Schedule of Investments (unaudited)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
Corporate Bonds & Notes
Australia — 0.5%
FMG Resources August 2006 Pty. Ltd.
4.38%, 04/01/31 (Call 01/01/31)(a)	USD	150	$	134,925
4.50%, 09/15/27 (Call 06/15/27)(a)	USD	55		52,932
FMG Resources August Pty. Ltd.
5.88%, 04/15/30 (Call 01/15/30)(a)	USD	55		54,273
6.13%, 04/15/32 (Call 01/15/32)(a)(b)	USD	75		74,319
Mineral Resources Ltd.
8.00%, 11/01/27 (Call 11/01/24)(a)	USD	45		46,171
8.13%, 05/01/27 (Call 05/01/24)(a)	USD	50		50,500
8.50%, 05/01/30 (Call 05/01/25)(a)	USD	70		72,376
9.25%, 10/01/28 (Call 10/01/25)(a)	USD	100		105,625
				591,121
Austria — 0.2%
ams-OSRAM AG, 10.50%, 03/30/29(c)	EUR	100		116,600
Benteler International AG, 9.38%, 05/15/28 (Call 05/15/25)(c)	EUR	100		115,476
				232,076
Belgium — 0.2%
Ontex Group NV, 3.50%, 07/15/26 (Call 02/12/24)(c)	EUR	100		103,019
Telenet Finance Luxembourg Notes Sarl, 5.50%, 03/01/28 (Call 02/12/24)(a)	USD	200		189,925
				292,944
Canada — 3.4%
1011778 BC ULC/New Red Finance Inc.
3.50%, 02/15/29 (Call 02/15/24)(a)	USD	70		63,975
3.88%, 01/15/28 (Call 09/15/24)(a)	USD	145		136,341
4.00%, 10/15/30 (Call 10/15/25)(a)	USD	275		245,235
4.38%, 01/15/28 (Call 11/15/24)(a)	USD	70		66,634
5.75%, 04/15/25 (Call 04/15/24)(a)	USD	40		39,932
Air Canada
3.88%, 08/15/26 (Call 02/15/26)(a)	USD	100		95,072
4.63%, 08/15/29 (Call 02/15/26)(a)	CAD	238		165,683
AutoCanada Inc., 5.75%, 02/07/29 (Call 01/01/25)(a)	CAD	75		50,154
Baytex Energy Corp.
8.50%, 04/30/30 (Call 04/30/26)(a)	USD	75		77,877
8.75%, 04/01/27 (Call 04/01/24)(a)	USD	25		25,990
Bombardier Inc.
6.00%, 02/15/28 (Call 02/15/24)(a)	USD	75		72,860
7.13%, 06/15/26 (Call 06/15/24)(a)	USD	121		121,991
7.50%, 02/01/29 (Call 02/01/26)(a)(b)	USD	60		61,118
7.88%, 04/15/27 (Call 04/15/24)(a)	USD	174		174,000
8.75%, 11/15/30 (Call 11/15/26)(a)	USD	75		78,662
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC
4.88%, 02/15/30 (Call 02/15/25)(a)	USD	50		44,497
6.25%, 09/15/27 (Call 09/15/24)(a)	USD	57		55,442
Emera Inc., Series 16-A, 6.75%, 06/15/76 (Call 06/15/26), (3-mo. LIBOR US + 5.440%)(d)	USD	110		108,630
Garda World Security Corp.
4.63%, 02/15/27 (Call 02/15/24)(a)	USD	60		56,581
6.00%, 06/01/29 (Call 06/01/24)(a)	USD	50		43,875
7.75%, 02/15/28 (Call 02/15/25)(a)	USD	30		30,616
9.50%, 11/01/27 (Call 11/01/24)(a)	USD	50		50,313
GFL Environmental Inc.
3.50%, 09/01/28 (Call 03/01/28)(a)	USD	60		54,229
3.75%, 08/01/25 (Call 08/01/24)(a)	USD	80		77,716
4.00%, 08/01/28 (Call 08/01/24)(a)(b)	USD	75		68,622

Security		Par (000)	Value
Canada (continued)
4.25%, 06/01/25 (Call 06/01/24)(a)	USD	50	$	49,065
4.38%, 08/15/29 (Call 08/15/24)(a)	USD	55		50,316
4.75%, 06/15/29 (Call 06/15/24)(a)(b)	USD	75		70,050
5.13%, 12/15/26 (Call 12/15/24)(a)	USD	54		52,745
6.75%, 01/15/31 (Call 01/15/27)(a)	USD	95		97,242
Husky Injection Molding Systems Ltd./Titan Co.-Borrower LLC, 9.00%, 02/15/29(a)	USD	10		10,000
Jones Deslauriers Insurance Management Inc., 8.50%, 03/15/30 (Call 03/15/26)(a)	USD	50		51,875
Kronos Acquisition Holdings Inc./KIK Custom Products Inc.
5.00%, 12/31/26 (Call 12/31/24)(a)	USD	45		43,536
7.00%, 12/31/27 (Call 12/31/24)(a)	USD	45		43,934
Mattamy Group Corp.
4.63%, 03/01/30 (Call 03/01/25)(a)	USD	55		50,117
5.25%, 12/15/27 (Call 12/15/24)(a)	USD	60		57,750
MEG Energy Corp.
5.88%, 02/01/29 (Call 02/01/24)(a)	USD	50		48,828
7.13%, 02/01/27 (Call 02/01/24)(a)	USD	60		60,941
Methanex Corp.
5.13%, 10/15/27 (Call 04/15/27)	USD	60		57,941
5.25%, 12/15/29 (Call 09/15/29)	USD	65		62,075
NOVA Chemicals Corp.
4.25%, 05/15/29 (Call 05/15/24)(a)	USD	57		47,951
5.00%, 05/01/25 (Call 01/31/25)(a)	USD	54		52,667
5.25%, 06/01/27 (Call 03/03/27)(a)	USD	100		92,625
8.50%, 11/15/28 (Call 11/15/25)(a)	USD	50		52,392
NuVista Energy Ltd., 7.88%, 07/23/26 (Call 07/19/24)(a)	CAD	50		37,901
Open Text Corp.
3.88%, 02/15/28 (Call 02/15/24)(a)	USD	90		83,594
3.88%, 12/01/29 (Call 12/01/24)(a)(b)	USD	80		72,097
Open Text Holdings Inc.
4.13%, 02/15/30 (Call 02/15/25)(a)	USD	90		81,455
4.13%, 12/01/31 (Call 12/01/26)(a)(b)	USD	68		60,260
Parkland Corp.
3.88%, 06/16/26 (Call 06/16/24)(a)	CAD	75		53,298
4.50%, 10/01/29 (Call 10/01/24)(a)	USD	70		64,746
4.63%, 05/01/30 (Call 05/01/25)(a)	USD	80		73,672
5.88%, 07/15/27 (Call 07/15/24)(a)	USD	40		39,639
Ritchie Bros Holdings Inc.
6.75%, 03/15/28 (Call 03/15/25)(a)	USD	60		61,204
7.75%, 03/15/31 (Call 03/15/26)(a)(b)	USD	80		84,324
Rogers Communications Inc., 5.25%, 03/15/82 (Call 03/15/27), (5-year CMT + 3.590%)(a)(b)(d)	USD	75		71,421
SNC-Lavalin Group Inc., 7.00%, 06/12/26 (Call 06/01/26)	CAD	25		18,971
Superior Plus LP, 4.25%, 05/18/28 (Call 05/18/24)(a)	CAD	50		34,735
Tamarack Valley Energy Ltd., 7.25%, 05/10/27 (Call 05/10/24)(a)	CAD	75		54,870
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 01/29/24)(a)	USD	65		65,169
Videotron Ltd.
3.13%, 01/15/31 (Call 01/15/26)	CAD	125		80,109
3.63%, 06/15/28 (Call 06/15/24)(a)	CAD	100		69,099
3.63%, 06/15/29 (Call 06/15/24)(a)(b)	USD	25		22,811
4.50%, 01/15/30 (Call 10/15/24)	CAD	110		77,337
5.13%, 04/15/27 (Call 04/15/24)(a)	USD	60		59,175
				4,383,982

1

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
China — 0.1%
Swissport Investments SA, 6.75%, 12/15/21(c)(e)(f)	EUR	100	$	1
TI Automotive Finance PLC, 3.75%, 04/15/29 (Call 04/15/24)(c)	EUR	100		98,348
				98,349
Cyprus — 0.1%
Bank of Cyprus PCL, 7.38%, 07/25/28, (3-mo. EURIBOR + 4.095%)(c)(d)	EUR	100		112,234
Czech Republic — 0.1%
Allwyn Entertainment Financing U.K. PLC, 7.25%, 04/30/30 (Call 04/30/26)(c)	EUR	100		114,075
Finland — 0.2%
Citycon Treasury BV, 1.63%, 03/12/28 (Call 12/12/27)(c)	EUR	100		88,786
Huhtamaki Oyj, 4.25%, 06/09/27 (Call 03/09/27)(c)	EUR	100		108,177
				196,963
France — 4.6%
Adevinta ASA, 2.63%, 11/15/25 (Call 02/12/24)(c)	EUR	100		107,598
Air France-KLM, 8.13%, 05/31/28 (Call 02/28/28)(c)	EUR	100		122,084
Altice France SA, 5.50%, 10/15/29 (Call 10/15/24)(a)	USD	175		129,104
Altice France SA/France
2.50%, 01/15/25 (Call 02/12/24)(c)	EUR	100		102,328
3.38%, 01/15/28 (Call 02/12/24)(c)	EUR	100		83,573
4.13%, 01/15/29 (Call 03/01/24)(c)	EUR	100		82,333
5.13%, 01/15/29 (Call 09/15/24)(a)	USD	45		33,144
5.13%, 07/15/29 (Call 04/15/24)(a)	USD	250		182,762
5.50%, 01/15/28 (Call 09/15/24)(a)	USD	100		77,756
5.88%, 02/01/27 (Call 02/12/24)(c)	EUR	100		92,482
8.13%, 02/01/27 (Call 08/01/24)(a)	USD	175		156,417
Atos SE
1.00%, 11/12/29 (Call 08/12/29)(c)	EUR	100		28,132
2.50%, 11/07/28 (Call 08/07/28)(c)	EUR	100		27,882
Banijay Entertainment SASU, 7.00%, 05/01/29 (Call 11/01/25)(c)	EUR	100		113,669
CAB SELAS, 3.38%, 02/01/28 (Call 03/01/24)(c)	EUR	100		98,036
Cerba Healthcare SACA, 3.50%, 05/31/28 (Call 05/31/24)(c)	EUR	100		94,632
Electricite de France SA, 9.13%, (Call 03/15/33), (5-year CMT + 5.411%)(a)(d)(g)	USD	150		167,926
Elior Group SA, 3.75%, 07/15/26 (Call 03/01/24)(c)	EUR	100		100,739
Elis SA, 1.63%, 04/03/28 (Call 01/03/28)(c)	EUR	100		99,660
Emeria SASU, 3.38%, 03/31/28 (Call 03/31/24)(c)	EUR	100		92,285
Eramet SA, 7.00%, 05/22/28 (Call 02/22/28)(c)	EUR	100		109,096
Eutelsat SA
1.50%, 10/13/28 (Call 07/13/28)(c)	EUR	100		75,406
2.00%, 10/02/25 (Call 07/02/25)(c)	EUR	100		100,196
Forvia SE
2.38%, 06/15/27 (Call 02/12/24)(c)	EUR	100		100,535
2.63%, 06/15/25 (Call 03/01/24)(c)	EUR	135		142,518
2.75%, 02/15/27 (Call 03/01/24)(c)	EUR	100		102,321
3.13%, 06/15/26 (Call 03/01/24)(c)	EUR	100		104,784
3.75%, 06/15/28 (Call 03/01/24)(c)	EUR	100		104,596
Getlink SE, 3.50%, 10/30/25 (Call 03/01/24)(c)	EUR	100		106,900
Iliad Holding SASU
5.13%, 10/15/26 (Call 02/12/24)(c)	EUR	100		107,842
5.63%, 10/15/28 (Call 10/15/24)(c)	EUR	100		108,330
6.50%, 10/15/26 (Call 10/15/24)(a)	USD	125		122,509
7.00%, 10/15/28 (Call 10/15/24)(a)	USD	75		74,344

Security		Par (000)	Value
France (continued)
iliad SA
1.88%, 02/11/28 (Call 11/11/27)(c)	EUR	100	$	98,755
2.38%, 06/17/26 (Call 03/17/26)(c)	EUR	100		103,207
5.38%, 02/15/29 (Call 11/15/28)(c)	EUR	100		110,730
IPD 3 BV, 8.00%, 06/15/28 (Call 06/15/25)(c)	EUR	100		113,535
Kapla Holding SAS, 3.38%, 12/15/26 (Call 02/12/24)(c)	EUR	100		103,467
Loxam SAS
6.38%, 05/15/28 (Call 05/15/25)(c)	EUR	100		111,634
6.38%, 05/31/29 (Call 12/15/25)(c)	EUR	125		138,703
Paprec Holding SA, 6.50%, 11/17/27 (Call 11/17/25)(c)	EUR	100		114,169
Parts Europe SA, 6.50%, 07/16/25 (Call 02/06/24)(c)	EUR	100		107,869
Picard Groupe SAS, 3.88%, 07/01/26 (Call 03/13/24)(c)	EUR	100		104,536
RCI Banque SA, 2.63%, 02/18/30 (Call 02/18/25)(c)(d)	EUR	100		105,243
Renault SA
1.13%, 10/04/27 (Call 07/04/27)(c)	EUR	100		97,734
1.25%, 06/24/25 (Call 03/24/25)(c)	EUR	100		103,654
2.38%, 05/25/26 (Call 02/25/26)(c)	EUR	200		207,492
2.50%, 06/02/27 (Call 03/02/27)(c)	EUR	100		102,624
Rexel SA, 2.13%, 12/15/28 (Call 12/15/24)(c)	EUR	100		99,804
SNF Group SACA, 2.63%, 02/01/29 (Call 02/12/24)(c)	EUR	100		99,600
SPIE SA, 2.63%, 06/18/26 (Call 12/18/25)(c)	EUR	100		105,126
Tereos Finance Groupe I SA, 4.75%, 04/30/27 (Call 04/30/24)(c)	EUR	100		107,902
Valeo SE
1.50%, 06/18/25 (Call 03/18/25)(c)	EUR	100		104,464
5.38%, 05/28/27 (Call 02/28/27)(c)	EUR	100		111,330
5.88%, 04/12/29(c)	EUR	100		114,517
				5,818,014
Germany — 3.1%
Bayer AG
5.38%, 03/25/82 (Call 06/25/30)(c)(d)	EUR	100		101,954
6.63%, 09/25/83(c)	EUR	100		109,216
7.00%, 09/25/83(c)	EUR	100		110,523
Bertelsmann SE & Co. KGaA, 3.50%, 04/23/75 (Call 04/23/27)(c)(d)	EUR	100		103,330
Ceconomy AG, 1.75%, 06/24/26 (Call 03/24/26)(c)	EUR	100		96,115
Cheplapharm Arzneimittel GmbH
4.38%, 01/15/28 (Call 03/01/24)(c)	EUR	100		104,501
7.50%, 05/15/30 (Call 05/15/26)(c)	EUR	100		113,684
Commerzbank AG
4.00%, 03/23/26(c)	EUR	100		107,839
4.00%, 03/30/27(c)	EUR	70		75,938
4.00%, 12/05/30 (Call 09/05/25)(c)(d)	EUR	100		106,603
8.63%, 02/28/33 (Call 11/28/27)(c)(d)	GBP	100		134,556
CT Investment GmbH, 5.50%, 04/15/26 (Call 03/01/24)(c)	EUR	100		106,908
Douglas GmbH, 6.00%, 04/08/26 (Call 03/01/24)(c)	EUR	100		107,130
Evonik Industries AG, 1.38%, 09/02/81 (Call 09/02/26)(c)(d)	EUR	100		96,867
Gruenenthal GmbH, 6.75%, 05/15/30 (Call 05/15/26)(c)	EUR	100		115,058
Mahle GmbH, 2.38%, 05/14/28 (Call 02/14/28)(c)	EUR	100		91,469
Mercer International Inc., 5.13%, 02/01/29 (Call 02/01/24)(b)	USD	85		72,880

2

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
Germany (continued)
PCF GmbH, 4.75%, 04/15/26 (Call 02/12/24)(c)	EUR	100	$	87,449
ProGroup AG, 3.00%, 03/31/26 (Call 03/01/24)(c)	EUR	100		104,445
Renk AG/Frankfurt am Main, 5.75%, 07/15/25 (Call 02/12/24)(c)	EUR	100		107,718
Schaeffler AG
2.88%, 03/26/27 (Call 12/26/26)(c)	EUR	75		78,882
3.38%, 10/12/28 (Call 07/12/28)(c)	EUR	100		104,271
4.75%, 08/14/29 (Call 05/14/29)(c)	EUR	100		109,553
Techem Verwaltungsgesellschaft 675 mbH, 2.00%, 07/15/25 (Call 03/01/24)(c)	EUR	100		105,363
Tele Columbus AG, 3.88%, 05/02/25 (Call 02/12/24)(c)	EUR	100		67,109
thyssenkrupp AG, 2.50%, 02/25/25(c)	EUR	50		53,163
TK Elevator Holdco GmbH
6.63%, 07/15/28 (Call 03/01/24)(c)	EUR	90		93,372
7.63%, 07/15/28 (Call 07/15/24)(a)	USD	25		24,937
TK Elevator U.S. Newco Inc., 5.25%, 07/15/27 (Call 07/15/24)(a)	USD	150		144,750
TUI Cruises GmbH, 6.50%, 05/15/26 (Call 02/12/24)(c)	EUR	100		107,004
WEPA Hygieneprodukte GmbH, 5.63%, 01/15/31 (Call 01/15/27)(c)	EUR	100		108,487
ZF Europe Finance BV
2.00%, 02/23/26 (Call 12/23/25)(c)	EUR	100		102,564
2.50%, 10/23/27 (Call 07/23/27)(c)	EUR	100		100,189
3.00%, 10/23/29 (Call 07/23/29)(c)	EUR	100		98,025
4.75%, 01/31/29 (Call 10/31/28)(c)	EUR	100		107,609
ZF Finance GmbH
2.00%, 05/06/27 (Call 02/06/27)(c)	EUR	100		99,761
2.75%, 05/25/27 (Call 02/25/27)(c)	EUR	100		101,965
5.75%, 08/03/26 (Call 07/03/26)(c)	EUR	100		110,819
ZF North America Capital Inc.
4.75%, 04/29/25(a)	USD	75		73,908
6.88%, 04/14/28 (Call 03/14/28)(a)	USD	50		51,333
7.13%, 04/14/30 (Call 02/14/30)(a)	USD	75		79,117
				3,976,364
Greece — 1.1%
Alpha Bank SA
2.50%, 03/23/28 (Call 03/23/27)(c)(d)	EUR	100		100,306
7.50%, 06/16/27 (Call 06/16/26)(c)(d)	EUR	100		115,141
Alpha Services and Holdings SA, 5.50%, 06/11/31 (Call 03/11/26)(c)(d)	EUR	100		105,504
Eurobank Ergasias Services & Holdings SA, 10.00%, 12/06/32 (Call 12/06/27)(c)(d)	EUR	100		122,508
Eurobank SA
5.88%, 11/28/29(c)	EUR	100		112,513
7.00%, 01/26/29 (Call 01/26/28)(c)(d)	EUR	100		117,380
National Bank of Greece SA
4.50%, 01/29/29(c)	EUR	100		107,777
8.00%, 01/03/34(c)	EUR	100		116,982
Piraeus Bank SA
6.75%, 12/05/29(c)	EUR	100		114,012
8.25%, 01/28/27 (Call 01/28/26)(c)(d)	EUR	100		114,927
Piraeus Financial Holdings SA, 5.50%, 02/19/30 (Call 02/19/25)(c)(d)	EUR	100		106,426
Public Power Corp. SA, 4.38%, 03/30/26 (Call 03/01/24)(c)	EUR	100		107,576
				1,341,052

