Security
Shares
Value
a
Investment
Companies
(a)
Domestic
Fixed
Income
—
99
.9
%
iShares
iBonds
Dec
2027
Term
Corporate
ETF
.....
730,482
$
17,677,664
iShares
iBonds
Dec
2028
Term
Corporate
ETF
.....
700,687
17,653,809
iShares
iBonds
Dec
2029
Term
Corporate
ETF
.....
763,910
17,623,404
iShares
iBonds
Dec
2030
Term
Corporate
ETF
.....
811,570
17,538,028
iShares
iBonds
Dec
2031
Term
Corporate
ETF
.....
848,954
17,505,431
87,998,336
a
Total
Long-Term
Investments — 99.9%
(Cost:
$
88,694,086
)
.................................
87,998,336
Security
Shares
Value
a
Short-Term
Securities
Money
Market
Funds
—
0
.1
%
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
3.65
%
(a)
(b)
............................
90,572
$
90,572
a
Total
Short-Term
Securities — 0.1%
(Cost:
$
90,572
)
....................................
90,572
Total
Investments
—
100.0%
(Cost:
$
88,784,658
)
.................................
88,088,908
Other
Assets
Less
Liabilities
—
0
.0
%
.....................
190
Net
Assets
—
100.0%
.................................
$
88,089,098
(a)
Affiliate
of
the
Fund.
(b)
Annualized
7-day
yield
as
of
period
end.
Affiliates
Investments
in
issuers
considered
to
be
affiliate(s)
of
the
Fund
during
the
period
ended
July
31,
2026
for
purposes
of
Section
2(a)(3)
of
the
Investment
Company
Act
of
1940,
as
amended,
were
as
follows:
Affiliated
Issuer
Value
at
10/31/25
Purchases
at
Cost
Proceeds
from
Sale
s
Net
Realized
Gain
(Loss)
Change
in
Unrealized
Appreciation
(Depreciation)
Value
at
07/31/26
Shares
Held
at
07/31/26
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
(a)
$
—
$
181
(b)
$
—
$
(
181
)
$
—
$
—
—
$
1,693
(c)
$
—
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
9,677
80,895
(b)
—
—
—
90,572
90,572
1,980
—
iShares
iBonds
Dec
2026
Term
Corporate
ETF
(a)
.
2,019,373
18,158,880
(
20,185,993
)
22,345
(
14,605
)
—
—
252,754
—
iShares
iBonds
Dec
2027
Term
Corporate
ETF
..
2,021,263
18,864,840
(
3,171,366
)
(
5,937
)
(
31,136
)
17,677,664
730,482
325,699
—
iShares
iBonds
Dec
2028
Term
Corporate
ETF
..
2,023,094
18,847,354
(
3,079,989
)
(
17,175
)
(
119,475
)
17,653,809
700,687
339,437
—
iShares
iBonds
Dec
2029
Term
Corporate
ETF
..
2,026,381
18,885,443
(
3,077,034
)
(
23,529
)
(
187,857
)
17,623,404
763,910
349,507
—
iShares
iBonds
Dec
2030
Term
Corporate
ETF
..
2,029,808
18,881,874
(
3,053,180
)
(
37,765
)
(
282,709
)
17,538,028
811,570
345,736
—
iShares
iBonds
Dec
2031
Term
Corporate
ETF
..
—
17,688,630
—
—
(
183,199
)
17,505,431
848,954
65,631
—
$
—
$
(
62,242
)
$
(
818,981
)
$
88,088,908
$
1,682,437
$
—
(a)
As
of
period
end,
the
entity
is
no
longer
held.
(b)
Represents
net
amount
purchased
(sold).
(c)
All
or
a
portion
represents
securities
lending
income
earned
from
the
reinvestment
of
cash
collateral
from
loaned
securities,
net
of
collateral
investment
fees,
and
other
payments
to
and
from
borrowers
of
securities.