Schedule of Investments (unaudited)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Asset-Backed Securities
American Express Credit Account Master Trust
4.51%, 04/15/32
$100
$100,488
4.30%, 07/15/30
1,000
1,000,230
AmeriCredit Automobile Receivables Trust, 5.38%,
06/18/29
1,130
1,142,377
BA Credit Card Trust, 4.31%, 05/15/30
1,250
1,251,755
Capital One Multi-Asset Execution Trust, 3.82%,
09/15/30
500
495,008
CarMax Auto Owner Trust, 4.47%, 01/15/31
400
400,641
Citibank Credit Card Issuance Trust
6.15%, 06/15/39
100
109,263
4.49%, 06/21/32
940
943,215
Ford Credit Auto Lease Trust, 4.23%, 12/15/28
500
500,364
Ford Credit Floorplan Master Owner Trust A,
4.06%, 09/15/30
250
248,200
GM Financial Consumer Automobile
Receivables Trust
5.28%, 10/16/29
850
859,789
3.84%, 02/18/31
500
494,912
Honda Auto Receivables Owner Trust, 3.98%,
06/17/30
2,250
2,235,420
Hyundai Auto Receivables Trust
4.32%, 10/15/29
1,000
1,001,739
4.40%, 04/15/31
500
500,344
John Deere Owner Trust, 4.06%, 06/15/29
1,430
1,429,275
Mercedes-Benz Auto Lease Trust, 4.69%,
02/18/31
400
402,120
Synchrony Card Funding LLC, 4.49%, 05/15/31
300
300,618
Toyota Auto Receivables Owner Trust, 4.34%,
11/15/29
100
100,202
Verizon Master Trust, 4.17%, 08/20/30
1,200
1,199,969
Volkswagen Auto Lease Trust, 4.01%, 01/22/29
200
199,499
WF Card Issuance Trust, 4.29%, 10/15/29
1,100
1,102,592
World Omni Auto Receivables Trust, 4.34%,
09/16/30
500
500,569
Total Asset-Backed Securities — 0.3%
(Cost: $16,551,517)
16,518,589
Collateralized Mortgage Obligations
Mortgage-Backed Securities — 1.1%
Bank, 3.35%, 01/15/63(a)
200
173,288
Bank5
5.28%, 08/15/63
500
507,432
6.26%, 04/15/56(a)
1,000
1,021,573
6.50%, 12/15/56
433
447,440
BBCMS Mortgage Trust
2.04%, 09/15/54
1,000
889,935
2.69%, 11/15/54
1,000
889,776
5.02%, 09/15/58
500
503,720
5.12%, 09/15/57
500
500,525
5.25%, 02/15/59
500
508,352
5.48%, 11/15/58
400
405,300
5.72%, 02/15/62
500
522,690
5.83%, 11/15/57(a)
250
255,998
6.00%, 09/15/56(a)
2,000
2,108,264
6.17%, 12/15/55(a)
100
103,209
6.30%, 09/15/56(a)
500
520,682
Series 2018-C2, Class A5, 4.31%, 12/15/51
500
495,456
Series 2020-C7, Class A5, 2.04%, 04/15/53
296
266,870
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
BBCMS Trust, 2.27%, 07/15/54
$250
$236,471
Benchmark Mortgage Trust
1.93%, 07/15/53
500
444,270
2.52%, 11/15/54(a)
250
204,380
3.93%, 03/15/52
766
760,650
5.18%, 02/15/59
1,000
1,013,261
5.33%, 02/15/58
500
504,271
5.36%, 05/15/55
250
251,883
6.06%, 08/15/57(a)
500
514,240
6.09%, 04/15/57(a)
250
258,142
6.79%, 03/15/57
500
517,364
Series 2018-B4, Class ASB, 4.06%, 07/15/51(a)
104
104,155
Series 2018-B6, Class AAB, 4.17%, 10/10/51
108
107,871
Series 2019-B11, Class A4, 3.28%, 05/15/52
84
80,846
Series 2020-B21, Class A4, 1.70%, 12/17/53
1,200
1,077,033
Series 2020-B21, Class A5, 1.98%, 12/17/53
800
708,454
BMO Mortgage Trust
4.81%, 07/15/54(a)
483
484,014
5.58%, 05/15/58
500
512,339
5.74%, 02/15/57
1,000
1,020,775
5.88%, 09/15/57(a)
200
198,196
5.89%, 11/15/57(a)
303
308,005
6.20%, 11/15/57(a)
928
950,292
CD Mortgage Trust
3.35%, 11/10/49
142
141,746
3.91%, 11/13/50(a)
100
96,022
Citigroup Commercial Mortgage Trust
3.92%, 12/15/72(a)
200
184,167
Series 2019-C7, Class A4, 3.10%, 12/15/72
500
473,048
CSAIL Commercial Mortgage Trust
4.05%, 03/15/52
200
196,566
4.45%, 04/15/51(a)
400
384,026
Series 2016-C7, Class AS, 3.96%, 11/15/49(a)
250
247,548
Federal Home Loan Mortgage Corp. Multifamily
Structured Pass-Through Certificates
3.00%, 09/25/29
1,000
963,047
3.78%, 11/25/32(a)
2,000
1,917,292
4.40%, 06/25/35(a)
1,360
1,330,512
4.43%, 02/25/33(a)
2,400
2,382,153
4.57%, 12/25/28
400
401,321
4.65%, 08/25/28(a)
1,000
1,004,520
4.76%, 10/25/34
900
906,016
4.94%, 11/25/30(a)
500
508,899
5.40%, 01/25/29
5,000
5,113,216
5.40%, 01/25/29
1,000
1,021,843
Federal National Mortgage Association-ACES
1.32%, 05/25/30
242
218,501
1.78%, 11/25/31(a)
2,500
2,190,937
2.40%, 11/25/31
500
452,832
Series 2020-M20, Class A2, 1.44%, 10/25/29
1,000
910,691
Freddie Mac Multifamily Structured Pass Through
Certificates, 4.66%, 12/25/34(a)
500
499,641
JPMCC Commercial Mortgage Securities Trust,
3.28%, 07/15/50
203
202,254
Morgan Stanley Bank of America Merrill Lynch
Trust, 5.64%, 03/15/58
185
189,909
Morgan Stanley Capital I Trust, 2.75%, 06/15/54(a)
1,000
868,570
MSWF Commercial Mortgage Trust, 5.75%,
05/15/56
2,000
2,083,327
UBS Commercial Mortgage Trust
4.03%, 08/15/51
2,000
1,976,639
1

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
4.67%, 12/15/51(a)
$250
$242,491
Series 2018-C12, Class ASB, 4.19%, 08/15/51
158
157,081
Wells Fargo Commercial Mortgage Trust
4.15%, 03/15/51(a)
500
491,753
5.92%, 11/15/57(a)
500
516,414
6.23%, 01/15/58(a)
500
504,594
Class A4, 2.34%, 08/15/54
460
408,357
Series 2018-C46, Class AS, 4.38%, 08/15/51
250
244,009
Series 2019-C51, Class A4, 3.31%, 06/15/52
2,000
1,906,990
Series 2019-C54, Class A4, 3.15%, 12/15/52
1,000
947,759
Series 2020-C56, Class A5, 2.45%, 06/15/53
130
119,872
 
52,781,985
Total Collateralized Mortgage Obligations — 1.1%
(Cost: $53,423,013)
52,781,985
Corporate Bonds & Notes
Advertising — 0.0%
WPP2025 LLC/Delaware, 6.50%, 03/30/36
405
397,241
Aerospace & Defense — 0.2%
Honeywell Aerospace, Inc.
4.00%, 03/16/29(b)
50
49,418
4.30%, 03/16/31(b)
1,145
1,127,458
4.60%, 03/16/33(b)
1,030
1,014,328
4.95%, 03/16/36(b)
2,090
2,065,298
5.62%, 03/16/46(b)
50
49,854
5.73%, 03/16/56(b)
1,030
1,030,337
5.85%, 03/16/66(b)
300
302,074
Howmet Aerospace, Inc., 5.95%, 02/01/37
45
47,826
L3Harris Technologies, Inc.
5.50%, 08/15/54
60
57,961
6.15%, 12/15/40
35
36,952
Northrop Grumman Corp.
4.90%, 06/01/34
620
618,742
4.95%, 03/15/53
440
392,790
5.20%, 06/01/54(c)
605
561,710
RTX Corp.
1.90%, 09/01/31
45
39,264
3.13%, 07/01/50
306
203,240
4.05%, 05/04/47
302
240,558
4.15%, 05/15/45
255
209,892
4.35%, 04/15/47
342
285,040
4.45%, 11/16/38
405
375,072
4.50%, 06/01/42
525
468,832
4.63%, 11/16/48
259
223,248
4.70%, 12/15/41
137
126,192
4.80%, 12/15/43
220
198,395
4.88%, 10/15/40
205
194,633
5.40%, 05/01/35
170
175,634
5.70%, 04/15/40
200
205,140
6.00%, 03/15/31
20
21,175
6.05%, 06/01/36
100
107,434
6.13%, 07/15/38
335
360,334
6.40%, 03/15/54
85
92,869
7.50%, 09/15/29
45
49,025
 
10,930,725
Agriculture — 0.1%
Archer-Daniels-Midland Co.
2.70%, 09/15/51
230
140,324
Security
Par
(000
)
Value
Agriculture (continued)
3.25%, 03/27/30
$5
$4,779
3.75%, 09/15/47
184
140,224
4.02%, 04/16/43
63
52,046
4.50%, 08/15/33
375
371,276
4.50%, 03/15/49
95
81,307
4.54%, 03/26/42
132
118,162
5.38%, 09/15/35
60
61,775
Bunge Ltd. Finance Corp.
2.75%, 05/14/31
1,990
1,818,938
3.75%, 09/25/27
1,014
1,006,912
4.10%, 01/07/28
580
577,475
4.20%, 09/17/29
640
632,986
4.55%, 08/04/30
100
99,491
4.65%, 09/17/34
125
121,207
4.80%, 03/19/33
125
124,292
5.15%, 08/04/35
1,180
1,178,423
5.15%, 03/19/36
140
139,502
 
6,669,119
Airlines — 0.0%
Delta Air Lines, Inc., 5.25%, 07/10/30
170
171,961
Apparel — 0.0%
Tapestry, Inc.
4.13%, 07/15/27
92
91,661
5.10%, 03/11/30
25
25,260
5.50%, 03/11/35
500
504,015
 
620,936
Auto Manufacturers — 0.3%
American Honda Finance Corp.
1.80%, 01/13/31
590
515,643
2.00%, 03/24/28
330
315,768
3.50%, 02/15/28
50
49,171
4.45%, 10/22/27
145
145,042
4.60%, 04/17/30
115
114,114
4.70%, 01/12/28
30
30,106
4.85%, 10/23/31
60
59,857
4.90%, 07/09/27
100
100,579
4.90%, 01/10/34
355
349,700
5.05%, 07/10/31
10
10,058
Cummins, Inc.
1.50%, 09/01/30
1,439
1,275,659
2.60%, 09/01/50
620
373,470
4.25%, 05/09/28
50
49,997
4.70%, 02/15/31
100
100,667
4.88%, 10/01/43
630
593,652
4.90%, 02/20/29
355
359,947
5.15%, 02/20/34
1,405
1,431,243
5.30%, 05/09/35
100
102,202
5.45%, 02/20/54
3,605
3,525,221
General Motors Co.
5.00%, 04/01/35(c)
150
145,977
5.15%, 04/01/38
190
180,984
5.20%, 04/01/45
294
260,774
5.40%, 04/01/48(c)
250
224,557
5.60%, 10/15/32
40
41,211
5.95%, 04/01/49(c)
230
221,050
6.25%, 10/02/43
265
266,367
6.60%, 04/01/36
281
302,231
6.75%, 04/01/46
199
209,887
General Motors Financial Co., Inc.
2.35%, 01/08/31
305
273,393
2

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Auto Manufacturers (continued)
2.40%, 10/15/28
$50
$47,540
2.70%, 06/10/31
360
324,759
3.10%, 01/12/32
220
199,252
3.60%, 06/21/30
150
143,358
4.30%, 04/06/29
265
262,275
4.60%, 01/08/31
35
34,649
5.45%, 09/06/34
15
15,090
5.65%, 01/17/29
50
51,131
5.85%, 04/06/30
25
25,929
5.90%, 01/07/35
20
20,662
5.95%, 04/04/34
20
20,768
6.40%, 01/09/33
410
437,659
Honda Motor Co. Ltd., 2.97%, 03/10/32
265
238,707
Mercedes-Benz Finance North America LLC,
8.50%, 01/18/31
332
382,547
 
13,832,853
Auto Parts & Equipment — 0.0%
Aptiv Swiss Holdings Ltd.
3.10%, 12/01/51
714
439,818
4.15%, 05/01/52
365
271,501
4.40%, 10/01/46
79
61,764
BorgWarner, Inc.
4.38%, 03/15/45(c)
146
121,158
5.40%, 08/15/34
35
35,622
Lear Corp.
3.50%, 05/30/30
274
260,906
3.55%, 01/15/52
175
118,591
3.80%, 09/15/27
146
144,923
4.25%, 05/15/29
757
747,816
5.25%, 05/15/49
197
178,674
 
2,380,773
Banks — 5.1%
Banco Bilbao Vizcaya Argentaria SA
4.15%, 03/03/29
200
197,436
4.97%, 05/08/31
200
200,009
5.13%, 03/03/36
205
199,645
6.03%, 03/13/35, (1-year CMT + 1.95%)(a)
300
312,607
7.88%, 11/15/34, (1-year CMT + 3.30%)(a)
60
68,168
Banco Santander SA
2.75%, 12/03/30
305
275,673
2.96%, 03/25/31
455
417,036
3.23%, 11/22/32, (1-year CMT + 1.60%)(a)
260
235,060
3.31%, 06/27/29
95
91,637
3.49%, 05/28/30
20
19,039
3.80%, 02/23/28
130
128,475
4.38%, 04/12/28
600
598,158
4.55%, 11/06/30
200
196,959
5.13%, 11/06/35
200
196,066
5.54%, 03/14/30, (1-year CMT + 1.45%)(a)
70
71,351
6.03%, 01/17/35
60
62,837
6.35%, 03/14/34
405
428,808
6.61%, 11/07/28
70
73,275
6.92%, 08/08/33
480
521,464
6.94%, 11/07/33
240
269,079
Bank of America Corp.
1.90%, 07/23/31, (1-day SOFR + 1.53%)(a)
120
107,184
1.92%, 10/24/31, (1-day SOFR + 1.37%)(a)
425
376,942
2.30%, 07/21/32, (1-day SOFR + 1.22%)(a)
285
252,008
2.48%, 09/21/36, (5-year CMT + 1.20%)(a)
560
488,372
Security
Par
(000
)
Value
Banks (continued)
2.50%, 02/13/31, (3-mo. CME Term SOFR +
1.25%)(a)
$528
$488,557
2.57%, 10/20/32, (1-day SOFR + 1.21%)(a)
225
200,553
2.59%, 04/29/31, (1-day SOFR + 2.15%)(a)
374
345,632
2.68%, 06/19/41, (1-day SOFR + 1.93%)(a)
275
199,546
2.69%, 04/22/32, (1-day SOFR + 1.32%)(a)
525
476,542
2.83%, 10/24/51, (1-day SOFR + 1.88%)(a)
409
256,375
2.88%, 10/22/30, (3-mo. CME Term SOFR +
1.45%)(a)
143
135,179
2.97%, 02/04/33, (1-day SOFR + 1.33%)(a)
592
535,280
2.97%, 07/21/52, (1-day SOFR + 1.56%)(a)(c)
692
447,151
3.31%, 04/22/42, (1-day SOFR + 1.58%)(a)
310
239,709
3.85%, 03/08/37, (5-year CMT + 2.00%)(a)
450
418,982
3.95%, 01/23/49, (3-mo. CME Term SOFR +
1.45%)(a)
291
227,878
4.08%, 04/23/40, (3-mo. CME Term SOFR +
1.58%)(a)
165
144,209
4.08%, 03/20/51, (3-mo. CME Term SOFR +
3.41%)(a)
1,211
956,197
4.24%, 04/24/38, (3-mo. CME Term SOFR +
2.08%)(a)
775
708,838
4.33%, 03/15/50, (3-mo. CME Term SOFR +
1.78%)(a)
588
484,524
4.44%, 01/20/48, (3-mo. CME Term SOFR +
2.25%)(a)
705
599,866
4.57%, 04/27/33, (1-day SOFR + 1.83%)(a)
935
918,030
4.88%, 04/01/44
411
380,742
5.00%, 01/21/44
623
585,242
5.02%, 07/22/33, (1-day SOFR + 2.16%)(a)
920
924,608
5.29%, 04/25/34, (1-day SOFR + 1.91%)(a)
950
964,712
5.43%, 08/15/35, (1-day SOFR + 1.91%)(a)
80
80,380
5.47%, 01/23/35, (1-day SOFR + 1.65%)(a)
305
311,679
5.52%, 10/25/35, (1-day SOFR + 1.74%)(a)
305
307,323
5.74%, 02/12/36, (1-day SOFR + 1.70%)(a)
100
102,119
5.87%, 09/15/34, (1-day SOFR + 1.84%)(a)
395
414,082
5.88%, 02/07/42
429
443,742
6.11%, 01/29/37
580
611,805
7.75%, 05/14/38
485
579,985
Series L, 4.75%, 04/21/45(c)
55
48,422
Series N, 2.65%, 03/11/32, (1-day SOFR +
1.22%)(a)
360
326,700
Series N, 3.48%, 03/13/52, (1-day SOFR +
1.65%)(a)
580
411,743
Bank of Montreal
3.09%, 01/10/37, (5-year CMT + 1.40%)(a)
70
62,567
3.80%, 12/15/32, (5-year USD Swap +
1.43%)(a)
1,135
1,117,260
4.35%, 09/22/31, (1-day SOFR Index +
1.08%)(a)
75
73,982
5.00%, 01/27/29, (1-day SOFR Index +
0.67%)(a)
160
161,410
5.51%, 06/04/31
75
77,687
Series H, 4.70%, 09/14/27
205
205,964
Series J, 4.44%, 01/14/32, (1-day SOFR +
0.97%)(a)
50
49,222
Bank of New York Mellon Corp.(The)
2.50%, 01/26/32
210
189,146
3.00%, 10/30/28
554
535,993
3.30%, 08/23/29
720
693,418
3.40%, 01/29/28
445
440,220
3.85%, 04/28/28
700
696,781
3

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
3.85%, 04/26/29
$120
$118,508
3.99%, 06/13/28, (1-day SOFR + 1.15%)(a)
80
79,807
4.29%, 06/13/33, (1-day SOFR + 1.42%)(a)
235
228,352
4.44%, 06/09/28, (1-day SOFR + 0.68%)(a)
55
55,117
4.54%, 02/01/29, (1-day SOFR + 1.17%)(a)
85
85,239
4.54%, 04/23/32, (1-day SOFR + 0.90%)(a)
250
248,262
4.71%, 02/01/34, (1-day SOFR + 1.51%)(a)
240
237,248
4.97%, 04/26/34, (1-day SOFR + 1.61%)(a)
120
120,185
5.06%, 07/22/32, (1-day SOFR + 1.23%)(a)
150
152,357
5.09%, 04/23/37, (1-day SOFR + 1.18%)(a)
220
218,716
5.19%, 03/14/35, (1-day SOFR + 1.42%)(a)
250
253,541
5.23%, 11/20/35, (1-day SOFR + 1.25%)(a)
200
202,903
5.32%, 06/06/36, (1-day SOFR + 1.35%)(a)
125
126,843
5.61%, 07/21/39, (1-day SOFR + 1.77%)(a)
90
92,334
5.83%, 10/25/33, (1-day SOFR Index +
2.07%)(a)
80
84,370
6.47%, 10/25/34, (1-day SOFR + 1.85%)(a)
285
311,491
Series J, 1.90%, 01/25/29
150
140,896
Bank of Nova Scotia(The)
2.15%, 08/01/31
1,570
1,390,003
2.45%, 02/02/32
370
327,817
4.04%, 09/15/28, (1-day SOFR + 0.76%)(a)
150
149,324
4.25%, 02/02/30, (1-day SOFR + 0.73%)(a)
275
272,256
4.34%, 09/15/31, (1-day SOFR + 1.09%)(a)
150
147,462
4.40%, 09/08/28, (1-day SOFR + 1.00%)(a)
630
629,913
4.58%, 06/05/29, (1-day SOFR + 0.66%)(a)
275
275,231
4.59%, 05/04/37, (5-year CMT + 2.05%)(a)
7,545
7,256,138
4.74%, 11/10/32, (1-day SOFR + 1.44%)(a)
210
209,459
4.81%, 02/02/34, (1-day SOFR + 1.05%)(a)
275
271,354
4.85%, 02/01/30
495
499,587
4.90%, 06/05/32, (1-day SOFR + 0.97%)(a)
275
275,274
4.93%, 02/14/29, (1-day SOFR + 0.89%)(a)
475
478,876
5.13%, 02/14/31, (1-day SOFR + 1.07%)(a)
550
558,352
5.25%, 06/12/28
205
208,777
5.40%, 06/04/27
1,430
1,447,270
5.45%, 08/01/29
780
801,483
5.65%, 02/01/34
515
537,459
Barclays PLC
2.65%, 06/24/31, (1-year CMT + 1.90%)(a)
190
174,288
2.67%, 03/10/32, (1-year CMT + 1.20%)(a)
415
374,035
2.89%, 11/24/32, (1-year CMT + 1.30%)(a)
860
769,448
3.56%, 09/23/35, (5-year CMT + 2.90%)(a)
290
271,911
3.81%, 03/10/42, (1-year CMT + 1.70%)(a)
50
39,427
4.22%, 05/24/30, (1-day SOFR + 0.93%)(a)
400
393,984
4.34%, 01/10/28
295
294,434
4.52%, 02/24/32, (1-day SOFR + 1.14%)(a)
400
392,015
4.84%, 05/09/28
565
565,917
4.95%, 01/10/47
530
472,767
4.97%, 05/16/29, (3-mo. SOFR US + 2.16%)(a)
490
492,650
5.09%, 02/25/29, (1-day SOFR + 0.96%)(a)
405
408,212
5.09%, 06/20/30, (3-mo. SOFR US + 3.32%)(a)
490
491,303
5.21%, 02/24/37, (1-day SOFR + 1.51%)(a)
410
398,761
5.25%, 08/17/45
325
304,562
5.34%, 09/10/35, (1-day SOFR + 1.91%)(a)
310
308,153
5.50%, 08/09/28, (1-year CMT + 2.65%)(a)
395
399,002
5.69%, 03/12/30, (1-day SOFR + 1.74%)(a)
335
343,061
5.75%, 08/09/33, (1-year CMT + 3.00%)(a)
85
87,491
5.79%, 02/25/36, (1-day SOFR + 1.59%)(a)
545
556,182
6.04%, 03/12/55, (1-day SOFR + 2.42%)(a)
235
243,330
6.22%, 05/09/34, (1-day SOFR + 2.98%)(a)
400
421,711
6.69%, 09/13/34, (1-day SOFR + 2.62%)(a)
245
264,931
Security
Par
(000
)
Value
Banks (continued)
7.12%, 06/27/34, (1-day SOFR + 3.57%)(a)
$300
$328,346
7.44%, 11/02/33, (1-year CMT + 3.50%)(a)
240
268,446
Canadian Imperial Bank of Commerce
3.60%, 04/07/32
445
418,473
4.28%, 01/29/30, (1-day SOFR Index +
0.79%)(a)
300
297,303
4.58%, 09/08/31, (1-day SOFR Index +
1.17%)(a)
215
213,262
4.63%, 09/11/30, (1-day SOFR + 1.34%)(a)
1,125
1,124,143
4.86%, 03/30/29, (1-day SOFR + 1.03%)(a)
1,150
1,157,640
5.00%, 04/28/28
490
495,583
5.24%, 06/28/27
155
156,686
5.25%, 01/13/31, (1-day SOFR + 1.11%)(a)
1,070
1,090,454
5.26%, 04/08/29
165
168,229
5.99%, 10/03/28
200
206,477
6.09%, 10/03/33
745
795,651
Capital One NA
2.70%, 02/06/30
270
252,644
4.65%, 09/13/28
490
491,306
Citigroup, Inc.
2.56%, 05/01/32, (1-day SOFR + 1.17%)(a)
365
328,379
2.57%, 06/03/31, (1-day SOFR + 2.11%)(a)
370
340,342
2.67%, 01/29/31, (1-day SOFR + 1.15%)(a)
5
4,653
2.98%, 11/05/30, (1-day SOFR + 1.42%)(a)
30
28,372
3.06%, 01/25/33, (1-day SOFR + 1.35%)(a)
345
312,852
3.52%, 10/27/28, (3-mo. CME Term SOFR +
1.41%)(a)
180
177,886
3.67%, 07/24/28, (3-mo. CME Term SOFR +
1.65%)(a)
165
163,643
3.79%, 03/17/33, (1-day SOFR + 1.94%)(a)
707
666,390
3.88%, 01/24/39, (3-mo. CME Term SOFR +
1.43%)(a)
610
529,694
3.98%, 03/20/30, (3-mo. CME Term SOFR +
1.60%)(a)
230
225,909
4.08%, 04/23/29, (3-mo. CME Term SOFR +
1.45%)(a)
196
194,516
4.13%, 07/25/28
361
357,649
4.41%, 03/31/31, (1-day SOFR + 3.91%)(a)
390
385,540
4.45%, 09/29/27
687
686,607
4.65%, 07/30/45
454
400,747
4.75%, 05/18/46
170
144,837
4.91%, 05/24/33, (1-day SOFR + 2.09%)(a)
335
333,528
5.17%, 02/13/30, (1-day SOFR + 1.36%)(a)
70
70,993
5.30%, 05/06/44
236
221,800
5.32%, 03/26/41, (1-day SOFR + 4.55%)(a)
395
387,926
5.41%, 09/19/39, (5-year CMT + 1.73%)(a)
60
59,300
5.45%, 06/11/35, (1-day SOFR + 1.45%)(a)
480
488,740
5.83%, 02/13/35, (1-day SOFR + 2.06%)(a)
480
489,606
5.88%, 02/22/33
276
287,685
5.88%, 01/30/42
600
617,200
6.00%, 10/31/33
217
226,743
6.02%, 01/24/36, (1-day SOFR + 1.83%)(a)
190
195,670
6.13%, 08/25/36
95
99,085
6.17%, 05/25/34, (1-day SOFR + 2.66%)(a)
570
595,724
6.27%, 11/17/33, (1-day SOFR + 2.34%)(a)
300
320,412
6.63%, 01/15/28
485
503,805
6.63%, 06/15/32
512
556,482
6.68%, 09/13/43
196
212,734
8.13%, 07/15/39
654
817,962
Citizens Financial Group, Inc.
2.50%, 02/06/30
110
101,331
4

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
3.25%, 04/30/30
$160
$151,430
5.64%, 05/21/37, (5-year CMT + 2.75%)(a)
205
205,595
6.65%, 04/25/35, (1-day SOFR + 2.33%)(a)
50
53,877
Commonwealth Bank of Australia, 4.15%,
10/01/30
6,025
5,949,474
Commonwealth Bank of Australia/New York
4.42%, 03/14/28
20
20,070
Series C, 4.36%, 03/27/29
4,115
4,120,102
Cooperatieve Rabobank UA
5.25%, 05/24/41
171
168,293
5.25%, 08/04/45
197
182,440
5.75%, 12/01/43
10
9,849
Deutsche Bank AG/New York
3.04%, 05/28/32, (1-day SOFR + 1.72%)(a)
580
527,359
3.55%, 09/18/31, (1-day SOFR + 3.04%)(a)
700
659,622
3.73%, 01/14/32, (1-day SOFR + 2.76%)(a)
30
28,012
3.74%, 01/07/33, (1-day SOFR + 2.26%)(a)
50
45,749
4.73%, 02/06/32, (1-day SOFR + 1.14%)(a)
190
187,020
4.88%, 12/01/32, (5-year USD ICE Swap +
2.55%)(a)
90
89,696
4.95%, 08/04/31, (1-day SOFR + 1.30%)(a)
215
214,479
5.00%, 09/11/30, (1-day SOFR + 1.70%)(a)
375
376,763
5.06%, 04/14/32, (1-day SOFR + 1.41%)(a)
220
219,602
5.30%, 05/09/31, (1-day SOFR + 1.72%)(a)
150
151,374
5.37%, 01/10/29, (1-day SOFR + 1.21%)(a)
150
151,707
5.40%, 09/11/35, (1-day SOFR + 2.05%)(a)
515
515,262
5.88%, 07/08/31, (1-day SOFR + 5.44%)(a)
5
5,097
6.72%, 01/18/29, (1-day SOFR + 3.18%)(a)
275
283,999
6.82%, 11/20/29, (1-day SOFR + 2.51%)(a)
385
403,318
7.08%, 02/10/34, (1-day SOFR + 3.65%)(a)
200
214,532
Fifth Third Bancorp
4.34%, 04/25/33, (1-day SOFR + 1.66%)(a)
90
86,762
8.25%, 03/01/38
201
243,540
Fifth Third Financial Corp., 4.00%, 02/01/29
364
358,679
Goldman Sachs Capital I, 6.35%, 02/15/34
135
141,271
Goldman Sachs Group, Inc.(The)
1.99%, 01/27/32, (1-day SOFR + 1.09%)(a)
425
373,941
2.38%, 07/21/32, (1-day SOFR + 1.25%)(a)
695
614,691
2.60%, 02/07/30
10
9,322
2.62%, 04/22/32, (1-day SOFR + 1.28%)(a)
432
389,039
2.65%, 10/21/32, (1-day SOFR + 1.26%)(a)
230
204,633
2.91%, 07/21/42, (1-day SOFR + 1.47%)(a)
150
108,191
3.10%, 02/24/33, (1-day SOFR + 1.41%)(a)
720
652,653
3.21%, 04/22/42, (1-day SOFR + 1.51%)(a)
282
212,461
3.44%, 02/24/43, (1-day SOFR + 1.63%)(a)
60
45,832
3.69%, 06/05/28, (3-mo. CME Term SOFR +
1.77%)(a)
332
329,735
3.81%, 04/23/29, (3-mo. CME Term SOFR +
1.42%)(a)
637
628,090
4.02%, 10/31/38, (3-mo. CME Term SOFR +
1.63%)(a)
765
671,076
4.22%, 05/01/29, (3-mo. CME Term SOFR +
1.56%)(a)
750
744,484
4.41%, 04/23/39, (3-mo. CME Term SOFR +
1.69%)(a)
554
499,709
4.52%, 01/21/32, (1-day SOFR + 0.96%)(a)
1,850
1,821,404
4.69%, 10/23/30, (1-day SOFR + 1.14%)(a)
130
129,797
4.75%, 10/21/45
696
614,258
4.80%, 07/08/44
595
532,942
4.94%, 10/21/36, (1-day SOFR + 1.33%)(a)
705
684,506
4.97%, 06/03/32, (1-day SOFR + 1.03%)(a)
1,000
1,002,210
Security
Par
(000
)
Value
Banks (continued)
5.02%, 10/23/35, (1-day SOFR + 1.42%)(a)
$440
$433,573
5.05%, 07/23/30, (1-day SOFR + 1.21%)(a)
370
373,361
5.07%, 01/21/37, (1-day SOFR + 1.19%)(a)
250
244,527
5.21%, 01/28/31, (1-day SOFR + 1.08%)(a)
295
299,020
5.33%, 07/23/35, (1-day SOFR + 1.55%)(a)
725
729,048
5.39%, 02/02/41, (5-year CMT + 1.18%)(a)
785
765,248
5.43%, 06/03/37, (1-day SOFR + 1.31%)(a)
640
643,416
5.54%, 01/28/36, (1-day SOFR + 1.38%)(a)
365
371,229
5.54%, 01/21/47, (1-day SOFR + 1.32%)(a)
850
820,110
5.73%, 04/25/30, (1-day SOFR + 1.27%)(a)
110
112,989
5.73%, 01/28/56, (1-day SOFR + 1.70%)(a)
260
256,414
5.85%, 04/25/35, (1-day SOFR + 1.55%)(a)
215
223,701
6.13%, 02/15/33
810
870,435
6.25%, 02/01/41
545
579,187
6.45%, 05/01/36
249
265,576
6.56%, 10/24/34, (1-day SOFR + 1.95%)(a)
220
238,883
6.75%, 10/01/37
731
799,430
HSBC Bank USA N.A
5.63%, 08/15/35
20
20,584
5.88%, 11/01/34
370
386,029
7.00%, 01/15/39
655
736,951
HSBC Holdings PLC
2.21%, 08/17/29, (1-day SOFR + 1.29%)(a)
505
479,711
2.36%, 08/18/31, (1-day SOFR + 1.95%)(a)
220
198,837
2.80%, 05/24/32, (1-day SOFR + 1.19%)(a)
850
768,560
2.85%, 06/04/31, (1-day SOFR + 2.39%)(a)
435
402,717
2.87%, 11/22/32, (1-day SOFR + 1.41%)(a)
135
121,271
3.97%, 05/22/30, (3-mo. CME Term SOFR +
1.87%)(a)
1,095
1,072,969
4.58%, 06/19/29, (3-mo. CME Term SOFR +
1.80%)(a)
700
699,211
4.62%, 11/06/31, (1-day SOFR + 1.19%)(a)
200
197,617
4.68%, 03/10/32, (1-day SOFR + 1.21%)(a)
200
197,486
4.71%, 05/12/30, (1-day SOFR + 0.94%)(a)
400
399,057
4.76%, 06/09/28, (1-day SOFR + 2.11%)(a)
475
476,294
4.76%, 03/29/33, (1-day SOFR + 2.53%)(a)
35
34,164
4.90%, 03/03/29, (1-day SOFR + 1.03%)(a)
205
206,064
4.95%, 03/31/30
790
798,724
5.13%, 11/06/36, (1-day SOFR + 1.43%)(a)
210
206,624
5.21%, 05/12/34, (1-day SOFR + 1.32%)(a)
400
399,185
5.28%, 03/10/37, (1-day SOFR + 1.55%)(a)
1,070
1,057,459
5.29%, 11/19/30, (1-day SOFR + 1.29%)(a)
200
202,905
5.40%, 08/11/33, (1-day SOFR + 2.87%)(a)
55
55,806
5.45%, 03/03/36, (1-day SOFR + 1.56%)(a)
495
499,292
5.72%, 03/04/35, (1-day SOFR + 1.78%)(a)
365
375,600
5.73%, 05/17/32, (1-day SOFR + 1.52%)(a)
60
61,911
5.74%, 09/10/36, (1-day SOFR + 1.96%)(a)
200
201,582
5.79%, 05/13/36, (1-day SOFR + 1.88%)(a)
200
206,490
5.87%, 11/18/35, (1-day SOFR + 1.90%)(a)
25
25,562
6.10%, 01/14/42
600
636,544
6.25%, 03/09/34, (1-day SOFR + 2.39%)(a)
375
399,195
6.33%, 03/09/44, (1-day SOFR + 2.65%)(a)
210
224,597
6.50%, 05/02/36
235
249,555
6.50%, 09/15/37
410
440,580
6.55%, 06/20/34, (1-day SOFR + 2.98%)(a)
415
441,206
6.80%, 06/01/38
80
87,034
7.39%, 11/03/28, (1-day SOFR + 3.35%)(a)
200
207,660
7.40%, 11/13/34, (1-day SOFR + 3.02%)(a)
300
334,002
8.11%, 11/03/33, (1-day SOFR + 4.25%)(a)
200
230,105
Huntington Bancshares, Inc./Ohio
2.49%, 08/15/36, (5-year CMT + 1.17%)(a)
145
124,881
5

