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OCTOBER 31, 2021 |
2021 Annual Report |
iShares Trust
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iShares iBonds Dec 2021 Term Corporate ETF | IBDM | NYSE Arca |
· |
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 |
Dear Shareholder,
The 12-month reporting period as of October 31, 2021 was a remarkable period of adaptation and recovery, as the global economy dealt with the implications of the coronavirus (or “COVID-19”) pandemic. The United States began the reporting period as the initial reopening-led economic rebound was beginning to slow. Nonetheless, the economy continued to grow at a solid pace for the reporting period, eventually regaining the output lost from the pandemic. However, a rapid rebound in consumer spending pushed up against supply constraints and led to elevated inflation.
Equity prices rose with the broader economy, as the implementation of mass vaccination campaigns and passage of two additional fiscal stimulus packages further boosted stocks, and many equity indices neared or surpassed all-time highs late in the reporting period. In the United States, returns of small-capitalization stocks, which benefited the most from the resumption of in-person activities, outpaced large-capitalization stocks. International equities also gained, as both developed and emerging markets continued to recover from the effects of the pandemic.
The 10-year U.S. Treasury yield (which is inversely related to bond prices) had fallen sharply prior to the beginning of the reporting period, which meant bonds were priced for extreme risk avoidance and economic disruption. Despite expectations of doom and gloom, the economy expanded rapidly, stoking inflation concerns in early 2021, which led to higher yields and a negative overall return for most U.S. Treasuries. In the corporate bond market, support from the U.S. Federal Reserve (the “Fed”) assuaged credit concerns and led to solid returns for high-yield corporate bonds, outpacing investment-grade corporate bonds.
The Fed remained committed to accommodative monetary policy by maintaining near-zero interest rates and by reiterating that inflation could exceed its 2% target for a sustained period without triggering a rate increase. In response to rising inflation late in the period, the Fed changed its market guidance, raising the possibility of higher rates in 2022 and reducing bond purchasing beginning in late 2021.
Looking ahead, we believe that the global expansion will continue to broaden as Europe and other developed market economies gain momentum, although the Delta variant of the coronavirus remains a threat, particularly in emerging markets. While we expect inflation to remain elevated in the medium-term as the expansion continues, we believe the recent uptick owes more to temporary supply disruptions than a lasting change in fundamentals. The change in Fed policy also means that moderate inflation is less likely to be followed by interest rate hikes that could threaten the economic expansion.
Overall, we favor a moderately positive stance toward risk, with an overweight in equities. Sectors that are better poised to manage the transition to a lower-carbon world, such as technology and health care, are particularly attractive in the long-term. U.S. small-capitalization stocks and European equities are likely to benefit from the continuing vaccine-led restart, while Chinese equities stand to gain from a more accommodative monetary and fiscal environment as the Chinese economy slows. We are underweight long-term credit, but inflation-protected U.S. Treasuries, Asian fixed income, and emerging market local-currency bonds offer potential opportunities. We believe that international diversification and a focus on sustainability can help provide portfolio resilience, and the disruption created by the coronavirus appears to be accelerating the shift toward sustainable investments.
In this environment, our view is that investors need to think globally, extend their scope across a broad array of asset classes, and be nimble as market conditions change. We encourage you to talk with your financial advisor and visit iShares.com for further insight about investing in today’s markets.
Sincerely,
Rob Kapito
President, BlackRock, Inc.
Rob Kapito
President, BlackRock, Inc.
Total Returns as of October 31, 2021
| ||||
6-Month | 12-Month | |||
U.S. large cap equities (S&P 500® Index)
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10.91% | 42.91% | ||
U.S. small cap equities (Russell 2000® Index)
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1.85 | 50.80 | ||
International equities (MSCI Europe, Australasia, Far East Index)
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4.14 | 34.18 | ||
Emerging market equities (MSCI Emerging Markets Index)
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(4.87) | 16.96 | ||
3-month Treasury bills (ICE BofA 3-Month U.S. Treasury Bill Index)
|
0.01 | 0.06 | ||
U.S. Treasury securities (ICE BofA 10-Year U.S. Treasury Index) |
1.59 | (4.77) | ||
U.S. investment grade bonds (Bloomberg U.S. Aggregate Bond Index)
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1.06 | (0.48) | ||
Tax-exempt municipal bonds (S&P Municipal Bond Index)
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0.33 | 2.76 | ||
U.S. high yield bonds (Bloomberg U.S. Corporate High Yield 2% Issuer Capped Index)
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2.36 | 10.53 | ||
Past performance is not an indication of future results. Index performance is shown for illustrative purposes only. You cannot invest directly in an index. |
2 |
T H I S P A G E I S N O T P A R T O F Y O U R F U N D R E P O R T |
Table of Contents
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2 | ||||
4 | ||||
5 | ||||
26 | ||||
26 | ||||
27 | ||||
Financial Statements |
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99 | ||||
102 | ||||
105 | ||||
111 | ||||
122 | ||||
134 | ||||
135 | ||||
136 | ||||
144 | ||||
145 | ||||
147 |
iShares Trust
U.S. Corporate Bond Market Overview
U.S. investment-grade corporate bonds advanced for the 12 months ended October 31, 2021 (“reporting period”). The Markit iBoxx USD Liquid Investment Grade Index, a broad measure of U.S. investment-grade corporate bond performance, returned 2.28%.
The U.S. economy continued to recover from the effects of the coronavirus pandemic, growing at a brisk pace during the reporting period. Driven by strong consumer spending and significant fiscal and monetary stimulus, U.S. growth outpaced most other developed economies. An ongoing COVID-19 vaccination program helped accelerate the easing of pandemic-related restrictions, and consumers returned to activities that were previously curtailed, such as travel, restaurant dining, and in-person shopping. Spending on goods also remained elevated, leading imports to rise to an all-time high.
However, this robust consumer demand combined with continued pandemic-related disruptions to the global supply chain led to significantly higher inflation. Similarly, in the labor market, the reopening economy and pent-up demand meant that hiring accelerated, and the unemployment rate fell substantially. Nonetheless, total employment remained notably below pre-pandemic levels and job openings reached a record high despite rising wages. Elevated demand drove an increase in industrial production, although rising commodities prices and supply delays constrained growth, particularly late in the reporting period. The emergence of the highly contagious Delta variant, which was responsible for a significant rise in cases beginning late in summer 2021, also weighed on the economy.
The U.S. Federal Reserve Bank (“Fed”) continued to keep short-term interest rates at near-zero levels and maintained a significant bond-buying program for U.S. Treasuries and mortgage-backed securities, although it discontinued its corporate bond purchasing program. The Fed indicated that it would begin slowing its bond buying activities late in 2021 and signaled that an interest rate increase could be possible in 2022. However, the improving employment environment and a sharp rise in inflation led investors to anticipate a more accelerated tightening of monetary policy. Trading activity showed that investors view multiple interest rate increases as probable in 2022.
Investment-grade bond yields rose only slightly during the reporting period, even as yields rose more quickly on intermediate- and long-term U.S. Treasuries. A narrowing yield spread (the difference between yields on investment-grade corporate bonds and U.S. Treasuries) buoyed the performance of investment grade bonds compared to U.S. Treasuries. Investors’ ongoing search for yield in a low interest rate environment drove the decline in the yield spread and supported investment-grade bond prices. Issuance remained elevated by historical standards, as companies took the opportunity to refinance and lock in low borrowing costs.
From a sector perspective, investment-grade bonds issued by energy companies posted solid returns, supported by rising prices for energy commodities. The prices of oil, natural gas, and coal all increased substantially during the reporting period as the global economic rebound led to higher demand for energy. At the beginning of the pandemic, oil prices declined rapidly, and investment in new projects decreased significantly. As oil prices rose during the reporting period, energy companies issued debt, primarily to refinance at lower borrowing costs.
Bonds issued by financial companies also advanced, as banks remained relatively financially healthy during the pandemic, supported by economic stimulus, strong balance sheets, and diverse revenue streams. Non-bank finance company bonds also gained, including aircraft leasing companies, which benefited from the improving financial environment of their lessees. Consumer non-cyclical company bonds gained as food and beverage companies were able to adjust pricing to increase revenues despite higher costs and supply chain difficulties.
4 |
2 0 2 1 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, 2021 | iShares® iBonds® Dec 2021 Term Corporate ETF |
Investment Objective
The iShares iBonds Dec 2021 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 2021, as represented by the Bloomberg December 2021 Maturity Corporate Index (the “Index”) (formerly the Bloomberg Barclays December 2021 Maturity Corporate 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 |
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Fund NAV |
0.29 | % | 1.99 | % | 2.33 | % | 0.29 | % | 10.34 | % | 16.58 | % | ||||||||||||||||
Fund Market |
0.21 | 1.92 | 2.32 | 0.21 | 9.97 | 16.47 | ||||||||||||||||||||||
Index |
0.40 | 2.10 | 2.47 | 0.40 | 10.93 | 17.59 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 3/10/15. The first day of secondary market trading was 3/12/15.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual |
Hypothetical 5% Return |
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Beginning Account Value (05/01/21) |
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Ending Account Value (10/31/21) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (05/01/21) |
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Ending Account Value (10/31/21) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
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$ 1,000.00 | $ 1,001.00 | $ 0.40 | $ 1,000.00 | $ 1,024.80 | $ 0.41 | 0.08 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
5 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2021 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* |
Percent of Net Assets |
|||
Aaa |
0.1 | % | ||
Aa |
0.4 | |||
A |
13.9 | |||
Baa |
12.4 | |||
Short-Term and Other Assets |
73.2 |
FIVE LARGEST HOLDINGS
Security(a) |
Percent of Net Assets |
|||
Citigroup Inc., 2.90%, 12/08/21 |
3.0 | % | ||
Morgan Stanley, 2.63%, 11/17/21 |
2.8 | |||
General Motors Financial Co. Inc., 4.20%, 11/06/21 |
2.8 | |||
AbbVie Inc., 2.15%, 11/19/21 |
2.7 | |||
Eastman Chemical Co., 3.50%, 12/01/21 |
2.2 |
* |
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. |
6 |
2 0 2 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2022 Maturity Corporate 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 |
0.52 | % | 2.54 | % | 2.94 | % | 0.52 | % | 13.35 | % | 21.26 | % | ||||||||||||||||
Fund Market |
0.36 | 2.45 | 2.93 | 0.36 | 12.87 | 21.18 | ||||||||||||||||||||||
Index |
0.63 | 2.62 | 3.05 | 0.63 | 13.81 | 22.07 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 3/10/15. The first day of secondary market trading was 3/12/15.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual |
Hypothetical 5% Return |
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Beginning Account Value (05/01/21) |
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Ending Account Value (10/31/21) |
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Expenses Paid During the Period |
(a) |
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Beginning Account Value (05/01/21) |
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Ending Account Value (10/31/21) |
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Expenses Paid During the Period |
(a) |
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Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 1,001.10 | $ 0.50 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
7 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2022 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.2 | % | ||
Aa |
10.5 | |||
A |
47.3 | |||
Baa |
34.9 | |||
Ba |
1.1 | |||
Not Rated |
1.8 | |||
Short-Term and Other Assets |
3.2 |
FIVE LARGEST HOLDINGS
Security(a) |
Percent of Net Assets |
|||
Wells Fargo & Co., 3.50%, 03/08/22 |
2.0 | % | ||
Goldman Sachs Group Inc. (The), 5.75%, 01/24/22 |
1.3 | |||
AbbVie Inc., 3.25%, 10/01/22 |
0.9 | |||
JPMorgan Chase & Co., 3.25%, 09/23/22 |
0.9 | |||
AbbVie Inc., 2.90%, 11/06/22 |
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. |
8 |
2 0 2 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2023 Maturity Corporate 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 |
0.72 | % | 3.21 | % | 3.49 | % | 0.72 | % | 17.11 | % | 25.60 | % | ||||||||||||||||
Fund Market |
0.56 | 3.12 | 3.48 | 0.56 | 16.61 | 25.51 | ||||||||||||||||||||||
Index |
0.81 | 3.31 | 3.55 | 0.81 | 17.67 | 26.04 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 3/11/15. The first day of secondary market trading was 3/12/15.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
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Beginning Account Value (05/01/21) |
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Ending Account Value (10/31/21) |
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Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/21) |
|
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Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 999.90 | $ 0.50 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
9 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2023 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.2 | % | ||
Aa |
9.6 | |||
A |
43.8 | |||
Baa |
40.1 | |||
Ba |
0.7 | |||
Not Rated |
1.2 | |||
Short-Term and Other Assets |
3.4 |
FIVE LARGEST HOLDINGS
Security(a) | Percent of Net Assets |
|||
Apple Inc., 2.40%, 05/03/23 |
0.9 | % | ||
Bank of America Corp., 3.30%, 01/11/23 |
0.8 | |||
Dell International LLC/EMC Corp., 5.45%, 06/15/23 |
0.8 | |||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust, 1.15%, 10/29/23 |
0.7 | |||
Natwest Group PLC, 3.88%, 09/12/23 |
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. |
10 |
2 0 2 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2024 Maturity Corporate 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 |
0.90 | % | 3.62 | % | 3.78 | % | 0.90 | % | 19.47 | % | 27.98 | % | ||||||||||||||||
Fund Market |
1.02 | 3.53 | 3.79 | 1.02 | 18.95 | 28.03 | ||||||||||||||||||||||
Index |
1.06 | 3.75 | 3.96 | 1.06 | 20.20 | 29.39 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 3/11/15. The first day of secondary market trading was 3/12/15.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
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Beginning Account Value (05/01/21) |
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Ending Account Value (10/31/21) |
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Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/21) |
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Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 997.60 | $ 0.50 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
11 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2024 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
0.5 | % | ||
Aa |
5.3 | |||
A |
44.2 | |||
Baa |
45.3 | |||
Ba |
1.8 | |||
Not Rated |
1.6 | |||
Short-Term and Other Assets |
1.3 |
FIVE LARGEST HOLDINGS
Security(a) | Percent of Net Assets |
|||
AbbVie Inc., 2.60%, 11/21/24 |
0.8 | % | ||
Morgan Stanley, Series F, 3.88%, 04/29/24 |
0.7 | |||
Credit Suisse AG/New York NY, 3.63%, 09/09/24 |
0.7 | |||
Morgan Stanley, 3.70%, 10/23/24 |
0.7 | |||
Wells Fargo & Co., 3.75%, 01/24/24 |
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. |
12 |
2 0 2 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2025 Maturity Corporate 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 |
0.51 | % | 4.17 | % | 4.22 | % | 0.51 | % | 22.64 | % | 31.56 | % | ||||||||||||||||
Fund Market |
0.44 | 4.09 | 4.22 | 0.44 | 22.21 | 31.57 | ||||||||||||||||||||||
Index |
0.62 | 4.19 | 4.28 | 0.62 | 22.78 | 32.07 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 3/11/15. The first day of secondary market trading was 3/12/15.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 998.10 | $ 0.50 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
13 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2025 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
0.9 | % | ||
Aa |
6.8 | |||
A |
35.1 | |||
Baa |
52.6 | |||
Ba |
1.8 | |||
Not Rated |
1.5 | |||
Short-Term and Other Assets |
1.3 |
FIVE LARGEST HOLDINGS
Security(a) | Percent of Net Assets |
|||
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.91%, 07/23/25 |
0.9 | % | ||
AbbVie Inc., 3.60%, 05/14/25 |
0.9 | |||
Oracle Corp., 2.95%, 05/15/25 |
0.8 | |||
Visa Inc., 3.15%, 12/14/25 |
0.7 | |||
Boeing Co. (The), 4.88%, 05/01/25 |
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 1 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, 2021 |
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”) (formerly the Bloomberg Barclays December 2026 Maturity Corporate 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 |
0.29 | % | 4.23 | % | 4.18 | % | 0.29 | % | 23.02 | % | 23.42 | % | ||||||||||||||||
Fund Market |
0.25 | 4.13 | 4.21 | 0.25 | 22.43 | 23.57 | ||||||||||||||||||||||
Index |
0.41 | 4.32 | 4.31 | 0.41 | 23.57 | 24.15 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 9/13/16. The first day of secondary market trading was 9/15/16.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 999.50 | $ 0.50 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
15 |
Fund Summary as of October 31, 2021 (continued) |
iShares® iBonds® Dec 2026 Term Corporate ETF
|
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.2 | % | ||
Aa |
6.2 | |||
A |
36.7 | |||
Baa |
52.0 | |||
Ba |
1.4 | |||
Not Rated |
1.6 | |||
Short-Term and Other Assets |
0.9 |
FIVE LARGEST HOLDINGS
Security(a) | Percent of Net Assets |
|||
Dell International LLC/EMC Corp., 6.02%, 06/15/26 |
1.0 | % | ||
Microsoft Corp., 2.40%, 08/08/26 |
0.8 | |||
AbbVie Inc., 2.95%, 11/21/26 |
0.8 | |||
Morgan Stanley, 3.88%, 01/27/26 |
0.7 | |||
Goldman Sachs Group Inc. (The), 3.50%, 11/16/26 |
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. |
16 |
2 0 2 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2027 Maturity Corporate 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 |
1.01 | % | 4.82 | % | 1.01 | % | 21.50 | % | ||||||||||||
Fund Market |
0.97 | 4.85 | 0.97 | 21.64 | ||||||||||||||||
Index |
1.17 | 4.89 | 1.17 | 21.81 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 9/12/17. The first day of secondary market trading was 9/14/17.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 1,002.50 | $ 0.50 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
17 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2027 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
1.5 | % | ||
Aa |
5.6 | |||
A |
32.0 | |||
Baa |
57.5 | |||
Ba |
0.4 | |||
Not Rated |
1.7 | |||
Short-Term and Other Assets |
1.3 |
FIVE LARGEST HOLDINGS
Security(a) | Percent of Net Assets |
|||
Citigroup Inc., 4.45%, 09/29/27 |
1.2 | % | ||
T-Mobile USA Inc., 3.75%, 04/15/27 |
1.1 | |||
BAT Capital Corp., 3.56%, 08/15/27 |
1.0 | |||
Amazon.com Inc., 3.15%, 08/22/27 |
1.0 | |||
Microsoft Corp., 3.30%, 02/06/27 |
0.9 |
* |
Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
(a) |
Excludes money market funds. |
18 |
2 0 2 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2028 Maturity Corporate 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 |
1.09 | % | 7.59 | % | 1.09 | % | 25.64 | % | ||||||||||||
Fund Market |
0.91 | 7.59 | 0.91 | 25.64 | ||||||||||||||||
Index |
1.19 | 7.62 | 1.19 | 25.74 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 9/18/18. The first day of secondary market trading was 9/20/18.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 1,013.40 | $ 0.51 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
19 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2028 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
0.4 | % | ||
Aa |
3.7 | |||
A |
28.8 | |||
Baa |
62.3 | |||
Ba |
2.1 | |||
Not Rated |
1.4 | |||
Short-Term and Other Assets |
1.3 |
FIVE LARGEST HOLDINGS
Security(a) | Percent of Net Assets |
|||
Verizon Communications Inc., 4.33%, 09/21/28 |
1.5 | % | ||
Comcast Corp., 4.15%, 10/15/28 |
1.4 | |||
Cigna Corp., 4.38%, 10/15/28 |
1.4 | |||
Vodafone Group PLC, 4.38%, 05/30/28 |
1.1 | |||
Raytheon Technologies Corp., 4.13%, 11/16/28 |
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 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2029 Maturity Corporate 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 |
0.78 | % | 5.18 | % | 0.78 | % | 11.32 | % | ||||||||||||
Fund Market |
0.77 | 5.25 | 0.77 | 11.48 | ||||||||||||||||
Index |
0.94 | 5.21 | 0.94 | 11.37 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 9/17/19. The first day of secondary market trading was 9/19/19.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 1,017.40 | $ 0.51 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
21 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2029 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
0.0 | %(a) | ||
Aa |
3.5 | |||
A |
33.1 | |||
Baa |
57.0 | |||
Ba |
3.0 | |||
Not Rated |
2.2 | |||
Short-Term and Other Assets |
1.2 |
FIVE LARGEST HOLDINGS
Security(b) | Percent of Net Assets |
|||
AbbVie Inc., 3.20%, 11/21/29 |
1.7 | % | ||
Anheuser-Busch InBev Worldwide Inc., 4.75%, 01/23/29 |
1.4 | |||
Verizon Communications Inc., 4.02%, 12/03/29 |
1.4 | |||
International Business Machines Corp., 3.50%, 05/15/29 |
1.3 | |||
Bristol-Myers Squibb Co., 3.40%, 07/26/29 |
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) |
Rounds to less than 0.1%. |
(b) |
Excludes money market funds. |
22 |
2 0 2 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2030 Maturity Corporate 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 |
0.36 | % | 1.75 | % | 0.36 | % | 2.39 | % | ||||||||||||
Fund Market |
0.47 | 1.90 | 0.47 | 2.59 | ||||||||||||||||
Index |
0.43 | 1.74 | 0.43 | 2.36 |
GROWTH OF $10,000 INVESTMENT
(SINCE INCEPTION AT NET ASSET VALUE)
The inception date of the Fund was 6/23/20. The first day of secondary market trading was 6/25/20.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(a) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 1,019.40 | $ 0.51 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (184 days) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
F U N D S U M M A R Y |
23 |
Fund Summary as of October 31, 2021 (continued) | iShares® iBonds® Dec 2030 Term Corporate ETF |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | Percent of Net Assets |
|||
Aaa |
0.4 | % | ||
Aa |
5.4 | |||
A |
30.4 | |||
Baa |
60.7 | |||
Ba |
0.8 | |||
Not Rated |
1.4 | |||
Short-Term and Other Assets |
0.9 |
FIVE LARGEST HOLDINGS
Security(a) | Percent of Net Assets |
|||
T-Mobile USA Inc., 3.88%, 04/15/30 |
1.6 | % | ||
Deutsche Telekom International Finance BV, 8.75%, 06/15/30 |
1.2 | |||
Boeing Co. (The), 5.15%, 05/01/30 |
1.2 | |||
AT&T Inc., 4.30%, 02/15/30 |
0.9 | |||
British Telecommunications PLC, 9.63%, 12/15/30 |
0.9 |
* |
Credit quality ratings shown reflect the ratings assigned by Moody’s Investors Service (“Moody’s”), a widely used independent, nationally recognized statistical rating organization. Moody’s credit ratings are opinions of the credit quality of individual obligations or of an issuer’s general creditworthiness. Investment grade ratings are credit ratings of Baa or higher. Below investment grade ratings are credit ratings of Ba or lower. Unrated investments do not necessarily indicate low credit quality. Credit quality ratings are subject to change. |
(a) |
Excludes money market funds. |
24 |
2 0 2 1 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, 2021 | 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”) (formerly the Bloomberg Barclays December 2031 Maturity Corporate 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 |
0.16 | % | ||||
Fund Market |
0.28 | |||||
Index |
0.01 |
For the fiscal period ended 10/31/21, the Fund did not have six months of performance and therefore line graphs are not presented.
The inception date of the Fund was 6/22/21. The first day of secondary market trading was 6/24/21.
Past performance is no guarantee of future results. Performance results do not reflect the deduction of taxes that a shareholder would pay on fund distributions or on the redemption or sale of fund shares. See “About Fund Performance” on page 26 for more information.
Expense Example
Actual | Hypothetical 5% Return | |||||||||||||||||||||||||||||
|
|
|
|
|||||||||||||||||||||||||||
|
Beginning Account Value (06/22/21)(a) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(b) |
|
Beginning Account Value (05/01/21) |
|
|
Ending Account Value (10/31/21) |
|
|
Expenses Paid During the Period |
(b) |
|
Annualized Expense Ratio |
| ||||||||||
$ 1,000.00 | $ 1,001.60 | $ 0.36 | $ 1,000.00 | $ 1,024.70 | $ 0.51 | 0.10 | % |
(a) |
The beginning of the period (commencement of operations) is June 22, 2021. |
(b) |
Expenses are calculated using the Fund’s annualized expense ratio (as disclosed in the table), multiplied by the average account value for the period, multiplied by the number of days in the period (131 days for actual and 184 days for hypothetical expenses) and divided by the number of days in the year (365 days). Other fees, such as brokerage commissions and other fees to financial intermediaries, may be paid which are not reflected in the tables and examples above. See “Shareholder Expenses” on page 26 for more information. |
Portfolio Information
ALLOCATION BY CREDIT QUALITY
Moody’s Credit Ratings* | |
Percent of Net Assets |
| |
Aa |
4.1 | % | ||
A |
28.3 | |||
Baa |
60.6 | |||
Ba |
3.6 | |||
Not Rated |
2.4 | |||
Short-Term and Other Assets |
1.0 |
FIVE LARGEST HOLDINGS
Security(a) | Percent of Net Assets |
|||
Verizon Communications Inc., 2.55%, 03/21/31 |
2.2 | % | ||
Orange SA, 9.00%, 03/01/31 |
1.5 | |||
AT&T Inc., 2.75%, 06/01/31 |
1.5 | |||
T-Mobile USA Inc., 2.55%, 02/15/31 |
1.4 | |||
Sumitomo Mitsui Financial Group Inc., 2.22%, 09/17/31 |
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. |
F U N D S U M M A R Y |
25 |
About Fund Performance |
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 by 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.
As a shareholder of your Fund, you incur two types of costs: (1) transaction costs, including brokerage commissions on purchases and sales of fund shares and (2) ongoing costs, including management fees and other fund expenses. The expense example, which is based on an investment of $1,000 invested at the beginning of the period (or from the commencement of operations if less than 6 months) and held through the end of the period, is intended to help you understand your ongoing costs (in dollars and cents) of investing in your Fund and to compare these costs with the ongoing costs of investing in other funds.
Actual Expenses – The table provides information about actual account values and actual expenses. Annualized expense ratios reflect contractual and voluntary fee waivers, if any. To estimate the expenses that you paid on your account over the period, simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number under the heading entitled “Expenses Paid During the Period.”
Hypothetical Example for Comparison Purposes – The table also provides information about hypothetical account values and hypothetical expenses based on your Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.
Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as brokerage commissions and other fees paid on purchases and sales of fund shares. Therefore, the hypothetical examples are useful in comparing ongoing costs only and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.
26 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2021 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Agriculture — 0.2% | ||||||||
Philip Morris International Inc., 2.90%, 11/15/21 |
$ | 1,934 | $ | 1,935,818 | ||||
|
|
|||||||
Auto Manufacturers — 3.0% | ||||||||
American Honda Finance Corp., 3.38%, 12/10/21 |
2,098 | 2,104,923 | ||||||
General Motors Financial Co. Inc., 4.20%, 11/06/21(a) |
34,492 | 34,505,452 | ||||||
|
|
|||||||
36,610,375 | ||||||||
Banks — 10.9% | ||||||||
Australia & New Zealand Banking Group Ltd./New York NY, 2.55%, 11/23/21 |
3,864 | 3,869,255 | ||||||
BPCE SA, 2.75%, 12/02/21(a) |
18,469 | 18,507,970 | ||||||
Citigroup
Inc., 2.90%, 12/08/21 |
37,118 | 37,134,332 | ||||||
Credit Suisse AG/New York NY, 2.10%, 11/12/21 |
19,446 | 19,455,917 | ||||||
KeyBank N.A./Cleveland OH, 2.50%, 11/22/21 |
3,658 | 3,662,499 | ||||||
Morgan Stanley, 2.63%, 11/17/21 |
34,687 | 34,722,034 | ||||||
National Australia Bank Ltd./New York, 3.70%, 11/04/21 |
472 | 472,090 | ||||||
PNC
Bank N.A., 2.55%, 12/09/21 |
4,879 | 4,881,244 | ||||||
Santander Holdings USA Inc., 4.45%, 12/03/21 (Call 11/29/21) |
10,153 | 10,182,850 | ||||||
Santander UK PLC, 3.75%, 11/15/21(a) |
593 | 593,735 | ||||||
|
|
|||||||
133,481,926 | ||||||||
Chemicals — 2.2% | ||||||||
Air Products and Chemicals Inc., 3.00%, 11/03/21(a) |
169 | 169,000 | ||||||
Eastman Chemical Co., 3.50%, 12/01/21 |
26,481 | 26,546,938 | ||||||
|
|
|||||||
26,715,938 | ||||||||
Cosmetics & Personal Care — 0.1% | ||||||||
Procter & Gamble Co. (The), 1.70%, 11/03/21 |
1,218 | 1,218,000 | ||||||
|
|
|||||||
Electric — 2.0% | ||||||||
American Electric Power Co. Inc., Series I, 3.65%, 12/01/21 |
5,749 | 5,763,488 | ||||||
Public Service Enterprise Group Inc., 2.00%, 11/15/21 (Call 11/09/21) |
6,001 | 6,002,980 | ||||||
Southern Power Co., Series E, 2.50%, 12/15/21 (Call 11/15/21) |
11,589 | 11,598,271 | ||||||
Wisconsin Public Service Corp., 3.35%, 11/21/21 |
1,616 | 1,618,683 | ||||||
|
|
|||||||
24,983,422 | ||||||||
Electrical Components & Equipment — 0.2% | ||||||||
Emerson
Electric Co., 2.63%, 12/01/21 |
1,961 | 1,961,000 | ||||||
|
|
|||||||
Electronics — 0.4% | ||||||||
Honeywell International Inc., 1.85%, 11/01/21 |
4,587 | 4,587,000 | ||||||
|
|
|||||||
Food — 0.1% | ||||||||
Kroger Co. (The), 2.95%, 11/01/21(a) |
1,299 | 1,299,000 | ||||||
|
|
|||||||
Health Care - Services — 0.3% | ||||||||
UnitedHealth
Group Inc. |
3,544 | 3,555,128 | ||||||
3.38%, 11/15/21 |
546 | 546,601 | ||||||
|
|
|||||||
4,101,729 | ||||||||
Household Products & Wares — 0.0% | ||||||||
Clorox Co. (The), 3.80%, 11/15/21 |
414 | 414,517 | ||||||
|
|
Security | Par/ Shares (000) |
Value | ||||||
Insurance — 0.1% | ||||||||
Prudential Financial Inc., 4.50%, 11/16/21(a) |
$ | 1,497 | $ | 1,499,470 | ||||
|
|
|||||||
Internet — 1.1% | ||||||||
Alibaba Group Holding Ltd., 3.13%, 11/28/21 |
12,842 | 12,865,501 | ||||||
|
|
|||||||
Mining — 0.1% | ||||||||
BHP Billiton Finance USA Ltd., 3.25%, 11/21/21 |
1,784 | 1,786,837 | ||||||
|
|
|||||||
Oil & Gas — 0.2% | ||||||||
TotalEnergies Capital SA, 4.25%, 12/15/21 |
2,094 | 2,103,988 | ||||||
|
|
|||||||
Pharmaceuticals — 5.1% | ||||||||
AbbVie
Inc. |
32,660 | 32,689,394 | ||||||
3.38%, 11/14/21 |
13,260 | 13,272,862 | ||||||
Johnson & Johnson, 2.45%, 12/05/21 |
1,216 | 1,218,566 | ||||||
Pfizer Inc., 2.20%, 12/15/21 |
15,262 | 15,298,018 | ||||||
|
|
|||||||
62,478,840 | ||||||||
Retail — 0.2% | ||||||||
Lowe’s Companies Inc., 3.80%, 11/15/21(a) |
2,338 | 2,340,899 | ||||||
|
|
|||||||
Savings & Loans — 0.1% | ||||||||
First Niagara Financial Group Inc., 7.25%, 12/15/21(a) |
1,137 | 1,146,187 | ||||||
|
|
|||||||
Software — 0.5% | ||||||||
Roper Technologies Inc., 2.80%, 12/15/21 (Call 11/15/21) |
6,019 | 6,024,237 | ||||||
|
|
|||||||
Total
Corporate Bonds & Notes — 26.8% |
327,554,684 | |||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 70.8% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(b)(c)(d) |
3,903 | 3,905,076 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(b)(c) |
861,338 | 861,338,000 | ||||||
|
|
|||||||
865,243,076 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 70.8% |
865,243,076 | |||||||
|
|
|||||||
Total
Investments in Securities — 97.6% |
1,192,797,760 | |||||||
Other Assets, Less Liabilities — 2.4% |
29,217,657 | |||||||
|
|
|||||||
Net Assets — 100.0% |
$ | 1,222,015,417 | ||||||
|
|
(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. |
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, 2021 |
iShares® iBonds® Dec 2021 Term Corporate ETF
|
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value
at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value
at 10/31/21 |
Shares Held at 10/31/21 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 77,147,141 | $ | — | $ | (73,227,465 | )(a) | $ | 29,581 | $ | (44,181 | ) | $ | 3,905,076 | 3,903 | $ | 119,919 | (b) | $ | — | ||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
95,658,000 | 765,680,000 | (a) | — | — | — | 861,338,000 | 861,338 | 41,470 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | 29,581 | $ | (44,181 | ) | $ | 865,243,076 | $ | 161,389 | $ | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 |
$ | — | $ | 327,554,684 | $ | — | $ | 327,554,684 | ||||||||
Money Market Funds |
865,243,076 | — | — | 865,243,076 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 865,243,076 | $ | 327,554,684 | $ | — | $ | 1,192,797,760 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
28 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2022 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Aerospace & Defense — 0.5% |
||||||||
Boeing
Co. (The) |
$ | 644 | $ | 646,402 | ||||
2.70%, 05/01/22(a) |
2,874 | 2,905,039 | ||||||
General
Dynamics Corp., 2.25%, 11/15/22 |
4,352 | 4,413,102 | ||||||
|
|
|||||||
7,964,543 | ||||||||
Agriculture — 1.4% | ||||||||
Altria Group Inc., 2.85%, 08/09/22(a) |
4,155 | 4,230,164 | ||||||
BAT
Capital Corp., 2.76%, 08/15/22 |
3,359 | 3,407,638 | ||||||
Bunge
Ltd. Finance Corp., 3.00%, 09/25/22 |
4,395 | 4,482,549 | ||||||
Philip
Morris International Inc. |
3,772 | 3,825,487 | ||||||
2.50%, 08/22/22 |
3,377 | 3,434,409 | ||||||
2.50%, 11/02/22 (Call 10/02/22) |
1,644 | 1,676,222 | ||||||
2.63%, 02/18/22 (Call 01/18/22)(a) |
1,684 | 1,691,999 | ||||||
|
|
|||||||
22,748,468 | ||||||||
Airlines — 0.1% | ||||||||
Southwest
Airlines Co., 2.75%, 11/16/22 |
1,144 | 1,166,903 | ||||||
|
|
|||||||
Apparel — 0.5% |
||||||||
Ralph Lauren Corp., 1.70%, 06/15/22(a) |
2,855 | 2,878,611 | ||||||
Tapestry Inc., 3.00%, 07/15/22 (Call 06/15/22)(a) |
1,291 | 1,307,873 | ||||||
VF Corp., 2.05%, 04/23/22(a) |
3,572 | 3,598,862 | ||||||
|
|
|||||||
7,785,346 | ||||||||
Auto Manufacturers — 4.0% | ||||||||
American
Honda Finance Corp. |
2,215 | 2,214,845 | ||||||
1.95%, 05/20/22 |
1,888 | 1,904,992 | ||||||
2.20%, 06/27/22 |
2,611 | 2,642,959 | ||||||
2.60%, 11/16/22 |
2,611 | 2,667,711 | ||||||
General
Motors Financial Co. Inc. |
5,003 | 5,077,344 | ||||||
3.45%, 01/14/22 (Call 12/14/21) |
4,176 | 4,190,658 | ||||||
3.45%, 04/10/22 (Call 02/10/22) |
4,954 | 4,994,325 | ||||||
3.55%, 07/08/22(a) |
5,417 | 5,526,802 | ||||||
PACCAR
Financial Corp. |
905 | 918,204 | ||||||
2.30%, 08/10/22(a) |
1,018 | 1,033,321 | ||||||
2.65%, 05/10/22(a) |
1,945 | 1,969,332 | ||||||
2.85%, 03/01/22(a) |
735 | 741,255 | ||||||
Toyota Motor Corp., 2.16%, 07/02/22 |
1,971 | 1,994,948 | ||||||
Toyota
Motor Credit Corp. |
5,624 | 5,625,181 | ||||||
0.45%, 07/22/22 |
2,566 | 2,567,334 | ||||||
1.15%, 05/26/22(a) |
5,022 | 5,045,001 | ||||||
2.15%, 09/08/22(a) |
3,570 | 3,623,836 | ||||||
2.60%, 01/11/22(a) |
3,370 | 3,385,199 | ||||||
2.65%, 04/12/22(a) |
2,539 | 2,564,771 | ||||||
2.80%, 07/13/22 |
1,550 | 1,576,830 | ||||||
3.30%, 01/12/22 |
2,897 | 2,914,034 | ||||||
|
|
|||||||
63,178,882 | ||||||||
Banks — 29.1% | ||||||||
Australia &
New Zealand Banking Group Ltd./New York NY |
3,281 | 3,337,433 | ||||||
2.63%, 05/19/22(a) |
2,195 | 2,223,030 | ||||||
2.63%, 11/09/22(a) |
4,373 | 4,473,317 | ||||||
Banco Santander SA, 3.50%, 04/11/22 |
3,912 | 3,963,208 | ||||||
Bank of America Corp., 5.70%, 01/24/22 |
3,835 | 3,881,979 |
Security |
Par (000) |
Value | ||||||
Banks (continued) |
||||||||
Bank
of Montreal |
$ | 2,146 | $ | 2,181,945 | ||||
2.35%, 09/11/22(a) |
6,473 | 6,584,983 | ||||||
2.55%, 11/06/22 (Call 10/06/22)(a) |
3,660 | 3,733,712 | ||||||
2.90%, 03/26/22(a) |
5,587 | 5,644,658 | ||||||
Bank
of New York Mellon Corp. (The) |
3,859 | 3,909,669 | ||||||
2.60%, 02/07/22 (Call 01/07/22) |
3,798 | 3,814,255 | ||||||
Bank
of Nova Scotia (The) |
3,858 | 3,922,081 | ||||||
2.45%, 09/19/22(a) |
5,458 | 5,565,304 | ||||||
2.70%, 03/07/22(a) |
5,145 | 5,187,601 | ||||||
Barclays
Bank PLC, 1.70%, 05/12/22 |
7,533 | 7,579,479 | ||||||
BBVA USA, 2.88%, 06/29/22 (Call 05/29/22)(a) |
2,863 | 2,905,344 | ||||||
Canadian Imperial Bank of Commerce, 2.55%, 06/16/22(a) |
4,637 | 4,701,593 | ||||||
Capital
One N.A. |
95 | 96,255 | ||||||
2.65%, 08/08/22 (Call 07/08/22) |
285 | 289,472 | ||||||
Citigroup
Inc. |
8,529 | 8,703,503 | ||||||
2.75%, 04/25/22 (Call 03/25/22)(a) |
8,445 | 8,526,579 | ||||||
4.05%, 07/30/22 |
3,133 | 3,215,492 | ||||||
4.50%, 01/14/22 |
7,074 | 7,130,875 | ||||||
Citizens
Bank N.A./Providence RI |
2,048 | 2,071,306 | ||||||
3.25%, 02/14/22 (Call 01/14/22) |
2,301 | 2,314,898 | ||||||
Cooperatieve
Rabobank U.A |
8,475 | 8,555,004 | ||||||
3.95%, 11/09/22 |
5,807 | 6,003,567 | ||||||
Cooperatieve Rabobank UA/NY, 2.75%, 01/10/22 |
1,260 | 1,265,305 | ||||||
Credit Suisse AG/New York NY, 2.80%, 04/08/22(a) |
5,784 | 5,844,616 | ||||||
Credit Suisse Group Funding Guernsey Ltd., 3.80%, 09/15/22 |
9,404 | 9,670,885 | ||||||
Deutsche
Bank AG/New York NY |
4,268 | 4,382,169 | ||||||
Series D, 5.00%, 02/14/22(a) |
4,083 | 4,133,670 | ||||||
Fifth
Third Bancorp |
3,102 | 3,137,890 | ||||||
3.50%, 03/15/22 (Call 02/15/22)(a) |
1,862 | 1,879,298 | ||||||
First
Republic Bank/CA, 2.50%, 06/06/22 |
1,929 | 1,950,354 | ||||||
Goldman Sachs Group Inc. (The), 5.75%, 01/24/22(a) |
19,798 | 20,044,089 | ||||||
HSBC Holdings PLC, 4.00%, 03/30/22(a) |
3,896 | 3,955,570 | ||||||
Huntington Bancshares Inc./OH, 2.30%, 01/14/22 (Call 12/14/21) |
3,161 | 3,168,428 | ||||||
Huntington
National Bank (The) |
2,086 | 2,116,831 | ||||||
3.13%, 04/01/22 (Call 03/01/22) |
1,927 | 1,945,306 | ||||||
ING Groep NV, 3.15%, 03/29/22(a) |
5,177 | 5,235,086 | ||||||
JPMorgan
Chase & Co. |
13,239 | 13,583,346 | ||||||
4.50%, 01/24/22(a) |
7,589 | 7,660,944 | ||||||
KeyBank
N.A./Cleveland OH |
5,107 | 5,195,096 | ||||||
2.40%, 06/09/22 |
2,526 | 2,557,550 | ||||||
3.18%, 05/22/22(a) |
1,137 | 1,155,147 | ||||||
3.30%, 02/01/22(a) |
1,871 | 1,885,201 | ||||||
Lloyds Bank PLC, 2.25%, 08/14/22 |
1,058 | 1,073,891 | ||||||
Lloyds Banking Group PLC, 3.00%, 01/11/22 |
6,213 | 6,244,935 | ||||||
Manufacturers & Traders Trust Co., 2.50%, 05/18/22 (Call 04/18/22)(a) |
2,946 | 2,975,195 |
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, 2021 |
iShares® iBonds® Dec 2022 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Banks (continued) |
||||||||
Mitsubishi
UFJ Financial Group Inc. |
$ | 8,415 | $ | 8,546,190 | ||||
2.67%, 07/25/22 |
7,755 | 7,881,406 | ||||||
3.00%, 02/22/22(a) |
3,172 | 3,198,201 | ||||||
3.22%, 03/07/22 |
6,673 | 6,737,995 | ||||||
Mizuho
Financial Group Inc. |
5,772 | 5,878,032 | ||||||
2.95%, 02/28/22 |
5,752 | 5,800,144 | ||||||
Morgan
Stanley |
11,327 | 11,475,723 | ||||||
4.88%, 11/01/22 |
7,701 | 8,027,291 | ||||||
MUFG Americas Holdings Corp., 3.50%, 06/18/22 |
630 | 641,586 | ||||||
MUFG
Union Bank N.A. |
4,975 | 5,056,640 | ||||||
3.15%, 04/01/22 (Call 03/01/22)(a) |
3,327 | 3,358,939 | ||||||
National
Australia Bank Ltd./New York |
2,092 | 2,127,397 | ||||||
2.50%, 05/22/22(a) |
3,292 | 3,332,821 | ||||||
2.80%, 01/10/22(a) |
2,995 | 3,009,616 | ||||||
Natwest Group PLC, 6.13%, 12/15/22 |
3,180 | 3,364,122 | ||||||
Northern Trust Corp., 2.38%, 08/02/22(a) |
2,289 | 2,322,145 | ||||||
PNC
Bank N.A. |
2,711 | 2,749,090 | ||||||
2.63%, 02/17/22 (Call 01/18/22)(a) |
3,632 | 3,649,869 | ||||||
2.70%, 11/01/22 (Call 10/01/22) |
4,514 | 4,605,228 | ||||||
PNC
Financial Services Group Inc. (The) |
2,101 | 2,152,201 | ||||||
3.30%, 03/08/22 (Call 02/06/22) |
2,392 | 2,410,801 | ||||||
Royal
Bank of Canada |
4,047 | 4,072,091 | ||||||
2.80%, 04/29/22(a) |
4,421 | 4,475,467 | ||||||
Santander
Holdings USA Inc., 3.70%, 03/28/22 |
3,300 | 3,332,670 | ||||||
Skandinaviska Enskilda Banken AB, 2.80%, 03/11/22(a) |
1,680 | 1,694,532 | ||||||
Sumitomo Mitsui Banking Corp., 3.20%, 07/18/22(a) |
3,402 | 3,469,394 | ||||||
Sumitomo
Mitsui Financial Group Inc. |
5,053 | 5,138,446 | ||||||
2.78%, 10/18/22 |
5,740 | 5,867,428 | ||||||
2.85%, 01/11/22 |
3,168 | 3,183,460 | ||||||
Synchrony
Bank, 3.00%, 06/15/22 |
3,012 | 3,052,210 | ||||||
Synovus
Financial Corp., 3.13%, 11/01/22 |
1,703 | 1,737,162 | ||||||
Toronto-Dominion Bank (The), 1.90%, 12/01/22 |
5,993 | 6,087,210 | ||||||
Truist
Bank |
3,717 | 3,768,295 | ||||||
2.63%, 01/15/22 (Call 12/15/21)(a) |
2,209 | 2,215,185 | ||||||
2.80%, 05/17/22 (Call 04/17/22)(a) |
5,128 | 5,185,793 | ||||||
Truist
Financial Corp. |
3,658 | 3,671,425 | ||||||
2.75%, 04/01/22 (Call 03/01/22)(a) |
3,800 | 3,829,944 | ||||||
3.05%, 06/20/22 (Call 05/20/22)(a) |
7,727 | 7,842,364 | ||||||
3.95%, 03/22/22 (Call 02/22/22)(a) |
1,140 | 1,152,654 | ||||||
U.S.
Bancorp |
5,379 | 5,465,387 | ||||||
3.00%, 03/15/22 (Call 02/15/22)(a) |
2,950 | 2,973,128 | ||||||
Series V, 2.63%, 01/24/22 (Call 12/23/21) |
6,397 | 6,418,558 | ||||||
U.S.
