 | 3,430,607 | ||||||
Packaging Corp. of America, 3.65%, 09/15/24 (Call 06/15/24) |
1,701 | 1,646,993 | ||||||
WRKCo Inc., 3.00%, 09/15/24 (Call 07/15/24)(a) |
2,949 | 2,803,939 | ||||||
|
|
|||||||
7,881,539 | ||||||||
Pharmaceuticals — 5.0% | ||||||||
AbbVie
Inc. |
15,173 | 14,424,212 | ||||||
3.85%, 06/15/24 (Call 03/15/24) |
4,409 | 4,318,792 | ||||||
AmerisourceBergen Corp., 3.40%, 05/15/24 (Call 02/15/24) |
2,228 | 2,167,666 | ||||||
Astrazeneca Finance LLC, 0.70%, 05/28/24 (Call 12/01/22) |
6,884 | 6,431,102 | ||||||
Becton
Dickinson and Co. |
4,800 | 4,659,456 | ||||||
3.73%, 12/15/24 (Call 09/15/24) |
3,434 | 3,335,788 | ||||||
Bristol-Myers
Squibb Co. |
10,544 | 10,202,691 | ||||||
3.63%, 05/15/24 (Call 02/15/24)(a) |
1,950 | 1,913,262 | ||||||
Cardinal
Health Inc. |
3,899 | 3,752,982 | ||||||
3.50%, 11/15/24 (Call 08/15/24)(a) |
1,832 | 1,763,556 | ||||||
Cigna
Corp. |
2,665 | 2,508,911 | ||||||
3.50%, 06/15/24 (Call 03/17/24) |
3,594 | 3,500,736 | ||||||
CVS
Health Corp. |
4,866 | 4,660,655 | ||||||
3.38%, 08/12/24 (Call 05/12/24) |
3,395 | 3,296,885 | ||||||
GlaxoSmithKline Capital PLC, 3.00%, 06/01/24 (Call 05/01/24)(a) |
5,032 | 4,885,317 |
Security | Par (000) |
Value | ||||||
Pharmaceuticals (continued) | ||||||||
McKesson Corp., 3.80%, 03/15/24 (Call 12/15/23) |
$ | 4,333 | $ | 4,257,779 | ||||
Merck & Co. Inc., 2.90%, 03/07/24 (Call 02/07/24)(a) |
4,126 | 4,021,818 | ||||||
Novartis Capital Corp., 3.40%, 05/06/24(a) |
8,987 | 8,813,191 | ||||||
Pfizer
Inc. |
2,948 | 2,879,518 | ||||||
3.40%, 05/15/24(a) |
3,977 | 3,895,193 | ||||||
Wyeth LLC, 6.45%, 02/01/24 |
2,261 | 2,300,138 | ||||||
|
|
|||||||
97,989,648 | ||||||||
Pipelines — 3.7% | ||||||||
Boardwalk Pipelines LP, 4.95%, 12/15/24 (Call 09/15/24) |
2,559 | 2,517,826 | ||||||
Cheniere Corpus Christi Holdings LLC, 7.00%, 06/30/24 (Call 01/01/24) |
5,925 | 5,999,655 | ||||||
Enbridge
Inc. |
1,490 | 1,432,218 | ||||||
3.50%, 06/10/24 (Call 03/10/24) |
2,621 | 2,540,955 | ||||||
Energy
Transfer LP |
1,999 | 1,940,889 | ||||||
4.25%, 04/01/24 (Call 01/01/24)(a) |
2,085 | 2,034,710 | ||||||
4.50%, 04/15/24 (Call 03/15/24) |
2,617 | 2,570,967 | ||||||
4.90%, 02/01/24 (Call 11/01/23) |
1,504 | 1,488,223 | ||||||
5.88%, 01/15/24 (Call 10/15/23) |
3,836 | 3,842,866 | ||||||
Enterprise Products Operating LLC, 3.90%, 02/15/24 (Call 11/15/23) |
5,062 | 4,967,999 | ||||||
Kinder
Morgan Energy Partners LP |
2,789 | 2,741,977 | ||||||
4.25%, 09/01/24 (Call 06/01/24) |
2,782 | 2,718,654 | ||||||
4.30%, 05/01/24 (Call 02/01/24) |
2,616 | 2,568,650 | ||||||
MPLX LP, 4.88%, 12/01/24 (Call 09/01/24) |
5,276 | 5,190,687 | ||||||
ONEOK
Inc., 2.75%, 09/01/24 |
2,628 | 2,494,681 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 3.60%, 11/01/24 (Call 08/01/24)(a) |
3,235 | 3,097,707 | ||||||
Sabine Pass Liquefaction LLC, 5.75%, 05/15/24 (Call 02/15/24) |
8,615 | 8,606,557 | ||||||
Spectra Energy Partners LP, 4.75%, 03/15/24 (Call 12/15/23)(a) |
4,023 | 3,987,839 | ||||||
TransCanada PipeLines Ltd., 1.00%, 10/12/24 (Call 09/12/24) |
2,280 | 2,093,884 | ||||||
Williams
Companies Inc. (The) |
5,394 | 5,311,364 | ||||||
4.55%, 06/24/24 (Call 03/24/24) |
5,025 | 4,942,992 | ||||||
|
|
|||||||
73,091,300 | ||||||||
Real Estate Investment Trusts — 3.6% | ||||||||
American
Tower Corp. |
2,007 | 1,897,237 | ||||||
3.38%, 05/15/24 (Call 04/15/24) |
2,950 | 2,858,875 | ||||||
5.00%, 02/15/24(a) |
4,492 | 4,469,001 | ||||||
AvalonBay Communities Inc., 3.50%, 11/15/24 (Call 08/15/24)(a) |
1,462 | 1,412,687 | ||||||
Boston Properties LP, 3.80%, 02/01/24 (Call 11/01/23) |
3,366 | 3,280,335 | ||||||
Brandywine Operating Partnership LP, 4.10%, 10/01/24 (Call 07/01/24)(a) |
909 | 869,104 | ||||||
Brixmor Operating Partnership LP, 3.65%, 06/15/24 (Call 04/15/24) |
2,160 | 2,082,586 | ||||||
Crown Castle Inc., 3.20%, 09/01/24 (Call 07/01/24)(a) |
4,434 | 4,272,115 | ||||||
Equinix Inc., 2.63%, 11/18/24 (Call 10/18/24) |
4,915 | 4,628,947 | ||||||
Essex Portfolio LP, 3.88%, 05/01/24 (Call 02/01/24) |
1,325 | 1,291,809 | ||||||
Federal Realty Investment Trust, 3.95%, 01/15/24 (Call 10/15/23)(a) |
1,735 | 1,702,313 | ||||||
GLP Capital LP/GLP Financing II Inc., 3.35%, 09/01/24(a) |
2,245 | 2,103,834 | ||||||
Host Hotels & Resorts LP, 3.88%, 04/01/24 (Call 02/01/24) |
2,549 | 2,470,924 | ||||||
Kilroy Realty LP, 3.45%, 12/15/24 (Call 09/15/24)(a) |
1,741 | 1,645,210 |
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 (continued) October 31, 2022 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
Kimco Realty Corp., 2.70%, 03/01/24 (Call 01/01/24) |
$ | 1,549 | $ | 1,491,548 | ||||
Mid-America Apartments LP, 3.75%, 06/15/24 |
1,020 | 992,980 | ||||||
National Retail Properties Inc., 3.90%, 06/15/24 (Call 03/15/24) |
1,878 | 1,829,510 | ||||||
Office Properties Income Trust, 4.25%, 05/15/24 (Call 02/15/24)(a) |
1,717 | 1,566,951 | ||||||
Omega Healthcare Investors Inc., 4.95%, 04/01/24 (Call 01/01/24)(a) |
1,550 | 1,525,743 | ||||||
Piedmont Operating Partnership LP, 4.45%, 03/15/24 (Call 12/15/23)(a) |
1,326 | 1,300,461 | ||||||
Realty
Income Corp. |
1,910 | 1,867,732 | ||||||
4.60%, 02/06/24 (Call 11/06/23)(a) |
2,972 | 2,950,899 | ||||||
Simon
Property Group LP |
4,350 | 4,088,521 | ||||||
3.38%, 10/01/24 (Call 07/01/24)(a) |
3,873 | 3,727,762 | ||||||
3.75%, 02/01/24 (Call 11/01/23) |
2,638 | 2,589,223 | ||||||
Ventas
Realty LP |
1,965 | 1,906,875 | ||||||
3.75%, 05/01/24 (Call 02/01/24) |
1,740 | 1,690,967 | ||||||
Welltower
Inc. |
4,451 | 4,326,105 | ||||||
4.50%, 01/15/24 (Call 10/15/23)(a) |
1,581 | 1,561,775 | ||||||
WP Carey Inc., 4.60%, 04/01/24 (Call 01/01/24)(a) |
2,127 | 2,093,861 | ||||||
|
|
|||||||
70,495,890 | ||||||||
Retail — 2.2% | ||||||||
AutoNation Inc., 3.50%, 11/15/24 (Call 09/15/24) |
2,389 | 2,295,017 | ||||||
AutoZone Inc., 3.13%, 04/18/24 (Call 03/18/24) |
2,489 | 2,410,646 | ||||||
Costco Wholesale Corp., 2.75%, 05/18/24 (Call 03/18/24)(a) |
4,927 | 4,785,743 | ||||||
Dollar General Corp., 4.25%, 09/20/24(a) |
1,385 | 1,360,984 | ||||||
Home Depot Inc. (The), 3.75%, 02/15/24 (Call 11/15/23) |
6,271 | 6,202,333 | ||||||
Lowe’s Companies Inc., 3.13%, 09/15/24 (Call 06/15/24) |
2,805 | 2,708,031 | ||||||
McDonald’s Corp., 3.25%, 06/10/24(a) |
3,875 | 3,773,320 | ||||||
Target Corp., 3.50%, 07/01/24(a) |
6,196 | 6,063,901 | ||||||
Walmart
Inc. |
2,365 | 2,270,849 | ||||||
2.85%, 07/08/24 (Call 06/08/24)(a) |
6,095 | 5,914,649 | ||||||
3.30%, 04/22/24 (Call 01/22/24)(a) |
6,027 | 5,905,014 | ||||||
|
|
|||||||
43,690,487 | ||||||||
Semiconductors — 2.4% | ||||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.63%, 01/15/24 (Call 11/15/23) |
5,232 | 5,125,006 | ||||||
Broadcom Inc., 3.63%, 10/15/24 (Call 09/15/24)(a) |
2,397 | 2,317,947 | ||||||
Intel
Corp. |
90 | 86,856 | ||||||
2.88%, 05/11/24 (Call 03/11/24) |
6,424 | 6,232,629 | ||||||
KLA
Corp., 4.65%, 11/01/24 |
2,085 | 2,075,055 | ||||||
Microchip
Technology Inc. |
6,755 | 6,356,995 | ||||||
0.98%, 09/01/24 |
3,630 | 3,331,469 | ||||||
NVIDIA Corp., 0.58%, 06/14/24 (Call 06/14/23) |
3,120 | 2,910,835 | ||||||
NXP BV/NXP Funding LLC, 4.88%, 03/01/24 (Call 02/01/24)(a) |
5,163 | 5,104,606 | ||||||
Qorvo
Inc., 1.75%, 12/15/24 |
2,720 | 2,493,152 | ||||||
QUALCOMM Inc., 2.90%, 05/20/24 (Call 03/20/24)(a) |
4,578 | 4,437,822 | ||||||
Texas Instruments Inc., 2.63%, 05/15/24 (Call 03/15/24) |
2,410 | 2,330,856 | ||||||
Xilinx Inc., 2.95%, 06/01/24 (Call 04/01/24) |
4,572 | 4,426,427 | ||||||
|
|
|||||||
47,229,655 |
Security | Par (000) |
Value | ||||||
Software — 2.7% | ||||||||
Cadence Design Systems Inc., 4.38%, 10/15/24 (Call 07/15/24)(a) |
$ | 915 | $ | 900,360 | ||||
Fidelity National Information Services Inc., 0.60%, 03/01/24 |
4,310 | 4,050,495 | ||||||
Fiserv Inc., 2.75%, 07/01/24 (Call 06/01/24) |
8,147 | 7,792,605 | ||||||
Microsoft Corp., 2.88%, 02/06/24 (Call 12/06/23)(a) |
8,287 | 8,107,752 | ||||||
Oracle
Corp. |
8,003 | 7,639,504 | ||||||
3.40%, 07/08/24 (Call 04/08/24)(a) |
8,336 | 8,086,504 | ||||||
Roper Technologies Inc., 2.35%, 09/15/24 (Call 08/15/24) |
2,963 | 2,813,072 | ||||||
salesforce.com Inc., 0.63%, 07/15/24 (Call 12/01/22) |
4,750 | 4,424,198 | ||||||
Take-Two Interactive Software Inc., 3.30%, 03/28/24 |
4,180 | 4,058,278 | ||||||
VMware Inc., 1.00%, 08/15/24 (Call 12/01/22) |
5,530 | 5,101,867 | ||||||
|
|
|||||||
52,974,635 | ||||||||
Telecommunications — 1.4% | ||||||||
AT&T Inc., 0.90%, 03/25/24 (Call 11/14/22) |
6,957 | 6,571,860 | ||||||
Bell Telephone Co. of Canada or Bell Canada (The), Series US-3, 0.75%, 03/17/24 |
3,225 | 3,037,466 | ||||||
Cisco Systems Inc., 3.63%, 03/04/24 |
5,009 | 4,933,815 | ||||||
Motorola Solutions Inc., 4.00%, 09/01/24(a) |
307 | 299,389 | ||||||
Verizon
Communications Inc. |
4,750 | 4,485,520 | ||||||
3.50%, 11/01/24 (Call 08/01/24)(a) |
4,936 | 4,793,202 | ||||||
Vodafone Group PLC, 3.75%, 01/16/24(a) |
2,560 | 2,528,410 | ||||||
|
|
|||||||
26,649,662 | ||||||||
Toys, Games & Hobbies — 0.1% | ||||||||
Hasbro Inc., 3.00%, 11/19/24 (Call 10/19/24) |
2,212 | 2,102,528 | ||||||
|
|
|||||||
Transportation — 1.8% | ||||||||
Burlington
Northern Santa Fe LLC |
3,419 | 3,317,490 | ||||||
3.75%, 04/01/24 (Call 01/01/24)(a) |
2,416 | 2,373,720 | ||||||
Canadian National Railway Co., 2.95%, 11/21/24 (Call 08/21/24) |
1,605 | 1,534,187 | ||||||
Canadian Pacific Railway Co., 1.35%, 12/02/24 (Call 12/02/22)(a) |
6,435 | 5,941,886 | ||||||
CSX Corp., 3.40%, 08/01/24 (Call 05/01/24) |
3,329 | 3,235,655 | ||||||
Norfolk Southern Corp., 3.85%, 01/15/24 (Call 10/15/23)(a) |
2,550 | 2,512,184 | ||||||
Ryder
System Inc. |
2,496 | 2,359,394 | ||||||
3.65%, 03/18/24 (Call 02/18/24) |
3,005 | 2,933,691 | ||||||
Union
Pacific Corp. |
2,862 | 2,795,401 | ||||||
3.65%, 02/15/24 (Call 11/15/23)(a) |
2,086 | 2,050,914 | ||||||
3.75%, 03/15/24 (Call 12/15/23)(a) |
1,506 | 1,481,121 | ||||||
United
Parcel Service Inc. |
2,275 | 2,169,690 | ||||||
2.80%, 11/15/24 (Call 09/15/24) |
1,618 | 1,551,047 | ||||||
|
|
|||||||
34,256,380 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 4.35%, 02/15/24 (Call 01/15/24) |
1,933 | 1,903,251 | ||||||
|
|
|||||||
Water — 0.1% | ||||||||
American Water Capital Corp., 3.85%, 03/01/24 (Call 12/01/23)(a) |
1,500 | 1,471,530 | ||||||
|
|
|||||||
Total
Long-Term Investments — 98.9% |
1,933,676,186 | |||||||
|
|
42 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Shares (000) |
Value | ||||||
Short-Term Securities |
|
|||||||
Money Market Funds — 5.1% |
|
|||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(d)(e)(f) |
90,160 | $ | 90,141,694 | |||||
BlackRock
Cash Funds: Treasury, SL Agency Shares, |
8,885 | 8,885,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 5.1% |
|
99,026,694 | ||||||
|
|
|||||||
Total
Investments — 104.0% |
|
2,032,702,880 | ||||||
Liabilities in Excess of Other Assets — (4.0)% |
|
(78,628,884 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 1,954,073,996 | |||||
|
|
(a) |
All or a portion of this security is on loan. |
(b) |
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. |
(c) |
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. |
(d) |
Affiliate of the Fund. |
(e) |
Annualized 7-day yield as of period end. |
(f) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 62,300,093 | $ | 27,881,784 | (a) | $ | — | $ | (30,776 | ) | $ | (9,407 | ) | $ | 90,141,694 | 90,160 | $ | 220,929 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
4,395,000 | 4,490,000 | (a) | — | — | — | 8,885,000 | 8,885 | 91,097 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (30,776 | ) | $ | (9,407 | ) | $ | 99,026,694 | $ | 312,026 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 1,933,676,186 | $ | — | $ | 1,933,676,186 | ||||||||
Money Market Funds |
99,026,694 | — | — | 99,026,694 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 99,026,694 | $ | 1,933,676,186 | $ | — | $ | 2,032,702,880 | |||||||||
|
|
|
|
|
|
|
|
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 |
43 |
Schedule of Investments October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Corporate Bonds & Notes |
| |||||||
Aerospace & Defense — 1.8% |
| |||||||
Boeing Co. (The) |
||||||||
2.60%, 10/30/25 (Call 07/30/25) |
$ | 865 | $ | 789,174 | ||||
4.88%, 05/01/25 (Call 04/01/25) |
9,467 | 9,247,176 | ||||||
General Dynamics Corp. |
||||||||
3.25%, 04/01/25 (Call 03/01/25) |
3,093 | 2,973,765 | ||||||
3.50%, 05/15/25 (Call 03/15/25) |
2,757 | 2,670,927 | ||||||
L3Harris Technologies Inc., 3.83%, 04/27/25 (Call 01/27/25)(a) |
2,272 | 2,181,688 | ||||||
Lockheed Martin Corp., 4.95%, 10/15/25(a) |
100 | 100,093 | ||||||
Northrop Grumman Corp., 2.93%, 01/15/25 (Call 11/15/24)(a) |
4,577 | 4,363,117 | ||||||
Raytheon Technologies Corp., 3.95%, 08/16/25 (Call 06/16/25)(a) |
4,690 | 4,549,628 | ||||||
|
|
|||||||
26,875,568 | ||||||||
Agriculture — 1.1% | ||||||||
Altria Group Inc., 2.35%, 05/06/25 (Call 04/06/25) |
2,507 | 2,314,262 | ||||||
Bunge Ltd. Finance Corp., 1.63%, 08/17/25 (Call 07/17/25) |
1,905 | 1,708,309 | ||||||
Philip Morris International Inc. |
||||||||
1.50%, 05/01/25 (Call 04/01/25)(a) |
2,427 | 2,211,628 | ||||||
3.38%, 08/11/25 (Call 05/11/25) |
2,303 | 2,186,077 | ||||||
Reynolds American Inc., 4.45%, 06/12/25 (Call 03/12/25)(a) |
7,450 | 7,190,963 | ||||||
|
|
|||||||
15,611,239 | ||||||||
Airlines — 0.3% | ||||||||
Southwest Airlines Co., 5.25%, 05/04/25 (Call 04/04/25)(a) |
4,004 | 3,986,102 | ||||||
United Airlines Pass Through Trust, Series 2013-1, Class A, 4.30%, 02/15/27 |
584 | 535,446 | ||||||
|
|
|||||||
4,521,548 | ||||||||
Apparel — 0.7% | ||||||||
NIKE
Inc., 2.40%, 03/27/25 |
3,949 | 3,732,990 | ||||||
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25) |
1,649 | 1,568,347 | ||||||
Ralph
Lauren Corp., 3.75%, 09/15/25 |
1,565 | 1,514,341 | ||||||
Tapestry Inc., 4.25%, 04/01/25 (Call 01/01/25)(a) |
515 | 498,360 | ||||||
VF Corp., 2.40%, 04/23/25 (Call 03/23/25)(a) |
2,627 | 2,433,653 | ||||||
|
|
|||||||
9,747,691 | ||||||||
Auto Manufacturers — 3.8% | ||||||||
American Honda Finance Corp. |
||||||||
1.00%, 09/10/25(a) |
2,283 | 2,035,158 | ||||||
1.20%, 07/08/25(a) |
2,160 | 1,948,622 | ||||||
1.50%, 01/13/25(a) |
2,530 | 2,346,853 | ||||||
Cummins Inc., 0.75%, 09/01/25 (Call 08/01/25)(a) |
1,854 | 1,650,968 | ||||||
General Motors Co. |
||||||||
4.00%, 04/01/25(a) |
1,245 | 1,193,507 | ||||||
6.13%, 10/01/25 (Call 09/01/25) |
5,620 | 5,598,026 | ||||||
General Motors Financial Co. Inc. |
||||||||
2.75%, 06/20/25 (Call 05/20/25) |
3,200 | 2,944,096 | ||||||
2.90%, 02/26/25 (Call 01/26/25) |
3,576 | 3,337,123 | ||||||
3.80%, 04/07/25(a) |
3,040 | 2,875,445 | ||||||
4.00%, 01/15/25 (Call 10/15/24) |
2,415 | 2,322,554 | ||||||
4.30%, 07/13/25 (Call 04/13/25) |
1,968 | 1,874,776 | ||||||
4.35%, 04/09/25 (Call 02/09/25) |
2,633 | 2,526,206 | ||||||
6.05%, 10/10/25(a) |
3,050 | 3,026,423 | ||||||
Honda Motor Co. Ltd., 2.27%, 03/10/25 (Call 02/10/25)(a) |
1,725 | 1,619,240 | ||||||
PACCAR Financial Corp. |
||||||||
1.80%, 02/06/25 |
918 | 856,567 | ||||||
2.85%, 04/07/25(a) |
950 | 904,343 | ||||||
3.55%, 08/11/25 |
535 | 517,639 |
Security |
Par |
Value | ||||||
Auto Manufacturers (continued) | ||||||||
4.95%, 10/03/25 |
$ | 40 | $ | 39,990 | ||||
Toyota Motor Credit Corp. |
||||||||
0.80%, 10/16/25 |
2,541 | 2,246,473 | ||||||
1.45%, 01/13/25 |
2,780 | 2,577,032 | ||||||
1.80%, 02/13/25(a) |
3,574 | 3,333,077 | ||||||
3.00%, 04/01/25(a) |
3,218 | 3,068,524 | ||||||
3.40%, 04/14/25(a) |
1,185 | 1,140,610 | ||||||
3.65%, 08/18/25 |
2,320 | 2,233,789 | ||||||
3.95%, 06/30/25(a) |
3,445 | 3,357,394 | ||||||
|
|
|||||||
55,574,435 | ||||||||
Auto Parts & Equipment — 0.5% | ||||||||
Aptiv PLC/Aptiv Corp., 2.40%, 02/18/25 (Call 02/18/23)(a) |
2,885 | 2,688,474 | ||||||
BorgWarner
Inc., 3.38%, 03/15/25 |
2,501 | 2,389,280 | ||||||
Magna International Inc., 4.15%, 10/01/25 (Call 07/01/25) |
2,492 | 2,421,676 | ||||||
|
|
|||||||
7,499,430 | ||||||||
Banks — 23.8% | ||||||||
Australia & New Zealand Banking Group Ltd./New York NY, 3.70%, 11/16/25 |
2,527 | 2,424,682 | ||||||
Banco Bilbao Vizcaya Argentaria SA, 1.13%, 09/18/25 |
3,260 | 2,847,349 | ||||||
Banco Santander SA |
||||||||
2.75%, 05/28/25 |
4,450 | 4,040,422 | ||||||
3.50%, 03/24/25 |
3,275 | 3,109,940 | ||||||
5.15%, 08/18/25(a) |
4,600 | 4,424,694 | ||||||
5.18%, 11/19/25 |
4,089 | 3,886,308 | ||||||
Bank of America Corp. |
||||||||
3.88%, 08/01/25 |
4,717 | 4,558,084 | ||||||
4.00%, 01/22/25 |
7,279 | 7,019,504 | ||||||
Series L, 3.95%, 04/21/25 |
7,278 | 6,969,631 | ||||||
Bank of Montreal |
||||||||
1.50%, 01/10/25 |
4,005 | 3,677,351 | ||||||
1.85%, 05/01/25(a) |
4,388 | 4,029,237 | ||||||
3.70%, 06/07/25(a) |
4,600 | 4,406,524 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
1.60%, 04/24/25 (Call 03/24/25) |
4,033 | 3,693,058 | ||||||
3.35%, 04/25/25 (Call 03/25/25)(a) |
3,615 | 3,476,256 | ||||||
3.95%, 11/18/25 (Call 10/18/25)(a) |
1,201 | 1,161,355 | ||||||
Series G, 3.00%, 02/24/25 (Call 01/24/25) |
2,301 | 2,196,120 | ||||||
Bank of Nova Scotia (The) |
||||||||
1.30%, 06/11/25(a) |
3,527 | 3,167,705 | ||||||
1.45%, 01/10/25 |
2,875 | 2,634,133 | ||||||
2.20%, 02/03/25 |
4,069 | 3,787,954 | ||||||
3.45%, 04/11/25 |
3,905 | 3,716,467 | ||||||
BankUnited Inc., 4.88%, 11/17/25 (Call 08/17/25) |
1,644 | 1,585,375 | ||||||
Barclays PLC, 3.65%, 03/16/25 |
6,301 | 5,861,127 | ||||||
Canadian Imperial Bank of Commerce |
||||||||
0.95%, 10/23/25(a) |
2,134 | 1,871,134 | ||||||
2.25%, 01/28/25 |
3,642 | 3,395,728 | ||||||
3.30%, 04/07/25 |
1,650 | 1,568,375 | ||||||
3.95%, 08/04/25 |
4,370 | 4,196,380 | ||||||
Citigroup Inc. |
||||||||
3.30%, 04/27/25(a) |
4,427 | 4,202,197 | ||||||
3.88%, 03/26/25(a) |
3,237 | 3,097,323 | ||||||
4.40%, 06/10/25 |
6,351 | 6,151,071 | ||||||
5.50%, 09/13/25 |
3,986 | 3,951,681 | ||||||
Citizens Bank NA/Providence RI, 2.25%, 04/28/25 (Call 03/28/25) |
2,176 | 2,002,377 | ||||||
Citizens Financial Group Inc., 4.30%, 12/03/25 (Call 11/03/25) |
1,547 | 1,468,706 | ||||||
Comerica Bank, 4.00%, 07/27/25 |
750 | 711,060 | ||||||
Cooperatieve Rabobank UA, 4.38%, 08/04/25 |
5,444 | 5,150,514 |
44 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Banks (continued) |
||||||||
Cooperatieve
Rabobank UA/NY |
$ | 840 | $ | 771,414 | ||||
3.38%, 05/21/25(a) |
2,340 | 2,235,191 | ||||||
Credit
Suisse AG/New York NY |
4,328 | 3,873,084 | ||||||
3.70%, 02/21/25 |
5,765 | 5,274,744 | ||||||
Credit Suisse Group AG, 3.75%, 03/26/25 |
6,311 | 5,658,821 | ||||||
Deutsche Bank AG, 4.50%, 04/01/25 |
900 | 836,523 | ||||||
Deutsche Bank AG/New York NY, 4.16%, 05/13/25(a) |
2,085 | 1,989,861 | ||||||
Fifth Third Bancorp., 2.38%, 01/28/25 |
3,509 | 3,267,897 | ||||||
Fifth Third Bank NA, 3.95%, 07/28/25 (Call 06/28/25) |
1,740 | 1,681,101 | ||||||
First Horizon Corp., 4.00%, 05/26/25 (Call 04/26/25)(a) |
965 | 923,997 | ||||||
FNB Corp., 5.15%, 08/25/25 (Call 07/25/25) |
500 | 489,675 | ||||||
Goldman
Sachs Group Inc. (The) |
6,487 | 6,209,097 | ||||||
3.50%, 04/01/25 (Call 03/01/25) |
9,408 | 8,911,916 | ||||||
3.75%, 05/22/25 (Call 02/22/25) |
6,240 | 5,943,974 | ||||||
4.25%, 10/21/25 |
5,474 | 5,239,658 | ||||||
HSBC Holdings PLC, 4.25%, 08/18/25 |
4,368 | 4,068,443 | ||||||
Huntington Bancshares Inc./OH, 4.00%, 05/15/25 (Call 04/15/25) |
2,115 | 2,037,739 | ||||||
JPMorgan
Chase & Co. |
7,521 | 7,196,469 | ||||||
3.90%, 07/15/25 (Call 04/15/25)(a) |
7,714 | 7,454,655 | ||||||
7.75%, 07/15/25(a) |
565 | 602,024 | ||||||
KeyBank
NA/Cleveland OH |
2,628 | 2,498,676 | ||||||
4.15%, 08/08/25 |
1,120 | 1,082,547 | ||||||
KeyCorp, 4.15%, 10/29/25 |
1,733 | 1,672,276 | ||||||
Lloyds Bank PLC, 3.50%, 05/14/25 |
425 | 400,537 | ||||||
Lloyds
Banking Group PLC |
5,133 | 4,921,828 | ||||||
4.58%, 12/10/25 |
4,227 | 3,873,792 | ||||||
Manufacturers & Traders Trust Co., 2.90%, 02/06/25 (Call 01/06/25) |
2,932 | 2,781,647 | ||||||
Mitsubishi
UFJ Financial Group Inc. |
5,390 | 4,811,599 | ||||||
2.19%, 02/25/25 |
7,796 | 7,193,213 | ||||||
3.78%, 03/02/25 |
2,287 | 2,195,017 | ||||||
Morgan
Stanley |
9,266 | 8,923,529 | ||||||
5.00%, 11/24/25 |
6,041 | 5,944,042 | ||||||
National Australia Bank Ltd./New York, 3.50%, 06/09/25 |
780 | 749,603 | ||||||
Northern Trust Corp., 3.95%, 10/30/25 |
3,517 | 3,399,849 | ||||||
PNC
Bank NA |
2,452 | 2,333,446 | ||||||
3.25%, 06/01/25 (Call 05/02/25) |
2,331 | 2,216,105 | ||||||
3.88%, 04/10/25 (Call 03/10/25) |
2,022 | 1,945,285 | ||||||
4.20%, 11/01/25 |
1,495 | 1,442,421 | ||||||
Regions Financial Corp., 2.25%, 05/18/25 (Call 04/18/25) |
3,232 | 2,981,811 | ||||||
Royal
Bank of Canada |
5,282 | 4,742,972 | ||||||
1.60%, 01/21/25 |
2,185 | 2,014,461 | ||||||
3.38%, 04/14/25(a) |
3,580 | 3,419,115 | ||||||
Santander
Holdings USA Inc. |
3,236 | 3,027,666 | ||||||
4.50%, 07/17/25 (Call 04/17/25) |
3,484 | 3,334,641 | ||||||
State Street Corp., 3.55%, 08/18/25(a) |
5,379 | 5,171,371 | ||||||
Sumitomo Mitsui Banking Corp., 3.65%, 07/23/25(a) |
780 | 741,445 |
Security |
Par |
Value | ||||||
Banks (continued) |
||||||||
Sumitomo
Mitsui Financial Group Inc. |
$ | 7,674 | $ | 6,851,961 | ||||
2.35%, 01/15/25 |
4,474 | 4,166,770 | ||||||
SVB Financial Group, 3.50%, 01/29/25(a) |
1,237 | 1,175,348 | ||||||
Synchrony Bank, 5.40%, 08/22/25 (Call 07/22/25) |
1,235 | 1,193,220 | ||||||
Synovus Financial Corp., 5.20%, 08/11/25 (Call 07/11/25) |
340 | 330,993 | ||||||
Toronto-Dominion
Bank (The) |
3,138 | 2,752,873 | ||||||
1.15%, 06/12/25 |
2,569 | 2,301,567 | ||||||
1.45%, 01/10/25 |
3,240 | 2,981,869 | ||||||
3.77%, 06/06/25 |
5,045 | 4,844,865 | ||||||
Truist
Bank |
3,443 | 3,147,212 | ||||||
3.63%, 09/16/25 (Call 08/16/25) |
3,302 | 3,125,112 | ||||||
4.05%, 11/03/25 (Call 09/03/25) |
1,280 | 1,233,498 | ||||||
Truist
Financial Corp. |
1,889 | 1,686,027 | ||||||
3.70%, 06/05/25 (Call 05/05/25)(a) |
2,865 | 2,748,939 | ||||||
4.00%, 05/01/25 (Call 03/01/25)(a) |
2,510 | 2,431,788 | ||||||
U.S.
Bancorp. |
4,517 | 4,127,951 | ||||||
3.95%, 11/17/25 (Call 10/17/25) |
2,717 | 2,623,943 | ||||||
U.S.
Bank NA/Cincinnati OH |
3,151 | 2,944,547 | ||||||
2.80%, 01/27/25 (Call 12/27/24)(a) |
1,743 | 1,658,325 | ||||||
Wells
Fargo & Co. |
8,109 | 7,663,573 | ||||||
3.55%, 09/29/25(a) |
7,452 | 7,062,037 | ||||||
Westpac
Banking Corp. |
3,521 | 3,311,430 | ||||||
3.74%, 08/26/25 |
2,095 | 2,021,151 | ||||||
|
|
|||||||
351,309,998 | ||||||||
Beverages — 1.4% |
| |||||||
Brown-Forman Corp., 3.50%, 04/15/25 (Call 02/15/25) |
1,249 | 1,205,497 | ||||||
Coca-Cola Consolidated Inc., 3.80%, 11/25/25 (Call 08/25/25) |
1,098 | 1,052,708 | ||||||
Constellation
Brands Inc. |
1,795 | 1,750,269 | ||||||
4.75%, 12/01/25(a) |
1,055 | 1,042,973 | ||||||
Diageo
Capital PLC |
2,300 | 2,074,876 | ||||||
5.20%, 10/24/25 |
1,500 | 1,505,145 | ||||||
Keurig
Dr Pepper Inc. |
2,143 | 2,034,971 | ||||||
4.42%, 05/25/25 (Call 03/25/25)(a) |
1,202 | 1,185,064 | ||||||
PepsiCo
Inc. |
4,491 | 4,230,297 | ||||||
2.75%, 04/30/25 (Call 01/30/25) |
2,592 | 2,462,322 | ||||||
3.50%, 07/17/25 (Call 04/17/25) |
1,856 | 1,794,121 | ||||||
|
|
|||||||
20,338,243 | ||||||||
Biotechnology — 1.4% |
| |||||||
Amgen
Inc. |
1,997 | 1,864,260 | ||||||
3.13%, 05/01/25 (Call 02/01/25)(a) |
2,692 | 2,574,898 | ||||||
Baxalta Inc., 4.00%, 06/23/25 (Call 03/23/25) |
3,079 | 2,984,783 | ||||||
Biogen Inc., 4.05%, 09/15/25 (Call 06/15/25) |
5,208 | 5,016,137 | ||||||
Gilead Sciences Inc., 3.50%, 02/01/25 (Call 11/01/24) |
5,423 | 5,235,852 | ||||||
Royalty Pharma PLC, 1.20%, 09/02/25 (Call 08/02/25)(a) |
3,013 | 2,659,605 | ||||||
|
|
|||||||
20,335,535 |
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) October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Building Materials — 0.4% |
||||||||
Carrier Global Corp., 2.24%, 02/15/25 (Call 01/15/25) |
$ | 1,406 | $ | 1,309,337 | ||||
Fortune Brands Home & Security Inc., 4.00%, 06/15/25 (Call 03/15/25) |
1,999 | 1,915,362 | ||||||
Lennox International Inc., 1.35%, 08/01/25 (Call 07/01/25) |
1,519 | 1,348,720 | ||||||
Vulcan Materials Co., 4.50%, 04/01/25 (Call 01/01/25)(a) |
937 | 920,809 | ||||||
|
|
|||||||
5,494,228 | ||||||||
Chemicals — 1.4% |
| |||||||
Air Products and Chemicals Inc., 1.50%, 10/15/25 (Call 09/15/25)(a) |
1,637 | 1,484,595 | ||||||
Celanese U.S. Holdings LLC, 6.05%, 03/15/25 |
5,120 | 4,980,326 | ||||||
DuPont de Nemours Inc., 4.49%, 11/15/25 |
5,400 | 5,292,054 | ||||||
Eastman Chemical Co., 3.80%, 03/15/25 (Call 12/15/24) |
2,169 | 2,079,355 | ||||||
EI du Pont de Nemours and Co., 1.70%, 07/15/25 (Call 06/15/25) |
1,828 | 1,674,430 | ||||||
Linde Inc./CT, 2.65%, 02/05/25 (Call 11/05/24) |
1,392 | 1,322,414 | ||||||
LYB International Finance III LLC, 1.25%, 10/01/25 (Call 09/01/25)(a) |
1,491 | 1,306,355 | ||||||
Nutrien Ltd., 3.00%, 04/01/25 (Call 01/01/25) |
1,578 | 1,493,009 | ||||||
Sherwin-Williams
Co. (The) |
1,181 | 1,125,788 | ||||||
4.25%, 08/08/25 |
440 | 428,063 | ||||||
|
|
|||||||
21,186,389 | ||||||||
Commercial Services — 1.2% |
| |||||||
Automatic Data Processing Inc., 3.38%, 09/15/25 (Call 06/15/25)(a) |
3,619 | 3,484,409 | ||||||
Block Financial LLC, 5.25%, 10/01/25 (Call 07/01/25)(a) |
1,090 | 1,070,435 | ||||||
Cintas Corp. No. 2, 3.45%, 05/01/25 (Call 04/01/25)(a) |
210 | 202,667 | ||||||
Equifax
Inc., 2.60%, 12/15/25 |
1,511 | 1,375,690 | ||||||
Global Payments Inc., 2.65%, 02/15/25 |
2,891 | 2,684,438 | ||||||
Moody’s Corp., 3.75%, 03/24/25 (Call 02/24/25)(a) |
2,277 | 2,203,703 | ||||||
PayPal Holdings Inc., 1.65%, 06/01/25 (Call 05/01/25) |
3,500 | 3,212,510 | ||||||
Verisk Analytics Inc., 4.00%, 06/15/25 (Call 03/15/25)(a) |
2,481 | 2,392,478 | ||||||
Yale University, Series 2020, 0.87%, 04/15/25 (Call 03/15/25)(a) |
1,600 | 1,456,272 | ||||||
|
|
|||||||
18,082,602 | ||||||||
Computers — 2.7% |
| |||||||
Apple
Inc. |
1,565 | 1,396,731 | ||||||
1.13%, 05/11/25 (Call 04/11/25) |
6,302 | 5,768,599 | ||||||
2.50%, 02/09/25(a) |
3,999 | 3,814,966 | ||||||
2.75%, 01/13/25 (Call 11/13/24)(a) |
3,762 | 3,611,558 | ||||||
3.20%, 05/13/25 |
5,071 | 4,885,249 | ||||||
Dell International LLC/EMC Corp., 5.85%, 07/15/25 (Call 06/15/25) |
3,161 | 3,167,322 | ||||||
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 (Call 07/15/25) |
7,100 | 6,982,424 | ||||||
HP Inc., 2.20%, 06/17/25 (Call 05/17/25)(a) |
3,928 | 3,610,421 | ||||||
International
Business Machines Corp. |
780 | 760,063 | ||||||
7.00%, 10/30/25(a) |
1,989 | 2,088,689 | ||||||
Leidos Inc., 3.63%, 05/15/25 (Call 04/15/25) |
1,436 | 1,367,129 | ||||||
NetApp Inc., 1.88%, 06/22/25 (Call 05/22/25) |
2,526 | 2,292,421 | ||||||
|
|
|||||||
39,745,572 | ||||||||
Cosmetics & Personal Care — 0.5% |
| |||||||
Colgate-Palmolive Co., 3.10%, 08/15/25(a) |
200 | 192,322 | ||||||
GSK Consumer Healthcare Capital U.K. PLC, 3.13%, 03/24/25 |
2,525 | 2,377,957 | ||||||
Procter & Gamble Co. (The), 0.55%, 10/29/25 |
3,093 | 2,736,470 |
Security |
Par |
Value | ||||||
Cosmetics & Personal Care (continued) |
| |||||||
Unilever
Capital Corp. |
$ | 960 | $ | 916,944 | ||||
3.38%,
03/22/25 |
1,243 | 1,199,818 | ||||||
|
|
|||||||
7,423,511 | ||||||||
Distribution & Wholesale — 0.1% |
| |||||||
WW Grainger Inc., 1.85%, 02/15/25 (Call 01/15/25) |
2,025 | 1,887,462 | ||||||
|
|
|||||||
Diversified Financial Services — 6.5% |
| |||||||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust |
2,875 | 2,696,894 | ||||||
4.45%,
10/01/25 |
1,688 | 1,588,627 | ||||||
6.50%,
07/15/25 |
3,460 | 3,413,809 | ||||||
Affiliated Managers Group Inc., 3.50%, 08/01/25 |
1,280 | 1,215,808 | ||||||
Air Lease Corp. |
||||||||
2.30%,
02/01/25 |
2,004 | 1,835,183 | ||||||
3.25%, 03/01/25 (Call 01/01/25) |
2,014 | 1,876,323 | ||||||
3.38%, 07/01/25 (Call 06/01/25) |
2,485 | 2,303,148 | ||||||
Ally
Financial Inc. |
2,164 | 2,110,917 | ||||||
5.80%,
05/01/25 |
2,378 | 2,377,001 | ||||||
American
Express Co. |
4,910 | 4,560,457 | ||||||
3.95%,
08/01/25 |
6,025 | 5,785,265 | ||||||
4.20%,
11/06/25 |
3,813 | 3,701,698 | ||||||
Ameriprise Financial Inc., 3.00%, 04/02/25 (Call 03/02/25) |
1,751 | 1,659,965 | ||||||
Capital
One Financial Corp. |
2,918 | 2,755,205 | ||||||
4.20%, 10/29/25 (Call 09/29/25) |
4,288 | 4,070,899 | ||||||
4.25%, 04/30/25 (Call 03/31/25) |
2,991 | 2,880,782 | ||||||
Charles
Schwab Corp. (The) |
1,522 | 1,449,051 | ||||||
3.63%, 04/01/25 (Call 01/01/25) |
1,285 | 1,244,947 | ||||||
3.85%, 05/21/25 (Call 03/21/25) |
2,745 | 2,665,313 | ||||||
4.20%, 03/24/25(a) |
1,491 | 1,468,814 | ||||||
CME Group Inc., 3.00%, 03/15/25 (Call 12/15/24) |
2,659 | 2,538,946 | ||||||
Discover Financial Services, 3.75%, 03/04/25 (Call 12/04/24) |
1,924 | 1,817,237 | ||||||
Franklin Resources Inc., 2.85%, 03/30/25 |
1,286 | 1,217,430 | ||||||
Intercontinental Exchange Inc. |
||||||||
3.65%,
05/23/25 |
815 | 789,393 | ||||||
3.75%,
12/01/25 |
4,293 | 4,123,684 | ||||||
Janus Henderson U.S. Holdings Inc., 4.88%, 08/01/25 (Call 05/01/25)(a) |
1,367 | 1,338,238 | ||||||
Lazard Group LLC, 3.75%, 02/13/25 |
2,014 | 1,932,453 | ||||||
Mastercard Inc., 2.00%, 03/03/25 (Call 02/03/25)(a) |
2,401 | 2,256,484 | ||||||
Nomura
Holdings Inc. |
4,014 | 3,609,790 | ||||||
2.65%, 01/16/25(a) |
3,976 | 3,721,695 | ||||||
5.10%, 07/03/25(a) |
1,555 | 1,523,309 | ||||||
Radian Group Inc., 6.63%, 03/15/25 (Call 09/15/24) |
1,815 | 1,792,276 | ||||||
Synchrony
Financial |
2,935 | 2,780,355 | ||||||
4.88%, 06/13/25 (Call 05/13/25) |
2,185 | 2,099,217 | ||||||
Visa Inc., 3.15%, 12/14/25 (Call 09/14/25) |
12,295 | 11,700,906 | ||||||
Western Union Co. (The), 2.85%, 01/10/25 (Call 12/10/24)(a) |
1,534 | 1,440,365 | ||||||
|
|
|||||||
96,341,884 | ||||||||
Electric — 4.8% |
| |||||||
Ameren Illinois Co., 3.25%, 03/01/25 (Call 12/01/24)(a) |
611 | 587,220 | ||||||
American Electric Power Co. Inc., Series N, 1.00%, 11/01/25 (Call 10/01/25)(a) |
1,376 | 1,208,128 |
46 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Electric (continued) | ||||||||
Appalachian Power Co., 3.40%, 06/01/25 (Call 03/01/25) |
$ | 1,062 | $ | 1,014,168 | ||||
Arizona Public Service Co., 3.15%, 05/15/25 (Call 02/15/25)(a) |
794 | 748,948 | ||||||
Avangrid Inc., 3.20%, 04/15/25 (Call 03/15/25)(a) |
2,570 | 2,426,080 | ||||||
Berkshire
Hathaway Energy Co. |
1,365 | 1,322,262 | ||||||
4.05%, 04/15/25 (Call 03/15/25)(a) |
4,071 | 3,985,590 | ||||||
Connecticut Light & Power Co. (The), Series A, 0.75%, 12/01/25 (Call 11/01/25)(a) |
719 | 630,362 | ||||||
Constellation
Energy Generation LLC, 3.25%, 06/01/25 |
2,582 | 2,449,001 | ||||||
Dominion
Energy Inc. |
2,526 | 2,424,834 | ||||||
Series A, 3.30%, 03/15/25 (Call 02/15/25) |
1,007 | 964,414 | ||||||
DTE Electric Co., 3.38%, 03/01/25 (Call 12/01/24)(a) |
1,005 | 966,649 | ||||||
DTE Energy Co., Series F, 1.05%, 06/01/25 (Call 05/01/25) |
2,554 | 2,284,706 | ||||||
Duke Energy Corp., 0.90%, 09/15/25 (Call 08/15/25) |
1,585 | 1,398,033 | ||||||
Duke Energy Progress LLC, 3.25%, 08/15/25 (Call 05/15/25)(a) |
1,437 | 1,371,128 | ||||||
Edison
International |
820 | 791,521 | ||||||
4.95%, 04/15/25 (Call 03/15/25) |
1,524 | 1,488,948 | ||||||
Entergy Corp., 0.90%, 09/15/25 (Call 08/15/25) |
2,549 | 2,232,236 | ||||||
Evergy Metro Inc., 3.65%, 08/15/25 (Call 05/15/25)(a) |
1,046 | 1,006,493 | ||||||
Eversource Energy |
||||||||
Series
H, 3.15%, 01/15/25 |
1,103 | 1,049,913 | ||||||
Series Q, 0.80%, 08/15/25 (Call 07/15/25) |
1,151 | 1,013,317 | ||||||
Exelon Corp., 3.95%, 06/15/25 (Call 03/15/25) |
3,231 | 3,112,325 | ||||||
Florida
Power & Light Co. |
3,060 | 2,905,960 | ||||||
3.13%, 12/01/25 (Call 06/01/25) |
1,744 | 1,646,859 | ||||||
Iberdrola International BV, 5.81%, 03/15/25(a) |
870 | 878,630 | ||||||
Louisville Gas & Electric Co., Series 25, 3.30%, 10/01/25 (Call 07/01/25) |
834 | 790,991 | ||||||
National
Rural Utilities Cooperative Finance Corp. |
625 | 582,775 | ||||||
2.85%, 01/27/25 (Call 10/27/24)(a) |
1,372 | 1,305,636 | ||||||
3.25%, 11/01/25 (Call 08/01/25) |
1,524 | 1,444,783 | ||||||
3.45%, 06/15/25 |
240 | 230,021 | ||||||
5.45%, 10/30/25 |
1,030 | 1,035,274 | ||||||
NextEra Energy Capital Holdings Inc., 4.45%, 06/20/25 |
1,685 | 1,651,452 | ||||||
Oncor
Electric Delivery Co. LLC |
2,340 | 2,050,823 | ||||||
2.95%, 04/01/25 (Call 01/01/25)(a) |
1,097 | 1,045,693 | ||||||
Pacific
Gas and Electric Co. |
630 | 585,629 | ||||||
3.50%, 06/15/25 (Call 03/15/25)(a) |
2,885 | 2,681,319 | ||||||
4.95%, 06/08/25(a) |
1,755 | 1,701,086 | ||||||
PECO Energy Co., 3.15%, 10/15/25 (Call 07/15/25)(a) |
370 | 350,627 | ||||||
Pinnacle West Capital Corp., 1.30%, 06/15/25 (Call 05/15/25) |
1,205 | 1,074,197 | ||||||
Public Service Electric & Gas Co., 3.00%, 05/15/25 (Call 02/15/25)(a) |
900 | 854,793 | ||||||
Public Service Enterprise Group Inc., 0.80%, 08/15/25 (Call 07/15/25) |
2,102 | 1,844,757 | ||||||
Puget Energy Inc., 3.65%, 05/15/25 (Call 02/15/25) |
1,721 | 1,621,526 | ||||||
Sempra Energy, 3.30%, 04/01/25 (Call 03/01/25) |
2,015 | 1,911,288 | ||||||
Southern California Edison Co. |
||||||||
Series C, 4.20%, 06/01/25 |
1,280 | 1,249,037 | ||||||
Series E, 3.70%, 08/01/25 (Call 06/01/25) |
2,847 | 2,733,319 | ||||||
Southern Co. (The), 5.15%, 10/06/25 |
45 | 44,818 |
Security |
Par |
Value | ||||||
Electric (continued) | ||||||||
Southern Power Co., 4.15%, 12/01/25 (Call 09/01/25)(a) |
$ | 1,478 | $ | 1,435,242 | ||||
Tucson Electric Power Co., 3.05%, 03/15/25 (Call 12/15/24) |
300 | 286,005 | ||||||
Virginia Electric & Power Co., Series A, 3.10%, 05/15/25 (Call 02/15/25)(a) |
1,176 | 1,118,764 | ||||||
WEC Energy Group Inc., 5.00%, 09/27/25 (Call 08/27/25)(a) |
10 | 9,942 | ||||||
Xcel Energy Inc., 3.30%, 06/01/25 (Call 12/01/24) |
2,045 | 1,940,541 | ||||||
|
|
|||||||
71,488,063 | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Emerson Electric Co., 3.15%, 06/01/25 (Call 03/01/25)(a) |
1,033 | 987,310 | ||||||
|
|
|||||||
Electronics — 0.6% | ||||||||
Amphenol
Corp., 2.05%, 03/01/25 |
982 | 915,096 | ||||||
Arrow Electronics Inc., 4.00%, 04/01/25 (Call 01/01/25) |
1,529 | 1,466,541 | ||||||
Flex Ltd., 4.75%, 06/15/25 (Call 03/15/25) |
2,108 | 2,043,158 | ||||||
Honeywell International Inc., 1.35%, 06/01/25 (Call 05/01/25)(a) |
4,107 | 3,769,528 | ||||||
Legrand France SA, 8.50%, 02/15/25(a) |
642 | 688,731 | ||||||
|
|
|||||||
8,883,054 | ||||||||
Entertainment — 0.4% | ||||||||
Magallanes
Inc. |
5,010 | 4,725,031 | ||||||
3.79%, 03/15/25 (Call 03/15/23)(b) |
1,500 | 1,413,495 | ||||||
|
|
|||||||
6,138,526 | ||||||||
Environmental Control — 0.3% | ||||||||
Republic
Services Inc. |
996 | 873,392 | ||||||
3.20%, 03/15/25 (Call 12/15/24) |
1,682 | 1,599,801 | ||||||
Waste
Management Inc. |
1,443 | 1,274,588 | ||||||
3.13%, 03/01/25 (Call 12/01/24)(a) |
1,270 | 1,221,689 | ||||||
|
|
|||||||
4,969,470 | ||||||||
Food — 1.2% | ||||||||
Campbell
Soup Co. |
870 | 828,336 | ||||||
3.95%, 03/15/25 (Call 01/15/25)(a) |
2,729 | 2,646,612 | ||||||
Conagra Brands Inc., 4.60%, 11/01/25 (Call 09/01/25) |
3,158 | 3,069,197 | ||||||
General Mills Inc., 4.00%, 04/17/25 (Call 02/17/25) |
2,554 | 2,485,961 | ||||||
Hershey
Co. (The) |
909 | 820,672 | ||||||
3.20%, 08/21/25 (Call 05/21/25)(a) |
355 | 339,788 | ||||||
JM Smucker Co. (The), 3.50%, 03/15/25 |
3,225 | 3,091,711 | ||||||
Mondelez International Inc., 1.50%, 05/04/25 (Call 04/04/25) |
2,143 | 1,960,738 | ||||||
Sysco Corp., 3.75%, 10/01/25 (Call 07/01/25) |
2,525 | 2,414,228 | ||||||
Walmart Inc., 3.90%, 09/09/25(a) |
175 | 171,745 | ||||||
|
|
|||||||
17,828,988 | ||||||||
Forest Products & Paper — 0.1% | ||||||||
Fibria Overseas Finance Ltd., 4.00%, 01/14/25 (Call 11/14/24) |
815 | 780,436 | ||||||
|
|
|||||||
Gas — 0.3% |
||||||||
National Fuel Gas Co., 5.20%, 07/15/25 (Call 04/15/25)(a) |
1,205 | 1,178,466 | ||||||
NiSource Inc., 0.95%, 08/15/25 (Call 07/15/25)(a) |
3,385 | 2,998,264 | ||||||
Southern California Gas Co., 3.20%, 06/15/25 (Call 03/15/25)(a) |
765 | 726,895 | ||||||
|
|
|||||||
4,903,625 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Stanley Black & Decker Inc., 2.30%, 02/24/25 (Call 02/24/23)(a) |
1,105 | 1,037,971 | ||||||
|
|
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) October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Health Care - Products — 1.0% | ||||||||
Abbott
Laboratories |
$ | 3,082 | $ | 2,955,114 | ||||
3.88%, 09/15/25 (Call 06/15/25)(a) |
1,653 | 1,610,948 | ||||||
Boston Scientific Corp., 1.90%, 06/01/25 (Call 05/01/25)(a) |
2,002 | 1,848,166 | ||||||
Danaher
Corp., 3.35%, 09/15/25 |
1,523 | 1,455,150 | ||||||
Stryker
Corp. |
1,901 | 1,711,984 | ||||||
3.38%, 11/01/25 (Call 08/01/25) |
2,243 | 2,136,906 | ||||||
Zimmer Biomet Holdings Inc., 3.55%, 04/01/25 (Call 01/01/25)(a) |
2,685 | 2,567,907 | ||||||
|
|
|||||||
14,286,175 | ||||||||
Health Care - Services — 2.2% | ||||||||
CommonSpirit Health, 1.55%, 10/01/25 (Call 07/01/25) |
1,318 | 1,171,504 | ||||||
Elevance
Health Inc. |
3,836 | 3,605,763 | ||||||
5.35%, 10/15/25 |
1,100 | 1,100,561 | ||||||
HCA
Inc. |
3,827 | 3,763,855 | ||||||
5.38%, 02/01/25 |
7,275 | 7,186,318 | ||||||
Humana Inc., 4.50%, 04/01/25 (Call 03/01/25) |
1,967 | 1,927,601 | ||||||
Laboratory Corp. of America Holdings, 3.60%, 02/01/25 (Call 11/01/24) |
3,106 | 2,978,375 | ||||||
PeaceHealth Obligated Group, Series 2020, 1.38%, 11/15/25 (Call 08/15/25) |
902 | 795,735 | ||||||
Quest Diagnostics Inc., 3.50%, 03/30/25 (Call 12/30/24)(a) |
1,552 | 1,487,933 | ||||||
Sutter Health, Series 20A, 1.32%, 08/15/25 (Call 05/15/25) |
270 | 242,676 | ||||||
UnitedHealth
Group Inc. |
1,089 | 1,048,729 | ||||||
3.75%, 07/15/25(a) |
5,792 | 5,623,858 | ||||||
5.15%, 10/15/25(a) |
740 | 741,576 | ||||||
UPMC, Series D-1, 3.60%, 04/03/25 |
1,130 | 1,085,783 | ||||||
|
|
|||||||
32,760,267 | ||||||||
Holding Companies - Diversified — 1.1% | ||||||||
Ares
Capital Corp. |
3,793 | 3,422,386 | ||||||
4.25%, 03/01/25 (Call 01/01/25) |
1,920 | 1,799,693 | ||||||
Blackstone
Private Credit Fund |
1,645 | 1,510,702 | ||||||
4.70%, 03/24/25(a) |
2,480 | 2,383,454 | ||||||
7.05%, 09/29/25(a)(b) |
710 | 704,199 | ||||||
FS KKR Capital Corp., 4.13%, 02/01/25 (Call 01/01/25)(a) |
1,647 | 1,540,884 | ||||||
Goldman Sachs BDC Inc., 3.75%, 02/10/25 (Call 01/10/25) |
1,190 | 1,141,210 | ||||||
Oaktree Specialty Lending Corp., 3.50%, 02/25/25 (Call 01/25/25) |
895 | 833,173 | ||||||
Owl
Rock Capital Corp. |
1,752 | 1,600,978 | ||||||
4.00%, 03/30/25 (Call 02/28/25)(a) |
1,147 | 1,064,026 | ||||||
OWL Rock Core Income Corp., 5.50%, 03/21/25(a) |
1,090 | 1,029,363 | ||||||
|
|
|||||||
17,030,068 | ||||||||
Home Builders — 0.3% | ||||||||
DR
Horton Inc., 2.60%, 10/15/25 |
1,835 | 1,679,832 | ||||||
Lennar Corp., 4.75%, 05/30/25 (Call 02/28/25) |
2,236 | 2,171,805 | ||||||
Toll Brothers Finance Corp., 4.88%, 11/15/25 (Call 08/15/25)(a) |
1,140 | 1,083,080 | ||||||
|
|
|||||||
4,934,717 | ||||||||
Home Furnishings — 0.1% | ||||||||
Harman International Industries Inc., 4.15%, 05/15/25 (Call 02/15/25)(a) |
1,105 | 1,071,640 |
Security |
Par |
Value | ||||||
Home Furnishings (continued) | ||||||||
Whirlpool Corp., 3.70%, 05/01/25(a) |
$ | 1,202 | $ | 1,157,658 | ||||
|
|
|||||||
2,229,298 | ||||||||
Household Products & Wares — 0.0% | ||||||||
Kimberly-Clark Corp., 3.05%, 08/15/25 |
734 | 699,568 | ||||||
|
|
|||||||
Insurance — 1.6% | ||||||||
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 (Call 07/29/25) |
1,138 | 1,082,853 | ||||||
Allstate Corp. (The), 0.75%, 12/15/25 (Call 11/15/25) |
1,862 | 1,615,713 | ||||||
American International Group Inc., 2.50%, 06/30/25 (Call 05/30/25)(a) |
2,722 | 2,527,404 | ||||||
Aon Global Ltd., 3.88%, 12/15/25 (Call 09/15/25) |
2,639 | 2,511,827 | ||||||
Chubb INA Holdings Inc., 3.15%, 03/15/25(a) |
2,311 | 2,208,322 | ||||||
CNO Financial Group Inc., 5.25%, 05/30/25 (Call 02/28/25)(a) |
1,642 | 1,610,293 | ||||||
Corebridge Financial Inc., 3.50%, 04/04/25 (Call 03/04/25)(b) |
2,985 | 2,815,721 | ||||||
Kemper Corp., 4.35%, 02/15/25 (Call 11/15/24)(a) |
1,114 | 1,079,243 | ||||||
Lincoln National Corp., 3.35%, 03/09/25(a) |
650 | 621,686 | ||||||
Marsh & McLennan Companies Inc., 3.50%, 03/10/25 (Call 12/10/24) |
2,274 | 2,184,245 | ||||||
MetLife
Inc. |
1,378 | 1,315,577 | ||||||
3.60%, 11/13/25 (Call 08/13/25)(a) |
1,773 | 1,701,282 | ||||||
Principal Financial Group Inc., 3.40%, 05/15/25 (Call 02/15/25)(a) |
1,127 | 1,075,338 | ||||||
RenaissanceRe Finance Inc., 3.70%, 04/01/25 (Call 01/01/25) |
925 | 888,416 | ||||||
|
|
|||||||
23,237,920 | ||||||||
Internet — 1.4% | ||||||||
Alphabet Inc., 0.45%, 08/15/25 (Call 07/15/25) |
3,052 | 2,728,061 | ||||||
Amazon.com
Inc. |
3,705 | 3,353,358 | ||||||
3.00%, 04/13/25 |
4,150 | 3,990,017 | ||||||
5.20%, 12/03/25 (Call 09/03/25)(a) |
2,595 | 2,633,821 | ||||||
Baidu
Inc. |
1,160 | 1,082,895 | ||||||
4.13%, 06/30/25 |
1,305 | 1,242,804 | ||||||
Booking Holdings Inc., 3.65%, 03/15/25 (Call 12/15/24)(a) |
1,598 | 1,539,481 | ||||||
eBay Inc., 1.90%, 03/11/25 (Call 02/11/25) |
2,593 | 2,396,347 | ||||||
Tencent Music Entertainment Group, 1.38%, 09/03/25 (Call 08/03/25) |
850 | 743,359 | ||||||
VeriSign Inc., 5.25%, 04/01/25 (Call 01/01/25) |
515 | 510,056 | ||||||
|
|
|||||||
20,220,199 | ||||||||
Iron & Steel — 0.4% | ||||||||
Nucor
Corp. |
1,953 | 1,795,764 | ||||||
3.95%, 05/23/25(a) |
1,210 | 1,172,006 | ||||||
Reliance Steel & Aluminum Co., 1.30%, 08/15/25 (Call 07/15/25)(a) |
1,574 | 1,399,805 | ||||||
Steel Dynamics Inc., 2.40%, 06/15/25 (Call 05/15/25) |
1,651 | 1,527,291 | ||||||
|
|
|||||||
5,894,866 | ||||||||
Leisure Time — 0.1% | ||||||||
Harley-Davidson
Inc., 3.50%, 07/28/25 |
1,637 | 1,537,880 | ||||||
|
|
|||||||
Lodging — 0.4% | ||||||||
Hyatt Hotels Corp., 5.63%, 04/23/25 (Call 03/23/25) |
1,603 | 1,577,913 | ||||||
Marriott
International Inc./MD |
1,311 | 1,257,144 | ||||||
3.75%, 10/01/25 (Call 07/01/25)(a) |
1,394 | 1,326,600 |
48 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Lodging (continued) | ||||||||
Series EE, 5.75%, 05/01/25 (Call 04/01/25)(a) |
$ | 1,706 | $ | 1,722,736 | ||||
|
|
|||||||
5,884,393 | ||||||||
Machinery — 1.8% | ||||||||
Caterpillar
Financial Services Corp. |
2,698 | 2,389,861 | ||||||
1.45%, 05/15/25 |
1,546 | 1,421,330 | ||||||
3.40%, 05/13/25(a) |
2,880 | 2,779,978 | ||||||
3.65%, 08/12/25 |
1,160 | 1,123,646 | ||||||
CNH
Industrial Capital LLC |
1,935 | 1,854,156 | ||||||
5.45%, 10/14/25 |
190 | 188,005 | ||||||
Deere & Co., 2.75%, 04/15/25 (Call 03/15/25) |
1,737 | 1,653,138 | ||||||
Dover Corp., 3.15%, 11/15/25 (Call 08/15/25) |
1,589 | 1,491,610 | ||||||
John
Deere Capital Corp. |
1,885 | 1,747,489 | ||||||
2.05%, 01/09/25 |
1,272 | 1,198,326 | ||||||
2.13%, 03/07/25(a) |
1,080 | 1,014,109 | ||||||
3.40%, 06/06/25(a) |
770 | 743,127 | ||||||
3.40%, 09/11/25(a) |
851 | 816,934 | ||||||
3.45%, 03/13/25(a) |
2,083 | 2,015,990 | ||||||
Otis Worldwide Corp., 2.06%, 04/05/25 (Call 03/05/25)(a) |
4,288 | 3,969,016 | ||||||
Rockwell Automation Inc., 2.88%, 03/01/25 (Call 12/01/24) |
847 | 807,589 | ||||||
Westinghouse Air Brake Technologies Corp., 3.20%, 06/15/25 (Call 05/15/25) |
2,071 | 1,923,545 | ||||||
|
|
|||||||
27,137,849 | ||||||||
Manufacturing — 0.5% | ||||||||
3M
Co. |
2,864 | 2,678,040 | ||||||
2.65%, 04/15/25 (Call 03/15/25)(a) |
1,929 | 1,818,295 | ||||||
3.00%, 08/07/25(a) |
1,750 | 1,660,137 | ||||||
GE Capital International Funding Co. Unlimited Co., 3.37%, 11/15/25 |
760 | 722,631 | ||||||
Textron Inc., 3.88%, 03/01/25 (Call 12/01/24)(a) |
1,199 | 1,158,138 | ||||||
|
|
|||||||
8,037,241 | ||||||||
Media — 2.9% | ||||||||
Charter Communications Operating LLC/Charter |
||||||||