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
2.55%, 02/04/30
$579
$536,232
4.44%, 08/04/28, (1-day SOFR + 1.97%)(a)
65
64,949
5.02%, 05/17/33, (1-day SOFR + 2.05%)(a)
212
210,800
5.27%, 01/15/31, (1-day SOFR + 1.28%)(a)
25
25,353
5.71%, 02/02/35, (1-day SOFR Index +
1.87%)(a)
65
66,589
ING Groep NV
2.73%, 04/01/32, (1-day SOFR + 1.32%)(a)
505
458,722
4.05%, 04/09/29
270
266,934
4.25%, 03/28/33, (1-day SOFR + 2.07%)(a)
260
251,681
4.55%, 10/02/28
420
421,039
4.86%, 03/25/29, (1-day SOFR + 1.01%)(a)
200
201,224
5.07%, 03/25/31, (1-day SOFR Index +
1.23%)(a)
375
378,699
5.34%, 03/19/30, (1-day SOFR + 1.44%)(a)
1,030
1,048,839
5.42%, 03/23/37, (1-day SOFR Index +
1.61%)(a)
520
521,009
5.53%, 03/25/36, (1-day SOFR + 1.61%)(a)
1,135
1,153,084
5.55%, 03/19/35, (1-day SOFR + 1.77%)(a)
1,510
1,539,963
6.11%, 09/11/34, (1-day SOFR + 2.09%)(a)
130
138,128
Series VAR, 4.80%, 03/23/32, (1-day SOFR
Index + 1.26%)(a)
400
398,106
JPMorgan Chase & Co.
1.76%, 11/19/31, (3-mo. CME Term SOFR +
1.11%)(a)
180
158,668
1.95%, 02/04/32, (1-day SOFR + 1.07%)(a)
245
215,990
2.52%, 04/22/31, (1-day SOFR + 2.04%)(a)
265
244,644
2.55%, 11/08/32, (1-day SOFR + 1.18%)(a)
290
258,587
2.58%, 04/22/32, (3-mo. CME Term SOFR +
1.25%)(a)
292
263,776
2.74%, 10/15/30, (3-mo. CME Term SOFR +
1.51%)(a)
346
325,748
2.96%, 05/13/31, (3-mo. CME Term SOFR +
2.52%)(a)
75
70,147
2.96%, 01/25/33, (1-day SOFR + 1.26%)(a)
630
571,396
3.11%, 04/22/41, (3-mo. CME Term SOFR +
2.46%)(a)
263
203,496
3.11%, 04/22/51, (1-day SOFR + 2.44%)(a)
813
542,612
3.33%, 04/22/52, (1-day SOFR + 1.58%)(a)
735
508,068
3.51%, 01/23/29, (3-mo. CME Term SOFR +
1.21%)(a)
557
548,382
3.63%, 12/01/27
90
89,070
3.70%, 05/06/30, (3-mo. CME Term SOFR +
1.42%)(a)
350
341,509
3.88%, 07/24/38, (3-mo. CME Term SOFR +
1.62%)(a)
593
523,986
3.90%, 01/23/49, (3-mo. CME Term SOFR +
1.48%)(a)
531
414,955
3.96%, 11/15/48, (3-mo. CME Term SOFR +
1.64%)(a)
641
508,057
4.01%, 04/23/29, (3-mo. CME Term SOFR +
1.38%)(a)
20
19,818
4.03%, 07/24/48, (3-mo. CME Term SOFR +
1.72%)(a)
445
355,222
4.20%, 07/23/29, (3-mo. CME Term SOFR +
1.52%)(a)
550
546,046
4.25%, 10/01/27
290
290,244
4.26%, 02/22/48, (3-mo. CME Term SOFR +
1.84%)(a)
604
501,226
4.45%, 12/05/29, (3-mo. CME Term SOFR +
1.59%)(a)
860
856,907
Security
Par
(000
)
Value
Banks (continued)
4.49%, 03/24/31, (3-mo. CME Term SOFR +
3.79%)(a)
$312
$310,385
4.59%, 04/26/33, (1-day SOFR + 1.80%)(a)
642
632,321
4.85%, 02/01/44
506
466,125
4.91%, 07/25/33, (1-day SOFR + 2.08%)(a)
1,160
1,161,453
4.95%, 10/22/35, (1-day SOFR + 1.34%)(a)
540
533,053
4.95%, 06/01/45
247
227,013
5.29%, 07/22/35, (1-day SOFR + 1.46%)(a)
610
615,883
5.34%, 01/23/35, (1-day SOFR + 1.62%)(a)
335
339,704
5.35%, 06/01/34, (1-day SOFR + 1.85%)(a)
670
683,363
5.40%, 01/06/42
555
550,671
5.50%, 01/24/36, (1-day SOFR + 1.32%)(a)
615
629,270
5.50%, 10/15/40
465
474,797
5.57%, 04/22/36, (1-day SOFR + 1.68%)(a)
350
360,075
5.60%, 07/15/41
525
534,214
5.63%, 08/16/43
45
45,194
5.72%, 09/14/33, (1-day SOFR + 2.58%)(a)
550
568,443
5.77%, 04/22/35, (1-day SOFR + 1.49%)(a)
480
499,332
6.25%, 10/23/34, (1-day SOFR + 1.81%)(a)
575
617,106
6.40%, 05/15/38
740
817,526
8.75%, 09/01/30
890
1,025,708
Kreditanstalt fuer Wiederaufbau
0.00%, 04/18/36(d)
1,113
718,386
0.00%, 06/29/37(d)
825
500,243
0.75%, 09/30/30
1,420
1,232,247
1.75%, 09/14/29
1,166
1,083,380
2.88%, 04/03/28
2,787
2,731,295
3.75%, 02/15/28
1,995
1,986,857
3.75%, 07/15/30
120
118,365
4.63%, 03/18/30
255
259,587
Lloyds Banking Group PLC
3.37%, 12/14/46, (5-year CMT + 1.50%)(a)
65
47,797
3.57%, 11/07/28, (3-mo. SOFR US + 1.47%)(a)
300
296,338
4.24%, 02/10/30, (1-year CMT + 0.60%)(a)
200
197,762
4.34%, 01/09/48
400
325,730
4.38%, 03/22/28
360
359,671
4.43%, 11/04/31, (1-year CMT + 0.82%)(a)
385
378,722
4.55%, 08/16/28
880
881,420
4.82%, 06/13/29, (1-year CMT + 0.83%)(a)
200
201,130
4.94%, 11/04/36, (1-year CMT + 0.97%)(a)
215
208,327
4.98%, 08/11/33, (1-year CMT + 2.30%)(a)
135
134,438
5.30%, 12/01/45
160
148,867
5.59%, 11/26/35, (1-year CMT + 1.20%)(a)
345
352,005
5.67%, 02/10/47, (1-year CMT + 0.82%)(a)
205
201,195
5.68%, 01/05/35, (1-year CMT + 1.75%)(a)
430
442,246
5.72%, 06/05/30, (1-year CMT + 1.07%)(a)
200
205,680
5.87%, 03/06/29, (1-year CMT + 1.70%)(a)
305
311,897
6.07%, 06/13/36, (1-year CMT + 1.60%)(a)
275
282,967
7.95%, 11/15/33, (1-year CMT + 3.75%)(a)
455
517,400
Mitsubishi UFJ Financial Group, Inc.
2.31%, 07/20/32, (1-year CMT + 0.95%)(a)
245
216,521
2.49%, 10/13/32, (1-year CMT + 0.97%)(a)
295
261,356
2.56%, 02/25/30
10
9,274
2.85%, 01/19/33, (1-year CMT + 1.10%)(a)
435
390,051
3.20%, 07/18/29
320
306,853
3.29%, 07/25/27
340
336,221
3.74%, 03/07/29
220
216,512
3.75%, 07/18/39
410
348,829
3.96%, 03/02/28
15
14,912
4.05%, 09/11/28
140
138,870
4.15%, 03/07/39
254
229,880
6

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
4.29%, 07/26/38(c)
$250
$232,804
4.32%, 04/19/33, (1-year CMT + 1.55%)(a)
45
43,472
5.13%, 07/20/33, (1-year CMT + 2.13%)(a)
155
156,226
5.24%, 04/19/29, (1-year CMT + 1.70%)(a)
205
207,517
5.41%, 04/19/34, (1-year CMT + 1.97%)(a)
125
127,955
5.42%, 02/22/29, (1-year CMT + 1.38%)(a)
360
365,251
5.44%, 02/22/34, (1-year CMT + 1.63%)(a)
130
133,094
5.47%, 09/13/33, (1-year CMT + 2.13%)(a)
25
25,625
Mizuho Financial Group, Inc.
1.98%, 09/08/31, (3-mo. CME Term SOFR +
1.53%)(a)
110
98,056
2.17%, 05/22/32, (1-year CMT + 0.87%)(a)
285
251,264
2.20%, 07/10/31, (3-mo. CME Term SOFR +
1.77%)(a)
45
40,633
2.26%, 07/09/32, (1-year CMT + 0.90%)(a)
275
242,074
2.56%, 09/13/31
255
226,042
2.59%, 05/25/31, (3-mo. CME Term SOFR +
1.33%)(a)
212
195,094
2.87%, 09/13/30, (3-mo. CME Term SOFR +
1.57%)(a)
150
141,644
3.15%, 07/16/30, (3-mo. CME Term SOFR +
1.39%)(a)
257
245,581
3.17%, 09/11/27
185
182,360
3.26%, 05/22/30, (1-year CMT + 1.25%)(a)
50
48,109
4.02%, 03/05/28
260
258,435
4.25%, 09/11/29, (3-mo. CME Term SOFR +
1.53%)(a)
509
505,811
4.44%, 05/12/32, (1-year CMT + 0.70%)(a)
200
196,123
5.05%, 05/12/37, (1-year CMT + 0.85%)(a)
235
231,355
5.32%, 07/08/36, (1-year CMT + 1.07%)(a)
425
426,981
5.38%, 07/10/30, (1-year CMT + 1.08%)(a)
200
203,941
5.42%, 05/13/36, (1-year CMT + 0.98%)(a)
75
75,867
5.58%, 05/26/35, (1-year CMT + 1.30%)(a)
220
225,992
5.59%, 07/10/35, (1-year CMT + 1.30%)(a)
225
231,099
5.67%, 05/27/29, (1-year CMT + 1.50%)(a)
115
117,548
5.67%, 09/13/33, (1-year CMT + 2.40%)(a)
200
207,357
5.75%, 05/27/34, (1-year CMT + 1.80%)(a)
195
202,714
5.75%, 07/06/34, (1-year CMT + 1.90%)(a)
240
249,581
5.78%, 07/06/29, (1-year CMT + 1.65%)(a)
340
348,581
Morgan Stanley
1.79%, 02/13/32, (1-day SOFR + 1.03%)(a)
595
518,008
1.93%, 04/28/32, (1-day SOFR + 1.02%)(a)
260
226,480
2.24%, 07/21/32, (1-day SOFR + 1.18%)(a)
585
514,246
2.48%, 09/16/36, (1-day SOFR + 1.36%)(a)
120
104,353
2.51%, 10/20/32, (1-day SOFR + 1.20%)(a)
575
509,396
2.70%, 01/22/31, (1-day SOFR + 1.14%)(a)
292
271,851
2.80%, 01/25/52, (1-day SOFR + 1.43%)(a)
475
296,128
2.94%, 01/21/33, (1-day SOFR + 1.29%)(a)
375
337,913
3.22%, 04/22/42, (1-day SOFR + 1.49%)(a)
20
15,265
3.59%, 07/22/28(a)
807
799,037
3.62%, 04/01/31, (1-day SOFR + 3.12%)(a)
424
407,080
3.77%, 01/24/29, (3-mo. CME Term SOFR +
1.40%)(a)
765
755,744
3.97%, 07/22/38(a)
905
795,875
4.30%, 01/27/45
845
713,898
4.38%, 01/22/47
667
559,369
4.43%, 01/23/30, (3-mo. CME Term SOFR +
1.89%)(a)
307
305,170
4.46%, 04/22/39, (3-mo. CME Term SOFR +
1.69%)(a)
750
693,008
4.49%, 01/16/32, (1-day SOFR + 0.95%)(a)
200
196,835
Security
Par
(000
)
Value
Banks (continued)
4.65%, 10/18/30, (1-day SOFR + 1.10%)(a)
$470
$468,086
4.71%, 03/12/32, (1-day SOFR + 1.20%)(a)
275
272,490
4.81%, 04/16/32, (1-day SOFR Index +
1.18%)(a)
180
179,192
4.89%, 07/20/33, (1-day SOFR + 2.08%)(a)
45
44,843
4.99%, 04/12/29, (1-day SOFR + 1.38%)(a)
30
30,230
5.04%, 07/19/30, (1-day SOFR + 1.22%)(a)
140
141,239
5.07%, 01/30/37, (1-day SOFR + 1.18%)(a)
270
264,661
5.12%, 02/01/29, (1-day SOFR + 1.73%)(a)
180
181,650
5.16%, 04/20/29, (1-day SOFR + 1.59%)(a)
395
399,089
5.19%, 04/17/31, (1-day SOFR + 1.51%)(a)
250
253,655
5.23%, 01/15/31, (1-day SOFR + 1.11%)(a)
230
233,417
5.25%, 04/21/34, (1-day SOFR + 1.87%)(a)
370
373,803
5.30%, 04/10/37, (1-day SOFR Index +
1.41%)(a)
90
89,758
5.30%, 04/20/37, (1-day SOFR + 2.62%)(a)
560
560,610
5.31%, 01/18/41, (5-year CMT + 1.17%)(a)
80
78,080
5.32%, 07/19/35, (1-day SOFR + 1.56%)(a)
290
292,582
5.42%, 07/21/34, (1-day SOFR + 1.88%)(a)
395
402,648
5.45%, 07/20/29, (1-day SOFR + 1.63%)(a)
190
193,239
5.47%, 01/18/35, (1-day SOFR + 1.73%)(a)
310
315,804
5.52%, 11/19/55, (1-day SOFR + 1.71%)(a)
300
290,549
5.59%, 01/18/36, (1-day SOFR + 1.42%)(a)
270
276,800
5.60%, 03/24/51, (1-day SOFR + 4.84%)(a)
468
459,617
5.66%, 04/18/30, (1-day SOFR + 1.26%)(a)
75
76,894
5.66%, 04/17/36, (1-day SOFR + 1.76%)(a)
125
128,732
5.83%, 04/19/35, (1-day SOFR + 1.58%)(a)
755
786,792
5.90%, 03/13/47, (1-day SOFR + 1.78%)(a)
575
583,072
5.94%, 02/07/39, (5-year CMT + 1.80%)(a)
455
470,127
5.95%, 01/19/38, (5-year CMT + 2.43%)(a)
445
460,814
6.30%, 10/18/28, (1-day SOFR + 2.24%)(a)
440
451,076
6.34%, 10/18/33, (1-day SOFR + 2.56%)(a)
330
353,430
6.38%, 07/24/42
631
687,444
6.63%, 11/01/34, (1-day SOFR + 2.05%)(a)
150
163,775
7.25%, 04/01/32
855
965,256
Series I, 4.36%, 10/22/31, (1-day SOFR +
1.07%)(a)
205
201,015
Series I, 4.89%, 10/22/36, (1-day SOFR +
1.31%)(a)
180
174,574
Morgan Stanley Bank N.A.
4.79%, 05/10/30, (1-day SOFR Index +
0.97%)(a)
250
250,741
5.02%, 01/12/29, (1-day SOFR + 0.91%)(a)
250
251,856
National Bank of Canada
4.17%, 01/20/29, (1-day SOFR Index +
0.76%)(a)
360
358,451
4.50%, 10/10/29
4,305
4,289,435
5.60%, 12/18/28
4,195
4,311,226
NatWest Group PLC
3.03%, 11/28/35, (5-year CMT + 2.35%)(a)
470
430,536
4.45%, 05/08/30, (3-mo. SOFR US + 2.13%)(a)
784
778,834
4.89%, 05/18/29, (3-mo. SOFR US + 2.01%)(a)
790
794,541
5.08%, 01/27/30, (3-mo. SOFR US + 2.17%)(a)
980
988,540
5.78%, 03/01/35, (1-year CMT + 1.50%)(a)
260
269,230
5.81%, 09/13/29, (1-year CMT + 1.95%)(a)
205
210,200
5.91%, 03/03/47, (1-year CMT + 1.30%)(a)
200
195,566
6.48%, 06/01/34, (5-year CMT + 2.20%)(a)
225
233,052
Northern Trust Corp.
3.15%, 05/03/29
1,196
1,160,741
3.38%, 05/08/32, (3-mo. SOFR US + 1.39%)(a)
125
123,410
6.13%, 11/02/32
50
53,572
7

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
PNC Bank N.A.
3.10%, 10/25/27
$360
$354,485
3.25%, 01/22/28
350
344,866
PNC Financial Services Group, Inc.(The)
2.31%, 04/23/32, (1-day SOFR + 0.98%)(a)
110
98,204
2.55%, 01/22/30
355
331,057
3.45%, 04/23/29
718
699,962
4.62%, 10/26/29, (1-day SOFR + 0.68%)(a)
2,670
2,671,894
4.63%, 06/06/33, (1-day SOFR Index +
1.85%)(a)
80
77,713
5.07%, 01/24/34, (1-day SOFR + 1.93%)(a)
305
305,959
5.35%, 12/02/28, (1-day SOFR + 1.62%)(a)
15
15,210
5.40%, 07/23/35, (1-day SOFR + 1.60%)(a)
425
431,199
5.42%, 01/25/41, (5-year CMT + 1.17%)(a)
235
230,556
5.58%, 06/12/29, (1-day SOFR + 1.84%)(a)
451
461,011
5.58%, 01/29/36, (1-day SOFR + 1.39%)(a)
165
168,975
5.68%, 01/22/35, (1-day SOFR + 1.90%)(a)
265
273,447
5.94%, 08/18/34, (1-day SOFR + 1.95%)(a)
375
394,267
6.04%, 10/28/33, (1-day SOFR Index +
2.14%)(a)
200
210,801
6.88%, 10/20/34, (1-day SOFR + 2.28%)(a)
435
480,581
Regions Bank/Birmingham AL, 6.45%, 06/26/37
268
282,397
Regions Financial Corp.
1.80%, 08/12/28
165
155,504
7.38%, 12/10/37
278
314,995
Royal Bank of Canada
2.30%, 11/03/31
25
22,337
3.88%, 05/04/32
275
263,853
4.24%, 08/03/27
575
575,444
4.31%, 11/03/31, (1-day SOFR + 0.98%)(a)
285
280,074
4.40%, 04/17/30, (1-day SOFR + 0.84%)(a)
425
422,473
4.52%, 10/18/28, (1-day SOFR Index +
0.86%)(a)
45
45,119
4.61%, 05/03/32, (1-day SOFR + 1.01%)(a)
425
421,347
4.90%, 01/12/28
510
515,128
4.95%, 02/01/29
300
305,019
4.97%, 08/02/30, (1-day SOFR + 1.10%)(a)
105
106,008
4.97%, 05/02/31, (1-day SOFR Index +
1.13%)(a)
100
101,023
5.00%, 02/01/33
700
706,555
5.00%, 05/02/33
410
414,229
5.15%, 02/04/31, (1-day SOFR + 1.03%)(a)
100
101,441
5.15%, 02/01/34
230
234,990
5.20%, 08/01/28
340
346,262
6.00%, 11/01/27
385
394,418
Santander Holdings USA, Inc.
4.40%, 07/13/27
1,272
1,271,985
5.47%, 03/20/29, (1-day SOFR + 1.61%)(a)
205
207,492
5.74%, 03/20/31, (1-day SOFR + 1.88%)(a)
235
240,982
6.17%, 01/09/30, (1-day SOFR + 2.50%)(a)
75
77,304
6.34%, 05/31/35, (1-day SOFR + 2.14%)(a)(c)
80
84,687
6.50%, 03/09/29, (1-day SOFR + 2.36%)(a)
45
46,313
7.66%, 11/09/31, (1-day SOFR + 3.28%)(a)
75
82,544
Santander U.K. Group Holdings PLC
2.90%, 03/15/32, (1-day SOFR + 1.48%)(a)
170
154,385
3.82%, 11/03/28, (3-mo. SOFR US + 1.66%)(a)
440
435,323
4.32%, 09/22/29, (1-day SOFR Index +
1.07%)(a)
200
198,327
4.86%, 09/11/30, (1-day SOFR Index +
1.55%)(a)
60
60,037
Security
Par
(000
)
Value
Banks (continued)
5.14%, 09/22/36, (1-day SOFR Index +
1.58%)(a)
$250
$242,667
5.69%, 04/15/31, (1-day SOFR Index +
1.52%)(a)
145
148,703
6.53%, 01/10/29, (1-day SOFR + 2.60%)(a)
190
195,501
State Street Corp.
2.40%, 01/24/30
1,035
968,462
2.62%, 02/07/33, (1-day SOFR + 1.00%)(a)
255
227,630
3.03%, 11/01/34, (1-day SOFR + 1.49%)(a)
363
340,571
4.14%, 12/03/29, (3-mo. CME Term SOFR +
1.29%)(a)
317
314,860
4.16%, 08/04/33, (1-day SOFR + 1.73%)(a)
20
19,256
4.54%, 02/28/28
55
55,326
4.56%, 04/23/32, (1-day SOFR + 0.91%)(a)
175
173,573
4.68%, 10/22/32, (1-day SOFR + 1.05%)(a)
40
39,887
4.73%, 02/28/30
50
50,418
4.78%, 10/23/36, (1-day SOFR + 1.22%)(a)
300
292,106
4.82%, 01/26/34, (1-day SOFR + 1.57%)(a)
15
14,921
4.83%, 04/24/30
50
50,638
5.09%, 04/24/37, (1-day SOFR + 1.20%)(a)
175
173,816
5.15%, 02/28/36, (1-day SOFR + 1.22%)(a)
80
80,170
5.16%, 05/18/34, (1-day SOFR + 1.89%)(a)
20
20,248
5.68%, 11/21/29, (1-day SOFR + 1.48%)(a)
60
61,745
Sumitomo Mitsui Financial Group, Inc.
1.71%, 01/12/31
1,075
939,624
1.90%, 09/17/28
605
571,041
2.13%, 07/08/30
1,175
1,061,865
2.14%, 09/23/30
55
49,237
2.30%, 01/12/41
530
364,250
2.47%, 01/14/29
55
52,191
2.72%, 09/27/29
120
112,797
2.75%, 01/15/30
220
205,653
3.04%, 07/16/29
640
609,965
3.35%, 10/18/27
322
317,934
3.36%, 07/12/27
283
280,299
3.54%, 01/17/28
205
202,248
3.94%, 07/19/28
200
197,942
4.11%, 01/15/29
200
198,036
4.31%, 10/16/28
313
312,090
4.49%, 01/15/32, (1-day SOFR + 1.02%)(a)
200
197,136
5.05%, 01/15/37, (1-day SOFR + 1.22%)(a)
315
310,773
5.25%, 07/08/36, (1-day SOFR + 1.50%)(a)
540
543,689
5.33%, 03/03/41, (5-year CMT + 1.30%)(a)
150
146,753
5.42%, 07/09/31
145
148,740
5.52%, 01/13/28
250
254,392
5.56%, 07/09/34
605
623,194
5.57%, 01/15/47, (1-day SOFR + 1.36%)(a)
200
196,658
5.63%, 01/15/35
800
827,766
5.71%, 01/13/30
15
15,494
5.77%, 01/13/33
445
465,049
5.78%, 07/13/33
250
261,006
5.80%, 07/13/28
205
210,341
5.81%, 09/14/33
140
146,523
5.85%, 07/13/30
200
208,058
Synchrony Bank, 5.63%, 08/23/27
620
626,652
Toronto-Dominion Bank(The)
2.00%, 09/10/31
205
181,482
2.45%, 01/12/32
125
110,932
3.20%, 03/10/32
95
87,494
4.36%, 04/23/29
250
249,061
4.41%, 01/13/31
25
24,754
8

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
4.46%, 06/08/32
$410
$403,720
4.81%, 06/03/30
200
201,217
4.87%, 04/22/33
250
248,394
4.93%, 10/15/35
55
54,048
4.99%, 04/05/29
110
111,473
5.15%, 09/10/34, (5-year CMT + 1.50%)(a)
75
75,442
5.16%, 01/10/28
630
637,463
5.30%, 01/30/32
160
163,668
5.52%, 07/17/28
575
588,019
U.S. Bancorp
2.49%, 11/03/36, (5-year CMT + 0.95%)(a)
420
364,983
2.68%, 01/27/33, (1-day SOFR + 1.02%)(a)
85
75,713
4.48%, 01/26/32, (1-day SOFR + 0.87%)(a)
75
74,003
4.84%, 02/01/34, (1-day SOFR + 1.60%)(a)
295
291,160
4.97%, 07/22/33, (1-day SOFR + 2.11%)(a)
185
183,094
5.03%, 01/26/37, (1-day SOFR + 1.10%)(a)
75
73,792
5.68%, 01/23/35, (1-day SOFR + 1.86%)(a)
120
123,958
5.72%, 05/20/41, (5-year CMT + 1.25%)(a)
175
175,389
5.78%, 06/12/29, (1-day SOFR + 2.02%)(a)
315
322,653
5.84%, 06/12/34, (1-day SOFR + 2.26%)(a)
93
97,059
5.85%, 10/21/33, (1-day SOFR + 2.09%)(a)
250
261,532
UBS AG/London, 5.65%, 09/11/28
1,395
1,434,381
UBS AG/Stamford CT
4.30%, 03/16/29, (1-day SOFR + 0.81%)(a)
250
249,553
4.63%, 02/16/32, (1-day SOFR + 1.11%)(a)
250
249,058
5.00%, 07/09/27
40
40,360
7.50%, 02/15/28
60
63,155
Wells Fargo & Co.
3.07%, 04/30/41, (1-day SOFR + 2.53%)(a)
1,110
842,595
4.40%, 06/14/46
720
584,541
4.61%, 04/25/53, (1-day SOFR + 2.13%)(a)
35
29,473
4.65%, 11/04/44
225
190,688
4.75%, 12/07/46
580
492,454
4.84%, 05/20/32, (1-day SOFR + 0.97%)(a)
675
674,437
4.90%, 11/17/45
65
56,910
5.01%, 04/04/51, (3-mo. CME Term SOFR +
4.50%)(a)
530
474,647
5.61%, 01/15/44
330
318,745
5.95%, 12/01/86
960
979,040
Westpac Banking Corp.
2.67%, 11/15/35, (5-year CMT + 1.75%)(a)
215
193,965
3.02%, 11/18/36, (5-year CMT + 1.53%)(a)
360
322,271
3.40%, 01/25/28
1,142
1,128,089
4.11%, 07/24/34, (5-year CMT + 2.00%)(a)
214
208,930
4.42%, 07/24/39
25
22,422
5.41%, 08/10/33, (1-year CMT + 2.68%)(a)
70
70,884
5.62%, 11/20/35, (1-year CMT + 1.20%)(a)
40
40,451
 
246,837,765
Beverages — 0.6%
Anheuser-Busch Cos LLC/Anheuser-Busch InBev
Worldwide, Inc.
4.70%, 02/01/36
1,177
1,145,887
4.90%, 02/01/46
1,420
1,297,853
Anheuser-Busch InBev Finance, Inc.
4.63%, 02/01/44
100
88,872
4.70%, 02/01/36
955
929,559
4.90%, 02/01/46
418
379,351
Anheuser-Busch InBev Worldwide, Inc.
3.50%, 06/01/30
720
695,407
4.38%, 04/15/38
519
485,042
4.44%, 10/06/48
480
406,665
Security
Par
(000
)
Value
Beverages (continued)
4.60%, 04/15/48
$45
$39,204
4.75%, 01/23/29
646
651,326
4.75%, 04/15/58
220
189,418
4.90%, 01/23/31
273
277,645
4.95%, 01/15/42
387
364,435
5.00%, 06/15/34
160
161,657
5.45%, 01/23/39
453
461,735
5.55%, 01/23/49
743
730,993
5.80%, 01/23/59
400
407,271
5.88%, 06/15/35
235
251,167
8.00%, 11/15/39
169
210,871
8.20%, 01/15/39
325
409,614
Brown-Forman Corp.
4.00%, 04/15/38
83
72,934
4.50%, 07/15/45
279
236,234
Coca-Cola Co.(The)
1.00%, 03/15/28
540
511,780
1.38%, 03/15/31
345
300,868
1.65%, 06/01/30
416
375,591
2.00%, 03/05/31
265
238,268
2.13%, 09/06/29
175
164,191
2.25%, 01/05/32
325
291,152
2.50%, 06/01/40
492
361,115
2.50%, 03/15/51
160
95,193
2.60%, 06/01/50
613
376,462
2.75%, 06/01/60
224
129,882
3.00%, 03/05/51
200
132,815
3.45%, 03/25/30
45
43,710
4.20%, 03/25/50
330
272,662
4.65%, 08/14/34(c)
135
135,262
5.00%, 05/13/34
120
123,265
5.20%, 01/14/55
260
247,732
5.30%, 05/13/54
60
57,972
5.40%, 05/13/64
245
235,591
Constellation Brands, Inc.
3.75%, 05/01/50
106
77,482
4.10%, 02/15/48
90
70,046
4.50%, 05/09/47
127
105,051
4.85%, 05/06/31
75
75,039
5.25%, 11/15/48
111
101,723
Diageo Capital PLC
2.00%, 04/29/30
1,080
979,866
2.13%, 04/29/32
1,530
1,323,351
2.38%, 10/24/29
3,185
2,972,791
3.88%, 05/18/28
960
951,589
3.88%, 04/29/43
2,510
2,015,971
5.63%, 10/05/33
640
667,161
5.88%, 09/30/36
25
26,533
Diageo Investment Corp.
4.25%, 05/11/42
1,640
1,407,419
5.13%, 08/15/30
225
229,033
5.63%, 04/15/35
200
207,777
7.45%, 04/15/35
435
508,613
Fomento Economico Mexicano SAB de CV, 3.50%,
01/16/50
80
57,502
Keurig Dr Pepper, Inc.
3.20%, 05/01/30
209
196,711
3.80%, 05/01/50
222
157,620
4.05%, 04/15/32
300
285,874
4.42%, 12/15/46
55
44,238
4.50%, 11/15/45
79
65,268
9

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Beverages (continued)
4.50%, 04/15/52
$305
$242,858
5.09%, 05/25/48
75
65,894
5.15%, 05/15/35
25
24,573
5.30%, 03/15/34
130
130,020
Molson Coors Beverage Co.
4.20%, 07/15/46
565
451,713
4.90%, 07/08/31
1,210
1,213,784
5.00%, 05/01/42
407
373,134
5.50%, 07/08/36
2,290
2,307,432
 