Bank N.A./Cincinnati OH |
2,647 | 2,652,850 | ||||||
2.65%, 05/23/22 (Call 04/22/22)(a) |
3,203 | 3,238,745 |
Security | Par (000) |
Value | ||||||
Banks (continued) |
||||||||
Wells
Fargo & Co. |
$ | 2,150 | $ | 2,185,432 | ||||
3.50%, 03/08/22(a) |
30,708 | 31,046,709 | ||||||
Westpac
Banking Corp. |
4,124 | 4,183,179 | ||||||
2.80%, 01/11/22(a) |
3,506 | 3,523,320 | ||||||
|
|
|||||||
459,365,819 | ||||||||
Beverages — 1.0% | ||||||||
Beam
Suntory Inc., 3.25%, 05/15/22 |
829 | 835,798 | ||||||
Diageo
Investment Corp. |
4,093 | 4,146,168 | ||||||
8.00%, 09/15/22(a) |
303 | 322,937 | ||||||
Molson Coors Beverage Co., 3.50%, 05/01/22(a) |
1,442 | 1,464,092 | ||||||
PepsiCo
Inc. |
2,471 | 2,491,361 | ||||||
2.75%, 03/05/22 |
4,021 | 4,054,214 | ||||||
3.10%, 07/17/22 (Call 05/17/22)(a) |
2,692 | 2,734,614 | ||||||
|
|
|||||||
16,049,184 | ||||||||
Biotechnology — 1.4% | ||||||||
Amgen
Inc. |
5,347 | 5,401,967 | ||||||
2.70%, 05/01/22 (Call 03/01/22)(a) |
1,942 | 1,956,759 | ||||||
3.63%, 05/15/22 (Call 02/15/22)(a) |
2,406 | 2,427,438 | ||||||
Biogen Inc., 3.63%, 09/15/22(a) |
6,134 | 6,302,685 | ||||||
Gilead
Sciences Inc. |
1,785 | 1,792,319 | ||||||
3.25%, 09/01/22 (Call 07/01/22)(a) |
3,926 | 4,000,044 | ||||||
|
|
|||||||
21,881,212 | ||||||||
Chemicals — 1.2% | ||||||||
Cabot Corp., 3.70%, 07/15/22 |
604 | 616,744 | ||||||
Celanese U.S. Holdings LLC, 4.63%, 11/15/22(a) |
2,011 | 2,090,696 | ||||||
Eastman
Chemical Co., 3.60%, 08/15/22 |
2,948 | 2,995,257 | ||||||
FMC Corp., 3.95%, 02/01/22 (Call 11/29/21) |
235 | 235,613 | ||||||
Linde
Inc./CT |
1,835 | 1,853,332 | ||||||
2.45%, 02/15/22 (Call 11/15/21)(a) |
2,246 | 2,247,774 | ||||||
Mosaic
Co. (The), 3.25%, 11/15/22 |
4,099 | 4,199,672 | ||||||
NewMarket Corp., 4.10%, 12/15/22 |
939 | 972,673 | ||||||
Nutrien Ltd., 3.15%, 10/01/22 (Call 07/01/22) |
3,093 | 3,147,622 | ||||||
RPM
International Inc., 3.45%, 11/15/22 |
1,072 | 1,095,080 | ||||||
|
|
|||||||
19,454,463 | ||||||||
Commercial Services — 1.0% | ||||||||
Block
Financial LLC, 5.50%, 11/01/22 |
2,074 | 2,121,163 | ||||||
Cintas
Corp. No. 2 |
2,193 | 2,211,334 | ||||||
3.25%, 06/01/22 (Call 03/01/22) |
450 | 454,316 | ||||||
Equifax Inc., 3.30%, 12/15/22 (Call 09/15/22) |
2,191 | 2,241,590 | ||||||
Moody’s Corp., 4.50%, 09/01/22 (Call 06/01/22) |
2,165 | 2,213,777 | ||||||
PayPal Holdings Inc., 2.20%, 09/26/22(a) |
4,234 | 4,303,776 | ||||||
Verisk Analytics Inc., 4.13%, 09/12/22 |
1,707 | 1,757,749 | ||||||
|
|
|||||||
15,303,705 | ||||||||
Computers — 4.0% | ||||||||
Apple
Inc. |
3,621 | 3,663,547 | ||||||
2.10%, 09/12/22 (Call 08/12/22)(a) |
6,059 | 6,139,524 | ||||||
2.15%, 02/09/22 |
3,681 | 3,700,141 | ||||||
2.30%, 05/11/22 (Call 04/11/22) |
2,680 | 2,704,066 | ||||||
2.50%, 02/09/22 (Call 01/09/22) |
4,615 | 4,634,845 | ||||||
2.70%, 05/13/22 |
6,181 | 6,259,437 |
30 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2022 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Computers (continued) |
||||||||
Genpact Luxembourg Sarl, 3.70%, 04/01/22 (Call 03/01/22) |
$ | 1,382 | $ | 1,396,041 | ||||
Hewlett Packard Enterprise Co., 4.40%, 10/15/22 (Call 08/15/22) |
5,815 | 5,988,520 | ||||||
HP Inc., 4.05%, 09/15/22 |
4,510 | 4,641,827 | ||||||
International
Business Machines Corp. |
3,560 | 3,599,765 | ||||||
2.50%, 01/27/22(a) |
4,877 | 4,902,994 | ||||||
2.85%, 05/13/22 |
10,359 | 10,500,918 | ||||||
2.88%, 11/09/22 |
4,160 | 4,264,874 | ||||||
|
|
|||||||
62,396,499 | ||||||||
Cosmetics & Personal Care — 0.9% | ||||||||
Colgate-Palmolive Co., 2.25%, 11/15/22(a) |
1,088 | 1,108,215 | ||||||
Procter &
Gamble Co. (The) |
5,269 | 5,345,032 | ||||||
2.30%, 02/06/22 |
2,501 | 2,514,730 | ||||||
Unilever
Capital Corp. |
2,681 | 2,702,475 | ||||||
3.00%, 03/07/22 |
2,101 | 2,120,728 | ||||||
|
|
|||||||
13,791,180 | ||||||||
Diversified Financial Services — 5.0% | ||||||||
AerCap
Ireland Capital DAC/AerCap Global Aviation Trust |
2,160 | 2,189,678 | ||||||
4.63%, 07/01/22 |
1,547 | 1,588,181 | ||||||
Air
Lease Corp. |
2,575 | 2,605,179 | ||||||
3.50%, 01/15/22 |
2,288 | 2,301,659 | ||||||
3.75%, 02/01/22 (Call 12/01/21) |
1,596 | 1,600,229 | ||||||
Ally
Financial Inc. |
1,445 | 1,459,696 | ||||||
4.63%, 05/19/22(a) |
2,110 | 2,156,378 | ||||||
American
Express Co. |
6,353 | 6,440,227 | ||||||
2.65%, 12/02/22 |
6,786 | 6,942,349 | ||||||
2.75%, 05/20/22 (Call 04/20/22) |
4,840 | 4,893,918 | ||||||
American Express Credit Corp., 2.70%, 03/03/22 (Call 01/31/22) |
4,740 | 4,768,867 | ||||||
Ameriprise Financial Inc., 3.00%, 03/22/22(a) |
2,999 | 3,029,830 | ||||||
Capital One Financial Corp., 3.05%, 03/09/22 (Call 02/09/22)(a) |
3,271 | 3,293,635 | ||||||
CME Group Inc., 3.00%, 09/15/22(a) |
3,955 | 4,046,677 | ||||||
Discover
Financial Services |
3,122 | 3,227,243 | ||||||
5.20%, 04/27/22 |
1,330 | 1,360,324 | ||||||
Franklin Resources Inc., 2.80%, 09/15/22(a) |
1,075 | 1,097,661 | ||||||
Intercontinental Exchange Inc., 2.35%, 09/15/22 (Call 08/15/22)(a) |
2,617 | 2,657,066 | ||||||
International Lease Finance Corp., 5.88%, 08/15/22(a) |
3,965 | 4,128,953 | ||||||
Invesco Finance PLC, 3.13%, 11/30/22 |
1,774 | 1,823,583 | ||||||
ORIX Corp., 2.90%, 07/18/22 |
2,944 | 2,991,958 | ||||||
Synchrony Financial, 2.85%, 07/25/22 (Call 06/25/22)(a) |
2,845 | 2,887,419 | ||||||
Visa
Inc. |
3,496 | 3,546,028 | ||||||
2.80%, 12/14/22 (Call 10/14/22) |
7,560 | 7,737,735 | ||||||
|
|
|||||||
78,774,473 | ||||||||
Electric — 6.0% | ||||||||
AEP
Texas Inc., 2.40%, 10/01/22 |
1,615 | 1,639,548 | ||||||
Alabama Power Co., Series 17-A, 2.45%, 03/30/22 (Call 02/28/22) |
1,921 | 1,934,217 | ||||||
Ameren
Illinois Co., 2.70%, 09/01/22 |
1,585 | 1,606,619 |
Security | Par (000) |
Value | ||||||
Electric (continued) |
||||||||
American Electric Power Co. Inc., Series F, 2.95%, 12/15/22 (Call 09/15/22) |
$ | 1,796 | $ | 1,833,070 | ||||
CenterPoint Energy Houston Electric LLC, 2.25%, 08/01/22 (Call 05/01/22) |
710 | 716,660 | ||||||
CenterPoint
Energy Inc., 2.50%, 09/01/22 |
2,656 | 2,695,654 | ||||||
Dominion
Energy Inc. |
1,353 | 1,356,883 | ||||||
Series B, 2.75%, 09/15/22 (Call 06/15/22) |
1,993 | 2,020,663 | ||||||
DTE
Energy Co. |
2,097 | 2,130,930 | ||||||
Series H, 0.55%, 11/01/22 |
2,841 | 2,841,767 | ||||||
Duke Energy Carolinas LLC, 3.35%, 05/15/22(a) |
808 | 821,033 | ||||||
Duke
Energy Corp. |
2,038 | 2,066,593 | ||||||
3.05%, 08/15/22 (Call 05/15/22)(a) |
2,809 | 2,847,315 | ||||||
Duke Energy Progress LLC, 2.80%, 05/15/22 (Call 02/15/22)(a) |
2,040 | 2,054,035 | ||||||
Edison
International |
1,555 | 1,572,898 | ||||||
3.13%, 11/15/22 (Call 10/15/22) |
1,199 | 1,221,613 | ||||||
Entergy Corp., 4.00%, 07/15/22 (Call 05/15/22) |
2,949 | 3,001,256 | ||||||
Eversource Energy, Series K, 2.75%, 03/15/22 (Call 02/15/22) |
3,468 | 3,490,299 | ||||||
Exelon Corp., 3.50%, 06/01/22 (Call 05/01/22) |
4,598 | 4,664,579 | ||||||
Exelon
Generation Co. LLC |
1,163 | 1,172,734 | ||||||
4.25%, 06/15/22 (Call 03/15/22)(a) |
2,180 | 2,210,084 | ||||||
Georgia Power Co., 2.85%, 05/15/22 |
1,627 | 1,648,363 | ||||||
ITC
Holdings Corp., 2.70%, 11/15/22 |
2,598 | 2,648,999 | ||||||
National
Rural Utilities Cooperative Finance Corp. |
1,822 | 1,827,794 | ||||||
2.30%, 09/15/22 (Call 08/15/22)(a) |
3,890 | 3,947,650 | ||||||
2.40%, 04/25/22 (Call 03/25/22) |
1,623 | 1,636,357 | ||||||
3.05%, 02/15/22 (Call 11/15/21) |
939 | 939,948 | ||||||
NextEra
Energy Capital Holdings Inc. |
1,195 | 1,210,033 | ||||||
2.90%, 04/01/22(a) |
5,686 | 5,746,044 | ||||||
Northern States Power Co./MN, 2.15%, 08/15/22 (Call 02/15/22) |
1,245 | 1,251,785 | ||||||
NSTAR
Electric Co., 2.38%, 10/15/22 |
1,604 | 1,626,953 | ||||||
Oncor
Electric Delivery Co. LLC |
1,645 | 1,664,608 | ||||||
7.00%, 09/01/22 |
1,822 | 1,918,020 | ||||||
Pacific
Gas and Electric Co., 1.75%, 06/16/22 |
9,495 | 9,485,220 | ||||||
PacifiCorp, 2.95%, 02/01/22 (Call 11/01/21) |
828 | 828,000 | ||||||
PECO Energy Co., 2.38%, 09/15/22 (Call 06/15/22) |
1,410 | 1,428,513 | ||||||
Progress
Energy Inc., 3.15%, 04/01/22 |
2,006 | 2,014,806 | ||||||
Public
Service Co. of Colorado, 2.25%, 09/15/22 |
1,149 | 1,157,319 | ||||||
Public Service Enterprise Group Inc., 2.65%, 11/15/22 (Call 10/15/22)(a) |
2,934 | 2,991,330 | ||||||
Puget
Energy Inc., 5.63%, 07/15/22 |
1,705 | 1,744,164 | ||||||
Sempra Energy, 2.88%, 10/01/22 (Call 07/01/22) |
2,723 | 2,763,491 | ||||||
Southern California Edison Co., Series B, 2.40%, 02/01/22 (Call 12/01/21)(a) |
1,000 | 1,001,570 | ||||||
Virginia
Electric & Power Co. |
333 | 333,420 | ||||||
3.45%, 09/01/22 (Call 06/01/22)(a) |
1,178 | 1,198,698 | ||||||
|
|
|||||||
94,911,535 |
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, 2021 |
iShares® iBonds® Dec 2022 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
|
||||||||
Electronics — 0.9% | ||||||||
Arrow
Electronics Inc., 3.50%, 04/01/22 |
$ | 830 | $ | 836,159 | ||||
Avnet Inc., 4.88%, 12/01/22(a) |
1,277 | 1,331,541 | ||||||
Honeywell
International Inc. |
4,387 | 4,387,263 | ||||||
2.15%, 08/08/22 (Call 07/08/22) |
3,104 | 3,143,048 | ||||||
Jabil Inc., 4.70%, 09/15/22 |
3,366 | 3,483,204 | ||||||
Tyco
Electronics Group SA, 3.50%, 02/03/22 |
473 | 473,000 | ||||||
|
|
|||||||
13,654,215 | ||||||||
Environmental Control — 0.3% | ||||||||
Waste
Management Inc., 2.90%, 09/15/22 |
4,845 | 4,920,001 | ||||||
|
|
|||||||
Food — 1.3% |
||||||||
Campbell Soup Co., 2.50%, 08/02/22(a) |
2,243 | 2,277,206 | ||||||
General Mills Inc., 2.60%, 10/12/22 (Call 09/12/22) |
2,017 | 2,053,891 | ||||||
Kroger
Co. (The) |
1,675 | 1,701,582 | ||||||
3.40%, 04/15/22 (Call 01/15/22) |
1,321 | 1,329,151 | ||||||
McCormick & Co. Inc./MD, 2.70%, 08/15/22 (Call 07/15/22) |
3,311 | 3,363,877 | ||||||
Mondelez International Inc., 0.63%, 07/01/22(a) |
5,038 | 5,047,874 | ||||||
Sysco Corp., 2.60%, 06/12/22(a) |
1,688 | 1,709,522 | ||||||
Tyson Foods Inc., 4.50%, 06/15/22 (Call 03/15/22) |
3,608 | 3,662,986 | ||||||
|
|
|||||||
21,146,089 | ||||||||
Health Care - Products — 0.6% |
||||||||
Abbott Laboratories, 2.55%, 03/15/22(a) |
2,870 | 2,893,850 | ||||||
DH Europe Finance II Sarl, 2.05%, 11/15/22 |
3,356 | 3,409,226 | ||||||
Zimmer
Biomet Holdings Inc., 3.15%, 04/01/22 |
2,922 | 2,940,876 | ||||||
|
|
|||||||
9,243,952 | ||||||||
Health Care - Services — 2.0% | ||||||||
Aetna Inc., 2.75%, 11/15/22 (Call 08/15/22) |
5,178 | 5,267,890 | ||||||
Anthem
Inc. |
2,964 | 3,034,602 | ||||||
3.13%, 05/15/22 |
3,281 | 3,328,312 | ||||||
CommonSpirit Health, 2.95%, 11/01/22 |
1,527 | 1,560,060 | ||||||
Dignity Health, 3.13%, 11/01/22 |
130 | 132,908 | ||||||
Humana
Inc. |
1,654 | 1,693,018 | ||||||
3.15%, 12/01/22 (Call 09/01/22)(a) |
2,720 | 2,778,426 | ||||||
Kaiser Foundation Hospitals, 3.50%, 04/01/22(a) |
682 | 689,932 | ||||||
UnitedHealth
Group Inc. |
3,610 | 3,678,698 | ||||||
2.88%, 03/15/22 (Call 12/15/21) |
4,040 | 4,052,524 | ||||||
3.35%, 07/15/22(a) |
4,570 | 4,667,889 | ||||||
|
|
|||||||
30,884,259 | ||||||||
Holding Companies - Diversified — 0.2% | ||||||||
Ares
Capital Corp., 3.63%, 01/19/22 |
1,986 | 1,993,706 | ||||||
FS
KKR Capital Corp., 4.75%, 05/15/22 |
1,855 | 1,887,870 | ||||||
|
|
|||||||
3,881,576 | ||||||||
Home Builders — 0.3% | ||||||||
DR Horton Inc., 4.38%, 09/15/22 (Call 06/15/22) |
1,592 | 1,628,680 | ||||||
Lennar Corp., 4.75%, 11/15/22 (Call 08/15/22)(a) |
1,040 | 1,073,945 | ||||||
NVR Inc., 3.95%, 09/15/22 (Call 06/15/22) |
2,402 | 2,450,040 | ||||||
|
|
|||||||
5,152,665 | ||||||||
Home Furnishings — 0.1% | ||||||||
Leggett & Platt Inc., 3.40%, 08/15/22 (Call 05/15/22) |
1,211 | 1,229,492 | ||||||
Whirlpool Corp., 4.70%, 06/01/22(a) |
794 | 812,857 | ||||||
|
|
|||||||
2,042,349 |
Security |
Par (000) |
Value | ||||||
|
||||||||
Household Products & Wares — 0.5% | ||||||||
Church &
Dwight Co. Inc. |
$ | 1,595 | $ | 1,616,389 | ||||
2.88%, 10/01/22 |
1,026 | 1,049,106 | ||||||
Clorox
Co. (The), 3.05%, 09/15/22 |
4,273 | 4,340,428 | ||||||
Kimberly-Clark Corp., 2.40%, 03/01/22 |
972 | 978,590 | ||||||
|
|
|||||||
7,984,513 | ||||||||
Insurance — 1.4% | ||||||||
Alleghany Corp., 4.95%, 06/27/22(a) |
959 | 986,168 | ||||||
Aon Corp., 2.20%, 11/15/22 |
2,829 | 2,876,046 | ||||||
Berkshire Hathaway Finance Corp., 3.00%, 05/15/22(a) |
3,559 | 3,610,107 | ||||||
Berkshire Hathaway Inc., 3.40%, 01/31/22(a) |
2,354 | 2,372,055 | ||||||
Chubb INA Holdings Inc., 2.88%, 11/03/22 (Call 09/03/22)(a) |
1,314 | 1,340,766 | ||||||
Enstar Group Ltd., 4.50%, 03/10/22 (Call 02/10/22) |
329 | 332,471 | ||||||
Fidelity National Financial Inc., 5.50%, 09/01/22 |
2,094 | 2,177,928 | ||||||
Globe Life Inc., 3.80%, 09/15/22 |
50 | 51,398 | ||||||
Lincoln National Corp., 4.20%, 03/15/22(a) |
1,240 | 1,257,286 | ||||||
Markel Corp., 4.90%, 07/01/22(a) |
1,759 | 1,807,935 | ||||||
Marsh &
McLennan Companies Inc., |
1,573 | 1,579,182 | ||||||
Primerica Inc., 4.75%, 07/15/22 |
565 | 581,594 | ||||||
Principal Financial Group Inc., 3.30%, 09/15/22 |
1,527 | 1,564,106 | ||||||
Sompo International Holdings Ltd., 4.70%, 10/15/22(a) |
646 | 668,532 | ||||||
WR Berkley Corp., 4.63%, 03/15/22(a) |
1,147 | 1,163,024 | ||||||
|
|
|||||||
22,368,598 | ||||||||
Internet — 1.5% | ||||||||
Amazon.com
Inc., 2.50%, 11/29/22 |
6,200 | 6,306,330 | ||||||
Baidu
Inc. |
3,410 | 3,452,727 | ||||||
3.50%, 11/28/22(a) |
2,792 | 2,865,960 | ||||||
E*TRADE Financial Corp., 2.95%, 08/24/22 (Call 07/24/22)(a) |
3,357 | 3,416,990 | ||||||
eBay
Inc. |
2,490 | 2,514,825 | ||||||
3.80%, 03/09/22 (Call 02/09/22) |
2,792 | 2,817,686 | ||||||
TD
Ameritrade Holding Corp., 2.95%, 04/01/22 |
2,834 | 2,851,968 | ||||||
|
|
|||||||
24,226,486 | ||||||||
Iron & Steel — 0.2% | ||||||||
Nucor Corp., 4.13%, 09/15/22 (Call 06/15/22) |
2,595 | 2,652,661 | ||||||
|
|
|||||||
Lodging — 0.1% |
||||||||
Marriott
International Inc./MD, 2.30%, 01/15/22 |
950 | 951,947 | ||||||
|
|
|||||||
Machinery — 2.8% |
||||||||
ABB Finance USA Inc., 2.88%, 05/08/22(a) |
5,501 | 5,572,348 | ||||||
Caterpillar
Financial Services Corp. |
3,477 | 3,489,795 | ||||||
1.90%, 09/06/22(a) |
3,054 | 3,094,466 | ||||||
1.95%, 11/18/22 |
3,522 | 3,577,014 | ||||||
2.40%, 06/06/22(a) |
1,961 | 1,985,179 | ||||||
2.55%, 11/29/22(a) |
2,843 | 2,906,228 | ||||||
2.85%, 06/01/22(a) |
1,563 | 1,585,538 | ||||||
2.95%, 02/26/22(a) |
2,447 | 2,467,506 | ||||||
CNH Industrial Capital LLC, 4.38%, 04/05/22 |
1,998 | 2,028,809 | ||||||
Deere & Co., 2.60%, 06/08/22 (Call 03/08/22) |
3,764 | 3,794,752 | ||||||
John
Deere Capital Corp. |
1,905 | 1,907,934 | ||||||
1.95%, 06/13/22(a) |
1,646 | 1,662,559 | ||||||
2.15%, 09/08/22(a) |
2,348 | 2,382,234 |
32 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2022 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
|
||||||||
Machinery (continued) | ||||||||
2.65%, 01/06/22 |
$ | 2,020 | $ | 2,028,524 | ||||
2.75%, 03/15/22 |
1,467 | 1,480,291 | ||||||
2.95%, 04/01/22(a) |
2,272 | 2,296,765 | ||||||
3.20%, 01/10/22 |
1,631 | 1,640,019 | ||||||
|
|
|||||||
43,899,961 | ||||||||
Manufacturing — 1.0% | ||||||||
3M Co., 2.00%, 06/26/22 |
3,263 | 3,298,567 | ||||||
Carlisle
Companies Inc., 3.75%, 11/15/22 |
211 | 216,326 | ||||||
Eaton Corp., 2.75%, 11/02/22 |
6,905 | 7,058,912 | ||||||
General
Electric Co. |
1,915 | 1,953,606 | ||||||
3.15%, 09/07/22 |
317 | 324,627 | ||||||
Parker-Hannifin Corp., 3.50%, 09/15/22(a) |
2,096 | 2,149,993 | ||||||
|
|
|||||||
15,002,031 | ||||||||
Media — 2.1% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital, 4.46%, 07/23/22 (Call 05/23/22) |
11,522 | 11,765,114 | ||||||
Comcast Cable Communications Holdings Inc., 9.46%, 11/15/22 |
4,054 | 4,432,684 | ||||||
Fox Corp., 3.67%, 01/25/22(a) |
2,200 | 2,216,874 | ||||||
TWDC
Enterprises 18 Corp. |
3,525 | 3,592,504 | ||||||
2.45%, 03/04/22 |
2,068 | 2,083,324 | ||||||
2.55%, 02/15/22(a) |
2,167 | 2,181,107 | ||||||
Walt
Disney Co. (The) |
1,674 | 1,691,309 | ||||||
3.00%, 09/15/22 |
5,279 | 5,396,722 | ||||||
|
|
|||||||
33,359,638 | ||||||||
Mining — 0.2% | ||||||||
BHP Billiton Finance USA Ltd., 2.88%, 02/24/22 |
2,810 | 2,832,255 | ||||||
Newmont Corp., 3.50%, 03/15/22 (Call 12/15/21) |
97 | 97,357 | ||||||
Southern Copper Corp., 3.50%, 11/08/22 |
899 | 923,579 | ||||||
|
|
|||||||
3,853,191 | ||||||||
Oil & Gas — 2.5% | ||||||||
BP Capital Markets PLC, 2.50%, 11/06/22 |
3,885 | 3,961,029 | ||||||
Chevron
Corp. |
7,167 | 7,289,269 | ||||||
2.41%, 03/03/22 (Call 01/03/22)(a) |
2,876 | 2,885,951 | ||||||
2.50%, 03/03/22 (Call 02/03/22) |
2,362 | 2,375,416 | ||||||
Chevron USA Inc., 0.33%, 08/12/22 |
337 | 337,013 | ||||||
ConocoPhillips
Co., 2.40%, 12/15/22 |
780 | 791,996 | ||||||
Exxon
Mobil Corp. |
3,939 | 3,986,544 | ||||||
2.40%, 03/06/22 (Call 01/06/22) |
3,229 | 3,240,980 | ||||||
Phillips 66, 4.30%, 04/01/22 |
6,408 | 6,512,002 | ||||||
Shell International Finance BV, 2.38%, 08/21/22(a) |
4,810 | 4,887,826 | ||||||
TotalEnergies Capital International SA, 2.88%, 02/17/22(a) |
3,692 | 3,718,361 | ||||||
|
|
|||||||
39,986,387 | ||||||||
Oil & Gas Services — 0.4% | ||||||||
Baker Hughes Holdings LLC/Baker Hughes Co-Obligor Inc., 2.77%, 12/15/22 (Call 11/15/22) |
5,473 | 5,595,650 | ||||||
|
|
|||||||
Pharmaceuticals — 8.1% |
||||||||
AbbVie
Inc. |
9,742 | 9,921,545 | ||||||
2.90%, 11/06/22 |
12,047 | 12,328,779 | ||||||
3.20%, 11/06/22 (Call 09/06/22) |
2,979 | 3,045,342 | ||||||
3.25%, 10/01/22 (Call 07/01/22) |
14,326 | 14,580,573 |
Security | Par (000) |
Value | ||||||
|
||||||||
Pharmaceuticals (continued) | ||||||||
3.45%, 03/15/22 (Call 01/15/22)(a) |
$ | 7,368 | $ | 7,413,461 | ||||
AstraZeneca PLC, 2.38%, 06/12/22 (Call 05/12/22) |
4,690 | 4,740,042 | ||||||
Bristol-Myers
Squibb Co. |
2,368 | 2,397,126 | ||||||
2.60%, 05/16/22(a) |
5,034 | 5,097,831 | ||||||
3.25%, 08/15/22 |
2,770 | 2,832,879 | ||||||
3.55%, 08/15/22 |
3,240 | 3,318,862 | ||||||
Cigna Corp., 3.05%, 11/30/22 (Call 10/31/22) |
1,773 | 1,817,821 | ||||||
CVS
Health Corp. |
4,379 | 4,458,742 | ||||||
3.50%, 07/20/22 (Call 05/20/22) |
5,494 | 5,584,926 | ||||||
4.75%, 12/01/22 (Call 09/01/22) |
2,102 | 2,174,078 | ||||||
Eli Lilly & Co., 2.35%, 05/15/22 |
3,594 | 3,635,223 | ||||||
GlaxoSmithKline
Capital PLC |
6,802 | 6,889,134 | ||||||
2.88%, 06/01/22 (Call 05/01/22) |
5,210 | 5,275,907 | ||||||
Johnson &
Johnson, 2.25%, 03/03/22 |
3,410 | 3,427,118 | ||||||
McKesson Corp., 2.70%, 12/15/22 (Call 09/15/22) |
1,826 | 1,859,471 | ||||||
Merck &
Co. Inc. |
3,785 | 3,807,104 | ||||||
2.40%, 09/15/22 (Call 06/15/22) |
6,001 | 6,075,832 | ||||||
Novartis
Capital Corp. |
4,450 | 4,493,210 | ||||||
2.40%, 09/21/22(a) |
6,143 | 6,256,891 | ||||||
Pfizer Inc., 2.80%, 03/11/22(a) |
1,943 | 1,960,390 | ||||||
Viatris Inc., 1.13%, 06/22/22(a)(c) |
4,434 | 4,449,962 | ||||||
|
|
|||||||
127,842,249 | ||||||||
Pipelines — 3.1% | ||||||||
Enbridge Inc., 2.90%, 07/15/22 (Call 06/15/22)(a) |
3,140 | 3,186,598 | ||||||
Energy
Transfer LP |
881 | 891,255 | ||||||
5.20%, 02/01/22 (Call 11/01/21) |
4,977 | 4,977,000 | ||||||
Energy
Transfer LP/Regency Energy Finance Corp. |
2,804 | 2,883,914 | ||||||
5.88%, 03/01/22 (Call 12/01/21) |
2,908 | 2,920,533 | ||||||
Enterprise
Products Operating LLC |
2,156 | 2,172,860 | ||||||
4.05%, 02/15/22 |
2,216 | 2,239,024 | ||||||
Kinder
Morgan Energy Partners LP |
3,735 | 3,810,073 | ||||||
4.15%, 03/01/22 |
1,379 | 1,395,507 | ||||||
MPLX LP, 3.50%, 12/01/22 (Call 11/01/22) |
2,208 | 2,268,477 | ||||||
ONEOK Inc., 4.25%, 02/01/22 (Call 11/01/21) |
1,453 | 1,453,000 | ||||||
ONEOK Partners LP, 3.38%, 10/01/22 (Call 07/01/22) |
3,681 | 3,747,994 | ||||||
Plains
All American Pipeline LP/PAA Finance Corp., |
2,138 | 2,158,824 | ||||||
Sabine Pass Liquefaction LLC, 6.25%, 03/15/22 (Call 12/15/21) |
2,614 | 2,631,618 | ||||||
TransCanada PipeLines Ltd., 2.50%, 08/01/22 |
4,484 | 4,544,938 | ||||||
Williams
Companies Inc. (The) |
2,878 | 2,921,746 | ||||||
3.60%, 03/15/22 (Call 01/15/22) |
4,237 | 4,264,159 | ||||||
|
|
|||||||
48,467,520 | ||||||||
Real Estate Investment Trusts — 0.7% | ||||||||
American Tower Corp., 2.25%, 01/15/22 |
1,635 | 1,641,000 | ||||||
Camden Property Trust, 2.95%, 12/15/22 (Call 09/15/22)(a) |
564 | 575,043 | ||||||
Kimco Realty Corp., 3.40%, 11/01/22 (Call 09/01/22) |
2,692 | 2,753,808 | ||||||
Office Properties Income Trust, 4.00%, 07/15/22 (Call 06/15/22)(a) |
1,235 | 1,258,070 |
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, 2021 |
iShares® iBonds® Dec 2022 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
|
||||||||
Real Estate Investment Trusts (continued) | ||||||||
Public Storage, 2.37%, 09/15/22 (Call 08/15/22) |
$ | 2,434 | $ | 2,471,411 | ||||
Rayonier Inc., 3.75%, 04/01/22 (Call 01/01/22) |
410 | 412,120 | ||||||
SL Green Operating Partnership LP, 3.25%, 10/15/22 (Call 09/15/22) |
2,614 | 2,669,887 | ||||||
SL Green Realty Corp., 4.50%, 12/01/22 (Call 09/01/22) |
40 | 41,198 | ||||||
|
|
|||||||
11,822,537 | ||||||||
Retail — 2.3% | ||||||||
AutoZone Inc., 3.70%, 04/15/22 (Call 01/15/22)(a) |
1,735 | 1,746,694 | ||||||
Costco Wholesale Corp., 2.30%, 05/18/22 (Call 04/18/22) |
3,137 | 3,166,362 | ||||||
Home
Depot Inc. (The) |
5,254 | 5,313,370 | ||||||
3.25%, 03/01/22 |
2,145 | 2,166,429 | ||||||
Lowe’s Companies Inc., 3.12%, 04/15/22 (Call 01/15/22) |
2,865 | 2,881,359 | ||||||
McDonald’s Corp., 2.63%, 01/15/22(a) |
4,715 | 4,737,679 | ||||||
O’Reilly
Automotive Inc., 3.80%, 09/01/22 |
1,130 | 1,151,335 | ||||||
Starbucks
Corp. |
1,970 | 1,979,791 | ||||||
2.70%, 06/15/22 (Call 04/15/22) |
1,987 | 2,008,321 | ||||||
Target Corp., 2.90%, 01/15/22 |
3,291 | 3,308,409 | ||||||
Walgreen Co., 3.10%, 09/15/22(a) |
2,491 | 2,546,923 | ||||||
Walmart Inc., 2.35%, 12/15/22 (Call 11/15/22)(a) |
5,130 | 5,237,063 | ||||||
|
|
|||||||
36,243,735 | ||||||||
Savings & Loans — 0.2% | ||||||||
People’s
United Financial Inc., 3.65%, 12/06/22 |
2,864 | 2,932,364 | ||||||
|
|
|||||||
Semiconductors — 1.3% | ||||||||
Advanced Micro Devices Inc., 7.50%, 08/15/22 |
240 | 252,698 | ||||||
Intel
Corp. |
2,515 | 2,537,509 | ||||||
2.70%, 12/15/22(a) |
5,656 | 5,797,230 | ||||||
3.10%, 07/29/22 |
3,312 | 3,379,731 | ||||||
QUALCOMM Inc., 3.00%, 05/20/22 |
6,585 | 6,679,692 | ||||||
Texas Instruments Inc., 1.85%, 05/15/22 (Call 04/15/22)(a) |
2,597 | 2,615,543 | ||||||
|
|
|||||||
21,262,403 | ||||||||
Software — 3.2% | ||||||||
Autodesk Inc., 3.60%, 12/15/22 (Call 09/15/22) |
1,645 | 1,684,776 | ||||||
Fiserv Inc., 3.50%, 10/01/22 (Call 07/01/22) |
5,090 | 5,191,545 | ||||||
Microsoft
Corp. |
1,940 | 1,974,377 | ||||||
2.38%, 02/12/22 (Call 01/12/22)(a) |
4,720 | 4,740,013 | ||||||
2.40%, 02/06/22 (Call 01/06/22)(a) |
5,009 | 5,028,235 | ||||||
2.65%, 11/03/22 (Call 09/03/22) |
3,727 | 3,799,006 | ||||||
Oracle
Corp. |
8,146 | 8,207,991 | ||||||
2.50%, 10/15/22 |
9,969 | 10,158,112 | ||||||
Roper
Technologies Inc. |
2,163 | 2,163,151 | ||||||
3.13%, 11/15/22 (Call 08/15/22) |
1,641 | 1,672,392 | ||||||
VMware Inc., 2.95%, 08/21/22 (Call 07/21/22) |
6,332 | 6,438,124 | ||||||
|
|
|||||||
51,057,722 | ||||||||
Telecommunications — 1.8% | ||||||||
America Movil SAB de CV, 3.13%, 07/16/22(a) |
6,145 | 6,249,465 | ||||||
AT&T
Inc. |
4,170 | 4,241,307 |
Security | Par/ Shares (000) |
Value | ||||||
|
||||||||
Telecommunications (continued) | ||||||||
3.00%, 06/30/22 (Call 04/30/22)(a) |
$ | 7,494 | $ | 7,584,602 | ||||
Cisco Systems Inc., 3.00%, 06/15/22(a) |
2,907 | 2,955,402 | ||||||
Telefonaktiebolaget LM Ericsson, 4.13%, 05/15/22 |
3,774 | 3,840,385 | ||||||
Vodafone Group PLC, 2.50%, 09/26/22 |
3,030 | 3,080,904 | ||||||
|
|
|||||||
27,952,065 | ||||||||
Transportation — 1.6% | ||||||||
Burlington
Northern Santa Fe LLC |
1,766 | 1,771,845 | ||||||
3.05%, 09/01/22 (Call 06/01/22) |
2,519 | 2,556,987 | ||||||
JB Hunt Transport Services Inc., 3.30%, 08/15/22 (Call 06/15/22) |
876 | 891,672 | ||||||
Norfolk Southern Corp., 3.00%, 04/01/22 (Call 01/01/22) |
2,462 | 2,472,562 | ||||||
Ryder
System Inc. |
1,191 | 1,208,496 | ||||||
2.80%, 03/01/22 (Call 02/01/22) |
955 | 960,635 | ||||||
2.88%, 06/01/22 (Call 05/01/22)(a) |
2,073 | 2,097,876 | ||||||
Union
Pacific Corp. |
1,733 | 1,748,389 | ||||||
4.16%, 07/15/22 (Call 04/15/22)(a) |
2,837 | 2,885,371 | ||||||
United
Parcel Service Inc. |
2,488 | 2,510,964 | ||||||
2.45%, 10/01/22 |
5,810 | 5,923,585 | ||||||
|
|
|||||||
25,028,382 | ||||||||
|
|
|||||||
Total
Corporate Bonds & Notes — 96.8% |
|
1,528,187,358 | ||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 10.9% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(d)(e)(f) |
131,050 | 131,115,315 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e) |
41,436 | 41,436,000 | ||||||
|
|
|||||||
172,551,315 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 10.9% |
|
172,551,315 | ||||||
|
|
|||||||
Total
Investments in Securities — 107.7% |
|
1,700,738,673 | ||||||
Other Assets, Less Liabilities — (7.7)% |
|
(122,151,498 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 1,578,587,175 | ||||||
|
|
(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. |
34 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2022 Term Corporate ETF
|
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value
at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value
at 10/31/21 |
Shares Held at 10/31/21 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
BlackRock
Cash Funds: Institutional, |
$ | 36,583,415 | $ | 94,550,574(a | ) | $ | — | $ | (15,185 | ) | $ | (3,489 | ) | $ | 131,115,315 | 131,050 | $ | 148,696(b | ) | $ | — | |||||||||||||||
BlackRock
Cash Funds: Treasury, |
30,876,000 | 10,560,000(a | ) | — | — | — | 41,436,000 | 41,436 | 6,708 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (15,185 | ) | $ | (3,489 | ) | $ | 172,551,315 | $ | 155,404 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 |
$ | — | $ | 1,528,187,358 | $ | — | $ | 1,528,187,358 | ||||||||
Money Market Funds |
172,551,315 | — | — | 172,551,315 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 172,551,315 | $ | 1,528,187,358 | $ | — | $ | 1,700,738,673 | |||||||||
|
|
|
|
|
|
|
|
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, 2021 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value |
||||||
Corporate Bonds & Notes |
||||||||
Aerospace & Defense — 2.4% | ||||||||
Boeing Co. (The) |
||||||||
1.17%, 02/04/23 (Call 02/04/22) |
$ | 4,615 | $ | 4,620,492 | ||||
1.88%, 06/15/23 (Call 04/15/23)(a) |
1,290 | 1,306,667 | ||||||
2.80%, 03/01/23 (Call 02/01/23)(a) |
1,152 | 1,179,348 | ||||||
4.51%, 05/01/23 (Call 04/01/23)(a) |
10,692 | 11,210,562 | ||||||
General Dynamics Corp. |
||||||||
1.88%, 08/15/23 (Call 06/15/23)(a) |
2,659 | 2,720,423 | ||||||
3.38%, 05/15/23 (Call 04/15/23) |
3,668 | 3,823,633 | ||||||
L3Harris Technologies Inc., 3.85%, 06/15/23 (Call 05/15/23) |
3,658 | 3,834,498 | ||||||
Lockheed
Martin Corp., 3.10%, 01/15/23 |
3,408 | 3,501,107 | ||||||
Northrop Grumman Corp., 3.25%, 08/01/23 |
4,612 | 4,819,724 | ||||||
Raytheon Technologies Corp., 3.70%, 12/15/23 (Call 09/15/23) |
1,822 | 1,923,832 | ||||||
Teledyne Technologies Inc., 0.65%, 04/01/23 |
587 | 585,439 | ||||||
|
|
|||||||
39,525,725 | ||||||||
Agriculture — 0.6% | ||||||||
Philip Morris International Inc. |
||||||||
1.13%, 05/01/23 |
1,647 | 1,662,152 | ||||||
2.13%, 05/10/23 (Call 03/10/23)(a) |
2,229 | 2,277,303 | ||||||
2.63%, 03/06/23(a) |
2,472 | 2,543,762 | ||||||
3.60%, 11/15/23(a) |
1,673 | 1,773,949 | ||||||
Reynolds American Inc., 4.85%, 09/15/23 |
1,883 | 2,023,020 | ||||||
|
|
|||||||
10,280,186 | ||||||||
Airlines — 0.3% | ||||||||
Southwest Airlines Co., 4.75%, 05/04/23(a) |
4,500 | 4,759,785 | ||||||
|
|
|||||||
Apparel — 0.2% | ||||||||
NIKE Inc., 2.25%, 05/01/23 (Call 02/01/23)(a) |
2,713 | 2,775,101 | ||||||
|
|
|||||||
Auto Manufacturers — 5.1% | ||||||||
American Honda Finance Corp. |
||||||||
0.35%, 04/20/23(a) |
70 | 69,763 | ||||||
0.65%, 09/08/23(a) |
2,490 | 2,490,373 | ||||||
0.88%, 07/07/23(a) |
4,434 | 4,456,658 | ||||||
1.95%, 05/10/23 |
1,011 | 1,031,452 | ||||||
2.05%, 01/10/23 |
2,422 | 2,466,686 | ||||||
3.45%, 07/14/23 |
1,810 | 1,895,541 | ||||||
3.63%, 10/10/23 |
5,641 | 5,962,481 | ||||||
Cummins
Inc., 3.65%, 10/01/23 |
2,204 | 2,316,646 | ||||||
General Motors Co. |
||||||||
4.88%, 10/02/23 |
5,073 | 5,442,974 | ||||||
5.40%, 10/02/23 |
3,992 | 4,321,819 | ||||||
General Motors Financial Co. Inc. |
||||||||
1.70%, 08/18/23(a) |
4,650 | 4,716,588 | ||||||
3.25%, 01/05/23 (Call 12/05/22) |
2,990 | 3,071,238 | ||||||
3.70%, 05/09/23 (Call 03/09/23) |
4,190 | 4,350,645 | ||||||
4.15%, 06/19/23 (Call 05/19/23) |
3,395 | 3,565,327 | ||||||
4.25%, 05/15/23 |
2,346 | 2,464,614 | ||||||
PACCAR Financial Corp. |
||||||||
0.35%, 08/11/23(a) |
679 | 676,481 | ||||||
0.80%, 06/08/23 |
480 | 481,670 | ||||||
1.90%, 02/07/23(a) |
1,035 | 1,053,361 | ||||||
2.65%, 04/06/23 |
531 | 547,211 | ||||||
3.40%, 08/09/23(a) |
983 | 1,031,914 | ||||||
Stellantis NV, 5.25%, 04/15/23 |
5,537 | 5,880,903 | ||||||
Toyota Motor Corp., 3.42%, 07/20/23(a) |
1,813 | 1,902,907 | ||||||
Toyota Motor Credit Corp. |
||||||||
0.40%, 04/06/23 |
140 | 139,765 |
Security |
Par |
Value |
||||||
Auto Manufacturers (continued) | ||||||||
0.50%, 08/14/23(a) |
$ | 4,730 | $ | 4,726,074 | ||||
1.35%, 08/25/23 |
3,395 | 3,439,712 | ||||||
2.25%, 10/18/23(a) |
2,752 | 2,838,220 | ||||||
2.63%, 01/10/23 |
2,904 | 2,977,152 | ||||||
2.70%, 01/11/23 |
2,072 | 2,126,286 | ||||||
2.90%, 03/30/23 |
6,149 | 6,356,160 | ||||||
3.45%, 09/20/23(a) |
2,747 | 2,892,454 | ||||||
|
|
|||||||
85,693,075 | ||||||||
Banks — 27.2% | ||||||||
Banco Bilbao Vizcaya Argentaria SA, 0.88%, 09/18/23 |
3,850 | 3,855,775 | ||||||
Banco Santander SA |
||||||||
3.13%, 02/23/23 |
3,298 | 3,400,337 | ||||||
3.85%, 04/12/23 |
4,227 | 4,413,453 | ||||||
Bank of America Corp. |
||||||||
3.30%, 01/11/23 |
13,110 | 13,545,645 | ||||||
4.10%, 07/24/23 |
8,005 | 8,493,385 | ||||||
Bank of Montreal |
||||||||
0.40%, 09/15/23 |
6,010 | 5,982,054 | ||||||
0.45%, 12/08/23(a) |
3,175 | 3,160,109 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
0.35%, 12/07/23 (Call 11/07/23)(a) |
2,233 | 2,221,411 | ||||||
1.85%, 01/27/23 (Call 01/02/23) |
1,797 | 1,825,644 | ||||||
2.20%, 08/16/23 (Call 06/16/23)(a) |
4,345 | 4,460,534 | ||||||
2.95%, 01/29/23 (Call 12/29/22) |
3,231 | 3,323,536 | ||||||
3.45%, 08/11/23 |
1,838 | 1,930,598 | ||||||
3.50%, 04/28/23 |
2,382 | 2,487,737 | ||||||
Bank of Nova Scotia (The) |
||||||||
0.40%, 09/15/23(a) |
10 | 9,948 | ||||||
0.55%, 09/15/23 |
2,262 | 2,257,431 | ||||||
0.80%, 06/15/23(a) |
358 | 359,496 | ||||||
1.63%, 05/01/23 |
4,364 | 4,434,871 | ||||||
1.95%, 02/01/23 |
3,639 | 3,702,937 | ||||||
2.38%, 01/18/23 |
2,030 | 2,075,980 | ||||||
Barclays PLC, 3.68%, 01/10/23 (Call 01/10/22) |
5,363 | 5,394,588 | ||||||
BNP Paribas SA, 3.25%, 03/03/23(a) |
5,098 | 5,283,108 | ||||||
Canadian Imperial Bank of Commerce |
||||||||
0.45%, 06/22/23 |
6,000 | 5,978,520 | ||||||
0.50%, 12/14/23 |
2,529 | 2,511,955 | ||||||
0.95%, 06/23/23 |
3,378 | 3,392,424 | ||||||
3.50%, 09/13/23(a) |
4,415 | 4,654,955 | ||||||
Citigroup Inc. |
||||||||
3.38%, 03/01/23(a) |
1,893 | 1,961,281 | ||||||
3.50%, 05/15/23 |
4,211 | 4,386,514 | ||||||
3.88%, 10/25/23(a) |
3,967 | 4,214,779 | ||||||
Citizens Bank N.A./Providence RI, 3.70%, 03/29/23 (Call 02/28/23) |
2,355 | 2,450,001 | ||||||
Comerica Inc., 3.70%, 07/31/23 (Call 06/30/23) |
4,029 | 4,224,890 | ||||||
Cooperatieve Rabobank U.A., 4.63%, 12/01/23 |
6,233 | 6,697,608 | ||||||
Cooperatieve Rabobank U.A./New York, 2.75%, 01/10/23 |
4,557 | 4,679,674 | ||||||
Credit Suisse AG/New York NY |
||||||||
0.52%, 08/09/23 |
5,185 | 5,172,141 | ||||||
1.00%, 05/05/23 |
6,828 | 6,863,096 | ||||||
Credit Suisse Group AG, 3.80%, 06/09/23 |
6,706 | 7,018,969 | ||||||
Deutsche Bank AG/New York NY, 3.95%, 02/27/23 |
4,026 | 4,182,249 | ||||||
Discover Bank |
||||||||
3.35%, 02/06/23 (Call 01/06/23) |
3,252 | 3,353,592 | ||||||
4.20%, 08/08/23 |
3,811 | 4,039,851 | ||||||
Fifth Third Bancorp., 1.63%, 05/05/23 (Call 04/05/23) |
2,047 | 2,075,986 | ||||||
Fifth Third Bank NA, 1.80%, 01/30/23 (Call 12/30/22) |
2,490 | 2,527,649 | ||||||
First Horizon Corp., 3.55%, 05/26/23 (Call 04/26/23) |
1,920 | 1,993,517 |
36 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value |
||||||
Banks (continued) | ||||||||
FNB Corp./PA, 2.20%, 02/24/23 (Call 01/24/23) |
$ | 635 | $ | 642,436 | ||||
Goldman Sachs Group Inc. (The) |
||||||||
0.48%, 01/27/23 (Call 01/27/22) |
7,445 | 7,431,227 | ||||||
0.52%, 03/08/23 (Call 03/08/22)(a) |
2,025 | 2,021,193 | ||||||
3.20%, 02/23/23 (Call 01/23/23) |
6,298 | 6,490,719 | ||||||
3.63%, 01/22/23 |
7,069 | 7,322,848 | ||||||
HSBC Holdings PLC, 3.60%, 05/25/23 |
7,114 | 7,435,624 | ||||||
Huntington National Bank (The) |
||||||||
1.80%, 02/03/23 (Call 01/03/23) |
1,738 | 1,762,819 | ||||||
3.55%, 10/06/23 (Call 09/06/23) |
3,747 | 3,944,205 | ||||||
ING Groep NV, 4.10%, 10/02/23 |
5,792 | 6,159,213 | ||||||
JPMorgan Chase & Co. |
||||||||
2.70%, 05/18/23 (Call 03/18/23) |
6,213 | 6,395,911 | ||||||
2.97%, 01/15/23 (Call 01/15/22) |
5,132 | 5,158,225 | ||||||
3.20%, 01/25/23(a) |
6,556 | 6,773,266 | ||||||
3.38%, 05/01/23 |
7,503 | 7,805,896 | ||||||
KeyBank N.A./Cleveland OH |
||||||||
1.25%, 03/10/23(a) |
2,718 | 2,745,017 | ||||||
3.38%, 03/07/23 |
2,016 | 2,092,104 | ||||||
Lloyds Banking Group PLC, 4.05%, 08/16/23 |
6,635 | 7,020,560 | ||||||
M&T
Bank Corp., 3.55%, 07/26/23 |
2,722 | 2,850,941 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
2.53%, 09/13/23(a) |
1,189 | 1,228,296 | ||||||
3.46%, 03/02/23 |
5,886 | 6,109,550 | ||||||
3.76%, 07/26/23 |
7,267 | 7,649,898 | ||||||
Mizuho Financial Group Inc., 3.55%, 03/05/23 |
4,246 | 4,411,721 | ||||||
Morgan Stanley |
||||||||
3.13%, 01/23/23(a) |
8,955 | 9,232,426 | ||||||
3.75%, 02/25/23 |
7,730 | 8,046,698 | ||||||
4.10%, 05/22/23 |
6,558 | 6,891,933 | ||||||
National Australia Bank Ltd./New York |
||||||||
2.88%, 04/12/23 |
1,838 | 1,899,518 | ||||||
3.00%, 01/20/23(a) |
2,646 | 2,727,391 | ||||||
3.63%, 06/20/23 |
2,781 | 2,920,189 | ||||||
National Bank of Canada, 2.10%, 02/01/23 |
4,731 | 4,817,672 | ||||||
Natwest Group PLC |
||||||||
3.88%, 09/12/23(a) |
10,902 | 11,490,272 | ||||||
6.10%, 06/10/23 |
449 | 484,305 | ||||||
PNC Bank N.A. |
||||||||
2.95%, 01/30/23 (Call 12/30/22) |
2,317 | 2,380,439 | ||||||
3.50%, 06/08/23 (Call 05/09/23) |
2,500 | 2,613,750 | ||||||
3.80%, 07/25/23 (Call 06/25/23) |
2,523 | 2,651,017 | ||||||
Royal Bank of Canada |
||||||||
0.50%, 10/26/23 |
3,139 | 3,127,919 | ||||||
1.60%, 04/17/23 |
3,489 | 3,542,731 | ||||||
1.95%, 01/17/23(a) |
3,527 | 3,589,569 | ||||||
3.70%, 10/05/23 |
6,043 | 6,390,533 | ||||||
Santander Holdings USA Inc., 3.40%, 01/18/23 (Call 12/18/22) |
4,350 | 4,477,803 | ||||||
Santander UK Group Holdings PLC, 3.57%, 01/10/23 (Call 01/10/22) |
3,330 | 3,348,881 | ||||||
Santander UK PLC, 2.10%, 01/13/23 |
3,222 | 3,282,219 | ||||||
State Street Corp. |
||||||||
3.10%, 05/15/23 |
4,720 | 4,903,702 | ||||||
3.70%, 11/20/23 |
4,201 | 4,465,369 | ||||||
Sumitomo Mitsui Banking Corp. |
||||||||
3.00%, 01/18/23(a) |
1,430 | 1,471,441 | ||||||
3.95%, 07/19/23 |
1,840 | 1,947,382 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
3.10%, 01/17/23 |
5,227 | 5,383,026 |
Security |
Par |
Value |
||||||
Banks (continued) | ||||||||
3.75%, 07/19/23 |
$ | 2,549 | $ | 2,680,656 | ||||
3.94%, 10/16/23(a) |
3,394 | 3,603,817 | ||||||
Svenska Handelsbanken AB, 3.90%, 11/20/23 |
4,792 | 5,112,824 | ||||||
Toronto-Dominion Bank (The) |
||||||||
0.25%, 01/06/23 |
5,305 | 5,290,677 | ||||||
0.30%, 06/02/23 |
2,620 | 2,610,306 | ||||||
0.45%, 09/11/23 |
3,529 | 3,516,966 | ||||||
0.75%, 06/12/23 |
6,065 | 6,083,802 | ||||||
3.50%, 07/19/23(a) |
5,899 | 6,198,433 | ||||||
Truist Bank |
||||||||
1.25%, 03/09/23 (Call 02/09/23) |
3,496 | 3,530,156 | ||||||
2.75%, 05/01/23 (Call 04/01/23)(a) |
1,059 | 1,092,613 | ||||||
3.00%, 02/02/23 (Call 01/02/23) |
2,412 | 2,482,382 | ||||||
Truist Financial Corp. |
||||||||
2.20%, 03/16/23 (Call 02/13/23) |
3,097 | 3,164,019 | ||||||
3.75%, 12/06/23 (Call 11/06/23) |
4,059 | 4,302,053 | ||||||
U.S. Bank N.A./Cincinnati OH |
||||||||
1.95%, 01/09/23 (Call 12/09/22)(a) |
1,545 | 1,571,976 | ||||||
2.85%, 01/23/23 (Call 12/23/22)(a) |
2,363 | 2,427,604 | ||||||
3.40%, 07/24/23 (Call 06/23/23) |
4,863 | 5,095,062 | ||||||
Wells Fargo & Co. |
||||||||
3.07%, 01/24/23 (Call 01/24/22)(a) |
200 | 201,162 | ||||||
4.13%, 08/15/23 |
5,304 | 5,614,974 | ||||||
Series M, 3.45%, 02/13/23 |
7,453 | 7,725,034 | ||||||
Westpac Banking Corp. |
||||||||
2.00%, 01/13/23 |
2,551 | 2,596,969 | ||||||
2.75%, 01/11/23(a) |
4,718 | 4,846,518 | ||||||
3.65%, 05/15/23(a) |
3,357 | 3,517,666 | ||||||
|
|
|||||||
453,801,751 | ||||||||
Beverages — 1.5% |
||||||||
Constellation Brands Inc. |
||||||||
3.20%, 02/15/23 (Call 01/15/23) |
2,387 | 2,459,231 | ||||||
4.25%, 05/01/23 |
3,807 | 4,003,898 | ||||||
Diageo Capital PLC |
||||||||
2.63%, 04/29/23 (Call 01/29/23) |
3,904 | 4,003,044 | ||||||
3.50%, 09/18/23 (Call 08/18/23)(a) |
1,162 | 1,223,981 | ||||||
Fomento Economico Mexicano SAB de CV, 2.88%, 05/10/23(a) |
955 | 982,485 | ||||||
Keurig Dr Pepper Inc. |
||||||||
3.13%, 12/15/23 (Call 10/15/23) |
2,720 | 2,848,139 | ||||||
4.06%, 05/25/23 (Call 04/25/23) |
3,185 | 3,344,951 | ||||||
PepsiCo Inc. |
||||||||
0.40%, 10/07/23 |
631 | 629,284 | ||||||
0.75%, 05/01/23(a) |
1,774 | 1,783,650 | ||||||
2.75%, 03/01/23 |
3,358 | 3,459,781 | ||||||
|
|
|||||||
24,738,444 | ||||||||
Biotechnology — 1.1% |
||||||||
Amgen Inc., 2.25%, 08/19/23 (Call 06/19/23) |
3,506 | 3,598,068 | ||||||
Gilead Sciences Inc. |
||||||||
0.75%, 09/29/23 (Call 11/09/21) |
4,880 | 4,874,095 | ||||||
2.50%, 09/01/23 (Call 07/01/23) |
3,583 | 3,695,685 | ||||||
Illumina Inc., 0.55%, 03/23/23 |
1,575 | 1,570,590 | ||||||
Royalty Pharma PLC, 0.75%, 09/02/23 |
4,084 | 4,077,507 | ||||||
|
|
|||||||
17,815,945 | ||||||||
Building Materials — 0.2% |
||||||||
Fortune Brands Home & Security Inc., 4.00%, 09/21/23 (Call 08/21/23) |
2,740 | 2,895,522 | ||||||
Lennox International Inc., 3.00%, 11/15/23 (Call 09/15/23) |
467 | 485,535 |
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, 2021 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
|
||||||||
Building Materials (continued) | ||||||||
Martin
Marietta Materials Inc., |
$ | 45 | $ | 44,992 | ||||
|
|
|||||||
3,426,049 | ||||||||
Chemicals — 1.5% | ||||||||
Air
Products and Chemicals Inc., |
739 | 760,409 | ||||||
CF Industries Inc., 3.45%, 06/01/23 |
1,750 | 1,814,837 | ||||||
DuPont
de Nemours Inc., |
8,727 | 9,299,928 | ||||||
International
Flavors & Fragrances Inc., |
590 | 607,800 | ||||||
Linde
Inc./CT, |
1,771 | 1,811,946 | ||||||
LYB
International Finance BV, |
1,906 | 2,009,229 | ||||||
Mosaic
Co. (The), |
2,980 | 3,159,813 | ||||||
Nutrien Ltd. |
||||||||
1.90%, 05/13/23(a) |
2,453 | 2,495,633 | ||||||
3.50%, 06/01/23 (Call 03/01/23) |
1,210 | 1,253,863 | ||||||
PPG Industries Inc., 3.20%, 03/15/23 (Call 02/15/23) |
1,148 | 1,186,182 | ||||||
|
|
|||||||
24,399,640 | ||||||||
Commercial Services — 1.0% | ||||||||
Equifax Inc., 3.95%, 06/15/23 (Call 05/15/23)(a) |
1,703 | 1,786,328 | ||||||
Global Payments Inc. |
||||||||
3.75%, 06/01/23 (Call 03/01/23) |
2,466 | 2,563,062 | ||||||
4.00%, 06/01/23 (Call 05/01/23) |
2,088 | 2,189,852 | ||||||
Moody’s Corp., 2.63%, 01/15/23 (Call 12/15/22) |
2,864 | 2,928,297 | ||||||
PayPal Holdings Inc., 1.35%, 06/01/23 |
3,768 | 3,814,384 | ||||||
RELX Capital Inc., 3.50%, 03/16/23 (Call 02/16/23) |
3,377 | 3,499,686 | ||||||
|
|
|||||||
16,781,609 | ||||||||
Computers — 3.6% | ||||||||
Apple Inc. |
||||||||
0.75%, 05/11/23 |
7,110 | 7,138,298 | ||||||
2.40%, 01/13/23 (Call 12/13/22) |
1,818 | 1,857,723 | ||||||
2.40%, 05/03/23 |
15,260 | 15,686,212 | ||||||
2.85%, 02/23/23 (Call 12/23/22)(a) |
5,765 | 5,921,808 | ||||||
Dell
International LLC/EMC Corp., |
12,250 | 13,057,398 | ||||||
Hewlett Packard Enterprise Co. |
||||||||
2.25%, 04/01/23 (Call 03/01/23) |
3,813 | 3,889,870 | ||||||
4.45%, 10/02/23 (Call 09/02/23) |
4,667 | 4,963,214 | ||||||
International
Business Machines Corp., |
4,665 | 4,890,413 | ||||||
Leidos
Inc., |
2,134 | 2,199,364 | ||||||
|
|
|||||||
59,604,300 | ||||||||
Cosmetics & Personal Care — 0.6% | ||||||||
Colgate-Palmolive Co. |
||||||||
1.95%, 02/01/23(a) |
1,632 | 1,663,612 | ||||||
2.10%, 05/01/23(a) |
955 | 977,089 | ||||||
Procter &
Gamble Co. (The), |
3,825 | 4,001,180 | ||||||
Unilever Capital Corp. |
||||||||
0.38%, 09/14/23(a) |
1,083 | 1,079,220 | ||||||
3.13%, 03/22/23 (Call 02/22/23) |
1,884 | 1,948,376 | ||||||
|
|
|||||||
9,669,477 | ||||||||
Diversified Financial Services — 5.5% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
1.15%, 10/29/23 |
12,000 | 12,006,240 | ||||||
3.30%, 01/23/23 (Call 12/23/22) |
2,121 | 2,180,494 | ||||||
4.13%, 07/03/23 (Call 06/03/23) |
2,615 | 2,742,167 | ||||||
4.50%, 09/15/23 (Call 08/15/23) |
