Schedule of Investments (unaudited)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Corporate Bonds & Notes
Advertising — 0.0%
WPP2025 LLC/Delaware, 6.50%, 03/30/36
$50
$49,042
Aerospace & Defense — 1.2%
GE Capital International Funding Co. Unlimited
Co., 4.42%, 11/15/35
615
587,760
General Electric Co.
4.35%, 05/01/50(a)
60
50,643
5.88%, 01/14/38
125
133,339
6.75%, 03/15/32
710
784,756
6.88%, 01/10/39
92
106,448
Honeywell Aerospace, Inc.
4.30%, 03/16/31(b)
40
39,387
4.60%, 03/16/33(b)
2,050
2,018,808
4.95%, 03/16/36(b)
2,170
2,144,352
5.73%, 03/16/56(b)
535
535,175
Howmet Aerospace, Inc., 5.95%, 02/01/37(a)
150
159,420
L3Harris Technologies, Inc.
4.85%, 04/27/35
385
378,614
5.50%, 08/15/54
315
304,293
5.60%, 07/31/53(a)
110
107,867
Northrop Grumman Corp.
4.03%, 10/15/47
188
149,542
4.90%, 06/01/34
832
830,311
4.95%, 03/15/53(a)
523
466,885
5.15%, 05/01/40
116
113,502
5.20%, 06/01/54(a)
762
707,476
5.25%, 05/01/50
197
184,598
RTX Corp.
2.25%, 07/01/30
1,002
917,218
2.82%, 09/01/51
212
131,297
3.03%, 03/15/52(a)
54
34,744
3.13%, 07/01/50
545
361,980
3.75%, 11/01/46
282
215,682
4.05%, 05/04/47
242
192,765
4.13%, 11/16/28
885
879,370
4.15%, 05/15/45
254
209,069
4.35%, 04/15/47
65
54,174
4.45%, 11/16/38
86
79,645
4.50%, 06/01/42
934
834,075
4.63%, 11/16/48
507
437,013
4.70%, 12/15/41
222
204,486
4.88%, 10/15/40
129
122,476
5.40%, 05/01/35
300
309,942
5.70%, 04/15/40
340
348,739
5.75%, 01/15/29
5
5,165
6.00%, 03/15/31
55
58,231
6.05%, 06/01/36
340
365,276
6.10%, 03/15/34
30
32,214
6.13%, 07/15/38
335
360,334
6.40%, 03/15/54(a)
60
65,555
7.50%, 09/15/29
625
680,905
 
16,703,531
Agriculture — 0.5%
Archer-Daniels-Midland Co.
2.70%, 09/15/51
373
227,569
3.25%, 03/27/30
145
138,597
3.75%, 09/15/47
120
91,450
4.02%, 04/16/43
163
134,660
4.50%, 03/15/49
160
136,938
Security
Par
(000
)
Value
Agriculture (continued)
4.54%, 03/26/42
$99
$88,621
5.38%, 09/15/35
199
204,886
5.94%, 10/01/32
351
373,851
Bunge Ltd. Finance Corp.
2.75%, 05/14/31
923
843,658
3.75%, 09/25/27
2,392
2,375,280
4.10%, 01/07/28
923
918,982
4.20%, 09/17/29
485
479,685
4.55%, 08/04/30
100
99,492
4.65%, 09/17/34
847
821,297
4.80%, 03/19/33(a)
125
124,292
5.15%, 08/04/35
650
649,131
5.15%, 03/19/36
125
124,555
 
7,832,944
Airlines — 0.1%
Delta Air Lines, Inc.
3.75%, 10/28/29
115
111,130
5.25%, 07/10/30
1,030
1,041,880
 
1,153,010
Apparel — 0.1%
NIKE, Inc.
2.85%, 03/27/30
59
55,748
3.25%, 03/27/40
18
14,323
3.38%, 11/01/46
76
55,005
3.38%, 03/27/50
243
171,615
Ralph Lauren Corp., 2.95%, 06/15/30
45
42,290
Tapestry, Inc.
4.13%, 07/15/27
460
458,307
5.10%, 03/11/30
40
40,415
5.50%, 03/11/35
645
650,179
 
1,487,882
Auto Manufacturers — 1.2%
American Honda Finance Corp.
2.25%, 01/12/29
60
56,535
3.50%, 02/15/28
372
365,832
4.60%, 04/17/30
176
174,644
4.90%, 03/13/29(a)
90
90,680
4.90%, 01/10/34(a)
162
159,582
5.13%, 07/07/28
30
30,317
Cummins, Inc.
1.50%, 09/01/30
2,102
1,863,401
2.60%, 09/01/50
245
147,581
4.25%, 05/09/28(a)
50
49,997
4.70%, 02/15/31
125
125,834
4.88%, 10/01/43
384
361,845
4.90%, 02/20/29
1,036
1,050,437
5.15%, 02/20/34(a)
1,399
1,425,131
5.30%, 05/09/35(a)
437
446,624
5.45%, 02/20/54(a)
223
218,065
Ford Motor Co.
3.25%, 02/12/32
225
199,381
4.75%, 01/15/43
60
47,780
5.29%, 12/08/46
80
66,792
7.40%, 11/01/46(a)
465
495,481
Ford Motor Credit Co. LLC
2.90%, 02/10/29
55
51,867
3.63%, 06/17/31
400
367,788
4.00%, 11/13/30
314
296,537
5.11%, 05/03/29
507
505,522
6.13%, 03/08/34
175
177,445
1

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Auto Manufacturers (continued)
6.50%, 02/07/35
$90
$92,814
7.12%, 11/07/33(a)
600
643,168
7.20%, 06/10/30
40
42,414
General Motors Co.
5.00%, 04/01/35(a)
146
142,084
5.15%, 04/01/38
287
273,381
5.20%, 04/01/45
266
235,939
5.40%, 04/01/48(a)
196
176,053
5.60%, 10/15/32(a)
90
92,725
5.95%, 04/01/49(a)
285
273,909
6.25%, 10/02/43
306
307,578
6.60%, 04/01/36
354
380,746
6.75%, 04/01/46
255
268,951
General Motors Financial Co., Inc.
2.35%, 01/08/31
140
125,492
2.70%, 06/10/31
251
226,429
3.10%, 01/12/32
210
190,195
3.60%, 06/21/30
275
262,823
4.30%, 04/06/29
268
265,244
4.60%, 01/08/31
70
69,298
5.45%, 09/06/34
270
271,622
5.45%, 01/08/36(a)
50
49,902
5.65%, 01/17/29
154
157,484
5.90%, 01/07/35
105
108,476
5.95%, 04/04/34
125
129,800
6.10%, 01/07/34
379
397,246
6.15%, 07/15/35
275
287,406
6.40%, 01/09/33
306
326,643
Honda Motor Co. Ltd., 2.97%, 03/10/32
375
337,793
Mercedes-Benz Finance North America LLC,
8.50%, 01/18/31
633
729,374
Toyota Motor Corp., 3.67%, 07/20/28
23
22,759
Toyota Motor Credit Corp.
1.90%, 09/12/31
45
39,260
2.15%, 02/13/30
275
253,228
2.40%, 01/13/32
35
31,091
3.05%, 01/11/28
5
4,915
3.38%, 04/01/30
83
79,654
3.65%, 01/08/29(a)
60
59,023
4.70%, 01/12/33
405
403,670
 
16,533,687
Auto Parts & Equipment — 0.2%
Aptiv Swiss Holdings Ltd.
3.10%, 12/01/51
575
354,196
4.15%, 05/01/52(a)
476
354,067
4.40%, 10/01/46
51
39,873
5.40%, 03/15/49(a)
168
150,355
BorgWarner, Inc.
4.38%, 03/15/45
93
77,176
5.40%, 08/15/34(a)
360
366,396
Lear Corp.
3.50%, 05/30/30
132
125,692
3.55%, 01/15/52
267
180,936
4.25%, 05/15/29
749
739,913
5.25%, 05/15/49(a)
309
280,256
 
2,668,860
Banks — 19.7%
Banco Bilbao Vizcaya Argentaria SA
4.15%, 03/03/29
200
197,437
4.97%, 05/08/31
200
200,009
Security
Par
(000
)
Value
Banks (continued)
5.13%, 03/03/36
$310
$301,903
6.03%, 03/13/35, (1-year CMT + 1.95%)(c)
400
416,809
6.14%, 09/14/28, (1-year CMT + 2.70%)(c)
414
422,843
7.88%, 11/15/34, (1-year CMT + 3.30%)(c)
230
261,310
Banco Santander SA
2.75%, 12/03/30
195
176,250
2.96%, 03/25/31
509
466,531
3.23%, 11/22/32, (1-year CMT + 1.60%)(c)
270
244,101
3.31%, 06/27/29
90
86,814
3.49%, 05/28/30
175
166,591
3.80%, 02/23/28
260
256,950
4.38%, 04/12/28
438
436,655
4.87%, 04/15/31
200
198,827
5.44%, 04/15/36
200
199,757
5.54%, 03/14/30, (1-year CMT + 1.45%)(c)
495
504,552
5.57%, 01/17/30
55
56,337
6.03%, 01/17/35
260
272,293
6.35%, 03/14/34
454
480,688
6.61%, 11/07/28
294
307,757
6.92%, 08/08/33
641
696,372
6.94%, 11/07/33
50
56,058
Bank of America Corp.
1.90%, 07/23/31, (1-day SOFR + 1.53%)(c)
201
179,533
1.92%, 10/24/31, (1-day SOFR + 1.37%)(c)
303
268,738
2.09%, 06/14/29, (1-day SOFR + 1.06%)(c)
240
228,549
2.30%, 07/21/32, (1-day SOFR + 1.22%)(c)
525
464,224
2.48%, 09/21/36, (5-year CMT + 1.20%)(c)
654
570,349
2.50%, 02/13/31, (3-mo. CME Term SOFR +
1.25%)(c)
380
351,613
2.57%, 10/20/32, (1-day SOFR + 1.21%)(c)
303
270,078
2.59%, 04/29/31, (1-day SOFR + 2.15%)(c)
156
144,167
2.68%, 06/19/41, (1-day SOFR + 1.93%)(c)
374
271,382
2.69%, 04/22/32, (1-day SOFR + 1.32%)(c)
817
741,590
2.83%, 10/24/51, (1-day SOFR + 1.88%)(c)
438
274,554
2.88%, 10/22/30, (3-mo. CME Term SOFR +
1.45%)(c)
293
276,976
2.97%, 02/04/33, (1-day SOFR + 1.33%)(c)
565
510,867
2.97%, 07/21/52, (1-day SOFR + 1.56%)(a)(c)
778
502,721
3.19%, 07/23/30, (3-mo. CME Term SOFR +
1.44%)(c)
282
270,057
3.25%, 10/21/27
1,788
1,768,863
3.31%, 04/22/42, (1-day SOFR + 1.58%)(c)
430
332,500
3.42%, 12/20/28, (3-mo. CME Term SOFR +
1.30%)(c)
1,065
1,048,040
3.85%, 03/08/37, (5-year CMT + 2.00%)(c)
582
541,883
3.95%, 01/23/49, (3-mo. CME Term SOFR +
1.45%)(c)
216
169,147
3.97%, 03/05/29, (3-mo. CME Term SOFR +
1.33%)(c)
482
477,624
3.97%, 02/07/30, (3-mo. CME Term SOFR +
1.47%)(c)
88
86,567
4.08%, 04/23/40, (3-mo. CME Term SOFR +
1.58%)(c)
192
167,807
4.08%, 03/20/51, (3-mo. CME Term SOFR +
3.41%)(c)
1,400
1,105,430
4.24%, 04/24/38, (3-mo. CME Term SOFR +
2.08%)(c)
792
724,387
4.27%, 07/23/29, (3-mo. CME Term SOFR +
1.57%)(c)
502
498,939
4.33%, 03/15/50, (3-mo. CME Term SOFR +
1.78%)(c)
678
558,686
2

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
4.44%, 01/20/48, (3-mo. CME Term SOFR +
2.25%)(c)
$672
$571,787
4.57%, 04/27/33, (1-day SOFR + 1.83%)(c)
870
854,210
4.88%, 04/01/44
348
322,380
4.95%, 07/22/28, (1-day SOFR + 2.04%)(c)
280
281,761
5.00%, 01/21/44
701
658,514
5.02%, 07/22/33, (1-day SOFR + 2.16%)(c)
1,232
1,238,170
5.20%, 04/25/29, (1-day SOFR + 1.63%)(c)
420
425,118
5.29%, 04/25/34, (1-day SOFR + 1.91%)(c)
1,163
1,181,010
5.43%, 08/15/35, (1-day SOFR + 1.91%)(c)
275
276,307
5.47%, 01/23/35, (1-day SOFR + 1.65%)(c)
475
485,401
5.51%, 01/24/36, (1-day SOFR + 1.31%)(c)
285
291,968
5.52%, 10/25/35, (1-day SOFR + 1.74%)(c)
460
463,504
5.74%, 02/12/36, (1-day SOFR + 1.70%)(c)
320
326,781
5.87%, 09/15/34, (1-day SOFR + 1.84%)(c)
630
660,435
5.88%, 02/07/42
691
714,745
6.11%, 01/29/37
832
877,624
6.20%, 11/10/28, (1-day SOFR + 1.99%)(c)
423
433,426
7.75%, 05/14/38
447
534,543
Series L, 4.18%, 11/25/27
710
708,065
Series N, 2.65%, 03/11/32, (1-day SOFR +
1.22%)(c)
285
258,637
Series N, 3.48%, 03/13/52, (1-day SOFR +
1.65%)(c)
635
450,788
Bank of America N.A., 6.00%, 10/15/36
258
273,219
Bank of Montreal
3.09%, 01/10/37, (5-year CMT + 1.40%)(c)
216
193,065
3.80%, 12/15/32, (5-year USD Swap +
1.43%)(c)
1,079
1,062,136
4.35%, 09/22/31, (1-day SOFR Index +
1.08%)(c)
125
123,304
5.20%, 02/01/28
332
336,396
5.51%, 06/04/31
105
108,762
Series J, 4.44%, 01/14/32, (1-day SOFR +
0.97%)(c)
100
98,444
Bank of New York Mellon Corp.(The)
3.30%, 08/23/29
311
299,518
3.40%, 01/29/28(a)
1,036
1,024,873
3.85%, 04/28/28(a)
1,018
1,013,319
4.44%, 06/09/28, (1-day SOFR + 0.68%)(c)
65
65,138
4.54%, 04/23/32, (1-day SOFR + 0.90%)(c)
250
248,262
4.94%, 02/11/31, (1-day SOFR + 0.89%)(c)
180
181,952
4.97%, 04/26/34, (1-day SOFR + 1.61%)(c)
70
70,108
5.06%, 07/22/32, (1-day SOFR + 1.23%)(c)
125
126,964
5.09%, 04/23/37, (1-day SOFR + 1.18%)(c)
475
472,227
5.19%, 03/14/35, (1-day SOFR + 1.42%)(c)
141
142,997
5.23%, 11/20/35, (1-day SOFR + 1.25%)(c)
195
197,830
5.32%, 06/06/36, (1-day SOFR + 1.35%)(c)
300
304,424
5.61%, 07/21/39, (1-day SOFR + 1.77%)(c)
70
71,815
6.47%, 10/25/34, (1-day SOFR + 1.85%)(c)
174
190,174
Bank of Nova Scotia(The)
2.15%, 08/01/31
1,178
1,042,945
2.45%, 02/02/32
345
305,667
4.04%, 09/15/28, (1-day SOFR + 0.76%)(c)
150
149,324
4.25%, 02/02/30, (1-day SOFR + 0.73%)(c)
275
272,256
4.34%, 09/15/31, (1-day SOFR + 1.09%)(c)
150
147,462
4.40%, 09/08/28, (1-day SOFR + 1.00%)(c)
1,930
1,929,732
4.58%, 06/05/29, (1-day SOFR + 0.66%)(c)
300
300,252
4.59%, 05/04/37, (5-year CMT + 2.05%)(c)
193
185,611
4.74%, 11/10/32, (1-day SOFR + 1.44%)(c)
85
84,781
4.81%, 02/02/34, (1-day SOFR + 1.05%)(c)
275
271,354
Security
Par
(000
)
Value
Banks (continued)
4.85%, 02/01/30
$1,512
$1,526,010
4.90%, 06/05/32, (1-day SOFR + 0.97%)(c)
300
300,299
4.93%, 02/14/29, (1-day SOFR + 0.89%)(c)
740
746,039
5.13%, 02/14/31, (1-day SOFR + 1.07%)(c)
515
522,820
5.25%, 06/12/28
2,609
2,657,072
5.40%, 06/04/27
1,202
1,216,516
5.45%, 08/01/29(a)
1,730
1,777,649
5.65%, 02/01/34
190
198,286
BankUnited, Inc., 5.13%, 06/11/30(a)
70
69,541
Barclays PLC
2.65%, 06/24/31, (1-year CMT + 1.90%)(c)
350
321,057
2.67%, 03/10/32, (1-year CMT + 1.20%)(c)
504
454,250
2.89%, 11/24/32, (1-year CMT + 1.30%)(c)
840
751,554
3.56%, 09/23/35, (5-year CMT + 2.90%)(c)
400
375,050
4.22%, 05/24/30, (1-day SOFR + 0.93%)(c)
400
393,984
4.34%, 01/10/28
40
39,923
4.48%, 11/11/29, (1-day SOFR + 1.08%)(c)
320
318,024
4.52%, 02/24/32, (1-day SOFR + 1.14%)(c)
330
323,413
4.84%, 05/09/28
536
536,870
4.95%, 01/10/47
245
218,543
4.97%, 05/16/29, (3-mo. SOFR US + 2.16%)(c)
497
499,688
5.09%, 02/25/29, (1-day SOFR + 0.96%)(c)
250
251,982
5.09%, 06/20/30, (3-mo. SOFR US + 3.32%)(c)
897
899,385
5.21%, 02/24/37, (1-day SOFR + 1.51%)(c)
310
301,503
5.25%, 08/17/45
370
346,732
5.34%, 09/10/35, (1-day SOFR + 1.91%)(c)
616
612,330
5.37%, 02/25/31, (1-day SOFR + 1.23%)(c)
200
203,132
5.50%, 08/09/28, (1-year CMT + 2.65%)(c)
743
750,528
5.69%, 03/12/30, (1-day SOFR + 1.74%)(c)
329
336,917
5.79%, 02/25/36, (1-day SOFR + 1.59%)(c)
720
734,772
5.86%, 08/11/46, (1-day SOFR + 1.83%)(c)
345
343,771
6.04%, 03/12/55, (1-day SOFR + 2.42%)(c)
103
106,651
6.22%, 05/09/34, (1-day SOFR + 2.98%)(c)
200
210,856
6.49%, 09/13/29, (1-day SOFR + 2.22%)(c)
15
15,566
6.69%, 09/13/34, (1-day SOFR + 2.62%)(c)
175
189,236
7.12%, 06/27/34, (1-day SOFR + 3.57%)(c)
595
651,219
7.39%, 11/02/28, (1-year CMT + 3.30%)(c)
676
701,006
7.44%, 11/02/33, (1-year CMT + 3.50%)(c)
238
266,209
Canadian Imperial Bank of Commerce
3.60%, 04/07/32
270
253,905
4.28%, 01/29/30, (1-day SOFR Index +
0.79%)(c)
300
297,303
4.58%, 09/08/31, (1-day SOFR Index +
1.17%)(c)
1,680
1,666,417
4.63%, 09/11/30, (1-day SOFR + 1.34%)(c)
1,040
1,039,207
4.86%, 03/30/29, (1-day SOFR + 1.03%)(c)
865
870,747
5.00%, 04/28/28
380
384,330
5.25%, 01/13/31, (1-day SOFR + 1.11%)(c)
390
397,455
5.26%, 04/08/29
315
321,164
5.99%, 10/03/28
165
170,344
6.09%, 10/03/33
640
683,513
Capital One NA
2.70%, 02/06/30
314
293,815
4.65%, 09/13/28
665
666,772
Citibank N.A., 5.57%, 04/30/34
250
260,342
Citigroup, Inc.
2.56%, 05/01/32, (1-day SOFR + 1.17%)(c)
334
300,489
2.57%, 06/03/31, (1-day SOFR + 2.11%)(c)
551
506,833
2.67%, 01/29/31, (1-day SOFR + 1.15%)(c)
105
97,713
2.98%, 11/05/30, (1-day SOFR + 1.42%)(c)
413
390,586
3.06%, 01/25/33, (1-day SOFR + 1.35%)(c)
459
416,230
3

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
3.52%, 10/27/28, (3-mo. CME Term SOFR +
1.41%)(c)
$504
$498,081
3.67%, 07/24/28, (3-mo. CME Term SOFR +
1.65%)(c)
618
612,918
3.79%, 03/17/33, (1-day SOFR + 1.94%)(c)
853
804,004
3.88%, 01/24/39, (3-mo. CME Term SOFR +
1.43%)(c)
191
165,855
3.98%, 03/20/30, (3-mo. CME Term SOFR +
1.60%)(a)(c)
247
242,607
4.08%, 04/23/29, (3-mo. CME Term SOFR +
1.45%)(a)(c)
498
494,229
4.13%, 07/25/28
282
279,382
4.41%, 03/31/31, (1-day SOFR + 3.91%)(c)
721
712,755
4.45%, 09/29/27
771
770,559
4.65%, 07/30/45
581
512,850
4.75%, 05/18/46
325
276,894
4.91%, 05/24/33, (1-day SOFR + 2.09%)(c)
284
282,752
5.30%, 05/06/44
195
183,267
5.32%, 03/26/41, (1-day SOFR + 4.55%)(c)
295
289,717
5.33%, 03/27/36, (1-day SOFR + 1.47%)(c)
140
140,983
5.41%, 09/19/39, (5-year CMT + 1.73%)(c)
305
301,442
5.45%, 06/11/35, (1-day SOFR + 1.45%)(c)
325
330,917
5.61%, 03/04/56, (1-day SOFR + 1.75%)(a)(c)
165
161,659
5.83%, 02/13/35, (1-day SOFR + 2.06%)(c)
405
413,105
5.88%, 02/22/33
271
282,473
5.88%, 01/30/42
535
550,337
6.00%, 10/31/33
334
348,996
6.02%, 01/24/36, (1-day SOFR + 1.83%)(c)
610
628,204
6.13%, 08/25/36
289
301,426
6.17%, 05/25/34, (1-day SOFR + 2.66%)(c)
670
700,237
6.27%, 11/17/33, (1-day SOFR + 2.34%)(c)
462
493,434
6.63%, 01/15/28(a)
699
726,103
6.63%, 06/15/32(a)
389
422,796
6.68%, 09/13/43
191
207,308
8.13%, 07/15/39
893
1,116,881
Citizens Financial Group, Inc.
2.50%, 02/06/30
147
135,416
3.25%, 04/30/30
237
224,305
5.64%, 05/21/37, (5-year CMT + 2.75%)(c)
62
62,180
6.65%, 04/25/35, (1-day SOFR + 2.33%)(c)
26
28,016
Commonwealth Bank of Australia, 4.15%,
10/01/30
3,500
3,456,126
Commonwealth Bank of Australia/New York,
Series C, 4.36%, 03/27/29
1,140
1,141,413
Cooperatieve Rabobank UA
5.25%, 05/24/41
215
211,597
5.25%, 08/04/45
45
41,674
5.75%, 12/01/43
251
247,214
Deutsche Bank AG/New York
3.04%, 05/28/32, (1-day SOFR + 1.72%)(c)
647
588,278
3.55%, 09/18/31, (1-day SOFR + 3.04%)(c)
968
912,162
3.73%, 01/14/32, (1-day SOFR + 2.76%)(c)
445
415,516
3.74%, 01/07/33, (1-day SOFR + 2.26%)(c)
267
244,298
4.73%, 02/06/32, (1-day SOFR + 1.14%)(c)
190
187,020
4.88%, 12/01/32, (5-year USD ICE Swap +
2.55%)(c)
733
730,527
5.00%, 09/11/30, (1-day SOFR + 1.70%)(c)
180
180,846
5.06%, 04/14/32, (1-day SOFR + 1.41%)(c)
220
219,602
5.37%, 01/10/29, (1-day SOFR + 1.21%)(c)
150
151,707
5.40%, 09/11/35, (1-day SOFR + 2.05%)(c)
485
485,246
5.88%, 07/08/31, (1-day SOFR + 5.44%)(c)
96
97,864
Security
Par
(000
)
Value
Banks (continued)
6.72%, 01/18/29, (1-day SOFR + 3.18%)(c)
$825
$851,998
6.82%, 11/20/29, (1-day SOFR + 2.51%)(c)
157
164,470
7.08%, 02/10/34, (1-day SOFR + 3.65%)(c)
311
333,598
Fifth Third Bancorp
4.34%, 04/25/33, (1-day SOFR + 1.66%)(c)
35
33,741
4.77%, 07/28/30, (1-day SOFR Index +
2.13%)(c)
45
44,965
8.25%, 03/01/38
283
342,895
Fifth Third Financial Corp., 4.00%, 02/01/29
437
430,612
First Horizon Bank, 5.75%, 05/01/30
250
254,310
Goldman Sachs Capital I, 6.35%, 02/15/34
532
556,713
Goldman Sachs Group, Inc.
4.59%, 04/20/30, (1-day SOFR + 0.99%)(c)
1,000
996,570
5.09%, 04/20/34, (1-day SOFR + 1.34%)(a)(c)
1,000
997,796
Goldman Sachs Group, Inc.(The)
1.99%, 01/27/32, (1-day SOFR + 1.09%)(c)
25
21,997
2.38%, 07/21/32, (1-day SOFR + 1.25%)(c)
613
542,166
2.60%, 02/07/30
10
9,322
2.62%, 04/22/32, (1-day SOFR + 1.28%)(c)
509
458,381
2.65%, 10/21/32, (1-day SOFR + 1.26%)(c)
274
243,780
2.91%, 07/21/42, (1-day SOFR + 1.47%)(c)
383
276,247
3.10%, 02/24/33, (1-day SOFR + 1.41%)(c)
624
565,633
3.21%, 04/22/42, (1-day SOFR + 1.51%)(c)
200
150,682
3.44%, 02/24/43, (1-day SOFR + 1.63%)(c)
145
110,761
3.69%, 06/05/28, (3-mo. CME Term SOFR +
1.77%)(a)(c)
199
197,642
3.80%, 03/15/30
30
29,107
3.81%, 04/23/29, (3-mo. CME Term SOFR +
1.42%)(c)
319
314,538
4.02%, 10/31/38, (3-mo. CME Term SOFR +
1.63%)(c)
714
626,338
4.22%, 05/01/29, (3-mo. CME Term SOFR +
1.56%)(c)
862
855,661
4.41%, 04/23/39, (3-mo. CME Term SOFR +
1.69%)(c)
320
288,640
4.48%, 08/23/28, (1-day SOFR + 1.73%)(c)
225
225,007
4.75%, 10/21/45
675
595,724
4.80%, 07/08/44
657
588,475
4.94%, 10/21/36, (1-day SOFR + 1.33%)(c)
810
786,454
4.97%, 06/03/32, (1-day SOFR + 1.03%)(c)
1,025
1,027,265
5.02%, 10/23/35, (1-day SOFR + 1.42%)(c)
390
384,303
5.07%, 01/21/37, (1-day SOFR + 1.19%)(c)
770
753,143
5.15%, 05/22/45
171
156,146
5.22%, 04/23/31, (1-day SOFR + 1.58%)(c)
20
20,280
5.33%, 07/23/35, (1-day SOFR + 1.55%)(c)
845
849,718
5.39%, 02/02/41, (5-year CMT + 1.18%)(c)
650
633,645
5.43%, 06/03/37, (1-day SOFR + 1.31%)(c)
655
658,496
5.54%, 01/28/36, (1-day SOFR + 1.38%)(c)
615
625,496
5.54%, 01/21/47, (1-day SOFR + 1.32%)(c)
1,200
1,157,803
5.73%, 01/28/56, (1-day SOFR + 1.70%)(c)
630
621,310
5.85%, 04/25/35, (1-day SOFR + 1.55%)(c)
325
338,152
6.13%, 02/15/33(a)
1,117
1,200,341
6.25%, 02/01/41
845
898,005
6.45%, 05/01/36
345
367,966
6.48%, 10/24/29, (1-day SOFR + 1.77%)(c)
281
292,630
6.56%, 10/24/34, (1-day SOFR + 1.95%)(c)
250
271,457
6.75%, 10/01/37
1,113
1,217,190
HSBC Bank USA N.A
5.63%, 08/15/35
280
288,174
5.88%, 11/01/34
275
286,913
7.00%, 01/15/39
280
315,032
4