31,322,717
Biotechnology — 0.6%
Amgen, Inc.
2.30%, 02/25/31
430
388,225
2.45%, 02/21/30
866
803,657
2.77%, 09/01/53
285
169,205
3.00%, 01/15/52
235
152,423
3.15%, 02/21/40
240
186,659
3.20%, 11/02/27
792
780,571
3.38%, 02/21/50
365
257,762
4.20%, 03/01/33
460
443,296
4.20%, 02/22/52
190
148,736
4.40%, 05/01/45
580
491,470
4.40%, 02/22/62
320
249,279
4.56%, 06/15/48
479
404,950
4.66%, 06/15/51
548
464,328
4.88%, 03/01/53
150
130,250
4.95%, 10/01/41
285
265,298
5.15%, 11/15/41
287
272,795
5.25%, 03/02/33
765
781,178
5.65%, 06/15/42
245
243,460
5.65%, 03/02/53
485
471,390
5.75%, 03/15/40
95
97,433
5.75%, 03/02/63
450
436,561
6.38%, 06/01/37
265
288,912
6.40%, 02/01/39
195
210,211
Baxalta, Inc., 5.25%, 06/23/45
255
237,827
Biogen, Inc.
2.25%, 05/01/30
60
54,791
3.15%, 05/01/50
332
214,665
3.25%, 02/15/51
195
127,283
5.20%, 09/15/45
482
444,307
Gilead Sciences, Inc.
1.20%, 10/01/27
1,890
1,817,572
1.65%, 10/01/30
605
536,996
2.80%, 10/01/50
176
111,096
4.00%, 09/01/36
509
468,013
4.15%, 03/01/47
430
351,971
4.25%, 05/20/28
2,410
2,409,597
4.40%, 05/20/29
3,565
3,565,243
4.50%, 02/01/45
480
418,192
4.60%, 05/20/31
2,560
2,562,606
4.60%, 09/01/35
570
556,176
4.75%, 03/01/46
576
516,651
4.80%, 04/01/44
373
339,967
4.90%, 05/20/34
2,970
2,975,122
5.10%, 06/15/35
455
459,125
5.25%, 10/15/33
440
453,533
5.55%, 10/15/53
60
59,026
5.60%, 11/15/64
135
132,293
5.65%, 12/01/41
310
316,301
Security
Par
(000
)
Value
Biotechnology (continued)
Royalty Pharma PLC
3.30%, 09/02/40
$5
$3,873
4.45%, 03/25/31
25
24,625
5.20%, 09/25/35
25
24,822
5.40%, 09/02/34
60
60,719
5.90%, 09/02/54
265
261,757
5.95%, 09/25/55
75
74,641
 
27,716,839
Building Materials — 0.7%
Carlisle Companies, Inc.
2.75%, 03/01/30
162
151,577
3.75%, 12/01/27
5
4,954
Carrier Global Corp.
2.70%, 02/15/31
660
606,000
2.72%, 02/15/30
895
837,631
3.38%, 04/05/40
170
136,113
3.58%, 04/05/50
506
368,229
5.90%, 03/15/34
484
510,332
6.20%, 03/15/54
116
123,654
CRH America Finance, Inc.
4.40%, 02/09/31
225
221,930
5.00%, 02/09/36
215
211,333
5.40%, 05/21/34
2,435
2,486,184
5.50%, 01/09/35
615
627,963
5.60%, 02/09/56
170
165,748
5.88%, 01/09/55
1,565
1,577,053
CRH SMW Finance DAC
5.13%, 01/09/30
1,845
1,873,932
5.20%, 05/21/29
2,510
2,561,859
Fortune Brands Innovations, Inc.
3.25%, 09/15/29
577
550,710
4.00%, 03/25/32
995
941,319
4.50%, 03/25/52
305
243,742
5.88%, 06/01/33(c)
1,092
1,134,759
Johnson Controls International PLC
4.50%, 02/15/47
142
120,634
4.63%, 07/02/44
105
92,270
4.95%, 07/02/64(e)
50
43,201
5.13%, 09/14/45
34
31,138
6.00%, 01/15/36
455
482,239
Johnson Controls International PLC/Tyco Fire &
Security Finance SCA
1.75%, 09/15/30
1,275
1,135,439
2.00%, 09/16/31
675
589,921
4.90%, 12/01/32
195
195,733
5.50%, 04/19/29
130
133,497
Lennox International, Inc.
1.70%, 08/01/27
555
538,756
5.50%, 09/15/28
325
331,667
Martin Marietta Materials, Inc.
3.20%, 07/15/51
350
232,162
4.25%, 12/15/47
147
119,264
5.15%, 12/01/34
75
75,396
5.50%, 12/01/54
260
249,461
Owens Corning
3.95%, 08/15/29
446
438,316
4.30%, 07/15/47
150
121,237
4.40%, 01/30/48
185
151,599
5.70%, 06/15/34
125
129,454
5.95%, 06/15/54(c)
405
406,516
7.00%, 12/01/36
231
259,642
10

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Building Materials (continued)
Trane Technologies Financing Ltd.
3.80%, 03/21/29
$855
$841,721
4.50%, 03/21/49
1,235
1,054,046
4.65%, 11/01/44
392
349,524
5.10%, 06/13/34
2,330
2,360,947
5.25%, 03/03/33
1,390
1,425,349
Trane Technologies Holdco, Inc.
3.75%, 08/21/28
1,800
1,780,614
4.30%, 02/21/48
555
457,863
5.75%, 06/15/43
1,814
1,869,423
Vulcan Materials Co.
4.50%, 06/15/47
164
139,292
4.70%, 03/01/48
135
117,514
5.35%, 12/01/34
25
25,439
5.70%, 12/01/54
125
123,349
 
31,757,645
Chemicals — 0.3%
Dow Chemical Co.(The)
3.60%, 11/15/50
185
123,168
4.25%, 10/01/34
450
412,823
4.38%, 11/15/42
232
187,912
4.63%, 10/01/44
167
136,564
4.80%, 11/30/28
80
80,246
4.80%, 01/15/31
50
49,548
4.80%, 05/15/49
224
179,432
5.15%, 02/15/34(c)
315
310,423
5.25%, 11/15/41
75
67,874
5.35%, 03/15/35(c)
25
24,727
5.55%, 11/30/48
210
186,851
5.60%, 02/15/54
110
97,726
5.65%, 03/15/36(c)
75
75,042
5.95%, 03/15/55
75
69,854
6.30%, 03/15/33
90
95,072
6.90%, 05/15/53(c)
75
78,701
7.38%, 11/01/29
25
27,017
9.40%, 05/15/39
130
168,364
DuPont de Nemours, Inc.
4.73%, 11/15/28
100
100,333
4.73%, 11/15/28(b)
205
205,254
5.32%, 11/15/38
433
427,173
5.42%, 11/15/48(c)
101
95,363
Ecolab, Inc.
1.30%, 01/30/31
320
276,407
2.13%, 02/01/32
120
105,308
2.70%, 12/15/51
135
82,234
2.75%, 08/18/55
25
14,850
3.25%, 12/01/27
1,431
1,413,083
3.95%, 12/01/47
75
59,544
4.60%, 06/15/29
300
301,308
4.80%, 03/24/30
826
834,580
4.80%, 06/15/31
300
302,248
5.00%, 09/01/35
355
354,791
5.15%, 06/15/33
300
304,646
5.35%, 06/15/36
300
304,888
5.50%, 12/08/41
70
70,576
International Flavors & Fragrances, Inc.
4.38%, 06/01/47
75
60,465
4.45%, 09/26/28
790
789,200
5.00%, 09/26/48
156
137,577
Security
Par
(000
)
Value
Chemicals (continued)
LYB International Finance BV
4.88%, 03/15/44
$295
$249,434
5.25%, 07/15/43
173
152,969
LYB International Finance III LLC
3.63%, 04/01/51
230
152,001
3.80%, 10/01/60
440
280,367
4.20%, 10/15/49
197
144,456
4.20%, 05/01/50
160
116,918
5.50%, 03/01/34(c)
180
180,143
5.63%, 05/15/33
290
294,005
LyondellBasell Industries NV, 4.63%, 02/26/55
290
224,163
Mosaic Co.(The)
4.05%, 11/15/27
135
134,175
4.88%, 11/15/41
15
13,373
5.45%, 11/15/33(c)
320
324,161
5.63%, 11/15/43
155
146,857
Nutrien Ltd.
4.13%, 03/15/35
400
368,392
4.85%, 05/29/31
175
175,382
4.90%, 06/01/43
130
116,973
5.00%, 04/01/49
103
91,809
5.25%, 03/12/32
150
152,751
5.25%, 01/15/45
133
124,222
5.35%, 05/29/36
175
175,542
5.40%, 06/21/34
65
66,234
5.63%, 12/01/40
173
171,532
5.80%, 03/27/53
215
213,042
5.88%, 12/01/36
135
140,146
6.13%, 01/15/41
60
63,054
PPG Industries, Inc.
2.80%, 08/15/29
179
169,486
3.75%, 03/15/28
505
499,897
4.38%, 03/15/31
150
147,771
Sherwin-Williams Co.(The)
2.20%, 03/15/32
120
104,792
3.30%, 05/15/50
115
77,306
3.80%, 08/15/49
205
153,271
4.00%, 12/15/42
73
58,949
4.50%, 08/15/30
50
49,786
4.50%, 06/01/47
374
314,226
4.55%, 08/01/45
180
153,369
5.15%, 08/15/35
50
50,138
 
14,662,264
Commercial Services — 0.4%
Automatic Data Processing, Inc.
1.25%, 09/01/30
5,791
5,089,678
1.70%, 05/15/28
5,560
5,309,591
4.45%, 09/09/34
125
122,356
4.75%, 05/08/32
175
175,683
5.00%, 05/07/36
250
249,327
Moody's Corp.
3.10%, 11/29/61
90
53,514
3.25%, 01/15/28
240
236,300
3.25%, 05/20/50
124
82,860
3.75%, 02/25/52
95
69,311
4.25%, 02/01/29
150
149,454
4.25%, 08/08/32
80
77,902
4.88%, 12/17/48
159
140,555
5.25%, 07/15/44
230
217,066
PayPal Holdings, Inc.
2.85%, 10/01/29
220
207,938
11

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Commercial Services (continued)
3.25%, 06/01/50
$351
$229,290
4.55%, 06/01/28
175
175,513
4.95%, 06/01/31
175
175,208
5.05%, 06/01/52
115
99,252
5.25%, 06/01/62
115
100,335
5.55%, 06/01/36
175
175,119
Quanta Services, Inc.
2.35%, 01/15/32
340
298,692
2.90%, 10/01/30
730
680,000
4.75%, 08/09/27
25
25,098
5.25%, 08/09/34
25
25,256
RELX Capital, Inc.
3.00%, 05/22/30
1,835
1,727,575
4.00%, 03/18/29
2,608
2,573,878
4.75%, 03/27/30
100
100,398
4.75%, 05/20/32
75
74,950
5.25%, 03/27/35
225
227,984
S&P Global, Inc.
2.30%, 08/15/60
290
143,229
2.50%, 12/01/29
165
154,507
3.25%, 12/01/49
308
212,149
3.70%, 03/01/52
5
3,701
3.90%, 03/01/62
195
141,427
4.25%, 01/15/31(b)
110
108,287
4.80%, 12/04/35(b)
60
58,679
Verisk Analytics, Inc.
4.13%, 03/15/29
55
54,363
5.13%, 03/15/36
25
24,499
5.25%, 03/15/35
25
24,833
5.50%, 06/15/45
26
24,649
 
19,820,406
Computers — 0.5%
Apple, Inc.
2.55%, 08/20/60
943
513,078
2.65%, 05/11/50
433
268,032
2.65%, 02/08/51
230
140,895
2.70%, 08/05/51
350
216,060
2.80%, 02/08/61
240
138,821
2.85%, 08/05/61
250
145,651
2.95%, 09/11/49
414
274,156
3.75%, 09/12/47
225
175,489
3.75%, 11/13/47
241
187,898
3.85%, 05/04/43
532
443,443
3.95%, 08/08/52
110
85,935
4.10%, 08/08/62
330
254,838
4.25%, 02/09/47
245
206,955
4.65%, 02/23/46
10
9,023
Dell International LLC/EMC Corp.
3.45%, 12/15/51
82
57,366
5.40%, 04/15/34
55
56,229
8.10%, 07/15/36
145
174,040
8.35%, 07/15/46
138
175,032
Dell, Inc., 6.50%, 04/15/38
85
92,012
DXC Technology Co., 2.38%, 09/15/28
100
93,763
Gartner, Inc.
4.95%, 03/20/31
350
340,617
5.60%, 11/20/35
575
550,560
Hewlett Packard Enterprise Co.
4.15%, 09/15/28
195
193,476
4.40%, 09/25/27
1,610
1,609,300
4.40%, 10/15/30
235
231,134
Security
Par
(000
)
Value
Computers (continued)
4.50%, 03/23/28
$125
$125,022
4.55%, 10/15/29
690
688,310
4.60%, 03/23/29
100
99,993
4.85%, 10/15/31
520
519,321
5.00%, 10/15/34
310
304,008
5.25%, 07/01/28
660
669,431
5.25%, 04/01/33
125
125,933
5.60%, 10/15/54
175
161,288
6.20%, 10/15/35(c)
586
628,658
6.35%, 10/15/45
1,320
1,351,009
HP, Inc.
3.40%, 06/17/30
50
47,480
4.20%, 04/15/32
235
225,287
4.75%, 01/15/28
40
40,176
5.40%, 04/25/30
75
76,623
5.50%, 01/15/33(c)
320
327,848
6.00%, 09/15/41
477
489,238
6.10%, 04/25/35(c)
40
42,192
IBM International Capital Pte. Ltd., 5.30%,
02/05/54
110
99,420
International Business Machines Corp.
3.43%, 02/09/52
85
56,817
3.50%, 05/15/29
1,660
1,618,396
4.00%, 02/03/29
200
197,965
4.00%, 06/20/42
285
234,574
4.15%, 05/15/39
212
185,607
4.25%, 05/15/49
516
404,796
4.30%, 02/03/31
200
196,980
4.60%, 02/03/33
200
196,757
4.70%, 02/19/46
20
17,239
4.90%, 07/27/52
100
85,447
4.95%, 02/03/36
300
294,652
5.10%, 02/06/53
120
106,485
5.20%, 02/10/35
195
196,705
5.60%, 11/30/39
396
405,568
5.70%, 02/10/55
200
191,993
5.80%, 02/03/56
215
209,828
5.88%, 11/29/32
735
779,192
6.22%, 08/01/27
425
434,357
6.50%, 01/15/28
507
524,414
Leidos, Inc.
2.30%, 02/15/31
545
486,591
4.38%, 05/15/30
781
768,381
5.00%, 03/15/36
50
48,402
NetApp, Inc.
2.38%, 06/22/27
230
225,288
2.70%, 06/22/30
1,625
1,497,496
5.50%, 03/17/32
270
276,252
5.70%, 03/17/35
865
885,668
 
23,180,890
Cosmetics & Personal Care — 0.1%
Colgate-Palmolive Co.
3.70%, 08/01/47
361
278,978
4.00%, 08/15/45
373
314,189
4.60%, 03/01/33
36
36,283
Estee Lauder Companies, Inc.(The)
3.13%, 12/01/49
142
93,748
4.38%, 06/15/45
82
68,250
6.00%, 05/15/37
60
63,842
Kenvue, Inc.
4.85%, 05/22/32
25
25,228
12

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Cosmetics & Personal Care (continued)
5.05%, 03/22/53
$75
$68,452
5.20%, 03/22/63
260
235,276
Procter & Gamble Co.(The)
2.85%, 08/11/27
450
443,805
3.60%, 03/25/50
130
99,367
4.60%, 05/01/35
175
173,919
5.55%, 03/05/37
396
420,625
5.80%, 08/15/34
270
290,068
Unilever Capital Corp.
1.75%, 08/12/31
555
485,080
3.50%, 03/22/28
555
548,544
4.25%, 08/12/27
100
100,222
4.63%, 08/12/34
100
98,841
5.00%, 12/08/33
645
658,806
5.90%, 11/15/32
625
670,870
Series 30Y, 2.63%, 08/12/51
420
257,746
 
5,432,139
Distribution & Wholesale — 0.1%
LKQ Corp.
5.75%, 06/15/28
1,860
1,892,292
6.25%, 06/15/33
2,145
2,219,128
WW Grainger, Inc.
3.75%, 05/15/46
156
121,826
4.20%, 05/15/47
179
147,701
4.45%, 09/15/34
1,305
1,273,160
4.60%, 06/15/45
332
296,521
 
5,950,628
Diversified Financial Services — 0.8%
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust
3.00%, 10/29/28
687
661,761
3.30%, 01/30/32
932
852,932
3.40%, 10/29/33
590
524,883
3.65%, 07/21/27
465
460,607
3.85%, 10/29/41
215
173,466
3.88%, 01/23/28
410
405,509
4.63%, 10/15/27
710
710,856
4.95%, 09/10/34
90
87,686
5.30%, 01/19/34
250
250,221
5.75%, 06/06/28
150
153,279
6.95%, 03/10/55, (5-year CMT + 2.72%)(a)
250
258,770
Ally Financial, Inc.
7.10%, 11/15/27
110
113,705
8.00%, 11/01/31
699
778,317
American Express Co.
4.05%, 12/03/42
675
568,320
4.44%, 05/03/30, (1-day SOFR + 0.81%)(a)
455
453,516
4.46%, 02/10/32, (1-day SOFR + 0.87%)(a)
90
88,883
4.80%, 10/24/36, (1-day SOFR + 1.24%)(a)
125
120,988
4.92%, 07/20/33, (1-day SOFR + 1.22%)(a)
235
235,251
4.99%, 05/26/33, (1-day SOFR + 2.26%)(a)
150
149,524
5.09%, 01/30/31, (1-day SOFR Index +
1.02%)(a)
280
284,119
5.28%, 07/26/35, (1-day SOFR + 1.42%)(a)
615
622,199
5.44%, 01/30/36, (1-day SOFR Index +
1.32%)(a)
240
244,864
5.53%, 04/25/30, (1-day SOFR Index +
1.09%)(a)
135
138,420
5.63%, 07/28/34, (1-day SOFR + 1.93%)(a)
115
117,754
5.67%, 04/25/36, (1-day SOFR + 1.79%)(a)
345
357,655
Security
Par
(000
)
Value
Diversified Financial Services (continued)
5.92%, 04/25/35, (1-day SOFR + 1.63%)(a)
$430
$446,350
6.49%, 10/30/31, (1-day SOFR + 1.94%)(a)
50
53,551
Ameriprise Financial, Inc.
4.50%, 05/13/32
60
59,449
5.15%, 05/15/33
255
259,516
Apollo Global Management, Inc.
5.70%, 03/30/36
50
50,524
6.00%, 12/15/54, (5-year CMT + 2.17%)(a)
15
14,538
Brookfield Capital Finance LLC, 6.09%, 06/14/33
560
590,197
Brookfield Finance I U.K. PLC/Brookfield Finance,
Inc., 2.34%, 01/30/32
805
703,083
Brookfield Finance LLC/Brookfield Finance, Inc.,
3.45%, 04/15/50
195
132,302
Brookfield Finance, Inc.
3.50%, 03/30/51
125
85,581
3.63%, 02/15/52
80
55,524
3.90%, 01/25/28
180
178,168
4.35%, 04/15/30
312
306,841
4.70%, 09/20/47
300
255,333
4.85%, 03/29/29
615
617,263
5.68%, 01/15/35
335
340,820
5.97%, 03/04/54
120
118,931
6.35%, 01/05/34
510
543,608
Capital One Financial Corp.
2.36%, 07/29/32, (1-day SOFR + 1.34%)(a)
275
237,452
2.62%, 11/02/32, (1-day SOFR + 1.27%)(a)
345
305,056
3.27%, 03/01/30, (1-day SOFR + 1.79%)(a)
230
221,546
4.72%, 01/30/32, (1-day SOFR + 1.15%)(a)
75
74,055
5.20%, 09/11/36, (1-day SOFR + 1.63%)(a)
660
642,456
5.25%, 07/26/30, (1-day SOFR + 2.60%)(a)
100
101,371
5.27%, 05/10/33, (1-day SOFR + 2.37%)(a)
350
351,371
5.40%, 01/30/37, (1-day SOFR + 1.51%)(a)
150
147,968
5.47%, 02/01/29, (1-day SOFR + 2.08%)(a)
125
126,808
5.82%, 02/01/34, (1-day SOFR + 2.60%)(a)
180
185,123
6.18%, 01/30/36, (1-day SOFR + 2.04%)(a)
80
81,840
6.31%, 06/08/29, (1-day SOFR + 2.64%)(a)
200
206,328
6.38%, 06/08/34, (1-day SOFR + 2.86%)(a)
190
201,336
6.70%, 11/29/32
245
266,623
7.96%, 11/02/34, (1-day SOFR Index +
3.37%)(a)
375
432,014
Cboe Global Markets, Inc.
1.63%, 12/15/30
345
303,413
3.00%, 03/16/32
945
867,847
Intercontinental Exchange, Inc.
1.85%, 09/15/32
315
266,125
3.00%, 06/15/50
285
186,633
3.00%, 09/15/60
460
271,554
3.10%, 09/15/27
55
54,186
3.75%, 09/21/28
139
137,022
3.95%, 12/01/28
70
69,295
4.20%, 03/15/31
75
73,775
4.25%, 09/21/48
366
302,677
4.60%, 03/15/33
320
316,908
4.95%, 06/15/52
190
172,168
5.20%, 06/15/62
290
265,044
Invesco Finance PLC, 5.38%, 11/30/43
253
241,533
Janus Henderson U.S. Holdings, Inc., 5.45%,
09/10/34
810
818,870
Legg Mason, Inc., 5.63%, 01/15/44
348
342,796
LPL Holdings, Inc.
5.65%, 03/15/35
55
54,705
13

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Diversified Financial Services (continued)
5.75%, 06/15/35
$150
$150,297
6.00%, 05/20/34
30
30,737
Mastercard, Inc.
2.00%, 11/18/31
85
75,172
2.95%, 06/01/29
155
149,499
3.35%, 03/26/30
165
159,235
3.50%, 02/26/28
35
34,642
3.65%, 06/01/49
215
160,684
3.80%, 11/21/46
225
176,390
3.85%, 03/26/50
253
196,185
3.95%, 02/26/48
217
171,529
4.55%, 01/15/35
140
137,101
4.85%, 03/09/33
70
70,907
4.88%, 05/09/34
30
30,153
4.95%, 03/15/32
100
102,338
Nasdaq, Inc.
1.65%, 01/15/31
510
448,383
3.25%, 04/28/50
245
165,946
3.95%, 03/07/52
172
129,015
5.35%, 06/28/28
655
666,203
5.55%, 02/15/34
519
535,985
5.95%, 08/15/53
90
91,476
6.10%, 06/28/63
140
143,580
Nomura Holdings, Inc.
2.17%, 07/14/28
295
280,417
2.61%, 07/14/31
415
371,694
2.68%, 07/16/30
330
303,017
2.71%, 01/22/29
405
384,977
3.00%, 01/22/32
255
230,515
3.10%, 01/16/30
545
513,329
4.90%, 07/01/30
200
199,989
5.39%, 07/06/27
265
267,365
5.49%, 06/29/35
200
203,593
5.59%, 07/02/27
200
202,180
5.78%, 07/03/34
375
388,194
6.07%, 07/12/28
240
246,742
6.09%, 07/12/33
205
216,844
6.18%, 01/18/33
200
211,961
ORIX Corp.
4.00%, 04/13/32
170
162,679
4.45%, 09/09/30
25
24,722
5.20%, 09/13/32(c)
455
460,999
5.40%, 02/25/35
20
20,229
Raymond James Financial, Inc.
3.75%, 04/01/51
195
141,174
4.65%, 04/01/30
274
274,793
4.95%, 07/15/46
210
188,316
5.65%, 09/11/55
640
618,130
Synchrony Financial
2.88%, 10/28/31
470
413,705
3.95%, 12/01/27
706
698,603
4.95%, 02/25/32, (1-day SOFR + 1.53%)(a)
25
24,398
5.15%, 03/19/29
462
462,803
5.94%, 08/02/30, (1-day SOFR Index +
2.13%)(a)
345
351,576
6.00%, 07/29/36, (1-day SOFR + 2.07%)(a)
415
416,099
UBS Americas, Inc., 7.13%, 07/15/32
711
794,591
Visa, Inc.
2.00%, 08/15/50(c)
100
53,388
2.05%, 04/15/30
270
248,330
2.70%, 04/15/40
260
197,399
Security
Par
(000
)
Value
Diversified Financial Services (continued)
2.75%, 09/15/27
$145
$142,704
3.65%, 09/15/47
70
53,792
3.80%, 02/12/29
150
148,523
4.10%, 02/12/31
150
149,111
4.15%, 12/14/35
429
409,448
4.30%, 12/14/45
861
741,622
4.40%, 02/12/33
150
148,091
Voya Financial, Inc.
4.70%, 01/23/48, (3-mo. SOFR US + 2.34%)(a)
225
218,673
5.70%, 07/15/43
136
133,571
Western Union Co. (The), 6.20%, 11/17/36(c)
312
324,561
 
37,819,266
Electric — 2.1%
AEP Texas, Inc.
3.45%, 05/15/51
785
527,543
4.70%, 05/15/32
550
542,672
5.25%, 05/15/52
475
427,601
5.40%, 06/01/33
225
229,101
5.45%, 05/15/29
100
102,353
5.70%, 05/15/34
305
314,981
5.85%, 10/15/55
60
58,709
Series G, 4.15%, 05/01/49
210
160,393
Series H, 3.45%, 01/15/50
360
245,138
Series Q, 5.20%, 04/15/36
50
49,216
Avangrid, Inc., 3.80%, 06/01/29
3,162
3,081,827
Avista Corp.
4.00%, 04/01/52
605
450,682
4.35%, 06/01/48
374
302,075
Baltimore Gas and Electric Co.
2.90%, 06/15/50
122
76,582
3.20%, 09/15/49
347
231,178
3.50%, 08/15/46
320
231,634
3.75%, 08/15/47
311
232,981
4.25%, 09/15/48
215
173,497
4.55%, 06/01/52
20
16,634
5.15%, 06/01/33
1,910
1,928,268
5.40%, 06/01/53
115
108,818
5.65%, 06/01/54
90
87,749
6.05%, 06/01/56
2,865
2,946,315
6.35%, 10/01/36
240
259,837
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42
125
98,135
3.60%, 03/01/52
165
118,254
3.95%, 03/01/48
269
210,943
4.50%, 04/01/44
152
132,318
4.95%, 04/01/33
30
30,201
5.30%, 04/01/53
50
47,086
Series AD, 2.90%, 07/01/50
207
132,060
Series AR, 4.85%, 04/01/36
30
29,474
Series K2, 6.95%, 03/15/33
135
150,672
Cleveland Electric Illuminating Co. (The), 5.95%,
12/15/36
225
232,461
CMS Energy Corp.
3.75%, 12/01/50, (5-year CMT + 2.90%)(a)
420
385,208
4.75%, 06/01/50, (5-year CMT + 4.12%)(a)
600
589,034
6.50%, 06/01/55, (5-year CMT + 1.96%)(a)
140
143,769
Commonwealth Edison Co.
2.20%, 03/01/30
519
477,854
3.00%, 03/01/50
330
213,206
3.65%, 06/15/46
341
256,914
3.70%, 03/01/45
168
129,484
14

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
3.80%, 10/01/42
$100
$80,597
4.00%, 03/01/48
339
265,996
4.00%, 03/01/49
277
214,800
4.35%, 11/15/45
81
67,872
4.55%, 06/01/31
150
149,686
4.60%, 08/15/43
200
176,158
4.70%, 01/15/44
25
22,142
5.30%, 02/01/53
140
130,513
5.65%, 06/01/54
220
214,866
5.85%, 06/01/56
225
226,522
6.45%, 01/15/38
139
152,550
Series 123, 3.75%, 08/15/47
275
207,358
Series 127, 3.20%, 11/15/49
254
169,534
Series 131, 2.75%, 09/01/51
570
343,554
Connecticut Light and Power Co.(The)
4.00%, 04/01/48
310
245,086
4.30%, 04/15/44
325
273,642
4.65%, 01/01/29
75
75,395
4.90%, 07/01/33
75
75,437
4.95%, 01/15/30
40
40,566
4.95%, 08/15/34
25
24,895
5.25%, 01/15/53
210
195,834
Series A, 2.05%, 07/01/31
1,042
920,325
Series A, 4.15%, 06/01/45
300
245,325
Consolidated Edison Co. of New York, Inc.
3.60%, 06/15/61
85
57,108
3.70%, 11/15/59
270
186,463
3.85%, 06/15/46
339
261,963
3.95%, 03/01/43
204
166,065
4.45%, 03/15/44
270
231,963
4.50%, 12/01/45
160
136,428
4.50%, 05/15/58
115
92,787
4.63%, 12/01/54
234
195,176
5.70%, 06/15/40
127
129,706
Series 06-A, 5.85%, 03/15/36
104
109,264
Series 06-B, 6.20%, 06/15/36
120
129,183
Series 07-A, 6.30%, 08/15/37
5
5,400
Series 08-B, 6.75%, 04/01/38
210
236,293
Series 09-C, 5.50%, 12/01/39
215
215,895
Series 12-A, 4.20%, 03/15/42
207
175,514
Series 2017, 3.88%, 06/15/47
331
254,429
Series 20B, 3.95%, 04/01/50
305
237,305
Series A, 4.13%, 05/15/49
50
39,517
Series C, 3.00%, 12/01/60
370
217,529
Series C, 4.00%, 11/15/57
124
91,079
Series C, 4.30%, 12/01/56
146
114,183
Series E, 4.65%, 12/01/48
180
153,823
Delmarva Power & Light Co., 4.15%, 05/15/45
110
89,833
Duke Energy Carolinas Nc Storm Funding II LLC,
Series A-1, 4.23%, 07/01/37
300
294,790
Edison International
4.13%, 03/15/28
490
483,056
5.25%, 03/15/32
100
98,486
5.75%, 06/15/27
45
45,332
El Paso Electric Co.
5.00%, 12/01/44
95
81,562
6.00%, 05/15/35
97
98,596
Enel Chile SA, 4.88%, 06/12/28
2,720
2,731,105
Entergy Corp., 7.13%, 12/01/54, (5-year CMT +
2.67%)(a)
40
41,497
Security
Par
(000
)
Value
Electric (continued)
Entergy Louisiana LLC
2.90%, 03/15/51
$418
$261,583
4.20%, 09/01/48
250
200,147
4.20%, 04/01/50
340
267,253
4.95%, 01/15/45
675
618,357
5.70%, 03/15/54
205
201,050
Entergy Texas, Inc.
5.00%, 09/15/52
180
159,118
5.20%, 06/15/36
2,020
2,011,367
5.55%, 09/15/54
35
33,301
5.80%, 09/01/53
210
208,719
Eversource Energy
3.45%, 01/15/50
565
392,816
4.45%, 12/15/30
100
98,397
4.60%, 07/01/27
90
90,194
5.13%, 05/15/33
260
260,048
5.50%, 01/01/34
245
249,443
5.85%, 04/15/31
365
380,155
5.95%, 02/01/29
105
108,343
5.95%, 07/15/34
285
298,100
Series A, 6.10%, 08/15/56, (5-year CMT +
2.52%)(a)
710
705,952
Series B, 6.35%, 08/15/56, (5-year CMT +
2.33%)(a)
525
526,015
Series M, 3.30%, 01/15/28
1,125
1,102,914
Series O, 4.25%, 04/01/29
325
322,244
Series R, 1.65%, 08/15/30
2,030
1,790,668
Exelon Corp.
4.05%, 04/15/30
490
479,396
4.10%, 03/15/52
400
305,425
4.45%, 04/15/46
336
279,282
4.70%, 04/15/50
470
395,931
4.95%, 06/15/35
357
347,728
5.10%, 06/15/45
255
232,807
5.45%, 03/15/34
155
158,582
5.60%, 03/15/53
215
205,860
5.63%, 06/15/35
290
298,634
5.88%, 03/15/55
465
459,129
6.50%, 03/15/55, (5-year CMT + 1.98%)(a)
130
134,476
FirstEnergy Transmission LLC, 5.00%, 01/15/35
1,165
1,151,853
Florida Power & Light Co.
3.15%, 10/01/49
351
236,694
3.70%, 12/01/47
208
156,779
3.95%, 03/01/48
284
223,787
3.99%, 03/01/49
178
139,221
4.05%, 06/01/42
227
190,891
4.05%, 10/01/44
265
217,314
4.13%, 02/01/42
135
115,013
4.13%, 06/01/48
230
184,564
4.63%, 05/15/30
85
85,469
4.80%, 05/15/33
55
55,056
4.95%, 06/01/35
220
218,923
5.25%, 02/01/41
160
157,560
5.63%, 04/01/34
710
741,854
5.65%, 02/01/37
212
222,268
5.69%, 03/01/40
280
287,768
5.95%, 02/01/38
270
287,713
5.96%, 04/01/39
165
174,626
Iberdrola International BV, 6.75%, 07/15/36
1,719
1,934,291
15

