Schedule of Investments (unaudited) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Corporate Bonds & Notes | ||||||||
Advertising — 1.4% | ||||||||
Advantage Sales & Marketing Inc., 6.50%, 11/15/28 (Call 11/15/23)(a)(b) | $ | 230 | $ | 209,339 | ||||
Clear Channel Outdoor Holdings Inc. | ||||||||
5.13%, 08/15/27 (Call 08/29/22)(a)(b) | 350 | 324,936 | ||||||
7.50%, 06/01/29 (Call 06/01/24)(a)(b) | 300 | 243,702 | ||||||
7.75%, 04/15/28 (Call 04/15/24)(a)(b) | 280 | 225,546 | ||||||
National CineMedia LLC, 5.88%, 04/15/28 (Call 04/15/23)(a) | 125 | 90,349 | ||||||
Outfront Media Capital LLC/Outfront Media Capital Corp. | ||||||||
4.25%, 01/15/29 (Call 01/15/24)(a) | 135 | 116,037 | ||||||
4.63%, 03/15/30 (Call 03/15/25)(a)(b) | 140 | 118,917 | ||||||
5.00%, 08/15/27 (Call 08/15/22)(a)(b) | 195 | 183,337 | ||||||
6.25%, 06/15/25 (Call 08/29/22)(a) | 90 | 89,169 | ||||||
Stagwell Global LLC, 5.63%, 08/15/29 (Call 08/15/24)(a) | 310 | 260,989 | ||||||
1,862,321 | ||||||||
Aerospace & Defense — 3.6% | ||||||||
Hexcel Corp., 4.20%, 02/15/27 (Call 11/15/26) | 100 | 96,704 | ||||||
Howmet Aerospace Inc. | ||||||||
3.00%, 01/15/29 (Call 11/15/28)(b) | 215 | 192,462 | ||||||
5.13%, 10/01/24 (Call 07/01/24) | 295 | 298,286 | ||||||
5.90%, 02/01/27(b) | 175 | 181,996 | ||||||
5.95%, 02/01/37 | 175 | 176,764 | ||||||
6.88%, 05/01/25 (Call 04/01/25) | 180 | 190,202 | ||||||
Spirit AeroSystems Inc. | ||||||||
4.60%, 06/15/28 (Call 03/15/28) | 210 | 175,514 | ||||||
5.50%, 01/15/25 (Call 10/15/22)(a) | 135 | 134,413 | ||||||
7.50%, 04/15/25 (Call 08/29/22)(a) | 335 | 333,496 | ||||||
TransDigm Inc. | ||||||||
4.63%, 01/15/29 (Call 01/15/24) | 265 | 238,394 | ||||||
4.88%, 05/01/29 (Call 05/01/24) | 190 | 170,071 | ||||||
5.50%, 11/15/27 (Call 11/15/22)(b) | 610 | 575,523 | ||||||
6.25%, 03/15/26 (Call 08/29/22)(a) | 990 | 994,089 | ||||||
6.38%, 06/15/26 (Call 08/29/22)(b) | 205 | 205,061 | ||||||
7.50%, 03/15/27 (Call 08/29/22) | 130 | 132,191 | ||||||
8.00%, 12/15/25 (Call 08/29/22)(a) | 250 | 258,777 | ||||||
TransDigm UK Holdings PLC, 6.88%, 05/15/26 (Call 08/29/22) | 100 | 98,670 | ||||||
Triumph Group Inc. | ||||||||
6.25%, 09/15/24 (Call 08/29/22)(a) | 135 | 129,371 | ||||||
7.75%, 08/15/25 (Call 08/29/22)(b) | 155 | 132,999 | ||||||
8.88%, 06/01/24 (Call 02/01/23)(a) | 166 | 173,158 | ||||||
4,888,141 | ||||||||
Agriculture — 0.2% | ||||||||
Darling Ingredients Inc. | ||||||||
5.25%, 04/15/27 (Call 08/09/22)(a) | 125 | 125,271 | ||||||
6.00%, 06/15/30 (Call 06/15/25)(a) | 197 | 204,640 | ||||||
329,911 | ||||||||
Airlines — 0.3% | ||||||||
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26 (Call 01/20/24)(a) | 340 | 331,102 | ||||||
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25 (Call 09/20/23)(a) | 125 | 130,245 | ||||||
461,347 | ||||||||
Apparel — 0.8% | ||||||||
Hanesbrands Inc. | ||||||||
4.63%, 05/15/24 (Call 02/15/24)(a)(b) | 255 | 253,549 | ||||||
4.88%, 05/15/26 (Call 02/15/26)(a) | 255 | 249,823 | ||||||
Kontoor Brands Inc., 4.13%, 11/15/29 (Call 11/15/24)(a) | 104 | 88,186 | ||||||
Levi Strauss & Co., 3.50%, 03/01/31 (Call 03/01/26)(a)(b) | 140 | 126,970 |
Security | Par (000) | Value | ||||||
Apparel (continued) | ||||||||
Under Armour Inc., 3.25%, 06/15/26 (Call 03/15/26)(b) | $ | 150 | $ | 138,867 | ||||
William Carter Co. (The), 5.63%, 03/15/27 (Call 08/29/22)(a) | 135 | 133,958 | ||||||
Wolverine World Wide Inc., 4.00%, 08/15/29 (Call 08/15/24)(a)(b) | 150 | 130,722 | ||||||
1,122,075 | ||||||||
Auto Manufacturers — 0.3% | ||||||||
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)(a) | 325 | 343,077 | ||||||
Wabash National Corp., 4.50%, 10/15/28 (Call 10/15/24)(a) | 110 | 91,093 | ||||||
434,170 | ||||||||
Auto Parts & Equipment — 1.2% | ||||||||
Adient Global Holdings Ltd., 4.88%, 08/15/26 (Call 08/30/22)(a) | 250 | 233,043 | ||||||
American Axle & Manufacturing Inc. | ||||||||
5.00%, 10/01/29 (Call 10/01/24)(b) | 175 | 153,020 | ||||||
6.50%, 04/01/27 (Call 08/29/22) | 130 | 124,784 | ||||||
6.88%, 07/01/28 (Call 07/01/23)(b) | 125 | 120,239 | ||||||
Cooper-Standard Automotive Inc., 5.63%, 11/15/26 (Call 08/15/22)(a)(b) | 120 | 56,575 | ||||||
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 08/29/22)(a) | 95 | 93,357 | ||||||
Dana Inc. | ||||||||
4.25%, 09/01/30 (Call 05/01/26) | 120 | 101,012 | ||||||
5.38%, 11/15/27 (Call 11/15/22) | 110 | 103,409 | ||||||
5.63%, 06/15/28 (Call 06/15/23) | 125 | 116,899 | ||||||
Tenneco Inc. | ||||||||
5.00%, 07/15/26 (Call 08/29/22) | 110 | 107,978 | ||||||
5.13%, 04/15/29 (Call 04/15/24)(a) | 275 | 271,634 | ||||||
7.88%, 01/15/29 (Call 01/15/24)(a) | 165 | 163,632 | ||||||
1,645,582 | ||||||||
Banks — 0.4% | ||||||||
Commerzbank AG, 8.13%, 09/19/23(a) | 275 | 281,748 | ||||||
Dresdner Funding Trust I, 8.15%, 06/30/31 (Call 06/30/29)(a) | 275 | 301,367 | ||||||
583,115 | ||||||||
Beverages — 0.1% | ||||||||
Primo Water Holdings Inc., 4.38%, 04/30/29 (Call 04/30/24)(a) | 210 | 181,587 | ||||||
Biotechnology — 0.2% | ||||||||
Emergent BioSolutions Inc., 3.88%, 08/15/28 (Call 08/15/23)(a)(b) | 125 | 94,906 | ||||||
Grifols Escrow Issuer SA, 4.75%, 10/15/28 (Call 10/15/24)(a) | 190 | 168,737 | ||||||
263,643 | ||||||||
Building Materials — 1.5% | ||||||||
Boise Cascade Co., 4.88%, 07/01/30 (Call 07/01/25)(a)(b) | 110 | 99,719 | ||||||
Builders FirstSource Inc. | ||||||||
4.25%, 02/01/32 (Call 08/01/26)(a) | 380 | 325,778 | ||||||
5.00%, 03/01/30 (Call 03/01/25)(a)(b) | 170 | 158,380 | ||||||
6.38%, 06/15/32 (Call 06/15/27)(a) | 180 | 177,788 | ||||||
Camelot Return Merger Sub Inc., 8.75%, 08/01/28(a) | 125 | 116,179 | ||||||
Cornerstone Building Brands Inc., 6.13%, 01/15/29 (Call 09/15/23)(a) | 130 | 87,123 | ||||||
Griffon Corp., 5.75%, 03/01/28 (Call 03/01/23) | 285 | 270,875 | ||||||
James Hardie International Finance DAC, 5.00%, 01/15/28 (Call 01/15/23)(a) | 125 | 115,036 | ||||||
Jeld-Wen Inc. | ||||||||
4.63%, 12/15/25 (Call 08/29/22)(a) | 100 | 92,250 | ||||||
4.88%, 12/15/27 (Call 12/15/22)(a) | 115 | 96,546 | ||||||
Masonite International Corp., 5.38%, 02/01/28 (Call 02/01/23)(a) | 130 | 127,122 | ||||||
PGT Innovations Inc., 4.38%, 10/01/29 (Call 10/01/24)(a) | 165 | 149,106 |
1
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Building Materials (continued) | ||||||||
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 (Call 07/15/23)(a) | $ | 185 | $ | 174,840 | ||||
1,990,742 | ||||||||
Chemicals — 1.3% | ||||||||
Avient Corp., 7.13%, 08/01/30(a) | 110 | 113,573 | ||||||
Axalta Coating Systems LLC, 3.38%, 02/15/29 (Call 02/15/24)(a)(b) | 200 | 175,056 | ||||||
Axalta Coating Systems LLC/Axalta Coating Systems Dutch | ||||||||
Holding B BV, 4.75%, 06/15/27 (Call 06/15/23)(a)(b) | 125 | 119,869 | ||||||
Element Solutions Inc., 3.88%, 09/01/28 (Call 09/01/23)(a)(b) | 225 | 207,805 | ||||||
Ingevity Corp., 3.88%, 11/01/28 (Call 11/01/23)(a)(b) | 150 | 133,012 | ||||||
Iris Holding Inc., 10.00%, 12/15/28 (Call 06/15/25)(a) | 125 | 104,719 | ||||||
Methanex Corp. | ||||||||
5.13%, 10/15/27 (Call 04/15/27) | 190 | 175,830 | ||||||
5.25%, 12/15/29 (Call 09/15/29) | 200 | 176,440 | ||||||
Rayonier AM Products Inc., 7.63%, 01/15/26 (Call 01/15/24)(a) | 129 | 115,449 | ||||||
Trinseo Materials Operating SCA/Trinseo Materials Finance Inc. | ||||||||