3,864 | 4,096,922 | ||||||
Air Lease Corp. |
||||||||
2.25%, 01/15/23 |
2,284 | 2,325,637 | ||||||
2.75%, 01/15/23 (Call 12/15/22) |
1,442 | 1,474,402 | ||||||
3.00%, 09/15/23 (Call 07/15/23) |
2,902 | 3,003,106 |
Security | Par (000) |
Value | ||||||
|
||||||||
Diversified Financial Services (continued) | ||||||||
3.88%, 07/03/23 (Call 06/03/23) |
$ | 2,006 | $ | 2,099,399 | ||||
Aircastle Ltd. |
||||||||
4.40%, 09/25/23 (Call 08/25/23) |
2,176 | 2,303,884 | ||||||
5.00%, 04/01/23(a) |
1,922 | 2,029,228 | ||||||
Ally Financial Inc. |
||||||||
1.45%, 10/02/23 (Call 09/02/23) |
4,390 | 4,432,320 | ||||||
3.05%, 06/05/23 (Call 05/05/23) |
3,136 | 3,236,509 | ||||||
American Express Co. |
||||||||
3.40%, 02/27/23 (Call 01/27/23) |
6,223 | 6,442,859 | ||||||
3.70%, 08/03/23 (Call 07/03/23)(a) |
6,931 | 7,283,788 | ||||||
Ameriprise
Financial Inc., |
2,791 | 2,971,550 | ||||||
BGC
Partners Inc., |
1,697 | 1,810,852 | ||||||
Capital
One Bank USA N.A., |
3,895 | 4,027,469 | ||||||
Capital One Financial Corp. |
||||||||
2.60%, 05/11/23 (Call 04/11/23)(a) |
2,692 | 2,766,730 | ||||||
3.20%, 01/30/23 (Call 12/30/22) |
4,424 | 4,558,622 | ||||||
3.50%, 06/15/23 |
3,490 | 3,644,886 | ||||||
Charles
Schwab Corp. (The), |
3,728 | 3,822,281 | ||||||
Eaton
Vance Corp., |
530 | 554,353 | ||||||
Intercontinental Exchange Inc. |
||||||||
0.70%, 06/15/23 |
3,052 | 3,055,052 | ||||||
3.45%, 09/21/23 (Call 08/21/23) |
1,331 | 1,398,255 | ||||||
4.00%, 10/15/23 |
2,894 | 3,074,470 | ||||||
Jefferies
Group LLC, |
2,804 | 2,951,799 | ||||||
Western
Union Co. (The), |
713 | 749,313 | ||||||
|
|
|||||||
91,042,587 | ||||||||
Electric — 5.3% | ||||||||
Alabama
Power Co., Series 13-A, |
895 | 947,340 | ||||||
American
Electric Power Co. Inc., Series M, |
410 | 409,069 | ||||||
Baltimore
Gas & Electric Co., |
1,290 | 1,339,162 | ||||||
Berkshire Hathaway Energy Co. |
||||||||
2.80%, 01/15/23 (Call 12/15/22) |
1,513 | 1,550,280 | ||||||
3.75%, 11/15/23 (Call 08/15/23)(a) |
1,984 | 2,091,275 | ||||||
Black
Hills Corp., 4.25%, 11/30/23 |
2,224 | 2,364,068 | ||||||
Connecticut
Light & Power Co. (The), |
1,732 | 1,763,903 | ||||||
Consolidated
Edison Inc., Series A, |
2,280 | 2,274,893 | ||||||
Consumers Energy Co. |
||||||||
0.35%, 06/01/23 (Call 05/01/23) |
760 | 757,340 | ||||||
3.38%, 08/15/23 (Call 05/15/23)(a) |
907 | 945,892 | ||||||
Delmarva
Power & Light Co., |
2,187 | 2,298,231 | ||||||
Duke Energy Carolinas LLC |
||||||||
2.50%, 03/15/23 (Call 01/15/23) |
1,201 | 1,229,236 | ||||||
3.05%, 03/15/23 (Call 02/15/23) |
1,226 | 1,266,458 | ||||||
Duke
Energy Corp., |
2,287 | 2,410,910 | ||||||
Duke
Energy Ohio Inc., |
1,150 | 1,206,845 | ||||||
Duke
Energy Progress LLC, |
770 | 806,837 | ||||||
Edison
International, |
1,599 | 1,635,793 | ||||||
Entergy Louisiana LLC |
||||||||
0.62%, 11/17/23 (Call 11/29/21)(a) |
2,671 | 2,666,406 | ||||||
4.05%, 09/01/23 (Call 06/01/23)(a) |
1,543 | 1,623,884 | ||||||
Evergy
Metro Inc., |
874 | 898,227 | ||||||
Eversource Energy |
||||||||
2.80%, 05/01/23 (Call 02/01/23) |
1,946 | 1,998,347 | ||||||
Series N, 3.80%, 12/01/23 (Call 11/01/23) |
1,517 | 1,604,834 |
38 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
|
||||||||
Electric (continued) | ||||||||
Florida
Power & Light Co., 2.75%, 06/01/23 |
$ | 1,877 | $ | 1,923,437 | ||||
Georgia Power Co., Series A, 2.10%, 07/30/23 |
2,040 | 2,089,164 | ||||||
National Rural Utilities Cooperative Finance Corp. |
||||||||
2.70%, 02/15/23 (Call 12/15/22) |
1,878 | 1,922,283 | ||||||
3.40%, 11/15/23 (Call 08/15/23)(a) |
924 | 969,202 | ||||||
NextEra Energy Capital Holdings Inc. |
||||||||
0.65%, 03/01/23 |
6,352 | 6,358,606 | ||||||
2.80%, 01/15/23 (Call 12/15/22) |
2,206 | 2,260,863 | ||||||
Northern
States Power Co./MN, |
1,392 | 1,420,981 | ||||||
OGE Energy Corp., 0.70%, 05/26/23 (Call 11/29/21) |
1,650 | 1,648,004 | ||||||
Oklahoma
Gas and Electric Co., |
265 | 264,377 | ||||||
Pacific Gas and Electric Co. |
||||||||
1.37%, 03/10/23 (Call 11/09/21) |
1,610 | 1,604,059 | ||||||
3.25%, 06/15/23 (Call 03/15/23) |
1,622 | 1,657,181 | ||||||
3.85%, 11/15/23 (Call 08/15/23) |
2,130 | 2,197,287 | ||||||
4.25%, 08/01/23 (Call 07/01/23) |
1,808 | 1,883,231 | ||||||
PacifiCorp, 2.95%, 06/01/23 (Call 03/01/23)(a) |
812 | 837,213 | ||||||
Public
Service Co. of New Hampshire, |
515 | 540,853 | ||||||
Public Service Electric & Gas Co. |
||||||||
2.38%, 05/15/23 (Call 02/15/23) |
1,739 | 1,779,675 | ||||||
3.25%, 09/01/23 (Call 08/01/23) |
1,197 | 1,252,002 | ||||||
San
Diego Gas & Electric Co., Series NNN, |
1,690 | 1,771,289 | ||||||
Sempra Energy |
||||||||
2.90%, 02/01/23 (Call 01/01/23)(a) |
2,135 | 2,190,852 | ||||||
4.05%, 12/01/23 (Call 09/01/23) |
1,784 | 1,888,953 | ||||||
Southern California Edison Co. |
||||||||
0.70%, 04/03/23 |
180 | 179,998 | ||||||
Series C, 3.50%, 10/01/23 (Call 07/01/23)(a) |
2,648 | 2,767,954 | ||||||
Series D, 3.40%, 06/01/23 (Call 05/01/23) |
1,156 | 1,199,997 | ||||||
Series J, 0.70%, 08/01/23 |
1,455 | 1,451,988 | ||||||
Southern
Co. (The), |
5,038 | 5,202,289 | ||||||
Virginia
Electric & Power Co., Series C, |
2,928 | 3,001,756 | ||||||
WEC Energy Group Inc., 0.55%, 09/15/23 |
2,403 | 2,394,998 | ||||||
Xcel Energy Inc., 0.50%, 10/15/23 (Call 09/15/23) |
1,774 | 1,767,596 | ||||||
|
|
|||||||
88,515,318 | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Emerson Electric Co., 2.63%, 02/15/23 (Call 11/15/22)(a) |
1,443 | 1,474,616 | ||||||
|
|
|||||||
Electronics — 0.4% | ||||||||
Agilent
Technologies Inc., 3.88%, 07/15/23 |
2,359 | 2,467,939 | ||||||
Arrow
Electronics Inc., 4.50%, 03/01/23 |
850 | 882,504 | ||||||
Flex Ltd., 5.00%, 02/15/23(a) |
1,483 | 1,559,938 | ||||||
Honeywell International Inc., 3.35%, 12/01/23 |
219 | 230,942 | ||||||
Trimble Inc., 4.15%, 06/15/23 (Call 05/15/23)(a) |
1,399 | 1,467,733 | ||||||
|
|
|||||||
6,609,056 | ||||||||
Environmental Control — 0.3% | ||||||||
Republic Services Inc., 4.75%, 05/15/23 (Call 02/15/23) |
1,476 | 1,554,080 | ||||||
Waste Management Inc., 2.40%, 05/15/23 (Call 03/15/23) |
3,156 | 3,234,616 | ||||||
|
|
|||||||
4,788,696 | ||||||||
Food — 1.1% | ||||||||
Campbell
Soup Co., |
2,929 | 3,040,273 | ||||||
Conagra Brands Inc. |
||||||||
0.50%, 08/11/23 (Call 08/11/22) |
100 | 99,543 | ||||||
3.20%, 01/25/23 (Call 10/25/22) |
1,563 | 1,601,794 | ||||||
General Mills Inc., 3.70%, 10/17/23 (Call 09/17/23) |
3,398 | 3,584,652 |
Security | Par (000) |
Value | ||||||
|
||||||||
Food (continued) | ||||||||
Hershey
Co. (The), |
$ | 2,350 | $ | 2,445,645 | ||||
Kellogg Co., 2.65%, 12/01/23 |
2,514 | 2,610,512 | ||||||
Kroger Co. (The), 3.85%, 08/01/23 (Call 05/01/23)(a) |
2,629 | 2,755,586 | ||||||
Tyson Foods Inc., 3.90%, 09/28/23 (Call 08/28/23) |
1,450 | 1,533,042 | ||||||
|
|
|||||||
17,671,047 | ||||||||
Gas — 0.5% | ||||||||
Atmos Energy Corp., 0.63%, 03/09/23 (Call 11/15/21) |
240 | 239,962 | ||||||
CenterPoint Energy Resources Corp. |
||||||||
0.70%, 03/02/23 (Call 11/29/21)(a) |
79 | 78,849 | ||||||
3.55%, 04/01/23 (Call 03/01/23) |
1,436 | 1,490,424 | ||||||
Eastern Energy Gas Holdings LLC, 3.55%, 11/01/23 (Call 08/01/23) |
1,311 | 1,374,072 | ||||||
National
Fuel Gas Co., 3.75%, 03/01/23 |
1,189 | 1,225,146 | ||||||
ONE Gas Inc., 0.85%, 03/11/23 (Call 11/29/21) |
3,000 | 2,999,880 | ||||||
Southern Co. Gas Capital Corp., 2.45%, 10/01/23 (Call 08/01/23)(a) |
1,177 | 1,211,286 | ||||||
|
|
|||||||
8,619,619 | ||||||||
Health Care - Products — 0.4% | ||||||||
Abbott
Laboratories, 3.40%, 11/30/23 |
4,379 | 4,607,890 | ||||||
Stryker Corp., 0.60%, 12/01/23 (Call 12/01/21) |
245 | 244,439 | ||||||
Zimmer
Biomet Holdings Inc., |
1,576 | 1,635,888 | ||||||
|
|
|||||||
6,488,217 | ||||||||
Health Care - Services — 1.6% | ||||||||
Aetna Inc., 2.80%, 06/15/23 (Call 04/15/23) |
5,410 | 5,575,925 | ||||||
Anthem Inc. |
||||||||
0.45%, 03/15/23(a) |
1,745 | 1,741,911 | ||||||
3.30%, 01/15/23 |
4,103 | 4,238,071 | ||||||
HCA Inc., 4.75%, 05/01/23 |
4,349 | 4,596,850 | ||||||
Humana Inc., 0.65%, 08/03/23 (Call 02/03/22)(a) |
125 | 124,890 | ||||||
Laboratory
Corp. of America Holdings, |
557 | 587,852 | ||||||
SSM
Health Care Corp., Series 2018, |
1,676 | 1,743,258 | ||||||
UnitedHealth Group Inc. |
||||||||
2.75%, 02/15/23 (Call 11/15/22) |
1,283 | 1,312,958 | ||||||
2.88%, 03/15/23 |
3,175 | 3,276,187 | ||||||
3.50%, 06/15/23(a) |
2,614 | 2,738,165 | ||||||
|
|
|||||||
25,936,067 | ||||||||
Holding Companies - Diversified — 0.3% | ||||||||
Ares Capital Corp., 3.50%, 02/10/23 (Call 01/10/23) |
3,059 | 3,153,432 | ||||||
Blackstone Secured Lending Fund, 3.65%, 07/14/23 |
1,165 | 1,210,726 | ||||||
|
|
|||||||
4,364,158 | ||||||||
Home Builders — 0.3% | ||||||||
DR Horton Inc. |
||||||||
4.75%, 02/15/23 (Call 11/15/22) |
1,917 | 1,995,060 | ||||||
5.75%, 08/15/23 (Call 05/15/23)(a) |
1,343 | 1,444,907 | ||||||
Lennar Corp., 4.88%, 12/15/23 (Call 09/15/23) |
1,798 | 1,927,977 | ||||||
|
|
|||||||
5,367,944 | ||||||||
Household Products & Wares — 0.1% | ||||||||
Kimberly-Clark Corp., 2.40%, 06/01/23 |
1,209 | 1,244,702 | ||||||
|
|
|||||||
Insurance — 1.8% | ||||||||
Allstate Corp. (The), 3.15%, 06/15/23(a) |
2,304 | 2,401,966 | ||||||
Aon
PLC, 4.00%, 11/27/23 |
1,467 | 1,551,514 | ||||||
Aspen Insurance Holdings Ltd., 4.65%, 11/15/23 |
951 | 1,017,950 | ||||||
Assurant
Inc., |
969 | 1,026,055 | ||||||
Berkshire Hathaway Inc. |
||||||||
2.75%, 03/15/23 (Call 01/15/23) |
7,397 | 7,599,752 | ||||||
3.00%, 02/11/23(a) |
2,268 | 2,340,440 |
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, 2021 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Insurance (continued) | ||||||||
Chubb INA Holdings Inc., 2.70%, 03/13/23(a) |
$ | 215 | $ | 221,465 | ||||
Equitable Holdings Inc., 3.90%, 04/20/23 (Call 03/20/23)(a) |
2,148 | 2,243,564 | ||||||
Lincoln National Corp., 4.00%, 09/01/23 |
1,805 | 1,910,990 | ||||||
Loews
Corp., 2.63%, 05/15/23 |
2,380 | 2,443,070 | ||||||
Marsh &
McLennan Companies Inc., 3.30%, 03/14/23 |
1,672 | 1,726,691 | ||||||
MetLife Inc., Series D, 4.37%, 09/15/23 |
3,712 | 3,960,258 | ||||||
Principal Financial Group Inc., 3.13%, 05/15/23 |
1,042 | 1,080,669 | ||||||
Reinsurance Group of America Inc., 4.70%, 09/15/23(a) |
548 | 585,812 | ||||||
|
|
|||||||
30,110,196 | ||||||||
Internet — 1.3% | ||||||||
Alibaba
Group Holding Ltd., |
2,324 | 2,389,188 | ||||||
Amazon.com Inc. |
||||||||
0.25%, 05/12/23 |
165 | 164,510 | ||||||
0.40%, 06/03/23 |
2,259 | 2,257,780 | ||||||
2.40%, 02/22/23 (Call 01/22/23)(a) |
4,665 | 4,775,374 | ||||||
Baidu Inc., 3.88%, 09/29/23 (Call 08/29/23) |
3,190 | 3,348,798 | ||||||
Booking Holdings Inc., 2.75%, 03/15/23 (Call 02/15/23) |
3,184 | 3,272,675 | ||||||
eBay Inc., 2.75%, 01/30/23 (Call 12/30/22) |
4,156 | 4,259,360 | ||||||
Expedia Group Inc., 3.60%, 12/15/23 (Call 11/15/23) |
1,709 | 1,798,124 | ||||||
|
|
|||||||
22,265,809 | ||||||||
Iron & Steel — 0.2% | ||||||||
Nucor
Corp., 4.00%, 08/01/23 |
2,258 | 2,371,871 | ||||||
Reliance
Steel & Aluminum Co., 4.50%, 04/15/23 |
1,783 | 1,861,006 | ||||||
|
|
|||||||
4,232,877 | ||||||||
Lodging — 0.2% | ||||||||
Hyatt Hotels Corp., 3.38%, 07/15/23 (Call 04/15/23) |
1,712 | 1,770,739 | ||||||
Marriott
International Inc./MD, Series Z, 4.15%, 12/01/23 |
1,160 | 1,229,449 | ||||||
|
|
|||||||
3,000,188 | ||||||||
Machinery — 2.1% | ||||||||
Caterpillar Financial Services Corp. |
||||||||
0.25%, 03/01/23(a) |
3,305 | 3,297,035 | ||||||
0.45%, 09/14/23(a) |
3,358 | 3,351,922 | ||||||
0.65%, 07/07/23 |
2,801 | 2,806,434 | ||||||
2.63%, 03/01/23 |
1,130 | 1,161,742 | ||||||
3.45%, 05/15/23 |
2,013 | 2,102,558 | ||||||
3.65%, 12/07/23 |
1,653 | 1,756,379 | ||||||
3.75%, 11/24/23 |
3,149 | 3,351,953 | ||||||
CNH Industrial Capital LLC, 1.95%, 07/02/23 |
1,845 | 1,877,933 | ||||||
CNH Industrial NV, 4.50%, 08/15/23 |
2,414 | 2,565,116 | ||||||
Crane Co., 4.45%, 12/15/23 (Call 09/15/23) |
410 | 437,138 | ||||||
John Deere Capital Corp. |
||||||||
0.25%, 01/17/23 |
75 | 74,781 | ||||||
0.40%, 10/10/23 |
183 | 182,565 | ||||||
0.70%, 07/05/23 |
369 | 369,878 | ||||||
1.20%, 04/06/23 |
1,681 | 1,697,793 | ||||||
2.70%, 01/06/23 |
757 | 776,538 | ||||||
2.80%, 01/27/23 |
1,752 | 1,802,440 | ||||||
2.80%, 03/06/23 |
3,519 | 3,628,195 | ||||||
3.45%, 06/07/23 |
993 | 1,038,966 | ||||||
3.65%, 10/12/23(a) |
2,826 | 2,995,193 | ||||||
nVent Finance Sarl, 3.95%, 04/15/23 (Call 03/15/23)(a) |
255 | 264,019 | ||||||
Rockwell
Automation Inc., 0.35%, 08/15/23 |
65 | 64,863 | ||||||
|
|
|||||||
35,603,441 |
Security | Par (000) |
Value | ||||||
Manufacturing — 0.7% | ||||||||
3M Co. |
||||||||
1.75%, 02/14/23 (Call 01/14/23) |
$ | 2,654 | $ | 2,695,376 | ||||
2.25%, 03/15/23 (Call 02/15/23)(a) |
3,049 | 3,117,785 | ||||||
Carlisle Companies Inc., 0.55%, 09/01/23 (Call 09/01/22) |
5 | 4,978 | ||||||
General Electric Co., 3.10%, 01/09/23 |
1,770 | 1,821,932 | ||||||
Trane
Technologies Global Holding Co. Ltd., 4.25%, |
3,151 | 3,329,032 | ||||||
|
|
|||||||
10,969,103 | ||||||||
Media — 0.6% | ||||||||
Discovery
Communications LLC, 2.95%, 03/20/23 |
3,405 | 3,505,414 | ||||||
Thomson Reuters Corp., 4.30%, 11/23/23 (Call 08/23/23) |
2,576 | 2,738,133 | ||||||
Time Warner Entertainment Co. LP, 8.38%, 03/15/23(a) |
3,974 | 4,382,090 | ||||||
|
|
|||||||
10,625,637 | ||||||||
Metal Fabricate & Hardware — 0.3% | ||||||||
Precision Castparts Corp., 2.50%, 01/15/23 (Call 10/15/22) |
4,506 | 4,592,200 | ||||||
|
|
|||||||
Mining — 0.2% | ||||||||
BHP Billiton Finance USA Ltd., 3.85%, 09/30/23(a) |
2,277 | 2,416,944 | ||||||
Newmont Corp., 3.70%, 03/15/23 (Call 12/15/22) |
702 | 724,338 | ||||||
|
|
|||||||
3,141,282 | ||||||||
Oil & Gas — 5.5% | ||||||||
BP Capital Markets America Inc. |
||||||||
2.75%, 05/10/23 |
3,969 | 4,096,484 | ||||||
2.94%, 04/06/23 |
1,197 | 1,235,639 | ||||||
3.22%, 11/28/23 (Call 09/28/23) |
3,525 | 3,690,992 | ||||||
BP Capital Markets PLC |
||||||||
2.75%, 05/10/23(a) |
992 | 1,023,804 | ||||||
3.99%, 09/26/23 |
2,770 | 2,943,153 | ||||||
Canadian
Natural Resources Ltd., 2.95%, 01/15/23 |
4,174 | 4,275,720 | ||||||
Chevron Corp. |
||||||||
1.14%, 05/11/23(a) |
1,916 | 1,933,991 | ||||||
2.57%, 05/16/23 (Call 03/16/23)(a) |
4,007 | 4,116,431 | ||||||
3.19%, 06/24/23 (Call 03/24/23)(a) |
7,163 | 7,426,312 | ||||||
Chevron USA Inc., 0.43%, 08/11/23 |
3,081 | 3,075,362 | ||||||
EOG Resources Inc., 2.63%, 03/15/23 (Call 12/15/22) |
5,830 | 5,962,108 | ||||||
Exxon Mobil Corp. |
||||||||
1.57%, 04/15/23 |
8,775 | 8,910,749 | ||||||
2.73%, 03/01/23 (Call 01/01/23) |
4,401 | 4,514,414 | ||||||
HollyFrontier Corp., 2.63%, 10/01/23 |
1,333 | 1,370,617 | ||||||
Marathon Petroleum Corp. |
||||||||
4.50%, 05/01/23 (Call 04/01/23) |
4,313 | 4,531,410 | ||||||
4.75%, 12/15/23 (Call 10/15/23)(a) |
2,620 | 2,815,111 | ||||||
Phillips 66, 3.70%, 04/06/23 |
2,468 | 2,571,533 | ||||||
Shell International Finance BV |
||||||||
0.38%, 09/15/23 |
3,242 | 3,232,923 | ||||||
2.25%, 01/06/23 |
3,256 | 3,323,627 | ||||||
3.40%, 08/12/23 |
4,277 | 4,489,439 | ||||||
3.50%, 11/13/23 (Call 10/13/23) |
3,314 | 3,500,379 | ||||||
Suncor Energy Inc., 2.80%, 05/15/23 |
1,320 | 1,359,666 | ||||||
TotalEnergies Capital Canada Ltd., 2.75%, 07/15/23 |
4,378 | 4,539,592 | ||||||
TotalEnergies Capital International SA, 2.70%, 01/25/23 |
4,008 | 4,114,172 | ||||||
Valero Energy Corp., 2.70%, 04/15/23(a) |
3,302 | 3,393,399 | ||||||
|
|
|||||||
92,447,027 | ||||||||
Oil & Gas Services — 0.5% | ||||||||
Halliburton Co., 3.50%, 08/01/23 (Call 05/01/23) |
2,546 | 2,652,372 | ||||||
Schlumberger
Investment SA, 3.65%, 12/01/23 |
5,336 | 5,621,849 | ||||||
|
|
|||||||
8,274,221 |
40 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
|
||||||||
Packaging & Containers — 0.1% | ||||||||
WestRock
RKT LLC, |
$ | 1,718 | $ | 1,778,542 | ||||
|
|
|||||||
Pharmaceuticals — 6.5% | ||||||||
AbbVie Inc. |
||||||||
2.85%, 05/14/23 (Call 03/14/23)(a) |
3,818 | 3,929,715 | ||||||
3.75%, 11/14/23 (Call 10/14/23)(a) |
4,908 | 5,191,535 | ||||||
AmerisourceBergen
Corp., |
4,165 | 4,167,207 | ||||||
AstraZeneca PLC |
||||||||
0.30%, 05/26/23 |
1,475 | 1,470,604 | ||||||
3.50%, 08/17/23 (Call 07/17/23) |
3,643 | 3,819,868 | ||||||
Bristol-Myers Squibb Co. |
||||||||
0.54%, 11/13/23 (Call 11/29/21) |
2,455 | 2,452,348 | ||||||
2.75%, 02/15/23 (Call 01/15/23) |
3,296 | 3,385,915 | ||||||
3.25%, 02/20/23 (Call 01/20/23) |
3,084 | 3,188,733 | ||||||
3.25%, 11/01/23(a) |
1,395 | 1,468,028 | ||||||
Cardinal
Health Inc., Series 2021-4, |
1,996 | 2,063,305 | ||||||
Cigna Corp. |
||||||||
3.00%, 07/15/23 (Call 05/16/23) |
3,645 | 3,770,279 | ||||||
3.75%, 07/15/23 (Call 06/15/23) |
3,710 | 3,895,648 | ||||||
CVS Health Corp. |
||||||||
3.70%, 03/09/23 (Call 02/09/23) |
8,253 | 8,575,362 | ||||||
4.00%, 12/05/23 (Call 09/05/23) |
495 | 524,329 | ||||||
GlaxoSmithKline Capital Inc. |
||||||||
2.80%, 03/18/23 |
3,994 | 4,119,332 | ||||||
3.38%, 05/15/23 |
4,064 | 4,240,337 | ||||||
GlaxoSmithKline
Capital PLC, |
3,758 | 3,752,889 | ||||||
Johnson & Johnson |
||||||||
2.05%, 03/01/23 (Call 01/01/23)(a) |
2,801 | 2,853,659 | ||||||
3.38%, 12/05/23(a) |
2,422 | 2,565,189 | ||||||
McKesson
Corp., |
1,652 | 1,690,789 | ||||||
Merck &
Co. Inc., |
6,713 | 6,947,955 | ||||||
Mylan
Inc., |
1,770 | 1,872,394 | ||||||
Pfizer Inc. |
||||||||
3.00%, 06/15/23 |
4,160 | 4,323,613 | ||||||
3.20%, 09/15/23 (Call 08/15/23)(a) |
4,153 | 4,346,447 | ||||||
Sanofi, |
4,272 | 4,460,011 | ||||||
Shire
Acquisitions Investments Ireland DAC, |
8,272 | 8,570,454 | ||||||
Takeda
Pharmaceutical Co. Ltd., |
4,769 | 5,104,308 | ||||||
Zoetis
Inc., |
5,727 | 5,878,937 | ||||||
|
|
|||||||
108,629,190 | ||||||||
Pipelines — 3.4% | ||||||||
Boardwalk
Pipelines LP, |
728 | 745,166 | ||||||
Enbridge Inc. |
||||||||
0.55%, 10/04/23 |
1,400 | 1,395,716 | ||||||
4.00%, 10/01/23 (Call 07/01/23) |
3,210 | 3,379,103 | ||||||
Energy Transfer LP |
||||||||
3.45%, 01/15/23 (Call 10/15/22) |
969 | 991,297 | ||||||
3.60%, 02/01/23 (Call 11/01/22) |
2,656 | 2,727,340 | ||||||
4.25%, 03/15/23 (Call 12/15/22) |
3,013 | 3,124,421 | ||||||
Series 5Y, 4.20%, 09/15/23 (Call 08/15/23) |
2,130 | 2,246,362 | ||||||
Energy
Transfer LP/Regency Energy Finance Corp., |
2,338 | 2,472,809 | ||||||
Enterprise
Products Operating LLC, |
5,368 | 5,534,462 | ||||||
Kinder Morgan Energy Partners LP |
||||||||
3.45%, 02/15/23 (Call 11/15/22)(a) |
2,460 | 2,530,627 | ||||||
3.50%, 09/01/23 (Call 06/01/23) |
2,337 | 2,433,775 |
Security | Par (000) |
Value | ||||||
|
||||||||
Pipelines (continued) | ||||||||
Kinder
Morgan Inc., |
$ | 3,702 | $ | 3,804,471 | ||||
MPLX LP |
||||||||
3.38%, 03/15/23 (Call 02/15/23) |
1,712 | 1,769,951 | ||||||
4.50%, 07/15/23 (Call 04/15/23) |
4,002 | 4,208,943 | ||||||
ONEOK
Inc., |
1,155 | 1,273,492 | ||||||
ONEOK
Partners LP, |
1,924 | 2,047,213 | ||||||
Plains All American Pipeline LP/PAA Finance Corp. |
||||||||
2.85%, 01/31/23 (Call 10/31/22) |
1,616 | 1,645,961 | ||||||
3.85%, 10/15/23 (Call 07/15/23) |
2,601 | 2,724,678 | ||||||
Sabine
Pass Liquefaction LLC, |
3,896 | 4,117,721 | ||||||
TransCanada
PipeLines Ltd., |
2,345 | 2,462,719 | ||||||
Williams Companies Inc. (The) |
||||||||
3.70%, 01/15/23 (Call 10/15/22) |
2,983 | 3,067,538 | ||||||
4.50%, 11/15/23 (Call 08/15/23) |
2,569 | 2,732,388 | ||||||
|
|
|||||||
57,436,153 | ||||||||
Real Estate Investment Trusts — 2.3% | ||||||||
American Campus Communities Operating Partnership LP, 3.75%, 04/15/23 (Call 01/15/23) |
1,595 | 1,653,202 | ||||||
American Tower Corp. |
||||||||
3.00%, 06/15/23(a) |
2,879 | 2,984,458 | ||||||
3.50%, 01/31/23 |
4,060 | 4,204,049 | ||||||
AvalonBay
Communities Inc., |
1,079 | 1,149,178 | ||||||
Boston
Properties LP, |
2,032 | 2,107,590 | ||||||
Brandywine
Operating Partnership LP, |
1,025 | 1,058,743 | ||||||
CC
Holdings GS V LLC/Crown Castle GS III Corp., |
3,750 | 3,918,375 | ||||||
Crown
Castle International Corp., |
2,821 | 2,930,116 | ||||||
CubeSmart
LP, |
835 | 888,974 | ||||||
ERP
Operating LP, |
2,565 | 2,639,411 | ||||||
Essex
Portfolio LP, |
1,133 | 1,168,950 | ||||||
GLP
Capital LP/GLP Financing II Inc., |
1,605 | 1,723,561 | ||||||
Host
Hotels & Resorts LP, Series D, |
1,170 | 1,219,959 | ||||||
Kimco
Realty Corp., |
1,328 | 1,370,217 | ||||||
Mid-America
Apartments LP, |
350 | 370,654 | ||||||
Omega
Healthcare Investors Inc., |
1,346 | 1,417,042 | ||||||
Piedmont
Operating Partnership LP, |
640 | 660,064 | ||||||
Realty
Income Corp., |
3,315 | 3,516,320 | ||||||
Simon
Property Group LP, |
2,568 | 2,642,164 | ||||||
|
|
|||||||
37,623,027 | ||||||||
Retail — 2.6% | ||||||||
AutoZone Inc. |
||||||||
2.88%, 01/15/23 (Call 10/15/22) |
1,447 | 1,477,705 | ||||||
3.13%, 07/15/23 (Call 04/15/23)(a) |
2,218 | 2,297,050 | ||||||
Dollar
General Corp., |
4,279 | 4,412,676 | ||||||
Dollar
Tree Inc., 3.70%, 05/15/23 |
4,326 | 4,509,682 | ||||||
Home
Depot Inc. (The), |
4,426 | 4,543,333 | ||||||
Lowe’s
Companies Inc., |
1,977 | 2,079,824 | ||||||
McDonald’s
Corp., |
4,795 | 4,973,853 | ||||||
O’Reilly
Automotive Inc., |
1,596 | 1,664,867 | ||||||
Starbucks Corp. |
||||||||
3.10%, 03/01/23 (Call 02/01/23) |
4,623 | 4,767,145 |
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, 2021 |
iShares® iBonds® Dec 2023 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par |
Value | ||||||
Retail (continued) | ||||||||
3.85%, 10/01/23 (Call 07/01/23) |
$ | 2,736 | $ | 2,880,844 | ||||
TJX Companies Inc. (The), 2.50%, 05/15/23 (Call 02/15/23) |
2,161 | 2,216,257 | ||||||
Walmart Inc. |
||||||||
2.55%, 04/11/23 (Call 01/11/23) |
7,072 | 7,256,226 | ||||||
3.40%, 06/26/23 (Call 05/26/23) |
1,000 | 1,045,350 | ||||||
|
|
|||||||
44,124,812 | ||||||||
Semiconductors — 1.4% | ||||||||
Altera Corp., 4.10%, 11/15/23(a) |
1,382 | 1,475,326 | ||||||
Marvell
Technology Group Ltd., 4.20%, 06/22/23 |
1,605 | 1,681,382 | ||||||
Marvell
Technology Inc., 4.20%, 06/22/23 |
75 | 78,664 | ||||||
Maxim
Integrated Products Inc., 3.38%, 03/15/23 |
1,588 | 1,640,118 | ||||||
Microchip Technology Inc. |
||||||||
2.67%, 09/01/23(a) |
3,270 | 3,372,351 | ||||||
4.33%, 06/01/23 (Call 05/01/23)(a) |
4,053 | 4,261,284 | ||||||
Micron Technology Inc., 2.50%, 04/24/23 |
4,676 | 4,797,155 | ||||||
NVIDIA Corp., 0.31%, 06/15/23 (Call 06/15/22)(a) |
110 | 109,671 | ||||||
QUALCOMM
Inc., 2.60%, 01/30/23 |
4,867 | 4,986,680 | ||||||
Skyworks Solutions Inc., 0.90%, 06/01/23 (Call 06/01/22) |
200 | 200,046 | ||||||
Texas Instruments Inc., 2.25%, 05/01/23 (Call 02/01/23) |
959 | 979,551 | ||||||
|
|
|||||||
23,582,228 | ||||||||
Shipbuilding — 0.0% | ||||||||
Huntington
Ingalls Industries Inc., 0.67%, 08/16/23 |
150 | 149,527 | ||||||
|
|
|||||||
Software — 3.2% | ||||||||
Adobe Inc., 1.70%, 02/01/23 |
2,492 | 2,531,523 | ||||||
Fidelity National Information Services Inc., 0.38%, 03/01/23 |
3,030 | 3,020,698 | ||||||
Fiserv Inc., 3.80%, 10/01/23 (Call 09/01/23) |
4,408 | 4,651,278 | ||||||
Intuit Inc., 0.65%, 07/15/23 |
2,662 | 2,665,674 | ||||||
Microsoft Corp. |
||||||||
2.00%, 08/08/23 (Call 06/08/23) |
4,858 | 4,974,786 | ||||||
2.38%, 05/01/23 (Call 02/01/23) |
3,738 | 3,827,301 | ||||||
3.63%, 12/15/23 (Call 09/15/23) |
5,408 | 5,717,392 | ||||||
Oracle Corp. |
||||||||
2.40%, 09/15/23 (Call 07/15/23) |
8,280 | 8,508,280 | ||||||
2.63%, 02/15/23 (Call 01/15/23) |
3,610 | 3,701,874 | ||||||
3.63%, 07/15/23 |
3,728 | 3,912,946 | ||||||
Roper Technologies Inc., 3.65%, 09/15/23 (Call 08/15/23) |
3,318 | 3,491,697 | ||||||
salesforce.com Inc., 3.25%, 04/11/23 (Call 03/11/23) |
4,871 | 5,054,296 | ||||||
VMware Inc., 0.60%, 08/15/23(a) |
1,255 | 1,252,113 | ||||||
|
|
|||||||
53,309,858 | ||||||||
Telecommunications — 0.9% | ||||||||
AT&T Inc., 4.05%, 12/15/23(a) |
1,995 | 2,130,820 | ||||||
British
Telecommunications PLC, 4.50%, 12/04/23 |
2,363 | 2,529,497 | ||||||
Cisco Systems Inc. |
||||||||
2.20%, 09/20/23 (Call 07/20/23)(a) |
3,764 | 3,872,554 | ||||||
2.60%, 02/28/23 |
1,427 | 1,466,185 | ||||||
Rogers Communications Inc. |
||||||||
3.00%, 03/15/23 (Call 12/15/22)(a) |
1,961 | 2,010,182 |
Security | Par/ Shares (000) |
Value | ||||||
Telecommunications (continued) | ||||||||
4.10%, 10/01/23 (Call 07/01/23) |
$ | 2,765 | $ | 2,914,420 | ||||
Vodafone Group PLC, 2.95%, 02/19/23 |
250 | 257,155 | ||||||
|
|
|||||||
15,180,813 | ||||||||
Textiles — 0.0% | ||||||||
Mohawk Industries Inc., 3.85%, 02/01/23 (Call 11/01/22)(a) |
710 | 732,351 | ||||||
|
|
|||||||
Transportation — 1.6% | ||||||||
Burlington Northern Santa Fe LLC |
||||||||
3.00%, 03/15/23 (Call 12/15/22) |
3,282 | 3,374,684 | ||||||
3.85%, 09/01/23 (Call 06/01/23)(a) |
3,273 | 3,442,541 | ||||||
Canadian Pacific Railway Co., 4.45%, 03/15/23 (Call 12/15/22) |
972 | 1,011,949 | ||||||
Kansas City Southern, 3.00%, 05/15/23 (Call 02/15/23)(a) |
694 | 715,243 | ||||||
Norfolk Southern Corp., 2.90%, 02/15/23 (Call 11/15/22)(a) |
3,166 | 3,241,636 | ||||||
Ryder System Inc. |
||||||||
3.40%, 03/01/23 (Call 02/01/23)(a) |
1,722 | 1,781,478 | ||||||
3.75%, 06/09/23 (Call 05/09/23) |
1,623 | 1,697,528 | ||||||
3.88%, 12/01/23 (Call 11/01/23) |
1,053 | 1,116,696 | ||||||
Union Pacific Corp. |
||||||||
2.75%, 04/15/23 (Call 01/15/23)(a) |
1,540 | 1,579,085 | ||||||
2.95%, 01/15/23 (Call 10/15/22) |
1,418 | 1,450,004 | ||||||
3.50%, 06/08/23 (Call 05/08/23)(a) |
2,446 | 2,553,037 | ||||||
United Parcel Service Inc., 2.50%, 04/01/23 (Call 03/01/23) |
4,234 | 4,344,042 | ||||||
|
|
|||||||
26,307,923 | ||||||||
|
|
|||||||
Total
Corporate Bonds & Notes — 96.6% |
|
1,609,509,519 | ||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 6.5% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(c)(d)(e) |
63,821 | 63,852,862 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d) |
45,305 | 45,305,000 | ||||||
|
|
|||||||
109,157,862 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 6.5% |
|
109,157,862 | ||||||
|
|
|||||||
Total
Investments in Securities — 103.1% |
|
1,718,667,381 | ||||||
Other Assets, Less Liabilities — (3.1)% |
|
(52,193,027 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 1,666,474,354 | |||||
|
|
(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. |
42 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2023 Term Corporate ETF
|
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value
at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value
at 10/31/21 |
Shares Held at 10/31/21 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 58,714,847 | $ | 5,147,909 | (a) | $ | — | $ | (6,263 | ) | $ | (3,631 | ) | $ | 63,852,862 | 63,821 | $ | 106,367 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
5,475,000 | 39,830,000 | (a) | — | — | — | 45,305,000 | 45,305 | 3,942 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (6,263 | ) | $ | (3,631 | ) | $ | 109,157,862 | $ | 110,309 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 |
$ | — | $ | 1,609,509,519 | $ | — | $ | 1,609,509,519 | ||||||||
Money Market Funds |
109,157,862 | — | — | 109,157,862 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 109,157,862 | $ | 1,609,509,519 | $ | — | $ | 1,718,667,381 | |||||||||
|
|
|
|
|
|
|
|
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, 2021 |
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)(a) |
$ | 2,914 | $ | 3,110,987 | ||||
WPP Finance 2010, 3.75%, 09/19/24 |
2,542 | 2,727,871 | ||||||
|
|
|||||||
5,838,858 | ||||||||
Aerospace & Defense — 1.3% | ||||||||
Boeing Co. (The) |
||||||||
1.43%, 02/04/24 (Call 02/04/22) |
5,495 | 5,498,242 | ||||||
1.95%, 02/01/24(a) |
2,853 | 2,906,009 | ||||||
2.80%, 03/01/24 (Call 02/01/24)(a) |
1,091 | 1,127,123 | ||||||
2.85%, 10/30/24 (Call 07/30/24) |
956 | 992,098 | ||||||
General
Dynamics Corp., 2.38%, 11/15/24 |
2,500 | 2,602,700 | ||||||
L3Harris
Technologies Inc., 3.95%, 05/28/24 |
1,158 | 1,232,992 | ||||||
Raytheon Technologies Corp., 3.20%, 03/15/24 (Call 01/15/24) |
4,140 | 4,351,637 | ||||||
Teledyne
Technologies Inc., 0.95%, 04/01/24 |
1,455 | 1,453,356 | ||||||
|
|
|||||||
20,164,157 | ||||||||
Agriculture — 1.5% | ||||||||
Altria Group Inc. |
||||||||
3.80%, 02/14/24 (Call 01/14/24) |
309 | 327,756 | ||||||
4.00%, 01/31/24 |
670 | 714,428 | ||||||
BAT Capital Corp. |
||||||||
2.79%, 09/06/24 (Call 08/06/24) |
3,739 | 3,890,579 | ||||||
3.22%, 08/15/24 (Call 06/15/24) |
8,062 | 8,466,067 | ||||||
Bunge Ltd. Finance Corp., 4.35%, 03/15/24 (Call 02/15/24) |
2,429 | 2,609,669 | ||||||
Philip Morris International Inc. |
||||||||
2.88%, 05/01/24 (Call 04/01/24) |
3,596 | 3,764,868 | ||||||
3.25%, 11/10/24 |
3,161 | 3,364,727 | ||||||
|
|
|||||||
23,138,094 | ||||||||
Airlines — 0.1% | ||||||||
Continental
Airlines 2012-2 Class A Pass Through Trust, |
541 | 566,191 | ||||||
United Airlines Pass Through Trust, Series 2012-1 A, Class A, 4.15%, 04/11/24 |
625 | 654,326 | ||||||
|
|
|||||||
1,220,517 | ||||||||
Auto Manufacturers — 3.4% | ||||||||
American Honda Finance Corp. |
||||||||
0.55%, 07/12/24 |
2,647 | 2,617,327 | ||||||
0.75%, 08/09/24(a) |
195 | 193,777 | ||||||
2.15%, 09/10/24 |
2,367 | 2,442,768 | ||||||
2.40%, 06/27/24(a) |
2,068 | 2,146,129 | ||||||
2.90%, 02/16/24 |
1,608 | 1,681,051 | ||||||
3.55%, 01/12/24 |
2,124 | 2,246,895 | ||||||
General Motors Financial Co. Inc. |
||||||||
1.05%, 03/08/24 |
2,545 | 2,538,587 | ||||||
1.20%, 10/15/24 |
1,460 | 1,454,029 | ||||||
3.50%, 11/07/24 (Call 09/07/24) |
3,307 | 3,501,518 | ||||||
3.95%, 04/13/24 (Call 02/13/24) |
3,979 | 4,223,350 | ||||||
5.10%, 01/17/24 (Call 12/17/23)(a) |
4,475 | 4,844,545 | ||||||
PACCAR Financial Corp. |
||||||||
0.35%, 02/02/24 |
873 | 864,846 | ||||||
0.50%, 08/09/24 |
575 | 569,037 | ||||||
2.15%, 08/15/24(a) |
1,539 | 1,589,787 | ||||||
Toyota Motor Corp. |
||||||||
0.68%, 03/25/24 (Call 02/25/24) |
3,595 | 3,579,362 | ||||||
2.36%, 07/02/24 |
1,440 | 1,495,901 |
Security | Par (000) |
Value | ||||||
Auto Manufacturers (continued) | ||||||||
Toyota Motor Credit Corp. |
||||||||
0.45%, 01/11/24 |
$ | 2,854 | $ | 2,832,053 | ||||
0.50%, 06/18/24 |
3,035 | 3,004,134 | ||||||
0.63%, 09/13/24 |
3,205 | 3,179,007 | ||||||
2.00%, 10/07/24 |
1,622 | 1,671,714 | ||||||
2.90%, 04/17/24 |
2,520 | 2,643,808 | ||||||
3.35%, 01/08/24(a) |
1,319 | 1,392,521 | ||||||
|
|
|||||||
50,712,146 | ||||||||
Auto Parts & Equipment — 0.4% | ||||||||
Aptiv Corp., 4.15%, 03/15/24 (Call 12/15/23) |
2,701 | 2,882,507 | ||||||
Magna International Inc., 3.63%, 06/15/24 (Call 03/15/24)(a) |
2,820 | 3,007,135 | ||||||
|
|
|||||||
5,889,642 | ||||||||
Banks — 25.1% | ||||||||
Banco Santander SA, 2.71%, 06/27/24 |
5,100 | 5,318,943 | ||||||
Bank of America Corp. |
||||||||
4.00%, 04/01/24(a) |
7,396 | 7,936,352 | ||||||
4.13%, 01/22/24 |
7,554 | 8,095,924 | ||||||
4.20%, 08/26/24 |
9,631 | 10,417,371 | ||||||
Bank of Montreal |
||||||||
0.63%, 07/09/24 |
4,105 | 4,065,551 | ||||||
2.50%, 06/28/24 |
3,689 | 3,838,183 | ||||||
Series E, 3.30%, 02/05/24(a) |
6,117 | 6,447,991 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
0.50%, 04/26/24 (Call 03/26/24) |
565 | 560,904 | ||||||
2.10%, 10/24/24 |
3,277 | 3,392,285 | ||||||
3.25%, 09/11/24 (Call 08/11/24)(a) |
1,924 | 2,046,770 | ||||||
3.40%, 05/15/24 (Call 04/15/24) |
1,575 | 1,671,894 | ||||||
Series 12, 3.65%, 02/04/24 (Call 01/05/24) |
2,308 | 2,450,727 | ||||||
Series J, 0.85%, 10/25/24 (Call 09/25/24) |
860 | 857,996 | ||||||
Bank of Nova Scotia (The) |
||||||||
0.65%, 07/31/24 |
3,185 | 3,155,730 | ||||||
0.70%, 04/15/24 |
2,575 | 2,558,881 | ||||||
3.40%, 02/11/24 |
4,620 | 4,876,549 | ||||||
Barclays Bank PLC, 3.75%, 05/15/24 |
865 | 927,643 | ||||||
Barclays PLC, 4.38%, 09/11/24 |
3,989 | 4,309,875 | ||||||
BBVA USA, 2.50%, 08/27/24 (Call 07/27/24)(a) |
2,277 | 2,370,995 | ||||||
BNP Paribas SA, 4.25%, 10/15/24(a) |
3,310 | 3,605,120 | ||||||
BPCE SA, 4.00%, 04/15/24(a) |
4,907 | 5,264,868 | ||||||
Canadian Imperial Bank of Commerce |
||||||||
1.00%, 10/18/24 |
3,000 | 2,987,490 | ||||||
3.10%, 04/02/24(a) |
3,899 | 4,100,032 | ||||||
Citibank
N.A., 3.65%, 01/23/24 |
6,401 | 6,785,508 | ||||||
Citigroup Inc. |
||||||||
3.75%, 06/16/24 |
2,131 | 2,282,024 | ||||||
4.00%, 08/05/24(a) |
2,906 | 3,124,589 | ||||||
Comerica Bank, 2.50%, 07/23/24(a) |
2,250 | 2,345,423 | ||||||
Cooperatieve Rabobank U.A./New York, 0.38%, 01/12/24 |
1,265 | 1,252,375 | ||||||
Credit
Agricole Corporate & Investment Bank SA, 0.78%, |
265 | 262,244 | ||||||
Credit Suisse AG/New York NY |
||||||||
0.50%, 02/02/24 |
4,239 | 4,204,028 | ||||||
3.63%, 09/09/24 |
9,983 | 10,674,722 | ||||||
Deutsche Bank AG/London, 3.70%, 05/30/24 |
2,853 | 3,018,816 | ||||||
Deutsche Bank AG/New York NY |
||||||||
0.90%, 05/28/24 |
3,390 | 3,366,677 | ||||||
3.70%, 05/30/24 |
2,328 | 2,464,956 | ||||||
Discover Bank, 2.45%, 09/12/24 (Call 08/12/24) |
3,024 | 3,127,572 | ||||||
Fifth Third Bancorp |
||||||||
3.65%, 01/25/24 (Call 12/25/23) |
5,586 | 5,910,714 | ||||||
4.30%, 01/16/24 (Call 12/16/23) |
2,840 | 3,034,086 |
44 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
|
||||||||
Banks (continued) | ||||||||
Goldman Sachs Group Inc. (The) |
||||||||
3.63%, 02/20/24 (Call 01/20/24) |
$ | 5,158 | $ | 5,454,998 | ||||
3.85%, 07/08/24 (Call 04/08/24) |
7,186 | 7,660,060 | ||||||
4.00%, 03/03/24 |
9,419 | 10,059,115 | ||||||
HSBC Holdings PLC, 4.25%, 03/14/24 |
6,708 | 7,145,764 | ||||||
HSBC USA Inc., 3.50%, 06/23/24(a) |
2,730 | 2,910,944 | ||||||
Huntington Bancshares Inc./OH, 2.63%, 08/06/24 (Call 07/06/24) |
3,531 | 3,668,780 | ||||||
ING Groep NV, 3.55%, 04/09/24 |
4,407 | 4,676,664 | ||||||
Intesa Sanpaolo SpA, 5.25%, 01/12/24 |
725 | 785,719 | ||||||
JPMorgan Chase & Co. |
||||||||
3.63%, 05/13/24 |
6,397 | 6,834,363 | ||||||
3.88%, 02/01/24(a) |
4,764 | 5,081,997 | ||||||
3.88%, 09/10/24 |
9,447 | 10,157,131 | ||||||
Lloyds Banking Group PLC |
||||||||
3.90%, 03/12/24 |
3,057 | 3,258,273 | ||||||
4.50%, 11/04/24 |
3,727 | 4,056,131 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
2.80%, 07/18/24 |
3,499 | 3,657,306 | ||||||
3.41%, 03/07/24(a) |
5,216 | 5,507,940 | ||||||
Morgan Stanley |
||||||||
3.70%, 10/23/24 |
9,927 | 10,647,105 | ||||||
Series F, 3.88%, 04/29/24(a) |
10,032 | 10,710,966 | ||||||
National Bank of Canada, 0.75%, 08/06/24 |
915 | 907,488 | ||||||
Natwest Group PLC, 5.13%, 05/28/24 |
3,781 | 4,129,722 | ||||||
People’s United Bank N.A., 4.00%, 07/15/24 (Call 04/16/24) |
499 | 528,700 | ||||||
PNC Bank N.A., 3.30%, 10/30/24 (Call 09/30/24) |
849 | 906,893 | ||||||
PNC Financial Services Group Inc. (The) |
||||||||
2.20%, 11/01/24 (Call 10/02/24) |
2,558 | 2,656,816 | ||||||
3.50%, 01/23/24 (Call 12/23/23) |
4,736 | 5,001,263 | ||||||
3.90%, 04/29/24 (Call 03/29/24) |
2,748 | 2,937,227 | ||||||
Royal Bank of Canada |
||||||||
0.43%, 01/19/24 |
2,131 | 2,112,716 | ||||||
0.65%, 07/29/24 |
4,075 | 4,039,181 | ||||||
0.75%, 10/07/24 |
4,500 | 4,459,995 | ||||||
2.25%, 11/01/24 |
5,053 | 5,232,179 | ||||||
2.55%, 07/16/24 |
4,529 | 4,719,716 | ||||||
Santander Holdings USA Inc., 3.50%, 06/07/24 (Call 05/07/24) |
3,858 | 4,071,656 | ||||||
Santander UK PLC |
||||||||
2.88%, 06/18/24(a) |
335 | 351,023 | ||||||
4.00%, 03/13/24(a) |
4,070 | 4,361,209 | ||||||
Sumitomo Mitsui Banking Corp. |
||||||||
3.40%, 07/11/24(a) |
872 | 927,581 | ||||||
3.95%, 01/10/24 |
720 | 767,930 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
0.51%, 01/12/24(a) |
699 | 693,541 | ||||||
2.45%, 09/27/24 |
3,663 | 3,796,553 | ||||||
2.70%, 07/16/24 |
6,682 | 6,960,573 | ||||||
Toronto-Dominion Bank (The) |
||||||||
0.55%, 03/04/24 |
2,295 | 2,277,856 | ||||||
0.70%, 09/10/24 |
3,080 | 3,056,315 | ||||||
2.65%, 06/12/24(a) |
4,987 | 5,207,575 | ||||||
3.25%, 03/11/24 |
4,020 | 4,240,537 | ||||||
Truist Bank |
||||||||
2.15%, 12/06/24 (Call 11/05/24) |
3,738 | 3,861,728 | ||||||
3.20%, 04/01/24 (Call 03/01/24) |
4,086 | 4,304,805 | ||||||
Truist Financial Corp. |
||||||||
2.50%, 08/01/24 (Call 07/01/24) |
3,050 | 3,178,222 | ||||||
2.85%, 10/26/24 (Call 09/26/24) |
3,803 | 4,004,939 |
Security |
Par |
Value | ||||||
|
||||||||
Banks (continued) |
||||||||
U.S. Bancorp |
||||||||
2.40%, 07/30/24 (Call 06/28/24)(a) |
$ | 4,334 | $ | 4,503,156 | ||||
3.38%, 02/05/24 (Call 01/05/24) |
4,257 | 4,493,689 | ||||||
3.60%, 09/11/24 (Call 08/11/24) |
4,097 | 4,395,466 | ||||||
3.70%, 01/30/24 (Call 12/29/23)(a) |
1,996 | 2,119,732 | ||||||
Wells Fargo & Co. |
||||||||
3.30%, 09/09/24 |
7,376 | 7,848,949 | ||||||
3.75%, 01/24/24 (Call 12/22/23)(a) |
10,022 | 10,633,142 | ||||||
4.48%, 01/16/24 |
2,195 | 2,363,774 | ||||||
Westpac Banking Corp., 3.30%, 02/26/24 |
5,405 | 5,712,274 | ||||||
|
|
|||||||
377,149,185 | ||||||||
Beverages — 0.9% | ||||||||
Coca-Cola Co. (The), 1.75%, 09/06/24 |
4,028 | 4,122,819 | ||||||
Constellation Brands Inc., 4.75%, 11/15/24 |
1,836 | 2,028,725 | ||||||
Diageo Capital PLC, 2.13%, 10/24/24 (Call 09/24/24) |
1,992 | 2,059,071 | ||||||
Keurig Dr Pepper Inc., 0.75%, 03/15/24 (Call 03/15/22) |
835 | 831,677 | ||||||
PepsiCo Inc., 3.60%, 03/01/24 (Call 12/01/23)(a) |
4,252 | 4,502,145 | ||||||
|
|
|||||||
13,544,437 | ||||||||
Biotechnology — 0.8% | ||||||||
Amgen Inc., 3.63%, 05/22/24 (Call 02/22/24) |
5,271 | 5,594,428 | ||||||
Gilead Sciences Inc., 3.70%, 04/01/24 (Call 01/01/24) |
6,701 | 7,100,313 | ||||||
|
|
|||||||
12,694,741 | ||||||||
Building Materials — 0.2% | ||||||||
Johnson Controls International PLC, 3.63%, 07/02/24 (Call 04/02/24)(b) |
1,305 | 1,384,644 | ||||||
Martin Marietta Materials Inc., 4.25%, 07/02/24 (Call 04/02/24) |
991 | 1,067,218 | ||||||
Owens Corning, 4.20%, 12/01/24 (Call 09/01/24) |
1,136 | 1,226,869 | ||||||
|
|
|||||||
3,678,731 | ||||||||
Chemicals — 1.1% | ||||||||
Air Products and Chemicals Inc., 3.35%, 07/31/24 (Call 04/30/24)(a) |
1,235 | 1,310,298 | ||||||
Albemarle Corp., 4.15%, 12/01/24 (Call 09/01/24) |
1,460 | 1,578,975 | ||||||
Celanese
U.S. Holdings LLC, 3.50%, 05/08/24 |
2,285 | 2,412,983 | ||||||
FMC Corp., 4.10%, 02/01/24 (Call 11/01/23)(a) |
622 | 658,729 | ||||||
LyondellBasell
Industries NV, 5.75%, 04/15/24 |
3,466 | 3,821,300 | ||||||
Nutrien Ltd., 3.63%, 03/15/24 (Call 12/15/23) |
2,718 | 2,869,855 | ||||||
PPG Industries Inc., 2.40%, 08/15/24 (Call 07/15/24) |
1,270 | 1,316,711 | ||||||
Sherwin-Williams
Co. (The), 3.13%, 06/01/24 |
2,813 | 2,959,557 | ||||||
Westlake
Chemical Corp., 0.88%, 08/15/24 |
85 | 84,980 | ||||||
|
|
|||||||
17,013,388 | ||||||||
Commercial Services — 0.7% | ||||||||
Equifax Inc., 2.60%, 12/01/24 (Call 11/01/24)(a) |
2,462 | 2,564,739 | ||||||
J Paul Getty Trust (The), Series 2021, 0.39%, 01/01/24 (Call 10/01/23) |
390 | 386,057 | ||||||
Moody’s Corp., 4.88%, 02/15/24 (Call 11/15/23)(a) |
1,987 | 2,145,424 | ||||||
PayPal Holdings Inc., 2.40%, 10/01/24 (Call 09/01/24) |
5,173 | 5,381,937 | ||||||
Quanta Services Inc., 0.95%, 10/01/24 (Call 10/01/22) |
30 | 29,762 | ||||||
|
|
|||||||
10,507,919 | ||||||||
Computers — 3.1% | ||||||||
Apple Inc. |
||||||||
1.80%, 09/11/24 (Call 08/11/24) |
2,957 | 3,032,137 | ||||||
2.85%, 05/11/24 (Call 03/11/24) |
4,975 | 5,212,706 | ||||||
3.00%, 02/09/24 (Call 12/09/23)(a) |
4,865 | 5,095,407 | ||||||
3.45%, 05/06/24 |
7,451 | 7,931,068 | ||||||
Dell International LLC/EMC Corp., 4.00%, 07/15/24 (Call 06/15/24) |
3,864 | 4,143,135 |
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, 2021 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
|
||||||||
Computers (continued) |
||||||||
Genpact Luxembourg Sarl, 3.38%, 12/01/24 (Call 11/01/24)(a) |
$ | 602 | $ | 637,325 | ||||
Hewlett Packard Enterprise Co., 1.45%, 04/01/24 (Call 03/01/24)(a) |
3,079 | 3,110,806 | ||||||
International Business Machines Corp. |
||||||||
3.00%, 05/15/24(a) |
9,466 | 9,958,611 | ||||||
3.63%, 02/12/24 |
6,177 | 6,557,318 | ||||||
NetApp Inc., 3.30%, 09/29/24 (Call 07/29/24) |
1,402 | 1,481,928 | ||||||
|
|
|||||||
47,160,441 | ||||||||
Cosmetics & Personal Care — 0.6% | ||||||||
Colgate-Palmolive Co., 3.25%, 03/15/24(a) |
1,342 | 1,422,788 | ||||||
Estee Lauder Companies Inc. (The), 2.00%, 12/01/24 (Call 11/01/24) |
1,891 | 1,952,458 | ||||||
Unilever Capital Corp. |
||||||||
2.60%, 05/05/24 (Call 03/05/24) |
3,184 | 3,316,996 | ||||||
3.25%, 03/07/24 (Call 02/07/24)(a) |
1,744 | 1,841,088 | ||||||
|
|
|||||||
8,533,330 | ||||||||
Diversified Financial Services — 6.7% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
1.65%, 10/29/24 (Call 09/29/24)(a) |
5,590 | 5,602,801 | ||||||
2.88%, 08/14/24 (Call 07/14/24)(a) |
2,321 | 2,403,790 | ||||||
3.15%, 02/15/24 (Call 01/15/24) |
3,576 | 3,712,746 | ||||||
4.88%, 01/16/24 (Call 12/16/23) |
2,733 | 2,937,346 | ||||||
Series 3NC1, 1.75%, 10/29/24 (Call 10/29/22) |
1,500 | 1,501,305 | ||||||
Affiliated Managers Group Inc., 4.25%, 02/15/24(a) |
1,220 | 1,310,182 | ||||||
Air Lease Corp. |
||||||||
0.70%, 02/15/24 (Call 01/15/24)(a) |
1,907 | 1,885,146 | ||||||
0.80%, 08/18/24 (Call 07/18/24) |
290 | 285,578 | ||||||
4.25%, 02/01/24 (Call 01/01/24) |
2,216 | 2,358,888 | ||||||
4.25%, 09/15/24 (Call 06/15/24) |
