Schedule of Investments (unaudited) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Corporate Bonds & Notes | ||||||||
Advertising — 0.5% | ||||||||
Lamar Media Corp. | ||||||||
3.75%, 02/15/28 (Call 02/15/23)(a) | $ | 14,872 | $ | 14,948,839 | ||||
4.00%, 02/15/30 (Call 02/15/25)(a) | 13,555 | 14,098,555 | ||||||
4.88%, 01/15/29 (Call 01/15/24)(a) | 9,931 | 10,509,977 | ||||||
5.75%, 02/01/26 (Call 02/01/21)(a) | 12,702 | 13,138,155 | ||||||
Outfront Media Capital LLC/Outfront Media Capital Corp. | ||||||||
4.63%, 03/15/30 (Call 03/15/25)(a)(b) | 12,994 | 12,947,036 | ||||||
5.00%, 08/15/27 (Call 08/15/22)(a)(b) | 16,094 | 16,475,428 | ||||||
5.63%, 02/15/24 (Call 02/15/21)(a) | 8,142 | 8,259,041 | ||||||
6.25%, 06/15/25 (Call 06/15/22)(b) | 9,454 | 10,047,410 | ||||||
Terrier Media Buyer Inc., 8.88%, 12/15/27 (Call 12/15/22)(b) | 26,495 | 28,596,936 | ||||||
|
| |||||||
129,021,377 | ||||||||
Aerospace & Defense — 2.2% | ||||||||
Howmet Aerospace Inc. | ||||||||
5.13%, 10/01/24 (Call 07/01/24)(a) | 30,962 | 33,668,079 | ||||||
5.87%, 02/23/22 | 5,954 | 6,256,707 | ||||||
6.88%, 05/01/25 (Call 04/01/25)(a) | 29,999 | 34,798,840 | ||||||
Rolls-Royce PLC | ||||||||
3.63%, 10/14/25 (Call 07/14/25)(b) | 24,750 | 24,299,632 | ||||||
5.75%, 10/15/27 (Call 07/15/27)(b) | 24,758 | 26,506,328 | ||||||
Signature Aviation U.S. Holdings Inc. | ||||||||
4.00%, 03/01/28 (Call 03/01/23)(a)(b) | 17,303 | 17,303,000 | ||||||
5.38%, 05/01/26 (Call 05/01/21)(b) | 11,283 | 11,593,283 | ||||||
Spirit AeroSystems Inc. | ||||||||
4.60%, 06/15/28 (Call 03/15/28)(a) | 16,780 | 16,155,113 | ||||||
5.50%, 01/15/25 (Call 10/15/22)(b) | 11,587 | 12,289,763 | ||||||
7.50%, 04/15/25 (Call 04/15/22)(a)(b) | 30,590 | 32,714,570 | ||||||
SSL Robotics LLC, 9.75%, 12/31/23 (Call 12/15/21)(b) | 21,087 | 23,920,038 | ||||||
TransDigm Inc. | ||||||||
5.50%, 11/15/27 (Call 11/15/22)(a) | 66,224 | 68,376,280 | ||||||
6.25%, 03/15/26 (Call 03/15/22)(a)(b) | 107,527 | 113,978,620 | ||||||
6.38%, 06/15/26 (Call 06/15/21)(a) | 25,597 | 26,524,571 | ||||||
6.50%, 07/15/24 (Call 07/15/21)(a) | 23,342 | 23,685,265 | ||||||
6.50%, 05/15/25 (Call 05/15/21) | 20,702 | 21,219,550 | ||||||
7.50%, 03/15/27 (Call 03/15/22)(a) | 15,550 | 16,625,542 | ||||||
8.00%, 12/15/25 (Call 04/08/22)(a)(b) | 25,034 | 27,343,762 | ||||||
TransDigm UK Holdings PLC, | 12,888 | 13,712,059 | ||||||
Triumph Group Inc. | ||||||||
6.25%, 09/15/24 (Call 09/15/21)(a)(b) | 11,669 | 11,343,727 | ||||||
7.75%, 08/15/25 (Call 08/15/21)(a) | 13,609 | 11,842,923 | ||||||
8.88%, 06/01/24 (Call 02/01/23)(a)(b) | 17,178 | 18,851,996 | ||||||
|
| |||||||
593,009,648 | ||||||||
Agriculture — 0.3% | ||||||||
JBS Investments II GmbH | ||||||||
5.75%, 01/15/28 (Call 07/30/22)(a)(b) | 13,411 | 14,294,836 | ||||||
7.00%, 01/15/26 (Call 01/15/22)(a)(b) | 26,082 | 28,103,094 | ||||||
Vector Group Ltd. | ||||||||
6.13%, 02/01/25 (Call 02/01/21)(b) | 19,427 | 19,632,478 | ||||||
10.50%, 11/01/26 (Call 11/01/21)(a)(b) | 14,582 | 15,610,213 | ||||||
|
| |||||||
77,640,621 | ||||||||
Airlines — 0.8% | ||||||||
American Airlines Group Inc. | ||||||||
3.75%, 03/01/25(a)(b) | 12,709 | 8,357,756 | ||||||
5.00%, 06/01/22(a)(b) | 19,156 | 15,923,425 | ||||||
American Airlines Inc., | 63,201 | 69,837,105 |
Security | Par (000) | Value | ||||||
Airlines (continued) | ||||||||
Delta Air Lines Inc. | ||||||||
2.90%, 10/28/24 (Call 09/28/24)(a) | $ | 22,673 | $ | 21,699,761 | ||||
3.63%, 03/15/22 (Call 02/15/22) | 8,598 | 8,689,781 | ||||||
3.75%, 10/28/29 (Call 07/28/29) | 15,107 | 14,007,505 | ||||||
3.80%, 04/19/23 (Call 03/19/23)(a) | 14,724 | 14,908,050 | ||||||
4.38%, 04/19/28 (Call 01/19/28) | 14,224 | 13,804,688 | ||||||
7.38%, 01/15/26 (Call 12/15/25)(a) | 30,806 | 34,630,956 | ||||||
United Airlines Holdings Inc., | 11,523 | 11,525,305 | ||||||
|
| |||||||
213,384,332 | ||||||||
Apparel — 0.4% | ||||||||
Hanesbrands Inc. | ||||||||
4.63%, 05/15/24 (Call 02/15/24)(a)(b) | 23,579 | 24,787,424 | ||||||
4.88%, 05/15/26 (Call 02/15/26)(a)(b) | 24,158 | 25,904,019 | ||||||
5.38%, 05/15/25 (Call 05/15/22)(a)(b) | 10,528 | 11,205,793 | ||||||
Levi Strauss & Co., 5.00%, 05/01/25 (Call 05/01/21)(a) | 22,437 | 23,067,928 | ||||||
William Carter Co. (The) | ||||||||
5.50%, 05/15/25 (Call 05/15/22)(b) | 13,669 | 14,451,024 | ||||||
5.63%, 03/15/27 (Call 03/15/22)(a)(b) | 13,499 | 14,274,743 | ||||||
|
| |||||||
113,690,931 | ||||||||
Auto Manufacturers — 3.5% | ||||||||
Allison Transmission Inc. | ||||||||
3.75%, 01/30/31 (Call 01/30/26)(a)(b) | 15,985 | 16,104,887 | ||||||
4.75%, 10/01/27 (Call 10/01/22)(a)(b) | 11,617 | 12,283,467 | ||||||
5.88%, 06/01/29 (Call 06/01/24)(a)(b) | 13,937 | 15,544,732 | ||||||
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (Call 11/01/24)(a)(b) | 11,002 | 11,483,338 | ||||||
Fiat Chrysler Automobiles NV, | 39,561 | 42,330,365 | ||||||
Ford Motor Co. | ||||||||
4.35%, 12/08/26 (Call 09/08/26)(a) | 21,972 | 22,960,147 | ||||||
8.50%, 04/21/23 | 83,270 | 93,366,487 | ||||||
9.00%, 04/22/25 (Call 03/22/25) | 86,924 | 105,638,737 | ||||||
9.63%, 04/22/30 (Call 01/22/30)(a) | 27,684 | 38,478,299 | ||||||
Ford Motor Credit Co. LLC | ||||||||
2.98%, 08/03/22 (Call 07/03/22)(a) | 7,601 | 7,617,115 | ||||||
3.09%, 01/09/23(a) | 22,517 | 22,619,903 | ||||||
3.10%, 05/04/23(a) | 14,282 | 14,356,124 | ||||||
3.34%, 03/28/22 (Call 02/28/22) | 4,355 | 4,382,219 | ||||||
3.35%, 11/01/22 | 18,831 | 19,040,966 | ||||||
3.37%, 11/17/23(a) | 18,495 | 18,734,708 | ||||||
3.38%, 11/13/25 (Call 10/13/25) | 17,295 | 17,424,712 | ||||||
3.55%, 10/07/22(a) | 994 | 1,004,644 | ||||||
3.66%, 09/08/24(a) | 12,962 | 13,140,227 | ||||||
3.81%, 01/09/24 (Call 11/09/23)(a) | 13,206 | 13,477,194 | ||||||
3.82%, 11/02/27 (Call 08/02/27)(a) | 13,294 | 13,405,176 | ||||||
4.00%, 11/13/30 (Call 08/13/30) | 6,975 | 7,061,281 | ||||||
4.06%, 11/01/24 (Call 10/01/24)(a) | 21,958 | 22,730,608 | ||||||
4.13%, 08/04/25 | 23,327 | 24,124,093 | ||||||
4.13%, 08/17/27 (Call 06/17/27) | 23,905 | 24,711,794 | ||||||
4.14%, 02/15/23 (Call 01/15/23) | 13,115 | 13,467,753 | ||||||
4.25%, 09/20/22 | 16,734 | 17,149,171 | ||||||
4.27%, 01/09/27 (Call 11/09/26) | 17,367 | 17,969,532 | ||||||
4.38%, 08/06/23(a) | 14,032 | 14,572,671 | ||||||
4.39%, 01/08/26 | 22,327 | 23,210,497 | ||||||
4.54%, 08/01/26 (Call 06/01/26)(a) | 12,733 | 13,368,998 | ||||||
4.69%, 06/09/25 (Call 04/09/25)(a) | 9,889 | 10,465,529 | ||||||
5.11%, 05/03/29 (Call 02/03/29) | 26,563 | 28,753,119 | ||||||
5.13%, 06/16/25 (Call 05/16/25)(a) | 55,295 | 59,702,011 | ||||||
5.58%, 03/18/24 (Call 02/18/24) | 28,708 | 30,836,288 |
1
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Auto Manufacturers (continued) | ||||||||
Jaguar Land Rover Automotive PLC | ||||||||
4.50%, 10/01/27 (Call 07/01/27)(a)(b) | $ | 12,350 | $ | 11,236,030 | ||||
5.63%, 02/01/23 (Call 02/01/21)(b) | 11,808 | 11,674,963 | ||||||
7.75%, 10/15/25 (Call 10/15/22)(b) | 18,415 | 19,773,106 | ||||||
Navistar International Corp. | ||||||||
6.63%, 11/01/25 (Call 11/01/21)(a)(b) | 32,064 | 33,561,389 | ||||||
9.50%, 05/01/25 (Call 04/21/22)(b) | 17,450 | 19,500,375 | ||||||
Tesla Inc., 5.30%, 08/15/25 | 44,563 | 46,387,855 | ||||||
|
| |||||||
953,650,510 | ||||||||
Auto Parts & Equipment — 1.4% | ||||||||
Adient Global Holdings Ltd., | 24,157 | 24,361,066 | ||||||
Adient U.S. LLC | ||||||||
7.00%, 05/15/26 (Call 05/15/22)(a)(b) | 16,012 | 17,339,727 | ||||||
9.00%, 04/15/25 (Call 04/15/22)(a)(b) | 15,453 | 17,217,677 | ||||||
American Axle & Manufacturing Inc. | ||||||||
6.25%, 04/01/25 (Call 04/01/21)(a) | 16,518 | 17,084,237 | ||||||
6.25%, 03/15/26 (Call 03/15/21)(a) | 11,908 | 12,219,759 | ||||||
6.50%, 04/01/27 (Call 04/01/22)(a) | 11,430 | 11,958,638 | ||||||
6.88%, 07/01/28 (Call 07/01/23)(a) | 10,174 | 10,762,184 | ||||||
Clarios Global LP, 6.75%, 05/15/25 (Call 05/15/22)(a)(b) | 10,958 | 11,735,105 | ||||||
Clarios Global LP/Clarios US Finance Co. | ||||||||
6.25%, 05/15/26 (Call 05/15/22)(a)(b) | 24,549 | 26,086,543 | ||||||
8.50%, 05/15/27 (Call 05/15/22)(a)(b) | 51,067 | 54,899,578 | ||||||
Dana Financing Luxembourg Sarl, 5.75%, 04/15/25 (Call 04/15/21)(a)(b) | 9,464 | 9,825,210 | ||||||
Dana Inc. | ||||||||
5.38%, 11/15/27 (Call 11/15/22) | 9,632 | 10,246,040 | ||||||
5.50%, 12/15/24 (Call 12/15/20)(a) | 8,457 | 8,632,060 | ||||||
5.63%, 06/15/28 (Call 06/15/23)(a) | 11,564 | 12,474,665 | ||||||
Goodyear Tire & Rubber Co. (The) | ||||||||
4.88%, 03/15/27 (Call 12/15/26)(a) | 19,586 | 19,774,130 | ||||||
5.00%, 05/31/26 (Call 05/31/21)(a) | 20,266 | 20,600,186 | ||||||
5.13%, 11/15/23 (Call 12/28/20)(a) | 23,298 | 23,281,633 | ||||||
9.50%, 05/31/25 (Call 05/31/22) | 18,113 | 20,433,418 | ||||||
Tenneco Inc. | ||||||||
5.00%, 07/15/26 (Call 07/15/21) | 625 | 561,531 | ||||||
7.88%, 01/15/29 (Call 01/15/24)(b) | 5,998 | 6,612,795 | ||||||
ZF North America Capital Inc. | ||||||||
4.50%, 04/29/22(b) | 15,115 | 15,608,862 | ||||||
4.75%, 04/29/25(a)(b) | 27,263 | 28,912,733 | ||||||
|
| |||||||
380,627,777 | ||||||||
Banks — 1.5% | ||||||||
CIT Group Inc. | ||||||||
3.93%, 06/19/24 (Call 06/19/23)(a)(c) | 11,307 | 11,926,058 | ||||||
4.13%, 03/09/21 (Call 02/09/21) | 395 | 396,652 | ||||||
4.75%, 02/16/24 (Call 11/16/23)(a) | 10,096 | 10,963,415 | ||||||
5.00%, 08/15/22 | 22,914 | 24,374,767 | ||||||
5.00%, 08/01/23 | 16,973 | 18,446,014 | ||||||
5.25%, 03/07/25 (Call 12/07/24) | 11,417 | 12,858,396 | ||||||
6.13%, 03/09/28(a) | 13,190 | 16,179,734 | ||||||
Commerzbank AG, 8.13%, 09/19/23(a)(b) | 26,145 | 30,290,802 | ||||||
Deutsche Bank AG, 4.30%, 05/24/28 (Call 05/24/23)(a)(c) | 36,099 | 36,536,736 | ||||||
Deutsche Bank AG/New York NY | ||||||||
4.88%, 12/01/32 (Call 12/01/27)(a)(c) | 24,932 | 25,780,394 | ||||||
5.88%, 07/08/31 (Call 04/08/30)(a)(c) | 12,468 | 14,358,149 | ||||||
Fifth Third Bancorp., Series H, 5.10%, (Call 06/30/23)(a)(c)(d) | 15,838 | 15,872,646 |
Security | Par (000) | Value | ||||||
Banks (continued) | ||||||||
Freedom Mortgage Corp. | ||||||||
7.63%, 05/01/26 (Call 05/01/23)(b) | $ | 15,480 | $ | 15,788,826 | ||||
8.13%, 11/15/24 (Call 11/15/21)(b) | 9,259 | 9,536,770 | ||||||
8.25%, 04/15/25 (Call 04/15/21)(a)(b) | 17,508 | 18,026,568 | ||||||
Intesa Sanpaolo SpA, 5.02%, 06/26/24(b) | 49,897 | 54,311,188 | ||||||
UniCredit SpA | ||||||||
5.46%, 06/30/35 (Call 06/30/30)(a)(b)(c) | 38,377 | 42,022,746 | ||||||
5.86%, 06/19/32 (Call 06/19/27)(a)(b)(c) | 23,873 | 26,326,958 | ||||||
7.30%, 04/02/34 (Call 04/02/29)(b)(c) | 30,588 | 36,934,799 | ||||||
|
| |||||||
420,931,618 | ||||||||
Building Materials — 0.9% | ||||||||
Builders FirstSource Inc. | ||||||||
5.00%, 03/01/30 (Call 03/01/25)(a)(b) | 15,748 | 16,968,470 | ||||||
6.75%, 06/01/27 (Call 06/01/22)(b) | 16,764 | 18,069,496 | ||||||
Cornerstone Building Brands Inc. | ||||||||
6.13%, 01/15/29 (Call��09/15/23)(a)(b) | 14,215 | 14,987,941 | ||||||
8.00%, 04/15/26 (Call 04/15/21)(a)(b) | 14,266 | 14,970,740 | ||||||
Griffon Corp., 5.75%, 03/01/28 (Call 03/01/23)(a) | 27,088 | 28,703,607 | ||||||
Jeld-Wen Inc. | ||||||||
4.63%, 12/15/25 (Call 12/15/20)(a)(b) | 8,701 | 8,877,351 | ||||||
4.88%, 12/15/27 (Call 12/15/22)(a)(b) | 11,974 | 12,602,635 | ||||||
Standard Industries Inc./NJ | ||||||||
3.38%, 01/15/31 (Call 07/15/25)(a)(b) | 26,807 | 26,899,216 | ||||||
4.38%, 07/15/30 (Call 07/15/25)(a)(b) | 29,050 | 30,689,582 | ||||||
4.75%, 01/15/28 (Call 01/15/23)(a)(b) | 24,822 | 25,999,221 | ||||||
5.00%, 02/15/27 (Call 02/15/22)(a)(b) | 20,997 | 22,010,683 | ||||||
Summit Materials LLC/Summit Materials Finance Corp., 5.25%, 01/15/29 (Call 07/15/23)(b) | 18,642 | 19,450,339 | ||||||
|
| |||||||
240,229,281 | ||||||||
Chemicals — 1.4% | ||||||||
Ashland LLC, 4.75%, 08/15/22 (Call 05/15/22) | 2 | 2,095 | ||||||
Axalta Coating Systems LLC, | 12,715 | 12,801,740 | ||||||