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
HSBC Holdings PLC
2.21%, 08/17/29, (1-day SOFR + 1.29%)(c)
$200
$189,984
2.36%, 08/18/31, (1-day SOFR + 1.95%)(c)
360
325,369
2.80%, 05/24/32, (1-day SOFR + 1.19%)(c)
1,292
1,168,211
2.85%, 06/04/31, (1-day SOFR + 2.39%)(c)
696
644,347
2.87%, 11/22/32, (1-day SOFR + 1.41%)(c)
355
318,897
3.97%, 05/22/30, (3-mo. CME Term SOFR +
1.87%)(c)
1,161
1,137,641
4.58%, 06/19/29, (3-mo. CME Term SOFR +
1.80%)(c)
1,041
1,039,826
4.68%, 03/10/32, (1-day SOFR + 1.21%)(c)
200
197,486
4.71%, 05/12/30, (1-day SOFR + 0.94%)(c)
400
399,057
4.76%, 03/29/33, (1-day SOFR + 2.53%)(c)
281
274,289
4.90%, 03/03/29, (1-day SOFR + 1.03%)(c)
200
201,038
4.95%, 03/31/30
791
799,735
5.13%, 11/06/36, (1-day SOFR + 1.43%)(c)
200
196,785
5.21%, 05/12/34, (1-day SOFR + 1.32%)(a)(c)
400
399,185
5.24%, 05/13/31, (1-day SOFR + 1.57%)(c)
265
268,379
5.28%, 03/10/37, (1-day SOFR + 1.55%)(c)
1,160
1,146,404
5.29%, 11/19/30, (1-day SOFR + 1.29%)(c)
325
329,720
5.40%, 08/11/33, (1-day SOFR + 2.87%)(c)
456
462,683
5.45%, 03/03/36, (1-day SOFR + 1.56%)(c)
475
479,118
5.72%, 03/04/35, (1-day SOFR + 1.78%)(c)
330
339,584
5.74%, 09/10/36, (1-day SOFR + 1.96%)(c)
235
236,859
5.79%, 05/13/36, (1-day SOFR + 1.88%)(c)
285
294,248
5.87%, 11/18/35, (1-day SOFR + 1.90%)(c)
280
286,297
6.10%, 01/14/42(a)
567
601,534
6.25%, 03/09/34, (1-day SOFR + 2.39%)(c)
280
298,066
6.33%, 03/09/44, (1-day SOFR + 2.65%)(c)
50
53,476
6.50%, 05/02/36
240
255,150
6.50%, 09/15/37
748
801,181
6.55%, 06/20/34, (1-day SOFR + 2.98%)(a)(c)
631
670,846
6.80%, 06/01/38
347
380,752
7.39%, 11/03/28, (1-day SOFR + 3.35%)(c)
90
93,447
7.40%, 11/13/34, (1-day SOFR + 3.02%)(c)
250
278,335
8.11%, 11/03/33, (1-day SOFR + 4.25%)(c)
459
528,091
Huntington Bancshares, Inc./Ohio
2.49%, 08/15/36, (5-year CMT + 1.17%)(c)
182
156,748
2.55%, 02/04/30
843
780,732
5.02%, 05/17/33, (1-day SOFR + 2.05%)(c)
460
457,395
5.71%, 02/02/35, (1-day SOFR Index +
1.87%)(c)
45
46,100
6.21%, 08/21/29, (1-day SOFR + 2.02%)(c)
76
78,476
Huntington National Bank (The), 5.65%, 01/10/30
10
10,318
ING Groep NV
2.73%, 04/01/32, (1-day SOFR + 1.32%)(c)
843
765,748
4.05%, 04/09/29
380
375,685
4.25%, 03/28/33, (1-day SOFR + 2.07%)(c)
90
87,121
4.55%, 10/02/28
510
511,262
4.86%, 03/25/29, (1-day SOFR + 1.01%)(c)
200
201,224
5.07%, 03/25/31, (1-day SOFR Index +
1.23%)(c)
235
237,318
5.34%, 03/19/30, (1-day SOFR + 1.44%)(c)
985
1,003,016
5.42%, 03/23/37, (1-day SOFR Index +
1.61%)(c)
470
470,912
5.53%, 03/25/36, (1-day SOFR + 1.61%)(c)
865
878,782
5.55%, 03/19/35, (1-day SOFR + 1.77%)(c)
1,119
1,141,204
6.11%, 09/11/34, (1-day SOFR + 2.09%)(c)
649
689,578
Series VAR, 4.80%, 03/23/32, (1-day SOFR
Index + 1.26%)(c)
400
398,106
Security
Par
(000
)
Value
Banks (continued)
JPMorgan Chase & Co.
1.95%, 02/04/32, (1-day SOFR + 1.07%)(c)
$285
$251,253
2.52%, 04/22/31, (1-day SOFR + 2.04%)(c)
355
327,731
2.53%, 11/19/41, (3-mo. CME Term SOFR +
1.51%)(c)
425
301,250
2.55%, 11/08/32, (1-day SOFR + 1.18%)(c)
190
169,419
2.58%, 04/22/32, (3-mo. CME Term SOFR +
1.25%)(c)
754
681,120
2.74%, 10/15/30, (3-mo. CME Term SOFR +
1.51%)(c)
666
627,018
2.96%, 05/13/31, (3-mo. CME Term SOFR +
2.52%)(c)
40
37,412
2.96%, 01/25/33, (1-day SOFR + 1.26%)(c)
743
673,884
3.11%, 04/22/41, (3-mo. CME Term SOFR +
2.46%)(c)
758
586,502
3.11%, 04/22/51, (1-day SOFR + 2.44%)(c)
869
579,988
3.16%, 04/22/42, (3-mo. CME Term SOFR +
1.46%)(c)
299
227,939
3.33%, 04/22/52, (1-day SOFR + 1.58%)(c)
1,074
742,401
3.51%, 01/23/29, (3-mo. CME Term SOFR +
1.21%)(c)
345
339,662
3.63%, 12/01/27
20
19,793
3.70%, 05/06/30, (3-mo. CME Term SOFR +
1.42%)(c)
771
752,295
3.88%, 07/24/38, (3-mo. CME Term SOFR +
1.62%)(c)
503
444,460
3.90%, 01/23/49, (3-mo. CME Term SOFR +
1.48%)(c)
494
386,041
3.96%, 11/15/48, (3-mo. CME Term SOFR +
1.64%)(c)
745
590,487
4.01%, 04/23/29, (3-mo. CME Term SOFR +
1.38%)(c)
644
638,137
4.03%, 07/24/48, (3-mo. CME Term SOFR +
1.72%)(c)
340
271,405
4.20%, 07/23/29, (3-mo. CME Term SOFR +
1.52%)(c)
384
381,239
4.25%, 10/01/27
906
906,762
4.26%, 02/22/48, (3-mo. CME Term SOFR +
1.84%)(c)
605
502,056
4.45%, 12/05/29, (3-mo. CME Term SOFR +
1.59%)(c)
617
614,781
4.49%, 03/24/31, (3-mo. CME Term SOFR +
3.79%)(c)
157
156,187
4.59%, 04/26/33, (1-day SOFR + 1.80%)(c)
890
876,583
4.81%, 10/22/36, (1-day SOFR + 1.19%)(c)
5
4,855
4.85%, 02/01/44
417
384,139
4.91%, 07/25/33, (1-day SOFR + 2.08%)(a)(c)
1,345
1,346,685
4.95%, 10/22/35, (1-day SOFR + 1.34%)(c)
768
758,120
4.95%, 06/01/45
244
224,256
5.19%, 02/05/37, (1-day SOFR + 1.30%)(c)
440
433,086
5.29%, 07/22/35, (1-day SOFR + 1.46%)(c)
670
676,462
5.34%, 01/23/35, (1-day SOFR + 1.62%)(c)
600
608,425
5.35%, 06/01/34, (1-day SOFR + 1.85%)(c)
639
651,745
5.40%, 01/06/42
531
526,858
5.50%, 01/24/36, (1-day SOFR + 1.32%)(c)
275
281,381
5.50%, 10/15/40
456
465,607
5.57%, 04/22/36, (1-day SOFR + 1.68%)(c)
580
596,696
5.58%, 07/23/36, (1-day SOFR + 1.64%)(c)
265
268,841
5.60%, 07/15/41
583
593,232
5.72%, 09/14/33, (1-day SOFR + 2.58%)(c)
504
520,900
5.77%, 04/22/35, (1-day SOFR + 1.49%)(c)
565
587,756
5

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
6.25%, 10/23/34, (1-day SOFR + 1.81%)(c)
$303
$325,188
6.40%, 05/15/38
1,023
1,130,175
8.75%, 09/01/30
729
840,159
Keybank National Association
3.90%, 04/13/29
45
43,961
4.90%, 08/08/32
124
121,883
6.95%, 02/01/28
90
93,189
KeyCorp
2.55%, 10/01/29
643
601,763
4.10%, 04/30/28
25
24,833
Lloyds Banking Group PLC
3.57%, 11/07/28, (3-mo. SOFR US + 1.47%)(c)
475
469,202
4.24%, 02/10/30, (1-year CMT + 0.60%)(c)
200
197,762
4.34%, 01/09/48
200
162,865
4.38%, 03/22/28
201
200,816
4.43%, 11/04/31, (1-year CMT + 0.82%)(c)
200
196,739
4.55%, 08/16/28
325
325,524
4.94%, 11/04/36, (1-year CMT + 0.97%)(c)
425
411,810
4.98%, 08/11/33, (1-year CMT + 2.30%)(c)
230
229,043
5.30%, 12/01/45
200
186,084
5.59%, 11/26/35, (1-year CMT + 1.20%)(c)
500
510,152
5.67%, 02/10/47, (1-year CMT + 0.82%)(c)
200
196,288
5.68%, 01/05/35, (1-year CMT + 1.75%)(c)
505
519,382
5.72%, 06/05/30, (1-year CMT + 1.07%)(c)
275
282,810
5.87%, 03/06/29, (1-year CMT + 1.70%)(c)
410
419,271
6.07%, 06/13/36, (1-year CMT + 1.60%)(c)
450
463,038
7.95%, 11/15/33, (1-year CMT + 3.75%)(c)
428
486,697
Mitsubishi UFJ Financial Group, Inc.
2.05%, 07/17/30
235
212,156
2.31%, 07/20/32, (1-year CMT + 0.95%)(c)
339
299,594
2.49%, 10/13/32, (1-year CMT + 0.97%)(c)
115
101,885
2.56%, 02/25/30
15
13,911
2.85%, 01/19/33, (1-year CMT + 1.10%)(c)
325
291,418
3.20%, 07/18/29
10
9,589
3.29%, 07/25/27
77
76,144
3.74%, 03/07/29
307
302,133
3.75%, 07/18/39
456
387,966
3.96%, 03/02/28(a)
48
47,720
4.05%, 09/11/28
1,055
1,046,482
4.15%, 03/07/39(a)
362
327,625
4.29%, 07/26/38(a)
210
195,555
4.32%, 04/19/33, (1-year CMT + 1.55%)(c)
50
48,302
5.13%, 07/20/33, (1-year CMT + 2.13%)(c)
282
284,231
5.41%, 04/19/34, (1-year CMT + 1.97%)(c)
55
56,300
5.44%, 02/22/34, (1-year CMT + 1.63%)(c)
340
348,093
5.47%, 09/13/33, (1-year CMT + 2.13%)(c)
200
205,003
Mizuho Financial Group, Inc.
2.17%, 05/22/32, (1-year CMT + 0.87%)(c)
255
224,816
2.20%, 07/10/31, (3-mo. CME Term SOFR +
1.77%)(c)
400
361,180
2.26%, 07/09/32, (1-year CMT + 0.90%)(c)
550
484,147
2.56%, 09/13/31
135
119,669
2.59%, 05/25/31, (3-mo. CME Term SOFR +
1.33%)(c)
258
237,426
2.87%, 09/13/30, (3-mo. CME Term SOFR +
1.57%)(c)
230
217,188
3.15%, 07/16/30, (3-mo. CME Term SOFR +
1.39%)(c)
217
207,358
3.17%, 09/11/27
30
29,572
3.26%, 05/22/30, (1-year CMT + 1.25%)(c)
10
9,622
4.02%, 03/05/28
445
442,322
Security
Par
(000
)
Value
Banks (continued)
4.25%, 09/11/29, (3-mo. CME Term SOFR +
1.53%)(c)
$233
$231,540
4.44%, 05/12/32, (1-year CMT + 0.70%)(c)
200
196,123
4.71%, 07/08/31, (1-year CMT + 0.92%)(c)
355
354,581
5.05%, 05/12/37, (1-year CMT + 0.85%)(c)
200
196,898
5.32%, 07/08/36, (1-year CMT + 1.07%)(a)(c)
420
421,957
5.38%, 05/26/30, (1-year CMT + 1.12%)(c)
245
250,009
5.38%, 07/10/30, (1-year CMT + 1.08%)(c)
200
203,941
5.58%, 05/26/35, (1-year CMT + 1.30%)(c)
220
225,992
5.59%, 07/10/35, (1-year CMT + 1.30%)(c)
285
292,726
5.67%, 05/27/29, (1-year CMT + 1.50%)(c)
275
281,093
5.67%, 09/13/33, (1-year CMT + 2.40%)(c)
420
435,451
5.74%, 05/27/31, (1-year CMT + 1.65%)(c)
45
46,568
5.75%, 05/27/34, (1-year CMT + 1.80%)(c)
325
337,857
5.75%, 07/06/34, (1-year CMT + 1.90%)(c)
375
389,970
5.78%, 07/06/29, (1-year CMT + 1.65%)(c)
455
466,484
Morgan Stanley
1.79%, 02/13/32, (1-day SOFR + 1.03%)(c)
746
649,469
1.93%, 04/28/32, (1-day SOFR + 1.02%)(c)
830
722,993
2.24%, 07/21/32, (1-day SOFR + 1.18%)(c)
782
687,419
2.48%, 09/16/36, (1-day SOFR + 1.36%)(c)
1,136
987,878
2.51%, 10/20/32, (1-day SOFR + 1.20%)(c)
365
323,356
2.70%, 01/22/31, (1-day SOFR + 1.14%)(c)
327
304,436
2.80%, 01/25/52, (1-day SOFR + 1.43%)(a)(c)
660
411,462
2.94%, 01/21/33, (1-day SOFR + 1.29%)(c)
152
136,967
3.22%, 04/22/42, (1-day SOFR + 1.49%)(c)
50
38,161
3.59%, 07/22/28(c)
948
938,645
3.62%, 04/01/31, (1-day SOFR + 3.12%)(c)
1,012
971,616
3.77%, 01/24/29, (3-mo. CME Term SOFR +
1.40%)(c)
795
785,381
3.97%, 07/22/38(c)
423
371,994
4.30%, 01/27/45
620
523,807
4.38%, 01/22/47
778
652,457
4.43%, 01/23/30, (3-mo. CME Term SOFR +
1.89%)(c)
1,182
1,174,954
4.46%, 04/22/39, (3-mo. CME Term SOFR +
1.69%)(c)
206
190,346
4.49%, 01/16/32, (1-day SOFR + 0.95%)(c)
325
319,857
4.71%, 03/12/32, (1-day SOFR + 1.20%)(c)
430
426,075
4.81%, 04/16/32, (1-day SOFR Index +
1.18%)(c)
295
293,677
4.89%, 07/20/33, (1-day SOFR + 2.08%)(c)
80
79,720
5.07%, 01/30/37, (1-day SOFR + 1.18%)(c)
445
436,200
5.12%, 02/01/29, (1-day SOFR + 1.73%)(c)
580
585,318
5.16%, 04/20/29, (1-day SOFR + 1.59%)(c)
475
479,918
5.19%, 04/17/31, (1-day SOFR + 1.51%)(c)
20
20,292
5.25%, 04/21/34, (1-day SOFR + 1.87%)(c)
635
641,526
5.30%, 04/10/37, (1-day SOFR Index +
1.41%)(a)(c)
880
877,632
5.30%, 04/20/37, (1-day SOFR + 2.62%)(c)
336
336,366
5.31%, 01/18/41, (5-year CMT + 1.17%)(c)
260
253,759
5.32%, 07/19/35, (1-day SOFR + 1.56%)(c)
625
630,564
5.42%, 07/21/34, (1-day SOFR + 1.88%)(c)
605
616,714
5.47%, 01/18/35, (1-day SOFR + 1.73%)(c)
380
387,115
5.52%, 11/19/55, (1-day SOFR + 1.71%)(c)
575
556,885
5.59%, 01/18/36, (1-day SOFR + 1.42%)(c)
330
338,311
5.60%, 03/24/51, (1-day SOFR + 4.84%)(c)
392
384,978
5.66%, 04/17/36, (1-day SOFR + 1.76%)(c)
530
545,824
5.83%, 04/19/35, (1-day SOFR + 1.58%)(c)
695
724,266
5.90%, 03/13/47, (1-day SOFR + 1.78%)(c)
805
816,301
5.94%, 02/07/39, (5-year CMT + 1.80%)(c)
460
475,293
6

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
5.95%, 01/19/38, (5-year CMT + 2.43%)(c)
$524
$542,621
6.30%, 10/18/28, (1-day SOFR + 2.24%)(c)
80
82,014
6.34%, 10/18/33, (1-day SOFR + 2.56%)(c)
450
481,951
6.38%, 07/24/42
841
916,229
6.63%, 11/01/34, (1-day SOFR + 2.05%)(c)
185
201,990
7.25%, 04/01/32(a)
824
930,259
Series I, 4.89%, 10/22/36, (1-day SOFR +
1.31%)(c)
275
266,710
National Bank of Canada
4.17%, 01/20/29, (1-day SOFR Index +
0.76%)(c)
250
248,924
4.50%, 10/10/29
2,686
2,676,289
5.60%, 12/18/28(a)
4,087
4,200,234
NatWest Group PLC
3.03%, 11/28/35, (5-year CMT + 2.35%)(c)
261
239,085
4.45%, 05/08/30, (3-mo. SOFR US + 2.13%)(c)
509
505,646
4.89%, 05/18/29, (3-mo. SOFR US + 2.01%)(c)
679
682,903
4.96%, 08/15/30, (1-year CMT + 1.22%)(c)
200
201,341
5.08%, 01/27/30, (3-mo. SOFR US + 2.17%)(c)
1,000
1,008,715
5.12%, 05/23/31, (1-year CMT + 1.05%)(c)
200
201,783
5.52%, 09/30/28, (1-year CMT + 2.27%)(c)
535
542,446
5.78%, 03/01/35, (1-year CMT + 1.50%)(c)
200
207,100
5.81%, 09/13/29, (1-year CMT + 1.95%)(c)
280
287,102
5.91%, 03/03/47, (1-year CMT + 1.30%)(c)
200
195,566
6.48%, 06/01/34, (5-year CMT + 2.20%)(c)
596
617,328
Northern Trust Corp.
3.15%, 05/03/29
1,286
1,248,088
3.65%, 08/03/28
529
522,834
PNC Bank N.A.
3.10%, 10/25/27
661
650,874
4.05%, 07/26/28
204
202,088
4.43%, 07/21/28, (1-day SOFR + 0.73%)(c)
250
249,991
PNC Financial Services Group, Inc.(The)
2.55%, 01/22/30
221
206,095
3.45%, 04/23/29
364
354,856
4.62%, 10/26/29, (1-day SOFR + 0.68%)(c)
535
535,379
4.63%, 06/06/33, (1-day SOFR Index +
1.85%)(c)
296
287,537
4.90%, 05/13/31, (1-day SOFR + 1.33%)(a)(c)
230
231,639
5.07%, 01/24/34, (1-day SOFR + 1.93%)(c)
435
436,368
5.22%, 01/29/31, (1-day SOFR + 1.07%)(c)
85
86,527
5.37%, 07/21/36, (1-day SOFR + 1.42%)(c)
200
201,808
5.40%, 07/23/35, (1-day SOFR + 1.60%)(c)
650
659,480
5.42%, 01/25/41, (5-year CMT + 1.17%)(c)
235
230,556
5.58%, 06/12/29, (1-day SOFR + 1.84%)(c)
449
458,967
5.58%, 01/29/36, (1-day SOFR + 1.39%)(c)
365
373,792
5.68%, 01/22/35, (1-day SOFR + 1.90%)(c)
405
417,909
5.94%, 08/18/34, (1-day SOFR + 1.95%)(c)
255
268,102
6.04%, 10/28/33, (1-day SOFR Index +
2.14%)(c)
770
811,584
6.88%, 10/20/34, (1-day SOFR + 2.28%)(c)
460
508,200
Regions Bank/Birmingham AL, 6.45%, 06/26/37
253
266,591
Regions Financial Corp.
1.80%, 08/12/28
210
197,914
7.38%, 12/10/37
122
138,235
Royal Bank of Canada
2.30%, 11/03/31
285
254,645
3.88%, 05/04/32(a)
155
148,717
4.24%, 08/03/27
255
255,197
4.40%, 04/17/30, (1-day SOFR + 0.84%)(c)
425
422,473
4.61%, 05/03/32, (1-day SOFR + 1.01%)(c)
425
421,347
Security
Par
(000
)
Value
Banks (continued)
4.70%, 08/06/31, (1-day SOFR + 1.06%)(c)
$105
$104,821
4.90%, 01/12/28
451
455,534
4.97%, 08/02/30, (1-day SOFR + 1.10%)(c)
30
30,288
5.00%, 02/01/33
620
625,806
5.00%, 05/02/33
560
565,776
5.15%, 02/01/34
417
426,046
5.20%, 08/01/28
475
483,748
6.00%, 11/01/27
350
358,562
Santander Holdings USA, Inc.
4.40%, 07/13/27
1,132
1,131,987
5.35%, 09/06/30, (1-day SOFR + 1.94%)(c)
185
186,934
5.47%, 03/20/29, (1-day SOFR + 1.61%)(c)
155
156,884
5.74%, 03/20/31, (1-day SOFR + 1.88%)(c)
225
230,727
6.17%, 01/09/30, (1-day SOFR + 2.50%)(c)
276
284,479
6.34%, 05/31/35, (1-day SOFR + 2.14%)(a)(c)
480
508,121
6.50%, 03/09/29, (1-day SOFR + 2.36%)(c)
237
243,914
6.57%, 06/12/29, (1-day SOFR + 2.70%)(c)
37
38,295
7.66%, 11/09/31, (1-day SOFR + 3.28%)(c)
400
440,233
Santander U.K. Group Holdings PLC
2.90%, 03/15/32, (1-day SOFR + 1.48%)(c)
262
237,934
3.82%, 11/03/28, (3-mo. SOFR US + 1.66%)(c)
470
465,004
4.32%, 09/22/29, (1-day SOFR Index +
1.07%)(c)
200
198,327
4.86%, 09/11/30, (1-day SOFR Index +
1.55%)(c)
115
115,071
5.14%, 09/22/36, (1-day SOFR Index +
1.58%)(c)
460
446,508
5.69%, 04/15/31, (1-day SOFR Index +
1.52%)(c)
140
143,575
6.53%, 01/10/29, (1-day SOFR + 2.60%)(c)
315
324,121
State Street Corp.
2.62%, 02/07/33, (1-day SOFR + 1.00%)(c)
25
22,317
4.14%, 12/03/29, (3-mo. CME Term SOFR +
1.29%)(c)
558
554,233
4.56%, 04/23/32, (1-day SOFR + 0.91%)(c)
200
198,369
4.68%, 10/22/32, (1-day SOFR + 1.05%)(c)
110
109,690
4.78%, 10/23/36, (1-day SOFR + 1.22%)(a)(c)
765
744,871
4.82%, 01/26/34, (1-day SOFR + 1.57%)(c)
125
124,342
4.83%, 04/24/30
150
151,915
5.09%, 04/24/37, (1-day SOFR + 1.20%)(c)
265
263,208
5.15%, 02/28/36, (1-day SOFR + 1.22%)(c)
480
481,017
5.16%, 05/18/34, (1-day SOFR + 1.89%)(c)
45
45,559
6.12%, 11/21/34, (1-day SOFR + 1.96%)(c)
40
42,141
Sumitomo Mitsui Financial Group, Inc.
1.71%, 01/12/31
745
651,181
1.90%, 09/17/28
600
566,322
2.13%, 07/08/30
975
881,122
2.22%, 09/17/31
445
390,309
2.47%, 01/14/29
35
33,212
2.72%, 09/27/29
185
173,895
2.75%, 01/15/30
935
874,026
3.04%, 07/16/29
1,187
1,131,294
3.35%, 10/18/27
305
301,149
3.36%, 07/12/27(a)
205
203,044
3.54%, 01/17/28
571
563,334
3.94%, 07/19/28
91
90,064
4.11%, 01/15/29
200
198,036
4.31%, 10/16/28(a)
698
695,970
4.49%, 01/15/32, (1-day SOFR + 1.02%)(c)
200
197,136
5.05%, 01/15/37, (1-day SOFR + 1.22%)(c)
475
468,626
5.24%, 04/15/30
200
203,655
7

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
5.25%, 07/08/36, (1-day SOFR + 1.50%)(c)
$65
$65,444
5.32%, 07/09/29
215
219,163
5.33%, 03/03/41, (5-year CMT + 1.30%)(c)
175
171,211
5.42%, 07/09/31
820
841,151
5.45%, 01/15/32
200
205,360
5.56%, 07/09/34
1,150
1,184,583
5.57%, 01/15/47, (1-day SOFR + 1.36%)(c)
200
196,659
5.63%, 01/15/35
260
269,024
5.71%, 01/13/30
75
77,469
5.77%, 01/13/33
630
658,384
5.78%, 07/13/33
375
391,509
5.81%, 09/14/33
465
486,666
5.85%, 07/13/30
345
358,900
Synchrony Bank, 5.63%, 08/23/27
1,305
1,319,001
Toronto-Dominion Bank(The)
2.00%, 09/10/31
576
509,922
2.45%, 01/12/32
121
107,382
3.20%, 03/10/32
300
276,296
4.36%, 04/23/29
250
249,061
4.41%, 01/13/31
50
49,509
4.46%, 06/08/32(a)
437
430,306
4.57%, 06/02/28
200
200,568
4.78%, 12/17/29
150
151,352
4.87%, 04/22/33
250
248,394
4.93%, 10/15/35
630
619,101
4.99%, 04/05/29
396
401,303
5.15%, 09/10/34, (5-year CMT + 1.50%)(c)
164
164,966
5.16%, 01/10/28
255
258,021
5.52%, 07/17/28
330
337,472
Truist Bank, 2.25%, 03/11/30
60
54,713
Truist Financial Corp.
1.89%, 06/07/29, (1-day SOFR + 0.86%)(c)
135
128,112
1.95%, 06/05/30
135
121,991
3.88%, 03/19/29
225
220,557
4.92%, 07/28/33, (1-day SOFR + 2.24%)(c)
716
701,915
5.12%, 01/26/34, (1-day SOFR + 1.85%)(c)
135
134,952
5.71%, 01/24/35, (1-day SOFR + 1.92%)(c)
307
316,212
5.87%, 06/08/34, (1-day SOFR + 2.36%)(c)
335
348,625
6.12%, 10/28/33, (1-day SOFR + 2.30%)(c)
20
21,148
7.16%, 10/30/29, (1-day SOFR + 2.45%)(c)
70
74,070
U.S. Bancorp
1.38%, 07/22/30
200
176,062
2.49%, 11/03/36, (5-year CMT + 0.95%)(c)
456
396,268
2.68%, 01/27/33, (1-day SOFR + 1.02%)(c)
480
427,555
3.00%, 07/30/29
10
9,538
3.90%, 04/26/28
146
145,037
4.55%, 07/22/28, (1-day SOFR + 1.66%)(c)
270
270,427
4.65%, 02/01/29, (1-day SOFR + 1.23%)(c)
505
506,521
4.84%, 02/01/34, (1-day SOFR + 1.60%)(c)
320
315,835
4.97%, 07/22/33, (1-day SOFR + 2.11%)(c)
645
638,355
5.42%, 02/12/36, (1-day SOFR + 1.41%)(a)(c)
170
173,083
5.68%, 01/23/35, (1-day SOFR + 1.86%)(c)
120
123,958
5.72%, 05/20/41, (5-year CMT + 1.25%)(c)
175
175,389
5.85%, 10/21/33, (1-day SOFR + 2.09%)(c)
295
308,608
UBS AG/London, 5.65%, 09/11/28
1,100
1,131,053
UBS AG/Stamford CT
4.30%, 03/16/29, (1-day SOFR + 0.81%)(c)
250
249,553
4.63%, 02/16/32, (1-day SOFR + 1.11%)(c)
250
249,058
7.50%, 02/15/28
160
168,413
Webster Financial Corp., 4.10%, 03/25/29(a)
462
451,172
Security
Par
(000
)
Value
Banks (continued)
Wells Fargo & Co.
2.57%, 02/11/31, (3-mo. CME Term SOFR +
1.26%)(c)
$225
$208,529
3.07%, 04/30/41, (1-day SOFR + 2.53%)(c)
662
502,520
3.35%, 03/02/33, (1-day SOFR + 1.50%)(c)
317
291,800
3.90%, 05/01/45
102
80,778
4.30%, 07/22/27
679
678,608
4.40%, 06/14/46
260
211,084
4.61%, 04/25/53, (1-day SOFR + 2.13%)(c)
1,258
1,059,331
4.65%, 11/04/44
422
357,646
4.75%, 12/07/46(a)
273
231,793
4.81%, 07/25/28, (1-day SOFR + 1.98%)(c)
660
662,487
4.84%, 05/20/32, (1-day SOFR + 0.97%)(c)
700
699,416
4.90%, 07/25/33, (1-day SOFR + 2.10%)(c)
875
871,872
4.90%, 11/17/45
634
555,089
5.01%, 04/04/51, (3-mo. CME Term SOFR +
4.50%)(c)
1,448
1,296,771
5.38%, 11/02/43
167
157,269
5.39%, 04/24/34, (1-day SOFR + 2.02%)(c)
135
137,350
5.50%, 01/23/35, (1-day SOFR + 1.78%)(a)(c)
126
128,551
5.56%, 07/25/34, (1-day SOFR + 1.99%)(c)
290
298,137
5.61%, 01/15/44
497
480,049
5.95%, 12/01/86
1,000
1,019,834
6.49%, 10/23/34, (1-day SOFR + 2.06%)(c)
325
351,994
Series B, 7.95%, 11/15/29
467
513,169
Westpac Banking Corp.
2.65%, 01/16/30
271
255,393
2.67%, 11/15/35, (5-year CMT + 1.75%)(c)
502
452,885
3.02%, 11/18/36, (5-year CMT + 1.53%)(c)
691
618,582
3.40%, 01/25/28
513
506,751
4.11%, 07/24/34, (5-year CMT + 2.00%)(a)(c)
308
300,703
5.62%, 11/20/35, (1-year CMT + 1.20%)(c)
695
702,839
Wintrust Financial Corp., 4.85%, 06/06/29
119
117,206
 
279,915,325
Beverages — 2.7%
Anheuser-Busch Cos LLC/Anheuser-Busch InBev
Worldwide, Inc.
4.70%, 02/01/36
1,492
1,452,560
4.90%, 02/01/46
2,045
1,869,090
Anheuser-Busch InBev Finance, Inc.
4.00%, 01/17/43
30
24,724
4.63%, 02/01/44
246
218,624
4.70%, 02/01/36
975
949,026
4.90%, 02/01/46
212
192,398
Anheuser-Busch InBev Worldwide, Inc.
3.50%, 06/01/30
661
638,422
3.75%, 07/15/42
30
24,158
4.38%, 04/15/38
186
173,830
4.44%, 10/06/48
567
480,373
4.50%, 06/01/50(a)
215
192,148
4.60%, 04/15/48
290
252,649
4.75%, 01/23/29
1,025
1,033,450
4.75%, 04/15/58
364
313,401
4.90%, 01/23/31
319
324,427
4.95%, 01/15/42
559
526,407
5.00%, 06/15/34
80
80,829
5.45%, 01/23/39
474
483,140
5.55%, 01/23/49
879
864,795
5.80%, 01/23/59
389
396,071
5.88%, 06/15/35
391
417,899
8.00%, 11/15/39
145
180,925
8