Communications Operating Capital, 4.91%, 07/23/25 (Call 04/23/25)(a) |
12,196 | 11,841,218 | ||||||
Comcast
Corp. |
3,155 | 3,041,956 | ||||||
3.38%, 08/15/25 (Call 05/15/25) |
4,587 | 4,385,310 | ||||||
3.95%, 10/15/25 (Call 08/15/25)(a) |
8,563 | 8,281,620 | ||||||
Discovery
Communications LLC |
818 | 767,595 | ||||||
3.95%, 06/15/25(a) |
1,725 | 1,630,194 | ||||||
Fox Corp., 3.05%, 04/07/25 (Call 03/07/25) |
2,028 | 1,916,237 | ||||||
Paramount Global, 4.75%, 05/15/25 (Call 04/15/25) |
1,933 | 1,887,942 | ||||||
TWDC Enterprises 18 Corp., 3.15%, 09/17/25 |
2,406 | 2,285,724 | ||||||
Walt
Disney Co. (The) |
5,413 | 5,204,220 | ||||||
3.70%, 10/15/25 (Call 07/15/25)(a) |
1,743 | 1,683,320 | ||||||
|
|
|||||||
42,925,336 | ||||||||
Metal Fabricate & Hardware — 0.2% | ||||||||
Precision Castparts Corp., 3.25%, 06/15/25 (Call 03/15/25) |
2,471 | 2,371,320 | ||||||
|
|
|||||||
Mining — 0.1% | ||||||||
Southern Copper Corp., 3.88%, 04/23/25 |
934 | 896,201 | ||||||
|
|
Security |
Par |
Value | ||||||
Office & Business Equipment — 0.1% | ||||||||
CDW LLC/CDW Finance Corp., 4.13%, 05/01/25 |
$ | 1,813 | $ | 1,723,692 | ||||
|
|
|||||||
Oil & Gas — 3.7% | ||||||||
BP Capital Markets America Inc., 3.80%, 09/21/25 (Call 07/21/25)(a) |
2,808 | 2,725,669 | ||||||
Canadian
Natural Resources Ltd. |
2,017 | 1,847,249 | ||||||
3.90%, 02/01/25 (Call 11/01/24)(a) |
1,973 | 1,902,722 | ||||||
Cenovus Energy Inc., 5.38%, 07/15/25 (Call 04/15/25)(a) |
1,916 | 1,908,892 | ||||||
Chevron
Corp. |
6,936 | 6,400,957 | ||||||
3.33%, 11/17/25 (Call 08/17/25)(a) |
1,874 | 1,806,536 | ||||||
Chevron USA Inc., 0.69%, 08/12/25 (Call 07/12/25) |
2,069 | 1,851,672 | ||||||
ConocoPhillips Co., 2.40%, 03/07/25 (Call 03/07/23) |
890 | 840,614 | ||||||
Devon Energy Corp., 5.85%, 12/15/25 (Call 09/15/25)(a) |
1,655 | 1,671,020 | ||||||
EOG Resources Inc., 3.15%, 04/01/25 (Call 01/01/25)(a) |
1,813 | 1,740,879 | ||||||
EQT Corp., 6.13%, 02/01/25 (Call 01/01/25) |
3,085 | 3,087,715 | ||||||
Exxon
Mobil Corp. |
4,293 | 4,097,325 | ||||||
2.99%, 03/19/25 (Call 02/19/25) |
6,127 | 5,869,053 | ||||||
Marathon Petroleum Corp., 4.70%, 05/01/25 (Call 04/01/25) |
3,696 | 3,619,567 | ||||||
Phillips 66, 3.85%, 04/09/25 (Call 03/09/25)(a) |
1,952 | 1,890,492 | ||||||
Phillips
66 Co., 3.61%, 02/15/25 |
1,757 | 1,681,168 | ||||||
Shell International Finance BV, 3.25%, 05/11/25 |
7,905 | 7,592,911 | ||||||
TotalEnergies Capital International SA, 2.43%, 01/10/25 (Call 10/10/24)(a) |
4,155 | 3,930,007 | ||||||
|
|
|||||||
54,464,448 | ||||||||
Oil & Gas Services — 0.2% | ||||||||
Halliburton Co., 3.80%, 11/15/25 (Call 08/15/25) |
1,687 | 1,625,559 | ||||||
Schlumberger Finance Canada Ltd., 1.40%, 09/17/25 (Call 08/17/25) |
1,700 | 1,537,225 | ||||||
|
|
|||||||
3,162,784 | ||||||||
Packaging & Containers — 0.4% | ||||||||
Amcor Flexibles North America Inc., 4.00%, 05/17/25 (Call 04/17/25)(a) |
1,115 | 1,071,883 | ||||||
Sonoco Products Co., 1.80%, 02/01/25 (Call 02/01/23) |
2,435 | 2,247,602 | ||||||
WRKCo Inc., 3.75%, 03/15/25 (Call 01/15/25) |
2,259 | 2,157,955 | ||||||
|
|
|||||||
5,477,440 | ||||||||
Pharmaceuticals — 5.5% | ||||||||
AbbVie
Inc. |
10,359 | 9,944,536 | ||||||
3.80%, 03/15/25 (Call 12/15/24) |
7,953 | 7,682,439 | ||||||
AmerisourceBergen Corp., 3.25%, 03/01/25 (Call 12/01/24) |
1,615 | 1,545,765 | ||||||
AstraZeneca PLC, 3.38%, 11/16/25(a) |
5,995 | 5,713,535 | ||||||
Bristol-Myers Squibb Co., 0.75%, 11/13/25 (Call 10/13/25) |
2,738 | 2,421,734 | ||||||
Cardinal Health Inc., 3.75%, 09/15/25 (Call 06/15/25) |
1,859 | 1,779,100 | ||||||
Cigna
Corp. |
2,539 | 2,423,780 | ||||||
4.13%, 11/15/25 (Call 09/15/25) |
6,084 | 5,875,623 | ||||||
CVS
Health Corp. |
7,816 | 7,545,879 | ||||||
4.10%, 03/25/25 (Call 01/25/25)(a) |
3,217 | 3,140,082 | ||||||
Eli Lilly & Co., 2.75%, 06/01/25 (Call 03/01/25) |
1,565 | 1,491,664 | ||||||
GlaxoSmithKline Capital Inc., 3.63%, 05/15/25(a) |
3,221 | 3,125,497 | ||||||
Johnson &
Johnson |
2,465 | 2,202,280 | ||||||
2.63%, 01/15/25 (Call 11/15/24) |
1,834 | 1,757,651 | ||||||
McKesson Corp., 0.90%, 12/03/25 (Call 11/03/25) |
1,298 | 1,134,024 |
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) October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Pharmaceuticals (continued) | ||||||||
Mead Johnson Nutrition Co., 4.13%, 11/15/25 (Call 08/15/25) |
$ | 2,442 | $ | 2,357,653 | ||||
Merck & Co. Inc., 2.75%, 02/10/25 (Call 11/10/24) |
7,658 | 7,318,521 | ||||||
Novartis
Capital Corp. |
2,751 | 2,575,376 | ||||||
3.00%, 11/20/25 (Call 08/20/25) |
5,362 | 5,091,648 | ||||||
Pfizer Inc., 0.80%, 05/28/25 (Call 04/28/25) |
2,394 | 2,174,111 | ||||||
Viatris
Inc., 1.65%, 06/22/25 |
2,685 | 2,395,101 | ||||||
Zoetis
Inc., 4.50%, 11/13/25 |
1,974 | 1,933,454 | ||||||
|
|
|||||||
81,629,453 | ||||||||
Pipelines — 3.5% | ||||||||
Cheniere Corpus Christi Holdings LLC, 5.88%, 03/31/25 (Call 10/02/24) |
4,148 | 4,152,148 | ||||||
Columbia Pipeline Group Inc., 4.50%, 06/01/25 (Call 03/01/25) |
3,392 | 3,317,579 | ||||||
DCP Midstream Operating LP, 5.38%, 07/15/25 (Call 04/15/25) |
505 | 493,592 | ||||||
Enbridge Energy Partners LP, 5.88%, 10/15/25 (Call 07/15/25)(a) |
1,230 | 1,241,599 | ||||||
Enbridge
Inc. |
1,880 | 1,761,786 | ||||||
2.50%, 02/14/25 |
1,570 | 1,467,746 | ||||||
Energy
Transfer LP |
2,969 | 2,756,449 | ||||||
4.05%, 03/15/25 (Call 12/15/24) |
3,069 | 2,938,475 | ||||||
5.95%, 12/01/25 (Call 09/01/25)(a) |
1,239 | 1,231,665 | ||||||
Enterprise Products Operating LLC, 3.75%, 02/15/25 (Call 11/15/24)(a) |
4,092 | 3,940,514 | ||||||
Kinder Morgan Inc., 4.30%, 06/01/25 (Call 03/01/25)(a) |
4,479 | 4,356,589 | ||||||
MPLX
LP |
1,756 | 1,688,201 | ||||||
4.88%, 06/01/25 (Call 03/01/25) |
3,645 | 3,561,056 | ||||||
ONEOK Inc., 2.20%, 09/15/25 (Call 08/15/25)(a) |
1,371 | 1,235,847 | ||||||
ONEOK Partners LP, 4.90%, 03/15/25 (Call 12/15/24)(a) |
1,664 | 1,624,064 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 4.65%, 10/15/25 (Call 07/15/25) |
3,325 | 3,212,382 | ||||||
Sabine Pass Liquefaction LLC, 5.63%, 03/01/25 (Call 12/01/24) |
5,471 | 5,446,162 | ||||||
Spectra Energy Partners LP, 3.50%, 03/15/25 (Call 12/15/24)(a) |
1,529 | 1,458,284 | ||||||
TC PipeLines LP, 4.38%, 03/13/25 (Call 12/13/24)(a) |
1,087 | 1,054,629 | ||||||
Williams
Companies Inc. (The) |
2,292 | 2,211,665 | ||||||
4.00%, 09/15/25 (Call 06/15/25)(a) |
2,323 | 2,230,684 | ||||||
|
|
|||||||
51,381,116 | ||||||||
Real Estate — 0.2% | ||||||||
Brookfield Asset Management Inc., 4.00%, 01/15/25 (Call 10/15/24) |
2,395 | 2,322,168 | ||||||
|
|
|||||||
Real Estate Investment Trusts — 3.9% | ||||||||
Alexandria Real Estate Equities Inc., 3.45%, 04/30/25 (Call 02/28/25)(a) |
1,651 | 1,578,125 | ||||||
American
Tower Corp. |
1,325 | 1,168,385 | ||||||
2.40%, 03/15/25 (Call 02/15/25) |
2,122 | 1,962,362 | ||||||
2.95%, 01/15/25 (Call 12/15/24)(a) |
2,026 | 1,909,748 | ||||||
4.00%, 06/01/25 (Call 03/01/25)(a) |
2,381 | 2,277,022 | ||||||
AvalonBay
Communities Inc. |
1,239 | 1,183,493 | ||||||
3.50%, 11/15/25 (Call 08/15/25) |
1,186 | 1,118,683 | ||||||
Boston Properties LP, 3.20%, 01/15/25 (Call 10/15/24)(a) |
2,438 | 2,311,126 |
Security |
Par |
Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
Brixmor Operating Partnership LP, 3.85%, 02/01/25 (Call 11/01/24) |
$ | 2,080 | $ | 1,983,030 | ||||
Crown Castle International Corp., 1.35%, 07/15/25 (Call 06/15/25) |
2,109 | 1,884,307 | ||||||
CubeSmart LP, 4.00%, 11/15/25 (Call 08/15/25) |
1,066 | 1,013,915 | ||||||
EPR Properties, 4.50%, 04/01/25 (Call 01/01/25) |
700 | 651,322 | ||||||
Equinix
Inc. |
2,070 | 1,816,818 | ||||||
1.25%, 07/15/25 (Call 06/15/25) |
1,612 | 1,435,438 | ||||||
ERP Operating LP, 3.38%, 06/01/25 (Call 03/01/25) |
1,254 | 1,189,118 | ||||||
Essex Portfolio LP, 3.50%, 04/01/25 (Call 01/01/25)(a) |
1,841 | 1,758,265 | ||||||
GLP Capital LP/GLP Financing II Inc., 5.25%, 06/01/25 (Call 03/01/25) |
2,786 | 2,697,600 | ||||||
Healthpeak
Properties Inc. |
450 | 429,296 | ||||||
4.00%, 06/01/25 (Call 03/01/25)(a) |
1,017 | 979,768 | ||||||
Host Hotels & Resorts LP, Series E, 4.00%, 06/15/25 (Call 03/15/25)(a) |
1,242 | 1,169,753 | ||||||
Kilroy Realty LP, 4.38%, 10/01/25 (Call 07/01/25) |
1,210 | 1,152,259 | ||||||
Kimco Realty Corp., 3.30%, 02/01/25 (Call 12/01/24) |
1,522 | 1,446,448 | ||||||
Kite Realty Group Trust, 4.00%, 03/15/25 (Call 12/15/24) |
865 | 816,266 | ||||||
Mid-America Apartments LP, 4.00%, 11/15/25 (Call 08/15/25) |
1,211 | 1,163,456 | ||||||
National Retail Properties Inc., 4.00%, 11/15/25 (Call 08/15/25)(a) |
988 | 939,262 | ||||||
Office Properties Income Trust, 4.50%, 02/01/25 (Call 11/01/24) |
2,032 | 1,696,192 | ||||||
Omega Healthcare Investors Inc., 4.50%, 01/15/25 (Call 10/15/24)(a) |
1,471 | 1,417,867 | ||||||
Realty
Income Corp. |
1,596 | 1,545,423 | ||||||
4.63%, 11/01/25 (Call 09/01/25)(a) |
1,648 | 1,610,343 | ||||||
Simon Property Group LP, 3.50%, 09/01/25 (Call 06/01/25) |
3,473 | 3,298,412 | ||||||
SITE Centers Corp., 3.63%, 02/01/25 (Call 11/01/24) |
1,648 | 1,533,480 | ||||||
Ventas
Realty LP |
1,300 | 1,215,305 | ||||||
3.50%, 02/01/25 (Call 11/01/24)(a) |
1,935 | 1,837,534 | ||||||
VICI Properties LP, 4.38%, 05/15/25 |
1,470 | 1,401,630 | ||||||
Vornado Realty LP, 3.50%, 01/15/25 (Call 11/15/24)(a) |
1,573 | 1,462,701 | ||||||
Welltower Inc., 4.00%, 06/01/25 (Call 03/01/25) |
3,986 | 3,812,689 | ||||||
WP Carey Inc., 4.00%, 02/01/25 |
1,273 | 1,226,014 | ||||||
|
|
|||||||
58,092,855 | ||||||||
Retail — 2.8% | ||||||||
AutoNation Inc., 4.50%, 10/01/25 (Call 07/01/25) |
1,254 | 1,204,693 | ||||||
AutoZone
Inc. |
1,668 | 1,584,700 | ||||||
3.63%, 04/15/25 (Call 03/15/25) |
1,864 | 1,791,435 | ||||||
Dollar General Corp., 4.15%, 11/01/25 (Call 08/01/25) |
1,462 | 1,417,277 | ||||||
Dollar Tree Inc., 4.00%, 05/15/25 (Call 03/15/25) |
3,773 | 3,659,244 | ||||||
Genuine Parts Co., 1.75%, 02/01/25 (Call 02/01/23)(a) |
2,303 | 2,128,571 | ||||||
Home
Depot Inc. (The) |
990 | 941,639 | ||||||
3.35%, 09/15/25 (Call 06/15/25)(a) |
3,631 | 3,485,470 | ||||||
4.00%, 09/15/25 (Call 08/15/25) |
5 | 4,896 | ||||||
Lowe’s
Companies Inc. |
2,570 | 2,440,446 | ||||||
4.00%, 04/15/25 (Call 03/15/25)(a) |
2,182 | 2,129,348 | ||||||
4.40%, 09/08/25 |
1,155 | 1,133,020 | ||||||
McDonald’s
Corp. |
1,393 | 1,267,017 |
50 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Retail (continued) | ||||||||
3.30%, 07/01/25(a) |
$ | 2,515 | $ | 2,419,003 | ||||
3.38%, 05/26/25 (Call 02/26/25)(a) |
2,007 | 1,927,924 | ||||||
Ross Stores Inc., 4.60%, 04/15/25 (Call 03/15/25)(a) |
2,737 | 2,688,801 | ||||||
Starbucks Corp., 3.80%, 08/15/25 (Call 06/15/25) |
4,064 | 3,937,406 | ||||||
Target Corp., 2.25%, 04/15/25 (Call 03/15/25)(a) |
5,145 | 4,840,210 | ||||||
Walmart Inc., 3.55%, 06/26/25 (Call 04/26/25) |
2,030 | 1,975,779 | ||||||
|
|
|||||||
40,976,879 | ||||||||
Semiconductors — 2.2% | ||||||||
Analog Devices Inc., 2.95%, 04/01/25 (Call 03/01/25)(a) |
1,653 | 1,581,475 | ||||||
Applied Materials Inc., 3.90%, 10/01/25 (Call 07/01/25)(a) |
2,328 | 2,268,426 | ||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.13%, 01/15/25 (Call 11/15/24)(a) |
1,993 | 1,901,003 | ||||||
Broadcom Inc., 3.15%, 11/15/25 (Call 10/15/25) |
2,731 | 2,546,685 | ||||||
Intel
Corp. |
4,486 | 4,334,956 | ||||||
3.70%, 07/29/25 (Call 04/29/25) |
6,748 | 6,550,891 | ||||||
Lam Research Corp., 3.80%, 03/15/25 (Call 12/15/24) |
1,549 | 1,508,323 | ||||||
Microchip Technology Inc., 4.25%, 09/01/25(a) |
3,150 | 3,003,714 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 2.70%, 05/01/25 (Call 04/01/25) |
2,130 | 1,969,079 | ||||||
QUALCOMM Inc., 3.45%, 05/20/25 (Call 02/20/25)(a) |
4,722 | 4,555,030 | ||||||
Texas Instruments Inc., 1.38%, 03/12/25 (Call 02/12/25) |
2,733 | 2,529,091 | ||||||
|
|
|||||||
32,748,673 | ||||||||
Shipbuilding — 0.1% | ||||||||
Huntington Ingalls Industries Inc., 3.84%, 05/01/25 (Call 04/01/25) |
1,674 | 1,594,200 | ||||||
|
|
|||||||
Software — 3.1% | ||||||||
Adobe
Inc. |
1,545 | 1,450,940 | ||||||
3.25%, 02/01/25 (Call 11/01/24) |
3,131 | 3,028,679 | ||||||
Autodesk
Inc., 4.38%, 06/15/25 |
873 | 855,479 | ||||||
Fidelity National Information Services Inc., 4.50%, 07/15/25 |
385 | 374,682 | ||||||
Fiserv Inc., 3.85%, 06/01/25 (Call 03/01/25) |
3,090 | 2,964,608 | ||||||
Intuit Inc., 0.95%, 07/15/25 (Call 06/15/25)(a) |
1,713 | 1,542,008 | ||||||
Microsoft
Corp. |
4,944 | 4,747,773 | ||||||
3.13%, 11/03/25 (Call 08/03/25)(a) |
8,900 | 8,562,779 | ||||||
Oracle
Corp. |
7,172 | 6,704,457 | ||||||
2.95%, 05/15/25 (Call 02/15/25)(a) |
9,780 | 9,196,232 | ||||||
Roper
Technologies Inc. |
2,039 | 1,804,719 | ||||||
3.85%, 12/15/25 (Call 09/15/25) |
1,156 | 1,100,235 | ||||||
Take-Two Interactive Software Inc., 3.55%, 04/14/25 |
1,723 | 1,643,552 | ||||||
VMware Inc., 4.50%, 05/15/25 (Call 04/15/25) |
2,452 | 2,392,907 | ||||||
|
|
|||||||
46,369,050 | ||||||||
Telecommunications — 1.9% | ||||||||
Cisco Systems Inc., 3.50%, 06/15/25 |
1,750 | 1,699,968 | ||||||
Juniper Networks Inc., 1.20%, 12/10/25 (Call 11/10/25)(a) |
1,409 | 1,230,015 | ||||||
Rogers
Communications Inc. |
1,555 | 1,469,086 | ||||||
3.63%, 12/15/25 (Call 09/15/25) |
2,702 | 2,528,072 | ||||||
T-Mobile USA Inc., 3.50%, 04/15/25 (Call 03/15/25) |
8,999 | 8,582,976 | ||||||
Verizon
Communications Inc. |
3,517 | 3,093,202 |
Security |
Par/ Shares (000) |
Value | ||||||
Telecommunications (continued) | ||||||||
3.38%, 02/15/25(a) |
$ | 4,853 | $ | 4,685,523 | ||||
Vodafone Group PLC, 4.13%, 05/30/25 |
5,339 | 5,200,773 | ||||||
|
|
|||||||
28,489,615 | ||||||||
Transportation — 1.3% | ||||||||
Burlington
Northern Santa Fe LLC |
1,121 | 1,072,259 | ||||||
3.65%, 09/01/25 (Call 06/01/25) |
1,511 | 1,453,975 | ||||||
7.00%, 12/15/25 |
547 | 577,835 | ||||||
Canadian
Pacific Railway Co., |
2,558 | 2,431,967 | ||||||
CSX
Corp., 3.35%, 11/01/25 |
1,839 | 1,744,071 | ||||||
Norfolk Southern Corp., 3.65%, 08/01/25 (Call 06/01/25) |
862 | 826,425 | ||||||
Ryder
System Inc. |
1,705 | 1,599,938 | ||||||
4.63%, 06/01/25 (Call 05/01/25) |
1,141 | 1,107,249 | ||||||
Union
Pacific Corp. |
1,074 | 1,035,916 | ||||||
3.25%, 08/15/25 (Call 05/15/25)(a) |
1,452 | 1,387,038 | ||||||
3.75%, 07/15/25 (Call 05/15/25)(a) |
1,399 | 1,356,498 | ||||||
United Parcel Service Inc., 3.90%, 04/01/25 (Call 03/01/25) |
4,097 | 4,009,406 | ||||||
|
|
|||||||
18,602,577 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 3.25%, 03/30/25 (Call 12/30/24)(a) |
1,590 | 1,500,197 | ||||||
|
|
|||||||
Water — 0.1% | ||||||||
American Water Capital Corp., 3.40%, 03/01/25 (Call 12/01/24) |
1,647 | 1,581,746 | ||||||
|
|
|||||||
Total
Long-Term Investments — 98.7% |
1,459,192,969 | |||||||
|
|
|||||||
Short-Term Securities |
||||||||
Money Market Funds — 8.0% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(c)(d)(e) |
112,745 | 112,722,366 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(c)(d) |
6,490 | 6,490,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 8.0% |
|
119,212,366 | ||||||
|
|
|||||||
Total
Investments — 106.7% |
|
1,578,405,335 | ||||||
Liabilities in Excess of Other Assets — (6.7)% |
|
(99,713,162 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 1,478,692,173 | |||||
|
|
(a) |
All or a portion of this security is on loan. |
(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) |
Affiliate of the Fund. |
(d) |
Annualized 7-day yield as of period end. |
(e) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
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) October 31, 2022 |
iShares® iBonds® Dec 2025 Term Corporate ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 60,598,916 | $ | 52,161,286 | (a) | $ | — | $ | (26,970 | ) | $ | (10,866 | ) | $ | 112,722,366 | 112,745 | $ | 171,606 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
11,130,000 | — | (4,640,000 | )(a) | — | — | 6,490,000 | 6,490 | 47,669 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (26,970 | ) | $ | (10,866 | ) | $ | 119,212,366 | $ | 219,275 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 1,459,192,969 | $ | — | $ | 1,459,192,969 | ||||||||
Money Market Funds |
119,212,366 | — | — | 119,212,366 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 119,212,366 | $ | 1,459,192,969 | $ | — | $ | 1,578,405,335 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
52 |
2 0 2 2 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 October 31, 2022 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Corporate Bonds & Notes |
| |||||||
Advertising — 0.3% |
| |||||||
Omnicom Group Inc./Omnicom Capital Inc., 3.60%, 04/15/26 (Call 01/15/26) |
$ | 4,126 | $ | 3,872,994 | ||||
|
|
|||||||
Aerospace & Defense — 2.1% | ||||||||
Boeing Co. (The) |
||||||||
2.20%, 02/04/26 (Call 02/04/23) |
10,220 | 9,086,704 | ||||||
2.25%, 06/15/26 (Call 03/15/26) |
1,695 | 1,484,481 | ||||||
2.75%, 02/01/26 (Call 01/01/26) |
4,308 | 3,886,634 | ||||||
3.10%, 05/01/26 (Call 03/01/26) |
1,891 | 1,706,382 | ||||||
General Dynamics Corp. |
||||||||
1.15%, 06/01/26 (Call 05/01/26) |
1,523 | 1,330,280 | ||||||
2.13%, 08/15/26 (Call 05/15/26) |
1,440 | 1,294,891 | ||||||
L3Harris Technologies Inc., 3.85%, 12/15/26 (Call 09/15/26) |
1,510 | 1,414,326 | ||||||
Lockheed Martin Corp., 3.55%, 01/15/26 (Call 10/15/25) |
3,076 | 2,961,050 | ||||||
Raytheon Technologies Corp., 2.65%, 11/01/26 (Call 08/01/26)(a) |
1,114 | 1,013,439 | ||||||
Teledyne Technologies Inc., 1.60%, 04/01/26 (Call 03/01/26)(a) |
1,983 | 1,720,570 | ||||||
|
|
|||||||
25,898,757 | ||||||||
Agriculture — 1.6% | ||||||||
Altria Group Inc. |
||||||||
2.63%, 09/16/26 (Call 06/16/26)(a) |
1,276 | 1,142,301 | ||||||
4.40%, 02/14/26 (Call 12/14/25)(a) |
3,535 | 3,396,852 | ||||||
Archer-Daniels-Midland Co., 2.50%, 08/11/26 (Call 05/11/26)(a) |
3,206 | 2,931,150 | ||||||
BAT Capital Corp., 3.22%, 09/06/26 (Call 07/06/26)(a) |
2,956 | 2,636,515 | ||||||
BAT International Finance PLC, 1.67%, 03/25/26 (Call 02/25/26) |
4,008 | 3,443,593 | ||||||
Bunge Ltd. Finance Corp., 3.25%, 08/15/26 (Call 05/15/26) |
2,075 | 1,893,956 | ||||||
Philip Morris International Inc. |
||||||||
0.88%, 05/01/26 (Call 04/01/26) |
2,255 | 1,929,581 | ||||||
2.75%, 02/25/26 (Call 11/25/25) |
2,170 | 1,991,496 | ||||||
|
|
|||||||
19,365,444 | ||||||||
Airlines — 0.2% | ||||||||
Southwest Airlines Co., 3.00%, 11/15/26 (Call 08/15/26) |
1,046 | 940,961 | ||||||
United Airlines Pass Through Trust |
||||||||
Series 2014-1, Class A, 4.00%, 10/11/27 |
221 | 198,875 | ||||||
Series 2014-2, Class A, 3.75%, 03/03/28 |
510 | 454,420 | ||||||
Series 2020-1, Class B, 4.88%, 07/15/27(a) |
1,143 | 1,061,870 | ||||||
|
|
|||||||
2,656,126 | ||||||||
Apparel — 0.2% | ||||||||
NIKE Inc., 2.38%, 11/01/26 (Call 08/01/26) |
2,647 | 2,408,876 | ||||||
|
|
|||||||
Auto Manufacturers — 1.7% | ||||||||
American Honda Finance Corp. |
||||||||
1.30%, 09/09/26(a) |
2,028 | 1,759,391 | ||||||
2.30%, 09/09/26 |
1,954 | 1,745,020 | ||||||
General Motors Financial Co. Inc. |
||||||||
1.25%, 01/08/26 (Call 12/08/25) |
3,660 | 3,129,337 | ||||||
1.50%, 06/10/26 (Call 05/10/26) |
3,033 | 2,554,817 | ||||||
4.00%, 10/06/26 (Call 07/06/26) |
2,020 | 1,853,754 | ||||||
5.25%, 03/01/26 (Call 12/01/25)(a) |
3,270 | 3,168,074 | ||||||
PACCAR Financial Corp., 1.10%, 05/11/26 |
1,073 | 942,663 | ||||||
Toyota Motor Corp., 1.34%, 03/25/26 (Call 02/25/26)(a) |
3,227 | 2,850,571 | ||||||
Toyota Motor Credit Corp. |
||||||||
0.80%, 01/09/26 |
1,849 | 1,615,120 | ||||||
1.13%, 06/18/26 |
2,193 | 1,904,335 | ||||||
|
|
|||||||
21,523,082 |
Security |
(000) |
Value | ||||||
Banks — 24.6% |
||||||||
Banco Santander SA, 1.85%, 03/25/26 |
$ | 4,717 | $ | 4,026,431 | ||||
Bank of America Corp. |
||||||||
3.50%, 04/19/26 |
6,802 | 6,358,646 | ||||||
4.25%, 10/22/26 |
5,741 | 5,430,756 | ||||||
4.45%, 03/03/26 |
5,559 | 5,328,913 | ||||||
6.22%, 09/15/26(a) |
1,020 | 1,035,320 | ||||||
Bank of Montreal, 1.25%, 09/15/26 |
4,365 | 3,713,436 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
0.75%, 01/28/26 (Call 12/28/25) |
1,179 | 1,030,599 | ||||||
1.05%, 10/15/26 (Call 09/15/26) |
2,062 | 1,753,607 | ||||||
2.45%, 08/17/26 (Call 05/17/26) |
2,785 | 2,525,327 | ||||||
2.80%, 05/04/26 (Call 02/04/26)(a) |
2,245 | 2,078,825 | ||||||
Bank of Nova Scotia (The) |
||||||||
1.05%, 03/02/26 |
2,840 | 2,461,826 | ||||||
1.30%, 09/15/26(a) |
2,610 | 2,225,103 | ||||||
1.35%, 06/24/26 |
2,060 | 1,781,303 | ||||||
2.70%, 08/03/26 |
3,547 | 3,197,975 | ||||||
Barclays PLC |
||||||||
4.38%, 01/12/26 |
6,528 | 6,062,423 | ||||||
5.20%, 05/12/26 |
5,327 | 4,908,458 | ||||||
BPCE SA, 3.38%, 12/02/26 |
1,869 | 1,703,014 | ||||||
Canadian Imperial Bank of Commerce, 1.25%, 06/22/26 |
2,875 | 2,459,505 | ||||||
Citigroup Inc. |
||||||||
3.20%, 10/21/26 (Call 07/21/26) |
7,225 | 6,585,804 | ||||||
3.40%, 05/01/26 |
5,269 | 4,892,108 | ||||||
3.70%, 01/12/26 |
5,486 | 5,157,773 | ||||||
4.30%, 11/20/26 |
2,732 | 2,577,970 | ||||||
4.60%, 03/09/26(a) |
3,518 | 3,376,787 | ||||||
Citizens Bank NA/Providence RI, 3.75%, 02/18/26 (Call 11/18/25) |
1,342 | 1,257,145 | ||||||
Citizens Financial Group Inc., 2.85%, 07/27/26(a) |
1,637 | 1,483,826 | ||||||
Cooperatieve Rabobank UA, 3.75%, 07/21/26 |
4,015 | 3,649,153 | ||||||
Credit Suisse AG/New York NY, 1.25%, 08/07/26 |
4,530 | 3,616,797 | ||||||
Credit Suisse Group AG, 4.55%, 04/17/26(a) |
4,986 | 4,367,287 | ||||||
Deutsche Bank AG, 4.10%, 01/13/26 |
857 | 807,671 | ||||||
Deutsche Bank AG/New York NY |
||||||||
1.69%, 03/19/26(a) |
2,550 | 2,194,530 | ||||||
4.10%, 01/13/26(a) |
1,415 | 1,317,379 | ||||||
Discover Bank |
||||||||
3.45%, 07/27/26 (Call 04/27/26) |
2,504 | 2,247,065 | ||||||
4.25%, 03/13/26 |
1,025 | 954,654 | ||||||
Fifth Third Bank NA, 3.85%, 03/15/26 (Call 02/15/26) |
2,663 | 2,483,008 | ||||||
Goldman Sachs Group Inc. (The) |
||||||||
3.50%, 11/16/26 (Call 11/16/25) |
7,446 | 6,842,725 | ||||||
3.75%, 02/25/26 (Call 11/25/25) |
5,881 | 5,525,788 | ||||||
HSBC Holdings PLC |
||||||||
3.90%, 05/25/26 |
5,950 | 5,434,016 | ||||||
4.30%, 03/08/26(a) |
7,823 | 7,365,746 | ||||||
4.38%, 11/23/26 |
3,999 | 3,639,890 | ||||||
JPMorgan Chase & Co. |
||||||||
2.95%, 10/01/26 (Call 07/01/26)(a) |
6,702 | 6,123,349 | ||||||
3.20%, 06/15/26 (Call 03/15/26) |
3,909 | 3,622,040 | ||||||
3.30%, 04/01/26 (Call 01/01/26) |
6,145 | 5,738,938 | ||||||
4.13%, 12/15/26(a) |
5,235 | 4,962,414 | ||||||
7.63%, 10/15/26(a) |
2,072 | 2,232,829 | ||||||
KeyBank NA/Cleveland OH, 3.40%, 05/20/26 |
2,015 | 1,852,248 | ||||||
Lloyds Banking Group PLC, 4.65%, 03/24/26 |
4,709 | 4,342,263 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
2.76%, 09/13/26 |
2,898 | 2,584,552 | ||||||
3.85%, 03/01/26(a) |
5,970 | 5,609,830 |
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) October 31, 2022 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Banks (continued) |
||||||||
Mizuho Financial Group Inc., 2.84%, 09/13/26(a) |
$ | 2,472 | $ | 2,195,087 | ||||
Morgan Stanley |
||||||||
3.13%, 07/27/26 |
7,597 | 6,932,414 | ||||||
3.88%, 01/27/26 |
7,590 | 7,188,185 | ||||||
4.35%, 09/08/26 |
5,145 | 4,903,236 | ||||||
6.25%, 08/09/26 |
2,153 | 2,192,744 | ||||||
National Australia Bank Ltd./New York |
||||||||
2.50%, 07/12/26 |
3,228 | 2,932,961 | ||||||
3.38%, 01/14/26(a) |
2,604 | 2,459,244 | ||||||
NatWest Group PLC, 4.80%, 04/05/26 |
4,576 | 4,317,822 | ||||||
PNC Financial Services Group Inc. (The) |
||||||||
1.15%, 08/13/26 (Call 07/13/26) |
2,416 | 2,074,305 | ||||||
2.60%, 07/23/26 |
3,216 | 2,905,174 | ||||||
Royal Bank of Canada |
||||||||
0.88%, 01/20/26 |
3,675 | 3,177,773 | ||||||
1.15%, 07/14/26 |
1,685 | 1,439,175 | ||||||
1.20%, 04/27/26 |
4,500 | 3,884,085 | ||||||
1.40%, 11/02/26 |
2,805 | 2,389,019 | ||||||
4.65%, 01/27/26(a) |
4,074 | 3,933,814 | ||||||
Santander Holdings USA Inc., 3.24%, 10/05/26 (Call 08/05/26) |
3,020 | 2,665,694 | ||||||
State Street Corp., 2.65%, 05/19/26(a) |
3,381 | 3,131,651 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
0.95%, 01/12/26 |
2,549 | 2,195,862 | ||||||
1.40%, 09/17/26 |
4,982 | 4,216,964 | ||||||
2.63%, 07/14/26(a) |
5,705 | 5,116,415 | ||||||
3.01%, 10/19/26 |
3,872 | 3,500,056 | ||||||
3.78%, 03/09/26(a) |
3,573 | 3,365,087 | ||||||
SVB Financial Group, 1.80%, 10/28/26 (Call 09/28/26) |
1,910 | 1,613,587 | ||||||
Toronto-Dominion Bank (The) |
||||||||
0.75%, 01/06/26 |
3,602 | 3,109,751 | ||||||
1.20%, 06/03/26(a) |
3,570 | 3,074,663 | ||||||
1.25%, 09/10/26 |
4,585 | 3,910,638 | ||||||
Truist Bank |
||||||||
3.30%, 05/15/26 (Call 04/15/26) |
3,154 | 2,896,791 | ||||||
3.80%, 10/30/26 (Call 09/30/26)(a) |
2,118 | 1,970,397 | ||||||
U.S. Bancorp. |
||||||||
3.10%, 04/27/26 (Call 03/27/26)(a) |
3,374 | 3,129,891 | ||||||
Series V, 2.38%, 07/22/26 (Call 06/22/26) |
4,390 | 3,978,394 | ||||||
Wachovia Corp., 7.57%, 08/01/26(a)(b) |
725 | 764,723 | ||||||
Wells Fargo & Co. |
||||||||
3.00%, 04/22/26 |
8,803 | 8,057,298 | ||||||
3.00%, 10/23/26 |
8,752 | 7,926,161 | ||||||
4.10%, 06/03/26 |
6,241 | 5,899,805 | ||||||
Westpac Banking Corp. |
||||||||
1.15%, 06/03/26 |
2,205 | 1,916,035 | ||||||
2.70%, 08/19/26 |
3,737 | 3,416,141 | ||||||
2.85%, 05/13/26(a) |
5,075 | 4,696,202 | ||||||
|
|
|||||||
304,404,296 | ||||||||
Beverages — 1.6% | ||||||||
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc., 3.65%, 02/01/26 (Call 11/01/25)(a) |
8,502 | 8,150,187 | ||||||
Constellation Brands Inc., 3.70%, 12/06/26 (Call 09/06/26) |
2,317 | 2,168,851 | ||||||
Keurig Dr Pepper Inc., 2.55%, 09/15/26 (Call 06/15/26) |
922 | 827,348 | ||||||
Molson Coors Beverage Co., 3.00%, 07/15/26 (Call 04/15/26)(a) |
5,246 | 4,784,037 | ||||||
PepsiCo Inc. |
||||||||
2.38%, 10/06/26 (Call 07/06/26) |
2,618 | 2,394,528 | ||||||
2.85%, 02/24/26 (Call 11/24/25) |
2,101 | 1,979,688 | ||||||
|
|
|||||||
20,304,639 |
Security | Par (000) |
Value | ||||||
Biotechnology — 0.8% |
||||||||
Amgen Inc., 2.60%, 08/19/26 (Call 05/19/26)(a) |
$ | 3,580 | $ | 3,273,624 | ||||
Gilead Sciences Inc., 3.65%, 03/01/26 (Call 12/01/25) |
6,571 | 6,227,928 | ||||||
|
|
|||||||
9,501,552 | ||||||||
Building Materials — 0.2% | ||||||||
Johnson Controls International PLC, 3.90%, 02/14/26 (Call 11/14/25) |
1,512 | 1,440,558 | ||||||
Owens Corning, 3.40%, 08/15/26 (Call 05/15/26) |
1,772 | 1,622,107 | ||||||
|
|
|||||||
3,062,665 | ||||||||
Chemicals — 0.9% | ||||||||
Celanese U.S. Holdings LLC, 1.40%, 08/05/26 (Call 07/05/26) |
1,375 | 1,110,560 | ||||||
Ecolab Inc., 2.70%, 11/01/26 (Call 08/01/26)(a) |
1,639 | 1,502,553 | ||||||
FMC Corp., 3.20%, 10/01/26 (Call 08/01/26)(a) |
1,632 | 1,491,518 | ||||||
Linde Inc./CT, 3.20%, 01/30/26 (Call 10/30/25) |
1,696 | 1,608,096 | ||||||
Nutrien Ltd., 4.00%, 12/15/26 (Call 09/15/26)(a) |
1,241 | 1,168,538 | ||||||
PPG Industries Inc., 1.20%, 03/15/26 (Call 02/15/26) |
865 | 749,194 | ||||||
Sherwin-Williams Co. (The), 3.95%, 01/15/26 (Call 10/15/25)(a) |
895 | 859,728 | ||||||
Westlake Corp., 3.60%, 08/15/26 (Call 05/15/26) |
2,343 | 2,157,762 | ||||||
|
|
|||||||
10,647,949 | ||||||||
Commercial Services — 0.8% | ||||||||
Global Payments Inc. |
||||||||
1.20%, 03/01/26 (Call 02/01/26) |
3,290 | 2,808,903 | ||||||
4.80%, 04/01/26 (Call 01/01/26) |
2,289 | 2,198,974 | ||||||
GXO Logistics Inc., 1.65%, 07/15/26 (Call 06/15/26) |
1,453 | 1,207,980 | ||||||
PayPal Holdings Inc., 2.65%, 10/01/26 (Call 08/01/26) |
3,394 | 3,096,516 | ||||||
|
|
|||||||
9,312,373 | ||||||||
Computers — 5.2% | ||||||||
Apple Inc. |
||||||||
0.70%, 02/08/26 (Call 01/08/26) |
5,768 | 5,058,594 | ||||||
2.05%, 09/11/26 (Call 07/11/26) |
4,964 | 4,491,179 | ||||||
2.45%, 08/04/26 (Call 05/04/26) |
5,617 | 5,170,112 | ||||||
3.25%, 02/23/26 (Call 11/23/25)(a) |
7,774 | 7,410,643 | ||||||
CGI Inc., 1.45%, 09/14/26 (Call 08/14/26) |
1,630 | 1,399,632 | ||||||
Dell International LLC/EMC Corp. |
||||||||
4.90%, 10/01/26 (Call 08/01/26) |
4,098 | 3,935,227 | ||||||
6.02%, 06/15/26 (Call 03/15/26) |
11,214 | 11,196,843 | ||||||
DXC Technology Co., 1.80%, 09/15/26 (Call 08/15/26) |
1,715 | 1,470,064 | ||||||
Fortinet Inc., 1.00%, 03/15/26 (Call 02/15/26) |
2,040 | 1,752,095 | ||||||
Genpact Luxembourg SARL/Genpact USA Inc., 1.75%, 04/10/26 (Call 03/10/26) |
955 | 840,696 | ||||||
Hewlett Packard Enterprise Co., 1.75%, 04/01/26 (Call 03/01/26)(a) |
2,204 | 1,951,532 | ||||||
HP Inc., 1.45%, 06/17/26 (Call 05/17/26)(a) |
2,770 | 2,369,680 | ||||||
International Business Machines Corp. |
||||||||
3.30%, 05/15/26 |
7,835 | 7,351,345 | ||||||
3.45%, 02/19/26(a) |
3,365 | 3,193,149 | ||||||
Kyndryl Holdings Inc., 2.05%, 10/15/26 (Call 09/15/26) |
2,185 | 1,713,215 | ||||||
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25)(a) |
5,185 | 4,790,473 | ||||||
|
|
|||||||
64,094,479 | ||||||||
Cosmetics & Personal Care — 0.6% | ||||||||
Procter & Gamble Co. (The) |
||||||||
1.00%, 04/23/26(a) |
2,004 | 1,773,540 | ||||||
2.45%, 11/03/26(a) |
2,701 | 2,489,107 | ||||||
2.70%, 02/02/26 |
1,345 | 1,266,277 | ||||||
Unilever Capital Corp., 2.00%, 07/28/26 |
1,911 | 1,721,008 | ||||||
|
|
|||||||
7,249,932 |
54 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Diversified Financial Services — 4.4% |
| |||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
1.75%, 01/30/26 (Call 12/30/25) |
$ | 2,898 | $ | 2,475,298 | ||||
2.45%, 10/29/26 (Call 09/29/26) |
8,675 | 7,335,753 | ||||||
4.45%, 04/03/26 (Call 02/03/26) |
1,563 | 1,444,212 | ||||||
Air Lease Corp. |
||||||||
1.88%, 08/15/26 (Call 07/15/26) |
3,310 | 2,776,759 | ||||||
2.88%, 01/15/26 (Call 12/15/25) |
3,851 | 3,424,348 | ||||||
3.75%, 06/01/26 (Call 04/01/26) |
2,190 | 1,986,089 | ||||||
Aircastle Ltd., 4.25%, 06/15/26 (Call 04/15/26) |
1,911 | 1,685,617 | ||||||
American Express Co. |
||||||||
1.65%, 11/04/26 (Call 10/04/26)(a) |
3,615 | 3,113,889 | ||||||
3.13%, 05/20/26 (Call 04/20/26) |
2,887 | 2,670,302 | ||||||
Ameriprise Financial Inc., 2.88%, 09/15/26 (Call 06/15/26) |
1,955 | 1,790,037 | ||||||
Brookfield Finance Inc., 4.25%, 06/02/26 (Call 03/02/26) |
1,268 | 1,202,711 | ||||||
Capital One Financial Corp. |
||||||||
3.75%, 07/28/26 (Call 06/28/26) |
3,677 | 3,363,131 | ||||||
4.99%, 07/24/26 (Call 07/24/25)(c) |
1,000 | 963,250 | ||||||
Charles Schwab Corp. (The) |
||||||||
0.90%, 03/11/26 (Call 02/11/26) |
3,164 | 2,733,063 | ||||||
1.15%, 05/13/26 (Call 04/13/26) |
2,298 | 1,991,194 | ||||||
3.45%, 02/13/26 (Call 11/13/25) |
935 | 891,850 | ||||||
Discover Financial Services, 4.50%, 01/30/26 (Call 11/30/25)(a) |
2,201 | 2,063,768 | ||||||
Invesco Finance PLC, 3.75%, 01/15/26(a) |
2,055 | 1,946,229 | ||||||
Legg Mason Inc., 4.75%, 03/15/26(a) |
1,263 | 1,243,474 | ||||||
Mastercard Inc., 2.95%, 11/21/26 (Call 08/21/26)(a) |
2,184 | 2,031,950 | ||||||
Nasdaq
Inc., 3.85%, 06/30/26 |
1,122 | 1,068,727 | ||||||
Nomura Holdings Inc., 1.65%, 07/14/26 |
3,170 | 2,692,978 | ||||||
Synchrony Financial, 3.70%, 08/04/26 (Call 05/04/26)(a) |
1,741 | 1,563,488 | ||||||
Western Union Co. (The), 1.35%, 03/15/26 (Call 02/15/26) |
2,360 | 2,021,434 | ||||||
|
|
|||||||
54,479,551 | ||||||||
Electric — 5.0% | ||||||||
AEP Transmission Co. LLC, 3.10%, 12/01/26 (Call 09/01/26) |
1,125 | 1,037,025 | ||||||
AES Corp. (The), 1.38%, 01/15/26 (Call 12/15/25) |
2,290 | 1,983,255 | ||||||
Ameren Corp., 3.65%, 02/15/26 (Call 11/15/25) |
1,526 | 1,443,535 | ||||||
Baltimore Gas & Electric Co., 2.40%, 08/15/26 (Call 05/15/26) |
661 | 597,947 | ||||||
Black Hills Corp., 3.95%, 01/15/26 (Call 07/15/25) |
1,135 | 1,078,488 | ||||||
CenterPoint Energy Houston Electric LLC, Series Z, 2.40%, 09/01/26 (Call 06/01/26)(a) |
1,286 | 1,160,461 | ||||||
CenterPoint Energy Inc., 1.45%, 06/01/26 (Call 05/01/26) |
1,570 | 1,365,194 | ||||||
Cleco Corporate Holdings LLC, 3.74%, 05/01/26 (Call 02/01/26) |
1,457 | 1,349,371 | ||||||
CMS Energy Corp., 3.00%, 05/15/26 (Call 02/15/26) |
651 | 597,917 | ||||||
Commonwealth Edison Co., 2.55%, 06/15/26 (Call 03/15/26) |
1,415 | 1,297,767 | ||||||
Dominion Energy Inc. |
||||||||
Series A, 1.45%, 04/15/26 (Call 03/15/26) |
1,750 | 1,527,978 | ||||||
Series D, 2.85%, 08/15/26 (Call 05/15/26) |
1,458 | 1,318,703 | ||||||
DTE Energy Co., 2.85%, 10/01/26 (Call 07/01/26) |
1,406 | 1,272,852 | ||||||
Duke Energy Carolinas LLC, 2.95%, 12/01/26 (Call 09/01/26)(a) |
1,394 | 1,289,408 | ||||||
Duke Energy Corp., 2.65%, 09/01/26 (Call 06/01/26) |
4,276 | 3,866,188 | ||||||
Emera U.S. Finance LP, 3.55%, 06/15/26 (Call 03/15/26) |
1,646 | 1,518,336 | ||||||
Enel Americas SA, 4.00%, 10/25/26 (Call 07/25/26)(a) |
1,330 | 1,229,545 | ||||||
Entergy Arkansas LLC, 3.50%, 04/01/26 (Call 01/01/26)(a) |
1,263 | 1,195,164 | ||||||
Entergy Corp., 2.95%, 09/01/26 (Call 06/01/26) |
2,258 | 2,056,473 | ||||||
Entergy Louisiana LLC, 2.40%, 10/01/26 (Call 07/01/26) |
1,235 | 1,094,655 | ||||||
Evergy Kansas Central Inc., 2.55%, 07/01/26 (Call 04/01/26) |
369 | 335,425 |
Security | Par (000) |
Value | ||||||
Electric (continued) |
| |||||||
Eversource Energy, Series U, 1.40%, 08/15/26 (Call 07/15/26) |
$ | 1,305 | $ | 1,124,401 | ||||
Exelon Corp., 3.40%, 04/15/26 (Call 01/15/26) |
2,442 | 2,281,097 | ||||||
Fortis Inc./Canada, 3.06%, 10/04/26 (Call 07/04/26) |
2,714 | 2,447,024 | ||||||
Georgia Power Co., 3.25%, 04/01/26 (Call 01/01/26) |
737 | 687,127 | ||||||
ITC Holdings Corp., 3.25%, 06/30/26 (Call 03/30/26) |
1,320 | 1,211,443 | ||||||
National Rural Utilities Cooperative Finance Corp., 1.00%, 06/15/26 (Call 05/15/26) |
1,398 | 1,209,871 | ||||||
Pacific Gas and Electric Co. |
||||||||
2.95%, 03/01/26 (Call 12/01/25) |
1,611 | 1,430,858 | ||||||
3.15%, 01/01/26 |
5,056 | 4,555,405 | ||||||
PPL Capital Funding Inc., 3.10%, 05/15/26 (Call 02/15/26) |
2,048 | 1,872,343 | ||||||
Public Service Electric & Gas Co. |
||||||||
0.95%, 03/15/26 (Call 02/15/26) |
1,371 | 1,196,691 | ||||||
2.25%, 09/15/26 (Call 06/15/26) |
1,353 | 1,213,330 | ||||||
San Diego Gas & Electric Co., 2.50%, 05/15/26 (Call 02/15/26) |
1,450 | 1,322,777 | ||||||
Sierra Pacific Power Co., 2.60%, 05/01/26 (Call 02/01/26) |
1,296 | 1,189,715 | ||||||
Southern California Edison Co., Series 2020-C, 1.20%, 02/01/26 (Call 01/01/26) |
901 | 787,699 | ||||||
Southern Co. (The), 3.25%, 07/01/26 (Call 04/01/26) |
4,452 | 4,118,768 | ||||||
Southern Power Co., 0.90%, 01/15/26 (Call 12/15/25) |
778 | 673,888 | ||||||
Southwestern Electric Power Co. |
||||||||
Series K, 2.75%, 10/01/26 (Call 07/01/26) |
1,172 | 1,051,870 | ||||||
Series N, 1.65%, 03/15/26 (Call 02/15/26) |
1,640 | 1,442,429 | ||||||
Virginia Electric & Power Co. |
||||||||
Series A, 3.15%, 01/15/26 (Call 10/15/25) |
1,410 | 1,318,421 | ||||||
Series B, 2.95%, 11/15/26 (Call 08/15/26) |
1,545 | 1,404,822 | ||||||
Xcel Energy Inc., 3.35%, 12/01/26 (Call 06/01/26) |
1,340 | 1,235,601 | ||||||
|
|
|||||||
62,391,267 | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Emerson Electric Co., 0.88%, 10/15/26 (Call 09/15/26) |
2,168 | 1,848,198 | ||||||
|
|
|||||||
Electronics — 1.5% | ||||||||
Agilent Technologies Inc., 3.05%, 09/22/26 (Call 06/22/26)(a) |
1,322 | 1,214,891 | ||||||
Avnet Inc., 4.63%, 04/15/26 (Call 01/15/26) |
2,108 | 1,992,903 | ||||||
Flex Ltd., 3.75%, 02/01/26 (Call 01/01/26) |
2,260 | 2,093,528 | ||||||
Fortive Corp., 3.15%, 06/15/26 (Call 03/15/26) |
2,607 | 2,396,433 | ||||||
Honeywell International Inc., 2.50%, 11/01/26 (Call 08/01/26) |
3,703 | 3,387,986 | ||||||
Hubbell Inc., 3.35%, 03/01/26 (Call 12/01/25)(a) |
1,298 | 1,224,170 | ||||||
Jabil Inc., 1.70%, 04/15/26 (Call 03/15/26)(a) |
2,010 | 1,742,549 | ||||||
TD SYNNEX Corp., 1.75%, 08/09/26 (Call 07/09/26) |
2,520 | 2,128,367 | ||||||
Tyco Electronics Group SA, 3.70%, 02/15/26 (Call 11/15/25) |
1,395 | 1,332,002 | ||||||
Vontier Corp., 1.80%, 04/01/26 (Call 03/01/26) |
1,773 | 1,467,991 | ||||||
|
|
|||||||
18,980,820 | ||||||||
Environmental Control — 0.1% | ||||||||
Republic Services Inc., 2.90%, 07/01/26 (Call 04/01/26)(a) |
1,979 | 1,811,656 | ||||||
|
|
|||||||
Food — 1.6% | ||||||||
Bestfoods, Series E, 7.25%, 12/15/26(a) |
74 | 80,271 | ||||||
Flowers Foods Inc., 3.50%, 10/01/26 (Call 07/01/26) |
840 | 773,321 | ||||||
Hershey Co. (The), 2.30%, 08/15/26 (Call 05/15/26) |
1,201 | 1,091,709 | ||||||
Ingredion
Inc., 3.20%, 10/01/26 |
988 | 905,295 | ||||||
Kellogg Co., 3.25%, 04/01/26 |
2,047 | 1,918,182 | ||||||
Kraft Heinz Foods Co., 3.00%, 06/01/26 (Call 03/01/26) |
5,160 | 4,755,250 | ||||||
Kroger Co. (The) |
||||||||
2.65%, 10/15/26 (Call 07/15/26) |
2,150 | 1,923,239 | ||||||
3.50%, 02/01/26 (Call 11/01/25) |
2,011 | 1,884,589 |
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) October 31, 2022 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Food (continued) | ||||||||
McCormick & Co. Inc./MD, 0.90%, 02/15/26 (Call 01/15/26) |
$ | 1,928 | $ | 1,664,327 | ||||
Sysco Corp., 3.30%, 07/15/26 (Call 04/15/26) |
2,446 | 2,263,626 | ||||||
Tyson Foods Inc., 4.00%, 03/01/26 (Call 01/01/26)(a) |
2,498 | 2,385,840 | ||||||
|
|
|||||||
19,645,649 | ||||||||
Gas — 0.3% | ||||||||
National Fuel Gas Co., 5.50%, 01/15/26 (Call 12/15/25)(a) |
1,477 | 1,446,603 | ||||||
Southern California Gas Co., Series TT, 2.60%, 06/15/26 (Call 03/15/26) |
1,335 | 1,215,798 | ||||||
Southern Co. Gas Capital Corp., 3.25%, 06/15/26 (Call 03/15/26) |
885 | 814,315 | ||||||
|
|
|||||||
3,476,716 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Stanley Black & Decker Inc., 3.40%, 03/01/26 (Call 01/01/26) |
1,368 | 1,284,839 | ||||||
|
|
|||||||
Health Care - Products — 0.9% | ||||||||
Abbott Laboratories, 3.75%, 11/30/26 (Call 08/30/26)(a) |
4,898 | 4,706,978 | ||||||
Baxter International Inc., 2.60%, 08/15/26 (Call 05/15/26) |
1,930 | 1,736,170 | ||||||
Stryker Corp., 3.50%, 03/15/26 (Call 12/15/25) |
2,515 | 2,382,535 | ||||||
Zimmer Biomet Holdings Inc., 3.05%, 01/15/26 (Call 12/15/25) |
1,876 | 1,740,740 | ||||||
|
|
|||||||
10,566,423 | ||||||||
Health Care - Services — 2.0% | ||||||||
Elevance Health Inc., 1.50%, 03/15/26 (Call 02/15/26)(a) |
2,258 | 1,995,462 | ||||||
HCA Inc. |
||||||||
5.25%, 06/15/26 (Call 12/15/25) |
3,742 | 3,629,366 | ||||||
5.38%, 09/01/26 (Call 03/01/26) |
3,340 | 3,241,570 | ||||||
5.88%, 02/15/26 (Call 08/15/25) |
3,595 | 3,564,407 | ||||||
Laboratory Corp. of America Holdings, 1.55%, 06/01/26 (Call 05/01/26) |
1,675 | 1,453,632 | ||||||
Providence St Joseph Health Obligated Group, Series H, 2.75%, 10/01/26 (Call 07/01/26)(a) |
1,085 | 989,639 | ||||||
Quest Diagnostics Inc., 3.45%, 06/01/26 (Call 03/01/26) |
1,908 | 1,790,315 | ||||||
UnitedHealth Group Inc. |
||||||||
1.15%, 05/15/26 (Call 04/15/26) |
2,607 | 2,299,426 | ||||||
1.25%, 01/15/26(a) |
1,192 | 1,059,509 | ||||||
3.10%, 03/15/26(a) |
2,915 | 2,742,723 | ||||||
Universal Health Services Inc., 1.65%, 09/01/26 (Call 08/01/26)(d) |
2,350 | 1,974,917 | ||||||
|
|
|||||||
24,740,966 | ||||||||
Holding Companies - Diversified — 2.2% | ||||||||
Ares Capital Corp. |
||||||||
2.15%, 07/15/26 (Call 06/15/26) |
2,752 | 2,275,133 | ||||||
3.88%, 01/15/26 (Call 12/15/25) |
3,188 | 2,861,549 | ||||||
Bain Capital Specialty Finance Inc. |
||||||||
2.55%, 10/13/26 (Call 09/13/26) |
1,015 | 822,830 | ||||||
2.95%, 03/10/26 (Call 02/10/26) |
937 | 792,918 | ||||||
Barings BDC Inc., 3.30%, 11/23/26 (Call 10/13/26)(d) |
1,010 | 835,068 | ||||||
Blackstone Private Credit Fund, 2.63%, 12/15/26 (Call 11/15/26) |
3,217 | 2,659,269 | ||||||
Blackstone Secured Lending Fund |
||||||||
2.75%, 09/16/26(a) |
1,905 | 1,635,023 | ||||||
3.63%, 01/15/26 (Call 12/15/25) |
1,985 | 1,790,272 | ||||||
FS KKR Capital Corp., 3.40%, 01/15/26 (Call 12/15/25) |
2,941 | 2,588,903 | ||||||
Goldman Sachs BDC Inc., 2.88%, 01/15/26 (Call 12/15/25) |
1,761 | 1,592,736 | ||||||
Golub Capital BDC Inc., 2.50%, 08/24/26 (Call 07/24/26) |
1,578 | 1,312,817 | ||||||
Main Street Capital Corp., 3.00%, 07/14/26 (Call 06/14/26) |
1,608 | 1,360,593 | ||||||
Owl Rock Capital Corp. |
||||||||
3.40%, 07/15/26 (Call 06/15/26) |
2,768 | 2,358,115 | ||||||
4.25%, 01/15/26 (Call 12/15/25) |
1,475 | 1,335,952 |
Security | Par (000) |
Value | ||||||
Holding Companies - Diversified (continued) | ||||||||
OWL
Rock Core Income Corp., |
$ | 995 | $ | 831,929 | ||||
Prospect Capital Corp. |
||||||||
3.36%, 11/15/26 (Call 10/15/26)(a) |
920 | 746,451 | ||||||
3.71%, 01/22/26 (Call 12/22/25) |
1,435 | 1,233,440 | ||||||
Sixth Street Specialty Lending Inc., 2.50%, 08/01/26 (Call 07/01/26) |
773 | 652,497 | ||||||
|
|
|||||||
27,685,495 | ||||||||
Home Builders — 0.4% | ||||||||
DR Horton Inc., 1.30%, 10/15/26 (Call 09/15/26) |
2,113 | 1,766,046 | ||||||
Lennar
Corp., 5.25%, 06/01/26 |
1,521 | 1,478,366 | ||||||
PulteGroup Inc., 5.50%, 03/01/26 (Call 12/01/25)(a) |
1,483 | 1,452,628 | ||||||
|
|
|||||||
4,697,040 | ||||||||
Household Products & Wares — 0.1% | ||||||||
Kimberly-Clark Corp., 2.75%, 02/15/26 |
1,230 | 1,148,648 | ||||||
|
|
|||||||
Insurance — 3.0% | ||||||||
Aflac Inc. |
||||||||
1.13%, 03/15/26 (Call 02/15/26) |
1,500 | 1,313,175 | ||||||
2.88%, 10/15/26 (Call 07/15/26)(a) |
1,087 | 1,002,051 | ||||||
Allstate Corp. (The), 3.28%, 12/15/26 (Call 09/15/26) |
1,463 | 1,360,824 | ||||||
American International Group Inc., 3.90%, 04/01/26 (Call 01/01/26) |
2,120 | 2,019,364 | ||||||
Arch Capital Finance LLC, 4.01%, 12/15/26 (Call 09/15/26) |
1,310 | 1,236,011 | ||||||
Berkshire Hathaway Inc., 3.13%, 03/15/26 (Call 12/15/25) |
7,631 | 7,232,280 | ||||||
Chubb INA Holdings Inc., 3.35%, 05/03/26 (Call 02/03/26) |
3,555 | 3,347,317 | ||||||
CNA Financial Corp., 4.50%, 03/01/26 (Call 12/01/25)(a) |
1,600 | 1,541,536 | ||||||
Hanover Insurance Group Inc. (The), 4.50%, 04/15/26 (Call 01/15/26)(a) |
1,449 | 1,388,823 | ||||||
Lincoln National Corp., 3.63%, 12/12/26 (Call 09/15/26)(a) |
995 | 924,504 | ||||||
Loews Corp., 3.75%, 04/01/26 (Call 01/01/26) |
1,736 | 1,667,879 | ||||||
Manulife Financial Corp., 4.15%, 03/04/26 |
3,088 | 2,971,613 | ||||||
Marsh & McLennan Companies Inc., 3.75%, 03/14/26 (Call 12/14/25)(a) |
2,028 | 1,930,758 | ||||||
Munich Re America Corp., Series B, 7.45%, 12/15/26(a) |
30 | 32,028 | ||||||
Old Republic International Corp., 3.88%, 08/26/26 (Call 07/26/26) |
1,587 | 1,488,051 | ||||||
Principal Financial Group Inc., 3.10%, 11/15/26 (Call 08/15/26) |
1,083 | 983,786 | ||||||
Prudential Financial Inc., 1.50%, 03/10/26 (Call 02/10/26)(a) |
1,585 | 1,405,372 | ||||||
Reinsurance Group of America Inc., 3.95%, 09/15/26 (Call 06/15/26) |
1,020 | 967,185 | ||||||
Swiss Re America Holding Corp., 7.00%, 02/15/26 |
574 | 601,414 | ||||||
Trinity Acquisition PLC, 4.40%, 03/15/26 (Call 12/15/25) |
1,534 | 1,460,966 | ||||||
Voya Financial Inc., 3.65%, 06/15/26 |
1,900 | 1,763,979 | ||||||
|
|
|||||||
36,638,916 | ||||||||
Internet — 1.7% | ||||||||
Alphabet Inc., 2.00%, 08/15/26 (Call 05/15/26) |
5,832 | 5,310,036 | ||||||
Amazon.com Inc., 1.00%, 05/12/26 (Call 04/12/26) |
6,560 | 5,742,821 | ||||||
Baidu Inc., 1.72%, 04/09/26 (Call 03/09/26) |
1,500 | 1,306,845 | ||||||
Booking Holdings Inc., 3.60%, 06/01/26 (Call 03/01/26)(a) |
2,771 | 2,618,373 | ||||||
eBay Inc., 1.40%, 05/10/26 (Call 04/10/26) |
2,448 | 2,130,445 | ||||||
Expedia Group Inc., 5.00%, 02/15/26 (Call 11/15/25) |
2,765 | 2,672,041 | ||||||
JD.com Inc., 3.88%, 04/29/26 |
816 | 756,530 | ||||||
|
|
|||||||
20,537,091 | ||||||||
Iron & Steel — 0.3% | ||||||||
ArcelorMittal SA, 4.55%, 03/11/26(a) |
855 | 816,739 | ||||||
Steel Dynamics Inc., 5.00%, 12/15/26 |
1,473 | 1,420,517 | ||||||
Vale Overseas Ltd., 6.25%, 08/10/26(a) |
1,726 | 1,754,237 | ||||||
|
|
|||||||
3,991,493 |
56 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Lodging — 0.3% | ||||||||