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, | 13,603 | 14,342,606 | ||||||
Blue Cube Spinco LLC | ||||||||
9.75%, 10/15/23 (Call 10/15/21) | 679 | 697,673 | ||||||
10.00%, 10/15/25 (Call 10/15/21) | 5,246 | 5,533,711 | ||||||
CF Industries Inc., 3.45%, 06/01/23 | 14,824 | 15,427,089 | ||||||
Chemours Co. (The) | ||||||||
5.38%, 05/15/27 (Call 02/15/27)(a) | 12,030 | 12,511,200 | ||||||
5.75%, 11/15/28 (Call 11/15/23)(b) | 17,485 | 17,790,988 | ||||||
7.00%, 05/15/25 (Call 05/15/21)(a) | 17,484 | 18,090,695 | ||||||
Methanex Corp. | ||||||||
5.13%, 10/15/27 (Call 04/15/27)(a) | 17,293 | 18,269,333 | ||||||
5.25%, 12/15/29 (Call 09/15/29)(a) | 17,869 | 18,745,474 | ||||||
NOVA Chemicals Corp. | ||||||||
4.88%, 06/01/24 (Call 03/03/24)(a)(b) | 24,426 | 25,305,336 | ||||||
5.00%, 05/01/25 (Call 01/31/25)(a)(b) | 10,848 | 11,234,692 | ||||||
5.25%, 08/01/23 (Call 08/01/21)(a)(b) | 9,211 | 9,240,607 | ||||||
5.25%, 06/01/27 (Call 03/03/27)(a)(b) | 27,072 | 28,221,206 | ||||||
OCI NV | ||||||||
4.63%, 10/15/25 (Call 10/15/22)(a)(b) | 7,650 | 7,965,563 | ||||||
5.25%, 11/01/24 (Call 11/01/21)(b) | 16,481 | 17,129,033 | ||||||
Olin Corp. | ||||||||
5.00%, 02/01/30 (Call 02/01/24)(a) | 14,348 | 14,952,410 | ||||||
5.13%, 09/15/27 (Call 03/15/22)(a) | 9,533 | 9,905,383 | ||||||
5.63%, 08/01/29 (Call 08/01/24)(a) | 19,787 | 21,294,769 |
2
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Chemicals (continued) | ||||||||
9.50%, 06/01/25 (Call 03/01/25)(b) | $ | 12,942 | $ | 15,850,025 | ||||
Tronox Finance PLC, 5.75%, 10/01/25 (Call 10/01/21)(a)(b) | 11,297 | 11,612,375 | ||||||
Tronox Inc. | ||||||||
6.50%, 05/01/25 (Call 05/01/22)(a)(b) | 9,339 | 9,960,510 | ||||||
6.50%, 04/15/26 (Call 04/15/21)(a)(b) | 17,465 | 18,141,419 | ||||||
Valvoline Inc. | ||||||||
4.25%, 02/15/30 (Call 02/15/25)(a)(b) | 15,741 | 16,596,260 | ||||||
4.38%, 08/15/25 (Call 08/15/21)(a) | 15,397 | 15,892,271 | ||||||
WR Grace & Co-Conn, 4.88%, 06/15/27 (Call 06/12/23)(b) | 18,482 | 19,403,790 | ||||||
|
| |||||||
386,918,253 | ||||||||
Commercial Services — 3.6% | ||||||||
ADT Security Corp. (The) | ||||||||
3.50%, 07/15/22(a) | 20,859 | 21,398,425 | ||||||
4.13%, 06/15/23(a) | 19,773 | 20,750,265 | ||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp. | ||||||||
6.63%, 07/15/26 (Call 07/15/22)(a)(b) | 45,432 | 48,663,351 | ||||||
9.75%, 07/15/27 (Call 07/15/22)(a)(b) | 27,694 | 30,671,105 | ||||||
APX Group Inc. | ||||||||
6.75%, 02/15/27 (Call 02/15/23)(a)(b) | 17,673 | 19,035,293 | ||||||
7.63%, 09/01/23 (Call 09/01/21) | 8,286 | 8,581,189 | ||||||
7.88%, 12/01/22 (Call 12/01/20) | 15,846 | 15,905,423 | ||||||
Avis Budget Car Rental LLC/Avis Budget Finance Inc. | ||||||||
5.75%, 07/15/27 (Call 07/15/22)(a)(b) | 10,919 | 10,932,103 | ||||||
10.50%, 05/15/25 (Call 05/15/22)(b) | 10,656 | 12,479,028 | ||||||
Brink’s Co. (The) | ||||||||
4.63%, 10/15/27 (Call 10/15/22)(a)(b) | 14,011 | 14,759,888 | ||||||
5.50%, 07/15/25 (Call 06/18/22)(a)(b) | 10,836 | 11,561,335 | ||||||
Garda World Security Corp. | ||||||||
4.63%, 02/15/27 (Call 02/15/23)(a)(b) | 12,909 | 12,872,118 | ||||||
9.50%, 11/01/27 (Call 11/01/22)(a)(b) | 15,394 | 17,164,310 | ||||||
Gartner Inc. | ||||||||
3.75%, 10/01/30 (Call 10/01/25)(a)(b) | 18,041 | 18,768,413 | ||||||
4.50%, 07/01/28 (Call 07/01/23)(a)(b) | 21,050 | 22,155,125 | ||||||
Herc Holdings Inc., 5.50%, 07/15/27 (Call 07/15/22)(a)(b) | 32,402 | 34,099,774 | ||||||
Jaguar Holding Co. II/PPD Development LP | ||||||||
4.63%, 06/15/25 (Call 06/05/22)(a)(b) | 11,354 | 11,861,307 | ||||||
5.00%, 06/15/28 (Call 06/15/23)(a)(b) | 19,710 | 20,979,062 | ||||||
MPH Acquisition Holdings LLC, | 30,555 | 29,878,971 | ||||||
Nielsen Co Luxembourg SARL (The) | ||||||||
5.00%, 02/01/25 (Call 02/01/21)(a)(b) | 12,979 | 13,348,843 | ||||||
5.50%, 10/01/21 (Call 12/31/20)(a)(b) | 2,173 | 2,162,135 | ||||||
Nielsen Finance LLC/Nielsen Finance Co. | ||||||||
5.00%, 04/15/22 (Call 04/15/21)(a)(b) | 19,386 | 19,419,175 | ||||||
5.63%, 10/01/28 (Call 10/01/23)(a)(b) | 26,091 | 27,779,088 | ||||||
5.88%, 10/01/30 (Call 10/01/25)(a)(b) | 18,957 | 20,805,308 | ||||||
Prime Security Services Borrower LLC/Prime Finance Inc. | ||||||||
3.38%, 08/31/27 (Call 08/31/26)(a)(b) | 23,709 | 23,354,354 | ||||||
5.25%, 04/15/24(a)(b) | 19,393 | 20,487,089 | ||||||
5.75%, 04/15/26(a)(b) | 36,147 | 39,183,648 | ||||||
6.25%, 01/15/28 (Call 01/15/23)(a)(b) | 30,951 | 32,421,172 | ||||||
Refinitiv U.S. Holdings Inc. | ||||||||
6.25%, 05/15/26 (Call 11/15/21)(b) | 28,290 | 30,226,411 | ||||||
8.25%, 11/15/26 (Call 11/15/21)(a)(b) | 36,750 | 40,057,500 |
Security | Par (000) | Value | ||||||
Commercial Services (continued) | ||||||||
Sabre GLBL Inc. | ||||||||
5.25%, 11/15/23 (Call 11/15/21)(a)(b) | $ | 11,293 | $ | 11,368,287 | ||||
7.38%, 09/01/25 (Call 09/01/22)(a)(b) | 20,777 | 22,387,217 | ||||||
9.25%, 04/15/25 (Call 03/16/25)(b) | 20,383 | 23,863,397 | ||||||
Service Corp. International/U.S. | ||||||||
3.38%, 08/15/30 (Call 08/15/25) | 20,079 | 20,580,975 | ||||||
4.63%, 12/15/27 (Call 12/15/22) | 11,456 | 12,190,174 | ||||||
5.13%, 06/01/29 (Call 06/01/24)(a) | 18,453 | 20,509,657 | ||||||
United Rentals North America Inc. | ||||||||
3.88%, 11/15/27 (Call 11/15/22)(a) | 16,808 | 17,592,597 | ||||||
3.88%, 02/15/31 (Call 08/15/25) | 28,130 | 29,377,172 | ||||||
4.00%, 07/15/30 (Call 07/15/25) | 19,422 | 20,474,501 | ||||||
4.88%, 01/15/28 (Call 01/15/23)(a) | 40,385 | 43,033,771 | ||||||
5.25%, 01/15/30 (Call 01/15/25)(a) | 20,071 | 22,429,342 | ||||||
5.50%, 05/15/27 (Call 05/15/22)(a) | 24,005 | 25,835,381 | ||||||
5.88%, 09/15/26 (Call 09/15/21)(a) | 25,154 | 26,658,031 | ||||||
Verscend Escrow Corp., 9.75%, 08/15/26 (Call 08/15/21)(b) | 27,884 | 30,323,850 | ||||||
|
| |||||||
978,385,560 | ||||||||
Computers — 1.1% | ||||||||
Banff Merger Sub Inc., 9.75%, 09/01/26 (Call 09/01/21)(a)(b) | 39,888 | 42,680,160 | ||||||
Dell International LLC/EMC Corp., | 36,235 | 37,552,816 | ||||||
Diebold Nixdorf Inc. | ||||||||
8.50%, 04/15/24 (Call 04/15/21)(a) | 12,284 | 12,253,167 | ||||||
9.38%, 07/15/25 (Call 07/15/22)(a)(b) | 14,424 | 15,820,037 | ||||||
EMC Corp., 3.38%, 06/01/23 | 22,658 | 23,327,750 | ||||||
Exela Intermediate LLC/Exela Finance Inc., 10.00%, 07/15/23 (Call 07/14/21)(a)(b) | 13,666 | 4,133,965 | ||||||
NCR Corp. | ||||||||
5.00%, 10/01/28 (Call 08/20/23)(a)(b) | 16,471 | 17,026,896 | ||||||
5.25%, 10/01/30 (Call 10/01/25)(a)(b) | 12,148 | 12,770,585 | ||||||
5.75%, 09/01/27 (Call 09/01/22)(a)(b) | 11,811 | 12,447,810 | ||||||
6.13%, 09/01/29 (Call 09/01/24)(a)(b) | 13,655 | 14,849,130 | ||||||
8.13%, 04/15/25 (Call 04/15/22)(a)(b) | 5,120 | 5,693,314 | ||||||
Tempo Acquisition LLC/Tempo Acquisition Finance Corp., 6.75%, 06/01/25 (Call 06/01/21)(a)(b) | 30,137 | 31,056,179 | ||||||
Vericast Corp., 8.38%, 08/15/22 (Call 02/15/21)(b) | 13,506 | 13,793,003 | ||||||
Vericast Corp./Harland Clarke/Checks in the Mail/Valassis Comm/Valassis Direct, 12.50%, 05/01/24 (Call 12/20/20)(b) | 4,435 | 4,628,962 | ||||||
Western Digital Corp., 4.75%, 02/15/26 (Call 11/15/25)(a) | 57,193 | 62,501,225 | ||||||
|
| |||||||
310,534,999 | ||||||||
Cosmetics & Personal Care — 0.2% | ||||||||
Avon Products Inc., 7.00%, 03/15/23 | 13,478 | 14,590,070 | ||||||
Edgewell Personal Care Co. | ||||||||
4.70%, 05/24/22(a) | 10,592 | 10,948,421 | ||||||
5.50%, 06/01/28 (Call 06/01/23)(b) | 20,032 | 21,533,999 | ||||||
|
| |||||||
47,072,490 | ||||||||
Distribution & Wholesale — 0.6% | ||||||||
American Builders & Contractors Supply Co. Inc. | ||||||||
4.00%, 01/15/28 (Call 01/15/23)(a)(b) | 17,921 | 18,505,156 | ||||||
5.88%, 05/15/26 (Call 05/15/21)(a)(b) | 12,524 | 13,056,270 | ||||||
Avient Corp. | ||||||||
5.25%, 03/15/23(a) | 12,017 | 12,828,147 | ||||||
5.75%, 05/15/25 (Call 05/15/22)(b) | 15,208 | 16,253,550 | ||||||
Core & Main LP, 6.13%, 08/15/25 (Call 08/15/21)(b) | 18,428 | 18,927,683 |
3
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Distribution & Wholesale (continued) | ||||||||
H&E Equipment Services Co., 3.88%, 12/15/28(b) | $ | 21,065 | $ | 21,065,000 | ||||
Performance Food Group Inc., | 27,384 | 29,129,730 | ||||||
Wolverine Escrow LLC | ||||||||
8.50%, 11/15/24 (Call 11/15/21)(b) | 16,616 | 13,915,900 | ||||||
9.00%, 11/15/26 (Call 11/15/22)(b) | 22,828 | 19,150,156 | ||||||
13.13%, 11/15/27 (Call 11/15/22)(a)(b) | 12,047 | 8,794,310 | ||||||
|
| |||||||
171,625,902 | ||||||||
Diversified Financial Services — 2.4% | ||||||||
AerCap Holdings NV, 5.88%, 10/10/79 (Call 10/10/24)(a)(c) | 17,521 | 16,466,157 | ||||||
Ally Financial Inc., 5.75%, 11/20/25 (Call 10/20/25) | 24,447 | 28,532,768 | ||||||
Genworth Mortgage Holdings Inc., 6.50%, 08/15/25 (Call 02/15/25)(a)(b) | 20,121 | 21,428,865 | ||||||
LPL Holdings Inc. | ||||||||
4.63%, 11/15/27 (Call 11/15/22)(b) | 9,489 | 9,720,601 | ||||||
5.75%, 09/15/25 (Call 03/15/21)(b) | 19,427 | 20,095,289 | ||||||
Nationstar Mortgage Holdings Inc. | ||||||||
5.50%, 08/15/28 (Call 08/15/23)(b) | 21,611 | 22,288,974 | ||||||
6.00%, 01/15/27 (Call 01/15/23)(a)(b) | 16,527 | 17,131,062 | ||||||
9.13%, 07/15/26 (Call 07/15/21)(b) | 12,743 | 13,682,796 | ||||||
Navient Corp. | ||||||||
5.00%, 03/15/27 (Call 09/15/26)(a) | 18,070 | 17,896,076 | ||||||
5.50%, 01/25/23 | 21,314 | 22,075,875 | ||||||
5.88%, 10/25/24(a) | 10,905 | 11,394,486 | ||||||
6.13%, 03/25/24 | 25,018 | 26,545,099 | ||||||
6.50%, 06/15/22(a) | 20,595 | 21,686,535 | ||||||
6.63%, 07/26/21 | 89 | 91,179 | ||||||
6.75%, 06/25/25 | 12,219 | 13,138,327 | ||||||
6.75%, 06/15/26 | 13,209 | 14,174,273 | ||||||
7.25%, 01/25/22(a) | 12,361 | 13,009,952 | ||||||
7.25%, 09/25/23(a) | 13,209 | 14,397,810 | ||||||
NFP Corp., 6.88%, 08/15/28 (Call 08/15/23)(a)(b) | 37,343 | 39,070,114 | ||||||
OneMain Finance Corp. | ||||||||
5.38%, 11/15/29 (Call 05/15/29)(a) | 20,039 | 21,892,607 | ||||||
5.63%, 03/15/23 | 21,585 | 22,916,892 | ||||||
6.13%, 05/15/22(a) | 22,565 | 23,765,781 | ||||||
6.13%, 03/15/24 (Call 09/15/23)(a) | 32,474 | 35,163,659 | ||||||
6.63%, 01/15/28 (Call 07/15/27)(a) | 22,959 | 26,525,844 | ||||||
6.88%, 03/15/25 | 27,173 | 31,085,013 | ||||||
7.13%, 03/15/26 | 39,950 | 46,036,382 | ||||||
7.75%, 10/01/21(a) | 587 | 614,882 | ||||||
8.88%, 06/01/25 (Call 06/01/22)(a) | 13,060 | 14,620,670 | ||||||
Quicken Loans LLC, 5.25%, 01/15/28 (Call 01/15/23)(a)(b) | 26,797 | 28,335,183 | ||||||
Quicken Loans LLC/Quicken Loans | ||||||||
3.63%, 03/01/29 (Call 03/09/23)(a)(b) | 18,695 | 18,580,773 | ||||||
3.88%, 03/01/31 (Call 03/01/26)(a)(b) | 31,398 | 31,796,083 | ||||||
|
| |||||||
644,160,007 | ||||||||
Electric — 2.3% | ||||||||
AES Corp. (The) | ||||||||
5.13%, 09/01/27 (Call 09/01/22)(a) | 10,566 | 11,642,675 | ||||||
5.50%, 04/15/25 (Call 04/15/21)(a) | 8,438 | 8,697,047 | ||||||
6.00%, 05/15/26 (Call 05/15/21)(a) | 7,720 | 8,133,792 | ||||||
Calpine Corp. | ||||||||
4.50%, 02/15/28 (Call 02/15/23)(b) | 31,059 | 32,052,431 | ||||||
4.63%, 02/01/29 (Call 02/01/24)(b) | 15,081 | 15,570,024 | ||||||
5.00%, 02/01/31 (Call 02/01/26)(b) | 21,589 | 22,820,249 | ||||||
5.13%, 03/15/28 (Call 03/15/23)(a)(b) | 36,162 | 38,013,494 |
Security | Par (000) | Value | ||||||
Electric (continued) | ||||||||
5.25%, 06/01/26 (Call 06/01/21)(a)(b) | $ | 24,693 | $ | 25,564,663 | ||||
Clearway Energy Operating LLC | ||||||||
4.75%, 03/15/28 (Call 03/15/23)(a)(b) | 20,703 | 22,137,718 | ||||||
5.75%, 10/15/25 (Call 10/15/21) | 11,222 | 11,841,548 | ||||||
DPL Inc. | ||||||||
4.13%, 07/01/25 (Call 04/01/25)(b) | 7,810 | 8,285,108 | ||||||
4.35%, 04/15/29 (Call 01/15/29)(a) | 9,998 | 11,183,334 | ||||||
Electricite de France SA | ||||||||
5.25%, (Call 01/29/23)(a)(b)(c)(d) | 17,100 | 18,042,455 | ||||||
5.63%, (Call 01/22/24)(a)(b)(c)(d) | 16,903 | 18,280,594 | ||||||
NextEra Energy Operating Partners LP | ||||||||
3.88%, 10/15/26 (Call 07/15/26)(a)(b) | 13,519 | 14,272,684 | ||||||