Security		Par (000)	Value
Hong Kong — 0.3%
Melco Resorts Finance Ltd.
4.88%, 06/06/25 (Call 01/29/24)(a)	USD	70	$	68,161
5.25%, 04/26/26 (Call 04/26/24)(a)	USD	50		47,952
5.38%, 12/04/29 (Call 12/04/24)(a)	USD	125		111,250
5.63%, 07/17/27 (Call 07/17/24)(a)	USD	50		47,389
5.75%, 07/21/28 (Call 07/21/24)(a)	USD	75		69,869
				344,621
Ireland — 0.4%
AerCap Global Aviation Trust, 6.50%, 06/15/45 (Call 06/15/25), (3-mo. SOFR + 4.562%)(a)(d)	USD	50		49,800
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc., 5.25%, 08/15/27 (Call 08/15/24)(a)	USD	75		56,250
C&W Senior Financing DAC, 6.88%, 09/15/27 (Call 09/15/24)(a)	USD	110		104,282
eircom Finance DAC, 3.50%, 05/15/26 (Call 03/01/24)(c)	EUR	125		130,894
Energia Group Roi Financeco DAC, 6.88%, 07/31/28(c)	EUR	100		112,502
GGAM Finance Ltd.
7.75%, 05/15/26 (Call 11/15/25)(a)	USD	25		25,496
8.00%, 02/15/27 (Call 08/15/26)(a)	USD	20		20,555
8.00%, 06/15/28 (Call 12/15/27)(a)	USD	70		72,865
				572,644
Israel — 1.4%
Energian Israel Finance Ltd.
4.88%, 03/30/26 (Call 12/30/25)(a)(c)	USD	60		55,327
5.38%, 03/30/28 (Call 09/30/27)(a)(c)	USD	56		49,196
5.88%, 03/30/31 (Call 09/30/30)(a)(c)	USD	70		58,341
8.50%, 09/30/33(a)(c)	USD	65		60,970
Leviathan Bond Ltd.
6.13%, 06/30/25 (Call 03/30/25)(a)(c)	USD	55		53,006
6.50%, 06/30/27 (Call 12/30/26)(a)(c)	USD	55		51,336
6.75%, 06/30/30 (Call 12/30/29)(a)(c)	USD	60		54,117
Teva Pharmaceutical Finance Netherlands II BV
3.75%, 05/09/27 (Call 02/09/27)	EUR	100		104,399
4.38%, 05/09/30 (Call 02/09/30)	EUR	150		151,956
4.50%, 03/01/25 (Call 12/01/24)	EUR	100		107,669
7.38%, 09/15/29 (Call 06/15/29)	EUR	100		117,366
7.88%, 09/15/31 (Call 06/15/31)	EUR	100		122,086
Teva Pharmaceutical Finance Netherlands III BV 3.15%, 10/01/26	USD	310		288,078
4.75%, 05/09/27 (Call 02/09/27)	USD	100		96,522
5.13%, 05/09/29 (Call 02/09/29)	USD	100		96,356
6.75%, 03/01/28 (Call 12/01/27)	USD	125		128,125
7.13%, 01/31/25 (Call 10/31/24)	USD	25		25,205
7.88%, 09/15/29 (Call 06/15/29)	USD	50		54,051
8.13%, 09/15/31 (Call 06/15/31)	USD	50		55,067
				1,729,173
Italy — 4.2%
Banca IFIS SpA, 6.13%, 01/19/27(c)	EUR	100		110,854
Banca Monte dei Paschi di Siena SpA 2.63%, 04/28/25(c)	EUR	100		104,882
6.75%, 03/02/26 (Call 03/02/25), (3-mo. EURIBOR + 3.206%)(c)(d)	EUR	100		109,665
10.50%, 07/23/29(c)	EUR	100		123,749
Banca Popolare di Sondrio SPA, 5.50%, 09/26/28(c)	EUR	100		112,518
Banco BPM SpA
3.25%, 01/14/31 (Call 01/14/26)(c)(d)	EUR	100		104,651
5.00%, 09/14/30 (Call 09/14/25)(c)(d)	EUR	100		108,903

3

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
Italy (continued)
6.00%, 06/14/28, (3-mo. EURIBOR + 2.800%)(c)	EUR	150	$	169,942
BPER Banca
5.75%, 09/11/29, (3-mo. EURIBOR + 2.600%)(c)(d)	EUR	150		168,869
6.13%, 02/01/28 (Call 02/01/27), (3-mo. EURIBOR + 3.600%)(c)(d)	EUR	150		171,506
Cerved Group SpA, 6.00%, 02/15/29 (Call 03/15/25)(c)	EUR	100		98,330
doValue SpA, 3.38%, 07/31/26 (Call 02/12/24)(c)	EUR	100		97,122
Engineering - Ingegneria Informatica - SpA, 5.88%, 09/30/26 (Call 02/14/24)(c)	EUR	100		104,273
Guala Closures SpA, 3.25%, 06/15/28 (Call 06/15/24)(c)	EUR	100		100,000
Iccrea Banca SpA
4.75%, 01/18/32 (Call 10/18/26)(c)(d)	EUR	100		104,737
6.88%, 01/20/28 (Call 01/20/27), (3-mo. EURIBOR + 4.045%)(c)(d)	EUR	100		116,055
IMA Industria Macchine Automatiche SpA, 3.75%, 01/15/28 (Call 02/12/24)(c)	EUR	100		103,707
Infrastrutture Wireless Italiane SpA
1.75%, 04/19/31 (Call 01/19/31)(c)	EUR	100		96,024
1.88%, 07/08/26 (Call 04/08/26)(c)	EUR	100		103,919
International Design Group SpA, 10.00%, 11/15/28 (Call 11/15/25)(c)	EUR	100		112,010
Intesa Sanpaolo SpA
2.86%, 04/23/25(c)	EUR	100		106,759
2.93%, 10/14/30(c)	EUR	100		97,179
3.93%, 09/15/26(c)	EUR	100		107,892
4.20%, 06/01/32 (Call 06/01/31), (1-year CMT + 2.600%)(a)(d)	USD	60		49,755
5.15%, 06/10/30(c)	GBP	100		115,145
5.71%, 01/15/26(a)	USD	150		149,713
Lottomatica SpA, 9.75%, 09/30/27 (Call 09/30/24)(c)	EUR	100		116,137
Mundys SpA
1.88%, 07/13/27 (Call 04/13/27)(c)	EUR	100		100,295
1.88%, 02/12/28 (Call 11/12/27)(c)	EUR	100		97,510
4.75%, 01/24/29(c)	EUR	100		108,621
Nexi SpA
1.63%, 04/30/26 (Call 01/30/26)(c)	EUR	100		101,885
2.13%, 04/30/29 (Call 01/30/29)(c)	EUR	100		95,286
Rossini Sarl, 6.75%, 10/30/25 (Call 02/12/24)(c)	EUR	100		107,934
Saipem Finance International BV, 3.13%, 03/31/28 (Call 12/31/27)(c)	EUR	100		103,083
Telecom Italia SpA
6.88%, 02/15/28 (Call 11/15/27)(c)	EUR	100		115,033
7.88%, 07/31/28 (Call 05/01/28)(c)	EUR	200		238,018
Telecom Italia SpA/Milano
1.63%, 01/18/29 (Call 10/18/28)(c)	EUR	100		92,592
2.38%, 10/12/27 (Call 07/12/27)(c)	EUR	100		100,752
2.75%, 04/15/25 (Call 01/15/25)(c)	EUR	100		105,624
3.00%, 09/30/25(c)	EUR	100		105,619
3.63%, 05/25/26(c)	EUR	100		106,315
UniCredit SpA
2.73%, 01/15/32 (Call 01/15/27)(c)(d)	EUR	200		202,750
5.46%, 06/30/35 (Call 06/30/30), (5-year CMT + 4.750%)(a)(d)	USD	135		126,562
5.86%, 06/19/32 (Call 06/19/27), (5-year USD ICE Swap + 3.703%)(a)(d)	USD	85		83,159

Security		Par (000)	Value
Italy (continued)
7.30%, 04/02/34 (Call 04/02/29), (5-year USD ICE Swap + 4.914%)(a)(d)	USD	125	$	129,239
Webuild SpA
5.88%, 12/15/25 (Call 06/15/25)(c)	EUR	100		110,281
7.00%, 09/27/28(c)	EUR	100		113,588
				5,408,442
Japan — 0.5%
Rakuten Group Inc.
5.13%, (Call 04/22/26), (5-year CMT + 4.578%)(a)(d)(g)	USD	70		59,387
6.25%, (Call 04/22/31), (5-year CMT + 4.956%)(a)(d)(g)	USD	110		75,316
SoftBank Group Corp.
2.88%, 01/06/27 (Call 10/06/26)(c)	EUR	100		101,629
3.13%, 09/19/25 (Call 06/21/25)(c)	EUR	150		157,680
4.00%, 09/19/29 (Call 06/21/29)(c)	EUR	125		126,112
5.00%, 04/15/28 (Call 01/16/28)(c)	EUR	100		108,046
				628,170
Luxembourg — 1.4%
Albion Financing 1 Sarl/Aggreko Holdings Inc., 6.13%, 10/15/26 (Call 10/15/24)(a)	USD	40		39,450
Albion Financing 2 Sarl, 8.75%, 04/15/27 (Call 10/15/24)(a)	USD	50		50,125
Altice Financing SA
4.25%, 08/15/29 (Call 08/15/24)(c)	EUR	100		94,741
5.00%, 01/15/28 (Call 01/15/25)(a)	USD	100		89,750
5.75%, 08/15/29 (Call 08/15/24)(a)	USD	200		173,613
Altice Finco SA, 4.75%, 01/15/28 (Call 03/01/24)(c)	EUR	100		91,138
Altice France Holding SA
4.00%, 02/15/28 (Call 03/01/24)(c)	EUR	100		46,008
6.00%, 02/15/28 (Call 02/15/24)(a)	USD	100		44,500
8.00%, 05/15/27 (Call 02/12/24)(c)	EUR	100		56,991
10.50%, 05/15/27 (Call 05/15/24)(a)	USD	150		86,201
Cidron Aida Finco Sarl, 5.00%, 04/01/28 (Call 04/01/24)(c)	EUR	100		104,132
Garfunkelux Holdco 3 SA, 6.75%, 11/01/25 (Call 03/01/24)(c)	EUR	100		86,637
Herens Midco Sarl, 5.25%, 05/15/29 (Call 05/15/24)(c)	EUR	100		75,004
INEOS Finance PLC, 6.63%, 05/15/28 (Call 02/15/25)(c)	EUR	100		110,786
Intelsat Jackson Holdings SA, 6.50%, 03/15/30 (Call 03/15/25)(a)	USD	290		274,210
Kleopatra Holdings 2 SCA, 6.50%, 09/01/26 (Call 03/01/24)(c)	EUR	100		69,042
Loarre Investments Sarl, 6.50%, 05/15/29 (Call 05/15/25)(c)	EUR	100		107,159
Matterhorn Telecom SA, 4.00%, 11/15/27 (Call 03/01/24)(c)	EUR	100		106,316
Summer BC Holdco B Sarl, 5.75%, 10/31/26 (Call 03/01/24)(c)	EUR	100		105,455
				1,811,258
Macau — 0.6%
MGM China Holdings Ltd.
4.75%, 02/01/27 (Call 02/01/24)(a)	USD	75		69,915
5.25%, 06/18/25 (Call 01/09/24)(a)	USD	35		34,162
5.88%, 05/15/26 (Call 05/15/24)(a)	USD	75		73,450
Studio City Finance Ltd.
5.00%, 01/15/29 (Call 01/15/25)(a)	USD	95		81,106
6.00%, 07/15/25 (Call 07/15/24)(a)	USD	50		49,087

4

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
Macau (continued)
6.50%, 01/15/28 (Call 07/15/24)(a)	USD	60	$	55,850
Wynn Macau Ltd.
5.13%, 12/15/29 (Call 12/15/24)(a)	USD	100		89,000
5.50%, 01/15/26 (Call 01/29/24)(a)	USD	75		72,728
5.50%, 10/01/27 (Call 10/01/24)(a)	USD	75		70,577
5.63%, 08/26/28 (Call 08/26/24)(a)	USD	150		139,349
				735,224
Netherlands — 1.6%
GTCR W-2 Merger Sub LLC/GTCR W Dutch Finance Sub BV, 8.50%, 01/15/31 (Call 01/15/27)(c)	GBP	100		136,026
Maxeda DIY Holding BV, 5.88%, 10/01/26 (Call 02/12/24)(c)	EUR	100		87,167
Nobian Finance BV, 3.63%, 07/15/26 (Call 03/01/24)(c)	EUR	100		103,366
PPF Telecom Group BV, 3.25%, 09/29/27 (Call 06/29/27)(c)	EUR	175		183,384
Q-Park Holding I BV, 2.00%, 03/01/27 (Call 03/01/24)(c)	EUR	150		151,778
Sigma Holdco BV, 5.75%, 05/15/26 (Call 02/12/24)(c)	EUR	100		100,370
Sunrise FinCo I BV, 4.88%, 07/15/31 (Call 07/15/26)(a)	USD	150		131,482
TMNL Holding BV, 3.75%, 01/15/29 (Call 01/15/25)(c)	EUR	100		101,628
Trivium Packaging Finance BV
3.75%, 08/15/26 (Call 03/01/24)(c)	EUR	100		105,002
5.50%, 08/15/26 (Call 08/15/24)(a)	USD	75		73,224
8.50%, 08/15/27 (Call 08/15/24)(a)	USD	75		73,317
UPCB Finance VII Ltd., 3.63%, 06/15/29 (Call 02/12/24)(c)	EUR	100		103,440
Versuni Group BV, 3.13%, 06/15/28 (Call 06/15/24)(c)	EUR	100		94,301
VZ Secured Financing BV, 5.00%, 01/15/32 (Call 01/15/27)(a)	USD	150		130,500
VZ Vendor Financing II BV, 2.88%, 01/15/29 (Call 02/12/24)(c)	EUR	100		93,953
Ziggo Bond Co. BV
3.38%, 02/28/30 (Call 02/15/25)(c)	EUR	100		91,729
5.13%, 02/28/30 (Call 02/15/25)(a)	USD	50		42,145
6.00%, 01/15/27 (Call 01/15/25)(a)(b)	USD	75		73,599
Ziggo BV
2.88%, 01/15/30 (Call 10/15/24)(c)	EUR	100		98,115
4.88%, 01/15/30 (Call 10/15/24)(a)	USD	85		75,974
				2,050,500
Norway — 0.1%
Var Energi ASA, 7.86%, 11/15/83 (Call 11/15/28)(c)(d)	EUR	100		115,205
Portugal — 0.5%
Banco Comercial Portugues SA, 3.87%, 03/27/30 (Call 03/27/25)(c)(d)	EUR	100		105,109
Caixa Central de Credito Agricola Mutuo CRL, 2.50%, 11/05/26 (Call 11/05/25)(c)(d)	EUR	100		101,907
EDP - Energias de Portugal SA
1.50%, 03/14/82 (Call 12/14/26)(c)(d)	EUR	100		97,933
1.88%, 08/02/81 (Call 05/02/26)(c)(d)	EUR	100		100,919
5.94%, 04/23/83 (Call 01/23/28)(c)(d)	EUR	100		112,379

Security		Par (000)	Value
Portugal (continued)
Novo Banco SA, 9.88%, 12/01/33 (Call 06/01/28)(c)(d)	EUR	100	$	121,940
				640,187
Slovenia — 0.2%
United Group BV
3.63%, 02/15/28 (Call 03/01/24)(c)	EUR	100		98,996
4.63%, 08/15/28 (Call 08/15/24)(c)	EUR	100		101,460
6.75%, 02/15/31 (Call 02/05/27)(c)	EUR	100		108,610
				309,066
Spain — 2.5%
Abanca Corp. Bancaria SA, 4.63%, 04/07/30 (Call 04/07/25)(c)(d)	EUR	100		106,757
ACS Actividades de Construccion y Servicios SA, 1.38%, 06/17/25 (Call 03/17/25)(c)	EUR	100		104,341
Banco de Credito Social Cooperativo SA
7.50%, 09/14/29(c)(d)	EUR	100		116,060
8.00%, 09/22/26 (Call 09/22/25)(c)(d)	EUR	100		113,733
Banco de Sabadell SA
5.25%, 02/07/29 (Call 02/07/28)(c)(d)	EUR	100		112,145
5.38%, 09/08/26 (Call 09/08/25)(c)(d)	EUR	100		110,238
5.50%, 09/08/29(c)	EUR	100		112,846
6.00%, 08/16/33 (Call 05/16/28)(c)(d)	EUR	100		109,559
Cellnex Finance Co. SA
0.75%, 11/15/26 (Call 08/15/26)(c)	EUR	100		100,061
1.00%, 09/15/27 (Call 06/15/27)(c)	EUR	100		99,111
1.25%, 01/15/29 (Call 10/15/28)(c)	EUR	100		96,899
2.00%, 09/15/32 (Call 06/15/32)(c)	EUR	100		93,676
2.00%, 02/15/33 (Call 11/15/32)(c)	EUR	100		92,686
2.25%, 04/12/26 (Call 01/12/26)(c)	EUR	100		105,029
Cellnex Telecom SA
1.75%, 10/23/30 (Call 07/23/30)(c)	EUR	100		95,643
1.88%, 06/26/29 (Call 03/26/29)(c)	EUR	100		98,798
Cirsa Finance International Sarl
7.88%, 07/31/28(c)	EUR	100		112,843
10.38%, 11/30/27 (Call 11/09/24)(c)	EUR	100		116,074
ContourGlobal Power Holdings SA, 2.75%, 01/01/26 (Call 03/01/24)(c)	EUR	100		103,274
eDreams ODIGEO SA, 5.50%, 07/15/27 (Call 03/01/24)(c)	EUR	100		106,606
Eroski S Coop, 10.63%, 04/30/29(c)	EUR	100		114,970
Grifols SA
1.63%, 02/15/25 (Call 03/01/24)(c)	EUR	100		104,836
3.20%, 05/01/25 (Call 03/01/24)(c)	EUR	100		102,944
3.88%, 10/15/28 (Call 10/15/24)(c)	EUR	125		114,004
Grupo-Antolin Irausa SA, 3.38%, 04/30/26 (Call 02/12/24)(c)	EUR	100		99,164
Ibercaja Banco SA, 2.75%, 07/23/30 (Call 07/23/25)(c)(d)	EUR	100		103,451
Kaixo Bondco Telecom SA, 5.13%, 09/30/29 (Call 09/30/24)(c)	EUR	100		104,179
Lorca Telecom Bondco SA, 4.00%, 09/18/27 (Call 02/14/24)(c)	EUR	150		157,440
Unicaja Banco SA, 6.50%, 09/11/28 (Call 09/11/27)(c)(d)	EUR	100		112,750
Via Celere Desarrollos Inmobiliarios SA, 5.25%, 04/01/26 (Call 03/01/24)(c)	EUR	100		105,943
				3,226,060
Supranational — 0.1%
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)(a)	USD	100		100,873