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
ITC Holdings Corp.
3.35%, 11/15/27
$724
$713,386
5.30%, 07/01/43
399
368,454
National Grid PLC
5.42%, 01/11/34
2,290
2,334,923
5.60%, 06/12/28
1,170
1,194,161
5.81%, 06/12/33
1,905
1,988,055
National Grid USA, 5.80%, 04/01/35
1,375
1,429,065
NextEra Energy Capital Holdings, Inc.
2.25%, 06/01/30
2,399
2,189,652
2.75%, 11/01/29
1,577
1,494,019
3.50%, 04/01/29
1,125
1,095,886
4.40%, 03/01/31
50
49,425
4.80%, 12/01/77, (3-mo. SOFR US + 2.67%)(a)
125
123,316
4.85%, 02/04/28
40
40,346
4.90%, 02/28/28
135
135,999
4.90%, 03/15/29
85
85,975
5.00%, 02/28/30(c)
145
146,951
5.00%, 07/15/32
165
166,520
5.05%, 03/15/30
50
50,785
5.05%, 02/28/33
135
136,088
5.25%, 03/15/34
140
142,034
5.30%, 03/15/32
55
56,263
5.45%, 03/15/35
50
50,904
5.55%, 03/15/54
35
33,050
5.90%, 03/15/55
505
498,988
6.70%, 09/01/54, (5-year CMT + 2.36%)(a)
50
51,476
6.75%, 06/15/54, (5-year CMT + 2.46%)(a)
30
31,318
NSTAR Electric Co.
1.95%, 08/15/31
634
554,904
3.10%, 06/01/51
280
183,724
3.25%, 05/15/29
145
140,338
3.95%, 04/01/30
675
659,793
4.40%, 03/01/44
405
345,738
4.55%, 06/01/52
335
281,642
4.65%, 05/15/31
100
99,710
4.85%, 03/01/30
50
50,433
4.95%, 09/15/52
35
31,173
5.20%, 03/01/35
100
100,837
5.20%, 05/15/36
100
100,321
5.40%, 06/01/34
95
97,250
5.50%, 03/15/40
365
362,126
NYSEG Storm Funding LLC, Series A-2, 4.87%,
05/01/32
500
503,222
Ohio Edison Co., 6.88%, 07/15/36
175
196,719
Ohio Power Co.
4.00%, 06/01/49
325
245,325
4.15%, 04/01/48
230
179,235
5.00%, 06/01/33
30
29,941
5.65%, 06/01/34
265
274,215
Series Q, 1.63%, 01/15/31
875
762,560
Series R, 2.90%, 10/01/51
660
400,719
Oncor Electric Delivery Co. LLC
2.70%, 11/15/51
1,050
619,371
3.10%, 09/15/49
200
131,009
3.75%, 04/01/45
159
122,681
3.80%, 09/30/47
188
142,346
3.80%, 06/01/49
205
152,284
4.10%, 11/15/48
280
220,546
4.55%, 12/01/41
75
66,716
4.60%, 06/01/52
150
124,043
Security
Par
(000
)
Value
Electric (continued)
4.65%, 11/01/29
$75
$75,381
4.95%, 09/15/52
165
146,083
5.25%, 09/30/40
170
165,073
5.30%, 06/01/42
105
100,880
5.35%, 10/01/52
10
9,305
5.55%, 06/15/54
250
241,026
5.65%, 11/15/33
35
36,585
5.80%, 04/01/55
100
100,171
7.00%, 05/01/32
131
145,401
7.25%, 01/15/33
132
149,481
7.50%, 09/01/38
115
136,150
Pacific Gas and Electric Co.
3.50%, 08/01/50
570
380,211
3.95%, 12/01/47
140
102,735
4.20%, 06/01/41
105
86,211
4.25%, 03/15/46
210
162,733
4.30%, 03/15/45
155
121,668
4.45%, 04/15/42
180
148,880
4.50%, 07/01/40
305
263,215
4.55%, 07/01/30
225
221,980
4.60%, 06/15/43
85
70,444
4.75%, 02/15/44
160
135,270
4.95%, 07/01/50
690
578,535
5.25%, 03/01/52
330
284,646
5.90%, 06/15/32
400
414,293
5.90%, 10/01/54
70
66,162
6.00%, 05/01/56
15
14,394
6.10%, 10/15/55
50
48,448
6.15%, 03/01/55
175
171,353
6.70%, 04/01/53
280
292,057
6.75%, 01/15/53
215
225,527
PECO Energy Co.
2.80%, 06/15/50
134
82,769
2.85%, 09/15/51
525
325,055
3.00%, 09/15/49
260
168,718
3.05%, 03/15/51
40
25,902
3.70%, 09/15/47
381
286,898
3.90%, 03/01/48
309
238,240
4.15%, 10/01/44
282
232,070
5.25%, 09/15/54
50
46,308
5.95%, 10/01/36
30
31,980
PG&E Recovery Funding LLC
Series A-2, 5.23%, 06/01/42
550
546,955
Series A-3, 5.53%, 06/01/51
700
693,013
Potomac Electric Power Co.
4.15%, 03/15/43
400
332,867
5.50%, 03/15/54
315
302,890
6.50%, 11/15/37
460
505,256
PPL Electric Utilities Corp.
3.00%, 10/01/49
195
127,532
3.95%, 06/01/47
24
18,809
4.15%, 10/01/45
60
49,160
4.15%, 06/15/48
180
144,338
4.85%, 02/15/34
70
69,684
5.00%, 05/15/33
185
186,529
5.25%, 05/15/53
445
414,927
5.75%, 05/15/56
2,280
2,286,650
Public Service Co. of New Hampshire
3.60%, 07/01/49
640
465,180
4.40%, 07/01/28
75
75,100
5.15%, 01/15/53
425
389,510
16

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
5.35%, 10/01/33
$100
$102,857
Series V, 2.20%, 06/15/31
470
417,501
Public Service Electric and Gas Co.
2.05%, 08/01/50
305
161,076
2.45%, 01/15/30
25
23,313
2.70%, 05/01/50
122
75,509
3.00%, 03/01/51
75
48,604
3.15%, 01/01/50
240
160,958
3.20%, 08/01/49
370
251,525
3.60%, 12/01/47
310
230,026
3.65%, 09/01/42
105
83,272
3.70%, 05/01/28
5
4,954
3.80%, 01/01/43
105
84,282
3.80%, 03/01/46
55
42,845
3.85%, 05/01/49
275
210,622
3.95%, 05/01/42
100
82,820
4.05%, 05/01/48
340
270,819
5.13%, 03/15/53
455
418,610
5.45%, 03/01/54
40
38,519
5.50%, 03/01/40
160
160,945
5.80%, 05/01/37
210
221,860
Series Q, 5.50%, 03/01/55
55
53,477
Public Service Enterprise Group, Inc.
1.60%, 08/15/30
2,757
2,432,838
2.45%, 11/15/31
890
791,100
5.40%, 03/15/35
120
121,357
5.45%, 04/01/34
640
652,955
6.13%, 10/15/33
410
434,255
San Diego Gas & Electric Co.
3.70%, 03/15/52
65
46,529
4.15%, 05/15/48
230
181,543
4.50%, 08/15/40
152
136,493
6.00%, 06/01/39
75
78,661
Series RRR, 3.75%, 06/01/47
224
168,167
Series TTT, 4.10%, 06/15/49
214
166,012
Series UUU, 3.32%, 04/15/50
207
139,656
Series VVV, 1.70%, 10/01/30
915
811,305
Series WWW, 2.95%, 08/15/51
330
209,270
Sempra
3.25%, 06/15/27
437
431,926
3.40%, 02/01/28
238
233,681
3.80%, 02/01/38
609
515,950
4.00%, 02/01/48
419
317,842
4.13%, 04/01/52, (5-year CMT + 2.87%)(a)
475
469,077
5.25%, 03/15/36
75
74,179
5.50%, 08/01/33
100
102,973
6.00%, 10/15/39
249
255,725
6.55%, 04/01/55, (5-year CMT + 2.14%)(a)
55
55,389
Southern California Edison Co.
2.25%, 06/01/30
120
108,529
2.85%, 08/01/29
145
136,802
3.45%, 02/01/52
190
124,780
3.65%, 02/01/50
443
305,428
4.00%, 04/01/47
457
340,504
4.05%, 03/15/42
184
145,344
4.50%, 09/01/40
120
103,106
4.65%, 10/01/43
176
147,794
4.80%, 03/15/33
75
73,396
5.50%, 03/15/40
174
167,454
5.63%, 02/01/36
127
126,951
5.70%, 03/01/53
95
87,362
Security
Par
(000
)
Value
Electric (continued)
5.75%, 04/15/54
$310
$287,235
5.88%, 12/01/53
150
141,877
5.90%, 03/01/55
70
66,430
6.00%, 01/15/34
295
306,408
6.05%, 03/15/39
126
127,817
6.20%, 09/15/55
315
311,033
Series 04-G, 5.75%, 04/01/35
135
136,553
Series 05-E, 5.35%, 07/15/35
95
93,525
Series 06-E, 5.55%, 01/15/37
150
148,952
Series 08-A, 5.95%, 02/01/38
142
143,485
Series 13-A, 3.90%, 03/15/43
165
125,876
Series A, 4.20%, 03/01/29
160
157,967
Series B, 4.88%, 03/01/49
144
120,250
Series C, 3.60%, 02/01/45
95
67,970
Series C, 4.13%, 03/01/48
386
290,364
Series E, 5.45%, 06/01/52
115
102,232
Series H, 3.65%, 06/01/51
40
27,260
Southern Power Co., 5.15%, 09/15/41
25
23,856
Tampa Electric Co.
3.45%, 03/15/51
70
48,933
5.00%, 07/15/52
200
179,390
Toledo Edison Co. (The), 6.15%, 05/15/37
60
64,364
 
100,185,020
Electrical Components & Equipment — 0.1%
ABB Finance USA, Inc.
3.80%, 04/03/28
1,610
1,595,343
4.38%, 05/08/42
3,465
3,055,757
Acuity Brands Lighting, Inc., 2.15%, 12/15/30
1,135
1,015,548
 
5,666,648
Electronics — 0.3%
Allegion PLC, 3.50%, 10/01/29
860
826,516
Allegion U.S. Holding Co., Inc.
3.55%, 10/01/27
580
573,016
5.41%, 07/01/32
670
680,565
5.60%, 05/29/34
575
586,515
Avnet, Inc.
3.00%, 05/15/31
355
321,471
5.50%, 06/01/32
235
238,049
6.25%, 03/15/28
205
210,019
Fortive Corp.
4.30%, 06/15/46
90
73,403
4.75%, 05/15/31
175
174,129
5.25%, 05/15/36
175
174,604
Honeywell International, Inc.
1.75%, 09/01/31
65
56,445
1.95%, 06/01/30
1,040
942,557
2.70%, 08/15/29
1,595
1,512,073
3.81%, 11/21/47
262
201,029
4.50%, 01/15/34
285
279,033
4.75%, 02/01/32
45
45,087
4.95%, 09/01/31
55
55,657
5.00%, 02/15/33
45
45,789
5.00%, 03/01/35
1,455
1,462,316
5.25%, 03/01/54
5
4,766
Hubbell, Inc.
3.15%, 08/15/27
96
94,632
3.50%, 02/15/28
65
63,959
4.80%, 11/15/35
25
24,281
Keysight Technologies, Inc.
3.00%, 10/30/29
523
497,209
17

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electronics (continued)
4.95%, 10/15/34
$150
$148,792
nVent Finance SARL, 5.65%, 05/15/33
100
102,602
Trimble, Inc.
4.90%, 06/15/28
619
620,575
6.10%, 03/15/33
1,550
1,626,434
Tyco Electronics Group SA
3.13%, 08/15/27
795
784,637
4.50%, 02/09/31
25
24,826
4.88%, 02/09/36
35
34,474
7.13%, 10/01/37
135
155,135
Vontier Corp.
2.40%, 04/01/28
485
465,389
2.95%, 04/01/31
255
231,508
 
13,337,492
Engineering & Construction — 0.2%
Jacobs Engineering Group, Inc.
5.90%, 03/01/33
1,340
1,386,590
6.35%, 08/18/28
3,700
3,823,387
Jacobs Solutions, Inc.
4.75%, 03/03/31
2,079
2,054,889
5.38%, 03/03/36
2,005
1,960,576
 
9,225,442
Environmental Control — 0.1%
Republic Services, Inc.
3.05%, 03/01/50
90
60,025
5.70%, 05/15/41
25
25,827
6.20%, 03/01/40
38
41,355
Veralto Corp.
4.85%, 01/15/32
1,910
1,913,156
5.35%, 09/18/28
830
843,969
5.45%, 09/18/33
920
942,715
 
3,827,047
Food — 0.4%
Ahold Finance USA LLC, 6.88%, 05/01/29
240
254,326
Campbell's Company/The
2.38%, 04/24/30
18
16,257
3.13%, 04/24/50
126
76,780
4.15%, 03/15/28
843
834,590
4.75%, 03/23/35
170
156,812
4.80%, 03/15/48
331
267,658
Conagra Brands, Inc.
5.30%, 11/01/38
315
295,849
5.40%, 11/01/48
306
265,265
7.00%, 10/01/28
125
130,974
8.25%, 09/15/30
325
364,881
General Mills, Inc.
2.25%, 10/14/31
855
752,855
2.88%, 04/15/30
641
600,086
3.00%, 02/01/51
250
156,115
4.15%, 02/15/43
240
194,820
4.20%, 04/17/28
918
914,771
4.70%, 04/17/48(c)
120
101,351
4.95%, 03/29/33
275
273,758
5.25%, 01/30/35(c)
215
214,770
5.40%, 06/15/40
230
225,163
Hershey Co.(The)
3.13%, 11/15/49
35
23,544
3.38%, 08/15/46
100
73,067
Hormel Foods Corp., 3.05%, 06/03/51
170
109,771
Security
Par
(000
)
Value
Food (continued)
Ingredion, Inc.
2.90%, 06/01/30
$785
$733,618
3.90%, 06/01/50
214
159,082
J M Smucker Co.(The)
4.25%, 03/15/35
357
332,852
4.38%, 03/15/45
140
116,498
6.20%, 11/15/33
105
111,961
6.50%, 11/15/53(c)
195
210,837
Kellanova
2.10%, 06/01/30
1,015
924,323
3.40%, 11/15/27
963
952,712
4.30%, 05/15/28
854
854,007
4.50%, 04/01/46
2,609
2,238,254
5.25%, 03/01/33
265
270,714
5.75%, 05/16/54
225
221,338
Series B, 7.45%, 04/01/31
1,189
1,332,762
Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40
216
218,199
Kraft Heinz Foods Co.
4.38%, 06/01/46
59
47,233
4.88%, 10/01/49
455
379,586
5.00%, 07/15/35
150
146,222
5.20%, 07/15/45
465
412,604
5.50%, 06/01/50
440
400,185
6.50%, 02/09/40
155
163,974
6.88%, 01/26/39
255
279,663
Kroger Co.(The)
3.95%, 01/15/50
165
123,772
4.65%, 01/15/48
165
139,265
5.15%, 08/01/43
105
97,574
5.40%, 07/15/40
122
119,325
5.40%, 01/15/49
30
28,048
5.50%, 09/15/54
330
309,969
5.65%, 09/15/64
195
183,109
6.90%, 04/15/38
127
143,279
McCormick & Co., Inc./MD
1.85%, 02/15/31
105
92,248
3.40%, 08/15/27
710
701,617
4.20%, 08/15/47
374
295,192
4.95%, 04/15/33
50
49,771
Mondelez International, Inc., 2.63%, 09/04/50
130
78,156
Sysco Corp.
2.40%, 02/15/30
15
13,815
3.25%, 07/15/27
45
44,488
3.30%, 02/15/50
198
132,332
4.45%, 03/15/48
142
115,505
4.50%, 04/01/46
164
135,878
4.85%, 10/01/45
130
113,571
5.38%, 09/21/35
102
101,990
5.95%, 04/01/30
220
228,607
6.60%, 04/01/40
150
162,459
6.60%, 04/01/50
280
298,300
 
20,518,357
Forest Products & Paper — 0.1%
International Paper Co.
4.35%, 08/15/48
180
142,958
4.40%, 08/15/47
281
226,395
4.80%, 06/15/44
146
126,225
5.00%, 09/15/35
1,250
1,231,084
5.15%, 05/15/46
55
49,802
6.00%, 11/15/41
235
238,835
18

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Forest Products & Paper (continued)
7.30%, 11/15/39
$570
$648,774
 
2,664,073
Gas — 0.3%
Atmos Energy Corp.
2.85%, 02/15/52
265
164,422
3.38%, 09/15/49
55
38,323
4.13%, 10/15/44
65
54,281
4.13%, 03/15/49
150
119,534
4.15%, 01/15/43
90
76,196
4.30%, 10/01/48
200
163,627
5.20%, 08/15/35
40
40,651
5.45%, 01/15/56
105
100,994
5.50%, 06/15/41
30
29,971
5.75%, 10/15/52
25
25,016
National Fuel Gas Co.
2.95%, 03/01/31
317
288,844
3.95%, 09/15/27
55
54,518
4.75%, 09/01/28
200
199,847
4.75%, 05/15/29
200
200,125
5.05%, 10/15/31
225
225,105
5.50%, 05/15/36
175
174,606
NiSource, Inc.
4.75%, 05/18/31
175
174,970
5.00%, 06/15/52
330
287,793
5.25%, 02/15/43
130
121,730
5.30%, 05/18/36
80
80,139
5.35%, 04/01/34
325
331,741
5.35%, 07/15/35
355
358,946
5.40%, 06/30/33
100
102,380
5.75%, 07/15/56, (5-year CMT + 2.04%)(a)
125
124,979
5.85%, 04/01/55
980
969,416
5.95%, 06/15/41
255
261,105
6.38%, 03/31/55, (5-year CMT + 2.53%)(a)
455
464,901
6.95%, 11/30/54, (5-year CMT + 2.45%)(a)
450
466,865
ONE Gas, Inc.
2.00%, 05/15/30
1,100
997,091
4.25%, 09/01/32
925
902,733
4.50%, 11/01/48
1,350
1,143,278
4.66%, 02/01/44
175
154,264
5.10%, 04/01/29
25
25,407
Piedmont Natural Gas Co., Inc.
2.50%, 03/15/31
110
99,635
3.35%, 06/01/50
325
221,353
5.05%, 05/15/52
427
381,046
5.10%, 02/15/35
50
49,915
5.40%, 06/15/33
80
81,896
Southern California Gas Co.
3.75%, 09/15/42
200
158,875
5.13%, 11/15/40(c)
215
207,014
5.20%, 06/01/33
100
101,772
5.75%, 06/01/53
100
97,990
Series UU, 4.13%, 06/01/48
225
175,766
Series VV, 4.30%, 01/15/49
175
140,479
Series WW, 3.95%, 02/15/50
327
246,629
Series XX, 2.55%, 02/01/30
95
88,886
Southwest Gas Corp.
3.18%, 08/15/51
1,070
704,328
3.70%, 04/01/28
65
64,047
3.80%, 09/29/46
155
117,697
4.15%, 06/01/49
206
159,407
5.45%, 03/23/28
35
35,530
Security
Par
(000
)
Value
Gas (continued)
5.80%, 12/01/27
$100
$101,860
Spire Missouri, Inc.
3.30%, 06/01/51
620
417,756
Series 2034, 5.15%, 08/15/34
175
176,474
Spire, Inc.
4.60%, 09/01/31
70
69,147
6.25%, 06/01/56, (5-year CMT + 2.56%)(a)
220
219,722
6.45%, 06/01/56, (5-year CMT + 2.33%)(a)
260
259,390
Washington Gas Light Co.
3.65%, 09/15/49
214
152,668
Series K, 3.80%, 09/15/46
115
87,673
 
13,540,753
Hand & Machine Tools — 0.0%
Stanley Black & Decker, Inc., 4.85%, 11/15/48
40
33,908
Health Care - Products — 0.2%
Abbott Laboratories, 5.60%, 03/15/66
90
87,613
Agilent Technologies, Inc., 2.75%, 09/15/29
857
811,995
Augusta SpinCo Corp., 5.25%, 03/23/36
10
9,984
Baxter International, Inc.
2.54%, 02/01/32
195
166,711
3.13%, 12/01/51
225
133,060
Danaher Corp.
2.60%, 10/01/50
515
310,068
2.80%, 12/10/51
615
381,430
4.38%, 09/15/45
151
129,461
DH Europe Finance II SARL
3.25%, 11/15/39
410
329,523
3.40%, 11/15/49
547
388,420
Edwards Lifesciences Corp., 4.30%, 06/15/28
2,924
2,915,756
GE HealthCare Technologies, Inc., 6.38%,
11/22/52
315
335,957
Revvity, Inc.
2.25%, 09/15/31
190
166,695
2.55%, 03/15/31
145
130,335
3.30%, 09/15/29
205
196,349
3.63%, 03/15/51
255
179,734
Smith & Nephew PLC
2.03%, 10/14/30
255
227,039
5.40%, 03/20/34
100
101,330
Solventum Corp.
5.60%, 03/23/34
195
199,811
5.90%, 04/30/54
290
286,964
STERIS Irish FinCo UnLtd Co.
2.70%, 03/15/31
2,770
2,523,459
3.75%, 03/15/51
405
291,079
Stryker Corp.
2.90%, 06/15/50
240
153,823
4.10%, 04/01/43
70
58,011
4.38%, 05/15/44
134
113,545
4.63%, 03/15/46
179
156,599
Zimmer Biomet Holdings, Inc.
2.60%, 11/24/31
805
721,665
4.45%, 08/15/45
194
167,352
5.05%, 02/19/30
25
25,336
5.20%, 09/15/34
25
25,021
5.50%, 02/19/35
25
25,517
5.75%, 11/30/39
165
167,123
 
11,916,765
19

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Health Care - Services — 0.7%
Cigna Group(The)
2.40%, 03/15/30
$285
$263,377
3.20%, 03/15/40
240
187,059
3.40%, 03/15/50
549
379,853
3.40%, 03/15/51
345
236,459
3.88%, 10/15/47
416
317,100
4.38%, 10/15/28
811
809,917
4.80%, 08/15/38
568
537,765
4.80%, 07/15/46
270
236,866
4.90%, 12/15/48
635
557,725
5.25%, 02/15/34
325
329,350
5.40%, 03/15/33
205
210,422
5.60%, 02/15/54
290
278,908
6.13%, 11/15/41
244
254,430
Elevance Health, Inc.
2.25%, 05/15/30
60
54,859
2.55%, 03/15/31
165
149,608
2.88%, 09/15/29
205
194,241
3.13%, 05/15/50
178
116,164
3.60%, 03/15/51
250
176,329
3.65%, 12/01/27
375
371,252
3.70%, 09/15/49
240
173,648
4.00%, 09/15/28
175
173,341
4.10%, 03/01/28
340
338,203
4.10%, 05/15/32
345
331,807
4.38%, 12/01/47
311
255,094
4.55%, 03/01/48
105
88,199
4.55%, 05/15/52
130
106,809
4.60%, 09/15/32
175
171,939
4.63%, 05/15/42
312
276,858
4.65%, 01/15/43
275
242,897
4.65%, 08/15/44
122
106,099
4.75%, 02/15/30
175
175,782
4.75%, 02/15/33
465
459,155
4.95%, 11/01/31
260
261,292
5.00%, 01/15/36
175
171,650
5.10%, 01/15/44
201
185,565
5.13%, 02/15/53
130
115,993
5.15%, 06/15/29
230
233,526
5.20%, 02/15/35
590
591,650
5.38%, 06/15/34
335
340,672
5.50%, 10/15/32
470
483,756
5.65%, 06/15/54
140
134,240
5.70%, 02/15/55
180
173,734
5.70%, 09/15/55
235
228,252
5.85%, 01/15/36
230
239,221
5.85%, 11/01/64
275
268,045
5.95%, 12/15/34
195
205,080
6.10%, 10/15/52
55
56,085
6.38%, 06/15/37
59
63,824
HCA, Inc.
2.38%, 07/15/31
80
70,917
3.50%, 07/15/51
539
360,214
3.63%, 03/15/32
47
43,742
4.63%, 03/15/52
307
246,693
5.13%, 06/15/39
244
231,206
5.25%, 06/15/49
384
342,305
5.50%, 06/15/47
424
393,306
5.60%, 04/01/34
125
127,882
5.90%, 06/01/53
240
231,032
5.95%, 09/15/54
120
116,573
Security
Par
(000
)
Value
Health Care - Services (continued)
6.00%, 04/01/54
$300
$293,172
6.10%, 04/01/64
160
157,757
Humana, Inc.
3.13%, 08/15/29
250
239,309
3.95%, 08/15/49
206
148,290
4.63%, 12/01/42
252
211,955
4.80%, 03/15/47
235
194,251
4.88%, 04/01/30
559
560,179
4.95%, 10/01/44
280
242,394
5.38%, 04/15/31
270
274,188
5.50%, 03/15/53
110
98,287
5.55%, 05/01/35
185
185,085
5.75%, 03/01/28
60
61,154
5.75%, 12/01/28
20
20,510
5.75%, 04/15/54
270
249,724
5.88%, 03/01/33
195
200,776
5.95%, 03/15/34
255
263,433
6.00%, 05/01/55
115
110,251
ICON Investments Six DAC
5.85%, 05/08/29
925
941,702
6.00%, 05/08/34
500
510,313
IQVIA, Inc.
5.70%, 05/15/28
205
208,774
6.25%, 02/01/29
2,150
2,225,328
Laboratory Corp. of America Holdings
2.70%, 06/01/31
595
541,586
2.95%, 12/01/29
252
238,669
4.55%, 04/01/32
65
64,047
4.70%, 02/01/45
329
291,814
4.80%, 10/01/34
115
112,389
Quest Diagnostics, Inc.
2.80%, 06/30/31
800
732,270
2.95%, 06/30/30
736
689,851
4.20%, 06/30/29
496
491,233
4.70%, 03/30/45
300
266,371
5.00%, 12/15/34
190
189,014
5.00%, 06/30/36
175
171,839
6.40%, 11/30/33
130
141,119
UnitedHealth Group, Inc.
2.75%, 05/15/40
85
62,813
2.90%, 05/15/50
140
89,394
3.13%, 05/15/60
197
119,356
3.25%, 05/15/51
360
241,589
3.50%, 08/15/39
225
184,767
3.70%, 08/15/49
341
249,905
3.75%, 10/15/47
230
173,149
3.88%, 08/15/59
288
205,325
3.95%, 10/15/42
40
32,787
4.20%, 01/15/47
234
189,153
4.25%, 03/15/43
150
126,994
4.25%, 04/15/47
227
184,530
4.25%, 06/15/48
360
290,746
4.38%, 03/15/42
165
143,467
4.45%, 12/15/48
244
202,407
4.50%, 04/15/33
25
24,440
4.63%, 07/15/35
366
355,603
4.63%, 11/15/41
161
144,794
4.75%, 07/15/45
237
210,274
4.75%, 05/15/52
255
218,945
4.95%, 05/15/62
235
200,504
5.00%, 04/15/34
705
706,175
20

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Health Care - Services (continued)
5.20%, 04/15/63
$330
$293,532
5.38%, 04/15/54
255
238,960
5.50%, 04/15/64
205
191,855
5.63%, 07/15/54
565
547,914
5.70%, 10/15/40
30
30,572
5.80%, 03/15/36
265
278,919
5.88%, 02/15/53
190
190,771
5.95%, 02/15/41
135
140,049
6.05%, 02/15/63
180
182,490
6.50%, 06/15/37
150
165,426
6.63%, 11/15/37
185
205,803
6.88%, 02/15/38
195
221,777
 
32,850,189
Holding Companies - Diversified — 0.1%
HA Sustainable Infrastructure Capital, Inc.
6.15%, 01/15/31(c)
295
303,600
6.38%, 07/01/34
855
876,185
6.75%, 07/15/35
1,405
1,465,586
North Haven Private Income Fund LLC, 5.75%,
02/01/30
835
819,610
 
3,464,981
Home Builders — 0.0%
PulteGroup, Inc.
6.00%, 02/15/35
100
104,482
6.38%, 05/15/33
115
123,296
7.88%, 06/15/32
25
28,808
Sekisui House U.S., Inc.
2.50%, 01/15/31
95
83,698
3.97%, 08/06/61
125
82,351
6.00%, 01/15/43
155
141,813
 
564,448
Home Furnishings — 0.0%
Leggett & Platt, Inc.
3.50%, 11/15/27
107
104,784
3.50%, 11/15/51
180
111,641
4.40%, 03/15/29
270
263,306
 
479,731
Household Products & Wares — 0.3%
Avery Dennison Corp.
2.25%, 02/15/32
365
318,181
2.65%, 04/30/30
145
133,927
5.75%, 03/15/33
345
357,894
Church & Dwight Co., Inc.
2.30%, 12/15/31
1,065
940,944
3.95%, 08/01/47
45
35,327
5.00%, 06/15/52
665
606,972
5.60%, 11/15/32
100
104,724
Clorox Co.(The)
1.80%, 05/15/30
1,955
1,754,415
3.10%, 10/01/27
986
969,823
3.90%, 05/15/28
574
568,651
4.40%, 05/01/29
1,095
1,089,507
4.60%, 05/01/32
595
586,252
4.70%, 05/15/31
125
124,308
4.95%, 05/15/33
125
124,455
5.25%, 05/15/36
125
125,022
Kimberly-Clark Corp.
2.00%, 11/02/31(c)
115
101,496
2.88%, 02/07/50
210
136,471
3.10%, 03/26/30
943
898,183
Security
Par
(000
)
Value
Household Products & Wares (continued)
3.20%, 04/25/29
$605
$586,246
3.20%, 07/30/46
270
190,660
3.90%, 05/04/47
235
183,556
3.95%, 11/01/28
375
372,239
4.50%, 02/16/33
165
164,276
5.30%, 03/01/41
155
156,302
6.63%, 08/01/37
1,425
1,625,113
 
12,254,944
Insurance — 0.9%
ACE Capital Trust II, Series N, 9.70%, 04/01/30
157
182,958
Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US +
3.97%)(a)
1,995
1,998,603
Aflac, Inc.
3.60%, 04/01/30
274
264,968
4.00%, 10/15/46
30
23,618
4.75%, 01/15/49
72
62,545
Allstate Corp.(The)
5.35%, 06/01/33
28
28,699
5.55%, 05/09/35
85
87,778
6.50%, 05/15/67, (3-mo. SOFR US + 2.38%)(a)
245
249,988
American International Group, Inc.
4.50%, 07/16/44
215
186,537
4.75%, 04/01/48
371
326,330
Aon Corp.
3.75%, 05/02/29
15
14,687
4.50%, 12/15/28
114
113,961
6.25%, 09/30/40
175
187,861
Aon Global Ltd., 4.75%, 05/15/45
162
142,409
Aon North America, Inc., 5.75%, 03/01/54
125
122,355
Arch Capital Finance LLC, 5.03%, 12/15/46
161
147,334
Arch Capital Group Ltd.
3.64%, 06/30/50
135
98,827
7.35%, 05/01/34
25
28,402
Arch Capital Group U.S., Inc., 5.14%, 11/01/43
105
98,656
Assurant, Inc.
2.65%, 01/15/32
1,450
1,275,829
3.70%, 02/22/30
1,234
1,183,870
4.90%, 03/27/28
294
294,833
5.55%, 02/15/36
770
766,563
AXA SA, 8.60%, 12/15/30
2,580
2,962,315
Brown & Brown, Inc., 4.50%, 03/15/29
65
64,644
Chubb INA Holdings LLC
3.05%, 12/15/61
100
61,102
4.15%, 03/13/43
15
12,733
4.35%, 11/03/45
150
128,931
6.00%, 05/11/37
30
31,976
6.70%, 05/15/36
125
139,954
Series 1, 6.50%, 05/15/38
15
16,739
CNO Financial Group, Inc.
5.25%, 05/30/29
416
418,763
6.45%, 06/15/34
210
219,062
Equitable Holdings, Inc.
4.35%, 04/20/28
620
617,445
5.00%, 04/20/48
160
140,065
6.70%, 03/28/55, (5-year CMT + 2.39%)(a)
75
77,120
Everest Reinsurance Holdings, Inc.
3.13%, 10/15/52
130
81,009
4.87%, 06/01/44
65
56,165
Hartford Insurance Group, Inc.
2.80%, 08/19/29
2,505
2,373,255
3.60%, 08/19/49
414
299,688
21

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Insurance (continued)
4.30%, 04/15/43
$195
$164,527
4.40%, 03/15/48
186
155,238
5.95%, 10/15/36
753
796,485
6.10%, 10/01/41
250
262,577
Manulife Financial Corp.
3.70%, 03/16/32
2,645
2,511,667
4.99%, 12/11/35
1,315
1,295,676
5.38%, 03/04/46
300
290,413
Markel Group, Inc.
3.35%, 09/17/29
125
120,308
4.15%, 09/17/50
85
64,678
5.00%, 05/20/49
75
65,507
6.00%, 05/16/54
45
44,940
Marsh & McLennan Companies, Inc.
4.20%, 03/01/48
230
184,689
4.35%, 01/30/47
272
224,637
4.38%, 03/15/29
292
291,555
4.55%, 11/08/27
65
65,257
4.65%, 03/15/30
125
125,175
4.75%, 03/15/39
100
94,214
4.85%, 11/15/31
125
125,903
4.90%, 03/15/49
357
317,180
4.95%, 03/15/36
50
49,250
5.00%, 03/15/35
380
376,998
5.35%, 11/15/44
75
72,052
5.40%, 03/15/55
430
408,439
5.45%, 03/15/53
35
33,278
5.45%, 03/15/54
55
52,478
5.70%, 09/15/53
15
14,832
5.88%, 08/01/33
420
448,047
MetLife, Inc.
4.05%, 03/01/45
293
240,242
4.13%, 08/13/42
75
62,989
4.55%, 03/23/30
456
458,593
4.60%, 05/13/46
180
157,664
4.72%, 12/15/44
262
231,389
4.88%, 11/13/43
172
157,998
5.25%, 01/15/54(c)
65
61,145
5.30%, 12/15/34
330
337,842
5.38%, 07/15/33
185
191,555
5.70%, 06/15/35
125
130,784
5.85%, 03/15/56, (5-year CMT + 1.82%)(a)
10
9,890
5.88%, 02/06/41
155
160,485
6.38%, 06/15/34
20
21,769
6.40%, 12/15/66
507
519,455
6.50%, 12/15/32
40
43,854
10.75%, 08/01/69
290
374,251
Series G, 6.35%, 03/15/55, (5-year CMT +
2.08%)(a)
125
128,284
Pinnacle Financial Partners, Inc., 5.30%, 01/15/37
1,200
1,200,538
Principal Financial Group, Inc.
3.70%, 05/15/29
172
168,100
4.30%, 11/15/46
219
179,748
4.35%, 05/15/43
151
127,613
4.63%, 09/15/42
179
157,394
6.05%, 10/15/36
104
111,043
Progressive Corp.(The)
3.00%, 03/15/32
1,070
979,081
3.20%, 03/26/30
885
845,772
3.70%, 01/26/45
194
149,334
3.70%, 03/15/52
5
3,669
Security
Par
(000
)
Value
Insurance (continued)
3.95%, 03/26/50
$150
$115,645
4.00%, 03/01/29
244
242,440
4.13%, 04/15/47
150
120,670
4.20%, 03/15/48
218
177,386
4.35%, 04/25/44
145
122,434
4.60%, 03/26/31
30
30,018
4.95%, 06/15/33
1,035
1,044,433
5.15%, 03/26/36
30
29,988
6.25%, 12/01/32
105
113,912
Prudential Financial, Inc.
2.10%, 03/10/30
95
87,476
3.00%, 03/10/40
5
3,817
3.70%, 10/01/50, (5-year CMT + 3.04%)(a)
185
169,969
3.70%, 03/13/51
530
386,045
3.88%, 03/27/28
89
88,367
3.91%, 12/07/47
160
122,191
3.94%, 12/07/49
280
212,958
4.35%, 02/25/50
265
215,161
4.42%, 03/27/48
273
224,083
4.50%, 09/15/47, (3-mo. SOFR US + 2.64%)(a)
250
245,281
4.60%, 05/15/44
212
184,365
5.13%, 03/01/52, (5-year CMT + 3.16%)(a)
190
185,980
5.20%, 03/14/35
700
703,895
5.70%, 12/14/36
215
223,197
5.70%, 09/15/48, (3-mo. SOFR US + 2.93%)(a)
155
154,998
5.75%, 07/15/33
155
164,325
6.00%, 09/01/52, (5-year CMT + 3.23%)(a)
140
142,693
6.50%, 03/15/54, (5-year CMT + 2.40%)(a)
95
97,797
6.63%, 12/01/37
125
138,770
6.63%, 06/21/40
177
195,402
6.75%, 03/01/53, (5-year CMT + 2.85%)(a)
110
116,009
Prudential Funding Asia PLC
3.13%, 04/14/30
220
209,081
3.63%, 03/24/32
330
310,544
Selective Insurance Group, Inc.
5.38%, 03/01/49
100
91,438
5.90%, 04/15/35
185
191,972
Stewart Information Services Corp., 3.60%,
11/15/31
515
460,256
Travelers Companies, Inc.(The)
2.55%, 04/27/50
115
68,699
3.75%, 05/15/46
163
126,103
4.00%, 05/30/47
192
152,621
4.05%, 03/07/48
185
147,872
4.10%, 03/04/49
130
103,882
4.30%, 08/25/45
200
167,387
4.60%, 08/01/43
127
113,072
5.35%, 11/01/40
335
332,822
6.25%, 06/15/37
397
433,263
6.75%, 06/20/36
189
213,410
Travelers Property Casualty Corp., 6.38%,
03/15/33
235
259,632
Unum Group
4.00%, 06/15/29
45
44,214
4.13%, 06/15/51
40
30,000
4.50%, 12/15/49
80
64,490
5.75%, 08/15/42
105
104,003
Willis North America, Inc.
2.95%, 09/15/29
75
71,167
3.88%, 09/15/49
188
140,100
4.50%, 09/15/28
224
223,646
22