4.25%, 07/15/24 (Call 04/15/24)(b) | 14,980 | 15,736,640 | ||||||
4.25%, 09/15/24 (Call 07/15/24)(b) | 12,274 | 12,918,385 | ||||||
4.50%, 09/15/27 (Call 06/15/27)(a)(b) | 13,100 | 14,341,981 | ||||||
NRG Energy Inc. | ||||||||
3.38%, 02/15/29 (Call 03/01/24)(b) | 3,635 | 3,712,244 | ||||||
3.63%, 02/15/31 (Call 02/15/26)(b) | 8,710 | 9,020,337 | ||||||
5.25%, 06/15/29 (Call 06/15/24)(a)(b) | 16,815 | 18,360,635 | ||||||
5.75%, 01/15/28 (Call 01/15/23)(a) | 19,649 | 21,443,936 | ||||||
6.63%, 01/15/27 (Call 07/15/21)(a) | 26,989 | 28,471,282 | ||||||
7.25%, 05/15/26 (Call 05/15/21)(a) | 21,833 | 23,147,347 | ||||||
PG&E Corp. | ||||||||
5.00%, 07/01/28 (Call 07/01/23)(a) | 25,597 | 27,317,886 | ||||||
5.25%, 07/01/30 (Call 06/15/25)(a) | 24,738 | 26,884,454 | ||||||
Talen Energy Supply LLC | ||||||||
6.50%, 06/01/25 (Call 06/01/21) | 13,378 | 8,882,573 | ||||||
6.63%, 01/15/28 (Call 01/15/23)(a)(b) | 10,796 | 11,001,124 | ||||||
7.25%, 05/15/27 (Call 05/15/22)(b) | 17,495 | 18,364,501 | ||||||
7.63%, 06/01/28 (Call 06/01/23)(b) | 9,538 | 9,962,243 | ||||||
10.50%, 01/15/26 (Call 01/15/22)(b) | 14,420 | 11,373,631 | ||||||
Vistra Operations Co. LLC | ||||||||
5.00%, 07/31/27 (Call 07/31/22)(a)(b) | 31,023 | 32,729,265 | ||||||
5.50%, 09/01/26 (Call 09/01/21)(a)(b) | 21,160 | 22,140,766 | ||||||
5.63%, 02/15/27 (Call 02/15/22)(a)(b) | 31,193 | 32,949,166 | ||||||
|
| |||||||
615,296,212 | ||||||||
Electrical Components & Equipment — 0.5% | ||||||||
Energizer Holdings Inc. | ||||||||
4.38%, 03/31/29 (Call 09/30/23)(a)(b) | 21,372 | 21,809,058 | ||||||
4.75%, 06/15/28 (Call 07/01/23)(a)(b) | 14,572 | 15,209,525 | ||||||
7.75%, 01/15/27 (Call 01/15/22)(a)(b) | 13,083 | 14,238,710 | ||||||
WESCO Distribution Inc. | ||||||||
7.13%, 06/15/25 (Call 06/15/22)(a)(b) | 35,925 | 39,187,119 | ||||||
7.25%, 06/15/28 (Call 06/15/23)(a)(b) | 35,892 | 40,221,473 | ||||||
|
| |||||||
130,665,885 | ||||||||
Electronics — 0.3% | ||||||||
Sensata Technologies BV | ||||||||
4.88%, 10/15/23(a)(b) | 10,540 | 11,283,981 | ||||||
5.00%, 10/01/25(a)(b) | 16,269 | 17,935,463 | ||||||
5.63%, 11/01/24(b) | 8,486 | 9,504,320 | ||||||
Sensata Technologies Inc. | ||||||||
3.75%, 02/15/31 (Call 02/15/26)(a)(b) | 17,292 | 17,419,126 | ||||||
4.38%, 02/15/30 (Call 11/15/29)(a)(b) | 14,588 | 15,685,163 | ||||||
|
| |||||||
71,828,053 | ||||||||
Energy - Alternate Sources — 0.2% | ||||||||
TerraForm Power Operating LLC | ||||||||
4.25%, 01/31/23 (Call 10/31/22)(a)(b) | 10,639 | 10,971,469 | ||||||
4.75%, 01/15/30 (Call 01/15/25)(a)(b) | 15,388 | 16,691,713 |
4
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Energy - Alternate Sources (continued) | ||||||||
5.00%, 01/31/28 (Call 07/31/27)(a)(b) | $ | 17,352 | $ | 19,388,857 | ||||
|
| |||||||
47,052,039 | ||||||||
Engineering & Construction — 0.4% | ||||||||
AECOM | ||||||||
5.13%, 03/15/27 (Call 12/15/26)(a) | 24,200 | 26,969,555 | ||||||
5.88%, 10/15/24 (Call 07/15/24) | 17,634 | 19,573,740 | ||||||
Brand Industrial Services Inc., | 25,087 | 25,079,160 | ||||||
Fluor Corp. | ||||||||
3.50%, 12/15/24 (Call 09/15/24)(a) | 15,146 | 14,872,339 | ||||||
4.25%, 09/15/28 (Call 06/15/28)(a) | 13,278 | 13,074,088 | ||||||
|
| |||||||
99,568,882 | ||||||||
Entertainment — 2.8% | ||||||||
AMC Entertainment Holdings Inc. | ||||||||
10.50%, 04/15/25 (Call 04/15/22)(b) | 11,215 | 8,766,392 | ||||||
10.50%, 04/24/26 (Call 06/15/22)(b) | 2,477 | 1,857,750 | ||||||
12.00%, 06/15/26 (Call 06/15/23)(b) | 19,731 | 5,080,733 | ||||||
Caesars Entertainment Inc. | ||||||||
6.25%, 07/01/25 (Call 07/01/22)(a)(b) | 83,326 | 88,638,032 | ||||||
8.13%, 07/01/27 (Call 07/01/23)(a)(b) | 44,586 | 48,900,587 | ||||||
Caesars Resort Collection LLC / CRC Finco Inc., 5.75%, 07/01/25 (Call 07/01/22)(b) | 24,139 | 25,534,536 | ||||||
Caesars Resort Collection LLC/CRC Finco Inc., 5.25%, 10/15/25 (Call 10/15/21)(b) | 43,920 | 44,064,642 | ||||||
Cedar Fair LP, 5.25%, 07/15/29 (Call 07/15/24)(a) | 14,182 | 14,536,550 | ||||||
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp., 5.38%, 06/01/24 (Call 06/01/21)(a) | 10,326 | 10,351,815 | ||||||
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op | ||||||||
5.38%, 04/15/27 (Call 04/15/22)(a) | 11,552 | 11,594,008 | ||||||
5.50%, 05/01/25 (Call 05/01/22)(b) | 22,699 | 23,748,261 | ||||||
Churchill Downs Inc. | ||||||||
4.75%, 01/15/28 (Call 01/15/23)(a)(b) | 14,010 | 14,713,302 | ||||||
5.50%, 04/01/27 (Call 04/01/22)(b) | 13,493 | 14,173,783 | ||||||
Cinemark USA Inc. | ||||||||
4.88%, 06/01/23 (Call 06/01/21)(a) | 19,782 | 18,749,380 | ||||||
5.13%, 12/15/22 (Call 12/15/20)(a) | 10,053 | 9,776,543 | ||||||
International Game Technology PLC | ||||||||
5.25%, 01/15/29 (Call 01/15/24)(a)(b) | 19,425 | 20,580,399 | ||||||
6.25%, 02/15/22 (Call 08/15/21)(a)(b) | 18,218 | 18,719,146 | ||||||
6.25%, 01/15/27 (Call 07/15/26)(a)(b) | 19,679 | 21,850,414 | ||||||
6.50%, 02/15/25 (Call 08/15/24)(a)(b) | 27,305 | 30,096,936 | ||||||
Lions Gate Capital Holdings LLC | ||||||||
5.88%, 11/01/24 (Call 11/01/21)(b) | 12,431 | 12,442,301 | ||||||
6.38%, 02/01/24 (Call 02/01/21)(a)(b) | 13,536 | 13,922,317 | ||||||
Live Nation Entertainment Inc. | ||||||||
4.75%, 10/15/27 (Call 10/15/22)(a)(b) | 25,340 | 24,991,575 | ||||||
4.88%, 11/01/24 (Call 11/01/21)(a)(b) | 13,445 | 13,338,560 | ||||||
6.50%, 05/15/27 (Call 05/15/23)(b) | 28,373 | 31,440,831 | ||||||
Scientific Games International Inc. | ||||||||
5.00%, 10/15/25 (Call 10/15/21)(a)(b) | 30,952 | 31,841,870 | ||||||
7.00%, 05/15/28 (Call 05/15/23)(b) | 16,006 | 16,646,240 | ||||||
7.25%, 11/15/29 (Call 11/15/24)(a)(b) | 13,525 | 14,387,219 | ||||||
8.25%, 03/15/26 (Call 03/15/22)(a)(b) | 29,045 | 31,153,667 | ||||||
8.63%, 07/01/25 (Call 07/01/22)(a)(b) | 13,297 | 14,344,006 | ||||||
Six Flags Entertainment Corp. | ||||||||
4.88%, 07/31/24 (Call 07/31/21)(a)(b) | 23,953 | 23,731,435 | ||||||
5.50%, 04/15/27 (Call 04/15/22)(a)(b) | 14,300 | 14,371,500 |
Security | Par (000) | Value | ||||||
Entertainment (continued) | ||||||||
Six Flags Theme Parks Inc., | $ | 16,705 | $ | 18,029,707 | ||||
Stars Group Holdings BV/Stars Group US Co-Borrower LLC, 7.00%, 07/15/26 (Call 07/15/21)(a)(b) | 23,675 | 25,034,198 | ||||||
WMG Acquisition Corp. | ||||||||
3.00%, 02/15/31 (Call 02/15/26)(b) | 12,510 | 12,211,758 | ||||||
3.88%, 07/15/30 (Call 07/15/25)(a)(b) | 12,729 | 13,126,781 | ||||||
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. | ||||||||
5.13%, 10/01/29 (Call 07/01/29)(a)(b) | 18,890 | 19,153,432 | ||||||
7.75%, 04/15/25 (Call 04/15/22)(a)(b) | 15,740 | 16,906,864 | ||||||
|
| |||||||
778,807,470 | ||||||||
Environmental Control — 0.3% | ||||||||
Covanta Holding Corp. | ||||||||
5.00%, 09/01/30 (Call 09/01/25)(a) | 11,729 | 12,507,512 | ||||||
5.88%, 07/01/25 (Call 07/01/21)(a) | 8,160 | 8,498,867 | ||||||
6.00%, 01/01/27 (Call 01/01/22)(a) | 8,810 | 9,333,635 | ||||||
GFL Environmental Inc. | ||||||||
3.75%, 08/01/25 (Call 08/01/22)(b) | 16,545 | 16,917,263 | ||||||
4.00%, 08/01/28 (Call 08/01/23)(b) | 9,585 | 9,537,075 | ||||||
4.25%, 06/01/25 (Call 06/01/22)(a)(b) | 12,150 | 12,566,707 | ||||||
5.13%, 12/15/26 (Call 12/15/22)(a)(b) | 13,742 | 14,532,337 | ||||||
8.50%, 05/01/27 (Call 05/01/22)(a)(b) | 1,425 | 1,574,625 | ||||||
Stericycle Inc., 3.88%, 01/15/29 (Call 11/15/23)(a)(b) | 8,845 | 9,185,422 | ||||||
|
| |||||||
94,653,443 | ||||||||
Food — 3.3% | ||||||||
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC | ||||||||
3.25%, 03/15/26 (Call 09/15/22)(b) | 20,435 | 20,564,196 | ||||||
3.50%, 02/15/23 (Call 12/15/22)(b) | 15,208 | 15,588,200 | ||||||
3.50%, 03/15/29 (Call 09/15/23)(a)(b) | 19,793 | 19,690,902 | ||||||
4.63%, 01/15/27 (Call 01/15/22)(b) | 27,765 | 29,147,142 | ||||||
4.88%, 02/15/30 (Call 02/15/25)(a)(b) | 25,942 | 28,372,765 | ||||||
5.75%, 03/15/25 (Call 09/15/21)(a) | 22,230 | 22,991,378 | ||||||
5.88%, 02/15/28 (Call 08/15/22)(a)(b) | 18,691 | 20,209,831 | ||||||
7.50%, 03/15/26 (Call 03/15/22)(b) | 16,163 | 18,142,968 | ||||||
B&G Foods Inc. | ||||||||
5.25%, 04/01/25 (Call 04/01/21)(a) | 20,560 | 21,311,209 | ||||||
5.25%, 09/15/27 (Call 03/01/22)(a) | 14,649 | 15,269,385 | ||||||
JBS USA LUX SA/JBS USA Finance Inc. | ||||||||
5.75%, 06/15/25 (Call 06/15/21)(a)(b) | 22,731 | 23,391,620 | ||||||
6.75%, 02/15/28 (Call 02/15/23)(a)(b) | 22,935 | 25,615,939 | ||||||
JBS USA LUX SA/JBS USA Food Co./JBS USA Finance Inc. | ||||||||
5.50%, 01/15/30 (Call 01/15/25)(a)(b) | 29,897 | 33,569,249 | ||||||
6.50%, 04/15/29 (Call 04/15/24)(a)(b) | 34,391 | 39,381,994 | ||||||
Kraft Heinz Foods Co. | ||||||||
3.00%, 06/01/26 (Call 03/01/26)(a) | 48,908 | 50,940,127 | ||||||
3.50%, 06/06/22(a) | 3,010 | 3,136,989 | ||||||
3.75%, 04/01/30 (Call 01/01/30)(a)(b) | 22,972 | 24,718,348 | ||||||
3.88%, 05/15/27 (Call 02/15/27)(b) | 34,966 | 37,840,205 | ||||||
3.95%, 07/15/25 (Call 04/15/25)(a) | 38,210 | 41,955,608 | ||||||
4.00%, 06/15/23 (Call 05/15/23)(a) | 6,295 | 6,731,716 | ||||||
4.25%, 03/01/31 (Call 12/01/30)(b) | 35,012 | 38,788,615 | ||||||
4.63%, 01/30/29 (Call 10/30/28)(a) | 29,009 | 33,118,609 | ||||||
Lamb Weston Holdings Inc. | ||||||||
4.63%, 11/01/24 (Call 11/01/21)(a)(b) | 18,401 | 19,151,194 | ||||||
4.88%, 11/01/26 (Call 11/01/21)(b) | 18,364 | 19,108,994 |
5
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Food (continued) | ||||||||
4.88%, 05/15/28 (Call 11/15/27)(a)(b) | $ | 14,361 | $ | 15,913,125 | ||||
Pilgrim’s Pride Corp. | ||||||||
5.75%, 03/15/25 (Call 03/15/21)(a)(b) | 21,864 | 22,437,930 | ||||||
5.88%, 09/30/27 (Call 09/30/22)(a)(b) | 23,665 | 25,525,779 | ||||||
Post Holdings Inc. | ||||||||
4.63%, 04/15/30 (Call 04/15/25)(a)(b) | 44,196 | 46,212,663 | ||||||
5.00%, 08/15/26 (Call 08/15/21)(b) | 37,615 | 38,906,853 | ||||||
5.50%, 12/15/29 (Call 12/15/24)(a)(b) | 17,808 | 19,400,837 | ||||||
5.63%, 01/15/28 (Call 12/01/22)(a)(b) | 23,106 | 24,579,007 | ||||||
5.75%, 03/01/27 (Call 03/01/22)(b) | 29,183 | 30,751,586 | ||||||
TreeHouse Foods Inc. | ||||||||
4.00%, 09/01/28 (Call 09/01/23)(a) | 14,596 | 14,817,859 | ||||||
6.00%, 02/15/24 (Call 02/15/21)(a)(b) | 5,122 | 5,234,395 | ||||||
U.S. Foods Inc. | ||||||||
5.88%, 06/15/24 (Call 06/15/21)(b) | 13,100 | 13,239,515 | ||||||
6.25%, 04/15/25 (Call 04/15/22)(a)(b) | 26,352 | 27,979,236 | ||||||
|
| |||||||
893,735,968 | ||||||||
Food Service — 0.3% | ||||||||
Aramark Services Inc. | ||||||||
4.75%, 06/01/26 (Call 06/01/21) | 13,212 | 13,471,837 | ||||||
5.00%, 04/01/25 (Call 04/01/21)(a)(b) | 12,853 | 13,190,391 | ||||||
5.00%, 02/01/28 (Call 02/01/23)(a)(b) | 29,085 | 30,611,963 | ||||||
6.38%, 05/01/25 (Call 05/01/22)(a)(b) | 35,614 | 37,772,208 | ||||||
|
| |||||||
95,046,399 | ||||||||
Forest Products & Paper — 0.0% | ||||||||
Mercer International Inc., 7.38%, 01/15/25 (Call 01/15/21)(a) | 13,260 | 13,740,675 | ||||||
|
| |||||||
Gas — 0.2% | ||||||||
AmeriGas Partners LP/AmeriGas Finance Corp. | ||||||||
5.50%, 05/20/25 (Call 02/20/25)(a) | 14,562 | 15,939,322 | ||||||
5.63%, 05/20/24 (Call 03/20/24)(a) | 14,950 | 16,332,875 | ||||||
5.75%, 05/20/27 (Call 02/20/27) | 13,506 | 15,341,465 | ||||||
5.88%, 08/20/26 (Call 05/20/26)(a) | 19,030 | 21,329,458 | ||||||
|
| |||||||
68,943,120 | ||||||||
Hand & Machine Tools — 0.1% | ||||||||
Colfax Corp. | ||||||||
6.00%, 02/15/24 (Call 02/15/21)(a)(b) | 11,153 | 11,558,845 | ||||||
6.38%, 02/15/26 (Call 02/15/22)(a)(b) | 12,880 | 13,813,800 | ||||||
|
| |||||||
25,372,645 | ||||||||
Health Care - Products — 0.5% | ||||||||
Avantor Funding Inc., 4.63%, 07/15/28 (Call 07/15/23)(b) | 41,651 | 43,813,649 | ||||||
Hologic Inc. | ||||||||
3.25%, 02/15/29 (Call 09/28/23)(a)(b) | 23,914 | 24,302,603 | ||||||
4.63%, 02/01/28 (Call 02/01/23)(a)(b) | 11,409 | 12,114,932 | ||||||
Ortho-Clinical Diagnostics Inc./Ortho-Clinical Diagnostics SA | ||||||||
7.25%, 02/01/28 (Call 02/01/23)(a)(b) | 18,392 | 19,630,701 | ||||||