5

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
Sweden — 1.0%
Dometic Group AB, 2.00%, 09/29/28 (Call 06/29/28)(c)	EUR	100	$	94,585
Fastighets AB Balder, 2.87%, 06/02/81 (Call 03/02/26)(c)(d)	EUR	100		90,582
Heimstaden AB, 4.25%, 03/09/26 (Call 12/09/25)(c)	EUR	100		61,919
Intrum AB
3.00%, 09/15/27 (Call 02/12/24)(c)	EUR	100		74,136
3.50%, 07/15/26 (Call 02/12/24)(c)	EUR	100		81,013
4.88%, 08/15/25 (Call 02/12/24)(c)	EUR	100		94,293
Samhallsbyggnadsbolaget i Norden AB
2.25%, 08/12/27 (Call 05/12/27)(c)	EUR	100		74,363
2.38%, 09/04/26 (Call 06/04/26)(c)	EUR	100		82,858
SBB Treasury OYJ, 1.13%, 11/26/29 (Call 08/26/29)(c)	EUR	125		84,772
Stena International SA, 7.25%, 01/15/31 (Call 01/15/27)(a)	USD	50		50,026
Verisure Holding AB
3.25%, 02/15/27 (Call 02/12/24)(c)	EUR	100		103,809
3.88%, 07/15/26 (Call 02/12/24)(c)	EUR	100		105,996
7.13%, 02/01/28 (Call 02/01/25)(c)	EUR	100		113,344
Verisure Midholding AB, 5.25%, 02/15/29 (Call 02/15/24)(c)	EUR	100		103,025
Volvo Car AB, 2.50%, 10/07/27 (Call 07/07/27)(c)	EUR	100		101,557
				1,316,278
Switzerland — 0.3%
Dufry One BV, 2.00%, 02/15/27 (Call 03/01/24)(c)	EUR	100		100,961
SIG Combibloc Purchase Co. Sarl, 2.13%, 06/18/25 (Call 03/18/25)(c)	EUR	100		105,527
VistaJet Malta Finance PLC/Vista Management Holding Inc.
6.38%, 02/01/30 (Call 02/01/25)(a)(b)	USD	95		68,761
7.88%, 05/01/27 (Call 04/26/24)(a)(b)	USD	35		29,289
9.50%, 06/01/28 (Call 06/01/25)(a)	USD	50		42,370
				346,908
United Kingdom — 5.8%
888 Acquisitions Ltd., 7.56%, 07/15/27 (Call 07/15/24)(c)	EUR	100		103,538
B&M European Value Retail SA, 8.13%, 11/15/30 (Call 11/15/26)(c)	GBP	100		134,345
BCP V Modular Services Finance II PLC, 4.75%, 11/30/28 (Call 11/30/24)(c)	EUR	150		150,181
Bellis Acquisition Co. PLC, 3.25%, 02/16/26 (Call 03/01/24)(c)	GBP	175		209,420
Bellis Finco PLC, 4.00%, 02/16/27 (Call 03/01/24)(c)	GBP	100		115,593
British Telecommunications PLC
1.87%, 08/18/80 (Call 05/18/25)(c)(d)	EUR	100		103,208
4.25%, 11/23/81 (Call 11/23/26), (5-year CMT + 2.985%)(a)(d)	USD	50		46,893
4.88%, 11/23/81 (Call 08/23/31), (5-year CMT + 3.493%)(a)(d)	USD	45		39,555
Canary Wharf Group Investment Holdings PLC, 2.63%, 04/23/25 (Call 03/23/25)(c)	GBP	100		117,536
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 10/01/24)(a)	USD	175		171,063
Constellation Automotive Financing PLC, 4.88%, 07/15/27 (Call 03/01/24)(c)	GBP	100		106,053
Deuce Finco PLC, 5.50%, 06/15/27 (Call 03/01/24)(c)	GBP	100		119,128

Security		Par (000)	Value
United Kingdom (continued)
eG Global Finance PLC, 12.00%, 11/30/28 (Call 05/30/26)(a)	USD	200	$	211,250
Global Auto Holdings Ltd./AAG FH U.K. Ltd., 8.38%, 01/15/29 (Call 01/15/26)(a)	USD	200		188,250
Heathrow Finance PLC, 3.88%, 03/01/27(c)(h)	GBP	100		119,298
Iceland Bondco PLC, 10.88%, 12/15/27 (Call 08/15/25)(c)	GBP	100		135,349
INEOS Quattro Finance 1 PLC, 3.75%, 07/15/26 (Call 02/12/24)(c)	EUR	100		103,744
INEOS Quattro Finance 2 PLC, 2.50%, 01/15/26 (Call 02/12/24)(c)	EUR	100		104,148
International Consolidated Airlines Group SA
1.50%, 07/04/27 (Call 04/04/27)(c)	EUR	100		99,498
3.75%, 03/25/29 (Call 12/25/28)(c)	EUR	100		104,464
Jaguar Land Rover Automotive PLC
4.50%, 01/15/26 (Call 10/15/25)(c)	EUR	100		107,856
4.50%, 10/01/27 (Call 07/01/27)(a)	USD	50		47,255
5.88%, 01/15/28 (Call 01/15/25)(a)	USD	80		78,598
7.75%, 10/15/25 (Call 10/15/24)(a)	USD	60		60,459
Jerrold Finco PLC, 4.88%, 01/15/26 (Call 03/01/24)(c)	GBP	100		122,900
Kane Bidco Ltd., 6.50%, 02/15/27 (Call 03/01/24)(c)	GBP	100		120,886
Macquarie Airfinance Holdings Ltd.
8.13%, 03/30/29 (Call 09/30/25)(a)	USD	50		51,964
8.38%, 05/01/28 (Call 04/17/25)(a)	USD	50		52,274
Market Bidco Finco PLC, 5.50%, 11/04/27 (Call 11/04/24)(c)	GBP	100		116,124
Motion Finco Sarl, 7.38%, 06/15/30 (Call 06/15/26)(c)	EUR	100		111,500
NGG Finance PLC
2.13%, 09/05/82 (Call 06/05/27)(c)(d)	EUR	100		98,748
5.63%, 06/18/73 (Call 06/18/25)(c)(d)	GBP	100		124,861
Nomad Foods Bondco PLC, 2.50%, 06/24/28 (Call 06/24/24)(c)	EUR	100		99,463
Ocado Group PLC, 3.88%, 10/08/26 (Call 03/01/24)(c)	GBP	100		109,802
Odeon Finco PLC, 12.75%, 11/01/27 (Call 11/01/24)(a)	USD	25		25,125
PeopleCert Wisdom Issuer PLC, 5.75%, 09/15/26 (Call 03/01/24)(c)	EUR	100		106,180
Pinewood Finance Co. Ltd., 3.25%, 09/30/25 (Call 03/01/24)(c)	GBP	100		123,582
Pinnacle Bidco PLC, 10.00%, 10/11/28 (Call 10/11/25)(c)	GBP	100		133,116
Playtech PLC, 5.88%, 06/28/28(c)	EUR	100		107,549
Punch Finance PLC, 6.13%, 06/30/26 (Call 06/30/24)(c)	GBP	100		121,613
Rolls-Royce PLC
1.63%, 05/09/28 (Call 02/09/28)(c)	EUR	100		97,937
3.63%, 10/14/25 (Call 07/14/25)(a)	USD	85		81,925
5.75%, 10/15/27 (Call 07/15/27)(a)	USD	100		100,140
5.75%, 10/15/27 (Call 07/15/27)(c)	GBP	100		127,058
Sherwood Financing PLC, 4.50%, 11/15/26 (Call 03/01/24)(c)	EUR	100		102,644
Stonegate Pub Co. Financing 2019 PLC, 8.25%, 07/31/25 (Call 03/01/24)(c)	GBP	100		122,419
Synthomer PLC, 3.88%, 07/01/25 (Call 03/01/24)(c)	EUR	100		106,023
TalkTalk Telecom Group Ltd., 3.88%, 02/20/25 (Call 02/12/24)(c)	GBP	100		104,629

6

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United Kingdom (continued)
Thames Water Utilities Finance PLC, 2.88%, 05/03/27(c)	GBP	100	$	94,520
Very Group Funding PLC (The), 6.50%, 08/01/26 (Call 02/12/24)(c)	GBP	100		111,732
Victoria PLC, 3.63%, 08/24/26 (Call 02/12/24)(c)	EUR	100		90,745
Virgin Media Finance PLC, 5.00%, 07/15/30 (Call 07/15/25)(a)	USD	75		66,930
Virgin Media Secured Finance PLC
4.13%, 08/15/30 (Call 08/15/25)(c)	GBP	100		108,234
4.25%, 01/15/30 (Call 10/15/24)(c)	GBP	150		166,857
4.50%, 08/15/30 (Call 08/15/25)(a)	USD	90		80,418
5.50%, 05/15/29 (Call 05/15/24)(a)	USD	150		144,375
Virgin Media Vendor Financing Notes III DAC, 4.88%, 07/15/28 (Call 03/01/24)(c)	GBP	100		115,447
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28 (Call 07/15/24)(a)	USD	50		47,066
Vmed O2 UK Financing I PLC
3.25%, 01/31/31 (Call 01/31/26)(c)	EUR	150		147,185
4.25%, 01/31/31 (Call 01/31/26)(a)	USD	125		109,241
4.75%, 07/15/31 (Call 07/15/26)(a)	USD	135		120,994
Vodafone Group PLC
3.00%, 08/27/80 (Call 05/27/30)(c)(d)	EUR	100		96,759
3.25%, 06/04/81 (Call 06/04/26), (5-year CMT + 2.447%)(d)	USD	40		37,278
4.13%, 06/04/81 (Call 04/04/31), (5-year CMT + 2.767%)(d)	USD	95		82,650
6.50%, 08/30/84 (Call 05/30/29)(c)(d)	EUR	150		173,117
7.00%, 04/04/79 (Call 01/04/29), (5-year USD Swap + 4.873%)(d)	USD	180		185,928
8.00%, 08/30/86 (Call 05/30/31)(c)(d)	GBP	100		136,379
				7,360,999
United States — 62.5%
Acrisure LLC/Acrisure Finance Inc.
4.25%, 02/15/29 (Call 02/15/24)(a)(b)	USD	70		62,631
6.00%, 08/01/29 (Call 08/01/24)(a)(b)	USD	35		31,981
8.25%, 02/01/29 (Call 02/01/26)(a)	USD	100		100,241
10.13%, 08/01/26 (Call 08/01/24)(a)	USD	35		36,471
AdaptHealth LLC
4.63%, 08/01/29 (Call 02/01/24)(a)	USD	35		27,603
5.13%, 03/01/30 (Call 03/01/25)(a)(b)	USD	60		46,976
Adient Global Holdings Ltd.
7.00%, 04/15/28 (Call 04/15/25)(a)	USD	50		51,063
8.25%, 04/15/31 (Call 04/15/26)(a)(b)	USD	55		57,985
ADT Security Corp. (The), 4.13%, 08/01/29 (Call 08/01/28)(a)(b)	USD	85		78,069
AG Issuer LLC, 6.25%, 03/01/28 (Call 03/01/24)(a)	USD	50		49,255
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27 (Call 09/30/24)(a)	USD	40		41,517
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC
3.25%, 03/15/26 (Call 09/15/24)(a)	USD	55		52,190
3.50%, 03/15/29 (Call 09/15/24)(a)	USD	135		122,022
4.63%, 01/15/27 (Call 01/15/25)(a)	USD	140		135,947
4.88%, 02/15/30 (Call 02/15/25)(a)	USD	85		81,387
5.88%, 02/15/28 (Call 08/15/24)(a)	USD	75		74,911
6.50%, 02/15/28 (Call 02/15/25)(a)(b)	USD	85		85,850
7.50%, 03/15/26 (Call 03/15/24)(a)	USD	50		50,939
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer
4.25%, 10/15/27 (Call 10/15/24)(a)	USD	75		70,352
5.88%, 11/01/29 (Call 11/01/24)(a)(b)	USD	30		28,411

Security		Par (000)	Value
United States (continued)
6.75%, 10/15/27 (Call 10/15/24)(a)	USD	130	$	127,576
6.75%, 04/15/28 (Call 04/15/25)(a)	USD	110		110,583
7.00%, 01/15/31 (Call 01/15/27)(a)	USD	155		156,643
Allied Universal Holdco LLC/Allied Universal
Finance Corp.
6.00%, 06/01/29 (Call 06/01/24)(a)(b)	USD	100		82,350
6.63%, 07/15/26 (Call 07/15/24)(a)	USD	170		167,110
9.75%, 07/15/27 (Call 07/15/24)(a)	USD	90		87,975
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl
3.63%, 06/01/28 (Call 06/01/24)(c)	EUR	100		98,407
4.63%, 06/01/28 (Call 06/01/24)(a)	USD	200		180,250
Allison Transmission Inc.
3.75%, 01/30/31 (Call 01/30/26)(a)	USD	110		95,752
4.75%, 10/01/27 (Call 10/01/24)(a)	USD	40		38,505
5.88%, 06/01/29 (Call 06/01/24)(a)	USD	40		39,708
Ally Financial Inc.
5.75%, 11/20/25 (Call 10/20/25)(b)	USD	105		105,174
6.70%, 02/14/33 (Call 11/16/32)(b)	USD	35		35,092
AMC Entertainment Holdings Inc., 7.50%, 02/15/29 (Call 02/15/25)(a)(b)	USD	80		51,680
AMC Networks Inc.
4.25%, 02/15/29 (Call 02/15/24)	USD	95		73,259
4.75%, 08/01/25 (Call 01/29/24)	USD	85		81,841
American Airlines Group Inc., 3.75%, 03/01/25(a)(b)	USD	50		48,852
American Airlines Inc.
7.25%, 02/15/28 (Call 02/15/25)(a)(b)	USD	65		66,021
8.50%, 05/15/29 (Call 11/15/25)(a)	USD	115		121,807
American Airlines Inc./AAdvantage Loyalty IP Ltd.
5.50%, 04/20/26(a)	USD	247		245,025
5.75%, 04/20/29(a)	USD	280		275,100
American Axle & Manufacturing Inc.
5.00%, 10/01/29 (Call 10/01/24)(b)	USD	60		52,500
6.50%, 04/01/27 (Call 04/01/24)(b)	USD	45		44,888
6.88%, 07/01/28 (Call 07/01/24)	USD	25		24,353
American Builders & Contractors Supply Co. Inc.
3.88%, 11/15/29 (Call 11/15/24)(a)	USD	35		31,162
4.00%, 01/15/28 (Call 01/15/25)(a)	USD	65		60,949
AmeriGas Partners LP/AmeriGas Finance Corp.
5.50%, 05/20/25 (Call 02/20/25)(b)	USD	50		49,162
5.75%, 05/20/27 (Call 02/20/27)	USD	50		47,901
5.88%, 08/20/26 (Call 05/20/26)	USD	70		68,145
9.38%, 06/01/28 (Call 06/01/25)(a)	USD	65		66,838
Antero Midstream Partners LP/Antero Midstream Finance Corp.
5.38%, 06/15/29 (Call 06/15/24)(a)	USD	80		76,813
5.75%, 03/01/27 (Call 03/01/24)(a)	USD	55		54,591
5.75%, 01/15/28 (Call 01/15/25)(a)	USD	55		53,881
6.63%, 02/01/32 (Call 02/01/27)(a)	USD	65		64,594
7.88%, 05/15/26 (Call 05/15/24)(a)	USD	60		61,252
Antero Resources Corp.
5.38%, 03/01/30 (Call 03/01/25)(a)(b)	USD	60		57,032
7.63%, 02/01/29 (Call 02/01/24)(a)	USD	16		16,478
Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp., 7.00%, 04/15/30 (Call 04/15/25)(a)(b)	USD	155		140,262
APX Group Inc.
5.75%, 07/15/29 (Call 07/15/24)(a)	USD	95		90,199
6.75%, 02/15/27 (Call 02/15/24)(a)	USD	65		65,203

