Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ High Yield Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Media (continued)
Gray Television Inc.
4.75%, 10/15/30(a)(b)
USD13,276
$9,436,907
5.38%, 11/15/31(a)(b)
USD19,244
13,340,553
10.50%, 07/15/29(a)(b)
USD22,941
24,695,569
iHeartCommunications Inc.
7.75%, 08/15/30(a)(b)
USD10,054
8,437,778
9.13%, 05/01/29(a)(b)
USD11,614
10,675,662
10.88%, 05/01/30(a)(b)
USD11,350
8,142,278
LCPR Senior Secured Financing DAC
5.13%, 07/15/29(a)(b)
USD13,259
7,997,879
6.75%, 10/15/27(a)
USD18,906
11,827,745
McGraw-Hill Education Inc.
5.75%, 08/01/28(a)
USD14,729
14,670,569
7.38%, 09/01/31(a)(b)
USD9,995
10,248,601
8.00%, 08/01/29(a)
USD11,733
11,800,354
Nexstar Media Inc.
4.75%, 11/01/28(a)(b)
USD15,629
15,379,111
5.63%, 07/15/27(a)
USD26,884
26,844,540
Paramount Global
6.25%, 02/28/57, (3-mo. SOFR US +
4.16%)(b)(e)
USD9,926
9,672,519
6.38%, 03/30/62, (5-year CMT +
4.00%)(b)(e)
USD15,471
15,233,633
Radiate Holdco LLC / Radiate Finance Inc.,
9.25%, 03/25/30, (9.25% PIK)(a)(b)(d)
USD13,372
8,386,604
Scripps Escrow II Inc., 3.88%, 01/15/29(a)(b)
USD8,184
7,381,610
Sinclair Television Group Inc.
5.50%, 03/01/30(a)(b)
USD9,407
8,004,040
8.13%, 02/15/33(a)(b)
USD25,074
25,561,373
Sirius XM Radio LLC
3.88%, 09/01/31(a)(b)
USD24,185
21,948,052
4.00%, 07/15/28(a)
USD32,847
31,902,511
4.13%, 07/01/30(a)(b)
USD23,926
22,499,910
5.00%, 08/01/27(a)
USD23,138
23,098,908
5.50%, 07/01/29(a)(b)
USD19,417
19,418,596
Sunrise FinCo I BV, 4.88%, 07/15/31(a)
USD19,679
18,784,241
TEGNA Inc.
4.63%, 03/15/28(b)
USD16,092
15,897,242
5.00%, 09/15/29(b)
USD17,184
17,045,624
Telenet Finance Luxembourg Notes SARL,
5.50%, 03/01/28(a)
USD14,200
14,129,000
Univision Communications Inc.
4.50%, 05/01/29(a)(b)
USD17,853
16,737,775
7.38%, 06/30/30(a)(b)
USD14,862
14,918,820
8.00%, 08/15/28(a)
USD23,768
24,467,485
8.50%, 07/31/31(a)(b)
USD21,534
22,035,861
9.38%, 08/01/32(a)(b)
USD24,796
26,153,933
Virgin Media Finance PLC, 5.00%,
07/15/30(a)(b)
USD15,234
13,588,787
Virgin Media Secured Finance PLC
4.50%, 08/15/30(a)
USD15,768
14,646,887
5.50%, 05/15/29(a)
USD24,631
24,170,708
Virgin Media Vendor Financing Notes IV
DAC, 5.00%, 07/15/28(a)(b)
USD8,013
7,840,087
VZ Secured Financing BV
5.00%, 01/15/32(a)
USD25,356
23,045,959
7.50%, 01/15/33(a)
USD8,060
8,211,986
Ziggo Bond Co. BV, 5.13%, 02/28/30(a)(b)
USD7,319
6,439,198
Ziggo BV, 4.88%, 01/15/30(a)
USD16,311
15,411,739
 
1,604,264,765
Security
Par
(000
)
Value
Mining — 1.1%
Alcoa Nederland Holding BV
4.13%, 03/31/29(a)(b)
USD8,171
$7,947,000
7.13%, 03/15/31(a)(b)
USD11,298
11,922,340
Alumina Pty. Ltd.
6.13%, 03/15/30(a)(b)
USD8,302
8,510,519
6.38%, 09/15/32(a)
USD7,718
7,979,964
Arsenal AIC Parent LLC
8.00%, 10/01/30(a)
USD11,446
12,146,372
11.50%, 10/01/31(a)
USD9,735
10,812,176
Constellium SE, 3.75%, 04/15/29(a)(b)
USD7,868
7,506,029
Fortescue Treasury Pty Ltd.
4.38%, 04/01/31(a)(b)
USD19,552
18,911,733
4.50%, 09/15/27(a)
USD9,589
9,538,271
5.88%, 04/15/30(a)(b)
USD9,054
9,347,073
6.13%, 04/15/32(a)(b)
USD13,686
14,247,216
Kaiser Aluminum Corp.
4.50%, 06/01/31(a)(b)
USD9,082
8,665,876
4.63%, 03/01/28(a)
USD8,402
8,399,143
5.88%, 03/01/34(a)
USD3,820
3,804,440
Novelis Corp.
3.88%, 08/15/31(a)
USD11,703
10,723,031
4.75%, 01/30/30(a)
USD25,675
24,796,833
6.38%, 08/15/33(a)
USD11,632
11,798,716
6.88%, 01/30/30(a)(b)
USD12,045
12,484,167
 
199,540,899
Office & Business Equipment — 0.1%
Xerox Corp.
10.25%, 10/15/30(a)(b)
USD6,136
6,274,004
13.50%, 04/15/31(a)(b)
USD7,775
7,510,729
Xerox Holdings Corp.
5.50%, 08/15/28(a)(b)
USD11,735
5,579,993
8.88%, 11/30/29(a)(b)
USD7,744
3,354,362
 
22,719,088
Oil & Gas — 5.2%
Aethon United BR LP/Aethon United
Finance Corp., 7.50%, 10/01/29(a)
USD16,891
17,533,584
Ascent Resources Utica Holdings LLC/ARU
Finance Corp.
5.88%, 06/30/29(a)
USD5,683
5,657,099
6.63%, 10/15/32(a)
USD10,557
10,762,003
6.63%, 07/15/33(a)
USD7,994
8,127,469
Baytex Energy Corp.
7.38%, 03/15/32(a)(b)
USD8,572
8,424,350
8.50%, 04/30/30(a)(b)
USD12,628
12,942,959
California Resources Corp.
7.00%, 01/15/34(a)(b)
USD7,210
7,175,632
8.25%, 06/15/29(a)
USD1,459
1,518,000
Chord Energy Corp.
6.00%, 10/01/30(a)
USD7,170
7,165,783
6.75%, 03/15/33(a)(b)
USD7,493
7,652,773
CITGO Petroleum Corp., 8.38%, 01/15/29(a)
USD13,718
14,281,743
Civitas Resources Inc.
5.00%, 10/15/26(a)
USD1,326
1,319,771
8.38%, 07/01/28(a)
USD24,699
25,473,551
8.63%, 11/01/30(a)
USD16,306
16,834,378
8.75%, 07/01/31(a)(b)
USD22,688
23,331,867
9.63%, 06/15/33(a)(b)
USD12,582
13,473,634
CNX Resources Corp.
6.00%, 01/15/29(a)(b)
USD7,697
7,731,919
7.25%, 03/01/32(a)(b)
USD9,630
10,013,068
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ High Yield Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Oil & Gas (continued)
7.38%, 01/15/31(a)(b)
USD8,353
$8,653,186
Comstock Resources Inc.
5.88%, 01/15/30(a)
USD16,428
15,610,950
6.75%, 03/01/29(a)
USD28,574
28,311,412
Crescent Energy Finance LLC
7.38%, 01/15/33(a)
USD16,083
15,169,881
7.63%, 04/01/32(a)(b)
USD18,265
17,686,772
8.38%, 01/15/34(a)
USD9,725
9,520,302
CVR Energy Inc.
5.75%, 02/15/28(a)
USD5,656
5,586,396
8.50%, 01/15/29(a)(b)
USD9,723
9,953,032
Energian Israel Finance Ltd.
5.38%, 03/30/28(a)(g)
USD9,841
9,667,002
5.88%, 03/30/31(a)(g)
USD9,854
9,514,741
8.50%, 09/30/33(a)(g)
USD11,757
12,532,843
Hilcorp Energy I LP/Hilcorp Finance Co.
5.75%, 02/01/29(a)
USD9,296
9,095,588
6.00%, 04/15/30(a)(b)
USD8,042
7,844,543
6.00%, 02/01/31(a)
USD9,968
9,452,580
6.25%, 11/01/28(a)(b)
USD10,908
10,929,795
6.25%, 04/15/32(a)
USD8,337
7,896,631
6.88%, 05/15/34(a)
USD8,191
7,779,075
7.25%, 02/15/35(a)(b)
USD15,903
15,304,914
8.38%, 11/01/33(a)
USD9,041
9,348,568
Leviathan Bond Ltd.
6.50%, 06/30/27(a)(g)
USD8,809
8,847,768
6.75%, 06/30/30(a)(g)
USD8,060
8,153,347
Matador Resources Co.
6.25%, 04/15/33(a)(b)
USD11,674
11,686,862
6.50%, 04/15/32(a)
USD15,097
15,251,880
6.88%, 04/15/28(a)
USD8,225
8,384,551
Nabors Industries Inc.
7.38%, 05/15/27(a)(b)
USD9,547
9,675,025
8.88%, 08/15/31(a)(b)
USD8,432
8,005,010
9.13%, 01/31/30(a)
USD10,199
10,711,021
Noble Finance II LLC, 8.00%, 04/15/30(a)
USD24,113
25,001,764
Northern Oil & Gas Inc.
7.88%, 10/15/33(a)
USD10,900
10,591,958
8.75%, 06/15/31(a)(b)
USD7,422
7,559,151
Parkland Corp.
4.50%, 10/01/29(a)
USD14,555
14,005,633
4.63%, 05/01/30(a)
USD13,865
13,408,324
5.88%, 07/15/27(a)
USD6,066
6,065,062
6.63%, 08/15/32(a)
USD9,248
9,422,103
PBF Holding Co. LLC/PBF Finance Corp.
6.00%, 02/15/28
USD12,680
12,557,637
7.88%, 09/15/30(a)(b)
USD8,284
8,297,951
9.88%, 03/15/30(a)(b)
USD14,115
14,986,381
Permian Resources Operating LLC
5.88%, 07/01/29(a)(b)
USD13,472
13,480,525
6.25%, 02/01/33(a)(b)
USD17,516
17,851,013
7.00%, 01/15/32(a)
USD17,650
18,301,890
8.00%, 04/15/27(a)
USD10,135
10,282,336
Range Resources Corp.
4.75%, 02/15/30(a)(b)
USD7,539
7,370,284
8.25%, 01/15/29
USD10,894
11,106,295
SM Energy Co.
6.50%, 07/15/28(b)
USD7,495
7,538,029
6.63%, 01/15/27(b)
USD5,551
5,556,346
6.75%, 08/01/29(a)(b)
USD13,575
13,537,594
7.00%, 08/01/32(a)(b)
USD12,477
12,195,715
Security
Par
(000
)
Value
Oil & Gas (continued)
Sunoco LP
5.63%, 03/15/31(a)
USD15,931
$15,933,199
5.88%, 03/15/34(a)
USD14,171
14,161,347
6.25%, 07/01/33(a)(b)
USD17,086
17,421,839
7.00%, 05/01/29(a)
USD11,877
12,330,548
7.25%, 05/01/32(a)(b)
USD11,935
12,565,353
Sunoco LP/Sunoco Finance Corp.
4.50%, 05/15/29
USD14,835
14,567,302
4.50%, 04/30/30
USD14,710
14,257,466
5.88%, 03/15/28
USD7,932
7,945,891
6.00%, 04/15/27(b)
USD6,386
6,393,002
7.00%, 09/15/28(a)
USD7,341
7,571,635
Talos Production Inc.
9.00%, 02/01/29(a)
USD9,786
10,059,644
9.38%, 02/01/31(a)(b)
USD9,745
9,957,365
Transocean International Ltd.
7.88%, 10/15/32(a)
USD3,827
3,937,769
8.25%, 05/15/29(a)(b)
USD14,373
14,444,205
8.50%, 05/15/31(a)(b)
USD14,366
14,263,727
8.75%, 02/15/30(a)
USD13,352
14,009,514
Transocean Titan Financing Ltd., 8.38%,
02/01/28(a)
USD7,810
8,035,301
Valaris Ltd., 8.38%, 04/30/30(a)(b)
USD18,867
19,627,893
Vital Energy Inc., 7.88%, 04/15/32(a)(b)
USD16,008
15,157,453
 
971,749,702
Oil & Gas Services — 0.6%
Archrock Partners LP/Archrock Partners
Finance Corp.
6.25%, 04/01/28(a)
USD16,849
16,895,542
6.63%, 09/01/32(a)(b)
USD11,071
11,392,059
Kodiak Gas Services LLC
6.50%, 10/01/33(a)(b)
USD12,922
13,244,517
6.75%, 10/01/35(a)(b)
USD10,812
11,128,769
7.25%, 02/15/29(a)(b)
USD4,337
4,505,148
USA Compression Partners LP/USA
Compression Finance Corp.
6.25%, 10/01/33(a)
USD11,999
12,045,909
7.13%, 03/15/29(a)
USD16,415
16,958,803
WBI Operating LLC
6.25%, 10/15/30(a)
USD5,000
5,006,250
6.50%, 10/15/33(a)
USD5,000
5,006,250
Weatherford International Ltd., 6.75%,
10/15/33(a)(b)
USD10,697
10,927,542
 
107,110,789
Packaging & Containers — 2.3%
Ardagh Metal Packaging Finance
USA LLC/Ardagh Metal Packaging
Finance PLC
3.25%, 09/01/28(a)(b)
USD9,204
8,774,987
4.00%, 09/01/29(a)(b)
USD16,063
14,978,131
6.00%, 06/15/27(a)
USD11,540
11,567,544
Ardagh Packaging Finance PLC/Ardagh
Holdings USA Inc.
4.13%, 08/15/26(a)(c)
USD17,613
15,964,344
5.25%, 08/15/27(a)
USD27,047
6,808,728
Ball Corp.
2.88%, 08/15/30(b)
USD22,215
20,327,402
3.13%, 09/15/31(b)
USD17,360
15,821,649
5.50%, 09/15/33
USD11,861
11,995,412
6.00%, 06/15/29(b)
USD16,505
16,906,968
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ High Yield Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Packaging & Containers (continued)
6.88%, 03/15/28
USD9,699
$9,868,195
Clydesdale Acquisition Holdings Inc.
6.63%, 04/15/29(a)
USD8,371
8,412,931
6.75%, 04/15/32(a)(b)
USD24,177
24,230,390
6.88%, 01/15/30(a)(b)
USD8,440
8,530,288
8.75%, 04/15/30(a)(b)
USD18,742
18,780,831
Crown Americas LLC
5.25%, 04/01/30(b)
USD8,506
8,632,286
5.88%, 06/01/33(a)(b)
USD10,804
10,962,391
Crown Americas LLC/Crown Americas
Capital Corp. V, 4.25%, 09/30/26(b)
USD1,411
1,401,235
Graphic Packaging International LLC
3.50%, 03/15/28(a)
USD7,624
7,349,429
3.75%, 02/01/30(a)(b)
USD5,983
5,607,746
6.38%, 07/15/32(a)(b)
USD8,552
8,663,637
LABL Inc.
5.88%, 11/01/28(a)(b)
USD7,537
5,439,830
8.25%, 11/01/29(a)(b)
USD6,807
3,321,816
8.63%, 10/01/31(a)(b)
USD15,436
9,892,431
10.50%, 07/15/27(a)(b)
USD10,296
6,708,758
Mauser Packaging Solutions Holding Co.
7.88%, 04/15/27(a)
USD49,047
49,221,803
9.25%, 04/15/27(a)
USD23,207
22,928,107
OI European Group BV, 4.75%,
02/15/30(a)(b)
USD6,586
6,214,918
Owens-Brockway Glass Container Inc.
6.63%, 05/13/27(a)(b)
USD11,098
11,102,354
7.25%, 05/15/31(a)(b)
USD10,539
10,322,525
Sealed Air Corp.
4.00%, 12/01/27(a)(b)
USD6,077
5,984,399
5.00%, 04/15/29(a)(b)
USD7,382
7,324,856
6.50%, 07/15/32(a)(b)
USD6,313
6,534,803
Sealed Air Corp./Sealed Air Corp. U.S.
6.13%, 02/01/28(a)
USD11,611
11,756,774
7.25%, 02/15/31(a)(b)
USD7,329
7,680,002
Trivium Packaging Finance BV
8.25%, 07/15/30(a)(b)
USD9,688
10,027,556
12.25%, 01/15/31(a)
USD9,610
10,048,937
 
420,094,393
Pharmaceuticals — 2.5%
1261229 BC Ltd., 10.00%, 04/15/32(a)(b)
USD69,361
72,101,568
AdaptHealth LLC
4.63%, 08/01/29(a)(b)
USD7,975
7,560,831
5.13%, 03/01/30(a)(b)
USD9,095
8,689,939
Bausch Health Americas Inc., 8.50%,
01/31/27(a)
USD8,901
8,850,561
Bausch Health Companies Inc.
4.88%, 06/01/28(a)
USD20,090
18,411,400
5.00%, 01/30/28(a)
USD5,510
4,822,283
5.00%, 02/15/29(a)
USD6,120
4,720,560
5.25%, 01/30/30(a)
USD10,258
7,410,550
5.25%, 02/15/31(a)
USD6,070
4,073,881
6.25%, 02/15/29(a)
USD10,183
8,353,721
11.00%, 09/30/28(a)
USD27,823
29,135,898
CVS Health Corp.
6.75%, 12/10/54, (5-year CMT +
2.52%)(e)
USD12,326
12,820,172
7.00%, 03/10/55, (5-year CMT +
2.89%)(e)
USD35,733
37,528,823
Endo Finance Holdings Inc., 8.50%,
04/15/31(a)(b)
USD15,998
16,965,831
Security
Par
(000
)
Value
Pharmaceuticals (continued)
HLF Financing SARL LLC/Herbalife
International Inc.
4.88%, 06/01/29(a)(b)
USD9,212
$8,118,785
12.25%, 04/15/29(a)
USD19,364
21,024,180
Jazz Securities DAC, 4.38%, 01/15/29(a)(b)
USD24,443
23,912,680
Organon & Co./Organon Foreign Debt
Co-Issuer BV
4.13%, 04/30/28(a)
USD33,001
31,317,982
5.13%, 04/30/31(a)(b)
USD31,561
24,206,413
6.75%, 05/15/34(a)(b)
USD9,162
8,210,373
7.88%, 05/15/34(a)(b)
USD8,005
6,235,239
Owens & Minor Inc.
4.50%, 03/31/29(a)(b)
USD7,077
5,357,289
6.63%, 04/01/30(a)(b)
USD8,376
6,711,479
Teva Pharmaceutical Finance Netherlands
III BV
3.15%, 10/01/26
USD9,400
9,254,840
4.75%, 05/09/27
USD11,632
11,627,680
5.13%, 05/09/29(b)
USD15,327
15,400,281
6.00%, 12/01/32(b)
USD8,366
8,732,891
6.75%, 03/01/28(b)
USD19,324
20,050,039
8.13%, 09/15/31
USD7,869
9,021,018
Teva Pharmaceutical Finance Netherlands
IV BV, 5.75%, 12/01/30(b)
USD10,866
11,220,421
 
461,847,608
Pipelines — 5.2%
Antero Midstream Partners LP/Antero
Midstream Finance Corp.
5.38%, 06/15/29(a)(b)
USD12,313
12,305,345
5.75%, 01/15/28(a)
USD11,072
11,063,534
5.75%, 10/15/33(a)
USD10,174
10,155,586
6.63%, 02/01/32(a)(b)
USD9,502
9,835,134
Blue Racer Midstream LLC/Blue Racer
Finance Corp.
7.00%, 07/15/29(a)
USD8,196
8,501,140
7.25%, 07/15/32(a)
USD7,431
7,802,316
Buckeye Partners LP
3.95%, 12/01/26
USD9,725
9,633,416
4.13%, 12/01/27
USD7,083
6,988,105
4.50%, 03/01/28(a)
USD8,406
8,290,912
6.75%, 02/01/30(a)(b)
USD7,475
7,799,091
6.88%, 07/01/29(a)
USD9,439
9,796,854
CQP Holdco LP/BIP-V Chinook Holdco LLC
5.50%, 06/15/31(a)
USD22,758
22,523,420
7.50%, 12/15/33(a)(b)
USD8,629
9,333,077
Delek Logistics Partners LP/Delek Logistics
Finance Corp.
7.13%, 06/01/28(a)
USD7,832
7,870,020
7.38%, 06/30/33(a)(b)
USD10,942
11,102,938
8.63%, 03/15/29(a)
USD16,832
17,514,157
Energy Transfer LP
6.50%, 02/15/56, (5-year CMT +
2.68%)(b)(e)
USD13,556
13,443,032
6.75%, 02/15/56, (5-year CMT +
2.48%)(e)
USD12,104
12,126,247
7.13%, 10/01/54, (5-year CMT +
2.83%)(b)(e)
USD7,022
7,254,151
8.00%, 05/15/54, (5-year CMT +
4.02%)(e)
USD12,831
13,664,218
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ High Yield Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pipelines (continued)
Genesis Energy LP/Genesis Energy
Finance Corp.
7.75%, 02/01/28(b)
USD12,527
$12,615,477
7.88%, 05/15/32(b)
USD12,012
12,362,299
8.00%, 05/15/33
USD9,652
9,965,292
8.25%, 01/15/29
USD9,727
10,141,250
8.88%, 04/15/30
USD9,469
9,991,528
Global Partners LP/GLP Finance Corp.
7.13%, 07/01/33(a)
USD7,757
7,868,633
8.25%, 01/15/32(a)
USD7,549
7,901,768
Harvest Midstream I LP
7.50%, 09/01/28(a)
USD19,859
20,080,525
7.50%, 05/15/32(a)
USD8,237
8,519,927
Hess Midstream Operations LP
4.25%, 02/15/30(a)
USD11,151
10,858,358
5.13%, 06/15/28(a)
USD9,243
9,226,400
5.50%, 10/15/30(a)
USD6,893
6,932,874
5.88%, 03/01/28(a)(b)
USD13,631
13,893,530
6.50%, 06/01/29(a)
USD10,178
10,533,401
Howard Midstream Energy Partners LLC
6.63%, 01/15/34(a)
USD11,631
11,969,432
7.38%, 07/15/32(a)
USD9,313
9,764,985
ITT Holdings LLC, 6.50%, 08/01/29(a)
USD19,354
18,742,895
Kinetik Holdings LP
5.88%, 06/15/30(a)(b)
USD15,842
15,948,168
6.63%, 12/15/28(a)
USD16,732
17,164,266
New Fortress Energy Inc., 6.50%,
09/30/26(a)(b)
USD6,334
932,894
NFE Financing LLC, 12.00%, 11/15/29(a)(b)
USD38,862
9,129,161
NGL Energy Operating LLC/NGL Energy
Finance Corp.
8.13%, 02/15/29(a)(b)
USD14,491
14,820,924
8.38%, 02/15/32(a)(b)
USD20,876
21,340,977
NuStar Logistics LP
5.63%, 04/28/27
USD8,232
8,287,073
6.38%, 10/01/30(b)
USD9,275
9,663,868
Rockies Express Pipeline LLC
4.95%, 07/15/29(a)
USD8,195
8,106,029
6.75%, 03/15/33(a)
USD8,030
8,411,940
South Bow Canadian Infrastructure
Holdings Ltd.
7.50%, 03/01/55, (5-year CMT +
3.67%)(b)(e)
USD10,460
11,192,775
7.63%, 03/01/55, (5-year CMT +
3.95%)(e)
USD7,566
7,880,976
Tallgrass Energy Partners LP/Tallgrass
Energy Finance Corp.
5.50%, 01/15/28(a)
USD12,500
12,441,841
6.00%, 12/31/30(a)
USD11,098
10,986,825
6.00%, 09/01/31(a)(b)
USD7,435
7,313,682
6.75%, 03/15/34(a)
USD10,979
10,909,499
7.38%, 02/15/29(a)
USD13,763
14,183,567
Venture Global Calcasieu Pass LLC
3.88%, 11/01/33(a)(b)
USD19,507
17,237,193
6.25%, 01/15/30(a)
USD16,619
16,946,353
3.88%, 08/15/29(a)
USD20,270
19,197,987
4.13%, 08/15/31(a)(b)
USD19,558
18,078,187
Venture Global LNG Inc.
7.00%, 01/15/30(a)(b)
USD23,745
24,011,825
8.13%, 06/01/28(a)(b)
USD38,229
39,390,986
8.38%, 06/01/31(a)(b)
USD36,351
37,337,210
Security
Par
(000
)
Value
Pipelines (continued)
9.50%, 02/01/29(a)
USD48,397
$52,106,219
9.88%, 02/01/32(a)(b)
USD31,953
34,147,145
Venture Global Plaquemines LNG LLC
6.50%, 01/15/34(a)(b)
USD32,197
33,714,332
6.75%, 01/15/36(a)
USD32,654
34,587,656
7.50%, 05/01/33(a)
USD20,064
22,061,526
7.75%, 05/01/35(a)(b)
USD20,166
22,758,785
 
968,661,136
Real Estate — 0.6%
Anywhere Real Estate Group LLC/Anywhere
Co-Issuer Corp., 7.00%, 04/15/30(a)(b)
USD10,527
10,615,156
Anywhere Real Estate Group LLC/Realogy
Co-Issuer Corp.
5.25%, 04/15/30(a)(b)
USD7,358
6,743,914
5.75%, 01/15/29(a)
USD9,375
9,000,041
9.75%, 04/15/30(a)
USD7,629
8,297,583
Cushman & Wakefield U.S. Borrower LLC
6.75%, 05/15/28(a)
USD11,857
11,940,370
8.88%, 09/01/31(a)(b)
USD7,600
8,135,007
Howard Hughes Corp. (The)
4.13%, 02/01/29(a)
USD10,189
9,753,644
4.38%, 02/01/31(a)(b)
USD9,951
9,362,674
5.38%, 08/01/28(a)
USD11,813
11,772,526
Kennedy-Wilson Inc.
4.75%, 03/01/29
USD9,221
8,702,932
4.75%, 02/01/30(b)
USD9,713
8,952,968
5.00%, 03/01/31(b)
USD9,910
9,131,952
 
112,408,767
Real Estate Investment Trusts — 3.6%
Brandywine Operating Partnership LP
3.95%, 11/15/27(b)
USD6,528
6,426,140
8.88%, 04/12/29(b)
USD9,480
10,292,096
Diversified Healthcare Trust
4.38%, 03/01/31(b)
USD8,273
7,258,235
4.75%, 02/15/28
USD8,165
7,757,544
Global Net Lease Inc., 4.50%, 09/30/28(a)
USD3,470
3,403,263
Hudson Pacific Properties LP
3.25%, 01/15/30(b)
USD6,307
5,380,142
3.95%, 11/01/27
USD6,200
5,938,145
4.65%, 04/01/29(b)
USD8,681
7,985,914
Iron Mountain Inc.
4.50%, 02/15/31(a)
USD17,030
16,341,608
4.88%, 09/15/27(a)
USD15,238
15,174,925
4.88%, 09/15/29(a)
USD18,222
17,991,233
5.00%, 07/15/28(a)
USD7,152
7,115,418
5.25%, 03/15/28(a)
USD12,948
12,936,018
5.25%, 07/15/30(a)
USD22,448
22,348,703
5.63%, 07/15/32(a)(b)
USD8,980
8,975,802
6.25%, 01/15/33(a)(b)
USD19,721
20,197,881
7.00%, 02/15/29(a)
USD16,732
17,227,901
Iron Mountain Information Management
Services Inc., 5.00%, 07/15/32(a)
USD12,710
12,275,727
Ladder Capital Finance
Holdings LLLP/Ladder Capital
Finance Corp.
4.25%, 02/01/27(a)
USD9,205
9,111,516
4.75%, 06/15/29(a)
USD10,671
10,465,353
5.50%, 08/01/30(b)
USD8,472
8,632,788
7.00%, 07/15/31(a)
USD7,800
8,195,920
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ High Yield Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
Millrose Properties Inc.
6.25%, 09/15/32(a)
USD12,804
$12,864,933
6.38%, 08/01/30(a)
USD21,488
21,783,512
MPT Operating Partnership LP/MPT
Finance Corp.
3.50%, 03/15/31(b)
USD20,795
14,693,924
4.63%, 08/01/29(b)
USD14,470
11,814,091
5.00%, 10/15/27(b)
USD22,000
21,171,286
8.50%, 02/15/32(a)(b)
USD25,415
26,590,083
Office Properties Income Trust, 3.25%,
03/15/27(a)(b)
USD122
94,433
Park Intermediate Holdings LLC/PK
Domestic Property LLC/PK Finance
Co-Issuer
4.88%, 05/15/29(a)(b)
USD11,501
11,161,362
5.88%, 10/01/28(a)
USD11,351
11,338,689
7.00%, 02/01/30(a)(b)
USD8,227
8,390,814
RHP Hotel Properties LP/RHP
Finance Corp.
4.50%, 02/15/29(a)(b)
USD9,640
9,476,996
4.75%, 10/15/27(b)
USD10,491
10,461,020
6.50%, 04/01/32(a)(b)
USD17,022
17,511,187
6.50%, 06/15/33(a)
USD10,807
11,157,734
7.25%, 07/15/28(a)
USD6,805
7,019,061
Rithm Capital Corp.
8.00%, 04/01/29(a)
USD12,368
12,592,837
8.00%, 07/15/30(a)
USD7,573
7,668,839
SBA Communications Corp.
3.13%, 02/01/29(b)
USD24,294
22,974,843
3.88%, 02/15/27(b)
USD25,308
24,996,593
Service Properties Trust
0.00%, 09/30/27(a)(h)
USD975
860,220
3.95%, 01/15/28(b)
USD6,387
5,939,038
4.38%, 02/15/30(b)
USD6,489
5,458,795
4.95%, 02/15/27(b)
USD6,269
6,249,330
4.95%, 10/01/29(b)
USD6,359
5,491,672
5.50%, 12/15/27
USD7,224
7,032,042
8.38%, 06/15/29
USD11,707
11,658,929
8.63%, 11/15/31(a)(b)
USD16,900
17,814,777
8.88%, 06/15/32(b)
USD7,787
7,693,556
Starwood Property Trust Inc.
4.38%, 01/15/27(a)(b)
USD9,365
9,271,490
5.25%, 10/15/28(a)
USD6,395
6,414,558
5.75%, 01/15/31(a)
USD5,800
5,881,614
6.00%, 04/15/30(a)
USD7,099
7,249,781
6.50%, 07/01/30(a)(b)
USD8,093
8,422,796
6.50%, 10/15/30(a)(b)
USD8,645
9,004,453
7.25%, 04/01/29(a)
USD10,212
10,751,997
Uniti Group LP/Uniti Fiber Holdings Inc./CSL
Capital LLC, 6.00%, 01/15/30(a)(b)
USD10,883
9,748,980
Uniti Group LP/Uniti Group Finance 2019
Inc./CSL Capital LLC
4.75%, 04/15/28(a)(b)
USD9,737
9,504,292
6.50%, 02/15/29(a)
USD17,584
16,457,328
8.63%, 06/15/32(a)(b)
USD9,378
8,766,246
 
674,866,403
Retail — 4.7%
Advance Auto Parts Inc.
3.90%, 04/15/30(b)
USD7,808
7,153,604
7.00%, 08/01/30(a)
USD17,538
17,689,030
7.38%, 08/01/33(a)(b)
USD15,962
16,169,458
Security
Par
(000
)
Value
Retail (continued)
Asbury Automotive Group Inc.
4.50%, 03/01/28(b)
USD5,626
$5,569,392
4.63%, 11/15/29(a)(b)
USD12,580
12,222,237
4.75%, 03/01/30(b)
USD7,152
6,984,206
5.00%, 02/15/32(a)(b)
USD9,431
9,076,661
Bath & Body Works Inc.
5.25%, 02/01/28(b)
USD6,723
6,772,665
6.63%, 10/01/30(a)(b)
USD13,902
14,260,951
7.50%, 06/15/29(b)
USD8,583
8,813,479
Burger King (Restaurant Brands
International Inc.)/New Red Finance Inc.
3.50%, 02/15/29(a)(b)
USD12,540
12,070,413
3.88%, 01/15/28(a)
USD24,246
23,798,887
4.00%, 10/15/30(a)
USD47,858
45,264,010
4.38%, 01/15/28(a)
USD12,459
12,303,457
5.63%, 09/15/29(a)(b)
USD8,402
8,548,104
6.13%, 06/15/29(a)(b)
USD20,466
20,988,303
Carvana Co.
9.00%, 06/01/30, (9.00% Cash)(a)(b)(d)
USD28,686
29,993,672
9.00%, 06/01/31, (9.00% Cash)(a)(b)(d)
USD27,172
30,297,012
EG Global Finance PLC, 12.00%,
11/30/28(a)(b)
USD23,986
26,258,412
Ferrellgas LP/Ferrellgas Finance Corp.,
9.25%, 01/15/31(a)
USD6,740
6,802,311
Fertitta Entertainment LLC/Fertitta
Entertainment Finance Co. Inc.
4.63%, 01/15/29(a)(b)
USD16,807
16,036,172
6.75%, 01/15/30(a)(b)
USD20,020
18,587,009
FirstCash Inc.
4.63%, 09/01/28(a)
USD7,857
7,749,241
5.63%, 01/01/30(a)(b)
USD8,292
8,304,290
6.88%, 03/01/32(a)(b)
USD7,572
7,853,343
Gap Inc. (The)
3.63%, 10/01/29(a)
USD11,648
10,959,670
3.88%, 10/01/31(a)(b)
USD12,176
11,123,636
Global Auto Holdings Ltd./AAG FH U.K. Ltd.
8.38%, 01/15/29(a)
USD7,953
7,577,114
8.75%, 01/15/32(a)(b)
USD7,952
7,526,747
11.50%, 08/15/29(a)
USD9,291
9,549,682
Group 1 Automotive Inc.
4.00%, 08/15/28(a)
USD11,823
11,470,938
6.38%, 01/15/30(a)(b)
USD8,341
8,531,435
KFC Holding Co./Pizza Hut
Holdings LLC/Taco Bell of America LLC,
4.75%, 06/01/27(a)
USD3,980
3,971,276
Kohl's Corp., 5.13%, 05/01/31
USD7,293
5,677,588
LBM Acquisition LLC
6.25%, 01/15/29(a)(b)
USD13,164
12,002,411
9.50%, 06/15/31(a)
USD15,036
15,720,138
LCM Investments Holdings II LLC
4.88%, 05/01/29(a)
USD15,781
15,371,366
8.25%, 08/01/31(a)(b)
USD13,763
14,479,298
Lithia Motors Inc.
3.88%, 06/01/29(a)(b)
USD13,208
12,630,315
4.38%, 01/15/31(a)(b)
USD9,197
8,761,841
4.63%, 12/15/27(a)
USD6,177
6,132,371
5.50%, 10/01/30(a)
USD9,488
9,503,328
Macy's Retail Holdings LLC
6.13%, 03/15/32(a)(b)
USD6,872
6,888,670
7.38%, 08/01/33(a)(b)
USD7,753
8,177,078
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ High Yield Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Retail (continued)
Michaels Companies Inc. (The)
5.25%, 05/01/28(a)(b)
USD11,669
$10,894,436
7.88%, 05/01/29(a)(b)
USD16,202
14,294,537
Murphy Oil USA Inc.
3.75%, 02/15/31(a)(b)
USD7,994
7,443,453
4.75%, 09/15/29(b)
USD7,272
7,185,785
Nordstrom Inc.
4.25%, 08/01/31(b)
USD6,590
6,022,363
4.38%, 04/01/30(b)
USD7,703
7,292,825
Park River Holdings Inc.
8.00%, 03/15/31(a)
USD8,350
8,601,282
8.75%, 12/31/30(a)
USD5,000
4,993,730
PetSmart LLC/PetSmart Finance Corp.
7.50%, 09/15/32(a)
USD32,865
32,861,096
10.00%, 09/15/33(a)(b)
USD11,598
11,669,746
QVC Inc., 6.88%, 04/15/29(a)(b)
USD8,461
3,929,142
QXO Building Products Inc., 6.75%,
04/30/32(a)
USD35,746
37,114,700
Saks Global Enterprises LLC, 11.00%,
12/15/29(a)(b)
USD27,854
12,255,524
SGUS LLC, 11.00%, 12/15/29(a)
USD17,074
14,781,368
Sonic Automotive Inc.
4.63%, 11/15/29(a)(b)
USD10,025
9,732,035
4.88%, 11/15/31(a)(b)
USD8,114
7,735,104
Staples Inc.
10.75%, 09/01/29(a)(b)
USD38,695
37,749,952
12.75%, 01/15/30(a)
USD13,490
10,423,077
Suburban Propane Partners LP/Suburban
Energy Finance Corp., 5.00%,
06/01/31(a)(b)
USD10,605
10,094,263
Yum! Brands Inc.
3.63%, 03/15/31
USD16,283
15,271,650
4.63%, 01/31/32(b)
USD17,074
16,670,538
4.75%, 01/15/30(a)
USD13,505
13,465,093
5.38%, 04/01/32(b)
USD16,445
16,555,510
 
882,658,430
Semiconductors — 0.2%
Kioxia Holdings Corp.
6.25%, 07/24/30
USD19,358
19,999,625
6.63%, 07/24/33(a)
USD17,949
18,732,524
 
38,732,149
Software — 2.8%
AthenaHealth Group Inc., 6.50%,
02/15/30(a)(b)
USD38,257
37,413,885
Central Parent Inc./CDK Global Inc., 7.25%,
06/15/29(a)(b)
USD11,836
9,781,330
Central Parent LLC/CDK Global II LLC/CDK
Financing Co. Inc., 8.00%, 06/15/29(a)(b)
USD12,349
10,339,595
Cloud Software Group Inc.
6.50%, 03/31/29(a)(b)
USD66,192
66,651,286
6.63%, 08/15/33(a)(b)
USD16,931
16,941,582
8.25%, 06/30/32(a)
USD30,600
32,151,763
9.00%, 09/30/29(a)(b)
USD64,105
66,225,318
CoreWeave Inc.
9.00%, 02/01/31(a)(b)
USD29,822
29,824,484
9.25%, 06/01/30(a)(b)
USD32,635
32,891,322
Fair Isaac Corp.
4.00%, 06/15/28(a)
USD14,042
13,716,422
6.00%, 05/15/33(a)(b)
USD24,023
24,518,090
Security
Par
(000
)
Value
Software (continued)
Open Text Corp.
3.88%, 02/15/28(a)(b)
USD13,903
$13,513,849
3.88%, 12/01/29(a)(b)
USD15,227
14,410,964
Open Text Holdings Inc.
4.13%, 02/15/30(a)(b)
USD15,924
15,168,419
4.13%, 12/01/31(a)(b)
USD10,002
9,313,722
ROBLOX Corp., 3.88%, 05/01/30(a)
USD15,674
14,991,880
Rocket Software Inc.
6.50%, 02/15/29(a)
USD8,642
8,394,460
9.00%, 11/28/28(a)
USD13,308
13,715,342
SS&C Technologies Inc.
5.50%, 09/30/27(a)
USD26,556
26,535,706
6.50%, 06/01/32(a)(b)
USD11,849
12,263,855
Twilio Inc.
3.63%, 03/15/29
USD7,232
6,942,908
3.88%, 03/15/31(b)
USD7,319
6,921,834
UKG Inc., 6.88%, 02/01/31(a)
USD41,746
42,970,494
 
525,598,510
Telecommunications — 5.1%
Altice Financing SA
5.00%, 01/15/28(a)
USD18,757
14,108,344
5.75%, 08/15/29(a)
USD32,221
23,403,311
Altice France Lux 3/Altice Holdings 1,
10.00%, 01/15/33(a)
USD5,310
4,992,932
Altice France SA
6.50%, 03/15/32(a)
USD19,285
18,441,860
6.88%, 10/15/30(a)
USD11,451
11,188,714
6.88%, 07/15/32(a)
USD12,376
11,872,919
9.50%, 11/01/29(a)
USD18,439
18,794,068
Altice Holdings 1 SARL, 0.00%(a)(f)(h)
EUR3
50,272
Bell Telephone Co. of Canada or
Bell Canada
6.88%, 09/15/55, (5-year CMT +
2.39%)(b)(e)
USD15,725
16,441,845
7.00%, 09/15/55, (5-year CMT +
2.36%)(e)
USD20,063
21,093,693
British Telecommunications PLC
4.25%, 11/23/81, (5-year CMT +
2.99%)(a)(e)
USD7,152
7,055,424
4.88%, 11/23/81, (5-year CMT +
3.49%)(a)(e)
USD7,899
7,597,870
CommScope LLC
4.75%, 09/01/29(a)(b)
USD12,845
12,797,328
7.13%, 07/01/28(a)
USD9,957
9,992,085
8.25%, 03/01/27(a)(b)
USD13,359
13,445,259
9.50%, 12/15/31(a)(b)
USD15,481
15,757,955
CommScope Technologies LLC, 5.00%,
03/15/27(a)(b)
USD11,373
11,322,555
Connect Finco SARL/Connect U.S. Finco
LLC, 9.00%, 09/15/29(a)(b)
USD32,875
34,809,247
EchoStar Corp., 6.75%, 11/30/30, (6.75%
PIK)(b)(d)
USD36,317
37,460,083
Fibercop SpA
Series 2033, 6.38%, 11/15/33(a)(b)
USD8,058
7,984,712
Series 2034, 6.00%, 09/30/34(a)
USD7,643
7,243,273
Series 2036, 7.20%, 07/18/36(a)
USD8,346
8,433,562
Series 2038, 7.72%, 06/04/38(a)
USD7,411
7,508,162
Frontier Communications Holdings LLC
5.00%, 05/01/28(a)
USD23,873
23,846,231
5.88%, 10/15/27(a)
USD22,234
22,220,595
5.88%, 11/01/29(b)
USD10,889
11,019,323
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ High Yield Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Telecommunications (continued)
6.00%, 01/15/30(a)(b)
USD13,221
$13,412,863
6.75%, 05/01/29(a)
USD19,903
20,089,334
8.63%, 03/15/31(a)(b)
USD14,023
14,811,022
8.75%, 05/15/30(a)(b)
USD19,560
20,444,008
Iliad Holding SAS
7.00%, 10/15/28(a)
USD20,172
20,437,111
7.00%, 04/15/32(a)
USD13,458
13,759,809
8.50%, 04/15/31(a)(b)
USD16,273
17,454,558
Level 3 Financing Inc.
3.75%, 07/15/29(a)
USD7,229
6,407,563
3.88%, 10/15/30(a)(b)
USD6,902
6,199,684
4.00%, 04/15/31(a)(b)
USD6,938
6,197,395
4.50%, 04/01/30(a)(b)
USD12,213
11,335,191
4.88%, 06/15/29(a)(b)
USD9,850
9,421,525
6.88%, 06/30/33(a)
USD34,654
35,491,462
7.00%, 03/31/34(a)(b)
USD33,631
34,547,290
Lumen Technologies Inc.
4.13%, 04/15/30(a)
USD2,433
2,415,651
10.00%, 10/15/32(a)(b)
USD6,125
6,192,618
Rogers Communications Inc.
5.25%, 03/15/82, (5-year CMT +
3.59%)(a)(b)(e)
USD11,270
11,207,909
7.00%, 04/15/55, (5-year CMT +
2.65%)(b)(e)
USD17,463
18,289,973
7.13%, 04/15/55, (5-year CMT +
2.62%)(b)(e)
USD16,318
17,457,812
TELUS Corp.
6.63%, 10/15/55, (5-year CMT +
2.77%)(e)
USD10,741
11,093,437
7.00%, 10/15/55, (5-year CMT +
2.71%)(b)(e)
USD12,904
13,757,477
Viasat Inc.
5.63%, 04/15/27(a)(b)
USD9,101
9,084,361
6.50%, 07/15/28(a)
USD5,663
5,490,241
7.50%, 05/30/31(a)(b)
USD11,316
10,618,276
Vmed O2 U.K. Financing I PLC
4.25%, 01/31/31(a)
USD22,133
20,168,869
4.75%, 07/15/31(a)
USD22,940
21,244,351
6.75%, 01/15/33(a)
USD12,000
12,031,514
7.75%, 04/15/32(a)(b)
USD11,469
11,888,593
Vodafone Group PLC
4.13%, 06/04/81, (5-year CMT +
2.77%)(e)
USD15,489
14,557,729
7.00%, 04/04/79, (5-year USD Swap +
4.87%)(e)
USD31,965
33,750,968
Windstream Services LLC, 7.50%,
10/15/33(a)
USD20,540
20,480,301
Windstream Services LLC/Windstream
Escrow Finance Corp., 8.25%,
10/01/31(a)(b)
USD35,639
36,401,233
WULF Compute LLC, 7.75%, 10/15/30(a)(b)
USD26,915
27,920,701
Zayo Group Holdings Inc.
9.25%, 03/09/30, (9.25% PIK)(a)(b)(d)
USD20,591
19,579,349
13.75%, 09/09/30, (13.75% PIK)(a)(d)
USD13,780
12,617,448
 
945,139,248
Transportation — 0.1%
Brightline East LLC, 11.00%, 01/31/30(a)(b)
USD20,184
7,953,303
Security
Par
(000
)
Value
Transportation (continued)
XPO Inc.
7.13%, 06/01/31(a)(b)
USD6,665
$6,955,063
7.13%, 02/01/32(a)(b)
USD9,801
10,315,127
 
25,223,493
Trucking & Leasing — 0.3%
FTAI Aviation Investors LLC
5.50%, 05/01/28(a)
USD18,715
18,733,996
5.88%, 04/15/33(a)(b)
USD7,491
7,548,434
7.00%, 05/01/31(a)
USD11,314
11,844,871
7.00%, 06/15/32(a)
USD12,433
12,992,588
7.88%, 12/01/30(a)
USD8,648
9,198,818
 
60,318,707
Total Corporate Bonds & Notes — 98.2%
(Cost: $18,795,590,396)
18,303,074,008
Floating Rate Loan Interests(e)
Media — 0.0%
Radiate Holdco, LLC, (1-mo. CME Term
SOFR at 0.00% Floor + 5.11% and 1.50%
PIK), 9.08%, 09/25/29(d)
$14
10,617
Total Floating Rate Loan Interests — 0.0%
(Cost: $(405))
10,617
 
Shares
 
Common Stocks
Aerospace & Defense — 0.0%
Incora Top Holdco LLC, NVS(b)(c)
203,107
1,161,772
Total Common Stocks — 0.0%
(Cost $20,944,592)
1,161,772
Total Long-Term Investments — 98.2%
(Cost: $18,816,534,583)
18,304,246,397
Short-Term Securities
Money Market Funds — 16.1%
BlackRock Cash Funds: Institutional, SL
Agency Shares, 4.27%(i)(j)(k)
2,788,206,080
2,789,600,183
BlackRock Cash Funds: Treasury, SL
Agency Shares, 4.05%(i)(j)
202,970,000
202,970,000
Total Short-Term Securities — 16.1%
(Cost: $2,991,022,685)
2,992,570,183
Total Investments — 114.3%
(Cost: $21,807,557,268)
21,296,816,580
Liabilities in Excess of Other Assets — (14.3)%
(2,657,340,034
)
Net Assets — 100.0%
$18,639,476,546
 
(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)
Security is valued using significant unobservable inputs and is classified as Level 3 in
the fair value hierarchy.
(d)
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.
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ High Yield Corporate Bond ETF
 
(e)
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.
(f)
Perpetual security with no stated maturity date.
(g)
This security may be resold to qualified foreign investors and foreign institutional
buyers under Regulation S of the Securities Act of 1933.
(h)
Zero-coupon bond.
(i)
Affiliate of the Fund.
(j)
Annualized 7-day yield as of period end.
(k)
All or a portion of this security was purchased with the cash collateral from loaned
securities.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: 
• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
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
$—
$18,302,149,799
$924,209
$18,303,074,008
Floating Rate Loan Interests
—
10,617
—
10,617
Common Stocks
—
—
1,161,772
1,161,772
Short-Term Securities 
Money Market Funds
2,992,570,183
—
—
2,992,570,183
 
$2,992,570,183
$18,302,160,416
$2,085,981
$21,296,816,580
Schedule of Investments (unaudited)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
 
Security
Par
(000
)
Value
Corporate Bonds & Notes
Advertising — 0.0%
Omnicom Group Inc., 2.60%, 08/01/31(a)
$5,910
$5,346,909
Aerospace & Defense — 2.4%
Boeing Co. (The)
2.95%, 02/01/30
13,060
12,325,233
3.20%, 03/01/29(a)
8,716
8,417,398
3.25%, 02/01/35
8,800
7,666,554
3.60%, 05/01/34
7,521
6,825,408
3.63%, 02/01/31
13,491
12,934,511
3.75%, 02/01/50
10,546
7,809,233
3.90%, 05/01/49
8,208
6,214,158
3.95%, 08/01/59
11,402
8,198,479
5.15%, 05/01/30(a)
25,998
26,729,812
5.71%, 05/01/40
25,612
26,118,178
5.81%, 05/01/50(a)
46,923
46,641,542
5.93%, 05/01/60
28,797
28,666,224
6.30%, 05/01/29
6,056
6,427,942
6.39%, 05/01/31
7,877
8,556,862
6.53%, 05/01/34
15,571
17,235,624
6.86%, 05/01/54
20,999
23,927,983
7.01%, 05/01/64
12,573
14,461,006
GE Capital International Funding Co. Unlimited
Co., 4.42%, 11/15/35
9,915
9,735,317
General Dynamics Corp.
3.63%, 04/01/30
12,465
12,233,347
4.25%, 04/01/40
6,115
5,629,856
4.25%, 04/01/50
6,476
5,586,948
4.95%, 08/15/35(a)
6,194
6,318,199
General Electric Co.
4.30%, 07/29/30(a)
9,837
9,902,205
4.90%, 01/29/36(a)
9,277
9,426,791
5.88%, 01/14/38
7,770
8,488,735
6.75%, 03/15/32(a)
9,858
11,204,651
L3Harris Technologies Inc.
5.05%, 06/01/29
10,844
11,124,048
5.25%, 06/01/31
7,481
7,783,624
5.35%, 06/01/34
8,893
9,237,016
5.40%, 07/31/33
10,125
10,563,752
Lockheed Martin Corp.
2.80%, 06/15/50
8,574
5,559,568
3.80%, 03/01/45
10,707
8,755,533
3.90%, 06/15/32(a)
9,093
8,895,224
4.07%, 12/15/42
7,722
6,705,372
4.09%, 09/15/52
13,782
11,192,107
4.15%, 06/15/53
5,836
4,768,517
4.40%, 08/15/30(a)
9,440
9,531,095
4.70%, 05/15/46
10,475
9,660,653
4.75%, 02/15/34(a)
7,364
7,454,033
5.00%, 08/15/35
8,185
8,338,563
5.20%, 02/15/55(a)
8,357
8,061,968
5.20%, 02/15/64
8,594
8,150,097
5.25%, 01/15/33
7,337
7,707,401
5.70%, 11/15/54(a)
8,220
8,478,252
5.90%, 11/15/63
7,411
7,882,786
Northrop Grumman Corp.
4.03%, 10/15/47(a)
23,279
19,065,326
4.40%, 05/01/30(a)
5,981
6,034,069
4.70%, 03/15/33(a)
12,185
12,294,544
4.75%, 06/01/43
6,868
6,385,259
4.90%, 06/01/34(a)
11,049
11,210,699
Security
Par
(000
)
Value
Aerospace & Defense (continued)
4.95%, 03/15/53
$7,464
$6,859,251
5.20%, 06/01/54(a)
9,799
9,349,873
5.25%, 05/01/50(a)
7,480
7,229,686
RTX Corp.
1.90%, 09/01/31
12,232
10,679,106
2.25%, 07/01/30(a)
14,247
13,078,710
2.38%, 03/15/32
11,449
10,150,864
2.82%, 09/01/51
11,076
7,072,147
3.03%, 03/15/52(a)
7,935
5,261,354
3.13%, 07/01/50
9,192
6,307,549
3.75%, 11/01/46
9,238
7,284,011
4.13%, 11/16/28(a)
2,511
2,512,277
4.15%, 05/15/45
11,104
9,401,297
4.35%, 04/15/47
5,954
5,115,627
4.45%, 11/16/38
12,368
11,689,945
4.50%, 06/01/42
28,330
25,742,397
4.63%, 11/16/48
15,920
14,130,420
5.15%, 02/27/33
9,359
9,706,822
5.38%, 02/27/53(a)
12,094
11,860,104
6.00%, 03/15/31(a)
6,428
6,940,218
6.10%, 03/15/34(a)
11,308
12,419,980
6.40%, 03/15/54
13,533
15,199,943
 
770,513,283
Agriculture — 1.8%
Altria Group Inc.
2.45%, 02/04/32
17,552
15,415,734
3.40%, 05/06/30
14,257
13,667,395
3.40%, 02/04/41(a)
12,280
9,465,747
3.70%, 02/04/51(a)
9,025
6,451,514
3.88%, 09/16/46
18,015
13,698,302
4.00%, 02/04/61(a)
7,458
5,454,525
4.25%, 08/09/42
7,606
6,357,655
4.80%, 02/14/29
4,010
4,070,812
5.38%, 01/31/44(a)
15,391
14,949,388
5.80%, 02/14/39
17,822
18,322,825
5.95%, 02/14/49(a)
22,772
23,057,288
Archer-Daniels-Midland Co.
2.70%, 09/15/51
4,126
2,598,255
2.90%, 03/01/32(a)
7,499
6,878,362
3.25%, 03/27/30
8,354
8,040,374
BAT Capital Corp.
2.73%, 03/25/31(a)
14,209
13,001,882
4.39%, 08/15/37
20,337
18,637,008
4.54%, 08/15/47
16,317
13,677,335
4.63%, 03/22/33
6,218
6,138,702
4.74%, 03/16/32
6,034
6,073,507
4.76%, 09/06/49(a)
9,707
8,248,372
4.91%, 04/02/30
7,954
8,104,394
5.35%, 08/15/32
10,483
10,845,854
5.63%, 08/15/35(a)
11,642
12,082,339
5.83%, 02/20/31
5,516
5,835,307
6.00%, 02/20/34
7,985
8,513,908
6.34%, 08/02/30
9,364
10,092,656
6.42%, 08/02/33(a)
5,480
6,021,845
7.08%, 08/02/43
6,577
7,401,138
7.08%, 08/02/53
9,192
10,476,393
BAT International Finance PLC, 5.93%,
02/02/29
6,943
7,286,692
Bunge Ltd. Finance Corp.
2.75%, 05/14/31(a)
9,147
8,403,039
4.20%, 09/17/29
7,717
7,707,416
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Agriculture (continued)
4.65%, 09/17/34
$7,013
$6,892,583
JBS USA LUX SARL/JBS USA Food Co./JBS
USA Foods Group, 5.95%, 04/20/35(a)(b)
6,768
7,077,775
Philip Morris International Inc.
1.75%, 11/01/30(a)
18,677
16,533,827
2.10%, 05/01/30
10,775
9,833,905
3.38%, 08/15/29
8,355
8,129,287
3.88%, 08/21/42
9,690
8,008,367
4.00%, 10/29/30
5,675
5,590,083
4.13%, 03/04/43(a)
6,965
5,939,613
4.25%, 10/29/32
5,790
5,650,580
4.25%, 11/10/44
9,096
7,780,899
4.38%, 04/30/30(a)
8,632
8,667,455
4.38%, 11/15/41
6,247
5,564,586
4.63%, 11/01/29(a)
5,988
6,075,087
4.63%, 10/29/35
5,675
5,537,311
4.75%, 11/01/31
6,385
6,502,985
4.88%, 02/13/29(a)
5,575
5,692,839
4.88%, 11/15/43
9,044
8,413,355
4.90%, 11/01/34
10,520
10,571,199
5.13%, 02/15/30
17,090
17,647,746
5.13%, 02/13/31
8,766
9,058,834
5.25%, 02/13/34
12,323
12,699,750
5.38%, 02/15/33
15,008
15,626,831
5.63%, 11/17/29
10,131
10,629,636
5.63%, 09/07/33
8,151
8,632,317
5.75%, 11/17/32
7,491
7,976,998
6.38%, 05/16/38(a)
10,985
12,255,645
Reynolds American Inc.
5.70%, 08/15/35(a)
7,169
7,466,601
5.85%, 08/15/45
16,851
16,688,878
 
574,120,935
Airlines — 0.0%
Delta Air Lines Inc., 5.25%, 07/10/30
1,725
1,762,516
Apparel — 0.1%
NIKE Inc.
2.85%, 03/27/30
12,500
11,885,379
3.25%, 03/27/40
8,844
7,176,398
3.38%, 03/27/50(a)
11,253
8,218,571
3.88%, 11/01/45(a)
9,356
7,653,746
Tapestry Inc.
5.10%, 03/11/30(a)
200
204,835
5.50%, 03/11/35
452
459,947
 
35,598,876
Auto Manufacturers — 2.2%
American Honda Finance Corp.
4.40%, 09/05/29(a)
7,903
7,962,378
4.90%, 03/13/29
5,895
6,022,950
4.90%, 01/10/34(a)
9,407
9,511,090
5.05%, 07/10/31(a)
7,677
7,880,712
5.15%, 07/09/32(a)
9,183
9,451,306
Cummins Inc.
1.50%, 09/01/30(a)
11,401
10,118,059
5.15%, 02/20/34
6,904
7,152,786
5.30%, 05/09/35(a)
9,273
9,601,509
5.45%, 02/20/54(a)
8,467
8,443,186
Ford Motor Co.
3.25%, 02/12/32
22,449
19,592,113
4.75%, 01/15/43
17,928
14,407,195
5.29%, 12/08/46
11,440
9,663,865
Security
Par
(000
)
Value
Auto Manufacturers (continued)
6.10%, 08/19/32(a)
$14,374
$14,739,629
7.45%, 07/16/31(a)
8,808
9,712,895
Ford Motor Credit Co. LLC
2.90%, 02/10/29
7,740
7,213,026
3.63%, 06/17/31
11,683
10,602,148
4.00%, 11/13/30
19,551
18,328,457
5.11%, 05/03/29(a)
11,874
11,828,525
5.30%, 09/06/29(a)
9,520
9,535,289
5.73%, 09/05/30
8,847
8,967,745
5.80%, 03/08/29(a)
8,436
8,579,745
5.88%, 11/07/29
9,370
9,561,060
6.05%, 03/05/31(a)
6,936
7,092,632
6.05%, 11/05/31
13,013
13,293,033
6.13%, 03/08/34(a)
11,821
11,970,776
6.50%, 02/07/35(a)
10,693
11,061,919
6.53%, 03/19/32(a)
9,428
9,829,865
6.80%, 11/07/28
4,794
5,007,519
7.12%, 11/07/33
10,999
11,817,328
7.20%, 06/10/30(a)
8,607
9,211,182
7.35%, 03/06/30
7,671
8,208,723
General Motors Co.
5.00%, 04/01/35(a)
7,625
7,486,696
5.15%, 04/01/38
5,727
5,513,905
5.20%, 04/01/45
11,206
10,151,699
5.40%, 10/15/29(a)
10,599
10,963,577
5.40%, 04/01/48(a)
6,361
5,847,898
5.60%, 10/15/32(a)
10,669
11,113,127
5.63%, 04/15/30
7,225
7,521,758
5.95%, 04/01/49(a)
7,593
7,462,927
6.25%, 10/02/43
13,190
13,486,277
6.60%, 04/01/36(a)
10,878
11,817,279
6.75%, 04/01/46(a)
6,707
7,252,917
General Motors Financial Co. Inc.
2.35%, 01/08/31(a)
10,100
9,022,079
2.70%, 06/10/31(a)
14,709
13,242,548
3.10%, 01/12/32
16,172
14,649,866
3.60%, 06/21/30
11,782
11,298,179
4.30%, 04/06/29
11,061
11,015,775
4.90%, 10/06/29(a)
11,279
11,436,703
5.35%, 01/07/30
5,395
5,550,797
5.45%, 07/15/30(a)
7,493
7,766,386
5.45%, 09/06/34
6,193
6,262,549
5.55%, 07/15/29
12,749
13,213,051
5.60%, 06/18/31
9,902
10,297,454
5.63%, 04/04/32(a)
6,939
7,207,757
5.75%, 02/08/31
6,457
6,761,678
5.80%, 01/07/29
7,858
8,184,582
5.85%, 04/06/30(a)
5,361
5,620,531
5.90%, 01/07/35(a)
9,209
9,583,063
5.95%, 04/04/34(a)
10,259
10,720,202
6.10%, 01/07/34(a)
10,522
11,117,385
6.15%, 07/15/35(a)
5,487
5,785,112
6.40%, 01/09/33(a)
5,603
6,035,521
Honda Motor Co. Ltd.
2.97%, 03/10/32
7,836
7,168,695
4.69%, 07/08/30
10,690
10,801,197
5.34%, 07/08/35(a)
11,087
11,353,396
Mercedes-Benz Finance North America LLC,
8.50%, 01/18/31
7,827
9,309,588
Toyota Motor Credit Corp.
2.15%, 02/13/30(a)
7,540
6,958,256
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Auto Manufacturers (continued)
3.38%, 04/01/30(a)
$8,469
$8,211,172
4.45%, 06/29/29
10,069
10,176,699
4.55%, 08/09/29
8,885
9,018,989
4.60%, 10/10/31(a)
7,973
8,082,719
4.65%, 01/05/29
5,232
5,330,339
4.80%, 05/15/30(a)
8,133
8,338,738
4.80%, 01/05/34(a)
6,324
6,444,334
5.05%, 05/16/29
7,659
7,902,269
5.10%, 03/21/31
8,177
8,484,104
5.35%, 01/09/35(a)
7,458
7,827,237
5.55%, 11/20/30(a)
5,659
6,000,849
 
731,166,504
Auto Parts & Equipment — 0.1%
Aptiv Swiss Holdings Ltd.
3.10%, 12/01/51
13,124
8,545,645
3.25%, 03/01/32(a)
10,264
9,500,298
4.15%, 05/01/52
8,764
6,790,022
 
