July 31, 2026
 
2026 Quarterly Report
(Unaudited)
 
BlackRock ETF Trust
• iShares Systematic Alternatives Active ETF | IALT | NASDAQ
 
 
 
Not FDIC Insured • May Lose Value • No Bank Guarantee

Consolidated Schedule of Investments (unaudited)
July 31, 2026
iShares Systematic Alternatives Active ETF
(Percentages shown are based on Net Assets)
 
Security
Shares
Value
Common Stocks
Diversified Telecommunication Services — 0.2%
Space Exploration Technologies Corp., Class A(a)(b)
76,383
$8,277,626
Total Common Stocks — 0.2%
(Cost $10,274,187)
8,277,626
Grantor Trust
Financial Services — 0.0%
iShares Bitcoin Trust ETF(a)
14,216
506,658
Total Grantor Trust — 0.0%
(Cost $506,622)
506,658
Investment Companies
Domestic Equity — 0.0%
iShares Ethereum Trust ETF(a)
38,217
537,713
Total Investment Companies — 0.0%
(Cost $503,351)
537,713
Total Long-Term Investments — 0.2%
(Cost: $11,284,160)
9,321,997
 
Par
(000
)
 
Short-Term Securities
U.S. Treasury Obligations — 91.2%
U.S. Treasury Bills
3.63%, 09/03/26(c)
116,259
115,894,464
3.66%, 08/13/26(c)
150,000
149,849,791
3.68%, 08/04/26(c)
85,645
85,636,124
3.68%, 08/11/26(c)
100,000
99,919,852
3.70%, 10/22/26(c)
100,528
99,705,566
3.71%, 08/20/26(c)
100,000
99,829,528
3.71%, 04/15/27(c)
1,124,538
1,094,175,894
Security
Par
(000)
Value
U.S. Treasury Obligations (continued)
3.75%, 09/22/26(c)
100,000
$99,488,389
3.75%, 10/06/26(c)
68,073
67,629,786
3.76%, 09/24/26(b)(c)
105,682
105,117,907
3.76%, 10/01/26(c)
101,019
100,411,134
3.77%, 10/08/26(c)
150,000
148,989,145
3.85%, 10/20/26(c)
715,039
709,347,587
4.00%, 08/06/26(c)
66,713
66,692,486
4.00%, 08/18/26(c)
100,000
99,849,687
4.00%, 08/25/26(c)
138,435
138,130,742
4.00%, 09/10/26(c)
230,000
229,118,716
4.00%, 09/15/26(c)
150,000
149,350,072
4.00%, 09/17/26(c)
212,600
211,627,993
4.00%, 10/15/26(c)
50,000
49,626,666
4.00%, 11/05/26(b)(c)
150,000
148,546,760
4.00%, 11/10/26(c)
14,665
14,515,622
4.00%, 11/17/26(c)
64,435
63,725,230
4.00%, 11/19/26(c)
50,000
49,442,060
4.00%, 12/10/26(c)
50,000
49,326,405
4.00%, 12/17/26(c)
50,000
49,290,722
4.00%, 01/14/27(c)
121,651
119,557,025
4.00%, 01/21/27(c)
140,590
138,038,433
4.00%, 02/18/27(b)(c)
86,244
84,450,947
4.00%, 03/18/27(b)(c)
86,126
84,087,154
4.00%, 05/13/27(c)
155,005
150,369,904
Total Short-Term Securities — 91.2%
(Cost: $4,871,772,088)
4,871,741,791
Total Investments — 91.4%
(Cost: $4,883,056,248)
4,881,063,788
Other Assets Less Liabilities — 8.6%
461,645,286
Net Assets — 100.0%
$5,342,709,074
 
(a)
Non-income producing security.
(b)
All or a portion of this security is on loan.
(c)
Rates are discount rates or a range of discount rates 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
04/30/26
Purchases
at Cost
Proceeds
from Sales
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: Treasury, SL Agency Shares(a)
$—
$—
$0
(b)
$—
$—
$—
—
$146,889
$—
 
(a)
As of period end, the entity is no longer held.
(b)
Represents net amount purchased (sold).
1 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Derivative Financial Instruments Outstanding as of Period End
Futures Contracts 
Description
Number of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long Contracts
 
 
WTI Crude Oil(a)
525
08/20/26
$44,452
$5,082,323
CAC 40 Index
460
08/21/26
45,329
880,365
IFSC Nifty 50 Index
2,764
08/25/26
135,099
2,940,931
Natural Gas(a)
1,236
08/27/26
33,953
(3,132,143
)
Brent Crude Oil(a)
884
08/28/26
77,730
(216,807
)
FTSE China A50 Index
754
08/28/26
11,160
(3,157
)
NY Harbor ULSD(a)
77
08/31/26
13,245
685,809
Low Sulphur Gasoil(a)
257
09/10/26
31,624
2,995,179
TOPIX Index
322
09/10/26
79,575
(1,580,052
)
10-Year Japanese Government Treasury Bonds
129
09/14/26
103,026
(486,822
)
LME Copper(a)
443
09/14/26
153,180
2,029,344
LME PRI Aluminum(a)
488
09/14/26
38,899
677,823
S&P/TSE 60 Index
1,567
09/17/26
466,014
4,676,905
10-Year Canadian Bonds
2,693
09/18/26
228,180
(2,180,050
)
E-Mini NASDAQ 100
12
09/18/26
6,817
103,266
E-Mini Russell 2000 Index
759
09/18/26
111,497
(2,011,637
)
FTSE/MIB Index
2
09/18/26
604
(185
)
MSCI Hong Kong Index
477
09/18/26
40,131
2,299,846
S&P 500 E-Mini Index
1,631
09/18/26
613,195
(488,166
)
Long Gilt
1,449
09/28/26
168,905
(1,727,493
)
Soybean(a)
1,630
11/13/26
96,781
1,434,218
Gold 100 OZ(a)
427
12/29/26
175,369
1,267,261
 
 
 
13,246,758
Short Contracts
 
 
CBOE Volatility Index
3,023
08/19/26
54,730
2,138,610
CME Bitcoin Index(a)
1
08/28/26
316
10,166
CME Ether Index(a)
5
08/28/26
468
20,665
Gasline RBOB(a)
178
08/31/26
23,282
(112,345
)
Euro-Bond
83
09/08/26
11,903
67,175
Australian 10-Year Treasury Bonds
449
09/15/26
34,160
(142,529
)
FTSE/JSE Top 40 Index
22
09/17/26
1,374
68,506
SPI 200 Index
1,768
09/17/26
278,139
(4,080,730
)
DAX Index
200
09/18/26
148,237
(3,446,899
)
FTSE 100 Index
269
09/18/26
39,426
(341,200
)
10-Year U.S. Treasury Notes
3,242
09/21/26
350,845
3,647,850
Silver(a)
15
09/28/26
4,334
(25,300
)
Corn(a)
787
12/14/26
18,258
437,631
 
 
 
(1,758,400
)
 
 
 
$11,488,358
 
(a)
All or a portion of the security is held by a wholly-owned subsidiary.
Forward Foreign Currency Exchange Contracts 
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
AUD
159,209,000
USD
110,030,025
Citibank N.A.
09/16/26
$1,913,100
AUD
49,168,000
USD
34,008,807
HSBC Bank PLC
09/16/26
562,226
AUD
108,623,000
USD
75,403,093
JPMorgan Chase Bank N.A.
09/16/26
971,974
AUD
195,862,000
USD
136,468,515
Morgan Stanley & Co. International PLC
09/16/26
1,246,090
BRL
2,053,606,000
USD
387,719,675
Goldman Sachs International
09/16/26
13,196,285
 
2

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Forward Foreign Currency Exchange Contracts (continued)
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
BRL
340,764,000
USD
65,481,643
HSBC Bank PLC
09/16/26
$1,044,130
CAD
5,163,000
USD
3,644,036
Barclays Bank PLC
09/16/26
45,821
CAD
373,203,000
USD
264,771,592
Citibank N.A.
09/16/26
1,946,511
CAD
29,085,000
USD
20,760,735
Goldman Sachs International
09/16/26
25,529
CAD
125,392,000
USD
88,777,774
HSBC Bank PLC
09/16/26
836,501
CAD
96,399,000
USD
68,314,545
Morgan Stanley & Co. International PLC
09/16/26
579,217
CNY
3,034,830,000
USD
447,447,707
HSBC Bank PLC
09/16/26
1,277,275
EUR
219,453,213
CHF
201,796,000
Barclays Bank PLC
09/16/26
2,714,669
EUR
7,762,942
CHF
7,160,000
BNP Paribas SA
09/16/26
69,106
EUR
6,330,222
CHF
5,875,000
Citibank N.A.
09/16/26
11,064
EUR
153,890,549
CHF
140,788,000
Goldman Sachs International
09/16/26
2,799,050
EUR
2,667,114
CHF
2,427,000
HSBC Bank PLC
09/16/26
64,704
EUR
98,541,804
CHF
90,443,000
JPMorgan Chase Bank N.A.
09/16/26
1,430,400
EUR
1,828,958
CHF
1,675,000
Merrill Lynch, Pierce, Fenner & Smith
09/16/26
31,075
EUR
11,540,721
CHF
10,571,000
Morgan Stanley & Co. International PLC
09/16/26
193,904
EUR
1,345,521
PLN
5,788,000
BNP Paribas SA
09/16/26
4,927
EUR
54,988,433
SEK
598,794,000
Goldman Sachs International
09/16/26
490,948
EUR
45,134,000
USD
51,526,825
Barclays Bank PLC
09/16/26
607,986
EUR
3,247,000
USD
3,721,732
BNP Paribas SA
09/16/26
28,916
EUR
74,437,000
USD
84,808,977
HSBC Bank PLC
09/16/26
1,174,071
EUR
1,225,000
USD
1,404,151
Societe Generale
09/16/26
10,861
GBP
257,933,000
USD
343,334,625
Barclays Bank PLC
09/16/26
4,286,803
GBP
200,603,000
USD
266,790,599
HSBC Bank PLC
09/16/26
3,566,049
GBP
113,238,000
USD
151,527,958
Morgan Stanley & Co. International PLC
09/16/26
1,085,145
INR
5,288,220,000
USD
54,821,656
HSBC Bank PLC
09/16/26
395,192
INR
7,953,628,000
USD
82,641,898
JPMorgan Chase Bank N.A.
09/16/26
405,758
INR
178,947,000
USD
1,862,084
Societe Generale
09/16/26
6,388
JPY
3,363,681,000
USD
20,823,040
Bank of America N.A.
09/16/26
389,456
JPY
1,115,717,000
USD
6,919,819
BNP Paribas SA
09/16/26
116,265
JPY
7,702,550,000
USD
47,775,337
Citibank N.A.
09/16/26
799,517
JPY
2,240,976,000
USD
13,742,965
Deutsche Bank AG
09/16/26
389,378
JPY
5,063,301,000
USD
31,423,610
HSBC Bank PLC
09/16/26
507,257
JPY
2,907,944,000
USD
18,082,175
JPMorgan Chase Bank N.A.
09/16/26
256,291
JPY
26,811,462,000
USD
167,703,022
Morgan Stanley & Co. International PLC
09/16/26
1,379,014
JPY
1,063,042,000
USD
6,689,901
Societe Generale
09/16/26
13,997
KRW
8,453,559,000
USD
5,629,039
Bank of America N.A.
09/16/26
231,588
KRW
26,033,812,000
USD
17,256,308
Barclays Bank PLC
09/16/26
792,240
KRW
3,734,892,000
USD
2,407,666
BNP Paribas SA
09/16/26
181,635
KRW
55,901,145,000
USD
36,507,702
Citibank N.A.
09/16/26
2,247,072
KRW
16,666,266,000
USD
11,213,862
Deutsche Bank AG
09/16/26
340,416
KRW
47,384,922,000
USD
31,184,409
Goldman Sachs International
09/16/26
1,666,294
KRW
17,176,020,000
USD
11,047,946
HSBC Bank PLC
09/16/26
859,731
KRW
20,292,549,000
USD
13,305,543
JPMorgan Chase Bank N.A.
09/16/26
762,741
KRW
20,511,065,000
USD
13,297,330
Morgan Stanley & Co. International PLC
09/16/26
922,445
NOK
50,906,000
EUR
4,607,229
Bank of America N.A.
09/16/26
46,019
NOK
488,992,000
EUR
43,616,382
Barclays Bank PLC
09/16/26
1,180,927
NOK
917,322,075
EUR
82,247,482
Citibank N.A.
09/16/26
1,723,797
NOK
584,680,925
EUR
53,053,213
Goldman Sachs International
09/16/26
370,439
NOK
106,945,000
EUR
9,551,894
HSBC Bank PLC
09/16/26
243,521
NOK
870,846,000
EUR
77,281,671
JPMorgan Chase Bank N.A.
09/16/26
2,559,101
NZD
24,273,000
USD
14,071,131
Bank of America N.A.
09/16/26
245,392
NZD
5,641,000
USD
3,307,904
Barclays Bank PLC
09/16/26
19,229
NZD
288,889,000
USD
166,490,028
Citibank N.A.
09/16/26
3,900,360
3 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Forward Foreign Currency Exchange Contracts (continued)
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
NZD
16,584,000
USD
9,667,076
Goldman Sachs International
09/16/26
$114,377
NZD
108,349,000
USD
63,011,955
HSBC Bank PLC
09/16/26
893,657
NZD
60,092,000
USD
34,490,940
JPMorgan Chase Bank N.A.
09/16/26
952,082
NZD
305,704,000
USD
176,778,220
Morgan Stanley & Co. International PLC
09/16/26
3,529,869
SEK
823,681,000
EUR
74,926,932
Citibank N.A.
09/16/26
148,631
SEK
110,252,000
EUR
10,011,562
Goldman Sachs International
09/16/26
40,245
SEK
1,910,117,000
EUR
173,032,311
JPMorgan Chase Bank N.A.
09/16/26
1,180,183
SGD
19,877,000
USD
15,457,416
Goldman Sachs International
09/16/26
89,564
SGD
65,580,000
USD
51,106,292
HSBC Bank PLC
09/16/26
187,714
SGD
30,810,000
USD
24,069,180
JPMorgan Chase Bank N.A.
09/16/26
29,147
TWD
72,124,000
USD
2,230,324
HSBC Bank PLC
09/16/26
5,875
USD
198,795,696
AUD
282,681,000
Barclays Bank PLC
09/16/26
36,866
USD
69,584,348
AUD
98,923,000
HSBC Bank PLC
09/16/26
29,550
USD
23,321,731
AUD
32,805,000
JPMorgan Chase Bank N.A.
09/16/26
255,860
USD
19,484,314
AUD
27,648,000
Morgan Stanley & Co. International PLC
09/16/26
44,436
USD
2,805,119
AUD
3,974,000
UBS AG
09/16/26
10,918
USD
52,456,454
CAD
73,020,000
Citibank N.A.
09/16/26
271,033
USD
3,766,055
CAD
5,259,000
HSBC Bank PLC
09/16/26
7,590
USD
148,533,158
CAD
206,038,000
Morgan Stanley & Co. International PLC
09/16/26
1,283,365
USD
3,704,320
CNY
25,031,000
Citibank N.A.
09/16/26
3,278
USD
13,074,280
CNY
88,288,000
HSBC Bank PLC
09/16/26
20,162
USD
243,266,055
CNY
1,643,992,000
UBS AG
09/16/26
188,096
USD
22,141,385
EUR
19,100,000
Barclays Bank PLC
09/16/26
78,752
USD
16,777,672
EUR
14,482,000
Citibank N.A.
09/16/26
49,345
USD
31,207,758
EUR
26,844,000
HSBC Bank PLC
09/16/26
199,940
USD
7,331,410
EUR
6,296,000
Morgan Stanley & Co. International PLC
09/16/26
58,827
USD
9,971,035
INR
947,689,000
Barclays Bank PLC
09/16/26
75,758
USD
5,561,359
INR
532,603,000
Citibank N.A.
09/16/26
195
USD
38,729,997
INR
3,693,910,000
Goldman Sachs International
09/16/26
160,106
USD
10,198,870
INR
973,217,000
JPMorgan Chase Bank N.A.
09/16/26
37,044
USD
4,724,957
SGD
6,028,000
Citibank N.A.
09/16/26
10,101
USD
2,040,908
TWD
65,646,000
Bank of America N.A.
09/16/26
5,558
USD
3,814,127
TWD
122,324,000
Deutsche Bank AG
09/16/26
21,480
USD
1,867,186
TWD
60,185,000
HSBC Bank PLC
09/16/26
1,154
USD
34,838,785
TWD
1,121,470,000
JPMorgan Chase Bank N.A.
09/16/26
67,687
USD
30,182,574
ZAR
499,824,000
Bank of America N.A.
09/16/26
30,524
USD
13,732,019
ZAR
225,777,530
Barclays Bank PLC
09/16/26
111,914
USD
4,635,267
ZAR
75,879,000
BNP Paribas SA
09/16/26
57,841
USD
14,568,613
ZAR
238,885,000
Goldman Sachs International
09/16/26
157,796
USD
74,688,950
ZAR
1,221,630,000
HSBC Bank PLC
09/16/26
993,713
USD
24,089,291
ZAR
397,949,470
Morgan Stanley & Co. International PLC
09/16/26
82,857
ZAR
280,662,000
USD
16,731,969
Citibank N.A.
09/16/26
199,059
ZAR
5,348,824,000
USD
321,654,449
Goldman Sachs International
09/16/26
1,015,143
ZAR
1,153,255,000
USD
68,817,070
HSBC Bank PLC
09/16/26
753,422
MXN
175,850,000
USD
9,993,115
Barclays Bank PLC
09/17/26
122,739
MXN
813,536,000
USD
46,343,841
Goldman Sachs International
09/17/26
455,203
MXN
1,015,514,000
USD
57,704,602
HSBC Bank PLC
09/17/26
713,321
MXN
569,538,000
USD
32,365,781
Morgan Stanley & Co. International PLC
09/17/26
397,162
MXN
66,090,000
USD
3,761,597
Societe Generale
09/17/26
40,262
 
 
 
 
80,385,198
AUD
98,700,000
USD
69,462,987
HSBC Bank PLC
09/16/26
$(64,985
)
AUD
54,526,000
USD
38,841,869
Morgan Stanley & Co. International PLC
09/16/26
(503,516
)
 
4

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Forward Foreign Currency Exchange Contracts (continued)
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
BRL
69,021,000
USD
13,481,255
HSBC Bank PLC
09/16/26
$(6,606
)
CAD
18,023,000
USD
12,970,066
Citibank N.A.
09/16/26
(89,515
)
CAD
24,069,000
USD
17,325,466
HSBC Bank PLC
09/16/26
(124,002
)
CHF
89,253,000
EUR
97,110,665
Barclays Bank PLC
09/16/26
(1,256,125
)
CHF
1,944,000
EUR
2,118,189
BNP Paribas SA
09/16/26
(30,874
)
CHF
30,088,000
EUR
32,825,875
JPMorgan Chase Bank N.A.
09/16/26
(526,238
)
CHF
1,420,000
EUR
1,548,387
Merrill Lynch, Pierce, Fenner & Smith
09/16/26
(23,881
)
CHF
1,807,000
EUR
1,971,867
Societe Generale
09/16/26
(32,111
)
CHF
4,267,000
EUR
4,657,748
UBS AG
09/16/26
(77,482
)
CNY
794,258,000
USD
117,617,222
HSBC Bank PLC
09/16/26
(179,537
)
CNY
498,711,000
USD
73,829,648
UBS AG
09/16/26
(91,059
)
EUR
18,475,291
NOK
207,137,000
Citibank N.A.
09/16/26
(500,943
)
EUR
48,050,391
NOK
532,878,000
Goldman Sachs International
09/16/26
(686,797
)
EUR
204,164,647
NOK
2,246,718,000
HSBC Bank PLC
09/16/26
(1,076,613
)
EUR
218,128,706
NOK
2,416,073,000
JPMorgan Chase Bank N.A.
09/16/26
(2,804,535
)
EUR
2,135,524
PLN
9,286,000
Goldman Sachs International
09/16/26
(18,857
)
EUR
15,877,778
PLN
68,775,000
HSBC Bank PLC
09/16/26
(68,707
)
EUR
83,646,967
SEK
921,290,000
Barclays Bank PLC
09/16/26
(349,978
)
EUR
95,289,901
SEK
1,051,571,000
Citibank N.A.
09/16/26
(613,983
)
EUR
7,276,048
SEK
80,235,000
HSBC Bank PLC
09/16/26
(40,591
)
EUR
30,058,000
SEK
331,326,000
JPMorgan Chase Bank N.A.
09/16/26
(153,799
)
EUR
26,170,374
SEK
287,388,000
Morgan Stanley & Co. International PLC
09/16/26
(19,690
)
EUR
2,155,737
SEK
23,865,000
Societe Generale
09/16/26
(21,824
)
EUR
74,453,000
USD
86,381,186
Barclays Bank PLC
09/16/26
(379,656
)
EUR
114,991,000
USD
133,493,966
Morgan Stanley & Co. International PLC
09/16/26
(666,518
)
GBP
28,762,000
USD
38,930,259
Societe Generale
09/16/26
(167,140
)
INR
658,361,000
USD
6,929,459
Goldman Sachs International
09/16/26
(55,195
)
INR
3,572,187,000
USD
37,466,953
JPMorgan Chase Bank N.A.
09/16/26
(168,030
)
INR
3,716,030,000
USD
39,116,105
UBS AG
09/16/26
(315,249
)
PLN
10,139,000
EUR
2,358,634
Citibank N.A.
09/16/26
(10,534
)
PLN
22,354,000
EUR
5,243,877
Goldman Sachs International
09/16/26
(73,667
)
PLN
28,846,000
EUR
6,764,646
HSBC Bank PLC
09/16/26
(92,582
)
PLN
11,166,000
EUR
2,606,168
Merrill Lynch, Pierce, Fenner & Smith
09/16/26
(21,562
)
PLN
10,671,000
EUR
2,503,278
Morgan Stanley & Co. International PLC
09/16/26
(35,211
)
SEK
642,513,000
EUR
59,101,998
HSBC Bank PLC
09/16/26
(640,874
)
SGD
18,160,000
USD
14,238,528
Citibank N.A.
09/16/26
(34,515
)
SGD
7,616,000
USD
5,977,384
HSBC Bank PLC
09/16/26
(20,459
)
SGD
57,019,000
USD
44,601,173
JPMorgan Chase Bank N.A.
09/16/26
(3,233
)
SGD
26,374,000
USD
20,672,535
Morgan Stanley & Co. International PLC
09/16/26
(43,867
)
TWD
336,825,000
USD
10,630,089
Barclays Bank PLC
09/16/26
(186,854
)
TWD
51,096,000
USD
1,618,027
Citibank N.A.
09/16/26
(33,799
)
TWD
128,258,000
USD
4,038,477
Goldman Sachs International
09/16/26
(61,847
)
TWD
104,472,000
USD
3,275,056
HSBC Bank PLC
09/16/26
(35,909
)
TWD
726,709,000
USD
22,908,570
JPMorgan Chase Bank N.A.
09/16/26
(377,008
)
TWD
48,670,000
USD
1,521,104
Societe Generale
09/16/26
(12,094
)
USD
235,708,221
AUD
339,292,000
Citibank N.A.
09/16/26
(2,854,968
)
USD
81,554,433
AUD
116,714,000
Deutsche Bank AG
09/16/26
(509,583
)
USD
3,228,920
AUD
4,627,000
Goldman Sachs International
09/16/26
(24,419
)
USD
126,168,352
AUD
182,157,000
HSBC Bank PLC
09/16/26
(1,909,985
)
USD
4,734,327
AUD
6,757,000
JPMorgan Chase Bank N.A.
09/16/26
(16,659
)
USD
96,655,076
AUD
139,690,000
Morgan Stanley & Co. International PLC
09/16/26
(1,563,839
)
USD
16,869,867
BRL
87,677,000
Bank of America N.A.
09/16/26
(246,907
)
USD
14,186,898
BRL
74,674,000
Barclays Bank PLC
09/16/26
(391,360
)
5 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Forward Foreign Currency Exchange Contracts (continued)
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
USD
6,686,115
BRL
34,532,000
BNP Paribas SA
09/16/26
$(55,407
)
USD
1,484,056
BRL
7,749,000
Goldman Sachs International
09/16/26
(28,745
)
USD
169,792,055
BRL
891,464,000
HSBC Bank PLC
09/16/26
(4,244,320
)
USD
21,392,699
BRL
110,354,000
Societe Generale
09/16/26
(151,200
)
USD
90,202,477
CAD
127,698,000
Citibank N.A.
09/16/26
(1,059,835
)
USD
4,601,663
CAD
6,498,000
HSBC Bank PLC
09/16/26
(42,282
)
USD
76,726,259
CAD
107,894,000
JPMorgan Chase Bank N.A.
09/16/26
(382,668
)
USD
34,889,448
CAD
49,263,000
Morgan Stanley & Co. International PLC
09/16/26
(317,487
)
USD
138,280,297
CNY
936,006,000
HSBC Bank PLC
09/16/26
(116,014
)
USD
32,720,224
EUR
28,529,000
Bank of America N.A.
09/16/26
(233,957
)
USD
192,398,817
EUR
168,184,000
BNP Paribas SA
09/16/26
(1,872,486
)
USD
217,599,377
EUR
190,050,000
Citibank N.A.
09/16/26
(1,929,598
)
USD
158,761,887
EUR
139,361,000
Deutsche Bank AG
09/16/26
(2,215,633
)
USD
101,734,420
EUR
88,750,000
HSBC Bank PLC
09/16/26
(781,742
)
USD
487,805,061
EUR
426,277,000
Morgan Stanley & Co. International PLC
09/16/26
(4,592,481
)
USD
73,201,645
GBP
54,605,000
Barclays Bank PLC
09/16/26
(390,599
)
USD
206,106,320
GBP
154,356,000
HSBC Bank PLC
09/16/26
(1,922,327
)
USD
22,550,262
GBP
17,045,000
Morgan Stanley & Co. International PLC
09/16/26
(421,623
)
USD
11,392,189
INR
1,094,140,000
Barclays Bank PLC
09/16/26
(32,253
)
USD
266,047,671
INR
25,574,078,000
Goldman Sachs International
09/16/26
(983,577
)
USD
77,175,254
INR
7,443,559,000
HSBC Bank PLC
09/16/26
(546,526
)
USD
42,677,789
INR
4,096,842,000
JPMorgan Chase Bank N.A.
09/16/26
(99,309
)
USD
70,384,802
INR
6,821,695,000
UBS AG
09/16/26
(843,797
)
USD
29,979,952
JPY
4,806,298,000
Citibank N.A.
09/16/26
(330,168
)
USD
81,045,383
JPY
13,171,267,000
Deutsche Bank AG
09/16/26
(2,017,027
)
USD
37,552,765
JPY
6,042,180,000
HSBC Bank PLC
09/16/26
(551,241
)
USD
41,464,171
JPY
6,600,220,000
JPMorgan Chase Bank N.A.
09/16/26
(159,021
)
USD
81,555,285
JPY
13,081,758,000
Morgan Stanley & Co. International PLC
09/16/26
(942,651
)
USD
4,600,366
KRW
6,654,989,000
Citibank N.A.
09/16/26
(13,361
)
USD
31,546,771
KRW
47,424,640,000
Goldman Sachs International
09/16/26
(1,331,468
)
USD
45,022,554
KRW
66,626,178,000
HSBC Bank PLC
09/16/26
(1,167,599
)
USD
203,330,371
KRW
308,725,236,000
JPMorgan Chase Bank N.A.
09/16/26
(10,700,605
)
USD
119,314,336
NZD
204,183,000
Barclays Bank PLC
09/16/26
(1,115,382
)
USD
100,563,287
NZD
173,622,000
Citibank N.A.
09/16/26
(1,841,166
)
USD
117,697,122
NZD
204,260,000
HSBC Bank PLC
09/16/26
(2,778,011
)
USD
56,873,511
NZD
98,627,000
JPMorgan Chase Bank N.A.
09/16/26
(1,297,942
)
USD
42,867,993
NZD
73,123,000
Morgan Stanley & Co. International PLC
09/16/26
(260,878
)
USD
7,654,963
SGD
9,860,000
Citibank N.A.
09/16/26
(57,128
)
USD
130,348,778
SGD
167,330,000
Deutsche Bank AG
09/16/26
(529,935
)
USD
12,614,461
SGD
16,228,000
Goldman Sachs International
09/16/26
(78,419
)
USD
17,200,681
SGD
22,148,000
HSBC Bank PLC
09/16/26
(122,582
)
USD
2,907,772
SGD
3,743,000
Standard Chartered Bank
09/16/26
(19,851
)
USD
36,071,616
ZAR
601,171,000
Morgan Stanley & Co. International PLC
09/16/26
(194,225
)
ZAR
103,887,000
USD
6,270,745
Barclays Bank PLC
09/16/26
(3,727
)
ZAR
92,343,000
USD
5,618,475
Citibank N.A.
09/16/26
(47,852
)
ZAR
90,765,000
USD
5,507,768
Goldman Sachs International
09/16/26
(32,340
)
ZAR
301,641,000
USD
18,406,294
HSBC Bank PLC
09/16/26
(209,700
)
ZAR
533,682,000
USD
32,258,809
JPMorgan Chase Bank N.A.
09/16/26
(64,265
)
MXN
201,472,000
USD
11,612,380
HSBC Bank PLC
09/17/26
(22,608
)
MXN
636,909,000
USD
36,759,721
Morgan Stanley & Co. International PLC
09/17/26
(121,229
)
USD
14,616,611
MXN
257,082,000
Barclays Bank PLC
09/17/26
(172,153
)
USD
54,491,540
MXN
956,652,000
Citibank N.A.
09/17/26
(540,319
)
USD
71,786,467
MXN
1,257,747,000
Deutsche Bank AG
09/17/26
(566,024
)
 
6

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Forward Foreign Currency Exchange Contracts (continued)
Currency Purchased
Currency Sold
Counterparty
Settlement Date
Unrealized
Appreciation
(Depreciation)
USD
18,638,959
MXN
327,793,000
Goldman Sachs International
09/17/26
$(217,489
)
USD
27,134,193
MXN
475,245,000
HSBC Bank PLC
09/17/26
(204,500
)
USD
9,254,287
MXN
163,242,000
JPMorgan Chase Bank N.A.
09/17/26
(136,286
)
USD
212,056,104
MXN
3,721,610,000
Morgan Stanley & Co. International PLC
09/17/26
(2,031,272
)
 
 
 
 
(73,458,061
)
 
 
 
 
$6,927,137
Centrally Cleared Credit Default Swaps — Buy Protection 
Reference Obligation/Index
Financing
Rate Received
by the Fund
Payment
Frequency
Termination
Date
 
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
CDX.NA.HY.46.V3
5.00%
Quarterly
06/20/31
 
USD
233,020
$(18,927,285
)
$(18,530,163
)
$(397,122
)
Centrally Cleared Credit Default Swaps — Sell Protection 
Reference Obligation/Index
Financing
Rate Received
by the Fund
Payment
Frequency
Termination
Date
Credit
Rating(a)
Notional
Amount (000)(b)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
CDX.NA.IG.46.V1
1.00%
Quarterly
06/20/31
BBB+
USD
1,517,408
$33,118,416
$32,757,629
$360,787
iTraxx.EUR.45.V1
1.00
Quarterly
06/20/31
BB+
EUR
1,445,590
36,618,201
35,493,287
1,124,914
iTraxx.XO.45.V1
5.00
Quarterly
06/20/31
B
EUR
229,650
27,763,589
26,765,698
997,891
 
 
 
 
 
 
 
$97,500,206
$95,016,614
$2,483,592
 
(a)
Using the rating of the issuer or the underlying securities of the index, as applicable, provided by S&P Global Ratings.
(b)
The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement.
Centrally Cleared Interest Rate Swaps 
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
3.89%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
143,405
$711,685
$32,309
$679,376
3.90%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
406,494
1,947,642
118,374
1,829,268
3.91%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
55,806
255,371
249
255,122
3.91%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
254,087
1,178,689
(79,740
)
1,258,429
3.91%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
61,025
276,115
198,871
77,244
3.93%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
65,292
271,416
292
271,124
3.94%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
48,330
194,737
18,390
176,347
3.94%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
8,036
32,073
(1,058
)
33,131
3.96%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
72,212
256,575
94,552
162,023
3.97%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
82,623
277,827
(68,170
)
345,997
7 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Centrally Cleared Interest Rate Swaps (continued)
Paid by the Fund
Received by the Fund
Effective
Date
Termination
Date
 
Notional
Amount
(000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Rate
Frequency
Rate
Frequency
3.97%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
54,374
$185,737
$238
$185,499
3.98%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
39,675
129,631
(21,706
)
151,337
4.00%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
44,285
129,509
36,067
93,442
4.00%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
61,461
180,910
4,781
176,129
4.03%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
92,973
220,531
99,885
120,646
4.03%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
41,880
94,552
49,473
45,079
4.06%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
33,024
58,831
12,418
46,413
4.07%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
26,831
39,620
(11,641
)
51,261
4.07%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
348,278
540,824
(203,936
)
744,760
4.08%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
57,350
82,501
(131,597
)
214,098
4.08%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
29,681
39,305
30,647
8,658
4.08%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
58,967
79,211
65,174
14,037
4.14%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
18,869
3,780
(15,065
)
18,845
4.18%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/28
USD
13,753
(7,987
)
(1,633
)
(6,354
)
3.92%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/31
USD
48,408
513,506
(8,290
)
521,796
3.92%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/31
USD
94,212
994,337
860
993,477
4.02%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/31
USD
284,927
1,749,247
(508,856
)
2,258,103
4.03%
Annual
1-day SOFR,
3.66%
Annual
9/16/26(a)
09/16/31
USD
15,837
87,320
(19,496
)
106,816
 
 
 
 
 
 
 
 
$10,523,495
$(308,608
)
$10,832,103
 
(a)
Forward Swap.
OTC Total Return Swaps — Future 
Reference Entity
Fixed Amount Paid (Received)
by the Fund(a)
Counterparty
Termination
Date
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
BOVESPA
Index Future
August
2026
BRL
17,942,436
Merrill Lynch
International
08/12/26
BRL
17,942
$(11,429)
$—
$(11,429)
Korean Stock
Price 200
Index Future
September
2026
KRW
87,735,743,600
Citibank N.A.
09/10/26
KRW
87,735,744
(11,296,604)
—
(11,296,604)
 
8

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
OTC Total Return Swaps — Future (continued)
Reference Entity
Fixed Amount Paid (Received)
by the Fund(a)
Counterparty
Termination
Date
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Korean Stock
Price 200
Index Future
September
2026
KRW
16,128,775,400
Citibank N.A.
09/10/26
KRW
16,128,775
$(3,541,620)
$—
$(3,541,620)
Korean Stock
Price 200
Index Future
September
2026
KRW
4,736,297,150
Citibank N.A.
09/10/26
KRW
4,736,297
(972,634)
—
(972,634)
Korean Stock
Price 200
Index Future
September
2026
KRW
9,106,274,450
Citibank N.A.
09/10/26
KRW
9,106,275
(1,688,328)
—
(1,688,328)
Korean Stock
Price 200
Index Future
September
2026
KRW
4,329,998,725
Citibank N.A.
09/10/26
KRW
4,329,999
(687,653)
—
(687,653)
Korean Stock
Price 200
Index Future
September
2026
KRW
3,352,257,975
Citibank N.A.
09/10/26
KRW
3,352,258
(363,310)
—
(363,310)
Korean Stock
Price 200
Index Future
September
2026
KRW
12,137,562,000
Citibank N.A.
09/10/26
KRW
12,137,562
(1,284,325)
—
(1,284,325)
Korean Stock
Price 200
Index Future
September
2026
KRW
5,164,495,450
Citibank N.A.
09/10/26
KRW
5,164,496
(550,069)
—
(550,069)
Korean Stock
Price 200
Index Future
September
2026
KRW
6,445,945,000
Citibank N.A.
09/10/26
KRW
6,445,945
(545,255)
—
(545,255)
Korean Stock
Price 200
Index Future
September
2026
KRW
11,934,725,250
Citibank N.A.
09/10/26
KRW
11,934,725
(780,599)
—
(780,599)
Taiwan Stock
Exchange
Capitalization
Weighted
Stock Index
Future
August
2026
TWD
1,207,374,445
Citibank N.A.
08/19/26
TWD
1,207,375
(1,909,931)
—
(1,909,931)
9 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
OTC Total Return Swaps — Future (continued)
Reference Entity
Fixed Amount Paid (Received)
by the Fund(a)
Counterparty
Termination
Date
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
Taiwan Stock
Exchange
Capitalization
Weighted
Stock Index
Future
August
2026
TWD
55,299,593
Citibank N.A.
08/19/26
TWD
55,300
$(87,478)
$—
$(87,478)
Taiwan Stock
Exchange
Capitalization
Weighted
Stock Index
Future
August
2026
TWD
73,031,155
Citibank N.A.
08/19/26
TWD
73,031
(94,927)
—
(94,927)
Taiwan Stock
Exchange
Capitalization
Weighted
Stock Index
Future
August
2026
TWD
180,423,327
Citibank N.A.
08/19/26
TWD
180,423
(170,653)
—
(170,653)
Thai SET50
Index
Futures
September
2026
THB
430,525
Merrill Lynch
International
09/29/26
THB
431
93
—
93
 
 
 
 
 
 
$(23,984,722)
$—
$(23,984,722)
 
(a)
At termination, the fixed amount paid (received) will be exchanged for the total return of the reference entity.
 
10

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
OTC Total Return Swaps 
Paid by the Fund
Received by the Fund
 
 
 
 
 
 
 
 
Rate
Frequency
Reference
Frequency
Counterparty
Effective
Date
Termination
Date
Notional
Amount (000)
Value
Upfront
Premium
Paid
(Received)
Unrealized
Appreciation
(Depreciation)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.01%, 3.66%
Quarterly
Morgan Stanley
& Co.
International
PLC
N/A
11/30/26
USD
173,939
$(1,777,853)
$—
$(1,777,853)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.08%, 3.66%
Quarterly
Merrill Lynch
International
N/A
11/30/26
USD
120,311
(1,960,718)
—
(1,960,718)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.18%, 3.66%
Quarterly
JPMorgan
Chase Bank
N.A.
N/A
11/30/26
USD
120,492
(1,649,635)
—
(1,649,635)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR
Quarterly
Morgan Stanley
& Co.
International
PLC
N/A
01/29/27
USD
156,522
17,261
(17,261)
34,522
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.20%, 3.66%
Quarterly
JPMorgan
Chase Bank
N.A.
N/A
01/29/27
USD
122,038
66,785
—
66,785
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.22%, 3.66%
Quarterly
JPMorgan
Chase Bank
N.A.
N/A
01/29/27
USD
121,295
80,007
—
80,007
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.22%, 3.66%
Quarterly
Merrill Lynch
International
N/A
01/29/27
USD
121,941
(635,412)
—
(635,412)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.24%, 3.66%
Quarterly
Merrill Lynch
International
N/A
01/29/27
USD
121,731
(634,171)
—
(634,171)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.25%, 3.66%
Quarterly
JPMorgan
Chase Bank
N.A.
N/A
01/29/27
USD
123,330
(642,545)
—
(642,545)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.25%, 3.66%
Quarterly
JPMorgan
Chase Bank
N.A.
N/A
01/29/27
USD
123,943
(645,654)
—
(645,654)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.25%, 3.66%
Quarterly
JPMorgan
Chase Bank
N.A.
N/A
01/29/27
USD
92,596
(482,229)
—
(482,229)
MSCI World Equal
Weighted Index
Quarterly
1-day SOFR plus
0.30%, 3.66%
Quarterly
Citibank N.A.
N/A
01/29/27
USD
122,434
(637,492)
—
(637,492)
 
 
 
 
 
 
 
 
 
$(8,901,656)
$(17,261)
$(8,884,395)
Equity Swap Contracts 
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a)
3M Co.
Goldman Sachs Bank USA
$2,145,965
08/18/26
0.20%
1D FEDL01
Monthly
$210,546
3M Co.
Morgan Stanley & Co. International
PLC
9,236,840
12/09/27
0.20%
1D FEDL01
Monthly
297,087
A O Smith Corp.
Morgan Stanley & Co. International
PLC
3,551,979
12/09/27
0.20%
1D FEDL01
Monthly
46,681
A O Smith Corp.
Morgan Stanley & Co. International
PLC
2,180,373
12/09/27
0.20%
1D FEDL01
Monthly
21,227
ABB Ltd.
Citibank NA
18,300,938
11/11/26
0.21%
SSARON
Monthly
(201,766
)
Abbott Laboratories
Barclays Bank PLC
3,840,366
01/11/27
0.20%
1D OBFR01
Monthly
195,894
Abbott Laboratories
Morgan Stanley & Co. International
PLC
4,528,667
12/09/27
0.20%
1D FEDL01
Monthly
231,004
AbbVie, Inc.
Citibank NA
5,141,483
02/22/28
0.20%
1D OBFR01
Monthly
(47,903
)
Accenture PLC
Citibank NA
24,436,726
02/22/28
0.20%
1D OBFR01
Monthly
4,246,694
Accenture PLC
Citibank NA
5,306,049
02/22/28
0.20%
1D OBFR01
Monthly
978,337
Accor SA
Morgan Stanley & Co. International
PLC
6,238,903
12/09/27
0.26%
1D ESTR
Monthly
(165,330
)
11 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Acs Actividades De
Construccio
Barclays Bank PLC
$58,100
01/11/27
0.26%
1D ESTR
Monthly
$—
ACS Actividades de
Construccion y Servicios
SA
Barclays Bank PLC
6,638,399
02/14/28
0.26%
1D ESTR
Monthly
(371,804
)
Acuity, Inc.
Citibank NA
38,128
02/22/28
0.20%
1D OBFR01
Monthly
(363
)
Acuity, Inc.
Goldman Sachs Bank USA
3,111,036
08/18/26
0.20%
1D FEDL01
Monthly
(57,009
)
AddTech AB
Goldman Sachs Bank USA
4,276,123
08/19/26
0.26%
1D STIBOR
Monthly
71,217
Adobe, Inc.
Citibank NA
18,587,240
02/22/28
0.20%
1D OBFR01
Monthly
2,728,160
Adobe, Inc.
Morgan Stanley & Co. International
PLC
39,305
12/09/27
0.20%
1D FEDL01
Monthly
5,769
Advanced Energy Industries,
Inc.
Goldman Sachs Bank USA
8,288,115
08/18/26
0.20%
1D FEDL01
Monthly
(339,344
)
Advanced Energy Industries,
Inc.
Morgan Stanley & Co. International
PLC
23,798
12/09/27
0.20%
1D FEDL01
Monthly
(2,084
)
Advanced Micro Devices, Inc.
Barclays Bank PLC
2,235,939
01/11/27
0.20%
1D OBFR01
Monthly
(277,057
)
AECOM
Morgan Stanley & Co. International
PLC
14,185,506
12/09/27
0.20%
1D FEDL01
Monthly
997,066
Aegon Ltd.
Citibank NA
263,032
11/11/26
0.26%
1D ESTR
Monthly
5,449
Aehr Test Systems
Goldman Sachs Bank USA
8,867
08/18/26
0.20%
1D FEDL01
Monthly
(789
)
AerCap Holdings NV
Morgan Stanley & Co. International
PLC
1,608,214
12/09/27
0.20%
1D FEDL01
Monthly
3,097
Aflac, Inc.
Citibank NA
185,123
02/22/28
0.20%
1D OBFR01
Monthly
5,842
AGC, Inc.
Goldman Sachs Bank USA
1,724,942
08/19/26
0.25%
1D P TONA
Monthly
(122,140
)
Agilent Technologies, Inc.
Citibank NA
1,040,988
02/22/28
0.20%
1D OBFR01
Monthly
38,298
AGL Energy Ltd.
Goldman Sachs Bank USA
5,906,023
08/19/26
0.30%
1D AONIA
Monthly
35,560
AGNC Investment Corp.
Goldman Sachs Bank USA
477,966
08/18/26
0.20%
1D FEDL01
Monthly
(10,631
)
Agree Realty Corp.
Citibank NA
5,300,140
02/22/28
0.20%
1D OBFR01
Monthly
(157,793
)
AIA Group Ltd.
Citibank NA
1,978,785
02/24/27
0.30%
HONIA
Monthly
55,539
Air Canada
Morgan Stanley & Co. International
PLC
2,500,794
12/09/27
0.20%
CABROVER
Monthly
296,611
Air Products and Chemicals,
Inc.
Goldman Sachs Bank USA
2,525,734
08/18/26
0.20%
1D FEDL01
Monthly
10,320
Airbnb, Inc.
Barclays Bank PLC
2,202,566
01/11/27
0.20%
1D OBFR01
Monthly
180,389
Airbnb, Inc.
Goldman Sachs Bank USA
16,273,317
08/18/26
0.20%
1D FEDL01
Monthly
390,247
Aisin Corp.
Citibank NA
5,129,120
02/24/27
0.25%
1D P TONA
Monthly
(259,655
)
Akamai Technologies, Inc.
Citibank NA
3,892,189
02/22/28
0.20%
1D OBFR01
Monthly
(261,600
)
Aker BP ASA
Citibank NA
25,484,049
11/11/26
0.26%
NOWA
Monthly
70,850
Akzo Nobel NV
Goldman Sachs Bank USA
191,177
08/19/26
0.26%
1D ESTR
Monthly
(101
)
Albemarle Corp.
Goldman Sachs Bank USA
941,211
08/18/26
0.20%
1D FEDL01
Monthly
(15,501
)
Albemarle Corp.
Morgan Stanley & Co. International
PLC
16,640,903
12/09/27
0.20%
1D FEDL01
Monthly
26,920
Albertsons Cos., Inc.
Goldman Sachs Bank USA
775,786
08/18/26
0.20%
1D FEDL01
Monthly
(158,780
)
Alcoa Corp.
Citibank NA
1,173,688
02/22/28
0.20%
1D OBFR01
Monthly
(23,133
)
Alexandria Real Estate
Equities, Inc.
Barclays Bank PLC
1,931,294
01/11/27
0.20%
1D OBFR01
Monthly
70,420
Algonquin Power & Utilities
Corp.
Barclays Bank PLC
6,280,379
01/11/27
0.20%
CABROVER
Monthly
(149,533
)
Align Technology, Inc.
Citibank NA
6,741,116
02/22/28
0.20%
1D OBFR01
Monthly
(128,990
)
Alimentation Couche-Tard, Inc.
Barclays Bank PLC
5,279,206
01/11/27
0.20%
CABROVER
Monthly
104,462
Allegion plc
Barclays Bank PLC
45,064
01/11/27
0.20%
1D OBFR01
Monthly
5,619
Allianz SE
Morgan Stanley & Co. International
PLC
14,761,351
12/09/27
0.26%
1D ESTR
Monthly
202,626
Allstate Corp./The
Morgan Stanley & Co. International
PLC
40,293
12/09/27
0.20%
1D FEDL01
Monthly
1,960
Ally Financial, Inc.
Goldman Sachs Bank USA
14,100,829
08/18/26
0.20%
1D FEDL01
Monthly
(882,103
)
Alnylam Pharmaceuticals, Inc.
Goldman Sachs Bank USA
444,112
08/18/26
0.20%
1D FEDL01
Monthly
(117,129
)
Alphabet, Inc.
Citibank NA
2,829,426
02/22/28
0.20%
1D OBFR01
Monthly
116,125
 