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Beverages (continued)
8.20%, 01/15/39
$391
$492,798
Brown-Forman Corp.
4.00%, 04/15/38
19
16,696
4.50%, 07/15/45(a)
64
54,190
Coca-Cola Co.(The)
1.38%, 03/15/31
1,237
1,078,764
1.65%, 06/01/30
517
466,780
2.00%, 03/05/31
240
215,790
2.13%, 09/06/29
212
198,906
2.25%, 01/05/32
1,982
1,775,580
2.50%, 06/01/40
108
79,269
2.50%, 03/15/51
396
235,602
2.60%, 06/01/50
344
211,261
2.75%, 06/01/60
448
259,763
3.00%, 03/05/51
482
320,085
3.45%, 03/25/30
483
469,151
4.20%, 03/25/50
388
320,585
4.65%, 08/14/34(a)
215
215,418
5.00%, 05/13/34
120
123,265
5.20%, 01/14/55
253
241,062
5.40%, 05/13/64
115
110,583
Coca-Cola Femsa SAB de CV
1.85%, 09/01/32
103
85,896
2.75%, 01/22/30
60
56,068
5.25%, 11/26/43
205
195,868
Constellation Brands, Inc.
2.88%, 05/01/30
65
60,917
3.60%, 02/15/28(a)
40
39,450
3.75%, 05/01/50
142
103,797
4.10%, 02/15/48
110
85,611
4.50%, 05/09/47
166
137,311
4.65%, 11/15/28
30
30,078
4.85%, 05/06/31
75
75,039
5.25%, 11/15/48(a)
60
54,985
Diageo Capital PLC
2.00%, 04/29/30
2,617
2,374,361
2.13%, 04/29/32
1,195
1,033,598
2.38%, 10/24/29
2,026
1,891,013
3.88%, 05/18/28
2,880
2,854,768
5.30%, 10/24/27
425
430,906
5.63%, 10/05/33
218
227,252
5.88%, 09/30/36
465
493,520
Diageo Investment Corp.
4.25%, 05/11/42(a)
130
111,564
5.13%, 08/15/30
540
549,680
5.63%, 04/15/35
430
446,720
7.45%, 04/15/35
1,635
1,911,682
Fomento Economico Mexicano SAB de CV
3.50%, 01/16/50
195
140,161
4.38%, 05/10/43
20
17,320
Keurig Dr Pepper, Inc.
3.20%, 05/01/30
80
75,296
3.35%, 03/15/51
155
101,153
3.80%, 05/01/50
229
162,590
4.05%, 04/15/32
338
322,085
4.42%, 12/15/46
176
141,560
4.50%, 11/15/45(a)
191
157,799
4.50%, 04/15/52
325
258,783
4.60%, 05/25/28
380
380,321
5.09%, 05/25/48
153
134,423
5.30%, 03/15/34
30
30,005
Security
Par
(000
)
Value
Beverages (continued)
Molson Coors Beverage Co.
4.20%, 07/15/46
$638
$510,076
4.90%, 07/08/31
245
245,766
5.00%, 05/01/42
448
410,722
5.50%, 07/08/36
460
463,502
PepsiCo, Inc.
1.63%, 05/01/30
224
202,000
2.63%, 07/29/29
1,248
1,187,550
2.75%, 03/19/30
5
4,716
2.75%, 10/21/51
95
58,790
2.88%, 10/15/49
140
90,974
3.38%, 07/29/49
165
117,457
3.50%, 03/19/40
133
110,471
3.63%, 03/19/50
240
178,115
3.88%, 03/19/60
125
92,677
4.00%, 03/05/42
115
97,874
4.00%, 05/02/47
128
102,942
4.45%, 04/14/46
307
266,800
4.80%, 07/17/34
100
100,651
4.88%, 11/01/40
254
243,868
5.25%, 07/17/54
50
48,097
5.50%, 01/15/40
174
178,732
7.00%, 03/01/29
39
41,696
 
37,899,950
Biotechnology — 1.5%
Amgen, Inc.
2.30%, 02/25/31
109
98,411
2.45%, 02/21/30
1,110
1,030,091
2.77%, 09/01/53
405
240,449
3.00%, 01/15/52(a)
436
282,793
3.15%, 02/21/40
40
31,110
3.20%, 11/02/27
807
795,354
3.38%, 02/21/50
300
211,859
4.20%, 03/01/33
320
308,380
4.20%, 02/22/52
189
147,953
4.40%, 05/01/45
671
568,580
4.40%, 02/22/62
362
281,997
4.56%, 06/15/48
454
383,815
4.66%, 06/15/51
965
817,658
4.88%, 03/01/53
117
101,595
4.95%, 10/01/41
207
192,690
5.15%, 11/15/41
307
291,805
5.25%, 03/02/33
1,135
1,159,003
5.65%, 06/15/42
50
49,686
5.65%, 03/02/53
745
724,095
5.75%, 03/15/40
134
137,432
5.75%, 03/02/63
634
615,066
6.38%, 06/01/37
175
190,791
6.40%, 02/01/39
188
202,665
Baxalta, Inc., 5.25%, 06/23/45
175
163,214
Biogen, Inc.
2.25%, 05/01/30
150
136,977
3.15%, 05/01/50
401
259,279
3.25%, 02/15/51
156
101,826
5.05%, 01/15/31
60
60,860
5.20%, 09/15/45
680
626,824
5.75%, 05/15/35(a)
95
99,005
6.45%, 05/15/55
100
106,224
Gilead Sciences, Inc.
1.20%, 10/01/27
1,071
1,029,958
1.65%, 10/01/30
1,285
1,140,561
9

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Biotechnology (continued)
4.00%, 09/01/36
$445
$409,166
4.15%, 03/01/47
525
429,732
4.25%, 05/20/28
490
489,918
4.40%, 05/20/29
715
715,049
4.50%, 02/01/45
414
360,691
4.60%, 05/20/31
520
520,529
4.60%, 09/01/35
620
604,963
4.75%, 03/01/46
683
612,626
4.80%, 11/15/29
165
167,015
4.80%, 04/01/44
536
488,531
4.90%, 05/20/34
595
596,026
5.10%, 06/15/35
825
832,480
5.25%, 10/15/33
915
943,143
5.60%, 11/15/64
90
88,196
5.65%, 12/01/41
352
359,154
Illumina, Inc., 2.55%, 03/23/31
175
158,318
Regeneron Pharmaceuticals, Inc., 2.80%,
09/15/50
241
146,495
Royalty Pharma PLC
3.30%, 09/02/40
145
112,330
3.35%, 09/02/51
167
111,295
3.55%, 09/02/50
384
267,543
5.40%, 09/02/34
65
65,779
5.90%, 09/02/54
155
153,103
5.95%, 09/25/55
115
114,449
 
21,334,537
Building Materials — 2.2%
Carlisle Companies, Inc.
2.75%, 03/01/30
242
226,431
3.75%, 12/01/27(a)
31
30,714
Carrier Global Corp.
2.70%, 02/15/31
611
561,009
2.72%, 02/15/30
365
341,604
3.38%, 04/05/40
236
188,957
3.58%, 04/05/50(a)
583
424,264
5.90%, 03/15/34
603
635,806
6.20%, 03/15/54(a)
90
95,938
CRH America Finance, Inc.
4.40%, 02/09/31
395
389,610
5.00%, 02/09/36
860
845,334
5.40%, 05/21/34
2,513
2,565,823
5.50%, 01/09/35
640
653,490
5.60%, 02/09/56(a)
225
219,372
5.88%, 01/09/55
55
55,424
CRH SMW Finance DAC
5.13%, 01/09/30
1,345
1,366,091
5.20%, 05/21/29(a)
2,920
2,980,331
Fortune Brands Innovations, Inc.
3.25%, 09/15/29
503
480,082
4.00%, 03/25/32
1,202
1,137,151
4.50%, 03/25/52(a)
254
202,985
5.88%, 06/01/33(a)
1,367
1,420,527
Johnson Controls International PLC
4.95%, 07/02/64(d)
65
56,162
6.00%, 01/15/36
725
768,402
Johnson Controls International PLC/Tyco Fire &
Security Finance SCA
1.75%, 09/15/30(a)
2,535
2,257,520
2.00%, 09/16/31(a)
1,186
1,036,514
4.90%, 12/01/32
30
30,113
Security
Par
(000
)
Value
Building Materials (continued)
Lennox International, Inc.
1.70%, 08/01/27
$1,167
$1,132,843
5.50%, 09/15/28
645
658,231
Martin Marietta Materials, Inc.
3.20%, 07/15/51
328
217,569
3.45%, 06/01/27
81
80,283
3.50%, 12/15/27
55
54,308
4.25%, 12/15/47
180
146,037
5.15%, 12/01/34
50
50,264
5.50%, 12/01/54
490
470,138
Series CB, 2.50%, 03/15/30
128
118,300
Masco Corp.
3.13%, 02/15/51(a)
60
38,808
3.50%, 11/15/27
218
214,970
4.50%, 05/15/47
105
86,966
Mohawk Industries, Inc., 3.63%, 05/15/30
5
4,805
Owens Corning
3.95%, 08/15/29
570
560,180
4.30%, 07/15/47
202
163,266
4.40%, 01/30/48
134
109,807
5.50%, 06/15/27
45
45,559
5.70%, 06/15/34(a)
185
191,591
5.95%, 06/15/54(a)
390
391,460
7.00%, 12/01/36
303
340,569
Trane Technologies Financing Ltd.
3.80%, 03/21/29
1,518
1,494,425
5.10%, 06/13/34
885
896,754
5.25%, 03/03/33
1,260
1,292,043
Trane Technologies Holdco, Inc.
3.75%, 08/21/28
2,893
2,861,843
4.30%, 02/21/48
172
141,896
5.75%, 06/15/43
291
299,891
Vulcan Materials Co.
4.50%, 06/15/47
112
95,126
4.70%, 03/01/48
44
38,301
4.95%, 12/01/29
50
50,618
5.35%, 12/01/34
50
50,877
5.70%, 12/01/54(a)
125
123,349
 
31,390,731
Chemicals — 1.2%
Cabot Corp., 4.00%, 07/01/29
65
63,738
CF Industries, Inc.
4.95%, 06/01/43
110
99,866
5.38%, 03/15/44
176
166,387
Dow Chemical Co.(The)
3.60%, 11/15/50
227
151,131
4.25%, 10/01/34
291
266,959
4.38%, 11/15/42
215
174,143
4.63%, 10/01/44
108
88,317
4.80%, 11/30/28
110
110,338
4.80%, 01/15/31
75
74,321
4.80%, 05/15/49
172
137,778
5.15%, 02/15/34(a)
405
399,115
5.25%, 11/15/41
174
157,467
5.35%, 03/15/35
75
74,181
5.55%, 11/30/48
260
231,340
5.60%, 02/15/54(a)
75
66,631
5.65%, 03/15/36(a)
85
85,048
6.30%, 03/15/33(a)
298
314,794
6.90%, 05/15/53(a)
75
78,702
9.40%, 05/15/39
309
400,187
10

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Chemicals (continued)
DuPont de Nemours, Inc.
4.73%, 11/15/28
$45
$45,150
4.73%, 11/15/28(b)
282
282,349
5.32%, 11/15/38
423
417,307
5.42%, 11/15/48
329
310,637
Eastman Chemical Co.
4.50%, 12/01/28
25
24,941
4.65%, 10/15/44(a)
190
162,037
4.80%, 09/01/42
154
136,437
Ecolab, Inc.
1.30%, 01/30/31
787
679,788
2.13%, 02/01/32
60
52,654
2.13%, 08/15/50
95
51,438
2.70%, 12/15/51
191
116,346
2.75%, 08/18/55
10
5,940
3.25%, 12/01/27
2,222
2,194,180
4.30%, 06/15/28
30
30,004
4.60%, 06/15/29
325
326,417
4.80%, 03/24/30
1,155
1,166,997
4.80%, 06/15/31
325
327,436
5.00%, 09/01/35
225
224,868
5.15%, 06/15/33
325
330,033
5.35%, 06/15/36
325
330,296
International Flavors & Fragrances, Inc.
4.38%, 06/01/47
254
204,776
4.45%, 09/26/28
316
315,680
5.00%, 09/26/48
118
104,065
LYB International Finance BV
4.88%, 03/15/44
230
194,474
5.25%, 07/15/43
240
212,211
LYB International Finance III LLC
3.63%, 04/01/51
244
161,254
3.80%, 10/01/60
427
272,083
4.20%, 10/15/49
212
155,455
4.20%, 05/01/50
283
206,799
5.50%, 03/01/34
165
165,131
5.63%, 05/15/33
516
523,126
LyondellBasell Industries NV, 4.63%, 02/26/55(a)
391
302,234
Mosaic Co.(The)
4.05%, 11/15/27
140
139,145
4.88%, 11/15/41(a)
45
40,118
5.45%, 11/15/33(a)
377
381,902
5.63%, 11/15/43(a)
115
108,959
Nutrien Ltd.
3.95%, 05/13/50
125
93,818
4.13%, 03/15/35
577
531,405
4.20%, 04/01/29
103
102,186
4.85%, 05/29/31
175
175,382
4.90%, 06/01/43
117
105,276
5.00%, 04/01/49
143
127,464
5.25%, 01/15/45
196
183,065
5.35%, 05/29/36
175
175,542
5.40%, 06/21/34(a)
225
229,272
5.63%, 12/01/40
67
66,431
5.80%, 03/27/53(a)
189
187,278
5.88%, 12/01/36
108
112,117
6.13%, 01/15/41
80
84,072
PPG Industries, Inc.
2.80%, 08/15/29
72
68,173
3.75%, 03/15/28
46
45,535
4.38%, 03/15/31
155
152,696
Security
Par
(000
)
Value
Chemicals (continued)
RPM International, Inc.
4.25%, 01/15/48
$19
$15,231
4.55%, 03/01/29
51
50,973
5.25%, 06/01/45
62
57,652
Sherwin-Williams Co.(The)
2.30%, 05/15/30(a)
180
164,978
2.95%, 08/15/29
87
82,915
3.30%, 05/15/50
5
3,361
3.45%, 06/01/27
85
84,367
3.80%, 08/15/49
15
11,215
4.00%, 12/15/42
70
56,527
4.50%, 06/01/47
558
468,818
4.55%, 08/01/45
192
163,594
5.15%, 08/15/35(a)
75
75,207
Westlake Corp.
3.38%, 08/15/61
130
78,307
4.38%, 11/15/47
5
3,894
5.00%, 08/15/46(a)
33
28,417
 
17,628,278
Commercial Services — 1.3%
Automatic Data Processing, Inc.
1.25%, 09/01/30(a)
4,309
3,787,156
1.70%, 05/15/28
5,073
4,844,524
4.45%, 09/09/34
50
48,943
4.75%, 05/08/32
105
105,410
5.00%, 05/07/36
250
249,327
Block Financial LLC, 3.88%, 08/15/30(a)
284
270,404
Global Payments, Inc.
5.40%, 08/15/32(a)
105
104,982
5.95%, 08/15/52(a)
144
136,431
Moody's Corp.
3.10%, 11/29/61
210
124,865
3.25%, 05/20/50
124
82,860
4.25%, 02/01/29
20
19,927
4.88%, 12/17/48
214
189,175
5.25%, 07/15/44
42
39,638
PayPal Holdings, Inc.
2.30%, 06/01/30
182
166,220
3.25%, 06/01/50(a)
311
203,160
4.55%, 06/01/28
175
175,512
4.95%, 06/01/31
175
175,208
5.05%, 06/01/52
91
78,539
5.25%, 06/01/62
204
177,985
5.55%, 06/01/36
175
175,119
Quanta Services, Inc.
2.35%, 01/15/32
475
417,291
2.90%, 10/01/30
564
525,370
3.05%, 10/01/41
181
133,835
4.75%, 08/09/27
75
75,295
5.25%, 08/09/34
75
75,769
RELX Capital, Inc.
3.00%, 05/22/30
2,474
2,329,166
4.00%, 03/18/29
2,292
2,262,012
4.75%, 03/27/30
95
95,378
5.25%, 03/27/35
330
334,377
S&P Global, Inc.
2.30%, 08/15/60(a)
800
395,113
2.50%, 12/01/29
140
131,097
3.25%, 12/01/49(a)
458
315,468
3.90%, 03/01/62
115
83,406
4.25%, 01/15/31(b)
110
108,286
11

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Commercial Services (continued)
4.80%, 12/04/35(b)
$70
$68,459
Triton Container International Ltd./TAL International
Container Corp., 3.25%, 03/15/32
780
695,160
 
19,200,867
Computers — 1.7%
Apple, Inc.
2.40%, 08/20/50
417
243,246
2.55%, 08/20/60
1,490
810,696
2.65%, 05/11/50
346
214,178
2.65%, 02/08/51
380
232,783
2.70%, 08/05/51
497
306,806
2.80%, 02/08/61
324
187,409
2.85%, 08/05/61
433
252,267
2.95%, 09/11/49
306
202,637
3.35%, 08/08/32
210
199,549
3.45%, 02/09/45
333
256,230
3.75%, 09/12/47
170
132,592
3.75%, 11/13/47
82
63,932
3.85%, 05/04/43
341
284,237
3.85%, 08/04/46
598
478,319
3.95%, 08/08/52
568
443,735
4.10%, 08/08/62
425
328,201
4.25%, 02/09/47
382
322,681
4.38%, 05/13/45
250
219,228
4.50%, 02/23/36(a)
171
170,379
4.65%, 02/23/46
1,055
951,959
Dell International LLC/EMC Corp.
5.40%, 04/15/34(a)
35
35,782
8.10%, 07/15/36
232
278,464
8.35%, 07/15/46(a)
259
328,502
Dell, Inc., 6.50%, 04/15/38
220
238,148
DXC Technology Co., 2.38%, 09/15/28(a)
70
65,634
Gartner, Inc.
4.95%, 03/20/31(a)
565
549,853
5.60%, 11/20/35
530
507,472
Hewlett Packard Enterprise Co.
4.05%, 09/15/27
195
194,177
4.40%, 09/25/27
642
641,721
4.40%, 10/15/30
515
506,529
4.50%, 03/23/28
65
65,011
4.55%, 10/15/29
1,060
1,057,404
4.60%, 03/23/29
100
99,993
4.85%, 10/15/31(a)
614
613,199
5.00%, 10/15/34
695
681,565
5.25%, 07/01/28(a)
719
729,274
5.25%, 04/01/33
125
125,933
5.60%, 10/15/54
345
317,967
6.20%, 10/15/35(a)
530
568,582
HP, Inc.
4.20%, 04/15/32(a)
450
431,401
5.50%, 01/15/33(a)
310
317,603
6.00%, 09/15/41(a)
521
534,367
IBM International Capital Pte. Ltd.
4.90%, 02/05/34
142
140,837
5.30%, 02/05/54
245
221,435
International Business Machines Corp.
2.95%, 05/15/50
138
86,064
3.50%, 05/15/29
1,238
1,206,973
4.00%, 02/03/29
200
197,965
4.00%, 06/20/42
185
152,267
4.15%, 05/15/39
179
156,716
Security
Par
(000
)
Value
Computers (continued)
4.25%, 05/15/49
$580
$455,003
4.30%, 02/03/31
200
196,980
4.60%, 02/03/33
100
98,378
4.70%, 02/19/46
164
141,360
4.75%, 02/06/33
170
169,624
4.90%, 07/27/52
95
81,175
4.95%, 02/03/36
195
191,524
5.10%, 02/06/53
100
88,738
5.60%, 11/30/39(a)
191
195,615
5.70%, 02/10/55
100
95,997
5.80%, 02/03/56(a)
215
209,828
5.88%, 11/29/32
408
432,531
6.22%, 08/01/27
314
320,913
6.50%, 01/15/28(a)
157
162,392
7.13%, 12/01/96
107
122,540
Kyndryl Holdings, Inc., 3.15%, 10/15/31
25
20,978
Leidos, Inc.
2.30%, 02/15/31
215
191,958
4.38%, 05/15/30
656
645,401
5.00%, 03/15/36
100
96,805
NetApp, Inc.
2.70%, 06/22/30
1,890
1,741,703
5.50%, 03/17/32
560
572,966
5.70%, 03/17/35
465
476,110
Teledyne FLIR LLC, 2.50%, 08/01/30
75
68,761
 
24,129,182
Cosmetics & Personal Care — 0.6%
Colgate-Palmolive Co.
3.70%, 08/01/47
642
496,133
4.00%, 08/15/45
321
270,387
Estee Lauder Companies, Inc.(The)
2.38%, 12/01/29
118
109,868
3.13%, 12/01/49
228
150,525
4.15%, 03/15/47
126
100,242
4.38%, 06/15/45
94
78,238
6.00%, 05/15/37
74
78,739
Kenvue, Inc.
4.85%, 05/22/32
75
75,683
5.05%, 03/22/53(a)
90
82,142
5.20%, 03/22/63
603
545,660
Procter & Gamble Co.(The)
2.85%, 08/11/27
1,291
1,273,226
3.00%, 03/25/30
65
62,103
3.50%, 10/25/47
185
140,118
3.55%, 03/25/40
25
21,322
3.60%, 03/25/50
30
22,931
4.10%, 11/03/32(a)
75
73,622
4.35%, 11/03/35(a)
75
72,669
4.60%, 05/01/35
225
223,611
5.55%, 03/05/37
505
536,402
5.80%, 08/15/34
204
219,162
Unilever Capital Corp.
1.38%, 09/14/30
395
348,597
1.75%, 08/12/31
1,150
1,005,121
2.13%, 09/06/29
355
332,229
3.50%, 03/22/28
420
415,115
4.63%, 08/12/34
130
128,493
5.00%, 12/08/33
506
516,831
5.90%, 11/15/32
611
655,843
12

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Cosmetics & Personal Care (continued)
Series 30Y, 2.63%, 08/12/51
$419
$257,132
 
8,292,144
Distribution & Wholesale — 0.4%
LKQ Corp.
5.75%, 06/15/28
1,815
1,846,511
6.25%, 06/15/33
1,930
1,996,698
WW Grainger, Inc.
3.75%, 05/15/46(a)
244
190,549
4.20%, 05/15/47
246
202,985
4.45%, 09/15/34
1,774
1,730,717
4.60%, 06/15/45
378
337,605
 
6,305,065
Diversified Financial Services — 3.2%
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust
3.00%, 10/29/28
684
658,871
3.30%, 01/30/32
1,136
1,039,626
3.40%, 10/29/33
759
675,231
3.65%, 07/21/27
290
287,260
3.85%, 10/29/41
462
372,750
3.88%, 01/23/28
552
545,954
4.63%, 10/15/27
326
326,393
4.95%, 09/10/34
87
84,763
5.30%, 01/19/34
524
524,463
6.50%, 01/31/56, (5-year CMT + 2.44%)(c)
80
81,385
6.95%, 03/10/55, (5-year CMT + 2.72%)(c)
596
616,909
Ally Financial, Inc.
6.85%, 01/03/30, (1-day SOFR + 2.82%)(c)
95
98,952
8.00%, 11/01/31
862
960,805
American Express Co.
4.05%, 12/03/42
375
315,734
4.42%, 08/03/33, (1-day SOFR + 1.76%)(c)
277
269,741
4.44%, 05/03/30, (1-day SOFR + 0.81%)(c)
455
453,516
4.46%, 02/10/32, (1-day SOFR + 0.87%)(c)
145
143,201
4.80%, 10/24/36, (1-day SOFR + 1.24%)(c)
195
188,742
4.92%, 07/20/33, (1-day SOFR + 1.22%)(c)
230
230,245
4.99%, 05/26/33, (1-day SOFR + 2.26%)(c)
75
74,762
5.02%, 04/25/31, (1-day SOFR + 1.44%)(c)
425
430,287
5.04%, 05/01/34, (1-day SOFR + 1.84%)(c)
125
125,534
5.28%, 07/26/35, (1-day SOFR + 1.42%)(c)
665
672,784
5.44%, 01/30/36, (1-day SOFR Index +
1.32%)(c)
295
300,979
5.53%, 04/25/30, (1-day SOFR Index +
1.09%)(c)
115
117,913
5.63%, 07/28/34, (1-day SOFR + 1.93%)(c)
402
411,626
5.67%, 04/25/36, (1-day SOFR + 1.79%)(c)
370
383,573
5.92%, 04/25/35, (1-day SOFR + 1.63%)(c)
505
524,201
6.49%, 10/30/31, (1-day SOFR + 1.94%)(c)
335
358,790
Apollo Global Management, Inc.
5.70%, 03/30/36
75
75,786
5.80%, 05/21/54(a)
120
115,690
6.00%, 12/15/54, (5-year CMT + 2.17%)(a)(c)
65
62,996
Ares Management Corp., 5.60%, 10/11/54
210
190,595
Brookfield Capital Finance LLC, 6.09%, 06/14/33
562
592,305
Brookfield Finance I U.K. PLC/Brookfield Finance,
Inc., 2.34%, 01/30/32
599
523,164
Brookfield Finance LLC/Brookfield Finance, Inc.,
3.45%, 04/15/50
284
192,686
Brookfield Finance, Inc.
3.50%, 03/30/51
238
162,945
Security
Par
(000
)
Value
Diversified Financial Services (continued)
3.63%, 02/15/52
$160
$111,048
3.90%, 01/25/28
391
387,021
4.35%, 04/15/30
49
48,190
4.70%, 09/20/47
234
199,160
4.85%, 03/29/29
367
368,351
5.33%, 01/15/36
135
133,247
5.68%, 01/15/35
466
474,096
5.97%, 03/04/54
150
148,664
6.35%, 01/05/34
460
490,313
Capital One Financial Corp.
2.36%, 07/29/32, (1-day SOFR + 1.34%)(c)
427
368,698
2.62%, 11/02/32, (1-day SOFR + 1.27%)(a)(c)
220
194,528
3.27%, 03/01/30, (1-day SOFR + 1.79%)(c)
75
72,243
3.80%, 01/31/28
560
554,146
4.72%, 01/30/32, (1-day SOFR + 1.15%)(c)
125
123,425
5.20%, 09/11/36, (1-day SOFR + 1.63%)(c)
280
272,557
5.25%, 07/26/30, (1-day SOFR + 2.60%)(c)
200
202,742
5.27%, 05/10/33, (1-day SOFR + 2.37%)(c)
560
562,193
5.40%, 01/30/37, (1-day SOFR + 1.51%)(c)
170
167,697
5.82%, 02/01/34, (1-day SOFR + 2.60%)(c)
165
169,696
5.88%, 07/26/35, (1-day SOFR + 1.99%)(c)
155
159,225
6.18%, 01/30/36, (1-day SOFR + 2.04%)(c)
140
143,220
6.31%, 06/08/29, (1-day SOFR + 2.64%)(c)
295
304,334
6.38%, 06/08/34, (1-day SOFR + 2.86%)(c)
385
407,971
6.70%, 11/29/32
424
461,421
7.62%, 10/30/31, (1-day SOFR + 3.07%)(c)
95
104,638
7.96%, 11/02/34, (1-day SOFR Index +
3.37%)(c)
690
794,907
Cboe Global Markets, Inc.
1.63%, 12/15/30
60
52,767
3.00%, 03/16/32
567
520,709
Charles Schwab Corp.(The)
1.95%, 12/01/31(a)
260
226,400
2.00%, 03/20/28
205
197,061
2.30%, 05/13/31
215
192,758
2.90%, 03/03/32(a)
445
404,015
3.20%, 01/25/28
89
87,521
3.25%, 05/22/29
10
9,707
4.00%, 02/01/29
50
49,563
4.63%, 03/22/30(a)
105
105,877
5.85%, 05/19/34, (1-day SOFR + 2.50%)(c)
80
83,755
6.14%, 08/24/34, (1-day SOFR + 2.01%)(c)
250
265,918
CME Group, Inc.
2.65%, 03/15/32
25
22,624
3.75%, 06/15/28
129
127,863
5.30%, 09/15/43
45
44,662
Franklin Resources, Inc., 2.95%, 08/12/51
35
21,862
Intercontinental Exchange, Inc.
1.85%, 09/15/32
160
135,174
2.65%, 09/15/40
137
100,036
3.00%, 06/15/50(a)
457
299,268
3.00%, 09/15/60
853
503,555
3.10%, 09/15/27
65
64,038
3.75%, 09/21/28
125
123,221
3.95%, 12/01/28(a)
70
69,295
4.20%, 03/15/31
75
73,775
4.25%, 09/21/48
356
294,407
4.60%, 03/15/33
255
252,536
4.95%, 06/15/52(a)
305
276,374
5.20%, 06/15/62
350
319,881
Invesco Finance PLC, 5.38%, 11/30/43
186
177,570
13

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Diversified Financial Services (continued)
Janus Henderson U.S. Holdings, Inc., 5.45%,
09/10/34
$1,340
$1,354,674
Jefferies Financial Group, Inc.
2.63%, 10/15/31
35
30,586
4.15%, 01/23/30
87
84,352
5.50%, 02/15/36
10
9,732
6.25%, 01/15/36
93
95,861
6.50%, 01/20/43(a)
185
186,333
Lazard Group LLC
5.63%, 08/01/35
325
327,564
6.00%, 03/15/31
25
26,080
Legg Mason, Inc., 5.63%, 01/15/44
282
277,783
LPL Holdings, Inc.
5.65%, 03/15/35
315
313,310
5.75%, 06/15/35
625
626,238
Mastercard, Inc.
2.95%, 06/01/29
70
67,516
2.95%, 03/15/51
173
112,129
3.35%, 03/26/30
90
86,855
3.65%, 06/01/49
229
171,147
3.80%, 11/21/46
121
94,858
3.85%, 03/26/50
336
260,546
3.95%, 02/26/48
223
176,272
4.55%, 01/15/35
255
249,719
4.88%, 05/09/34
205
206,044
Nasdaq, Inc.
1.65%, 01/15/31(a)
255
224,191
3.25%, 04/28/50(a)
239
161,882
3.95%, 03/07/52
215
161,269
5.35%, 06/28/28
458
465,834
5.55%, 02/15/34
673
695,025
5.95%, 08/15/53(a)
104
105,706
6.10%, 06/28/63(a)
146
149,733
Nomura Holdings, Inc.
2.17%, 07/14/28
735
698,666
2.61%, 07/14/31
477
427,224
2.68%, 07/16/30(a)
407
373,721
2.71%, 01/22/29
361
343,152
3.00%, 01/22/32
210
189,836
3.10%, 01/16/30
785
739,383
4.90%, 07/01/30
200
199,989
5.39%, 07/06/27
200
201,785
5.49%, 06/29/35
200
203,593
5.78%, 07/03/34
240
248,444
5.84%, 01/18/28
245
249,665
6.07%, 07/12/28
210
215,899
6.09%, 07/12/33
200
211,555
6.18%, 01/18/33
200
211,961
ORIX Corp.
2.25%, 03/09/31(a)
74
65,854
3.70%, 07/18/27(a)
61
60,463
4.00%, 04/13/32
235
224,879
5.20%, 09/13/32(a)
145
146,912
5.40%, 02/25/35
75
75,858
Raymond James Financial, Inc.
3.75%, 04/01/51
190
137,554
4.65%, 04/01/30
382
383,106
4.90%, 09/11/35(a)
595
578,809
4.95%, 07/15/46
289
259,158
5.65%, 09/11/55(a)
80
77,266
Security
Par
(000
)
Value
Diversified Financial Services (continued)
Sumisho Air Lease Corp.
2.88%, 01/15/32(a)
$266
$237,542
3.00%, 02/01/30
139
130,082
3.13%, 12/01/30
65
60,128
3.25%, 10/01/29
162
153,885
3.63%, 12/01/27
253
249,495
4.63%, 10/01/28
228
227,278
Synchrony Financial
2.88%, 10/28/31
319
280,791
3.95%, 12/01/27
907
897,497
4.95%, 02/25/32, (1-day SOFR + 1.53%)(c)
50
48,796
5.15%, 03/19/29
589
590,024
5.94%, 08/02/30, (1-day SOFR Index +
2.13%)(c)
260
264,956
6.00%, 07/29/36, (1-day SOFR + 2.07%)(c)
925
927,449
UBS Americas, Inc., 7.13%, 07/15/32
660
737,595
Visa, Inc.
2.00%, 08/15/50(a)
347
185,257
3.65%, 09/15/47
273
209,787
4.10%, 02/12/31
150
149,111
4.15%, 12/14/35(a)
613
585,062
4.30%, 12/14/45
663
571,075
4.40%, 02/12/33
100
98,727
4.70%, 02/12/36
100
99,074
Voya Financial, Inc., 4.70%, 01/23/48, (3-mo.
SOFR US + 2.34%)(a)(c)
195
189,517
Western Union Co. (The), 6.20%, 11/17/36(a)
304
316,239
 