24,835,965
Banks — 22.8%
Australia & New Zealand Banking Group
Ltd./New York, 4.62%, 12/16/29(a)
3,380
3,454,009
Banco Bilbao Vizcaya Argentaria SA
5.38%, 03/13/29(a)
5,578
5,766,501
6.03%, 03/13/35, (1-year CMT + 0.0195)(a)(c)
7,869
8,366,429
Banco Santander SA
2.75%, 12/03/30
18,214
16,534,562
2.96%, 03/25/31
13,411
12,418,067
3.31%, 06/27/29(a)
4,982
4,822,546
3.49%, 05/28/30
12,720
12,219,063
4.55%, 11/06/30
5,000
5,014,154
5.13%, 11/06/35
5,000
5,008,807
5.44%, 07/15/31
18,679
19,587,810
5.54%, 03/14/30, (1-year CMT + 0.02%)(c)
9,054
9,360,366
5.57%, 01/17/30
8,090
8,428,939
6.03%, 01/17/35(a)
6,957
7,468,046
6.35%, 03/14/34(a)
8,802
9,467,751
6.61%, 11/07/28
1,085
1,158,432
6.92%, 08/08/33(a)
15,344
17,025,767
6.94%, 11/07/33
9,589
10,995,046
Bank of America Corp.
1.90%, 07/23/31, (1-day SOFR + 1.53%)(c)
28,185
25,241,209
1.92%, 10/24/31, (1-day SOFR + 1.37%)(c)
27,367
24,385,406
2.30%, 07/21/32, (1-day SOFR + 1.22%)(a)(c)
30,072
26,768,074
2.50%, 02/13/31, (3-mo. CME Term SOFR +
1.25%)(c)
29,870
27,719,459
2.57%, 10/20/32, (1-day SOFR + 1.21%)(c)
35,358
31,803,888
2.59%, 04/29/31, (1-day SOFR + 2.15%)(c)
23,089
21,449,462
2.68%, 06/19/41, (1-day SOFR + 1.93%)(c)
36,528
27,040,659
2.69%, 04/22/32, (1-day SOFR + 1.32%)(c)
44,435
40,618,962
2.83%, 10/24/51, (1-day SOFR + 1.88%)(c)
13,772
8,936,984
2.88%, 10/22/30, (3-mo. CME Term SOFR +
1.45%)(c)
22,660
21,515,117
2.97%, 02/04/33, (1-day SOFR + 1.33%)(a)(c)
26,632
24,290,235
2.97%, 07/21/52, (1-day SOFR + 1.56%)(a)(c)
18,087
12,058,444
3.19%, 07/23/30, (3-mo. CME Term SOFR +
1.44%)(c)
27,726
26,729,403
3.31%, 04/22/42, (1-day SOFR + 1.58%)(c)
29,966
23,830,881
3.95%, 01/23/49, (3-mo. CME Term SOFR +
1.45%)(c)
13,211
10,708,646
Security
Par
(000
)
Value
Banks (continued)
3.97%, 02/07/30, (3-mo. CME Term SOFR +
1.47%)(c)
$25,972
$25,778,688
4.08%, 04/23/40, (3-mo. CME Term SOFR +
1.58%)(c)
10,808
9,691,716
4.08%, 03/20/51, (3-mo. CME Term SOFR +
3.41%)(c)
48,034
39,245,834
4.24%, 04/24/38, (3-mo. CME Term SOFR +
2.08%)(c)
15,962
14,922,037
4.33%, 03/15/50, (3-mo. CME Term SOFR +
1.78%)(c)
21,851
18,660,138
4.44%, 01/20/48, (3-mo. CME Term SOFR +
2.25%)(c)
15,661
13,761,098
4.57%, 04/27/33, (1-day SOFR + 1.83%)(c)
31,251
31,182,473
5.00%, 01/21/44
17,678
17,278,596
5.02%, 07/22/33, (1-day SOFR + 2.16%)(c)
46,662
47,738,469
5.16%, 01/24/31, (1-day SOFR + 1.00%)(a)(c)
12,670
13,085,499
5.29%, 04/25/34, (1-day SOFR + 1.91%)(c)
40,428
41,843,538
5.46%, 05/09/36, (1-day SOFR + 1.64%)(c)
17,808
18,616,008
5.47%, 01/23/35, (1-day SOFR + 1.65%)(a)(c)
43,369
45,312,703
5.51%, 01/24/36, (1-day SOFR + 1.31%)(c)
32,879
34,422,242
5.87%, 09/15/34, (1-day SOFR + 1.84%)(c)
31,390
33,601,049
5.88%, 02/07/42
13,387
14,371,128
6.00%, 10/15/36
10,406
11,292,800
6.11%, 01/29/37(a)
15,163
16,342,850
7.75%, 05/14/38
13,392
16,368,043
Series N, 2.65%, 03/11/32, (1-day SOFR +
1.22%)(c)
23,823
21,787,599
Series N, 3.48%, 03/13/52, (1-day SOFR +
1.65%)(c)
7,349
5,418,213
Bank of Montreal
4.35%, 09/22/31, (1-day SOFR Index +
1.80%)(a)(c)
12,018
11,971,605
4.64%, 09/10/30, (1-day SOFR + 1.25%)(c)
4,957
5,014,779
5.51%, 06/04/31
2,635
2,774,745
Bank of New York Mellon Corp. (The), 3.30%,
08/23/29
5,319
5,155,092
Bank of Nova Scotia (The)
2.45%, 02/02/32
10,147
9,043,955
4.34%, 09/15/31, (1-day SOFR + 1.09%)(c)
8,505
8,455,960
4.85%, 02/01/30
9,321
9,524,041
5.13%, 02/14/31, (1-day SOFR + 1.07%)(c)
6,531
6,706,199
5.65%, 02/01/34
4,936
5,252,212
Barclays PLC
2.65%, 06/24/31, (1-year CMT + 1.90%)(c)
15,465
14,246,598
2.67%, 03/10/32, (1-year CMT + 1.20%)(c)
16,940
15,360,055
2.89%, 11/24/32, (1-year CMT + 1.30%)(c)
7,757
7,010,227
3.33%, 11/24/42, (1-year CMT + 1.30%)(a)(c)
7,351
5,720,319
4.94%, 09/10/30, (1-day SOFR + 1.56%)(c)
14,512
14,744,188
4.95%, 01/10/47(a)
11,161
10,377,498
5.25%, 08/17/45(a)
9,843
9,509,945
5.34%, 09/10/35, (1-day SOFR + 1.91%)(c)
16,493
16,722,883
5.37%, 02/25/31, (1-day SOFR + 1.23%)(a)(c)
21,778
22,444,703
5.69%, 03/12/30, (1-day SOFR + 1.74%)(c)
15,816
16,420,916
5.75%, 08/09/33, (1-year CMT + 3.00%)(c)
9,939
10,447,810
5.79%, 02/25/36, (1-day SOFR + 1.59%)(a)(c)
21,047
22,012,704
5.86%, 08/11/46, (1-day SOFR + 1.83%)(c)
11,358
11,750,250
6.04%, 03/12/55, (1-day SOFR + 2.42%)(a)(c)
7,015
7,447,553
6.22%, 05/09/34, (1-day SOFR + 2.98%)(c)
15,863
17,072,064
6.69%, 09/13/34, (1-day SOFR + 2.62%)(c)
10,641
11,775,765
7.44%, 11/02/33, (1-year CMT + 3.50%)(c)
17,127
19,654,060
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
Blackstone Reg Finance Co. LLC, 5.00%,
12/06/34(a)
$9,506
$9,551,361
Canadian Imperial Bank of Commerce
3.60%, 04/07/32
9,701
9,214,797
4.58%, 09/08/31, (3-mo. CME Term SOFR +
1.70%)(a)(c)
10,453
10,481,663
4.63%, 09/11/30, (1-day SOFR + 1.34%)(a)(c)
7,527
7,607,050
5.25%, 01/13/31, (1-day SOFR + 1.11%)(a)(c)
7,033
7,255,231
5.26%, 04/08/29
9,096
9,403,840
6.09%, 10/03/33(a)
7,608
8,280,816
Citibank N.A.
4.84%, 08/06/29(a)
8,698
8,923,945
4.91%, 05/29/30(a)
32,614
33,534,031
5.57%, 04/30/34(a)
16,834
17,867,939
Citigroup Inc.
2.52%, 11/03/32, (1-day SOFR + 1.18%)(c)
29,474
26,195,200
2.56%, 05/01/32, (1-day SOFR + 1.17%)(c)
42,597
38,474,403
2.57%, 06/03/31, (1-day SOFR + 2.11%)(c)
39,253
36,192,094
2.67%, 01/29/31, (1-day SOFR + 1.15%)(c)
27,054
25,209,545
2.90%, 11/03/42, (1-day SOFR + 1.38%)(a)(c)
11,725
8,663,410
2.98%, 11/05/30, (1-day SOFR + 1.42%)(a)(c)
28,172
26,718,835
3.06%, 01/25/33, (1-day SOFR + 1.35%)(c)
35,738
32,652,077
3.79%, 03/17/33, (1-day SOFR + 1.94%)(c)
32,699
31,086,086
3.88%, 01/24/39, (3-mo. CME Term SOFR +
1.43%)(a)(c)
11,591
10,237,621
3.98%, 03/20/30, (3-mo. CME Term SOFR +
1.60%)(c)
15,097
14,929,532
4.28%, 04/24/48, (3-mo. CME Term SOFR +
2.10%)(c)
9,837
8,365,471
4.41%, 03/31/31, (1-day SOFR + 3.91%)(a)(c)
28,560
28,512,585
4.50%, 09/11/31, (1-day SOFR + 1.17%)(a)(c)
20,261
20,275,144
4.54%, 09/19/30, (1-day SOFR + 1.34%)(c)
24,862
25,011,803
4.65%, 07/30/45
10,002
9,054,878
4.65%, 07/23/48(a)
25,002
22,318,593
4.75%, 05/18/46
16,303
14,498,080
4.91%, 05/24/33, (1-day SOFR + 2.09%)(c)
15,530
15,711,807
4.95%, 05/07/31, (1-day SOFR + 1.46%)(c)
15,350
15,651,314
5.17%, 02/13/30, (1-day SOFR + 1.36%)(c)
18,548
19,026,920
5.17%, 09/11/36, (1-day SOFR + 1.49%)(a)(c)
14,446
14,618,729
5.30%, 05/06/44(a)
5,826
5,678,157
5.32%, 03/26/41, (1-day SOFR + 4.55%)(a)(c)
13,519
13,518,113
5.33%, 03/27/36, (1-day SOFR + 1.47%)(c)
19,539
19,999,472
5.45%, 06/11/35, (1-day SOFR + 1.45%)(a)(c)
21,582
22,392,715
5.61%, 03/04/56, (1-day SOFR + 1.75%)(c)
19,646
19,951,552
5.88%, 01/30/42
9,801
10,389,124
6.27%, 11/17/33, (1-day SOFR + 2.34%)(c)
22,760
24,828,900
6.63%, 06/15/32(a)
6,947
7,699,454
6.68%, 09/13/43
8,681
9,803,643
8.13%, 07/15/39
16,690
21,382,888
Citizens Financial Group Inc.
3.25%, 04/30/30
16,566
15,689,196
5.25%, 03/05/31, (1-day SOFR + 1.26%)(c)
7,923
8,100,911
5.72%, 07/23/32, (1-day SOFR + 1.91%)(c)
10,290
10,731,887
5.84%, 01/23/30, (1-day SOFR + 2.01%)(c)
6,114
6,353,364
6.65%, 04/25/35, (1-day SOFR + 2.33%)(c)
3,282
3,595,734
Commonwealth Bank of Australia, 4.15%,
10/01/30
3,006
3,010,956
Cooperatieve Rabobank UA
5.25%, 05/24/41(a)
10,808
10,910,153
5.25%, 08/04/45(a)
10,414
9,977,281
5.75%, 12/01/43
11,001
11,273,814
Security
Par
(000
)
Value
Banks (continued)
Cooperatieve Rabobank UA/NY, 4.49%,
10/17/29(a)
$2,988
$3,038,943
Deutsche Bank AG/New York NY
3.04%, 05/28/32, (1-day SOFR + 1.72%)(c)
14,015
12,819,783
3.55%, 09/18/31, (1-day SOFR + 3.04%)(a)(c)
8,925
8,464,898
5.00%, 09/11/30, (1-day SOFR + 1.70%)(c)
13,237
13,403,146
5.30%, 05/09/31, (1-day SOFR + 1.72%)(c)
12,309
12,591,266
5.40%, 09/11/35, (1-day SOFR + 2.05%)(a)(c)
6,656
6,774,866
5.41%, 05/10/29(a)
13,064
13,570,781
6.82%, 11/20/29, (1-day SOFR + 2.51%)(a)(c)
9,975
10,646,851
Fifth Third Bancorp
4.77%, 07/28/30, (1-day SOFR Index +
2.13%)(c)
12,596
12,715,726
4.90%, 09/06/30, (1-day SOFR + 1.49%)(a)(c)
12,371
12,544,357
5.63%, 01/29/32, (1-day SOFR + 1.84%)(a)(c)
10,200
10,663,150
8.25%, 03/01/38
2,961
3,649,114
Goldman Sachs Capital I, 6.35%, 02/15/34
11,156
11,929,047
Goldman Sachs Group Inc. (The)
1.99%, 01/27/32, (1-day SOFR + 1.09%)(c)
38,239
33,805,486
2.38%, 07/21/32, (1-day SOFR + 1.25%)(c)
59,607
53,108,758
2.60%, 02/07/30(a)
19,567
18,338,138
2.62%, 04/22/32, (1-day SOFR + 1.28%)(c)
23,745
21,543,176
2.65%, 10/21/32, (1-day SOFR + 1.26%)(c)
30,520
27,438,670
2.91%, 07/21/42, (1-day SOFR + 1.47%)(c)
17,326
12,880,658
3.10%, 02/24/33, (1-day SOFR + 1.41%)(c)
33,120
30,379,287
3.21%, 04/22/42, (1-day SOFR + 1.51%)(a)(c)
17,808
13,800,443
3.44%, 02/24/43, (1-day SOFR + 1.63%)(c)
17,214
13,563,647
3.80%, 03/15/30(a)
19,649
19,310,043
4.02%, 10/31/38, (3-mo. CME Term SOFR +
1.64%)(c)
21,795
19,556,385
4.37%, 10/21/31, (1-day SOFR + 1.06%)(c)
25,133
25,007,712
4.41%, 04/23/39, (3-mo. CME Term SOFR +
1.69%)(a)(c)
10,337
9,597,665
4.69%, 10/23/30, (1-day SOFR + 1.14%)(c)
18,301
18,517,852
4.75%, 10/21/45
17,569
16,077,246
4.80%, 07/08/44
14,483
13,502,382
4.94%, 10/21/36, (1-day SOFR + 1.33%)(c)
27,032
26,909,588
5.02%, 10/23/35, (1-day SOFR + 1.42%)(c)
31,207
31,399,382
5.05%, 07/23/30, (1-day SOFR + 1.21%)(a)(c)
30,784
31,504,629
5.15%, 05/22/45
13,960
13,193,687
5.21%, 01/28/31, (1-day SOFR + 1.08%)(c)
11,161
11,511,654
5.22%, 04/23/31, (1-day SOFR + 1.58%)(c)
17,163
17,700,811
5.33%, 07/23/35, (1-day SOFR + 1.55%)(c)
20,002
20,593,639
5.54%, 01/28/36, (1-day SOFR + 1.38%)(a)(c)
23,862
24,813,409
5.56%, 11/19/45, (1-day SOFR + 1.58%)(c)
33,769
34,201,571
5.73%, 04/25/30, (1-day SOFR + 0.27%)(c)
19,133
19,991,861
5.73%, 01/28/56, (1-day SOFR + 1.70%)(c)
28,694
29,699,885
5.85%, 04/25/35, (1-day SOFR + 1.55%)(c)
18,915
20,151,177
6.13%, 02/15/33(a)
9,553
10,461,140
6.25%, 02/01/41
18,331
20,176,607
6.56%, 10/24/34, (1-day SOFR + 1.95%)(c)
9,960
11,125,300
6.75%, 10/01/37(a)
43,327
48,546,192
HSBC Holdings PLC
2.36%, 08/18/31, (1-day SOFR + 1.95%)(c)
24,258
22,008,691
2.80%, 05/24/32, (1-day SOFR + 1.19%)(c)
25,270
23,004,135
2.85%, 06/04/31, (1-day SOFR + 2.39%)(c)
25,245
23,505,412
2.87%, 11/22/32, (1-day SOFR + 1.41%)(c)
18,405
16,624,800
3.97%, 05/22/30, (3-mo. CME Term SOFR +
1.87%)(c)
25,363
25,002,178
4.62%, 11/06/31, (1-day SOFR + 1.19%)(c)
11,800
11,833,203
4.95%, 03/31/30
22,170
22,711,522
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
5.13%, 03/03/31, (1-day SOFR + 1.29%)(c)
$12,785
$13,077,753
5.13%, 11/06/36
11,800
11,842,872
5.24%, 05/13/31, (1-day SOFR + 1.57%)(c)
14,576
14,998,660
5.25%, 03/14/44(a)
11,259
11,032,330
5.29%, 11/19/30, (1-day SOFR + 1.29%)(c)
17,603
18,149,314
5.40%, 08/11/33, (1-day SOFR + 2.87%)(a)(c)
27,002
27,997,526
5.45%, 03/03/36, (1-day SOFR + 1.56%)(a)(c)
20,569
21,212,125
5.55%, 03/04/30, (1-day SOFR + 1.46%)(a)(c)
16,064
16,646,794
5.72%, 03/04/35, (1-day SOFR + 1.78%)(c)
15,011
15,835,392
5.73%, 05/17/32, (1-day SOFR + 1.52%)(a)(c)
15,622
16,441,027
5.79%, 05/13/36, (1-day SOFR + 1.88%)(a)(c)
15,032
15,859,503
6.10%, 01/14/42(a)
4,301
4,696,693
6.25%, 03/09/34, (1-day SOFR + 2.39%)(c)
17,820
19,420,045
6.33%, 03/09/44, (1-day SOFR + 2.65%)(a)(c)
21,282
23,480,820
6.50%, 05/02/36(a)
1,205
1,329,851
6.50%, 09/15/37
22,999
25,020,610
6.80%, 06/01/38
1,277
1,444,477
Huntington Bancshares Inc./Ohio
2.55%, 02/04/30
9,271
8,588,704
5.27%, 01/15/31, (1-day SOFR + 1.28%)(a)(c)
8,240
8,479,482
5.71%, 02/02/35, (1-day SOFR Index +
1.87%)(a)(c)
9,200
9,559,252
Huntington National Bank (The), 5.65%,
01/10/30
7,516
7,850,625
ING Groep NV
2.73%, 04/01/32, (1-day SOFR + 1.32%)(c)
10,581
9,708,311
4.05%, 04/09/29
6,483
6,434,935
4.25%, 03/28/33, (1-day SOFR + 2.07%)(c)
12,585
12,328,154
5.07%, 03/25/31, (1-day SOFR Index +
1.230%)(c)
9,560
9,788,012
5.34%, 03/19/30, (1-day SOFR + 1.44%)(c)
10,458
10,785,661
5.53%, 03/25/36, (1-day SOFR + 1.61%)(a)(c)
8,575
8,910,783
5.55%, 03/19/35, (1-day SOFR + 1.77%)(c)
12,865
13,400,091
6.11%, 09/11/34, (1-day SOFR + 2.09%)(c)
7,841
8,474,230
JPMorgan Chase & Co.
1.76%, 11/19/31, (3-mo. CME Term SOFR +
1.11%)(c)
27,928
24,714,216
1.95%, 02/04/32, (1-day SOFR + 1.07%)(c)
35,763
31,677,081
2.52%, 04/22/31, (1-day SOFR + 2.04%)(c)
23,842
22,144,645
2.53%, 11/19/41, (3-mo. CME Term SOFR +
1.51%)(c)
13,863
10,057,222
2.55%, 11/08/32, (1-day SOFR + 1.18%)(c)
34,650
31,138,572
2.58%, 04/22/32, (3-mo. CME Term SOFR +
1.25%)(c)
40,070
36,505,782
2.74%, 10/15/30, (3-mo. CME Term SOFR +
1.51%)(c)
25,165
23,793,170
2.96%, 01/25/33, (1-day SOFR + 1.26%)(c)
41,421
37,915,321
3.11%, 04/22/41, (3-mo. CME Term SOFR +
2.46%)(a)(c)
8,985
7,085,600
3.11%, 04/22/51, (1-day SOFR + 2.44%)(c)
27,693
19,231,329
3.16%, 04/22/42, (3-mo. CME Term SOFR +
1.46%)(c)
13,195
10,317,516
3.33%, 04/22/52, (1-day SOFR + 1.58%)(c)
30,933
22,270,869
3.70%, 05/06/30, (3-mo. CME Term SOFR +
1.42%)(a)(c)
19,836
19,499,708
3.88%, 07/24/38, (3-mo. CME Term SOFR +
1.62%)(c)
25,331
22,817,377
3.90%, 01/23/49, (3-mo. CME Term SOFR +
1.48%)(c)
17,946
14,569,925
3.96%, 11/15/48, (3-mo. CME Term SOFR +
1.64%)(a)(c)
30,185
24,765,962
Security
Par
(000
)
Value
Banks (continued)
4.03%, 07/24/48, (3-mo. CME Term SOFR +
1.72%)(c)
$14,056
$11,666,148
4.26%, 10/22/31, (1-day SOFR + 0.93%)(c)
16,061
16,007,202
4.26%, 02/22/48, (3-mo. CME Term SOFR +
1.84%)(c)
17,773
15,341,394
4.45%, 12/05/29, (3-mo. CME Term SOFR +
1.59%)(c)
17,221
17,348,015
4.49%, 03/24/31, (3-mo. CME Term SOFR +
3.79%)(a)(c)
24,938
25,149,851
4.57%, 06/14/30, (1-day SOFR + 1.75%)(c)
21,112
21,343,033
4.59%, 04/26/33, (1-day SOFR + 1.80%)(c)
12,997
13,036,135
4.60%, 10/22/30, (1-day SOFR + 1.04%)(c)
15,924
16,123,029
4.81%, 10/22/36, (1-day SOFR + 1.19%)(a)(c)
21,863
21,778,886
4.85%, 02/01/44
10,663
10,218,133
4.91%, 07/25/33, (1-day SOFR + 2.08%)(c)
36,087
36,802,685
4.95%, 10/22/35, (1-day SOFR + 1.34%)(a)(c)
29,600
29,904,377
4.95%, 06/01/45(a)
10,651
10,139,010
5.00%, 07/22/30, (1-day SOFR + 0.13%)(c)
23,339
23,931,556
5.01%, 01/23/30, (1-day SOFR + 1.31%)(c)
7,577
7,759,215
5.10%, 04/22/31, (1-day SOFR + 1.44%)(a)(c)
13,910
14,363,136
5.14%, 01/24/31, (1-day SOFR + 1.01%)(c)
20,283
20,945,982
5.29%, 07/22/35, (1-day SOFR + 1.46%)(c)
32,846
33,965,342
5.34%, 01/23/35, (1-day SOFR + 1.62%)(c)
25,129
26,057,290
5.35%, 06/01/34, (1-day SOFR + 1.85%)(c)
37,907
39,528,498
5.40%, 01/06/42
8,518
8,721,201
5.50%, 01/24/36, (1-day SOFR + 1.32%)(c)
22,206
23,275,214
5.50%, 10/15/40(a)
8,796
9,227,874
5.53%, 11/29/45, (1-day SOFR + 1.55%)(c)
20,250
20,832,226
5.57%, 04/22/36, (1-day SOFR + 1.68%)(c)
30,655
32,292,060
5.58%, 04/22/30, (1-day SOFR + 0.16%)(c)
22,508
23,481,712
5.60%, 07/15/41
14,737
15,453,422
5.63%, 08/16/43(a)
7,703
7,975,797
5.77%, 04/22/35, (1-day SOFR + 1.49%)(c)
26,116
27,856,788
6.25%, 10/23/34, (1-day SOFR + 1.81%)(a)(c)
19,621
21,593,362
6.40%, 05/15/38
15,650
17,786,222
KeyBank NA, 5.00%, 01/26/33
4,973
5,000,237
KeyBank NA/Cleveland OH, 4.90%, 08/08/32
4,973
4,913,981
KeyCorp
2.55%, 10/01/29(a)
5,622
5,269,139
4.79%, 06/01/33, (1-day SOFR Index +
2.06%)(c)
1,840
1,830,154
6.40%, 03/06/35, (1-day SOFR Index +
2.42%)(a)(c)
6,105
6,608,036
Lloyds Banking Group PLC
4.34%, 01/09/48(a)
11,617
9,588,801
4.43%, 11/04/31, (1-year CMT + 0.82%)(c)
10,200
10,148,776
4.94%, 11/04/36, (1-year CMT + 0.97%)(c)
8,400
8,324,777
4.98%, 08/11/33, (1-year CMT + 2.30%)(a)(c)
11,289
11,455,373
5.30%, 12/01/45
8,888
8,464,745
5.59%, 11/26/35, (1-year CMT + 1.20%)(a)(c)
5,210
5,431,150
5.68%, 01/05/35, (1-year CMT + 1.75%)(a)(c)
10,709
11,231,788
5.72%, 06/05/30, (1-year CMT + 1.07%)(c)
17,083
17,869,705
M&T Bank Corp.
5.05%, 01/27/34, (1-day SOFR + 1.85%)(c)
8,442
8,467,990
5.18%, 07/08/31, (1-day SOFR + 1.40%)(c)
8,467
8,634,119
5.39%, 01/16/36, (1-day SOFR + 1.61%)(a)(c)
8,049
8,138,838
6.08%, 03/13/32, (1-day SOFR + 2.26%)(c)
8,192
8,661,334
7.41%, 10/30/29, (1-day SOFR + 2.80%)(a)(c)
5,875
6,358,616
Mitsubishi UFJ Financial Group Inc.
2.05%, 07/17/30
13,433
12,144,362
2.31%, 07/20/32, (1-year CMT + 0.95%)(c)
9,581
8,516,895
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
2.49%, 10/13/32, (1-year CMT + 0.97%)(c)
$7,873
$7,043,394
2.56%, 02/25/30(a)
11,960
11,158,434
2.85%, 01/19/33, (1-year CMT + 1.10%)(c)
10,369
9,404,338
3.20%, 07/18/29
7,820
7,539,400
3.74%, 03/07/29(a)
9,789
9,677,593
3.75%, 07/18/39
15,230
13,402,660
4.53%, 09/12/31, (1-year CMT + 0.80%)(c)
12,784
12,841,092
5.13%, 07/20/33, (1-year CMT + 2.13%)(c)
8,256
8,513,108
5.16%, 04/24/31, (1-year CMT + 1.17%)(c)
13,387
13,804,630
5.19%, 09/12/36, (1-year CMT + 0.93%)(c)
10,070
10,270,810
5.20%, 01/16/31, (1-year CMT + 0.78%)(c)
7,172
7,397,896
5.26%, 04/17/30, (1-year CMT + 0.82%)(a)(c)
8,882
9,172,742
5.41%, 04/19/34, (1-year CMT + 1.97%)(a)(c)
5,940
6,236,925
5.43%, 04/17/35, (1-year CMT + 1.00%)(c)
12,206
12,722,071
5.44%, 02/22/34, (1-year CMT + 1.63%)(c)
8,585
9,008,411
5.47%, 09/13/33, (1-year CMT + 2.13%)(a)(c)
4,983
5,233,799
5.57%, 01/16/36, (1-year CMT + 0.95%)(c)
8,352
8,762,827
5.62%, 04/24/36, (1-year CMT + 1.27%)(c)
15,823
16,632,650
Mizuho Financial Group Inc.
1.98%, 09/08/31, (3-mo. CME Term SOFR +
1.53%)(c)
13,279
11,861,501
2.20%, 07/10/31, (3-mo. CME Term SOFR +
1.77%)(a)(c)
13,192
11,958,510
2.56%, 09/13/31
10,326
9,185,791
3.15%, 07/16/30, (3-mo. CME Term SOFR +
1.39%)(c)
8,921
8,561,602
4.71%, 07/08/31, (1-year CMT + 0.92%)(c)
8,996
9,095,333
5.32%, 07/08/36, (1-year CMT + 1.07%)(c)
11,807
12,145,328
5.38%, 05/26/30, (1-year CMT + 1.12%)(c)
8,120
8,403,624
5.38%, 07/10/30, (1-year CMT + 1.08%)(c)
9,222
9,553,576
5.42%, 05/13/36, (1-year CMT + 0.98%)(a)(c)
6,225
6,454,190
5.58%, 05/26/35, (1-year CMT + 1.30%)(a)(c)
4,160
4,358,326
5.67%, 09/13/33, (1-year CMT + 2.40%)(c)
6,160
6,524,540
5.75%, 05/27/34, (1-year CMT + 1.80%)(c)
4,737
5,032,656
5.75%, 07/06/34, (1-year CMT + 1.90%)(c)
6,358
6,762,063
Morgan Stanley
1.79%, 02/13/32, (1-day SOFR + 1.03%)(c)
26,267
22,956,696
1.93%, 04/28/32, (1-day SOFR + 1.02%)(c)
27,634
24,196,422
2.24%, 07/21/32, (1-day SOFR + 1.18%)(a)(c)
30,782
27,245,034
2.51%, 10/20/32, (1-day SOFR + 1.20%)(c)
26,336
23,550,526
2.70%, 01/22/31, (1-day SOFR + 1.14%)(c)
37,732
35,296,422
2.80%, 01/25/52, (1-day SOFR + 1.43%)(a)(c)
20,421
13,180,471
2.94%, 01/21/33, (1-day SOFR + 1.29%)(c)
25,847
23,519,656
3.22%, 04/22/42, (1-day SOFR + 1.49%)(c)
14,604
11,465,251
3.62%, 04/01/31, (1-day SOFR + 3.12%)(c)
15,520
15,069,977
3.97%, 07/22/38(a)(c)
22,036
19,837,794
4.30%, 01/27/45
23,618
20,761,448
4.38%, 01/22/47
20,827
18,245,704
4.43%, 01/23/30, (3-mo. CME Term SOFR +
1.89%)(a)(c)
9,482
9,532,383
4.46%, 04/22/39, (3-mo. CME Term SOFR +
1.69%)(c)
17,638
16,599,822
4.65%, 10/18/30, (1-day SOFR + 1.10%)(c)
30,699
31,048,428
4.89%, 07/20/33, (1-day SOFR + 2.08%)(c)
17,214
17,478,044
5.04%, 07/19/30, (1-day SOFR + 1.22%)(c)
6,927
7,097,532
5.17%, 01/16/30, (1-day SOFR + 1.45%)(c)
7,322
7,516,488
5.19%, 04/17/31, (1-day SOFR + 1.51%)(c)
18,967
19,545,484
5.23%, 01/15/31, (1-day SOFR + 1.11%)(c)
25,324
26,144,080
5.25%, 04/21/34, (1-day SOFR + 1.87%)(c)
21,878
22,569,273
5.32%, 07/19/35, (1-day SOFR + 1.56%)(c)
25,087
25,813,595
5.42%, 07/21/34, (1-day SOFR + 1.88%)(c)
21,755
22,671,445
Security
Par
(000
)
Value
Banks (continued)
5.47%, 01/18/35, (1-day SOFR + 1.73%)(c)
$22,901
$23,818,858
5.52%, 11/19/55, (1-day SOFR + 1.71%)(c)
24,782
25,078,110
5.59%, 01/18/36, (1-day SOFR + 1.42%)(c)
21,064
22,045,096
5.60%, 03/24/51, (1-day SOFR + 4.84%)(c)
16,716
17,043,822
5.66%, 04/18/30, (1-day SOFR + 1.26%)(c)
21,983
22,921,916
5.66%, 04/17/36, (1-day SOFR + 1.76%)(c)
22,811
23,991,551
5.83%, 04/19/35, (1-day SOFR + 1.58%)(c)
28,058
29,905,316
6.34%, 10/18/33, (1-day SOFR + 2.56%)(c)
25,678
28,215,148
6.38%, 07/24/42
16,002
18,004,937
6.41%, 11/01/29, (1-day SOFR + 1.83%)(c)
8,652
9,173,581
6.63%, 11/01/34, (1-day SOFR + 2.05%)(c)
14,014
15,687,315
7.25%, 04/01/32(a)
9,485
10,961,540
Series I, 4.36%, 10/22/31, (1-day SOFR +
1.07%)(a)(c)
25,714
25,626,665
Series I, 4.89%, 10/22/36, (1-day SOFR +
1.31%)(c)
21,818
21,684,799
Morgan Stanley Private Bank N.A., 4.73%,
07/18/31, (1-day SOFR + 1.08%)(c)
27,767
28,193,232
National Australia Bank Ltd./New York
4.53%, 06/13/30
3,686
3,749,962
4.79%, 01/10/29
4,079
4,174,041
4.90%, 01/14/30
3,077
3,175,039
National Bank of Canada
4.50%, 10/10/29
4,697
4,739,583
5.60%, 12/18/28
2,711
2,825,897
NatWest Group PLC
4.45%, 05/08/30, (3-mo. SOFR US +
2.13%)(c)
12,949
12,975,490
4.96%, 08/15/30, (1-year CMT + 1.22%)(c)
19,880
20,269,473
5.08%, 01/27/30, (3-mo. SOFR US +
2.17%)(c)
9,550
9,750,364
5.12%, 05/23/31, (1-year CMT + 1.05%)(c)
12,168
12,492,546
5.78%, 03/01/35, (1-year CMT + 1.50%)(c)
11,537
12,187,507
6.02%, 03/02/34, (1-year CMT + 2.10%)(a)(c)
7,897
8,485,221
Northern Trust Corp.
1.95%, 05/01/30
7,006
6,394,888
6.13%, 11/02/32
5,874
6,419,271
PNC Bank N.A., 2.70%, 10/22/29
10,059
9,462,699
PNC Financial Services Group Inc. (The)
2.31%, 04/23/32, (1-day SOFR + 0.98%)(c)
13,912
12,431,908
2.55%, 01/22/30(a)
19,472
18,243,500
3.45%, 04/23/29(a)
11,540
11,310,092
4.81%, 10/21/32, (1-day SOFR + 1.26%)(c)
8,223
8,339,892
4.90%, 05/13/31, (1-day SOFR + 1.33%)(a)(c)
6,844
6,987,142
5.07%, 01/24/34, (1-day SOFR + 1.93%)(c)
9,031
9,211,402
5.22%, 01/29/31, (1-day SOFR + 1.07%)(c)
10,698
11,056,995
5.37%, 07/21/36, (1-day SOFR + 1.42%)(c)
15,519
15,946,143
5.40%, 07/23/35, (1-day SOFR + 1.60%)(c)
12,277
12,703,153
5.49%, 05/14/30, (1-day SOFR + 1.20%)(c)
15,110
15,713,493
5.58%, 01/29/36, (1-day SOFR + 1.39%)(c)
14,927
15,582,589
5.68%, 01/22/35, (1-day SOFR + 1.90%)(c)
14,182
14,950,289
5.94%, 08/18/34, (1-day SOFR + 1.95%)(a)(c)
6,080
6,519,061
6.04%, 10/28/33, (1-day SOFR Index +
2.14%)(c)
11,399
12,278,489
6.88%, 10/20/34, (1-day SOFR + 2.28%)(c)
13,483
15,249,193
Regions Financial Corp.
5.50%, 09/06/35, (1-day SOFR +2 0.06%)(c)
6,344
6,504,723
5.72%, 06/06/30, (1-day SOFR + 1.49%)(c)
5,372
5,582,456
Royal Bank of Canada
2.30%, 11/03/31
16,585
14,841,671
3.88%, 05/04/32(a)
13,417
13,019,583
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
4.31%, 11/03/31, (1-day SOFR + 0.98%)(c)
$8,425
$8,380,300
4.65%, 10/18/30, (1-day SOFR Index +
1.80%)(a)(c)
10,810
10,931,423
4.70%, 08/06/31, (1-day SOFR + 1.06%)(c)
11,119
11,259,484
4.95%, 02/01/29
6,685
6,865,069
4.97%, 08/02/30, (1-day SOFR + 1.00%)(c)
8,254
8,439,526
4.97%, 05/02/31, (1-day SOFR Index +
1.30%)(c)
11,214
11,487,071
5.00%, 02/01/33
9,862
10,165,283
5.00%, 05/02/33
7,612
7,827,057
5.15%, 02/04/31, (1-day SOFR + 1.03%)(a)(c)
11,958
12,317,258
5.15%, 02/01/34(a)
12,753
13,311,894
Santander Holdings USA Inc.
5.35%, 09/06/30, (1-day SOFR + 1.94%)(c)
9,455
9,633,109
5.74%, 03/20/31, (1-day SOFR + 1.88%)(c)
6,169
6,357,438
6.17%, 01/09/30, (1-day SOFR + 2.50%)(a)(c)
8,818
9,178,334
6.34%, 05/31/35, (1-day SOFR + 2.14%)(a)(c)
5,642
5,994,648
Santander U.K. Group Holdings PLC
4.86%, 09/11/30, (1-day SOFR Index +
1.55%)(c)
6,853
6,930,797
5.14%, 09/22/36, (1-day SOFR Index +
1.58%)(c)
10,886
10,791,324
5.69%, 04/15/31, (1-day SOFR Index +
1.52%)(c)
8,001
8,338,385
State Street Bank & Trust Co., 4.78%,
11/23/29(a)
5,807
5,965,597
State Street Corp.
2.20%, 03/03/31
6,982
6,246,931
2.40%, 01/24/30(a)
6,484
6,090,723
4.83%, 04/24/30(a)
7,121
7,311,356
Sumitomo Mitsui Financial Group Inc.
2.13%, 07/08/30(a)
21,997
19,959,966
2.22%, 09/17/31(a)
18,892
16,725,856
2.75%, 01/15/30
13,448
12,637,797
2.93%, 09/17/41(a)
5,366
3,970,136
3.04%, 07/16/29
16,449
15,755,625
5.24%, 04/15/30(a)
7,168
7,430,228
5.32%, 07/09/29(a)
12,785
13,241,905
5.42%, 07/09/31(a)
14,039
14,694,319
5.56%, 07/09/34(a)
11,968
12,629,733
5.63%, 01/15/35(a)
6,017
6,399,897
5.71%, 01/13/30
11,674
12,300,284
5.77%, 01/13/33(a)
11,038
11,795,879
5.81%, 09/14/33(a)
6,971
7,484,662
5.84%, 07/09/44
9,272
9,698,646
6.18%, 07/13/43(a)
5,258
5,774,362
Toronto-Dominion Bank (The)
2.00%, 09/10/31(a)
9,887
8,798,284
3.20%, 03/10/32
9,001
8,372,178
4.46%, 06/08/32
14,116
14,120,150
4.78%, 12/17/29
5,298
5,408,107
4.81%, 06/03/30(a)
7,045
7,184,225
4.93%, 10/15/35
8,974
8,996,631
4.99%, 04/05/29
3,869
3,966,206
5.30%, 01/30/32
8,887
9,278,116
Truist Bank, 2.25%, 03/11/30
14,833
13,544,698
Truist Financial Corp.
1.95%, 06/05/30
12,820
11,557,470
4.96%, 10/23/36, (1-day SOFR + 1.40%)(c)
10,553
10,399,061
5.07%, 05/20/31, (1-day SOFR + 1.31%)(c)
9,871
10,100,704
5.12%, 01/26/34, (1-day SOFR + 1.85%)(a)(c)
13,722
13,887,093
Security
Par
(000
)
Value
Banks (continued)
5.15%, 08/05/32, (1-day SOFR + 1.57%)(c)
$9,598
$9,825,565
5.44%, 01/24/30, (1-day SOFR + 1.62%)(c)
8,391
8,668,935
5.71%, 01/24/35, (1-day SOFR + 1.92%)(c)
17,234
18,056,250
5.87%, 06/08/34, (1-day SOFR + 2.36%)(c)
10,097
10,682,008
6.12%, 10/28/33, (1-day SOFR + 2.30%)(c)
5,259
5,646,825
7.16%, 10/30/29, (1-day SOFR + 2.45%)(c)
8,449
9,128,103
U.S. Bancorp
1.38%, 07/22/30
18,126
15,929,908
2.68%, 01/27/33, (1-day SOFR + 1.02%)(a)(c)
8,400
7,527,668
3.00%, 07/30/29
17,538
16,803,766
4.84%, 02/01/34, (1-day SOFR + 1.60%)(c)
12,498
12,552,269
5.05%, 02/12/31, (1-day SOFR + 1.06%)(c)
11,236
11,518,363
5.08%, 05/15/31, (1-day SOFR + 1.30%)(a)(c)
11,260
11,570,153
5.10%, 07/23/30, (1-day SOFR + 1.25%)(c)
9,238
9,491,586
5.38%, 01/23/30, (1-day SOFR + 1.56%)(c)
14,218
14,689,745
5.42%, 02/12/36, (1-day SOFR + 1.41%)(a)(c)
12,208
12,648,543
5.68%, 01/23/35, (1-day SOFR + 1.86%)(c)
11,346
11,946,922
5.84%, 06/12/34, (1-day SOFR + 2.26%)(c)
12,059
12,845,562
5.85%, 10/21/33, (1-day SOFR + 2.09%)(c)
10,017
10,674,493
UBS AG/London, 4.50%, 06/26/48(a)
7,784
6,963,686
UBS Group AG, 4.88%, 05/15/45
13,318
12,520,179
Wachovia Corp., 5.50%, 08/01/35
10,414
10,737,427
Wells Fargo & Co.
2.57%, 02/11/31, (3-mo. CME Term SOFR +
1.26%)(c)
28,932
26,969,224
2.88%, 10/30/30, (3-mo. CME Term SOFR +
1.43%)(c)
32,546
30,846,458
3.07%, 04/30/41, (1-day SOFR + 2.53%)(c)
29,191
22,758,827
3.35%, 03/02/33, (1-day SOFR + 1.50%)(c)
47,284
44,104,567
3.90%, 05/01/45
18,205
14,945,591
4.15%, 01/24/29
4,900
4,902,176
4.40%, 06/14/46
20,159
17,091,357
4.48%, 04/04/31, (3-mo. CME Term SOFR +
4.03%)(c)
19,111
19,219,923
4.61%, 04/25/53, (1-day SOFR + 2.13%)(c)
30,410
26,711,606
4.65%, 11/04/44
15,495
13,713,523
4.75%, 12/07/46
18,644
16,573,265
4.89%, 09/15/36, (1-day SOFR + 1.34%)(a)(c)
24,000
23,971,651
4.90%, 07/25/33, (1-day SOFR + 2.10%)(c)
40,231
40,832,421
4.90%, 11/17/45
16,353
14,931,767
5.01%, 04/04/51, (3-mo. CME Term SOFR +
4.50%)(c)
45,483
42,433,920
5.15%, 04/23/31, (1-day SOFR + 1.50%)(c)
34,426
35,504,904
5.20%, 01/23/30, (1-day SOFR + 1.50%)(c)
9,040
9,297,212
5.21%, 12/03/35, (1-day SOFR + 1.38%)(c)
17,743
18,131,259
5.24%, 01/24/31, (1-day SOFR + 1.11%)(c)
18,346
18,969,854
5.38%, 11/02/43
15,418
15,079,347
5.39%, 04/24/34, (1-day SOFR + 2.02%)(a)(c)
30,999
32,179,485
5.50%, 01/23/35, (1-day SOFR + 1.78%)(c)
27,048
28,217,496
5.56%, 07/25/34, (1-day SOFR + 1.99%)(c)
38,196
40,077,535
5.61%, 04/23/36, (1-day SOFR + 1.74%)(c)
20,903
21,804,737
5.61%, 01/15/44
23,567
23,613,399
6.49%, 10/23/34, (1-day SOFR + 2.06%)(c)
25,424
28,223,551
Wells Fargo Bank NA
5.85%, 02/01/37(a)
8,108
8,587,371
6.60%, 01/15/38
11,675
13,128,348
Westpac Banking Corp.
1.95%, 11/20/28
3,903
3,680,750
2.15%, 06/03/31
7,866
7,087,213
2.65%, 01/16/30(a)
9,912
9,377,112
2.96%, 11/16/40
9,236
7,091,091
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
3.13%, 11/18/41
$6,737
$5,108,560
4.35%, 07/01/30
14,918
15,067,384
4.42%, 07/24/39(a)
8,832
8,204,957
5.05%, 04/16/29
6,221
6,437,315
5.54%, 11/17/28
3,171
3,315,502
6.82%, 11/17/33
6,521
7,309,526
 
7,474,364,773
Beverages — 2.3%
Anheuser-Busch
Companies LLC/Anheuser-Busch InBev
Worldwide Inc.
4.70%, 02/01/36
47,786
47,393,940
4.90%, 02/01/46
74,044
69,680,735
Anheuser-Busch InBev Finance Inc., 4.90%,
02/01/46
12,437
11,654,168
Anheuser-Busch InBev Worldwide Inc.
3.50%, 06/01/30(a)
19,066
18,602,683
4.44%, 10/06/48
18,092
15,854,456
4.50%, 06/01/50(a)
8,145
7,457,632
4.75%, 01/23/29(a)
8,435
8,613,243
4.90%, 01/23/31(a)
6,557
6,785,976
4.95%, 01/15/42
10,467
10,097,791
5.00%, 06/15/34(a)
10,571
10,920,378
5.45%, 01/23/39
15,308
15,896,669
5.55%, 01/23/49
33,512
33,953,380
5.80%, 01/23/59
15,759
16,475,541
8.20%, 01/15/39
11,918
15,396,713
Coca-Cola Co. (The)
1.38%, 03/15/31(a)
15,841
13,830,967
1.65%, 06/01/30(a)
10,852
9,785,597
2.00%, 03/05/31
11,805
10,653,762
2.13%, 09/06/29
11,692
10,967,059
2.25%, 01/05/32(a)
7,755
6,967,726
2.50%, 06/01/40
8,688
6,474,381
2.50%, 03/15/51(a)
10,471
6,424,997
2.60%, 06/01/50
11,433
7,254,162
2.75%, 06/01/60
9,014
5,423,569
2.88%, 05/05/41(a)
6,394
4,934,738
3.00%, 03/05/51
10,138
6,925,355
3.45%, 03/25/30
9,683
9,449,154
4.65%, 08/14/34(a)
10,715
10,917,717
5.00%, 05/13/34(a)
11,256
11,739,041
5.20%, 01/14/55
10,118
9,945,139
5.30%, 05/13/54
7,483
7,458,237
5.40%, 05/13/64(a)
17,113
17,000,077
Constellation Brands Inc.
2.25%, 08/01/31(a)
12,130
10,721,918
3.15%, 08/01/29(a)
11,112
10,683,395
4.90%, 05/01/33(a)
3,975
3,998,158
Diageo Capital PLC
2.00%, 04/29/30(a)
9,948
9,076,241
2.13%, 04/29/32
9,472
8,223,657
2.38%, 10/24/29
9,427
8,837,715
5.50%, 01/24/33
6,684
7,059,002
5.63%, 10/05/33
6,742
7,171,114
Diageo Investment Corp.
5.13%, 08/15/30
6,513
6,753,425
5.63%, 04/15/35
6,957
7,364,584
Keurig Dr Pepper Inc.
3.20%, 05/01/30(a)
7,204
6,817,471
3.80%, 05/01/50
6,503
4,798,577
Security
Par
(000
)
Value
Beverages (continued)
3.95%, 04/15/29
$8,907
$8,781,177
4.05%, 04/15/32(a)
9,414
9,026,944
4.50%, 04/15/52
10,596
8,654,783
5.05%, 03/15/29
5,467
5,571,401
Molson Coors Beverage Co.
4.20%, 07/15/46
14,774
12,085,160
5.00%, 05/01/42(a)
8,752
8,133,520
PepsiCo Inc.
1.40%, 02/25/31(a)
10,742
9,380,524
1.63%, 05/01/30
11,521
10,386,321
1.95%, 10/21/31
13,848
12,227,136
2.63%, 07/29/29(a)
11,749
11,192,472
2.63%, 10/21/41
6,042
4,423,864
2.75%, 03/19/30
9,597
9,079,403
2.75%, 10/21/51(a)
8,792
5,675,321
2.88%, 10/15/49
9,588
6,461,987
3.45%, 10/06/46
7,968
6,125,437
3.63%, 03/19/50
7,765
5,977,443
3.90%, 07/18/32(a)
9,020
8,844,986
4.45%, 02/15/33(a)
7,210
7,306,050
4.45%, 04/14/46
8,029
7,231,505
4.50%, 07/17/29
7,928
8,082,839
4.60%, 02/07/30
8,460
8,654,268
4.65%, 07/23/32
8,953
9,138,440
5.00%, 02/07/35
10,404
10,680,682
5.00%, 07/23/35(a)
11,570
11,836,157
5.25%, 07/17/54(a)
6,378
6,318,736
 
747,716,796
Biotechnology — 1.7%
Amgen Inc.
2.00%, 01/15/32
22,678
19,666,389
2.30%, 02/25/31(a)
12,455
11,249,682
2.45%, 02/21/30(a)
9,783
9,084,256
2.77%, 09/01/53(a)
9,430
5,725,458
2.80%, 08/15/41
9,132
6,728,114
3.00%, 02/22/29
7,126
6,875,094
3.00%, 01/15/52(a)
9,380
6,233,301
3.15%, 02/21/40
14,565
11,485,797
3.35%, 02/22/32
16,100
15,143,580
3.38%, 02/21/50
12,242
8,878,064
4.05%, 08/18/29
9,511
9,466,653
4.20%, 03/01/33(a)
11,155
10,884,132
4.20%, 02/22/52
7,727
6,213,536
4.40%, 05/01/45
18,675
16,225,206
4.40%, 02/22/62
9,534
7,632,158
4.56%, 06/15/48(a)
10,983
9,525,230
4.66%, 06/15/51
26,923
23,510,714
4.88%, 03/01/53
9,606
8,589,277
5.25%, 03/02/30(a)
10,106
10,482,997
5.25%, 03/02/33
30,023
31,079,651
5.60%, 03/02/43
22,338
22,666,527
5.65%, 03/02/53(a)
36,417
36,322,622
5.75%, 03/02/63
25,099
24,987,621
Biogen Inc.
2.25%, 05/01/30(a)
14,929
13,655,703
3.15%, 05/01/50
11,830
7,776,872
5.20%, 09/15/45
9,224
8,553,555
Gilead Sciences Inc.
1.65%, 10/01/30
4,825
4,289,568
2.60%, 10/01/40
7,438
5,490,639
2.80%, 10/01/50
15,617
10,129,723
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Biotechnology (continued)
4.00%, 09/01/36(a)
$8,570
$7,994,675
4.15%, 03/01/47
13,106
11,054,591
4.50%, 02/01/45
14,715
13,222,122
4.60%, 09/01/35(a)
15,007
14,859,729
4.75%, 03/01/46
19,383
17,854,794
4.80%, 11/15/29
5,197
5,330,968
4.80%, 04/01/44
13,475
12,596,295
5.10%, 06/15/35(a)
8,217
8,450,438
5.25%, 10/15/33(a)
6,756
7,087,018
5.50%, 11/15/54
8,723
8,784,335
5.55%, 10/15/53(a)
12,820
12,986,772
5.60%, 11/15/64
6,753
6,831,042
5.65%, 12/01/41
8,006
8,366,912
Regeneron Pharmaceuticals Inc.
1.75%, 09/15/30
10,935
9,693,333
2.80%, 09/15/50
4,720
2,959,169
Royalty Pharma PLC
2.20%, 09/02/30
9,927
8,941,335
3.30%, 09/02/40
6,449
4,987,737
3.55%, 09/02/50
9,440
6,635,756
5.20%, 09/25/35
8,345
8,350,227
 
545,539,367
Building Materials — 0.5%
Amrize Finance U.S. LLC
4.95%, 04/07/30(a)(b)
8,173
8,366,162
5.40%, 04/07/35(a)(b)
7,560
7,804,430
Carlisle Companies Inc., 2.75%, 03/01/30
3,400
3,191,233
Carrier Global Corp.
2.70%, 02/15/31(a)
6,110
5,630,591
2.72%, 02/15/30
9,712
9,115,696
3.38%, 04/05/40(a)
9,739
7,931,228
3.58%, 04/05/50(a)
9,970
7,517,456
5.90%, 03/15/34
7,102
7,641,950
CRH America Finance Inc.
4.40%, 02/09/31(a)
7,481
7,467,070
5.00%, 02/09/36
8,092
8,101,221
5.40%, 05/21/34
8,454
8,767,626
5.50%, 01/09/35
6,421
6,695,618
CRH SMW Finance DAC
5.13%, 01/09/30
7,544
7,760,047
5.20%, 05/21/29
8,991
9,275,211
Martin Marietta Materials Inc.
2.40%, 07/15/31
12,504
11,240,368
3.20%, 07/15/51(a)
6,495
4,479,800
5.15%, 12/01/34
6,210
6,353,674
5.50%, 12/01/54(a)
5,673
5,646,349
Owens Corning, 5.70%, 06/15/34(a)
5,839
6,139,410
Trane Technologies Financing Ltd., 3.80%,
03/21/29
7,525
7,450,020
Vulcan Materials Co.
3.50%, 06/01/30
6,764
6,542,768
5.35%, 12/01/34(a)
6,133
6,336,455
5.70%, 12/01/54
5,945
6,081,239
 
165,535,622
Chemicals — 0.8%
Air Products and Chemicals Inc.
2.05%, 05/15/30(a)
12,009
10,992,342
2.70%, 05/15/40
7,822
5,871,971
2.80%, 05/15/50
6,883
4,504,248
4.60%, 02/08/29
5,163
5,255,942
Security
Par
(000
)
Value
Chemicals (continued)
4.85%, 02/08/34(a)
$8,167
$8,298,876
CF Industries Inc.
4.95%, 06/01/43
5,818
5,334,141
5.15%, 03/15/34(a)
8,142
8,196,420
5.38%, 03/15/44(a)
5,916
5,696,962
Dow Chemical Co. (The)
2.10%, 11/15/30
6,652
5,897,554
3.60%, 11/15/50(a)
10,452
7,037,087
4.38%, 11/15/42
12,282
9,926,804
4.80%, 01/15/31
4,950
4,927,189
5.25%, 11/15/41(a)
6,076
5,564,452
5.55%, 11/30/48
7,501
6,772,116
6.90%, 05/15/53(a)
7,222
7,653,377
DuPont de Nemours Inc.
4.73%, 11/15/28(b)
5,429
5,521,074
5.32%, 11/15/38
4,997
5,197,893
5.42%, 11/15/48
14,897
15,530,608
Eastman Chemical Co.
4.65%, 10/15/44
7,968
6,836,587
5.00%, 08/01/29(a)
8,940
9,101,006
5.63%, 02/20/34(a)
6,892
7,092,020
Ecolab Inc., 2.70%, 12/15/51(a)
6,250
3,958,269
LYB International Finance BV
4.88%, 03/15/44(a)
10,304
8,796,511
5.25%, 07/15/43
6,565
5,853,304
LYB International Finance III LLC
3.38%, 10/01/40
8,202
6,074,670
3.63%, 04/01/51
9,257
6,152,692
4.20%, 10/15/49
9,228
6,808,586
4.20%, 05/01/50(a)
7,246
5,336,094
5.50%, 03/01/34(a)
7,351
7,335,917
LyondellBasell Industries NV, 4.63%,
02/26/55(a)
9,149
7,147,882
Nutrien Ltd.
4.20%, 04/01/29
8,309
8,296,122
5.00%, 04/01/49
6,342
5,811,323
5.80%, 03/27/53(a)
6,024
6,125,736
Sherwin-Williams Co. (The)
2.95%, 08/15/29
9,484
9,059,821
4.50%, 06/01/47
9,738
8,451,731
 
246,417,327
Commercial Services — 0.7%
Automatic Data Processing Inc.
1.25%, 09/01/30(a)
6,008
5,283,071
4.45%, 09/09/34(a)
8,368
8,334,397
4.75%, 05/08/32
7,363
7,538,530
Equifax Inc., 2.35%, 09/15/31(a)
6,762
5,970,956
Global Payments Inc.
2.90%, 05/15/30
8,675
7,989,555
2.90%, 11/15/31(a)
8,842
7,863,820
3.20%, 08/15/29
13,858
13,096,281
4.15%, 08/15/49(a)
5,934
4,479,353
5.40%, 08/15/32
5,677
5,752,756
5.95%, 08/15/52(a)
6,047
5,851,831
Massachusetts Institute of Technology
5.60%, 07/01/2111
4,785
4,910,979
5.62%, 06/01/55(a)
2,200
2,336,323
PayPal Holdings Inc.
2.30%, 06/01/30
5,998
5,527,979
2.85%, 10/01/29
7,127
6,794,307
3.25%, 06/01/50(a)
9,589
6,681,888
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Commercial Services (continued)
4.40%, 06/01/32
$8,393
$8,383,537
5.05%, 06/01/52(a)
10,111
9,495,087
5.15%, 06/01/34(a)
7,504
7,723,027
President and Fellows of Harvard College,
4.61%, 02/15/35(a)
6,676
6,737,511
Quanta Services Inc., 2.90%, 10/01/30
11,433
10,692,728
RELX Capital Inc.
3.00%, 05/22/30
6,399
6,060,052
4.00%, 03/18/29
7,204
7,168,101
4.75%, 03/27/30
5,847
5,965,254
5.25%, 03/27/35
8,491
8,769,123
S&P Global Inc.
2.70%, 03/01/29(a)
5,705
5,463,815
2.90%, 03/01/32
15,796
14,515,505
3.70%, 03/01/52
7,180
5,548,124
4.25%, 05/01/29
16,725
16,805,966
5.25%, 09/15/33(a)
5,926
6,218,159
Verisk Analytics Inc.
4.50%, 08/15/30
2,655
2,665,098
5.13%, 02/15/36(a)
4,898
4,927,010
 
225,550,123
Computers — 2.6%
Accenture Capital Inc.
4.05%, 10/04/29
13,933
13,908,231
4.25%, 10/04/31
11,026
10,990,657
4.50%, 10/04/34
11,195
11,037,876
Apple Inc.
1.25%, 08/20/30
15,589
13,755,776
1.65%, 05/11/30(a)
16,342
14,795,934
1.65%, 02/08/31
30,302
26,867,311
1.70%, 08/05/31
11,802
10,418,994
2.20%, 09/11/29
12,225
11,485,070
2.38%, 02/08/41
14,066
10,106,473
2.40%, 08/20/50
12,500
7,568,195
2.55%, 08/20/60
20,919
12,126,951
2.65%, 05/11/50
23,146
14,733,716
2.65%, 02/08/51
26,706
16,871,716
2.70%, 08/05/51
16,226
10,313,210
2.80%, 02/08/61
14,511
8,740,508
2.85%, 08/05/61
12,294
7,453,615
2.95%, 09/11/49
14,841
10,141,295
3.25%, 08/08/29
10,841
10,618,627
3.35%, 08/08/32(a)
9,312
8,883,578
3.45%, 02/09/45
15,752
12,430,910
3.75%, 09/12/47
10,698
8,619,617
3.75%, 11/13/47
6,298
5,061,550
3.85%, 05/04/43
21,886
18,646,010
3.85%, 08/04/46
13,707
11,293,862
3.95%, 08/08/52(a)
11,767
9,511,634
4.10%, 08/08/62
12,756
10,234,005
4.20%, 05/12/30
13,440
13,553,565
4.25%, 02/09/47
7,326
6,388,613
4.30%, 05/10/33
5,880
5,952,239
4.38%, 05/13/45(a)
15,839
14,273,544
4.45%, 05/06/44(a)
10,844
10,109,868
4.50%, 05/12/32(a)
6,928
7,057,594
4.50%, 02/23/36(a)
11,745
11,895,291
4.65%, 02/23/46
34,758
32,374,032
4.75%, 05/12/35(a)
8,264
8,430,457
4.85%, 05/10/53(a)
8,177
7,921,492
Security
Par
(000
)
Value
Computers (continued)
Dell International LLC/EMC Corp.
3.38%, 12/15/41
$4,885
$3,765,708
4.50%, 02/15/31
10,122
10,094,416
4.75%, 10/06/32
12,685
12,630,125
4.85%, 02/01/35
5,846
5,751,266
5.00%, 04/01/30
5,584
5,716,316
5.10%, 02/15/36(a)
8,441
8,366,328
5.30%, 10/01/29
10,501
10,844,864
5.30%, 04/01/32
10,920
11,268,205
5.40%, 04/15/34
7,079
7,288,215
5.50%, 04/01/35(a)
8,897
9,178,502
5.75%, 02/01/33
10,479
11,065,557
6.20%, 07/15/30
8,502
9,097,369
8.10%, 07/15/36
7,640
9,278,126
Hewlett Packard Enterprise Co.
4.40%, 10/15/30
8,300
8,232,303
4.55%, 10/15/29
11,063
11,121,069
4.85%, 10/15/31(a)
7,991
8,069,664
5.00%, 10/15/34(a)
18,494
18,284,849
5.60%, 10/15/54
12,044
11,371,385
6.20%, 10/15/35(a)
7,456
8,078,673
6.35%, 10/15/45
11,733
12,244,938
HP Inc.
2.65%, 06/17/31
10,005
9,011,474
4.00%, 04/15/29
9,353
9,246,674
5.50%, 01/15/33(a)
9,577
9,874,772
6.00%, 09/15/41(a)
7,910
8,085,928
IBM International Capital Pte Ltd.
4.90%, 02/05/34(a)
9,752
9,845,957
5.25%, 02/05/44
8,613
8,423,015
5.30%, 02/05/54(a)
10,764
10,197,496
International Business Machines Corp.
1.95%, 05/15/30(a)
11,675
10,598,252
2.95%, 05/15/50
10,320
6,718,232
3.50%, 05/15/29
28,533
27,933,838
4.00%, 06/20/42
7,377
6,252,648
4.15%, 05/15/39(a)
15,834
14,227,625
4.25%, 05/15/49(a)
23,006
18,964,752
4.40%, 07/27/32(a)
5,510
5,495,506
4.75%, 02/06/33(a)
8,371
8,513,064
4.80%, 02/10/30
8,149
8,336,112
4.90%, 07/27/52
9,453
8,519,978
5.00%, 02/10/32
9,677
9,954,264
5.20%, 02/10/35(a)
6,055
6,197,058
5.70%, 02/10/55(a)
9,265
9,307,254
Leidos Inc.
2.30%, 02/15/31
6,247
5,590,839
4.38%, 05/15/30
4,523
4,508,924
5.75%, 03/15/33(a)
2,409
2,543,663
 
834,667,219
Cosmetics & Personal Care — 0.5%
Haleon U.S. Capital LLC
3.38%, 03/24/29
8,496
8,273,872
3.63%, 03/24/32
10,093
9,561,015
4.00%, 03/24/52(a)
8,078
6,508,219
Kenvue Inc.
4.85%, 05/22/32(a)
9,382
9,508,861
4.90%, 03/22/33(a)
8,960
9,053,944
5.00%, 03/22/30(a)
9,429
9,668,105
5.05%, 03/22/53(a)
12,705
11,660,866
5.10%, 03/22/43(a)
7,390
7,062,163
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Cosmetics & Personal Care (continued)
5.20%, 03/22/63(a)
$7,280
$6,654,118
Procter & Gamble Co. (The)
1.20%, 10/29/30(a)
11,843
10,383,176
1.95%, 04/23/31(a)
13,286
11,976,014
2.30%, 02/01/32(a)
8,170
7,435,190
3.00%, 03/25/30
11,253
10,816,474
4.05%, 01/26/33(a)
6,113
6,116,811
4.10%, 11/03/32
4,200
4,161,747
4.55%, 01/29/34
4,909
4,981,101
Unilever Capital Corp.
1.75%, 08/12/31(a)
12,295
10,833,218
2.13%, 09/06/29(a)
5,673
5,305,293
4.63%, 08/12/34
8,454
8,514,280
5.00%, 12/08/33
6,281
6,524,232
5.90%, 11/15/32
6,024
6,592,656
 
171,591,355
Diversified Financial Services — 2.0%
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust
3.30%, 01/30/32
32,336
29,824,136
3.40%, 10/29/33
14,121
12,720,509
3.85%, 10/29/41(a)
9,605
7,922,930
4.63%, 09/10/29(a)
18,476
18,629,476
4.95%, 09/10/34
10,746
10,696,492
5.10%, 01/19/29
8,237
8,420,874
5.38%, 12/15/31(a)
6,873
7,111,777
6.15%, 09/30/30
11,138
11,918,505
Air Lease Corp.
2.88%, 01/15/32(a)
4,948
4,426,089
3.13%, 12/01/30
5,277
4,876,083
Ally Financial Inc., 8.00%, 11/01/31
14,789
16,798,398
American Express Co.
4.05%, 05/03/29(a)
4,181
4,195,802
4.05%, 12/03/42
9,418
8,173,229
Ameriprise Financial Inc.
5.15%, 05/15/33(a)
6,530
6,769,370
5.20%, 04/15/35(a)
6,229
6,363,877
Apollo Global Management Inc., 5.80%,
05/21/54(a)
8,146
8,169,250
Brookfield Finance Inc.
3.50%, 03/30/51
7,006
4,943,101
4.35%, 04/15/30
6,176
6,191,006
4.70%, 09/20/47
7,395
6,492,978
4.85%, 03/29/29(a)
5,855
5,951,934
5.97%, 03/04/54
8,280
8,499,450
Capital One Financial Corp., 6.70%, 11/29/32
4,997
5,512,849
Charles Schwab Corp. (The)
1.65%, 03/11/31
9,864
8,604,057
1.95%, 12/01/31
11,772
10,233,708
2.30%, 05/13/31(a)
7,020
6,338,047
2.90%, 03/03/32(a)
7,106
6,490,337
CME Group Inc.
2.65%, 03/15/32
6,752
6,161,331
4.40%, 03/15/30
5,724
5,789,495
5.30%, 09/15/43
7,194
7,379,271
Intercontinental Exchange Inc.
1.85%, 09/15/32(a)
12,900
10,967,483
2.10%, 06/15/30
10,948
9,977,964
2.65%, 09/15/40
6,366
4,730,172
3.00%, 06/15/50(a)
7,761
5,213,834
3.00%, 09/15/60(a)
12,332
7,649,088
Security
Par
(000
)
Value
Diversified Financial Services (continued)
4.25%, 09/21/48
$13,408
$11,332,135
4.35%, 06/15/29(a)
6,831
6,888,195
4.60%, 03/15/33(a)
15,830
15,966,480
4.95%, 06/15/52(a)
12,892
12,018,283
5.20%, 06/15/62
12,153
11,526,674
5.25%, 06/15/31
10,138
10,586,060
Jefferies Financial Group Inc.
2.63%, 10/15/31
13,214
11,587,914
4.15%, 01/23/30(a)
12,483
12,199,811
6.20%, 04/14/34(a)
11,990
12,586,360
LPL Holdings Inc.
5.20%, 03/15/30(a)
5,181
5,290,275
6.75%, 11/17/28(a)
4,865
5,185,377
Mastercard Inc.
2.00%, 11/18/31
8,089
7,169,932
2.95%, 06/01/29(a)
5,566
5,380,516
3.35%, 03/26/30
6,625
6,454,203
3.65%, 06/01/49
9,066
7,048,307
3.85%, 03/26/50
10,928
8,743,038
4.35%, 01/15/32(a)
9,136
9,183,948
4.55%, 01/15/35(a)
8,395
8,384,847
4.85%, 03/09/33
10,212
10,500,025
4.88%, 05/09/34
8,552
8,758,178
Nasdaq Inc.
5.55%, 02/15/34
8,180
8,576,710
5.95%, 08/15/53
5,869
6,164,443
6.10%, 06/28/63
8,449
8,928,525
Nomura Holdings Inc.
2.61%, 07/14/31
12,770
11,495,486
2.68%, 07/16/30
6,199
5,704,597
3.00%, 01/22/32
11,021
9,988,243
3.10%, 01/16/30(a)
13,339
12,614,894
4.90%, 07/01/30
9,379
9,509,864
5.78%, 07/03/34(a)
9,245
9,801,971
6.18%, 01/18/33
1,160
1,255,266
Raymond James Financial Inc.
3.75%, 04/01/51
9,364
7,048,979
4.95%, 07/15/46(a)
7,195
6,643,892
5.65%, 09/11/55(a)
6,515
6,417,080
Synchrony Financial, 2.88%, 10/28/31(a)
4,478
3,974,550
Visa Inc.
1.10%, 02/15/31(a)
11,316
9,803,420
2.00%, 08/15/50(a)
16,744
9,328,849
2.05%, 04/15/30(a)
10,828
9,985,591
2.70%, 04/15/40
7,853
6,040,827
3.65%, 09/15/47
8,221
6,516,926
4.15%, 12/14/35(a)
12,887
12,479,271
4.30%, 12/14/45
22,919
20,284,220
 
