Schedule of Investments (unaudited)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond ETF
(Percentages shown are based on Net Assets)
 
Security
Shares
Value
Investment Companies
Exchange-Traded Funds — 94.4%
iShares iBoxx $ Investment Grade Corporate Bond
ETF(a)(b)
4,369,702
$483,157,950
Total Investment Companies
(Cost: $481,968,489)
483,157,950
Short-Term Securities
Money Market Funds — 53.2%
BlackRock Cash Funds: Institutional, SL Agency
Shares,
3.82%(a)(c)(d)
244,118,697
244,240,756
BlackRock Cash Funds: Treasury, SL Agency
Shares,
3.64%(a)(c)
27,900,000
27,900,000
Total Short-Term Securities — 53.2%
(Cost: $272,113,065)
272,140,756
Total Investments in Securities — 147.6%
(Cost: $754,081,554)
755,298,706
Liabilities in Excess of Other Assets — (47.6)%
(243,437,506
)
Net Assets — 100.0%
$511,861,200
 
(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 January 31, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
10/31/25
Purchases
at Cost
Proceeds
from Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
01/31/26
Shares
Held at
01/31/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional,
SL Agency Shares
$219,140,443
$25,100,419
(a)
$—
$1,008
$(1,114
)
$244,240,756
244,118,697
$294,834
(b)
$—
BlackRock Cash Funds: Treasury, SL
Agency Shares
20,810,000
7,090,000
(a)
—
—
—
27,900,000
27,900,000
266,101
—
iShares iBoxx $ Investment Grade
Corporate Bond ETF
508,337,451
178,659,836
(199,553,822
)
6,785,714
(11,071,229
)
483,157,950
4,369,702
6,847,995
—
 
 
 
 
$6,786,722
$(11,072,343)
$755,298,706
 
$7,408,930
$—
 
(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 collateral investment fees, and other payments to
and from borrowers of securities.
 
1
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond ETF
 
Derivative Financial Instruments Outstanding as of Period End
Centrally Cleared Interest Rate Swaps 
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
1.00%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/07/26
USD
3,800
$80,176
$7
$80,169
0.49%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/22/27
USD
55,232
2,545,965
(38,523
)
2,584,488
1.19%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/20/28
USD
22,300
1,268,931
114
1,268,817
3.22%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/28/28
USD
15,000
69,047
113
68,934
3.40%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/22/29
USD
1,400
1,451
10
1,441
3.24%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/09/29
USD
2,000
13,182
14
13,168
3.18%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/10/29
USD
2,000
16,970
15
16,955
3.21%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/25/29
USD
2,500
19,596
19
19,577
3.68%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/05/30
USD
2,000
(16,684
)
16
(16,700
)
3.72%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/24/30
USD
2,000
(19,046
)
17
(19,063
)
3.59%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/14/30
USD
3,000
(13,752
)
25
(13,777
)
3.71%
Annual
1-day SOFR,
3.68%
Annual
N/A
05/15/30
USD
2,000
(18,515
)
17
(18,532
)
3.28%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/17/30
USD
2,265
22,435
21
22,414
0.78%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/19/30
USD
25,400
3,018,514
(289,923
)
3,308,437
3.38%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/20/30
USD
5,000
30,764
48
30,716
3.31%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/26/30
USD
4,000
37,265
37
37,228
3.28%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/28/30
USD
10,000
107,086
95
106,991
3.28%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/01/30
USD
8,154
87,094
78
87,016
1.22%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/12/31
USD
13,180
1,407,788
108,940
1,298,848
1.03%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/23/31
USD
1,000
128,564
9
128,555
1.28%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/23/31
USD
5,000
579,925
(66,893
)
646,818
3.23%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/09/31
USD
3,000
51,723
34
51,689
3.20%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/10/31
USD
1,000
19,086
11
19,075
3.29%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/07/31
USD
2,000
29,786
22
29,764
3.57%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/15/31
USD
1,500
1,222
17
1,205
1.24%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/15/31
USD
18,300
2,275,932
191
2,275,741
1.28%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/17/31
USD
3,100
380,176
33
380,143
3.69%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/05/32
USD
1,000
(4,739
)
12
(4,751
)
2 
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond ETF
 
