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Schedule of Investments (unaudited)

April 30, 2026

iShares® Large Cap Deep Quarterly Laddered ETF

(Formerly iShares® Large Cap Deep Buffer ETF)

(Percentages shown are based on Net Assets)

Security	Shares	Value
Investment Companies
Equity Funds — 101.9%
iShares Core S&P 500 ETF(a)(b)	172,450	$ 124,520,971
Total Long-Term Investments — 101.9% (Cost: $105,278,481)		124,520,971
Short-Term Securities
Money Market Funds — 0.6%
BlackRock Cash Funds: Treasury, SL Agency Shares, 3.61%(a)(c)	716,774	716,774
Total Short-Term Securities — 0.6% (Cost: $716,774)		716,774
Options Purchased — 0.8% (Cost: $2,396,619)		923,880
Total Investments Before Options Written — 103.3% (Cost: $108,391,874)		126,161,625
Options Written — (3.2)% (Premiums Received: $(2,080,049))		(3,875,345 )
Total Investments Net of Options Written — 100.1% (Cost: $106,311,825)		122,286,280
Liabilities in Excess of Other Assets — (0.1)%		(98,947 )
Net Assets — 100.0%		$ 122,187,333

(a)	Affiliate of the Fund.
(b)	All or a portion of the security has been pledged and/or segregated as collateral in connection with outstanding exchange-traded options written.
(c)	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, 2026 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 07/31/25	Purchases at Cost	Proceeds from Sales	Net Realized Gain (Loss)	Change in Unrealized Appreciation (Depreciation)	Value at 04/30/26	Shares Held at 04/30/26	Income	Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Treasury, SL Agency Shares	$ 759,341	$ —	$ (42,567 )(a)	$ —	$ —	$ 716,774	716,774	$ 18,989	$ —
iShares Core S&P 500 ETF	235,611,390	30,038,305	(159,005,500 )	21,827,521	(3,950,745 )	124,520,971	172,450	1,144,418	—
				$ 21,827,521	$ (3,950,745 )	$ 125,237,745		$ 1,163,407	$ —

(a)	Represents net amount purchased (sold).

Derivative Financial Instruments Outstanding as of Period End

Futures Contracts

Description	Number of Contracts	Expiration Date	Notional Amount (000)	Value/ Unrealized Appreciation (Depreciation)
Long Contracts
Micro E-Mini S&P 500 Index	23	06/18/26	$ 833	$ 64,050

Schedule of Investments (unaudited) (continued)

April 30, 2026

iShares® Large Cap Deep Quarterly Laddered ETF

(Formerly iShares® Large Cap Deep Buffer ETF)

Exchange-Traded Options Purchased

Description	Number of Contracts	Expiration Date	Exercise Price		Notional Amount (000)		Value
Put
iShares Core S&P 500 ETF	579	06/02/26	USD	654.91	USD	41,808	$92,154
iShares Core S&P 500 ETF	579	07/02/26	USD	620.55	USD	41,808	134,658
iShares Core S&P 500 ETF	578	08/04/26	USD	685.97	USD	41,736	697,068
							$923,880

Exchange-Traded Options Written

Description	Number of Contracts	Expiration Date	Exercise Price		Notional Amount (000)		Value
Call
iShares Core S&P 500 ETF	579	06/02/26	USD	725.64	USD	41,808	$(679,057 )
iShares Core S&P 500 ETF	579	07/02/26	USD	689.40	USD	41,808	(2,549,551 )
iShares Core S&P 500 ETF	578	08/04/26	USD	762.79	USD	41,736	(413,270 )
							$(3,641,878 )
Put
iShares Core S&P 500 ETF	579	06/02/26	USD	551.50	USD	41,808	$(14,736 )
iShares Core S&P 500 ETF	579	07/02/26	USD	522.57	USD	41,808	(39,551 )
iShares Core S&P 500 ETF	578	08/04/26	USD	577.66	USD	41,736	(179,180 )
							$(233,467 )
							$(3,875,345 )

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.

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	$ 124,520,971	$ —	$ —	$ 124,520,971
Short-Term Securities
Money Market Funds	716,774	—	—	716,774
Options Purchased
Equity Contracts	923,880	—	—	923,880
	$ 126,161,625	$ —	$ —	$ 126,161,625

Currency Abbreviation
USD	United States Dollar