Schedule
of
Investments
(unaudited)
April
30,
2026
iShares
®
ESG
Aware
30/70
Conservative
Allocation
ETF
1
(Percentages
shown
are
based
on
Net
Assets)
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:
Security
Shares
Value
Investment
Companies
Domestic
Equity
—
20.5%
(a)
iShares
ESG
Aware
MSCI
USA
ETF
.......
10,772
$
1,686,895
iShares
ESG
Aware
MSCI
USA
Small-Cap
ETF
3,309
169,950
1,856,845
Domestic
Fixed
Income
—
69.5%
iShares
ESG
Aware
U.S.
Aggregate
Bond
ETF
(a)
..........................
133,024
6,315,980
International
Equity
—
9.9%
(a)
iShares
ESG
Aware
MSCI
EAFE
ETF
......
5,751
581,311
iShares
ESG
Aware
MSCI
EM
ETF
........
6,293
321,824
903,135
Total
Long-Term
Investments
—
99.9%
(Cost:
$
9,240,189
)
.................................
9,075,960
Security
Shares
Value
Short-Term
Securities
Money
Market
Funds
—
0
.1
%
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.61
%
(a)
(b)
..................
11,132
$
11,132
Total
Short-Term
Securities
—
0
.1
%
(Cost:
$
11,132
)
..................................
11,132
Total
Investments
—
100
.0
%
(Cost:
$
9,251,321
)
................................
9,087,092
Liabilities
in
Excess
of
Other
Assets
—
(
0.0
)
%
.............
(
4,148
)
Net
Assets
—
100.0%
...............................
$
9,082,944
(a)
Affiliate
of
the
Fund.
(b)
Annualized
7-day
yield
as
of
period
end.
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:
Institutional,
SL
Agency
Shares
(a)
............
$
—
$
157
(b)
$
—
$
(
157
)
$
—
$
—
—
$
736
(c)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
7,995
3,137
(b)
—
—
—
11,132
11,132
305
—
iShares
ESG
Aware
MSCI
EAFE
ETF
...........
584,689
91,577
(
176,970
)
20,757
61,258
581,311
5,751
9,892
—
iShares
ESG
Aware
MSCI
EM
ETF
................
288,255
46,566
(
87,099
)
7,593
66,509
321,824
6,293
4,315
—
iShares
ESG
Aware
MSCI
USA
ETF
................
1,792,558
264,792
(
585,705
)
111,171
104,079
1,686,895
10,772
13,358
—
iShares
ESG
Aware
MSCI
USA
Small-Cap
ETF
........
165,265
27,567
(
55,422
)
4,105
28,435
169,950
3,309
1,370
—
iShares
ESG
Aware
U.S.
Aggregate
Bond
ETF
....
5,796,063
1,447,961
(
945,218
)
15,596
1,578
6,315,980
133,024
168,641
—
$
159,065
$
261,859
$
9,087,092
$
198,617
$
—
—
—
(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
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.
Schedule
of
Investments
(unaudited)
(continued)
April
30,
2026
iShares
®
ESG
Aware
30/70
Conservative
Allocation
ETF
2
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
.....................................
$
9,075,960
$
—
$
—
$
9,075,960
Short-Term
Securities
Money
Market
Funds
......................................
11,132
—
—
11,132
$
9,087,092
$
—
$
—
$
9,087,092
Portfolio
Abbreviation
EAFE
Europe,
Australasia
and
Far
East
EM
Emerging
Markets
ESG
Environmental,
Social
And
Governance
ETF
Exchange-Traded
Fund
MSCI
Morgan
Stanley
Capital
International