46,172,418
Electric — 7.9%
AEP Texas, Inc.
3.45%, 05/15/51
654
439,507
4.70%, 05/15/32
366
361,124
5.25%, 05/15/52
465
418,599
5.40%, 06/01/33
727
740,251
5.70%, 05/15/34
552
570,065
5.85%, 10/15/55
170
166,343
Series G, 4.15%, 05/01/49
125
95,472
Series H, 3.45%, 01/15/50
257
175,001
Series Q, 5.20%, 04/15/36
100
98,431
Atlantic City Electric Co., 2.30%, 03/15/31
70
62,846
Avangrid, Inc., 3.80%, 06/01/29
5,010
4,882,971
Avista Corp.
4.00%, 04/01/52(a)
943
702,468
4.35%, 06/01/48
585
472,497
Baltimore Gas and Electric Co.
3.20%, 09/15/49
619
412,389
3.50%, 08/15/46
494
357,584
3.75%, 08/15/47
428
320,630
4.25%, 09/15/48
386
311,487
5.15%, 06/01/33
380
383,634
5.40%, 06/01/53
87
82,323
5.45%, 06/01/35
355
362,011
5.65%, 06/01/54
370
360,748
6.05%, 06/01/56
570
586,178
6.35%, 10/01/36
215
232,770
CenterPoint Energy Houston Electric LLC
3.55%, 08/01/42
347
272,424
3.60%, 03/01/52
600
430,014
3.95%, 03/01/48
364
285,440
4.50%, 04/01/44
201
174,973
5.30%, 04/01/53
105
98,881
14

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
Series AC, 4.25%, 02/01/49
$120
$97,093
Series AD, 2.90%, 07/01/50
250
159,493
Series AF, 3.35%, 04/01/51
360
248,476
Series AQ, 4.95%, 08/15/35
25
24,748
Series AR, 4.85%, 04/01/36
50
49,124
Series K2, 6.95%, 03/15/33
48
53,572
Cleveland Electric Illuminating Co. (The), 5.95%,
12/15/36
550
568,237
CMS Energy Corp.
3.75%, 12/01/50, (5-year CMT + 2.90%)(c)
570
522,783
4.75%, 06/01/50, (5-year CMT + 4.12%)(a)(c)
665
652,846
6.50%, 06/01/55, (5-year CMT + 1.96%)(c)
260
267,000
Commonwealth Edison Co.
2.20%, 03/01/30
1,162
1,069,877
3.00%, 03/01/50
400
258,432
3.65%, 06/15/46
279
210,203
3.70%, 03/01/45
214
164,937
3.80%, 10/01/42
190
153,135
4.00%, 03/01/48
377
295,812
4.00%, 03/01/49
320
248,145
4.35%, 11/15/45
202
169,261
4.55%, 06/01/31
150
149,686
4.60%, 08/15/43
60
52,848
4.70%, 01/15/44
128
113,365
5.65%, 06/01/54
123
120,130
5.85%, 06/01/56
250
251,691
5.90%, 03/15/36
413
436,352
5.95%, 06/01/55
275
280,017
6.45%, 01/15/38
169
185,475
Series 122, 2.95%, 08/15/27
56
55,204
Series 123, 3.75%, 08/15/47
299
225,454
Series 127, 3.20%, 11/15/49
297
198,235
Series 131, 2.75%, 09/01/51
40
24,109
Series 133, 3.85%, 03/15/52
35
25,915
Connecticut Light and Power Co.(The)
4.00%, 04/01/48
792
626,154
4.30%, 04/15/44
380
319,950
4.95%, 01/15/30
50
50,707
4.95%, 08/15/34
45
44,811
5.25%, 01/15/53
420
391,668
Series A, 2.05%, 07/01/31
460
406,286
Series A, 4.15%, 06/01/45
574
469,389
Consolidated Edison Co. of New York, Inc.
3.60%, 06/15/61(a)
163
109,513
3.70%, 11/15/59
324
223,756
3.80%, 05/15/28
106
104,952
3.85%, 06/15/46
235
181,597
3.95%, 03/01/43
115
93,615
4.45%, 03/15/44
267
229,385
4.50%, 12/01/45
322
274,560
4.50%, 05/15/58
135
108,924
4.63%, 12/01/54
210
175,158
5.70%, 06/15/40
150
153,196
Series 05-A, 5.30%, 03/01/35
220
223,395
Series 06-A, 5.85%, 03/15/36
214
224,832
Series 06-B, 6.20%, 06/15/36
160
172,244
Series 07-A, 6.30%, 08/15/37(a)
153
165,248
Series 08-B, 6.75%, 04/01/38
238
267,798
Series 09-C, 5.50%, 12/01/39
242
243,008
Series 12-A, 4.20%, 03/15/42
184
156,012
Series 2017, 3.88%, 06/15/47
123
94,546
Security
Par
(000
)
Value
Electric (continued)
Series 20A, 3.35%, 04/01/30
$463
$443,729
Series 20B, 3.95%, 04/01/50
374
290,990
Series A, 4.13%, 05/15/49
258
203,907
Series B, 3.13%, 11/15/27
96
94,524
Series C, 3.00%, 12/01/60
535
314,535
Series C, 4.00%, 11/15/57(a)
165
121,194
Series C, 4.30%, 12/01/56
189
147,812
Series D, 4.00%, 12/01/28
291
288,530
Series E, 4.65%, 12/01/48(a)
133
113,658
Constellation Energy Generation LLC
5.60%, 06/15/42
64
63,244
5.75%, 10/01/41
102
102,763
5.80%, 03/01/33
645
675,130
6.25%, 10/01/39
210
221,663
Delmarva Power & Light Co., 4.15%, 05/15/45
269
219,682
Edison International
4.13%, 03/15/28
323
318,422
5.25%, 03/15/32
370
364,398
5.75%, 06/15/27
219
220,614
6.95%, 11/15/29
365
382,869
El Paso Electric Co.
5.00%, 12/01/44
125
107,319
6.00%, 05/15/35
102
103,678
Enel Chile SA, 4.88%, 06/12/28
1,240
1,245,062
Entergy Corp.
3.75%, 06/15/50
400
287,931
6.10%, 06/15/56, (5-year CMT + 2.01%)(c)
20
19,946
7.13%, 12/01/54, (5-year CMT + 2.67%)(c)
180
186,736
Entergy Louisiana LLC
2.90%, 03/15/51
624
390,497
4.20%, 09/01/48
275
220,162
4.20%, 04/01/50
353
277,471
4.95%, 01/15/45
615
563,392
5.65%, 04/15/56
200
195,531
5.70%, 03/15/54
314
307,950
Entergy Texas, Inc.
5.00%, 09/15/52
189
167,074
5.20%, 06/15/36
400
398,291
5.80%, 09/01/53(a)
230
228,597
Eversource Energy
2.55%, 03/15/31
280
252,255
3.38%, 03/01/32
190
174,813
3.45%, 01/15/50
556
386,559
4.45%, 12/15/30
100
98,397
5.13%, 05/15/33
314
314,058
5.45%, 03/01/28
135
136,926
5.50%, 01/01/34
461
469,361
5.85%, 04/15/31
85
88,529
5.95%, 07/15/34
439
459,179
Series A, 6.10%, 08/15/56, (5-year CMT +
2.52%)(a)(c)
65
64,629
Series B, 6.35%, 08/15/56, (5-year CMT +
2.33%)(c)
405
405,783
Series M, 3.30%, 01/15/28
223
218,622
Series O, 4.25%, 04/01/29
387
383,718
Series R, 1.65%, 08/15/30
2,662
2,348,156
Exelon Corp.
4.05%, 04/15/30
1,003
981,294
4.10%, 03/15/52
332
253,503
4.45%, 04/15/46
386
320,841
4.70%, 04/15/50
413
347,914
15

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
4.95%, 06/15/35
$278
$270,779
5.10%, 06/15/45
366
334,147
5.45%, 03/15/34
285
291,586
5.60%, 03/15/53
287
274,799
5.63%, 06/15/35
300
308,932
5.88%, 03/15/55
625
617,109
6.50%, 03/15/55, (5-year CMT + 1.98%)(c)
175
181,026
FirstEnergy Transmission LLC, 5.00%, 01/15/35
1,450
1,433,637
Florida Power & Light Co.
3.15%, 10/01/49
361
243,437
3.70%, 12/01/47
214
161,302
3.95%, 03/01/48
351
276,582
3.99%, 03/01/49
428
334,755
4.05%, 06/01/42
236
198,460
4.05%, 10/01/44
240
196,812
4.13%, 02/01/42
289
246,213
4.13%, 06/01/48
271
217,465
4.95%, 06/01/35
256
254,747
5.25%, 02/01/41
130
128,017
5.63%, 04/01/34
516
539,150
5.65%, 02/01/37
167
175,089
5.69%, 03/01/40
180
184,994
5.80%, 03/15/65
65
64,486
5.95%, 02/01/38
201
214,186
5.96%, 04/01/39
125
132,292
Iberdrola International BV, 6.75%, 07/15/36
2,270
2,554,300
ITC Holdings Corp.
3.35%, 11/15/27
369
363,591
5.30%, 07/01/43
793
732,291
National Grid PLC
5.42%, 01/11/34
1,699
1,732,330
5.60%, 06/12/28(a)
1,375
1,403,394
5.81%, 06/12/33
1,857
1,937,962
National Grid USA, 5.80%, 04/01/35(a)
1,280
1,330,330
National Rural Utilities Cooperative Finance Corp.
2.40%, 03/15/30
35
32,386
3.70%, 03/15/29
40
39,235
4.02%, 11/01/32
221
212,688
4.30%, 03/15/49
462
380,862
4.40%, 11/01/48
189
157,296
5.05%, 09/15/28
40
40,532
Series C, 8.00%, 03/01/32
238
275,384
Nevada Power Co.
5.90%, 05/01/53
520
517,555
Series EE, 3.13%, 08/01/50(a)
333
216,837
NextEra Energy Capital Holdings, Inc.
2.25%, 06/01/30
2,943
2,686,180
2.75%, 11/01/29
3,581
3,392,568
3.00%, 01/15/52
55
34,067
3.50%, 04/01/29
1,243
1,210,832
4.40%, 03/01/31
100
98,850
4.80%, 12/01/77, (3-mo. SOFR US + 2.67%)(c)
45
44,394
4.85%, 02/04/28
80
80,692
5.05%, 03/15/30(a)
100
101,570
5.55%, 03/15/54
85
80,264
5.65%, 05/01/79(a)(c)
10
9,981
5.85%, 03/01/56
175
171,904
5.90%, 03/15/55
565
558,274
6.75%, 06/15/54, (5-year CMT + 2.46%)(c)
118
123,183
NSTAR Electric Co.
1.95%, 08/15/31
377
329,966
Security
Par
(000
)
Value
Electric (continued)
3.10%, 06/01/51
$453
$297,238
3.25%, 05/15/29
590
571,030
3.95%, 04/01/30
1,438
1,405,604
4.40%, 03/01/44
449
383,300
4.55%, 06/01/52
350
294,253
4.65%, 05/15/31
100
99,710
4.85%, 03/01/30
50
50,433
4.95%, 09/15/52
5
4,453
5.20%, 03/01/35
270
272,260
5.20%, 05/15/36
100
100,321
5.40%, 06/01/34
85
87,014
5.50%, 03/15/40
205
203,386
Ohio Edison Co., 6.88%, 07/15/36(a)
135
151,755
Ohio Power Co.
4.00%, 06/01/49
278
209,847
4.15%, 04/01/48
235
183,131
5.00%, 06/01/33
330
329,347
5.65%, 06/01/34
610
631,212
Series Q, 1.63%, 01/15/31
615
535,971
Series R, 2.90%, 10/01/51
844
512,434
Oncor Electric Delivery Co. LLC
2.70%, 11/15/51
570
336,230
3.10%, 09/15/49
518
339,314
3.75%, 04/01/45
383
295,514
3.80%, 09/30/47
237
179,447
3.80%, 06/01/49
387
287,482
4.10%, 11/15/48
231
181,950
4.55%, 12/01/41
70
62,268
4.60%, 06/01/52
105
86,830
4.65%, 11/01/29
35
35,178
4.95%, 09/15/52
240
212,485
5.25%, 09/30/40
35
33,986
5.30%, 06/01/42
15
14,411
5.35%, 10/01/52
75
69,785
5.55%, 06/15/54
377
363,467
5.75%, 03/15/29(a)
22
22,679
5.80%, 04/01/55
60
60,102
5.90%, 03/15/56(b)
30
30,340
7.00%, 05/01/32
5
5,550
7.25%, 01/15/33
87
98,521
7.50%, 09/01/38(a)
65
76,954
Pacific Gas and Electric Co.
3.50%, 08/01/50
975
650,361
3.95%, 12/01/47
200
146,765
4.20%, 06/01/41
125
102,632
4.25%, 03/15/46
72
55,794
4.30%, 03/15/45
188
147,572
4.40%, 03/01/32
145
140,437
4.45%, 04/15/42
120
99,253
4.50%, 07/01/40
434
374,542
4.55%, 07/01/30(a)
75
73,993
4.60%, 06/15/43
132
109,395
4.75%, 02/15/44
145
122,588
4.95%, 07/01/50
775
649,804
5.25%, 03/01/52
611
527,027
5.90%, 06/15/32
594
615,226
5.90%, 10/01/54
115
108,695
6.10%, 10/15/55
250
242,241
6.15%, 01/15/33
529
554,162
6.15%, 03/01/55
105
102,812
6.70%, 04/01/53
30
31,292
16

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
6.75%, 01/15/53
$578
$606,301
PECO Energy Co.
2.85%, 09/15/51
110
68,107
3.00%, 09/15/49
643
417,252
3.05%, 03/15/51
95
61,518
3.70%, 09/15/47
365
274,850
3.90%, 03/01/48
482
371,624
4.15%, 10/01/44
353
290,499
4.60%, 05/15/52
120
101,261
5.25%, 09/15/54
675
625,156
5.65%, 09/15/55
380
374,933
5.95%, 10/01/36
151
160,968
Potomac Electric Power Co.
4.15%, 03/15/43
715
595,001
5.50%, 03/15/54
220
211,542
6.50%, 11/15/37
208
228,464
PPL Electric Utilities Corp.
3.00%, 10/01/49
248
162,194
3.95%, 06/01/47
112
87,777
4.15%, 10/01/45(a)
105
86,030
4.15%, 06/15/48
314
251,790
4.85%, 02/15/34
260
258,828
5.00%, 05/15/33
531
535,388
5.25%, 05/15/53
640
596,749
5.75%, 05/15/56
455
456,327
6.25%, 05/15/39
172
185,527
Public Service Co. of New Hampshire
3.60%, 07/01/49
840
610,549
5.15%, 01/15/53
195
178,716
5.35%, 10/01/33
325
334,286
Series V, 2.20%, 06/15/31
582
516,991
Public Service Electric and Gas Co.
2.45%, 01/15/30
172
160,392
3.15%, 01/01/50
419
281,006
3.20%, 05/15/29
40
38,766
3.20%, 08/01/49
342
232,490
3.60%, 12/01/47
270
200,346
3.65%, 09/01/28
70
68,953
3.65%, 09/01/42
315
249,817
3.70%, 05/01/28(a)
138
136,728
3.80%, 01/01/43
155
124,416
3.80%, 03/01/46
397
309,262
3.85%, 05/01/49
343
262,704
3.95%, 05/01/42
131
108,494
4.05%, 05/01/48
176
140,189
5.30%, 08/01/54
105
98,822
5.45%, 08/01/53
56
53,873
5.45%, 03/01/54
115
110,742
5.50%, 03/01/40
155
155,916
5.80%, 05/01/37
173
182,770
Series Q, 5.50%, 03/01/55(a)
355
345,167
Public Service Enterprise Group, Inc.
1.60%, 08/15/30
2,162
1,907,797
2.45%, 11/15/31
1,587
1,410,647
4.90%, 03/15/30(a)
20
20,181
5.40%, 03/15/35
130
131,470
5.45%, 04/01/34(a)
951
970,251
6.13%, 10/15/33
400
423,664
San Diego Gas & Electric Co.
4.15%, 05/15/48
244
192,593
4.50%, 08/15/40
242
217,311
Security
Par
(000
)
Value
Electric (continued)
6.00%, 06/01/39(a)
$127
$133,199
Series RRR, 3.75%, 06/01/47
198
148,648
Series TTT, 4.10%, 06/15/49
216
167,563
Series UUU, 3.32%, 04/15/50
429
289,432
Series WWW, 2.95%, 08/15/51
238
150,928
Sempra
3.25%, 06/15/27
20
19,768
3.40%, 02/01/28
295
289,647
3.80%, 02/01/38
436
369,383
4.00%, 02/01/48(a)
439
333,013
5.25%, 03/15/36
125
123,633
6.00%, 10/15/39
233
239,293
6.38%, 04/01/56, (5-year CMT + 2.63%)(c)
100
100,877
6.40%, 10/01/54, (5-year CMT + 2.63%)(c)
75
75,548
6.55%, 04/01/55, (5-year CMT + 2.14%)(c)
125
125,884
6.63%, 04/01/55, (5-year CMT + 2.35%)(c)
45
45,375
6.88%, 10/01/54, (5-year CMT + 2.79%)(c)
117
119,483
Southern California Edison Co.
2.25%, 06/01/30
90
81,397
2.85%, 08/01/29
50
47,173
3.45%, 02/01/52
475
311,950
3.65%, 02/01/50
437
301,291
4.00%, 04/01/47
383
285,368
4.05%, 03/15/42
181
142,974
4.50%, 09/01/40
158
135,756
4.65%, 10/01/43
202
169,627
4.80%, 03/15/33
125
122,327
5.15%, 06/01/29
50
50,492
5.25%, 03/15/30
50
50,622
5.45%, 03/01/35(a)
50
49,920
5.50%, 03/15/40
126
121,260
5.63%, 02/01/36(a)
202
201,922
5.70%, 03/01/53
213
195,876
5.75%, 04/15/54
389
360,433
5.88%, 12/01/53
29
27,430
5.90%, 03/01/55
185
175,565
6.00%, 01/15/34
340
353,148
6.05%, 03/15/39
74
75,067
6.20%, 09/15/55
380
375,214
6.65%, 04/01/29(a)
281
292,324
Series 04-G, 5.75%, 04/01/35
122
123,403
Series 05-E, 5.35%, 07/15/35(a)
144
141,764
Series 06-E, 5.55%, 01/15/37
105
104,266
Series 08-A, 5.95%, 02/01/38
150
151,568
Series 13-A, 3.90%, 03/15/43
157
119,773
Series 20A, 2.95%, 02/01/51
95
57,082
Series A, 4.20%, 03/01/29
60
59,237
Series B, 3.65%, 03/01/28
20
19,659
Series B, 4.88%, 03/01/49
111
92,692
Series C, 3.60%, 02/01/45
228
163,129
Series C, 4.13%, 03/01/48
319
239,964
Series E, 5.45%, 06/01/52
54
48,005
Series H, 3.65%, 06/01/51
98
66,787
Southern Power Co.
5.15%, 09/15/41
325
310,124
5.25%, 07/15/43
20
18,798
Tampa Electric Co.
3.45%, 03/15/51(a)
55
38,447
5.00%, 07/15/52(a)
285
255,630
Toledo Edison Co. (The), 6.15%, 05/15/37
255
273,548
 
111,916,822
17

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electrical Components & Equipment — 0.2%
ABB Finance USA, Inc.
3.80%, 04/03/28(a)
$1,750
$1,734,069
4.38%, 05/08/42
325
286,615
Acuity Brands Lighting, Inc., 2.15%, 12/15/30
1,291
1,155,130
Emerson Electric Co.
2.80%, 12/21/51
175
109,007
5.25%, 11/15/39(a)
25
25,285
 
3,310,106
Electronics — 0.8%
Allegion PLC, 3.50%, 10/01/29(a)
830
797,684
Allegion U.S. Holding Co., Inc.
3.55%, 10/01/27
457
451,497
5.41%, 07/01/32
657
667,360
5.60%, 05/29/34
625
637,516
Amphenol Corp., 2.80%, 02/15/30
41
38,596
Avnet, Inc.
3.00%, 05/15/31
395
357,693
5.50%, 06/01/32
510
516,617
Flex Ltd.
4.88%, 06/15/29
474
475,014
4.88%, 05/12/30
823
820,639
Fortive Corp.
4.30%, 06/15/46
82
66,879
4.75%, 05/15/31
175
174,128
5.25%, 05/15/36(a)
175
174,604
Honeywell International, Inc.
1.75%, 09/01/31
450
390,770
1.95%, 06/01/30
410
371,585
2.70%, 08/15/29
797
755,563
3.81%, 11/21/47
228
174,941
4.50%, 01/15/34
550
538,484
4.75%, 02/01/32
300
300,580
4.95%, 09/01/31
70
70,836
5.00%, 02/15/33
367
373,438
5.00%, 03/01/35
745
748,746
5.25%, 03/01/54
410
390,838
Hubbell, Inc.
3.15%, 08/15/27
28
27,601
3.50%, 02/15/28
42
41,327
4.80%, 11/15/35
50
48,562
Keysight Technologies, Inc.
3.00%, 10/30/29
295
280,452
4.95%, 10/15/34
440
436,457
5.35%, 07/30/30
55
56,337
nVent Finance SARL, 4.55%, 04/15/28
57
56,771
Trimble, Inc.
4.90%, 06/15/28
426
427,084
6.10%, 03/15/33
5
5,247
Tyco Electronics Group SA
4.50%, 02/09/31
25
24,826
4.88%, 02/09/36
55
54,174
7.13%, 10/01/37
129
148,240
Vontier Corp.
2.40%, 04/01/28
213
204,387
2.95%, 04/01/31(a)
199
180,667
 
11,286,140
Engineering & Construction — 0.5%
Jacobs Engineering Group, Inc.
5.90%, 03/01/33
1,995
2,064,364
6.35%, 08/18/28
2,780
2,872,707
Security
Par
(000
)
Value
Engineering & Construction (continued)
Jacobs Solutions, Inc.
4.75%, 03/03/31
$1,195
$1,181,141
5.38%, 03/03/36
1,000
977,843
 
7,096,055
Environmental Control — 0.3%
Republic Services, Inc.
2.38%, 03/15/33(a)
65
56,323
3.05%, 03/01/50
363
242,101
5.70%, 05/15/41(a)
30
30,993
6.20%, 03/01/40(a)
20
21,766
Veralto Corp.
4.85%, 01/15/32
385
385,636
5.35%, 09/18/28
913
928,366
5.45%, 09/18/33
1,255
1,285,986
Waste Connections, Inc.
2.60%, 02/01/30(a)
15
14,095
2.95%, 01/15/52(a)
387
246,460
3.05%, 04/01/50
62
40,932
3.50%, 05/01/29
10
9,776
4.25%, 12/01/28
5
4,984
Waste Management, Inc.
2.50%, 11/15/50
396
236,071
4.10%, 03/01/45
37
30,847
4.15%, 07/15/49
211
171,022
5.35%, 10/15/54(a)
65
62,373
 
3,767,731
Food — 1.8%
Ahold Finance USA LLC, 6.88%, 05/01/29
278
294,594
Campbell's Company/The
2.38%, 04/24/30
130
117,412
3.13%, 04/24/50
238
145,030
4.15%, 03/15/28
865
856,371
4.75%, 03/23/35(a)
130
119,915
4.80%, 03/15/48
214
173,048
5.25%, 10/13/54(a)
80
66,791
5.40%, 03/21/34(a)
353
342,892
Conagra Brands, Inc.
4.85%, 11/01/28
165
165,305
5.30%, 11/01/38
475
446,121
5.40%, 11/01/48(a)
383
332,015
5.75%, 08/01/35(a)
195
196,199
7.00%, 10/01/28
50
52,390
8.25%, 09/15/30
450
505,219
Flowers Foods, Inc., 6.20%, 03/15/55
5
4,073
General Mills, Inc.
2.25%, 10/14/31(a)
918
808,329
2.88%, 04/15/30(a)
1,280
1,198,299
3.00%, 02/01/51(a)
261
162,984
4.20%, 04/17/28
823
820,105
4.95%, 03/29/33(a)
146
145,341
5.25%, 01/30/35(a)
665
664,288
5.40%, 06/15/40
108
105,729
5.50%, 10/17/28
425
434,463
Hershey Co.(The)
2.45%, 11/15/29
48
45,057
3.13%, 11/15/49
17
11,435
3.38%, 08/15/46
35
25,574
Hormel Foods Corp., 3.05%, 06/03/51(a)
342
220,833
18

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Food (continued)
Ingredion, Inc.
2.90%, 06/01/30
$1,109
$1,036,410
3.90%, 06/01/50(a)
283
210,374
J M Smucker Co.(The)
2.38%, 03/15/30(a)
40
36,926
3.38%, 12/15/27
40
39,385
4.25%, 03/15/35
262
244,278
4.38%, 03/15/45(a)
162
134,805
6.20%, 11/15/33(a)
40
42,652
6.50%, 11/15/43
40
42,574
6.50%, 11/15/53(a)
405
437,892
JBS NV/JBS USA Foods Group Holdings, Inc./JBS
USA Food Co. Holdings, 6.50%, 12/01/52
170
171,800
Kellanova
2.10%, 06/01/30
1,595
1,452,508
3.40%, 11/15/27(a)
1,212
1,199,052
4.30%, 05/15/28(a)
1,379
1,379,012
5.25%, 03/01/33
895
914,298
5.75%, 05/16/54
20
19,675
Series B, 7.45%, 04/01/31(a)
390
437,155
Koninklijke Ahold Delhaize NV, 5.70%, 10/01/40
243
245,473
Kraft Heinz Foods Co.
4.38%, 06/01/46(a)
86
68,849
4.88%, 10/01/49(a)
581
484,702
5.00%, 07/15/35
185
180,340
5.00%, 06/04/42
161
143,962
5.20%, 03/15/32
70
71,096
5.20%, 07/15/45
478
424,139
5.40%, 03/15/35(a)
200
201,595
5.50%, 06/01/50
395
359,257
6.50%, 02/09/40
252
266,590
6.88%, 01/26/39
255
279,663
Kroger Co.(The)
2.20%, 05/01/30
5
4,567
3.88%, 10/15/46
152
115,931
3.95%, 01/15/50
223
167,280
4.45%, 02/01/47
356
293,782
4.50%, 01/15/29
80
80,067
4.65%, 01/15/48
180
151,925
5.00%, 09/15/34
450
445,495
5.00%, 04/15/42
134
124,178
5.15%, 08/01/43
131
121,736
5.40%, 07/15/40
120
117,368
5.40%, 01/15/49
165
154,265
5.50%, 09/15/54
335
314,666
5.65%, 09/15/64
280
262,925
6.90%, 04/15/38
141
159,073
7.50%, 04/01/31
316
352,990
McCormick & Co., Inc./MD
1.85%, 02/15/31
305
267,959
2.50%, 04/15/30(a)
412
380,418
3.40%, 08/15/27
352
347,844
4.20%, 08/15/47
312
246,256
4.70%, 10/15/34(a)
175
168,659
Mondelez International, Inc.
2.63%, 09/04/50(a)
168
101,002
2.75%, 04/13/30
48
44,864
4.13%, 05/07/28
165
163,958
Sysco Corp.
2.40%, 02/15/30
132
121,568
3.30%, 02/15/50
225
150,378
Security
Par
(000
)
Value
Food (continued)
4.45%, 03/15/48
$109
$88,662
4.50%, 04/01/46
92
76,224
4.85%, 10/01/45
168
146,769
5.38%, 09/21/35
55
54,995
5.95%, 04/01/30
237
246,272
6.60%, 04/01/40
107
115,888
6.60%, 04/01/50(a)
425
452,777
Tyson Foods, Inc.
4.35%, 03/01/29
75
74,643
4.55%, 06/02/47
188
160,750
4.88%, 08/15/34
45
44,181
5.10%, 09/28/48(a)
282
259,324
5.15%, 08/15/44
70
65,227
 
25,629,140
Forest Products & Paper — 0.3%
International Paper Co.
4.35%, 08/15/48(a)
148
117,543
4.40%, 08/15/47
269
216,727
4.80%, 06/15/44(a)
193
166,859
5.00%, 09/15/35(a)
1,300
1,280,327
5.15%, 05/15/46(a)
85
76,968
6.00%, 11/15/41(a)
233
236,803
7.30%, 11/15/39
205
233,331
Suzano Austria GmbH
3.13%, 01/15/32(a)
282
250,273
3.75%, 01/15/31
369
345,125
5.00%, 01/15/30
642
633,357
6.00%, 01/15/29
468
478,255
 
