Schedule of Investments (unaudited)	iShares® Inflation Hedged Corporate Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security	Shares		Value
Investment Companies
Exchange-Traded Funds — 95.1%
iShares iBoxx $ Investment Grade Corporate Bond ETF(a)(b)		384,831	$	42,396,831
Total Investment Companies
(Cost: $45,620,784)				42,396,831
Short-Term Securities
Money Market Funds — 46.3%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(a)(c)(d)		20,416,346		20,428,596
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(a)(c)		180,000		180,000
Total Short-Term Securities — 46.3%
(Cost: $20,608,596)				20,608,596
Total Investments in Securities — 141.4%
(Cost: $66,229,380)				63,005,427
Liabilities in Excess of Other Assets — (41.4)%				(18,436,085	)
Net Assets — 100.0%			$	44,569,342

(a)	Affiliate of the Fund.
(b)	All or a portion of this security is on loan.
(c)	Annualized 7-day yield as of period end.
(d)	All or a portion of this security was purchased with the cash collateral from loaned securities.

Affiliates

Investments in issuers considered to be affiliate(s) of the Fund during the period ended January 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

Affiliated Issuer	Value at 10/31/23		Purchases at Cost		Proceeds from Sale			Net Realized Gain (Loss)			Change in Unrealized Appreciation (Depreciation)			Value at 01/31/24		Shares Held at 01/31/24		Income			Capital Gain Distributions from Underlying Funds
BlackRock Cash Funds: Institutional, SL Agency Shares	$	20,550,288	$	—		(125,357	)(a)	$	3,789		$	(124	)	$	20,428,596		20,416,346	$	35,717	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		630,000		—		(450,000	)(a)		—			—			180,000		180,000		3,864			—
iShares iBoxx $ Investment Grade Corporate Bond ETF		43,280,861		218,317		(5,851,156	)		(1,243,213	)		5,992,022			42,396,831		384,831		493,200			—
								$	(1,239,424	)	$	5,991,898		$	63,005,427			$	532,781		$	—

(a)	Represents net amount purchased (sold).
(b)	All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities.

Derivative Financial Instruments Outstanding as of Period End

Centrally Cleared Interest Rate Swaps

Paid by the Fund		Received by the Fund		Effective	Termination	Notional Amount					Upfront Premium Paid		Unrealized Appreciation
Rate	Frequency	Rate	Frequency	Date	Date	(000)		Value			(Received)		(Depreciation)
3.27%	Annual	1-Day SOFR, 5.32%	Annual	N/A	03/15/30	USD	100	$	1,732		$	1	$	1,731
3.14%	Annual	1-Day SOFR, 5.32%	Annual	N/A	05/05/30	USD	170		4,284			2		4,282
4.26%	Annual	1-Day SOFR, 5.32%	Annual	N/A	11/14/30	USD	400		(16,098	)		5		(16,103	)
3.25%	Annual	1-Day SOFR, 5.32%	Annual	N/A	12/06/32	USD	200		5,152			3		5,149
3.23%	Annual	1-Day SOFR, 5.32%	Annual	N/A	12/06/37	USD	100		4,515			2		4,513
3.71%	Annual	1-Day SOFR, 5.32%	Annual	N/A	08/04/43	USD	100		(795	)		2		(797	)

 1

Schedule of Investments (unaudited) (continued)	iShares® Inflation Hedged Corporate Bond ETF
January 31, 2024

Centrally Cleared Interest Rate Swaps (continued)

Paid by the Fund		Received by the Fund		Effective	Termination	Notional Amount				Upfront Premium Paid		Unrealized Appreciation
Rate	Frequency	Rate	Frequency	Date	Date	(000)		Value		(Received)		(Depreciation)
3.17%	Annual	1-Day SOFR, 5.32%	Annual	N/A	01/09/48	USD	200	$	13,803	$	6	$	13,797
2.98%	Annual	1-Day SOFR, 5.32%	Annual	N/A	03/15/48	USD	100		9,561		2		9,559
3.07%	Annual	1-Day SOFR, 5.32%	Annual	N/A	05/05/48	USD	100		8,107		2		8,105
3.15%	Annual	1-Day SOFR, 5.32%	Annual	N/A	11/23/52	USD	100		6,754		4		6,750
2.93%	Annual	1-Day SOFR, 5.32%	Annual	N/A	12/06/52	USD	200		21,310		7		21,303
2.99%	Annual	1-Day SOFR, 5.32%	Annual	N/A	05/05/53	USD	100		9,247		3		9,244
								$	67,572	$	39	$	67,533

Centrally Cleared Inflation Swaps

Paid by the Fund		Received by the Fund		Termination	Notional Amount					Upfront Premium Paid			Unrealized Appreciation
Rate	Frequency	Rate	Frequency	Date	(000)		Value			(Received)			(Depreciation)
2.74%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	11/17/24	USD	230	$	603		$	1		$	602
2.50%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	12/30/24	USD	560		1,593			(4	)		1,597
1.98%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/03/25	USD	160		84			1			83
2.54%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	02/10/25	USD	60		167			—			167
2.48%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	04/06/25	USD	66		72			—			72
2.50%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	04/13/25	USD	400		76			276			(200	)
2.27%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	05/05/25	USD	540		2,138			4			2,134
2.74%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	09/15/26	USD	1,600		81,428			22			81,406
2.92%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	10/21/26	USD	3,000		117,966			40			117,926
2.46%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/05/28	USD	1,532		(195	)		20			(215	)
2.45%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	02/08/28	USD	965		1,044			13			1,031
2.59%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	02/22/28	USD	360		(1,582	)		5			(1,587	)
2.71%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	02/24/28	USD	250		(2,398	)		3			(2,401	)
2.58%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	03/31/28	USD	80		(532	)		1			(533	)
2.56%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	04/05/28	USD	125		(783	)		1			(784	)
2.50%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	04/06/28	USD	700		(2,216	)		9			(2,225	)
2.41%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	05/05/28	USD	1,600		590			21			569
2.39%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	05/17/28	USD	1,150		2,227			15			2,212
2.66%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	10/01/28	USD	1,000		48,806			18			48,788
2.96%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	10/26/28	USD	1,500		40,804			27			40,777
2.58%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	10/30/28	USD	1,000		(11,530	)		13			(11,543	)

