| Consolidated Schedule of Investments (unaudited) January 31, 2020 |
iShares® Commodities Select Strategy ETF (Percentages shown are based on Net Assets) |
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| Consolidated Schedule of Investments (unaudited) (continued) January 31, 2020 |
iShares® Commodities Select Strategy ETF |
Affiliates
Investments in issuers considered to be affiliates of the Fund during the three months ended January 31, 2020, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| Affiliated Issuer | |
Shares Held at 10/31/19 |
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Net Activity | |
Shares Held at 01/31/20 |
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Value at 01/31/20 |
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Income | |
Net Realized Gain (Loss) |
(a) |
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Change in Unrealized Appreciation (Depreciation) |
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| BlackRock Cash Funds: Institutional, |
5,854,821 | 3,120,090 | 8,974,911 | $ | 8,980,296 | $ | 8,157 | (b) | $ | (361 | ) | $ | 872 | |||||||||||||||
| BlackRock Cash Funds: Treasury, |
74,727,000 | 31,000 | 74,758,000 | 74,758,000 | 420,944 | — | — | |||||||||||||||||||||
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| $ | 83,738,296 | $ | 429,101 | $ | (361 | ) | $ | 872 | ||||||||||||||||||||
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| (a) | Includes realized capital gain distributions from an affiliated fund, if any. |
| (b) | Includes securities lending income earned from the reinvestment of cash collateral from loaned securities (excluding collateral investment fees), net of fees and other payments to and from borrowers of securities, and less fees paid to BTC as securities lending agent. |
Futures Contracts
| Description | Number of Contracts |
Expiration Date |
Notional Amount (000) |
Value/ Unrealized Appreciation (Depreciation) |
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| Long Contracts |
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| Aluminum |
412 | 04/09/20 | $ | 17,703 | $ | (679,658 | ) | |||||||||
| Brent Crude Oil |
1,460 | 02/28/20 | 82,665 | (5,592,601 | ) | |||||||||||
| Cattle Feeder |
94 | 03/26/20 | 6,396 | (371,020 | ) | |||||||||||
| Cocoa |
78 | 05/13/20 | 2,185 | 169,275 | ||||||||||||
| Coffee |
88 | 05/18/20 | 3,462 | (386,422 | ) | |||||||||||
| Copper |
148 | 12/15/21 | 20,949 | (1,144,826 | ) | |||||||||||
| Corn |
1,346 | 09/14/20 | 26,096 | (493,312 | ) | |||||||||||
| Cotton |
183 | 05/06/20 | 6,250 | (76,074 | ) | |||||||||||
| Gasoline RBOB |
326 | 11/30/20 | 19,099 | (1,170,372 | ) | |||||||||||
| Gold |
161 | 12/29/20 | 25,911 | 1,303,479 | ||||||||||||
| KC HRW Wheat |
285 | 07/14/20 | 6,840 | 108,173 | ||||||||||||
| Lead |
72 | 03/16/20 | 3,386 | (65,378 | ) | |||||||||||
| Lean Hogs |
391 | 04/15/20 | 9,634 | (2,683,726 | ) | |||||||||||
| Live Cattle |
441 | 06/30/20 | 19,682 | (1,249,733 | ) | |||||||||||
| Low Sulphur Gasoil |
512 | 06/11/20 | 25,677 | (2,091,866 | ) | |||||||||||
| Natural Gas |
597 | 03/29/21 | 13,212 | (281,740 | ) | |||||||||||
| Nickel |
54 | 03/16/20 | 4,151 | (307,229 | ) | |||||||||||
| NY Harbor ULSD |
269 | 04/30/20 | 18,481 | (1,600,108 | ) | |||||||||||
| Silver |
28 | 12/29/20 | 2,566 | 79,633 | ||||||||||||
| Soybean |
367 | 11/13/20 | 16,740 | (1,072,087 | ) | |||||||||||
| Sugar |
575 | 04/30/20 | 9,241 | 1,064,092 | ||||||||||||
| Wheat |
608 | 03/13/20 | 16,834 | 661,635 | ||||||||||||
| WTI Crude Oil |
2,276 | 07/21/20 | 117,419 | (6,656,804 | ) | |||||||||||
| Zinc |
90 | 04/09/20 | 4,953 | (401,001 | ) | |||||||||||
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| $ | (22,937,670 | ) | ||||||||||||||
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Fair Value Measurements
Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.
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| Consolidated Schedule of Investments (unaudited) (continued) January 31, 2020 |
iShares® Commodities Select Strategy ETF |
Fair Value Measurements (continued)
The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of January 31, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Consolidated Schedule of Investments above.
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Investments |
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| Assets |
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| Common Stocks |
$ | — | $ | — | $ | 818 | $ | 818 | ||||||||
| Certificates of Deposit |
— | 37,169,765 | — | 37,169,765 | ||||||||||||
| Commercial Paper |
— | 301,664,220 | — | 301,664,220 | ||||||||||||
| U.S. Treasury Obligations |
— | 37,899,994 | — | 37,899,994 | ||||||||||||
| Money Market Funds |
83,738,296 | — | — | 83,738,296 | ||||||||||||
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| $ | 83,738,296 | $ | 376,733,979 | $ | 818 | $ | 460,473,093 | |||||||||
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| Derivative financial instruments(a) |
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| Assets |
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| Futures Contracts |
$ | 3,386,287 | $ | — | $ | — | $ | 3,386,287 | ||||||||
| Liabilities |
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| Futures Contracts |
(26,323,957 | ) | — | — | (26,323,957 | ) | ||||||||||
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| $ | (22,937,670 | ) | $ | — | $ | — | $ | (22,937,670 | ) | |||||||
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| (a) | Shown at the unrealized appreciation (depreciation) on the contracts. |
| Portfolio Abbreviations — Fixed Income | ||
| LIBOR | London Interbank Offered Rate | |
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