Security
Shares
Value
a
Investment
Companies
(a)
Domestic
Equity
—
18
.9
%
iShares
Core
S&P
500
ETF
..................
200,059
$
111,624,920
iShares
Core
S&P
Mid-Cap
ETF
...............
111,066
6,320,766
iShares
Core
S&P
Small-Cap
ETF
.............
29,178
2,921,593
120,867,279
a
Domestic
Fixed
Income
—
59
.2
%
iShares
Core
Total
USD
Bond
Market
ETF
........
8,217,082
378,396,626
a
International
Equity
—
11
.5
%
iShares
Core
MSCI
Emerging
Markets
ETF
.......
376,533
20,396,793
iShares
Core
MSCI
International
Developed
Markets
ETF
................................
741,181
53,083,383
73,480,176
a
International
Fixed
Income
—
10
.4
%
iShares
Core
International
Aggregate
Bond
ETF
....
1,304,923
66,316,187
a
Total
Long-Term
Investments — 100.0%
(Cost:
$
688,097,369
)
................................
639,060,268
Security
Shares
Value
a
Short-Term
Securities
Money
Market
Funds
—
0
.1
%
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
4.30
%
(a)
(b)
............................
879,990
$
879,990
a
Total
Short-Term
Securities — 0.1%
(Cost:
$
879,990
)
...................................
879,990
Total
Investments
—
100.1%
(Cost:
$
688,977,359
)
................................
639,940,258
Liabilities
in
Excess
of
Other
Assets
—
(
0
.1
)
%
...............
(
335,722
)
Net
Assets
—
100.0%
.................................
$
639,604,536
(a)
Affiliate
of
the
Fund.
(b)
Annualized
7-day
yield
as
of
period
end.
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
(a)
..
$
—
$
150
(b)
$
—
$
(
150
)
$
—
$
—
—
$
14,425
(c)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
.........
447,253
432,737
(b)
—
—
—
879,990
879,990
29,169
—
iShares
Core
International
Aggregate
Bond
ETF
59,772,768
32,178,772
(
25,009,617
)
(
499,121
)
(
126,615
)
66,316,187
1,304,923
3,084,591
—
iShares
Core
MSCI
Emerging
Markets
ETF
...........
17,576,457
10,402,745
(
7,482,821
)
22,365
(
121,953
)
20,396,793
376,533
473,600
—
iShares
Core
MSCI
International
Developed
Markets
ETF
...........
49,618,930
24,952,644
(
24,393,689
)
1,218,241
1,687,257
53,083,383
741,181
849,867
—
iShares
Core
S&P
500
ETF
...........
101,443,475
59,234,081
(
50,071,950
)
11,226,612
(
10,207,298
)
111,624,920
200,059
1,170,985
—
iShares
Core
S&P
Mid-
Cap
ETF
........
6,167,874
3,468,302
(
2,818,930
)
447,396
(
943,876
)
6,320,766
111,066
70,884
—
iShares
Core
S&P
Small-
Cap
ETF
........
2,796,493
1,749,465
(
1,157,875
)
139,682
(
606,172
)
2,921,593
29,178
53,426
—
iShares
Core
Total
USD
Bond
Market
ETF
..
340,724,367
187,220,493
(
147,987,960
)
(
1,395,619
)
(
164,655
)
378,396,626
8,217,082
11,284,586
—
$
11,159,406
$
(
10,483,312
)
$
639,940,258
$
17,031,533
$
—
(a)
As
of
period
end,
the
entity
is
no
longer
held.
(b)
Represents
net
amount
purchased
(sold).
(c)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
fees
and
collateral
investment
expenses,
and
other
payments
to
and
from
borrowers
of
securities.