NPORT-EX 2 NPORT_912713037049364.htm iShares Short Maturity Municipal Bond ETF

 

Schedule of Investments  (unaudited) 

January 31, 2020

   

iShares® Short Maturity Municipal Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  

Municipal Debt Obligations

    
Alabama — 2.1%            

Bessemer Governmental Utility Services Corp. RB, 5.00%, 06/01/20 (BAM)

   $ 515     $ 521,376  

Black Belt Energy Gas District RB

    

4.00%, 06/01/20

     1,605       1,619,718  

4.00%, 06/01/21

     835       865,494  

Lower Alabama Gas District (The) RB,
4.00%, 12/01/21

     200       209,962  

Southeast Alabama Gas Supply District (The) RB,
4.00%, 06/01/22

     1,500         1,590,345  
   

 

 

  
      4,806,895  
Arizona — 0.2%            

Glendale Union High School District No. 205 GO,
5.00%, 07/01/21

     500       529,105  
   

 

 

  
California — 0.3%            

Lancaster Redevelopment Agency Successor Agency TA,
3.00%, 08/01/20

     700       706,517  
   

 

 

  
Connecticut — 3.9%            

State of Connecticut GO

    

5.00%, 06/01/21

     670       705,758  

5.00%, 07/15/22

     900       987,759  

Series A, 5.00%, 04/15/20

     1,200       1,209,636  

Series C, 1.01%, 05/15/34 (Put 02/07/20)(a)(b)

       2,325       2,325,000  

Series C, 5.00%, 06/01/20

     720       729,518  

State of Connecticut Special Tax Revenue RB, Series A, 5.00%, 09/01/21

     2,000       2,125,640  

University of Connecticut RB, Series A,
5.00%, 04/15/20

     1,000       1,007,900  
   

 

 

  
      9,091,211  
District of Columbia — 4.3%            

District of Columbia RB, 0.96%, 04/01/38
(Put 02/07/20)(a)(b)

     2,900       2,900,000  

Tender Option Bond Trust Receipts/Certificates RB, VRDN, 0.99%, 10/01/53
(Put 02/07/20)(a)(b)(c)

     7,000       7,000,000  
   

 

 

  
      9,900,000  
Florida — 3.8%            

Alachua County Health Facilities Authority RB

    

5.00%, 12/01/20

     645       665,305  

5.00%, 12/01/21

     390       416,984  

County of Osceola FL Transportation Revenue RB, 5.00%, 10/01/21

     300       318,438  

County of Palm Beach FL RB, 1.17%, 07/01/32
(Put 02/07/20)(a)(b)

     5,000       5,000,000  

Palm Beach County Health Facilities Authority RB,
5.00%, 08/15/20

     530       541,315  

Pinellas County Health Facilities Authority RB,
Series A1, 1.18%, 11/01/38 (Put 01/31/20)(a)(b)

     1,900       1,900,000  
   

 

 

  
      8,842,042  
Georgia — 11.5%            

Atlanta Urban Residential Finance Authority RB,
1.36%, 12/01/22 (Put 12/01/21)(a)(b)

     2,000       2,012,160  

Bartow County Development Authority RB,
1.55%, 08/01/43 (Put 08/19/22)(a)(b)

     2,000       2,018,240  

Burke County Development Authority RB,
2.25%, 10/01/32 (Put 05/25/23)(a)(b)

     2,000       2,047,720  

Cobb County Development Authority RB,
5.00%, 07/15/20

     545       554,499  

Main Street Natural Gas Inc. RB

    

2.02%, 08/01/48 (Put 12/01/23)(a)

     5,000       5,039,895  

4.00%, 06/01/20

     500       504,835  

4.00%, 04/01/48 (Put 09/01/23)(a)(b)

     3,685       4,033,564  
Security   Par
(000)		     Value  
Georgia (continued)            

5.00%, 05/15/20

   $ 500     $ 505,445  

5.00%, 05/15/21

       1,000       1,048,790  

5.00%, 09/01/21

     300       317,889  

Monroe County Development Authority RB,
1.22%, 06/01/49 (Put 01/31/20)(a)(b)