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Insurance (continued)
4.55%, 03/15/31
$175
$172,466
5.05%, 09/15/48
163
144,008
5.15%, 03/15/36
115
112,639
5.35%, 05/15/33
50
50,652
5.90%, 03/05/54
245
243,016
XL Group Ltd., 5.25%, 12/15/43
1,079
1,004,001
 
43,301,219
Internet — 0.2%
Alibaba Group Holding Ltd.
2.70%, 02/09/41
10
7,478
3.15%, 02/09/51
60
41,051
3.25%, 02/09/61
515
333,609
4.20%, 12/06/47
10
8,331
4.40%, 12/06/57
5
4,142
5.63%, 11/26/54
10
10,099
Alphabet, Inc.
2.25%, 08/15/60
5
2,525
5.30%, 05/15/65
30
27,765
5.45%, 11/15/55
10
9,649
5.65%, 02/15/56
105
104,217
5.70%, 11/15/75
400
389,983
5.75%, 02/15/66
130
128,965
Amazon.com, Inc.
2.50%, 06/03/50
630
370,327
2.70%, 06/03/60
1,074
594,267
3.10%, 05/12/51
575
377,732
3.25%, 05/12/61
445
277,555
3.95%, 04/13/52
250
192,561
4.10%, 04/13/62
300
223,892
4.25%, 08/22/57
526
413,056
6.05%, 03/13/76
765
771,113
Baidu, Inc., 2.38%, 10/09/30
200
183,883
eBay, Inc.
3.65%, 05/10/51
455
331,341
4.00%, 07/15/42
242
194,401
4.25%, 03/06/29
25
24,767
5.13%, 11/06/35
50
49,316
JD.com, Inc., 4.13%, 01/14/50
200
163,418
MercadoLibre, Inc.
3.13%, 01/14/31
295
270,562
4.90%, 01/15/33
105
102,312
Meta Platforms, Inc.
4.65%, 08/15/62
200
154,245
5.55%, 08/15/64
1,000
889,396
5.63%, 11/15/55
560
515,843
5.75%, 05/15/63
270
247,636
5.75%, 11/15/65
1,030
942,325
6.30%, 05/15/56
1,000
1,008,090
6.45%, 05/15/66
1,500
1,509,321
Uber Technologies, Inc.
4.80%, 09/15/35
135
131,427
5.35%, 09/15/54
125
116,426
VeriSign, Inc., 2.70%, 06/15/31
90
81,406
 
11,204,432
Iron & Steel — 0.0%
Nucor Corp.
2.98%, 12/15/55
350
217,647
4.40%, 05/01/48
155
130,548
4.65%, 06/01/30
125
125,639
5.10%, 06/01/35
125
126,206
Security
Par
(000
)
Value
Iron & Steel (continued)
5.20%, 08/01/43
$167
$161,281
6.40%, 12/01/37
35
38,875
Steel Dynamics, Inc.
3.25%, 10/15/50
75
49,891
3.45%, 04/15/30
250
239,457
4.00%, 12/15/28
150
148,211
5.25%, 05/15/35
85
85,513
5.38%, 08/15/34
25
25,426
5.75%, 05/15/55
55
54,400
 
1,403,094
Leisure Time — 0.0%
Harley-Davidson, Inc., 4.63%, 07/28/45
835
665,651
Lodging — 0.0%
Choice Hotels International, Inc.
3.70%, 12/01/29
100
95,954
3.70%, 01/15/31
197
185,688
5.85%, 08/01/34
210
212,683
Sands China Ltd.
2.85%, 03/08/29
410
389,707
3.25%, 08/08/31
330
303,099
4.38%, 06/18/30
65
63,509
5.40%, 08/08/28
70
70,831
 
1,321,471
Machinery — 0.5%
AGCO Corp., 5.80%, 03/21/34
455
467,708
Caterpillar, Inc.
2.60%, 09/19/29
241
228,158
3.25%, 09/19/49
231
162,527
3.25%, 04/09/50
222
155,757
4.30%, 05/15/44
110
95,183
4.75%, 05/15/64
222
194,233
5.20%, 05/15/35
75
76,610
5.20%, 05/27/41
332
332,109
5.30%, 09/15/35
149
155,243
6.05%, 08/15/36
251
274,078
CNH Industrial Capital LLC
4.38%, 03/07/31
320
313,745
4.50%, 10/08/27
275
275,077
4.50%, 10/16/30
1,215
1,199,820
4.55%, 04/10/28
690
689,370
4.75%, 03/21/28
1,190
1,193,823
5.10%, 04/20/29
1,600
1,618,194
5.50%, 01/12/29
1,405
1,434,242
CNH Industrial NV, 3.85%, 11/15/27
1,447
1,434,472
Deere & Co.
3.10%, 04/15/30
160
152,501
3.75%, 04/15/50
220
168,816
5.38%, 10/16/29
120
124,166
5.45%, 01/16/35
50
51,883
5.70%, 01/19/55
290
297,604
7.13%, 03/03/31
145
160,637
Dover Corp., 5.38%, 03/01/41
30
29,879
Flowserve Corp., 3.50%, 10/01/30
150
141,605
IDEX Corp., 2.63%, 06/15/31
60
54,334
John Deere Capital Corp.
2.45%, 01/09/30
130
121,651
2.80%, 09/08/27
115
113,208
2.80%, 07/18/29
155
148,083
3.05%, 01/06/28
225
221,141
4.35%, 09/15/32
195
192,472
23

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Machinery (continued)
4.38%, 10/15/30
$50
$49,770
5.10%, 04/11/34
190
192,882
5.15%, 09/08/33
345
353,832
Series 1, 5.05%, 06/12/34
715
722,887
Series I, 3.90%, 03/09/29
150
148,405
Series I, 4.20%, 03/10/31
100
98,695
Series I, 4.55%, 06/05/30
50
50,184
Oshkosh Corp.
3.10%, 03/01/30
992
933,396
4.60%, 05/15/28
933
932,925
Otis Worldwide Corp., 3.36%, 02/15/50
35
24,209
Rockwell Automation, Inc.
2.80%, 08/15/61
25
14,171
3.50%, 03/01/29
364
356,173
4.20%, 03/01/49
152
123,743
Xylem, Inc./New York
1.95%, 01/30/28
1,758
1,690,911
2.25%, 01/30/31(c)
1,500
1,353,051
5.20%, 06/01/33
2,865
2,907,904
5.45%, 06/01/36
1,160
1,186,444
 
23,417,911
Manufacturing — 0.2%
3M Co.
2.38%, 08/26/29
1,039
974,256
2.88%, 10/15/27
1,705
1,673,940
3.05%, 04/15/30
625
591,924
3.38%, 03/01/29
329
319,864
3.63%, 09/14/28
870
858,725
3.63%, 10/15/47
104
76,903
3.70%, 04/15/50
10
7,386
4.80%, 03/15/30
260
262,288
5.15%, 03/15/35
1,125
1,137,349
5.70%, 03/15/37
340
354,287
Eaton Corp.
3.92%, 09/15/47
80
63,576
4.00%, 11/02/32
105
101,435
4.15%, 03/15/33
70
67,962
4.15%, 11/02/42
125
107,763
4.70%, 08/23/52
105
93,545
Parker-Hannifin Corp.
3.25%, 06/14/29
295
285,007
4.00%, 06/14/49
183
145,437
4.10%, 03/01/47
96
78,225
4.20%, 11/21/34
155
148,443
4.45%, 11/21/44
173
151,363
6.25%, 05/15/38
45
49,276
Pentair Finance SARL
4.50%, 07/01/29
1,045
1,039,068
5.90%, 07/15/32
1,250
1,299,099
Textron, Inc.
3.00%, 06/01/30
71
66,737
3.38%, 03/01/28
45
44,139
3.90%, 09/17/29
117
114,192
 
10,112,189
Media — 0.3%
Charter Communications Operating LLC/Charter
Communications Operating Capital
3.50%, 06/01/41
505
352,271
3.85%, 04/01/61
480
278,207
3.95%, 06/30/62
490
287,272
Security
Par
(000
)
Value
Media (continued)
4.40%, 12/01/61
$1,060
$679,006
5.50%, 04/01/63
825
632,569
5.75%, 04/01/48
15
12,614
6.48%, 10/23/45
500
461,287
6.70%, 12/01/55
345
326,957
6.83%, 10/23/55
575
540,847
Comcast Corp.
2.45%, 08/15/52
262
136,844
2.65%, 08/15/62
280
138,571
2.80%, 01/15/51
183
105,417
2.89%, 11/01/51
452
264,055
2.94%, 11/01/56
897
502,982
2.99%, 11/01/63
919
492,674
3.40%, 07/15/46
175
120,657
3.45%, 02/01/50
365
241,609
3.75%, 04/01/40
310
251,852
3.90%, 03/01/38
215
184,998
3.97%, 11/01/47
403
298,935
4.00%, 08/15/47
224
166,785
4.00%, 03/01/48
388
287,003
4.00%, 11/01/49
451
328,980
4.05%, 11/01/52
419
301,681
4.60%, 10/15/38
415
379,369
4.60%, 08/15/45
186
155,774
4.65%, 07/15/42
264
228,622
4.70%, 10/15/48
215
177,002
4.75%, 03/01/44
334
288,995
4.80%, 05/15/33
50
49,676
4.95%, 10/15/58
290
237,552
5.50%, 05/15/64
190
168,054
5.65%, 06/15/35
93
96,126
6.45%, 03/15/37
260
282,219
6.50%, 11/15/35
313
342,151
6.55%, 07/01/39
95
102,854
6.95%, 08/15/37
200
224,379
FactSet Research Systems, Inc., 3.45%,
03/01/32(c)
360
326,358
Fox Corp.
5.48%, 01/25/39
350
344,028
5.58%, 01/25/49
439
413,638
NBCUniversal Media LLC
4.45%, 01/15/43
445
371,718
6.40%, 04/30/40
130
138,916
Time Warner Cable LLC, 6.75%, 06/15/39
5
4,956
TWDC Enterprises 18 Corp.
3.00%, 07/30/46
265
181,897
3.70%, 12/01/42
100
79,405
4.38%, 08/16/41
170
150,599
Series E, 4.13%, 12/01/41
140
120,014
Walt Disney Co.(The)
3.60%, 01/13/51
680
497,649
3.80%, 05/13/60
730
527,762
4.70%, 03/23/50
291
256,179
6.15%, 03/01/37(c)
135
146,812
6.15%, 02/15/41
49
52,540
7.75%, 12/01/45
45
56,011
 
13,795,328
24

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Metal Fabricate & Hardware — 0.0%
Valmont Industries, Inc.
5.00%, 10/01/44
$209
$189,651
5.25%, 10/01/54
130
120,010
 
309,661
Mining — 0.0%
BHP Billiton Finance USA Ltd., 5.50%, 09/08/53
5
4,918
Newmont Corp.
2.60%, 07/15/32
40
36,095
4.88%, 03/15/42
237
222,971
5.45%, 06/09/44
240
233,223
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51
30
18,424
5.20%, 11/02/40
320
314,878
Rio Tinto Finance USA PLC
4.75%, 03/22/42
135
124,421
5.00%, 03/09/33
115
116,352
5.13%, 03/09/53
235
217,461
5.75%, 03/14/55
45
45,466
Southern Copper Corp., 5.25%, 11/08/42
35
33,288
Yamana Gold, Inc., 2.63%, 08/15/31
80
71,301
 
1,438,798
Oil & Gas — 0.7%
Antero Resources Corp., 5.40%, 02/01/36
10
9,882
APA Corp., 6.75%, 02/15/55
5
5,253
BP Capital Markets America, Inc.
2.77%, 11/10/50
392
242,071
2.94%, 06/04/51
400
254,271
3.00%, 02/24/50
435
284,181
3.00%, 03/17/52
255
162,954
3.38%, 02/08/61
690
447,320
Burlington Resources LLC
5.95%, 10/15/36
145
154,884
7.20%, 08/15/31
192
213,389
ConocoPhillips, 5.90%, 05/15/38
420
444,953
ConocoPhillips Co.
4.03%, 03/15/62
455
332,684
4.30%, 11/15/44
254
214,352
4.85%, 01/15/32
170
171,720
5.05%, 09/15/33
80
81,179
5.30%, 05/15/53
25
23,356
5.50%, 01/15/55
250
240,110
5.55%, 03/15/54
195
188,935
5.65%, 01/15/65
250
241,538
5.70%, 09/15/63
150
145,951
5.90%, 10/15/32
237
253,724
5.95%, 03/15/46
125
128,116
6.50%, 02/01/39
295
326,600
6.95%, 04/15/29
245
261,769
Devon Energy Corp.
4.75%, 05/15/42
144
128,834
5.00%, 06/15/45
162
145,586
5.60%, 07/15/41
290
286,673
5.75%, 09/15/54
20
19,319
7.88%, 09/30/31
45
51,561
7.95%, 04/15/32
55
63,226
Diamondback Energy, Inc.
3.50%, 12/01/29
448
434,518
5.40%, 04/18/34
220
224,965
5.55%, 04/01/35
70
72,160
5.75%, 04/18/54
60
58,973
Security
Par
(000
)
Value
Oil & Gas (continued)
5.90%, 04/18/64
$355
$351,781
6.25%, 03/15/53
150
155,827
Eni USA, Inc., 7.30%, 11/15/27
310
322,140
EOG Resources, Inc.
3.90%, 04/01/35
155
142,895
4.38%, 04/15/30
65
64,655
4.95%, 04/15/50
227
202,987
EQT Corp.
3.90%, 10/01/27
45
44,698
5.00%, 01/15/29
155
156,224
5.75%, 02/01/34
330
340,842
7.00%, 02/01/30
345
367,840
Equinor ASA
2.38%, 05/22/30
305
281,969
3.13%, 04/06/30
380
362,803
3.25%, 11/18/49
165
114,726
3.63%, 09/10/28
594
587,061
3.70%, 04/06/50
405
304,656
3.95%, 05/15/43
112
92,688
4.25%, 06/02/28
85
85,098
4.25%, 11/23/41
192
167,411
4.50%, 09/03/30
25
24,995
4.75%, 11/14/35
25
24,559
4.80%, 11/08/43
150
138,359
5.10%, 08/17/40
300
293,923
5.13%, 06/03/35
475
482,938
7.25%, 09/23/27
990
1,029,485
Hess Corp.
5.60%, 02/15/41
254
259,584
6.00%, 01/15/40
130
137,497
7.13%, 03/15/33
540
612,326
7.30%, 08/15/31
483
541,850
7.88%, 10/01/29
260
287,584
Marathon Petroleum Corp.
3.80%, 04/01/28
5
4,938
4.75%, 09/15/44
11
9,585
5.00%, 09/15/54(c)
136
116,132
6.50%, 03/01/41
208
223,622
Occidental Petroleum Corp.
4.40%, 04/15/46
240
197,969
6.05%, 10/01/54
110
111,237
6.20%, 03/15/40
195
204,731
6.45%, 09/15/36
365
396,666
6.60%, 03/15/46
275
294,577
6.63%, 09/01/30
37
39,453
7.50%, 05/01/31
175
195,028
7.88%, 09/15/31
120
136,432
7.95%, 06/15/39
95
113,929
Ovintiv, Inc.
6.25%, 07/15/33
295
312,816
6.50%, 08/15/34
330
354,853
6.50%, 02/01/38
197
208,958
6.63%, 08/15/37
140
150,134
7.10%, 07/15/53
10
11,095
7.20%, 11/01/31
405
445,643
7.38%, 11/01/31
787
873,947
8.13%, 09/15/30
190
212,765
Phillips 66
3.30%, 03/15/52
160
105,149
4.88%, 11/15/44
475
421,835
5.88%, 05/01/42
147
148,044
25

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Oil & Gas (continued)
Phillips 66 Co.
3.90%, 03/15/28
$40
$39,635
4.65%, 11/15/34
254
246,760
4.95%, 03/15/35
135
134,001
5.30%, 06/30/33
395
401,943
5.50%, 03/15/55
175
162,647
5.65%, 06/15/54
160
151,318
Shell Finance U.S., Inc.
3.00%, 11/26/51(b)
575
372,796
3.25%, 04/06/50
130
90,138
6.38%, 12/15/38(b)
450
494,210
Shell International Finance BV
4.13%, 05/11/35(c)
5
4,916
6.38%, 12/15/38(c)
5
5,506
TotalEnergies Capital International SA
2.83%, 01/10/30
165
156,208
2.99%, 06/29/41
65
48,693
3.13%, 05/29/50
538
361,842
3.39%, 06/29/60
540
352,343
3.46%, 02/19/29
75
73,471
3.46%, 07/12/49
295
211,233
TotalEnergies Capital SA
3.88%, 10/11/28
135
134,062
5.15%, 04/05/34
220
224,123
5.28%, 09/10/54
15
14,129
5.43%, 09/10/64
160
150,699
5.49%, 04/05/54
320
310,298
5.64%, 04/05/64
405
392,981
Valero Energy Corp.
3.65%, 12/01/51
415
289,215
4.00%, 04/01/29
105
103,349
4.90%, 03/15/45
101
89,119
6.63%, 06/15/37
445
490,698
7.50%, 04/15/32
276
313,908
Woodside Finance Ltd.
5.10%, 09/12/34
1,345
1,332,632
5.70%, 05/19/32
375
387,999
5.70%, 09/12/54
170
162,763
6.00%, 05/19/35
4,235
4,424,573
 
31,712,154
Oil & Gas Services — 0.1%
Baker Hughes Holdings LLC, 5.13%, 09/15/40
446
430,032
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor, Inc.
3.14%, 11/07/29
647
620,052
3.34%, 12/15/27
2,406
2,372,929
5.85%, 06/15/56
415
413,990
NOV, Inc.
3.60%, 12/01/29
531
513,984
3.95%, 12/01/42
175
140,528
 
4,491,515
Packaging & Containers — 0.0%
Amcor Finance USA, Inc.
4.50%, 05/15/28
351
350,874
5.63%, 05/26/33
300
309,070
Amcor Flexibles North America, Inc.
2.63%, 06/19/30
195
179,564
2.69%, 05/25/31
40
36,243
5.13%, 03/12/36
25
24,499
Berry Global, Inc., 5.65%, 01/15/34
370
378,096
Security
Par
(000
)
Value
Packaging & Containers (continued)
Smurfit Kappa Treasury ULC, 5.44%, 04/03/34
$400
$406,036
Sonoco Products Co., 5.75%, 11/01/40
55
55,255
WestRock MWV LLC, 8.20%, 01/15/30
5
5,569
WRKCo, Inc.
3.00%, 06/15/33
190
167,386
4.20%, 06/01/32
70
67,179
 
1,979,771
Pharmaceuticals — 1.0%
AbbVie, Inc.
4.05%, 11/21/39
753
663,828
4.25%, 11/21/49
964
788,109
4.30%, 05/14/36
638
603,522
4.40%, 11/06/42
517
455,475
4.45%, 05/14/46
335
287,769
4.50%, 05/14/35
835
806,303
4.63%, 10/01/42
242
218,576
4.70%, 05/14/45
373
333,177
4.75%, 03/15/36
270
264,825
4.88%, 11/14/48
443
398,305
5.40%, 03/15/54
445
427,401
5.50%, 03/15/64
380
365,784
5.55%, 03/15/56
125
122,863
5.60%, 03/15/55
335
331,070
5.65%, 03/15/66
360
354,077
Astrazeneca Finance LLC
4.88%, 03/03/28
55
55,643
4.88%, 03/03/33
280
284,043
4.90%, 03/03/30
105
106,715
5.00%, 02/26/34
145
146,835
AstraZeneca PLC
4.00%, 01/17/29
159
157,972
4.00%, 09/18/42
339
287,699
4.38%, 11/16/45
110
95,806
4.38%, 08/17/48
109
93,660
6.45%, 09/15/37
830
926,627
Bristol-Myers Squibb Co.
2.55%, 11/13/50
180
105,845
3.25%, 08/01/42
273
206,633
3.70%, 03/15/52
350
255,203
3.90%, 03/15/62
495
354,223
4.25%, 10/26/49
593
480,875
4.35%, 11/15/47
463
385,731
4.50%, 03/01/44
120
104,640
4.55%, 02/20/48
315
269,612
5.00%, 08/15/45
305
282,915
5.55%, 02/22/54
745
725,461
5.65%, 02/22/64(c)
40
39,351
6.25%, 11/15/53
65
69,120
6.40%, 11/15/63
60
65,660
Cardinal Health, Inc.
3.41%, 06/15/27
160
158,519
4.37%, 06/15/47
222
181,980
4.50%, 09/15/30
100
99,129
4.50%, 11/15/44
71
59,772
4.60%, 03/15/43
105
90,944
4.90%, 09/15/45
80
70,828
5.00%, 11/15/29
270
273,187
5.13%, 02/15/29
245
248,617
5.15%, 09/15/35
305
303,518
5.35%, 11/15/34
870
879,714
5.45%, 02/15/34
285
291,106
26

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pharmaceuticals (continued)
5.75%, 11/15/54
$70
$68,864
Cencora, Inc.
3.45%, 12/15/27
15
14,795
3.95%, 02/13/29
150
147,791
4.25%, 11/15/30
55
53,999
4.25%, 03/01/45
267
221,254
4.30%, 12/15/47
334
275,202
4.60%, 02/13/33
85
83,369
4.90%, 02/13/36
270
263,371
5.13%, 02/15/34
540
541,881
5.65%, 02/13/56
115
112,526
CVS Health Corp.
4.25%, 04/01/50
378
292,967
5.05%, 03/25/48
996
874,144
5.13%, 07/20/45
550
493,888
5.63%, 02/21/53
430
402,064
5.88%, 06/01/53
125
120,872
6.00%, 06/01/63
350
339,705
Eli Lilly & Co.
2.50%, 09/15/60
605
326,276
3.38%, 03/15/29
40
39,104
3.70%, 03/01/45
185
145,408
3.95%, 03/15/49
210
166,581
4.15%, 05/20/29
70
69,895
4.15%, 03/15/59
480
373,999
4.38%, 05/20/31
125
124,397
4.70%, 02/27/33
105
105,628
4.85%, 05/20/36
75
74,450
4.88%, 02/27/53
120
108,670
4.95%, 02/27/63
155
137,898
5.00%, 02/09/54
70
64,365
5.05%, 08/14/54
195
180,408
5.10%, 02/09/64
245
222,976
5.20%, 08/14/64
185
171,090
5.50%, 02/12/55
105
104,022
5.55%, 03/15/37
245
257,937
5.60%, 02/12/65
95
93,048
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29
5
4,869
GlaxoSmithKline Capital, Inc.
3.88%, 05/15/28
90
89,494
4.20%, 03/18/43
120
103,637
4.88%, 04/15/35
125
124,299
6.38%, 05/15/38
476
525,838
McKesson Corp.
4.25%, 09/15/29
75
74,519
4.65%, 05/30/30
50
50,134
4.95%, 05/30/32
50
50,602
5.10%, 07/15/33
535
543,692
5.25%, 05/30/35
50
50,921
Mead Johnson Nutrition Co., 4.60%, 06/01/44
207
179,935
Merck & Co., Inc.
2.45%, 06/24/50
125
72,967
2.75%, 12/10/51
530
324,077
2.90%, 12/10/61
700
404,737
3.60%, 09/15/42
180
143,513
3.70%, 02/10/45
455
356,431
3.90%, 03/07/39
145
127,794
4.00%, 03/07/49
456
360,791
4.15%, 05/18/43
385
326,552
4.50%, 05/17/33
320
317,571
5.00%, 05/17/53
55
49,847
Security
Par
(000
)
Value
Pharmaceuticals (continued)
5.15%, 05/17/63
$285
$258,252
6.50%, 12/01/33
50
55,428
6.55%, 09/15/37
30
33,658
Merck Sharp & Dohme Corp., 5.75%, 11/15/36
212
224,251
Novartis Capital Corp.
2.75%, 08/14/50
430
272,062
3.70%, 09/21/42
105
85,885
4.00%, 11/20/45
140
115,667
4.10%, 03/16/29
245
243,619
4.20%, 09/18/34
1,455
1,401,813
4.30%, 11/05/32
255
250,011
4.40%, 03/18/31
280
278,652
4.40%, 05/06/44
10
8,792
4.60%, 03/18/33
435
431,901
4.60%, 11/05/35
1,305
1,277,035
4.70%, 09/18/54
620
546,624
4.90%, 03/18/36
430
428,117
5.20%, 11/05/45
90
86,566
5.30%, 11/05/55
135
130,252
5.60%, 03/18/46
235
237,541
5.70%, 03/18/56
150
152,279
Pfizer Investment Enterprises Pte. Ltd.
5.30%, 05/19/53
705
661,387
5.34%, 05/19/63
980
903,423
Pfizer, Inc.
2.70%, 05/28/50
245
151,639
4.00%, 12/15/36
55
50,641
4.00%, 03/15/49
250
197,452
4.10%, 09/15/38
195
176,580
4.13%, 12/15/46
135
110,957
4.20%, 09/15/48
370
302,428
7.20%, 03/15/39
205
239,681
Takeda Pharmaceutical Co. Ltd.
3.18%, 07/09/50
460
304,699
3.38%, 07/09/60
335
212,574
5.00%, 11/26/28
45
45,472
5.65%, 07/05/54
5
4,850
5.80%, 07/05/64
265
258,301
Zoetis, Inc.
2.00%, 05/15/30
760
687,349
3.00%, 09/12/27
2,335
2,297,982
3.00%, 05/15/50
1,175
757,505
3.90%, 08/20/28
126
124,455
3.95%, 09/12/47
470
366,322
4.45%, 08/20/48
1,160
965,645
4.70%, 02/01/43
5,020
4,477,162
5.00%, 08/17/35(c)
150
148,309
5.60%, 11/16/32
1,040
1,082,673
 
46,979,622
Pipelines — 1.6%
Cheniere Corpus Christi Holdings LLC
2.74%, 12/31/39
9,420
7,959,439
3.70%, 11/15/29
1,692
1,642,986
5.13%, 06/30/27
507
509,181
Cheniere Energy Partners LP
3.25%, 01/31/32
275
252,427
4.00%, 03/01/31
335
322,970
5.35%, 11/30/36(b)
80
80,001
5.55%, 10/30/35
25
25,485
5.95%, 06/30/33
206
215,854
6.05%, 11/30/56(b)
35
35,367
27

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pipelines (continued)
Cheniere Energy, Inc.
4.63%, 10/15/28
$13,215
$13,198,829
5.20%, 07/30/36(b)
140
138,097
5.65%, 04/15/34
4,665
4,803,224
6.00%, 07/30/56(b)
70
69,897
Columbia Pipeline Group, Inc., 5.80%, 06/01/45
115
113,825
Enbridge Energy Partners LP
7.38%, 10/15/45
105
121,770
Series B, 7.50%, 04/15/38
285
331,086
Enbridge, Inc.
2.50%, 08/01/33
895
765,173
3.13%, 11/15/29
20
19,070
3.40%, 08/01/51
245
166,957
3.70%, 07/15/27
104
103,275
4.00%, 11/15/49
195
148,813
4.20%, 11/20/28
150
149,001
4.50%, 02/15/31
150
148,299
4.50%, 06/10/44
135
114,697
4.60%, 06/20/28
75
75,201
4.85%, 03/27/31
250
250,910
4.90%, 06/20/30
125
125,887
5.20%, 11/20/35
150
150,025
5.30%, 04/05/29
55
56,063
5.45%, 03/27/36
250
253,574
5.50%, 12/01/46
120
115,392
5.55%, 06/20/35
190
194,552
5.63%, 04/05/34
210
217,268
5.70%, 03/08/33
495
514,447
5.95%, 04/05/54
70
70,492
6.00%, 11/15/28
130
134,436
6.70%, 11/15/53
120
132,241
7.20%, 06/27/54, (5-year CMT + 2.97%)(a)
30
32,042
7.38%, 03/15/55, (5-year CMT + 3.12%)(a)
60
63,440
Energy Transfer LP
5.95%, 05/15/54
15
14,477
6.05%, 09/01/54
40
38,973
6.20%, 04/01/55
15
14,905
Enterprise Products Operating LLC
2.80%, 01/31/30
55
51,843
3.13%, 07/31/29
150
144,335
3.70%, 01/31/51
20
14,684
3.95%, 01/31/60
191
140,171
4.20%, 01/31/50
156
125,927
4.25%, 02/15/48
15
12,285
4.45%, 02/15/43
133
116,147
4.80%, 02/01/49
226
199,234
4.85%, 08/15/42
142
130,640
4.85%, 03/15/44
95
86,825
4.90%, 05/15/46
228
206,002
4.95%, 10/15/54
229
202,536
5.10%, 02/15/45
269
252,065
5.38%, 02/15/78, (3-mo. CME Term SOFR +
2.83%)(a)
310
309,042
5.70%, 02/15/42
118
119,651
5.95%, 02/01/41
158
165,340
6.13%, 10/15/39
130
138,672
6.45%, 09/01/40
119
130,508
7.55%, 04/15/38
94
111,519
Series D, 6.88%, 03/01/33
105
117,219
Series E, 5.25%, 08/16/77, (3-mo. CME Term
SOFR + 3.29%)(a)
95
94,786
Security
Par
(000
)
Value
Pipelines (continued)
Series H, 6.65%, 10/15/34
$15
$16,617
Kinder Morgan Energy Partners LP
4.70%, 11/01/42
53
46,538
5.00%, 08/15/42
155
141,027
5.00%, 03/01/43
170
154,472
5.40%, 09/01/44
169
159,659
5.50%, 03/01/44
211
201,907
5.63%, 09/01/41
110
108,457
5.80%, 03/15/35
305
317,522
6.38%, 03/01/41
144
152,504
6.50%, 02/01/37
127
137,654
6.50%, 09/01/39
198
213,752
6.55%, 09/15/40
139
149,293
6.95%, 01/15/38
245
275,324
7.30%, 08/15/33
352
399,479
7.40%, 03/15/31
55
61,093
7.50%, 11/15/40
121
141,483
7.75%, 03/15/32
135
154,358
Kinder Morgan, Inc.
2.00%, 02/15/31
300
266,229
3.25%, 08/01/50
187
124,140
3.60%, 02/15/51
145
102,226
4.30%, 03/01/28
512
511,895
4.80%, 02/01/33
635
629,932
5.00%, 02/01/29
775
785,019
5.05%, 02/15/46
275
248,505
5.10%, 08/01/29
105
106,625
5.15%, 06/01/30
1,060
1,082,547
5.20%, 06/01/33
740
753,061
5.20%, 03/01/48
284
259,546
5.30%, 12/01/34
735
744,055
5.40%, 02/01/34
410
419,721
5.45%, 08/01/52
50
46,942
5.55%, 06/01/45
326
314,644
5.85%, 06/01/35
1,050
1,101,422
5.95%, 08/01/54
190
190,771
7.75%, 01/15/32
247
282,572
7.80%, 08/01/31
135
153,622
MPLX LP
4.00%, 03/15/28
110
109,145
4.25%, 12/01/27
45
44,876
4.50%, 04/15/38
396
359,887
4.70%, 04/15/48
383
318,859
4.80%, 02/15/29
98
98,516
4.90%, 04/15/58
257
210,145
4.95%, 03/14/52
130
110,133
5.20%, 03/01/47
252
226,889
5.50%, 02/15/49
291
267,530
ONEOK Partners LP
6.13%, 02/01/41
166
169,677
6.20%, 09/15/43
146
148,481
6.65%, 10/01/36
275
299,263
6.85%, 10/15/37
230
252,151
ONEOK, Inc.
3.10%, 03/15/30
315
297,580
3.25%, 06/01/30
190
179,557
3.40%, 09/01/29
120
115,311
3.95%, 03/01/50
165
119,249
4.00%, 07/13/27
464
462,263
4.20%, 10/03/47
125
96,270
4.35%, 03/15/29
175
173,773
28