5.13%, 04/01/29 (Call 04/01/24)(a) | 150 | 104,683 | ||||||
5.38%, 09/01/25 (Call 08/29/22)(a)(b) | 125 | 107,875 | ||||||
Tronox Inc., 4.63%, 03/15/29 (Call 03/15/24)(a) | 305 | 264,505 | ||||||
1,798,816 | ||||||||
Commercial Services — 8.4% | ||||||||
ADT Security Corp. (The) | ||||||||
4.13%, 08/01/29 (Call 08/01/28)(a) | 285 | 255,525 | ||||||
4.88%, 07/15/32(a) | 200 | 180,196 | ||||||
AMN Healthcare Inc., 4.63%, 10/01/27 (Call 10/01/22)(a) | 125 | 119,501 | ||||||
APX Group Inc. | ||||||||
5.75%, 07/15/29 (Call 07/15/24)(a)(b) | 215 | 180,677 | ||||||
6.75%, 02/15/27 (Call 02/15/23)(a)(b) | 175 | 173,581 | ||||||
ASGN Inc., 4.63%, 05/15/28 (Call 05/15/23)(a) | 160 | 148,379 | ||||||
Avis Budget Car Rental LLC/Avis Budget Finance Inc. | ||||||||
4.75%, 04/01/28 (Call 04/01/24)(a)(b) | 145 | 130,826 | ||||||
5.38%, 03/01/29 (Call 03/01/24)(a)(b) | 155 | 141,255 | ||||||
5.75%, 07/15/27 (Call 08/29/22)(a)(b) | 110 | 105,076 | ||||||
Block Inc. | ||||||||
2.75%, 06/01/26 (Call 05/01/26)(b) | 285 | 266,062 | ||||||
3.50%, 06/01/31 (Call 03/01/31) | 285 | 247,281 | ||||||
Brink’s Co. (The) | ||||||||
4.63%, 10/15/27 (Call 10/15/22)(a)(b) | 168 | 156,897 | ||||||
5.50%, 07/15/25 (Call 08/29/22)(a)(b) | 120 | 121,187 | ||||||
Carriage Services Inc., 4.25%, 05/15/29 (Call 05/15/24)(a) | 115 | 100,124 | ||||||
Cimpress PLC, 7.00%, 06/15/26 (Call 08/29/22)(a) | 175 | 147,623 | ||||||
Deluxe Corp., 8.00%, 06/01/29 (Call 06/01/24)(a)(b) | 130 | 113,634 | ||||||
Gartner Inc. | ||||||||
3.63%, 06/15/29 (Call 06/15/24)(a) | 171 | 156,217 | ||||||
3.75%, 10/01/30 (Call 10/01/25)(a)(b) | 235 | 216,693 | ||||||
4.50%, 07/01/28 (Call 07/01/23)(a)(b) | 225 | 217,426 | ||||||
Graham Holdings Co., 5.75%, 06/01/26 (Call 08/09/22)(a) | 95 | 95,579 | ||||||
Grand Canyon University | ||||||||
4.13%, 10/01/24 | 142 | 135,803 | ||||||
5.13%, 10/01/28 (Call 08/01/28)(b) | 105 | 99,003 | ||||||
HealthEquity Inc., 4.50%, 10/01/29 (Call 10/01/24)(a)(b) | 158 | 146,632 | ||||||
Herc Holdings Inc., 5.50%, 07/15/27 (Call 08/29/22) (a) | 335 | 335,214 | ||||||
Hertz Corp. (The) | ||||||||
4.63%, 12/01/26 (Call 12/01/23) (a) | 150 | 135,730 | ||||||
5.00%, 12/01/29 (Call 12/01/24) (a)(b) | 285 | 244,043 | ||||||
Korn Ferry, 4.63%, 12/15/27 (Call 12/15/22) (a) | 100 | 94,232 | ||||||
MoneyGram International Inc., 5.38%, 08/01/26 (Call 08/01/23)(a) | 100 | 98,614 |
Security | Par (000) | Value | ||||||
Commercial Services (continued) | ||||||||
MPH Acquisition Holdings LLC | ||||||||
5.50%, 09/01/28 (Call 09/01/24)(a) | $ | 295 | $ | 274,548 | ||||
5.75%, 11/01/28 (Call11/01/23)(a)(b) | 385 | 327,747 | ||||||
Nielsen Co. Luxembourg Sarl (The), 5.00%, 02/01/25 (Call 08/29/22)(a)(b) | 130 | 128,183 | ||||||
Nielsen Finance LLC/Nielsen Finance Co. | ||||||||
4.50%, 07/15/29 (Call 07/15/24)(a) | 175 | 165,473 | ||||||
4.75%, 07/15/31 (Call 07/15/26)(a)(b) | 165 | 156,862 | ||||||
5.63%, 10/01/28 (Call 10/01/23)(a) | 285 | 279,252 | ||||||
5.88%, 10/01/30 (Call 10/01/25)(a) | 230 | 225,566 | ||||||
Prime Security Services Borrower LLC/Prime Finance Inc. | ||||||||
3.38%, 08/31/27 (Call 08/31/26)(a) | 275 | 250,745 | ||||||
5.25%, 04/15/24(a) | 230 | 231,217 | ||||||
5.75%, 04/15/26(a) | 375 | 380,936 | ||||||
6.25%, 01/15/28 (Call 01/15/23)(a)(b) | 370 | 338,864 | ||||||
PROG Holdings Inc., 6.00%, 11/15/29 (Call 11/15/24)(a) | 175 | 145,269 | ||||||
Rent-A-Center Inc./TX, 6.38%, 02/15/29 (Call 02/15/24)(a)(b) | 125 | 100,629 | ||||||
Ritchie Bros. Auctioneers Inc., 5.38%, 01/15/25 (Call 08/29/22)(a)(b) | 125 | 125,193 | ||||||
RR Donnelley & Sons Co., 6.13%, 11/01/26 (Call 11/01/23)(a) | 140 | 131,709 | ||||||
Sabre GLBL Inc. | ||||||||
7.38%, 09/01/25 (Call 09/01/22)(a) | 245 | 242,935 | ||||||
.9.25%, 04/15/25 (Call 03/16/25)(a) | 220 | 223,793 | ||||||
Service Corp. International/U.S. | ||||||||
3.38%, 08/15/30 (Call 08/15/25) | 235 | 208,901 | ||||||
4.00%, 05/15/31 (Call 05/15/26)(b) | 245 | 225,586 | ||||||
4.63%, 12/15/27 (Call 12/15/22)(b) | 145 | 143,141 | ||||||
5.13%, 06/01/29 (Call 06/01/24)(b) | 210 | 209,947 | ||||||
Shift4 Payments LLC/Shift4 Payments Finance Sub Inc., 4.63%, 11/01/26 (Call 11/01/22)(a) | 125 | 117,281 | ||||||
Sotheby’s, 7.38%, 10/15/27 (Call 10/15/22)(a) | 225 | 218,185 | ||||||
TriNet Group Inc., 3.50%, 03/01/29 (Call 03/01/24)(a) | 140 | 122,371 | ||||||
United Rentals North America Inc. | ||||||||
3.75%, 01/15/32 (Call 07/15/26) | 235 | 206,986 | ||||||
3.88%, 02/15/31 (Call 08/15/25) | 315 | 287,230 | ||||||
4.00%, 07/15/30 (Call 07/15/25) | 225 | 208,456 | ||||||
4.88%, 01/15/28 (Call 01/15/23)(b) | 465 | 464,433 | ||||||
5.25%, 01/15/30 (Call 01/15/25)(b) | 215 | 217,453 | ||||||
5.50%, 05/15/27 (Call 08/29/22)(b) | 110 | 111,824 | ||||||
Williams Scotsman International Inc., 4.63%, 08/15/28 (Call 08/15/23)(a) | 131 | 122,921 | ||||||
WW International Inc., 4.50%, 04/15/29 (Call 04/15/24)(a)(b) | 135 | 98,531 | ||||||
ZipRecruiter Inc., 5.00%, 01/15/30 (Call 01/15/25)(a) | 150 | 133,734 | ||||||
11,388,911 | ||||||||
Computers — 2.5% | ||||||||
Booz Allen Hamilton Inc. | ||||||||
3.88%, 09/01/28 (Call 09/01/23)(a) | 175 | 166,007 | ||||||
4.00%, 07/01/29 (Call 07/01/24)(a) | 180 | 171,844 | ||||||
Condor Merger Sub Inc., 7.38%, 02/15/30 (Call 02/15/25)(a)(b) | 575 | 508,737 | ||||||
Crowdstrike Holdings Inc., 3.00%, 02/15/29 (Call 02/15/24)(b) | 210 | 191,854 | ||||||
Diebold Nixdorf Inc. | ||||||||
8.50%, 04/15/24 (Call 08/29/22)(b) | 125 | 58,999 | ||||||
9.38%, 07/15/25 (Call 08/15/22)(a)(b) | 185 | 143,749 | ||||||
Exela Intermediate LLC/Exela Finance Inc., 11.50%, 07/15/26 (Call 12/01/22)(a) | 347 | 105,984 | ||||||
NCR Corp. | ||||||||
5.00%, 10/01/28 (Call 10/01/23)(a) | 185 | 177,256 | ||||||
5.13%, 04/15/29 (Call 04/15/24)(a) | 330 | 317,160 | ||||||
5.25%, 10/01/30 (Call 10/01/25)(a) | 135 | 129,469 | ||||||
5.75%, 09/01/27 (Call 09/01/22)(a) | 130 | 126,910 | ||||||
6.13%, 09/01/29 (Call 09/01/24)(a)(b) | 145 | 141,487 |
2
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Computers (continued) | ||||||||
Seagate HDD Cayman | ||||||||
3.13%, 07/15/29 (Call 01/15/24) | $ | 155 | $ | 129,521 | ||||
3.38%, 07/15/31 (Call 01/15/26)(b) | 145 | 116,624 | ||||||
4.09%, 06/01/29 (Call 03/01/29) | 140 | 127,299 | ||||||
4.13%, 01/15/31 (Call 10/15/30) | 135 | 116,864 | ||||||
4.75%, 01/01/25 | 120 | 119,102 | ||||||
4.88%, 03/01/24 (Call 01/01/24) | 150 | 149,353 | ||||||
4.88%, 06/01/27 (Call 03/01/27)(b) | 150 | 148,978 | ||||||
5.75%, 12/01/34 (Call 06/01/34) | 125 | 115,274 | ||||||
Unisys Corp., 6.88%, 11/01/27 (Call 11/01/23)(a) | 130 | 122,656 | ||||||
3,385,127 | ||||||||
Cosmetics & Personal Care — 0.7% | ||||||||
Coty Inc. | ||||||||
5.00%, 04/15/26 (Call 04/15/23)(a) | 250 | 245,400 | ||||||
6.50%, 04/15/26 (Call 08/29/22)(a) | 175 | 168,912 | ||||||
Coty Inc./HFC Prestige Products Inc./HFC Prestige | ||||||||
International U.S. LLC, 4.75%, 01/15/29 (Call 01/15/25)(a) | 150 | 135,833 | ||||||
Edgewell Personal Care Co. | ||||||||
4.13%, 04/01/29 (Call 04/01/24)(a) | 145 | 130,178 | ||||||
5.50%, 06/01/28 (Call 06/01/23)(a)(b) | 210 | 205,976 | ||||||
886,299 | ||||||||
Distribution & Wholesale — 0.5% | ||||||||
Avient Corp., 5.75%, 05/15/25 (Call 08/29/22)(a) | 190 | 190,969 | ||||||