12

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Alphabet, Inc.
Morgan Stanley & Co. International
PLC
$4,673,226
12/09/27
0.20%
1D FEDL01
Monthly
$201,466
ALS Ltd.
Goldman Sachs Bank USA
2,735,335
08/19/26
0.30%
1D AONIA
Monthly
(97,174
)
Altria Group, Inc.
Citibank NA
462,032
02/22/28
0.20%
1D OBFR01
Monthly
(24,584
)
Amazon.com, Inc.
Citibank NA
1,622,621
02/22/28
0.20%
1D OBFR01
Monthly
177,140
Amcor PLC
Barclays Bank PLC
1,644,357
01/11/27
0.20%
1D OBFR01
Monthly
63,552
Amcor PLC
Goldman Sachs Bank USA
409,374
08/18/26
0.20%
1D FEDL01
Monthly
(8,595
)
Amdocs Ltd.
Citibank NA
3,469,335
02/22/28
0.20%
1D OBFR01
Monthly
304,803
American Airlines Group, Inc.
Citibank NA
2,342,632
02/22/28
0.20%
1D OBFR01
Monthly
76,029
American Eagle Outfitters, Inc.
Morgan Stanley & Co. International
PLC
8,037
12/09/27
0.20%
1D FEDL01
Monthly
(289
)
American Express Co.
Goldman Sachs Bank USA
23,655,965
08/18/26
0.20%
1D FEDL01
Monthly
(1,464,473
)
American Financial Group,
Inc./OH
Citibank NA
4,978,658
02/22/28
0.20%
1D OBFR01
Monthly
46,450
American International Group,
Inc.
Citibank NA
1,007,312
02/22/28
0.20%
1D OBFR01
Monthly
4,248
American International Group,
Inc.
Morgan Stanley & Co. International
PLC
14,933,308
12/09/27
0.20%
1D FEDL01
Monthly
62,978
American Tower Corp.
Barclays Bank PLC
11,270,431
01/11/27
0.20%
1D OBFR01
Monthly
494,818
Ameriprise Financial, Inc.
Citibank NA
24,761
02/22/28
0.20%
1D OBFR01
Monthly
894
Ameriprise Financial, Inc.
Morgan Stanley & Co. International
PLC
2,389,656
12/09/27
0.20%
1D FEDL01
Monthly
86,275
AMETEK, Inc.
Barclays Bank PLC
1,258,948
01/11/27
0.20%
1D OBFR01
Monthly
24,532
AMETEK, Inc.
Morgan Stanley & Co. International
PLC
4,910,845
12/09/27
0.20%
1D FEDL01
Monthly
95,694
Amgen, Inc.
Citibank NA
3,925,154
02/22/28
0.20%
1D OBFR01
Monthly
204,917
Amgen, Inc.
Morgan Stanley & Co. International
PLC
4,858,948
12/09/27
0.20%
1D FEDL01
Monthly
253,666
Amphenol Corp.
Barclays Bank PLC
964,119
01/11/27
0.20%
1D OBFR01
Monthly
19,526
Amphenol Corp.
Morgan Stanley & Co. International
PLC
2,900,862
12/09/27
0.20%
1D FEDL01
Monthly
58,750
Ampol Ltd.
Citibank NA
1,671,590
02/24/27
0.30%
1D AONIA
Monthly
50,546
Amundi SA
Barclays Bank PLC
1,160,087
02/14/28
0.26%
1D ESTR
Monthly
90,503
ANA Holdings, Inc.
Barclays Bank PLC
2,084,289
12/11/28
0.00%
1D P TONA
Monthly
62,252
Analog Devices, Inc.
Barclays Bank PLC
4,006,805
01/11/27
0.20%
1D OBFR01
Monthly
(160,390
)
Analog Devices, Inc.
Citibank NA
15,180,385
02/22/28
0.20%
1D OBFR01
Monthly
(676,141
)
Anheuser-Busch InBev SA/NV
Goldman Sachs Bank USA
7,630,257
08/19/26
0.26%
1D ESTR
Monthly
617,483
Anritsu Corp.
Goldman Sachs Bank USA
1,384,490
08/19/26
0.25%
1D P TONA
Monthly
(199,938
)
Antofagasta PLC
Morgan Stanley & Co. International
PLC
5,112,440
12/09/27
0.25%
1D SONIA
Monthly
(112,862
)
AP Moller - Maersk A/S
Goldman Sachs Bank USA
227,583
08/19/26
0.26%
DESTR
Monthly
3,338
APA Group
Morgan Stanley & Co. International
PLC
4,362,314
12/09/27
0.29%
1D AONIA
Monthly
2,638
API Group Corp.
Citibank NA
2,001,718
02/22/28
0.20%
1D OBFR01
Monthly
37,516
Apple, Inc.
Citibank NA
1,438,153
02/22/28
0.20%
1D OBFR01
Monthly
(74,933
)
Apple, Inc.
Morgan Stanley & Co. International
PLC
3,209,691
12/09/27
0.20%
1D FEDL01
Monthly
(167,236
)
Applied Digital Corp.
Goldman Sachs Bank USA
126,423
08/18/26
0.20%
1D FEDL01
Monthly
22,688
Applied Industrial
Technologies, Inc.
Citibank NA
340,757
02/22/28
0.20%
1D OBFR01
Monthly
3,762
Applied Materials, Inc.
Barclays Bank PLC
4,157,904
01/11/27
0.20%
1D OBFR01
Monthly
(318,396
)
Applied Materials, Inc.
Goldman Sachs Bank USA
7,649,058
08/18/26
0.20%
1D FEDL01
Monthly
(759,468
)
AppLovin Corp.
Goldman Sachs Bank USA
127,670
08/18/26
0.20%
1D FEDL01
Monthly
(16,026
)
Arch Capital Group Ltd.
Citibank NA
3,197,617
02/22/28
0.20%
1D OBFR01
Monthly
55,333
Archer-Daniels-Midland Co.
Citibank NA
11,968,952
02/22/28
0.20%
1D OBFR01
Monthly
(1,103,414
)
Ares Capital Corp.
Barclays Bank PLC
45,471
01/11/27
0.20%
1D OBFR01
Monthly
(241
)
Ares Management Corp.
Morgan Stanley & Co. International
PLC
558,455
12/09/27
0.20%
1D FEDL01
Monthly
20,127
13 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Argan, Inc.
Citibank NA
$1,919,604
02/22/28
0.20%
1D OBFR01
Monthly
$(109,629
)
Aristocrat Leisure Ltd.
Citibank NA
13,884,504
02/24/27
0.30%
1D AONIA
Monthly
412,785
Aritzia, Inc.
Citibank NA
126,509
02/22/28
0.20%
1D CORRA
Monthly
(1,362
)
Arkema SA
Goldman Sachs Bank USA
727,522
08/19/26
0.18%
1D ESTR
Monthly
36,429
Armstrong World Industries,
Inc.
Goldman Sachs Bank USA
58,774
08/18/26
0.20%
1D FEDL01
Monthly
7,073
Asahi Kasei Corp.
Morgan Stanley & Co. International
PLC
1,681,869
12/09/27
0.25%
1D P TONA
Monthly
(143,609
)
ASM International NV
Citibank NA
9,974,921
11/11/26
0.21%
1D ESTR
Monthly
(1,006,097
)
ASML Holding NV
Morgan Stanley & Co. International
PLC
23,695,612
12/09/27
0.26%
1D ESTR
Monthly
(2,371,205
)
ASMPT Ltd.
Citibank NA
81,937
02/24/27
0.30%
HONIA
Monthly
(9,016
)
ASR Nederland NV
Barclays Bank PLC
9,794,818
02/14/28
0.26%
1D ESTR
Monthly
33,090
Assa Abloy AB
Goldman Sachs Bank USA
5,252,599
08/19/26
0.10%
1D STIBOR
Monthly
275,973
Assurant, Inc.
Citibank NA
31,139
02/22/28
0.20%
1D OBFR01
Monthly
689
Astellas Pharma, Inc.
Barclays Bank PLC
2,222,699
12/11/28
0.00%
1D P TONA
Monthly
7,833
AT&T, Inc.
Citibank NA
2,228,738
02/22/28
0.20%
1D OBFR01
Monthly
(11,293
)
Atco Ltd./Canada
Citibank NA
9,734,042
02/22/28
0.20%
1D CORRA
Monthly
149,850
Atlas Copco AB
Citibank NA
285,966
11/11/26
0.26%
TN STIBOR
Monthly
(1,782
)
Atlas Copco AB
Goldman Sachs Bank USA
2,220,823
08/19/26
0.26%
1D STIBOR
Monthly
170,586
Atmos Energy Corp.
Citibank NA
151,878
02/22/28
0.20%
1D OBFR01
Monthly
(4,842
)
Aurizon Holdings Ltd.
Citibank NA
2,451,962
02/24/27
0.30%
1D AONIA
Monthly
(79,862
)
Aurubis AG
Goldman Sachs Bank USA
2,924,538
08/19/26
0.26%
1D ESTR
Monthly
80,285
Autodesk, Inc.
Barclays Bank PLC
443,223
01/11/27
0.20%
1D OBFR01
Monthly
66,865
Autodesk, Inc.
Citibank NA
5,184,785
02/22/28
0.20%
1D OBFR01
Monthly
744,456
Autoliv, Inc.
Goldman Sachs Bank USA
3,881,311
08/18/26
0.20%
1D FEDL01
Monthly
3,471
Automatic Data Processing,
Inc.
Barclays Bank PLC
6,237,487
01/11/27
0.20%
1D OBFR01
Monthly
598,811
AutoNation, Inc.
Citibank NA
270,851
02/22/28
0.20%
1D OBFR01
Monthly
8,455
Avantor, Inc.
Goldman Sachs Bank USA
119,616
08/18/26
0.20%
1D FEDL01
Monthly
27,554
Avery Dennison Corp.
Morgan Stanley & Co. International
PLC
298,488
12/09/27
0.20%
1D FEDL01
Monthly
22,811
Aviva PLC
Goldman Sachs Bank USA
10,772,672
08/19/26
0.25%
1D SONIA
Monthly
613,747
Avnet, Inc.
Citibank NA
748,890
02/22/28
0.20%
1D OBFR01
Monthly
(10,719
)
Avnet, Inc.
Goldman Sachs Bank USA
4,430,763
08/18/26
0.20%
1D FEDL01
Monthly
135,169
AXA SA
Barclays Bank PLC
39,502,094
02/14/28
0.26%
1D ESTR
Monthly
31,763
Axcelis Technologies, Inc.
Citibank NA
71,543
02/22/28
0.20%
1D OBFR01
Monthly
(5,831
)
Axsome Therapeutics, Inc.
Morgan Stanley & Co. International
PLC
1,608,090
12/09/27
0.20%
1D FEDL01
Monthly
(145,159
)
Azimut Holding SpA
Citibank NA
4,393,680
11/11/26
0.26%
1D ESTR
Monthly
154,836
B2Gold Corp.
Citibank NA
121,108
02/22/28
0.20%
1D CORRA
Monthly
(6,752
)
Babcock International Group
PLC
Barclays Bank PLC
4,090,169
02/14/28
0.25%
1D SONIA
Monthly
50,959
Baker Hughes Co.
Citibank NA
8,377
02/22/28
0.20%
1D OBFR01
Monthly
576
Balfour Beatty PLC
Goldman Sachs Bank USA
6,087,488
08/19/26
0.25%
1D SONIA
Monthly
(3,678
)
Banca Mediolanum SpA
Goldman Sachs Bank USA
3,462,640
08/19/26
0.26%
1D ESTR
Monthly
111,726
Banco BPM SpA
Barclays Bank PLC
377,211
02/14/28
0.26%
1D ESTR
Monthly
6,010
Banco Santander SA
Citibank NA
2,072,504
11/11/26
0.26%
1D ESTR
Monthly
43,826
Bank Leumi Le-Israel BM
Goldman Sachs Bank USA
226,859
08/19/26
0.55%
SHIR
Monthly
1,036
Bank of America Corp.
Barclays Bank PLC
39,061,909
01/11/27
0.20%
1D OBFR01
Monthly
205,842
Bank of Nova Scotia (The)
Citibank NA
28,244,254
02/22/28
0.20%
1D CORRA
Monthly
16,872
Bankinter SA
Citibank NA
466,696
11/11/26
0.22%
1D ESTR
Monthly
3,000
Barclays PLC
Morgan Stanley & Co. International
PLC
2,362,127
12/09/27
0.25%
1D SONIA
Monthly
(76,195
)
Barrick Mining Corp.
Morgan Stanley & Co. International
PLC
21,282,932
12/09/27
0.20%
CABROVER
Monthly
(536,307
)
Barry Callebaut AG
Citibank NA
243,206
11/11/26
0.26%
SSARON
Monthly
(785
)
BASF SE
Goldman Sachs Bank USA
15,831,482
08/19/26
0.10%
1D ESTR
Monthly
727,959
 
14

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
BE Semiconductor Industries
NV
Morgan Stanley & Co. International
PLC
$4,146,846
12/09/27
0.26%
1D ESTR
Monthly
$(793,059
)
Becton Dickinson & Co.
Barclays Bank PLC
1,924,762
01/11/27
0.20%
1D OBFR01
Monthly
156,585
Becton Dickinson & Co.
Goldman Sachs Bank USA
3,036,376
08/18/26
0.20%
1D FEDL01
Monthly
167,874
Bentley Systems, Inc.
Morgan Stanley & Co. International
PLC
40,238
12/09/27
0.20%
1D FEDL01
Monthly
7,712
Bentley Systems, Inc.
Morgan Stanley & Co. International
PLC
2,258,781
12/09/27
0.20%
1D FEDL01
Monthly
344,322
Best Buy Co., Inc.
Citibank NA
3,451,586
02/22/28
0.20%
1D OBFR01
Monthly
(42,505
)
Best Buy Co., Inc.
Citibank NA
2,601,449
02/22/28
0.20%
1D OBFR01
Monthly
(20,032
)
Biogen, Inc.
Goldman Sachs Bank USA
4,367,880
08/18/26
0.20%
1D FEDL01
Monthly
126,448
BioMarin Pharmaceutical, Inc.
Barclays Bank PLC
2,463,838
01/11/27
0.20%
1D OBFR01
Monthly
68,346
BioMarin Pharmaceutical, Inc.
Citibank NA
101,616
02/22/28
0.20%
1D OBFR01
Monthly
2,819
BioNTech SE
Citibank NA
5,133,203
02/22/28
0.20%
1D OBFR01
Monthly
(73,223
)
Blackstone, Inc.
Citibank NA
42,373
02/22/28
0.20%
1D OBFR01
Monthly
1,701
Block, Inc.
Barclays Bank PLC
25,143,853
01/11/27
0.20%
1D OBFR01
Monthly
1,227,626
Blue Owl Capital, Inc.
Citibank NA
1,446,932
02/22/28
0.20%
1D OBFR01
Monthly
180,077
BlueScope Steel Ltd.
Goldman Sachs Bank USA
7,139,571
08/19/26
0.30%
1D AONIA
Monthly
50,213
BNP Paribas SA
Goldman Sachs Bank USA
8,119,803
08/19/26
0.18%
1D ESTR
Monthly
597,484
Booking Holdings, Inc.
Goldman Sachs Bank USA
482,409
08/18/26
0.20%
1D FEDL01
Monthly
26,654
Booking Holdings, Inc.
Morgan Stanley & Co. International
PLC
30,444,169
12/09/27
0.20%
1D FEDL01
Monthly
2,452,997
Boot Barn Holdings, Inc.
Morgan Stanley & Co. International
PLC
922,421
12/09/27
0.20%
1D FEDL01
Monthly
(2,408
)
Booz Allen Hamilton Holding
Corp.
Citibank NA
4,558,143
02/22/28
0.20%
1D OBFR01
Monthly
247,448
Booz Allen Hamilton Holding
Corp.
Goldman Sachs Bank USA
16,433
08/18/26
0.20%
1D FEDL01
Monthly
1,485
BorgWarner, Inc.
Citibank NA
5,201,937
02/22/28
0.20%
1D OBFR01
Monthly
(41,292
)
Boston Scientific Corp.
Citibank NA
4,284,968
02/22/28
0.20%
1D OBFR01
Monthly
374,947
BP PLC
Goldman Sachs Bank USA
1,406,276
08/19/26
0.25%
1D SONIA
Monthly
123,472
Brambles Ltd.
Morgan Stanley & Co. International
PLC
997,177
12/09/27
0.29%
1D AONIA
Monthly
22,970
Brenntag SE
Goldman Sachs Bank USA
156,367
08/19/26
0.26%
1D ESTR
Monthly
(1,372
)
Bridgebio Pharma, Inc.
Goldman Sachs Bank USA
2,552,375
08/18/26
0.20%
1D FEDL01
Monthly
(79,356
)
Bridgestone Corp.
Goldman Sachs Bank USA
8,744,427
08/19/26
0.25%
1D P TONA
Monthly
481,781
BrightSpring Health Services,
Inc.
Goldman Sachs Bank USA
1,216,939
08/18/26
0.20%
1D FEDL01
Monthly
(152,429
)
Bristol-Myers Squibb Co.
Barclays Bank PLC
2,922,070
01/11/27
0.20%
1D OBFR01
Monthly
218,819
Bristol-Myers Squibb Co.
Morgan Stanley & Co. International
PLC
21,385,359
12/09/27
0.20%
1D FEDL01
Monthly
1,576,004
Broadcom, Inc.
Barclays Bank PLC
2,040,794
01/11/27
0.20%
1D OBFR01
Monthly
(38,727
)
Broadcom, Inc.
Citibank NA
461,887
02/22/28
0.20%
1D OBFR01
Monthly
(8,765
)
Broadridge Financial Solutions,
Inc.
Citibank NA
2,406,228
02/22/28
0.20%
1D OBFR01
Monthly
164,122
Brookfield Corp.
Citibank NA
4,761,935
02/22/28
0.20%
1D CORRA
Monthly
53,341
Brown-Forman Corp.
Morgan Stanley & Co. International
PLC
7,157
12/09/27
0.20%
1D FEDL01
Monthly
629
Bruker Corp.
Goldman Sachs Bank USA
336,867
08/18/26
0.20%
1D FEDL01
Monthly
5,988
BT Group PLC
Goldman Sachs Bank USA
4,428,666
08/19/26
0.25%
1D SONIA
Monthly
136,051
Bureau Veritas SA
Barclays Bank PLC
9,658,633
02/14/28
0.26%
1D ESTR
Monthly
166,880
Burlington Stores, Inc.
Goldman Sachs Bank USA
5,658,138
08/18/26
0.20%
1D FEDL01
Monthly
380,880
BWX Technologies, Inc.
Citibank NA
111,058
02/22/28
0.20%
1D OBFR01
Monthly
(4,102
)
Cadence Design Systems, Inc.
Citibank NA
1,348,377
02/22/28
0.20%
1D OBFR01
Monthly
12,043
CaixaBank SA
Citibank NA
10,814,051
11/11/26
0.26%
1D ESTR
Monthly
(399,251
)
Cal-Maine Foods, Inc.
Morgan Stanley & Co. International
PLC
3,009,205
12/09/27
0.20%
1D FEDL01
Monthly
(2,740
)
Camden Property Trust
Goldman Sachs Bank USA
2,714,302
08/18/26
0.20%
1D FEDL01
Monthly
(25,719
)
15 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Campbell's Co. (The)
Goldman Sachs Bank USA
$6,808
08/18/26
0.20%
1D FEDL01
Monthly
$28
Canadian Apartment Properties
REIT
Goldman Sachs Bank USA
763,353
08/18/26
0.20%
1D CORRA
Monthly
(13,534
)
Canadian Imperial Bank of
Commerce/New York
Goldman Sachs Bank USA
14,810,869
08/18/26
0.20%
1D CORRA
Monthly
(71,406
)
Canadian National Railway
Co.
Goldman Sachs Bank USA
19,790,322
08/18/26
0.20%
1D CORRA
Monthly
453,135
Canadian Natural Resources
Ltd.
Citibank NA
31,905,857
02/22/28
0.20%
1D CORRA
Monthly
1,144,967
Canadian Tire Corp. Ltd.
Barclays Bank PLC
10,311,025
01/11/27
0.20%
CABROVER
Monthly
341,282
Canon, Inc.
Goldman Sachs Bank USA
7,039,409
08/19/26
0.25%
1D P TONA
Monthly
8,440
Capgemini SE
Goldman Sachs Bank USA
5,028,028
08/19/26
0.18%
1D ESTR
Monthly
506,365
Capital One Financial Corp.
Citibank NA
2,489,816
02/22/28
0.20%
1D OBFR01
Monthly
94,592
Capital Power Corp.
Goldman Sachs Bank USA
511,848
08/18/26
0.20%
1D CORRA
Monthly
(52,259
)
CapitaLand Integrated
Commercial Trust
Citibank NA
3,467,187
02/24/27
0.30%
SORA
Monthly
26,525
Capstone Copper Corp.
Goldman Sachs Bank USA
3,030,657
08/18/26
0.20%
1D CORRA
Monthly
48,583
Cardinal Health, Inc.
Barclays Bank PLC
5,974,649
01/11/27
0.20%
1D OBFR01
Monthly
257,094
Cardinal Health, Inc.
Morgan Stanley & Co. International
PLC
2,039,774
12/09/27
0.20%
1D FEDL01
Monthly
87,773
CareTrust REIT, Inc.
Goldman Sachs Bank USA
1,357,866
08/18/26
0.20%
1D FEDL01
Monthly
62,306
CareTrust REIT, Inc.
Morgan Stanley & Co. International
PLC
316,790
12/09/27
0.20%
1D FEDL01
Monthly
(3,289
)
Carlisle Cos., Inc.
Citibank NA
2,792,368
02/22/28
0.20%
1D OBFR01
Monthly
239,598
Carpenter Technology Corp.
Goldman Sachs Bank USA
6,823,053
08/18/26
0.20%
1D FEDL01
Monthly
(679,113
)
Carpenter Technology Corp.
Goldman Sachs Bank USA
856,416
08/18/26
0.20%
1D FEDL01
Monthly
(85,241
)
Carrier Global Corp.
Goldman Sachs Bank USA
21,447
08/18/26
0.20%
1D FEDL01
Monthly
(2,162
)
Casey's General Stores, Inc.
Goldman Sachs Bank USA
18,595
08/18/26
0.20%
1D FEDL01
Monthly
1,438
Casey's General Stores, Inc.
Morgan Stanley & Co. International
PLC
2,272,931
12/09/27
0.20%
1D FEDL01
Monthly
37,832
Castellum AB
Goldman Sachs Bank USA
271,958
08/19/26
0.26%
1D STIBOR
Monthly
691
Caterpillar, Inc.
Citibank NA
8,896,657
02/22/28
0.20%
1D OBFR01
Monthly
(745,298
)
Cava Group, Inc.
Barclays Bank PLC
1,578,827
01/11/27
0.20%
1D OBFR01
Monthly
72,927
Cavco Industries, Inc.
Morgan Stanley & Co. International
PLC
991,317
12/09/27
0.20%
1D FEDL01
Monthly
(40,032
)
Cboe Global Markets, Inc.
Citibank NA
14,654
02/22/28
0.20%
1D OBFR01
Monthly
1,478
CBRE Group, Inc.
Citibank NA
10,566,897
02/22/28
0.20%
1D OBFR01
Monthly
749,218
CDW Corp./DE
Citibank NA
273,032
02/22/28
0.20%
1D OBFR01
Monthly
37,812
CDW Corp./DE
Goldman Sachs Bank USA
784,137
08/18/26
0.20%
1D FEDL01
Monthly
(596
)
Celestica, Inc.
Citibank NA
1,857,594
02/22/28
0.20%
1D CORRA
Monthly
(13,497
)
Cellnex Telecom SA
Goldman Sachs Bank USA
6,794,240
08/19/26
0.26%
1D ESTR
Monthly
355,836
Celsius Holdings, Inc.
Goldman Sachs Bank USA
184,877
08/18/26
0.20%
1D FEDL01
Monthly
2,096
CF Industries Holdings, Inc.
Citibank NA
444,197
02/22/28
0.20%
1D OBFR01
Monthly
(7,534
)
CG oncology, Inc.
Citibank NA
1,346,624
02/22/28
0.20%
1D OBFR01
Monthly
36,527
CGI, Inc.
Barclays Bank PLC
19,394,255
01/11/27
0.20%
CABROVER
Monthly
2,119,919
CH Robinson Worldwide, Inc.
Citibank NA
3,270,324
02/22/28
0.20%
1D OBFR01
Monthly
(940,327
)
CH Robinson Worldwide, Inc.
Morgan Stanley & Co. International
PLC
2,667,089
12/09/27
0.20%
1D FEDL01
Monthly
(747,928
)
Charles River Laboratories
International, Inc.
Goldman Sachs Bank USA
159,431
08/18/26
0.20%
1D FEDL01
Monthly
(1,557
)
Charles Schwab Corp/The
Barclays Bank PLC
14,684,846
01/11/27
0.20%
1D OBFR01
Monthly
646,833
Charter Hall Group
Citibank NA
5,007,058
02/24/27
0.30%
1D AONIA
Monthly
166,606
Check Point Software
Technologies Ltd.
Morgan Stanley & Co. International
PLC
5,442,845
12/09/27
0.20%
1D FEDL01
Monthly
(55,076
)
Cheesecake Factory, Inc./The
Goldman Sachs Bank USA
5,057
08/18/26
0.20%
1D FEDL01
Monthly
1,332
Chemed Corp.
Citibank NA
1,872,087
02/22/28
0.20%
1D OBFR01
Monthly
106,818
Cheniere Energy, Inc.
Morgan Stanley & Co. International
PLC
5,812,741
12/09/27
0.20%
1D FEDL01
Monthly
(83,257
)
 
16

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Chevron Corp.
Barclays Bank PLC
$3,171,819
01/11/27
0.20%
1D OBFR01
Monthly
$63,279
Chevron Corp.
Goldman Sachs Bank USA
36,852,769
08/18/26
0.20%
1D FEDL01
Monthly
2,937,400
Chime Financial, Inc.
Barclays Bank PLC
1,738,814
01/11/27
0.20%
1D OBFR01
Monthly
93,236
Chime Financial, Inc.
Citibank NA
804,896
02/22/28
0.20%
1D OBFR01
Monthly
43,159
Chipotle Mexican Grill, Inc.
Citibank NA
17,681,632
02/22/28
0.20%
1D OBFR01
Monthly
2,756,577
Chocoladefabriken Lindt &
Spruengli AG
Barclays Bank PLC
3,580,939
02/14/28
0.26%
SSARON
Monthly
(37,524
)
Chord Energy Corp.
Goldman Sachs Bank USA
111,713
08/18/26
0.20%
1D FEDL01
Monthly
15,331
Chugai Pharmaceutical Co.
Ltd.
Goldman Sachs Bank USA
554,300
08/19/26
0.25%
1D P TONA
Monthly
(11,908
)
Church & Dwight Co., Inc.
Barclays Bank PLC
6,876,124
01/11/27
0.20%
1D OBFR01
Monthly
118,932
Cie Generale des
Etablissements Michelin
SCA
Morgan Stanley & Co. International
PLC
10,178,149
12/09/27
0.26%
1D ESTR
Monthly
40,385
Ciena Corp.
Citibank NA
795,909
02/22/28
0.20%
1D OBFR01
Monthly
(40,300
)
Ciena Corp.
Citibank NA
2,607,273
02/22/28
0.20%
1D OBFR01
Monthly
(125,530
)
Cigna Group/The
Citibank NA
17,376
02/22/28
0.20%
1D OBFR01
Monthly
(354
)
Cigna Group/The
Morgan Stanley & Co. International
PLC
3,122,811
12/09/27
0.20%
1D FEDL01
Monthly
(63,585
)
Cincinnati Financial Corp.
Barclays Bank PLC
11,291
01/11/27
0.20%
1D OBFR01
Monthly
(98
)
Cintas Corp.
Morgan Stanley & Co. International
PLC
2,903,007
12/09/27
0.20%
1D FEDL01
Monthly
47,144
Cirrus Logic, Inc.
Morgan Stanley & Co. International
PLC
7,220,690
12/09/27
0.20%
1D FEDL01
Monthly
(466,163
)
Cisco Systems, Inc.
Barclays Bank PLC
4,272,457
01/11/27
0.20%
1D OBFR01
Monthly
130,060
Citigroup, Inc.
Barclays Bank PLC
38,022,043
01/11/27
0.20%
1D OBFR01
Monthly
57,465
Citizens Financial Group, Inc.
Goldman Sachs Bank USA
27,950,225
08/18/26
0.20%
1D FEDL01
Monthly
139,011
Citizens Financial Group, Inc.
Morgan Stanley & Co. International
PLC
26,223
12/09/27
0.20%
1D FEDL01
Monthly
(286
)
CK Asset Holdings Ltd.
Morgan Stanley & Co. International
PLC
1,778,944
12/09/27
0.30%
HONIA
Monthly
(3,412
)
CK Hutchison Holdings Ltd.
Citibank NA
50,109
02/24/27
0.30%
HONIA
Monthly
1,422
CK Infrastructure Holdings Ltd.
Citibank NA
541,980
02/24/27
0.30%
HONIA
Monthly
4,413
Clean Harbors, Inc.
Goldman Sachs Bank USA
4,937,043
08/18/26
0.20%
1D FEDL01
Monthly
154,766
Clear Secure, Inc.
Goldman Sachs Bank USA
225,103
08/18/26
0.20%
1D FEDL01
Monthly
2,430
Clorox Co./The
Barclays Bank PLC
52,285
01/11/27
0.20%
1D OBFR01
Monthly
(126
)
CME Group, Inc.
Morgan Stanley & Co. International
PLC
4,088,034
12/09/27
0.20%
1D FEDL01
Monthly
304,257
CME Group, Inc.
Morgan Stanley & Co. International
PLC
6,600,872
12/09/27
0.20%
1D FEDL01
Monthly
491,278
Co.lgate-Palmolive Co.
Goldman Sachs Bank USA
1,227,527
08/18/26
0.20%
1D FEDL01
Monthly
(2,281
)
Coca-Cola Bottlers Japan
Holdings, Inc.
Goldman Sachs Bank USA
234,961
08/19/26
0.25%
1D P TONA
Monthly
(35,504
)
Cochlear Ltd.
Goldman Sachs Bank USA
136,186
08/19/26
0.30%
1D AONIA
Monthly
(3,433
)
Coeur Mining, Inc.
Barclays Bank PLC
461,188
01/11/27
0.20%
1D OBFR01
Monthly
(14,365
)
Cogent Biosciences, Inc.
Goldman Sachs Bank USA
985,212
08/18/26
0.20%
1D FEDL01
Monthly
(9,276
)
Cognex Corp.
Barclays Bank PLC
4,174,459
01/11/27
0.20%
1D OBFR01
Monthly
194,729
Cognex Corp.
Morgan Stanley & Co. International
PLC
243,531
12/09/27
0.20%
1D FEDL01
Monthly
10,514
Cognizant Technology
Solutions Corp.
Citibank NA
5,833,963
02/22/28
0.20%
1D OBFR01
Monthly
1,644,264
Cognizant Technology
Solutions Corp.
Goldman Sachs Bank USA
6,654,824
08/18/26
0.20%
1D FEDL01
Monthly
1,502,272
Coherent Corp.
Goldman Sachs Bank USA
341,892
08/18/26
0.20%
1D FEDL01
Monthly
(41,672
)
Columbia Banking System,
Inc.
Barclays Bank PLC
56,907
01/11/27
0.20%
1D OBFR01
Monthly
(2,372
)
Columbia Banking System,
Inc.
Morgan Stanley & Co. International
PLC
1,696,271
12/09/27
0.20%
1D FEDL01
Monthly
(70,700
)
17 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Comcast Corp.
Barclays Bank PLC
$4,605,576
01/11/27
0.20%
1D OBFR01
Monthly
$101,630
Comcast Corp.
Citibank NA
13,524
02/22/28
0.20%
1D OBFR01
Monthly
253
Comfort Systems USA, Inc.
Citibank NA
4,349,992
02/22/28
0.20%
1D OBFR01
Monthly
(134,737
)
Commerzbank AG
Goldman Sachs Bank USA
253,521
08/19/26
0.26%
1D ESTR
Monthly
1,010
Computershare Ltd.
Barclays Bank PLC
4,011,761
12/11/28
0.00%
1D AONIA
Monthly
94,972
Conagra Brands, Inc.
Barclays Bank PLC
10,107,090
01/11/27
0.20%
1D OBFR01
Monthly
(218,090
)
Conagra Brands, Inc.
Barclays Bank PLC
43,660
01/11/27
0.20%
1D OBFR01
Monthly
(942
)
ConocoPhillips
Morgan Stanley & Co. International
PLC
602,147
12/09/27
0.20%
1D FEDL01
Monthly
8,567
Constellation Brands, Inc.
Goldman Sachs Bank USA
11,337,959
08/18/26
0.20%
1D FEDL01
Monthly
(116,171
)
Continental AG
Citibank NA
2,999,425
11/11/26
0.24%
1D ESTR
Monthly
42,104
Cooper Cos., Inc./The
Goldman Sachs Bank USA
27,534
08/18/26
0.20%
1D FEDL01
Monthly
671
Corning, Inc.
Morgan Stanley & Co. International
PLC
694,811
12/09/27
0.20%
1D FEDL01
Monthly
(71,303
)
Corteva, Inc.
Morgan Stanley & Co. International
PLC
398,208
12/09/27
0.20%
1D FEDL01
Monthly
(44,170
)
Costco Wholesale Corp.
Barclays Bank PLC
6,348,364
01/11/27
0.20%
1D OBFR01
Monthly
168,275
Credit Agricole SA
Morgan Stanley & Co. International
PLC
384,534
12/09/27
0.26%
1D ESTR
Monthly
23,986
Credo Technology Group
Holding Ltd.
Citibank NA
253,836
02/22/28
0.20%
1D OBFR01
Monthly
(23,663
)
CRH PLC
Goldman Sachs Bank USA
10,089,526
08/18/26
0.20%
1D FEDL01
Monthly
(868,615
)
CRH PLC
Goldman Sachs Bank USA
10,916
08/18/26
0.20%
1D FEDL01
Monthly
(940
)
CRISPR Therapeutics AG
Goldman Sachs Bank USA
607,102
08/18/26
0.20%
1D FEDL01
Monthly
3,475
Crowdstrike Holdings, Inc.
Barclays Bank PLC
2,684,608
01/11/27
0.20%
1D OBFR01
Monthly
34,765
Crown Holdings, Inc.
Barclays Bank PLC
1,129,720
01/11/27
0.20%
1D OBFR01
Monthly
13,778
CSL Ltd.
Citibank NA
3,809,254
02/24/27
0.30%
1D AONIA
Monthly
159,357
CSX Corp.
Goldman Sachs Bank USA
686,583
08/18/26
0.20%
1D FEDL01
Monthly
13,473
CubeSmart
Goldman Sachs Bank USA
5,462
08/18/26
0.20%
1D FEDL01
Monthly
135
Cullen/Frost Bankers, Inc.
Morgan Stanley & Co. International
PLC
271,299
12/09/27
0.20%
1D FEDL01
Monthly
6,822
Cummins, Inc.
Citibank NA
261,442
02/22/28
0.20%
1D OBFR01
Monthly
8,727
Curtiss-Wright Corp.
Goldman Sachs Bank USA
4,510
08/18/26
0.20%
1D FEDL01
Monthly
(166
)
CVS Health Corp.
Barclays Bank PLC
2,234,446
01/11/27
0.20%
1D OBFR01
Monthly
(75,460
)
CVS Health Corp.
Citibank NA
3,685,011
02/22/28
0.20%
1D OBFR01
Monthly
(123,530
)
CyberAgent, Inc.
Morgan Stanley & Co. International
PLC
5,656,697
12/09/27
0.25%
1D P TONA
Monthly
166,781
Cytokinetics, Inc.
Goldman Sachs Bank USA
169,552
08/18/26
0.20%
1D FEDL01
Monthly
(2,720
)
Daifuku Co Ltd.
Morgan Stanley & Co. International
PLC
2,036,043
12/09/27
0.25%
1D P TONA
Monthly
(94,776
)
Daiichi Life Group, Inc.
Barclays Bank PLC
15,086,068
12/11/28
0.00%
1D P TONA
Monthly
164,085
Daimler Truck Holding AG
Citibank NA
1,578,592
11/11/26
0.26%
1D ESTR
Monthly
69,586
Daiwa Securities Group, Inc.
Goldman Sachs Bank USA
8,538,493
08/19/26
0.25%
1D P TONA
Monthly
(450,555
)
Danaher Corp.
Citibank NA
966,102
02/22/28
0.20%
1D OBFR01
Monthly
85,425
Danone SA
Citibank NA
9,391,603
11/11/26
0.26%
1D ESTR
Monthly
(325,868
)
Danske Bank A/S
Goldman Sachs Bank USA
6,619,650
08/19/26
0.26%
DESTR
Monthly
67,908
Darden Restaurants, Inc.
Barclays Bank PLC
2,768,106
01/11/27
0.20%
1D OBFR01
Monthly
137,592
Darden Restaurants, Inc.
Goldman Sachs Bank USA
308,798
08/18/26
0.20%
1D FEDL01
Monthly
(12,589
)
Dassault Systemes SE
Citibank NA
3,250,904
11/11/26
0.26%
1D ESTR
Monthly
442,089
Datadog, Inc.
Goldman Sachs Bank USA
1,409,323
08/18/26
0.20%
1D FEDL01
Monthly
18,958
Datadog, Inc.
Goldman Sachs Bank USA
3,489,550
08/18/26
0.20%
1D FEDL01
Monthly
46,314
DaVita, Inc.
Citibank NA
7,290,287
02/22/28
0.20%
1D OBFR01
Monthly
238,936
Deckers Outdoor Corp.
Barclays Bank PLC
2,440,785
01/11/27
0.20%
1D OBFR01
Monthly
(136,397
)
Deere & Co.
Morgan Stanley & Co. International
PLC
2,978,251
12/09/27
0.20%
1D FEDL01
Monthly
(72,983
)
Dell Technologies, Inc.
Morgan Stanley & Co. International
PLC
19,999,844
12/09/27
0.20%
1D FEDL01
Monthly
(1,649,150
)
Delta Air Lines, Inc.
Citibank NA
5,303,178
02/22/28
0.20%
1D OBFR01
Monthly
232,998
 
18

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Denso Corp.
Goldman Sachs Bank USA
$16,817,599
08/19/26
0.25%
1D P TONA
Monthly
$(117,062
)
Dentsu Group, Inc.
Citibank NA
2,741,797
02/24/27
0.25%
1D P TONA
Monthly
133,865
Deutsche Bank AG
Citibank NA
3,720,938
11/11/26
0.26%
1D ESTR
Monthly
82,555
Deutsche Boerse AG
Morgan Stanley & Co. International
PLC
5,917,776
12/09/27
0.26%
1D ESTR
Monthly
172,835
Deutsche Post AG
Goldman Sachs Bank USA
18,968,365
08/19/26
0.26%
1D ESTR
Monthly
76,548
Deutsche Telekom AG
Citibank NA
20,962,295
11/11/26
0.26%
1D ESTR
Monthly
(354,571
)
Devon Energy Corp.
Morgan Stanley & Co. International
PLC
29,800
12/09/27
0.20%
1D FEDL01
Monthly
166
Dexcom, Inc.
Goldman Sachs Bank USA
615,223
08/18/26
0.20%
1D FEDL01
Monthly
90,680
DiaSorin SpA
Citibank NA
388,683
11/11/26
0.26%
1D ESTR
Monthly
17,709
Dick's Sporting Goods, Inc.
Barclays Bank PLC
635,433
01/11/27
0.20%
1D OBFR01
Monthly
(43,001
)
Digital Realty Trust, Inc.
Barclays Bank PLC
11,680,146
01/11/27
0.20%
1D OBFR01
Monthly
661,881
Dillard's, Inc.
Citibank NA
1,530,490
02/22/28
0.20%
1D OBFR01
Monthly
(2,571
)
Dillard's, Inc.
Citibank NA
775,560
02/22/28
0.20%
1D OBFR01
Monthly
(1,305
)
Diploma PLC
Barclays Bank PLC
11,886,738
02/14/28
0.25%
1D SONIA
Monthly
(371,390
)
DMG Mori Co Ltd.
Barclays Bank PLC
731,379
12/11/28
0.00%
1D P TONA
Monthly
28,234
DNB Bank ASA
Citibank NA
716,855
11/11/26
0.26%
NOWA
Monthly
19,205
Dollar General Corp.
Barclays Bank PLC
19,194,031
01/11/27
0.20%
1D OBFR01
Monthly
1,087,087
Dollar Tree, Inc.
Goldman Sachs Bank USA
4,248,091
08/18/26
0.20%
1D FEDL01
Monthly
16,116
Dollar Tree, Inc.
Morgan Stanley & Co. International
PLC
761,361
12/09/27
0.20%
1D FEDL01
Monthly
31,539
Domino's Pizza, Inc.
Barclays Bank PLC
248,508
01/11/27
0.20%
1D OBFR01
Monthly
21,453
Domino's Pizza, Inc.
Goldman Sachs Bank USA
2,649,765
08/18/26
0.20%
1D FEDL01
Monthly
284,366
Donaldson Co., Inc.
Barclays Bank PLC
5,455,690
01/11/27
0.20%
1D OBFR01
Monthly
196,731
DoorDash, Inc.
Goldman Sachs Bank USA
298,741
08/18/26
0.20%
1D FEDL01
Monthly
9,426
Dover Corp.
Citibank NA
4,037,669
02/22/28
0.20%
1D OBFR01
Monthly
(186,516
)
Dow, Inc.
Citibank NA
40,094
02/22/28
0.20%
1D OBFR01
Monthly
(1,232
)
Dow, Inc.
Goldman Sachs Bank USA
10,700,791
08/18/26
0.20%
1D FEDL01
Monthly
212,575
Dowa Holdings Co. Ltd.
Citibank NA
760,096
02/24/27
0.25%
1D P TONA
Monthly
(30,494
)
Doximity, Inc.
Goldman Sachs Bank USA
6,700
08/18/26
0.20%
1D FEDL01
Monthly
(406
)
DR Horton, Inc.
Citibank NA
31,782
02/22/28
0.20%
1D OBFR01
Monthly
120
DR Horton, Inc.
Morgan Stanley & Co. International
PLC
6,802,522
12/09/27
0.20%
1D FEDL01
Monthly
(32,780
)
Dropbox, Inc.
Citibank NA
8,310,104
02/22/28
0.20%
1D OBFR01
Monthly
1,075,804
DSM-Firmenich AG
Goldman Sachs Bank USA
881,582
08/19/26
0.26%
1D ESTR
Monthly
105,830
DT Midstream, Inc.
Morgan Stanley & Co. International
PLC
916,295
12/09/27
0.20%
1D FEDL01
Monthly
(34,751
)
DTE Energy Co.
Barclays Bank PLC
3,345,197
01/11/27
0.20%
1D OBFR01
Monthly
(150,427
)
Duke Energy Corp.
Goldman Sachs Bank USA
206,777
08/18/26
0.20%
1D FEDL01
Monthly
1,813
DuPont de Nemours, Inc.
Goldman Sachs Bank USA
8,587,109
08/18/26
0.20%
1D FEDL01
Monthly
106,226
DuPont de Nemours, Inc.
Goldman Sachs Bank USA
3,294,702
08/18/26
0.20%
1D FEDL01
Monthly
53,167
Dycom Industries, Inc.
Citibank NA
946,447
02/22/28
0.20%
1D OBFR01
Monthly
(72,114
)
Dynatrace, Inc.
Barclays Bank PLC
2,984,538
01/11/27
0.20%
1D OBFR01
Monthly
213,594
Eagle Materials, Inc.
Citibank NA
18,507
02/22/28
0.20%
1D OBFR01
Monthly
143
East West Bancorp, Inc.
Barclays Bank PLC
68,169
01/11/27
0.20%
1D OBFR01
Monthly
(311
)
East West Bancorp, Inc.
Goldman Sachs Bank USA
2,292,167
08/18/26
0.20%
1D FEDL01
Monthly
(34,513
)
Eastman Chemical Co.
Barclays Bank PLC
51,480
01/11/27
0.20%
1D OBFR01
Monthly
423
Eastman Chemical Co.
Morgan Stanley & Co. International
PLC
516,673
12/09/27
0.20%
1D FEDL01
Monthly
4,245
Eaton Corp PLC
Goldman Sachs Bank USA
49,130
08/18/26
0.20%
1D FEDL01
Monthly
278
eBay, Inc.
Barclays Bank PLC
958,386
01/11/27
0.20%
1D OBFR01
Monthly
26,432
Ecolab, Inc.
Barclays Bank PLC
516,680
01/11/27
0.20%
1D OBFR01
Monthly
20,812
Edison International
Citibank NA
288,162
02/22/28
0.20%
1D OBFR01
Monthly
(25,131
)
EDP SA
Morgan Stanley & Co. International
PLC
7,482,678
12/09/27
0.26%
1D ESTR
Monthly
(236,242
)
Edwards Lifesciences Corp.
Morgan Stanley & Co. International
PLC
1,948,778
12/09/27
0.20%
1D FEDL01
Monthly
39,267
19 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Eiffage SA
Goldman Sachs Bank USA
$3,404,829
08/19/26
0.18%
1D ESTR
Monthly
$33,569
Eisai Co. Ltd.
Morgan Stanley & Co. International
PLC
1,449,892
12/09/27
0.25%
1D P TONA
Monthly
74,294
Element Fleet Management
Corp.
Goldman Sachs Bank USA
4,996,590
08/18/26
0.20%
1D CORRA
Monthly
267,734
Elevance Health, Inc.
Citibank NA
12,770,647
02/22/28
0.20%
1D OBFR01
Monthly
(430,316
)
Eli Lilly & Co.
Barclays Bank PLC
2,627,240
01/11/27
0.20%
1D OBFR01
Monthly
(32,010
)
EMCOR Group, Inc.
Barclays Bank PLC
1,996,720
01/11/27
0.20%
1D OBFR01
Monthly
130,025
Emera, Inc.
Citibank NA
6,160,096
02/22/28
0.20%
1D CORRA
Monthly
(128,822
)
Emerson Electric Co.
Barclays Bank PLC
24,030,903
01/11/27
0.20%
1D OBFR01
Monthly
1,638,656
Empire Co. Ltd.
Citibank NA
1,594,657
02/22/28
0.20%
1D CORRA
Monthly
49,342
EMS-Chemie Holding AG
Goldman Sachs Bank USA
328,931
08/19/26
0.26%
SSARON
Monthly
16,379
Enagas SA
Morgan Stanley & Co. International
PLC
468,270
12/09/27
0.26%
1D ESTR
Monthly
(14,658
)
Endeavour Mining PLC
Goldman Sachs Bank USA
644,948
08/19/26
0.25%
1D SONIA
Monthly
4,704
Endesa SA
Morgan Stanley & Co. International
PLC
7,016,940
12/09/27
0.26%
1D ESTR
Monthly
189,033
Enel SpA
Goldman Sachs Bank USA
29,256,860
08/19/26
0.26%
1D ESTR
Monthly
(945,993
)
ENEOS Holdings, Inc.
Morgan Stanley & Co. International
PLC
18,691,803
12/09/27
0.25%
1D P TONA
Monthly
(87,822
)
EnerSys
Morgan Stanley & Co. International
PLC
1,494,324
12/09/27
0.20%
1D FEDL01
Monthly
(113,275
)
Eni SpA
Barclays Bank PLC
8,539,677
02/14/28
0.26%
1D ESTR
Monthly
683,137
Ensign Group, Inc./The
Goldman Sachs Bank USA
1,594,964
08/18/26
0.20%
1D FEDL01
Monthly
102,723
Entain PLC
Goldman Sachs Bank USA
1,230,301
08/19/26
0.25%
1D SONIA
Monthly
(65,994
)
Entegris, Inc.
Barclays Bank PLC
6,966,112
01/11/27
0.20%
1D OBFR01
Monthly
(933,848
)
EOG Resources, Inc.
Citibank NA
1,408,896
02/22/28
0.20%
1D OBFR01
Monthly
45,887
EOG Resources, Inc.
Morgan Stanley & Co. International
PLC
15,326,308
12/09/27
0.20%
1D FEDL01
Monthly
492,969
EQT Corp.
Citibank NA
1,745,009
02/22/28
0.20%
1D OBFR01
Monthly
(23,262
)
Equifax, Inc.
Citibank NA
8,169,810
02/22/28
0.20%
1D OBFR01
Monthly
86,086
Equinix, Inc.
Goldman Sachs Bank USA
182,023
08/18/26
0.20%
1D FEDL01
Monthly
(591
)
Equinix, Inc.
Morgan Stanley & Co. International
PLC
10,039,680
12/09/27
0.20%
1D FEDL01
Monthly
(100,681
)
Equinor ASA
Morgan Stanley & Co. International
PLC
15,902,801
04/24/28
0.26%
NOWA
Monthly
338,334
Erste Group Bank AG
Citibank NA
2,594,742
11/11/26
0.26%
1D ESTR
Monthly
(61,198
)
ESCO Technologies, Inc.
Goldman Sachs Bank USA
44,288
08/18/26
0.20%
1D FEDL01
Monthly
(1,724
)
EssilorLuxottica SA
Citibank NA
9,096,324
11/11/26
0.22%
1D ESTR
Monthly
(12,286
)
Estee Lauder Cos., Inc./The
Morgan Stanley & Co. International
PLC
5,843,346
12/09/27
0.20%
1D FEDL01
Monthly
89,811
Etsy, Inc.
Barclays Bank PLC
9,451,974
01/11/27
0.20%
1D OBFR01
Monthly
140,934
Eurofins Scientific SE
Barclays Bank PLC
6,872,188
02/14/28
0.26%
1D ESTR
Monthly
(213,503
)
Evercore, Inc.
Barclays Bank PLC
1,737,661
01/11/27
0.20%
1D OBFR01
Monthly
(81,648
)
Evercore, Inc.
Goldman Sachs Bank USA
1,129,204
08/18/26
0.20%
1D FEDL01
Monthly
(105,656
)
Everest Group Ltd.
Goldman Sachs Bank USA
51,706
08/18/26
0.20%
1D FEDL01
Monthly
1,423
Everpure, Inc.
Barclays Bank PLC
1,972,865
01/11/27
0.20%
1D OBFR01
Monthly
68,513
Everpure, Inc.
Goldman Sachs Bank USA
461,148
08/18/26
0.20%
1D FEDL01
Monthly
41,846
Everus Construction Group,
Inc.
Barclays Bank PLC
1,371,396
01/11/27
0.20%
1D OBFR01
Monthly
(116,093
)
Evolution Mining Ltd.
Citibank NA
6,027,880
02/24/27
0.30%
1D AONIA
Monthly
(48,366
)
Evonik Industries AG
Citibank NA
2,926,755
11/11/26
0.26%
1D ESTR
Monthly
137,942
Exelixis, Inc.
Citibank NA
4,871,708
02/22/28
0.20%
1D OBFR01
Monthly
(173,568
)
Exelon Corp.
Goldman Sachs Bank USA
8,908,331
08/18/26
0.20%
1D FEDL01
Monthly
(61,268
)
Expand Energy Corp.
Barclays Bank PLC
2,940,538
01/11/27
0.20%
1D OBFR01
Monthly
27,142
Expedia Group, Inc.
Goldman Sachs Bank USA
3,554,700
08/18/26
0.20%
1D FEDL01
Monthly
367,700
Expeditors International of
Washington, Inc.
Barclays Bank PLC
3,120,419
01/11/27
0.20%
1D OBFR01
Monthly
(159,847
)
 