Centrally Cleared Interest Rate Swaps (continued)
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
3.67%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/14/32
USD
2,000
$(6,281
)
$25
$(6,306
)
3.63%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/29/32
USD
1,000
(596
)
12
(608
)
3.57%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/14/32
USD
5,000
20,414
1,672
18,742
3.35%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/10/32
USD
7,359
130,331
(14,232
)
144,563
3.35%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/11/32
USD
4,100
71,293
53
71,240
3.49%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/02/32
USD
2,500
24,545
33
24,512
3.49%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/10/32
USD
1,682
16,863
22
16,841
3.40%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/17/32
USD
1,676
25,984
22
25,962
3.40%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/29/32
USD
2,976
45,696
39
45,657
3.51%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/13/32
USD
3,900
35,175
52
35,123
3.50%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/20/32
USD
3,000
30,066
40
30,026
3.43%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/26/32
USD
3,000
42,908
40
42,868
3.40%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/28/32
USD
10,000
160,160
133
160,027
3.39%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/01/32
USD
9,669
157,780
129
157,651
3.60%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/11/32
USD
3,100
11,829
41
11,788
3.61%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/26/32
USD
3,500
13,386
48
13,338
3.61%
Annual
1-day SOFR,
3.68%
Annual
N/A
01/16/33
USD
4,600
16,651
62
16,589
3.42%
Annual
1-day SOFR,
3.68%
Annual
N/A
05/24/33
USD
1,000
18,187
12
18,175
3.55%
Annual
1-day SOFR,
3.68%
Annual
N/A
07/05/33
USD
1,500
15,455
19
15,436
3.56%
Annual
1-day SOFR,
3.68%
Annual
N/A
07/18/33
USD
1,500
14,364
20
14,344
3.51%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/28/33
USD
800
12,310
11
12,299
3.65%
Annual
1-day SOFR,
3.68%
Annual
N/A
01/12/34
USD
400
2,316
6
2,310
3.72%
Annual
1-day SOFR,
3.68%
Annual
N/A
01/24/34
USD
2,000
1,886
29
1,857
3.66%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/06/34
USD
2,500
13,375
36
13,339
3.76%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/07/34
USD
300
(184
)
4
(188
)
3.71%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/11/34
USD
1,000
2,380
14
2,366
3.37%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/22/34
USD
1,000
29,731
15
29,716
3.27%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/09/34
USD
2,000
75,750
30
75,720
3.25%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/10/34
USD
1,000
39,201
16
39,185
 
3
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond ETF
 
Centrally Cleared Interest Rate Swaps (continued)
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
3.29%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/25/34
USD
1,000
$36,180
$15
$36,165
3.34%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/07/34
USD
1,000
32,753
15
32,738
3.72%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/04/34
USD
1,500
8,427
23
8,404
3.74%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/05/35
USD
3,500
19,061
56
19,005
3.76%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/29/35
USD
1,000
4,595
17
4,578
3.73%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/26/35
USD
1,000
8,305
17
8,288
0.91%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/25/35
USD
26,000
6,187,661
(465,884
)
6,653,545
3.65%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/02/35
USD
2,200
33,871
37
33,834
3.66%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/10/35
USD
1,874
28,634
32
28,602
3.57%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/17/35
USD
1,243
27,730
21
27,709
3.56%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/27/35
USD
1,844
42,658
31
42,627
3.65%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/03/35
USD
1,914
30,269
33
30,236
3.68%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/20/35
USD
3,500
49,973
59
49,914
3.66%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/24/35
USD
1,000
16,058
16
16,042
3.61%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/26/35
USD
2,200
43,451
38
43,413
3.59%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/28/35
USD
7,000
149,988
119
149,869
3.58%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/01/35
USD
7,337
164,501
125
164,376
1.35%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/15/36
USD
6,400
1,459,425
102
1,459,323
3.53%
Annual
1-day SOFR,
3.68%
Annual
N/A
07/18/38
USD
1,000
45,908
18
45,890
3.76%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/07/39
USD
500
13,615
10
13,605
3.72%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/11/39
USD
500
15,374
9
15,365
3.49%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/20/39
USD
1,000
58,174
19
58,155
3.34%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/09/39
USD
1,000
74,760
20
74,740
3.33%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/10/39
USD
400
30,250
8
30,242
3.31%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/11/39
USD
800
61,979
16
61,963
3.80%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/23/39
USD
1,000
26,415
20
26,395
3.75%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/04/39
USD
1,000
32,164
20
32,144
3.81%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/05/40
USD
1,800
50,058
37
50,021
3.80%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/17/40
USD
688
22,102
15
22,087
4 
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond ETF
 