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pipelines (continued)
4.45%, 09/01/49
$210
$169,685
4.50%, 03/15/50
158
123,694
4.55%, 07/15/28
698
698,312
4.75%, 10/15/31
185
183,748
4.85%, 02/01/49
164
137,573
4.95%, 10/15/32
125
124,603
4.95%, 07/13/47
152
130,643
5.05%, 11/01/34
780
767,046
5.20%, 07/15/48
330
293,030
5.38%, 06/01/29
455
462,752
5.40%, 10/15/35
125
125,444
5.65%, 09/01/34
780
798,470
5.70%, 11/01/54
305
284,388
5.80%, 11/01/30
120
124,457
5.85%, 11/01/64
75
70,394
6.00%, 06/15/35
140
145,565
6.05%, 09/01/33
285
299,582
6.10%, 11/15/32
220
232,297
6.25%, 10/15/55
350
351,361
6.35%, 01/15/31
235
248,689
6.63%, 09/01/53
65
68,287
7.15%, 01/15/51
5
5,510
Sabine Pass Liquefaction LLC
4.20%, 03/15/28
377
375,482
4.50%, 05/15/30
396
393,576
5.90%, 09/15/37
52
54,151
Spectra Energy Partners LP
4.50%, 03/15/45
249
211,506
5.95%, 09/25/43
302
304,046
Targa Resources Corp.
4.20%, 02/01/33
550
523,257
4.35%, 01/15/29
150
149,370
4.35%, 04/15/31
100
97,967
4.90%, 09/15/30
200
201,260
4.95%, 04/15/52
215
184,799
5.40%, 07/30/36
160
160,110
5.50%, 02/15/35
175
177,797
5.55%, 08/15/35
280
284,129
5.65%, 02/15/36
190
194,153
6.05%, 05/15/56
115
114,201
6.13%, 03/15/33
85
89,948
6.13%, 05/15/55
160
160,617
6.50%, 03/30/34
355
385,029
6.50%, 02/15/53
255
268,172
Targa Resources Partners LP/Targa Resources
Partners Finance Corp.
4.00%, 01/15/32
665
632,994
4.88%, 02/01/31
580
579,671
5.50%, 03/01/30
335
339,128
Tennessee Gas Pipeline Co. LLC
7.00%, 10/15/28
25
26,369
7.63%, 04/01/37
120
140,529
Texas Eastern Transmission LP, 7.00%, 07/15/32
352
389,033
TransCanada PipeLines Ltd.
4.10%, 04/15/30
229
224,262
4.25%, 05/15/28
165
164,300
4.63%, 03/01/34
310
300,398
4.88%, 05/15/48
75
66,554
5.10%, 03/15/49
129
120,685
5.60%, 03/31/34
95
97,402
5.85%, 03/15/36
120
125,271
Security
Par
(000
)
Value
Pipelines (continued)
6.10%, 06/01/40
$105
$109,905
6.20%, 10/15/37
319
338,960
7.00%, 06/01/65, (5-year CMT + 2.61%)(a)
20
20,589
7.25%, 08/15/38
209
239,768
7.63%, 01/15/39
220
260,326
Transcontinental Gas Pipe Line Co. LLC
3.95%, 05/15/50
15
11,437
4.00%, 03/15/28
40
39,674
4.45%, 08/01/42
130
113,019
4.60%, 03/15/48
322
272,854
5.40%, 08/15/41
93
89,975
Valero Energy Partners LP, 4.50%, 03/15/28
200
200,000
Western Midstream Operating LP
4.05%, 02/01/30
390
378,857
4.50%, 03/01/28
135
134,826
4.80%, 03/01/31
125
124,168
5.25%, 02/01/50
260
227,082
5.30%, 03/01/48
10
8,713
5.45%, 11/15/34
215
215,237
5.45%, 04/01/44
115
105,102
5.50%, 12/15/35
75
74,706
5.50%, 08/15/48
160
141,751
6.15%, 04/01/33
705
741,603
Williams Companies, Inc.(The)
2.60%, 03/15/31
1,005
911,360
3.50%, 11/15/30
500
475,517
3.75%, 06/15/27
202
201,010
4.63%, 06/30/30
200
199,862
4.65%, 08/15/32
15
14,830
4.80%, 11/15/29
10
10,075
4.85%, 03/01/48
245
212,628
4.90%, 01/15/45
172
152,346
5.10%, 09/15/45
311
284,942
5.15%, 03/15/34
395
395,726
5.15%, 03/15/36
1,330
1,313,506
5.30%, 09/30/35
695
696,000
5.30%, 08/15/52
20
18,284
5.40%, 03/04/44
188
177,843
5.60%, 03/15/35
195
199,663
5.65%, 03/15/33
200
206,866
5.75%, 06/24/44
70
69,095
5.80%, 11/15/43
71
70,254
5.80%, 11/15/54
115
112,354
5.95%, 03/15/56
315
313,314
6.00%, 03/15/55
70
70,107
6.30%, 04/15/40
305
324,000
8.75%, 03/15/32
148
176,033
Series A, 7.50%, 01/15/31
62
69,049
 
75,678,559
Private Equity — 0.0%
Brookfield Finance, Inc., 5.81%, 03/03/55
75
73,112
Real Estate — 0.1%
CBRE Services, Inc.
2.50%, 04/01/31
1,300
1,170,373
4.80%, 06/15/30
100
100,275
4.90%, 01/15/33
125
123,324
5.25%, 06/01/36
175
172,309
5.50%, 04/01/29
170
174,101
5.50%, 06/15/35
355
359,425
5.95%, 08/15/34
445
463,953
29

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Real Estate (continued)
Jones Lang LaSalle, Inc., 6.88%, 12/01/28
$30
$31,496
 
2,595,256
Real Estate Investment Trusts — 1.1%
American Tower Corp.
1.88%, 10/15/30
205
182,186
2.10%, 06/15/30
415
375,647
2.30%, 09/15/31
160
141,476
2.70%, 04/15/31
490
445,997
2.90%, 01/15/30
340
319,918
2.95%, 01/15/51
675
424,076
3.10%, 06/15/50
125
81,426
3.55%, 07/15/27
475
471,139
3.60%, 01/15/28
610
601,787
3.70%, 10/15/49
342
250,153
3.80%, 08/15/29
535
522,823
3.95%, 03/15/29
101
99,376
4.05%, 03/15/32
30
28,826
4.70%, 12/15/32
90
88,763
4.90%, 03/15/30
195
196,745
5.00%, 01/31/30
25
25,293
5.20%, 02/15/29
70
71,112
5.25%, 07/15/28
70
71,020
5.35%, 03/15/35
1,345
1,360,044
5.40%, 01/31/35
1,130
1,146,932
5.45%, 02/15/34
1,195
1,218,858
5.50%, 03/15/28
25
25,415
5.55%, 07/15/33
290
298,697
5.65%, 03/15/33
25
25,915
5.90%, 11/15/33
160
167,942
AvalonBay Communities, Inc.
2.30%, 03/01/30
57
52,605
3.20%, 01/15/28
155
152,257
3.30%, 06/01/29
110
106,321
3.90%, 10/15/46
59
46,190
4.35%, 04/15/48
122
101,046
5.00%, 02/15/33
410
414,098
Boston Properties LP
2.45%, 10/01/33
460
379,173
2.55%, 04/01/32
300
261,335
2.90%, 03/15/30
360
335,661
3.25%, 01/30/31
369
342,627
3.40%, 06/21/29
401
385,344
4.50%, 12/01/28
275
274,169
5.75%, 01/15/35
210
212,196
6.50%, 01/15/34
270
286,019
6.75%, 12/01/27
100
103,062
Brixmor Operating Partnership LP
2.50%, 08/16/31
30
26,765
4.05%, 07/01/30
319
310,311
4.13%, 05/15/29
60
59,217
COPT Defense Properties LP
2.00%, 01/15/29
285
266,655
2.75%, 04/15/31
215
194,877
2.90%, 12/01/33
200
170,233
Crown Castle, Inc.
2.10%, 04/01/31
515
452,681
2.25%, 01/15/31
370
329,516
2.50%, 07/15/31
280
249,158
2.90%, 04/01/41
1,075
784,761
3.10%, 11/15/29
105
99,616
3.25%, 01/15/51
220
144,701
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
3.30%, 07/01/30
$445
$419,962
3.65%, 09/01/27
775
767,758
3.80%, 02/15/28
857
846,783
4.00%, 11/15/49
205
152,752
4.15%, 07/01/50
215
166,307
4.30%, 02/15/29
380
376,718
4.75%, 05/15/47
264
223,005
4.80%, 09/01/28
525
527,750
5.00%, 01/11/28
320
322,425
5.10%, 05/01/33
395
392,301
5.20%, 09/01/34
1,185
1,180,447
5.20%, 02/15/49
251
225,350
5.60%, 06/01/29
225
230,481
5.80%, 03/01/34
75
77,411
Digital Realty Trust LP
3.60%, 07/01/29
3,309
3,213,348
3.70%, 08/15/27
1,584
1,570,547
4.45%, 07/15/28
5,017
5,010,661
5.55%, 01/15/28
2,580
2,622,372
DOC DR LLC
2.63%, 11/01/31
20
17,827
3.95%, 01/15/28
275
272,469
Equinix Asia Financing Corp. Pte. Ltd., 4.40%,
03/15/31
2,055
2,018,515
Equinix Europe 2 Financing Corp. LLC
4.60%, 11/15/30
370
366,489
5.50%, 06/15/34
1,735
1,770,309
Equinix, Inc.
1.55%, 03/15/28
405
385,007
1.80%, 07/15/27
20
19,436
2.00%, 05/15/28
1,255
1,198,227
2.15%, 07/15/30
910
820,989
2.50%, 05/15/31
505
453,318
2.95%, 09/15/51
260
163,307
3.00%, 07/15/50
282
180,357
3.20%, 11/18/29
1,858
1,773,941
3.40%, 02/15/52
225
152,579
3.90%, 04/15/32
220
208,563
Federal Realty OP LP
3.20%, 06/15/29
234
224,392
3.50%, 06/01/30
785
748,599
4.50%, 12/01/44
50
42,982
Healthpeak OP LLC
3.00%, 01/15/30
579
545,863
3.50%, 07/15/29
571
551,598
4.75%, 01/15/33
25
24,510
5.25%, 12/15/32
15
15,145
6.75%, 02/01/41
155
169,024
Highwoods Realty LP
2.60%, 02/01/31
20
17,832
3.05%, 02/15/30
135
125,410
4.20%, 04/15/29
60
58,786
7.65%, 02/01/34
50
55,903
Host Hotels & Resorts LP
5.70%, 07/01/34
40
40,803
Series H, 3.38%, 12/15/29
260
247,305
Series I, 3.50%, 09/15/30
470
443,113
Series J, 2.90%, 12/15/31
55
49,113
Kilroy Realty LP
2.50%, 11/15/32
315
261,075
3.05%, 02/15/30
470
432,688
30

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
Kimco Realty OP LLC
3.70%, 10/01/49
$69
$50,786
4.13%, 12/01/46
152
122,978
4.25%, 04/01/45
80
66,772
4.45%, 09/01/47
115
96,211
Piedmont Operating Partnership LP, 3.15%,
08/15/30
160
146,127
Prologis LP
2.13%, 10/15/50
176
94,124
2.25%, 04/15/30
35
32,224
2.25%, 01/15/32
60
52,808
2.88%, 11/15/29
45
42,694
3.00%, 04/15/50
116
76,212
3.05%, 03/01/50
51
33,884
3.88%, 09/15/28
930
919,791
4.00%, 09/15/28
20
19,836
4.38%, 02/01/29
215
214,885
4.38%, 09/15/48
170
140,483
4.63%, 01/15/33
285
281,993
4.75%, 06/15/33
450
446,694
4.88%, 06/15/28
115
116,208
5.13%, 01/15/34
100
101,050
5.25%, 03/15/54
20
18,864
Regency Centers LP
2.95%, 09/15/29
250
238,149
4.13%, 03/15/28
232
231,010
4.40%, 02/01/47
80
67,186
4.50%, 03/15/33
25
24,365
4.65%, 03/15/49
105
90,006
VICI Properties LP
4.95%, 02/15/30
140
140,015
5.13%, 05/15/32
310
307,873
5.63%, 05/15/52
280
257,126
Welltower OP LLC
2.75%, 01/15/31
205
188,888
2.75%, 01/15/32
475
428,368
2.80%, 06/01/31
205
188,273
3.10%, 01/15/30
300
285,142
3.85%, 06/15/32
335
318,896
4.13%, 03/15/29
205
203,319
4.25%, 04/15/28
410
409,390
4.50%, 07/01/30
50
49,818
4.95%, 09/01/48
208
190,857
5.13%, 07/01/35
50
50,295
6.50%, 03/15/41
210
232,069
Weyerhaeuser Co.
4.00%, 11/15/29
469
459,245
4.00%, 04/15/30
297
289,142
6.95%, 10/01/27
20
20,588
7.38%, 03/15/32
435
486,658
 
55,595,314
Retail — 0.7%
AutoNation, Inc.
2.40%, 08/01/31
140
123,179
3.80%, 11/15/27
212
209,728
3.85%, 03/01/32
70
65,415
4.45%, 01/15/29
100
99,115
4.75%, 06/01/30
135
134,316
5.89%, 03/15/35
830
847,576
Security
Par
(000
)
Value
Retail (continued)
Best Buy Co., Inc.
1.95%, 10/01/30
$2,575
$2,294,036
4.45%, 10/01/28
1,986
1,986,149
Dollar General Corp.
4.13%, 04/03/50
49
37,647
5.20%, 07/05/28
65
65,785
5.45%, 07/05/33
35
35,609
5.50%, 11/01/52
5
4,696
Dollar Tree, Inc., 3.38%, 12/01/51
95
63,041
Ferguson Enterprises, Inc.
4.35%, 03/15/31
50
49,187
5.00%, 10/03/34
995
987,354
Genuine Parts Co., 6.88%, 11/01/33
35
37,879
Home Depot, Inc.(The)
2.70%, 04/15/30
458
430,653
2.80%, 09/14/27
145
142,665
2.95%, 06/15/29
1,545
1,485,771
3.13%, 12/15/49
335
223,627
3.25%, 04/15/32
170
158,516
3.30%, 04/15/40
50
40,155
3.35%, 04/15/50
437
304,099
3.50%, 09/15/56
390
267,542
3.63%, 04/15/52
250
179,703
3.75%, 09/15/28
95
94,135
3.90%, 12/06/28
940
934,346
3.90%, 06/15/47
295
230,053
3.95%, 09/15/30(c)
120
117,935
4.20%, 04/01/43
320
272,164
4.25%, 04/01/46
384
319,863
4.40%, 03/15/45
285
243,171
4.50%, 09/15/32
260
258,894
4.50%, 12/06/48
355
301,205
4.65%, 09/15/35
185
180,352
4.85%, 06/25/31
215
218,685
4.88%, 02/15/44
290
265,334
4.95%, 06/25/34
300
301,474
5.30%, 06/25/54
105
98,912
5.40%, 09/15/40
305
307,804
5.40%, 06/25/64
70
66,034
5.88%, 12/16/36
745
792,044
5.95%, 04/01/41
65
68,867
Lowe's Companies, Inc.
1.70%, 10/15/30
145
128,262
2.63%, 04/01/31
205
186,957
3.00%, 10/15/50
223
140,133
3.70%, 04/15/46
300
224,644
3.75%, 04/01/32
185
175,318
3.95%, 10/15/27
275
273,878
4.00%, 10/15/28
275
272,345
4.05%, 05/03/47
370
288,523
4.25%, 03/15/31
275
269,863
4.25%, 04/01/52
225
175,773
4.38%, 09/15/45
379
314,101
4.45%, 04/01/62
380
294,368
4.50%, 04/15/30
135
134,914
4.50%, 10/15/32
265
259,769
4.55%, 04/05/49
330
272,920
4.65%, 04/15/42
140
125,069
4.85%, 10/15/35
260
253,501
5.00%, 04/15/33
55
55,358
5.00%, 04/15/40
144
136,911
31

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Retail (continued)
5.13%, 04/15/50
$266
$238,033
5.15%, 07/01/33
255
257,887
5.50%, 10/15/35
335
344,466
5.63%, 04/15/53
90
86,364
5.75%, 07/01/53
45
43,907
5.80%, 09/15/62
505
490,721
5.85%, 04/01/63
465
453,133
6.50%, 03/15/29
290
305,264
McDonald's Corp.
3.63%, 05/01/43
108
84,241
3.63%, 09/01/49
212
153,866
3.70%, 02/15/42
80
64,399
3.80%, 04/01/28
90
89,274
4.20%, 04/01/50
237
189,040
4.45%, 03/01/47
222
186,926
4.45%, 09/01/48
241
201,554
4.60%, 05/26/45
200
173,585
4.70%, 12/09/35
129
126,427
4.88%, 07/15/40
210
197,973
4.88%, 12/09/45
315
283,625
4.95%, 08/14/33
45
45,684
5.45%, 08/14/53
120
114,443
5.70%, 02/01/39
30
31,114
6.30%, 10/15/37
77
83,956
6.30%, 03/01/38
125
136,188
O'Reilly Automotive, Inc., 4.20%, 04/01/30
92
90,670
Starbucks Corp.
2.25%, 03/12/30
75
68,907
3.35%, 03/12/50
285
194,286
3.50%, 03/01/28
86
84,808
3.50%, 11/15/50
480
335,135
3.55%, 08/15/29
90
87,794
3.75%, 12/01/47
80
59,527
4.30%, 06/15/45
112
92,285
4.45%, 08/15/49
241
198,230
4.50%, 11/15/48
78
64,872
4.80%, 02/15/33
100
100,033
Target Corp.
2.35%, 02/15/30
85
79,019
2.65%, 09/15/30
285
264,540
2.95%, 01/15/52
290
184,436
3.38%, 04/15/29
110
107,350
3.63%, 04/15/46
296
223,315
3.90%, 11/15/47
250
194,293
4.00%, 07/01/42
231
193,416
4.35%, 06/15/28
55
55,138
4.40%, 01/15/33
370
368,249
4.80%, 01/15/53(c)
190
167,844
5.00%, 04/15/35(c)
100
100,237
5.25%, 02/15/36(c)
90
91,529
6.35%, 11/01/32
45
49,075
6.50%, 10/15/37
225
249,464
7.00%, 01/15/38
235
271,692
Tractor Supply Co.
1.75%, 11/01/30
3,004
2,649,132
5.25%, 05/15/33
1,920
1,929,766
 
32,264,434
Semiconductors — 0.9%
Analog Devices, Inc.
4.25%, 06/15/28
190
189,866
4.50%, 06/15/30
185
184,830
Security
Par
(000
)
Value
Semiconductors (continued)
5.30%, 12/15/45
$125
$120,888
5.30%, 04/01/54
10
9,585
Applied Materials, Inc.
1.75%, 06/01/30
790
711,397
2.75%, 06/01/50
175
111,403
4.00%, 01/15/31
826
808,426
4.35%, 04/01/47
276
235,340
4.60%, 01/15/36
1,150
1,116,302
4.80%, 06/15/29
290
293,987
5.10%, 10/01/35
680
689,264
5.85%, 06/15/41
245
257,864
Broadcom, Inc.
3.14%, 11/15/35(b)
545
463,856
3.19%, 11/15/36(b)
450
376,615
3.42%, 04/15/33
659
602,179
3.47%, 04/15/34
449
404,349
3.50%, 02/15/41
353
282,511
4.15%, 04/15/32(b)
190
183,586
4.20%, 10/15/30
35
34,463
4.30%, 01/15/31
35
34,584
4.30%, 11/15/32
160
155,395
4.60%, 07/15/30
75
74,985
4.60%, 01/15/33
75
73,870
4.80%, 02/15/36
275
267,547
4.90%, 07/15/32
125
125,644
4.93%, 05/15/37(b)
532
516,645
4.95%, 01/15/36
30
29,629
5.00%, 04/15/30
355
360,053
5.20%, 07/15/35
125
125,626
5.70%, 01/15/56
45
44,867
Intel Corp.
1.60%, 08/12/28
1,350
1,270,552
2.00%, 08/12/31
45
39,273
2.45%, 11/15/29
675
628,737
3.05%, 08/12/51
180
112,863
3.25%, 11/15/49
360
235,901
3.73%, 12/08/47
314
227,598
3.75%, 08/05/27
215
213,674
3.90%, 03/25/30
25
24,308
4.00%, 08/05/29
120
117,957
4.00%, 12/15/32
640
605,234
4.10%, 05/19/46
109
84,828
4.10%, 05/11/47
200
154,156
4.15%, 08/05/32
240
230,640
4.25%, 12/15/42
150
124,252
4.65%, 06/01/31
520
516,003
4.75%, 03/25/50
293
243,263
4.80%, 10/01/41
235
210,475
4.90%, 07/29/45
212
185,096
4.90%, 08/05/52
190
160,618
4.95%, 03/25/60
190
158,432
5.00%, 08/15/33
530
528,400
5.05%, 08/05/62
5
4,191
5.13%, 02/10/30
475
482,176
5.15%, 02/21/34(c)
175
175,709
5.20%, 02/10/33
685
694,009
5.30%, 05/15/36
655
654,223
5.70%, 02/10/53
220
208,593
5.90%, 02/10/63
155
149,193
6.13%, 05/15/56
575
578,708
6.20%, 05/15/66
425
427,134
32

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Semiconductors (continued)
KLA Corp.
3.30%, 03/01/50
$75
$51,782
5.00%, 03/15/49
90
82,536
5.25%, 07/15/62
85
78,441
Lam Research Corp.
1.90%, 06/15/30
1,345
1,218,917
2.88%, 06/15/50
231
147,811
3.13%, 06/15/60
85
52,448
4.00%, 03/15/29
1,181
1,170,685
4.88%, 03/15/49
175
158,996
Marvell Technology, Inc.
4.75%, 07/15/30
25
25,079
5.30%, 04/15/36
175
175,188
5.45%, 07/15/35
25
25,554
5.95%, 09/15/33
55
58,040
Micron Technology, Inc.
2.70%, 04/15/32
155
139,092
3.48%, 11/01/51
240
171,091
NVIDIA Corp.
2.00%, 06/15/31
1,310
1,173,271
2.85%, 04/01/30
1,585
1,503,688
3.50%, 04/01/40
170
142,265
3.50%, 04/01/50
372
277,229
NXP BV/NXP Funding LLC, 5.55%, 12/01/28
1,935
1,977,799
NXP BV/NXP Funding LLC/NXP USA, Inc.
2.50%, 05/11/31
365
327,975
2.65%, 02/15/32
390
346,457
3.13%, 02/15/42
470
341,146
3.25%, 05/11/41
140
106,302
3.25%, 11/30/51
139
91,996
3.40%, 05/01/30
565
539,234
4.30%, 08/19/28
195
194,234
4.30%, 06/18/29
1,110
1,100,308
4.40%, 06/01/27
605
605,705
4.85%, 08/19/32
215
213,175
5.00%, 01/15/33
440
439,736
5.25%, 08/19/35
795
796,754
Qorvo, Inc., 4.38%, 10/15/29
290
284,230
QUALCOMM, Inc.
4.30%, 05/20/47
375
310,893
4.50%, 05/20/52
185
154,524
4.65%, 05/20/35
95
93,786
4.80%, 05/20/45
65
58,576
6.00%, 05/20/53
45
46,601
Texas Instruments, Inc.
1.75%, 05/04/30
935
845,328
1.90%, 09/15/31
415
365,070
2.25%, 09/04/29
879
823,360
2.70%, 09/15/51
250
153,009
2.90%, 11/03/27
980
964,372
3.65%, 08/16/32
1,260
1,200,246
3.88%, 03/15/39
318
280,410
4.10%, 08/16/52
50
39,796
4.15%, 05/15/48
410
339,692
4.50%, 05/23/30
120
120,499
4.60%, 02/08/29(c)
220
222,415
4.85%, 02/08/34
505
509,581
4.90%, 03/14/33
700
712,672
5.10%, 05/23/35
125
126,687
5.15%, 02/08/54
155
146,053
Security
Par
(000
)
Value
Semiconductors (continued)
TSMC Arizona Corp.
2.50%, 10/25/31
$1,620
$1,470,181
3.13%, 10/25/41
30
24,447
3.25%, 10/25/51
235
177,009
4.25%, 04/22/32
435
431,539
4.50%, 04/22/52
235
219,197
 
42,184,859
Shipbuilding — 0.0%
Huntington Ingalls Industries, Inc.
2.04%, 08/16/28
200
189,422
3.48%, 12/01/27
180
177,388
4.20%, 05/01/30
489
478,637
5.35%, 01/15/30
25
25,486
5.75%, 01/15/35
25
25,893
 
896,826
Software — 1.0%
Adobe, Inc.
2.30%, 02/01/30
3,125
2,894,996
4.80%, 04/04/29(c)
320
323,979
4.95%, 04/04/34
290
289,680
5.30%, 01/17/35
1,190
1,210,461
Autodesk, Inc.
2.40%, 12/15/31
1,115
982,860
2.85%, 01/15/30
660
620,153
3.50%, 06/15/27
1,588
1,573,990
5.30%, 06/15/35
815
814,988
Broadridge Financial Solutions, Inc.
2.60%, 05/01/31
1,030
920,718
2.90%, 12/01/29
955
895,485
5.75%, 05/15/36
125
125,458
Cadence Design Systems, Inc.
4.20%, 09/10/27
1,155
1,153,070
4.30%, 09/10/29
1,725
1,714,820
4.70%, 09/10/34
1,055
1,039,478
Fidelity National Information Services, Inc.
4.50%, 08/15/46
30
24,329
5.10%, 07/15/32
300
301,067
Fiserv, Inc.
3.50%, 07/01/29
165
158,649
4.20%, 10/01/28
100
98,947
4.40%, 07/01/49
403
309,071
4.55%, 02/15/31
30
29,396
5.25%, 08/11/35(c)
50
48,935
Intuit, Inc.
1.35%, 07/15/27
330
319,789
1.65%, 07/15/30
470
417,688
5.20%, 09/15/33
745
753,335
5.50%, 09/15/53
1,180
1,065,183
Microsoft Corp.
2.53%, 06/01/50
270
162,598
2.68%, 06/01/60
155
86,894
2.92%, 03/17/52
710
456,952
3.04%, 03/17/62
100
61,310
3.45%, 08/08/36
610
548,000
3.50%, 02/12/35(c)
1,115
1,036,651
3.50%, 11/15/42
50
40,372
3.95%, 08/08/56
90
68,842
4.00%, 02/12/55
135
104,953
4.10%, 02/06/37
460
436,772
4.20%, 11/03/35(c)
445
434,897
33

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Software (continued)
4.50%, 10/01/40
$50
$47,760
Oracle Corp.
3.60%, 04/01/40
787
582,352
3.60%, 04/01/50
762
474,172
3.65%, 03/25/41
505
368,779
3.80%, 11/15/37
392
317,985
3.85%, 07/15/36
320
268,295
3.85%, 04/01/60
593
357,687
3.90%, 05/15/35
475
408,566
3.95%, 03/25/51
571
374,583
4.00%, 07/15/46
562
390,120
4.00%, 11/15/47
444
303,069
4.10%, 03/25/61
284
180,023
4.13%, 05/15/45
387
274,858
4.20%, 09/27/29
15
14,620
4.30%, 07/08/34
305
275,471
4.38%, 05/15/55
356
243,890
4.50%, 05/06/28
40
39,916
4.50%, 07/08/44
300
228,361
4.70%, 09/27/34
95
88,194
4.90%, 02/06/33
555
532,946
5.20%, 09/26/35
310
294,775
5.38%, 07/15/40
392
353,052
5.38%, 09/27/54
240
192,340
5.50%, 09/27/64
335
264,329
5.55%, 02/06/53
305
252,114
5.70%, 02/04/36
510
501,107
5.88%, 09/26/45
200
178,582
5.95%, 09/26/55
375
327,902
6.00%, 08/03/55
80
69,889
6.10%, 09/26/65
360
309,791
6.13%, 07/08/39
349
343,423
6.13%, 08/03/65
215
185,999
6.25%, 11/09/32
270
279,556
6.50%, 04/15/38
316
323,846
6.55%, 02/04/46
5
4,815
6.70%, 02/04/56
740
712,670
6.85%, 02/04/66
355
340,905
6.90%, 11/09/52
435
427,850
Salesforce, Inc.
2.70%, 07/15/41
35
24,129
2.90%, 07/15/51
220
130,044
3.70%, 04/11/28
5,215
5,155,652
4.90%, 09/15/31
975
975,643
5.20%, 03/15/33
775
778,623
5.55%, 03/15/36
1,000
1,006,051
6.40%, 03/15/46
375
381,758
6.55%, 03/15/56
480
489,700
6.70%, 03/15/66
395
409,638
ServiceNow, Inc.
1.40%, 09/01/30
2,165
1,901,234
4.25%, 05/15/28
60
59,995
4.70%, 08/15/31
80
79,978
5.05%, 05/15/33
85
85,376
5.40%, 05/15/36
210
211,608
Series ., 6.30%, 05/15/56
35
36,095
Synopsys, Inc.
4.85%, 04/01/30
700
703,752
5.00%, 04/01/32
1,170
1,177,396
5.15%, 04/01/35
1,215
1,212,668
5.70%, 04/01/55
380
370,560
Security
Par
(000
)
Value
Software (continued)
VMware LLC, 4.70%, 05/15/30
$803
$805,470
Workday, Inc.
3.70%, 04/01/29
645
628,794
3.80%, 04/01/32
860
803,198
 
50,086,720
Telecommunications — 0.7%
America Movil SAB de CV
4.38%, 07/16/42
25
21,675
4.38%, 04/22/49
220
181,555
6.13%, 11/15/37
187
196,385
6.13%, 03/30/40
517
540,848
6.38%, 03/01/35
240
259,718
AT&T, Inc.
3.30%, 02/01/52
350
222,997
3.50%, 06/01/41
460
357,141
3.50%, 09/15/53
954
630,807
3.50%, 02/01/61
315
195,875
3.55%, 09/15/55
1,031
672,692
3.65%, 06/01/51
584
402,554
3.65%, 09/15/59
943
615,265
3.80%, 12/01/57
915
621,474
3.85%, 06/01/60
355
240,234
4.30%, 12/15/42
145
120,778
4.35%, 06/15/45
140
113,642
4.50%, 03/09/48
212
171,464
4.55%, 03/09/49
231
186,506
4.65%, 06/01/44
85
72,336
4.75%, 05/15/46
240
203,987
4.80%, 06/15/44
40
34,621
4.85%, 03/01/39
275
256,538
4.85%, 07/15/45
120
104,396
4.90%, 08/15/37
183
175,860
5.15%, 03/15/42
222
204,477
5.15%, 11/15/46
35
31,411
5.15%, 02/15/50
140
123,191
5.25%, 03/01/37
480
476,103
5.35%, 09/01/40
79
76,844
5.45%, 03/01/47
125
116,049
5.55%, 08/15/41
270
262,991
5.70%, 03/01/57
166
157,593
6.00%, 08/15/40
155
158,578
6.00%, 04/30/56
120
117,800
6.05%, 08/15/56
20
19,749
6.30%, 01/15/38
85
90,387
6.30%, 10/30/66
100
100,385
6.38%, 03/01/41
230
243,368
6.55%, 02/15/39
203
220,476
Bell Telephone Co. of Canada or Bell Canada
3.65%, 08/15/52
75
52,244
Series US-6, 3.20%, 02/15/52
5
3,223
British Telecommunications PLC, 9.63%, 12/15/30
707
841,692
Cisco Systems, Inc.
4.75%, 02/24/30
75
75,958
4.85%, 02/26/29
100
101,459
4.95%, 02/26/31
75
76,567
4.95%, 02/24/32
75
76,264
5.05%, 02/26/34
350
354,700
5.10%, 02/24/35
100
101,398
5.30%, 02/26/54
235
223,404
5.35%, 02/26/64
45
42,305
5.50%, 01/15/40
465
475,825
34