20

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Expeditors International of
Washington, Inc.
Morgan Stanley & Co. International
PLC
$13,397,298
12/09/27
0.20%
1D FEDL01
Monthly
$(721,770
)
ExxonMobil Holdings Corp.
Citibank NA
740,897
02/22/28
0.20%
1D OBFR01
Monthly
4,749
F5, Inc.
Citibank NA
3,744,283
02/22/28
0.11%
1D OBFR01
Monthly
21,357
F5, Inc.
Morgan Stanley & Co. International
PLC
485,539
12/09/27
0.20%
1D FEDL01
Monthly
2,376
FactSet Research Systems,
Inc.
Barclays Bank PLC
57,379
01/11/27
0.20%
1D OBFR01
Monthly
4,210
FactSet Research Systems,
Inc.
Citibank NA
3,559,957
02/22/28
0.20%
1D OBFR01
Monthly
215,121
FANUC Corp.
Morgan Stanley & Co. International
PLC
2,008,253
12/09/27
0.25%
1D P TONA
Monthly
(130,484
)
Fastenal Co.
Morgan Stanley & Co. International
PLC
4,571,123
12/09/27
0.20%
1D FEDL01
Monthly
240,002
FedEx Corp.
Citibank NA
6,241,372
02/22/28
0.20%
1D OBFR01
Monthly
(244,920
)
FedEx Corp.
Morgan Stanley & Co. International
PLC
10,915
12/09/27
0.20%
1D FEDL01
Monthly
(463
)
Ferguson Enterprises, Inc.
Morgan Stanley & Co. International
PLC
1,725,083
12/09/27
0.20%
1D FEDL01
Monthly
30,986
Fidelity National Financial, Inc.
Goldman Sachs Bank USA
32,384
08/18/26
0.20%
1D FEDL01
Monthly
943
Fidelity National Information
Services, Inc.
Citibank NA
6,646,817
02/22/28
0.20%
1D OBFR01
Monthly
693,538
Fifth Third BanCorp.
Goldman Sachs Bank USA
58,114
08/18/26
0.20%
1D FEDL01
Monthly
(1,444
)
Figma, Inc.
Goldman Sachs Bank USA
413,459
08/18/26
0.20%
1D FEDL01
Monthly
(7,388
)
Finning International, Inc.
Goldman Sachs Bank USA
3,696,511
08/18/26
0.20%
1D CORRA
Monthly
(486,810
)
First Citizens BancShares,
Inc./NC
Goldman Sachs Bank USA
2,196,351
08/18/26
0.20%
1D FEDL01
Monthly
86,511
First Horizon Corp.
Barclays Bank PLC
13,970,756
01/11/27
0.20%
1D OBFR01
Monthly
(34,929
)
First Majestic Silver Corp.
Citibank NA
9,380,705
02/22/28
0.20%
1D CORRA
Monthly
(1,268,496
)
First Solar, Inc.
Goldman Sachs Bank USA
156,003
08/18/26
0.20%
1D FEDL01
Monthly
(8,915
)
FirstEnergy Corp.
Goldman Sachs Bank USA
2,767,178
08/18/26
0.20%
1D FEDL01
Monthly
(18,774
)
Flex Ltd.
Morgan Stanley & Co. International
PLC
3,651,122
12/09/27
0.20%
1D FEDL01
Monthly
(345,775
)
Flowserve Corp.
Citibank NA
889,280
02/22/28
0.20%
1D OBFR01
Monthly
72,298
Flowserve Corp.
Goldman Sachs Bank USA
22,183
08/18/26
0.20%
1D FEDL01
Monthly
2,286
Fluor Corp.
Citibank NA
1,274,840
02/22/28
0.20%
1D OBFR01
Monthly
(35,090
)
FNB Corp./PA
Citibank NA
3,584,013
02/22/28
0.20%
1D OBFR01
Monthly
4,058
FormFactor, Inc.
Goldman Sachs Bank USA
1,065,568
08/18/26
0.20%
1D FEDL01
Monthly
(88,422
)
Fortescue Ltd.
Goldman Sachs Bank USA
4,823,202
08/19/26
0.30%
1D AONIA
Monthly
(156,954
)
Fortinet, Inc.
Morgan Stanley & Co. International
PLC
2,302,027
12/09/27
0.20%
1D FEDL01
Monthly
102,444
Fortis, Inc./Canada
Citibank NA
10,654,792
02/22/28
0.20%
1D CORRA
Monthly
(303,533
)
Fortive Corp.
Barclays Bank PLC
20,805,083
01/11/27
0.20%
1D OBFR01
Monthly
(355,488
)
Fortuna Mining Corp.
Goldman Sachs Bank USA
462,053
08/18/26
0.20%
1D CORRA
Monthly
(3,495
)
Fortune Brands Innovations,
Inc.
Citibank NA
9,088
02/22/28
0.20%
1D OBFR01
Monthly
(172
)
Fox Corp.
Citibank NA
11,770,333
02/22/28
0.20%
1D OBFR01
Monthly
371,146
Franklin Resources, Inc.
Barclays Bank PLC
8,743,950
01/11/27
0.20%
1D OBFR01
Monthly
399,469
Franklin Resources, Inc.
Citibank NA
58,284
02/22/28
0.20%
1D OBFR01
Monthly
2,664
Freeport-McMoRan, Inc.
Morgan Stanley & Co. International
PLC
6,213,350
12/09/27
0.20%
1D FEDL01
Monthly
(226,548
)
Freeport-McMoRan, Inc.
Morgan Stanley & Co. International
PLC
946,186
12/09/27
0.20%
1D FEDL01
Monthly
(16,131
)
Fresenius Medical Care AG
Citibank NA
4,551,330
11/11/26
0.05%
1D ESTR
Monthly
188,036
Fresenius SE & Co. KGaA
Goldman Sachs Bank USA
5,447,358
08/19/26
0.26%
1D ESTR
Monthly
365,307
Frontline PLC
Morgan Stanley & Co. International
PLC
3,037,483
12/09/27
0.20%
1D FEDL01
Monthly
112,825
Fuji Electric Co. Ltd.
Citibank NA
4,172,219
02/24/27
0.25%
1D P TONA
Monthly
295,968
21 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Fujitsu Ltd.
Barclays Bank PLC
$11,085,821
12/11/28
0.00%
1D P TONA
Monthly
$1,127,989
Fukuoka Financial Group, Inc.
Goldman Sachs Bank USA
1,059,874
08/19/26
0.25%
1D P TONA
Monthly
(45,107
)
Futu Holdings Ltd.
Goldman Sachs Bank USA
2,034,998
08/18/26
0.20%
1D FEDL01
Monthly
117,754
Galaxy Entertainment Group
Ltd.
Goldman Sachs Bank USA
11,372,519
08/19/26
0.30%
HONIA
Monthly
1,030,145
Gaming and Leisure
Properties, Inc.
Goldman Sachs Bank USA
8,806
08/18/26
0.20%
1D FEDL01
Monthly
152
Gap, Inc./The
Goldman Sachs Bank USA
1,782,002
08/18/26
0.20%
1D FEDL01
Monthly
(16,814
)
Garmin Ltd.
Barclays Bank PLC
9,793,086
01/11/27
0.20%
1D OBFR01
Monthly
2,169,048
Gartner, Inc.
Goldman Sachs Bank USA
149,253
08/18/26
0.20%
1D FEDL01
Monthly
(13,184
)
GE HealthCare Technologies,
Inc.
Morgan Stanley & Co. International
PLC
980,104
12/09/27
0.20%
1D FEDL01
Monthly
105,496
GE Vernova, Inc.
Goldman Sachs Bank USA
164,149
08/18/26
0.20%
1D FEDL01
Monthly
8,162
GE Vernova, Inc.
Morgan Stanley & Co. International
PLC
658,985
12/09/27
0.20%
1D FEDL01
Monthly
3,519
Generac Holdings, Inc.
Citibank NA
3,532,955
02/22/28
0.20%
1D OBFR01
Monthly
(269,996
)
General Dynamics Corp.
Morgan Stanley & Co. International
PLC
15,262,617
12/09/27
0.20%
1D FEDL01
Monthly
419,644
General Dynamics Corp.
Morgan Stanley & Co. International
PLC
2,646,087
12/09/27
0.20%
1D FEDL01
Monthly
40,921
General Electric Co.
Citibank NA
4,738,750
02/22/28
0.20%
1D OBFR01
Monthly
256,861
General Electric Co.
Citibank NA
545,904
02/22/28
0.20%
1D OBFR01
Monthly
30,208
General Mills, Inc.
Goldman Sachs Bank USA
5,418,942
08/18/26
0.20%
1D FEDL01
Monthly
(223,967
)
General Mills, Inc.
Goldman Sachs Bank USA
38,523
08/18/26
0.20%
1D FEDL01
Monthly
(1,521
)
General Motors Co.
Citibank NA
6,621,240
02/22/28
0.20%
1D OBFR01
Monthly
544,608
Generali
Barclays Bank PLC
15,176,132
02/14/28
0.26%
1D ESTR
Monthly
340,062
Genuine Parts Co.
Barclays Bank PLC
274,323
01/11/27
0.20%
1D OBFR01
Monthly
9,116
Genuine Parts Co.
Morgan Stanley & Co. International
PLC
3,534,906
12/09/27
0.20%
1D FEDL01
Monthly
117,468
George Weston Ltd.
Citibank NA
5,422,312
02/22/28
0.20%
1D CORRA
Monthly
51,198
Getlink SE
Barclays Bank PLC
1,976,731
02/14/28
0.26%
1D ESTR
Monthly
(14,099
)
Gibson Energy, Inc.
Citibank NA
1,421,364
02/22/28
0.20%
1D CORRA
Monthly
48,250
Gilead Sciences, Inc.
Citibank NA
5,199,642
02/22/28
0.20%
1D OBFR01
Monthly
(5,044
)
Gilead Sciences, Inc.
Morgan Stanley & Co. International
PLC
5,179,060
12/09/27
0.20%
1D FEDL01
Monthly
(5,166
)
Glaukos Corp.
Citibank NA
1,569,346
02/22/28
0.20%
1D OBFR01
Monthly
141,201
Glencore PLC
Goldman Sachs Bank USA
3,138,714
08/19/26
0.25%
1D SONIA
Monthly
175,841
Global-e Online Ltd.
Barclays Bank PLC
11,867,580
01/11/27
0.20%
1D OBFR01
Monthly
1,237,627
GLOBALFOUNDRIES, Inc.
Goldman Sachs Bank USA
36,907
08/18/26
0.20%
1D FEDL01
Monthly
(6,863
)
Globe Life, Inc.
Morgan Stanley & Co. International
PLC
18,400
12/09/27
0.20%
1D FEDL01
Monthly
(175
)
Globus Medical, Inc.
Citibank NA
2,396,219
02/22/28
0.20%
1D OBFR01
Monthly
104,418
GoDaddy, Inc.
Morgan Stanley & Co. International
PLC
4,020,765
12/09/27
0.20%
1D FEDL01
Monthly
(299,534
)
Golar LNG Ltd.
Barclays Bank PLC
4,585,305
01/11/27
0.20%
1D OBFR01
Monthly
(53,478
)
Goldman Sachs Group,
Inc./The
Citibank NA
29,526,725
02/22/28
0.20%
1D OBFR01
Monthly
(1,981,582
)
GPT Group/The
Citibank NA
2,470,188
02/24/27
0.30%
1D AONIA
Monthly
94,626
Graco, Inc.
Goldman Sachs Bank USA
1,083,958
08/18/26
0.20%
1D FEDL01
Monthly
61,733
Grifols SA
Morgan Stanley & Co. International
PLC
4,152,727
12/09/27
0.26%
1D ESTR
Monthly
86,260
Groupe Bruxelles Lambert NV
Barclays Bank PLC
6,093,772
02/14/28
0.26%
1D ESTR
Monthly
28,786
Guardant Health, Inc.
Morgan Stanley & Co. International
PLC
1,461,370
12/09/27
0.20%
1D FEDL01
Monthly
108,961
Guidewire Software, Inc.
Citibank NA
8,976
02/22/28
0.20%
1D OBFR01
Monthly
1,204
Guidewire Software, Inc.
Goldman Sachs Bank USA
146,522
08/18/26
0.20%
1D FEDL01
Monthly
(13,423
)
GXO Logistics, Inc.
Goldman Sachs Bank USA
7,831,839
08/18/26
0.20%
1D FEDL01
Monthly
(319,025
)
H & M Hennes & Mauritz AB
Citibank NA
8,687,892
11/11/26
0.20%
TN STIBOR
Monthly
526,904
 
22

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
H&R Block, Inc.
Barclays Bank PLC
$58,138
01/11/27
0.20%
1D OBFR01
Monthly
$6,586
Halliburton Co.
Citibank NA
14,525,141
02/22/28
0.20%
1D OBFR01
Monthly
(343,010
)
Halliburton Co.
Citibank NA
436,657
02/22/28
0.20%
1D OBFR01
Monthly
(10,312
)
Halozyme Therapeutics, Inc.
Barclays Bank PLC
810,495
01/11/27
0.20%
1D OBFR01
Monthly
49,159
Hamamatsu Photonics KK
Morgan Stanley & Co. International
PLC
2,294,736
12/09/27
0.25%
1D P TONA
Monthly
(130,701
)
Hamilton Lane, Inc.
Goldman Sachs Bank USA
306,528
08/18/26
0.20%
1D FEDL01
Monthly
11,148
Hasbro, Inc.
Morgan Stanley & Co. International
PLC
17,458,646
12/09/27
0.20%
1D FEDL01
Monthly
904,463
Hasbro, Inc.
Morgan Stanley & Co. International
PLC
1,771,451
12/09/27
0.20%
1D FEDL01
Monthly
97,485
HCA Healthcare, Inc.
Citibank NA
20,594,355
02/22/28
0.20%
1D OBFR01
Monthly
1,445,032
Healthcare Realty Trust, Inc.
Citibank NA
7,085,231
02/22/28
0.20%
1D OBFR01
Monthly
(114,806
)
HealthEquity, Inc.
Morgan Stanley & Co. International
PLC
1,100,010
12/09/27
0.20%
1D FEDL01
Monthly
42,416
Healthpeak Properties, Inc.
Morgan Stanley & Co. International
PLC
7,747,583
12/09/27
0.20%
1D FEDL01
Monthly
(128,695
)
Hecla Mining Co.
Morgan Stanley & Co. International
PLC
1,560,197
12/09/27
0.20%
1D FEDL01
Monthly
(128,994
)
HEICO Corp.
Barclays Bank PLC
458,701
01/11/27
0.20%
1D OBFR01
Monthly
24,470
HEICO Corp.
Barclays Bank PLC
7,435,414
01/11/27
0.20%
1D OBFR01
Monthly
444,775
HEICO Corp.
Morgan Stanley & Co. International
PLC
1,569,929
12/09/27
0.20%
1D FEDL01
Monthly
98,905
Heineken Holding NV
Citibank NA
307,602
11/11/26
0.26%
1D ESTR
Monthly
4,506
Henderson Land Development
Co. Ltd.
Citibank NA
210,548
02/24/27
0.30%
HONIA
Monthly
6,974
Hensoldt AG
Goldman Sachs Bank USA
177,923
08/19/26
0.26%
1D ESTR
Monthly
(10,464
)
Hershey Co./The
Citibank NA
248,328
02/22/28
0.20%
1D OBFR01
Monthly
3,920
Hershey Co./The
Morgan Stanley & Co. International
PLC
2,050,382
12/09/27
0.20%
1D FEDL01
Monthly
32,363
Hewlett Packard Enterprise
Co.
Citibank NA
7,648,450
02/22/28
0.20%
1D OBFR01
Monthly
(35,224
)
Hexcel Corp.
Citibank NA
2,949,003
02/22/28
0.20%
1D OBFR01
Monthly
(101,509
)
Hexcel Corp.
Goldman Sachs Bank USA
244,628
08/18/26
0.20%
1D FEDL01
Monthly
(5,681
)
HF Sinclair Corp.
Morgan Stanley & Co. International
PLC
956,431
12/09/27
0.20%
1D FEDL01
Monthly
14,889
Hikma Pharmaceuticals PLC
Citibank NA
1,399,541
11/11/26
0.25%
1D SONIA
Monthly
13,346
Hitachi Construction Machinery
Co. Ltd.
Barclays Bank PLC
1,733,556
12/11/28
0.00%
1D P TONA
Monthly
2,952
Hitachi Ltd.
Morgan Stanley & Co. International
PLC
9,797,051
12/09/27
0.25%
1D P TONA
Monthly
797,663
HOCHTIEF AG
Morgan Stanley & Co. International
PLC
1,062,041
12/09/27
0.26%
1D ESTR
Monthly
(9,829
)
Home Depot, Inc./The
Morgan Stanley & Co. International
PLC
1,660,896
12/09/27
0.20%
1D FEDL01
Monthly
2,556
Honda Motor Co. Ltd.
Citibank NA
3,237,927
02/24/27
0.25%
1D P TONA
Monthly
58,109
Honeywell International, Inc.
Barclays Bank PLC
850,511
01/11/27
0.20%
1D OBFR01
Monthly
24,469
Horiba Ltd.
Goldman Sachs Bank USA
3,419,442
08/19/26
0.25%
1D P TONA
Monthly
(453,063
)
Hormel Foods Corp.
Barclays Bank PLC
27,302
01/11/27
0.20%
1D OBFR01
Monthly
(217
)
Hormel Foods Corp.
Morgan Stanley & Co. International
PLC
1,057,912
12/09/27
0.20%
1D FEDL01
Monthly
(8,393
)
Host Hotels & Resorts, Inc.
Citibank NA
1,909,285
02/22/28
0.20%
1D OBFR01
Monthly
49,096
Houlihan Lokey, Inc.
Morgan Stanley & Co. International
PLC
2,037,171
12/09/27
0.20%
1D FEDL01
Monthly
(202,884
)
Howmet Aerospace, Inc.
Morgan Stanley & Co. International
PLC
976,061
12/09/27
0.20%
1D FEDL01
Monthly
(2,546
)
Hoya Corp.
Goldman Sachs Bank USA
5,412,903
08/19/26
0.25%
1D P TONA
Monthly
(213,728
)
HP, Inc.
Goldman Sachs Bank USA
132,953
08/18/26
0.20%
1D FEDL01
Monthly
(12
)
23 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Hubbell, Inc.
Barclays Bank PLC
$39,101
01/11/27
0.20%
1D OBFR01
Monthly
$(352
)
Hubbell, Inc.
Citibank NA
11,533,806
02/22/28
0.20%
1D OBFR01
Monthly
(103,767
)
HubSpot, Inc.
Morgan Stanley & Co. International
PLC
20,900
12/09/27
0.20%
1D FEDL01
Monthly
3,311
Hudbay Minerals, Inc.
Citibank NA
2,805,180
02/22/28
0.20%
1D CORRA
Monthly
(110,140
)
Huntington Bancshares,
Inc./OH
Barclays Bank PLC
14,799
01/11/27
0.20%
1D OBFR01
Monthly
(996
)
Huntington Bancshares,
Inc./OH
Citibank NA
3,183,767
02/22/28
0.20%
1D OBFR01
Monthly
(214,342
)
Huntington Ingalls Industries,
Inc.
Citibank NA
690,982
02/22/28
0.20%
1D OBFR01
Monthly
122,532
Huntington Ingalls Industries,
Inc.
Morgan Stanley & Co. International
PLC
442,816
12/09/27
0.20%
1D FEDL01
Monthly
78,524
Iberdrola SA
Goldman Sachs Bank USA
490,704
 
0.00%
 
Monthly
3,603
Iberdrola SA
Goldman Sachs Bank USA
24,940,901
08/19/26
0.26%
1D ESTR
Monthly
(648,705
)
Ibiden Co. Ltd.
Goldman Sachs Bank USA
506,276
08/19/26
0.25%
1D P TONA
Monthly
83,976
ICON PLC
Citibank NA
3,603,885
02/22/28
0.20%
1D OBFR01
Monthly
(133,199
)
IDACORP, Inc.
Goldman Sachs Bank USA
135,016
08/18/26
0.20%
1D FEDL01
Monthly
(1,395
)
IDEX Corp.
Morgan Stanley & Co. International
PLC
2,346,826
12/09/27
0.20%
1D FEDL01
Monthly
74,973
IDEXX Laboratories, Inc.
Morgan Stanley & Co. International
PLC
2,450,865
12/09/27
0.20%
1D FEDL01
Monthly
63,273
IGM Financial, Inc.
Goldman Sachs Bank USA
1,645,981
08/18/26
0.20%
1D CORRA
Monthly
2,838
Illinois Tool Works, Inc.
Citibank NA
1,390,469
02/22/28
0.20%
1D OBFR01
Monthly
66,090
Illinois Tool Works, Inc.
Morgan Stanley & Co. International
PLC
40,525,914
12/09/27
0.20%
1D FEDL01
Monthly
1,679,266
Illumina, Inc.
Barclays Bank PLC
13,529,198
01/11/27
0.20%
1D OBFR01
Monthly
1,005,623
Illumina, Inc.
Goldman Sachs Bank USA
23,955
08/18/26
0.20%
1D FEDL01
Monthly
2,298
IMI PLC
Citibank NA
13,362,876
11/11/26
0.25%
1D SONIA
Monthly
(308,135
)
Imperial Oil Ltd.
Goldman Sachs Bank USA
7,950,251
08/18/26
0.20%
1D CORRA
Monthly
528,996
Incyte Corp.
Barclays Bank PLC
2,225,085
01/11/27
0.20%
1D OBFR01
Monthly
32,887
Incyte Corp.
Citibank NA
1,982,904
02/22/28
0.20%
1D OBFR01
Monthly
63,876
Indra Sistemas SA
Goldman Sachs Bank USA
426,997
08/19/26
0.26%
1D ESTR
Monthly
7,785
Industrivarden AB
Citibank NA
1,202,837
11/11/26
0.26%
TN STIBOR
Monthly
43,211
Indutrade AB
Goldman Sachs Bank USA
1,068,048
08/19/26
0.26%
1D STIBOR
Monthly
104,327
Informa PLC
Goldman Sachs Bank USA
3,544,792
08/19/26
0.25%
1D SONIA
Monthly
(29,815
)
ING Groep NV
Citibank NA
13,312,545
11/11/26
0.26%
1D ESTR
Monthly
580,595
Ingredion, Inc.
Goldman Sachs Bank USA
52,659
08/18/26
0.20%
1D FEDL01
Monthly
154
Inpex Corp.
Citibank NA
3,517,370
02/24/27
0.25%
1D P TONA
Monthly
36,734
Insmed, Inc.
Citibank NA
2,134,720
02/22/28
0.20%
1D OBFR01
Monthly
(160,945
)
Insmed, Inc.
Citibank NA
243,033
02/22/28
0.20%
1D OBFR01
Monthly
(18,323
)
Installed Building Products,
Inc.
Citibank NA
37,365
02/22/28
0.20%
1D OBFR01
Monthly
(357
)
Installed Building Products,
Inc.
Morgan Stanley & Co. International
PLC
9,476,961
12/09/27
0.20%
1D FEDL01
Monthly
(98,544
)
Insulet Corp.
Goldman Sachs Bank USA
53,677
08/18/26
0.20%
1D FEDL01
Monthly
2,046
Intel Corp.
Barclays Bank PLC
144,354
01/11/27
0.20%
1D OBFR01
Monthly
(1,477
)
Interactive Brokers Group, Inc.
Citibank NA
416,823
02/22/28
0.20%
1D OBFR01
Monthly
(24,564
)
Intercontinental Exchange,
Inc.
Citibank NA
4,276
02/22/28
0.20%
1D OBFR01
Monthly
299
Intercontinental Exchange,
Inc.
Goldman Sachs Bank USA
5,211,941
08/18/26
0.20%
1D FEDL01
Monthly
468,549
InterDigital, Inc.
Goldman Sachs Bank USA
2,903,136
08/18/26
0.20%
1D FEDL01
Monthly
371,904
InterDigital, Inc.
Morgan Stanley & Co. International
PLC
860,923
12/09/27
0.20%
1D FEDL01
Monthly
152,011
International Business
Machines Corp.
Citibank NA
2,064,592
02/22/28
0.20%
1D OBFR01
Monthly
147,530
 
24

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
International Business
Machines Corp.
Goldman Sachs Bank USA
$3,646,616
08/18/26
0.20%
1D FEDL01
Monthly
$174,668
International Paper Co.
Goldman Sachs Bank USA
232,417
08/18/26
0.20%
1D FEDL01
Monthly
25,873
International Paper Co.
Goldman Sachs Bank USA
199,908
08/18/26
0.20%
1D FEDL01
Monthly
(8,497
)
Intesa Sanpaolo SpA
Morgan Stanley & Co. International
PLC
40,619,809
12/09/27
0.26%
1D ESTR
Monthly
658,556
Intuit, Inc.
Goldman Sachs Bank USA
16,887,783
08/18/26
0.20%
1D FEDL01
Monthly
2,168,709
Intuit, Inc.
Morgan Stanley & Co. International
PLC
3,233,855
12/09/27
0.20%
1D FEDL01
Monthly
359,229
Invesco Ltd.
Citibank NA
12,932
02/22/28
0.20%
1D OBFR01
Monthly
(382
)
Invesco Ltd.
Goldman Sachs Bank USA
3,262,522
08/18/26
0.20%
1D FEDL01
Monthly
(75,372
)
Ionis Pharmaceuticals, Inc.
Morgan Stanley & Co. International
PLC
3,147,001
12/09/27
0.20%
1D FEDL01
Monthly
(130,518
)
Ipsen SA
Barclays Bank PLC
12,193,415
02/14/28
0.26%
1D ESTR
Monthly
395,415
IQVIA Holdings, Inc.
Goldman Sachs Bank USA
4,940,526
08/18/26
0.20%
1D FEDL01
Monthly
105,118
Italgas SpA
Barclays Bank PLC
307,028
02/14/28
0.26%
1D ESTR
Monthly
(34,405
)
ITOCHU Corp.
Citibank NA
37,187,086
02/24/27
0.25%
1D P TONA
Monthly
574,692
ITT, Inc.
Goldman Sachs Bank USA
37,861
08/18/26
0.20%
1D FEDL01
Monthly
355
J M Smucker Co./The
Citibank NA
2,754,579
02/22/28
0.20%
1D OBFR01
Monthly
28,234
J Sainsbury PLC
Barclays Bank PLC
2,457,364
02/14/28
0.25%
1D SONIA
Monthly
46,210
J Sainsbury PLC
Goldman Sachs Bank USA
5,567,490
08/19/26
0.15%
1D SONIA
Monthly
130,043
Jabil, Inc.
Barclays Bank PLC
18,651,796
01/11/27
0.20%
1D OBFR01
Monthly
(140,403
)
Jack Henry & Associates, Inc.
Morgan Stanley & Co. International
PLC
4,180,471
12/09/27
0.20%
1D FEDL01
Monthly
225,535
Jack Henry & Associates, Inc.
Morgan Stanley & Co. International
PLC
3,270,946
12/09/27
0.20%
1D FEDL01
Monthly
149,974
Jacobs Solutions, Inc.
Citibank NA
21,373,064
02/22/28
0.20%
1D OBFR01
Monthly
695,682
Japan Airlines Co Ltd.
Barclays Bank PLC
480,451
12/11/28
0.00%
1D P TONA
Monthly
12,019
Japan Post Holdings Co Ltd.
Barclays Bank PLC
10,072,758
12/11/28
0.00%
1D P TONA
Monthly
(409,082
)
Japan Tobacco, Inc.
Morgan Stanley & Co. International
PLC
10,880,750
12/09/27
0.25%
1D P TONA
Monthly
1,046,240
JB Hi-Fi Ltd.
Citibank NA
10,153,022
02/24/27
0.30%
1D AONIA
Monthly
465,499
JB Hunt Transport Services,
Inc.
Morgan Stanley & Co. International
PLC
926,717
12/09/27
0.20%
1D FEDL01
Monthly
(16,354
)
Jefferies Financial Group, Inc.
Morgan Stanley & Co. International
PLC
5,093,479
12/09/27
0.20%
1D FEDL01
Monthly
(123,787
)
JFE Holdings, Inc.
Goldman Sachs Bank USA
174,486
08/19/26
0.25%
1D P TONA
Monthly
(3,160
)
Johnson & Johnson
Morgan Stanley & Co. International
PLC
4,152,198
12/09/27
0.20%
1D FEDL01
Monthly
11,695
Johnson Controls International
plc
Citibank NA
515,462
02/22/28
0.20%
1D OBFR01
Monthly
8,261
Johnson Matthey PLC
Citibank NA
2,014,653
11/11/26
0.25%
1D SONIA
Monthly
72,271
JPMorgan Chase & Co.
Goldman Sachs Bank USA
6,084,761
08/18/26
0.20%
1D FEDL01
Monthly
153,531
Kajima Corp.
Goldman Sachs Bank USA
11,057,044
08/19/26
0.25%
1D P TONA
Monthly
(768,806
)
Kandenko Co. Ltd.
Citibank NA
4,655,439
02/24/27
0.25%
1D P TONA
Monthly
(520,969
)
Kao Corp.
Citibank NA
11,604,486
02/24/27
0.25%
1D P TONA
Monthly
108,357
Kawasaki Heavy Industries
Ltd.
Goldman Sachs Bank USA
15,183
08/19/26
0.25%
1D P TONA
Monthly
194
Kawasaki Kisen Kaisha Ltd.
Goldman Sachs Bank USA
248,242
08/19/26
0.25%
1D P TONA
Monthly
(2,342
)
Keppel Ltd.
Citibank NA
369,940
02/24/27
0.30%
SORA
Monthly
3,374
Kerry Group PLC
Barclays Bank PLC
6,678,827
02/14/28
0.26%
1D ESTR
Monthly
47,957
Kesko OYJ
Citibank NA
1,227,434
11/11/26
0.26%
1D ESTR
Monthly
61,315
KeyCorp.
Goldman Sachs Bank USA
25,648
08/18/26
0.20%
1D FEDL01
Monthly
(1,025
)
Keyera Corp.
Citibank NA
3,117,194
02/22/28
0.20%
1D CORRA
Monthly
(50,460
)
Keysight Technologies, Inc.
Goldman Sachs Bank USA
939,086
08/18/26
0.20%
1D FEDL01
Monthly
(10,563
)
Keysight Technologies, Inc.
Morgan Stanley & Co. International
PLC
6,659,340
12/09/27
0.20%
1D FEDL01
Monthly
(171,805
)
Kimberly-Clark Corp.
Barclays Bank PLC
1,567,872
01/11/27
0.20%
1D OBFR01
Monthly
6,192
25 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Kimberly-Clark Corp.
Goldman Sachs Bank USA
$700,785
08/18/26
0.20%
1D FEDL01
Monthly
$(24,156
)
Kinden Corp.
Citibank NA
5,236,102
02/24/27
0.25%
1D P TONA
Monthly
(241,149
)
Kinder Morgan, Inc.
Barclays Bank PLC
9,092,294
01/11/27
0.20%
1D OBFR01
Monthly
(86,753
)
Kinder Morgan, Inc.
Morgan Stanley & Co. International
PLC
1,121,172
12/09/27
0.20%
1D FEDL01
Monthly
(12,667
)
Kingfisher PLC
Morgan Stanley & Co. International
PLC
249,358
12/09/27
0.25%
1D SONIA
Monthly
9,403
Kinross Gold Corp.
Barclays Bank PLC
8,008,057
01/11/27
0.20%
CABROVER
Monthly
(429,129
)
Kinsale Capital Group, Inc.
Goldman Sachs Bank USA
2,056,051
08/18/26
0.20%
1D FEDL01
Monthly
236,799
Kinsale Capital Group, Inc.
Morgan Stanley & Co. International
PLC
37,449
12/09/27
0.20%
1D FEDL01
Monthly
3,540
KION Group AG
Goldman Sachs Bank USA
2,333,392
08/19/26
0.26%
1D ESTR
Monthly
(95,657
)
Kirby Corp.
Goldman Sachs Bank USA
50,797
08/18/26
0.20%
1D FEDL01
Monthly
(3,849
)
KLA Corp.
Goldman Sachs Bank USA
636,232
08/18/26
0.20%
1D FEDL01
Monthly
(9,343
)
KLA Corp.
Morgan Stanley & Co. International
PLC
2,293,514
12/09/27
0.20%
1D FEDL01
Monthly
(298,217
)
Klarna Group PLC
Goldman Sachs Bank USA
240,385
08/18/26
0.20%
1D FEDL01
Monthly
3,998
Klepierre SA
Citibank NA
1,446,780
11/11/26
0.26%
1D ESTR
Monthly
48,935
Knight-Swift Transportation
Holdings, Inc.
Citibank NA
720,023
02/22/28
0.20%
1D OBFR01
Monthly
(61,643
)
Kobe Bussan Co Ltd.
Citibank NA
2,960,865
02/24/27
0.25%
1D P TONA
Monthly
161,716
Kobe Steel Ltd.
Morgan Stanley & Co. International
PLC
255,694
12/09/27
0.25%
1D P TONA
Monthly
9,644
Kodiak Gas Services, Inc.
Citibank NA
92,326
02/22/28
0.20%
1D OBFR01
Monthly
(11,424
)
Koninklijke KPN NV
Citibank NA
2,271,774
11/11/26
0.26%
1D ESTR
Monthly
(81,450
)
Koninklijke Philips NV
Barclays Bank PLC
22,644,098
02/14/28
0.26%
1D ESTR
Monthly
(333,380
)
Kraft Heinz Co./The
Citibank NA
11,994
02/22/28
0.20%
1D OBFR01
Monthly
(51
)
Kratos Defense & Security
Solutions, Inc.
Barclays Bank PLC
2,586
01/11/27
0.20%
1D OBFR01
Monthly
(70
)
Kratos Defense & Security
Solutions, Inc.
Morgan Stanley & Co. International
PLC
2,615,369
12/09/27
0.20%
1D FEDL01
Monthly
(70,449
)
Kroger Co./The
Goldman Sachs Bank USA
16,498,222
08/18/26
0.20%
1D FEDL01
Monthly
329,293
Kubota Corp.
Citibank NA
2,517,978
02/24/27
0.25%
1D P TONA
Monthly
(69,858
)
Kuehne and Nagel
International AG
Barclays Bank PLC
3,161,744
02/14/28
0.26%
SSARON
Monthly
(32,207
)
Kyocera Corp.
Citibank NA
698,482
02/24/27
0.25%
1D P TONA
Monthly
(27,963
)
L3Harris Technologies, Inc.
Citibank NA
11,537,288
02/22/28
0.20%
1D OBFR01
Monthly
(327,718
)
L3Harris Technologies, Inc.
Citibank NA
160,260
02/22/28
0.20%
1D OBFR01
Monthly
(4,552
)
Labcorp Holdings, Inc.
Morgan Stanley & Co. International
PLC
919,530
12/09/27
0.20%
1D FEDL01
Monthly
90,627
Labcorp Holdings, Inc.
Morgan Stanley & Co. International
PLC
2,431,251
12/09/27
0.20%
1D FEDL01
Monthly
239,618
Lam Research Corp.
Goldman Sachs Bank USA
8,539,412
08/18/26
0.20%
1D FEDL01
Monthly
(1,023,156
)
Lam Research Corp.
Morgan Stanley & Co. International
PLC
5,267,707
12/09/27
0.20%
1D FEDL01
Monthly
(279,042
)
Lamar Advertising Co.
Citibank NA
39,569
02/22/28
0.20%
1D OBFR01
Monthly
261
Land Securities Group PLC
Citibank NA
1,739,239
11/11/26
0.25%
1D SONIA
Monthly
15,464
Landstar System, Inc.
Goldman Sachs Bank USA
2,532,660
08/18/26
0.20%
1D FEDL01
Monthly
(391,727
)
Las Vegas Sands Corp.
Goldman Sachs Bank USA
17,871
08/18/26
0.20%
1D FEDL01
Monthly
1,636
Lattice Semiconductor Corp.
Citibank NA
3,841
02/22/28
0.20%
1D OBFR01
Monthly
(361
)
Lattice Semiconductor Corp.
Morgan Stanley & Co. International
PLC
2,588,324
12/09/27
0.20%
1D FEDL01
Monthly
(209,050
)
Lazard, Inc.
Citibank NA
1,048,622
02/22/28
0.20%
1D OBFR01
Monthly
(28,874
)
Lear Corp.
Citibank NA
10,745,812
02/22/28
0.20%
1D OBFR01
Monthly
(981,778
)
LEG Immobilien SE
Citibank NA
1,379,504
11/11/26
0.26%
1D ESTR
Monthly
(8,825
)
Legal & General Group PLC
Morgan Stanley & Co. International
PLC
1,451,412
12/09/27
0.25%
1D SONIA
Monthly
8,895
Legrand SA
Goldman Sachs Bank USA
5,813,476
08/19/26
0.18%
1D ESTR
Monthly
(360,340
)
 
26

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Lennar Corp.
Barclays Bank PLC
$691,046
01/11/27
0.20%
1D OBFR01
Monthly
$1,682
Lennar Corp.
Goldman Sachs Bank USA
2,297,627
08/18/26
0.20%
1D FEDL01
Monthly
(79,201
)
Lennox International, Inc.
Morgan Stanley & Co. International
PLC
28,770
12/09/27
0.20%
1D FEDL01
Monthly
(6,313
)
Leonardo SpA
Goldman Sachs Bank USA
4,863,270
08/19/26
0.26%
1D ESTR
Monthly
473,092
Levi Strauss & Co.
Citibank NA
1,329,923
02/22/28
0.20%
1D OBFR01
Monthly
(11,826
)
Lincoln Electric Holdings, Inc.
Citibank NA
92,442
02/22/28
0.20%
1D OBFR01
Monthly
4,504
Linde PLC
Goldman Sachs Bank USA
395,895
08/18/26
0.20%
1D FEDL01
Monthly
(27,543
)
Link REIT
Goldman Sachs Bank USA
3,311,263
08/19/26
0.30%
HONIA
Monthly
50,777
Lithia Motors, Inc.
Goldman Sachs Bank USA
4,021,175
08/18/26
0.20%
1D FEDL01
Monthly
655,897
Littelfuse, Inc.
Citibank NA
5,116,952
02/22/28
0.20%
1D OBFR01
Monthly
320,363
Littelfuse, Inc.
Goldman Sachs Bank USA
1,510,682
08/18/26
0.20%
1D FEDL01
Monthly
100,440
Live Nation Entertainment, Inc.
Morgan Stanley & Co. International
PLC
2,415,798
12/09/27
0.20%
1D FEDL01
Monthly
(51,461
)
LKQ Corp.
Citibank NA
4,706,626
02/22/28
0.20%
1D OBFR01
Monthly
(511,955
)
LKQ Corp.
Citibank NA
31,538
02/22/28
0.20%
1D OBFR01
Monthly
(3,430
)
Lloyds Banking Group PLC
Goldman Sachs Bank USA
3,228,867
08/19/26
0.25%
1D SONIA
Monthly
62,600
Loblaw Cos Ltd.
Citibank NA
1,616,962
02/22/28
0.20%
1D CORRA
Monthly
31,563
Lockheed Martin Corp.
Barclays Bank PLC
3,207,549
01/11/27
0.20%
1D OBFR01
Monthly
426,418
Lockheed Martin Corp.
Morgan Stanley & Co. International
PLC
19,095,156
12/09/27
0.20%
1D FEDL01
Monthly
2,519,836
Logitech International SA
Citibank NA
1,417,777
11/11/26
0.24%
SSARON
Monthly
(46,065
)
London Stock Exchange Group
PLC
Morgan Stanley & Co. International
PLC
4,436,206
12/09/27
0.25%
1D SONIA
Monthly
(181,963
)
LondonMetric Property PLC
Morgan Stanley & Co. International
PLC
2,050,834
12/09/27
0.25%
1D SONIA
Monthly
18,456
Lonza Group AG
Citibank NA
2,324,875
11/11/26
0.26%
SSARON
Monthly
117,335
Lotus Bakeries NV
Morgan Stanley & Co. International
PLC
442,348
12/09/27
0.26%
1D ESTR
Monthly
6,569
Louisiana-Pacific Corp.
Morgan Stanley & Co. International
PLC
389,752
12/09/27
0.20%
1D FEDL01
Monthly
(1,020
)
Lowe's Cos., Inc.
Goldman Sachs Bank USA
148,948
08/18/26
0.20%
1D FEDL01
Monthly
(1,611
)
LPL Financial Holdings, Inc.
Goldman Sachs Bank USA
7,760,979
08/18/26
0.20%
1D FEDL01
Monthly
579,621
Lululemon Athletica, Inc.
Morgan Stanley & Co. International
PLC
2,599,687
12/09/27
0.20%
1D FEDL01
Monthly
126,120
Lumentum Holdings, Inc.
Goldman Sachs Bank USA
5,409,888
08/18/26
0.20%
1D FEDL01
Monthly
(273,804
)
Lumentum Holdings, Inc.
Goldman Sachs Bank USA
9,024
08/18/26
0.20%
1D FEDL01
Monthly
(457
)
Lundin Gold, Inc.
Barclays Bank PLC
5,163,115
01/11/27
0.20%
CABROVER
Monthly
(214,972
)
LY Corp.
Morgan Stanley & Co. International
PLC
4,033,626
12/09/27
0.25%
1D P TONA
Monthly
6,426
LyondellBasell Industries NV
Citibank NA
13,996,324
02/22/28
0.20%
1D OBFR01
Monthly
(53,901
)
LyondellBasell Industries NV
Goldman Sachs Bank USA
1,498,719
08/18/26
0.20%
1D FEDL01
Monthly
83,203
M&G PLC
Barclays Bank PLC
1,094,741
02/14/28
0.25%
1D SONIA
Monthly
3,760
M&T Bank Corp.
Morgan Stanley & Co. International
PLC
6,170,933
12/09/27
0.20%
1D FEDL01
Monthly
(108,012
)
MACOM Technology Solutions
Holdings, Inc.
Goldman Sachs Bank USA
268,699
08/18/26
0.20%
1D FEDL01
Monthly
(38,129
)
MACOM Technology Solutions
Holdings, Inc.
Morgan Stanley & Co. International
PLC
1,905,989
12/09/27
0.20%
1D FEDL01
Monthly
(210,278
)
Macquarie Group Ltd.
Morgan Stanley & Co. International
PLC
34,440,482
12/09/27
0.29%
1D AONIA
Monthly
(357,959
)
Madison Square Garden
Sports Corp.
Citibank NA
673,736
02/22/28
0.20%
1D OBFR01
Monthly
(6,055
)
Madrigal Pharmaceuticals, Inc.
Citibank NA
1,388,750
02/22/28
0.20%
1D OBFR01
Monthly
(181,662
)
Madrigal Pharmaceuticals, Inc.
Citibank NA
1,238,208
02/22/28
0.20%
1D OBFR01
Monthly
(161,970
)
Magna International, Inc.
Goldman Sachs Bank USA
9,423,682
08/18/26
0.20%
1D CORRA
Monthly
281,805
Magnolia Oil & Gas Corp.
Goldman Sachs Bank USA
74,176
08/18/26
0.20%
1D FEDL01
Monthly
(2,831
)
Manulife Financial Corp.
Goldman Sachs Bank USA
166,223
08/18/26
0.20%
1D CORRA
Monthly
(386
)
27 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
MARA Holdings, Inc.
Goldman Sachs Bank USA
$278,887
08/18/26
0.20%
1D FEDL01
Monthly
$35,164
Marathon Petroleum Corp.
Morgan Stanley & Co. International
PLC
13,553,851
12/09/27
0.20%
1D FEDL01
Monthly
31,573
Markel Group, Inc.
Goldman Sachs Bank USA
9,061,595
08/18/26
0.20%
1D FEDL01
Monthly
(188,244
)
Marks & Spencer Group PLC
Morgan Stanley & Co. International
PLC
190,315
12/09/27
0.25%
1D SONIA
Monthly
4,315
Marriott International, Inc./MD
Goldman Sachs Bank USA
824,710
08/18/26
0.20%
1D FEDL01
Monthly
4,464
Maruwa Co Ltd./Aichi
Citibank NA
182,081
02/24/27
0.25%
1D P TONA
Monthly
(12,778
)
Marvell Technology, Inc.
Goldman Sachs Bank USA
379,106
08/18/26
0.20%
1D FEDL01
Monthly
(34,371
)
Masco Corp.
Morgan Stanley & Co. International
PLC
42,905
12/09/27
0.20%
1D FEDL01
Monthly
(3,592
)
MasTec, Inc.
Citibank NA
4,895,695
02/22/28
0.20%
1D OBFR01
Monthly
(1,291,225
)
Mastercard, Inc.
Goldman Sachs Bank USA
243,521
08/18/26
0.20%
1D FEDL01
Monthly
17,240
Match Group, Inc.
Goldman Sachs Bank USA
5,219,540
08/18/26
0.20%
1D FEDL01
Monthly
(87,531
)
McDonald's Corp.
Morgan Stanley & Co. International
PLC
3,479,124
12/09/27
0.20%
1D FEDL01
Monthly
93,324
McKesson Corp.
Barclays Bank PLC
31,778,494
01/11/27
0.20%
1D OBFR01
Monthly
1,645,452
McKesson Corp.
Barclays Bank PLC
1,998,468
01/11/27
0.20%
1D OBFR01
Monthly
103,478
Medtronic PLC
Citibank NA
5,576,627
02/22/28
0.20%
1D OBFR01
Monthly
238,346
Medtronic PLC
Goldman Sachs Bank USA
8,180,097
08/18/26
0.20%
1D FEDL01
Monthly
500,138
MEIJI Holdings Co Ltd.
Barclays Bank PLC
2,076,549
12/11/28
0.00%
1D P TONA
Monthly
33,412
MercadoLibre, Inc.
Barclays Bank PLC
2,243,615
01/11/27
0.20%
1D OBFR01
Monthly
98,189
Mercedes-Benz Group AG
Citibank NA
1,286,938
11/11/26
0.26%
1D ESTR
Monthly
24,347
Merck & Co., Inc.
Citibank NA
5,262,217
02/22/28
0.20%
1D OBFR01
Monthly
112,700
Merck KGaA
Citibank NA
2,211,987
11/11/26
0.26%
1D ESTR
Monthly
94,496
Meta Platforms, Inc.
Barclays Bank PLC
1,137,059
01/11/27
0.20%
1D OBFR01
Monthly
(127,744
)
MetLife, Inc.
Barclays Bank PLC
16,061,264
01/11/27
0.20%
1D OBFR01
Monthly
480,979
Mettler-Toledo International,
Inc.
Goldman Sachs Bank USA
9,976,816
08/18/26
0.20%
1D FEDL01
Monthly
755,905
Miami International Holdings,
Inc.
Goldman Sachs Bank USA
247,621
08/18/26
0.20%
1D FEDL01
Monthly
26,904
Microchip Technology, Inc.
Citibank NA
23,852,826
02/22/28
0.20%
1D OBFR01
Monthly
(2,922,436
)
Microchip Technology, Inc.
Goldman Sachs Bank USA
3,247,429
08/18/26
0.20%
1D FEDL01
Monthly
(403,385
)
Micron Technology, Inc.
Barclays Bank PLC
1,955,245
01/11/27
0.20%
1D OBFR01
Monthly
(249,103
)
Microsoft Corp.
Citibank NA
3,483,004
02/22/28
0.20%
1D OBFR01
Monthly
663,693
Middleby Corp./The
Citibank NA
700,142
02/22/28
0.20%
1D OBFR01
Monthly
13,844
Millicom International Cellular
SA
Citibank NA
1,087,714
02/22/28
0.20%
1D OBFR01
Monthly
(26,454
)
MINEBEA MITSUMI, Inc.
Morgan Stanley & Co. International
PLC
342,604
12/09/27
0.25%
1D P TONA
Monthly
(28,321
)
Mineral Resources Ltd.
Goldman Sachs Bank USA
5,598,556
08/19/26
0.30%
1D AONIA
Monthly
(237,710
)
Mirum Pharmaceuticals, Inc.
Goldman Sachs Bank USA
57,717
08/18/26
0.20%
1D FEDL01
Monthly
(7,179
)
Mirvac Group
Barclays Bank PLC
996,276
12/11/28
0.00%
1D AONIA
Monthly
33,139
Mitsubishi Corp.
Goldman Sachs Bank USA
16,157,958
08/19/26
0.25%
1D P TONA
Monthly
590,960
Mitsubishi Electric Corp.
Goldman Sachs Bank USA
15,828,105
08/19/26
0.25%
1D P TONA
Monthly
18,451
Mitsubishi Estate Co Ltd.
Citibank NA
9,884,770
02/24/27
0.25%
1D P TONA
Monthly
(802,681
)
Mitsubishi Gas Chemical Co.,
Inc.
Citibank NA
447,303
02/24/27
0.25%
1D P TONA
Monthly
(41,767
)
Mitsubishi HC Capital, Inc.
Goldman Sachs Bank USA
535,010
08/19/26
0.25%
1D P TONA
Monthly
19,263
Mitsubishi Heavy Industries
Ltd.
Barclays Bank PLC
14,125,890
12/11/28
0.00%
1D P TONA
Monthly
(627,138
)
Mitsubishi Materials Corp.
Citibank NA
887,806
02/24/27
0.25%
1D P TONA
Monthly
(15,736
)
Mitsubishi UFJ Financial
Group, Inc.
Citibank NA
15,054,235
02/24/27
0.25%
1D P TONA
Monthly
(468,502
)
Mitsui & Co Ltd.
Morgan Stanley & Co. International
PLC
6,438,733
12/09/27
0.25%
1D P TONA
Monthly
(37,993
)
Mitsui Chemicals, Inc.
Citibank NA
3,571,509
02/24/27
0.25%
1D P TONA
Monthly
(179,383
)
Mitsui Fudosan Co Ltd.
Barclays Bank PLC
26,595,055
12/11/28
0.00%
1D P TONA
Monthly
(123,751
)
 
28

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Mizrahi Tefahot Bank Ltd.
Goldman Sachs Bank USA
$324,143
08/19/26
0.55%
SHIR
Monthly
$617
MKS, Inc.
Citibank NA
34,484
02/22/28
0.20%
1D OBFR01
Monthly
(4,739
)
MKS, Inc.
Goldman Sachs Bank USA
18,004,302
08/18/26
0.20%
1D FEDL01
Monthly
(2,815,315
)
Mobileye Global, Inc.
Citibank NA
1,202,591
02/22/28
0.20%
1D OBFR01
Monthly
(91,650
)
Modec, Inc.
Goldman Sachs Bank USA
4,955,319
08/19/26
0.25%
1D P TONA
Monthly
56,616
Moderna, Inc.
Barclays Bank PLC
2,357,887
01/11/27
0.20%
1D OBFR01
Monthly
(100,893
)
Moelis & Co.
Goldman Sachs Bank USA
3,861,151
08/18/26
0.20%
1D FEDL01
Monthly
(144,449
)
Molina Healthcare, Inc.
Goldman Sachs Bank USA
6,581,685
08/18/26
0.20%
1D FEDL01
Monthly
(1,064,419
)
Molson Coors Beverage Co.
Goldman Sachs Bank USA
2,072,729
08/18/26
0.20%
1D FEDL01
Monthly
65,907
Monday.com Ltd.
Goldman Sachs Bank USA
2,804,143
08/18/26
0.20%
1D FEDL01
Monthly
192,249
Mondi PLC
Morgan Stanley & Co. International
PLC
469,852
12/09/27
0.25%
1D SONIA
Monthly
84,708
MongoDB, Inc.
Barclays Bank PLC
1,725,798
01/11/27
0.20%
1D OBFR01
Monthly
153,965
MongoDB, Inc.
Goldman Sachs Bank USA
3,722,721
08/18/26
0.20%
1D FEDL01
Monthly
49,630
Monolithic Power Systems,
Inc.
Barclays Bank PLC
1,438,880
01/11/27
0.20%
1D OBFR01
Monthly
54,173
Monster Beverage Corp.
Morgan Stanley & Co. International
PLC
343,360
12/09/27
0.20%
1D FEDL01
Monthly
2,548
Moody's Corp.
Morgan Stanley & Co. International
PLC
1,547,942
12/09/27
0.20%
1D FEDL01
Monthly
(35,783
)
Morgan Stanley
Goldman Sachs Bank USA
24,795,854
08/18/26
0.20%
1D FEDL01
Monthly
(1,937,719
)
Motorola Solutions, Inc.
Barclays Bank PLC
14,154,649
01/11/27
0.20%
1D OBFR01
Monthly
1,060,869
Motorola Solutions, Inc.
Morgan Stanley & Co. International
PLC
3,536,204
12/09/27
0.20%
1D FEDL01
Monthly
273,123
Mowi ASA
Goldman Sachs Bank USA
11,728,961
08/19/26
0.26%
NOWA
Monthly
541,881
MSC Industrial Direct Co., Inc.
Citibank NA
4,775,644
02/22/28
0.20%
1D OBFR01
Monthly
(107,545
)
MSCI, Inc.
Morgan Stanley & Co. International
PLC
1,068,247
12/09/27
0.20%
1D FEDL01
Monthly
2,414
MTU Aero Engines AG
Goldman Sachs Bank USA
268,987
08/19/26
0.26%
1D ESTR
Monthly
5,221
Mueller Industries, Inc.
Citibank NA
2,217,715
02/22/28
0.20%
1D OBFR01
Monthly
85,251
Muenchener
Rueckversicherungs-Gesellschaft
AG in Muenchen
Citibank NA
7,261,774
11/11/26
0.26%
1D ESTR
Monthly
229,549
Murata Manufacturing Co Ltd.
Morgan Stanley & Co. International
PLC
6,084,654
12/09/27
0.25%
1D P TONA
Monthly
(780,967
)
MYR Group, Inc.
Goldman Sachs Bank USA
864,403
08/18/26
0.20%
1D FEDL01
Monthly
(170,306
)
Nasdaq, Inc.
Morgan Stanley & Co. International
PLC
750,198
12/09/27
0.20%
1D FEDL01
Monthly
27,152
Nasdaq, Inc.
Morgan Stanley & Co. International
PLC
1,118,888
12/09/27
0.20%
1D FEDL01
Monthly
40,497
Natera, Inc.
Citibank NA
1,988,520
02/22/28
0.20%
1D OBFR01
Monthly
26,642
National Australia Bank Ltd.
Goldman Sachs Bank USA
5,059,895
08/19/26
0.30%
1D AONIA
Monthly
242,375
National Fuel Gas Co.
Morgan Stanley & Co. International
PLC
128,764
12/09/27
0.20%
1D FEDL01
Monthly
(855
)
National Grid PLC
Barclays Bank PLC
7,575
 