4,035,568
Gas — 1.1%
Atmos Energy Corp.
2.63%, 09/15/29
50
47,271
2.85%, 02/15/52
315
195,445
3.00%, 06/15/27
15
14,829
3.38%, 09/15/49
307
213,911
4.13%, 10/15/44
233
194,577
4.13%, 03/15/49
182
145,035
4.15%, 01/15/43
59
49,950
4.30%, 10/01/48
270
220,897
5.00%, 12/15/54
120
107,533
5.20%, 08/15/35(a)
60
60,976
5.45%, 01/15/56
225
216,417
5.50%, 06/15/41
43
42,958
National Fuel Gas Co.
2.95%, 03/01/31
139
126,654
3.95%, 09/15/27
425
421,276
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.
1.70%, 02/15/31
120
104,756
4.75%, 05/18/31
175
174,970
5.00%, 06/15/52(a)
400
348,841
5.30%, 05/18/36
80
80,139
5.35%, 04/01/34
1,125
1,148,333
5.35%, 07/15/35
460
465,114
5.40%, 06/30/33
276
282,568
5.75%, 07/15/56, (5-year CMT + 2.04%)(c)
340
339,942
5.85%, 04/01/55
925
915,010
5.95%, 06/15/41
110
112,634
19

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Gas (continued)
6.38%, 03/31/55, (5-year CMT + 2.53%)(c)
$460
$470,009
6.95%, 11/30/54, (5-year CMT + 2.45%)(c)
125
129,685
Northwest Natural Holding Co., 7.00%, 09/15/55,
(5-year CMT + 2.70%)(a)(c)
25
25,505
ONE Gas, Inc.
2.00%, 05/15/30
1,910
1,731,312
4.25%, 09/01/32(a)
730
712,427
4.50%, 11/01/48
223
188,853
4.66%, 02/01/44
138
121,648
5.10%, 04/01/29
715
726,651
Piedmont Natural Gas Co., Inc.
2.50%, 03/15/31
590
534,404
3.35%, 06/01/50
195
132,811
5.05%, 05/15/52
263
234,696
5.10%, 02/15/35
30
29,949
5.40%, 06/15/33
50
51,185
Southern California Gas Co.
5.13%, 11/15/40(a)
95
91,471
6.00%, 06/15/55
205
208,673
Series UU, 4.13%, 06/01/48
264
206,232
Series VV, 4.30%, 01/15/49
306
245,637
Series WW, 3.95%, 02/15/50
300
226,265
Series XX, 2.55%, 02/01/30
87
81,401
Southwest Gas Corp.
3.18%, 08/15/51
115
75,699
3.70%, 04/01/28
40
39,414
3.80%, 09/29/46(a)
174
132,124
4.15%, 06/01/49
196
151,669
Spire Missouri, Inc.
3.30%, 06/01/51
480
323,424
Series 2034, 5.15%, 08/15/34
275
277,317
Spire, Inc.
4.60%, 09/01/31
70
69,147
6.25%, 06/01/56, (5-year CMT + 2.56%)(c)
610
609,230
6.45%, 06/01/56, (5-year CMT + 2.33%)(c)
315
314,260
Washington Gas Light Co.
3.65%, 09/15/49
357
254,685
Series K, 3.80%, 09/15/46
95
72,425
 
15,098,080
Hand & Machine Tools — 0.0%
Snap-on, Inc.
3.10%, 05/01/50
15
10,054
4.10%, 03/01/48(a)
15
12,127
Stanley Black & Decker, Inc., 2.30%, 03/15/30
35
32,063
 
54,244
Health Care - Products — 1.2%
Abbott Laboratories
4.75%, 11/30/36
435
424,659
4.90%, 11/30/46
116
106,203
5.30%, 05/27/40(a)
93
93,612
5.50%, 03/15/56
270
263,433
5.60%, 03/15/66
445
433,196
6.00%, 04/01/39
213
228,831
6.15%, 11/30/37
195
212,553
Agilent Technologies, Inc.
2.30%, 03/12/31
110
98,586
2.75%, 09/15/29
802
759,883
4.75%, 09/09/34
80
78,745
Augusta SpinCo Corp., 5.25%, 03/23/36
80
79,873
Security
Par
(000
)
Value
Health Care - Products (continued)
Baxter International, Inc.
2.54%, 02/01/32
$430
$367,620
3.13%, 12/01/51(a)
512
302,784
3.50%, 08/15/46
240
161,559
Boston Scientific Corp.
4.55%, 03/01/39
45
42,128
4.70%, 03/01/49(a)
338
299,857
6.25%, 11/15/35
125
136,967
7.38%, 01/15/40(a)
143
168,668
Danaher Corp.
2.60%, 10/01/50
325
195,674
2.80%, 12/10/51
553
342,977
4.38%, 09/15/45
197
168,900
Dentsply Sirona, Inc., 3.25%, 06/01/30(a)
659
609,827
DH Europe Finance II SARL
2.60%, 11/15/29
141
132,392
3.25%, 11/15/39
313
251,562
3.40%, 11/15/49
408
289,718
Edwards Lifesciences Corp., 4.30%, 06/15/28
3,140
3,131,147
GE HealthCare Technologies, Inc., 6.38%,
11/22/52(a)
288
307,160
Medtronic, Inc., 4.63%, 03/15/45(a)
392
349,712
Revvity, Inc.
2.25%, 09/15/31
870
763,290
2.55%, 03/15/31
665
597,742
3.30%, 09/15/29
115
110,147
3.63%, 03/15/51
206
145,197
Smith & Nephew PLC
2.03%, 10/14/30
538
479,008
5.40%, 03/20/34
121
122,610
Solventum Corp.
5.60%, 03/23/34
175
179,318
5.90%, 04/30/54(a)
151
149,419
STERIS Irish FinCo UnLtd Co.
2.70%, 03/15/31
2,206
2,009,657
3.75%, 03/15/51
482
346,420
Stryker Corp.
2.90%, 06/15/50(a)
148
94,857
4.10%, 04/01/43
99
82,044
4.38%, 05/15/44
167
141,508
4.63%, 03/15/46(a)
266
232,711
Thermo Fisher Scientific, Inc.
2.60%, 10/01/29
25
23,590
4.10%, 08/15/47
302
248,613
4.98%, 08/10/30
40
40,688
5.09%, 08/10/33
10
10,147
5.30%, 02/01/44
134
129,811
5.40%, 08/10/43
30
29,670
Zimmer Biomet Holdings, Inc.
2.60%, 11/24/31
650
582,711
4.45%, 08/15/45
166
143,198
5.20%, 09/15/34
50
50,042
5.50%, 02/19/35
50
51,034
5.75%, 11/30/39
150
151,930
 
16,953,588
Health Care - Services — 3.0%
Aetna, Inc.
3.88%, 08/15/47
30
21,953
4.13%, 11/15/42
91
70,991
4.50%, 05/15/42
124
105,415
6.63%, 06/15/36
226
246,117
20

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Health Care - Services (continued)
6.75%, 12/15/37
$182
$198,623
Cigna Group(The)
2.40%, 03/15/30
546
504,575
3.20%, 03/15/40
45
35,074
3.40%, 03/15/50
392
271,224
3.40%, 03/15/51
349
239,201
3.88%, 10/15/47
328
250,021
4.38%, 10/15/28
1,205
1,203,390
4.80%, 08/15/38
562
532,084
4.80%, 07/15/46
344
301,785
4.90%, 12/15/48
853
749,196
5.00%, 05/15/29
40
40,595
5.13%, 05/15/31
40
40,744
5.25%, 02/15/34
620
628,298
5.40%, 03/15/33(a)
325
333,595
5.60%, 02/15/54
320
307,760
6.13%, 11/15/41
177
184,566
Elevance Health, Inc.
2.25%, 05/15/30
525
480,012
2.55%, 03/15/31
157
142,355
2.88%, 09/15/29
948
898,244
3.13%, 05/15/50
160
104,417
3.60%, 03/15/51
270
190,435
3.65%, 12/01/27(a)
1,017
1,006,836
3.70%, 09/15/49
250
180,883
4.00%, 09/15/28
175
173,341
4.10%, 03/01/28
721
717,190
4.10%, 05/15/32(a)
385
370,278
4.38%, 12/01/47
361
296,106
4.55%, 03/01/48
199
167,157
4.55%, 05/15/52
91
74,767
4.60%, 09/15/32
135
132,638
4.63%, 05/15/42
293
259,998
4.65%, 01/15/43
286
252,612
4.65%, 08/15/44
253
220,026
4.75%, 02/15/30(a)
200
200,894
4.75%, 02/15/33
317
313,016
5.00%, 01/15/36(a)
175
171,650
5.10%, 01/15/44
219
202,183
5.13%, 02/15/53(a)
130
115,993
5.15%, 06/15/29
320
324,906
5.20%, 02/15/35
245
245,685
5.38%, 06/15/34
325
330,503
5.50%, 10/15/32
380
391,122
5.65%, 06/15/54
78
74,791
5.70%, 02/15/55
165
159,256
5.70%, 09/15/55
220
213,683
5.85%, 01/15/36
209
217,379
5.95%, 12/15/34
164
172,477
6.10%, 10/15/52
85
86,677
6.38%, 06/15/37
157
169,838
HCA, Inc.
2.38%, 07/15/31
50
44,323
3.50%, 09/01/30
317
301,170
3.50%, 07/15/51
492
328,804
3.63%, 03/15/32
149
138,671
4.13%, 06/15/29
769
757,798
4.63%, 03/15/52
421
338,299
5.13%, 06/15/39
316
299,431
5.25%, 06/15/49
616
549,115
5.45%, 04/01/31
15
15,338
Security
Par
(000
)
Value
Health Care - Services (continued)
5.45%, 09/15/34
$40
$40,423
5.50%, 06/01/33
744
759,533
5.50%, 06/15/47
409
379,392
5.60%, 04/01/34
200
204,610
5.75%, 03/01/35
105
108,075
5.88%, 02/01/29(a)
275
282,269
5.90%, 06/01/53
270
259,911
5.95%, 09/15/54
161
156,402
6.00%, 04/01/54
275
268,741
6.10%, 04/01/64
278
274,103
6.20%, 03/01/55
180
180,511
Humana, Inc.
3.13%, 08/15/29
340
325,461
3.70%, 03/23/29
160
156,196
3.95%, 08/15/49
178
128,134
4.63%, 12/01/42
249
209,432
4.80%, 03/15/47
232
191,771
4.88%, 04/01/30
149
149,314
4.95%, 10/01/44
356
308,187
5.38%, 04/15/31
380
385,894
5.50%, 03/15/53
45
40,209
5.55%, 05/01/35
270
270,124
5.75%, 04/15/54
158
146,135
5.88%, 03/01/33
295
303,739
5.95%, 03/15/34
455
470,047
6.00%, 05/01/55(a)
70
67,109
ICON Investments Six DAC, 6.00%, 05/08/34
772
787,923
IQVIA, Inc.
5.70%, 05/15/28
687
699,648
6.25%, 02/01/29
375
388,139
Laboratory Corp. of America Holdings
2.70%, 06/01/31(a)
550
500,625
2.95%, 12/01/29
130
123,123
3.60%, 09/01/27
55
54,540
4.35%, 04/01/30
35
34,590
4.55%, 04/01/32(a)
105
103,460
4.70%, 02/01/45
441
391,155
4.80%, 10/01/34
160
156,368
Quest Diagnostics, Inc.
2.80%, 06/30/31
998
913,507
2.95%, 06/30/30(a)
918
860,439
4.20%, 06/30/29
610
604,137
4.63%, 12/15/29
40
40,114
4.70%, 03/30/45
226
200,666
5.00%, 12/15/34(a)
150
149,222
5.00%, 06/30/36
175
171,839
UnitedHealth Group, Inc.
2.00%, 05/15/30
180
163,606
2.30%, 05/15/31
145
130,248
2.75%, 05/15/40
40
29,559
2.88%, 08/15/29
301
287,556
3.13%, 05/15/60
410
248,406
3.25%, 05/15/51
421
282,525
3.50%, 08/15/39
85
69,801
3.70%, 08/15/49
352
257,966
3.85%, 06/15/28
236
234,165
3.88%, 12/15/28(a)
175
172,924
3.88%, 08/15/59
374
266,637
3.95%, 10/15/42
205
168,035
4.00%, 05/15/29
295
291,649
4.20%, 05/15/32
560
545,198
21

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Health Care - Services (continued)
4.20%, 01/15/47
$86
$69,518
4.25%, 01/15/29
510
508,290
4.25%, 03/15/43
175
148,160
4.25%, 04/15/47
40
32,516
4.25%, 06/15/48
340
274,593
4.38%, 03/15/42
45
39,127
4.45%, 12/15/48
269
223,145
4.50%, 04/15/33
560
547,450
4.63%, 07/15/35
318
308,967
4.63%, 11/15/41
295
265,306
4.75%, 07/15/45
600
532,338
4.75%, 05/15/52
270
231,824
4.90%, 04/15/31(a)
35
35,430
4.95%, 05/15/62
344
293,504
5.00%, 04/15/34
639
640,065
5.05%, 04/15/53
45
40,181
5.15%, 07/15/34
705
713,308
5.20%, 04/15/63
105
93,397
5.30%, 02/15/30(a)
30
30,727
5.35%, 02/15/33
895
920,786
5.38%, 04/15/54
255
238,960
5.50%, 04/15/64
80
74,870
5.63%, 07/15/54
670
649,739
5.70%, 10/15/40
128
130,439
5.75%, 07/15/64
490
475,715
5.80%, 03/15/36(a)
189
198,927
5.88%, 02/15/53
332
333,347
5.95%, 02/15/41
140
145,237
6.05%, 02/15/63
315
319,357
6.50%, 06/15/37
161
177,557
6.63%, 11/15/37
199
221,378
6.88%, 02/15/38
293
333,234
 
42,736,388
Holding Companies - Diversified — 0.2%
HA Sustainable Infrastructure Capital, Inc.
6.15%, 01/15/31(a)
940
967,404
6.38%, 07/01/34(a)
629
644,585
6.75%, 07/15/35
250
260,780
North Haven Private Income Fund LLC
5.13%, 09/25/28(a)(b)
105
102,621
5.75%, 02/01/30
1,435
1,408,551
 
3,383,941
Home Builders — 0.1%
PulteGroup, Inc.
6.00%, 02/15/35
132
137,917
6.38%, 05/15/33
122
130,801
7.88%, 06/15/32(a)
104
119,842
Sekisui House U.S., Inc.
2.50%, 01/15/31
148
130,392
3.85%, 01/15/30
49
46,726
3.97%, 08/06/61
72
47,434
6.00%, 01/15/43
102
93,322
Toll Brothers Finance Corp., 4.35%, 02/15/28
357
355,582
 
1,062,016
Home Furnishings — 0.0%
Leggett & Platt, Inc.
3.50%, 11/15/27
22
21,545
3.50%, 11/15/51
202
125,286
4.40%, 03/15/29
180
175,537
 
322,368
Security
Par
(000
)
Value
Household Products & Wares — 1.0%
Avery Dennison Corp.
2.25%, 02/15/32
$362
$315,566
2.65%, 04/30/30
186
171,796
4.88%, 12/06/28
147
148,125
5.75%, 03/15/33
292
302,913
Church & Dwight Co., Inc.
2.30%, 12/15/31
1,600
1,413,625
3.15%, 08/01/27
55
54,314
3.95%, 08/01/47
30
23,552
5.00%, 06/15/52
342
312,157
5.60%, 11/15/32
220
230,393
Clorox Co.(The)
1.80%, 05/15/30(a)
1,942
1,742,749
3.10%, 10/01/27
1,191
1,171,460
3.90%, 05/15/28(a)
1,102
1,091,731
4.40%, 05/01/29
553
550,226
4.60%, 05/01/32
955
940,959
4.70%, 05/15/31
125
124,308
4.95%, 05/15/33
125
124,455
5.25%, 05/15/36(a)
125
125,022
Kimberly-Clark Corp.
1.05%, 09/15/27
400
385,207
2.00%, 11/02/31(a)
330
291,249
2.88%, 02/07/50
166
107,877
3.10%, 03/26/30
451
429,566
3.20%, 04/25/29
1,629
1,578,503
3.90%, 05/04/47
175
136,691
3.95%, 11/01/28
471
467,532
4.50%, 02/16/33
765
761,642
5.30%, 03/01/41
173
174,453
6.63%, 08/01/37
889
1,013,842
 
14,189,913
Insurance — 3.5%
ACE Capital Trust II, Series N, 9.70%, 04/01/30
80
93,227
AEGON Funding Co. LLC, 5.63%, 05/07/36
200
199,516
Aegon Ltd., 5.50%, 04/11/48, (6-mo. SOFR US +
3.97%)(c)
1,648
1,650,976
Aflac, Inc.
3.60%, 04/01/30
62
59,956
4.75%, 01/15/49
42
36,485
Alleghany Corp., 4.90%, 09/15/44
9
8,076
Allstate Corp.(The)
5.35%, 06/01/33
286
293,135
5.55%, 05/09/35
91
93,974
6.50%, 05/15/67, (3-mo. SOFR US +
2.38%)(a)(c)
230
234,683
American Financial Group, Inc., 4.50%, 06/15/47
74
60,690
American Financial Group, Inc./OH, 5.25%,
04/02/30
5
5,058
American International Group, Inc.
3.88%, 01/15/35
180
165,277
4.38%, 06/30/50(a)
285
234,360
4.50%, 07/16/44
185
160,509
4.75%, 04/01/48
85
74,766
4.80%, 07/10/45
40
35,564
5.13%, 03/27/33
70
70,728
Series A-9, 5.75%, 04/01/48, (3-mo. SOFR US +
3.13%)(c)
10
10,023
Aon Corp.
2.80%, 05/15/30
150
139,849
3.75%, 05/02/29
115
112,602
22

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Insurance (continued)
4.50%, 12/15/28(a)
$74
$73,975
6.25%, 09/30/40
70
75,144
Aon Corp./Aon Global Holdings PLC
2.60%, 12/02/31
120
107,062
5.00%, 09/12/32
290
291,525
5.35%, 02/28/33
175
178,720
Aon Global Ltd., 4.75%, 05/15/45
22
19,339
Aon North America, Inc., 5.75%, 03/01/54
330
323,017
Arch Capital Finance LLC, 5.03%, 12/15/46
185
169,296
Arch Capital Group Ltd.
3.64%, 06/30/50
150
109,807
7.35%, 05/01/34
49
55,668
Arch Capital Group U.S., Inc., 5.14%, 11/01/43
32
30,067
Arthur J Gallagher & Co.
2.40%, 11/09/31(a)
75
66,370
3.05%, 03/09/52
146
90,964
3.50%, 05/20/51
125
86,103
5.50%, 03/02/33(a)
185
190,188
5.55%, 02/15/55
225
212,357
5.75%, 03/02/53
25
24,181
5.75%, 07/15/54
190
183,999
6.75%, 02/15/54
115
125,805
Assurant, Inc.
2.65%, 01/15/32
425
373,950
3.70%, 02/22/30
1,949
1,869,824
4.90%, 03/27/28
1,426
1,430,041
5.55%, 02/15/36
375
373,326
Assured Guaranty U.S. Holdings, Inc., 3.15%,
06/15/31
55
51,096
Athene Holding Ltd.
3.45%, 05/15/52(a)
99
61,927
3.95%, 05/25/51
36
24,790
6.15%, 04/03/30
152
157,598
6.63%, 10/15/54, (5-year CMT + 2.61%)(c)
130
124,949
6.65%, 02/01/33
55
58,334
6.88%, 06/28/55, (5-year CMT + 2.58%)(c)
45
43,477
AXA SA, 8.60%, 12/15/30
2,354
2,702,825
Axis Specialty Finance LLC
3.90%, 07/15/29
57
55,648
4.90%, 01/15/40, (5-year CMT + 3.19%)(c)
125
121,864
Axis Specialty Finance PLC, 4.00%, 12/06/27
55
54,518
Berkshire Hathaway Finance Corp.
1.45%, 10/15/30
45
40,009
2.88%, 03/15/32(a)
265
245,666
3.85%, 03/15/52
195
148,316
4.25%, 01/15/49
181
149,347
5.75%, 01/15/40
167
179,150
Brighthouse Financial, Inc., 4.70%, 06/22/47(a)
163
117,619
Brown & Brown, Inc.
4.20%, 03/17/32
230
218,664
4.50%, 03/15/29
60
59,672
4.95%, 03/17/52
44
36,966
6.25%, 06/23/55(a)
90
90,325
Chubb INA Holdings LLC
1.38%, 09/15/30
45
39,456
2.85%, 12/15/51
131
82,586
3.05%, 12/15/61
163
99,597
4.15%, 03/13/43
45
38,199
4.35%, 11/03/45
230
197,695
6.00%, 05/11/37
155
165,209
6.70%, 05/15/36
54
60,460
Security
Par
(000
)
Value
Insurance (continued)
Series 1, 6.50%, 05/15/38
$156
$174,090
Cincinnati Financial Corp., 6.13%, 11/01/34
55
58,005
CNO Financial Group, Inc.
5.25%, 05/30/29
573
576,805
6.45%, 06/15/34
284
296,255
Enstar Group Ltd.
3.10%, 09/01/31
45
40,130
4.95%, 06/01/29
22
21,967
Equitable Holdings, Inc.
4.35%, 04/20/28
398
396,360
5.00%, 04/20/48
216
189,088
6.70%, 03/28/55, (5-year CMT + 2.39%)(a)(c)
165
169,664
Everest Reinsurance Holdings, Inc.
3.13%, 10/15/52
202
125,875
3.50%, 10/15/50
45
30,544
4.87%, 06/01/44
30
25,923
Fairfax Financial Holdings Ltd.
3.38%, 03/03/31
25
23,377
5.63%, 08/16/32
135
138,920
6.50%, 05/20/55
245
257,704
Fidelity National Financial, Inc., 2.45%, 03/15/31
57
50,440
First American Financial Corp.
2.40%, 08/15/31
35
30,522
4.00%, 05/15/30
395
379,954
Hartford Insurance Group, Inc.
2.80%, 08/19/29
2,675
2,534,314
2.90%, 09/15/51
310
194,402
3.60%, 08/19/49
146
105,687
4.30%, 04/15/43
172
145,121
4.40%, 03/15/48
248
206,984
5.95%, 10/15/36
1,046
1,106,405
6.10%, 10/01/41(a)
158
165,948
Jackson Financial, Inc.
3.13%, 11/23/31
136
121,930
4.00%, 11/23/51
95
65,271
Kemper Corp., 3.80%, 02/23/32(a)
30
27,092
Lincoln National Corp.
3.05%, 01/15/30(a)
40
37,543
3.40%, 01/15/31(a)
60
56,246
3.80%, 03/01/28
70
69,142
4.35%, 03/01/48(a)
49
37,580
6.30%, 10/09/37
75
79,281
7.00%, 06/15/40
73
79,867
Loews Corp., 6.00%, 02/01/35
35
36,938
Manulife Financial Corp.
3.70%, 03/16/32
430
408,324
4.06%, 02/24/32, (5-year USD ICE Swap +
1.65%)(c)
2,001
1,987,950
4.99%, 12/11/35
515
507,432
5.38%, 03/04/46
263
254,596
Markel Group, Inc.
3.35%, 09/17/29
72
69,298
3.45%, 05/07/52
145
97,219
4.15%, 09/17/50
59
44,894
5.00%, 05/20/49
47
41,051
6.00%, 05/16/54(a)
111
110,852
Marsh & McLennan Companies, Inc.
2.25%, 11/15/30
237
214,801
4.20%, 03/01/48
424
340,470
4.35%, 01/30/47
246
203,164
4.38%, 03/15/29
738
736,876
23

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Insurance (continued)
4.75%, 03/15/39
$110
$103,636
4.90%, 03/15/49
331
294,080
4.95%, 03/15/36
75
73,875
5.00%, 03/15/35
155
153,775
5.40%, 03/15/55
560
531,921
5.45%, 03/15/54
15
14,312
5.70%, 09/15/53
25
24,721
5.88%, 08/01/33
464
494,986
MetLife, Inc.
4.05%, 03/01/45
284
232,862
4.13%, 08/13/42(a)
166
139,415
4.55%, 03/23/30(a)
139
139,791
4.60%, 05/13/46
234
204,963
4.72%, 12/15/44
215
189,880
4.88%, 11/13/43
274
251,694
5.25%, 01/15/54(a)
105
98,773
5.30%, 12/15/34(a)
377
385,958
5.38%, 07/15/33(a)
15
15,531
5.88%, 02/06/41
230
238,139
6.38%, 06/15/34
99
107,757
6.40%, 12/15/66
599
613,715
6.50%, 12/15/32(a)
175
191,860
10.75%, 08/01/69
369
476,202
Series G, 6.35%, 03/15/55, (5-year CMT +
2.08%)(c)
60
61,576
Pinnacle Financial Partners, Inc., 5.30%, 01/15/37
240
240,108
Principal Financial Group, Inc.
3.70%, 05/15/29
147
143,667
4.30%, 11/15/46
77
63,199
4.35%, 05/15/43
183
154,657
4.63%, 09/15/42
142
124,860
6.05%, 10/15/36
158
168,701
Progressive Corp.(The)
3.00%, 03/15/32
140
128,104
3.20%, 03/26/30(a)
1,015
970,009
3.70%, 01/26/45
90
69,279
3.95%, 03/26/50
176
135,690
4.00%, 03/01/29
90
89,425
4.13%, 04/15/47
237
190,659
4.20%, 03/15/48
182
148,093
4.35%, 04/25/44
182
153,676
4.60%, 03/26/31
40
40,024
4.95%, 06/15/33
140
141,276
5.15%, 03/26/36
60
59,977
6.25%, 12/01/32
155
168,155
6.63%, 03/01/29
1,085
1,150,125
Prudential Financial, Inc.
2.10%, 03/10/30(a)
407
374,763
3.00%, 03/10/40
75
57,254
3.70%, 10/01/50, (5-year CMT + 3.04%)(c)
225
206,719
3.70%, 03/13/51(a)
475
345,984
3.88%, 03/27/28
280
278,010
3.91%, 12/07/47
191
145,865
3.94%, 12/07/49
409
311,071
4.35%, 02/25/50
266
215,973
4.42%, 03/27/48
97
79,619
4.50%, 09/15/47, (3-mo. SOFR US +
2.64%)(a)(c)
413
405,204
4.60%, 05/15/44
192
166,972
5.13%, 03/01/52, (5-year CMT + 3.16%)(c)
295
288,758
5.20%, 03/14/35(a)
265
266,475
Security
Par
(000
)
Value
Insurance (continued)
5.70%, 12/14/36
$230
$238,769
5.70%, 09/15/48, (3-mo. SOFR US +
2.93%)(a)(c)
118
117,998
5.75%, 07/15/33
261
276,702
6.00%, 09/01/52, (5-year CMT + 3.23%)(c)
355
361,828
6.50%, 03/15/54, (5-year CMT + 2.40%)(a)(c)
300
308,831
6.63%, 12/01/37
318
353,030
6.63%, 06/21/40
211
232,937
6.75%, 03/01/53, (5-year CMT + 2.85%)(c)
102
107,572
Prudential Funding Asia PLC
3.13%, 04/14/30
209
198,627
3.63%, 03/24/32
522
491,224
Reinsurance Group of America, Inc.
3.90%, 05/15/29
111
109,008
6.00%, 09/15/33
50
52,204
6.65%, 09/15/55, (5-year CMT + 2.39%)(c)
70
70,455
RenaissanceRe Holdings Ltd., 5.75%, 06/05/33
5
5,132
Selective Insurance Group, Inc.
5.38%, 03/01/49(a)
160
146,301
5.90%, 04/15/35
70
72,638
Stewart Information Services Corp., 3.60%,
11/15/31
1,108
990,222
Transatlantic Holdings, Inc., 8.00%, 11/30/39
10
12,135
Travelers Companies, Inc.(The)
2.55%, 04/27/50
59
35,245
3.75%, 05/15/46
156
120,688
4.00%, 05/30/47
263
209,059
4.05%, 03/07/48
322
257,377
4.10%, 03/04/49
220
175,800
4.30%, 08/25/45
174
145,627
4.60%, 08/01/43
225
200,325
5.35%, 11/01/40
333
330,835
6.25%, 06/15/37
291
317,581
6.75%, 06/20/36
134
151,307
Travelers Property Casualty Corp., 6.38%,
03/15/33
262
289,462
Unum Group
4.00%, 06/15/29
60
58,952
4.13%, 06/15/51(a)
65
48,750
4.50%, 12/15/49
95
76,581
5.75%, 08/15/42
75
74,288
Willis North America, Inc.
2.95%, 09/15/29
346
328,315
3.88%, 09/15/49
302
225,054
4.50%, 09/15/28
148
147,766
5.05%, 09/15/48
161
142,241
5.15%, 03/15/36
120
117,537
5.90%, 03/05/54
280
277,732
XL Group Ltd., 5.25%, 12/15/43
765
711,826
 
49,808,179
Internet — 1.5%
Alibaba Group Holding Ltd.
2.13%, 02/09/31
251
227,491
2.70%, 02/09/41
90
67,299
3.15%, 02/09/51
503
344,142
3.25%, 02/09/61
233
150,934
4.00%, 12/06/37
315
287,903
4.20%, 12/06/47
319
265,761
4.40%, 12/06/57
280
231,950
4.50%, 11/28/34
206
202,571
24

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Internet (continued)
Alphabet, Inc.
2.05%, 08/15/50
$253
$135,798
2.25%, 08/15/60
2,383
1,203,484
5.25%, 05/15/55
10
9,427
5.30%, 05/15/65
50
46,276
5.45%, 11/15/55
45
43,419
5.65%, 02/15/56
925
918,100
5.70%, 11/15/75
605
589,850
5.75%, 02/15/66
335
332,334
Amazon.com, Inc.
2.50%, 06/03/50
653
383,847
2.70%, 06/03/60
1,550
857,648
3.10%, 05/12/51
622
408,608
3.25%, 05/12/61
562
350,531
3.88%, 08/22/37
503
453,295
3.95%, 04/13/52
540
415,932
4.05%, 08/22/47
641
514,577
4.10%, 04/13/62
270
201,503
4.25%, 08/22/57
753
591,314
4.70%, 12/01/32
215
217,160
4.80%, 12/05/34(a)
420
423,329
4.95%, 12/05/44
320
301,059
5.45%, 11/20/55
440
420,065
5.55%, 11/20/65
40
37,906
5.80%, 03/13/56
1,305
1,305,255
5.95%, 03/13/66
655
659,748
6.05%, 03/13/76
120
120,959
Baidu, Inc., 2.38%, 08/23/31
200
180,978
eBay, Inc.
2.70%, 03/11/30
190
176,561
3.65%, 05/10/51
389
283,278
4.00%, 07/15/42
314
252,239
MercadoLibre, Inc., 4.90%, 01/15/33
25
24,360
Meta Platforms, Inc.
4.45%, 08/15/52
305
238,658
4.65%, 08/15/62
597
460,421
5.40%, 08/15/54
410
366,595
5.55%, 08/15/64
780
693,729
5.60%, 05/15/53
455
421,249
5.63%, 11/15/55
1,195
1,100,771
5.75%, 05/15/63
551
505,360
5.75%, 11/15/65
1,125
1,029,239
6.30%, 05/15/56
1,000
1,008,090
6.45%, 05/15/66
1,000
1,006,214
Uber Technologies, Inc.
4.80%, 09/15/35
590
574,385
5.35%, 09/15/54
485
451,731
 