663,497,064
Electric — 4.2%
AEP Texas Inc., 5.85%, 10/15/55
5,384
5,389,420
AES Corp. (The)
2.45%, 01/15/31(a)
4,283
3,883,921
5.80%, 03/15/32
9,354
9,553,719
Ameren Corp.
3.50%, 01/15/31(a)
6,598
6,309,961
5.38%, 03/15/35
6,649
6,824,916
American Electric Power Co. Inc.
5.20%, 01/15/29
6,637
6,843,496
5.63%, 03/01/33
6,824
7,179,429
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
Berkshire Hathaway Energy Co.
2.85%, 05/15/51(a)
$13,683
$8,723,111
3.70%, 07/15/30
8,153
7,999,677
3.80%, 07/15/48
7,148
5,529,413
4.25%, 10/15/50
8,349
6,845,622
4.45%, 01/15/49
9,193
7,884,683
4.50%, 02/01/45
7,168
6,340,497
4.60%, 05/01/53
7,419
6,406,422
5.15%, 11/15/43(a)
5,921
5,745,440
6.13%, 04/01/36(a)
13,932
15,118,059
Commonwealth Edison Co., 4.00%, 03/01/48
7,303
5,949,892
Connecticut Light and Power Co. (The), 4.00%,
04/01/48
4,642
3,769,735
Consolidated Edison Co. of New York Inc.
2.40%, 06/15/31(a)
7,836
7,128,088
3.60%, 06/15/61(a)
7,823
5,484,744
4.45%, 03/15/44
8,291
7,326,884
4.63%, 12/01/54
5,052
4,386,191
5.70%, 05/15/54(a)
6,325
6,494,821
5.90%, 11/15/53
7,864
8,235,057
Series 20B, 3.95%, 04/01/50(a)
9,951
7,955,354
Constellation Energy Generation LLC
5.60%, 06/15/42
4,919
4,973,474
5.75%, 03/15/54
8,264
8,357,101
6.25%, 10/01/39
7,316
7,982,040
6.50%, 10/01/53
7,565
8,372,245
Dominion Energy Inc.
5.00%, 06/15/30(a)
6,443
6,613,700
5.38%, 11/15/32
7,016
7,299,145
Series C, 2.25%, 08/15/31
9,358
8,291,599
Series C, 3.38%, 04/01/30
9,094
8,738,623
DTE Energy Co.
5.10%, 03/01/29(a)
7,877
8,072,712
5.20%, 04/01/30
9,407
9,697,007
5.85%, 06/01/34(a)
6,940
7,379,374
Duke Energy Carolinas LLC
3.20%, 08/15/49
6,846
4,795,008
4.95%, 01/15/33(a)
7,137
7,355,568
5.30%, 02/15/40
6,309
6,429,156
5.35%, 01/15/53
8,299
8,168,466
5.40%, 01/15/54(a)
6,630
6,596,536
Duke Energy Corp.
2.45%, 06/01/30(a)
5,981
5,521,204
2.55%, 06/15/31
14,875
13,476,240
3.30%, 06/15/41
7,068
5,479,275
3.50%, 06/15/51(a)
7,440
5,263,897
3.75%, 09/01/46
8,797
6,781,731
4.50%, 08/15/32(a)
7,077
7,043,195
4.95%, 09/15/35
6,805
6,768,959
5.00%, 08/15/52
9,083
8,207,511
5.45%, 06/15/34(a)
5,339
5,563,042
5.70%, 09/15/55(a)
12,600
12,585,904
5.80%, 06/15/54(a)
6,132
6,200,458
6.10%, 09/15/53
4,461
4,697,864
Duke Energy Florida LLC, 6.40%, 06/15/38
8,363
9,421,108
Duke Energy Progress LLC
5.05%, 03/15/35(a)
9,201
9,373,680
5.55%, 03/15/55
5,811
5,874,848
Entergy Louisiana LLC
4.20%, 09/01/48(a)
8,288
6,836,285
5.80%, 03/15/55
5,866
6,032,702
Security
Par
(000
)
Value
Electric (continued)
Eversource Energy
5.13%, 05/15/33
$7,321
$7,429,062
5.95%, 02/01/29(a)
5,201
5,445,213
Exelon Corp.
4.05%, 04/15/30
9,692
9,600,004
4.45%, 04/15/46
7,723
6,617,612
4.70%, 04/15/50
6,548
5,690,993
5.30%, 03/15/33
7,069
7,344,888
5.60%, 03/15/53(a)
8,545
8,414,028
FirstEnergy Corp., Series C, 3.40%, 03/01/50
6,470
4,532,810
Florida Power & Light Co.
2.45%, 02/03/32
7,754
6,980,102
2.88%, 12/04/51
10,990
7,167,047
3.15%, 10/01/49
7,785
5,448,904
3.95%, 03/01/48
8,055
6,566,774
4.80%, 05/15/33
6,624
6,753,819
5.10%, 04/01/33(a)
7,811
8,089,942
5.15%, 06/15/29(a)
11,778
12,233,568
5.30%, 06/15/34
7,492
7,834,537
5.30%, 04/01/53
7,464
7,325,196
5.60%, 06/15/54
6,921
7,112,078
5.70%, 03/15/55(a)
7,436
7,740,093
Georgia Power Co.
4.30%, 03/15/42
6,937
6,143,900
4.85%, 03/15/31(a)
5,176
5,313,984
4.95%, 05/17/33(a)
9,439
9,629,111
5.13%, 05/15/52(a)
7,918
7,570,884
5.25%, 03/15/34(a)
7,286
7,521,940
Series A, 3.25%, 03/15/51
9,148
6,422,017
MidAmerican Energy Co.
3.65%, 04/15/29
8,971
8,860,687
4.25%, 07/15/49
7,006
5,853,825
5.85%, 09/15/54
8,160
8,591,045
National Grid PLC
5.42%, 01/11/34
7,183
7,459,289
5.81%, 06/12/33
4,955
5,278,477
NextEra Energy Capital Holdings Inc.
2.25%, 06/01/30
19,882
18,193,593
2.44%, 01/15/32
12,520
11,080,147
2.75%, 11/01/29(a)
12,247
11,609,757
4.90%, 03/15/29(a)
5,240
5,362,871
5.00%, 07/15/32
6,391
6,541,706
5.05%, 03/15/30(a)
10,960
11,291,177
5.05%, 02/28/33
7,390
7,559,225
5.25%, 03/15/34(a)
11,722
12,043,161
5.25%, 02/28/53(a)
9,378
8,883,283
5.30%, 03/15/32(a)
8,521
8,875,409
5.45%, 03/15/35
10,693
11,069,710
5.55%, 03/15/54(a)
5,463
5,373,219
5.90%, 03/15/55
6,515
6,695,507
Northern States Power Co./MN, 5.10%,
05/15/53
4,837
4,616,877
Oncor Electric Delivery Co. LLC
4.95%, 09/15/52
6,751
6,178,914
5.55%, 06/15/54
7,037
7,005,363
5.65%, 11/15/33
6,721
7,150,400
Pacific Gas and Electric Co.
2.50%, 02/01/31
19,742
17,657,486
3.25%, 06/01/31
5,895
5,448,375
3.30%, 08/01/40
9,658
7,325,084
3.50%, 08/01/50(a)
17,736
12,109,648
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
3.95%, 12/01/47
$6,053
$4,555,743
4.50%, 07/01/40
17,342
15,093,490
4.55%, 07/01/30
17,927
17,816,068
4.95%, 07/01/50(a)
25,067
21,529,217
5.05%, 10/15/32
5,856
5,865,155
5.55%, 05/15/29
8,096
8,334,797
5.70%, 03/01/35
10,155
10,421,977
5.80%, 05/15/34(a)
8,723
9,044,440
5.90%, 10/01/54
7,209
7,016,580
6.00%, 08/15/35(a)
9,502
9,960,641
6.10%, 01/15/29
5,206
5,431,492
6.10%, 10/15/55
7,350
7,345,561
6.15%, 01/15/33
8,090
8,584,642
6.15%, 03/01/55
6,388
6,421,179
6.40%, 06/15/33
8,855
9,537,371
6.70%, 04/01/53
5,607
6,007,370
6.75%, 01/15/53(a)
13,083
14,101,171
6.95%, 03/15/34
8,355
9,275,317
PacifiCorp
2.90%, 06/15/52
9,606
5,840,049
5.35%, 12/01/53
9,678
8,868,418
5.45%, 02/15/34(a)
9,513
9,759,009
5.50%, 05/15/54
10,663
10,022,953
5.80%, 01/15/55(a)
13,466
13,160,341
PPL Capital Funding Inc., 5.25%, 09/01/34
5,716
5,855,180
PPL Electric Utilities Corp., 5.25%, 05/15/53
5,576
5,455,252
Public Service Co. of Colorado
1.88%, 06/15/31
11,658
10,223,217
5.15%, 09/15/35
7,758
7,875,974
5.25%, 04/01/53
6,952
6,618,022
5.35%, 05/15/34
9,766
10,093,291
5.75%, 05/15/54
5,436
5,559,268
5.85%, 05/15/55
6,173
6,383,762
Public Service Co. of Oklahoma, 5.45%,
01/15/36
6,513
6,671,201
Public Service Enterprise Group Inc.
2.45%, 11/15/31
6,686
5,950,717
5.20%, 04/01/29
5,177
5,333,622
San Diego Gas & Electric Co.
5.35%, 04/01/53
6,236
6,017,222
5.40%, 04/15/35
10,729
11,119,159
Series VVV, 1.70%, 10/01/30
7,442
6,583,506
Series WWW, 2.95%, 08/15/51(a)
6,430
4,181,593
Sempra
3.80%, 02/01/38(a)
9,688
8,318,236
4.00%, 02/01/48
6,532
5,051,295
6.00%, 10/15/39(a)
5,593
5,846,619
Southern California Edison Co.
3.65%, 02/01/50(a)
10,681
7,535,047
4.00%, 04/01/47
14,220
10,842,835
4.65%, 10/01/43(a)
7,626
6,540,511
5.20%, 06/01/34(a)
5,623
5,625,904
5.25%, 03/15/30(a)
8,101
8,281,295
5.45%, 06/01/31(a)
7,517
7,747,908
5.45%, 03/01/35(a)
8,950
9,061,854
5.95%, 11/01/32(a)
6,469
6,818,247
Series 20A, 2.95%, 02/01/51
7,497
4,614,790
Series C, 4.13%, 03/01/48
9,256
7,160,418
Southern Co. (The)
4.40%, 07/01/46
14,729
12,630,502
4.85%, 03/15/35
8,802
8,723,638
Security
Par
(000
)
Value
Electric (continued)
5.20%, 06/15/33(a)
$6,898
$7,095,940
5.50%, 03/15/29
8,025
8,340,994
5.70%, 03/15/34(a)
10,314
10,878,891
Series A, 3.70%, 04/30/30(a)
8,545
8,347,507
Virginia Electric & Power Co.
2.45%, 12/15/50
8,694
5,091,422
2.95%, 11/15/51
6,492
4,187,784
5.00%, 04/01/33(a)
6,217
6,339,961
5.45%, 04/01/53
5,533
5,393,444
Virginia Electric and Power Co.
Series C, 4.90%, 09/15/35
7,597
7,566,785
Series D, 5.60%, 09/15/55
7,855
7,858,787
Xcel Energy Inc.
5.45%, 08/15/33
8,517
8,814,000
5.50%, 03/15/34
8,155
8,435,163
5.60%, 04/15/35
6,672
6,926,128
 
1,364,590,822
Electrical Components & Equipment — 0.1%
Emerson Electric Co.
2.00%, 12/21/28(a)
6,296
5,935,991
2.20%, 12/21/31(a)
11,396
10,119,711
2.80%, 12/21/51
6,640
4,330,787
 
20,386,489
Electronics — 0.5%
Amphenol Corp.
2.20%, 09/15/31
10,633
9,446,737
2.80%, 02/15/30
8,491
8,027,490
4.13%, 11/15/30
6,850
6,790,301
4.40%, 02/15/33
8,785
8,673,953
4.63%, 02/15/36
11,950
11,726,204
5.00%, 01/15/35(a)
4,756
4,849,929
5.30%, 11/15/55
10,425
10,134,031
Honeywell International Inc.
1.75%, 09/01/31
15,990
13,886,234
1.95%, 06/01/30(a)
10,875
9,875,824
2.70%, 08/15/29
10,849
10,337,973
2.80%, 06/01/50(a)
5,684
3,712,242
4.25%, 01/15/29
5,800
5,828,187
4.50%, 01/15/34
14,337
14,214,622
4.70%, 02/01/30(a)
9,070
9,251,340
5.00%, 02/15/33
6,778
6,978,438
5.00%, 03/01/35
9,219
9,374,206
5.25%, 03/01/54(a)
13,555
13,046,650
Keysight Technologies Inc., 5.35%, 07/30/30
6,000
6,231,908
 
162,386,269
Environmental Control — 0.4%
Republic Services Inc.
1.75%, 02/15/32
9,163
7,882,518
4.88%, 04/01/29
7,562
7,749,653
5.00%, 04/01/34
6,435
6,607,595
Waste Connections Inc.
2.95%, 01/15/52(a)
5,028
3,310,283
4.20%, 01/15/33
6,817
6,690,076
5.00%, 03/01/34
7,647
7,813,562
Waste Management Inc.
1.50%, 03/15/31
12,515
10,869,699
4.15%, 04/15/32(a)
7,597
7,508,150
4.63%, 02/15/30(a)
9,837
10,013,900
4.80%, 03/15/32
6,881
7,029,952
4.88%, 02/15/29
8,024
8,223,168
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Environmental Control (continued)
4.88%, 02/15/34(a)
$9,930
$10,141,283
4.95%, 07/03/31
5,953
6,159,906
4.95%, 03/15/35(a)
13,503
13,716,794
5.35%, 10/15/54
10,544
10,382,517
 
124,099,056
Food — 1.3%
Campbell's Co. (The)
4.75%, 03/23/35(a)
8,149
7,911,502
5.40%, 03/21/34
11,341
11,631,522
Conagra Brands Inc.
4.85%, 11/01/28(a)
576
582,280
5.30%, 11/01/38
11,511
11,035,165
5.40%, 11/01/48(a)
9,088
8,302,439
General Mills Inc.
2.88%, 04/15/30
6,698
6,306,898
4.88%, 01/30/30
7,087
7,234,322
4.95%, 03/29/33(a)
6,956
7,051,184
5.25%, 01/30/35(a)
7,174
7,313,803
Hormel Foods Corp., 1.80%, 06/11/30
9,405
8,459,539
J M Smucker Co. (The)
5.90%, 11/15/28(a)
2,914
3,054,499
6.20%, 11/15/33(a)
11,325
12,275,824
6.50%, 11/15/43(a)
6,558
7,139,617
6.50%, 11/15/53(a)
7,775
8,587,148
JBS USA Holding Lux Sarl/JBS USA Foods
Group Holdings Inc./JBS USA Food Co.
3.00%, 05/15/32
6,016
5,383,717
3.63%, 01/15/32
9,110
8,510,257
4.38%, 02/02/52(a)
8,029
6,299,635
5.50%, 01/15/36(b)
13,485
13,650,671
5.75%, 04/01/33
8,909
9,267,177
6.25%, 03/01/56(b)
12,126
12,221,318
6.38%, 04/15/66(b)
9,002
9,108,098
6.50%, 12/01/52
12,538
13,020,407
6.75%, 03/15/34
10,640
11,735,573
7.25%, 11/15/53(a)
7,184
8,113,197
JBS USA LUX SARL/JBS USA Food Co./JBS
USA Foods Group, 6.38%, 02/25/55(b)
6,994
7,211,780
Kraft Heinz Foods Co.
4.38%, 06/01/46
25,231
21,067,211
4.88%, 10/01/49
12,911
11,289,585
5.00%, 06/04/42
10,666
9,829,727
5.20%, 07/15/45
14,910
13,819,545
5.50%, 06/01/50
9,482
8,985,013
6.88%, 01/26/39(a)
7,932
8,838,663
Kroger Co. (The)
3.95%, 01/15/50(a)
7,433
5,813,161
4.45%, 02/01/47(a)
8,463
7,215,638
5.00%, 09/15/34(a)
18,277
18,419,880
5.50%, 09/15/54(a)
16,395
15,945,528
5.65%, 09/15/64
13,263
12,939,994
Mondelez International Inc.
2.63%, 09/04/50(a)
7,392
4,474,723
2.75%, 04/13/30
7,253
6,808,525
3.00%, 03/17/32
7,284
6,654,448
Sysco Corp.
3.15%, 12/14/51(a)
5,866
3,934,221
5.95%, 04/01/30
11,585
12,284,805
6.60%, 04/01/50(a)
9,583
10,605,462
Tyson Foods Inc.
4.35%, 03/01/29(a)
6,244
6,246,455
Security
Par
(000
)
Value
Food (continued)
4.55%, 06/02/47
$6,085
$5,224,629
5.10%, 09/28/48(a)
12,170
11,234,059
5.70%, 03/15/34(a)
8,346
8,769,226
 
421,808,070
Gas — 0.2%
Atmos Energy Corp., 4.13%, 10/15/44(a)
5,924
5,061,466
NiSource Inc.
1.70%, 02/15/31
9,794
8,524,658
2.95%, 09/01/29
11,701
11,172,977
3.60%, 05/01/30
12,642
12,252,109
3.95%, 03/30/48
8,930
7,117,490
4.38%, 05/15/47
6,937
5,871,586
4.80%, 02/15/44
7,258
6,613,488
5.35%, 07/15/35
5,502
5,614,151
5.85%, 04/01/55
11,007
11,166,362
 
73,394,287
Hand & Machine Tools — 0.0%
Stanley Black & Decker Inc.
2.30%, 03/15/30
6,335
5,771,004
2.75%, 11/15/50(a)
9,591
5,727,246
 
11,498,250
Health Care - Products — 1.1%
Abbott Laboratories
4.75%, 11/30/36
10,422
10,509,749
4.90%, 11/30/46(a)
27,697
26,574,028
Agilent Technologies Inc., 2.30%, 03/12/31
8,338
7,494,779
Baxter International Inc.
2.27%, 12/01/28
4,646
4,360,440
2.54%, 02/01/32(a)
19,340
16,882,420
3.13%, 12/01/51(a)
8,930
5,770,961
Danaher Corp.
2.60%, 10/01/50(a)
8,440
5,272,373
2.80%, 12/10/51(a)
9,817
6,351,333
DH Europe Finance II SARL
2.60%, 11/15/29
5,593
5,283,666
3.25%, 11/15/39
8,105
6,655,482
3.40%, 11/15/49
7,530
5,566,707
GE HealthCare Technologies Inc.
4.80%, 08/14/29
14,240
14,522,355
5.50%, 06/15/35
12,316
12,762,413
5.86%, 03/15/30
9,189
9,731,115
5.91%, 11/22/32(a)
12,071
12,983,108
6.38%, 11/22/52
7,544
8,294,858
Medtronic Global Holdings SCA, 4.50%,
03/30/33(a)
9,184
9,195,974
Medtronic Inc.
4.38%, 03/15/35(a)
12,979
12,755,437
4.63%, 03/15/45
15,751
14,460,917
Solventum Corp.
5.45%, 03/13/31
9,875
10,274,937
5.60%, 03/23/34
13,499
14,031,295
5.90%, 04/30/54(a)
10,252
10,425,890
Stryker Corp.
1.95%, 06/15/30
10,253
9,262,854
4.25%, 09/11/29(a)
6,492
6,521,241
4.63%, 09/11/34(a)
10,653
10,608,834
4.63%, 03/15/46
5,270
4,766,228
4.85%, 02/10/30(a)
8,481
8,700,096
5.20%, 02/10/35
6,033
6,208,647
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Health Care - Products (continued)
Thermo Fisher Scientific Inc.
2.00%, 10/15/31(a)
$7,700
$6,827,659
2.60%, 10/01/29(a)
13,281
12,556,536
2.80%, 10/15/41(a)
7,533
5,580,897
4.10%, 08/15/47
9,658
8,156,693
4.47%, 10/07/32
5,383
5,382,620
4.79%, 10/07/35
6,392
6,377,644
4.98%, 08/10/30(a)
5,304
5,479,733
5.00%, 01/31/29(a)
10,762
11,074,639
5.09%, 08/10/33(a)
8,145
8,436,625
Zimmer Biomet Holdings Inc., 2.60%,
11/24/31(a)
7,155
6,444,918
 
352,546,101
Health Care - Services — 4.2%
Aetna Inc., 6.63%, 06/15/36
6,563
7,193,353
Ascension Health
3.95%, 11/15/46
8,440
6,975,009
Series B, 2.53%, 11/15/29
6,472
6,103,280
Centene Corp.
2.50%, 03/01/31
14,082
12,128,573
2.63%, 08/01/31
7,329
6,282,410
3.00%, 10/15/30
11,600
10,344,555
3.38%, 02/15/30
9,270
8,531,097
4.63%, 12/15/29
21,145
20,521,053
Cigna Group (The)
2.38%, 03/15/31
13,351
12,033,363
2.40%, 03/15/30(a)
8,661
8,008,270
3.20%, 03/15/40(a)
9,465
7,393,664
3.40%, 03/15/50(a)
9,190
6,429,727
3.40%, 03/15/51(a)
11,046
7,682,596
3.88%, 10/15/47
8,446
6,546,130
4.50%, 09/15/30
6,600
6,632,143
4.80%, 08/15/38
20,909
19,913,688
4.80%, 07/15/46
11,987
10,795,378
4.88%, 09/15/32
8,181
8,258,318
4.90%, 12/15/48
23,955
21,426,375
5.00%, 05/15/29(a)
6,224
6,379,052
5.13%, 05/15/31(a)
6,669
6,898,792
5.25%, 02/15/34(a)
10,563
10,862,678
5.25%, 01/15/36
13,972
14,209,158
5.40%, 03/15/33(a)
6,173
6,454,399
5.60%, 02/15/54(a)
12,186
11,945,390
6.00%, 01/15/56(a)
11,160
11,533,056
CommonSpirit Health
3.35%, 10/01/29
2,660
2,567,107
4.19%, 10/01/49(a)
1,859
1,503,896
Elevance Health Inc.
2.25%, 05/15/30
10,169
9,299,973
2.55%, 03/15/31
8,867
8,075,431
2.88%, 09/15/29
10,304
9,824,714
3.13%, 05/15/50
8,291
5,528,149
3.60%, 03/15/51
10,096
7,283,861
3.70%, 09/15/49
7,383
5,475,544
4.38%, 12/01/47
11,361
9,505,028
4.55%, 03/01/48
9,430
8,075,541
4.60%, 09/15/32
6,318
6,291,658
4.63%, 05/15/42
7,965
7,229,610
4.65%, 01/15/43
7,487
6,751,745
4.65%, 08/15/44
7,313
6,510,397
4.75%, 02/15/30(a)
7,204
7,347,358
4.75%, 02/15/33
8,905
8,943,458
Security
Par
(000
)
Value
Health Care - Services (continued)
4.95%, 11/01/31
$10,348
$10,565,577
5.00%, 01/15/36
6,966
6,928,398
5.13%, 02/15/53
10,343
9,447,581
5.20%, 02/15/35(a)
8,358
8,524,037
5.38%, 06/15/34
9,349
9,651,952
5.65%, 06/15/54(a)
8,551
8,404,432
5.70%, 02/15/55(a)
10,973
10,814,403
5.85%, 11/01/64
7,694
7,662,393
6.10%, 10/15/52
6,101
6,376,416
HCA Inc.
2.38%, 07/15/31
9,507
8,482,518
3.50%, 09/01/30(a)
17,268
16,541,613
3.50%, 07/15/51
14,853
10,284,657
3.63%, 03/15/32
17,738
16,701,136
4.13%, 06/15/29
14,616
14,516,950
4.60%, 11/15/32
7,330
7,268,989
4.63%, 03/15/52
16,977
14,103,296
4.90%, 11/15/35
6,430
6,332,276
5.13%, 06/15/39
10,590
10,281,728
5.25%, 03/01/30
10,695
11,039,609
5.25%, 06/15/49
16,141
14,791,398
5.45%, 04/01/31
10,414
10,841,147
5.45%, 09/15/34
7,402
7,619,292
5.50%, 03/01/32
6,696
6,989,231
5.50%, 06/01/33
9,634
10,023,530
5.50%, 06/15/47
11,857
11,383,274
5.60%, 04/01/34
8,370
8,715,036
5.70%, 11/15/55
9,450
9,207,864
5.75%, 03/01/35
9,270
9,709,428
5.88%, 02/01/29
7,025
7,314,405
5.90%, 06/01/53
9,140
9,082,764
5.95%, 09/15/54
9,686
9,712,543
6.00%, 04/01/54
12,071
12,172,796
6.20%, 03/01/55(a)
10,938
11,341,985
Humana Inc.
2.15%, 02/03/32(a)
11,124
9,572,032
3.70%, 03/23/29
4,657
4,555,534
4.95%, 10/01/44
5,803
5,184,797
5.38%, 04/15/31
11,002
11,351,313
5.50%, 03/15/53(a)
6,329
5,861,474
5.55%, 05/01/35
6,240
6,376,087
5.75%, 04/15/54
9,445
9,052,368
5.88%, 03/01/33(a)
7,158
7,540,714
5.95%, 03/15/34(a)
6,992
7,366,436
ICON Investments Six DAC, 5.85%, 05/08/29
4,909
5,127,818
IQVIA Inc., 6.25%, 02/01/29
7,946
8,372,695
Kaiser Foundation Hospitals
4.15%, 05/01/47
7,208
6,108,552
Series 2019, 3.27%, 11/01/49
3,475
2,494,463
Series 2021, 2.81%, 06/01/41
3,948
2,953,724
Series 2021, 3.00%, 06/01/51(a)
4,636
3,110,600
Laboratory Corp. of America Holdings
4.70%, 02/01/45
6,402
5,773,169
4.80%, 10/01/34
8,967
8,885,544
Providence St. Joseph Health Obligated Group,
Series 21A, 2.70%, 10/01/51(a)
3,832
2,316,398
Quest Diagnostics Inc.
2.95%, 06/30/30(a)
6,626
6,244,926
5.00%, 12/15/34(a)
7,273
7,348,697
6.40%, 11/30/33
5,732
6,363,828
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Health Care - Services (continued)
UnitedHealth Group Inc.
2.00%, 05/15/30
$17,546
$15,953,567
2.30%, 05/15/31
19,009
17,098,392
2.75%, 05/15/40
11,584
8,666,529
2.88%, 08/15/29
15,222
14,554,250
2.90%, 05/15/50(a)
12,550
8,118,807
3.05%, 05/15/41
10,496
7,993,734
3.13%, 05/15/60(a)
9,620
5,981,062
3.25%, 05/15/51
20,028
13,694,620
3.50%, 08/15/39(a)
12,069
10,089,953
3.70%, 08/15/49(a)
10,758
8,087,510
3.75%, 10/15/47
10,804
8,348,352
3.88%, 12/15/28
5,012
4,989,281
3.88%, 08/15/59
10,845
7,952,084
4.00%, 05/15/29(a)
11,687
11,654,524
4.20%, 05/15/32(a)
15,270
15,051,685
4.20%, 01/15/47
5,783
4,810,275
4.25%, 01/15/29
5,121
5,146,405
4.25%, 03/15/43
7,716
6,699,804
4.25%, 06/15/48
10,207
8,461,737
4.45%, 12/15/48
8,060
6,872,846
4.50%, 04/15/33(a)
14,401
14,277,853
4.63%, 07/15/35(a)
9,380
9,268,240
4.65%, 01/15/31
15,079
15,299,343
4.75%, 07/15/45
17,714
16,104,965
4.75%, 05/15/52(a)
16,610
14,636,886
4.80%, 01/15/30
6,838
6,992,745
4.90%, 04/15/31
10,545
10,811,832
4.95%, 01/15/32
7,848
8,026,898
4.95%, 05/15/62
7,766
6,844,703
5.00%, 04/15/34
11,796
11,995,400
5.05%, 04/15/53
18,687
17,137,666
5.15%, 07/15/34(a)
13,090
13,440,551
5.20%, 04/15/63
15,794
14,440,299
5.30%, 02/15/30
7,778
8,103,717
5.30%, 06/15/35(a)
12,725
13,168,747
5.35%, 02/15/33
11,639
12,147,312
5.38%, 04/15/54
17,106
16,396,033
5.50%, 07/15/44
12,576
12,604,659
5.50%, 04/15/64
9,597
9,218,694
5.63%, 07/15/54(a)
23,731
23,579,580
5.75%, 07/15/64
16,447
16,376,551
5.80%, 03/15/36
7,146
7,640,297
5.88%, 02/15/53
17,777
18,252,433
5.95%, 06/15/55(a)
8,408
8,738,281
6.05%, 02/15/63(a)
13,422
14,030,492
6.88%, 02/15/38
7,780
9,022,813
Universal Health Services Inc., 2.65%,
10/15/30
8,865
8,041,269
 
1,363,312,476
Holding Companies - Diversified — 0.4%
Apollo Debt Solutions BDC
6.70%, 07/29/31(a)
10,912
11,489,804
6.90%, 04/13/29
4,494
4,702,426
Ares Capital Corp.
5.50%, 09/01/30(a)
8,049
8,093,481
5.80%, 03/08/32
7,959
8,034,671
5.88%, 03/01/29(a)
10,005
10,237,606
5.95%, 07/15/29
8,545
8,763,430
Security
Par
(000
)
Value
Holding Companies - Diversified (continued)
Ares Strategic Income Fund
5.60%, 02/15/30(a)
$8,486
$8,538,671
6.20%, 03/21/32
6,286
6,403,395
Blackstone Private Credit Fund
6.00%, 01/29/32
8,409
8,597,809
6.00%, 11/22/34(a)
7,020
7,116,415
Blue Owl Capital Corp., 5.95%, 03/15/29(a)
102
103,366
Blue Owl Credit Income Corp.
5.80%, 03/15/30
10,253
10,305,732
6.60%, 09/15/29
8,941
9,239,855
6.65%, 03/15/31(a)
5,018
5,216,405
HA Sustainable Infrastructure Capital Inc.,
6.38%, 07/01/34
9,555
9,640,831
Sixth Street Lending Partners
6.13%, 07/15/30(a)(b)
7,287
7,492,359
6.50%, 03/11/29
4,685
4,851,146
 
128,827,402
Household Products & Wares — 0.0%
Kimberly-Clark Corp., 3.10%, 03/26/30
8,168
7,849,680
Insurance — 2.2%
Allstate Corp. (The), 5.25%, 03/30/33(a)
3,718
3,851,500
American International Group Inc.
4.38%, 06/30/50
8,338
7,053,081
4.75%, 04/01/48
8,082
7,267,052
5.13%, 03/27/33
7,197
7,396,373
Aon Corp.
2.80%, 05/15/30
12,184
11,454,630
3.75%, 05/02/29
6,206
6,123,492
Aon Corp./Aon Global Holdings PLC
3.90%, 02/28/52
6,545
4,978,190
5.35%, 02/28/33(a)
6,120
6,370,626
Aon North America Inc.
5.15%, 03/01/29
7,738
7,961,562
5.45%, 03/01/34(a)
13,676
14,250,724
5.75%, 03/01/54(a)
13,353
13,468,394
Arch Capital Group Ltd., 3.64%, 06/30/50
6,925
5,213,227
Arthur J Gallagher & Co.
3.50%, 05/20/51
8,345
5,915,150
4.85%, 12/15/29(a)
9,254
9,449,024
5.15%, 02/15/35
10,471
10,569,885
5.55%, 02/15/55
11,334
11,004,200
Athene Holding Ltd.
6.25%, 04/01/54(a)
9,228
9,181,865
6.63%, 05/19/55
7,814
8,181,509
Berkshire Hathaway Finance Corp.
1.45%, 10/15/30(a)
9,352
8,276,816
2.50%, 01/15/51(a)
6,871
4,214,735
2.85%, 10/15/50
13,345
8,786,896
2.88%, 03/15/32(a)
7,480
6,972,033
3.85%, 03/15/52
22,666
17,870,688
4.20%, 08/15/48
18,376
15,721,030
4.25%, 01/15/49(a)
18,904
16,230,543
5.75%, 01/15/40
5,735
6,274,125
Berkshire Hathaway Inc., 4.50%, 02/11/43(a)
9,093
8,646,838
Brighthouse Financial Inc., 4.70%, 06/22/47(a)
1,973
1,542,764
Brown & Brown Inc.
4.90%, 06/23/30
9,053
9,173,294
5.55%, 06/23/35(a)
9,252
9,517,523
6.25%, 06/23/55
8,534
8,975,274
Chubb Corp. (The), 6.00%, 05/11/37
6,855
7,481,978
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Insurance (continued)
Chubb INA Holdings LLC
1.38%, 09/15/30(a)
$14,964
$13,108,210
3.05%, 12/15/61
6,306
3,970,145
4.35%, 11/03/45
10,886
9,656,623
4.90%, 08/15/35
13,067
13,157,882
5.00%, 03/15/34(a)
14,777
15,140,838
Corebridge Financial Inc.
3.85%, 04/05/29
13,543
13,351,344
3.90%, 04/05/32(a)
14,949
14,223,547
4.40%, 04/05/52(a)
9,926
8,202,154
5.75%, 01/15/34
8,148
8,521,770
Equitable Holdings Inc., 5.00%, 04/20/48(a)
10,585
9,728,755
Everest Reinsurance Holdings Inc.
3.13%, 10/15/52
8,590
5,549,684
3.50%, 10/15/50(a)
7,467
5,273,332
Fairfax Financial Holdings Ltd.
5.63%, 08/16/32(a)
2,143
2,239,694
6.00%, 12/07/33
3,953
4,205,476
6.35%, 03/22/54
4,876
5,158,574
Hartford Financial Services Group Inc. (The),
3.60%, 08/19/49
8,083
6,112,530
Manulife Financial Corp.
3.70%, 03/16/32
7,210
6,905,912
5.38%, 03/04/46
6,405
6,420,254
Marsh & McLennan Companies Inc.
2.25%, 11/15/30(a)
10,084
9,180,630
4.38%, 03/15/29
8,327
8,400,569
4.65%, 03/15/30(a)
14,432
14,671,828
4.85%, 11/15/31
6,032
6,160,918
4.90%, 03/15/49
12,650
11,641,586
5.00%, 03/15/35
16,183
16,416,270
5.40%, 03/15/55(a)
12,832
12,612,607
5.70%, 09/15/53(a)
8,709
8,939,804
MetLife Inc.
4.05%, 03/01/45
7,113
5,966,427
4.13%, 08/13/42
6,048
5,201,386
4.55%, 03/23/30(a)
13,832
14,073,637
4.60%, 05/13/46
7,828
7,172,612
4.88%, 11/13/43
6,926
6,512,373
5.00%, 07/15/52(a)
8,718
8,123,417
5.25%, 01/15/54(a)
6,756
6,550,973
5.30%, 12/15/34(a)
6,459
6,717,204
5.38%, 07/15/33(a)
8,423
8,867,697
5.70%, 06/15/35
8,756
9,363,469
5.88%, 02/06/41
7,410
7,841,737
6.38%, 06/15/34(a)
5,257
5,871,798
Progressive Corp. (The), 4.13%, 04/15/47
6,592
5,591,429
Prudential Financial Inc.
3.70%, 03/13/51(a)
10,468
7,932,731
3.91%, 12/07/47
8,880
7,106,665
3.94%, 12/07/49(a)
7,119
5,645,893
4.35%, 02/25/50
8,092
6,856,371
4.60%, 05/15/44
7,413
6,661,542
5.20%, 03/14/35(a)
7,205
7,390,042
5.70%, 12/14/36(a)
6,334
6,730,534
Travelers Companies Inc. (The)
3.05%, 06/08/51(a)
7,040
4,766,570
5.35%, 11/01/40
6,156
6,283,046
5.45%, 05/25/53
7,217
7,266,449
5.70%, 07/24/55
6,843
7,098,184
6.25%, 06/15/37
6,270
6,993,730
Security
Par
(000
)
Value
Insurance (continued)
Willis North America Inc.
5.35%, 05/15/33
$6,329
$6,543,951
5.90%, 03/05/54
6,076
6,157,782
 
709,613,606
Internet — 2.6%
Alphabet Inc.
1.10%, 08/15/30(a)
8,324
7,302,092
1.90%, 08/15/40(a)
9,942
6,786,820
2.05%, 08/15/50
20,276
11,419,374
2.25%, 08/15/60(a)
20,478
10,882,726
4.00%, 05/15/30(a)
8,673
8,704,947
4.50%, 05/15/35(a)
8,961
8,917,622
5.25%, 05/15/55
11,075
10,980,809
5.30%, 05/15/65(a)
12,824
12,578,832
Amazon.com Inc.
1.50%, 06/03/30
21,396
19,213,732
2.10%, 05/12/31
18,098
16,275,329
2.50%, 06/03/50(a)
27,717
16,956,867
2.70%, 06/03/60
19,618
11,408,813
2.88%, 05/12/41
16,992
12,985,213
3.10%, 05/12/51
30,122
20,709,595
3.25%, 05/12/61
18,792
12,402,865
3.45%, 04/13/29
7,531
7,418,058
3.60%, 04/13/32(a)
13,190
12,731,229
3.88%, 08/22/37(a)
18,178
16,787,697
3.95%, 04/13/52
19,321
15,419,820
4.05%, 08/22/47
29,680
24,845,781
4.10%, 04/13/62(a)
10,621
8,435,009
4.25%, 08/22/57
17,782
14,749,605
4.65%, 12/01/29(a)
10,702
10,966,071
4.70%, 12/01/32(a)
11,817
12,123,225
4.80%, 12/05/34(a)
11,831
12,166,919
4.95%, 12/05/44(a)
16,980
16,620,907
AppLovin Corp.
5.13%, 12/01/29
8,660
8,837,250
5.38%, 12/01/31
5,915
6,106,985
5.50%, 12/01/34
2,880
2,949,565
eBay Inc.
2.60%, 05/10/31
7,413
6,742,573
2.70%, 03/11/30
13,804
12,931,210
3.65%, 05/10/51
7,517
5,631,942
4.00%, 07/15/42
7,529
6,297,412
Expedia Group Inc.
3.25%, 02/15/30(a)
14,538
13,872,117
5.40%, 02/15/35
6,871
7,035,305
Meta Platforms Inc.
3.85%, 08/15/32(a)
14,418
13,901,237
4.20%, 11/15/30
18,280
18,330,338
4.30%, 08/15/29
8,876
8,952,160
4.45%, 08/15/52
25,731
21,525,682
4.55%, 08/15/31
13,989
14,196,180
4.60%, 11/15/32
10,855
10,892,667
4.65%, 08/15/62
18,733
15,573,597
4.75%, 08/15/34(a)
13,225
13,272,584
4.80%, 05/15/30
5,956
6,123,023
4.88%, 11/15/35
15,040
15,192,633
4.95%, 05/15/33
9,308
9,540,507
5.40%, 08/15/54(a)
27,122
26,160,802
5.50%, 11/15/45
44,485
44,932,492
5.55%, 08/15/64
25,063
24,104,719
5.60%, 05/15/53
20,692
20,535,813
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Internet (continued)
5.63%, 11/15/55
$24,655
$24,479,456
5.75%, 05/15/63
14,541
14,460,062
5.75%, 11/15/65
39,485
39,232,691
Netflix Inc.
4.90%, 08/15/34(a)
12,580
12,921,224
5.40%, 08/15/54
8,207
8,140,909
5.88%, 11/15/28(a)
1,276
1,341,150
6.38%, 05/15/29
10,161
10,904,152
Uber Technologies Inc.
4.15%, 01/15/31(a)
8,995
8,917,574
4.30%, 01/15/30
15,578
15,602,746
4.80%, 09/15/34
10,854
10,856,370
4.80%, 09/15/35(a)
12,134
12,034,428
5.35%, 09/15/54(a)
7,439
7,186,340
 
839,505,852
Iron & Steel — 0.0%
ArcelorMittal SA, 6.80%, 11/29/32(a)
7,020
7,819,120
Lodging — 0.2%
Las Vegas Sands Corp., 3.90%, 08/08/29
6,979
6,771,363
Marriott International Inc., 5.50%, 04/15/37
9,506
9,753,869
Marriott International Inc./MD
4.90%, 04/15/29
12,241
12,494,926
5.30%, 05/15/34
8,002
8,213,471
5.35%, 03/15/35
8,130
8,332,570
Series FF, 4.63%, 06/15/30(a)
4,878
4,932,124
Series GG, 3.50%, 10/15/32
12,630
11,743,379
Series HH, 2.85%, 04/15/31
11,342
10,451,085
 
72,692,787
Machinery — 0.8%
Caterpillar Financial Services Corp., 4.70%,
11/15/29
9,441
9,684,029
Caterpillar Inc.
2.60%, 04/09/30
15,603
14,717,010
3.25%, 09/19/49
10,706
7,799,553
3.25%, 04/09/50
8,209
5,986,424
3.80%, 08/15/42
11,088
9,433,950
5.20%, 05/15/35
9,073
9,416,398
5.20%, 05/27/41
7,770
7,884,415
Deere & Co.
3.75%, 04/15/50(a)
6,389
5,085,593
3.90%, 06/09/42(a)
10,307
8,954,639
5.45%, 01/16/35(a)
9,345
9,851,304
5.70%, 01/19/55(a)
7,621
8,021,335
Ingersoll Rand Inc.
5.18%, 06/15/29
7,269
7,510,324
5.45%, 06/15/34
7,711
8,023,417
5.70%, 08/14/33
7,065
7,505,778
John Deere Capital Corp.
4.40%, 09/08/31(a)
10,725
10,805,085
4.50%, 01/16/29
4,319
4,383,061
4.70%, 06/10/30(a)
8,276
8,477,608
4.85%, 06/11/29
8,408
8,637,491
4.90%, 03/07/31(a)
6,334
6,528,917
5.10%, 04/11/34(a)
8,555
8,850,752
5.15%, 09/08/33(a)
7,605
7,957,350
Series 1, 5.05%, 06/12/34(a)
9,051
9,323,294
Series I, 4.55%, 06/05/30
10,164
10,317,578
Otis Worldwide Corp.
2.57%, 02/15/30
13,360
12,456,049
3.11%, 02/15/40
9,020
7,058,656
Security
Par
(000
)
Value
Machinery (continued)
3.36%, 02/15/50(a)
$4,162
$2,988,193
Regal Rexnord Corp.
6.30%, 02/15/30
9,446
9,989,646
6.40%, 04/15/33(a)
11,585
12,423,507
Westinghouse Air Brake Technologies Corp.,
5.50%, 05/29/35
6,381
6,626,298
 
246,697,654
Manufacturing — 0.3%
3M Co.
2.38%, 08/26/29(a)
10,615
9,973,030
3.25%, 08/26/49
7,790
5,477,242
3.38%, 03/01/29
6,717
6,564,640
4.00%, 09/14/48
9,279
7,555,963
Eaton Corp.
4.15%, 03/15/33(a)
11,442
11,277,040
4.15%, 11/02/42
6,237
5,518,456
Illinois Tool Works Inc., 3.90%, 09/01/42
7,353
6,283,383
Parker-Hannifin Corp.
3.25%, 06/14/29
11,052
10,738,554
4.00%, 06/14/49
4,422
3,624,642
4.50%, 09/15/29
10,637
10,789,319
Teledyne Technologies Inc., 2.75%, 04/01/31
10,397
9,600,034
 
87,402,303
Media — 3.1%
Charter Communications
Operating LLC/Charter Communications
Operating Capital
2.25%, 01/15/29
4,336
4,036,199
2.30%, 02/01/32
5,777
4,934,268
2.80%, 04/01/31
11,378
10,206,434
3.50%, 06/01/41
11,028
7,944,539
3.50%, 03/01/42
13,036
9,206,116
3.70%, 04/01/51(a)
16,645
10,727,173
3.85%, 04/01/61(a)
19,100
11,738,807
3.90%, 06/01/52
20,432
13,443,915
3.95%, 06/30/62
13,095
8,094,568
4.40%, 04/01/33
7,971
7,484,606
4.40%, 12/01/61
12,360
8,330,462
4.80%, 03/01/50
23,731
18,411,556
5.05%, 03/30/29
7,191
7,269,393
5.13%, 07/01/49
11,200
9,105,032
5.25%, 04/01/53(a)
14,150
11,509,026
5.38%, 04/01/38
10,033
9,291,566
5.38%, 05/01/47
20,228
17,076,937
5.50%, 04/01/63
10,597
8,594,357
5.75%, 04/01/48
26,051
23,055,067
5.85%, 12/01/35(a)
10,560
10,521,821
6.10%, 06/01/29
11,036
11,539,082
6.38%, 10/23/35
13,900
14,355,500
6.48%, 10/23/45
29,539
28,566,124
6.55%, 06/01/34
9,758
10,265,559
6.65%, 02/01/34
7,985
8,439,672
6.70%, 12/01/55(a)
6,477
6,384,293
Comcast Corp.
1.50%, 02/15/31(a)
15,046
13,010,947
1.95%, 01/15/31
13,111
11,603,492
2.45%, 08/15/52(a)
13,282
7,186,239
2.65%, 02/01/30
15,288
14,312,641
2.65%, 08/15/62
10,282
5,278,955
2.80%, 01/15/51(a)
16,527
9,907,989
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Media (continued)
2.89%, 11/01/51
$44,490
$26,839,625
2.94%, 11/01/56
53,214
30,818,393
2.99%, 11/01/63
37,526
20,862,445
3.20%, 07/15/36(a)
5,289
4,465,567
3.25%, 11/01/39
7,857
6,213,614
3.40%, 04/01/30
15,528
14,994,141
3.40%, 07/15/46
8,751
6,257,986
3.45%, 02/01/50
13,690
9,394,895
3.75%, 04/01/40
14,191
11,776,921
3.90%, 03/01/38
12,902
11,231,441
3.97%, 11/01/47
19,159
14,725,592
4.00%, 08/15/47
9,335
7,228,682
4.00%, 03/01/48
9,805
7,546,225
4.00%, 11/01/49
15,058
11,382,740
4.05%, 11/01/52(a)
7,427
5,552,061
4.20%, 08/15/34
12,043
11,481,414
4.25%, 10/15/30(a)
8,101
8,084,468
4.25%, 01/15/33(a)
9,672
9,416,583
4.40%, 08/15/35(a)
9,649
9,179,154
4.60%, 10/15/38
11,036
10,273,192
4.60%, 08/15/45(a)
7,294
6,330,295
4.65%, 02/15/33
8,255
8,251,375
4.70%, 10/15/48
14,975
12,772,768
4.80%, 05/15/33(a)
5,862
5,889,584
4.95%, 10/15/58
7,917
6,783,580
5.17%, 01/15/37(b)
15,256
15,058,884
5.30%, 06/01/34(a)
12,975
13,314,540
5.30%, 05/15/35(a)
9,329
9,507,706
5.35%, 05/15/53(a)
10,921
10,123,190
5.50%, 11/15/32(a)
5,644
5,940,382
5.50%, 05/15/64(a)
13,920
12,785,421
5.65%, 06/15/35(a)
7,256
7,603,808
5.65%, 06/01/54
10,813
10,328,477
6.05%, 05/15/55(a)
8,166
8,244,058
7.05%, 03/15/33(a)
5,619
6,401,591
Fox Corp.
4.71%, 01/25/29
10,294
10,414,341
5.48%, 01/25/39
11,944
11,968,795
5.58%, 01/25/49(a)
13,616
13,221,810
6.50%, 10/13/33
8,270
9,082,798
Paramount Global
4.20%, 05/19/32(a)
4,358
4,028,737
4.38%, 03/15/43
6,292
4,755,943
4.95%, 01/15/31
2,543
2,494,308
4.95%, 05/19/50
3,139
2,444,707
5.85%, 09/01/43
6,608
5,916,475
6.88%, 04/30/36(a)
7,043
7,395,929
7.88%, 07/30/30
1,924
2,124,984
Time Warner Cable Enterprises LLC, 8.38%,
07/15/33
8,141
9,443,955
Time Warner Cable LLC
4.50%, 09/15/42
12,768
10,093,779
5.50%, 09/01/41
12,981
11,705,909
5.88%, 11/15/40
11,176
10,381,905
6.55%, 05/01/37
10,391
10,638,619
6.75%, 06/15/39
11,898
12,272,264
7.30%, 07/01/38(a)
15,647
16,832,231
TWDC Enterprises 18 Corp., 4.13%, 06/01/44
6,193
5,288,772
Walt Disney Co. (The)
2.00%, 09/01/29
7,173
6,669,796
2.65%, 01/13/31(a)
26,283
24,490,860
Security
Par
(000
)
Value
Media (continued)
2.75%, 09/01/49(a)
$13,283
$8,587,313
3.50%, 05/13/40(a)
10,493
8,795,452
3.60%, 01/13/51
21,958
16,642,550
3.80%, 03/22/30(a)
7,569
7,493,012
3.80%, 05/13/60(a)
9,601
7,222,363
4.63%, 03/23/40(a)
7,442
7,162,100
4.70%, 03/23/50(a)
14,389
13,145,139
6.20%, 12/15/34(a)
10,303
11,613,300
6.40%, 12/15/35
12,393
14,075,429
6.65%, 11/15/37
10,310
11,897,195
 
1,027,193,903
Mining — 0.7%
Barrick North America Finance LLC
5.70%, 05/30/41
5,708
5,870,610
5.75%, 05/01/43
6,410
6,629,598
Barrick PD Australia Finance Pty. Ltd., 5.95%,
10/15/39
7,105
7,546,154
BHP Billiton Finance USA Ltd.
4.13%, 02/24/42
9,596
8,410,537
4.90%, 02/28/33
7,853
8,024,785
5.00%, 02/21/30
10,976
11,316,617
5.00%, 09/30/43
21,351
20,550,927
5.13%, 02/21/32
6,152
6,374,187
5.25%, 09/08/30
7,579
7,899,682
5.25%, 09/08/33
7,147
7,439,085
5.30%, 02/21/35(a)
13,851
14,354,971
5.50%, 09/08/53(a)
9,861
10,004,899
5.75%, 09/05/55(a)
8,078
8,393,443
Freeport-McMoRan Inc., 5.45%, 03/15/43(a)
13,672
13,281,969
Newmont Corp., 2.60%, 07/15/32(a)
6,385
5,785,159
Newmont Corp./Newcrest Finance Pty. Ltd.,
5.35%, 03/15/34
5,971
6,231,517
Rio Tinto Alcan Inc., 6.13%, 12/15/33(a)
5,805
6,374,665
Rio Tinto Finance USA Ltd.
2.75%, 11/02/51
8,661
5,457,418
5.20%, 11/02/40
9,556
9,585,192
Rio Tinto Finance USA PLC
4.13%, 08/21/42
8,418
7,336,064
4.88%, 03/14/30(a)
10,670
10,941,584
5.00%, 03/14/32
10,398
10,712,476
5.13%, 03/09/53
8,184
7,791,385
5.25%, 03/14/35(a)
12,926
13,358,127
5.75%, 03/14/55(a)
14,478
14,986,172
5.88%, 03/14/65(a)
9,543
9,985,520
 
244,642,743
Office & Business Equipment — 0.0%
CDW LLC/CDW Finance Corp., 3.57%,
12/01/31(a)
8,129
7,572,862
Oil & Gas — 4.1%
BP Capital Markets America Inc.
1.75%, 08/10/30
19,436
17,375,848
2.72%, 01/12/32(a)
18,819
17,115,561
2.77%, 11/10/50(a)
12,555
7,929,709
2.94%, 06/04/51(a)
18,637
12,102,260
3.00%, 02/24/50
18,243
12,133,071
3.00%, 03/17/52(a)
9,584
6,275,289
3.06%, 06/17/41
10,755
8,245,427
3.38%, 02/08/61(a)
15,308
10,210,990
3.63%, 04/06/30(a)
15,962
15,635,828
4.70%, 04/10/29
11,959
12,175,225
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Oil & Gas (continued)
4.81%, 02/13/33
$18,266
$18,533,800
4.89%, 09/11/33
16,688
16,965,892
4.97%, 10/17/29
7,973
8,209,564
4.99%, 04/10/34(a)
10,071
10,284,170
5.23%, 11/17/34
13,416
13,875,524
BP Capital Markets PLC, 3.72%, 11/28/28
4,068
4,031,363
Canadian Natural Resources Ltd.
4.95%, 06/01/47
4,868
4,317,719
5.00%, 12/15/29(b)
6,660
6,796,021
5.40%, 12/15/34(a)(b)
8,531
8,666,856
6.25%, 03/15/38
7,241
7,702,914
Cenovus Energy Inc., 3.75%, 02/15/52(a)
6,386
4,542,193
Chevron Corp.
2.24%, 05/11/30
15,147
14,008,018
3.08%, 05/11/50
6,714
4,661,742
Chevron USA Inc.
2.34%, 08/12/50
6,091
3,625,716
4.30%, 10/15/30(a)
10,318
10,392,662
4.50%, 10/15/32(a)
9,616
9,710,555
4.69%, 04/15/30
12,153
12,436,172
4.85%, 10/15/35(a)
8,163
8,255,810
4.98%, 04/15/35(a)
7,011
7,197,903
ConocoPhillips Co.
3.76%, 03/15/42(a)
7,576
6,236,268
3.80%, 03/15/52(a)
9,899
7,443,611
4.03%, 03/15/62(a)
14,318
10,640,495
4.30%, 11/15/44
8,366
7,222,108
4.70%, 01/15/30(a)
12,004
12,238,988
5.00%, 01/15/35(a)
7,932
8,032,607
5.05%, 09/15/33(a)
10,746
11,068,348
5.30%, 05/15/53(a)
9,219
8,736,904
5.50%, 01/15/55(a)
11,960
11,668,115
5.55%, 03/15/54(a)
8,110
7,978,564
6.50%, 02/01/39
12,177
13,723,506
Coterra Energy Inc.
5.40%, 02/15/35(a)
9,228
9,284,691
5.90%, 02/15/55
5,949
5,709,948
Devon Energy Corp.
4.75%, 05/15/42
7,565
6,555,801
5.00%, 06/15/45(a)
7,077
6,119,516
5.20%, 09/15/34(a)
9,614
9,538,490
5.60%, 07/15/41
8,772
8,447,283
5.75%, 09/15/54(a)
8,745
8,049,810
Diamondback Energy Inc.
3.13%, 03/24/31
12,158
11,304,347
3.50%, 12/01/29
6,926
6,684,359
4.25%, 03/15/52
7,304
5,763,787
5.15%, 01/30/30
8,145
8,355,470
5.40%, 04/18/34
11,784
12,011,896
5.55%, 04/01/35
13,073
13,405,663
5.75%, 04/18/54
13,133
12,589,641
5.90%, 04/18/64
8,712
8,335,763
6.25%, 03/15/33
9,302
9,999,567
EOG Resources Inc.
4.38%, 04/15/30(a)
8,050
8,111,768
4.95%, 04/15/50(a)
6,083
5,545,918
5.00%, 07/15/32
12,486
12,736,799
5.35%, 01/15/36
12,718
13,083,930
5.65%, 12/01/54(a)
8,393
8,382,647
Security
Par
(000
)
Value
Oil & Gas (continued)
EQT Corp.
4.75%, 01/15/31
$5,921
$5,924,597
5.75%, 02/01/34(a)
6,392
6,688,809
Equinor ASA
2.38%, 05/22/30
1,449
1,346,533
3.13%, 04/06/30(a)
3,707
3,555,901
3.25%, 11/18/49
1,812
1,299,460
3.70%, 04/06/50
1,709
1,327,446
3.95%, 05/15/43
1,649
1,399,094
4.80%, 11/08/43
1,854
1,758,435
5.10%, 08/17/40
1,661
1,666,178
5.13%, 06/03/35(a)
5,500
5,664,888
Expand Energy Corp.
4.75%, 02/01/32
12,671
12,438,727
5.38%, 03/15/30
7,821
7,935,876
5.70%, 01/15/35
7,287
7,490,698
Exxon Mobil Corp.
2.44%, 08/16/29(a)
12,397
11,803,030
2.61%, 10/15/30
17,485
16,345,784
3.00%, 08/16/39
7,214
5,788,532
3.10%, 08/16/49
14,606
10,156,035
3.45%, 04/15/51
26,007
19,108,617
3.48%, 03/19/30
17,516
17,115,971
3.57%, 03/06/45
13,048
10,387,090
4.11%, 03/01/46
19,085
16,246,005
4.23%, 03/19/40
12,643
11,641,308
4.33%, 03/19/50
19,708
16,892,696
Hess Corp.
5.60%, 02/15/41(a)
9,004
9,414,695
6.00%, 01/15/40
8,194
8,923,065
Marathon Petroleum Corp.
4.75%, 09/15/44
6,922
6,056,808
5.15%, 03/01/30
11,517
11,829,756
5.70%, 03/01/35(a)
10,379
10,731,980
6.50%, 03/01/41
8,887
9,540,172
Occidental Petroleum Corp.
5.20%, 08/01/29
14,421
14,726,525
5.38%, 01/01/32(a)
12,120
12,319,633
5.55%, 10/01/34(a)
14,255
14,434,679
6.05%, 10/01/54(a)
10,621
10,301,434
6.13%, 01/01/31
6,177
6,509,952
6.45%, 09/15/36
14,114
14,974,706
6.60%, 03/15/46(a)
9,987
10,402,142
6.63%, 09/01/30
6,547
7,025,917
7.50%, 05/01/31(a)
5,681
6,360,714
8.88%, 07/15/30(a)
7,217
8,346,054
Phillips 66
2.15%, 12/15/30
13,223
11,812,690
3.30%, 03/15/52(a)
7,613
5,045,621
4.65%, 11/15/34(a)
9,399
9,213,013
4.88%, 11/15/44
13,610
12,115,020
5.88%, 05/01/42
12,169
12,402,484
Phillips 66 Co.
5.25%, 06/15/31
7,169
7,436,257
5.30%, 06/30/33
6,530
6,718,423
Pioneer Natural Resources Co.
1.90%, 08/15/30
7,071
6,359,202
2.15%, 01/15/31(a)
4,545
4,104,340
Shell Finance U.S. Inc.
2.38%, 11/07/29
14,104
13,256,767
2.75%, 04/06/30(a)
13,945
13,206,761
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Oil & Gas (continued)
3.25%, 04/06/50(a)
$16,310
$11,576,052
3.75%, 09/12/46(a)
9,044
7,178,438
4.00%, 05/10/46
12,306
10,160,498
4.13%, 05/11/35(a)
10,702
10,312,798
4.38%, 05/11/45
20,218
17,677,841
4.55%, 08/12/43
6,622
6,016,133
Shell International Finance BV
3.00%, 11/26/51(a)
9,968
6,642,709
3.13%, 11/07/49
11,397
7,894,416
3.88%, 11/13/28(a)
5,926
5,920,227
5.50%, 03/25/40
10,479
10,869,608
6.38%, 12/15/38
19,452
21,962,629
Suncor Energy Inc.
3.75%, 03/04/51(a)
5,461
3,927,119
4.00%, 11/15/47(a)
5,720
4,389,263
6.85%, 06/01/39
6,451
7,186,571
TotalEnergies Capital International SA
2.83%, 01/10/30
13,728
13,068,779
2.99%, 06/29/41
8,263
6,250,909
3.13%, 05/29/50
17,524
12,002,613
3.39%, 06/29/60
7,225
4,825,591
3.46%, 02/19/29
9,811
9,629,022
3.46%, 07/12/49
7,177
5,252,926
TotalEnergies Capital SA
4.72%, 09/10/34(a)
9,795
9,882,272
5.15%, 04/05/34(a)
5,357
5,564,828
5.28%, 09/10/54(a)
8,859
8,487,335
5.43%, 09/10/64
11,440
10,990,182
5.49%, 04/05/54(a)
14,404
14,196,120
5.64%, 04/05/64
9,504
9,441,237
Valero Energy Corp.
3.65%, 12/01/51(a)
6,201
4,341,292
6.63%, 06/15/37(a)
10,885
12,029,919
Viper Energy Partners LLC, 5.70%, 08/01/35
9,206
9,370,081
Woodside Finance Ltd.
5.10%, 09/12/34
8,337
8,261,739
5.40%, 05/19/30
9,203
9,453,518
5.70%, 09/12/54(a)
6,767
6,502,523
6.00%, 05/19/35
11,895
12,454,092
 
1,349,690,210
Oil & Gas Services — 0.2%
Baker Hughes Holdings LLC, 5.13%, 09/15/40
10,488
10,271,592
Baker Hughes Holdings LLC/Baker Hughes
Co-Obligor Inc., 4.08%, 12/15/47
9,187
7,399,682
Halliburton Co.
2.92%, 03/01/30
11,106
10,482,457
4.75%, 08/01/43(a)
6,398
5,717,665
4.85%, 11/15/35(a)
7,445
7,343,094
5.00%, 11/15/45(a)
17,631
16,003,056
6.70%, 09/15/38(a)
6,945
7,786,557
7.45%, 09/15/39(a)
7,586
9,067,097
 
74,071,200
Packaging & Containers — 0.2%
Amcor Flexibles North America Inc.
2.69%, 05/25/31
7,778
7,089,463
5.50%, 03/17/35(a)
6,820
7,046,880
Berry Global Inc.
5.65%, 01/15/34(a)
7,310
7,650,275
5.80%, 06/15/31
6,428
6,812,333
Security
Par
(000
)
Value
Packaging & Containers (continued)
Smurfit Kappa Treasury ULC
5.20%, 01/15/30(a)
$8,939
$9,210,084
5.44%, 04/03/34
9,738
10,056,626
5.78%, 04/03/54(a)
7,949
8,065,634
Smurfit Westrock Financing DAC, 5.42%,
01/15/35(a)
8,362
8,614,701
WRKCo Inc., 4.90%, 03/15/29
6,916
7,046,235
 
71,592,231
Pharmaceuticals — 7.2%
AbbVie Inc.
3.20%, 11/21/29
50,033
48,331,928
4.05%, 11/21/39
34,939
31,294,541
4.25%, 11/14/28(a)
1,450
1,461,099
4.25%, 11/21/49
45,992
38,711,802
4.30%, 05/14/36
8,296
7,965,126
4.40%, 11/06/42
21,031
18,984,612
4.45%, 05/14/46
16,615
14,693,065
4.50%, 05/14/35
23,797
23,374,420
4.55%, 03/15/35(a)
24,253
23,971,806
4.70%, 05/14/45
21,913
20,145,171
4.75%, 03/15/45
6,441
5,970,485
4.80%, 03/15/29
5,247
5,368,511
4.85%, 06/15/44
9,408
8,859,170
4.88%, 03/15/30
5,698
5,867,833
4.88%, 11/14/48
17,052
15,843,184
4.95%, 03/15/31(a)
8,637
8,929,711
5.05%, 03/15/34(a)
22,941
23,616,248
5.20%, 03/15/35
11,422
11,815,807
5.35%, 03/15/44
7,362
7,386,459
5.40%, 03/15/54
23,868
23,714,314
5.50%, 03/15/64
13,514
13,498,610
5.60%, 03/15/55
9,457
9,655,939
Astrazeneca Finance LLC
2.25%, 05/28/31(a)
13,835
12,546,558
4.85%, 02/26/29
7,700
7,894,191
4.90%, 02/26/31
12,727
13,150,086
5.00%, 02/26/34(a)
5,701
5,892,507
AstraZeneca PLC
1.38%, 08/06/30(a)
6,711
5,931,438
3.00%, 05/28/51
6,983
4,817,709
4.00%, 01/17/29(a)
4,623
4,625,483
4.00%, 09/18/42
10,236
8,946,619
4.38%, 11/16/45
5,483
4,906,653
4.38%, 08/17/48(a)
5,724
5,072,646
6.45%, 09/15/37
18,370
21,043,667
Becton Dickinson & Co.
1.96%, 02/11/31(a)
13,417
11,856,029
2.82%, 05/20/30(a)
5,210
4,888,184
4.67%, 06/06/47
13,139
11,644,003
4.69%, 12/15/44
7,974
7,146,056
Bristol-Myers Squibb Co.
1.45%, 11/13/30(a)
10,230
8,998,884
2.35%, 11/13/40(a)
8,153
5,763,515
2.55%, 11/13/50
18,259
11,028,978
2.95%, 03/15/32
11,471
10,561,683
3.40%, 07/26/29
27,930
27,266,869
3.55%, 03/15/42(a)
10,212
8,277,867
3.70%, 03/15/52
16,914
12,694,656
3.90%, 03/15/62
5,988
4,392,411
4.13%, 06/15/39(a)
15,277
13,882,112
4.25%, 10/26/49
30,790
25,610,432
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pharmaceuticals (continued)
4.35%, 11/15/47
$9,464
$8,100,186
4.55%, 02/20/48
11,353
9,956,660
4.90%, 02/22/29(a)
6,552
6,720,580
5.10%, 02/22/31
6,077
6,319,554
5.20%, 02/22/34
15,974
16,589,900
5.55%, 02/22/54(a)
23,647
23,559,773
5.65%, 02/22/64
17,824
17,695,571
5.75%, 02/01/31
5,491
5,871,776
5.90%, 11/15/33(a)
7,642
8,319,978
6.25%, 11/15/53
10,934
11,947,442
6.40%, 11/15/63(a)
10,640
11,744,627
Cardinal Health Inc.
5.00%, 11/15/29
6,118
6,277,277
5.35%, 11/15/34(a)
9,441
9,708,183
Cencora Inc., 2.70%, 03/15/31
9,914
9,114,205
CVS Health Corp.
1.75%, 08/21/30
6,219
5,475,793
1.88%, 02/28/31
12,825
11,189,207
2.13%, 09/15/31(a)
13,348
11,645,090
3.25%, 08/15/29
14,027
13,489,234
3.75%, 04/01/30(a)
13,607
13,226,290
4.78%, 03/25/38
44,289
41,625,260
5.00%, 01/30/29(a)
5,463
5,577,411
5.00%, 09/15/32(a)
9,515
9,658,385
5.05%, 03/25/48
64,794
57,936,054
5.13%, 02/21/30(a)
15,474
15,890,376
5.13%, 07/20/45(a)
27,995
25,482,737
5.25%, 01/30/31
6,961
7,174,715
5.25%, 02/21/33(a)
11,396
11,684,187
5.30%, 06/01/33
8,133
8,361,997
5.30%, 12/05/43
6,007
5,662,377
5.40%, 06/01/29(a)
9,106
9,418,130
5.45%, 09/15/35(a)
15,381
15,700,343
5.55%, 06/01/31(a)
8,004
8,389,297
5.63%, 02/21/53
11,375
10,765,896
5.70%, 06/01/34
8,559
8,944,145
5.88%, 06/01/53(a)
11,469
11,270,701
6.00%, 06/01/44
7,002
7,091,647
6.00%, 06/01/63
8,992
8,838,262
6.05%, 06/01/54(a)
10,011
10,101,250
6.20%, 09/15/55(a)
10,272
10,558,020
Eli Lilly & Co.
2.25%, 05/15/50
16,109
9,433,964
2.50%, 09/15/60(a)
8,313
4,688,991
3.38%, 03/15/29
9,581
9,417,354
3.95%, 03/15/49(a)
7,551
6,178,492
4.20%, 08/14/29(a)
7,442
7,500,214
4.25%, 03/15/31
17,146
17,163,350
4.50%, 02/09/29
8,345
8,481,548
4.55%, 10/15/32
9,245
9,325,532
4.60%, 08/14/34
14,524
14,574,872
4.70%, 02/27/33(a)
11,557
11,796,997
4.70%, 02/09/34(a)
9,491
9,594,881
4.75%, 02/12/30
6,518
6,690,475
4.88%, 02/27/53
10,584
9,882,119
4.90%, 02/12/32
7,829
8,099,559
4.90%, 10/15/35
12,487
12,682,645
4.95%, 02/27/63
8,439
7,802,513
5.00%, 02/09/54
11,511
10,896,976
5.05%, 08/14/54
9,494
9,037,747
5.10%, 02/12/35(a)
13,428
13,897,087
Security
Par
(000
)
Value
Pharmaceuticals (continued)
5.10%, 02/09/64
$9,396
$8,845,475
5.20%, 08/14/64
7,014
6,735,010
5.50%, 02/12/55(a)
9,863
10,046,179
5.55%, 10/15/55
9,612
9,829,326
5.60%, 02/12/65
8,599
8,783,932
5.65%, 10/15/65
8,525
8,761,469
GlaxoSmithKline Capital Inc.
4.50%, 04/15/30(a)
11,458
11,622,017
4.88%, 04/15/35(a)
8,216
8,322,762
6.38%, 05/15/38
19,442
21,911,892
GlaxoSmithKline Capital PLC, 3.38%, 06/01/29
15,367
15,029,189
Johnson & Johnson
1.30%, 09/01/30(a)
14,225
12,608,613
2.10%, 09/01/40
12,699
8,984,592
2.25%, 09/01/50(a)
9,547
5,741,295
2.45%, 09/01/60
9,414
5,348,043
3.40%, 01/15/38
7,003
6,182,835
3.50%, 01/15/48
8,271
6,498,278
3.55%, 03/01/36
11,416
10,503,562
3.63%, 03/03/37
7,849
7,139,989
3.70%, 03/01/46
15,502
12,734,901
3.75%, 03/03/47
7,774
6,380,006
4.38%, 12/05/33(a)
9,411
9,544,081
4.70%, 03/01/30
10,572
10,892,235
4.80%, 06/01/29
6,209
6,403,794
4.85%, 03/01/32(a)
7,635
7,936,618
4.90%, 06/01/31
12,290
12,827,047
4.95%, 06/01/34(a)
9,842
10,372,120
5.00%, 03/01/35(a)
11,465
11,911,121
5.25%, 06/01/54(a)
8,049
8,208,494
5.95%, 08/15/37
6,722
7,533,858
Merck & Co. Inc.
1.45%, 06/24/30
12,583
11,176,599
1.90%, 12/10/28(a)
4,660
4,385,876
2.15%, 12/10/31(a)
12,896
11,430,560
2.35%, 06/24/40(a)
8,588
6,207,267
2.45%, 06/24/50
15,096
9,117,868
2.75%, 12/10/51(a)
20,301
12,857,232
2.90%, 12/10/61
9,874
5,909,528
3.40%, 03/07/29
9,211
9,022,177
3.70%, 02/10/45
17,516
14,112,809
3.90%, 03/07/39
12,877
11,549,840
4.00%, 03/07/49(a)
10,355
8,431,410
4.15%, 09/15/30(a)
9,875
9,888,091
4.15%, 05/18/43(a)
7,732
6,719,693
4.30%, 05/17/30
7,977
8,048,191
4.50%, 05/17/33(a)
9,533
9,603,966
4.55%, 09/15/32(a)
8,061
8,130,621
4.90%, 05/17/44(a)
10,629
10,088,289
4.95%, 09/15/35(a)
11,614
11,788,626
5.00%, 05/17/53
11,073
10,386,887
5.15%, 05/17/63
11,417
10,755,731
5.70%, 09/15/55
11,940
12,329,597
Mylan Inc., 5.20%, 04/15/48(a)
3,845
3,127,527
Novartis Capital Corp.
2.20%, 08/14/30
11,768
10,840,682
2.75%, 08/14/50(a)
11,974
7,880,324
3.80%, 09/18/29
9,475
9,415,805
4.00%, 09/18/31
6,668
6,630,120
4.00%, 11/20/45
10,652
9,000,928
4.20%, 09/18/34
9,224
9,033,494
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pharmaceuticals (continued)
4.40%, 05/06/44
$12,695
$11,505,683
4.70%, 09/18/54
7,074
6,456,901
Pfizer Inc.
1.70%, 05/28/30(a)
7,668
6,911,027
1.75%, 08/18/31(a)
14,091
12,397,546
2.55%, 05/28/40
8,540
6,296,744
2.63%, 04/01/30
24,885
23,418,587
2.70%, 05/28/50(a)
9,939
6,335,674
3.45%, 03/15/29(a)
12,435
12,252,353
3.90%, 03/15/39
9,138
8,116,393
4.00%, 12/15/36(a)
12,542
11,729,911
4.00%, 03/15/49
10,204
8,310,156
4.13%, 12/15/46
8,997
7,529,932
4.20%, 09/15/48
9,427
7,933,607
4.30%, 06/15/43
5,605
4,927,092
4.40%, 05/15/44
6,865
6,171,385
7.20%, 03/15/39
20,187
24,274,952
Pfizer Investment Enterprises Pte Ltd.
4.65%, 05/19/30(a)
11,817
12,050,369
4.75%, 05/19/33(a)
41,349
41,843,067
5.11%, 05/19/43
27,187
26,358,571
5.30%, 05/19/53(a)
52,659
50,754,124
5.34%, 05/19/63
36,081
34,182,100
Takeda Pharmaceutical Co. Ltd.
2.05%, 03/31/30
22,801
20,764,640
3.03%, 07/09/40
16,368
12,580,011
3.18%, 07/09/50(a)
15,052
10,246,578
3.38%, 07/09/60(a)
6,022
3,937,391
5.00%, 11/26/28
4,097
4,186,718
5.30%, 07/05/34
14,271
14,704,616
5.65%, 07/05/44
8,759
8,953,994
Takeda U.S. Financing Inc.
5.20%, 07/07/35
13,586
13,820,777
5.90%, 07/07/55(a)
6,989
7,207,856
Utah Acquisition Sub Inc., 5.25%, 06/15/46(a)
5,745
4,742,282
Viatris Inc.
2.70%, 06/22/30(a)
8,467
7,657,860
3.85%, 06/22/40
7,843
5,967,103
4.00%, 06/22/50(a)
9,775
6,586,547
Wyeth LLC
5.95%, 04/01/37(a)
13,987
15,157,234
6.50%, 02/01/34
8,719
9,859,448
Zoetis Inc.
2.00%, 05/15/30
6,897
6,280,843
4.70%, 02/01/43
8,731
8,099,032
5.00%, 08/17/35
10,332
10,427,354
5.60%, 11/16/32
5,583
5,936,928
 