0.00%
 
Monthly
(36
)
Naturgy Energy Group SA
Goldman Sachs Bank USA
1,440,155
08/19/26
0.15%
1D ESTR
Monthly
1,558
NatWest Group PLC
Citibank NA
6,221,546
11/11/26
0.25%
1D SONIA
Monthly
138,860
NEC Corp.
Citibank NA
30,575,190
02/24/27
0.25%
1D P TONA
Monthly
2,644,325
Nemetschek SE
Morgan Stanley & Co. International
PLC
1,139,638
12/09/27
0.26%
1D ESTR
Monthly
89,419
NetApp, Inc.
Citibank NA
7,487,484
02/22/28
0.20%
1D OBFR01
Monthly
502,533
NetApp, Inc.
Citibank NA
1,914,544
02/22/28
0.20%
1D OBFR01
Monthly
137,492
Netflix, Inc.
Barclays Bank PLC
1,894,854
01/11/27
0.20%
1D OBFR01
Monthly
87,927
Netflix, Inc.
Goldman Sachs Bank USA
1,138,178
08/18/26
0.20%
1D FEDL01
Monthly
50,344
Neurocrine Biosciences, Inc.
Citibank NA
3,129,315
02/22/28
0.20%
1D OBFR01
Monthly
(106,733
)
New York Times Co./The
Citibank NA
2,361,737
02/22/28
0.20%
1D OBFR01
Monthly
61,478
NewMarket Corp.
Goldman Sachs Bank USA
1,228,694
08/18/26
0.20%
1D FEDL01
Monthly
157,067
Newmont Corp.
Barclays Bank PLC
3,860,705
01/11/27
0.20%
1D OBFR01
Monthly
(55,423
)
29 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Newmont Corp.
Citibank NA
$23,444,179
02/22/28
0.20%
1D OBFR01
Monthly
$(492,257
)
News Corp.
Barclays Bank PLC
111,821
01/11/27
0.20%
1D OBFR01
Monthly
900
Nexi SpA
Citibank NA
500,776
11/11/26
0.26%
1D ESTR
Monthly
3,942
Next PLC
Citibank NA
3,434,149
11/11/26
0.25%
1D SONIA
Monthly
5,483
NextEra Energy, Inc.
Citibank NA
12,296,695
02/22/28
0.11%
1D OBFR01
Monthly
(333,635
)
NextEra Energy, Inc.
Morgan Stanley & Co. International
PLC
188,566
12/09/27
0.20%
1D FEDL01
Monthly
(5,251
)
Nextpower, Inc.
Goldman Sachs Bank USA
3,820
08/18/26
0.20%
1D FEDL01
Monthly
(674
)
NGK Corp.
Citibank NA
8,580,986
02/24/27
0.25%
1D P TONA
Monthly
(1,050,403
)
NH Foods Ltd.
Morgan Stanley & Co. International
PLC
2,258,969
12/09/27
0.25%
1D P TONA
Monthly
7,616
Nibe Industrier AB
Goldman Sachs Bank USA
132,176
08/19/26
0.26%
1D STIBOR
Monthly
2,330
NIKE, Inc.
Morgan Stanley & Co. International
PLC
4,827,186
12/09/27
0.20%
1D FEDL01
Monthly
(59,983
)
NIKE, Inc.
Morgan Stanley & Co. International
PLC
3,729,338
12/09/27
0.20%
1D FEDL01
Monthly
(44,176
)
Nippon Electric Glass Co Ltd.
Goldman Sachs Bank USA
2,560,179
08/19/26
0.25%
1D P TONA
Monthly
(270,663
)
Nitto Denko Corp.
Citibank NA
4,119,959
02/24/27
0.25%
1D P TONA
Monthly
82,207
Nitto Denko Corp.
Goldman Sachs Bank USA
15,706,436
08/19/26
0.25%
1D P TONA
Monthly
164,657
NN Group NV
Morgan Stanley & Co. International
PLC
19,372,843
12/09/27
0.26%
1D ESTR
Monthly
387,589
NNN REIT, Inc.
Morgan Stanley & Co. International
PLC
2,501,177
12/09/27
0.20%
1D FEDL01
Monthly
(72,144
)
Noble Corp PLC
Goldman Sachs Bank USA
157,288
08/18/26
0.20%
1D FEDL01
Monthly
7,054
Nokia OYJ
Citibank NA
3,009,660
11/11/26
0.26%
1D ESTR
Monthly
(305,419
)
Nomura Holdings, Inc.
Citibank NA
7,444,497
02/24/27
0.25%
1D P TONA
Monthly
(296,015
)
Nordex SE
Morgan Stanley & Co. International
PLC
11,309,739
12/09/27
0.26%
1D ESTR
Monthly
(647,833
)
Nordson Corp.
Citibank NA
612,610
02/22/28
0.20%
1D OBFR01
Monthly
8,262
Nordson Corp.
Morgan Stanley & Co. International
PLC
3,361,450
12/09/27
0.20%
1D FEDL01
Monthly
71,358
Norsk Hydro ASA
Morgan Stanley & Co. International
PLC
1,761,101
04/24/28
0.26%
NOWA
Monthly
34,522
Northland Power, Inc.
Citibank NA
9,880,875
02/22/28
0.20%
1D CORRA
Monthly
(24,402
)
Northrop Grumman Corp.
Barclays Bank PLC
323,572
01/11/27
0.20%
1D OBFR01
Monthly
10,595
Northrop Grumman Corp.
Morgan Stanley & Co. International
PLC
15,866,608
12/09/27
0.20%
1D FEDL01
Monthly
519,543
Nova Ltd.
Barclays Bank PLC
1,679,943
01/11/27
0.20%
1D OBFR01
Monthly
(184,475
)
NSK Ltd.
Citibank NA
129,661
02/24/27
0.25%
1D P TONA
Monthly
(23
)
Nucor Corp.
Barclays Bank PLC
1,626,059
01/11/27
0.20%
1D OBFR01
Monthly
147,441
Nucor Corp.
Morgan Stanley & Co. International
PLC
1,318,917
12/09/27
0.20%
1D FEDL01
Monthly
119,591
Nutanix, Inc.
Citibank NA
182,705
02/22/28
0.20%
1D OBFR01
Monthly
19,346
nVent Electric PLC
Barclays Bank PLC
8,590,500
01/11/27
0.20%
1D OBFR01
Monthly
(251,530
)
nVent Electric PLC
Morgan Stanley & Co. International
PLC
17,907
12/09/27
0.20%
1D FEDL01
Monthly
(524
)
NVIDIA Corp.
Barclays Bank PLC
4,223,325
01/11/27
0.20%
1D OBFR01
Monthly
(195,878
)
NVIDIA Corp.
Citibank NA
2,769,727
02/22/28
0.20%
1D OBFR01
Monthly
(76,064
)
NVR, Inc.
Barclays Bank PLC
38,096
01/11/27
0.20%
1D OBFR01
Monthly
(1,213
)
NVR, Inc.
Morgan Stanley & Co. International
PLC
9,371,537
12/09/27
0.20%
1D FEDL01
Monthly
(298,491
)
NXP Semiconductors NV
Citibank NA
11,669,953
02/22/28
0.20%
1D OBFR01
Monthly
(2,032,401
)
Obayashi Corp.
Morgan Stanley & Co. International
PLC
11,304,541
12/09/27
0.25%
1D P TONA
Monthly
(465,202
)
Okta, Inc.
Goldman Sachs Bank USA
332,150
08/18/26
0.20%
1D FEDL01
Monthly
(4,149
)
Old Dominion Freight Line,
Inc.
Barclays Bank PLC
3,370,013
01/11/27
0.20%
1D OBFR01
Monthly
(299,074
)
 
30

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Old National Bancorp/IN
Morgan Stanley & Co. International
PLC
$542,517
12/09/27
0.20%
1D FEDL01
Monthly
$3,124
Ollie's Bargain Outlet Holdings,
Inc.
Barclays Bank PLC
2,392,266
01/11/27
0.20%
1D OBFR01
Monthly
252,727
Omega Healthcare Investors,
Inc.
Barclays Bank PLC
388,837
01/11/27
0.20%
1D OBFR01
Monthly
154
Omnicom Group, Inc.
Goldman Sachs Bank USA
5,809,378
08/18/26
0.20%
1D FEDL01
Monthly
(166,037
)
OMV AG
Goldman Sachs Bank USA
6,886,815
08/19/26
0.26%
1D ESTR
Monthly
232,138
OneMain Holdings, Inc.
Goldman Sachs Bank USA
434,056
08/18/26
0.20%
1D FEDL01
Monthly
14,330
ONEOK, Inc.
Barclays Bank PLC
64,317
01/11/27
0.20%
1D OBFR01
Monthly
(659
)
Ono Pharmaceutical Co Ltd.
Morgan Stanley & Co. International
PLC
14,434,425
12/09/27
0.25%
1D P TONA
Monthly
(164,946
)
Onto Innovation, Inc.
Citibank NA
36,020
02/22/28
0.20%
1D OBFR01
Monthly
(4,474
)
Onto Innovation, Inc.
Morgan Stanley & Co. International
PLC
3,491,922
12/09/27
0.20%
1D FEDL01
Monthly
(433,696
)
Open Text Corp.
Goldman Sachs Bank USA
3,031,333
08/18/26
0.20%
1D CORRA
Monthly
330,624
Orange SA
Goldman Sachs Bank USA
21,580,550
08/19/26
0.18%
1D ESTR
Monthly
203,137
O'Reilly Automotive, Inc.
Citibank NA
4,927,537
02/22/28
0.20%
1D OBFR01
Monthly
160,588
Orica Ltd.
Citibank NA
8,866,769
02/24/27
0.30%
1D AONIA
Monthly
90,886
Origin Energy Ltd.
Goldman Sachs Bank USA
3,544,837
08/19/26
0.30%
1D AONIA
Monthly
74,892
Osaka Gas Co Ltd.
Morgan Stanley & Co. International
PLC
1,166,077
12/09/27
0.25%
1D P TONA
Monthly
10,719
Oshkosh Corp.
Morgan Stanley & Co. International
PLC
17,243
12/09/27
0.20%
1D FEDL01
Monthly
(724
)
Otis Worldwide Corp.
Morgan Stanley & Co. International
PLC
1,462,909
12/09/27
0.20%
1D FEDL01
Monthly
31,997
Otsuka Corp.
Barclays Bank PLC
5,408,653
12/11/28
0.00%
1D P TONA
Monthly
488,699
Otsuka Holdings Co Ltd.
Goldman Sachs Bank USA
993,617
08/19/26
0.25%
1D P TONA
Monthly
(2,063
)
Owens Corning
Citibank NA
20,140
02/22/28
0.20%
1D OBFR01
Monthly
(138
)
PACCAR, Inc.
Barclays Bank PLC
6,818
01/11/27
0.20%
1D OBFR01
Monthly
82
PACCAR, Inc.
Morgan Stanley & Co. International
PLC
3,679,209
12/09/27
0.20%
1D FEDL01
Monthly
44,057
Packaging Corp of America
Morgan Stanley & Co. International
PLC
1,565,155
12/09/27
0.20%
1D FEDL01
Monthly
121,061
Palantir Technologies, Inc.
Citibank NA
365,364
02/22/28
0.20%
1D OBFR01
Monthly
(4,429
)
Palo Alto Networks, Inc.
Goldman Sachs Bank USA
2,898,008
08/18/26
0.20%
1D FEDL01
Monthly
(181,647
)
Pan American Silver Corp.
Goldman Sachs Bank USA
4,775,232
08/18/26
0.20%
1D CORRA
Monthly
(44,216
)
Parker-Hannifin Corp.
Goldman Sachs Bank USA
263,475
08/18/26
0.20%
1D FEDL01
Monthly
7,024
Parker-Hannifin Corp.
Morgan Stanley & Co. International
PLC
45,266,991
12/09/27
0.20%
1D FEDL01
Monthly
259,814
Partners Group Holding AG
Goldman Sachs Bank USA
287,518
08/19/26
0.26%
SSARON
Monthly
(4,118
)
Paychex, Inc.
Citibank NA
4,605,344
02/22/28
0.20%
1D OBFR01
Monthly
253,681
Paycom Software, Inc.
Goldman Sachs Bank USA
238,490
08/18/26
0.20%
1D FEDL01
Monthly
(7,470
)
Pearson PLC
Barclays Bank PLC
3,465,119
02/14/28
0.25%
1D SONIA
Monthly
99,617
Pegasystems, Inc.
Goldman Sachs Bank USA
891,815
08/18/26
0.20%
1D FEDL01
Monthly
704
Pentair PLC
Citibank NA
898,161
02/22/28
0.20%
1D OBFR01
Monthly
34,490
Pentair PLC
Morgan Stanley & Co. International
PLC
1,502,095
12/09/27
0.20%
1D FEDL01
Monthly
37,905
Penta-Ocean Construction Co
Ltd.
Citibank NA
1,765,161
02/24/27
0.25%
1D P TONA
Monthly
(124,174
)
Permian Resources Corp.
Morgan Stanley & Co. International
PLC
116,716
12/09/27
0.20%
1D FEDL01
Monthly
(491
)
Pernod Ricard SA
Goldman Sachs Bank USA
2,629,470
08/19/26
0.18%
1D ESTR
Monthly
(22,056
)
Peyto Exploration &
Development Corp.
Citibank NA
310,460
02/22/28
0.20%
1D CORRA
Monthly
2,555
Pfizer, Inc.
Citibank NA
6,597,555
02/22/28
0.20%
1D OBFR01
Monthly
52,504
Pfizer, Inc.
Morgan Stanley & Co. International
PLC
4,116,670
12/09/27
0.20%
1D FEDL01
Monthly
31,514
31 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
PG&E Corp.
Morgan Stanley & Co. International
PLC
$6,429,793
12/09/27
0.20%
1D FEDL01
Monthly
$(259,180
)
Pinnacle West Capital Corp.
Morgan Stanley & Co. International
PLC
1,376,154
12/09/27
0.20%
1D FEDL01
Monthly
(57,628
)
Plexus Corp.
Citibank NA
39,411
02/22/28
0.20%
1D OBFR01
Monthly
(1,207
)
PLS Group Ltd.
Goldman Sachs Bank USA
2,032,707
08/19/26
0.30%
1D AONIA
Monthly
(223,700
)
PNC Financial Services Group,
Inc./The
Goldman Sachs Bank USA
2,104,917
08/18/26
0.20%
1D FEDL01
Monthly
(22,751
)
Pool Corp.
Citibank NA
3,025,242
02/22/28
0.20%
1D OBFR01
Monthly
(159,365
)
Pool Corp.
Citibank NA
702,949
02/22/28
0.20%
1D OBFR01
Monthly
(37,550
)
Popular, Inc.
Citibank NA
1,155,847
02/22/28
0.20%
1D OBFR01
Monthly
8,774
Poste Italiane SpA
Morgan Stanley & Co. International
PLC
11,168,981
12/09/27
0.26%
1D ESTR
Monthly
(465,263
)
Power Corp of Canada
Citibank NA
2,860,957
02/22/28
0.20%
1D CORRA
Monthly
107,589
Power Integrations, Inc.
Goldman Sachs Bank USA
823,619
08/18/26
0.20%
1D FEDL01
Monthly
(119,565
)
PPG Industries, Inc.
Goldman Sachs Bank USA
5,875,090
08/18/26
0.20%
1D FEDL01
Monthly
(234,370
)
PPG Industries, Inc.
Morgan Stanley & Co. International
PLC
59,047
12/09/27
0.20%
1D FEDL01
Monthly
(3,456
)
PPL Corp.
Morgan Stanley & Co. International
PLC
8,940,015
12/09/27
0.20%
1D FEDL01
Monthly
(218,427
)
Primary Health Properties PLC
Barclays Bank PLC
1,384,488
02/14/28
0.25%
1D SONIA
Monthly
(4,861
)
Principal Financial Group, Inc.
Citibank NA
1,672,895
02/22/28
0.20%
1D OBFR01
Monthly
84,224
Principal Financial Group, Inc.
Morgan Stanley & Co. International
PLC
264,455
12/09/27
0.20%
1D FEDL01
Monthly
13,314
Procore Technologies, Inc.
Citibank NA
752,569
02/22/28
0.20%
1D OBFR01
Monthly
150,041
Procter & Gamble Co./The
Morgan Stanley & Co. International
PLC
4,184,402
12/09/27
0.20%
1D FEDL01
Monthly
(119,465
)
Progressive Corp./The
Barclays Bank PLC
2,328,483
01/11/27
0.20%
1D OBFR01
Monthly
78,322
Prosperity Bancshares, Inc.
Goldman Sachs Bank USA
3,844,362
08/18/26
0.20%
1D FEDL01
Monthly
126,219
Prudential PLC
Citibank NA
15,061,950
11/11/26
0.25%
1D SONIA
Monthly
250,547
Prysmian SpA
Citibank NA
6,119,698
11/11/26
0.26%
1D ESTR
Monthly
(396,016
)
PTC Therapeutics, Inc.
Goldman Sachs Bank USA
4,358,039
08/18/26
0.20%
1D FEDL01
Monthly
(598,650
)
PTC, Inc.
Goldman Sachs Bank USA
454,638
08/18/26
0.20%
1D FEDL01
Monthly
49,984
Public Service Enterprise
Group, Inc.
Citibank NA
5,480,595
02/22/28
0.20%
1D OBFR01
Monthly
(199,720
)
Publicis Groupe SA
Goldman Sachs Bank USA
15,060,421
08/19/26
0.05%
1D ESTR
Monthly
601,747
PulteGroup, Inc.
Citibank NA
1,465,228
02/22/28
0.20%
1D OBFR01
Monthly
(5,764
)
PulteGroup, Inc.
Citibank NA
26,998
02/22/28
0.20%
1D OBFR01
Monthly
(60
)
Puma SE
Goldman Sachs Bank USA
215,255
08/19/26
0.26%
1D ESTR
Monthly
(9,182
)
QIAGEN NV
Barclays Bank PLC
406,227
01/11/27
0.20%
1D OBFR01
Monthly
8,311
QIAGEN NV
Citibank NA
2,109,521
11/11/26
0.26%
1D ESTR
Monthly
13,020
QIAGEN NV
Goldman Sachs Bank USA
5,451,846
08/18/26
0.20%
1D FEDL01
Monthly
21,152
QUALCOMM, Inc.
Citibank NA
3,245,523
02/22/28
0.20%
1D OBFR01
Monthly
(371,261
)
QUALCOMM, Inc.
Citibank NA
3,390,444
02/22/28
0.20%
1D OBFR01
Monthly
(481,789
)
Quanta Services, Inc.
Morgan Stanley & Co. International
PLC
742,184
12/09/27
0.20%
1D FEDL01
Monthly
27,950
Quebecor, Inc.
Goldman Sachs Bank USA
3,867,357
08/18/26
0.20%
1D CORRA
Monthly
(101,024
)
Quest Diagnostics, Inc.
Barclays Bank PLC
3,987,609
01/11/27
0.20%
1D OBFR01
Monthly
440,513
Quest Diagnostics, Inc.
Citibank NA
2,441,162
02/22/28
0.20%
1D OBFR01
Monthly
269,676
QXO, Inc.
Goldman Sachs Bank USA
343,131
08/18/26
0.20%
1D FEDL01
Monthly
(2,624
)
Rakuten Group, Inc.
Morgan Stanley & Co. International
PLC
2,629,118
12/09/27
0.25%
1D P TONA
Monthly
130,731
Ralph Lauren Corp.
Morgan Stanley & Co. International
PLC
689,109
12/09/27
0.20%
1D FEDL01
Monthly
(12,104
)
Rambus, Inc.
Morgan Stanley & Co. International
PLC
18,586
12/09/27
0.20%
1D FEDL01
Monthly
(2,291
)
Ramsay Health Care Ltd.
Goldman Sachs Bank USA
148,643
08/19/26
0.30%
1D AONIA
Monthly
157
 
32

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Range Resources Corp.
Morgan Stanley & Co. International
PLC
$519,056
12/09/27
0.20%
1D FEDL01
Monthly
$18,619
Raymond James Financial,
Inc.
Barclays Bank PLC
57,123
01/11/27
0.20%
1D OBFR01
Monthly
2,710
RBC Bearings, Inc.
Goldman Sachs Bank USA
15,934
08/18/26
0.20%
1D FEDL01
Monthly
(1,048
)
REA Group Ltd.
Barclays Bank PLC
1,677,825
12/11/28
0.00%
1D AONIA
Monthly
8,173
Reckitt Benckiser Group PLC
Morgan Stanley & Co. International
PLC
7,413,371
12/09/27
0.25%
1D SONIA
Monthly
298,476
Reddit, Inc.
Citibank NA
2,119,509
02/22/28
0.20%
1D OBFR01
Monthly
(367,886
)
Regal Rexnord Corp.
Citibank NA
292,974
02/22/28
0.20%
1D OBFR01
Monthly
(13,040
)
Regeneron Pharmaceuticals,
Inc.
Barclays Bank PLC
3,237,667
01/11/27
0.20%
1D OBFR01
Monthly
554,129
Regeneron Pharmaceuticals,
Inc.
Goldman Sachs Bank USA
4,731,775
08/18/26
0.20%
1D FEDL01
Monthly
706,539
Regions Financial Corp.
Barclays Bank PLC
139,796
01/11/27
0.20%
1D OBFR01
Monthly
408
Regions Financial Corp.
Morgan Stanley & Co. International
PLC
2,293,961
12/09/27
0.20%
1D FEDL01
Monthly
5,345
Regis Resources Ltd.
Citibank NA
1,710,345
02/24/27
0.30%
1D AONIA
Monthly
(54,393
)
Reliance, Inc.
Barclays Bank PLC
3,862,100
01/11/27
0.20%
1D OBFR01
Monthly
198,900
Reliance, Inc.
Morgan Stanley & Co. International
PLC
4,470,381
12/09/27
0.20%
1D FEDL01
Monthly
230,227
Reliance, Inc.
Morgan Stanley & Co. International
PLC
352,610
12/09/27
0.20%
1D FEDL01
Monthly
18,160
Remitly Global, Inc.
Citibank NA
587,248
02/22/28
0.20%
1D OBFR01
Monthly
(8,640
)
RenaissanceRe Holdings Ltd.
Morgan Stanley & Co. International
PLC
1,302,417
12/09/27
0.20%
1D FEDL01
Monthly
1,181
Renesas Electronics Corp.
Morgan Stanley & Co. International
PLC
3,011,535
12/09/27
0.25%
1D P TONA
Monthly
(526,109
)
Repligen Corp.
Barclays Bank PLC
10,367
01/11/27
0.20%
1D OBFR01
Monthly
68
Repligen Corp.
Goldman Sachs Bank USA
2,171,943
08/18/26
0.20%
1D FEDL01
Monthly
(8,004
)
Repsol SA
Citibank NA
1,731,161
11/11/26
0.26%
1D ESTR
Monthly
63,964
ResMed, Inc.
Citibank NA
4,953,736
02/22/28
0.20%
1D OBFR01
Monthly
464,020
ResMed, Inc.
Goldman Sachs Bank USA
8,508,373
08/18/26
0.20%
1D FEDL01
Monthly
430,006
Restaurant Brands
International, Inc.
Citibank NA
7,483,795
02/22/28
0.20%
1D CORRA
Monthly
29,889
Revolution Medicines, Inc.
Morgan Stanley & Co. International
PLC
1,855,558
12/09/27
0.20%
1D FEDL01
Monthly
45,621
Revvity, Inc.
Citibank NA
6,860,564
02/22/28
0.20%
1D OBFR01
Monthly
91,259
Rexel SA
Morgan Stanley & Co. International
PLC
1,698,012
12/09/27
0.26%
1D ESTR
Monthly
(98,892
)
Rhythm Pharmaceuticals, Inc.
Goldman Sachs Bank USA
754,009
08/18/26
0.20%
1D FEDL01
Monthly
(71,765
)
Rio Tinto Ltd.
Goldman Sachs Bank USA
20,396,902
08/19/26
0.30%
1D AONIA
Monthly
565,487
Rio Tinto PLC
Goldman Sachs Bank USA
1,240,625
08/19/26
0.25%
1D SONIA
Monthly
70,679
Robert Half, Inc.
Goldman Sachs Bank USA
1,520,775
08/18/26
0.20%
1D FEDL01
Monthly
45,582
Rocket Lab Corp.
Goldman Sachs Bank USA
328,727
08/18/26
0.20%
1D FEDL01
Monthly
(48,533
)
Rockwell Automation, Inc.
Citibank NA
33,442,187
02/22/28
0.20%
1D OBFR01
Monthly
1,561,886
Rockwell Automation, Inc.
Morgan Stanley & Co. International
PLC
1,055,879
12/09/27
0.20%
1D FEDL01
Monthly
22,860
Rohm Co Ltd.
Morgan Stanley & Co. International
PLC
3,957,011
12/09/27
0.25%
1D P TONA
Monthly
(427,659
)
Roivant Sciences Ltd.
Morgan Stanley & Co. International
PLC
2,141,694
12/09/27
0.20%
1D FEDL01
Monthly
(61,349
)
Rollins, Inc.
Barclays Bank PLC
4,060,446
01/11/27
0.20%
1D OBFR01
Monthly
(513,744
)
Roper Technologies, Inc.
Citibank NA
2,007,128
02/22/28
0.15%
1D OBFR01
Monthly
329,405
Ross Stores, Inc.
Citibank NA
10,618,766
02/22/28
0.20%
1D OBFR01
Monthly
564,394
Ross Stores, Inc.
Morgan Stanley & Co. International
PLC
2,613,640
12/09/27
0.20%
1D FEDL01
Monthly
141,100
Royal Caribbean Cruises Ltd.
Goldman Sachs Bank USA
20,744
08/18/26
0.20%
1D FEDL01
Monthly
1,855
33 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Royal Gold, Inc.
Barclays Bank PLC
$2,844,206
01/11/27
0.20%
1D OBFR01
Monthly
$(41,124
)
Royalty Pharma PLC
Goldman Sachs Bank USA
899,552
08/18/26
0.20%
1D FEDL01
Monthly
33,867
RPM International, Inc.
Citibank NA
488,914
02/22/28
0.20%
1D OBFR01
Monthly
(1,638
)
RTX Corp.
Barclays Bank PLC
28,588,565
01/11/27
0.20%
1D OBFR01
Monthly
2,953,002
RTX Corp.
Barclays Bank PLC
574,506
01/11/27
0.20%
1D OBFR01
Monthly
59,962
RWE AG
Citibank NA
30,283,437
11/11/26
0.26%
1D ESTR
Monthly
(992,857
)
S&P Global, Inc.
Morgan Stanley & Co. International
PLC
1,222,821
12/09/27
0.20%
1D FEDL01
Monthly
(48,821
)
Sage Group PLC/The
Morgan Stanley & Co. International
PLC
9,525,414
12/09/27
0.25%
1D SONIA
Monthly
1,724,199
Saia, Inc.
Goldman Sachs Bank USA
1,497,424
08/18/26
0.20%
1D FEDL01
Monthly
(212,236
)
Saipem SpA
Goldman Sachs Bank USA
6,121,661
08/19/26
0.26%
1D ESTR
Monthly
(166,840
)
Salesforce, Inc.
Citibank NA
453,955
02/22/28
0.20%
1D OBFR01
Monthly
58,541
Salesforce, Inc.
Goldman Sachs Bank USA
19,303,387
08/18/26
0.20%
1D FEDL01
Monthly
1,729,547
Samsara, Inc.
Goldman Sachs Bank USA
14,026
08/18/26
0.20%
1D FEDL01
Monthly
323
Sandfire Resources Ltd.
Barclays Bank PLC
1,552,817
12/11/28
0.00%
1D AONIA
Monthly
10,173
Sands China Ltd.
Goldman Sachs Bank USA
4,311,162
08/19/26
0.30%
HONIA
Monthly
584,876
Sandvik AB
Morgan Stanley & Co. International
PLC
3,975,378
12/09/27
0.26%
1D STIBOR
Monthly
76,004
Santos Ltd.
Citibank NA
4,711,387
02/24/27
0.30%
1D AONIA
Monthly
25,616
Sartorius AG
Goldman Sachs Bank USA
142,071
08/19/26
0.26%
1D ESTR
Monthly
(4,460
)
SBI Holdings, Inc.
Morgan Stanley & Co. International
PLC
5,299,797
12/09/27
0.25%
1D P TONA
Monthly
356,134
SCREEN Holdings Co. Ltd.
Morgan Stanley & Co. International
PLC
3,930,423
12/09/27
0.25%
1D P TONA
Monthly
(1,039,236
)
Sea Ltd.
Citibank NA
8,772,163
02/22/28
0.20%
1D OBFR01
Monthly
155,570
Seagate Technology Holdings
PLC
Barclays Bank PLC
1,822,557
01/11/27
0.20%
1D OBFR01
Monthly
(104,304
)
Seagate Technology Holdings
PLC
Citibank NA
4,613,147
02/22/28
0.20%
1D OBFR01
Monthly
(246,884
)
Seatrium Ltd.
Goldman Sachs Bank USA
1,096,962
08/19/26
0.30%
SORA
Monthly
75,575
SEI Investments Co.
Citibank NA
3,118,327
02/22/28
0.20%
1D OBFR01
Monthly
133,575
SEI Investments Co.
Citibank NA
133,411
02/22/28
0.20%
1D OBFR01
Monthly
5,715
Seiko Epson Corp.
Morgan Stanley & Co. International
PLC
219,668
12/09/27
0.25%
1D P TONA
Monthly
(1,695
)
Sekisui Chemical Co Ltd.
Morgan Stanley & Co. International
PLC
710,602
12/09/27
0.25%
1D P TONA
Monthly
(1,592
)
Sekisui House Ltd.
Citibank NA
880,060
02/24/27
0.25%
1D P TONA
Monthly
(10,937
)
Sempra
Goldman Sachs Bank USA
13,845,467
08/18/26
0.20%
1D FEDL01
Monthly
(631,239
)
Semtech Corp.
Barclays Bank PLC
143,609
01/11/27
0.20%
1D OBFR01
Monthly
4,019
Service Corp International/US
Goldman Sachs Bank USA
4,471,841
08/18/26
0.20%
1D FEDL01
Monthly
470,811
ServiceNow, Inc.
Citibank NA
680,439
02/22/28
0.20%
1D OBFR01
Monthly
112,409
ServiceTitan, Inc.
Morgan Stanley & Co. International
PLC
1,835,224
12/09/27
0.20%
1D FEDL01
Monthly
345,516
Seven & i Holdings Co Ltd.
Goldman Sachs Bank USA
5,695,787
08/19/26
0.25%
1D P TONA
Monthly
383,977
Severn Trent PLC
Morgan Stanley & Co. International
PLC
2,266,901
12/09/27
0.25%
1D SONIA
Monthly
(21,632
)
SGS SA
Goldman Sachs Bank USA
4,106,450
08/19/26
0.26%
SSARON
Monthly
48,507
SharkNinja, Inc.
Morgan Stanley & Co. International
PLC
729,785
12/09/27
0.20%
1D FEDL01
Monthly
54,638
Shell PLC
Citibank NA
22,678,856
11/11/26
0.25%
1D SONIA
Monthly
717,527
Sherwin-Williams Co./The
Citibank NA
1,885,230
02/22/28
0.20%
1D OBFR01
Monthly
123,399
Sherwin-Williams Co./The
Citibank NA
2,615,752
02/22/28
0.20%
1D OBFR01
Monthly
161,153
Shimadzu Corp.
Morgan Stanley & Co. International
PLC
522,856
12/09/27
0.25%
1D P TONA
Monthly
(1,489
)
Shimizu Corp.
Morgan Stanley & Co. International
PLC
5,208,023
12/09/27
0.25%
1D P TONA
Monthly
(273,196
)
Shin-Etsu Chemical Co Ltd.
Goldman Sachs Bank USA
6,901,933
08/19/26
0.25%
1D P TONA
Monthly
(1,811,098
)
 
34

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Siemens AG
Morgan Stanley & Co. International
PLC
$2,266,525
12/09/27
0.26%
1D ESTR
Monthly
$96,461
Siemens Energy AG
Citibank NA
17,485,749
11/11/26
0.26%
1D ESTR
Monthly
(472,523
)
SIG Group AG
Morgan Stanley & Co. International
PLC
1,081,431
12/09/27
0.26%
SSARON
Monthly
54,472
Sika AG
Barclays Bank PLC
288,262
02/14/28
0.26%
SSARON
Monthly
1,526
Singapore Technologies
Engineering Ltd.
Citibank NA
336,701
02/24/27
0.30%
SORA
Monthly
(11,389
)
Singapore Telecommunications
Ltd.
Barclays Bank PLC
82,399
12/11/28
0.00%
SORA
Monthly
(53
)
SiTime Corp.
Goldman Sachs Bank USA
193,193
08/18/26
0.20%
1D FEDL01
Monthly
(6,943
)
Skanska AB
Citibank NA
2,305,873
11/11/26
0.26%
TN STIBOR
Monthly
30,564
SKF AB
Goldman Sachs Bank USA
3,484,163
08/19/26
0.15%
1D STIBOR
Monthly
(28,407
)
Skyworks Solutions, Inc.
Barclays Bank PLC
2,423,781
01/11/27
0.20%
1D OBFR01
Monthly
(26,997
)
Skyworks Solutions, Inc.
Citibank NA
2,724,756
02/22/28
0.20%
1D OBFR01
Monthly
(31,084
)
SLB Ltd.
Barclays Bank PLC
2,181,522
01/11/27
0.20%
1D OBFR01
Monthly
87,865
SLB Ltd.
Citibank NA
7,530,525
02/22/28
0.20%
1D OBFR01
Monthly
303,306
Smiths Group PLC
Citibank NA
5,753,994
11/11/26
0.25%
1D SONIA
Monthly
(73,813
)
Smurfit Westrock PLC
Morgan Stanley & Co. International
PLC
612,865
12/09/27
0.20%
1D FEDL01
Monthly
(728
)
Snam SpA
Citibank NA
4,614,929
11/11/26
0.26%
1D ESTR
Monthly
(220,966
)
Snap, Inc.
Goldman Sachs Bank USA
2,122,641
08/18/26
0.20%
1D FEDL01
Monthly
(31,215
)
Snap-on, Inc.
Citibank NA
4,106,379
02/22/28
0.20%
1D OBFR01
Monthly
42,866
Snowflake, Inc.
Goldman Sachs Bank USA
693,080
08/18/26
0.20%
1D FEDL01
Monthly
40,706
Societe Generale SA
Morgan Stanley & Co. International
PLC
16,821,080
12/09/27
0.26%
1D ESTR
Monthly
744,073
SoFi Technologies, Inc.
Goldman Sachs Bank USA
324,375
08/18/26
0.20%
1D FEDL01
Monthly
22,490
Sojitz Corp.
Morgan Stanley & Co. International
PLC
128,709
12/09/27
0.25%
1D P TONA
Monthly
(1,749
)
Sonic Healthcare Ltd.
Goldman Sachs Bank USA
150,610
08/19/26
0.30%
1D AONIA
Monthly
(4,911
)
Sonova Holding AG
Goldman Sachs Bank USA
3,870,279
08/19/26
0.10%
SSARON
Monthly
244,047
Sony Group Corp.
Morgan Stanley & Co. International
PLC
11,619,617
12/09/27
0.25%
1D P TONA
Monthly
924,789
South Bow Corp.
Citibank NA
1,541,055
02/22/28
0.20%
1D CORRA
Monthly
(61,209
)
South32 Ltd.
Goldman Sachs Bank USA
316,475
08/19/26
0.30%
1D AONIA
Monthly
6,231
SOUTHSTATE BANK Corp.
Morgan Stanley & Co. International
PLC
55,489
12/09/27
0.20%
1D FEDL01
Monthly
1,575
Southwest Airlines Co.
Citibank NA
16,401,532
02/22/28
0.20%
1D OBFR01
Monthly
(913,595
)
Spotify Technology SA
Barclays Bank PLC
14,795,214
01/11/27
0.20%
1D OBFR01
Monthly
804,413
Spotify Technology SA
Citibank NA
2,232,819
02/22/28
0.20%
1D OBFR01
Monthly
121,398
Sprott, Inc.
Goldman Sachs Bank USA
688,247
08/18/26
0.20%
1D CORRA
Monthly
(30,670
)
Sprouts Farmers Market, Inc.
Barclays Bank PLC
14,196
01/11/27
0.20%
1D OBFR01
Monthly
2,538
SPX Technologies, Inc.
Citibank NA
152,240
02/22/28
0.20%
1D OBFR01
Monthly
396
SPX Technologies, Inc.
Goldman Sachs Bank USA
11,097
08/18/26
0.20%
1D FEDL01
Monthly
104
SS&C Technologies Holdings,
Inc.
Citibank NA
16,504,747
02/22/28
0.20%
1D OBFR01
Monthly
2,470,048
St James's Place PLC
Citibank NA
3,653,163
11/11/26
0.25%
1D SONIA
Monthly
(46,975
)
STAG Industrial, Inc.
Goldman Sachs Bank USA
265,189
08/18/26
0.20%
1D FEDL01
Monthly
(11,027
)
Standard Chartered PLC
Morgan Stanley & Co. International
PLC
8,237,700
12/09/27
0.25%
1D SONIA
Monthly
146,609
Standard Life PLC
Citibank NA
1,394,915
11/11/26
0.25%
1D SONIA
Monthly
15,406
Standard Life PLC
Morgan Stanley & Co. International
PLC
2,151,582
12/09/27
0.25%
1D SONIA
Monthly
23,764
StandardAero, Inc.
Citibank NA
517,376
02/22/28
0.20%
1D OBFR01
Monthly
26,061
Stanley Black & Decker, Inc.
Citibank NA
4,519,352
02/22/28
0.20%
1D OBFR01
Monthly
269,895
Stanley Black & Decker, Inc.
Citibank NA
458,299
02/22/28
0.20%
1D OBFR01
Monthly
27,370
Starbucks Corp.
Morgan Stanley & Co. International
PLC
3,172,324
12/09/27
0.20%
1D FEDL01
Monthly
36,538
35 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
State Street Corp.
Goldman Sachs Bank USA
$3,055,058
08/18/26
0.20%
1D FEDL01
Monthly
$(20,469
)
Steel Dynamics, Inc.
Morgan Stanley & Co. International
PLC
1,691,618
12/09/27
0.20%
1D FEDL01
Monthly
63,182
StepStone Group, Inc.
Barclays Bank PLC
2,517,823
01/11/27
0.20%
1D OBFR01
Monthly
168,426
STERIS PLC
Citibank NA
1,366,715
02/22/28
0.20%
1D OBFR01
Monthly
67,180
STERIS PLC
Morgan Stanley & Co. International
PLC
3,924,814
12/09/27
0.20%
1D FEDL01
Monthly
332,333
Stifel Financial Corp.
Goldman Sachs Bank USA
2,358,720
08/18/26
0.20%
1D FEDL01
Monthly
124,600
Stryker Corp.
Citibank NA
2,269,204
02/22/28
0.20%
1D OBFR01
Monthly
105,801
Stryker Corp.
Morgan Stanley & Co. International
PLC
1,797,921
12/09/27
0.20%
1D FEDL01
Monthly
95,698
SUMCO Corp.
Citibank NA
4,235,874
02/24/27
0.25%
1D P TONA
Monthly
(527,679
)
Sumitomo Chemical Co Ltd.
Morgan Stanley & Co. International
PLC
5,683,728
12/09/27
0.25%
1D P TONA
Monthly
(343,998
)
Sumitomo Corp.
Citibank NA
2,498,169
02/24/27
0.25%
1D P TONA
Monthly
73,984
Sumitomo Electric Industries
Ltd.
Morgan Stanley & Co. International
PLC
7,433,644
12/09/27
0.25%
1D P TONA
Monthly
(961,684
)
Sumitomo Heavy Industries
Ltd.
Morgan Stanley & Co. International
PLC
7,381,726
12/09/27
0.25%
1D P TONA
Monthly
(108,168
)
Sumitomo Metal Mining Co
Ltd.
Goldman Sachs Bank USA
6,119,675
08/19/26
0.25%
1D P TONA
Monthly
475,150
Sumitomo Realty &
Development Co Ltd.
Morgan Stanley & Co. International
PLC
5,087,371
12/09/27
0.25%
1D P TONA
Monthly
(304,154
)
Sumitomo Rubber Industries
Ltd.
Goldman Sachs Bank USA
3,716,849
08/19/26
0.25%
1D P TONA
Monthly
45,297
Sun Communities, Inc.
Citibank NA
103,386
02/22/28
0.20%
1D OBFR01
Monthly
3,300
Sun Hung Kai Properties Ltd.
Citibank NA
2,233,691
02/24/27
0.30%
HONIA
Monthly
10,672
Sun Life Financial, Inc.
Barclays Bank PLC
5,911,985
01/11/27
0.20%
CABROVER
Monthly
73,394
Sunbelt Rentals Holdings, Inc.
Morgan Stanley & Co. International
PLC
548,299
12/09/27
0.25%
1D SONIA
Monthly
(12,887
)
Suncor Energy, Inc.
Citibank NA
44,158,783
02/22/28
0.20%
1D CORRA
Monthly
1,413,546
Sunrise Communications AG
Goldman Sachs Bank USA
993,647
08/19/26
0.26%
SSARON
Monthly
5,047
Super Micro Computer, Inc.
Goldman Sachs Bank USA
165,318
08/18/26
0.20%
1D FEDL01
Monthly
17,350
Svenska Handelsbanken AB
Citibank NA
3,301,306
11/11/26
0.26%
TN STIBOR
Monthly
64,024
Swatch Group AG/The
Goldman Sachs Bank USA
264,751
08/19/26
0.26%
SSARON
Monthly
8,013
Swedish Orphan Biovitrum AB
Barclays Bank PLC
151,186
02/14/28
0.26%
1D STIBOR
Monthly
2,834
Swire Pacific Ltd.
Citibank NA
337,228
02/24/27
0.30%
HONIA
Monthly
37,405
Synopsys, Inc.
Goldman Sachs Bank USA
257,291
08/18/26
0.20%
1D FEDL01
Monthly
(22,092
)
T Rowe Price Group, Inc.
Morgan Stanley & Co. International
PLC
6,054,446
12/09/27
0.20%
1D FEDL01
Monthly
(222,325
)
Taisei Corp.
Barclays Bank PLC
6,373,602
12/11/28
0.00%
1D P TONA
Monthly
(347,022
)
Taiyo Yuden Co Ltd.
Citibank NA
3,040,797
02/24/27
0.25%
1D P TONA
Monthly
(400,182
)
Takeda Pharmaceutical Co
Ltd.
Citibank NA
3,349,939
02/24/27
0.25%
1D P TONA
Monthly
(53,719
)
Take-Two Interactive Software,
Inc.
Citibank NA
1,097,592
02/22/28
0.20%
1D OBFR01
Monthly
43,889
Tapestry, Inc.
Barclays Bank PLC
1,055,984
01/11/27
0.20%
1D OBFR01
Monthly
63,478
Tapestry, Inc.
Morgan Stanley & Co. International
PLC
9,582,715
12/09/27
0.20%
1D FEDL01
Monthly
582,954
Targa Resources Corp.
Goldman Sachs Bank USA
44,506
08/18/26
0.20%
1D FEDL01
Monthly
(1,246
)
TD SYNNEX Corp.
Citibank NA
184,456
02/22/28
0.20%
1D OBFR01
Monthly
2,205
TD SYNNEX Corp.
Goldman Sachs Bank USA
759,493
08/18/26
0.20%
1D FEDL01
Monthly
17,068
TDK Corp.
Goldman Sachs Bank USA
371,055
08/19/26
0.25%
1D P TONA
Monthly
21,206
TE Connectivity PLC
Citibank NA
22,238,584
02/22/28
0.20%
1D OBFR01
Monthly
570,792
Technology One Ltd.
Citibank NA
2,273,094
02/24/27
0.30%
1D AONIA
Monthly
133,249
Techtronic Industries Co Ltd.
Citibank NA
662,552
02/24/27
0.30%
HONIA
Monthly
9,446
Tele2 AB
Citibank NA
19,574,065
11/11/26
0.26%
TN STIBOR
Monthly
492,835
Teledyne Technologies, Inc.
Barclays Bank PLC
7,680,453
01/11/27
0.20%
1D OBFR01
Monthly
59,861
 
36

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Teledyne Technologies, Inc.
Citibank NA
$991,362
02/22/28
0.20%
1D OBFR01
Monthly
$7,727
Telefonaktiebolaget LM
Ericsson
Goldman Sachs Bank USA
879,259
08/19/26
0.26%
1D STIBOR
Monthly
(11,525
)
Telefonica SA
Goldman Sachs Bank USA
10,131,587
08/19/26
0.26%
1D ESTR
Monthly
(42,784
)
Telenor ASA
Citibank NA
4,386,133
11/11/26
0.26%
NOWA
Monthly
13,152
Telia Co. AB
Goldman Sachs Bank USA
611,120
08/19/26
0.26%
1D STIBOR
Monthly
(17,845
)
Telstra Group Ltd.
Goldman Sachs Bank USA
2,853,575
08/19/26
0.30%
1D AONIA
Monthly
74,244
TELUS Corp.
Barclays Bank PLC
9,590,118
01/11/27
0.20%
CABROVER
Monthly
(766,534
)
Temenos AG
Barclays Bank PLC
2,095,425
02/14/28
0.26%
SSARON
Monthly
17,298
Tempus AI, Inc.
Goldman Sachs Bank USA
152,207
08/18/26
0.20%
1D FEDL01
Monthly
8,489
Tenaris SA
Morgan Stanley & Co. International
PLC
1,153,210
12/09/27
0.26%
1D ESTR
Monthly
(30,270
)
Tenet Healthcare Corp.
Citibank NA
6,142,195
02/22/28
0.20%
1D OBFR01
Monthly
1,868,598
Teradyne, Inc.
Citibank NA
1,289,415
02/22/28
0.20%
1D OBFR01
Monthly
(6,177
)
Teradyne, Inc.
Goldman Sachs Bank USA
2,766,822
08/18/26
0.20%
1D FEDL01
Monthly
205,216
Terna - Rete Elettrica
Nazionale
Goldman Sachs Bank USA
471,931
08/19/26
0.26%
1D ESTR
Monthly
(7,955
)
Tesco PLC
Goldman Sachs Bank USA
5,441,568
08/19/26
0.25%
1D SONIA
Monthly
191,239
Tesla, Inc.
Barclays Bank PLC
2,287,819
01/11/27
0.20%
1D OBFR01
Monthly
(384,148
)
Tetra Tech, Inc.
Goldman Sachs Bank USA
24,657
08/18/26
0.20%
1D FEDL01
Monthly
1,440
Tetra Tech, Inc.
Morgan Stanley & Co. International
PLC
3,659,667
12/09/27
0.20%
1D FEDL01
Monthly
257,523
Teva Pharmaceutical Industries
Ltd.
Citibank NA
493,797
02/22/28
0.20%
1D OBFR01
Monthly
79,597
Texas Instruments, Inc.
Citibank NA
5,233,328
02/22/28
0.20%
1D OBFR01
Monthly
(283,519
)
Texas Instruments, Inc.
Citibank NA
1,800,149
02/22/28
0.20%
1D OBFR01
Monthly
(112,896
)
Texas Roadhouse, Inc.
Barclays Bank PLC
3,770,597
01/11/27
0.20%
1D OBFR01
Monthly
275,955
TFI International, Inc.
Morgan Stanley & Co. International
PLC
1,813,770
12/09/27
0.20%
CABROVER
Monthly
(216,347
)
Thermo Fisher Scientific, Inc.
Citibank NA
13,791,122
02/22/28
0.20%
1D OBFR01
Monthly
1,229,120
Thomson Reuters Corp.
Citibank NA
20,008,631
02/22/28
0.20%
1D CORRA
Monthly
2,363,813
TJX Cos, Inc./The
Citibank NA
4,620,624
02/22/28
0.20%
1D OBFR01
Monthly
53,790
TJX Cos, Inc./The
Goldman Sachs Bank USA
183,580
08/18/26
0.20%
1D FEDL01
Monthly
7,746
TKO Group Holdings, Inc.
Morgan Stanley & Co. International
PLC
554,945
12/09/27
0.20%
1D FEDL01
Monthly
(4,970
)
T-Mobile US, Inc.
Barclays Bank PLC
2,625,425
01/11/27
0.20%
1D OBFR01
Monthly
(250,663
)
Toast, Inc.
Citibank NA
2,221,362
02/22/28
0.20%
1D OBFR01
Monthly
232,707
Tokyo Electron Ltd.
Citibank NA
12,587,464
02/24/27
0.25%
1D P TONA
Monthly
(2,323,316
)
Tokyo Gas Co Ltd.
Morgan Stanley & Co. International
PLC
4,786,109
12/09/27
0.25%
1D P TONA
Monthly
(6,827
)
Tokyo Metro Co Ltd.
Goldman Sachs Bank USA
253,657
08/19/26
0.25%
1D P TONA
Monthly
(7,236
)
Tokyo Ohka Kogyo Co Ltd.
Morgan Stanley & Co. International
PLC
3,097,898
12/09/27
0.25%
1D P TONA
Monthly
(503,737
)
Tokyo Seimitsu Co Ltd.
Citibank NA
2,157,028
02/24/27
0.25%
1D P TONA
Monthly
(199,417
)
Tokyo Tatemono Co Ltd.
Morgan Stanley & Co. International
PLC
604,371
12/09/27
0.25%
1D P TONA
Monthly
(21,976
)
Tokyu Fudosan Holdings Corp.
Citibank NA
7,002,718
02/24/27
0.25%
1D P TONA
Monthly
(84,288
)
Toray Industries, Inc.
Goldman Sachs Bank USA
3,595,445
08/19/26
0.25%
1D P TONA
Monthly
(89,298
)
Toro Co./The
Barclays Bank PLC
844,159
01/11/27
0.20%
1D OBFR01
Monthly
(26,608
)
Toro Co./The
Goldman Sachs Bank USA
1,588,995
08/18/26
0.20%
1D FEDL01
Monthly
(35,841
)
Toronto-Dominion Bank/The
Goldman Sachs Bank USA
2,403,823
08/18/26
0.20%
1D CORRA
Monthly
32,898
Tosoh Corp.
Citibank NA
818,009
02/24/27
0.25%
1D P TONA
Monthly
(39,314
)
TotalEnergies SE
Citibank NA
3,570,793
11/11/26
0.26%
1D ESTR
Monthly
103,911
Tourmaline Oil Corp.
Citibank NA
20,330,419
02/22/28
0.20%
1D CORRA
Monthly
(887,804
)
Tower Semiconductor Ltd.
Barclays Bank PLC
1,839,036
01/11/27
0.20%
1D OBFR01
Monthly
(220,068
)
Toyo Tire Corp.
Morgan Stanley & Co. International
PLC
491,508
12/09/27
0.25%
1D P TONA
Monthly
23,065
TPG, Inc.
Barclays Bank PLC
2,130,253
01/11/27
0.20%
1D OBFR01
Monthly
72,437
37 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
TPG, Inc.
Morgan Stanley & Co. International
PLC
$1,755,556
12/09/27
0.20%
1D FEDL01
Monthly
$78,557
Tractor Supply Co.
Citibank NA
13,020,925
02/22/28
0.20%
1D OBFR01
Monthly
625,324
Tractor Supply Co.
Citibank NA
2,611,719
02/22/28
0.20%
1D OBFR01
Monthly
125,427
Trade Desk, Inc./The
Morgan Stanley & Co. International
PLC
1,647,629
12/09/27
0.20%
1D FEDL01
Monthly
32,454
Tradeweb Markets, Inc.
Goldman Sachs Bank USA
1,680,450
08/18/26
0.20%
1D FEDL01
Monthly
(3,004
)
Trane Technologies PLC
Barclays Bank PLC
10,037,478
01/11/27
0.20%
1D OBFR01
Monthly
(395,268
)
Trane Technologies PLC
Barclays Bank PLC
730,765
01/11/27
0.20%
1D OBFR01
Monthly
(28,777
)
TransAlta Corp.
Citibank NA
13,312,688
02/22/28
0.20%
1D CORRA
Monthly
(1,482,182
)
Travelers Cos., Inc./The
Morgan Stanley & Co. International
PLC
16,759,972
12/09/27
0.20%
1D FEDL01
Monthly
102,700
Travere Therapeutics, Inc.
Citibank NA
419,832
02/22/28
0.20%
1D OBFR01
Monthly
(6,693
)
Trelleborg AB
Citibank NA
3,798,632
11/11/26
0.26%
TN STIBOR
Monthly
40,818
Trend Micro, Inc./Japan
Citibank NA
3,280,534
02/24/27
0.25%
1D P TONA
Monthly
47,574
Trimble, Inc.
Goldman Sachs Bank USA
4,965,785
08/18/26
0.20%
1D FEDL01
Monthly
445,696
Trimble, Inc.
Goldman Sachs Bank USA
741,314
08/18/26
0.20%
1D FEDL01
Monthly
66,535
Truist Financial Corp.
Citibank NA
13,417,779
02/22/28
0.20%
1D OBFR01
Monthly
28,532
Tryg A/S
Barclays Bank PLC
8,340,726
02/14/28
0.26%
DESTR
Monthly
(124,844
)
Twilio, Inc.
Goldman Sachs Bank USA
1,649,377
08/18/26
0.20%
1D FEDL01
Monthly
(110,639
)
Twilio, Inc.
Goldman Sachs Bank USA
487,177
08/18/26
0.20%
1D FEDL01
Monthly
(32,680
)
Tyler Technologies, Inc.
Morgan Stanley & Co. International
PLC
10,804
12/09/27
0.20%
1D FEDL01
Monthly
961
Tyson Foods, Inc.
Citibank NA
10,409,260
02/22/28
0.20%
1D OBFR01
Monthly
121,492
Ubiquiti, Inc.
Citibank NA
291,325
02/22/28
0.20%
1D OBFR01
Monthly
10,309
UCB SA
Barclays Bank PLC
3,592,869
02/14/28
0.26%
1D ESTR
Monthly
(305,781
)
UiPath, Inc.
Citibank NA
1,516,233
02/22/28
0.20%
1D OBFR01
Monthly
291,910
UiPath, Inc.
Goldman Sachs Bank USA
894,479
08/18/26
0.20%
1D FEDL01
Monthly
11,366
Ulta Beauty, Inc.
Citibank NA
2,266,742
02/22/28
0.20%
1D OBFR01
Monthly
137,405
Umicore SA
Goldman Sachs Bank USA
2,087,829
08/19/26
0.26%
1D ESTR
Monthly
168,069
Unibail-Rodamco-Westfield
Morgan Stanley & Co. International
PLC
2,377,772
12/09/27
0.26%
1D ESTR
Monthly
24,029
Unicaja Banco SA
Citibank NA
2,688,770
11/11/26
0.26%
1D ESTR
Monthly
(7,590
)
UniCredit SpA
Citibank NA
8,432,729
11/11/26
0.26%
1D ESTR
Monthly
(129,044
)
Unilever PLC
Goldman Sachs Bank USA
3,247,810
08/19/26
0.25%
1D SONIA
Monthly
43,581
Union Pacific Corp.
Citibank NA
632,807
02/22/28
0.18%
1D OBFR01
Monthly
(930
)
United Airlines Holdings, Inc.
Citibank NA
15,774,053
02/22/28
0.20%
1D OBFR01
Monthly
543,376
United Parcel Service, Inc.
Citibank NA
10,555,449
02/22/28
0.20%
1D OBFR01
Monthly
(1,054,962
)
United Parcel Service, Inc.
Morgan Stanley & Co. International
PLC
3,126,637
12/09/27
0.20%
1D FEDL01
Monthly
(313,635
)
United Therapeutics Corp.
Barclays Bank PLC
4,945,498
01/11/27
0.20%
1D OBFR01
Monthly
(87,825
)
UnitedHealth Group, Inc.
Barclays Bank PLC
4,289,378
01/11/27
0.20%
1D OBFR01
Monthly
(168,170
)
UnitedHealth Group, Inc.
Citibank NA
5,226,012
02/22/28
0.20%
1D OBFR01
Monthly
(199,754
)
Universal Display Corp.
Citibank NA
2,301,654
02/22/28
0.20%
1D OBFR01
Monthly
(40,340
)
Universal Health Services, Inc.
Goldman Sachs Bank USA
6,753,709
08/18/26
0.20%
1D FEDL01
Monthly
931,703
Unum Group
Goldman Sachs Bank USA
35,867
08/18/26
0.20%
1D FEDL01
Monthly
(1,165
)
Urban Outfitters, Inc.
Citibank NA
529,606
02/22/28
0.20%
1D OBFR01
Monthly
3,377
Urban Outfitters, Inc.
Morgan Stanley & Co. International
PLC
734,889
12/09/27
0.20%
1D FEDL01
Monthly
4,686
US BanCorp.
Morgan Stanley & Co. International
PLC
13,385,955
12/09/27
0.20%
1D FEDL01
Monthly
(272,566
)
Vail Resorts, Inc.
Barclays Bank PLC
750,303
01/11/27
0.20%
1D OBFR01
Monthly
23,038
Valero Energy Corp.
Barclays Bank PLC
44,772
01/11/27
0.20%
1D OBFR01
Monthly
285
Valero Energy Corp.
Citibank NA
34,039,226
02/22/28
0.20%
1D OBFR01
Monthly
222,698
VAT Group AG
Citibank NA
5,955,835
11/11/26
0.26%
SSARON
Monthly
(352,730
)
Vaxcyte, Inc.
Goldman Sachs Bank USA
1,374,867
08/18/26
0.20%
1D FEDL01
Monthly
(64,454
)
Veeva Systems, Inc.
Citibank NA
6,363,311
02/22/28
0.20%
1D OBFR01
Monthly
638,366
Veeva Systems, Inc.
Citibank NA
13,103
02/22/28
0.20%
1D OBFR01
Monthly
1,365
 