21,493,333
Iron & Steel — 0.1%
Nucor Corp.
2.98%, 12/15/55
482
299,731
3.95%, 05/01/28
100
99,311
4.40%, 05/01/48
130
109,492
5.20%, 08/01/43(a)
245
236,609
6.40%, 12/01/37(a)
238
264,351
Steel Dynamics, Inc.
3.25%, 10/15/50
156
103,774
3.45%, 04/15/30
51
48,849
4.00%, 12/15/28
135
133,390
5.25%, 05/15/35
145
145,874
5.38%, 08/15/34
40
40,682
Security
Par
(000
)
Value
Iron & Steel (continued)
5.75%, 05/15/55
$95
$93,964
 
1,576,027
Leisure Time — 0.0%
Brunswick Corp.
4.40%, 09/15/32(a)
107
101,229
5.10%, 04/01/52
15
11,393
Harley-Davidson, Inc., 4.63%, 07/28/45(a)
681
542,884
 
655,506
Lodging — 0.2%
Choice Hotels International, Inc.
3.70%, 12/01/29
92
88,277
3.70%, 01/15/31(a)
147
138,559
5.85%, 08/01/34(a)
400
405,110
Hyatt Hotels Corp., 5.75%, 04/23/30(a)
81
83,263
Las Vegas Sands Corp.
5.30%, 05/15/31
125
125,015
5.65%, 05/18/33
125
125,777
6.20%, 08/15/34
80
82,600
Marriott International, Inc./MD
5.55%, 10/15/28
20
20,477
Series AA, 4.65%, 12/01/28
80
80,199
Series FF, 4.63%, 06/15/30
262
261,413
Series GG, 3.50%, 10/15/32
252
232,348
Series X, 4.00%, 04/15/28
15
14,909
Sands China Ltd.
2.85%, 03/08/29
425
403,965
3.25%, 08/08/31
404
371,067
4.38%, 06/18/30
216
211,044
5.40%, 08/08/28
640
647,601
 
3,291,624
Machinery — 1.7%
AGCO Corp., 5.80%, 03/21/34
567
582,836
Caterpillar Financial Services Corp.
4.15%, 01/08/31(a)
25
24,645
Series L, 4.20%, 05/15/28
250
250,047
Series L, 4.30%, 05/15/29
250
250,102
Series L, 4.50%, 05/15/31
160
159,698
Caterpillar, Inc.
2.60%, 09/19/29
30
28,401
3.25%, 09/19/49
122
85,837
3.25%, 04/09/50
110
77,177
3.80%, 08/15/42
271
225,365
4.30%, 05/15/44
196
169,598
4.75%, 05/15/64(a)
623
545,079
5.20%, 05/27/41
240
240,079
5.30%, 09/15/35(a)
160
166,704
6.05%, 08/15/36(a)
255
278,446
CNH Industrial Capital LLC
4.38%, 03/07/31
1,355
1,328,513
4.50%, 10/08/27
70
70,020
4.50%, 10/16/30
1,735
1,713,323
4.55%, 04/10/28
1,005
1,004,083
4.75%, 03/21/28
125
125,402
5.10%, 04/20/29
1,435
1,451,317
5.50%, 01/12/29
1,106
1,129,019
CNH Industrial NV, 3.85%, 11/15/27
2,228
2,208,709
Deere & Co.
2.88%, 09/07/49(a)
135
88,841
3.75%, 04/15/50
159
122,008
3.90%, 06/09/42(a)
79
66,999
25

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Machinery (continued)
5.38%, 10/16/29
$25
$25,868
5.45%, 01/16/35(a)
140
145,271
5.70%, 01/19/55
315
323,259
7.13%, 03/03/31
100
110,784
Dover Corp.
2.95%, 11/04/29
40
37,994
5.38%, 10/15/35
150
155,775
5.38%, 03/01/41(a)
15
14,940
Flowserve Corp.
2.80%, 01/15/32
30
26,622
3.50%, 10/01/30
309
291,705
IDEX Corp., 2.63%, 06/15/31
250
226,392
Ingersoll Rand, Inc., 5.70%, 06/15/54
105
103,771
John Deere Capital Corp.
2.45%, 01/09/30
50
46,789
3.45%, 03/07/29
5
4,898
3.90%, 06/07/32
405
391,394
4.35%, 09/15/32
410
404,684
5.10%, 04/11/34
287
291,354
5.15%, 09/08/33
415
425,624
Series 1, 5.05%, 06/12/34
699
706,711
Series I, 4.20%, 03/10/31
115
113,499
Oshkosh Corp.
3.10%, 03/01/30
1,408
1,324,820
4.60%, 05/15/28
1,347
1,346,892
Otis Worldwide Corp.
3.36%, 02/15/50(a)
89
61,560
5.25%, 08/16/28
55
55,968
Rockwell Automation, Inc.
2.80%, 08/15/61
210
119,039
3.50%, 03/01/29
70
68,495
4.20%, 03/01/49
112
91,179
Westinghouse Air Brake Technologies Corp.,
4.70%, 09/15/28
51
51,102
Xylem, Inc./New York
1.95%, 01/30/28
2,220
2,135,281
2.25%, 01/30/31(a)
1,816
1,638,094
5.20%, 06/01/33
570
578,536
5.45%, 06/01/36
235
240,357
 
23,950,905
Manufacturing — 1.0%
3M Co.
2.38%, 08/26/29
478
448,214
2.88%, 10/15/27
2,795
2,744,084
3.05%, 04/15/30
928
878,889
3.63%, 09/14/28
1,390
1,371,986
4.80%, 03/15/30
455
459,003
5.15%, 03/15/35(a)
1,095
1,107,019
5.70%, 03/15/37(a)
810
844,036
Eaton Corp.
3.10%, 09/15/27
56
55,281
3.92%, 09/15/47
16
12,715
4.00%, 11/02/32
159
153,601
4.15%, 11/02/42
186
160,352
4.70%, 08/23/52(a)
70
62,363
Illinois Tool Works, Inc., 3.90%, 09/01/42
114
95,498
Parker-Hannifin Corp.
3.25%, 06/14/29
73
70,527
4.00%, 06/14/49(a)
252
200,273
4.10%, 03/01/47
63
51,335
4.20%, 11/21/34
96
91,939
Security
Par
(000
)
Value
Manufacturing (continued)
4.45%, 11/21/44
$81
$70,870
6.25%, 05/15/38
87
95,268
Pentair Finance SARL
4.50%, 07/01/29
1,046
1,040,062
5.90%, 07/15/32
1,710
1,777,168
Teledyne Technologies, Inc.
2.25%, 04/01/28
277
266,152
2.75%, 04/01/31
1,996
1,828,186
Textron, Inc., 3.00%, 06/01/30
27
25,379
 
13,910,200
Media — 1.5%
Charter Communications Operating LLC/Charter
Communications Operating Capital
2.80%, 04/01/31(a)
70
62,555
3.70%, 04/01/51
405
249,470
3.85%, 04/01/61
387
224,304
3.90%, 06/01/52
468
296,694
3.95%, 06/30/62
431
252,682
4.40%, 04/01/33
235
217,256
4.40%, 12/01/61
340
217,794
4.80%, 03/01/50
548
406,595
5.13%, 07/01/49
231
177,770
5.25%, 04/01/53(a)
274
213,251
5.38%, 04/01/38
108
96,347
5.38%, 05/01/47
571
460,384
5.50%, 04/01/63
284
217,757
5.75%, 04/01/48
536
450,734
6.38%, 10/23/35
579
582,608
6.48%, 10/23/45
765
705,770
6.83%, 10/23/55
286
269,013
Comcast Corp.
2.45%, 08/15/52
612
319,651
2.65%, 02/01/30
125
116,902
2.65%, 08/15/62
437
216,270
2.80%, 01/15/51
265
152,653
2.89%, 11/01/51
871
508,832
2.94%, 11/01/56
1,174
658,306
2.99%, 11/01/63
953
510,901
3.20%, 07/15/36(a)
114
95,890
3.25%, 11/01/39
164
126,670
3.40%, 04/01/30
25
24,038
3.40%, 07/15/46
211
145,478
3.45%, 02/01/50
366
242,271
3.75%, 04/01/40
86
69,869
3.90%, 03/01/38
95
81,743
3.97%, 11/01/47
428
317,480
4.00%, 08/15/47
221
164,551
4.00%, 03/01/48
234
173,089
4.00%, 11/01/49
507
369,828
4.05%, 11/01/52
499
359,281
4.15%, 10/15/28
5
4,985
4.20%, 08/15/34
25
23,511
4.25%, 10/15/30
80
78,999
4.25%, 01/15/33
70
67,405
4.40%, 08/15/35
70
66,083
4.60%, 10/15/38
190
173,687
4.60%, 08/15/45
221
185,086
4.65%, 07/15/42
390
337,736
4.70%, 10/15/48
546
449,502
4.75%, 03/01/44
295
255,250
4.95%, 10/15/58
433
354,690
26

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Media (continued)
5.17%, 01/15/37(b)
$105
$102,426
5.50%, 05/15/64(a)
274
242,352
5.65%, 06/15/35(a)
70
72,353
6.45%, 03/15/37
448
486,286
6.50%, 11/15/35
295
322,474
6.55%, 07/01/39(a)
155
167,814
6.95%, 08/15/37
281
315,253
7.05%, 03/15/33
125
140,044
FactSet Research Systems, Inc., 3.45%,
03/01/32(a)
945
856,689
Fox Corp.
5.48%, 01/25/39
244
239,836
5.58%, 01/25/49(a)
409
385,371
6.50%, 10/13/33
80
86,090
NBCUniversal Media LLC
4.45%, 01/15/43
75
62,649
5.95%, 04/01/41
135
137,387
6.40%, 04/30/40(a)
150
160,288
Time Warner Cable Enterprises LLC, 8.38%,
07/15/33
260
293,395
Time Warner Cable LLC
5.50%, 09/01/41
278
239,932
5.88%, 11/15/40
308
277,318
6.55%, 05/01/37
320
319,521
6.75%, 06/15/39
361
357,847
7.30%, 07/01/38
328
341,470
TWDC Enterprises 18 Corp.
3.00%, 07/30/46
256
175,720
4.13%, 06/01/44
261
216,033
4.38%, 08/16/41
190
168,317
Series B, 7.00%, 03/01/32
55
61,492
Series E, 4.13%, 12/01/41
123
105,441
Walt Disney Co.(The)
2.00%, 09/01/29
31
28,808
2.75%, 09/01/49
711
444,110
3.60%, 01/13/51
575
420,806
3.80%, 05/13/60
842
608,734
4.63%, 03/23/40(a)
35
32,754
4.70%, 03/23/50(a)
420
369,743
4.75%, 09/15/44
125
112,254
4.75%, 11/15/46
208
184,009
4.95%, 10/15/45
194
177,738
5.40%, 10/01/43
299
293,846
6.15%, 03/01/37
120
130,500
6.15%, 02/15/41
109
116,875
6.20%, 12/15/34(a)
10
10,981
6.40%, 12/15/35
40
44,356
6.55%, 03/15/33
51
56,542
6.65%, 11/15/37
323
363,754
7.75%, 12/01/45(a)
260
323,619
 
21,804,848
Metal Fabricate & Hardware — 0.0%
Valmont Industries, Inc.
5.00%, 10/01/44
70
63,520
5.25%, 10/01/54
100
92,315
 
155,835
Mining — 0.3%
AngloGold Ashanti Holdings PLC, 3.75%, 10/01/30
255
243,941
BHP Billiton Finance USA Ltd.
4.13%, 02/24/42
300
258,340
Security
Par
(000
)
Value
Mining (continued)
5.00%, 09/30/43
$45
$42,393
5.50%, 09/08/53(a)
35
34,428
5.75%, 09/05/55
15
15,231
Freeport-McMoRan, Inc.
5.40%, 11/14/34
255
259,632
5.45%, 03/15/43(a)
305
295,911
Newmont Corp.
2.60%, 07/15/32
261
235,522
4.88%, 03/15/42
201
189,102
5.45%, 06/09/44
43
41,786
5.88%, 04/01/35
45
47,793
Newmont Corp./Newcrest Finance Pty. Ltd.,
4.20%, 05/13/50(a)
30
24,042
Rio Tinto Alcan, Inc.
5.75%, 06/01/35
122
127,670
6.13%, 12/15/33
242
258,854
7.25%, 03/15/31
147
162,932
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51
221
135,727
5.20%, 11/02/40
231
227,303
7.13%, 07/15/28
90
95,037
Rio Tinto Finance USA PLC
4.13%, 08/21/42
125
106,400
4.75%, 03/22/42
187
172,346
5.13%, 03/09/53
153
141,581
5.75%, 03/14/55
85
85,879
5.88%, 03/14/65
265
271,023
Southern Copper Corp.
5.25%, 11/08/42
141
134,102
5.88%, 04/23/45
280
281,907
6.75%, 04/16/40
141
155,987
7.50%, 07/27/35
204
236,445
 
4,281,314
Office & Business Equipment — 0.1%
CDW LLC/CDW Finance Corp.
3.28%, 12/01/28
327
313,499
3.57%, 12/01/31
413
377,439
4.25%, 04/01/28
120
118,493
 
809,431
Oil & Gas — 2.5%
Antero Resources Corp., 5.40%, 02/01/36(a)
30
29,646
APA Corp.
5.35%, 07/01/49
46
40,432
6.00%, 01/15/37
10
10,198
6.10%, 02/15/35
10
10,389
6.75%, 02/15/55
125
131,321
BP Capital Markets America, Inc.
2.77%, 11/10/50
517
319,262
2.94%, 06/04/51
476
302,582
3.00%, 02/24/50
591
386,094
3.00%, 03/17/52
245
156,564
3.38%, 02/08/61
998
646,993
3.63%, 04/06/30(a)
160
155,424
3.94%, 09/21/28
178
176,386
4.23%, 11/06/28
145
144,515
BP Capital Markets PLC, 3.72%, 11/28/28
100
98,437
Burlington Resources LLC
5.95%, 10/15/36
170
181,588
7.20%, 08/15/31
280
311,193
Chevron Corp., 3.08%, 05/11/50
283
190,170
27

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Oil & Gas (continued)
Chevron USA, Inc.
2.34%, 08/12/50
$118
$67,860
5.25%, 11/15/43(a)
75
74,620
ConocoPhillips
4.88%, 10/01/47
80
70,975
5.90%, 05/15/38
315
333,715
ConocoPhillips Co.
3.80%, 03/15/52
100
73,592
4.03%, 03/15/62
545
398,490
4.30%, 11/15/44
332
280,176
5.00%, 01/15/35
310
310,404
5.30%, 05/15/53
85
79,409
5.50%, 01/15/55(a)
340
326,550
5.55%, 03/15/54
115
111,423
5.65%, 01/15/65
225
217,384
5.70%, 09/15/63
150
145,951
5.90%, 10/15/32
252
269,782
5.95%, 03/15/46(a)
195
199,861
6.50%, 02/01/39
506
560,203
6.95%, 04/15/29
522
557,728
Devon Energy Corp.
4.75%, 05/15/42
170
152,096
5.00%, 06/15/45
166
149,181
5.60%, 07/15/41
326
322,260
5.75%, 09/15/54(a)
55
53,126
7.88%, 09/30/31
79
90,518
7.95%, 04/15/32
76
87,367
Diamondback Energy, Inc.
3.50%, 12/01/29
549
532,478
5.40%, 04/18/34
135
138,047
5.55%, 04/01/35(a)
210
216,480
5.75%, 04/18/54(a)
245
240,807
5.90%, 04/18/64
431
427,091
6.25%, 03/15/53
136
141,283
Eni USA, Inc., 7.30%, 11/15/27
240
249,399
EOG Resources, Inc.
3.90%, 04/01/35
67
61,767
4.38%, 04/15/30
88
87,533
4.95%, 04/15/50
243
217,295
5.95%, 07/15/55
35
35,816
EQT Corp.
5.00%, 01/15/29
240
241,895
5.75%, 02/01/34
348
359,433
7.00%, 02/01/30
351
374,238
Exxon Mobil Corp.
3.10%, 08/16/49
438
297,081
3.45%, 04/15/51
758
543,462
3.48%, 03/19/30
80
77,618
4.11%, 03/01/46
390
325,089
4.23%, 03/19/40
362
327,803
4.33%, 03/19/50
690
577,442
Hess Corp.
5.60%, 02/15/41
53
54,165
6.00%, 01/15/40
101
106,824
7.13%, 03/15/33
468
530,683
7.30%, 08/15/31
657
737,051
7.88%, 10/01/29
647
715,642
HF Sinclair Corp.
5.50%, 09/01/32(a)
40
40,372
6.25%, 01/15/35
45
46,827
Security
Par
(000
)
Value
Oil & Gas (continued)
Marathon Petroleum Corp.
3.80%, 04/01/28
$325
$320,954
4.50%, 04/01/48
98
79,089
4.75%, 09/15/44
149
129,838
5.00%, 09/15/54(a)
75
64,043
6.50%, 03/01/41
381
409,616
Occidental Petroleum Corp.
4.40%, 04/15/46
126
103,933
6.05%, 10/01/54
162
163,822
6.20%, 03/15/40
170
178,483
6.45%, 09/15/36
490
532,510
6.60%, 03/15/46
258
276,367
6.63%, 09/01/30
153
163,145
7.50%, 05/01/31(a)
265
295,329
7.88%, 09/15/31
100
113,693
7.95%, 06/15/39
107
128,320
Ovintiv, Inc.
6.25%, 07/15/33(a)
299
317,057
6.50%, 08/15/34
401
431,201
6.50%, 02/01/38
252
267,296
6.63%, 08/15/37
165
176,944
7.10%, 07/15/53
10
11,095
7.20%, 11/01/31
634
697,624
7.38%, 11/01/31
1,007
1,118,252
8.13%, 09/15/30(a)
260
291,152
Phillips 66
3.30%, 03/15/52
134
88,062
4.88%, 11/15/44
477
423,611
5.88%, 05/01/42
362
364,570
Phillips 66 Co.
3.90%, 03/15/28
241
238,803
4.65%, 11/15/34
363
352,653
5.30%, 06/30/33
455
462,998
5.50%, 03/15/55(a)
160
148,706
5.65%, 06/15/54(a)
170
160,775
Series B, 6.20%, 03/15/56, (5-year CMT +
2.17%)(a)(c)
105
105,423
Shell Finance U.S., Inc.
3.00%, 11/26/51(b)
560
363,071
3.13%, 11/07/49(b)
345
231,849
3.25%, 04/06/50(a)
390
270,415
4.13%, 05/11/35
492
465,925
4.38%, 05/11/45
10
8,553
6.38%, 12/15/38(b)
522
573,283
Shell International Finance BV
3.25%, 04/06/50(a)
40
27,370
4.00%, 05/10/46
85
68,132
4.13%, 05/11/35(a)
315
309,682
4.38%, 05/11/45
15
12,771
6.38%, 12/15/38(a)
195
214,716
TotalEnergies Capital International SA
2.83%, 01/10/30
275
260,347
2.99%, 06/29/41
117
87,647
3.13%, 05/29/50
637
428,426
3.39%, 06/29/60(a)
647
422,159
3.46%, 02/19/29
126
123,432
3.46%, 07/12/49
318
227,703
TotalEnergies Capital SA
3.88%, 10/11/28
273
271,102
4.72%, 09/10/34
65
64,444
5.15%, 04/05/34
245
249,592
28

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Oil & Gas (continued)
5.28%, 09/10/54
$55
$51,807
5.43%, 09/10/64
250
235,468
5.49%, 04/05/54(a)
574
556,597
5.64%, 04/05/64
447
433,734
Valero Energy Corp.
3.65%, 12/01/51
254
177,014
4.00%, 04/01/29
131
128,940
4.00%, 06/01/52(a)
89
65,558
4.35%, 06/01/28
86
85,823
4.90%, 03/15/45
83
73,237
6.63%, 06/15/37(a)
526
580,016
7.50%, 04/15/32
325
369,638
Woodside Finance Ltd.
4.90%, 05/19/28
570
573,374
5.10%, 09/12/34
1,885
1,867,667
5.40%, 05/19/30
755
769,890
5.70%, 09/12/54
250
239,357
 
35,431,589
Oil & Gas Services — 0.4%
Baker Hughes Holdings LLC, 5.13%, 09/15/40
529
510,060
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor, Inc.
3.14%, 11/07/29
1,010
967,932
3.34%, 12/15/27
1,718
1,694,386
4.08%, 12/15/47(a)
204
163,267
5.85%, 06/15/56
395
394,039
Halliburton Co.
2.92%, 03/01/30(a)
341
320,917
4.50%, 11/15/41
132
114,917
4.75%, 08/01/43
100
89,128
4.85%, 11/15/35
372
362,133
5.00%, 11/15/45
475
430,763
6.70%, 09/15/38
143
158,816
7.45%, 09/15/39
294
345,660
NOV, Inc.
3.60%, 12/01/29
377
364,919
3.95%, 12/01/42(a)
147
118,044
Schlumberger Investment SA, 2.65%, 06/26/30(a)
499
465,739
 
6,500,720
Packaging & Containers — 0.1%
Amcor Finance USA, Inc.
4.50%, 05/15/28(a)
108
107,961
5.63%, 05/26/33
160
164,837
Amcor Flexibles North America, Inc.
2.63%, 06/19/30
17
15,654
2.69%, 05/25/31
20
18,122
5.13%, 03/12/36(a)
75
73,496
5.50%, 03/17/35(a)
45
45,725
AptarGroup, Inc.
3.60%, 03/15/32
15
13,914
4.75%, 03/30/31
75
74,397
Berry Global, Inc., 5.65%, 01/15/34(a)
409
417,949
Packaging Corp. of America, 4.05%, 12/15/49
14
10,784
Smurfit Kappa Treasury ULC, 5.78%, 04/03/54
280
277,586
Sonoco Products Co.
3.13%, 05/01/30
54
50,800
5.75%, 11/01/40(a)
115
115,533
WestRock MWV LLC, 8.20%, 01/15/30
103
114,730
WRKCo, Inc.
3.00%, 06/15/33(a)
210
185,006
Security
Par
(000
)
Value
Packaging & Containers (continued)
4.00%, 03/15/28
$20
$19,849
4.20%, 06/01/32
65
62,381
4.90%, 03/15/29
20
20,143
 
1,788,867
Pharmaceuticals — 4.4%
AbbVie, Inc.
4.05%, 11/21/39
700
617,104
4.13%, 03/15/31
265
260,034
4.25%, 11/21/49
1,310
1,070,978
4.30%, 05/14/36
437
413,384
4.40%, 03/15/33
470
460,648
4.40%, 11/06/42
710
625,508
4.45%, 05/14/46
522
448,404
4.50%, 05/14/35
838
809,200
4.70%, 05/14/45
728
650,276
4.85%, 06/15/44
99
90,786
4.88%, 11/14/48
488
438,765
5.40%, 03/15/54
387
371,695
5.50%, 03/15/64
840
808,576
5.60%, 03/15/55
245
242,126
5.65%, 03/15/66
345
339,324
Astrazeneca Finance LLC
4.88%, 03/03/33
398
403,747
5.00%, 02/26/34
35
35,443
AstraZeneca PLC
3.13%, 06/12/27
825
818,258
4.00%, 01/17/29
645
640,829
4.00%, 09/18/42
340
288,548
4.38%, 11/16/45
336
292,644
4.38%, 08/17/48
195
167,557
6.45%, 09/15/37
798
890,902
Becton Dickinson & Co., 4.67%, 06/06/47
505
441,956
Bristol-Myers Squibb Co.
2.55%, 11/13/50
434
255,204
3.25%, 08/01/42
398
301,246
3.70%, 03/15/52
431
314,264
3.90%, 03/15/62
448
320,590
4.25%, 10/26/49
928
752,533
4.35%, 11/15/47
355
295,755
4.50%, 03/01/44
325
283,401
4.55%, 02/20/48
372
318,399
4.63%, 05/15/44
80
70,913
5.00%, 08/15/45(a)
401
371,964
5.55%, 02/22/54
747
727,408
5.65%, 02/22/64(a)
185
181,999
6.40%, 11/15/63(a)
260
284,529
Cardinal Health, Inc.
3.41%, 06/15/27
1,309
1,296,886
4.37%, 06/15/47
252
206,571
4.50%, 09/15/30
170
168,519
4.60%, 03/15/43
104
90,077
4.90%, 09/15/45
259
229,306
5.00%, 11/15/29
165
166,947
5.15%, 09/15/35(a)
465
462,740
5.35%, 11/15/34
740
748,262
5.45%, 02/15/34
800
817,141
5.75%, 11/15/54
200
196,755
Cencora, Inc.
2.70%, 03/15/31
305
278,489
2.80%, 05/15/30
50
46,665
3.45%, 12/15/27
35
34,521
29

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pharmaceuticals (continued)
3.95%, 02/13/29(a)
$95
$93,601
4.25%, 11/15/30(a)
55
53,999
4.25%, 03/01/45
317
262,687
4.30%, 12/15/47
130
107,114
4.60%, 02/13/33
85
83,369
4.90%, 02/13/36
220
214,599
5.13%, 02/15/34(a)
592
594,063
5.65%, 02/13/56(a)
115
112,526
CVS Health Corp.
3.25%, 08/15/29
95
91,169
4.13%, 04/01/40
120
101,967
4.25%, 04/01/50
206
159,659
4.30%, 03/25/28
95
94,699
4.78%, 03/25/38
1,140
1,063,975
4.88%, 07/20/35
245
237,441
5.05%, 03/25/48
1,865
1,636,826
5.13%, 07/20/45
918
824,344
5.25%, 02/21/33
379
385,055
5.30%, 06/01/33(a)
175
177,353
5.30%, 12/05/43
322
298,580
5.63%, 02/21/53
380
355,313
5.88%, 06/01/53(a)
245
236,909
6.00%, 06/01/63
399
387,264
6.13%, 09/15/39(a)
286
296,272
Eli Lilly & Co.
2.25%, 05/15/50
35
19,891
2.50%, 09/15/60
845
455,708
3.38%, 03/15/29(a)
87
85,050
3.70%, 03/01/45
266
209,073
3.95%, 05/15/47
250
200,320
3.95%, 03/15/49
530
420,419
4.15%, 05/20/29
70
69,895
4.15%, 03/15/59
474
369,325
4.38%, 05/20/31
125
124,397
4.85%, 05/20/36
75
74,450
4.95%, 02/27/63
93
82,739
5.00%, 02/09/54
144
132,408
5.05%, 08/14/54
75
69,388
5.10%, 02/09/64
390
354,941
5.20%, 08/14/64(a)
205
189,586
5.50%, 02/12/55
50
49,534
5.55%, 03/15/37
212
223,195
5.60%, 02/12/65
65
63,664
5.65%, 10/15/65
50
49,764
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29
35
34,085
GlaxoSmithKline Capital, Inc.
3.88%, 05/15/28
145
144,185
4.20%, 03/18/43
100
86,364
4.50%, 04/15/30
50
50,150
4.88%, 04/15/35(a)
50
49,719
5.38%, 04/15/34
100
103,568
6.38%, 05/15/38
639
705,904
Johnson & Johnson
2.45%, 09/01/60
806
438,148
3.50%, 01/15/48
160
121,345
3.70%, 03/01/46
423
338,015
3.75%, 03/03/47
357
284,374
4.38%, 12/05/33(a)
52
51,824
4.50%, 09/01/40
236
223,088
4.50%, 12/05/43(a)
222
205,519
4.85%, 05/15/41
208
203,392
Security
Par
(000
)
Value
Pharmaceuticals (continued)
4.95%, 05/15/33
$122
$126,419
5.85%, 07/15/38
221
240,096
5.95%, 08/15/37(a)
203
223,446
McKesson Corp.
3.95%, 02/16/28
160
158,957
4.65%, 05/30/30
95
95,255
4.95%, 05/30/32
100
101,204
5.10%, 07/15/33
729
740,844
5.25%, 05/30/35
95
96,750
Mead Johnson Nutrition Co., 4.60%, 06/01/44
260
226,005
Merck & Co., Inc.
2.45%, 06/24/50
235
137,177
2.75%, 12/10/51
494
302,065
2.90%, 12/10/61
796
460,244
3.40%, 03/07/29
120
117,206
3.60%, 09/15/42
340
271,079
3.70%, 02/10/45
709
555,406
3.90%, 03/07/39
27
23,796
4.00%, 03/07/49
227
179,604
4.15%, 05/18/43
507
430,031
4.30%, 05/17/30
25
24,881
4.50%, 05/17/33
290
287,799
5.15%, 05/17/63
395
357,929
5.70%, 12/04/65
145
143,059
6.50%, 12/01/33
382
423,467
6.55%, 09/15/37
172
192,975
Merck Sharp & Dohme Corp.
5.75%, 11/15/36
215
227,424
5.95%, 12/01/28(a)
150
156,037
Mylan, Inc., 5.20%, 04/15/48
99
81,361
Novartis Capital Corp.
2.20%, 08/14/30
245
223,907
2.75%, 08/14/50
582
368,233
3.80%, 09/18/29
780
766,506
4.00%, 09/18/31
200
195,998
4.00%, 11/20/45
280
231,335
4.10%, 03/16/29
255
253,563
4.10%, 11/05/30
90
88,589
4.20%, 09/18/34(a)
1,565
1,507,793
4.40%, 03/18/31
295
293,580
4.40%, 05/06/44
216
189,898
4.60%, 03/18/33
455
451,758
4.60%, 11/05/35
1,555
1,521,677
4.70%, 09/18/54
625
551,032
4.90%, 03/18/36
575
572,481
5.60%, 03/18/46
180
181,946
5.70%, 03/18/56
110
111,671
Pfizer Investment Enterprises Pte. Ltd.
4.75%, 05/19/33
826
821,068
5.30%, 05/19/53
1,012
949,395
5.34%, 05/19/63
1,373
1,265,714
Pfizer, Inc.
2.70%, 05/28/50
703
435,112
4.00%, 12/15/36(a)
150
138,112
4.00%, 03/15/49
368
290,649
4.13%, 12/15/46
266
218,626
4.20%, 09/15/48
262
214,152
4.40%, 05/15/44
35
30,487
7.20%, 03/15/39
282
329,707
Takeda Pharmaceutical Co. Ltd.
3.18%, 07/09/50
536
355,041
30