2,354,908,766
Pipelines — 4.2%
Cheniere Corpus Christi Holdings LLC, 3.70%,
11/15/29
6,402
6,229,442
Cheniere Energy Inc., 5.65%, 04/15/34
10,040
10,372,999
Cheniere Energy Partners LP
3.25%, 01/31/32
13,150
12,004,367
4.00%, 03/01/31
10,699
10,331,225
4.50%, 10/01/29
6,697
6,694,315
5.55%, 10/30/35(a)(b)
8,607
8,807,922
5.75%, 08/15/34(a)
9,365
9,733,564
5.95%, 06/30/33
12,002
12,664,141
Eastern Energy Gas Holdings LLC, 5.65%,
10/15/54
5,685
5,594,498
Security
Par
(000
)
Value
Pipelines (continued)
Enbridge Inc.
2.50%, 08/01/33(a)
$6,555
$5,588,033
3.13%, 11/15/29
10,186
9,729,278
3.40%, 08/01/51
9,711
6,699,525
5.30%, 04/05/29
6,765
6,977,616
5.50%, 12/01/46(a)
5,607
5,568,078
5.55%, 06/20/35
10,902
11,261,864
5.63%, 04/05/34
12,463
12,999,507
5.70%, 03/08/33
15,384
16,214,776
5.95%, 04/05/54(a)
10,393
10,662,712
6.20%, 11/15/30(a)
6,591
7,105,505
6.70%, 11/15/53(a)
9,299
10,365,911
Energy Transfer LP
3.75%, 05/15/30
16,658
16,160,639
5.00%, 05/15/50
18,205
15,431,754
5.15%, 03/15/45
10,464
9,307,328
5.25%, 04/15/29(a)
8,179
8,403,616
5.25%, 07/01/29(a)
6,259
6,440,340
5.30%, 04/15/47
9,078
8,155,206
5.35%, 05/15/45
8,210
7,501,066
5.40%, 10/01/47
14,327
12,970,037
5.55%, 05/15/34
8,137
8,342,621
5.60%, 09/01/34
13,950
14,330,348
5.70%, 04/01/35
13,200
13,588,868
5.75%, 02/15/33
11,328
11,854,047
5.95%, 05/15/54
13,617
13,094,275
6.00%, 06/15/48
9,167
8,945,358
6.05%, 09/01/54
10,782
10,491,467
6.13%, 12/15/45
7,645
7,616,047
6.20%, 04/01/55(a)
9,421
9,345,527
6.25%, 04/15/49
13,371
13,349,088
6.40%, 12/01/30
6,644
7,195,403
6.50%, 02/01/42(a)
8,410
8,850,255
6.55%, 12/01/33
11,808
12,909,327
Enterprise Products Operating LLC
2.80%, 01/31/30
16,540
15,652,948
3.13%, 07/31/29
13,406
12,946,704
3.20%, 02/15/52(a)
10,334
7,010,539
3.30%, 02/15/53
6,511
4,451,510
3.70%, 01/31/51
8,651
6,470,400
3.95%, 01/31/60
6,760
5,052,389
4.20%, 01/31/50
10,191
8,348,912
4.25%, 02/15/48
12,106
10,121,696
4.45%, 02/15/43
8,369
7,434,009
4.60%, 01/15/31(a)
5,894
5,963,919
4.80%, 02/01/49
12,135
10,903,322
4.85%, 01/31/34(a)
7,208
7,293,997
4.85%, 08/15/42
5,770
5,388,884
4.85%, 03/15/44
12,772
11,842,164
4.90%, 05/15/46
7,398
6,806,110
4.95%, 02/15/35(a)
10,776
10,895,414
5.10%, 02/15/45
10,363
9,870,159
5.20%, 01/15/36
6,053
6,167,186
5.35%, 01/31/33
7,032
7,362,213
5.55%, 02/16/55
11,929
11,792,524
5.95%, 02/01/41
5,539
5,877,872
Kinder Morgan Energy Partners LP
5.50%, 03/01/44
7,899
7,673,894
6.95%, 01/15/38
8,110
9,141,188
Kinder Morgan Inc.
2.00%, 02/15/31(a)
10,481
9,296,450
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Pipelines (continued)
3.60%, 02/15/51
$9,899
$6,990,173
4.80%, 02/01/33(a)
8,748
8,745,661
5.00%, 02/01/29
4,720
4,825,171
5.05%, 02/15/46
7,094
6,439,706
5.15%, 06/01/30(a)
10,110
10,419,639
5.20%, 06/01/33
8,426
8,624,217
5.20%, 03/01/48
7,708
7,088,739
5.30%, 12/01/34
8,768
8,938,197
5.40%, 02/01/34(a)
9,159
9,429,651
5.45%, 08/01/52
6,138
5,783,155
5.55%, 06/01/45
13,160
12,790,030
5.85%, 06/01/35(a)
5,632
5,929,909
5.95%, 08/01/54(a)
7,621
7,693,280
7.75%, 01/15/32
7,015
8,124,866
MPLX LP
2.65%, 08/15/30(a)
9,144
8,416,264
4.50%, 04/15/38
12,247
11,096,100
4.70%, 04/15/48
9,454
7,876,451
4.80%, 02/15/29
5,786
5,875,152
4.80%, 02/15/31
9,410
9,494,211
4.95%, 09/01/32(a)
10,518
10,540,827
4.95%, 03/14/52
11,517
9,796,948
5.00%, 01/15/33(a)
9,675
9,665,134
5.00%, 03/01/33
14,193
14,178,760
5.20%, 03/01/47
9,580
8,601,412
5.40%, 04/01/35
6,747
6,790,800
5.40%, 09/15/35(a)
15,136
15,200,231
5.50%, 06/01/34
13,890
14,151,825
5.50%, 02/15/49
12,652
11,726,629
5.95%, 04/01/55(a)
7,925
7,721,008
6.20%, 09/15/55
10,031
10,072,033
ONEOK Inc.
3.10%, 03/15/30
7,025
6,649,122
3.95%, 03/01/50(a)
7,200
5,240,426
4.75%, 10/15/31(a)
10,382
10,370,197
4.95%, 10/15/32
7,807
7,818,614
5.05%, 11/01/34(a)
12,224
12,059,760
5.20%, 07/15/48
8,798
7,858,825
5.40%, 10/15/35(a)
9,541
9,576,134
5.65%, 11/01/28
4,273
4,428,436
5.70%, 11/01/54
12,470
11,621,360
5.85%, 11/01/64(a)
6,599
6,216,238
6.05%, 09/01/33
10,369
10,970,358
6.10%, 11/15/32
6,451
6,898,770
6.25%, 10/15/55
12,957
12,978,353
6.63%, 09/01/53
14,408
15,107,416
Plains All American Pipeline LP, 5.95%,
06/15/35
7,758
8,093,899
Plains All American Pipeline LP/PAA
Finance Corp.
3.55%, 12/15/29
7,205
6,971,139
3.80%, 09/15/30(a)
8,845
8,547,187
Sabine Pass Liquefaction LLC, 4.50%,
05/15/30
8,422
8,450,493
South Bow USA Infrastructure Holdings LLC
5.03%, 10/01/29
9,367
9,458,285
5.58%, 10/01/34
9,964
9,997,654
Targa Resources Corp.
4.20%, 02/01/33
12,380
11,780,726
4.90%, 09/15/30
10,072
10,208,251
4.95%, 04/15/52(a)
5,836
4,991,087
Security
Par
(000
)
Value
Pipelines (continued)
5.50%, 02/15/35
$8,161
$8,302,443
5.55%, 08/15/35
7,790
7,943,512
5.65%, 02/15/36(a)
9,169
9,402,373
6.13%, 03/15/33(a)
6,541
6,968,723
6.13%, 05/15/55
7,862
7,848,813
6.15%, 03/01/29
5,424
5,706,035
6.50%, 03/30/34
7,239
7,895,413
6.50%, 02/15/53(a)
6,855
7,179,941
Targa Resources Partners LP/Targa Resources
Partners Finance Corp.
4.00%, 01/15/32
10,399
9,855,126
4.88%, 02/01/31
10,942
10,970,996
5.50%, 03/01/30
4,856
4,922,157
TransCanada PipeLines Ltd.
4.10%, 04/15/30
10,076
9,933,100
4.63%, 03/01/34
12,439
12,143,403
5.10%, 03/15/49(a)
5,211
4,887,823
6.10%, 06/01/40
6,731
7,111,299
6.20%, 10/15/37
8,508
9,136,136
7.63%, 01/15/39
7,920
9,471,426
Western Midstream Operating LP
4.05%, 02/01/30
10,086
9,838,811
5.25%, 02/01/50
7,872
6,792,916
5.45%, 11/15/34
8,554
8,518,508
6.15%, 04/01/33
6,789
7,153,216
Williams Companies Inc. (The)
2.60%, 03/15/31(a)
15,232
13,814,874
3.50%, 11/15/30
9,211
8,794,839
4.63%, 06/30/30
10,854
10,928,201
4.65%, 08/15/32
9,102
9,077,041
4.85%, 03/01/48
7,368
6,534,200
4.90%, 03/15/29
5,618
5,721,081
5.10%, 09/15/45(a)
8,128
7,520,213
5.15%, 03/15/34
11,906
12,086,422
5.30%, 09/30/35
7,576
7,690,573
5.30%, 08/15/52
6,316
5,923,170
5.60%, 03/15/35
7,856
8,149,033
5.65%, 03/15/33
8,004
8,411,157
5.80%, 11/15/54(a)
7,432
7,456,073
6.30%, 04/15/40
9,131
9,840,833
 
1,386,901,087
Private Equity — 0.0%
KKR & Co. Inc., 5.10%, 08/07/35(a)
9,014
8,982,763
Real Estate — 0.0%
CBRE Services Inc., 5.95%, 08/15/34(a)
7,537
8,059,760
Real Estate Investment Trusts — 1.9%
Alexandria Real Estate Equities Inc.
1.88%, 02/01/33
11,843
9,674,005
2.00%, 05/18/32
9,864
8,305,344
2.95%, 03/15/34(a)
4,929
4,228,470
3.00%, 05/18/51
8,620
5,305,542
3.38%, 08/15/31
10,915
10,202,261
3.55%, 03/15/52
7,518
5,146,212
American Tower Corp.
1.88%, 10/15/30
8,630
7,651,207
2.10%, 06/15/30
8,417
7,602,983
2.90%, 01/15/30
13,331
12,585,957
2.95%, 01/15/51(a)
7,932
5,129,078
3.10%, 06/15/50
7,955
5,378,572
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
3.80%, 08/15/29
$17,006
$16,709,291
4.90%, 03/15/30(a)
2,958
3,015,122
5.55%, 07/15/33(a)
6,041
6,320,825
5.65%, 03/15/33
5,247
5,532,365
5.80%, 11/15/28
4,829
5,033,907
5.90%, 11/15/33(a)
5,809
6,212,250
Boston Properties LP
2.45%, 10/01/33
13,426
11,020,903
2.55%, 04/01/32(a)
8,769
7,602,595
3.25%, 01/30/31(a)
10,400
9,684,432
3.40%, 06/21/29
5,817
5,596,679
4.50%, 12/01/28(a)
5,717
5,724,393
5.75%, 01/15/35(a)
7,157
7,322,954
6.50%, 01/15/34(a)
7,727
8,328,408
Brixmor Operating Partnership LP
4.05%, 07/01/30
7,027
6,893,980
4.13%, 05/15/29
6,349
6,291,112
Crown Castle Inc.
2.10%, 04/01/31
10,814
9,486,189
2.25%, 01/15/31(a)
8,472
7,545,849
2.50%, 07/15/31
8,960
7,978,496
2.90%, 04/01/41(a)
7,931
5,806,791
3.25%, 01/15/51(a)
7,106
4,779,611
3.30%, 07/01/30
10,347
9,805,879
5.10%, 05/01/33
7,282
7,371,279
5.60%, 06/01/29(a)
5,744
5,965,615
5.80%, 03/01/34
7,044
7,404,530
Digital Realty Trust LP, 3.60%, 07/01/29
5,402
5,275,539
Equinix Europe 2 Financing Corp. LLC, 5.50%,
06/15/34(a)
4,614
4,782,704
Equinix Inc.
2.15%, 07/15/30
9,881
8,936,337
2.50%, 05/15/31
8,541
7,709,108
3.20%, 11/18/29
10,876
10,428,813
3.90%, 04/15/32
10,452
10,050,761
ERP Operating LP, 4.50%, 07/01/44
6,764
6,043,268
Extra Space Storage LP
4.95%, 01/15/33
3,467
3,485,850
5.50%, 07/01/30
9,370
9,753,671
GLP Capital LP/GLP Financing II Inc.
3.25%, 01/15/32
7,370
6,617,404
5.30%, 01/15/29
3,534
3,601,499
5.63%, 09/15/34
6,871
6,936,139
Healthpeak OP LLC
3.00%, 01/15/30(a)
9,447
8,938,619
5.25%, 12/15/32(a)
6,827
7,019,161
Host Hotels & Resorts LP, Series I, 3.50%,
09/15/30
6,911
6,512,114
Prologis LP
1.25%, 10/15/30
12,240
10,647,325
2.25%, 04/15/30(a)
10,133
9,361,310
4.75%, 06/15/33(a)
8,471
8,553,817
5.00%, 03/15/34
6,979
7,098,716
5.13%, 01/15/34
6,374
6,547,797
5.25%, 05/15/35(a)
5,902
6,069,543
5.25%, 06/15/53
8,189
7,956,006
5.25%, 03/15/54
7,179
6,977,365
Public Storage Operating Co., 5.35%, 08/01/53
8,450
8,326,304
Realty Income Corp.
3.25%, 01/15/31
10,312
9,772,713
5.13%, 02/15/34
6,412
6,563,973
Security
Par
(000
)
Value
Real Estate Investment Trusts (continued)
5.63%, 10/13/32(a)
$6,726
$7,131,334
Simon Property Group LP
2.45%, 09/13/29
10,843
10,190,685
2.65%, 07/15/30
10,416
9,723,742
3.25%, 09/13/49(a)
11,703
8,206,189
3.80%, 07/15/50
6,515
4,991,073
4.75%, 09/26/34(a)
8,167
8,110,883
5.13%, 10/01/35(a)
6,570
6,652,065
Ventas Realty LP, 4.40%, 01/15/29
5,201
5,213,859
VICI Properties LP
4.95%, 02/15/30
9,792
9,893,146
5.13%, 11/15/31
7,301
7,396,792
5.13%, 05/15/32
8,832
8,900,676
5.63%, 04/01/35
8,359
8,522,330
5.63%, 05/15/52
5,905
5,599,521
Welltower OP LLC
2.80%, 06/01/31
12,321
11,373,461
3.10%, 01/15/30
12,648
12,111,056
4.50%, 07/01/30(a)
6,335
6,402,874
5.13%, 07/01/35(a)
7,366
7,509,583
Weyerhaeuser Co.
4.00%, 11/15/29(a)
7,623
7,534,087
4.00%, 04/15/30
8,342
8,228,631
 
606,300,929
Retail — 2.8%
AutoZone Inc.
4.00%, 04/15/30
7,188
7,100,539
4.75%, 08/01/32
5,753
5,796,609
Costco Wholesale Corp.
1.60%, 04/20/30
14,870
13,451,357
1.75%, 04/20/32
11,126
9,627,903
Dollar General Corp.
3.50%, 04/03/30(a)
5,176
4,975,708
5.45%, 07/05/33
5,378
5,560,770
Dollar Tree Inc., 2.65%, 12/01/31
7,321
6,538,632
Home Depot Inc. (The)
1.38%, 03/15/31
14,590
12,614,043
1.88%, 09/15/31
17,509
15,338,381
2.38%, 03/15/51
14,996
8,773,489
2.70%, 04/15/30
14,569
13,741,621
2.75%, 09/15/51
10,576
6,679,930
2.95%, 06/15/29(a)
11,344
10,954,914
3.13%, 12/15/49
12,745
8,832,726
3.25%, 04/15/32
12,622
11,820,918
3.30%, 04/15/40
11,511
9,463,121
3.35%, 04/15/50
13,154
9,476,681
3.50%, 09/15/56
7,107
5,084,860
3.63%, 04/15/52
13,713
10,221,508
3.90%, 12/06/28(a)
4,939
4,941,196
3.90%, 06/15/47
12,707
10,263,202
4.20%, 04/01/43
7,699
6,718,174
4.25%, 04/01/46
12,883
11,085,918
4.40%, 03/15/45
9,532
8,431,575
4.50%, 09/15/32(a)
9,707
9,838,242
4.50%, 12/06/48
10,851
9,527,034
4.65%, 09/15/35(a)
8,465
8,380,662
4.75%, 06/25/29
8,194
8,389,240
4.85%, 06/25/31(a)
4,746
4,899,966
4.88%, 02/15/44
7,815
7,395,163
4.90%, 04/15/29(a)
12,238
12,598,623
4.95%, 06/25/34(a)
9,627
9,848,094
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Retail (continued)
4.95%, 09/15/52(a)
$9,675
$9,000,078
5.30%, 06/25/54
13,727
13,353,385
5.88%, 12/16/36
21,419
23,267,700
5.95%, 04/01/41(a)
7,035
7,577,472
Lowe's Companies Inc.
1.70%, 10/15/30(a)
13,638
12,032,325
2.63%, 04/01/31(a)
17,200
15,718,860
2.80%, 09/15/41
9,953
7,225,385
3.00%, 10/15/50
15,650
10,155,301
3.65%, 04/05/29
9,629
9,468,819
3.70%, 04/15/46
10,772
8,265,060
3.75%, 04/01/32
14,929
14,253,169
4.05%, 05/03/47
11,718
9,395,034
4.25%, 03/15/31
9,096
9,032,114
4.25%, 04/01/52
13,759
11,066,185
4.45%, 04/01/62
8,983
7,165,710
4.50%, 04/15/30(a)
9,228
9,320,769
4.50%, 10/15/32(a)
12,419
12,299,286
4.85%, 10/15/35
11,750
11,595,668
5.00%, 04/15/33(a)
6,950
7,097,310
5.15%, 07/01/33(a)
9,299
9,580,010
5.63%, 04/15/53(a)
13,388
13,247,115
5.80%, 09/15/62
8,218
8,200,004
McDonald's Corp.
2.13%, 03/01/30
16,113
14,793,378
2.63%, 09/01/29
11,451
10,857,246
3.60%, 07/01/30
8,441
8,237,842
3.63%, 09/01/49
13,475
10,059,133
4.20%, 04/01/50
7,040
5,763,899
4.45%, 03/01/47
10,228
8,841,912
4.45%, 09/01/48
7,184
6,202,005
4.60%, 09/09/32(a)
6,932
7,034,775
4.70%, 12/09/35(a)
5,299
5,256,873
4.88%, 12/09/45
13,524
12,486,673
4.95%, 03/03/35(a)
9,073
9,162,712
5.00%, 02/13/36
6,781
6,828,778
5.15%, 09/09/52(a)
7,361
6,917,647
5.45%, 08/14/53(a)
5,439
5,337,536
6.30%, 10/15/37
7,125
7,921,991
6.30%, 03/01/38
6,815
7,560,271
O'Reilly Automotive Inc., 4.70%, 06/15/32
6,569
6,609,548
Starbucks Corp.
2.25%, 03/12/30
8,847
8,131,980
2.55%, 11/15/30(a)
8,297
7,649,918
3.00%, 02/14/32(a)
6,328
5,828,510
3.50%, 11/15/50(a)
9,035
6,458,610
3.55%, 08/15/29(a)
12,345
12,101,899
4.00%, 11/15/28
5,194
5,181,957
4.45%, 08/15/49(a)
8,155
6,861,612
4.50%, 11/15/48
9,629
8,204,396
Target Corp.
2.35%, 02/15/30(a)
12,163
11,350,960
2.95%, 01/15/52(a)
7,817
5,126,049
3.38%, 04/15/29
7,722
7,565,221
4.00%, 07/01/42(a)
8,586
7,368,929
4.50%, 09/15/32(a)
7,442
7,482,791
4.50%, 09/15/34(a)
7,480
7,383,887
4.80%, 01/15/53(a)
9,323
8,458,624
5.00%, 04/15/35(a)
9,486
9,606,296
Walmart Inc.
1.80%, 09/22/31(a)
7,762
6,862,965
Security
Par
(000
)
Value
Retail (continued)
2.50%, 09/22/41
$8,576
$6,207,924
2.65%, 09/22/51(a)
14,210
9,120,278
4.05%, 06/29/48
13,502
11,406,490
4.10%, 04/15/33(a)
9,141
9,097,189
4.15%, 09/09/32(a)
14,073
14,105,934
4.35%, 04/28/30(a)
14,687
14,903,620
4.50%, 09/09/52(a)
9,605
8,628,485
4.50%, 04/15/53(a)
12,668
11,320,670
4.90%, 04/28/35(a)
6,569
6,744,980
5.25%, 09/01/35(a)
13,869
14,666,031
6.20%, 04/15/38(a)
6,871
7,792,106
6.50%, 08/15/37
8,145
9,483,994
 
921,662,082
Semiconductors — 3.4%
Analog Devices Inc.
2.10%, 10/01/31
10,239
9,043,176
2.80%, 10/01/41
7,165
5,306,509
2.95%, 10/01/51
8,972
5,933,177
Applied Materials Inc.
1.75%, 06/01/30
6,945
6,249,333
2.75%, 06/01/50(a)
6,070
3,970,042
4.35%, 04/01/47
7,239
6,334,006
Broadcom Inc.
2.45%, 02/15/31
20,762
18,920,400
2.60%, 02/15/33(a)
17,089
15,025,406
3.14%, 11/15/35(b)
29,841
25,847,582
3.19%, 11/15/36(b)
25,161
21,463,503
3.42%, 04/15/33
16,047
14,951,768
3.47%, 04/15/34(a)
28,389
25,991,569
3.50%, 02/15/41
20,313
16,858,827
3.75%, 02/15/51(a)
12,985
10,101,443
4.00%, 04/15/29(b)
15,823
15,739,049
4.15%, 11/15/30
16,800
16,699,591
4.15%, 04/15/32(b)
14,969
14,658,410
4.20%, 10/15/30
8,059
8,041,588
4.30%, 11/15/32(a)
16,448
16,231,229
4.35%, 02/15/30
15,588
15,651,852
4.55%, 02/15/32
9,567
9,622,750
4.60%, 07/15/30
6,869
6,963,532
4.75%, 04/15/29
13,611
13,859,244
4.80%, 10/15/34(a)
18,691
18,771,411
4.80%, 02/15/36
20,068
19,913,340
4.90%, 07/15/32
19,590
20,025,108
4.90%, 02/15/38
16,113
15,936,571
4.93%, 05/15/37(a)(b)
16,840
16,749,374
5.05%, 07/12/29
7,503
7,720,959
5.05%, 04/15/30
7,673
7,916,201
5.15%, 11/15/31
16,244
16,885,264
5.20%, 04/15/32
13,758
14,313,757
5.20%, 07/15/35
19,987
20,582,063
Intel Corp.
2.00%, 08/12/31
7,039
6,156,713
2.45%, 11/15/29
12,080
11,222,262
2.80%, 08/12/41
7,398
5,209,652
3.05%, 08/12/51(a)
10,718
6,822,709
3.10%, 02/15/60
9,230
5,386,086
3.20%, 08/12/61
7,044
4,189,916
3.25%, 11/15/49
18,410
12,220,114
3.73%, 12/08/47
15,617
11,426,993
3.90%, 03/25/30
12,651
12,393,742
4.00%, 08/05/29
17,386
17,189,425
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Semiconductors (continued)
4.00%, 12/15/32
$7,927
$7,561,483
4.10%, 05/19/46
10,880
8,553,266
4.10%, 05/11/47
8,586
6,631,204
4.15%, 08/05/32
8,297
8,018,066
4.60%, 03/25/40(a)
7,282
6,575,034
4.75%, 03/25/50
19,133
16,136,378
4.80%, 10/01/41
8,680
7,816,330
4.90%, 07/29/45
6,075
5,367,453
4.90%, 08/05/52
14,781
12,662,917
4.95%, 03/25/60
8,714
7,372,286
5.05%, 08/05/62
7,955
6,715,197
5.13%, 02/10/30
6,311
6,484,311
5.15%, 02/21/34(a)
10,513
10,667,710
5.20%, 02/10/33(a)
16,249
16,556,644
5.60%, 02/21/54(a)
9,047
8,631,439
5.63%, 02/10/43
9,280
9,131,788
5.70%, 02/10/53
15,698
15,110,711
5.90%, 02/10/63
11,963
11,612,423
KLA Corp.
3.30%, 03/01/50
7,723
5,508,304
4.10%, 03/15/29
5,818
5,826,929
4.65%, 07/15/32(a)
10,835
10,997,854
4.95%, 07/15/52
10,912
10,177,837
5.25%, 07/15/62
7,431
7,147,137
Lam Research Corp.
1.90%, 06/15/30
7,711
6,981,989
2.88%, 06/15/50(a)
6,052
4,049,978
4.00%, 03/15/29(a)
7,968
7,955,664
4.88%, 03/15/49(a)
7,747
7,221,564
Marvell Technology Inc., 2.95%, 04/15/31
10,683
9,880,197
Microchip Technology Inc.
5.05%, 03/15/29
7,626
7,773,919
5.05%, 02/15/30
10,024
10,223,116
Micron Technology Inc.
2.70%, 04/15/32
11,066
9,873,238
4.66%, 02/15/30(a)
10,614
10,717,705
5.30%, 01/15/31
9,606
9,934,417
5.80%, 01/15/35
7,862
8,284,437
5.88%, 02/09/33
5,584
5,923,786
5.88%, 09/15/33
7,116
7,572,755
6.05%, 11/01/35
10,069
10,788,643
NVIDIA Corp.
2.00%, 06/15/31(a)
6,861
6,166,589
2.85%, 04/01/30
8,162
7,796,348
3.50%, 04/01/40
10,524
9,022,796
3.50%, 04/01/50
19,053
14,525,150
NXP BV/NXP Funding LLC/NXP USA Inc.
2.50%, 05/11/31(a)
11,327
10,195,396
2.65%, 02/15/32
12,840
11,401,392
3.25%, 05/11/41
6,160
4,678,841
3.40%, 05/01/30
7,195
6,901,299
4.30%, 06/18/29
7,227
7,208,971
5.00%, 01/15/33
9,288
9,372,017
Qualcomm Inc.
1.65%, 05/20/32
7,167
6,090,179
2.15%, 05/20/30
11,686
10,743,149
3.25%, 05/20/50(a)
6,713
4,747,452
4.30%, 05/20/47
13,289
11,379,357
4.50%, 05/20/52
7,728
6,693,860
4.65%, 05/20/35(a)
15,189
15,238,638
4.80%, 05/20/45
12,117
11,285,089
Security
Par
(000
)
Value
Semiconductors (continued)
6.00%, 05/20/53(a)
$7,845
$8,392,470
Texas Instruments Inc.
1.75%, 05/04/30
10,516
9,499,793
2.25%, 09/04/29(a)
10,576
9,918,264
3.88%, 03/15/39
7,444
6,635,090
4.15%, 05/15/48
11,822
9,881,343
4.90%, 03/14/33(a)
8,350
8,612,942
5.05%, 05/18/63
13,284
12,180,110
5.15%, 02/08/54(a)
6,151
5,893,805
Xilinx Inc., 2.38%, 06/01/30
10,609
9,821,924
 
1,117,222,019
Software — 3.8%
Adobe Inc.
2.30%, 02/01/30
13,146
12,257,785
4.80%, 04/04/29
7,322
7,511,269
4.95%, 04/04/34
5,024
5,190,809
Autodesk Inc., 2.40%, 12/15/31(a)
10,198
9,049,951
Cadence Design Systems Inc.
4.30%, 09/10/29
9,874
9,913,269
4.70%, 09/10/34
8,796
8,800,188
Fidelity National Information Services Inc.
2.25%, 03/01/31(a)
8,738
7,764,233
3.10%, 03/01/41
6,221
4,634,400
5.10%, 07/15/32(a)
5,811
5,926,750
Fiserv Inc.
2.65%, 06/01/30
10,380
9,514,036
3.50%, 07/01/29
23,575
22,669,833
4.40%, 07/01/49(a)
15,955
12,768,132
4.55%, 02/15/31(a)
5,030
4,992,536
4.75%, 03/15/30
10,755
10,762,852
5.15%, 08/12/34(a)
12,571
12,470,895
5.25%, 08/11/35(a)
9,181
9,147,667
5.45%, 03/15/34(a)
8,368
8,484,388
5.60%, 03/02/33(a)
6,965
7,167,828
5.63%, 08/21/33
9,850
10,146,285
Intuit Inc.
5.20%, 09/15/33(a)
8,835
9,231,724
5.50%, 09/15/53(a)
11,032
11,054,242
Microsoft Corp.
2.50%, 09/15/50
13,730
8,563,971
2.53%, 06/01/50
53,073
33,318,290
2.68%, 06/01/60(a)
34,104
20,169,668
2.92%, 03/17/52
53,311
35,938,550
3.04%, 03/17/62
18,944
12,191,921
3.45%, 08/08/36(a)
13,590
12,411,304
3.50%, 02/12/35(a)
11,584
10,922,238
3.70%, 08/08/46
8,543
6,995,737
4.10%, 02/06/37(a)
11,459
11,042,303
4.25%, 02/06/47(a)
11,403
10,287,941
4.45%, 11/03/45(a)
8,070
7,545,569
4.50%, 02/06/57(a)
9,185
8,325,165
MSCI Inc., 5.25%, 09/01/35
10,581
10,619,335
Oracle Corp.
2.88%, 03/25/31
20,003
18,238,345
2.95%, 04/01/30
32,107
30,050,235
3.60%, 04/01/40
26,619
20,858,089
3.60%, 04/01/50(a)
38,817
26,248,067
3.65%, 03/25/41
22,741
17,681,218
3.80%, 11/15/37
17,701
14,937,228
3.85%, 07/15/36(a)
11,056
9,622,988
3.85%, 04/01/60(a)
30,288
19,961,864
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Software (continued)
3.90%, 05/15/35
$14,240
$12,709,650
3.95%, 03/25/51(a)
26,879
19,127,658
4.00%, 07/15/46
26,946
20,206,304
4.00%, 11/15/47
20,874
15,526,837
4.10%, 03/25/61
13,095
9,019,063
4.13%, 05/15/45
18,722
14,484,096
4.20%, 09/27/29
19,353
19,203,496
4.30%, 07/08/34
17,072
15,986,723
4.38%, 05/15/55
10,405
7,837,270
4.45%, 09/26/30
20,911
20,731,745
4.50%, 07/08/44
15,477
12,771,394
4.65%, 05/06/30(a)
7,157
7,204,749
4.70%, 09/27/34
14,616
14,003,315
4.80%, 09/26/32
28,093
27,762,264
4.90%, 02/06/33
15,425
15,285,532
5.20%, 09/26/35
24,528
24,126,187
5.25%, 02/03/32
14,612
14,854,913
5.38%, 07/15/40
18,021
17,102,915
5.38%, 09/27/54
15,393
13,531,072
5.50%, 08/03/35(a)
14,954
15,078,839
5.50%, 09/27/64(a)
12,116
10,526,982
5.55%, 02/06/53
17,939
16,131,188
5.88%, 09/26/45
31,493
30,280,973
5.95%, 09/26/55
15,747
14,970,770
6.00%, 08/03/55(a)
14,645
13,970,551
6.10%, 09/26/65
17,932
17,037,141
6.13%, 07/08/39(a)
12,709
13,101,603
6.13%, 08/03/65
10,634
10,134,950
6.15%, 11/09/29(a)
17,677
18,722,614
6.25%, 11/09/32
15,247
16,324,620
6.50%, 04/15/38
8,708
9,299,293
6.90%, 11/09/52
21,400
22,727,555
Paychex Inc.
5.10%, 04/15/30
11,872
12,196,069
5.35%, 04/15/32
12,873
13,346,190
5.60%, 04/15/35
9,351
9,770,891
Roper Technologies Inc.
1.75%, 02/15/31(a)
14,629
12,753,745
4.90%, 10/15/34(a)
7,333
7,316,317
5.10%, 09/15/35
7,904
7,959,500
Salesforce Inc.
1.95%, 07/15/31(a)
11,133
9,888,793
2.70%, 07/15/41
9,701
7,112,688
2.90%, 07/15/51(a)
17,556
11,425,136
3.05%, 07/15/61
11,613
7,225,158
Synopsys Inc.
4.85%, 04/01/30
18,168
18,469,225
5.00%, 04/01/32
10,591
10,812,044
5.15%, 04/01/35
16,671
16,941,078
5.70%, 04/01/55
15,440
15,536,741
VMware LLC
2.20%, 08/15/31
9,139
8,079,728
4.70%, 05/15/30
7,884
7,993,931
Workday Inc.
3.70%, 04/01/29
4,351
4,286,680
3.80%, 04/01/32
10,257
9,807,847
 
1,246,093,121
Telecommunications — 5.8%
AT&T Inc.
2.25%, 02/01/32(a)
17,638
15,440,855
2.55%, 12/01/33
29,166
24,734,150
Security
Par
(000
)
Value
Telecommunications (continued)
2.75%, 06/01/31
$19,149
$17,551,276
3.30%, 02/01/52
7,412
4,937,491
3.50%, 06/01/41
21,693
17,156,427
3.50%, 09/15/53
66,851
45,813,726
3.55%, 09/15/55
63,649
43,482,203
3.65%, 06/01/51
28,514
20,437,546
3.65%, 09/15/59
54,160
36,739,458
3.80%, 12/01/57
51,785
36,594,575
3.85%, 06/01/60
11,748
8,278,809
4.30%, 02/15/30
18,282
18,277,057
4.30%, 12/15/42
11,695
10,045,473
4.35%, 03/01/29
10,174
10,199,158
4.35%, 06/15/45
9,955
8,385,451
4.50%, 05/15/35
21,065
20,237,672
4.50%, 03/09/48
15,003
12,641,918
4.55%, 11/01/32
13,893
13,778,848
4.55%, 03/09/49
8,150
6,861,636
4.70%, 08/15/30(a)
11,400
11,566,210
4.75%, 05/15/46(a)
13,395
11,874,181
4.85%, 03/01/39
11,812
11,281,736
4.90%, 11/01/35(a)
17,721
17,481,242
5.25%, 03/01/37
11,445
11,592,643
5.38%, 08/15/35
11,209
11,477,278
5.40%, 02/15/34(a)
18,662
19,319,955
5.55%, 11/01/45
10,115
9,916,745
5.65%, 02/15/47(a)
7,026
7,191,915
5.70%, 11/01/54
18,313
17,921,598
6.05%, 08/15/56(a)
11,621
11,950,880
Bell Telephone Co. of Canada or Bell Canada
4.46%, 04/01/48
8,158
6,822,318
5.10%, 05/11/33(a)
7,633
7,748,726
5.55%, 02/15/54(a)
6,682
6,508,924
British Telecommunications PLC, 9.63%,
12/15/30
18,032
22,040,276
Cisco Systems Inc.
4.75%, 02/24/30
10,055
10,296,640
4.85%, 02/26/29
4,891
5,009,548
4.95%, 02/26/31
10,630
10,989,202
4.95%, 02/24/32
10,728
11,040,388
5.05%, 02/26/34
15,356
15,779,334
5.10%, 02/24/35
13,879
14,281,215
5.30%, 02/26/54
17,570
17,145,059
5.35%, 02/26/64
10,782
10,481,955
5.50%, 01/15/40
11,327
11,748,504
5.50%, 02/24/55
7,652
7,688,525
5.90%, 02/15/39
15,526
16,763,905
Corning Inc.
4.38%, 11/15/57
8,587
7,116,836
5.45%, 11/15/79
8,061
7,540,567
Deutsche Telekom International Finance BV,
8.75%, 06/15/30
26,985
31,714,761
Motorola Solutions Inc.
2.30%, 11/15/30
8,321
7,529,703
2.75%, 05/24/31(a)
8,094
7,402,226
4.60%, 05/23/29
5,496
5,554,883
5.40%, 04/15/34
8,093
8,391,692
5.55%, 08/15/35
5,622
5,842,054
Orange SA
5.38%, 01/13/42(a)
7,749
7,702,609
5.50%, 02/06/44
8,456
8,425,932
9.00%, 03/01/31
16,282
19,703,320
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Telecommunications (continued)
Rogers Communications Inc.
3.80%, 03/15/32
$20,277
$19,100,875
4.50%, 03/15/42
6,307
5,474,440
4.55%, 03/15/52
17,731
14,537,335
5.00%, 02/15/29(a)
7,512
7,647,035
5.00%, 03/15/44
5,150
4,722,838
5.30%, 02/15/34(a)
10,526
10,644,503
Sprint Capital Corp.
6.88%, 11/15/28
141
151,411
8.75%, 03/15/32
14,356
17,464,836
Telefonica Emisiones SA
4.90%, 03/06/48
11,029
9,461,887
5.21%, 03/08/47
18,951
16,955,833
5.52%, 03/01/49(a)
11,061
10,292,922
7.05%, 06/20/36
15,403
17,352,633
Telefonica Europe BV, 8.25%, 09/15/30(a)
7,793
8,991,535
TELUS Corp., 3.40%, 05/13/32(a)
8,893
8,180,512
T-Mobile USA Inc.
2.25%, 11/15/31
13,271
11,676,228
2.55%, 02/15/31
22,488
20,452,917
2.63%, 02/15/29
5,121
4,869,526
2.70%, 03/15/32
14,742
13,179,255
2.88%, 02/15/31
9,373
8,659,752
3.00%, 02/15/41
20,998
15,713,994
3.30%, 02/15/51
25,115
17,012,522
3.38%, 04/15/29
17,023
16,552,435
3.40%, 10/15/52
22,277
15,179,006
3.50%, 04/15/31
12,796
12,175,696
3.60%, 11/15/60
12,033
8,149,010
3.88%, 04/15/30
50,056
49,065,482
4.38%, 04/15/40(a)
14,772
13,261,310
4.50%, 04/15/50
26,040
21,770,385
4.63%, 01/15/33
7,795
7,728,773
4.70%, 01/15/35
10,531
10,304,844
4.85%, 01/15/29
5,456
5,563,570
4.95%, 11/15/35
9,311
9,234,905
5.05%, 07/15/33
21,415
21,787,593
5.13%, 05/15/32
11,842
12,167,611
5.15%, 04/15/34
7,606
7,766,315
5.20%, 01/15/33(a)
12,338
12,702,726
5.25%, 06/15/55
7,764
7,188,080
5.30%, 05/15/35(a)
6,663
6,803,060
5.50%, 01/15/55
7,341
7,070,547
5.65%, 01/15/53
15,281
15,030,706
5.70%, 01/15/56
11,869
11,714,504
5.75%, 01/15/34(a)
8,917
9,427,294
5.75%, 01/15/54
13,120
13,071,031
5.80%, 09/15/62(a)
4,343
4,352,017
5.88%, 11/15/55
10,328
10,443,879
6.00%, 06/15/54
7,737
7,972,230
Verizon Communications Inc.
1.50%, 09/18/30
15,595
13,649,271
1.68%, 10/30/30
14,444
12,701,499
1.75%, 01/20/31
13,611
11,898,618
2.36%, 03/15/32
38,500
33,675,992
2.55%, 03/21/31
29,631
26,913,242
2.65%, 11/20/40
23,661
16,930,023
2.85%, 09/03/41
7,692
5,559,988
2.88%, 11/20/50(a)
26,544
16,719,476
2.99%, 10/30/56(a)
31,957
19,544,195
3.00%, 11/20/60(a)
16,767
10,006,406
Security
Par
(000
)
Value
Telecommunications (continued)
3.15%, 03/22/30(a)
$14,500
$13,855,508
3.40%, 03/22/41
31,095
24,448,099
3.55%, 03/22/51
37,190
26,805,180
3.70%, 03/22/61
29,980
20,779,858
3.88%, 02/08/29
7,970
7,910,898
3.88%, 03/01/52(a)
8,246
6,225,590
4.00%, 03/22/50
11,366
8,896,261
4.02%, 12/03/29
25,534
25,287,267
4.13%, 08/15/46
7,846
6,377,298
4.27%, 01/15/36
13,078
12,263,628
4.40%, 11/01/34
9,214
8,857,295
4.50%, 08/10/33(a)
16,514
16,222,335
4.52%, 09/15/48
9,124
7,771,925
4.78%, 02/15/35(a)
20,738
20,298,630
4.81%, 03/15/39
12,062
11,429,402
4.86%, 08/21/46
21,585
19,440,025
5.01%, 08/21/54
9,781
8,799,907
5.05%, 05/09/33(a)
8,106
8,288,060
5.25%, 04/02/35
16,363
16,555,727
5.25%, 03/16/37
11,555
11,608,970
5.50%, 02/23/54(a)
9,681
9,373,788
6.55%, 09/15/43
5,958
6,588,971
Vodafone Group PLC
4.25%, 09/17/50
9,468
7,539,889
4.88%, 06/19/49
8,900
7,846,168
5.25%, 05/30/48(a)
11,403
10,724,617
5.75%, 06/28/54(a)
15,877
15,585,633
5.88%, 06/28/64
7,806
7,708,562
6.15%, 02/27/37
9,777
10,653,999
 
1,889,205,212
Toys, Games & Hobbies — 0.0%
Hasbro Inc., 3.90%, 11/19/29
7,992
7,815,239
Transportation — 1.5%
Burlington Northern Santa Fe LLC
3.30%, 09/15/51
8,971
6,336,000
3.55%, 02/15/50
8,753
6,554,608
3.90%, 08/01/46
8,017
6,513,733
4.05%, 06/15/48
7,881
6,505,551
4.13%, 06/15/47
5,596
4,688,051
4.15%, 04/01/45(a)
7,226
6,144,863
4.15%, 12/15/48
8,478
7,075,660
4.45%, 03/15/43
8,611
7,775,005
4.45%, 01/15/53
6,898
5,953,142
4.55%, 09/01/44
6,054
5,448,277
4.90%, 04/01/44
8,693
8,253,956
5.20%, 04/15/54
13,171
12,602,042
5.50%, 03/15/55
11,522
11,532,272
5.75%, 05/01/40
5,453
5,788,791
5.80%, 03/15/56(a)
8,675
9,032,034
Canadian National Railway Co.
3.85%, 08/05/32
6,289
6,065,690
4.38%, 09/18/34(a)
6,229
6,104,645
Canadian Pacific Railway Co.
2.45%, 12/02/31(a)
14,446
12,871,724
3.00%, 12/02/41
8,277
6,218,279
3.10%, 12/02/51
15,341
10,382,775
6.13%, 09/15/2115
7,383
7,600,872
CSX Corp.
3.80%, 11/01/46
8,041
6,393,517
4.10%, 11/15/32(a)
9,874
9,690,933
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Transportation (continued)
4.10%, 03/15/44
$8,484
$7,244,695
4.25%, 03/15/29(a)
6,246
6,280,585
4.30%, 03/01/48
8,463
7,190,871
4.50%, 11/15/52(a)
7,629
6,594,000
5.05%, 06/15/35
2,894
2,945,490
FedEx Corp.
4.55%, 04/01/46
4,949
4,149,672
4.75%, 11/15/45
6,015
5,187,670
5.25%, 05/15/50(a)
4,060
3,734,844
Norfolk Southern Corp.
3.05%, 05/15/50
10,166
6,875,911
3.16%, 05/15/55
5,898
3,890,163
4.55%, 06/01/53
6,531
5,650,611
5.35%, 08/01/54(a)
7,227
7,066,111
Union Pacific Corp.
2.38%, 05/20/31(a)
12,627
11,519,986
2.40%, 02/05/30(a)
6,796
6,335,722
2.80%, 02/14/32
8,531
7,798,164
2.95%, 03/10/52
6,363
4,137,865
2.97%, 09/16/62
10,578
6,351,504
3.20%, 05/20/41
6,926
5,443,794
3.25%, 02/05/50
16,286
11,504,842
3.50%, 02/14/53
11,937
8,665,266
3.70%, 03/01/29
7,580
7,492,807
3.75%, 02/05/70
6,247
4,361,759
3.80%, 10/01/51
7,348
5,673,156
3.80%, 04/06/71
7,005
4,935,396
3.84%, 03/20/60
14,431
10,693,263
4.50%, 01/20/33(a)
8,055
8,119,057
5.10%, 02/20/35(a)
8,580
8,840,127
5.60%, 12/01/54(a)
9,129
9,232,438
United Parcel Service Inc.
3.40%, 03/15/29(a)
8,072
7,923,612
3.75%, 11/15/47
9,991
7,851,939
4.25%, 03/15/49
6,461
5,428,773
4.45%, 04/01/30(a)
8,534
8,682,560
4.88%, 03/03/33(a)
9,541
9,834,031
5.05%, 03/03/53(a)
9,240
8,610,856
5.15%, 05/22/34(a)
10,162
10,565,115
5.25%, 05/14/35(a)
9,480
9,828,161
5.30%, 04/01/50(a)
8,971
8,768,310
5.50%, 05/22/54(a)
9,333
9,277,815
5.95%, 05/14/55
10,690
11,193,978
6.05%, 05/14/65
8,694
9,135,372
6.20%, 01/15/38
10,877
12,030,862
 
482,579,573
Security
Par
(000
)
Value
Trucking & Leasing — 0.0%
GATX Corp., 6.05%, 06/05/54
$1,030
$1,056,619
Water — 0.1%
American Water Capital Corp.
3.75%, 09/01/47
8,135
6,355,845
4.45%, 06/01/32(a)
6,360
6,348,585
5.25%, 03/01/35(a)
6,589
6,767,779
5.70%, 09/01/55(a)
8,175
8,294,425
6.59%, 10/15/37
6,051
6,860,578
 
34,627,212
Total Long-Term Investments — 98.0%
(Cost: $34,328,168,389)
32,052,832,389
 
Shares
 
Short-Term Securities
Money Market Funds — 7.3%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 4.27%(d)(e)(f)
2,057,495,385
2,058,524,133
BlackRock Cash Funds: Treasury, SL Agency
Shares, 4.05%(d)(e)
334,210,000
334,210,000
Total Short-Term Securities — 7.3%
(Cost: $2,391,418,935)
2,392,734,133
Total Investments — 105.3%
(Cost: $36,719,587,324)
34,445,566,522
Liabilities in Excess of Other Assets — (5.3)%
(1,720,122,773
)
Net Assets — 100.0%
$32,725,443,749
 
(a)
All or a portion of this security is on loan.
(b)
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.
(c)
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.
(d)
Affiliate of the Fund.
(e)
Annualized 7-day yield as of period end.
(f)
All or a portion of this security was purchased with the cash collateral from loaned
securities.
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments at the measurement date. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows: 
• Level 1 – Unadjusted price quotations in active markets/exchanges that the Fund has the ability to access for identical assets or liabilities;
• Level 2 – Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly; and
• Level 3 – Inputs that are unobservable and significant to the entire fair value measurement for the asset or liability (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments).
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy.  In such cases, for disclosure purposes, the fair value hierarchy
Schedule of Investments (unaudited)(continued)
October 31, 2025
iShares® iBoxx $ Investment Grade Corporate Bond ETF
 
Fair Value Hierarchy as of Period End (continued)
classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds that may not have a secondary market and/or may have a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
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
$—
$32,052,832,389
$—
$32,052,832,389
Short-Term Securities 
Money Market Funds
2,392,734,133
—
—
2,392,734,133
 
$2,392,734,133
$32,052,832,389
$—
$34,445,566,522
Statements of Assets and Liabilities (unaudited)
October 31, 2025
 
 
iShares
iBoxx $ High Yield
Corporate Bond
ETF
iShares
iBoxx $ Investment
Grade Corporate
Bond ETF
ASSETS
 
 
Investments, at value—unaffiliated(a)(b)
$18,304,246,397
$32,052,832,389
Investments, at value—affiliated(c)
2,992,570,183
2,392,734,133
Cash
—
21,919
Foreign currency, at value(d)
55,099
—
Receivables:
 
 
Investments sold
49,073,402
231,882,393
Securities lending income—affiliated
1,161,257
478,783
Loans
118,521
—
Capital shares sold
347,865
3,761,666
Dividends—affiliated
407,102
1,247,637
Interest—unaffiliated
299,016,083
362,386,379
Total assets
21,646,995,909
35,045,345,299
LIABILITIES
 
 
Bank overdraft
90,557
—
Collateral on securities loaned, at value
2,787,788,760
2,057,106,898
Payables:
 
 
Investments purchased
208,858,966
255,389,111
Capital shares redeemed
2,827,522
3,709,492
Investment advisory fees
7,953,558
3,696,049
Total liabilities
3,007,519,363
2,319,901,550
Commitments and contingent liabilities
 
 
NET ASSETS
$18,639,476,546
$32,725,443,749
NET ASSETS CONSIST OF
 
 
Paid-in capital
$21,092,460,152
$37,523,880,369
Accumulated loss
(2,452,983,606)
(4,798,436,620)
NET ASSETS
$18,639,476,546
$32,725,443,749
NET ASSET VALUE
 
 
Shares outstanding
230,800,000
294,000,000
Net asset value
$80.76
$111.31
Shares authorized
Unlimited
Unlimited
Par value
None
None
(a) Investments, at cost—unaffiliated
$18,816,534,583
$34,328,168,389
(b) Securities loaned, at value
$2,671,270,006
$1,976,173,690
(c) Investments, at cost—affiliated
$2,991,022,685
$2,391,418,935
(d) Foreign currency, at cost
$50,945
$—
Glossary of Terms Used in these Financial Statements
 
Portfolio Abbreviation 
CME
Chicago Mercantile Exchange
CMT
Constant Maturity Treasury
NVS
Non-Voting Shares
PIK
Payment-in-kind
RB
Revenue Bonds
SOFR
Secured Overnight Financing Rate
 
Currency Abbreviation 
EUR
Euro

Additional
Financial
Information
Schedule
of
Investments
(Unaudited)
October
31,
2025
Statement
of
Assets
and
Liabilities
(Unaudited)
October
31,
2025
iShares
Trust
iShares
20+
Year
Treasury
Bond
ETF
|
TLT
|
NASDAQ
Schedule
of
Investments
(unaudited)
October
31,
2025
iShares
®
20+
Year
Treasury
Bond
ETF
(Percentages
shown
are
based
on
Net
Assets)
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments
at
the
measurement
date.
These
inputs
to
valuation
techniques
are
categorized
into
a
fair
value
hierarchy
consisting
of
three
broad
levels
for
financial
reporting
purposes
as
follows:
Level
1
—
Unadjusted
price
quotations
in
active
markets/exchanges
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
—
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
—
Inputs
that
are
unobservable
and
significant
to
the
entire
fair
value
measurement
for
the
asset
or
liability
(including
the
Valuation
Committee's
assumptions
used
in
determining
the
fair
value
of
financial
instruments).
The
hierarchy
gives
the
highest
priority
to
unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
(Level
1
measurements)
and
the
lowest
priority
to
unobservable
inputs
(Level
3
measurements).
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
fair
value
hierarchy
classification
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Investments
classified
within
Level
3
have
significant
unobservable
inputs
used
by
the
Valuation
Committee
in
determining
the
price
for
Fair
Valued
Investments.
Level
3
investments
include
equity
or
debt
issued
by
privately
held
companies
or
funds,
that
may
not have
a
secondary
market,
and/
or
may
have
a
limited
number
of
investors.
The
categorization
of
a
value
determined
for
financial
instruments
is
based
on
the
pricing
transparency
of
the
financial
instruments
and
is
not
necessarily
an
indication
of
the
risks
associated
with
investing
in
those
securities.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
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.
Security
Par
(000)
Par
(000)
Value
U.S.
Treasury
Obligations
U.S.
Treasury
Bonds
3.38
%
,
05/15/44
-
11/15/48
............
USD
1,712,226
$
1,389,106,161
3.13
%
,
08/15/44
-
05/15/48
............
1,661,668
1,294,776,946
3.00
%
,
11/15/44
-
08/15/52
............
6,352,138
4,817,169,939
2.50
%
,
02/15/45
-
05/15/46
............
3,086,779
2,198,132,003
4.75
%
,
02/15/45
-
08/15/55
............
5,443,569
5,511,712,625
2.88
%
,
08/15/45
-
05/15/52
............
1,897,813
1,399,439,037
4.88
%
,
08/15/45
...................
322,798
332,481,734
2.75
%
,
08/15/47
-
11/15/47
............
1,705,547
1,247,670,711
2.25
%
,
08/15/49
-
02/15/52
............
2,288,436
1,461,951,139
2.38
%
,
11/15/49
-
05/15/51
............
501,145
329,482,233
2.00
%
,
02/15/50
-
08/15/51
............
6,777,224
4,048,837,157
1.25
%
,
05/15/50
...................
775,571
385,361,840
1.38
%
,
08/15/50
...................
2,482,605
1,265,255,510
1.63
%
,
11/15/50
...................
3,056,828
1,661,911,589
1.88
%
,
02/15/51
-
11/15/51
............
7,586,747
4,362,373,996
4.00
%
,
11/15/52
...................
1,853,500
1,656,493,317
3.63
%
,
02/15/53
-
05/15/53
............
3,897,238
3,251,637,589
4.13
%
,
08/15/53
...................
2,489,432
2,271,607,065
4.25
%
,
02/15/54
-
08/15/54
............
4,411,614
4,112,562,773
4.63
%
,
05/15/54
-
02/15/55
............
4,102,678
4,070,657,403
Security
Par
(000)
Par
(000)
Value
U.S.
Treasury
Obligations
(continued)
4.50
%
,
11/15/54
...................
USD
1,701,880
$
1,655,144,970
Total
Long-Term
Investments
—
98
.2
%
(Cost:
$
53,682,628,193
)
............................
48,723,765,737
Shares
Shares
Short-Term
Securities
Money
Market
Funds
—
0.2%
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
4.05
%
(a)
(b)
..................
114,969,559
114,969,559
Total
Short-Term
Securities
—
0
.2
%
(Cost:
$
114,969,559
)
..............................
114,969,559
Total
Investments
—
98
.4
%
(Cost:
$
53,797,597,752
)
............................
48,838,735,296
Other
Assets
Less
Liabilities
—
1.6
%
....................
805,140,158
Net
Assets
—
100.0%
...............................
$
49,643,875,454
(a)
Affiliate
of
the
Fund.
(b)
Annualized
7-day
yield
as
of
period
end.
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
U.S.
Treasury
Obligations
...................................
$
—
$
48,723,765,737
$
—
$
48,723,765,737
Short-Term
Securities
Money
Market
Funds
......................................
114,969,559
—
—
114,969,559
$
114,969,559
$
48,723,765,737
$
—
$
48,838,735,296
Statement
of
Assets
and
Liabilities
(unaudited)

October
31,
2025
iShares
20+
Year
Treasury
Bond
ETF
ASSETS
Investments,
at
value
—
unaffiliated
(a)
........................................................................................
$
48,723,765,737‌
Investments,
at
value
—
affiliated
(b)
..........................................................................................
114,969,559‌
Receivables:
–‌
Investment
s
sold
....................................................................................................
163,804,876‌
Securities
lending
income
—
affiliated
......................................................................................
8‌
Capital
shares
sold
...................................................................................................
280,898‌
Dividends
—
affiliated
.................................................................................................
618,262‌
Interest
—
unaffiliated
.................................................................................................
647,084,585‌
Total
a
ssets
.........................................................................................................
49,650,523,925‌
LIABILITIES
Payables:
–‌
Capital
shares
redeemed
...............................................................................................
324,113‌
Investment
advisory
fees
...............................................................................................
6,324,358‌
Total
li
abilities
........................................................................................................
6,648,471‌
Commitments
and
contingent
liabilities
—‌
NET
ASSETS
........................................................................................................
$
49,643,875,454‌
NET
ASSETS
CONSIST
OF:
Paid-in
capital
........................................................................................................
$
65,423,109,306‌
Accumulated
loss
.....................................................................................................
(
15,779,233,852‌
)
NET
ASSETS
........................................................................................................
$
49,643,875,454‌
NET
ASSET
VALUE
Shares
outstanding
....................................................................................................
550,000,000‌
Net
asset
value
.......................................................................................................
$
90.26‌
Shares
authorized
.....................................................................................................
Unlimited
Par
value
...........................................................................................................
None
(a)
  Investments,
at
cost
—
unaffiliated
.................................................................................
$
53,682,628,193‌
(b)
  Investments,
at
cost
—
affiliated
...................................................................................
$
114,969,559‌
Glossary
of
Terms
Used
in
these
Financial
Statements
Currency
Abbreviation
USD
United
States
Dollar