38

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Ventas, Inc.
Barclays Bank PLC
$13,036,600
01/11/27
0.20%
1D OBFR01
Monthly
$(492,327
)
Veralto Corp.
Goldman Sachs Bank USA
11,466
08/18/26
0.20%
1D FEDL01
Monthly
399
VeriSign, Inc.
Citibank NA
3,050,508
02/22/28
0.20%
1D OBFR01
Monthly
318,654
VeriSign, Inc.
Goldman Sachs Bank USA
893,528
08/18/26
0.20%
1D FEDL01
Monthly
64,408
Verizon Communications, Inc.
Citibank NA
8,449,672
02/22/28
0.20%
1D OBFR01
Monthly
417,873
Verizon Communications, Inc.
Morgan Stanley & Co. International
PLC
21,791
12/09/27
0.20%
1D FEDL01
Monthly
1,240
Vertex Pharmaceuticals, Inc.
Morgan Stanley & Co. International
PLC
1,467,802
12/09/27
0.20%
1D FEDL01
Monthly
14,070
Vertiv Holdings Co.
Barclays Bank PLC
37,645
01/11/27
0.20%
1D OBFR01
Monthly
(7,449
)
Vestas Wind Systems A/S
Goldman Sachs Bank USA
8,705,760
08/19/26
0.26%
DESTR
Monthly
(165,013
)
Viatris, Inc.
Goldman Sachs Bank USA
518,131
08/18/26
0.20%
1D FEDL01
Monthly
27,335
Viatris, Inc.
Goldman Sachs Bank USA
1,310,898
08/18/26
0.20%
1D FEDL01
Monthly
69,160
Viavi Solutions, Inc.
Goldman Sachs Bank USA
2,751,309
08/18/26
0.20%
1D FEDL01
Monthly
(217,389
)
VICI Properties, Inc.
Goldman Sachs Bank USA
4,973
08/18/26
0.20%
1D FEDL01
Monthly
8
Viking Holdings Ltd.
Goldman Sachs Bank USA
137,505
08/18/26
0.20%
1D FEDL01
Monthly
10,568
Vinci SA
Citibank NA
3,909,836
11/11/26
0.26%
1D ESTR
Monthly
94,107
Virtu Financial, Inc.
Morgan Stanley & Co. International
PLC
1,385,902
12/09/27
0.20%
1D FEDL01
Monthly
(19,313
)
Visa, Inc.
Citibank NA
6,463,565
02/22/28
0.20%
1D OBFR01
Monthly
165,585
Visa, Inc.
Goldman Sachs Bank USA
888,560
08/18/26
0.20%
1D FEDL01
Monthly
27,497
Vishay Intertechnology, Inc.
Goldman Sachs Bank USA
117,629
08/18/26
0.20%
1D FEDL01
Monthly
(18,117
)
Vodafone Group PLC
Morgan Stanley & Co. International
PLC
1,857,715
12/09/27
0.25%
1D SONIA
Monthly
15,928
voestalpine AG
Citibank NA
7,283,937
11/11/26
0.26%
1D ESTR
Monthly
76,931
Volkswagen AG
Goldman Sachs Bank USA
590,092
08/19/26
0.26%
1D ESTR
Monthly
(2,163
)
Vonovia SE
Barclays Bank PLC
3,377,143
02/14/28
0.26%
1D ESTR
Monthly
32,180
Voya Financial, Inc.
Morgan Stanley & Co. International
PLC
129,849
12/09/27
0.20%
1D FEDL01
Monthly
1,199
Vulcan Materials Co.
Goldman Sachs Bank USA
70,832
08/18/26
0.20%
1D FEDL01
Monthly
(5,032
)
W R Berkley Corp.
Goldman Sachs Bank USA
10,090,812
08/18/26
0.20%
1D FEDL01
Monthly
384,109
W R Berkley Corp.
Goldman Sachs Bank USA
23,689
08/18/26
0.20%
1D FEDL01
Monthly
902
Walt Disney Co./The
Citibank NA
1,526,538
02/22/28
0.20%
1D OBFR01
Monthly
5,095
Walt Disney Co./The
Goldman Sachs Bank USA
15,058
08/18/26
0.20%
1D FEDL01
Monthly
(149
)
Wartsila OYJ Abp
Citibank NA
453,585
11/11/26
0.26%
1D ESTR
Monthly
(19,507
)
Waste Management, Inc.
Barclays Bank PLC
1,683,026
01/11/27
0.20%
1D OBFR01
Monthly
(69,990
)
Watsco, Inc.
Barclays Bank PLC
7,754,656
01/11/27
0.20%
1D OBFR01
Monthly
(1,053,053
)
Watsco, Inc.
Morgan Stanley & Co. International
PLC
3,020,914
12/09/27
0.20%
1D FEDL01
Monthly
(427,124
)
Watts Water Technologies,
Inc.
Goldman Sachs Bank USA
860,803
08/18/26
0.20%
1D FEDL01
Monthly
(8,430
)
WEC Energy Group, Inc.
Citibank NA
7,220,373
02/22/28
0.20%
1D OBFR01
Monthly
(254,040
)
Wells Fargo & Co.
Goldman Sachs Bank USA
8,430,346
08/18/26
0.20%
1D FEDL01
Monthly
(80,141
)
West Fraser Timber Co Ltd.
Goldman Sachs Bank USA
181,936
08/18/26
0.20%
1D CORRA
Monthly
(5,472
)
West Pharmaceutical Services,
Inc.
Barclays Bank PLC
2,511,737
01/11/27
0.20%
1D OBFR01
Monthly
(122,290
)
Western Digital Corp.
Goldman Sachs Bank USA
1,940,774
08/18/26
0.20%
1D FEDL01
Monthly
117,087
Western Digital Corp.
Morgan Stanley & Co. International
PLC
11,016,211
12/09/27
0.20%
1D FEDL01
Monthly
(209,309
)
Westgold Resources Ltd.
Morgan Stanley & Co. International
PLC
35,229
12/09/27
0.29%
1D AONIA
Monthly
(819
)
Westlake Corp.
Goldman Sachs Bank USA
7,126,971
08/18/26
0.20%
1D FEDL01
Monthly
(605,862
)
WH Group Ltd.
Citibank NA
338,050
02/24/27
0.30%
HONIA
Monthly
3,570
Wheaton Precious Metals
Corp.
Citibank NA
1,696,693
02/22/28
0.20%
1D CORRA
Monthly
(46,535
)
Williams Cos., Inc./The
Morgan Stanley & Co. International
PLC
1,618,817
12/09/27
0.20%
1D FEDL01
Monthly
(64,109
)
Williams-Sonoma, Inc.
Barclays Bank PLC
54,251
01/11/27
0.20%
1D OBFR01
Monthly
1,542
39 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Long Contracts(a) (continued)
Williams-Sonoma, Inc.
Morgan Stanley & Co. International
PLC
$2,003,283
12/09/27
0.20%
1D FEDL01
Monthly
$56,943
Wolters Kluwer NV
Citibank NA
5,704,460
11/11/26
0.26%
1D ESTR
Monthly
770,537
Woodside Energy Group Ltd.
Goldman Sachs Bank USA
853,748
08/19/26
0.30%
1D AONIA
Monthly
42,193
Woodward, Inc.
Barclays Bank PLC
6,587,130
01/11/27
0.20%
1D OBFR01
Monthly
(713,759
)
Workday, Inc.
Citibank NA
13,639
02/22/28
0.20%
1D OBFR01
Monthly
2,876
Worley Ltd.
Citibank NA
476,262
02/24/27
0.30%
1D AONIA
Monthly
(5,866
)
WP Carey, Inc.
Barclays Bank PLC
16,464,743
01/11/27
0.20%
1D OBFR01
Monthly
(393,226
)
WW Grainger, Inc.
Barclays Bank PLC
1,756,151
01/11/27
0.20%
1D OBFR01
Monthly
36,588
Wyndham Hotels & Resorts,
Inc.
Goldman Sachs Bank USA
1,650,671
08/18/26
0.20%
1D FEDL01
Monthly
(87,295
)
Wyndham Hotels & Resorts,
Inc.
Morgan Stanley & Co. International
PLC
23,007
12/09/27
0.20%
1D FEDL01
Monthly
(249
)
Xcel Energy, Inc.
Morgan Stanley & Co. International
PLC
3,754,268
12/09/27
0.20%
1D FEDL01
Monthly
(92,787
)
XPO, Inc.
Goldman Sachs Bank USA
6,021,708
08/18/26
0.20%
1D FEDL01
Monthly
(113,190
)
Xylem, Inc./NY
Citibank NA
9,497,465
02/22/28
0.20%
1D OBFR01
Monthly
67,874
Xylem, Inc./NY
Citibank NA
3,300,350
02/22/28
0.20%
1D OBFR01
Monthly
23,586
Yamaha Motor Co Ltd.
Goldman Sachs Bank USA
539,385
08/19/26
0.25%
1D P TONA
Monthly
(23,272
)
Yaskawa Electric Corp.
Morgan Stanley & Co. International
PLC
7,539,118
12/09/27
0.25%
1D P TONA
Monthly
(687,247
)
Yum! Brands, Inc.
Morgan Stanley & Co. International
PLC
193,169
12/09/27
0.20%
1D FEDL01
Monthly
7,474
Zebra Technologies Corp.
Goldman Sachs Bank USA
3,585,831
08/18/26
0.20%
1D FEDL01
Monthly
403,069
Zions Bancorp N.A.
Goldman Sachs Bank USA
14,382
08/18/26
0.20%
1D FEDL01
Monthly
(372
)
Zoetis, Inc.
Citibank NA
2,228,494
02/22/28
0.20%
1D OBFR01
Monthly
79,695
Zscaler, Inc.
Goldman Sachs Bank USA
7,803,982
08/18/26
0.20%
1D FEDL01
Monthly
158,513
Zurn Elkay Water Solutions
Corp.
Goldman Sachs Bank USA
1,848,425
08/18/26
0.20%
1D FEDL01
Monthly
111,767
 Total long positions of equity swaps
 
 
 
 
49,379,757
Short Contracts(b)
3i Group PLC
Barclays Bank PLC
$(1,720,697)
02/14/28
(0.25)%
1D SONIA
Monthly
$(161,922
)
ABN AMRO Bank NV
Barclays Bank PLC
(14,615,619)
02/14/28
(0.26)%
1D ESTR
Monthly
(360,485
)
ABN AMRO Bank NV
Citibank NA
(1,496,244)
11/11/26
0.00%
1D ESTR
Monthly
(36,313
)
Acadia Healthcare Co., Inc.
Goldman Sachs Bank USA
(3,317,790)
08/18/26
(0.15)%
1D FEDL01
Monthly
229,491
ACM Research, Inc.
Citibank NA
(130,327)
02/22/28
0.00%
1D OBFR01
Monthly
16,074
adidas AG
Barclays Bank PLC
(4,740,186)
02/14/28
(0.26)%
1D ESTR
Monthly
493,352
Admiral Group PLC
Citibank NA
(4,801,873)
11/11/26
0.00%
1D SONIA
Monthly
(291,504
)
Advanced Drainage Systems,
Inc.
Citibank NA
(3,260)
02/22/28
0.00%
1D OBFR01
Monthly
75
Adyen NV
Barclays Bank PLC
(13,237,589)
02/14/28
(0.26)%
1D ESTR
Monthly
(1,007,500
)
Aedifica SA
Barclays Bank PLC
(25,572)
02/14/28
(0.26)%
1D ESTR
Monthly
100
Aedifica SA
Goldman Sachs Bank USA
(2,675,472)
08/19/26
(0.26)%
1D ESTR
Monthly
(51,513
)
Aena SME SA
Barclays Bank PLC
(377,976)
02/14/28
(0.26)%
1D ESTR
Monthly
(6,817
)
Aena SME SA
Goldman Sachs Bank USA
(21,487,760)
08/19/26
(0.26)%
1D ESTR
Monthly
(418,631
)
Aeon Co. Ltd.
Barclays Bank PLC
(2,583,459)
12/11/28
(0.20)%
1D P TONA
Monthly
(17,912
)
AeroVironment, Inc.
Goldman Sachs Bank USA
(796,622)
08/18/26
(0.15)%
1D FEDL01
Monthly
(45,974
)
Affiliated Managers Group,
Inc.
Citibank NA
(12,828)
02/22/28
0.00%
1D OBFR01
Monthly
(741
)
Affiliated Managers Group,
Inc.
Citibank NA
(1,697,097)
02/22/28
0.00%
1D OBFR01
Monthly
(98,047
)
Affirm Holdings, Inc.
Barclays Bank PLC
(100,007)
01/11/27
(0.15)%
1D OBFR01
Monthly
3,254
Affirm Holdings, Inc.
Goldman Sachs Bank USA
(1,707,657)
08/18/26
(0.15)%
1D FEDL01
Monthly
213,170
Affirm Holdings, Inc.
Morgan Stanley & Co. International
PLC
(1,242,585)
12/09/27
(0.15)%
1D FEDL01
Monthly
40,430
AGCO Corp.
Citibank NA
(21,697)
02/22/28
0.00%
1D OBFR01
Monthly
2,797
 
40

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
AGCO Corp.
Morgan Stanley & Co. International
PLC
$(3,264,137)
12/09/27
(0.15)%
1D FEDL01
Monthly
$420,820
AGNC Investment Corp.
Citibank NA
(2,592,471)
02/22/28
0.00%
1D OBFR01
Monthly
14,510
AIB Group PLC
Barclays Bank PLC
(2,708,959)
02/14/28
(0.26)%
1D ESTR
Monthly
130,340
Air France-KLM
Citibank NA
(110,186)
11/11/26
0.00%
1D ESTR
Monthly
(4,568
)
Air Liquide SA
Barclays Bank PLC
(3,161,455)
02/14/28
(0.26)%
1D ESTR
Monthly
90,684
Air Liquide SA
Morgan Stanley & Co. International
PLC
(21,208,229)
12/09/27
(0.26)%
1D ESTR
Monthly
707,528
Air Products and Chemicals,
Inc.
Morgan Stanley & Co. International
PLC
(6,007,163)
12/09/27
(0.15)%
1D FEDL01
Monthly
42,423
Airbus SE
Barclays Bank PLC
(24,167,150)
02/14/28
(0.26)%
1D ESTR
Monthly
543,402
AIXTRON SE
Barclays Bank PLC
(250,986)
02/14/28
(0.26)%
1D ESTR
Monthly
30,505
AIXTRON SE
Citibank NA
(1,533,332)
11/11/26
0.00%
1D ESTR
Monthly
186,361
AIXTRON SE
Goldman Sachs Bank USA
(57,553)
08/19/26
(0.26)%
1D ESTR
Monthly
7,737
Ajinomoto Co., Inc.
Barclays Bank PLC
(1,033,399)
12/11/28
(0.20)%
1D P TONA
Monthly
68,158
Ajinomoto Co., Inc.
Citibank NA
(798,986)
02/24/27
0.00%
1D P TONA
Monthly
52,697
Akamai Technologies, Inc.
Barclays Bank PLC
(1,235,542)
01/11/27
(0.15)%
1D OBFR01
Monthly
90,653
Alaska Air Group, Inc.
Barclays Bank PLC
(4,183,721)
01/11/27
(0.15)%
1D OBFR01
Monthly
(289,058
)
Albertsons Cos., Inc.
Citibank NA
(21,929)
02/22/28
0.00%
1D OBFR01
Monthly
4,536
Alcoa Corp.
Goldman Sachs Bank USA
(665,303)
08/18/26
(0.15)%
1D FEDL01
Monthly
45,467
Alcon AG
Morgan Stanley & Co. International
PLC
(10,287,418)
12/09/27
(0.26)%
SSARON
Monthly
(110,753
)
Alexandria Real Estate
Equities, Inc.
Morgan Stanley & Co. International
PLC
(1,135,118)
12/09/27
(0.15)%
1D FEDL01
Monthly
(41,389
)
Alfa Laval AB
Citibank NA
(1,514,297)
11/11/26
0.00%
TN STIBOR
Monthly
23,010
Alignment Healthcare, Inc.
Goldman Sachs Bank USA
(855,660)
08/18/26
(0.15)%
1D FEDL01
Monthly
248,563
Alkermes PLC
Citibank NA
(20,243)
02/22/28
0.00%
1D OBFR01
Monthly
1,382
Allegion plc
Citibank NA
(3,779,770)
02/22/28
0.00%
1D OBFR01
Monthly
(471,290
)
Alliant Energy Corp.
Barclays Bank PLC
(16,655)
01/11/27
(0.15)%
1D OBFR01
Monthly
729
Alliant Energy Corp.
Citibank NA
(4,390,274)
02/22/28
0.00%
1D OBFR01
Monthly
192,171
Allison Transmission Holdings,
Inc.
Goldman Sachs Bank USA
(1,329,078)
08/18/26
(0.15)%
1D FEDL01
Monthly
(2,907
)
Allstate Corp./The
Citibank NA
(11,793,532)
02/22/28
0.00%
1D OBFR01
Monthly
(549,831
)
Allstate Corp./The
Morgan Stanley & Co. International
PLC
(1,047,613)
12/09/27
(0.15)%
1D FEDL01
Monthly
(50,960
)
Ally Financial, Inc.
Morgan Stanley & Co. International
PLC
(2,513,358)
12/09/27
(0.15)%
1D FEDL01
Monthly
75,395
Almonty Industries, Inc.
Morgan Stanley & Co. International
PLC
(1,737,064)
12/09/27
(0.20)%
CABROVER
Monthly
398,005
AltaGas Ltd.
Citibank NA
(302,345)
02/22/28
0.00%
1D CORRA
Monthly
2,366
AltaGas Ltd.
Morgan Stanley & Co. International
PLC
(8,363,133)
12/09/27
(0.20)%
CABROVER
Monthly
68,611
Amentum Holdings, Inc.
Citibank NA
(3,641)
02/22/28
0.00%
1D OBFR01
Monthly
(133
)
Amentum Holdings, Inc.
Morgan Stanley & Co. International
PLC
(124,322)
12/09/27
(0.15)%
1D FEDL01
Monthly
(4,527
)
Amer Sports, Inc.
Citibank NA
(1,998,509)
02/22/28
0.00%
1D OBFR01
Monthly
(65,687
)
Amer Sports, Inc.
Goldman Sachs Bank USA
(832,798)
08/18/26
(0.15)%
1D FEDL01
Monthly
4,882
Ameren Corp.
Citibank NA
(3,402,187)
02/22/28
0.00%
1D OBFR01
Monthly
74,099
American Airlines Group, Inc.
Citibank NA
(3,223,444)
02/22/28
0.00%
1D OBFR01
Monthly
(158,403
)
American Electric Power Co.,
Inc.
Citibank NA
(1,168,222)
02/22/28
0.00%
1D OBFR01
Monthly
45,826
American Electric Power Co.,
Inc.
Morgan Stanley & Co. International
PLC
(2,368,114)
12/09/27
(0.15)%
1D FEDL01
Monthly
92,895
American Express Co.
Goldman Sachs Bank USA
(25,091)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,553
American Healthcare REIT,
Inc.
Citibank NA
(867,159)
02/22/28
0.00%
1D OBFR01
Monthly
22,484
American Healthcare REIT,
Inc.
Goldman Sachs Bank USA
(608,283)
08/18/26
(0.15)%
1D FEDL01
Monthly
(15,827
)
41 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
American Homes 4 Rent
Citibank NA
$(2,022,288)
02/22/28
0.00%
1D OBFR01
Monthly
$(14,628
)
American Homes 4 Rent
Goldman Sachs Bank USA
(935,499)
08/18/26
(0.15)%
1D FEDL01
Monthly
2,513
American Homes 4 Rent
Morgan Stanley & Co. International
PLC
(18,216)
12/09/27
(0.15)%
1D FEDL01
Monthly
(132
)
American Tower Corp.
Citibank NA
(2,596,514)
02/22/28
0.00%
1D OBFR01
Monthly
(114,143
)
American Water Works Co.,
Inc.
Citibank NA
(14,276,315)
02/22/28
0.00%
1D OBFR01
Monthly
(36,270
)
American Water Works Co.,
Inc.
Citibank NA
(2,301,096)
02/22/28
0.00%
1D OBFR01
Monthly
885
American Water Works Co.,
Inc.
Goldman Sachs Bank USA
(3,125,540)
08/18/26
(0.15)%
1D FEDL01
Monthly
(80,452
)
Amkor Technology, Inc.
Goldman Sachs Bank USA
(342,495)
08/18/26
(0.15)%
1D FEDL01
Monthly
(57,362
)
Anglo American PLC
Barclays Bank PLC
(9,621,294)
02/14/28
(0.25)%
1D SONIA
Monthly
(618,879
)
Annaly Capital Management,
Inc.
Citibank NA
(7,404,900)
02/22/28
0.00%
1D OBFR01
Monthly
(99,084
)
Annaly Capital Management,
Inc.
Citibank NA
(156,716)
02/22/28
0.00%
1D OBFR01
Monthly
(2,097
)
Annaly Capital Management,
Inc.
Goldman Sachs Bank USA
(9,241)
08/18/26
(0.15)%
1D FEDL01
Monthly
176
Antero Midstream Corp.
Morgan Stanley & Co. International
PLC
(5,681,470)
12/09/27
(0.15)%
1D FEDL01
Monthly
218,805
Antero Resources Corp.
Goldman Sachs Bank USA
(678,417)
08/18/26
(0.15)%
1D FEDL01
Monthly
(51,720
)
ANZ Group Holdings Ltd.
Barclays Bank PLC
(11,319,895)
12/11/28
(0.25)%
1D AONIA
Monthly
(443,082
)
Aon PLC
Citibank NA
(11,939,001)
02/22/28
0.00%
1D OBFR01
Monthly
(245,786
)
Aon PLC
Goldman Sachs Bank USA
(12,785)
08/18/26
(0.15)%
1D FEDL01
Monthly
(194
)
API Group Corp.
Citibank NA
(9,932)
02/22/28
0.00%
1D OBFR01
Monthly
(186
)
Apollo Global Management,
Inc.
Citibank NA
(5,653,805)
02/22/28
0.00%
1D OBFR01
Monthly
(311,092
)
Apollo Global Management,
Inc.
Goldman Sachs Bank USA
(1,298,220)
08/18/26
(0.15)%
1D FEDL01
Monthly
(40,067
)
Apollo Global Management,
Inc.
Morgan Stanley & Co. International
PLC
(4,975,039)
12/09/27
(0.15)%
1D FEDL01
Monthly
(273,744
)
Appfolio, Inc.
Citibank NA
(1,171,156)
02/22/28
0.00%
1D OBFR01
Monthly
(129,816
)
Applied Digital Corp.
Citibank NA
(2,356,649)
02/22/28
0.00%
1D OBFR01
Monthly
191,853
Applied Industrial
Technologies, Inc.
Citibank NA
(3,048,718)
02/22/28
0.00%
1D OBFR01
Monthly
(33,662
)
Applied Optoelectronics, Inc.
Citibank NA
(58,355)
02/22/28
0.00%
1D OBFR01
Monthly
8,554
Applied Optoelectronics, Inc.
Citibank NA
(1,902,239)
02/22/28
0.00%
1D OBFR01
Monthly
94,313
AppLovin Corp.
Morgan Stanley & Co. International
PLC
(3,808,723)
12/09/27
(0.15)%
1D FEDL01
Monthly
143,084
AptarGroup, Inc.
Citibank NA
(4,317,766)
02/22/28
0.00%
1D OBFR01
Monthly
(160,115
)
AptarGroup, Inc.
Goldman Sachs Bank USA
(13,557)
08/18/26
(0.15)%
1D FEDL01
Monthly
(509
)
Aptiv PLC
Citibank NA
(2,111,290)
02/22/28
0.00%
1D OBFR01
Monthly
63,462
ArcelorMittal SA
Barclays Bank PLC
(1,847,422)
02/14/28
(0.26)%
1D ESTR
Monthly
(95,670
)
Arch Capital Group Ltd.
Goldman Sachs Bank USA
(20,102)
08/18/26
(0.15)%
1D FEDL01
Monthly
(406
)
Archer Aviation, Inc.
Citibank NA
(754,591)
02/22/28
0.00%
1D OBFR01
Monthly
78,664
Argenx SE
Barclays Bank PLC
(2,671,931)
02/14/28
(0.26)%
1D ESTR
Monthly
52,764
Argenx SE
Morgan Stanley & Co. International
PLC
(2,467,102)
12/09/27
(0.26)%
1D ESTR
Monthly
50,924
Aris Mining Corp.
Goldman Sachs Bank USA
(7,884,041)
08/18/26
(0.15)%
1D CORRA
Monthly
561,511
Arista Networks, Inc.
Citibank NA
(2,647,882)
02/22/28
0.00%
1D OBFR01
Monthly
(82,978
)
Arista Networks, Inc.
Goldman Sachs Bank USA
(1,928,599)
08/18/26
(0.15)%
1D FEDL01
Monthly
(94,568
)
ARM Holdings PLC
Goldman Sachs Bank USA
(5,803,019)
08/18/26
(0.15)%
1D FEDL01
Monthly
765,455
Armstrong World Industries,
Inc.
Citibank NA
(2,964,413)
02/22/28
0.00%
1D OBFR01
Monthly
(327,578
)
Arrow Electronics, Inc.
Goldman Sachs Bank USA
(2,359,845)
08/18/26
(0.15)%
1D FEDL01
Monthly
(119,882
)
Arrowhead Pharmaceuticals,
Inc.
Goldman Sachs Bank USA
(216,106)
08/18/26
(0.15)%
1D FEDL01
Monthly
(38,605
)
 
42

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Artemis Gold, Inc.
Citibank NA
$(849)
02/22/28
0.00%
1D CORRA
Monthly
$33
Artemis Gold, Inc.
Morgan Stanley & Co. International
PLC
(3,446,121)
12/09/27
(0.20)%
CABROVER
Monthly
133,906
Arthur J Gallagher & Co.
Citibank NA
(18,700,972)
02/22/28
0.00%
1D OBFR01
Monthly
(525,070
)
Arthur J Gallagher & Co.
Morgan Stanley & Co. International
PLC
(2,856,650)
12/09/27
(0.15)%
1D FEDL01
Monthly
(81,518
)
Asics Corp.
Barclays Bank PLC
(17,398,241)
12/11/28
(0.20)%
1D P TONA
Monthly
226,514
Asics Corp.
Citibank NA
(1,383,136)
02/24/27
0.00%
1D P TONA
Monthly
18,008
Asics Corp.
Goldman Sachs Bank USA
(3,190,282)
08/19/26
0.09%
1D P TONA
Monthly
109,160
Assurant, Inc.
Citibank NA
(3,533,468)
02/22/28
0.00%
1D OBFR01
Monthly
(78,133
)
Assurant, Inc.
Goldman Sachs Bank USA
(5,752)
08/18/26
(0.15)%
1D FEDL01
Monthly
(111
)
AST SpaceMobile, Inc.
Citibank NA
(1,016,228)
02/22/28
(0.25)%
1D OBFR01
Monthly
48,720
AstraZeneca PLC
Barclays Bank PLC
(195,224)
02/14/28
(0.25)%
1D SONIA
Monthly
1,468
Athabasca Oil Corp.
Morgan Stanley & Co. International
PLC
(1,608,245)
12/09/27
(0.20)%
CABROVER
Monthly
81,076
AtkinsRealis Group, Inc.
Citibank NA
(1,896)
02/22/28
0.00%
1D CORRA
Monthly
36
AtkinsRealis Group, Inc.
Morgan Stanley & Co. International
PLC
(3,736,565)
12/09/27
(0.20)%
CABROVER
Monthly
68,572
Atlassian Corp.
Citibank NA
(998,838)
02/22/28
0.00%
1D OBFR01
Monthly
(182,633
)
Atlassian Corp.
Goldman Sachs Bank USA
(892,555)
08/18/26
(0.15)%
1D FEDL01
Monthly
(89,917
)
Atmos Energy Corp.
Morgan Stanley & Co. International
PLC
(9,816)
12/09/27
(0.15)%
1D FEDL01
Monthly
313
Auckland International Airport
Ltd.
Citibank NA
(2,798,093)
02/24/27
(0.50)%
1M BBR
Monthly
(40,504
)
AutoNation, Inc.
Citibank NA
(3,488,720)
02/22/28
0.00%
1D OBFR01
Monthly
(108,911
)
AutoZone, Inc.
Citibank NA
(16,778,218)
02/22/28
0.00%
1D OBFR01
Monthly
(248,514
)
AutoZone, Inc.
Goldman Sachs Bank USA
(2,971)
08/18/26
(0.15)%
1D FEDL01
Monthly
(46
)
Avantor, Inc.
Barclays Bank PLC
(2,303,957)
01/11/27
(0.15)%
1D OBFR01
Monthly
(595,452
)
Avery Dennison Corp.
Citibank NA
(3,687,031)
02/22/28
0.00%
1D OBFR01
Monthly
(281,765
)
Avery Dennison Corp.
Goldman Sachs Bank USA
(9,251)
08/18/26
(0.15)%
1D FEDL01
Monthly
(763
)
Avis Budget Group, Inc.
Barclays Bank PLC
(28,434)
01/11/27
(0.38)%
1D OBFR01
Monthly
4,657
Avis Budget Group, Inc.
Citibank NA
(1,507,839)
02/22/28
(0.62)%
1D OBFR01
Monthly
246,964
Avis Budget Group, Inc.
Merrill Lynch International
(52,618)
02/15/28
(0.77)%
1D OBFR01
Monthly
7,675
Avis Budget Group, Inc.
Morgan Stanley & Co. International
PLC
(762,959)
12/09/27
(0.33)%
1D FEDL01
Monthly
124,963
Axon Enterprise, Inc.
Barclays Bank PLC
(7,315,337)
01/11/27
(0.15)%
1D OBFR01
Monthly
(539,843
)
Axon Enterprise, Inc.
Barclays Bank PLC
(34,896)
01/11/27
(0.15)%
1D OBFR01
Monthly
(2,575
)
AXT, Inc.
Goldman Sachs Bank USA
(1,028,616)
08/18/26
(0.15)%
1D FEDL01
Monthly
(318,852
)
Baker Hughes Co.
Morgan Stanley & Co. International
PLC
(2,424,178)
12/09/27
(0.15)%
1D FEDL01
Monthly
(166,609
)
Banco Comercial Portugues
SA
Barclays Bank PLC
(17,183,190)
02/14/28
(0.26)%
1D ESTR
Monthly
(93,015
)
Banco Comercial Portugues
SA
Citibank NA
(291,358)
11/11/26
0.00%
1D ESTR
Monthly
(1,499
)
Banco de Sabadell SA
Barclays Bank PLC
(682,004)
02/14/28
(0.26)%
1D ESTR
Monthly
(4,814
)
Banco de Sabadell SA
Citibank NA
(3,893,912)
11/11/26
0.00%
1D ESTR
Monthly
(27,485
)
Bandai Namco Holdings, Inc.
Barclays Bank PLC
(2,264,919)
12/11/28
(0.20)%
1D P TONA
Monthly
(284,372
)
Bandai Namco Holdings, Inc.
Citibank NA
(3,580,117)
02/24/27
0.00%
1D P TONA
Monthly
(449,501
)
Bandai Namco Holdings, Inc.
Goldman Sachs Bank USA
(2,309,631)
08/19/26
0.14%
1D P TONA
Monthly
(219,382
)
Bank of America Corp.
Barclays Bank PLC
(5,349,910)
01/11/27
(0.15)%
1D OBFR01
Monthly
(28,651
)
Bank of Ireland Group PLC
Barclays Bank PLC
(2,337,120)
02/14/28
(0.26)%
1D ESTR
Monthly
14,553
Bank of Ireland Group PLC
Citibank NA
(230,375)
11/11/26
0.00%
1D ESTR
Monthly
1,434
Bank of Montreal
Goldman Sachs Bank USA
(7,398,751)
08/18/26
(0.15)%
1D CORRA
Monthly
174,762
Bank of Montreal
Morgan Stanley & Co. International
PLC
(14,867,658)
12/09/27
(0.20)%
CABROVER
Monthly
46,561
Bank of New York Mellon
Corp./The
Citibank NA
(96,234)
02/22/28
0.00%
1D OBFR01
Monthly
2,436
Bath & Body Works, Inc.
Barclays Bank PLC
(658,048)
01/11/27
(0.15)%
1D OBFR01
Monthly
(1,968
)
43 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
BAWAG Group AG
Barclays Bank PLC
$(157,599)
02/14/28
(0.26)%
1D ESTR
Monthly
$(1,595
)
BAWAG Group AG
Citibank NA
(10,773,164)
11/11/26
0.00%
1D ESTR
Monthly
(109,047
)
BAWAG Group AG
Goldman Sachs Bank USA
(2,473,563)
08/19/26
(0.22)%
1D ESTR
Monthly
(20,011
)
Baxter International, Inc.
Citibank NA
(1,387,686)
02/22/28
0.00%
1D OBFR01
Monthly
(282,133
)
Bayer AG
Barclays Bank PLC
(9,739,726)
02/14/28
(0.26)%
1D ESTR
Monthly
(220,925
)
Bayer AG
Morgan Stanley & Co. International
PLC
(637,504)
12/09/27
(0.26)%
1D ESTR
Monthly
(15,681
)
Bayerische Motoren Werke
AG
Barclays Bank PLC
(13,573,196)
02/14/28
(0.26)%
1D ESTR
Monthly
(419,057
)
Bayerische Motoren Werke
AG
Citibank NA
(5,114,591)
11/11/26
(0.11)%
1D ESTR
Monthly
(157,907
)
Bayerische Motoren Werke
AG
Goldman Sachs Bank USA
(3,659,121)
08/19/26
(0.26)%
1D ESTR
Monthly
(74,920
)
BCE, Inc.
Goldman Sachs Bank USA
(2,658,064)
08/18/26
(0.15)%
1D CORRA
Monthly
(6,133
)
Beijer Ref AB
Citibank NA
(103,978)
11/11/26
0.00%
TN STIBOR
Monthly
4,952
Berkshire Hathaway, Inc.
Citibank NA
(1,342,376)
02/22/28
0.00%
1D OBFR01
Monthly
(34,689
)
BHP Group Ltd.
Barclays Bank PLC
(2,768,622)
12/11/28
(0.25)%
1D AONIA
Monthly
(6,612
)
BILL Holdings, Inc.
Barclays Bank PLC
(671,790)
01/11/27
(0.15)%
1D OBFR01
Monthly
(51,960
)
Biogen, Inc.
Goldman Sachs Bank USA
(8,087)
08/18/26
(0.15)%
1D FEDL01
Monthly
(234
)
Bio-Rad Laboratories, Inc.
Citibank NA
(15,910)
02/22/28
0.00%
1D OBFR01
Monthly
(1,015
)
BJ's Wholesale Club Holdings,
Inc.
Goldman Sachs Bank USA
(5,317,372)
08/18/26
(0.15)%
1D FEDL01
Monthly
(418,696
)
BJ's Wholesale Club Holdings,
Inc.
Goldman Sachs Bank USA
(6,317)
08/18/26
(0.15)%
1D FEDL01
Monthly
(528
)
Block, Inc.
Barclays Bank PLC
(2,002,186)
01/11/27
(0.15)%
1D OBFR01
Monthly
(97,705
)
Bloom Energy Corp.
Citibank NA
(354,134)
02/22/28
0.00%
1D OBFR01
Monthly
(88,975
)
BOC Hong Kong Holdings Ltd.
Barclays Bank PLC
(3,138,195)
12/11/28
(0.30)%
HONIA
Monthly
(313,187
)
BOC Hong Kong Holdings Ltd.
Citibank NA
(740,252)
02/24/27
0.00%
HONIA
Monthly
(71,056
)
Boeing Co./The
Citibank NA
(6,904,530)
02/22/28
0.00%
1D OBFR01
Monthly
(244,300
)
Boeing Co./The
Citibank NA
(1,463,888)
02/22/28
0.00%
1D OBFR01
Monthly
(52,550
)
Bollore SE
Goldman Sachs Bank USA
(1,993,932)
08/19/26
(0.18)%
1D ESTR
Monthly
88,193
Bombardier, Inc.
Morgan Stanley & Co. International
PLC
(7,506,002)
12/09/27
(0.20)%
CABROVER
Monthly
318,983
Boston Scientific Corp.
Goldman Sachs Bank USA
(16,183)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,387
)
Bouygues SA
Barclays Bank PLC
(5,074,288)
02/14/28
(0.26)%
1D ESTR
Monthly
(57,634
)
Boyd Gaming Corp.
Citibank NA
(658,096)
02/22/28
0.00%
1D OBFR01
Monthly
12,150
Boyd Gaming Corp.
Goldman Sachs Bank USA
(405,598)
08/18/26
(0.15)%
1D FEDL01
Monthly
11,940
Bridgebio Pharma, Inc.
Barclays Bank PLC
(1,026,968)
01/11/27
(0.15)%
1D OBFR01
Monthly
31,930
Bright Horizons Family
Solutions, Inc.
Goldman Sachs Bank USA
(261,407)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,943
)
BrightSpring Health Services,
Inc.
Citibank NA
(8,869,517)
02/22/28
0.00%
1D OBFR01
Monthly
1,289,034
Brinker International, Inc.
Citibank NA
(2,371,759)
02/22/28
0.00%
1D OBFR01
Monthly
(337,529
)
British Land Co. PLC/The
Barclays Bank PLC
(1,134,391)
02/14/28
(0.25)%
1D SONIA
Monthly
(15,222
)
Brixmor Property Group, Inc.
Citibank NA
(2,022,181)
02/22/28
0.00%
1D OBFR01
Monthly
55,548
Brookfield Asset Management
Ltd.
Morgan Stanley & Co. International
PLC
(16,458,298)
12/09/27
(0.20)%
CABROVER
Monthly
(622,315
)
Brown & Brown, Inc.
Citibank NA
(17,858,336)
02/22/28
0.00%
1D OBFR01
Monthly
(1,368,256
)
Brown & Brown, Inc.
Citibank NA
(258,146)
02/22/28
0.00%
1D OBFR01
Monthly
7,381
Brown & Brown, Inc.
Morgan Stanley & Co. International
PLC
(2,658,038)
12/09/27
(0.15)%
1D FEDL01
Monthly
(203,651
)
BRP, Inc.
Morgan Stanley & Co. International
PLC
(380,103)
12/09/27
(0.20)%
CABROVER
Monthly
(7,381
)
Bruker Corp.
Citibank NA
(351,749)
02/22/28
0.00%
1D OBFR01
Monthly
(18,253
)
Builders FirstSource, Inc.
Citibank NA
(2,151,995)
02/22/28
0.00%
1D OBFR01
Monthly
121,920
Bunge Global SA
Morgan Stanley & Co. International
PLC
(1,364,272)
12/09/27
(0.15)%
1D FEDL01
Monthly
158,562
Bunzl PLC
Barclays Bank PLC
(5,317,776)
02/14/28
(0.25)%
1D SONIA
Monthly
(124,407
)
 
44

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Bunzl PLC
Citibank NA
$(5,397,683)
11/11/26
0.00%
1D SONIA
Monthly
$(126,277
)
Buzzi SpA
Morgan Stanley & Co. International
PLC
(635,272)
12/09/27
(0.26)%
1D ESTR
Monthly
16,905
BXP, Inc.
Citibank NA
(2,402,829)
02/22/28
0.00%
1D OBFR01
Monthly
(96,598
)
CACI International, Inc.
Citibank NA
(1,321,425)
02/22/28
0.00%
1D OBFR01
Monthly
(85,715
)
CACI International, Inc.
Morgan Stanley & Co. International
PLC
(1,185,870)
12/09/27
(0.15)%
1D FEDL01
Monthly
(76,922
)
Cadence Design Systems, Inc.
Citibank NA
(18,313,150)
02/22/28
0.00%
1D OBFR01
Monthly
(167,957
)
CAE, Inc.
Goldman Sachs Bank USA
(1,131)
08/18/26
(0.15)%
1D CORRA
Monthly
(55
)
CAE, Inc.
Morgan Stanley & Co. International
PLC
(10,471,233)
12/09/27
(0.20)%
CABROVER
Monthly
(613,070
)
Camden Property Trust
Morgan Stanley & Co. International
PLC
(21,170)
12/09/27
(0.15)%
1D FEDL01
Monthly
227
Cameco Corp.
Goldman Sachs Bank USA
(3,795,861)
08/18/26
(0.15)%
1D CORRA
Monthly
135,263
Cameco Corp.
Morgan Stanley & Co. International
PLC
(10,775,102)
12/09/27
(0.20)%
CABROVER
Monthly
535,750
Capcom Co. Ltd.
Barclays Bank PLC
(4,778,111)
12/11/28
(0.20)%
1D P TONA
Monthly
(886,530
)
Capital One Financial Corp.
Goldman Sachs Bank USA
(33,631)
08/18/26
(0.15)%
1D FEDL01
Monthly
(19
)
CapitaLand Ascendas REIT
Goldman Sachs Bank USA
(118,437)
08/19/26
(0.30)%
SORA
Monthly
(3,744
)
Capricorn Metals Ltd.
Barclays Bank PLC
(591,634)
12/11/28
(0.25)%
1D AONIA
Monthly
2,441
CAR Group Ltd.
Barclays Bank PLC
(1,870,357)
12/11/28
(0.25)%
1D AONIA
Monthly
(41,164
)
CAR Group Ltd.
Citibank NA
(213,120)
02/24/27
0.00%
1D AONIA
Monthly
(4,691
)
Carlsberg A/S
Citibank NA
(1,185,877)
11/11/26
0.00%
DESTR
Monthly
(26,324
)
Carlyle Group, Inc./The
Citibank NA
(2,836,195)
02/22/28
0.00%
1D OBFR01
Monthly
(124,823
)
CarMax, Inc.
Morgan Stanley & Co. International
PLC
(4,676,890)
12/09/27
(0.15)%
1D FEDL01
Monthly
15,468
Carrier Global Corp.
Citibank NA
(13,201,464)
02/22/28
0.00%
1D OBFR01
Monthly
979,402
Carvana Co.
Barclays Bank PLC
(4,367,588)
01/11/27
(0.15)%
1D OBFR01
Monthly
27,145
Carvana Co.
Goldman Sachs Bank USA
(230,469)
08/18/26
(0.15)%
1D FEDL01
Monthly
(6,312
)
Casella Waste Systems, Inc.
Barclays Bank PLC
(80,483)
01/11/27
(0.15)%
1D OBFR01
Monthly
641
Casella Waste Systems, Inc.
Goldman Sachs Bank USA
(55,571)
08/18/26
(0.15)%
1D FEDL01
Monthly
3,808
Caterpillar, Inc.
Citibank NA
(32,015)
02/22/28
0.00%
1D OBFR01
Monthly
2,682
CBRE Group, Inc.
Barclays Bank PLC
(2,743,719)
01/11/27
(0.15)%
1D OBFR01
Monthly
(194,536
)
Celanese Corp.
Citibank NA
(4,290,548)
02/22/28
0.00%
1D OBFR01
Monthly
322,944
Cellebrite DI Ltd.
Citibank NA
(50,169)
02/22/28
0.00%
1D OBFR01
Monthly
(2,017
)
Celsius Holdings, Inc.
Citibank NA
(394,139)
02/22/28
0.00%
1D OBFR01
Monthly
(10,245
)
Cencora, Inc.
Citibank NA
(135,261)
02/22/28
0.00%
1D OBFR01
Monthly
(4,842
)
Cencora, Inc.
Morgan Stanley & Co. International
PLC
(3,437,414)
12/09/27
(0.15)%
1D FEDL01
Monthly
(77,303
)
Cenovus Energy, Inc.
Goldman Sachs Bank USA
(2,850,069)
08/18/26
(0.15)%
1D CORRA
Monthly
(262,536
)
Cenovus Energy, Inc.
Morgan Stanley & Co. International
PLC
(6,242,368)
12/09/27
(0.20)%
CABROVER
Monthly
(215,412
)
Centene Corp.
Citibank NA
(1,217,515)
02/22/28
0.00%
1D OBFR01
Monthly
67,814
CenterPoint Energy, Inc.
Citibank NA
(2,202,061)
02/22/28
0.00%
1D OBFR01
Monthly
87,238
Central Japan Railway Co.
Barclays Bank PLC
(21,374,793)
12/11/28
(0.20)%
1D P TONA
Monthly
(919,535
)
Central Japan Railway Co.
Citibank NA
(648,950)
02/24/27
0.00%
1D P TONA
Monthly
(27,918
)
Centrus Energy Corp.
Merrill Lynch International
(282,868)
02/15/28
(0.66)%
1D OBFR01
Monthly
(36,845
)
Centrus Energy Corp.
Morgan Stanley & Co. International
PLC
(2,205,165)
12/09/27
(0.48)%
1D FEDL01
Monthly
(33,530
)
CF Industries Holdings, Inc.
Citibank NA
(3,663,477)
02/22/28
0.00%
1D OBFR01
Monthly
62,137
Charles River Laboratories
International, Inc.
Citibank NA
(1,236,530)
02/22/28
0.00%
1D OBFR01
Monthly
(78,082
)
Charles Schwab Corp/The
Goldman Sachs Bank USA
(313,407)
08/18/26
(0.15)%
1D FEDL01
Monthly
(7,470
)
Charter Communications, Inc.
Citibank NA
(4,521,859)
02/22/28
0.00%
1D OBFR01
Monthly
(546,352
)
Cheniere Energy, Inc.
Goldman Sachs Bank USA
(2,665,237)
08/18/26
(0.15)%
1D FEDL01
Monthly
(80,635
)
Chewy, Inc.
Citibank NA
(1,918,602)
02/22/28
0.00%
1D OBFR01
Monthly
(100,708
)
Chewy, Inc.
Morgan Stanley & Co. International
PLC
(951,550)
12/09/27
(0.15)%
1D FEDL01
Monthly
(47,754
)
45 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Chocoladefabriken Lindt &
Spruengli AG
Citibank NA
$(355,495)
11/11/26
0.00%
SSARON
Monthly
$2,243
Chubb Ltd.
Citibank NA
(46,679)
02/22/28
0.00%
1D OBFR01
Monthly
(1,013
)
Chubb Ltd.
Citibank NA
(3,531,051)
02/22/28
0.00%
1D OBFR01
Monthly
(28,351
)
Chubb Ltd.
Morgan Stanley & Co. International
PLC
(7,391,115)
12/09/27
(0.15)%
1D FEDL01
Monthly
(160,428
)
Chubu Electric Power Co., Inc.
Barclays Bank PLC
(21,223,360)
12/11/28
(0.20)%
1D P TONA
Monthly
1,517,086
Chubu Electric Power Co., Inc.
Citibank NA
(126,807)
02/24/27
0.00%
1D P TONA
Monthly
9,064
Churchill Downs, Inc.
Citibank NA
(229,417)
02/22/28
0.00%
1D OBFR01
Monthly
(6,033
)
Cie Financiere Richemont SA
Citibank NA
(5,591,904)
11/11/26
0.00%
SSARON
Monthly
123,901
Cincinnati Financial Corp.
Barclays Bank PLC
(17,385)
01/11/27
(0.15)%
1D OBFR01
Monthly
150
Cincinnati Financial Corp.
Citibank NA
(5,729,804)
02/22/28
0.00%
1D OBFR01
Monthly
49,552
Cintas Corp.
Goldman Sachs Bank USA
(4,160,622)
08/18/26
(0.15)%
1D FEDL01
Monthly
(166,484
)
Circle Internet Group, Inc.
Citibank NA
(2,743,258)
02/22/28
0.00%
1D OBFR01
Monthly
147,197
Cirrus Logic, Inc.
Citibank NA
(27,759)
02/22/28
0.00%
1D OBFR01
Monthly
2,018
Citigroup, Inc.
Merrill Lynch International
(2,469,557)
02/15/28
0.10%
1D OBFR01
Monthly
22,145
Citigroup, Inc.
Morgan Stanley & Co. International
PLC
(818,363)
12/09/27
(0.15)%
1D FEDL01
Monthly
(1,238
)
Clean Harbors, Inc.
Citibank NA
(29,096)
02/22/28
0.00%
1D OBFR01
Monthly
(628
)
Clear Secure, Inc.
Citibank NA
(1,622,189)
02/22/28
0.00%
1D OBFR01
Monthly
(91,190
)
Clear Secure, Inc.
Goldman Sachs Bank USA
(109)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1
)
Cleveland-Cliffs, Inc.
Citibank NA
(1,598,027)
02/22/28
0.00%
1D OBFR01
Monthly
(277,855
)
Cleveland-Cliffs, Inc.
Goldman Sachs Bank USA
(1,043,223)
08/18/26
(0.15)%
1D FEDL01
Monthly
(176,871
)
Clorox Co./The
Morgan Stanley & Co. International
PLC
(1,934,639)
12/09/27
(0.15)%
1D FEDL01
Monthly
4,647
Cloudflare, Inc.
Goldman Sachs Bank USA
(4,844,198)
08/18/26
(0.15)%
1D FEDL01
Monthly
(125,551
)
CLP Holdings Ltd.
Citibank NA
(365,641)
02/24/27
0.00%
HONIA
Monthly
(2,226
)
CLP Holdings Ltd.
Goldman Sachs Bank USA
(9,806)
08/19/26
(0.30)%
HONIA
Monthly
(137
)
CMS Energy Corp.
Citibank NA
(1,742,451)
02/22/28
0.00%
1D OBFR01
Monthly
46,870
CNH Industrial NV
Barclays Bank PLC
(38,477)
01/11/27
(0.15)%
1D OBFR01
Monthly
1,618
CNX Resources Corp.
Citibank NA
(2,881,424)
02/22/28
0.00%
1D OBFR01
Monthly
(97,351
)
CNX Resources Corp.
Goldman Sachs Bank USA
(475,242)
08/18/26
(0.15)%
1D FEDL01
Monthly
(36,447
)
Co.mmercial Metals Co.
Citibank NA
(448,037)
02/22/28
0.00%
1D OBFR01
Monthly
(4,278
)
Co.mmercial Metals Co.
Goldman Sachs Bank USA
(6,404)
08/18/26
(0.15)%
1D FEDL01
Monthly
(124
)
Coca-Cola Co./The
Morgan Stanley & Co. International
PLC
(1,732,941)
12/09/27
(0.15)%
1D FEDL01
Monthly
(67,559
)
Coca-Cola Consolidated, Inc.
Goldman Sachs Bank USA
(301,094)
08/18/26
(0.15)%
1D FEDL01
Monthly
(18,524
)
Coca-Cola Europacific
Partners PLC
Morgan Stanley & Co. International
PLC
(22,651,782)
12/09/27
(0.15)%
1D FEDL01
Monthly
(772,220
)
Coeur Mining, Inc.
Citibank NA
(8,940,799)
02/22/28
0.00%
1D OBFR01
Monthly
502,902
Coinbase Global, Inc.
Goldman Sachs Bank USA
(11,442,084)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,424,298
Colliers International Group,
Inc.
Morgan Stanley & Co. International
PLC
(180,778)
12/09/27
(0.20)%
CABROVER
Monthly
52
Coloplast A/S
Barclays Bank PLC
(4,133,583)
02/14/28
(0.26)%
DESTR
Monthly
(181,976
)
Coloplast A/S
Citibank NA
(2,891,812)
11/11/26
0.00%
DESTR
Monthly
(118,347
)
Comfort Systems USA, Inc.
Citibank NA
(3,342,118)
02/22/28
0.00%
1D OBFR01
Monthly
114,516
Commerce Bancshares,
Inc./MO
Citibank NA
(5,289,222)
02/22/28
0.00%
1D OBFR01
Monthly
(51,360
)
Commerce Bancshares,
Inc./MO
Goldman Sachs Bank USA
(543,970)
08/18/26
(0.15)%
1D FEDL01
Monthly
(10,382
)
Commonwealth Bank of
Australia
Barclays Bank PLC
(7,430,037)
12/11/28
(0.25)%
1D AONIA
Monthly
(258,009
)
Commvault Systems, Inc.
Morgan Stanley & Co. International
PLC
(1,046,710)
12/09/27
(0.15)%
1D FEDL01
Monthly
78,982
Compass Group PLC
Citibank NA
(8,473,026)
04/01/27
0.00%
1D OBFR01
Monthly
(199,561
)
Compass, Inc.
Citibank NA
(1,368,766)
02/22/28
0.00%
1D OBFR01
Monthly
(15,803
)
Compass, Inc.
Citibank NA
(1,697,681)
02/22/28
0.00%
1D OBFR01
Monthly
(19,600
)
Compass, Inc.
Goldman Sachs Bank USA
(200,300)
08/18/26
(0.15)%
1D FEDL01
Monthly
19,951
 