2,189 | 2,357,772 | ||||||
Aircastle Ltd., 4.13%, 05/01/24 (Call 02/01/24)(a) |
1,487 | 1,570,956 | ||||||
Ally Financial Inc. |
||||||||
3.88%, 05/21/24 (Call 04/21/24) |
3,066 | 3,268,417 | ||||||
5.13%, 09/30/24 |
2,528 | 2,804,588 | ||||||
American Express Co. |
||||||||
2.50%, 07/30/24 (Call 06/30/24)(a) |
4,707 | 4,904,365 | ||||||
3.00%, 10/30/24 (Call 09/29/24) |
5,690 | 6,014,785 | ||||||
3.40%, 02/22/24 (Call 01/22/24) |
4,275 | 4,512,134 | ||||||
3.63%, 12/05/24 (Call 11/04/24)(a) |
2,056 | 2,209,131 | ||||||
Ameriprise Financial Inc., 3.70%, 10/15/24 |
2,122 | 2,290,954 | ||||||
BGC Partners Inc., 3.75%, 10/01/24 (Call 09/01/24) |
1,095 | 1,158,335 | ||||||
Blackstone Private Credit Fund, 1.75%, 09/15/24(c) |
1,155 | 1,144,339 | ||||||
Brookfield Finance Inc., 4.00%, 04/01/24 (Call 02/01/24) |
3,217 | 3,427,907 | ||||||
Capital One Financial Corp. |
||||||||
3.30%, 10/30/24 (Call 09/30/24) |
5,195 | 5,513,713 | ||||||
3.75%, 04/24/24 (Call 03/24/24) |
2,482 | 2,639,533 | ||||||
3.90%, 01/29/24 (Call 12/29/23) |
4,614 | 4,898,684 | ||||||
Charles Schwab Corp. (The) |
||||||||
0.75%, 03/18/24 (Call 02/18/24) |
2,225 | 2,220,995 | ||||||
3.55%, 02/01/24 (Call 01/01/24) |
1,756 | 1,860,271 | ||||||
3.75%, 04/01/24 (Call 03/02/24)(a) |
2,050 | 2,183,804 | ||||||
Citigroup Global Markets Holdings Inc./U.S, 0.75%, |
||||||||
06/07/24 (Call 06/07/22) |
470 | 465,483 | ||||||
Discover Financial Services, 3.95%, 11/06/24 (Call 08/06/24)(a) |
1,918 | 2,061,179 | ||||||
Invesco Finance PLC, 4.00%, 01/30/24(a) |
1,869 | 1,993,251 | ||||||
Mastercard Inc., 3.38%, 04/01/24 |
4,096 | 4,347,904 | ||||||
Nasdaq Inc., 4.25%, 06/01/24 (Call 03/01/24) |
2,139 | 2,298,013 | ||||||
ORIX Corp. 3.25%, 12/04/24 |
2,015 | 2,138,217 |
Security |
Par (000) |
Value | ||||||
|
||||||||
Diversified Financial Services (continued) |
||||||||
4.05%, 01/16/24 |
$ | 1,622 | $ | 1,724,024 | ||||
Stifel Financial Corp., 4.25%, 07/18/24 |
1,598 | 1,725,393 | ||||||
Synchrony Financial |
||||||||
4.25%, 08/15/24 (Call 05/15/24) |
4,228 | 4,536,686 | ||||||
4.38%, 03/19/24 (Call 02/19/24) |
2,327 | 2,490,681 | ||||||
|
|
|||||||
100,759,296 | ||||||||
Electric — 4.7% | ||||||||
Ameren Corp., 2.50%, 09/15/24 (Call 08/15/24) |
2,375 | 2,462,994 | ||||||
Avangrid Inc., 3.15%, 12/01/24 (Call 10/01/24) |
2,647 | 2,799,017 | ||||||
Black Hills Corp., 1.04%, 08/23/24 (Call 02/23/22) |
325 | 324,262 | ||||||
CenterPoint Energy Inc., 2.50%, 09/01/24 (Call 08/01/24)(a) |
1,672 | 1,734,215 | ||||||
Cleveland Electric Illuminating Co. (The), 5.50%, 08/15/24(a) |
125 | 139,700 | ||||||
Dominion Energy Inc., 3.07%, 08/15/24(b) |
2,924 | 3,068,855 | ||||||
DTE Electric Co., 3.65%, 03/15/24 (Call 12/15/23) |
1,197 | 1,266,031 | ||||||
DTE Energy Co., Series C, 2.53%, 10/01/24 |
2,166 | 2,256,257 | ||||||
Duke Energy Corp., 3.75%, 04/15/24 (Call 01/15/24) |
3,996 | 4,235,480 | ||||||
Edison
International, 3.55%, 11/15/24 |
2,154 | 2,270,015 | ||||||
Emera U.S. Finance LP, 0.83%, 06/15/24(c) |
955 | 944,400 | ||||||
Enel
Generacion Chile SA, 4.25%, 04/15/24 |
1,249 | 1,335,718 | ||||||
Entergy Arkansas LLC, 3.70%, 06/01/24 (Call 03/01/24)(a) |
1,015 | 1,078,722 | ||||||
Entergy Gulf States Louisiana LLC, 5.59%, 10/01/24 |
610 | 684,225 | ||||||
Entergy Louisiana LLC |
||||||||
0.95%, 10/01/24 (Call 10/01/22) |
45 | 44,778 | ||||||
5.40%, 11/01/24(a) |
915 | 1,029,091 | ||||||
Evergy Inc., 2.45%, 09/15/24 (Call 08/15/24)(a) |
2,942 | 3,046,029 | ||||||
Eversource Energy, Series L, 2.90%, 10/01/24 (Call 08/01/24) |
1,780 | 1,865,422 | ||||||
Florida Power & Light Co., 3.25%, 06/01/24 (Call 12/01/23) |
1,854 | 1,948,313 | ||||||
Georgia Power Co., Series A, 2.20%, 09/15/24 (Call 08/15/24) |
2,125 | 2,190,238 | ||||||
Interstate Power & Light Co., 3.25%, 12/01/24 (Call 09/01/24)(a) |
2,180 | 2,309,165 | ||||||
IPALCO Enterprises Inc., 3.70%, 09/01/24 (Call 07/01/24) |
1,034 | 1,094,117 | ||||||
ITC
Holdings Corp., 3.65%, 06/15/24 |
1,563 | 1,654,029 | ||||||
MidAmerican
Energy Co., 3.50%, 10/15/24 |
2,350 | 2,512,620 | ||||||
National Rural Utilities Cooperative Finance Corp. |
||||||||
0.35%, 02/08/24 |
1,650 | 1,632,180 | ||||||
2.95%, 02/07/24 (Call 12/07/23)(a) |
1,404 | 1,464,948 | ||||||
Series D, 1.00%, 10/18/24 |
600 | 598,710 | ||||||
NextEra Energy Capital Holdings Inc., 3.15%, 04/01/24 (Call 03/01/24)(a) |
3,591 | 3,773,207 | ||||||
Oncor Electric Delivery Co. LLC, 2.75%, 06/01/24 (Call 05/01/24)(a) |
1,866 | 1,951,948 | ||||||
Pacific Gas and Electric Co. |
||||||||
3.40%, 08/15/24 (Call 05/15/24)(a) |
566 | 586,659 | ||||||
3.75%, 02/15/24 (Call 11/15/23) |
1,351 | 1,404,202 | ||||||
PacifiCorp, 3.60%, 04/01/24 (Call 01/01/24)(a) |
399 | 422,290 | ||||||
Potomac Electric Power Co., 3.60%, 03/15/24 (Call 12/15/23)(a) |
1,355 | 1,433,888 | ||||||
Public Service Enterprise Group Inc., 2.88%, 06/15/24 (Call 05/15/24) |
3,320 | 3,470,263 | ||||||
Sempra Energy, 3.55%, 06/15/24 (Call 03/15/24) |
2,698 | 2,851,031 | ||||||
Southern California Edison Co. |
||||||||
1.10%, 04/01/24 (Call 04/01/23) |
1,660 | 1,663,054 | ||||||
Series K, 0.98%, 08/01/24(a) |
580 | 577,889 | ||||||
Southern Co. (The), Series 21-A, 0.60%, 02/26/24 (Call 01/26/24)(a) |
1,300 | 1,289,522 | ||||||
Southwestern Public Service Co., 3.30%, 06/15/24 (Call 12/15/23)(a) |
315 | 330,167 | ||||||
Union
Electric Co., 3.50%, 04/15/24 |
647 | 683,044 |
46 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
|
||||||||
Electric (continued) |
||||||||
Virginia
Electric & Power Co., 3.45%, 02/15/24 |
$ | 757 | $ | 796,303 | ||||
WEC Energy Group Inc., 0.80%, 03/15/24 (Call 02/15/24) |
1,900 | 1,894,319 | ||||||
Wisconsin Electric Power Co., 2.05%, 12/15/24 (Call 11/15/24) |
1,071 | 1,104,447 | ||||||
|
|
|||||||
70,221,764 | ||||||||
Electronics — 0.8% | ||||||||
Allegion U.S. Holding Co. Inc., 3.20%, 10/01/24 (Call 08/01/24) |
1,755 | 1,842,662 | ||||||
Amphenol Corp., 3.20%, 04/01/24 (Call 02/01/24)(a) |
845 | 887,072 | ||||||
Arrow Electronics Inc., 3.25%, 09/08/24 (Call 07/08/24)(a) |
2,322 | 2,440,027 | ||||||
Honeywell International Inc., 2.30%, 08/15/24 (Call 07/15/24) |
3,238 | 3,364,638 | ||||||
Keysight Technologies Inc., 4.55%, 10/30/24 (Call 07/30/24) |
1,147 | 1,255,323 | ||||||
SYNNEX Corp., 1.25%, 08/09/24 (Call 08/09/22)(a)(c) |
360 | 358,600 | ||||||
Trimble Inc., 4.75%, 12/01/24 (Call 09/01/24) |
1,620 | 1,775,326 | ||||||
Tyco Electronics Group SA, 3.45%, 08/01/24 (Call 05/01/24) |
263 | 277,610 | ||||||
|
|
|||||||
12,201,258 | ||||||||
Environmental Control — 0.3% | ||||||||
Republic Services Inc., 2.50%, 08/15/24 (Call 07/15/24) |
3,999 | 4,155,761 | ||||||
|
|
|||||||
Food — 1.1% | ||||||||
Conagra Brands Inc., 4.30%, 05/01/24 (Call 04/01/24) |
4,229 | 4,554,633 | ||||||
General Mills Inc., 3.65%, 02/15/24 (Call 11/15/23) |
1,823 | 1,926,601 | ||||||
Hershey Co. (The), 2.05%, 11/15/24 (Call 10/15/24)(a) |
838 | 866,199 | ||||||
Kroger Co. (The), 4.00%, 02/01/24 (Call 11/01/23) |
1,522 | 1,615,892 | ||||||
McCormick & Co. Inc./MD, 3.15%, 08/15/24 (Call 06/15/24) |
2,919 | 3,081,880 | ||||||
Tyson Foods Inc., 3.95%, 08/15/24 (Call 05/15/24) |
3,743 | 4,011,748 | ||||||
|
|
|||||||
16,056,953 | ||||||||
Forest Products & Paper — 0.2% | ||||||||
Celulosa Arauco y Constitucion SA, 4.50%, 08/01/24 (Call 05/01/24)(a) |
1,158 | 1,233,270 | ||||||
Georgia-Pacific LLC, 8.00%, 01/15/24 |
1,635 | 1,884,060 | ||||||
|
|
|||||||
3,117,330 | ||||||||
Gas — 0.5% | ||||||||
Eastern Energy Gas Holdings LLC | ||||||||
3.60%, 12/15/24 (Call 09/15/24) |
839 | 896,782 | ||||||
Series A, 2.50%, 11/15/24 (Call 10/15/24) |
2,478 | 2,580,589 | ||||||
ONE Gas Inc. |
||||||||
1.10%, 03/11/24 (Call 11/15/21) |
3,065 | 3,053,721 | ||||||
3.61%, 02/01/24 (Call 11/01/23) |
225 | 236,290 | ||||||
Southern California Gas Co., 3.15%, 09/15/24 (Call 06/15/24)(a) |
850 | 898,433 | ||||||
|
|
|||||||
7,665,815 | ||||||||
Health Care - Products — 0.7% | ||||||||
Boston Scientific Corp., 3.45%, 03/01/24 (Call 02/01/24)(a) |
3,721 | 3,923,199 | ||||||
DH Europe Finance II Sarl, 2.20%, 11/15/24 (Call 10/15/24)(a) |
2,986 | 3,087,405 | ||||||
PerkinElmer Inc., 0.85%, 09/15/24 (Call 09/15/22) |
25 | 24,790 | ||||||
Stryker Corp., 3.38%, 05/15/24 (Call 02/15/24) |
2,711 | 2,862,165 | ||||||
Thermo Fisher Scientific Inc., 1.22%, 10/18/24 (Call 10/18/22) |
500 | 500,215 | ||||||
|
|
|||||||
10,397,774 | ||||||||
Health Care - Services — 2.2% | ||||||||
Aetna Inc., 3.50%, 11/15/24 (Call 08/15/24) |
3,063 | 3,267,823 | ||||||
Anthem Inc. |
||||||||
3.35%, 12/01/24 (Call 10/01/24) |
3,059 | 3,260,772 | ||||||
3.50%, 08/15/24 (Call 05/15/24) |
3,107 | 3,302,958 | ||||||
CommonSpirit Health, 2.76%, 10/01/24 (Call 07/01/24) |
1,723 | 1,797,520 |
Security |
Par (000) |
Value | ||||||
|
||||||||
Health Care - Services (continued) |
||||||||
HCA Inc., 5.00%, 03/15/24(a) |
$ | 6,847 | $ | 7,449,810 | ||||
Humana Inc., 3.85%, 10/01/24 (Call 07/01/24) |
2,601 | 2,792,017 | ||||||
Laboratory Corp. of America Holdings |
||||||||
2.30%, 12/01/24 (Call 11/01/24)(a) |
1,883 | 1,943,651 | ||||||
3.25%, 09/01/24 (Call 07/01/24) |
2,301 | 2,429,971 | ||||||
Quest
Diagnostics Inc., 4.25%, 04/01/24 |
649 | 693,223 | ||||||
UnitedHealth Group Inc. |
||||||||
0.55%, 05/15/24 (Call 05/15/22) |
150 | 148,868 | ||||||
2.38%, 08/15/24 |
2,981 | 3,098,123 | ||||||
3.50%, 02/15/24(a) |
2,969 | 3,148,031 | ||||||
|
|
|||||||
33,332,767 | ||||||||
Holding Companies - Diversified — 0.8% | ||||||||
Ares Capital Corp., 4.20%, 06/10/24 (Call 05/10/24) |
3,296 | 3,506,713 | ||||||
FS KKR Capital Corp. |
||||||||
1.65%, 10/12/24 |
1,015 | 1,002,851 | ||||||
4.63%, 07/15/24 (Call 06/15/24) |
1,348 | 1,439,610 | ||||||
Golub Capital BDC Inc., 3.38%, 04/15/24 (Call 03/15/24) |
1,270 | 1,314,729 | ||||||
Main Street Capital Corp., 5.20%, 05/01/24 |
1,501 | 1,620,195 | ||||||
Owl Rock Capital Corp., 5.25%, 04/15/24 (Call 03/15/24) |
1,660 | 1,795,904 | ||||||
Sixth Street Specialty Lending Inc., 3.88%, 11/01/24 (Call 10/01/24) |
1,060 | 1,115,268 | ||||||
|
|
|||||||
11,795,270 | ||||||||
Home Builders — 0.5% | ||||||||
DR Horton Inc., 2.50%, 10/15/24 (Call 09/15/24) |
2,610 | 2,716,801 | ||||||
Lennar Corp. |
||||||||
4.50%, 04/30/24 (Call 01/31/24)(a) |
1,612 | 1,730,853 | ||||||
5.88%, 11/15/24 (Call 05/15/24)(a) |
2,405 | 2,680,637 | ||||||
|
|
|||||||
7,128,291 | ||||||||
Home Furnishings — 0.1% | ||||||||
Leggett & Platt Inc., 3.80%, 11/15/24 (Call 08/15/24) |
335 | 355,411 | ||||||
Whirlpool Corp., 4.00%, 03/01/24 |
740 | 790,705 | ||||||
|
|
|||||||
1,146,116 | ||||||||
Household Products & Wares — 0.1% | ||||||||
Avery
Dennison Corp., 0.85%, 08/15/24 |
225 | 223,414 | ||||||
Clorox Co. (The), 3.50%, 12/15/24 (Call 09/15/24)(a) |
1,397 | 1,495,977 | ||||||
|
|
|||||||
1,719,391 | ||||||||
Insurance — 2.2% | ||||||||
Aflac Inc., 3.63%, 11/15/24 |
3,165 | 3,405,445 | ||||||
American International Group Inc., 4.13%, 02/15/24 |
4,303 | 4,606,964 | ||||||
Aon PLC, 3.50%, 06/14/24 (Call 03/14/24) |
2,191 | 2,322,131 | ||||||
Assured Guaranty U.S. Holdings Inc., 5.00%, 07/01/24(a) |
1,134 | 1,247,071 | ||||||
Brown &
Brown Inc., 4.20%, 09/15/24 |
2,040 | 2,202,568 | ||||||
Chubb INA Holdings Inc., 3.35%, 05/15/24 |
680 | 722,806 | ||||||
CNA
Financial Corp., 3.95%, 05/15/24 |
2,033 | 2,167,015 | ||||||
First American Financial Corp., 4.60%, 11/15/24 |
58 | 63,524 | ||||||
Marsh & McLennan Companies Inc. |
||||||||
3.50%, 06/03/24 (Call 03/03/24) |
2,638 | 2,800,052 | ||||||
3.88%, 03/15/24 (Call 02/15/24) |
3,944 | 4,209,076 | ||||||
MetLife Inc., 3.60%, 04/10/24(a) |
3,459 | 3,687,813 | ||||||
Old
Republic International Corp., 4.88%, 10/01/24 |
767 | 841,645 | ||||||
Unum Group, 4.00%, 03/15/24 |
686 | 729,904 | ||||||
Voya
Financial Inc., 3.13%, 07/15/24 |
1,743 | 1,838,987 | ||||||
Willis North America Inc., 3.60%, 05/15/24 (Call 03/15/24) |
2,778 | 2,940,124 | ||||||
|
|
|||||||
33,785,125 | ||||||||
Internet — 2.8% | ||||||||
Alibaba Group Holding Ltd., 3.60%, 11/28/24 (Call 08/28/24)(a) |
7,330 | 7,796,041 | ||||||
Alphabet Inc., 3.38%, 02/25/24 |
4,140 | 4,388,773 |
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, 2021 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
|
||||||||
Internet (continued) |
||||||||
Amazon.com Inc. |
||||||||
0.45%, 05/12/24(a) |
$ | 7,915 | $ | 7,856,350 | ||||
2.80%, 08/22/24 (Call 06/22/24) |
6,870 | 7,216,797 | ||||||
3.80%, 12/05/24 (Call 09/05/24) |
3,943 | 4,267,233 | ||||||
Baidu Inc., 4.38%, 05/14/24 (Call 04/14/24) |
2,600 | 2,791,334 | ||||||
eBay Inc., 3.45%, 08/01/24 (Call 05/01/24)(a) |
3,246 | 3,440,176 | ||||||
Expedia
Group Inc., 4.50%, 08/15/24 |
1,141 | 1,230,192 | ||||||
Weibo Corp., 3.50%, 07/05/24 (Call 06/05/24)(a) |
2,343 | 2,430,581 | ||||||
|
|
|||||||
41,417,477 | ||||||||
Iron & Steel — 0.1% | ||||||||
Steel Dynamics Inc., 2.80%, 12/15/24 (Call 11/15/24) |
1,774 | 1,855,356 | ||||||
|
|
|||||||
Leisure Time — 0.0% | ||||||||
Brunswick Corp., 0.85%, 08/18/24 (Call 08/18/22) |
195 | 193,048 | ||||||
|
|
|||||||
Lodging — 0.7% | ||||||||
Hyatt Hotels Corp., 1.80%, 10/01/24 (Call 10/01/22) |
2,240 | 2,246,989 | ||||||
Las Vegas Sands Corp., 3.20%, 08/08/24 (Call 07/08/24) |
5,596 | 5,721,015 | ||||||
Marriott International Inc./MD, 3.60%, 04/15/24 (Call 03/15/24) |
2,061 | 2,176,601 | ||||||
|
|
|||||||
10,144,605 | ||||||||
Machinery — 2.1% | ||||||||
Caterpillar Financial Services Corp. |
||||||||
0.45%, 05/17/24(a) |
575 | 570,199 | ||||||
0.60%, 09/13/24(a) |
2,400 | 2,382,264 | ||||||
2.15%, 11/08/24 |
3,366 | 3,488,085 | ||||||
2.85%, 05/17/24 |
1,284 | 1,348,316 | ||||||
3.25%, 12/01/24(a) |
2,451 | 2,625,021 | ||||||
3.30%, 06/09/24(a) |
972 | 1,033,693 | ||||||
Caterpillar Inc., 3.40%, 05/15/24 (Call 02/15/24) |
2,814 | 2,980,251 | ||||||
CNH Industrial Capital LLC, 4.20%, 01/15/24 |
1,641 | 1,749,519 | ||||||
John Deere Capital Corp. |
||||||||
0.45%, 01/17/24 |
2,455 | 2,440,270 | ||||||
0.45%, 06/07/24(a) |
1,415 | 1,402,732 | ||||||
0.63%, 09/10/24 |
1,250 | 1,242,313 | ||||||
2.60%, 03/07/24(a) |
1,995 | 2,079,987 | ||||||
2.65%, 06/24/24 |
2,375 | 2,489,451 | ||||||
3.35%, 06/12/24(a) |
1,700 | 1,813,356 | ||||||
3.45%, 01/10/24(a) |
627 | 664,444 | ||||||
Westinghouse Air Brake Technologies Corp., 4.40%, 03/15/24 (Call 02/15/24) |
2,558 | 2,732,967 | ||||||
|
|
|||||||
31,042,868 | ||||||||
Manufacturing — 1.3% | ||||||||
3M Co., 3.25%, 02/14/24 (Call 01/14/24) |
3,892 | 4,101,234 | ||||||
Carlisle
Companies Inc., 3.50%, 12/01/24 |
1,340 | 1,423,093 | ||||||
General Electric Co. |
||||||||
3.38%, 03/11/24 |
1,808 | 1,908,941 | ||||||
3.45%, 05/15/24 (Call 02/13/24) |
2,429 | 2,566,943 | ||||||
Illinois Tool Works Inc., 3.50%, 03/01/24 (Call 12/01/23)(a) |
2,493 | 2,633,406 | ||||||
Parker-Hannifin Corp. |
||||||||
2.70%, 06/14/24 (Call 05/14/24)(a) |
2,457 | 2,562,626 | ||||||
3.30%, 11/21/24 (Call 08/21/24) |
1,941 | 2,059,362 | ||||||
Textron Inc., 4.30%, 03/01/24 (Call 12/01/23)(a) |
896 | 956,274 | ||||||
Trane Technologies Luxembourg Finance SA, 3.55%, 11/01/24 (Call 08/01/24) |
1,389 | 1,482,424 | ||||||
|
|
|||||||
19,694,303 | ||||||||
Media — 2.5% | ||||||||
Charter Communications Operating LLC/Charter |
||||||||
Communications Operating Capital, 4.50%, 02/01/24 (Call 01/01/24) |
4,671 | 5,009,554 |
Security |
Par (000) |
Value | ||||||
|
||||||||
Media (continued) |
||||||||
Comcast Corp. |
||||||||
3.60%, 03/01/24 |
$ | 3,922 | $ | 4,173,283 | ||||
3.70%, 04/15/24 (Call 03/15/24)(a) |
8,066 | 8,602,792 | ||||||
Discovery Communications LLC |
||||||||
3.80%, 03/13/24 (Call 01/13/24) |
1,564 | 1,659,107 | ||||||
3.90%, 11/15/24 (Call 08/15/24) |
1,761 | 1,886,119 | ||||||
Fox Corp., 4.03%, 01/25/24 (Call 12/25/23) |
5,314 | 5,656,700 | ||||||
ViacomCBS Inc. |
||||||||
3.70%, 08/15/24 (Call 05/15/24) |
1,707 | 1,818,518 | ||||||
3.88%, 04/01/24 (Call 01/01/24) |
1,185 | 1,256,610 | ||||||
Walt Disney Co. (The) |
||||||||
1.75%, 08/30/24 (Call 07/30/24)(a) |
5,197 | 5,316,115 | ||||||
3.70%, 09/15/24 (Call 06/15/24) |
2,561 | 2,744,880 | ||||||
|
|
|||||||
38,123,678 | ||||||||
Metal Fabricate & Hardware — 0.0% | ||||||||
Timken Co. (The), 3.88%, 09/01/24 (Call 06/01/24)(a) |
523 | 554,547 | ||||||
|
|
|||||||
Mining — 0.1% |
||||||||
Kinross Gold Corp., 5.95%, 03/15/24 (Call 12/15/23) |
1,901 | 2,087,849 | ||||||
|
|
|||||||
Office & Business Equipment — 0.2% | ||||||||
CDW LLC/CDW Finance Corp., 5.50%, 12/01/24 (Call 06/01/24) |
2,050 | 2,246,042 | ||||||
|
|
|||||||
Oil & Gas — 4.0% |
||||||||
BP Capital Markets America Inc. |
||||||||
3.22%, 04/14/24 (Call 02/14/24) |
2,594 | 2,728,706 | ||||||
3.79%, 02/06/24 (Call 01/06/24) |
2,959 | 3,146,660 | ||||||
BP Capital Markets PLC |
||||||||
3.54%, 11/04/24 |
3,058 | 3,276,464 | ||||||
3.81%, 02/10/24 |
3,719 | 3,961,813 | ||||||
Canadian Natural Resources Ltd., 3.80%, 04/15/24 (Call 01/15/24) |
1,956 | 2,064,225 | ||||||
Chevron Corp., 2.90%, 03/03/24 (Call 01/03/24)(a) |
3,873 | 4,053,404 | ||||||
Chevron USA Inc., 3.90%, 11/15/24 (Call 08/15/24) |
2,392 | 2,587,259 | ||||||
ConocoPhillips
Co., 3.35%, 11/15/24 |
625 | 666,975 | ||||||
Coterra
Energy Inc., 4.38%, 06/01/24 |
2,337 | 2,501,618 | ||||||
Devon Energy Corp., 5.25%, 09/15/24 (Call 06/15/24)(c) |
1,692 | 1,857,139 | ||||||
Diamondback Energy Inc., 2.88%, 12/01/24 (Call 11/01/24) |
2,997 | 3,121,166 | ||||||
Exxon Mobil Corp. |
||||||||
2.02%, 08/16/24 (Call 07/16/24)(a) |
4,628 | 4,775,032 | ||||||
3.18%, 03/15/24 (Call 12/15/23) |
3,128 | 3,287,090 | ||||||
Hess Corp., 3.50%, 07/15/24 (Call 04/15/24)(a) |
686 | 721,356 | ||||||
Marathon Petroleum Corp., 3.63%, 09/15/24 (Call 06/15/24) |
3,131 | 3,332,198 | ||||||
Phillips 66, 0.90%, 02/15/24 (Call 11/29/21) |
820 | 817,196 | ||||||
Pioneer Natural Resources Co., 0.75%, 01/15/24 (Call 01/15/22) |
575 | 571,521 | ||||||
Shell International Finance BV, 2.00%, 11/07/24 (Call 10/07/24)(a) |
5,260 | 5,416,643 | ||||||
TotalEnergies Capital International SA |
||||||||
3.70%, 01/15/24(a) |
3,492 | 3,712,101 | ||||||
3.75%, 04/10/24 |
4,079 | 4,367,712 | ||||||
Valero Energy Corp., 1.20%, 03/15/24 |
3,178 | 3,182,958 | ||||||
|
|
|||||||
60,149,236 | ||||||||
Packaging & Containers — 0.4% | ||||||||
Berry Global Inc., 0.95%, 02/15/24 (Call 01/15/24) |
2,534 | 2,520,342 | ||||||
Packaging Corp. of America, 3.65%, 09/15/24 (Call 06/15/24)(a) |
1,596 | 1,704,687 | ||||||
WRKCo Inc., 3.00%, 09/15/24 (Call 07/15/24) |
2,254 | 2,366,745 | ||||||
|
|
|||||||
6,591,774 |
48 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Pharmaceuticals — 5.0% | ||||||||
AbbVie
Inc. |
$ | 11,688 | $ | 12,184,974 | ||||
3.85%, 06/15/24 (Call 03/15/24) |
3,604 | 3,846,117 | ||||||
AmerisourceBergen
Corp., 3.40%, 05/15/24 |
1,593 | 1,677,063 | ||||||
Astrazeneca
Finance LLC, 0.70%, 05/28/24 |
4,770 | 4,768,617 | ||||||
Becton
Dickinson and Co. |
2,847 | 3,001,877 | ||||||
3.73%, 12/15/24 (Call 09/15/24)(a) |
1,284 | 1,378,271 | ||||||
Bristol-Myers
Squibb Co. |
6,569 | 6,913,018 | ||||||
3.63%, 05/15/24 (Call 02/15/24)(a) |
290 | 308,444 | ||||||
Cardinal
Health Inc. |
2,914 | 3,056,203 | ||||||
Series 2016-CD2, 3.50%, 11/15/24 (Call 08/15/24)(a) |
1,617 | 1,719,534 | ||||||
Cigna
Corp. |
720 | 714,542 | ||||||
3.50%, 06/15/24 (Call 03/17/24)(a) |
2,659 | 2,818,566 | ||||||
CVS
Health Corp. |
3,536 | 3,680,269 | ||||||
3.38%, 08/12/24 (Call 05/12/24) |
2,635 | 2,789,701 | ||||||
GlaxoSmithKline Capital PLC, 3.00%, 06/01/24 (Call 05/01/24) |
4,127 | 4,343,337 | ||||||
McKesson
Corp., 3.80%, 03/15/24 |
3,783 | 4,013,044 | ||||||
Merck & Co. Inc., 2.90%, 03/07/24 (Call 02/07/24) |
2,326 | 2,435,950 | ||||||
Novartis Capital Corp., 3.40%, 05/06/24 |
6,792 | 7,219,353 | ||||||
Pfizer
Inc. |
2,838 | 2,977,857 | ||||||
3.40%, 05/15/24 |
2,687 | 2,859,720 | ||||||
Wyeth LLC, 6.45%, 02/01/24(a) |
1,971 | 2,215,010 | ||||||
|
|
|||||||
74,921,467 | ||||||||
Pipelines — 4.2% | ||||||||
Boardwalk
Pipelines LP, 4.95%, 12/15/24 |
1,464 | 1,606,857 | ||||||
Cheniere Corpus Christi Holdings LLC, 7.00%, 06/30/24 (Call 01/01/24) |
3,930 | 4,401,954 | ||||||
Eastern Gas Transmission & Storage Inc., 3.60%, 12/15/24 (Call 09/15/24)(c) |
418 | 445,011 | ||||||
Enable Midstream Partners LP, 3.90%, 05/15/24 (Call 02/15/24) |
1,614 | 1,699,687 | ||||||
Enbridge Inc., 3.50%, 06/10/24 (Call 03/10/24) |
2,871 | 3,036,599 | ||||||
Energy
Transfer LP |
2,110 | 2,240,356 | ||||||
4.50%, 04/15/24 (Call 03/15/24) |
2,398 | 2,574,397 | ||||||
4.90%, 02/01/24 (Call 11/01/23) |
1,574 | 1,682,685 | ||||||
5.88%, 01/15/24 (Call 10/15/23) |
3,052 | 3,316,761 | ||||||
Enterprise Products Operating LLC, 3.90%, 02/15/24 (Call 11/15/23) |
3,607 | 3,823,961 | ||||||
Kinder
Morgan Energy Partners LP |
2,349 | 2,496,141 | ||||||
4.25%, 09/01/24 (Call 06/01/24) |
2,087 | 2,251,560 | ||||||
4.30%, 05/01/24 (Call 02/01/24) |
2,306 | 2,472,793 | ||||||
MPLX LP, 4.88%, 12/01/24 (Call 09/01/24) |
4,386 | 4,815,697 | ||||||
ONEOK Inc., 2.75%, 09/01/24 (Call 08/01/24) |
1,988 | 2,068,077 | ||||||
Phillips 66 Partners LP, 2.45%, 12/15/24 (Call 11/15/24)(a) |
1,062 | 1,095,421 | ||||||
Plains
All American Pipeline LP/PAA Finance Corp., 3.60%,
11/01/24 |
2,290 | 2,422,064 | ||||||
Sabine Pass Liquefaction LLC, 5.75%, 05/15/24 (Call 02/15/24) |
6,900 | 7,602,558 | ||||||
Spectra Energy Partners LP, 4.75%, 03/15/24 (Call 12/15/23) |
2,718 | 2,929,488 |
Security | Par (000) |
Value | ||||||
Pipelines (continued) | ||||||||
TransCanada PipeLines Ltd., 1.00%, 10/12/24 (Call 09/12/24) |
$ | 690 | $ | 686,881 | ||||
Williams Companies Inc. (The) |
||||||||
4.30%, 03/04/24 (Call 12/04/23) |
4,244 | 4,536,836 | ||||||
4.55%, 06/24/24 (Call 03/24/24) |
4,055 | 4,389,497 | ||||||
|
|
|||||||
62,595,281 | ||||||||
Real Estate Investment Trusts — 4.2% | ||||||||
American
Campus Communities Operating Partnership LP, |
1,349 | 1,451,861 | ||||||
American
Tower Corp. |
706 | 700,988 | ||||||
3.38%, 05/15/24 (Call 04/15/24) |
2,720 | 2,872,619 | ||||||
5.00%, 02/15/24 |
3,797 | 4,136,376 | ||||||
AvalonBay Communities Inc., 3.50%, 11/15/24 (Call 08/15/24)(a) |
1,467 | 1,569,103 | ||||||
Boston Properties LP, 3.80%, 02/01/24 (Call 11/01/23) |
2,986 | 3,152,708 | ||||||
Brandywine Operating Partnership LP, 4.10%, 10/01/24 (Call 07/01/24)(a) |
229 | 244,691 | ||||||
Brixmor Operating Partnership LP, 3.65%, 06/15/24 (Call 04/15/24)(a) |
1,370 | 1,452,666 | ||||||
Crown Castle International Corp., 3.20%, 09/01/24 (Call 07/01/24)(a) |
3,524 | 3,713,380 | ||||||
CyrusOne LP/CyrusOne Finance Corp., 2.90%, 11/15/24 (Call 10/15/24)(a) |
2,351 | 2,451,482 | ||||||
Duke Realty LP, 3.75%, 12/01/24 (Call 09/01/24) |
983 | 1,054,218 | ||||||
Equinix Inc., 2.63%, 11/18/24 (Call 10/18/24) |
3,915 | 4,066,237 | ||||||
Essex Portfolio LP, 3.88%, 05/01/24 (Call 02/01/24) |
1,415 | 1,502,490 | ||||||
Federal Realty Investment Trust, 3.95%, 01/15/24 (Call 10/15/23) |
1,515 | 1,602,825 | ||||||
GLP Capital LP/GLP Financing II Inc., 3.35%, 09/01/24 (Call 08/01/24) |
1,185 | 1,242,413 | ||||||
Host Hotels & Resorts LP, 3.88%, 04/01/24 (Call 02/01/24) |
994 | 1,047,378 | ||||||
Kilroy Realty LP, 3.45%, 12/15/24 (Call 09/15/24) |
1,312 | 1,390,418 | ||||||
Kimco
Realty Corp., 2.70%, 03/01/24 |
1,474 | 1,525,811 | ||||||
Mid-America Apartments LP, 3.75%, 06/15/24 (Call 03/15/24) |
885 | 940,914 | ||||||
National Retail Properties Inc., 3.90%, 06/15/24 (Call 03/15/24)(a) |
1,153 | 1,227,322 | ||||||
Office Properties Income Trust, 4.25%, 05/15/24 (Call 02/15/24) |
1,152 | 1,214,450 | ||||||
Omega Healthcare Investors Inc., 4.95%, 04/01/24 (Call 01/01/24)(a) |
1,060 | 1,143,645 | ||||||
Piedmont Operating Partnership LP, 4.45%, 03/15/24 (Call 12/15/23) |
266 | 282,479 | ||||||
Realty
Income Corp., 3.88%, 07/15/24 |
1,480 | 1,583,659 | ||||||
Simon
Property Group LP |
3,535 | 3,626,981 | ||||||
3.38%, 10/01/24 (Call 07/01/24) |
2,943 | 3,126,938 | ||||||
3.75%, 02/01/24 (Call 11/01/23) |
2,338 | 2,472,014 | ||||||
Ventas
Realty LP |
1,665 | 1,761,986 | ||||||
3.75%, 05/01/24 (Call 02/01/24) |
1,405 | 1,484,565 | ||||||
VEREIT Operating Partnership LP, 4.60%, 02/06/24 (Call 11/06/23) |
2,057 | 2,204,281 | ||||||
Welltower Inc. 3.63%, 03/15/24 (Call 02/15/24) |
4,256 | 4,514,339 | ||||||
4.50%, 01/15/24 (Call 10/15/23) |
1,131 | 1,207,003 | ||||||
WP Carey Inc., 4.60%, 04/01/24 (Call 01/01/24) |
1,397 | 1,501,677 | ||||||
|
|
|||||||
63,469,917 | ||||||||
Retail — 1.7% | ||||||||
AutoNation Inc., 3.50%, 11/15/24 (Call 09/15/24) |
1,759 | 1,866,686 | ||||||
AutoZone Inc., 3.13%, 04/18/24 (Call 03/18/24) |
1,764 | 1,851,053 |
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, 2021 |
iShares® iBonds® Dec 2024 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
|
||||||||
Retail (continued) | ||||||||
Costco Wholesale Corp., 2.75%, 05/18/24 (Call 03/18/24)(a) |
$ | 4,054 | $ | 4,243,524 | ||||
Home Depot Inc. (The), 3.75%, 02/15/24 (Call 11/15/23) |
4,111 | 4,361,195 | ||||||
Lowe’s Companies Inc., 3.13%, 09/15/24 (Call 06/15/24) |
2,115 | 2,232,742 | ||||||
McDonald’s Corp., 3.25%, 06/10/24(a) |
2,050 | 2,173,021 | ||||||
Target Corp., 3.50%, 07/01/24 |
3,711 | 3,971,920 | ||||||
Walmart
Inc. |
250 | 263,223 | ||||||
3.30%, 04/22/24 (Call 01/22/24)(a) |
4,877 | 5,155,916 | ||||||
|
|
|||||||
26,119,280 | ||||||||
Semiconductors — 2.4% | ||||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.63%, 01/15/24 (Call 11/15/23) |
5,167 | 5,439,921 | ||||||
Broadcom Inc., 3.63%, 10/15/24 (Call 09/15/24) |
2,547 | 2,721,469 | ||||||
Intel Corp., 2.88%, 05/11/24 (Call 03/11/24)(a) |
5,414 | 5,679,394 | ||||||
KLA Corp., 4.65%, 11/01/24 (Call 08/01/24) |
4,762 | 5,215,057 | ||||||
Micron
Technology Inc., 4.64%, 02/06/24 |
2,766 | 2,984,708 | ||||||
NXP
BV/NXP Funding LLC, 4.88%, 03/01/24 |
3,988 | 4,315,774 | ||||||
QUALCOMM Inc., 2.90%, 05/20/24 (Call 03/20/24) |
4,263 | 4,475,468 | ||||||
Texas
Instruments Inc., 2.63%, 05/15/24 |
1,185 | 1,234,900 | ||||||
Xilinx Inc., 2.95%, 06/01/24 (Call 04/01/24) |
3,302 | 3,452,472 | ||||||
|
|
|||||||
35,519,163 | ||||||||
Software — 2.3% | ||||||||
Cadence Design Systems Inc., 4.38%, 10/15/24 (Call 07/15/24) |
690 | 747,698 | ||||||
Fidelity National Information Services Inc., 0.60%, 03/01/24(a) |
2,065 | 2,048,211 | ||||||
Fiserv Inc., 2.75%, 07/01/24 (Call 06/01/24) |
6,952 | 7,253,300 | ||||||
Microsoft Corp., 2.88%, 02/06/24 (Call 12/06/23) |
7,627 | 7,976,774 | ||||||
Oracle
Corp. |
6,733 | 7,073,555 | ||||||
3.40%, 07/08/24 (Call 04/08/24) |
6,626 | 7,002,357 | ||||||
Roper Technologies Inc., 2.35%, 09/15/24 (Call 08/15/24) |
2,058 | 2,132,047 | ||||||
salesforce.com Inc., 0.63%, 07/15/24 (Call 07/15/22) |
35 | 34,901 | ||||||
|
|
|||||||
34,268,843 | ||||||||
Telecommunications — 2.3% | ||||||||
AT&T Inc. |
||||||||
0.90%, 03/25/24 (Call 03/25/22)(a) |
4,010 | 4,010,601 | ||||||
3.80%, 03/01/24 (Call 01/01/24) |
414 | 439,262 | ||||||
3.90%, 03/11/24 (Call 12/11/23) |
2,164 | 2,296,242 | ||||||
4.45%, 04/01/24 (Call 01/01/24)(a) |
4,064 | 4,372,336 | ||||||
Bell Canada, Series US-3, 0.75%, 03/17/24 |
2,450 | 2,436,770 | ||||||
Cisco Systems Inc., 3.63%, 03/04/24 |
3,984 | 4,251,964 | ||||||
Motorola Solutions Inc., 4.00%, 09/01/24 |
2,483 | 2,672,552 | ||||||
Verizon
Communications Inc. |
5,050 | 5,036,920 | ||||||
3.50%, 11/01/24 (Call 08/01/24)(a) |
5,506 | 5,874,462 | ||||||
4.15%, 03/15/24 (Call 11/12/21)(a) |
1,605 | 1,716,949 | ||||||
Vodafone Group PLC, 3.75%, 01/16/24(a) |
765 | 814,289 | ||||||
|
|
|||||||
33,922,347 | ||||||||
Toys, Games & Hobbies — 0.1% | ||||||||
Hasbro Inc., 3.00%, 11/19/24 (Call 10/19/24) |
1,777 | 1,870,843 |
Security | Par/ Shares (000) |
Value | ||||||
|
||||||||
Transportation — 1.6% | ||||||||
Burlington Northern Santa Fe LLC |
||||||||
3.40%, 09/01/24 (Call 06/01/24) |
$ | 2,124 | $ | 2,261,763 | ||||
3.75%, 04/01/24 (Call 01/01/24)(a) |
1,967 | 2,088,993 | ||||||
Canadian National Railway Co., 2.95%, 11/21/24 (Call 08/21/24) |
1,135 | 1,193,157 | ||||||
CSX Corp., 3.40%, 08/01/24 (Call 05/01/24)(a) |
2,589 | 2,753,816 | ||||||
Norfolk Southern Corp., 3.85%, 01/15/24 (Call 10/15/23) |
1,520 | 1,606,746 | ||||||
Ryder
System Inc. |
2,671 | 2,772,845 | ||||||
3.65%, 03/18/24 (Call 02/18/24) |
1,825 | 1,934,938 | ||||||
Union
Pacific Corp. |
2,582 | 2,718,665 | ||||||
3.65%, 02/15/24 (Call 11/15/23)(a) |
1,881 | 1,987,841 | ||||||
3.75%, 03/15/24 (Call 12/15/23)(a) |
1,135 | 1,203,441 | ||||||
United Parcel Service Inc. |
||||||||
2.20%, 09/01/24 (Call 08/01/24) |
2,255 | 2,337,623 | ||||||
2.80%, 11/15/24 (Call 09/15/24)(a) |
1,588 | 1,675,007 | ||||||
|
|
|||||||
24,534,835 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 4.35%, 02/15/24 (Call 01/15/24) |
1,334 | 1,430,768 | ||||||
|
|
|||||||
Water — 0.1% |
||||||||
American Water Capital Corp., 3.85%, 03/01/24 (Call 12/01/23) |
1,287 | 1,367,335 | ||||||
|
|
|||||||
Total
Corporate Bonds & Notes — 98.7% |
|
1,484,849,359 | ||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 4.4% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(d)(e)(f) |
62,269 | 62,300,093 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e) |
4,395 | 4,395,000 | ||||||
|
|
|||||||
66,695,093 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 4.4% |
|
66,695,093 | ||||||
|
|
|||||||
Total
Investments in Securities — 103.1% |
|
1,551,544,452 | ||||||
Other Assets, Less Liabilities — (3.1)% |
|
(47,228,144 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 1,504,316,308 | ||||||
|
|
(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. |
50 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2024 Term Corporate ETF
|
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/21 |
Shares Held at 10/31/21 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 42,490,997 | $ | 19,820,460 | (a) | $ | — | $ | (7,362 | ) | $ | (4,002 | ) | $ | 62,300,093 | 62,269 | $ | 108,292(b | ) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
6,575,000 | — | (2,180,000 | )(a) | — | — | 4,395,000 | 4,395 | 2,226 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (7,362 | ) | $ | (4,002 | ) | $ | 66,695,093 | $ | 110,518 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 |
$ | — | $ | 1,484,849,359 | $ | — | $ | 1,484,849,359 | ||||||||
Money Market Funds |
66,695,093 | — | — | 66,695,093 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 66,695,093 | $ | 1,484,849,359 | $ | — | $ | 1,551,544,452 | |||||||||
|
|
|
|
|
|
|
|
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 |
51 |
Schedule of Investments October 31, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value |
||||||
Corporate Bonds & Notes |
||||||||
Aerospace & Defense — 2.3% | ||||||||
Boeing Co. (The) |
||||||||
2.60%, 10/30/25 (Call 07/30/25) |
$ | 915 | $ | 939,614 | ||||
4.88%, 05/01/25 (Call 04/01/25) |
8,277 | 9,141,036 | ||||||
General Dynamics Corp. |
||||||||
3.25%, 04/01/25 (Call 03/01/25)(a) |
2,238 | 2,382,910 | ||||||
3.50%, 05/15/25 (Call 03/15/25) |
2,292 | 2,464,908 | ||||||
L3Harris Technologies Inc., 3.83%, 04/27/25 |
||||||||
(Call 01/27/25)(a) |
1,752 | 1,891,407 | ||||||
Lockheed Martin Corp., 2.90%, 03/01/25 (Call 12/01/24) |
2,163 | 2,281,900 | ||||||
Northrop Grumman Corp., 2.93%, 01/15/25 (Call 11/15/24) |
4,377 | 4,599,352 | ||||||
Raytheon Technologies Corp., 3.95%, 08/16/25 (Call 06/16/25) |
4,360 | 4,758,460 | ||||||
|
|
|||||||
28,459,587 | ||||||||
Agriculture — 1.1% | ||||||||
Altria Group Inc., 2.35%, 05/06/25 (Call 04/06/25) |
2,212 | 2,277,807 | ||||||
Bunge Ltd. Finance Corp., 1.63%, 08/17/25 (Call 07/17/25)(a) |
995 | 998,731 | ||||||
Philip Morris International Inc. |
||||||||
1.50%, 05/01/25 (Call 04/01/25) |
2,347 | 2,366,785 | ||||||
3.38%, 08/11/25 (Call 05/11/25) |
2,063 | 2,210,113 | ||||||
Reynolds American Inc., 4.45%, 06/12/25 (Call 03/12/25) |
5,675 | 6,192,900 | ||||||
|
|
|||||||
14,046,336 | ||||||||
Airlines — 0.4% | ||||||||
Southwest Airlines Co., 5.25%, 05/04/25 (Call 04/04/25)(a) |
3,749 | 4,202,704 | ||||||
United Airlines Pass Through Trust, Series 2013-1, Class A, 4.30%, 08/15/25(a) |
607 | 644,725 | ||||||
|
|
|||||||
4,847,429 | ||||||||
Apparel — 0.7% | ||||||||
NIKE Inc., 2.40%, 03/27/25 (Call 02/27/25) |
3,019 | 3,144,681 | ||||||
PVH Corp., 4.63%, 07/10/25 (Call 06/10/25) |
1,506 | 1,650,787 | ||||||
Ralph Lauren Corp., 3.75%, 09/15/25 (Call 07/15/25)(a) |
1,295 | 1,408,481 | ||||||
Tapestry Inc., 4.25%, 04/01/25 (Call 01/01/25) |
1,028 | 1,109,705 | ||||||
VF Corp., 2.40%, 04/23/25 (Call 03/23/25)(a) |
1,337 | 1,383,153 | ||||||
|
|
|||||||
8,696,807 | ||||||||
Auto Manufacturers — 2.8% | ||||||||
American Honda Finance Corp. |
||||||||
1.00%, 09/10/25 |
1,753 | 1,736,715 | ||||||
1.20%, 07/08/25 |
2,015 | 2,010,023 | ||||||
Cummins
Inc., 0.75%, 09/01/25 |
1,379 | 1,358,563 | ||||||
General Motors Co. |
||||||||
4.00%, 04/01/25(a) |
835 | 900,531 | ||||||
6.13%, 10/01/25 (Call 09/01/25) |
4,530 | 5,250,950 | ||||||
General Motors Financial Co. Inc. |
||||||||
2.75%, 06/20/25 (Call 05/20/25) |
2,840 | 2,948,204 | ||||||
2.90%, 02/26/25 (Call 01/26/25) |
2,746 | 2,855,922 | ||||||
4.00%, 01/15/25 (Call 10/15/24) |
2,250 | 2,407,635 | ||||||
4.30%, 07/13/25 (Call 04/13/25) |
1,958 | 2,127,974 | ||||||
4.35%, 04/09/25 (Call 02/09/25) |
2,868 | 3,117,459 | ||||||
PACCAR Financial Corp., 1.80%, 02/06/25 |
343 | 350,419 | ||||||
Toyota Motor Credit Corp. |
||||||||
0.80%, 10/16/25 |
2,147 | 2,104,897 | ||||||
1.80%, 02/13/25 |
2,974 | 3,034,283 | ||||||
3.00%, 04/01/25 |
2,648 | 2,803,808 | ||||||
3.40%, 04/14/25(a) |
1,605 | 1,722,743 | ||||||
|
|
|||||||
34,730,126 | ||||||||
Auto Parts & Equipment — 0.2% | ||||||||
BorgWarner Inc., 3.38%, 03/15/25 (Call 12/15/24)(a) |
1,526 | 1,622,810 |
Security |
Par (000) |
Value |
||||||
Auto Parts & Equipment (continued) | ||||||||
Magna International Inc., 4.15%, 10/01/25 (Call 07/01/25) |
$ | 1,207 | $ | 1,325,986 | ||||
|
|
|||||||
2,948,796 | ||||||||
Banks — 20.7% | ||||||||
Australia & New Zealand Banking Group Ltd./New York NY, 3.70%, 11/16/25 |
1,927 | 2,111,028 | ||||||
Banco Bilbao Vizcaya Argentaria SA, 1.13%, 09/18/25 |
2,125 | 2,086,814 | ||||||
Banco Santander SA |
||||||||
2.75%, 05/28/25 |
3,535 | 3,672,794 | ||||||
5.18%, 11/19/25 |
3,454 | 3,876,528 | ||||||
Bank of America Corp. |
||||||||
3.88%, 08/01/25 |
3,817 | 4,166,255 | ||||||
4.00%, 01/22/25 |
5,954 | 6,417,043 | ||||||
Series L, 3.95%, 04/21/25(a) |
5,333 | 5,761,293 | ||||||
Bank of Montreal, 1.85%, 05/01/25 |
3,583 | 3,657,526 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
1.60%, 04/24/25 (Call 03/24/25) |
3,103 | 3,146,163 | ||||||
3.95%, 11/18/25 (Call 10/18/25) |
696 | 766,199 | ||||||
Series G, 3.00%, 02/24/25 (Call 01/24/25) |
1,681 | 1,780,196 | ||||||
Bank of Nova Scotia (The) |
||||||||
1.30%, 06/11/25 |
2,787 | 2,785,244 | ||||||
2.20%, 02/03/25(a) |
3,284 | 3,384,556 | ||||||
BankUnited
Inc., 4.88%, 11/17/25 |
1,450 | 1,616,416 | ||||||
Barclays PLC, 3.65%, 03/16/25 |
4,596 | 4,904,208 | ||||||
BBVA USA, 3.88%, 04/10/25 (Call 03/10/25) |
1,997 | 2,157,579 | ||||||
Canadian Imperial Bank of Commerce |
||||||||
0.95%, 10/23/25 |
1,504 | 1,478,297 | ||||||
2.25%, 01/28/25 |
3,027 | 3,120,353 | ||||||
Citigroup Inc. |
||||||||
3.30%, 04/27/25 |
3,047 | 3,252,825 | ||||||
3.88%, 03/26/25 |
2,507 | 2,695,226 | ||||||
4.40%, 06/10/25 |
6,016 | 6,581,684 | ||||||
5.50%, 09/13/25 |
3,431 | 3,914,702 | ||||||
Citizens Bank N.A./Providence RI, 2.25%, 04/28/25 (Call 03/28/25) |
1,846 | 1,905,054 | ||||||
Citizens Financial Group Inc., 4.30%, 12/03/25 (Call 11/03/25)(a) |
803 | 882,192 | ||||||
Comerica Bank, 4.00%, 07/27/25 |
395 | 429,634 | ||||||
Cooperatieve Rabobank U.A., 4.38%, 08/04/25 |
3,684 | 4,044,037 | ||||||
Cooperatieve Rabobank U.A./New York, 3.38%, 05/21/25 |
1,650 | 1,774,261 | ||||||
Credit Suisse AG/New York NY, 2.95%, 04/09/25 |
3,483 | 3,667,738 | ||||||
Credit Suisse Group AG, 3.75%, 03/26/25 |
5,601 | 5,999,791 | ||||||
Fifth Third Bancorp., 2.38%, 01/28/25 (Call 12/28/24) |
3,519 | 3,631,960 | ||||||
Fifth Third Bank NA, 3.95%, 07/28/25 (Call 06/28/25)(a) |
980 | 1,074,560 | ||||||
First Horizon Corp., 4.00%, 05/26/25 (Call 04/26/25) |
1,085 | 1,172,147 | ||||||
Goldman Sachs Group Inc. (The) |
||||||||
3.50%, 01/23/25 (Call 10/23/24) |
6,032 | 6,409,844 | ||||||
3.50%, 04/01/25 (Call 03/01/25)(a) |
6,248 | 6,666,741 | ||||||
3.75%, 05/22/25 (Call 02/22/25) |
5,640 | 6,056,796 | ||||||
4.25%, 10/21/25(a) |
4,999 | 5,481,553 | ||||||
HSBC Holdings PLC, 4.25%, 08/18/25(a) |
3,673 | 3,980,283 | ||||||
Huntington Bancshares Inc./OH, 4.00%, 05/15/25 (Call 04/15/25) |
1,966 | 2,135,961 | ||||||
JPMorgan Chase & Co. |
||||||||
3.13%, 01/23/25 (Call 10/23/24) |
5,886 | 6,209,671 | ||||||
3.90%, 07/15/25 (Call 04/15/25) |
6,159 | 6,689,290 | ||||||
7.75%, 07/15/25 |
110 | 134,417 | ||||||
KeyBank N.A./Cleveland OH, 3.30%, 06/01/25 |
1,893 | 2,031,492 | ||||||
KeyCorp., 4.15%, 10/29/25 |
1,728 | 1,905,708 | ||||||
Lloyds Bank PLC, 3.50%, 05/14/25 |
245 | 261,437 | ||||||
Lloyds Banking Group PLC |
||||||||
4.45%, 05/08/25 |
3,963 | 4,362,629 |
52 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Banks (continued) | ||||||||
4.58%, 12/10/25 |
$ | 3,367 | $ | 3,718,481 | ||||
Manufacturers & Traders Trust Co., 2.90%, 02/06/25 (Call 01/06/25)(a) |
1,837 | 1,936,235 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
1.41%, 07/17/25 |
4,055 | 4,046,484 | ||||||
2.19%, 02/25/25 |
6,296 | 6,468,447 | ||||||
3.78%, 03/02/25 |
1,522 | 1,643,045 | ||||||
Morgan Stanley |
||||||||
4.00%, 07/23/25 |
5,696 | 6,215,475 | ||||||
5.00%, 11/24/25 |
5,956 | 6,710,149 | ||||||
MUFG Americas Holdings Corp., 3.00%, 02/10/25 (Call 11/16/21) |
1,373 | 1,458,263 | ||||||
Northern Trust Corp., 3.95%, 10/30/25 |
2,182 | 2,409,910 | ||||||
PNC Bank N.A. |
||||||||
2.95%, 02/23/25 (Call 01/24/25) |
1,672 | 1,764,880 | ||||||
3.25%, 06/01/25 (Call 05/02/25)(a) |
1,831 | 1,961,935 | ||||||
4.20%, 11/01/25 (Call 10/02/25)(a) |
815 | 903,713 | ||||||
Regions Financial Corp., 2.25%, 05/18/25 (Call 04/18/25) |
2,812 | 2,900,044 | ||||||
Royal Bank of Canada, 1.15%, 06/10/25 |
2,187 | 2,176,415 | ||||||
Santander Holdings USA Inc. |
||||||||
3.45%, 06/02/25 (Call 05/02/25) |
2,116 | 2,245,753 | ||||||
4.50%, 07/17/25 (Call 04/17/25) |
3,079 | 3,370,273 | ||||||
State Street Corp., 3.55%, 08/18/25 |
4,094 | 4,450,874 | ||||||
Sumitomo Mitsui Banking Corp., 3.65%, 07/23/25 |
550 | 594,446 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
1.47%, 07/08/25(a) |
6,129 | 6,125,813 | ||||||
2.35%, 01/15/25(a) |
3,044 | 3,137,603 | ||||||
SVB Financial Group, 3.50%, 01/29/25(a) |
1,079 | 1,150,041 | ||||||
Toronto-Dominion Bank (The) |
||||||||
0.75%, 09/11/25 |
2,243 | 2,195,538 | ||||||
1.15%, 06/12/25 |
2,894 | 2,883,813 | ||||||
Truist Bank |
||||||||
1.50%, 03/10/25 (Call 02/10/25) |
1,808 | 1,828,702 | ||||||
3.63%, 09/16/25 (Call 08/16/25) |
2,602 | 2,812,059 | ||||||
4.05%, 11/03/25 (Call 09/03/25) |
1,030 | 1,135,441 | ||||||
Truist Financial Corp. |
||||||||
1.20%, 08/05/25 (Call 07/03/25)(a) |
1,514 | 1,512,198 | ||||||
3.70%, 06/05/25 (Call 05/05/25) |
1,995 | 2,162,281 | ||||||
4.00%, 05/01/25 (Call 03/01/25) |
2,670 | 2,912,116 | ||||||
U.S. Bancorp |
||||||||
1.45%, 05/12/25 (Call 04/11/25) |
3,267 | 3,296,860 | ||||||
3.95%, 11/17/25 (Call 10/17/25)(a) |
2,562 | 2,823,196 | ||||||
U.S. Bank N.A./Cincinnati OH |
||||||||
2.05%, 01/21/25 (Call 12/20/24) |
2,481 | 2,556,497 | ||||||
2.80%, 01/27/25 (Call 12/27/24) |
1,498 | 1,574,728 | ||||||
Wells Fargo & Co. |
||||||||
3.00%, 02/19/25 |
5,994 | 6,310,723 | ||||||
3.55%, 09/29/25 |
6,137 | 6,603,351 | ||||||
Westpac Banking Corp., 2.35%, 02/19/25 |
3,856 | 4,002,489 | ||||||
|
|
|||||||
260,238,396 | ||||||||
Beverages — 1.4% | ||||||||
Brown-Forman Corp., 3.50%, 04/15/25 (Call 02/15/25)(a) |
379 | 407,512 | ||||||
Coca-Cola Consolidated Inc., 3.80%, 11/25/25 (Call 08/25/25)(a) |
508 | 551,617 | ||||||
Constellation Brands Inc. |
||||||||
4.40%, 11/15/25 (Call 09/15/25) |
1,790 | 1,986,113 | ||||||
4.75%, 12/01/25(a) |
1,020 | 1,148,030 | ||||||
Diageo Capital PLC, 1.38%, 09/29/25 (Call 08/29/25) |
1,247 | 1,252,487 |
Security | Par (000) |
Value | ||||||
Beverages (continued) | ||||||||
Keurig Dr Pepper Inc. |
||||||||
3.40%, 11/15/25 (Call 08/15/25) |
$ | 1,333 | $ | 1,428,829 | ||||
4.42%, 05/25/25 (Call 03/25/25)(a) |
2,987 | 3,284,714 | ||||||
PepsiCo Inc. |
||||||||
2.25%, 03/19/25 (Call 02/19/25) |
2,716 | 2,820,186 | ||||||
2.75%, 04/30/25 (Call 01/30/25)(a) |
2,517 | 2,650,401 | ||||||
3.50%, 07/17/25 (Call 04/17/25) |
1,571 | 1,697,293 | ||||||
|
|
|||||||
17,227,182 | ||||||||
Biotechnology — 1.4% | ||||||||
Amgen Inc. |
||||||||
1.90%, 02/21/25 (Call 01/21/25) |
1,377 | 1,405,050 | ||||||
3.13%, 05/01/25 (Call 02/01/25) |
2,672 | 2,827,190 | ||||||
Baxalta
Inc., 4.00%, 06/23/25 |
2,609 | 2,833,504 | ||||||
Biogen Inc., 4.05%, 09/15/25 (Call 06/15/25) |