7

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
Aramark Services Inc.
5.00%, 04/01/25 (Call 01/29/24)(a)	USD	60	$	59,625
5.00%, 02/01/28 (Call 02/01/24)(a)	USD	110		106,225
Arches Buyer Inc.
4.25%, 06/01/28 (Call 12/01/24)(a)	USD	90		80,157
6.13%, 12/01/28 (Call 12/01/24)(a)	USD	35		30,233
Archrock Partners LP/Archrock Partners Finance Corp.
6.25%, 04/01/28 (Call 04/01/24)(a)	USD	75		74,161
6.88%, 04/01/27 (Call 04/01/24)(a)(b)	USD	50		50,090
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC
2.00%, 09/01/28 (Call 05/15/24)(c)	EUR	100		93,549
3.25%, 09/01/28 (Call 05/15/24)(a)	USD	50		43,688
4.00%, 09/01/29 (Call 05/15/24)(a)(b)	USD	100		81,000
6.00%, 06/15/27 (Call 06/15/24)(a)	USD	50		49,344
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc.
2.13%, 08/15/26 (Call 03/04/24)(c)	EUR	100		97,068
4.13%, 08/15/26 (Call 08/15/24)(a)	USD	110		98,450
4.75%, 07/15/27 (Call 02/12/24)(c)	GBP	100		93,813
5.25%, 04/30/25 (Call 04/30/24)(a)	USD	75		73,312
5.25%, 08/15/27 (Call 08/15/24)(a)	USD	100		75,000
Aretec Group Inc.
7.50%, 04/01/29 (Call 04/01/24)(a)	USD	50		46,375
10.00%, 08/15/30 (Call 08/15/26)(a)	USD	70		75,963
Asbury Automotive Group Inc.
4.50%, 03/01/28 (Call 03/01/24)	USD	36		33,948
4.63%, 11/15/29 (Call 11/15/24)(a)(b)	USD	70		64,605
4.75%, 03/01/30 (Call 03/01/25)	USD	35		32,425
5.00%, 02/15/32 (Call 11/15/26)(a)(b)	USD	70		63,000
Ascent Resources Utica Holdings LLC/ARU Finance Corp.
5.88%, 06/30/29 (Call 09/01/24)(a)	USD	65		61,190
7.00%, 11/01/26 (Call 11/01/24)(a)	USD	50		49,875
8.25%, 12/31/28 (Call 02/01/24)(a)(b)	USD	25		25,514
Ashland Services BV, 2.00%, 01/30/28 (Call 11/01/27)(c)	EUR	100		99,123
Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 04/01/30 (Call 04/01/25)(a)	USD	30		27,152
ASP Unifrax Holdings Inc
5.25%, 09/30/28 (Call 09/30/24)(a)	USD	85		55,303
7.50%, 09/30/29 (Call 09/30/24)(a)	USD	35		16,423
AssuredPartners Inc.
5.63%, 01/15/29 (Call 12/15/24)(a)(b)	USD	50		47,248
7.00%, 08/15/25 (Call 01/29/24)(a)	USD	50		50,014
AthenaHealth Group Inc., 6.50%, 02/15/30 (Call 02/15/25)(a)	USD	240		214,214
ATI Inc., 7.25%, 08/15/30 (Call 08/15/26)	USD	45		46,198
Avantor Funding Inc.
2.63%, 11/01/25 (Call 02/12/24)(c)	EUR	100		105,545
3.88%, 11/01/29 (Call 11/01/24)(a)	USD	95		86,263
4.63%, 07/15/28 (Call 07/15/24)(a)	USD	130		123,347
Avient Corp.
5.75%, 05/15/25 (Call 05/15/24)(a)	USD	50		49,826
7.13%, 08/01/30 (Call 08/01/25)(a)(b)	USD	75		76,862
Avis Budget Car Rental LLC/Avis Budget Finance Inc.
4.75%, 04/01/28 (Call 04/01/24)(a)(b)	USD	50		46,125
5.38%, 03/01/29 (Call 03/01/24)(a)(b)	USD	60		55,543
5.75%, 07/15/27 (Call 07/15/24)(a)	USD	40		38,706

Security		Par (000)	Value
United States (continued)
8.00%, 02/15/31 (Call 11/15/26)(a)	USD	50	$	49,841
Avis Budget Finance PLC, 4.75%, 01/30/26 (Call 03/01/24)(c)	EUR	100		107,530
Axalta Coating Systems Dutch Holding B BV, 7.25%, 02/15/31 (Call 02/15/26)(a)	USD	50		52,063
Axalta Coating Systems LLC, 3.38%, 02/15/29 (Call 02/15/24)(a)	USD	75		66,641
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, 06/15/27 (Call 06/15/24)(a)	USD	50		48,042
B&G Foods Inc.
5.25%, 09/15/27 (Call 03/01/24)(b)	USD	55		49,558
8.00%, 09/15/28 (Call 09/15/25)(a)(b)	USD	45		46,952
Ball Corp.
2.88%, 08/15/30 (Call 05/15/30)	USD	125		106,121
3.13%, 09/15/31 (Call 06/15/31)	USD	90		76,260
4.88%, 03/15/26 (Call 12/15/25)	USD	70		69,162
5.25%, 07/01/25	USD	95		94,667
6.00%, 06/15/29 (Call 05/15/26)	USD	85		85,691
6.88%, 03/15/28 (Call 11/15/24)	USD	65		67,188
Bath & Body Works Inc.
5.25%, 02/01/28(b)	USD	40		39,199
6.63%, 10/01/30 (Call 10/01/25)(a)(b)	USD	105		106,302
7.50%, 06/15/29 (Call 06/15/24)(b)	USD	40		41,413
Bausch & Lomb Escrow Corp., 8.38%, 10/01/28 (Call 10/01/25)(a)	USD	140		145,260
Bausch Health Companies Inc.
4.88%, 06/01/28 (Call 06/01/24)(a)(b)	USD	175		98,458
5.25%, 01/30/30 (Call 01/30/25)(a)	USD	75		30,502
5.25%, 02/15/31 (Call 02/15/26)(a)(b)	USD	50		20,952
5.50%, 11/01/25 (Call 01/29/24)(a)	USD	195		178,425
5.75%, 08/15/27 (Call 08/15/24)(a)	USD	60		36,020
6.13%, 02/01/27 (Call 02/01/24)(a)	USD	140		88,725
6.25%, 02/15/29 (Call 02/15/24)(a)	USD	75		32,328
9.00%, 12/15/25 (Call 01/29/24)(a)(b)	USD	75		70,820
11.00%, 09/30/28(a)	USD	264		179,599
Beacon Roofing Supply Inc., 6.50%, 08/01/30 (Call 08/01/26)(a)	USD	40		40,372
Belden Inc., 3.38%, 07/15/31 (Call 07/15/26)(c)	EUR	100		97,521
Berry Global Inc., 5.63%, 07/15/27 (Call 07/15/24)(a)	USD	30		29,606
Block Inc.
2.75%, 06/01/26 (Call 05/01/26)(b)	USD	100		93,625
3.50%, 06/01/31 (Call 03/01/31)(b)	USD	80		68,700
Boyd Gaming Corp.
4.75%, 12/01/27 (Call 12/01/24)(b)	USD	95		91,535
4.75%, 06/15/31 (Call 06/15/26)(a)(b)	USD	75		68,625
Brand Industrial Services Inc., 10.38%, 08/01/30 (Call 08/01/26)	USD	130		137,150
Brandywine Operating Partnership LP, 3.95%, 11/15/27 (Call 08/15/27)	USD	25		22,573
Bread Financial Holdings Inc., 9.75%, 03/15/29 (Call 03/15/26)(a)(b)	USD	95		94,918
Brink’s Co. (The)
4.63%, 10/15/27 (Call 10/15/24)(a)	USD	60		56,850
5.50%, 07/15/25 (Call 06/18/24)(a)	USD	35		34,826
Brookfield Property Finance ULC
4.00%, 09/30/26 (Call 08/30/26)	CAD	125		85,514
7.13%, 02/13/28 (Call 01/13/28)	CAD	100		73,472

8

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
Brookfield Property REIT Inc./BPR
Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LL
4.50%, 04/01/27 (Call 10/01/24)(a)	USD	80	$	70,914
5.75%, 05/15/26 (Call 05/15/24)(a)	USD	75		72,363
Buckeye Partners LP
3.95%, 12/01/26 (Call 09/01/26)	USD	50		47,421
4.13%, 03/01/25 (Call 02/01/25)(a)	USD	25		24,462
4.13%, 12/01/27 (Call 09/01/27)	USD	35		33,104
4.50%, 03/01/28 (Call 12/01/27)(a)	USD	75		70,453
Builders FirstSource Inc.
4.25%, 02/01/32 (Call 08/01/26)(a)	USD	125		111,726
5.00%, 03/01/30 (Call 03/01/25)(a)	USD	55		52,511
6.38%, 06/15/32 (Call 06/15/27)(a)	USD	65		66,024
Burford Capital Global Finance LLC, 9.25%, 07/01/31 (Call 07/01/26)(a)	USD	50		52,125
Caesars Entertainment Inc.
4.63%, 10/15/29 (Call 10/15/24)(a)(b)	USD	115		104,937
6.25%, 07/01/25 (Call 07/01/24)(a)	USD	305		306,574
6.50%, 02/15/32 (Call 02/15/27)(a)	USD	30		30,325
7.00%, 02/15/30 (Call 02/15/26)(a)(b)	USD	180		184,288
8.13%, 07/01/27 (Call 07/01/24)(a)(b)	USD	185		189,869
Caesars Resort Collection LLC/CRC Finco Inc., 5.75%, 07/01/25 (Call 07/01/24)(a)	USD	85		85,136
Callon Petroleum Co.
7.50%, 06/15/30 (Call 06/15/25)(a)	USD	50		52,605
8.00%, 08/01/28 (Call 08/01/24)(a)	USD	75		78,131
Calpine Corp.
3.75%, 03/01/31 (Call 03/01/26)(a)(b)	USD	85		73,812
4.50%, 02/15/28 (Call 02/15/24)(a)	USD	105		99,889
4.63%, 02/01/29 (Call 02/01/24)(a)	USD	65		60,045
5.00%, 02/01/31 (Call 02/01/26)(a)(b)	USD	85		77,089
5.13%, 03/15/28 (Call 03/15/24)(a)	USD	125		119,227
5.25%, 06/01/26 (Call 06/01/24)(a)	USD	47		46,259
Calumet Specialty Products Partners LP/Calumet Finance Corp., 11.00%, 04/15/25 (Call 04/15/24)(a)	USD	21		21,279
Camelot Return Merger Sub Inc., 8.75%, 08/01/28 (Call 07/22/24)(a)(b)	USD	60		61,469
Carnival Holdings Bermuda Ltd., 10.38%, 05/01/28 (Call 05/01/25)(a)	USD	175		191,399
Carnival PLC, 1.00%, 10/28/29 (Call 07/28/29)	EUR	100		81,782
Catalent Pharma Solutions Inc.
2.38%, 03/01/28 (Call 03/01/24)(c)	EUR	100		95,791
3.13%, 02/15/29 (Call 02/15/24)(a)(b)	USD	35		30,601
3.50%, 04/01/30 (Call 04/01/25)(a)(b)	USD	70		61,517
5.00%, 07/15/27 (Call 07/15/24)(a)	USD	50		47,988
CCO Holdings LLC/CCO Holdings Capital Corp.
4.25%, 02/01/31 (Call 07/01/25)(a)(b)	USD	275		231,704
4.25%, 01/15/34 (Call 01/15/28)(a)(b)	USD	185		147,466
4.50%, 08/15/30 (Call 02/15/25)(a)	USD	260		225,958
4.50%, 05/01/32 (Call 05/01/26)	USD	310		258,656
4.50%, 06/01/33 (Call 06/01/27)(a)	USD	155		127,294
4.75%, 03/01/30 (Call 09/01/24)(a)	USD	285		253,311
4.75%, 02/01/32 (Call 02/01/27)(a)	USD	120		102,931
5.00%, 02/01/28 (Call 08/01/24)(a)	USD	240		224,717
5.13%, 05/01/27 (Call 05/01/24)(a)	USD	305		293,373
5.38%, 06/01/29 (Call 06/01/24)(a)	USD	150		139,404
5.50%, 05/01/26 (Call 05/01/24)(a)	USD	70		69,391
6.38%, 09/01/29 (Call 09/01/25)(a)(b)	USD	135		131,287
7.38%, 03/01/31 (Call 03/01/26)(a)(b)	USD	105		106,116
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)(b)	USD	45		43,031

Security		Par (000)	Value
United States (continued)
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op
5.38%, 04/15/27 (Call 04/15/24)	USD	70	$	69,292
5.50%, 05/01/25 (Call 05/01/24)(a)	USD	75		74,881
Central Garden & Pet Co.
4.13%, 10/15/30 (Call 10/15/25)	USD	50		44,815
4.13%, 04/30/31 (Call 04/30/26)(a)	USD	40		35,238
Central Parent Inc./CDK Global Inc., 7.25%, 06/15/29 (Call 06/15/25)(a)	USD	75		76,481
Central Parent LLC/CDK Global II LLC/CDK Financing Co. Inc., 8.00%, 06/15/29 (Call 06/15/25)(a)	USD	50		51,875
Century Communities Inc.
3.88%, 08/15/29 (Call 02/15/29)(a)	USD	50		45,011
6.75%, 06/01/27 (Call 06/01/24)	USD	50		50,274
Charles River Laboratories International Inc.
3.75%, 03/15/29 (Call 03/15/24)(a)	USD	35		31,869
4.00%, 03/15/31 (Call 03/15/26)(a)(b)	USD	40		35,532
4.25%, 05/01/28 (Call 05/01/24)(a)(b)	USD	50		47,145
Chart Industries Inc.
7.50%, 01/01/30 (Call 01/01/26)(a)	USD	114		117,181
9.50%, 01/01/31 (Call 01/01/26)(a)	USD	50		53,317
Chemours Co. (The)
4.00%, 05/15/26 (Call 03/01/24)	EUR	100		105,282
4.63%, 11/15/29 (Call 11/15/24)(a)	USD	55		47,890
5.38%, 05/15/27 (Call 02/15/27)	USD	50		48,630
5.75%, 11/15/28 (Call 11/15/24)(a)(b)	USD	80		75,600
Chesapeake Energy Corp.
5.50%, 02/01/26 (Call 02/05/24)(a)	USD	40		39,765
5.88%, 02/01/29 (Call 02/05/24)(a)(b)	USD	57		56,560
6.75%, 04/15/29 (Call 04/15/24)(a)	USD	100		101,071
CHS/Community Health Systems Inc.
4.75%, 02/15/31 (Call 02/15/26)(a)(b)	USD	120		95,300
5.25%, 05/15/30 (Call 05/15/25)(a)	USD	140		115,412
5.63%, 03/15/27 (Call 12/15/24)(a)	USD	180		166,509
6.00%, 01/15/29 (Call 01/15/25)(a)	USD	80		72,192
6.13%, 04/01/30 (Call 04/01/25)(a)(b)	USD	115		75,344
6.88%, 04/01/28 (Call 04/01/24)(a)	USD	85		54,914
6.88%, 04/15/29 (Call 04/15/24)(a)	USD	115		78,847
8.00%, 03/15/26 (Call 03/15/24)(a)(b)	USD	92		90,620
8.00%, 12/15/27 (Call 12/15/24)(a)(b)	USD	74		72,459
10.88%, 01/15/32 (Call 02/15/27)(a)	USD	100		104,513
Churchill Downs Inc.
4.75%, 01/15/28 (Call 01/15/25)(a)	USD	75		71,365
5.50%, 04/01/27 (Call 04/01/24)(a)	USD	50		49,277
5.75%, 04/01/30 (Call 04/01/25)(a)	USD	120		116,108
6.75%, 05/01/31 (Call 05/01/26)(a)	USD	55		55,782
Cinemark USA Inc.
5.25%, 07/15/28 (Call 07/15/24)(a)(b)	USD	60		55,350
5.88%, 03/15/26 (Call 03/15/24)(a)(b)	USD	35		34,650
CITGO Petroleum Corp.
6.38%, 06/15/26 (Call 06/15/24)(a)	USD	65		64,740
7.00%, 06/15/25 (Call 06/15/24)(a)	USD	95		94,924
8.38%, 01/15/29 (Call 10/15/25)(a)	USD	110		114,256
Civitas Resources Inc.
8.38%, 07/01/28 (Call 07/01/25)(a)	USD	155		162,907
8.63%, 11/01/30 (Call 11/01/26)(a)	USD	100		106,633
8.75%, 07/01/31 (Call 07/01/26)(a)(b)	USD	130		138,416
Clarios Global LP, 6.75%, 05/15/25 (Call 05/15/24)(a)	USD	32		31,980

9

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
Clarios Global LP/Clarios U.S. Finance Co.
4.38%, 05/15/26 (Call 03/04/24)(c)	EUR	100	$	106,926
6.25%, 05/15/26 (Call 05/15/24)(a)(b)	USD	110		109,862
6.75%, 05/15/28 (Call 05/15/25)(a)	USD	75		75,974
8.50%, 05/15/27 (Call 05/15/24)(a)(b)	USD	145		144,466
Clarivate Science Holdings Corp.
3.88%, 07/01/28 (Call 06/30/24)(a)	USD	85		78,274
4.88%, 07/01/29 (Call 06/30/24)(a)(b)	USD	85		79,375
Clean Harbors Inc.
4.88%, 07/15/27 (Call 07/15/24)(a)	USD	50		48,463
6.38%, 02/01/31 (Call 02/01/26)(a)(b)	USD	50		50,778
Clear Channel Outdoor Holdings Inc.
5.13%, 08/15/27 (Call 08/15/24)(a)(b)	USD	130		122,270
7.50%, 06/01/29 (Call 06/01/24)(a)(b)	USD	100		82,720
7.75%, 04/15/28 (Call 04/15/24)(a)(b)	USD	85		73,584
9.00%, 09/15/28 (Call 09/15/25)(a)(b)	USD	75		78,281
Clearway Energy Operating LLC
3.75%, 02/15/31 (Call 02/15/26)(a)(b)	USD	70		60,460
4.75%, 03/15/28 (Call 03/15/24)(a)	USD	85		80,980
Cleveland-Cliffs Inc.
5.88%, 06/01/27 (Call 06/01/24)	USD	45		44,699
6.75%, 03/15/26 (Call 03/15/24)(a)	USD	65		65,167
6.75%, 04/15/30 (Call 04/15/26)(a)	USD	75		75,375
Cloud Software Group Inc.
6.50%, 03/31/29 (Call 09/30/25)(a)	USD	380		354,704
9.00%, 09/30/29 (Call 09/30/25)(a)	USD	370		349,502
Clydesdale Acquisition Holdings Inc.
6.63%, 04/15/29 (Call 04/15/25)(a)	USD	40		39,806
8.75%, 04/15/30 (Call 04/15/25)(a)	USD	105		99,764
CMG Media Corp., 8.88%, 12/15/27 (Call 12/15/24)(a)(b)	USD	90		70,029
CNX Resources Corp.
6.00%, 01/15/29 (Call 01/15/25)(a)(b)	USD	40		38,600
7.38%, 01/15/31 (Call 01/15/26)(a)(b)	USD	45		45,678
Coinbase Global Inc.
3.38%, 10/01/28 (Call 10/01/24)(a)	USD	105		86,035
3.63%, 10/01/31 (Call 10/01/26)(a)	USD	70		52,577
CommScope Inc.
4.75%, 09/01/29 (Call 09/01/24)(a)	USD	115		76,116
6.00%, 03/01/26 (Call 03/01/24)(a)	USD	140		121,275
7.13%, 07/01/28 (Call 07/01/24)(a)	USD	60		24,563
8.25%, 03/01/27 (Call 03/01/24)(a)	USD	100		45,374
CommScope Technologies LLC
5.00%, 03/15/27 (Call 03/15/24)(a)	USD	65		24,018
6.00%, 06/15/25 (Call 01/09/24)(a)(b)	USD	106		84,270
Compass Group Diversified Holdings LLC, 5.25%, 04/15/29 (Call 04/15/24)(a)	USD	75		71,443
Comstock Resources Inc.
5.88%, 01/15/30 (Call 01/15/25)(a)(b)	USD	85		73,631
6.75%, 03/01/29 (Call 03/01/24)(a)(b)	USD	115		105,199
Consolidated Communications Inc.
5.00%, 10/01/28 (Call 10/01/24)(a)	USD	35		28,595
6.50%, 10/01/28 (Call 10/01/24)(a)(b)	USD	60		52,038
Constellium SE
3.13%, 07/15/29 (Call 07/15/24)(c)	EUR	100		99,315
3.75%, 04/15/29 (Call 04/15/24)(a)	USD	50		45,000
Coty Inc.
5.00%, 04/15/26 (Call 04/15/24)(a)	USD	95		93,275
5.75%, 09/15/28(c)	EUR	100		112,286
6.50%, 04/15/26 (Call 04/15/24)(a)	USD	14		14,023