46

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
ConocoPhillips
Goldman Sachs Bank USA
$(372,556)
08/18/26
(0.15)%
1D FEDL01
Monthly
$(4,546
)
Consolidated Edison, Inc.
Citibank NA
(9,072,004)
02/22/28
0.00%
1D OBFR01
Monthly
262,229
Consolidated Edison, Inc.
Goldman Sachs Bank USA
(5,070,399)
08/18/26
(0.15)%
1D FEDL01
Monthly
67,109
Consolidated Edison, Inc.
Morgan Stanley & Co. International
PLC
(131,145)
12/09/27
(0.15)%
1D FEDL01
Monthly
3,791
Constellation Brands, Inc.
Goldman Sachs Bank USA
(32,252)
08/18/26
(0.15)%
1D FEDL01
Monthly
345
Constellation Energy Corp.
Citibank NA
(23,956,778)
02/22/28
0.00%
1D OBFR01
Monthly
1,053,386
Constellation Energy Corp.
Citibank NA
(3,438,174)
02/22/28
0.00%
1D OBFR01
Monthly
151,960
Constellation Software,
Inc./Canada
Citibank NA
(1,857)
02/22/28
0.00%
1D CORRA
Monthly
(285
)
Constellation Software,
Inc./Canada
Morgan Stanley & Co. International
PLC
(18,431,471)
12/09/27
(0.20)%
CABROVER
Monthly
(2,833,773
)
Construction Partners, Inc.
Goldman Sachs Bank USA
(1,715,759)
08/18/26
(0.15)%
1D FEDL01
Monthly
6,660
Construction Partners, Inc.
Goldman Sachs Bank USA
(450,088)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1
)
Contact Energy Ltd.
Citibank NA
(2,287,553)
02/24/27
(0.50)%
1M BBR
Monthly
5,426
Contact Energy Ltd.
Morgan Stanley & Co. International
PLC
(421,313)
12/09/27
(0.40)%
1D NZOCO
Monthly
999
Cooper Cos., Inc./The
Barclays Bank PLC
(676,448)
01/11/27
(0.15)%
1D OBFR01
Monthly
(17,463
)
Cooper Cos., Inc./The
Citibank NA
(4,813,670)
02/22/28
0.00%
1D OBFR01
Monthly
(124,268
)
Copart, Inc.
Morgan Stanley & Co. International
PLC
(18,747)
12/09/27
(0.15)%
1D FEDL01
Monthly
(1,346
)
Corcept Therapeutics, Inc.
Citibank NA
(976,687)
02/22/28
0.00%
1D OBFR01
Monthly
(253,737
)
Core & Main, Inc.
Citibank NA
(21,919)
02/22/28
0.00%
1D OBFR01
Monthly
(110
)
Corebridge Financial, Inc.
Goldman Sachs Bank USA
(77,603)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,656
CoreWeave, Inc.
Citibank NA
(2,127,732)
02/22/28
0.00%
1D OBFR01
Monthly
279,870
Corning, Inc.
Barclays Bank PLC
(11,016,868)
01/11/27
(0.15)%
1D OBFR01
Monthly
1,056,647
Corpay, Inc.
Morgan Stanley & Co. International
PLC
(3,408,705)
12/09/27
(0.15)%
1D FEDL01
Monthly
(219,429
)
Corteva, Inc.
Citibank NA
(20,420,691)
02/22/28
0.00%
1D OBFR01
Monthly
2,268,906
CoStar Group, Inc.
Goldman Sachs Bank USA
(1,262,716)
08/18/26
(0.15)%
1D FEDL01
Monthly
15,654
CoStar Group, Inc.
Goldman Sachs Bank USA
(247,137)
08/18/26
(0.15)%
1D FEDL01
Monthly
8,343
Crane Co.
Morgan Stanley & Co. International
PLC
(1,518,494)
12/09/27
(0.15)%
1D FEDL01
Monthly
21,072
Credit Acceptance Corp.
Citibank NA
(1,507,836)
02/22/28
0.00%
1D OBFR01
Monthly
71,907
Credo Technology Group
Holding Ltd.
Goldman Sachs Bank USA
(11,883,217)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,035,078
Crescent Energy Co.
Goldman Sachs Bank USA
(1,319,822)
08/18/26
(0.15)%
1D FEDL01
Monthly
(168,709
)
Crocs, Inc.
Morgan Stanley & Co. International
PLC
(388,442)
12/09/27
(0.15)%
1D FEDL01
Monthly
23,358
Crowdstrike Holdings, Inc.
Morgan Stanley & Co. International
PLC
(8,404,097)
12/09/27
(0.15)%
1D FEDL01
Monthly
(108,831
)
Crown Castle, Inc.
Barclays Bank PLC
(1,398,953)
01/11/27
(0.15)%
1D OBFR01
Monthly
21,661
Crown Castle, Inc.
Citibank NA
(3,907,938)
02/22/28
0.00%
1D OBFR01
Monthly
60,510
Crown Holdings, Inc.
Citibank NA
(9,198)
02/22/28
0.00%
1D OBFR01
Monthly
(112
)
CSX Corp.
Morgan Stanley & Co. International
PLC
(3,266,280)
12/09/27
(0.15)%
1D FEDL01
Monthly
(2,614
)
CTS Eventim AG & Co. KGaA
Goldman Sachs Bank USA
(2,753,760)
08/19/26
(0.26)%
1D ESTR
Monthly
(66,182
)
CubeSmart
Morgan Stanley & Co. International
PLC
(1,707,919)
12/09/27
(0.15)%
1D FEDL01
Monthly
(14,122
)
Cummins, Inc.
Citibank NA
(7,657,432)
02/22/28
0.00%
1D OBFR01
Monthly
307,688
CVC Capital Partners PLC
Citibank NA
(261,021)
11/11/26
0.00%
1D ESTR
Monthly
(4,750
)
Cytokinetics, Inc.
Citibank NA
(1,308,547)
02/22/28
0.00%
1D OBFR01
Monthly
80,560
Daikin Industries Ltd.
Barclays Bank PLC
(3,184,161)
12/11/28
(0.20)%
1D P TONA
Monthly
156,697
Daito Trust Construction Co.
Ltd.
Barclays Bank PLC
(4,490,358)
12/11/28
(0.20)%
1D P TONA
Monthly
(201,955
)
Daito Trust Construction Co.
Ltd.
Citibank NA
(295,845)
02/24/27
0.00%
1D P TONA
Monthly
(13,306
)
Darling Ingredients, Inc.
Citibank NA
(604,462)
02/22/28
0.00%
1D OBFR01
Monthly
38,630
47 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Darling Ingredients, Inc.
Morgan Stanley & Co. International
PLC
$(1,873,799)
12/09/27
(0.15)%
1D FEDL01
Monthly
$81,281
Dassault Aviation SA
Barclays Bank PLC
(1,747,464)
02/14/28
(0.26)%
1D ESTR
Monthly
(40,584
)
Dassault Aviation SA
Citibank NA
(20,871,938)
11/11/26
0.00%
1D ESTR
Monthly
(838,539
)
DaVita, Inc.
Barclays Bank PLC
(2,058,550)
01/11/27
(0.15)%
1D OBFR01
Monthly
(71,049
)
DBS Group Holdings Ltd.
Morgan Stanley & Co. International
PLC
(2,389,377)
12/09/27
(0.30)%
SORA
Monthly
(10,806
)
Deckers Outdoor Corp.
Citibank NA
(1,442,368)
02/22/28
0.00%
1D OBFR01
Monthly
78,685
Deere & Co.
Barclays Bank PLC
(1,175,184)
01/11/27
(0.15)%
1D OBFR01
Monthly
28,367
Dell Technologies, Inc.
Citibank NA
(1,341,117)
02/22/28
0.00%
1D OBFR01
Monthly
88,524
Descartes Systems Group,
Inc./The
Goldman Sachs Bank USA
(1,999,046)
08/18/26
(0.15)%
1D CORRA
Monthly
(113,613
)
Descartes Systems Group,
Inc./The
Morgan Stanley & Co. International
PLC
(3,665,276)
12/09/27
(0.20)%
CABROVER
Monthly
(353,891
)
Devon Energy Corp.
Goldman Sachs Bank USA
(1,671,234)
08/18/26
(0.15)%
1D FEDL01
Monthly
(26,195
)
Dexerials Corp.
Barclays Bank PLC
(2,058,266)
12/11/28
(0.20)%
1D P TONA
Monthly
267,781
Diageo PLC
Citibank NA
(20,891,240)
11/11/26
0.00%
1D SONIA
Monthly
(729,538
)
Dick's Sporting Goods, Inc.
Citibank NA
(9,677,117)
02/22/28
0.00%
1D OBFR01
Monthly
654,874
Dick's Sporting Goods, Inc.
Goldman Sachs Bank USA
(209)
08/18/26
(0.15)%
1D FEDL01
Monthly
13
Digital Realty Trust, Inc.
Morgan Stanley & Co. International
PLC
(1,185,966)
12/09/27
(0.15)%
1D FEDL01
Monthly
(41,488
)
DigitalOcean Holdings, Inc.
Morgan Stanley & Co. International
PLC
(282,792)
12/09/27
(0.15)%
1D FEDL01
Monthly
49,907
Discovery Mining Ltd.
Goldman Sachs Bank USA
(125,971)
08/18/26
(0.20)%
1D CORRA
Monthly
(13,201
)
Discovery Mining Ltd.
Morgan Stanley & Co. International
PLC
(2,258,854)
12/09/27
(0.20)%
CABROVER
Monthly
84,490
Docusign, Inc.
Citibank NA
(1,280,770)
02/22/28
0.00%
1D OBFR01
Monthly
(185,603
)
Docusign, Inc.
Morgan Stanley & Co. International
PLC
(7,327)
12/09/27
(0.15)%
1D FEDL01
Monthly
(1,062
)
Dollar General Corp.
Morgan Stanley & Co. International
PLC
(1,130,256)
12/09/27
(0.15)%
1D FEDL01
Monthly
(64,014
)
Dollar Tree, Inc.
Barclays Bank PLC
(686,483)
01/11/27
(0.15)%
1D OBFR01
Monthly
(28,437
)
Dollarama, Inc.
Morgan Stanley & Co. International
PLC
(23,175,146)
12/09/27
(0.20)%
CABROVER
Monthly
(781,075
)
DoorDash, Inc.
Citibank NA
(5,863,135)
02/22/28
0.00%
1D OBFR01
Monthly
(607,987
)
Dropbox, Inc.
Barclays Bank PLC
(1,244,314)
01/11/27
(0.15)%
1D OBFR01
Monthly
(167,846
)
DSV A/S
Barclays Bank PLC
(7,434,738)
02/14/28
(0.26)%
DESTR
Monthly
156,867
DSV A/S
Citibank NA
(1,069,928)
11/11/26
0.00%
DESTR
Monthly
24,335
DT Midstream, Inc.
Morgan Stanley & Co. International
PLC
(7,684,368)
12/09/27
(0.15)%
1D FEDL01
Monthly
291,432
DTE Energy Co.
Citibank NA
(1,862,221)
02/22/28
0.00%
1D OBFR01
Monthly
79,483
Duke Energy Corp.
Citibank NA
(5,149,929)
02/22/28
0.00%
1D OBFR01
Monthly
103,755
Duolingo, Inc.
Goldman Sachs Bank USA
(361,642)
08/18/26
(0.15)%
1D FEDL01
Monthly
(9,894
)
Dycom Industries, Inc.
Goldman Sachs Bank USA
(36,874)
08/18/26
(0.15)%
1D FEDL01
Monthly
2,382
Dynex Capital, Inc.
Goldman Sachs Bank USA
(4,735,220)
08/18/26
(0.15)%
1D FEDL01
Monthly
216,853
East Japan Railway Co.
Barclays Bank PLC
(3,113,415)
12/11/28
(0.20)%
1D P TONA
Monthly
9,563
East Japan Railway Co.
Citibank NA
(5,094,558)
02/24/27
0.00%
1D P TONA
Monthly
(61,656
)
Eaton Corp PLC
Morgan Stanley & Co. International
PLC
(3,230,458)
12/09/27
(0.15)%
1D FEDL01
Monthly
(65,814
)
Ebara Corp.
Barclays Bank PLC
(3,227,035)
12/11/28
(0.20)%
1D P TONA
Monthly
110,646
Ebara Corp.
Citibank NA
(7,031)
02/24/27
0.00%
1D P TONA
Monthly
241
Ebara Corp.
Goldman Sachs Bank USA
(184,036)
08/19/26
0.10%
1D P TONA
Monthly
24,482
EchoStar Corp.
Citibank NA
(33,036)
02/22/28
0.00%
1D OBFR01
Monthly
2,932
EchoStar Corp.
Goldman Sachs Bank USA
(2,648,459)
08/18/26
(0.15)%
1D FEDL01
Monthly
320,512
Ecolab, Inc.
Citibank NA
(8,193,402)
02/22/28
0.00%
1D OBFR01
Monthly
(333,448
)
Edison International
Citibank NA
(4,561,887)
02/22/28
0.00%
1D OBFR01
Monthly
397,846
Edwards Lifesciences Corp.
Morgan Stanley & Co. International
PLC
(9,619,920)
12/09/27
(0.15)%
1D FEDL01
Monthly
(194,986
)
 
48

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Elanco Animal Health, Inc.
Morgan Stanley & Co. International
PLC
$(1,138,501)
12/09/27
(0.15)%
1D FEDL01
Monthly
$(46,277
)
Elastic NV
Morgan Stanley & Co. International
PLC
(1,229,111)
12/09/27
(0.15)%
1D FEDL01
Monthly
(148,926
)
Eldorado Gold Corp.
Goldman Sachs Bank USA
(1,724,133)
08/18/26
(0.15)%
1D CORRA
Monthly
(14,566
)
Eldorado Gold Corp.
Morgan Stanley & Co. International
PLC
(2,741,235)
12/09/27
(0.20)%
CABROVER
Monthly
172,996
Electric Power Development
Co Ltd.
Barclays Bank PLC
(133,889)
12/11/28
(0.20)%
1D P TONA
Monthly
1,413
Electric Power Development
Co Ltd.
Citibank NA
(796,161)
02/24/27
0.00%
1D P TONA
Monthly
8,405
elf Beauty, Inc.
Morgan Stanley & Co. International
PLC
(3,336,726)
12/09/27
(0.15)%
1D FEDL01
Monthly
(162,973
)
Eli Lilly & Co.
Citibank NA
(2,849,604)
02/22/28
0.00%
1D OBFR01
Monthly
41,839
Elia Group SA/NV
Citibank NA
(2,164,571)
11/11/26
0.00%
1D ESTR
Monthly
240,687
Elia Group SA/NV
Morgan Stanley & Co. International
PLC
(1,400,595)
12/09/27
(0.26)%
1D ESTR
Monthly
155,738
EMCOR Group, Inc.
Goldman Sachs Bank USA
(1,203,842)
08/18/26
(0.15)%
1D FEDL01
Monthly
(43,338
)
EnerSys
Goldman Sachs Bank USA
(11,327)
08/18/26
(0.15)%
1D FEDL01
Monthly
908
Enphase Energy, Inc.
Citibank NA
(1,901,423)
02/22/28
0.00%
1D OBFR01
Monthly
98,002
Enphase Energy, Inc.
Citibank NA
(855,878)
02/22/28
0.00%
1D OBFR01
Monthly
44,113
Enpro, Inc.
Morgan Stanley & Co. International
PLC
(2,207,634)
12/09/27
(0.15)%
1D FEDL01
Monthly
135,762
Entegris, Inc.
Goldman Sachs Bank USA
(23,439)
08/18/26
(0.15)%
1D FEDL01
Monthly
3,319
Entergy Corp.
Citibank NA
(12,281,361)
02/22/28
0.00%
1D OBFR01
Monthly
776,138
Entergy Corp.
Citibank NA
(1,354,665)
02/22/28
0.00%
1D OBFR01
Monthly
85,610
Epiroc AB
Barclays Bank PLC
(2,082,251)
02/14/28
(0.26)%
1D STIBOR
Monthly
(6,135
)
Epiroc AB
Barclays Bank PLC
(2,144,208)
02/14/28
(0.26)%
1D STIBOR
Monthly
(3,908
)
EQT Corp.
Citibank NA
(12,336,370)
02/22/28
0.00%
1D OBFR01
Monthly
164,454
EQT Corp.
Goldman Sachs Bank USA
(417,640)
08/18/26
(0.15)%
1D FEDL01
Monthly
(34,259
)
Equifax, Inc.
Goldman Sachs Bank USA
(4,633)
08/18/26
(0.15)%
1D FEDL01
Monthly
(27
)
Equinox Gold Corp.
Morgan Stanley & Co. International
PLC
(1,439,422)
12/09/27
(0.20)%
CABROVER
Monthly
64,582
Equity Residential
Citibank NA
(4,168,763)
02/22/28
0.00%
1D OBFR01
Monthly
112,323
Equity Residential
Goldman Sachs Bank USA
(1,151,344)
08/18/26
(0.15)%
1D FEDL01
Monthly
29,735
Equity Residential
Morgan Stanley & Co. International
PLC
(31,891)
12/09/27
(0.15)%
1D FEDL01
Monthly
859
ERO Copper Corp.
Goldman Sachs Bank USA
(1,025,618)
08/18/26
(0.15)%
1D CORRA
Monthly
(59,991
)
ERO Copper Corp.
Morgan Stanley & Co. International
PLC
(1,740,508)
12/09/27
(0.20)%
CABROVER
Monthly
20,563
Essex Property Trust, Inc.
Citibank NA
(14,630,641)
02/22/28
0.00%
1D OBFR01
Monthly
445,803
Essex Property Trust, Inc.
Citibank NA
(25,497)
02/22/28
0.00%
1D OBFR01
Monthly
777
Essex Property Trust, Inc.
Goldman Sachs Bank USA
(5,732,748)
08/18/26
(0.15)%
1D FEDL01
Monthly
165,877
Essity AB
Barclays Bank PLC
(3,843,778)
02/14/28
(0.26)%
1D STIBOR
Monthly
47,056
Estee Lauder Cos., Inc./The
Goldman Sachs Bank USA
(1,233,168)
08/18/26
(0.15)%
1D FEDL01
Monthly
(23,821
)
Etsy, Inc.
Morgan Stanley & Co. International
PLC
(2,380,116)
12/09/27
(0.15)%
1D FEDL01
Monthly
(35,489
)
Everest Group Ltd.
Citibank NA
(7,280,461)
02/22/28
0.00%
1D OBFR01
Monthly
(21,076
)
Everest Group Ltd.
Morgan Stanley & Co. International
PLC
(11,656,199)
12/09/27
(0.15)%
1D FEDL01
Monthly
(33,744
)
Evergy, Inc.
Goldman Sachs Bank USA
(69,446)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,959
Eversource Energy
Citibank NA
(12,257,307)
02/22/28
0.00%
1D OBFR01
Monthly
472,448
Eversource Energy
Goldman Sachs Bank USA
(7,969)
08/18/26
(0.15)%
1D FEDL01
Monthly
238
Eversource Energy
Morgan Stanley & Co. International
PLC
(11,616)
12/09/27
(0.15)%
1D FEDL01
Monthly
448
Evolution AB
Morgan Stanley & Co. International
PLC
(3,706,575)
12/09/27
(0.26)%
1D STIBOR
Monthly
(179,857
)
Exelon Corp.
Citibank NA
(2,728,074)
02/22/28
0.00%
1D OBFR01
Monthly
51,407
49 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Expand Energy Corp.
Citibank NA
$(6,740,011)
02/22/28
0.00%
1D OBFR01
Monthly
$(62,213
)
Expand Energy Corp.
Goldman Sachs Bank USA
(9,173,320)
08/18/26
(0.15)%
1D FEDL01
Monthly
(594,046
)
Expedia Group, Inc.
Barclays Bank PLC
(224,268)
01/11/27
(0.15)%
1D OBFR01
Monthly
(28,914
)
Experian PLC
Barclays Bank PLC
(6,092,176)
02/14/28
(0.25)%
1D SONIA
Monthly
(172,504
)
Experian PLC
Goldman Sachs Bank USA
(452,211)
08/19/26
(0.10)%
1D SONIA
Monthly
(12,883
)
Extra Space Storage, Inc.
Barclays Bank PLC
(55,554)
01/11/27
(0.15)%
1D OBFR01
Monthly
(1,145
)
F5, Inc.
Barclays Bank PLC
(12,018)
01/11/27
(0.15)%
1D OBFR01
Monthly
(59
)
Fabrinet
Citibank NA
(3,320,363)
02/22/28
0.00%
1D OBFR01
Monthly
505,873
Fabrinet
Goldman Sachs Bank USA
(399,540)
08/18/26
(0.15)%
1D FEDL01
Monthly
42,068
Fair Isaac Corp.
Goldman Sachs Bank USA
(21,704)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,491
Fast Retailing Co. Ltd.
Barclays Bank PLC
(20,101,229)
12/11/28
(0.20)%
1D P TONA
Monthly
171,690
Fast Retailing Co. Ltd.
Citibank NA
(246,944)
02/24/27
0.00%
1D P TONA
Monthly
2,109
Fast Retailing Co. Ltd.
Goldman Sachs Bank USA
(1,360,722)
08/19/26
0.13%
1D P TONA
Monthly
(10,352
)
Fastenal Co.
Goldman Sachs Bank USA
(15,968,897)
08/18/26
(0.15)%
1D FEDL01
Monthly
(827,313
)
Fastighets AB Balder
Barclays Bank PLC
(1,030,019)
02/14/28
(0.26)%
1D STIBOR
Monthly
(43,615
)
Fastly, Inc.
Goldman Sachs Bank USA
(1,434,080)
08/18/26
(0.15)%
1D FEDL01
Monthly
(190,733
)
Federal Realty Investment
Trust
Goldman Sachs Bank USA
(12,792,957)
08/18/26
(0.15)%
1D FEDL01
Monthly
(181,645
)
Fermi, Inc.
Citibank NA
(1,286,825)
02/22/28
(0.25)%
1D OBFR01
Monthly
179,375
Ferrari NV
Citibank NA
(13,909,775)
11/11/26
(0.19)%
1D ESTR
Monthly
(607,697
)
Ferrovial NV
Barclays Bank PLC
(1,082,122)
02/14/28
(0.26)%
1D ESTR
Monthly
(15,300
)
Ferrovial NV
Morgan Stanley & Co. International
PLC
(556,624)
12/09/27
(0.26)%
1D ESTR
Monthly
(6,204
)
Fidelity National Financial, Inc.
Citibank NA
(1,148,074)
02/22/28
0.00%
1D OBFR01
Monthly
(31,789
)
Fidelity National Financial, Inc.
Morgan Stanley & Co. International
PLC
(1,182,612)
12/09/27
(0.15)%
1D FEDL01
Monthly
(32,746
)
Fidelity National Information
Services, Inc.
Citibank NA
(212,267)
02/22/28
0.00%
1D OBFR01
Monthly
(22,148
)
Fifth Third BanCorp.
Citibank NA
(9,154,305)
02/22/28
0.00%
1D OBFR01
Monthly
185,721
Fifth Third BanCorp.
Goldman Sachs Bank USA
(464,911)
08/18/26
(0.15)%
1D FEDL01
Monthly
11,555
Figma, Inc.
Citibank NA
(917,456)
02/22/28
(0.45)%
1D OBFR01
Monthly
(121,786
)
Figure Technology Solutions,
Inc.
Goldman Sachs Bank USA
(118,912)
08/18/26
(0.15)%
1D FEDL01
Monthly
16,656
FinecoBank Banca Fineco
SpA
Barclays Bank PLC
(154,807)
02/14/28
(0.26)%
1D ESTR
Monthly
(149
)
First Citizens BancShares,
Inc./NC
Citibank NA
(2,896,133)
02/22/28
0.00%
1D OBFR01
Monthly
(152,058
)
First Horizon Corp.
Morgan Stanley & Co. International
PLC
(16,152)
12/09/27
(0.15)%
1D FEDL01
Monthly
50
First Industrial Realty Trust,
Inc.
Citibank NA
(4,066,459)
02/22/28
0.00%
1D OBFR01
Monthly
112,307
First Industrial Realty Trust,
Inc.
Goldman Sachs Bank USA
(744,170)
08/18/26
(0.15)%
1D FEDL01
Monthly
(678
)
First Quantum Minerals Ltd.
Morgan Stanley & Co. International
PLC
(2,359,298)
12/09/27
(0.20)%
CABROVER
Monthly
20,463
First Solar, Inc.
Morgan Stanley & Co. International
PLC
(2,172,144)
12/09/27
(0.15)%
1D FEDL01
Monthly
(22,568
)
FirstCash Holdings, Inc.
Morgan Stanley & Co. International
PLC
(5,244,801)
12/09/27
(0.15)%
1D FEDL01
Monthly
118,846
FirstEnergy Corp.
Barclays Bank PLC
(50,711)
01/11/27
(0.15)%
1D OBFR01
Monthly
1,049
FirstService Corp.
Morgan Stanley & Co. International
PLC
(131,301)
12/09/27
(0.20)%
CABROVER
Monthly
1,284
Fiserv, Inc.
Citibank NA
(4,348,600)
02/22/28
0.00%
1D OBFR01
Monthly
(322,119
)
Fiserv, Inc.
Citibank NA
(4,773,411)
02/22/28
0.00%
1D OBFR01
Monthly
(353,586
)
Fiserv, Inc.
Goldman Sachs Bank USA
(752,076)
08/18/26
(0.15)%
1D FEDL01
Monthly
(53,464
)
Five Below, Inc.
Goldman Sachs Bank USA
(9,652)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,205
)
Flagstar Bank N.A.
Citibank NA
(1,163,408)
02/22/28
0.00%
1D OBFR01
Monthly
51,603
 
50

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Flagstar Bank N.A.
Morgan Stanley & Co. International
PLC
$(198,083)
12/09/27
(0.15)%
1D FEDL01
Monthly
$8,786
Flughafen Zurich AG
Morgan Stanley & Co. International
PLC
(643,587)
12/09/27
(0.26)%
SSARON
Monthly
(13,396
)
Fluor Corp.
Barclays Bank PLC
(1,804,134)
01/11/27
(0.15)%
1D OBFR01
Monthly
42,665
Flutter Entertainment PLC
Citibank NA
(1,758,177)
02/22/28
0.00%
1D OBFR01
Monthly
(82,271
)
Ford Motor Co.
Citibank NA
(9,385,014)
02/22/28
0.00%
1D OBFR01
Monthly
(161,639
)
Fortinet, Inc.
Goldman Sachs Bank USA
(271,501)
08/18/26
(0.15)%
1D FEDL01
Monthly
(15,474
)
Fortive Corp.
Citibank NA
(37,295)
02/22/28
0.00%
1D OBFR01
Monthly
644
Fortum OYJ
Citibank NA
(1,868,664)
11/11/26
0.00%
1D ESTR
Monthly
95,817
Fortum OYJ
Morgan Stanley & Co. International
PLC
(306,408)
12/09/27
(0.26)%
1D ESTR
Monthly
15,711
Freshpet, Inc.
Barclays Bank PLC
(312,904)
01/11/27
(0.15)%
1D OBFR01
Monthly
(9,922
)
FTAI Aviation Ltd.
Citibank NA
(5,699,749)
02/22/28
0.00%
1D OBFR01
Monthly
422,441
FTAI Aviation Ltd.
Morgan Stanley & Co. International
PLC
(24,919)
12/09/27
(0.15)%
1D FEDL01
Monthly
1,847
FTI Consulting, Inc.
Citibank NA
(41,945)
02/22/28
0.00%
1D OBFR01
Monthly
(769
)
FuelCell Energy, Inc.
Goldman Sachs Bank USA
(1,495,487)
08/18/26
(0.15)%
1D FEDL01
Monthly
(121,265
)
Furukawa Electric Co. Ltd.
Citibank NA
(489,629)
02/24/27
0.00%
1D P TONA
Monthly
67,919
Furukawa Electric Co. Ltd.
Goldman Sachs Bank USA
(2,937,435)
08/19/26
0.20%
1D P TONA
Monthly
569,369
G Mining Ventures Corp.
Barclays Bank PLC
(90,412)
01/11/27
(0.50)%
CABROVER
Monthly
2,809
G Mining Ventures Corp.
Goldman Sachs Bank USA
(1,668,110)
08/18/26
(0.20)%
1D CORRA
Monthly
(166,124
)
G Mining Ventures Corp.
Morgan Stanley & Co. International
PLC
(1,935,071)
12/09/27
(0.28)%
CABROVER
Monthly
60,114
Galderma Group AG
Citibank NA
(3,434,511)
11/11/26
0.00%
SSARON
Monthly
(41,177
)
Galp Energia SGPS SA
Barclays Bank PLC
(2,171,458)
02/14/28
(0.26)%
1D ESTR
Monthly
55,397
GameStop Corp.
Goldman Sachs Bank USA
(1,040,099)
08/18/26
(0.15)%
1D FEDL01
Monthly
25,231
Gap, Inc./The
Citibank NA
(455,251)
02/22/28
0.00%
1D OBFR01
Monthly
(10,194
)
Gartner, Inc.
Goldman Sachs Bank USA
(1,023,398)
08/18/26
(0.15)%
1D FEDL01
Monthly
(132,056
)
GE HealthCare Technologies,
Inc.
Morgan Stanley & Co. International
PLC
(647,834)
12/09/27
(0.15)%
1D FEDL01
Monthly
(23,727
)
Gen Digital, Inc.
Citibank NA
(5,694,466)
02/22/28
0.00%
1D OBFR01
Monthly
(416,288
)
Gen Digital, Inc.
Morgan Stanley & Co. International
PLC
(754,047)
12/09/27
(0.15)%
1D FEDL01
Monthly
(55,124
)
Gen Digital, Inc.
Morgan Stanley & Co. International
PLC
(18,801)
12/09/27
(0.15)%
1D FEDL01
Monthly
(1,374
)
Generac Holdings, Inc.
Citibank NA
(234,146)
02/22/28
0.00%
1D OBFR01
Monthly
2,345
General Motors Co.
Barclays Bank PLC
(1,216,427)
01/11/27
(0.15)%
1D OBFR01
Monthly
(99,678
)
Genesis Minerals Ltd.
Barclays Bank PLC
(1,658,282)
12/11/28
(0.25)%
1D AONIA
Monthly
110,601
GFL Environmental, Inc.
Goldman Sachs Bank USA
(12,842,477)
08/18/26
(0.15)%
1D CORRA
Monthly
(630,157
)
Gildan Activewear, Inc.
Goldman Sachs Bank USA
(11,065,693)
08/18/26
(0.15)%
1D CORRA
Monthly
(586,845
)
Gildan Activewear, Inc.
Morgan Stanley & Co. International
PLC
(11,711,229)
12/09/27
(0.20)%
CABROVER
Monthly
(404,744
)
Gitlab, Inc.
Goldman Sachs Bank USA
(35,555)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,819
)
Glaukos Corp.
Citibank NA
(863,048)
02/22/28
0.00%
1D OBFR01
Monthly
(78,254
)
Global Payments, Inc.
Citibank NA
(2,586,031)
02/22/28
0.00%
1D OBFR01
Monthly
(167,337
)
Global Payments, Inc.
Citibank NA
(15,580,149)
02/22/28
0.00%
1D OBFR01
Monthly
(1,008,162
)
Global Payments, Inc.
Goldman Sachs Bank USA
(1,412,653)
08/18/26
(0.15)%
1D FEDL01
Monthly
(105,832
)
Globant SA
Barclays Bank PLC
(1,829,067)
01/11/27
(0.15)%
1D OBFR01
Monthly
(353,647
)
Globus Medical, Inc.
Citibank NA
(6,886,355)
02/22/28
0.00%
1D OBFR01
Monthly
(300,081
)
GoDaddy, Inc.
Barclays Bank PLC
(17,880)
01/11/27
(0.15)%
1D OBFR01
Monthly
1,332
Goldman Sachs Group,
Inc./The
Merrill Lynch International
(2,574,876)
02/15/28
0.10%
1D OBFR01
Monthly
298,797
Goldman Sachs Group,
Inc./The
Morgan Stanley & Co. International
PLC
(727,008)
12/09/27
(0.15)%
1D FEDL01
Monthly
52,841
Goodman Group
Barclays Bank PLC
(2,839,595)
12/11/28
(0.25)%
1D AONIA
Monthly
(60,481
)
Graco, Inc.
Citibank NA
(5,632,168)
02/22/28
0.00%
1D OBFR01
Monthly
(419,287
)
Granite Construction, Inc.
Goldman Sachs Bank USA
(25,286)
08/18/26
(0.15)%
1D FEDL01
Monthly
729
51 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Graphic Packaging Holding
Co.
Citibank NA
$(11,999)
02/22/28
0.00%
1D OBFR01
Monthly
$410
Great-West Lifeco, Inc.
Citibank NA
(7,754)
02/22/28
0.00%
1D CORRA
Monthly
(69
)
Great-West Lifeco, Inc.
Morgan Stanley & Co. International
PLC
(4,927,633)
12/09/27
(0.20)%
CABROVER
Monthly
(43,863
)
GSK PLC
Barclays Bank PLC
(17,505,151)
02/14/28
(0.25)%
1D SONIA
Monthly
(172,734
)
GSK PLC
Citibank NA
(724,802)
11/11/26
0.00%
1D SONIA
Monthly
(7,152
)
Guardant Health, Inc.
Goldman Sachs Bank USA
(30,636)
08/18/26
(0.15)%
1D FEDL01
Monthly
182
GXO Logistics, Inc.
Citibank NA
(1,558,243)
02/22/28
0.00%
1D OBFR01
Monthly
111,076
Haleon PLC
Barclays Bank PLC
(6,399,920)
02/14/28
(0.25)%
1D SONIA
Monthly
41,341
Haleon PLC
Citibank NA
(417,780)
11/11/26
0.00%
1D SONIA
Monthly
3,038
Halma PLC
Barclays Bank PLC
(1,642,423)
02/14/28
(0.25)%
1D SONIA
Monthly
52,494
Halozyme Therapeutics, Inc.
Citibank NA
(1,582,625)
02/22/28
0.00%
1D OBFR01
Monthly
(95,991
)
Hankyu Hanshin Holdings, Inc.
Barclays Bank PLC
(14,473,426)
12/11/28
(0.20)%
1D P TONA
Monthly
(66,069
)
Hankyu Hanshin Holdings, Inc.
Citibank NA
(117,658)
02/24/27
0.00%
1D P TONA
Monthly
(693
)
Hannover Rueck SE
Goldman Sachs Bank USA
(2,048,672)
08/19/26
(0.26)%
1D ESTR
Monthly
3,563
Harel Insurance Investments &
Financial Services Ltd.
Citibank NA
(43,399)
11/11/26
0.00%
SHIR
Monthly
1,034
Harley-Davidson, Inc.
Citibank NA
(1,572,075)
02/22/28
0.00%
1D OBFR01
Monthly
175,307
Harmonic Drive Systems, Inc.
Citibank NA
(678,898)
02/24/27
0.00%
1D P TONA
Monthly
89,364
Hartford Insurance Group
Inc/The
Barclays Bank PLC
(25,070)
01/11/27
(0.15)%
1D OBFR01
Monthly
(190
)
HCA Healthcare, Inc.
Citibank NA
(1,040,864)
02/22/28
0.00%
1D OBFR01
Monthly
(85,985
)
Healthpeak Properties, Inc.
Citibank NA
(38,278)
02/22/28
0.00%
1D OBFR01
Monthly
621
Heidelberg Materials AG
Barclays Bank PLC
(2,923,708)
02/14/28
(0.26)%
1D ESTR
Monthly
143,149
Heineken NV
Barclays Bank PLC
(6,749,431)
02/14/28
(0.26)%
1D ESTR
Monthly
(79,119
)
Heineken NV
Citibank NA
(13,773,003)
11/11/26
0.00%
1D ESTR
Monthly
(144,581
)
Henkel AG & Co. KGaA
Barclays Bank PLC
(849,944)
02/14/28
(0.26)%
1D ESTR
Monthly
(7,720
)
Henkel AG & Co. KGaA
Citibank NA
(5,734,746)
11/11/26
0.00%
1D ESTR
Monthly
(52,088
)
Henkel AG & Co. KGaA
Morgan Stanley & Co. International
PLC
(7,314,115)
12/09/27
(0.26)%
1D ESTR
Monthly
(66,433
)
Henry Schein, Inc.
Barclays Bank PLC
(49,614)
01/11/27
(0.15)%
1D OBFR01
Monthly
(550
)
Herc Holdings, Inc.
Goldman Sachs Bank USA
(1,242,011)
08/18/26
(0.15)%
1D FEDL01
Monthly
(10,007
)
Hermes International SCA
Barclays Bank PLC
(1,800,549)
02/14/28
(0.26)%
1D ESTR
Monthly
142,076
Hewlett Packard Enterprise
Co.
Morgan Stanley & Co. International
PLC
(575,490)
12/09/27
(0.15)%
1D FEDL01
Monthly
2,750
HF Sinclair Corp.
Citibank NA
(6,916,536)
02/22/28
0.00%
1D OBFR01
Monthly
(46,435
)
Hilton Worldwide Holdings,
Inc.
Barclays Bank PLC
(227,934)
01/11/27
(0.15)%
1D OBFR01
Monthly
2,629
Hilton Worldwide Holdings,
Inc.
Morgan Stanley & Co. International
PLC
(5,921,088)
12/09/27
(0.15)%
1D FEDL01
Monthly
68,300
Hims & Hers Health, Inc.
Barclays Bank PLC
(67,827)
01/11/27
(0.75)%
1D OBFR01
Monthly
8,371
Hims & Hers Health, Inc.
Citibank NA
(392,167)
02/22/28
(0.32)%
1D OBFR01
Monthly
48,402
Hims & Hers Health, Inc.
Goldman Sachs Bank USA
(23,566)
08/18/26
(0.37)%
1D FEDL01
Monthly
5,960
Hims & Hers Health, Inc.
Morgan Stanley & Co. International
PLC
(1,005,111)
12/09/27
(0.15)%
1D FEDL01
Monthly
124,053
Hiscox Ltd.
Barclays Bank PLC
(4,864,768)
02/14/28
(0.25)%
1D SONIA
Monthly
34,943
Hiscox Ltd.
Citibank NA
(62,057)
11/11/26
0.00%
1D SONIA
Monthly
461
Home Depot, Inc./The
Citibank NA
(8,864,962)
02/22/28
0.00%
1D OBFR01
Monthly
(13,640
)
Hong Kong & China Gas Co.
Ltd.
Citibank NA
(2,546,703)
02/24/27
(0.20)%
HONIA
Monthly
(33,370
)
Hong Kong & China Gas Co.
Ltd.
Morgan Stanley & Co. International
PLC
(40,648)
12/09/27
(0.30)%
HONIA
Monthly
(533
)
Host Hotels & Resorts, Inc.
Citibank NA
(4,211,820)
02/22/28
0.00%
1D OBFR01
Monthly
(108,304
)
Houlihan Lokey, Inc.
Barclays Bank PLC
(29,546)
01/11/27
(0.15)%
1D OBFR01
Monthly
2,943
Howden Joinery Group PLC
Barclays Bank PLC
(504,622)
02/14/28
(0.25)%
1D SONIA
Monthly
(10,171
)
Howden Joinery Group PLC
Goldman Sachs Bank USA
(29,712)
08/19/26
(0.25)%
1D SONIA
Monthly
164
 
52

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
HP, Inc.
Morgan Stanley & Co. International
PLC
$(198,390)
12/09/27
(0.15)%
1D FEDL01
Monthly
$(17,152
)
Huber and Suhner AG
Citibank NA
(373,133)
11/11/26
0.00%
SSARON
Monthly
4,708
HubSpot, Inc.
Citibank NA
(164,945)
02/22/28
0.00%
1D OBFR01
Monthly
(26,130
)
Humana, Inc.
Citibank NA
(38,170)
02/22/28
0.00%
1D OBFR01
Monthly
3,239
Humana, Inc.
Morgan Stanley & Co. International
PLC
(5,679,318)
12/09/27
(0.15)%
1D FEDL01
Monthly
481,942
Hydro One Ltd.
Citibank NA
(4,717)
02/22/28
0.00%
1D CORRA
Monthly
93
Hydro One Ltd.
Morgan Stanley & Co. International
PLC
(1,315,270)
12/09/27
(0.20)%
CABROVER
Monthly
25,833
iA Financial Corp, Inc.
Morgan Stanley & Co. International
PLC
(4,076,355)
12/09/27
(0.20)%
CABROVER
Monthly
(29,715
)
IAMGOLD Corp.
Morgan Stanley & Co. International
PLC
(874,839)
12/09/27
(0.20)%
CABROVER
Monthly
49,536
ICON PLC
Citibank NA
(1,425,226)
02/22/28
0.00%
1D OBFR01
Monthly
31,652
IDEXX Laboratories, Inc.
Citibank NA
(4,559,407)
02/22/28
0.00%
1D OBFR01
Monthly
(119,450
)
IHI Corp.
Barclays Bank PLC
(4,113,350)
12/11/28
(0.20)%
1D P TONA
Monthly
(4,357
)
ImmunityBio, Inc.
Barclays Bank PLC
(277,127)
01/11/27
(1.75)%
1D OBFR01
Monthly
12,546
ImmunityBio, Inc.
Citibank NA
(10,154)
02/22/28
(8.69)%
1D OBFR01
Monthly
460
ImmunityBio, Inc.
Morgan Stanley & Co. International
PLC
(1,061,336)
12/09/27
(0.98)%
1D FEDL01
Monthly
48,050
Infineon Technologies AG
Barclays Bank PLC
(11,815,670)
02/14/28
(0.26)%
1D ESTR
Monthly
1,280,999
Ingersoll Rand, Inc.
Citibank NA
(3,288,477)
02/22/28
0.00%
1D OBFR01
Monthly
9,558
Ingersoll Rand, Inc.
Citibank NA
(52,881)
02/22/28
0.00%
1D OBFR01
Monthly
101
Innodata, Inc.
Goldman Sachs Bank USA
(222,250)
08/18/26
(0.15)%
1D FEDL01
Monthly
8,439
Insulet Corp.
Citibank NA
(12,845,387)
02/22/28
0.00%
1D OBFR01
Monthly
(515,389
)
Intel Corp.
Merrill Lynch International
(264,478)
02/15/28
0.10%
1D OBFR01
Monthly
32,845
Intellia Therapeutics, Inc.
Citibank NA
(584,169)
02/22/28
0.00%
1D OBFR01
Monthly
23,619
International Consolidated
Airlines Group SA
Barclays Bank PLC
(5,387,298)
02/14/28
(0.25)%
1D SONIA
Monthly
48,601
International Consolidated
Airlines Group SA
Citibank NA
(1,258,103)
11/11/26
0.00%
1D SONIA
Monthly
11,350
International Flavors &
Fragrances, Inc.
Citibank NA
(10,124,471)
02/22/28
0.00%
1D OBFR01
Monthly
(264,915
)
International Flavors &
Fragrances, Inc.
Goldman Sachs Bank USA
(13,104)
08/18/26
(0.15)%
1D FEDL01
Monthly
(680
)
Intuitive Surgical, Inc.
Citibank NA
(17,375)
02/22/28
0.00%
1D OBFR01
Monthly
(645
)
Intuitive Surgical, Inc.
Goldman Sachs Bank USA
(13,887,074)
08/18/26
(0.15)%
1D FEDL01
Monthly
417,781
Investor AB
Barclays Bank PLC
(21,795,034)
02/14/28
(0.26)%
1D STIBOR
Monthly
(500,763
)
Invitation Homes, Inc.
Citibank NA
(16,811,667)
02/22/28
0.00%
1D OBFR01
Monthly
(125,375
)
Invitation Homes, Inc.
Citibank NA
(45,253)
02/22/28
0.00%
1D OBFR01
Monthly
(337
)
Invitation Homes, Inc.
Goldman Sachs Bank USA
(4,145,190)
08/18/26
(0.15)%
1D FEDL01
Monthly
11,881
Ionis Pharmaceuticals, Inc.
Citibank NA
(214,042)
02/22/28
0.00%
1D OBFR01
Monthly
8,877
IonQ, Inc.
Citibank NA
(203,468)
02/22/28
(0.28)%
1D OBFR01
Monthly
(10,326
)
IonQ, Inc.
Goldman Sachs Bank USA
(20,593)
08/18/26
(0.44)%
1D FEDL01
Monthly
587
IonQ, Inc.
Morgan Stanley & Co. International
PLC
(731,193)
12/09/27
(0.23)%
1D FEDL01
Monthly
(37,108
)
IQVIA Holdings, Inc.
Barclays Bank PLC
(1,726,330)
01/11/27
(0.15)%
1D OBFR01
Monthly
(317,404
)
IRhythm Holdings, Inc.
Goldman Sachs Bank USA
(54,931)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,896
)
Iron Mountain, Inc.
Citibank NA
(3,076,020)
02/22/28
0.00%
1D OBFR01
Monthly
54,104
Iron Mountain, Inc.
Morgan Stanley & Co. International
PLC
(1,053,853)
12/09/27
(0.15)%
1D FEDL01
Monthly
18,536
Isetan Mitsukoshi Holdings
Ltd.
Barclays Bank PLC
(4,045,147)
12/11/28
(0.20)%
1D P TONA
Monthly
311,121
Isetan Mitsukoshi Holdings
Ltd.
Citibank NA
(152,328)
02/24/27
0.00%
1D P TONA
Monthly
11,716
Isuzu Motors Ltd.
Barclays Bank PLC
(1,630,688)
12/11/28
(0.20)%
1D P TONA
Monthly
(31,349
)
Isuzu Motors Ltd.
Citibank NA
(130,279)
02/24/27
0.00%
1D P TONA
Monthly
(2,505
)
53 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
J Front Retailing Co Ltd.
Citibank NA
$(266,350)
02/24/27
0.00%
1D P TONA
Monthly
$13,285
J M Smucker Co./The
Citibank NA
(21,839)
02/22/28
0.00%
1D OBFR01
Monthly
(224
)
Jabil, Inc.
Morgan Stanley & Co. International
PLC
(43,924)
12/09/27
(0.15)%
1D FEDL01
Monthly
447
Jacobs Solutions, Inc.
Barclays Bank PLC
(6,264)
01/11/27
(0.15)%
1D OBFR01
Monthly
(213
)
James Hardie Industries PLC
Citibank NA
(2,961,309)
02/22/28
0.00%
1D OBFR01
Monthly
(180,451
)
James Hardie Industries PLC
Goldman Sachs Bank USA
(170,792)
08/18/26
(0.35)%
1D FEDL01
Monthly
65
Japan Exchange Group, Inc.
Barclays Bank PLC
(1,437,263)
12/11/28
(0.20)%
1D P TONA
Monthly
34,783
Japan Exchange Group, Inc.
Citibank NA
(1,996,277)
02/24/27
0.00%
1D P TONA
Monthly
48,312
Japan Petroleum Exploration
Co Ltd.
Barclays Bank PLC
(1,514,886)
12/11/28
(0.20)%
1D P TONA
Monthly
(31,758
)
Japan Post Bank Co Ltd.
Barclays Bank PLC
(6,515,213)
12/11/28
(0.20)%
1D P TONA
Monthly
639,267
Japan Post Bank Co Ltd.
Citibank NA
(795,375)
02/24/27
0.00%
1D P TONA
Monthly
78,042
Japan Post Bank Co Ltd.
Goldman Sachs Bank USA
(143,176)
08/19/26
(0.04)%
1D P TONA
Monthly
11,697
Jazz Pharmaceuticals PLC
Citibank NA
(1,118,898)
02/22/28
0.00%
1D OBFR01
Monthly
(6,329
)
JB Hunt Transport Services,
Inc.
Goldman Sachs Bank USA
(118,524)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,943
JBT Marel Corp.
Barclays Bank PLC
(647,935)
01/11/27
(0.15)%
1D OBFR01
Monthly
(15,475
)
JBT Marel Corp.
Barclays Bank PLC
(99,131)
01/11/27
(0.15)%
1D OBFR01
Monthly
(2,368
)
JBT Marel Corp.
Citibank NA
(7,506,496)
02/22/28
0.00%
1D OBFR01
Monthly
(179,281
)
Jefferies Financial Group, Inc.
Morgan Stanley & Co. International
PLC
(2,263,862)
12/09/27
(0.15)%
1D FEDL01
Monthly
55,019
JetBlue Airways Corp.
Barclays Bank PLC
(808,801)
01/11/27
(0.15)%
1D OBFR01
Monthly
(99,860
)
Johnson & Johnson
Goldman Sachs Bank USA
(710,917)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,480
)
Johnson Controls International
plc
Goldman Sachs Bank USA
(1,098,503)
08/18/26
(0.15)%
1D FEDL01
Monthly
(52,925
)
Jones Lang LaSalle, Inc.
Citibank NA
(1,822,725)
02/22/28
0.00%
1D OBFR01
Monthly
(174,319
)
JPMorgan Chase & Co.
Citibank NA
(6,709,310)
02/22/28
0.00%
1D OBFR01
Monthly
(68,979
)
JPMorgan Chase & Co.
Merrill Lynch International
(60,709)
02/15/28
0.10%
1D OBFR01
Monthly
(854
)
JX Advanced Metals Corp.
Barclays Bank PLC
(15,865,670)
12/11/28
(0.20)%
1D P TONA
Monthly
356,891
JX Advanced Metals Corp.
Citibank NA
(372,111)
02/24/27
0.00%
1D P TONA
Monthly
8,370
K92 Mining, Inc.
Citibank NA
(2,177)
02/22/28
0.00%
1D CORRA
Monthly
(9
)
K92 Mining, Inc.
Morgan Stanley & Co. International
PLC
(466,456)
12/09/27
(0.20)%
CABROVER
Monthly
(1,871
)
Karman Holdings, Inc.
Barclays Bank PLC
(1,309,820)
01/11/27
(0.15)%
1D OBFR01
Monthly
(15,413
)
Karman Holdings, Inc.
Goldman Sachs Bank USA
(1,861,507)
08/18/26
(0.15)%
1D FEDL01
Monthly
(30,354
)
KBC Group NV
Barclays Bank PLC
(8,332,291)
02/14/28
(0.26)%
1D ESTR
Monthly
(142,857
)
KDDI Corp.
Citibank NA
(1,838,021)
02/24/27
0.00%
1D P TONA
Monthly
(35,671
)
Keel Infrastructure Corp.
Goldman Sachs Bank USA
(341,023)
08/18/26
(0.15)%
1D FEDL01
Monthly
29,790
Kering SA
Barclays Bank PLC
(4,936,727)
02/14/28
(0.26)%
1D ESTR
Monthly
(736,573
)
Keurig Dr. Pepper, Inc.
Citibank NA
(20,333,720)
02/22/28
0.00%
1D OBFR01
Monthly
(619,438
)
Keurig Dr. Pepper, Inc.
Citibank NA
(251,536)
02/22/28
0.00%
1D OBFR01
Monthly
(7,663
)
Keurig Dr. Pepper, Inc.
Goldman Sachs Bank USA
(2,209,621)
08/18/26
(0.15)%
1D FEDL01
Monthly
(73,405
)
KeyCorp.
Citibank NA
(7,436,682)
02/22/28
0.00%
1D OBFR01
Monthly
167,333
Keyence Corp.
Barclays Bank PLC
(10,967,990)
12/11/28
(0.20)%
1D P TONA
Monthly
(1,170,406
)
Keyence Corp.
Citibank NA
(1,767,569)
02/24/27
0.00%
1D P TONA
Monthly
(188,619
)
Kikkoman Corp.
Barclays Bank PLC
(3,803,996)
12/11/28
(0.20)%
1D P TONA
Monthly
(44,727
)
Kimco Realty Corp.
Citibank NA
(10,282,613)
02/22/28
0.00%
1D OBFR01
Monthly
259,622
Kimco Realty Corp.
Citibank NA
(50,372)
02/22/28
0.00%
1D OBFR01
Monthly
1,272
Kimco Realty Corp.
Goldman Sachs Bank USA
(641,108)
08/18/26
(0.15)%
1D FEDL01
Monthly
847
Kinetik Holdings, Inc.
Barclays Bank PLC
(340,898)
01/11/27
(0.15)%
1D OBFR01
Monthly
6,934
Kinetik Holdings, Inc.
Citibank NA
(635,752)
02/22/28
(0.28)%
1D OBFR01
Monthly
12,932
Kinetik Holdings, Inc.
Goldman Sachs Bank USA
(24,765)
08/18/26
(0.15)%
1D FEDL01
Monthly
(925
)
Kingspan Group PLC
Barclays Bank PLC
(265,095)
02/14/28
(0.26)%
1D ESTR
Monthly
(14,573
)
Kingspan Group PLC
Citibank NA
(1,983,234)
11/11/26
0.00%
1D ESTR
Monthly
(109,023
)
Kioxia Holdings Corp.
Barclays Bank PLC
(8,732,616)
12/11/28
(0.20)%
1D P TONA
Monthly
1,903,575
Kioxia Holdings Corp.
Citibank NA
(3,031,591)
02/24/27
0.00%
1D P TONA
Monthly
(424,741
)
Kioxia Holdings Corp.
Goldman Sachs Bank USA
(2,985,167)
08/19/26
0.20%
1D P TONA
Monthly
(80,933
)
 