4,028 | 4,405,424 | ||||||
Gilead Sciences Inc., 3.50%, 02/01/25 (Call 11/01/24) |
4,058 | 4,324,732 | ||||||
Royalty Pharma PLC, 1.20%, 09/02/25 (Call 08/02/25) |
1,883 | 1,856,732 | ||||||
|
|
|||||||
17,652,632 | ||||||||
Building Materials — 0.6% | ||||||||
Carrier Global Corp., 2.24%, 02/15/25 (Call 01/15/25) |
4,623 | 4,744,724 | ||||||
Fortune Brands Home & Security Inc., 4.00%, 06/15/25 (Call 03/15/25) |
1,384 | 1,501,252 | ||||||
Lennox International Inc., 1.35%, 08/01/25 (Call 07/01/25)(a) |
834 | 827,837 | ||||||
Vulcan Materials Co., 4.50%, 04/01/25 (Call 01/01/25)(a) |
1,027 | 1,125,017 | ||||||
|
|
|||||||
8,198,830 | ||||||||
Chemicals — 1.2% | ||||||||
Air Products and Chemicals Inc., 1.50%, 10/15/25 (Call 09/15/25)(a) |
1,472 | 1,487,544 | ||||||
DuPont de Nemours Inc., 4.49%, 11/15/25 (Call 09/15/25) |
4,145 | 4,613,012 | ||||||
Eastman Chemical Co., 3.80%, 03/15/25 (Call 12/15/24)(a) |
1,799 | 1,930,777 | ||||||
EI du Pont de Nemours and Co., 1.70%, 07/15/25 (Call 06/15/25) |
1,553 | 1,575,115 | ||||||
Linde Inc./CT, 2.65%, 02/05/25 (Call 11/05/24) |
672 | 702,589 | ||||||
LYB International Finance III LLC, 1.25%, 10/01/25 (Call 09/01/25)(a) |
1,001 | 991,120 | ||||||
Nutrien Ltd. |
||||||||
3.00%, 04/01/25 (Call 01/01/25) |
1,068 | 1,121,816 | ||||||
3.38%, 03/15/25 (Call 12/15/24) |
1,435 | 1,525,233 | ||||||
Sherwin-Williams Co. (The), 3.45%, 08/01/25 (Call 05/01/25)(a) |
1,467 | 1,572,067 | ||||||
|
|
|||||||
15,519,273 | ||||||||
Commercial Services — 1.3% | ||||||||
Automatic Data Processing Inc., 3.38%, 09/15/25 (Call 06/15/25)(a) |
3,394 | 3,659,207 | ||||||
Block Financial LLC, 5.25%, 10/01/25 (Call 07/01/25)(a) |
980 | 1,098,306 | ||||||
Equifax Inc., 2.60%, 12/15/25 (Call 11/15/25) |
857 | 891,880 | ||||||
Global Payments Inc., 2.65%, 02/15/25 (Call 01/15/25) |
2,151 | 2,228,759 | ||||||
Moody’s Corp., 3.75%, 03/24/25 (Call 02/24/25) |
862 | 928,796 | ||||||
PayPal Holdings Inc., 1.65%, 06/01/25 (Call 05/01/25) |
2,110 | 2,143,380 | ||||||
S&P Global Inc., 4.00%, 06/15/25 (Call 03/15/25) |
2,536 | 2,768,120 | ||||||
Verisk Analytics Inc., 4.00%, 06/15/25 (Call 03/15/25) |
2,386 | 2,600,000 | ||||||
Yale University, Series 2020, 0.87%, 04/15/25 (Call 03/15/25)(a) |
165 | 164,444 | ||||||
|
|
|||||||
16,482,892 | ||||||||
Computers — 3.0% | ||||||||
Apple Inc. |
||||||||
0.55%, 08/20/25 (Call 07/20/25) |
1,185 | 1,160,589 | ||||||
1.13%, 05/11/25 (Call 04/11/25) |
6,282 | 6,280,681 | ||||||
2.50%, 02/09/25 |
3,194 | 3,335,686 | ||||||
2.75%, 01/13/25 (Call 11/13/24) |
3,177 | 3,342,172 |
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, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Computers (continued) | ||||||||
3.20%, 05/13/25 |
$ | 4,516 | $ | 4,831,036 | ||||
Dell International LLC/EMC Corp., 5.85%, 07/15/25 (Call 06/15/25)(a) |
2,871 | 3,305,899 | ||||||
Hewlett Packard Enterprise Co., 4.90%, 10/15/25 (Call 07/15/25) |
5,690 | 6,372,971 | ||||||
HP Inc., 2.20%, 06/17/25 (Call 05/17/25) |
3,483 | 3,573,802 | ||||||
International Business Machines Corp., 7.00%, 10/30/25 |
1,589 | 1,938,500 | ||||||
Leidos Inc., 3.63%, 05/15/25 (Call 04/15/25)(a) |
1,343 | 1,438,044 | ||||||
NetApp Inc., 1.88%, 06/22/25 (Call 05/22/25) |
2,651 | 2,694,503 | ||||||
|
|
|||||||
38,273,883 | ||||||||
Cosmetics & Personal Care — 0.2% | ||||||||
Procter & Gamble Co. (The), 0.55%, 10/29/25 |
963 | 942,228 | ||||||
Unilever Capital Corp. |
||||||||
3.10%, 07/30/25(a) |
705 | 754,336 | ||||||
3.38%, 03/22/25 (Call 01/22/25)(a) |
1,043 | 1,116,385 | ||||||
|
|
|||||||
2,812,949 | ||||||||
Distribution & Wholesale — 0.1% | ||||||||
WW Grainger Inc., 1.85%, 02/15/25 (Call 01/15/25) |
775 | 795,700 | ||||||
|
|
|||||||
Diversified Financial Services — 6.3% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
3.50%, 01/15/25 (Call 11/15/24) |
1,325 | 1,392,562 | ||||||
4.45%, 10/01/25 (Call 08/01/25)(a) |
1,218 | 1,326,256 | ||||||
6.50%, 07/15/25 (Call 06/15/25)(a) |
3,365 | 3,899,160 | ||||||
Affiliated Managers Group Inc., 3.50%, 08/01/25(a) |
805 | 862,702 | ||||||
Air Lease Corp. |
||||||||
2.30%, 02/01/25 (Call 01/01/25)(a) |
884 | 901,097 | ||||||
3.25%, 03/01/25 (Call 01/01/25)(a) |
2,254 | 2,360,254 | ||||||
3.38%, 07/01/25 (Call 06/01/25) |
2,060 | 2,170,375 | ||||||
Ally Financial Inc. |
||||||||
4.63%, 03/30/25 |
1,394 | 1,534,655 | ||||||
5.80%, 05/01/25 (Call 04/01/25)(a) |
2,198 | 2,506,291 | ||||||
American Express Co., 4.20%, 11/06/25 (Call 10/06/25) |
2,818 | 3,130,629 | ||||||
Ameriprise Financial Inc., 3.00%, 04/02/25 (Call 03/02/25) |
886 | 934,065 | ||||||
Capital One Financial Corp. |
||||||||
3.20%, 02/05/25 (Call 01/05/25) |
2,473 | 2,618,660 | ||||||
4.20%, 10/29/25 (Call 09/29/25) |
3,380 | 3,698,227 | ||||||
4.25%, 04/30/25 (Call 03/31/25) |
1,728 | 1,892,212 | ||||||
Charles Schwab Corp. (The) |
||||||||
3.00%, 03/10/25 (Call 12/10/24) |
1,017 | 1,074,044 | ||||||
3.63%, 04/01/25 (Call 01/01/25) |
1,170 | 1,253,994 | ||||||
3.85%, 05/21/25 (Call 03/21/25) |
2,040 | 2,216,766 | ||||||
4.20%, 03/24/25 (Call 02/24/25) |
746 | 817,802 | ||||||
CME Group Inc., 3.00%, 03/15/25 (Call 12/15/24) |
2,464 | 2,599,865 | ||||||
Discover Financial Services, 3.75%, 03/04/25 (Call 12/04/24) |
2,004 | 2,141,815 | ||||||
Franklin Resources Inc., 2.85%, 03/30/25(a) |
1,366 | 1,439,955 | ||||||
GE Capital Funding LLC, 3.45%, 05/15/25 (Call 04/15/25) |
2,937 | 3,144,147 | ||||||
GE Capital International Funding Co. Unlimited Co., 3.37%, 11/15/25 |
4,839 | 5,219,732 | ||||||
Intercontinental Exchange Inc., 3.75%, 12/01/25 (Call 09/01/25) |
3,578 | 3,894,939 | ||||||
Janus Capital Group Inc., 4.88%, 08/01/25 (Call 05/01/25) |
607 | 672,143 | ||||||
Lazard Group LLC, 3.75%, 02/13/25 |
1,214 | 1,300,619 | ||||||
Mastercard Inc., 2.00%, 03/03/25 (Call 02/03/25) |
2,316 | 2,384,878 | ||||||
Nomura Holdings Inc. |
||||||||
1.85%, 07/16/25 |
3,414 | 3,429,704 | ||||||
2.65%, 01/16/25 |
3,446 | 3,566,472 | ||||||
Synchrony Financial, 4.50%, 07/23/25 (Call 04/23/25) |
2,855 | 3,123,142 | ||||||
Visa Inc., 3.15%, 12/14/25 (Call 09/14/25) |
8,680 | 9,327,702 |
Security | Par (000) |
Value | ||||||
Diversified Financial Services (continued) | ||||||||
Western Union Co. (The), 2.85%, 01/10/25 (Call 12/10/24)(a) |
$ | 1,909 | $ | 1,986,696 | ||||
|
|
|||||||
78,821,560 | ||||||||
Electric — 4.8% | ||||||||
Ameren Illinois Co., 3.25%, 03/01/25 (Call 12/01/24) |
491 | 520,818 | ||||||
American Electric Power Co. Inc., Series N, 1.00%, 11/01/25 (Call 10/01/25)(a) |
1,096 | 1,076,590 | ||||||
Appalachian Power Co., 3.40%, 06/01/25 (Call 03/01/25) |
614 | 655,506 | ||||||
Arizona Public Service Co., 3.15%, 05/15/25 (Call 02/15/25) |
664 | 703,223 | ||||||
Avangrid Inc., 3.20%, 04/15/25 (Call 03/15/25) |
1,985 | 2,101,817 | ||||||
Berkshire Hathaway Energy Co. |
||||||||
3.50%, 02/01/25 (Call 11/01/24) |
1,420 | 1,513,734 | ||||||
4.05%, 04/15/25 (Call 03/15/25)(a) |
2,931 | 3,198,395 | ||||||
Connecticut Light & Power Co. (The), Series A, 0.75%, 12/01/25 (Call 11/01/25) |
604 | 591,346 | ||||||
Dominion Energy Inc. |
||||||||
3.90%, 10/01/25 (Call 07/01/25)(a) |
2,596 | 2,822,890 | ||||||
Series A, 3.30%, 03/15/25 (Call 02/15/25) |
477 | 506,650 | ||||||
DTE Electric Co., 3.38%, 03/01/25 (Call 12/01/24) |
795 | 847,899 | ||||||
DTE Energy Co., Series F, 1.05%, 06/01/25 (Call 05/01/25) |
2,794 | 2,760,109 | ||||||
Duke Energy Corp., 0.90%, 09/15/25 (Call 08/15/25) |
990 | 972,378 | ||||||
Duke Energy Progress LLC, 3.25%, 08/15/25 (Call 05/15/25)(a) |
1,602 | 1,715,678 | ||||||
Edison International, 4.95%, 04/15/25 (Call 03/15/25) |
1,179 | 1,290,298 | ||||||
Entergy Corp., 0.90%, 09/15/25 (Call 08/15/25) |
2,074 | 2,021,009 | ||||||
Evergy Metro Inc., 3.65%, 08/15/25 (Call 05/15/25) |
736 | 793,791 | ||||||
Eversource Energy |
||||||||
Series H, 3.15%, 01/15/25 (Call 10/15/24) |
1,188 | 1,252,924 | ||||||
Series Q, 0.80%, 08/15/25 (Call 07/15/25) |
641 | 625,238 | ||||||
Exelon Corp., 3.95%, 06/15/25 (Call 03/15/25) |
2,996 | 3,238,317 | ||||||
Exelon Generation Co. LLC, 3.25%, 06/01/25 (Call 05/01/25)(a) |
1,697 | 1,794,510 | ||||||
Florida Power & Light Co. |
||||||||
2.85%, 04/01/25 (Call 03/01/25) |
2,609 | 2,745,659 | ||||||
3.13%, 12/01/25 (Call 06/01/25) |
1,824 | 1,947,284 | ||||||
Iberdrola International BV, 5.81%, 03/15/25(a) |
70 | 80,296 | ||||||
Louisville Gas & Electric Co., Series 25, 3.30%, 10/01/25 (Call 07/01/25)(a) |
1,024 | 1,094,001 | ||||||
National Rural Utilities Cooperative Finance Corp. |
||||||||
2.85%, 01/27/25 (Call 10/27/24) |
1,227 | 1,288,939 | ||||||
3.25%, 11/01/25 (Call 08/01/25) |
1,089 | 1,165,219 | ||||||
NextEra Energy Capital Holdings Inc., 2.75%, 05/01/25 (Call 04/01/25)(a) |
1,974 | 2,070,430 | ||||||
Oncor Electric Delivery Co. LLC |
||||||||
0.55%, 10/01/25 (Call 09/01/25)(a) |
786 | 761,540 | ||||||
2.95%, 04/01/25 (Call 01/01/25) |
612 | 645,960 | ||||||
Pacific Gas & Electric Co., 3.50%, 06/15/25 (Call 03/15/25) |
3,280 | 3,429,502 | ||||||
PECO Energy Co., 3.15%, 10/15/25 (Call 07/15/25) |
190 | 202,198 | ||||||
Pinnacle West Capital Corp., 1.30%, 06/15/25 (Call 05/15/25) |
1,455 | 1,442,924 | ||||||
Public Service Electric & Gas Co., 3.00%, 05/15/25 (Call 02/15/25) |
660 | 697,389 | ||||||
Public Service Enterprise Group Inc., 0.80%, 08/15/25 (Call 07/15/25) |
1,522 | 1,484,635 | ||||||
Puget Energy Inc., 3.65%, 05/15/25 (Call 02/15/25) |
1,211 | 1,287,124 | ||||||
Sempra Energy, 3.75%, 11/15/25 (Call 08/15/25) |
1,128 | 1,221,060 | ||||||
Southern California Edison Co., Series E, 3.70%, 08/01/25 (Call 06/01/25)(a) |
2,412 | 2,606,841 | ||||||
Southern Power Co., 4.15%, 12/01/25 (Call 09/01/25) |
1,368 | 1,500,518 | ||||||
Tucson Electric Power Co., 3.05%, 03/15/25 (Call 12/15/24)(a) |
185 | 194,827 |
54 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Electric (continued) | ||||||||
Virginia Electric & Power Co., Series A, 3.10%, 05/15/25 (Call 02/15/25) |
$ | 631 | $ | 667,207 | ||||
WEC Energy Group Inc., 3.55%, 06/15/25 (Call 03/15/25) |
1,140 | 1,221,601 | ||||||
Xcel Energy Inc., 3.30%, 06/01/25 (Call 12/01/24) |
1,710 | 1,816,499 | ||||||
|
|
|||||||
60,574,773 | ||||||||
Electrical Components & Equipment — 0.0% | ||||||||
Emerson Electric Co., 3.15%, 06/01/25 (Call 03/01/25)(a) |
259 | 275,641 | ||||||
|
|
|||||||
Electronics — 0.5% | ||||||||
Amphenol Corp., 2.05%, 03/01/25 (Call 02/01/25) |
712 | 729,907 | ||||||
Arrow Electronics Inc., 4.00%, 04/01/25 (Call 01/01/25) |
474 | 508,133 | ||||||
Flex Ltd., 4.75%, 06/15/25 (Call 03/15/25)(a) |
1,233 | 1,354,943 | ||||||
Honeywell International Inc., 1.35%, 06/01/25 (Call 05/01/25) |
2,857 | 2,880,827 | ||||||
Legrand France SA, 8.50%, 02/15/25 |
417 | 510,796 | ||||||
|
|
|||||||
5,984,606 | ||||||||
Environmental Control — 0.3% | ||||||||
Republic Services Inc. |
||||||||
0.88%, 11/15/25 (Call 10/15/25) |
887 | 866,581 | ||||||
3.20%, 03/15/25 (Call 12/15/24) |
1,452 | 1,538,191 | ||||||
Waste Management Inc. |
||||||||
0.75%, 11/15/25 (Call 10/15/25) |
1,313 | 1,283,313 | ||||||
3.13%, 03/01/25 (Call 12/01/24)(a) |
25 | 26,460 | ||||||
|
|
|||||||
3,714,545 | ||||||||
Food — 1.6% | ||||||||
Campbell Soup Co. |
||||||||
3.30%, 03/19/25 (Call 12/19/24) |
705 | 747,335 | ||||||
3.95%, 03/15/25 (Call 01/15/25)(a) |
2,654 | 2,871,203 | ||||||
Conagra Brands Inc., 4.60%, 11/01/25 (Call 09/01/25) |
3,010 | 3,351,785 | ||||||
General Mills Inc., 4.00%, 04/17/25 (Call 02/17/25) |
2,834 | 3,080,926 | ||||||
Hershey Co. (The) |
||||||||
0.90%, 06/01/25 (Call 05/01/25) |
410 | 407,151 | ||||||
3.20%, 08/21/25 (Call 05/21/25) |
40 | 42,688 | ||||||
JM Smucker Co. (The), 3.50%, 03/15/25(a) |
2,500 | 2,678,125 | ||||||
Mondelez International Inc., 1.50%, 05/04/25 (Call 04/04/25) |
1,593 | 1,606,381 | ||||||
Sysco Corp. |
||||||||
3.55%, 03/15/25 (Call 01/15/25) |
1,591 | 1,704,741 | ||||||
3.75%, 10/01/25 (Call 07/01/25)(a) |
2,135 | 2,314,810 | ||||||
5.65%, 04/01/25 (Call 03/01/25) |
1,247 | 1,419,173 | ||||||
|
|
|||||||
20,224,318 | ||||||||
Forest Products & Paper — 0.0% | ||||||||
Fibria Overseas Finance Ltd., 4.00%, 01/14/25 (Call 11/14/24) |
315 | 332,092 | ||||||
|
|
|||||||
Gas — 0.4% | ||||||||
National Fuel Gas Co., 5.20%, 07/15/25 (Call 04/15/25) |
920 | 1,015,597 | ||||||
NiSource Inc., 0.95%, 08/15/25 (Call 07/15/25) |
3,400 | 3,333,802 | ||||||
Southern California Gas Co., 3.20%, 06/15/25 (Call 03/15/25) |
695 | 736,089 | ||||||
|
|
|||||||
5,085,488 | ||||||||
Health Care - Products — 2.2% | ||||||||
Abbott Laboratories |
||||||||
2.95%, 03/15/25 (Call 12/15/24) |
2,602 | 2,754,946 | ||||||
3.88%, 09/15/25 (Call 06/15/25)(a) |
1,648 | 1,800,242 | ||||||
Boston Scientific Corp. |
||||||||
1.90%, 06/01/25 (Call 05/01/25) |
1,357 | 1,381,643 | ||||||
3.85%, 05/15/25 |
1,613 | 1,746,782 | ||||||
Danaher Corp., 3.35%, 09/15/25 (Call 06/15/25)(a) |
1,313 | 1,412,420 | ||||||
Medtronic Inc., 3.50%, 03/15/25 |
4,520 | 4,873,690 |
Security | Par (000) |
Value | ||||||
Health Care - Products (continued) | ||||||||
Stryker Corp. |
||||||||
1.15%, 06/15/25 (Call 05/15/25)(a) |
$ | 1,431 | $ | 1,427,094 | ||||
3.38%, 11/01/25 (Call 08/01/25) |
2,679 | 2,880,809 | ||||||
Thermo Fisher Scientific Inc. |
||||||||
3.65%, 12/15/25 (Call 09/15/25) |
1,003 | 1,088,285 | ||||||
4.13%, 03/25/25 (Call 02/25/25) |
2,892 | 3,156,502 | ||||||
Zimmer Biomet Holdings Inc., 3.55%, 04/01/25 (Call 01/01/25) |
4,914 | 5,235,720 | ||||||
|
|
|||||||
27,758,133 | ||||||||
Health Care - Services — 1.9% | ||||||||
Anthem Inc., 2.38%, 01/15/25 (Call 12/15/24) |
3,616 | 3,741,584 | ||||||
CommonSpirit Health, 1.55%, 10/01/25 (Call 07/01/25) |
448 | 446,710 | ||||||
HCA Inc., 5.25%, 04/15/25 |
3,758 | 4,212,530 | ||||||
Humana Inc., 4.50%, 04/01/25 (Call 03/01/25) |
1,537 | 1,690,792 | ||||||
Laboratory Corp. of America Holdings, 3.60%, 02/01/25 (Call 11/01/24) |
3,096 | 3,296,992 | ||||||
PeaceHealth Obligated Group, Series 2020, 1.38%, 11/15/25 (Call 08/15/25) |
548 | 548,910 | ||||||
Quest Diagnostics Inc., 3.50%, 03/30/25 (Call 12/30/24)(a) |
1,527 | 1,628,500 | ||||||
Sutter Health, Series 20A, 1.32%, 08/15/25 (Call 05/15/25) |
215 | 214,080 | ||||||
UnitedHealth Group Inc. |
||||||||
3.70%, 12/15/25 |
1,569 | 1,719,969 | ||||||
3.75%, 07/15/25 |
4,517 | 4,926,827 | ||||||
UPMC, Series D-1, 3.60%, 04/03/25(a) |
800 | 856,016 | ||||||
|
|
|||||||
23,282,910 | ||||||||
Holding Companies - Diversified — 0.9% | ||||||||
Ares Capital Corp. |
||||||||
3.25%, 07/15/25 (Call 06/15/25) |
2,613 | 2,717,128 | ||||||
4.25%, 03/01/25 (Call 01/01/25) |
1,825 | 1,944,574 | ||||||
FS KKR Capital Corp., 4.13%, 02/01/25 (Call 01/01/25) |
1,452 | 1,533,922 | ||||||
Goldman Sachs BDC Inc., 3.75%, 02/10/25 (Call 01/10/25) |
1,165 | 1,226,745 | ||||||
Oaktree Specialty Lending Corp., 3.50%, 02/25/25 (Call 01/25/25)(a) |
825 | 857,843 | ||||||
Owl Rock Capital Corp. |
||||||||
3.75%, 07/22/25 (Call 06/22/25) |
1,332 | 1,390,568 | ||||||
4.00%, 03/30/25 (Call 02/28/25) |
1,217 | 1,276,353 | ||||||
|
|
|||||||
10,947,133 | ||||||||
Home Builders — 0.3% | ||||||||
DR Horton Inc., 2.60%, 10/15/25 (Call 09/15/25) |
1,225 | 1,275,237 | ||||||
Lennar Corp., 4.75%, 05/30/25 (Call 02/28/25)(a) |
1,851 | 2,041,616 | ||||||
|
|
|||||||
3,316,853 | ||||||||
Home Furnishings — 0.1% | ||||||||
Harman International Industries Inc., 4.15%, 05/15/25 (Call 02/15/25) |
415 | 450,333 | ||||||
Whirlpool Corp., 3.70%, 05/01/25 |
732 | 786,746 | ||||||
|
|
|||||||
1,237,079 | ||||||||
Household Products & Wares — 0.0% | ||||||||
Kimberly-Clark Corp., 3.05%, 08/15/25 |
570 | 608,549 | ||||||
|
|
|||||||
Insurance — 1.9% | ||||||||
Aflac Inc., 3.25%, 03/17/25 |
1,475 | 1,576,082 | ||||||
Allied World Assurance Co. Holdings Ltd., 4.35%, 10/29/25 (Call 07/29/25) |
458 | 494,750 | ||||||
Allstate Corp. (The), 0.75%, 12/15/25 (Call 11/15/25) |
696 | 682,393 | ||||||
American International Group Inc. |
||||||||
2.50%, 06/30/25 (Call 05/30/25) |
2,681 | 2,785,452 | ||||||
3.75%, 07/10/25 (Call 04/10/25) |
3,166 | 3,413,581 | ||||||
Aon PLC, 3.88%, 12/15/25 (Call 09/15/25)(a) |
2,489 | 2,717,739 | ||||||
Chubb INA Holdings Inc., 3.15%, 03/15/25(a) |
946 | 1,008,918 |
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, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Insurance (continued) | ||||||||
CNO Financial Group Inc., 5.25%, 05/30/25 (Call 02/28/25)(a) |
$ | 942 | $ | 1,054,409 | ||||
Kemper Corp., 4.35%, 02/15/25 (Call 11/15/24) |
724 | 780,132 | ||||||
Lincoln National Corp., 3.35%, 03/09/25 |
430 | 458,638 | ||||||
Marsh & McLennan Companies Inc., 3.50%, 03/10/25 (Call 12/10/24) |
2,046 | 2,187,931 | ||||||
MetLife Inc. |
||||||||
3.00%, 03/01/25 |
1,373 | 1,451,975 | ||||||
3.60%, 11/13/25 (Call 08/13/25)(a) |
1,513 | 1,646,068 | ||||||
Principal Financial Group Inc., 3.40%, 05/15/25 (Call 02/15/25)(a) |
1,617 | 1,723,059 | ||||||
RenaissanceRe Finance Inc., 3.70%, 04/01/25 (Call 01/01/25)(a) |
530 | 567,545 | ||||||
XLIT Ltd., 4.45%, 03/31/25 |
1,503 | 1,648,551 | ||||||
|
|
|||||||
24,197,223 | ||||||||
Internet — 1.1% | ||||||||
Alphabet Inc., 0.45%, 08/15/25 (Call 07/15/25) |
1,427 | 1,396,234 | ||||||
Amazon.com Inc. |
||||||||
0.80%, 06/03/25 (Call 05/03/25) |
2,390 | 2,366,913 | ||||||
5.20%, 12/03/25 (Call 09/03/25) |
2,535 | 2,906,783 | ||||||
Baidu Inc. |
||||||||
3.08%, 04/07/25 (Call 03/07/25)(a) |
1,130 | 1,175,731 | ||||||
4.13%, 06/30/25 |
1,220 | 1,317,502 | ||||||
Booking Holdings Inc., 3.65%, 03/15/25 (Call 12/15/24) |
1,868 | 2,010,715 | ||||||
eBay Inc., 1.90%, 03/11/25 (Call 02/11/25) |
2,373 | 2,419,558 | ||||||
Tencent Music Entertainment Group, 1.38%, 09/03/25 (Call 08/03/25) |
150 | 145,778 | ||||||
VeriSign Inc., 5.25%, 04/01/25 (Call 01/01/25) |
175 | 195,384 | ||||||
|
|
|||||||
13,934,598 | ||||||||
Iron & Steel — 0.3% | ||||||||
Nucor Corp., 2.00%, 06/01/25 (Call 05/01/25) |
1,463 | 1,492,230 | ||||||
Reliance Steel & Aluminum Co., 1.30%, 08/15/25 (Call 07/15/25) |
1,109 | 1,096,524 | ||||||
Steel Dynamics Inc., 2.40%, 06/15/25 (Call 05/15/25) |
1,006 | 1,036,331 | ||||||
|
|
|||||||
3,625,085 | ||||||||
Leisure Time — 0.1% | ||||||||
Harley-Davidson Inc., 3.50%, 07/28/25 (Call 04/28/25) |
1,312 | 1,389,487 | ||||||
|
|
|||||||
Lodging — 0.9% | ||||||||
Hyatt Hotels Corp., 5.38%, 04/23/25 (Call 03/23/25)(a) |
1,214 | 1,352,250 | ||||||
Las Vegas Sands Corp., 2.90%, 06/25/25 (Call 05/25/25)(a) |
1,385 | 1,402,950 | ||||||
Marriott International Inc./MD |
||||||||
3.75%, 03/15/25 (Call 12/15/24) |
536 | 569,945 | ||||||
3.75%, 10/01/25 (Call 07/01/25) |
1,089 | 1,167,473 | ||||||
Series EE, 5.75%, 05/01/25 (Call 04/01/25) |
1,851 | 2,098,238 | ||||||
Sands China Ltd., 5.13%, 08/08/25 (Call 06/08/25) |
3,901 | 4,145,242 | ||||||
|
|
|||||||
10,736,098 | ||||||||
Machinery — 1.1% | ||||||||
Caterpillar Financial Services Corp. |
||||||||
0.80%, 11/13/25(a) |
2,198 | 2,163,909 | ||||||
1.45%, 05/15/25 |
836 | 844,444 | ||||||
Deere & Co., 2.75%, 04/15/25 (Call 03/15/25) |
1,607 | 1,691,110 | ||||||
Dover Corp., 3.15%, 11/15/25 (Call 08/15/25) |
634 | 675,654 | ||||||
John Deere Capital Corp. |
||||||||
2.05%, 01/09/25 |
457 | 471,386 | ||||||
3.40%, 09/11/25(a) |
1,201 | 1,296,780 | ||||||
3.45%, 03/13/25 |
1,928 | 2,075,897 | ||||||
Otis Worldwide Corp., 2.06%, 04/05/25 (Call 03/05/25)(a) |
3,383 | 3,463,955 | ||||||
Rockwell Automation Inc., 2.88%, 03/01/25 (Call 12/01/24) |
202 | 212,304 |
Security | Par (000) |
Value | ||||||
Machinery (continued) | ||||||||
Westinghouse Air Brake Technologies Corp., 3.20%, 06/15/25 (Call 05/15/25)(a) |
$ | 701 | $ | 741,679 | ||||
|
|
|||||||
13,637,118 | ||||||||
Manufacturing — 0.4% | ||||||||
3M Co. |
||||||||
2.00%, 02/14/25 (Call 01/14/25) |
1,744 | 1,792,553 | ||||||
2.65%, 04/15/25 (Call 03/15/25) |
1,229 | 1,288,004 | ||||||
3.00%, 08/07/25(a) |
1,245 | 1,331,503 | ||||||
Textron Inc., 3.88%, 03/01/25 (Call 12/01/24) |
614 | 659,442 | ||||||
|
|
|||||||
5,071,502 | ||||||||
Media — 3.7% | ||||||||
Charter Communications Operating LLC/Charter |
||||||||
Communications Operating Capital, 4.91%, 07/23/25 (Call 04/23/25) |
10,566 | 11,750,026 | ||||||
Comcast Corp. |
||||||||
3.10%, 04/01/25 (Call 03/01/25) |
1,660 | 1,759,119 | ||||||
3.38%, 02/15/25 (Call 11/15/24) |
2,180 | 2,325,689 | ||||||
3.38%, 08/15/25 (Call 05/15/25) |
3,582 | 3,843,880 | ||||||
3.95%, 10/15/25 (Call 08/15/25) |
6,868 | 7,544,979 | ||||||
Discovery Communications LLC |
||||||||
3.45%, 03/15/25 (Call 12/15/24) |
803 | 850,779 | ||||||
3.95%, 06/15/25 (Call 03/15/25) |
1,600 | 1,728,496 | ||||||
Fox Corp., 3.05%, 04/07/25 (Call 03/07/25) |
1,888 | 1,993,199 | ||||||
Grupo Televisa SAB, 6.63%, 03/18/25 |
835 | 964,650 | ||||||
TWDC Enterprises 18 Corp., 3.15%, 09/17/25 |
2,346 | 2,508,062 | ||||||
ViacomCBS Inc. |
||||||||
3.50%, 01/15/25 (Call 10/15/24) |
1,620 | 1,721,088 | ||||||
4.75%, 05/15/25 (Call 04/15/25)(a) |
3,445 | 3,822,296 | ||||||
Walt Disney Co. (The) |
||||||||
3.35%, 03/24/25(a) |
3,618 | 3,873,033 | ||||||
3.70%, 10/15/25 (Call 07/15/25) |
1,973 | 2,142,915 | ||||||
|
|
|||||||
46,828,211 | ||||||||
Metal Fabricate & Hardware — 0.2% | ||||||||
Precision Castparts Corp., 3.25%, 06/15/25 (Call 03/15/25) |
2,868 | 3,073,980 | ||||||
|
|
|||||||
Mining — 0.4% | ||||||||
Rio Tinto Finance USA Ltd., 3.75%, 06/15/25 (Call 03/15/25) |
3,396 | 3,694,746 | ||||||
Southern Copper Corp., 3.88%, 04/23/25 |
944 | 1,017,981 | ||||||
|
|
|||||||
4,712,727 | ||||||||
Office & Business Equipment — 0.1% | ||||||||
CDW LLC/CDW Finance Corp., 4.13%, 05/01/25 (Call 05/01/22) |
983 | 1,013,552 | ||||||
|
|
|||||||
Oil & Gas — 4.6% | ||||||||
BP Capital Markets America Inc. |
||||||||
3.19%, 04/06/25 (Call 03/06/25)(a) |
1,393 | 1,479,241 | ||||||
3.80%, 09/21/25 (Call 07/21/25)(a) |
2,868 | 3,129,848 | ||||||
BP Capital Markets PLC, 3.51%, 03/17/25 |
2,040 | 2,190,715 | ||||||
Canadian Natural Resources Ltd. |
||||||||
2.05%, 07/15/25 (Call 06/15/25)(a) |
1,217 | 1,235,827 | ||||||
3.90%, 02/01/25 (Call 11/01/24) |
1,643 | 1,761,707 | ||||||
Cenovus Energy Inc., 5.38%, 07/15/25 (Call 04/15/25) |
1,701 | 1,911,176 | ||||||
Chevron Corp. |
||||||||
1.55%, 05/11/25 (Call 04/11/25) |
2,986 | 3,029,446 | ||||||
3.33%, 11/17/25 (Call 08/17/25)(a) |
2,054 | 2,213,452 | ||||||
Chevron USA Inc., 0.69%, 08/12/25 (Call 07/12/25) |
2,109 | 2,071,839 | ||||||
Devon Energy Corp., 5.85%, 12/15/25 (Call 09/15/25) |
1,395 | 1,605,994 | ||||||
Diamondback Energy Inc., 4.75%, 05/31/25 (Call 04/30/25) |
1,257 | 1,390,959 | ||||||
EOG Resources Inc., 3.15%, 04/01/25 (Call 01/01/25) |
2,048 | 2,170,593 |
56 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Oil & Gas (continued) |
||||||||
Exxon
Mobil Corp. |
$ | 8,043 | $ | 8,432,844 | ||||
2.99%, 03/19/25 (Call 02/19/25) |
1,427 | 1,508,696 | ||||||
Marathon Petroleum Corp., 4.70%, 05/01/25 (Call 04/01/25)(a) |
3,301 | 3,646,912 | ||||||
Phillips 66, 3.85%, 04/09/25 (Call 03/09/25)(a) |
1,652 | 1,781,104 | ||||||
Shell
International Finance BV |
2,997 | 3,111,036 | ||||||
3.25%, 05/11/25(a) |
5,820 | 6,226,352 | ||||||
Suncor Energy Inc., 3.10%, 05/15/25 (Call 04/15/25)(a) |
977 | 1,031,575 | ||||||
TotalEnergies Capital International SA, 2.43%, 01/10/25 (Call 10/10/24) |
2,805 | 2,908,757 | ||||||
Valero
Energy Corp. |
2,568 | 2,686,179 | ||||||
3.65%, 03/15/25 |
1,651 | 1,774,115 | ||||||
|
|
|||||||
57,298,367 | ||||||||
Oil & Gas Services — 0.3% | ||||||||
Halliburton
Co., 3.80%, 11/15/25 |
2,410 | 2,625,478 | ||||||
Schlumberger Finance Canada Ltd., 1.40%, 09/17/25 (Call 08/17/25) |
1,225 | 1,227,891 | ||||||
|
|
|||||||
3,853,369 | ||||||||
Packaging & Containers — 0.2% | ||||||||
WRKCo Inc., 3.75%, 03/15/25 (Call 01/15/25) |
1,824 | 1,964,266 | ||||||
|
|
|||||||
Pharmaceuticals — 5.9% | ||||||||
AbbVie
Inc. |
10,184 | 10,932,015 | ||||||
3.80%, 03/15/25 (Call 12/15/24) |
5,943 | 6,400,136 | ||||||
AmerisourceBergen Corp., 3.25%, 03/01/25 (Call 12/01/24) |
2,025 | 2,143,159 | ||||||
AstraZeneca PLC, 3.38%, 11/16/25 |
4,700 | 5,082,674 | ||||||
Bristol-Myers
Squibb Co. |
1,368 | 1,341,474 | ||||||
3.88%, 08/15/25 (Call 05/15/25) |
5,982 | 6,527,738 | ||||||
Cardinal Health Inc., 3.75%, 09/15/25 (Call 06/15/25) |
1,869 | 2,019,342 | ||||||
Cigna
Corp. |
2,339 | 2,480,369 | ||||||
4.13%, 11/15/25 (Call 09/15/25) |
4,559 | 5,015,128 | ||||||
CVS
Health Corp. |
3,766 | 4,088,370 | ||||||
4.10%, 03/25/25 (Call 01/25/25) |
4,832 | 5,257,168 | ||||||
Eli Lilly & Co., 2.75%, 06/01/25 (Call 03/01/25) |
1,965 | 2,066,512 | ||||||
GlaxoSmithKline Capital Inc., 3.63%, 05/15/25 |
2,821 | 3,056,356 | ||||||
Johnson &
Johnson |
895 | 878,756 | ||||||
2.63%, 01/15/25 (Call 11/15/24) |
874 | 917,245 | ||||||
McKesson Corp., 0.90%, 12/03/25 (Call 11/03/25) |
873 | 852,886 | ||||||
Mead Johnson Nutrition Co., 4.13%, 11/15/25 (Call 08/15/25) |
1,807 | 1,991,603 | ||||||
Merck & Co. Inc., 2.75%, 02/10/25 (Call 11/10/24) |
3,978 | 4,172,842 | ||||||
Novartis
Capital Corp. |
951 | 969,991 | ||||||
3.00%, 11/20/25 (Call 08/20/25)(a) |
3,707 | 3,957,260 | ||||||
Pfizer Inc., 0.80%, 05/28/25 (Call 04/28/25) |
889 | 879,248 | ||||||
Viatris Inc., 1.65%, 06/22/25 (Call 05/22/25)(b) |
1,215 | 1,218,560 | ||||||
Zoetis Inc., 4.50%, 11/13/25 (Call 08/13/25)(a) |
1,604 | 1,788,011 | ||||||
|
|
|||||||
74,036,843 | ||||||||
Pipelines — 3.8% | ||||||||
Cheniere Corpus Christi Holdings LLC, 5.88%, 03/31/25 (Call 10/02/24) |
3,548 | 3,973,228 | ||||||
Columbia Pipeline Group Inc., 4.50%, 06/01/25 (Call 03/01/25) |
2,597 | 2,859,842 |
Security |
Par (000) |
Value | ||||||
Pipelines (continued) |
||||||||
Enbridge Energy Partners LP, 5.88%, 10/15/25 (Call 07/15/25) |
$ | 1,035 | $ | 1,194,959 | ||||
Enbridge Inc., 2.50%, 01/15/25 (Call 12/15/24) |
1,220 | 1,262,310 | ||||||
Energy
Transfer LP |
1,604 | 1,675,522 | ||||||
4.05%, 03/15/25 (Call 12/15/24) |
2,684 | 2,875,342 | ||||||
5.95%, 12/01/25 (Call 09/01/25) |
1,249 | 1,434,689 | ||||||
Enterprise Products Operating LLC, 3.75%, 02/15/25 (Call 11/15/24) |
3,332 | 3,585,732 | ||||||
Kinder Morgan Inc., 4.30%, 06/01/25 (Call 03/01/25) |
4,154 | 4,541,277 | ||||||
MPLX
LP |
1,126 | 1,213,175 | ||||||
4.88%, 06/01/25 (Call 03/01/25) |
3,380 | 3,741,930 | ||||||
ONEOK Inc., 2.20%, 09/15/25 (Call 08/15/25) |
786 | 799,559 | ||||||
ONEOK Partners LP, 4.90%, 03/15/25 (Call 12/15/24) |
1,509 | 1,662,043 | ||||||
Phillips 66 Partners LP, 3.61%, 02/15/25 (Call 11/15/24) |
1,007 | 1,069,545 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 4.65%, 10/15/25 (Call 07/15/25) |
2,845 | 3,123,810 | ||||||
Sabine Pass Liquefaction LLC, 5.63%, 03/01/25 (Call 12/01/24) |
4,811 | 5,400,829 | ||||||
Spectra Energy Partners LP, 3.50%, 03/15/25 (Call 12/15/24) |
1,104 | 1,176,102 | ||||||
TC PipeLines LP, 4.38%, 03/13/25 (Call 12/13/24) |
1,327 | 1,440,658 | ||||||
Williams
Companies Inc. (The) |
2,162 | 2,319,285 | ||||||
4.00%, 09/15/25 (Call 06/15/25) |
1,933 | 2,100,707 | ||||||
|
|
|||||||
47,450,544 | ||||||||
Real Estate — 0.1% | ||||||||
Brookfield Asset Management Inc., 4.00%, 01/15/25 (Call 10/15/24) |
1,010 | 1,089,719 | ||||||
|
|
|||||||
Real Estate Investment Trusts — 4.4% | ||||||||
Alexandria Real Estate Equities Inc., 3.45%, 04/30/25 (Call 02/28/25)(a) |
1,976 | 2,123,429 | ||||||
American
Tower Corp. |
625 | 621,056 | ||||||
2.40%, 03/15/25 (Call 02/15/25) |
1,517 | 1,565,210 | ||||||
2.95%, 01/15/25 (Call 12/15/24) |
2,166 | 2,269,686 | ||||||
4.00%, 06/01/25 (Call 03/01/25) |
2,261 | 2,445,724 | ||||||
AvalonBay
Communities Inc. |
974 | 1,043,485 | ||||||
3.50%, 11/15/25 (Call 08/15/25)(a) |
826 | 889,833 | ||||||
Boston Properties LP, 3.20%, 01/15/25 (Call 10/15/24) |
2,258 | 2,380,113 | ||||||
Brixmor Operating Partnership LP, 3.85%, 02/01/25 (Call 11/01/24)(a) |
1,745 | 1,869,733 | ||||||
Columbia Property Trust Operating Partnership LP, 4.15%, 04/01/25 (Call 01/01/25) |
817 | 876,061 | ||||||
Corporate Office Properties LP, 5.00%, 07/01/25 (Call 04/01/25)(a) |
660 | 729,868 | ||||||
Crown Castle International Corp., 1.35%, 07/15/25 (Call 06/15/25) |
1,414 | 1,407,778 | ||||||
CubeSmart LP, 4.00%, 11/15/25 (Call 08/15/25) |
784 | 850,232 | ||||||
Digital Realty Trust LP, 4.75%, 10/01/25 (Call 07/01/25) |
1,208 | 1,350,520 | ||||||
EPR Properties, 4.50%, 04/01/25 (Call 01/01/25) |
700 | 749,861 | ||||||
Equinix
Inc. |
2,070 | 2,027,979 | ||||||
1.25%, 07/15/25 (Call 06/15/25) |
1,567 | 1,553,947 | ||||||
ERP Operating LP, 3.38%, 06/01/25 (Call 03/01/25)(a) |
964 | 1,027,711 | ||||||
Essex Portfolio LP, 3.50%, 04/01/25 (Call 01/01/25)(a) |
1,156 | 1,231,891 | ||||||
GLP Capital LP/GLP Financing II Inc., 5.25%, 06/01/25 (Call 03/01/25)(a) |
2,041 | 2,266,429 |
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, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) |
||||||||
Healthpeak
Properties Inc. |
$ | 91 | $ | 96,330 | ||||
4.00%, 06/01/25 (Call 03/01/25) |
827 | 897,130 | ||||||
Host
Hotels & Resorts LP, Series E, |
1,002 | 1,068,162 | ||||||
Kilroy Realty LP, 4.38%, 10/01/25 (Call 07/01/25) |
510 | 561,632 | ||||||
Kimco Realty Corp., 3.30%, 02/01/25 (Call 12/01/24) |
1,187 | 1,255,810 | ||||||
Mid-America Apartments LP, 4.00%, 11/15/25 (Call 08/15/25) |
688 | 749,810 | ||||||
National Retail Properties Inc., 4.00%, 11/15/25 (Call 08/15/25)(a) |
1,143 | 1,251,059 | ||||||
Office Properties Income Trust, 4.50%, 02/01/25 (Call 11/01/24) |
1,857 | 1,975,347 | ||||||
Omega Healthcare Investors Inc., 4.50%, 01/15/25 (Call 10/15/24) |
1,066 | 1,152,346 | ||||||
Realty Income Corp., 3.88%, 04/15/25 (Call 02/15/25) |
1,156 | 1,255,358 | ||||||
Retail Properties of America Inc., 4.00%, 03/15/25 (Call 12/15/24)(a) |
300 | 315,927 | ||||||
Simon Property Group LP, 3.50%, 09/01/25 (Call 06/01/25)(a) |
3,233 | 3,482,200 | ||||||
SITE Centers Corp., 3.63%, 02/01/25 (Call 11/01/24) |
1,250 | 1,313,938 | ||||||
Ventas
Realty LP |
1,485 | 1,542,187 | ||||||
3.50%, 02/01/25 (Call 11/01/24) |
1,055 | 1,120,336 | ||||||
VEREIT
Operating Partnership LP, |
1,458 | 1,625,889 | ||||||
Vornado Realty LP, 3.50%, 01/15/25 (Call 11/15/24)(a) |
1,058 | 1,116,878 | ||||||
Welltower Inc., 4.00%, 06/01/25 (Call 03/01/25) |
3,251 | 3,523,011 | ||||||
Weyerhaeuser Co., 8.50%, 01/15/25 |
67 | 81,778 | ||||||
WP Carey Inc., 4.00%, 02/01/25 (Call 11/01/24) |
1,043 | 1,122,904 | ||||||
|
|
|||||||
54,788,578 | ||||||||
Retail — 2.5% | ||||||||
AutoNation
Inc., 4.50%, 10/01/25 |
854 | 937,214 | ||||||
AutoZone
Inc. |
1,598 | 1,691,867 | ||||||
3.63%, 04/15/25 (Call 03/15/25)(a) |
1,404 | 1,507,952 | ||||||
Dollar General Corp., 4.15%, 11/01/25 (Call 08/01/25)(a) |
1,767 | 1,942,551 | ||||||
Dollar Tree Inc., 4.00%, 05/15/25 (Call 03/15/25) |
3,053 | 3,306,704 | ||||||
Home
Depot Inc. (The), 3.35%, 09/15/25 |
2,401 | 2,585,661 | ||||||
Lowe’s
Companies Inc. |
2,455 | 2,637,505 | ||||||
4.00%, 04/15/25 (Call 03/15/25) |
2,002 | 2,179,778 | ||||||
McDonald’s
Corp. |
373 | 375,178 | ||||||
3.30%, 07/01/25 (Call 06/01/25) |
2,300 | 2,455,825 | ||||||
3.38%, 05/26/25 (Call 02/26/25) |
2,242 | 2,396,743 | ||||||
Ross Stores Inc., 4.60%, 04/15/25 (Call 03/15/25) |
1,872 | 2,068,672 | ||||||
Starbucks Corp., 3.80%, 08/15/25 (Call 06/15/25) |
3,609 | 3,920,565 | ||||||
Target Corp., 2.25%, 04/15/25 (Call 03/15/25)(a) |
3,095 | 3,211,403 | ||||||
|
|
|||||||
31,217,618 | ||||||||
Semiconductors — 2.4% | ||||||||
Analog
Devices Inc., 2.95%, 04/01/25 |
1,238 | 1,308,393 | ||||||
Applied
Materials Inc., 3.90%, 10/01/25 |
2,308 | 2,526,521 | ||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.13%, 01/15/25 (Call 11/15/24) |
1,653 | 1,735,914 | ||||||
Broadcom
Inc. |
2,676 | 2,825,401 | ||||||
4.70%, 04/15/25 (Call 03/15/25) |
3,221 | 3,556,016 | ||||||
Intel
Corp. |
3,411 | 3,655,432 | ||||||
3.70%, 07/29/25 (Call 04/29/25) |
5,453 | 5,917,596 |
Security |
Par (000) |
Value | ||||||
Semiconductors (continued) |
||||||||
Lam Research Corp., 3.80%, 03/15/25 (Call 12/15/24) |
$ | 1,335 | $ | 1,440,372 | ||||
NXP
BV/NXP Funding LLC/NXP USA Inc., |
1,405 | 1,458,812 | ||||||
QUALCOMM
Inc., 3.45%, 05/20/25 |
4,082 | 4,382,435 | ||||||
Texas Instruments Inc., 1.38%, 03/12/25 (Call 02/12/25) |
1,933 | 1,949,856 | ||||||
|
|
|||||||
30,756,748 | ||||||||
Shipbuilding — 0.1% | ||||||||
Huntington Ingalls Industries Inc., 3.84%, 05/01/25 (Call 04/01/25)(a) |
829 | 891,291 | ||||||
|
|
|||||||
Software — 3.0% | ||||||||
Adobe
Inc. |
1,472 | 1,508,167 | ||||||
3.25%, 02/01/25 (Call 11/01/24)(a) |
3,091 | 3,287,959 | ||||||
Autodesk Inc., 4.38%, 06/15/25 (Call 03/15/25) |
1,233 | 1,352,391 | ||||||
Fiserv Inc., 3.85%, 06/01/25 (Call 03/01/25)(a) |
2,822 | 3,053,319 | ||||||
Intuit Inc., 0.95%, 07/15/25 (Call 06/15/25)(a) |
1,345 | 1,331,819 | ||||||
Microsoft
Corp. |
3,209 | 3,375,483 | ||||||
3.13%, 11/03/25 (Call 08/03/25) |
5,025 | 5,389,865 | ||||||
Oracle
Corp. |
3,322 | 3,445,678 | ||||||
2.95%, 05/15/25 (Call 02/15/25) |
9,450 | 9,923,823 | ||||||
Roper
Technologies Inc. |
1,574 | 1,549,745 | ||||||
3.85%, 12/15/25 (Call 09/15/25) |
1,201 | 1,306,400 | ||||||
VMware Inc., 4.50%, 05/15/25 (Call 04/15/25) |
2,207 | 2,433,637 | ||||||
|
|
|||||||
37,958,286 | ||||||||
Telecommunications — 2.9% | ||||||||
AT&T
Inc. |
5,056 | 5,401,882 | ||||||
3.60%, 07/15/25 (Call 04/15/25) |
485 | 521,627 | ||||||
3.95%, 01/15/25 (Call 10/15/24) |
2,521 | 2,724,369 | ||||||
Cisco Systems Inc., 3.50%, 06/15/25(a) |
1,695 | 1,838,634 | ||||||
Juniper Networks Inc., 1.20%, 12/10/25 (Call 11/10/25)(a) |
1,489 | 1,468,750 | ||||||
Rogers Communications Inc., 3.63%, 12/15/25 (Call 09/15/25) |
2,032 | 2,188,444 | ||||||
T-Mobile
USA Inc., 3.50%, 04/15/25 |
7,179 | 7,656,403 | ||||||
Verizon
Communications Inc. |
4,372 | 4,280,756 | ||||||
2.36%, 03/15/32 (Call 12/15/31)(b) |
3,057 | 3,010,534 | ||||||
3.38%, 02/15/25 |
2,818 | 3,010,047 | ||||||
Vodafone Group PLC, 4.13%, 05/30/25 |
4,364 | 4,782,246 | ||||||
|
|
|||||||
36,883,692 | ||||||||
Transportation — 1.4% | ||||||||
Burlington
Northern Santa Fe LLC |
896 | 948,622 | ||||||
3.65%, 09/01/25 (Call 06/01/25) |
1,431 | 1,554,681 | ||||||
7.00%, 12/15/25 |
227 | 277,390 | ||||||
Canadian Pacific Railway Co., 2.90%, 02/01/25 (Call 11/01/24) |
1,693 | 1,779,563 | ||||||
CSX Corp., 3.35%, 11/01/25 (Call 08/01/25) |
1,644 | 1,766,593 | ||||||
Norfolk
Southern Corp., 3.65%, 08/01/25 |
1,002 | 1,081,288 | ||||||
Ryder
System Inc. |
1,550 | 1,653,881 | ||||||
4.63%, 06/01/25 (Call 05/01/25) |
911 | 1,007,703 | ||||||
Union
Pacific Corp. |
1,014 | 1,075,854 | ||||||
3.25%, 08/15/25 (Call 05/15/25) |
1,372 | 1,467,148 | ||||||
3.75%, 07/15/25 (Call 05/15/25)(a) |
1,459 | 1,586,254 |
58 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par/ Shares (000) |
Value | ||||||
Transportation (continued) | ||||||||
United Parcel Service Inc., 3.90%, 04/01/25 (Call 03/01/25) |
$ | 3,307 | $ | 3,597,322 | ||||
|
|
|||||||
17,796,299 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX
Corp., 3.25%, 03/30/25 |
695 | 733,621 | ||||||
|
|
|||||||
Water — 0.1% | ||||||||
American Water Capital Corp., 3.40%, 03/01/25 (Call 12/01/24) |
1,447 | 1,548,333 | ||||||
|
|
|||||||
Total
Corporate Bonds & Notes — 98.7% |
1,239,581,653 | |||||||
|
|
|||||||
Short-Term Investments | ||||||||
Money Market Funds — 5.7% | ||||||||
BlackRock
Cash Funds: Institutional, |
60,569 | 60,598,916 | ||||||
BlackRock
Cash Funds: Treasury, |
11,130 | 11,130,000 | ||||||
|
|
|||||||
71,728,916 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 5.7% |
|
71,728,916 | ||||||
|
|
|||||||
Total
Investments in Securities — 104.4% |
|
1,311,310,569 | ||||||
Other Assets, Less Liabilities — (4.4)% |
|
(55,180,094 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
|
$ | 1,256,130,475 | |||||
|
|
(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, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
|
||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 10/31/21 |
Shares Held at 10/31/21 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 34,456,574 | $ | 26,151,053 | (a) | $ | — | $ | (7,832 | ) | $ | (879 | ) | $ | 60,598,916 | 60,569 | $ | 94,115 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
4,230,000 | 6,900,000 | (a) | — | — | — | 11,130,000 | 11,130 | 810 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (7,832 | ) | $ | (879 | ) | $ | 71,728,916 | $ | 94,925 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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.
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, 2021 |
iShares® iBonds® Dec 2025 Term Corporate ETF
|
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
|
||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
|
||||||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 1,239,581,653 | $ | — | $ | 1,239,581,653 | ||||||||
Money Market Funds |
71,728,916 | — | — | 71,728,916 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 71,728,916 | $ | 1,239,581,653 | $ | — | $ | 1,311,310,569 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
60 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2026 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., 3.60%, 04/15/26 (Call 01/15/26) |
$ | 3,171 | $ | 3,427,217 | ||||
|
|
|||||||
Aerospace & Defense — 2.4% | ||||||||
Boeing Co. (The) |
||||||||
2.20%, 02/04/26 (Call 02/04/23) |
5,505 | 5,518,377 | ||||||
2.25%, 06/15/26 (Call 03/15/26)(a) |
1,030 | 1,040,424 | ||||||
2.75%, 02/01/26 (Call 01/01/26) |
3,910 | 4,036,645 | ||||||
3.10%, 05/01/26 (Call 03/01/26)(a) |
1,001 | 1,047,306 | ||||||
General Dynamics Corp. |
||||||||
1.15%, 06/01/26 (Call 05/01/26)(a) |
630 | 628,331 | ||||||
2.13%, 08/15/26 (Call 05/15/26) |
830 | 857,747 | ||||||
L3Harris Technologies Inc., 3.85%, 12/15/26 (Call 09/15/26) |
1,305 | 1,432,446 | ||||||
Lockheed Martin Corp., 3.55%, 01/15/26 (Call 10/15/25) |
3,668 | 3,993,792 | ||||||
Raytheon Technologies Corp., 2.65%, 11/01/26 (Call 08/01/26) |
824 | 865,414 | ||||||
Teledyne Technologies Inc., 1.60%, 04/01/26 (Call 03/01/26) |
1,010 | 1,008,222 | ||||||
|
|
|||||||
20,428,704 | ||||||||
Agriculture — 1.7% | ||||||||
Altria Group Inc. |
||||||||
2.63%, 09/16/26 (Call 06/16/26)(a) |
1,311 | 1,361,683 | ||||||
4.40%, 02/14/26 (Call 12/14/25) |
1,740 | 1,930,252 | ||||||
Archer-Daniels-Midland Co., 2.50%, 08/11/26 (Call 05/11/26) |
2,046 | 2,153,497 | ||||||
BAT Capital Corp., 3.22%, 09/06/26 (Call 07/06/26) |
2,356 | 2,476,391 | ||||||
BAT International Finance PLC, 1.67%, 03/25/26 (Call 02/25/26) |
2,098 | 2,073,894 | ||||||
Bunge Ltd. Finance Corp., 3.25%, 08/15/26 (Call 05/15/26)(a) |
1,935 | 2,062,633 | ||||||
Philip Morris International Inc. |
||||||||
0.88%, 05/01/26 (Call 04/01/26) |
1,505 | 1,462,183 | ||||||
2.75%, 02/25/26 (Call 11/25/25) |
1,410 | 1,482,502 | ||||||
|
|
|||||||
15,003,035 | ||||||||
Airlines — 0.3% | ||||||||
Southwest Airlines Co., 3.00%, 11/15/26 (Call 08/15/26) |
1,361 | 1,435,433 | ||||||
United Airlines Pass Through Trust |
||||||||
Series 2014-1, Class A, 4.00%, 04/11/26 |
164 | 172,829 | ||||||
Series 2014-2, Class A, 3.75%, 03/03/28 |
547 | 572,520 | ||||||
Series 2020-1, Class B, 4.88%, 07/15/27 |
507 | 535,077 | ||||||
|
|
|||||||
2,715,859 | ||||||||
Apparel — 0.2% | ||||||||
NIKE Inc., 2.38%, 11/01/26 (Call 08/01/26)(a) |
2,012 | 2,111,634 | ||||||
|
|
|||||||
Auto Manufacturers — 1.4% | ||||||||
American Honda Finance Corp. |
||||||||
1.30%, 09/09/26(a) |
720 | 714,521 | ||||||
2.30%, 09/09/26(a) |
1,119 | 1,161,231 | ||||||
General Motors Financial Co. Inc. |
||||||||
1.25%, 01/08/26 (Call 12/08/25) |
1,495 | 1,464,457 | ||||||
1.50%, 06/10/26 (Call 05/10/26)(a) |
125 | 122,998 | ||||||
4.00%, 10/06/26 (Call 07/06/26)(a) |
2,087 | 2,274,893 | ||||||
5.25%, 03/01/26 (Call 12/01/25) |
1,790 | 2,025,421 | ||||||
PACCAR Financial Corp., 1.10%, 05/11/26 |
520 | 515,112 | ||||||
Toyota Motor Corp., 1.34%, 03/25/26 (Call 02/25/26) |
1,529 | 1,525,590 | ||||||
Toyota Motor Credit Corp. |
||||||||
0.80%, 01/09/26 |
1,079 | 1,054,107 | ||||||
1.13%, 06/18/26(a) |
780 | 769,088 | ||||||
|
|
|||||||
11,627,418 | ||||||||
Auto Parts & Equipment — 0.1% | ||||||||
Aptiv PLC, 4.25%, 01/15/26 (Call 10/15/25) |
475 | 525,269 | ||||||
|
|
Security | Par (000) |
Value | ||||||
Banks — 24.1% | ||||||||
Banco Santander SA, 1.85%, 03/25/26 |
$ | 667 | $ | 667,954 | ||||
Bank of America Corp. |
||||||||
3.50%, 04/19/26(a) |
4,357 | 4,703,425 | ||||||
4.25%, 10/22/26 |
4,066 | 4,499,842 | ||||||
4.45%, 03/03/26 |
3,654 | 4,048,961 | ||||||
6.22%, 09/15/26 |
150 | 179,679 | ||||||
Bank of Montreal, 1.25%, 09/15/26(a) |
2,365 | 2,320,491 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
0.75%, 01/28/26 (Call 12/28/25) |
319 | 312,301 | ||||||
1.05%, 10/15/26 (Call 09/15/26) |
702 | 687,799 | ||||||
2.45%, 08/17/26 (Call 05/17/26) |
2,070 | 2,162,053 | ||||||
2.80%, 05/04/26 (Call 02/04/26) |
1,650 | 1,746,162 | ||||||
Bank of Nova Scotia (The) |
||||||||
1.05%, 03/02/26 |