IAA Inc., 5.50%, 06/15/27 (Call 08/29/22)(a) | 125 | 124,931 | ||||||
KAR Auction Services Inc., 5.13%, 06/01/25 (Call 08/29/22)(a) | 250 | 246,503 | ||||||
Univar Solutions USA Inc., 5.13%, 12/01/27 (Call 12/01/22)(a) | 140 | 135,496 | ||||||
697,899 | ||||||||
Diversified Financial Services — 4.8% | ||||||||
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24)(b)(c) | 25 | 22,280 | ||||||
Ally Financial Inc., 5.75%, 11/20/25 (Call 10/21/25) | 300 | 303,531 | ||||||
Burford Capital Global Finance LLC, 6.25%, 04/15/28 (Call 04/15/24)(a)(b) | 115 | 104,779 | ||||||
Coinbase Global Inc. | ||||||||
3.38%, 10/01/28 (Call 10/01/24)(a)(b) | 300 | 194,238 | ||||||
3.63%, 10/01/31 (Call 10/01/26)(a) | 275 | 163,468 | ||||||
Global Aircraft Leasing Co. Ltd., 6.50%, 09/15/24 (Call 08/29/22), (7.25% PIK)(a)(d) | 534 | 410,723 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(a) | 275 | 230,354 | ||||||
LPL Holdings Inc. | ||||||||
4.00%, 03/15/29 (Call 03/15/24)(a) | 255 | 237,102 | ||||||
4.38%, 05/15/31 (Call 05/15/26)(a) | 120 | 109,609 | ||||||
4.63%, 11/15/27 (Call 11/15/22)(a) | 110 | 107,655 | ||||||
Nationstar Mortgage Holdings Inc. | ||||||||
5.13%, 12/15/30 (Call 12/15/25)(a) | 190 | 158,625 | ||||||
5.50%, 08/15/28 (Call 08/15/23)(a) | 238 | 208,883 | ||||||
5.75%, 11/15/31 (Call 11/15/26)(a) | 170 | 142,110 | ||||||
6.00%, 01/15/27 (Call 01/15/23)(a) | 155 | 143,668 | ||||||
OneMain Finance Corp. | ||||||||
3.50%, 01/15/27 (Call 01/15/24)(b) | 215 | 184,715 | ||||||
3.88%, 09/15/28 (Call 09/15/24) | 160 | 132,578 | ||||||
4.00%, 09/15/30 (Call 09/15/25)(b) | 245 | 194,016 | ||||||
5.38%, 11/15/29 (Call 05/15/29)(b) | 225 | 191,349 | ||||||
6.13%, 03/15/24 (Call 09/15/23) | 355 | 351,532 | ||||||
6.63%, 01/15/28 (Call 07/15/27) | 225 | 211,558 | ||||||
6.88%, 03/15/25 | 360 | 355,478 | ||||||
7.13%, 03/15/26 | 475 | 462,792 | ||||||
PennyMac Financial Services Inc. | ||||||||
4.25%, 02/15/29 (Call 02/15/24)(a) | 205 | 166,858 |
Security | Par (000) | Value | ||||||
Diversified Financial Services (continued) | ||||||||
5.38%, 10/15/25 (Call 10/15/22)(a) | $ | 165 | $ | 154,721 | ||||
5.75%, 09/15/31 (Call 09/15/26)(a) | 135 | 111,839 | ||||||
Radian Group Inc. | ||||||||
4.50%, 10/01/24 (Call 07/01/24) | 80 | 78,978 | ||||||
4.88%, 03/15/27 (Call 09/15/26) | 100 | 97,655 | ||||||
6.63%, 03/15/25 (Call 09/15/24) | 140 | 142,681 | ||||||
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc. | ||||||||
2.88%, 10/15/26 (Call 10/15/23)(a) | 325 | 286,812 | ||||||
3.63%, 03/01/29 (Call 03/01/24)(a) | 200 | 170,844 | ||||||
3.88%, 03/01/31 (Call 03/01/26)(a) | 350 | 288,638 | ||||||
4.00%, 10/15/33 (Call 10/15/27)(a) | 250 | 202,275 | ||||||
SLM Corp. | ||||||||
3.13%, 11/02/26 (Call 10/02/26) | 150 | 131,625 | ||||||
4.20%, 10/29/25 (Call 09/29/25)(b) | 130 | 126,386 | ||||||
6,580,355 | ||||||||
Electrical Components & Equipment — 0.9% | ||||||||
Energizer Holdings Inc. | ||||||||
4.38%, 03/31/29 (Call 09/30/23)(a) | 225 | 185,722 | ||||||
4.75%, 06/15/28 (Call 06/15/23)(a) | 160 | 136,578 | ||||||
WESCO Distribution Inc. | ||||||||
7.13%, 06/15/25 (Call 08/29/22)(a) | 410 | 424,112 | ||||||
7.25%, 06/15/28 (Call 06/15/23)(a) | 395 | 411,949 | ||||||
1,158,361 | ||||||||
Electronics — 1.1% | ||||||||
Atkore Inc., 4.25%, 06/01/31 (Call 06/01/26)(a) | 110 | 95,336 | ||||||
II-VI Inc., 5.00%, 12/15/29 (Call 12/14/24)(a)(b) | 265 | 254,477 | ||||||
Sensata Technologies BV | ||||||||
4.00%, 04/15/29 (Call 04/15/24)(a)(b) | 275 | 250,313 | ||||||
4.88%, 10/15/23(a) | 140 | 140,669 | ||||||
5.00%, 10/01/25(a)(b) | 210 | 210,674 | ||||||
5.63%, 11/01/24(a)(b) | 100 | 101,201 | ||||||
Sensata Technologies Inc. | ||||||||
3.75%, 02/15/31 (Call 02/15/26)(a) | 225 | 195,460 | ||||||
4.38%, 02/15/30 (Call 11/15/29)(a)(b) | 120 | 111,813 | ||||||
TTM Technologies Inc., 4.00%, 03/01/29 (Call 03/01/24)(a) | 140 | 122,497 | ||||||
1,482,440 | ||||||||
Energy - Alternate Sources — 0.2% | ||||||||
Enviva Partners LP/Enviva Partners Finance Corp., 6.50%, 01/15/26 (Call 08/29/22)(a)(b) | 125 | 123,897 | ||||||
Sunnova Energy Corp., 5.88%, 09/01/26 (Call 09/01/23)(a)(b) | 100 | 93,979 | ||||||
217,876 | ||||||||
Engineering & Construction — 0.7% | ||||||||
AECOM, 5.13%, 03/15/27 (Call 12/15/26) | 280 | 284,180 | ||||||
Arcosa Inc., 4.38%, 04/15/29 (Call 04/15/24)(a) | 120 | 107,191 | ||||||
Cellnex Finance Co. SA, 3.88%, 07/07/41 (Call 04/07/41)(a)(b) | 175 | 125,391 | ||||||
Dycom Industries Inc., 4.50%, 04/15/29 (Call 04/15/24)(a) | 145 | 133,071 | ||||||
TopBuild Corp. | ||||||||
3.63%, 03/15/29 (Call 03/15/24)(a) | 115 | 103,885 | ||||||
4.13%, 02/15/32 (Call 10/15/26)(a)(b) | 135 | 119,094 | ||||||
Tutor Perini Corp., 6.88%, 05/01/25 (Call 08/15/22)(a) | 150 | 133,790 | ||||||
1,006,602 | ||||||||
Entertainment — 2.3% | ||||||||
AMC Entertainment Holdings Inc. | ||||||||
7.50%, 02/15/29 (Call 02/15/25)(a) | 270 | 240,268 | ||||||
10.00%, 06/15/26 (Call 06/15/23), (12.00% PIK)(a)(b) | 425 | 336,761 | ||||||
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24) | 139 | 133,041 |
3
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Entertainment (continued) | ||||||||
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op | ||||||||
5.38%, 04/15/27 (Call 08/29/22) | $ | 145 | $ | 141,233 | ||||
5.50%, 05/01/25 (Call 08/29/22)(a) | 265 | 266,919 | ||||||
Cinemark USA Inc. | ||||||||
5.25%, 07/15/28 (Call 07/15/24)(a) | 225 | 200,205 | ||||||
5.88%, 03/15/26 (Call 03/15/23)(a)(b) | 115 | 110,444 | ||||||
Lions Gate Capital Holdings LLC, 5.50%, 04/15/29 (Call 04/15/24)(a)(b) | 270 | 224,840 | ||||||
Merlin Entertainments Ltd., 5.75%, 06/15/26 (Call 03/17/26)(a) | 50 | 46,803 | ||||||
Motion Bondco DAC, 6.63%, 11/15/27 (Call 11/15/22)(a)(b) | 175 | 139,986 | ||||||
SeaWorld Parks & Entertainment Inc., 5.25%, 08/15/29 (Call 08/15/24)(a)(b) | 195 | 175,063 | ||||||
Six Flags Entertainment Corp. | ||||||||
4.88%, 07/31/24 (Call 08/29/22)(a) | 245 | 241,702 | ||||||
5.50%, 04/15/27 (Call 08/29/22)(a)(b) | 135 | 128,259 | ||||||
Six Flags Theme Parks Inc., 7.00%, 07/01/25 (Call 08/29/22)(a)(b) | 133 | 136,743 | ||||||
Vail Resorts Inc., 6.25%, 05/15/25 (Call 08/29/22)(a) | 145 | 148,255 | ||||||
WMG Acquisition Corp. | ||||||||
3.00%, 02/15/31 (Call 02/15/26)(a)(b) | 225 | 195,262 | ||||||
3.75%, 12/01/29 (Call 12/01/24)(a)(b) | 150 | 137,486 | ||||||
3.88%, 07/15/30 (Call 07/15/25)(a) | 160 | 145,718 | ||||||
3,148,988 | ||||||||
Environmental Control — 0.3% | ||||||||
Clean Harbors Inc., 4.88%, 07/15/27 (Call 08/29/22)(a) | 134 | 133,125 | ||||||
Covanta Holding Corp. | ||||||||
4.88%, 12/01/29 (Call 12/01/24)(a)(b) | 200 | 178,552 | ||||||
5.00%, 09/01/30 (Call 09/01/25) | 125 | 109,434 | ||||||
421,111 | ||||||||
Food — 2.7% | ||||||||
B&G Foods Inc. | ||||||||
5.25%, 04/01/25 (Call 08/29/22) | 260 | 250,487 | ||||||
5.25%, 09/15/27 (Call 08/29/22) | 159 | 145,579 | ||||||
Lamb Weston Holdings Inc. | ||||||||
4.13%, 01/31/30 (Call 01/31/25)(a) | 275 | 257,026 | ||||||
4.38%, 01/31/32 (Call 01/31/27)(a) | 210 | 198,440 | ||||||
4.88%, 05/15/28 (Call 11/15/27)(a) | 130 | 126,701 | ||||||
Post Holdings Inc. | ||||||||
4.50%, 09/15/31 (Call 09/15/26)(a)(b) | 585 | 523,130 | ||||||
4.63%, 04/15/30 (Call 04/15/25)(a) | 530 | 474,419 | ||||||
5.50%, 12/15/29 (Call 12/15/24)(a) | 350 | 330,676 | ||||||