7.38%, 06/01/25 (Call 06/01/22)(a)(b) | 9,757 | 10,433,300 | ||||||
Teleflex Inc. | ||||||||
4.25%, 06/01/28 (Call 06/01/23)(b) | 16,571 | 17,465,834 | ||||||
4.63%, 11/15/27 (Call 11/15/22)(a) | 13,720 | 14,566,112 | ||||||
4.88%, 06/01/26 (Call 06/01/21)(a) | 6,787 | 7,058,480 | ||||||
|
| |||||||
149,385,611 | ||||||||
Health Care - Services — 7.0% | ||||||||
Acadia Healthcare Co. Inc. | ||||||||
5.00%, 04/15/29 (Call 10/15/23)(b) | 12,720 | 13,449,746 | ||||||
5.50%, 07/01/28 (Call 07/01/23)(a)(b) | 11,760 | 12,509,700 |
Security | Par (000) | Value | ||||||
Health Care - Services (continued) | ||||||||
5.63%, 02/15/23 (Call 02/15/21) | $ | 22,092 | $ | 22,224,552 | ||||
Centene Corp. | ||||||||
3.00%, 10/15/30 (Call 07/15/30)(a) | 19,616 | 20,584,540 | ||||||
3.38%, 02/15/30 (Call 02/15/25) | 55,646 | 58,428,300 | ||||||
4.25%, 12/15/27 (Call 12/15/22) | 68,077 | 71,945,135 | ||||||
4.63%, 12/15/29 (Call 12/15/24) | 94,490 | 103,601,538 | ||||||
4.75%, 01/15/25 (Call 01/15/21)(a) | 30,202 | 31,087,100 | ||||||
4.75%, 01/15/25 (Call 01/15/21) | 25,592 | 26,341,999 | ||||||
5.38%, 06/01/26 (Call 06/01/21)(a)(b) | 48,603 | 51,093,904 | ||||||
5.38%, 08/15/26 (Call 08/15/21)(a)(b) | 22,893 | 24,076,998 | ||||||
Charles River Laboratories International Inc. | ||||||||
4.25%, 05/01/28 (Call 05/01/23)(a)(b) | 15,490 | 16,260,550 | ||||||
5.50%, 04/01/26 (Call 04/01/21)(b) | 10,912 | 11,455,327 | ||||||
CHS/Community Health Systems Inc. | ||||||||
6.25%, 03/31/23 (Call 03/31/21)(a) | 70,979 | 72,561,122 | ||||||
6.63%, 02/15/25 (Call 02/15/22)(b) | 40,210 | 40,909,654 | ||||||
6.88%, 04/01/28 (Call 04/01/23)(b) | 31,383 | 20,555,865 | ||||||
8.00%, 03/15/26 (Call 03/15/22)(a)(b) | 55,295 | 58,128,869 | ||||||
8.00%, 12/15/27 (Call 12/15/22)(b) | 19,804 | 20,657,948 | ||||||
8.13%, 06/30/24 (Call 06/30/21)(b) | 29,678 | 27,674,735 | ||||||
8.63%, 01/15/24 (Call 01/15/21)(b) | 29,397 | 30,658,563 | ||||||
9.88%, 06/30/23 (Call 06/30/21)(a)(b)(e) | 48,382 | 46,453,706 | ||||||
DaVita Inc. | ||||||||
3.75%, 02/15/31 (Call 02/15/26)(b) | 37,765 | 37,623,381 | ||||||
4.63%, 06/01/30 (Call 06/01/25)(a)(b) | 44,681 | 47,009,162 | ||||||
Encompass Health Corp, 4.63%, 04/01/31 (Call 03/30/26)(a) | 8,325 | 8,878,196 | ||||||
Encompass Health Corp. | ||||||||
4.50%, 02/01/28 (Call 02/01/23)(a) | 23,341 | 24,245,464 | ||||||
4.75%, 02/01/30 (Call 02/01/25) | 23,413 | 24,964,111 | ||||||
HCA Inc. | ||||||||
3.50%, 09/01/30 (Call 03/01/30) | 67,848 | 70,173,205 | ||||||
5.38%, 02/01/25(a) | 61,002 | 68,322,240 | ||||||
5.38%, 09/01/26 (Call 03/01/26)(a) | 24,492 | 27,835,822 | ||||||
5.63%, 09/01/28 (Call 03/01/28) | 39,264 | 46,046,856 | ||||||
5.88%, 05/01/23(a) | 27,029 | 29,579,862 | ||||||
5.88%, 02/15/26 (Call 08/15/25)(a) | 36,889 | 42,468,461 | ||||||
5.88%, 02/01/29 (Call 08/01/28)(a) | 26,427 | 31,497,681 | ||||||
IQVIA Inc. | ||||||||
5.00%, 10/15/26 (Call 10/15/21)(a)(b) | 28,244 | 29,475,003 | ||||||
5.00%, 05/15/27 (Call 05/15/22)(a)(b) | 28,142 | 29,616,523 | ||||||
Legacy LifePoint Health LLC | ||||||||
4.38%, 02/15/27 (Call 02/15/22)(b) | 17,327 | 17,510,233 | ||||||
6.75%, 04/15/25 (Call 04/15/22)(b) | 17,020 | 18,168,850 | ||||||
Lifepoint Health Inc. Co., 5.38%, 01/15/29 | 7,210 | 7,210,000 | ||||||
MEDNAX Inc. | ||||||||
5.25%, 12/01/23 (Call 12/01/20)(a)(b) | 17,717 | 17,897,005 | ||||||
6.25%, 01/15/27 (Call 01/15/22)(a)(b) | 29,318 | 31,286,507 | ||||||
Molina Healthcare Inc. | ||||||||
3.88%, 11/15/30 (Call 08/17/30)(b) | 9,600 | 10,136,604 | ||||||
4.38%, 06/15/28 (Call 06/15/23)(a)(b) | 20,004 | 20,971,593 | ||||||
5.38%, 11/15/22 (Call 08/15/22) | 17,653 | 18,579,783 | ||||||
RegionalCare Hospital Partners Holdings Inc./LifePoint Health Inc., 9.75%, 12/01/26 (Call 12/01/21)(a)(b) | 35,150 | 38,632,662 | ||||||
Select Medical Corp., 6.25%, 08/15/26 (Call 08/15/22)(a)(b) | 33,086 | 35,289,445 | ||||||
Tenet Healthcare Corp. | ||||||||
4.63%, 07/15/24 (Call 07/15/21)(a) | 43,900 | 44,627,265 | ||||||
4.63%, 09/01/24 (Call 09/01/21)(a)(b) | 15,013 | 15,467,534 | ||||||
4.63%, 06/15/28 (Call 06/15/23)(b) | 15,096 | 15,572,782 |
6
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Health Care - Services (continued) | ||||||||
4.88%, 01/01/26 (Call 03/01/22)(a)(b) | $ | 53,666 | $ | 55,409,308 | ||||
5.13%, 05/01/25 (Call 05/01/21)(a) | 35,360 | 35,711,832 | ||||||
5.13%, 11/01/27 (Call 11/01/22)(b) | 37,197 | 38,796,471 | ||||||
6.13%, 10/01/28 (Call 10/01/23)(a)(b) | 61,014 | 61,781,757 | ||||||
6.25%, 02/01/27 (Call 02/01/22)(a)(b) | 36,654 | 38,395,065 | ||||||
6.75%, 06/15/23 | 49,180 | 52,868,500 | ||||||
7.00%, 08/01/25 (Call 08/01/21)(a) | 10,051 | 10,376,351 | ||||||
7.50%, 04/01/25 (Call 04/01/22)(a)(b) | 15,495 | 16,896,317 | ||||||
|
| |||||||
1,899,981,682 | ||||||||
Holding Companies - Diversified — 0.6% | ||||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. | ||||||||
4.75%, 09/15/24 (Call 06/15/24) | 24,564 | 25,300,920 | ||||||
5.25%, 05/15/27 (Call 11/15/26) | 28,290 | 29,865,439 | ||||||
6.25%, 02/01/22 (Call 02/01/21) | 23,998 | 24,132,989 | ||||||
6.25%, 05/15/26 (Call 05/15/22)(a) | 30,933 | 32,351,897 | ||||||
6.38%, 12/15/25 (Call 12/15/20) | 17,646 | 18,153,322 | ||||||
6.75%, 02/01/24 (Call 02/01/21) | 15,755 | 16,111,457 | ||||||
Stena AB, 7.00%, 02/01/24(a)(b) | 13,422 | 13,136,782 | ||||||
|
| |||||||
159,052,806 | ||||||||
Home Builders — 1.2% | ||||||||
Brookfield Residential Properties Inc./Brookfield Residential U.S. Corp. | ||||||||
4.88%, 02/15/30 (Call 02/15/25)(a)(b) | 12,817 | 12,675,479 | ||||||
6.25%, 09/15/27 (Call 09/15/22)(a)(b) | 13,194 | 13,900,429 | ||||||
KB Home, 7.00%, 12/15/21 (Call 09/15/21)(a) | 5,060 | 5,268,725 | ||||||
Lennar Corp. | ||||||||
4.13%, 01/15/22 (Call 10/15/21) | 8,091 | 8,308,891 | ||||||
4.50%, 04/30/24 (Call 01/30/24) | 15,322 | 16,938,471 | ||||||
4.75%, 11/15/22 (Call 08/15/22) | 12,381 | 13,185,270 | ||||||
4.75%, 05/30/25 (Call 02/28/25)(a) | 10,221 | 11,728,597 | ||||||
4.75%, 11/29/27 (Call 05/29/27)(a) | 25,643 | 30,387,842 | ||||||
4.88%, 12/15/23 (Call 09/15/23)(a) | 6,976 | 7,713,712 | ||||||
5.88%, 11/15/24 (Call 05/15/24) | 9,761 | 11,275,060 | ||||||
Mattamy Group Corp. | ||||||||
4.63%, 03/01/30 (Call 03/01/25)(a)(b) | 16,296 | 17,110,800 | ||||||
5.25%, 12/15/27 (Call 12/15/22)(a)(b) | 9,741 | 10,325,460 | ||||||
Meritage Homes Corp., 6.00%, 06/01/25 (Call 03/01/25) | 10,956 | 12,403,105 | ||||||
Picasso Finance Sub Inc., 6.13%, 06/15/25 (Call 06/15/22)(a)(b) | 15,257 | 16,318,056 | ||||||
PulteGroup Inc. | ||||||||
5.00%, 01/15/27 (Call 10/15/26)(a) | 14,366 | 16,969,837 | ||||||
5.50%, 03/01/26 (Call 12/01/25)(a) | 16,671 | 20,021,871 | ||||||
Taylor Morrison Communities Inc. | ||||||||
5.13%, 08/01/30 (Call 02/01/30)(b) | 13,315 | 14,781,980 | ||||||
5.75%, 01/15/28 (Call 10/15/27)(a)(b) | 11,793 | 13,338,971 | ||||||
5.88%, 06/15/27 (Call 03/15/27)(b) | 10,470 | 11,834,241 | ||||||
Toll Brothers Finance Corp. | ||||||||
3.80%, 11/01/29 (Call 08/01/29)(a) | 11,073 | 11,982,841 | ||||||
4.35%, 02/15/28 (Call 11/15/27)(a) | 10,530 | 11,661,975 | ||||||
4.38%, 04/15/23 (Call 01/15/23)(a) | 7,046 | 7,477,568 | ||||||
4.88%, 03/15/27 (Call 12/15/26) | 11,255 | 12,948,864 | ||||||
5.88%, 02/15/22 (Call 11/15/21)(a) | 3,849 | 4,002,960 | ||||||
TRI Pointe Group Inc./TRI Pointe Homes Inc., 5.88%, 06/15/24 | 11,766 | 12,839,059 | ||||||
Williams Scotsman International Inc., 4.63%, 08/15/28 (Call 08/15/23)(b) | 12,158 | 12,591,819 | ||||||
|
| |||||||
337,991,883 |
Security | Par (000) | Value | ||||||
Home Furnishings — 0.1% | ||||||||
Tempur Sealy International Inc. | ||||||||
5.50%, 06/15/26 (Call 06/15/21)(a) | $ | 15,368 | $ | 16,027,287 | ||||
5.63%, 10/15/23 (Call 10/15/21)(a) | 6,058 | 6,157,654 | ||||||
|
| |||||||
22,184,941 | ||||||||
Household Products & Wares — 0.2% | ||||||||
Prestige Brands Inc. | ||||||||
5.13%, 01/15/28 (Call 01/15/23)(a)(b) | 11,770 | 12,452,660 | ||||||
6.38%, 03/01/24 (Call 03/01/21)(a)(b) | 12,254 | 12,557,654 | ||||||
Spectrum Brands Inc., 5.75%, 07/15/25 (Call 07/15/21)(a) | 22,503 | 23,229,847 | ||||||
|
| |||||||
48,240,161 | ||||||||
Housewares — 0.4% | ||||||||
Newell Brands Inc. | ||||||||
4.35%, 04/01/23 (Call 02/01/23)(a) | 29,046 | 30,607,222 | ||||||
4.70%, 04/01/26 (Call 01/01/26) | 49,885 | 53,813,444 | ||||||
4.88%, 06/01/25 (Call 05/01/25)(a) | 14,498 | 16,038,413 | ||||||
|
| |||||||
100,459,079 | ||||||||
Insurance — 0.7% | ||||||||
Acrisure LLC/Acrisure Finance Inc. | ||||||||
7.00%, 11/15/25 (Call 11/15/21)(a)(b) | 25,091 | 25,758,192 | ||||||
8.13%, 02/15/24 (Call 02/15/21)(b) | 22,769 | 23,874,246 | ||||||
10.13%, 08/01/26 (Call 08/01/22)(a)(b) | 9,083 | 10,286,498 | ||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | ||||||||
4.25%, 10/15/27 (Call 10/15/23)(b) | 16,095 | 16,305,169 | ||||||
6.75%, 10/15/27 (Call 10/15/22)(a)(b) | 27,723 | 29,652,058 | ||||||
Genworth Holdings Inc., 7.63%, 09/24/21 | 827 | 831,135 | ||||||
HUB International Ltd., 7.00%, 05/01/26 (Call 05/01/21)(a)(b) | 42,290 | 44,044,523 | ||||||
Radian Group Inc. | ||||||||
4.50%, 10/01/24 (Call 07/01/24) | 10,153 | 10,518,738 | ||||||
4.88%, 03/15/27 (Call 09/15/26) | 13,235 | 14,054,552 | ||||||
6.63%, 03/15/25 (Call 09/15/24)(a) | 12,059 | 13,380,852 | ||||||
|
| |||||||
188,705,963 | ||||||||
Internet — 1.9% | ||||||||
Arches Buyer Inc. | ||||||||
4.25%, 06/01/28 (Call 12/01/23)(b) | 4,600 | 4,611,500 | ||||||
6.13%, 12/01/28 (Call 12/01/23)(b) | 2,220 | 2,278,275 | ||||||
Match Group Holdings II LLC | ||||||||
4.13%, 08/01/30 (Call 05/01/25)(a)(b) | 12,710 | 13,191,255 | ||||||
4.63%, 06/01/28 (Call 06/01/23)(b) | 11,635 | 12,186,020 | ||||||
5.00%, 12/15/27 (Call 12/15/22)(a)(b) | 9,213 | 9,740,828 | ||||||
Netflix Inc. | ||||||||
3.63%, 06/15/25 (Call 03/15/25)(a)(b) | 9,210 | 9,762,600 | ||||||
4.38%, 11/15/26(a) | 24,427 | 27,052,902 | ||||||
4.88%, 04/15/28(a) | 41,915 | 47,992,675 | ||||||
4.88%, 06/15/30 (Call 03/15/30)(a)(b) | 24,756 | 28,686,015 | ||||||
5.38%, 11/15/29(a)(b) | 22,451 | 26,835,680 | ||||||
5.50%, 02/15/22(a) | 10,508 | 11,046,535 | ||||||
5.75%, 03/01/24(a) | 8,820 | 9,872,932 | ||||||
5.88%, 02/15/25(a) | 16,889 | 19,211,238 | ||||||
5.88%, 11/15/28(a) | 45,933 | 55,578,930 | ||||||
6.38%, 05/15/29(a) | 22,110 | 27,688,132 | ||||||
NortonLifeLock Inc. | ||||||||
3.95%, 06/15/22 (Call 03/15/22)(a) | 8,988 | 9,190,890 | ||||||
5.00%, 04/15/25 (Call 04/15/21)(a)(b) | 25,625 | 26,165,662 | ||||||
Photo Holdings Merger Sub Inc., | 19,930 | 19,954,912 |
7
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Internet (continued) | ||||||||
Uber Technologies Inc. | ||||||||
6.25%, 01/15/28 (Call 12/17/23)(a)(b) | $ | 14,239 | $ | 15,138,646 | ||||
7.50%, 05/15/25 (Call 05/15/22)(b) | 20,708 | 22,209,330 | ||||||
7.50%, 09/15/27 (Call 09/15/22)(b) | 31,605 | 34,438,164 | ||||||
8.00%, 11/01/26 (Call 11/01/21)(b) | 35,438 | 38,264,180 | ||||||
VeriSign Inc. | ||||||||
4.63%, 05/01/23 (Call 05/01/21)(a) | 15,171 | 15,309,672 | ||||||
4.75%, 07/15/27 (Call 07/15/22)(a) | 11,770 | 12,603,316 | ||||||
5.25%, 04/01/25 (Call 01/01/25)(a) | 14,412 | 16,357,620 | ||||||
|
| |||||||
515,367,909 | ||||||||
Iron & Steel — 0.7% | ||||||||
Allegheny Technologies Inc., | 11,602 | 12,559,165 | ||||||
ArcelorMittal SA | ||||||||
3.60%, 07/16/24(a) | 14,492 | 15,364,262 | ||||||
4.25%, 07/16/29(a) | 13,913 | 15,260,453 | ||||||
4.55%, 03/11/26(a) | 20,034 | 21,893,155 | ||||||
6.13%, 06/01/25(a) | 1,456 | 1,700,784 | ||||||
Cleveland-Cliffs Inc. | ||||||||
4.88%, 01/15/24 (Call 01/15/21)(b) | 8,284 | 8,417,207 | ||||||
5.88%, 06/01/27 (Call 06/01/22) | 15,675 | 15,635,812 | ||||||
6.75%, 03/15/26 (Call 03/04/23)(a)(b) | 19,967 | 21,539,401 | ||||||
9.88%, 10/17/25 (Call 10/17/22)(b) | 22,431 | 26,160,154 | ||||||
U.S. Steel Corp. | ||||||||