2

Schedule of Investments (unaudited) (continued)	iShares® Inflation Hedged Corporate Bond ETF
January 31, 2024

Centrally Cleared Inflation Swaps (continued)

Paid by the Fund		Received by the Fund		Termination	Notional Amount					Upfront Premium Paid			Unrealized Appreciation
Rate	Frequency	Rate	Frequency	Date	(000)		Value			(Received)			(Depreciation)
1.89%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	08/20/30	USD	360	$	56,331		$	7,109		$	49,222
1.90%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	08/20/30	USD	420		65,434			10			65,424
2.24%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/12/31	USD	2,000		229,122			46			229,076
2.40%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	02/09/31	USD	1,440		141,719			34			141,685
2.47%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	04/07/31	USD	2,000		180,191			47			180,144
2.67%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	05/19/31	USD	580		39,046			14			39,032
2.57%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	06/02/31	USD	3,000		229,296			2,870			226,426
2.60%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	09/30/31	USD	1,000		50,689			23			50,666
2.43%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	12/19/32	USD	110		1,010			2			1,008
2.50%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/05/33	USD	45		77			1			76
2.47%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	02/07/33	USD	410		2,025			9			2,016
2.54%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	04/13/33	USD	135		(356	)		201			(557	)
2.58%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	07/14/33	USD	90		(632	)		2			(634	)
2.41%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/03/34	USD	76		374			2			372
2.45%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/09/34	USD	250		356			6			350
2.50%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/18/34	USD	450		(1,235	)		11			(1,246	)
2.49%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/30/34	USD	160		(292	)		4			(296	)
2.61%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/07/37	USD	3,050		103,396			88			103,308
2.50%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/25/37	USD	560		25,711			16			25,695
2.40%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	06/29/41	USD	500		42,856			20			42,836
2.45%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	06/29/41	USD	1,000		78,372			38			78,334
2.38%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	07/16/41	USD	300		25,719			4			25,715
2.58%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/05/42	USD	1,335		39,402			51			39,351
2.33%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	12/19/42	USD	200		5,659			8			5,651
2.50%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	11/29/43	USD	15		(114	)		1			(115	)
2.43%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	12/21/43	USD	345		1,415			13			1,402
2.50%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	12/06/46	USD	100		4,366			4			4,362
2.47%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	12/09/46	USD	1,000		49,702			44			49,658
1.83%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	10/18/49	USD	418		88,191			(11,789	)		99,980

 3

Schedule of Investments (unaudited) (continued)	iShares® Inflation Hedged Corporate Bond ETF
January 31, 2024

Centrally Cleared Inflation Swaps (continued)

Paid by the Fund		Received by the Fund		Termination	Notional Amount					Upfront Premium Paid		Unrealized Appreciation
Rate	Frequency	Rate	Frequency	Date	(000)		Value			(Received)		(Depreciation)
1.94%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	08/20/50	USD	10	$	2,023		$	1	$	2,022
1.95%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	08/20/50	USD	600		120,113			16,730		103,383
2.23%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/06/51	USD	300		39,695			15		39,680
2.41%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	07/30/51	USD	1,000		77,363			49		77,314
2.42%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	08/02/51	USD	459		34,046			23		34,023
2.37%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	02/08/53	USD	99		2,784			5		2,779
2.35%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	04/06/53	USD	50		1,536			3		1,533
2.54%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	11/29/53	USD	160		(2,620	)		8		(2,628	)
2.39%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/03/54	USD	90		1,653			4		1,649
2.43%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/09/54	USD	60		549			3		546
2.52%	At Termination	U.S. CPI Urban Consumers NSA	At Termination	01/30/54	USD	37		(344	)		2		(346	)
							$	2,012,990		$	16,218	$	1,996,772

Fair Value Hierarchy as of Period End

Various inputs are used in determining the fair value of financial instruments. 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 for identical assets or liabilities that each Fund has the ability to access;

● Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and

● Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (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. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.

The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.

	Level 1		Level 2		Level 3		Total
Assets
Investments
Long-Term Investments
Investment Companies	$	42,396,831	$	—	$	—	$	42,396,831

4

Schedule of Investments (unaudited) (continued)	iShares® Inflation Hedged Corporate Bond ETF
January 31, 2024

Fair Value Hierarchy as of Period End (continued)

	Level 1		Level 2			Level 3		Total
Short-Term Securities
Money Market Funds	$	20,608,596	$	—		$	—	$	20,608,596
	$	63,005,427	$	—		$	—	$	63,005,427
Derivative Financial Instruments(a)
Assets
Inflation Linked Contracts	$	—	$	2,022,082		$	—	$	2,022,082
Interest Rate Contracts		—		84,433			—		84,433
Liabilities
Inflation Linked Contracts		—		(25,310	)		—		(25,310	)
Interest Rate Contracts		—		(16,900	)		—		(16,900	)
	$	—	$	2,064,305		$	—		2,064,305

^(a)  Derivative financial instruments are swaps. Swaps are valued at the unrealized appreciation (depreciation) on the instrument.

Portfolio Abbreviation
CPI	Consumer Price Index
SOFR	Secured Overnight Financing Rate

 5