     3,700       3,700,000  

Tender Option Bond Trust Receipts/Certificates RB

    

0.97%, 07/01/49 (Put 02/07/20)(a)(b)(c)

     3,000       3,000,000  

0.99%, 01/01/44 (Put 02/07/20) (AGM)(a)(b)(c)

     1,700       1,700,000  
   

 

 

  
        26,483,037  
Illinois — 3.1%            

Chicago Transit Authority RB, 5.00%, 06/01/20

     750       758,647  

Illinois Development Finance Authority RB,
1.05%, 06/01/29 (Put 02/07/20)(a)(b)

     1,100       1,100,000  

Illinois Finance Authority RB,
1.05%, 11/01/38 (Put 02/07/20)(a)(b)

     1,320       1,320,000  

Tender Option Bond Trust Receipts/Certificates GO, 1.00%, 03/01/33
(Put 02/07/20)(a)(b)(c)

     4,000       4,000,000  
   

 

 

  
      7,178,647  
Indiana — 3.2%            

City of Rockport IN RB, Series B,
1.35%, 07/01/25
(Put 09/01/22)(a)(b)

     2,250       2,270,587  

Indianapolis Local Public Improvement Bond Bank RB, 1.45%, 06/01/21 (Call 06/01/20)

     5,190       5,190,156  
   

 

 

  
      7,460,743  
Iowa — 2.9%            

Iowa Finance Authority RB, 1.17%, 04/01/22
(Put 02/07/20)(a)(b)

     6,655       6,655,000  
   

 

 

  
Kansas — 3.9%            

City of Burlington KS RB

    

1.17%, 09/01/35 (Put 02/07/20)(a)(b)

     6,000       6,000,000  

1.17%, 09/01/35 (Put 02/07/20)(a)(b)

     3,000       3,000,000  
   

 

 

  
      9,000,000  
Kentucky — 2.5%            

City of Owensboro KY Electric Light & Power System Revenue RB, 5.00%, 01/01/21

     1,550       1,604,591  

Kentucky Public Energy Authority RB

    

4.00%, 06/01/20

     650       656,039  

4.00%, 12/01/20

     1,070       1,094,984  

4.00%, 06/01/21

     1,060       1,099,252  

4.00%, 08/01/21

     300       312,456  

Kentucky State Property & Building Commission RB, Series D, 5.00%, 05/01/21

     600       629,604  

Tender Option Bond Trust Receipts/Certificates RB, Series 2018, 0.97%, 12/01/41
(Put 02/07/20) (AGM)(a)(b)(c)

     500       500,000  
   

 

 

  
      5,896,926  
Louisiana — 4.2%            

Louisiana Offshore Terminal Authority RB,
1.65%, 09/01/27 (Put 12/01/23)(a)(b)

     400       405,040  

Louisiana Public Facilities Authority RB,
5.00%, 05/15/21

     400       420,332  

Parish of St James LA RB, Series B1,
1.03%, 11/01/40 (Put 02/07/20)(a)(b)

     8,800       8,800,000  
   

 

 

  
      9,625,372  
Maryland — 0.7%            

Maryland Industrial Development Financing Authority RB, 1.30%, 03/01/30
(Put 02/07/20)(a)(b)

     1,600       1,600,000  
   

 

 

  
 

 

 

1

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Short Maturity Municipal Bond ETF

(Percentages shown are based on Net Assets)

 

Security   Par
(000)		     Value  
Massachusetts — 0.9%            

Massachusetts Development Finance Agency RB, 5.00%, 07/01/21

   $ 975     $ 1,026,032  

Town of Salisbury MA GOL, 2.00%, 09/11/20

       1,000       1,004,940  
   

 

 

  
      2,030,972  
Michigan — 1.2%            

Michigan State Housing Development Authority RB, Series D, 1.04%, 06/01/30
(Put 02/07/20)(a)(b)

     900       900,000  

Michigan Strategic Fund RB, 1.33%, 06/01/39 (Put 01/31/20)(a)(b)

     775       775,000  

Wayne-Westland Community Schools GO

    

4.00%, 05/01/21 (Q-SBLF)

     175       181,370  

4.00%, 11/01/21 (Q-SBLF)