54

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Kioxia Holdings Corp.
Morgan Stanley & Co. International
PLC
$(3,007,142)
12/09/27
(0.25)%
1D P TONA
Monthly
$(421,315
)
Kirin Holdings Co Ltd.
Barclays Bank PLC
(2,544,268)
12/11/28
(0.20)%
1D P TONA
Monthly
(32,747
)
KKR & Co., Inc.
Citibank NA
(3,976,818)
02/22/28
0.00%
1D OBFR01
Monthly
(245,611
)
KKR & Co., Inc.
Goldman Sachs Bank USA
(4,748,240)
08/18/26
(0.15)%
1D FEDL01
Monthly
(91,898
)
KKR & Co., Inc.
Morgan Stanley & Co. International
PLC
(1,641,970)
12/09/27
(0.15)%
1D FEDL01
Monthly
(101,409
)
Knorr-Bremse AG
Barclays Bank PLC
(3,308,742)
02/14/28
(0.26)%
1D ESTR
Monthly
30,517
Knorr-Bremse AG
Goldman Sachs Bank USA
(919,050)
08/19/26
(0.26)%
1D ESTR
Monthly
(19,472
)
Kohl's Corp.
Citibank NA
(387,763)
02/22/28
0.00%
1D OBFR01
Monthly
(1,219
)
Komatsu Ltd.
Barclays Bank PLC
(879,293)
12/11/28
(0.20)%
1D P TONA
Monthly
(62,275
)
Komatsu Ltd.
Citibank NA
(117,509)
02/24/27
0.00%
1D P TONA
Monthly
(8,322
)
Komatsu Ltd.
Goldman Sachs Bank USA
(13,388,366)
08/19/26
0.20%
1D P TONA
Monthly
(1,008,512
)
Konami Group Corp.
Barclays Bank PLC
(174,319)
12/11/28
(0.20)%
1D P TONA
Monthly
(18,910
)
Konami Group Corp.
Citibank NA
(2,545,055)
02/24/27
0.00%
1D P TONA
Monthly
(276,092
)
Konami Group Corp.
Goldman Sachs Bank USA
(2,003,075)
08/19/26
0.16%
1D P TONA
Monthly
(186,856
)
Kone Oyj
Barclays Bank PLC
(1,199,423)
02/14/28
(0.26)%
1D ESTR
Monthly
(85,085
)
Kroger Co./The
Citibank NA
(1,634,654)
02/22/28
0.00%
1D OBFR01
Monthly
(5,682
)
Krystal Biotech, Inc.
Citibank NA
(2,898,164)
02/22/28
0.00%
1D OBFR01
Monthly
(37,174
)
Krystal Biotech, Inc.
Morgan Stanley & Co. International
PLC
(351,619)
12/09/27
(0.15)%
1D FEDL01
Monthly
(4,510
)
Kurita Water Industries Ltd.
Barclays Bank PLC
(33,604)
12/11/28
(0.20)%
1D P TONA
Monthly
1,362
Kurita Water Industries Ltd.
Citibank NA
(128,816)
02/24/27
0.00%
1D P TONA
Monthly
5,220
Kymera Therapeutics, Inc.
Citibank NA
(3,745,980)
02/22/28
0.00%
1D OBFR01
Monthly
235,860
L E Lundbergforetagen AB
Barclays Bank PLC
(1,856,422)
02/14/28
(0.26)%
1D STIBOR
Monthly
(51,552
)
L E Lundbergforetagen AB
Citibank NA
(442,058)
11/11/26
0.00%
TN STIBOR
Monthly
(12,276
)
Lamb Weston Holdings, Inc.
Citibank NA
(1,621,344)
02/22/28
0.00%
1D OBFR01
Monthly
(153,690
)
Lamb Weston Holdings, Inc.
Citibank NA
(664,368)
02/22/28
0.00%
1D OBFR01
Monthly
(62,977
)
Landstar System, Inc.
Citibank NA
(3,435,705)
02/22/28
0.00%
1D OBFR01
Monthly
551,300
Las Vegas Sands Corp.
Citibank NA
(6,893,120)
02/22/28
0.00%
1D OBFR01
Monthly
(496,506
)
Lasertec Corp.
Barclays Bank PLC
(166,756)
12/11/28
0.00%
1D P TONA
Monthly
5,943
Legence Corp.
Citibank NA
(494,789)
02/22/28
0.00%
1D OBFR01
Monthly
8,026
Leidos Holdings, Inc.
Goldman Sachs Bank USA
(11,146)
08/18/26
(0.15)%
1D FEDL01
Monthly
(761
)
Lemonade, Inc.
Citibank NA
(493,391)
02/22/28
0.00%
1D OBFR01
Monthly
57,442
Lennox International, Inc.
Goldman Sachs Bank USA
(2,746,503)
08/18/26
(0.15)%
1D FEDL01
Monthly
663,776
Leonardo DRS, Inc.
Citibank NA
(1,162,303)
02/22/28
0.00%
1D OBFR01
Monthly
(3,544
)
Liberty Energy, Inc.
Goldman Sachs Bank USA
(3,119,572)
08/18/26
(0.15)%
1D FEDL01
Monthly
476,972
Life Time Group Holdings, Inc.
Citibank NA
(4,820,126)
02/22/28
0.00%
1D OBFR01
Monthly
(334,443
)
Life Time Group Holdings, Inc.
Goldman Sachs Bank USA
(290,388)
08/18/26
(0.15)%
1D FEDL01
Monthly
(21,433
)
Life Time Group Holdings, Inc.
Morgan Stanley & Co. International
PLC
(698,659)
12/09/27
(0.15)%
1D FEDL01
Monthly
(50,497
)
Lincoln Electric Holdings, Inc.
Goldman Sachs Bank USA
(3,466,192)
08/18/26
(0.15)%
1D FEDL01
Monthly
(110,881
)
Lincoln National Corp.
Citibank NA
(1,123,523)
02/22/28
0.00%
1D OBFR01
Monthly
(105,347
)
Lincoln National Corp.
Goldman Sachs Bank USA
(5,687,828)
08/18/26
(0.15)%
1D FEDL01
Monthly
(645,713
)
Lincoln National Corp.
Morgan Stanley & Co. International
PLC
(267,672)
12/09/27
(0.15)%
1D FEDL01
Monthly
(25,098
)
Linde PLC
Citibank NA
(18,621,391)
02/22/28
0.00%
1D OBFR01
Monthly
1,108,856
Linde PLC
Goldman Sachs Bank USA
(4,915,640)
08/18/26
0.10%
1D FEDL01
Monthly
334,195
Lineage, Inc.
Citibank NA
(87,201)
02/22/28
0.00%
1D OBFR01
Monthly
1,656
Liquidia Corp.
Goldman Sachs Bank USA
(138,665)
08/18/26
(0.15)%
1D FEDL01
Monthly
4,257
Lithia Motors, Inc.
Barclays Bank PLC
(5,201,575)
01/11/27
(0.15)%
1D OBFR01
Monthly
(695,736
)
Loews Corp.
Citibank NA
(1,054,322)
02/22/28
0.00%
1D OBFR01
Monthly
(12,042
)
Loews Corp.
Morgan Stanley & Co. International
PLC
(467,403)
12/09/27
(0.15)%
1D FEDL01
Monthly
(5,338
)
L'Oreal SA
Barclays Bank PLC
(22,956,057)
02/14/28
(0.26)%
1D ESTR
Monthly
(349,247
)
Lottery Corp Ltd/The
Barclays Bank PLC
(1,634,741)
12/11/28
(0.25)%
1D AONIA
Monthly
(11,259
)
Lottomatica Group SpA
Citibank NA
(339,594)
11/11/26
0.00%
1D ESTR
Monthly
14,508
55 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Lowe's Cos., Inc.
Morgan Stanley & Co. International
PLC
$(11,035)
12/09/27
(0.15)%
1D FEDL01
Monthly
$(187
)
LPL Financial Holdings, Inc.
Goldman Sachs Bank USA
(608,214)
08/18/26
(0.15)%
1D FEDL01
Monthly
(45,424
)
Lululemon Athletica, Inc.
Citibank NA
(1,442,407)
02/22/28
0.00%
1D OBFR01
Monthly
(69,977
)
Lululemon Athletica, Inc.
Goldman Sachs Bank USA
(312,818)
08/18/26
(0.15)%
1D FEDL01
Monthly
(6,348
)
Lumen Technologies, Inc.
Barclays Bank PLC
(71,965)
01/11/27
(0.15)%
1D OBFR01
Monthly
3,437
Lumen Technologies, Inc.
Citibank NA
(1,366,867)
02/22/28
0.00%
1D OBFR01
Monthly
65,283
Lundin Mining Corp.
Citibank NA
(3,500)
02/22/28
0.00%
1D CORRA
Monthly
256
Lundin Mining Corp.
Morgan Stanley & Co. International
PLC
(2,394,332)
12/09/27
(0.20)%
CABROVER
Monthly
175,179
LVMH Moet Hennessy Louis
Vuitton SE
Barclays Bank PLC
(8,200,917)
02/14/28
(0.26)%
1D ESTR
Monthly
(61,917
)
Lyft, Inc.
Citibank NA
(120,285)
02/22/28
0.00%
1D OBFR01
Monthly
(9,846
)
Lyft, Inc.
Citibank NA
(1,512,414)
02/22/28
0.00%
1D OBFR01
Monthly
(123,799
)
Lynas Rare Earths Ltd.
Barclays Bank PLC
(2,133,227)
12/11/28
(0.25)%
1D AONIA
Monthly
198,569
Lynas Rare Earths Ltd.
Morgan Stanley & Co. International
PLC
(33,300)
12/09/27
(0.31)%
1D AONIA
Monthly
3,100
M&T Bank Corp.
Morgan Stanley & Co. International
PLC
(29,335)
12/09/27
(0.15)%
1D FEDL01
Monthly
519
Macerich Co./The
Citibank NA
(1,305,026)
02/22/28
0.00%
1D OBFR01
Monthly
(24,701
)
Makita Corp.
Barclays Bank PLC
(138,665)
12/11/28
(0.20)%
1D P TONA
Monthly
13,044
Makita Corp.
Citibank NA
(7,111)
02/24/27
0.00%
1D P TONA
Monthly
669
Mapfre SA
Morgan Stanley & Co. International
PLC
(3,051,220)
12/09/27
(0.26)%
1D ESTR
Monthly
88,010
Maplebear, Inc.
Citibank NA
(5,834,402)
02/22/28
0.00%
1D OBFR01
Monthly
16,957
Maplebear, Inc.
Goldman Sachs Bank USA
(6,237)
08/18/26
(0.15)%
1D FEDL01
Monthly
394
Maplebear, Inc.
Goldman Sachs Bank USA
(166,201)
08/18/26
(0.15)%
1D FEDL01
Monthly
3,144
MARA Holdings, Inc.
Citibank NA
(323,764)
02/22/28
0.00%
1D OBFR01
Monthly
28,437
Marathon Petroleum Corp.
Goldman Sachs Bank USA
(992,679)
08/18/26
(0.15)%
1D FEDL01
Monthly
(57,368
)
Marex Group Ltd.
Barclays Bank PLC
(199,657)
01/11/27
(0.15)%
1D OBFR01
Monthly
2,820
Marex Group Ltd.
Citibank NA
(145,133)
02/22/28
0.00%
1D OBFR01
Monthly
2,050
Markel Group, Inc.
Barclays Bank PLC
(19,446)
01/11/27
(0.15)%
1D OBFR01
Monthly
623
Marsh & McLennan Cos., Inc.
Citibank NA
(487,492)
02/22/28
0.00%
1D OBFR01
Monthly
(37,949
)
Marsh & McLennan Cos., Inc.
Goldman Sachs Bank USA
(677,918)
08/18/26
(0.15)%
1D FEDL01
Monthly
(51,819
)
Martin Marietta Materials, Inc.
Citibank NA
(7,047,531)
02/22/28
0.00%
1D OBFR01
Monthly
343,593
Marubeni Corp.
Barclays Bank PLC
(3,755,608)
12/11/28
(0.20)%
1D P TONA
Monthly
83,980
MasTec, Inc.
Morgan Stanley & Co. International
PLC
(23,585)
12/09/27
(0.15)%
1D FEDL01
Monthly
6,220
Mastercard, Inc.
Goldman Sachs Bank USA
(5,531,771)
08/18/26
(0.15)%
1D FEDL01
Monthly
(165,417
)
Matador Resources Co.
Goldman Sachs Bank USA
(682,741)
08/18/26
(0.15)%
1D FEDL01
Monthly
35,667
Match Group, Inc.
Barclays Bank PLC
(30,766)
01/11/27
(0.15)%
1D OBFR01
Monthly
(1,116
)
Mattel, Inc.
Barclays Bank PLC
(33,624)
01/11/27
(0.15)%
1D OBFR01
Monthly
(1,611
)
MaxLinear, Inc.
Morgan Stanley & Co. International
PLC
(3,051,107)
12/09/27
(0.15)%
1D FEDL01
Monthly
702,317
McCormick & Co., Inc./MD
Barclays Bank PLC
(10,196)
01/11/27
(0.15)%
1D OBFR01
Monthly
220
McCormick & Co., Inc./MD
Citibank NA
(8,572,116)
02/22/28
0.00%
1D OBFR01
Monthly
184,559
McCormick & Co., Inc./MD
Goldman Sachs Bank USA
(1,477)
08/18/26
(0.15)%
1D FEDL01
Monthly
1
McDonald's Corp.
Citibank NA
(7,856,231)
02/22/28
0.00%
1D OBFR01
Monthly
(210,735
)
MDA Space Ltd.
Goldman Sachs Bank USA
(1,605,844)
08/18/26
(0.28)%
1D CORRA
Monthly
143,354
MDA Space Ltd.
Morgan Stanley & Co. International
PLC
(1,448,348)
12/09/27
(0.20)%
CABROVER
Monthly
66,115
Medibank Pvt Ltd.
Barclays Bank PLC
(2,404,229)
12/11/28
(0.25)%
1D AONIA
Monthly
(19,451
)
Mercari, Inc.
Barclays Bank PLC
(872,500)
12/11/28
(0.20)%
1D P TONA
Monthly
22,820
Mercari, Inc.
Citibank NA
(210,988)
02/24/27
0.00%
1D P TONA
Monthly
5,333
Methanex Corp.
Goldman Sachs Bank USA
(1,598,952)
08/18/26
(0.15)%
1D CORRA
Monthly
903
MetLife, Inc.
Barclays Bank PLC
(2,136,349)
01/11/27
(0.15)%
1D OBFR01
Monthly
(65,508
)
Metro, Inc./CN
Morgan Stanley & Co. International
PLC
(4,470,751)
12/09/27
(0.20)%
CABROVER
Monthly
(43,114
)
 
56

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
MGM Resorts International
Citibank NA
$(6,368,509)
02/22/28
0.00%
1D OBFR01
Monthly
$128,798
MGM Resorts International
Morgan Stanley & Co. International
PLC
(362,328)
12/09/27
(0.15)%
1D FEDL01
Monthly
7,328
Mid-America Apartment
Communities, Inc.
Citibank NA
(7,353,316)
02/22/28
0.00%
1D OBFR01
Monthly
(43,035
)
Mid-America Apartment
Communities, Inc.
Goldman Sachs Bank USA
(2,600,624)
08/18/26
(0.15)%
1D FEDL01
Monthly
(9,782
)
Middleby Corp./The
Citibank NA
(100,731)
02/22/28
0.00%
1D OBFR01
Monthly
(1,992
)
Mirion Technologies, Inc.
Goldman Sachs Bank USA
(5,340)
08/18/26
(0.15)%
1D FEDL01
Monthly
441
MISUMI Group, Inc.
Barclays Bank PLC
(2,397,730)
12/11/28
(0.20)%
1D P TONA
Monthly
(47,980
)
MISUMI Group, Inc.
Citibank NA
(382,517)
02/24/27
0.00%
1D P TONA
Monthly
(7,654
)
Mitsui Kinzoku Co Ltd.
Barclays Bank PLC
(2,259,640)
12/11/28
(0.20)%
1D P TONA
Monthly
245,119
Mitsui Kinzoku Co Ltd.
Citibank NA
(1,414,915)
02/24/27
0.00%
1D P TONA
Monthly
153,486
Mizuho Financial Group, Inc.
Barclays Bank PLC
(203,703)
12/11/28
(0.20)%
1D P TONA
Monthly
6,695
Mizuho Financial Group, Inc.
Citibank NA
(219,785)
02/24/27
0.00%
1D P TONA
Monthly
7,224
Mizuho Financial Group, Inc.
Goldman Sachs Bank USA
(8,511,951)
08/19/26
0.20%
1D P TONA
Monthly
356,860
Moderna, Inc.
Goldman Sachs Bank USA
(798,536)
08/18/26
(0.15)%
1D FEDL01
Monthly
77,379
Modine Manufacturing Co.
Citibank NA
(16,976)
02/22/28
0.00%
1D OBFR01
Monthly
3,303
Modine Manufacturing Co.
Morgan Stanley & Co. International
PLC
(3,466,501)
12/09/27
(0.15)%
1D FEDL01
Monthly
674,582
Moelis & Co.
Citibank NA
(1,159,334)
02/22/28
0.00%
1D OBFR01
Monthly
(21,476
)
Moelis & Co.
Morgan Stanley & Co. International
PLC
(178,546)
12/09/27
(0.15)%
1D FEDL01
Monthly
(3,307
)
Mohawk Industries, Inc.
Citibank NA
(20,978)
02/22/28
0.00%
1D OBFR01
Monthly
(2,411
)
Molina Healthcare, Inc.
Citibank NA
(1,525,571)
02/22/28
0.00%
1D OBFR01
Monthly
179,706
Molson Coors Beverage Co.
Citibank NA
(17,565)
02/22/28
0.00%
1D OBFR01
Monthly
(223
)
Moncler SpA
Citibank NA
(738,705)
11/11/26
0.00%
1D ESTR
Monthly
20,554
Monday.com Ltd.
Goldman Sachs Bank USA
(9,524)
08/18/26
(0.15)%
1D FEDL01
Monthly
(760
)
Mondelez International, Inc.
Barclays Bank PLC
(512,456)
01/11/27
(0.15)%
1D OBFR01
Monthly
(3,035
)
Mondelez International, Inc.
Citibank NA
(18,078,195)
02/22/28
0.06%
1D OBFR01
Monthly
(437,097
)
Monolithic Power Systems,
Inc.
Citibank NA
(5,388,228)
02/22/28
0.00%
1D OBFR01
Monthly
(106,266
)
MonotaRO Co Ltd.
Barclays Bank PLC
(142,853)
12/11/28
(0.20)%
1D P TONA
Monthly
(11,101
)
Monster Beverage Corp.
Morgan Stanley & Co. International
PLC
(23,760,264)
12/09/27
(0.15)%
1D FEDL01
Monthly
(185,251
)
Moody's Corp.
Goldman Sachs Bank USA
(24,178,146)
08/18/26
0.10%
1D FEDL01
Monthly
1,199,641
Moog, Inc.
Citibank NA
(1,004,858)
02/22/28
0.00%
1D OBFR01
Monthly
32,572
Morgan Stanley
Barclays Bank PLC
(667,736)
01/11/27
(0.15)%
1D OBFR01
Monthly
24,692
Morgan Stanley
Merrill Lynch International
(2,968,636)
02/15/28
(0.15)%
1D OBFR01
Monthly
235,491
Mosaic Co./The
Citibank NA
(1,745,540)
02/22/28
0.00%
1D OBFR01
Monthly
50,573
Mosaic Co./The
Citibank NA
(1,513,230)
02/22/28
0.00%
1D OBFR01
Monthly
43,842
Mosaic Co./The
Goldman Sachs Bank USA
(157,432)
08/18/26
(0.15)%
1D FEDL01
Monthly
6,286
MP Materials Corp.
Citibank NA
(922,029)
02/22/28
(0.26)%
1D OBFR01
Monthly
26,907
MP Materials Corp.
Merrill Lynch International
(495,362)
02/15/28
(0.65)%
1D OBFR01
Monthly
21,055
MP Materials Corp.
Morgan Stanley & Co. International
PLC
(1,165,525)
12/09/27
(0.15)%
1D FEDL01
Monthly
109,970
MS&AD Insurance Group
Holdings, Inc.
Barclays Bank PLC
(1,554,015)
12/11/28
(0.20)%
1D P TONA
Monthly
(31,339
)
MS&AD Insurance Group
Holdings, Inc.
Citibank NA
(21,123)
02/24/27
0.00%
1D P TONA
Monthly
(426
)
MSA Safety, Inc.
Citibank NA
(1,648,365)
02/22/28
0.00%
1D OBFR01
Monthly
(176,895
)
MSA Safety, Inc.
Goldman Sachs Bank USA
(146,964)
08/18/26
(0.15)%
1D FEDL01
Monthly
(16,477
)
MSCI, Inc.
Goldman Sachs Bank USA
(4,037,153)
08/18/26
(0.15)%
1D FEDL01
Monthly
321,598
Murphy USA, Inc.
Goldman Sachs Bank USA
(27,308)
08/18/26
(0.15)%
1D FEDL01
Monthly
(649
)
Murphy USA, Inc.
Goldman Sachs Bank USA
(128,915)
08/18/26
(0.15)%
1D FEDL01
Monthly
3,109
Natera, Inc.
Citibank NA
(610,348)
02/22/28
0.00%
1D OBFR01
Monthly
(8,177
)
National Bank of Canada
Goldman Sachs Bank USA
(27,194)
08/18/26
(0.20)%
1D CORRA
Monthly
990
57 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
National Bank of Canada
Morgan Stanley & Co. International
PLC
$(2,376,037)
12/09/27
(0.20)%
CABROVER
Monthly
$12,700
Navan, Inc.
Goldman Sachs Bank USA
(227,707)
08/18/26
(0.15)%
1D FEDL01
Monthly
(33,595
)
Neste OYJ
Barclays Bank PLC
(128,253)
02/14/28
(0.26)%
1D ESTR
Monthly
9,463
Neste OYJ
Citibank NA
(5,839,166)
11/11/26
0.00%
1D ESTR
Monthly
430,844
NewMarket Corp.
Citibank NA
(1,801,247)
02/22/28
0.00%
1D OBFR01
Monthly
(191,528
)
NewMarket Corp.
Goldman Sachs Bank USA
(154,974)
08/18/26
(0.15)%
1D FEDL01
Monthly
(14,208
)
News Corp.
Citibank NA
(7,475,275)
02/22/28
0.00%
1D OBFR01
Monthly
(60,152
)
News Corp.
Goldman Sachs Bank USA
(730,308)
08/18/26
(0.15)%
1D FEDL01
Monthly
(7,198
)
Nexstar Media Group, Inc.
Goldman Sachs Bank USA
(1,472,378)
08/18/26
(0.15)%
1D FEDL01
Monthly
(58,911
)
Next Vision Stabilized Systems
Ltd.
Morgan Stanley & Co. International
PLC
(28,152)
03/27/28
(0.75)%
SHIR
Monthly
489
NextEra Energy, Inc.
Goldman Sachs Bank USA
(66,201)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,620
NIDEC Corp.
Goldman Sachs Bank USA
(1,223,007)
08/19/26
0.20%
1D P TONA
Monthly
33,122
Nintendo Co Ltd.
Citibank NA
(3,856,726)
02/24/27
0.00%
1D P TONA
Monthly
(255,197
)
Nippon Paint Holdings Co Ltd.
Barclays Bank PLC
(1,197,341)
12/11/28
(0.20)%
1D P TONA
Monthly
(111,878
)
Nippon Paint Holdings Co Ltd.
Citibank NA
(80,743)
02/24/27
0.00%
1D P TONA
Monthly
(7,545
)
NiSource, Inc.
Barclays Bank PLC
(312,645)
01/11/27
(0.15)%
1D OBFR01
Monthly
10,210
Niterra Co Ltd.
Barclays Bank PLC
(5,607,146)
12/11/28
(0.20)%
1D P TONA
Monthly
263,672
Niterra Co Ltd.
Citibank NA
(183,841)
02/24/27
0.00%
1D P TONA
Monthly
8,645
Nitori Holdings Co Ltd.
Barclays Bank PLC
(130,113)
12/11/28
(0.20)%
1D P TONA
Monthly
(10,244
)
Nordea Bank Abp
Barclays Bank PLC
(4,255,521)
02/14/28
(0.26)%
1D ESTR
Monthly
(7,947
)
Nordea Bank Abp
Goldman Sachs Bank USA
(2,201,510)
08/19/26
(0.26)%
1D ESTR
Monthly
(79,852
)
Northern Star Resources Ltd.
Barclays Bank PLC
(11,848,959)
12/11/28
(0.25)%
1D AONIA
Monthly
381,037
Northern Trust Corp.
Morgan Stanley & Co. International
PLC
(22,868)
12/09/27
(0.15)%
1D FEDL01
Monthly
(452
)
Norwegian Cruise Line
Holdings Ltd.
Citibank NA
(10,096,414)
02/22/28
0.00%
1D OBFR01
Monthly
418,269
Norwegian Cruise Line
Holdings Ltd.
Morgan Stanley & Co. International
PLC
(4,105,912)
12/09/27
(0.15)%
1D FEDL01
Monthly
160,134
NOV, Inc.
Barclays Bank PLC
(7,969)
01/11/27
(0.15)%
1D OBFR01
Monthly
353
NOV, Inc.
Citibank NA
(213,872)
02/22/28
0.00%
1D OBFR01
Monthly
9,468
Novagold Resources, Inc.
Goldman Sachs Bank USA
(430,306)
08/18/26
(0.15)%
1D CORRA
Monthly
(14,596
)
Novartis AG
Goldman Sachs Bank USA
(19,595,635)
08/19/26
(0.24)%
SSARON
Monthly
(705,735
)
Novo Nordisk A/S
Barclays Bank PLC
(16,553,514)
02/14/28
(0.26)%
DESTR
Monthly
669,456
Novo Nordisk A/S
Citibank NA
(5,942,000)
11/11/26
0.00%
DESTR
Monthly
239,748
Novonesis Novozymes B
Barclays Bank PLC
(6,560,598)
02/14/28
(0.26)%
DESTR
Monthly
11,070
Novonesis Novozymes B
Citibank NA
(6,104,358)
11/11/26
0.00%
DESTR
Monthly
38,808
NRG Energy, Inc.
Citibank NA
(4,277,600)
02/22/28
0.00%
1D OBFR01
Monthly
146,571
NRG Energy, Inc.
Citibank NA
(6,800,332)
02/22/28
0.00%
1D OBFR01
Monthly
228,851
NTT, Inc.
Barclays Bank PLC
(23,173,860)
12/11/28
(0.20)%
1D P TONA
Monthly
(83,408
)
NTT, Inc.
Citibank NA
(55,123)
02/24/27
0.00%
1D P TONA
Monthly
(183
)
NTT, Inc.
Morgan Stanley & Co. International
PLC
(10,795)
12/09/27
(0.25)%
1D P TONA
Monthly
(36
)
Nutanix, Inc.
Citibank NA
(441,394)
02/22/28
0.00%
1D OBFR01
Monthly
(46,737
)
Nutrien Ltd.
Morgan Stanley & Co. International
PLC
(3,236,141)
12/09/27
(0.20)%
CABROVER
Monthly
(12,085
)
Obic Co. Ltd.
Citibank NA
(2,456,727)
02/24/27
0.00%
1D P TONA
Monthly
(216,580
)
Occidental Petroleum Corp.
Citibank NA
(8,711,242)
02/22/28
0.00%
1D OBFR01
Monthly
(83,929
)
Occidental Petroleum Corp.
Goldman Sachs Bank USA
(278,098)
08/18/26
(0.15)%
1D FEDL01
Monthly
(17,068
)
OGE Energy Corp.
Citibank NA
(2,222,345)
02/22/28
0.00%
1D OBFR01
Monthly
87,902
OGE Energy Corp.
Goldman Sachs Bank USA
(7,166)
08/18/26
(0.15)%
1D FEDL01
Monthly
206
Old National Bancorp/IN
Barclays Bank PLC
(42,066)
01/11/27
(0.15)%
1D OBFR01
Monthly
(399
)
Old Republic International
Corp.
Citibank NA
(1,585,334)
02/22/28
0.00%
1D OBFR01
Monthly
(61,355
)
Old Republic International
Corp.
Goldman Sachs Bank USA
(7,578)
08/18/26
(0.15)%
1D FEDL01
Monthly
(545
)
Olympus Corp.
Barclays Bank PLC
(8,265,230)
12/11/28
(0.20)%
1D P TONA
Monthly
(442,813
)
 
58

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Omega Healthcare Investors,
Inc.
Citibank NA
$(2,192,476)
02/22/28
0.00%
1D OBFR01
Monthly
$(866
)
Omega Healthcare Investors,
Inc.
Goldman Sachs Bank USA
(3,596)
08/18/26
(0.15)%
1D FEDL01
Monthly
(201
)
Omron Corp.
Barclays Bank PLC
(1,308,195)
12/11/28
(0.20)%
1D P TONA
Monthly
34,153
Omron Corp.
Citibank NA
(278,120)
02/24/27
0.00%
1D P TONA
Monthly
7,261
ON Semiconductor Corp.
Citibank NA
(18,437,572)
02/22/28
0.00%
1D OBFR01
Monthly
2,130,997
OneMain Holdings, Inc.
Goldman Sachs Bank USA
(28,412)
08/18/26
(0.15)%
1D FEDL01
Monthly
(938
)
ONEOK, Inc.
Barclays Bank PLC
(11,109,824)
01/11/27
(0.15)%
1D OBFR01
Monthly
113,823
ONEOK, Inc.
Morgan Stanley & Co. International
PLC
(3,892,861)
12/09/27
(0.15)%
1D FEDL01
Monthly
39,883
Opendoor Technologies, Inc.
Citibank NA
(662,828)
02/22/28
0.00%
1D OBFR01
Monthly
38,392
Opendoor Technologies, Inc.
Goldman Sachs Bank USA
(1,211,559)
08/18/26
(0.35)%
1D FEDL01
Monthly
249,964
Oracle Corp.
Goldman Sachs Bank USA
(1,631,487)
08/18/26
(0.15)%
1D FEDL01
Monthly
19,541
Organo Corp.
Barclays Bank PLC
(48,113)
12/11/28
(0.20)%
1D P TONA
Monthly
3,127
Organo Corp.
Citibank NA
(105,848)
02/24/27
0.00%
1D P TONA
Monthly
6,880
ORIX Corp.
Barclays Bank PLC
(7,058,446)
12/11/28
(0.20)%
1D P TONA
Monthly
148,928
ORIX Corp.
Citibank NA
(2,064,308)
02/24/27
0.00%
1D P TONA
Monthly
50,378
Ormat Technologies, Inc.
Goldman Sachs Bank USA
(3,387,073)
08/18/26
(0.15)%
1D FEDL01
Monthly
332,038
Oscar Health, Inc.
Citibank NA
(920,223)
02/22/28
(0.01)%
1D OBFR01
Monthly
(53,654
)
Otis Worldwide Corp.
Goldman Sachs Bank USA
(6,901,283)
08/18/26
(0.15)%
1D FEDL01
Monthly
34,303
Oversea-Chinese Banking
Corp. Ltd.
Goldman Sachs Bank USA
(2,218,026)
08/19/26
(0.30)%
SORA
Monthly
(60,110
)
Oversea-Chinese Banking
Corp. Ltd.
Morgan Stanley & Co. International
PLC
(21,642,962)
12/09/27
(0.30)%
SORA
Monthly
38,144
Ovintiv, Inc.
Goldman Sachs Bank USA
(25,671)
08/18/26
(0.15)%
1D FEDL01
Monthly
(2,936
)
Packaging Corp of America
Citibank NA
(10,725)
02/22/28
0.00%
1D OBFR01
Monthly
(830
)
Packaging Corp of America
Morgan Stanley & Co. International
PLC
(954,747)
12/09/27
(0.15)%
1D FEDL01
Monthly
(73,848
)
Palantir Technologies, Inc.
Morgan Stanley & Co. International
PLC
(14,328,091)
12/09/27
(0.15)%
1D FEDL01
Monthly
53,992
Palo Alto Networks, Inc.
Morgan Stanley & Co. International
PLC
(3,350,905)
12/09/27
(0.15)%
1D FEDL01
Monthly
27,296
Pan African Resources PLC
Citibank NA
(358,481)
11/11/26
0.00%
1D SONIA
Monthly
12,330
Pan Pacific International
Holdings Corp.
Goldman Sachs Bank USA
(134,275)
08/19/26
0.20%
1D P TONA
Monthly
(6,353
)
Panasonic Holdings Corp.
Citibank NA
(154,426)
02/24/27
0.00%
1D P TONA
Monthly
(4,228
)
Panasonic Holdings Corp.
Goldman Sachs Bank USA
(7,118,641)
08/19/26
0.20%
1D P TONA
Monthly
182,783
Pandora A/S
Citibank NA
(2,274,315)
11/11/26
0.00%
DESTR
Monthly
(117,048
)
Par Pacific Holdings, Inc.
Citibank NA
(2,238,612)
02/22/28
0.00%
1D OBFR01
Monthly
(186,316
)
Paramount Skydance Corp.
Morgan Stanley & Co. International
PLC
(1,484,452)
12/09/27
(0.68)%
1D FEDL01
Monthly
138,639
Parsons Corp.
Barclays Bank PLC
(1,483,957)
01/11/27
(0.15)%
1D OBFR01
Monthly
208,631
Paychex, Inc.
Citibank NA
(17,023,949)
02/22/28
0.00%
1D OBFR01
Monthly
(937,747
)
Paychex, Inc.
Goldman Sachs Bank USA
(4,874,484)
08/18/26
(0.15)%
1D FEDL01
Monthly
(286,806
)
Paycom Software, Inc.
Citibank NA
(430,298)
02/22/28
0.00%
1D OBFR01
Monthly
(76,175
)
Paycom Software, Inc.
Goldman Sachs Bank USA
(1,401,131)
08/18/26
(0.15)%
1D FEDL01
Monthly
(186,166
)
Paylocity Holding Corp.
Goldman Sachs Bank USA
(1,018,116)
08/18/26
(0.15)%
1D FEDL01
Monthly
(122,828
)
PayPal Holdings, Inc.
Barclays Bank PLC
(252,404)
01/11/27
(0.15)%
1D OBFR01
Monthly
(7,730
)
PayPal Holdings, Inc.
Merrill Lynch International
(1,912,831)
02/15/28
(0.15)%
1D OBFR01
Monthly
(58,226
)
PBF Energy, Inc.
Goldman Sachs Bank USA
(144,622)
08/18/26
(0.15)%
1D FEDL01
Monthly
(20,393
)
PBF Energy, Inc.
Morgan Stanley & Co. International
PLC
(2,240,936)
12/09/27
(0.15)%
1D FEDL01
Monthly
(276,938
)
Peloton Interactive, Inc.
Goldman Sachs Bank USA
(454,228)
08/18/26
(0.15)%
1D FEDL01
Monthly
(4,305
)
Pembina Pipeline Corp.
Morgan Stanley & Co. International
PLC
(19,210,675)
12/09/27
(0.20)%
CABROVER
Monthly
821,361
Penguin Solutions, Inc.
Goldman Sachs Bank USA
(1,756,357)
08/18/26
(0.15)%
1D FEDL01
Monthly
179,773
PepsiCo, Inc.
Citibank NA
(10,555,313)
02/22/28
0.00%
1D OBFR01
Monthly
(293,663
)
59 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
PepsiCo, Inc.
Citibank NA
$(19,262)
02/22/28
0.00%
1D OBFR01
Monthly
$(555
)
Performance Food Group Co.
Citibank NA
(5,443,543)
02/22/28
0.00%
1D OBFR01
Monthly
(147,612
)
Performance Food Group Co.
Citibank NA
(567,319)
02/22/28
0.00%
1D OBFR01
Monthly
(15,384
)
Performance Food Group Co.
Goldman Sachs Bank USA
(552)
08/18/26
(0.15)%
1D FEDL01
Monthly
(20
)
Permian Resources Corp.
Barclays Bank PLC
(7,637,739)
01/11/27
(0.15)%
1D OBFR01
Monthly
9,398
PG&E Corp.
Citibank NA
(3,129,625)
02/22/28
0.00%
1D OBFR01
Monthly
126,153
Philip Morris International, Inc.
Barclays Bank PLC
(745,335)
01/11/27
(0.15)%
1D OBFR01
Monthly
13,349
Philip Morris International, Inc.
Goldman Sachs Bank USA
(21,307,090)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,114,451
)
Phillips 66
Goldman Sachs Bank USA
(248,294)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,276
)
Pinnacle Financial Partners,
Inc.
Citibank NA
(8,026,748)
02/22/28
0.00%
1D OBFR01
Monthly
(648,834
)
Pinnacle Financial Partners,
Inc.
Goldman Sachs Bank USA
(11,079)
08/18/26
(0.15)%
1D FEDL01
Monthly
(602
)
Pinnacle West Capital Corp.
Citibank NA
(57,189)
02/22/28
0.00%
1D OBFR01
Monthly
2,857
Pinterest, Inc.
Citibank NA
(1,780,277)
02/22/28
0.00%
1D OBFR01
Monthly
(116,105
)
Planet Fitness, Inc.
Citibank NA
(828,749)
02/22/28
0.00%
1D OBFR01
Monthly
(28,519
)
Planet Labs PBC
Goldman Sachs Bank USA
(1,640,865)
08/18/26
(0.15)%
1D FEDL01
Monthly
227,868
Plug Power, Inc.
Morgan Stanley & Co. International
PLC
(632,906)
12/09/27
(0.31)%
1D FEDL01
Monthly
(769
)
PNC Financial Services Group,
Inc./The
Citibank NA
(94,691)
02/22/28
0.00%
1D OBFR01
Monthly
990
POET Technologies, Inc.
Citibank NA
(663,667)
02/22/28
(0.28)%
1D OBFR01
Monthly
40,103
POET Technologies, Inc.
Merrill Lynch International
(17,532)
02/15/28
(0.15)%
1D OBFR01
Monthly
2,714
POET Technologies, Inc.
Morgan Stanley & Co. International
PLC
(165,722)
12/09/27
(0.15)%
1D FEDL01
Monthly
14,298
Polaris, Inc.
Goldman Sachs Bank USA
(70,918)
08/18/26
(0.15)%
1D FEDL01
Monthly
4,375
Porsche Automobil Holding SE
Barclays Bank PLC
(3,607,566)
02/14/28
(0.26)%
1D ESTR
Monthly
(127,562
)
Porsche Automobil Holding SE
Citibank NA
(3,728,551)
11/11/26
0.00%
1D ESTR
Monthly
(131,840
)
Post Holdings, Inc.
Citibank NA
(1,839,585)
02/22/28
0.00%
1D OBFR01
Monthly
(8,085
)
Powell Industries, Inc.
Goldman Sachs Bank USA
(2,759,102)
08/18/26
(0.15)%
1D FEDL01
Monthly
428,146
Power Assets Holdings Ltd.
Barclays Bank PLC
(78,659)
12/11/28
(0.30)%
HONIA
Monthly
(390
)
PPL Corp.
Citibank NA
(53,284)
02/22/28
0.00%
1D OBFR01
Monthly
1,314
Praxis Precision Medicines,
Inc.
Citibank NA
(2,494,356)
02/22/28
0.00%
1D OBFR01
Monthly
39,411
Primo Brands Corp.
Citibank NA
(439,290)
02/22/28
0.00%
1D OBFR01
Monthly
19,067
Pro Medicus Ltd.
Barclays Bank PLC
(1,431,014)
12/11/28
(0.25)%
1D AONIA
Monthly
97,191
Procore Technologies, Inc.
Citibank NA
(173,056)
02/22/28
0.00%
1D OBFR01
Monthly
(54,514
)
Procter & Gamble Co./The
Morgan Stanley & Co. International
PLC
(304,673)
12/09/27
(0.15)%
1D FEDL01
Monthly
9,480
Progressive Corp./The
Citibank NA
(15,324,546)
02/22/28
0.00%
1D OBFR01
Monthly
(515,463
)
Progressive Corp./The
Goldman Sachs Bank USA
(1,820,712)
08/18/26
0.10%
1D FEDL01
Monthly
(55,006
)
Prologis, Inc.
Goldman Sachs Bank USA
(541,327)
08/18/26
(0.15)%
1D FEDL01
Monthly
5,547
Prosus NV
Barclays Bank PLC
(22,870,916)
02/14/28
(0.26)%
1D ESTR
Monthly
(1,986,779
)
Protagonist Therapeutics, Inc.
Citibank NA
(2,909,387)
02/22/28
0.00%
1D OBFR01
Monthly
(25,777
)
Protagonist Therapeutics, Inc.
Goldman Sachs Bank USA
(1,799,318)
08/18/26
(0.15)%
1D FEDL01
Monthly
(2,827
)
Prudential Financial, Inc.
Barclays Bank PLC
(63,941)
01/11/27
(0.15)%
1D OBFR01
Monthly
(1,738
)
Prudential Financial, Inc.
Citibank NA
(3,416,700)
02/22/28
0.00%
1D OBFR01
Monthly
(92,856
)
PSP Swiss Property AG
Citibank NA
(426,645)
11/11/26
0.00%
SSARON
Monthly
3,029
PTC Therapeutics, Inc.
Barclays Bank PLC
(3,058,149)
01/11/27
(0.15)%
1D OBFR01
Monthly
405,283
Public Service Enterprise
Group, Inc.
Citibank NA
(94,382)
02/22/28
0.00%
1D OBFR01
Monthly
3,439
Public Storage
Goldman Sachs Bank USA
(22,385,365)
08/18/26
(0.15)%
1D FEDL01
Monthly
(670,254
)
PVH Corp.
Goldman Sachs Bank USA
(2,846,831)
08/18/26
(0.15)%
1D FEDL01
Monthly
(289,134
)
QBE Insurance Group Ltd.
Barclays Bank PLC
(7,917,717)
12/11/28
(0.25)%
1D AONIA
Monthly
41,633
QBE Insurance Group Ltd.
Goldman Sachs Bank USA
(53,401)
08/19/26
(0.25)%
1D AONIA
Monthly
1,228
Quanta Services, Inc.
Citibank NA
(41,161)
02/22/28
0.00%
1D OBFR01
Monthly
(1,550
)
Quantum Computing, Inc.
Barclays Bank PLC
(121,648)
01/11/27
(11.63)%
1D OBFR01
Monthly
(2,922
)
Quantum Computing, Inc.
Citibank NA
(10,987)
02/22/28
(0.25)%
1D OBFR01
Monthly
(264
)
 