6.25%, 03/15/26 (Call 03/15/21)(a) | 16,694 | 14,786,711 | ||||||
6.88%, 08/15/25 (Call 08/15/21)(a) | 19,305 | 17,930,484 | ||||||
United States Steel Corp., 12.00%, 06/01/25 (Call 06/01/22)(b) | 24,813 | 28,290,790 | ||||||
|
| |||||||
199,538,378 | ||||||||
Leisure Time — 0.7% | ||||||||
Carnival Corp. | ||||||||
9.88%, 08/01/27 (Call 02/01/24)(a)(b) | 20 | 23,450 | ||||||
10.50%, 02/01/26 (Call 08/01/23)(a)(b) | 17,465 | 20,594,841 | ||||||
NCL Corp. Ltd. | ||||||||
3.63%, 12/15/24 (Call 12/15/21)(a)(b) | 13,908 | 12,458,091 | ||||||
10.25%, 02/01/26 (Call 08/01/23)(b) | 18,119 | 20,571,600 | ||||||
12.25%, 05/15/24 (Call 02/15/24)(a)(b) | 17,925 | 21,241,125 | ||||||
Royal Caribbean Cruises Ltd. | ||||||||
3.70%, 03/15/28 (Call 12/15/27) | 3,755 | 3,318,776 | ||||||
5.25%, 11/15/22 | 14,461 | 14,314,185 | ||||||
9.13%, 06/15/23 (Call 03/15/23)(a)(b) | 27,910 | 30,193,736 | ||||||
Viking Cruises Ltd. | ||||||||
5.88%, 09/15/27 (Call 09/15/22)(b) | 20,158 | 19,019,914 | ||||||
13.00%, 05/15/25 (Call 05/15/22)(b) | 17,571 | 20,660,233 | ||||||
VOC Escrow Ltd., 5.00%, 02/15/28 (Call 02/15/23)(b) | 17,196 | 16,571,355 | ||||||
|
| |||||||
178,967,306 | ||||||||
Lodging — 3.3% | ||||||||
Boyd Gaming Corp. | ||||||||
4.75%, 12/01/27 (Call 12/01/22)(a) | 26,180 | 26,449,654 | ||||||
6.00%, 08/15/26 (Call 08/15/21)(a) | 16,100 | 16,710,853 | ||||||
6.38%, 04/01/26 (Call 04/01/21)(a) | 16,999 | 17,657,711 | ||||||
8.63%, 06/01/25 (Call 06/01/22)(a)(b) | 14,146 | 15,649,013 | ||||||
Diamond Resorts International Inc. | ||||||||
7.75%, 09/01/23 (Call 09/01/21)(b) | 13,063 | 13,111,986 | ||||||
10.75%, 09/01/24 (Call 09/01/21)(a)(b) | 14,615 | 13,999,953 | ||||||
Hilton Domestic Operating Co. Inc. | ||||||||
3.75%, 05/01/29 (Call 05/01/24)(b) | 8,190 | 8,406,707 | ||||||
4.00%, 05/01/31 (Call 05/01/26)(b) | 7,415 | 7,785,750 | ||||||
4.25%, 09/01/24 (Call 09/01/21) | 20,220 | 20,423,312 |
Security | Par (000) | Value | ||||||
Lodging (continued) | ||||||||
4.88%, 01/15/30 (Call 01/15/25) | $ | 23,688 | $ | 25,597,727 | ||||
5.13%, 05/01/26 (Call 05/01/21) | 33,893 | 35,095,863 | ||||||
5.38%, 05/01/25 (Call 05/01/22)(a)(b) | 11,726 | 12,424,401 | ||||||
5.75%, 05/01/28 (Call 05/01/23)(b) | 12,155 | 13,066,625 | ||||||
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp. | ||||||||
4.63%, 04/01/25 (Call 04/01/21) | 20,852 | 21,317,990 | ||||||
4.88%, 04/01/27 (Call 04/01/22) | 13,676 | 14,274,325 | ||||||
Marriott Ownership Resorts Inc., | 13,324 | 14,171,140 | ||||||
Marriott Ownership Resorts Inc./ILG LLC, 6.50%, 09/15/26 (Call 09/15/21) | 17,338 | 18,279,453 | ||||||
Melco Resorts Finance Ltd. | ||||||||
4.88%, 06/06/25 (Call 06/06/21)(a)(b) | 23,310 | 23,819,990 | ||||||
5.25%, 04/26/26 (Call 04/26/22)(a)(b) | 12,390 | 12,810,593 | ||||||
5.38%, 12/04/29 (Call 12/04/24)(b) | 22,020 | 22,585,707 | ||||||
5.63%, 07/17/27 (Call 07/17/22)(b) | 15,151 | 15,752,369 | ||||||
5.75%, 07/21/28 (Call 07/21/23)(b) | 19,496 | 20,502,668 | ||||||
MGM China Holdings Ltd. | ||||||||
5.25%, 06/18/25 (Call 06/16/22)(a)(b) | 9,840 | 10,098,824 | ||||||
5.38%, 05/15/24 (Call 05/15/21)(b) | 18,883 | 19,501,709 | ||||||
5.88%, 05/15/26 (Call 05/15/22)(a)(b) | 19,065 | 19,853,656 | ||||||
MGM Resorts International | ||||||||
4.63%, 09/01/26 (Call 06/01/26)(a) | 10,397 | 10,676,919 | ||||||
4.75%, 10/15/28 (Call 07/15/28)(a) | 20,599 | 21,385,289 | ||||||
5.50%, 04/15/27 (Call 01/15/27)(a) | 16,951 | 18,196,051 | ||||||
5.75%, 06/15/25 (Call 03/15/25)(a) | 15,307 | 16,534,748 | ||||||
6.00%, 03/15/23 | 29,627 | 31,694,372 | ||||||
6.75%, 05/01/25 (Call 05/01/22)(a) | 16,721 | 17,954,174 | ||||||
7.75%, 03/15/22 | 19,290 | 20,595,933 | ||||||
Station Casinos LLC | ||||||||
4.50%, 02/15/28 (Call 02/15/23)(a)(b) | 17,431 | 17,169,535 | ||||||
5.00%, 10/01/25 (Call 10/01/21)(b) | 13,546 | 13,623,608 | ||||||
Studio City Finance Ltd. | ||||||||
6.00%, 07/15/25 (Call 07/15/22)(b) | 10,674 | 11,181,068 | ||||||
6.50%, 01/15/28 (Call 07/15/23)(a)(b) | 13,699 | 14,445,424 | ||||||
7.25%, 02/11/24 (Call 02/11/21)(b) | 9,360 | 9,744,984 | ||||||
Wyndham Destinations Inc. | ||||||||
3.90%, 03/01/23 (Call 12/01/22) | 8,536 | 8,665,980 | ||||||
4.25%, 03/01/22 (Call 12/01/21) | 11,903 | 12,127,610 | ||||||
6.00%, 04/01/27 (Call 01/01/27) | 10,011 | 10,944,926 | ||||||
6.63%, 07/31/26 (Call 04/30/26)(b) | 16,244 | 18,156,325 | ||||||
Wyndham Hotels & Resorts Inc. | ||||||||
4.38%, 08/15/28 (Call 08/15/23)(a)(b) | 13,484 | 13,775,721 | ||||||
5.38%, 04/15/26 (Call 04/15/21)(b) | 10,025 | 10,341,289 | ||||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp. | ||||||||
4.25%, 05/30/23 (Call 02/28/23)(a)(b) | 11,613 | 11,630,967 | ||||||
5.25%, 05/15/27 (Call 02/15/27)(a)(b) | 22,534 | 22,773,424 | ||||||
5.50%, 03/01/25 (Call 12/01/24)(a)(b) | 45,018 | 45,918,360 | ||||||
Wynn Macau Ltd. | ||||||||
4.88%, 10/01/24 (Call 10/01/21)(b) | 14,260 | 14,293,587 | ||||||
5.13%, 12/15/29 (Call 12/15/24)(a)(b) | 23,275 | 23,284,699 | ||||||
5.50%, 01/15/26 (Call 06/15/22)(a)(b) | 25,698 | 26,104,884 | ||||||
5.50%, 10/01/27 (Call 10/01/22)(a)(b) | 18,310 | 18,623,887 | ||||||
5.63%, 08/26/28 (Call 08/26/23)(b) | 15,065 | 15,342,628 | ||||||
|
| |||||||
894,534,371 | ||||||||
Machinery — 0.3% | ||||||||
Titan Acquisition Ltd./Titan Co-Borrower LLC, 7.75%, 04/15/26 (Call 04/15/21)(a)(b) | 17,030 | 17,692,954 |
8
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Machinery (continued) | ||||||||
Vertical Holdco GmbH, 7.63%, 07/15/28 (Call 07/15/23)(a)(b) | $ | 12,120 | $ | 12,998,700 | ||||
Vertical U.S. Newco Inc., 5.25%, 07/15/27 (Call 07/15/23)(a)(b) | 38,927 | 40,816,053 | ||||||
|
| |||||||
71,507,707 | ||||||||
Manufacturing — 0.8% | ||||||||
Bombardier Inc. | ||||||||
5.75%, 03/15/22(b) | 11,078 | 10,938,223 | ||||||
6.00%, 10/15/22 (Call 12/29/20)(a)(b) | 32,156 | 30,554,631 | ||||||
6.13%, 01/15/23(a)(b) | 32,600 | 30,481,000 | ||||||
7.50%, 12/01/24 (Call 12/01/20)(b) | 25,034 | 22,414,943 | ||||||
7.50%, 03/15/25 (Call 03/15/21)(a)(b) | 36,598 | 31,565,775 | ||||||
7.88%, 04/15/27 (Call 04/15/22)(a)(b) | 49,438 | 42,145,895 | ||||||
8.75%, 12/01/21(a)(b) | 21,453 | 21,929,615 | ||||||
FXI Holdings Inc. | ||||||||
7.88%, 11/01/24 (Call 11/01/21)(b) | 13,149 | 13,149,000 | ||||||
12.25%, 11/15/26 (Call 11/15/22)(a)(b) | 21,098 | 23,787,995 | ||||||
|
| |||||||
226,967,077 | ||||||||
Media — 9.7% | ||||||||
Altice Financing SA | ||||||||
5.00%, 01/15/28 (Call 01/15/23)(a)(b) | 31,980 | 32,715,604 | ||||||
7.50%, 05/15/26 (Call 05/15/21)(b) | 63,544 | 67,038,920 | ||||||
AMC Networks Inc. | ||||||||
4.75%, 12/15/22 (Call 12/15/20) | 7,584 | 7,584,000 | ||||||
4.75%, 08/01/25 (Call 08/01/21)(a) | 21,941 | 22,626,656 | ||||||
5.00%, 04/01/24 (Call 04/01/21)(a) | 23,194 | 23,608,477 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp. | ||||||||
4.00%, 03/01/23 (Call 11/01/21)(a)(b) | 11,121 | 11,224,349 | ||||||
4.25%, 02/01/31 (Call 07/01/25)(a)(b) | 72,898 | 75,624,385 | ||||||
4.50%, 08/15/30 (Call 02/15/25)(b) | 72,241 | 76,123,954 | ||||||
4.50%, 05/01/32 (Call 05/01/26)(b) | 70,623 | 74,198,289 | ||||||
4.75%, 03/01/30 (Call 09/01/24)(b) | 76,604 | 81,273,014 | ||||||
5.00%, 02/01/28 (Call 08/01/22)(a)(b) | 65,115 | 68,515,377 | ||||||
5.13%, 05/01/27 (Call 05/01/22)(b) | 80,542 | 84,846,970 | ||||||
5.38%, 06/01/29 (Call 06/01/24)(a)(b) | 39,472 | 43,123,160 | ||||||
5.50%, 05/01/26 (Call 05/01/21)(a)(b) | 36,617 | 38,136,605 | ||||||
5.75%, 02/15/26 (Call 02/15/21)(b) | 59,408 | 61,508,073 | ||||||
5.88%, 05/01/27 (Call 05/01/21)(a)(b) | 20,107 | 21,011,815 | ||||||
Clear Channel Worldwide Holdings Inc. | ||||||||
5.13%, 08/15/27 (Call 08/15/22)(a)(b) | 30,610 | 30,916,100 | ||||||
9.25%, 02/15/24 (Call 02/15/21)(a) | 49,208 | 49,269,510 | ||||||
CSC Holdings LLC | ||||||||
3.38%, 02/15/31 (Call 02/15/26)(a)(b) | 23,834 | 23,208,358 | ||||||
4.13%, 12/01/30 (Call 12/01/25)(a)(b) | 27,762 | 28,703,826 | ||||||
4.63%, 12/01/30 (Call 12/01/25)(a)(b) | 58,809 | 60,202,773 | ||||||
5.25%, 06/01/24(a) | 19,192 | 20,703,370 | ||||||
5.38%, 02/01/28 (Call 02/01/23)(a)(b) | 22,048 | 23,393,724 | ||||||
5.50%, 05/15/26 (Call 05/15/21)(a)(b) | 37,656 | 39,133,998 | ||||||
5.50%, 04/15/27 (Call 04/15/22)(a)(b) | 26,042 | 27,458,034 | ||||||
5.75%, 01/15/30 (Call 01/15/25)(a)(b) | 57,456 | 62,196,120 | ||||||
5.88%, 09/15/22 | 15,331 | 16,308,351 | ||||||
6.50%, 02/01/29 (Call 02/01/24)(a)(b) | 41,736 | 46,555,185 | ||||||
6.75%, 11/15/21 | 22,198 | 23,186,677 | ||||||
7.50%, 04/01/28 (Call 04/01/23)(a)(b) | 26,150 | 29,173,594 | ||||||
Diamond Sports Group LLC/Diamond Sports Finance Co. | ||||||||
5.38%, 08/15/26 (Call 08/15/22)(b) | 70,738 | 54,468,260 | ||||||
6.63%, 08/15/27 (Call 08/15/22)(a)(b) | 37,980 | 21,715,065 |
Security | Par (000) | Value | ||||||
Media (continued) | ||||||||
DISH DBS Corp. | ||||||||
5.00%, 03/15/23(a) | $ | 35,979 | $ | 37,418,160 | ||||
5.88%, 07/15/22 | 45,815 | 48,152,939 | ||||||
5.88%, 11/15/24(a) | 49,638 | 52,817,934 | ||||||
7.38%, 07/01/28 (Call 07/01/23)(a) | 25,239 | 27,336,992 | ||||||
7.75%, 07/01/26(a) | 49,504 | 56,362,997 | ||||||
Gray Television Inc. | ||||||||
4.75%, 10/15/30 (Call 10/15/25)(a)(b) | 20,614 | 20,871,675 | ||||||
5.88%, 07/15/26 (Call 07/15/21)(a)(b) | 17,148 | 17,958,958 | ||||||
7.00%, 05/15/27 (Call 05/15/22)(a)(b) | 20,110 | 22,171,275 | ||||||
iHeartCommunications Inc. | ||||||||
4.75%, 01/15/28 (Call 01/15/23)(a)(b) | 12,745 | 12,852,271 | ||||||
5.25%, 08/15/27 (Call 08/15/22)(a)(b) | 16,725 | 17,140,292 | ||||||
6.38%, 05/01/26 (Call 05/01/22) | 18,213 | 19,305,406 | ||||||
8.38%, 05/01/27 (Call 05/01/22)(a) | 39,055 | 41,525,686 | ||||||
LCPR Senior Secured Financing DAC, 6.75%, 10/15/27 (Call 10/15/22)(a)(b) | 34,515 | 37,564,400 | ||||||
Meredith Corp., 6.88%, 02/01/26 (Call 02/01/21)(a) | 32,338 | 32,043,495 | ||||||
Nexstar Broadcasting Inc. | ||||||||
4.75%, 11/01/28 (Call 11/01/23)(a)(b) | 25,858 | 26,573,354 | ||||||
5.63%, 07/15/27 (Call 07/15/22)(a)(b) | 43,929 | 46,796,299 | ||||||
Quebecor Media Inc., 5.75%, 01/15/23(a) | 20,874 | 22,564,794 | ||||||
Radiate Holdco LLC/Radiate Finance Inc. | ||||||||
4.50%, 09/15/26 (Call 09/15/23)(a)(b) | 21,789 | 22,684,092 | ||||||
6.50%, 09/15/28 (Call 09/15/23)(a)(b) | 26,782 | 28,553,629 | ||||||
Sinclair Television Group Inc. | ||||||||
4.13%, 12/01/30 (Call 11/19/25)(b) | 5,015 | 5,021,269 | ||||||
5.13%, 02/15/27 (Call 08/15/21)(a)(b) | 10,255 | 10,114,705 | ||||||
5.50%, 03/01/30 (Call 12/01/24)(a)(b) | 12,846 | 12,858,075 | ||||||
5.63%, 08/01/24 (Call 08/01/21)(a)(b) | 13,347 | 13,599,258 | ||||||
Sirius XM Radio Inc. | ||||||||
3.88%, 08/01/22 (Call 08/01/21)(a)(b) | 25,329 | 25,669,824 | ||||||
4.13%, 07/01/30 (Call 07/01/25)(a)(b) | 38,546 | 40,401,026 | ||||||
4.63%, 07/15/24 (Call 07/15/21)(a)(b) | 35,538 | 36,790,714 | ||||||
5.00%, 08/01/27 (Call 08/01/22)(b) | 35,227 | 37,083,463 | ||||||
5.38%, 07/15/26 (Call 07/15/21)(a)(b) | 23,286 | 24,257,271 | ||||||
5.50%, 07/01/29 (Call 07/01/24)(a)(b) | 32,311 | 35,461,323 | ||||||
TEGNA Inc. | ||||||||
4.63%, 03/15/28 (Call 03/15/23)(a)(b) | 25,825 | 26,373,781 | ||||||
4.75%, 03/15/26 (Call 03/15/23)(a)(b) | 12,026 | 12,762,593 | ||||||
5.00%, 09/15/29 (Call 09/15/24)(a) | 28,362 | 29,815,553 | ||||||
Telenet Finance Luxembourg Note Sarl, 5.50%, 03/01/28 | 27,400 | 29,251,023 | ||||||
Univision Communications Inc. | ||||||||
5.13%, 02/15/25 (Call 02/15/21)(a)(b) | 36,641 | 37,015,471 | ||||||
6.63%, 06/01/27 (Call 06/01/23)(a)(b) | 38,863 | 41,486,641 | ||||||
UPC Holding BV, 5.50%, 01/15/28 (Call 10/15/22)(b) | 1,210 | 1,279,575 | ||||||
ViacomCBS Inc. | ||||||||
5.88%, 02/28/57 (Call 02/28/22)(a)(c) | 11,126 | 11,459,780 | ||||||
6.25%, 02/28/57 (Call 02/28/27)(c) | 17,023 | 18,806,840 | ||||||
Videotron Ltd. | ||||||||
5.00%, 07/15/22(a) | 18,514 | 19,465,736 | ||||||