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pharmaceuticals (continued)
3.38%, 07/09/60
$657
$416,899
5.00%, 11/26/28
170
171,785
5.65%, 07/05/44
200
198,054
5.80%, 07/05/64
235
229,059
Utah Acquisition Sub, Inc., 5.25%, 06/15/46
109
91,355
Viatris, Inc., 4.00%, 06/22/50
507
346,109
Zoetis, Inc.
2.00%, 05/15/30
1,631
1,475,087
3.00%, 09/12/27
1,371
1,349,265
3.00%, 05/15/50
60
38,681
3.90%, 08/20/28
590
582,766
3.95%, 09/12/47
256
199,528
4.15%, 08/17/28
150
149,145
4.45%, 08/20/48
101
84,078
4.70%, 02/01/43
633
564,550
5.00%, 08/17/35(a)
1,480
1,463,311
5.60%, 11/16/32
1,213
1,262,771
 
62,560,976
Pipelines — 4.6%
Boardwalk Pipelines LP, 4.80%, 05/03/29
129
129,388
Cheniere Corpus Christi Holdings LLC
2.74%, 12/31/39
1,231
1,040,135
3.70%, 11/15/29
1,794
1,742,032
5.13%, 06/30/27
348
349,497
Cheniere Energy Partners LP
3.25%, 01/31/32
248
227,643
4.00%, 03/01/31
56
53,989
4.50%, 10/01/29
150
149,221
5.35%, 11/30/36(b)
80
80,001
5.95%, 06/30/33
286
299,680
6.05%, 11/30/56(b)
35
35,367
Cheniere Energy, Inc.
4.63%, 10/15/28
3,378
3,373,866
5.20%, 07/30/36(b)
370
364,970
5.65%, 04/15/34
1,820
1,873,926
6.00%, 07/30/56(b)
100
99,853
Columbia Pipeline Group, Inc., 5.80%, 06/01/45
31
30,683
DCP Midstream Operating LP
5.13%, 05/15/29
85
86,183
5.60%, 04/01/44
80
76,381
8.13%, 08/16/30
61
69,019
Enbridge Energy Partners LP
5.50%, 09/15/40(a)
30
29,453
7.38%, 10/15/45
209
242,381
Series B, 7.50%, 04/15/38(a)
167
194,005
Enbridge, Inc.
2.50%, 08/01/33
985
842,117
3.13%, 11/15/29
190
181,164
3.40%, 08/01/51
130
88,589
3.70%, 07/15/27
49
48,658
4.00%, 11/15/49
233
177,813
4.20%, 11/20/28
135
134,101
4.50%, 06/10/44
179
152,080
4.60%, 06/20/28
75
75,201
4.85%, 03/27/31
250
250,910
4.90%, 06/20/30
140
140,993
5.20%, 11/20/35
150
150,025
5.45%, 03/27/36
290
294,145
5.50%, 12/01/46
177
170,203
5.63%, 04/05/34
264
273,136
5.70%, 03/08/33
600
623,572
Security
Par
(000
)
Value
Pipelines (continued)
5.95%, 04/05/54
$276
$277,940
6.70%, 11/15/53
105
115,711
7.20%, 06/27/54, (5-year CMT + 2.97%)(c)
186
198,660
7.38%, 03/15/55, (5-year CMT + 3.12%)(a)(c)
222
234,728
Energy Transfer LP
4.15%, 09/15/29
265
261,006
4.90%, 03/15/35
122
119,258
5.00%, 05/15/44
1,040
918,050
5.00%, 05/15/50(a)
486
413,802
5.40%, 10/01/47
90
81,839
5.75%, 02/15/33
95
98,883
5.95%, 05/15/54
130
125,464
6.00%, 06/15/48
191
185,736
6.05%, 09/01/54
155
151,020
6.20%, 04/01/55
285
283,204
6.25%, 04/15/49
325
325,176
6.63%, 10/15/36
40
43,378
7.50%, 07/01/38
175
202,678
Enterprise Products Operating LLC
2.80%, 01/31/30
54
50,900
3.13%, 07/31/29
60
57,734
3.30%, 02/15/53
164
109,915
3.70%, 01/31/51
125
91,774
3.95%, 01/31/60
209
153,381
4.15%, 10/16/28
80
79,760
4.20%, 01/31/50
149
120,276
4.25%, 02/15/48
130
106,473
4.45%, 02/15/43
211
184,263
4.80%, 02/01/49
208
183,366
4.85%, 08/15/42
201
184,920
4.85%, 03/15/44
262
239,454
4.90%, 05/15/46
202
182,511
4.95%, 10/15/54
125
110,555
5.10%, 02/15/45
327
306,414
5.38%, 02/15/78, (3-mo. CME Term SOFR +
2.83%)(a)(c)
252
251,221
5.55%, 02/16/55
90
87,210
5.70%, 02/15/42
165
167,309
5.95%, 02/01/41
171
178,944
6.13%, 10/15/39
133
141,872
6.45%, 09/01/40
214
234,696
7.55%, 04/15/38
166
196,938
Series D, 6.88%, 03/01/33(a)
123
137,314
Series E, 5.25%, 08/16/77, (3-mo. CME Term
SOFR + 3.29%)(c)
219
218,508
Series H, 6.65%, 10/15/34(a)
79
87,514
Kinder Morgan Energy Partners LP
4.70%, 11/01/42
69
60,587
5.00%, 08/15/42
105
95,534
5.00%, 03/01/43
113
102,679
5.40%, 09/01/44
145
136,986
5.50%, 03/01/44
192
183,726
5.63%, 09/01/41
100
98,597
5.80%, 03/15/35
838
872,405
6.38%, 03/01/41
178
188,511
6.50%, 02/01/37
538
583,132
6.50%, 09/01/39
193
208,354
6.55%, 09/15/40
140
150,368
6.95%, 01/15/38
636
714,719
7.30%, 08/15/33
502
569,711
7.40%, 03/15/31
334
370,999
31

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pipelines (continued)
7.50%, 11/15/40
$90
$105,235
7.75%, 03/15/32
361
412,765
Kinder Morgan, Inc.
2.00%, 02/15/31
270
239,606
3.25%, 08/01/50
195
129,451
3.60%, 02/15/51
90
63,451
4.30%, 03/01/28(a)
509
508,895
4.80%, 02/01/33
560
555,530
5.00%, 02/01/29
125
126,616
5.05%, 02/15/46
325
293,688
5.10%, 08/01/29
140
142,166
5.15%, 06/01/30
95
97,021
5.20%, 06/01/33(a)
710
722,531
5.20%, 03/01/48
155
141,653
5.30%, 12/01/34
746
755,190
5.40%, 02/01/34
395
404,366
5.45%, 08/01/52
155
145,520
5.55%, 06/01/45
555
535,667
5.85%, 06/01/35
550
576,935
5.95%, 08/01/54(a)
275
276,116
7.75%, 01/15/32
623
712,722
7.80%, 08/01/31
363
413,073
MPLX LP
4.00%, 03/15/28
159
157,764
4.25%, 12/01/27
131
130,640
4.50%, 04/15/38
288
261,736
4.70%, 04/15/48
374
311,366
4.80%, 02/15/29
167
167,880
4.90%, 04/15/58
267
218,322
4.95%, 03/14/52
151
127,923
5.20%, 03/01/47
362
325,927
5.50%, 02/15/49
391
359,465
5.95%, 04/01/55
70
67,932
6.20%, 09/15/55
185
185,682
ONEOK Partners LP
6.13%, 02/01/41
155
158,433
6.20%, 09/15/43
276
280,690
6.65%, 10/01/36
377
410,263
6.85%, 10/15/37
338
370,553
ONEOK, Inc.
3.10%, 03/15/30(a)
368
347,649
3.25%, 06/01/30
285
269,336
3.40%, 09/01/29
272
261,371
3.95%, 03/01/50
140
101,181
4.00%, 07/13/27
545
542,959
4.20%, 10/03/47
105
80,866
4.25%, 09/15/46
127
99,340
4.35%, 03/15/29
475
471,670
4.45%, 09/01/49
43
34,745
4.50%, 03/15/50
72
56,367
4.55%, 07/15/28
1,027
1,027,459
4.85%, 02/01/49
105
88,080
4.95%, 10/15/32
115
114,634
4.95%, 07/13/47
122
104,858
5.05%, 11/01/34
1,095
1,076,814
5.15%, 10/15/43
43
38,894
5.38%, 06/01/29
835
849,226
5.40%, 10/15/35
170
170,604
5.65%, 11/01/28
235
240,434
5.65%, 09/01/34
658
673,581
5.70%, 11/01/54
420
391,616
Security
Par
(000
)
Value
Pipelines (continued)
5.80%, 11/01/30
$100
$103,714
5.85%, 11/01/64
150
140,787
6.00%, 06/15/35
200
207,951
6.05%, 09/01/33
538
565,527
6.10%, 11/15/32
353
372,731
6.25%, 10/15/55
380
381,478
6.35%, 01/15/31
355
375,680
6.63%, 09/01/53
165
173,345
7.15%, 01/15/51
65
71,627
Plains All American Pipeline LP/PAA Finance Corp.
3.55%, 12/15/29(a)
139
134,160
5.15%, 06/01/42
104
95,555
6.65%, 01/15/37
231
250,957
Sabine Pass Liquefaction LLC
4.20%, 03/15/28
524
521,890
4.50%, 05/15/30
161
160,015
Spectra Energy Partners LP
4.50%, 03/15/45
306
259,924
5.95%, 09/25/43(a)
258
259,748
Targa Resources Corp.
4.20%, 02/01/33
452
430,022
4.35%, 01/15/29
160
159,328
4.35%, 04/15/31(a)
100
97,967
4.90%, 09/15/30
210
211,323
4.95%, 04/15/52
215
184,799
5.40%, 07/30/36
195
195,134
5.50%, 02/15/35
90
91,438
5.55%, 08/15/35
275
279,055
5.65%, 02/15/36
315
321,885
6.05%, 05/15/56
65
64,548
6.13%, 03/15/33
145
153,441
6.13%, 05/15/55
190
190,733
6.25%, 07/01/52
75
76,222
6.50%, 03/30/34
479
519,518
6.50%, 02/15/53
213
224,002
Targa Resources Partners LP/Targa Resources
Partners Finance Corp.
4.00%, 01/15/32
400
380,748
4.88%, 02/01/31
350
349,802
5.50%, 03/01/30
288
291,549
Tennessee Gas Pipeline Co. LLC
7.00%, 10/15/28
166
175,091
7.63%, 04/01/37
100
117,108
Texas Eastern Transmission LP, 7.00%, 07/15/32
504
557,024
TransCanada PipeLines Ltd.
4.10%, 04/15/30
173
169,420
4.63%, 03/01/34
498
482,575
4.88%, 05/15/48
10
8,874
5.10%, 03/15/49
212
198,336
5.60%, 03/31/34(a)
193
197,879
5.85%, 03/15/36
189
197,302
6.10%, 06/01/40(a)
131
137,120
6.20%, 10/15/37
325
345,336
7.25%, 08/15/38
188
215,676
7.63%, 01/15/39
347
410,606
Transcontinental Gas Pipe Line Co. LLC
3.95%, 05/15/50
183
139,529
4.00%, 03/15/28
108
107,119
4.45%, 08/01/42
110
95,631
4.60%, 03/15/48
187
158,459
5.40%, 08/15/41
103
99,649
32

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pipelines (continued)
Valero Energy Partners LP, 4.50%, 03/15/28
$251
$251,000
Western Midstream Operating LP
4.05%, 02/01/30
305
296,286
4.50%, 03/01/28
110
109,858
4.75%, 08/15/28
135
135,130
4.80%, 03/01/31
125
124,168
5.25%, 02/01/50(a)
223
194,766
5.30%, 03/01/48
166
144,634
5.45%, 11/15/34
198
198,219
5.45%, 04/01/44
85
77,684
5.50%, 12/15/35
90
89,647
5.50%, 08/15/48
95
84,165
6.15%, 04/01/33
657
691,111
Williams Companies, Inc.(The)
2.60%, 03/15/31
1,000
906,826
3.50%, 11/15/30
25
23,776
3.75%, 06/15/27
40
39,804
4.63%, 06/30/30
175
174,879
4.65%, 08/15/32
1,000
988,680
4.85%, 03/01/48
250
216,967
4.90%, 01/15/45
167
147,918
5.10%, 09/15/45
223
204,316
5.15%, 03/15/34
420
420,772
5.15%, 03/15/36(a)
400
395,039
5.30%, 09/30/35
240
240,345
5.30%, 08/15/52
70
63,995
5.40%, 03/04/44(a)
190
179,735
5.60%, 03/15/35
235
240,620
5.65%, 03/15/33
160
165,493
5.75%, 06/24/44
85
83,902
5.80%, 11/15/43
163
161,286
5.80%, 11/15/54
243
237,410
5.95%, 03/15/56
340
338,180
6.00%, 03/15/55
166
166,254
6.30%, 04/15/40
317
336,748
8.75%, 03/15/32(a)
141
167,707
Series A, 7.50%, 01/15/31
155
172,623
 
64,900,180
Private Equity — 0.0%
Brookfield Finance, Inc., 5.81%, 03/03/55
50
48,741
Real Estate — 0.2%
CBRE Services, Inc.
2.50%, 04/01/31
926
833,666
4.80%, 06/15/30
95
95,261
4.90%, 01/15/33
125
123,324
5.25%, 06/01/36
175
172,309
5.50%, 04/01/29
556
569,413
5.50%, 06/15/35
645
653,040
5.95%, 08/15/34
590
615,128
Jones Lang LaSalle, Inc., 6.88%, 12/01/28
5
5,249
 
3,067,390
Real Estate Investment Trusts — 4.6%
Agree LP
2.60%, 06/15/33
115
98,011
4.80%, 10/01/32
20
19,808
Alexandria Real Estate Equities, Inc.
1.88%, 02/01/33
318
258,804
2.00%, 05/18/32
198
166,588
2.75%, 12/15/29
68
63,422
2.95%, 03/15/34
145
123,057
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
3.38%, 08/15/31
$75
$69,178
3.55%, 03/15/52
115
78,960
3.95%, 01/15/28
143
141,641
4.00%, 02/01/50
219
162,342
4.50%, 07/30/29
353
349,595
4.70%, 07/01/30(a)
75
74,455
4.85%, 04/15/49
180
152,746
4.90%, 12/15/30
20
20,021
American Assets Trust LP, 3.38%, 02/01/31
404
367,090
American Homes 4 Rent LP
3.38%, 07/15/51
40
26,637
3.63%, 04/15/32(a)
180
167,340
4.30%, 04/15/52
27
20,981
4.90%, 02/15/29
31
31,182
American Tower Corp.
1.88%, 10/15/30
360
319,937
2.10%, 06/15/30
408
369,311
2.30%, 09/15/31
456
403,208
2.70%, 04/15/31
890
810,076
2.90%, 01/15/30
386
363,201
2.95%, 01/15/51
390
245,022
3.10%, 06/15/50
281
183,047
3.55%, 07/15/27
390
386,830
3.60%, 01/15/28
535
527,796
3.70%, 10/15/49
265
193,832
3.80%, 08/15/29
482
471,030
3.95%, 03/15/29
172
169,235
4.05%, 03/15/32
10
9,609
4.70%, 12/15/32
90
88,763
4.90%, 03/15/30
195
196,745
5.00%, 01/31/30
30
30,351
5.35%, 03/15/35
825
834,228
5.40%, 01/31/35
685
695,264
5.45%, 02/15/34
252
257,031
5.55%, 07/15/33
398
409,935
5.90%, 11/15/33
265
278,154
AvalonBay Communities, Inc.
2.30%, 03/01/30
42
38,761
3.20%, 01/15/28
38
37,328
3.30%, 06/01/29
77
74,425
3.90%, 10/15/46
96
75,157
4.15%, 07/01/47
85
68,565
4.35%, 04/15/48
20
16,565
5.00%, 02/15/33(a)
295
297,949
Boston Properties LP
2.45%, 10/01/33
655
539,910
2.55%, 04/01/32
316
275,273
2.90%, 03/15/30
131
122,143
3.25%, 01/30/31
392
363,983
3.40%, 06/21/29(a)
189
181,621
4.50%, 12/01/28
213
212,357
5.75%, 01/15/35(a)
245
247,562
6.50%, 01/15/34
213
225,637
Brixmor Operating Partnership LP
2.50%, 08/16/31
95
84,755
4.05%, 07/01/30
117
113,813
4.13%, 05/15/29
193
190,482
5.75%, 02/15/35
100
103,433
Camden Property Trust
2.80%, 05/15/30
19
17,770
3.15%, 07/01/29
52
49,900
33

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
3.35%, 11/01/49(a)
$19
$13,156
4.10%, 10/15/28
31
30,808
COPT Defense Properties LP
2.00%, 01/15/29
440
411,678
2.75%, 04/15/31
171
154,995
2.90%, 12/01/33
71
60,433
Cousins Properties LP, 5.88%, 10/01/34
120
122,976
Crown Castle, Inc.
2.10%, 04/01/31
412
362,144
2.25%, 01/15/31
273
243,129
2.50%, 07/15/31
382
339,923
3.10%, 11/15/29
185
175,513
3.25%, 01/15/51
364
239,414
3.30%, 07/01/30
402
379,382
3.65%, 09/01/27
242
239,738
3.80%, 02/15/28
1,504
1,486,070
4.00%, 11/15/49
207
154,242
4.15%, 07/01/50
238
184,098
4.30%, 02/15/29
1,194
1,183,689
4.75%, 05/15/47
270
228,073
4.80%, 09/01/28
253
254,325
5.00%, 01/11/28
535
539,055
5.10%, 05/01/33
659
654,498
5.20%, 02/15/49
151
135,569
5.60%, 06/01/29
385
394,378
5.80%, 03/01/34
287
296,226
CubeSmart LP
2.50%, 02/15/32
140
123,194
3.00%, 02/15/30
5
4,703
4.38%, 02/15/29(a)
30
29,817
Digital Realty Trust LP
3.60%, 07/01/29
3,100
3,010,389
3.70%, 08/15/27
3,222
3,194,636
4.45%, 07/15/28
3,325
3,320,799
5.55%, 01/15/28
1,966
1,998,288
DOC DR LLC
2.63%, 11/01/31
80
71,309
3.95%, 01/15/28
104
103,043
EPR Properties
3.60%, 11/15/31
50
45,739
4.95%, 04/15/28
210
210,336
Equinix Asia Financing Corp. Pte. Ltd., 4.40%,
03/15/31
2,035
1,998,870
Equinix Europe 2 Financing Corp. LLC
4.60%, 11/15/30
855
846,887
5.50%, 06/15/34
1,170
1,193,811
Equinix, Inc.
1.55%, 03/15/28
305
289,943
1.80%, 07/15/27
101
98,153
2.00%, 05/15/28
105
100,250
2.15%, 07/15/30
1,607
1,449,812
2.50%, 05/15/31
785
704,662
2.95%, 09/15/51
236
148,233
3.00%, 07/15/50
312
199,544
3.20%, 11/18/29
795
759,033
3.40%, 02/15/52(a)
175
118,673
3.90%, 04/15/32
420
398,165
ERP Operating LP
1.85%, 08/01/31(a)
31
27,213
2.50%, 02/15/30
163
151,605
3.00%, 07/01/29
79
75,604
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
3.50%, 03/01/28
$192
$189,112
4.00%, 08/01/47(a)
32
25,488
4.15%, 12/01/28
103
102,373
4.50%, 06/01/45(a)
55
47,306
Essex Portfolio LP
2.65%, 03/15/32
255
226,014
2.65%, 09/01/50
35
20,501
4.00%, 03/01/29
55
54,178
Extra Space Storage LP
2.35%, 03/15/32
130
112,802
2.40%, 10/15/31
115
101,178
3.88%, 12/15/27
49
48,608
4.00%, 06/15/29
14
13,749
Federal Realty OP LP
3.20%, 06/15/29
671
643,448
3.25%, 07/15/27
360
355,312
3.50%, 06/01/30
685
653,236
4.50%, 12/01/44
203
174,509
5.38%, 05/01/28
655
664,695
GLP Capital LP/GLP Financing II, Inc.
3.25%, 01/15/32
140
125,605
4.00%, 01/15/30
143
137,653
4.00%, 01/15/31
112
105,960
5.30%, 01/15/29
251
252,697
Healthcare Realty Holdings LP
2.00%, 03/15/31
15
13,128
3.10%, 02/15/30
20
18,829
Healthpeak OP LLC
3.00%, 01/15/30
303
285,659
3.50%, 07/15/29(a)
249
240,539
4.75%, 01/15/33
10
9,804
5.38%, 02/15/35
165
166,175
6.75%, 02/01/41
156
170,115
Highwoods Realty LP
3.05%, 02/15/30
87
80,820
4.20%, 04/15/29
72
70,543
7.65%, 02/01/34
110
122,986
Host Hotels & Resorts LP
5.50%, 04/15/35
325
325,321
5.70%, 07/01/34
35
35,702
Series H, 3.38%, 12/15/29
267
253,963
Series I, 3.50%, 09/15/30
290
273,410
Series J, 2.90%, 12/15/31
124
110,728
Invitation Homes Operating Partnership LP
2.00%, 08/15/31
10
8,611
2.70%, 01/15/34
90
75,465
4.15%, 04/15/32
120
114,119
Kilroy Realty LP
2.50%, 11/15/32
357
295,884
3.05%, 02/15/30
245
225,550
4.25%, 08/15/29
391
378,969
4.75%, 12/15/28
55
54,497
Kimco Realty OP LLC
3.70%, 10/01/49
108
79,491
4.13%, 12/01/46
170
137,541
4.25%, 04/01/45(a)
140
116,850
4.45%, 09/01/47
88
73,622
4.60%, 02/01/33
210
207,261
Kite Realty Group Trust, 4.75%, 09/15/30
35
35,036
Mid-America Apartments LP
1.70%, 02/15/31
210
184,073
34

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
2.75%, 03/15/30(a)
$40
$37,517
3.95%, 03/15/29
30
29,584
NNN REIT, Inc.
2.50%, 04/15/30
27
24,927
3.00%, 04/15/52
65
40,506
3.10%, 04/15/50
83
53,308
3.50%, 04/15/51
75
52,403
4.30%, 10/15/28
12
11,947
4.80%, 10/15/48
31
26,926
5.60%, 10/15/33
25
25,692
Omega Healthcare Investors, Inc.
3.25%, 04/15/33(a)
334
295,782
3.38%, 02/01/31
182
168,982
3.63%, 10/01/29
270
259,431
Piedmont Operating Partnership LP
2.75%, 04/01/32
17
14,452
3.15%, 08/15/30
57
52,058
Prologis LP
2.13%, 10/15/50
145
77,545
3.00%, 04/15/50
393
258,200
3.88%, 09/15/28
251
248,245
4.38%, 09/15/48
265
218,989
4.63%, 01/15/33
245
242,415
4.75%, 06/15/33
340
337,502
4.88%, 06/15/28(a)
35
35,368
5.13%, 01/15/34(a)
159
160,669
5.25%, 05/15/35
440
445,882
5.25%, 06/15/53
5
4,728
5.25%, 03/15/54
270
254,661
Public Storage Operating Co.
2.25%, 11/09/31(a)
265
235,268
2.30%, 05/01/31
60
53,938
Realty Income Corp.
1.80%, 03/15/33(a)
235
194,223
2.85%, 12/15/32
325
288,119
3.25%, 06/15/29
5
4,819
3.25%, 01/15/31
115
108,202
3.65%, 01/15/28
45
44,539
4.90%, 07/15/33
65
64,774
5.63%, 10/13/32
380
395,421
Regency Centers LP
2.95%, 09/15/29
119
113,359
4.13%, 03/15/28
90
89,616
4.40%, 02/01/47(a)
158
132,693
4.50%, 03/15/33
35
34,111
4.65%, 03/15/49
117
100,293
5.00%, 07/15/32
35
35,345
5.10%, 01/15/35
60
60,048
Sabra Health Care LP
3.20%, 12/01/31
121
109,818
3.90%, 10/15/29(a)
73
70,742
Simon Property Group LP
2.20%, 02/01/31(a)
170
152,850
2.25%, 01/15/32
240
210,257
2.45%, 09/13/29
180
168,739
2.65%, 07/15/30
80
74,356
2.65%, 02/01/32
155
138,501
3.25%, 09/13/49
391
268,575
3.80%, 07/15/50
51
38,121
4.25%, 10/01/44
190
158,077
4.25%, 11/30/46
156
128,304
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
4.75%, 03/15/42
$165
$149,870
5.50%, 03/08/33
363
376,322
6.75%, 02/01/40
218
245,668
Sun Communities Operating LP, 4.20%, 04/15/32
65
62,322
UDR, Inc.
1.90%, 03/15/33
260
214,025
2.10%, 08/01/32
30
25,443
2.10%, 06/15/33
65
53,876
3.00%, 08/15/31
80
73,470
3.10%, 11/01/34
43
36,834
3.20%, 01/15/30
46
43,832
4.40%, 01/26/29
36
35,892
Ventas Realty LP
2.50%, 09/01/31
184
163,785
3.00%, 01/15/30
172
162,221
4.00%, 03/01/28
101
100,138
4.38%, 02/01/45
100
83,904
4.40%, 01/15/29
206
205,172
4.75%, 11/15/30
275
275,023
4.88%, 04/15/49
185
160,738
5.70%, 09/30/43
106
105,191
VICI Properties LP
4.75%, 02/15/28
457
457,797
4.95%, 02/15/30
284
284,031
5.13%, 05/15/32
440
436,981
5.63%, 05/15/52
195
179,070
6.13%, 04/01/54(a)
60
58,902
Welltower OP LLC
2.05%, 01/15/29
139
130,838
2.75%, 01/15/31
215
198,102
2.75%, 01/15/32
460
414,841
2.80%, 06/01/31
330
303,074
3.10%, 01/15/30
295
280,390
4.13%, 03/15/29
220
218,196
4.25%, 04/15/28(a)
154
153,771
4.95%, 09/01/48
185
169,753
5.13%, 07/01/35
125
125,738
6.50%, 03/15/41
242
267,432
Weyerhaeuser Co.
4.00%, 11/15/29
336
329,011
4.00%, 04/15/30
365
355,343
6.95%, 10/01/27
314
323,228
7.38%, 03/15/32(a)
795
889,410
WP Carey, Inc.
2.25%, 04/01/33
125
104,650
3.85%, 07/15/29
117
114,404
 
65,366,705
Retail — 2.4%
AutoNation, Inc.
3.80%, 11/15/27
156
154,328
3.85%, 03/01/32
141
131,765
4.45%, 01/15/29
100
99,115
4.75%, 06/01/30
314
312,410
5.89%, 03/15/35
745
760,776
AutoZone, Inc.
3.75%, 04/18/29(a)
74
72,484
6.55%, 11/01/33
25
27,139
Best Buy Co., Inc.
1.95%, 10/01/30(a)
2,538
2,261,074
4.45%, 10/01/28(a)
2,394
2,394,180
Costco Wholesale Corp., 1.60%, 04/20/30
73
66,152
35

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Retail (continued)
Darden Restaurants, Inc., 4.55%, 02/15/48(a)
$61
$49,922
Dollar General Corp.
3.50%, 04/03/30
15
14,293
4.13%, 05/01/28
20
19,832
4.13%, 04/03/50
72
55,318
Dollar Tree, Inc.
3.38%, 12/01/51
90
59,723
4.20%, 05/15/28
65
64,635
Ferguson Enterprises, Inc.
4.35%, 03/15/31(a)
75
73,781
5.00%, 10/03/34
1,040
1,032,009
Genuine Parts Co., 6.88%, 11/01/33
50
54,112
Home Depot, Inc.(The)
1.88%, 09/15/31
125
109,559
2.38%, 03/15/51
200
112,779
2.70%, 04/15/30
292
274,565
2.75%, 09/15/51
270
163,982
2.80%, 09/14/27
325
319,767
2.95%, 06/15/29
1,306
1,255,933
3.13%, 12/15/49
252
168,221
3.25%, 04/15/32(a)
610
568,792
3.35%, 04/15/50
247
171,882
3.50%, 09/15/56
366
251,078
3.63%, 04/15/52
230
165,327
3.75%, 09/15/28
95
94,135
3.90%, 12/06/28
953
947,268
3.90%, 06/15/47
333
259,687
3.95%, 09/15/30
120
117,935
4.20%, 04/01/43
326
277,267
4.25%, 04/01/46
428
356,514
4.40%, 03/15/45
353
301,191
4.50%, 09/15/32
405
403,277
4.50%, 12/06/48
377
319,871
4.65%, 09/15/35
125
121,860
4.88%, 02/15/44
362
331,210
4.95%, 06/25/34
430
432,113
4.95%, 09/15/52
90
80,786
5.40%, 09/15/40(a)
357
360,283
5.40%, 06/25/64
205
193,385
5.88%, 12/16/36
836
888,791
5.95%, 04/01/41
225
238,384
Lowe's Companies, Inc.
1.70%, 10/15/30
275
243,255
2.63%, 04/01/31(a)
411
374,827
3.00%, 10/15/50
330
207,372
3.65%, 04/05/29
155
151,587
3.70%, 04/15/46
342
256,094
3.75%, 04/01/32
515
488,047
4.05%, 05/03/47
542
422,648
4.25%, 03/15/31
255
250,236
4.25%, 04/01/52
299
233,583
4.38%, 09/15/45(a)
285
236,197
4.45%, 04/01/62
441
341,621
4.50%, 04/15/30
257
256,836
4.50%, 10/15/32
245
240,164
4.55%, 04/05/49
137
113,303
4.65%, 04/15/42(a)
371
331,434
4.85%, 10/15/35(a)
765
745,878
5.00%, 04/15/33
395
397,567
5.00%, 04/15/40
54
51,342
5.13%, 04/15/50
205
183,446
Security
Par
(000
)
Value
Retail (continued)
5.50%, 10/15/35(a)
$293
$301,280
5.63%, 04/15/53(a)
141
135,303
5.80%, 09/15/62
182
176,854
5.85%, 04/01/63
275
267,982
6.50%, 03/15/29(a)
112
117,895
McDonald's Corp.
2.13%, 03/01/30
148
135,907
2.63%, 09/01/29
31
29,377
3.60%, 07/01/30
15
14,540
3.63%, 09/01/49
359
260,557
3.70%, 02/15/42
29
23,345
3.80%, 04/01/28
25
24,798
4.20%, 04/01/50
192
153,146
4.45%, 03/01/47
218
183,558
4.45%, 09/01/48
117
97,850
4.60%, 05/26/45
244
211,774
4.70%, 12/09/35
30
29,402
4.88%, 07/15/40(a)
153
144,237
4.88%, 12/09/45
527
474,508
5.15%, 09/09/52(a)
115
105,138
5.70%, 02/01/39
80
82,971
6.30%, 10/15/37
277
302,023
6.30%, 03/01/38
202
220,080
O'Reilly Automotive, Inc., 4.20%, 04/01/30
49
48,292
Starbucks Corp.
2.25%, 03/12/30
61
56,044
3.35%, 03/12/50
160
109,073
3.50%, 03/01/28
75
73,961
3.50%, 11/15/50(a)
319
222,725
3.55%, 08/15/29(a)
5
4,877
3.75%, 12/01/47
190
141,376
4.30%, 06/15/45
129
106,293
4.45%, 08/15/49
298
245,114
4.50%, 11/15/48
94
78,179
Target Corp.
2.35%, 02/15/30
156
145,023
2.65%, 09/15/30
50
46,411
3.38%, 04/15/29
242
236,170
3.63%, 04/15/46
411
310,076
3.90%, 11/15/47
52
40,413
4.00%, 07/01/42
475
397,716
4.50%, 09/15/32(a)
261
261,397
6.35%, 11/01/32
460
501,650
6.50%, 10/15/37
327
362,554
7.00%, 01/15/38
205
237,008
TJX Companies, Inc.(The)
3.88%, 04/15/30
50
49,093
4.50%, 04/15/50
219
187,101
Tractor Supply Co.
1.75%, 11/01/30
2,017
1,778,728
5.25%, 05/15/33
2,092
2,102,641
 