     780       819,749  
   

 

 

  
      2,676,119  
Missouri — 1.0%            

City of Washington MO COP, 5.00%, 03/01/22

     350       377,706  

RBC Municipal Products Inc. Trust RB,
1.00%, 09/01/39 (Put 02/07/20)(a)(b)(c)

     2,000       2,000,000  
   

 

 

  
      2,377,706  
Nebraska — 1.3%            

Central Plains Energy Project RB

    

4.00%, 08/01/20

     2,000       2,028,520  

4.00%, 02/01/21

     250       257,088  

4.00%, 08/01/21

     750       781,695  
   

 

 

  
      3,067,303  
New Jersey — 14.0%            

Borough of Tinton Falls NJ GO, 2.00%, 10/29/20

     900       906,399  

Garden State Preservation Trust RB,
5.00%, 11/01/20

     1,690       1,740,311  

New Jersey Economic Development Authority RB

    

5.00%, 03/01/20

     1,730       1,734,723  

5.00%, 03/01/21

     875       909,003  

5.00%, 03/01/21, (ETM)

     340       354,787  

5.00%, 06/15/21

     4,250       4,459,185  

5.00%, 06/15/21

     1,500       1,573,830  

5.50%, 09/01/21 (Call 03/01/21)

     675       704,801  

Series A, 4.00%, 07/01/22

     2,000       2,129,240  

Series K, 5.25%, 12/15/20 (AMBAC)

     2,250       2,325,172  

Series NN, 5.00%, 03/01/22

     3,200       3,438,976  

Series PP, 5.00%, 06/15/20

     1,475       1,494,588  

Series UU, 5.00%, 06/15/23

     1,270       1,421,028  

Series XX, 5.00%, 06/15/20

     200       202,656  

New Jersey Health Care Facilities Financing Authority RB 5.00%, 10/01/20

     1,600       1,638,256  

Series A, 5.00%, 07/01/20

     500       506,800  

New Jersey Sports & Exposition Authority RB, 5.00%, 09/01/20

     1,250       1,277,050  

New Jersey Transportation Trust Fund Authority RB

    

5.25%, 12/15/20 (AGM)

     500       517,675  

Series A, 5.00%, 06/15/20

     665       673,831  

Series A, 5.00%, 06/15/21

     500       525,105  

Series A, 5.50%, 12/15/21

     425       458,652  

Series A, 5.50%, 12/15/23

     155       180,039  

Series A-1, 5.00%, 06/15/20

     1,275       1,292,314  

Series B, 5.50%, 12/15/20 (NPFGC)

     155       160,675  

Series B, 5.50%, 12/15/21 (NPFGC)

     625       674,100  

Series D, 5.00%, 12/15/23

     225       255,287  

Township of Jackson New Jersey GO,
2.00%, 02/13/20

     872       872,201  
   

 

 

  
        32,426,684  
Security   Par
(000)		     Value  
New Mexico — 0.3%            

New Mexico Municipal Energy Acquisition Authority RB, 4.00%, 05/01/22

   $ 600     $ 638,760  
   

 

 

  
New York — 13.5%            

Adirondack Central School District GO,
2.25%, 07/17/20 (SAW)

       1,133       1,140,468  

Albany Industrial Development Agency RB,
1.17%, 07/01/32 (Put 02/07/20)(a)(b)

     1,110       1,110,000  

Amherst Development Corp. RB,
Series A, 0.99%, 02/01/35 (Put 02/07/20)(a)(b)

     1,755       1,755,000  

City of Tonawanda NY GOL,
2.50%, 06/04/20

     1,219       1,225,631  

City of Yonkers NY, 2.00%, 06/29/20

     4,855       4,878,547  

County of Suffolk NY GOL

    

2.50%, 07/23/20

     6,000       6,039,240  

2.50%, 08/20/20

     1,335       1,345,119  

East Islip Union Free School District GO,
2.25%, 07/02/20 (SAW)

     1,100       1,106,765  

Honeoye Falls-Lima Central School District GO,
2.25%, 06/18/20 (SAW)