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Telecommunications (continued)
5.50%, 02/24/55
$85
$83,177
5.90%, 02/15/39
322
342,626
Juniper Networks, Inc., 5.95%, 03/15/41
184
184,363
Koninklijke KPN NV, 8.38%, 10/01/30
1,655
1,890,623
Motorola Solutions, Inc.
2.30%, 11/15/30
150
135,504
4.60%, 02/23/28
283
284,170
4.60%, 05/23/29
180
180,270
4.85%, 08/15/30
90
90,469
5.20%, 08/15/32
100
101,314
5.50%, 09/01/44
90
87,025
5.55%, 08/15/35
100
102,085
5.60%, 06/01/32
135
139,494
Nokia OYJ
4.38%, 06/12/27
1,695
1,688,723
6.63%, 05/15/39
1,925
2,044,200
Rogers Communications, Inc.
3.80%, 03/15/32
45
41,982
4.30%, 02/15/48
185
145,541
4.35%, 05/01/49
135
106,758
4.50%, 03/15/42
45
38,388
4.50%, 03/15/43
117
97,571
4.55%, 03/15/52
170
135,090
TELUS Corp.
3.70%, 09/15/27
700
692,972
4.30%, 06/15/49
5
4,004
4.60%, 11/16/48
55
45,930
Verizon Communications, Inc.
2.36%, 03/15/32
130
114,138
2.55%, 03/21/31
286
260,931
2.65%, 11/20/40
600
426,747
2.88%, 11/20/50
300
185,466
2.99%, 10/30/56
661
392,098
3.00%, 11/20/60
870
506,383
3.55%, 03/22/51
530
372,770
3.70%, 03/22/61
767
518,615
3.85%, 11/01/42
456
367,709
4.13%, 08/15/46
239
192,138
4.27%, 01/15/36
455
421,892
4.40%, 11/01/34
576
548,682
4.50%, 08/10/33
799
776,821
4.52%, 09/15/48
310
257,611
4.67%, 03/15/55
365
300,778
4.75%, 11/01/41
249
224,837
4.81%, 03/15/39
362
339,307
4.86%, 08/21/46
683
601,905
5.01%, 04/15/49
270
238,198
5.01%, 08/21/54
450
392,705
5.05%, 05/09/33
110
111,322
5.25%, 03/16/37
750
745,097
5.50%, 03/16/47
357
342,197
5.85%, 09/15/35
220
230,982
5.88%, 11/30/55
90
88,492
6.00%, 11/30/65
700
689,765
6.40%, 09/15/33
15
16,262
6.55%, 09/15/43
240
259,706
7.75%, 12/01/30
180
201,958
Vodafone Group PLC
4.25%, 09/17/50
277
214,883
4.38%, 02/19/43
40
33,821
4.88%, 06/19/49
275
235,571
Security
Par
(000
)
Value
Telecommunications (continued)
5.00%, 05/30/38
$200
$195,781
5.25%, 05/30/48
415
376,834
6.15%, 02/27/37
255
273,989
6.25%, 11/30/32
325
346,949
7.88%, 02/15/30
310
343,908
 
32,233,316
Toys, Games & Hobbies — 0.0%
Hasbro, Inc., 6.35%, 03/15/40
75
78,380
Transportation — 0.4%
Canadian National Railway Co.
2.45%, 05/01/50
635
373,051
3.20%, 08/02/46
189
134,181
3.65%, 02/03/48
152
114,375
3.85%, 08/05/32
50
47,735
4.20%, 03/12/31
75
73,718
4.35%, 05/12/29
55
54,873
4.38%, 09/18/34
125
121,271
4.40%, 08/05/52
110
92,051
4.45%, 01/20/49
170
144,121
4.75%, 11/12/35
75
73,818
4.95%, 05/12/36
75
74,650
5.85%, 11/01/33
250
267,213
6.20%, 06/01/36
75
81,433
6.25%, 08/01/34
45
49,093
6.38%, 11/15/37
155
171,412
Canadian Pacific Railway Co.
3.10%, 12/02/51
525
342,703
4.20%, 11/15/69
95
70,752
4.80%, 09/15/35
105
103,729
4.80%, 08/01/45
15
13,490
5.95%, 05/15/37
100
106,117
6.13%, 09/15/2115
510
527,391
7.13%, 10/15/31
165
182,845
CH Robinson Worldwide, Inc., 4.20%, 04/15/28
2,825
2,804,801
CSX Corp.
2.40%, 02/15/30
104
96,553
2.50%, 05/15/51
120
70,222
3.35%, 09/15/49
185
129,453
3.80%, 11/01/46
224
173,426
3.80%, 04/15/50
115
87,117
3.95%, 05/01/50
153
118,163
4.10%, 11/15/32
50
48,467
4.10%, 03/15/44
74
61,457
4.25%, 11/01/66
120
91,354
4.30%, 03/01/48
240
197,843
4.40%, 03/01/43
83
72,701
4.50%, 03/15/49
148
124,378
4.50%, 11/15/52
25
21,076
4.50%, 08/01/54
170
141,656
4.65%, 03/01/68
48
39,415
4.75%, 05/30/42
135
124,112
4.75%, 11/15/48
188
166,647
5.05%, 06/15/35
75
75,236
5.50%, 04/15/41
165
166,176
6.00%, 10/01/36
157
168,205
6.15%, 05/01/37
140
151,248
6.22%, 04/30/40
165
178,653
GXO Logistics, Inc., 2.65%, 07/15/31
1,189
1,054,158
Norfolk Southern Corp.
2.55%, 11/01/29
47
44,159
35

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Transportation (continued)
2.90%, 08/25/51
$66
$41,074
3.16%, 05/15/55
180
114,879
3.40%, 11/01/49
121
84,180
4.05%, 08/15/52
284
218,515
4.10%, 05/15/2121
90
62,111
4.45%, 03/01/33
50
49,130
4.55%, 06/01/53
40
33,309
5.05%, 08/01/30
175
178,023
5.10%, 08/01/2118
50
43,000
Ryder System, Inc.
4.30%, 06/15/27
120
119,878
4.30%, 12/01/30
110
108,185
4.85%, 06/15/30
100
100,722
4.90%, 12/01/29
35
35,288
4.95%, 09/01/29
495
500,447
5.00%, 03/15/30
385
389,845
5.25%, 06/01/28
995
1,009,494
5.38%, 03/15/29
265
270,791
5.50%, 06/01/29
480
491,900
5.65%, 03/01/28
615
627,731
6.30%, 12/01/28
420
437,070
6.60%, 12/01/33
2,055
2,249,147
Union Pacific Corp.
2.97%, 09/16/62
115
67,227
3.25%, 02/05/50
370
254,362
3.35%, 08/15/46
129
92,700
3.38%, 02/01/35
100
89,282
3.50%, 02/14/53
115
80,917
3.55%, 08/15/39
5
4,218
3.55%, 05/20/61
100
67,370
3.60%, 09/15/37
95
83,493
3.75%, 02/05/70
282
191,095
3.80%, 10/01/51
344
258,000
3.80%, 04/06/71
315
216,708
3.84%, 03/20/60
397
286,213
3.85%, 02/14/72
175
121,606
3.88%, 02/01/55
210
156,132
3.95%, 08/15/59
215
158,154
4.00%, 04/15/47
115
90,985
4.05%, 11/15/45
194
156,802
4.05%, 03/01/46
177
142,866
4.10%, 09/15/67
230
169,335
4.30%, 03/01/49
225
184,896
4.50%, 09/10/48
120
101,248
4.95%, 05/15/53
70
62,913
5.10%, 02/20/35
165
167,857
5.60%, 12/01/54
160
158,477
 
20,154,273
Trucking & Leasing — 0.1%
GATX Corp.
3.10%, 06/01/51
215
136,716
3.50%, 03/15/28
235
230,982
3.50%, 06/01/32
240
221,958
4.00%, 06/30/30
50
48,724
4.55%, 11/07/28
229
228,673
4.70%, 04/01/29
320
320,723
4.90%, 03/15/33
100
99,625
5.20%, 03/15/44
87
80,266
5.45%, 09/15/33
200
202,833
5.50%, 06/15/35
25
25,275
6.05%, 03/15/34
355
373,877
Security
Par
(000
)
Value
Trucking & Leasing (continued)
6.05%, 06/05/54
$850
$858,580
6.90%, 05/01/34
275
303,323
 
3,131,555
Water — 0.0%
American Water Capital Corp.
2.80%, 05/01/30
139
130,282
3.25%, 06/01/51
25
16,759
3.45%, 06/01/29
217
210,840
3.45%, 05/01/50
335
234,980
3.75%, 09/01/47
127
96,449
4.00%, 12/01/46
146
114,704
4.15%, 06/01/49
238
187,992
4.20%, 09/01/48
171
137,260
4.30%, 12/01/42
50
43,398
4.30%, 09/01/45
100
83,213
5.45%, 03/01/54
80
76,217
6.59%, 10/15/37
80
89,704
Essential Utilities, Inc.
2.70%, 04/15/30
157
145,905
3.35%, 04/15/50
263
177,130
3.57%, 05/01/29
160
155,284
4.28%, 05/01/49
283
225,493
4.80%, 08/15/27
25
25,096
5.13%, 03/15/36
25
24,620
5.25%, 08/15/35
25
25,062
5.30%, 05/01/52
195
178,076
5.38%, 01/15/34
25
25,411
United Utilities PLC, 6.88%, 08/15/28
40
41,848
 
2,445,723
Total Corporate Bonds & Notes — 25.2%
(Cost: $1,258,887,874)
1,219,585,108
Foreign Government Obligations(f)
Canada — 0.5%
Hydro-Quebec
Series HH, 8.50%, 12/01/29
170
192,345
Series HK, 9.38%, 04/15/30
1,510
1,772,331
Series HQ, 9.50%, 11/15/30
1,170
1,402,389
Province of Alberta Canada
1.30%, 07/22/30
586
521,499
3.30%, 03/15/28
579
571,124
4.50%, 01/24/34
810
809,020
Province of British Columbia Canada
1.30%, 01/29/31
2,050
1,794,131
4.20%, 07/06/33
2,595
2,543,937
4.75%, 06/12/34
670
676,359
4.80%, 11/15/28
1,235
1,253,604
7.25%, 09/01/36
255
303,238
Province of Manitoba Canada
1.50%, 10/25/28(c)
315
295,962
4.30%, 07/27/33
980
963,297
4.90%, 05/31/34
510
518,542
Province of Ontario Canada
1.13%, 10/07/30
940
824,729
1.60%, 02/25/31
1,515
1,343,722
1.80%, 10/14/31
1,740
1,530,252
2.00%, 10/02/29
10
9,325
2.13%, 01/21/32
1,730
1,536,435
5.05%, 04/24/34
645
666,189
36

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Canada (continued)
Province of Quebec Canada
1.35%, 05/28/30
$1,360
$1,216,959
1.90%, 04/21/31(c)
1,885
1,687,792
3.63%, 04/13/28
1,055
1,046,210
4.50%, 09/08/33
1,055
1,052,524
4.63%, 06/03/36
175
173,820
Series PD, 7.50%, 09/15/29
1,275
1,401,853
 
26,107,588
Chile — 0.1%
Chile Government International Bonds
2.55%, 07/27/33
315
270,571
3.10%, 05/07/41
455
347,426
3.10%, 01/22/61
505
313,750
3.25%, 09/21/71
865
541,274
3.50%, 01/31/34
280
254,674
3.50%, 01/25/50
517
373,756
3.63%, 10/30/42
15
12,072
3.86%, 06/21/47
400
314,379
4.00%, 01/31/52
635
497,236
4.34%, 03/07/42
370
326,855
4.95%, 01/05/36
365
361,562
5.33%, 01/05/54
150
143,347
5.65%, 01/13/37
200
208,420
 
3,965,322
Hungary — 0.0%
Hungary Government International Bonds, 7.63%,
03/29/41
381
448,448
Indonesia — 0.1%
Indonesia Government International Bonds
3.05%, 03/12/51
2,055
1,315,951
3.20%, 09/23/61
400
245,965
3.35%, 03/12/71
1,030
636,140
3.70%, 10/30/49
200
146,762
4.20%, 10/15/50
265
209,583
4.30%, 03/31/52
250
200,309
4.35%, 01/11/48
205
169,177
4.45%, 04/15/70
75
59,194
5.10%, 02/10/54
100
92,699
5.15%, 09/10/54
55
50,812
5.48%, 02/21/56
215
208,628
 
3,335,220
Israel — 0.1%
Israel Government International Bonds
3.88%, 07/03/50
460
332,837
4.13%, 01/17/48
320
245,767
4.50%, 01/17/33
255
245,607
4.50%, 01/30/43
105
89,880
4.50%, 04/03/2120
200
145,589
5.63%, 02/19/35
200
204,785
5.75%, 03/12/54
630
600,658
5.88%, 01/13/56
400
387,025
State of Israel, 3.38%, 01/15/50
170
112,939
 
2,365,087
Italy — 0.0%
Republic of Italy Government International Bonds
3.88%, 05/06/51
605
441,465
4.00%, 10/17/49
557
422,304
5.38%, 06/15/33
5
5,197
 
868,966
Security
Par
(000
)
Value
Mexico — 0.1%
Mexico Government International Bonds
3.77%, 05/24/61
$2,040
$1,225,627
4.28%, 08/14/41
135
106,323
4.35%, 01/15/47
15
11,081
4.40%, 02/12/52
2,000
1,430,976
4.50%, 01/31/50
95
70,433
4.60%, 01/23/46
65
50,384
4.75%, 03/08/44
1,025
828,250
5.00%, 04/27/51
120
94,618
5.55%, 01/21/45
105
94,871
5.75%, 10/12/2110
420
342,935
6.00%, 05/07/36
65
64,814
6.05%, 01/11/40
5
4,891
6.13%, 02/09/38
530
521,007
6.34%, 05/04/53
400
374,423
6.40%, 05/07/54
400
375,885
6.63%, 01/29/38
215
220,147
6.75%, 02/09/56
300
293,934
6.88%, 05/13/37
250
262,127
7.38%, 05/13/55
85
89,949
 
6,462,675
Panama — 0.1%
Panama Government International Bonds
3.87%, 07/23/60
645
440,550
4.30%, 04/29/53
552
423,601
4.50%, 04/16/50
605
484,477
4.50%, 04/01/56
345
267,465
4.50%, 01/19/63
360
274,112
6.40%, 02/14/35
25
26,560
6.85%, 03/28/54
420
449,456
7.88%, 03/01/57
30
36,185
8.00%, 03/01/38
25
29,485
 
2,431,891
Peru — 0.0%
Peruvian Government International Bonds
2.78%, 12/01/60
1,020
556,203
3.23%, 07/28/2121
315
172,492
3.55%, 03/10/51
975
678,828
3.60%, 01/15/72
150
95,057
5.63%, 11/18/50
415
401,176
5.88%, 08/08/54
180
175,848
6.20%, 06/30/55
10
10,140
 
2,089,744
Poland — 0.1%
Republic of Poland Government
International Bonds
4.88%, 10/04/33
490
490,007
5.13%, 09/18/34
340
341,411
5.38%, 02/12/35
305
309,672
5.38%, 04/14/36
255
255,921
5.50%, 04/04/53
450
418,485
5.50%, 03/18/54
570
528,372
5.75%, 11/16/32
180
189,337
6.13%, 04/14/56
515
515,349
 
3,048,554
South Korea — 0.0%
Korea International Bonds
3.88%, 09/20/48
413
347,270
4.13%, 06/10/44
560
502,632
 
849,902
37

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Supranational — 1.8%
African Development Bank, 5.75% , (5-year CMT +
1.58%)(a)(g)
$255
$248,849
Council of Europe Development Bank
3.63%, 01/26/28
975
968,857
3.75%, 01/14/31
120
118,063
4.13%, 01/24/29
2,265
2,267,976
4.50%, 01/15/30
1,485
1,502,263
European Investment Bank
0.75%, 09/23/30
60
52,096
0.88%, 05/17/30
445
392,774
1.25%, 02/14/31
1,100
965,280
1.63%, 10/09/29
265
244,759
1.75%, 03/15/29
50
46,988
3.63%, 07/15/30
40
39,264
3.75%, 11/15/29
2,000
1,978,279
3.75%, 03/13/31
1,260
1,238,427
3.75%, 02/14/33
935
906,633
3.88%, 10/15/30
520
514,781
4.00%, 02/15/29
2,025
2,022,258
4.13%, 02/13/34
2,005
1,976,305
4.25%, 08/16/32
1,930
1,930,919
4.25%, 02/08/36
1,340
1,321,338
4.50%, 03/14/30
1,355
1,373,469
4.63%, 02/12/35
2,465
2,507,887
4.75%, 06/15/29
3,275
3,338,562
4.88%, 02/15/36
1,573
1,625,645
Inter-American Development Bank
0.63%, 09/16/27
1,519
1,455,188
1.13%, 07/20/28
2,363
2,223,899
1.13%, 01/13/31
2,195
1,919,056
2.25%, 06/18/29
2,095
1,986,356
2.38%, 07/07/27
1,552
1,525,671
3.13%, 09/18/28
1,165
1,141,845
3.20%, 08/07/42
1,710
1,371,565
3.50%, 09/14/29
855
839,434
3.50%, 04/12/33
365
347,630
3.75%, 06/14/30
125
123,245
3.88%, 10/28/41
1,025
904,383
4.13%, 01/23/36
380
370,450
4.38%, 07/16/35
485
483,021
4.38%, 01/24/44
850
785,429
4.50%, 02/15/30
125
126,642
4.50%, 09/13/33
170
171,747
International Bank for Reconstruction &
Development
0.75%, 11/24/27
4,230
4,033,361
0.75%, 08/26/30
3,815
3,318,499
0.88%, 05/14/30
3,100
2,736,068
1.13%, 09/13/28
1,940
1,817,617
1.25%, 02/10/31
1,375
1,206,903
1.38%, 04/20/28
3,590
3,419,425
1.63%, 11/03/31
2,920
2,558,176
1.75%, 10/23/29
3,402
3,151,354
2.50%, 11/22/27
5,160
5,049,253
2.50%, 03/29/32
1,345
1,225,883
3.13%, 06/15/27
1,865
1,849,186
3.50%, 07/12/28
1,140
1,127,915
3.63%, 09/21/29
805
793,409
3.88%, 10/16/29
250
248,241
3.88%, 02/14/30
1,570
1,557,245
3.88%, 08/28/34
1,740
1,681,280
Security
Par
(000
)
Value
Supranational (continued)
4.00%, 05/06/32
$100
$98,778
4.38%, 08/27/35
360
358,592
4.50%, 05/20/36
750
752,740
4.63%, 08/01/28
675
683,185
4.63%, 01/15/32
195
198,957
4.75%, 11/14/33
3,070
3,150,775
4.75%, 02/15/35(c)
1,629
1,669,319
International Finance Corp.
0.75%, 08/27/30
1,535
1,334,837
4.50%, 07/13/28
300
302,807
Nordic Investment Bank
3.38%, 09/08/27
855
848,000
3.75%, 05/09/30
200
196,978
4.25%, 02/28/29
405
406,773
 
89,132,789
Uruguay — 0.1%
Oriental Republic of Uruguay, 5.25%, 09/10/60
720
662,424
Uruguay Government International Bonds
4.13%, 11/20/45
320
275,270
4.98%, 04/20/55
794
715,624
5.10%, 06/18/50
820
762,375
5.44%, 02/14/37
190
195,258
5.75%, 10/28/34
190
199,265
7.63%, 03/21/36
678
801,956
 
3,612,172
Total Foreign Government Obligations — 3.0%
(Cost: $148,215,554)
144,718,358
U.S. Government & Agency Obligations
Mortgage-Backed Securities — 23.9%
Federal Home Loan Mortgage Corp.
2.50%, 01/01/32
50
47,651
3.00%, 05/01/29
864
852,389
3.00%, 03/01/46
275
246,967
3.00%, 09/01/46
255
232,308
3.00%, 12/01/46
341
306,177
3.50%, 05/01/33
11
10,822
3.50%, 06/01/34
8
7,868
3.50%, 03/01/38
20
19,325
3.50%, 10/01/42
7
7,047
3.50%, 10/01/44
8
7,748
3.50%, 07/01/47
11
9,776
3.50%, 09/01/47
10
9,377
3.50%, 02/01/48
5
4,986
3.50%, 03/01/48
4
3,777
4.00%, 09/01/45
4
3,906
4.00%, 01/01/48
274
261,760
4.00%, 02/01/48
3
3,212
4.00%, 01/01/49
6
6,033
4.50%, 10/01/48
11
10,628
4.50%, 01/01/49
2
1,976
Federal Home Loan Mortgage Corp. Multifamily
Structured Pass-Through Certificates
2.58%, 05/25/32
2,000
1,801,576
Series K077, Class A2, 3.85%, 05/25/28(a)
2,000
1,982,200
Series K098, Class A2, 2.43%, 08/25/29
3,000
2,831,691
Series K100, Class A2, 2.67%, 09/25/29
1,000
948,823
Series K101, Class A2, 2.52%, 10/25/29
300
283,028
Series K115, Class A2, 1.38%, 06/25/30
1,920
1,709,654
38

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
Series K120, Class A2, 1.50%, 10/25/30
$3,000
$2,657,777
Series K128, Class A2, 2.02%, 03/25/31
1,000
900,665
Series K154, Class A2, 3.42%, 04/25/32
500
485,782
Series K739, Class A2, 1.34%, 09/25/27
877
851,551
Federal National Mortgage Association
Series 2017-M11, Class A2, 2.98%, 08/25/29
123
118,162
Series 2017-M8, Class A2, 3.06%, 05/25/27(a)
1,185
1,173,986
Series 2021-M13, Class A2, 1.60%, 04/25/31(a)
600
527,066
Series 2021-M17, Class A2, 1.71%, 07/25/31(a)
1,000
883,195
Government National Mortgage Association
1.50%, 10/20/51
194
151,679
2.00%, 07/20/50
60
48,981
2.00%, 08/20/50
2,730
2,245,356
2.00%, 09/20/50
6,556
5,391,367
2.00%, 11/20/50
1,359
1,117,084
2.00%, 12/20/50
1,400
1,151,345
2.00%, 01/20/51
2,386
1,961,791
2.00%, 02/20/51
3,208
2,634,106
2.00%, 08/20/51
3,351
2,751,397
2.00%, 11/20/51
708
581,348
2.00%, 12/20/51
2,626
2,156,371
2.00%, 01/20/52
8,517
6,992,965
2.00%, 02/20/52
4,279
3,514,040
2.00%, 03/20/52
1,133
930,066
2.00%, 04/20/52
3,275
2,689,026
2.00%, 06/22/56(h)
525
430,582
2.50%, 12/20/46
85
73,701
2.50%, 06/20/50
3,077
2,636,464
2.50%, 08/20/50
259
220,706
2.50%, 09/20/50
382
325,100
2.50%, 01/20/51
962
823,670
2.50%, 02/20/51
5,683
4,863,388
2.50%, 05/20/51
679
581,367
2.50%, 07/20/51
2,277
1,948,335
2.50%, 08/20/51
6,746
5,773,535
2.50%, 11/20/51
2,410
2,062,354
2.50%, 01/20/52
1,307
1,118,219
2.50%, 02/20/52
1,773
1,517,437
2.50%, 03/20/52
6,409
5,485,250
2.50%, 04/20/52
2,603
2,227,615
2.50%, 05/20/52
1,632
1,396,453
2.50%, 07/20/52
525
449,300
2.50%, 08/20/52
1,237
1,058,351
2.50%, 09/20/52
847
724,573
2.50%, 06/22/56(h)
4,175
3,571,096
3.00%, 07/20/45
42
37,766
3.00%, 11/20/45
197
178,196
3.00%, 12/20/45
34
30,591
3.00%, 01/20/46
18
16,013
3.00%, 03/20/46
306
276,183
3.00%, 04/20/46
8
7,408
3.00%, 05/20/46
21
18,951
3.00%, 08/20/46
257
231,500
3.00%, 09/20/46
612
551,906
3.00%, 11/20/46
16
14,332
3.00%, 02/15/47
20
17,944
3.00%, 03/20/47
6
5,813
3.00%, 06/20/47
20
18,265
3.00%, 10/20/47
363
326,706
3.00%, 02/20/48
14
12,444
3.00%, 04/20/49
649
584,347
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
3.00%, 10/15/49
$108
$96,108
3.00%, 01/20/50
673
600,377
3.00%, 02/20/50
140
125,162
3.00%, 07/20/50
1,199
1,069,495
3.00%, 08/20/50
208
185,762
3.00%, 12/20/50
907
808,652
3.00%, 08/20/51
1,748
1,556,116
3.00%, 09/20/51
1,288
1,146,324
3.00%, 10/20/51
2,440
2,172,086
3.00%, 11/20/51
1,096
975,348
3.00%, 12/20/51
1,375
1,224,271
3.00%, 02/20/52
1,983
1,765,148
3.00%, 03/20/52
2,067
1,832,305
3.00%, 05/20/52
2,560
2,277,347
3.00%, 06/20/52
5,072
4,511,657
3.00%, 07/20/52
702
624,451
3.00%, 09/20/52
430
382,406
3.00%, 06/22/56(h)
8,063
7,166,843
3.50%, 09/20/42
26
24,252
3.50%, 12/20/42
23
21,954
3.50%, 09/20/45
2,001
1,847,277
3.50%, 11/20/46
6
5,682
3.50%, 01/20/47
6
5,472
3.50%, 06/20/47
5
4,821
3.50%, 08/20/47
89
82,490
3.50%, 09/20/47
3,553
3,280,745
3.50%, 11/20/47
23
20,911
3.50%, 02/20/48
12
11,177
3.50%, 08/20/48
22
20,170
3.50%, 01/20/49
10
9,026
3.50%, 03/20/49
985
906,655
3.50%, 09/20/49
675
621,043
3.50%, 10/20/49
474
436,130
3.50%, 12/20/49
1,565
1,438,960
3.50%, 01/20/50
439
403,454
3.50%, 03/20/50
299
275,058
3.50%, 08/20/50
146
133,760
3.50%, 01/20/51
4,924
4,526,451
3.50%, 01/20/52
1,987
1,820,727
3.50%, 02/20/52
434
397,959
3.50%, 10/20/52
1,132
1,035,051
3.50%, 05/20/53
1,210
1,112,453
3.50%, 06/23/55(h)
9,325
8,398,818
4.00%, 04/20/47
45
42,925
4.00%, 07/20/47
51
48,319
4.00%, 11/20/47
10
9,900
4.00%, 04/20/48
2
1,923
4.00%, 05/15/48
3
2,955
4.00%, 05/20/48
8
7,381
4.00%, 08/20/48
17
16,119
4.00%, 09/20/48
44
41,701
4.00%, 11/20/48
496
471,840
4.00%, 12/20/48
890
846,030
4.00%, 02/20/49
611
580,984
4.00%, 01/20/50
1,760
1,668,564
4.00%, 02/20/50
1,430
1,359,645
4.00%, 07/20/52
206
194,663
4.00%, 09/20/52
2,273
2,144,243
4.00%, 12/20/52
573
540,494
4.00%, 06/22/56(h)
12,856
11,952,911
4.50%, 07/20/41
681
674,366
39

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
4.50%, 06/20/48
$15
$15,062
4.50%, 08/20/48
3
2,468
4.50%, 09/20/48
185
181,801
4.50%, 10/20/48
92
90,030
4.50%, 12/20/48
36
35,571
4.50%, 01/20/49
137
133,849
4.50%, 03/20/49
1,047
1,026,234
4.50%, 06/20/49
25
24,922
4.50%, 07/20/49
10
10,236
4.50%, 08/20/49
3
2,555
4.50%, 07/20/52
729
707,735
4.50%, 08/20/52
3,236
3,147,750
4.50%, 09/20/52
688
668,421
4.50%, 04/20/53
2,748
2,663,936
4.50%, 06/20/53
1,442
1,396,862
4.50%, 07/20/53
2,889
2,801,250
4.50%, 10/20/54
1,600
1,543,758
4.50%, 11/20/54
1,699
1,640,181
4.50%, 06/22/56(h)
7,375
7,093,678
5.00%, 04/20/48
5
4,669
5.00%, 05/20/48
2
2,063
5.00%, 11/20/48
2
1,530
5.00%, 12/20/48
3
3,314
5.00%, 01/20/49
17
16,720
5.00%, 06/20/49
232
232,517
5.00%, 07/20/52
178
177,213
5.00%, 09/20/52
1,308
1,301,103
5.00%, 11/20/52
619
615,703
5.00%, 01/20/53
384
382,180
5.00%, 04/20/53
1,918
1,904,396
5.00%, 07/20/53
3,352
3,330,474
5.00%, 11/20/53
1,422
1,411,428
5.00%, 06/20/54
1,343
1,331,811
5.00%, 09/20/54
488
483,358
5.00%, 11/20/54
8,479
8,399,083
5.00%, 12/20/54
4,289
4,244,670
5.00%, 02/20/56
539
532,667
5.00%, 06/22/56(h)
10,577
10,443,926
5.50%, 12/20/52
1,770
1,798,321
5.50%, 01/20/53
73
74,216
5.50%, 02/20/53
814
826,552
5.50%, 03/20/53
1,579
1,601,814
5.50%, 04/20/53
2,074
2,103,864
5.50%, 05/20/53
466
472,856
5.50%, 06/20/53
402
408,673
5.50%, 07/20/53
1,316
1,336,814
5.50%, 09/20/53
1,288
1,305,439
5.50%, 04/20/54
1,566
1,582,982
5.50%, 06/20/54
232
234,023
5.50%, 07/20/54
2,272
2,295,940
5.50%, 08/20/54
3,608
3,652,585
5.50%, 09/20/54
196
197,451
5.50%, 10/20/54
3,936
3,973,666
5.50%, 11/20/54
2,151
2,170,866
5.50%, 11/20/55
5,584
5,621,265
5.50%, 06/22/56(h)
9,225
9,281,893
6.00%, 09/20/53
803
821,372
6.00%, 10/20/53
1,236
1,264,709
6.00%, 06/20/54
724
740,858
6.00%, 07/20/54
1,254
1,283,027
6.00%, 08/20/54
2,487
2,545,573
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
6.00%, 09/20/54
$2,606
$2,667,157
6.00%, 02/20/56
526
537,428
6.00%, 04/20/56
1,601
1,636,631
6.00%, 05/20/56
1,630
1,669,015
6.00%, 06/22/56(h)
5,175
5,272,341
6.50%, 10/20/53
1,627
1,698,861
6.50%, 06/15/54(h)
2,166
2,255,241
6.50%, 06/20/54
677
706,269
6.50%, 07/20/54
1,491
1,556,885
6.50%, 07/20/55
676
703,260
Uniform Mortgage-Backed Securities
1.50%, 03/01/36
342
307,115
1.50%, 10/01/36
288
259,233
1.50%, 11/01/36
189
169,697
1.50%, 02/01/37
1,931
1,734,069
1.50%, 03/01/37
2,753
2,470,592
1.50%, 04/01/37
459
412,265
1.50%, 08/01/37
259
232,096
1.50%, 06/18/40(h)
4,631
4,156,896
1.50%, 11/01/50
378
290,253
1.50%, 02/01/51
2,863
2,193,465
1.50%, 04/01/51
1,008
773,787
1.50%, 05/01/51
1,922
1,475,783
1.50%, 07/01/51
3,882
2,980,569
1.50%, 11/01/51
1,322
1,014,479
1.50%, 04/01/52
399
306,051
2.00%, 12/01/35
1,123
1,036,864
2.00%, 02/01/36
3,142
2,900,950
2.00%, 03/01/36
875
805,831
2.00%, 05/01/36
1,625
1,497,212
2.00%, 06/01/36
984
906,047
2.00%, 08/01/36
842
776,250
2.00%, 09/01/36
1,455
1,337,700
2.00%, 10/01/36
407
374,989
2.00%, 11/01/36
856
789,097
2.00%, 12/01/36
1,146
1,053,785
2.00%, 01/01/37
2,610
2,402,152
2.00%, 02/01/37
4,357
4,001,483
2.00%, 03/01/37
2,116
1,942,077
2.00%, 04/01/37
5,996
5,502,936
2.00%, 05/01/37
2,335
2,142,185
2.00%, 06/01/37
1,729
1,586,613
2.00%, 07/01/38
1,401
1,286,003
2.00%, 06/18/40(h)
16,561
15,206,452
2.00%, 06/01/50
2,700
2,191,779
2.00%, 07/01/50
1,077
874,183
2.00%, 08/01/50
628
510,669
2.00%, 09/01/50
3,227
2,618,462
2.00%, 10/01/50
2,257
1,830,429
2.00%, 11/01/50
3,539
2,864,947
2.00%, 12/01/50
6,742
5,506,026
2.00%, 01/01/51
3,093
2,511,273
2.00%, 02/01/51
2,408
1,948,396
2.00%, 03/01/51
3,794
3,073,193
2.00%, 04/01/51
10,758
8,700,550
2.00%, 05/01/51
10,523
8,516,438
2.00%, 06/01/51
3,364
2,729,520
2.00%, 07/01/51
3,932
3,180,649
2.00%, 08/01/51
4,788
3,863,372
2.00%, 09/01/51
1,533
1,236,415
2.00%, 10/01/51
12,009
9,721,063
40