33,748,767
Semiconductors — 3.2%
Analog Devices, Inc.
2.10%, 10/01/31
240
211,966
4.25%, 06/15/28
170
169,881
4.50%, 06/15/30
170
169,844
5.05%, 04/01/34
1,160
1,180,267
5.30%, 04/01/54
30
28,754
Applied Materials, Inc.
1.75%, 06/01/30
657
591,630
36

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Semiconductors (continued)
2.75%, 06/01/50
$310
$197,343
4.00%, 01/15/31
115
112,553
4.35%, 04/01/47
336
286,501
4.60%, 01/15/36
275
266,942
4.80%, 06/15/29
598
606,221
5.10%, 10/01/35(a)
981
994,365
5.85%, 06/15/41
287
302,069
Broadcom, Inc.
2.60%, 02/15/33
115
100,296
3.14%, 11/15/35(b)
901
766,852
3.19%, 11/15/36(b)
574
480,393
3.42%, 04/15/33
451
412,113
3.47%, 04/15/34
482
434,067
3.50%, 02/15/41
495
396,155
3.75%, 02/15/51
236
176,763
4.15%, 11/15/30
133
130,697
4.15%, 04/15/32(b)
160
154,598
4.20%, 10/15/30
55
54,157
4.30%, 01/15/31
70
69,168
4.30%, 11/15/32
309
300,106
4.60%, 07/15/30
160
159,967
4.60%, 01/15/33(a)
150
147,740
4.80%, 10/15/34
165
162,301
4.80%, 02/15/36
415
403,753
4.90%, 02/15/38
400
386,245
4.93%, 05/15/37(b)
680
660,374
4.95%, 01/15/36
60
59,258
5.00%, 04/15/30
378
383,381
5.20%, 07/15/35
480
482,403
5.70%, 01/15/56
165
164,511
Intel Corp.
1.60%, 08/12/28
1,054
991,972
2.00%, 08/12/31
286
249,603
2.45%, 11/15/29
235
218,894
3.05%, 08/12/51
376
235,759
3.10%, 02/15/60
147
84,657
3.20%, 08/12/61
48
28,107
3.25%, 11/15/49
388
254,249
3.73%, 12/08/47
293
212,377
3.75%, 08/05/27
618
614,189
3.90%, 03/25/30
152
147,794
4.00%, 08/05/29
350
344,041
4.00%, 12/15/32
390
368,815
4.10%, 05/19/46
191
148,643
4.10%, 05/11/47
148
114,075
4.15%, 08/05/32
110
105,710
4.25%, 12/15/42(a)
137
113,483
4.65%, 06/01/31
520
516,003
4.75%, 03/25/50
544
451,655
4.80%, 10/01/41
310
277,648
4.88%, 02/10/28
181
182,183
4.90%, 07/29/45(a)
385
336,141
4.90%, 08/05/52
245
207,113
4.95%, 03/25/60
184
153,429
5.00%, 08/15/33
530
528,400
5.05%, 08/05/62
127
106,457
5.13%, 02/10/30
225
228,399
5.15%, 02/21/34(a)
415
416,682
5.20%, 02/10/33
890
901,705
5.30%, 05/15/36
485
484,425
5.70%, 02/10/53
359
340,386
Security
Par
(000
)
Value
Semiconductors (continued)
5.90%, 02/10/63
$140
$134,755
6.13%, 05/15/56
575
578,708
6.20%, 05/15/66
425
427,133
KLA Corp.
3.30%, 03/01/50
63
43,497
4.95%, 07/15/52
35
31,705
5.00%, 03/15/49
25
22,927
5.25%, 07/15/62
125
115,354
Lam Research Corp.
1.90%, 06/15/30
1,065
965,165
2.88%, 06/15/50
346
221,397
3.13%, 06/15/60
198
122,174
4.00%, 03/15/29
1,037
1,027,942
4.88%, 03/15/49
259
235,315
Marvell Technology, Inc.
2.95%, 04/15/31
85
78,306
5.30%, 04/15/36
200
200,215
5.95%, 09/15/33
80
84,422
Micron Technology, Inc.
2.70%, 04/15/32
293
262,928
3.48%, 11/01/51
314
223,844
NVIDIA Corp.
2.00%, 06/15/31
1,758
1,574,512
2.85%, 04/01/30(a)
2,324
2,204,777
NXP BV/NXP Funding LLC, 5.55%, 12/01/28
1,890
1,931,804
NXP BV/NXP Funding LLC/NXP USA, Inc.
2.50%, 05/11/31
797
716,153
2.65%, 02/15/32
355
315,364
3.13%, 02/15/42(a)
52
37,744
3.25%, 05/11/41
245
186,028
3.25%, 11/30/51(a)
240
158,842
3.40%, 05/01/30
410
391,303
4.30%, 08/19/28
530
527,918
4.30%, 06/18/29
1,138
1,128,063
4.40%, 06/01/27
255
255,297
4.85%, 08/19/32
75
74,363
5.00%, 01/15/33
529
528,683
5.25%, 08/19/35
495
496,092
Qorvo, Inc., 4.38%, 10/15/29
55
53,906
QUALCOMM, Inc.
4.30%, 05/20/47
285
236,278
4.50%, 05/20/52(a)
265
221,345
4.65%, 05/20/35(a)
210
207,316
4.80%, 05/20/45
256
230,698
6.00%, 05/20/53(a)
190
196,760
Texas Instruments, Inc.
1.75%, 05/04/30
974
880,588
1.90%, 09/15/31
735
646,570
2.25%, 09/04/29
1,078
1,009,764
2.70%, 09/15/51
373
228,290
2.90%, 11/03/27(a)
588
578,623
3.65%, 08/16/32
562
535,348
3.88%, 03/15/39
158
139,323
4.15%, 05/15/48
509
421,715
4.60%, 02/15/28(a)
839
844,686
4.60%, 02/08/29
410
414,501
4.85%, 02/08/34
665
671,032
4.90%, 03/14/33(a)
340
346,155
TSMC Arizona Corp.
2.50%, 10/25/31
466
422,904
3.13%, 10/25/41
20
16,298
37

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Semiconductors (continued)
3.25%, 10/25/51
$332
$250,072
4.13%, 04/22/29
143
142,332
4.25%, 04/22/32
305
302,573
4.50%, 04/22/52
290
270,498
 
45,536,933
Shipbuilding — 0.1%
Huntington Ingalls Industries, Inc.
2.04%, 08/16/28
425
402,522
3.48%, 12/01/27
124
122,201
4.20%, 05/01/30
413
404,247
5.35%, 01/15/30
50
50,972
5.75%, 01/15/35
30
31,072
 
1,011,014
Software — 3.8%
Adobe, Inc.
2.30%, 02/01/30
3,334
3,088,614
4.80%, 04/04/29
25
25,311
4.95%, 04/04/34(a)
525
524,420
5.30%, 01/17/35(a)
355
361,104
Autodesk, Inc.
2.40%, 12/15/31
1,510
1,331,048
2.85%, 01/15/30
930
873,852
3.50%, 06/15/27
1,103
1,093,269
5.30%, 06/15/35
435
434,993
Broadridge Financial Solutions, Inc.
2.60%, 05/01/31
922
824,177
2.90%, 12/01/29
729
683,569
5.75%, 05/15/36
125
125,458
Cadence Design Systems, Inc.
4.20%, 09/10/27
500
499,165
4.30%, 09/10/29
1,160
1,153,154
4.70%, 09/10/34
1,155
1,138,006
Concentrix Corp., 6.85%, 08/02/33(a)
85
77,624
Fidelity National Information Services, Inc.
4.50%, 08/15/46
32
25,950
5.10%, 07/15/32(a)
565
567,009
Fiserv, Inc.
3.50%, 07/01/29(a)
30
28,845
4.40%, 07/01/49
423
324,409
4.55%, 02/15/31
50
48,994
5.25%, 08/11/35(a)
55
53,828
Intuit, Inc.
1.35%, 07/15/27
500
484,529
1.65%, 07/15/30(a)
1,030
915,359
5.13%, 09/15/28
795
807,055
5.20%, 09/15/33(a)
1,335
1,349,935
5.50%, 09/15/53(a)
407
367,398
Microsoft Corp.
2.53%, 06/01/50
471
283,642
2.68%, 06/01/60
446
250,032
2.92%, 03/17/52
815
524,478
3.04%, 03/17/62
210
128,752
3.45%, 08/08/36(a)
543
487,810
3.50%, 02/12/35(a)
1,489
1,384,370
3.50%, 11/15/42
116
93,664
3.95%, 08/08/56
518
396,223
4.00%, 02/12/55(a)
466
362,281
4.10%, 02/06/37(a)
520
493,743
4.20%, 11/03/35(a)
275
268,757
4.25%, 02/06/47
309
264,404
Security
Par
(000
)
Value
Software (continued)
4.45%, 11/03/45
$125
$111,746
4.50%, 10/01/40
155
148,132
4.50%, 02/06/57
391
333,844
5.30%, 02/08/41(a)
230
236,208
Oracle Corp.
2.95%, 04/01/30
125
115,238
3.25%, 05/15/30
192
179,167
3.60%, 04/01/40
525
388,482
3.60%, 04/01/50
765
476,038
3.65%, 03/25/41
565
412,594
3.80%, 11/15/37
207
167,916
3.85%, 07/15/36
434
363,875
3.85%, 04/01/60
812
489,783
3.90%, 05/15/35
462
397,384
3.95%, 03/25/51
649
425,751
4.00%, 07/15/46
791
549,084
4.00%, 11/15/47(a)
565
385,662
4.10%, 03/25/61
429
271,936
4.13%, 05/15/45
481
341,620
4.20%, 09/27/29
105
102,343
4.30%, 07/08/34
630
569,005
4.38%, 05/15/55
462
316,510
4.50%, 07/08/44
285
216,943
4.90%, 02/06/33
240
230,463
5.20%, 09/26/35
450
427,899
5.38%, 07/15/40
530
477,341
5.38%, 09/27/54
535
428,759
5.50%, 08/03/35
5
4,849
5.50%, 09/27/64
530
418,192
5.55%, 02/06/53
356
294,271
5.70%, 02/04/36
1,200
1,179,076
5.88%, 09/26/45
70
62,504
5.95%, 09/26/55
915
800,081
6.00%, 08/03/55(a)
295
257,716
6.10%, 09/26/65
520
447,475
6.13%, 07/08/39
300
295,206
6.13%, 08/03/65
205
177,348
6.25%, 11/09/32
485
502,166
6.50%, 04/15/38
414
424,279
6.55%, 02/04/46
40
38,517
6.70%, 02/04/56
1,010
972,699
6.85%, 02/04/66
330
316,898
6.90%, 11/09/52
455
447,522
Paychex, Inc., 5.60%, 04/15/35(a)
15
15,134
Roper Technologies, Inc., 2.95%, 09/15/29(a)
6
5,684
Salesforce, Inc.
2.70%, 07/15/41
35
24,129
2.90%, 07/15/51
429
253,585
3.70%, 04/11/28
5,036
4,978,689
5.55%, 03/15/36
1,045
1,051,323
6.55%, 03/15/56
510
520,306
6.70%, 03/15/66
425
440,750
ServiceNow, Inc.
1.40%, 09/01/30
2,696
2,367,541
4.25%, 05/15/28(a)
60
59,995
4.70%, 08/15/31(a)
1,080
1,079,699
5.05%, 05/15/33
85
85,376
5.40%, 05/15/36
210
211,608
Series ., 6.30%, 05/15/56(a)
35
36,095
Synopsys, Inc.
4.85%, 04/01/30
940
945,038
38

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Software (continued)
5.00%, 04/01/32
$905
$910,721
5.15%, 04/01/35
1,360
1,357,389
5.70%, 04/01/55
345
336,429
VMware LLC, 4.70%, 05/15/30
796
798,448
Workday, Inc.
3.70%, 04/01/29
828
807,195
3.80%, 04/01/32
850
793,859
 
54,426,746
Telecommunications — 3.6%
America Movil SAB de CV
2.88%, 05/07/30
140
130,457
4.38%, 07/16/42
125
108,374
4.38%, 04/22/49
302
249,225
4.70%, 07/21/32
285
280,998
6.13%, 11/15/37
163
171,180
6.13%, 03/30/40
540
564,909
6.38%, 03/01/35
225
243,486
AT&T, Inc.
3.30%, 02/01/52
390
248,483
3.50%, 09/15/53
1,345
889,345
3.50%, 02/01/61
280
174,111
3.55%, 09/15/55
1,475
962,387
3.65%, 06/01/51
580
399,797
3.65%, 09/15/59
1,221
796,648
3.80%, 12/01/57
1,174
797,388
3.85%, 06/01/60
387
261,889
4.10%, 02/15/28
180
179,268
4.30%, 02/15/30
40
39,624
4.30%, 12/15/42
365
304,027
4.35%, 03/01/29
5
4,987
4.35%, 06/15/45
122
99,031
4.50%, 05/15/35(a)
733
695,682
4.50%, 03/09/48
311
251,534
4.55%, 03/09/49
246
198,617
4.75%, 05/15/46
563
478,520
4.80%, 06/15/44
60
51,932
4.85%, 03/01/39
346
322,772
4.85%, 07/15/45
50
43,498
4.90%, 08/15/37(a)
30
28,830
5.15%, 03/15/42(a)
57
52,501
5.15%, 11/15/46
250
224,361
5.15%, 02/15/50
306
269,261
5.25%, 03/01/37
719
713,163
5.35%, 09/01/40
282
274,303
5.45%, 03/01/47
286
265,521
5.55%, 08/15/41
167
162,665
5.65%, 02/15/47
154
148,216
5.70%, 03/01/57(a)
212
201,263
6.00%, 08/15/40
233
238,378
6.00%, 04/30/56
10
9,817
6.20%, 10/30/56
70
70,437
6.30%, 01/15/38
145
154,189
6.30%, 10/30/66
220
220,846
6.38%, 03/01/41
255
269,821
6.55%, 02/15/39(a)
60
65,165
Bell Telephone Co. of Canada or Bell Canada
3.65%, 08/15/52
60
41,795
4.30%, 07/29/49
43
34,078
4.46%, 04/01/48
68
56,767
Series US-4, 3.65%, 03/17/51
25
17,591
Series US-6, 3.20%, 02/15/52
5
3,223
Security
Par
(000
)
Value
Telecommunications (continued)
British Telecommunications PLC
5.13%, 12/04/28
$497
$502,802
9.63%, 12/15/30
1,516
1,804,816
Cisco Systems, Inc.
4.75%, 02/24/30
100
101,278
5.30%, 02/26/54(a)
409
388,819
5.35%, 02/26/64
75
70,508
5.50%, 01/15/40
684
699,924
5.50%, 02/24/55
50
48,928
5.90%, 02/15/39
732
778,889
Corning, Inc.
4.38%, 11/15/57
378
303,109
4.70%, 03/15/37
40
38,450
5.45%, 11/15/79
80
73,725
Deutsche Telekom International Finance BV,
8.75%, 06/15/30
372
420,709
Juniper Networks, Inc.
3.75%, 08/15/29
72
69,861
5.95%, 03/15/41
140
140,276
Koninklijke KPN NV, 8.38%, 10/01/30
2,771
3,165,508
Motorola Solutions, Inc.
2.30%, 11/15/30
75
67,752
4.60%, 02/23/28
264
265,092
4.60%, 05/23/29
282
282,423
5.55%, 08/15/35
120
122,502
5.60%, 06/01/32
105
108,495
Nokia OYJ
4.38%, 06/12/27
1,835
1,828,205
6.63%, 05/15/39
188
199,641
Orange SA
5.38%, 01/13/42
238
230,933
5.50%, 02/06/44
191
186,910
9.00%, 03/01/31
1,002
1,176,982
Rogers Communications, Inc.
3.70%, 11/15/49
324
234,173
4.30%, 02/15/48
290
228,146
4.35%, 05/01/49(a)
245
193,746
4.50%, 03/15/43(a)
149
124,257
4.55%, 03/15/52
204
162,108
5.00%, 03/15/44
287
254,896
5.45%, 10/01/43
200
187,038
7.50%, 08/15/38
274
312,341
Sprint Capital Corp., 8.75%, 03/15/32
275
326,005
Telefonica Emisiones SA
4.67%, 03/06/38
75
68,454
4.90%, 03/06/48
213
180,687
5.21%, 03/08/47
519
461,157
5.52%, 03/01/49
165
151,544
7.05%, 06/20/36
614
680,877
Telefonica Europe BV, 8.25%, 09/15/30
426
480,480
TELUS Corp.
3.70%, 09/15/27
821
812,758
4.60%, 11/16/48(a)
20
16,702
T-Mobile USA, Inc.
2.63%, 02/15/29
60
57,153
2.88%, 02/15/31
540
497,948
3.00%, 02/15/41(a)
210
156,144
3.30%, 02/15/51
811
536,480
3.40%, 10/15/52
655
435,151
3.50%, 04/15/31
910
862,100
3.60%, 11/15/60
669
440,308
39

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Telecommunications (continued)
3.88%, 04/15/30(a)
$537
$522,568
4.38%, 04/15/40
360
319,360
4.50%, 04/15/50
913
744,284
5.20%, 01/15/33
104
105,768
5.65%, 01/15/53
225
214,453
5.80%, 09/15/62
216
209,899
Verizon Communications, Inc.
2.36%, 03/15/32
505
443,381
2.55%, 03/21/31
395
360,377
2.65%, 11/20/40(a)
430
305,835
2.88%, 11/20/50
473
292,418
2.99%, 10/30/56
832
493,533
3.00%, 11/20/60(a)
542
315,471
3.15%, 03/22/30
25
23,817
3.40%, 03/22/41
35
27,242
3.55%, 03/22/51
752
528,911
3.70%, 03/22/61(a)
816
551,747
3.85%, 11/01/42
208
167,727
3.88%, 02/08/29
57
56,371
4.00%, 03/22/50
60
45,995
4.02%, 12/03/29
119
117,294
4.13%, 08/15/46(a)
210
168,824
4.27%, 01/15/36(a)
953
883,655
4.33%, 09/21/28(a)
121
121,013
4.40%, 11/01/34
716
682,042
4.50%, 08/10/33
772
750,570
4.52%, 09/15/48
510
423,811
4.67%, 03/15/55
405
333,740
4.75%, 11/01/41
306
276,305
4.81%, 03/15/39
437
409,605
4.86%, 08/21/46
752
662,713
5.00%, 01/15/36
45
44,166
5.01%, 04/15/49
208
183,501
5.01%, 08/21/54
390
340,344
5.25%, 03/16/37
841
835,503
5.40%, 07/02/37
74
74,257
5.50%, 03/16/47(a)
552
529,112
5.85%, 09/15/35
150
157,488
5.88%, 11/30/55
290
285,141
6.00%, 11/30/65
645
635,569
6.40%, 09/15/33
135
146,359
6.55%, 09/15/43
335
362,507
7.75%, 12/01/30
140
157,078
Vodafone Group PLC
4.25%, 09/17/50
266
206,350
4.38%, 02/19/43
350
295,933
4.88%, 06/19/49
399
341,792
5.00%, 05/30/38(a)
140
137,047
5.25%, 05/30/48
578
524,843
6.15%, 02/27/37
287
308,372
6.25%, 11/30/32
407
434,487
7.88%, 02/15/30
641
711,112
 
50,677,240
Toys, Games & Hobbies — 0.2%
Hasbro, Inc.
3.50%, 09/15/27
627
619,658
3.90%, 11/19/29
1,155
1,126,116
4.65%, 03/12/31(a)
35
34,612
6.05%, 05/14/34
464
484,944
6.35%, 03/15/40
45
47,028
Security
Par
(000
)
Value
Toys, Games & Hobbies (continued)
Mattel, Inc., 5.45%, 11/01/41
$35
$32,129
 
2,344,487
Transportation — 2.0%
Burlington Northern Santa Fe LLC
3.05%, 02/15/51
369
240,083
3.55%, 02/15/50
323
234,049
3.90%, 08/01/46
160
126,066
4.05%, 06/15/48
225
178,973
4.13%, 06/15/47
205
166,533
4.15%, 12/15/48
224
181,129
4.38%, 09/01/42
18
15,820
4.40%, 03/15/42
10
8,870
4.70%, 09/01/45
118
105,277
4.90%, 04/01/44
30
27,797
4.95%, 09/15/41
15
14,364
5.05%, 03/01/41(a)
45
43,921
5.40%, 06/01/41
45
45,266
5.75%, 05/01/40
56
58,469
6.15%, 05/01/37
30
32,796
6.20%, 08/15/36
20
21,872
Canadian National Railway Co.
2.45%, 05/01/50
527
309,603
3.20%, 08/02/46
471
334,388
3.65%, 02/03/48
479
360,432
4.35%, 05/12/29
75
74,827
4.45%, 01/20/49
315
267,048
4.75%, 11/12/35(a)
75
73,818
4.95%, 05/12/36
100
99,533
6.20%, 06/01/36
233
252,987
6.25%, 08/01/34
223
243,281
6.38%, 11/15/37
252
278,682
6.90%, 07/15/28(a)
60
63,101
Canadian Pacific Railway Co.
2.05%, 03/05/30
117
106,882
3.10%, 12/02/51
688
449,105
4.00%, 06/01/28
20
19,849
4.20%, 11/15/69
159
118,417
4.80%, 09/15/35
153
151,149
4.80%, 08/01/45
195
175,369
5.95%, 05/15/37
76
80,649
6.13%, 09/15/2115
226
233,706
7.13%, 10/15/31
87
96,409
CH Robinson Worldwide, Inc., 4.20%, 04/15/28
2,894
2,873,307
CSX Corp.
2.40%, 02/15/30
298
276,661
3.25%, 06/01/27
10
9,905
3.35%, 09/15/49
199
139,250
3.80%, 03/01/28
53
52,580
3.80%, 11/01/46
301
233,042
3.80%, 04/15/50
198
149,992
3.95%, 05/01/50
274
211,613
4.10%, 03/15/44
233
193,508
4.25%, 03/15/29
273
271,906
4.25%, 11/01/66
297
226,100
4.30%, 03/01/48
309
254,723
4.40%, 03/01/43
194
169,928
4.50%, 03/15/49
188
157,994
4.50%, 08/01/54
222
184,986
4.65%, 03/01/68
80
65,692
4.75%, 05/30/42
169
155,370
4.75%, 11/15/48
214
189,694
40

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Transportation (continued)
5.50%, 04/15/41
$168
$169,197
6.00%, 10/01/36(a)
121
129,636
6.15%, 05/01/37
250
270,086
6.22%, 04/30/40
150
162,412
FedEx Corp.
3.10%, 08/05/29
159
152,261
3.25%, 05/15/41
30
22,760
4.25%, 05/15/30
93
91,839
4.75%, 11/15/45
308
264,205
4.95%, 10/17/48
5
4,406
5.25%, 05/15/50(a)
200
184,732
GXO Logistics, Inc.
2.65%, 07/15/31
667
591,357
6.50%, 05/06/34
40
41,845
Norfolk Southern Corp.
2.55%, 11/01/29
163
153,146
2.90%, 08/25/51
220
136,914
3.16%, 05/15/55
250
159,555
3.40%, 11/01/49
214
148,880
3.70%, 03/15/53
125
89,451
3.80%, 08/01/28
360
355,886
3.94%, 11/01/47
359
279,266
3.95%, 10/01/42
183
150,276
4.05%, 08/15/52
455
350,086
4.10%, 05/15/49
131
102,600
4.10%, 05/15/2121
168
115,941
4.15%, 02/28/48
263
211,869
4.45%, 06/15/45
148
127,146
4.65%, 01/15/46
153
134,135
4.84%, 10/01/41(a)
308
286,443
5.10%, 08/01/2118
95
81,700
Ryder System, Inc.
4.30%, 06/15/27
63
62,936
4.30%, 12/01/30(a)
840
826,136
4.85%, 06/15/30
125
125,902
4.90%, 12/01/29
35
35,288
4.95%, 09/01/29
590
596,492
5.00%, 03/15/30
595
602,487
5.25%, 06/01/28
1,043
1,058,194
5.38%, 03/15/29
145
148,168
5.50%, 06/01/29
367
376,099
5.65%, 03/01/28(a)
475
484,833
6.30%, 12/01/28
530
551,541
6.60%, 12/01/33
1,168
1,278,347
Union Pacific Corp.
2.95%, 03/10/52
210
133,133
2.97%, 09/16/62
247
144,392
3.25%, 02/05/50
519
356,795
3.35%, 08/15/46
308
221,331
3.38%, 02/01/35(a)
100
89,282
3.50%, 02/14/53
264
185,757
3.55%, 08/15/39
55
46,393
3.55%, 05/20/61
139
93,644
3.60%, 09/15/37
15
13,183
3.75%, 02/05/70
260
176,186
3.80%, 10/01/51
391
293,250
3.80%, 04/06/71(a)
216
148,600
3.84%, 03/20/60
331
238,631
3.85%, 02/14/72(a)
142
98,675
3.88%, 02/01/55
258
191,819
3.95%, 09/10/28
20
19,864
Security
Par
(000
)
Value
Transportation (continued)
3.95%, 08/15/59
$273
$200,819
4.00%, 04/15/47
158
125,006
4.05%, 11/15/45
202
163,269
4.05%, 03/01/46(a)
270
217,931
4.10%, 09/15/67
256
188,477
4.30%, 03/01/49
253
207,905
4.50%, 09/10/48
268
226,120
6.63%, 02/01/29
58
61,400
United Parcel Service, Inc.
2.50%, 09/01/29
35
33,021
3.40%, 03/15/29
27
26,338
3.40%, 11/15/46
197
141,392
3.40%, 09/01/49(a)
317
222,711
3.63%, 10/01/42
146
115,627
3.75%, 11/15/47
450
341,119
4.25%, 03/15/49
336
271,480
4.45%, 04/01/30
117
117,398
4.88%, 11/15/40
393
373,064
5.20%, 04/01/40(a)
215
212,739
5.30%, 04/01/50
200
189,116
6.20%, 01/15/38
744
807,931
 
28,915,022
Trucking & Leasing — 0.2%
GATX Corp.
1.90%, 06/01/31
15
13,087
3.10%, 06/01/51
212
134,808
3.50%, 03/15/28
84
82,564
3.50%, 06/01/32
260
240,455
4.55%, 11/07/28(a)
128
127,817
4.70%, 04/01/29
158
158,357
4.90%, 03/15/33(a)
375
373,592
5.20%, 03/15/44(a)
142
131,009
5.45%, 09/15/33
285
289,037
5.50%, 06/15/35
65
65,716
6.05%, 03/15/34
522
549,757
6.05%, 06/05/54(a)
485
489,896
6.90%, 05/01/34
417
459,947
 
3,116,042
Water — 0.2%
American Water Capital Corp.
2.80%, 05/01/30
116
108,724
2.95%, 09/01/27
28
27,574
3.45%, 06/01/29(a)
25
24,290
3.45%, 05/01/50
437
306,526
3.75%, 09/01/28
124
122,316
3.75%, 09/01/47
129
97,968
4.00%, 12/01/46
226
177,556
4.15%, 06/01/49
296
233,806
4.20%, 09/01/48
289
231,978
4.30%, 12/01/42
122
105,892
6.59%, 10/15/37
237
265,748
Essential Utilities, Inc.
2.70%, 04/15/30
149
138,470
3.35%, 04/15/50
281
189,253
3.57%, 05/01/29
109
105,787
4.28%, 05/01/49
318
253,380
5.13%, 03/15/36
50
49,240
5.30%, 05/01/52
287
262,091
41

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Water (continued)
United Utilities PLC, 6.88%, 08/15/28
$73
$76,373
 
2,776,972
Total Long-Term Investments — 98.6%
(Cost: $1,479,766,605)
1,403,495,146
 
Shares
 
Short-Term Securities
Money Market Funds — 7.7%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 3.76%(e)(f)(g)
108,499,687
108,532,237
BlackRock Cash Funds: Treasury, SL Agency
Shares, 3.58%(e)(f)
1,930,000
1,930,000
Total Short-Term Securities — 7.7%
(Cost: $110,440,892)
110,462,237
Total Investments — 106.3%
(Cost: $1,590,207,497)
1,513,957,383
Liabilities in Excess of Other Assets — (6.3)%
(90,341,091
)
Net Assets — 100.0%
$1,423,616,292
(a)
All or a portion of this security is on loan.
(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)
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.
(d)
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.
(e)
Affiliate of the Fund.
(f)
Annualized 7-day yield as of period end.
(g)
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
$101,198,992
$7,354,817
(a)
$
$(10,195
)
$(11,377
)
$108,532,237
108,499,687
$62,406
(b)
$
BlackRock Cash Funds: Treasury, SL
Agency Shares
8,610,000
(6,680,000
)(a)
1,930,000
1,930,000
36,019
 
 
 
 
$(10,195)
$(11,377)
$110,462,237
 
$98,425
$
(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.
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
42

Schedule of Investments (unaudited)(continued)
May 31, 2026
iShares® ESG Aware USD Corporate Bond ETF
Fair Value Hierarchy as of Period End (continued)
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
Corporate Bonds & Notes
$
$1,403,495,146
$
$1,403,495,146
Short-Term Securities
Money Market Funds
110,462,237
110,462,237
 
$110,462,237
$1,403,495,146
$
$1,513,957,383
Portfolio Abbreviation
CME
Chicago Mercantile Exchange
CMT
Constant Maturity Treasury
REIT
Real Estate Investment Trust
SOFR
Secured Overnight Financing Rate
43