Security		Par (000)	Value
United States (continued)
Coty Inc./HFC Prestige Products Inc./HFC Prestige International U.S. LLC
4.75%, 01/15/29 (Call 01/15/25)(a)	USD	35	$	33,562
6.63%, 07/15/30 (Call 07/16/26)(a)	USD	75		76,374
Covanta Holding Corp.
4.88%, 12/01/29 (Call 12/01/24)(a)(b)	USD	75		64,812
5.00%, 09/01/30 (Call 09/01/25)	USD	40		34,221
CQP Holdco LP/BIP-V Chinook Holdco LLC
5.50%, 06/15/31 (Call 06/15/26)(a)	USD	125		116,790
7.50%, 12/15/33 (Call 12/15/28)(a)	USD	50		51,250
Credit Acceptance Corp., 9.25%, 12/15/28 (Call 12/15/25)(a)	USD	60		63,056
Crescent Energy Finance LLC
7.25%, 05/01/26 (Call 05/01/24)(a)	USD	50		49,844
9.25%, 02/15/28 (Call 02/15/25)(a)	USD	100		104,175
Crown Americas LLC, 5.25%, 04/01/30 (Call 01/01/30)(b)	USD	45		43,600
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)(b)	USD	35		33,833
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 02/01/24)	USD	90		88,094
Crown European Holdings SA
2.88%, 02/01/26 (Call 08/01/25)(c)	EUR	100		105,385
4.75%, 03/15/29 (Call 12/15/28)(c)	EUR	100		109,488
CrownRock LP/CrownRock Finance Inc.
5.00%, 05/01/29 (Call 05/01/24)(a)	USD	45		44,410
5.63%, 10/15/25 (Call 01/29/24)(a)	USD	100		99,585
CSC Holdings LLC
3.38%, 02/15/31 (Call 02/15/26)(a)	USD	100		68,513
4.13%, 12/01/30 (Call 12/01/25)(a)	USD	100		72,250
4.50%, 11/15/31 (Call 11/15/26)(a)	USD	150		107,625
4.63%, 12/01/30 (Call 12/01/25)(a)	USD	225		115,243
5.00%, 11/15/31 (Call 11/15/26)(a)	USD	35		17,684
5.38%, 02/01/28 (Call 02/01/24)(a)	USD	100		85,754
5.50%, 04/15/27 (Call 04/15/24)(a)	USD	125		112,314
5.75%, 01/15/30 (Call 01/15/25)(a)	USD	225		119,171
6.50%, 02/01/29 (Call 02/01/24)(a)	USD	150		127,485
7.50%, 04/01/28 (Call 04/01/24)(a)	USD	100		66,875
11.25%, 05/15/28 (Call 05/15/25)(a)	USD	100		101,500
11.75%, 01/31/29 (Call 01/31/26)(a)	USD	175		177,690
Curo Group Holdings Corp., 7.50%, 08/01/28 (Call 08/01/24)(a)	USD	78		30,810
Cushman & Wakefield U.S. Borrower LLC
6.75%, 05/15/28 (Call 05/18/24)(a)	USD	50		49,313
8.88%, 09/01/31 (Call 09/01/26)(a)(b)	USD	40		41,831
CVR Energy Inc.
5.25%, 02/15/25 (Call 02/15/24)(a)	USD	65		64,919
5.75%, 02/15/28 (Call 02/15/24)(a)	USD	45		41,513
8.50%, 01/15/29 (Call 01/15/26)(a)	USD	50		50,063
Dana Financing Luxembourg Sarl, 8.50%, 07/15/31 (Call 07/15/26)(c)	EUR	100		117,831
Dana Inc.
4.25%, 09/01/30 (Call 05/01/26)	USD	50		43,719
5.38%, 11/15/27 (Call 11/15/24)	USD	40		38,900
5.63%, 06/15/28 (Call 06/15/24)(b)	USD	30		29,149
Darling Global Finance BV, 3.63%, 05/15/26 (Call 02/12/24)(c)	EUR	100		107,248
Darling Ingredients Inc.
5.25%, 04/15/27 (Call 04/15/24)(a)	USD	50		49,109
6.00%, 06/15/30 (Call 06/15/25)(a)(b)	USD	105		104,351

10

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
DaVita Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	150	$	123,624
4.63%, 06/01/30 (Call 06/01/25)(a)	USD	265		234,408
Delta Air Lines Inc.
3.75%, 10/28/29 (Call 07/28/29)	USD	60		54,735
4.38%, 04/19/28 (Call 01/19/28)(b)	USD	40		38,465
7.38%, 01/15/26 (Call 12/15/25)	USD	85		88,003
Directv Financing LLC, 8.88%, 02/01/30 (Call 02/01/26)(a)	USD	70		71,229
Directv Financing LLC/Directv Financing Co-Obligor Inc., 5.88%, 08/15/27 (Call 08/15/24)(a)	USD	350		332,500
DISH DBS Corp.
5.25%, 12/01/26 (Call 06/01/26)(a)	USD	235		185,504
5.75%, 12/01/28 (Call 12/01/27)(a)	USD	225		151,425
7.38%, 07/01/28 (Call 07/01/24)	USD	105		46,393
7.75%, 07/01/26	USD	200		116,200
5.13%, 06/01/29(b)	USD	150		57,900
DISH Network Corp., 11.75%, 11/15/27 (Call 05/15/25)(a)	USD	338		352,811
Diversified Healthcare Trust
4.38%, 03/01/31 (Call 09/01/30)(b)	USD	40		29,593
4.75%, 02/15/28 (Call 08/15/27)(b)	USD	60		46,875
9.75%, 06/15/25 (Call 06/15/24)	USD	40		39,782
DPL Inc.
4.13%, 07/01/25 (Call 04/01/25)	USD	55		53,702
4.35%, 04/15/29 (Call 01/15/29)	USD	25		23,228
DT Midstream Inc.
4.13%, 06/15/29 (Call 06/15/24)(a)	USD	110		101,070
4.38%, 06/15/31 (Call 06/15/26)(a)	USD	90		80,345
Edgewell Personal Care Co.
4.13%, 04/01/29 (Call 04/01/24)(a)(b)	USD	50		45,066
5.50%, 06/01/28 (Call 06/01/24)(a)	USD	80		78,200
Edison International
7.88%, 06/15/54 (Call 03/15/29), (5-year CMT + 3.658%)	USD	50		50,939
8.13%, 06/15/53 (Call 03/15/28), (5-year CMT + 3.864%)(d)	USD	50		51,331
Emerald Debt Merger Sub LLC
6.38%, 12/15/30 (Call 06/15/26)(c)	EUR	100		113,505
6.63%, 12/15/30 (Call 06/15/26)(a)(b)	USD	210		212,115
Encompass Health Corp.
4.50%, 02/01/28 (Call 02/01/24)	USD	65		62,023
4.63%, 04/01/31 (Call 03/30/26)(b)	USD	40		36,679
4.75%, 02/01/30 (Call 02/01/25)	USD	80		75,006
Encore Capital Group Inc., 4.25%, 06/01/28 (Call 06/01/24)(c)	GBP	100		109,506
Endeavor Energy Resources LP/EER Finance Inc., 5.75%, 01/30/28 (Call 01/30/25)(a)	USD	100		99,224
Energizer Gamma Acquisition BV, 3.50%, 06/30/29 (Call 06/30/24)(c)	EUR	100		95,459
Energizer Holdings Inc.
4.38%, 03/31/29 (Call 09/30/24)(a)	USD	65		58,581
4.75%, 06/15/28 (Call 07/01/24)(a)	USD	60		55,830
Energy Transfer LP, 8.00%, 05/15/54 (Call 02/15/29), (5-year CMT + 4.020%)	USD	75		77,625
EnLink Midstream LLC
5.38%, 06/01/29 (Call 03/01/29)	USD	50		48,688
5.63%, 01/15/28 (Call 07/15/27)(a)	USD	50		49,445
6.50%, 09/01/30 (Call 03/01/30)(a)	USD	95		97,050

Security		Par (000)	Value
United States (continued)
EnLink Midstream Partners LP
4.15%, 06/01/25 (Call 03/01/25)	USD	41	$	40,050
4.85%, 07/15/26 (Call 04/15/26)	USD	40		39,227
Entegris Inc.
3.63%, 05/01/29 (Call 05/01/24)(a)(b)	USD	35		31,544
4.38%, 04/15/28 (Call 04/15/24)(a)	USD	50		47,348
4.75%, 04/15/29 (Call 01/15/29)(a)	USD	150		143,250
5.95%, 06/15/30 (Call 06/15/25)(a)(b)	USD	75		73,986
EQM Midstream Partners LP
4.13%, 12/01/26 (Call 09/01/26)	USD	35		33,703
4.50%, 01/15/29 (Call 07/15/28)(a)(b)	USD	80		75,382
4.75%, 01/15/31 (Call 07/15/30)(a)(b)	USD	110		102,380
5.50%, 07/15/28 (Call 04/15/28)(b)	USD	85		84,084
6.00%, 07/01/25 (Call 04/01/25)(a)	USD	35		34,913
6.50%, 07/01/27 (Call 01/01/27)(a)	USD	75		75,937
7.50%, CALL, 06/01/27 (Call 06/01/24)(a)	USD	40		41,092
7.50%, CALL, 06/01/30 (Call 12/01/29)(a)	USD	50		53,629
EquipmentShare.com Inc., 9.00%, 05/15/28 (Call 05/15/25)(a)(b)	USD	95		96,718
Fair Isaac Corp.
4.00%, 06/15/28 (Call 12/15/24)(a)	USD	75		69,661
5.25%, 05/15/26 (Call 02/15/26)(a)	USD	35		34,566
Ferrellgas LP/Ferrellgas Finance Corp.
5.38%, 04/01/26 (Call 04/01/24)(a)	USD	65		64,066
5.88%, 04/01/29 (Call 04/01/24)(a)(b)	USD	70		68,605
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc.
4.63%, 01/15/29 (Call 01/15/25)(a)(b)	USD	100		91,875
6.75%, 01/15/30 (Call 01/15/25)(a)	USD	115		103,281
FirstCash Inc.
4.63%, 09/01/28 (Call 09/01/24)(a)	USD	50		46,741
5.63%, 01/01/30 (Call 01/01/25)(a)	USD	35		33,278
FirstEnergy Corp.
2.65%, 03/01/30 (Call 12/01/29)	USD	55		47,930
Series B, 2.25%, 09/01/30 (Call 06/01/30)	USD	35		29,423
Series B, 4.15%, 07/15/27 (Call 04/15/27)	USD	140		134,235
Fortress Transportation & Infrastructure Investors LLC, 7.88%, 12/01/30 (Call 12/01/26)(a)(b)	USD	50		52,678
Fortress Transportation and Infrastructure Investors LLC
5.50%, 05/01/28 (Call 05/01/24)(a)	USD	100		96,888
6.50%, 10/01/25 (Call 01/29/24)(a)	USD	66		65,917
9.75%, 08/01/27 (Call 08/01/24)(a)	USD	40		41,548
Freedom Mortgage Corp.
6.63%, 01/15/27 (Call 01/15/25)(a)	USD	85		81,600
7.63%, 05/01/26 (Call 05/01/24)(a)	USD	45		44,775
12.00%, 10/01/28 (Call 10/01/25)(a)	USD	50		54,781
12.25%, 10/01/30 (Call 10/01/26)(a)	USD	50		55,641
Freedom Mortgage Holdings LLC, 9.25%, 02/01/29 (Call 02/01/26)(a)	USD	10		10,126
Frontier Communications Holdings LLC
5.00%, 05/01/28 (Call 05/01/24)(a)	USD	140		129,150
5.88%, 10/15/27 (Call 10/15/24)(a)	USD	110		105,712
5.88%, 11/01/29 (Call 11/01/24)(b)	USD	75		63,480
6.00%, 01/15/30 (Call 10/15/24)(a)	USD	95		80,512
6.75%, 05/01/29 (Call 05/01/24)(a)	USD	95		84,194
8.63%, 03/15/31 (Call 03/15/26)(a)(b)	USD	75		75,867
8.75%, 05/15/30 (Call 05/15/25)(a)	USD	125		128,047

11

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
FXI Holdings Inc.
12.25%, 11/15/26 (Call 11/15/24)(a)(b)	USD	59	$	57,481
12.25%, 11/15/26 (Call 11/15/24)(a)	USD	49		47,542
Gap Inc. (The)
3.63%, 10/01/29 (Call 10/01/24)(a)	USD	80		68,475
3.88%, 10/01/31 (Call 10/01/26)(a)(b)	USD	69		56,994
Gen Digital Inc.
5.00%, 04/15/25 (Call 01/09/24)(a)	USD	100		99,468
6.75%, 09/30/27 (Call 09/30/24)(a)	USD	90		91,411
7.13%, 09/30/30 (Call 09/30/25)(a)(b)	USD	40		41,248
Genesis Energy LP/Genesis Energy Finance Corp.
7.75%, 02/01/28 (Call 02/01/24)	USD	65		64,967
8.00%, 01/15/27 (Call 01/15/25)	USD	105		106,212
8.25%, 01/15/29 (Call 01/15/26)	USD	70		71,925
8.88%, 04/15/30 (Call 04/15/26)	USD	30		31,388
Global Atlantic Fin Co., 4.70%, 10/15/51 (Call 07/15/26), (5-year CMT + 3.796%)(a)(d)	USD	70		61,859
Global Partners LP/GLP Finance Corp., 8.25%, 01/15/32 (Call 01/15/27)(a)	USD	55		56,443
Go Daddy Operating Co. LLC/GD Finance Co. Inc.
3.50%, 03/01/29 (Call 03/01/24)(a)	USD	70		63,621
5.25%, 12/01/27 (Call 06/01/24)(a)	USD	60		58,904
Goodyear Tire & Rubber Co. (The)
4.88%, 03/15/27 (Call 12/15/26)	USD	85		82,092
5.00%, 05/31/26 (Call 05/31/24)(b)	USD	65		63,824
5.00%, 07/15/29 (Call 04/15/29)(b)	USD	70		65,717
5.25%, 04/30/31 (Call 01/30/31)(b)	USD	60		54,697
5.25%, 07/15/31 (Call 04/15/31)(b)	USD	65		58,987
5.63%, 04/30/33 (Call 01/30/33)	USD	40		36,133
9.50%, 05/31/25 (Call 05/31/24)	USD	70		70,976
Graphic Packaging International LLC
3.50%, 03/15/28(a)(b)	USD	35		32,481
3.75%, 02/01/30 (Call 08/01/29)(a)	USD	40		35,873
Gray Television Inc.
4.75%, 10/15/30 (Call 10/15/25)(a)(b)	USD	60		46,950
5.38%, 11/15/31 (Call 11/15/26)(a)(b)	USD	120		94,350
5.88%, 07/15/26 (Call 07/15/24)(a)(b)	USD	75		73,485
7.00%, 05/15/27 (Call 05/15/24)(a)(b)	USD	75		73,312
GTCR AP Finance Inc., 8.00%, 05/15/27 (Call 05/15/24)(a)	USD	25		24,998
GTCR W-2 Merger Sub LLC, 7.50%, 01/15/31 (Call 01/15/27)(a)	USD	200		209,187
H&E Equipment Services Inc., 3.88%, 12/15/28 (Call 12/15/24)(a)	USD	100		90,757
Hanesbrands Inc.
4.88%, 05/15/26 (Call 02/15/26)(a)(b)	USD	75		72,240
9.00%, 02/15/31 (Call 02/15/26)(a)(b)	USD	60		60,270
HAT Holdings I LLC/HAT Holdings II LLC
3.38%, 06/15/26 (Call 03/15/26)(a)	USD	105		97,181
6.00%, 04/15/25 (Call 04/15/24)(a)(b)	USD	25		24,831
8.00%, 06/15/27 (Call 03/15/27)(a)(b)	USD	75		77,707
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, 01/20/26 (Call 01/20/25)(a)(b)	USD	115		108,203
Heartland Dental LLC/Heartland Dental Finance Corp., 10.50%, 04/30/28 (Call 05/15/25)(a)	USD	50		52,170
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 01/29/24)(a)	USD	65		64,517
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/15/24)(a)	USD	110		107,800

Security		Par (000)	Value
United States (continued)
Hertz Corp. (The)
4.63%, 12/01/26 (Call 12/01/24)(a)	USD	35	$	31,500
5.00%, 12/01/29 (Call 12/01/24)(a)(b)	USD	100		79,006
Hess Midstream Operations LP
4.25%, 02/15/30 (Call 02/15/25)(a)(b)	USD	70		64,567
5.13%, 06/15/28 (Call 06/15/24)(a)	USD	45		43,831
5.50%, 10/15/30 (Call 10/15/25)(a)	USD	40		39,039
5.63%, 02/15/26 (Call 02/15/24)(a)	USD	75		74,359
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD	55		53,210
6.00%, 04/15/30 (Call 04/15/25)(a)	USD	45		43,494
6.00%, 02/01/31 (Call 02/01/26)(a)	USD	80		76,666
6.25%, 11/01/28 (Call 11/01/24)(a)	USD	50		49,815
6.25%, 04/15/32 (Call 04/15/27)(a)	USD	60		57,798
8.38%, 11/01/33 (Call 11/01/28)(a)	USD	55		58,788
Hilton Domestic Operating Co. Inc.
3.63%, 02/15/32 (Call 08/15/26)(a)	USD	145		124,506
3.75%, 05/01/29 (Call 05/01/24)(a)	USD	75		68,602
4.00%, 05/01/31 (Call 05/01/26)(a)	USD	100		89,735
4.88%, 01/15/30 (Call 01/15/25)	USD	80		76,897
5.38%, 05/01/25 (Call 05/01/24)(a)	USD	35		34,998
5.75%, 05/01/28 (Call 05/01/24)(a)	USD	60		59,965
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc
4.88%, 07/01/31 (Call 07/01/26)(a)	USD	50		44,081
5.00%, 06/01/29 (Call 06/01/24)(a)	USD	85		78,641
6.63%, 01/15/32 (Call 01/15/27)(a)	USD	64		64,166
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 (Call 04/01/24)	USD	60		58,872
HLF Financing Sarl LLC/Herbalife International Inc., 4.88%, 06/01/29 (Call 06/01/24)(a)(b)	USD	40		31,250
Hologic Inc.
3.25%, 02/15/29 (Call 09/28/24)(a)(b)	USD	100		89,905
4.63%, 02/01/28 (Call 02/01/24)(a)	USD	25		24,125
Howard Hughes Corp. (The)
4.13%, 02/01/29 (Call 02/01/24)(a)	USD	40		36,013
4.38%, 02/01/31 (Call 02/01/26)(a)(b)	USD	65		56,601
5.38%, 08/01/28 (Call 08/01/24)(a)	USD	75		72,076
Hub International Ltd., 5.63%, 12/01/29 (Call 12/01/24)(a)	USD	40		37,745
HUB International Ltd.
7.25%, 06/15/30 (Call 06/15/26)(a)	USD	280		287,879
7.38%, 01/31/32 (Call 01/31/27)(a)	USD	180		184,086
Hudson Pacific Properties LP
3.25%, 01/15/30 (Call 10/15/29)	USD	25		19,900
3.95%, 11/01/27 (Call 08/01/27)	USD	25		22,508
4.65%, 04/01/29 (Call 01/01/29)	USD	50		44,000
Hughes Satellite Systems Corp.
5.25%, 08/01/26	USD	75		63,457
6.63%, 08/01/26	USD	60		41,025
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
4.38%, 02/01/29 (Call 08/01/28)	USD	60		50,025
5.25%, 05/15/27 (Call 11/15/26)	USD	117		105,154
6.25%, 05/15/26 (Call 05/15/24)	USD	105		100,579
6.38%, 12/15/25 (Call 01/29/24)	USD	70		68,862
9.75%, 01/15/29 (Call 10/15/28)(a)(b)	USD	75		77,156
iHeartCommunications Inc.
4.75%, 01/15/28 (Call 01/15/25)(a)(b)	USD	50		37,300