Hyatt Hotels Corp., 4.85%, 03/15/26 (Call 12/15/25)(a) |
$ | 1,472 | $ | 1,411,515 | ||||
Marriott International Inc./MD, Series R, 3.13%, 06/15/26 (Call 03/15/26) |
2,071 | 1,892,045 | ||||||
|
|
|||||||
3,303,560 | ||||||||
Machinery — 1.2% | ||||||||
Caterpillar Financial Services Corp. |
||||||||
0.90%, 03/02/26 |
1,183 | 1,037,148 | ||||||
1.15%, 09/14/26(a) |
1,137 | 984,676 | ||||||
2.40%, 08/09/26(a) |
1,590 | 1,446,709 | ||||||
CNH Industrial Capital LLC |
||||||||
1.45%, 07/15/26 (Call 06/15/26)(a) |
1,655 | 1,415,257 | ||||||
1.88%, 01/15/26 (Call 12/15/25) |
1,498 | 1,320,577 | ||||||
John Deere Capital Corp. |
||||||||
0.70%, 01/15/26 |
1,498 | 1,309,372 | ||||||
1.05%, 06/17/26(a) |
1,497 | 1,306,222 | ||||||
1.30%, 10/13/26 |
555 | 482,362 | ||||||
2.25%, 09/14/26 |
1,626 | 1,475,124 | ||||||
2.65%, 06/10/26 |
1,137 | 1,052,782 | ||||||
Westinghouse Air Brake Technologies Corp., 3.45%, 11/15/26 (Call 08/15/26)(a) |
2,199 | 1,983,212 | ||||||
Xylem Inc./NY, 3.25%, 11/01/26 (Call 08/01/26)(a) |
1,355 | 1,244,581 | ||||||
|
|
|||||||
15,058,022 | ||||||||
Manufacturing — 0.6% | ||||||||
3M Co., 2.25%, 09/19/26 (Call 06/19/26)(a) |
1,971 | 1,777,783 | ||||||
Illinois Tool Works Inc., 2.65%, 11/15/26 (Call 08/15/26) |
3,014 | 2,769,957 | ||||||
Textron
Inc., 4.00%, 03/15/26 |
1,450 | 1,381,618 | ||||||
Trane Technologies Luxembourg Finance SA, 3.50%, 03/21/26 (Call 01/21/26) |
1,757 | 1,636,329 | ||||||
|
|
|||||||
7,565,687 | ||||||||
Media — 1.8% | ||||||||
Comcast Corp., 3.15%, 03/01/26 (Call 12/01/25) |
5,996 | 5,634,801 | ||||||
Discovery Communications LLC, 4.90%, 03/11/26 (Call 12/11/25) |
1,922 | 1,824,824 | ||||||
Grupo Televisa SAB, 4.63%, 01/30/26 (Call 10/30/25) |
670 | 640,560 | ||||||
Paramount Global, 4.00%, 01/15/26 (Call 10/15/25)(a) |
2,813 | 2,640,141 | ||||||
TCI Communications Inc., 7.88%, 02/15/26 |
1,179 | 1,271,387 | ||||||
Thomson Reuters Corp., 3.35%, 05/15/26 (Call 02/15/26) |
1,644 | 1,527,539 | ||||||
TWDC Enterprises 18 Corp. |
||||||||
1.85%, 07/30/26(a) |
2,196 | 1,955,867 | ||||||
3.00%, 02/13/26 |
1,946 | 1,819,860 | ||||||
Walt Disney Co. (The) |
||||||||
1.75%, 01/13/26(a) |
3,802 | 3,443,167 | ||||||
3.38%, 11/15/26 (Call 08/15/26) |
1,964 | 1,834,514 | ||||||
|
|
|||||||
22,592,660 | ||||||||
Mining — 0.1% | ||||||||
BHP Billiton Finance USA Ltd., 6.42%, 03/01/26 |
630 | 650,809 | ||||||
|
|
|||||||
Office & Business Equipment — 0.2% | ||||||||
CDW LLC/CDW Finance Corp., 2.67%, 12/01/26 (Call 11/01/26) |
2,435 | 2,101,332 | ||||||
|
|
|||||||
Oil & Gas — 3.1% | ||||||||
BP Capital Markets America Inc. |
||||||||
3.12%, 05/04/26 (Call 02/04/26) |
2,670 | 2,492,498 | ||||||
3.41%, 02/11/26 (Call 12/11/25)(a) |
2,656 | 2,516,427 | ||||||
Chevron Corp., 2.95%, 05/16/26 (Call 02/16/26)(a) |
6,368 | 5,977,323 | ||||||
Diamondback Energy Inc., 3.25%, 12/01/26 (Call 10/01/26) |
2,187 | 2,004,604 | ||||||
EOG Resources Inc., 4.15%, 01/15/26 (Call 10/15/25) |
2,676 | 2,597,245 | ||||||
Exxon Mobil Corp. |
||||||||
2.28%, 08/16/26 (Call 06/16/26)(a) |
3,390 | 3,086,900 | ||||||
3.04%, 03/01/26 (Call 12/01/25) |
6,220 | 5,856,254 |
Security | Par (000) |
Value | ||||||
Oil & Gas (continued) | ||||||||
Marathon Petroleum Corp., 5.13%, 12/15/26 (Call 09/15/26)(a) |
$ | 1,695 | $ | 1,666,321 | ||||
Ovintiv Exploration Inc., 5.38%, 01/01/26 (Call 10/01/25)(a) |
2,550 | 2,494,997 | ||||||
Phillips 66, 1.30%, 02/15/26 (Call 01/15/26) |
1,336 | 1,167,023 | ||||||
Phillips 66 Co., 3.55%, 10/01/26 (Call 07/01/26)(d) |
1,488 | 1,375,969 | ||||||
Pioneer Natural Resources Co., 1.13%, 01/15/26 (Call 12/15/25) |
244 | 212,888 | ||||||
Shell International Finance BV |
||||||||
2.50%, 09/12/26 |
2,568 | 2,343,249 | ||||||
2.88%, 05/10/26 |
5,109 | 4,765,828 | ||||||
Valero Energy Corp., 3.40%, 09/15/26 (Call 06/15/26) |
15 | 13,957 | ||||||
|
|
|||||||
38,571,483 | ||||||||
Oil & Gas Services — 0.3% | ||||||||
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., 2.06%, 12/15/26 (Call 11/15/26) |
1,178 | 1,031,103 | ||||||
HF Sinclair Corp., 5.88%, 04/01/26(a) |
2,343 | 2,281,051 | ||||||
|
|
|||||||
3,312,154 | ||||||||
Packaging & Containers — 0.6% | ||||||||
Amcor Finance USA Inc., 3.63%, 04/28/26 (Call 01/28/26) |
1,965 | 1,812,535 | ||||||
Berry Global Inc., 1.57%, 01/15/26 (Call 12/15/25) |
3,589 | 3,112,058 | ||||||
WRKCo Inc., 4.65%, 03/15/26 (Call 01/15/26) |
2,636 | 2,554,126 | ||||||
|
|
|||||||
7,478,719 | ||||||||
Pharmaceuticals — 5.3% | ||||||||
AbbVie Inc. |
||||||||
2.95%, 11/21/26 (Call 09/21/26) |
10,194 | 9,308,039 | ||||||
3.20%, 05/14/26 (Call 02/14/26) |
5,098 | 4,751,285 | ||||||
Astrazeneca Finance LLC, 1.20%, 05/28/26 (Call 04/28/26) |
3,300 | 2,880,141 | ||||||
AstraZeneca PLC, 0.70%, 04/08/26 (Call 03/08/26)(a) |
3,532 | 3,044,725 | ||||||
Bristol-Myers Squibb Co., 3.20%, 06/15/26 (Call 04/15/26) |
4,698 | 4,435,899 | ||||||
Cigna Corp. |
||||||||
1.25%, 03/15/26 (Call 02/15/26) |
2,305 | 2,013,740 | ||||||
4.50%, 02/25/26 (Call 11/27/25) |
3,536 | 3,452,268 | ||||||
CVS Health Corp. |
||||||||
2.88%, 06/01/26 (Call 03/01/26) |
4,448 | 4,093,984 | ||||||
3.00%, 08/15/26 (Call 06/15/26) |
2,191 | 2,008,468 | ||||||
Johnson & Johnson, 2.45%, 03/01/26 (Call 12/01/25) |
5,348 | 4,997,973 | ||||||
McKesson Corp., 1.30%, 08/15/26 (Call 07/15/26) |
1,730 | 1,487,437 | ||||||
Merck & Co. Inc., 0.75%, 02/24/26 (Call 01/24/26)(a) |
2,826 | 2,477,017 | ||||||
Pfizer Inc. |
||||||||
2.75%, 06/03/26(a) |
2,946 | 2,753,420 | ||||||
3.00%, 12/15/26 |
4,529 | 4,236,517 | ||||||
Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26)(a) |
8,097 | 7,446,163 | ||||||
Utah Acquisition Sub Inc., 3.95%, 06/15/26 (Call 03/15/26) |
6,132 | 5,584,045 | ||||||
|
|
|||||||
64,971,121 | ||||||||
Pipelines — 2.7% | ||||||||
Boardwalk Pipelines LP, 5.95%, 06/01/26 (Call 03/01/26) |
945 | 947,155 | ||||||
Enbridge Inc. |
||||||||
1.60%, 10/04/26 (Call 09/04/26)(a) |
1,580 | 1,357,283 | ||||||
4.25%, 12/01/26 (Call 09/01/26) |
2,045 | 1,933,916 | ||||||
Energy Transfer LP |
||||||||
3.90%, 07/15/26 (Call 04/15/26) |
1,798 | 1,660,345 | ||||||
4.75%, 01/15/26 (Call 10/15/25) |
2,978 | 2,856,468 | ||||||
Enterprise Products Operating LLC, 3.70%, 02/15/26 (Call 11/15/25)(a) |
2,675 | 2,539,565 | ||||||
Kinder Morgan Inc., 1.75%, 11/15/26 (Call 10/15/26) |
983 | 847,798 | ||||||
Magellan Midstream Partners LP, 5.00%, 03/01/26 (Call 12/01/25) |
1,589 | 1,555,504 | ||||||
MPLX LP, 1.75%, 03/01/26 (Call 02/01/26) |
4,321 | 3,771,628 | ||||||
ONEOK Inc., 5.85%, 01/15/26 (Call 12/15/25) |
1,776 | 1,768,061 |
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) October 31, 2022 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Pipelines (continued) | ||||||||
Plains All American Pipeline LP/PAA Finance Corp., 4.50%, 12/15/26 (Call 09/15/26) |
$ | 1,983 | $ | 1,862,830 | ||||
Sabine Pass Liquefaction LLC, 5.88%, 06/30/26 (Call 12/31/25) |
4,117 | 4,102,138 | ||||||
Spectra Energy Partners LP, 3.38%, 10/15/26 (Call 07/15/26) |
1,908 | 1,748,720 | ||||||
TransCanada PipeLines Ltd., 4.88%, 01/15/26 (Call 10/15/25)(a) |
2,781 | 2,723,183 | ||||||
Transcontinental Gas Pipe Line Co. LLC, 7.85%, 02/01/26 (Call 11/01/25) |
3,512 | 3,701,999 | ||||||
|
|
|||||||
33,376,593 | ||||||||
Real Estate — 0.2% | ||||||||
CBRE Services Inc., 4.88%, 03/01/26 (Call 12/01/25)(a) |
2,289 | 2,242,716 | ||||||
|
|
|||||||
Real Estate Investment Trusts — 5.8% | ||||||||
Alexandria Real Estate Equities Inc. |
||||||||
3.80%, 04/15/26 (Call 02/15/26) |
960 | 908,813 | ||||||
4.30%, 01/15/26 (Call 10/15/25) |
1,000 | 962,080 | ||||||
American Tower Corp. |
||||||||
1.45%, 09/15/26 (Call 08/15/26) |
2,000 | 1,684,700 | ||||||
1.60%, 04/15/26 (Call 03/15/26)(a) |
1,780 | 1,537,351 | ||||||
3.38%, 10/15/26 (Call 07/15/26) |
2,307 | 2,089,265 | ||||||
4.40%, 02/15/26 (Call 11/15/25)(a) |
2,062 | 1,967,210 | ||||||
AvalonBay Communities Inc. |
||||||||
2.90%, 10/15/26 (Call 07/15/26) |
861 | 777,500 | ||||||
2.95%, 05/11/26 (Call 02/11/26) |
1,417 | 1,293,891 | ||||||
Boston Properties LP |
||||||||
2.75%, 10/01/26 (Call 07/01/26) |
2,644 | 2,341,950 | ||||||
3.65%, 02/01/26 (Call 11/03/25) |
3,428 | 3,193,902 | ||||||
Brixmor Operating Partnership LP, 4.13%, 06/15/26 (Call 03/15/26) |
1,845 | 1,699,946 | ||||||
Corporate Office Properties LP, 2.25%, 03/15/26 (Call 02/15/26)(a) |
1,332 | 1,151,860 | ||||||
Crown Castle Inc. |
||||||||
1.05%, 07/15/26 (Call 06/15/26) |
2,130 | 1,795,462 | ||||||
3.70%, 06/15/26 (Call 03/15/26) |
2,407 | 2,237,210 | ||||||
4.45%, 02/15/26 (Call 11/15/25) |
2,838 | 2,720,677 | ||||||
CubeSmart LP, 3.13%, 09/01/26 (Call 06/01/26) |
940 | 853,125 | ||||||
EPR Properties, 4.75%, 12/15/26 (Call 09/15/26) |
700 | 604,331 | ||||||
Equinix Inc. |
||||||||
1.45%, 05/15/26 (Call 04/15/26) |
2,224 | 1,913,129 | ||||||
2.90%, 11/18/26 (Call 09/18/26)(a) |
2,007 | 1,789,120 | ||||||
ERP Operating LP, 2.85%, 11/01/26 (Call 08/01/26)(a) |
1,143 | 1,034,872 | ||||||
Essex Portfolio LP, 3.38%, 04/15/26 (Call 01/15/26) |
1,557 | 1,435,445 | ||||||
Federal Realty Investment Trust, 1.25%, 02/15/26 (Call 01/15/26)(a) |
631 | 548,358 | ||||||
GLP Capital LP/GLP Financing II Inc., 5.38%, 04/15/26 (Call 01/15/26)(a) |
2,930 | 2,796,158 | ||||||
Healthcare Realty Holdings LP, 3.50%, 08/01/26 (Call 05/01/26) |
1,667 | 1,524,122 | ||||||
Healthpeak Properties Inc., 3.25%, 07/15/26 (Call 05/15/26) |
1,772 | 1,628,344 | ||||||
Host Hotels & Resorts LP, Series F, 4.50%, 02/01/26 (Call 11/01/25) |
855 | 798,741 | ||||||
Kimco Realty Corp., 2.80%, 10/01/26 (Call 07/01/26)(a) |
1,315 | 1,164,512 | ||||||
Kite Realty Group LP, 4.00%, 10/01/26 (Call 07/01/26)(a) |
1,110 | 1,003,895 | ||||||
LifeStorage LP/CA, 3.50%, 07/01/26 (Call 04/01/26) |
1,632 | 1,513,501 | ||||||
Mid-America Apartments LP, 1.10%, 09/15/26 (Call 08/15/26) |
475 | 401,560 | ||||||
National Retail Properties Inc., 3.60%, 12/15/26 (Call 09/15/26) |
1,175 | 1,073,927 | ||||||
Office Properties Income Trust, 2.65%, 06/15/26 (Call 05/15/26) |
1,020 | 745,702 |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
Omega Healthcare Investors Inc., 5.25%, 01/15/26 (Call 10/15/25)(a) |
$ | 1,511 | $ | 1,445,755 | ||||
Prologis LP |
||||||||
3.25%, 06/30/26 |
1,083 | 1,005,371 | ||||||
3.25%, 10/01/26 (Call 07/01/26)(a) |
970 | 901,799 | ||||||
Public Storage |
||||||||
0.88%, 02/15/26 (Call 01/15/26) |
2,718 | 2,350,499 | ||||||
1.50%, 11/09/26 (Call 10/09/26)(a) |
690 | 601,038 | ||||||
Realty Income Corp. |
||||||||
0.75%, 03/15/26 (Call 02/15/26)(a) |
880 | 750,446 | ||||||
4.13%, 10/15/26 (Call 07/15/26)(a) |
1,213 | 1,146,770 | ||||||
4.88%, 06/01/26 (Call 03/01/26)(a) |
1,604 | 1,560,740 | ||||||
Sabra Health Care LP, 5.13%, 08/15/26 (Call 05/15/26) |
1,615 | 1,461,769 | ||||||
Simon Property Group LP |
||||||||
3.25%, 11/30/26 (Call 08/30/26)(a) |
1,865 | 1,700,936 | ||||||
3.30%, 01/15/26 (Call 10/15/25) |
2,472 | 2,307,192 | ||||||
SITE Centers Corp., 4.25%, 02/01/26 (Call 11/01/25) |
921 | 859,173 | ||||||
Spirit Realty LP, 4.45%, 09/15/26 (Call 06/15/26)(a) |
1,015 | 954,587 | ||||||
Tanger Properties LP, 3.13%, 09/01/26 (Call 06/01/26)(a) |
1,059 | 938,613 | ||||||
UDR Inc., 2.95%, 09/01/26 (Call 06/01/26)(a) |
670 | 603,013 | ||||||
Ventas Realty LP |
||||||||
3.25%, 10/15/26 (Call 07/15/26) |
1,046 | 946,588 | ||||||
4.13%, 01/15/26 (Call 10/15/25) |
1,093 | 1,036,601 | ||||||
Vornado Realty LP, 2.15%, 06/01/26 (Call 05/01/26)(a) |
1,255 | 1,037,433 | ||||||
Welltower Inc., 4.25%, 04/01/26 (Call 01/01/26) |
1,763 | 1,671,959 | ||||||
WP Carey Inc., 4.25%, 10/01/26 (Call 07/01/26) |
913 | 852,970 | ||||||
|
|
|||||||
71,323,911 | ||||||||
Retail — 2.3% | ||||||||
AutoZone
Inc., 3.13%, 04/21/26 |
1,765 | 1,644,274 | ||||||
Home Depot Inc. (The) |
||||||||
2.13%, 09/15/26 (Call 06/15/26)(a) |
2,763 | 2,494,547 | ||||||
3.00%, 04/01/26 (Call 01/01/26) |
3,634 | 3,416,687 | ||||||
Lowe’s Companies Inc., 2.50%, 04/15/26 (Call 01/15/26) |
3,816 | 3,497,020 | ||||||
McDonald’s Corp., 3.70%, 01/30/26 (Call 10/30/25) |
4,406 | 4,230,156 | ||||||
O’Reilly Automotive Inc., 3.55%, 03/15/26 (Call 12/15/25) |
1,567 | 1,486,190 | ||||||
Ross Stores Inc., 0.88%, 04/15/26 (Call 03/15/26) |
1,367 | 1,173,856 | ||||||
Starbucks Corp., 2.45%, 06/15/26 (Call 03/15/26)(a) |
1,519 | 1,385,708 | ||||||
Target Corp., 2.50%, 04/15/26 |
2,499 | 2,309,901 | ||||||
TJX Companies Inc. (The), 2.25%, 09/15/26 (Call 06/15/26) |
3,119 | 2,818,297 | ||||||
Walgreens Boots Alliance Inc., 3.45%, 06/01/26 (Call 03/01/26) |
2,661 | 2,489,818 | ||||||
Walmart
Inc., 3.05%, 07/08/26 |
1,620 | 1,539,454 | ||||||
|
|
|||||||
28,485,908 | ||||||||
Semiconductors — 2.1% | ||||||||
Analog Devices Inc., 3.50%, 12/05/26 (Call 09/05/26)(a) |
3,498 | 3,300,118 | ||||||
Broadcom Inc., 3.46%, 09/15/26 (Call 07/15/26)(a) |
2,186 | 2,007,141 | ||||||
Intel Corp., 2.60%, 05/19/26 (Call 02/19/26)(a) |
3,456 | 3,197,491 | ||||||
Lam Research Corp., 3.75%, 03/15/26 (Call 01/15/26) |
2,731 | 2,620,531 | ||||||
Marvell Technology Inc., 1.65%, 04/15/26 (Call 03/15/26)(a) |
1,980 | 1,707,433 | ||||||
Micron Technology Inc., 4.98%, 02/06/26 (Call 12/06/25) |
1,400 | 1,364,986 | ||||||
NVIDIA
Corp., 3.20%, 09/16/26 |
2,865 | 2,698,687 | ||||||
NXP BV/NXP Funding LLC, 5.35%, 03/01/26 (Call 01/01/26) |
1,730 | 1,696,179 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 3.88%, 06/18/26 (Call 04/18/26) |
2,354 | 2,189,644 | ||||||
Skyworks Solutions Inc., 1.80%, 06/01/26 (Call 05/01/26) |
2,023 | 1,727,258 | ||||||
Texas Instruments Inc., 1.13%, 09/15/26 (Call 08/15/26) |
1,800 | 1,566,522 | ||||||
TSMC Arizona Corp., 1.75%, 10/25/26 (Call 09/25/26) |
2,905 | 2,508,322 | ||||||
|
|
|||||||
26,584,312 |
58 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Software — 3.3% | ||||||||
Activision Blizzard Inc., 3.40%, 09/15/26 (Call 06/15/26) |
$ | 3,272 | $ | 3,075,844 | ||||
Broadridge Financial Solutions Inc., 3.40%, 06/27/26 (Call 03/27/26)(a) |
2,087 | 1,930,433 | ||||||
Electronic
Arts Inc., 4.80%, 03/01/26 |
1,700 | 1,685,278 | ||||||
Fidelity National Information Services Inc., 1.15%, 03/01/26 (Call 02/01/26) |
3,191 | 2,754,790 | ||||||
Fiserv Inc., 3.20%, 07/01/26 (Call 05/01/26)(a) |
5,150 | 4,728,524 | ||||||
Microsoft Corp., 2.40%, 08/08/26 (Call 05/08/26) |
9,462 | 8,754,905 | ||||||
Oracle Corp. |
||||||||
1.65%, 03/25/26 (Call 02/25/26)(a) |
6,608 | 5,809,093 | ||||||
2.65%, 07/15/26 (Call 04/15/26) |
7,306 | 6,571,382 | ||||||
Roper Technologies Inc., 3.80%, 12/15/26 (Call 09/15/26) |
2,356 | 2,203,472 | ||||||
VMware Inc., 1.40%, 08/15/26 (Call 07/15/26) |
3,915 | 3,344,819 | ||||||
|
|
|||||||
40,858,540 | ||||||||
Telecommunications — 2.7% | ||||||||
AT&T Inc. |
||||||||
1.70%, 03/25/26 (Call 03/25/23) |
6,120 | 5,397,656 | ||||||
2.95%, 07/15/26 (Call 04/15/26) |
1,571 | 1,436,255 | ||||||
3.88%, 01/15/26 (Call 10/15/25)(a) |
1,411 | 1,354,236 | ||||||
Cisco Systems Inc. |
||||||||
2.50%, 09/20/26 (Call 06/20/26) |
3,445 | 3,185,936 | ||||||
2.95%, 02/28/26 |
2,346 | 2,214,647 | ||||||
Rogers Communications Inc., 2.90%, 11/15/26 (Call 08/15/26)(a) |
1,326 | 1,188,401 | ||||||
T-Mobile USA Inc. |
||||||||
1.50%, 02/15/26 (Call 01/15/26) |
2,575 | 2,261,803 | ||||||
2.25%, 02/15/26 (Call 02/15/23) |
4,545 | 4,082,819 | ||||||
2.63%, 04/15/26 (Call 04/15/23) |
3,030 | 2,735,939 | ||||||
Verizon Communications Inc. |
||||||||
1.45%, 03/20/26 (Call 02/20/26)(a) |
5,035 | 4,436,792 | ||||||
2.63%, 08/15/26(a) |
5,110 | 4,648,209 | ||||||
|
|
|||||||
32,942,693 | ||||||||
Toys, Games & Hobbies — 0.1% | ||||||||
Hasbro Inc., 3.55%, 11/19/26 (Call 09/19/26) |
1,939 | 1,777,443 | ||||||
|
|
|||||||
Transportation — 1.5% | ||||||||
Canadian National Railway Co., 2.75%, 03/01/26 (Call 12/01/25) |
1,744 | 1,611,543 | ||||||
Canadian Pacific Railway Co., 1.75%, 12/02/26 (Call 11/02/26) |
2,485 | 2,161,478 | ||||||
CSX Corp., 2.60%, 11/01/26 (Call 08/01/26)(a) |
1,871 | 1,697,746 | ||||||
FedEx Corp., 3.25%, 04/01/26 (Call 01/01/26) |
2,857 | 2,691,580 | ||||||
JB Hunt Transport Services Inc., 3.88%, 03/01/26 (Call 01/01/26) |
2,721 | 2,608,541 | ||||||
Norfolk Southern Corp., 2.90%, 06/15/26 (Call 03/15/26)(a) |
1,520 | 1,404,024 |
Security | Par/ Shares (000) |
Value | ||||||
Transportation (continued) | ||||||||
Ryder System Inc. |
||||||||
1.75%, 09/01/26 (Call 08/01/26) |
$ | 1,090 | $ | 947,940 | ||||
2.90%, 12/01/26 (Call 10/01/26) |
1,018 | 909,888 | ||||||
Union Pacific Corp., 2.75%, 03/01/26 (Call 12/01/25) |
1,585 | 1,475,920 | ||||||
United Parcel Service Inc., 2.40%, 11/15/26 (Call 08/15/26) |
1,347 | 1,223,521 | ||||||
Walmart Inc., 1.05%, 09/17/26 (Call 08/17/26) |
2,110 | 1,837,578 | ||||||
|
|
|||||||
18,569,759 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 3.25%, 09/15/26 (Call 06/15/26) |
1,555 | 1,405,176 | ||||||
|
|
|||||||
Venture Capital — 0.1% | ||||||||
Hercules Capital Inc., 2.63%, 09/16/26 (Call 08/16/26)(a) |
1,015 | 828,402 | ||||||
|
|
|||||||
Total
Long-Term Investments — 98.9% |
|
1,222,228,932 | ||||||
|
|
|||||||
Short-Term Securities | ||||||||
Money Market Funds — 4.8% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(e)(f)(g) |
52,933 | 52,922,169 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(e)(f) |
6,767 | 6,767,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 4.8% |
|
59,689,169 | ||||||
|
|
|||||||
Total
Investments — 103.7% |
|
1,281,918,101 | ||||||
Liabilities in Excess of Other Assets — (3.7)% |
|
(45,459,485 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 1,236,458,616 | |||||
|
|
(a) |
All or a portion of this security is on loan. |
(b) |
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. |
(c) |
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. |
(d) |
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. |
(e) |
Affiliate of the Fund. |
(f) |
Annualized 7-day yield as of period end. |
(g) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 65,569,882 | $ | — | $ | (12,602,528 | )(a) | $ | (37,624 | ) | $ | (7,561 | ) | $ | 52,922,169 | 52,933 | $ | 114,562 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
2,857,000 | 3,910,000 | (a) | — | — | — | 6,767,000 | 6,767 | 36,452 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (37,624 | ) | $ | (7,561 | ) | $ | 59,689,169 | $ | 151,014 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
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) October 31, 2022 |
iShares® iBonds® Dec 2026 Term Corporate ETF |
Affiliates (continued)
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 1,222,228,932 | $ | — | $ | 1,222,228,932 | ||||||||
Money Market Funds |
59,689,169 | — | — | 59,689,169 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 59,689,169 | $ | 1,222,228,932 | $ | — | $ | 1,281,918,101 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
60 |
2 0 2 2 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 October 31, 2022 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Corporate Bonds & Notes |
| |||||||
Aerospace & Defense — 1.9% | ||||||||
Boeing Co. (The) |
||||||||
2.70%, 02/01/27 (Call 12/01/26) |
$ | 2,456 | $ | 2,134,264 | ||||
2.80%, 03/01/27 (Call 12/01/26) |
1,306 | 1,133,686 | ||||||
5.04%, 05/01/27 (Call 03/01/27)(a) |
4,010 | 3,870,131 | ||||||
General Dynamics Corp. |
||||||||
2.63%, 11/15/27 (Call 08/15/27) |
731 | 650,086 | ||||||
3.50%, 04/01/27 (Call 02/01/27)(a) |
2,447 | 2,300,571 | ||||||
Lockheed Martin Corp., 5.10%, 11/15/27 |
45 | 45,097 | ||||||
Northrop Grumman Corp., 3.20%, 02/01/27 (Call 11/01/26) |
1,734 | 1,597,673 | ||||||
Raytheon Technologies Corp. |
||||||||
3.13%, 05/04/27 (Call 02/04/27) |
2,776 | 2,536,848 | ||||||
3.50%, 03/15/27 (Call 12/15/26) |
2,360 | 2,201,597 | ||||||
7.20%, 08/15/27(a) |
308 | 333,696 | ||||||
|
|
|||||||
16,803,649 | ||||||||
Agriculture — 1.2% | ||||||||
BAT Capital Corp. |
||||||||
3.56%, 08/15/27 (Call 05/15/27) |
6,474 | 5,666,433 | ||||||
4.70%, 04/02/27 (Call 02/02/27) |
2,024 | 1,884,142 | ||||||
Bunge Ltd. Finance Corp., 3.75%, 09/25/27 (Call 06/25/27)(a) |
1,889 | 1,727,982 | ||||||
Philip Morris International Inc., 3.13%, 08/17/27 (Call 05/17/27)(a) |
1,608 | 1,446,910 | ||||||
|
|
|||||||
10,725,467 | ||||||||
Airlines — 1.1% | ||||||||
American Airlines Pass Through Trust, Series 2015-2, Class AA, 3.60%, 03/22/29 |
202 | 175,857 | ||||||
Southwest Airlines Co. |
||||||||
3.45%, 11/16/27 (Call 08/16/27) |
610 | 547,621 | ||||||
5.13%, 06/15/27 (Call 04/15/27) |
4,500 | 4,387,635 | ||||||
United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 10/15/27(a) |
4,573 | 4,402,579 | ||||||
|
|
|||||||
9,513,692 | ||||||||
Apparel — 0.5% | ||||||||
NIKE Inc., 2.75%, 03/27/27 (Call 01/27/27) |
2,418 | 2,217,935 | ||||||
Tapestry
Inc., 4.13%, 07/15/27 |
1,114 | 1,007,680 | ||||||
VF Corp., 2.80%, 04/23/27 (Call 02/23/27) |
1,318 | 1,168,657 | ||||||
|
|
|||||||
4,394,272 | ||||||||
Auto Manufacturers — 2.5% | ||||||||
American Honda Finance Corp., 2.35%, 01/08/27 |
1,602 | 1,424,258 | ||||||
General Motors Co. |
||||||||
4.20%, 10/01/27 (Call 07/01/27)(a) |
1,815 | 1,661,251 | ||||||
6.80%, 10/01/27 (Call 08/01/27)(a) |
2,254 | 2,284,745 | ||||||
General Motors Financial Co. Inc. |
||||||||
2.35%, 02/26/27 (Call 01/26/27) |
2,095 | 1,777,209 | ||||||
2.70%, 08/20/27 (Call 06/20/27)(a) |
1,816 | 1,531,796 | ||||||
4.35%, 01/17/27 (Call 10/17/26)(a) |
2,742 | 2,527,685 | ||||||
5.00%, 04/09/27 (Call 03/09/27) |
2,750 | 2,600,647 | ||||||
Honda Motor Co. Ltd., 2.53%, 03/10/27 (Call 02/10/27)(a) |
450 | 402,557 | ||||||
PACCAR Financial Corp., 2.00%, 02/04/27 |
430 | 381,096 | ||||||
Toyota Motor Credit Corp. |
||||||||
1.15%, 08/13/27(a) |
2,082 | 1,730,038 | ||||||
1.90%, 01/13/27 |
1,015 | 889,546 | ||||||
3.05%, 03/22/27 |
2,050 | 1,876,673 | ||||||
3.20%, 01/11/27 |
1,463 | 1,353,158 | ||||||
4.55%, 09/20/27 |
1,215 | 1,181,891 | ||||||
|
|
|||||||
21,622,550 | ||||||||
Auto Parts & Equipment — 0.4% | ||||||||
BorgWarner Inc., 2.65%, 07/01/27 (Call 05/01/27) |
2,697 | 2,354,832 |
Security | Par (000) |
Value | ||||||
Auto Parts & Equipment (continued) |
| |||||||
Lear Corp., 3.80%, 09/15/27 (Call 06/15/27)(a) |
$ | 1,378 | $ | 1,245,560 | ||||
|
|
|||||||
3,600,392 | ||||||||
Banks — 14.7% | ||||||||
Banco Santander SA |
||||||||
4.25%, 04/11/27 |
2,325 | 2,099,382 | ||||||
5.29%, 08/18/27 |
3,345 | 3,088,271 | ||||||
Bank of America Corp. |
||||||||
3.25%, 10/21/27 (Call 10/21/26)(a) |
5,227 | 4,668,861 | ||||||
Series L, 4.18%, 11/25/27 (Call 11/25/26) |
4,819 | 4,418,300 | ||||||
Bank of Montreal |
||||||||
2.65%, 03/08/27(a) |
3,665 | 3,247,740 | ||||||
Series H, 4.70%, 09/14/27 (Call 08/14/27) |
575 | 550,804 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
2.05%, 01/26/27 (Call 12/26/26) |
2,560 | 2,249,574 | ||||||
3.25%, 05/16/27 (Call 02/16/27)(a) |
2,301 | 2,126,423 | ||||||
Bank of Nova Scotia (The) |
||||||||
1.95%, 02/02/27(a) |
2,060 | 1,779,758 | ||||||
2.95%, 03/11/27 |
1,170 | 1,047,969 | ||||||
Canadian Imperial Bank of Commerce, 3.45%, 04/07/27(a) |
2,150 | 1,961,123 | ||||||
Citigroup Inc., 4.45%, 09/29/27(a) |
8,879 | 8,273,275 | ||||||
Credit Suisse AG/New York NY, 5.00%, 07/09/27 |
2,155 | 1,938,379 | ||||||
Fifth Third Bancorp., 2.55%, 05/05/27 (Call 04/05/27) |
2,069 | 1,808,140 | ||||||
Fifth Third Bank NA, 2.25%, 02/01/27 (Call 01/01/27) |
1,529 | 1,339,817 | ||||||
Goldman Sachs Group Inc. (The) |
||||||||
3.85%, 01/26/27 (Call 01/26/26) |
6,889 | 6,392,992 | ||||||
5.95%, 01/15/27 |
2,211 | 2,231,363 | ||||||
ING Groep NV, 3.95%, 03/29/27 |
2,898 | 2,633,818 | ||||||
JPMorgan Chase & Co. |
||||||||
3.63%, 12/01/27 (Call 12/01/26) |
1,866 | 1,688,749 | ||||||
4.25%, 10/01/27 |
4,008 | 3,764,033 | ||||||
8.00%, 04/29/27 |
1,830 | 2,008,150 | ||||||
KeyBank NA/Cleveland OH, 4.39%, 12/14/27 |
500 | 472,940 | ||||||
KeyCorp, 2.25%, 04/06/27 |
2,072 | 1,780,345 | ||||||
Lloyds Banking Group PLC, 3.75%, 01/11/27 |
2,868 | 2,569,585 | ||||||
Manufacturers & Traders Trust Co., 3.40%, 08/17/27 |
1,460 | 1,297,064 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
3.29%, 07/25/27 |
2,411 | 2,157,218 | ||||||
3.68%, 02/22/27(a) |
2,226 | 2,043,535 | ||||||
Mizuho Financial Group Inc. |
||||||||
3.17%, 09/11/27(a) |
2,336 | 2,044,093 | ||||||
3.66%, 02/28/27(a) |
1,625 | 1,471,958 | ||||||
Morgan Stanley |
||||||||
3.63%, 01/20/27 |
6,126 | 5,651,051 | ||||||
3.95%, 04/23/27(a) |
4,015 | 3,717,529 | ||||||
National Australia Bank Ltd., 3.91%, 06/09/27 |
1,190 | 1,123,408 | ||||||
Northern Trust Corp., 4.00%, 05/10/27 (Call 04/10/27)(a) |
3,080 | 2,944,449 | ||||||
PNC Bank NA, 3.10%, 10/25/27 (Call 09/25/27)(a) |
2,470 | 2,228,854 | ||||||
PNC Financial Services Group Inc. (The), 3.15%, 05/19/27 (Call 04/19/27)(a) |
2,309 | 2,081,725 | ||||||
Royal Bank of Canada |
||||||||
2.05%, 01/21/27(a) |
325 | 283,754 | ||||||
3.63%, 05/04/27(a) |
2,660 | 2,450,232 | ||||||
4.24%, 08/03/27 |
2,625 | 2,467,132 | ||||||
6.00%, 11/01/27 |
60 | 60,376 | ||||||
Santander Holdings USA Inc., 4.40%, 07/13/27 (Call 04/14/27)(a) |
2,707 | 2,448,238 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
2.17%, 01/14/27(a) |
1,050 | 906,518 | ||||||
3.35%, 10/18/27(a) |
1,634 | 1,454,767 | ||||||
3.36%, 07/12/27 |
4,083 | 3,666,289 |
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) October 31, 2022 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Banks (continued) |
||||||||
3.45%, 01/11/27 |
$ | 2,537 | $ | 2,306,945 | ||||
Synchrony Bank, 5.63%, 08/23/27 (Call 07/23/27) |
1,100 | 1,037,003 | ||||||
Toronto-Dominion Bank (The) |
||||||||
1.95%, 01/12/27 |
1,555 | 1,347,501 | ||||||
2.80%, 03/10/27 |
2,585 | 2,305,329 | ||||||
4.11%, 06/08/27 |
1,975 | 1,850,575 | ||||||
4.69%, 09/15/27 |
1,445 | 1,384,527 | ||||||
Truist Financial Corp., 1.13%, 08/03/27 (Call 06/03/27)(a) |
2,480 | 2,012,644 | ||||||
U.S. Bancorp., Series X, 3.15%, 04/27/27 (Call 03/27/27) |
3,535 | 3,252,200 | ||||||
Wells Fargo & Co., 4.30%, 07/22/27 |
5,750 | 5,374,525 | ||||||
Westpac Banking Corp. |
||||||||
3.35%, 03/08/27(a) |
3,072 | 2,846,392 | ||||||
4.04%, 08/26/27(a) |
1,400 | 1,330,084 | ||||||
|
|
|||||||
129,685,706 | ||||||||
Beverages — 1.6% | ||||||||
Coca-Cola Co. (The) |
||||||||
1.45%, 06/01/27(a) |
3,222 | 2,797,598 | ||||||
2.90%, 05/25/27 |
1,086 | 1,003,627 | ||||||
3.38%, 03/25/27 |
2,458 | 2,335,911 | ||||||
Constellation Brands Inc. |
||||||||
3.50%, 05/09/27 (Call 02/09/27)(a) |
1,445 | 1,329,487 | ||||||
4.35%, 05/09/27 (Call 04/09/27)(a) |
620 | 592,503 | ||||||
Keurig Dr Pepper Inc., 3.43%, 06/15/27 (Call 03/15/27)(a) |
1,285 | 1,174,567 | ||||||
PepsiCo Inc. |
||||||||
2.63%, 03/19/27 (Call 01/19/27) |
1,657 | 1,510,008 | ||||||
3.00%, 10/15/27 (Call 07/15/27) |
3,619 | 3,342,291 | ||||||
|
|
|||||||
14,085,992 | ||||||||
Biotechnology — 1.6% | ||||||||
Amgen Inc. |
||||||||
2.20%, 02/21/27 (Call 12/21/26) |
4,046 | 3,592,160 | ||||||
3.20%, 11/02/27 (Call 08/02/27)(a) |
2,891 | 2,652,811 | ||||||
Bio-Rad Laboratories Inc., 3.30%, 03/15/27 (Call 02/15/27) |
675 | 608,107 | ||||||
Gilead Sciences Inc. |
||||||||
1.20%, 10/01/27 (Call 08/01/27) |
1,472 | 1,211,662 | ||||||
2.95%, 03/01/27 (Call 12/01/26)(a) |
3,643 | 3,315,203 | ||||||
Royalty Pharma PLC, 1.75%, 09/02/27 (Call 07/02/27)(a) |
2,773 | 2,286,006 | ||||||
|
|
|||||||
13,665,949 | ||||||||
Building Materials — 0.5% | ||||||||
Carrier Global Corp., 2.49%, 02/15/27 (Call 12/15/26) |
505 | 444,723 | ||||||
Lennox International Inc., 1.70%, 08/01/27 (Call 06/01/27) |
940 | 784,543 | ||||||
Martin Marietta Materials Inc. |
||||||||
3.45%, 06/01/27 (Call 03/01/27) |
700 | 640,171 | ||||||
3.50%, 12/15/27 (Call 09/15/27)(a) |
1,595 | 1,451,578 | ||||||
Masco Corp., 3.50%, 11/15/27 (Call 08/15/27) |
663 | 593,511 | ||||||
Vulcan Materials Co., 3.90%, 04/01/27 (Call 01/01/27) |
981 | 916,430 | ||||||
|
|
|||||||
4,830,956 | ||||||||
Chemicals — 1.8% | ||||||||
Air Products and Chemicals Inc., 1.85%, 05/15/27 (Call 03/15/27)(a) |
1,796 | 1,567,549 | ||||||
Albemarle Corp., 4.65%, 06/01/27 (Call 05/01/27) |
1,260 | 1,193,825 | ||||||
Celanese U.S. Holdings LLC, 6.17%, 07/15/27 (Call 06/15/27) |
4,455 | 4,209,039 | ||||||
Ecolab Inc. |
||||||||
1.65%, 02/01/27 (Call 01/01/27)(a) |
1,470 | 1,281,590 | ||||||
3.25%, 12/01/27 (Call 09/01/27)(a) |
1,401 | 1,288,920 | ||||||
LYB International Finance II BV, 3.50%, 03/02/27 (Call 12/02/26)(a) |
820 | 743,396 | ||||||
Mosaic Co. (The), 4.05%, 11/15/27 (Call 08/15/27) |
671 | 620,299 | ||||||
RPM International Inc., 3.75%, 03/15/27 (Call 12/15/26) |
1,626 | 1,491,757 |
Security | Par (000) |
Value | ||||||
Chemicals (continued) |
||||||||
Sherwin-Williams Co. (The), 3.45%, 06/01/27 (Call 03/01/27)(a) |
$ | 3,726 | $ | 3,421,996 | ||||
|
|
|||||||
15,818,371 | ||||||||
Commercial Services — 1.1% | ||||||||
Cintas Corp. No. 2, 3.70%, 04/01/27 (Call 01/01/27)(a) |
1,913 | 1,804,495 | ||||||
Equifax Inc., 5.10%, 12/15/27 (Call 11/15/27) |
270 | 260,296 | ||||||
Global Payments Inc. |
||||||||
2.15%, 01/15/27 (Call 12/15/26) |
2,361 | 2,016,129 | ||||||
4.95%, 08/15/27 (Call 07/15/27) |
195 | 185,425 | ||||||
Leland Stanford Junior University (The), 1.29%, 06/01/27 (Call 04/01/27) |
291 | 248,351 | ||||||
PayPal Holdings Inc., 3.90%, 06/01/27 (Call 05/01/27)(a) |
460 | 437,143 | ||||||
S&P Global Inc. |
||||||||
2.45%, 03/01/27 (Call 02/01/27)(b) |
2,115 | 1,894,469 | ||||||
2.95%, 01/22/27 (Call 10/22/26) |
1,523 | 1,393,758 | ||||||
United Rentals North America Inc., 3.88%, 11/15/27(a) |
1,595 | 1,451,019 | ||||||
|
|
|||||||
9,691,085 | ||||||||
Computers — 3.1% | ||||||||
Apple Inc. |
||||||||
2.90%, 09/12/27 (Call 06/12/27)(a) |
3,889 | 3,576,441 | ||||||
3.00%, 06/20/27 (Call 03/20/27) |
1,449 | 1,352,250 | ||||||
3.00%, 11/13/27 (Call 08/13/27) |
2,762 | 2,555,568 | ||||||
3.20%, 05/11/27 (Call 02/11/27) |
3,778 | 3,539,873 | ||||||
3.35%, 02/09/27 (Call 11/09/26) |
4,592 | 4,355,650 | ||||||
Dell International LLC/EMC Corp., 6.10%, 07/15/27 (Call 05/15/27)(a) |
1,755 | 1,756,439 | ||||||
HP
Inc., 3.00%, 06/17/27 |
2,423 | 2,136,335 | ||||||
International Business Machines Corp. |
||||||||
1.70%, 05/15/27 (Call 03/15/27) |
2,474 | 2,127,096 | ||||||
2.20%, 02/09/27 (Call 01/09/27) |
1,510 | 1,337,331 | ||||||
3.30%, 01/27/27 |
1,112 | 1,030,757 | ||||||
4.15%, 07/27/27 (Call 06/27/27)(a) |
1,215 | 1,161,102 | ||||||
6.22%, 08/01/27(a) |
830 | 866,014 | ||||||
NetApp Inc., 2.38%, 06/22/27 (Call 04/22/27)(a) |
1,658 | 1,463,351 | ||||||
|
|
|||||||
27,258,207 | ||||||||
Cosmetics & Personal Care — 1.1% | ||||||||
Colgate-Palmolive Co., 3.10%, 08/15/27 (Call 07/15/27) |
225 | 210,371 | ||||||
Estee Lauder Companies Inc. (The), 3.15%, 03/15/27 (Call 12/15/26) |
1,216 | 1,125,396 | ||||||
GSK Consumer Healthcare Capital U.S. LLC, 3.38%, 03/24/27 |
1,955 | 1,768,115 | ||||||
Procter & Gamble Co. (The) |
||||||||
1.90%, 02/01/27(a) |
1,215 | 1,089,964 | ||||||
2.80%, 03/25/27 |
1,419 | 1,308,488 | ||||||
2.85%, 08/11/27(a) |
2,243 | 2,063,403 | ||||||
Unilever Capital Corp., 2.90%, 05/05/27 (Call 02/05/27)(a) |
2,495 | 2,279,207 | ||||||
|
|
|||||||
9,844,944 | ||||||||
Diversified Financial Services — 6.6% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
3.65%, 07/21/27 (Call 04/21/27) |
2,177 | 1,900,652 | ||||||
4.63%, 10/15/27 (Call 08/15/27)(a) |
1,280 | 1,150,976 | ||||||
Air Lease Corp. |
||||||||
2.20%, 01/15/27 (Call 12/15/26)(a) |
1,765 | 1,477,252 | ||||||
3.63%, 04/01/27 (Call 01/01/27)(a) |
1,168 | 1,029,242 | ||||||
3.63%, 12/01/27 (Call 09/01/27) |
1,135 | 974,034 | ||||||
Ally Financial Inc., 4.75%, 06/09/27 (Call 05/09/27)(a) |
2,080 | 1,902,285 | ||||||
American Express Co. |
||||||||
2.55%, 03/04/27 (Call 02/01/27) |
3,530 | 3,101,846 | ||||||
3.30%, 05/03/27 |
3,288 | 2,979,586 | ||||||
5.85%, 11/05/27 |
580 | 579,582 |
62 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Diversified Financial Services (continued) |
| |||||||
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27) |
$ | 305 | $ | 278,740 | ||||
Andrew W Mellon Foundation (The), Series 2020, 0.95%, 08/01/27 (Call 06/01/27) |
6 | 5,040 | ||||||
Capital One Financial Corp. |
||||||||
3.65%, 05/11/27 (Call 04/11/27)(a) |
2,477 | 2,242,403 | ||||||
3.75%, 03/09/27 (Call 02/09/27) |
3,304 | 3,013,050 | ||||||
Cboe Global Markets Inc., 3.65%, 01/12/27 (Call 10/12/26)(a) |
1,818 | 1,701,593 | ||||||
Charles Schwab Corp. (The) |
||||||||
2.45%, 03/03/27 (Call 02/03/27) |
4,075 | 3,639,708 | ||||||
3.20%, 03/02/27 (Call 12/02/26) |
1,488 | 1,368,826 | ||||||
3.30%, 04/01/27 (Call 01/01/27)(a) |
1,396 | 1,286,456 | ||||||
Discover Financial Services, 4.10%, 02/09/27 (Call 11/09/26) |
2,744 | 2,499,043 | ||||||
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27) |
844 | 770,867 | ||||||
Intercontinental Exchange Inc. |
||||||||
3.10%, 09/15/27 (Call 06/15/27) |
1,676 | 1,520,836 | ||||||
4.00%, 09/15/27 (Call 08/15/27) |
3,155 | 2,989,079 | ||||||
Jefferies Group LLC, 6.45%, 06/08/27 |
886 | 891,431 | ||||||
Jefferies Group LLC/Jefferies Group Capital Finance Inc., 4.85%, 01/15/27(a) |
1,967 | 1,847,249 | ||||||
Lazard Group LLC, 3.63%, 03/01/27 (Call 12/01/26) |
676 | 617,600 | ||||||
Mastercard Inc., 3.30%, 03/26/27 (Call 01/26/27) |
3,064 | 2,874,921 | ||||||
Morgan Stanley Domestic Holdings Inc., 3.80%, 08/24/27 (Call 05/24/27) |
1,018 | 930,360 | ||||||
Nomura Holdings Inc. |
||||||||
2.33%, 01/22/27 |
2,696 | 2,296,102 | ||||||
5.39%, 07/06/27 |
1,190 | 1,142,828 | ||||||
ORIX Corp. |
||||||||
3.70%, 07/18/27(a) |
752 | 688,915 | ||||||
5.00%, 09/13/27 |
1,055 | 1,021,071 | ||||||
Radian Group Inc., 4.88%, 03/15/27 (Call 09/15/26) |
1,045 | 924,721 | ||||||
Synchrony Financial, 3.95%, 12/01/27 (Call 09/01/27) |
2,446 | 2,105,346 | ||||||
Visa Inc. |
||||||||
0.75%, 08/15/27 (Call 06/15/27)(a) |
1,297 | 1,080,634 | ||||||
1.90%, 04/15/27 (Call 02/15/27)(a) |
3,783 | 3,339,973 | ||||||
2.75%, 09/15/27 (Call 06/15/27) |
2,394 | 2,176,266 | ||||||
|
|
|||||||
58,348,513 | ||||||||
Electric — 5.7% |
| |||||||
Alabama Power Co., 3.75%, 09/01/27 (Call 08/01/27) |
540 | 508,156 | ||||||
Ameren Corp., 1.95%, 03/15/27 (Call 02/15/27) |
1,335 | 1,146,391 | ||||||
American Electric Power Co. Inc. |
||||||||
3.20%, 11/13/27 (Call 08/13/27)(a) |
1,621 | 1,453,016 | ||||||
5.75%, 11/01/27 |
200 | 199,470 | ||||||
Appalachian Power Co., Series X, 3.30%, 06/01/27 (Call 03/01/27) |
882 | 806,792 | ||||||
Arizona Public Service Co., 2.95%, 09/15/27 (Call 06/15/27) |
394 | 348,410 | ||||||
Black Hills Corp., 3.15%, 01/15/27 (Call 07/15/26) |
1,177 | 1,062,631 | ||||||
CenterPoint Energy Houston Electric LLC, Series AA, 3.00%, 02/01/27 (Call 11/01/26) |
719 | 662,595 | ||||||
CMS Energy Corp., 3.45%, 08/15/27 (Call 05/15/27) |
993 | 896,371 | ||||||
Commonwealth Edison Co., Series 122, 2.95%, 08/15/27 (Call 05/15/27) |
786 | 708,878 | ||||||
Connecticut Light & Power Co. (The), Series A, 3.20%, 03/15/27 (Call 12/15/26) |
942 | 868,929 | ||||||
Consolidated Edison Co. of New York Inc., Series B, 3.13%, 11/15/27 (Call 08/15/27)(a) |
747 | 674,160 | ||||||
Dominion Energy Inc., Series B, 3.60%, 03/15/27 (Call 01/15/27)(a) |
592 | 549,121 | ||||||
Duke Energy Corp., 3.15%, 08/15/27 (Call 05/15/27) |
1,729 | 1,559,662 | ||||||
Duke Energy Florida LLC, 3.20%, 01/15/27 (Call 10/15/26)(a) |
1,505 | 1,396,234 | ||||||
Edison International, 5.75%, 06/15/27 (Call 04/15/27)(a) |
2,048 | 2,000,486 |
Security | Par (000) |
Value | ||||||
Electric (continued) |
| |||||||
Entergy Louisiana LLC, 3.12%, 09/01/27 (Call 06/01/27) |
$ | 1,077 | $ | 971,583 | ||||
Evergy Kansas Central Inc., 3.10%, 04/01/27 (Call 01/01/27) |
580 | 531,031 | ||||||
Eversource Energy |
||||||||
2.90%, 03/01/27 (Call 02/01/27) |
1,290 | 1,157,143 | ||||||
4.60%, 07/01/27 (Call 06/01/27)(a) |
575 | 552,150 | ||||||
Exelon
Corp., 2.75%, 03/15/27 |
1,085 | 972,659 | ||||||
Georgia Power Co., 3.25%, 03/30/27 (Call 12/30/26) |
1,051 | 950,346 | ||||||
Gulf Power Co., Series A, 3.30%, 05/30/27 (Call 02/28/27) |
792 | 730,050 | ||||||
ITC Holdings Corp., 3.35%, 11/15/27 (Call 08/15/27)(a) |
1,410 | 1,271,200 | ||||||
MidAmerican Energy Co., 3.10%, 05/01/27 (Call 02/01/27) |
929 | 856,036 | ||||||
National Rural Utilities Cooperative Finance Corp., 3.05%, 04/25/27 (Call 01/25/27)(a) |
915 | 831,790 | ||||||
NextEra Energy Capital Holdings Inc. |
||||||||
1.88%, 01/15/27 (Call 12/15/26) |
1,690 | 1,462,475 | ||||||
3.55%, 05/01/27 (Call 02/01/27) |
3,968 | 3,661,036 | ||||||
4.63%, 07/15/27 (Call 06/15/27) |
780 | 750,578 | ||||||
NSTAR Electric Co., 3.20%, 05/15/27 (Call 02/15/27)(a) |
1,285 | 1,182,020 | ||||||
Pacific Gas and Electric Co. |
||||||||
2.10%, 08/01/27 (Call 06/01/27)(a) |
1,898 | 1,559,378 | ||||||
3.30%, 03/15/27 (Call 12/15/26) |
1,115 | 964,876 | ||||||
3.30%, 12/01/27 (Call 09/01/27) |
2,547 | 2,162,632 | ||||||
5.45%, 06/15/27 (Call 05/15/27) |
1,175 | 1,109,658 | ||||||
Public Service Electric & Gas Co., 3.00%, 05/15/27 (Call 02/15/27) |
1,058 | 967,266 | ||||||
Sempra
Energy, 3.25%, 06/15/27 |
2,218 | 2,006,358 | ||||||
Southern California Edison Co., Series D, 4.70%, 06/01/27 (Call 05/01/27) |
680 | 659,274 | ||||||
Southern Co. (The), 5.11%, 08/01/27 |
2,060 | 2,003,206 | ||||||
Union Electric Co., 2.95%, 06/15/27 (Call 03/15/27) |
1,039 | 942,061 | ||||||
Virginia Electric & Power Co. |
||||||||
Series A, 3.50%, 03/15/27 (Call 12/15/26)(a) |
2,024 | 1,886,732 | ||||||
Series B, 3.75%, 05/15/27 (Call 04/15/27) |
1,610 | 1,511,017 | ||||||
WEC Energy Group Inc. |
||||||||
1.38%, 10/15/27 (Call 08/15/27)(a) |
1,576 | 1,293,660 | ||||||
5.15%, 10/01/27 (Call 09/01/27) |
245 | 241,026 | ||||||
Wisconsin Power and Light Co., 3.05%, 10/15/27 (Call 07/15/27)(a) |
797 | 722,863 | ||||||
Xcel Energy Inc., 1.75%, 03/15/27 (Call 02/15/27) |
1,276 | 1,094,821 | ||||||
|
|
|||||||
49,846,227 | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Emerson Electric Co., 1.80%, 10/15/27 (Call 08/15/27) |
1,163 | 997,819 | ||||||
|
|
|||||||
Electronics — 0.8% | ||||||||
Allegion U.S. Holding Co. Inc., 3.55%, 10/01/27 (Call 07/01/27) |
1,110 | 982,960 | ||||||
Honeywell International Inc., 1.10%, 03/01/27 (Call 02/01/27)(a) |
2,273 | 1,952,462 | ||||||
Hubbell Inc., 3.15%, 08/15/27 (Call 05/15/27) |
785 | 705,841 | ||||||
Jabil Inc., 4.25%, 05/15/27 (Call 04/15/27) |
1,225 | 1,135,158 | ||||||
Keysight Technologies Inc., 4.60%, 04/06/27 (Call 01/06/27) |
1,708 | 1,635,171 | ||||||
Tyco Electronics Group SA, 3.13%, 08/15/27 (Call 05/15/27) |
1,087 | 990,040 | ||||||
|
|
|||||||
7,401,632 | ||||||||
Entertainment — 0.8% | ||||||||
Magallanes
Inc., 3.76%, 03/15/27 |
7,920 | 7,048,642 | ||||||
|
|
|||||||
Environmental Control — 0.3% | ||||||||
Republic Services Inc., 3.38%, 11/15/27 (Call 08/15/27) |
1,820 | 1,656,309 | ||||||
Waste Management Inc., 3.15%, 11/15/27 (Call 08/15/27)(a) |
1,246 | 1,136,577 | ||||||
|
|
|||||||
2,792,886 | ||||||||
Food — 2.1% | ||||||||
Conagra Brands Inc., 1.38%, 11/01/27 (Call 09/01/27) |
2,609 | 2,106,428 |
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) October 31, 2022 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Food (continued) |
||||||||
General Mills Inc., 3.20%, 02/10/27 (Call 11/10/26)(a) |
$ | 1,828 | $ | 1,696,219 | ||||
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance Inc., 2.50%,
01/15/27 |
200 | 170,578 | ||||||
JM Smucker Co. (The), 3.38%, 12/15/27 (Call 09/15/27)(a) |
1,200 | 1,085,568 | ||||||
Kellogg Co., 3.40%, 11/15/27 (Call 08/15/27) |
1,439 | 1,313,663 | ||||||
Kraft Heinz Foods Co., 3.88%, 05/15/27 (Call 02/15/27)(a) |
3,335 | 3,126,296 | ||||||
Kroger Co. (The), 3.70%, 08/01/27 (Call 05/01/27)(a) |
1,272 | 1,176,816 | ||||||
McCormick & Co. Inc./MD, 3.40%, 08/15/27 (Call 05/15/27)(a) |
1,905 | 1,734,541 | ||||||
Mondelez International Inc., 2.63%, 03/17/27 |
1,565 | 1,394,133 | ||||||
Sysco Corp., 3.25%, 07/15/27 (Call 04/15/27) |
1,869 | 1,691,520 | ||||||
Tyson Foods Inc., 3.55%, 06/02/27 (Call 03/02/27) |
2,905 | 2,674,256 | ||||||
|
|
|||||||
18,170,018 | ||||||||
Forest Products & Paper — 0.2% | ||||||||
Celulosa Arauco y Constitucion SA, 3.88%, 11/02/27 (Call 08/02/27) |
931 | 813,871 | ||||||
Fibria Overseas Finance Ltd., 5.50%, 01/17/27(a) |
1,233 | 1,186,158 | ||||||
|
|
|||||||
2,000,029 | ||||||||
Gas — 0.5% | ||||||||
Atmos Energy Corp., 3.00%, 06/15/27 (Call 03/15/27) |
714 | 650,533 | ||||||
National Fuel Gas Co., 3.95%, 09/15/27 (Call 06/15/27)(a) |
460 | 407,624 | ||||||
NiSource Inc., 3.49%, 05/15/27 (Call 02/15/27) |
2,523 | 2,308,696 | ||||||
Southern California Gas Co., 2.95%, 04/15/27 (Call 03/15/27) |
1,115 | 1,008,072 | ||||||
|
|
|||||||
4,374,925 | ||||||||
Hand & Machine Tools — 0.0% | ||||||||
Snap-on Inc., 3.25%, 03/01/27 (Call 12/01/26) |
36 | 33,659 | ||||||
|
|
|||||||
Health Care - Products — 0.4% | ||||||||
Baxter International Inc., 1.92%, 02/01/27 (Call 01/01/27) |
3,826 | 3,289,633 | ||||||
|
|
|||||||
Health Care - Services — 2.4% | ||||||||
Centene Corp., 4.25%, 12/15/27 (Call 12/15/22) |
623 | 574,730 | ||||||
Elevance Health Inc., 3.65%, 12/01/27 (Call 09/01/27) |
3,539 | 3,275,345 | ||||||
HCA Inc. |
||||||||
3.13%, 03/15/27 (Call 02/15/27)(b) |
1,925 | 1,704,838 | ||||||
4.50%, 02/15/27 (Call 08/15/26) |
2,248 | 2,105,432 | ||||||
Humana Inc. |
||||||||
1.35%, 02/03/27 (Call 01/03/27) |
1,619 | 1,357,062 | ||||||
3.95%, 03/15/27 (Call 12/15/26) |
1,529 | 1,431,786 | ||||||
Kaiser Foundation Hospitals, 3.15%, 05/01/27 (Call 02/01/27) |
1,721 | 1,576,694 | ||||||
Laboratory Corp. of America Holdings, 3.60%, 09/01/27 (Call 06/01/27)(a) |
1,412 | 1,299,774 | ||||||
SSM Health Care Corp., Series A, 3.82%, 06/01/27 (Call 03/01/27) |
1,140 | 1,064,395 | ||||||
UnitedHealth Group Inc. |
||||||||
3.70%, 05/15/27 (Call 04/15/27) |
1,320 | 1,248,746 | ||||||
2.95%, 10/15/27(a) |
2,095 | 1,896,583 | ||||||
3.38%, 04/15/27 |
1,369 | 1,277,797 | ||||||
3.45%, 01/15/27(a) |
2,517 | 2,363,992 | ||||||
|
|
|||||||
21,177,174 | ||||||||
Holding Companies - Diversified — 1.3% | ||||||||
Ares Capital Corp., 2.88%, 06/15/27 (Call 05/15/27)(a) |
1,535 | 1,263,719 | ||||||
Blackstone Private Credit Fund, 3.25%, 03/15/27 (Call 02/15/27) |
2,290 | 1,900,105 | ||||||
Blackstone Secured Lending Fund, 2.13%, 02/15/27 (Call 01/15/27)(a) |
1,490 | 1,198,690 | ||||||
FS KKR Capital Corp. |
||||||||
2.63%, 01/15/27 (Call 12/15/26) |
1,055 | 849,697 | ||||||
3.25%, 07/15/27 (Call 06/15/27) |
885 | 725,576 | ||||||
Golub Capital BDC Inc., 2.05%, 02/15/27 (Call 01/15/27) |
945 | 755,972 | ||||||
Morgan Stanley Direct Lending Fund, 4.50%, 02/11/27 (Call 01/11/27)(a) |
326 | 292,474 |
Security | Par (000) |
Value | ||||||
Holding Companies - Diversified (continued) |
| |||||||
Oaktree Specialty Lending Corp., 2.70%, 01/15/27 (Call 12/15/26)(a) |
$ | 890 | $ | 738,905 | ||||
Owl Rock Capital Corp., 2.63%, 01/15/27 (Call 12/15/26) |
1,345 | 1,075,986 | ||||||
Owl Rock Capital Corp. III, 3.13%, 04/13/27 (Call 03/13/27) |
765 | 615,251 | ||||||
OWL Rock Core Income Corp. |
||||||||
4.70%, 02/08/27 (Call 01/08/27) |
459 | 401,056 | ||||||
7.75%, 09/16/27 (Call 08/16/27)(b) |
640 | 624,218 | ||||||
Owl Rock Technology Finance Corp., 2.50%, 01/15/27 (Call 12/15/26) |
855 | 685,736 | ||||||
|
|
|||||||
11,127,385 | ||||||||
Home Builders — 0.8% | ||||||||
DR
Horton Inc., 1.40%, 10/15/27 |
1,504 | 1,209,863 | ||||||
Lennar Corp. |
||||||||
4.75%, 11/29/27 (Call 05/29/27) |
2,246 | 2,078,224 | ||||||
5.00%, 06/15/27 (Call 12/15/26) |
976 | 917,811 | ||||||
PulteGroup