60

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Quantum Computing, Inc.
Goldman Sachs Bank USA
$(219,653)
08/18/26
(11.72)%
1D FEDL01
Monthly
$(1,639
)
Quantum Computing, Inc.
Morgan Stanley & Co. International
PLC
(182,745)
12/09/27
(13.28)%
1D FEDL01
Monthly
(4,390
)
QXO, Inc.
Merrill Lynch International
(611,973)
02/15/28
(0.51)%
1D OBFR01
Monthly
80,691
QXO, Inc.
Morgan Stanley & Co. International
PLC
(825,322)
12/09/27
(0.23)%
1D FEDL01
Monthly
32,774
Raiffeisen Bank International
AG
Barclays Bank PLC
(2,649,139)
02/14/28
(0.26)%
1D ESTR
Monthly
(169,981
)
Raiffeisen Bank International
AG
Citibank NA
(3,155,095)
11/11/26
0.00%
1D ESTR
Monthly
(202,445
)
Rakuten Bank Ltd.
Citibank NA
(127,577)
02/24/27
0.00%
1D P TONA
Monthly
1,124
Ralliant Corp.
Goldman Sachs Bank USA
(874,784)
08/18/26
(0.15)%
1D FEDL01
Monthly
27,981
Ralph Lauren Corp.
Morgan Stanley & Co. International
PLC
(1,678,252)
12/09/27
(0.15)%
1D FEDL01
Monthly
29,478
Rambus, Inc.
Citibank NA
(1,867,486)
02/22/28
0.00%
1D OBFR01
Monthly
230,221
Rambus, Inc.
Goldman Sachs Bank USA
(299,719)
08/18/26
(0.15)%
1D FEDL01
Monthly
34,548
Rayonier, Inc.
Citibank NA
(4,624,666)
02/22/28
0.00%
1D OBFR01
Monthly
(53,700
)
Rayonier, Inc.
Goldman Sachs Bank USA
(7,481)
08/18/26
(0.15)%
1D FEDL01
Monthly
10
RB Global, Inc.
Morgan Stanley & Co. International
PLC
(10,842,645)
12/09/27
(0.20)%
CABROVER
Monthly
152,439
Realty Income Corp.
Citibank NA
(14,567)
02/22/28
0.00%
1D OBFR01
Monthly
260
Recruit Holdings Co Ltd.
Goldman Sachs Bank USA
(2,070,506)
08/19/26
0.20%
1D P TONA
Monthly
(33,044
)
Red Cat Holdings, Inc.
Morgan Stanley & Co. International
PLC
(535,423)
12/09/27
(0.53)%
1D FEDL01
Monthly
20,514
Red Rock Resorts, Inc.
Citibank NA
(291,977)
02/22/28
0.00%
1D OBFR01
Monthly
(2,514
)
Reddit, Inc.
Goldman Sachs Bank USA
(4,996,909)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,243,692
Regal Rexnord Corp.
Barclays Bank PLC
(20,190)
01/11/27
(0.15)%
1D OBFR01
Monthly
899
Regency Centers Corp.
Citibank NA
(3,650,404)
02/22/28
0.00%
1D OBFR01
Monthly
85,688
Regency Centers Corp.
Goldman Sachs Bank USA
(4,735,228)
08/18/26
(0.15)%
1D FEDL01
Monthly
(7,020
)
Reinsurance Group of America,
Inc.
Barclays Bank PLC
(454,997)
01/11/27
(0.15)%
1D OBFR01
Monthly
1,430
Reinsurance Group of America,
Inc.
Citibank NA
(1,076,779)
02/22/28
0.00%
1D OBFR01
Monthly
(7,047
)
Reinsurance Group of America,
Inc.
Morgan Stanley & Co. International
PLC
(31,061)
12/09/27
(0.15)%
1D FEDL01
Monthly
(203
)
RELX PLC
Barclays Bank PLC
(1,917,652)
02/14/28
(0.25)%
1D SONIA
Monthly
(121,652
)
RELX PLC
Citibank NA
(2,670,676)
11/11/26
0.00%
1D SONIA
Monthly
(169,423
)
Renault SA
Barclays Bank PLC
(1,811,541)
02/14/28
(0.26)%
1D ESTR
Monthly
(70,277
)
Renault SA
Citibank NA
(900,208)
11/11/26
0.00%
1D ESTR
Monthly
(34,923
)
Republic Services, Inc.
Goldman Sachs Bank USA
(263,948)
08/18/26
(0.15)%
1D FEDL01
Monthly
971
Resona Holdings, Inc.
Barclays Bank PLC
(9,735,748)
12/11/28
(0.20)%
1D P TONA
Monthly
689,339
Resona Holdings, Inc.
Citibank NA
(722,410)
02/24/27
0.00%
1D P TONA
Monthly
51,150
Resona Holdings, Inc.
Goldman Sachs Bank USA
(310,287)
08/19/26
0.20%
1D P TONA
Monthly
3,813
Revvity, Inc.
Citibank NA
(47,974)
02/22/28
0.00%
1D OBFR01
Monthly
(859
)
Rexford Industrial Realty, Inc.
Barclays Bank PLC
(11,619)
01/11/27
(0.15)%
1D OBFR01
Monthly
(316
)
RH
Citibank NA
(1,620,983)
02/22/28
0.00%
1D OBFR01
Monthly
88,599
Rheinmetall AG
Citibank NA
(14,258,151)
11/11/26
0.00%
1D ESTR
Monthly
(1,952,904
)
Rhythm Pharmaceuticals, Inc.
Citibank NA
(496,041)
02/22/28
0.00%
1D OBFR01
Monthly
22,519
Rigetti Computing, Inc.
Goldman Sachs Bank USA
(820,095)
08/18/26
(0.15)%
1D FEDL01
Monthly
10,478
Rightmove PLC
Barclays Bank PLC
(897,747)
02/14/28
(0.25)%
1D SONIA
Monthly
(58,996
)
Rightmove PLC
Citibank NA
(12,842)
11/11/26
0.00%
1D SONIA
Monthly
(844
)
RingCentral, Inc.
Goldman Sachs Bank USA
(1,054,481)
08/18/26
(0.15)%
1D FEDL01
Monthly
(386,911
)
Rivian Automotive, Inc.
Barclays Bank PLC
(1,917,546)
01/11/27
(0.15)%
1D OBFR01
Monthly
218,765
Robinhood Markets, Inc.
Citibank NA
(8,718,288)
02/22/28
0.00%
1D OBFR01
Monthly
1,430,109
Robinhood Markets, Inc.
Goldman Sachs Bank USA
(2,186,324)
08/18/26
0.10%
1D FEDL01
Monthly
404,573
Robinhood Markets, Inc.
Merrill Lynch International
(12,016)
02/15/28
0.10%
1D OBFR01
Monthly
3,014
ROBLOX Corp.
Goldman Sachs Bank USA
(1,694,465)
08/18/26
(0.15)%
1D FEDL01
Monthly
637,466
61 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
ROBLOX Corp.
Morgan Stanley & Co. International
PLC
$(3,510,667)
12/09/27
(0.15)%
1D FEDL01
Monthly
$977,549
Roche Holding AG
Citibank NA
(3,836,096)
11/11/26
0.00%
SSARON
Monthly
(241,976
)
Rocket Cos, Inc.
Citibank NA
(1,908,772)
02/22/28
(0.13)%
1D OBFR01
Monthly
70,200
Rocket Cos, Inc.
Citibank NA
(7,727,298)
02/22/28
(0.12)%
1D OBFR01
Monthly
299,775
Rocket Lab Corp.
Goldman Sachs Bank USA
(6,145,454)
08/18/26
(0.15)%
1D FEDL01
Monthly
907,301
ROCKWOOL A/S
Barclays Bank PLC
(275,565)
02/14/28
(0.26)%
DESTR
Monthly
(20,141
)
ROCKWOOL A/S
Citibank NA
(727,546)
11/11/26
0.00%
DESTR
Monthly
(53,177
)
Rogers Communications, Inc.
Goldman Sachs Bank USA
(2,848,380)
08/18/26
(0.15)%
1D CORRA
Monthly
18,317
Rogers Communications, Inc.
Morgan Stanley & Co. International
PLC
(4,277,449)
12/09/27
(0.20)%
CABROVER
Monthly
(101,493
)
Roivant Sciences Ltd.
Citibank NA
(14,732)
02/22/28
0.00%
1D OBFR01
Monthly
422
Rollins, Inc.
Citibank NA
(10,749,228)
02/22/28
0.00%
1D OBFR01
Monthly
1,208,696
Rolls-Royce Holdings PLC
Barclays Bank PLC
(16,786,841)
02/14/28
(0.25)%
1D SONIA
Monthly
(1,065,432
)
Rolls-Royce Holdings PLC
Goldman Sachs Bank USA
(47,932)
08/19/26
(0.25)%
1D SONIA
Monthly
(3,060
)
Roper Technologies, Inc.
Citibank NA
(15,750,957)
02/22/28
0.00%
1D OBFR01
Monthly
(2,585,008
)
Roper Technologies, Inc.
Goldman Sachs Bank USA
(3,197,977)
08/18/26
(0.15)%
1D FEDL01
Monthly
(377,181
)
Royal Bank of Canada
Citibank NA
(425)
02/22/28
0.00%
1D CORRA
Monthly
6
Royal Bank of Canada
Goldman Sachs Bank USA
(6,633,233)
08/18/26
(0.15)%
1D CORRA
Monthly
240,104
Royal Bank of Canada
Morgan Stanley & Co. International
PLC
(2,380,029)
12/09/27
(0.20)%
CABROVER
Monthly
36,266
Royal Caribbean Cruises Ltd.
Citibank NA
(8,944,532)
02/22/28
0.00%
1D OBFR01
Monthly
(1,015,393
)
Royal Caribbean Cruises Ltd.
Goldman Sachs Bank USA
(4,558,408)
08/18/26
(0.15)%
1D FEDL01
Monthly
(414,711
)
Royal Gold, Inc.
Citibank NA
(1,544,671)
02/22/28
0.00%
1D OBFR01
Monthly
22,334
RPM International, Inc.
Citibank NA
(10,757,610)
02/22/28
0.00%
1D OBFR01
Monthly
36,049
RPM International, Inc.
Goldman Sachs Bank USA
(8,243)
08/18/26
(0.15)%
1D FEDL01
Monthly
(322
)
Rubrik, Inc.
Citibank NA
(715,235)
02/22/28
0.00%
1D OBFR01
Monthly
12,909
Rush Street Interactive, Inc.
Goldman Sachs Bank USA
(128,601)
08/18/26
(0.15)%
1D FEDL01
Monthly
25,751
Ryan Specialty Holdings, Inc.
Citibank NA
(10,058)
02/22/28
0.00%
1D OBFR01
Monthly
(1,247
)
Ryanair Holdings PLC
Barclays Bank PLC
(724,370)
02/14/28
(0.26)%
1D ESTR
Monthly
7,742
Ryman Hospitality Properties,
Inc.
Citibank NA
(1,553,524)
02/22/28
0.00%
1D OBFR01
Monthly
(33,971
)
Ryohin Keikaku Co Ltd.
Barclays Bank PLC
(7,240,618)
12/11/28
(0.20)%
1D P TONA
Monthly
(12,050
)
Ryohin Keikaku Co Ltd.
Citibank NA
(1,519,463)
02/24/27
0.00%
1D P TONA
Monthly
(4,516
)
S&P Global, Inc.
Citibank NA
(2,225,963)
02/22/28
0.00%
1D OBFR01
Monthly
88,870
S&P Global, Inc.
Goldman Sachs Bank USA
(3,687,850)
08/18/26
(0.15)%
1D FEDL01
Monthly
116,829
Saab AB
Citibank NA
(7,052,899)
11/11/26
0.00%
TN STIBOR
Monthly
(138,758
)
Safran SA
Barclays Bank PLC
(8,861,858)
02/14/28
(0.26)%
1D ESTR
Monthly
(367,308
)
Sampo OYJ
Barclays Bank PLC
(8,502,960)
02/14/28
(0.26)%
1D ESTR
Monthly
54,831
Samsara, Inc.
Morgan Stanley & Co. International
PLC
(2,211,712)
12/09/27
(0.15)%
1D FEDL01
Monthly
(261,451
)
Sandoz Group AG
Morgan Stanley & Co. International
PLC
(1,535,689)
12/09/27
(0.26)%
SSARON
Monthly
(46,654
)
Sanmina Corp.
Goldman Sachs Bank USA
(2,624,983)
08/18/26
(0.15)%
1D FEDL01
Monthly
138,850
Sanmina Corp.
Goldman Sachs Bank USA
(296,892)
08/18/26
(0.15)%
1D FEDL01
Monthly
(39,343
)
SAP SE
Barclays Bank PLC
(1,162,713)
02/14/28
(0.26)%
1D ESTR
Monthly
(224,098
)
SAP SE
Goldman Sachs Bank USA
(1,311,441)
08/19/26
(0.26)%
1D ESTR
Monthly
(176,732
)
Sartorius Stedim Biotech
Barclays Bank PLC
(5,132,921)
02/14/28
(0.26)%
1D ESTR
Monthly
223,631
Sartorius Stedim Biotech
Citibank NA
(263,196)
11/11/26
0.00%
1D ESTR
Monthly
11,467
SBA Communications Corp.
Citibank NA
(1,907,662)
02/22/28
0.00%
1D OBFR01
Monthly
(31,719
)
SBA Communications Corp.
Citibank NA
(2,223,470)
02/22/28
0.00%
1D OBFR01
Monthly
(36,970
)
Scentre Group
Barclays Bank PLC
(244,758)
12/11/28
(0.25)%
1D AONIA
Monthly
(114
)
Secom Co Ltd.
Barclays Bank PLC
(2,254,715)
12/11/28
(0.20)%
1D P TONA
Monthly
(41,237
)
Secom Co Ltd.
Citibank NA
(3,217,121)
02/24/27
0.00%
1D P TONA
Monthly
(56,658
)
Seibu Holdings, Inc.
Barclays Bank PLC
(3,059,300)
12/11/28
(0.20)%
1D P TONA
Monthly
(19,995
)
Seibu Holdings, Inc.
Citibank NA
(144,621)
02/24/27
0.00%
1D P TONA
Monthly
(945
)
Sembcorp Industries Ltd.
Goldman Sachs Bank USA
(1,277,784)
08/19/26
(1.12)%
SORA
Monthly
12,405
 
62

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Sembcorp Industries Ltd.
Morgan Stanley & Co. International
PLC
$(3,039,308)
12/09/27
(4.50)%
SORA
Monthly
$(42,420
)
Sempra
Morgan Stanley & Co. International
PLC
(6,979)
12/09/27
(0.15)%
1D FEDL01
Monthly
337
SentinelOne, Inc.
Barclays Bank PLC
(22,502)
01/11/27
(0.15)%
1D OBFR01
Monthly
(1,037
)
Service Corp International/US
Goldman Sachs Bank USA
(24,252)
08/18/26
(0.15)%
1D FEDL01
Monthly
(2,553
)
Shake Shack, Inc.
Goldman Sachs Bank USA
(1,324,860)
08/18/26
(0.15)%
1D FEDL01
Monthly
(60,723
)
Shimano, Inc.
Barclays Bank PLC
(2,305,987)
12/11/28
(0.20)%
1D P TONA
Monthly
(193,370
)
Shimano, Inc.
Citibank NA
(256,221)
02/24/27
0.00%
1D P TONA
Monthly
(21,486
)
Sigma Healthcare Ltd.
Barclays Bank PLC
(2,363,449)
12/11/28
(0.25)%
1D AONIA
Monthly
(33,061
)
Signet Jewelers Ltd.
Citibank NA
(89,351)
02/22/28
0.00%
1D OBFR01
Monthly
(2,248
)
Simon Property Group, Inc.
Goldman Sachs Bank USA
(16,949,714)
08/18/26
(0.15)%
1D FEDL01
Monthly
(491,122
)
Simon Property Group, Inc.
Goldman Sachs Bank USA
(40,628)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,347
)
Singapore Exchange Ltd.
Goldman Sachs Bank USA
(2,164,328)
08/19/26
(0.30)%
SORA
Monthly
(41,398
)
Sirius XM Holdings, Inc.
Citibank NA
(1,761,044)
02/22/28
0.00%
1D OBFR01
Monthly
12,398
SiteOne Landscape Supply,
Inc.
Goldman Sachs Bank USA
(29,443)
08/18/26
(0.15)%
1D FEDL01
Monthly
2,906
Skandinaviska Enskilda
Banken AB
Barclays Bank PLC
(9,900,683)
02/14/28
(0.26)%
1D STIBOR
Monthly
(239,849
)
Skandinaviska Enskilda
Banken AB
Morgan Stanley & Co. International
PLC
(405,422)
12/09/27
(0.26)%
1D STIBOR
Monthly
(9,920
)
Skeena Resources Ltd.
Goldman Sachs Bank USA
(4,311,134)
08/18/26
(0.15)%
1D CORRA
Monthly
163,926
SM Energy Co.
Citibank NA
(10,267,360)
02/22/28
0.00%
1D OBFR01
Monthly
207,265
SM Energy Co.
Goldman Sachs Bank USA
(1,507,873)
08/18/26
(0.15)%
1D FEDL01
Monthly
(130,484
)
SM Energy Co.
Goldman Sachs Bank USA
(796,369)
08/18/26
(0.15)%
1D FEDL01
Monthly
(35,883
)
SMC Corp.
Barclays Bank PLC
(1,219,289)
12/11/28
(0.20)%
1D P TONA
Monthly
52,726
Snap, Inc.
Morgan Stanley & Co. International
PLC
(825,998)
12/09/27
(0.15)%
1D FEDL01
Monthly
(40,653
)
Snap-on, Inc.
Citibank NA
(7,649,806)
02/22/28
0.00%
1D OBFR01
Monthly
(79,856
)
Snowflake, Inc.
Goldman Sachs Bank USA
(230,176)
08/18/26
(0.15)%
1D FEDL01
Monthly
(20,871
)
SoFi Technologies, Inc.
Goldman Sachs Bank USA
(737,384)
08/18/26
(0.15)%
1D FEDL01
Monthly
45,693
SoftBank Corp.
Citibank NA
(2,854,453)
02/24/27
0.00%
1D P TONA
Monthly
(24,705
)
SoftBank Group Corp.
Barclays Bank PLC
(1,474,059)
12/11/28
(0.20)%
1D P TONA
Monthly
193,150
SoftBank Group Corp.
Citibank NA
(2,813,774)
02/24/27
0.00%
1D P TONA
Monthly
368,697
SoftBank Group Corp.
Goldman Sachs Bank USA
(12,279,578)
08/19/26
0.20%
1D P TONA
Monthly
2,497,058
SoftBank Group Corp.
Morgan Stanley & Co. International
PLC
(6,720,798)
12/09/27
(0.25)%
1D P TONA
Monthly
880,645
SOITEC
Barclays Bank PLC
(1,467,444)
02/14/28
(0.26)%
1D ESTR
Monthly
(147,113
)
SolarEdge Technologies, Inc.
Goldman Sachs Bank USA
(228,254)
08/18/26
(0.15)%
1D FEDL01
Monthly
55,955
SolarEdge Technologies, Inc.
Merrill Lynch International
(1,595,701)
02/15/28
(0.15)%
1D OBFR01
Monthly
391,178
Solaris Energy Infrastructure,
Inc.
Citibank NA
(2,107,326)
02/22/28
0.00%
1D OBFR01
Monthly
141,871
Solventum Corp.
Citibank NA
(304,038)
02/22/28
0.00%
1D OBFR01
Monthly
(30,545
)
Somnigroup International, Inc.
Citibank NA
(15,180,681)
02/22/28
0.00%
1D OBFR01
Monthly
1,041,048
Somnigroup International, Inc.
Goldman Sachs Bank USA
(13,995)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,517
Sompo Holdings, Inc.
Barclays Bank PLC
(11,445,977)
12/11/28
(0.20)%
1D P TONA
Monthly
(261,406
)
Sompo Holdings, Inc.
Citibank NA
(156,259)
02/24/27
0.00%
1D P TONA
Monthly
(3,569
)
SoundHound AI, Inc.
Barclays Bank PLC
(3,999)
01/11/27
(11.38)%
1D OBFR01
Monthly
204
Southern Co./The
Barclays Bank PLC
(3,804,176)
01/11/27
(0.15)%
1D OBFR01
Monthly
56,705
Southern Co./The
Citibank NA
(1,984,305)
02/22/28
0.00%
1D OBFR01
Monthly
26,098
Southern Co./The
Goldman Sachs Bank USA
(359,783)
08/18/26
(0.15)%
1D FEDL01
Monthly
3,650
Southwest Airlines Co.
Citibank NA
(13,583)
02/22/28
0.00%
1D OBFR01
Monthly
767
Sprott, Inc.
Morgan Stanley & Co. International
PLC
(545)
12/09/27
(0.20)%
CABROVER
Monthly
31
Sprouts Farmers Market, Inc.
Citibank NA
(5,198,500)
02/22/28
0.00%
1D OBFR01
Monthly
(929,459
)
Spyre Therapeutics, Inc.
Citibank NA
(1,220,684)
02/22/28
0.00%
1D OBFR01
Monthly
10,340
Square Enix Holdings Co. Ltd.
Barclays Bank PLC
(620,110)
12/11/28
(0.20)%
1D P TONA
Monthly
(62,740
)
Square Enix Holdings Co. Ltd.
Citibank NA
(610,643)
02/24/27
0.00%
1D P TONA
Monthly
(61,782
)
63 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
SS&C Technologies Holdings,
Inc.
Barclays Bank PLC
$(34,850)
01/11/27
(0.15)%
1D OBFR01
Monthly
$(5,216
)
Starbucks Corp.
Goldman Sachs Bank USA
(3,661,166)
08/18/26
(0.15)%
1D FEDL01
Monthly
(28,057
)
Starwood Property Trust, Inc.
Goldman Sachs Bank USA
(4,709,116)
08/18/26
(0.15)%
1D FEDL01
Monthly
192,209
Starwood Property Trust, Inc.
Morgan Stanley & Co. International
PLC
(10,637,774)
12/09/27
(0.15)%
1D FEDL01
Monthly
322,748
State Street Corp.
Barclays Bank PLC
(62,982)
01/11/27
(0.15)%
1D OBFR01
Monthly
367
Steel Dynamics, Inc.
Citibank NA
(6,223,015)
02/22/28
0.00%
1D OBFR01
Monthly
(329,092
)
Stellantis NV
Merrill Lynch International
(2,159,713)
02/15/28
(0.05)%
1D OBFR01
Monthly
51,247
Stellantis NV
Morgan Stanley & Co. International
PLC
(443,172)
12/09/27
(0.15)%
1D FEDL01
Monthly
3,056
Sterling Infrastructure, Inc.
Goldman Sachs Bank USA
(4,700,584)
08/18/26
(0.15)%
1D FEDL01
Monthly
462,323
STMicroelectronics NV
Barclays Bank PLC
(2,294,072)
02/14/28
(0.26)%
1D ESTR
Monthly
470,314
StoneX Group, Inc.
Citibank NA
(1,079,952)
02/22/28
0.00%
1D OBFR01
Monthly
(37,205
)
StoneX Group, Inc.
Goldman Sachs Bank USA
(1,962)
08/18/26
(0.15)%
1D FEDL01
Monthly
48
StoneX Group, Inc.
Goldman Sachs Bank USA
(1,564,729)
08/18/26
(0.15)%
1D FEDL01
Monthly
7,525
Sumitomo Mitsui Financial
Group, Inc.
Citibank NA
(520,280)
02/24/27
0.00%
1D P TONA
Monthly
(8,238
)
Sumitomo Mitsui Financial
Group, Inc.
Goldman Sachs Bank USA
(8,075,942)
08/19/26
0.20%
1D P TONA
Monthly
281,382
Suncorp Group Ltd.
Barclays Bank PLC
(1,756,583)
12/11/28
(0.25)%
1D AONIA
Monthly
19,859
Sunrun, Inc.
Barclays Bank PLC
(165,783)
01/11/27
(0.15)%
1D OBFR01
Monthly
17,260
Suntory Beverage & Food Ltd.
Barclays Bank PLC
(3,825,818)
12/11/28
(0.20)%
1D P TONA
Monthly
19,163
Suntory Beverage & Food Ltd.
Citibank NA
(26,224)
02/24/27
0.00%
1D P TONA
Monthly
131
Super Micro Computer, Inc.
Morgan Stanley & Co. International
PLC
(1,159,660)
12/09/27
(0.15)%
1D FEDL01
Monthly
81,966
Suzuki Motor Corp.
Barclays Bank PLC
(2,510,800)
12/11/28
(0.20)%
1D P TONA
Monthly
(25,504
)
Suzuki Motor Corp.
Citibank NA
(175,743)
02/24/27
0.00%
1D P TONA
Monthly
(1,785
)
Suzuki Motor Corp.
Goldman Sachs Bank USA
(412,471)
08/19/26
0.19%
1D P TONA
Monthly
(10,464
)
Svenska Cellulosa AB SCA
Goldman Sachs Bank USA
(4,653,228)
08/19/26
(0.26)%
1D STIBOR
Monthly
(377,120
)
Swedbank AB
Citibank NA
(5,865,840)
11/11/26
0.00%
TN STIBOR
Monthly
(175,874
)
Swedbank AB
Goldman Sachs Bank USA
(17,701,631)
08/19/26
(0.26)%
1D STIBOR
Monthly
(697,910
)
Swiss Prime Site AG
Barclays Bank PLC
(4,054,922)
02/14/28
(0.26)%
SSARON
Monthly
4,495
Swiss Re AG
Citibank NA
(20,186,214)
11/11/26
0.00%
SSARON
Monthly
(466,390
)
Swisscom AG
Citibank NA
(5,014,759)
11/11/26
0.00%
SSARON
Monthly
45,990
Swissquote Group Holding SA
Goldman Sachs Bank USA
(57,376)
08/19/26
(0.26)%
SSARON
Monthly
379
Symbotic, Inc.
Citibank NA
(1,325,219)
02/22/28
0.00%
1D OBFR01
Monthly
(18,414
)
Synchrony Financial
Morgan Stanley & Co. International
PLC
(1,421,906)
12/09/27
(0.15)%
1D FEDL01
Monthly
(58,196
)
Synopsys, Inc.
Citibank NA
(8,922,169)
02/22/28
0.00%
1D OBFR01
Monthly
(263,452
)
Synopsys, Inc.
Morgan Stanley & Co. International
PLC
(5,196,669)
12/09/27
(0.15)%
1D FEDL01
Monthly
(153,446
)
Sysco Corp.
Citibank NA
(739,442)
02/22/28
0.00%
1D OBFR01
Monthly
(8,113
)
Sysco Corp.
Morgan Stanley & Co. International
PLC
(75,961)
12/09/27
(0.15)%
1D FEDL01
Monthly
(2,886
)
T&D Holdings, Inc.
Citibank NA
(1,032,043)
02/24/27
0.00%
1D P TONA
Monthly
10,930
Take-Two Interactive Software,
Inc.
Citibank NA
(8,164,634)
02/22/28
0.00%
1D OBFR01
Monthly
(316,918
)
Talen Energy Corp.
Goldman Sachs Bank USA
(3,150,178)
08/18/26
(0.15)%
1D FEDL01
Monthly
367,794
Talen Energy Corp.
Morgan Stanley & Co. International
PLC
(3,661,333)
12/09/27
(0.15)%
1D FEDL01
Monthly
346,393
Tamarack Valley Energy Ltd.
Morgan Stanley & Co. International
PLC
(280,478)
12/09/27
(0.20)%
CABROVER
Monthly
(4,462
)
TC Energy Corp.
Goldman Sachs Bank USA
(5,293,209)
08/18/26
(0.15)%
1D CORRA
Monthly
147,185
TC Energy Corp.
Morgan Stanley & Co. International
PLC
(4,896,544)
12/09/27
(0.20)%
CABROVER
Monthly
195,702
TechnipFMC PLC
Morgan Stanley & Co. International
PLC
(642,826)
12/09/27
(0.15)%
1D FEDL01
Monthly
20,458
 
64

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Teleflex, Inc.
Barclays Bank PLC
$(257,468)
01/11/27
(0.15)%
1D OBFR01
Monthly
$(3,648
)
Teleflex, Inc.
Citibank NA
(3,427,425)
02/22/28
0.00%
1D OBFR01
Monthly
(48,564
)
Teleflex, Inc.
Morgan Stanley & Co. International
PLC
(34,644)
12/09/27
(0.15)%
1D FEDL01
Monthly
(491
)
Tempus AI, Inc.
Citibank NA
(1,645,323)
02/22/28
(0.16)%
1D OBFR01
Monthly
73,899
Tempus AI, Inc.
Merrill Lynch International
(22,041)
02/15/28
(0.51)%
1D OBFR01
Monthly
5,151
Tempus AI, Inc.
Morgan Stanley & Co. International
PLC
(54,004)
12/09/27
(0.15)%
1D FEDL01
Monthly
3,553
Tenable Holdings, Inc.
Goldman Sachs Bank USA
(704,722)
08/18/26
(0.15)%
1D FEDL01
Monthly
(7,842
)
Tenet Healthcare Corp.
Barclays Bank PLC
(2,110,952)
01/11/27
(0.15)%
1D OBFR01
Monthly
(642,201
)
Teradata Corp.
Goldman Sachs Bank USA
(479,591)
08/18/26
(0.15)%
1D FEDL01
Monthly
(33,851
)
Terex Corp.
Citibank NA
(6,201,359)
02/22/28
0.00%
1D OBFR01
Monthly
391,110
Terex Corp.
Goldman Sachs Bank USA
(827,059)
08/18/26
(0.15)%
1D FEDL01
Monthly
33,830
Terex Corp.
Goldman Sachs Bank USA
(6,618)
08/18/26
(0.15)%
1D FEDL01
Monthly
271
Terreno Realty Corp.
Citibank NA
(3,793,159)
02/22/28
0.00%
1D OBFR01
Monthly
75,240
Terreno Realty Corp.
Goldman Sachs Bank USA
(6,322)
08/18/26
(0.15)%
1D FEDL01
Monthly
17
Terumo Corp.
Barclays Bank PLC
(3,538,760)
12/11/28
(0.20)%
1D P TONA
Monthly
(219,667
)
Tesla, Inc.
Goldman Sachs Bank USA
(4,550,549)
08/18/26
(0.15)%
1D FEDL01
Monthly
811,361
Texas Pacific Land Corp.
Barclays Bank PLC
(11,836,623)
01/11/27
(0.15)%
1D OBFR01
Monthly
834,112
Texas Pacific Land Corp.
Goldman Sachs Bank USA
(41,344)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,086
Textron, Inc.
Barclays Bank PLC
(70,158)
01/11/27
(0.15)%
1D OBFR01
Monthly
4,934
Textron, Inc.
Citibank NA
(2,065,401)
02/22/28
0.00%
1D OBFR01
Monthly
145,260
TG Therapeutics, Inc.
Citibank NA
(110,786)
02/22/28
0.00%
1D OBFR01
Monthly
1,367
Thales SA
Barclays Bank PLC
(5,229,380)
02/14/28
(0.26)%
1D ESTR
Monthly
(462,806
)
Thermo Fisher Scientific, Inc.
Goldman Sachs Bank USA
(23,553)
08/18/26
(0.15)%
1D FEDL01
Monthly
(1,716
)
thyssenkrupp AG
Goldman Sachs Bank USA
(7,541,300)
08/19/26
(0.26)%
1D ESTR
Monthly
(131,892
)
Timken Co./The
Citibank NA
(1,760,444)
02/22/28
0.00%
1D OBFR01
Monthly
50,835
Timken Co./The
Goldman Sachs Bank USA
(1,258,159)
08/18/26
(0.15)%
1D FEDL01
Monthly
17,320
TKO Group Holdings, Inc.
Citibank NA
(6,667,282)
02/22/28
0.00%
1D OBFR01
Monthly
(5,873
)
T-Mobile US, Inc.
Merrill Lynch International
(77,862)
02/15/28
0.10%
1D OBFR01
Monthly
6,188
T-Mobile US, Inc.
Morgan Stanley & Co. International
PLC
(76,567)
12/09/27
(0.15)%
1D FEDL01
Monthly
7,310
TMX Group Ltd.
Morgan Stanley & Co. International
PLC
(2,436,293)
12/09/27
(0.20)%
CABROVER
Monthly
(28,352
)
Toast, Inc.
Citibank NA
(2,404,544)
02/22/28
0.00%
1D OBFR01
Monthly
(257,440
)
Toho Co. Ltd./Tokyo
Barclays Bank PLC
(3,545,374)
12/11/28
(0.20)%
1D P TONA
Monthly
(335,556
)
Tokio Marine Holdings, Inc.
Barclays Bank PLC
(8,191,185)
12/11/28
(0.20)%
1D P TONA
Monthly
(141,814
)
Tokio Marine Holdings, Inc.
Citibank NA
(417,923)
02/24/27
0.00%
1D P TONA
Monthly
(1
)
Torex Gold Resources, Inc.
Goldman Sachs Bank USA
(4,537)
08/18/26
(0.20)%
1D CORRA
Monthly
73
Torex Gold Resources, Inc.
Morgan Stanley & Co. International
PLC
(1,687,639)
12/09/27
(0.20)%
CABROVER
Monthly
49,916
TOTO Ltd.
Barclays Bank PLC
(631,025)
12/11/28
(0.20)%
1D P TONA
Monthly
58,156
TOTO Ltd.
Citibank NA
(1,515,416)
02/24/27
0.00%
1D P TONA
Monthly
139,662
Toyo Suisan Kaisha Ltd.
Barclays Bank PLC
(4,546,180)
12/11/28
(0.20)%
1D P TONA
Monthly
159,936
Toyo Suisan Kaisha Ltd.
Citibank NA
(168,128)
02/24/27
0.00%
1D P TONA
Monthly
5,915
Toyota Motor Corp.
Barclays Bank PLC
(1,322,601)
12/11/28
(0.20)%
1D P TONA
Monthly
(32,405
)
Toyota Motor Corp.
Goldman Sachs Bank USA
(13,524,004)
08/19/26
0.19%
1D P TONA
Monthly
(637,323
)
Toyota Tsusho Corp.
Barclays Bank PLC
(5,804,767)
12/11/28
(0.20)%
1D P TONA
Monthly
(134,647
)
Tradeweb Markets, Inc.
Citibank NA
(3,527,265)
02/22/28
0.00%
1D OBFR01
Monthly
(58,877
)
Tradeweb Markets, Inc.
Goldman Sachs Bank USA
(705)
08/18/26
(0.15)%
1D FEDL01
Monthly
1
TransDigm Group, Inc.
Barclays Bank PLC
(1,803,997)
01/11/27
(0.15)%
1D OBFR01
Monthly
(90,117
)
TransDigm Group, Inc.
Morgan Stanley & Co. International
PLC
(12,516,872)
12/09/27
(0.15)%
1D FEDL01
Monthly
(625,267
)
TransMedics Group, Inc.
Citibank NA
(2,337,994)
02/22/28
0.00%
1D OBFR01
Monthly
(174,364
)
Transocean Ltd.
Morgan Stanley & Co. International
PLC
(64,559)
12/09/27
(0.15)%
1D FEDL01
Monthly
(244
)
TransUnion
Citibank NA
(6,936,046)
02/22/28
0.00%
1D OBFR01
Monthly
(296,208
)
TransUnion
Goldman Sachs Bank USA
(661,928)
08/18/26
(0.15)%
1D FEDL01
Monthly
(8,701
)
65 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
TransUnion
Morgan Stanley & Co. International
PLC
$(35,287)
12/09/27
(0.15)%
1D FEDL01
Monthly
$(1,507
)
Tritax Big Box REIT PLC
Barclays Bank PLC
(1,871,980)
02/14/28
(0.25)%
1D SONIA
Monthly
(19,843
)
Tritax Big Box REIT PLC
Citibank NA
(676,224)
11/11/26
0.00%
1D SONIA
Monthly
(7,168
)
Truist Financial Corp.
Citibank NA
(51,730)
02/22/28
0.00%
1D OBFR01
Monthly
(110
)
TUI AG
Morgan Stanley & Co. International
PLC
(65,745)
12/09/27
(0.26)%
1D ESTR
Monthly
(6,934
)
Tyler Technologies, Inc.
Morgan Stanley & Co. International
PLC
(1,531,348)
12/09/27
(0.15)%
1D FEDL01
Monthly
(136,158
)
Tyson Foods, Inc.
Citibank NA
(30,299)
02/22/28
0.00%
1D OBFR01
Monthly
(478
)
Uber Technologies, Inc.
Morgan Stanley & Co. International
PLC
(475,571)
12/09/27
(0.15)%
1D FEDL01
Monthly
(203
)
UBS Group AG
Citibank NA
(23,991,204)
11/11/26
0.00%
SSARON
Monthly
80,843
UDR, Inc.
Citibank NA
(5,917,715)
02/22/28
0.00%
1D OBFR01
Monthly
206,536
UDR, Inc.
Citibank NA
(34,439)
02/22/28
0.00%
1D OBFR01
Monthly
1,202
UDR, Inc.
Goldman Sachs Bank USA
(3,087,477)
08/18/26
(0.15)%
1D FEDL01
Monthly
102,335
UL Solutions, Inc.
Citibank NA
(2,796,051)
02/22/28
0.00%
1D OBFR01
Monthly
(180,600
)
Ulta Beauty, Inc.
Citibank NA
(182,771)
02/22/28
0.00%
1D OBFR01
Monthly
(11,079
)
Ultra Clean Holdings, Inc.
Citibank NA
(87,053)
02/22/28
0.00%
1D OBFR01
Monthly
15,573
UMB Financial Corp.
Citibank NA
(2,416,629)
02/22/28
0.00%
1D OBFR01
Monthly
(84,972
)
UMB Financial Corp.
Goldman Sachs Bank USA
(9,009)
08/18/26
(0.15)%
1D FEDL01
Monthly
(26
)
United Airlines Holdings, Inc.
Citibank NA
(1,257,994)
02/22/28
0.00%
1D OBFR01
Monthly
(41,329
)
United Overseas Bank Ltd.
Morgan Stanley & Co. International
PLC
(1,071,921)
12/09/27
(0.30)%
SORA
Monthly
(6,908
)
United Rentals, Inc.
Citibank NA
(41,402)
02/22/28
0.00%
1D OBFR01
Monthly
(1,768
)
United Rentals, Inc.
Citibank NA
(4,971,888)
02/22/28
0.00%
1D OBFR01
Monthly
(190,212
)
United Therapeutics Corp.
Citibank NA
(7,906)
02/22/28
0.00%
1D OBFR01
Monthly
140
Unity Software, Inc.
Citibank NA
(118,309)
02/22/28
0.00%
1D OBFR01
Monthly
(9,862
)
Unity Software, Inc.
Morgan Stanley & Co. International
PLC
(1,928,981)
12/09/27
(0.15)%
1D FEDL01
Monthly
(160,803
)
Universal Health Services, Inc.
Citibank NA
(270,903)
02/22/28
0.00%
1D OBFR01
Monthly
(34,647
)
Universal Music Group NV
Barclays Bank PLC
(15,009,700)
02/14/28
(0.26)%
1D ESTR
Monthly
3,297,989
Upstart Holdings, Inc.
Citibank NA
(907,201)
02/22/28
0.00%
1D OBFR01
Monthly
38,011
US BanCorp.
Citibank NA
(43,904)
02/22/28
0.00%
1D OBFR01
Monthly
994
US Foods Holding Corp.
Goldman Sachs Bank USA
(5,819,881)
08/18/26
(0.15)%
1D FEDL01
Monthly
(212,702
)
US Foods Holding Corp.
Morgan Stanley & Co. International
PLC
(571,845)
12/09/27
(0.15)%
1D FEDL01
Monthly
(26,967
)
Valvoline, Inc.
Goldman Sachs Bank USA
(47,768)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,177
Varonis Systems, Inc.
Citibank NA
(78,512)
02/22/28
0.00%
1D OBFR01
Monthly
9,318
Ventas, Inc.
Morgan Stanley & Co. International
PLC
(1,699,987)
12/09/27
(0.15)%
1D FEDL01
Monthly
52,715
Venture Global, Inc.
Goldman Sachs Bank USA
(1,503,141)
08/18/26
(0.15)%
1D FEDL01
Monthly
(30,207
)
Venture Global, Inc.
Morgan Stanley & Co. International
PLC
(6,681,035)
12/09/27
(0.15)%
1D FEDL01
Monthly
576,544
Veolia Environnement SA
Citibank NA
(1,760,461)
11/11/26
0.00%
1D ESTR
Monthly
129,570
Veralto Corp.
Citibank NA
(7,779,666)
02/22/28
0.00%
1D OBFR01
Monthly
(244,277
)
Verisk Analytics, Inc.
Citibank NA
(2,514,830)
02/22/28
0.00%
1D OBFR01
Monthly
(33,613
)
Vertex Pharmaceuticals, Inc.
Goldman Sachs Bank USA
(468,648)
08/18/26
(0.15)%
1D FEDL01
Monthly
2,044
VF Corp.
Morgan Stanley & Co. International
PLC
(1,465,892)
12/09/27
(0.15)%
1D FEDL01
Monthly
171,507
Viasat, Inc.
Barclays Bank PLC
(87,459)
01/11/27
(0.15)%
1D OBFR01
Monthly
(3,011
)
Viasat, Inc.
Citibank NA
(1,380,828)
02/22/28
0.00%
1D OBFR01
Monthly
(47,532
)
Viasat, Inc.
Citibank NA
(2,096,118)
02/22/28
0.00%
1D OBFR01
Monthly
(72,154
)
Viavi Solutions, Inc.
Goldman Sachs Bank USA
(19,980)
08/18/26
(0.15)%
1D FEDL01
Monthly
1,579
Vicinity Ltd.
Barclays Bank PLC
(1,871,228)
12/11/28
(0.25)%
1D AONIA
Monthly
(21,869
)
Vicinity Ltd.
Citibank NA
(4,681)
02/24/27
0.00%
1D AONIA
Monthly
(55
)
Victoria's Secret & Co.
Citibank NA
(1,491,593)
02/22/28
0.00%
1D OBFR01
Monthly
(22,885
)
Viper Energy, Inc.
Citibank NA
(24,080,470)
02/22/28
0.00%
1D OBFR01
Monthly
343,801
 
66

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Vistance Networks, Inc.
Citibank NA
$(630,866)
02/22/28
0.00%
1D OBFR01
Monthly
$17,756
Vistra Corp.
Barclays Bank PLC
(4,196,913)
01/11/27
(0.15)%
1D OBFR01
Monthly
384,280
Vistra Corp.
Citibank NA
(3,008,982)
02/22/28
0.00%
1D OBFR01
Monthly
225,233
VSE Corp.
Citibank NA
(6,971,311)
02/22/28
0.00%
1D OBFR01
Monthly
95,153
VSE Corp.
Goldman Sachs Bank USA
(847,004)
08/18/26
(0.15)%
1D FEDL01
Monthly
39,703
Vulcan Materials Co.
Citibank NA
(1,658,335)
02/22/28
0.00%
1D OBFR01
Monthly
56,315
Walmart, Inc.
Barclays Bank PLC
(1,194,321)
01/11/27
0.10%
1D OBFR01
Monthly
(20,428
)
Waste Connections, Inc.
Morgan Stanley & Co. International
PLC
(2,793,699)
12/09/27
(0.15)%
1D FEDL01
Monthly
45,989
Waters Corp.
Citibank NA
(14,460,868)
02/22/28
0.00%
1D OBFR01
Monthly
(253,091
)
Wayfair, Inc.
Citibank NA
(2,481,961)
02/22/28
0.00%
1D OBFR01
Monthly
(17,665
)
Wayfair, Inc.
Citibank NA
(1,324,690)
02/22/28
0.00%
1D OBFR01
Monthly
(9,428
)
Weatherford International PLC
Goldman Sachs Bank USA
(261,383)
08/18/26
(0.15)%
1D FEDL01
Monthly
(19,106
)
WEC Energy Group, Inc.
Goldman Sachs Bank USA
(90,037)
08/18/26
(0.15)%
1D FEDL01
Monthly
2,829
Weir Group PLC/The
Barclays Bank PLC
(140,559)
02/14/28
(0.25)%
1D SONIA
Monthly
(6,859
)
Wells Fargo & Co.
Citibank NA
(4,778,181)
02/22/28
0.00%
1D OBFR01
Monthly
(4,751
)
Welltower, Inc.
Citibank NA
(20,723,278)
02/22/28
0.00%
1D OBFR01
Monthly
896,453
Welltower, Inc.
Citibank NA
(291,108)
02/22/28
0.00%
1D OBFR01
Monthly
12,593
Welltower, Inc.
Goldman Sachs Bank USA
(2,883,767)
08/18/26
(0.15)%
1D FEDL01
Monthly
2,265
WESCO International, Inc.
Citibank NA
(30,080)
02/22/28
0.00%
1D OBFR01
Monthly
(1,178
)
Wesfarmers Ltd.
Barclays Bank PLC
(3,598,313)
12/11/28
(0.25)%
1D AONIA
Monthly
35,427
West Japan Railway Co.
Barclays Bank PLC
(3,077,448)
12/11/28
(0.20)%
1D P TONA
Monthly
(66,262
)
Western Alliance BanCorp.
Barclays Bank PLC
(148,970)
01/11/27
(0.15)%
1D OBFR01
Monthly
5,215
Westinghouse Air Brake
Technologies Corp.
Goldman Sachs Bank USA
(42,073)
08/18/26
(0.15)%
1D FEDL01
Monthly
(5,046
)
Westpac Banking Corp.
Barclays Bank PLC
(5,825,095)
12/11/28
(0.25)%
1D AONIA
Monthly
(215,645
)
WEX, Inc.
Goldman Sachs Bank USA
(4,664,048)
08/18/26
(0.15)%
1D FEDL01
Monthly
(862,490
)
Weyerhaeuser Co.
Barclays Bank PLC
(536,736)
01/11/27
(0.15)%
1D OBFR01
Monthly
(27,265
)
Weyerhaeuser Co.
Citibank NA
(9,391,631)
02/22/28
0.00%
1D OBFR01
Monthly
(477,073
)
Weyerhaeuser Co.
Morgan Stanley & Co. International
PLC
(11,553)
12/09/27
(0.15)%
1D FEDL01
Monthly
(587
)
Whitecap Resources, Inc.
Morgan Stanley & Co. International
PLC
(510,181)
12/09/27
(0.20)%
CABROVER
Monthly
(3,416
)
Whitehaven Coal Ltd.
Barclays Bank PLC
(1,385,979)
12/11/28
(0.25)%
1D AONIA
Monthly
112,752
Williams Cos., Inc./The
Citibank NA
(23,740,840)
02/22/28
0.00%
1D OBFR01
Monthly
900,192
Willis Towers Watson PLC
Citibank NA
(1,217,381)
02/22/28
0.00%
1D OBFR01
Monthly
(209,943
)
Willis Towers Watson PLC
Goldman Sachs Bank USA
(1,140)
08/18/26
(0.15)%
1D FEDL01
Monthly
(203
)
Wingstop, Inc.
Goldman Sachs Bank USA
(1,185,238)
08/18/26
(0.15)%
1D FEDL01
Monthly
115,651
WiseTech Global Ltd.
Barclays Bank PLC
(2,187,231)
12/11/28
(0.25)%
1D AONIA
Monthly
(180,352
)
Woolworths Group Ltd.
Barclays Bank PLC
(1,057,655)
12/11/28
(0.25)%
1D AONIA
Monthly
(10,460
)
WP Carey, Inc.
Goldman Sachs Bank USA
(31,796)
08/18/26
(0.15)%
1D FEDL01
Monthly
(662
)
WSP Global, Inc.
Citibank NA
(375)
02/22/28
0.00%
1D CORRA
Monthly
8
WSP Global, Inc.
Morgan Stanley & Co. International
PLC
(9,814,886)
12/09/27
(0.20)%
CABROVER
Monthly
216,876
WW Grainger, Inc.
Citibank NA
(4,874,436)
02/22/28
0.00%
1D OBFR01
Monthly
(101,556
)
Wynn Resorts Ltd.
Citibank NA
(502,426)
02/22/28
0.00%
1D OBFR01
Monthly
(26,301
)
Wynn Resorts Ltd.
Morgan Stanley & Co. International
PLC
(6,384,588)
12/09/27
(0.15)%
1D FEDL01
Monthly
(326,186
)
Xcel Energy, Inc.
Citibank NA
(1,622,645)
02/22/28
0.00%
1D OBFR01
Monthly
40,268
Xero Ltd.
Barclays Bank PLC
(3,186,414)
12/11/28
(0.25)%
1D AONIA
Monthly
(180,830
)
XPO, Inc.
Morgan Stanley & Co. International
PLC
(37,602)
12/09/27
(0.15)%
1D FEDL01
Monthly
2,232
Yangzijiang Shipbuilding
Holdings Ltd.
Goldman Sachs Bank USA
(194,674)
08/19/26
(0.30)%
SORA
Monthly
(14,118
)
Yara International ASA
Citibank NA
(1,702,118)
11/11/26
0.00%
NOWA
Monthly
(7,152
)
Yokogawa Electric Corp.
Barclays Bank PLC
(1,126,647)
12/11/28
(0.20)%
1D P TONA
Monthly
10,342
Yokohama Rubber Co.
Ltd./The
Barclays Bank PLC
(1,975,571)
12/11/28
(0.20)%
1D P TONA
Monthly
37,536
67 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Equity Swap Contracts (continued)
Reference Entity
Counterparty
Notional Amount
Termination
Date
Spread
Reference Rate
Payment
Frequency
Value/ Unrealized
Appreciation
(Depreciation)
Short Contracts(b) (continued)
Yum! Brands, Inc.
Citibank NA
$(22,273,120)
02/22/28
0.00%
1D OBFR01
Monthly
$(862,044
)
Zalando SE
Citibank NA
(4,362,160)
11/11/26
0.00%
1D ESTR
Monthly
(30,030
)
Zebra Technologies Corp.
Barclays Bank PLC
(876,271)
01/11/27
(0.15)%
1D OBFR01
Monthly
(103,618
)
Zensho Holdings Co. Ltd.
Barclays Bank PLC
(4,922,410)
12/11/28
(0.20)%
1D P TONA
Monthly
(416,337
)
Zensho Holdings Co. Ltd.
Citibank NA
(4,221,406)
02/24/27
0.00%
1D P TONA
Monthly
(324,334
)
Zeta Global Holdings Corp.
Barclays Bank PLC
(475,542)
01/11/27
(0.15)%
1D OBFR01
Monthly
(33,462
)
Zillow Group, Inc.
Goldman Sachs Bank USA
(339,567)
08/18/26
(0.15)%
1D FEDL01
Monthly
(2,157
)
Zillow Group, Inc.
Goldman Sachs Bank USA
(54,558)
08/18/26
(0.15)%
1D FEDL01
Monthly
(347
)
Zimmer Biomet Holdings, Inc.
Citibank NA
(14,386,734)
02/22/28
0.00%
1D OBFR01
Monthly
(851,718
)
Zimmer Biomet Holdings, Inc.
Citibank NA
(28,732)
02/22/28
0.00%
1D OBFR01
Monthly
(1,701
)
Zimmer Biomet Holdings, Inc.
Goldman Sachs Bank USA
(7,164,652)
08/18/26
(0.15)%
1D FEDL01
Monthly
(305,507
)
Zoetis, Inc.
Morgan Stanley & Co. International
PLC
(4,842,138)
12/09/27
(0.15)%
1D FEDL01
Monthly
(200,184
)
Zoom Communications, Inc.
Citibank NA
(12,614)
02/22/28
0.00%
1D OBFR01
Monthly
(1,508
)
Zoom Communications, Inc.
Citibank NA
(6,626,568)
02/22/28
0.00%
1D OBFR01
Monthly
(776,971
)
Zoom Communications, Inc.
Morgan Stanley & Co. International
PLC
(2,086,384)
12/09/27
(0.15)%
1D FEDL01
Monthly
(249,462
)
Zscaler, Inc.
Goldman Sachs Bank USA
(228,509)
08/18/26
(0.15)%
1D FEDL01
Monthly
(4,641
)
Zurich Insurance Group AG
Goldman Sachs Bank USA
(7,953,295)
08/19/26
(0.25)%
SSARON
Monthly
(58,561
)
 Total short positions of equity swaps
 
 
 
 
(10,415,602
)
Total  long and short positions of equity swaps
38,964,155
Net dividends and financing fees
(4,982,721
)
Total equity swap contracts including dividends and financing fees
$33,981,434
 
(a)
The Fund receives the total return on a reference entity and pays a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon
the country and/or currency of the individual underlying position.
(b)
The Fund pays the total return on a reference entity and receives a variable rate of interest, based on a specified benchmark. The benchmark and spread are determined based upon
the country and/or currency of the individual underlying position.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: 
• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
 
68

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Fair Value Hierarchy as of Period End (continued)
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 
Common Stocks
$8,277,626
$—
$—
$8,277,626
Grantor Trust
506,658
—
—
506,658
Investment Companies
537,713
—
—
537,713
Short-Term Securities 
U.S. Treasury Obligations
—
4,871,741,791
—
4,871,741,791
 
$9,321,997
$4,871,741,791
$—
$4,881,063,788
Derivative Financial Instruments(a) 
Assets 
Commodity Contracts
$14,640,419
$—
$—
$14,640,419
Credit Contracts
—
2,483,592
—
2,483,592
Equity Contracts
6,987,287
256,718,461
—
263,705,748
Foreign Currency Exchange Contracts
—
80,385,198
—
80,385,198
Interest Rate Contracts
3,715,025
10,838,457
—
14,553,482
Liabilities 
Commodity Contracts
(3,486,595
)
—
—
(3,486,595
)
Credit Contracts
—
(397,122
)
—
(397,122
)
Equity Contracts
(10,027,617
)
(251,409,411
)
—
(261,437,028
)
Foreign Currency Exchange Contracts
—
(73,458,061
)
—
(73,458,061
)
Interest Rate Contracts
(4,536,894
)
(6,354
)
—
(4,543,248
)
 
$7,291,625
$25,154,760
$—
$32,446,385
 
(a)
Derivative financial instruments are swaps, futures contracts and forward foreign currency exchange contracts.  Swaps, futures contracts and forward foreign currency exchange
contracts are valued at the unrealized appreciation (depreciation) on the instrument.   
 
Currency Abbreviation
AUD
Australian Dollar
BRL
Brazilian Real
CAD
Canadian Dollar
CHF
Swiss Franc
CNY
Chinese Yuan
EUR
Euro
GBP
British Pound
INR
Indian Rupee
JPY
Japanese Yen
KRW
South Korean Won
MXN
Mexican Peso
NOK
Norwegian Krone
NZD
New Zealand Dollar
PLN
Polish Zloty
SEK
Swedish Krona
SGD
Singapore Dollar
THB
Thai Baht
TWD
New Taiwan Dollar
USD
United States Dollar
ZAR
South African Rand
 
Portfolio Abbreviation
1D AONIA
AUD - 1D Overnight Reserve Bank of Australia Rate
1D CORRA
CAD - 1D Overnight Bank of Canada Repo Rate
1D ESTR
EUR - 1D Euro Short Term Rate
1D FEDL01
USD - 1D Overnight Fed Funds Effective Rate
1D NZOCO
NZD - 1D New Zealand Official Overnight Deposit Rate
 
1D OBFR01
USD - 1D Overnight Bank Funding Rate
1D P TONA
JPY - Provisional 1D Overnight Tokyo Average Rate
1D SONIA
GBP - 1D Sterling Overnight Index Average
1D STIBOR
SEK - 1D Overnight Stockholm Interbank Offer Rate
1M BBR
NZD - 1M New Zealand Bank Bill Rate
AGC
Assured Guaranty Corp.
CABROVER
Bank of Canada Overnight Rate Target
69 

Consolidated Schedule of Investments (unaudited)(continued)
July 31, 2026
iShares Systematic Alternatives Active ETF
 
Portfolio Abbreviation (continued)
CME
Chicago Mercantile Exchange
CORRA
Canadian Overnight Repo Rate
DESTR
DKK - Denmark Short-Term Rate
HONIA
HKD - Overnight Index Average
NOWA
NOK - Norwegian Overnight Weighted Average
RB
Revenue Bonds
REIT
Real Estate Investment Trust
S&P
Standard & Poor's
SAP
Subject to Appropriations
 
SCA
Svenska Celluosa Aktiebolaget
SHIR
ILS - Shekel Overnight Interest Rate
SOFR
Secured Overnight Financing Rate
SONIA
Sterling Overnight Interbank Average Rate
SORA
SGD - Overnight Rate Average
SSARON
CHF - Swiss Average Rate O/N
ST
Special Tax
TN STIBOR
SEK - TN Stockholm Interbank Offer Rate
 
70