5.13%, 04/15/27 (Call 04/15/22)(a)(b) | 17,372 | 18,424,191 | ||||||
5.38%, 06/15/24 (Call 03/15/24)(a)(b) | 14,143 | 15,701,700 | ||||||
Virgin Media Finance PLC, 5.00%, 07/15/30 (Call 07/15/25)(a)(b) | 26,143 | 27,391,328 | ||||||
Virgin Media Secured Finance PLC | ||||||||
4.50%, 08/15/30 (Call 08/15/25)(a)(b) | 18,837 | 19,708,211 | ||||||
5.50%, 08/15/26 (Call 08/15/21)(b) | 20,871 | 21,802,368 | ||||||
5.50%, 05/15/29 (Call 05/15/24)(b) | 34,570 | 37,421,631 |
9
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Media (continued) | ||||||||
Virgin Media Vendor Financing Notes IV DAC, 5.00%, 07/15/28 (Call 07/15/23)(b) | $ | 13,040 | $ | 13,466,764 | ||||
Ziggo Bond Co. BV | ||||||||
5.13%, 02/28/30 (Call 02/15/25)(a)(b) | 13,704 | 14,435,002 | ||||||
6.00%, 01/15/27 (Call 01/15/22)(b) | 12,067 | 12,637,669 | ||||||
Ziggo BV | ||||||||
4.88%, 01/15/30 (Call 10/15/24)(a)(b) | 18,457 | 19,398,307 | ||||||
5.50%, 01/15/27 (Call 01/15/22)(a)(b) | 41,829 | 43,540,224 | ||||||
|
| |||||||
2,649,348,557 | ||||||||
Mining — 1.6% | ||||||||
Alcoa Nederland Holding BV | ||||||||
5.50%, 12/15/27 (Call 06/15/23)(a)(b) | 21,426 | 23,184,003 | ||||||
6.13%, 05/15/28 (Call 05/15/23)(a)(b) | 11,253 | 12,420,499 | ||||||
6.75%, 09/30/24 (Call 09/30/21)(b) | 14,323 | 14,842,209 | ||||||
7.00%, 09/30/26 (Call 09/30/21)(b) | 9,930 | 10,628,079 | ||||||
Arconic Corp. | ||||||||
6.00%, 05/15/25 (Call 05/15/22)(a)(b) | 15,545 | 16,687,635 | ||||||
6.13%, 02/15/28 (Call 02/15/23)(a)(b) | 14,808 | 16,066,680 | ||||||
Constellium SE | ||||||||
5.75%, 05/15/24 (Call 05/15/21)(a)(b) | 8,871 | 9,028,431 | ||||||
5.88%, 02/15/26 (Call 11/15/21)(a)(b) | 13,714 | 14,110,883 | ||||||
6.63%, 03/01/25 (Call 03/01/21)(a)(b) | 12,592 | 13,004,388 | ||||||
FMG Resources August 2006 Pty Ltd. | ||||||||
4.50%, 09/15/27 (Call 06/15/27)(b) | 15,291 | 16,732,177 | ||||||
4.75%, 05/15/22 (Call 02/15/22)(a)(b) | 14,935 | 15,364,381 | ||||||
5.13%, 03/15/23 (Call 12/15/22)(a)(b) | 9,709 | 10,218,723 | ||||||
5.13%, 05/15/24 (Call 02/15/24)(a)(b) | 19,784 | 21,377,403 | ||||||
Freeport-McMoRan Inc. | ||||||||
3.55%, 03/01/22 (Call 12/01/21)(a) | 8,670 | 8,821,725 | ||||||
3.88%, 03/15/23 (Call 12/15/22) | 28,329 | 29,540,065 | ||||||
4.13%, 03/01/28 (Call 03/01/23)(a) | 20,124 | 21,158,500 | ||||||
4.25%, 03/01/30 (Call 03/01/25)(a) | 14,598 | 15,827,298 | ||||||
4.38%, 08/01/28 (Call 08/01/23) | 11,815 | 12,610,149 | ||||||
4.55%, 11/14/24 (Call 08/14/24)(a) | 16,282 | 17,788,085 | ||||||
4.63%, 08/01/30 (Call 08/01/25)(a) | 21,432 | 23,770,851 | ||||||
5.00%, 09/01/27 (Call 09/01/22)(a) | 15,051 | 15,977,353 | ||||||
5.25%, 09/01/29 (Call 09/01/24) | 14,122 | 15,722,552 | ||||||
Novelis Corp. | ||||||||
4.75%, 01/30/30 (Call 01/30/25)(a)(b) | 41,556 | 44,214,753 | ||||||
5.88%, 09/30/26 (Call 09/30/21)(a)(b) | 34,443 | 36,122,096 | ||||||
|
| |||||||
435,218,918 | ||||||||
Office & Business Equipment — 0.4% | ||||||||
CDW LLC/CDW Finance Corp. | ||||||||
3.25%, 02/15/29 (Call 08/15/23)(a) | 16,830 | 16,873,758 | ||||||
4.13%, 05/01/25 (Call 05/01/22) | 12,256 | 12,730,920 | ||||||
4.25%, 04/01/28 (Call 10/01/22) | 14,593 | 15,181,982 | ||||||
5.50%, 12/01/24 (Call 06/01/24) | 14,100 | 15,590,536 | ||||||
Xerox Corp., 4.38%, 03/15/23 (Call 02/15/23) | 21,087 | 22,130,807 | ||||||
Xerox Holdings Corp. | ||||||||
5.00%, 08/15/25 (Call 07/15/25)(b) | 18,944 | 19,663,281 | ||||||
5.50%, 08/15/28 (Call 07/15/28)(a)(b) | 19,131 | 19,744,786 | ||||||
|
| |||||||
121,916,070 | ||||||||
Oil & Gas — 7.3% | ||||||||
Aker BP ASA | ||||||||
4.75%, 06/15/24 (Call 06/15/21)(b) | 766 | 791,596 | ||||||
5.88%, 03/31/25 (Call 03/31/21)(a)(b) | 8,396 | 8,675,425 | ||||||
Antero Resources Corp. | ||||||||
5.00%, 03/01/25 (Call 03/01/21)(a) | 14,248 | 11,295,763 | ||||||
5.13%, 12/01/22 (Call 12/28/20) | 16,683 | 15,823,826 |
Security | Par (000) | Value | ||||||
Oil & Gas (continued) | ||||||||
5.63%, 06/01/23 (Call 06/01/21)(a) | $ | 16,325 | $ | 14,604,498 | ||||
Apache Corp. | ||||||||
4.25%, 01/15/30 (Call 10/15/29) | 15,388 | 15,324,377 | ||||||
4.38%, 10/15/28 (Call 07/15/28)(a) | 24,275 | 24,760,500 | ||||||
4.63%, 11/15/25 (Call 08/15/25)(a) | 12,960 | 13,474,512 | ||||||
4.88%, 11/15/27 (Call 05/15/27)(a) | 19,096 | 19,979,190 | ||||||
Ascent Resources Utica Holdings LLC/ARU Finance Corp. | ||||||||
7.00%, 11/01/26 (Call 11/01/21)(b) | 14,861 | 13,897,689 | ||||||
9.00%, 11/01/27 (Call 11/01/26)(b) | 12,183 | 12,853,065 | ||||||
Calumet Specialty Products Partners LP/Calumet Finance Corp., | 13,896 | 13,867,513 | ||||||
Cenovus Energy Inc. | ||||||||
3.00%, 08/15/22 (Call 05/15/22) | 11,033 | 11,088,203 | ||||||
3.80%, 09/15/23 (Call 06/15/23) | 9,909 | 10,146,828 | ||||||
4.25%, 04/15/27 (Call 01/15/27) | 23,759 | 25,174,086 | ||||||
5.38%, 07/15/25 (Call 04/15/25)(a) | 24,913 | 27,296,387 | ||||||
Citgo Holding Inc., 9.25%, 08/01/24 (Call 08/01/21)(b) | 33,798 | 29,953,477 | ||||||
CITGO Petroleum Corp. | ||||||||
6.25%, 08/15/22 (Call 12/31/20)(b) | 15,055 | 14,633,836 | ||||||
7.00%, 06/15/25 (Call 06/15/22)(a)(b) | 28,163 | 27,458,925 | ||||||
CNX Resources Corp., 6.00%, 01/15/29 (Call 01/15/24)(b) | 4,945 | 4,982,088 | ||||||
Comstock Resources Inc. | ||||||||
7.50%, 05/15/25 (Call 05/15/21)(b) | 16,474 | 16,432,815 | ||||||
9.75%, 08/15/26 (Call 08/15/21) | 20,537 | 21,743,549 | ||||||
9.75%, 08/15/26 (Call 08/15/21)(a) | 20,989 | 22,222,104 | ||||||
Continental Resources Inc./OK | ||||||||
3.80%, 06/01/24 (Call 03/01/24) | 27,014 | 27,310,884 | ||||||
4.38%, 01/15/28 (Call 10/15/27)(a) | 24,511 | 24,387,955 | ||||||
4.50%, 04/15/23 (Call 01/15/23)(a) | 21,586 | 22,065,902 | ||||||
5.00%, 09/15/22 (Call 12/28/20)(a) | 23,286 | 23,315,107 | ||||||
5.75%, 01/15/31 (Call 07/15/30)(b) | 29,420 | 31,460,277 | ||||||
CrownRock LP/CrownRock Finance Inc., 5.63%, 10/15/25 (Call 10/15/21)(b) | 29,222 | 29,650,146 | ||||||
CVR Energy Inc. | ||||||||
5.25%, 02/15/25 (Call 02/15/22)(b) | 14,251 | 12,512,378 | ||||||
5.75%, 02/15/28 (Call 02/15/23)(a)(b) | 11,005 | 9,159,161 | ||||||
Endeavor Energy Resources LP/EER Finance Inc. | ||||||||
5.50%, 01/30/26 (Call 01/30/21)(b) | 13,857 | 14,290,031 | ||||||
5.75%, 01/30/28 (Call 01/30/23)(a)(b) | 24,426 | 26,019,064 | ||||||
6.63%, 07/15/25 (Call 07/15/22)(b) | 12,912 | 13,743,210 | ||||||
EQT Corp. | ||||||||
3.00%, 10/01/22 (Call 09/01/22)(a) | 15,947 | 15,894,898 | ||||||
3.90%, 10/01/27 (Call 07/01/27) | 32,509 | 32,215,119 | ||||||
7.88%, 02/01/25 (Call 01/01/25)(a) | 23,975 | 27,451,375 | ||||||
8.75%, 02/01/30 (Call 11/01/29) | 18,874 | 23,832,589 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co. | ||||||||
5.00%, 12/01/24 (Call 06/01/21)(b) | 11,235 | 10,916,675 | ||||||
5.75%, 10/01/25 (Call 04/01/21)(b) | 13,046 | 12,752,465 | ||||||
6.25%, 11/01/28 (Call 11/01/23)(b) | 14,895 | 14,679,851 | ||||||
Laredo Petroleum Inc. | ||||||||
9.50%, 01/15/25 (Call 01/15/22) | 14,653 | 9,964,040 | ||||||
10.13%, 01/15/28 (Call 01/15/23)(a) | 8,448 | 5,644,531 | ||||||
Leviathan Bond Ltd. | ||||||||
5.75%, 06/30/23 (Call 03/30/23)(b)(f) | 10,495 | 11,050,920 | ||||||
6.13%, 06/30/25 (Call 03/30/25)(b)(f) | 14,020 | 15,039,955 | ||||||
6.50%, 06/30/27 (Call 12/30/26)(b)(f) | 15,935 | 17,436,874 | ||||||
6.75%, 06/30/30 (Call 12/30/29)(b)(f) | 13,970 | 15,309,444 |
10
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Oil & Gas (continued) | ||||||||
Matador Resources Co., 5.88%, 09/15/26 (Call 09/15/21) | $ | 26,408 | $ | 22,422,792 | ||||
MEG Energy Corp. | ||||||||
6.50%, 01/15/25 (Call 01/15/21)(b) | 11,886 | 12,087,014 | ||||||
7.00%, 03/31/24 (Call 09/30/21)(b) | 16,899 | 17,025,743 | ||||||
7.13%, 02/01/27 (Call 02/01/23)(b) | 29,722 | 29,239,017 | ||||||
Moss Creek Resources Holdings Inc. | ||||||||
7.50%, 01/15/26 (Call 01/15/21)(b) | 16,686 | 11,361,080 | ||||||
10.50%, 05/15/27 (Call 05/15/22)(a)(b) | 9,727 | 6,731,084 | ||||||
Murphy Oil Corp. | ||||||||
4.95%, 12/01/22 (Call 09/01/22) | 161 | 162,610 | ||||||
5.75%, 08/15/25 (Call 08/15/21) | 12,653 | 11,783,106 | ||||||
5.88%, 12/01/27 (Call 12/01/22) | 14,662 | 13,342,420 | ||||||
6.88%, 08/15/24 (Call 08/15/21) | 12,488 | 12,302,121 | ||||||
Nabors Industries Inc. | ||||||||
5.50%, 01/15/23 (Call 11/15/22)(a) | 1,713 | 933,585 | ||||||
5.75%, 02/01/25 (Call 11/01/24) | 9,513 | 3,424,680 | ||||||
Nabors Industries Ltd. | ||||||||
7.25%, 01/15/26 (Call 07/15/22)(a)(b) | 13,832 | 7,722,146 | ||||||
7.50%, 01/15/28 (Call 01/15/23)(b) | 12,667 | 6,853,751 | ||||||
Occidental Petroleum Corp. | ||||||||
2.70%, 08/15/22 | 35,329 | 34,454,607 | ||||||
2.70%, 02/15/23 (Call 08/15/22) | 26,340 | 25,352,250 | ||||||
2.90%, 08/15/24 (Call 06/15/24) | 73,717 | 68,741,102 | ||||||
3.00%, 02/15/27 (Call 11/15/26) | 18,924 | 16,487,535 | ||||||
3.20%, 08/15/26 (Call 06/15/26) | 25,441 | 22,367,636 | ||||||
3.40%, 04/15/26 (Call 01/15/26) | 28,429 | 25,536,349 | ||||||
3.50%, 06/15/25 (Call 03/15/25) | 18,938 | 17,707,030 | ||||||
3.50%, 08/15/29 (Call 05/15/29)(a) | 34,065 | 29,806,875 | ||||||
5.55%, 03/15/26 (Call 12/15/25)(a) | 26,716 | 26,515,630 | ||||||
5.88%, 09/01/25 (Call 06/01/25)(a) | 23,784 | 23,999,245 | ||||||
6.38%, 09/01/28 (Call 03/01/28)(a) | 13,699 | 13,966,131 | ||||||
6.63%, 09/01/30 (Call 03/01/30)(a) | 33,895 | 35,325,142 | ||||||
6.95%, 07/01/24(a) | 10,618 | 11,210,770 | ||||||
7.50%, 05/01/31 | 20,848 | 21,890,400 | ||||||
7.88%, 09/15/31 | 12,444 | 13,185,212 | ||||||
8.00%, 07/15/25 (Call 04/15/25)(a) | 12,264 | 13,417,429 | ||||||
8.50%, 07/15/27 (Call 01/15/27) | 22,020 | 24,398,821 | ||||||
8.88%, 07/15/30 (Call 01/15/30)(a) | 28,549 | 32,260,370 | ||||||
Parkland Corp. | ||||||||
5.88%, 07/15/27 (Call 07/15/22)(a)(b) | 12,985 | 13,872,308 | ||||||
6.00%, 04/01/26 (Call 04/01/21)(b) | 8,685 | 9,149,300 | ||||||
Parsley Energy LLC/Parsley Finance Corp. | ||||||||
4.13%, 02/15/28 (Call 02/15/23)(b) | 4,694 | 4,927,116 | ||||||
5.25%, 08/15/25 (Call 08/15/21)(b) | 10,394 | 10,822,753 | ||||||
5.38%, 01/15/25 (Call 01/15/21)(b) | 15,171 | 15,570,820 | ||||||
5.63%, 10/15/27 (Call 10/15/22)(b) | 14,849 | 15,999,798 | ||||||
PBF Holding Co. LLC/PBF Finance Corp. | ||||||||
7.25%, 06/15/25 (Call 06/15/21) | 16,776 | 9,646,200 | ||||||
9.25%, 05/15/25 (Call 05/15/22)(b) | 28,862 | 28,645,535 | ||||||
Series WI, 6.00%, 02/15/28 (Call 02/15/23) | 22,293 | 11,703,825 | ||||||
PDC Energy Inc. | ||||||||
5.75%, 05/15/26 (Call 05/15/21) | 17,428 | 17,344,211 | ||||||
6.13%, 09/15/24 (Call 09/15/21) | 12,702 | 12,924,412 | ||||||
Puma International Financing SA | ||||||||
5.00%, 01/24/26 (Call 01/24/21)(b) | 10,170 | 9,250,462 | ||||||
5.13%, 10/06/24 (Call 10/06/21)(b) | 9,356 | 8,839,081 | ||||||
QEP Resources Inc. | ||||||||
5.25%, 05/01/23 (Call 02/01/23) | 18,339 | 15,673,593 | ||||||
5.38%, 10/01/22 (Call 07/01/22) | 12,062 | 10,900,429 |
Security | Par (000) | Value | ||||||
Oil & Gas (continued) | ||||||||
5.63%, 03/01/26 (Call 12/01/25)(a) | $ | 11,456 | $ | 8,142,572 | ||||
Range Resources Corp. | ||||||||
4.88%, 05/15/25 (Call 02/15/25)(a) | 18,821 | 17,452,713 | ||||||
5.00%, 08/15/22 (Call 05/15/22)(a) | 7,398 | 7,398,000 | ||||||
5.00%, 03/15/23 (Call 12/15/22)(a) | 14,132 | 13,756,217 | ||||||
9.25%, 02/01/26 (Call 02/01/22)(b) | 18,666 | 19,356,567 | ||||||
Seven Generations Energy Ltd., | 17,485 | 17,615,088 | ||||||
SM Energy Co. | ||||||||
6.75%, 09/15/26 (Call 09/15/21)(a) | 6,845 | 3,769,028 | ||||||
10.00%, 01/15/25 (Call 06/17/22)(a)(b) | 22,929 | 23,234,038 | ||||||
Southwestern Energy Co. | ||||||||
6.45%, 01/23/25 (Call 10/23/24)(a) | 19,522 | 19,930,742 | ||||||
7.50%, 04/01/26 (Call 04/01/21)(a) | 17,714 | 18,452,674 | ||||||
7.75%, 10/01/27 (Call 10/01/22)(a) | 12,203 | 12,856,138 | ||||||
Sunoco LP/Sunoco Finance Corp. | ||||||||
4.50%, 05/15/29 (Call 05/15/24)(b) | 10,255 | 10,578,135 | ||||||