Inc., 5.00%, 01/15/27 |
1,266 | 1,217,651 | ||||||
Toll Brothers Finance Corp., 4.88%, 03/15/27 (Call 12/15/26) |
1,386 | 1,277,823 | ||||||
|
|
|||||||
6,701,372 | ||||||||
Home Furnishings — 0.2% | ||||||||
Leggett & Platt Inc., 3.50%, 11/15/27 (Call 08/15/27) |
1,538 | 1,374,234 | ||||||
|
|
|||||||
Household Products & Wares — 0.4% | ||||||||
Church & Dwight Co. Inc., 3.15%, 08/01/27 (Call 05/01/27)(a) |
1,430 | 1,305,705 | ||||||
Clorox Co. (The), 3.10%, 10/01/27 (Call 07/01/27) |
1,379 | 1,249,043 | ||||||
Kimberly-Clark Corp., 1.05%, 09/15/27 (Call 07/15/27) |
1,640 | 1,369,285 | ||||||
|
|
|||||||
3,924,033 | ||||||||
Insurance — 2.1% | ||||||||
American Equity Investment Life Holding Co., 5.00%, 06/15/27 (Call 03/15/27) |
1,353 | 1,267,057 | ||||||
Aon Corp., 8.21%, 01/01/27 |
735 | 769,508 | ||||||
Aon Corp./Aon Global Holdings PLC, 2.85%, 05/28/27 (Call 04/28/27) |
1,230 | 1,092,006 | ||||||
AXIS Specialty Finance PLC, 4.00%, 12/06/27 (Call 09/06/27) |
863 | 790,258 | ||||||
Berkshire Hathaway Finance Corp., 2.30%, 03/15/27 (Call 02/15/27)(a) |
515 | 465,416 | ||||||
Brighthouse Financial Inc., 3.70%, 06/22/27 (Call 03/22/27) |
1,580 | 1,430,090 | ||||||
CNA Financial Corp., 3.45%, 08/15/27 |
1,815 | 1,640,542 | ||||||
Corebridge Financial Inc., 3.65%, 04/05/27 (Call 03/05/27)(b) |
2,955 | 2,679,889 | ||||||
Jackson Financial Inc., 5.17%, 06/08/27 (Call 05/08/27)(a) |
555 | 530,336 | ||||||
Manulife Financial Corp., 2.48%, 05/19/27 (Call 03/19/27) |
1,408 | 1,249,009 | ||||||
Markel Corp., 3.50%, 11/01/27 (Call 08/01/27) |
1,329 | 1,192,485 | ||||||
Mercury General Corp., 4.40%, 03/15/27 (Call 12/15/26) |
921 | 838,718 | ||||||
Progressive Corp. (The) |
||||||||
2.45%, 01/15/27 |
864 | 776,511 | ||||||
2.50%, 03/15/27 (Call 02/15/27) |
1,295 | 1,156,461 | ||||||
RenaissanceRe Finance Inc., 3.45%, 07/01/27 (Call 04/01/27)(a) |
831 | 760,548 | ||||||
Willis North America Inc., 4.65%, 06/15/27 (Call 05/15/27) |
1,820 | 1,714,677 | ||||||
|
|
|||||||
18,353,511 | ||||||||
Internet — 3.0% | ||||||||
Alibaba Group Holding Ltd., 3.40%, 12/06/27 (Call 09/06/27)(a) |
4,196 | 3,605,665 | ||||||
Alphabet Inc., 0.80%, 08/15/27 (Call 06/15/27)(a) |
3,137 | 2,641,856 | ||||||
Amazon.com Inc. |
||||||||
1.20%, 06/03/27 (Call 04/03/27) |
4,004 | 3,408,245 | ||||||
3.15%, 08/22/27 (Call 05/22/27)(a) |
7,105 | 6,579,372 | ||||||
3.30%, 04/13/27 (Call 03/13/27) |
2,195 | 2,059,656 | ||||||
Baidu Inc. |
||||||||
1.63%, 02/23/27 (Call 01/23/27) |
130 | 107,486 | ||||||
3.63%, 07/06/27(a) |
1,265 | 1,130,088 |
64 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Internet (continued) |
| |||||||
eBay Inc., 3.60%, 06/05/27 (Call 03/05/27)(a) |
$ | 2,314 | $ | 2,128,903 | ||||
Expedia Group Inc., 4.63%, 08/01/27 (Call 05/01/27) |
1,787 | 1,673,222 | ||||||
Meta Platforms Inc., 3.50%, 08/15/27 (Call 07/15/27)(b) |
2,775 | 2,549,392 | ||||||
VeriSign Inc., 4.75%, 07/15/27(a) |
815 | 784,022 | ||||||
|
|
|||||||
26,667,907 | ||||||||
Iron & Steel — 0.2% | ||||||||
Nucor Corp., 4.30%, 05/23/27 (Call 04/23/27) |
715 | 681,538 | ||||||
Steel Dynamics Inc., 1.65%, 10/15/27 (Call 08/15/27) |
961 | 783,859 | ||||||
|
|
|||||||
1,465,397 | ||||||||
Lodging — 0.0% | ||||||||
Marriott International Inc./MD, 5.00%, 10/15/27 (Call 09/15/27) |
220 | 211,827 | ||||||
|
|
|||||||
Machinery — 1.1% | ||||||||
Caterpillar Financial Services Corp. |
||||||||
1.10%, 09/14/27 |
1,632 | 1,361,855 | ||||||
1.70%, 01/08/27(a) |
565 | 495,562 | ||||||
3.60%, 08/12/27 |
1,320 | 1,237,936 | ||||||
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27) |
1,344 | 1,216,925 | ||||||
John Deere Capital Corp. |
||||||||
1.70%, 01/11/27 |
1,186 | 1,040,110 | ||||||
1.75%, 03/09/27 |
1,312 | 1,141,466 | ||||||
2.35%, 03/08/27(a) |
1,075 | 963,490 | ||||||
2.80%, 09/08/27 |
1,204 | 1,086,056 | ||||||
Otis Worldwide Corp., 2.29%, 04/05/27 (Call 02/05/27)(a) |
1,041 | 913,946 | ||||||
|
|
|||||||
9,457,346 | ||||||||
Manufacturing — 0.9% | ||||||||
3M Co., 2.88%, 10/15/27 (Call 07/15/27)(a) |
1,654 | 1,489,890 | ||||||
Carlisle Companies Inc., 3.75%, 12/01/27 (Call 09/01/27) |
1,700 | 1,550,876 | ||||||
Eaton Corp., 3.10%, 09/15/27 (Call 06/15/27) |
1,816 | 1,650,599 | ||||||
Parker-Hannifin Corp. |
||||||||
3.25%, 03/01/27 (Call 12/01/26) |
1,701 | 1,553,932 | ||||||
4.25%, 09/15/27 (Call 08/15/27)(a) |
510 | 483,669 | ||||||
Textron Inc., 3.65%, 03/15/27 (Call 12/15/26) |
1,541 | 1,404,883 | ||||||
|
|
|||||||
8,133,849 | ||||||||
Media — 1.7% | ||||||||
Comcast Corp. |
||||||||
2.35%, 01/15/27 (Call 10/15/26)(a) |
3,326 | 2,972,712 | ||||||
3.30%, 02/01/27 (Call 11/01/26) |
3,163 | 2,929,413 | ||||||
3.30%, 04/01/27 (Call 02/01/27) |
1,909 | 1,762,675 | ||||||
FactSet Research Systems Inc., 2.90%, 03/01/27 (Call 02/01/27) |
1,895 | 1,693,751 | ||||||
Paramount Global, 2.90%, 01/15/27 (Call 10/15/26) |
2,220 | 1,955,598 | ||||||
TWDC Enterprises 18 Corp., 2.95%, 06/15/27(a) |
2,306 | 2,110,820 | ||||||
Walt Disney Co. (The), 3.70%, 03/23/27 |
1,681 | 1,585,805 | ||||||
|
|
|||||||
15,010,774 | ||||||||
Mining — 0.3% | ||||||||
Freeport-McMoRan Inc., 5.00%, 09/01/27(a) |
1,600 | 1,528,752 | ||||||
Kinross Gold Corp., 4.50%, 07/15/27 (Call 04/15/27) |
1,491 | 1,382,068 | ||||||
|
|
|||||||
2,910,820 | ||||||||
Oil & Gas — 2.9% | ||||||||
BP Capital Markets America Inc. |
||||||||
3.02%, 01/16/27 (Call 10/16/26) |
2,203 | 2,014,511 | ||||||
3.54%, 04/06/27 (Call 02/06/27) |
1,301 | 1,211,699 | ||||||
3.59%, 04/14/27 (Call 01/14/27) |
1,685 | 1,572,476 | ||||||
BP Capital Markets PLC, 3.28%, 09/19/27 (Call 06/19/27)(a) |
3,157 | 2,884,456 | ||||||
Canadian Natural Resources Ltd., 3.85%, 06/01/27 (Call 03/01/27) |
3,033 | 2,799,277 | ||||||
Cenovus Energy Inc., 4.25%, 04/15/27 (Call 01/15/27)(a) |
15 | 14,075 |
Security | Par (000) |
Value | ||||||
Oil & Gas (continued) |
| |||||||
Chevron Corp., 2.00%, 05/11/27 (Call 03/11/27) |
$ | 2,218 | $ | 1,962,775 | ||||
Chevron USA Inc., 1.02%, 08/12/27 (Call 06/12/27) |
2,015 | 1,693,084 | ||||||
Coterra Energy Inc., 3.90%, 05/15/27 (Call 02/15/27)(a)(b) |
1,539 | 1,419,019 | ||||||
Devon Energy Corp., 5.25%, 10/15/27 |
658 | 653,124 | ||||||
Eni USA Inc., 7.30%, 11/15/27(a) |
557 | 582,895 | ||||||
EQT Corp., 3.90%, 10/01/27 (Call 07/01/27) |
1,531 | 1,376,002 | ||||||
Exxon Mobil Corp., 3.29%, 03/19/27 (Call 01/19/27)(a) |
2,025 | 1,901,191 | ||||||
Hess Corp., 4.30%, 04/01/27 (Call 01/01/27) |
2,047 | 1,917,855 | ||||||
Marathon Oil Corp., 4.40%, 07/15/27 (Call 04/15/27)(a) |
2,524 | 2,354,135 | ||||||
Valero Energy Corp., 2.15%, 09/15/27 (Call 07/15/27) |
1,440 | 1,236,182 | ||||||
|
|
|||||||
25,592,756 | ||||||||
Oil & Gas Services — 0.3% | ||||||||
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., 3.34%, 12/15/27 (Call 09/15/27) |
3,281 | 2,942,138 | ||||||
|
|
|||||||
Packaging & Containers — 0.5% | ||||||||
Berry Global Inc., 1.65%, 01/15/27 (Call 12/15/26)(a) |
1,471 | 1,213,163 | ||||||
Packaging Corp. of America, 3.40%, 12/15/27 (Call 09/15/27) |
1,421 | 1,278,744 | ||||||
Sonoco Products Co., 2.25%, 02/01/27 (Call 01/01/27) |
891 | 778,948 | ||||||
WRKCo Inc., 3.38%, 09/15/27 (Call 06/15/27) |
1,109 | 992,699 | ||||||
|
|
|||||||
4,263,554 | ||||||||
Pharmaceuticals — 4.6% | ||||||||
AmerisourceBergen Corp., 3.45%, 12/15/27 (Call 09/15/27)(a) |
2,184 | 1,994,079 | ||||||
AstraZeneca PLC, 3.13%, 06/12/27 (Call 03/12/27)(a) |
1,999 | 1,840,079 | ||||||
Becton Dickinson and Co., 3.70%, 06/06/27 (Call 03/06/27) |
3,874 | 3,598,985 | ||||||
Bristol-Myers Squibb Co. |
||||||||
1.13%, 11/13/27 (Call 09/13/27)(a) |
2,039 | 1,694,287 | ||||||
3.25%, 02/27/27 |
110 | 102,954 | ||||||
3.45%, 11/15/27 (Call 08/15/27) |
705 | 656,848 | ||||||
Cardinal Health Inc., 3.41%, 06/15/27 (Call 03/15/27) |
2,812 | 2,575,736 | ||||||
Cigna Corp. |
||||||||
3.05%, 10/15/27 (Call 07/15/27) |
1,240 | 1,111,102 | ||||||
3.40%, 03/01/27 (Call 12/01/26) |
3,475 | 3,199,224 | ||||||
CVS Health Corp. |
||||||||
1.30%, 08/21/27 (Call 06/21/27) |
5,047 | 4,184,518 | ||||||
3.63%, 04/01/27 (Call 02/01/27) |
1,658 | 1,543,896 | ||||||
6.25%, 06/01/27 |
822 | 851,165 | ||||||
Eli Lilly & Co. |
||||||||
3.10%, 05/15/27 (Call 02/15/27)(a) |
848 | 791,540 | ||||||
5.50%, 03/15/27(a) |
145 | 149,117 | ||||||
Johnson & Johnson |
||||||||
0.95%, 09/01/27 (Call 07/01/27)(a) |
3,726 | 3,155,140 | ||||||
2.95%, 03/03/27 (Call 12/03/26) |
2,035 | 1,895,073 | ||||||
Merck & Co. Inc., 1.70%, 06/10/27 (Call 05/10/27)(a) |
3,541 | 3,085,592 | ||||||
Novartis Capital Corp. |
||||||||
2.00%, 02/14/27 (Call 12/14/26)(a) |
2,845 | 2,543,658 | ||||||
3.10%, 05/17/27 (Call 02/17/27) |
2,274 | 2,118,231 | ||||||
Viatris Inc., 2.30%, 06/22/27 (Call 04/22/27)(a) |
1,836 | 1,501,646 | ||||||
Zoetis Inc., 3.00%, 09/12/27 |
2,186 | 1,962,307 | ||||||
|
|
|||||||
40,555,177 | ||||||||
Pipelines — 3.6% | ||||||||
Boardwalk Pipelines LP, 4.45%, 07/15/27 (Call 04/15/27) |
1,239 | 1,145,703 | ||||||
Cheniere Corpus Christi Holdings LLC, 5.13%, 06/30/27 (Call 01/01/27) |
3,452 | 3,370,740 | ||||||
DCP Midstream Operating LP, 5.63%, 07/15/27 (Call 04/15/27) |
695 | 674,407 | ||||||
Enbridge Inc., 3.70%, 07/15/27 (Call 04/15/27)(a) |
1,889 | 1,734,669 | ||||||
Energy Transfer LP |
||||||||
4.00%, 10/01/27 (Call 07/01/27) |
1,828 | 1,655,254 | ||||||
4.20%, 04/15/27 (Call 01/15/27) |
1,126 | 1,036,235 |
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) October 31, 2022 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Pipelines (continued) | ||||||||
4.40%, 03/15/27 (Call 12/15/26) |
$ | 1,772 | $ | 1,647,322 | ||||
5.50%, 06/01/27 (Call 03/01/27) |
2,276 | 2,215,254 | ||||||
Enterprise Products Operating LLC, 3.95%, 02/15/27 (Call 11/15/26)(a) |
1,548 | 1,460,259 | ||||||
MPLX LP |
||||||||
4.13%, 03/01/27 (Call 12/01/26) |
3,017 | 2,803,517 | ||||||
4.25%, 12/01/27 (Call 09/01/27)(a) |
1,865 | 1,721,563 | ||||||
Northwest Pipeline LLC, 4.00%, 04/01/27 (Call 01/01/27)(a) |
1,150 | 1,066,257 | ||||||
ONEOK Inc., 4.00%, 07/13/27 (Call 04/13/27) |
1,598 | 1,448,779 | ||||||
Sabine Pass Liquefaction LLC, 5.00%, 03/15/27 (Call 09/15/26)(a) |
3,735 | 3,599,195 | ||||||
Targa Resources Corp., 5.20%, 07/01/27 (Call 06/01/27) |
800 | 771,104 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 6.50%, 07/15/27(a) |
780 | 773,924 | ||||||
TC PipeLines LP, 3.90%, 05/25/27 (Call 02/25/27) |
934 | 869,292 | ||||||
Tennessee Gas Pipeline Co. LLC, 7.00%, 03/15/27 |
833 | 863,038 | ||||||
Williams Companies Inc. (The), 3.75%, 06/15/27 (Call 03/15/27)(a) |
3,264 | 2,997,462 | ||||||
|
|
|||||||
31,853,974 | ||||||||
Real Estate Investment Trusts — 5.3% | ||||||||
Alexandria Real Estate Equities Inc., 3.95%, 01/15/27 (Call 10/15/26) |
1,159 | 1,086,076 | ||||||
American Tower Corp. |
||||||||
2.75%, 01/15/27 (Call 11/15/26) |
1,893 | 1,658,287 | ||||||
3.13%, 01/15/27 (Call 10/15/26) |
1,078 | 960,638 | ||||||
3.55%, 07/15/27 (Call 04/15/27)(a) |
1,910 | 1,709,049 | ||||||
3.65%, 03/15/27 (Call 02/15/27)(a) |
1,215 | 1,099,551 | ||||||
AvalonBay Communities Inc., 3.35%, 05/15/27 (Call 02/15/27) |
926 | 843,493 | ||||||
Brandywine Operating Partnership LP, 3.95%, 11/15/27 (Call 08/15/27)(a) |
1,240 | 1,072,116 | ||||||
Brixmor Operating Partnership LP, 3.90%, 03/15/27 (Call 12/15/26) |
871 | 780,869 | ||||||
Crown Castle Inc. |
||||||||
3.65%, 09/01/27 (Call 06/01/27)(a) |
2,730 | 2,469,340 | ||||||
4.00%, 03/01/27 (Call 12/01/26)(a) |
1,602 | 1,484,782 | ||||||
Crown Castle International Corp., 2.90%, 03/15/27 (Call 02/15/27) |
1,210 | 1,069,434 | ||||||
Digital
Realty Trust LP, 3.70%, 08/15/27 |
2,309 | 2,102,090 | ||||||
EPR Properties, 4.50%, 06/01/27 (Call 03/01/27) |
600 | 498,462 | ||||||
Equinix Inc., 1.80%, 07/15/27 (Call 05/15/27) |
1,658 | 1,380,401 | ||||||
ERP Operating LP, 3.25%, 08/01/27 (Call 05/01/27) |
1,132 | 1,007,684 | ||||||
Essex Portfolio LP, 3.63%, 05/01/27 (Call 02/01/27) |
550 | 502,095 | ||||||
Federal Realty Investment Trust, 3.25%, 07/15/27 (Call 04/15/27) |
956 | 859,970 | ||||||
Healthcare Realty Holdings LP, 3.75%, 07/01/27 (Call 04/01/27)(a) |
1,411 | 1,283,516 | ||||||
Healthpeak
Properties Inc., 1.35%, 02/01/27 |
786 | 661,474 | ||||||
Highwoods
Realty LP, 3.88%, 03/01/27 |
675 | 610,186 | ||||||
Hudson Pacific Properties LP, 3.95%, 11/01/27 (Call 08/01/27) |
566 | 475,797 | ||||||
Kimco Realty Corp., 3.80%, 04/01/27 (Call 01/01/27) |
445 | 406,806 | ||||||
Life
Storage LP, 3.88%, 12/15/27 |
996 | 902,057 | ||||||
Mid-America Apartments LP, 3.60%, 06/01/27 (Call 03/01/27) |
1,478 | 1,354,868 | ||||||
National Retail Properties Inc., 3.50%, 10/15/27 (Call 07/15/27) |
720 | 640,699 | ||||||
Office Properties Income Trust, 2.40%, 02/01/27 (Call 01/01/27) |
918 | 631,749 | ||||||
Omega Healthcare Investors Inc., 4.50%, 04/01/27 (Call 01/01/27)(a) |
1,161 | 1,057,276 | ||||||
Physicians
Realty LP, 4.30%, 03/15/27 |
595 | 552,630 |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
Prologis LP |
||||||||
2.13%, 04/15/27 (Call 02/15/27) |
$ | 1,258 | $ | 1,104,511 | ||||
3.38%, 12/15/27 |
791 | 722,357 | ||||||
Public Storage, 3.09%, 09/15/27 (Call 06/15/27) |
1,311 | 1,188,933 | ||||||
Realty Income Corp. |
||||||||
3.00%, 01/15/27 (Call 10/15/26) |
1,472 | 1,324,815 | ||||||
3.95%, 08/15/27 (Call 05/15/27)(a) |
1,831 | 1,697,447 | ||||||
Regency Centers LP, 3.60%, 02/01/27 (Call 11/01/26) |
1,306 | 1,196,662 | ||||||
Simon Property Group LP |
||||||||
1.38%, 01/15/27 (Call 10/15/26)(a) |
1,476 | 1,251,294 | ||||||
3.38%, 06/15/27 (Call 03/15/27)(a) |
1,468 | 1,335,909 | ||||||
3.38%, 12/01/27 (Call 09/01/27)(a) |
1,837 | 1,648,230 | ||||||
SITE Centers Corp., 4.70%, 06/01/27 (Call 03/01/27)(a) |
1,413 | 1,303,210 | ||||||
Spirit Realty LP, 3.20%, 01/15/27 (Call 11/15/26) |
1,160 | 1,005,674 | ||||||
Tanger Properties LP, 3.88%, 07/15/27 (Call 04/15/27)(a) |
415 | 364,175 | ||||||
UDR Inc., 3.50%, 07/01/27 (Call 04/01/27)(a) |
942 | 856,626 | ||||||
Ventas Realty LP, 3.85%, 04/01/27 (Call 01/01/27)(a) |
926 | 855,383 | ||||||
Welltower Inc., 2.70%, 02/15/27 (Call 12/15/26) |
1,256 | 1,111,020 | ||||||
Weyerhaeuser Co., 6.95%, 10/01/27(a) |
711 | 747,510 | ||||||
|
|
|||||||
46,875,151 | ||||||||
Retail — 3.5% | ||||||||
Advance Auto Parts Inc., 1.75%, 10/01/27 (Call 08/01/27)(a) |
1,223 | 998,812 | ||||||
AutoNation
Inc., 3.80%, 11/15/27 |
916 | 801,088 | ||||||
AutoZone Inc., 3.75%, 06/01/27 (Call 03/01/27)(a) |
1,454 | 1,357,207 | ||||||
Costco Wholesale Corp. |
||||||||
1.38%, 06/20/27 (Call 04/20/27) |
2,928 | 2,523,585 | ||||||
3.00%, 05/18/27 (Call 02/18/27)(a) |
2,470 | 2,301,002 | ||||||
Darden Restaurants Inc., 3.85%, 05/01/27 (Call 02/01/27) |
1,489 | 1,388,582 | ||||||
Dollar General Corp. |
||||||||
3.88%, 04/15/27 (Call 01/15/27) |
1,771 | 1,662,916 | ||||||
4.63%, 11/01/27 (Call 10/01/27) |
280 | 270,351 | ||||||
Home Depot Inc. (The) |
||||||||
2.50%, 04/15/27 (Call 02/15/27)(a) |
1,825 | 1,650,822 | ||||||
2.80%, 09/14/27 (Call 06/14/27)(a) |
2,372 | 2,158,971 | ||||||
2.88%, 04/15/27 (Call 03/15/27) |
1,985 | 1,824,890 | ||||||
Lowe’s Companies Inc. |
||||||||
3.10%, 05/03/27 (Call 02/03/27) |
3,376 | 3,082,896 | ||||||
3.35%, 04/01/27 (Call 03/01/27)(a) |
1,765 | 1,632,590 | ||||||
McDonald’s Corp. |
||||||||
3.50%, 03/01/27 (Call 12/01/26) |
2,028 | 1,901,838 | ||||||
3.50%, 07/01/27 (Call 05/01/27) |
2,509 | 2,336,029 | ||||||
O’Reilly Automotive Inc., 3.60%, 09/01/27 (Call 06/01/27)(a) |
1,767 | 1,630,411 | ||||||
Starbucks Corp., 2.00%, 03/12/27 (Call 01/12/27) |
1,503 | 1,310,390 | ||||||
Target Corp., 1.95%, 01/15/27 (Call 12/15/26) |
1,665 | 1,492,073 | ||||||
Walmart Inc., 5.88%, 04/05/27(a) |
820 | 859,860 | ||||||
|
|
|||||||
31,184,313 | ||||||||
Semiconductors — 3.1% | ||||||||
Analog Devices Inc., 3.45%, 06/15/27 |
1,456 | 1,353,308 | ||||||
Applied Materials Inc., 3.30%, 04/01/27 (Call 01/01/27)(a) |
3,163 | 2,973,695 | ||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.88%, 01/15/27 (Call 10/15/26) |
5,993 | 5,511,582 | ||||||
Intel Corp. |
||||||||
3.15%, 05/11/27 (Call 02/11/27) |
2,618 | 2,417,985 | ||||||
3.75%, 03/25/27 (Call 01/25/27)(a) |
2,937 | 2,787,096 | ||||||
3.75%, 08/05/27 (Call 07/05/27) |
120 | 112,929 | ||||||
Micron Technology Inc., 4.19%, 02/15/27 (Call 12/15/26) |
2,407 | 2,235,164 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc. |
||||||||
3.15%, 05/01/27 (Call 03/01/27) |
1,191 | 1,053,880 | ||||||
4.40%, 06/01/27 (Call 05/01/27) |
915 | 858,105 | ||||||
QUALCOMM Inc., 3.25%, 05/20/27 (Call 02/20/27)(a) |
5,292 | 4,915,792 |
66 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Semiconductors (continued) | ||||||||
Texas Instruments Inc., 2.90%, 11/03/27 (Call 08/03/27) |
$ | 2,019 | $ | 1,841,227 | ||||
TSMC Arizona Corp., 3.88%, 04/22/27 (Call 03/22/27) |
1,225 | 1,146,710 | ||||||
|
|
|||||||
27,207,473 | ||||||||
Shipbuilding — 0.2% | ||||||||
Huntington Ingalls Industries Inc., 3.48%, 12/01/27 (Call 09/01/27) |
1,861 | 1,659,435 | ||||||
|
|
|||||||
Software — 4.0% | ||||||||
Activision Blizzard Inc., 3.40%, 06/15/27 (Call 03/15/27) |
1,180 | 1,092,173 | ||||||
Adobe Inc., 2.15%, 02/01/27 (Call 12/01/26) |
2,704 | 2,429,625 | ||||||
Autodesk Inc., 3.50%, 06/15/27 (Call 03/15/27) |
1,972 | 1,812,268 | ||||||
Fidelity National Information Services Inc., 4.70%, 07/15/27 (Call 06/15/27) |
315 | 301,405 | ||||||
Fiserv Inc., 2.25%, 06/01/27 (Call 04/01/27) |
2,961 | 2,561,176 | ||||||
Intuit Inc., 1.35%, 07/15/27 (Call 05/15/27)(a) |
1,913 | 1,615,643 | ||||||
Microsoft Corp., 3.30%, 02/06/27 (Call 11/06/26) |
7,508 | 7,140,258 | ||||||
Oracle Corp. |
||||||||
2.80%, 04/01/27 (Call 02/01/27) |
4,548 | 4,021,433 | ||||||
3.25%, 11/15/27 (Call 08/15/27)(a) |
5,973 | 5,304,801 | ||||||
Roper Technologies Inc., 1.40%, 09/15/27 (Call 07/15/27) |
1,585 | 1,303,155 | ||||||
Take-Two Interactive Software Inc., 3.70%, 04/14/27 (Call 03/14/27) |
1,775 | 1,641,662 | ||||||
VMware Inc. |
||||||||
3.90%, 08/21/27 (Call 05/21/27) |
2,811 | 2,575,776 | ||||||
4.65%, 05/15/27 (Call 03/15/27) |
1,630 | 1,542,273 | ||||||
Workday Inc., 3.50%, 04/01/27 (Call 03/01/27) |
1,815 | 1,674,809 | ||||||
|
|
|||||||
35,016,457 | ||||||||
Telecommunications — 4.0% | ||||||||
AT&T Inc. |
||||||||
2.30%, 06/01/27 (Call 04/01/27) |
4,309 | 3,760,594 | ||||||
3.80%, 02/15/27 (Call 11/15/26) |
2,197 | 2,056,392 | ||||||
4.25%, 03/01/27 (Call 12/01/26)(a) |
3,761 | 3,596,983 | ||||||
Rogers Communications Inc., 3.20%, 03/15/27 (Call 02/15/27)(a)(b) |
2,490 | 2,259,849 | ||||||
Telefonica Emisiones SA, 4.10%, 03/08/27 |
3,376 | 3,092,686 | ||||||
TELUS Corp. |
||||||||
2.80%, 02/16/27 (Call 11/16/26)(a) |
1,895 | 1,707,338 | ||||||
3.70%, 09/15/27 (Call 06/15/27) |
1,523 | 1,411,014 | ||||||
T-Mobile USA Inc. |
||||||||
3.75%, 04/15/27 (Call 02/15/27) |
8,810 | 8,131,894 | ||||||
5.38%, 04/15/27(a) |
1,080 | 1,070,388 | ||||||
Verizon Communications Inc. |
||||||||
3.00%, 03/22/27 (Call 01/22/27) |
1,790 | 1,624,121 | ||||||
4.13%, 03/16/27(a) |
7,297 | 6,946,014 | ||||||
|
|
|||||||
35,657,273 | ||||||||
Toys, Games & Hobbies — 0.1% | ||||||||
Hasbro Inc., 3.50%, 09/15/27 (Call 06/15/27) |
1,394 | 1,250,878 | ||||||
|
|
|||||||
Transportation — 1.3% | ||||||||
Burlington Northern Santa Fe LLC, 3.25%, 06/15/27 (Call 03/15/27) |
1,225 | 1,135,575 |
Security | Par/ Shares (000) |
Value | ||||||
Transportation (continued) | ||||||||
CSX Corp., 3.25%, 06/01/27 (Call 03/01/27) |
$ | 2,121 | $ | 1,944,745 | ||||
Norfolk Southern Corp. |
||||||||
3.15%, 06/01/27 (Call 03/01/27)(a) |
1,341 | 1,223,636 | ||||||
7.80%, 05/15/27 |
153 | 166,990 | ||||||
Ryder System Inc. |
||||||||
2.85%, 03/01/27 (Call 02/01/27)(a) |
1,425 | 1,265,827 | ||||||
4.30%, 06/15/27 (Call 05/15/27) |
965 | 900,519 | ||||||
Union Pacific Corp. |
||||||||
2.15%, 02/05/27 (Call 12/05/26) |
1,247 | 1,110,503 | ||||||
3.00%, 04/15/27 (Call 01/15/27)(a) |
1,252 | 1,148,435 | ||||||
United Parcel Service Inc., 3.05%, 11/15/27 (Call 08/15/27)(a) |
2,516 | 2,312,632 | ||||||
Walmart Inc., 3.95%, 09/09/27 (Call 08/09/27) |
275 | 266,274 | ||||||
|
|
|||||||
11,475,136 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 3.85%, 03/30/27 (Call 12/30/26) |
776 | 703,723 | ||||||
|
|
|||||||
Venture Capital — 0.1% | ||||||||
Hercules Capital Inc., 3.38%, 01/20/27 (Call 12/20/26) |
925 | 767,315 | ||||||
|
|
|||||||
Water — 0.1% | ||||||||
American Water Capital Corp., 2.95%, 09/01/27 (Call 06/01/27)(a) |
1,273 | 1,147,329 | ||||||
|
|
|||||||
Total
Long-Term Investments — 98.7% |
870,512,926 | |||||||
|
|
|||||||
Short-Term Securities |
||||||||
Money Market Funds — 10.3% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(c)(d)(e) |
86,123 | 86,106,217 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(c)(d) |
4,367 | 4,367,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 10.3% |
|
90,473,217 | ||||||
|
|
|||||||
Total
Investments — 109.0% |
|
960,986,143 | ||||||
Liabilities in Excess of Other Assets — (9.0)% |
|
(79,128,093 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 881,858,050 | |||||
|
|
(a) |
All or a portion of this security is on loan. |
(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) |
Affiliate of the Fund. |
(d) |
Annualized 7-day yield as of period end. |
(e) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
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) October 31, 2022 |
iShares® iBonds® Dec 2027 Term Corporate ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer |
Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 56,469,640 | $ | 29,688,934 | (a) | $ | — | $ | (40,155 | ) | $ | (12,202 | ) | $ | 86,106,217 | 86,123 | $ | 181,432 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
2,717,000 | 1,650,000 | (a) | — | — | — | 4,367,000 | 4,367 | 31,194 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (40,155 | ) | $ | (12,202 | ) | $ | 90,473,217 | $ | 212,626 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 870,512,926 | $ | — | $ | 870,512,926 | ||||||||
Money Market Funds |
90,473,217 | — | — | 90,473,217 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 90,473,217 | $ | 870,512,926 | $ | — | $ | 960,986,143 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
68 |
2 0 2 2 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 October 31, 2022 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Advertising — 0.2% |
||||||||
Interpublic Group of Companies Inc. (The), 4.65%, 10/01/28 (Call 07/01/28) |
$ | 1,226 | $ | 1,132,591 | ||||
|
|
|||||||
Aerospace & Defense — 3.1% | ||||||||
Boeing Co. (The) |
||||||||
3.25%, 02/01/28 (Call 12/01/27)(a) |
1,795 | 1,559,747 | ||||||
3.25%, 03/01/28 (Call 12/01/27) |
905 | 779,015 | ||||||
3.45%, 11/01/28 (Call 08/01/28) |
785 | 669,299 | ||||||
General Dynamics Corp., 3.75%, 05/15/28 (Call 02/15/28) |
2,192 | 2,049,147 | ||||||
L3Harris Technologies Inc., 4.40%, 06/15/28 (Call 03/15/28) |
3,476 | 3,255,115 | ||||||
Northrop Grumman Corp., 3.25%, 01/15/28 (Call 10/15/27) |
3,806 | 3,443,136 | ||||||
Raytheon Technologies Corp., 4.13%, 11/16/28 (Call 08/16/28) |
5,262 | 4,899,974 | ||||||
Teledyne Technologies Inc., 2.25%, 04/01/28 (Call 02/01/28) |
706 | 585,465 | ||||||
|
|
|||||||
17,240,898 | ||||||||
Agriculture — 1.0% | ||||||||
BAT Capital Corp., 2.26%, 03/25/28 (Call 01/25/28) |
3,406 | 2,695,304 | ||||||
BAT International Finance PLC, 4.45%, 03/16/28 (Call 02/16/28) |
1,946 | 1,726,880 | ||||||
Philip Morris International Inc., 3.13%, 03/02/28 (Call 12/02/27)(a) |
1,129 | 986,724 | ||||||
|
|
|||||||
5,408,908 | ||||||||
Airlines — 0.6% | ||||||||
American Airlines Pass Through Trust |
||||||||
Series 2016-1, Class AA, 3.58%, 07/15/29 |
414 | 361,959 | ||||||
Series 2016-2, Class AA, 3.20%, 12/15/29 |
575 | 488,200 | ||||||
Series 2016-3, Class AA, 3.00%, 04/15/30(a) |
509 | 426,055 | ||||||
Delta Air Lines Pass Through Trust, Series 2020, Class AA, 2.00%, 12/10/29 |
564 | 476,020 | ||||||
United Airlines Pass Through Trust |
||||||||
Series 2016-1, Class AA, 3.10%, 01/07/30 |
861 | 736,263 | ||||||
Series 2016-2, Class AA, 2.88%, 04/07/30 |
735 | 615,407 | ||||||
|
|
|||||||
3,103,904 | ||||||||
Auto Manufacturers — 1.8% | ||||||||
American Honda Finance Corp. |
||||||||
2.00%, 03/24/28 |
1,493 | 1,254,075 | ||||||
3.50%, 02/15/28 |
1,350 | 1,229,053 | ||||||
General Motors Co., 5.00%, 10/01/28 (Call 07/01/28)(a) |
1,654 | 1,532,547 | ||||||
General Motors Financial Co. Inc. |
||||||||
2.40%, 04/10/28 (Call 02/10/28)(a) |
2,054 | 1,664,521 | ||||||
2.40%, 10/15/28 (Call 08/15/28) |
1,348 | 1,064,367 | ||||||
3.85%, 01/05/28 (Call 10/05/27)(a) |
852 | 750,510 | ||||||
Toyota Motor Corp., 3.67%, 07/20/28 |
552 | 510,882 | ||||||
Toyota Motor Credit Corp. |
||||||||
1.90%, 04/06/28 |
1,200 | 1,015,932 | ||||||
3.05%, 01/11/28 |
1,046 | 946,274 | ||||||
|
|
|||||||
9,968,161 | ||||||||
Banks — 10.1% | ||||||||
Banco Santander SA |
||||||||
3.80%, 02/23/28 |
2,210 | 1,877,815 | ||||||
4.38%, 04/12/28(a) |
2,050 | 1,801,520 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
1.65%, 07/14/28 (Call 05/14/28)(a) |
950 | 772,540 | ||||||
3.00%, 10/30/28 (Call 07/30/28) |
960 | 825,408 | ||||||
3.40%, 01/29/28 (Call 10/29/27) |
1,614 | 1,467,804 | ||||||
3.85%, 04/28/28(a) |
1,894 | 1,760,662 | ||||||
Barclays PLC |
||||||||
4.34%, 01/10/28 (Call 01/10/27) |
2,215 | 1,946,763 | ||||||
4.84%, 05/09/28 (Call 05/07/27) |
3,870 | 3,282,457 |
Security | Par (000) |
Value | ||||||
Banks (continued) |
||||||||
Citigroup Inc. |
||||||||
4.13%, 07/25/28 |
$ | 4,014 | $ | 3,616,895 | ||||
6.63%, 01/15/28(a) |
770 | 798,313 | ||||||
Discover Bank, 4.65%, 09/13/28 (Call 06/13/28) |
1,865 | 1,665,352 | ||||||
Fifth Third Bancorp., 3.95%, 03/14/28 (Call 02/14/28) |
1,334 | 1,217,408 | ||||||
First-Citizens Bank & Trust Co., 6.13%, 03/09/28 |
1,050 | 1,038,660 | ||||||
ING Groep NV, 4.55%, 10/02/28 |
2,545 | 2,293,605 | ||||||
KeyBank NA/Cleveland OH, 6.95%, 02/01/28 |
640 | 651,904 | ||||||
KeyCorp, 4.10%, 04/30/28 |
1,723 | 1,583,540 | ||||||
Lloyds Banking Group PLC |
||||||||
4.38%, 03/22/28 |
2,765 | 2,464,666 | ||||||
4.55%, 08/16/28 |
2,415 | 2,163,961 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
3.96%, 03/02/28(a) |
2,971 | 2,714,038 | ||||||
4.05%, 09/11/28(a) |
1,753 | 1,588,043 | ||||||
Mizuho Financial Group Inc., 4.02%, 03/05/28(a) |
2,215 | 1,993,921 | ||||||
Northern Trust Corp., 3.65%, 08/03/28 (Call 05/03/28)(a) |
1,472 | 1,358,950 | ||||||
PNC Bank NA |
||||||||
3.25%, 01/22/28 (Call 12/23/27) |
1,265 | 1,145,192 | ||||||
4.05%, 07/26/28 |
2,475 | 2,248,587 | ||||||
Regions Financial Corp., 1.80%, 08/12/28 (Call 06/12/28) |
1,660 | 1,349,480 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
1.90%, 09/17/28 |
3,922 | 3,115,441 | ||||||
3.54%, 01/17/28(a) |
1,071 | 959,648 | ||||||
3.94%, 07/19/28 |
1,089 | 980,296 | ||||||
4.31%, 10/16/28 |
1,111 | 1,018,543 | ||||||
SVB Financial Group, 2.10%, 05/15/28 (Call 03/15/28) |
930 | 737,369 | ||||||
U.S. Bancorp., 3.90%, 04/26/28(a) |
2,178 | 2,033,838 | ||||||
Westpac Banking Corp. |
||||||||
1.95%, 11/20/28 |
1,409 | 1,167,624 | ||||||
3.40%, 01/25/28(a) |
2,121 | 1,949,199 | ||||||
|
|
|||||||
55,589,442 | ||||||||
Beverages — 2.5% | ||||||||
Anheuser-Busch InBev Worldwide Inc., 4.00%, 04/13/28 (Call 01/13/28) |
4,661 | 4,405,437 | ||||||
Coca-Cola Co. (The) |
||||||||
1.00%, 03/15/28(a) |
2,124 | 1,747,776 | ||||||
1.50%, 03/05/28(a) |
1,117 | 947,060 | ||||||
Constellation Brands Inc. |
||||||||
3.60%, 02/15/28 (Call 11/15/27) |
1,474 | 1,337,935 | ||||||
4.65%, 11/15/28 (Call 08/15/28) |
1,180 | 1,116,799 | ||||||
Diageo Capital PLC, 3.88%, 05/18/28 (Call 02/18/28) |
795 | 744,836 | ||||||
Keurig Dr Pepper Inc., 4.60%, 05/25/28 (Call 02/25/28) |
1,910 | 1,830,448 | ||||||
PepsiCo
Inc., 3.60%, 02/18/28 (Call |
1,655 | 1,557,388 | ||||||
|
|
|||||||
13,687,679 | ||||||||
Biotechnology — 0.4% | ||||||||
Amgen Inc., 1.65%, 08/15/28 (Call 06/15/28) |
2,425 | 1,994,514 | ||||||
|
|
|||||||
Building Materials — 0.2% | ||||||||
Masco Corp., 1.50%, 02/15/28 (Call 12/15/27) |
1,350 | 1,080,324 | ||||||
|
|
|||||||
Chemicals — 1.5% | ||||||||
Dow Chemical Co. (The), 4.80%, 11/30/28 (Call 08/30/28) |
1,205 | 1,150,847 | ||||||
DuPont de Nemours Inc., 4.73%, 11/15/28 (Call 08/15/28) |
4,425 | 4,241,761 | ||||||
Eastman Chemical Co., 4.50%, 12/01/28 (Call 09/01/28) |
1,219 | 1,108,680 | ||||||
International Flavors & Fragrances Inc., 4.45%, 09/26/28 (Call 06/26/28) |
440 | 399,199 | ||||||
PPG Industries Inc., 3.75%, 03/15/28 (Call 12/15/27) |
1,577 | 1,445,731 | ||||||
|
|
|||||||
8,346,218 |
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) October 31, 2022 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Commercial Services — 1.1% |
||||||||
Automatic Data Processing Inc., 1.70%, 05/15/28 (Call 03/15/28) |
$ | 1,557 | $ | 1,324,851 | ||||
Block Financial LLC, 2.50%, 07/15/28 (Call 05/15/28) |
1,020 | 837,736 | ||||||
Global Payments Inc., 4.45%, 06/01/28 (Call 03/01/28) |
1,123 | 1,021,627 | ||||||
Moody’s Corp., 3.25%, 01/15/28 (Call 10/15/27) |
1,430 | 1,284,026 | ||||||
S&P Global Inc., 4.75%, 08/01/28 (Call 05/01/28)(b) |
1,855 | 1,798,367 | ||||||
|
|
|||||||
6,266,607 | ||||||||
Computers — 1.9% | ||||||||
Apple Inc. |
||||||||
1.20%, 02/08/28 (Call 12/08/27) |
3,572 | 2,976,905 | ||||||
1.40%, 08/05/28 (Call 06/05/28) |
3,550 | 2,940,785 | ||||||
Dell Inc., 7.10%, 04/15/28 |
525 | 542,819 | ||||||
DXC Technology Co., 2.38%, 09/15/28 (Call 07/15/28) |
1,098 | 908,134 | ||||||
HP Inc., 4.75%, 01/15/28 (Call 12/15/27) |
1,910 | 1,784,914 | ||||||
International Business Machines Corp., 6.50%, 01/15/28(a) |
645 | 681,771 | ||||||
Kyndryl Holdings Inc., 2.70%, 10/15/28 (Call 08/15/28) |
715 | 516,866 | ||||||
|
|
|||||||
10,352,194 | ||||||||
Cosmetics & Personal Care — 0.4% | ||||||||
Unilever Capital Corp., 3.50%, 03/22/28 (Call 12/22/27) |
2,311 | 2,130,719 | ||||||
|
|
|||||||
Diversified Financial Services — 4.2% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
3.00%, 10/29/28 (Call 08/29/28) |
6,700 | 5,411,724 | ||||||
3.88%, 01/23/28 (Call 10/23/27) |
1,024 | 883,036 | ||||||
Air Lease Corp. |
||||||||
2.10%, 09/01/28 (Call 07/01/28) |
1,059 | 817,389 | ||||||
4.63%, 10/01/28 (Call 07/01/28)(a) |
1,084 | 960,467 | ||||||
Ally Financial Inc., 2.20%, 11/02/28 (Call 09/02/28)(a) |
1,487 | 1,141,644 | ||||||
Brookfield Finance Inc., 3.90%, 01/25/28 (Call 10/25/27) |
1,953 | 1,748,970 | ||||||
Capital One Financial Corp., 3.80%, 01/31/28 (Call 12/31/27)(a) |
2,871 | 2,565,382 | ||||||
Charles Schwab Corp. (The) |
||||||||
2.00%, 03/20/28 (Call 01/20/28)(a) |
1,924 | 1,639,344 | ||||||
3.20%, 01/25/28 (Call 10/25/27) |
1,598 | 1,446,334 | ||||||
CME Group Inc., 3.75%, 06/15/28 (Call 03/15/28) |
965 | 903,607 | ||||||
Intercontinental Exchange Inc., 3.75%, 09/21/28 (Call 06/21/28) |
1,282 | 1,173,133 | ||||||
Lazard Group LLC, 4.50%, 09/19/28 (Call 06/19/28) |
955 | 865,488 | ||||||
Mastercard Inc., 3.50%, 02/26/28 (Call 11/26/27) |
1,379 | 1,283,890 | ||||||
Morgan Stanley Domestic Holdings Inc., 4.50%, 06/20/28 (Call 03/20/28) |
1,146 | 1,066,353 | ||||||
Nomura Holdings Inc., 2.17%, 07/14/28 |
1,893 | 1,498,026 | ||||||
|
|
|||||||
23,404,787 | ||||||||
Electric — 7.9% | ||||||||
AEP Texas Inc., 3.95%, 06/01/28 (Call 03/01/28) |
813 | 736,464 | ||||||
Ameren Corp., 1.75%, 03/15/28 (Call 01/15/28) |
952 | 780,231 | ||||||
Ameren Illinois Co., 3.80%, 05/15/28 (Call 02/15/28) |
1,000 | 927,430 | ||||||
American Electric Power Co. Inc., Series J, 4.30%, 12/01/28 (Call 09/01/28) |
1,253 | 1,161,381 | ||||||
Atlantic City Electric Co., 4.00%, 10/15/28 (Call 07/15/28) |
699 | 645,450 | ||||||
Berkshire Hathaway Energy Co., 3.25%, 04/15/28 (Call 01/15/28) |
1,354 | 1,221,484 | ||||||
CenterPoint Energy Inc., 4.25%, 11/01/28 (Call 08/01/28)(a) |
147 | 132,629 | ||||||
Commonwealth Edison Co., 3.70%, 08/15/28 (Call 05/15/28) |
1,520 | 1,394,174 | ||||||
Consolidated Edison Co. of New York Inc. |
||||||||
3.80%, 05/15/28 (Call 02/15/28) |
803 | 742,920 | ||||||
Series
D, 4.00%, 12/01/28 (Call |
530 | 493,552 | ||||||
Consumers Energy Co., 3.80%, 11/15/28 (Call 08/15/28) |
661 | 609,468 | ||||||
Dominion Energy Inc., 4.25%, 06/01/28 (Call 03/01/28) |
948 | 883,991 | ||||||
DTE Electric Co., Series A, 1.90%, 04/01/28 (Call 02/01/28)(a) |
941 | 792,275 |
Security | Par (000) |
Value | ||||||
Electric (continued) |
||||||||
Duke Energy Carolinas LLC |
||||||||
3.95%, 11/15/28 (Call 08/15/28)(a) |
$ | 1,251 | $ | 1,165,532 | ||||
Series A, 6.00%, 12/01/28 |
470 | 483,790 | ||||||
Duke Energy Corp., 4.30%, 03/15/28 (Call 02/15/28) |
1,500 | 1,410,210 | ||||||
Duke Energy Florida LLC, 3.80%, 07/15/28 (Call 04/15/28) |
902 | 836,199 | ||||||
Duke Energy Progress LLC, 3.70%, 09/01/28 (Call 06/01/28) |
593 | 546,218 | ||||||
Edison International, 4.13%, 03/15/28 (Call 12/15/27)(a) |
1,092 | 973,027 | ||||||
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28) |
1,564 | 1,427,588 | ||||||
Entergy Arkansas LLC, 4.00%, 06/01/28 (Call 03/01/28) |
305 | 281,305 | ||||||
Entergy Corp., 1.90%, 06/15/28 (Call 04/15/28)(a) |
1,481 | 1,210,051 | ||||||
Entergy Louisiana LLC, 3.25%, 04/01/28 (Call 01/01/28) |
551 | 489,464 | ||||||
Entergy Mississippi LLC, 2.85%, 06/01/28 (Call 03/01/28) |
920 | 795,745 | ||||||
Eversource Energy, Series M, 3.30%, 01/15/28 (Call 10/15/27) |
790 | 708,282 | ||||||
Indiana Michigan Power Co., 3.85%, 05/15/28 (Call 02/15/28)(a) |
601 | 554,639 | ||||||
Interstate Power & Light Co., 4.10%, 09/26/28 (Call 06/26/28)(a) |
1,170 | 1,096,489 | ||||||
Mississippi Power Co., 3.95%, 03/30/28 (Call 12/30/27) |
760 | 690,825 | ||||||
National Rural Utilities Cooperative Finance Corp. |
||||||||
3.40%, 02/07/28 (Call 11/07/27) |
1,419 | 1,296,214 | ||||||
3.90%, 11/01/28 (Call 08/01/28) |
904 | 832,584 | ||||||
NextEra Energy Capital Holdings Inc., 1.90%, 06/15/28 (Call 04/15/28) |
3,045 | 2,517,271 | ||||||
Oklahoma Gas & Electric Co., 3.80%, 08/15/28 (Call 02/15/28)(a) |
810 | 742,454 | ||||||
Oncor Electric Delivery Co. LLC, 3.70%, 11/15/28 (Call 08/15/28) |
1,706 | 1,569,742 | ||||||
Pacific Gas and Electric Co. |
||||||||
3.00%, 06/15/28 (Call 04/15/28)(a) |
1,175 | 970,209 | ||||||
3.75%, 07/01/28 |
1,692 | 1,444,663 | ||||||
4.65%, 08/01/28 (Call 05/01/28) |
630 | 548,232 | ||||||
Public Service Co. of Colorado, 3.70%, 06/15/28 (Call 12/15/27) |
790 | 731,500 | ||||||
Public Service Electric & Gas Co. |
||||||||
3.65%, 09/01/28 (Call 06/01/28) |
745 | 682,509 | ||||||
3.70%, 05/01/28 (Call 02/01/28) |
750 | 695,685 | ||||||
Puget Energy Inc., 2.38%, 06/15/28 (Call 04/15/28) |
1,124 | 927,727 | ||||||
Sempra Energy, 3.40%, 02/01/28 |
1,860 | 1,661,836 | ||||||
Southern California Edison Co., Series B, 3.65%, 03/01/28 (Call 12/01/27) |
971 | 885,669 | ||||||
Southern Co. (The), Series 21-B, 1.75%, 03/15/28 |
959 | 785,028 | ||||||
Southwestern Electric Power Co., Series M, 4.10%, 09/15/28 (Call 06/15/28) |
1,233 | 1,129,736 | ||||||
Virginia Electric & Power Co., Series A, 3.80%, 04/01/28 (Call 01/01/28)(a) |
1,337 | 1,244,907 | ||||||
WEC Energy Group Inc., 2.20%, 12/15/28 (Call 10/15/28) |
1,114 | 914,104 | ||||||
Wisconsin Electric Power Co., 1.70%, 06/15/28 (Call 04/15/28)(a) |
275 | 229,224 | ||||||
Xcel Energy Inc., 4.00%, 06/15/28 (Call 12/15/27)(a) |
775 | 722,284 | ||||||
|
|
|||||||
43,722,391 | ||||||||
Electronics — 1.0% | ||||||||
Arrow Electronics Inc., 3.88%, 01/12/28 (Call 10/12/27) |
1,206 | 1,075,873 | ||||||
Hubbell Inc., 3.50%, 02/15/28 (Call 11/15/27) |
1,139 | 1,035,419 | ||||||
Jabil Inc., 3.95%, 01/12/28 (Call 10/12/27) |
769 | 694,522 | ||||||
TD SYNNEX Corp., 2.38%, 08/09/28 (Call 06/09/28) |
1,095 | 870,777 | ||||||
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28) |
1,284 | 1,207,654 | ||||||
Vontier Corp., 2.40%, 04/01/28 (Call 02/01/28) |
1,090 | 845,480 | ||||||
|
|
|||||||
5,729,725 | ||||||||
Environmental Control — 0.6% | ||||||||
Republic Services Inc., 3.95%, 05/15/28 (Call 02/15/28) |
1,633 | 1,518,004 |
70 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Environmental Control (continued) |
||||||||
Waste Connections Inc., 4.25%, 12/01/28 (Call 09/01/28) |
$ | 1,200 | $ | 1,117,704 | ||||
Waste Management Inc., 1.15%, 03/15/28 (Call 01/15/28) |
852 | 690,009 | ||||||
|
|
|||||||
3,325,717 | ||||||||
Food — 2.2% | ||||||||
Campbell Soup Co., 4.15%, 03/15/28 (Call 12/15/27) |
2,193 | 2,059,402 | ||||||
Conagra Brands Inc. |
||||||||
4.85%, 11/01/28 (Call 08/01/28) |
2,627 | 2,487,165 | ||||||
7.00%, 10/01/28(a) |
610 | 633,601 | ||||||
General Mills Inc., 4.20%, 04/17/28 (Call 01/17/28) |
2,667 | 2,525,302 | ||||||
Hormel Foods Corp., 1.70%, 06/03/28 (Call 04/03/28) |
1,235 | 1,039,858 | ||||||
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance Inc., 5.13%, 02/01/28
(Call |
1,475 | 1,379,804 | ||||||
Kellogg
Co., 4.30%, 05/15/28 (Call |
1,593 | 1,502,390 | ||||||
Mondelez International Inc., 4.13%, 05/07/28 (Call 02/07/28)(a) |
435 | 408,904 | ||||||
|
|
|||||||
12,036,426 | ||||||||
Forest Products & Paper — 0.1% | ||||||||
Suzano Austria GmbH, 2.50%, 09/15/28 (Call 07/15/28) |
875 | 693,236 | ||||||
|
|
|||||||
Gas — 0.2% | ||||||||
CenterPoint Energy Resources Corp., 4.00%, 04/01/28 (Call 01/01/28) |
450 | 416,430 | ||||||
National Fuel Gas Co., 4.75%, 09/01/28 (Call 06/01/28) |
440 | 399,793 | ||||||
Southwest Gas Corp., 3.70%, 04/01/28 (Call 01/01/28)(a) |
515 | 455,167 | ||||||
|
|
|||||||
1,271,390 | ||||||||
Hand & Machine Tools — 0.2% | ||||||||
Kennametal Inc., 4.63%, 06/15/28 (Call 03/15/28)(a) |
690 | 630,971 | ||||||
Stanley Black & Decker Inc., 4.25%, 11/15/28 (Call 08/15/28)(a) |
711 | 668,887 | ||||||
|
|
|||||||
1,299,858 | ||||||||
Health Care - Products — 1.5% | ||||||||
Abbott Laboratories, 1.15%, 01/30/28 (Call 11/30/27) |
1,283 | 1,065,878 | ||||||
Baxter International Inc., 2.27%, 12/01/28 (Call 10/01/28) |
2,165 | 1,780,215 | ||||||
Boston Scientific Corp., 4.00%, 03/01/28 (Call 12/01/27)(a) |
540 | 511,591 | ||||||
Edwards Lifesciences Corp., 4.30%, 06/15/28 (Call 03/15/28) |
1,527 | 1,419,942 | ||||||
PerkinElmer Inc., 1.90%, 09/15/28 (Call 07/15/28) |
1,160 | 926,492 | ||||||
Stryker
Corp., 3.65%, 03/07/28 (Call |
1,075 | 998,438 | ||||||
Thermo Fisher Scientific Inc., 1.75%, 10/15/28 (Call 08/15/28)(a) |
2,000 | 1,666,220 | ||||||
|
|
|||||||
8,368,776 | ||||||||
Health Care - Services — 2.0% | ||||||||
Advocate Health & Hospitals Corp., 3.83%, 08/15/28 (Call 05/15/28) |
500 | 460,345 | ||||||
Centene Corp., 2.45%, 07/15/28 (Call 05/15/28) |
75 | 61,690 | ||||||
CHRISTUS Health, Series C, 4.34%, 07/01/28 (Call 04/01/28) |
754 | 696,130 | ||||||
Elevance Health Inc., 4.10%, 03/01/28 (Call 12/01/27) |
2,306 | 2,165,542 | ||||||
HCA Inc., 5.63%, 09/01/28 (Call 03/01/28) |
3,100 | 2,981,890 | ||||||
Mercy Health/OH, Series 2018, 4.30%, 07/01/28 (Call 01/01/28) |
570 | 533,645 | ||||||
Sutter Health, Series 2018, 3.70%, 08/15/28 (Call 05/15/28)(a) |
430 | 386,222 | ||||||
UnitedHealth Group Inc. |
||||||||
3.85%, 06/15/28 |
2,531 | 2,356,209 | ||||||
3.88%, 12/15/28 |
1,532 | 1,425,128 | ||||||
5.25%, 02/15/28 |
150 | 150,361 | ||||||
|
|
|||||||
11,217,162 | ||||||||
Holding Companies - Diversified — 1.1% | ||||||||
Ares Capital Corp., 2.88%, 06/15/28 (Call 04/15/28) |
2,552 | 2,000,538 | ||||||
Blackstone Secured Lending Fund, 2.85%, 09/30/28 (Call 07/30/28)(a) |
1,250 | 954,838 |
Security | Par (000) |
Value | ||||||
Holding Companies - Diversified (continued) |
|
|||||||
FS KKR Capital Corp., 3.13%, 10/12/28 (Call 08/12/28)(a) |
$ | 1,535 | $ | 1,177,667 | ||||
Owl Rock Capital Corp., 2.88%, 06/11/28 (Call 04/11/28) |
1,745 | 1,315,957 | ||||||
Prospect Capital Corp., 3.44%, 10/15/28 (Call 08/15/28) |
665 | 487,950 | ||||||
|
|
|||||||
5,936,950 | ||||||||
Home Builders — 0.1% | ||||||||
Toll Brothers Finance Corp., 4.35%, 02/15/28 (Call 11/15/27)(a) |
605 | 527,330 | ||||||
|
|
|||||||
Household Products & Wares — 0.7% | ||||||||
Avery Dennison Corp., 4.88%, 12/06/28 (Call 09/06/28)(a) |
1,270 | 1,207,770 | ||||||
Clorox Co. (The), 3.90%, 05/15/28 (Call 02/15/28)(a) |
1,459 | 1,361,495 | ||||||
Kimberly-Clark Corp., 3.95%, 11/01/28 (Call 08/01/28)(a) |
1,525 | 1,435,788 | ||||||
|
|
|||||||
4,005,053 | ||||||||
Insurance — 2.4% | ||||||||
American International Group Inc., 4.20%, 04/01/28 (Call 01/01/28) |
665 | 616,375 | ||||||
Aon Corp., 4.50%, 12/15/28 (Call 09/15/28) |
662 | 618,348 | ||||||
Assurant Inc., 4.90%, 03/27/28 (Call 12/27/27) |
838 | 785,214 | ||||||
Athene Holding Ltd., 4.13%, 01/12/28 (Call 10/12/27) |
1,951 | 1,737,463 | ||||||
Cincinnati Financial Corp., 6.92%, 05/15/28(a) |
475 | 496,522 | ||||||
Equitable Holdings Inc. |
||||||||
4.35%, 04/20/28 (Call 01/20/28) |
2,830 | 2,623,636 | ||||||
7.00%, 04/01/28 |
735 | 773,014 | ||||||
Fairfax Financial Holdings Ltd., 4.85%, 04/17/28 (Call 01/17/28) |
1,187 | 1,092,313 | ||||||
Fidelity National Financial Inc., 4.50%, 08/15/28 (Call 05/15/28)(a) |
929 | 856,232 | ||||||
Globe
Life Inc., 4.55%, 09/15/28 (Call |
1,010 | 958,197 | ||||||
Lincoln National Corp., 3.80%, 03/01/28 (Call 12/01/27)(a) |
1,194 | 1,093,967 | ||||||
Prudential Financial Inc., 3.88%, 03/27/28 (Call 12/27/27)(a) |
786 | 738,337 | ||||||
Willis North America Inc., 4.50%, 09/15/28 (Call 06/15/28) |
1,230 | 1,130,432 | ||||||
|
|
|||||||
13,520,050 | ||||||||
Internet — 1.2% | ||||||||
Amazon.com Inc., 1.65%, 05/12/28 (Call 03/12/28) |
3,453 | 2,916,991 | ||||||
Baidu Inc. |
||||||||
4.38%, 03/29/28 (Call 12/29/27) |
535 | 471,469 | ||||||
4.88%, 11/14/28 (Call 08/14/28)(a) |
580 | 518,851 | ||||||
Booking Holdings Inc., 3.55%, 03/15/28 (Call 12/15/27) |
1,394 | 1,268,177 | ||||||
Expedia Group Inc., 3.80%, 02/15/28 (Call 11/15/27)(a) |
1,562 | 1,388,727 | ||||||
|
|
|||||||
6,564,215 | ||||||||
Iron & Steel — 0.2% | ||||||||
Nucor Corp., 3.95%, 05/01/28 (Call 02/01/28) |
1,040 | 956,571 | ||||||
|
|
|||||||
Lodging — 0.4% | ||||||||
Hyatt Hotels Corp., 4.38%, 09/15/28 (Call 06/15/28) |
800 | 714,384 | ||||||
Marriott International Inc./MD |
||||||||
Series AA, 4.65%, 12/01/28 (Call 09/01/28) |
383 | 354,497 | ||||||
Series X, 4.00%, 04/15/28 (Call 01/15/28) |
1,072 | 967,330 | ||||||
|
|
|||||||
2,036,211 | ||||||||
Machinery — 1.2% | ||||||||
ABB Finance USA Inc., 3.80%, 04/03/28 (Call 01/03/28)(a) |
260 | 242,822 | ||||||
John Deere Capital Corp. |
||||||||
1.50%, 03/06/28 |
1,016 | 848,137 | ||||||
3.05%, 01/06/28 |
868 | 791,373 | ||||||
nVent Finance Sarl, 4.55%, 04/15/28 (Call 01/15/28) |
900 | 805,212 | ||||||
Oshkosh Corp., 4.60%, 05/15/28 (Call 02/15/28) |
634 | 582,633 | ||||||
Westinghouse Air Brake Technologies Corp., 4.95%, 09/15/28 (Call 06/15/28) |
2,643 | 2,465,866 | ||||||
Xylem
Inc./NY, 1.95%, 01/30/28 (Call |
967 | 811,516 | ||||||
|
|
|||||||
6,547,559 |
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) October 31, 2022 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Manufacturing — 0.6% |
||||||||
3M Co., 3.63%, 09/14/28 (Call 06/14/28) |
$ | 1,339 | $ | 1,233,554 | ||||
Textron Inc., 3.38%, 03/01/28 (Call 12/01/27) |
735 | 646,469 | ||||||
Trane Technologies Global Holding Co. Ltd., 3.75%, 08/21/28 (Call 05/21/28) |
1,400 | 1,278,060 | ||||||
|
|
|||||||
3,158,083 | ||||||||
Media — 4.2% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
||||||||
3.75%, 02/15/28 (Call 11/15/27) |
2,101 | 1,849,825 | ||||||
4.20%, 03/15/28 (Call 12/15/27) |
2,490 | 2,228,674 | ||||||
Comcast Corp. |
||||||||