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
2.00%, 11/01/51
$13,562
$10,955,396
2.00%, 12/01/51
5,579
4,512,157
2.00%, 01/01/52
7,638
6,169,290
2.00%, 02/01/52
15,123
12,175,178
2.00%, 03/01/52(i)
25,040
20,161,323
2.00%, 04/01/52
4,629
3,728,916
2.00%, 05/01/52
19,807
15,955,469
2.00%, 07/01/52
1,234
994,416
2.00%, 10/01/52
5,298
4,263,900
2.00%, 06/11/56(h)
30,600
24,470,415
2.50%, 01/01/32
39
37,457
2.50%, 04/01/32
173
166,454
2.50%, 06/01/32
71
68,082
2.50%, 01/01/33
26
25,183
2.50%, 11/01/34
250
235,502
2.50%, 07/01/35
346
328,394
2.50%, 10/01/35
1,474
1,394,688
2.50%, 03/01/36
609
576,332
2.50%, 05/01/36
1,260
1,189,221
2.50%, 06/01/36
319
301,115
2.50%, 07/01/36
1,230
1,160,136
2.50%, 08/01/36
1,502
1,416,889
2.50%, 03/01/37
705
664,296
2.50%, 04/01/37
1,646
1,551,083
2.50%, 05/01/37
1,523
1,433,726
2.50%, 06/01/37
639
601,489
2.50%, 06/16/41(h)
8,188
7,710,793
2.50%, 04/01/47
11
9,111
2.50%, 05/01/50
1,905
1,617,060
2.50%, 06/01/50
73
60,964
2.50%, 07/01/50
181
155,186
2.50%, 08/01/50
198
169,061
2.50%, 09/01/50
1,251
1,065,968
2.50%, 10/01/50
477
405,392
2.50%, 11/01/50
6,000
5,119,896
2.50%, 12/01/50
5,612
4,711,829
2.50%, 01/01/51
857
724,299
2.50%, 02/01/51
1,365
1,154,933
2.50%, 03/01/51
1,554
1,318,527
2.50%, 04/01/51
253
211,785
2.50%, 07/01/51
3,993
3,371,460
2.50%, 08/01/51
7,515
6,378,300
2.50%, 09/01/51
10,895
9,194,571
2.50%, 10/01/51
12,056
10,222,987
2.50%, 11/01/51
5,078
4,289,533
2.50%, 12/01/51
15,607
13,183,143
2.50%, 01/01/52
14,761
12,464,338
2.50%, 02/01/52
13,025
10,973,904
2.50%, 03/01/52
5,755
4,852,759
2.50%, 04/01/52
8,361
7,035,030
2.50%, 05/01/52
1,738
1,465,018
2.50%, 07/01/52
3,660
3,082,097
2.50%, 01/01/54
986
831,707
2.50%, 06/11/56(h)
18,075
15,121,585
3.00%, 03/01/30
307
301,859
3.00%, 01/01/31
18
17,695
3.00%, 08/01/32
43
41,951
3.00%, 10/01/33
18
17,751
3.00%, 07/01/34
4
4,088
3.00%, 09/01/34
31
30,107
3.00%, 11/01/34
16
15,182
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
3.00%, 12/01/34
$38
$36,643
3.00%, 03/01/35
119
114,060
3.00%, 07/01/35
95
91,217
3.00%, 10/01/35
322
308,076
3.00%, 04/01/37
935
889,562
3.00%, 07/01/37
537
511,890
3.00%, 11/01/38
4,195
3,991,162
3.00%, 06/16/41(h)
3,893
3,700,302
3.00%, 07/01/46
336
303,569
3.00%, 11/01/46
694
623,358
3.00%, 12/01/46
333
299,142
3.00%, 12/01/47
148
132,457
3.00%, 01/01/48
51
45,845
3.00%, 03/01/48
929
830,833
3.00%, 11/01/48
100
89,685
3.00%, 02/01/49
3,377
3,052,338
3.00%, 09/01/49
8
6,966
3.00%, 11/01/49
6
5,436
3.00%, 12/01/49
75
66,489
3.00%, 02/01/50
1,411
1,246,780
3.00%, 03/01/50
123
108,851
3.00%, 04/01/50
55
49,048
3.00%, 06/01/50
2,965
2,609,584
3.00%, 07/01/50
1,943
1,718,747
3.00%, 08/01/50
1,478
1,315,642
3.00%, 09/01/50
450
398,114
3.00%, 10/01/50
3,416
3,006,630
3.00%, 11/01/50
778
687,356
3.00%, 12/01/50
372
328,887
3.00%, 01/01/51
965
853,807
3.00%, 04/01/51
6,240
5,454,695
3.00%, 05/01/51
2,637
2,337,278
3.00%, 06/01/51
8,504
7,503,756
3.00%, 07/01/51
3,859
3,409,898
3.00%, 08/01/51
761
675,750
3.00%, 11/01/51
436
384,055
3.00%, 01/01/52
3,051
2,667,295
3.00%, 02/01/52
1,898
1,677,481
3.00%, 03/01/52
6,088
5,356,085
3.00%, 04/01/52
7,715
6,789,311
3.00%, 05/01/52
3,558
3,122,097
3.00%, 07/01/52
2,154
1,886,850
3.00%, 06/11/56(h)
8,350
7,291,475
3.50%, 06/01/33
11
10,951
3.50%, 11/01/33
9
8,718
3.50%, 02/01/34
223
217,347
3.50%, 07/01/34
3
2,824
3.50%, 08/01/34
7
6,735
3.50%, 01/01/35
10
9,486
3.50%, 11/01/38
4,197
4,026,936
3.50%, 06/16/41(h)
1,072
1,025,158
3.50%, 09/01/42
1,910
1,796,199
3.50%, 07/01/45
3,301
3,063,916
3.50%, 08/01/45
33
30,336
3.50%, 01/01/46
74
69,859
3.50%, 09/01/46
305
282,866
3.50%, 01/01/47
44
41,019
3.50%, 07/01/47
1,453
1,361,051
3.50%, 08/01/47
9
8,683
3.50%, 10/01/47
871
804,596
3.50%, 11/01/47
213
197,055
41

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
3.50%, 01/01/48
$1,607
$1,484,164
3.50%, 02/01/48
651
601,123
3.50%, 04/01/48
51
46,752
3.50%, 07/01/48
135
124,765
3.50%, 11/01/48
8
7,492
3.50%, 01/01/49
89
82,622
3.50%, 02/01/49
224
207,551
3.50%, 03/01/49
641
591,927
3.50%, 06/01/49
2,119
1,955,221
3.50%, 08/01/49
798
737,207
3.50%, 09/01/49
1,734
1,594,343
3.50%, 04/01/50
126
115,800
3.50%, 05/01/50
4,255
3,909,389
3.50%, 06/01/50
244
224,394
3.50%, 07/01/50
370
339,405
3.50%, 02/01/51
3,554
3,266,659
3.50%, 10/01/51
666
614,394
3.50%, 04/01/52
4,058
3,710,794
3.50%, 05/01/52
9,976
9,106,017
3.50%, 06/01/52
4,609
4,227,327
3.50%, 07/01/52
1,632
1,486,143
3.50%, 06/11/56(h)
8,203
7,455,342
4.00%, 07/01/33
7
6,652
4.00%, 08/01/37
156
152,789
4.00%, 09/01/37
205
200,721
4.00%, 11/01/37
295
288,780
4.00%, 02/01/38
153
150,153
4.00%, 05/01/38
136
132,966
4.00%, 11/01/38
84
82,141
4.00%, 06/15/39(h)
5,050
4,903,654
4.00%, 11/01/39
1,223
1,191,243
4.00%, 12/01/39
2,819
2,745,678
4.00%, 08/01/40
146
142,518
4.00%, 01/01/46
202
194,291
4.00%, 10/01/46
6
5,567
4.00%, 07/01/47
1,360
1,295,913
4.00%, 08/01/47
257
245,709
4.00%, 09/01/47
309
294,593
4.00%, 05/01/48
1,813
1,720,330
4.00%, 09/01/48
2,030
1,925,907
4.00%, 10/01/48
4
3,791
4.00%, 12/01/48
2
1,956
4.00%, 01/01/49
1,094
1,037,876
4.00%, 03/01/49
1,254
1,190,493
4.00%, 05/01/49
12
11,314
4.00%, 06/01/49
12
11,724
4.00%, 07/01/49
1,665
1,579,910
4.00%, 11/01/49
224
211,681
4.00%, 12/01/49
7
6,701
4.00%, 01/01/50
68
64,608
4.00%, 04/01/50
1,497
1,420,354
4.00%, 05/01/50
876
828,826
4.00%, 05/01/51
216
204,738
4.00%, 04/01/52
509
479,845
4.00%, 05/01/52
1,186
1,115,852
4.00%, 06/01/52
1,347
1,267,285
4.00%, 07/01/52
2,943
2,770,892
4.00%, 08/01/52
3,180
2,990,709
4.00%, 09/01/52
472
444,120
4.00%, 10/01/52
579
547,702
4.00%, 12/01/52
4,207
3,953,750
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
4.00%, 02/01/53
$3,409
$3,232,677
4.00%, 06/01/54
1,595
1,494,610
4.00%, 06/11/56(h)
11,375
10,648,860
4.50%, 06/15/39(h)
25
24,733
4.50%, 10/01/40
257
253,815
4.50%, 02/01/41
245
242,493
4.50%, 03/01/41
248
244,913
4.50%, 10/01/47
7
7,016
4.50%, 08/01/48
17
16,874
4.50%, 10/01/48
321
314,323
4.50%, 11/01/48
14
13,651
4.50%, 12/01/48
16
16,169
4.50%, 01/01/49
51
49,550
4.50%, 02/01/49
67
65,863
4.50%, 04/01/49
125
122,919
4.50%, 05/01/49
8
8,134
4.50%, 09/01/50
994
971,840
4.50%, 05/01/52
343
333,827
4.50%, 06/01/52
7,353
7,111,055
4.50%, 07/01/52
180
174,401
4.50%, 08/01/52
1,471
1,422,221
4.50%, 09/01/52
3,250
3,147,162
4.50%, 10/01/52
7,268
7,035,649
4.50%, 11/01/52
904
873,856
4.50%, 12/01/52
3,601
3,493,641
4.50%, 08/01/53
833
805,531
4.50%, 03/01/55
3,123
3,003,664
4.50%, 06/11/56(h)
19,720
18,929,259
5.00%, 06/01/48
97
96,854
5.00%, 04/01/49
8
8,544
5.00%, 12/01/49
296
297,329
5.00%, 08/01/52
328
325,713
5.00%, 09/01/52
682
678,542
5.00%, 10/01/52
686
681,008
5.00%, 11/01/52
1,623
1,612,391
5.00%, 12/01/52
926
921,758
5.00%, 01/01/53
6,481
6,433,606
5.00%, 02/01/53
129
127,887
5.00%, 03/01/53
471
469,286
5.00%, 04/01/53
1,796
1,780,428
5.00%, 05/01/53
527
522,369
5.00%, 06/01/53
1,231
1,223,327
5.00%, 08/01/53
5,627
5,575,652
5.00%, 02/01/54
1,921
1,903,842
5.00%, 10/01/54
3,977
3,922,985
5.00%, 11/01/54
5,207
5,136,945
5.00%, 12/01/54
1,221
1,205,207
5.00%, 01/01/55
3,172
3,131,261
5.00%, 11/01/55
1,711
1,694,109
5.00%, 12/01/55
3,947
3,900,321
5.00%, 01/01/56
2,209
2,184,321
5.00%, 03/01/56
9,233
9,135,873
5.00%, 04/01/56
3,772
3,734,479
5.00%, 05/01/56
4,876
4,827,107
5.00%, 06/11/56(h)
20,150
19,822,376
5.50%, 09/01/52
361
368,711
5.50%, 11/01/52
1,117
1,134,676
5.50%, 12/01/52
1,901
1,934,729
5.50%, 01/01/53
2,739
2,786,521
5.50%, 02/01/53
2,806
2,846,896
5.50%, 03/01/53
2,742
2,779,500
42

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
5.50%, 04/01/53
$5,020
$5,088,372
5.50%, 05/01/53
5,929
5,982,565
5.50%, 06/01/53
455
462,840
5.50%, 07/01/53
1,623
1,648,405
5.50%, 08/01/53
1,701
1,715,314
5.50%, 09/01/53
2,939
2,964,143
5.50%, 03/01/54
3,574
3,601,753
5.50%, 04/01/54
870
880,278
5.50%, 05/01/54
1,802
1,818,527
5.50%, 06/01/54
1,307
1,316,241
5.50%, 08/01/54
2,111
2,133,565
5.50%, 10/01/54
1,847
1,858,901
5.50%, 11/01/54
3,717
3,766,842
5.50%, 03/01/55
783
790,939
5.50%, 04/01/55
1,608
1,623,870
5.50%, 05/01/55
539
543,144
5.50%, 07/01/55
797
803,971
5.50%, 08/01/55
2,907
2,933,763
5.50%, 09/01/55
11,823
11,934,561
5.50%, 10/01/55
1,678
1,698,756
5.50%, 11/01/55
6,184
6,256,722
5.50%, 12/01/55
1,358
1,376,155
5.50%, 01/01/56
870
879,312
5.50%, 02/01/56
1,197
1,211,149
5.50%, 03/01/56
570
577,316
5.50%, 06/11/56(h)
9,551
9,593,153
6.00%, 12/01/52
118
120,958
6.00%, 01/01/53
369
385,293
6.00%, 02/01/53
755
776,344
6.00%, 06/01/53
206
212,510
6.00%, 07/01/53
815
834,874
6.00%, 08/01/53
5,079
5,252,073
6.00%, 09/01/53
2,927
3,009,889
6.00%, 11/01/53
2,280
2,338,753
6.00%, 12/01/53
669
689,727
6.00%, 01/01/54
1,285
1,316,214
6.00%, 02/01/54
301
311,132
6.00%, 03/01/54
509
521,092
6.00%, 04/01/54
1,478
1,519,117
6.00%, 05/01/54
4,420
4,557,278
6.00%, 07/01/54
527
545,053
6.00%, 08/01/54
4,316
4,437,383
6.00%, 09/01/54
2,448
2,527,787
6.00%, 10/01/54
1,937
1,980,797
6.00%, 11/01/54
585
605,631
6.00%, 02/01/55
1,091
1,121,105
6.00%, 03/01/55
3,224
3,309,460
6.00%, 04/01/55
3,170
3,245,446
6.00%, 05/01/55
1,208
1,236,009
6.00%, 06/01/55
1,409
1,448,394
6.00%, 07/01/55
4,794
4,909,862
6.00%, 08/01/55
2,169
2,222,260
6.00%, 09/01/55
2,331
2,385,740
6.00%, 10/01/55
189
195,642
6.00%, 12/01/55
724
746,176
6.00%, 02/01/56
272
280,770
6.00%, 06/11/56(h)
18,100
18,481,370
6.50%, 10/01/53
2,933
3,078,406
6.50%, 11/01/53
1,812
1,884,934
6.50%, 12/01/53
3,017
3,165,858
6.50%, 01/01/54
2,674
2,807,228
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
6.50%, 02/01/54
$830
$870,670
6.50%, 03/01/54
2,467
2,577,827
6.50%, 04/01/54
548
576,376
6.50%, 07/01/54
587
614,715
6.50%, 08/01/54
2,456
2,558,644
6.50%, 09/01/54
1,167
1,221,299
6.50%, 01/01/55
1,584
1,650,224
6.50%, 02/01/55
1,645
1,721,514
6.50%, 04/01/55
1,026
1,068,182
6.50%, 07/01/55
2,032
2,121,937
6.50%, 08/01/55
979
1,025,958
6.50%, 09/01/55
584
611,387
6.50%, 06/11/56(h)
600
623,656
 
1,156,560,246
U.S. Government Agency Obligations — 0.1%
Federal National Mortgage Association
5.63%, 07/15/37
2,142
2,322,894
6.21%, 08/06/38
110
125,264
6.63%, 11/15/30
440
483,974
7.13%, 01/15/30
750
825,139
 
3,757,271
U.S. Government Obligations — 45.0%
U.S. Treasury Bonds
1.13%, 05/15/40
7,410
4,653,248
1.13%, 08/15/40
10,130
6,294,845
1.25%, 05/15/50
7,410
3,486,173
1.38%, 11/15/40
7,971
5,121,368
1.38%, 08/15/50
7,620
3,694,509
1.63%, 11/15/50
7,649
3,955,967
1.75%, 08/15/41
13,935
9,288,548
1.88%, 02/15/41
14,019
9,670,920
1.88%, 02/15/51
10,760
5,918,000
1.88%, 11/15/51
12,126
6,597,302
2.00%, 11/15/41
12,445
8,571,494
2.00%, 02/15/50
4,450
2,567,789
2.00%, 08/15/51
12,748
7,186,685
2.25%, 05/15/41
9,544
6,925,365
2.25%, 08/15/46
6,855
4,436,470
2.25%, 08/15/49
3,400
2,096,313
2.25%, 02/15/52
11,167
6,658,324
2.38%, 02/15/42
9,544
6,924,019
2.38%, 11/15/49
3,690
2,329,889
2.38%, 05/15/51
13,438
8,323,161
2.50%, 02/15/45
2,250
1,565,859
2.50%, 02/15/46
6,050
4,140,469
2.50%, 05/15/46
4,950
3,376,055
2.75%, 08/15/42
1,475
1,120,539
2.75%, 11/15/42
3,425
2,589,086
2.75%, 08/15/47
4,300
3,018,734
2.75%, 11/15/47
5,500
3,850,000
2.88%, 05/15/43
1,600
1,220,500
2.88%, 08/15/45
3,395
2,501,691
2.88%, 11/15/46
3,800
2,755,594
2.88%, 05/15/49
1,435
1,011,451
2.88%, 05/15/52
10,260
7,034,512
3.00%, 05/15/42
170
134,619
3.00%, 11/15/44
1,600
1,216,000
3.00%, 05/15/45
1,665
1,257,075
3.00%, 11/15/45
4,316
3,237,000
3.00%, 02/15/47
4,475
3,308,703
43

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
U.S. Government Obligations (continued)
3.00%, 05/15/47
$3,900
$2,876,250
3.00%, 02/15/48
11,765
8,601,318
3.00%, 08/15/48
3,855
2,803,308
3.00%, 02/15/49
2,225
1,610,344
3.00%, 08/15/52
9,995
7,024,611
3.13%, 11/15/41
825
670,441
3.13%, 02/15/42
1,000
808,750
3.13%, 02/15/43
2,500
1,986,719
3.13%, 08/15/44
1,600
1,245,000
3.13%, 05/15/48
10,450
7,796,680
3.25%, 05/15/42
8,268
6,777,668
3.38%, 08/15/42
7,972
6,624,234
3.38%, 05/15/44
1,020
827,156
3.38%, 11/15/48
8,400
6,525,750
3.50%, 02/15/39
1,350
1,208,672
3.63%, 08/15/43
1,225
1,038,379
3.63%, 02/15/44
720
606,938
3.63%, 02/15/53
12,593
9,987,823
3.63%, 05/15/53
10,610
8,406,767
3.75%, 11/15/43
300
258,000
3.88%, 08/15/40
300
272,578
3.88%, 02/15/43
5,119
4,515,918
3.88%, 05/15/43
5,452
4,796,908
4.00%, 11/15/42
5,300
4,764,203
4.00%, 11/15/52
11,627
9,872,050
4.13%, 08/15/44
6,349
5,713,108
4.13%, 08/15/53
9,163
7,946,039
4.25%, 05/15/39
1,200
1,154,625
4.25%, 11/15/40
250
236,367
4.25%, 02/15/54
12,286
10,878,869
4.25%, 08/15/54
12,502
11,074,037
4.38%, 02/15/38
2,400
2,374,875
4.38%, 11/15/39
150
145,078
4.38%, 05/15/40
250
240,781
4.38%, 05/15/41
500
477,266
4.38%, 08/15/43
7,067
6,616,479
4.50%, 02/15/36
900
910,125
4.50%, 05/15/38
6,052
6,041,598
4.50%, 08/15/39
2,000
1,965,313
4.50%, 02/15/44
6,187
5,865,083
4.50%, 11/15/54
9,539
8,811,651
4.63%, 02/15/40
250
247,695
4.63%, 05/15/44
8,791
8,455,843
4.63%, 11/15/44
5,733
5,499,201
4.63%, 11/15/45
6,211
5,936,357
4.63%, 02/15/46
6,022
5,751,951
4.63%, 05/15/54
9,627
9,076,456
4.63%, 02/15/55
9,633
9,085,123
4.63%, 11/15/55
9,775
9,228,211
4.75%, 02/15/37
500
513,281
4.75%, 11/15/43
7,211
7,062,273
4.75%, 02/15/45
6,725
6,548,469
4.75%, 11/15/53
12,719
12,220,177
4.75%, 05/15/55
9,607
9,248,239
4.75%, 08/15/55
10,390
10,005,245
4.75%, 02/15/56
8,676
8,364,206
4.88%, 08/15/45
5,851
5,778,777
5.00%, 05/15/37
2,400
2,516,625
5.00%, 05/15/45
6,983
7,011,368
5.00%, 05/15/46
3,209
3,218,777
5.00%, 05/15/56
3,028
3,037,463
Security
Par
(000
)
Value
U.S. Government Obligations (continued)
5.38%, 02/15/31
$1,000
$1,051,563
6.13%, 08/15/29
1,000
1,059,375
6.25%, 05/15/30
100
107,609
6.38%, 08/15/27
800
821,875
U.S. Treasury Notes
0.38%, 09/30/27
5,400
5,152,148
0.50%, 06/30/27
1,900
1,831,941
0.50%, 08/31/27
6,300
6,037,910
0.50%, 10/31/27
9,250
8,813,154
0.63%, 11/30/27
7,450
7,089,723
0.63%, 12/31/27
10,300
9,773,332
0.63%, 05/15/30
2,600
2,272,563
0.63%, 08/15/30
7,300
6,324,766
0.75%, 01/31/28
7,849
7,441,833
0.88%, 11/15/30
14,652
12,731,214
1.00%, 07/31/28
7,714
7,235,491
1.13%, 02/29/28
6,958
6,623,418
1.13%, 08/31/28
8,750
8,209,961
1.13%, 02/15/31
14,700
12,831,492
1.25%, 03/31/28
7,100
6,758,035
1.25%, 04/30/28
11,869
11,271,377
1.25%, 05/31/28
7,902
7,487,145
1.25%, 06/30/28
7,770
7,345,685
1.25%, 09/30/28
12,200
11,451,797
1.25%, 08/15/31
16,015
13,845,468
1.38%, 10/31/28
6,961
6,538,446
1.38%, 12/31/28
8,962
8,381,571
1.38%, 11/15/31
17,668
15,262,115
1.50%, 11/30/28
7,615
7,159,885
1.50%, 02/15/30
4,200
3,829,547
1.63%, 05/15/31
14,018
12,445,356
1.75%, 01/31/29
7,200
6,785,438
1.88%, 02/28/29
6,212
5,864,031
1.88%, 02/15/32
13,122
11,580,165
2.25%, 08/15/27
2,100
2,058,656
2.25%, 11/15/27
5,070
4,947,409
2.38%, 03/31/29
6,200
5,924,875
2.38%, 05/15/29
6,090
5,809,765
2.63%, 02/15/29
5,215
5,025,141
2.63%, 07/31/29
3,923
3,756,579
2.75%, 07/31/27
7,000
6,905,664
2.75%, 02/15/28
4,225
4,138,685
2.75%, 05/31/29
4,700
4,528,523
2.75%, 08/15/32
11,973
11,005,806
2.88%, 05/15/28
7,058
6,908,453
2.88%, 08/15/28
6,900
6,733,969
2.88%, 04/30/29
5,440
5,265,325
2.88%, 05/15/32
18,797
17,475,336
3.13%, 08/31/27
5,564
5,508,577
3.13%, 11/15/28
275
269,199
3.13%, 08/31/29
6,900
6,702,164
3.25%, 06/30/27
6,540
6,494,271
3.25%, 06/30/29
5,500
5,372,383
3.38%, 09/15/27
13,170
13,076,884
3.38%, 11/30/27
8,747
8,672,172
3.38%, 12/31/27
10,675
10,575,339
3.38%, 02/29/28(c)
13,286
13,150,026
3.38%, 09/15/28
7,177
7,075,513
3.38%, 05/15/33
13,850
13,094,742
3.50%, 09/30/27
8,206
8,158,559
3.50%, 10/31/27
10,329
10,263,233
44

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
U.S. Government Obligations (continued)
3.50%, 01/31/28
$16,830
$16,697,201
3.50%, 04/30/28
5,400
5,350,008
3.50%, 10/15/28
11,234
11,098,841
3.50%, 11/15/28
7,717
7,620,537
3.50%, 12/15/28
11,180
11,035,883
3.50%, 01/15/29
11,363
11,210,310
3.50%, 02/15/29
11,600
11,438,687
3.50%, 03/15/29
9,035
8,907,239
3.50%, 09/30/29
9,318
9,151,295
3.50%, 01/31/30
8,400
8,230,031
3.50%, 04/30/30
9,000
8,804,531
3.50%, 11/30/30
10,305
10,042,545
3.50%, 02/28/31
11,748
11,432,272
3.50%, 02/15/33
13,501
12,897,674
3.63%, 08/31/27
8,666
8,632,148
3.63%, 03/31/28
8,500
8,444,219
3.63%, 05/31/28
9,000
8,934,258
3.63%, 08/15/28
8,082
8,015,702
3.63%, 08/31/29
9,245
9,118,604
3.63%, 03/31/30
5,180
5,093,802
3.63%, 08/31/30
9,247
9,069,284
3.63%, 09/30/30
10,518
10,313,392
3.63%, 10/31/30
8,671
8,497,580
3.63%, 12/31/30
9,614
9,412,707
3.63%, 09/30/31
6,668
6,495,570
3.75%, 06/30/27
7,399
7,386,283
3.75%, 08/15/27
7,403
7,386,517
3.75%, 04/15/28
11,180
11,129,777
3.75%, 04/30/28
10,799
10,749,645
3.75%, 05/15/28
17,385
17,302,150
3.75%, 12/31/28
7,147
7,096,189
3.75%, 05/31/30
10,000
9,869,531
3.75%, 06/30/30
6,000
5,918,437
3.75%, 12/31/30
4,806
4,729,780
3.75%, 01/31/31
9,818
9,659,992
3.75%, 08/31/31
9,079
8,900,967
3.75%, 10/31/32
9,646
9,376,213
3.75%, 11/30/32
3,750
3,643,066
3.75%, 02/28/33
7,153
6,936,734
3.88%, 07/31/27
8,519
8,512,345
3.88%, 10/15/27
6,457
6,449,938
3.88%, 11/30/27
867
865,713
3.88%, 12/31/27
9,505
9,488,663
3.88%, 03/15/28
6,282
6,269,240
3.88%, 03/31/28
14,063
14,032,786
3.88%, 06/15/28
12,174
12,141,663
3.88%, 07/15/28
6,613
6,593,884
3.88%, 04/15/29
9,211
9,168,543
3.88%, 05/15/29
13,934
13,868,684
3.88%, 09/30/29
14,212
14,123,175
3.88%, 11/30/29
3,800
3,773,875
3.88%, 12/31/29
8,000
7,943,125
3.88%, 04/30/30
14,900
14,777,774
3.88%, 06/30/30
8,988
8,908,653
3.88%, 07/31/30
13,302
13,181,451
3.88%, 03/31/31
11,949
11,814,574
3.88%, 04/30/31
21,560
21,312,397
3.88%, 08/31/32
3,595
3,523,662
3.88%, 09/30/32
11,144
10,918,508
3.88%, 12/31/32
4,181
4,089,214
3.88%, 08/15/33
15,595
15,188,068
Security
Par
(000
)
Value
U.S. Government Obligations (continued)
3.88%, 08/15/34
$18,457
$17,848,496
4.00%, 12/15/27
12,444
12,448,375
4.00%, 02/29/28
8,000
8,001,250
4.00%, 06/30/28
10,146
10,143,622
4.00%, 01/31/29
8,481
8,470,399
4.00%, 07/31/29
11,240
11,218,047
4.00%, 10/31/29
11,057
11,028,494
4.00%, 02/28/30
15,400
15,348,266
4.00%, 03/31/30
13,947
13,899,057
4.00%, 05/31/30
8,459
8,425,957
4.00%, 07/31/30
4,349
4,330,313
4.00%, 01/31/31
9,424
9,369,517
4.00%, 04/30/32
5,944
5,878,523
4.00%, 06/30/32
6,720
6,639,675
4.00%, 07/31/32
8,195
8,091,922
4.00%, 01/31/33
7,737
7,617,923
4.00%, 02/15/34
22,859
22,369,675
4.00%, 11/15/35
18,271
17,674,338
4.13%, 09/30/27
5,371
5,382,959
4.13%, 10/31/27
4,800
4,810,125
4.13%, 11/15/27
5,887
5,898,958
4.13%, 07/31/28
11,582
11,607,336
4.13%, 03/31/29
8,484
8,500,570
4.13%, 10/31/29
17,861
17,883,326
4.13%, 11/30/29
8,402
8,413,159
4.13%, 08/31/30
6,200
6,199,516
4.13%, 03/31/31
6,094
6,088,763
4.13%, 07/31/31
10,676
10,660,153
4.13%, 10/31/31
9,000
8,976,094
4.13%, 11/30/31
9,241
9,215,732
4.13%, 02/29/32
9,329
9,292,559
4.13%, 03/31/32
6,992
6,963,595
4.13%, 05/31/32
9,330
9,284,079
4.13%, 11/15/32
16,434
16,318,448
4.13%, 04/30/33
5,537
5,485,523
4.13%, 02/15/36
16,058
15,669,095
4.25%, 01/15/28
6,854
6,881,309
4.25%, 02/15/28
13,356
13,412,346
4.25%, 02/28/29
7,864
7,904,549
4.25%, 06/30/29
9,745
9,796,770
4.25%, 01/31/30
17,948
18,040,544
4.25%, 02/28/31
5,200
5,224,781
4.25%, 06/30/31
10,997
11,044,253
4.25%, 03/31/33
5,551
5,543,194
4.25%, 11/15/34
18,766
18,604,730
4.25%, 05/15/35
18,477
18,272,021
4.25%, 08/15/35
19,312
19,076,635
4.38%, 07/15/27
8,218
8,258,127
4.38%, 08/31/28
11,011
11,092,722
4.38%, 11/30/28
7,600
7,660,562
4.38%, 12/31/29
8,348
8,426,915
4.38%, 11/30/30
6,000
6,059,531
4.38%, 01/31/32
7,320
7,385,194
4.38%, 05/15/34
18,954
18,998,423
4.38%, 05/15/36
7,589
7,551,055
4.50%, 05/31/29
9,110
9,221,740
4.50%, 12/31/31
6,546
6,645,724
4.50%, 11/15/33
16,210
16,402,494
4.63%, 06/15/27
7,994
8,051,769
4.63%, 09/30/28
10,937
11,081,403
4.63%, 04/30/29
9,000
9,139,219
45

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
U.S. Government Obligations (continued)
4.63%, 09/30/30
$6,255
$6,378,634
4.63%, 04/30/31
5,212
5,321,533
4.63%, 05/31/31
5,000
5,105,078
4.63%, 02/15/35
19,112
19,443,474
4.88%, 10/31/28
7,992
8,144,347
4.88%, 10/31/30
5,000
5,149,219
U.S. Treasury Notes/Bonds
2.63%, 05/31/27
7,524
7,429,950
3.88%, 05/31/27
9,979
9,975,102
 
2,174,667,171
Total U.S. Government & Agency Obligations — 69.0%
(Cost: $3,495,398,582)
3,334,984,688
Total Long-Term Investments — 98.6%
(Cost: $4,972,476,540)
4,768,588,728
 
Shares
 
Short-Term Securities
Money Market Funds — 5.4%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 3.76%(j)(k)
239,080,526
239,152,250
BlackRock Cash Funds: Treasury, SL Agency
Shares, 3.58%(j)(k)(l)
25,286,232
25,286,232
Total Short-Term Securities — 5.4%
(Cost: $264,379,989)
264,438,482
Total Investments Before TBA Sales Commitments — 104.0%
(Cost: $5,236,856,529)
5,033,027,210
 
Par
(000
)
 
TBA Sales Commitments(h)
Mortgage-Backed Securities — (0.1)%
Government National Mortgage Association,
5.50%, 06/22/56
$(225
)
(226,388
)
Security
Par
(000
)
Value
Mortgage-Backed Securities (continued)
Uniform Mortgage-Backed Securities, 5.00%,
06/11/56
$(2,275
)
$(2,238,010
)
Total TBA Sales Commitments — (0.1)%
(Proceeds: $(2,455,074))
(2,464,398
)
Total Investments, Net of TBA Sales Commitments — 103.9%
(Cost: $5,234,401,455)
5,030,562,812
Liabilities in Excess of Other Assets — (3.9)%
(193,152,601
)
Net Assets — 100.0%
$4,837,410,211
(a)
Variable rate security. Interest rate resets periodically. The rate shown is the effective
interest rate as of period end. Security description also includes the reference rate and
spread if published and available.
(b)
Security exempt from registration pursuant to Rule 144A under the Securities Act of
1933, as amended. These securities may be resold in transactions exempt from
registration to qualified institutional investors.
(c)
All or a portion of this security is on loan.
(d)
Zero-coupon bond.
(e)
Step coupon security. Coupon rate will either increase (step-up bond) or decrease
(step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate
currently in effect.
(f)
U.S. dollar denominated security issued by foreign domiciled entity.
(g)
Perpetual security with no stated maturity date.
(h)
Represents or includes a TBA transaction.
(i)
All or a portion of the security has been pledged as collateral in connection with
outstanding TBA commitments.
(j)
Affiliate of the Fund.
(k)
Annualized 7-day yield as of period end.
(l)
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 May 31, 2026 for purposes of Section 2(a)(3) of the Investment CompanyAct of 1940, as amended, were as follows:
Affiliated Issuer
Value at
02/28/26
Purchases
at Cost
Proceeds
from Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
05/31/26
Shares
Held at
05/31/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: Institutional, SL
Agency Shares
$220,881,472
$18,310,550
(a)
$
$(17,221
)
$(22,551
)
$239,152,250
239,080,526
$2,188,020
$
BlackRock Cash Funds: Treasury, SL
Agency Shares
14,627,245
10,658,987
(a)
25,286,232
25,286,232
27,711
(b)
 
 
 
 
$(17,221)
$(22,551)
$264,438,482
 
$2,215,731
$
(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.
46

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware U.S. Aggregate Bond ETF
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
Asset-Backed Securities
$
$16,518,589
$
$16,518,589
Collateralized Mortgage Obligations
52,781,985
52,781,985
Corporate Bonds & Notes
1,219,585,108
1,219,585,108
Foreign Government Obligations
144,718,358
144,718,358
U.S. Government & Agency Obligations
3,334,984,688
3,334,984,688
Short-Term Securities
Money Market Funds
264,438,482
264,438,482
Liabilities
Investments
TBA Sales Commitments
(2,464,398
)
(2,464,398
)
 
$264,438,482
$4,766,124,330
$
$5,030,562,812
Portfolio Abbreviation
CME
Chicago Mercantile Exchange
CMT
Constant Maturity Treasury
SCA
Svenska Celluosa Aktiebolaget
SOFR
Secured Overnight Financing Rate
TBA
To-Be-Announced
47