Additional
Financial
Information
Schedules
of
Investments
(Unaudited)
October
31,
2025
Statements
of
Assets
and
Liabilities
(Unaudited)
October
31,
2025
iShares
Trust
iShares
Core
S&P
500
ETF
|
IVV
|
NYSE
Arca
iShares
Russell
2000
ETF
|
IWM
|
NYSE
Arca
Schedule
of
Investments
(unaudited)
October
31,
2025
iShares
®
Core
S&P
500
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
2.2%
Axon
Enterprise,
Inc.
(a)
(b)
................
965,704
$
707,117,440
Boeing
Co.
(The)
(a)
(b)
...................
9,301,750
1,869,837,785
GE
Aerospace
.......................
13,044,811
4,030,194,358
General
Dynamics
Corp.
................
3,105,762
1,071,177,314
Howmet
Aerospace,
Inc.
................
4,958,986
1,021,303,167
Huntington
Ingalls
Industries,
Inc.
..........
482,244
155,292,213
L3Harris
Technologies,
Inc.
..............
2,301,518
665,368,854
Lockheed
Martin
Corp.
.................
2,527,299
1,243,127,832
Northrop
Grumman
Corp.
...............
1,655,661
965,995,410
RTX
Corp.
.........................
16,465,849
2,939,154,046
Textron,
Inc.
(a)
.......................
2,192,616
177,185,299
TransDigm
Group,
Inc.
.................
693,180
907,032,962
15,752,786,680
Air
Freight
&
Logistics
—
0.3%
CH
Robinson
Worldwide,
Inc.
............
1,452,677
223,697,731
Expeditors
International
of
Washington,
Inc.
...
1,668,440
203,382,836
FedEx
Corp.
........................
2,669,722
677,628,838
United
Parcel
Service,
Inc.
,
Class
B
........
9,054,309
873,016,474
1,977,725,879
Automobile
Components
—
0.0%
Aptiv
plc
(a)
(b)
.........................
2,679,607
217,316,128
Automobiles
—
2.4%
Ford
Motor
Co.
......................
48,086,002
631,369,206
General
Motors
Co.
...................
11,711,827
809,170,128
Tesla,
Inc.
(b)
.........................
34,519,265
15,760,115,628
17,200,654,962
Banks
—
3.5%
Bank
of
America
Corp.
.................
83,826,084
4,480,504,190
Citigroup,
Inc.
.......................
22,645,496
2,292,403,560
Citizens
Financial
Group,
Inc.
............
5,306,167
269,924,715
Fifth
Third
Bancorp
...................
8,142,091
338,873,828
Huntington
Bancshares,
Inc.
.............
19,345,550
298,695,292
JPMorgan
Chase
&
Co.
................
33,825,635
10,523,831,561
KeyCorp
...........................
11,468,027
201,722,595
M&T
Bank
Corp.
.....................
1,922,317
353,456,427
PNC
Financial
Services
Group,
Inc.
(The)
....
4,844,350
884,336,093
Regions
Financial
Corp.
................
10,976,576
265,633,139
Truist
Financial
Corp.
..................
15,861,767
707,910,661
US
Bancorp
........................
19,143,196
893,604,389
Wells
Fargo
&
Co.
....................
39,406,589
3,427,191,045
24,938,087,495
Beverages
—
1.0%
Brown-Forman
Corp.
,
Class
B,
NVS
........
2,163,804
58,920,383
Coca-Cola
Co.
(The)
..................
47,646,750
3,282,861,075
Constellation
Brands,
Inc.
,
Class
A
.........
1,756,934
230,825,989
Keurig
Dr
Pepper,
Inc.
.................
16,710,559
453,858,782
Molson
Coors
Beverage
Co.
,
Class
B
.......
2,081,272
90,993,212
Monster
Beverage
Corp.
(b)
...............
8,768,296
585,985,222
PepsiCo,
Inc.
.......................
16,841,470
2,460,370,352
7,163,815,015
Biotechnology
—
1.6%
AbbVie,
Inc.
........................
21,731,015
4,738,230,510
Amgen,
Inc.
........................
6,622,569
1,976,373,267
Biogen,
Inc.
(a)
(b)
......................
1,803,560
278,235,201
Gilead
Sciences,
Inc.
..................
15,263,578
1,828,424,009
Incyte
Corp.
(b)
.......................
2,018,364
188,676,667
Moderna,
Inc.
(a)
(b)
.....................
4,255,598
115,582,042
Regeneron
Pharmaceuticals,
Inc.
..........
1,253,137
816,794,696
Security
Shares
Shares
Value
Biotechnology
(continued)
Vertex
Pharmaceuticals,
Inc.
(a)
(b)
...........
3,153,951
$
1,342,226,927
11,284,543,319
Broadline
Retail
—
4.1%
Amazon.com,
Inc.
(b)
...................
119,385,280
29,156,273,082
eBay,
Inc.
..........................
5,621,708
457,101,077
29,613,374,159
Building
Products
—
0.5%
A
O
Smith
Corp.
.....................
1,404,211
92,663,884
Allegion
plc
.........................
1,056,127
175,074,173
Builders
FirstSource,
Inc.
(a)
(b)
.............
1,358,795
157,851,215
Carrier
Global
Corp.
...................
9,840,593
585,416,878
Johnson
Controls
International
plc
.........
8,049,807
920,817,423
Lennox
International,
Inc.
...............
393,124
198,527,620
Masco
Corp.
........................
2,577,132
166,895,068
Trane
Technologies
plc
.................
2,737,231
1,228,058,688
3,525,304,949
Capital
Markets
—
3.3%
Ameriprise
Financial,
Inc.
...............
1,159,334
524,911,655
Bank
of
New
York
Mellon
Corp.
(The)
.......
8,675,403
936,336,246
BlackRock,
Inc.
(c)
.....................
1,771,555
1,918,257,470
Blackstone,
Inc.
,
Class
A
................
9,067,213
1,329,616,114
CBOE
Global
Markets,
Inc.
..............
1,286,596
316,039,442
Charles
Schwab
Corp.
(The)
.............
20,989,834
1,983,959,110
CME
Group,
Inc.
,
Class
A
...............
4,433,117
1,176,948,232
Coinbase
Global,
Inc.
,
Class
A
(a)
(b)
..........
2,782,032
956,406,961
FactSet
Research
Systems,
Inc.
...........
465,358
124,157,514
Franklin
Resources,
Inc.
................
3,763,859
85,100,852
Goldman
Sachs
Group,
Inc.
(The)
.........
3,723,871
2,939,512,051
Interactive
Brokers
Group,
Inc.
,
Class
A
......
5,477,131
385,370,937
Intercontinental
Exchange,
Inc.
...........
7,041,565
1,030,110,544
Invesco
Ltd.
........................
5,490,759
130,130,988
KKR
&
Co.,
Inc.
......................
8,439,091
998,597,638
Moody's
Corp.
.......................
1,897,899
911,560,890
Morgan
Stanley
......................
14,924,164
2,447,562,896
MSCI,
Inc.
.........................
951,692
560,118,327
Nasdaq,
Inc.
........................
5,576,169
476,706,688
Northern
Trust
Corp.
...................
2,352,420
302,685,881
Raymond
James
Financial,
Inc.
...........
2,182,893
346,359,632
Robinhood
Markets,
Inc.
,
Class
A
(a)
(b)
........
9,520,788
1,397,461,263
S&P
Global,
Inc.
.....................
3,844,166
1,872,916,117
State
Street
Corp.
....................
3,489,826
403,633,275
T.
Rowe
Price
Group,
Inc.
...............
2,700,410
276,873,037
23,831,333,760
Chemicals
—
1.0%
Air
Products
&
Chemicals,
Inc.
............
2,737,710
664,141,069
Albemarle
Corp.
.....................
1,448,824
142,317,982
CF
Industries
Holdings,
Inc.
..............
1,993,631
166,049,526
Corteva,
Inc.
........................
8,353,834
513,259,561
Dow,
Inc.
..........................
8,721,130
207,998,950
DuPont
de
Nemours,
Inc.
...............
5,150,777
420,560,942
Eastman
Chemical
Co.
.................
1,410,833
83,972,780
Ecolab,
Inc.
........................
3,140,069
805,113,692
International
Flavors
&
Fragrances,
Inc.
......
3,153,286
198,562,419
Linde
plc
..........................
5,768,217
2,412,845,171
LyondellBasell
Industries
NV
,
Class
A
.......
3,162,481
146,802,368
Mosaic
Co.
(The)
.....................
3,900,326
107,063,949
PPG
Industries,
Inc.
...................
2,776,410
271,394,078
Sherwin-Williams
Co.
(The)
..............
2,852,429
983,916,859
Solstice
Advanced
Materials,
Inc.
(b)
.........
1,951,687
87,962,533
7,211,961,879
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Core
S&P
500
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Commercial
Services
&
Supplies
—
0.4%
Cintas
Corp.
........................
4,213,591
$
772,224,823
Copart,
Inc.
(a)
(b)
......................
10,943,032
470,659,806
Republic
Services,
Inc.
.................
2,496,437
519,858,041
Rollins,
Inc.
.........................
3,459,040
199,275,294
Veralto
Corp.
........................
3,052,711
301,241,522
Waste
Management,
Inc.
................
4,558,918
910,735,049
3,173,994,535
Communications
Equipment
—
0.9%
Arista
Networks,
Inc.
(b)
.................
12,678,112
1,999,211,482
Cisco
Systems,
Inc.
...................
48,713,247
3,561,425,488
F5,
Inc.
(a)
(b)
.........................
706,383
178,750,218
Motorola
Solutions,
Inc.
................
2,049,451
833,532,216
6,572,919,404
Construction
&
Engineering
—
0.2%
EMCOR
Group,
Inc.
...................
550,657
372,122,988
Quanta
Services,
Inc.
(a)
.................
1,832,972
823,242,714
1,195,365,702
Construction
Materials
—
0.1%
Martin
Marietta
Materials,
Inc.
............
741,844
454,824,556
Vulcan
Materials
Co.
..................
1,625,301
470,524,640
925,349,196
Consumer
Finance
—
0.6%
American
Express
Co.
(a)
................
6,677,014
2,408,599,260
Capital
One
Financial
Corp.
..............
7,866,701
1,730,595,553
Synchrony
Financial
...................
4,576,809
340,423,054
4,479,617,867
Consumer
Staples
Distribution
&
Retail
—
1.7%
Costco
Wholesale
Corp.
................
5,455,357
4,972,285,138
Dollar
General
Corp.
..................
2,707,166
267,088,998
Dollar
Tree,
Inc.
(a)
(b)
...................
2,388,020
236,700,542
Kroger
Co.
(The)
.....................
7,482,451
476,108,357
Sysco
Corp.
........................
5,873,836
436,308,538
Target
Corp.
........................
5,589,307
518,240,545
Walmart,
Inc.
........................
53,993,371
5,463,049,278
12,369,781,396
Containers
&
Packaging
—
0.2%
Amcor
plc
..........................
28,358,788
224,034,425
Avery
Dennison
Corp.
..................
958,700
167,667,043
Ball
Corp.
..........................
3,349,184
157,411,648
International
Paper
Co.
.................
6,494,881
250,962,202
Packaging
Corp.
of
America
.............
1,099,345
215,207,777
Smurfit
WestRock
plc
..................
6,423,451
237,153,811
1,252,436,906
Distributors
—
0.1%
Genuine
Parts
Co.
....................
1,711,017
217,829,574
LKQ
Corp.
.........................
3,162,187
101,063,497
Pool
Corp.
.........................
404,179
107,940,044
426,833,115
Diversified
Telecommunication
Services
—
0.6%
AT&T,
Inc.
..........................
87,959,255
2,176,991,561
Verizon
Communications,
Inc.
............
51,866,411
2,061,171,173
4,238,162,734
Electric
Utilities
—
1.5%
Alliant
Energy
Corp.
...................
3,162,144
211,294,462
American
Electric
Power
Co.,
Inc.
..........
6,578,690
791,153,259
Constellation
Energy
Corp.
..............
3,843,010
1,448,814,770
Duke
Energy
Corp.
...................
9,565,810
1,189,030,183
Edison
International
...................
4,733,971
262,167,314
Entergy
Corp.
.......................
5,491,425
527,671,028
Security
Shares
Shares
Value
Electric
Utilities
(continued)
Evergy,
Inc.
.........................
2,831,782
$
217,509,176
Eversource
Energy
...................
4,565,209
336,958,076
Exelon
Corp.
........................
12,424,185
573,003,412
FirstEnergy
Corp.
....................
6,392,554
292,970,750
NextEra
Energy,
Inc.
..................
25,332,045
2,062,028,463
NRG
Energy,
Inc.
.....................
2,379,459
408,933,824
PG&E
Corp.
........................
27,036,321
431,499,683
Pinnacle
West
Capital
Corp.
.............
1,467,675
129,918,591
PPL
Corp.
.........................
9,097,019
332,223,134
Southern
Co.
(The)
...................
13,532,043
1,272,553,324
Xcel
Energy,
Inc.
.....................
7,275,327
590,538,293
11,078,267,742
Electrical
Equipment
—
0.9%
AMETEK,
Inc.
.......................
2,841,042
574,202,999
Eaton
Corp.
plc
......................
4,788,908
1,827,255,736
Emerson
Electric
Co.
..................
6,923,189
966,269,489
GE
Vernova,
Inc.
.....................
3,348,718
1,959,468,850
Generac
Holdings,
Inc.
(a)
(b)
...............
722,120
121,330,602
Hubbell,
Inc.
........................
653,693
307,235,710
Rockwell
Automation,
Inc.
...............
1,383,088
509,474,296
6,265,237,682
Electronic
Equipment,
Instruments
&
Components
—
0.8%
Amphenol
Corp.
,
Class
A
...............
15,018,954
2,092,741,050
CDW
Corp.
.........................
1,612,464
256,978,388
Corning,
Inc.
........................
9,589,174
854,203,620
Jabil,
Inc.
..........................
1,320,167
291,611,689
Keysight
Technologies,
Inc.
(a)
(b)
............
2,117,170
387,357,423
TE
Connectivity
plc
...................
3,634,810
897,834,418
Teledyne
Technologies,
Inc.
(a)
(b)
...........
576,785
303,861,874
Trimble,
Inc.
(a)
(b)
......................
2,927,335
233,454,966
Zebra
Technologies
Corp.
,
Class
A
(b)
........
625,091
168,305,752
5,486,349,180
Energy
Equipment
&
Services
—
0.2%
Baker
Hughes
Co.
,
Class
A
..............
12,127,624
587,098,278
Halliburton
Co.
......................
10,488,140
281,501,677
SLB
Ltd.
...........................
18,353,033
661,810,370
1,530,410,325
Entertainment
—
1.5%
Electronic
Arts,
Inc.
...................
2,770,091
554,184,406
Live
Nation
Entertainment,
Inc.
(a)
(b)
.........
1,940,240
290,124,087
Netflix,
Inc.
(a)
(b)
.......................
5,227,155
5,848,454,643
Take-Two
Interactive
Software,
Inc.
(b)
........
2,133,073
546,855,925
TKO
Group
Holdings,
Inc.
,
Class
A
(a)
........
848,731
159,900,920
Walt
Disney
Co.
(The)
.................
22,116,982
2,490,814,513
Warner
Bros
Discovery,
Inc.
(a)
(b)
...........
30,455,291
683,721,283
10,574,055,777
Financial
Services
—
3.8%
Apollo
Global
Management,
Inc.
...........
5,660,462
703,652,031
Berkshire
Hathaway,
Inc.
,
Class
B
(b)
........
22,557,379
10,772,050,768
Block,
Inc.
,
Class
A
(a)
(b)
.................
6,760,492
513,391,763
Corpay,
Inc.
(b)
.......................
868,646
226,151,986
Fidelity
National
Information
Services,
Inc.
....
6,425,957
401,750,832
Fiserv,
Inc.
(b)
........................
6,686,918
445,950,561
Global
Payments,
Inc.
.................
2,984,408
232,067,566
Jack
Henry
&
Associates,
Inc.
............
895,247
133,338,088
Mastercard,
Inc.
,
Class
A
................
10,154,652
5,605,266,357
PayPal
Holdings,
Inc.
(b)
.................
11,752,421
814,090,203
Visa,
Inc.
,
Class
A
....................
20,896,062
7,120,124,166
26,967,834,321
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Core
S&P
500
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Food
Products
—
0.5%
Archer-Daniels-Midland
Co.
..............
5,910,347
$
357,753,304
Bunge
Global
SA
.....................
1,723,563
163,049,060
Campbell's
Co.
(The)
..................
2,417,714
72,845,723
Conagra
Brands,
Inc.
..................
5,896,477
101,360,440
General
Mills,
Inc.
....................
6,577,350
306,570,283
Hershey
Co.
(The)
....................
1,821,962
309,059,414
Hormel
Foods
Corp.
...................
3,581,863
77,332,422
J
M
Smucker
Co.
(The)
.................
1,312,355
135,894,360
Kellanova
..........................
3,307,664
274,734,572
Kraft
Heinz
Co.
(The)
..................
10,483,087
259,246,742
Lamb
Weston
Holdings,
Inc.
.............
1,712,965
105,741,329
McCormick
&
Co.,
Inc.
(Non-Voting)
,
NVS
....
3,113,216
199,743,939
Mondelez
International,
Inc.
,
Class
A
........
15,917,246
914,604,955
Tyson
Foods,
Inc.
,
Class
A
..............
3,516,057
180,760,490
3,458,697,033
Gas
Utilities
—
0.0%
Atmos
Energy
Corp.
...................
1,974,659
339,088,443
Ground
Transportation
—
0.9%
CSX
Corp.
.........................
22,933,089
826,049,866
JB
Hunt
Transport
Services,
Inc.
..........
939,994
158,727,387
Norfolk
Southern
Corp.
.................
2,759,853
782,087,143
Old
Dominion
Freight
Line,
Inc.
...........
2,275,105
319,470,244
Uber
Technologies,
Inc.
(a)
(b)
..............
25,653,430
2,475,555,995
Union
Pacific
Corp.
...................
7,295,181
1,607,639,037
6,169,529,672
Health
Care
Equipment
&
Supplies
—
2.0%
Abbott
Laboratories
...................
21,409,963
2,646,699,626
Align
Technology,
Inc.
(a)
(b)
................
829,630
114,389,384
Baxter
International,
Inc.
................
6,311,987
116,582,400
Becton
Dickinson
&
Co.
................
3,525,894
630,112,517
Boston
Scientific
Corp.
(a)
(b)
...............
18,227,522
1,835,876,016
Cooper
Cos.,
Inc.
(The)
(a)
(b)
..............
2,455,515
171,665,054
Dexcom,
Inc.
(b)
......................
4,824,029
280,854,968
Edwards
Lifesciences
Corp.
(a)
(b)
...........
7,222,112
595,463,134
GE
HealthCare
Technologies,
Inc.
.........
5,616,320
420,943,184
Hologic,
Inc.
(b)
.......................
2,736,312
202,240,820
IDEXX
Laboratories,
Inc.
(a)
(b)
.............
984,168
619,543,598
Insulet
Corp.
(a)
(b)
......................
865,928
271,044,123
Intuitive
Surgical,
Inc.
(b)
.................
4,409,744
2,356,038,024
Medtronic
plc
.......................
15,761,265
1,429,546,736
ResMed,
Inc.
.......................
1,801,099
444,655,321
Solventum
Corp.
(a)
(b)
...................
1,814,338
125,261,896
STERIS
plc
.........................
1,211,775
285,615,368
Stryker
Corp.
.......................
4,232,597
1,507,820,355
Zimmer
Biomet
Holdings,
Inc.
............
2,436,845
245,049,133
14,299,401,657
Health
Care
Providers
&
Services
—
1.6%
Cardinal
Health,
Inc.
...................
2,937,484
560,383,823
Cencora,
Inc.
.......................
2,384,958
805,662,662
Centene
Corp.
(b)
.....................
5,740,463
203,040,176
Cigna
Group
(The)
....................
3,283,570
802,537,344
CVS
Health
Corp.
....................
15,602,098
1,219,303,959
DaVita,
Inc.
(a)
(b)
......................
439,398
52,297,150
Elevance
Health,
Inc.
..................
2,769,989
878,640,511
HCA
Healthcare,
Inc.
..................
2,014,906
926,211,990
Henry
Schein,
Inc.
(a)
(b)
..................
1,266,248
80,026,874
Humana,
Inc.
.......................
1,479,506
411,583,774
Labcorp
Holdings,
Inc.
.................
1,022,588
259,696,448
McKesson
Corp.
.....................
1,530,089
1,241,422,409
Molina
Healthcare,
Inc.
(a)
(b)
...............
666,362
101,993,368
Quest
Diagnostics,
Inc.
.................
1,374,783
241,893,069
UnitedHealth
Group,
Inc.
................
11,140,996
3,805,318,594
Security
Shares
Shares
Value
Health
Care
Providers
&
Services
(continued)
Universal
Health
Services,
Inc.
,
Class
B
.....
694,052
$
150,616,224
11,740,628,375
Health
Care
REITs
—
0.3%
Alexandria
Real
Estate
Equities,
Inc.
........
1,912,702
111,357,510
Healthpeak
Properties,
Inc.
..............
8,553,968
153,543,726
Ventas,
Inc.
........................
5,590,598
412,530,226
Welltower,
Inc.
.......................
8,227,450
1,489,497,548
2,166,929,010
Hotel
&
Resort
REITs
—
0.0%
Host
Hotels
&
Resorts,
Inc.
..............
7,858,234
125,888,909
Hotels,
Restaurants
&
Leisure
—
1.8%
Airbnb,
Inc.
,
Class
A
(a)
(b)
.................
5,278,255
667,910,388
Booking
Holdings,
Inc.
.................
398,686
2,024,423,849
Carnival
Corp.
(a)
(b)
.....................
13,355,380
385,035,605
Chipotle
Mexican
Grill,
Inc.
(a)
(b)
............
16,494,671
522,716,124
Darden
Restaurants,
Inc.
...............
1,440,159
259,444,644
Domino's
Pizza,
Inc.
...................
384,208
153,091,520
DoorDash,
Inc.
,
Class
A
(b)
...............
4,553,610
1,158,301,776
Expedia
Group,
Inc.
...................
1,453,919
319,862,180
Hilton
Worldwide
Holdings,
Inc.
...........
2,893,199
743,436,415
Las
Vegas
Sands
Corp.
................
3,800,276
225,546,380
Marriott
International,
Inc.
,
Class
A
.........
2,771,615
722,227,437
McDonald's
Corp.
....................
8,778,279
2,619,701,802
MGM
Resorts
International
(a)
(b)
............
2,509,199
80,369,644
Norwegian
Cruise
Line
Holdings
Ltd.
(a)
(b)
.....
5,554,122
124,523,415
Royal
Caribbean
Cruises
Ltd.
............
3,107,489
891,321,070
Starbucks
Corp.
......................
13,982,923
1,130,798,983
Wynn
Resorts
Ltd.
....................
1,039,031
123,634,299
Yum!
Brands,
Inc.
....................
3,414,062
471,857,509
12,624,203,040
Household
Durables
—
0.3%
DR
Horton,
Inc.
......................
3,410,610
508,453,739
Garmin
Ltd.
.........................
2,010,894
430,210,662
Lennar
Corp.
,
Class
A
..................
2,799,808
346,532,236
Mohawk
Industries,
Inc.
(a)
(b)
..............
642,017
72,958,812
NVR,
Inc.
(a)
(b)
........................
35,656
257,108,998
PulteGroup,
Inc.
.....................
2,427,191
290,947,385
1,906,211,832
Household
Products
—
0.8%
Church
&
Dwight
Co.,
Inc.
...............
2,997,102
262,815,874
Clorox
Co.
(The)
.....................
1,503,471
169,080,349
Colgate-Palmolive
Co.
.................
9,942,194
766,046,048
Kimberly-Clark
Corp.
..................
4,081,336
488,576,733
Procter
&
Gamble
Co.
(The)
.............
28,814,282
4,332,803,584
6,019,322,588
Independent
Power
and
Renewable
Electricity
Producers
—
0.1%
AES
Corp.
(The)
.....................
8,750,171
121,364,872
Vistra
Corp.
(a)
.......................
3,917,861
737,733,226
859,098,098
Industrial
Conglomerates
—
0.4%
3M
Co.
............................
6,552,058
1,090,917,657
Honeywell
International,
Inc.
.............
7,810,078
1,572,403,004
2,663,320,661
Industrial
REITs
—
0.2%
Prologis,
Inc.
........................
11,416,410
1,416,662,317
Insurance
—
1.7%
Aflac,
Inc.
..........................
5,921,220
634,695,573
Allstate
Corp.
(The)
...................
3,241,462
620,804,802
American
International
Group,
Inc.
.........
6,814,986
538,111,295
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Core
S&P
500
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Insurance
(continued)
Aon
plc
,
Class
A
.....................
2,652,499
$
903,653,359
Arch
Capital
Group
Ltd.
................
4,572,306
394,635,731
Arthur
J
Gallagher
&
Co.
................
3,153,606
786,793,161
Assurant,
Inc.
.......................
620,622
131,398,090
Brown
&
Brown,
Inc.
...................
3,604,272
287,404,649
Chubb
Ltd.
.........................
4,561,109
1,263,153,527
Cincinnati
Financial
Corp.
...............
1,923,790
297,398,696
Erie
Indemnity
Co.
,
Class
A,
NVS
..........
312,331
91,400,544
Everest
Group
Ltd.
....................
515,956
162,278,481
Globe
Life,
Inc.
......................
996,789
131,087,721
Hartford
Insurance
Group,
Inc.
(The)
........
3,458,790
429,512,542
Loews
Corp.
(a)
.......................
2,093,163
208,395,308
Marsh
&
McLennan
Cos.,
Inc.
............
6,047,630
1,077,385,285
MetLife,
Inc.
........................
6,871,792
548,506,437
Principal
Financial
Group,
Inc.
............
2,491,494
209,385,156
Progressive
Corp.
(The)
................
7,211,139
1,485,494,634
Prudential
Financial,
Inc.
................
4,330,068
450,327,072
Travelers
Cos.,
Inc.
(The)
...............
2,769,448
743,929,122
Willis
Towers
Watson
plc
................
1,199,970
375,710,607
WR
Berkley
Corp.
(a)
...................
3,686,332
262,982,925
12,034,444,717
Interactive
Media
&
Services
—
7.5%
Alphabet,
Inc.
,
Class
A
.................
71,556,844
20,121,068,964
Alphabet,
Inc.
,
Class
C,
NVS
.............
57,444,757
16,189,081,418
Match
Group,
Inc.
....................
2,957,034
95,630,480
Meta
Platforms,
Inc.
,
Class
A
.............
26,681,120
17,298,704,152
53,704,485,014
IT
Services
—
0.9%
Accenture
plc
,
Class
A
.................
7,661,921
1,916,246,442
Akamai
Technologies,
Inc.
(a)
(b)
.............
1,762,063
132,330,931
Cognizant
Technology
Solutions
Corp.
,
Class
A
.
6,007,921
437,857,283
EPAM
Systems,
Inc.
(a)
(b)
................
684,908
112,009,854
Gartner,
Inc.
(a)
(b)
......................
931,654
231,366,954
GoDaddy,
Inc.
,
Class
A
(a)
(b)
...............
1,703,234
226,751,543
International
Business
Machines
Corp.
......
11,458,924
3,522,587,827
VeriSign,
Inc.
.......................
1,034,150
247,989,170
6,827,140,004
Leisure
Products
—
0.0%
Hasbro,
Inc.
........................
1,637,095
124,926,719
Life
Sciences
Tools
&
Services
—
0.9%
Agilent
Technologies,
Inc.
...............
3,494,378
511,437,164
Bio-Techne
Corp.
.....................
1,926,697
120,553,431
Charles
River
Laboratories
International,
Inc.
(b)
.
604,967
108,936,408
Danaher
Corp.
......................
7,839,470
1,688,465,049
IQVIA
Holdings,
Inc.
(a)
(b)
.................
2,091,226
452,666,780
Mettler-Toledo
International,
Inc.
(a)
(b)
........
253,395
358,880,804
Revvity,
Inc.
(a)
.......................
1,426,416
133,498,273
Thermo
Fisher
Scientific,
Inc.
(a)
............
4,645,130
2,635,600,311
Waters
Corp.
(a)
(b)
.....................
732,374
256,037,950
West
Pharmaceutical
Services,
Inc.
........
884,552
249,505,583
6,515,581,753
Machinery
—
1.6%
Caterpillar,
Inc.
......................
5,762,915
3,326,700,313
Cummins,
Inc.
.......................
1,694,951
741,846,154
Deere
&
Co.
........................
3,098,325
1,430,279,770
Dover
Corp.
........................
1,686,931
306,110,499
Fortive
Corp.
........................
4,162,419
209,536,173
IDEX
Corp.
.........................
926,538
158,864,206
Illinois
Tool
Works,
Inc.
.................
3,263,113
795,938,523
Ingersoll
Rand,
Inc.
(a)
..................
4,449,173
339,605,375
Nordson
Corp.
.......................
660,379
153,174,909
Otis
Worldwide
Corp.
..................
4,827,965
447,842,033
Security
Shares
Shares
Value
Machinery
(continued)
PACCAR,
Inc.
.......................
6,459,466
$
635,611,454
Parker-Hannifin
Corp.
..................
1,571,840
1,214,765,107
Pentair
plc
.........................
2,016,829
214,489,764
Snap-on,
Inc.
.......................
641,564
215,276,800
Stanley
Black
&
Decker,
Inc.
.............
1,902,617
128,845,223
Westinghouse
Air
Brake
Technologies
Corp.
...
2,102,949
429,926,894
Xylem,
Inc.
.........................
2,994,267
451,685,177
11,200,498,374
Media
—
0.4%
Charter
Communications,
Inc.
,
Class
A
(a)
(b)
....
1,142,571
267,178,803
Comcast
Corp.
,
Class
A
................
45,302,875
1,261,005,526
Fox
Corp.
,
Class
A,
NVS
(a)
...............
2,583,944
167,051,979
Fox
Corp.
,
Class
B
....................
1,823,129
106,488,965
Interpublic
Group
of
Cos.,
Inc.
(The)
........
4,501,545
115,509,645
News
Corp.
,
Class
A,
NVS
..............
4,626,656
122,606,384
News
Corp.
,
Class
B
(a)
.................
1,528,529
46,574,278
Omnicom
Group,
Inc.
..................
2,383,389
178,801,843
Paramount
Skydance
Corp.
,
Class
B,
NVS
(a)
..
3,817,101
58,745,184
Trade
Desk,
Inc.
(The)
,
Class
A
(a)
(b)
.........
5,482,297
275,649,893
2,599,612,500
Metals
&
Mining
—
0.4%
Freeport-McMoRan,
Inc.
................
17,661,932
736,502,564
Newmont
Corp.
......................
13,512,397
1,094,098,785
Nucor
Corp.
........................
2,823,586
423,679,079
Steel
Dynamics,
Inc.
...................
1,702,168
266,899,943
2,521,180,371
Multi-Utilities
—
0.6%
Ameren
Corp.
.......................
3,326,403
339,359,634
CenterPoint
Energy,
Inc.
................
8,031,109
307,109,608
CMS
Energy
Corp.
....................
3,682,219
270,827,207
Consolidated
Edison,
Inc.
...............
4,436,500
432,159,465
Dominion
Energy,
Inc.
..................
10,498,374
616,149,570
DTE
Energy
Co.
.....................
2,553,609
346,116,164
NiSource,
Inc.
.......................
5,792,477
243,921,207
Public
Service
Enterprise
Group,
Inc.
.......
6,139,348
494,585,875
Sempra
...........................
8,026,274
737,935,632
WEC
Energy
Group,
Inc.
................
3,959,380
442,381,527
4,230,545,889
Office
REITs
—
0.0%
BXP,
Inc.
..........................
1,813,236
129,084,271
Oil,
Gas
&
Consumable
Fuels
—
2.6%
APA
Corp.
.........................
4,397,296
99,598,754
Chevron
Corp.
.......................
23,674,567
3,733,952,632
ConocoPhillips
......................
15,363,649
1,365,213,850
Coterra
Energy,
Inc.
...................
9,388,782
222,138,582
Devon
Energy
Corp.
...................
7,808,972
253,713,500
Diamondback
Energy,
Inc.
...............
2,314,691
331,440,604
EOG
Resources,
Inc.
..................
6,716,441
710,868,116
EQT
Corp.
.........................
7,676,732
411,319,301
Expand
Energy
Corp.
..................
2,929,642
302,661,315
Exxon
Mobil
Corp.
....................
52,443,614
5,997,451,697
Kinder
Morgan,
Inc.
...................
24,054,375
629,984,081
Marathon
Petroleum
Corp.
..............
3,739,851
728,934,358
Occidental
Petroleum
Corp.
..............
8,840,243
364,218,012
ONEOK,
Inc.
........................
7,746,837
519,038,079
Phillips
66
..........................
4,971,263
676,787,745
Targa
Resources
Corp.
.................
2,647,148
407,766,678
Texas
Pacific
Land
Corp.
(a)
..............
237,527
224,078,221
Valero
Energy
Corp.
...................
3,821,433
647,962,180
Williams
Cos.,
Inc.
(The)
................
15,022,103
869,329,101
18,496,456,806
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Core
S&P
500
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Passenger
Airlines
—
0.1%
Delta
Air
Lines,
Inc.
(a)
..................
7,978,926
$
457,830,774
Southwest
Airlines
Co.
.................
6,462,714
195,820,234
United
Airlines
Holdings,
Inc.
(a)
(b)
...........
3,982,335
374,498,783
1,028,149,791
Personal
Care
Products
—
0.1%
Estee
Lauder
Cos.,
Inc.
(The)
,
Class
A
......
2,881,095
278,573,075
Kenvue,
Inc.
........................
23,607,116
339,234,257
617,807,332
Pharmaceuticals
—
2.9%
Bristol-Myers
Squibb
Co.
................
25,038,572
1,153,527,012
Eli
Lilly
&
Co.
.......................
9,779,852
8,438,643,097
Johnson
&
Johnson
...................
29,625,776
5,595,420,313
Merck
&
Co.,
Inc.
.....................
30,726,056
2,641,826,295
Pfizer,
Inc.
.........................
69,939,846
1,724,017,204
Viatris,
Inc.
.........................
14,327,331
148,431,149
Zoetis,
Inc.
,
Class
A
...................
5,451,741
785,541,360
20,487,406,430
Professional
Services
—
0.5%
Automatic
Data
Processing,
Inc.
...........
4,982,568
1,296,962,450
Broadridge
Financial
Solutions,
Inc.
........
1,440,988
317,593,755
Dayforce,
Inc.
(a)
(b)
.....................
1,963,001
134,936,689
Equifax,
Inc.
........................
1,523,096
321,525,566
Jacobs
Solutions,
Inc.
..................
1,470,518
229,121,410
Leidos
Holdings,
Inc.
..................
1,578,224
300,604,325
Paychex,
Inc.
.......................
3,988,333
466,754,611
Paycom
Software,
Inc.
(a)
................
616,239
115,292,154
Verisk
Analytics,
Inc.
...................
1,718,680
375,978,437
3,558,769,397
Real
Estate
Management
&
Development
—
0.1%
(a)(b)
CBRE
Group,
Inc.
,
Class
A
..............
3,605,483
549,583,773
CoStar
Group,
Inc.
....................
5,211,459
358,600,494
908,184,267
Residential
REITs
—
0.2%
AvalonBay
Communities,
Inc.
............
1,749,360
304,248,691
Camden
Property
Trust
.................
1,313,599
130,676,829
Equity
Residential
....................
4,275,384
254,128,825
Essex
Property
Trust,
Inc.
...............
791,785
199,347,709
Invitation
Homes,
Inc.
..................
6,938,890
195,329,754
Mid-America
Apartment
Communities,
Inc.
....
1,441,126
184,795,587
UDR,
Inc.
..........................
3,705,867
124,850,659
1,393,378,054
Retail
REITs
—
0.2%
Federal
Realty
Investment
Trust
...........
965,680
92,888,759
Kimco
Realty
Corp.
...................
8,334,318
172,187,010
Realty
Income
Corp.
...................
11,247,181
652,111,554
Regency
Centers
Corp.
................
2,008,321
138,473,733
Simon
Property
Group,
Inc.
..............
4,016,200
705,887,312
1,761,548,368
Semiconductors
&
Semiconductor
Equipment
—
15.0%
Advanced
Micro
Devices,
Inc.
(b)
...........
19,963,142
5,112,959,929
Analog
Devices,
Inc.
...................
6,104,511
1,429,249,160
Applied
Materials,
Inc.
.................
9,871,794
2,301,115,181
Broadcom,
Inc.
......................
57,858,955
21,386,405,537
First
Solar,
Inc.
(a)
(b)
....................
1,319,293
352,172,073
Intel
Corp.
(b)
........................
53,842,927
2,153,178,651
KLA
Corp.
..........................
1,623,296
1,962,142,807
Lam
Research
Corp.
..................
15,568,823
2,451,466,869
Microchip
Technology,
Inc.
...............
6,638,782
414,392,772
Micron
Technology,
Inc.
(a)
...............
13,766,727
3,080,580,501
Monolithic
Power
Systems,
Inc.
...........
589,135
592,080,675
Security
Shares
Shares
Value
Semiconductors
&
Semiconductor
Equipment
(continued)
NVIDIA
Corp.
.......................
300,152,483
$
60,777,876,283
NXP
Semiconductors
NV
...............
3,101,350
648,554,312
ON
Semiconductor
Corp.
(a)
(b)
.............
5,031,274
251,966,202
QUALCOMM,
Inc.
....................
13,267,281
2,400,051,133
Skyworks
Solutions,
Inc.
................
1,824,080
141,767,498
Teradyne,
Inc.
.......................
1,956,822
355,671,967
Texas
Instruments,
Inc.
.................
11,183,595
1,805,703,249
107,617,334,799
Software
—
11.1%
Adobe,
Inc.
(b)
........................
5,218,225
1,775,814,150
AppLovin
Corp.
,
Class
A
(a)
(b)
..............
3,330,212
2,122,444,014
Autodesk,
Inc.
(b)
......................
2,632,485
793,273,030
Cadence
Design
Systems,
Inc.
(a)
(b)
.........
3,351,990
1,135,285,493
Crowdstrike
Holdings,
Inc.
,
Class
A
(a)
(b)
......
3,066,082
1,664,913,187
Datadog,
Inc.
,
Class
A
(a)
(b)
...............
3,976,664
647,440,666
Fair
Isaac
Corp.
(a)
(b)
...................
295,281
490,027,678
Fortinet,
Inc.
(a)
(b)
......................
8,012,178
692,492,545
Gen
Digital,
Inc.
......................
6,896,415
181,789,499
Intuit,
Inc.
..........................
3,431,419
2,290,643,753
Microsoft
Corp.
......................
91,437,837
47,347,426,377
Oracle
Corp.
........................
20,385,907
5,353,543,037
Palantir
Technologies,
Inc.
,
Class
A
(b)
.......
27,976,450
5,608,438,932
Palo
Alto
Networks,
Inc.
(a)
(b)
..............
8,216,502
1,809,602,400
PTC,
Inc.
(a)
(b)
........................
1,473,613
292,571,125
Roper
Technologies,
Inc.
................
1,323,795
590,611,139
Salesforce,
Inc.
......................
11,760,073
3,062,440,610
ServiceNow,
Inc.
(b)
....................
2,558,677
2,352,140,593
Synopsys,
Inc.
(a)
(b)
....................
2,276,288
1,033,025,020
Tyler
Technologies,
Inc.
(a)
(b)
..............
532,180
253,456,047
Workday,
Inc.
,
Class
A
(a)
(b)
...............
2,657,088
637,488,553
80,134,867,848
Specialized
REITs
—
0.7%
American
Tower
Corp.
.................
5,760,111
1,030,944,667
Crown
Castle,
Inc.
....................
5,356,861
483,295,999
Digital
Realty
Trust,
Inc.
................
3,943,647
672,036,885
Equinix,
Inc.
........................
1,203,857
1,018,475,061
Extra
Space
Storage,
Inc.
...............
2,611,007
348,673,875
Iron
Mountain,
Inc.
....................
3,633,174
374,035,263
Public
Storage
.......................
1,942,475
541,095,836
SBA
Communications
Corp.
.............
1,320,997
252,944,506
VICI
Properties,
Inc.
...................
13,117,771
393,401,952
Weyerhaeuser
Co.
....................
8,877,627
204,185,421
5,319,089,465
Specialty
Retail
—
1.6%
AutoZone,
Inc.
(a)
(b)
....................
205,824
756,285,880
Best
Buy
Co.,
Inc.
....................
2,418,253
198,635,301
Home
Depot,
Inc.
(The)
................
12,238,939
4,645,778,855
Lowe's
Cos.,
Inc.
.....................
6,894,133
1,641,699,891
O'Reilly
Automotive,
Inc.
(a)
(b)
..............
10,437,643
985,731,005
Ross
Stores,
Inc.
.....................
4,023,409
639,400,158
TJX
Cos.,
Inc.
(The)
...................
13,723,562
1,923,219,979
Tractor
Supply
Co.
....................
6,519,115
352,749,313
Ulta
Beauty,
Inc.
(a)
(b)
...................
552,896
287,439,573
Williams-Sonoma,
Inc.
.................
1,513,039
294,043,999
11,724,983,954
Technology
Hardware,
Storage
&
Peripherals
—
7.3%
Apple,
Inc.
.........................
182,556,553
49,357,815,235
Dell
Technologies,
Inc.
,
Class
C
(a)
..........
3,729,751
604,256,959
Hewlett
Packard
Enterprise
Co.
...........
16,142,004
394,187,738
HP,
Inc.
...........................
11,554,308
319,707,702
NetApp,
Inc.
........................
2,461,484
289,913,586
Seagate
Technology
Holdings
plc
..........
2,616,210
669,435,815
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Core
S&P
500
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Technology
Hardware,
Storage
&
Peripherals
(continued)
Super
Micro
Computer,
Inc.
(a)
(b)
............
6,166,990
$
320,436,800
Western
Digital
Corp.
(a)
.................
4,267,602
641,036,496
52,596,790,331
Textiles,
Apparel
&
Luxury
Goods
—
0.2%
Deckers
Outdoor
Corp.
(b)
................
1,823,096
148,582,324
Lululemon
Athletica,
Inc.
(a)
(b)
..............
1,341,841
228,837,564
NIKE,
Inc.
,
Class
B
...................
14,614,178
943,929,757
Ralph
Lauren
Corp.
,
Class
A
.............
475,900
152,126,194
Tapestry,
Inc.
........................
2,560,202
281,161,384
1,754,637,223
Tobacco
—
0.5%
Altria
Group,
Inc.
.....................
20,664,896
1,165,086,836
Philip
Morris
International,
Inc.
............
19,148,117
2,763,647,727
3,928,734,563
Trading
Companies
&
Distributors
—
0.3%
Fastenal
Co.
........................
14,117,463
580,933,603
United
Rentals,
Inc.
...................
791,480
689,521,546
WW
Grainger,
Inc.
....................
541,325
529,957,175
1,800,412,324
Water
Utilities
—
0.0%
American
Water
Works
Co.,
Inc.
...........
2,399,977
308,229,046
Wireless
Telecommunication
Services
—
0.2%
T-Mobile
US,
Inc.
.....................
5,952,985
1,250,424,499
Total
Long-Term
Investments
—
99
.9
%
(Cost:
$
617,068,412,565
)
...........................
717,617,205,851
Security
Shares
Shares
Value
Short-Term
Securities
Money
Market
Funds
—
0.4%
(c)(d)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
4.27
%
(e)
...................
1,621,494,570
$
1,622,305,317
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
4.05
%
....................
1,360,754,519
1,360,754,519
Total
Short-Term
Securities
—
0
.4
%
(Cost:
$
2,982,151,151
)
............................
2,983,059,836
Total
Investments
—
100
.3
%
(Cost:
$
620,050,563,716
)
...........................
720,600,265,687
Liabilities
in
Excess
of
Other
Assets
—
(
0.3
)
%
.............
(
1,903,700,465
)
Net
Assets
—
100.0%
...............................
$
718,696,565,222
(a)
All
or
a
portion
of
this
security
is
on
loan.
(b)
Non-income
producing
security.
(c)
Affiliate
of
the
Fund.
(d)
Annualized
7-day
yield
as
of
period
end.
(e)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
S&P
500
E-Mini
Index
.......................................................
3,098
12/19/25
$
1,064,783
$
35,625,157
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Core
S&P
500
ETF
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments
at
the
measurement
date.
These
inputs
to
valuation
techniques
are
categorized
into
a
fair
value
hierarchy
consisting
of
three
broad
levels
for
financial
reporting
purposes
as
follows:
Level
1
—
Unadjusted
price
quotations
in
active
markets/exchanges
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
—
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
—
Inputs
that
are
unobservable
and
significant
to
the
entire
fair
value
measurement
for
the
asset
or
liability
(including
the
Valuation
Committee's
assumptions
used
in
determining
the
fair
value
of
financial
instruments).
The
hierarchy
gives
the
highest
priority
to
unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
(Level
1
measurements)
and
the
lowest
priority
to
unobservable
inputs
(Level
3
measurements).
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
fair
value
hierarchy
classification
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Investments
classified
within
Level
3
have
significant
unobservable
inputs
used
by
the
Valuation
Committee
in
determining
the
price
for
Fair
Valued
Investments.
Level
3
investments
include
equity
or
debt
issued
by
privately
held
companies
or
funds,
that
may
not have
a
secondary
market,
and/
or
may
have
a
limited
number
of
investors.
The
categorization
of
a
value
determined
for
financial
instruments
is
based
on
the
pricing
transparency
of
the
financial
instruments
and
is
not
necessarily
an
indication
of
the
risks
associated
with
investing
in
those
securities.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
The
following
table
summarizes
the
Fund’s
financial
instruments
categorized
in
the
fair
value
hierarchy.
The
breakdown
of
the
Fund's
financial
instruments
into
major
categories
is
disclosed
in
the
Schedule
of
Investments
above.
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
717,617,205,851
$
—
$
—
$
717,617,205,851
Short-Term
Securities
Money
Market
Funds
......................................
2,983,059,836
—
—
2,983,059,836
$
720,600,265,687
$
—
$
—
$
720,600,265,687
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
35,625,157
$
—
$
—
$
35,625,157
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Schedule
of
Investments
(unaudited)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Common
Stocks
Aerospace
&
Defense
—
2.1%
AAR
Corp.
(a)
(b)
.......................
851,787
$
71,728,983‌
AeroVironment,
Inc.
(a)
(b)
.................
762,246
281,962,418‌
AerSale
Corp.
(b)
......................
770,954
5,720,479‌
AIRO
Group
Holdings,
Inc.
(a)
(b)
............
176,454
2,886,787‌
Archer
Aviation,
Inc.
,
Class
A
(a)
(b)
...........
13,147,399
147,513,817‌
Astronics
Corp.
(a)
(b)
....................
725,264
35,668,484‌
Byrna
Technologies,
Inc.
(a)
(b)
..............
436,696
8,843,094‌
Cadre
Holdings,
Inc.
...................
674,537
28,640,841‌
Ducommun,
Inc.
(a)
(b)
...................
329,286
30,211,990‌
Eve
Holding,
Inc.
(a)
(b)
...................
1,218,645
5,313,292‌
Intuitive
Machines,
Inc.
,
Class
A
(a)
(b)
.........
2,607,331
31,105,459‌
Kratos
Defense
&
Security
Solutions,
Inc.
(b)
...
3,983,165
360,874,749‌
Mercury
Systems,
Inc.
(a)
(b)
...............
1,244,612
96,345,415‌
Moog,
Inc.
,
Class
A
...................
672,936
137,850,940‌
National
Presto
Industries,
Inc.
............
123,902
13,253,797‌
Park
Aerospace
Corp.
..................
423,421
8,112,746‌
Redwire
Corp.
(a)
(b)
.....................
1,192,516
9,385,101‌
Satellogic,
Inc.
,
Class
A
(a)
(b)
..............
1,656,103
3,163,157‌
V2X,
Inc.
(a)
(b)
........................
462,686
26,414,744‌
Voyager
Technologies,
Inc.
,
Class
A
(a)
(b)
......
320,661
9,805,813‌
VSE
Corp.
(a)
........................
526,749
95,173,009‌
1,409,975,115‌
Air
Freight
&
Logistics
—
0.1%
Forward
Air
Corp.
(a)
(b)
..................
503,550
9,471,776‌
Hub
Group,
Inc.
,
Class
A
................
1,438,145
52,966,880‌
Radiant
Logistics,
Inc.
(b)
................
789,245
4,774,932‌
67,213,588‌
Automobile
Components
—
1.3%
Adient
plc
(b)
.........................
2,022,061
46,891,595‌
American
Axle
&
Manufacturing
Holdings,
Inc.
(a)
(b)
2,786,658
17,277,280‌
Cooper-Standard
Holdings,
Inc.
(a)
(b)
.........
409,464
12,374,002‌
Dana,
Inc.
..........................
3,161,231
64,172,989‌
Dorman
Products,
Inc.
(a)
(b)
...............
658,433
88,315,618‌
Fox
Factory
Holding
Corp.
(b)
..............
1,003,813
22,194,306‌
Garrett
Motion,
Inc.
...................
3,211,516
54,403,081‌
Gentherm,
Inc.
(b)
.....................
725,643
26,703,662‌
Goodyear
Tire
&
Rubber
Co.
(The)
(a)
(b)
.......
6,245,526
43,031,674‌
Holley,
Inc.
(b)
........................
1,418,454
4,070,963‌
LCI
Industries
.......................
586,596
60,706,820‌
Luminar
Technologies,
Inc.
,
Class
A
(a)
(b)
......
1,082,142
1,255,285‌
Modine
Manufacturing
Co.
(a)
(b)
............
1,251,292
191,710,447‌
Motorcar
Parts
of
America,
Inc.
(a)
(b)
.........
329,273
5,617,397‌
Patrick
Industries,
Inc.
.................
778,815
81,284,922‌
Phinia,
Inc.
.........................
921,710
47,845,966‌
Solid
Power,
Inc.
,
Class
A
(a)
(b)
.............
3,655,097
22,954,009‌
Standard
Motor
Products,
Inc.
............
496,052
18,418,411‌
Strattec
Security
Corp.
(a)
(b)
...............
96,006
5,890,928‌
Visteon
Corp.
.......................
655,759
70,271,135‌
XPEL,
Inc.
(a)
(b)
(c)
......................
576,052
19,643,373‌
905,033,863‌
Automobiles
—
0.0%
Faraday
Future
Intelligent
Electric,
Inc.
(a)
(b)
....
2,137,779
2,950,135‌
Livewire
Group,
Inc.
(a)
(b)
.................
862,433
4,726,133‌
Winnebago
Industries,
Inc.
..............
652,040
24,588,428‌
32,264,696‌
Banks
—
9.3%
1st
Source
Corp.
.....................
447,136
26,577,764‌
ACNB
Corp.
........................
235,085
10,621,140‌
Amalgamated
Financial
Corp.
............
566,316
15,437,774‌
Amerant
Bancorp,
Inc.
,
Class
A
...........
878,288
14,728,890‌
Ameris
Bancorp
......................
1,584,368
113,472,436‌
Security
Shares
Shares
Value
Banks
(continued)
Ames
National
Corp.
..................
230,673
$
4,811,839‌
Arrow
Financial
Corp.
..................
418,696
11,677,431‌
Associated
Banc-Corp.
.................
4,009,426
99,313,482‌
Atlantic
Union
Bankshares
Corp.
..........
3,458,508
112,470,680‌
Axos
Financial,
Inc.
(a)
(b)
.................
1,299,811
101,359,262‌
Banc
of
California,
Inc.
.................
3,054,433
51,833,728‌
BancFirst
Corp.
......................
500,344
54,467,448‌
Bancorp,
Inc.
(The)
(a)
(b)
.................
1,100,680
71,951,452‌
Bank
First
Corp.
.....................
215,643
26,334,323‌
Bank
of
Hawaii
Corp.
..................
939,651
61,011,539‌
Bank
of
Marin
Bancorp
.................
367,812
9,471,159‌
Bank
of
NT
Butterfield
&
Son
Ltd.
(The)
......
1,011,392
46,786,994‌
Bank7
Corp.
........................
113,773
4,722,717‌
BankFinancial
Corp.
...................
142,594
1,575,664‌
BankUnited,
Inc.
.....................
1,842,703
73,855,536‌
Bankwell
Financial
Group,
Inc.
............
175,818
7,621,710‌
Banner
Corp.
.......................
814,145
49,166,217‌
Bar
Harbor
Bankshares
................
385,370
11,302,902‌
BayCom
Corp.
......................
285,164
7,773,571‌
BCB
Bancorp,
Inc.
....................
404,958
3,215,366‌
Beacon
Financial
Corp.
.................
1,991,000
48,460,940‌
Blue
Foundry
Bancorp
(a)
(b)
...............
496,865
4,094,168‌
Blue
Ridge
Bankshares,
Inc.
(b)
............
1,488,836
6,669,985‌
Bridgewater
Bancshares,
Inc.
(a)
(b)
..........
503,288
8,284,120‌
Burke
&
Herbert
Financial
Services
Corp.
....
316,266
18,615,417‌
Business
First
Bancshares,
Inc.
...........
669,746
16,422,172‌
BV
Financial,
Inc.
(b)
...................
165,592
2,699,150‌
Byline
Bancorp,
Inc.
...................
739,015
19,761,261‌
C&F
Financial
Corp.
...................
66,816
4,570,883‌
Cadence
Bank
......................
3,931,458
148,373,225‌
California
Bancorp
(a)
(b)
..................
527,734
9,757,802‌
Camden
National
Corp.
................
393,721
15,020,456‌
Capital
Bancorp,
Inc.
..................
282,680
7,857,091‌
Capital
City
Bank
Group,
Inc.
.............
353,938
13,768,188‌
Capitol
Federal
Financial,
Inc.
............
2,917,452
17,621,410‌
Carter
Bankshares,
Inc.
(a)
(b)
..............
575,565
9,830,650‌
Cathay
General
Bancorp
................
1,612,247
73,276,626‌
CB
Financial
Services,
Inc.
..............
79,444
2,571,602‌
Central
Pacific
Financial
Corp.
............
589,982
16,820,387‌
CF
Bankshares,
Inc.
...................
71,852
1,666,966‌
Chain
Bridge
Bancorp,
Inc.
,
Class
A
(b)
.......
39,536
1,171,847‌
Chemung
Financial
Corp.
...............
89,293
4,524,476‌
ChoiceOne
Financial
Services,
Inc.
.........
329,553
9,438,398‌
Citizens
&
Northern
Corp.
...............
381,477
7,385,395‌
Citizens
Community
Bancorp,
Inc.
.........
144,349
2,259,062‌
Citizens
Financial
Services,
Inc.
...........
113,100
6,196,749‌
City
Holding
Co.
.....................
331,332
39,057,416‌
Civista
Bancshares,
Inc.
................
450,841
9,706,607‌
CNB
Financial
Corp.
...................
683,701
16,819,045‌
Coastal
Financial
Corp.
(a)
(b)
..............
308,782
32,885,283‌
CoastalSouth
Bancshares,
Inc.
(a)
(b)
.........
47,363
1,007,885‌
Colony
Bankcorp,
Inc.
.................
452,217
7,230,950‌
Columbia
Financial,
Inc.
(a)
(b)
..............
649,952
9,586,792‌
Community
Financial
System,
Inc.
.........
1,262,303
70,032,570‌
Community
Trust
Bancorp,
Inc.
...........
378,905
19,398,041‌
Community
West
Bancshares
............
415,394
8,798,045‌
ConnectOne
Bancorp,
Inc.
..............
1,141,504
27,464,586‌
Customers
Bancorp,
Inc.
(a)
(b)
.............
713,035
47,858,909‌
CVB
Financial
Corp.
...................
3,183,872
58,487,729‌
Dime
Community
Bancshares,
Inc.
.........
959,431
25,185,064‌
Eagle
Bancorp
Montana,
Inc.
.............
124,808
2,025,634‌
Eagle
Bancorp,
Inc.
...................
672,892
11,270,941‌
Eagle
Financial
Services,
Inc.
............
77,274
2,798,092‌
Eastern
Bankshares,
Inc.
...............
4,703,719
82,456,194‌
ECB
Bancorp,
Inc.
(a)
(b)
..................
86,555
1,387,477‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Banks
(continued)
Enterprise
Financial
Services
Corp.
........
877,472
$
45,953,209‌
Equity
Bancshares,
Inc.
,
Class
A
..........
367,697
14,895,405‌
Esquire
Financial
Holdings,
Inc.
(a)
..........
172,432
16,174,122‌
Farmers
&
Merchants
Bancorp,
Inc.
........
330,337
7,895,054‌
Farmers
National
Banc
Corp.
.............
900,634
11,690,229‌
FB
Bancorp,
Inc.
(a)
(b)
...................
400,977
4,859,841‌
FB
Financial
Corp.
....................
1,006,651
54,369,220‌
Fidelity
D&D
Bancorp,
Inc.
...............
119,287
5,210,456‌
Financial
Institutions,
Inc.
...............
462,126
13,138,242‌
Finward
Bancorp
(a)
....................
54,311
1,909,032‌
Finwise
Bancorp
(a)
(b)
...................
147,084
2,822,542‌
First
Bancorp
.......................
4,880,152
123,264,833‌
First
Bancorp,
Inc.
(The)
................
278,992
6,916,212‌
First
Bank
..........................
532,379
8,315,760‌
First
Busey
Corp.
.....................
2,024,775
45,273,969‌
First
Business
Financial
Services,
Inc.
.......
196,595
9,949,673‌
First
Capital,
Inc.
.....................
57,021
2,454,754‌
First
Commonwealth
Financial
Corp.
........
2,458,383
37,588,676‌
First
Community
Bankshares,
Inc.
.........
384,995
12,450,738‌
First
Community
Corp.
.................
125,018
3,351,733‌
First
Financial
Bancorp
.................
2,292,366
53,664,288‌
First
Financial
Bankshares,
Inc.
...........
3,209,112
99,129,470‌
First
Financial
Corp.
...................
280,977
14,981,694‌
First
Foundation,
Inc.
(a)
(b)
................
1,501,983
8,170,787‌
First
Internet
Bancorp
..................
198,199
3,516,050‌
First
Interstate
BancSystem,
Inc.
,
Class
A
....
2,134,466
66,702,062‌
First
Merchants
Corp.
..................
1,395,345
49,506,841‌
First
Mid
Bancshares,
Inc.
...............
538,092
19,226,027‌
First
National
Corp.
(a)
..................
133,946
3,016,464‌
First
Savings
Financial
Group,
Inc.
.........
91,402
2,705,499‌
First
United
Corp.
....................
123,127
4,251,575‌
First
Western
Financial,
Inc.
(a)
(b)
...........
200,280
4,624,465‌
Firstsun
Capital
Bancorp
(a)
(b)
..............
303,824
10,342,169‌
Five
Star
Bancorp
....................
421,771
14,977,088‌
Flagstar
Bank
NA
(a)
...................
7,250,912
82,805,415‌
Flushing
Financial
Corp.
................
751,483
10,272,773‌
Franklin
Financial
Services
Corp.
..........
87,736
3,974,441‌
FS
Bancorp,
Inc.
.....................
175,167
6,777,211‌
Fulton
Financial
Corp.
..................
4,456,049
77,401,571‌
FVCBankcorp,
Inc.
....................
374,409
4,575,278‌
GBank
Financial
Holdings,
Inc.
(a)
(b)
.........
213,211
7,733,163‌
German
American
Bancorp,
Inc.
...........
846,883
32,638,871‌
Glacier
Bancorp,
Inc.
..................
3,064,554
125,187,031‌
Great
Southern
Bancorp,
Inc.
.............
209,808
11,686,306‌
Greene
County
Bancorp,
Inc.
.............
173,607
3,810,674‌
Hancock
Whitney
Corp.
................
2,073,208
118,400,909‌
Hanmi
Financial
Corp.
.................
749,067
19,775,369‌
Hanover
Bancorp,
Inc.
(a)
................
75,376
1,561,037‌
HarborOne
Bancorp,
Inc.
...............
947,820
11,468,622‌
Hawthorn
Bancshares,
Inc.
..............
94,587
2,857,473‌
HBT
Financial,
Inc.
....................
343,511
8,378,233‌
Heritage
Commerce
Corp.
...............
1,440,904
14,985,402‌
Heritage
Financial
Corp.
................
807,613
17,920,932‌
Hilltop
Holdings,
Inc.
...................
1,086,579
35,096,502‌
Hingham
Institution
for
Savings
(The)
(a)
......
38,320
11,276,043‌
Home
Bancorp,
Inc.
...................
171,164
9,097,367‌
Home
BancShares,
Inc.
................
4,571,868
122,114,594‌
HomeTrust
Bancshares,
Inc.
.............
390,922
15,367,144‌
Hope
Bancorp,
Inc.
...................
2,938,283
30,822,589‌
Horizon
Bancorp,
Inc.
..................
1,072,611
16,732,732‌
Independent
Bank
Corp.
................
1,709,427
95,036,938‌
International
Bancshares
Corp.
...........
1,320,273
87,639,722‌
Investar
Holding
Corp.
.................
248,089
5,894,595‌
John
Marshall
Bancorp,
Inc.
.............
292,988
5,596,071‌
Kearny
Financial
Corp.
.................
1,314,387
8,398,933‌
Security
Shares
Shares
Value
Banks
(continued)
Lakeland
Financial
Corp.
................
594,032
$
33,889,526‌
Landmark
Bancorp,
Inc.
................
74,878
1,923,616‌
LCNB
Corp.
........................
309,860
4,759,450‌
LINKBANCORP,
Inc.
..................
449,245
3,158,192‌
Live
Oak
Bancshares,
Inc.
...............
848,075
26,409,055‌
MainStreet
Bancshares,
Inc.
.............
130,195
2,415,117‌
Mechanics
Bancorp
(b)
..................
452,876
6,064,010‌
Mercantile
Bank
Corp.
.................
384,897
16,877,733‌
Meridian
Corp.
......................
201,464
2,878,921‌
Metrocity
Bankshares,
Inc.
..............
484,681
12,412,680‌
Metropolitan
Bank
Holding
Corp.
..........
228,893
15,168,739‌
Mid
Penn
Bancorp,
Inc.
.................
469,129
13,346,720‌
Middlefield
Banc
Corp.
.................
177,880
5,798,888‌
Midland
States
Bancorp,
Inc.
.............
484,872
7,098,526‌
MidWestOne
Financial
Group,
Inc.
.........
415,192
15,357,952‌
MVB
Financial
Corp.
..................
291,127
7,447,029‌
National
Bank
Holdings
Corp.
,
Class
A
......
968,621
34,541,025‌
National
Bankshares,
Inc.
...............
147,328
4,218,001‌
NB
Bancorp,
Inc.
(a)
....................
840,579
15,189,263‌
NBT
Bancorp,
Inc.
....................
1,216,951
49,250,007‌
Nicolet
Bankshares,
Inc.
................
323,366
38,202,459‌
Northeast
Bank
(a)
.....................
184,095
15,883,717‌
Northeast
Community
Bancorp,
Inc.
........
327,906
6,440,074‌
Northfield
Bancorp,
Inc.
................
921,030
9,412,927‌
Northpointe
Bancshares,
Inc.
(a)
............
249,234
3,950,359‌
Northrim
Bancorp,
Inc.
.................
524,462
11,527,675‌
Northwest
Bancshares,
Inc.
..............
3,417,938
40,024,054‌
Norwood
Financial
Corp.
................
182,430
4,854,462‌
Oak
Valley
Bancorp
...................
170,836
4,660,406‌
OceanFirst
Financial
Corp.
..............
1,392,682
25,318,959‌
OFG
Bancorp
.......................
1,096,294
42,382,726‌
Ohio
Valley
Banc
Corp.
.................
71,757
2,511,495‌
Old
National
Bancorp
..................
8,397,687
171,564,745‌
Old
Second
Bancorp,
Inc.
...............
1,166,561
20,939,770‌
OP
Bancorp
........................
247,085
3,298,585‌
Orange
County
Bancorp,
Inc.
.............
303,796
7,427,812‌
Origin
Bancorp,
Inc.
...................
711,285
24,653,138‌
Orrstown
Financial
Services,
Inc.
..........
434,262
14,452,239‌
Park
National
Corp.
...................
353,688
53,827,777‌
Parke
Bancorp,
Inc.
...................
301,001
6,504,632‌
Pathward
Financial,
Inc.
................
605,236
41,192,362‌
Patriot
National
Bancorp,
Inc.
(a)
(b)
..........
1,106,023
1,316,167‌
PCB
Bancorp
.......................
303,769
6,400,413‌
Peapack-Gladstone
Financial
Corp.
........
393,438
9,953,981‌
Peoples
Bancorp
of
North
Carolina,
Inc.
.....
119,958
3,530,364‌
Peoples
Bancorp,
Inc.
.................
839,264
24,002,950‌
Peoples
Financial
Services
Corp.
..........
220,594
9,825,257‌
Pioneer
Bancorp,
Inc.
(a)
(b)
................
267,138
3,510,193‌
Plumas
Bancorp
.....................
144,504
5,930,444‌
Ponce
Financial
Group,
Inc.
(a)
(b)
...........
458,771
6,473,259‌
Preferred
Bank
......................
185,051
16,700,853‌
Primis
Financial
Corp.
..................
528,513
5,752,864‌
Princeton
Bancorp,
Inc.
.................
133,040
4,134,883‌
Provident
Bancorp,
Inc.
(b)
...............
371,321
4,734,343‌
Provident
Financial
Services,
Inc.
..........
2,976,427
54,438,850‌
QCR
Holdings,
Inc.
...................
398,132
29,617,039‌
RBB
Bancorp
.......................
449,882
8,381,302‌
Red
River
Bancshares,
Inc.
..............
108,250
7,150,995‌
Renasant
Corp.
......................
2,252,492
75,751,306‌
Republic
Bancorp,
Inc.
,
Class
A
...........
209,448
13,802,623‌
Rhinebeck
Bancorp,
Inc.
(a)
(b)
..............
49,133
490,839‌
Richmond
Mutual
Bancorp,
Inc.
(a)
..........
129,884
1,731,354‌
Riverview
Bancorp,
Inc.
................
342,716
1,775,269‌
S&T
Bancorp,
Inc.
....................
904,667
33,146,999‌
SB
Financial
Group,
Inc.
................
111,782
2,186,456‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Banks
(continued)
Seacoast
Banking
Corp.
of
Florida
.........
2,031,671
$
61,559,631‌
ServisFirst
Bancshares,
Inc.
.............
1,231,901
86,565,683‌
Shore
Bancshares,
Inc.
.................
743,974
11,613,434‌
Sierra
Bancorp
......................
338,425
9,739,871‌
Simmons
First
National
Corp.
,
Class
A
......
3,404,438
59,169,132‌
SmartFinancial,
Inc.
...................
360,709
12,613,994‌
Sound
Financial
Bancorp,
Inc.
............
31,923
1,425,043‌
South
Plains
Financial,
Inc.
..............
316,839
11,564,623‌
Southern
First
Bancshares,
Inc.
(b)
..........
192,575
8,442,488‌
Southern
Missouri
Bancorp,
Inc.
...........
242,456
12,714,393‌
Southside
Bancshares,
Inc.
..............
703,437
19,780,648‌
SR
Bancorp,
Inc.
(a)
....................
147,183
2,166,534‌
Stellar
Bancorp,
Inc.
...................
1,124,295
33,088,002‌
Sterling
Bancorp,
Inc.
(a)
(b)
(d)
...............
580,763
6‌
Stock
Yards
Bancorp,
Inc.
...............
627,026
40,769,230‌
Texas
Capital
Bancshares,
Inc.
(b)
..........
1,089,532
91,346,363‌
Third
Coast
Bancshares,
Inc.
(a)
(b)
...........
317,719
11,676,173‌
Timberland
Bancorp,
Inc.
...............
190,457
6,117,479‌
Tompkins
Financial
Corp.
...............
322,753
20,481,905‌
Towne
Bank
........................
1,737,713
56,493,050‌
TriCo
Bancshares
....................
743,738
32,895,532‌
Triumph
Financial,
Inc.
(a)
(b)
...............
540,816
29,452,839‌
TrustCo
Bank
Corp.
...................
444,545
16,763,792‌
Trustmark
Corp.
.....................
1,382,487
51,456,166‌
UMB
Financial
Corp.
..................
1,743,547
186,350,303‌
Union
Bankshares,
Inc.
.................
57,148
1,304,117‌
United
Bankshares,
Inc.
................
3,389,653
121,315,681‌
United
Community
Banks,
Inc.
............
2,909,825
84,966,890‌
United
Security
Bancshares
..............
115,759
1,060,931‌
Unity
Bancorp,
Inc.
....................
187,293
8,504,975‌
Univest
Financial
Corp.
.................
692,500
20,331,800‌
USCB
Financial
Holdings,
Inc.
,
Class
A
......
250,320
4,320,523‌
Valley
National
Bancorp
................
11,686,420
127,031,385‌
Virginia
National
Bankshares
Corp.
.........
114,371
4,549,678‌
WaFd,
Inc.
.........................
1,895,381
55,022,910‌
Washington
Trust
Bancorp,
Inc.
...........
442,390
12,050,704‌
WesBanco,
Inc.
......................
2,243,764
67,537,296‌
West
Bancorp,
Inc.
....................
417,915
8,889,052‌
Westamerica
Bancorp
.................
592,060
28,211,659‌
Western
New
England
Bancorp,
Inc.
........
366,245
4,164,206‌
WSFS
Financial
Corp.
.................
1,368,882
71,305,063‌
6,383,505,840‌
Beverages
—
0.1%
MGP
Ingredients,
Inc.
..................
343,908
8,322,574‌
National
Beverage
Corp.
(b)
...............
567,614
19,452,132‌
Vita
Coco
Co.,
Inc.
(The)
(a)
(b)
.............
1,053,242
43,372,505‌
Zevia
PBC
,
Class
A
(a)
(b)
.................
780,283
1,841,468‌
72,988,679‌
Biotechnology
—
8.3%
4D
Molecular
Therapeutics,
Inc.
(a)
(b)
.........
954,377
10,975,335‌
Abeona
Therapeutics,
Inc.
(a)
(b)
............
1,054,880
5,073,973‌
Absci
Corp.
(a)
(b)
......................
3,130,064
13,396,674‌
ACADIA
Pharmaceuticals,
Inc.
(b)
...........
2,978,755
67,617,738‌
Actuate
Therapeutics,
Inc.
(a)
(b)
.............
115,767
771,008‌
ADC
Therapeutics
SA
(a)
(b)
...............
1,719,397
7,668,511‌
ADMA
Biologics,
Inc.
(a)
(b)
................
5,533,822
85,663,565‌
Agios
Pharmaceuticals,
Inc.
(a)
(b)
...........
1,346,346
58,216,001‌
Akebia
Therapeutics,
Inc.
(a)
(b)
.............
6,000,858
13,261,896‌
Akero
Therapeutics,
Inc.
(a)
(b)
..............
1,668,662
90,441,480‌
Aldeyra
Therapeutics,
Inc.
(a)
(b)
.............
1,323,259
6,708,923‌
Alector,
Inc.
(b)
.......................
1,695,748
2,492,750‌
Alkermes
plc
(a)
(b)
......................
3,874,134
118,935,914‌
Allogene
Therapeutics,
Inc.
(a)
(b)
............
3,542,728
4,392,983‌
Security
Shares
Shares
Value
Biotechnology
(continued)
Altimmune,
Inc.
(a)
(b)
....................
1,966,978
$
7,966,261‌
Amicus
Therapeutics,
Inc.
(a)
(b)
.............
6,632,463
59,891,141‌
AnaptysBio,
Inc.
(a)
(b)
...................
466,578
17,067,423‌
Anavex
Life
Sciences
Corp.
(a)
(b)
...........
2,000,617
15,944,917‌
Anika
Therapeutics,
Inc.
(b)
...............
301,799
2,942,540‌
Annexon,
Inc.
(a)
(b)
.....................
2,282,099
7,211,433‌
Apogee
Therapeutics,
Inc.
(a)
(b)
............
779,947
44,137,201‌
Arbutus
Biopharma
Corp.
(a)
(b)
.............
3,590,526
16,983,188‌
Arcellx,
Inc.
(a)
(b)
......................
815,060
73,559,165‌
Arcturus
Therapeutics
Holdings,
Inc.
(a)
(b)
......
601,319
5,995,150‌
Arcus
Biosciences,
Inc.
(a)
(b)
..............
1,640,547
32,351,587‌
Arcutis
Biotherapeutics,
Inc.
(a)
(b)
...........
2,554,026
64,642,398‌
Ardelyx,
Inc.
(b)
.......................
5,652,897
34,256,556‌
ArriVent
Biopharma,
Inc.
(a)
(b)
..............
587,135
10,997,039‌
Arrowhead
Pharmaceuticals,
Inc.
(b)
.........
2,877,246
121,966,458‌
ARS
Pharmaceuticals,
Inc.
(a)
(b)
............
1,418,885
12,713,210‌
Astria
Therapeutics,
Inc.
(a)
(b)
..............
891,112
11,254,745‌
aTyr
Pharma,
Inc.
(a)
(b)
..................
2,080,623
1,801,820‌
Aura
Biosciences,
Inc.
(a)
(b)
...............
1,000,695
6,134,260‌
Aurinia
Pharmaceuticals,
Inc.
(a)
(b)
..........
2,772,854
36,518,487‌
Avidity
Biosciences,
Inc.
(a)
(b)
..............
2,432,348
169,899,508‌
Avita
Medical,
Inc.
(a)
(b)
..................
333,217
1,289,550‌
Beam
Therapeutics,
Inc.
(a)
(b)
..............
2,277,228
56,953,472‌
Benitec
Biopharma,
Inc.
(a)
(b)
..............
342,630
5,605,427‌
Bicara
Therapeutics,
Inc.
(a)
(b)
.............
821,062
13,342,258‌
BioCryst
Pharmaceuticals,
Inc.
(b)
...........
4,992,498
36,545,085‌
Biohaven
Ltd.
(a)
(b)
.....................
2,157,882
37,115,570‌
Bridgebio
Pharma,
Inc.
(a)
(b)
...............
3,731,477
233,739,719‌
Bright
Minds
Biosciences,
Inc.
(b)
...........
110,102
6,028,084‌
Candel
Therapeutics,
Inc.
(a)
(b)
.............
1,025,919
5,519,444‌
Capricor
Therapeutics,
Inc.
(a)
(b)
............
918,518
5,979,552‌
Cardiff
Oncology,
Inc.
(a)
(b)
................
1,478,658
3,474,846‌
CareDx,
Inc.
(a)
(b)
......................
1,303,759
19,556,385‌
Cartesian
Therapeutics,
Inc.
(a)
(b)
...........
237,252
1,938,349‌
Catalyst
Pharmaceuticals,
Inc.
(a)
(b)
..........
2,767,070
58,855,579‌
Celcuity,
Inc.
(a)
(b)
......................
704,313
54,344,791‌
Celldex
Therapeutics,
Inc.
(a)
(b)
.............
1,550,959
41,457,134‌
CG
oncology,
Inc.
(a)
(b)
..................
1,335,477
57,786,090‌
Cidara
Therapeutics,
Inc.
(a)
(b)
.............
368,838
40,291,863‌
Cogent
Biosciences,
Inc.
(a)
(b)
.............
3,109,183
50,679,683‌
Coherus
Oncology,
Inc.
(a)
(b)
..............
2,555,108
4,292,581‌
Compass
Therapeutics,
Inc.
(a)
(b)
...........
2,403,471
8,988,982‌
Corvus
Pharmaceuticals,
Inc.
(a)
(b)
..........
1,424,361
11,451,862‌
CRISPR
Therapeutics
AG
(a)
(b)
.............
1,974,564
126,352,350‌
Cullinan
Therapeutics,
Inc.
(a)
(b)
............
1,231,126
10,661,551‌
Cytokinetics,
Inc.
(a)
(b)
...................
2,786,019
177,162,948‌
Day
One
Biopharmaceuticals,
Inc.
(a)
(b)
.......
1,715,212
12,761,177‌
Denali
Therapeutics,
Inc.
(a)
(b)
.............
3,158,528
51,420,836‌
Design
Therapeutics,
Inc.
(a)
(b)
.............
616,948
4,133,552‌
DiaMedica
Therapeutics,
Inc.
(a)
(b)
..........
723,326
5,106,682‌
Dianthus
Therapeutics,
Inc.
(a)
(b)
............
391,926
13,709,571‌
Disc
Medicine,
Inc.
(a)
(b)
.................
552,750
47,658,105‌
Dynavax
Technologies
Corp.
(b)
............
2,455,416
25,192,568‌
Dyne
Therapeutics,
Inc.
(a)
(b)
..............
2,608,240
58,894,059‌
Editas
Medicine,
Inc.
(a)
(b)
................
2,046,228
6,302,382‌
Eledon
Pharmaceuticals,
Inc.
(a)
(b)
..........
1,367,673
5,908,347‌
Emergent
BioSolutions,
Inc.
(a)
(b)
...........
1,293,286
16,140,209‌
Enanta
Pharmaceuticals,
Inc.
(b)
...........
470,535
5,157,064‌
Entrada
Therapeutics,
Inc.
(b)
.............
653,947
4,544,932‌
Erasca,
Inc.
(a)
(b)
......................
4,181,269
10,118,671‌
Fate
Therapeutics,
Inc.
(b)
................
2,567,858
3,466,608‌
Fennec
Pharmaceuticals,
Inc.
(a)
(b)
..........
533,570
4,375,274‌
Foghorn
Therapeutics,
Inc.
(b)
.............
760,706
3,354,713‌
Geron
Corp.
(a)
(b)
......................
12,998,887
16,378,598‌
Gossamer
Bio,
Inc.
(a)
(b)
.................
4,622,729
11,325,686‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Biotechnology
(continued)
GRAIL,
Inc.
(a)
(b)
......................
743,468
$
68,347,013‌
Greenwich
Lifesciences,
Inc.
(a)
(b)
...........
153,491
1,413,652‌
Gyre
Therapeutics,
Inc.
(a)
(b)
..............
238,383
1,847,468‌
Heron
Therapeutics,
Inc.
(a)
(b)
..............
3,725,284
4,321,329‌
Humacyte,
Inc.
(a)
(b)
....................
2,957,465
4,938,967‌
Ideaya
Biosciences,
Inc.
(a)
(b)
..............
1,906,899
60,753,802‌
ImmunityBio,
Inc.
(a)
(b)
...................
5,438,003
13,051,207‌
Immunome,
Inc.
(a)
(b)
...................
1,830,860
29,421,920‌
Immunovant,
Inc.
(a)
(b)
...................
1,616,857
39,904,031‌
Inhibikase
Therapeutics,
Inc.
(a)
(b)
...........
1,065,346
1,566,059‌
Inhibrx
Biosciences,
Inc.
(a)
(b)
..............
222,185
18,143,627‌
Inmune
Bio,
Inc.
(a)
(b)
...................
402,378
736,352‌
Intellia
Therapeutics,
Inc.
(a)
(b)
.............
2,357,113
29,746,766‌
Iovance
Biotherapeutics,
Inc.
(a)
(b)
...........
6,231,550
12,276,153‌
Ironwood
Pharmaceuticals,
Inc.
,
Class
A
(a)
(b)
...
3,735,847
7,172,826‌
Jade
Biosciences,
Inc.
(a)
................
782,960
7,673,008‌
Janux
Therapeutics,
Inc.
(a)
(b)
..............
936,072
26,874,627‌
KalVista
Pharmaceuticals,
Inc.
(a)
(b)
..........
891,718
9,728,643‌
Keros
Therapeutics,
Inc.
(a)
(b)
..............
799,603
12,169,958‌
Kodiak
Sciences,
Inc.
(a)
(b)
................
783,129
14,194,213‌
Korro
Bio,
Inc.
(a)
(b)
.....................
154,871
6,335,773‌
Krystal
Biotech,
Inc.
(a)
(b)
.................
591,013
116,730,978‌
Kura
Oncology,
Inc.
(a)
(b)
.................
1,923,368
19,752,989‌
Kymera
Therapeutics,
Inc.
(a)
(b)
............
1,203,694
74,436,437‌
Larimar
Therapeutics,
Inc.
(a)
(b)
.............
1,118,076
4,349,316‌
Lexeo
Therapeutics,
Inc.
(a)
(b)
..............
587,950
5,885,380‌
Madrigal
Pharmaceuticals,
Inc.
(a)
(b)
.........
443,864
185,934,630‌
MannKind
Corp.
(a)
(b)
...................
7,230,745
40,419,865‌
MeiraGTx
Holdings
plc
(a)
(b)
...............
1,015,424
9,220,050‌
Metsera,
Inc.
(a)
(b)
.....................
1,274,983
80,374,928‌
MiMedx
Group,
Inc.
(a)
(b)
.................
2,833,794
21,678,524‌
Mineralys
Therapeutics,
Inc.
(a)
(b)
...........
934,168
38,170,104‌
Mirum
Pharmaceuticals,
Inc.
(a)
(b)
...........
962,681
69,938,775‌
Monopar
Therapeutics,
Inc.
(a)
(b)
............
87,396
7,530,039‌
Monte
Rosa
Therapeutics,
Inc.
(a)
(b)
.........
1,112,967
14,301,626‌
Myriad
Genetics,
Inc.
(b)
.................
2,164,781
17,404,839‌
Neurogene,
Inc.
(a)
(b)
...................
238,511
8,171,387‌
Nkarta,
Inc.
(a)
(b)
......................
1,065,327
2,247,840‌
Novavax,
Inc.
(a)
(b)
.....................
3,587,832
30,137,789‌
Nurix
Therapeutics,
Inc.
(a)
(b)
..............
1,798,367
23,270,869‌
Nuvalent,
Inc.
,
Class
A
(a)
(b)
...............
1,024,700
101,773,204‌
Nuvectis
Pharma,
Inc.
(a)
(b)
...............
297,915
1,999,010‌
Olema
Pharmaceuticals,
Inc.
(a)
(b)
...........
1,430,598
12,832,464‌
Organogenesis
Holdings,
Inc.
,
Class
A
(a)
(b)
....
1,635,015
6,948,814‌
ORIC
Pharmaceuticals,
Inc.
(a)
(b)
...........
1,385,915
18,238,641‌
Oruka
Therapeutics,
Inc.
(a)
(b)
..............
652,087
18,369,291‌
Palvella
Therapeutics,
Inc.
(b)
.............
166,541
13,296,633‌
PDL
BioPharma,
Inc.
(b)
(d)
................
11,853
—‌
Perspective
Therapeutics,
Inc.
(a)
(b)
..........
1,447,545
3,951,798‌
Praxis
Precision
Medicines,
Inc.
(a)
(b)
.........
492,864
97,961,649‌
Precigen,
Inc.
(a)
(b)
.....................
3,582,830
14,832,916‌
Prime
Medicine,
Inc.
(a)
(b)
................
1,804,354
8,913,509‌
Protagonist
Therapeutics,
Inc.
(a)
(b)
..........
1,388,918
109,196,733‌
Protalix
BioTherapeutics,
Inc.
(a)
(b)
..........
1,617,175
3,832,705‌
Protara
Therapeutics,
Inc.
(a)
(b)
.............
764,810
3,961,716‌
Prothena
Corp.
plc
(a)
(b)
..................
968,653
10,413,020‌
PTC
Therapeutics,
Inc.
(a)
(b)
...............
1,853,894
126,639,499‌
Puma
Biotechnology,
Inc.
(a)
(b)
.............
1,045,709
5,333,116‌
Recursion
Pharmaceuticals,
Inc.
,
Class
A
(a)
(b)
..
8,765,491
48,385,510‌
REGENXBIO,
Inc.
(a)
(b)
..................
1,113,774
14,222,894‌
Relay
Therapeutics,
Inc.
(a)
(b)
..............
3,169,092
22,627,317‌
Replimune
Group,
Inc.
(a)
(b)
...............
1,661,651
16,167,864‌
Rezolute,
Inc.
(a)
(b)
.....................
1,851,309
17,254,200‌
Rhythm
Pharmaceuticals,
Inc.
(b)
...........
1,246,383
141,788,530‌
Rigel
Pharmaceuticals,
Inc.
(a)
(b)
............
422,942
13,356,508‌
Security
Shares
Shares
Value
Biotechnology
(continued)
Rocket
Pharmaceuticals,
Inc.
(a)
(b)
..........
1,995,030
$
7,521,263‌
Sana
Biotechnology,
Inc.
(a)
(b)
.............
3,174,331
15,712,938‌
Savara,
Inc.
(a)
(b)
......................
2,765,645
11,477,427‌
Scholar
Rock
Holding
Corp.
(a)
(b)
...........
1,936,906
57,371,156‌
SELLAS
Life
Sciences
Group,
Inc.
(a)
(b)
.......
2,429,164
4,421,078‌
Sionna
Therapeutics,
Inc.
(a)
(b)
.............
294,023
11,234,619‌
Soleno
Therapeutics,
Inc.
(a)
(b)
.............
993,802
66,743,742‌
Solid
Biosciences,
Inc.
(a)
(b)
...............
1,418,165
7,643,909‌
Spyre
Therapeutics,
Inc.
(a)
(b)
..............
1,188,476
29,070,123‌
Stoke
Therapeutics,
Inc.
(a)
(b)
..............
1,076,143
32,327,336‌
Syndax
Pharmaceuticals,
Inc.
(a)
(b)
..........
2,038,927
27,933,300‌
Tango
Therapeutics,
Inc.
(a)
(b)
..............
1,711,416
13,879,584‌
Taysha
Gene
Therapies,
Inc.
(a)
(b)
...........
5,089,736
25,245,091‌
Tectonic
Therapeutic,
Inc.
(a)
(b)
.............
260,167
4,748,048‌
Tevogen
Bio
Holdings,
Inc.
(a)
(b)
............
479,906
301,573‌
TG
Therapeutics,
Inc.
(a)
(b)
................
3,464,617
120,499,379‌
Tonix
Pharmaceuticals
Holding
Corp.
(a)
(b)
.....
209,275
3,896,701‌
Travere
Therapeutics,
Inc.
(a)
(b)
............
2,102,031
73,907,410‌
TriSalus
Life
Sciences,
Inc.
(a)
(b)
............
304,749
1,444,510‌
TuHURA
Biosciences,
Inc.
(a)
(b)
............
523,009
1,333,673‌
Twist
Bioscience
Corp.
(a)
(b)
...............
1,410,623
46,395,390‌
Tyra
Biosciences,
Inc.
(a)
(b)
...............
582,313
9,223,838‌
Upstream
Bio,
Inc.
(a)
(b)
..................
781,808
20,209,737‌
UroGen
Pharma
Ltd.
(a)
(b)
................
878,661
17,986,191‌
Vanda
Pharmaceuticals,
Inc.
(a)
(b)
...........
1,317,183
5,729,746‌
Vaxcyte,
Inc.
(a)
(b)
......................
2,729,657
123,598,869‌
Vera
Therapeutics,
Inc.
,
Class
A
(b)
..........
1,228,321
34,958,016‌
Veracyte,
Inc.
(a)
(b)
.....................
1,874,962
67,648,629‌
Verastem,
Inc.
(a)
(b)
.....................
1,077,848
10,185,664‌
Vericel
Corp.
(a)
(b)
......................
1,200,897
42,103,449‌
Vir
Biotechnology,
Inc.
(a)
(b)
...............
2,142,841
12,771,332‌
Viridian
Therapeutics,
Inc.
(a)
(b)
.............
1,667,016
39,391,588‌
Voyager
Therapeutics,
Inc.
(a)
(b)
............
1,129,163
5,273,191‌
Xencor,
Inc.
(a)
(b)
......................
1,676,176
24,656,549‌
Xenon
Pharmaceuticals,
Inc.
(a)
(b)
...........
1,804,989
75,665,139‌
XOMA
Royalty
Corp.
(a)
(b)
................
218,218
7,196,830‌
Zenas
Biopharma,
Inc.
(a)
(b)
...............
386,575
12,080,469‌
Zymeworks,
Inc.
(a)
(b)
...................
1,189,277
22,697,352‌
5,682,569,566‌
Broadline
Retail
—
0.1%
Groupon,
Inc.
(a)
(b)
.....................
601,377
12,105,719‌
Kohl's
Corp.
........................
2,596,381
42,243,119‌
Savers
Value
Village,
Inc.
(a)
(b)
.............
920,636
8,479,057‌
62,827,895‌
Building
Products
—
1.3%
American
Woodmark
Corp.
(b)
.............
343,910
21,917,384‌
Apogee
Enterprises,
Inc.
................
508,953
18,632,769‌
AZZ,
Inc.
..........................
709,675
70,861,049‌
CSW
Industrials,
Inc.
(a)
.................
387,336
96,996,681‌
Gibraltar
Industries,
Inc.
(a)
(b)
..............
711,533
44,392,544‌
Griffon
Corp.
........................
916,341
67,818,397‌
Insteel
Industries,
Inc.
..................
449,556
14,044,130‌
Janus
International
Group,
Inc.
(a)
(b)
.........
3,255,107
31,249,027‌
JELD-WEN
Holding,
Inc.
(a)
(b)
..............
2,071,406
8,989,902‌
Masterbrand,
Inc.
(a)
(b)
..................
3,048,934
38,508,037‌
Quanex
Building
Products
Corp.
...........
1,094,195
15,548,511‌
Resideo
Technologies,
Inc.
(a)
(b)
............
3,302,098
141,329,794‌
Tecnoglass,
Inc.
......................
582,036
34,706,807‌
UFP
Industries,
Inc.
...................
1,445,560
133,179,443‌
Zurn
Elkay
Water
Solutions
Corp.
..........
3,592,449
169,240,272‌
907,414,747‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Capital
Markets
—
1.6%
Acadian
Asset
Management,
Inc.
(a)
.........
650,355
$
31,282,075‌
AlTi
Global,
Inc.
,
Class
A
(a)
(b)
.............
986,170
3,885,510‌
Artisan
Partners
Asset
Management,
Inc.
,
Class
A
.............................
1,518,319
66,289,808‌
Bakkt
Holdings,
Inc.
,
Class
A
(a)
(b)
...........
266,649
7,378,178‌
BGC
Group,
Inc.
,
Class
A
...............
8,714,917
79,654,341‌
Cohen
&
Steers,
Inc.
..................
666,783
45,554,615‌
Diamond
Hill
Investment
Group,
Inc.
........
64,941
8,335,177‌
DigitalBridge
Group,
Inc.
,
Class
A
(a)
.........
4,117,247
48,707,032‌
Donnelley
Financial
Solutions,
Inc.
(a)
(b)
.......
637,985
29,315,411‌
Forge
Global
Holdings,
Inc.
(a)
(b)
............
250,864
5,503,956‌
GCM
Grosvenor,
Inc.
,
Class
A
............
1,188,338
13,677,770‌
Marex
Group
plc
.....................
1,286,850
39,055,897‌
MarketWise,
Inc.
.....................
51,649
877,000‌
Moelis
&
Co.
,
Class
A
..................
1,470,957
93,155,707‌
Open
Lending
Corp.
,
Class
A
(a)
(b)
..........
2,510,633
4,770,203‌
P10,
Inc.
,
Class
A
....................
1,254,759
12,748,351‌
Patria
Investments
Ltd.
,
Class
A
...........
1,554,906
22,654,980‌
Perella
Weinberg
Partners
,
Class
C
........
1,496,572
27,955,965‌
Piper
Sandler
Cos.
....................
421,157
134,458,584‌
PJT
Partners,
Inc.
,
Class
A
..............
556,849
89,713,942‌
Siebert
Financial
Corp.
(a)
(b)
...............
291,438
818,941‌
Silvercrest
Asset
Management
Group,
Inc.
,
Class
A
.............................
235,420
3,328,839‌
StepStone
Group,
Inc.
,
Class
A
...........
1,668,902
101,602,754‌
StoneX
Group,
Inc.
(a)
(b)
.................
1,104,615
101,536,211‌
Value
Line,
Inc.
......................
19,830
726,968‌
Victory
Capital
Holdings,
Inc.
,
Class
A
.......
1,070,507
66,660,471‌
Virtus
Investment
Partners,
Inc.
...........
161,621
26,315,131‌
Westwood
Holdings
Group,
Inc.
...........
109,544
1,834,862‌
WisdomTree,
Inc.
.....................
2,913,808
34,849,144‌
1,102,647,823‌
Chemicals
—
1.5%
AdvanSix,
Inc.
.......................
629,638
11,704,970‌
American
Vanguard
Corp.
(b)
..............
594,775
2,658,644‌
Arq,
Inc.
(a)
(b)
.........................
774,132
5,140,236‌
ASP
Isotopes,
Inc.
(a)
(b)
..................
1,832,112
18,559,295‌
Aspen
Aerogels,
Inc.
(a)
(b)
................
1,594,839
12,981,989‌
Avient
Corp.
........................
2,197,132
70,462,023‌
Balchem
Corp.
......................
779,890
119,627,327‌
Cabot
Corp.
........................
1,297,346
87,544,908‌
Chemours
Co.
(The)
...................
3,600,759
48,214,163‌
Core
Molding
Technologies,
Inc.
(a)
(b)
.........
193,782
3,470,636‌
Ecovyst,
Inc.
(a)
(b)
......................
2,799,742
22,929,887‌
Flotek
Industries,
Inc.
(a)
(b)
................
354,318
6,133,245‌
Hawkins,
Inc.
(a)
......................
466,593
66,186,217‌
HB
Fuller
Co.
.......................
1,305,020
74,868,997‌
Ingevity
Corp.
(a)
(b)
.....................
870,797
46,779,215‌
Innospec,
Inc.
.......................
590,676
43,461,940‌
Intrepid
Potash,
Inc.
(b)
..................
256,374
6,827,240‌
Koppers
Holdings,
Inc.
.................
469,216
13,241,276‌
Kronos
Worldwide,
Inc.
.................
525,346
2,584,702‌
LSB
Industries,
Inc.
(a)
(b)
.................
1,303,589
10,989,255‌
Mativ
Holdings,
Inc.
...................
1,294,444
13,824,662‌
Minerals
Technologies,
Inc.
..............
751,386
42,641,156‌
Orion
SA
..........................
1,340,242
7,103,283‌
Perimeter
Solutions,
Inc.
(a)
(b)
..............
3,323,912
78,145,171‌
PureCycle
Technologies,
Inc.
(a)
(b)
...........
3,108,538
35,996,870‌
Quaker
Chemical
Corp.
................
332,335
46,158,008‌
Rayonier
Advanced
Materials,
Inc.
(a)
(b)
.......
1,564,576
10,873,803‌
Sensient
Technologies
Corp.
.............
1,009,357
95,172,272‌
Solesence,
Inc.
(a)
(b)
....................
322,243
1,053,735‌
Stepan
Co.
.........................
507,290
21,991,021‌
Trinseo
plc
.........................
757,343
1,105,721‌
Security
Shares
Shares
Value
Chemicals
(continued)
Tronox
Holdings
plc
...................
2,832,679
$
9,914,377‌
Valhi,
Inc.
..........................
65,352
906,432‌
1,039,252,676‌
Commercial
Services
&
Supplies
—
1.4%
ABM
Industries,
Inc.
...................
1,484,089
63,815,827‌
ACCO
Brands
Corp.
...................
2,143,263
8,058,669‌
ACV
Auctions,
Inc.
,
Class
A
(a)
(b)
............
4,000,051
36,280,463‌
BrightView
Holdings,
Inc.
(a)
(b)
.............
1,733,947
21,362,227‌
Brink's
Co.
(The)
.....................
1,006,307
111,861,086‌
Casella
Waste
Systems,
Inc.
,
Class
A
(b)
......
1,497,518
132,635,169‌
Cimpress
plc
(a)
(b)
.....................
360,152
24,926,120‌
CompX
International,
Inc.
,
Class
A
.........
28,561
642,337‌
CoreCivic,
Inc.
(b)
.....................
2,583,045
47,863,824‌
Deluxe
Corp.
........................
1,076,192
19,489,837‌
Ennis,
Inc.
.........................
568,838
9,328,943‌
Enviri
Corp.
(a)
(b)
......................
1,833,996
22,393,091‌
GEO
Group,
Inc.
(The)
(b)
................
3,247,622
55,112,145‌
Healthcare
Services
Group,
Inc.
(b)
..........
1,752,684
31,320,463‌
HNI
Corp.
..........................
1,082,941
44,313,946‌
Interface,
Inc.
.......................
1,390,887
34,633,086‌
Liquidity
Services,
Inc.
(a)
(b)
...............
559,178
13,386,721‌
MillerKnoll,
Inc.
......................
1,640,856
25,630,171‌
Mobile
Infrastructure
Corp.
(a)
(b)
............
202,798
693,569‌
Montrose
Environmental
Group,
Inc.
(a)
(b)
......
771,812
19,974,495‌
NL
Industries,
Inc.
....................
190,073
1,149,942‌
OPENLANE,
Inc.
(b)
....................
2,550,051
67,372,347‌
Perma-Fix
Environmental
Services,
Inc.
(a)
(b)
...
424,058
5,805,354‌
Pitney
Bowes,
Inc.
....................
2,900,346
28,655,419‌
Quad/Graphics,
Inc.
,
Class
A
.............
731,883
4,032,675‌
Steelcase,
Inc.
,
Class
A
................
2,010,696
32,090,708‌
UniFirst
Corp.
.......................
359,540
55,494,999‌
Vestis
Corp.
........................
2,769,208
14,538,342‌
Virco
Mfg.
Corp.
.....................
259,606
1,900,316‌
934,762,291‌
Communications
Equipment
—
1.0%
(b)
ADTRAN
Holdings,
Inc.
(a)
...............
1,767,999
18,422,550‌
Applied
Optoelectronics,
Inc.
(a)
............
1,297,721
46,146,959‌
Aviat
Networks,
Inc.
(a)
..................
276,046
6,890,108‌
BK
Technologies
Corp.
(a)
................
74,161
5,540,568‌
Calix,
Inc.
(a)
.........................
1,414,541
96,782,895‌
Clearfield,
Inc.
(a)
......................
274,911
9,704,358‌
CommScope
Holding
Co.,
Inc.
(a)
...........
5,106,856
88,348,609‌
Digi
International,
Inc.
(a)
.................
871,783
31,977,001‌
Extreme
Networks,
Inc.
(a)
................
3,156,970
60,045,569‌
Harmonic,
Inc.
.......................
2,689,378
28,776,345‌
Inseego
Corp.
(a)
......................
306,041
5,092,522‌
NETGEAR,
Inc.
(a)
.....................
669,045
23,229,243‌
NetScout
Systems,
Inc.
(a)
...............
1,698,103
47,207,263‌
Ribbon
Communications,
Inc.
(a)
...........
2,301,209
7,732,062‌
Viasat,
Inc.
(a)
........................
2,816,212
112,141,562‌
Viavi
Solutions,
Inc.
(a)
..................
5,284,259
93,531,384‌
681,568,998‌
Construction
&
Engineering
—
2.4%
Ameresco,
Inc.
,
Class
A
(a)
(b)
..............
765,487
30,252,046‌
Arcosa,
Inc.
(a)
.......................
1,159,266
118,245,132‌
Argan,
Inc.
.........................
316,695
96,975,176‌
Bowman
Consulting
Group
Ltd.
(a)
(b)
.........
335,936
14,542,669‌
Centuri
Holdings,
Inc.
(b)
.................
1,672,779
33,773,408‌
Concrete
Pumping
Holdings,
Inc.
..........
533,349
3,408,100‌
Construction
Partners,
Inc.
,
Class
A
(a)
(b)
......
1,121,580
128,252,673‌
Dycom
Industries,
Inc.
(b)
................
670,367
192,924,919‌
Fluor
Corp.
(a)
(b)
.......................
3,920,734
191,214,197‌
Granite
Construction,
Inc.
(a)
..............
1,047,910
107,840,418‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Construction
&
Engineering
(continued)
Great
Lakes
Dredge
&
Dock
Corp.
(b)
........
1,601,413
$
18,176,038‌
IES
Holdings,
Inc.
(a)
(b)
..................
216,388
84,798,129‌
Limbach
Holdings,
Inc.
(a)
(b)
...............
254,940
24,086,731‌
Matrix
Service
Co.
(a)
(b)
..................
627,663
9,427,498‌
MYR
Group,
Inc.
(a)
(b)
...................
368,161
80,148,650‌
NWPX
Infrastructure,
Inc.
(b)
..............
230,610
13,873,498‌
Orion
Group
Holdings,
Inc.
(a)
(b)
............
894,967
9,638,795‌
Primoris
Services
Corp.
(a)
...............
1,295,511
183,340,717‌
Southland
Holdings,
Inc.
(b)
...............
186,168
832,171‌
Sterling
Infrastructure,
Inc.
(b)
.............
713,186
269,512,989‌
Tutor
Perini
Corp.
(a)
(b)
..................
1,066,649
71,849,477‌
1,683,113,431‌
Construction
Materials
—
0.2%
(a)
Knife
River
Corp.
(b)
....................
1,367,553
82,682,254‌
Smith-Midland
Corp.
(b)
.................
78,778
2,872,246‌
Titan
America
SA
(b)
....................
592,279
8,742,038‌
United
States
Lime
&
Minerals,
Inc.
.........
260,152
30,495,018‌
124,791,556‌
Consumer
Finance
—
1.0%
Atlanticus
Holdings
Corp.
(b)
..............
132,147
7,282,621‌
Bread
Financial
Holdings,
Inc.
............
610,841
38,269,189‌
Consumer
Portfolio
Services,
Inc.
(a)
(b)
........
214,630
1,802,892‌
Dave,
Inc.
,
Class
A
(a)
(b)
.................
222,259
53,191,024‌
Encore
Capital
Group,
Inc.
(b)
.............
548,211
22,794,613‌
Enova
International,
Inc.
(a)
(b)
..............
580,601
69,422,462‌
FirstCash
Holdings,
Inc.
................
949,427
150,484,179‌
Green
Dot
Corp.
,
Class
A
(b)
..............
1,294,875
15,033,499‌
Jefferson
Capital,
Inc.
(a)
.................
264,853
5,000,425‌
LendingClub
Corp.
(b)
...................
2,731,996
47,509,410‌
LendingTree,
Inc.
(a)
(b)
..................
270,686
17,323,904‌
Medallion
Financial
Corp.
...............
446,132
4,385,477‌
Navient
Corp.
.......................
1,749,666
21,398,415‌
Nelnet,
Inc.
,
Class
A
...................
319,216
41,194,825‌
NerdWallet,
Inc.
,
Class
A
(a)
(b)
.............
1,014,458
11,838,725‌
Oportun
Financial
Corp.
(a)
(b)
..............
983,679
5,243,009‌
OppFi,
Inc.
,
Class
A
...................
597,117
5,821,891‌
PRA
Group,
Inc.
(b)
....................
957,148
13,122,499‌
PROG
Holdings,
Inc.
..................
958,388
27,726,165‌
Regional
Management
Corp.
.............
224,502
8,834,154‌
Upstart
Holdings,
Inc.
(a)
(b)
................
2,011,621
95,592,230‌
Vroom,
Inc.
(a)
(b)
.......................
17,684
416,812‌
World
Acceptance
Corp.
(b)
...............
67,977
8,665,028‌
672,353,448‌
Consumer
Staples
Distribution
&
Retail
—
0.5%
Andersons,
Inc.
(The)
..................
787,871
36,486,306‌
Chefs'
Warehouse,
Inc.
(The)
(a)
(b)
..........
870,661
51,368,999‌
Grocery
Outlet
Holding
Corp.
(a)
(b)
...........
2,263,237
30,802,656‌
HF
Foods
Group,
Inc.
(a)
(b)
................
910,396
1,966,455‌
Ingles
Markets,
Inc.
,
Class
A
.............
347,216
23,992,626‌
Natural
Grocers
by
Vitamin
Cottage,
Inc.
.....
310,861
9,975,530‌
PriceSmart,
Inc.
......................
611,766
70,316,384‌
United
Natural
Foods,
Inc.
(b)
..............
1,433,796
53,982,419‌
Village
Super
Market,
Inc.
,
Class
A
.........
219,190
6,875,990‌
Weis
Markets,
Inc.
....................
388,803
24,626,782‌
310,394,147‌
Containers
&
Packaging
—
0.2%
Ardagh
Metal
Packaging
SA
.............
3,412,316
12,181,968‌
Greif,
Inc.
,
Class
A,
NVS
................
609,460
34,672,179‌
Greif,
Inc.
,
Class
B
....................
113,250
6,676,088‌
Myers
Industries,
Inc.
..................
876,989
15,198,220‌
O-I
Glass,
Inc.
(a)
(b)
.....................
3,685,384
41,607,985‌
Security
Shares
Shares
Value
Containers
&
Packaging
(continued)
Ranpak
Holdings
Corp.
,
Class
A
(a)
(b)
........
1,105,570
$
5,859,521‌
TriMas
Corp.
(a)
.......................
795,340
28,258,430‌
144,454,391‌
Distributors
—
0.0%
A-Mark
Precious
Metals,
Inc.
.............
453,277
12,048,103‌
GigaCloud
Technology,
Inc.
,
Class
A
(a)
(b)
......
593,635
16,609,907‌
Weyco
Group,
Inc.
....................
133,261
3,820,593‌
32,478,603‌
Diversified
Consumer
Services
—
1.1%
Adtalem
Global
Education,
Inc.
(b)
..........
849,072
83,226,037‌
American
Public
Education,
Inc.
(a)
(b)
.........
422,017
14,133,349‌
Carriage
Services,
Inc.
.................
333,361
14,901,237‌
Coursera,
Inc.
(b)
......................
3,309,097
27,862,597‌
Driven
Brands
Holdings,
Inc.
(a)
(b)
...........
1,419,098
20,364,056‌
European
Wax
Center,
Inc.
,
Class
A
(b)
.......
719,707
2,806,857‌
Frontdoor,
Inc.
(b)
......................
1,775,768
117,964,268‌
Graham
Holdings
Co.
,
Class
B
............
77,145
78,080,769‌
KinderCare
Learning
Cos.,
Inc.
(a)
(b)
.........
778,779
4,594,796‌
Laureate
Education,
Inc.
(b)
...............
3,096,588
89,893,950‌
Lincoln
Educational
Services
Corp.
(a)
(b)
.......
708,104
13,751,380‌
Matthews
International
Corp.
,
Class
A
.......
711,101
16,653,985‌
McGraw
Hill,
Inc.
(a)
(b)
...................
571,287
6,375,563‌
Mister
Car
Wash,
Inc.
(a)
(b)
................
2,366,172
13,226,902‌
Nerdy,
Inc.
,
Class
A
(a)
(b)
.................
1,489,167
1,474,126‌
OneSpaWorld
Holdings
Ltd.
..............
2,265,506
52,718,325‌
Perdoceo
Education
Corp.
...............
1,479,842
46,999,782‌
Strategic
Education,
Inc.
................
555,179
42,182,500‌
Stride,
Inc.
(a)
(b)
.......................
1,020,834
69,457,545‌
Udemy,
Inc.
(a)
(b)
......................
2,296,538
13,078,784‌
Universal
Technical
Institute,
Inc.
(a)
(b)
........
1,112,319
33,058,121‌
Zspace,
Inc.
(a)
(b)
......................
58,806
55,819‌
762,860,748‌
Diversified
REITs
—
0.5%
Alexander
&
Baldwin,
Inc.
...............
1,761,244
28,127,067‌
Alpine
Income
Property
Trust,
Inc.
.........
290,461
4,263,967‌
American
Assets
Trust,
Inc.
..............
1,283,272
24,523,328‌
Armada
Hoffler
Properties,
Inc.
...........
1,921,360
12,565,694‌
Broadstone
Net
Lease,
Inc.
..............
4,582,937
82,126,231‌
CTO
Realty
Growth,
Inc.
................
723,556
12,068,914‌
Essential
Properties
Realty
Trust,
Inc.
.......
4,771,519
142,572,988‌
Gladstone
Commercial
Corp.
.............
1,095,281
12,519,062‌
Global
Net
Lease,
Inc.
.................
4,799,022
36,568,548‌
Modiv
Industrial,
Inc.
,
Class
C
............
178,249
2,570,350‌
NexPoint
Diversified
Real
Estate
Trust
......
879,270
2,796,079‌
360,702,228‌
Diversified
Telecommunication
Services
—
0.7%
Anterix,
Inc.
(a)
(b)
......................
262,667
5,311,127‌
ATN
International,
Inc.
.................
234,956
3,413,911‌
Bandwidth,
Inc.
,
Class
A
(a)
(b)
..............
671,137
10,838,863‌
Cogent
Communications
Holdings,
Inc.
......
1,067,022
44,014,657‌
Globalstar,
Inc.
(a)
(b)
....................
1,201,550
65,376,336‌
IDT
Corp.
,
Class
B
(a)
...................
387,971
19,654,611‌
Liberty
Latin
America
Ltd.
,
Class
A
(a)
(b)
.......
719,951
5,615,618‌
Liberty
Latin
America
Ltd.
,
Class
C,
NVS
(a)
(b)
...
3,010,598
23,813,830‌
Lumen
Technologies,
Inc.
(a)
(b)
.............
22,780,740
234,186,007‌
Shenandoah
Telecommunications
Co.
.......
1,202,492
14,814,701‌
Uniti
Group,
Inc.
(a)
....................
3,401,757
19,594,120‌
446,633,781‌
Electric
Utilities
—
1.3%
ALLETE,
Inc.
.......................
1,398,951
94,191,371‌
Genie
Energy
Ltd.
,
Class
B
..............
514,806
7,747,830‌
Hawaiian
Electric
Industries,
Inc.
(a)
(b)
........
4,167,373
48,424,874‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Electric
Utilities
(continued)
MGE
Energy,
Inc.
.....................
877,501
$
72,718,508‌
Oklo,
Inc.
,
Class
A
(a)
(b)
..................
2,596,594
344,749,785‌
Otter
Tail
Corp.
......................
925,428
71,461,550‌
Portland
General
Electric
Co.
.............
2,635,781
120,402,476‌
TXNM
Energy,
Inc.
....................
2,347,583
133,342,715‌
893,039,109‌
Electrical
Equipment
—
3.1%
Allient,
Inc.
(a)
........................
345,548
18,894,565‌
American
Superconductor
Corp.
(a)
(b)
........
1,044,788
61,882,793‌
Amprius
Technologies,
Inc.
(a)
(b)
............
2,219,187
31,268,345‌
Array
Technologies,
Inc.
(a)
(b)
..............
3,633,369
31,464,976‌
Atkore,
Inc.
.........................
804,601
55,718,619‌
Bloom
Energy
Corp.
,
Class
A
(a)
(b)
..........
5,126,755
677,551,941‌
EnerSys
...........................
918,504
115,878,465‌
Enovix
Corp.
(a)
(b)
......................
3,929,237
47,111,552‌
Eos
Energy
Enterprises,
Inc.
,
Class
A
(a)
(b)
.....
6,077,116
97,416,169‌
Fluence
Energy,
Inc.
,
Class
A
(a)
(b)
..........
1,812,804
38,068,884‌
Hyliion
Holdings
Corp.
,
Class
A
(a)
(b)
.........
2,961,155
7,017,937‌
KULR
Technology
Group,
Inc.
(a)
(b)
..........
833,135
3,190,907‌
LSI
Industries,
Inc.
....................
630,840
14,439,928‌
NANO
Nuclear
Energy,
Inc.
(a)
(b)
............
740,171
35,187,729‌
Net
Power,
Inc.
,
Class
A
(a)
(b)
..............
824,741
3,150,511‌
NEXTracker,
Inc.
,
Class
A
(b)
..............
3,485,647
352,817,189‌
NuScale
Power
Corp.
,
Class
A
(a)
(b)
..........