3.15%, 02/15/28 (Call 11/15/27) |
3,263 | 2,942,769 | ||||||
3.55%, 05/01/28 (Call 02/01/28) |
2,029 | 1,855,906 | ||||||
4.15%, 10/15/28 (Call 07/15/28) |
7,255 | 6,806,786 | ||||||
Discovery Communications LLC, 3.95%, 03/20/28 (Call 12/20/27)(a) |
3,302 | 2,865,476 | ||||||
Paramount Global |
||||||||
3.38%, 02/15/28(a) |
1,083 | 937,824 | ||||||
3.70%, 06/01/28 (Call 03/01/28)(a) |
1,108 | 975,029 | ||||||
TCI Communications Inc., 7.13%, 02/15/28(a) |
634 | 679,623 | ||||||
Walt Disney Co. (The), 2.20%, 01/13/28(a) |
2,509 | 2,183,432 | ||||||
|
|
|||||||
23,325,344 | ||||||||
Metal Fabricate & Hardware — 0.1% | ||||||||
Timken Co. (The), 4.50%, 12/15/28 (Call 09/15/28) |
746 | 685,992 | ||||||
|
|
|||||||
Mining — 1.0% | ||||||||
AngloGold Ashanti Holdings PLC, 3.38%, 11/01/28 (Call 09/01/28)(a) |
1,200 | 960,696 | ||||||
Freeport-McMoRan Inc. |
||||||||
4.13%, 03/01/28 (Call 03/01/23) |
1,525 | 1,368,840 | ||||||
4.38%, 08/01/28 (Call 08/01/23) |
1,402 | 1,264,744 | ||||||
Rio Tinto Finance USA Ltd., 7.13%, 07/15/28 |
1,523 | 1,635,672 | ||||||
|
|
|||||||
5,229,952 | ||||||||
Office & Business Equipment — 0.3% | ||||||||
CDW LLC/CDW Finance Corp. |
||||||||
3.28%, 12/01/28 (Call 10/01/28) |
1,010 | 828,564 | ||||||
4.25%, 04/01/28 |
1,102 | 972,493 | ||||||
|
|
|||||||
1,801,057 | ||||||||
Oil & Gas — 3.4% | ||||||||
BP Capital Markets America Inc. |
||||||||
3.94%, 09/21/28 (Call 06/21/28) |
2,023 | 1,878,133 | ||||||
4.23%, 11/06/28 (Call 08/06/28) |
3,692 | 3,475,612 | ||||||
BP Capital Markets PLC, 3.72%, 11/28/28 (Call 08/28/28) |
1,195 | 1,091,226 | ||||||
Chevron USA Inc., 3.85%, 01/15/28 (Call 10/15/27) |
1,491 | 1,414,139 | ||||||
Continental Resources Inc./OK, 4.38%, 01/15/28 (Call 10/15/27) |
2,053 | 1,838,913 | ||||||
Devon Energy Corp., 5.88%, 06/15/28 (Call 06/15/23) |
545 | 542,994 | ||||||
EQT Corp., 5.70%, 04/01/28 (Call 03/01/28) |
20 | 19,465 | ||||||
Marathon Petroleum Corp., 3.80%, 04/01/28 (Call 01/01/28) |
892 | 801,105 | ||||||
Phillips 66, 3.90%, 03/15/28 (Call 12/15/27) |
1,835 | 1,694,824 | ||||||
Phillips
66 Co., 3.75%, 03/01/28 |
704 | 633,326 | ||||||
Shell International Finance BV, 3.88%, 11/13/28 |
2,532 | 2,368,990 | ||||||
TotalEnergies Capital SA, 3.88%, 10/11/28 |
2,436 | 2,273,251 | ||||||
Valero Energy Corp., 4.35%, 06/01/28 (Call 03/01/28)(a) |
886 | 834,142 | ||||||
|
|
|||||||
18,866,120 | ||||||||
Packaging & Containers — 0.5% | ||||||||
Amcor Finance USA Inc., 4.50%, 05/15/28 (Call 02/15/28) |
702 | 643,994 |
Security | Par (000) |
Value | ||||||
Packaging & Containers (continued) |
||||||||
WRKCo Inc. |
||||||||
3.90%, 06/01/28 (Call 03/01/28) |
$ | 1,088 | $ | 976,632 | ||||
4.00%, 03/15/28 (Call 12/15/27) |
1,356 | 1,234,353 | ||||||
|
|
|||||||
2,854,979 | ||||||||
Pharmaceuticals — 7.6% | ||||||||
AbbVie Inc., 4.25%, 11/14/28 (Call 08/14/28) |
3,230 | 3,039,721 | ||||||
Astrazeneca Finance LLC, 1.75%, 05/28/28 (Call 03/28/28) |
2,530 | 2,117,003 | ||||||
Bristol-Myers Squibb Co., 3.90%, 02/20/28 (Call 11/20/27) |
2,635 | 2,497,479 | ||||||
Cigna
Corp., 4.38%, 10/15/28 (Call |
6,760 | 6,353,589 | ||||||
CVS Health Corp., 4.30%, 03/25/28 (Call 12/25/27) |
8,700 | 8,168,169 | ||||||
GlaxoSmithKline Capital Inc., 3.88%, 05/15/28(a) |
3,321 | 3,116,094 | ||||||
Johnson & Johnson, 2.90%, 01/15/28 (Call 10/15/27) |
2,789 | 2,563,537 | ||||||
McKesson Corp., 3.95%, 02/16/28 (Call 11/16/27) |
611 | 566,324 | ||||||
Merck & Co. Inc., 1.90%, 12/10/28 (Call 10/10/28) |
2,167 | 1,816,574 | ||||||
Merck Sharp & Dohme Corp., 5.95%, 12/01/28 |
732 | 767,648 | ||||||
Mylan Inc., 4.55%, 04/15/28 (Call 01/15/28) |
1,528 | 1,369,898 | ||||||
Pfizer Inc., 3.60%, 09/15/28 (Call 06/15/28) |
2,193 | 2,052,714 | ||||||
Pharmacia LLC, 6.60%, 12/01/28(a) |
1,360 | 1,454,561 | ||||||
Sanofi, 3.63%, 06/19/28 (Call 03/19/28)(a) |
2,228 | 2,077,410 | ||||||
Takeda Pharmaceutical Co. Ltd., 5.00%, 11/26/28 (Call 08/26/28)(a) |
3,175 | 3,064,986 | ||||||
Zoetis Inc., 3.90%, 08/20/28 (Call 05/20/28)(a) |
1,256 | 1,158,911 | ||||||
|
|
|||||||
42,184,618 | ||||||||
Pipelines — 3.6% | ||||||||
Energy Transfer LP |
||||||||
4.95%, 05/15/28 (Call 02/15/28) |
1,650 | 1,530,094 | ||||||
4.95%, 06/15/28 (Call 03/15/28)(a) |
1,490 | 1,389,023 | ||||||
Enterprise Products Operating LLC, 4.15%, 10/16/28 (Call 07/16/28) |
1,960 | 1,805,513 | ||||||
Kinder Morgan Inc., 4.30%, 03/01/28 (Call 12/01/27) |
1,982 | 1,852,793 | ||||||
MPLX LP, 4.00%, 03/15/28 (Call 12/15/27) |
2,519 | 2,280,224 | ||||||
ONEOK Inc., 4.55%, 07/15/28 (Call 04/15/28) |
1,752 | 1,591,692 | ||||||
Sabine Pass Liquefaction LLC, 4.20%, 03/15/28 (Call 09/15/27) |
2,757 | 2,516,562 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.00%, 01/15/28 (Call 01/15/23) |
1,465 | 1,351,228 | ||||||
Tennessee Gas Pipeline Co. LLC, 7.00%, 10/15/28 |
990 | 1,025,620 | ||||||
TransCanada PipeLines Ltd., 4.25%, 05/15/28 (Call 02/15/28) |
2,881 | 2,676,651 | ||||||
Transcontinental Gas Pipe Line Co. LLC, 4.00%, 03/15/28 (Call 12/15/27) |
881 | 807,666 | ||||||
Valero Energy Partners LP, 4.50%, 03/15/28 (Call 12/15/27) |
1,121 | 1,057,518 | ||||||
|
|
|||||||
19,884,584 | ||||||||
Real Estate Investment Trusts — 7.4% | ||||||||
Agree LP, 2.00%, 06/15/28 (Call 04/15/28) |
899 | 718,427 | ||||||
Alexandria Real Estate Equities Inc., 3.95%, 01/15/28 (Call 10/15/27) |
640 | 584,998 | ||||||
American Homes 4 Rent LP, 4.25%, 02/15/28 (Call 11/15/27) |
1,147 | 1,046,454 | ||||||
American Tower Corp. |
||||||||
1.50%, 01/31/28 (Call 11/30/27) |
1,470 | 1,165,960 | ||||||
3.60%, 01/15/28 (Call 10/15/27) |
1,541 | 1,366,805 | ||||||
AvalonBay Communities Inc. |
||||||||
1.90%, 12/01/28 (Call 10/01/28) |
280 | 228,231 | ||||||
3.20%, 01/15/28 (Call 10/15/27) |
963 | 863,233 | ||||||
Boston Properties LP, 4.50%, 12/01/28 (Call 09/01/28) |
2,034 | 1,834,058 | ||||||
Brixmor Operating Partnership LP, 2.25%, 04/01/28 (Call 02/01/28) |
869 | 694,948 | ||||||
Camden Property Trust, 4.10%, 10/15/28 (Call 07/15/28) |
920 | 846,483 | ||||||
Crown Castle Inc., 3.80%, 02/15/28 (Call 11/15/27) |
2,133 | 1,923,795 | ||||||
CubeSmart LP, 2.25%, 12/15/28 (Call 10/15/28) |
1,085 | 870,116 |
72 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) |
||||||||
Digital Realty Trust LP |
||||||||
4.45%, 07/15/28 (Call 04/15/28)(a) |
$ | 1,564 | $ | 1,443,838 | ||||
5.55%, 01/15/28 (Call 12/15/27) |
525 | 510,331 | ||||||
EPR Properties, 4.95%, 04/15/28 (Call 01/15/28) |
700 | 573,538 | ||||||
Equinix Inc. |
||||||||
1.55%, 03/15/28 (Call 01/15/28) |
1,392 | 1,113,224 | ||||||
2.00%, 05/15/28 (Call 03/15/28) |
455 | 369,123 | ||||||
ERP Operating LP |
||||||||
3.50%, 03/01/28 (Call 12/01/27) |
1,085 | 973,440 | ||||||
4.15%, 12/01/28 (Call 09/01/28) |
971 | 884,746 | ||||||
Essex Portfolio LP, 1.70%, 03/01/28 (Call 01/01/28) |
475 | 381,534 | ||||||
GLP Capital LP/GLP Financing II Inc., 5.75%, 06/01/28 (Call 03/03/28) |
1,115 | 1,040,094 | ||||||
Healthpeak Properties Inc., 2.13%, 12/01/28 (Call 10/01/28) |
840 | 680,812 | ||||||
Highwoods Realty LP, 4.13%, 03/15/28 (Call 12/15/27)(a) |
874 | 774,513 | ||||||
Hudson Pacific Properties LP, 5.95%, 02/15/28 (Call 01/15/28) |
20 | 18,700 | ||||||
Invitation Homes Operating Partnership LP, 2.30%, 11/15/28 (Call 09/15/28)(a) |
1,085 | 863,617 | ||||||
Kilroy Realty LP, 4.75%, 12/15/28 (Call 09/15/28) |
790 | 710,060 | ||||||
Kimco Realty Corp., 1.90%, 03/01/28 (Call 01/01/28) |
656 | 532,351 | ||||||
Mid-America Apartments LP, 4.20%, 06/15/28 (Call 03/15/28) |
808 | 742,843 | ||||||
National Retail Properties Inc., 4.30%, 10/15/28 (Call 07/15/28) |
690 | 626,451 | ||||||
Omega Healthcare Investors Inc., 4.75%, 01/15/28 (Call 10/15/27)(a) |
1,029 | 923,661 | ||||||
Physicians Realty LP, 3.95%, 01/15/28 (Call 10/15/27) |
808 | 723,661 | ||||||
Prologis LP |
||||||||
3.88%, 09/15/28 (Call 06/15/28)(a) |
665 | 612,146 | ||||||
4.00%, 09/15/28(a) |
749 | 691,439 | ||||||
Public Storage |
||||||||
1.85%, 05/01/28 (Call 03/01/28) |
1,293 | 1,072,763 | ||||||
1.95%, 11/09/28 (Call 09/09/28) |
1,035 | 851,919 | ||||||
Realty Income Corp. |
||||||||
2.20%, 06/15/28 (Call 04/15/28) |
700 | 580,475 | ||||||
3.40%, 01/15/28 (Call 11/15/27)(a) |
1,416 | 1,269,076 | ||||||
3.65%, 01/15/28 (Call 10/15/27) |
1,278 | 1,160,258 | ||||||
Regency Centers LP, 4.13%, 03/15/28 (Call 12/15/27) |
875 | 794,412 | ||||||
Simon Property Group LP, 1.75%, 02/01/28 (Call 11/01/27)(a) |
1,782 | 1,459,387 | ||||||
Spirit Realty LP, 2.10%, 03/15/28 (Call 01/15/28) |
980 | 771,848 | ||||||
STORE Capital Corp., 4.50%, 03/15/28 (Call 12/15/27) |
910 | 828,955 | ||||||
Sun Communities Operating LP, 2.30%, 11/01/28 (Call 09/01/28) |
450 | 359,105 | ||||||
UDR Inc., 3.50%, 01/15/28 (Call 10/15/27) |
385 | 339,220 | ||||||
Ventas Realty LP, 4.00%, 03/01/28 (Call 12/01/27) |
1,065 | 962,440 | ||||||
VICI Properties LP, 4.75%, 02/15/28 (Call 01/15/28) |
2,390 | 2,182,357 | ||||||
Welltower Inc., 4.25%, 04/15/28 (Call 01/15/28) |
1,266 | 1,161,125 | ||||||
|
|
|||||||
41,126,970 | ||||||||
Retail — 3.9% | ||||||||
AutoNation Inc., 1.95%, 08/01/28 (Call 06/01/28) |
850 | 652,384 | ||||||
Best Buy Co. Inc., 4.45%, 10/01/28 (Call 07/01/28)(a) |
1,303 | 1,208,637 | ||||||
Dollar General Corp., 4.13%, 05/01/28 (Call 02/01/28) |
893 | 835,026 | ||||||
Dollar Tree Inc., 4.20%, 05/15/28 (Call 02/15/28) |
2,680 | 2,495,536 | ||||||
Home Depot Inc. (The) |
||||||||
0.90%, 03/15/28 (Call 01/15/28) |
1,180 | 958,254 | ||||||
1.50%, 09/15/28 (Call 07/15/28) |
1,540 | 1,271,239 | ||||||
3.90%, 12/06/28 (Call 09/06/28)(a) |
1,918 | 1,811,378 | ||||||
Lowe’s Companies Inc. |
||||||||
1.30%, 04/15/28 (Call 02/15/28)(a) |
2,193 | 1,777,383 | ||||||
1.70%, 09/15/28 (Call 07/15/28)(a) |
2,031 | 1,660,586 | ||||||
McDonald’s Corp., 3.80%, 04/01/28 (Call 01/01/28) |
2,215 | 2,071,424 |
Security | Par (000) |
Value | ||||||
Retail (continued) |
||||||||
O’Reilly Automotive Inc., 4.35%, 06/01/28 (Call 03/01/28)(a) |
$ | 1,375 | $ | 1,297,340 | ||||
Starbucks Corp. |
||||||||
3.50%, 03/01/28 (Call 12/01/27) |
1,551 | 1,426,780 | ||||||
4.00%, 11/15/28 (Call 08/15/28)(a) |
1,439 | 1,335,665 | ||||||
TJX Companies Inc. (The), 1.15%, 05/15/28 (Call 03/15/28) |
961 | 776,469 | ||||||
Walmart
Inc., 3.70%, 06/26/28 (Call |
2,206 | 2,091,090 | ||||||
|
|
|||||||
21,669,191 | ||||||||
Semiconductors — 2.7% | ||||||||
Analog Devices Inc., 1.70%, 10/01/28 (Call 08/01/28) |
1,625 | 1,343,436 | ||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.50%, 01/15/28 (Call 10/15/27) |
1,490 | 1,311,885 | ||||||
Broadcom Inc. |
||||||||
1.95%, 02/15/28 (Call 12/15/27)(a)(b) |
1,447 | 1,183,516 | ||||||
4.11%, 09/15/28 (Call 06/15/28)(a) |
2,172 | 1,951,607 | ||||||
Intel Corp., 1.60%, 08/12/28 (Call 06/12/28) |
2,355 | 1,943,581 | ||||||
Marvell Technology Inc. |
||||||||
2.45%, 04/15/28 (Call 02/15/28) |
1,213 | 989,238 | ||||||
4.88%, 06/22/28 (Call 03/22/28) |
1,355 | 1,244,202 | ||||||
NVIDIA Corp., 1.55%, 06/15/28 (Call 04/15/28) |
2,432 | 2,010,024 | ||||||
NXP BV/NXP Funding LLC, 5.55%, 12/01/28 (Call 09/01/28)(a) |
1,217 | 1,171,241 | ||||||
QUALCOMM Inc., 1.30%, 05/20/28 (Call 02/20/28) |
2,377 | 1,945,741 | ||||||
|
|
|||||||
15,094,471 | ||||||||
Shipbuilding — 0.2% | ||||||||
Huntington Ingalls Industries Inc., 2.04%, 08/16/28 (Call 06/16/28) |
1,188 | 954,772 | ||||||
|
|
|||||||
Software — 2.5% | ||||||||
Fidelity National Information Services Inc., 1.65%, 03/01/28 (Call 01/01/28)(a) |
1,781 | 1,453,332 | ||||||
Fiserv Inc., 4.20%, 10/01/28 (Call 07/01/28) |
2,307 | 2,136,997 | ||||||
Oracle
Corp., 2.30%, 03/25/28 (Call |
3,845 | 3,211,998 | ||||||
Roper Technologies Inc., 4.20%, 09/15/28 (Call 06/15/28) |
1,712 | 1,587,418 | ||||||
salesforce.com Inc. |
||||||||
1.50%, 07/15/28 (Call 05/15/28) |
1,895 | 1,584,750 | ||||||
3.70%, 04/11/28 (Call 01/11/28)(a) |
2,893 | 2,730,240 | ||||||
VMware Inc., 1.80%, 08/15/28 (Call 06/15/28) |
1,429 | 1,128,638 | ||||||
|
|
|||||||
13,833,373 | ||||||||
Telecommunications — 5.7% | ||||||||
AT&T Inc. |
||||||||
1.65%, 02/01/28 (Call 12/01/27) |
3,988 | 3,290,300 | ||||||
4.10%, 02/15/28 (Call 11/15/27) |
2,950 | 2,759,194 | ||||||
British Telecommunications PLC, 5.13%, 12/04/28 |
1,690 | 1,550,862 | ||||||
Motorola Solutions Inc., 4.60%, 02/23/28 (Call 11/23/27) |
1,584 | 1,485,681 | ||||||
T-Mobile USA Inc. |
||||||||
2.05%, 02/15/28 (Call 12/15/27) |
3,376 | 2,799,852 | ||||||
4.75%, 02/01/28 (Call 02/01/23) |
2,000 | 1,897,200 | ||||||
Verizon Communications Inc. |
||||||||
2.10%, 03/22/28 (Call 01/22/28) |
6,134 | 5,156,302 | ||||||
4.33%, 09/21/28 |
7,369 | 6,916,322 | ||||||
Vodafone Group PLC, 4.38%, 05/30/28 |
5,865 | 5,519,317 | ||||||
|
|
|||||||
31,375,030 | ||||||||
Transportation — 2.4% | ||||||||
Canadian National Railway Co., 6.90%, 07/15/28(a) |
854 | 919,160 | ||||||
Canadian Pacific Railway Co., 4.00%, 06/01/28 (Call 03/01/28) |
1,373 | 1,282,945 | ||||||
CH Robinson Worldwide Inc., 4.20%, 04/15/28 (Call 01/15/28) |
1,268 | 1,159,484 | ||||||
CSX Corp., 3.80%, 03/01/28 (Call 12/01/27) |
1,815 | 1,693,849 |
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) October 31, 2022 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Transportation (continued) |
||||||||
FedEx Corp. |
||||||||
3.40%, 02/15/28 (Call 11/15/27) |
$ | 1,323 | $ | 1,195,397 | ||||
4.20%, 10/17/28 (Call 07/17/28)(a) |
839 | 774,137 | ||||||
Kirby Corp., 4.20%, 03/01/28 (Call 12/01/27) |
1,130 | 998,366 | ||||||
Norfolk Southern Corp., 3.80%, 08/01/28 (Call 05/01/28)(a) |
1,479 | 1,369,051 | ||||||
Union Pacific Corp., 3.95%, 09/10/28 (Call 06/10/28) |
2,245 | 2,113,398 | ||||||
Walmart
Inc., 1.50%, 09/22/28 (Call |
2,052 | 1,714,364 | ||||||
|
|
|||||||
13,220,151 | ||||||||
Trucking & Leasing — 0.2% | ||||||||
GATX Corp. |
||||||||
3.50%, 03/15/28 (Call 12/15/27) |
425 | 373,133 | ||||||
4.55%, 11/07/28 (Call 08/07/28) |
942 | 864,247 | ||||||
|
|
|||||||
1,237,380 | ||||||||
Water — 0.3% | ||||||||
American Water Capital Corp., 3.75%, 09/01/28 (Call 06/01/28) |
1,102 | 1,015,956 | ||||||
United Utilities PLC, 6.88%, 08/15/28(a) |
605 | 624,499 | ||||||
|
|
|||||||
1,640,455 | ||||||||
|
|
|||||||
Total
Long-Term Investments — 98.6% |
545,608,088 | |||||||
|
|
Security | Shares (000) |
Value | ||||||
Short-Term Securities |
||||||||
Money Market Funds — 7.2% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(c)(d)(e) |
37,807 | $ | 37,798,990 | |||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(c)(d) |
1,900 | 1,900,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 7.2% |
39,698,990 | |||||||
|
|
|||||||
Total
Investments — 105.8% |
585,307,078 | |||||||
Liabilities in Excess of Other Assets — (5.8)% |
|
(32,213,924 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 553,093,154 | ||||||
|
|
(a) |
All or a portion of this security is on loan. |
(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) |
Affiliate of the Fund. |
(d) |
Annualized 7-day yield as of period end. |
(e) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 21,666,005 | $ | 16,148,669 | (a) | $ | — | $ | (11,393 | ) | $ | (4,291 | ) | $ | 37,798,990 | 37,807 | $ | 48,942 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
530,000 | 1,370,000 | (a) | — | — | — | 1,900,000 | 1,900 | 15,883 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (11,393 | ) | $ | (4,291 | ) | $ | 39,698,990 | $ | 64,825 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 545,608,088 | $ | — | $ | 545,608,088 | ||||||||
Money Market Funds |
39,698,990 | — | — | 39,698,990 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 39,698,990 | $ | 545,608,088 | $ | — | $ | 585,307,078 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
74 |
2 0 2 2 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 October 31, 2022 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Aerospace & Defense — 0.7% | ||||||||
Boeing Co. (The), 3.20%, 03/01/29 (Call 12/01/28) |
$ | 1,052 | $ | 876,695 | ||||
L3Harris Technologies Inc., 2.90%, 12/15/29 (Call 09/15/29) |
594 | 494,826 | ||||||
Raytheon Technologies Corp., 7.50%, 09/15/29 |
440 | 486,842 | ||||||
|
|
|||||||
1,858,363 | ||||||||
Agriculture — 1.2% | ||||||||
Altria Group Inc., 4.80%, 02/14/29 (Call 11/14/28) |
2,351 | 2,164,307 | ||||||
BAT Capital Corp., 3.46%, 09/06/29 (Call 06/06/29) |
532 | 429,473 | ||||||
Philip Morris International Inc., 3.38%, 08/15/29 (Call 05/15/29) |
879 | 751,818 | ||||||
|
|
|||||||
3,345,598 | ||||||||
Airlines — 0.2% | ||||||||
American Airlines Pass Through Trust |
||||||||
Series 2017-1, Class AA, 3.65%, 08/15/30 |
104 | 92,228 | ||||||
Series 2017-2, Class AA, 3.35%, 04/15/31 |
493 | 416,750 | ||||||
|
|
|||||||
508,978 | ||||||||
Auto Manufacturers — 1.9% | ||||||||
American Honda Finance Corp., 2.25%, 01/12/29 |
738 | 615,381 | ||||||
General Motors Co., 5.40%, 10/15/29 (Call 08/15/29) |
1,245 | 1,153,966 | ||||||
General Motors Financial Co. Inc. |
||||||||
4.30%, 04/06/29 (Call 02/06/29) |
1,190 | 1,045,498 | ||||||
5.65%, 01/17/29 (Call 10/17/28)(a) |
712 | 671,864 | ||||||
Toyota Motor Corp., 2.76%, 07/02/29 |
592 | 513,418 | ||||||
Toyota Motor Credit Corp. |
||||||||
3.65%, 01/08/29 |
742 | 680,800 | ||||||
4.45%, 06/29/29 |
865 | 829,665 | ||||||
|
|
|||||||
5,510,592 | ||||||||
Auto Parts & Equipment — 0.2% | ||||||||
Aptiv PLC, 4.35%, 03/15/29 (Call 12/15/28) |
300 | 267,762 | ||||||
Lear Corp., 4.25%, 05/15/29 (Call 02/15/29) |
444 | 389,739 | ||||||
|
|
|||||||
657,501 | ||||||||
Banks — 7.4% | ||||||||
Banco Santander SA, 3.31%, 06/27/29 |
1,197 | 997,903 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
3.30%, 08/23/29 (Call 05/23/29) |
1,018 | 880,977 | ||||||
3.85%, 04/26/29 (Call 02/26/29) |
335 | 300,361 | ||||||
Series J, 1.90%, 01/25/29 (Call 11/25/28) |
619 | 499,706 | ||||||
Comerica Inc., 4.00%, 02/01/29 |
603 | 550,020 | ||||||
ING Groep NV, 4.05%, 04/09/29 |
1,179 | 1,028,748 | ||||||
KeyBank NA/Cleveland OH, 3.90%, 04/13/29 |
486 | 420,356 | ||||||
KeyCorp, 2.55%, 10/01/29 |
745 | 599,896 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
3.20%, 07/18/29 |
2,190 | 1,834,213 | ||||||
3.74%, 03/07/29 |
1,661 | 1,461,946 | ||||||
Northern Trust Corp., 3.15%, 05/03/29 (Call 02/03/29) |
611 | 537,827 | ||||||
PNC Bank NA, 2.70%, 10/22/29 |
971 | 788,705 | ||||||
PNC Financial Services Group Inc. (The), 3.45%, 04/23/29 (Call 01/23/29) |
1,776 | 1,559,772 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
2.47%, 01/14/29 |
530 | 429,639 | ||||||
2.72%, 09/27/29 |
572 | 460,420 | ||||||
3.04%, 07/16/29 |
2,869 | 2,370,052 | ||||||
3.20%, 09/17/29 |
680 | 558,532 | ||||||
Truist Financial Corp., 3.88%, 03/19/29 |
928 | 826,384 | ||||||
U.S. Bancorp., 3.00%, 07/30/29 (Call 04/30/29) |
1,201 | 1,015,181 | ||||||
Webster Financial Corp., 4.10%, 03/25/29 (Call 12/25/28)(a) |
379 | 339,455 | ||||||
Wells Fargo & Co. |
||||||||
4.15%, 01/24/29 (Call 10/24/28) |
2,961 | 2,694,451 | ||||||
Series B, 7.95%, 11/15/29 |
200 | 212,558 |
Security | Par (000) |
Value | ||||||
Banks (continued) |
||||||||
Wintrust Financial Corp., 4.85%, 06/06/29 |
$ | 320 | $ | 287,498 | ||||
Zions Bancorp NA, 3.25%, 10/29/29 (Call 07/29/29) |
475 | 379,924 | ||||||
|
|
|||||||
21,034,524 | ||||||||
Beverages — 3.7% | ||||||||
Anheuser-Busch InBev Worldwide Inc., 4.75%, 01/23/29 (Call 10/23/28)(a) |
4,618 | 4,496,778 | ||||||
Coca-Cola Co. (The), 2.13%, 09/06/29 |
1,317 | 1,107,676 | ||||||
Constellation Brands Inc., 3.15%, 08/01/29 (Call 05/01/29) |
959 | 820,974 | ||||||
Diageo Capital PLC, 2.38%, 10/24/29 (Call 07/24/29)(a) |
1,193 | 987,876 | ||||||
Keurig Dr Pepper Inc., 3.95%, 04/15/29 (Call 02/15/29) |
1,195 | 1,088,095 | ||||||
PepsiCo Inc. |
||||||||
2.63%, 07/29/29 (Call 04/29/29) |
1,472 | 1,276,180 | ||||||
7.00%, 03/01/29 |
564 | 622,735 | ||||||
|
|
|||||||
10,400,314 | ||||||||
Biotechnology — 0.6% | ||||||||
Amgen Inc. |
||||||||
3.00%, 02/22/29 (Call 12/22/28) |
1,257 | 1,101,346 | ||||||
4.05%, 08/18/29 (Call 06/18/29) |
530 | 488,941 | ||||||
|
|
|||||||
1,590,287 | ||||||||
Building Materials — 0.4% | ||||||||
Fortune Brands Home & Security Inc., 3.25%, 09/15/29 (Call 06/15/29) |
603 | 495,196 | ||||||
Owens Corning, 3.95%, 08/15/29 (Call 05/15/29) |
634 | 557,045 | ||||||
|
|
|||||||
1,052,241 | ||||||||
Chemicals — 2.3% | ||||||||
Cabot Corp., 4.00%, 07/01/29 (Call 04/01/29) |
350 | 303,334 | ||||||
Celanese U.S. Holdings LLC, 6.33%, 07/15/29 (Call 05/15/29) |
941 | 875,817 | ||||||
Dow Chemical Co. (The), 7.38%, 11/01/29 |
1,015 | 1,098,971 | ||||||
FMC Corp., 3.45%, 10/01/29 (Call 07/01/29) |
520 | 443,409 | ||||||
Huntsman International LLC, 4.50%, 05/01/29 (Call 02/01/29) |
864 | 752,907 | ||||||
Nutrien Ltd., 4.20%, 04/01/29 (Call 01/01/29) |
785 | 718,911 | ||||||
PPG Industries Inc., 2.80%, 08/15/29 (Call 05/15/29)(a) |
434 | 367,216 | ||||||
Rohm & Haas Co., 7.85%, 07/15/29 |
655 | 718,790 | ||||||
RPM International Inc., 4.55%, 03/01/29 (Call 12/01/28) |
478 | 433,599 | ||||||
Sherwin-Williams Co. (The), 2.95%, 08/15/29 (Call 05/15/29)(a) |
924 | 783,072 | ||||||
|
|
|||||||
6,496,026 | ||||||||
Commercial Services — 2.7% | ||||||||
Global Payments Inc. |
||||||||
3.20%, 08/15/29 (Call 05/15/29) |
1,506 | 1,250,582 | ||||||
5.30%, 08/15/29 (Call 06/15/29) |
400 | 376,732 | ||||||
Moody’s Corp., 4.25%, 02/01/29 (Call 11/01/28) |
345 | 320,892 | ||||||
PayPal Holdings Inc., 2.85%, 10/01/29 (Call 07/01/29)(a) |
1,935 | 1,647,265 | ||||||
RELX Capital Inc., 4.00%, 03/18/29 (Call 12/18/28) |
1,009 | 916,394 | ||||||
S&P Global Inc. |
||||||||
2.50%, 12/01/29 (Call 09/01/29) |
668 | 556,431 | ||||||
2.70%, 03/01/29 (Call 01/01/29)(b) |
884 | 759,710 | ||||||
4.25%, 05/01/29(a)(b) |
1,150 | 1,073,168 | ||||||
Verisk Analytics Inc., 4.13%, 03/15/29 (Call 12/15/28)(a) |
732 | 669,714 | ||||||
|
|
|||||||
7,570,888 | ||||||||
Computers — 3.4% | ||||||||
Apple Inc. |
||||||||
2.20%, 09/11/29 (Call 06/11/29) |
2,058 | 1,739,833 | ||||||
3.25%, 08/08/29 (Call 06/08/29) |
1,335 | 1,214,743 | ||||||
Dell International LLC/EMC Corp., 5.30%, 10/01/29 (Call 07/01/29)(a) |
2,210 | 2,066,925 | ||||||
HP Inc., 4.00%, 04/15/29 (Call 02/15/29) |
1,125 | 986,366 | ||||||
International Business Machines Corp., 3.50%, 05/15/29 |
3,680 | 3,296,066 |
S C H E D U L E O F I N V E S T M E N T S |
75 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Computers (continued) |
||||||||
Western Digital Corp., 2.85%, 02/01/29 (Call 12/01/28) |
$ | 490 | $ | 379,294 | ||||
|
|
|||||||
9,683,227 | ||||||||
Cosmetics & Personal Care — 0.9% | ||||||||
Estee Lauder Companies Inc. (The), 2.38%, 12/01/29 (Call 09/01/29) |
841 | 703,042 | ||||||
GSK Consumer Healthcare Capital U.S. LLC, 3.38%, 03/24/29 |
1,082 | 943,623 | ||||||
Unilever Capital Corp., 2.13%, 09/06/29 (Call 06/06/29) |
1,208 | 996,479 | ||||||
|
|
|||||||
2,643,144 | ||||||||
Diversified Financial Services — 3.5% | ||||||||
Air
Lease Corp., 3.25%, 10/01/29 (Call |
636 | 509,760 | ||||||
American Express Co., 4.05%, 05/03/29 (Call 03/03/29) |
1,175 | 1,065,584 | ||||||
Brookfield Finance Inc., 4.85%, 03/29/29 (Call 12/29/28) |
1,257 | 1,162,913 | ||||||
Charles Schwab Corp. (The) |
||||||||
2.75%, 10/01/29 (Call 07/01/29) |
613 | 517,930 | ||||||
3.25%, 05/22/29 (Call 02/22/29) |
829 | 734,511 | ||||||
4.00%, 02/01/29 (Call 11/01/28) |
943 | 874,689 | ||||||
Intercontinental Exchange Inc., 4.35%, 06/15/29 (Call 04/15/29)(a) |
1,725 | 1,633,782 | ||||||
Lazard Group LLC, 4.38%, 03/11/29 (Call 12/11/28) |
526 | 474,862 | ||||||
Mastercard
Inc., 2.95%, 06/01/29 (Call |
1,462 | 1,294,601 | ||||||
Nomura Holdings Inc. |
||||||||
2.71%, 01/22/29 |
610 | 489,867 | ||||||
5.61%, 07/06/29 |
628 | 589,924 | ||||||
Synchrony Financial, 5.15%, 03/19/29 (Call 12/19/28) |
717 | 642,547 | ||||||
|
|
|||||||
9,990,970 | ||||||||
Electric — 5.8% | ||||||||
Arizona Public Service Co., 2.60%, 08/15/29 (Call 05/15/29) |
509 | 413,440 | ||||||
Avangrid Inc., 3.80%, 06/01/29 (Call 03/01/29) |
861 | 754,115 | ||||||
Black Hills Corp., 3.05%, 10/15/29 (Call 07/15/29) |
528 | 433,124 | ||||||
DTE Energy Co., Series C, 3.40%, 06/15/29 (Call 03/15/29) |
529 | 457,728 | ||||||
Duke Energy Carolinas LLC, 2.45%, 08/15/29 (Call 05/15/29) |
473 | 395,849 | ||||||
Duke Energy Corp., 3.40%, 06/15/29 (Call 03/15/29) |
709 | 620,021 | ||||||
Duke Energy Florida LLC, 2.50%, 12/01/29 (Call 09/01/29) |
849 | 706,606 | ||||||
Duke Energy Ohio Inc., 3.65%, 02/01/29 (Call 11/01/28) |
533 | 483,767 | ||||||
Duke Energy Progress LLC, 3.45%, 03/15/29 (Call 12/15/28) |
755 | 677,265 | ||||||
Entergy Texas Inc., 4.00%, 03/30/29 (Call 12/30/28) |
437 | 398,876 | ||||||
Evergy Inc., 2.90%, 09/15/29 (Call 06/15/29) |
927 | 765,192 | ||||||
Eversource Energy, Series O, 4.25%, 04/01/29 (Call 01/01/29) |
631 | 582,060 | ||||||
Georgia Power Co., Series B, 2.65%, 09/15/29 (Call 06/15/29) |
759 | 630,099 | ||||||
Interstate Power & Light Co., 3.60%, 04/01/29 (Call 01/01/29) |
217 | 193,985 | ||||||
MidAmerican Energy Co., 3.65%, 04/15/29 (Call 01/15/29) |
1,118 | 1,021,315 | ||||||
National Rural Utilities Cooperative Finance Corp., 3.70%, 03/15/29 (Call 12/15/28) |
483 | 432,758 | ||||||
Nevada Power Co., Series CC, 3.70%, 05/01/29 (Call 02/01/29)(a) |
596 | 537,294 | ||||||
NextEra Energy Capital Holdings Inc. |
||||||||
2.75%, 11/01/29 (Call 08/01/29) |
1,075 | 900,538 | ||||||
3.50%, 04/01/29 (Call 01/01/29) |
658 | 582,363 | ||||||
NSTAR Electric Co., 3.25%, 05/15/29 (Call 02/15/29) |
406 | 361,072 | ||||||
Oncor Electric Delivery Co. LLC, 5.75%, 03/15/29 (Call 12/15/28) |
416 | 422,727 | ||||||
Pacific Gas and Electric Co., 4.20%, 03/01/29 (Call 01/01/29) |
400 | 347,720 | ||||||
PacifiCorp, 3.50%, 06/15/29 (Call 03/15/29)(a) |
446 | 396,360 | ||||||
Public Service Electric & Gas Co., 3.20%, 05/15/29 (Call 02/15/29) |
433 | 384,171 | ||||||
Sempra Energy, 3.70%, 04/01/29 (Call 02/01/29) |
541 | 477,292 | ||||||
Southern California Edison Co. |
||||||||
2.85%, 08/01/29 (Call 05/01/29) |
552 | 462,123 |
Security | Par (000) |
Value | ||||||
Electric (continued) |
||||||||
6.65%, 04/01/29 |
$ | 442 | $ | 443,096 | ||||
Series A, 4.20%, 03/01/29 (Call 12/01/28) |
498 | 458,479 | ||||||
Union Electric Co., 3.50%, 03/15/29 (Call 12/15/28) |
644 | 579,317 | ||||||
Virginia Electric & Power Co., Series A, 2.88%, 07/15/29 (Call 04/15/29) |
548 | 470,677 | ||||||
Wisconsin Power and Light Co., 3.00%, 07/01/29 (Call 04/01/29) |
301 | 259,327 | ||||||
Xcel Energy Inc., 2.60%, 12/01/29 (Call 06/01/29) |
504 | 415,089 | ||||||
|
|
|||||||
16,463,845 | ||||||||
Electronics — 1.2% | ||||||||
Agilent Technologies Inc., 2.75%, 09/15/29 (Call 06/15/29) |
614 | 515,711 | ||||||
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29) |
443 | 369,404 | ||||||
Amphenol Corp., 4.35%, 06/01/29 (Call 03/01/29) |
503 | 470,909 | ||||||
Flex Ltd., 4.88%, 06/15/29 (Call 03/15/29) |
660 | 591,017 | ||||||
Honeywell International Inc., 2.70%, 08/15/29 (Call 05/15/29) |
963 | 839,332 | ||||||
Keysight Technologies Inc., 3.00%, 10/30/29 (Call 07/30/29) |
714 | 597,946 | ||||||
|
|
|||||||
3,384,319 | ||||||||
Entertainment — 0.5% | ||||||||
Magallanes
Inc., 4.05%, 03/15/29 |
1,722 | 1,464,406 | ||||||
|
|
|||||||
Environmental Control — 0.4% | ||||||||
Waste Connections Inc., 3.50%, 05/01/29 (Call 02/01/29) |
693 | 618,017 | ||||||
Waste Management Inc., 2.00%, 06/01/29 (Call 04/01/29) |
673 | 554,061 | ||||||
|
|
|||||||
1,172,078 | ||||||||
Food — 1.1% | ||||||||
Ahold Finance USA LLC, 6.88%, 05/01/29 |
400 | 416,004 | ||||||
Hershey Co. (The), 2.45%, 11/15/29 (Call 08/15/29) |
263 | 221,101 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc. |
||||||||
3.00%, 02/02/29 (Call 12/02/28)(b) |
130 | 105,486 | ||||||
6.50%, 04/15/29 (Call 04/15/24)(b) |
15 | 15,473 | ||||||
Kraft Heinz Foods Co., 4.63%, 01/30/29 (Call 10/30/28)(a) |
475 | 455,687 | ||||||
Kroger Co. (The), 4.50%, 01/15/29 (Call 10/15/28) |
804 | 754,168 | ||||||
Tyson
Foods Inc., 4.35%, 03/01/29 |
1,076 | 1,010,568 | ||||||
|
|
|||||||
2,978,487 | ||||||||
Forest Products & Paper — 0.8% | ||||||||
Georgia-Pacific LLC, 7.75%, 11/15/29 |
445 | 493,585 | ||||||
Suzano Austria GmbH, 6.00%, 01/15/29 (Call 10/15/28) |
1,929 | 1,833,978 | ||||||
|
|
|||||||
2,327,563 | ||||||||
Gas — 0.6% | ||||||||
Atmos Energy Corp., 2.63%, 09/15/29 (Call 06/15/29) |
535 | 451,123 | ||||||
NiSource Inc., 2.95%, 09/01/29 (Call 06/01/29) |
760 | 635,489 | ||||||
Piedmont Natural Gas Co. Inc., 3.50%, 06/01/29 (Call 03/01/29)(a) |
659 | 584,704 | ||||||
|
|
|||||||
1,671,316 | ||||||||
Health Care - Products — 1.0% | ||||||||
DH Europe Finance II Sarl, 2.60%, 11/15/29 (Call 08/15/29)(a) |
1,130 | 961,427 | ||||||
PerkinElmer Inc., 3.30%, 09/15/29 (Call 06/15/29) |
1,023 | 861,069 | ||||||
Thermo Fisher Scientific Inc., 2.60%, 10/01/29 (Call 07/01/29)(a) |
1,184 | 1,014,652 | ||||||
|
|
|||||||
2,837,148 | ||||||||
Health Care - Services — 4.3% | ||||||||
Adventist Health System/West, 2.95%, 03/01/29 (Call 12/01/28) |
340 | 287,008 | ||||||
Ascension Health, Series B, 2.53%, 11/15/29 (Call 08/15/29) |
685 | 570,927 | ||||||
Centene Corp., 4.63%, 12/15/29 (Call 12/15/24) |
649 | 587,235 | ||||||
CommonSpirit Health, 3.35%, 10/01/29 (Call 04/01/29) |
705 | 592,010 | ||||||
Elevance Health Inc., 2.88%, 09/15/29 (Call 06/15/29) |
948 | 805,876 | ||||||
HCA Inc. |
||||||||
3.38%, 03/15/29 (Call 01/15/29)(a)(b) |
635 | 538,321 | ||||||
4.13%, 06/15/29 (Call 03/15/29) |
2,284 | 2,015,516 |
76 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Health Care - Services (continued) |
||||||||
5.88%, 02/01/29 (Call 08/01/28)(a) |
$ | 1,323 | $ | 1,292,359 | ||||
Humana Inc. |
||||||||
3.13%, 08/15/29 (Call 05/15/29) |
570 | 487,327 | ||||||
3.70%, 03/23/29 (Call 02/23/29)(a) |
1,014 | 902,551 | ||||||
Laboratory Corp. of America Holdings, 2.95%, 12/01/29 (Call 09/01/29)(a) |
709 | 592,745 | ||||||
Providence St Joseph Health Obligated Group, Series 19A, 2.53%, 10/01/29 (Call 07/01/29) |
757 | 618,401 | ||||||
Quest Diagnostics Inc., 4.20%, 06/30/29 (Call 03/30/29) |
619 | 569,845 | ||||||
Rush Obligated Group, Series 2020, 3.92%, 11/15/29 (Call 08/15/29) |
323 | 288,239 | ||||||
UnitedHealth Group Inc. |
||||||||
2.88%, 08/15/29 |
1,080 | 936,716 | ||||||
4.00%, 05/15/29 (Call 03/15/29) |
1,179 | 1,096,505 | ||||||
|
|
|||||||
12,181,581 | ||||||||
Holding Companies - Diversified — 0.2% | ||||||||
Blackstone Private Credit Fund, 4.00%, 01/15/29 (Call 11/15/28) |
655 | 534,401 | ||||||
|
|
|||||||
Home Builders — 0.2% | ||||||||
Toll Brothers Finance Corp., 3.80%, 11/01/29 (Call 08/01/29)(a) |
620 | 502,014 | ||||||
|
|
|||||||
Home Furnishings — 0.5% | ||||||||
Leggett & Platt Inc., 4.40%, 03/15/29 (Call 12/15/28) |
597 | 545,712 | ||||||
Whirlpool Corp., 4.75%, 02/26/29 (Call 11/26/28)(a) |
789 | 735,198 | ||||||
|
|
|||||||
1,280,910 | ||||||||
Household Products & Wares — 0.5% | ||||||||
Clorox Co. (The), 4.40%, 05/01/29 (Call 03/01/29) |
630 | 591,677 | ||||||
Kimberly-Clark Corp., 3.20%, 04/25/29 (Call 01/25/29) |
1,032 | 921,308 | ||||||
|
|
|||||||
1,512,985 | ||||||||
Insurance — 3.7% | ||||||||
Aon Corp., 3.75%, 05/02/29 (Call 02/02/29) |
890 | 793,613 | ||||||
AXIS Specialty Finance LLC, 3.90%, 07/15/29 (Call 04/15/29) |
338 | 292,214 | ||||||
Brown & Brown Inc., 4.50%, 03/15/29 (Call 12/15/28) |
334 | 305,316 | ||||||
CNA Financial Corp., 3.90%, 05/01/29 (Call 02/01/29) |
521 | 459,298 | ||||||
CNO Financial Group Inc., 5.25%, 05/30/29 (Call 02/28/29)(a) |
591 | 538,531 | ||||||
Corebridge Financial Inc., 3.85%, 04/05/29 (Call 02/05/29)(b) |
1,144 | 1,000,028 | ||||||
Enstar Group Ltd., 4.95%, 06/01/29 (Call 03/01/29)(a) |
579 | 512,427 | ||||||
Hartford Financial Services Group Inc. (The), 2.80%, 08/19/29 (Call 05/19/29) |
840 | 697,385 | ||||||
Markel Corp., 3.35%, 09/17/29 (Call 06/17/29) |
480 | 407,928 | ||||||
Marsh & McLennan Companies Inc., 4.38%, 03/15/29 (Call 12/15/28)(a) |
1,863 | 1,759,641 | ||||||
PartnerRe Finance B LLC, 3.70%, 07/02/29 (Call 04/02/29) |
508 | 445,155 | ||||||
Principal Financial Group Inc., 3.70%, 05/15/29 (Call 02/15/29) |
506 | 448,908 | ||||||
Progressive Corp. (The) |
||||||||
4.00%, 03/01/29 (Call 12/01/28) |
927 | 861,730 | ||||||
6.63%, 03/01/29(a) |
209 | 221,705 | ||||||
Reinsurance Group of America Inc., 3.90%, 05/15/29 (Call 02/15/29)(a) |
612 | 544,821 | ||||||
RenaissanceRe Holdings Ltd., 3.60%, 04/15/29 (Call 01/15/29) |
601 | 529,589 | ||||||
Unum
Group, 4.00%, 06/15/29 |
95 | 82,978 | ||||||
Willis North America Inc., 2.95%, 09/15/29 (Call 06/15/29) |
757 | 614,608 | ||||||
|
|
|||||||
10,515,875 | ||||||||
Internet — 0.5% | ||||||||
Amazon.com Inc., 3.45%, 04/13/29 (Call 02/13/29)(a) |
1,657 | 1,520,248 | ||||||
|
|
Security | Par (000) |
Value | ||||||
Iron & Steel — 0.2% |
||||||||
ArcelorMittal SA, 4.25%, 07/16/29(a) |
$ | 640 | $ | 566,131 | ||||
|
|
|||||||
Lodging — 0.2% | ||||||||
Choice Hotels International Inc., 3.70%, 12/01/29 (Call 09/01/29) |
620 | 519,436 | ||||||
|
|
|||||||
Machinery — 1.4% | ||||||||
Caterpillar Inc., 2.60%, 09/19/29 (Call 06/19/29) |
626 | 535,299 | ||||||
Deere & Co., 5.38%, 10/16/29 |
563 | 571,777 | ||||||
Dover Corp., 2.95%, 11/04/29 (Call 08/04/29) |
448 | 379,814 | ||||||
John Deere Capital Corp. |
||||||||
2.80%, 07/18/29 |
594 | 514,161 | ||||||
3.35%, 04/18/29 |
723 | 653,780 | ||||||
3.45%, 03/07/29 |
738 | 671,078 | ||||||
Rockwell Automation Inc., 3.50%, 03/01/29 (Call 12/01/28) |
588 | 534,110 | ||||||
|
|
|||||||
3,860,019 | ||||||||
Manufacturing — 2.0% | ||||||||
3M Co. |
||||||||
2.38%, 08/26/29 (Call 05/26/29)(a) |
1,034 | 853,650 | ||||||
3.38%, 03/01/29 (Call 12/01/28)(a) |
1,084 | 973,389 | ||||||
Parker-Hannifin Corp. |
||||||||
3.25%, 06/14/29 (Call 03/14/29) |
1,088 | 945,200 | ||||||
4.50%, 09/15/29 (Call 07/15/29) |
1,315 | 1,228,775 | ||||||
Pentair Finance Sarl, 4.50%, 07/01/29 (Call 04/01/29) |
463 | 410,186 | ||||||
Textron Inc., 3.90%, 09/17/29 (Call 06/17/29) |
314 | 276,816 | ||||||
Trane Technologies Luxembourg Finance SA, 3.80%, 03/21/29 (Call 12/21/28) |
963 | 858,774 | ||||||
|
|
|||||||
5,546,790 | ||||||||
Media — 2.8% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
||||||||
2.25%, 01/15/29 (Call 11/15/28) |
1,340 | 1,054,794 | ||||||
5.05%, 03/30/29 (Call 12/30/28) |
1,611 | 1,483,183 | ||||||
Discovery Communications LLC, 4.13%, 05/15/29 (Call 02/15/29) |
892 | 753,580 | ||||||
Fox Corp., 4.71%, 01/25/29 (Call 10/25/28) |
2,444 | 2,275,144 | ||||||
Paramount Global, 4.20%, 06/01/29 (Call 03/01/29) |
577 | 503,617 | ||||||
Walt Disney Co. (The), 2.00%, 09/01/29 (Call 06/01/29) |
2,437 | 1,989,689 | ||||||
|
|
|||||||
8,060,007 | ||||||||
Mining — 0.5% | ||||||||
Freeport-McMoRan Inc., 5.25%, 09/01/29 (Call 09/01/24) |
700 | 651,070 | ||||||
Newmont Corp., 2.80%, 10/01/29 (Call 07/01/29) |
926 | 765,533 | ||||||
|
|
|||||||
1,416,603 | ||||||||
Office & Business Equipment — 0.2% | ||||||||
CDW LLC/CDW Finance Corp., 3.25%, 02/15/29 (Call 08/15/23) |
694 | 568,913 | ||||||
|
|
|||||||
Oil & Gas — 3.4% | ||||||||
Chevron USA Inc., 3.25%, 10/15/29 (Call 07/15/29) |
648 | 581,438 | ||||||
ConocoPhillips Co., 6.95%, 04/15/29 |
1,283 | 1,394,390 | ||||||
Coterra Energy Inc., 4.38%, 03/15/29(b) |
574 | 528,706 | ||||||
Diamondback Energy Inc., 3.50%, 12/01/29 (Call 09/01/29) |
1,391 | 1,201,949 | ||||||
EQT Corp., 5.00%, 01/15/29 (Call 07/15/28) |
435 | 404,180 | ||||||
Exxon Mobil Corp., 2.44%, 08/16/29 (Call 05/16/29)(a) |
1,466 | 1,255,043 | ||||||
Hess Corp., 7.88%, 10/01/29 |
569 | 619,004 | ||||||
Phillips 66 Co., 3.15%, 12/15/29 (Call 09/15/29)(b) |
685 | 578,277 | ||||||
Shell International Finance BV, 2.38%, 11/07/29 (Call 08/07/29)(a) |
1,796 | 1,513,956 | ||||||
TotalEnergies Capital International SA, 3.45%, 02/19/29 (Call 11/19/28)(a) |
1,537 | 1,396,564 |
S C H E D U L E O F I N V E S T M E N T S |
77 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Oil & Gas (continued) |
||||||||
Valero Energy Corp., 4.00%, 04/01/29 (Call 01/01/29) |
$ | 35 | $ | 31,948 | ||||
|
|
|||||||
9,505,455 | ||||||||
Oil & Gas Services — 0.4% | ||||||||
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., 3.14%, 11/07/29 (Call 08/07/29) |
540 | 458,201 | ||||||
NOV Inc., 3.60%, 12/01/29 (Call 09/01/29) |
658 | 560,451 | ||||||
|
|
|||||||
1,018,652 | ||||||||
Packaging & Containers — 0.5% | ||||||||
Packaging Corp. of America, 3.00%, 12/15/29 (Call 09/15/29) |
472 | 392,888 | ||||||
WRKCo Inc., 4.90%, 03/15/29 (Call 12/15/28)(a) |
982 | 922,550 | ||||||
|
|
|||||||
1,315,438 | ||||||||
Pharmaceuticals — 6.1% | ||||||||
AbbVie Inc., 3.20%, 11/21/29 (Call 08/21/29)(a) |
6,356 | 5,548,915 | ||||||
AstraZeneca PLC, 4.00%, 01/17/29 (Call 10/17/28) |
1,395 | 1,312,848 | ||||||
Bristol-Myers Squibb Co., 3.40%, 07/26/29 (Call 04/26/29) |
2,407 | 2,186,808 | ||||||
CVS Health Corp., 3.25%, 08/15/29 (Call 05/15/29)(a) |
2,189 | 1,900,731 | ||||||
Eli
Lilly & Co., 3.38%, 03/15/29 |
1,149 | 1,062,940 | ||||||
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 (Call 03/01/29) |
1,251 | 1,128,427 | ||||||
Johnson & Johnson, 6.95%, 09/01/29 |
140 | 158,666 | ||||||
Merck & Co. Inc., 3.40%, 03/07/29 (Call 12/07/28)(a) |
1,929 | 1,761,466 | ||||||
Pfizer Inc., 3.45%, 03/15/29 (Call 12/15/28) |
2,335 | 2,139,047 | ||||||
|
|
|||||||
17,199,848 | ||||||||
Pipelines — 4.1% | ||||||||
Boardwalk Pipelines LP, 4.80%, 05/03/29 (Call 02/03/29) |
457 | 416,099 | ||||||
Cheniere Corpus Christi Holdings LLC, 3.70%, 11/15/29 (Call 05/18/29) |
1,827 | 1,596,469 | ||||||
DCP Midstream Operating LP, 5.13%, 05/15/29 (Call 02/15/29) |
625 | 586,156 | ||||||
Eastern Gas Transmission & Storage Inc., 3.00%, 11/15/29 (Call 08/15/29) |
522 | 441,675 | ||||||
Enbridge
Inc., 3.13%, 11/15/29 |
1,237 | 1,055,260 | ||||||
Energy Transfer LP |
||||||||
4.15%, 09/15/29 (Call 06/15/29)(a) |
658 | 572,407 | ||||||
5.25%, 04/15/29 (Call 01/15/29)(a) |
1,798 | 1,684,960 | ||||||
Enterprise Products Operating LLC, 3.13%, 07/31/29 (Call 04/30/29) |
1,496 | 1,286,500 | ||||||
MPLX LP, 4.80%, 02/15/29 (Call 11/15/28) |
904 | 837,384 | ||||||
ONEOK Inc. |
||||||||
3.40%, 09/01/29 (Call 06/01/29) |
859 | 718,674 | ||||||
4.35%, 03/15/29 (Call 12/15/28)(a) |
719 | 639,414 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 3.55%, 12/15/29 (Call 09/15/29) |
1,142 | 952,816 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 6.88%, 01/15/29 (Call 01/15/24) |
810 | 807,894 | ||||||
|
|
|||||||
11,595,708 | ||||||||
Real Estate Investment Trusts — 9.0% | ||||||||
Alexandria Real Estate Equities Inc. |
||||||||
2.75%, 12/15/29 (Call 09/15/29) |
605 | 492,283 | ||||||
4.50%, 07/30/29 (Call 04/30/29) |
338 | 308,827 | ||||||
American Homes 4 Rent LP, 4.90%, 02/15/29 (Call 11/15/28)(a) |
564 | 520,741 | ||||||
American Tower Corp. |
||||||||
3.80%, 08/15/29 (Call 05/15/29) |
1,916 | 1,672,342 | ||||||
3.95%, 03/15/29 (Call 12/15/28) |
848 | 751,023 | ||||||
AvalonBay Communities Inc., 3.30%, 06/01/29 (Call 03/01/29) |
489 | 428,882 | ||||||
Boston Properties LP, 3.40%, 06/21/29 (Call 03/21/29) |
829 | 686,661 | ||||||
Brandywine Operating Partnership LP, 4.55%, 10/01/29 (Call 07/01/29) |
415 | 359,755 |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) |
||||||||
Brixmor Operating Partnership LP, 4.13%, 05/15/29 (Call 02/15/29) |
$ | 799 | $ | 683,177 | ||||
Camden Property Trust, 3.15%, 07/01/29 (Call 04/01/29) |
834 | 714,621 | ||||||
Corporate Office Properties LP, 2.00%, 01/15/29 (Call 11/15/28) |
418 | 311,820 | ||||||
Crown Castle International Corp. |
||||||||
3.10%, 11/15/29 (Call 08/15/29) |
729 | 607,177 | ||||||
4.30%, 02/15/29 (Call 11/15/28) |
442 | 402,286 | ||||||
CubeSmart LP, 4.38%, 02/15/29 (Call 11/15/28) |
467 | 422,430 | ||||||
Digital Realty Trust LP, 3.60%, 07/01/29 (Call 04/01/29)(a) |
1,178 | 1,015,778 | ||||||
EPR Properties, 3.75%, 08/15/29 (Call 05/15/29) |
365 | 267,600 | ||||||
Equinix Inc., 3.20%, 11/18/29 (Call 08/18/29)(a) |
1,423 | 1,194,452 | ||||||
ERP Operating LP, 3.00%, 07/01/29 (Call 04/01/29) |
776 | 659,740 | ||||||
Essex Portfolio LP, 4.00%, 03/01/29 (Call 12/01/28) |
702 | 623,123 | ||||||
Extra Space Storage LP, 3.90%, 04/01/29 (Call 02/01/29) |
243 | 212,870 | ||||||
Federal Realty Investment Trust, 3.20%, 06/15/29 (Call 03/15/29) |
545 | 460,481 | ||||||
GLP Capital LP/GLP Financing II Inc., 5.30%, 01/15/29 (Call 10/15/28) |
886 | 801,972 | ||||||
Healthpeak Properties Inc., 3.50%, 07/15/29 (Call 04/15/29) |
715 | 617,617 | ||||||
Highwoods Realty LP, 4.20%, 04/15/29 (Call 01/15/29) |
333 | 281,841 | ||||||
Host Hotels & Resorts LP, Series H, 3.38%, 12/15/29 |
933 | 748,807 | ||||||
Hudson Pacific Properties LP, 4.65%, 04/01/29 (Call 01/01/29)(a) |
513 | 440,000 | ||||||
Kilroy Realty LP, 4.25%, 08/15/29 (Call 05/15/29) |
362 | 313,601 | ||||||
Life Storage LP, 4.00%, 06/15/29 (Call 03/15/29) |
484 | 421,922 | ||||||
Mid-America Apartments LP, 3.95%, 03/15/29 (Call 12/15/28) |
743 | 668,373 | ||||||
Omega Healthcare Investors Inc., 3.63%, 10/01/29 (Call 07/01/29) |
484 | 385,608 | ||||||
Prologis LP |
||||||||
2.88%, 11/15/29 |
92 | 76,868 | ||||||
4.38%, 02/01/29 (Call 11/01/28) |
424 | 396,567 | ||||||
Public Storage, 3.39%, 05/01/29 (Call 02/01/29) |
597 | 527,706 | ||||||
Realty Income Corp. |
||||||||
3.10%, 12/15/29 (Call 09/15/29)(a) |
753 | 633,559 | ||||||
3.25%, 06/15/29 (Call 03/15/29) |
618 | 533,007 | ||||||
Regency Centers LP, 2.95%, 09/15/29 (Call 06/15/29) |
467 | 379,470 | ||||||
Sabra Health Care LP, 3.90%, 10/15/29 (Call 07/15/29) |
489 | 390,423 | ||||||
Simon Property Group LP, 2.45%, 09/13/29 (Call 06/13/29) |
1,514 | 1,213,259 | ||||||
Spirit Realty LP, 4.00%, 07/15/29 (Call 04/15/29) |
385 | 325,263 | ||||||
STORE Capital Corp., 4.63%, 03/15/29 (Call 12/15/28)(a) |
383 | 355,757 | ||||||
UDR Inc., 4.40%, 01/26/29 (Call 10/26/28) |
315 | 285,985 | ||||||
Ventas Realty LP, 4.40%, 01/15/29 (Call 10/15/28) |
907 | 819,583 | ||||||
Welltower Inc. |
||||||||
2.05%, 01/15/29 (Call 11/15/28) |
633 | 498,823 | ||||||
4.13%, 03/15/29 |
687 | 610,489 | ||||||
Weyerhaeuser Co., 4.00%, 11/15/29 (Call 08/15/29) |
710 | 628,137 | ||||||
WP Carey Inc., 3.85%, 07/15/29 (Call 04/15/29) |
417 | 361,426 | ||||||
|
|
|||||||
25,512,132 | ||||||||
Retail — 2.9% | ||||||||
AutoZone Inc., 3.75%, 04/18/29 (Call 01/18/29) |
331 | 296,407 | ||||||
Home Depot Inc. (The), 2.95%, 06/15/29 (Call 03/15/29)(a) |
2,055 | 1,812,716 | ||||||
Lowe’s Companies Inc. |
||||||||
3.65%, 04/05/29 (Call 01/05/29)(a) |
1,768 | 1,590,369 | ||||||
6.50%, 03/15/29(a) |
325 | 339,443 | ||||||
McDonald’s Corp., 2.63%, 09/01/29 (Call 06/01/29)(a) |
1,020 | 871,794 | ||||||
O’Reilly Automotive Inc., 3.90%, 06/01/29 (Call 03/01/29)(a) |
556 | 502,763 | ||||||
Starbucks
Corp., 3.55%, 08/15/29 |
1,092 | 983,051 | ||||||
Target Corp., 3.38%, 04/15/29 (Call 01/15/29) |
1,164 | 1,051,581 |
78 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Retail (continued) |
||||||||
Walmart Inc. |
||||||||
2.38%, 09/24/29 (Call 06/24/29)(a) |
$ | 202 | $ | 172,752 | ||||
3.25%, 07/08/29 (Call 04/08/29) |
777 | 709,595 | ||||||
|
|
|||||||
8,330,471 | ||||||||
Semiconductors — 4.1% | ||||||||
Broadcom Inc. |
||||||||
4.00%, 04/15/29 (Call 02/15/29)(a)(b) |
1,090 | 956,584 | ||||||
4.75%, 04/15/29 (Call 01/15/29)(a) |
1,941 | 1,802,374 | ||||||
Intel Corp. |
||||||||
2.45%, 11/15/29 (Call 08/15/29) |
2,485 | 2,061,780 | ||||||
4.00%, 08/05/29 (Call 06/05/29) |
930 | 858,771 | ||||||
KLA
Corp., 4.10%, 03/15/29 (Call |
1,075 | 1,011,425 | ||||||