5.63%, 01/15/28 (Call 12/01/22)(a) | 257 | 253,638 | ||||||
5.75%, 03/01/27 (Call 08/15/22)(a)(b) | 118 | 118,047 | ||||||
TreeHouse Foods Inc., 4.00%, 09/01/28 (Call 09/01/23) | 150 | 130,680 | ||||||
U.S. Foods Inc. | ||||||||
4.63%, 06/01/30 (Call 06/01/25)(a)(b) | 140 | 128,363 | ||||||
4.75%, 02/15/29 (Call 02/15/24)(a) | 250 | 234,652 | ||||||
6.25%, 04/15/25 (Call 08/29/22)(a) | 285 | 290,278 | ||||||
United Natural Foods Inc., 6.75%, 10/15/28 (Call 10/15/23)(a) | 138 | 138,914 | ||||||
3,601,030 | ||||||||
Food Service — 0.7% | ||||||||
Aramark Services Inc. | ||||||||
5.00%, 04/01/25 (Call 08/29/22)(a) | 175 | 174,613 | ||||||
5.00%, 02/01/28 (Call 02/01/23)(a)(b) | 325 | 317,330 | ||||||
6.38%, 05/01/25 (Call 08/29/22)(a) | 425 | 425,612 | ||||||
917,555 | ||||||||
Forest Products & Paper — 0.2% | ||||||||
Glatfelter Corp., 4.75%, 11/15/29 (Call 11/01/24)(a)(b) | 130 | 88,577 |
Security | Par (000) | Value | ||||||
Forest Products & Paper (continued) | ||||||||
Mercer International Inc., 5.13%, 02/01/29 (Call 02/01/24) | $ | 260 | $ | 243,573 | ||||
332,150 | ||||||||
Health Care - Products — 0.9% | ||||||||
Avantor Funding Inc. | ||||||||
3.88%, 11/01/29 (Call 11/01/24)(a)(b) | 245 | 225,966 | ||||||
4.63%, 07/15/28 (Call 07/15/23)(a) | 430 | 414,619 | ||||||
Hologic Inc. | ||||||||
3.25%, 02/15/29 (Call 09/28/23)(a)(b) | 260 | 236,091 | ||||||
4.63%, 02/01/28 (Call 02/01/23)(a)(b) | 125 | 122,120 | ||||||
Teleflex Inc. | ||||||||
4.25%, 06/01/28 (Call 06/01/23)(a) | 140 | 132,864 | ||||||
4.63%, 11/15/27 (Call 11/15/22) | 125 | 122,921 | ||||||
1,254,581 | ||||||||
Health Care - Services — 5.4% | ||||||||
Acadia Healthcare Co. Inc. | ||||||||
5.00%, 04/15/29 (Call 10/15/23)(a) | 145 | 140,150 | ||||||
5.50%, 07/01/28 (Call 07/01/23)(a) | 115 | 113,766 | ||||||
Catalent Pharma Solutions Inc. | ||||||||
3.13%, 02/15/29 (Call 02/15/24)(a) | 155 | 137,383 | ||||||
3.50%, 04/01/30 (Call 04/01/25)(a) | 180 | 161,008 | ||||||
5.00%, 07/15/27 (Call 08/29/22)(a)(b) | 125 | 125,185 | ||||||
Centene Corp. | ||||||||
2.45%, 07/15/28 (Call 05/15/28) | 415 | 371,313 | ||||||
2.50%, 03/01/31 (Call 12/01/30) | 420 | 360,692 | ||||||
2.63%, 08/01/31 (Call 05/01/31) | 240 | 205,572 | ||||||
3.00%, 10/15/30 (Call 07/15/30) | 390 | 348,254 | ||||||
3.38%, 02/15/30 (Call 02/15/25) | 360 | 329,288 | ||||||
4.25%, 12/15/27 (Call 12/15/22)(b) | 460 | 452,428 | ||||||
4.63%, 12/15/29 (Call 12/15/24)(b) | 630 | 621,577 | ||||||
Charles River Laboratories International Inc. | ||||||||
3.75%, 03/15/29 (Call 03/15/24)(a) | 125 | 115,794 | ||||||
4.00%, 03/15/31 (Call 03/15/26)(a) | 150 | 138,179 | ||||||
4.25%, 05/01/28 (Call 05/01/23)(a)(b) | 139 | 135,832 | ||||||
DaVita Inc. | ||||||||
3.75%, 02/15/31 (Call 02/15/26)(a) | 435 | 332,788 | ||||||
4.63%, 06/01/30 (Call 06/01/25)(a) | 780 | 641,574 | ||||||
Encompass Health Corp. | ||||||||
4.50%, 02/01/28 (Call 02/01/23) | 215 | 198,834 | ||||||
4.63%, 04/01/31 (Call 04/01/26)(b) | 110 | 98,486 | ||||||
4.75%, 02/01/30 (Call 02/01/25) | 235 | 216,872 | ||||||
IQVIA Inc. | ||||||||
5.00%, 10/15/26 (Call 08/29/22)(a) | 300 | 300,540 | ||||||
5.00%, 05/15/27 (Call 08/29/22)(a) | 300 | 300,438 | ||||||
MEDNAX Inc., 5.38%, 02/15/30 (Call 02/15/25)(a) | 110 | 101,479 | ||||||
ModivCare Inc., 5.88%, 11/15/25 (Call 11/15/22)(a) | 140 | 136,693 | ||||||
Molina Healthcare Inc. | ||||||||
3.88%, 11/15/30 (Call 08/17/30)(a) | 175 | 163,027 | ||||||
3.88%, 05/15/32 (Call 02/15/32)(a) | 215 | 197,471 | ||||||
4.38%, 06/15/28 (Call 06/15/23)(a)(b) | 225 | 217,132 | ||||||
Select Medical Corp., 6.25%, 08/15/26 (Call 08/29/22)(a)(b) | 350 | 350,203 | ||||||
Surgery Center Holdings Inc., 10.00%, 04/15/27 (Call 08/29/22)(a)(b) | 160 | 163,101 | ||||||
Syneos Health Inc., 3.63%, 01/15/29 (Call 01/15/24)(a) | 175 | 156,674 | ||||||
7,331,733 | ||||||||
Holding Companies - Diversified — 0.2% | ||||||||
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29 (Call 04/15/24)(a) | 275 | 242,916 |
4
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Home Builders — 1.0% | ||||||||
Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 04/01/30 (Call 04/01/25)(a) | $ | 100 | $ | 75,901 | ||||
Century Communities Inc. | ||||||||
3.88%, 08/15/29 (Call 02/15/29)(a) | 140 | 119,794 | ||||||
6.75%, 06/01/27 (Call 08/29/22)(b) | 135 | 137,241 | ||||||
Meritage Homes Corp. | ||||||||
3.88%, 04/15/29 (Call 10/15/28)(a) | 130 | 116,388 | ||||||
6.00%, 06/01/25 (Call 03/01/25) | 111 | 112,760 | ||||||
Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 08/15/22)(a)(b) | 154 | 156,042 | ||||||
Taylor Morrison Communities Inc. | ||||||||
5.13%, 08/01/30 (Call 02/01/30)(a) | 135 | 123,499 | ||||||
5.75%, 01/15/28 (Call 10/15/27)(a) | 131 | 126,896 | ||||||
5.88%, 06/15/27 (Call 03/15/27)(a) | 140 | 142,968 | ||||||
Thor Industries Inc., 4.00%, 10/15/29 (Call 10/15/24)(a) | 150 | 123,654 | ||||||
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24 | 130 | 130,815 | ||||||
1,365,958 | ||||||||
Home Furnishings — 0.3% | ||||||||
Tempur Sealy International Inc. | ||||||||
3.88%, 10/15/31 (Call 10/15/26)(a) | 225 | 182,558 | ||||||
4.00%, 04/15/29 (Call 04/15/24)(a)(b) | 230 | 198,104 | ||||||
380,662 | ||||||||
Household Products & Wares — 0.3% | ||||||||
ACCO Brands Corp., 4.25%, 03/15/29 (Call 03/15/24)(a) | 160 | 139,459 | ||||||
Spectrum Brands Inc. | ||||||||
3.88%, 03/15/31 (Call 03/15/26)(a)(b) | 150 | 123,507 | ||||||
5.75%, 07/15/25 (Call 08/29/22) | 107 | 106,905 | ||||||
369,871 | ||||||||
Housewares — 0.7% | ||||||||
Newell Brands Inc. | ||||||||
4.45%, 04/01/26 (Call 01/01/26) | 575 | 567,997 | ||||||
4.88%, 06/01/25 (Call 05/01/25) | 140 | 140,904 | ||||||
5.63%, 04/01/36 (Call 10/01/35) | 103 | 94,976 | ||||||
5.75%, 04/01/46 (Call 10/01/45) | 195 | 166,947 | ||||||
970,824 | ||||||||
Insurance — 0.6% | ||||||||
Assurant Inc., 7.00%, 03/27/48 (Call 03/27/28), (3 mo. LIBOR US + 4.135%)(c) | 110 | 110,226 | ||||||
Liberty Mutual Group Inc. | ||||||||
4.13%, 12/15/51 (Call 09/15/26)(a)(b)(c) | 150 | 124,733 | ||||||
4.30%, 02/01/61 (Call 02/01/26)(a) | 380 | 265,981 | ||||||
MGIC Investment Corp., 5.25%, 08/15/28 (Call 08/15/23) | 180 | 173,246 | ||||||
NMI Holdings Inc., 7.38%, 06/01/25 (Call 03/30/25)(a) | 95 | 96,018 | ||||||
770,204 | ||||||||
Internet — 3.3% | ||||||||
Cablevision Lightpath LLC | ||||||||
3.88%, 09/15/27 (Call 09/15/23)(a) | 150 | 133,230 | ||||||
5.63%, 09/15/28 (Call 09/15/23)(a) | 100 | 80,532 | ||||||
Cars.com Inc., 6.38%, 11/01/28 (Call 11/01/23)(a) | 100 | 86,194 | ||||||
Cogent Communications Group Inc. | ||||||||
3.50%, 05/01/26 (Call 02/01/26)(a) | 140 | 132,073 | ||||||
7.00%, 06/15/27 (Call 06/15/24)(a) | 109 | 109,925 | ||||||
Go Daddy Operating Co. LLC/GD Finance Co. Inc. | ||||||||
3.50%, 03/01/29 (Call 03/01/24)(a) | 225 | 200,693 | ||||||
5.25%, 12/01/27 (Call 08/29/22)(a) | 160 | 156,557 | ||||||
GrubHub Holdings Inc., 5.50%, 07/01/27 (Call 08/09/22)(a) | 150 | 102,909 | ||||||
Netflix Inc. | ||||||||
3.63%, 06/15/25 (Call 03/15/25)(a)(b) | 125 | 122,999 | ||||||
4.38%, 11/15/26 | 200 | 200,120 |
Security | Par (000) | Value | ||||||
Internet (continued) | ||||||||
4.88%, 04/15/28 | $ | 435 | $ | 431,450 | ||||
4.88%, 06/15/30 (Call 03/15/30)(a)(b) | 235 | 230,540 | ||||||