3,027,161
135,828,714‌
Plug
Power,
Inc.
(a)
(b)
...................
26,054,350
70,086,201‌
Powell
Industries,
Inc.
(a)
................
227,538
87,235,794‌
Power
Solutions
International,
Inc.
(a)
(b)
.......
157,055
13,447,049‌
Preformed
Line
Products
Co.
(a)
............
57,376
12,170,023‌
Shoals
Technologies
Group,
Inc.
,
Class
A
(a)
(b)
..
4,028,753
42,342,194‌
SKYX
Platforms
Corp.
(a)
(b)
...............
1,275,235
2,244,414‌
SunPower,
Inc.
(a)
(b)
....................
1,475,992
2,656,786‌
Sunrun,
Inc.
(a)
(b)
......................
5,003,502
103,872,701‌
T1
Energy,
Inc.
(a)
(b)
....................
2,721,427
10,123,708‌
Thermon
Group
Holdings,
Inc.
(b)
...........
783,920
22,522,022‌
Vicor
Corp.
(a)
(b)
.......................
557,771
50,606,563‌
2,144,196,679‌
Electronic
Equipment,
Instruments
&
Components
—
3.6%
908
Devices,
Inc.
(a)
(b)
...................
673,079
5,371,170‌
Advanced
Energy
Industries,
Inc.
(a)
.........
900,694
182,597,695‌
Aeva
Technologies,
Inc.
(a)
(b)
..............
735,669
12,020,831‌
Arlo
Technologies,
Inc.
(a)
(b)
...............
2,377,254
45,976,092‌
Badger
Meter,
Inc.
....................
707,459
127,660,977‌
Bel
Fuse,
Inc.
,
Class
A
(a)
................
33,347
4,559,536‌
Bel
Fuse,
Inc.
,
Class
B,
NVS
(a)
............
253,970
39,108,840‌
Belden,
Inc.
(a)
.......................
949,939
115,750,067‌
Benchmark
Electronics,
Inc.
.............
858,830
37,633,931‌
Climb
Global
Solutions,
Inc.
(a)
.............
94,276
10,472,178‌
CTS
Corp.
.........................
690,447
28,660,455‌
Daktronics,
Inc.
(b)
.....................
937,492
17,615,475‌
ePlus,
Inc.
.........................
638,461
46,709,807‌
Evolv
Technologies
Holdings,
Inc.
(b)
.........
2,772,203
21,456,851‌
Fabrinet
(b)
..........................
863,294
380,341,438‌
Frequency
Electronics,
Inc.
(a)
(b)
............
156,719
5,754,722‌
Insight
Enterprises,
Inc.
(a)
(b)
..............
695,655
69,565,500‌
Itron,
Inc.
(a)
(b)
........................
1,086,003
108,958,681‌
Kimball
Electronics,
Inc.
(a)
(b)
..............
584,416
16,991,895‌
Knowles
Corp.
(a)
(b)
....................
2,034,838
48,042,525‌
Methode
Electronics,
Inc.
...............
817,821
5,503,935‌
MicroVision,
Inc.
(a)
(b)
...................
5,989,044
7,007,182‌
Mirion
Technologies,
Inc.
,
Class
A
(a)
(b)
.......
5,619,254
165,037,490‌
Motomova,
Inc.
(b)
(d)
....................
26,106
—‌
M-Tron
Industries,
Inc.
(a)
(b)
...............
57,120
3,148,454‌
Napco
Security
Technologies,
Inc.
.........
824,634
36,407,591‌
Security
Shares
Shares
Value
Electronic
Equipment,
Instruments
&
Components
(continued)
Neonode,
Inc.
(a)
(b)
.....................
257,381
$
782,438‌
nLight,
Inc.
(a)
(b)
.......................
1,149,953
37,959,949‌
Novanta,
Inc.
(a)
(b)
.....................
856,713
108,811,118‌
OSI
Systems,
Inc.
(a)
(b)
..................
383,472
106,781,613‌
Ouster,
Inc.
,
Class
A
(a)
(b)
................
1,215,821
40,559,789‌
PC
Connection,
Inc.
...................
275,946
16,824,428‌
Plexus
Corp.
(a)
(b)
......................
642,627
89,903,517‌
Powerfleet,
Inc.
(a)
(b)
....................
2,962,882
15,110,698‌
Red
Cat
Holdings,
Inc.
(a)
(b)
...............
2,047,076
23,029,605‌
Richardson
Electronics
Ltd.
..............
283,919
3,060,647‌
Rogers
Corp.
(a)
(b)
.....................
443,383
38,813,748‌
Sanmina
Corp.
(a)
(b)
....................
1,251,153
171,470,519‌
ScanSource,
Inc.
(b)
....................
523,147
22,445,622‌
TTM
Technologies,
Inc.
(a)
(b)
..............
2,408,647
161,861,078‌
Vishay
Intertechnology,
Inc.
..............
2,893,731
49,135,552‌
Vishay
Precision
Group,
Inc.
(a)
(b)
...........
286,244
10,722,700‌
Vuzix
Corp.
(a)
(b)
......................
1,561,797
5,232,020‌
2,444,858,359‌
Energy
Equipment
&
Services
—
1.7%
Archrock,
Inc.
.......................
3,937,702
99,505,730‌
Atlas
Energy
Solutions,
Inc.
..............
1,843,738
22,825,476‌
Borr
Drilling
Ltd.
(a)
(b)
...................
5,931,176
18,386,646‌
Bristow
Group,
Inc.
(b)
..................
684,019
27,839,573‌
Cactus,
Inc.
,
Class
A
..................
1,631,447
72,061,014‌
Core
Laboratories,
Inc.
(a)
................
1,122,290
17,889,303‌
DMC
Global,
Inc.
(b)
....................
465,079
3,748,537‌
Energy
Services
of
America
Corp.
.........
288,307
3,159,845‌
Expro
Group
Holdings
NV
(a)
(b)
.............
2,475,225
33,613,555‌
Flowco
Holdings,
Inc.
,
Class
A
............
471,564
7,639,337‌
Forum
Energy
Technologies,
Inc.
(a)
(b)
........
266,764
7,143,940‌
Helix
Energy
Solutions
Group,
Inc.
(b)
........
3,338,953
22,437,764‌
Helmerich
&
Payne,
Inc.
................
2,310,025
60,661,256‌
Innovex
International,
Inc.
(a)
(b)
.............
931,508
18,695,366‌
Kodiak
Gas
Services,
Inc.
...............
1,605,877
59,224,744‌
Liberty
Energy,
Inc.
,
Class
A
.............
3,782,322
68,497,851‌
Mammoth
Energy
Services,
Inc.
(b)
..........
497,288
1,014,468‌
Nabors
Industries
Ltd.
(a)
(b)
...............
365,724
17,744,928‌
National
Energy
Services
Reunited
Corp.
(a)
(b)
..
1,452,070
18,325,123‌
Natural
Gas
Services
Group,
Inc.
..........
237,544
6,613,225‌
Noble
Corp.
plc
......................
3,015,022
88,490,896‌
Oceaneering
International,
Inc.
(a)
(b)
.........
2,276,344
53,016,052‌
Oil
States
International,
Inc.
(b)
.............
1,448,087
8,645,079‌
Patterson-UTI
Energy,
Inc.
..............
8,373,140
52,499,588‌
ProFrac
Holding
Corp.
,
Class
A
(a)
(b)
.........
306,560
1,676,883‌
ProPetro
Holding
Corp.
(a)
(b)
..............
1,926,331
19,995,316‌
Ranger
Energy
Services,
Inc.
,
Class
A
.......
452,329
6,215,000‌
RPC,
Inc.
..........................
2,144,039
11,149,003‌
SEACOR
Marine
Holdings,
Inc.
(a)
(b)
.........
510,974
3,249,795‌
Seadrill
Ltd.
(a)
(b)
......................
1,501,691
47,393,368‌
Select
Water
Solutions,
Inc.
,
Class
A
........
2,229,911
25,777,771‌
Solaris
Energy
Infrastructure,
Inc.
,
Class
A
....
873,289
46,485,173‌
TETRA
Technologies,
Inc.
(a)
(b)
.............
3,066,000
21,645,960‌
Tidewater,
Inc.
(a)
(b)
....................
1,174,650
59,425,543‌
Transocean
Ltd.
(a)
(b)
...................
20,270,395
77,838,317‌
Valaris
Ltd.
(a)
(b)
.......................
1,525,397
85,605,280‌
1,196,136,705‌
Entertainment
—
0.5%
AMC
Entertainment
Holdings,
Inc.
,
Class
A
(a)
(b)
.
10,370,022
26,858,357‌
Atlanta
Braves
Holdings,
Inc.
,
Class
A
(a)
(b)
.....
206,288
8,899,264‌
Atlanta
Braves
Holdings,
Inc.
,
Class
C,
NVS
(b)
.
1,043,225
42,480,122‌
Cinemark
Holdings,
Inc.
................
2,492,048
67,310,216‌
CuriosityStream,
Inc.
,
Class
A
............
795,866
3,454,058‌
Eventbrite,
Inc.
,
Class
A
(a)
(b)
..............
1,853,681
4,282,003‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Entertainment
(continued)
Gaia,
Inc.
,
Class
A
(a)
(b)
..................
328,934
$
1,641,381‌
Golden
Matrix
Group,
Inc.
(a)
(b)
.............
378,287
389,636‌
IMAX
Corp.
(a)
(b)
......................
1,044,466
33,934,700‌
Lionsgate
Studios
Corp.
(b)
...............
4,887,531
31,426,824‌
Madison
Square
Garden
Entertainment
Corp.
(a)
(b)
944,950
41,728,992‌
Marcus
Corp.
(The)
...................
560,389
8,069,602‌
Playstudios,
Inc.
,
Class
A
(b)
..............
2,013,909
1,872,935‌
Playtika
Holding
Corp.
.................
1,359,556
4,989,571‌
Reservoir
Media,
Inc.
(a)
(b)
................
463,061
3,519,264‌
Sphere
Entertainment
Co.
,
Class
A
(a)
(b)
.......
665,327
45,561,593‌
Starz
Entertainment
Corp.
(a)
..............
287,861
3,025,419‌
Vivid
Seats,
Inc.
,
Class
A
(a)
(b)
.............
82,541
1,024,334‌
330,468,271‌
Financial
Services
—
2.2%
Acacia
Research
Corp.
(a)
(b)
...............
755,549
2,621,755‌
Alerus
Financial
Corp.
.................
543,036
11,468,920‌
Banco
Latinoamericano
de
Comercio
Exterior
SA
,
Class
E
......................
693,136
29,811,779‌
Better
Home
&
Finance
Holding
Co.
(a)
(b)
......
123,588
9,047,877‌
Burford
Capital
Ltd.
...................
4,835,147
48,109,713‌
Cannae
Holdings,
Inc.
.................
1,380,691
24,686,755‌
Cantaloupe,
Inc.
(b)
....................
1,441,555
15,222,821‌
Cass
Information
Systems,
Inc.
...........
319,592
12,633,472‌
Compass
Diversified
Holdings
............
1,635,241
10,432,838‌
Enact
Holdings,
Inc.
...................
727,193
25,975,334‌
Essent
Group
Ltd.
....................
2,333,304
141,328,223‌
EVERTEC,
Inc.
......................
1,547,683
44,062,535‌
Federal
Agricultural
Mortgage
Corp.
,
Class
C,
NVS
...........................
223,936
35,525,207‌
Finance
of
America
Cos.,
Inc.
,
Class
A
(a)
(b)
....
113,909
2,505,998‌
Flywire
Corp.
(a)
(b)
.....................
2,817,146
37,524,385‌
Hannon
Armstrong
Sustainable
Infrastructure
Capital,
Inc.
......................
2,867,957
79,471,088‌
International
Money
Express,
Inc.
(b)
.........
664,894
9,900,272‌
Jackson
Financial,
Inc.
,
Class
A
...........
1,674,558
168,812,192‌
loanDepot,
Inc.
,
Class
A
(a)
(b)
..............
2,061,759
6,226,512‌
Marqeta,
Inc.
,
Class
A
(a)
(b)
...............
9,249,090
41,898,378‌
Merchants
Bancorp
...................
622,495
19,415,619‌
NCR
Atleos
Corp.
(a)
(b)
..................
1,760,226
64,952,339‌
NewtekOne,
Inc.
.....................
626,864
6,519,386‌
NMI
Holdings,
Inc.
,
Class
A
(a)
(b)
............
1,871,008
68,160,821‌
Onity
Group,
Inc.
(a)
(b)
...................
159,615
5,980,774‌
Pagseguro
Digital
Ltd.
,
Class
A
...........
4,333,255
41,555,915‌
Payoneer
Global,
Inc.
(b)
.................
6,727,843
38,954,211‌
Paysafe
Ltd.
(a)
(b)
......................
819,260
9,020,053‌
Paysign,
Inc.
(b)
.......................
860,638
4,445,195‌
PennyMac
Financial
Services,
Inc.
.........
698,945
87,934,270‌
Priority
Technology
Holdings,
Inc.
(a)
(b)
........
643,426
4,478,245‌
Radian
Group,
Inc.
....................
3,236,774
109,856,109‌
Remitly
Global,
Inc.
(a)
(b)
.................
4,006,439
64,263,282‌
Repay
Holdings
Corp.
,
Class
A
(a)
(b)
.........
1,898,461
8,144,398‌
Security
National
Financial
Corp.
,
Class
A
(a)
(b)
..
291,800
2,325,646‌
Sezzle,
Inc.
(a)
(b)
......................
382,529
25,074,776‌
StoneCo
Ltd.
,
Class
A
(a)
(b)
...............
6,010,197
114,253,845‌
SWK
Holdings
Corp.
..................
54,135
876,446‌
Triller
Group,
Inc.
(a)
(b)
...................
2,091,778
1,199,635‌
Velocity
Financial,
Inc.
(b)
................
243,466
4,533,337‌
Walker
&
Dunlop,
Inc.
..................
784,079
62,663,594‌
Waterstone
Financial,
Inc.
...............
390,599
5,976,165‌
1,507,850,115‌
Food
Products
—
0.7%
Alico,
Inc.
(a)
.........................
128,813
4,535,506‌
B&G
Foods,
Inc.
.....................
1,862,831
7,451,324‌
Security
Shares
Shares
Value
Food
Products
(continued)
Beyond
Meat,
Inc.
(a)
(b)
..................
1,802,560
$
2,983,237‌
BRC,
Inc.
,
Class
A
(a)
(b)
..................
2,083,598
2,646,169‌
Calavo
Growers,
Inc.
..................
395,964
8,794,360‌
Cal-Maine
Foods,
Inc.
..................
1,096,566
96,278,495‌
Dole
plc
...........................
1,724,339
21,968,079‌
Forafric
Global
plc
(a)
(b)
..................
45,287
422,981‌
Fresh
Del
Monte
Produce,
Inc.
............
797,955
28,207,709‌
Hain
Celestial
Group,
Inc.
(The)
(b)
..........
2,137,479
2,479,476‌
J
&
J
Snack
Foods
Corp.
................
364,174
30,827,329‌
John
B
Sanfilippo
&
Son,
Inc.
.............
183,283
11,506,507‌
Lifeway
Foods,
Inc.
(a)
(b)
.................
121,479
2,914,281‌
Limoneira
Co.
.......................
396,856
5,607,575‌
Mama's
Creations,
Inc.
(b)
................
817,968
8,662,281‌
Marzetti
Co.
(The)
....................
479,697
75,211,693‌
Mission
Produce,
Inc.
(a)
(b)
................
1,029,972
11,865,277‌
Seneca
Foods
Corp.
,
Class
A
(a)
(b)
..........
114,871
12,387,114‌
Simply
Good
Foods
Co.
(The)
(a)
(b)
..........
2,230,248
43,645,953‌
SunOpta,
Inc.
(a)
(b)
.....................
2,327,458
12,149,331‌
Tootsie
Roll
Industries,
Inc.
..............
425,038
14,999,591‌
TreeHouse
Foods,
Inc.
(b)
................
1,205,126
21,933,293‌
Utz
Brands,
Inc.
,
Class
A
................
1,721,416
18,126,510‌
Vital
Farms,
Inc.
(a)
(b)
...................
828,109
27,203,381‌
Westrock
Coffee
Co.
(a)
(b)
................
843,089
3,718,023‌
476,525,475‌
Gas
Utilities
—
1.0%
Brookfield
Infrastructure
Corp.
,
Class
A
(a)
.....
2,876,363
130,328,008‌
Chesapeake
Utilities
Corp.
..............
542,191
69,010,070‌
New
Jersey
Resources
Corp.
.............
2,414,107
106,944,940‌
Northwest
Natural
Holding
Co.
............
961,034
43,755,878‌
ONE
Gas,
Inc.
.......................
1,437,219
115,250,592‌
RGC
Resources,
Inc.
..................
170,231
3,525,484‌
Southwest
Gas
Holdings,
Inc.
............
1,558,754
123,920,943‌
Spire,
Inc.
..........................
1,402,828
121,204,339‌
713,940,254‌
Ground
Transportation
—
0.3%
ArcBest
Corp.
.......................
548,070
40,732,562‌
Covenant
Logistics
Group,
Inc.
,
Class
A
......
406,291
8,194,889‌
FTAI
Infrastructure,
Inc.
.................
2,529,188
13,505,864‌
Heartland
Express,
Inc.
.................
1,062,245
8,285,511‌
Hertz
Global
Holdings,
Inc.
(a)
(b)
............
2,842,648
14,582,784‌
Marten
Transport
Ltd.
..................
1,343,158
13,767,370‌
PAMT
Corp.
(a)
(b)
......................
148,146
1,491,830‌
Proficient
Auto
Logistics,
Inc.
(a)
(b)
...........
535,976
4,009,101‌
RXO,
Inc.
(a)
(b)
........................
3,881,609
68,820,928‌
Universal
Logistics
Holdings,
Inc.
..........
154,303
2,496,623‌
Werner
Enterprises,
Inc.
................
1,377,926
36,101,661‌
211,989,123‌
Health
Care
Equipment
&
Supplies
—
2.5%
Accuray,
Inc.
(b)
.......................
2,404,542
3,390,404‌
Acme
United
Corp.
(a)
..................
61,032
2,319,826‌
Alphatec
Holdings,
Inc.
(a)
(b)
...............
2,773,916
52,676,665‌
AngioDynamics,
Inc.
(b)
.................
928,751
11,172,874‌
Anteris
Technologies
Global
Corp.
(a)
(b)
.......
688,630
3,091,949‌
Artivion,
Inc.
(a)
(b)
......................
912,847
41,415,868‌
AtriCure,
Inc.
(a)
(b)
.....................
1,156,546
39,958,664‌
Avanos
Medical,
Inc.
(b)
.................
1,073,079
11,921,908‌
AxoGen,
Inc.
(a)
(b)
.....................
1,057,559
23,498,961‌
Beta
Bionics,
Inc.
(a)
(b)
..................
919,176
25,019,971‌
Bioventus,
Inc.
,
Class
A
(a)
(b)
..............
1,123,273
7,357,438‌
Butterfly
Network,
Inc.
,
Class
A
(a)
(b)
.........
4,601,311
12,377,527‌
Carlsmed,
Inc.
(a)
(b)
....................
113,294
1,460,360‌
Ceribell,
Inc.
(a)
(b)
......................
582,195
6,637,023‌
Cerus
Corp.
(b)
.......................
4,504,910
6,622,218‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Health
Care
Equipment
&
Supplies
(continued)
ClearPoint
Neuro,
Inc.
(a)
(b)
...............
630,927
$
14,650,125‌
CONMED
Corp.
......................
747,591
32,894,004‌
CVRx,
Inc.
(a)
(b)
.......................
375,694
3,828,322‌
Delcath
Systems,
Inc.
(a)
(b)
...............
705,791
6,937,925‌
Electromed,
Inc.
(b)
....................
152,378
3,666,215‌
Embecta
Corp.
......................
1,412,059
18,836,867‌
Enovis
Corp.
(a)
(b)
......................
1,365,654
42,663,031‌
Glaukos
Corp.
(b)
......................
1,333,917
117,478,070‌
Haemonetics
Corp.
(a)
(b)
.................
1,154,850
57,754,048‌
ICU
Medical,
Inc.
(a)
(b)
...................
577,995
69,411,420‌
Inogen,
Inc.
(b)
.......................
560,622
4,619,525‌
Integer
Holdings
Corp.
(a)
(b)
...............
824,006
53,206,067‌
Integra
LifeSciences
Holdings
Corp.
(a)
(b)
......
1,606,973
19,299,746‌
iRadimed
Corp.
......................
191,920
14,741,375‌
iRhythm
Technologies,
Inc.
(a)
(b)
............
761,532
142,634,944‌
Kestra
Medical
Technologies
Ltd.
(a)
(b)
........
311,077
8,517,288‌
KORU
Medical
Systems,
Inc.
(b)
............
886,254
3,509,566‌
Lantheus
Holdings,
Inc.
(a)
(b)
..............
1,627,400
93,884,706‌
LeMaitre
Vascular,
Inc.
.................
496,387
42,992,078‌
LENSAR,
Inc.
(a)
(b)
.....................
221,749
2,727,513‌
LivaNova
plc
(a)
(b)
......................
1,304,700
68,666,361‌
Lucid
Diagnostics,
Inc.
(a)
(b)
...............
1,484,705
1,796,493‌
Merit
Medical
Systems,
Inc.
(b)
.............
1,394,232
122,051,069‌
Myomo,
Inc.
(a)
(b)
......................
721,802
668,389‌
Neogen
Corp.
(a)
(b)
.....................
5,216,760
32,187,409‌
Neuronetics,
Inc.
(a)
(b)
...................
911,376
2,415,146‌
NeuroPace,
Inc.
(a)
(b)
...................
588,070
5,845,416‌
Novocure
Ltd.
(b)
......................
2,422,045
31,026,396‌
Omnicell,
Inc.
(a)
(b)
.....................
1,115,931
37,461,804‌
OraSure
Technologies,
Inc.
(b)
.............
1,794,585
4,917,163‌
Orthofix
Medical,
Inc.
(b)
.................
924,086
14,267,888‌
OrthoPediatrics
Corp.
(a)
(b)
................
397,952
6,701,512‌
Outset
Medical,
Inc.
(a)
(b)
.................
398,165
5,223,925‌
PROCEPT
BioRobotics
Corp.
(a)
(b)
..........
1,252,690
42,629,041‌
Pro-Dex,
Inc.
(a)
(b)
.....................
54,160
1,962,758‌
Pulmonx
Corp.
(b)
.....................
878,293
1,756,586‌
Pulse
Biosciences,
Inc.
(a)
(b)
...............
429,768
7,275,972‌
QuidelOrtho
Corp.
(a)
(b)
..................
1,620,115
43,726,904‌
RxSight,
Inc.
(b)
.......................
828,767
7,284,862‌
Sanara
Medtech,
Inc.
(a)
(b)
................
75,453
2,210,773‌
SANUWAVE
Health,
Inc.
(a)
(b)
..............
171,057
4,950,390‌
Semler
Scientific,
Inc.
(a)
(b)
................
294,238
7,785,537‌
Shoulder
Innovations,
Inc.
(a)
(b)
.............
85,302
999,739‌
SI-BONE,
Inc.
(a)
(b)
.....................
910,743
13,506,319‌
Sight
Sciences,
Inc.
(a)
(b)
.................
928,417
4,697,790‌
STAAR
Surgical
Co.
(b)
..................
1,195,466
30,926,705‌
Stereotaxis,
Inc.
(a)
(b)
...................
1,393,733
4,055,763‌
Surmodics,
Inc.
(b)
.....................
330,083
9,055,827‌
Tactile
Systems
Technology,
Inc.
(a)
(b)
........
555,779
8,375,589‌
Tandem
Diabetes
Care,
Inc.
(a)
(b)
...........
1,597,281
22,361,934‌
TransMedics
Group,
Inc.
(a)
(b)
..............
793,270
104,346,736‌
Treace
Medical
Concepts,
Inc.
(a)
(b)
..........
1,143,122
7,304,550‌
UFP
Technologies,
Inc.
(a)
(b)
...............
178,690
34,422,842‌
Utah
Medical
Products,
Inc.
..............
54,108
3,143,675‌
Varex
Imaging
Corp.
(b)
.................
979,848
11,454,423‌
1,710,638,177‌
Health
Care
Providers
&
Services
—
3.3%
AdaptHealth
Corp.
(a)
(b)
..................
2,443,367
21,965,869‌
Addus
HomeCare
Corp.
(b)
...............
430,702
50,344,757‌
agilon
health,
Inc.
(a)
(b)
..................
7,309,796
5,822,252‌
AirSculpt
Technologies,
Inc.
(a)
(b)
...........
407,938
4,246,635‌
Alignment
Healthcare,
Inc.
(a)
(b)
............
3,487,980
58,807,343‌
AMN
Healthcare
Services,
Inc.
(b)
...........
915,271
18,021,686‌
Ardent
Health,
Inc.
(a)
(b)
..................
575,225
8,375,276‌
Security
Shares
Shares
Value
Health
Care
Providers
&
Services
(continued)
Astrana
Health,
Inc.
(a)
(b)
.................
977,281
$
30,500,940‌
Aveanna
Healthcare
Holdings,
Inc.
(a)
(b)
.......
1,168,597
10,575,803‌
BrightSpring
Health
Services,
Inc.
(a)
(b)
.......
2,562,866
84,702,721‌
Brookdale
Senior
Living,
Inc.
(a)
(b)
...........
5,479,133
50,791,563‌
Castle
Biosciences,
Inc.
(b)
...............
673,369
17,170,909‌
Clover
Health
Investments
Corp.
,
Class
A
(a)
(b)
..
9,655,672
34,084,522‌
Community
Health
Systems,
Inc.
(a)
(b)
........
3,158,410
12,254,631‌
Concentra
Group
Holdings
Parent,
Inc.
......
2,773,967
55,257,423‌
CorVel
Corp.
(b)
.......................
689,093
50,958,427‌
Cross
Country
Healthcare,
Inc.
(b)
..........
749,152
9,184,604‌
DocGo,
Inc.
(a)
(b)
......................
2,215,419
2,414,807‌
Enhabit,
Inc.
(a)
(b)
......................
1,205,591
9,801,455‌
Ensign
Group,
Inc.
(The)
(a)
...............
1,341,926
241,680,873‌
Fulgent
Genetics,
Inc.
(a)
(b)
...............
500,031
11,225,696‌
GeneDx
Holdings
Corp.
,
Class
A
(a)
(b)
........
448,492
61,403,040‌
Guardant
Health,
Inc.
(a)
(b)
................
2,851,402
265,237,414‌
Guardian
Pharmacy
Services,
Inc.
,
Class
A
(a)
(b)
.
463,233
12,989,053‌
HealthEquity,
Inc.
(b)
....................
2,039,605
192,905,841‌
Hims
&
Hers
Health,
Inc.
,
Class
A
(a)
(b)
.......
4,551,950
206,931,647‌
Innovage
Holding
Corp.
(a)
(b)
..............
419,091
1,881,719‌
Joint
Corp.
(The)
(a)
(b)
...................
316,921
2,500,507‌
LifeStance
Health
Group,
Inc.
(a)
(b)
..........
3,173,288
15,549,111‌
Nano-X
Imaging
Ltd.
(a)
(b)
................
1,517,313
5,507,846‌
National
HealthCare
Corp.
...............
302,554
36,137,050‌
National
Research
Corp.
................
304,062
4,062,268‌
NeoGenomics,
Inc.
(a)
(b)
.................
3,082,672
30,117,705‌
Nutex
Health,
Inc.
(a)
(b)
..................
82,975
10,210,903‌
Omada
Health,
Inc.
(a)
(b)
.................
221,804
5,449,724‌
Oncology
Institute,
Inc.
(The)
(b)
............
1,453,408
6,482,200‌
OPKO
Health,
Inc.
(a)
(b)
..................
9,747,956
13,257,220‌
Option
Care
Health,
Inc.
(a)
(b)
..............
3,932,623
102,366,177‌
Owens
&
Minor,
Inc.
(a)
(b)
.................
1,795,796
7,129,310‌
PACS
Group,
Inc.
(a)
(b)
..................
1,054,431
12,737,526‌
Pediatrix
Medical
Group,
Inc.
(a)
(b)
...........
2,045,295
34,708,656‌
Pennant
Group,
Inc.
(The)
(b)
..............
800,052
19,785,286‌
Premier,
Inc.
,
Class
A
..................
1,981,712
55,725,741‌
Privia
Health
Group,
Inc.
(a)
(b)
..............
2,737,260
66,515,418‌
Progyny,
Inc.
(a)
(b)
.....................
1,784,368
33,385,525‌
RadNet,
Inc.
(a)
(b)
......................
1,631,612
123,986,196‌
SBC
Medical
Group
Holdings,
Inc.
(a)
(b)
.......
135,214
440,798‌
Select
Medical
Holdings
Corp.
............
2,677,633
37,031,664‌
Sonida
Senior
Living,
Inc.
(a)
(b)
.............
126,189
3,268,295‌
Strata
Critical
Medical,
Inc.
,
Class
A
(a)
(b)
......
1,554,162
7,817,435‌
Surgery
Partners,
Inc.
(a)
(b)
...............
1,845,078
40,462,561‌
Talkspace,
Inc.
(a)
(b)
....................
3,483,407
11,251,405‌
US
Physical
Therapy,
Inc.
...............
356,447
30,750,683‌
Viemed
Healthcare,
Inc.
(b)
...............
780,578
5,042,534‌
2,251,216,650‌
Health
Care
REITs
—
1.0%
American
Healthcare
REIT,
Inc.
...........
3,832,801
173,702,541‌
CareTrust
REIT,
Inc.
...................
5,109,021
177,027,578‌
Community
Healthcare
Trust,
Inc.
..........
657,531
9,639,404‌
Diversified
Healthcare
Trust
..............
5,280,329
22,494,201‌
Global
Medical
REIT,
Inc.
...............
319,352
9,804,094‌
LTC
Properties,
Inc.
...................
1,100,434
38,603,225‌
National
Health
Investors,
Inc.
............
1,109,133
82,641,500‌
Sabra
Health
Care
REIT,
Inc.
.............
5,721,240
101,952,497‌
Sila
Realty
Trust,
Inc.
..................
1,338,134
31,713,776‌
Strawberry
Fields
REIT,
Inc.
.............
160,900
1,871,267‌
Universal
Health
Realty
Income
Trust
.......
314,912
12,035,937‌
661,486,020‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Health
Care
Technology
—
0.4%
Claritev
Corp.
(a)
(b)
.....................
184,341
$
12,000,599‌
Definitive
Healthcare
Corp.
,
Class
A
(b)
.......
891,233
2,468,715‌
Evolent
Health,
Inc.
,
Class
A
(a)
(b)
...........
2,817,250
18,791,058‌
Health
Catalyst,
Inc.
(b)
..................
1,622,585
5,240,950‌
HealthStream,
Inc.
....................
584,036
14,367,286‌
LifeMD,
Inc.
(a)
(b)
......................
935,518
5,528,911‌
OptimizeRx
Corp.
(a)
(b)
..................
382,107
7,829,372‌
Phreesia,
Inc.
(a)
(b)
.....................
1,370,227
31,021,939‌
Schrodinger,
Inc.
(a)
(b)
...................
1,347,791
28,357,523‌
Simulations
Plus,
Inc.
(b)
.................
393,662
6,763,113‌
Teladoc
Health,
Inc.
(a)
(b)
.................
4,224,988
36,461,646‌
TruBridge,
Inc.
(a)
(b)
....................
249,112
4,787,933‌
Waystar
Holding
Corp.
(a)
(b)
...............
2,620,355
93,939,727‌
267,558,772‌
Hotel
&
Resort
REITs
—
0.6%
Apple
Hospitality
REIT,
Inc.
..............
5,467,276
61,178,818‌
Braemar
Hotels
&
Resorts,
Inc.
...........
1,493,854
3,809,328‌
Chatham
Lodging
Trust
.................
1,159,457
7,420,525‌
DiamondRock
Hospitality
Co.
.............
5,157,460
40,331,337‌
Pebblebrook
Hotel
Trust
(a)
...............
2,885,951
30,187,047‌
RLJ
Lodging
Trust
....................
3,708,280
25,216,304‌
Ryman
Hospitality
Properties,
Inc.
.........
1,484,718
129,036,841‌
Service
Properties
Trust
................
3,782,204
8,093,917‌
Summit
Hotel
Properties,
Inc.
.............
2,708,929
13,923,895‌
Sunstone
Hotel
Investors,
Inc.
............
4,616,965
40,860,140‌
Xenia
Hotels
&
Resorts,
Inc.
.............
2,429,192
29,879,062‌
389,937,214‌
Hotels,
Restaurants
&
Leisure
—
1.6%
Accel
Entertainment,
Inc.
,
Class
A
(b)
........
1,292,257
13,168,099‌
Bally's
Corp.
(a)
(b)
......................
162,184
2,953,371‌
Biglari
Holdings,
Inc.
,
Class
B,
NVS
(a)
(b)
......
16,569
5,986,545‌
BJ's
Restaurants,
Inc.
(a)
(b)
...............
482,593
16,388,858‌
Bloomin'
Brands,
Inc.
..................
2,004,858
13,693,180‌
Brightstar
Lottery
plc
..................
2,676,569
44,591,640‌
Brinker
International,
Inc.
(b)
..............
1,059,034
115,074,634‌
Cheesecake
Factory,
Inc.
(The)
(a)
..........
1,108,852
55,220,830‌
Cracker
Barrel
Old
Country
Store,
Inc.
(a)
.....
534,998
18,029,433‌
Dave
&
Buster's
Entertainment,
Inc.
(a)
(b)
......
653,714
9,603,059‌
Denny's
Corp.
(a)
(b)
.....................
1,231,111
4,813,644‌
Dine
Brands
Global,
Inc.
................
369,880
9,143,434‌
El
Pollo
Loco
Holdings,
Inc.
(a)
(b)
............
644,539
6,587,189‌
First
Watch
Restaurant
Group,
Inc.
(a)
(b)
.......
1,080,534
17,818,006‌
Genius
Sports
Ltd.
(a)
(b)
..................
5,223,996
58,822,195‌
Global
Business
Travel
Group
I
(a)
(b)
.........
2,281,978
17,936,347‌
Golden
Entertainment,
Inc.
..............
469,502
9,483,940‌
Hilton
Grand
Vacations,
Inc.
(a)
(b)
...........
1,390,506
57,636,474‌
Inspired
Entertainment,
Inc.
(a)
(b)
............
604,970
4,567,523‌
Jack
in
the
Box,
Inc.
...................
444,054
7,122,626‌
Krispy
Kreme,
Inc.
(a)
...................
1,814,013
6,512,307‌
Kura
Sushi
USA,
Inc.
,
Class
A
(a)
(b)
..........
149,261
8,497,429‌
Life
Time
Group
Holdings,
Inc.
(b)
...........
3,248,118
80,325,958‌
Lindblad
Expeditions
Holdings,
Inc.
(a)
(b)
......
908,098
10,951,662‌
Marriott
Vacations
Worldwide
Corp.
.........
673,264
44,421,959‌
Monarch
Casino
&
Resort,
Inc.
............
303,426
27,329,580‌
Nathan's
Famous,
Inc.
.................
66,331
7,019,810‌
Papa
John's
International,
Inc.
............
780,882
39,676,614‌
Portillo's,
Inc.
,
Class
A
(a)
(b)
...............
1,444,870
7,730,054‌
Pursuit
Attractions
&
Hospitality,
Inc.
(b)
.......
507,890
18,019,937‌
RCI
Hospitality
Holdings,
Inc.
.............
199,913
4,979,833‌
Red
Rock
Resorts,
Inc.
,
Class
A
...........
1,169,943
62,369,661‌
Rush
Street
Interactive,
Inc.
,
Class
A
(a)
(b)
.....
2,123,378
36,012,491‌
Sabre
Corp.
(a)
(b)
......................
8,694,234
17,779,708‌
Serve
Robotics,
Inc.
(a)
(b)
.................
1,135,976
15,028,962‌
Security
Shares
Shares
Value
Hotels,
Restaurants
&
Leisure
(continued)
Shake
Shack,
Inc.
,
Class
A
(a)
(b)
............
928,404
$
89,600,270‌
Six
Flags
Entertainment
Corp.
(a)
(b)
..........
2,289,379
52,609,929‌
Super
Group
SGHC
Ltd.
(a)
...............
3,842,107
41,494,756‌
Sweetgreen,
Inc.
,
Class
A
(a)
(b)
.............
2,464,404
15,501,101‌
Target
Hospitality
Corp.
(a)
(b)
..............
782,561
6,017,894‌
United
Parks
&
Resorts,
Inc.
(a)
(b)
...........
650,260
31,472,584‌
Xponential
Fitness,
Inc.
,
Class
A
(a)
(b)
........
647,114
4,348,606‌
1,116,342,132‌
Household
Durables
—
1.6%
Bassett
Furniture
Industries,
Inc.
..........
132,885
1,960,054‌
Beazer
Homes
USA,
Inc.
(b)
..............
682,338
15,284,371‌
Cavco
Industries,
Inc.
(a)
(b)
................
181,855
96,346,779‌
Century
Communities,
Inc.
..............
617,853
36,700,468‌
Champion
Homes,
Inc.
(b)
................
1,366,566
93,240,798‌
Cricut,
Inc.
,
Class
A
...................
1,146,143
6,086,019‌
Dream
Finders
Homes,
Inc.
,
Class
A
(a)
(b)
......
722,914
14,313,697‌
Ethan
Allen
Interiors,
Inc.
...............
547,635
13,236,338‌
Flexsteel
Industries,
Inc.
................
89,036
3,044,141‌
Green
Brick
Partners,
Inc.
(a)
(b)
.............
740,715
47,953,889‌
Hamilton
Beach
Brands
Holding
Co.
,
Class
A
..
174,759
2,458,859‌
Helen
of
Troy
Ltd.
(a)
(b)
..................
547,174
10,193,852‌
Hovnanian
Enterprises,
Inc.
,
Class
A
(b)
.......
114,190
13,729,064‌
Installed
Building
Products,
Inc.
(a)
..........
559,807
138,960,892‌
KB
Home
..........................
1,584,209
98,886,326‌
La-Z-Boy,
Inc.
.......................
992,832
31,472,774‌
Legacy
Housing
Corp.
(a)
(b)
...............
188,622
4,235,507‌
Leggett
&
Platt,
Inc.
...................
3,185,685
29,754,298‌
LGI
Homes,
Inc.
(a)
(b)
...................
497,002
20,282,652‌
Lovesac
Co.
(The)
(a)
(b)
..................
319,109
4,426,042‌
M/I
Homes,
Inc.
(a)
(b)
....................
624,914
78,232,984‌
Meritage
Homes
Corp.
.................
1,690,932
114,239,366‌
Sonos,
Inc.
(b)
........................
2,820,047
48,420,207‌
Taylor
Morrison
Home
Corp.
(b)
............
2,334,020
138,337,365‌
Traeger,
Inc.
(b)
.......................
785,226
722,408‌
TRI
Pointe
Homes,
Inc.
(a)
(b)
..............
2,057,436
65,529,336‌
1,128,048,486‌
Household
Products
—
0.3%
Central
Garden
&
Pet
Co.
(b)
..............
248,299
7,615,330‌
Central
Garden
&
Pet
Co.
,
Class
A,
NVS
(b)
....
1,162,950
32,341,640‌
Energizer
Holdings,
Inc.
................
1,583,151
36,776,598‌
Oil-Dri
Corp.
of
America
................
241,116
13,355,415‌
Spectrum
Brands
Holdings,
Inc.
...........
577,059
31,091,939‌
WD-40
Co.
.........................
320,798
62,324,635‌
183,505,557‌
Independent
Power
and
Renewable
Electricity
Producers
—
0.3%
Hallador
Energy
Co.
(a)
(b)
.................
749,558
16,212,939‌
Montauk
Renewables,
Inc.
(a)
(b)
............
1,514,804
3,075,052‌
Ormat
Technologies,
Inc.
................
1,460,564
155,360,193‌
174,648,184‌
Industrial
Conglomerates
—
0.0%
Brookfield
Business
Corp.
,
Class
A
(a)
........
560,856
20,448,810‌
Industrial
REITs
—
0.4%
Industrial
Logistics
Properties
Trust
.........
1,319,897
6,969,056‌
Innovative
Industrial
Properties,
Inc.
........
667,054
33,452,758‌
LXP
Industrial
Trust
...................
7,020,857
66,627,933‌
One
Liberty
Properties,
Inc.
..............
428,302
8,604,587‌
Plymouth
Industrial
REIT,
Inc.
............
990,108
21,782,376‌
Terreno
Realty
Corp.
..................
2,450,884
140,019,003‌
277,455,713‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Insurance
—
1.9%
Abacus
Global
Management,
Inc.
(a)
(b)
........
932,014
$
4,678,710‌
Ambac
Financial
Group,
Inc.
(a)
(b)
...........
1,056,448
8,673,438‌
American
Coastal
Insurance
Corp.
.........
625,828
7,409,804‌
American
Integrity
Insurance
Group,
Inc.
(a)
(b)
...
144,168
3,435,523‌
AMERISAFE,
Inc.
....................
450,663
18,062,573‌
Aspen
Insurance
Holdings
Ltd.
,
Class
A
(a)
(b)
...
382,860
14,070,105‌
Ategrity
Specialty
Holdings
LLC
(a)
(b)
.........
146,224
2,841,132‌
Baldwin
Insurance
Group,
Inc.
(The)
,
Class
A
(a)
(b)
1,672,766
36,968,129‌
Bowhead
Specialty
Holdings,
Inc.
(a)
(b)
........
371,691
8,905,716‌
Citizens,
Inc.
,
Class
A
(a)
(b)
...............
1,052,934
5,864,842‌
CNO
Financial
Group,
Inc.
...............
2,339,574
93,629,752‌
Crawford
&
Co.
,
Class
A,
NVS
............
463,295
5,017,485‌
Donegal
Group,
Inc.
,
Class
A
.............
419,243
7,860,806‌
eHealth,
Inc.
(a)
(b)
......................
662,499
3,438,370‌
Employers
Holdings,
Inc.
................
580,902
22,149,793‌
F&G
Annuities
&
Life,
Inc.
...............
529,936
15,712,602‌
Fidelis
Insurance
Holdings
Ltd.
............
1,441,078
25,910,582‌
Genworth
Financial,
Inc.
,
Class
A
(b)
.........
9,958,476
84,049,538‌
GoHealth,
Inc.
,
Class
A
(a)
(b)
..............
116,180
460,073‌
Goosehead
Insurance,
Inc.
,
Class
A
........
573,525
39,383,962‌
Greenlight
Capital
Re
Ltd.
,
Class
A
(a)
(b)
.......
687,096
8,327,604‌
Hamilton
Insurance
Group
Ltd.
,
Class
B
(a)
(b)
...
1,091,420
25,833,911‌
HCI
Group,
Inc.
......................
246,964
50,383,126‌
Heritage
Insurance
Holdings,
Inc.
(b)
.........
550,064
12,998,012‌
Hippo
Holdings,
Inc.
(a)
(b)
.................
430,526
15,834,746‌
Horace
Mann
Educators
Corp.
............
1,000,499
44,732,310‌
Investors
Title
Co.
....................
34,741
8,983,675‌
James
River
Group
Holdings
Ltd.
..........
888,754
4,532,645‌
Kestrel
Group
Ltd.
(a)
...................
60,747
1,205,221‌
Kingstone
Cos.,
Inc.
(a)
..................
282,234
4,114,972‌
Kingsway
Financial
Services,
Inc.
(a)
(b)
........
484,880
6,904,691‌
Lemonade,
Inc.
(a)
(b)
....................
1,328,872
79,838,630‌
MBIA,
Inc.
(b)
........................
1,103,376
7,536,058‌
Mercury
General
Corp.
.................
649,836
50,232,323‌
NI
Holdings,
Inc.
(b)
....................
187,016
2,468,611‌
Oscar
Health,
Inc.
,
Class
A
(a)
(b)
............
4,639,704
83,514,672‌
Palomar
Holdings,
Inc.
(a)
(b)
...............
627,545
71,546,406‌
ProAssurance
Corp.
(b)
..................
1,221,438
29,253,440‌
Root,
Inc.
,
Class
A
(a)
(b)
..................
276,856
22,292,445‌
Safety
Insurance
Group,
Inc.
.............
349,550
24,024,572‌
Selective
Insurance
Group,
Inc.
...........
1,456,267
109,715,156‌
Selectquote,
Inc.
(b)
....................
3,314,464
6,894,085‌
SiriusPoint
Ltd.
(a)
(b)
....................
1,947,197
35,438,985‌
Skyward
Specialty
Insurance
Group,
Inc.
(a)
(b)
...
856,855
39,064,020‌
Slide
Insurance
Holdings,
Inc.
(a)
(b)
..........
630,661
10,084,269‌
Stewart
Information
Services
Corp.
.........
665,441
45,429,657‌
Tiptree,
Inc.
........................
587,169
10,398,763‌
Trupanion,
Inc.
(a)
(b)
....................
886,028
35,432,260‌
United
Fire
Group,
Inc.
.................
519,292
15,698,197‌
Universal
Insurance
Holdings,
Inc.
.........
638,390
19,675,180‌
1,290,911,577‌
Interactive
Media
&
Services
—
0.6%
Angi,
Inc.
(a)
(b)
........................
979,842
13,002,503‌
Arena
Group
Holdings,
Inc.
(The)
(a)
(b)
........
297,215
1,655,487‌
Bumble,
Inc.
,
Class
A
(a)
(b)
................
1,736,220
9,636,021‌
Cargurus,
Inc.
,
Class
A
(a)
(b)
...............
1,967,583
69,101,515‌
Cars.com,
Inc.
(a)
(b)
....................
1,382,447
14,847,481‌
EverQuote,
Inc.
,
Class
A
(b)
...............
653,056
14,066,826‌
fuboTV,
Inc.
(a)
(b)
......................
7,991,882
30,209,314‌
Getty
Images
Holdings,
Inc.
,
Class
A
(a)
(b)
.....
2,562,323
4,817,167‌
Grindr,
Inc.
(a)
(b)
.......................
805,528
11,164,618‌
MediaAlpha,
Inc.
,
Class
A
(b)
..............
809,828
10,325,307‌
Nextdoor
Holdings,
Inc.
,
Class
A
(b)
.........
5,062,120
9,871,134‌
QuinStreet,
Inc.
(b)
.....................
1,302,530
19,264,419‌
Security
Shares
Shares
Value
Interactive
Media
&
Services
(continued)
Rumble,
Inc.
,
Class
A
(a)
(b)
................
2,556,371
$
17,536,705‌
Shutterstock,
Inc.
.....................
583,653
14,608,835‌
Teads
Holding
Co.
(a)
(b)
..................
914,622
1,353,641‌
Travelzoo
(a)
(b)
........................
128,964
1,085,877‌
TripAdvisor,
Inc.
(a)
(b)
...................
2,777,891
44,612,929‌
TrueCar,
Inc.
(b)
.......................
1,970,385
4,334,847‌
Vimeo,
Inc.
(b)
........................
3,559,502
27,764,116‌
Webtoon
Entertainment,
Inc.
(a)
(b)
...........
429,100
7,522,123‌
Yelp,
Inc.
(b)
.........................
1,473,323
48,590,192‌
Ziff
Davis,
Inc.
(a)
(b)
.....................
995,551
33,749,179‌
ZipRecruiter,
Inc.
,
Class
A
(a)
(b)
.............
1,644,800
7,648,320‌
416,768,556‌
IT
Services
—
0.7%
Applied
Digital
Corp.
(a)
(b)
................
5,119,304
177,435,077‌
ASGN,
Inc.
(b)
........................
1,038,683
46,491,451‌
Backblaze,
Inc.
,
Class
A
(b)
...............
1,291,581
13,316,200‌
BigBear.ai
Holdings,
Inc.
(a)
(b)
..............
6,931,815
47,968,160‌
Commerce.com,
Inc.
(a)
(b)
................
1,614,632
7,475,746‌
Crexendo,
Inc.
(b)
.....................
315,637
2,042,171‌
CSP,
Inc.
..........................
135,775
1,811,238‌
DigitalOcean
Holdings,
Inc.
(a)
(b)
............
1,636,136
66,525,290‌
Fastly,
Inc.
,
Class
A
(a)
(b)
.................
3,299,012
27,348,809‌
Grid
Dynamics
Holdings,
Inc.
,
Class
A
(a)
(b)
....
1,604,840
14,989,206‌
Hackett
Group,
Inc.
(The)
...............
593,804
10,753,790‌
Information
Services
Group,
Inc.
...........
906,363
4,994,060‌
Rackspace
Technology,
Inc.
(b)
............
2,023,434
3,237,494‌
TSS,
Inc.
(a)
(b)
........................
452,614
9,169,960‌
Tucows,
Inc.
,
Class
A
(a)
(b)
................
167,467
3,208,668‌
Unisys
Corp.
(a)
(b)
......................
1,691,047
6,037,038‌
VTEX
,
Class
A
(a)
(b)
....................
1,371,938
6,160,002‌
448,964,360‌
Leisure
Products
—
0.4%
Acushnet
Holdings
Corp.
(a)
..............
659,045
50,963,950‌
American
Outdoor
Brands,
Inc.
(a)
(b)
.........
249,424
1,713,543‌
Clarus
Corp.
........................
647,880
2,163,919‌
Escalade,
Inc.
.......................
229,379
2,640,152‌
Funko,
Inc.
,
Class
A
(a)
(b)
.................
869,890
2,714,057‌
JAKKS
Pacific,
Inc.
...................
229,016
3,893,272‌
Johnson
Outdoors,
Inc.
,
Class
A
...........
121,619
4,953,542‌
Latham
Group,
Inc.
(b)
..................
1,075,680
7,798,680‌
Malibu
Boats,
Inc.
,
Class
A
(a)
(b)
............
443,329
12,355,579‌
Marine
Products
Corp.
.................
173,325
1,464,596‌
MasterCraft
Boat
Holdings,
Inc.
(a)
(b)
.........
389,073
7,804,804‌
Peloton
Interactive,
Inc.
,
Class
A
(a)
(b)
........
9,026,613
65,533,210‌
Polaris,
Inc.
.........................
1,271,156
84,023,412‌
Smith
&
Wesson
Brands,
Inc.
.............
1,049,265
10,057,205‌
Sturm
Ruger
&
Co.,
Inc.
................
382,238
16,210,714‌
Topgolf
Callaway
Brands
Corp.
(a)
(b)
.........
3,157,646
29,713,449‌
304,004,084‌
Life
Sciences
Tools
&
Services
—
0.4%
10X
Genomics,
Inc.
,
Class
A
(a)
(b)
...........
2,565,854
34,998,249‌
Adaptive
Biotechnologies
Corp.
(a)
(b)
.........
3,573,439
62,034,901‌
Alpha
Teknova,
Inc.
(a)
(b)
.................
246,995
1,296,724‌
Azenta,
Inc.
(a)
(b)
......................
970,694
29,314,959‌
BioLife
Solutions,
Inc.
(b)
.................
904,643
25,212,400‌
Codexis,
Inc.
(a)
(b)
.....................
1,972,918
4,675,816‌
CryoPort,
Inc.
(a)
(b)
.....................
1,164,799
10,762,743‌
Cytek
Biosciences,
Inc.
(b)
................
2,800,478
10,921,864‌
Fortrea
Holdings,
Inc.
(b)
.................
2,197,983
22,990,902‌
Ginkgo
Bioworks
Holdings,
Inc.
(a)
(b)
.........
930,845
12,091,677‌
Lifecore
Biomedical,
Inc.
(a)
(b)
..............
640,346
4,604,088‌
Maravai
LifeSciences
Holdings,
Inc.
,
Class
A
(b)
.
2,646,428
8,309,784‌
MaxCyte,
Inc.
(a)
(b)
.....................
2,437,183
3,753,262‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Life
Sciences
Tools
&
Services
(continued)
Mesa
Laboratories,
Inc.
................
123,142
$
8,852,678‌
Niagen
Bioscience,
Inc.
(a)
(b)
..............
1,274,528
9,609,941‌
OmniAb,
Inc.
(a)
(b)
.....................
2,315,619
3,589,210‌
OmniAb,
Inc.,
12.50
Earnout
Shares
(b)
(d)
......
130,676
1‌
OmniAb,
Inc.,
15.00
Earnout
Shares
(b)
(d)
......
130,676
1‌
Pacific
Biosciences
of
California,
Inc.
(a)
(b)
.....
6,699,709
15,677,319‌
Personalis,
Inc.
(a)
(b)
....................
1,206,858
11,634,111‌
Quanterix
Corp.
(a)
(b)
...................
1,000,452
5,342,414‌
Quantum-Si,
Inc.
,
Class
A
(a)
(b)
.............
3,765,949
8,096,790‌
Standard
BioTools,
Inc.
(a)
(b)
...............
7,220,667
8,664,800‌
302,434,634‌
Machinery
—
3.8%
3D
Systems
Corp.
(a)
(b)
..................
3,122,523
8,930,416‌
Aebi
Schmidt
Holding
AG
(a)
..............
865,895
9,654,729‌
AirJoule
Technologies
Corp.
(a)
(b)
...........
476,532
2,458,905‌
Alamo
Group,
Inc.
....................
245,948
43,955,827‌
Albany
International
Corp.
,
Class
A
.........
717,273
40,583,306‌
Astec
Industries,
Inc.
..................
550,490
25,614,300‌
Atmus
Filtration
Technologies,
Inc.
.........
1,991,226
90,560,959‌
Blue
Bird
Corp.
(a)
(b)
....................
757,385
37,838,955‌
CECO
Environmental
Corp.
(a)
(b)
...........
696,197
34,037,071‌
Chart
Industries,
Inc.
(b)
.................
1,081,070
215,803,193‌
Columbus
McKinnon
Corp.
..............
674,174
10,941,844‌
Douglas
Dynamics,
Inc.
................
539,231
16,300,953‌
Eastern
Co.
(The)
....................
121,577
2,595,669‌
Energy
Recovery,
Inc.
(a)
(b)
...............
1,273,613
21,791,518‌
Enerpac
Tool
Group
Corp.
,
Class
A
.........
1,286,917
52,815,074‌
Enpro,
Inc.
.........................
504,869
117,134,657‌
ESCO
Technologies,
Inc.
(a)
..............
621,340
136,365,490‌
Federal
Signal
Corp.
..................
1,435,166
169,392,643‌
Franklin
Electric
Co.,
Inc.
...............
946,112
89,663,034‌
Gencor
Industries,
Inc.
(b)
................
211,304
2,871,621‌
Gorman-Rupp
Co.
(The)
................
487,769
21,934,972‌
Graham
Corp.
(b)
......................
249,155
15,519,865‌
Greenbrier
Cos.,
Inc.
(The)
..............
728,730
30,439,052‌
Helios
Technologies,
Inc.
................
792,950
43,897,712‌
Hillenbrand,
Inc.
.....................
1,683,113
53,186,371‌
Hillman
Solutions
Corp.
(a)
(b)
..............
4,738,350
43,687,587‌
Hyster-Yale,
Inc.
,
Class
A
...............
286,950
10,312,983‌
JBT
Marel
Corp.
(a)
....................
1,247,345
157,290,205‌
Kadant,
Inc.
(a)
.......................
280,553
77,617,793‌
Kennametal,
Inc.
.....................
1,820,413
39,958,065‌
L
B
Foster
Co.
,
Class
A
(b)
................
234,626
6,428,752‌
Lindsay
Corp.
.......................
256,614
28,545,741‌
Luxfer
Holdings
plc
...................
612,312
7,470,206‌
Manitowoc
Co.,
Inc.
(The)
(a)
(b)
.............
825,859
8,398,986‌
Mayville
Engineering
Co.,
Inc.
(a)
(b)
..........
348,813
6,215,848‌
Microvast
Holdings,
Inc.
(a)
(b)
..............
4,752,352
25,900,318‌
Miller
Industries,
Inc.
..................
258,997
10,396,140‌
Mueller
Water
Products,
Inc.
,
Class
A
.......
3,719,833
95,450,915‌
Omega
Flex,
Inc.
.....................
72,029
1,991,602‌
Palladyne
AI
Corp.
(a)
(b)
..................
582,185
4,872,888‌
Park-Ohio
Holdings
Corp.
...............
226,973
4,682,453‌
Proto
Labs,
Inc.
(b)
.....................
570,633
28,394,698‌
REV
Group,
Inc.
(a)
....................
1,163,584
59,656,952‌
Richtech
Robotics,
Inc.
,
Class
B
(a)
(b)
........
1,648,255
7,944,589‌
SPX
Technologies,
Inc.
(b)
................
1,152,319
257,992,701‌
Standex
International
Corp.
..............
286,585
66,840,220‌
Tennant
Co.
........................
441,148
35,291,840‌
Terex
Corp.
.........................
1,545,834
71,139,281‌
Titan
International,
Inc.
(a)
(b)
...............
1,162,427
8,776,324‌
Trinity
Industries,
Inc.
..................
1,950,167
53,376,071‌
Wabash
National
Corp.
.................
991,047
7,948,197‌
Watts
Water
Technologies,
Inc.
,
Class
A
......
656,759
179,032,503‌
Security
Shares
Shares
Value
Machinery
(continued)
Worthington
Enterprises,
Inc.
.............
752,502
$
42,207,837‌
2,642,109,831‌
Marine
Transportation
—
0.2%
Costamare
Bulkers
Holdings
Ltd.
(a)
(b)
........
205,232
2,655,702‌
Costamare,
Inc.
......................
1,079,684
13,193,739‌
Genco
Shipping
&
Trading
Ltd.
............
815,732
13,900,073‌
Himalaya
Shipping
Ltd.
(a)
(b)
...............
677,142
5,308,793‌
Matson,
Inc.
........................
779,739
78,714,652‌
Pangaea
Logistics
Solutions
Ltd.
..........
731,410
3,620,480‌
Safe
Bulkers,
Inc.
....................
1,359,860
6,377,743‌
123,771,182‌
Media
—
0.9%
Advantage
Solutions,
Inc.
,
Class
A
(a)
(b)
.......
2,276,416
2,913,812‌
Altice
USA,
Inc.
,
Class
A
(a)
(b)
..............
6,313,689
14,079,526‌
AMC
Networks,
Inc.
,
Class
A
(b)
............
806,270
6,111,527‌
Boston
Omaha
Corp.
,
Class
A
(a)
(b)
..........
509,870
6,485,546‌
Cable
One,
Inc.
......................
123,752
18,383,360‌
EchoStar
Corp.
,
Class
A
(a)
(b)
..............
3,239,134
242,513,963‌
Emerald
Holding,
Inc.
..................
359,362
1,577,599‌
Entravision
Communications
Corp.
,
Class
A
...
1,447,244
2,995,795‌
EW
Scripps
Co.
(The)
,
Class
A
(a)
(b)
.........
1,538,081
3,737,537‌
Gambling.com
Group
Ltd.
(a)
(b)
.............
397,907
2,837,077‌
Gannett
Co.,
Inc.
(a)
(b)
...................
3,405,319
18,048,191‌
Gray
Media,
Inc.
.....................
2,126,446
9,717,858‌
Ibotta,
Inc.
,
Class
A
(a)
(b)
.................
336,380
10,851,619‌
iHeartMedia,
Inc.
,
Class
A
(a)
(b)
.............
2,864,494
8,507,547‌
Integral
Ad
Science
Holding
Corp.
(a)
(b)
.......
1,841,868
18,805,472‌
John
Wiley
&
Sons,
Inc.
,
Class
A
..........
983,274
36,253,312‌
Magnite,
Inc.
(a)
(b)
......................
3,345,296
59,813,893‌
National
CineMedia,
Inc.
................
1,573,339
6,954,158‌
Newsmax,
Inc.
(a)
(b)
....................
273,913
2,739,130‌
Nexxen
International
Ltd.
(b)
..............
910,568
7,484,869‌
PubMatic,
Inc.
,
Class
A
(a)
(b)
...............
1,017,464
8,505,999‌
Scholastic
Corp.
.....................
488,980
14,019,057‌
Sinclair,
Inc.
,
Class
A
..................
945,302
12,912,825‌
Stagwell,
Inc.
,
Class
A
(a)
(b)
...............
2,771,672
13,165,442‌
TechTarget,
Inc.
(a)
(b)
...................
713,126
3,915,062‌
TEGNA,
Inc.
........................
3,863,099
75,987,157‌
Thryv
Holdings,
Inc.
(a)
(b)
.................
899,813
6,937,558‌
WideOpenWest,
Inc.
(b)
.................
1,218,558
6,251,203‌
622,506,094‌
Metals
&
Mining
—
2.0%
Alpha
Metallurgical
Resources,
Inc.
(b)
.......
280,070
48,524,928‌
American
Battery
Technology
Co.
(a)
(b)
........
2,114,758
10,848,708‌
Ascent
Industries
Co.
(a)
(b)
................
143,288
1,742,382‌
Caledonia
Mining
Corp.
plc
..............
395,675
11,126,381‌
Century
Aluminum
Co.
(a)
(b)
...............
1,265,769
37,492,078‌
Coeur
Mining,
Inc.
(b)
...................
15,294,187
262,601,191‌
Commercial
Metals
Co.
.................
2,716,873
161,273,581‌
Compass
Minerals
International,
Inc.
(b)
.......
828,643
14,368,670‌
Constellium
SE
,
Class
A
(b)
...............
3,402,393
53,519,642‌
Contango
ORE,
Inc.
(a)
(b)
.................
197,884
4,246,591‌
Critical
Metals
Corp.
(a)
(b)
.................
771,637
9,984,983‌
Dakota
Gold
Corp.
(a)
(b)
..................
2,058,814
8,399,961‌
Ferroglobe
plc
.......................
2,904,302
14,085,865‌
Friedman
Industries,
Inc.
(a)
...............
129,327
2,746,905‌
Hecla
Mining
Co.
(a)
....................
14,328,324
184,405,530‌
Idaho
Strategic
Resources,
Inc.
(a)
(b)
.........
303,880
10,046,273‌
Ivanhoe
Electric,
Inc.
(a)
(b)
................
2,046,148
30,262,529‌
Kaiser
Aluminum
Corp.
.................
384,051
34,768,137‌
Lifezone
Metals
Ltd.
(a)
(b)
.................
682,715
3,393,093‌
Materion
Corp.
......................
493,568
56,577,700‌
Metallus,
Inc.
(a)
(b)
.....................
893,518
15,716,982‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Metals
&
Mining
(continued)
NioCorp
Developments
Ltd.
(a)
(b)
...........
1,660,125
$
12,235,121‌
Novagold
Resources,
Inc.
(b)
..............
7,245,414
60,064,482‌
Olympic
Steel,
Inc.
....................
227,167
8,405,179‌
Perpetua
Resources
Corp.
(a)
(b)
............
1,789,825
43,009,495‌
Ramaco
Resources,
Inc.
,
Class
A
(a)
(b)
.......
691,439
20,992,088‌
Ryerson
Holding
Corp.
.................
650,913
14,359,141‌
SSR
Mining,
Inc.
(b)
....................
4,867,428
109,809,176‌
SunCoke
Energy,
Inc.
..................
2,047,854
16,403,310‌
Tredegar
Corp.
(a)
(b)
....................
648,411
4,480,520‌
United
States
Antimony
Corp.
(a)
(b)
..........
2,224,090
17,948,406‌
US
Gold
Corp.
(a)
(b)
....................
300,300
4,600,596‌
Vox
Royalty
Corp.
....................
998,222
4,262,408‌
Warrior
Met
Coal,
Inc.
(a)
.................
1,245,571
84,499,537‌
Worthington
Steel,
Inc.
.................
792,301
25,345,709‌
1,402,547,278‌
Mortgage
Real
Estate
Investment
Trusts
(REITs)
—
0.8%
ACRES
Commercial
Realty
Corp.
(a)
(b)
.......
141,231
2,965,851‌
Adamas
Trust,
Inc.
....................
2,044,945
13,639,783‌
Advanced
Flower
Capital,
Inc.
............
447,032
1,452,854‌
AG
Mortgage
Investment
Trust,
Inc.
........
707,552
5,051,921‌
Angel
Oak
Mortgage
REIT,
Inc.
...........
300,611
2,726,542‌
Apollo
Commercial
Real
Estate
Finance,
Inc.
..
3,392,478
33,212,360‌
Arbor
Realty
Trust,
Inc.
.................
3,837,200
38,717,348‌
Ares
Commercial
Real
Estate
Corp.
........
1,286,796
5,739,110‌
ARMOUR
Residential
REIT,
Inc.
...........
2,654,970
43,063,613‌
Blackstone
Mortgage
Trust,
Inc.
,
Class
A
.....
3,929,682
72,620,523‌
BrightSpire
Capital,
Inc.
,
Class
A
..........
3,147,571
16,241,466‌
Chicago
Atlantic
Real
Estate
Finance,
Inc.
....
415,155
5,338,893‌
Chimera
Investment
Corp.
...............
1,957,567
24,978,555‌
Claros
Mortgage
Trust,
Inc.
(b)
.............
2,212,372
7,079,590‌
Dynex
Capital,
Inc.
....................
3,089,180
40,900,743‌
Ellington
Financial,
Inc.
.................
2,215,411
29,509,275‌
Franklin
BSP
Realty
Trust,
Inc.
............
2,013,185
20,413,696‌
Invesco
Mortgage
Capital,
Inc.
............
1,739,274
13,096,733‌
KKR
Real
Estate
Finance
Trust,
Inc.
........
1,400,988
11,404,042‌
Ladder
Capital
Corp.
,
Class
A
............
2,887,538
30,521,277‌
Lument
Finance
Trust,
Inc.
(a)
.............
663,274
1,034,708‌
MFA
Financial,
Inc.
....................
2,518,173
22,638,375‌
Nexpoint
Real
Estate
Finance,
Inc.
.........
217,267
2,833,162‌
Orchid
Island
Capital,
Inc.
...............
3,042,301
21,995,836‌
PennyMac
Mortgage
Investment
Trust
.......
2,119,183
25,514,963‌
Ready
Capital
Corp.
...................
4,004,380
11,732,834‌
Redwood
Trust,
Inc.
...................
3,256,828
17,293,757‌
Rithm
Property
Trust,
Inc.
...............
613,852
1,638,985‌
Seven
Hills
Realty
Trust
................
359,760
3,403,330‌
Sunrise
Realty
Trust,
Inc.
...............
246,849
2,438,868‌
TPG
RE
Finance
Trust,
Inc.
..............
1,716,457
14,847,353‌
Two
Harbors
Investment
Corp.
............
2,529,118
24,583,027‌
568,629,373‌
Multi-Utilities
—
0.4%
Avista
Corp.
........................
1,920,036
73,057,370‌
Black
Hills
Corp.
.....................
1,742,892
110,551,640‌
Northwestern
Energy
Group,
Inc.
..........
1,473,160
87,903,457‌
Unitil
Corp.
.........................
375,383
18,299,921‌
289,812,388‌
Office
REITs
—
0.6%
Brandywine
Realty
Trust
................
4,146,299
14,221,806‌
City
Office
REIT,
Inc.
..................
986,309
6,805,532‌
COPT
Defense
Properties
...............
2,753,084
77,554,376‌
Douglas
Emmett,
Inc.
..................
3,216,345
41,619,504‌
Easterly
Government
Properties,
Inc.
.......
992,194
21,451,234‌
Empire
State
Realty
Trust,
Inc.
,
Class
A
......
3,374,463
24,937,282‌
Franklin
Street
Properties
Corp.
...........
2,153,613
2,584,336‌
Security
Shares
Shares
Value
Office
REITs
(continued)
Hudson
Pacific
Properties,
Inc.
(b)
..........
8,918,849
$
21,761,991‌
JBG
SMITH
Properties
.................
1,509,810
29,426,197‌
NET
Lease
Office
Properties
.............
382,422
11,224,086‌
Paramount
Group,
Inc.
(b)
................
4,516,429
29,537,446‌
Peakstone
Realty
Trust
,
Class
E
..........
901,185
12,175,009‌
Piedmont
Realty
Trust,
Inc.
,
Class
A
........
3,013,703
24,290,446‌
Postal
Realty
Trust,
Inc.
,
Class
A
..........
546,119
8,088,022‌
SL
Green
Realty
Corp.
.................
1,722,302
88,440,208‌
414,117,475‌
Oil,
Gas
&
Consumable
Fuels
—
3.3%
Ardmore
Shipping
Corp.
................
817,360
10,290,562‌
Berry
Corp.
.........................
1,856,722
6,257,153‌
BKV
Corp.
(a)
(b)
.......................
397,150
9,368,769‌
California
Resources
Corp.
..............
1,623,883
76,598,561‌
Calumet,
Inc.
(a)
(b)
.....................
1,650,597
32,285,677‌
Centrus
Energy
Corp.
,
Class
A
(a)
(b)
.........
375,544
137,997,398‌
Clean
Energy
Fuels
Corp.
(b)
..............
4,154,462
11,881,761‌
CMB
Tech
NV
.......................
2
19‌
CNX
Resources
Corp.
(a)
(b)
...............
3,268,444
110,015,825‌
Comstock
Resources,
Inc.
(b)
..............
1,779,043
33,357,056‌
Core
Natural
Resources,
Inc.
(a)
............
1,245,471
98,392,209‌
Crescent
Energy,
Inc.
,
Class
A
............
4,251,971
35,844,116‌
CVR
Energy,
Inc.
(b)
....................
743,569
26,463,621‌
Delek
US
Holdings,
Inc.
................
1,426,921
53,880,537‌
DHT
Holdings,
Inc.
....................
3,029,169
40,227,364‌
Diversified
Energy
Co.
plc
(c)
..............
1,378,611
17,439,429‌
Dorian
LPG
Ltd.
......................
891,132
25,709,158‌
Empire
Petroleum
Corp.
(a)
(b)
..............
313,278
942,967‌
Encore
Energy
Corp.
(a)
(b)
................
4,405,008
13,611,475‌
Energy
Fuels,
Inc.
(a)
(b)
..................
5,123,278
105,078,432‌
Epsilon
Energy
Ltd.
...................
354,224
1,700,275‌
Evolution
Petroleum
Corp.
...............
649,155
2,843,299‌
Excelerate
Energy,
Inc.
,
Class
A
...........
560,919
14,533,411‌
FLEX
LNG
Ltd.
(b)
.....................
737,704
19,158,173‌
FutureFuel
Corp.
.....................
600,637
2,360,503‌
Gevo,
Inc.
(a)
(b)
.......................
5,532,782
12,946,710‌
Golar
LNG
Ltd.
......................
2,380,554
97,721,742‌
Granite
Ridge
Resources,
Inc.
............
1,280,187
6,759,387‌
Green
Plains,
Inc.
(a)
(b)
..................
1,528,410
15,712,055‌
Gulfport
Energy
Corp.
(a)
(b)
...............
379,809
70,648,272‌
HighPeak
Energy,
Inc.
(a)
................
448,679
2,983,715‌
Infinity
Natural
Resources,
Inc.
,
Class
A
(a)
(b)
...
355,196
4,077,650‌
International
Seaways,
Inc.
..............
959,775
49,169,273‌
Kinetik
Holdings,
Inc.
,
Class
A
(a)
...........
1,056,639
40,691,168‌
Kolibri
Global
Energy,
Inc.
(a)
(b)
.............
755,213
3,300,281‌
Kosmos
Energy
Ltd.
(a)
(b)
.................
11,384,102
17,873,040‌
Lightbridge
Corp.
(a)
(b)
...................
509,766
13,677,022‌
Magnolia
Oil
&
Gas
Corp.
,
Class
A
.........
4,454,862
100,056,201‌
Murphy
Oil
Corp.
.....................
3,234,028
91,522,992‌
NACCO
Industries,
Inc.
,
Class
A
...........
87,278
3,690,114‌
Navigator
Holdings
Ltd.
.................
763,810
12,557,036‌
New
Fortress
Energy,
Inc.
,
Class
A
(a)
(b)
.......
4,032,876
5,202,410‌
NextDecade
Corp.
(a)
(b)
..................
3,196,170
18,953,288‌
NextNRG,
Inc.
(a)
(b)
....................
447,937
891,395‌
Nordic
American
Tankers
Ltd.
............
4,807,996
17,693,425‌
Northern
Oil
&
Gas,
Inc.
................
2,327,301
51,503,171‌
OPAL
Fuels,
Inc.
,
Class
A
(a)
(b)
.............
358,274
863,440‌
Par
Pacific
Holdings,
Inc.
(b)
..............
1,216,643
48,641,387‌
PBF
Energy,
Inc.
,
Class
A
...............
2,002,876
68,438,273‌
Peabody
Energy
Corp.
.................
2,924,527
80,190,530‌
Prairie
Operating
Co.
(a)
(b)
................
474,090
971,885‌
PrimeEnergy
Resources
Corp.
(a)
(b)
..........
8,443
1,141,831‌
REX
American
Resources
Corp.
(b)
.........
707,653
22,666,126‌
Riley
Exploration
Permian,
Inc.
............
311,982
8,117,772‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Oil,
Gas
&
Consumable
Fuels
(continued)
Sable
Offshore
Corp.
,
Class
A
(a)
(b)
..........
1,820,464
$
19,042,054‌
SandRidge
Energy,
Inc.
................
879,899
10,479,597‌
Scorpio
Tankers,
Inc.
..................
1,064,888
65,703,590‌
SFL
Corp.
Ltd.
.......................
2,888,767
21,550,202‌
SM
Energy
Co.
......................
2,753,759
57,526,026‌
Summit
Midstream
Corp.
(a)
(b)
.............
220,775
4,839,388‌
Talos
Energy,
Inc.
(a)
(b)
..................
2,892,316
28,373,620‌
Teekay
Corp.
Ltd.
....................
1,287,324
12,384,057‌
Teekay
Tankers
Ltd.
,
Class
A
.............
574,686
35,055,846‌
Uranium
Energy
Corp.
(a)
(b)
...............
10,159,522
153,713,568‌
VAALCO
Energy,
Inc.
..................
2,525,575
9,925,510‌
Verde
Clean
Fuels,
Inc.
,
Class
A
(a)
(b)
........
82,607
274,255‌
Vital
Energy,
Inc.
(a)
(b)
...................
720,261
11,315,300‌
Vitesse
Energy,
Inc.
(a)
..................
691,750
15,045,563‌
W&T
Offshore,
Inc.
(a)
..................
2,413,071
5,067,449‌
World
Kinect
Corp.
....................
1,323,641
34,216,120‌
XCF
Global,
Inc.
,
Class
A
(a)
(b)
.............
520,547
458,862‌
2,239,870,348‌
Paper
&
Forest
Products
—
0.1%
Clearwater
Paper
Corp.
(a)
(b)
..............
375,066
6,619,915‌
Magnera
Corp.
(a)
(b)
....................
790,795
7,188,326‌
Sylvamo
Corp.
......................
830,065
33,700,639‌
47,508,880‌
Passenger
Airlines
—
0.5%
(b)
Allegiant
Travel
Co.
...................
344,574
21,425,611‌
Frontier
Group
Holdings,
Inc.
(a)
............
2,027,413
7,825,814‌
JetBlue
Airways
Corp.
(a)
................
7,892,536
33,148,651‌
Joby
Aviation,
Inc.
,
Class
A
(a)
.............
11,017,387
191,041,491‌
SkyWest,
Inc.
(a)
......................
968,913
97,356,378‌
Sun
Country
Airlines
Holdings,
Inc.
(a)
........
1,231,303
15,120,401‌
365,918,346‌
Personal
Care
Products
—
0.2%
Beauty
Health
Co.
(The)
,
Class
A
(a)
(b)
........
2,687,622
3,843,299‌
Edgewell
Personal
Care
Co.
.............
1,084,435
21,027,195‌
FitLife
Brands,
Inc.
(a)
(b)
..................
65,915
1,260,295‌
Herbalife
Ltd.
(a)
(b)
.....................
2,438,547
19,508,376‌
Honest
Co.,
Inc.
(The)
(a)
(b)
...............
2,217,458
7,561,532‌
Interparfums,
Inc.
.....................
436,627
38,925,297‌
Lifevantage
Corp.
(a)
...................
239,170
1,958,802‌
Medifast,
Inc.
(a)
(b)
.....................
266,494
3,203,258‌
Nature's
Sunshine
Products,
Inc.
(a)
(b)
........
392,322
5,288,501‌
Nu
Skin
Enterprises,
Inc.
,
Class
A
..........
1,191,111
12,768,710‌
Olaplex
Holdings,
Inc.
(a)
(b)
...............
3,281,132
3,412,377‌
USANA
Health
Sciences,
Inc.
(b)
...........
267,987
5,667,925‌
Waldencast
plc
,
Class
A
(b)
...............
890,109
1,611,097‌
126,036,664‌
Pharmaceuticals
—
2.2%
Aardvark
Therapeutics,
Inc.
(a)
(b)
............
116,729
1,247,833‌
Aclaris
Therapeutics,
Inc.
(a)
(b)
.............
2,110,392
5,318,188‌
Alumis,
Inc.
(a)
(b)
......................
1,310,062
6,222,795‌
Amneal
Pharmaceuticals,
Inc.
,
Class
A
(b)
.....
3,624,551
39,217,642‌
Amphastar
Pharmaceuticals,
Inc.
(a)
(b)
........
889,245
22,675,748‌
Amylyx
Pharmaceuticals,
Inc.
(a)
(b)
..........
1,655,829
23,065,698‌
ANI
Pharmaceuticals,
Inc.
(a)
(b)
.............
433,537
39,278,452‌
Aquestive
Therapeutics,
Inc.
(a)
(b)
...........
2,058,170
14,036,719‌
Arvinas,
Inc.
(a)
(b)
......................
1,574,785
15,968,320‌
Atea
Pharmaceuticals,
Inc.
(a)
(b)
............
1,775,013
5,768,792‌
Avadel
Pharmaceuticals
plc
,
ADR
(a)
(b)
.......
2,136,271
40,354,159‌
Axsome
Therapeutics,
Inc.
(a)
(b)
............
965,380
130,316,646‌
BioAge
Labs,
Inc.
(b)
...................
562,931
4,261,388‌
Biote
Corp.
,
Class
A
(a)
(b)
.................
665,224
1,909,193‌
Collegium
Pharmaceutical,
Inc.
(a)
(b)
.........
765,298
27,550,728‌
Security
Shares
Shares
Value
Pharmaceuticals
(continued)
CorMedix,
Inc.
(a)
(b)
....................
1,691,250
$
18,823,613‌
Crinetics
Pharmaceuticals,
Inc.
(a)
(b)
.........
2,154,436
93,717,966‌
Edgewise
Therapeutics,
Inc.
(a)
(b)
...........
1,605,312
29,345,103‌
Enliven
Therapeutics,
Inc.
(a)
(b)
.............
990,641
23,200,812‌
Esperion
Therapeutics,
Inc.
(a)
(b)
............
4,797,384
14,248,231‌
Eton
Pharmaceuticals,
Inc.
(a)
(b)
............
618,762
11,143,904‌
Evolus,
Inc.
(a)
(b)
......................
1,410,589
9,112,405‌
EyePoint
Pharmaceuticals,
Inc.
(a)
(b)
.........
1,394,740
18,257,147‌
Fulcrum
Therapeutics,
Inc.
(a)
(b)
............
1,057,353
9,251,839‌
Harmony
Biosciences
Holdings,
Inc.
(a)
(b)
......
1,046,261
29,891,677‌
Harrow,
Inc.
(a)
(b)
......................
751,657
28,390,085‌
Indivior
plc
(a)
(b)
.......................
2,901,238
85,209,360‌
Innoviva,
Inc.
(b)
......................
1,482,454
26,980,663‌
Journey
Medical
Corp.
(a)
(b)
...............
269,049
2,184,678‌
LENZ
Therapeutics,
Inc.
(a)
(b)
..............
386,311
11,481,163‌
Ligand
Pharmaceuticals,
Inc.
(a)
(b)
...........
454,990
87,044,137‌
Liquidia
Corp.
(a)
(b)
.....................
1,536,090
37,419,152‌
Maze
Therapeutics,
Inc.
(a)
(b)
..............
468,717
15,425,476‌
MBX
Biosciences,
Inc.
(a)
(b)
...............
367,969
8,080,599‌
MediWound
Ltd.
(a)
(b)
...................
183,218
3,358,386‌
Mind
Medicine
MindMed,
Inc.
(a)
(b)
..........
1,808,456
25,680,075‌
Nuvation
Bio,
Inc.
,
Class
A
(a)
(b)
............
5,956,801
31,094,501‌
Ocular
Therapeutix,
Inc.
(a)
(b)
..............
4,181,855
48,760,429‌
Omeros
Corp.
(a)
(b)
.....................
1,545,619
11,329,387‌
Pacira
BioSciences,
Inc.
(a)
(b)
..............
1,100,789
23,534,869‌
Phathom
Pharmaceuticals,
Inc.
(a)
(b)
.........
1,009,966
13,685,039‌
Phibro
Animal
Health
Corp.
,
Class
A
........
488,633
20,551,904‌
Prestige
Consumer
Healthcare,
Inc.
(a)
(b)
......
1,175,945
71,262,267‌
Rapport
Therapeutics,
Inc.
(a)
(b)
............
424,830
12,290,332‌
Septerna,
Inc.
(a)
(b)
.....................
514,219
10,592,911‌
SIGA
Technologies,
Inc.
................
1,001,817
8,295,045‌
Supernus
Pharmaceuticals,
Inc.
(b)
..........
1,286,694
70,935,440‌
Tarsus
Pharmaceuticals,
Inc.
(a)
(b)
...........
933,038
64,202,345‌
Terns
Pharmaceuticals,
Inc.
(a)
(b)
...........
1,719,604
14,203,929‌
Theravance
Biopharma,
Inc.
(a)
(b)
...........
913,418
13,390,708‌
Third
Harmonic
Bio,
Inc.
(b)
(d)
..............
603,448
18,103‌
Trevi
Therapeutics,
Inc.
(a)
(b)
..............
2,092,448
24,397,944‌
Tvardi
Therapeutics,
Inc.
(a)
(b)
.............
152,679
709,957‌
WaVe
Life
Sciences
Ltd.
(a)
(b)
..............
2,662,765
24,071,396‌
Xeris
Biopharma
Holdings,
Inc.
(a)
(b)
.........
3,673,812
35,635,976‌
Zevra
Therapeutics,
Inc.
(a)
(b)
..............
1,300,397
13,238,041‌
1,477,639,295‌
Professional
Services
—
1.7%
Alight,
Inc.
,
Class
A
...................
10,344,280
29,791,526‌
Asure
Software,
Inc.
(a)
(b)
.................
588,958
5,212,278‌
Barrett
Business
Services,
Inc.
............
589,389
23,852,573‌
BlackSky
Technology,
Inc.
,
Class
A
(a)
(b)
.......
747,404
15,785,172‌
CBIZ,
Inc.
(a)
(b)
........................
1,176,742
64,720,810‌
Conduent,
Inc.
(b)
.....................
3,789,412
9,018,801‌
CRA
International,
Inc.
.................
157,942
30,086,372‌
CSG
Systems
International,
Inc.
...........
680,542
53,266,022‌
Exponent,
Inc.
.......................
1,203,735
85,236,475‌
First
Advantage
Corp.
(a)
(b)
...............
1,892,247
23,899,080‌
Forrester
Research,
Inc.
(b)
...............
281,438
2,006,653‌
Franklin
Covey
Co.
(a)
(b)
.................
255,374
4,336,250‌
Heidrick
&
Struggles
International,
Inc.
......
490,625
28,637,781‌
HireQuest,
Inc.
......................
102,294
872,568‌
Huron
Consulting
Group,
Inc.
(a)
(b)
..........
407,706
67,043,175‌
IBEX
Holdings
Ltd.
(a)
(b)
.................
264,876
9,898,416‌
ICF
International,
Inc.
..................
440,163
35,336,286‌
Innodata,
Inc.
(a)
(b)
.....................
735,013
54,839,320‌
Insperity,
Inc.
........................
860,175
37,950,921‌
Kelly
Services,
Inc.
,
Class
A,
NVS
.........
758,839
8,506,585‌
Kforce,
Inc.
.........................
425,584
10,767,275‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Professional
Services
(continued)
Korn
Ferry
.........................
1,238,948
$
80,159,936‌
Legalzoom.com,
Inc.
(b)
.................
2,838,942
28,304,252‌
Maximus,
Inc.
.......................
1,353,104
112,470,004‌
Mistras
Group,
Inc.
(b)
..................
386,802
3,690,091‌
Planet
Labs
PBC
,
Class
A
(a)
(b)
.............
5,582,562
75,085,459‌
RCM
Technologies,
Inc.
(a)
(b)
..............
103,989
2,402,146‌
Resolute
Holdings
Management,
Inc.
(a)
(b)
.....
103,211
7,602,522‌
Resources
Connection,
Inc.
..............
812,905
3,576,782‌
Skillsoft
Corp.
,
Class
A
(a)
(b)
...............
97,537
1,280,661‌
Spire
Global,
Inc.
,
Class
A
(a)
(b)
............
649,911
7,071,032‌
TIC
Solutions,
Inc.
(a)
(b)
..................
4,072,915
49,404,459‌
TriNet
Group,
Inc.
....................
715,280
42,916,800‌
TrueBlue,
Inc.
(a)
(b)
.....................
714,828
3,388,285‌
TTEC
Holdings,
Inc.
(b)
..................
519,306
1,812,378‌
Upwork,
Inc.
(a)
(b)
......................
2,943,533
46,919,916‌
Verra
Mobility
Corp.
,
Class
A
(b)
............
3,834,881
89,007,588‌
Willdan
Group,
Inc.
(b)
..................
330,697
31,254,173‌
1,187,410,823‌
Real
Estate
Management
&
Development
—
0.6%
American
Realty
Investors,
Inc.
(b)
..........
29,659
467,129‌
Anywhere
Real
Estate,
Inc.
(a)
(b)
............
2,544,344
25,570,657‌
Compass,
Inc.
,
Class
A
(a)
(b)
..............
11,183,576
86,225,371‌
Cushman
&
Wakefield
plc
(b)
..............
3,370,926
52,923,538‌
Douglas
Elliman,
Inc.
(b)
.................
1,784,167
4,406,893‌
eXp
World
Holdings,
Inc.
(a)
...............
2,135,226
21,864,714‌
Forestar
Group,
Inc.
(a)
(b)
.................
467,917
12,170,521‌
FRP
Holdings,
Inc.
(a)
(b)
..................
278,353
6,596,966‌
Kennedy-Wilson
Holdings,
Inc.
............
2,919,193
22,069,099‌
Marcus
&
Millichap,
Inc.
................
590,549
17,249,936‌
Maui
Land
&
Pineapple
Co.,
Inc.
(a)
(b)
........
169,530
2,712,480‌
Newmark
Group,
Inc.
,
Class
A
............
3,737,456
66,638,841‌
RE/MAX
Holdings,
Inc.
,
Class
A
(b)
..........
449,820
3,567,073‌
Real
Brokerage,
Inc.
(The)
(a)
(b)
............
2,597,366
9,662,202‌
RMR
Group,
Inc.
(The)
,
Class
A
...........
388,940
6,016,902‌
Seaport
Entertainment
Group,
Inc.
(a)
(b)
.......
177,716
4,277,624‌
St.
Joe
Co.
(The)
.....................
923,785
52,452,512‌
Stratus
Properties,
Inc.
(b)
................
142,235
2,672,596‌
Tejon
Ranch
Co.
(a)
(b)
...................
500,265
7,914,192‌
Transcontinental
Realty
Investors,
Inc.
(b)
.....
36,282
1,626,159‌
407,085,405‌
Residential
REITs
—
0.4%
Apartment
Investment
&
Management
Co.
,
Class
A
.............................
3,168,780
16,857,910‌
BRT
Apartments
Corp.
.................
283,572
4,171,344‌
Centerspace
........................
403,289
23,894,873‌
Clipper
Realty,
Inc.
....................
314,009
1,221,495‌
Elme
Communities
....................
2,111,578
34,735,458‌
Independence
Realty
Trust,
Inc.
...........
5,651,771
90,032,712‌
NexPoint
Residential
Trust,
Inc.
...........
544,015
16,684,940‌
UMH
Properties,
Inc.
..................
1,896,934
27,581,420‌
Veris
Residential,
Inc.
..................
1,936,861
27,813,324‌
242,993,476‌
Retail
REITs
—
1.1%
Acadia
Realty
Trust
(a)
..................
3,186,659
60,769,587‌
Alexander's,
Inc.
.....................
51,794
11,442,848‌
CBL
&
Associates
Properties,
Inc.
..........
459,878
13,598,592‌
Curbline
Properties
Corp.
...............
2,351,299
54,220,955‌
FrontView
REIT,
Inc.
...................
446,359
5,936,575‌
Getty
Realty
Corp.
....................
1,256,225
34,458,252‌
InvenTrust
Properties
Corp.
..............
1,916,047
52,499,688‌
Kite
Realty
Group
Trust
.................
5,329,970
118,005,536‌
Macerich
Co.
(The)
...................
6,097,852
104,578,162‌
NETSTREIT
Corp.
....................
2,271,946
42,303,634‌
Security
Shares
Shares
Value
Retail
REITs
(continued)
Phillips
Edison
&
Co.,
Inc.
...............
3,049,841
$
103,206,619‌
Saul
Centers,
Inc.
....................
272,582
8,071,153‌
SITE
Centers
Corp.
...................
1,250,478
9,166,004‌
Tanger,
Inc.
.........................
2,691,600
87,638,496‌
Urban
Edge
Properties
.................
3,107,266
59,752,725‌
Whitestone
REIT
.....................
1,124,305
14,098,785‌
779,747,611‌
Semiconductors
&
Semiconductor
Equipment
—
3.9%
ACM
Research,
Inc.
,
Class
A
(a)
(b)
...........
1,205,771
49,991,266‌
Aehr
Test
Systems
(a)
(b)
..................
687,226
17,861,004‌
Aeluma,
Inc.
(a)
(b)
......................
240,217
3,917,939‌
Alpha
&
Omega
Semiconductor
Ltd.
(a)
(b)
......
601,800
16,886,508‌
Ambarella,
Inc.
(a)
(b)
....................
972,936
82,923,335‌
Ambiq
Micro,
Inc.
(a)
(b)
..................
112,042
3,424,004‌
Atomera,
Inc.
(a)
(b)
.....................
721,601
2,280,259‌
Axcelis
Technologies,
Inc.
(a)
(b)
.............
770,564
61,306,072‌
Blaize
Holdings,
Inc.
(a)
(b)
................
1,789,928
6,998,619‌
CEVA,
Inc.
(a)
(b)
.......................
557,886
15,180,078‌
Cohu,
Inc.
(a)
(b)
.......................
1,083,480
25,775,989‌
Credo
Technology
Group
Holding
Ltd.
(b)
......
3,537,403
663,687,551‌
Diodes,
Inc.
(a)
(b)
......................
1,098,902
58,637,411‌
FormFactor,
Inc.
(a)
(b)
...................
1,859,176
102,161,721‌
Ichor
Holdings
Ltd.
(b)
...................
815,294
18,490,868‌
Impinj,
Inc.
(a)
(b)
.......................
619,755
125,289,671‌
indie
Semiconductor,
Inc.
,
Class
A
(a)
(b)
.......
4,645,804
24,994,426‌
Kopin
Corp.
(a)
(b)
......................
3,837,929
13,279,234‌
Kulicke
&
Soffa
Industries,
Inc.
............
1,233,055
49,235,886‌
MaxLinear,
Inc.
(a)
(b)
....................
1,953,208
29,591,101‌
Navitas
Semiconductor
Corp.
(a)
(b)
..........
3,202,036
43,099,405‌
NVE
Corp.
.........................
112,203
7,747,617‌
PDF
Solutions,
Inc.
(a)
(b)
.................
761,218
22,174,280‌
Penguin
Solutions,
Inc.
(a)
(b)
...............
1,307,085
29,108,783‌
Photronics,
Inc.
(b)
.....................
1,400,298
33,467,122‌
Power
Integrations,
Inc.
................
1,347,255
56,436,512‌
Rambus,
Inc.
(b)
......................
2,580,537
265,382,425‌
Rigetti
Computing,
Inc.
(a)
(b)
...............
7,629,014
337,736,450‌
Semtech
Corp.
(a)
(b)
....................
2,081,778
141,269,455‌
Silicon
Laboratories,
Inc.
(b)
...............
770,726
101,026,764‌
SiTime
Corp.
(a)
(b)
.....................
509,227
147,492,508‌
SkyWater
Technology,
Inc.
(a)
(b)
............
637,836
11,152,562‌
Synaptics,
Inc.
(a)
(b)
....................
919,462
65,226,634‌
Ultra
Clean
Holdings,
Inc.
(a)
(b)
.............
1,066,747
29,239,535‌
Veeco
Instruments,
Inc.
(a)
(b)
..............
1,366,686
39,292,223‌
2,701,765,217‌
Software
—
6.4%
8x8,
Inc.
(a)
(b)
.........................
3,169,883
5,832,585‌
A10
Networks,
Inc.
....................
1,709,090
30,490,166‌
ACI
Worldwide,
Inc.
(b)
..................
2,529,810
120,494,850‌
Adeia,
Inc.
.........................
2,620,865
44,659,540‌
Agilysys,
Inc.
(a)
(b)
.....................
617,172
77,430,399‌
Airship
AI
Holdings,
Inc.
(a)
(b)
..............
517,736
2,459,246‌
Alarm.com
Holdings,
Inc.
(a)
(b)
.............
1,135,828
55,905,454‌
Alkami
Technology,
Inc.
(a)
(b)
..............
1,631,484
33,102,810‌
Amplitude,
Inc.
,
Class
A
(b)
...............
2,140,604
21,513,070‌
Appian
Corp.
,
Class
A
(b)
................
943,122
28,227,641‌
Arteris,
Inc.
(a)
(b)
.......................
685,148
9,324,864‌
Asana,
Inc.
,
Class
A
(a)
(b)
.................
2,063,182
28,987,707‌
AudioEye,
Inc.
(a)
(b)
....................
194,680
2,992,232‌
AvePoint,
Inc.
,
Class
A
(a)
(b)
...............
3,180,804
44,753,912‌
Bit
Digital,
Inc.
(a)
(b)
.....................
7,627,886
27,918,063‌
Bitdeer
Technologies
Group
,
Class
A
(a)
(b)
.....
2,150,683
47,745,163‌
Blackbaud,
Inc.
(b)
.....................
912,381
58,428,879‌
BlackLine,
Inc.
(a)
(b)
....................
1,242,562
71,136,675‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Software
(continued)
Blend
Labs,
Inc.
,
Class
A
(a)
(b)
.............
5,063,278
$
16,759,450‌
Box,
Inc.
,
Class
A
(a)
(b)
..................
3,356,138
107,698,468‌
Braze,
Inc.
,
Class
A
(a)
(b)
.................
1,901,135
54,486,529‌
C3.ai,
Inc.
,
Class
A
(a)
(b)
.................
2,932,470
51,552,823‌
Cerence,
Inc.
(a)
(b)
.....................
971,331
10,422,382‌
Cipher
Mining,
Inc.
(a)
(b)
..................
6,337,193
118,188,649‌
Cleanspark,
Inc.
(a)
(b)
...................
6,630,218
118,017,880‌
Clear
Secure,
Inc.
,
Class
A
..............
2,003,961
61,060,692‌
Clearwater
Analytics
Holdings,
Inc.
,
Class
A
(a)
(b)
.
5,895,383
108,534,001‌
Commvault
Systems,
Inc.
(b)
..............
1,068,765
148,793,463‌
Consensus
Cloud
Solutions,
Inc.
(a)
(b)
........
471,890
13,835,815‌
Core
Scientific,
Inc.
(a)
(b)
.................
6,793,878
146,340,132‌
CS
Disco,
Inc.
(b)
......................
620,101
3,919,038‌
Daily
Journal
Corp.
(a)
(b)
.................
30,086
12,186,033‌
Digimarc
Corp.
(a)
(b)
....................
380,252
3,699,852‌
Digital
Turbine,
Inc.
(a)
(b)
.................
2,508,910
15,655,598‌
Domo,
Inc.
,
Class
B
(a)
(b)
.................
778,366
10,663,614‌
D-Wave
Quantum,
Inc.
(a)
(b)
...............
7,378,073
273,431,385‌
eGain
Corp.
(a)
(b)
......................
433,758
6,254,790‌
EverCommerce,
Inc.
(a)
(b)
................
386,794
4,482,942‌
Expensify,
Inc.
,
Class
A
(a)
(b)
..............
1,387,108
2,260,986‌
Five9,
Inc.
(b)
........................
1,833,584
44,519,420‌
Freshworks,
Inc.
,
Class
A
(b)
..............
4,789,011
53,158,022‌
Hut
8
Corp.
(a)
(b)
......................
2,254,116
114,193,517‌
I3
Verticals,
Inc.
,
Class
A
(a)
(b)
.............
560,826
17,245,400‌
Intapp,
Inc.
(b)
........................
1,349,648
51,799,490‌
InterDigital,
Inc.
......................
619,361
224,183,908‌
Jamf
Holding
Corp.
(a)
(b)
.................
1,729,835
22,228,380‌
Kaltura,
Inc.
(b)
.......................
2,146,341
3,326,829‌
Life360,
Inc.
(a)
(b)
......................
386,698
38,170,960‌
LiveRamp
Holdings,
Inc.
(a)
(b)
..............
1,544,655
42,230,868‌
MARA
Holdings,
Inc.
(a)
(b)
................
8,886,525
162,356,812‌
Mercurity
Fintech
Holding,
Inc.
(a)
(b)
..........
749,347
7,823,183‌
Mitek
Systems,
Inc.
(b)
..................
1,085,811
10,000,319‌
N-able,
Inc.
(b)
........................
1,715,149
13,429,617‌
NCR
Voyix
Corp.
(a)
(b)
...................
3,385,331
38,626,627‌
NextNav,
Inc.
(a)
(b)
.....................
2,109,875
28,166,831‌
ON24,
Inc.
(b)
........................
801,731
4,425,555‌
OneSpan,
Inc.
.......................
864,090
9,850,626‌
Ooma,
Inc.
(a)
(b)
.......................
582,848
6,545,383‌
Pagaya
Technologies
Ltd.
,
Class
A
(a)
(b)
.......
1,104,682
29,704,899‌
PagerDuty,
Inc.
(a)
(b)
....................
2,038,688
32,741,329‌
PAR
Technology
Corp.
(a)
(b)
...............
956,486
33,802,215‌
Porch
Group,
Inc.
(a)
(b)
..................
1,937,980
29,166,599‌
Progress
Software
Corp.
(b)
...............
1,018,143
43,413,618‌
PROS
Holdings,
Inc.
(a)
(b)
................
1,047,227
24,138,582‌
Q2
Holdings,
Inc.
(a)
(b)
...................
1,488,625
91,937,480‌
Qualys,
Inc.
(b)
.......................
872,522
107,547,062‌
Rapid7,
Inc.
(a)
(b)
......................
1,513,731
28,019,161‌
Red
Violet,
Inc.
......................
271,345
14,552,232‌
ReposiTrak,
Inc.
(a)
....................
262,756
3,943,968‌
Rezolve
AI
plc
(a)
(b)
.....................
3,514,631
15,077,767‌
Rimini
Street,
Inc.
(a)
(b)
..................
1,215,479
4,837,606‌
Riot
Platforms,
Inc.
(a)
(b)
.................
8,335,797
164,882,065‌
Sapiens
International
Corp.
NV
...........
744,487
32,050,165‌
SEMrush
Holdings,
Inc.
,
Class
A
(a)
(b)
........
1,242,955
9,023,853‌
Silvaco
Group,
Inc.
(a)
(b)
.................
185,254
1,091,146‌
SoundHound
AI,
Inc.
,
Class
A
(a)
(b)
..........
8,750,416
154,182,330‌
SoundThinking,
Inc.
(b)
..................
220,940
2,065,789‌
Sprinklr,
Inc.
,
Class
A
(a)
(b)
................
2,679,602
20,686,527‌
Sprout
Social,
Inc.
,
Class
A
(a)
(b)
............
1,246,424
12,800,775‌
SPS
Commerce,
Inc.
(a)
(b)
................
908,222
74,692,177‌
Synchronoss
Technologies,
Inc.
(a)
(b)
.........
226,577
1,188,396‌
Telos
Corp.
(a)
(b)
.......................
1,315,589
9,024,941‌
Tenable
Holdings,
Inc.
(b)
................
2,890,400
83,879,408‌
Security
Shares
Shares
Value
Software
(continued)
Terawulf,
Inc.
(a)
(b)
.....................
6,782,052
$
105,121,806‌
Varonis
Systems,
Inc.
(a)
(b)
................
2,635,721
92,856,451‌
Verint
Systems,
Inc.
(b)
..................
1,458,516
29,578,704‌
Vertex,
Inc.
,
Class
A
(a)
(b)
.................
1,549,614
35,486,161‌
Viant
Technology,
Inc.
,
Class
A
(a)
(b)
.........
337,377
2,995,908‌
Weave
Communications,
Inc.
(a)
(b)
..........
1,381,174
10,234,499‌
WM
Technology,
Inc.
,
Class
A
(b)
...........
2,138,965
2,245,913‌
Workiva,
Inc.
,
Class
A
(a)
(b)
...............
1,199,665
101,983,522‌
Xperi,
Inc.
(a)
(b)
.......................
1,102,314
7,407,550‌
Yext,
Inc.
(a)
(b)
........................
2,424,804
20,538,090‌
Zeta
Global
Holdings
Corp.
,
Class
A
(a)
(b)
......
4,445,632
79,976,920‌
4,404,805,139‌
Specialized
REITs
—
0.4%
Farmland
Partners,
Inc.
................
1,046,737
10,498,772‌
Four
Corners
Property
Trust,
Inc.
..........
2,393,467
56,581,560‌
Gladstone
Land
Corp.
.................
803,912
7,283,443‌
Outfront
Media,
Inc.
...................
3,401,741
60,176,798‌
PotlatchDeltic
Corp.
...................
1,882,984
75,319,360‌
Safehold,
Inc.
.......................
1,373,041
19,812,981‌
Smartstop
Self
Storage
REIT,
Inc.
..........
757,559
26,022,152‌
255,695,066‌
Specialty
Retail
—
2.1%
1-800-Flowers.com,
Inc.
,
Class
A
(a)
(b)
........
536,607
1,931,785‌
Abercrombie
&
Fitch
Co.
,
Class
A
(a)
(b)
........
1,127,137
81,773,789‌
Academy
Sports
&
Outdoors,
Inc.
..........
1,583,519
75,834,725‌
Advance
Auto
Parts,
Inc.
................
1,433,597
67,565,427‌
American
Eagle
Outfitters,
Inc.
............
3,891,639
65,029,288‌
America's
Car-Mart,
Inc.
(a)
(b)
..............
180,297
4,009,805‌
Arhaus,
Inc.
,
Class
A
(b)
.................
1,214,146
12,165,743‌
Arko
Corp.
.........................
1,827,375
8,049,587‌
Asbury
Automotive
Group,
Inc.
(a)
(b)
..........
469,684
110,187,866‌
BARK,
Inc.
(a)
(b)
.......................
2,369,617
2,151,138‌
Barnes
&
Noble
Education,
Inc.
(a)
(b)
.........
389,126
3,552,720‌
Bed
Bath
&
Beyond,
Inc.
(a)
(b)
..............
1,311,345
10,110,470‌
Boot
Barn
Holdings,
Inc.
(a)
(b)
..............
734,848
139,363,923‌
Buckle,
Inc.
(The)
....................
753,201
41,275,415‌
Build-A-Bear
Workshop,
Inc.
.............
298,641
16,192,315‌
Caleres,
Inc.
........................
816,085
9,009,578‌
Camping
World
Holdings,
Inc.
,
Class
A
......
1,434,828
18,882,337‌
Citi
Trends,
Inc.
(a)
(b)
....................
119,953
4,296,717‌
Designer
Brands,
Inc.
,
Class
A
............
808,255
2,982,461‌
Envela
Corp.
(b)
.......................
89,735
815,691‌
EVgo,
Inc.
,
Class
A
(a)
(b)
.................
3,049,626
12,533,963‌
Genesco,
Inc.
(a)
(b)
.....................
240,092
6,965,069‌
Group
1
Automotive,
Inc.
(a)
...............
301,758
119,960,875‌
Haverty
Furniture
Cos.,
Inc.
..............
319,022
6,957,870‌
J
Jill,
Inc.
..........................
175,008
2,637,371‌
Lands'
End,
Inc.
(a)
(b)
...................
285,341
4,491,267‌
MarineMax,
Inc.
(a)
(b)
...................
457,469
11,331,507‌
Monro,
Inc.
.........................
717,870
10,516,796‌
National
Vision
Holdings,
Inc.
(a)
(b)
..........
1,866,224
48,055,268‌
ODP
Corp.
(The)
(a)
(b)
...................
668,050
18,625,234‌
OneWater
Marine,
Inc.
,
Class
A
(a)
(b)
.........
272,112
4,225,899‌
Outdoor
Holding
Co.
(a)
(b)
................
2,107,567
3,372,107‌
Petco
Health
&
Wellness
Co.,
Inc.
(a)
(b)
.......
1,903,505
6,053,146‌
RealReal,
Inc.
(The)
(a)
(b)
.................
2,283,262
27,878,629‌
Revolve
Group,
Inc.
,
Class
A
(a)
(b)
...........
970,737
21,472,702‌
Sally
Beauty
Holdings,
Inc.
(a)
(b)
............
2,432,829
36,760,046‌
Shoe
Carnival,
Inc.
....................
438,014
8,028,797‌
Signet
Jewelers
Ltd.
...................
957,282
94,627,326‌
Sleep
Number
Corp.
(a)
(b)
................
464,520
2,554,860‌
Sonic
Automotive,
Inc.
,
Class
A
...........
359,329
22,828,171‌
Stitch
Fix,
Inc.
,
Class
A
(a)
(b)
...............
2,587,878
10,843,209‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Specialty
Retail
(continued)
ThredUp,
Inc.
,
Class
A
(a)
(b)
...............
2,225,023
$
19,557,952‌
Tile
Shop
Holdings,
Inc.
(a)
(b)
..............
630,680
3,948,057‌
Torrid
Holdings,
Inc.
(a)
(b)
.................
740,501
925,626‌
Upbound
Group,
Inc.
..................
1,258,086
24,381,707‌
Urban
Outfitters,
Inc.
(a)
(b)
................
1,464,546
94,624,317‌
Victoria's
Secret
&
Co.
(a)
(b)
...............
1,658,093
58,447,778‌
Warby
Parker,
Inc.
,
Class
A
(a)
(b)
............
2,353,177
46,098,737‌
Winmark
Corp.
......................
70,393
28,380,346‌
Zumiez,
Inc.
(a)
(b)
......................
343,333
7,433,160‌
1,439,698,572‌
Technology
Hardware,
Storage
&
Peripherals
—
0.8%
CompoSecure,
Inc.
,
Class
A
(b)
............
1,068,314
21,216,716‌
Corsair
Gaming,
Inc.
(a)
(b)
................
1,159,610
9,450,822‌
CPI
Card
Group,
Inc.
(b)
.................
141,209
2,208,509‌
Diebold
Nixdorf,
Inc.
(a)
(b)
.................
620,611
36,709,141‌
Eastman
Kodak
Co.
(a)
(b)
.................
1,582,316
10,031,883‌
Immersion
Corp.
.....................
683,783
4,574,508‌
IonQ,
Inc.
(a)
(b)
........................
6,605,171
412,030,567‌
Quantum
Computing,
Inc.
(a)
(b)
.............
3,204,506
53,547,295‌
Turtle
Beach
Corp.
(a)
(b)
..................
387,715
6,552,384‌
Xerox
Holdings
Corp.
..................
2,901,166
9,631,871‌
565,953,696‌
Textiles,
Apparel
&
Luxury
Goods
—
0.6%
Capri
Holdings
Ltd.
(b)
..................
2,779,126
57,666,865‌
Carter's,
Inc.
........................
862,788
27,091,543‌
Ermenegildo
Zegna
NV
.................
1,493,472
15,248,349‌
Figs,
Inc.
,
Class
A
(a)
(b)
..................
2,127,915
15,874,246‌
G-III
Apparel
Group
Ltd.
(a)
(b)
..............
936,066
25,133,372‌
Hanesbrands,
Inc.
(b)
...................
8,394,854
55,489,985‌
Kontoor
Brands,
Inc.
...................
1,315,134
106,420,643‌
Lakeland
Industries,
Inc.
(a)
...............
208,699
3,435,186‌
Movado
Group,
Inc.
...................
366,858
6,680,484‌
Oxford
Industries,
Inc.
.................
340,666
12,553,542‌
Rocky
Brands,
Inc.
....................
167,149
4,711,930‌
Steven
Madden
Ltd.
...................
1,718,244
58,265,654‌
Superior
Group
of
Cos.,
Inc.
.............
285,188
2,663,656‌
Wolverine
World
Wide,
Inc.
..............
1,928,127
43,768,483‌
435,003,938‌
Tobacco
—
0.1%
Ispire
Technology,
Inc.
(a)
(b)
...............
432,251
808,310‌
Turning
Point
Brands,
Inc.
(a)
..............
410,821
36,932,808‌
Universal
Corp.
......................
579,527
29,370,428‌
67,111,546‌
Trading
Companies
&
Distributors
—
1.0%
Alta
Equipment
Group,
Inc.
,
Class
A
........
481,185
2,944,852‌
BlueLinx
Holdings,
Inc.
(a)
(b)
...............
185,444
12,135,455‌
Boise
Cascade
Co.
...................
907,499
63,969,605‌
Custom
Truck
One
Source,
Inc.
(a)
(b)
.........
1,443,837
8,504,200‌
Distribution
Solutions
Group,
Inc.
(a)
(b)
........
229,784
6,282,295‌
DNOW,
Inc.
(b)
.......................
2,495,795
36,688,186‌
DXP
Enterprises,
Inc.
(b)
.................
312,126
37,345,876‌
EVI
Industries,
Inc.
....................
118,052
3,180,321‌
GATX
Corp.
........................
856,435
134,331,830‌
Global
Industrial
Co.
...................
343,926
9,774,377‌
Herc
Holdings,
Inc.
....................
780,276
110,838,206‌
Hudson
Technologies,
Inc.
(a)
(b)
............
921,807
8,365,399‌
Karat
Packaging,
Inc.
..................
204,504
4,912,186‌
McGrath
RentCorp
....................
580,717
62,392,234‌
MRC
Global,
Inc.
(a)
(b)
...................
2,036,447
28,408,436‌
NPK
International,
Inc.
(b)
................
1,877,378
23,091,749‌
Rush
Enterprises,
Inc.
,
Class
A
...........
1,453,204
71,802,810‌
Rush
Enterprises,
Inc.
,
Class
B
...........
213,703
11,212,996‌
Security
Shares
Shares
Value
Trading
Companies
&
Distributors
(continued)
Titan
Machinery,
Inc.
(b)
.................
512,706
$
8,408,378‌
Transcat,
Inc.
(a)
(b)
.....................
219,110
15,918,341‌
Willis
Lease
Finance
Corp.
(a)
.............
68,367
8,776,955‌
Xometry,
Inc.
,
Class
A
(a)
(b)
...............
1,041,211
50,696,564‌
719,981,251‌
Transportation
Infrastructure
—
0.0%
Sky
Harbour
Group
Corp.
,
Class
A
(a)
(b)
.......
468,308
4,626,883‌
Water
Utilities
—
0.3%
American
States
Water
Co.
..............
916,245
65,337,431‌
Cadiz,
Inc.
(a)
(b)
.......................
1,306,784
6,925,955‌
California
Water
Service
Group
...........
1,426,318
63,299,993‌
Consolidated
Water
Co.
Ltd.
.............
360,451
12,258,938‌
Global
Water
Resources,
Inc.
.............
221,224
2,194,542‌
H2O
America
.......................
754,795
34,909,269‌
Middlesex
Water
Co.
..................
423,600
24,344,292‌
Pure
Cycle
Corp.
(a)
(b)
...................
462,877
5,096,276‌
York
Water
Co.
(The)
..................
315,465
9,801,498‌
224,168,194‌
Wireless
Telecommunication
Services
—
0.2%
Gogo,
Inc.
(a)
(b)
.......................
1,853,222
16,864,320‌
Spok
Holdings,
Inc.
...................
452,797
6,470,469‌
Telephone
&
Data
Systems,
Inc.
...........
2,380,283
92,402,586‌
115,737,375‌
Total
Common
Stocks
—
99
.7
%
(Cost:
$
86,888,417,992
)
............................
68,555,432,472‌
Rights
Biotechnology
—
0.0%
(b)(d)
Contra
Aduro
Biotech
I,
CVR
(a)
...........
272,340
136,170‌
Contra
Chinook
Therape,
CVR
(a)
..........
1,316,575
223,818‌
Oncternal
Therapeutics,
Inc.,
CVR
(a)
........
13,273
—‌
Sanofi
Aatd,
Inc.,
CVR
.................
794,436
929,490‌
1,289,478‌
Total
Rights
—
0.0
%
(Cost:
$
541,605
)
.................................
1,289,478‌
Warrants
Health
Care
Equipment
&
Supplies
—
0.0
%
Pulse
Biosciences,
Inc.
(
1
Share
for
1
Warrant,
Expires
06/27/29
)
(a)
(b)
................
39,821
118,069‌
Total
Warrants
—
0.0
%
(Cost:
$
—
)
.....................................
118,069‌
Total
Long-Term
Investments
—
99.7%
(Cost:
$
86,888,959,597
)
............................
68,556,840,019‌
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
(Percentages
shown
are
based
on
Net
Assets)
Security
Shares
Shares
Value
Short-Term
Securities
Money
Market
Funds
—
15.5%
(e)(f)
BlackRock
Cash
Funds:
Institutional,
SL
Agency
Shares
,
4.27
%
(g)
...................
10,524,291,411
$
10,529,553,557‌
BlackRock
Cash
Funds:
Treasury,
SL
Agency
Shares
,
4.05
%
....................
163,339,510
163,339,510‌
Total
Short-Term
Securities
—
15
.5
%
(Cost:
$
10,688,350,686
)
............................
10,692,893,067‌
Total
Investments
—
115
.2
%
(Cost:
$
97,577,310,283
)
............................
79,249,733,086‌
Liabilities
in
Excess
of
Other
Assets
—
(
15.2
)
%
............
(
10,484,985,299‌
)
Net
Assets
—
100.0%
...............................
$
68,764,747,787‌
(a)
All
or
a
portion
of
this
security
is
on
loan.
(b)
Non-income
producing
security.
(c)
This
security
may
be
resold
to
qualified
foreign
investors
and
foreign
institutional
buyers
under
Regulation
S
of
the
Securities
Act
of
1933.
(d)
Security
is
valued
using
significant
unobservable
inputs
and
is
classified
as
Level
3
in
the
fair
value
hierarchy.
(e)
Affiliate
of
the
Fund.
(f)
Annualized
7-day
yield
as
of
period
end.
(g)
All
or
a
portion
of
this
security
was
purchased
with
the
cash
collateral
from
loaned
securities.
Derivative
Financial
Instruments
Outstanding
as
of
Period
End
Futures
Contracts
Description
Number
of
Contracts
Expiration
Date
Notional
Amount
(000)
Value/
Unrealized
Appreciation
(Depreciation)
Long
Contracts
Russell
2000
E-Mini
Index
....................................................
1,411
12/19/25
$
175,662
$
4,310,977
Schedule
of
Investments
(unaudited)
(continued)
October
31,
2025
iShares
®
Russell
2000
ETF
Fair
Value
Hierarchy
as
of
Period
End
Various
inputs
are
used
in
determining
the
fair
value
of
financial
instruments
at
the
measurement
date.
These
inputs
to
valuation
techniques
are
categorized
into
a
fair
value
hierarchy
consisting
of
three
broad
levels
for
financial
reporting
purposes
as
follows:
Level
1
—
Unadjusted
price
quotations
in
active
markets/exchanges
that
the
Fund
has
the
ability
to
access
for
identical
assets
or
liabilities;
Level
2
—
Inputs
other
than
quoted
prices
included
within
Level
1
that
are
observable
for
the
asset
or
liability,
either
directly
or
indirectly;
and
Level
3
—
Inputs
that
are
unobservable
and
significant
to
the
entire
fair
value
measurement
for
the
asset
or
liability
(including
the
Valuation
Committee's
assumptions
used
in
determining
the
fair
value
of
financial
instruments).
The
hierarchy
gives
the
highest
priority
to
unadjusted
quoted
prices
in
active
markets
for
identical
assets
or
liabilities
(Level
1
measurements)
and
the
lowest
priority
to
unobservable
inputs
(Level
3
measurements).
Accordingly,
the
degree
of
judgment
exercised
in
determining
fair
value
is
greatest
for
instruments
categorized
in
Level
3.
The
inputs
used
to
measure
fair
value
may
fall
into
different
levels
of
the
fair
value
hierarchy.
In
such
cases,
for
disclosure
purposes,
the
fair
value
hierarchy
classification
is
determined
based
on
the
lowest
level
input
that
is
significant
to
the
fair
value
measurement
in
its
entirety.
Investments
classified
within
Level
3
have
significant
unobservable
inputs
used
by
the
Valuation
Committee
in
determining
the
price
for
Fair
Valued
Investments.
Level
3
investments
include
equity
or
debt
issued
by
privately
held
companies
or
funds,
that
may
not have
a
secondary
market,
and/
or
may
have
a
limited
number
of
investors.
The
categorization
of
a
value
determined
for
financial
instruments
is
based
on
the
pricing
transparency
of
the
financial
instruments
and
is
not
necessarily
an
indication
of
the
risks
associated
with
investing
in
those
securities.
For
information
about
the
Fund’s
policy
regarding
valuation
of
financial
instruments,
refer
to
its
most
recent
financial
statements.
The
following
table
summarizes
the
Fund’s
financial
instruments
categorized
in
the
fair
value
hierarchy.
The
breakdown
of
the
Fund's
financial
instruments
into
major
categories
is
disclosed
in
the
Schedule
of
Investments
above.
Level
1
Level
2
Level
3
Total
Assets
Investments
Long-Term
Investments
Common
Stocks
.........................................
$
68,555,414,361
$
—
$
18,111
$
68,555,432,472
Rights
................................................
—
—
1,289,478
1,289,478
Warrants
..............................................
—
118,069
—
118,069
Short-Term
Securities
Money
Market
Funds
......................................
10,692,893,067
—
—
10,692,893,067
$
79,248,307,428
$
118,069
$
1,307,589
$
79,249,733,086
Derivative
Financial
Instruments
(a)
Assets
Equity
contracts
...........................................
$
4,310,977
$
—
$
—
$
4,310,977
(a)
Derivative
financial
instruments
are
futures
contracts.
Futures
contracts
are
valued
at
the
unrealized
appreciation
(depreciation)
on
the
instrument.
Statements
of
Assets
and
Liabilities
(unaudited)