Lam Research Corp., 4.00%, 03/15/29 (Call 12/15/28) |
1,185 | 1,098,886 | ||||||
Micron Technology Inc., 5.33%, 02/06/29 (Call 11/06/28) |
672 | 624,429 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 4.30%, 06/18/29 (Call 03/18/29)(a) |
1,177 | 1,056,675 | ||||||
Qorvo Inc., 4.38%, 10/15/29 (Call 10/15/24) |
856 | 731,820 | ||||||
Texas Instruments Inc., 2.25%, 09/04/29 (Call 06/04/29) |
958 | 806,607 | ||||||
TSMC Arizona Corp., 4.13%, 04/22/29 (Call 02/22/29) |
500 | 461,895 | ||||||
|
|
|||||||
11,471,246 | ||||||||
Software — 2.1% | ||||||||
Broadridge Financial Solutions Inc., 2.90%, 12/01/29 (Call 09/01/29) |
1,014 | 835,942 | ||||||
Fidelity National Information Services Inc., 3.75%, 05/21/29 (Call 02/21/29)(a) |
665 | 593,054 | ||||||
Fiserv Inc., 3.50%, 07/01/29 (Call 04/01/29) |
3,575 | 3,106,425 | ||||||
Roper Technologies Inc., 2.95%, 09/15/29 (Call 06/15/29) |
715 | 596,381 | ||||||
Workday Inc., 3.70%, 04/01/29 (Call 02/01/29) |
850 | 757,503 | ||||||
|
|
|||||||
5,889,305 | ||||||||
Telecommunications — 4.9% | ||||||||
America Movil SAB de CV, 3.63%, 04/22/29 (Call 01/22/29) |
950 | 839,325 | ||||||
AT&T Inc., 4.35%, 03/01/29 (Call 12/01/28) |
3,490 | 3,239,837 | ||||||
Juniper Networks Inc., 3.75%, 08/15/29 (Call 05/15/29) |
427 | 366,106 | ||||||
Motorola Solutions Inc., 4.60%, 05/23/29 (Call 02/23/29) |
817 | 750,905 | ||||||
T-Mobile USA Inc. |
||||||||
2.40%, 03/15/29 (Call 01/15/29) |
945 | 772,131 | ||||||
2.63%, 02/15/29 (Call 02/15/24) |
1,040 | 863,054 | ||||||
3.38%, 04/15/29 (Call 04/15/24)(a) |
2,070 | 1,791,647 | ||||||
Verizon Communications Inc. |
||||||||
3.88%, 02/08/29 (Call 11/08/28) |
1,304 | 1,184,801 | ||||||
4.02%, 12/03/29 (Call 09/03/29)(b) |
50 | 45,173 | ||||||
4.02%, 12/03/29 (Call 09/03/29) |
4,578 | 4,135,994 | ||||||
|
|
|||||||
13,988,973 | ||||||||
Toys, Games & Hobbies — 0.3% | ||||||||
Hasbro Inc., 3.90%, 11/19/29 (Call 08/19/29) |
1,114 | 963,075 | ||||||
|
|
Security | Par/ Shares (000) |
Value | ||||||
Transportation — 2.0% |
||||||||
CSX Corp., 4.25%, 03/15/29 (Call 12/15/28)(a) |
$ | 1,221 | $ | 1,144,272 | ||||
FedEx Corp., 3.10%, 08/05/29 (Call 05/05/29)(a) |
918 | 784,055 | ||||||
Kansas City Southern, 2.88%, 11/15/29 (Call 08/15/29) |
671 | 564,754 | ||||||
Norfolk Southern Corp., 2.55%, 11/01/29 (Call 08/01/29) |
622 | 518,518 | ||||||
Union Pacific Corp. |
||||||||
3.70%, 03/01/29 (Call 12/01/28) |
751 | 690,612 | ||||||
6.63%, 02/01/29(a) |
535 | 573,279 | ||||||
United Parcel Service Inc. |
||||||||
2.50%, 09/01/29 (Call 06/01/29) |
616 | 523,852 | ||||||
3.40%, 03/15/29 (Call 12/15/28) |
877 | 799,105 | ||||||
|
|
|||||||
5,598,447 | ||||||||
Trucking & Leasing — 0.2% | ||||||||
GATX Corp., 4.70%, 04/01/29 (Call 01/01/29) |
597 | 548,918 | ||||||
|
|
|||||||
Water — 0.3% | ||||||||
American Water Capital Corp., 3.45%, 06/01/29 (Call 03/01/29) |
691 | 611,473 | ||||||
Essential Utilities Inc., 3.57%, 05/01/29 (Call 02/01/29)(a) |
413 | 360,937 | ||||||
|
|
|||||||
972,410 | ||||||||
|
|
|||||||
Total Long-Term Investments — 98.0% (Cost: $314,083,332) |
277,137,806 | |||||||
|
|
|||||||
Short-Term Securities | ||||||||
Money Market Funds — 9.9% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(c)(d)(e) |
27,125 | 27,119,990 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(c)(d) |
1,063 | 1,063,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 9.9% |
28,182,990 | |||||||
|
|
|||||||
Total
Investments — 107.9% |
305,320,796 | |||||||
Liabilities in Excess of Other Assets — (7.9)% |
|
(22,484,355 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 282,836,441 | ||||||
|
|
(a) |
All or a portion of this security is on loan. |
(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) |
Affiliate of the Fund. |
(d) |
Annualized 7-day yield as of period end. |
(e) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 11,169,250 | $ | 15,962,113 | (a) | $ | — | $ | (9,110 | ) | $ | (2,263 | ) | $ | 27,119,990 | 27,125 | $ | 45,727 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
593,000 | 470,000 | (a) | — | — | — | 1,063,000 | 1,063 | 15,294 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (9,110 | ) | $ | (2,263 | ) | $ | 28,182,990 | $ | 61,021 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
S C H E D U L E O F I N V E S T M E N T S |
79 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Affiliates (continued)
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 277,137,806 | $ | — | $ | 277,137,806 | ||||||||
Money Market Funds |
28,182,990 | — | — | 28,182,990 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 28,182,990 | $ | 277,137,806 | $ | — | $ | 305,320,796 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
80 |
2 0 2 2 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 October 31, 2022 |
iShares® iBonds® Dec 2030 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Advertising — 0.6% | ||||||||
Interpublic Group of Companies Inc. (The), 4.75%, 03/30/30 (Call 12/30/29) |
$ | 372 | $ | 337,657 | ||||
Omnicom Group Inc. |
||||||||
2.45%, 04/30/30 (Call 01/30/30) |
452 | 360,185 | ||||||
4.20%, 06/01/30 (Call 03/01/30)(a) |
387 | 348,393 | ||||||
|
|
|||||||
1,046,235 | ||||||||
Aerospace & Defense — 2.3% | ||||||||
Boeing Co. (The) |
||||||||
2.95%, 02/01/30 (Call 11/01/29) |
360 | 288,439 | ||||||
5.15%, 05/01/30 (Call 02/01/30) |
2,325 | 2,149,416 | ||||||
General Dynamics Corp., 3.63%, 04/01/30 (Call 01/01/30) |
690 | 628,445 | ||||||
Lockheed Martin Corp., 1.85%, 06/15/30 (Call 03/15/30) |
205 | 163,894 | ||||||
Northrop Grumman Corp., 4.40%, 05/01/30 (Call 02/01/30) |
557 | 524,087 | ||||||
Raytheon Technologies Corp., 2.25%, 07/01/30 (Call 04/01/30)(a) |
590 | 475,841 | ||||||
|
|
|||||||
4,230,122 | ||||||||
Agriculture — 1.2% | ||||||||
Altria Group Inc., 3.40%, 05/06/30 (Call 02/06/30) |
470 | 381,875 | ||||||
Archer-Daniels-Midland Co., 3.25%, 03/27/30 (Call 12/27/29) |
651 | 574,690 | ||||||
BAT Capital Corp., 4.91%, 04/02/30 (Call 01/02/30) |
615 | 537,590 | ||||||
Philip Morris International Inc. |
||||||||
1.75%, 11/01/30 (Call 08/01/30)(a) |
459 | 337,121 | ||||||
2.10%, 05/01/30 (Call 02/01/30) |
512 | 390,861 | ||||||
|
|
|||||||
2,222,137 | ||||||||
Airlines — 0.2% | ||||||||
Southwest Airlines Co., 2.63%, 02/10/30 (Call 11/10/29) |
367 | 292,143 | ||||||
United Airlines Pass Through Trust, Series 2018-1, Class AA, 3.50%, 09/01/31 |
142 | 119,854 | ||||||
|
|
|||||||
411,997 | ||||||||
Apparel — 0.7% | ||||||||
NIKE Inc., 2.85%, 03/27/30 (Call 12/27/29) |
863 | 748,713 | ||||||
Ralph Lauren Corp., 2.95%, 06/15/30 (Call 03/15/30) |
283 | 236,520 | ||||||
VF Corp., 2.95%, 04/23/30 (Call 01/23/30)(a) |
285 | 230,252 | ||||||
|
|
|||||||
1,215,485 | ||||||||
Auto Manufacturers — 1.0% | ||||||||
Cummins
Inc., 1.50%, 09/01/30 (Call |
520 | 397,171 | ||||||
General Motors Financial Co. Inc., 3.60%, 06/21/30 (Call 03/21/30) |
690 | 564,765 | ||||||
Toyota Motor Credit Corp. |
||||||||
2.15%, 02/13/30 |
334 | 273,115 | ||||||
3.38%, 04/01/30 |
690 | 613,168 | ||||||
|
|
|||||||
1,848,219 | ||||||||
Auto Parts & Equipment — 0.3% | ||||||||
Lear Corp., 3.50%, 05/30/30 (Call 02/28/30) |
300 | 244,962 | ||||||
Magna International Inc., 2.45%, 06/15/30 (Call 03/15/30) |
451 | 361,206 | ||||||
|
|
|||||||
606,168 | ||||||||
Banks — 6.9% | ||||||||
Banco Santander SA |
||||||||
2.75%, 12/03/30 |
763 | 527,798 | ||||||
3.49%, 05/28/30 |
580 | 457,904 | ||||||
BankUnited Inc., 5.13%, 06/11/30 (Call 03/11/30) |
290 | 259,660 | ||||||
Citizens Financial Group Inc. |
||||||||
2.50%, 02/06/30 (Call 12/06/29) |
257 | 198,527 | ||||||
3.25%, 04/30/30 (Call 01/30/30) |
485 | 399,771 | ||||||
Discover
Bank, 2.70%, 02/06/30 (Call |
325 | 247,930 | ||||||
First Horizon Bank, 5.75%, 05/01/30 (Call 02/01/30) |
275 | 262,532 |
Security |
Par |
Value | ||||||
Banks (continued) |
||||||||
Goldman Sachs Group Inc. (The) |
||||||||
2.60%, 02/07/30 (Call 11/07/29) |
$ | 1,076 | $ | 855,678 | ||||
3.80%, 03/15/30 (Call 12/15/29) |
1,554 | 1,340,558 | ||||||
HSBC Holdings PLC, 4.95%, 03/31/30(a) |
1,275 | 1,142,540 | ||||||
Huntington Bancshares Inc./OH, 2.55%, 02/04/30 (Call 01/04/30) |
572 | 454,254 | ||||||
JPMorgan Chase & Co., 8.75%, 09/01/30 |
158 | 181,223 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
2.05%, 07/17/30 |
480 | 359,611 | ||||||
2.56%, 02/25/30 |
577 | 454,411 | ||||||
Northern Trust Corp., 1.95%, 05/01/30 (Call 02/01/30) |
565 | 441,581 | ||||||
PNC Financial Services Group Inc. (The), 2.55%, 01/22/30 (Call 10/24/29) |
1,352 | 1,097,419 | ||||||
State Street Corp., 2.40%, 01/24/30 |
591 | 482,493 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
2.13%, 07/08/30(a) |
670 | 502,895 | ||||||
2.14%, 09/23/30 |
593 | 434,212 | ||||||
2.75%, 01/15/30 |
584 | 466,820 | ||||||
SVB
Financial Group, 3.13%, 06/05/30 |
290 | 227,348 | ||||||
Truist Bank, 2.25%, 03/11/30 (Call 12/11/29) |
572 | 444,793 | ||||||
Truist Financial Corp., 1.95%, 06/05/30 (Call 03/05/30) |
351 | 270,670 | ||||||
U.S. Bancorp., 1.38%, 07/22/30 (Call 04/22/30) |
945 | 698,005 | ||||||
Westpac Banking Corp., 2.65%, 01/16/30 |
603 | 506,496 | ||||||
|
|
|||||||
12,715,129 | ||||||||
Beverages — 2.4% | ||||||||
Anheuser-Busch InBev Worldwide Inc., 3.50%, 06/01/30 (Call 03/01/30)(a) |
1,100 | 982,443 | ||||||
Coca-Cola Co. (The) |
||||||||
1.65%, 06/01/30 |
832 | 661,665 | ||||||
3.45%, 03/25/30 |
707 | 639,948 | ||||||
Coca-Cola Femsa SAB de CV, 2.75%, 01/22/30 (Call 10/22/29) |
162 | 136,551 | ||||||
Constellation Brands Inc., 2.88%, 05/01/30 (Call 02/01/30) |
287 | 237,358 | ||||||
Diageo
Capital PLC, 2.00%, 04/29/30 |
442 | 351,151 | ||||||
Keurig Dr Pepper Inc., 3.20%, 05/01/30 (Call 02/01/30) |
373 | 316,397 | ||||||
PepsiCo Inc. |
||||||||
1.63%, 05/01/30 (Call 02/01/30) |
485 | 386,031 | ||||||
2.75%, 03/19/30 (Call 12/19/29) |
817 | 706,942 | ||||||
|
|
|||||||
4,418,486 | ||||||||
Biotechnology — 1.5% | ||||||||
Amgen Inc., 2.45%, 02/21/30 (Call 11/21/29) |
690 | 568,677 | ||||||
Biogen Inc., 2.25%, 05/01/30 (Call 02/01/30) |
825 | 648,533 | ||||||
Gilead Sciences Inc., 1.65%, 10/01/30 (Call 07/01/30) |
670 | 515,733 | ||||||
Regeneron Pharmaceuticals Inc., 1.75%, 09/15/30 (Call 06/15/30) |
725 | 546,541 | ||||||
Royalty Pharma PLC, 2.20%, 09/02/30 (Call 06/02/30) |
698 | 529,028 | ||||||
|
|
|||||||
2,808,512 | ||||||||
Building Materials — 1.2% | ||||||||
Carrier Global Corp., 2.72%, 02/15/30 (Call 11/15/29) |
1,137 | 934,148 | ||||||
Johnson Controls International PLC/Tyco Fire & Security Finance SCA, 1.75%, 09/15/30 (Call 06/15/30)(a) |
225 | 172,834 | ||||||
Martin Marietta Materials Inc., Series CB, 2.50%, 03/15/30 (Call 12/15/29) |
305 | 242,454 | ||||||
Masco Corp., 2.00%, 10/01/30 (Call 07/01/30) |
236 | 175,633 | ||||||
Mohawk Industries Inc., 3.63%, 05/15/30 (Call 02/15/30)(a) |
35 | 28,755 | ||||||
Owens Corning, 3.88%, 06/01/30 (Call 03/01/30) |
265 | 227,860 | ||||||
Vulcan Materials Co., 3.50%, 06/01/30 (Call 03/01/30) |
445 | 378,909 | ||||||
|
|
|||||||
2,160,593 |
S C H E D U L E O F I N V E S T M E N T S |
81 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2030 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Chemicals — 1.6% |
||||||||
Air Products and Chemicals Inc., 2.05%, 05/15/30 (Call 02/15/30) |
$ | 638 | $ | 516,053 | ||||
Dow Chemical Co. (The), 2.10%, 11/15/30 (Call 08/15/30)(a) |
490 | 374,527 | ||||||
Ecolab Inc., 4.80%, 03/24/30 (Call 12/24/29)(a) |
359 | 348,129 | ||||||
EI du Pont de Nemours and Co., 2.30%, 07/15/30 (Call 04/15/30) |
283 | 228,503 | ||||||
Linde Inc./CT, 1.10%, 08/10/30 (Call 05/10/30) |
405 | 303,066 | ||||||
LYB International Finance III LLC |
||||||||
2.25%, 10/01/30 (Call 07/01/30)(a) |
255 | 194,891 | ||||||
3.38%, 05/01/30 (Call 02/01/30) |
125 | 102,533 | ||||||
Nutrien Ltd., 2.95%, 05/13/30 (Call 02/13/30)(a) |
355 | 293,507 | ||||||
PPG Industries Inc., 2.55%, 06/15/30 (Call 03/15/30) |
170 | 138,492 | ||||||
Sherwin-Williams Co. (The), 2.30%, 05/15/30 (Call 02/15/30) |
360 | 286,142 | ||||||
Westlake Corp., 3.38%, 06/15/30 (Call 03/15/30) |
294 | 244,355 | ||||||
|
|
|||||||
3,030,198 | ||||||||
Commercial Services — 1.9% | ||||||||
Automatic Data Processing Inc., 1.25%, 09/01/30 (Call 06/01/30) |
687 | 526,421 | ||||||
Block Financial LLC, 3.88%, 08/15/30 (Call 05/15/30)(a) |
470 | 394,095 | ||||||
Emory University, Series 2020, 2.14%, 09/01/30 (Call 06/01/30)(a) |
218 | 175,848 | ||||||
Equifax Inc., 3.10%, 05/15/30 (Call 02/15/30)(a) |
348 | 284,246 | ||||||
Global Payments Inc., 2.90%, 05/15/30 (Call 02/15/30) |
560 | 446,130 | ||||||
PayPal Holdings Inc., 2.30%, 06/01/30 (Call 03/01/30)(a) |
580 | 467,352 | ||||||
Quanta Services Inc., 2.90%, 10/01/30 (Call 07/01/30) |
565 | 446,231 | ||||||
RELX Capital Inc., 3.00%, 05/22/30 (Call 02/22/30) |
504 | 420,089 | ||||||
S&P Global Inc., 1.25%, 08/15/30 (Call 05/15/30) |
322 | 239,394 | ||||||
Yale University, Series 2020, 1.48%, 04/15/30 (Call 01/15/30) |
198 | 154,575 | ||||||
|
|
|||||||
3,554,381 | ||||||||
Computers — 2.0% | ||||||||
Amdocs Ltd., 2.54%, 06/15/30 (Call 03/15/30) |
390 | 305,374 | ||||||
Apple Inc. |
||||||||
1.25%, 08/20/30 (Call 05/20/30) |
638 | 489,812 | ||||||
1.65%, 05/11/30 (Call 02/11/30) |
922 | 737,987 | ||||||
Dell International LLC/EMC Corp., 6.20%, 07/15/30 (Call 04/15/30) |
493 | 483,396 | ||||||
HP Inc., 3.40%, 06/17/30 (Call 03/17/30) |
458 | 373,261 | ||||||
International Business Machines Corp., 1.95%, 05/15/30 (Call 02/15/30) |
590 | 464,301 | ||||||
Leidos Inc., 4.38%, 05/15/30 (Call 02/15/30) |
445 | 389,433 | ||||||
NetApp Inc., 2.70%, 06/22/30 (Call 03/22/30) |
465 | 373,739 | ||||||
Teledyne FLIR LLC, 2.50%, 08/01/30 (Call 05/01/30) |
208 | 162,654 | ||||||
|
|
|||||||
3,779,957 | ||||||||
Cosmetics & Personal Care — 1.0% | ||||||||
Estee Lauder Companies Inc. (The), 2.60%, 04/15/30 (Call 01/15/30)(a) |
370 | 310,101 | ||||||
Procter & Gamble Co. (The) |
||||||||
1.20%, 10/29/30 |
966 | 736,681 | ||||||
3.00%, 03/25/30 |
744 | 662,123 | ||||||
Unilever Capital Corp., 1.38%, 09/14/30 (Call 06/14/30) |
275 | 207,985 | ||||||
|
|
|||||||
1,916,890 | ||||||||
Diversified Financial Services — 3.4% | ||||||||
Affiliated Managers Group Inc., 3.30%, 06/15/30 (Call 03/15/30) |
325 | 264,475 | ||||||
Air Lease Corp. |
||||||||
3.00%, 02/01/30 (Call 11/01/29) |
370 | 288,027 | ||||||
3.13%, 12/01/30 (Call 09/01/30) |
385 | 299,141 | ||||||
Brookfield Finance Inc., 4.35%, 04/15/30 (Call 01/15/30) |
513 | 450,547 | ||||||
Cboe Global Markets Inc., 1.63%, 12/15/30 (Call 09/15/30) |
456 | 341,106 | ||||||
Charles Schwab Corp. (The), 4.63%, 03/22/30 (Call 12/22/29) |
302 | 287,145 |
Security |
Par |
Value | ||||||
Diversified Financial Services (continued) |
||||||||
Franklin Resources Inc., 1.60%, 10/30/30 (Call 07/30/30) |
$ | 469 | $ | 344,889 | ||||
Intercontinental Exchange Inc., 2.10%, 06/15/30 (Call 03/15/30) |
925 | 732,905 | ||||||
Jefferies Group LLC/Jefferies Group Capital Finance Inc., 4.15%, 01/23/30 |
632 | 536,378 | ||||||
Mastercard Inc., 3.35%, 03/26/30 (Call 12/26/29) |
860 | 773,192 | ||||||
Nomura Holdings Inc. |
||||||||
2.68%, 07/16/30 |
415 | 312,225 | ||||||
3.10%, 01/16/30 |
608 | 479,694 | ||||||
Raymond James Financial Inc., 4.65%, 04/01/30 (Call 01/01/30) |
426 | 396,674 | ||||||
Stifel Financial Corp., 4.00%, 05/15/30 (Call 02/15/30) |
345 | 293,585 | ||||||
Visa Inc., 2.05%, 04/15/30 (Call 01/15/30) |
683 | 564,199 | ||||||
|
|
|||||||
6,364,182 | ||||||||
Electric — 7.2% | ||||||||
AEP Texas Inc., Series I, 2.10%, 07/01/30 (Call 04/01/30) |
410 | 315,688 | ||||||
Alabama Power Co., Series 20-A, 1.45%, 09/15/30 (Call 06/15/30) |
376 | 283,579 | ||||||
Ameren Illinois Co., 1.55%, 11/15/30 (Call 08/15/30) |
155 | 117,645 | ||||||
American Electric Power Co. Inc., 2.30%, 03/01/30 (Call 12/01/29) |
232 | 183,099 | ||||||
Berkshire Hathaway Energy Co., 3.70%, 07/15/30 (Call 04/15/30) |
701 | 628,825 | ||||||
Black Hills Corp., 2.50%, 06/15/30 (Call 03/15/30) |
213 | 165,380 | ||||||
CenterPoint Energy Inc., 2.95%, 03/01/30 (Call 12/01/29) |
245 | 204,009 | ||||||
Commonwealth Edison Co., 2.20%, 03/01/30 (Call 12/01/29) |
265 | 216,243 | ||||||
Consolidated Edison Co. of New York Inc., Series 20A, 3.35%, 04/01/30 (Call 01/01/30) |
375 | 325,275 | ||||||
Dominion Energy Inc., Series C, 3.38%, 04/01/30 (Call 01/01/30)(a) |
964 | 826,987 | ||||||
DTE Electric Co., 2.25%, 03/01/30 (Call 12/01/29) |
423 | 344,749 | ||||||
DTE Energy Co., 2.95%, 03/01/30 (Call 12/01/29) |
215 | 179,005 | ||||||
Duke Energy Carolinas LLC, 2.45%, 02/01/30 (Call 11/01/29) |
345 | 285,563 | ||||||
Duke Energy Corp., 2.45%, 06/01/30 (Call 03/01/30) |
552 | 441,313 | ||||||
Duke Energy Florida LLC, 1.75%, 06/15/30 (Call 03/15/30) |
295 | 227,581 | ||||||
Duke Energy Ohio Inc., 2.13%, 06/01/30 (Call 03/01/30) |
250 | 197,345 | ||||||
Entergy Corp., 2.80%, 06/15/30 (Call 03/15/30) |
315 | 252,885 | ||||||
Entergy Louisiana LLC, 1.60%, 12/15/30 (Call 09/15/30) |
223 | 164,822 | ||||||
Evergy Metro Inc., Series 2020, 2.25%, 06/01/30 (Call 03/01/30)(a) |
207 | 165,819 | ||||||
Eversource Energy, Series R, 1.65%, 08/15/30 (Call 05/15/30) |
450 | 337,594 | ||||||
Exelon Corp., 4.05%, 04/15/30 (Call 01/15/30) |
535 | 481,794 | ||||||
Interstate Power & Light Co., 2.30%, 06/01/30 (Call 03/01/30) |
167 | 132,605 | ||||||
IPALCO Enterprises Inc., 4.25%, 05/01/30 (Call 02/01/30) |
375 | 323,543 | ||||||
National Rural Utilities Cooperative Finance Corp., 2.40%, 03/15/30 (Call 12/15/29) |
210 | 170,367 | ||||||
Nevada Power Co., Series DD, 2.40%, 05/01/30 (Call 02/01/30) |
218 | 176,791 | ||||||
NextEra Energy Capital Holdings Inc., 2.25%, 06/01/30 (Call 03/01/30) |
1,013 | 804,302 | ||||||
NSTAR Electric Co., 3.95%, 04/01/30 (Call 01/01/30) |
170 | 156,111 | ||||||
Ohio Power Co., Series P, 2.60%, 04/01/30 (Call 01/01/30) |
282 | 230,704 | ||||||
Oklahoma Gas & Electric Co. |
||||||||
3.25%, 04/01/30 (Call 10/01/29) |
220 | 188,197 | ||||||
3.30%, 03/15/30 (Call 09/15/29) |
109 | 93,579 | ||||||
Oncor Electric Delivery Co. LLC, 2.75%, 05/15/30 (Call 02/15/30)(a) |
363 | 305,947 | ||||||
Pacific Gas and Electric Co., 4.55%, 07/01/30 (Call 01/01/30) |
1,721 | 1,509,265 | ||||||
PacifiCorp, 2.70%, 09/15/30 (Call 06/15/30) |
182 | 149,795 | ||||||
PPL Capital Funding Inc., 4.13%, 04/15/30 (Call 01/15/30)(a) |
118 | 105,016 |
82 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2030 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Electric (continued) |
||||||||
Public Service Electric & Gas Co., 2.45%, 01/15/30 (Call 10/15/29) |
$ | 220 | $ | 183,324 | ||||
Public Service Enterprise Group Inc., 1.60%, 08/15/30 (Call 05/15/30)(a) |
207 | 153,942 | ||||||
Puget Energy Inc., 4.10%, 06/15/30 (Call 03/15/30) |
390 | 340,595 | ||||||
San Diego Gas & Electric Co., Series VVV, 1.70%, 10/01/30 (Call 07/01/30) |
547 | 418,378 | ||||||
Southern California Edison Co., 2.25%, 06/01/30 (Call 03/01/30) |
490 | 386,135 | ||||||
Southern Co. (The), Series A, 3.70%, 04/30/30 (Call 01/30/30) |
445 | 388,961 | ||||||
Tucson Electric Power Co., 1.50%, 08/01/30 (Call 05/01/30) |
190 | 141,413 | ||||||
Union Electric Co., 2.95%, 03/15/30 (Call 12/15/29) |
257 | 220,177 | ||||||
WEC Energy Group Inc., 1.80%, 10/15/30 (Call 07/15/30) |
222 | 167,976 | ||||||
Xcel Energy Inc., 3.40%, 06/01/30 (Call 12/01/29) |
329 | 283,512 | ||||||
|
|
|||||||
13,375,835 | ||||||||
Electrical Components & Equipment — 0.3% | ||||||||
Acuity Brands Lighting Inc., 2.15%, 12/15/30 (Call 09/15/30) |
310 | 228,352 | ||||||
Emerson Electric Co., 1.95%, 10/15/30 (Call 07/15/30) |
475 | 373,455 | ||||||
|
|
|||||||
601,807 | ||||||||
Electronics — 0.9% | ||||||||
Agilent Technologies Inc., 2.10%, 06/04/30 (Call 03/04/30) |
405 | 317,099 | ||||||
Amphenol Corp., 2.80%, 02/15/30 (Call 11/15/29) |
445 | 370,320 | ||||||
Flex Ltd., 4.88%, 05/12/30 (Call 02/12/30) |
420 | 371,347 | ||||||
Honeywell International Inc., 1.95%, 06/01/30 (Call 03/01/30) |
544 | 441,293 | ||||||
Jabil Inc., 3.60%, 01/15/30 (Call 10/15/29) |
270 | 226,052 | ||||||
|
|
|||||||
1,726,111 | ||||||||
Environmental Control — 0.3% | ||||||||
Republic Services Inc., 2.30%, 03/01/30 (Call 12/01/29) |
287 | 234,978 | ||||||
Waste Connections Inc., 2.60%, 02/01/30 (Call 11/01/29) |
341 | 283,112 | ||||||
|
|
|||||||
518,090 | ||||||||
Food — 2.7% | ||||||||
Campbell Soup Co., 2.38%, 04/24/30 (Call 01/24/30) |
200 | 160,194 | ||||||
Conagra Brands Inc., 8.25%, 09/15/30 |
220 | 243,894 | ||||||
General Mills Inc., 2.88%, 04/15/30 (Call 01/15/30) |
455 | 384,493 | ||||||
Hershey Co. (The), 1.70%, 06/01/30 (Call 03/01/30) |
225 | 175,759 | ||||||
Hormel Foods Corp., 1.80%, 06/11/30 (Call 03/11/30) |
453 | 360,185 | ||||||
Ingredion Inc., 2.90%, 06/01/30 (Call 03/01/30) |
298 | 243,359 | ||||||
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance Inc., 5.50%, 01/15/30
(Call |
750 | 684,847 | ||||||
JM Smucker Co. (The), 2.38%, 03/15/30 (Call 12/15/29) |
335 | 267,977 | ||||||
Kellogg Co., 2.10%, 06/01/30 (Call 03/01/30) |
262 | 206,545 | ||||||
Kraft Heinz Foods Co., 3.75%, 04/01/30 (Call 01/01/30)(a) |
570 | 505,869 | ||||||
Kroger Co. (The), 2.20%, 05/01/30 (Call 02/01/30) |
286 | 224,676 | ||||||
McCormick & Co. Inc./MD, 2.50%, 04/15/30 (Call 01/15/30) |
460 | 370,581 | ||||||
Mondelez International Inc., 2.75%, 04/13/30 (Call 01/13/30) |
447 | 371,676 | ||||||
Sysco Corp. |
||||||||
2.40%, 02/15/30 (Call 11/15/29) |
440 | 356,118 | ||||||
5.95%, 04/01/30 (Call 01/01/30)(a) |
490 | 499,829 | ||||||
|
|
|||||||
5,056,002 | ||||||||
Forest Products & Paper — 0.2% | ||||||||
Suzano Austria GmbH, 5.00%, 01/15/30 (Call 10/15/29) |
488 | 433,227 | ||||||
|
|
|||||||
Gas — 0.8% | ||||||||
CenterPoint Energy Resources Corp., 1.75%, 10/01/30 (Call 07/01/30) |
282 | 214,768 | ||||||
NiSource Inc., 3.60%, 05/01/30 (Call 02/01/30) |
595 | 513,170 | ||||||
ONE Gas Inc., 2.00%, 05/15/30 (Call 02/15/30) |
182 | 142,451 | ||||||
Southern California Gas Co., Series XX, 2.55%, 02/01/30 (Call 11/01/29) |
376 | 310,858 |
Security |
Par |
Value | ||||||
Gas (continued) |
||||||||
Southwest Gas Corp., 2.20%, 06/15/30 (Call 03/15/30) |
$ | 285 | $ | 212,610 | ||||
|
|
|||||||
1,393,857 | ||||||||
Hand & Machine Tools — 0.2% | ||||||||
Stanley Black & Decker Inc., 2.30%, 03/15/30 (Call 12/15/29) |
390 | 313,151 | ||||||
|
|
|||||||
Health Care - Products — 1.1% | ||||||||
Abbott Laboratories, 1.40%, 06/30/30 (Call 03/30/30) |
320 | 247,424 | ||||||
Baxter International Inc., 3.95%, 04/01/30 (Call 01/01/30)(a) |
222 | 197,231 | ||||||
Boston Scientific Corp., 2.65%, 06/01/30 (Call 03/01/30) |
501 | 414,162 | ||||||
DENTSPLY SIRONA Inc., 3.25%, 06/01/30 (Call 03/01/30) |
475 | 371,231 | ||||||
Smith & Nephew PLC, 2.03%, 10/14/30 (Call 07/14/30)(a) |
550 | 405,471 | ||||||
Stryker Corp., 1.95%, 06/15/30 (Call 03/15/30) |
462 | 362,906 | ||||||
|
|
|||||||
1,998,425 | ||||||||
Health Care - Services — 2.8% | ||||||||
Advocate Health & Hospitals Corp., Series 2020, 2.21%, 06/15/30 (Call 03/15/30) |
95 | 75,525 | ||||||
Banner Health, 2.34%, 01/01/30 (Call 10/01/29) |
345 | 281,996 | ||||||
Baylor Scott & White Holdings, Series 2021, 1.78%, 11/15/30 (Call 05/15/30) |
346 | 261,919 | ||||||
Bon Secours Mercy Health Inc., 3.46%, 06/01/30 (Call 12/01/29) |
240 | 209,822 | ||||||
Centene Corp. |
||||||||
3.00%, 10/15/30 (Call 07/15/30) |
466 | 374,161 | ||||||
3.38%, 02/15/30 (Call 02/15/25) |
227 | 188,490 | ||||||
CommonSpirit Health, 2.78%, 10/01/30 (Call 04/01/30) |
167 | 129,645 | ||||||
Elevance Health Inc., 2.25%, 05/15/30 (Call 02/15/30) |
527 | 423,755 | ||||||
HCA Inc., 3.50%, 09/01/30 (Call 03/01/30)(a) |
1,545 | 1,278,225 | ||||||
Humana Inc., 4.88%, 04/01/30 (Call 01/01/30)(a) |
301 | 286,067 | ||||||
Quest Diagnostics Inc., 2.95%, 06/30/30 (Call 03/30/30) |
545 | 455,484 | ||||||
Stanford Health Care, Series 2020, 3.31%, 08/15/30 (Call 05/15/30) |
112 | 95,941 | ||||||
Sutter Health, Series 20A, 2.29%, 08/15/30 (Call 02/15/30) |
180 | 141,613 | ||||||
UnitedHealth Group Inc., 2.00%, 05/15/30 |
730 | 585,971 | ||||||
Universal Health Services Inc., 2.65%, 10/15/30 (Call 07/15/30)(b) |
435 | 324,989 | ||||||
|
|
|||||||
5,113,603 | ||||||||
Home Builders — 0.3% | ||||||||
MDC Holdings Inc., 3.85%, 01/15/30 (Call 07/15/29) |
250 | 192,825 | ||||||
NVR Inc., 3.00%, 05/15/30 (Call 11/15/29) |
510 | 413,661 | ||||||
|
|
|||||||
606,486 | ||||||||
Household Products & Wares — 0.5% | ||||||||
Avery Dennison Corp., 2.65%, 04/30/30 (Call 01/30/30) |
340 | 269,457 | ||||||
Clorox Co. (The), 1.80%, 05/15/30 (Call 02/15/30) |
355 | 272,697 | ||||||
Kimberly-Clark Corp., 3.10%, 03/26/30 (Call 12/26/29) |
407 | 356,357 | ||||||
|
|
|||||||
898,511 | ||||||||
Insurance — 4.6% | ||||||||
ACE Capital Trust II, Series N, 9.70%, 04/01/30 |
55 | 68,557 | ||||||
Aflac Inc., 3.60%, 04/01/30 (Call 01/01/30) |
637 | 565,981 | ||||||
Alleghany Corp., 3.63%, 05/15/30 (Call 02/15/30) |
323 | 286,814 | ||||||
Allstate Corp. (The), 1.45%, 12/15/30 (Call 09/15/30)(a) |
304 | 223,403 | ||||||
American Financial Group Inc./OH, 5.25%, 04/02/30 (Call 01/02/30)(a) |
198 | 187,421 | ||||||
American International Group Inc., 3.40%, 06/30/30 (Call 03/30/30) |
273 | 234,848 | ||||||
Aon Corp., 2.80%, 05/15/30 (Call 02/15/30) |
473 | 388,182 | ||||||
Assurant Inc., 3.70%, 02/22/30 (Call 11/22/29) |
320 | 263,162 | ||||||
Athene Holding Ltd., 6.15%, 04/03/30 (Call 01/03/30)(a) |
295 | 285,935 | ||||||
AXA SA, 8.60%, 12/15/30 |
5 | 5,763 | ||||||
Berkshire Hathaway Finance Corp. |
||||||||
1.45%, 10/15/30 (Call 07/15/30)(a) |
308 | 236,150 |
S C H E D U L E O F I N V E S T M E N T S |
83 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2030 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Insurance (continued) |
||||||||
1.85%, 03/12/30 (Call 12/12/29) |
$ | 485 | $ | 388,267 | ||||
Brighthouse Financial Inc., 5.63%, 05/15/30 (Call 02/15/30)(a) |
425 | 395,424 | ||||||
Chubb INA Holdings Inc., 1.38%, 09/15/30 (Call 06/15/30)(a) |
400 | 297,860 | ||||||
CNA Financial Corp., 2.05%, 08/15/30 (Call 05/15/30) |
410 | 310,887 | ||||||
Fairfax Financial Holdings Ltd., 4.63%, 04/29/30 (Call 01/29/30) |
375 | 330,727 | ||||||
Fidelity National Financial Inc., 3.40%, 06/15/30 (Call 03/15/30) |
400 | 321,372 | ||||||
First American Financial Corp., 4.00%, 05/15/30 (Call 02/15/30) |
330 | 269,389 | ||||||
Globe Life Inc., 2.15%, 08/15/30 (Call 05/15/30) |
327 | 248,330 | ||||||
Hanover Insurance Group Inc. (The), 2.50%, 09/01/30 (Call 06/01/30) |
302 | 226,696 | ||||||
Kemper Corp., 2.40%, 09/30/30 (Call 06/30/30) |
235 | 178,443 | ||||||
Lincoln National Corp., 3.05%, 01/15/30 (Call 10/15/29) |
284 | 233,601 | ||||||
Loews Corp., 3.20%, 05/15/30 (Call 02/15/30) |
316 | 268,821 | ||||||
Marsh & McLennan Companies Inc., 2.25%, 11/15/30 (Call 08/15/30)(a) |
499 | 392,967 | ||||||
MetLife Inc., 4.55%, 03/23/30 (Call 12/23/29)(a) |
569 | 541,193 | ||||||
Principal Financial Group Inc., 2.13%, 06/15/30 (Call 03/12/30) |
299 | 231,883 | ||||||
Progressive Corp. (The), 3.20%, 03/26/30 (Call 12/26/29) |
245 | 211,910 | ||||||
Prudential Financial Inc., 2.10%, 03/10/30 (Call 12/10/29) |
302 | 239,435 | ||||||
Prudential PLC, 3.13%, 04/14/30 |
520 | 426,572 | ||||||
Reinsurance Group of America Inc., 3.15%, 06/15/30 (Call 03/15/30) |
415 | 341,516 | ||||||
|
|
|||||||
8,601,509 | ||||||||
Internet — 2.2% | ||||||||
Alphabet Inc., 1.10%, 08/15/30 (Call 05/15/30) |
1,002 | 770,077 | ||||||
Amazon.com Inc., 1.50%, 06/03/30 (Call 03/03/30) |
940 | 735,146 | ||||||
Baidu Inc., 3.43%, 04/07/30 (Call 01/07/30) |
240 | 192,569 | ||||||
Booking Holdings Inc., 4.63%, 04/13/30 (Call 01/13/30) |
898 | 846,859 | ||||||
eBay Inc., 2.70%, 03/11/30 (Call 12/11/29) |
592 | 481,799 | ||||||
Expedia Group Inc., 3.25%, 02/15/30 (Call 11/15/29)(a) |
592 | 477,489 | ||||||
JD.com Inc., 3.38%, 01/14/30 (Call 10/14/29)(a) |
120 | 95,104 | ||||||
Tencent Music Entertainment Group, 2.00%, 09/03/30 (Call 06/03/30) |
263 | 178,422 | ||||||
Weibo Corp., 3.38%, 07/08/30 (Call 04/08/30) |
400 | 276,056 | ||||||
|
|
|||||||
4,053,521 | ||||||||
Iron & Steel — 0.8% | ||||||||
Nucor Corp., 2.70%, 06/01/30 (Call 03/01/30) |
335 | 273,360 | ||||||
Reliance Steel & Aluminum Co., 2.15%, 08/15/30 (Call 05/15/30) |
260 | 196,243 | ||||||
Steel Dynamics Inc., 3.45%, 04/15/30 (Call 01/15/30) |
387 | 325,854 | ||||||
Vale Overseas Ltd., 3.75%, 07/08/30 (Call 04/08/30)(a) |
793 | 653,733 | ||||||
|
|
|||||||
1,449,190 | ||||||||
Lodging — 0.4% | ||||||||
Hyatt Hotels Corp., 6.00%, 04/23/30 (Call 01/23/30)(a) |
292 | 278,028 | ||||||
Marriott International Inc./MD, Series FF, 4.63%, 06/15/30 (Call 03/15/30) |
510 | 458,245 | ||||||
|
|
|||||||
736,273 | ||||||||
Machinery — 1.2% | ||||||||
Caterpillar Inc., 2.60%, 04/09/30 (Call 01/09/30) |
501 | 423,651 | ||||||
Deere & Co., 3.10%, 04/15/30 (Call 01/15/30) |
303 | 265,698 | ||||||
Flowserve Corp., 3.50%, 10/01/30 (Call 07/01/30)(a) |
260 | 207,589 | ||||||
IDEX Corp., 3.00%, 05/01/30 (Call 02/01/30) |
290 | 242,762 | ||||||
John Deere Capital Corp., 2.45%, 01/09/30 |
497 | 415,745 | ||||||
Oshkosh Corp., 3.10%, 03/01/30 (Call 12/01/29) |
260 | 207,966 | ||||||
Otis Worldwide Corp., 2.57%, 02/15/30 (Call 11/15/29) |
641 | 522,114 | ||||||
|
|
|||||||
2,285,525 |
Security |
Par |
Value | ||||||
Manufacturing — 0.5% |
||||||||
3M Co., 3.05%, 04/15/30 (Call 01/15/30)(a) |
$ | 312 | $ | 266,885 | ||||
Carlisle Companies Inc., 2.75%, 03/01/30 (Call 12/01/29) |
440 | 354,644 | ||||||
Textron Inc., 3.00%, 06/01/30 (Call 03/01/30) |
265 | 217,088 | ||||||
|
|
|||||||
838,617 | ||||||||
Media — 2.4% | ||||||||
Comcast Corp. |
||||||||
2.65%, 02/01/30 (Call 11/01/29) |
926 | 773,710 | ||||||
3.40%, 04/01/30 (Call 01/01/30)(a) |
959 | 844,054 | ||||||
4.25%, 10/15/30 (Call 07/15/30) |
779 | 716,127 | ||||||
Discovery Communications LLC, 3.63%, 05/15/30 (Call 02/15/30) |
595 | 480,653 | ||||||
Fox Corp., 3.50%, 04/08/30 (Call 01/08/30)(a) |
345 | 292,739 | ||||||
Paramount Global, 7.88%, 07/30/30 |
540 | 562,264 | ||||||
Walt Disney Co. (The), 3.80%, 03/22/30(a) |
928 | 846,225 | ||||||
|
|
|||||||
4,515,772 | ||||||||
Mining — 0.8% | ||||||||
AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30 (Call 07/01/30) |
250 | 192,242 | ||||||
Freeport-McMoRan Inc. |
||||||||
4.25%, 03/01/30 (Call 03/01/25)(a) |
353 | 308,554 | ||||||
4.63%, 08/01/30 (Call 08/01/25)(a) |
475 | 420,470 | ||||||
Newmont Corp., 2.25%, 10/01/30 (Call 07/01/30) |
547 | 422,623 | ||||||
Teck Resources Ltd., 3.90%, 07/15/30 (Call 04/15/30) |
110 | 93,521 | ||||||
|
|
|||||||
1,437,410 | ||||||||
Oil & Gas — 4.3% | ||||||||
BP Capital Markets America Inc. |
||||||||
1.75%, 08/10/30 (Call 05/10/30) |
495 | 383,754 | ||||||
3.63%, 04/06/30 (Call 01/06/30) |
702 | 628,332 | ||||||
Canadian Natural Resources Ltd., 2.95%, 07/15/30 (Call 04/15/30)(a) |
350 | 288,085 | ||||||
Chevron Corp., 2.24%, 05/11/30 (Call 02/11/30) |
851 | 706,585 | ||||||
Devon Energy Corp., 4.50%, 01/15/30 (Call 01/15/25) |
422 | 386,058 | ||||||
EOG Resources Inc., 4.38%, 04/15/30 (Call 01/15/30)(a) |
555 | 526,712 | ||||||
EQT Corp., 7.00%, 02/01/30 (Call 11/01/29)(a) |
375 | 384,716 | ||||||
Exxon Mobil Corp. |
||||||||
2.61%, 10/15/30 (Call 07/15/30) |
1,049 | 888,230 | ||||||
3.48%, 03/19/30 (Call 12/19/29)(a) |
1,060 | 962,893 | ||||||
HF Sinclair Corp., 4.50%, 10/01/30 (Call 07/01/30) |
202 | 171,015 | ||||||
Ovintiv Inc., 8.13%, 09/15/30 |
140 | 149,964 | ||||||
Phillips 66, 2.15%, 12/15/30 (Call 09/15/30) |
565 | 437,903 | ||||||
Pioneer Natural Resources Co., 1.90%, 08/15/30 (Call 05/15/30) |
345 | 265,854 | ||||||
Shell International Finance BV, 2.75%, 04/06/30 (Call 01/06/30)(a) |
970 | 830,582 | ||||||
Tosco Corp., 8.13%, 02/15/30 |
200 | 229,088 | ||||||
TotalEnergies Capital International SA, 2.83%, 01/10/30 (Call 10/10/29) |
730 | 627,012 | ||||||
|
|
|||||||
7,866,783 | ||||||||
Oil & Gas Services — 0.8% | ||||||||
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., 4.49%, 05/01/30 (Call 02/01/30) |
350 | 323,036 | ||||||
Halliburton
Co., 2.92%, 03/01/30 (Call |
664 | 557,627 | ||||||
Schlumberger Investment SA, 2.65%, 06/26/30 (Call 03/26/30) |
756 | 632,923 | ||||||
|
|
|||||||
1,513,586 | ||||||||
Packaging & Containers — 0.5% | ||||||||
Amcor Flexibles North America Inc., 2.63%, 06/19/30 (Call 03/19/30) |
325 | 253,009 | ||||||
Sonoco Products Co., 3.13%, 05/01/30 (Call 02/01/30) |
390 | 321,968 |
84 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2030 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Packaging & Containers (continued) |
||||||||
WestRock MWV LLC, 8.20%, 01/15/30 |
$ | 230 | $ | 252,715 | ||||
|
|
|||||||
827,692 | ||||||||
Pharmaceuticals — 4.8% | ||||||||
AmerisourceBergen Corp., 2.80%, 05/15/30 (Call 02/15/30) |
265 | 217,570 | ||||||
AstraZeneca PLC, 1.38%, 08/06/30 (Call 05/06/30) |
690 | 527,836 | ||||||
Becton Dickinson and Co., 2.82%, 05/20/30 (Call 02/20/30)(a) |
484 | 403,472 | ||||||
Bristol-Myers Squibb Co., 1.45%, 11/13/30 (Call 08/13/30) |
820 | 628,169 | ||||||
Cigna Corp., 2.40%, 03/15/30 (Call 12/15/29) |
837 | 680,749 | ||||||
CVS Health Corp. |
||||||||
1.75%, 08/21/30 (Call 05/21/30) |
745 | 567,057 | ||||||
3.75%, 04/01/30 (Call 01/01/30) |
940 | 829,973 | ||||||
Johnson &
Johnson, 1.30%, 09/01/30 |
919 | 727,269 | ||||||
Merck & Co. Inc., 1.45%, 06/24/30 (Call 03/24/30) |
887 | 688,773 | ||||||
Novartis Capital Corp., 2.20%, 08/14/30 (Call 05/14/30) |
675 | 558,900 | ||||||
Pfizer Inc. |
||||||||
1.70%, 05/28/30 (Call 02/28/30)(a) |
754 | 601,179 | ||||||
2.63%, 04/01/30 (Call 01/01/30) |
583 | 497,975 | ||||||
Takeda Pharmaceutical Co. Ltd., 2.05%, 03/31/30 (Call 12/31/29) |
1,162 | 917,562 | ||||||
Viatris Inc., 2.70%, 06/22/30 (Call 03/22/30)(a) |
913 | 683,682 | ||||||
Zoetis Inc., 2.00%, 05/15/30 (Call 02/15/30) |
425 | 334,998 | ||||||
|
|
|||||||
8,865,164 | ||||||||
Pipelines — 3.4% | ||||||||
DCP Midstream Operating LP, 8.13%, 08/16/30 |
190 | 203,448 | ||||||
Energy Transfer LP, 3.75%, 05/15/30 (Call 02/15/30)(a) |
950 | 807,852 | ||||||
Enterprise Products Operating LLC, 2.80%, 01/31/30 (Call 10/31/29) |
652 | 544,237 | ||||||
Magellan Midstream Partners LP, 3.25%, 06/01/30 (Call 03/01/30)(a) |
337 | 282,032 | ||||||
MPLX LP, 2.65%, 08/15/30 (Call 05/15/30) |
868 | 683,507 | ||||||
ONEOK Inc., 3.10%, 03/15/30 (Call 12/15/29)(a) |
526 | 425,571 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 3.80%, 09/15/30 (Call 06/15/30)(a) |
485 | 404,912 | ||||||
Sabine Pass Liquefaction LLC, 4.50%, 05/15/30 (Call 11/15/29)(a) |
970 | 884,669 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 5.50%, 03/01/30 (Call 03/01/25) |
525 | 484,134 | ||||||
TransCanada PipeLines Ltd., 4.10%, 04/15/30 (Call 01/15/30)(a) |
714 | 639,451 | ||||||
Transcontinental Gas Pipe Line Co. LLC, 3.25%, 05/15/30 (Call 02/15/30) |
420 | 353,858 | ||||||
Williams Companies Inc. (The), 3.50%, 11/15/30 (Call 08/15/30) |
631 | 533,214 | ||||||
|
|
|||||||
6,246,885 | ||||||||
Real Estate Investment Trusts — 6.7% | ||||||||
Agree LP, 2.90%, 10/01/30 (Call 07/01/30) |
265 | 208,348 | ||||||
Alexandria Real Estate Equities Inc. |
||||||||
4.70%, 07/01/30 (Call 04/01/30) |
260 | 239,392 | ||||||
4.90%, 12/15/30 (Call 09/15/30) |
429 | 400,862 | ||||||
American Tower Corp. |
||||||||
1.88%, 10/15/30 (Call 07/15/30) |
419 | 308,723 | ||||||
2.10%, 06/15/30 (Call 03/15/30)(a) |
493 | 374,705 | ||||||
2.90%, 01/15/30 (Call 10/15/29) |
528 | 430,209 | ||||||
AvalonBay Communities Inc., 2.30%, 03/01/30 (Call 12/01/29)(a) |
404 | 327,175 | ||||||
Boston Properties LP, 2.90%, 03/15/30 (Call 12/15/29) |
513 | 404,172 | ||||||
Brixmor Operating Partnership LP, 4.05%, 07/01/30 (Call 04/01/30) |
355 | 295,470 | ||||||
Camden Property Trust, 2.80%, 05/15/30 (Call 02/15/30) |
374 | 308,000 | ||||||
Crown Castle Inc., 3.30%, 07/01/30 (Call 04/01/30) |
580 | 484,532 | ||||||
CubeSmart LP, 3.00%, 02/15/30 (Call 11/15/29) |
202 | 163,157 |
Security |
Par |
Value | ||||||
Real Estate Investment Trusts (continued) |
||||||||
Equinix Inc., 2.15%, 07/15/30 (Call 04/15/30)(a) |
$ | 552 | $ | 420,663 | ||||
ERP Operating LP, 2.50%, 02/15/30 (Call 11/15/29) |
403 | 324,625 | ||||||
Essex Portfolio LP, 3.00%, 01/15/30 (Call 10/15/29) |
230 | 187,156 | ||||||
Federal Realty Investment Trust, 3.50%, 06/01/30 (Call 03/01/30)(a) |
213 | 177,774 | ||||||
GLP Capital LP/GLP Financing II Inc., 4.00%, 01/15/30 (Call 10/17/29) |
506 | 417,177 | ||||||
Healthcare Realty Holdings LP, 2.40%, 03/15/30 (Call 12/15/29) |
122 | 91,805 | ||||||
Healthcare Trust of America Holdings LP, 3.10%, 02/15/30 (Call 11/15/29) |
306 | 246,514 | ||||||
Healthpeak Properties Inc., 3.00%, 01/15/30 (Call 10/15/29)(a) |
441 | 363,962 | ||||||
Highwoods Realty LP, 3.05%, 02/15/30 (Call 11/15/29) |
355 | 274,958 | ||||||
Host Hotels & Resorts LP, Series I, 3.50%, 09/15/30 (Call 06/15/30) |
363 | 285,619 | ||||||
Hudson Pacific Properties LP, 3.25%, 01/15/30 (Call 10/15/29) |
342 | 262,133 | ||||||
Kilroy Realty LP, 3.05%, 02/15/30 (Call 11/15/29) |
285 | 222,531 | ||||||
Kimco Realty Corp., 2.70%, 10/01/30 (Call 07/01/30) |
248 | 195,312 | ||||||
Kite Realty Group Trust, 4.75%, 09/15/30 (Call 06/15/30) |
270 | 230,059 | ||||||
Life Storage LP, 2.20%, 10/15/30 (Call 07/15/30) |
255 | 190,745 | ||||||
LXP Industrial Trust, 2.70%, 09/15/30 (Call 06/15/30)(a) |
315 | 241,391 | ||||||
Mid-America Apartments LP, 2.75%, 03/15/30 (Call 12/15/29) |
195 | 160,327 | ||||||
National Retail Properties Inc., 2.50%, 04/15/30 (Call 01/15/30) |
188 | 148,306 | ||||||
Piedmont Operating Partnership LP, 3.15%, 08/15/30 (Call 05/15/30) |
273 | 206,150 | ||||||
Prologis LP |
||||||||
1.25%, 10/15/30 (Call 07/15/30) |
400 | 293,288 | ||||||
1.75%, 07/01/30 (Call 04/01/30) |
229 | 175,439 | ||||||
2.25%, 04/15/30 (Call 01/15/30) |
458 | 368,663 | ||||||
Regency Centers LP, 3.70%, 06/15/30 (Call 03/15/30) |
255 | 215,031 | ||||||
Rexford Industrial Realty LP, 2.13%, 12/01/30 (Call 09/01/30) |
208 | 155,734 | ||||||
Simon Property Group LP, 2.65%, 07/15/30 (Call 04/15/30)(a) |
536 | 425,000 | ||||||
Spirit Realty LP, 3.40%, 01/15/30 (Call 10/15/29) |
385 | 307,742 | ||||||
STORE Capital Corp., 2.75%, 11/18/30 (Call 08/18/30) |
205 | 170,150 | ||||||
UDR Inc., 3.20%, 01/15/30 (Call 10/15/29) |
277 | 228,929 | ||||||
Ventas Realty LP |
||||||||
3.00%, 01/15/30 (Call 10/15/29) |
230 | 187,917 | ||||||
4.75%, 11/15/30 (Call 08/15/30)(a) |
303 | 273,167 | ||||||
VICI Properties LP, 4.95%, 02/15/30 (Call 12/15/29)(a) |
290 | 260,733 | ||||||
Welltower Inc., 3.10%, 01/15/30 (Call 10/15/29) |
287 | 234,689 | ||||||
Weyerhaeuser Co., 4.00%, 04/15/30 (Call 01/15/30) |
521 | 454,968 | ||||||
|
|
|||||||
12,343,402 | ||||||||
Retail — 4.7% | ||||||||
Advance Auto Parts Inc., 3.90%, 04/15/30 (Call 01/15/30)(a) |
404 | 342,281 | ||||||
AutoNation Inc., 4.75%, 06/01/30 (Call 03/01/30) |
398 | 343,542 | ||||||
AutoZone Inc., 4.00%, 04/15/30 (Call 01/15/30)(a) |
388 | 348,870 | ||||||
Best Buy Co. Inc., 1.95%, 10/01/30 (Call 07/01/30)(a) |
475 | 353,965 | ||||||
Costco Wholesale Corp., 1.60%, 04/20/30 (Call 01/20/30) |
909 | 725,246 | ||||||
Dollar General Corp., 3.50%, 04/03/30 (Call 01/03/30)(a) |
659 | 575,814 | ||||||
Genuine Parts Co., 1.88%, 11/01/30 (Call 08/01/30) |
380 | 281,683 | ||||||
Home Depot Inc. (The), 2.70%, 04/15/30 (Call 01/15/30) |
876 | 744,670 | ||||||
Lowe’s Companies Inc. |
||||||||
1.70%, 10/15/30 (Call 07/15/30)(a) |
485 | 365,258 | ||||||
4.50%, 04/15/30 (Call 01/15/30) |
603 | 562,225 | ||||||
McDonald’s Corp. |
||||||||
2.13%, 03/01/30 (Call 12/01/29) |
499 | 406,401 | ||||||
3.60%, 07/01/30 (Call 04/01/30) |
591 | 530,145 | ||||||
O’Reilly Automotive Inc., 4.20%, 04/01/30 (Call 01/01/30) |
375 | 341,831 |
S C H E D U L E O F I N V E S T M E N T S |
85 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2030 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Retail (continued) |
||||||||
Starbucks Corp. |
||||||||
2.25%, 03/12/30 (Call 12/12/29) |
$ | 566 | $ | 458,449 | ||||
2.55%, 11/15/30 (Call 08/15/30) |
710 | 579,821 | ||||||
Target Corp. |
||||||||
2.35%, 02/15/30 (Call 11/15/29) |
431 | 356,489 | ||||||
2.65%, 09/15/30 (Call 06/15/30) |
417 | 349,204 | ||||||
TJX Companies Inc. (The), 3.88%, 04/15/30 (Call 01/15/30) |
383 | 348,373 | ||||||
Tractor Supply Co., 1.75%, 11/01/30 (Call 08/01/30) |
447 | 332,309 | ||||||
Walgreens Boots Alliance Inc., 3.20%, 04/15/30 (Call 01/15/30)(a) |
175 | 146,680 | ||||||
Walmart Inc., 7.55%, 02/15/30(a) |
215 | 249,574 | ||||||
|
|
|||||||
8,742,830 | ||||||||
Semiconductors — 3.2% | ||||||||
Applied Materials Inc., 1.75%, 06/01/30 (Call 03/01/30) |
377 | 297,781 | ||||||
Broadcom Inc. |
||||||||
4.15%, 11/15/30 (Call 08/15/30) |
1,060 | 911,918 | ||||||
5.00%, 04/15/30 (Call 01/15/30) |
460 | 423,940 | ||||||
Intel Corp., 3.90%, 03/25/30 (Call 12/25/29) |
868 | 786,252 | ||||||
Lam Research Corp., 1.90%, 06/15/30 (Call 03/15/30) |
522 | 409,692 | ||||||
Micron Technology Inc., 4.66%, 02/15/30 (Call 11/15/29) |
502 | 447,699 | ||||||
NVIDIA Corp., 2.85%, 04/01/30 (Call 01/01/30) |
764 | 650,836 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 3.40%, 05/01/30 (Call 02/01/30) |
662 | 548,977 | ||||||
QUALCOMM Inc., 2.15%, 05/20/30 (Call 02/20/30)(a) |
847 | 695,209 | ||||||
Texas Instruments Inc., 1.75%, 05/04/30 (Call 02/04/30) |
473 | 376,494 | ||||||
Xilinx Inc., 2.38%, 06/01/30 (Call 03/01/30) |
500 | 407,680 | ||||||
|
|
|||||||
5,956,478 | ||||||||
Shipbuilding — 0.2% | ||||||||
Huntington Ingalls Industries Inc., 4.20%, 05/01/30 (Call 02/01/30) |
395 | 348,659 | ||||||
|
|
|||||||
Software — 2.8% | ||||||||
Activision Blizzard Inc., 1.35%, 09/15/30 (Call 06/15/30) |
494 | 375,114 | ||||||
Adobe Inc., 2.30%, 02/01/30 (Call 11/01/29) |
808 | 671,391 | ||||||
Autodesk Inc., 2.85%, 01/15/30 (Call 10/15/29) |
397 | 331,281 | ||||||
Fiserv Inc., 2.65%, 06/01/30 (Call 03/01/30) |
455 | 368,627 | ||||||
Intuit Inc., 1.65%, 07/15/30 (Call 04/15/30) |
490 | 378,765 | ||||||
Oracle Corp. |
||||||||
2.95%, 04/01/30 (Call 01/01/30) |
1,658 | 1,350,458 | ||||||
3.25%, 05/15/30 (Call 02/15/30) |
348 | 288,308 | ||||||
Roper Technologies Inc., 2.00%, 06/30/30 (Call 03/30/30)(a) |
505 | 383,244 | ||||||
ServiceNow Inc., 1.40%, 09/01/30 (Call 06/01/30) |
760 | 559,869 | ||||||
VMware Inc., 4.70%, 05/15/30 (Call 02/15/30) |
536 | 480,176 | ||||||
|
|
|||||||
5,187,233 | ||||||||
Telecommunications — 7.1% | ||||||||
America Movil SAB de CV, 2.88%, 05/07/30 (Call 02/07/30) |
359 | 296,039 | ||||||
AT&T Inc., 4.30%, 02/15/30 (Call 11/15/29) |
1,860 | 1,697,864 | ||||||
British Telecommunications PLC, 9.63%, 12/15/30 |
1,200 | 1,368,792 | ||||||
Deutsche Telekom International Finance BV, 8.75%, 06/15/30 |
1,868 | 2,139,701 | ||||||
Juniper Networks Inc., 2.00%, 12/10/30 (Call 09/10/30) |
305 | 220,939 | ||||||
Koninklijke KPN NV, 8.38%, 10/01/30 |
392 | 427,719 |
Security | Par/ Shares (000) |
Value | ||||||
Telecommunications (continued) |
||||||||
Motorola Solutions Inc., 2.30%, 11/15/30 (Call 08/15/30) |
$ | 503 | $ | 376,274 | ||||
Telefonica Europe BV, 8.25%, 09/15/30 |
815 | 884,291 | ||||||
T-Mobile USA Inc., 3.88%, 04/15/30 (Call 01/15/30)(a) |
3,457 | 3,058,961 | ||||||
Verizon Communications Inc. |
||||||||
1.50%, 09/18/30 (Call 06/18/30) |
656 | 487,414 | ||||||
1.68%, 10/30/30 (Call 07/30/30) |
699 | 520,273 | ||||||
3.15%, 03/22/30 (Call 12/22/29) |
956 | 810,325 | ||||||