5.38%, 11/15/29(a)(b) | 230 | 231,670 | ||||||
5.75%, 03/01/24(b) | 75 | 77,452 | ||||||
5.88%, 02/15/25 | 200 | 207,570 | ||||||
5.88%, 11/15/28 | 520 | 536,728 | ||||||
6.38%, 05/15/29 | 185 | 197,537 | ||||||
NortonLifeLock Inc., 5.00%, 04/15/25 (Call 08/09/22)(a) | 300 | 298,869 | ||||||
Rakuten Group Inc. | ||||||||
5.13%, (Call 04/22/26)(a)(b)(c)(e) | 225 | 182,426 | ||||||
6.25%, (Call 04/22/31)(a)(b)(c)(e) | 275 | 223,938 | ||||||
TripAdvisor Inc., 7.00%, 07/15/25 (Call 08/09/22)(a) | 135 | 134,700 | ||||||
Twitter Inc. | ||||||||
3.88%, 12/15/27 (Call 09/15/27)(a) | 210 | 199,979 | ||||||
5.00%, 03/01/30 (Call 12/01/29)(a) | 265 | 256,759 | ||||||
4,534,850 | ||||||||
Iron & Steel — 1.0% | ||||||||
Carpenter Technology Corp., 6.38%, 07/15/28 (Call 07/15/23) | 125 | 118,104 | ||||||
Cleveland-Cliffs Inc. | ||||||||
4.63%, 03/01/29 (Call 03/01/24)(a)(b) | 145 | 135,537 | ||||||
4.88%, 03/01/31 (Call 03/01/26)(a)(b) | 140 | 129,998 | ||||||
5.88%, 06/01/27 (Call 08/29/22) | 160 | 159,443 | ||||||
6.75%, 03/15/26 (Call 08/29/22)(a)(b) | 240 | 247,759 | ||||||
Mineral Resources Ltd. | ||||||||
8.00%, 11/01/27 (Call 11/01/24)(a) | 190 | 191,974 | ||||||
8.13%, 05/01/27 (Call 08/29/22)(a) | 185 | 186,684 | ||||||
8.50%, 05/01/30 (Call 05/01/25)(a) | 175 | 177,153 | ||||||
1,346,652 | ||||||||
Leisure Time — 1.1% | ||||||||
Royal Caribbean Cruises Ltd. | ||||||||
3.70%, 03/15/28 (Call 12/15/27)(b) | 140 | 97,475 | ||||||
4.25%, 07/01/26 (Call 01/01/26)(a) | 185 | 142,383 | ||||||
5.38%, 07/15/27 (Call 10/15/26)(a) | 287 | 221,426 | ||||||
5.50%, 08/31/26 (Call 02/28/26)(a)(b) | 290 | 232,270 | ||||||
5.50%, 04/01/28 (Call 10/01/27)(a) | 440 | 331,333 | ||||||
11.50%, 06/01/25 (Call 08/09/22)(a) | 395 | 422,030 | ||||||
1,446,917 | ||||||||
Lodging — 2.0% | ||||||||
Hilton Domestic Operating Co. Inc. | ||||||||
3.63%, 02/15/32 (Call 08/15/26)(a) | 425 | 366,563 | ||||||
3.75%, 05/01/29 (Call 05/01/24)(a) | 245 | 222,389 | ||||||
4.00%, 05/01/31 (Call 05/01/26)(a) | 305 | 274,637 | ||||||
4.88%, 01/15/30 (Call 01/15/25)(b) | 292 | 283,497 | ||||||
5.38%, 05/01/25 (Call 08/09/22)(a) | 130 | 130,400 | ||||||
5.75%, 05/01/28 (Call 05/01/23)(a)(b) | 155 | 156,539 | ||||||
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand | ||||||||
Vacations Borrower Esc | ||||||||
4.88%, 07/01/31 (Call 07/01/26)(a) | 145 | 121,739 | ||||||
5.00%, 06/01/29 (Call 06/01/24)(a) | 235 | 208,168 | ||||||
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 08/15/22) | 165 | 162,807 | ||||||
Marriott Ownership Resorts Inc., 4.50%, 06/15/29 (Call 06/15/24)(a) | 145 | 125,882 | ||||||
Studio City Finance Ltd., 6.50%, 01/15/28 (Call 07/15/23)(a) | 300 | 160,794 | ||||||
Travel + Leisure Co. | ||||||||
4.50%, 12/01/29 (Call 09/01/29)(a) | 185 | 159,415 | ||||||
6.00%, 04/01/27 (Call 01/01/27) | 120 | 119,555 | ||||||
6.63%, 07/31/26 (Call 04/30/26)(a)(b) | 160 | 162,598 | ||||||
2,654,983 |
5
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Machinery — 0.8% | ||||||||
Mueller Water Products Inc., 4.00%, 06/15/29 (Call 06/15/24)(a) | $ | 111 | $ | 101,707 | ||||
SPX FLOW Inc., 8.75%, 04/01/30 (Call 04/01/25)(a)(b) | 150 | 124,905 | ||||||
Stevens Holding Co. Inc., 6.13%, 10/01/26 (Call 10/01/23)(a)(b) | 100 | 98,505 | ||||||
Terex Corp., 5.00%, 05/15/29 (Call 05/15/24)(a)(b) | 170 | 151,902 | ||||||
Vertiv Group Corp., 4.13%, 11/15/28 (Call 11/15/24)(a)(b) | 255 | 226,060 | ||||||
Weir Group PLC (The), 2.20%, 05/13/26 (Call 04/13/26)(a) | 225 | 200,284 | ||||||
Welbilt Inc., 9.50%, 02/15/24 (Call 08/04/22)(b) | 125 | 125,037 | ||||||
1,028,400 | ||||||||
Manufacturing — 0.3% | ||||||||
Gates Global LLC/Gates Corp., 6.25%, 01/15/26 (Call 08/29/22)(a) | 150 | 145,973 | ||||||
Hillenbrand Inc., 5.75%, 06/15/25 (Call 08/29/22)(b) | 105 | 107,083 | ||||||
Trinity Industries Inc., 4.55%, 10/01/24 (Call 07/01/24) | 107 | 104,940 | ||||||
357,996 | ||||||||
Media — 10.0% | ||||||||
Cable One Inc., 4.00%, 11/15/30 (Call 11/15/25)(a)(b) | 185 | 166,902 | ||||||
CSC Holdings LLC | ||||||||
3.38%, 02/15/31 (Call 02/15/26)(a)(b) | 225 | 180,000 | ||||||
4.13%, 12/01/30 (Call 12/01/25)(a)(b) | 175 | 148,979 | ||||||
4.50%, 11/15/31 (Call 11/15/26)(a) | 350 | 297,731 | ||||||
4.63%, 12/01/30 (Call 12/01/25)(a) | 525 | 399,152 | ||||||
5.00%, 11/15/31 (Call 11/15/26)(a) | 125 | 94,070 | ||||||
5.25%, 06/01/24 | 160 | 158,456 | ||||||
5.38%, 02/01/28 (Call 02/01/23)(a)(b) | 225 | 213,660 | ||||||
5.50%, 04/15/27 (Call 08/29/22)(a)(b) | 300 | 290,535 | ||||||
5.75%, 01/15/30 (Call 01/15/25)(a) | 500 | 403,515 | ||||||
6.50%, 02/01/29 (Call 02/01/24)(a)(b) | 400 | 386,516 | ||||||
7.50%, 04/01/28 (Call 04/01/23)(a) | 175 | 160,496 | ||||||
Diamond Sports Group LLC/Diamond Sports Finance Co. | ||||||||
5.38%, 08/15/26 (Call 08/15/22)(a) | 800 | 174,312 | ||||||
6.63%, 08/15/27 (Call 08/15/22)(a) | 120 | 11,225 | ||||||
Gannett Holdings LLC, 6.00%, 11/01/26 (Call 11/01/23)(a)(b) | 110 | 93,833 | ||||||
GCI LLC, 4.75%, 10/15/28 (Call 10/15/23)(a) | 165 | 150,620 | ||||||
Gray Escrow II Inc., 5.38%, 11/15/31 (Call 11/15/26)(a) | 360 | 320,288 | ||||||
Gray Television Inc. | ||||||||
4.75%, 10/15/30 (Call 10/15/25)(a)(b) | 235 | 202,152 | ||||||
5.88%, 07/15/26 (Call 08/29/22)(a) | 180 | 178,918 | ||||||
7.00%, 05/15/27 (Call 08/09/22)(a)(b) | 225 | 226,413 | ||||||
iHeartCommunications Inc. | ||||||||
4.75%, 01/15/28 (Call 01/15/23)(a)(b) | 130 | 116,893 | ||||||
5.25%, 08/15/27 (Call 08/15/22)(a)(b) | 230 | 210,367 | ||||||
6.38%, 05/01/26 (Call 08/15/22)(b) | 230 | 223,675 | ||||||
8.38%, 05/01/27 (Call 08/15/22)(b) | 410 | 366,688 | ||||||
McGraw-Hill Education Inc. | ||||||||
5.75%, 08/01/28 (Call 08/01/24)(a)(b) | 275 | 247,313 | ||||||
8.00%, 08/01/29 (Call 08/01/24)(a) | 200 | 167,940 | ||||||
Nexstar Media Inc. | ||||||||
4.75%, 11/01/28 (Call 11/01/23)(a) | 290 | 270,164 | ||||||
5.63%, 07/15/27 (Call 08/09/22)(a) | 510 | 510,133 | ||||||
Scripps Escrow II Inc. | ||||||||
3.88%, 01/15/29 (Call 01/15/24)(a) | 160 | 142,755 | ||||||
5.38%, 01/15/31 (Call 01/15/26)(a)(b) | 140 | 118,590 | ||||||
Scripps Escrow Inc., 5.88%, 07/15/27 (Call 08/29/22)(a) | 150 | 143,199 | ||||||
Sinclair Television Group Inc. | ||||||||
4.13%, 12/01/30 (Call 12/01/25)(a) | 215 | 184,397 | ||||||
5.13%, 02/15/27 (Call 08/15/22)(a) | 105 | 94,026 | ||||||
5.50%, 03/01/30 (Call 12/01/24)(a) | 140 | 112,288 |
Security | Par (000) | Value | ||||||
Media (continued) | ||||||||
Sirius XM Radio Inc. | ||||||||
3.13%, 09/01/26 (Call 09/01/23)(a) | $ | 270 | $ | 254,227 | ||||
3.88%, 09/01/31 (Call 09/01/26)(a) | 430 | 368,953 | ||||||
4.00%, 07/15/28 (Call 07/15/24)(a) | 580 | 538,646 | ||||||
4.13%, 07/01/30 (Call 07/01/25)(a) | 430 | 385,830 | ||||||
5.00%, 08/01/27 (Call 08/29/22)(a)(b) | 425 | 421,235 | ||||||
5.50%, 07/01/29 (Call 07/01/24)(a) | 360 | 353,578 | ||||||
TEGNA Inc. | ||||||||
4.63%, 03/15/28 (Call 03/15/23) | 265 | 259,120 | ||||||
4.75%, 03/15/26 (Call 03/15/23)(a) | 150 | 148,959 | ||||||
5.00%, 09/15/29 (Call 09/15/24) | 310 | 303,307 | ||||||
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28 (Call 12/01/22)(a) | 400 | 360,916 | ||||||
Univision Communications Inc. | ||||||||
4.50%, 05/01/29 (Call 05/01/24)(a)(b) | 280 | 253,333 | ||||||