850 | 832,422 | ||||||
1.30%, 09/15/26 (Call 06/15/26) |
1,715 | 1,685,965 | ||||||
1.35%, 06/24/26(a) |
435 | 431,468 | ||||||
2.70%, 08/03/26 |
2,612 | 2,742,574 | ||||||
Barclays PLC |
||||||||
4.38%, 01/12/26 |
4,153 | 4,573,533 | ||||||
5.20%, 05/12/26 |
3,322 | 3,760,836 | ||||||
BPCE SA, 3.38%, 12/02/26 |
1,194 | 1,289,269 | ||||||
Canadian Imperial Bank of Commerce, 1.25%, 06/22/26 |
1,470 | 1,441,276 | ||||||
Citigroup Inc. |
||||||||
3.20%, 10/21/26 (Call 07/21/26) |
5,012 | 5,328,558 | ||||||
3.40%, 05/01/26 |
2,809 | 3,025,237 | ||||||
3.70%, 01/12/26 |
1,381 | 1,498,109 | ||||||
4.30%, 11/20/26 |
1,977 | 2,193,185 | ||||||
4.60%, 03/09/26(a) |
2,523 | 2,813,776 | ||||||
Citizens Bank N.A./Providence RI, 3.75%, 02/18/26 (Call 11/18/25)(a) |
1,162 | 1,268,242 | ||||||
Citizens Financial Group Inc., 2.85%, 07/27/26 (Call 04/27/26) |
1,262 | 1,328,583 | ||||||
Cooperatieve Rabobank U.A., 3.75%, 07/21/26 |
3,225 | 3,505,575 | ||||||
Credit Suisse AG/New York NY, 1.25%, 08/07/26 |
2,500 | 2,441,325 | ||||||
Credit Suisse Group AG, 4.55%, 04/17/26 |
3,406 | 3,785,292 | ||||||
Deutsche Bank AG, 4.10%, 01/13/26 |
667 | 721,274 | ||||||
Deutsche Bank AG/New York NY |
||||||||
1.69%, 03/19/26(a) |
1,380 | 1,375,142 | ||||||
4.10%, 01/13/26 |
365 | 394,226 | ||||||
Discover Bank |
||||||||
3.45%, 07/27/26 (Call 04/27/26) |
1,824 | 1,956,331 | ||||||
4.25%, 03/13/26 |
690 | 761,222 | ||||||
Fifth Third Bank NA, 3.85%, 03/15/26 (Call 02/15/26) |
1,863 | 2,031,266 | ||||||
Goldman Sachs Group Inc. (The) |
||||||||
3.50%, 11/16/26 (Call 11/16/25) |
5,441 | 5,828,617 | ||||||
3.75%, 02/25/26 (Call 11/25/25) |
3,061 | 3,316,440 | ||||||
HSBC Holdings PLC |
||||||||
3.90%, 05/25/26 |
3,815 | 4,143,319 | ||||||
4.30%, 03/08/26 |
4,023 | 4,427,191 | ||||||
4.38%, 11/23/26 |
2,816 | 3,097,065 | ||||||
JPMorgan Chase & Co. |
||||||||
2.95%, 10/01/26 (Call 07/01/26)(a) |
4,472 | 4,731,242 | ||||||
3.20%, 06/15/26 (Call 03/15/26)(a) |
2,599 | 2,773,731 | ||||||
3.30%, 04/01/26 (Call 01/01/26)(a) |
3,305 | 3,533,541 | ||||||
4.13%, 12/15/26 |
3,775 | 4,183,077 | ||||||
7.63%, 10/15/26 |
1,312 | 1,671,790 | ||||||
KeyBank N.A./Cleveland OH, 3.40%, 05/20/26 |
1,605 | 1,725,247 | ||||||
Lloyds Banking Group PLC, 4.65%, 03/24/26 |
3,379 | 3,759,002 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
2.76%, 09/13/26 |
2,063 | 2,157,547 |
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, 2021 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Banks (continued) | ||||||||
3.85%, 03/01/26 |
$ | 3,930 | $ | 4,292,896 | ||||
Mizuho Financial Group Inc., 2.84%, 09/13/26 |
2,237 | 2,354,577 | ||||||
Morgan Stanley |
||||||||
3.13%, 07/27/26 |
4,787 | 5,084,656 | ||||||
3.88%, 01/27/26 |
5,510 | 6,014,440 | ||||||
4.35%, 09/08/26 |
3,685 | 4,093,593 | ||||||
6.25%, 08/09/26 |
1,548 | 1,861,485 | ||||||
National Australia Bank Ltd./New York |
||||||||
2.50%, 07/12/26(a) |
2,083 | 2,183,005 | ||||||
3.38%, 01/14/26(a) |
1,999 | 2,164,777 | ||||||
Natwest Group PLC, 4.80%, 04/05/26 |
2,846 | 3,194,094 | ||||||
PNC Financial Services Group Inc. (The) |
||||||||
1.15%, 08/13/26 (Call 07/13/26)(a) |
1,216 | 1,204,752 | ||||||
2.60%, 07/23/26 (Call 05/23/26)(a) |
2,421 | 2,544,035 | ||||||
Royal Bank of Canada |
||||||||
0.88%, 01/20/26 |
95 | 92,692 | ||||||
1.15%, 07/14/26 |
500 | 491,260 | ||||||
1.20%, 04/27/26 |
2,425 | 2,390,007 | ||||||
1.40%, 11/02/26 |
700 | 691,600 | ||||||
4.65%, 01/27/26 |
1,884 | 2,111,342 | ||||||
Santander Holdings USA Inc., 3.24%, 10/05/26 (Call 08/05/26) |
1,955 | 2,060,394 | ||||||
State Street Corp., 2.65%, 05/19/26 |
1,946 | 2,059,335 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
0.95%, 01/12/26 |
654 | 637,074 | ||||||
1.40%, 09/17/26(a) |
2,312 | 2,267,679 | ||||||
2.63%, 07/14/26 |
3,640 | 3,780,031 | ||||||
3.01%, 10/19/26(a) |
1,732 | 1,834,898 | ||||||
3.78%, 03/09/26 |
2,523 | 2,747,269 | ||||||
Toronto-Dominion Bank (The) |
||||||||
0.75%, 01/06/26(a) |
407 | 396,564 | ||||||
1.20%, 06/03/26 |
510 | 503,467 | ||||||
1.25%, 09/10/26 |
2,355 | 2,311,480 | ||||||
Truist Bank |
||||||||
3.30%, 05/15/26 (Call 04/15/26) |
1,999 | 2,151,404 | ||||||
3.80%, 10/30/26 (Call 09/30/26) |
1,473 | 1,617,487 | ||||||
U.S. Bancorp |
||||||||
3.10%, 04/27/26 (Call 03/27/26) |
2,054 | 2,190,611 | ||||||
Series V, 2.38%, 07/22/26 (Call 06/22/26) |
3,035 | 3,170,422 | ||||||
Wachovia Corp., 7.57%, 08/01/26(b) |
670 | 839,336 | ||||||
Wells Fargo & Co. |
||||||||
3.00%, 04/22/26(a) |
4,903 | 5,188,698 | ||||||
3.00%, 10/23/26 |
5,497 | 5,804,722 | ||||||
4.10%, 06/03/26 |
3,721 | 4,080,039 | ||||||
Westpac Banking Corp. |
||||||||
1.15%, 06/03/26 |
245 | 242,060 | ||||||
2.70%, 08/19/26 |
1,972 | 2,084,976 | ||||||
2.85%, 05/13/26(a) |
2,830 | 3,005,913 | ||||||
|
|
|||||||
207,604,232 | ||||||||
Beverages — 2.0% | ||||||||
Anheuser-Busch Companies LLC/Anheuser-Busch InBev Worldwide Inc., 3.65%, 02/01/26 (Call 11/01/25)(a) |
4,932 | 5,360,443 | ||||||
Anheuser-Busch InBev Finance Inc., 3.65%, 02/01/26 (Call 11/01/25) |
2,419 | 2,620,914 | ||||||
Constellation Brands Inc., 3.70%, 12/06/26 (Call 09/06/26) |
1,319 | 1,442,960 | ||||||
Keurig Dr Pepper Inc., 2.55%, 09/15/26 (Call 06/15/26) |
917 | 955,486 | ||||||
Molson Coors Beverage Co., 3.00%, 07/15/26 (Call 04/15/26)(a) |
3,016 | 3,195,995 |
Security | Par (000) |
Value | ||||||
Beverages (continued) | ||||||||
PepsiCo Inc. |
||||||||
2.38%, 10/06/26 (Call 07/06/26)(a) |
$ | 1,585 | $ | 1,661,492 | ||||
2.85%, 02/24/26 (Call 11/24/25)(a) |
1,801 | 1,915,543 | ||||||
|
|
|||||||
17,152,833 | ||||||||
Biotechnology — 0.9% | ||||||||
Amgen Inc., 2.60%, 08/19/26 (Call 05/19/26)(a) |
2,640 | 2,757,216 | ||||||
Gilead Sciences Inc., 3.65%, 03/01/26 (Call 12/01/25) |
4,771 | 5,169,379 | ||||||
|
|
|||||||
7,926,595 | ||||||||
Building Materials — 0.3% | ||||||||
Johnson Controls International PLC, 3.90%, 02/14/26 (Call 11/14/25) |
1,024 | 1,117,010 | ||||||
Owens Corning, 3.40%, 08/15/26 (Call 05/15/26)(a) |
1,062 | 1,134,619 | ||||||
|
|
|||||||
2,251,629 | ||||||||
Chemicals — 1.2% | ||||||||
Celanese U.S. Holdings LLC, 1.40%, 08/05/26 (Call 07/05/26) |
102 | 100,207 | ||||||
Dow Chemical Co. (The), 3.63%, 05/15/26 (Call 03/15/26) |
1,705 | 1,847,896 | ||||||
Ecolab Inc., 2.70%, 11/01/26 (Call 08/01/26)(a) |
997 | 1,052,752 | ||||||
FMC Corp., 3.20%, 10/01/26 (Call 08/01/26) |
1,577 | 1,674,191 | ||||||
Linde Inc./CT, 3.20%, 01/30/26 (Call 10/30/25) |
1,301 | 1,396,584 | ||||||
Nutrien Ltd., 4.00%, 12/15/26 (Call 09/15/26) |
1,246 | 1,378,749 | ||||||
PPG Industries Inc., 1.20%, 03/15/26 (Call 02/15/26) |
425 | 417,639 | ||||||
Sherwin-Williams Co. (The), 3.95%, 01/15/26 (Call 10/15/25) |
510 | 558,664 | ||||||
Westlake Chemical Corp., 3.60%, 08/15/26 (Call 05/15/26) |
1,448 | 1,582,490 | ||||||
|
|
|||||||
10,009,172 | ||||||||
Commercial Services — 0.9% | ||||||||
Global Payments Inc. |
||||||||
1.20%, 03/01/26 (Call 02/01/26) |
2,790 | 2,724,686 | ||||||
4.80%, 04/01/26 (Call 01/01/26) |
1,439 | 1,610,299 | ||||||
GXO
Logistics Inc., 1.65%, 07/15/26 |
138 | 135,615 | ||||||
PayPal
Holdings Inc., 2.65%, 10/01/26 |
2,939 | 3,102,526 | ||||||
|
|
|||||||
7,573,126 | ||||||||
Computers — 4.3% | ||||||||
Apple Inc. |
||||||||
0.70%, 02/08/26 (Call 01/08/26)(a) |
1,933 | 1,892,910 | ||||||
2.05%, 09/11/26 (Call 07/11/26) |
3,387 | 3,488,474 | ||||||
2.45%, 08/04/26 (Call 05/04/26) |
3,077 | 3,225,711 | ||||||
3.25%, 02/23/26 (Call 11/23/25) |
4,259 | 4,588,263 | ||||||
CGI Inc., 1.45%, 09/14/26 (Call 08/14/26)(c) |
155 | 151,729 | ||||||
Dell International LLC/EMC Corp. |
||||||||
4.90%, 10/01/26 (Call 08/01/26)(a) |
2,963 | 3,378,235 | ||||||
6.02%, 06/15/26 (Call 03/15/26) |
7,669 | 9,032,702 | ||||||
DXC Technology Co., 1.80%, 09/15/26 (Call 08/15/26) |
95 | 93,608 | ||||||
Fortinet Inc., 1.00%, 03/15/26 (Call 02/15/26) |
225 | 219,301 | ||||||
Genpact Luxembourg SARL/Genpact USA Inc., 1.75%, 04/10/26 (Call 03/10/26) |
170 | 169,871 | ||||||
Hewlett Packard Enterprise Co., 1.75%, 04/01/26 (Call 03/01/26)(a) |
1,429 | 1,437,188 | ||||||
HP Inc., 1.45%, 06/17/26 (Call 05/17/26)(c) |
215 | 212,074 | ||||||
International Business Machines Corp. |
||||||||
3.30%, 05/15/26 |
5,400 | 5,825,952 | ||||||
3.45%, 02/19/26(a) |
2,315 | 2,504,946 | ||||||
Kyndryl
Holdings Inc., 2.05%, 10/15/26 |
500 | 494,835 | ||||||
|
|
|||||||
36,715,799 | ||||||||
Cosmetics & Personal Care — 0.6% | ||||||||
Procter & Gamble Co. (The) |
||||||||
1.00%, 04/23/26 |
539 | 534,284 | ||||||
2.45%, 11/03/26 |
1,598 | 1,685,123 | ||||||
2.70%, 02/02/26(a) |
920 | 976,350 |
62 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Cosmetics & Personal Care (continued) | ||||||||
Unilever Capital Corp., 2.00%, 07/28/26 |
$ | 1,481 | $ | 1,525,104 | ||||
|
|
|||||||
4,720,861 | ||||||||
Diversified Financial Services — 3.9% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
1.75%, 01/30/26 (Call 12/30/25)(a) |
1,868 | 1,840,130 | ||||||
2.45%, 10/29/26 (Call 09/29/26) |
2,660 | 2,685,935 | ||||||
4.45%, 04/03/26 (Call 02/03/26) |
890 | 970,376 | ||||||
Air Lease Corp. |
||||||||
1.88%, 08/15/26 (Call 07/15/26) |
670 | 662,804 | ||||||
2.88%, 01/15/26 (Call 12/15/25) |
2,037 | 2,103,467 | ||||||
3.75%, 06/01/26 (Call 04/01/26) |
2,087 | 2,233,549 | ||||||
Aircastle Ltd., 4.25%, 06/15/26 (Call 04/15/26) |
1,271 | 1,377,701 | ||||||
American Express Co., 3.13%, 05/20/26 (Call 04/20/26)(a) |
2,142 | 2,297,295 | ||||||
Ameriprise Financial Inc., 2.88%, 09/15/26 (Call 06/15/26) |
1,115 | 1,181,030 | ||||||
Blackstone Private Credit Fund, 2.63%, 12/15/26 (Call 11/15/26)(c) |
1,485 | 1,456,651 | ||||||
Brookfield Finance Inc., 4.25%, 06/02/26 (Call 03/02/26)(a) |
1,130 | 1,251,972 | ||||||
Capital One Financial Corp., 3.75%, 07/28/26 (Call 06/28/26)(a) |
2,907 | 3,142,438 | ||||||
Charles Schwab Corp. (The) |
||||||||
0.90%, 03/11/26 (Call 02/11/26) |
1,854 | 1,819,256 | ||||||
1.15%, 05/13/26 (Call 04/13/26)(a) |
1,015 | 1,005,256 | ||||||
3.45%, 02/13/26 (Call 11/13/25) |
595 | 644,992 | ||||||
Discover Financial Services, 4.50%, 01/30/26 (Call 11/30/25) |
1,181 | 1,308,383 | ||||||
Invesco Finance PLC, 3.75%, 01/15/26(a) |
657 | 714,238 | ||||||
Legg Mason Inc., 4.75%, 03/15/26 |
925 | 1,048,515 | ||||||
Mastercard Inc., 2.95%, 11/21/26 (Call 08/21/26)(a) |
1,629 | 1,745,180 | ||||||
Nasdaq Inc., 3.85%, 06/30/26 (Call 03/30/26) |
1,327 | 1,457,895 | ||||||
Nomura Holdings Inc., 1.65%, 07/14/26 |
700 | 689,080 | ||||||
Synchrony Financial, 3.70%, 08/04/26 (Call 05/04/26) |
1,351 | 1,447,570 | ||||||
Western Union Co. (The), 1.35%, 03/15/26 (Call 02/15/26)(a) |
485 | 474,912 | ||||||
|
|
|||||||
33,558,625 | ||||||||
Electric — 5.3% | ||||||||
AEP Transmission Co. LLC, 3.10%, 12/01/26 (Call 09/01/26) |
555 | 594,361 | ||||||
AES Corp. (The), 1.38%, 01/15/26 (Call 12/15/25) |
655 | 642,228 | ||||||
Ameren Corp., 3.65%, 02/15/26 (Call 11/15/25) |
531 | 572,131 | ||||||
Baltimore
Gas & Electric Co., 2.40%, 08/15/26 |
271 | 280,965 | ||||||
Black
Hills Corp., 3.95%, 01/15/26 |
235 | 254,192 | ||||||
CenterPoint Energy Houston Electric LLC, Series Z, 2.40%, 09/01/26 (Call 06/01/26) |
131 | 136,260 | ||||||
CenterPoint Energy Inc., 1.45%, 06/01/26 (Call 05/01/26) |
270 | 267,187 | ||||||
Cleco Corporate Holdings LLC, 3.74%, 05/01/26 (Call 02/01/26)(a) |
872 | 941,873 | ||||||
CMS Energy Corp., 3.00%, 05/15/26 (Call 02/15/26) |
776 | 821,365 | ||||||
Commonwealth Edison Co., 2.55%, 06/15/26 (Call 03/15/26) |
1,165 | 1,221,922 | ||||||
Dominion Energy Inc. |
||||||||
Series A, 1.45%, 04/15/26 (Call 03/15/26) |
325 | 322,572 | ||||||
Series D, 2.85%, 08/15/26 (Call 05/15/26) |
688 | 724,402 | ||||||
DTE Energy Co., 2.85%, 10/01/26 (Call 07/01/26) |
1,316 | 1,381,418 | ||||||
Duke
Energy Carolinas LLC, 2.95%, 12/01/26 |
1,129 | 1,205,072 | ||||||
Duke
Energy Corp., 2.65%, 09/01/26 |
2,716 | 2,837,161 | ||||||
Emera U.S. Finance LP, 3.55%, 06/15/26 (Call 03/15/26) |
1,721 | 1,846,633 | ||||||
Enel
Americas SA, 4.00%, 10/25/26 |
895 | 955,663 | ||||||
Entergy Arkansas LLC, 3.50%, 04/01/26 (Call 01/01/26)(a) |
853 | 923,901 | ||||||
Entergy Corp., 2.95%, 09/01/26 (Call 06/01/26)(a) |
1,723 | 1,816,576 | ||||||
Entergy Louisiana LLC, 2.40%, 10/01/26 (Call 07/01/26) |
805 | 829,713 | ||||||
Evergy Kansas Central Inc., 2.55%, 07/01/26 (Call 04/01/26) |
265 | 276,313 | ||||||
Eversource Energy, Series U, 1.40%, 08/15/26 (Call 07/15/26) |
655 | 646,767 |
Security | Par (000) |
Value | ||||||
Electric (continued) | ||||||||
Exelon Corp., 3.40%, 04/15/26 (Call 01/15/26) |
$ | 1,807 | $ | 1,936,146 | ||||
Fortis Inc./Canada, 3.06%, 10/04/26 (Call 07/04/26) |
2,294 | 2,414,733 | ||||||
Georgia
Power Co., 3.25%, 04/01/26 |
452 | 482,759 | ||||||
ITC Holdings Corp., 3.25%, 06/30/26 (Call 03/30/26) |
915 | 977,083 | ||||||
National Rural Utilities Cooperative Finance Corp., 1.00%, 06/15/26 (Call 05/15/26) |
460 | 452,203 | ||||||
NextEra Energy Capital Holdings Inc., 3.25%, 04/01/26 (Call 02/01/26) |
938 | 1,001,193 | ||||||
Pacific Gas and Electric Co. |
||||||||
2.95%, 03/01/26 (Call 12/01/25) |
806 | 824,441 | ||||||
3.15%, 01/01/26 |
3,266 | 3,362,935 | ||||||
PPL Capital Funding Inc., 3.10%, 05/15/26 (Call 02/15/26)(a) |
1,853 | 1,956,657 | ||||||
Public Service Electric & Gas Co., 2.25%, 09/15/26 (Call 06/15/26) |
898 | 928,792 | ||||||
Public Service Electric and Gas Co., 0.95%, 03/15/26 (Call 02/15/26)(a) |
814 | 803,304 | ||||||
San Diego Gas & Electric Co., 2.50%, 05/15/26 (Call 02/15/26)(a) |
1,130 | 1,178,127 | ||||||
Sierra Pacific Power Co., 2.60%, 05/01/26 (Call 02/01/26) |
1,341 | 1,401,881 | ||||||
Southern California Edison Co., Series 2020-C, 1.20%, 02/01/26 (Call 01/01/26) |
676 | 666,090 | ||||||
Southern
Co. (The), 3.25%, 07/01/26 |
2,622 | 2,796,415 | ||||||
Southern Power Co., 0.90%, 01/15/26 (Call 12/15/25) |
293 | 285,133 | ||||||
Southwestern Electric Power Co. |
||||||||
Series K, 2.75%, 10/01/26 (Call 07/01/26) |
902 | 942,707 | ||||||
Series N, 1.65%, 03/15/26 (Call 02/15/26) |
970 | 970,427 | ||||||
Virginia Electric & Power Co. |
||||||||
Series A, 3.15%, 01/15/26 (Call 10/15/25) |
435 | 464,067 | ||||||
Series B, 2.95%, 11/15/26 (Call 08/15/26)(a) |
1,245 | 1,322,875 | ||||||
Xcel Energy Inc., 3.35%, 12/01/26 (Call 06/01/26) |
1,010 | 1,083,124 | ||||||
|
|
|||||||
45,749,767 | ||||||||
Electrical Components & Equipment — 0.2% | ||||||||
Emerson
Electric Co., 0.88%, 10/15/26 |
1,348 | 1,309,218 | ||||||
|
|
|||||||
Electronics — 1.2% | ||||||||
Agilent Technologies Inc., 3.05%, 09/22/26 (Call 06/22/26) |
607 | 645,302 | ||||||
Avnet Inc., 4.63%, 04/15/26 (Call 01/15/26)(a) |
1,078 | 1,190,090 | ||||||
Flex Ltd., 3.75%, 02/01/26 (Call 01/01/26) |
885 | 949,269 | ||||||
Fortive Corp., 3.15%, 06/15/26 (Call 03/15/26) |
1,852 | 1,975,454 | ||||||
Honeywell International Inc., 2.50%, 11/01/26 (Call 08/01/26)(a) |
2,593 | 2,728,614 | ||||||
Hubbell Inc., 3.35%, 03/01/26 (Call 12/01/25)(a) |
690 | 736,472 | ||||||
Jabil Inc., 1.70%, 04/15/26 (Call 03/15/26) |
970 | 964,151 | ||||||
SYNNEX Corp., 1.75%, 08/09/26 (Call 07/09/26)(c) |
105 | 102,933 | ||||||
Tyco Electronics Group SA, 3.70%, 02/15/26 (Call 11/15/25) |
25 | 27,052 | ||||||
Vontier Corp., 1.80%, 04/01/26 (Call 03/01/26)(a)(c) |
1,070 | 1,056,079 | ||||||
|
|
|||||||
10,375,416 | ||||||||
Environmental Control — 0.2% | ||||||||
Republic Services Inc., 2.90%, 07/01/26 (Call 04/01/26) |
1,509 | 1,591,995 | ||||||
|
|
|||||||
Food — 1.5% | ||||||||
Bestfoods, Series E, 7.25%, 12/15/26 |
45 | 57,752 | ||||||
Flowers
Foods Inc., 3.50%, 10/01/26 |
355 | 382,669 | ||||||
Hershey
Co. (The), 2.30%, 08/15/26 |
726 | 755,897 | ||||||
Ingredion Inc., 3.20%, 10/01/26 (Call 07/01/26)(a) |
1,323 | 1,413,612 | ||||||
Kellogg Co., 3.25%, 04/01/26 |
1,582 | 1,696,695 | ||||||
Kroger Co. (The) |
||||||||
2.65%, 10/15/26 (Call 07/15/26) |
1,520 | 1,591,668 | ||||||
3.50%, 02/01/26 (Call 11/01/25)(a) |
1,511 | 1,639,465 | ||||||
McCormick & Co. Inc./MD, 0.90%, 02/15/26 (Call 01/15/26) |
483 | 469,563 | ||||||
Mondelez International Inc., 3.63%, 02/13/26 (Call 12/13/25)(a) |
1,370 | 1,485,971 |
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, 2021 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Food (continued) | ||||||||
Sysco Corp., 3.30%, 07/15/26 (Call 04/15/26) |
$ | 2,246 | $ | 2,405,174 | ||||
Tyson Foods Inc., 4.00%, 03/01/26 (Call 01/01/26) |
1,263 | 1,386,660 | ||||||
|
|
|||||||
13,285,126 | ||||||||
Gas — 0.4% | ||||||||
National Fuel Gas Co., 5.50%, 01/15/26 (Call 12/15/25) |
1,372 | 1,565,767 | ||||||
Southern California Gas Co., Series TT, 2.60%, 06/15/26 (Call 03/15/26) |
1,070 | 1,120,055 | ||||||
Southern Co. Gas Capital Corp., 3.25%, 06/15/26 (Call 03/15/26)(a) |
685 | 730,155 | ||||||
|
|
|||||||
3,415,977 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Stanley Black & Decker Inc., 3.40%, 03/01/26 (Call 01/01/26) |
1,100 | 1,189,650 | ||||||
|
|
|||||||
Health Care - Products — 1.4% | ||||||||
Abbott
Laboratories, 3.75%, 11/30/26 |
2,945 | 3,259,349 | ||||||
Baxter International Inc., 2.60%, 08/15/26 (Call 05/15/26)(a) |
1,120 | 1,170,490 | ||||||
Boston Scientific Corp., 3.75%, 03/01/26 (Call 01/01/26) |
1,461 | 1,587,552 | ||||||
Stryker Corp., 3.50%, 03/15/26 (Call 12/15/25) |
2,245 | 2,424,824 | ||||||
Thermo Fisher Scientific Inc., 2.95%, 09/19/26 (Call 06/19/26) |
2,021 | 2,148,727 | ||||||
Zimmer Biomet Holdings Inc., 3.05%, 01/15/26 (Call 12/15/25) |
1,571 | 1,659,856 | ||||||
|
|
|||||||
12,250,798 | ||||||||
Health Care - Services — 1.1% | ||||||||
Anthem Inc., 1.50%, 03/15/26 (Call 02/15/26) |
1,205 | 1,204,265 | ||||||
HCA Inc., 5.25%, 06/15/26 (Call 12/15/25) |
2,632 | 2,986,004 | ||||||
Providence St Joseph Health Obligated Group, Series H, 2.75%, 10/01/26 (Call 07/01/26) |
195 | 205,068 | ||||||
Quest Diagnostics Inc., 3.45%, 06/01/26 (Call 03/01/26)(a) |
1,518 | 1,636,602 | ||||||
UnitedHealth Group Inc. |
||||||||
1.15%, 05/15/26 (Call 04/15/26)(a) |
250 | 247,630 | ||||||
1.25%, 01/15/26(a) |
827 | 825,222 | ||||||
3.10%, 03/15/26 |
1,280 | 1,374,067 | ||||||
Universal Health Services Inc., 1.65%, 09/01/26 (Call 08/01/26)(c) |
675 | 664,004 | ||||||
|
|
|||||||
9,142,862 | ||||||||
Holding Companies - Diversified — 1.9% | ||||||||
Ares Capital Corp. |
||||||||
2.15%, 07/15/26 (Call 06/15/26) |
1,729 | 1,712,367 | ||||||
3.88%, 01/15/26 (Call 12/15/25) |
2,160 | 2,291,523 | ||||||
Bain Capital Specialty Finance Inc., 2.95%, 03/10/26 (Call 02/10/26)(a) |
200 | 201,856 | ||||||
Blackstone Secured Lending Fund |
||||||||
2.75%, 09/16/26 (Call 08/19/26) |
1,100 | 1,110,098 | ||||||
3.63%, 01/15/26 (Call 12/15/25)(a) |
1,087 | 1,137,893 | ||||||
FS KKR Capital Corp., 3.40%, 01/15/26 (Call 12/15/25) |
1,963 | 2,017,944 | ||||||
Goldman Sachs BDC Inc., 2.88%, 01/15/26 (Call 12/15/25) |
753 | 769,566 | ||||||
Golub Capital BDC Inc., 2.50%, 08/24/26 (Call 07/24/26) |
935 | 928,689 | ||||||
Main Street Capital Corp., 3.00%, 07/14/26 (Call 06/14/26)(a) |
1,355 | 1,368,564 | ||||||
Owl Rock Capital Corp. |
||||||||
3.40%, 07/15/26 (Call 06/15/26) |
1,880 | 1,932,452 | ||||||
4.25%, 01/15/26 (Call 12/15/25) |
892 | 947,045 | ||||||
Prospect Capital Corp. |
||||||||
3.36%, 11/15/26 (Call 10/15/26) |
465 | 464,563 | ||||||
3.71%, 01/22/26 (Call 12/22/25) |
683 | 694,256 | ||||||
Sixth Street Specialty Lending Inc., 2.50%, 08/01/26 (Call 07/01/26)(a) |
951 | 955,108 | ||||||
|
|
|||||||
16,531,924 | ||||||||
Home Builders — 0.3% | ||||||||
DR Horton Inc., 1.30%, 10/15/26 (Call 09/15/26) |
210 | 205,500 |
Security | Par (000) |
Value | ||||||
Home Builders (continued) | ||||||||
Lennar Corp., 5.25%, 06/01/26 (Call 12/01/25) |
$ | 1,018 | $ | 1,157,670 | ||||
PulteGroup Inc., 5.50%, 03/01/26 (Call 12/01/25) |
1,150 | 1,321,752 | ||||||
|
|
|||||||
2,684,922 | ||||||||
Household Products & Wares — 0.2% | ||||||||
Kimberly-Clark Corp., 2.75%, 02/15/26 |
1,253 | 1,333,518 | ||||||
|
|
|||||||
Insurance — 3.4% | ||||||||
Aflac Inc. |
||||||||
1.13%, 03/15/26 (Call 02/15/26) |
767 | 759,514 | ||||||
2.88%, 10/15/26 (Call 07/15/26) |
982 | 1,048,138 | ||||||
Allstate Corp. (The), 3.28%, 12/15/26 (Call 09/15/26) |
1,078 | 1,166,137 | ||||||
American Financial Group Inc./OH, 3.50%, 08/15/26 (Call 05/15/26) |
936 | 1,008,727 | ||||||
American International Group Inc., 3.90%, 04/01/26 (Call 01/01/26) |
2,808 | 3,082,426 | ||||||
Arch Capital Finance LLC, 4.01%, 12/15/26 (Call 09/15/26)(a) |
880 | 978,877 | ||||||
Berkshire Hathaway Inc., 3.13%, 03/15/26 (Call 12/15/25)(a) |
4,906 | 5,280,279 | ||||||
Chubb INA Holdings Inc., 3.35%, 05/03/26 (Call 02/03/26)(a) |
535 | 578,447 | ||||||
CNA Financial Corp., 4.50%, 03/01/26 (Call 12/01/25) |
1,022 | 1,139,203 | ||||||
Hanover Insurance Group Inc. (The), 4.50%, 04/15/26 (Call 01/15/26) |
721 | 800,505 | ||||||
Lincoln National Corp., 3.63%, 12/12/26 (Call 09/15/26) |
765 | 831,478 | ||||||
Loews Corp., 3.75%, 04/01/26 (Call 01/01/26) |
1,588 | 1,735,192 | ||||||
Manulife Financial Corp., 4.15%, 03/04/26 |
1,850 | 2,049,097 | ||||||
Marsh & McLennan Companies Inc., 3.75%, 03/14/26 (Call 12/14/25) |
1,435 | 1,564,466 | ||||||
Munich Re America Corp., Series B, 7.45%, 12/15/26(a) |
30 | 38,203 | ||||||
Old Republic International Corp., 3.88%, 08/26/26 (Call 07/26/26)(a) |
887 | 970,999 | ||||||
Principal Financial Group Inc., 3.10%, 11/15/26 (Call 08/15/26) |
808 | 859,680 | ||||||
Prudential Financial Inc., 1.50%, 03/10/26 (Call 02/10/26) |
1,657 | 1,669,212 | ||||||
Reinsurance Group of America Inc., 3.95%, 09/15/26 (Call 06/15/26) |
870 | 954,294 | ||||||
Swiss Re America Holding Corp., 7.00%, 02/15/26 |
186 | 228,293 | ||||||
Trinity Acquisition PLC, 4.40%, 03/15/26 (Call 12/15/25) |
876 | 967,340 | ||||||
Voya Financial Inc., 3.65%, 06/15/26 |
1,095 | 1,190,046 | ||||||
|
|
|||||||
28,900,553 | ||||||||
Internet — 1.4% | ||||||||
Alphabet Inc., 2.00%, 08/15/26 (Call 05/15/26) |
4,182 | 4,317,120 | ||||||
Amazon.com Inc., 1.00%, 05/12/26 (Call 04/12/26)(a) |
915 | 906,646 | ||||||
Baidu Inc., 1.72%, 04/09/26 (Call 03/09/26) |
455 | 450,250 | ||||||
Booking Holdings Inc., 3.60%, 06/01/26 (Call 03/01/26)(a) |
2,268 | 2,467,380 | ||||||
eBay Inc., 1.40%, 05/10/26 (Call 04/10/26) |
1,250 | 1,238,800 | ||||||
Expedia
Group Inc., 5.00%, 02/15/26 |
1,377 | 1,545,834 | ||||||
JD.com Inc., 3.88%, 04/29/26(a) |
823 | 882,626 | ||||||
|
|
|||||||
11,808,656 | ||||||||
Iron & Steel — 0.6% | ||||||||
ArcelorMittal SA, 4.55%, 03/11/26 |
740 | 812,764 | ||||||
Steel Dynamics Inc., 5.00%, 12/15/26 (Call 12/15/21) |
1,120 | 1,154,014 | ||||||
Vale Overseas Ltd., 6.25%, 08/10/26(a) |
2,942 | 3,414,780 | ||||||
|
|
|||||||
5,381,558 | ||||||||
Lodging — 0.7% | ||||||||
Hyatt Hotels Corp., 4.85%, 03/15/26 (Call 12/15/25) |
974 | 1,073,728 | ||||||
Las Vegas Sands Corp., 3.50%, 08/18/26 (Call 06/18/26) |
1,767 | 1,806,934 | ||||||
Marriott International Inc./MD, Series R, 3.13%, 06/15/26 (Call 03/15/26)(a) |
1,953 | 2,067,407 | ||||||
Sands China Ltd., 3.80%, 01/08/26 (Call 12/08/25) |
815 | 819,425 | ||||||
5,767,494 |
64 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Machinery — 1.0% | ||||||||
Caterpillar Financial Services Corp. |
||||||||
0.90%, 03/02/26 |
$ | 523 | $ | 514,182 | ||||
1.15%, 09/14/26 |
275 | 271,499 | ||||||
2.40%, 08/09/26(a) |
800 | 836,936 | ||||||
CNH Industrial Capital LLC |
||||||||
1.45%, 07/15/26 (Call 06/15/26) |
365 | 359,602 | ||||||
1.88%, 01/15/26 (Call 12/15/25) |
645 | 649,457 | ||||||
John Deere Capital Corp. |
||||||||
0.70%, 01/15/26(a) |
391 | 381,260 | ||||||
1.05%, 06/17/26 |
877 | 864,126 | ||||||
2.25%, 09/14/26 |
1,411 | 1,464,562 | ||||||
2.65%, 06/10/26(a) |
557 | 590,013 | ||||||
Westinghouse Air Brake Technologies Corp., 3.45%, 11/15/26 (Call 08/15/26)(a) |
1,514 | 1,609,972 | ||||||
Xylem Inc./NY, 3.25%, 11/01/26 (Call 08/01/26) |
1,275 | 1,369,325 | ||||||
|
|
|||||||
8,910,934 | ||||||||
Manufacturing — 0.6% | ||||||||
3M Co., 2.25%, 09/19/26 (Call 06/19/26) |
1,311 | 1,361,356 | ||||||
General Electric Co., 5.55%, 01/05/26 |
485 | 564,181 | ||||||
Illinois Tool Works Inc., 2.65%, 11/15/26 (Call 08/15/26) |
1,999 | 2,116,181 | ||||||
Textron Inc., 4.00%, 03/15/26 (Call 12/15/25)(a) |
642 | 703,080 | ||||||
Trane Technologies Luxembourg Finance SA, 3.50%, 03/21/26 (Call 01/21/26) |
734 | 789,292 | ||||||
|
|
|||||||
5,534,090 | ||||||||
Media — 1.8% | ||||||||
Comcast Corp., 3.15%, 03/01/26 (Call 12/01/25)(a) |
3,551 | 3,802,233 | ||||||
Discovery Communications LLC, 4.90%, 03/11/26 (Call 12/11/25) |
1,667 | 1,879,226 | ||||||
Grupo Televisa SAB, 4.63%, 01/30/26 (Call 10/30/25) |
680 | 743,920 | ||||||
TCI Communications Inc., 7.88%, 02/15/26 |
739 | 934,096 | ||||||
Thomson Reuters Corp., 3.35%, 05/15/26 (Call 02/15/26) |
1,084 | 1,159,490 | ||||||
TWDC Enterprises 18 Corp. |
||||||||
1.85%, 07/30/26(a) |
1,551 | 1,575,118 | ||||||
3.00%, 02/13/26 |
991 | 1,055,266 | ||||||
ViacomCBS Inc., 4.00%, 01/15/26 (Call 10/15/25) |
1,618 | 1,763,685 | ||||||
Walt Disney Co. (The) |
||||||||
1.75%, 01/13/26 |
1,572 | 1,594,621 | ||||||
3.38%, 11/15/26 (Call 08/15/26) |
1,176 | 1,277,606 | ||||||
|
|
|||||||
15,785,261 | ||||||||
Mining — 0.0% | ||||||||
BHP Billiton Finance USA Ltd., 6.42%, 03/01/26 |
105 | 126,049 | ||||||
|
|
|||||||
Oil & Gas — 3.8% | ||||||||
BP Capital Markets America Inc. |
||||||||
3.12%, 05/04/26 (Call 02/04/26) |
2,005 | 2,144,408 | ||||||
3.41%, 02/11/26 (Call 12/11/25) |
1,493 | 1,610,887 | ||||||
Chevron Corp., 2.95%, 05/16/26 (Call 02/16/26) |
3,643 | 3,885,842 | ||||||
ConocoPhillips Co., 4.95%, 03/15/26 (Call 12/15/25) |
2,209 | 2,511,213 | ||||||
Diamondback Energy Inc., 3.25%, 12/01/26 (Call 10/01/26)(a) |
1,269 | 1,342,018 | ||||||
EOG Resources Inc., 4.15%, 01/15/26 (Call 10/15/25)(a) |
1,736 | 1,917,985 | ||||||
Exxon Mobil Corp. |
||||||||
2.28%, 08/16/26 (Call 06/16/26)(a) |
2,172 | 2,258,467 | ||||||
3.04%, 03/01/26 (Call 12/01/25)(a) |
4,057 | 4,331,375 | ||||||
HollyFrontier Corp., 5.88%, 04/01/26 (Call 01/01/26) |
1,755 | 2,001,227 | ||||||
Marathon Petroleum Corp., 5.13%, 12/15/26 (Call 09/15/26) |
1,337 | 1,538,847 | ||||||
Phillips 66, 1.30%, 02/15/26 (Call 01/15/26)(a) |
601 | 591,907 | ||||||
Pioneer Natural Resources Co. |
||||||||
1.13%, 01/15/26 (Call 12/15/25)(a) |
244 | 238,979 | ||||||
4.45%, 01/15/26 (Call 10/15/25)(a) |
1,140 | 1,259,825 |
Security | Par (000) |
Value | ||||||
Oil & Gas (continued) | ||||||||
Shell International Finance BV |
||||||||
2.50%, 09/12/26(a) |
$ | 1,875 | $ | 1,970,550 | ||||
2.88%, 05/10/26 |
2,541 | 2,707,995 | ||||||
Valero Energy Corp., 3.40%, 09/15/26 (Call 06/15/26) |
2,032 | 2,172,899 | ||||||
|
|
|||||||
32,484,424 | ||||||||
Packaging & Containers — 0.6% | ||||||||
Amcor Finance USA Inc., 3.63%, 04/28/26 (Call 01/28/26)(a) |
1,532 | 1,653,947 | ||||||
Berry Global Inc., 1.57%, 01/15/26 (Call 12/15/25) |
1,881 | 1,861,607 | ||||||
WRKCo Inc., 4.65%, 03/15/26 (Call 01/15/26)(a) |
1,676 | 1,886,472 | ||||||
|
|
|||||||
5,402,026 | ||||||||
Pharmaceuticals — 4.9% | ||||||||
AbbVie Inc. |
||||||||
2.95%, 11/21/26 (Call 09/21/26)(a) |
6,201 | 6,555,635 | ||||||
3.20%, 05/14/26 (Call 02/14/26) |
2,613 | 2,783,551 | ||||||
Astrazeneca Finance LLC, 1.20%, 05/28/26 (Call 04/28/26)(a) |
130 | 128,892 | ||||||
AstraZeneca PLC, 0.70%, 04/08/26 (Call 03/08/26) |
1,847 | 1,791,516 | ||||||
Bristol-Myers Squibb Co., 3.20%, 06/15/26 (Call 04/15/26) |
3,692 | 3,987,803 | ||||||
Cigna Corp. |
||||||||
1.25%, 03/15/26 (Call 02/15/26)(a) |
1,070 | 1,058,284 | ||||||
4.50%, 02/25/26 (Call 11/27/25) |
2,211 | 2,461,971 | ||||||
CVS Health Corp. |
||||||||
2.88%, 06/01/26 (Call 03/01/26)(a) |
2,548 | 2,681,566 | ||||||
3.00%, 08/15/26 (Call 06/15/26)(a) |
1,691 | 1,794,743 | ||||||
Johnson & Johnson, 2.45%, 03/01/26 (Call 12/01/25) |
3,696 | 3,879,728 | ||||||
McKesson Corp., 1.30%, 08/15/26 (Call 07/15/26) |
480 | 470,779 | ||||||
Merck & Co. Inc., 0.75%, 02/24/26 (Call 01/24/26)(a) |
754 | 738,573 | ||||||
Pfizer Inc. |
||||||||
2.75%, 06/03/26(a) |
2,886 | 3,072,407 | ||||||
3.00%, 12/15/26(a) |
2,361 | 2,549,313 | ||||||
Shire Acquisitions Investments Ireland DAC, 3.20%, 09/23/26 (Call 06/23/26) |
4,572 | 4,863,877 | ||||||
Utah Acquisition Sub Inc., 3.95%, 06/15/26 (Call 03/15/26) |
3,387 | 3,684,480 | ||||||
|
|
|||||||
42,503,118 | ||||||||
Pipelines — 2.9% | ||||||||
Boardwalk Pipelines LP, 5.95%, 06/01/26 (Call 03/01/26) |
510 | 592,375 | ||||||
Enbridge Inc. |
||||||||
1.60%, 10/04/26 (Call 09/04/26) |
505 | 501,995 | ||||||
4.25%, 12/01/26 (Call 09/01/26) |
1,912 | 2,127,559 | ||||||
Energy Transfer LP |
||||||||
3.90%, 07/15/26 (Call 04/15/26) |
980 | 1,059,468 | ||||||
4.75%, 01/15/26 (Call 10/15/25) |
2,033 | 2,249,027 | ||||||
Enterprise Products Operating LLC, 3.70%, 02/15/26 (Call 11/15/25) |
1,965 | 2,133,597 | ||||||
Magellan Midstream Partners LP, 5.00%, 03/01/26 (Call 12/01/25) |
461 | 520,815 | ||||||
MPLX LP, 1.75%, 03/01/26 (Call 02/01/26) |
2,831 | 2,818,997 | ||||||
ONEOK Inc., 5.85%, 01/15/26 (Call 12/15/25) |
1,373 | 1,597,650 | ||||||
Phillips 66 Partners LP, 3.55%, 10/01/26 (Call 07/01/26) |
780 | 836,722 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 4.50%, 12/15/26 (Call 09/15/26) |
1,155 | 1,273,052 | ||||||
Sabine Pass Liquefaction LLC, 5.88%, 06/30/26 (Call 12/31/25) |
2,399 | 2,784,687 | ||||||
Spectra Energy Partners LP, 3.38%, 10/15/26 (Call 07/15/26) |
1,033 | 1,109,060 | ||||||
TransCanada PipeLines Ltd., 4.88%, 01/15/26 (Call 10/15/25)(a) |
1,826 | 2,062,120 | ||||||
Transcontinental Gas Pipe Line Co. LLC, 7.85%, 02/01/26 (Call 11/01/25) |
2,099 | 2,585,737 | ||||||
Valero Energy Partners LP, 4.38%, 12/15/26 (Call 09/15/26) |
992 | 1,102,231 | ||||||
|
|
|||||||
25,355,092 |
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, 2021 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Real Estate — 0.2% | ||||||||
CBRE Services Inc., 4.88%, 03/01/26 (Call 12/01/25) |
$ | 1,496 | $ | 1,690,764 | ||||
|
|
|||||||
Real Estate Investment Trusts — 6.0% | ||||||||
Alexandria Real Estate Equities Inc. |
||||||||
3.80%, 04/15/26 (Call 02/15/26) |
1,120 | 1,226,299 | ||||||
4.30%, 01/15/26 (Call 10/15/25) |
525 | 580,918 | ||||||
American Campus Communities Operating Partnership LP, 3.30%, 07/15/26 (Call 05/15/26) |
1,102 | 1,171,404 | ||||||
American Tower Corp. |
||||||||
1.60%, 04/15/26 (Call 03/15/26)(a) |
340 | 338,385 | ||||||
3.38%, 10/15/26 (Call 07/15/26) |
1,807 | 1,932,099 | ||||||
4.40%, 02/15/26 (Call 11/15/25) |
1,507 | 1,666,923 | ||||||
AvalonBay Communities Inc. |
||||||||
2.90%, 10/15/26 (Call 07/15/26)(a) |
746 | 792,491 | ||||||
2.95%, 05/11/26 (Call 02/11/26)(a) |
747 | 793,590 | ||||||
Boston Properties LP |
||||||||
2.75%, 10/01/26 (Call 07/01/26) |
1,214 | 1,269,128 | ||||||
3.65%, 02/01/26 (Call 11/03/25)(a) |
1,953 | 2,107,443 | ||||||
Brixmor Operating Partnership LP, 4.13%, 06/15/26 (Call 03/15/26)(a) |
425 | 466,425 | ||||||
Columbia Property Trust Operating Partnership LP, 3.65%, 08/15/26 (Call 05/15/26) |
524 | 552,081 | ||||||
Corporate Office Properties LP, 2.25%, 03/15/26 (Call 02/15/26) |
757 | 768,400 | ||||||
Crown Castle International Corp. |
||||||||
1.05%, 07/15/26 (Call 06/15/26) |
515 | 498,726 | ||||||
3.70%, 06/15/26 (Call 03/15/26)(a) |
1,577 | 1,704,768 | ||||||
4.45%, 02/15/26 (Call 11/15/25) |
1,583 | 1,751,447 | ||||||
CubeSmart LP, 3.13%, 09/01/26 (Call 06/01/26)(a) |
560 | 591,450 | ||||||
Duke Realty LP, 3.25%, 06/30/26 (Call 03/30/26) |
508 | 544,027 | ||||||
EPR Properties, 4.75%, 12/15/26 (Call 09/15/26) |
700 | 760,368 | ||||||
Equinix Inc. |
||||||||
1.45%, 05/15/26 (Call 04/15/26) |
1,479 | 1,461,607 | ||||||
2.90%, 11/18/26 (Call 09/18/26) |
1,357 | 1,424,416 | ||||||
ERP
Operating LP, 2.85%, 11/01/26 |
1,008 | 1,063,158 | ||||||
Essex Portfolio LP, 3.38%, 04/15/26 (Call 01/15/26) |
907 | 970,163 | ||||||
Federal Realty Investment Trust, 1.25%, 02/15/26 (Call 01/15/26)(a) |
356 | 352,066 | ||||||
GLP Capital LP/GLP Financing II Inc., 5.38%, 04/15/26 (Call 01/15/26)(a) |
1,817 | 2,050,848 | ||||||
Healthcare Trust of America Holdings LP, 3.50%, 08/01/26 (Call 05/01/26) |
1,367 | 1,464,440 | ||||||
Healthpeak Properties Inc., 3.25%, 07/15/26 (Call 05/15/26) |
1,312 | 1,403,433 | ||||||
Host Hotels & Resorts LP, Series F, 4.50%, 02/01/26 (Call 11/01/25) |
345 | 374,539 | ||||||
Kimco Realty Corp., 2.80%, 10/01/26 (Call 07/01/26) |
855 | 897,912 | ||||||
Kite Realty Group LP, 4.00%, 10/01/26 (Call 07/01/26) |
490 | 521,806 | ||||||
LifeStorage
LP/CA, 3.50%, 07/01/26 |
942 | 1,016,512 | ||||||
Mid-America Apartments LP, 1.10%, 09/15/26 (Call 08/15/26) |
55 | 53,611 | ||||||
National Retail Properties Inc., 3.60%, 12/15/26 (Call 09/15/26) |
585 | 629,951 | ||||||
Office Properties Income Trust, 2.65%, 06/15/26 (Call 05/15/26)(a) |
675 | 675,344 | ||||||
Omega Healthcare Investors Inc., 5.25%, 01/15/26 (Call 10/15/25) |
1,026 | 1,152,752 | ||||||
Prologis LP, 3.25%, 10/01/26 (Call 07/01/26) |
740 | 797,520 | ||||||
Public Storage, 0.88%, 02/15/26 (Call 01/15/26) |
1,048 | 1,026,925 | ||||||
Realty Income Corp. |
||||||||
0.75%, 03/15/26 (Call 02/15/26) |
630 | 610,413 | ||||||
4.13%, 10/15/26 (Call 07/15/26) |
1,068 | 1,191,664 | ||||||
Sabra Health Care LP, 5.13%, 08/15/26 (Call 05/15/26) |
1,040 | 1,154,338 |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
Simon Property Group LP |
||||||||
3.25%, 11/30/26 (Call 08/30/26) |
$ | 1,295 | $ | 1,389,095 | ||||
3.30%, 01/15/26 (Call 10/15/25) |
1,437 | 1,542,591 | ||||||
SITE Centers Corp., 4.25%, 02/01/26 (Call 11/01/25) |
136 | 146,177 | ||||||
Spirit Realty LP, 4.45%, 09/15/26 (Call 06/15/26) |
135 | 149,383 | ||||||
Tanger Properties LP, 3.13%, 09/01/26 (Call 06/01/26) |
529 | 548,335 | ||||||
UDR Inc., 2.95%, 09/01/26 (Call 06/01/26) |
1,220 | 1,282,330 | ||||||
Ventas Realty LP |
||||||||
3.25%, 10/15/26 (Call 07/15/26)(a) |
911 | 971,727 | ||||||
4.13%, 01/15/26 (Call 10/15/25) |
1,043 | 1,141,741 | ||||||
VEREIT Operating Partnership LP, 4.88%, 06/01/26 (Call 03/01/26) |
1,289 | 1,457,073 | ||||||
Vornado Realty LP, 2.15%, 06/01/26 (Call 05/01/26) |
655 | 659,821 | ||||||
Welltower Inc., 4.25%, 04/01/26 (Call 01/01/26)(a) |
1,813 | 2,005,957 | ||||||
WP Carey Inc., 4.25%, 10/01/26 (Call 07/01/26)(a) |
708 | 786,503 | ||||||
|
|
|||||||
51,890,523 | ||||||||
Retail — 2.5% | ||||||||
AutoZone Inc., 3.13%, 04/21/26 (Call 01/21/26) |
1,172 | 1,247,114 | ||||||
Home Depot Inc. (The) |
||||||||
2.13%, 09/15/26 (Call 06/15/26) |
2,075 | 2,147,438 | ||||||
3.00%, 04/01/26 (Call 01/01/26) |
2,351 | 2,511,761 | ||||||
Lowe’s Companies Inc., 2.50%, 04/15/26 (Call 01/15/26) |
2,688 | 2,806,218 | ||||||
McDonald’s Corp., 3.70%, 01/30/26 (Call 10/30/25) |
3,334 | 3,624,225 | ||||||
O’Reilly Automotive Inc., 3.55%, 03/15/26 (Call 12/15/25) |
1,534 | 1,661,905 | ||||||
Ross Stores Inc., 0.88%, 04/15/26 (Call 03/15/26) |
794 | 772,514 | ||||||
Starbucks Corp., 2.45%, 06/15/26 (Call 03/15/26) |
1,621 | 1,689,682 | ||||||
Target Corp., 2.50%, 04/15/26(a) |
1,644 | 1,736,952 | ||||||
TJX Companies Inc. (The), 2.25%, 09/15/26 (Call 06/15/26) |
2,256 | 2,348,383 | ||||||
Walgreens Boots Alliance Inc., 3.45%, 06/01/26 (Call 03/01/26) |
668 | 716,036 | ||||||
Walmart Inc., 3.05%, 07/08/26 (Call 05/08/26) |
100 | 107,900 | ||||||
|
|
|||||||
21,370,128 | ||||||||
Semiconductors — 2.4% | ||||||||
Analog
Devices Inc., 3.50%, 12/05/26 |
2,208 | 2,410,231 | ||||||
Broadcom Inc. |
||||||||
3.46%, 09/15/26 (Call 07/15/26) |
2,011 | 2,146,381 | ||||||
4.25%, 04/15/26 (Call 02/15/26)(a) |
2,476 | 2,722,931 | ||||||
Intel Corp., 2.60%, 05/19/26 (Call 02/19/26)(a) |
2,426 | 2,559,430 | ||||||
Lam Research Corp., 3.75%, 03/15/26 (Call 01/15/26) |
1,821 | 1,996,836 | ||||||
Marvell Technology Inc., 1.65%, 04/15/26 (Call 03/15/26) |
935 | 927,866 | ||||||
Micron Technology Inc., 4.98%, 02/06/26 (Call 12/06/25) |
1,170 | 1,315,606 | ||||||
NVIDIA Corp., 3.20%, 09/16/26 (Call 06/16/26) |
2,415 | 2,621,096 | ||||||
NXP BV/NXP Funding LLC, 5.35%, 03/01/26 |
||||||||
(Call 01/01/26)(c) |
1,050 | 1,199,488 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 3.88%, 06/18/26 |
||||||||
(Call 04/18/26)(c) |
1,494 | 1,627,758 | ||||||
Skyworks Solutions Inc., 1.80%, 06/01/26 (Call 05/01/26) |
1,173 | 1,174,314 | ||||||
Texas Instruments Inc., 1.13%, 09/15/26 (Call 08/15/26) |
150 | 148,890 | ||||||
|
|
|||||||
20,850,827 | ||||||||
Software — 3.5% | ||||||||
Activision Blizzard Inc., 3.40%, 09/15/26 (Call 06/15/26) |
1,489 | 1,603,906 | ||||||
Broadridge Financial Solutions Inc., 3.40%, 06/27/26 (Call 03/27/26)(a) |
1,697 | 1,824,343 | ||||||
Citrix Systems Inc., 1.25%, 03/01/26 (Call 02/01/26) |
891 | 867,932 | ||||||
Electronic Arts Inc., 4.80%, 03/01/26 (Call 12/01/25) |
1,400 | 1,580,390 | ||||||
Fidelity National Information Services Inc., 1.15%, 03/01/26 (Call 02/01/26) |
476 | 466,337 | ||||||
Fiserv Inc., 3.20%, 07/01/26 (Call 05/01/26) |
3,495 | 3,714,171 | ||||||
Microsoft Corp., 2.40%, 08/08/26 (Call 05/08/26) |
6,457 | 6,778,882 |
66 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2026 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Software (continued) | ||||||||
Oracle Corp. |
||||||||
1.65%, 03/25/26 (Call 02/25/26) |
$ | 4,903 | $ | 4,911,678 | ||||
2.65%, 07/15/26 (Call 04/15/26) |
4,601 | 4,783,798 | ||||||
Roper Technologies Inc., 3.80%, 12/15/26 (Call 09/15/26) |
1,421 | 1,558,283 | ||||||
VMware Inc., 1.40%, 08/15/26 (Call 07/15/26) |
2,410 | 2,373,561 | ||||||
|
|
|||||||
30,463,281 | ||||||||
Telecommunications — 2.7% | ||||||||
AT&T Inc. |
||||||||
1.70%, 03/25/26 (Call 03/25/23)(a) |
3,275 | 3,289,344 | ||||||
2.95%, 07/15/26 (Call 04/15/26)(a) |
1,236 | 1,309,159 | ||||||
3.88%, 01/15/26 (Call 10/15/25) |
996 | 1,086,208 | ||||||
4.13%, 02/17/26 (Call 11/17/25) |
3,225 | 3,553,627 | ||||||
Cisco Systems Inc. |
||||||||
2.50%, 09/20/26 (Call 06/20/26)(a) |
2,570 | 2,720,165 | ||||||
2.95%, 02/28/26 |
1,756 | 1,881,800 | ||||||
Rogers Communications Inc., 2.90%, 11/15/26 (Call 08/15/26) |
1,073 | 1,125,985 | ||||||
T-Mobile USA Inc., 1.50%, 02/15/26 (Call 01/15/26) |
1,685 | 1,672,784 | ||||||
Verizon Communications Inc. |
||||||||
1.45%, 03/20/26 (Call 02/20/26) |
2,780 | 2,772,411 | ||||||
2.63%, 08/15/26 |
3,990 | 4,177,171 | ||||||
|
|
|||||||
23,588,654 | ||||||||
Toys, Games & Hobbies — 0.2% | ||||||||
Hasbro Inc., 3.55%, 11/19/26 (Call 09/19/26) |
1,841 | 1,984,488 | ||||||
|
|
|||||||
Transportation — 1.3% | ||||||||
Canadian National Railway Co., 2.75%, 03/01/26 (Call 12/01/25) |
934 | 984,623 | ||||||
CSX Corp., 2.60%, 11/01/26 (Call 08/01/26) |
1,331 | 1,403,806 | ||||||
FedEx Corp., 3.25%, 04/01/26 (Call 01/01/26)(a) |
2,002 | 2,155,593 | ||||||
JB Hunt Transport Services Inc., 3.88%, 03/01/26 (Call 01/01/26) |
1,276 | 1,397,348 | ||||||
Norfolk Southern Corp., 2.90%, 06/15/26 (Call 03/15/26) |
1,585 | 1,677,231 | ||||||
Ryder System Inc., 2.90%, 12/01/26 (Call 10/01/26) |
1,203 | 1,267,348 | ||||||
Union Pacific Corp., 2.75%, 03/01/26 (Call 12/01/25) |
885 | 935,330 | ||||||
United Parcel Service Inc., 2.40%, 11/15/26 (Call 08/15/26) |
782 | 819,747 | ||||||
Walmart Inc., 1.05%, 09/17/26 (Call 08/17/26) |
590 | 584,183 | ||||||
|
|
|||||||
11,225,209 |
Security |
Par/ Shares (000) |
Value | ||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 3.25%, 09/15/26 (Call 06/15/26)(a) |
$ | 670 | $ | 711,466 | ||||
|
|
|||||||
Venture Capital — 0.0% | ||||||||
Hercules Capital Inc., 2.63%, 09/16/26 (Call 08/16/26) |
15 | 14,793 | ||||||
|
|
|||||||
Total
Corporate Bonds & Notes — 99.1% |
853,962,569 | |||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 8.0% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(d)(e)(f) |
65,537 | 65,569,882 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(d)(e) |
2,857 | 2,857,000 | ||||||
|
|
|||||||
68,426,882 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 8.0% |
68,426,882 | |||||||
|
|
|||||||
Total
Investments in Securities — 107.1% |
922,389,451 | |||||||
Other Assets, Less Liabilities — (7.1)% |
(60,971,100 | ) | ||||||
|
|
|||||||
Net Assets — 100.0% |
$ | 861,418,351 | ||||||
|
|
(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, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change in Unrealized Appreciation (Depreciation) |
Value at 10/31/21 |
Shares Held at 10/31/21 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock
Cash Funds: Institutional, |
$ | 20,611,186 | $ | 44,964,855 | (a) | $ | — | $ | (4,327 | ) | $ | (1,832 | ) | $ | 65,569,882 | 65,537 | $ | 72,032 | (b) | $ | — | |||||||||||||||
BlackRock
Cash Funds: Treasury, |
1,437,000 | 1,420,000 | (a) | — | — | — | 2,857,000 | 2,857 | 378 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (4,327 | ) | $ | (1,832 | ) | $ | 68,426,882 | $ | 72,410 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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.