October
31,
2025
iShares
Core
S&P
500
ETF
iShares
Russell
2000
ETF
ASSETS
Investments,
at
value
—
unaffiliated
(a)
(b)
........................................................................
$
715,698,948,381‌
$
68,556,840,019‌
Investments,
at
value
—
affiliated
(c)
...........................................................................
4,901,317,306‌
10,692,893,067‌
Cash
..............................................................................................
1,516,732‌
—‌
Cash
pledged:
Futures
contracts
.....................................................................................
118,975,000‌
14,910,000‌
Receivables:
–‌
–‌
Investment
s
sold
.....................................................................................
—‌
4,964‌
Securities
lending
income
—
affiliated
.......................................................................
474,138‌
5,886,824‌
Capital
shares
sold
....................................................................................
3,501,417‌
20,503,289‌
Dividends
—
unaffiliated
................................................................................
327,773,327‌
14,525,349‌
Dividends
—
affiliated
..................................................................................
3,768,953‌
795,322‌
Variation
margin
on
futures
contracts
........................................................................
4,812,861‌
991,308‌
Total
a
ssets
..........................................................................................
721,061,088,115‌
79,307,350,142‌
LIABILITIES
Bank
overdraft
.........................................................................................
—‌
99,142‌
Collateral
on
securities
loaned
..............................................................................
1,619,881,056‌
10,526,702,789‌
Payables:
–‌
–‌
Investments
purchased
.................................................................................
723,196,215‌
145,436‌
Capital
shares
redeemed
................................................................................
3,501,417‌
4,590,289‌
Investment
advisory
fees
................................................................................
17,944,205‌
11,064,699‌
Total
li
abilities
.........................................................................................
2,364,522,893‌
10,542,602,355‌
Commitments
and
contingent
liabilities
—‌
—‌
NET
ASSETS
.........................................................................................
$
718,696,565,222‌
$
68,764,747,787‌
NET
ASSETS
CONSIST
OF:
Paid-in
capital
.........................................................................................
$
581,195,474,030‌
$
105,853,147,375‌
Accumulated
earnings
(loss)
...............................................................................
137,501,091,192‌
(
37,088,399,588‌
)
NET
ASSETS
.........................................................................................
$
718,696,565,222‌
$
68,764,747,787‌
NET
ASSET
VALUE
Shares
outstanding
.....................................................................................
1,048,900,000‌
279,300,000‌
Net
asset
value
........................................................................................
$
685.19‌
$
246.20‌
Shares
authorized
......................................................................................
Unlimited
Unlimited
Par
value
............................................................................................
None
None
(a)
  Investments,
at
cost
—
unaffiliated
...................................................................
$
615,386,059,352‌
$
86,888,959,597‌
(b)
  Securities
loaned,
at
value
........................................................................
$
1,613,692,171‌
$
10,313,120,320‌
(c)
  Investments,
at
cost
—
affiliated
.....................................................................
$
4,664,504,364‌
$
10,688,350,686‌
Glossary
of
Terms
Used
in
these
Financial
Statements
Portfolio
Abbreviation
ADR
American
Depositary
Receipts
CVR
Contingent
Value
Rights
MSCI
Morgan
Stanley
Capital
International
Nasdaq
National
Association
of
Securities
Dealers
Automated
Quotations
NVS
Non-Voting
Shares
REIT
Real
Estate
Investment
Trust