7.75%, 12/01/30 |
225 | 250,825 | ||||||
Vodafone Group PLC, 7.88%, 02/15/30 |
510 | 553,646 | ||||||
|
|
|||||||
13,093,063 | ||||||||
Transportation — 0.9% | ||||||||
Canadian Pacific Railway Co., 2.05%, 03/05/30 (Call 12/05/29) |
324 | 256,958 | ||||||
CSX Corp., 2.40%, 02/15/30 (Call 11/15/29)(a) |
311 | 254,924 | ||||||
FedEx Corp., 4.25%, 05/15/30 (Call 02/15/30) |
397 | 358,098 | ||||||
Union Pacific Corp., 2.40%, 02/05/30 (Call 11/05/29) |
486 | 404,308 | ||||||
United Parcel Service Inc., 4.45%, 04/01/30 (Call 01/01/30)(a) |
378 | 363,258 | ||||||
|
|
|||||||
1,637,546 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 4.00%, 06/30/30 (Call 03/30/30) |
258 | 222,455 | ||||||
|
|
|||||||
Water — 0.2% | ||||||||
American Water Capital Corp., 2.80%, 05/01/30 (Call 02/01/30) |
285 | 238,440 | ||||||
Essential Utilities Inc., 2.70%, 04/15/30 (Call 01/15/30) |
263 | 213,477 | ||||||
|
|
|||||||
451,917 | ||||||||
|
|
|||||||
Total
Long-Term Investments — 98.1% |
181,585,306 | |||||||
|
|
|||||||
Short-Term Securities |
||||||||
Money Market Funds — 12.8% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(c)(d)(e) |
22,179 | 22,175,064 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(c)(d) |
1,560 | 1,560,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 12.8% |
23,735,064 | |||||||
|
|
|||||||
Total
Investments — 110.9% |
205,320,370 | |||||||
Liabilities in Excess of Other Assets — (10.9)% |
|
(20,133,081 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 185,187,289 | ||||||
|
|
(a) |
All or a portion of this security is on loan. |
(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) |
Affiliate of the Fund. |
(d) |
Annualized 7-day yield as of period end. |
(e) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
86 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2030 Term Corporate ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 12,833,695 | $ | 9,353,841 | (a) | $ | — | $ | (10,076 | ) | $ | (2,396 | ) | $ | 22,175,064 | 22,179 | $ | 28,391 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
180,000 | 1,380,000 | (a) | — | — | — | 1,560,000 | 1,560 | 9,119 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (10,076 | ) | $ | (2,396 | ) | $ | 23,735,064 | $ | 37,510 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 181,585,306 | $ | — | $ | 181,585,306 | ||||||||
Money Market Funds |
23,735,064 | — | — | 23,735,064 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 23,735,064 | $ | 181,585,306 | $ | — | $ | 205,320,370 | |||||||||
|
|
|
|
|
|
|
|
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 |
87 |
Schedule of Investments October 31, 2022 |
iShares® iBonds® Dec 2031 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Advertising — 0.3% | ||||||||
Interpublic Group of Companies Inc. (The), 2.40%, 03/01/31 (Call 12/01/30) |
$ | 164 | $ | 123,389 | ||||
Omnicom Group Inc., 2.60%, 08/01/31 (Call 05/01/31)(a) |
299 | 234,299 | ||||||
|
|
|||||||
357,688 | ||||||||
Aerospace & Defense — 1.7% | ||||||||
Boeing Co. (The), 3.63%, 02/01/31 (Call 11/01/30) |
730 | 607,382 | ||||||
General Dynamics Corp., 2.25%, 06/01/31 (Call 03/01/31)(a) |
202 | 164,404 | ||||||
L3Harris Technologies Inc., 1.80%, 01/15/31 (Call 10/15/30) |
286 | 213,782 | ||||||
Raytheon Technologies Corp., 1.90%, 09/01/31 (Call 06/01/31) |
513 | 389,588 | ||||||
Teledyne Technologies Inc., 2.75%, 04/01/31 (Call 01/01/31) |
487 | 381,092 | ||||||
|
|
|||||||
1,756,248 | ||||||||
Agriculture — 0.8% | ||||||||
BAT Capital Corp., 2.73%, 03/25/31 (Call 12/25/30) |
615 | 449,971 | ||||||
Bunge Ltd. Finance Corp., 2.75%, 05/14/31 (Call 02/14/31)(a) |
516 | 405,741 | ||||||
|
|
|||||||
855,712 | ||||||||
Airlines — 0.2% | ||||||||
United Airlines Pass Through Trust, Series 2019, Class AA, 4.15%, 08/25/31 |
278 | 245,356 | ||||||
|
|
|||||||
Auto Manufacturers — 2.3% | ||||||||
American Honda Finance Corp., 1.80%, 01/13/31(a) |
240 | 183,876 | ||||||
General Motors Financial Co. Inc. |
||||||||
2.35%, 01/08/31 (Call 10/08/30) |
540 | 396,106 | ||||||
2.70%, 06/10/31 (Call 03/10/31) |
498 | 370,662 | ||||||
Mercedes-Benz Finance North America LLC, 8.50%, 01/18/31 |
764 | 890,977 | ||||||
Toyota Motor Corp., 2.36%, 03/25/31 (Call 12/25/30)(a) |
152 | 123,953 | ||||||
Toyota Motor Credit Corp. |
||||||||
1.65%, 01/10/31 |
295 | 224,734 | ||||||
1.90%, 09/12/31 |
303 | 231,213 | ||||||
|
|
|||||||
2,421,521 | ||||||||
Banks — 3.5% | ||||||||
Banco Santander SA, 2.96%, 03/25/31 |
385 | 285,416 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
1.65%, 01/28/31 (Call 10/28/30) |
235 | 176,102 | ||||||
1.80%, 07/28/31 (Call 04/28/31)(a) |
270 | 201,077 | ||||||
Bank of Nova Scotia (The), 2.15%, 08/01/31 |
330 | 245,444 | ||||||
Mizuho Financial Group Inc., 2.56%, 09/13/31 |
485 | 349,035 | ||||||
Royal Bank of Canada, 2.30%, 11/03/31 |
740 | 562,392 | ||||||
State Street Corp., 2.20%, 03/03/31 |
410 | 315,491 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
1.71%, 01/12/31 |
315 | 224,576 | ||||||
2.22%, 09/17/31(a) |
460 | 337,019 | ||||||
SVB Financial Group, 1.80%, 02/02/31 (Call 11/02/30) |
290 | 199,201 | ||||||
Toronto-Dominion Bank (The), 2.00%, 09/10/31 |
425 | 314,551 | ||||||
Westpac Banking Corp., 2.15%, 06/03/31(a) |
511 | 403,072 | ||||||
|
|
|||||||
3,613,376 | ||||||||
Beverages — 2.5% | ||||||||
Anheuser-Busch InBev Worldwide Inc., 4.90%, 01/23/31 (Call 10/23/30)(a) |
399 | 391,607 | ||||||
Coca-Cola Co. (The) |
||||||||
1.38%, 03/15/31 |
679 | 516,997 | ||||||
2.00%, 03/05/31 |
332 | 266,991 | ||||||
Constellation Brands Inc., 2.25%, 08/01/31 (Call 05/01/31)(a) |
492 | 377,497 | ||||||
Keurig Dr Pepper Inc., 2.25%, 03/15/31 (Call 12/15/30) |
250 | 193,155 |
Security |
Par |
Value | ||||||
Beverages (continued) |
||||||||
PepsiCo Inc. |
||||||||
1.40%, 02/25/31 (Call 11/25/30) |
$ | 390 | $ | 299,883 | ||||
1.95%, 10/21/31 (Call 07/21/31) |
640 | 507,014 | ||||||
|
|
|||||||
2,553,144 | ||||||||
Biotechnology — 0.9% | ||||||||
Amgen Inc., 2.30%, 02/25/31 (Call 11/25/30) |
640 | 511,219 | ||||||
Illumina Inc., 2.55%, 03/23/31 (Call 12/23/30) |
278 | 212,701 | ||||||
Royalty Pharma PLC, 2.15%, 09/02/31 (Call 06/02/31) |
255 | 186,305 | ||||||
|
|
|||||||
910,225 | ||||||||
Building Materials — 1.2% | ||||||||
Carrier Global Corp., 2.70%, 02/15/31 (Call 11/15/30) |
358 | 286,515 | ||||||
Eagle Materials Inc., 2.50%, 07/01/31 (Call 04/01/31) |
373 | 274,065 | ||||||
Johnson Controls International PLC/Tyco Fire & Security Finance SCA, 2.00%, 09/16/31 (Call 06/16/31) |
220 | 165,260 | ||||||
Martin Marietta Materials Inc., 2.40%, 07/15/31 (Call 04/15/31) |
430 | 330,571 | ||||||
Masco Corp., 2.00%, 02/15/31 (Call 11/15/30)(a) |
265 | 195,824 | ||||||
|
|
|||||||
1,252,235 | ||||||||
Chemicals — 0.5% | ||||||||
Ecolab Inc., 1.30%, 01/30/31 (Call 10/30/30) |
269 | 200,607 | ||||||
Huntsman International LLC, 2.95%, 06/15/31 (Call 03/15/31) |
180 | 134,464 | ||||||
NewMarket Corp., 2.70%, 03/18/31 (Call 12/18/30) |
172 | 129,254 | ||||||
|
|
|||||||
464,325 | ||||||||
Commercial Services — 1.0% | ||||||||
Equifax Inc., 2.35%, 09/15/31 (Call 06/15/31) |
517 | 383,123 | ||||||
Global Payments Inc., 2.90%, 11/15/31 (Call 08/15/31) |
368 | 281,413 | ||||||
GXO Logistics Inc., 2.65%, 07/15/31 (Call 04/15/31) |
240 | 171,526 | ||||||
Moody’s
Corp., 2.00%, 08/19/31 (Call |
283 | 214,415 | ||||||
|
|
|||||||
1,050,477 | ||||||||
Computers — 2.6% | ||||||||
Apple Inc. |
||||||||
1.65%, 02/08/31 (Call 11/08/30) |
1,334 | 1,046,536 | ||||||
1.70%, 08/05/31 (Call 05/05/31) |
528 | 410,325 | ||||||
CGI Inc., 2.30%, 09/14/31 (Call 06/14/31) |
190 | 139,589 | ||||||
Fortinet Inc., 2.20%, 03/15/31 (Call 12/15/30) |
252 | 189,940 | ||||||
HP Inc., 2.65%, 06/17/31 (Call 03/17/31) |
480 | 353,098 | ||||||
Kyndryl Holdings Inc., 3.15%, 10/15/31 (Call 07/15/31) |
324 | 201,609 | ||||||
Leidos Inc., 2.30%, 02/15/31 (Call 11/15/30) |
470 | 346,056 | ||||||
|
|
|||||||
2,687,153 | ||||||||
Cosmetics & Personal Care — 1.0% | ||||||||
Estee Lauder Companies Inc. (The), 1.95%, 03/15/31 (Call 12/15/30) |
300 | 235,200 | ||||||
Procter & Gamble Co. (The), 1.95%, 04/23/31 |
537 | 432,720 | ||||||
Unilever Capital Corp., 1.75%, 08/12/31 (Call 05/12/31) |
430 | 327,561 | ||||||
|
|
|||||||
995,481 | ||||||||
Diversified Financial Services — 4.9% | ||||||||
Ally Financial Inc. |
||||||||
8.00%, 11/01/31 |
1,064 | 1,092,228 | ||||||
8.00%, 11/01/31(a) |
320 | 325,254 | ||||||
Brookfield Finance Inc., 2.72%, 04/15/31 (Call 01/15/31) |
265 | 205,102 | ||||||
Charles Schwab Corp. (The) |
||||||||
1.65%, 03/11/31 (Call 12/11/30) |
492 | 365,841 | ||||||
1.95%, 12/01/31 (Call 09/01/31) |
510 | 382,423 | ||||||
2.30%, 05/13/31 (Call 02/13/31) |
340 | 266,601 | ||||||
Jefferies Group LLC/Jefferies Group Capital Finance Inc., 2.63%, 10/15/31 (Call 07/15/31) |
520 | 369,054 | ||||||
Mastercard Inc. |
||||||||
1.90%, 03/15/31 (Call 12/15/30)(a) |
262 | 207,769 | ||||||
2.00%, 11/18/31 (Call 08/18/31) |
334 | 262,561 |
88 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2031 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Diversified Financial Services (continued) |
||||||||
Nasdaq Inc., 1.65%, 01/15/31 (Call 10/15/30) |
$ | 265 | $ | 195,438 | ||||
Nomura Holdings Inc., 2.61%, 07/14/31 |
560 | 407,221 | ||||||
ORIX Corp., 2.25%, 03/09/31(a) |
282 | 213,429 | ||||||
Synchrony Financial, 2.88%, 10/28/31 (Call 07/28/31)(a) |
327 | 231,202 | ||||||
Visa Inc., 1.10%, 02/15/31 (Call 11/15/30) |
502 | 374,773 | ||||||
Western Union Co. (The), 2.75%, 03/15/31 (Call 12/15/30) |
154 | 112,816 | ||||||
|
|
|||||||
5,011,712 | ||||||||
Electric — 9.3% | ||||||||
AES Corp. (The), 2.45%, 01/15/31 (Call 10/15/30) |
475 | 358,763 | ||||||
Ameren Corp., 3.50%, 01/15/31 (Call 10/15/30) |
370 | 314,519 | ||||||
Appalachian Power Co., Series AA, 2.70%, 04/01/31 (Call 01/01/31) |
223 | 176,794 | ||||||
Arizona Public Service Co., 2.20%, 12/15/31 (Call 09/15/31) |
195 | 143,637 | ||||||
Atlantic City Electric Co., 2.30%, 03/15/31 (Call 12/15/30) |
195 | 154,953 | ||||||
Baltimore Gas & Electric Co., 2.25%, 06/15/31 (Call 03/15/31) |
305 | 240,489 | ||||||
Berkshire Hathaway Energy Co., 1.65%, 05/15/31 (Call 02/15/31) |
245 | 183,456 | ||||||
CenterPoint Energy Houston Electric LLC, Series AE, 2.35%, 04/01/31 (Call 01/01/31) |
260 | 208,437 | ||||||
CenterPoint Energy Inc., 2.65%, 06/01/31 (Call 03/01/31) |
195 | 154,658 | ||||||
Connecticut Light & Power Co. (The), Series A, 2.05%, 07/01/31 (Call 04/01/31)(a) |
154 | 120,363 | ||||||
Consolidated Edison Co. of New York Inc., 2.40%, 06/15/31 (Call 03/15/31) |
423 | 333,887 | ||||||
Dominion Energy Inc., Series C, 2.25%, 08/15/31 (Call 05/15/31)(a) |
505 | 389,916 | ||||||
Dominion Energy South Carolina Inc., Series A, 2.30%, 12/01/31 (Call 09/01/31) |
76 | 59,336 | ||||||
DTE Electric Co., Series C, 2.63%, 03/01/31 (Call 12/01/30) |
274 | 224,754 | ||||||
Duke Energy Carolinas LLC, 2.55%, 04/15/31 (Call 01/15/31) |
275 | 223,317 | ||||||
Duke Energy Corp., 2.55%, 06/15/31 (Call 03/15/31) |
514 | 402,626 | ||||||
Duke Energy Florida LLC, 2.40%, 12/15/31 (Call 09/15/31) |
335 | 263,092 | ||||||
Duke Energy Progress LLC, 2.00%, 08/15/31 (Call 05/15/31) |
310 | 236,620 | ||||||
Emera U.S. Finance LP, 2.64%, 06/15/31 (Call 03/15/31) |
210 | 161,177 | ||||||
Entergy Corp., 2.40%, 06/15/31 (Call 03/05/31) |
260 | 197,293 | ||||||
Entergy Louisiana LLC, 3.05%, 06/01/31 (Call 03/01/31) |
220 | 182,083 | ||||||
Entergy Texas Inc., 1.75%, 03/15/31 (Call 12/15/30) |
280 | 208,835 | ||||||
Eversource Energy, 2.55%, 03/15/31 (Call 12/15/30)(a) |
196 | 155,061 | ||||||
National Rural Utilities Cooperative Finance Corp. |
||||||||
1.35%, 03/15/31 (Call 12/15/30) |
154 | 110,951 | ||||||
1.65%, 06/15/31 (Call 03/15/31) |
205 | 151,087 | ||||||
Northern States Power Co./MN, 2.25%, 04/01/31 |
90 | 72,528 | ||||||
NSTAR Electric Co., 1.95%, 08/15/31 (Call 05/15/31) |
155 | 119,153 | ||||||
Ohio Power Co., Series Q, 1.63%, 01/15/31 (Call 10/15/30) |
290 | 215,528 | ||||||
Pacific Gas and Electric Co. |
||||||||
2.50%, 02/01/31 (Call 11/01/30)(a) |
790 | 589,774 | ||||||
3.25%, 06/01/31 (Call 03/01/31) |
650 | 505,928 | ||||||
PacifiCorp, 7.70%, 11/15/31(a) |
130 | 147,865 | ||||||
Progress Energy Inc. |
||||||||
7.00%, 10/30/31 |
175 | 184,109 | ||||||
7.75%, 03/01/31 |
325 | 357,520 | ||||||
Public Service Co. of Colorado |
||||||||
1.88%, 06/15/31 (Call 12/15/30) |
395 | 304,458 | ||||||
Series 35, 1.90%, 01/15/31 (Call 07/15/30)(a) |
265 | 207,143 | ||||||
Public Service Co. of New Hampshire, Series V, 2.20%, 06/15/31 (Call 03/15/31)(a) |
175 | 138,488 | ||||||
Public Service Co. of Oklahoma, Series J, 2.20%, 08/15/31 (Call 05/15/31) |
134 | 103,661 | ||||||
Public Service Electric & Gas Co., 1.90%, 08/15/31 (Call 05/15/31) |
180 | 138,438 |
Security |
Par |
Value | ||||||
Electric (continued) |
||||||||
Public Service Enterprise Group Inc., 2.45%, 11/15/31 (Call 08/15/31) |
$ | 423 | $ | 324,390 | ||||
Southern California Edison Co., Series G, 2.50%, 06/01/31 (Call 03/01/31) |
223 | 175,198 | ||||||
Tampa Electric Co., 2.40%, 03/15/31 (Call 12/15/30) |
200 | 159,024 | ||||||
Virginia Electric & Power Co., 2.30%, 11/15/31 (Call 08/15/31) |
375 | 294,439 | ||||||
Wisconsin Power and Light Co., 1.95%, 09/16/31 (Call 06/16/31) |
155 | 118,474 | ||||||
Xcel Energy Inc., 2.35%, 11/15/31 (Call 05/15/31) |
153 | 117,623 | ||||||
|
|
|||||||
9,629,845 | ||||||||
Electronics — 1.9% | ||||||||
Agilent Technologies Inc., 2.30%, 03/12/31 (Call 12/12/30) |
430 | 335,791 | ||||||
Amphenol Corp., 2.20%, 09/15/31 (Call 06/15/31) |
370 | 282,902 | ||||||
Avnet Inc., 3.00%, 05/15/31 (Call 02/15/31) |
95 | 70,858 | ||||||
Honeywell International Inc., 1.75%, 09/01/31 (Call 06/01/31) |
770 | 596,234 | ||||||
Hubbell Inc., 2.30%, 03/15/31 (Call 12/15/30) |
170 | 133,166 | ||||||
Jabil Inc., 3.00%, 01/15/31 (Call 10/15/30) |
250 | 194,175 | ||||||
TD SYNNEX Corp., 2.65%, 08/09/31 (Call 05/09/31) |
243 | 179,580 | ||||||
Vontier Corp., 2.95%, 04/01/31 (Call 01/01/31) |
245 | 172,029 | ||||||
|
|
|||||||
1,964,735 | ||||||||
Environmental Control — 0.6% | ||||||||
Republic Services Inc., 1.45%, 02/15/31 (Call 11/15/30) |
293 | 218,464 | ||||||
Waste Management Inc., 1.50%, 03/15/31 (Call 12/15/30) |
497 | 377,690 | ||||||
|
|
|||||||
596,154 | ||||||||
Food — 1.9% | ||||||||
Flowers Foods Inc., 2.40%, 03/15/31 (Call 12/15/30)(a) |
275 | 211,018 | ||||||
General Mills Inc., 2.25%, 10/14/31 (Call 07/14/31)(a) |
222 | 172,299 | ||||||
JBS
USA LUX SA/JBS USA Food Co./JBS USA Finance Inc., 3.75%, 12/01/31
(Call |
225 | 175,927 | ||||||
Kellogg Co., Series B, 7.45%, 04/01/31 |
286 | 311,280 | ||||||
Kraft Heinz Foods Co., 4.25%, 03/01/31 (Call 12/01/30) |
200 | 181,172 | ||||||
Kroger Co. (The) |
||||||||
1.70%, 01/15/31 (Call 10/15/30)(a) |
190 | 140,929 | ||||||
7.50%, 04/01/31 |
250 | 274,915 | ||||||
McCormick & Co. Inc./MD, 1.85%, 02/15/31 (Call 11/15/30) |
275 | 203,428 | ||||||
Mondelez International Inc., 1.50%, 02/04/31 (Call 11/04/30) |
217 | 159,771 | ||||||
Sysco Corp., 2.45%, 12/14/31 (Call 09/14/31) |
224 | 174,803 | ||||||
|
|
|||||||
2,005,542 | ||||||||
Forest Products & Paper — 0.8% | ||||||||
Georgia-Pacific LLC, 8.88%, 05/15/31 |
235 | 279,700 | ||||||
Suzano Austria GmbH, 3.75%, 01/15/31 (Call 10/15/30)(a) |
625 | 500,956 | ||||||
|
|
|||||||
780,656 | ||||||||
Gas — 0.9% | ||||||||
Atmos Energy Corp., 1.50%, 01/15/31 (Call 10/15/30) |
331 | 246,668 | ||||||
National Fuel Gas Co., 2.95%, 03/01/31 (Call 12/01/30) |
245 | 183,902 | ||||||
NiSource Inc., 1.70%, 02/15/31 (Call 11/15/30) |
345 | 253,464 | ||||||
Piedmont Natural Gas Co. Inc., 2.50%, 03/15/31 (Call 12/15/30) |
200 | 157,134 | ||||||
Southern Co. Gas Capital Corp., Series 2020-A, 1.75%, 01/15/31 (Call 10/15/30) |
165 | 121,029 | ||||||
|
|
|||||||
962,197 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Kennametal Inc., 2.80%, 03/01/31 (Call 12/01/30) |
92 | 69,330 | ||||||
|
|
|||||||
Health Care - Products — 1.6% | ||||||||
Baxter International Inc., 1.73%, 04/01/31 (Call 01/01/31) |
325 | 236,837 | ||||||
PerkinElmer Inc. |
||||||||
2.25%, 09/15/31 (Call 06/15/31)(a) |
260 | 194,197 | ||||||
2.55%, 03/15/31 (Call 12/15/30) |
180 | 139,259 |
S C H E D U L E O F I N V E S T M E N T S |
89 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2031 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Health Care - Products (continued) |
||||||||
STERIS Irish FinCo UnLtd Co., 2.70%, 03/15/31 (Call 12/15/30) |
$ | 375 | $ | 292,181 | ||||
Thermo Fisher Scientific Inc., 2.00%, 10/15/31 (Call 07/15/31) |
603 | 473,138 | ||||||
Zimmer Biomet Holdings Inc., 2.60%, 11/24/31 (Call 08/24/31)(a) |
364 | 282,089 | ||||||
|
|
|||||||
1,617,701 | ||||||||
Health Care - Services — 2.2% | ||||||||
Banner Health, 1.90%, 01/01/31 (Call 07/01/30) |
160 | 122,127 | ||||||
Bon Secours Mercy Health Inc., Series 20-2, 2.10%, 06/01/31 (Call 12/01/30) |
167 | 126,910 | ||||||
Cedars-Sinai Health System, Series 2021, 2.29%, 08/15/31 (Call 02/15/31) |
129 | 101,951 | ||||||
Elevance Health Inc., 2.55%, 03/15/31 (Call 12/15/30) |
492 | 398,141 | ||||||
HCA Inc., 2.38%, 07/15/31 (Call 04/15/31) |
410 | 305,774 | ||||||
Laboratory Corp. of America Holdings, 2.70%, 06/01/31 (Call 03/01/31)(a) |
283 | 225,562 | ||||||
Ochsner LSU Health System of North Louisiana, Series 2021, 2.51%, 05/15/31 (Call 11/15/30) |
90 | 67,312 | ||||||
OhioHealth Corp., 2.30%, 11/15/31 (Call 05/15/31) |
110 | 85,390 | ||||||
Quest Diagnostics Inc., 2.80%, 06/30/31 (Call 03/30/31) |
274 | 219,860 | ||||||
UnitedHealth Group Inc., 2.30%, 05/15/31 (Call 02/15/31) |
709 | 568,249 | ||||||
|
|
|||||||
2,221,276 | ||||||||
Holding Companies - Diversified — 0.3% | ||||||||
Ares Capital Corp., 3.20%, 11/15/31 (Call 08/15/31) |
380 | 265,996 | ||||||
|
|
|||||||
Home Builders — 0.1% | ||||||||
MDC Holdings Inc., 2.50%, 01/15/31 (Call 07/15/30) |
190 | 129,840 | ||||||
|
|
|||||||
Home Furnishings — 0.1% | ||||||||
Whirlpool Corp., 2.40%, 05/15/31 (Call 02/15/31) |
165 | 124,423 | ||||||
|
|
|||||||
Household Products & Wares — 0.4% | ||||||||
Church & Dwight Co. Inc., 2.30%, 12/15/31 (Call 09/15/31) |
181 | 140,805 | ||||||
Kimberly-Clark Corp., 2.00%, 11/02/31 (Call 08/02/31)(a) |
320 | 249,936 | ||||||
|
|
|||||||
390,741 | ||||||||
Insurance — 2.9% | ||||||||
Aon Corp./Aon Global Holdings PLC |
||||||||
2.05%, 08/23/31 (Call 05/23/31) |
199 | 148,534 | ||||||
2.60%, 12/02/31 (Call 09/02/31) |
290 | 225,089 | ||||||
Arthur J Gallagher & Co., 2.40%, 11/09/31 (Call 08/09/31) |
238 | 179,538 | ||||||
Assured Guaranty U.S. Holdings Inc., 3.15%, 06/15/31 (Call 03/15/31) |
280 | 222,522 | ||||||
Athene Holding Ltd., 3.50%, 01/15/31 (Call 10/15/30) |
291 | 227,737 | ||||||
Brown & Brown Inc., 2.38%, 03/15/31 (Call 12/15/30) |
295 | 218,020 | ||||||
Enstar Group Ltd., 3.10%, 09/01/31 (Call 03/01/31) |
270 | 186,710 | ||||||
Fairfax Financial Holdings Ltd., 3.38%, 03/03/31 (Call 12/03/30) |
303 | 238,000 | ||||||
Fidelity National Financial Inc., 2.45%, 03/15/31 (Call 12/15/30) |
263 | 191,682 | ||||||
First American Financial Corp., 2.40%, 08/15/31 (Call 05/15/31) |
270 | 188,541 | ||||||
Jackson Financial Inc., 3.13%, 11/23/31 (Call 08/23/31)(a) |
229 | 169,121 | ||||||
Lincoln National Corp., 3.40%, 01/15/31 (Call 10/15/30)(a) |
282 | 232,946 | ||||||
Marsh & McLennan Companies Inc., 2.38%, 12/15/31 (Call 09/15/31)(a) |
235 | 182,642 | ||||||
Primerica
Inc., 2.80%, 11/19/31 (Call |
307 | 240,538 | ||||||
Stewart Information Services Corp., 3.60%, 11/15/31 (Call 08/15/31) |
248 | 186,503 | ||||||
|
|
|||||||
3,038,123 | ||||||||
Internet — 2.7% | ||||||||
Alibaba Group Holding Ltd., 2.13%, 02/09/31 (Call 11/09/30) |
720 | 518,328 |
Security |
Par |
Value | ||||||
Internet (continued) |
||||||||
Amazon.com Inc., 2.10%, 05/12/31 (Call 02/12/31) |
$ | 1,595 | $ | 1,277,021 | ||||
Baidu Inc., 2.38%, 08/23/31 (Call 05/23/31)(a) |
355 | 252,267 | ||||||
eBay Inc., 2.60%, 05/10/31 (Call 02/10/31)(a) |
315 | 246,614 | ||||||
Expedia Group Inc., 2.95%, 03/15/31 (Call 12/15/30)(a) |
237 | 180,058 | ||||||
VeriSign Inc., 2.70%, 06/15/31 (Call 03/15/31)(a) |
354 | 274,969 | ||||||
|
|
|||||||
2,749,257 | ||||||||
Iron & Steel — 0.2% | ||||||||
Steel Dynamics Inc., 3.25%, 01/15/31 (Call 10/15/30) |
247 | 200,883 | ||||||
|
|
|||||||
Leisure Time — 0.2% | ||||||||
Brunswick Corp., 2.40%, 08/18/31 (Call 05/18/31) |
284 | 198,828 | ||||||
|
|
|||||||
Lodging — 0.5% | ||||||||
Choice Hotels International Inc., 3.70%, 01/15/31 (Call 10/15/30) |
210 | 172,152 | ||||||
Marriott International Inc./MD, Series HH, 2.85%, 04/15/31 (Call 01/15/31) |
485 | 378,004 | ||||||
|
|
|||||||
550,156 | ||||||||
Machinery — 1.5% | ||||||||
Caterpillar Inc., 1.90%, 03/12/31 (Call 12/12/30) |
297 | 234,312 | ||||||
Deere & Co., 7.13%, 03/03/31(a) |
125 | 140,405 | ||||||
IDEX Corp., 2.63%, 06/15/31 (Call 03/15/31) |
270 | 215,455 | ||||||
John Deere Capital Corp. |
||||||||
1.45%, 01/15/31 |
335 | 252,999 | ||||||
2.00%, 06/17/31 |
310 | 243,055 | ||||||
nVent Finance Sarl, 2.75%, 11/15/31 (Call 08/15/31) |
179 | 131,236 | ||||||
Rockwell Automation Inc., 1.75%, 08/15/31 (Call 05/15/31) |
200 | 151,658 | ||||||
Xylem Inc./NY, 2.25%, 01/30/31 (Call 10/30/30)(a) |
287 | 225,467 | ||||||
|
|
|||||||
1,594,587 | ||||||||
Manufacturing — 0.2% | ||||||||
Textron Inc., 2.45%, 03/15/31 (Call 12/15/30) |
292 | 223,923 | ||||||
|
|
|||||||
Media — 3.1% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital, 2.80%, 04/01/31 (Call 01/01/31) |
718 | 545,177 | ||||||
Comcast Corp. |
||||||||
1.50%, 02/15/31 (Call 11/15/30) |
862 | 642,466 | ||||||
1.95%, 01/15/31 (Call 10/15/30) |
745 | 577,256 | ||||||
Paramount Global, 4.95%, 01/15/31 |
556 | 485,944 | ||||||
Walt Disney Co. (The), 2.65%, 01/13/31 |
1,155 | 956,883 | ||||||
|
|
|||||||
3,207,726 | ||||||||
Mining — 0.4% | ||||||||
Rio Tinto Alcan Inc., 7.25%, 03/15/31 |
220 | 244,002 | ||||||
Yamana Gold Inc., 2.63%, 08/15/31 (Call 05/15/31) |
202 | 145,769 | ||||||
|
|
|||||||
389,771 | ||||||||
Office & Business Equipment — 0.4% | ||||||||
CDW LLC/CDW Finance Corp., 3.57%, 12/01/31 (Call 09/01/31) |
490 | 385,998 | ||||||
|
|
|||||||
Oil & Gas — 2.8% | ||||||||
Burlington Resources LLC |
||||||||
7.20%, 08/15/31 |
232 | 255,634 | ||||||
7.40%, 12/01/31 |
250 | 280,867 | ||||||
Conoco Funding Co., 7.25%, 10/15/31 |
145 | 160,824 | ||||||
Devon Energy Corp., 7.88%, 09/30/31 |
310 | 341,890 | ||||||
Diamondback Energy Inc., 3.13%, 03/24/31 (Call 12/24/30) |
389 | 319,540 | ||||||
Helmerich & Payne Inc., 2.90%, 09/29/31 (Call 06/29/31) |
230 | 180,205 | ||||||
Hess Corp., 7.30%, 08/15/31 |
300 | 318,339 | ||||||
Ovintiv Inc. |
||||||||
7.20%, 11/01/31 |
177 | 180,613 |
90 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2031 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Oil & Gas (continued) |
||||||||
7.38%, 11/01/31 |
$ | 198 | $ | 205,288 | ||||
Pioneer Natural Resources Co., 2.15%, 01/15/31 (Call 10/15/30) |
516 | 399,869 | ||||||
Valero Energy Corp., 2.80%, 12/01/31 (Call 09/01/31) |
295 | 232,495 | ||||||
|
|
|||||||
2,875,564 | ||||||||
Packaging & Containers — 0.4% | ||||||||
Amcor Flexibles North America Inc., 2.69%, 05/25/31 (Call 02/25/31) |
370 | 285,229 | ||||||
WestRock MWV LLC, 7.95%, 02/15/31 |
156 | 170,455 | ||||||
|
|
|||||||
455,684 | ||||||||
Pharmaceuticals — 3.7% | ||||||||
AmerisourceBergen Corp., 2.70%, 03/15/31 (Call 12/15/30) |
485 | 386,647 | ||||||
Astrazeneca Finance LLC, 2.25%, 05/28/31 (Call 02/28/31) |
387 | 311,690 | ||||||
Becton Dickinson and Co., 1.96%, 02/11/31 (Call 11/11/30)(a) |
538 | 412,910 | ||||||
Cigna Corp., 2.38%, 03/15/31 (Call 12/15/30)(a) |
757 | 601,103 | ||||||
CVS Health Corp. |
||||||||
1.88%, 02/28/31 (Call 11/28/30)(a) |
652 | 494,914 | ||||||
2.13%, 09/15/31 (Call 06/15/31)(a) |
508 | 388,737 | ||||||
Merck & Co. Inc., 2.15%, 12/10/31 (Call 09/10/31) |
978 | 776,933 | ||||||
Pfizer Inc., 1.75%, 08/18/31 (Call 05/18/31) |
536 | 417,104 | ||||||
|
|
|||||||
3,790,038 | ||||||||
Pipelines — 2.7% | ||||||||
Boardwalk Pipelines LP, 3.40%, 02/15/31 (Call 11/15/30) |
270 | 217,833 | ||||||
Kinder Morgan Energy Partners LP, 7.40%, 03/15/31 |
134 | 140,310 | ||||||
Kinder Morgan Inc. |
||||||||
2.00%, 02/15/31 (Call 11/15/30) |
400 | 300,404 | ||||||
7.80%, 08/01/31 |
262 | 284,118 | ||||||
ONEOK Inc., 6.35%, 01/15/31 (Call 10/15/30)(a) |
266 | 262,728 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.88%, 02/01/31 (Call 02/01/26) |
485 | 428,600 | ||||||
TransCanada PipeLines Ltd., 2.50%, 10/12/31 (Call 07/12/31) |
491 | 377,422 | ||||||
Williams Companies Inc. (The) |
||||||||
2.60%, 03/15/31 (Call 12/15/30) |
757 | 593,185 | ||||||
Series A, 7.50%, 01/15/31 |
195 | 207,392 | ||||||
|
|
|||||||
2,811,992 | ||||||||
Real Estate — 0.2% | ||||||||
CBRE Services Inc., 2.50%, 04/01/31 (Call 01/01/31) |
185 | 138,765 | ||||||
Essential Properties LP, 2.95%, 07/15/31 (Call 04/15/31) |
144 | 102,293 | ||||||
|
|
|||||||
241,058 | ||||||||
Real Estate Investment Trusts — 11.4% | ||||||||
Alexandria Real Estate Equities Inc., 3.38%, 08/15/31 (Call 05/15/31) |
370 | 305,683 | ||||||
American Assets Trust LP, 3.38%, 02/01/31 (Call 11/01/30) |
240 | 186,626 | ||||||
American Homes 4 Rent LP, 2.38%, 07/15/31 (Call 04/15/31)(a) |
265 | 195,938 | ||||||
American Tower Corp. |
||||||||
2.30%, 09/15/31 (Call 06/15/31) |
295 | 219,574 | ||||||
2.70%, 04/15/31 (Call 01/15/31) |
317 | 246,664 | ||||||
AvalonBay Communities Inc., 2.45%, 01/15/31 |
245 | 196,284 | ||||||
Boston Properties LP, 3.25%, 01/30/31 (Call 10/30/30)(a) |
595 | 474,108 | ||||||
Brixmor Operating Partnership LP, 2.50%, 08/16/31 (Call 05/16/31) |
235 | 168,566 | ||||||
Broadstone Net Lease LLC, 2.60%, 09/15/31 (Call 06/15/31) |
207 | 149,526 | ||||||
Corporate Office Properties LP, 2.75%, 04/15/31 (Call 01/15/31) |
347 | 251,114 | ||||||
Crown Castle Inc. |
||||||||
2.10%, 04/01/31 (Call 01/01/31) |
451 | 336,897 | ||||||
2.25%, 01/15/31 (Call 10/15/30)(a) |
590 | 450,335 |
Security |
Par |
Value | ||||||
Real Estate Investment Trusts (continued) |
||||||||
Crown Castle International Corp., 2.50%, 07/15/31 (Call 04/15/31)(a) |
$ | 390 | $ | 300,405 | ||||
CubeSmart LP, 2.00%, 02/15/31 (Call 11/15/30) |
260 | 189,818 | ||||||
EPR Properties, 3.60%, 11/15/31 (Call 08/15/31) |
226 | 152,609 | ||||||
Equinix Inc., 2.50%, 05/15/31 (Call 02/15/31) |
490 | 373,405 | ||||||
ERP Operating LP, 1.85%, 08/01/31 (Call 05/01/31)(a) |
285 | 212,849 | ||||||
Essex Portfolio LP |
||||||||
1.65%, 01/15/31 (Call 10/15/30) |
125 | 88,948 | ||||||
2.55%, 06/15/31 (Call 03/15/31) |
205 | 157,370 | ||||||
Extra Space Storage LP, 2.55%, 06/01/31 (Call 03/01/31) |
199 | 150,667 | ||||||
GLP Capital LP/GLP Financing II Inc., 4.00%, 01/15/31 (Call 10/15/30) |
301 | 243,894 | ||||||
Healthcare Realty Holdings LP, 2.00%, 03/15/31 (Call 12/15/30) |
415 | 299,991 | ||||||
Healthpeak Properties Inc., 2.88%, 01/15/31 (Call 10/15/30) |
285 | 227,872 | ||||||
Highwoods Realty LP, 2.60%, 02/01/31 (Call 11/01/30) |
225 | 163,348 | ||||||
Host Hotels & Resorts LP, Series J, 2.90%, 12/15/31 (Call 09/15/31) |
245 | 177,370 | ||||||
Invitation Homes Operating Partnership LP, 2.00%, 08/15/31 (Call 05/15/31) |
378 | 266,002 | ||||||
Kimco Realty Corp., 2.25%, 12/01/31 (Call 09/01/31) |
285 | 209,726 | ||||||
Life Storage LP, 2.40%, 10/15/31 (Call 07/15/31) |
268 | 197,409 | ||||||
LXP Industrial Trust, 2.38%, 10/01/31 (Call 07/01/31)(a) |
255 | 184,658 | ||||||
Mid-America Apartments LP, 1.70%, 02/15/31 (Call 11/15/30) |
120 | 88,762 | ||||||
National Health Investors Inc., 3.00%, 02/01/31 (Call 11/01/30) |
150 | 103,530 | ||||||
Office Properties Income Trust, 3.45%, 10/15/31 (Call 07/15/31) |
210 | 128,526 | ||||||
Omega Healthcare Investors Inc., 3.38%, 02/01/31 (Call 11/01/30) |
300 | 225,762 | ||||||
Phillips Edison Grocery Center Operating Partnership I LP, 2.63%, 11/15/31 (Call 08/15/31) |
227 | 162,350 | ||||||
Physicians Realty LP, 2.63%, 11/01/31 (Call 08/01/31)(a) |
212 | 157,569 | ||||||
Prologis LP, 1.63%, 03/15/31 (Call 12/15/30) |
222 | 164,768 | ||||||
Public Storage |
||||||||
2.25%, 11/09/31 (Call 08/09/31)(a) |
327 | 250,907 | ||||||
2.30%, 05/01/31 (Call 02/01/31) |
315 | 247,666 | ||||||
Rayonier LP, 2.75%, 05/17/31 (Call 02/17/31) |
196 | 150,942 | ||||||
Realty Income Corp., 3.25%, 01/15/31 (Call 10/15/30) |
430 | 357,893 | ||||||
Rexford Industrial Realty LP, 2.15%, 09/01/31 (Call 06/01/31) |
180 | 132,140 | ||||||
Sabra Health Care LP, 3.20%, 12/01/31 (Call 09/01/31) |
360 | 259,596 | ||||||
Safehold Operating Partnership LP, 2.80%, 06/15/31 (Call 03/15/31) |
220 | 162,692 | ||||||
Simon Property Group LP, 2.20%, 02/01/31 (Call 11/01/30)(a) |
396 | 297,986 | ||||||
Spirit Realty LP, 3.20%, 02/15/31 (Call 11/15/30) |
176 | 134,769 | ||||||
STORE Capital Corp., 2.70%, 12/01/31 (Call 09/01/31) |
272 | 220,029 | ||||||
Sun Communities Operating LP, 2.70%, 07/15/31 (Call 04/15/31) |
332 | 244,677 | ||||||
Tanger Properties LP, 2.75%, 09/01/31 (Call 06/01/31) |
220 | 150,720 | ||||||
UDR Inc., 3.00%, 08/15/31 (Call 05/15/31)(a) |
265 | 208,370 | ||||||
Ventas Realty LP, 2.50%, 09/01/31 (Call 06/01/31) |
305 | 231,001 | ||||||
Vornado Realty LP, 3.40%, 06/01/31 (Call 03/01/31)(a) |
215 | 158,760 | ||||||
Welltower Inc. |
||||||||
2.75%, 01/15/31 (Call 10/15/30) |
350 | 269,539 | ||||||
2.80%, 06/01/31 (Call 03/01/31) |
320 | 246,928 | ||||||
WP Carey Inc., 2.40%, 02/01/31 (Call 11/01/30) |
285 | 214,668 | ||||||
|
|
|||||||
11,748,206 | ||||||||
Retail — 2.6% | ||||||||
AutoNation Inc., 2.40%, 08/01/31 (Call 05/01/31) |
251 | 173,574 | ||||||
AutoZone Inc., 1.65%, 01/15/31 (Call 10/15/30) |
251 | 185,903 | ||||||
Dollar Tree Inc., 2.65%, 12/01/31 (Call 09/01/31) |
430 | 335,473 |
S C H E D U L E O F I N V E S T M E N T S |
91 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2031 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Retail (continued) |
||||||||
Home Depot Inc. (The) |
||||||||
1.38%, 03/15/31 (Call 12/15/30) |
$ | 492 | $ | 368,129 | ||||
1.88%, 09/15/31 (Call 06/15/31)(a) |
582 | 449,647 | ||||||
Kohl’s Corp., 3.38%, 05/01/31 (Call 02/01/31) |
209 | 138,097 | ||||||
Lowe’s Companies Inc., 2.63%, 04/01/31 (Call 01/01/31) |
692 | 553,912 | ||||||
O’Reilly Automotive Inc., 1.75%, 03/15/31 (Call 12/15/30) |
217 | 161,231 | ||||||
Ross Stores Inc., 1.88%, 04/15/31 (Call 01/15/31)(a) |
275 | 205,323 | ||||||
TJX Companies Inc. (The), 1.60%, 05/15/31 (Call 02/15/31) |
210 | 157,147 | ||||||
|
|
|||||||
2,728,436 | ||||||||
Semiconductors — 3.8% | ||||||||
Analog Devices Inc., 2.10%, 10/01/31 (Call 07/01/31) |
510 | 400,396 | ||||||
Broadcom
Inc., 2.45%, 02/15/31 (Call |
1,415 | 1,065,552 | ||||||
Intel Corp., 2.00%, 08/12/31 (Call 05/12/31) |
613 | 468,448 | ||||||
Marvell Technology Inc., 2.95%, 04/15/31 (Call 01/15/31) |
365 | 283,076 | ||||||
NVIDIA Corp., 2.00%, 06/15/31 (Call 03/15/31) |
614 | 477,901 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 2.50%, 05/11/31 (Call 02/11/31) |
517 | 388,438 | ||||||
Skyworks Solutions Inc., 3.00%, 06/01/31 (Call 03/01/31) |
220 | 163,550 | ||||||
Texas Instruments Inc., 1.90%, 09/15/31 (Call 06/15/31) |
253 | 197,909 | ||||||
TSMC Arizona Corp., 2.50%, 10/25/31 (Call 07/25/31) |
610 | 473,323 | ||||||
|
|
|||||||
3,918,593 | ||||||||
Software — 4.0% | ||||||||
Autodesk Inc., 2.40%, 12/15/31 (Call 09/15/31) |
485 | 374,415 | ||||||
Broadridge Financial Solutions Inc., 2.60%, 05/01/31 (Call 02/01/31) |
520 | 404,721 | ||||||
Electronic Arts Inc., 1.85%, 02/15/31 (Call 11/15/30) |
230 | 177,330 | ||||||
Fidelity National Information Services Inc., 2.25%, 03/01/31 (Call 12/01/30)(a) |
565 | 434,378 | ||||||
Oracle Corp., 2.88%, 03/25/31 (Call 12/25/30) |
1,621 | 1,278,094 | ||||||
Roper Technologies Inc., 1.75%, 02/15/31 (Call 11/15/30) |
465 | 341,733 | ||||||
salesforce.com Inc., 1.95%, 07/15/31 (Call 04/15/31) |
745 | 582,054 | ||||||
VMware Inc., 2.20%, 08/15/31 (Call 05/15/31) |
731 | 532,599 | ||||||
|
|
|||||||
4,125,324 | ||||||||
Telecommunications — 8.2% | ||||||||
AT&T Inc., 2.75%, 06/01/31 (Call 03/01/31)(a) |
1,489 | 1,191,423 | ||||||
Motorola Solutions Inc., 2.75%, 05/24/31 (Call 02/24/31) |
404 | 308,749 | ||||||
Orange SA, 9.00%, 03/01/31 |
1,211 | 1,446,116 | ||||||
T-Mobile USA Inc. |
||||||||
2.25%, 11/15/31 (Call 08/15/31) |
540 | 408,915 | ||||||
2.55%, 02/15/31 (Call 11/15/30) |
1,310 | 1,035,607 | ||||||
2.88%, 02/15/31 (Call 02/15/26) |
550 | 442,992 | ||||||
3.50%, 04/15/31 (Call 04/15/26) |
1,145 | 968,899 | ||||||
Verizon Communications Inc. |
||||||||
1.75%, 01/20/31 (Call 10/20/30) |
1,260 | 936,810 | ||||||
2.55%, 03/21/31 (Call 12/21/30) |
2,203 | 1,740,260 | ||||||
|
|
|||||||
8,479,771 |
Security | Par/ Shares (000) |
Value | ||||||
Transportation — 2.5% |
||||||||
Canadian Pacific Railway Co. |
||||||||
2.45%, 12/02/31 (Call 09/02/31) |
$ | 570 | $ | 452,369 | ||||
7.13%, 10/15/31(a) |
195 | 210,512 | ||||||
FedEx
Corp., 2.40%, 05/15/31 (Call |
505 | 392,163 | ||||||
Norfolk Southern Corp., 2.30%, 05/15/31 (Call 02/15/31) |
280 | 222,790 | ||||||
Union Pacific Corp., 2.38%, 05/20/31 (Call 02/20/31) |
585 | 473,967 | ||||||
Walmart Inc., 1.80%, 09/22/31 (Call 06/22/31) |
1,024 | 810,445 | ||||||
|
|
|||||||
2,562,246 | ||||||||
Trucking & Leasing — 0.2% | ||||||||
GATX Corp., 1.90%, 06/01/31 (Call 03/01/31) |
220 | 156,598 | ||||||
|
|
|||||||
Water — 0.4% | ||||||||
American Water Capital Corp., 2.30%, 06/01/31 (Call 03/01/31) |
315 | 247,294 | ||||||
Essential Utilities Inc., 2.40%, 05/01/31 (Call 02/01/31) |
233 | 181,675 | ||||||
|
|
|||||||
428,969 | ||||||||
|
|
|||||||
Total
Long-Term Investments — 98.6% |
101,794,820 | |||||||
|
|
|||||||
Short-Term Securities |
||||||||
Money Market Funds — 11.5% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(c)(d)(e) |
11,812 | 11,809,184 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(c)(d) |
60 | 60,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 11.5% |
11,869,184 | |||||||
|
|
|||||||
Total
Investments — 110.1% |
113,664,004 | |||||||
Liabilities in Excess of Other Assets — (10.1)% |
|
(10,400,586 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 103,263,418 | ||||||
|
|
(a) |
All or a portion of this security is on loan. |
(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) |
Affiliate of the Fund. |
(d) |
Annualized 7-day yield as of period end. |
(e) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
92 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2031 Term Corporate ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/21 |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 1,152,311 | $ | 10,660,112 | (a) | $ | — | $ | (2,462 | ) | $ | (777 | ) | $ | 11,809,184 | 11,812 | $ | 13,868 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
— | 60,000 | (a) | — | — | — | 60,000 | 60 | 4,458 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (2,462 | ) | $ | (777 | ) | $ | 11,869,184 | $ | 18,326 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 101,794,820 | $ | — | $ | 101,794,820 | ||||||||
Money Market Funds |
11,869,184 | — | — | 11,869,184 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 11,869,184 | $ | 101,794,820 | $ | — | $ | 113,664,004 | |||||||||
|
|
|
|
|
|
|
|
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 |
93 |
Schedule of Investments October 31, 2022 |
iShares® iBonds® Dec 2032 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Aerospace & Defense — 0.9% |
||||||||
Lockheed Martin Corp., 3.90%, 06/15/32 (Call 03/15/32)(a) |
$ | 75 | $ | 68,604 | ||||
Raytheon Technologies Corp., 2.38%, 03/15/32 (Call 12/15/31) |
95 | 74,234 | ||||||
|
|
|||||||
142,838 | ||||||||
Agriculture — 1.6% | ||||||||
Altria Group Inc., 2.45%, 02/04/32 (Call 11/04/31) |
155 | 110,166 | ||||||
Archer-Daniels-Midland Co. |
||||||||
2.90%, 03/01/32 (Call 12/01/31) |
55 | 45,955 | ||||||
5.94%, 10/01/32 |
40 | 41,835 | ||||||
BAT Capital Corp., 4.74%, 03/16/32 (Call 12/16/31)(a) |
80 | 67,067 | ||||||
|
|
|||||||
265,023 | ||||||||
Airlines — 1.0% | ||||||||
American Airlines Pass Through Trust, Series 2019-1, Class AA, 3.15%, 08/15/33 |
47 | 38,748 | ||||||
JetBlue Pass Through Trust |
||||||||
Series 1A, Class A, 4.00%, 05/15/34 |
68 | 59,276 | ||||||
Series 2019-1, Class AA, 2.75%, 11/15/33 |
27 | 21,375 | ||||||
United Airlines Pass Through Trust, Series 2019-2, Class AA, 2.70%, 11/01/33 |
59 | 46,855 | ||||||
|
|
|||||||
166,254 | ||||||||
Apparel — 0.2% | ||||||||
Tapestry Inc., 3.05%, 03/15/32 (Call 12/15/31) |
45 | 33,184 | ||||||
|
|
|||||||
Auto Manufacturers — 1.5% | ||||||||
General Motors Co., 5.60%, 10/15/32 (Call 07/15/32) |
95 | 86,254 | ||||||
General Motors Financial Co. Inc., 3.10%, 01/12/32 (Call 10/12/31) |
110 | 83,808 | ||||||
Honda Motor Co. Ltd., 2.97%, 03/10/32 (Call 12/10/31) |
65 | 53,826 | ||||||
Toyota Motor Credit Corp., 2.40%, 01/13/32 |
35 | 27,865 | ||||||
|
|
|||||||
251,753 | ||||||||
Auto Parts & Equipment — 0.5% | ||||||||
Aptiv PLC/Aptiv Corp., 3.25%, 03/01/32 (Call 12/01/31)(a) |
70 | 55,828 | ||||||
Lear Corp., 2.60%, 01/15/32 (Call 10/15/31) |
35 | 25,522 | ||||||
|
|
|||||||
81,350 | ||||||||
Banks — 4.8% | ||||||||
Bank of New York Mellon Corp. (The), 2.50%, 01/26/32 (Call 10/26/31) |
45 | 34,857 | ||||||
Bank of Nova Scotia (The), 2.45%, 02/02/32 |
80 | 60,083 | ||||||
Canadian Imperial Bank of Commerce, 3.60%, 04/07/32 (Call 03/07/32) |
90 | 74,290 | ||||||
Citigroup Inc., 6.63%, 06/15/32 |
90 | 91,140 | ||||||
Citizens Financial Group Inc., 2.64%, 09/30/32 (Call 07/02/32) |
60 | 42,716 | ||||||
Morgan Stanley, 7.25%, 04/01/32(a) |
90 | 97,510 | ||||||
Royal Bank of Canada, 3.88%, 05/04/32 |
95 | 81,903 | ||||||
Toronto-Dominion Bank (The) |
||||||||
2.45%, 01/12/32 |
55 | 41,821 | ||||||
3.20%, 03/10/32 |
135 | 109,900 | ||||||
4.46%, 06/08/32 |
175 | 157,253 | ||||||
|
|
|||||||
791,473 | ||||||||
Beverages — 3.0% | ||||||||
Coca-Cola Co. (The), 2.25%, 01/05/32 |
185 | 149,645 | ||||||
Coca-Cola Femsa SAB de CV, 1.85%, 09/01/32 (Call 06/01/32) |
60 | 43,384 | ||||||
Constellation Brands Inc., 4.75%, 05/09/32 (Call 02/09/32) |
75 | 69,872 | ||||||
Diageo Capital PLC, 2.13%, 04/29/32 (Call 01/29/32) |
65 | 49,742 | ||||||
Keurig Dr Pepper Inc., 4.05%, 04/15/32 (Call 01/15/32) |
75 | 65,789 | ||||||
PepsiCo Inc., 3.90%, 07/18/32 (Call 04/18/32) |
115 | 106,529 | ||||||
|
|
|||||||
484,961 |
Security |
Par |
Value | ||||||
Biotechnology — 1.4% |
||||||||
Amgen Inc. |
||||||||
2.00%, 01/15/32 (Call 10/15/31)(a) |
$ | 115 | $ | 87,545 | ||||
3.35%, 02/22/32 (Call 11/22/31) |
90 | 76,662 | ||||||
Bio-Rad Laboratories Inc., 3.70%, 03/15/32 (Call 12/15/31) |
70 | 58,472 | ||||||
|
|
|||||||
222,679 | ||||||||
Building Materials — 0.3% | ||||||||
Fortune Brands Home & Security Inc., 4.00%, 03/25/32 (Call 12/25/31) |
35 | 28,711 | ||||||
Johnson Controls International PLC/Tyco Fire & Security Finance SCA, 4.90%, 12/01/32 (Call 09/01/32)(a) |
15 | 14,114 | ||||||
|
|
|||||||
42,825 | ||||||||
Chemicals — 1.6% | ||||||||
Albemarle Corp., 5.05%, 06/01/32 (Call 03/01/32) |
55 | 50,395 | ||||||
Cabot Corp., 5.00%, 06/30/32 (Call 03/30/32) |
40 | 35,743 | ||||||
Celanese U.S. Holdings LLC, 6.38%, 07/15/32 (Call 04/15/32)(a) |
90 | 81,996 | ||||||
Ecolab Inc., 2.13%, 02/01/32 (Call 11/01/31)(a) |
55 | 43,026 | ||||||
RPM International Inc., 2.95%, 01/15/32 (Call 10/15/31) |
30 | 23,018 | ||||||
Sherwin-Williams Co. (The), 2.20%, 03/15/32 (Call 12/15/31) |
45 | 33,914 | ||||||
|
|
|||||||
268,092 | ||||||||
Commercial Services — 2.5% | ||||||||
Cintas Corp. No. 2, 4.00%, 05/01/32 (Call 02/01/32) |
60 | 54,337 | ||||||
Global Payments Inc., 5.40%, 08/15/32 (Call 05/15/32) |
60 | 55,458 | ||||||
PayPal Holdings Inc., 4.40%, 06/01/32 (Call 03/01/32) |
90 | 82,626 | ||||||
Quanta Services Inc., 2.35%, 01/15/32 (Call 10/15/31) |
55 | 39,852 | ||||||
RELX Capital Inc., 4.75%, 05/20/32 (Call 02/20/32) |
35 | 32,585 | ||||||
S&P Global Inc., 2.90%, 03/01/32 (Call 12/01/31)(b) |
135 | 111,133 | ||||||
Triton Container International Ltd./TAL International Container Corp., 3.25%, 03/15/32 (Call 12/15/31) |
55 | 39,338 | ||||||
|
|
|||||||
415,329 | ||||||||
Computers — 2.4% | ||||||||
Apple Inc., 3.35%, 08/08/32 (Call 05/08/32) |
100 | 88,211 | ||||||
HP Inc., 4.20%, 04/15/32 (Call 01/15/32) |
90 | 73,689 | ||||||
International Business Machines Corp. |
||||||||
2.72%, 02/09/32 (Call 11/09/31) |
40 | 32,147 | ||||||
4.40%, 07/27/32 (Call 04/27/32) |
100 | 91,540 | ||||||
5.88%, 11/29/32 |
70 | 71,510 | ||||||
Western Digital Corp., 3.10%, 02/01/32 (Call 11/01/31) |
50 | 34,677 | ||||||
|
|
|||||||
391,774 | ||||||||
Cosmetics & Personal Care — 1.3% | ||||||||
Colgate-Palmolive Co., 3.25%, 08/15/32 (Call 05/15/32) |
45 | 39,669 | ||||||
Procter & Gamble Co. (The), 2.30%, 02/01/32(a) |
85 | 69,976 | ||||||
Unilever Capital Corp., 5.90%, 11/15/32 |
90 | 93,904 | ||||||
|
|
|||||||
203,549 | ||||||||
Diversified Financial Services — 5.4% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 3.30%, 01/30/32 (Call 10/30/31) |
350 | 262,780 | ||||||
Air Lease Corp., 2.88%, 01/15/32 (Call 10/15/31) |
65 | 48,594 | ||||||
Ameriprise Financial Inc., 4.50%, 05/13/32 (Call 02/13/32)(a) |
45 | 41,773 | ||||||
Brookfield Finance I UK PLC, 2.34%, 01/30/32 (Call 10/30/31) |
60 | 43,732 | ||||||
Cboe Global Markets Inc., 3.00%, 03/16/32 (Call 12/16/31) |
40 | 32,345 | ||||||
Charles Schwab Corp. (The), 2.90%, 03/03/32 (Call 12/03/31) |
100 | 81,214 | ||||||
CME Group Inc., 2.65%, 03/15/32 (Call 12/15/31) |
80 | 64,441 | ||||||
Credit Suisse USA Inc., 7.13%, 07/15/32 |
70 | 69,099 | ||||||
Intercontinental Exchange Inc., 1.85%, 09/15/32 (Call 06/15/32) |
145 | 105,266 | ||||||
Jefferies Group LLC, 2.75%, 10/15/32 (Call 07/15/32) |
50 | 34,653 | ||||||
Nomura Holdings Inc., 3.00%, 01/22/32 |
70 | 51,902 | ||||||
ORIX Corp., 4.00%, 04/13/32 |
60 | 51,078 | ||||||
|
|
|||||||
886,877 |
94 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2032 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Electric — 10.9% |
||||||||
AEP Texas Inc., 4.70%, 05/15/32 (Call 02/15/32)(a) |
$ | 45 | $ | 40,987 | ||||
Alabama Power Co. |
||||||||
3.05%, 03/15/32 (Call 12/15/31) |
70 | 58,688 | ||||||
3.94%, 09/01/32 (Call 03/01/32) |
30 | 26,811 | ||||||
Ameren Illinois Co., 3.85%, 09/01/32 (Call 06/01/32) |
45 | 40,084 | ||||||
Appalachian Power Co., 4.50%, 08/01/32 (Call 05/01/32) |
45 | 40,284 | ||||||
CenterPoint Energy Houston Electric LLC |
||||||||
Series AG, 3.00%, 03/01/32 (Call 12/01/31) |
15 | 12,528 | ||||||
Series ai., 4.45%, 10/01/32 (Call 07/01/32) |
25 | 23,439 | ||||||
Commonwealth Edison Co., 3.15%, 03/15/32 (Call 12/15/31) |
25 | 21,122 | ||||||
Consumers Energy Co., 3.60%, 08/15/32 (Call 02/15/32) |
30 | 26,374 | ||||||
Dominion Energy Inc., 4.35%, 08/15/32 (Call 05/15/32) |
35 | 31,587 | ||||||
Dominion Energy South Carolina Inc., 6.63%, 02/01/32 |
25 | 26,448 | ||||||
DTE Electric Co., Series A, 3.00%, 03/01/32 (Call 12/01/31) |
50 | 41,505 | ||||||
Duke Energy Carolinas LLC |
||||||||
2.85%, 03/15/32 (Call 12/15/31)(a) |
40 | 32,721 | ||||||
6.45%, 10/15/32 |
40 | 41,510 | ||||||
Duke Energy Corp., 4.50%, 08/15/32 (Call 05/15/32) |
105 | 94,894 | ||||||
Duke Energy Progress LLC, 3.40%, 04/01/32 (Call 01/01/32) |
35 | 29,962 | ||||||
Entergy Louisiana LLC, 2.35%, 06/15/32 (Call 03/15/32) |
50 | 38,321 | ||||||
Eversource Energy, 3.38%, 03/01/32 (Call 12/01/31) |