Centrally Cleared Interest Rate Swaps (continued)
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
1.11%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/19/40
USD
20,700
$6,913,468
$334,515
$6,578,953
3.78%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/29/40
USD
1,394
48,055
29
48,026
3.84%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/28/40
USD
900
25,073
19
25,054
3.83%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/01/40
USD
3,919
116,940
83
116,857
3.47%
Annual
1-day SOFR,
3.68%
Annual
N/A
07/18/43
USD
1,200
104,524
30
104,494
3.78%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/31/43
USD
1,000
48,873
26
48,847
3.82%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/14/43
USD
500
22,880
13
22,867
3.52%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/28/43
USD
1,000
83,723
26
83,697
3.76%
Annual
1-day SOFR,
3.68%
Annual
N/A
01/24/44
USD
1,000
53,237
26
53,211
3.79%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/07/44
USD
500
24,531
13
24,518
3.80%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/14/44
USD
500
23,945
13
23,932
3.93%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/26/44
USD
300
9,724
8
9,716
3.78%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/15/44
USD
500
25,745
14
25,731
3.88%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/28/44
USD
700
27,009
18
26,991
3.80%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/02/44
USD
300
14,890
8
14,882
3.87%
Annual
1-day SOFR,
3.68%
Annual
N/A
06/07/44
USD
800
33,146
21
33,125
3.41%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/22/44
USD
400
40,823
10
40,813
3.45%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/05/44
USD
500
48,466
13
48,453
3.35%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/09/44
USD
1,000
110,394
26
110,368
3.35%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/10/44
USD
200
22,089
5
22,084
3.33%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/20/44
USD
600
67,679
16
67,663
3.41%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/25/44
USD
1,500
154,308
41
154,267
3.68%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/14/44
USD
1,000
67,025
27
66,998
3.81%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/24/44
USD
1,500
74,681
40
74,641
3.82%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/29/44
USD
750
36,261
20
36,241
3.78%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/07/44
USD
800
43,416
21
43,395
3.89%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/12/44
USD
1,000
39,591
27
39,564
3.81%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/05/45
USD
800
40,684
21
40,663
0.86%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/30/45
USD
19,747
8,803,442
109,490
8,693,952
 
5
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond ETF
 
Centrally Cleared Interest Rate Swaps (continued)
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
3.95%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/29/45
USD
400
$13,125
$11
$13,114
3.95%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/10/45
USD
1,414
49,423
(14,828
)
64,251
3.85%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/18/45
USD
1,121
54,369
31
54,338
3.96%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/02/45
USD
400
13,238
11
13,227
3.90%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/17/45
USD
568
23,482
16
23,466
3.88%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/27/45
USD
747
32,813
20
32,793
3.88%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/29/45
USD
959
42,996
26
42,970
3.96%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/03/45
USD
776
26,532
22
26,510
3.96%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/26/45
USD
900
29,988
25
29,963
3.96%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/28/45
USD
3,400
115,385
95
115,290
3.94%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/01/45
USD
4,492
163,847
125
163,722
3.60%
Annual
1-day SOFR,
3.68%
Annual
N/A
01/12/49
USD
400
37,309
12
37,297
3.34%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/22/49
USD
700
94,144
22
94,122
3.39%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/05/49
USD
600
76,523
19
76,504
3.28%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/09/49
USD
1,200
172,355
38
172,317
3.28%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/10/49
USD
400
57,274
12
57,262
3.27%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/20/49
USD
700
101,511
22
101,489
3.35%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/25/49
USD
1,000
132,772
31
132,741
3.62%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/15/49
USD
1,000
92,374
32
92,342
1.06%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/18/50
USD
16,655
8,185,688
(390,531
)
8,576,219
3.91%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/17/50
USD
1,154
57,389
38
57,351
1.18%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/19/50
USD
14,550
6,883,505
1,060,462
5,823,043
3.88%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/29/50
USD
2,005
108,935
64
108,871
3.96%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/01/50
USD
418
17,898
13
17,885
1.29%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/07/51
USD
3,700
1,729,482
118
1,729,364
3.13%
Annual
1-day SOFR,
3.68%
Annual
N/A
06/27/53
USD
900
162,022
26
161,996
3.18%
Annual
1-day SOFR,
3.68%
Annual
N/A
07/05/53
USD
1,200
207,480
35
207,445
3.27%
Annual
1-day SOFR,
3.68%
Annual
N/A
07/07/53
USD
1,000
156,443
34
156,409
3.35%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/28/53
USD
700
101,042
24
101,018
6 
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond ETF
 