12

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
5.25%, 08/15/27 (Call 08/15/24)(a)(b)	USD	70	$	54,425
6.38%, 05/01/26 (Call 05/01/24)	USD	75		64,500
8.38%, 05/01/27 (Call 05/01/24)(b)	USD	95		59,281
Imola Merger Corp., 4.75%, 05/15/29 (Call 05/15/24)(a)	USD	175		162,981
International Game Technology PLC
2.38%, 04/15/28 (Call 03/01/24)(c)	EUR	100		100,936
4.13%, 04/15/26 (Call 04/15/24)(a)	USD	75		72,442
5.25%, 01/15/29 (Call 01/15/25)(a)	USD	75		73,132
6.25%, 01/15/27 (Call 07/15/26)(a)	USD	60		60,282
6.50%, 02/15/25 (Call 08/15/24)(a)	USD	50		50,066
IQVIA Inc.
2.88%, 09/15/25 (Call 02/12/24)(c)	EUR	100		106,010
2.88%, 06/15/28 (Call 02/12/24)(c)	EUR	200		204,655
5.00%, 10/15/26 (Call 10/15/24)(a)	USD	50		49,028
5.00%, 05/15/27 (Call 05/15/24)(a)	USD	120		117,257
6.50%, 05/15/30 (Call 05/15/26)(a)	USD	75		76,162
Iron Mountain Inc.
4.50%, 02/15/31 (Call 02/15/26)(a)(b)	USD	105		93,999
4.88%, 09/15/27 (Call 09/15/24)(a)(b)	USD	95		91,682
4.88%, 09/15/29 (Call 09/15/24)(a)	USD	95		88,764
5.00%, 07/15/28 (Call 07/15/24)(a)	USD	25		23,888
5.25%, 03/15/28 (Call 12/27/24)(a)	USD	90		87,216
5.25%, 07/15/30 (Call 07/15/25)(a)(b)	USD	120		112,644
5.63%, 07/15/32 (Call 07/15/26)(a)	USD	60		56,309
7.00%, 02/15/29 (Call 08/15/25)(a)	USD	100		102,526
Iron Mountain Information Management Services Inc., 5.00%, 07/15/32 (Call 07/15/27)(a)	USD	80		71,962
ITT Holdings LLC, 6.50%, 08/01/29 (Call 08/01/24)(a)	USD	115		100,592
Jazz Securities DAC, 4.38%, 01/15/29 (Call 07/15/24)(a)	USD	130		119,772
Jefferies Finance LLC/JFIN Co-Issuer Corp., 5.00%, 08/15/28 (Call 08/15/24)(a)	USD	75		67,875
Kaiser Aluminum Corp.
4.50%, 06/01/31 (Call 06/01/26)(a)(b)	USD	60		51,143
4.63%, 03/01/28 (Call 03/01/24)(a)	USD	50		45,750
Kennedy-Wilson Inc.
4.75%, 03/01/29 (Call 03/01/24)	USD	55		46,046
4.75%, 02/01/30 (Call 09/01/24)	USD	50		40,654
5.00%, 03/01/31 (Call 03/01/26)(b)	USD	61		48,648
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 (Call 06/01/24)(a)	USD	75		73,406
Kinetik Holdings LP
5.88%, 06/15/30 (Call 06/15/25)(a)(b)	USD	95		93,344
6.63%, 12/15/28 (Call 12/15/25)(a)	USD	65		65,894
Kohl’s Corp., 4.63%, 05/01/31 (Call 02/01/31)(b)	USD	50		39,747
LABL Inc.
5.88%, 11/01/28 (Call 11/01/24)(a)	USD	50		44,422
6.75%, 07/15/26 (Call 07/15/24)(a)	USD	65		63,346
8.25%, 11/01/29 (Call 11/01/24)(a)(b)	USD	45		36,808
10.50%, 07/15/27 (Call 07/15/24)(a)	USD	70		66,934
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp.
4.25%, 02/01/27 (Call 02/01/24)(a)	USD	70		64,633
4.75%, 06/15/29 (Call 06/15/24)(a)	USD	53		47,507
Lamar Media Corp.
3.63%, 01/15/31 (Call 01/15/26)	USD	55		48,388
3.75%, 02/15/28 (Call 02/15/24)	USD	50		46,563

Security		Par (000)	Value
United States (continued)
4.00%, 02/15/30 (Call 02/15/25)	USD	60	$	54,906
4.88%, 01/15/29 (Call 01/15/25)(b)	USD	40		38,541
Lamb Weston Holdings Inc.
4.13%, 01/31/30 (Call 01/31/25)(a)(b)	USD	90		82,125
4.38%, 01/31/32 (Call 01/31/27)(a)	USD	70		62,879
4.88%, 05/15/28 (Call 11/15/27)(a)	USD	40		38,950
Las Vegas Sands Corp.
2.90%, 06/25/25 (Call 05/25/25)	USD	50		48,290
3.50%, 08/18/26 (Call 06/18/26)	USD	85		81,202
3.90%, 08/08/29 (Call 05/08/29)	USD	75		69,226
LBM Acquisition LLC, 6.25%, 01/15/29 (Call 01/15/25)(a)(b)	USD	80		72,600
LCM Investments Holdings II LLC
4.88%, 05/01/29 (Call 05/01/24)(a)	USD	100		90,101
8.25%, 08/01/31 (Call 08/01/26)(a)(b)	USD	55		56,650
LCPR Senior Secured Financing DAC
5.13%, 07/15/29 (Call 07/15/24)(a)	USD	75		66,004
6.75%, 10/15/27 (Call 10/15/24)(a)	USD	115		111,009
LD Holdings Group LLC
6.13%, 04/01/28 (Call 04/01/24)(a)	USD	50		40,656
6.50%, 11/01/25 (Call 11/01/24)(a)	USD	50		47,063
Legacy LifePoint Health LLC, 4.38%, 02/15/27 (Call 01/29/24)(a)(b)	USD	60		56,091
Level 3 Financing Inc.
3.40%, 03/01/27	USD	75		73,687
3.63%, 01/15/29	USD	85		44,625
3.75%, 07/15/29	USD	90		47,250
3.88%, 11/15/29	USD	75		74,062
4.25%, 07/01/28	USD	125		70,000
4.63%, 09/15/27	USD	95		58,425
10.50%, 05/15/30	USD	70		69,793
11.00%, 11/15/29	USD	168		169,390
Liberty Mutual Group Inc.
4.13%, 12/15/51 (Call 12/15/26), (5-year CMT + 3.315%)(a)(b)(d)	USD	50		43,833
4.30%, 02/01/61 (Call 02/03/26)(a)	USD	80		52,178
Life Time Inc.
5.75%, 01/15/26 (Call 01/15/25)(a)	USD	78		76,835
8.00%, 04/15/26 (Call 02/01/24)(a)(b)	USD	50		50,066
Lifepoint Health Inc., 5.38%, 01/15/29 (Call 01/15/25)(a)	USD	45		35,609
LifePoint Health Inc.
9.88%, 08/15/30 (Call 08/15/26)	USD	90		92,031
11.00%, 10/15/30 (Call 10/15/26)(a)	USD	100		106,451
Light & Wonder International Inc.
7.00%, 05/15/28 (Call 05/15/24)(a)	USD	80		79,906
7.25%, 11/15/29 (Call 11/15/24)(a)	USD	50		51,256
7.50%, 09/01/31 (Call 09/01/26)(a)	USD	50		51,945
Lithia Motors Inc.
3.88%, 06/01/29 (Call 06/01/24)(a)(b)	USD	80		71,800
4.38%, 01/15/31 (Call 10/15/25)(a)	USD	50		44,740
4.63%, 12/15/27 (Call 12/15/24)(a)(b)	USD	25		23,927
Live Nation Entertainment Inc.
3.75%, 01/15/28 (Call 01/29/24)(a)	USD	45		41,569
4.75%, 10/15/27 (Call 10/15/24)(a)(b)	USD	95		90,494
6.50%, 05/15/27 (Call 05/15/24)(a)	USD	110		110,678
Lumen Technologies Inc.
4.00%, 02/15/27	USD	125		64,687
4.50%, 01/15/29 (Call 01/15/25)(a)	USD	80		19,543
Macy’s Retail Holdings LLC
5.88%, 04/01/29 (Call 04/01/24)(a)(b)	USD	40		38,800

13

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
5.88%, 03/15/30 (Call 03/15/25)(a)(b)	USD	40	$	37,850
6.13%, 03/15/32 (Call 03/15/27)(a)	USD	45		42,501
Madison IAQ LLC
4.13%, 06/30/28 (Call 06/30/24)(a)	USD	75		68,872
5.88%, 06/30/29 (Call 06/30/24)(a)	USD	105		93,850
Matador Resources Co.
5.88%, 09/15/26 (Call 09/15/24)	USD	50		49,568
6.88%, 04/15/28 (Call 04/15/25)(a)	USD	45		45,949
Match Group Holdings II LLC
3.63%, 10/01/31 (Call 10/01/26)(a)(b)	USD	35		29,925
4.13%, 08/01/30 (Call 05/01/25)(a)(b)	USD	35		31,257
4.63%, 06/01/28 (Call 06/01/24)(a)	USD	60		56,479
5.00%, 12/15/27 (Call 12/15/24)(a)	USD	50		48,480
Mauser Packaging Solutions Holding Co.
7.88%, 08/15/26 (Call 08/15/24)(a)	USD	250		252,812
9.25%, 04/15/27 (Call 10/15/24)(a)	USD	135		130,275
McAfee Corp., 7.38%, 02/15/30 (Call 02/15/25)(a)	USD	210		190,325
McGraw-Hill Education Inc.
5.75%, 08/01/28 (Call 08/01/24)(a)	USD	75		70,676
8.00%, 08/01/29 (Call 08/01/24)(a)(b)	USD	80		73,806
Medline Borrower LP
3.88%, 04/01/29 (Call 10/01/24)(a)	USD	430		389,150
5.25%, 10/01/29 (Call 10/01/24)(a)(b)	USD	240		223,275
MGM Resorts International
4.63%, 09/01/26 (Call 06/01/26)	USD	57		55,404
4.75%, 10/15/28 (Call 07/15/28)(b)	USD	65		61,298
5.50%, 04/15/27 (Call 01/15/27)	USD	66		64,946
5.75%, 06/15/25 (Call 03/15/25)	USD	65		65,020
6.75%, 05/01/25 (Call 05/01/24)	USD	60		60,109
Michaels Companies Inc. (The)
5.25%, 05/01/28 (Call 11/01/24)(a)(b)	USD	90		70,215
7.88%, 05/01/29 (Call 04/01/24)(a)	USD	115		73,528
Midcap Financial Issuer Trust
5.63%, 01/15/30 (Call 01/15/25)(a)	USD	40		34,254
6.50%, 05/01/28 (Call 05/01/24)(a)	USD	90		81,998
ModivCare Escrow Issuer Inc., 5.00%, 10/01/29 (Call 10/01/24)(a)(b)	USD	60		48,600
ModivCare Inc., 5.88%, 11/15/25 (Call 11/01/24)(a)	USD	50		49,379
Mohegan Tribal Gaming Authority, 8.00%, 02/01/26 (Call 02/01/24)(a)	USD	100		93,930
Molina Healthcare Inc.
3.88%, 11/15/30 (Call 08/17/30)(a)	USD	50		43,816
3.88%, 05/15/32 (Call 02/15/32)(a)	USD	85		72,689
4.38%, 06/15/28 (Call 01/29/24)(a)	USD	55		51,442
Moss Creek Resources Holdings Inc.
7.50%, 01/15/26 (Call 01/29/24)(a)	USD	55		54,815
10.50%, 05/15/27 (Call 05/15/24)(a)	USD	50		51,375
MPH Acquisition Holdings LLC
5.50%, 09/01/28 (Call 09/01/24)(a)	USD	100		88,625
5.75%, 11/01/28 (Call 11/01/24)(a)(b)	USD	90		71,726
MPT Operating Partnership LP/MPT Finance Corp.
3.33%, 03/24/25 (Call 12/24/24)	EUR	100		96,415
3.38%, 04/24/30 (Call 01/24/30)	GBP	125		92,442
3.50%, 03/15/31 (Call 03/15/26)(b)	USD	110		67,375
4.63%, 08/01/29 (Call 08/01/24)(b)	USD	100		67,664
5.00%, 10/15/27 (Call 09/07/24)(b)	USD	135		101,962
5.25%, 08/01/26 (Call 08/01/24)(b)	USD	50		42,341
Murphy Oil Corp.
5.88%, 12/01/27 (Call 12/01/24)	USD	45		44,495
6.38%, 07/15/28 (Call 07/15/24)	USD	36		35,958

Security		Par (000)	Value
United States (continued)
Murphy Oil USA Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	55	$	47,713
4.75%, 09/15/29 (Call 09/15/24)	USD	25		23,680
Nabors Industries Inc.
7.38%, 05/15/27 (Call 05/15/24)(a)	USD	60		58,941
9.13%, 01/31/30 (Call 05/31/26)(a)(b)	USD	70		71,195
Nabors Industries Ltd., 7.25%, 01/15/26 (Call 07/15/24)(a)	USD	60		58,763
Nationstar Mortgage Holdings Inc.
5.13%, 12/15/30 (Call 12/15/25)(a)(b)	USD	60		54,013
5.50%, 08/15/28 (Call 08/15/24)(a)	USD	75		71,044
5.75%, 11/15/31 (Call 11/15/26)(a)(b)	USD	85		78,297
6.00%, 01/15/27 (Call 01/15/25)(a)	USD	65		63,916
7.13%, 02/01/32 (Call 02/01/27)(a)	USD	20		19,850
Navient Corp.
4.88%, 03/15/28 (Call 06/15/27)	USD	55		49,913
5.00%, 03/15/27 (Call 09/15/26)	USD	60		57,205
5.50%, 03/15/29 (Call 06/15/28)	USD	65		58,662
6.75%, 06/25/25	USD	50		50,315
6.75%, 06/15/26	USD	50		50,248
9.38%, 07/25/30 (Call 10/25/29)	USD	45		46,900
11.50%, 03/15/31 (Call 03/15/27)	USD	50		54,632
NCL Corp. Ltd.
5.88%, 03/15/26 (Call 12/15/25)(a)(b)	USD	130		126,831
5.88%, 02/15/27 (Call 02/15/24)(a)	USD	95		93,314
7.75%, 02/15/29 (Call 11/15/28)(a)	USD	60		60,600
8.13%, 01/15/29 (Call 01/15/26)(a)	USD	75		78,398
8.38%, 02/01/28 (Call 02/01/25)(a)	USD	65		67,945
NCL Finance Ltd., 6.13%, 03/15/28 (Call 12/15/27)(a)(b)	USD	50		47,766
NCR Atleos Corp., 9.50%, 04/01/29 (Call 10/01/26)(a)	USD	125		133,949
NCR Voyix Corp.
5.00%, 10/01/28 (Call 01/29/24)(a)	USD	70		65,803
5.13%, 04/15/29 (Call 04/15/24)(a)	USD	110		102,445
5.25%, 10/01/30 (Call 10/01/25)(a)	USD	40		36,796
Neptune Bidco U.S. Inc., 9.29%, 04/15/29 (Call 10/15/25)(a)	USD	250		238,156
New Fortress Energy Inc.
6.50%, 09/30/26 (Call 03/31/24)(a)	USD	135		130,629
6.75%, 09/15/25 (Call 09/15/24)(a)	USD	125		123,164
Newell Brands Inc.
4.88%, 06/01/25 (Call 05/01/25)	USD	50		49,045
5.20%, 04/01/26 (Call 01/01/26)(b)	USD	195		189,637
6.38%, 09/15/27 (Call 06/15/27)(b)	USD	35		34,418
6.63%, 09/15/29 (Call 06/15/29)	USD	60		58,441
Newfold Digital Holdings Group Inc.
6.00%, 02/15/29 (Call 02/15/24)(a)	USD	65		48,913
11.75%, 10/15/28 (Call 10/15/25)(a)	USD	55		59,690
News Corp.
3.88%, 05/15/29 (Call 05/15/24)(a)(b)	USD	85		78,016
5.13%, 02/15/32 (Call 02/15/27)(a)	USD	60		56,309
Nexstar Media Inc.
4.75%, 11/01/28 (Call 11/01/24)(a)(b)	USD	95		86,925
5.63%, 07/15/27 (Call 07/15/24)(a)	USD	150		145,587
NextEra Energy Operating Partners LP
3.88%, 10/15/26 (Call 07/15/26)(a)	USD	50		47,235
4.50%, 09/15/27 (Call 06/15/27)(a)(b)	USD	35		32,859
7.25%, 01/15/29 (Call 10/15/28)(a)	USD	75		77,250

