Security
Shares
Value
a
Investment
Companies
(a)
Domestic
Equity
—
60
.9
%
iShares
Core
U.S.
REIT
ETF
.................
1,835
$
102,650
iShares
Russell
1000
ETF
...................
17,126
5,217,778
iShares
Russell
2000
ETF
(b)
..................
1,915
373,157
5,693,585
a
Domestic
Fixed
Income
—
1
.0
%
iShares
10+
Year
Investment
Grade
Corporate
Bond
ETF
(b)
...............................
1,880
92,571
a
International
Equity
—
38
.0
%
iShares
Core
MSCI
Emerging
Markets
ETF
.......
18,933
1,025,601
iShares
Core
MSCI
International
Developed
Markets
ETF
................................
35,252
2,524,748
3,550,349
a
Total
Long-Term
Investments — 99.9%
(Cost:
$
8,648,866
)
..................................
9,336,505
Security
Shares
Value
a
Short-Term
Securities
Money
Market
Funds
—
5
.0
%
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
4.46
%
(a)
(c)
(d)
......................
465,198
$
465,384
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
4.30
%
(a)
(c)
............................
3,256
3,256
a
Total
Short-Term
Securities — 5.0%
(Cost:
$
468,643
)
...................................
468,640
Total
Investments
—
104.9%
(Cost:
$
9,117,509
)
..................................
9,805,145
Liabilities
in
Excess
of
Other
Assets
—
(
4
.9
)
%
...............
(
458,112
)
Net
Assets
—
100.0%
.................................
$
9,347,033
(a)
Affiliate
of
the
Fund.
(b)
All
or
a
portion
of
this
security
is
on
loan.
(c)
Annualized
7-day
yield
as
of
period
end.
(d)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
April
30,
2025
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
07/31/24
Purchases
at
Cost
Proceeds
from
Sale
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
04/30/25
Shares
Held
at
04/30/25
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
$
274,805
$
191,041
(a)
$
—
$
(
454
)
$
(
8
)
$
465,384
465,198
$
3,628
(b)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
..
4,502
—
(
1,246
)
(a)
—
—
3,256
3,256
298
—
iShares
10+
Year
Investment
Grade
Corporate
Bond
ETF
49,302
50,061
(
3,770
)
(
189
)
(
2,833
)
92,571
1,880
2,550
—
iShares
Core
MSCI
Emerging
Markets
ETF
..........
471,382
624,927
(
72,340
)
(
3,717
)
5,349
1,025,601
18,933
13,847
—
iShares
Core
MSCI
International
Developed
Markets
ETF
..........
1,231,467
1,412,624
(
250,386
)
1,325
129,718
2,524,748
35,252
24,136
—
iShares
Core
U.S.
REIT
ETF
......
51,758
56,552
(
2,765
)
(
184
)
(
2,711
)
102,650
1,835
1,644
—
iShares
Russell
1000
ETF
..........
2,893,108
2,969,770
(
579,101
)
(
37,131
)
(
28,868
)
5,217,778
17,126
38,434
—
iShares
Russell
2000
ETF
..........
224,084
205,671
(
7,704
)
(
1,515
)
(
47,379
)
373,157
1,915
2,612
—
$
(
41,865
)
$
53,268
$
9,805,145
$
87,149
$
—
(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.