Centrally Cleared Interest Rate Swaps (continued)
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
3.52%
Annual
1-day SOFR,
3.68%
Annual
N/A
01/12/54
USD
500
$58,318
$17
$58,301
3.60%
Annual
1-day SOFR,
3.68%
Annual
N/A
01/19/54
USD
550
56,884
19
56,865
3.67%
Annual
1-day SOFR,
3.68%
Annual
N/A
01/25/54
USD
700
64,532
24
64,508
3.51%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/06/54
USD
600
70,621
21
70,600
3.61%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/07/54
USD
700
70,818
24
70,794
3.64%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/14/54
USD
600
57,842
20
57,822
3.53%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/07/54
USD
350
40,296
12
40,284
3.60%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/15/54
USD
900
93,206
31
93,175
3.72%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/25/54
USD
400
33,448
14
33,434
3.67%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/28/54
USD
200
18,320
7
18,313
3.70%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/28/54
USD
600
52,321
20
52,301
3.61%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/02/54
USD
200
20,296
7
20,289
3.75%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/04/54
USD
500
39,672
17
39,655
3.79%
Annual
1-day SOFR,
3.68%
Annual
N/A
05/20/54
USD
300
21,769
10
21,759
3.82%
Annual
1-day SOFR,
3.68%
Annual
N/A
05/23/54
USD
400
27,035
14
27,021
3.68%
Annual
1-day SOFR,
3.68%
Annual
N/A
06/07/54
USD
500
45,161
18
45,143
3.33%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/20/54
USD
1,000
148,432
35
148,397
3.25%
Annual
1-day SOFR,
3.68%
Annual
N/A
08/22/54
USD
400
64,659
14
64,645
3.31%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/05/54
USD
1,500
228,921
53
228,868
3.20%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/09/54
USD
800
136,334
28
136,306
3.18%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/11/54
USD
900
156,770
31
156,739
3.20%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/20/54
USD
500
85,782
17
85,765
3.28%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/25/54
USD
950
149,023
33
148,990
3.33%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/07/54
USD
600
89,481
21
89,460
3.55%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/15/54
USD
1,000
112,997
35
112,962
3.67%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/24/54
USD
1,300
118,940
45
118,895
3.68%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/29/54
USD
800
72,456
28
72,428
3.61%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/07/54
USD
700
72,033
25
72,008
3.73%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/12/54
USD
1,100
90,138
38
90,100
 
7
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond ETF
 
Centrally Cleared Interest Rate Swaps (continued)
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
3.77%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/17/54
USD
2,000
$151,788
$70
$151,718
3.86%
Annual
1-day SOFR,
3.68%
Annual
N/A
02/07/55
USD
500
30,446
18
30,428
3.82%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/10/55
USD
1,300
87,342
46
87,296
3.84%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/11/55
USD
500
31,865
17
31,848
3.76%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/24/55
USD
400
30,968
14
30,954
3.80%
Annual
1-day SOFR,
3.68%
Annual
N/A
03/24/55
USD
500
35,420
18
35,402
3.87%
Annual
1-day SOFR,
3.68%
Annual
N/A
04/29/55
USD
600
35,643
21
35,622
3.83%
Annual
1-day SOFR,
3.68%
Annual
N/A
09/18/55
USD
1,316
86,349
47
86,302
3.93%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/02/55
USD
900
43,953
32
43,921
3.96%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/09/55
USD
400
17,486
14
17,472
3.88%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/17/55
USD
1,186
67,486
43
67,443
3.85%
Annual
1-day SOFR,
3.68%
Annual
N/A
10/29/55
USD
1,501
93,439
54
93,385
3.92%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/03/55
USD
909
45,501
33
45,468
3.95%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/26/55
USD
1,100
49,468
39
49,429
3.95%
Annual
1-day SOFR,
3.68%
Annual
N/A
11/28/55
USD
2,200
98,548
78
98,470
3.93%
Annual
1-day SOFR,
3.68%
Annual
N/A
12/01/55
USD
4,321
208,644
154
208,490
 
 
 
 
 
$61,390,073
$340,063
$61,050,010
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. 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 that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the 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 Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have 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.
8 
Schedule of Investments (unaudited)(continued)
January 31, 2026
iShares® Interest Rate Hedged Corporate Bond 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
Assets 
Investments 
Long-Term Investments 
Investment Companies
$483,157,950
$—
$—
$483,157,950
Short-Term Securities 
Money Market Funds
272,140,756
—
—
272,140,756
 
$755,298,706
$—
$—
$755,298,706
Derivative Financial Instruments(a) 
Assets 
Interest Rate Contracts
$—
$61,129,935
$—
$61,129,935
Liabilities 
Interest Rate Contracts
—
(79,925
)
—
(79,925
)
 
$—
$61,050,010
$—
$61,050,010
 
(a)
Derivative financial instruments are swaps.  Swaps are valued at the unrealized appreciation (depreciation) on the instrument.   
 
Portfolio Abbreviation
SOFR
Secured Overnight Financing Rate
 
9