14

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
NFP Corp.
4.88%, 08/15/28 (Call 08/15/24)(a)	USD	35	$	34,577
6.88%, 08/15/28 (Call 08/15/24)(a)	USD	195		196,133
NGL Energy Operating LLC/NGL Energy Finance Corp.
7.50%, 02/01/26 (Call 02/01/24)(a)	USD	195		198,510
8.13%, 02/15/29 (Call 02/15/26)(a)	USD	30		30,137
8.38%, 02/15/32 (Call 02/15/27)(a)	USD	40		40,300
NMG Holding Co. Inc./Neiman Marcus Group LLC, 7.13%, 04/01/26 (Call 04/01/24)(a)	USD	110		107,250
Nordstrom Inc.
4.25%, 08/01/31 (Call 05/01/31)(b)	USD	40		33,281
4.38%, 04/01/30 (Call 01/01/30)(b)	USD	55		47,847
Northern Oil and Gas Inc.
8.13%, 03/01/28 (Call 03/01/24)(a)	USD	50		50,970
8.75%, 06/15/31 (Call 06/15/26)(a)	USD	65		68,104
Novelis Corp.
3.25%, 11/15/26 (Call 11/15/24)(a)	USD	65		60,861
3.88%, 08/15/31 (Call 08/15/26)(a)	USD	70		60,651
4.75%, 01/30/30 (Call 01/30/25)(a)	USD	145		134,487
Novelis Sheet Ingot GmbH, 3.38%, 04/15/29 (Call 04/15/24)(c)	EUR	100		100,530
NRG Energy Inc.
3.38%, 02/15/29 (Call 02/15/24)(a)	USD	35		30,984
3.63%, 02/15/31 (Call 02/15/26)(a)	USD	105		90,023
3.88%, 02/15/32 (Call 02/15/27)(a)	USD	61		51,976
5.25%, 06/15/29 (Call 06/15/24)(a)	USD	65		62,323
5.75%, 01/15/28 (Call 01/15/25)	USD	55		54,395
NuStar Logistics LP
5.63%, 04/28/27 (Call 01/28/27)	USD	45		44,568
5.75%, 10/01/25 (Call 07/01/25)	USD	55		54,940
6.00%, 06/01/26 (Call 03/01/26)	USD	35		34,920
6.38%, 10/01/30 (Call 04/01/30)	USD	60		60,397
Office Properties Income Trust
3.45%, 10/15/31 (Call 07/15/31)(b)	USD	45		22,217
4.50%, 02/01/25 (Call 11/01/24)	USD	45		38,618
OI European Group BV
4.75%, 02/15/30 (Call 11/15/24)(a)(b)	USD	40		37,020
6.25%, 05/15/28 (Call 05/15/25)(c)	EUR	100		112,377
Olin Corp.
5.00%, 02/01/30 (Call 02/01/24)(b)	USD	50		47,139
5.13%, 09/15/27 (Call 03/15/24)	USD	40		38,932
5.63%, 08/01/29 (Call 08/01/24)(b)	USD	60		59,084
Olympus Water U.S. Holding Corp.
3.88%, 10/01/28 (Call 10/01/24)(c)	EUR	100		100,293
4.25%, 10/01/28 (Call 10/01/24)(a)	USD	125		113,750
9.75%, 11/15/28 (Call 06/01/25)(a)	USD	200		211,516
OneMain Finance Corp.
3.50%, 01/15/27 (Call 01/15/25)	USD	75		68,447
3.88%, 09/15/28 (Call 09/15/24)	USD	60		52,544
4.00%, 09/15/30 (Call 09/15/25)	USD	75		63,367
5.38%, 11/15/29 (Call 05/15/29)(b)	USD	70		64,707
6.63%, 01/15/28 (Call 07/15/27)(b)	USD	75		74,626
6.88%, 03/15/25	USD	120		120,497
7.13%, 03/15/26	USD	135		136,856
7.88%, 03/15/30 (Call 12/15/26)	USD	70		71,079
9.00%, 01/15/29 (Call 07/15/25)	USD	85		89,516
Organon & Co./Organon Foreign Debt Co.-Issuer BV
4.13%, 04/30/28 (Call 04/30/24)(a)	USD	200		182,191
5.13%, 04/30/31 (Call 04/30/26)(a)	USD	200		172,000

Security		Par (000)	Value
United States (continued)
2.88%, 04/30/28 (Call 04/30/24)(c)	EUR	150	$	150,507
Outfront Media Capital LLC/Outfront Media Capital Corp.
4.25%, 01/15/29 (Call 01/15/25)(a)(b)	USD	35		31,196
4.63%, 03/15/30 (Call 03/15/25)(a)	USD	50		44,000
5.00%, 08/15/27 (Call 08/15/24)(a)(b)	USD	55		52,846
7.38%, 02/15/31 (Call 11/15/26)(a)	USD	40		41,903
Owens & Minor Inc.
4.50%, 03/31/29 (Call 03/31/24)(a)(b)	USD	50		43,977
6.63%, 04/01/30 (Call 04/01/25)(a)(b)	USD	50		47,703
Owens-Brockway Glass Container Inc.
6.63%, 05/13/27 (Call 05/15/24)(a)	USD	60		59,918
7.25%, 05/15/31 (Call 05/15/26)(a)	USD	55		55,279
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc.
4.00%, 10/15/27 (Call 10/15/24)(a)	USD	100		93,312
4.38%, 10/15/28 (Call 10/15/24)(a)	USD	50		46,645
Paramount Global
6.25%, 02/28/57 (Call 02/28/27), (3-mo. LIBOR US + 3.899%)(d)	USD	55		47,625
6.38%, 03/30/62 (Call 03/30/27), (5-year CMT + 3.999%)(b)(d)	USD	95		84,722
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer
4.88%, 05/15/29 (Call 05/15/24)(a)	USD	70		64,504
5.88%, 10/01/28 (Call 10/01/24)(a)	USD	50		48,742
7.50%, 06/01/25 (Call 06/01/24)(a)	USD	60		60,330
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28 (Call 02/15/24)(b)	USD	70		68,578
7.88%, 09/15/30 (Call 09/15/26)(a)	USD	50		51,864
PennyMac Financial Services Inc.
4.25%, 02/15/29 (Call 02/15/24)(a)	USD	75		67,680
5.38%, 10/15/25 (Call 10/15/24)(a)	USD	50		49,125
5.75%, 09/15/31 (Call 09/15/26)(a)	USD	45		41,656
7.88%, 12/15/29 (Call 12/15/26)(a)	USD	65		67,011
Penske Automotive Group Inc.
3.50%, 09/01/25 (Call 09/01/24)	USD	30		29,175
3.75%, 06/15/29 (Call 06/15/24)	USD	50		44,600
Performance Food Group Inc.
4.25%, 08/01/29 (Call 08/01/24)(a)(b)	USD	95		87,050
5.50%, 10/15/27 (Call 10/15/24)(a)	USD	105		102,382
Permian Resources Operating LLC
5.88%, 07/01/29 (Call 07/01/24)(a)(b)	USD	70		68,430
7.00%, 01/15/32 (Call 01/15/27)(a)	USD	95		97,806
8.00%, 04/15/27 (Call 04/15/24)(a)	USD	50		51,748
9.88%, 07/15/31 (Call 07/15/26)(a)	USD	55		61,050
Perrigo Finance Unlimited Co.
4.38%, 03/15/26 (Call 12/15/25)	USD	65		63,557
4.65%, 06/15/30 (Call 03/15/30)	USD	60		55,326
PetSmart Inc./PetSmart Finance Corp.
4.75%, 02/15/28 (Call 02/15/24)(a)	USD	100		93,030
7.75%, 02/15/29 (Call 02/15/24)(a)	USD	125		120,790
PG&E Corp.
5.00%, 07/01/28 (Call 07/01/24)(b)	USD	85		82,131
5.25%, 07/01/30 (Call 06/15/25)	USD	105		99,882
Pike Corp., 8.63%, 01/31/31 (Call 01/31/27)(a)	USD	80		84,548
Pilgrim’s Pride Corp.
3.50%, 03/01/32 (Call 09/01/26)	USD	75		63,286
4.25%, 04/15/31 (Call 04/15/26)	USD	90		81,081
6.25%, 07/01/33 (Call 04/01/33)	USD	100		102,260
6.88%, 05/15/34 (Call 02/15/34)	USD	50		53,369

15

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
Post Holdings Inc.
4.50%, 09/15/31 (Call 09/15/26)(a)	USD	100	$	89,950
4.63%, 04/15/30 (Call 04/15/25)(a)	USD	130		119,275
5.50%, 12/15/29 (Call 12/15/24)(a)(b)	USD	130		125,742
5.63%, 01/15/28 (Call 12/01/24)(a)	USD	90		88,548
5.75%, 03/01/27 (Call 03/01/24)(a)	USD	25		24,894
PRA Group Inc., 8.38%, 02/01/28 (Call 02/01/25)(a)	USD	40		38,218
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp.
5.63%, 09/01/29 (Call 09/01/24)(a)	USD	65		48,691
5.88%, 09/01/31 (Call 09/01/26)(a)	USD	75		54,455
Presidio Holdings Inc.
4.88%, 02/01/27 (Call 02/01/24)(a)(b)	USD	50		48,518
8.25%, 02/01/28 (Call 02/01/24)(a)	USD	55		54,523
Prestige Brands Inc.
3.75%, 04/01/31 (Call 04/01/26)(a)	USD	60		52,044
5.13%, 01/15/28 (Call 01/15/25)(a)	USD	35		34,177
Prime Security Services Borrower LLC/Prime Finance Inc.
3.38%, 08/31/27 (Call 08/31/26)(a)	USD	80		73,700
5.75%, 04/15/26(a)	USD	135		134,985
6.25%, 01/15/28 (Call 01/15/25)(a)(b)	USD	130		128,749
PTC Inc.
3.63%, 02/15/25 (Call 02/15/24)(a)	USD	50		49,000
4.00%, 02/15/28 (Call 02/15/24)(a)	USD	25		23,610
QVC Inc.
4.38%, 09/01/28 (Call 06/01/28)	USD	40		29,570
4.45%, 02/15/25 (Call 11/15/24)(b)	USD	60		58,143
4.75%, 02/15/27 (Call 11/15/26)(b)	USD	45		37,570
Rackspace Technology Global Inc., 5.38%, 12/01/28 (Call 12/01/24)(a)	USD	20		5,967
Radiate Holdco LLC/Radiate Finance Inc.
4.50%, 09/15/26 (Call 09/15/24)(a)	USD	90		69,525
6.50%, 09/15/28 (Call 09/15/24)(a)	USD	90		38,700
Radiology Partners Inc., 9.25%, 02/01/28 (Call 02/01/24)(a)	USD	60		39,400
Range Resources Corp.
4.75%, 02/15/30 (Call 02/15/25)(a)(b)	USD	35		32,559
4.88%, 05/15/25 (Call 02/15/25)	USD	70		69,030
8.25%, 01/15/29 (Call 01/15/25)	USD	55		57,147
Realogy Group LLC/Realogy Co-Issuer Corp.
5.25%, 04/15/30 (Call 04/15/25)(a)	USD	5		3,513
5.75%, 01/15/29 (Call 01/15/25)(a)	USD	26		19,273
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 01/29/24)(a)(b)	USD	130		129,675
Resorts World Las Vegas LLC/RWLV Capital Inc.
4.63%, 04/16/29 (Call 01/16/29)(a)	USD	100		88,875
8.45%, 07/27/30 (Call 05/27/30)(a)	USD	25		26,348
RHP Hotel Properties LP/RHP Finance Corp.
4.50%, 02/15/29 (Call 02/15/24)(a)	USD	45		41,850
4.75%, 10/15/27 (Call 10/15/24)	USD	65		62,542
7.25%, 07/15/28 (Call 07/15/25)(a)	USD	40		41,441
RLJ Lodging Trust LP
3.75%, 07/01/26 (Call 07/01/24)(a)	USD	50		47,402
4.00%, 09/15/29 (Call 09/15/24)(a)	USD	40		35,542
ROBLOX Corp., 3.88%, 05/01/30 (Call 11/01/24)(a)	USD	100		87,910

Security		Par (000)	Value
United States (continued)
Rocket Mortgage LLC/Rocket Mortgage Co-Issuer Inc.
2.88%, 10/15/26 (Call 10/15/24)(a)	USD	120	$	110,108
3.63%, 03/01/29 (Call 03/09/24)(a)	USD	75		66,661
3.88%, 03/01/31 (Call 03/01/26)(a)(b)	USD	105		92,146
4.00%, 10/15/33 (Call 10/15/27)(a)(b)	USD	90		76,153
Rockies Express Pipeline LLC
3.60%, 05/15/25 (Call 04/15/25)(a)	USD	35		33,960
4.95%, 07/15/29 (Call 04/15/29)(a)	USD	45		43,016
RP Escrow Issuer LLC, 5.25%, 12/15/25 (Call 12/15/24)(a)(b)	USD	70		62,900
Sabre GLBL Inc.
8.63%, 06/01/27 (Call 03/01/25)(a)	USD	75		70,027
11.25%, 12/15/27 (Call 06/15/25)(a)(b)	USD	60		59,812
SBA Communications Corp.
3.13%, 02/01/29 (Call 02/01/24)(b)	USD	140		124,775
3.88%, 02/15/27 (Call 02/15/24)(b)	USD	145		138,483
SCIH Salt Holdings Inc.
4.88%, 05/01/28 (Call 05/01/24)(a)	USD	125		115,570
6.63%, 05/01/29 (Call 05/01/24)(a)(b)	USD	50		45,250
SCIL IV LLC/SCIL USA Holdings LLC, 9.50%, 07/15/28 (Call 07/15/25)(c)	EUR	100		116,608
Scotts Miracle-Gro Co. (The)
4.00%, 04/01/31 (Call 04/01/26)(b)	USD	45		37,924
4.38%, 02/01/32 (Call 08/01/26)	USD	40		33,516
4.50%, 10/15/29 (Call 10/15/24)(b)	USD	45		40,032
Scripps Escrow II Inc., 3.88%, 01/15/29 (Call 01/15/25)(a)(b)	USD	45		38,745
Scripps Escrow Inc., 5.88%, 07/15/27 (Call 07/15/24)(a)	USD	35		31,496
Seagate HDD Cayman
4.09%, 06/01/29 (Call 03/01/29)	USD	45		41,513
4.88%, 06/01/27 (Call 03/01/27)	USD	60		58,782
8.25%, 12/15/29 (Call 05/30/26)(a)	USD	55		59,249
8.50%, 07/15/31 (Call 07/15/26)(a)(b)	USD	40		43,330
9.63%, 12/01/32 (Call 12/01/27)	USD	97		111,781
Sealed Air Corp.
4.00%, 12/01/27 (Call 09/01/27)(a)(b)	USD	48		44,879
5.00%, 04/15/29 (Call 04/15/25)(a)(b)	USD	60		57,734
5.50%, 09/15/25 (Call 06/15/25)(a)	USD	35		35,047
Sealed Air Corp./Sealed Air Corp. U.S., 7.25%, 02/15/31 (Call 11/15/26)(a)(b)	USD	50		52,477
Sealed Air Corp./Sealed Air Corp. US, 6.13%, 02/01/28 (Call 02/01/24)(a)	USD	70		70,303
Select Medical Corp., 6.25%, 08/15/26 (Call 08/15/24)(a)(b)	USD	115		114,760
Sensata Technologies BV
4.00%, 04/15/29 (Call 03/18/24)(a)	USD	95		86,684
5.00%, 10/01/25(a)	USD	70		69,383
5.88%, 09/01/30 (Call 09/01/25)(a)	USD	50		49,305
Sensata Technologies Inc.
3.75%, 02/15/31 (Call 02/15/26)(a)	USD	80		69,600
4.38%, 02/15/30 (Call 11/15/29)(a)	USD	50		46,021
Service Corp. International/U.S.
3.38%, 08/15/30 (Call 08/15/25)	USD	75		65,230
4.00%, 05/15/31 (Call 05/15/26)	USD	80		71,045
4.63%, 12/15/27 (Call 12/15/24)	USD	50		48,420
5.13%, 06/01/29 (Call 06/01/24)(b)	USD	75		73,307
Service Properties Trust
3.95%, 01/15/28 (Call 07/15/27)	USD	40		33,729
4.38%, 02/15/30 (Call 08/15/29)	USD	35		27,136

16

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
4.75%, 10/01/26 (Call 08/01/26)	USD	50	$	46,412
4.95%, 02/15/27 (Call 08/15/26)	USD	45		41,175
4.95%, 10/01/29 (Call 07/01/29)(b)	USD	60		49,650
5.50%, 12/15/27 (Call 09/15/27)	USD	40		37,562
7.50%, 09/15/25 (Call 06/15/25)	USD	100		101,500
8.63%, 11/15/31 (Call 11/15/26)(a)	USD	95		100,248
Silgan Holdings Inc.
3.25%, 03/15/25 (Call 03/01/24)	EUR	100		106,877
4.13%, 02/01/28 (Call 10/01/24)(b)	USD	35		32,775
Sinclair Television Group Inc.
4.13%, 12/01/30 (Call 12/01/25)(a)	USD	80		61,800
5.50%, 03/01/30 (Call 12/01/24)(a)	USD	40		30,758
Sirius XM Radio Inc.
3.13%, 09/01/26 (Call 09/01/24)(a)	USD	90		84,037
3.88%, 09/01/31 (Call 09/01/26)(a)(b)	USD	140		116,462
4.00%, 07/15/28 (Call 07/15/24)(a)	USD	200		181,247
4.13%, 07/01/30 (Call 07/01/25)(a)(b)	USD	155		135,625
5.00%, 08/01/27 (Call 08/01/24)(a)	USD	140		134,298
5.50%, 07/01/29 (Call 07/01/24)(a)	USD	105		99,750
Six Flags Entertainment Corp.
5.50%, 04/15/27 (Call 04/15/24)(a)(b)	USD	40		39,873
7.25%, 05/15/31 (Call 05/03/26)(a)(b)	USD	80		81,600
SLM Corp.
3.13%, 11/02/26 (Call 10/02/26)	USD	25		23,408
4.20%, 10/29/25 (Call 09/29/25)	USD	50		48,845
SM Energy Co.
6.50%, 07/15/28 (Call 07/15/24)	USD	30		29,843
6.63%, 01/15/27 (Call 01/15/25)	USD	60		59,920
Smyrna Ready Mix Concrete LLC
6.00%, 11/01/28 (Call 11/01/24)(a)	USD	105		102,021
8.88%, 11/15/31 (Call 11/15/26)(a)	USD	105		110,250
Sonic Automotive Inc.
4.63%, 11/15/29 (Call 11/15/24)(a)(b)	USD	40		36,212
4.88%, 11/15/31 (Call 11/15/26)(a)(b)	USD	52		44,983
Sotheby’s, 7.38%, 10/15/27 (Call 10/15/24)(a)	USD	75		72,000
Southwestern Energy Co.
4.75%, 02/01/32 (Call 02/01/27)(b)	USD	125		115,790
5.38%, 02/01/29 (Call 02/01/24)	USD	50		48,819
5.38%, 03/15/30 (Call 03/15/25)(b)	USD	115		111,102
Spectrum Brands Inc., 3.88%, 03/15/31 (Call 03/15/26)(a)(b)	USD	30		27,788
Spirit AeroSystems Inc.
4.60%, 06/15/28 (Call 03/15/28)	USD	70		60,149
9.38%, 11/30/29 (Call 11/30/25)(a)	USD	90		97,537
9.75%, 11/15/30 (Call 11/15/26)(a)	USD	115		121,181
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd.
8.00%, 09/20/25 (Call 09/20/24)(a)	USD	50		32,625
8.00%, 09/20/25 (Call 09/20/24)(a)(b)	USD	45		29,363
SRS Distribution Inc.
4.63%, 07/01/28 (Call 07/01/24)(a)	USD	65		60,627
6.00%, 12/01/29 (Call 12/01/24)(a)(b)	USD	60		56,038
6.13%, 07/01/29 (Call 07/01/24)(a)	USD	50		47,316
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 03/30/24)(a)	USD	195		191,114
Stagwell Global LLC, 5.63%, 08/15/29 (Call 08/15/24)(a)(b)	USD	85		77,780
Standard Industries Inc./NJ
2.25%, 11/21/26 (Call 08/21/26)(c)	EUR	100		101,261
3.38%, 01/15/31 (Call 07/15/25)(a)	USD	95		80,674
4.38%, 07/15/30 (Call 07/15/25)(a)	USD	160		144,977
4.75%, 01/15/28 (Call 01/15/25)(a)	USD	85		81,288