5.13%, 02/15/25 (Call 08/09/22)(a) | 420 | 410,815 | ||||||
6.63%, 06/01/27 (Call 06/01/23)(a) | 435 | 437,627 | ||||||
7.38%, 06/30/30 (Call 06/30/25)(a)(b) | 155 | 156,707 | ||||||
UPC Broadband Finco BV, 4.88%, 07/15/31 (Call 07/15/26)(a) | 275 | 243,364 | ||||||
UPC Holding BV, 5.50%, 01/15/28 (Call 10/15/22)(a) | 100 | 90,709 | ||||||
Videotron Ltd. | ||||||||
3.63%, 06/15/29 (Call 06/15/24)(a)(b) | 140 | 122,263 | ||||||
5.13%, 04/15/27 (Call 08/29/22)(a) | 155 | 150,342 | ||||||
5.38%, 06/15/24 (Call 03/15/24)(a) | 175 | 176,059 | ||||||
VZ Secured Financing BV, 5.00%, 01/15/32 (Call 01/15/27)(a) | 450 | 401,729 | ||||||
Ziggo Bond Co. BV | ||||||||
5.13%, 02/28/30 (Call 02/15/25)(a) | 125 | 106,446 | ||||||
6.00%, 01/15/27 (Call 08/29/22)(a)(b) | 150 | 143,484 | ||||||
Ziggo BV, 4.88%, 01/15/30 (Call 10/15/24)(a)(b) | 325 | 300,524 | ||||||
13,554,374 | ||||||||
Metal Fabricate & Hardware — 0.1% | ||||||||
Advanced Drainage Systems Inc., 6.38%, 06/15/30 (Call 07/15/25)(a) | 155 | 157,430 | ||||||
Mining — 1.5% | ||||||||
Compass Minerals International Inc., 6.75%, 12/01/27 (Call 12/01/22)(a)(b) | 140 | 134,616 | ||||||
Constellium SE, 3.75%, 04/15/29 (Call 04/15/24)(a)(b) | 150 | 127,911 | ||||||
FMG Resources August 2006 Pty Ltd. | ||||||||
4.38%, 04/01/31 (Call 01/01/31)(a)(b) | 420 | 365,278 | ||||||
4.50%, 09/15/27 (Call 06/15/27)(a) | 180 | 165,776 | ||||||
5.13%, 05/15/24 (Call 02/15/24)(a)(b) | 205 | 204,151 | ||||||
FMG Resources August Pty. Ltd. | ||||||||
5.88%, 04/15/30 (Call 01/15/30)(a) | 195 | 185,299 | ||||||
6.13%, 04/15/32 (Call 01/15/32)(a) | 235 | 223,429 | ||||||
Hecla Mining Co., 7.25%, 02/15/28 (Call 02/15/23) | 125 | 123,926 | ||||||
Kaiser Aluminum Corp. | ||||||||
4.50%, 06/01/31 (Call 06/01/26)(a)(b) | 160 | 128,506 | ||||||
4.63%, 03/01/28 (Call 03/01/23)(a)(b) | 125 | 109,321 | ||||||
New Gold Inc., 7.50%, 07/15/27 (Call 07/15/23)(a)(b) | 115 | 90,254 | ||||||
Perenti Finance Pty Ltd., 6.50%, 10/07/25 (Call 10/07/22)(a)(b) | 125 | 111,511 | ||||||
Taseko Mines Ltd., 7.00%, 02/15/26 (Call 02/15/23)(a)(b) | 120 | 95,879 | ||||||
2,065,857 | ||||||||
Office & Business Equipment — 0.4% | ||||||||
Pitney Bowes Inc., 6.88%, 03/15/27 (Call 03/15/24)(a) | 105 | 85,675 | ||||||
Xerox Corp., 4.63%, 03/15/23 (Call 02/15/23) | 51 | 50,938 | ||||||
Xerox Holdings Corp. | ||||||||
5.00%, 08/15/25 (Call 07/15/25)(a)(b) | 220 | 212,538 | ||||||
5.50%, 08/15/28 (Call 07/15/28)(a) | 200 | 182,686 | ||||||
531,837 |
6
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Office Furnishings — 0.1% | ||||||||
Steelcase Inc., 5.13%, 01/18/29 (Call 10/18/28)(b) | $ | 125 | $ | 120,419 | ||||
Packaging & Containers — 2.6% | ||||||||
Ball Corp. | ||||||||
2.88%, 08/15/30 (Call 05/15/30) | 360 | 312,196 | ||||||
3.13%, 09/15/31 (Call 06/15/31) | 255 | 223,275 | ||||||
4.00%, 11/15/23 | 270 | 270,446 | ||||||
4.88%, 03/15/26 (Call 12/15/25) | 210 | 211,567 | ||||||
5.25%, 07/01/25(b) | 285 | 288,357 | ||||||
Berry Global Inc., 5.63%, 07/15/27 (Call 08/29/22)(a)(b) | 125 | 126,251 | ||||||
Cascades Inc./Cascades USA Inc., 5.38%, 01/15/28 (Call 01/15/23)(a) | 125 | 112,561 | ||||||
Graphic Packaging International LLC | ||||||||
3.50%, 03/15/28(a) | 130 | 120,280 | ||||||
3.75%, 02/01/30 (Call 08/01/29)(a)(b) | 105 | 94,896 | ||||||
OI European Group BV, 4.75%, 02/15/30 (Call 11/15/24)(a) | 105 | 87,912 | ||||||
Owens-Brockway Glass Container Inc. | ||||||||
5.88%, 08/15/23(a) | 160 | 160,043 | ||||||
6.63%, 05/13/27 (Call 05/15/23)(a)(b) | 185 | 177,918 | ||||||
Sealed Air Corp. | ||||||||
4.00%, 12/01/27 (Call 09/01/27)(a) | 105 | 99,850 | ||||||
5.00%, 04/15/29 (Call 04/15/25)(a) | 130 | 128,905 | ||||||
5.13%, 12/01/24 (Call 09/01/24)(a) | 110 | 111,250 | ||||||
5.50%, 09/15/25 (Call 06/15/25)(a)(b) | 105 | 106,992 | ||||||
6.88%, 07/15/33(a) | 135 | 143,867 | ||||||
Silgan Holdings Inc., 4.13%, 02/01/28 (Call 10/01/22)(b) | 150 | 142,926 | ||||||
TriMas Corp., 4.13%, 04/15/29 (Call 04/15/24)(a)(b) | 100 | 88,903 | ||||||
Trivium Packaging Finance BV | ||||||||
5.50%, 08/15/26 (Call 08/29/22)(a) | 300 | 296,100 | ||||||
8.50%, 08/15/27 (Call 08/15/22)(a)(b) | 200 | 194,310 | ||||||
3,498,805 | ||||||||
Pharmaceuticals — 3.0% | ||||||||
180 Medical Inc., 3.88%, 10/15/29 (Call 10/07/24)(a) | 135 | 122,897 | ||||||
AdaptHealth LLC | ||||||||
4.63%, 08/01/29 (Call 02/01/24)(a)(b) | 150 | 133,749 | ||||||
5.13%, 03/01/30 (Call 03/01/25)(a) | 170 | 156,216 | ||||||
Elanco Animal Health Inc., 6.40%, 08/28/28 (Call 05/28/28) | 220 | 224,858 | ||||||
Embecta Corp., 5.00%, 02/15/30 (Call 02/15/27)(a)(b) | 150 | 129,441 | ||||||
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 09/01/22)(a) | 170 | 159,380 | ||||||
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)(a) | 160 | 118,474 | ||||||
Horizon Therapeutics USA Inc., 5.50%, 08/01/27 (Call 08/29/22)(a) | 175 | 173,649 | ||||||
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)(a) | 410 | 394,687 | ||||||
Option Care Health Inc., 4.38%, 10/31/29 (Call 10/31/24)(a)(b) | 135 | 123,557 | ||||||
Organon & Co./Organon Foreign Debt Co-Issuer BV | ||||||||
4.13%, 04/30/28 (Call 04/30/24)(a) | 600 | 569,310 | ||||||
5.13%, 04/30/31 (Call 04/30/26)(a) | 575 | 538,695 | ||||||
Owens & Minor Inc. | ||||||||
4.50%, 03/31/29 (Call 03/31/24)(a)(b) | 140 | 126,364 | ||||||
6.63%, 04/01/30 (Call 04/01/25)(a) | 165 | 165,137 | ||||||
Perrigo Finance Unlimited Co. | ||||||||
3.90%, 12/15/24 (Call 09/15/24) | 200 | 196,588 | ||||||
4.38%, 03/15/26 (Call 12/15/25) | 200 | 196,458 | ||||||
4.40%, 06/15/30 (Call 03/15/30) | 200 | 181,924 | ||||||
PRA Health Sciences Inc., 2.88%, 07/15/26 (Call 07/15/23)(a)(b) | 150 | 141,645 |
Security | Par (000) | Value | ||||||
Pharmaceuticals (continued) | ||||||||
Prestige Brands Inc. | ||||||||
3.75%, 04/01/31 (Call 04/01/26)(a) | $ | 165 | $ | 141,837 | ||||
5.13%, 01/15/28 (Call 01/15/23)(a) | 100 | 96,563 | ||||||
4,091,429 | ||||||||
Real Estate — 1.3% | ||||||||
Cushman & Wakefield US Borrower LLC, 6.75%, 05/15/28 (Call 05/15/23)(a) | 175 | 173,194 | ||||||
Howard Hughes Corp. (The) | ||||||||
4.13%, 02/01/29 (Call 02/01/24)(a) | 180 | 156,897 | ||||||
4.38%, 02/01/31 (Call 02/01/26)(a) | 175 | 149,975 | ||||||
5.38%, 08/01/28 (Call 08/01/23)(a) | 225 | 210,893 | ||||||
Kennedy-Wilson Inc. | ||||||||
4.75%, 03/01/29 (Call 03/01/24) | 155 | 138,717 | ||||||
4.75%, 02/01/30 (Call 09/01/24) | 175 | 150,336 | ||||||
5.00%, 03/01/31 (Call 03/01/26) | 180 | 153,898 | ||||||
Newmark Group Inc., 6.13%, 11/15/23 (Call 10/15/23) | 155 | 156,632 | ||||||
Realogy Group LLC/Realogy Co-Issuer Corp. | ||||||||
5.25%, 04/15/30 (Call 04/15/25)(a) | 280 | 225,302 | ||||||
5.75%, 01/15/29 (Call 01/15/24)(a) | 265 | 216,298 | ||||||
1,732,142 | ||||||||
Real Estate Investment Trusts — 5.8% | ||||||||
Apollo Commercial Real Estate Finance Inc., 4.63%, 06/15/29 (Call 06/15/24)(a) | 139 | 109,155 | ||||||
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL | ||||||||
4.50%, 04/01/27 (Call 10/01/23)(a) | 215 | 188,931 | ||||||
5.75%, 05/15/26 (Call 08/09/22)(a) | 265 | 258,356 | ||||||
HAT Holdings I LLC/HAT Holdings II LLC | ||||||||
3.38%, 06/15/26 (Call 03/15/26)(a) | 275 | 242,245 | ||||||
6.00%, 04/15/25 (Call 08/29/22)(a)(b) | 105 | 102,542 | ||||||
Iron Mountain Inc. | ||||||||