4.88%, 01/15/23 (Call 01/15/21) | 20,035 | 20,344,941 | ||||||
5.50%, 02/15/26 (Call 02/15/21) | 21,114 | 21,932,167 | ||||||
5.88%, 03/15/28 (Call 03/15/23) | 10,631 | 11,391,763 | ||||||
6.00%, 04/15/27 (Call 04/15/22) | 14,818 | 15,705,022 | ||||||
Transocean Guardian Ltd., 5.88%, 01/15/24 (Call 07/15/21)(b) | 14,742 | 11,683,035 | ||||||
Transocean Inc., 11.50%, 01/30/27 (Call 07/30/23)(a)(b) | 4,225 | 2,160,786 | ||||||
Transocean Pontus Ltd., 6.13%, 08/01/25 (Call 08/01/21)(a)(b) | 12,249 | 11,391,682 | ||||||
Transocean Poseidon Ltd., 6.88%, 02/01/27 (Call 02/01/22)(b) | 11,639 | 9,818,588 | ||||||
Transocean Sentry Ltd., 5.38%, 05/15/23 (Call 05/16/21)(b) | 13,206 | 10,262,837 | ||||||
WPX Energy Inc. | ||||||||
4.50%, 01/15/30 (Call 01/15/25)(a) | 21,524 | 22,515,180 | ||||||
5.25%, 09/15/24 (Call 06/15/24) | 12,354 | 13,192,307 | ||||||
5.25%, 10/15/27 (Call 09/30/22) | 13,810 | 14,521,828 | ||||||
5.75%, 06/01/26 (Call 06/01/21) | 11,641 | 12,285,155 | ||||||
5.88%, 06/15/28 (Call 06/15/23) | 12,614 | 13,673,576 | ||||||
8.25%, 08/01/23 (Call 06/01/23) | 1,974 | 2,250,360 | ||||||
|
| |||||||
1,995,537,768 | ||||||||
Oil & Gas Services — 0.5% | ||||||||
Archrock Partners LP/Archrock Partners Finance Corp. | ||||||||
6.25%, 04/01/28 (Call 04/01/23)(b) | 12,925 | 13,326,709 | ||||||
6.88%, 04/01/27 (Call 04/01/22)(b) | 13,495 | 13,948,582 | ||||||
SESI LLC, 7.13%, 12/15/21 | 13,924 | 4,107,580 | ||||||
Transocean Proteus Ltd., 6.25%, 12/01/24 (Call 12/01/20)(a)(b) | 6,113 | 5,654,155 | ||||||
USA Compression Partners LP/USA Compression Finance Corp. | ||||||||
6.88%, 04/01/26 (Call 04/01/21) | 18,497 | 19,138,846 | ||||||
6.88%, 09/01/27 (Call 09/01/22) | 18,470 | 19,320,939 | ||||||
Weatherford International Ltd. | ||||||||
8.75%, 09/01/24 (Call 08/28/21)(a)(b) | 15,095 | 15,158,651 | ||||||
11.00%, 12/01/24 (Call 12/01/21)(a)(b) | 48,568 | 33,791,186 | ||||||
|
| |||||||
124,446,648 | ||||||||
Packaging & Containers — 2.5% | ||||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc. | ||||||||
4.13%, 08/15/26 (Call 08/15/22)(a)(b) | 27,531 | 28,561,692 | ||||||
5.25%, 04/30/25 (Call 04/30/22)(a)(b) | 14,695 | 15,503,154 | ||||||
5.25%, 08/15/27 (Call 08/15/22)(b) | 22,317 | 23,377,057 |
11
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Packaging & Containers (continued) | ||||||||
5.25%, 08/15/27 (Call 08/15/22)(a)(b) | $ | 26,149 | $ | 27,391,077 | ||||
6.00%, 02/15/25 (Call 02/15/21)(b) | 18,675 | 19,324,735 | ||||||
Ball Corp. | ||||||||
2.88%, 08/15/30 (Call 05/15/30) | 33,913 | 33,785,826 | ||||||
4.00%, 11/15/23 | 23,187 | 24,636,443 | ||||||
4.88%, 03/15/26 (Call 12/15/25) | 20,001 | 22,476,124 | ||||||
5.00%, 03/15/22 | 16,873 | 17,600,648 | ||||||
5.25%, 07/01/25(a) | 24,236 | 27,780,757 | ||||||
Berry Global Inc. | ||||||||
4.50%, 02/15/26 (Call 02/15/21)(a)(b) | 10,468 | 10,709,569 | ||||||
4.88%, 07/15/26 (Call 07/15/22)(b) | 29,924 | 31,794,250 | ||||||
5.13%, 07/15/23 (Call 07/15/21)(a) | 84 | 85,050 | ||||||
5.63%, 07/15/27 (Call 07/15/22)(a)(b) | 14,217 | 15,181,386 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. IV, 4.50%, 01/15/23(a) | 23,281 | 24,477,767 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26)(a) | 12,072 | 13,059,344 | ||||||
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 02/01/21) | 18,684 | 19,390,324 | ||||||
Flex Acquisition Co. Inc. | ||||||||
6.88%, 01/15/25 (Call 01/15/21)(a)(b) | 14,720 | 14,929,477 | ||||||
7.88%, 07/15/26 (Call 07/15/21)(a)(b) | 12,661 | 13,321,483 | ||||||
Graphic Packaging International LLC, 3.50%, 03/15/28(a)(b) | 10,423 | 10,802,814 | ||||||
LABL Escrow Issuer LLC | ||||||||
6.75%, 07/15/26 (Call 07/15/22)(a)(b) | 16,433 | 17,542,228 | ||||||
10.50%, 07/15/27 (Call 07/15/22)(a)(b) | 18,180 | 20,361,600 | ||||||
Mauser Packaging Solutions Holding Co. | ||||||||
5.50%, 04/15/24 (Call 04/15/21)(a)(b) | 34,520 | 34,995,358 | ||||||
7.25%, 04/15/25 (Call 04/15/21)(a)(b) | 35,751 | 35,801,816 | ||||||
Owens-Brockway Glass Container Inc. | ||||||||
5.88%, 08/15/23(a)(b) | 16,347 | 17,600,271 | ||||||
6.63%, 05/13/27 (Call 05/15/23)(a)(b) | 19,227 | 20,870,909 | ||||||
Reynolds Group Issuer Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu | ||||||||
4.00%, 10/15/27 (Call 10/15/23)(a)(b) | 26,509 | 26,958,328 | ||||||
5.13%, 07/15/23 (Call 07/15/21)(b) | 951 | 962,583 | ||||||
Sealed Air Corp. | ||||||||
4.00%, 12/01/27 (Call 09/01/27)(b) | 13,197 | 14,120,790 | ||||||
4.88%, 12/01/22 (Call 09/01/22)(b) | 8,373 | 8,770,718 | ||||||
5.13%, 12/01/24 (Call 09/01/24)(a)(b) | 8,883 | 9,733,362 | ||||||
5.25%, 04/01/23 (Call 01/01/23)(b) | 8,837 | 9,397,708 | ||||||
5.50%, 09/15/25 (Call 06/15/25)(a)(b) | 8,680 | 9,720,558 | ||||||
Trivium Packaging Finance BV | ||||||||
5.50%, 08/15/26 (Call 08/15/22)(b) | 24,384 | 25,542,240 | ||||||
8.50%, 08/15/27 (Call 08/15/22)(a)(b) | 21,537 | 23,380,313 | ||||||
|
| |||||||
669,947,759 | ||||||||
Pharmaceuticals — 3.2% | ||||||||
Bausch Health Americas Inc. | ||||||||
8.50%, 01/31/27 (Call 01/17/22)(a)(b) | 39,886 | 43,826,194 | ||||||
9.25%, 04/01/26 (Call 04/01/22)(a)(b) | 35,949 | 39,959,111 | ||||||
Bausch Health Companies Inc. | ||||||||
5.00%, 01/30/28 (Call 01/30/23)(b) | 30,229 | 30,257,718 | ||||||
5.00%, 02/15/29 (Call 02/15/24)(b) | 14,445 | 14,571,394 | ||||||
5.25%, 01/30/30 (Call 01/30/25)(a)(b) | 30,194 | 30,843,171 | ||||||
5.25%, 02/15/31 (Call 02/15/26)(b) | 9,450 | 9,556,313 | ||||||
5.50%, 03/01/23 (Call 12/18/20)(b) | 136 | 136,068 | ||||||
5.50%, 11/01/25 (Call 11/01/21)(b) | 39,259 | 40,436,770 | ||||||
5.75%, 08/15/27 (Call 08/15/22)(a)(b) | 11,033 | 11,858,441 | ||||||
6.13%, 04/15/25 (Call 04/15/21)(b) | 75,232 | 77,485,198 |
Security | Par (000) | Value | ||||||
Pharmaceuticals (continued) | ||||||||
6.25%, 02/15/29 (Call 02/15/24)(a)(b) | $ | 37,165 | $ | 39,290,373 | ||||
7.00%, 03/15/24 (Call 03/15/21)(b) | 47,355 | 48,775,650 | ||||||
7.00%, 01/15/28 (Call 01/15/23)(b) | 20,436 | 22,019,790 | ||||||
7.25%, 05/30/29 (Call 05/30/24)(b) | 18,428 | 20,316,686 | ||||||
9.00%, 12/15/25 (Call 12/15/21)(b) | 35,179 | 38,651,167 | ||||||
Elanco Animal Health Inc. | ||||||||
5.27%, 08/28/23 (Call 07/28/23)(a) | 14,244 | 15,451,820 | ||||||
5.90%, 08/28/28 (Call 05/28/28) | 19,023 | 22,329,197 | ||||||
Endo Dac/Endo Finance LLC/Endo Finco Inc. | ||||||||
6.00%, 06/30/28 (Call 06/30/23)(b) | 31,349 | 24,762,835 | ||||||
9.50%, 07/31/27 (Call 07/31/23)(a)(b) | 24,386 | 26,895,319 | ||||||
Herbalife Nutrition Ltd./HLF Financing Inc., 7.88%, 09/01/25 (Call 09/01/22)(a)(b) | 13,867 | 15,149,698 | ||||||
HLF Financing Sarl LLC/Herbalife International Inc., 7.25%, 08/15/26 (Call 08/15/21)(a)(b) | 9,617 | 10,104,407 | ||||||
Par Pharmaceutical Inc., 7.50%, 04/01/27 (Call 04/01/22)(b) | 48,918 | 52,831,440 | ||||||
Teva Pharmaceutical Finance Netherlands III BV | ||||||||
2.20%, 07/21/21 | 63 | 63,022 | ||||||
2.80%, 07/21/23(a) | 69,287 | 68,146,536 | ||||||
3.15%, 10/01/26(a) | 89,128 | 84,448,780 | ||||||
6.00%, 04/15/24 (Call 01/15/24) | 29,910 | 31,674,690 | ||||||
6.75%, 03/01/28 (Call 12/01/27) | 32,109 | 35,881,808 | ||||||
7.13%, 01/31/25 (Call 10/31/24)(a) | 25,467 | 27,879,746 | ||||||
|
| |||||||
883,603,342 | ||||||||
Pipelines — 4.1% | ||||||||
Antero Midstream Partners LP/Antero Midstream Finance Corp. | ||||||||
5.38%, 09/15/24 (Call 09/15/21) | 11,465 | 10,729,329 | ||||||
5.75%, 03/01/27 (Call 03/01/22)(b) | 14,800 | 13,505,000 | ||||||
5.75%, 01/15/28 (Call 01/15/23)(b) | 15,504 | 13,935,711 | ||||||
7.88%, 05/15/26 (Call 10/15/22)(b) | 13,800 | 13,839,744 | ||||||
Blue Racer Midstream LLC/Blue Racer Finance Corp., 6.13%, 11/15/22 (Call 12/31/20)(b) | 17,816 | 17,815,109 | ||||||
Buckeye Partners LP | ||||||||
3.95%, 12/01/26 (Call 09/01/26) | 15,062 | 14,779,588 | ||||||
4.13%, 03/01/25 (Call 02/01/25)(b) | 11,566 | 11,553,350 | ||||||
4.13%, 12/01/27 (Call 09/01/27)(a) | 9,131 | 9,016,863 | ||||||
4.15%, 07/01/23 (Call 04/01/23) | 10,965 | 11,101,271 | ||||||
4.50%, 03/01/28 (Call 12/01/27)(b) | 12,073 | 12,052,878 | ||||||
6.38%, 01/22/78 (Call 01/22/23)(a)(c) | 10,312 | 7,115,280 | ||||||
Cheniere Energy Inc., 4.63%, 10/15/28 (Call 10/15/23)(a)(b) | 51,382 | 53,202,978 | ||||||
Cheniere Energy Partners LP | ||||||||
5.25%, 10/01/25 (Call 10/01/21) | 33,521 | 34,400,926 | ||||||
5.63%, 10/01/26 (Call 10/01/21) | 27,288 | 28,481,850 | ||||||
Series WI, 4.50%, 10/01/29 | 39,027 | 40,685,648 | ||||||
Crestwood Midstream Partners LP/Crestwood Midstream Finance Corp. | ||||||||
5.63%, 05/01/27 (Call 05/01/22)(a)(b) | 14,554 | 13,997,833 | ||||||
5.75%, 04/01/25 (Call 04/01/21) | 12,116 | 12,096,493 | ||||||
6.25%, 04/01/23 (Call 04/01/21) | 17,191 | 17,247,386 | ||||||
DCP Midstream Operating LP | ||||||||
3.88%, 03/15/23 (Call 12/15/22) | 8,181 | 8,385,525 | ||||||
4.75%, 09/30/21 (Call 06/30/21)(b) | 122 | 123,277 | ||||||
5.13%, 05/15/29 (Call 02/15/29)(a) | 14,788 | 15,656,795 | ||||||
5.38%, 07/15/25 (Call 04/15/25) | 17,977 | 19,325,275 | ||||||
5.63%, 07/15/27 (Call 04/15/27)(a) | 12,248 | 13,249,711 | ||||||
5.85%, 05/21/43 (Call 05/21/23)(b)(c) | 14,093 | 11,368,823 |
12
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Pipelines (continued) | ||||||||
EnLink Midstream Partners LP | ||||||||
4.15%, 06/01/25 (Call 03/01/25) | $ | 16,275 | $ | 14,968,479 | ||||
4.40%, 04/01/24 (Call 01/01/24)(a) | 14,840 | 14,301,308 | ||||||
4.85%, 07/15/26 (Call 04/15/26)(a) | 12,649 | 11,655,000 | ||||||
EQM Midstream Partners LP | ||||||||
4.00%, 08/01/24 (Call 05/01/24) | 10,254 | 10,207,003 | ||||||
4.13%, 12/01/26 (Call 09/01/26) | 13,441 | 13,285,911 | ||||||
4.75%, 07/15/23 (Call 06/15/23) | 27,141 | 27,599,004 | ||||||
6.00%, 07/01/25 (Call 04/01/25)(b) | 16,990 | 18,059,566 | ||||||
6.50%, 07/01/27 (Call 01/01/27)(a)(b) | 23,226 | 25,606,665 | ||||||
Series 10Y, 5.50%, 07/15/28 (Call 04/15/28) | 21,191 | 22,521,795 | ||||||
Genesis Energy LP/Genesis Energy Finance Corp. | ||||||||
6.00%, 05/15/23 (Call 05/15/21) | 785 | 761,411 | ||||||
6.25%, 05/15/26 (Call 02/15/21) | 9,614 | 8,871,319 | ||||||
6.50%, 10/01/25 (Call 10/01/21)(a) | 12,275 | 11,354,375 | ||||||
7.75%, 02/01/28 (Call 02/01/23)(a) | 19,227 | 17,624,751 | ||||||
Hess Midstream Operations LP | ||||||||
5.13%, 06/15/28 (Call 06/15/23)(b) | 13,258 | 13,589,450 | ||||||
5.63%, 02/15/26 (Call 02/15/21)(b) | 22,052 | 22,768,690 | ||||||
New Fortress Energy Inc., 6.75%, 09/15/25 (Call 09/15/22)(b) | 27,282 | 28,991,373 | ||||||
NGL Energy Partners LP/NGL Energy Finance Corp. | ||||||||
7.50%, 11/01/23 (Call 11/01/21) | 15,210 | 7,681,050 | ||||||
7.50%, 04/15/26 (Call 04/15/22)(a) | 6,758 | 2,735,638 | ||||||
NuStar Logistics LP | ||||||||
5.63%, 04/28/27 (Call 01/28/27) | 14,300 | 14,701,195 | ||||||
5.75%, 10/01/25 (Call 07/01/25)(a) | 13,689 | 14,379,154 | ||||||
6.00%, 06/01/26 (Call 03/01/26) | 12,249 | 12,881,865 | ||||||
6.38%, 10/01/30 (Call 04/01/30)(a) | 14,723 | 15,911,357 | ||||||
Rockies Express Pipeline LLC | ||||||||
3.60%, 05/15/25 (Call 04/15/25)(b) | 6,760 | 6,938,650 | ||||||
4.95%, 07/15/29 (Call 04/15/29)(b) | 14,318 | 14,347,116 | ||||||
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. | ||||||||
4.75%, 10/01/23 (Call 10/01/21)(b) | 14,741 | 14,394,955 | ||||||
5.50%, 09/15/24 (Call 09/15/21)(b) | 17,018 | 16,814,975 | ||||||
5.50%, 01/15/28 (Call 01/15/23)(b) | 20,121 | 19,123,334 | ||||||
6.00%, 03/01/27 (Call 03/01/23)(b) | 9,066 | 8,941,343 | ||||||
7.50%, 10/01/25 (Call 10/01/22)(a)(b) | 14,572 | 15,000,053 | ||||||
Targa Resources Partners LP/Targa Resources Partners Finance Corp. | ||||||||
4.25%, 11/15/23 (Call 05/15/21) | 10,322 | 10,373,610 | ||||||
4.88%, 02/01/31 (Call 02/01/26)(a)(b) | 26,088 | 27,751,110 | ||||||
5.00%, 01/15/28 (Call 01/15/23)(a) | 15,390 | 16,055,068 | �� | |||||
5.13%, 02/01/25 (Call 02/01/21) | 11,800 | 12,088,117 | ||||||