Security		Par (000)	Value
United States (continued)
5.00%, 02/15/27 (Call 02/15/24)(a)	USD	80	$	77,706
Staples Inc.
7.50%, 04/15/26 (Call 04/15/24)(a)	USD	200		187,460
10.75%, 04/15/27 (Call 04/15/24)(a)	USD	85		65,875
Star Parent Inc., 9.00%, 10/01/30 (Call 10/01/26)(a)(b)	USD	100		105,208
Starwood Property Trust Inc.
3.63%, 07/15/26 (Call 01/15/26)(a)	USD	50		46,524
4.38%, 01/15/27 (Call 07/15/26)(a)(b)	USD	70		64,750
Station Casinos LLC
4.50%, 02/15/28 (Call 02/15/24)(a)	USD	70		65,827
4.63%, 12/01/31 (Call 06/01/31)(a)(b)	USD	55		49,228
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 (Call 06/01/26)(a)	USD	65		58,423
Summit Materials LLC/Summit Materials Finance Corp.
5.25%, 01/15/29 (Call 07/15/24)(a)	USD	70		67,697
7.25%, 01/15/31 (Call 01/15/27)(a)	USD	80		83,106
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29 (Call 05/15/24)	USD	75		69,883
4.50%, 04/30/30 (Call 04/30/25)	USD	83		76,707
5.88%, 03/15/28 (Call 03/15/24)	USD	25		24,846
6.00%, 04/15/27 (Call 04/15/24)	USD	50		49,972
7.00%, 09/15/28 (Call 09/15/25)(a)	USD	45		46,071
Synchrony Financial, 7.25%, 02/02/33 (Call 11/02/32)	USD	60		59,878
Talen Energy Supply LLC, 8.63%, 06/01/30 (Call 06/01/26)(a)	USD	110		116,339
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp.
5.50%, 01/15/28 (Call 01/15/25)(a)	USD	70		66,745
6.00%, 03/01/27 (Call 03/01/24)(a)	USD	40		39,350
6.00%, 12/31/30 (Call 12/31/25)(a)	USD	65		60,231
6.00%, 09/01/31 (Call 09/01/26)(a)	USD	55		50,815
7.38%, 02/15/29 (Call 02/16/26)(a)	USD	80		79,659
Talos Production Inc.
9.00%, 02/01/29 (Call 02/01/26)(a)	USD	10		10,138
9.38%, 02/01/31 (Call 02/01/27)(a)	USD	20		20,450
Taylor Morrison Communities Inc.
5.13%, 08/01/30 (Call 02/01/30)(a)(b)	USD	45		43,008
5.75%, 01/15/28 (Call 10/15/27)(a)	USD	40		39,759
5.88%, 06/15/27 (Call 03/15/27)(a)	USD	35		34,891
TEGNA Inc.
4.63%, 03/15/28 (Call 03/15/24)	USD	100		93,145
4.75%, 03/15/26 (Call 03/15/24)(a)	USD	55		53,732
5.00%, 09/15/29 (Call 09/15/24)	USD	105		96,713
Teleflex Inc., 4.25%, 06/01/28 (Call 06/01/24)(a)	USD	90		85,194
Tempur Sealy International Inc., 3.88%, 10/15/31 (Call 10/15/26)(a)(b)	USD	125		105,476
Tenet Healthcare Corp.
4.25%, 06/01/29 (Call 06/01/24)	USD	135		125,332
4.38%, 01/15/30 (Call 12/01/24)	USD	130		120,207
4.63%, 06/15/28 (Call 06/15/24)	USD	60		56,965
4.88%, 01/01/26 (Call 03/01/24)	USD	200		198,192
5.13%, 11/01/27 (Call 11/01/24)	USD	145		140,660
6.13%, 10/01/28 (Call 10/01/24)(b)	USD	235		233,825
6.13%, 06/15/30 (Call 06/15/25)	USD	185		185,129
6.25%, 02/01/27 (Call 02/01/24)	USD	145		144,714
6.75%, 05/15/31 (Call 05/16/26)(a)	USD	130		133,045
Tenneco Inc., 8.00%, 11/17/28 (Call 11/17/24)(a)	USD	175		152,826

17

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
TerraForm Power Operating LLC
4.75%, 01/15/30 (Call 01/15/25)(a)	USD	60	$	55,511
5.00%, 01/31/28 (Call 07/31/27)(a)	USD	60		57,829
TKC Holdings Inc.
6.88%, 05/15/28 (Call 05/15/24)(a)	USD	35		31,938
10.50%, 05/15/29 (Call 05/15/24)(a)	USD	65		58,987
TransDigm Inc.
4.63%, 01/15/29 (Call 01/15/25)	USD	100		93,324
4.88%, 05/01/29 (Call 05/01/24)(b)	USD	75		70,105
5.50%, 11/15/27 (Call 11/15/24)	USD	245		238,948
6.25%, 03/15/26 (Call 03/15/24)(a)	USD	405		401,991
6.75%, 08/15/28 (Call 02/15/25)(a)	USD	195		198,110
6.88%, 12/15/30 (Call 08/18/26)(a)	USD	150		153,582
7.13%, 12/01/31 (Call 12/01/26)(a)	USD	95		99,085
7.50%, 03/15/27 (Call 03/15/24)	USD	60		60,157
Transocean Inc.
7.50%, 01/15/26 (Call 01/09/24)(a)	USD	55		54,340
8.75%, 02/15/30 (Call 02/15/26)(a)	USD	138		143,892
11.50%, 01/30/27 (Call 07/30/24)(a)	USD	60		62,692
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/01/24)(a)	USD	53		52,505
Transocean Titan Financing Ltd., 8.38%, 02/01/28 (Call 02/01/25)(a)	USD	75		77,344
Travel + Leisure Co.
4.50%, 12/01/29 (Call 09/01/29)(a)(b)	USD	65		59,364
6.00%, 04/01/27 (Call 01/01/27)	USD	50		50,041
6.63%, 07/31/26 (Call 04/30/26)(a)	USD	60		60,600
Triumph Group Inc.
7.75%, 08/15/25 (Call 01/29/24)	USD	52		52,033
9.00%, 03/15/28 (Call 03/15/25)(a)	USD	110		116,232
Tronox Inc., 4.63%, 03/15/29 (Call 03/15/24)(a)(b)	USD	105		92,641
Twilio Inc.
3.63%, 03/15/29 (Call 03/15/24)	USD	50		45,127
3.88%, 03/15/31 (Call 03/15/26)	USD	50		43,976
U.S. Foods Inc.
4.63%, 06/01/30 (Call 06/01/25)(a)	USD	55		51,288
4.75%, 02/15/29 (Call 02/15/24)(a)	USD	90		85,394
6.88%, 09/15/28 (Call 09/15/25)(a)	USD	45		46,197
7.25%, 01/15/32 (Call 09/15/26)(a)	USD	45		47,138
Uber Technologies Inc.
4.50%, 08/15/29 (Call 08/15/24)(a)(b)	USD	135		127,533
6.25%, 01/15/28 (Call 01/09/24)(a)(b)	USD	60		60,045
7.50%, 09/15/27 (Call 09/15/24)(a)	USD	100		102,187
8.00%, 11/01/26 (Call 11/01/24)(a)	USD	145		147,588
UGI International LLC, 2.50%, 12/01/29 (Call 12/01/24)(c)	EUR	100		95,032
United Airlines Inc.
4.38%, 04/15/26 (Call 10/15/25)(a)	USD	175		168,525
4.63%, 04/15/29 (Call 10/15/25)(a)	USD	190		176,001
United Rentals North America Inc.
3.75%, 01/15/32 (Call 07/15/26)(b)	USD	80		70,160
3.88%, 11/15/27 (Call 01/09/24)	USD	75		71,464
3.88%, 02/15/31 (Call 08/15/25)	USD	100		90,053
4.00%, 07/15/30 (Call 07/15/25)(b)	USD	70		64,037
4.88%, 01/15/28 (Call 01/15/25)(b)	USD	145		141,556
5.25%, 01/15/30 (Call 01/15/25)	USD	65		63,732
5.50%, 05/15/27 (Call 05/15/24)(b)	USD	47		46,895
United Wholesale Mortgage LLC
5.50%, 11/15/25 (Call 11/15/24)(a)	USD	75		74,158
5.50%, 04/15/29 (Call 03/30/24)(a)(b)	USD	50		46,925
5.75%, 06/15/27 (Call 06/15/24)(a)	USD	60		58,610

Security		Par (000)	Value
United States (continued)
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC, 6.00%, 01/15/30 (Call 01/15/25)(a)(b)	USD	75	$	49,688
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC
4.75%, 04/15/28 (Call 04/15/24)(a)	USD	40		34,031
6.50%, 02/15/29 (Call 02/15/24)(a)	USD	105		73,778
10.50%, 02/15/28 (Call 09/15/25)(a)	USD	254		258,387
Univision Communications Inc.
4.50%, 05/01/29 (Call 05/01/24)(a)	USD	105		93,187
6.63%, 06/01/27 (Call 06/01/24)(a)	USD	140		138,226
7.38%, 06/30/30 (Call 06/30/25)(a)	USD	90		88,229
8.00%, 08/15/28 (Call 08/15/25)(a)	USD	110		111,787
USA Compression Partners LP/USA Compression Finance Corp.
6.88%, 04/01/26 (Call 04/01/24)	USD	65		64,594
6.88%, 09/01/27 (Call 09/01/24)	USD	55		54,860
Valaris Ltd., 8.38%, 04/30/30 (Call 04/30/26)(a)	USD	95		97,348
Valvoline Inc.
3.63%, 06/15/31 (Call 06/15/26)(a)(b)	USD	50		42,753
4.25%, 02/15/30 (Call 02/15/25)(a)(b)	USD	35		34,660
Vector Group Ltd.
5.75%, 02/01/29 (Call 02/01/24)(a)	USD	70		64,519
10.50%, 11/01/26 (Call 01/29/24)(a)(b)	USD	55		55,264
Venture Global Calcasieu Pass LLC
3.88%, 11/01/33 (Call 05/01/33)(a)	USD	130		110,373
6.25%, 01/15/30 (Call 10/15/29)(a)	USD	90		90,249
3.88%, 08/15/29 (Call 02/15/29)(a)	USD	125		111,716
4.13%, 08/15/31 (Call 02/15/31)(a)	USD	110		97,316
Venture Global LNG Inc.
8.13%, 06/01/28 (Call 06/01/25)(a)	USD	205		207,064
8.38%, 06/01/31 (Call 06/01/26)(a)	USD	215		217,419
9.50%, 02/01/29 (Call 11/01/28)(a)	USD	290		308,148
9.88%, 02/01/32 (Call 02/01/27)(a)	USD	200		210,250
Vericast Corp., 11.00%, 09/15/26 (Call 09/15/24)(a)	USD	121		127,619
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, 09/01/25 (Call 01/29/24)(a)	USD	165		140,662
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 01/29/24)(a)	USD	65		65,244
Viasat Inc., 7.50%, 05/30/31 (Call 05/30/26)(a)	USD	70		52,210
ViaSat Inc.
5.63%, 09/15/25 (Call 01/09/24)(a)	USD	65		62,709
5.63%, 04/15/27 (Call 04/15/24)(a)(b)	USD	60		56,273
6.50%, 07/15/28 (Call 06/17/24)(a)(b)	USD	40		30,904
Viking Cruises Ltd.
5.88%, 09/15/27 (Call 09/15/24)(a)	USD	65		62,648
7.00%, 02/15/29 (Call 02/15/24)(a)	USD	50		49,875
9.13%, 07/15/31 (Call 07/15/26)(a)	USD	75		80,133
Vistra Operations Co. LLC
4.38%, 05/01/29 (Call 05/01/24)(a)	USD	110		101,489
5.00%, 07/31/27 (Call 07/31/24)(a)	USD	115		111,414
5.50%, 09/01/26 (Call 01/09/24)(a)(b)	USD	100		99,050
5.63%, 02/15/27 (Call 02/15/24)(a)	USD	120		118,350
7.75%, 10/15/31 (Call 10/15/26)(a)	USD	145		150,539
Vital Energy Inc.
9.75%, 10/15/30 (Call 10/15/26)	USD	55		58,169
10.13%, 01/15/28 (Call 01/15/25)(b)	USD	30		31,341
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/24)(a)	USD	70		67,035

18

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024	(Percentages shown are based on Net Assets)

Security		Par (000)	Value
United States (continued)
Vornado Realty LP, 2.15%, 06/01/26 (Call 05/01/26)(b)	USD	25	$	22,646
Walgreens Boots Alliance Inc.
2.13%, 11/20/26 (Call 08/20/26)	EUR	100		101,098
3.20%, 04/15/30 (Call 01/15/30)(b)	USD	46		40,585
3.45%, 06/01/26 (Call 03/01/26)	USD	69		66,069
Wand NewCo 3 Inc., 7.63%, 01/30/32 (Call 01/30/27)(a)(b)	USD	50		51,640
Weatherford International Ltd., 8.63%, 04/30/30 (Call 10/30/24)(a)	USD	150		153,198
Wesco Aircraft Holdings Inc.
8.50%, 11/15/24 (Call 01/29/24)(a)(e)(f)	USD	74		6,549
9.00%, 11/15/26 (Call 11/15/24)(a)(b)(e)(f)	USD	89		9,657
WESCO Distribution Inc.
7.13%, 06/15/25 (Call 06/15/24)(a)	USD	80		80,516
7.25%, 06/15/28 (Call 06/15/24)(a)	USD	140		143,544
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25)	USD	210		204,321
Williams Scotsman Inc.
4.63%, 08/15/28 (Call 08/15/24)(a)	USD	40		37,700
6.13%, 06/15/25 (Call 06/15/24)(a)	USD	55		54,902
7.38%, 10/01/31 (Call 10/01/26)(a)	USD	45		47,161
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 08/15/24)(a)(b)	USD	125		109,654
WMG Acquisition Corp.
2.75%, 07/15/28 (Call 03/01/24)(c)	EUR	100		102,401
3.00%, 02/15/31 (Call 02/15/26)(a)	USD	65		55,138
3.75%, 12/01/29 (Call 12/01/24)(a)	USD	55		49,507
3.88%, 07/15/30 (Call 07/15/25)(a)	USD	55		49,019
WR Grace Holdings LLC
4.88%, 06/15/27 (Call 06/15/24)(a)	USD	80		76,506
5.63%, 08/15/29 (Call 08/15/24)(a)	USD	120		105,180
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.25%, 05/15/27 (Call 02/15/27)(a)(b)	USD	75		73,264
5.50%, 03/01/25 (Call 12/01/24)(a)	USD	132		131,840
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp.
5.13%, 10/01/29 (Call 07/01/29)(a)(b)	USD	75		70,849
7.13%, 02/15/31 (Call 11/15/30)(a)(b)	USD	65		66,983
Xerox Holdings Corp.
5.00%, 08/15/25 (Call 07/15/25)(a)	USD	75		73,246
5.50%, 08/15/28 (Call 07/15/28)(a)	USD	75		68,072
XHR LP
4.88%, 06/01/29 (Call 06/01/24)(a)	USD	35		32,281
6.38%, 08/15/25 (Call 08/15/24)(a)	USD	46		46,043
XPO Inc.
7.13%, 06/01/31 (Call 06/01/26)(a)(b)	USD	45		46,013
7.13%, 02/01/32 (Call 02/01/27)(a)	USD	50		50,992
Yum! Brands Inc.
3.63%, 03/15/31 (Call 12/15/30)	USD	95		83,724
4.63%, 01/31/32 (Call 10/01/26)	USD	105		97,306
4.75%, 01/15/30 (Call 10/15/29)(a)	USD	75		71,911
5.38%, 04/01/32 (Call 04/01/27)(b)	USD	95		92,442

Security		Par (000)	Value
United States (continued)
Zayo Group Holdings Inc.
4.00%, 03/01/27 (Call 01/29/24)(a)(b)	USD	130	$	98,280
6.13%, 03/01/28 (Call 03/01/24)(a)	USD	110		72,875
				79,556,082
Total Corporate Bonds & Notes — 97.0%
(Cost: $129,713,671)				123,408,864
Fixed Rate Loan Interests
United States — 0.0%
Curo Group Holdings Corp., Term Loan, (6.00% Cash and 12.00% PIK), 18.00%, 08/02/27(i)	$	19		16,183
Total Fixed Rate Loan Interests — 0.0%
(Cost: $18,820)				16,183
Total Long-Term Investments — 97.0%
(Cost: $129,732,491)				123,425,047
		Shares
Short-Term Securities
Money Market Funds — 15.1%
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.51%(j)(k)(l)		17,798,830		17,809,509
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.32%(j)(k)		1,430,000		1,430,000
Total Short-Term Securities — 15.1%
(Cost: $19,227,969)				19,239,509
Total Investments — 112.1%
(Cost: $148,960,460)				142,664,556
Liabilities in Excess of Other Assets — (12.1)%				(15,445,447	)
Net Assets — 100.0%			$	127,219,109

^(a) 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.

^(b) All or a portion of this security is on loan.

^(c) This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933.

^(d) Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available.

^(e) Issuer filed for bankruptcy and/or is in default.

^(f) Non-income producing security.

^(g) Perpetual security with no stated maturity date.

^(h) Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect.

⁽ⁱ⁾ Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates.

^(j) Affiliate of the Fund.

^(k) Annualized 7-day yield as of period end.

^(l) All or a portion of this security was purchased with the cash collateral from loaned securities.

19

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024

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	$	15,490,082	$	2,316,135	(a)	$	—	$	364	$	2,928	$	17,809,509		17,798,830	$	19,014	(b)	$	—
BlackRock Cash Funds: Treasury, SL Agency Shares		710,000		720,000	(a)		—		—		—		1,430,000		1,430,000		10,911			—
								$	364	$	2,928	$	19,239,509			$	29,925		$	—

^(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.

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
Corporate Bonds & Notes	$	—	$	123,408,864	$	—	$	123,408,864
Fixed Rate Loan Interests		—		16,183		—		16,183
Short-Term Securities
Money Market Funds		19,239,509		—		—		19,239,509
	$	19,239,509	$	123,425,047	$	—	$	142,664,556

Portfolio Abbreviation
CAB	Capital Appreciation Bonds	PIK	Payment-in-kind
CMT	Constant Maturity Treasury	REIT	Real Estate Investment Trust
EURIBOR	Euro Interbank Offered Rate	SOFR	Secured Overnight Financing Rate
LIBOR	London Interbank Offered Rate

20

Schedule of Investments (unaudited) (continued)	iShares® US & Intl High Yield Corp Bond ETF
January 31, 2024

Currency Abbreviation

CAD	Canadian Dollar
EUR	Euro
GBP	British Pound
USD	United States Dollar

21