4.50%, 02/15/31 (Call 02/15/26)(a) | 329 | 288,822 | ||||||
4.88%, 09/15/27 (Call 09/15/22)(a) | 265 | 253,157 | ||||||
4.88%, 09/15/29 (Call 09/15/24)(a) | 285 | 262,237 | ||||||
5.00%, 07/15/28 (Call 07/15/23)(a) | 145 | 137,965 | ||||||
5.25%, 03/15/28 (Call 12/27/22)(a) | 230 | 220,800 | ||||||
5.25%, 07/15/30 (Call 07/15/25)(a) | 370 | 344,829 | ||||||
5.63%, 07/15/32 (Call 07/15/26)(a)(b) | 170 | 161,386 | ||||||
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)(a) | 225 | 202,959 | ||||||
iStar Inc. | ||||||||
4.25%, 08/01/25 (Call 05/01/25) | 165 | 157,417 | ||||||
4.75%, 10/01/24 (Call 07/01/24) | 230 | 226,640 | ||||||
5.50%, 02/15/26 (Call 08/29/22) | 110 | 108,225 | ||||||
MPT Operating Partnership LP/MPT Finance Corp. | ||||||||
3.50%, 03/15/31 (Call 03/15/26) | 375 | 323,456 | ||||||
4.63%, 08/01/29 (Call 08/01/24) | 250 | 234,395 | ||||||
5.00%, 10/15/27 (Call 10/15/22) | 400 | 385,020 | ||||||
5.25%, 08/01/26 (Call 08/29/22) | 135 | 132,177 | ||||||
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer | ||||||||
4.88%, 05/15/29 (Call 05/15/24)(a) | 220 | 202,626 | ||||||
5.88%, 10/01/28 (Call 10/01/23)(a) | 240 | 235,421 | ||||||
7.50%, 06/01/25 (Call 08/29/22)(a) | 100 | 102,557 | ||||||
RHP Hotel Properties LP/RHP Finance Corp. | ||||||||
4.50%, 02/15/29 (Call 02/15/24)(a)(b) | 155 | 142,304 | ||||||
4.75%, 10/15/27 (Call 10/15/22) | 206 | 199,702 | ||||||
SBA Communications Corp. | ||||||||
3.13%, 02/01/29 (Call 02/01/24) | 415 | 363,270 | ||||||
3.88%, 02/15/27 (Call 02/15/23) | 425 | 405,463 |
7
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
Starwood Property Trust Inc. | ||||||||
3.63%, 07/15/26 (Call 01/15/26)(a) | $ | 110 | $ | 99,272 | ||||
3.75%, 12/31/24 (Call 09/30/24)(a) | 95 | 91,685 | ||||||
4.38%, 01/15/27 (Call 07/15/26)(a) | 155 | 142,898 | ||||||
4.75%, 03/15/25 (Call 09/15/24) | 145 | 144,097 | ||||||
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC | ||||||||
6.00%, 01/15/30 (Call 01/15/25)(a) | 195 | 140,451 | ||||||
7.88%, 02/15/25 (Call 08/29/22)(a) | 625 | 628,756 | ||||||
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC | ||||||||
4.75%, 04/15/28 (Call 04/15/24)(a) | 180 | 159,329 | ||||||
6.50%, 02/15/29 (Call 02/15/24)(a) | 305 | 229,973 | ||||||
XHR LP | ||||||||
4.88%, 06/01/29 (Call 06/01/24)(a) | 150 | 135,072 | ||||||
6.38%, 08/15/25 (Call 08/15/22)(a) | 140 | 140,994 | ||||||
7,904,584 | ||||||||
Retail — 5.1% | ||||||||
1011778 BC ULC/New Red Finance Inc. | ||||||||
3.50%, 02/15/29 (Call 02/15/24)(a)(b) | 230 | 208,571 | ||||||
3.88%, 01/15/28 (Call 09/15/22)(a)(b) | 430 | 404,690 | ||||||
4.00%, 10/15/30 (Call 10/15/25)(a)(b) | 840 | 733,051 | ||||||
4.38%, 01/15/28 (Call 11/15/22)(a)(b) | 220 | 204,380 | ||||||
5.75%, 04/15/25 (Call 08/29/22)(a)(b) | 130 | 131,560 | ||||||
Asbury Automotive Group Inc. | ||||||||
4.50%, 03/01/28 (Call 03/01/23) | 110 | 101,926 | ||||||
4.63%, 11/15/29 (Call 11/15/24)(a) | 240 | 212,316 | ||||||
4.75%, 03/01/30 (Call 03/01/25) | 120 | 106,957 | ||||||
5.00%, 02/15/32 (Call 11/15/26)(a) | 170 | 148,677 | ||||||
Bed Bath & Beyond Inc., 5.17%, 08/01/44 (Call 02/01/44) | 215 | 37,683 | ||||||
Dave & Buster’s Inc., 7.63%, 11/01/25 (Call 11/01/22)(a) | 119 | 120,643 | ||||||
Foot Locker Inc., 4.00%, 10/01/29 (Call 10/01/24)(a) | 100 | 77,670 | ||||||
Gap Inc. (The) | ||||||||
3.63%, 10/01/29 (Call 10/01/24)(a)(b) | 215 | 157,539 | ||||||
3.88%, 10/01/31 (Call 10/01/26)(a)(b) | 220 | 159,465 | ||||||
Group 1 Automotive Inc., 4.00%, 08/15/28 (Call 08/15/23)(a)(b) | 225 | 201,283 | ||||||
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of | ||||||||
America LLC, 4.75%, 06/01/27 (Call 08/29/22)(a) | 205 | 205,510 | ||||||
Lithia Motors Inc. | ||||||||
3.88%, 06/01/29 (Call 06/01/24)(a) | 250 | 223,955 | ||||||
4.38%, 01/15/31 (Call 10/15/25)(a) | 145 | 131,911 | ||||||
4.63%, 12/15/27 (Call 12/15/22)(a)(b) | 100 | 95,742 | ||||||
Macy’s Retail Holdings LLC | ||||||||
5.88%, 04/01/29 (Call 04/01/24)(a)(b) | 155 | 136,220 | ||||||
5.88%, 03/15/30 (Call 03/15/25)(a) | 120 | 103,102 | ||||||
6.13%, 03/15/32 (Call 03/15/27)(a)(b) | 110 | 92,984 | ||||||
Michaels Companies Inc. (The) | ||||||||
5.25%, 05/01/28 (Call 11/01/23)(a) | 240 | 199,783 | ||||||
7.88%, 05/01/29 (Call 05/01/24)(a)(b) | 360 | 248,396 | ||||||
Nordstrom Inc. | ||||||||
4.25%, 08/01/31 (Call 05/01/31)(b) | 110 | 89,073 | ||||||
4.38%, 04/01/30 (Call 01/01/30)(b) | 150 | 126,291 | ||||||
5.00%, 01/15/44 (Call 07/15/43)(b) | 275 | 201,625 | ||||||
Party City Holdings Inc., 8.75%, 02/15/26 (Call 08/15/23)(a)(b) | 210 | 127,775 | ||||||
Rite Aid Corp. | ||||||||
7.50%, 07/01/25 (Call 08/29/22)(a) | 174 | 151,622 | ||||||
8.00%, 11/15/26 (Call 01/15/23)(a)(b) | 235 | 199,252 | ||||||
Sally Holdings LLC/Sally Capital Inc., 5.63%, 12/01/25 (Call 08/29/22) | 180 | 179,132 |
Security | Par (000) | Value | ||||||
Retail (continued) | ||||||||
Sonic Automotive Inc. | ||||||||
4.63%, 11/15/29 (Call 11/15/24)(a)(b) | $ | 200 | $ | 172,858 | ||||
4.88%, 11/15/31 (Call 11/15/26)(a)(b) | 135 | 110,057 | ||||||
Yum! Brands Inc. | ||||||||
3.63%, 03/15/31 (Call 12/15/30) | 290 | 258,645 | ||||||
4.63%, 01/31/32 (Call 10/01/26) | 335 | 315,202 | ||||||
4.75%, 01/15/30 (Call 10/15/29)(a) | 230 | 223,629 | ||||||
5.38%, 04/01/32 (Call 04/01/27)(b) | 265 | 261,552 | ||||||
6,860,727 | ||||||||
Semiconductors — 0.7% | ||||||||
Amkor Technology Inc., 6.63%, 09/15/27 (Call 08/29/22)(a)(b) | 150 | 148,361 | ||||||
ams-OSRAM AG, 7.00%, 07/31/25 (Call 08/29/22)(a)(b) | 125 | 118,156 | ||||||
Entegris Escrow Corp., 5.95%, 06/15/30 (Call 06/15/25)(a) | 245 | 242,844 | ||||||
Entegris Inc. | ||||||||
3.63%, 05/01/29 (Call 05/01/24)(a) | 125 | 111,673 | ||||||
4.38%, 04/15/28 (Call 04/15/23)(a) | 105 | 98,940 | ||||||
ON Semiconductor Corp., 3.88%, 09/01/28 (Call 09/01/23)(a) | 185 | 171,295 | ||||||
Synaptics Inc., 4.00%, 06/15/29 (Call 06/15/24)(a)(b) | 105 | 91,710 | ||||||
982,979 | ||||||||
Software — 2.8% | ||||||||
ACI Worldwide Inc., 5.75%, 08/15/26 (Call 08/29/22)(a)(b) | 115 | 113,207 | ||||||
Black Knight InfoServ LLC, 3.63%, 09/01/28 (Call 09/01/23)(a) | 265 | 245,356 | ||||||
Camelot Finance SA, 4.50%, 11/01/26 (Call 11/01/22)(a) | 200 | 191,422 | ||||||
Central Parent Inc./Central Merger Sub Inc., 7.25%, 06/15/29 (Call 06/15/25)(a) | 250 | 253,995 | ||||||
Clarivate Science Holdings Corp. | ||||||||
3.88%, 07/01/28 (Call 06/30/24)(a)(b) | 255 | 232,170 | ||||||
4.88%, 07/01/29 (Call 06/30/24)(a)(b) | 260 | 230,113 | ||||||
Consensus Cloud Solutions Inc., 6.50%, 10/15/28 (Call 10/15/26)(a)(b) | 135 | 120,825 | ||||||
Dun & Bradstreet Corp. (The), 5.00%, 12/15/29 (Call 12/15/24)(a)(b) | 125 | 115,944 | ||||||
Elastic NV, 4.13%, 07/15/29 (Call 07/15/24)(a) | 150 | 133,385 | ||||||
Fair Isaac Corp. | ||||||||
4.00%, 06/15/28 (Call 12/15/22)(a) | 260 | 243,344 | ||||||
5.25%, 05/15/26 (Call 02/15/26)(a)(b) | 100 | 102,166 | ||||||
MicroStrategy Inc., 6.13%, 06/15/28 (Call 06/15/24)(a)(b) | 145 | 126,221 | ||||||
Open Text Corp. | ||||||||
3.88%, 02/15/28 (Call 02/15/23)(a) | 255 | 236,214 | ||||||
3.88%, 12/01/29 (Call 12/01/24)(a) | 255 | 229,781 | ||||||
Open Text Holdings Inc. | ||||||||
4.13%, 02/15/30 (Call 02/15/25)(a)(b) | 250 | 231,172 | ||||||