Want to know more?
iShares.com | 1-800-474-2737
This report is intended for the Funds’ shareholders. It may not be distributed to prospective investors unless it is preceded or accompanied by the current prospectus.
Investing involves risk, including possible loss of principal.
The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”).
The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Cboe Global Indices, LLC, nor does this company make any representation regarding the advisability of investing in the iShares Funds. BlackRock is not affiliated with the company listed above
©2025 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are registered trademarks of BlackRock, Inc. or its subsidiaries. All other marks are the property of their respective owners.
 
 

October 31, 2025
 
 
2025 Annual  Financial Statements
and Additional Information
 
iShares Trust
• iShares iBonds Dec 2025 Term Corporate ETF | IBDQ | NYSE Arca
• iShares iBonds Dec 2026 Term Corporate ETF | IBDR | NYSE Arca
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• iShares iBonds Dec 2028 Term Corporate ETF | IBDT | NYSE Arca
• iShares iBonds Dec 2029 Term Corporate ETF | IBDU | NYSE Arca
• iShares iBonds Dec 2030 Term Corporate ETF | IBDV | NYSE Arca
• iShares iBonds Dec 2031 Term Corporate ETF | IBDW | NYSE Arca
• iShares iBonds Dec 2034 Term Corporate ETF | IBDZ | NYSE Arca
 
Table of Contents
 
 
Page
3
67
69
71
75
83
94
95
96
97
100
2
Schedule of Investments
October 31, 2025
iShares® iBonds® Dec 2025 Term Corporate ETF
(Percentages shown are based on Net Assets)
 
Security
Par
(000
)
Value
Corporate Bonds & Notes
Aerospace & Defense — 0.1%
GE Capital International Funding Co. Unlimited
Co., 3.37%, 11/15/25
$3,539
$3,536,360
Agriculture — 0.4%
Philip Morris International Inc., 5.00%, 11/17/25
10,259
10,257,889
Auto Manufacturers — 1.4%
Ford Motor Credit Co. LLC, 3.38%, 11/13/25
28,186
28,174,224
Toyota Motor Credit Corp., 5.40%, 11/10/25
8,966
8,967,808
 
37,142,032
Banks — 5.6%
Australia & New Zealand Banking Group Ltd.
3.70%, 11/16/25
9,895
9,891,908
5.09%, 12/08/25
15,574
15,582,748
Banco Santander SA, 5.18%, 11/19/25
19,550
19,554,948
Bank of New York Mellon Corp. (The), 3.95%,
11/18/25
4,754
4,752,908
Citizens Financial Group Inc., 4.30%, 12/03/25
4,555
4,555,000
Lloyds Banking Group PLC, 4.58%, 12/10/25
17,055
17,051,141
Manufacturers & Traders Trust Co., 5.40%,
11/21/25
6,534
6,536,886
Morgan Stanley, 5.00%, 11/24/25
25,958
25,960,459
National Australia Bank Ltd./New York, 4.75%,
12/10/25
12,476
12,480,926
PNC Bank N.A., 4.20%, 11/01/25
6,249
6,249,000
Truist Bank, 4.05%, 11/03/25
6,748
6,748,000
U.S. Bancorp, 3.95%, 11/17/25
9,356
9,354,019
Westpac Banking Corp., 5.51%, 11/17/25
12,681
12,685,575
 
151,403,518
Beverages — 1.0%
Coca-Cola Consolidated Inc., 3.80%, 11/25/25
5,506
5,499,538
Constellation Brands Inc., 4.40%, 11/15/25
5,862
5,860,791
Keurig Dr Pepper Inc., 3.40%, 11/15/25
5,055
5,052,627
PepsiCo Inc., 5.25%, 11/10/25
10,268
10,269,750
 
26,682,706
Biotechnology — 0.3%
Illumina Inc., 5.80%, 12/12/25
7,076
7,077,602
Chemicals — 1.1%
DuPont de Nemours Inc., 4.49%, 11/15/25
25,533
25,521,303
Nutrien Ltd., 5.95%, 11/07/25
5,789
5,789,498
 
31,310,801
Commercial Services — 0.2%
Equifax Inc., 2.60%, 12/15/25
5,544
5,531,277
Diversified Financial Services — 2.7%
Intercontinental Exchange Inc., 3.75%, 12/01/25
16,690
16,679,974
Visa Inc., 3.15%, 12/14/25
56,031
55,935,006
 
72,614,980
Electric — 1.4%
American Electric Power Co. Inc., Series N,
1.00%, 11/01/25
6,779
6,779,000
Connecticut Light and Power Co. (The), Series A,
0.75%, 12/01/25
5,987
5,969,655
Duke Energy Corp., 5.00%, 12/08/25
7,647
7,646,048
Florida Power & Light Co., 3.13%, 12/01/25
8,949
8,939,838
National Rural Utilities Cooperative Finance
Corp., 3.25%, 11/01/25
5,088
5,088,000
Security
Par
(000
)
Value
Electric (continued)
Wisconsin Public Service Corp., 5.35%,
11/10/25
$3,436
$3,432,996
 
37,855,537
Environmental Control — 0.4%
Republic Services Inc., 0.88%, 11/15/25
4,581
4,574,102
Waste Management Inc., 0.75%, 11/15/25
6,305
6,295,875
 
10,869,977
Food — 0.5%
Conagra Brands Inc., 4.60%, 11/01/25
12,993
12,993,000
Health Care - Products — 0.3%
Stryker Corp., 3.38%, 11/01/25
8,770
8,770,000
Health Care - Services — 0.9%
Cigna Group (The), 4.13%, 11/15/25
15,726
15,699,452
PeaceHealth Obligated Group, Series 2020,
1.38%, 11/15/25
3,660
3,653,749
UnitedHealth Group Inc., 3.70%, 12/15/25
5,033
5,025,537
 
24,378,738
Insurance — 0.9%
Allstate Corp. (The), 0.75%, 12/15/25
8,904
8,865,686
Aon Global Ltd., 3.88%, 12/15/25
10,488
10,476,660
MetLife Inc., 3.60%, 11/13/25
6,660
6,658,741
 
26,001,087
Internet — 0.6%
Amazon.com Inc., 4.60%, 12/01/25
16,675
16,670,972
Machinery — 0.7%
Caterpillar Financial Services Corp., 0.80%,
11/13/25
13,010
12,998,271
Dover Corp., 3.15%, 11/15/25
5,075
5,071,668
 
18,069,939
Oil & Gas — 0.4%
Chevron Corp., 3.33%, 11/17/25
10,789
10,784,823
Oil & Gas Services — 0.2%
Halliburton Co., 3.80%, 11/15/25
4,540
4,532,260
Pharmaceuticals — 2.9%
AstraZeneca PLC, 3.38%, 11/16/25
27,129
27,115,513
Bristol-Myers Squibb Co., 0.75%, 11/13/25
12,475
12,462,509
McKesson Corp., 0.90%, 12/03/25
7,659
7,635,908
Mead Johnson Nutrition Co., 4.13%, 11/15/25
8,990
8,987,268
Novartis Capital Corp., 3.00%, 11/20/25
23,673
23,658,498
 
79,859,696
Real Estate Investment Trusts — 0.9%
AvalonBay Communities Inc., 3.50%, 11/15/25
3,635
3,632,872
CubeSmart LP, 4.00%, 11/15/25
3,894
3,891,870
Mid-America Apartments LP, 4.00%, 11/15/25
4,783
4,781,205
NNN REIT Inc., 4.00%, 11/15/25
5,158
5,156,132
Realty Income Corp., 4.63%, 11/01/25
6,858
6,858,000
 
24,320,079
Semiconductors — 0.4%
Broadcom Inc., 3.15%, 11/15/25
11,286
11,274,237
Software — 2.1%
Microsoft Corp., 3.13%, 11/03/25
40,982
40,982,000
Oracle Corp., 5.80%, 11/10/25
12,567
12,567,419
Roper Technologies Inc., 3.85%, 12/15/25
3,800
3,794,136
 
57,343,555
3
2025 iShares Annual Financial Statements and Additional Information
Schedule of Investments (continued)
October 31, 2025
iShares® iBonds® Dec 2025 Term Corporate ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Telecommunications — 0.8%
Juniper Networks Inc., 1.20%, 12/10/25
$6,060
$6,036,971
Rogers Communications Inc., 3.63%, 12/15/25
8,235
8,219,352
Verizon Communications Inc., 0.85%, 11/20/25
9,050
9,033,321
 
23,289,644
Transportation — 0.4%
Burlington Northern Santa Fe LLC, 7.00%,
12/15/25
4,876
4,891,537
CSX Corp., 3.35%, 11/01/25
7,255
7,255,000
 
12,146,537
Total Long-Term Investments — 26.6%
(Cost: $724,917,105)
724,717,246
 
Shares
 
Short-Term Securities
Money Market Funds — 73.2%
BlackRock Cash Funds: Institutional, SL Agency
Shares, 4.27%(a)(b)(c)
155,590
155,667
Security
Shares
Value
Money Market Funds (continued)
BlackRock Cash Funds: Treasury, SL Agency
Shares, 4.05%(a)(b)
1,992,510,000
$1,992,510,000
Total Short-Term Securities — 73.2%
(Cost: $1,992,665,450)
1,992,665,667
Total Investments — 99.8%
(Cost: $2,717,582,555)
2,717,382,913
Other Assets Less Liabilities — 0.2%
5,563,186
Net Assets — 100.0%
$2,722,946,099
 
(a)
Affiliate of the Fund.
(b)
Annualized 7-day yield as of period end.
(c)
All or a portion of this security was purchased with the cash collateral from loaned
securities.
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the year ended October 31, 2025 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows: 
Affiliated Issuer
Value at
10/31/24
Purchases
at Cost
Proceeds
from Sales
Net Realized
Gain (Loss)
Change in
Unrealized
Appreciation
(Depreciation)
Value at
10/31/25
Shares
Held at
10/31/25
Income
Capital
Gain
Distributions
from
Underlying
Funds
BlackRock Cash Funds: In-
stitutional, SL Agency
Shares
$260,481,474
$—
$(260,266,308
)(a)
$57,044
$(116,543
)
$155,667
155,590
$450,471
(b)
$—
BlackRock Cash
Funds: Treasury, SL
Agency Shares
21,250,000
1,971,260,000
(a)
—
—
—
1,992,510,000
1,992,510,000
18,298,728
—
 
 
 
 
$57,044
$(116,543)
$1,992,665,667
 
$18,749,199
$—
 
(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 collateral investment fees, 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 at the measurement date. For a description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to the Notes to 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
$—
$724,717,246
$—
$724,717,246
Schedule of Investments
4
Schedule of Investments (continued)
October 31, 2025
iShares® iBonds® Dec 2025 Term Corporate ETF
 
Fair Value Hierarchy as of Period End (continued)
 
Level 1
Level 2
Level 3
Total
Short-Term Securities 
Money Market Funds
$1,992,665,667
$—
$—
$1,992,665,667
 
$1,992,665,667
$724,717,246
$—
$2,717,382,913
See notes to financial statements.
5
2025 iShares Annual Financial Statements and Additional Information
Schedule of Investments
October 31, 2025
iShares® iBonds® Dec 2026 Term Corporate ETF
(Percentages shown are based on Net Assets)
 
Security
Par
(000
)
Value
Corporate Bonds & Notes
Advertising — 0.2%
Omnicom Group Inc./Omnicom Capital Inc., 3.60%,
04/15/26
$8,379
$8,352,114
Aerospace & Defense — 2.2%
Boeing Co. (The)
2.20%, 02/04/26
31,345
31,169,105
2.25%, 06/15/26(a)
2,470
2,438,395
2.75%, 02/01/26
8,613
8,573,195
3.10%, 05/01/26(a)
3,889
3,865,780
General Dynamics Corp.
1.15%, 06/01/26(a)
3,203
3,152,283
2.13%, 08/15/26(a)
3,095
3,052,294
L3Harris Technologies Inc., 3.85%, 12/15/26(a)
3,254
3,246,466
Lockheed Martin Corp., 3.55%, 01/15/26
5,585
5,578,981
RTX Corp.
2.65%, 11/01/26
3,439
3,395,292
5.00%, 02/27/26
3,225
3,229,984
5.75%, 11/08/26
7,778
7,904,039
 
75,605,814
Agriculture — 1.5%
Altria Group Inc.
2.63%, 09/16/26
2,991
2,954,628
4.40%, 02/14/26(a)
6,740
6,733,928
Archer-Daniels-Midland Co., 2.50%, 08/11/26(a)
5,994
5,926,231
BAT Capital Corp., 3.22%, 09/06/26(a)
6,076
6,031,121
BAT International Finance PLC, 1.67%, 03/25/26
8,555
8,458,883
Bunge Ltd. Finance Corp., 3.25%, 08/15/26
4,223
4,192,840
Philip Morris International Inc.
0.88%, 05/01/26
4,365
4,296,482
2.75%, 02/25/26
5,345
5,317,642
4.88%, 02/13/26
9,400
9,414,050
 
53,325,805
Airlines — 0.3%
American Airlines Pass-Through Trust, Series
2014-1, Class A, 3.70%, 04/01/28
1,816
1,802,138
Delta Air Lines Inc., 7.38%, 01/15/26(a)
4,400
4,413,097
Southwest Airlines Co., 3.00%, 11/15/26(a)
1,721
1,699,268
United Airlines Pass-Through Trust
Series 2014-1, Class A, 4.00%, 10/11/27(a)
1,927
1,922,506
Series 2014-2, Class A, 3.75%, 03/03/28(a)
2,010
1,996,413
 
11,833,422
Apparel — 0.2%
NIKE Inc., 2.38%, 11/01/26
5,470
5,392,965
Auto Manufacturers — 4.9%
American Honda Finance Corp.
1.30%, 09/09/26(a)
4,468
4,368,207
2.30%, 09/09/26
3,094
3,046,712
4.40%, 10/05/26
3,820
3,833,624
4.75%, 01/12/26
2,805
2,807,148
4.95%, 01/09/26
4,725
4,729,127
5.25%, 07/07/26
5,482
5,518,939
Ford Motor Co., 4.35%, 12/08/26
8,745
8,713,125
Ford Motor Credit Co. LLC
2.70%, 08/10/26
8,490
8,364,838
4.39%, 01/08/26
7,002
6,994,912
4.54%, 08/01/26
4,595
4,584,404
5.13%, 11/05/26
7,170
7,195,332
6.95%, 03/06/26
7,425
7,465,438
Security
Par
(000
)
Value
Auto Manufacturers (continued)
6.95%, 06/10/26
$5,545
$5,613,290
General Motors Financial Co. Inc.
1.25%, 01/08/26
8,256
8,207,840
1.50%, 06/10/26
7,298
7,175,132
4.00%, 10/06/26
4,895
4,886,987
5.25%, 03/01/26
7,250
7,255,285
5.40%, 04/06/26
9,475
9,516,693
PACCAR Financial Corp.
1.10%, 05/11/26(a)
1,791
1,763,972
4.45%, 03/30/26
2,600
2,604,778
5.05%, 08/10/26(a)
2,340
2,359,966
5.20%, 11/09/26(a)
2,800
2,837,984
Series R, 4.50%, 11/25/26(a)
2,355
2,370,744
Toyota Motor Corp.
1.34%, 03/25/26(a)
5,542
5,481,713
5.28%, 07/13/26
2,940
2,961,834
Toyota Motor Credit Corp.
0.80%, 01/09/26
3,919
3,894,166
1.13%, 06/18/26(a)
6,164
6,053,055
4.45%, 05/18/26
7,951
7,964,993
4.55%, 08/07/26
4,670
4,689,385
4.80%, 01/05/26(a)
5,130
5,134,283
5.00%, 08/14/26(a)
3,955
3,985,450
5.20%, 05/15/26
4,424
4,448,268
5.40%, 11/20/26(a)
5,130
5,205,868
 
172,033,492
Banks — 27.6%
Australia & New Zealand Banking Group Ltd./New
York, 5.00%, 03/18/26(a)
7,615
7,638,666
Banco Santander SA, 1.85%, 03/25/26(a)
3,333
3,301,231
Bank of America Corp.
3.50%, 04/19/26(a)
14,092
14,048,816
4.25%, 10/22/26
11,756
11,769,683
4.45%, 03/03/26
11,654
11,656,284
6.22%, 09/15/26
2,805
2,853,251
Bank of America NA, 5.53%, 08/18/26
11,660
11,782,931
Bank of Montreal
1.25%, 09/15/26(a)
7,762
7,581,733
5.27%, 12/11/26(a)
6,930
7,019,460
5.30%, 06/05/26
7,745
7,794,863
Bank of New York Mellon Corp. (The)
0.75%, 01/28/26(a)
3,589
3,559,983
1.05%, 10/15/26(a)
3,196
3,110,313
2.45%, 08/17/26
4,290
4,240,447
2.80%, 05/04/26(a)
4,350
4,321,167
Bank of Nova Scotia (The)
1.05%, 03/02/26(a)
5,544
5,487,712
1.30%, 09/15/26
5,528
5,405,524
1.35%, 06/24/26
4,205
4,133,648
2.70%, 08/03/26
7,127
7,054,222
4.75%, 02/02/26
6,970
6,974,419
5.35%, 12/07/26
7,030
7,125,794
Barclays PLC
4.38%, 01/12/26
14,556
14,550,964
5.20%, 05/12/26
12,000
12,034,662
BPCE SA, 3.38%, 12/02/26
3,685
3,655,734
Canadian Imperial Bank of Commerce
1.25%, 06/22/26
4,438
4,359,247
5.62%, 07/17/26(a)
2,690
2,718,192
5.93%, 10/02/26(a)
4,930
5,015,672
Schedule of Investments
6
Schedule of Investments (continued)
October 31, 2025
iShares® iBonds® Dec 2026 Term Corporate ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Banks (continued)
Capital One NA
3.45%, 07/27/26
$6,125
$6,090,021
4.25%, 03/13/26
2,490
2,488,081
Citibank N.A.
4.93%, 08/06/26
8,625
8,677,110
5.44%, 04/30/26
11,510
11,573,078
5.49%, 12/04/26
11,593
11,762,548
Citigroup Inc.
3.20%, 10/21/26
17,777
17,643,306
3.40%, 05/01/26
11,092
11,053,039
3.70%, 01/12/26(a)
11,154
11,135,219
4.30%, 11/20/26
6,172
6,178,678
4.60%, 03/09/26
9,293
9,299,220
Citizens Bank NA/Providence RI, 3.75%, 02/18/26
3,150
3,142,660
Citizens Financial Group Inc., 2.85%, 07/27/26
3,032
2,999,319
Commonwealth Bank of Australia/New York
4.58%, 11/27/26(a)
8,132
8,188,627
5.32%, 03/13/26
5,690
5,713,652
Cooperatieve Rabobank UA, 3.75%, 07/21/26
8,320
8,281,978
Cooperatieve Rabobank UA/New York, 4.85%,
01/09/26
4,810
4,813,951
Cooperatieve Rabobank UA/NY
4.33%, 08/28/26(a)
2,825
2,832,186
5.50%, 10/05/26(a)
5,535
5,615,167
Deutsche Bank AG, 4.10%, 01/13/26
2,170
2,168,716
Deutsche Bank AG/New York
1.69%, 03/19/26(a)
4,590
4,543,962
4.10%, 01/13/26(a)
2,160
2,157,052
Fifth Third Bank NA, 3.85%, 03/15/26(a)
4,548
4,537,265
Goldman Sachs Group Inc. (The)
3.50%, 11/16/26(a)
15,915
15,840,545
3.75%, 02/25/26(a)
10,266
10,259,038
HSBC Holdings PLC
3.90%, 05/25/26
9,190
9,181,475
4.30%, 03/08/26
10,630
10,632,115
4.38%, 11/23/26
5,460
5,467,391
JPMorgan Chase & Co.
2.95%, 10/01/26
17,432
17,276,981
3.20%, 06/15/26
10,584
10,525,526
3.30%, 04/01/26
14,090
14,048,134
4.13%, 12/15/26
12,043
12,050,974
7.63%, 10/15/26
3,185
3,289,266
JPMorgan Chase Bank N.A., 5.11%, 12/08/26
15,780
15,967,823
KeyBank NA
3.40%, 05/20/26(a)
3,610
3,591,113
4.70%, 01/26/26
2,958
2,959,424
Lloyds Banking Group PLC, 4.65%, 03/24/26
8,954
8,955,574
Manufacturers & Traders Trust Co., 4.65%,
01/27/26
7,560
7,561,935
Mitsubishi UFJ Financial Group Inc.
2.76%, 09/13/26(a)
6,025
5,955,680
3.85%, 03/01/26
14,235
14,215,881
Mizuho Financial Group Inc., 2.84%, 09/13/26(a)
5,939
5,877,507
Morgan Stanley
3.13%, 07/27/26
17,297
17,180,535
3.88%, 01/27/26
16,938
16,919,632
4.35%, 09/08/26
13,347
13,370,020
6.25%, 08/09/26(a)
4,838
4,916,428
Morgan Stanley Bank N.A.
4.75%, 04/21/26
8,660
8,678,872
5.88%, 10/30/26
9,922
10,092,463
Security
Par
(000
)
Value
Banks (continued)
National Australia Bank Ltd./New York
2.50%, 07/12/26
$7,860
$7,776,807
3.38%, 01/14/26(a)
4,297
4,289,258
4.97%, 01/12/26(a)
6,535
6,543,217
NatWest Group PLC, 4.80%, 04/05/26
9,395
9,415,545
PNC Financial Services Group Inc. (The)
1.15%, 08/13/26(a)
4,130
4,038,526
2.60%, 07/23/26
5,861
5,801,934
Royal Bank of Canada
0.88%, 01/20/26
6,785
6,736,698
1.15%, 07/14/26
4,785
4,690,318
1.20%, 04/27/26
9,980
9,840,331
1.40%, 11/02/26
5,445
5,312,831
4.65%, 01/27/26
8,244
8,242,368
4.88%, 01/12/26
5,650
5,656,948
5.20%, 07/20/26
6,355
6,407,195
Santander Holdings USA Inc., 3.24%, 10/05/26
5,635
5,592,506
State Street Bank & Trust Co., 4.59%, 11/25/26(a)
6,060
6,101,440
State Street Corp.
2.65%, 05/19/26
4,721
4,684,669
5.27%, 08/03/26(a)
7,300
7,358,699
Sumitomo Mitsui Financial Group Inc.
0.95%, 01/12/26(a)
5,674
5,637,679
1.40%, 09/17/26
11,857
11,596,848
2.63%, 07/14/26(a)
13,185
13,049,860
3.01%, 10/19/26(a)
8,767
8,685,942
3.78%, 03/09/26(a)
8,398
8,385,978
5.46%, 01/13/26
10,213
10,232,895
5.88%, 07/13/26(a)
4,959
5,019,422
Toronto-Dominion Bank (The)
0.75%, 01/06/26
6,343
6,303,691
1.20%, 06/03/26
7,760
7,629,519
1.25%, 09/10/26(a)
8,689
8,493,231
5.10%, 01/09/26
4,633
4,637,766
5.26%, 12/11/26(a)
3,015
3,053,334
5.53%, 07/17/26
10,393
10,492,506
Truist Bank
3.30%, 05/15/26
4,595
4,571,137
3.80%, 10/30/26(a)
5,323
5,305,898
U.S. Bancorp
3.10%, 04/27/26
6,159
6,127,986
Series V, 2.38%, 07/22/26
7,903
7,814,345
UBS AG/London, 1.25%, 06/01/26(a)
5,401
5,313,876
UBS AG/Stamford CT, 1.25%, 08/07/26
9,545
9,348,914
UBS Group AG, 4.55%, 04/17/26
12,176
12,195,740
Wachovia Corp., 7.57%, 08/01/26(a)(b)
2,084
2,133,212
Wells Fargo & Co.
3.00%, 04/22/26
20,051
19,946,510
3.00%, 10/23/26
20,187
19,997,648
4.10%, 06/03/26
14,139
14,126,654
Wells Fargo Bank NA
4.81%, 01/15/26
10,070
10,076,530
5.25%, 12/11/26
13,020
13,192,951
5.45%, 08/07/26
12,974
13,097,827
Westpac Banking Corp.
1.15%, 06/03/26
8,824
8,677,390
2.70%, 08/19/26(a)
5,822
5,763,807
2.85%, 05/13/26
8,691
8,635,964
4.60%, 10/20/26
4,737
4,766,684
5.20%, 04/16/26
4,115
4,135,077
 
961,839,896
7
2025 iShares Annual Financial Statements and Additional Information
Schedule of Investments (continued)
October 31, 2025
iShares® iBonds® Dec 2026 Term Corporate ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Beverages — 1.3%
Anheuser-Busch Companies LLC/Anheuser-Busch
InBev Worldwide Inc., 3.65%, 02/01/26(a)
$6,930
$6,923,580
Constellation Brands Inc., 3.70%, 12/06/26(a)
3,547
3,533,094
Diageo Capital PLC, 5.38%, 10/05/26(a)
5,180
5,239,869
Keurig Dr Pepper Inc., 2.55%, 09/15/26(a)
2,584
2,548,745
Molson Coors Beverage Co., 3.00%, 07/15/26
11,511
11,422,266
PepsiCo Inc.
2.38%, 10/06/26
5,697
5,623,714
2.85%, 02/24/26(a)
4,226
4,206,887
4.55%, 02/13/26
2,880
2,880,790
5.13%, 11/10/26(a)
4,300
4,347,996
 
46,726,941
Biotechnology — 0.8%
Amgen Inc., 2.60%, 08/19/26
7,782
7,691,698
Gilead Sciences Inc., 3.65%, 03/01/26
15,821
15,795,700
Illumina Inc., 4.65%, 09/09/26
3,085
3,094,894
 
26,582,292
Building Materials — 0.2%
Johnson Controls International PLC, 3.90%,
02/14/26
2,672
2,666,363
Owens Corning, 3.40%, 08/15/26
2,667
2,648,505
Trane Technologies Financing Ltd., 3.50%,
03/21/26(a)
2,372
2,364,430
 
7,679,298
Chemicals — 0.8%
Ecolab Inc., 2.70%, 11/01/26
4,284
4,231,304
EIDP Inc., 4.50%, 05/15/26(a)
4,005
4,007,447
FMC Corp., 3.20%, 10/01/26
2,947
2,903,043
Linde Inc./CT, 3.20%, 01/30/26
4,321
4,307,447
Nutrien Ltd., 4.00%, 12/15/26(a)
2,316
2,312,157
PPG Industries Inc., 1.20%, 03/15/26
3,935
3,890,389
Sherwin-Williams Co. (The), 3.95%, 01/15/26(a)
1,990
1,987,026
Westlake Corp., 3.60%, 08/15/26(a)
4,393
4,367,023
 
28,005,836
Commercial Services — 0.7%
Global Payments Inc.
1.20%, 03/01/26
6,400
6,330,841
4.80%, 04/01/26
4,360
4,359,188
GXO Logistics Inc., 1.65%, 07/15/26(a)
2,293
2,247,267
PayPal Holdings Inc., 2.65%, 10/01/26
7,558
7,476,997
TR Finance LLC, 3.35%, 05/15/26
2,900
2,881,728
 
23,296,021
Computers — 3.9%
Apple Inc.
0.70%, 02/08/26(a)
13,918
13,801,285
2.05%, 09/11/26
11,569
11,392,429
2.45%, 08/04/26(a)
12,972
12,835,810
3.25%, 02/23/26(a)
20,799
20,745,398
CGI Inc., 1.45%, 09/14/26
3,464
3,384,946
Dell International LLC/EMC Corp.
4.90%, 10/01/26
9,956
10,012,502
6.02%, 06/15/26(a)
3,023
3,042,921
DXC Technology Co., 1.80%, 09/15/26(a)
3,870
3,783,488
Fortinet Inc., 1.00%, 03/15/26
2,991
2,950,813
Genpact Luxembourg SARL/Genpact USA Inc.,
1.75%, 04/10/26(a)
2,123
2,097,330
Hewlett Packard Enterprise Co.
1.75%, 04/01/26(a)
4,384
4,337,909
4.45%, 09/25/26
7,460
7,483,170
HP Inc., 1.45%, 06/17/26
2,727
2,677,815
Security
Par
(000
)
Value
Computers (continued)
IBM International Capital Pte Ltd., 4.70%,
02/05/26(a)
$3,666
$3,668,238
International Business Machines Corp.
3.30%, 05/15/26
16,395
16,331,206
3.45%, 02/19/26(a)
8,045
8,026,234
4.50%, 02/06/26(a)
5,351
5,352,548
Kyndryl Holdings Inc., 2.05%, 10/15/26
3,705
3,627,129
 
135,551,171
Cosmetics & Personal Care — 0.9%
Colgate-Palmolive Co., 4.80%, 03/02/26(a)
3,245
3,252,346
Conopco Inc., Series E, 7.25%, 12/15/26(a)
2,123
2,198,012
Kenvue Inc., 5.35%, 03/22/26(a)
4,090
4,103,474
Procter & Gamble Co. (The)
1.00%, 04/23/26(a)
5,432
5,357,406
2.45%, 11/03/26
5,046
4,979,388
2.70%, 02/02/26(a)
3,620
3,606,978
4.10%, 01/26/26(a)
4,261
4,258,735
Unilever Capital Corp., 2.00%, 07/28/26(a)
4,371
4,310,768
 
32,067,107
Diversified Financial Services — 4.3%
AerCap Ireland Capital DAC/AerCap Global
Aviation Trust
1.75%, 01/30/26(a)
6,263
6,223,936
2.45%, 10/29/26
21,430
21,084,909
4.45%, 04/03/26(a)
3,393
3,393,908
Air Lease Corp.
1.88%, 08/15/26
7,185
7,054,366
2.88%, 01/15/26(a)
8,121
8,090,583
3.75%, 06/01/26
4,188
4,174,130
5.30%, 06/25/26(a)
3,455
3,475,601
Aircastle Ltd., 4.25%, 06/15/26(a)
3,755
3,751,780
American Express Co.
1.65%, 11/04/26
6,345
6,207,066
3.13%, 05/20/26(a)
4,831
4,806,487
4.90%, 02/13/26
6,968
6,977,861
Ameriprise Financial Inc., 2.88%, 09/15/26(a)
3,145
3,115,911
Brookfield Finance Inc., 4.25%, 06/02/26
3,208
3,206,099
Capital One Financial Corp.
3.75%, 07/28/26
8,910
8,876,207
4.50%, 01/30/26(a)
3,913
3,912,456
Charles Schwab Corp. (The)
0.90%, 03/11/26(a)
7,179
7,099,064
1.15%, 05/13/26(a)
5,818
5,729,543
3.45%, 02/13/26
1,990
1,985,252
5.88%, 08/24/26
5,699
5,774,633
Invesco Finance PLC, 3.75%, 01/15/26
3,225
3,220,546
Legg Mason Inc., 4.75%, 03/15/26(a)
2,643
2,646,457
Mastercard Inc., 2.95%, 11/21/26
4,615
4,575,405
Nasdaq Inc., 3.85%, 06/30/26(a)
3,112
3,107,544
Nomura Holdings Inc.
1.65%, 07/14/26
7,201
7,079,343
5.71%, 01/09/26(a)
3,475
3,482,345
Synchrony Financial, 3.70%, 08/04/26
3,176
3,160,636
Voya Financial Inc., 3.65%, 06/15/26
2,685
2,676,194
Western Union Co. (The), 1.35%, 03/15/26
3,510
3,469,661
 
148,357,923
Electric — 5.6%
AEP Transmission Co. LLC, 3.10%, 12/01/26
2,498
2,472,312
AES Corp. (The), 1.38%, 01/15/26
4,690
4,658,843
Schedule of Investments
8
Schedule of Investments (continued)
October 31, 2025
iShares® iBonds® Dec 2026 Term Corporate ETF
(Percentages shown are based on Net Assets)
Security
Par
(000
)
Value
Electric (continued)
Algonquin Power & Utilities Corp., 5.37%,
06/15/26(b)
$6,490
$6,520,133
Ameren Corp.
3.65%, 02/15/26
2,226
2,221,008
5.70%, 12/01/26(a)
3,614
3,666,988
Baltimore Gas & Electric Co., 2.40%, 08/15/26(a)
1,971
1,946,868
Black Hills Corp., 3.95%, 01/15/26
1,760
1,757,440
CenterPoint Energy Houston Electric LLC,
Series Z, 2.40%, 09/01/26
2,092
2,063,356
CenterPoint Energy Inc., 1.45%, 06/01/26
2,835
2,789,381
Cleco Corporate Holdings LLC, 3.74%, 05/01/26
1,896
1,885,959
CMS Energy Corp., 3.00%, 05/15/26(a)
2,201
2,185,800
Commonwealth Edison Co., 2.55%, 06/15/26(a)
2,745
2,719,927
Dominion Energy Inc.
Series A, 1.45%, 04/15/26
3,085
3,047,294
Series D, 2.85%, 08/15/26(a)
2,228
2,206,279
DTE Electric Co., 4.85%, 12/01/26(a)
2,910
2,940,137
DTE Energy Co., 2.85%, 10/01/26
3,386
3,350,046
Duke Energy Carolinas LLC, 2.95%, 12/01/26(a)
3,584
3,548,387
Duke Energy Corp., 2.65%, 09/01/26
8,964
8,855,072
Emera U.S. Finance LP, 3.55%, 06/15/26
4,411
4,383,664
Enel Americas SA, 4.00%, 10/25/26
3,793
3,784,224
Entergy Arkansas LLC, 3.50%, 04/01/26
3,528
3,516,538
Entergy Corp., 2.95%, 09/01/26
4,147
4,109,371
Entergy Louisiana LLC, 2.40%, 10/01/26
2,277
2,246,064
Evergy Kansas Central Inc., 2.55%, 07/01/26
2,244
2,220,857
Eversource Energy
4.75%, 05/15/26(a)
2,880
2,887,230
Series U, 1.40%, 08/15/26
1,780
1,741,047
Exelon Corp., 3.40%, 04/15/26
4,583
4,564,753
FirstEnergy Corp., Series A, 1.60%, 01/15/26(a)
1,755
1,741,588
Florida Power & Light Co., 4.45%, 05/15/26
3,280
3,284,594
Fortis Inc./Canada, 3.06%, 10/04/26
6,409
6,347,064
Georgia Power Co., 3.25%, 04/01/26(a)
1,952
1,946,409
ITC Holdings Corp., 3.25%, 06/30/26
2,185
2,169,142
National Rural Utilities Cooperative Finance Corp.
1.00%, 06/15/26
3,486
3,419,897
4.45%, 03/13/26
3,710
3,711,665
5.60%, 11/13/26(a)
2,120
2,152,721
NextEra Energy Capital Holdings Inc., 4.95%,
01/29/26
5,775
5,782,803
Pacific Gas and Electric Co.
2.95%, 03/01/26
3,521
3,501,678
3.15%, 01/01/26
10,822
10,793,002
PPL Capital Funding Inc., 3.10%, 05/15/26
3,578
3,554,967
Public Service Electric & Gas Co.
0.95%, 03/15/26(a)
2,635
2,604,325
2.25%, 09/15/26(a)
2,768
2,728,521
San Diego Gas & Electric Co., 2.50%, 05/15/26
3,000
2,973,099
Sempra, 5.40%, 08/01/26
3,285
3,308,165
Sierra Pacific Power Co., 2.60%, 05/01/26(a)
2,511
2,492,253
Southern California Edison Co.
4.40%, 09/06/26
2,575
2,579,516
4.90%, 06/01/26(a)
2,541
2,545,824
5.35%, 03/01/26(a)
3,380
3,390,899
Series 2020-C, 1.20%, 02/01/26(a)
1,791
1,774,946
Southern Co. (The), 3.25%, 07/01/26
10,040
9,984,733
Southern Power Co., 0.90%, 01/15/26
2,286
2,269,770
Southwestern Electric Power Co.
Series K, 2.75%, 10/01/26
2,072
2,048,166
Series N, 1.65%, 03/15/26
2,895
2,868,210
Security
Par
(000
)
Value
Electric (continued)
Virginia Electric & Power Co.
Series A, 3.15%, 01/15/26(a)
$4,690
$4,678,501
Series B, 2.95%, 11/15/26(a)
2,395
2,368,930
WEC Energy Group Inc.
4.75%, 01/09/26
5,830
5,831,459
5.60%, 09/12/26(a)
2,174
2,199,171
Xcel Energy Inc., 3.35%, 12/01/26
2,750
2,728,056
 
196,069,052
Electrical Components & Equipment — 0.1%
Emerson Electric Co., 0.88%, 10/15/26
4,578
4,452,141
Electronics — 1.2%
Amphenol Corp., 4.75%, 03/30/26(a)
2,285
2,290,154
Avnet Inc., 4.63%, 04/15/26(a)
3,333
3,332,462
Flex Ltd., 3.75%, 02/01/26
4,515
4,505,227
Fortive Corp., 3.15%, 06/15/26
5,252
5,211,895
Honeywell International Inc., 2.50%, 11/01/26
8,730
8,607,658
Hubbell Inc., 3.35%, 03/01/26
2,488
2,479,148
Jabil Inc., 1.70%, 04/15/26(a)
2,854
2,820,758
TD SYNNEX Corp., 1.75%, 08/09/26
3,750
3,675,306
Tyco Electronics Group SA
3.70%, 02/15/26(a)
2,348
2,342,388
4.50%, 02/13/26(a)
3,220
3,219,913
Vontier Corp., 1.80%, 04/01/26
3,048
3,013,681
 
41,498,590
Environmental Control — 0.2%
Republic Services Inc., 2.90%, 07/01/26(a)
3,044
3,019,909
Veralto Corp., 5.50%, 09/18/26(a)
4,330
4,377,450
 
7,397,359
Food — 1.4%
Campbell's Co. (The), 5.30%, 03/20/26(a)
2,100
2,105,582
Conagra Brands Inc., 5.30%, 10/01/26
3,025
3,055,862
Flowers Foods Inc., 3.50%, 10/01/26
2,365
2,349,893
Hershey Co. (The), 2.30%, 08/15/26
3,266
3,224,202
Ingredion Inc., 3.20%, 10/01/26(a)
2,938
2,914,187
Kellanova, 3.25%, 04/01/26
5,105
5,080,628
Kraft Heinz Foods Co., 3.00%, 06/01/26
10,775
10,691,532
Kroger Co. (The)
2.65%, 10/15/26(a)
4,439
4,380,043
3.50%, 02/01/26(a)
2,950
2,941,356
McCormick & Co. Inc./MD, 0.90%, 02/15/26
2,900
2,870,061
Sysco Corp., 3.30%, 07/15/26
6,151
6,109,191
Tyson Foods Inc., 4.00%, 03/01/26(a)
4,628
4,622,458
 
50,344,995
Gas — 0.3%
National Fuel Gas Co., 5.50%, 10/01/26
1,835
1,855,034
Southern California Gas Co., Series TT, 2.60%,
06/15/26
2,968
2,939,106
Southern Co. Gas Capital Corp., 3.25%,
06/15/26(a)
2,160
2,147,664
Spire Inc., 5.30%, 03/01/26(a)
1,940
1,945,494
 
8,887,298
Hand & Machine Tools — 0.1%
Stanley Black & Decker Inc., 3.40%, 03/01/26(a)
3,148
3,138,956
Health Care - Products — 1.0%
Abbott Laboratories, 3.75%, 11/30/26
10,105
10,098,024
Agilent Technologies Inc., 3.05%, 09/22/26(a)
1,939
1,921,858
Baxter International Inc., 2.60%, 08/15/26
4,187
4,134,200
Stryker Corp., 3.50%, 03/15/26
5,916
5,899,194
9
2025 iShares Annual Financial Statements and Additional Information