65 | 54,284 | ||||||
Exelon Corp., 3.35%, 03/15/32 (Call 12/15/31)(b) |
65 | 54,036 | ||||||
Florida Power & Light Co., 2.45%, 02/03/32 (Call 11/03/31) |
135 | 108,786 | ||||||
Georgia Power Co., 4.70%, 05/15/32 (Call 02/15/32) |
65 | 61,049 | ||||||
National Rural Utilities Cooperative Finance Corp. |
||||||||
2.75%, 04/15/32 (Call 01/15/32) |
45 | 36,150 | ||||||
4.02%, 11/01/32 (Call 05/01/32) |
55 | 48,601 | ||||||
Series C, 8.00%, 03/01/32 |
35 | 40,465 | ||||||
NextEra Energy Capital Holdings Inc. |
||||||||
2.44%, 01/15/32 (Call 10/15/31) |
90 | 69,697 | ||||||
5.00%, 07/15/32 (Call 04/15/32)(a) |
90 | 85,590 | ||||||
Oncor Electric Delivery Co. LLC |
||||||||
4.15%, 06/01/32 (Call 03/01/32)(b) |
40 | 36,760 | ||||||
7.00%, 05/01/32 |
45 | 49,302 | ||||||
Pacific Gas and Electric Co. |
||||||||
4.40%, 03/01/32 (Call 12/01/31) |
40 | 33,456 | ||||||
5.90%, 06/15/32 (Call 03/15/32) |
55 | 51,246 | ||||||
Public Service Co. of Colorado, 4.10%, 06/01/32 |
35 | 31,947 | ||||||
Public Service Electric & Gas Co., 3.10%, 03/15/32 (Call 12/15/31) |
50 | 42,045 | ||||||
Puget Energy Inc., 4.22%, 03/15/32 (Call 12/15/31) |
40 | 34,290 | ||||||
San Diego Gas & Electric Co., Series XXX, 3.00%, 03/15/32 (Call 12/15/31) |
45 | 36,970 | ||||||
Southern California Edison Co., 2.75%, 02/01/32 (Call 11/01/31) |
35 | 27,585 | ||||||
Southern Co. (The), 5.70%, 10/15/32 |
20 | 19,787 | ||||||
Tucson Electric Power Co., 3.25%, 05/15/32 (Call 02/15/32) |
30 | 24,693 | ||||||
Union Electric Co., 2.15%, 03/15/32 (Call 12/15/31) |
50 | 38,237 | ||||||
Virginia Electric & Power Co., 2.40%, 03/30/32 (Call 12/30/31)(a) |
60 | 47,190 | ||||||
Wisconsin Electric Power Co., 4.75%, 09/30/32 (Call 06/30/32) |
25 | 23,817 | ||||||
Wisconsin Power and Light Co., 3.95%, 09/01/32 (Call 06/01/32) |
55 | 48,764 | ||||||
Xcel Energy Inc., 4.60%, 06/01/32 (Call 12/01/31) |
60 | 55,331 | ||||||
|
|
|||||||
1,787,343 | ||||||||
Electronics — 0.9% | ||||||||
Allegion U.S. Holding Co. Inc., 5.41%, 07/01/32 (Call 04/01/32) |
60 | 54,981 | ||||||
Arrow Electronics Inc., 2.95%, 02/15/32 (Call 11/15/31)(a) |
40 | 30,440 | ||||||
Avnet Inc., 5.50%, 06/01/32 (Call 03/01/32) |
30 | 26,831 |
Security |
Par |
Value | ||||||
Electronics (continued) |
||||||||
Tyco Electronics Group SA, 2.50%, 02/04/32 |
$ | 50 | $ | 39,871 | ||||
|
|
|||||||
152,123 | ||||||||
Entertainment — 2.0% | ||||||||
Magallanes Inc., 4.28%, 03/15/32 (Call 12/15/31)(b) |
405 | 327,309 | ||||||
|
|
|||||||
Environmental Control — 1.4% | ||||||||
Republic Services Inc., 1.75%, 02/15/32 (Call 11/15/31)(a) |
70 | 51,992 | ||||||
Waste Connections Inc. |
||||||||
2.20%, 01/15/32 (Call 10/15/31) |
60 | 46,264 | ||||||
3.20%, 06/01/32 (Call 03/01/32) |
45 | 37,557 | ||||||
Waste Management Inc., 4.15%, 04/15/32 (Call 01/15/32)(a) |
95 | 87,434 | ||||||
|
|
|||||||
223,247 | ||||||||
Food — 1.9% | ||||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc., 3.00%, 05/15/32 (Call 02/15/32)(b) |
110 | 80,430 | ||||||
JM Smucker Co. (The), 2.13%, 03/15/32 (Call 12/15/31) |
45 | 33,449 | ||||||
Kraft Heinz Foods Co., 6.75%, 03/15/32 |
30 | 31,619 | ||||||
Mondelez International Inc. |
||||||||
1.88%, 10/15/32 (Call 07/15/32) |
60 | 43,611 | ||||||
3.00%, 03/17/32 (Call 12/17/31) |
65 | 53,221 | ||||||
Pilgrim’s Pride Corp., 3.50%, 03/01/32 (Call 09/01/26)(b) |
80 | 61,404 | ||||||
|
|
|||||||
303,734 | ||||||||
Forest Products & Paper — 0.4% | ||||||||
Suzano Austria GmbH, 3.13%, 01/15/32 (Call 10/15/31) |
90 | 66,503 | ||||||
|
|
|||||||
Gas — 1.0% | ||||||||
Atmos Energy Corp., 5.45%, 10/15/32 (Call 07/15/32) |
25 | 25,130 | ||||||
CenterPoint Energy Resources Corp., 4.40%, 07/01/32 (Call 04/01/32)(a) |
40 | 36,896 | ||||||
ONE Gas Inc., 4.25%, 09/01/32 (Call 06/01/32)(a) |
25 | 22,818 | ||||||
Southern Co. Gas Capital Corp., 5.15%, 09/15/32 (Call 03/15/32) |
25 | 23,778 | ||||||
Southwest Gas Corp., 4.05%, 03/15/32 (Call 12/15/31) |
60 | 50,140 | ||||||
|
|
|||||||
158,762 | ||||||||
Hand & Machine Tools — 0.2% | ||||||||
Stanley Black & Decker Inc., 3.00%, 05/15/32 (Call 02/15/32)(a) |
45 | 36,472 | ||||||
|
|
|||||||
Health Care - Products — 0.7% | ||||||||
Baxter International Inc. |
||||||||
2.54%, 02/01/32 (Call 11/01/31)(b) |
15 | 11,471 | ||||||
2.54%, 02/01/32 (Call 11/01/31)(a) |
125 | 95,594 | ||||||
|
|
|||||||
107,065 | ||||||||
Health Care - Services — 2.6% | ||||||||
Anthem Inc., 4.10%, 05/15/32 (Call 02/15/32) |
55 | 49,493 | ||||||
HCA Inc., 3.63%, 03/15/32 (Call 12/15/31)(b) |
180 | 146,171 | ||||||
Humana Inc., 2.15%, 02/03/32 (Call 11/03/31) |
65 | 48,906 | ||||||
Piedmont Healthcare Inc., 2.04%, 01/01/32 (Call 07/01/31) |
30 | 22,240 | ||||||
UnitedHealth Group Inc., 4.20%, 05/15/32 (Call 02/15/32)(a) |
135 | 124,482 | ||||||
Universal Health Services Inc., 2.65%, 01/15/32 (Call 10/15/31)(b) |
45 | 32,128 | ||||||
|
|
|||||||
423,420 | ||||||||
Home Builders — 0.2% | ||||||||
PulteGroup Inc., 7.88%, 06/15/32 |
25 | 26,254 | ||||||
|
|
|||||||
Home Furnishings — 0.2% | ||||||||
Whirlpool Corp., 4.70%, 05/14/32 (Call 02/14/32) |
35 | 31,416 | ||||||
|
|
|||||||
Household Products & Wares — 0.5% | ||||||||
Avery Dennison Corp., 2.25%, 02/15/32 (Call 11/15/31) |
50 | 36,821 | ||||||
Clorox Co. (The), 4.60%, 05/01/32 (Call 02/01/32) |
55 | 51,049 | ||||||
|
|
|||||||
87,870 |
S C H E D U L E O F I N V E S T M E N T S |
95 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2032 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Insurance — 3.8% |
||||||||
Assurant Inc., 2.65%, 01/15/32 (Call 10/15/31) |
$ | 35 | $ | 25,225 | ||||
Berkshire Hathaway Finance Corp., 2.88%, 03/15/32 (Call 12/15/31)(a) |
95 | 79,047 | ||||||
Brown & Brown Inc., 4.20%, 03/17/32 (Call 12/17/31) |
60 | 50,390 | ||||||
Corebridge Financial Inc., 3.90%, 04/05/32 (Call 01/05/32)(b) |
135 | 113,029 | ||||||
Fairfax Financial Holdings Ltd., 5.63%, 08/16/32 (Call 05/16/32)(b) |
60 | 54,528 | ||||||
Globe Life Inc., 4.80%, 06/15/32 (Call 03/15/32) |
35 | 31,782 | ||||||
Jackson Financial Inc., 5.67%, 06/08/32 (Call 03/08/32) |
30 | 27,340 | ||||||
Kemper Corp., 3.80%, 02/23/32 (Call 11/23/31) |
40 | 32,533 | ||||||
Lincoln National Corp., 3.40%, 03/01/32 (Call 12/01/31) |
30 | 24,337 | ||||||
Manulife Financial Corp., 3.70%, 03/16/32 (Call 12/16/31)(a) |
50 | 42,663 | ||||||
MetLife Inc., 6.50%, 12/15/32 |
55 | 57,710 | ||||||
Progressive Corp. (The) |
||||||||
3.00%, 03/15/32 (Call 12/15/31) |
40 | 33,084 | ||||||
6.25%, 12/01/32 |
30 | 31,354 | ||||||
Prudential PLC, 3.63%, 03/24/32 (Call 12/24/31) |
25 | 20,471 | ||||||
|
|
|||||||
623,493 | ||||||||
Internet — 2.5% | ||||||||
Amazon.com Inc., 3.60%, 04/13/32 (Call 01/13/32) |
220 | 196,865 | ||||||
Meta Platforms Inc., 3.85%, 08/15/32 (Call 05/15/32)(b) |
255 | 217,423 | ||||||
|
|
|||||||
414,288 | ||||||||
Iron & Steel — 0.3% | ||||||||
Nucor Corp., 3.13%, 04/01/32 (Call 01/01/32) |
55 | 44,606 | ||||||
|
|
|||||||
Leisure Time — 0.2% | ||||||||
Brunswick Corp., 4.40%, 09/15/32 (Call 06/15/32) |
40 | 31,615 | ||||||
|
|
|||||||
Lodging — 0.5% | ||||||||
Marriott International Inc./MD, Series GG, 3.50%, 10/15/32 (Call 07/15/32) |
100 | 79,985 | ||||||
|
|
|||||||
Machinery — 0.5% | ||||||||
Flowserve Corp., 2.80%, 01/15/32 (Call 10/15/31) |
45 | 32,263 | ||||||
John Deere Capital Corp., 3.90%, 06/07/32 |
50 | 45,339 | ||||||
|
|
|||||||
77,602 | ||||||||
Manufacturing — 2.5% | ||||||||
Carlisle Companies Inc., 2.20%, 03/01/32 (Call 12/01/31)(a) |
55 | 40,469 | ||||||
Eaton Corp., 4.00%, 11/02/32 |
55 | 48,600 | ||||||
GE Capital Funding LLC, 4.55%, 05/15/32 (Call 02/15/32) |
65 | 60,072 | ||||||
General Electric Co., 6.75%, 03/15/32 |
220 | 239,459 | ||||||
Pentair Finance Sarl, 5.90%, 07/15/32 (Call 04/15/32) |
25 | 23,625 | ||||||
|
|
|||||||
412,225 | ||||||||
Media — 1.5% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital, 2.30%, 02/01/32 (Call 11/01/31) |
95 | 67,850 | ||||||
FactSet Research Systems Inc., 3.45%, 03/01/32 (Call 12/01/31) |
50 | 40,181 | ||||||
Grupo Televisa SAB, 8.50%, 03/11/32(a) |
20 | 22,595 | ||||||
Paramount Global, 4.20%, 05/19/32 (Call 02/19/32)(a) |
90 | 72,066 | ||||||
TWDC Enterprises 18 Corp., Series B, 7.00%, 03/01/32 |
45 | 49,301 | ||||||
|
|
|||||||
251,993 | ||||||||
Metal Fabricate & Hardware — 0.1% | ||||||||
Timken Co. (The), 4.13%, 04/01/32 (Call 01/01/32) |
25 | 21,743 | ||||||
|
|
|||||||
Mining — 0.4% | ||||||||
Newmont Corp., 2.60%, 07/15/32 (Call 04/15/32) |
85 | 64,822 | ||||||
|
|
|||||||
Oil & Gas — 2.8% | ||||||||
BP Capital Markets America Inc., 2.72%, 01/12/32 (Call 10/12/31) |
170 | 138,004 |
Security |
Par |
Value | ||||||
Oil & Gas (continued) |
||||||||
Canadian Natural Resources Ltd., 7.20%, 01/15/32 |
$ | 25 | $ | 26,238 | ||||
Cenovus Energy Inc., 2.65%, 01/15/32 (Call 10/15/31)(a) |
45 | 34,763 | ||||||
ConocoPhillips Co., 5.90%, 10/15/32 |
50 | 51,864 | ||||||
Devon Energy Corp., 7.95%, 04/15/32 |
35 | 38,764 | ||||||
Marathon Oil Corp., 6.80%, 03/15/32 |
50 | 50,940 | ||||||
Suncor Energy Inc., 7.15%, 02/01/32 |
45 | 46,779 | ||||||
Valero Energy Corp., 7.50%, 04/15/32 |
70 | 76,114 | ||||||
|
|
|||||||
463,466 | ||||||||
Packaging & Containers — 0.6% | ||||||||
AptarGroup Inc., 3.60%, 03/15/32 (Call 12/15/31) |
30 | 24,094 | ||||||
Sonoco Products Co., 2.85%, 02/01/32 (Call 11/01/31) |
50 | 39,059 | ||||||
WRKCo Inc., 4.20%, 06/01/32 (Call 03/01/32) |
45 | 38,788 | ||||||
|
|
|||||||
101,941 | ||||||||
Pharmaceuticals — 1.0% | ||||||||
Becton Dickinson and Co., 4.30%, 08/22/32 (Call 05/22/32) |
25 | 22,617 | ||||||
Bristol-Myers Squibb Co., 2.95%, 03/15/32 (Call 12/15/31) |
155 | 131,435 | ||||||
|
|
|||||||
154,052 | ||||||||
Pipelines — 3.0% | ||||||||
Boardwalk Pipelines LP, 3.60%, 09/01/32 (Call 06/01/32) |
50 | 39,692 | ||||||
Kinder Morgan Energy Partners LP, 7.75%, 03/15/32 |
30 | 32,076 | ||||||
Kinder Morgan Inc., 7.75%, 01/15/32 |
90 | 97,984 | ||||||
MPLX LP, 4.95%, 09/01/32 (Call 06/01/32) |
90 | 81,521 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp., 4.00%, 01/15/32 (Call 07/15/26) |
85 | 70,040 | ||||||
Texas Eastern Transmission LP, 7.00%, 07/15/32 |
45 | 47,267 | ||||||
Williams Companies Inc. (The) |
||||||||
4.65%, 08/15/32 (Call 05/15/32) |
90 | 81,086 | ||||||
8.75%, 03/15/32 |
40 | 46,001 | ||||||
|
|
|||||||
495,667 | ||||||||
Real Estate Investment Trusts — 7.5% | ||||||||
Alexandria Real Estate Equities Inc., 2.00%, 05/18/32 (Call 02/18/32) |
85 | 61,368 | ||||||
American Homes 4 Rent LP, 3.63%, 04/15/32 (Call 01/15/32) |
60 | 48,455 | ||||||
American Tower Corp., 4.05%, 03/15/32 (Call 12/15/31)(a) |
60 | 51,350 | ||||||
AvalonBay Communities Inc., 2.05%, 01/15/32 (Call 10/15/31) |
65 | 49,492 | ||||||
Boston Properties LP, 2.55%, 04/01/32 (Call 01/01/32) |
75 | 54,016 | ||||||
CubeSmart LP, 2.50%, 02/15/32 (Call 11/15/31) |
45 | 33,016 | ||||||
Equinix Inc., 3.90%, 04/15/32 (Call 01/15/32) |
105 | 88,498 | ||||||
Essex Portfolio LP, 2.65%, 03/15/32 (Call 12/15/31) |
60 | 45,556 | ||||||
Extra Space Storage LP, 2.35%, 03/15/32 (Call 12/15/31) |
55 | 39,797 | ||||||
GLP Capital LP/GLP Financing II Inc., 3.25%, 01/15/32 (Call 10/15/31) |
70 | 51,880 | ||||||
Invitation Homes Operating Partnership LP, 4.15%, 04/15/32 (Call 01/15/32) |
55 | 45,755 | ||||||
Kilroy Realty LP, 2.50%, 11/15/32 (Call 08/15/32) |
40 | 27,790 | ||||||
Kimco Realty Corp., 3.20%, 04/01/32 (Call 01/01/32) |
55 | 43,783 | ||||||
Piedmont Operating Partnership LP, 2.75%, 04/01/32 (Call 01/01/32) |
20 | 13,804 | ||||||
Prologis LP, 2.25%, 01/15/32 |
30 | 22,653 | ||||||
Realty Income Corp. |
||||||||
2.85%, 12/15/32 (Call 09/15/32) |
60 | 46,940 | ||||||
5.63%, 10/13/32 |
30 | 29,376 | ||||||
Safehold Operating Partnership LP, 2.85%, 01/15/32 |
30 | 21,947 | ||||||
Simon Property Group LP |
||||||||
2.25%, 01/15/32 (Call 10/15/31) |
65 | 47,554 | ||||||
2.65%, 02/01/32 |
60 | 45,611 | ||||||
Spirit Realty LP, 2.70%, 02/15/32 (Call 11/15/31) |
35 | 24,769 | ||||||
Sun Communities Operating LP, 4.20%, 04/15/32 (Call 01/15/32) |
55 | 45,400 | ||||||
UDR Inc., 2.10%, 08/01/32 (Call 05/01/32) |
40 | 28,246 |
96 |
2 0 2 2 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) October 31, 2022 |
iShares® iBonds® Dec 2032 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) |
||||||||
VICI Properties LP, 5.13%, 05/15/32 (Call 02/15/32) |
$ | 130 | $ | 115,244 | ||||
Welltower Inc. |
||||||||
2.75%, 01/15/32 (Call 10/15/31) |
45 | 34,004 | ||||||
3.85%, 06/15/32 (Call 03/15/32) |
30 | 24,831 | ||||||
Weyerhaeuser Co., 7.38%, 03/15/32 |
60 | 63,859 | ||||||
WP Carey Inc., 2.45%, 02/01/32 (Call 11/01/31) |
35 | 25,628 | ||||||
|
|
|||||||
1,230,622 | ||||||||
Retail — 5.8% | ||||||||
Advance Auto Parts Inc., 3.50%, 03/15/32 (Call 12/15/31) |
30 | 23,735 | ||||||
AutoNation Inc., 3.85%, 03/01/32 (Call 12/01/31) |
60 | 46,804 | ||||||
AutoZone Inc., 4.75%, 08/01/32 (Call 05/01/32) |
45 | 41,961 | ||||||
Costco Wholesale Corp., 1.75%, 04/20/32 (Call 01/20/32) |
105 | 80,524 | ||||||
Dick’s Sporting Goods Inc., 3.15%, 01/15/32 (Call 10/15/31)(a) |
65 | 49,298 | ||||||
Dollar General Corp., 5.00%, 11/01/32 (Call 08/01/32) |
25 | 23,847 | ||||||
Genuine Parts Co., 2.75%, 02/01/32 (Call 11/01/31) |
40 | 31,015 | ||||||
Home Depot Inc. (The) |
||||||||
3.25%, 04/15/32 (Call 01/15/32)(a) |
130 | 112,004 | ||||||
4.50%, 09/15/32 (Call 06/15/32) |
150 | 142,185 | ||||||
Lowe’s Companies Inc., 3.75%, 04/01/32 (Call 01/01/32) |
130 | 112,160 | ||||||
McDonald’s Corp., 4.60%, 09/09/32 (Call 06/09/32) |
25 | 23,742 | ||||||
O’Reilly Automotive Inc., 4.70%, 06/15/32 (Call 03/15/32) |
75 | 70,159 | ||||||
Starbucks
Corp., 3.00%, 02/14/32 (Call |
90 | 74,521 | ||||||
Target Corp. |
||||||||
4.50%, 09/15/32 (Call 06/15/32) |
75 | 70,692 | ||||||
6.35%, 11/01/32 |
25 | 26,618 | ||||||
Walmart Inc., 4.15%, 09/09/32 (Call 06/09/32) |
20 | 18,935 | ||||||
|
|
|||||||
948,200 | ||||||||
Semiconductors — 5.3% | ||||||||
Advanced Micro Devices Inc., 3.92%, 06/01/32 (Call 03/01/32) |
45 | 40,175 | ||||||
Broadcom Inc. |
||||||||
4.15%, 04/15/32 (Call 01/15/32)(b) |
110 | 92,281 | ||||||
4.30%, 11/15/32 (Call 08/15/32) |
160 | 135,018 | ||||||
Intel Corp. |
||||||||
4.00%, 12/15/32 |
65 | 57,336 | ||||||
4.15%, 08/05/32 (Call 05/05/32)(a) |
100 | 89,442 | ||||||
KLA Corp., 4.65%, 07/15/32 (Call 04/15/32) |
90 | 85,419 | ||||||
Micron Technology Inc., 2.70%, 04/15/32 (Call 01/15/32) |
90 | 65,929 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 2.65%, 02/15/32 (Call 11/15/31) |
95 | 70,858 | ||||||
QUALCOMM Inc. |
||||||||
1.65%, 05/20/32 (Call 02/20/32) |
105 | 78,948 | ||||||
4.25%, 05/20/32 (Call 02/20/32) |
50 | 46,952 | ||||||
Texas Instruments Inc., 3.65%, 08/16/32 (Call 05/16/32) |
30 | 26,891 | ||||||
TSMC Arizona Corp., 4.25%, 04/22/32 (Call 01/22/32) |
90 | 80,369 | ||||||
|
|
|||||||
869,618 | ||||||||
Software — 1.1% | ||||||||
Fidelity National Information Services Inc., 5.10%, 07/15/32 (Call 04/15/32) |
60 | 56,447 | ||||||
Take-Two Interactive Software Inc., 4.00%, 04/14/32 (Call 01/14/32) |
50 | 43,098 | ||||||
Workday Inc., 3.80%, 04/01/32 (Call 01/01/32) |
90 | 76,981 | ||||||
|
|
|||||||
176,526 |
Security | Par/ Shares (000) |
Value | ||||||
Telecommunications — 5.7% |
||||||||
AT&T Inc., 2.25%, 02/01/32 (Call 11/01/31) |
$ | 225 | $ | 169,232 | ||||
Bell Telephone Co. of Canada or Bell Canada (The), Series US-5, 2.15%, 02/15/32 (Call 11/15/31) |
55 | 41,413 | ||||||
Deutsche Telekom International Finance BV, 9.25%, 06/01/32 |
45 | 54,400 | ||||||
Motorola Solutions Inc., 5.60%, 06/01/32 (Call 03/01/32) |
50 | 47,080 | ||||||
Rogers Communications Inc., 3.80%, 03/15/32 (Call 12/15/31)(b) |
180 | 153,108 | ||||||
TELUS Corp., 3.40%, 05/13/32 (Call 02/13/32) |
80 | 65,650 | ||||||
T-Mobile USA Inc., 2.70%, 03/15/32 |
90 | 70,425 | ||||||
Verizon Communications Inc., 2.36%, 03/15/32 (Call 12/15/31) |
385 | 291,518 | ||||||
Vodafone Group PLC, 6.25%, 11/30/32 |
45 | 44,413 | ||||||
|
|
|||||||
937,239 | ||||||||
Transportation — 1.5% | ||||||||
Canadian National Railway Co., 3.85%, 08/05/32 (Call 05/05/32) |
25 | 22,579 | ||||||
CSX Corp., 4.10%, 11/15/32 (Call 08/15/32) |
75 | 67,583 | ||||||
Norfolk Southern Corp., 3.00%, 03/15/32 (Call 12/15/31) |
65 | 53,862 | ||||||
Union Pacific Corp., 2.80%, 02/14/32 |
115 | 95,282 | ||||||
|
|
|||||||
239,306 | ||||||||
Trucking & Leasing — 0.2% | ||||||||
GATX Corp., 3.50%, 06/01/32 (Call 03/01/32) |
35 | 27,887 | ||||||
|
|
|||||||
Water — 0.4% | ||||||||
American Water Capital Corp., 4.45%, 06/01/32 (Call 03/01/32) |
70 | 64,750 | ||||||
|
|
|||||||
Total
Long-Term Investments — 98.5% |
16,111,125 | |||||||
|
|
|||||||
Short-Term Securities |
||||||||
Money Market Funds — 10.0% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 3.29%(c)(d)(e) |
1,615 | 1,614,258 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 2.97%(c)(d) |
30 | 30,000 | ||||||
|
|
|||||||
Total
Short-Term Securities — 10.0% |
1,644,258 | |||||||
|
|
|||||||
Total
Investments — 108.5% |
17,755,383 | |||||||
Liabilities in Excess of Other Assets — (8.5)% |
(1,394,479 | ) | ||||||
|
|
|||||||
Net Assets — 100.0% |
$ | 16,360,904 | ||||||
|
|
(a) |
All or a portion of this security is on loan. |
(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) |
Affiliate of the Fund. |
(d) |
Annualized 7-day yield as of period end. |
(e) |
All or a portion of this security was purchased with the cash collateral from loaned securities. |
S C H E D U L E O F I N V E S T M E N T S |
97 |
Schedule of Investments (continued) October 31, 2022 |
iShares® iBonds® Dec 2032 Term Corporate ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended October 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer |
Value at 06/28/22(a) |
Purchases at Cost |
Proceeds from Sale |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/22 |
Shares Held at 10/31/22 |
Income | Capital
Gain Distributions from Underlying Funds |
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BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | — | $ | 1,615,008 | (b) | $ | — | $ | (251 | ) | $ | (499 | ) | $ | 1,614,258 | 1,615 | $ | 1,115 | (c) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
— | 30,000 | (b) | — | — | — | 30,000 | 30 | 753 | — | ||||||||||||||||||||||||||
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$ | (251 | ) | $ | (499 | ) | $ | 1,644,258 | $ | 1,868 | $ | — | |||||||||||||||||||||||||
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(a) |
Commencement of operations. |
(b) |
Represents net amount purchased (sold). |
(c) |
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 | |||||||||||||
Investments |
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Assets |
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Corporate Bonds & Notes |
$ | — | $ | 16,111,125 | $ | — | $ | 16,111,125 | ||||||||
Money Market Funds |
1,644,258 | — | — | 1,644,258 | ||||||||||||
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$ | 1,644,258 | $ | 16,111,125 | $ | — | $ | 17,755,383 | |||||||||
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See notes to financial statements.
98 |
2 0 2 2 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 |
Statements of Assets and Liabilities
October 31, 2022
iShares |
iShares |
iShares iBonds Dec 2024 |
iShares |
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ASSETS |
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Investments, at value — unaffiliated(a)(b) |
$ | 569,029,569 | $ | 1,894,685,059 | $ | 1,933,676,186 | $ | 1,459,192,969 | ||||||||
Investments, at value — affiliated(c) |
779,109,317 | 359,383,583 | 99,026,694 | 119,212,366 | ||||||||||||
Cash |
47,310 | 113,324 | 10,629 | 1,707 | ||||||||||||
Receivables: |
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Investments sold |
9,079,996 | 754,787 | — | 8,440,633 | ||||||||||||
Securities lending income — affiliated |
64,043 | 63,038 | 25,916 | 25,034 | ||||||||||||
Capital shares sold |
— | — | 164,166 | 23,232 | ||||||||||||
Dividends — affiliated |
1,618,614 | 136,662 | 26,606 | 12,750 | ||||||||||||
Interest — unaffiliated |
6,909,252 | 14,457,143 | 15,518,783 | 13,095,831 | ||||||||||||
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Total assets |
1,365,858,101 | 2,269,593,596 | 2,048,448,980 | 1,600,004,522 | ||||||||||||
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LIABILITIES |
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Collateral on securities loaned, at value |
32,212,834 | 293,085,931 | 90,188,931 | 112,755,823 | ||||||||||||
Payables: |
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Investments purchased |
— | — | 4,024,929 | 8,432,945 | ||||||||||||
Capital shares redeemed |
46,560 | — | — | — | ||||||||||||
Investment advisory fees |
66,170 | 160,921 | 161,124 | 123,581 | ||||||||||||
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Total liabilities |
32,325,564 | 293,246,852 | 94,374,984 | 121,312,349 | ||||||||||||
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NET ASSETS |
$ | 1,333,532,537 | $ | 1,976,346,744 | $ | 1,954,073,996 | $ | 1,478,692,173 | ||||||||
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NET ASSETS CONSIST OF |
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Paid-in capital |
$ | 1,332,363,183 | $ | 2,010,110,425 | $ | 2,046,613,150 | $ | 1,587,954,683 | ||||||||
Accumulated earnings (loss) |
1,169,354 | (33,763,681 | ) | (92,539,154 | ) | (109,262,510 | ) | |||||||||
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NET ASSETS |
$ | 1,333,532,537 | $ | 1,976,346,744 | $ | 1,954,073,996 | $ | 1,478,692,173 | ||||||||
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NET ASSETVALUE |
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Shares outstanding |
53,200,000 | 79,300,000 | 80,500,000 | 61,500,000 | ||||||||||||
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Net asset value |
$ | 25.07 | $ | 24.92 | $ | 24.27 | $ | 24.04 | ||||||||
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Shares authorized |
Unlimited | Unlimited | Unlimited | Unlimited | ||||||||||||
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Par value |
None | None | None | None | ||||||||||||
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(a) Investments, at cost — unaffiliated |
$ | 569,823,054 | $ | 1,929,869,198 | $ | 2,023,569,658 | $ | 1,565,520,711 | ||||||||
(b) Securities loaned, at value |
$ | 10,441,161 | $ | 283,732,116 | $ | 87,143,956 | $ | 109,054,182 | ||||||||
(c) Investments, at cost — affiliated |
$ | 779,095,732 | $ | 359,404,717 | $ | 99,018,777 | $ | 119,203,118 |
See notes to financial statements.
F I N A N C I A L S T A T E M E N T S |
99 |
Statements of Assets and Liabilities (continued)
October 31, 2022
iShares |
iShares |
iShares iBonds Dec 2028 Term ETF |
iShares iBonds Dec 2029 Term ETF |
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ASSETS |
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Investments, at value — unaffiliated(a)(b) |
$ | 1,222,228,932 | $ | 870,512,926 | $ | 545,608,088 | $ | 277,137,806 | ||||||||
Investments, at value — affiliated(c) |
59,689,169 | 90,473,217 | 39,698,990 | 28,182,990 | ||||||||||||
Cash |
1,816 | 329 | 5,471 | 9,235 | ||||||||||||
Receivables: |
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Investments sold |
1,308,912 | 1,105,722 | 276,153 | 2,414,280 | ||||||||||||
Securities lending income — affiliated |
10,526 | 27,044 | 7,868 | 7,103 | ||||||||||||
Capital shares sold |
277,223 | 175,993 | 24,163 | 15,894 | ||||||||||||
Dividends — affiliated |
10,284 | 10,158 | 4,359 | 3,950 | ||||||||||||
Interest — unaffiliated |
9,840,333 | 8,189,429 | 5,354,940 | 2,844,212 | ||||||||||||
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Total assets |
1,293,367,195 | 970,494,818 | 590,980,032 | 310,615,470 | ||||||||||||
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LIABILITIES |
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Collateral on securities loaned, at value |
52,975,945 | 86,160,941 | 37,815,477 | 27,135,947 | ||||||||||||
Payables: |
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Investments purchased |
3,831,859 | 2,402,827 | 24,163 | 616,284 | ||||||||||||
Investment advisory fees |
100,775 | 73,000 | 47,238 | 26,798 | ||||||||||||
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Total liabilities |
56,908,579 | 88,636,768 | 37,886,878 | 27,779,029 | ||||||||||||
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NET ASSETS |
$ | 1,236,458,616 | $ | 881,858,050 | $ | 553,093,154 | $ | 282,836,441 | ||||||||
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NET ASSETS CONSIST OF |
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Paid-in capital |
$ | 1,360,188,502 | $ | 978,811,749 | $ | 618,263,905 | $ | 322,964,140 | ||||||||
Accumulated loss |
(123,729,886 | ) | (96,953,699 | ) | (65,170,751 | ) | (40,127,699 | ) | ||||||||
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NET ASSETS |
$ | 1,236,458,616 | $ | 881,858,050 | $ | 553,093,154 | $ | 282,836,441 | ||||||||
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NET ASSETVALUE |
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Shares outstanding |
53,950,000 | 38,650,000 | 23,400,000 | 13,100,000 | ||||||||||||
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Net asset value |
$ | 22.92 | $ | 22.82 | $ | 23.64 | $ | 21.59 | ||||||||
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Shares authorized |
Unlimited | Unlimited | Unlimited | Unlimited | ||||||||||||
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Par value |
None | None | None | None | ||||||||||||
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(a) Investments, at cost — unaffiliated |
$ | 1,343,560,252 | $ | 961,729,495 | $ | 608,257,717 | $ | 314,083,332 | ||||||||
(b) Securities loaned, at value |
$ | 51,594,591 | $ | 83,328,067 | $ | 36,569,867 | $ | 26,174,452 | ||||||||
(c) Investments, at cost — affiliated |
$ | 59,686,572 | $ | 90,477,615 | $ | 39,698,965 | $ | 28,183,662 |
See notes to financial statements.
100 |
2 0 2 2 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 |
Statements of Assets and Liabilities (continued)
October 31, 2022
iShares iBonds Dec ETF |
iShares iBonds Dec ETF |
iShares |
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ASSETS |
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Investments, at value — unaffiliated(a)(b) |
$ | 181,585,306 | $ | 101,794,820 | $ | 16,111,125 | ||||||
Investments, at value — affiliated(c) |
23,735,064 | 11,869,184 | 1,644,258 | |||||||||
Cash |
4,690 | — | 6,271 | |||||||||
Receivables: |
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Investments sold |
1,101,144 | 504,911 | 43,103 | |||||||||
Securities lending income — affiliated |
4,694 | 4,164 | 570 | |||||||||
Capital shares sold |
— | — | 25,468 | |||||||||
Dividends — affiliated |
3,472 | 926 | 123 | |||||||||
Interest — unaffiliated |
1,690,519 | 914,145 | 171,847 | |||||||||
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Total assets |
208,124,889 | 115,088,150 | 18,002,765 | |||||||||
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LIABILITIES |
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Bank overdraft |
— | 1,348 | — | |||||||||
Collateral on securities loaned, at value |
22,188,247 | 11,812,423 | 1,615,008 | |||||||||
Payables: |
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Investments purchased |
733,802 | — | 25,468 | |||||||||
Capital shares redeemed |
— | 1,263 | — | |||||||||
Investment advisory fees |
15,551 | 9,698 | 1,385 | |||||||||
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Total liabilities |
22,937,600 | 11,824,732 | 1,641,861 | |||||||||
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NET ASSETS |
$ | 185,187,289 | $ | 103,263,418 | $ | 16,360,904 | ||||||
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NET ASSETS CONSIST OF |
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Paid-in capital |
$ | 218,283,804 | $ | 117,602,693 | $ | 17,522,853 | ||||||
Accumulated loss |
(33,096,515 | ) | (14,339,275 | ) | (1,161,949 | ) | ||||||
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NET ASSETS |
$ | 185,187,289 | $ | 103,263,418 | $ | 16,360,904 | ||||||
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NET ASSET VALUE |
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Shares outstanding |
9,200,000 | 5,350,000 | 700,000 | |||||||||
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Net asset value |
$ | 20.13 | $ | 19.30 | $ | 23.37 | ||||||
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Shares authorized |
Unlimited | Unlimited | Unlimited | |||||||||
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Par value |
None | None | None | |||||||||
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(a) Investments, at cost — unaffiliated |
$ | 213,854,748 | $ | 115,933,914 | $ | 17,315,101 | ||||||
(b) Securities loaned, at value |
$ | 21,448,024 | $ | 11,414,318 | $ | 1,559,265 | ||||||
(c) Investments, at cost — affiliated |
$ | 23,737,460 | $ | 11,869,961 | $ | 1,644,757 |
See notes to financial statements.
F I N A N C I A L S T A T E M E N T S |
101 |
Year Ended October 31, 2022
iShares iBonds Dec ETF |
iShares iBonds Dec ETF |
iShares iBonds Dec ETF |
iShares iBonds Dec ETF |
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INVESTMENT INCOME |
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Dividends — affiliated |
$ | 2,891,592 | $ | 319,982 | $ | 95,873 | $ | 51,338 | ||||||||
Interest — unaffiliated |
21,952,095 | 30,721,356 | 32,971,306 | 27,787,310 | ||||||||||||
Securities lending income — affiliated — net |
347,948 | 375,976 | 216,153 | 167,937 | ||||||||||||
Other income — unaffiliated |
— | 3,610 | — | 33,840 | ||||||||||||
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Total investment income |
25,191,635 | 31,420,924 | 33,283,332 | 28,040,425 | ||||||||||||
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EXPENSES |
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Investment advisory |
1,500,878 | 1,734,234 | 1,665,134 | 1,310,660 | ||||||||||||
Professional |
217 | 217 | 217 | 217 | ||||||||||||
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Total expenses |
1,501,095 | 1,734,451 | 1,665,351 | 1,310,877 | ||||||||||||
Less: |
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Investment advisory fees waived |
(138,013 | ) | (23,562 | ) | (7,259 | ) | (5,125 | ) | ||||||||
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Total expenses after fees waived |
1,363,082 | 1,710,889 | 1,658,092 | 1,305,752 | ||||||||||||
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Net investment income |
23,828,553 | 29,710,035 | 31,625,240 | 26,734,673 | ||||||||||||
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REALIZED AND UNREALIZED GAIN (LOSS) |
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Net realized gain (loss) from: |
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Investments — unaffiliated |
(29,950 | ) | (491,913 | ) | (2,420,207 | ) | (4,956,709 | ) | ||||||||
Investments — affiliated |
(40,150 | ) | (48,478 | ) | (30,776 | ) | (26,970 | ) | ||||||||
In-kind redemptions — unaffiliated(a) |
636,816 | 821,940 | (523,808 | ) | (2,876,196 | ) | ||||||||||
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566,716 | 281,549 | (2,974,791 | ) | (7,859,875 | ) | |||||||||||
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Net change in unrealized appreciation (depreciation) on: |
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Investments — unaffiliated |
(11,085,597 | ) | (60,717,131 | ) | (117,923,581 | ) | (127,285,115 | ) | ||||||||
Investments — affiliated |
(15,371 | ) | (48,371 | ) | (9,407 | ) | (10,866 | ) | ||||||||
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(11,100,968 | ) | (60,765,502 | ) | (117,932,988 | ) | (127,295,981 | ) | |||||||||
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Net realized and unrealized loss |
(10,534,252 | ) | (60,483,953 | ) | (120,907,779 | ) | (135,155,856 | ) | ||||||||
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NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS |
$ | 13,294,301 | $ | (30,773,918 | ) | $ | (89,282,539 | ) | $ | (108,421,183 | ) | |||||
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(a) |
See Note 2 of the Notes to Financial Statements. |
See notes to financial statements.
102 |
2 0 2 2 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 |
Statements of Operations (continued)
Year Ended October 31, 2022
iShares iBonds Dec ETF |
iShares iBonds Dec ETF |
iShares iBonds Dec ETF |
iShares iBonds Dec ETF |
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INVESTMENT INCOME |
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Dividends — affiliated |
$ | 40,527 | $ | 34,683 | $ | 17,044 | $ | 16,147 | ||||||||
Interest — unaffiliated |
24,115,519 | 18,661,228 | 12,506,820 | 7,158,188 | ||||||||||||
Securities lending income — affiliated — net |
110,487 | 177,943 | 47,781 | 44,874 | ||||||||||||
Other income — unaffiliated |
933 | 78,886 | 774 | 297 | ||||||||||||
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Total investment income |
24,267,466 | 18,952,740 | 12,572,419 | 7,219,506 | ||||||||||||
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EXPENSES |
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Investment advisory |
1,026,567 | 670,524 | 395,343 | 218,615 | ||||||||||||
Professional |
217 | 217 | 217 | — | ||||||||||||
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Total expenses |
1,026,784 | 670,741 | 395,560 | 218,615 | ||||||||||||
Less: |
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Investment advisory fees waived |
(2,513 | ) | (2,067 | ) | (829 | ) | (891 | ) | ||||||||
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Total expenses after fees waived |
1,024,271 | 668,674 | 394,731 | 217,724 | ||||||||||||
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Net investment income |
23,243,195 | 18,284,066 | 12,177,688 | 7,001,782 | ||||||||||||
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REALIZED AND UNREALIZED GAIN (LOSS) |
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Net realized gain (loss) from: |
||||||||||||||||
Investments — unaffiliated |
(2,073,043 | ) | (5,868,315 | ) | (3,214,796 | ) | (3,757,639 | ) | ||||||||
Investments — affiliated |
(37,624 | ) | (40,155 | ) | (11,393 | ) | (9,110 | ) | ||||||||
In-kind redemptions — unaffiliated(a) |
(3,474,751 | ) | (410,228 | ) | (227,941 | ) | (3,355,982 | ) | ||||||||
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(5,585,418 | ) | (6,318,698 | ) | (3,454,130 | ) | (7,122,731 | ) | |||||||||
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Net change in unrealized appreciation (depreciation) on: |
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Investments — unaffiliated |
(136,157,054 | ) | (100,104,246 | ) | (70,368,795 | ) | (38,334,680 | ) | ||||||||
Investments — affiliated |
(7,561 | ) | (12,202 | ) | (4,291 | ) | (2,263 | ) | ||||||||
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(136,164,615 | ) | (100,116,448 | ) | (70,373,086 | ) | (38,336,943 | ) | |||||||||
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Net realized and unrealized loss |
(141,750,033 | ) | (106,435,146 | ) | (73,827,216 | ) | (45,459,674 | ) | ||||||||
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NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (118,506,838 | ) | $ | (88,151,080 | ) | $ | (61,649,528 | ) | $ | (38,457,892 | ) | ||||
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|
(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 |
103 |
Statements of Operations (continued)
Year Ended October 31, 2022
iShares iBonds Dec ETF |
iShares iBonds Dec ETF |
iShares |
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|
||||||||||||
INVESTMENT INCOME |
||||||||||||
Dividends — affiliated |
$ | 9,650 | $ | 4,602 | $ | 753 | ||||||
Interest — unaffiliated |
4,220,093 | 2,251,005 | 248,861 | |||||||||
Securities lending income — affiliated — net |
27,860 | 13,724 | 1,115 | |||||||||
Other income — unaffiliated |
229 | 110 | 7,302 | |||||||||
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|
|
|
|
|
|||||||
Total investment income |
4,257,832 | 2,269,441 | 258,031 | |||||||||
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|
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|
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EXPENSES |
||||||||||||
Investment advisory |
150,130 | 59,419 | 5,095 | |||||||||
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|
|
|
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Total expenses |
150,130 | 59,419 | 5,095 | |||||||||
Less: |
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Investment advisory fees waived |
(522 | ) | (225 | ) | (12 | ) | ||||||
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|
|
|
|||||||
Total expenses after fees waived |
149,608 | 59,194 | 5,083 | |||||||||
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|
|
|
|
|
|||||||
Net investment income |
4,108,224 | 2,210,247 | 252,948 | |||||||||
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|
|
|
|
|
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REALIZED AND UNREALIZED GAIN (LOSS) |
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Net realized gain (loss) from: |
||||||||||||
Investments — unaffiliated |
(1,264,930 | ) | (649,740 | ) | (27,755 | ) | ||||||
Investments — affiliated |
(10,076 | ) | (2,462 | ) | (251 | ) | ||||||
In-kind redemptions — unaffiliated(b) |
(2,357,470 | ) | (1,060,457 | ) | — | |||||||
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|
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|
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(3,632,476 | ) | (1,712,659 | ) | (28,006 | ) | |||||||
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|
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|
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Net change in unrealized appreciation (depreciation) on: |
||||||||||||
Investments — unaffiliated |
(30,543,620 | ) | (13,983,913 | ) | (1,203,976 | ) | ||||||
Investments — affiliated |
(2,396 | ) | (777 | ) | (499 | ) | ||||||
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|
|
|
|
|
|||||||
(30,546,016 | ) | (13,984,690 | ) | (1,204,475 | ) | |||||||
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|
|
|
|
|
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Net realized and unrealized loss |
(34,178,492 | ) | (15,697,349 | ) | (1,232,481 | ) | ||||||
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|
|
|
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|
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NET DECREASE IN NET ASSETS RESULTING FROM OPERATIONS |
$ | (30,070,268 | ) | $ | (13,487,102 | ) | $ | (979,533 | ) | |||
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|
|
|
|
|
(a) |
For the period from June 28, 2022 (commencement of operations) to October 31, 2022. |
(b) |
See Note 2 of the Notes to Financial Statements. |
See notes to financial statements.
104 |
2 0 2 2 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 |
Statements of Changes in Net Assets
iShares iBonds Dec 2022 Term Corporate ETF |
iShares iBonds Dec 2023 Term Corporate ETF |
|||||||||||||||
Year Ended 10/31/22 |
Year Ended 10/31/21 |
Year Ended 10/31/22 |
Year Ended 10/31/21 |
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|
||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||
OPERATIONS |
||||||||||||||||
Net investment income |
$ | 23,828,553 | $ | 25,856,563 | $ | 29,710,035 | $ | 27,729,325 | ||||||||
Net realized gain |
566,716 | 5,836,853 | 281,549 | 6,483,286 | ||||||||||||
Net change in unrealized appreciation (depreciation) |
(11,100,968 | ) | (24,344,146 | ) | (60,765,502 | ) | (24,749,443 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in net assets resulting from operations |
13,294,301 | 7,349,270 | (30,773,918 | ) | 9,463,168 | |||||||||||
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|
|
|
|
|
|
|||||||||
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||
Decrease in net assets resulting from distributions to shareholders |
(25,538,071 | ) | (26,878,634 | ) | (33,412,700 | ) | (28,379,197 | ) | ||||||||
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|
|
|
|
|
|
|||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||
Net increase (decrease) in net assets derived from capital share transactions |
(232,810,868 | ) | 178,335,129 | 374,059,008 | 378,694,260 | |||||||||||
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|
|
|
|
|
|
|||||||||
NET ASSETS |
||||||||||||||||
Total increase (decrease) in net assets |
(245,054,638 | ) | 158,805,765 | 309,872,390 | 359,778,231 | |||||||||||
Beginning of year |
1,578,587,175 | 1,419,781,410 | 1,666,474,354 | 1,306,696,123 | ||||||||||||
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|
|
|
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|
|||||||||
End of year |
$ | 1,333,532,537 | $ | 1,578,587,175 | $ | 1,976,346,744 | $ | 1,666,474,354 | ||||||||
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|
|
|
|
|
|
|
(a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
F I N A N C I A L S T A T E M E N T S |
105 |
Statements of Changes in Net Assets (continued)
iShares iBonds Dec 2024 Term Corporate ETF |
iShares iBonds Dec 2025 Term Corporate ETF |
|||||||||||||||
Year Ended 10/31/22 |
Year Ended 10/31/21 |
Year Ended 10/31/22 |
Year Ended 10/31/21 |
|||||||||||||
|
||||||||||||||||
INCREASE (DECREASE) IN NET ASSETS |
||||||||||||||||
OPERATIONS |
||||||||||||||||
Net investment income |
$ | 31,625,240 | $ | 24,228,083 | $ | 26,734,673 | $ | 20,433,172 | ||||||||
Net realized gain (loss) |
(2,974,791 | ) | 5,165,635 | (7,859,875 | ) | 2,546,969 | ||||||||||
Net change in unrealized appreciation (depreciation) |
(117,932,988 | ) | (20,730,262 | ) | (127,295,981 | ) | (20,630,453 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
Net increase (decrease) in net assets resulting from operations |
(89,282,539 | ) | 8,663,456 | (108,421,183 | ) | 2,349,688 | ||||||||||
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|
|
|
|
|
|
|
|||||||||
DISTRIBUTIONS TO SHAREHOLDERS(a) |
||||||||||||||||
Decrease in net assets resulting from distributions to shareholders |
(30,641,920 | ) | (24,776,110 | ) | (27,936,378 | ) | (21,101,206 | ) | ||||||||
|
|
|
|
|
|
|
|
|||||||||
CAPITAL SHARE TRANSACTIONS |
||||||||||||||||
Net increase in net assets derived from capital share transactions |
569,682,147 | 485,551,282 | 358,919,259 | 429,517,243 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
NET ASSETS |
||||||||||||||||
Total increase in net assets |
449,757,688 | 469,438,628 | 222,561,698 | 410,765,725 | ||||||||||||
Beginning of year |
1,504,316,308 | 1,034,877,680 | 1,256,130,475 | 845,364,750 | ||||||||||||
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|
|
|
|
|
|
|||||||||
End of year |
$ | 1,954,073,996 | $ | 1,504,316,308 | $ | 1,478,692,173 | $ | 1,256,130,475 | ||||||||
|
|
|
|
|
|
|
|
(a) |
Distributions for annual periods determined in accordance with U.S. federal income tax regulations. |
See notes to financial statements.
106 |
2 0 2 2 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 |