4.13%, 12/01/31 (Call 12/01/26)(a) | 177 | 157,891 | ||||||
PTC Inc. | ||||||||
3.63%, 02/15/25 (Call 08/29/22)(a) | 134 | 130,495 | ||||||
4.00%, 02/15/28 (Call 02/15/23)(a) | 130 | 123,497 | ||||||
Rackspace Technology Global Inc. | ||||||||
3.50%, 02/15/28 (Call 02/15/24)(a)(b) | 150 | 124,107 | ||||||
5.38%, 12/01/28 (Call 12/01/23)(a) | 160 | 119,034 | ||||||
Twilio Inc. | ||||||||
3.63%, 03/15/29 (Call 03/15/24) | 140 | 123,082 | ||||||
3.88%, 03/15/31 (Call 03/15/26)(b) | 140 | 124,149 | ||||||
ZoomInfo Technologies LLC/ZoomInfo Finance Corp., 3.88%, 02/01/29 (Call 02/01/24)(a) | 170 | 152,155 | ||||||
3,859,725 | ||||||||
Telecommunications — 8.7% | ||||||||
Avaya Inc., 6.13%, 09/15/28 (Call 09/15/23)(a) | 330 | 156,041 | ||||||
Ciena Corp., 4.00%, 01/31/30 (Call 01/31/25)(a) | 95 | 86,357 |
8
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Telecommunications (continued) | ||||||||
CommScope Inc. | ||||||||
4.75%, 09/01/29 (Call 09/01/24)(a)(b) | $ | 355 | $ | 308,438 | ||||
6.00%, 03/01/26 (Call 08/29/22)(a) | 435 | 423,103 | ||||||
7.13%, 07/01/28 (Call 07/01/23)(a)(b) | 200 | 165,984 | ||||||
8.25%, 03/01/27 (Call 08/29/22)(a) | 290 | 252,262 | ||||||
CommScope Technologies LLC | ||||||||
5.00%, 03/15/27 (Call 08/09/22)(a) | 230 | 189,288 | ||||||
6.00%, 06/15/25 (Call 08/09/22)(a) | 351 | 324,675 | ||||||
Consolidated Communications Inc. | ||||||||
5.00%, 10/01/28 (Call 10/01/23)(a) | 95 | 74,876 | ||||||
6.50%, 10/01/28 (Call 10/01/23)(a) | 230 | 197,864 | ||||||
Embarq Corp., 8.00%, 06/01/36 | 435 | 358,449 | ||||||
Hughes Satellite Systems Corp. | ||||||||
5.25%, 08/01/26 | 195 | 197,753 | ||||||
6.63%, 08/01/26(b) | 215 | 211,476 | ||||||
Intelsat Jackson Holdings SA, 6.50%, 03/15/30 (Call 03/15/25)(a) | 850 | 785,476 | ||||||
Level 3 Financing Inc. | ||||||||
3.63%, 01/15/29 (Call 01/15/24)(a) | 235 | 196,991 | ||||||
3.75%, 07/15/29 (Call 01/15/24)(a) | 245 | 202,738 | ||||||
4.25%, 07/01/28 (Call 07/01/23)(a)(b) | 350 | 306,663 | ||||||
4.63%, 09/15/27 (Call 09/15/22)(a) | 425 | 389,903 | ||||||
5.25%, 03/15/26 (Call 08/29/22)(b) | 200 | 198,350 | ||||||
Lumen Technologies Inc. | ||||||||
4.00%, 02/15/27 (Call 02/15/23)(a)(b) | 375 | 348,139 | ||||||
4.50%, 01/15/29 (Call 01/15/24)(a) | 335 | 265,467 | ||||||
5.13%, 12/15/26 (Call 12/15/22)(a) | 375 | 341,460 | ||||||
5.38%, 06/15/29 (Call 06/15/24)(a)(b) | 300 | 249,054 | ||||||
5.63%, 04/01/25 (Call 01/01/25)(b) | 160 | 159,472 | ||||||
Series P, 7.60%, 09/15/39(b) | 135 | 109,034 | ||||||
Series U, 7.65%, 03/15/42 | 135 | 105,413 | ||||||
Series W, 6.75%, 12/01/23 | 200 | 203,120 | ||||||
Series Y, 7.50%, 04/01/24 (Call 01/01/24) | 275 | 281,982 | ||||||
Maxar Technologies Inc., 7.75%, 06/15/27 (Call 06/15/24)(a) | 150 | 153,399 | ||||||
Nokia OYJ | ||||||||
4.38%, 06/12/27(b) | 147 | 148,579 | ||||||
6.63%, 05/15/39 | 130 | 135,984 | ||||||
Plantronics Inc., 4.75%, 03/01/29 (Call 03/01/24)(a) | 165 | 166,411 | ||||||
Switch Ltd. | ||||||||
3.75%, 09/15/28 (Call 09/15/23)(a) | 210 | 209,971 | ||||||
4.13%, 06/15/29 (Call 06/15/24)(a) | 165 | 166,827 | ||||||
Telecom Italia Capital SA | ||||||||
6.00%, 09/30/34 | 285 | 224,939 | ||||||
6.38%, 11/15/33 | 285 | 237,035 | ||||||
7.20%, 07/18/36 | 270 | 223,930 | ||||||
7.72%, 06/04/38 | 290 | 239,598 | ||||||
Telecom Italia SpA/Milano, 5.30%, 05/30/24(a) | 450 | 437,715 | ||||||
U.S. Cellular Corp., 6.70%, 12/15/33(b) | 150 | 149,094 | ||||||
Viavi Solutions Inc., 3.75%, 10/01/29 (Call 10/01/24)(a)(b) | 110 | 97,805 | ||||||
Vodafone Group PLC | ||||||||
3.25%, 06/04/81 (Call 06/04/26)(c) | 140 | 124,144 |
Security | Par/ Shares (000) | Value | ||||||
Telecommunications (continued) | ||||||||
4.13%, 06/04/81 (Call 03/04/31)(c) | $ | 280 | $ | 226,691 | ||||
5.13%, 06/04/81 (Call 12/04/50)(c) | 265 | 200,769 | ||||||
7.00%, 04/04/79 (Call 01/04/29), (5 year USD Swap + 4.873%)(c) | 565 | 593,566 | ||||||
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 08/15/23)(a) | 395 | 353,474 | ||||||
Zayo Group Holdings Inc. | ||||||||
4.00%, 03/01/27 (Call 08/29/22)(a)(b) | 410 | 359,111 | ||||||
6.13%, 03/01/28 (Call 03/01/23)(a) | 310 | 240,250 | ||||||
11,779,120 | ||||||||
Transportation — 0.1% | ||||||||
Cargo Aircraft Management Inc., 4.75%, 02/01/28 (Call 02/01/23)(a) | 200 | 187,640 | ||||||
Trucking & Leasing — 0.1% | ||||||||
AerCap Global Aviation Trust, 6.50%, 06/15/45 (Call 06/15/25), (3 mo. LIBOR US + 4.300%)(a)(c) | 125 | 117,668 | ||||||
Total Long-Term Investments — 97.5% | ||||||||
(Cost: $147,368,072) | 132,287,437 | |||||||
Short-Term Securities | ||||||||
Money Market Funds — 24.7% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 1.93%(f)(g)(h) | 31,321 | 31,317,621 | ||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 1.81%(f)(g) | 2,265 | 2,265,000 | ||||||
Total Short-Term Securities — 24.7% | ||||||||
(Cost: $33,581,553) | 33,582,621 | |||||||
Total Investments in Securities — 122.2% | ||||||||
(Cost: $180,949,625) | 165,870,058 | |||||||
Liabilities in Excess of Other Assets — (22.2)% | (30,157,507 | ) | ||||||
Net Assets — 100.0% | $ | 135,712,551 |
(a) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(b) | All or a portion of this security is on loan. |
(c) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(d) | Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. |
(e) | Perpetual security with no stated maturity date. |
(f) | Affiliate of the Fund. |
(g) | Annualized 7-day yield as of period end. |
(h) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
9
Schedule of Investments (unaudited) (continued) | iShares® ESG Advanced High Yield Corporate Bond ETF |
July 31, 2022 |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended July 31, 2022 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value
at 10/31/21 | Purchases at Cost | Proceeds from Sale | Net
Realized Gain (Loss) | Change
in Unrealized Appreciation (Depreciation) | Value
at 07/31/22 | Shares Held at 07/31/22 (000) | Income | Capital
Gain Distributions from Underlying Funds |
||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 14,924,087 | $ | 16,406,687 | (a) | $ | — | $ | (13,201 | ) | $ | 48 | $ | 31,317,621 | 31,321 | $ | 61,672 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 2,065,000 | 200,000 | (a) | — | — | — | 2,265,000 | 2,265 | 9,330 | — | |||||||||||||||||||||||||
$ | (13,201 | ) | $ | 48 | $ | 33,582,621 | $ | 71,002 | $ | — |
(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. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
● | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access; |
● | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and |
● | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the BlackRock Global Valuation Methodologies Committee’s (the “Global Valuation Committee’s”) assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Global Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent 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 | $ | — | $ | 132,287,437 | $ | — | $ | 132,287,437 | ||||||||
Money Market Funds | 33,582,621 | — | — | 33,582,621 | ||||||||||||
$ | 33,582,621 | $ | 132,287,437 | $ | — | $ | 165,870,058 |
Portfolio Abbreviations - Fixed Income
LIBOR | London Interbank Offered Rate |
PIK | Payment-in-kind |
REIT | Real Estate Investment Trust |
10