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, 2021 |
iShares® iBonds® Dec 2026 Term Corporate ETF
|
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 853,962,569 | $ | — | $ | 853,962,569 | ||||||||
Money Market Funds |
68,426,882 | — | — | 68,426,882 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 68,426,882 | $ | 853,962,569 | $ | — | $ | 922,389,451 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
68 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Aerospace & Defense — 2.4% | ||||||||
Boeing Co. (The) |
||||||||
2.70%, 02/01/27 (Call 12/01/26) |
$ | 1,525 | $ | 1,565,062 | ||||
2.80%, 03/01/27 (Call 12/01/26) |
696 | 715,439 | ||||||
5.04%, 05/01/27 (Call 03/01/27) |
2,399 | 2,725,672 | ||||||
General Dynamics Corp. |
||||||||
2.63%, 11/15/27 (Call 08/15/27)(a) |
645 | 680,610 | ||||||
3.50%, 04/01/27 (Call 02/01/27) |
1,191 | 1,302,823 | ||||||
Northrop Grumman Corp., 3.20%, 02/01/27 (Call 11/01/26) |
1,443 | 1,548,786 | ||||||
Raytheon Technologies Corp. |
||||||||
3.13%, 05/04/27 (Call 02/04/27) |
1,441 | 1,542,850 | ||||||
3.50%, 03/15/27 (Call 12/15/26) |
1,724 | 1,870,609 | ||||||
7.20%, 08/15/27(a) |
348 | 447,354 | ||||||
|
|
|||||||
12,399,205 | ||||||||
Agriculture — 1.7% | ||||||||
BAT Capital Corp. |
||||||||
3.56%, 08/15/27 (Call 05/15/27) |
4,898 | 5,182,182 | ||||||
4.70%, 04/02/27 (Call 02/02/27) |
1,384 | 1,540,835 | ||||||
Bunge Ltd. Finance Corp., 3.75%, 09/25/27 (Call 06/25/27) |
1,098 | 1,198,083 | ||||||
Philip Morris International Inc., 3.13%, 08/17/27 (Call 05/17/27)(a) |
732 | 785,941 | ||||||
|
|
|||||||
8,707,041 | ||||||||
Airlines — 1.5% | ||||||||
American
Airlines Pass Through Trust, |
281 | 290,266 | ||||||
Southwest Airlines Co. |
||||||||
3.45%, 11/16/27 (Call 08/16/27)(a) |
774 | 828,822 | ||||||
5.13%, 06/15/27 (Call 04/15/27) |
2,615 | 3,016,926 | ||||||
United Airlines Pass Through Trust, Series 2020-1, Class A, 5.88%, 04/15/29(a) |
3,176 | 3,544,197 | ||||||
|
|
|||||||
7,680,211 | ||||||||
Apparel — 0.6% | ||||||||
NIKE Inc., 2.75%, 03/27/27 (Call 01/27/27) |
1,357 | 1,441,175 | ||||||
Tapestry Inc., 4.13%, 07/15/27 (Call 04/15/27)(a) |
597 | 648,240 | ||||||
VF Corp., 2.80%, 04/23/27 (Call 02/23/27)(a) |
877 | 920,552 | ||||||
|
|
|||||||
3,009,967 | ||||||||
Auto Manufacturers — 1.8% | ||||||||
American Honda Finance Corp., 2.35%, 01/08/27 |
861 | 890,636 | ||||||
General Motors Co. |
||||||||
4.20%, 10/01/27 (Call 07/01/27)(a) |
1,210 | 1,328,181 | ||||||
6.80%, 10/01/27 (Call 08/01/27) |
1,459 | 1,797,824 | ||||||
General Motors Financial Co. Inc. |
||||||||
2.70%, 08/20/27 (Call 06/20/27)(a) |
1,251 | 1,278,259 | ||||||
4.35%, 01/17/27 (Call 10/17/26) |
1,587 | 1,752,492 | ||||||
Toyota Motor Credit Corp. |
||||||||
1.15%, 08/13/27(a) |
821 | 797,856 | ||||||
3.20%, 01/11/27 |
1,307 | 1,411,024 | ||||||
|
|
|||||||
9,256,272 | ||||||||
Auto Parts & Equipment — 0.6% | ||||||||
BorgWarner
Inc., 2.65%, 07/01/27 |
1,866 | 1,941,834 | ||||||
Lear Corp., 3.80%, 09/15/27 (Call 06/15/27)(a) |
1,294 | 1,412,983 | ||||||
|
|
|||||||
3,354,817 | ||||||||
Banks — 13.0% | ||||||||
Banco Santander SA, 4.25%, 04/11/27 |
1,460 | 1,613,723 | ||||||
Bank of America Corp. |
||||||||
3.25%, 10/21/27 (Call 10/21/26) |
3,670 | 3,912,881 | ||||||
Series L, 4.18%, 11/25/27 (Call 11/25/26) |
2,874 | 3,165,050 | ||||||
Bank of New York Mellon Corp. (The), 3.25%, 05/16/27 (Call 02/16/27) |
1,436 | 1,549,860 |
Security |
Par (000) |
Value | ||||||
Banks (continued) | ||||||||
Citigroup Inc., 4.45%, 09/29/27 |
$ | 5,474 | $ | 6,131,592 | ||||
Fifth Third Bancorp., 2.55%, 05/05/27 (Call 04/05/27) |
1,259 | 1,306,225 | ||||||
Fifth Third Bank NA, 2.25%, 02/01/27 (Call 01/01/27) |
594 | 611,244 | ||||||
Goldman Sachs Group Inc. (The) |
||||||||
3.85%, 01/26/27 (Call 01/26/26)(a) |
3,574 | 3,869,320 | ||||||
5.95%, 01/15/27 |
1,736 | 2,068,201 | ||||||
ING Groep NV, 3.95%, 03/29/27 |
2,013 | 2,216,696 | ||||||
JPMorgan Chase & Co. |
||||||||
3.63%, 12/01/27 (Call 12/01/26) |
1,222 | 1,318,330 | ||||||
4.25%, 10/01/27 |
1,963 | 2,210,750 | ||||||
8.00%, 04/29/27 |
1,235 | 1,614,614 | ||||||
KeyCorp., 2.25%, 04/06/27 |
1,463 | 1,496,137 | ||||||
Lloyds Banking Group PLC, 3.75%, 01/11/27 |
1,688 | 1,831,868 | ||||||
Manufacturers & Traders Trust Co., 3.40%, 08/17/27 |
760 | 820,352 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
3.29%, 07/25/27 |
1,556 | 1,671,564 | ||||||
3.68%, 02/22/27 |
901 | 981,613 | ||||||
Mizuho Financial Group Inc. |
||||||||
3.17%, 09/11/27 |
1,256 | 1,335,605 | ||||||
3.66%, 02/28/27 |
850 | 925,905 | ||||||
Morgan Stanley |
||||||||
3.63%, 01/20/27(a) |
4,166 | 4,526,567 | ||||||
3.95%, 04/23/27(a) |
2,760 | 3,029,597 | ||||||
PNC Bank N.A., 3.10%, 10/25/27 (Call 09/25/27) |
1,405 | 1,515,250 | ||||||
PNC Financial Services Group Inc. (The), 3.15%, 05/19/27 (Call 04/19/27) |
1,354 | 1,462,699 | ||||||
Santander Holdings USA Inc., 4.40%, 07/13/27 (Call 04/14/27) |
1,622 | 1,804,913 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
3.35%, 10/18/27 |
1,274 | 1,374,633 | ||||||
3.36%, 07/12/27 |
1,968 | 2,131,994 | ||||||
3.45%, 01/11/27 |
1,792 | 1,929,823 | ||||||
Truist Financial Corp., 1.13%, 08/03/27 (Call 06/03/27) |
1,370 | 1,321,817 | ||||||
U.S. Bancorp., Series X, 3.15%, 04/27/27 (Call 03/27/27) |
2,115 | 2,273,117 | ||||||
Wells Fargo & Co., 4.30%, 07/22/27 |
3,755 | 4,195,049 | ||||||
Westpac Banking Corp., 3.35%, 03/08/27 |
1,442 | 1,561,729 | ||||||
|
|
|||||||
67,778,718 | ||||||||
Beverages — 1.8% | ||||||||
Coca-Cola Co. (The) |
||||||||
1.45%, 06/01/27(a) |
1,542 | 1,534,583 | ||||||
2.90%, 05/25/27(a) |
835 | 895,446 | ||||||
3.38%, 03/25/27 |
1,552 | 1,694,334 | ||||||
Constellation Brands Inc., 3.50%, 05/09/27 (Call 02/09/27)(a) |
899 | 975,415 | ||||||
Keurig Dr Pepper Inc., 3.43%, 06/15/27 (Call 03/15/27) |
1,104 | 1,195,356 | ||||||
PepsiCo Inc. |
||||||||
2.63%, 03/19/27 (Call 01/19/27) |
766 | 809,333 | ||||||
3.00%, 10/15/27 (Call 07/15/27)(a) |
2,013 | 2,174,885 | ||||||
|
|
|||||||
9,279,352 | ||||||||
Biotechnology — 1.6% | ||||||||
Amgen Inc. |
||||||||
2.20%, 02/21/27 (Call 12/21/26) |
1,875 | 1,912,969 | ||||||
3.20%, 11/02/27 (Call 08/02/27) |
1,690 | 1,811,258 | ||||||
Gilead Sciences Inc. |
||||||||
1.20%, 10/01/27 (Call 08/01/27) |
576 | 555,396 | ||||||
2.95%, 03/01/27 (Call 12/01/26) |
2,265 | 2,401,398 | ||||||
Royalty Pharma PLC, 1.75%, 09/02/27 (Call 07/02/27) |
1,682 | 1,649,251 | ||||||
|
|
|||||||
8,330,272 | ||||||||
Building Materials — 0.9% | ||||||||
Carrier Global Corp., 2.49%, 02/15/27 (Call 12/15/26) |
1,780 | 1,830,623 | ||||||
Lennox International Inc., 1.70%, 08/01/27 (Call 06/01/27)(a) |
395 | 389,059 |
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, 2021 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Building Materials (continued) | ||||||||
Martin Marietta Materials Inc. |
||||||||
3.45%, 06/01/27 (Call 03/01/27) |
$ | 390 | $ | 421,009 | ||||
3.50%, 12/15/27 (Call 09/15/27) |
609 | 660,564 | ||||||
Masco Corp., 3.50%, 11/15/27 (Call 08/15/27) |
603 | 651,228 | ||||||
Vulcan Materials Co., 3.90%, 04/01/27 (Call 01/01/27)(a) |
470 | 520,859 | ||||||
|
|
|||||||
4,473,342 | ||||||||
Chemicals — 1.4% | ||||||||
Air Products and Chemicals Inc., 1.85%, 05/15/27 (Call 03/15/27)(a) |
880 | 895,277 | ||||||
Ecolab Inc., 3.25%, 12/01/27 (Call 09/01/27) |
625 | 677,037 | ||||||
LYB International Finance II BV, 3.50%, 03/02/27 (Call 12/02/26) |
1,402 | 1,513,894 | ||||||
Mosaic
Co. (The), 4.05%, 11/15/27 |
675 | 748,460 | ||||||
RPM International Inc., 3.75%, 03/15/27 (Call 12/15/26) |
760 | 826,774 | ||||||
Sherwin-Williams Co. (The), 3.45%, 06/01/27 (Call 03/01/27) |
2,300 | 2,493,108 | ||||||
|
|
|||||||
7,154,550 | ||||||||
Commercial Services — 0.6% | ||||||||
Cintas Corp. No. 2, 3.70%, 04/01/27 (Call 01/01/27) |
1,407 | 1,549,811 | ||||||
Leland Stanford Junior University (The), 1.29%, 06/01/27 (Call 04/01/27) |
155 | 153,746 | ||||||
S&P Global Inc., 2.95%, 01/22/27 (Call 10/22/26) |
1,162 | 1,237,507 | ||||||
United Rentals North America Inc., 3.88%, 11/15/27 (Call 11/15/22) |
175 | 183,160 | ||||||
|
|
|||||||
3,124,224 | ||||||||
Computers — 3.6% | ||||||||
Apple Inc. |
||||||||
2.90%, 09/12/27 (Call 06/12/27) |
2,379 | 2,542,533 | ||||||
3.00%, 06/20/27 (Call 03/20/27) |
1,114 | 1,201,315 | ||||||
3.00%, 11/13/27 (Call 08/13/27) |
2,017 | 2,169,203 | ||||||
3.20%, 05/11/27 (Call 02/11/27) |
2,358 | 2,552,724 | ||||||
3.35%, 02/09/27 (Call 11/09/26) |
2,652 | 2,888,373 | ||||||
Dell International LLC/EMC Corp., 6.10%, 07/15/27 (Call 05/15/27) |
964 | 1,172,214 | ||||||
HP Inc., 3.00%, 06/17/27 (Call 04/17/27)(a) |
1,477 | 1,563,478 | ||||||
International Business Machines Corp. |
||||||||
1.70%, 05/15/27 (Call 03/15/27) |
1,773 | 1,772,592 | ||||||
3.30%, 01/27/27(a) |
751 | 812,950 | ||||||
6.22%, 08/01/27 |
610 | 754,698 | ||||||
NetApp Inc., 2.38%, 06/22/27 (Call 04/22/27) |
1,187 | 1,218,432 | ||||||
|
|
|||||||
18,648,512 | ||||||||
Cosmetics & Personal Care — 0.8% | ||||||||
Estee Lauder Companies Inc. (The), 3.15%, 03/15/27 (Call 12/15/26) |
605 | 654,217 | ||||||
Procter & Gamble Co. (The) |
||||||||
2.80%, 03/25/27 |
784 | 835,814 | ||||||
2.85%, 08/11/27(a) |
1,083 | 1,162,546 | ||||||
Unilever Capital Corp., 2.90%, 05/05/27 (Call 02/05/27) |
1,344 | 1,431,508 | ||||||
|
|
|||||||
4,084,085 | ||||||||
Diversified Financial Services — 5.8% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
3.65%, 07/21/27 (Call 04/21/27)(a) |
1,381 | 1,462,106 | ||||||
4.63%, 10/15/27 (Call 08/15/27)(a) |
825 | 917,697 | ||||||
Air Lease Corp. |
||||||||
3.63%, 04/01/27 (Call 01/01/27) |
757 | 804,737 | ||||||
3.63%, 12/01/27 (Call 09/01/27)(a) |
695 | 737,638 | ||||||
American Express Credit Corp., 3.30%, 05/03/27 (Call 04/03/27) |
2,818 | 3,069,957 | ||||||
Andrew W Mellon Foundation (The), Series 2020, 0.95%, 08/01/27 (Call 06/01/27) |
110 | 107,028 |
Security |
Par (000) |
Value | ||||||
Diversified Financial Services (continued) | ||||||||
Capital One Financial Corp. |
||||||||
3.65%, 05/11/27 (Call 04/11/27) |
$ | 1,247 | $ | 1,356,312 | ||||
3.75%, 03/09/27 (Call 02/09/27) |
2,159 | 2,353,245 | ||||||
Cboe Global Markets Inc., 3.65%, 01/12/27 (Call 10/12/26) |
992 | 1,086,498 | ||||||
Charles Schwab Corp. (The) |
||||||||
3.20%, 03/02/27 (Call 12/02/26) |
1,052 | 1,132,741 | ||||||
3.30%, 04/01/27 (Call 01/01/27)(a) |
1,460 | 1,573,442 | ||||||
Discover Financial Services, 4.10%, 02/09/27 (Call 11/09/26) |
1,704 | 1,874,076 | ||||||
Eaton Vance Corp., 3.50%, 04/06/27 (Call 01/06/27) |
543 | 588,172 | ||||||
GE Capital Funding LLC, 4.05%, 05/15/27 (Call 03/15/27) |
1,455 | 1,622,034 | ||||||
Intercontinental Exchange Inc., 3.10%, 09/15/27 (Call 06/15/27) |
1,070 | 1,142,942 | ||||||
Jefferies Group LLC, 6.45%, 06/08/27(a) |
515 | 634,470 | ||||||
Jefferies Group LLC/Jefferies Group Capital Finance Inc., 4.85%, 01/15/27(a) |
1,261 | 1,443,744 | ||||||
Lazard Group LLC, 3.63%, 03/01/27 (Call 12/01/26) |
400 | 431,892 | ||||||
Mastercard Inc., 3.30%, 03/26/27 (Call 01/26/27) |
1,793 | 1,947,575 | ||||||
ORIX Corp., 3.70%, 07/18/27 |
401 | 439,396 | ||||||
Synchrony Financial, 3.95%, 12/01/27 (Call 09/01/27) |
1,636 | 1,783,060 | ||||||
Visa Inc. |
||||||||
0.75%, 08/15/27 (Call 06/15/27)(a) |
462 | 444,074 | ||||||
1.90%, 04/15/27 (Call 02/15/27) |
1,833 | 1,866,416 | ||||||
2.75%, 09/15/27 (Call 06/15/27) |
1,208 | 1,289,238 | ||||||
|
|
|||||||
30,108,490 | ||||||||
Electric — 4.8% | ||||||||
American Electric Power Co. Inc., 3.20%, 11/13/27 (Call 08/13/27)(a) |
865 | 924,642 | ||||||
Appalachian Power Co., Series X, 3.30%, 06/01/27 (Call 03/01/27)(a) |
552 | 594,311 | ||||||
Arizona Public Service Co., 2.95%, 09/15/27 (Call 06/15/27)(a) |
229 | 242,124 | ||||||
Black Hills Corp., 3.15%, 01/15/27 (Call 07/15/26)(a) |
601 | 634,704 | ||||||
CenterPoint Energy Houston Electric LLC, Series AA, 3.00%, 02/01/27 (Call 11/01/26)(a) |
438 | 465,922 | ||||||
CMS
Energy Corp., 3.45%, 08/15/27 |
537 | 582,382 | ||||||
Commonwealth Edison Co., Series 122, 2.95%, 08/15/27 (Call 05/15/27) |
490 | 522,291 | ||||||
Connecticut Light & Power Co. (The), Series A, 3.20%, 03/15/27 (Call 12/15/26) |
496 | 535,199 | ||||||
Consolidated Edison Co. of New York Inc., Series B, 3.13%, 11/15/27 (Call 08/15/27) |
526 | 559,254 | ||||||
Dominion Energy Inc., Series B, 3.60%, 03/15/27 (Call 01/15/27) |
462 | 503,562 | ||||||
Duke Energy Corp., 3.15%, 08/15/27 (Call 05/15/27) |
1,123 | 1,195,838 | ||||||
Duke Energy Florida LLC, 3.20%, 01/15/27 (Call 10/15/26)(a) |
814 | 874,472 | ||||||
Edison
International, 5.75%, 06/15/27 |
865 | 992,241 | ||||||
Entergy Louisiana LLC, 3.12%, 09/01/27 (Call 06/01/27) |
666 | 709,363 | ||||||
Evergy Kansas Central Inc., 3.10%, 04/01/27 (Call 01/01/27) |
200 | 213,172 | ||||||
Georgia Power Co., 3.25%, 03/30/27 (Call 12/30/26) |
585 | 624,897 | ||||||
Gulf Power Co., Series A, 3.30%, 05/30/27 (Call 02/28/27)(a) |
801 | 865,096 | ||||||
ITC Holdings Corp., 3.35%, 11/15/27 (Call 08/15/27) |
665 | 715,540 | ||||||
MidAmerican Energy Co., 3.10%, 05/01/27 (Call 02/01/27) |
643 | 691,244 | ||||||
National Rural Utilities Cooperative Finance Corp., 3.05%, 04/25/27 (Call 01/25/27) |
739 | 789,067 | ||||||
NextEra Energy Capital Holdings Inc., 3.55%, 05/01/27 (Call 02/01/27) |
1,987 | 2,154,703 | ||||||
NSTAR Electric Co., 3.20%, 05/15/27 (Call 02/15/27) |
1,129 | 1,218,338 | ||||||
Pacific Gas and Electric Co. |
||||||||
2.10%, 08/01/27 (Call 06/01/27) |
1,443 | 1,400,157 | ||||||
3.30%, 03/15/27 (Call 12/15/26) |
390 | 399,434 | ||||||
3.30%, 12/01/27 (Call 09/01/27) |
1,697 | 1,736,286 |
70 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Electric (continued) | ||||||||
Public
Service Electric & Gas Co.,
3.00%, 05/15/27 |
$ | 562 | $ | 601,964 | ||||
Sempra Energy, 3.25%, 06/15/27 (Call 03/15/27) |
1,197 | 1,277,534 | ||||||
Union
Electric Co., 2.95%, 06/15/27 |
703 | 745,517 | ||||||
Virginia Electric & Power Co., Series A, 3.50%, 03/15/27 (Call 12/15/26) |
1,083 | 1,178,716 | ||||||
WEC Energy Group Inc., 1.38%, 10/15/27 (Call 08/15/27) |
735 | 714,111 | ||||||
Wisconsin Power and Light Co., 3.05%, 10/15/27 (Call 07/15/27) |
561 | 594,783 | ||||||
|
|
|||||||
25,256,864 | ||||||||
Electrical Components & Equipment — 0.1% | ||||||||
Emerson Electric Co., 1.80%, 10/15/27 (Call 08/15/27) |
572 | 575,255 | ||||||
|
|
|||||||
Electronics — 0.7% | ||||||||
Allegion U.S. Holding Co. Inc., 3.55%, 10/01/27 (Call 07/01/27) |
565 | 603,917 | ||||||
Honeywell International Inc., 1.10%, 03/01/27 (Call 02/01/27)(a) |
707 | 694,571 | ||||||
Hubbell Inc., 3.15%, 08/15/27 (Call 05/15/27) |
110 | 116,898 | ||||||
Keysight Technologies Inc., 4.60%, 04/06/27 (Call 01/06/27) |
1,352 | 1,531,519 | ||||||
Tyco Electronics Group SA, 3.13%, 08/15/27 (Call 05/15/27)(a) |
746 | 806,508 | ||||||
|
|
|||||||
3,753,413 | ||||||||
Environmental Control — 0.4% | ||||||||
Republic Services Inc., 3.38%, 11/15/27 (Call 08/15/27) |
1,029 | 1,110,229 | ||||||
Waste Management Inc., 3.15%, 11/15/27 (Call 08/15/27) |
835 | 895,847 | ||||||
|
|
|||||||
2,006,076 | ||||||||
Food — 1.7% | ||||||||
Conagra Brands Inc., 1.38%, 11/01/27 (Call 09/01/27) |
1,388 | 1,336,255 | ||||||
General Mills Inc., 3.20%, 02/10/27 (Call 11/10/26) |
827 | 886,668 | ||||||
JM Smucker Co. (The), 3.38%, 12/15/27 (Call 09/15/27)(a) |
599 | 647,201 | ||||||
Kellogg Co., 3.40%, 11/15/27 (Call 08/15/27)(a) |
883 | 953,808 | ||||||
Kroger Co. (The), 3.70%, 08/01/27 (Call 05/01/27) |
891 | 977,472 | ||||||
McCormick & Co. Inc./MD, 3.40%, 08/15/27 (Call 05/15/27) |
1,164 | 1,262,754 | ||||||
Sysco Corp., 3.25%, 07/15/27 (Call 04/15/27) |
1,068 | 1,143,604 | ||||||
Tyson Foods Inc., 3.55%, 06/02/27 (Call 03/02/27)(a) |
1,664 | 1,813,943 | ||||||
|
|
|||||||
9,021,705 | ||||||||
Forest Products & Paper — 0.3% | ||||||||
Celulosa Arauco y Constitucion SA, 3.88%, 11/02/27 (Call 08/02/27) |
685 | 729,915 | ||||||
Fibria Overseas Finance Ltd., 5.50%, 01/17/27(a) |
883 | 989,596 | ||||||
|
|
|||||||
1,719,511 | ||||||||
Gas — 0.5% | ||||||||
Atmos Energy Corp., 3.00%, 06/15/27 (Call 03/15/27)(a) |
488 | 519,827 | ||||||
National Fuel Gas Co., 3.95%, 09/15/27 (Call 06/15/27) |
385 | 411,426 | ||||||
NiSource Inc., 3.49%, 05/15/27 (Call 02/15/27)(a) |
1,697 | 1,835,730 | ||||||
|
|
|||||||
2,766,983 | ||||||||
Hand & Machine Tools — 0.0% | ||||||||
Snap-On Inc., 3.25%, 03/01/27 (Call 12/01/26)(a) |
105 | 113,672 | ||||||
|
|
|||||||
Health Care - Products — 0.4% | ||||||||
Medtronic Global Holdings SCA, 3.35%, 04/01/27 (Call 01/01/27)(a) |
819 | 885,658 | ||||||
Thermo Fisher Scientific Inc., 3.20%, 08/15/27 (Call 05/15/27)(a) |
1,346 | 1,449,131 | ||||||
|
|
|||||||
2,334,789 | ||||||||
Health Care - Services — 2.2% | ||||||||
Anthem Inc., 3.65%, 12/01/27 (Call 09/01/27) |
2,388 | 2,620,353 | ||||||
HCA Inc., 4.50%, 02/15/27 (Call 08/15/26) |
1,917 | 2,125,493 |
Security | Par (000) |
Value | ||||||
Health Care - Services (continued) | ||||||||
Humana Inc. |
||||||||
1.35%, 02/03/27 (Call 01/03/27) |
$ | 603 | $ | 587,153 | ||||
3.95%, 03/15/27 (Call 12/15/26)(a) |
1,113 | 1,225,613 | ||||||
Kaiser Foundation Hospitals, 3.15%, 05/01/27 (Call 02/01/27) |
615 | 659,403 | ||||||
Laboratory Corp. of America Holdings, 3.60%, 09/01/27 (Call 06/01/27) |
1,076 | 1,167,815 | ||||||
SSM Health Care Corp., Series A, 3.82%, 06/01/27 (Call 03/01/27)(a) |
120 | 132,457 | ||||||
UnitedHealth Group Inc. |
||||||||
2.95%, 10/15/27(a) |
994 | 1,066,095 | ||||||
3.38%, 04/15/27(a) |
922 | 1,006,142 | ||||||
3.45%, 01/15/27 |
1,091 | 1,191,328 | ||||||
|
|
|||||||
11,781,852 | ||||||||
Holding Companies - Diversified — 0.7% | ||||||||
Blackstone Secured Lending Fund, 2.13%, 02/15/27 (Call 01/15/27)(b) |
1,005 | 984,156 | ||||||
FS KKR Capital Corp., 2.63%, 01/15/27 (Call 12/15/26) |
630 | 623,857 | ||||||
Golub Capital BDC Inc., 2.05%, 02/15/27 (Call 01/15/27) |
45 | 43,746 | ||||||
Oaktree Specialty Lending Corp., 2.70%, 01/15/27 (Call 12/15/26) |
555 | 551,232 | ||||||
Owl Rock Capital Corp., 2.63%, 01/15/27 (Call 12/15/26) |
820 | 810,086 | ||||||
Owl Rock Capital Corp. III, 3.13%, 04/13/27 (Call 03/13/27)(b) |
600 | 592,428 | ||||||
Owl Rock Technology Finance Corp., 2.50%, 01/15/27 (Call 12/15/26)(a) |
255 | 252,629 | ||||||
|
|
|||||||
3,858,134 | ||||||||
Home Builders — 0.8% | ||||||||
DR Horton Inc., 1.40%, 10/15/27 (Call 08/15/27)(a) |
693 | 672,473 | ||||||
Lennar Corp. |
||||||||
4.75%, 11/29/27 (Call 05/29/27)(a) |
1,180 | 1,345,566 | ||||||
5.00%, 06/15/27 (Call 12/15/26)(a) |
855 | 979,385 | ||||||
PulteGroup Inc., 5.00%, 01/15/27 (Call 10/15/26)(a) |
865 | 991,247 | ||||||
|
|
|||||||
3,988,671 | ||||||||
Home Furnishings — 0.1% | ||||||||
Leggett & Platt Inc., 3.50%, 11/15/27 (Call 08/15/27) |
737 | 793,204 | ||||||
|
|
|||||||
Household Products & Wares — 0.4% | ||||||||
Church & Dwight Co. Inc., 3.15%, 08/01/27 (Call 05/01/27) |
599 | 642,386 | ||||||
Clorox Co. (The), 3.10%, 10/01/27 (Call 07/01/27) |
943 | 1,008,934 | ||||||
Kimberly-Clark Corp., 1.05%, 09/15/27 (Call 07/15/27)(a) |
504 | 488,336 | ||||||
|
|
|||||||
2,139,656 | ||||||||
Insurance — 1.6% | ||||||||
American Equity Investment Life Holding Co., 5.00%, 06/15/27 (Call 03/15/27)(a) |
887 | 1,009,069 | ||||||
Aon Corp., 8.21%, 01/01/27 |
555 | 712,365 | ||||||
AXIS Specialty Finance PLC, 4.00%, 12/06/27 (Call 09/06/27)(a) |
713 | 786,410 | ||||||
Brighthouse Financial Inc., 3.70%, 06/22/27 (Call 03/22/27)(a) |
1,810 | 1,961,805 | ||||||
CNA Financial Corp., 3.45%, 08/15/27 (Call 05/15/27) |
1,004 | 1,088,677 | ||||||
Manulife Financial Corp., 2.48%, 05/19/27 (Call 03/19/27) |
912 | 943,710 | ||||||
Markel
Corp., 3.50%, 11/01/27 |
223 | 241,228 | ||||||
Mercury General Corp., 4.40%, 03/15/27 (Call 12/15/26) |
476 | 526,370 | ||||||
Progressive Corp. (The), 2.45%, 01/15/27 |
643 | 676,674 | ||||||
RenaissanceRe Finance Inc., 3.45%, 07/01/27 (Call 04/01/27)(a) |
470 | 505,725 | ||||||
|
|
|||||||
8,452,033 | ||||||||
Internet — 2.9% | ||||||||
Alibaba Group Holding Ltd., 3.40%, 12/06/27 (Call 09/06/27) |
3,265 | 3,466,287 | ||||||
Alphabet Inc., 0.80%, 08/15/27 (Call 06/15/27)(a) |
1,377 | 1,323,559 | ||||||
Amazon.com Inc. |
||||||||
1.20%, 06/03/27 (Call 04/03/27) |
1,034 | 1,016,329 |
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, 2021 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Internet (continued) | ||||||||
3.15%, 08/22/27 (Call 05/22/27) |
$ | 4,590 | $ | 4,973,219 | ||||
Baidu Inc., 3.63%, 07/06/27 |
735 | 792,675 | ||||||
E*TRADE Financial Corp., 3.80%, 08/24/27 (Call 05/24/27) |
842 | 924,701 | ||||||
eBay Inc., 3.60%, 06/05/27 (Call 03/05/27) |
1,623 | 1,769,670 | ||||||
Expedia Group Inc., 4.63%, 08/01/27 (Call 05/01/27) |
996 | 1,115,640 | ||||||
VeriSign Inc., 4.75%, 07/15/27 (Call 07/15/22) |
20 | 20,970 | ||||||
|
|
|||||||
15,403,050 | ||||||||
Iron & Steel — 0.1% | ||||||||
Steel Dynamics Inc., 1.65%, 10/15/27 (Call 08/15/27) |
720 | 703,397 | ||||||
|
|
|||||||
Lodging — 0.1% | ||||||||
Sands
China Ltd., 2.30%, 03/08/27 |
500 | 474,925 | ||||||
|
|
|||||||
Machinery — 0.8% | ||||||||
Caterpillar Financial Services Corp., 1.10%, 09/14/27(a) |
712 | 693,609 | ||||||
CNH Industrial NV, 3.85%, 11/15/27 (Call 08/15/27) |
754 | 827,824 | ||||||
John Deere Capital Corp. |
||||||||
1.75%, 03/09/27 |
541 | 545,295 | ||||||
2.80%, 09/08/27 |
843 | 898,630 | ||||||
Otis Worldwide Corp., 2.29%, 04/05/27 (Call 02/05/27)(a) |
1,140 | 1,169,971 | ||||||
|
|
|||||||
4,135,329 | ||||||||
Manufacturing — 1.4% | ||||||||
3M Co., 2.88%, 10/15/27 (Call 07/15/27)(a) |
1,273 | 1,358,787 | ||||||
Carlisle Companies Inc., 3.75%, 12/01/27 (Call 09/01/27) |
614 | 669,561 | ||||||
Eaton Corp., 3.10%, 09/15/27 (Call 06/15/27) |
1,330 | 1,423,579 | ||||||
General Electric Co., 3.45%, 05/01/27 (Call 03/01/27)(a) |
1,759 | 1,917,345 | ||||||
Parker-Hannifin Corp., 3.25%, 03/01/27 (Call 12/01/26) |
810 | 872,621 | ||||||
Textron Inc., 3.65%, 03/15/27 (Call 12/15/26) |
805 | 875,760 | ||||||
|
|
|||||||
7,117,653 | ||||||||
Media — 1.7% | ||||||||
Comcast Corp. |
||||||||
2.35%, 01/15/27 (Call 10/15/26) |
2,010 | 2,082,802 | ||||||
3.30%, 02/01/27 (Call 11/01/26)(a) |
1,783 | 1,924,374 | ||||||
3.30%, 04/01/27 (Call 02/01/27) |
1,149 | 1,239,817 | ||||||
TWDC Enterprises 18 Corp., 2.95%, 06/15/27(a) |
1,475 | 1,590,980 | ||||||
ViacomCBS Inc., 2.90%, 01/15/27 (Call 10/15/26) |
1,084 | 1,140,021 | ||||||
Walt Disney Co. (The), 3.70%, 03/23/27(a) |
785 | 866,051 | ||||||
|
|
|||||||
8,844,045 | ||||||||
Mining — 0.2% | ||||||||
Kinross
Gold Corp., 4.50%, 07/15/27 |
955 | 1,075,521 | ||||||
|
|
|||||||
Oil & Gas — 4.0% | ||||||||
BP Capital Markets America Inc. |
||||||||
3.02%, 01/16/27 (Call 10/16/26) |
1,003 | 1,064,424 | ||||||
3.54%, 04/06/27 (Call 02/06/27) |
845 | 919,943 | ||||||
3.59%, 04/14/27 (Call 01/14/27) |
960 | 1,047,168 | ||||||
BP Capital Markets PLC, 3.28%, 09/19/27 (Call 06/19/27) |
1,766 | 1,910,388 | ||||||
Canadian Natural Resources Ltd., 3.85%, 06/01/27 (Call 03/01/27) |
1,922 | 2,084,236 | ||||||
Cenovus Energy Inc., 4.25%, 04/15/27 (Call 01/15/27) |
1,177 | 1,292,758 | ||||||
Chevron Corp., 2.00%, 05/11/27 (Call 03/11/27) |
1,377 | 1,405,146 | ||||||
Chevron USA Inc., 1.02%, 08/12/27 (Call 06/12/27) |
1,035 | 1,000,369 | ||||||
ConocoPhillips, 3.75%, 10/01/27 (Call 07/01/27)(b) |
1,689 | 1,858,981 | ||||||
Coterra
Energy Inc., 3.90%, 05/15/27 |
1,228 | 1,338,851 | ||||||
Devon Energy Corp., 5.25%, 10/15/27 (Call 10/15/22)(b) |
593 | 629,013 | ||||||
Eni USA Inc., 7.30%, 11/15/27 |
286 | 364,490 | ||||||
Exxon Mobil Corp., 3.29%, 03/19/27 (Call 01/19/27) |
1,429 | 1,551,794 | ||||||
Hess Corp., 4.30%, 04/01/27 (Call 01/01/27)(a) |
1,381 | 1,514,874 | ||||||
Marathon Oil Corp., 4.40%, 07/15/27 (Call 04/15/27) |
1,633 | 1,812,842 |
Security | Par (000) |
Value | ||||||
Oil & Gas (continued) | ||||||||
Valero
Energy Corp., 2.15%, 09/15/27 |
$ | 1,060 | $ | 1,062,226 | ||||
|
|
|||||||
20,857,503 | ||||||||
Oil & Gas Services — 0.5% | ||||||||
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor Inc., |
|
|||||||
3.34%, 12/15/27 (Call 09/15/27) |
2,210 | 2,383,905 | ||||||
|
|
|||||||
Packaging & Containers — 0.3% | ||||||||
Berry Global Inc., 1.65%, 01/15/27 (Call 12/15/26) |
225 | 220,266 | ||||||
Packaging Corp. of America, 3.40%, 12/15/27 (Call 09/15/27)(a) |
730 | 794,014 | ||||||
WRKCo Inc., 3.38%, 09/15/27 (Call 06/15/27)(a) |
713 | 767,024 | ||||||
|
|
|||||||
1,781,304 | ||||||||
Pharmaceuticals — 5.4% | ||||||||
AmerisourceBergen Corp., 3.45%, 12/15/27 (Call 09/15/27) |
1,008 | 1,086,957 | ||||||
AstraZeneca PLC, 3.13%, 06/12/27 (Call 03/12/27) |
1,163 | 1,250,865 | ||||||
Becton Dickinson and Co., 3.70%, 06/06/27 (Call 03/06/27) |
2,638 | 2,879,641 | ||||||
Bristol-Myers Squibb Co. |
||||||||
1.13%, 11/13/27 (Call 09/13/27) |
413 | 401,696 | ||||||
3.25%, 02/27/27(a) |
1,106 | 1,202,797 | ||||||
3.45%, 11/15/27 (Call 08/15/27) |
1,497 | 1,642,389 | ||||||
Cardinal
Health Inc., 3.41%, 06/15/27 |
1,826 | 1,970,637 | ||||||
Cigna Corp. |
||||||||
3.05%, 10/15/27 (Call 07/15/27) |
1,004 | 1,070,425 | ||||||
3.40%, 03/01/27 (Call 12/01/26) |
1,974 | 2,125,169 | ||||||
CVS Health Corp. |
||||||||
1.30%, 08/21/27 (Call 06/21/27) |
3,186 | 3,088,476 | ||||||
3.63%, 04/01/27 (Call 02/01/27) |
1,302 | 1,419,375 | ||||||
6.25%, 06/01/27 |
391 | 477,126 | ||||||
Eli Lilly & Co., 3.10%, 05/15/27 (Call 02/15/27) |
697 | 746,585 | ||||||
Johnson & Johnson |
||||||||
0.95%, 09/01/27 (Call 07/01/27) |
2,141 | 2,072,873 | ||||||
2.95%, 03/03/27 (Call 12/03/26) |
1,009 | 1,085,200 | ||||||
Novartis Capital Corp. |
||||||||
2.00%, 02/14/27 (Call 12/14/26) |
1,334 | 1,364,122 | ||||||
3.10%, 05/17/27 (Call 02/17/27) |
1,703 | 1,832,751 | ||||||
Viatris Inc., 2.30%, 06/22/27 (Call 04/22/27)(b) |
1,010 | 1,020,554 | ||||||
Zoetis Inc., 3.00%, 09/12/27 (Call 06/12/27) |
1,340 | 1,425,934 | ||||||
|
|
|||||||
28,163,572 | ||||||||
Pipelines — 4.0% | ||||||||
Boardwalk Pipelines LP, 4.45%, 07/15/27 (Call 04/15/27) |
613 | 681,110 | ||||||
Cheniere Corpus Christi Holdings LLC, 5.13%, 06/30/27 (Call 01/01/27) |
2,031 | 2,320,742 | ||||||
Enable Midstream Partners LP, 4.40%, 03/15/27 (Call 12/15/26)(a) |
887 | 969,713 | ||||||
Enbridge Inc., 3.70%, 07/15/27 (Call 04/15/27)(a) |
1,243 | 1,355,529 | ||||||
Energy Transfer LP |
||||||||
4.00%, 10/01/27 (Call 07/01/27) |
1,217 | 1,320,993 | ||||||
4.20%, 04/15/27 (Call 01/15/27) |
720 | 784,764 | ||||||
5.50%, 06/01/27 (Call 03/01/27) |
1,441 | 1,669,370 | ||||||
Enterprise Products Operating LLC, 3.95%, 02/15/27 (Call 11/15/26) |
632 | 697,090 | ||||||
MPLX LP |
||||||||
4.13%, 03/01/27 (Call 12/01/26) |
1,791 | 1,974,739 | ||||||
4.25%, 12/01/27 (Call 09/01/27)(a) |
1,079 | 1,201,056 | ||||||
Northwest Pipeline LLC, 4.00%, 04/01/27 (Call 01/01/27)(a) |
449 | 491,641 | ||||||
ONEOK Inc., 4.00%, 07/13/27 (Call 04/13/27) |
907 | 992,557 | ||||||
Sabine Pass Liquefaction LLC, 5.00%, 03/15/27 (Call 09/15/26) |
2,304 | 2,614,787 | ||||||
TC PipeLines LP, 3.90%, 05/25/27 (Call 02/25/27) |
823 | 906,123 | ||||||
Tennessee Gas Pipeline Co. LLC, 7.00%, 03/15/27 |
437 | 546,897 |
72 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Pipelines (continued) | ||||||||
Williams Companies Inc. (The), 3.75%, 06/15/27 (Call 03/15/27) |
$ | 2,153 | $ | 2,344,014 | ||||
|
|
|||||||
20,871,125 | ||||||||
Real Estate Investment Trusts — 6.6% | ||||||||
Alexandria Real Estate Equities Inc., 3.95%, 01/15/27 (Call 10/15/26) |
753 | 831,305 | ||||||
American Campus Communities Operating Partnership LP, 3.63%, 11/15/27 (Call 08/15/27) |
598 | 646,683 | ||||||
American Tower Corp. |
||||||||
2.75%, 01/15/27 (Call 11/15/26)(a) |
908 | 943,630 | ||||||
3.13%, 01/15/27 (Call 10/15/26)(a) |
737 | 777,594 | ||||||
3.55%, 07/15/27 (Call 04/15/27) |
1,314 | 1,417,096 | ||||||
AvalonBay Communities Inc., 3.35%, 05/15/27 (Call 02/15/27)(a) |
635 | 689,654 | ||||||
Brandywine Operating Partnership LP, 3.95%, 11/15/27 (Call 08/15/27) |
388 | 418,101 | ||||||
Brixmor Operating Partnership LP, 3.90%, 03/15/27 (Call 12/15/26) |
616 | 667,356 | ||||||
Crown Castle International Corp. |
||||||||
3.65%, 09/01/27 (Call 06/01/27) |
1,529 | 1,658,644 | ||||||
4.00%, 03/01/27 (Call 12/01/26) |
891 | 979,646 | ||||||
Digital Realty Trust LP, 3.70%, 08/15/27 (Call 05/15/27)(a) |
1,648 | 1,805,582 | ||||||
Duke Realty LP, 3.38%, 12/15/27 (Call 09/15/27) |
551 | 594,226 | ||||||
EPR Properties, 4.50%, 06/01/27 (Call 03/01/27) |
600 | 645,078 | ||||||
Equinix Inc., 1.80%, 07/15/27 (Call 05/15/27) |
1,047 | 1,041,147 | ||||||
ERP
Operating LP, 3.25%, 08/01/27 |
681 | 733,362 | ||||||
Essex
Portfolio LP, 3.63%, 05/01/27 |
245 | 266,028 | ||||||
Federal Realty Investment Trust, 3.25%, 07/15/27 (Call 04/15/27)(a) |
540 | 577,136 | ||||||
Healthcare Trust of America Holdings LP, 3.75%, 07/01/27 (Call 04/01/27)(a) |
705 | 771,185 | ||||||
Healthpeak Properties Inc., 1.35%, 02/01/27 (Call 01/01/27) |
635 | 622,776 | ||||||
Highwoods Realty LP, 3.88%, 03/01/27 (Call 12/01/26) |
425 | 466,510 | ||||||
Hudson Pacific Properties LP, 3.95%, 11/01/27 (Call 08/01/27)(a) |
480 | 519,317 | ||||||
Kimco Realty Corp., 3.80%, 04/01/27 (Call 01/01/27) |
505 | 555,207 | ||||||
Life Storage LP, 3.88%, 12/15/27 (Call 09/15/27) |
675 | 749,729 | ||||||
Mid-America Apartments LP, 3.60%, 06/01/27 (Call 03/01/27) |
763 | 832,502 | ||||||
National Retail Properties Inc., 3.50%, 10/15/27 (Call 07/15/27) |
500 | 536,620 | ||||||
Office Properties Income Trust, 2.40%, 02/01/27 (Call 01/01/27) |
553 | 540,497 | ||||||
Omega Healthcare Investors Inc., 4.50%, 04/01/27 (Call 01/01/27) |
1,000 | 1,103,810 | ||||||
Physicians Realty LP, 4.30%, 03/15/27 (Call 12/15/26)(a) |
578 | 646,175 | ||||||
Prologis LP, 2.13%, 04/15/27 (Call 02/15/27) |
797 | 815,052 | ||||||
Public Storage, 3.09%, 09/15/27 (Call 06/15/27) |
920 | 992,008 | ||||||
Realty Income Corp., 3.00%, 01/15/27 (Call 10/15/26) |
1,121 | 1,190,558 | ||||||
Regency Centers LP, 3.60%, 02/01/27 (Call 11/01/26) |
765 | 832,305 | ||||||
Simon Property Group LP |
||||||||
1.38%, 01/15/27 (Call 10/15/26)(a) |
695 | 682,601 | ||||||
3.38%, 06/15/27 (Call 03/15/27) |
1,077 | 1,163,139 | ||||||
3.38%, 12/01/27 (Call 09/01/27) |
1,107 | 1,191,763 | ||||||
SITE Centers Corp., 4.70%, 06/01/27 (Call 03/01/27) |
713 | 796,036 | ||||||
Spirit Realty LP, 3.20%, 01/15/27 (Call 11/15/26) |
635 | 669,087 | ||||||
Tanger Properties LP, 3.88%, 07/15/27 (Call 04/15/27)(a) |
410 | 442,144 | ||||||
UDR Inc., 3.50%, 07/01/27 (Call 04/01/27) |
536 | 579,904 | ||||||
Ventas Realty LP, 3.85%, 04/01/27 (Call 01/01/27) |
690 | 755,674 | ||||||
VEREIT Operating Partnership LP, 3.95%, 08/15/27 (Call 05/15/27) |
1,020 | 1,128,997 | ||||||
Welltower Inc., 2.70%, 02/15/27 (Call 12/15/26)(a) |
505 | 527,063 |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
Weyerhaeuser Co., 6.95%, 10/01/27 |
$ | 500 | $ | 632,065 | ||||
|
|
|||||||
34,434,992 | ||||||||
Retail — 3.5% | ||||||||
Advance Auto Parts Inc., 1.75%, 10/01/27 (Call 08/01/27) |
802 | 788,061 | ||||||
AutoNation Inc., 3.80%, 11/15/27 (Call 08/15/27) |
340 | 368,852 | ||||||
AutoZone Inc., 3.75%, 06/01/27 (Call 03/01/27) |
963 | 1,059,724 | ||||||
Costco Wholesale Corp. |
||||||||
1.38%, 06/20/27 (Call 04/20/27) |
1,698 | 1,684,127 | ||||||
3.00%, 05/18/27 (Call 02/18/27)(a) |
1,439 | 1,558,595 | ||||||
Darden Restaurants Inc., 3.85%, 05/01/27 (Call 02/01/27)(a) |
978 | 1,062,920 | ||||||
Dollar
General Corp., 3.88%, 04/15/27 |
1,005 | 1,110,666 | ||||||
Home Depot Inc. (The) |
||||||||
2.50%, 04/15/27 (Call 02/15/27) |
1,155 | 1,212,565 | ||||||
2.80%, 09/14/27 (Call 06/14/27)(a) |
1,751 | 1,864,360 | ||||||
Lowe’s Companies Inc., 3.10%, 05/03/27 (Call 02/03/27)(a) |
2,140 | 2,289,993 | ||||||
McDonald’s Corp. |
||||||||
3.50%, 03/01/27 (Call 12/01/26) |
1,402 | 1,526,568 | ||||||
3.50%, 07/01/27 (Call 05/01/27) |
1,553 | 1,691,776 | ||||||
O’Reilly Automotive Inc., 3.60%, 09/01/27 (Call 06/01/27)(a) |
1,346 | 1,477,221 | ||||||
Starbucks Corp., 2.00%, 03/12/27 (Call 01/12/27) |
852 | 861,415 | ||||||
|
|
|||||||
18,556,843 | ||||||||
Semiconductors — 3.4% | ||||||||
Applied Materials Inc., 3.30%, 04/01/27 (Call 01/01/27)(a) |
2,007 | 2,177,976 | ||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.88%, 01/15/27 (Call 10/15/26) |
4,347 | 4,709,800 | ||||||
Intel Corp. |
||||||||
3.15%, 05/11/27 (Call 02/11/27)(a) |
1,922 | 2,077,317 | ||||||
3.75%, 03/25/27 (Call 01/25/27)(a) |
941 | 1,040,793 | ||||||
Maxim Integrated Products Inc., 3.45%, 06/15/27 (Call 03/15/27)(a) |
775 | 840,976 | ||||||
Micron Technology Inc., 4.19%, 02/15/27 (Call 12/15/26)(a) |
1,426 | 1,572,279 | ||||||
NXP BV/NXP Funding LLC/NXP USA Inc., 3.15%, 05/01/27 (Call 03/01/27)(b) |
985 | 1,040,406 | ||||||
QUALCOMM Inc., 3.25%, 05/20/27 (Call 02/20/27) |
3,056 | 3,308,884 | ||||||
Texas Instruments Inc., 2.90%, 11/03/27 (Call 08/03/27) |
1,003 | 1,081,776 | ||||||
|
|
|||||||
17,850,207 | ||||||||
Shipbuilding — 0.2% | ||||||||
Huntington Ingalls Industries Inc., 3.48%, 12/01/27 (Call 09/01/27) |
1,031 | 1,099,407 | ||||||
|
|
|||||||
Software — 4.5% | ||||||||
Activision Blizzard Inc., 3.40%, 06/15/27 (Call 03/15/27) |
869 | 939,571 | ||||||
Adobe Inc., 2.15%, 02/01/27 (Call 12/01/26) |
1,343 | 1,388,931 | ||||||
Autodesk Inc., 3.50%, 06/15/27 (Call 03/15/27)(a) |
1,031 | 1,119,305 | ||||||
Citrix Systems Inc., 4.50%, 12/01/27 (Call 09/01/27)(a) |
1,228 | 1,321,488 | ||||||
Fiserv Inc., 2.25%, 06/01/27 (Call 04/01/27)(a) |
1,745 | 1,772,536 | ||||||
Intuit Inc., 1.35%, 07/15/27 (Call 05/15/27) |
912 | 894,125 | ||||||
Microsoft Corp., 3.30%, 02/06/27 (Call 11/06/26) |
4,503 | 4,912,458 | ||||||
Oracle Corp. |
||||||||
2.80%, 04/01/27 (Call 02/01/27) |
2,743 | 2,865,036 | ||||||
3.25%, 11/15/27 (Call 08/15/27) |
3,822 | 4,081,055 | ||||||
Roper Technologies Inc., 1.40%, 09/15/27 (Call 07/15/27) |
1,124 | 1,091,415 | ||||||
VMware Inc. |
||||||||
3.90%, 08/21/27 (Call 05/21/27) |
1,840 | 2,018,186 | ||||||
4.65%, 05/15/27 (Call 03/15/27) |
920 | 1,041,946 | ||||||
|
|
|||||||
23,446,052 | ||||||||
Telecommunications — 4.4% | ||||||||
AT&T Inc. |
||||||||
2.30%, 06/01/27 (Call 04/01/27) |
2,324 | 2,374,477 | ||||||
3.80%, 02/15/27 (Call 11/15/26) |
1,581 | 1,728,776 |
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, 2021 |
iShares® iBonds® Dec 2027 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Telecommunications (continued) | ||||||||
4.25%, 03/01/27 (Call 12/01/26) |
$ | 2,336 | $ | 2,607,513 | ||||
Telefonica Emisiones SA, 4.10%, 03/08/27 |
2,190 | 2,426,673 | ||||||
TELUS Corp. |
||||||||
2.80%, 02/16/27 (Call 11/16/26) |
799 | 838,303 | ||||||
3.70%, 09/15/27 (Call 06/15/27)(a) |
997 | 1,095,843 | ||||||
T-Mobile USA Inc., 3.75%, 04/15/27 (Call 02/15/27) |
5,311 | 5,764,347 | ||||||
Verizon Communications Inc. |
||||||||
3.00%, 03/22/27 (Call 01/22/27) |
1,234 | 1,305,844 | ||||||
4.13%, 03/16/27 |
4,216 | 4,707,965 | ||||||
|
|
|||||||
22,849,741 | ||||||||
Toys, Games & Hobbies — 0.2% | ||||||||
Hasbro Inc., 3.50%, 09/15/27 (Call 06/15/27)(a) |
838 | 902,668 | ||||||
|
|
|||||||
Transportation — 1.4% | ||||||||
Burlington Northern Santa Fe LLC, 3.25%, 06/15/27 (Call 03/15/27)(a) |
1,219 | 1,328,028 | ||||||
CSX Corp., 3.25%, 06/01/27 (Call 03/01/27) |
1,605 | 1,725,536 | ||||||
Norfolk Southern Corp. |
||||||||
3.15%, 06/01/27 (Call 03/01/27)(a) |
880 | 945,129 | ||||||
7.80%, 05/15/27(a) |
148 | 193,896 | ||||||
Union Pacific Corp. |
||||||||
2.15%, 02/05/27 (Call 12/05/26)(a) |
886 | 910,471 | ||||||
3.00%, 04/15/27 (Call 01/15/27) |
792 | 844,335 | ||||||
United Parcel Service Inc., 3.05%, 11/15/27 (Call 08/15/27)(a) |
1,500 | 1,626,870 | ||||||
|
|
|||||||
7,574,265 | ||||||||
Trucking & Leasing — 0.1% | ||||||||
GATX Corp., 3.85%, 03/30/27 (Call 12/30/26) |
475 | 517,987 | ||||||
|
|
|||||||
Water — 0.2% | ||||||||
American Water Capital Corp., 2.95%, 09/01/27 (Call 06/01/27)(a) |
787 | 835,841 | ||||||
|
|
|||||||
Total Corporate Bonds & Notes — 98.7% (Cost: $506,942,531) |
515,830,208 | |||||||
|
|
Security | Shares (000) |
Value | ||||||
Short-Term Investments |
||||||||
Money Market Funds — 11.3% |
||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(c)(d)(e) |
56,441 | $ | 56,469,640 | |||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d) |
2,717 | 2,717,000 | ||||||
|
|
|||||||
59,186,640 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 11.3% |
|
59,186,640 | ||||||
|
|
|||||||
Total
Investments in Securities — 110.0% |
|
575,016,848 | ||||||
Other Assets, Less Liabilities — (10.0)% |
|
(52,148,055 | ) | |||||
|
|
|||||||
Net Assets — 100.0% |
$ | 522,868,793 | ||||||
|
|
(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, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/21 |
Shares Held at 10/31/21 (000) |
Income | Capital
Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 16,020,645 | $ | 40,454,448 | (a) | $ | — | $ | (3,072 | ) | $ | (2,381 | ) | $ | 56,469,640 | 56,441 | $ | 75,875 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
1,047,000 | 1,670,000 | (a) | — | — | — | 2,717,000 | 2,717 | 350 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (3,072 | ) | $ | (2,381 | ) | $ | 59,186,640 | $ | 76,225 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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.
74 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2027 Term Corporate ETF
|
Fair Value Hierarchy as of Period End (continued)
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investments |
||||||||||||||||
Assets |
||||||||||||||||
Corporate Bonds & Notes |
$ | — | $ | 515,830,208 | $ | — | $ | 515,830,208 | ||||||||
Money Market Funds |
59,186,640 | — | — | 59,186,640 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 59,186,640 | $ | 515,830,208 | $ | — | $ | 575,016,848 | |||||||||
|
|
|
|
|
|
|
|
See notes to financial statements.
S C H E D U L E O F I N V E S T M E N T S |
75 |
Schedule of Investments October 31, 2021 |
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) |
$ | 473 | $ | 550,142 | ||||
|
|
|||||||
Aerospace & Defense — 3.7% | ||||||||
Boeing Co. (The) |
||||||||
3.25%, 02/01/28 (Call 12/01/27) |
795 | 832,373 | ||||||
3.25%, 03/01/28 (Call 12/01/27) |
545 | 568,092 | ||||||
3.45%, 11/01/28 (Call 08/01/28) |
510 | 538,167 | ||||||
General Dynamics Corp., 3.75%, 05/15/28 (Call 02/15/28)(a) |
937 | 1,048,278 | ||||||
L3Harris Technologies Inc., 4.40%, 06/15/28 (Call 03/15/28) |
1,886 | 2,150,509 | ||||||
Northrop Grumman Corp., 3.25%, 01/15/28 (Call 10/15/27) |
1,816 | 1,955,015 | ||||||
Raytheon Technologies Corp. |
||||||||
4.13%, 11/16/28 (Call 08/16/28) |
2,935 | 3,326,206 | ||||||
6.70%, 08/01/28 |
235 | 303,133 | ||||||
Teledyne Technologies Inc., 2.25%, 04/01/28 (Call 02/01/28) |
441 | 443,589 | ||||||
|
|
|||||||
11,165,362 | ||||||||
Agriculture — 0.8% | ||||||||
BAT Capital Corp., 2.26%, 03/25/28 (Call 01/25/28) |
1,871 | 1,834,291 | ||||||
Philip Morris International Inc., 3.13%, 03/02/28 (Call 12/02/27) |
634 | 676,871 | ||||||
|
|
|||||||
2,511,162 | ||||||||
Airlines — 0.4% | ||||||||
American Airlines Pass Through Trust |
||||||||
Series 2016-1, Class AA, 3.58%, 07/15/29 |
190 | 197,493 | ||||||
Series 2016-2, Class AA, 3.20%, 12/15/29 |
275 | 278,485 | ||||||
Series 2016-3, Class AA, 3.00%, 04/15/30(a) |
135 | 136,830 | ||||||
Delta Air Lines Pass Through Trust, Series 2020, Class AA, 2.00%, 12/10/29 |
188 | 187,643 | ||||||
Spirit Airlines Pass Through Trust, Series 2015-1, Class A, 4.10%, 10/01/29 |
172 | 179,382 | ||||||
United Airlines Pass Through Trust |
||||||||
Series 2016-1, Class AA, 3.10%, 01/07/30 |
174 | 180,342 | ||||||
Series 2016-2, Class AA, 2.88%, 04/07/30 |
189 | 193,009 | ||||||
|
|
|||||||
1,353,184 | ||||||||
Auto Manufacturers — 1.5% | ||||||||
American Honda Finance Corp. |
||||||||
2.00%, 03/24/28 |
251 | 253,319 | ||||||
3.50%, 02/15/28 |
510 | 562,239 | ||||||
General Motors Co., 5.00%, 10/01/28 (Call 07/01/28) |
854 | 981,682 | ||||||
General Motors Financial Co. Inc. |
||||||||
2.40%, 04/10/28 (Call 02/10/28) |
555 | 554,206 | ||||||
2.40%, 10/15/28 (Call 08/15/28) |
500 | 496,715 | ||||||
3.85%, 01/05/28 (Call 10/05/27) |
525 | 569,462 | ||||||
Toyota Motor Corp., 3.67%, 07/20/28 |
507 | 565,523 | ||||||
Toyota Motor Credit Corp. |
||||||||
1.90%, 04/06/28(a) |
375 | 376,650 | ||||||
3.05%, 01/11/28 |
186 | 200,888 | ||||||
|
|
|||||||
4,560,684 | ||||||||
Banks — 10.5% | ||||||||
Banco Santander SA |
||||||||
3.80%, 02/23/28 |
950 | 1,038,616 | ||||||
4.38%, 04/12/28 |
940 | 1,058,045 | ||||||
Bank of New York Mellon Corp. (The) |
||||||||
1.65%, 07/14/28 (Call 05/14/28) |
120 | 118,463 | ||||||
3.00%, 10/30/28 (Call 07/30/28) |
710 | 761,617 | ||||||
3.40%, 01/29/28 (Call 10/29/27) |
869 | 949,756 | ||||||
3.85%, 04/28/28 |
499 | 563,191 |
Security | Par (000) |
Value | ||||||
Banks (continued) | ||||||||
Barclays PLC |
||||||||
4.34%, 01/10/28 (Call 01/10/27) |
$ | 1,220 | $ | 1,343,879 | ||||
4.84%, 05/09/28 (Call 05/07/27) |
1,905 | 2,122,303 | ||||||
Citigroup Inc. |
||||||||
4.13%, 07/25/28 |
2,134 | 2,367,694 | ||||||
6.63%, 01/15/28(a) |
315 | 399,263 | ||||||
Discover Bank, 4.65%, 09/13/28 (Call 06/13/28) |
985 | 1,136,552 | ||||||
Fifth
Third Bancorp., 3.95%, 03/14/28 |
868 | 977,368 | ||||||
ING Groep NV, 4.55%, 10/02/28 |
1,190 | 1,377,889 | ||||||
KeyBank N.A./Cleveland OH, 6.95%, 02/01/28 |
200 | 253,566 | ||||||
KeyCorp., 4.10%, 04/30/28 |
913 | 1,034,758 | ||||||
Lloyds Banking Group PLC |
||||||||
4.38%, 03/22/28 |
1,585 | 1,789,417 | ||||||
4.55%, 08/16/28 |
1,200 | 1,374,888 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
3.96%, 03/02/28 |
1,291 | 1,438,742 | ||||||
4.05%, 09/11/28 |
940 | 1,058,130 | ||||||
Mizuho Financial Group Inc., 4.02%, 03/05/28 |
1,130 | 1,264,662 | ||||||
Northern Trust Corp., 3.65%, 08/03/28 (Call 05/03/28) |
667 | 744,739 | ||||||
PNC Bank N.A. |
||||||||
3.25%, 01/22/28 (Call 12/23/27) |
750 | 815,573 | ||||||
4.05%, 07/26/28 |
1,275 | 1,441,324 | ||||||
Regions Financial Corp., 1.80%, 08/12/28 (Call 06/12/28) |
320 | 313,347 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
1.90%, 09/17/28 |
1,265 | 1,234,488 | ||||||
3.54%, 01/17/28 |
571 | 621,414 | ||||||
3.94%, 07/19/28 |
604 | 673,170 | ||||||
4.31%, 10/16/28(a) |
831 | 946,717 | ||||||
SVB Financial Group, 2.10%, 05/15/28 (Call 03/15/28) |
280 | 279,888 | ||||||
U.S. Bancorp., 3.90%, 04/26/28 (Call 03/24/28) |
1,069 | 1,206,260 | ||||||
Westpac Banking Corp., 3.40%, 01/25/28 |
1,179 | 1,292,396 | ||||||
|
|
|||||||
31,998,115 | ||||||||
Beverages — 2.7% | ||||||||
Anheuser-Busch InBev Worldwide Inc., 4.00%, 04/13/28 (Call 01/13/28) |
2,545 | 2,861,980 | ||||||
Coca-Cola Co. (The) |
||||||||
1.00%, 03/15/28(a) |
654 | 625,597 | ||||||
1.50%, 03/05/28(a) |
455 | 448,694 | ||||||
Constellation Brands Inc. |
||||||||
3.60%, 02/15/28 (Call 11/15/27)(a) |
654 | 715,692 | ||||||
4.65%, 11/15/28 (Call 08/15/28) |
615 | 710,909 | ||||||
Diageo Capital PLC, 3.88%, 05/18/28 (Call 02/18/28) |
525 | 590,882 | ||||||
Keurig Dr Pepper Inc., 4.60%, 05/25/28 (Call 02/25/28) |
1,878 | 2,161,315 | ||||||
|
|
|||||||
8,115,069 | ||||||||
Biotechnology — 0.1% | ||||||||
Amgen Inc., 1.65%, 08/15/28 (Call 06/15/28) |
300 | 291,591 | ||||||
|
|
|||||||
Building Materials — 0.1% | ||||||||
Masco Corp., 1.50%, 02/15/28 (Call 12/15/27) |
495 | 476,962 | ||||||
|
|
|||||||
Chemicals — 1.7% | ||||||||
Dow Chemical Co. (The), 4.80%, 11/30/28 (Call 08/30/28) |
625 | 734,912 | ||||||
DuPont de Nemours Inc., 4.73%, 11/15/28 (Call 08/15/28)(a) |
2,159 | 2,522,101 | ||||||
Eastman Chemical Co., 4.50%, 12/01/28 (Call 09/01/28) |
512 | 586,926 | ||||||
International Flavors & Fragrances Inc., 4.45%, 09/26/28 (Call 06/26/28) |
440 | 504,852 | ||||||
PPG Industries Inc., 3.75%, 03/15/28 (Call 12/15/27) |
812 | 912,712 | ||||||
|
|
|||||||
5,261,503 | ||||||||
Commercial Services — 0.7% | ||||||||
Automatic Data Processing Inc., 1.70%, 05/15/28 (Call 03/15/28) |
235 | 233,959 |
76 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Commercial Services (continued) | ||||||||
Block
Financial LLC, 2.50%, 07/15/28 |
$ | 355 | $ | 353,697 | ||||
Global Payments Inc., 4.45%, 06/01/28 (Call 03/01/28) |
608 | 685,332 | ||||||
Moody’s Corp., 3.25%, 01/15/28 (Call 10/15/27) |
692 | 748,875 | ||||||
|
|
|||||||
2,021,863 | ||||||||
Computers — 1.3% | ||||||||
Apple Inc. |
||||||||
1.20%, 02/08/28 (Call 12/08/27) |
2,007 | 1,944,201 | ||||||
1.40%, 08/05/28 (Call 06/05/28) |
1,555 | 1,515,736 | ||||||
DXC Technology Co., 2.38%, 09/15/28 (Call 07/15/28) |
170 | 165,143 | ||||||
International Business Machines Corp., 6.50%, 01/15/28(a) |
375 | 475,650 | ||||||
|
|
|||||||
4,100,730 | ||||||||
Cosmetics & Personal Care — 0.4% | ||||||||
Unilever Capital Corp., 3.50%, 03/22/28 (Call 12/22/27)(a) |
1,029 | 1,137,230 | ||||||
|
|
|||||||
Diversified Financial Services — 3.4% | ||||||||
AerCap Ireland Capital DAC/AerCap Global Aviation Trust |
||||||||
3.00%, 10/29/28 (Call 08/29/28) |
1,650 | 1,674,931 | ||||||
3.88%, 01/23/28 (Call 10/23/27)(a) |
499 | 534,993 | ||||||
Air Lease Corp. |
||||||||
2.10%, 09/01/28 (Call 07/01/28) |
385 | 373,681 | ||||||
4.63%, 10/01/28 (Call 07/01/28)(a) |
549 | 615,852 | ||||||
Brookfield Finance Inc., 3.90%, 01/25/28 (Call 10/25/27) |
540 | 596,489 | ||||||
Capital One Financial Corp., 3.80%, 01/31/28 (Call 12/31/27)(a) |
1,291 | 1,424,025 | ||||||
Charles Schwab Corp. (The) |
||||||||
2.00%, 03/20/28 (Call 01/20/28) |
1,161 | 1,171,588 | ||||||
3.20%, 01/25/28 (Call 10/25/27) |
790 | 856,613 | ||||||
CME Group Inc., 3.75%, 06/15/28 (Call 03/15/28) |
732 | 818,932 | ||||||
Intercontinental Exchange Inc., 3.75%, 09/21/28 (Call 06/21/28)+ |
772 | 856,449 | ||||||
Lazard
Group LLC, 4.50%, 09/19/28 |
325 | 372,837 | ||||||
Mastercard Inc., 3.50%, 02/26/28 (Call 11/26/27) |
519 | 573,692 | ||||||
Nomura Holdings Inc., 2.17%, 07/14/28 |
465 | 455,440 | ||||||
|
|
|||||||
10,325,522 | ||||||||
Electric — 8.2% | ||||||||
AEP Texas Inc., 3.95%, 06/01/28 (Call 03/01/28) |
138 | 153,241 | ||||||
Ameren Corp., 1.75%, 03/15/28 (Call 01/15/28) |
367 | 358,460 | ||||||
Ameren Illinois Co., 3.80%, 05/15/28 (Call 02/15/28) |
340 | 378,882 | ||||||
American Electric Power Co. Inc., Series J, 4.30%, 12/01/28 (Call 09/01/28) |
740 | 836,829 | ||||||
Atlantic City Electric Co., 4.00%, 10/15/28 (Call 07/15/28) |
342 | 385,424 | ||||||
Berkshire Hathaway Energy Co., 3.25%, 04/15/28 (Call 01/15/28) |