     1,425       1,432,396  

Rhinebeck Central School District GO,
2.25%, 06/26/20 (SAW)

     1,500       1,508,220  

Sandy Creek Central School District GO,
2.25%, 06/26/20 (SAW)

     1,100       1,106,028  

South Jefferson Central School District GO,
2.25%, 07/09/20 (SAW)

     1,700       1,710,149  

Tender Option Bond Trust Receipts/Certificates RB, 1.06%, 11/15/56 (Put 02/07/20)(a)(b)(c)

     2,500       2,500,000  

Town of New Windsor New York GOL,
2.25%, 06/26/20

     1,300       1,307,085  

Watkins Glen Central School District GO,
2.25%, 06/23/20 (SAW)

     1,300       1,306,981  

Windsor Central School District GO,
2.25%, 07/24/20 (SAW)

     1,700       1,711,101  
   

 

 

  
        31,182,730  
North Carolina — 0.3%            

North Carolina Turnpike Authority RB

    

5.00%, 01/01/21

     425       439,344  

5.00%, 01/01/22

     215       230,080  
   

 

 

  
      669,424  
Ohio — 8.2%            

City of Berea OH GOL, 3.00%, 03/12/20

     1,600       1,603,296  

City of Kirtland OH GOL, 2.75%, 06/18/20
(ST STANDBY NT PURCHASE)

     600       603,816  

City of Miamisburg OH GOL, 3.00%, 06/24/20
(ST STANDBY NT PURCHASE)

     1,500       1,511,505  

City of Parma OH GOL, 2.50%, 07/23/20
(ST STANDBY NT PURCHASE)

     1,200       1,208,292  

County of Belmont OH GOL, 2.00%, 08/27/20

     1,510       1,517,490  

County of Lorain OH GOL, 3.00%, 02/07/20

     2,325       2,325,395  

Finneytown Local School District GO,
2.25%, 04/15/20

     2,000       2,005,260  

Lancaster Port Authority RB, 5.00%, 02/01/21

     300       311,265  

State of Ohio RB, 1.20%, 11/01/35
(Put 03/02/20)(a)(b)

     4,500       4,500,000  

Sycamore Community City School District GO,
2.25%, 04/15/20

     3,400       3,409,384  
   

 

 

  
        18,995,703  
Pennsylvania — 2.6%            

Boyertown Area School District GOL

    

1.33%, 09/01/20 (SAW)

     150       150,231  

2.00%, 09/01/21 (SAW)

     400       405,636  

Commonwealth of Pennsylvania GO,
5.00%, 04/01/20

     800       805,264  
 

 

 

2

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Short Maturity Municipal Bond ETF

(Percentages shown are based on Net Assets)

 

Security  

 

Par

(000)

     Value  
Pennsylvania (continued)            

Connellsville Area School District GOL

    

4.00%, 08/15/21 (BAM SAW)

   $ 500     $ 520,910  

4.00%, 08/15/22 (BAM SAW)

     500       533,820  

Palmyra Area School District GOL

    

4.00%, 04/01/20 (SAW)

     560       562,688  

4.00%, 04/01/21 (SAW)

     900       931,221  

Pennsylvania Economic Development Financing Authority RB, 2.15%, 11/01/21

     1,000       1,015,200  

School District of Philadelphia (The) GO, Series C, 4.00%, 03/31/20 (SAW)

     1,000       1,004,660  
   

 

 

  
      5,929,630  
South Carolina — 0.4%            

South Carolina Public Service Authority RB, VRDN, 0.98%, 01/01/36 (Put 02/07/20)(a)(b)

     1,000       1,000,000  
   

 

 

  
Texas — 6.2%            

City of Houston TX GOL, Series A, 5.00%, 03/01/20

     1,000         1,003,090  

Harris County Health Facilities Development Corp. RB, 1.15%, 12/01/41 (Put 01/31/20)(a)(b)

     500       500,000  

Port of Arthur Navigation District Industrial
Development Corp. RB, 0.98%, 03/01/42
(Put 02/07/20)(a)(b)

     2,000       2,000,000  

State of Texas GO

    

1.00%, 12/01/41 (Put 02/07/20)(a)(b)

     6,510       6,510,000  

1.00%, 06/01/46 (Put 02/07/20)(a)(b)

     660       660,000  

Tender Option Bond Trust Receipts/Certificates RB

    

1.04%, 06/15/27 (Put 02/07/20)(a)(b)(c)

     1,500       1,500,000  

1.07%, 01/01/28 (Put 02/07/20)(a)(b)(c)

     2,190       2,190,000  
   

 

 

  
      14,363,090  
Utah — 0.9%            

County of Utah UT RB, 1.05%, 05/15/51
(Put 02/07/20)(a)(b)

     2,000       2,000,000  
   

 

 

  
Virginia — 0.9%            

University of Virginia RB, 1.29%, 05/27/20

     2,000       2,001,498  
   

 

 

  
Security  

Par/

Shares

(000)

     Value  
Washington — 0.9%            

Grant County Public Utility District No. 2 RB, 2.00%, 01/01/44 (Put 12/02/20)(a)(b)

   $ 1,000     $ 1,005,950  

Washington Higher Education Facilities Authority RB, 1.05%, 10/01/29 (Put 02/07/20)(a)(b)

     1,000       1,000,000  
   

 

 

  
      2,005,950  
Wisconsin — 0.2%            

Wisconsin Health & Educational Facilities
Authority RB, 5.00%, 10/01/21

     400       426,064  
   

 

 

  

Total Municipal Debt Obligations — 99.4%
(Cost $228,661,899)

 

       229,567,128  
   

 

 

  

Money Market Funds

    

BlackRock Liquidity Funds: MuniCash, 0.81%(d)(e)

     30       30,021  
   

 

 

  

Total Money Market Funds — 0.0%
(Cost: $30,021)

 

     30,021  
   

 

 

  

Total Investments in Securities — 99.4%
(Cost: $228,691,920)

 

     229,597,149  

Other Assets, Less Liabilities — 0.6%

       1,334,246  
   

 

 

  

Net Assets — 100.0%

     $ 230,931,395  
   

 

 

  

 

(a) 

Variable or floating rate security. Rate shown is the rate in effect as of period-end.

(b)

Security is payable upon demand on each reset date.

(c) 

Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors.

(d) 

Affiliate of the Fund.

(e) 

Annualized 7-day yield as of period-end.

 

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

(000)

  

 

 

 

     

 Net Activity

(000)

  

 

     

 Shares

Held at

01/31/20

(000)

  

 

 

 

     

 Value at

01/31/20

  

 

      Income       
 Net Realized
Gain (Loss)		  
(a) 		     

 Change in

Unrealized

Appreciation

(Depreciation)

  

 

 

 

BlackRock Liquidity Funds: MuniCash

      60        (30 )       30      $ 30,021      $ 111      $ 2      $ (1 ) 
           

 

 

     

 

 

     

 

 

     

 

 

  

 

  (a) 

Includes realized capital gain distributions from an affiliated fund, if any.

 

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.

 

 

3

Schedule of Investments  (unaudited) (continued)

January 31, 2020

   

iShares® Short Maturity Municipal Bond 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 Schedule of Investments above.

 

                                                                                       
      Level 1        Level 2        Level 3        Total  

Investments

                  

Assets

                  

Municipal Debt Obligations

    $ —        $ 229,567,128        $ —        $ 229,567,128  

Money Market Funds

      30,021          —          —          30,021  
  

 

 

       

 

 

       

 

 

       

 

 

  
   $ 30,021        $ 229,567,128        $ —        $ 229,597,149  
  

 

 

       

 

 

       

 

 

       

 

 

  

 

Portfolio Abbreviations — Fixed Income
AGM    Assured Guaranty Municipal Corp.
AMBAC    Ambac Assurance Corp.
BAM    Build America Mutual Assurance Co.
COP    Certificates of Participation
ETM    Escrowed to Maturity
GO    General Obligation
GOL    General Obligation Limited
NPFGC    National Public Finance Guarantee Corp.
Q-SBLF    Qualified School Bond Loan Fund
RB    Revenue Bond
SAW    State Aid Withholding
ST    Special Tax
TA    Tax Allocation

 

 

4