603 | 653,748 | ||||||
CenterPoint Energy Inc., 4.25%, 11/01/28 (Call 08/01/28)(a) |
450 | 508,977 | ||||||
Commonwealth Edison Co., 3.70%, 08/15/28 (Call 05/15/28). |
595 | 665,882 | ||||||
Consolidated Edison Co. of New York Inc. |
||||||||
3.80%, 05/15/28 (Call 02/15/28) |
373 | 414,720 | ||||||
Series D, 4.00%, 12/01/28 (Call 09/01/28)(a) |
285 | 322,064 | ||||||
Consumers Energy Co., 3.80%, 11/15/28 (Call 08/15/28) |
281 | 314,560 | ||||||
Dominion Energy Inc., 4.25%, 06/01/28 (Call 03/01/28) |
798 | 900,806 | ||||||
DTE Electric Co., Series A, 1.90%, 04/01/28 (Call 02/01/28) |
226 | 226,538 | ||||||
Duke Energy Carolinas LLC |
||||||||
3.95%, 11/15/28 (Call 08/15/28) |
651 | 736,027 | ||||||
Series A, 6.00%, 12/01/28 |
220 | 274,107 | ||||||
Duke Energy Florida LLC, 3.80%, 07/15/28 (Call 04/15/28)(a) |
617 | 688,338 | ||||||
Duke Energy Progress LLC, 3.70%, 09/01/28 (Call 06/01/28) |
550 | 611,572 | ||||||
Edison
International, 4.13%, 03/15/28 |
511 | 546,882 | ||||||
Enel Chile SA, 4.88%, 06/12/28 (Call 03/12/28) |
894 | 1,011,749 | ||||||
Entergy Arkansas LLC, 4.00%, 06/01/28 (Call 03/01/28)(a) |
155 | 174,270 | ||||||
Entergy Corp., 1.90%, 06/15/28 (Call 04/15/28)(a) |
431 | 422,565 |
Security | Par (000) |
Value | ||||||
Electric (continued) | ||||||||
Entergy Louisiana LLC, 3.25%, 04/01/28 (Call 01/01/28) |
$ | 375 | $ | 403,215 | ||||
Entergy Mississippi LLC, 2.85%, 06/01/28 (Call 03/01/28) |
555 | 585,214 | ||||||
Eversource Energy, Series M, 3.30%, 01/15/28 (Call 10/15/27) |
582 | 626,797 | ||||||
Indiana Michigan Power Co., 3.85%, 05/15/28 (Call 02/15/28). |
415 | 460,538 | ||||||
Interstate Power & Light Co., 4.10%, 09/26/28 (Call 06/26/28). |
510 | 577,396 | ||||||
Mississippi Power Co., 3.95%, 03/30/28 (Call 12/30/27) |
345 | 384,454 | ||||||
National Rural Utilities Cooperative Finance Corp. |
||||||||
3.40%, 02/07/28 (Call 11/07/27) |
659 | 716,471 | ||||||
3.90%, 11/01/28 (Call 08/01/28) |
419 | 469,360 | ||||||
NextEra Energy Capital Holdings Inc., 1.90%, 06/15/28 (Call 04/15/28) |
1,455 | 1,439,766 | ||||||
Oklahoma Gas & Electric Co., 3.80%, 08/15/28 (Call 02/15/28) |
510 | 565,983 | ||||||
Oncor Electric Delivery Co. LLC, 3.70%, 11/15/28 (Call 08/15/28) |
706 | 788,849 | ||||||
Pacific Gas and Electric Co. |
||||||||
3.00%, 06/15/28 (Call 04/15/28) |
400 | 403,140 | ||||||
3.75%, 07/01/28 |
994 | 1,042,925 | ||||||
4.65%, 08/01/28 (Call 05/01/28) |
305 | 333,243 | ||||||
Public Service Co. of Colorado, 3.70%, 06/15/28 (Call 12/15/27) |
435 | 482,445 | ||||||
Public Service Electric & Gas Co. |
||||||||
3.65%, 09/01/28 (Call 06/01/28) |
530 | 589,058 | ||||||
3.70%, 05/01/28 (Call 02/01/28) |
145 | 161,671 | ||||||
Puget Energy Inc., 2.38%, 06/15/28 (Call 04/15/28) |
510 | 504,987 | ||||||
Sempra Energy, 3.40%, 02/01/28 (Call 11/01/27) |
972 | 1,045,542 | ||||||
Southern California Edison Co., Series B, 3.65%, 03/01/28 (Call 12/01/27) |
394 | 426,040 | ||||||
Southern Co. (The), Series 21-B, 1.75%, 03/15/28 (Call 01/15/28) |
280 | 273,745 | ||||||
Southwestern Electric Power Co., Series M, 4.10%, 09/15/28 (Call 06/15/28) |
673 | 754,763 | ||||||
Virginia Electric & Power Co., Series A, 3.80%, 04/01/28 (Call 01/01/28) |
447 | 496,742 | ||||||
Wisconsin Electric Power Co., 1.70%, 06/15/28 (Call 04/15/28) |
75 | 74,083 | ||||||
Xcel Energy Inc., 4.00%, 06/15/28 (Call 12/15/27) |
730 | 817,658 | ||||||
|
|
|||||||
25,009,726 | ||||||||
Electronics — 1.2% | ||||||||
Arrow Electronics Inc., 3.88%, 01/12/28 (Call 10/12/27) |
666 | 720,399 | ||||||
Hubbell Inc., 3.50%, 02/15/28 (Call 11/15/27) |
339 | 368,039 | ||||||
Jabil Inc., 3.95%, 01/12/28 (Call 10/12/27) |
644 | 706,404 | ||||||
TD SYNNEX Corp., 2.38%, 08/09/28 (Call 06/09/28)(b) |
490 | 480,616 | ||||||
Trimble Inc., 4.90%, 06/15/28 (Call 03/15/28) |
765 | 876,430 | ||||||
Vontier Corp., 2.40%, 04/01/28 (Call 02/01/28)(b) |
455 | 445,513 | ||||||
|
|
|||||||
3,597,401 | ||||||||
Environmental Control — 0.7% | ||||||||
Republic Services Inc., 3.95%, 05/15/28 (Call 02/15/28) |
757 | 847,832 | ||||||
Waste Connections Inc., 4.25%, 12/01/28 (Call 09/01/28) |
720 | 821,650 | ||||||
Waste Management Inc., 1.15%, 03/15/28 (Call 01/15/28) |
472 | 450,052 | ||||||
|
|
|||||||
2,119,534 | ||||||||
Food — 2.3% | ||||||||
Campbell Soup Co., 4.15%, 03/15/28 (Call 12/15/27) |
1,163 | 1,302,583 | ||||||
Conagra Brands Inc. |
||||||||
4.85%, 11/01/28 (Call 08/01/28)(a) |
1,339 | 1,562,667 | ||||||
7.00%, 10/01/28 |
390 | 508,849 | ||||||
General Mills Inc., 4.20%, 04/17/28 (Call 01/17/28) |
1,589 | 1,799,113 | ||||||
Hormel Foods Corp., 1.70%, 06/03/28 (Call 04/03/28) |
175 | 173,558 | ||||||
Kellogg Co., 4.30%, 05/15/28 (Call 02/15/28) |
763 | 868,042 |
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, 2021 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Food (continued) | ||||||||
Mondelez International Inc., 4.13%, 05/07/28 (Call 02/07/28)(a) |
$ | 640 | $ | 734,605 | ||||
|
|
|||||||
6,949,417 | ||||||||
Forest Products & Paper — 0.1% | ||||||||
Suzano Austria GmbH, 2.50%, 09/15/28 (Call 07/15/28) |
350 | 332,167 | ||||||
|
|
|||||||
Gas — 0.4% | ||||||||
CenterPoint Energy Resources Corp., 4.00%, 04/01/28 (Call 01/01/28) |
409 | 454,305 | ||||||
National Fuel Gas Co., 4.75%, 09/01/28 (Call 06/01/28) |
315 | 351,981 | ||||||
Southwest Gas Corp., 3.70%, 04/01/28 (Call 01/01/28) |
410 | 447,330 | ||||||
|
|
|||||||
1,253,616 | ||||||||
Hand & Machine Tools — 0.3% | ||||||||
Kennametal Inc., 4.63%, 06/15/28 (Call 03/15/28) |
295 | 330,568 | ||||||
Stanley Black & Decker Inc., 4.25%, 11/15/28 (Call 08/15/28) |
641 | 739,272 | ||||||
|
|
|||||||
1,069,840 | ||||||||
Health Care - Products — 1.2% | ||||||||
Abbott
Laboratories, 1.15%, 01/30/28 |
551 | 534,613 | ||||||
Boston Scientific Corp., 4.00%, 03/01/28 (Call 12/01/27) |
529 | 597,315 | ||||||
Edwards Lifesciences Corp., 4.30%, 06/15/28 (Call 03/15/28) |
792 | 903,521 | ||||||
PerkinElmer Inc., 1.90%, 09/15/28 (Call 07/15/28) |
195 | 191,584 | ||||||
Stryker Corp., 3.65%, 03/07/28 (Call 12/07/27) |
813 | 898,243 | ||||||
Thermo Fisher Scientific Inc., 1.75%, 10/15/28 (Call 08/15/28) |
550 | 541,673 | ||||||
|
|
|||||||
3,666,949 | ||||||||
Health Care - Services — 1.8% | ||||||||
Advocate Health & Hospitals Corp., 3.83%, 08/15/28 (Call 05/15/28) |
495 | 555,009 | ||||||
Anthem Inc., 4.10%, 03/01/28 (Call 12/01/27) |
1,145 | 1,286,820 | ||||||
CHRISTUS Health, Series C, 4.34%, 07/01/28 (Call 04/01/28) |
230 | 261,703 | ||||||
Mercy Health/OH, Series 2018, 4.30%, 07/01/28 (Call 01/01/28) |
255 | 290,131 | ||||||
Sutter Health, Series 2018, 3.70%, 08/15/28 (Call 05/15/28)(a) |
425 | 470,399 | ||||||
Toledo Hospital (The), Series B, 5.33%, 11/15/28 |
395 | 446,800 | ||||||
UnitedHealth Group Inc. |
||||||||
3.85%, 06/15/28 |
961 | 1,082,345 | ||||||
3.88%, 12/15/28 |
892 | 1,009,209 | ||||||
|
|
|||||||
5,402,416 | ||||||||
Holding Companies - Diversified — 1.1% | ||||||||
Ares Capital Corp., 2.88%, 06/15/28 (Call 04/15/28) |
1,235 | 1,240,348 | ||||||
Blackstone Secured Lending Fund, 2.85%, 09/30/28 (Call 07/30/28)(b) |
585 | 573,797 | ||||||
FS KKR Capital Corp., 3.13%, 10/12/28 (Call 08/12/28) |
650 | 640,354 | ||||||
Owl Rock Capital Corp., 2.88%, 06/11/28 (Call 04/11/28) |
815 | 802,734 | ||||||
Prospect Capital Corp., 3.44%, 10/15/28 (Call 08/15/28) |
280 | 268,929 | ||||||
|
|
|||||||
3,526,162 | ||||||||
Household Products & Wares — 0.6% | ||||||||
Avery Dennison Corp., 4.88%, 12/06/28 (Call 09/06/28) |
385 | 453,388 | ||||||
Clorox Co. (The), 3.90%, 05/15/28 (Call 02/15/28)(a) |
622 | 698,699 | ||||||
Kimberly-Clark Corp., 3.95%, 11/01/28 (Call 08/01/28) |
550 | 627,753 | ||||||
|
|
|||||||
1,779,840 | ||||||||
Insurance — 3.1% | ||||||||
American International Group Inc., 4.20%, 04/01/28 (Call 01/01/28) |
857 | 968,839 | ||||||
Aon Corp., 4.50%, 12/15/28 (Call 09/15/28) |
576 | 665,142 | ||||||
Assurant Inc., 4.90%, 03/27/28 (Call 12/27/27) |
390 | 447,790 | ||||||
Athene Holding Ltd., 4.13%, 01/12/28 (Call 10/12/27) |
997 | 1,102,014 | ||||||
Cincinnati Financial Corp., 6.92%, 05/15/28 |
240 | 309,410 |
Security | Par (000) |
Value | ||||||
Insurance (continued) | ||||||||
Equitable Holdings Inc. |
||||||||
4.35%, 04/20/28 (Call 01/20/28) |
$ | 1,584 | $ | 1,790,443 | ||||
7.00%, 04/01/28 |
150 | 190,638 | ||||||
Fairfax Financial Holdings Ltd., 4.85%, 04/17/28 (Call 01/17/28) |
641 | 726,580 | ||||||
Fidelity National Financial Inc., 4.50%, 08/15/28 (Call 05/15/28) |
574 | 650,933 | ||||||
Globe Life Inc., 4.55%, 09/15/28 (Call 06/15/28) |
575 | 660,934 | ||||||
Lincoln National Corp., 3.80%, 03/01/28 (Call 12/01/27) |
469 | 518,184 | ||||||
Prudential Financial Inc., 3.88%, 03/27/28 (Call 12/27/27) |
486 | 545,068 | ||||||
Willis North America Inc., 4.50%, 09/15/28 (Call 06/15/28) |
746 | 845,830 | ||||||
|
|
|||||||
9,421,805 | ||||||||
Internet — 1.3% | ||||||||
Amazon.com Inc., 1.65%, 05/12/28 (Call 03/12/28) |
570 | 567,692 | ||||||
Baidu Inc. |
||||||||
4.38%, 03/29/28 (Call 12/29/27) |
195 | 216,124 | ||||||
4.88%, 11/14/28 (Call 08/14/28)(a) |
555 | 636,774 | ||||||
Booking Holdings Inc., 3.55%, 03/15/28 (Call 12/15/27) |
749 | 830,034 | ||||||
E*TRADE Financial Corp., 4.50%, 06/20/28 (Call 03/20/28) |
586 | 667,360 | ||||||
Expedia
Group Inc., 3.80%, 02/15/28 |
1,087 | 1,173,167 | ||||||
|
|
|||||||
4,091,151 | ||||||||
Iron & Steel — 0.2% | ||||||||
Nucor Corp., 3.95%, 05/01/28 (Call 02/01/28) |
455 | 507,653 | ||||||
|
|
|||||||
Lodging — 1.1% | ||||||||
Hyatt
Hotels Corp., 4.38%, 09/15/28 |
440 | 482,539 | ||||||
Marriott International Inc./MD |
||||||||
Series AA, 4.65%, 12/01/28 (Call 09/01/28)(a) |
315 | 357,298 | ||||||
Series X, 4.00%, 04/15/28 (Call 01/15/28) |
542 | 593,376 | ||||||
Sands China Ltd., 5.40%, 08/08/28 (Call 05/08/28) |
1,715 | 1,855,219 | ||||||
|
|
|||||||
3,288,432 | ||||||||
Machinery — 1.3% | ||||||||
ABB Finance USA Inc., 3.80%, 04/03/28 (Call 01/03/28) |
55 | 61,808 | ||||||
John Deere Capital Corp. |
||||||||
1.50%, 03/06/28 |
251 | 247,059 | ||||||
3.05%, 01/06/28 |
646 | 698,869 | ||||||
nVent Finance Sarl, 4.55%, 04/15/28 (Call 01/15/28) |
440 | 484,075 | ||||||
Oshkosh Corp., 4.60%, 05/15/28 (Call 02/15/28) |
465 | 529,286 | ||||||
Westinghouse Air Brake Technologies Corp., 4.95%, 09/15/28 (Call 06/15/28) |
1,263 | 1,449,608 | ||||||
Xylem Inc./NY, 1.95%, 01/30/28 (Call 11/30/27) |
602 | 601,199 | ||||||
|
|
|||||||
4,071,904 | ||||||||
Manufacturing — 0.6% | ||||||||
3M Co., 3.63%, 09/14/28 (Call 06/14/28) |
654 | 730,871 | ||||||
Textron Inc., 3.38%, 03/01/28 (Call 12/01/27)(a) |
420 | 449,904 | ||||||
Trane Technologies Global Holding Co. Ltd., 3.75%, 08/21/28 (Call 05/21/28) |
630 | 694,783 | ||||||
|
|
|||||||
1,875,558 | ||||||||
Media — 4.5% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
||||||||
3.75%, 02/15/28 (Call 11/15/27) |
1,041 | 1,132,004 | ||||||
4.20%, 03/15/28 (Call 12/15/27) |
1,275 | 1,417,354 | ||||||
Comcast Corp. |
||||||||
3.15%, 02/15/28 (Call 11/15/27) |
1,376 | 1,481,828 | ||||||
3.55%, 05/01/28 (Call 02/01/28)(a) |
969 | 1,067,635 | ||||||
4.15%, 10/15/28 (Call 07/15/28) |
3,630 | 4,140,668 | ||||||
Discovery Communications LLC, 3.95%, 03/20/28 (Call 12/20/27)(a) |
1,585 | 1,745,497 | ||||||
TCI Communications Inc., 7.13%, 02/15/28 |
342 | 447,237 |
78 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Media (continued) | ||||||||
ViacomCBS Inc. |
||||||||
3.38%, 02/15/28 (Call 11/15/27)(a) |
$ | 565 | $ | 612,166 | ||||
3.70%, 06/01/28 (Call 03/01/28) |
551 | 604,585 | ||||||
Walt Disney Co. (The), 2.20%, 01/13/28 |
961 | 980,806 | ||||||
|
|
|||||||
13,629,780 | ||||||||
Metal Fabricate & Hardware — 0.2% | ||||||||
Timken Co. (The), 4.50%, 12/15/28 (Call 09/15/28) |
431 | 479,216 | ||||||
|
|
|||||||
Mining — 0.5% | ||||||||
AngloGold Ashanti Holdings PLC, 3.38%, 11/01/28 (Call 09/01/28) |
560 | 557,351 | ||||||
Rio Tinto Finance USA Ltd., 7.13%, 07/15/28 |
763 | 1,011,067 | ||||||
|
|
|||||||
1,568,418 | ||||||||
Office & Business Equipment — 0.2% | ||||||||
CDW LLC/CDW Finance Corp., 4.25%, 04/01/28 (Call 10/01/22) |
500 | 519,095 | ||||||
|
|
|||||||
Oil & Gas — 3.8% | ||||||||
BP Capital Markets America Inc. |
||||||||
3.94%, 09/21/28 (Call 06/21/28) |
1,123 | 1,257,513 | ||||||
4.23%, 11/06/28 (Call 08/06/28) |
1,765 | 2,014,006 | ||||||
BP Capital Markets PLC, 3.72%, 11/28/28 (Call 08/28/28) |
762 | 845,210 | ||||||
Chevron USA Inc., 3.85%, 01/15/28 (Call 10/15/27) |
671 | 752,453 | ||||||
ConocoPhillips, 4.30%, 08/15/28 (Call 05/15/28)(b) |
919 | 1,052,044 | ||||||
Devon Energy Corp., 5.88%, 06/15/28 (Call 06/15/23)(b) |
395 | 433,098 | ||||||
Marathon Petroleum Corp., 3.80%, 04/01/28 (Call 01/01/28) |
585 | 638,212 | ||||||
Phillips 66, 3.90%, 03/15/28 (Call 12/15/27) |
744 | 820,714 | ||||||
Shell International Finance BV, 3.88%, 11/13/28 (Call 08/13/28) |
1,382 | 1,557,887 | ||||||
TotalEnergies Capital SA, 3.88%, 10/11/28 |
1,216 | 1,376,013 | ||||||
Valero Energy Corp., 4.35%, 06/01/28 (Call 03/01/28) |
767 | 859,331 | ||||||
|
|
|||||||
11,606,481 | ||||||||
Packaging & Containers — 0.7% | ||||||||
Amcor Finance USA Inc., 4.50%, 05/15/28 (Call 02/15/28) |
653 | 745,008 | ||||||
WRKCo Inc. |
||||||||
3.90%, 06/01/28 (Call 03/01/28) |
543 | 601,101 | ||||||
4.00%, 03/15/28 (Call 12/15/27)(a) |
630 | 700,138 | ||||||
|
|
|||||||
2,046,247 | ||||||||
Pharmaceuticals — 7.3% | ||||||||
AbbVie Inc., 4.25%, 11/14/28 (Call 08/14/28)(a) |
1,910 | 2,169,569 | ||||||
Astrazeneca Finance LLC, 1.75%, 05/28/28 (Call 03/28/28) |
250 | 249,083 | ||||||
Bristol-Myers Squibb Co., 3.90%, 02/20/28 (Call 11/20/27) |
1,334 | 1,499,616 | ||||||
Cigna Corp., 4.38%, 10/15/28 (Call 07/15/28) |
3,605 | 4,132,123 | ||||||
CVS Health Corp., 4.30%, 03/25/28 (Call 12/25/27) |
2,580 | 2,923,785 | ||||||
GlaxoSmithKline Capital Inc., 3.88%, 05/15/28 |
1,682 | 1,896,926 | ||||||
Johnson & Johnson, 2.90%, 01/15/28 (Call 10/15/27) |
1,185 | 1,273,923 | ||||||
McKesson Corp., 3.95%, 02/16/28 (Call 11/16/27) |
721 | 802,567 | ||||||
Merck Sharp & Dohme Corp., 5.95%, 12/01/28 |
87 | 109,961 | ||||||
Mylan Inc., 4.55%, 04/15/28 (Call 01/15/28) |
891 | 1,009,797 | ||||||
Pfizer Inc., 3.60%, 09/15/28 (Call 06/15/28) |
991 | 1,107,918 | ||||||
Pharmacia LLC, 6.60%, 12/01/28(a) |
605 | 798,866 | ||||||
Sanofi, 3.63%, 06/19/28 (Call 03/19/28) |
1,161 | 1,311,442 | ||||||
Takeda Pharmaceutical Co. Ltd., 5.00%, 11/26/28 (Call 08/26/28) |
1,840 | 2,176,407 | ||||||
Zoetis Inc., 3.90%, 08/20/28 (Call 05/20/28) |
737 | 825,543 | ||||||
|
|
|||||||
22,287,526 | ||||||||
Pipelines — 3.9% | ||||||||
Enable Midstream Partners LP, 4.95%, 05/15/28 (Call 02/15/28) |
730 | 816,417 | ||||||
Energy Transfer LP, 4.95%, 06/15/28 (Call 03/15/28) |
1,020 | 1,167,288 |
Security | Par (000) |
Value | ||||||
Pipelines (continued) | ||||||||
Enterprise Products Operating LLC, 4.15%, 10/16/28 (Call 07/16/28)(a) |
$ | 910 | $ | 1,028,191 | ||||
Kinder Morgan Inc., 4.30%, 03/01/28 (Call 12/01/27)(a) |
1,235 | 1,388,745 | ||||||
MPLX LP, 4.00%, 03/15/28 (Call 12/15/27) |
1,242 | 1,366,225 | ||||||
ONEOK Inc., 4.55%, 07/15/28 (Call 04/15/28) |
917 | 1,032,450 | ||||||
Phillips 66 Partners LP, 3.75%, 03/01/28 (Call 12/01/27) |
499 | 542,608 | ||||||
Sabine Pass Liquefaction LLC, 4.20%, 03/15/28 (Call 09/15/27) |
1,247 | 1,385,429 | ||||||
Tennessee Gas Pipeline Co. LLC, 7.00%, 10/15/28 |
316 | 408,288 | ||||||
TransCanada PipeLines Ltd., 4.25%, 05/15/28 (Call 02/15/28)(a) |
1,446 | 1,632,982 | ||||||
Transcontinental Gas Pipe Line Co. LLC, 4.00%, 03/15/28 (Call 12/15/27) |
425 | 471,610 | ||||||
Valero Energy Partners LP, 4.50%, 03/15/28 (Call 12/15/27) |
556 | 624,527 | ||||||
|
|
|||||||
11,864,760 | ||||||||
Real Estate Investment Trusts — 6.7% | ||||||||
Agree LP, 2.00%, 06/15/28 (Call 04/15/28)(a) |
195 | 191,636 | ||||||
Alexandria Real Estate Equities Inc., 3.95%, 01/15/28 (Call 10/15/27) |
465 | 519,438 | ||||||
American Homes 4 Rent LP, 4.25%, 02/15/28 (Call 11/15/27) |
595 | 668,334 | ||||||
American Tower Corp. |
||||||||
1.50%, 01/31/28 (Call 11/30/27) |
810 | 777,665 | ||||||
3.60%, 01/15/28 (Call 10/15/27) |
731 | 791,951 | ||||||
AvalonBay Communities Inc., 3.20%, 01/15/28 (Call 10/15/27) |
408 | 439,567 | ||||||
Boston Properties LP, 4.50%, 12/01/28 (Call 09/01/28) |
1,009 | 1,152,470 | ||||||
Brixmor Operating Partnership LP, 2.25%, 04/01/28 (Call 02/01/28) |
340 | 339,660 | ||||||
Camden Property Trust, 4.10%, 10/15/28 (Call 07/15/28)(a) |
430 | 488,450 | ||||||
Crown Castle International Corp., 3.80%, 02/15/28 (Call 11/15/27) |
1,215 | 1,331,798 | ||||||
Digital Realty Trust LP, 4.45%, 07/15/28 (Call 04/15/28)(a) |
749 | 854,976 | ||||||
Duke Realty LP, 4.00%, 09/15/28 (Call 06/15/28) |
579 | 650,981 | ||||||
EPR Properties, 4.95%, 04/15/28 (Call 01/15/28) |
300 | 329,007 | ||||||
Equinix Inc. |
||||||||
1.55%, 03/15/28 (Call 01/15/28) |
462 | 448,015 | ||||||
2.00%, 05/15/28 (Call 03/15/28) |
95 | 93,880 | ||||||
ERP Operating LP |
||||||||
3.50%, 03/01/28 (Call 12/01/27) |
435 | 475,042 | ||||||
4.15%, 12/01/28 (Call 09/01/28) |
486 | 551,547 | ||||||
Essex Portfolio LP, 1.70%, 03/01/28 (Call 01/01/28)(a) |
380 | 370,591 | ||||||
GLP Capital LP/GLP Financing II Inc., 5.75%, 06/01/28 (Call 03/03/28) |
640 | 744,429 | ||||||
Healthcare Realty Trust Inc., 3.63%, 01/15/28 (Call 10/15/27) . |
320 | 347,744 | ||||||
Highwoods Realty LP, 4.13%, 03/15/28 (Call 12/15/27) |
280 | 310,514 | ||||||
Kilroy Realty LP, 4.75%, 12/15/28 (Call 09/15/28) |
250 | 288,108 | ||||||
Kimco
Realty Corp., 1.90%, 03/01/28 |
346 | 341,533 | ||||||
Mid America Apartments LP, 4.20%, 06/15/28 (Call 03/15/28) |
508 | 576,788 | ||||||
National Retail Properties Inc., 4.30%, 10/15/28 (Call 07/15/28) |
410 | 463,251 | ||||||
Omega Healthcare Investors Inc., 4.75%, 01/15/28 (Call 10/15/27) |
555 | 619,929 | ||||||
Physicians Realty LP, 3.95%, 01/15/28 (Call 10/15/27) |
260 | 286,208 | ||||||
Prologis LP, 3.88%, 09/15/28 (Call 06/15/28) |
490 | 552,852 | ||||||
Public Storage, 1.85%, 05/01/28 (Call 03/01/28) |
245 | 244,897 | ||||||
Realty Income Corp., 3.65%, 01/15/28 (Call 10/15/27) |
393 | 432,819 | ||||||
Regency Centers LP, 4.13%, 03/15/28 (Call 12/15/27) |
280 | 313,365 | ||||||
Simon Property Group LP, 1.75%, 02/01/28 (Call 11/01/27) |
492 | 483,252 | ||||||
Spirit Realty LP, 2.10%, 03/15/28 (Call 01/15/28)(a) |
430 | 422,187 | ||||||
STORE Capital Corp., 4.50%, 03/15/28 (Call 12/15/27) |
330 | 369,923 | ||||||
Sun Communities Operating LP, 2.30%, 11/01/28 (Call 09/01/28) |
30 | 29,777 |
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, 2021 |
iShares® iBonds® Dec 2028 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
UDR Inc., 3.50%, 01/15/28 (Call 10/15/27) |
$ | 285 | $ | 307,754 | ||||
Ventas Realty LP, 4.00%, 03/01/28 (Call 12/01/27)(a) |
643 | 712,585 | ||||||
VEREIT Operating Partnership LP |
||||||||
2.20%, 06/15/28 (Call 04/15/28) |
560 | 561,775 | ||||||
3.40%, 01/15/28 (Call 11/15/27) |
671 | 720,238 | ||||||
Welltower Inc., 4.25%, 04/15/28 (Call 01/15/28) |
675 | 762,737 | ||||||
|
|
|||||||
20,367,673 | ||||||||
Retail — 3.4% | ||||||||
AutoNation Inc., 1.95%, 08/01/28 (Call 06/01/28)(a) |
300 | 292,488 | ||||||
Best Buy Co. Inc., 4.45%, 10/01/28 (Call 07/01/28) |
678 | 774,832 | ||||||
Dollar General Corp., 4.13%, 05/01/28 (Call 02/01/28) |
663 | 749,309 | ||||||
Dollar Tree Inc., 4.20%, 05/15/28 (Call 02/15/28) |
1,409 | 1,586,844 | ||||||
Home Depot Inc. (The) |
||||||||
0.90%, 03/15/28 (Call 01/15/28) |
297 | 282,619 | ||||||
1.50%, 09/15/28 (Call 07/15/28)(a) |
100 | 98,101 | ||||||
3.90%, 12/06/28 (Call 09/06/28) |
902 | 1,025,475 | ||||||
Lowe’s Companies Inc. |
||||||||
1.30%, 04/15/28 (Call 02/15/28) |
1,170 | 1,124,499 | ||||||
1.70%, 09/15/28 (Call 07/15/28) |
105 | 103,016 | ||||||
McDonald’s Corp., 3.80%, 04/01/28 (Call 01/01/28) |
1,224 | 1,361,639 | ||||||
O’Reilly Automotive Inc., 4.35%, 06/01/28 (Call 03/01/28) |
680 | 776,805 | ||||||
Starbucks Corp. |
||||||||
3.50%, 03/01/28 (Call 12/01/27) |
759 | 830,301 | ||||||
4.00%, 11/15/28 (Call 08/15/28) |
814 | 920,422 | ||||||
TJX Companies Inc. (The), 1.15%, 05/15/28 (Call 03/15/28) |
281 | 271,232 | ||||||
Walmart Inc., 3.70%, 06/26/28 (Call 03/26/28) |
80 | 90,138 | ||||||
|
|
|||||||
10,287,720 | ||||||||
Semiconductors — 3.0% | ||||||||
Analog Devices Inc., 1.70%, 10/01/28 (Call 08/01/28) |
545 | 540,624 | ||||||
Broadcom Corp./Broadcom Cayman Finance Ltd., 3.50%, 01/15/28 (Call 10/15/27) |
827 | 891,688 | ||||||
Broadcom Inc. |
||||||||
1.95%, 02/15/28 (Call 12/15/27)(a)(b) |
752 | 736,298 | ||||||
4.11%, 09/15/28 (Call 06/15/28) |
1,907 | 2,101,933 | ||||||
Intel Corp., 1.60%, 08/12/28 (Call 06/12/28)(a) |
970 | 956,653 | ||||||
Marvell Technology Inc. |
||||||||
2.45%, 04/15/28 (Call 02/15/28) |
515 | 517,637 | ||||||
4.88%, 06/22/28 (Call 03/22/28)(b) |
620 | 713,248 | ||||||
NVIDIA Corp., 1.55%, 06/15/28 (Call 04/15/28) |
1,210 | 1,190,144 | ||||||
NXP BV/NXP Funding LLC, 5.55%, 12/01/28 (Call 09/01/28)(a)(b) |
617 | 745,891 | ||||||
QUALCOMM Inc., 1.30%, 05/20/28 (Call 02/20/28) |
883 | 855,318 | ||||||
|
|
|||||||
9,249,434 | ||||||||
Shipbuilding — 0.1% | ||||||||
Huntington Ingalls Industries Inc., 2.04%, 08/16/28 (Call 06/16/28)(b) |
205 | 200,746 | ||||||
|
|
|||||||
Software — 2.4% | ||||||||
Fidelity National Information Services Inc., 1.65%, 03/01/28 (Call 01/01/28)(a) |
562 | 546,888 | ||||||
Fiserv Inc., 4.20%, 10/01/28 (Call 07/01/28) |
1,137 | 1,284,696 | ||||||
Oracle Corp., 2.30%, 03/25/28 (Call 01/25/28) |
1,591 | 1,609,090 | ||||||
Roper Technologies Inc., 4.20%, 09/15/28 (Call 06/15/28) |
982 | 1,110,190 | ||||||
salesforce.com Inc. |
||||||||
1.50%, 07/15/28 (Call 05/15/28)(a) |
895 | 881,324 | ||||||
3.70%, 04/11/28 (Call 01/11/28) |
1,328 | 1,484,173 | ||||||
VMware Inc., 1.80%, 08/15/28 (Call 06/15/28) |
480 | 467,530 | ||||||
|
|
|||||||
7,383,891 |
Security | Par/ Shares (000) |
Value | ||||||
Telecommunications — 5.7% | ||||||||
AT&T Inc. |
||||||||
1.65%, 02/01/28 (Call 12/01/27) |
$ | 1,603 | $ | 1,562,973 | ||||
4.10%, 02/15/28 (Call 11/15/27)(a) |
2,290 | 2,567,823 | ||||||
British Telecommunications PLC, 5.13%, 12/04/28 (Call 09/04/28)(a) |
830 | 955,230 | ||||||
Motorola Solutions Inc., 4.60%, 02/23/28 (Call 11/23/27) |
829 | 950,581 | ||||||
T Mobile USA Inc., 2.05%, 02/15/28 (Call 12/15/27) |
1,962 | 1,944,617 | ||||||
Verizon Communications Inc. |
||||||||
2.10%, 03/22/28 (Call 01/22/28) |
1,421 | 1,425,419 | ||||||
4.33%, 09/21/28 |
4,079 | 4,655,975 | ||||||
Vodafone Group PLC, 4.38%, 05/30/28 |
3,056 | 3,483,565 | ||||||
|
|
|||||||
17,546,183 | ||||||||
Transportation — 2.9% | ||||||||
Canadian National Railway Co., 6.90%, 07/15/28 |
600 | 785,130 | ||||||
Canadian Pacific Railway Co., 4.00%, 06/01/28 (Call 03/01/28) |
728 | 815,746 | ||||||
CH Robinson Worldwide Inc., 4.20%, 04/15/28 (Call 01/15/28) |
833 | 938,824 | ||||||
CSX Corp., 3.80%, 03/01/28 (Call 12/01/27) |
1,032 | 1,145,613 | ||||||
FedEx Corp. |
||||||||
3.40%, 02/15/28 (Call 11/15/27)(a) |
661 | 720,867 | ||||||
4.20%, 10/17/28 (Call 07/17/28) |
522 | 595,565 | ||||||
Kirby Corp., 4.20%, 03/01/28 (Call 12/01/27) |
650 | 711,562 | ||||||
Norfolk Southern Corp., 3.80%, 08/01/28 (Call 05/01/28) |
825 | 920,254 | ||||||
Union Pacific Corp., 3.95%, 09/10/28 (Call 06/10/28) |
1,020 | 1,150,489 | ||||||
Walmart Inc., 1.50%, 09/22/28 (Call 07/22/28) |
1,145 | 1,132,245 | ||||||
|
|
|||||||
8,916,295 | ||||||||
Trucking & Leasing — 0.2% | ||||||||
GATX Corp. |
||||||||
3.50%, 03/15/28 (Call 12/15/27)(a) |
195 | 211,831 | ||||||
4.55%, 11/07/28 (Call 08/07/28) |
448 | 513,381 | ||||||
|
|
|||||||
725,212 | ||||||||
Water — 0.2% | ||||||||
American Water Capital Corp., 3.75%, 09/01/28 (Call 06/01/28)(a) |
593 | 661,533 | ||||||
United Utilities PLC, 6.88%, 08/15/28(a) |
50 | 63,880 | ||||||
|
|
|||||||
725,413 | ||||||||
|
|
|||||||
Total Corporate Bonds & Notes —
98.7% (Cost: $293,517,614) |
301,236,780 | |||||||
|
|
|||||||
Short-Term Investments |
||||||||
Money Market Funds — 7.3% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 0.05%(c)(d)(e) |
21,655 | 21,666,005 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 0.00%(c)(d) |
530 | 530,000 | ||||||
|
|
|||||||
22,196,005 | ||||||||
|
|
|||||||
Total
Short-Term Investments — 7.3% |
22,196,005 | |||||||
|
|
|||||||
Total
Investments in Securities — 106.0% |
323,432,785 | |||||||
|
|
|||||||
Other Assets, Less Liabilities — (6.0)% |
(18,312,667 | ) | ||||||
|
|
|||||||
Net Assets — 100.0% |
$ | 305,120,118 | ||||||
|
|
(a) |
All or a portion of this security is on loan. |
80 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2028 Term Corporate ETF
|
(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, 2021 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 10/31/20 |
Purchases at Cost |
Proceeds from Sales |
Net Realized Gain (Loss) |
Change
in Unrealized Appreciation (Depreciation) |
Value at 10/31/21 |
Shares Held at 10/31/21 (000) |
Income | Capital Gain Distributions from Underlying Funds |
|||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares |
$ | 5,913,303 | $ | 15,755,435 | (a) | $ | — | $ | (1,562 | ) | $ | (1,171 | ) | $ | 21,666,005 | 21,655 | $ | 27,346(b | ) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares |
701,000 | — | (171,000 | )(a) | — | — | 530,000 | 530 | 177 | — | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||||||||
$ | (1,562 | ) | $ | (1,171 | ) | $ | 22,196,005 | $ | 27,523 | $ | — | |||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(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 |
$ | — | $ | 301,236,780 | $ | — | $ | 301,236,780 | ||||||||
Money Market Funds |
22,196,005 | — | — | 22,196,005 | ||||||||||||
|
|
|
|
|
|
|
|
|||||||||
$ | 22,196,005 | $ | 301,236,780 | $ | — | $ | 323,432,785 | |||||||||
|
|
|
|
|
|
|
|
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 |
81 |
Schedule of Investments October 31, 2021 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security |
Par (000) |
Value | ||||||
Corporate Bonds & Notes |
||||||||
Aerospace & Defense — 0.8% |
||||||||
Boeing Co. (The), 3.20%, 03/01/29 (Call 12/01/28) |
$ | 502 | $ | 520,122 | ||||
L3Harris Technologies Inc., 2.90%, 12/15/29 (Call 09/15/29) |
331 | 345,865 | ||||||
Raytheon Technologies Corp., 7.50%, 09/15/29 |
200 | 275,318 | ||||||
|
|
|||||||
1,141,305 | ||||||||
Agriculture — 1.4% | ||||||||
Altria Group Inc., 4.80%, 02/14/29 (Call 11/14/28) |
958 | 1,091,957 | ||||||
BAT Capital Corp., 3.46%, 09/06/29 (Call 06/06/29) |
327 | 341,182 | ||||||
Philip Morris International Inc., 3.38%, 08/15/29 (Call 05/15/29)(a) |
491 | 534,645 | ||||||
|
|
|||||||
1,967,784 | ||||||||
Airlines — 0.2% | ||||||||
American Airlines Pass Through Trust |
||||||||
Series 2017-1, Class AA, 3.65%, 02/15/29 |
78 | 81,867 | ||||||
Series 2017-2, Class AA, 3.35%, 04/15/31 |
158 | 161,667 | ||||||
|
|
|||||||
243,534 | ||||||||
Auto Manufacturers — 0.7% | ||||||||
General Motors Financial Co. Inc., 5.65%, 01/17/29 (Call 10/17/28) |
342 | 407,989 | ||||||
Toyota Motor Corp., 2.76%, 07/02/29 |
162 | 171,350 | ||||||
Toyota Motor Credit Corp., 3.65%, 01/08/29 |
357 | 399,976 | ||||||
|
|
|||||||
979,315 | ||||||||
Auto Parts & Equipment — 0.3% | ||||||||
Aptiv PLC, 4.35%, 03/15/29 (Call 12/15/28) |
155 | 176,565 | ||||||
Lear Corp., 4.25%, 05/15/29 (Call 02/15/29) |
264 | 294,838 | ||||||
|
|
|||||||
471,403 | ||||||||
Banks — 8.2% | ||||||||
Banco Santander SA, 3.31%, 06/27/29(a) |
557 | 596,720 | ||||||
Bank of New York Mellon Corp. (The), 3.30%, 08/23/29 (Call 05/23/29) |
490 | 533,801 | ||||||
Comerica Inc., 4.00%, 02/01/29 (Call 10/31/28) |
413 | 468,524 | ||||||
ING Groep NV, 4.05%, 04/09/29 |
364 | 411,207 | ||||||
KeyBank N.A./Cleveland OH, 3.90%, 04/13/29 (Call 03/13/29) |
221 | 245,354 | ||||||
KeyCorp., 2.55%, 10/01/29 |
485 | 500,195 | ||||||
Mitsubishi UFJ Financial Group Inc. |
||||||||
3.20%, 07/18/29 |
935 | 991,661 | ||||||
3.74%, 03/07/29 |
571 | 630,658 | ||||||
Northern Trust Corp., 3.15%, 05/03/29 (Call 02/03/29) |
396 | 430,567 | ||||||
PNC Bank N.A., 2.70%, 10/22/29 |
511 | 532,503 | ||||||
PNC Financial Services Group Inc. (The), 3.45%, 04/23/29 (Call 01/23/29) |
826 | 908,063 | ||||||
Sumitomo Mitsui Financial Group Inc. |
||||||||
2.72%, 09/27/29 |
252 | 258,592 | ||||||
3.04%, 07/16/29 |
1,265 | 1,326,340 | ||||||
3.20%, 09/17/29 |
270 | 282,620 | ||||||
Truist Financial Corp., 3.88%, 03/19/29 (Call 02/19/29) |
378 | 423,281 | ||||||
U.S. Bancorp., 3.00%, 07/30/29 (Call 04/30/29) |
666 | 709,190 | ||||||
Webster Financial Corp., 4.10%, 03/25/29 (Call 12/25/28) |
205 | 225,861 | ||||||
Wells Fargo & Co., 4.15%, 01/24/29 (Call 10/24/28) |
1,465 | 1,648,242 | ||||||
Wintrust Financial Corp., 4.85%, 06/06/29 |
90 | 97,480 | ||||||
Zions Bancorp. N.A., 3.25%, 10/29/29 (Call 07/29/29)(a) |
360 | 372,733 | ||||||
|
|
|||||||
11,593,592 | ||||||||
Beverages — 3.4% | ||||||||
Anheuser-Busch InBev Worldwide Inc., 4.75%, 01/23/29 (Call 10/23/28)(a) |
1,726 | 2,026,065 | ||||||
Coca-Cola Co. (The), 2.13%, 09/06/29 |
679 | 691,480 | ||||||
Constellation Brands Inc., 3.15%, 08/01/29 (Call 05/01/29) |
551 | 584,796 | ||||||
Diageo Capital PLC, 2.38%, 10/24/29 (Call 07/24/29) |
631 | 646,863 |
Security |
Par (000) |
Value | ||||||
Beverages (continued) | ||||||||
PepsiCo Inc. |
||||||||
2.63%, 07/29/29 (Call 04/29/29) |
$ | 614 | $ | 648,102 | ||||
7.00%, 03/01/29 |
119 | 162,778 | ||||||
|
|
|||||||
4,760,084 | ||||||||
Building Materials — 0.5% | ||||||||
Fortune Brands Home & Security Inc., 3.25%, 09/15/29 (Call 06/15/29) |
475 | 509,703 | ||||||
Owens Corning, 3.95%, 08/15/29 (Call 05/15/29)(a) |
230 | 256,519 | ||||||
|
|
|||||||
766,222 | ||||||||
Chemicals — 2.5% | ||||||||
Cabot Corp., 4.00%, 07/01/29 (Call 04/01/29) |
175 | 190,038 | ||||||
Dow Chemical Co. (The), 7.38%, 11/01/29 |
489 | 661,861 | ||||||
FMC Corp., 3.45%, 10/01/29 (Call 07/01/29) |
368 | 396,078 | ||||||
Huntsman International LLC, 4.50%, 05/01/29 (Call 02/01/29) |
464 | 521,239 | ||||||
Nutrien Ltd., 4.20%, 04/01/29 (Call 01/01/29) |
455 | 515,993 | ||||||
PPG Industries Inc., 2.80%, 08/15/29 (Call 05/15/29) |
179 | 187,207 | ||||||
Rohm & Haas Co., 7.85%, 07/15/29 |
150 | 205,594 | ||||||
RPM International Inc., 4.55%, 03/01/29 (Call 12/01/28) |
283 | 322,493 | ||||||
Sherwin-Williams Co. (The), 2.95%, 08/15/29 (Call 05/15/29) |
484 | 511,903 | ||||||
|
|
|||||||
3,512,406 | ||||||||
Commercial Services — 2.5% | ||||||||
Global Payments Inc., 3.20%, 08/15/29 (Call 05/15/29) |
781 | 816,871 | ||||||
Moody’s Corp., 4.25%, 02/01/29 (Call 11/01/28)(a) |
312 | 356,100 | ||||||
PayPal Holdings Inc., 2.85%, 10/01/29 (Call 07/01/29) |
774 | 817,607 | ||||||
RELX Capital Inc., 4.00%, 03/18/29 (Call 12/18/28) |
620 | 692,652 | ||||||
S&P Global Inc., 2.50%, 12/01/29 (Call 09/01/29)(a) |
437 | 453,440 | ||||||
Verisk Analytics Inc., 4.13%, 03/15/29 (Call 12/15/28) |
319 | 360,425 | ||||||
|
|
|||||||
3,497,095 | ||||||||
Computers — 2.6% | ||||||||
Apple Inc., 2.20%, 09/11/29 (Call 06/11/29) |
800 | 817,328 | ||||||
Dell International LLC/EMC Corp., 5.30%, 10/01/29 (Call 07/01/29)(a) |
840 | 1,010,234 | ||||||
International Business Machines Corp., 3.50%, 05/15/29 |
1,695 | 1,855,551 | ||||||
|
|
|||||||
3,683,113 | ||||||||
Cosmetics & Personal Care — 0.6% | ||||||||
Estee Lauder Companies Inc. (The), 2.38%, 12/01/29 (Call 09/01/29) |
407 | 420,728 | ||||||
Unilever Capital Corp., 2.13%, 09/06/29 (Call 06/06/29) |
486 | 495,176 | ||||||
|
|
|||||||
915,904 | ||||||||
Diversified Financial Services — 2.6% | ||||||||
Air Lease Corp., 3.25%, 10/01/29 (Call 07/01/29) |
254 | 264,421 | ||||||
Brookfield Finance Inc., 4.85%, 03/29/29 (Call 12/29/28)(a) |
605 | 706,519 | ||||||
Charles Schwab Corp. (The) |
||||||||
2.75%, 10/01/29 (Call 07/01/29) |
308 | 323,286 | ||||||
3.25%, 05/22/29 (Call 02/22/29) |
590 | 640,581 | ||||||
4.00%, 02/01/29 (Call 11/01/28) |
198 | 224,273 | ||||||
Lazard Group LLC, 4.38%, 03/11/29 (Call 12/11/28) |
371 | 419,167 | ||||||
Mastercard Inc., 2.95%, 06/01/29 (Call 03/01/29) |
555 | 596,214 | ||||||
Synchrony Financial, 5.15%, 03/19/29 (Call 12/19/28) |
387 | 450,712 | ||||||
|
|
|||||||
3,625,173 | ||||||||
Electric — 6.2% | ||||||||
Arizona Public Service Co., 2.60%, 08/15/29 (Call 05/15/29) |
299 | 307,345 | ||||||
Avangrid Inc., 3.80%, 06/01/29 (Call 03/01/29) |
453 | 503,614 | ||||||
Black Hills Corp., 3.05%, 10/15/29 (Call 07/15/29) |
245 | 257,199 | ||||||
DTE Energy Co., Series C, 3.40%, 06/15/29 (Call 03/15/29) |
336 | 361,177 | ||||||
Duke Energy Carolinas LLC, 2.45%, 08/15/29 (Call 05/15/29) . |
270 | 278,054 | ||||||
Duke Energy Corp., 3.40%, 06/15/29 (Call 03/15/29) |
371 | 399,923 | ||||||
Duke Energy Florida LLC, 2.50%, 12/01/29 (Call 09/01/29) |
271 | 279,878 | ||||||
Duke Energy Ohio Inc., 3.65%, 02/01/29 (Call 11/01/28) |
215 | 236,119 |
82 |
2 0 2 1 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, 2021 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Electric (continued) | ||||||||
Duke Energy Progress LLC, 3.45%, 03/15/29 (Call 12/15/28) |
$ | 257 | $ | 281,860 | ||||
Entergy
Texas Inc., 4.00%, 03/30/29 |
174 | 193,657 | ||||||
Evergy Inc., 2.90%, 09/15/29 (Call 06/15/29) |
455 | 474,588 | ||||||
Eversource Energy, Series O, 4.25%, 04/01/29 (Call 01/01/29) |
223 | 253,315 | ||||||
Georgia Power Co., Series B, 2.65%, 09/15/29 (Call 06/15/29) |
316 | 326,608 | ||||||
Interstate Power & Light Co., 3.60%, 04/01/29 (Call 01/01/29) |
59 | 64,886 | ||||||
MidAmerican Energy Co., 3.65%, 04/15/29 (Call 01/15/29)(a) |
410 | 455,567 | ||||||
National Rural Utilities Cooperative Finance Corp., 3.70%, 03/15/29 (Call 12/15/28) |
242 | 270,300 | ||||||
Nevada Power Co., Series CC, 3.70%, 05/01/29 (Call 02/01/29) |
208 | 231,227 | ||||||
NextEra Energy Capital Holdings Inc. |
||||||||
2.75%, 11/01/29 (Call 08/01/29) |
476 | 493,807 | ||||||
3.50%, 04/01/29 (Call 01/01/29) |
360 | 391,954 | ||||||
NSTAR Electric Co., 3.25%, 05/15/29 (Call 02/15/29) |
188 | 204,181 | ||||||
Oncor Electric Delivery Co. LLC, 5.75%, 03/15/29 (Call 12/15/28) |
85 | 105,457 | ||||||
PacifiCorp., 3.50%, 06/15/29 (Call 03/15/29) |
193 | 211,526 | ||||||
Public Service Electric & Gas Co., 3.20%, 05/15/29 (Call 02/15/29) |
170 | 184,482 | ||||||
Southern California Edison Co. |
||||||||
2.85%, 08/01/29 (Call 05/01/29) |
209 | 215,788 | ||||||
6.65%, 04/01/29 |
202 | 252,134 | ||||||
Series A, 4.20%, 03/01/29 (Call 12/01/28) |
330 | 369,320 | ||||||
Union Electric Co., 3.50%, 03/15/29 (Call 12/15/28) |
226 | 247,642 | ||||||
Virginia Electric & Power Co., Series A, 2.88%, 07/15/29 (Call 04/15/29) |
306 | 323,353 | ||||||
Wisconsin Power and Light Co., 3.00%, 07/01/29 (Call 04/01/29) |
290 | 309,244 | ||||||
Xcel Energy Inc., 2.60%, 12/01/29 (Call 06/01/29) |
321 | 330,874 | ||||||
|
|
|||||||
8,815,079 | ||||||||
Electronics — 1.5% | ||||||||
Agilent Technologies Inc., 2.75%, 09/15/29 (Call 06/15/29) |
393 | 408,712 | ||||||
Allegion PLC, 3.50%, 10/01/29 (Call 07/01/29)(a) |
195 | 209,752 | ||||||
Amphenol Corp., 4.35%, 06/01/29 (Call 03/01/29) |
240 | 276,322 | ||||||
Flex Ltd., 4.88%, 06/15/29 (Call 03/15/29) |
410 | 466,268 | ||||||
Honeywell International Inc., 2.70%, 08/15/29 (Call 05/15/29) |
380 | 401,614 | ||||||
Keysight Technologies Inc., 3.00%, 10/30/29 (Call 07/30/29) |
353 | 371,134 | ||||||
|
|
|||||||
2,133,802 | ||||||||
Environmental Control — 0.4% | ||||||||
Waste Connections Inc., 3.50%, 05/01/29 (Call 02/01/29) |
302 | 329,328 | ||||||
Waste Management Inc., 2.00%, 06/01/29 (Call 04/01/29)(a) |
170 | 169,306 | ||||||
|
|
|||||||
498,634 | ||||||||
Food — 1.2% | ||||||||
Ahold Finance USA LLC, 6.88%, 05/01/29 |
206 | 270,659 | ||||||
Hershey Co. (The), 2.45%, 11/15/29 (Call 08/15/29) |
176 | 182,715 | ||||||
Kroger Co. (The), 4.50%, 01/15/29 (Call 10/15/28)(a) |
366 | 425,980 | ||||||
Tyson Foods Inc., 4.35%, 03/01/29 (Call 12/01/28) |
658 | 756,970 | ||||||
|
|
|||||||
1,636,324 | ||||||||
Forest Products & Paper — 0.9% | ||||||||
Georgia-Pacific LLC, 7.75%, 11/15/29 |
170 | 240,113 | ||||||
Suzano Austria GmbH, 6.00%, 01/15/29 (Call 10/15/28) |
855 | 982,720 | ||||||
|
|
|||||||
1,222,833 | ||||||||
Gas — 0.6% | ||||||||
Atmos Energy Corp., 2.63%, 09/15/29 (Call 06/15/29) |
95 | 98,149 | ||||||
NiSource Inc., 2.95%, 09/01/29 (Call 06/01/29) |
425 | 443,024 |
Security | Par (000) |
Value | ||||||
Gas (continued) | ||||||||
Piedmont Natural Gas Co. Inc., 3.50%, 06/01/29 (Call 03/01/29) |
$ | 354 | $ | 382,313 | ||||
|
|
|||||||
923,486 | ||||||||
Health Care - Products — 1.8% | ||||||||
Boston Scientific Corp., 4.00%, 03/01/29 (Call 12/01/28) |
585 | 657,347 | ||||||
DH Europe Finance II Sarl, 2.60%, 11/15/29 (Call 08/15/29)(a) |
551 | 571,850 | ||||||
PerkinElmer Inc., 3.30%, 09/15/29 (Call 06/15/29) |
572 | 612,423 | ||||||
Thermo Fisher Scientific Inc., 2.60%, 10/01/29 (Call 07/01/29) |
616 | 640,757 | ||||||
|
|
|||||||
2,482,377 | ||||||||
Health Care - Services — 3.6% | ||||||||
Adventist Health System/West, 2.95%, 03/01/29 (Call 12/01/28) |
160 | 167,926 | ||||||
Anthem Inc., 2.88%, 09/15/29 (Call 06/15/29) |
499 | 523,611 | ||||||
Ascension Health, Series B, 2.53%, 11/15/29 (Call 08/15/29) |
328 | 342,052 | ||||||
CommonSpirit Health, 3.35%, 10/01/29 (Call 04/01/29) |
594 | 632,182 | ||||||
HCA Inc., 4.13%, 06/15/29 (Call 03/15/29) |
957 | 1,060,614 | ||||||
Humana Inc., 3.13%, 08/15/29 (Call 05/15/29) |
346 | 366,684 | ||||||
Laboratory Corp. of America Holdings, 2.95%, 12/01/29 (Call 09/01/29) |
450 | 472,212 | ||||||
Providence St Joseph Health Obligated Group, Series 19A, 2.53%, 10/01/29 (Call 07/01/29)(a) |
356 | 369,186 | ||||||
Quest Diagnostics Inc., 4.20%, 06/30/29 (Call 03/30/29) |
380 | 431,920 | ||||||
Rush Obligated Group, Series 2020, 3.92%, 11/15/29 (Call 08/15/29) |
169 | 190,012 | ||||||
UnitedHealth Group Inc., 2.88%, 08/15/29 |
556 | 591,484 | ||||||
|
|
|||||||
5,147,883 | ||||||||
Home Furnishings — 0.6% | ||||||||
Leggett & Platt Inc., 4.40%, 03/15/29 (Call 12/15/28) |
269 | 305,697 | ||||||
Whirlpool Corp., 4.75%, 02/26/29 (Call 11/26/28) |
473 | 549,560 | ||||||
|
|
|||||||
855,257 | ||||||||
Household Products & Wares — 0.3% | ||||||||
Kimberly-Clark Corp., 3.20%, 04/25/29 (Call 01/25/29)(a) |
364 | 397,437 | ||||||
|
|
|||||||
Insurance — 4.1% | ||||||||
American International Group Inc., 4.25%, 03/15/29 (Call 12/15/28)(a) |
327 | 371,678 | ||||||
Aon Corp., 3.75%, 05/02/29 (Call 02/02/29) |
436 | 483,323 | ||||||
AXIS Specialty Finance LLC, 3.90%, 07/15/29 (Call 04/15/29) |
118 | 130,002 | ||||||
Brown & Brown Inc., 4.50%, 03/15/29 (Call 12/15/28) |
130 | 147,655 | ||||||
CNA Financial Corp., 3.90%, 05/01/29 (Call 02/01/29) |
202 | 224,004 | ||||||
CNO Financial Group Inc., 5.25%, 05/30/29 (Call 02/28/29) |
346 | 403,844 | ||||||
Enstar Group Ltd., 4.95%, 06/01/29 (Call 03/01/29) |
314 | 353,727 | ||||||
Hartford Financial Services Group Inc. (The), 2.80%, 08/19/29 (Call 05/19/29) |
374 | 389,753 | ||||||
Markel Corp., 3.35%, 09/17/29 (Call 06/17/29) |
210 | 226,775 | ||||||
Marsh & McLennan Companies Inc., 4.38%, 03/15/29 (Call 12/15/28) |
768 | 887,401 | ||||||
PartnerRe Finance B LLC, 3.70%, 07/02/29 (Call 04/02/29) |
233 | 255,739 | ||||||
Principal Financial Group Inc., 3.70%, 05/15/29 (Call 02/15/29) |
287 | 318,074 | ||||||
Progressive Corp. (The) |
||||||||
4.00%, 03/01/29 (Call 12/01/28)(a) |
324 | 368,686 | ||||||
6.63%, 03/01/29(a) |
44 | 57,260 | ||||||
Reinsurance Group of America Inc., 3.90%, 05/15/29 (Call 02/15/29) |
373 | 413,855 | ||||||
RenaissanceRe Holdings Ltd., 3.60%, 04/15/29 (Call 01/15/29) |
272 | 296,861 | ||||||
Unum Group, 4.00%, 06/15/29 (Call 03/15/29) |
95 | 105,087 |
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, 2021 |
iShares® iBonds® Dec 2029 Term Corporate ETF (Percentages shown are based on Net Assets) |
Security | Par (000) |
Value | ||||||
Insurance (continued) | ||||||||
Willis North America Inc., 2.95%, 09/15/29 (Call 06/15/29) |
$ | 418 | $ | 431,472 | ||||
|
|
|||||||
5,865,196 | ||||||||
Iron & Steel — 0.1% | ||||||||
ArcelorMittal SA, 4.25%, 07/16/29(a) |
70 | 76,688 | ||||||
|
|
|||||||
Lodging — 0.7% | ||||||||
Choice Hotels International Inc., 3.70%, 12/01/29 (Call 09/01/29) |
240 | 255,206 | ||||||
Las Vegas Sands Corp., 3.90%, 08/08/29 (Call 05/08/29)(a) |
405 | 410,516 | ||||||
Sands
China Ltd., 2.85%, 03/08/29 |
325 | 304,038 | ||||||
|
|
|||||||
969,760 | ||||||||
Machinery — 1.1% | ||||||||
Caterpillar Inc., 2.60%, 09/19/29 (Call 06/19/29) |
338 | 354,045 | ||||||
Deere & Co., 5.38%, 10/16/29 |
225 | 281,392 | ||||||
Dover Corp., 2.95%, 11/04/29 (Call 08/04/29) |
30 | 31,691 | ||||||
John Deere Capital Corp. |
||||||||
2.80%, 07/18/29(a) |
391 | 416,114 | ||||||
3.45%, 03/07/29 |
205 | 226,826 | ||||||
Rockwell Automation Inc., 3.50%, 03/01/29 (Call 12/01/28) |
270 | 299,702 | ||||||
|
|
|||||||
1,609,770 | ||||||||
Manufacturing — 1.7% | ||||||||
3M Co. |
||||||||
2.38%, 08/26/29 (Call 05/26/29) |
531 | 546,171 | ||||||
3.38%, 03/01/29 (Call 12/01/28) |
376 | 412,385 | ||||||
Parker-Hannifin Corp., 3.25%, 06/14/29 (Call 03/14/29) |
530 | 568,065 | ||||||
Pentair Finance Sarl, 4.50%, 07/01/29 (Call 04/01/29) |
170 | 193,587 | ||||||
Textron Inc., 3.90%, 09/17/29 (Call 06/17/29) |
229 | 253,558 | ||||||
Trane Technologies Luxembourg Finance SA, 3.80%, 03/21/29 (Call 12/21/28) |
440 | 486,851 | ||||||
|
|
|||||||
2,460,617 | ||||||||
Media — 3.3% | ||||||||
Charter Communications Operating LLC/Charter Communications Operating Capital |
||||||||
2.25%, 01/15/29 (Call 11/15/28) |
655 | 643,354 | ||||||
5.05%, 03/30/29 (Call 12/30/28) |
746 | 869,903 | ||||||
Discovery Communications LLC, 4.13%, 05/15/29 (Call 02/15/29)(a) |
503 | 558,853 | ||||||
Fox Corp., 4.71%, 01/25/29 (Call 10/25/28) |
1,064 | 1,229,239 | ||||||
ViacomCBS Inc., 4.20%, 06/01/29 (Call 03/01/29)(a) |
377 | 425,497 | ||||||
Walt Disney Co. (The), 2.00%, 09/01/29 (Call 06/01/29)(a) |
1,018 | 1,019,843 | ||||||
|
|
|||||||
4,746,689 | ||||||||
Mining — 0.3% | ||||||||
Newmont Corp., 2.80%, 10/01/29 (Call 07/01/29) |
476 | 490,290 | ||||||
|
|
|||||||
Office & Business Equipment — 0.1% | ||||||||
CDW LLC/CDW Finance Corp., 3.25%, 02/15/29 (Call 08/15/23) |
122 | 123,691 | ||||||
|
|
|||||||
Office Furnishings — 0.2% | ||||||||
Steelcase Inc., 5.13%, 01/18/29 (Call 10/18/28) |
249 | 283,382 | ||||||
|
|
|||||||
Oil & Gas — 4.4% | ||||||||
Cenovus Energy Inc., 4.40%, 04/15/29 (Call 01/15/29)(a) |
392 | 439,134 | ||||||
Chevron USA Inc., 3.25%, 10/15/29 (Call 07/15/29) |
355 | 388,863 | ||||||
ConocoPhillips Co., 6.95%, 04/15/29 |
822 | 1,090,605 | ||||||
Coterra Energy Inc., 4.38%, 03/15/29 (Call 02/15/27)(b) |
335 | 380,252 | ||||||
Diamondback Energy Inc., 3.50%, 12/01/29 (Call 09/01/29) |
687 | 732,850 | ||||||
Exxon Mobil Corp., 2.44%, 08/16/29 (Call 05/16/29) |
707 | 730,218 | ||||||
Hess Corp., 7.88%, 10/01/29 |
180 | 244,424 | ||||||
Shell International Finance BV, 2.38%, 11/07/29 (Call 08/07/29) |
772 | 793,662 |
Security |
Par (000) |
Value | ||||||
Oil & Gas (continued) | ||||||||
TotalEnergies Capital International SA, 3.46%, 02/19/29 (Call 11/19/28) |
$ | 658 | $ | 725,057 | ||||
Valero Energy Corp., 4.00%, 04/01/29 (Call 01/01/29)(a) |
605 | 663,994 | ||||||
|
|
|||||||
6,189,059 | ||||||||
Oil & Gas Services — 0.5% | ||||||||
Baker Hughes a GE Co. LLC/Baker Hughes Co-Obligor Inc., 3.14%, 11/07/29 (Call 08/07/29) |
336 | 357,188 | ||||||
NOV Inc., 3.60%, 12/01/29 (Call 09/01/29)(a) |
339 | 357,160 | ||||||
|
|
|||||||
714,348 | ||||||||
Packaging & Containers — 0.7% | ||||||||
Packaging Corp. of America, 3.00%, 12/15/29 (Call 09/15/29) |
375 | 394,729 | ||||||
WRKCo Inc., 4.90%, 03/15/29 (Call 12/15/28) |
477 | 559,554 | ||||||
|
|
|||||||
954,283 | ||||||||
Pharmaceuticals — 6.6% | ||||||||
AbbVie Inc., 3.20%, 11/21/29 (Call 08/21/29) |
2,249 | 2,405,508 | ||||||
AstraZeneca PLC, 4.00%, 01/17/29 (Call 10/17/28) |
667 | 758,819 | ||||||
Bristol-Myers Squibb Co., 3.40%, 07/26/29 (Call 04/26/29) |
1,538 | 1,691,047 | ||||||
CVS Health Corp., 3.25%, 08/15/29 (Call 05/15/29) |
926 | 989,116 | ||||||
Eli Lilly & Co., 3.38%, 03/15/29 (Call 12/15/28) |
641 | 706,690 | ||||||
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29 (Call 03/01/29)(a) |
623 | 682,353 | ||||||
Johnson & Johnson, 6.95%, 09/01/29 |
60 | 82,121 | ||||||
Merck & Co. Inc., 3.40%, 03/07/29 (Call 12/07/28) |
901 | 989,280 | ||||||
Pfizer Inc., 3.45%, 03/15/29 (Call 12/15/28) |
977 | 1,080,249 | ||||||
|
|
|||||||
9,385,183 | ||||||||
Pipelines — 4.2% | ||||||||
Boardwalk Pipelines LP, 4.80%, 05/03/29 (Call 02/03/29) |
215 | 244,724 | ||||||
Cheniere Corpus Christi Holdings LLC, 3.70%, 11/15/29 (Call 05/18/29) |
578 | 621,466 | ||||||
Eastern Gas Transmission & Storage Inc., 3.00%, 11/15/29 (Call 08/15/29)(b) |
373 | 389,043 | ||||||
Enable Midstream Partners LP, 4.15%, 09/15/29 (Call 06/15/29)(a) |
299 | 323,022 | ||||||
Enbridge Inc., 3.13%, 11/15/29 (Call 08/15/29)(a) |
448 | 473,912 | ||||||
Energy Transfer LP, 5.25%, 04/15/29 (Call 01/15/29) |
807 | 935,862 | ||||||
Enterprise Products Operating LLC, 3.13%, 07/31/29 (Call 04/30/29)(a) |
696 | 741,525 | ||||||
MPLX LP, 4.80%, 02/15/29 (Call 11/15/28) |
506 | 582,816 | ||||||
ONEOK Inc. |
||||||||
3.40%, 09/01/29 (Call 06/01/29) |
458 | 481,532 | ||||||
4.35%, 03/15/29 (Call 12/15/28) |
346 | 385,094 | ||||||
Phillips 66 Partners LP, 3.15%, 12/15/29 (Call 09/15/29) |
205 | 213,872 | ||||||
Plains All American Pipeline LP/PAA Finance Corp., 3.55%, 12/15/29 (Call 09/15/29) |
488 | 509,150 | ||||||
|
|
|||||||
5,902,018 | ||||||||
Real Estate Investment Trusts — 10.9% | ||||||||
Alexandria Real Estate Equities Inc. |
||||||||
2.75%, 12/15/29 (Call 09/15/29) |
315 | 326,154 | ||||||
4.50%, 07/30/29 (Call 04/30/29) |
155 | 179,619 | ||||||
American Campus Communities Operating Partnership LP, 2.25%, 01/15/29 (Call 11/15/28) |
200 | 198,478 | ||||||
American Homes 4 Rent LP, 4.90%, 02/15/29 (Call 11/15/28) |
201 | 233,771 | ||||||
American Tower Corp. |
||||||||
3.80%, 08/15/29 (Call 05/15/29) |
836 | 919,123 | ||||||
3.95%, 03/15/29 (Call 12/15/28) |
423 | 467,309 | ||||||
AvalonBay Communities Inc., 3.30%, 06/01/29 (Call 03/01/29) |
241 | 261,377 | ||||||
Boston Properties LP, 3.40%, 06/21/29 (Call 03/21/29) |
491 | 526,426 | ||||||
Brandywine Operating Partnership LP, 4.55%, 10/01/29 (Call 07/01/29)(a) |
115 | 127,811 |
84 |
2 0 2 1 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 |