5.38%, 02/01/27 (Call 02/01/22)(a) | 9,901 | 10,358,921 | ||||||
5.50%, 03/01/30 (Call 03/01/25)(a)(b) | 24,869 | 27,045,038 | ||||||
5.88%, 04/15/26 (Call 04/15/21)(a) | 21,810 | 22,941,394 | ||||||
6.50%, 07/15/27 (Call 07/15/22) | 16,133 | 17,454,665 | ||||||
6.88%, 01/15/29 (Call 01/15/24) | 17,943 | 20,073,731 | ||||||
Western Midstream Operating LP | ||||||||
3.95%, 06/01/25 (Call 03/01/25) | 11,973 | 11,945,789 | ||||||
4.00%, 07/01/22 (Call 04/01/22) | 8,530 | 8,643,733 | ||||||
4.10%, 02/01/25 (Call 01/01/25) | 24,517 | 24,762,170 | ||||||
4.50%, 03/01/28 (Call 12/01/27) | 11,272 | 11,347,734 | ||||||
4.65%, 07/01/26 (Call 04/01/26) | 13,265 | 13,585,571 | ||||||
4.75%, 08/15/28 (Call 05/15/28) | 10,450 | 10,709,739 | ||||||
5.05%, 02/01/30 (Call 11/01/29) | 30,364 | 32,356,638 | ||||||
|
| |||||||
1,107,176,456 |
Security | Par (000) | Value | ||||||
Real Estate — 0.4% | ||||||||
Howard Hughes Corp. (The) | ||||||||
5.38%, 03/15/25 (Call 03/15/21)(a)(b) | $ | 24,068 | $ | 24,935,651 | ||||
5.38%, 08/01/28 (Call 08/01/23)(a)(b) | 18,491 | 19,650,386 | ||||||
Kennedy-Wilson Inc., 5.88%, 04/01/24 (Call 04/01/21)(a) | 29,479 | 29,865,764 | ||||||
Realogy Group LLC/Realogy Co-Issuer Corp. | ||||||||
4.88%, 06/01/23 (Call 03/01/23)(a)(b) | 8,864 | 9,005,578 | ||||||
7.63%, 06/15/25 (Call 06/15/22)(a)(b) | 11,623 | 12,552,840 | ||||||
9.38%, 04/01/27 (Call 04/01/22)(b) | 15,387 | 16,861,844 | ||||||
|
| |||||||
112,872,063 | ||||||||
Real Estate Investment Trusts — 3.9% | ||||||||
Diversified Healthcare Trust | ||||||||
4.75%, 02/15/28 (Call 08/15/27)(a) | 13,239 | 12,558,137 | ||||||
9.75%, 06/15/25 (Call 06/15/22) | 22,678 | 25,830,541 | ||||||
ESH Hospitality Inc. | ||||||||
4.63%, 10/01/27 (Call 10/01/22)(a)(b) | 20,585 | 20,897,721 | ||||||
5.25%, 05/01/25 (Call 05/01/21)(a)(b) | 30,085 | 30,799,519 | ||||||
HAT Holdings I LLC/HAT Holdings II LLC | ||||||||
5.25%, 07/15/24 (Call 07/15/21)(a)(b) | 12,414 | 12,882,628 | ||||||
6.00%, 04/15/25 (Call 04/15/22)(a)(b) | 12,876 | 13,771,285 | ||||||
Iron Mountain Inc. | ||||||||
4.50%, 02/15/31 (Call 02/15/26)(a)(b) | 28,348 | 28,917,228 | ||||||
4.88%, 09/15/27 (Call 09/15/22)(a)(b) | 21,515 | 22,311,055 | ||||||
4.88%, 09/15/29 (Call 09/15/24)(a)(b) | 24,057 | 24,926,769 | ||||||
5.00%, 07/15/28 (Call 07/15/23)(a)(b) | 11,115 | 11,554,638 | ||||||
5.25%, 03/15/28 (Call 12/27/22)(a)(b) | 21,580 | 22,584,819 | ||||||
5.25%, 07/15/30 (Call 07/15/25)(a)(b) | 33,015 | 35,004,745 | ||||||
5.63%, 07/15/32 (Call 07/15/26)(b) | 15,452 | 16,765,420 | ||||||
iStar Inc. | ||||||||
4.25%, 08/01/25 (Call 05/01/25) | 15,074 | 14,594,372 | ||||||
4.75%, 10/01/24 (Call 07/01/24) | 17,904 | 17,904,000 | ||||||
5.50%, 02/15/26 (Call 08/15/22) | 11,032 | 11,059,580 | ||||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. | ||||||||
4.25%, 02/01/27 (Call 02/01/23)(a)(b) | 16,844 | 15,564,909 | ||||||
5.25%, 03/15/22 (Call 09/15/21)(b) | 8,851 | 8,798,754 | ||||||
5.25%, 10/01/25 (Call 10/01/21)(b) | 1,480 | 1,419,712 | ||||||
MGM Growth Properties Operating Partnership LP/MGP Finance Co-Issuer Inc. | ||||||||
3.88%, 02/15/29 (Call 11/15/28)(b) | 15,315 | 15,506,437 | ||||||
4.50%, 09/01/26 (Call 06/01/26)(a) | 13,095 | 13,744,293 | ||||||
4.63%, 06/15/25 (Call 03/15/25)(a)(b) | 17,745 | 18,674,905 | ||||||
5.63%, 05/01/24 (Call 02/01/24)(a) | 26,368 | 28,249,075 | ||||||
5.75%, 02/01/27 (Call 11/01/26) | 19,635 | 21,856,111 | ||||||
MPT Operating Partnership LP/MPT Finance Corp. | ||||||||
3.50%, 03/15/31 (Call 03/15/26) | 16,740 | 17,013,029 | ||||||
4.63%, 08/01/29 (Call 08/01/24) | 24,019 | 25,611,940 | ||||||
5.00%, 10/15/27 (Call 09/07/22)(a) | 33,196 | 35,136,638 | ||||||
5.25%, 08/01/26 (Call 08/01/21)(a) | 12,747 | 13,333,681 | ||||||
6.38%, 03/01/24 (Call 03/01/21)(a) | 10,482 | 10,825,286 | ||||||
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer | ||||||||
5.88%, 10/01/28 (Call 10/01/23)(a)(b) | 19,625 | 20,679,844 | ||||||
7.50%, 06/01/25 (Call 06/01/22)(a)(b) | 12,668 | 13,676,161 | ||||||
RHP Hotel Properties LP/RHP Finance Corp. | ||||||||
4.75%, 10/15/27 (Call 10/15/22)(a) | 18,564 | 18,362,891 | ||||||
5.00%, 04/15/23 (Call 04/15/21)(a) | 8,981 | 8,970,631 | ||||||
SBA Communications Corp. | ||||||||
3.88%, 02/15/27 (Call 02/15/23)(a)(b) | 39,771 | 40,964,130 | ||||||
4.00%, 10/01/22 (Call 10/01/21) | 16,923 | 17,090,602 |
13
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
4.88%, 09/01/24 (Call 09/01/21)(a) | $ | 23,965 | $ | 24,564,125 | ||||
Service Properties Trust | ||||||||
3.95%, 01/15/28 (Call 07/15/27) | 12,424 | 11,273,444 | ||||||
4.35%, 10/01/24 (Call 09/01/24) | 18,714 | 17,918,655 | ||||||
4.38%, 02/15/30 (Call 08/15/29)(a) | 9,044 | 8,385,145 | ||||||
4.50%, 06/15/23 (Call 12/15/22) | 13,094 | 13,200,323 | ||||||
4.75%, 10/01/26 (Call 08/01/26) | 10,504 | 9,885,153 | ||||||
4.95%, 02/15/27 (Call 08/15/26)(a) | 10,918 | 10,413,043 | ||||||
4.95%, 10/01/29 (Call 07/01/29) | 9,829 | 9,218,845 | ||||||
5.00%, 08/15/22 (Call 02/15/22)(a) | 7,104 | 7,207,441 | ||||||
5.50%, 12/15/27 (Call 09/15/27) | 3,610 | 3,764,057 | ||||||
7.50%, 09/15/25 (Call 06/15/25)(a) | 20,403 | 22,834,528 | ||||||
Starwood Property Trust Inc. | ||||||||
4.75%, 03/15/25 (Call 09/15/24)(a) | 13,252 | 13,620,406 | ||||||
5.00%, 12/15/21 (Call 09/15/21)(a) | 13,299 | 13,474,228 | ||||||
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC | ||||||||
7.13%, 12/15/24 (Call 12/15/20)(a)(b) | 16,005 | 15,644,887 | ||||||
7.88%, 02/15/25 (Call 02/15/22)(b) | 53,924 | 57,260,547 | ||||||
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC | ||||||||
6.00%, 04/15/23 (Call 04/15/21)(b) | 10,662 | 10,868,063 | ||||||
8.25%, 10/15/23 (Call 04/15/21) | 29,430 | 29,385,855 | ||||||
VICI Properties LP/VICI Note Co. Inc. | ||||||||
3.50%, 02/15/25 (Call 02/15/22)(a)(b) | 19,292 | 19,669,265 | ||||||
3.75%, 02/15/27 (Call 02/15/23)(b) | 16,072 | 16,356,351 | ||||||
4.13%, 08/15/30 (Call 02/15/25)(b) | 28,403 | 29,252,534 | ||||||
4.25%, 12/01/26 (Call 12/01/22)(a)(b) | 28,160 | 29,216,000 | ||||||
4.63%, 12/01/29 (Call 12/01/24)(b) | 25,029 | 26,663,394 | ||||||
|
| |||||||
1,067,917,775 | ||||||||
Retail — 3.9% | ||||||||
1011778 BC ULC/New Red Finance Inc. | ||||||||
3.50%, 02/15/29 (Call 02/15/24)(b) | 15,500 | 15,480,625 | ||||||
3.88%, 01/15/28 (Call 09/15/22)(a)(b) | 25,422 | 26,168,644 | ||||||
4.00%, 10/15/30 (Call 10/15/25)(b) | 72,649 | 72,376,566 | ||||||
4.25%, 05/15/24 (Call 05/15/21)(a)(b) | 17,003 | 17,337,959 | ||||||
4.38%, 01/15/28 (Call 11/15/22)(a)(b) | 25,812 | 26,561,322 | ||||||
5.75%, 04/15/25 (Call 04/15/22)(a)(b) | 16,566 | 17,697,458 | ||||||
Asbury Automotive Group Inc., | 200 | 210,500 | ||||||
Beacon Roofing Supply Inc., | 34,651 | 35,118,788 | ||||||
Carvana Co. | ||||||||
5.63%, 10/01/25 (Call 10/01/22)(b) | 12,070 | 12,134,092 | ||||||
5.88%, 10/01/28 (Call 10/01/23)(b) | 16,420 | 16,676,563 | ||||||
eG Global Finance PLC | ||||||||
6.75%, 02/07/25 (Call 05/15/21)(a)(b) | 19,665 | 20,500,762 | ||||||
8.50%, 10/30/25 (Call 10/30/21)(a)(b) | 15,799 | 17,022,633 | ||||||
Ferrellgas LP/Ferrellgas Finance Corp. | ||||||||
6.75%, 01/15/22 (Call 12/31/20)(a) | 6,125 | 5,826,406 | ||||||
6.75%, 06/15/23 (Call 06/15/21)(a) | 6,912 | 6,348,240 | ||||||
10.00%, 04/15/25 (Call 04/15/22)(a)(b) | 12,210 | 13,452,062 | ||||||
Gap Inc. (The) | ||||||||
8.38%, 05/15/23(a)(b) | 14,943 | 16,898,933 | ||||||
8.63%, 05/15/25 (Call 05/15/22)(b) | 14,545 | 16,163,131 | ||||||
8.88%, 05/15/27 (Call 05/15/23)(b) | 26,838 | 31,187,195 | ||||||
Golden Nugget Inc. | ||||||||
6.75%, 10/15/24 (Call 10/15/21)(a)(b) | 34,904 | 34,118,660 | ||||||
8.75%, 10/01/25 (Call 10/01/21)(a)(b) | 17,818 | 17,973,907 |
Security | Par (000) | Value | ||||||
Retail (continued) | ||||||||
IRB Holding Corp. | ||||||||
6.75%, 02/15/26 (Call 02/15/21)(b) | $ | 13,732 | $ | 14,212,620 | ||||
7.00%, 06/15/25 (Call 06/15/22)(a)(b) | 16,516 | 17,985,235 | ||||||
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC | ||||||||
4.75%, 06/01/27 (Call 06/01/22)(a)(b) | 15,522 | 16,268,538 | ||||||
5.25%, 06/01/26 (Call 06/01/21)(a)(b) | 24,368 | 25,342,720 | ||||||
L Brands Inc. | ||||||||
5.25%, 02/01/28(a) | 12,772 | 13,219,020 | ||||||
5.63%, 10/15/23(a) | 6,954 | 7,429,305 | ||||||
6.63%, 10/01/30 (Call 10/01/25)(a)(b) | 24,973 | 27,356,118 | ||||||
6.88%, 07/01/25 (Call 07/01/22)(b) | 13,832 | 14,938,560 | ||||||
7.50%, 06/15/29 (Call 06/15/24) | 9,438 | 10,417,193 | ||||||
9.38%, 07/01/25(b) | 13,008 | 15,869,760 | ||||||
Lithia Motors Inc. | ||||||||
4.38%, 01/15/31 (Call 10/15/25)(a)(b) | 13,850 | 14,681,000 | ||||||
4.63%, 12/15/27 (Call 12/15/22)(b) | 10,180 | 10,800,318 | ||||||
Macy’s Inc., 8.38%, 06/15/25 | 33,136 | 36,084,773 | ||||||
Macy’s Retail Holdings LLC | ||||||||
2.88%, 02/15/23 (Call 11/15/22) | 20,017 | 18,702,820 | ||||||
3.63%, 06/01/24 (Call 03/01/24)(a) | 13,531 | 12,348,391 | ||||||
3.88%, 01/15/22 (Call 10/15/21)(a) | 2,767 | 2,709,931 | ||||||
Penske Automotive Group Inc. | ||||||||
3.50%, 09/01/25 (Call 09/01/22)(a) | 15,080 | 15,240,275 | ||||||
5.50%, 05/15/26 (Call 05/15/21)(a) | 12,648 | 13,109,336 | ||||||
PetSmart Inc. | ||||||||
5.88%, 06/01/25 (Call 06/01/21)(b) | 26,587 | 26,943,508 | ||||||
7.13%, 03/15/23 (Call 03/15/21)(b) | 48,672 | 48,061,166 | ||||||
8.88%, 06/01/25 (Call 06/01/21)(b) | 17,002 | 17,129,515 | ||||||
QVC Inc. | ||||||||
4.38%, 03/15/23(a) | 11,588 | 12,132,478 | ||||||
4.38%, 09/01/28 (Call 06/01/28)(a) | 14,900 | 15,184,696 | ||||||
4.45%, 02/15/25 (Call 11/15/24)(a) | 13,865 | 14,496,146 | ||||||
4.75%, 02/15/27 (Call 11/15/26)(a) | 15,795 | 16,317,183 | ||||||
4.85%, 04/01/24(a) | 13,842 | 14,637,915 | ||||||
Rite Aid Corp. | ||||||||
7.50%, 07/01/25 (Call 07/01/22)(a)(b) | 13,754 | 13,994,007 | ||||||
8.00%, 11/15/26 (Call 01/15/23)(a)(b) | 22,087 | 22,405,788 | ||||||
Sally Holdings LLC/Sally Capital Inc., | 19,804 | 20,398,120 | ||||||
Staples Inc. | ||||||||
7.50%, 04/15/26 (Call 04/15/22)(b) | 49,345 | 49,776,769 | ||||||
10.75%, 04/15/27 (Call 04/15/22)(a)(b) | 25,309 | 23,790,460 | ||||||
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.50%, 06/01/24 (Call 06/01/21) | 8,777 | 8,992,475 | ||||||
Yum! Brands Inc. | ||||||||
3.63%, 03/15/31 (Call 12/15/30)(a) | 25,783 | 25,815,229 | ||||||
4.75%, 01/15/30 (Call 10/15/29)(b) | 21,344 | 23,031,243 | ||||||
7.75%, 04/01/25 (Call 04/01/22)(a)(b) | 11,661 | 12,901,079 | ||||||
|
| |||||||
1,071,978,136 | ||||||||
Semiconductors — 0.3% | ||||||||
Microchip Technology Inc., 4.25%, 09/01/25 (Call 09/01/22)(a)(b) | 27,680 | 29,021,096 | ||||||
Qorvo Inc. | ||||||||
3.38%, 04/01/31 (Call 04/01/26)(b) | 16,982 | 17,252,014 | ||||||
4.38%, 10/15/29 (Call 10/15/24) | 20,557 | 22,154,690 | ||||||
Sensata Technologies UK Financing Co. PLC, 6.25%, 02/15/26 (Call 02/15/21)(b) | 16,479 | 17,153,650 | ||||||
|
| |||||||
85,581,450 |
14
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Software — 1.9% | ||||||||
Black Knight InfoServ LLC, 3.63%, 09/01/28 (Call 09/01/23)(b) | $ | 24,158 | $ | 24,435,621 | ||||
Boxer Parent Co. Inc., 7.13%, 10/02/25 (Call 06/01/22)(b) | 14,270 | 15,413,919 | ||||||
CDK Global Inc. | ||||||||
4.88%, 06/01/27 (Call 06/01/22) | 13,947 | 14,605,298 | ||||||
5.00%, 10/15/24 (Call 07/15/24)(a) | 11,997 | 13,181,704 | ||||||
5.25%, 05/15/29 (Call 05/15/24)(a)(b) | 12,526 | 13,747,285 | ||||||
5.88%, 06/15/26 (Call 06/15/21) | 8,978 | 9,393,233 | ||||||
Change Healthcare Holdings LLC/Change Healthcare Finance Inc., 5.75%, 03/01/25 (Call 03/01/21)(b) | 36,267 | 36,856,339 | ||||||
Dun & Bradstreet Corp. (The), | 2,340 | 2,506,725 | ||||||
Dun & Bradstreet Corp./The, | 1,210 | 1,358,225 | ||||||
MSCI Inc. | ||||||||
3.63%, 09/01/30 (Call 03/01/25)(a)(b) | 10,175 | 10,613,091 | ||||||
3.88%, 02/15/31 (Call 06/01/25)(a)(b) | 23,736 | 25,071,150 | ||||||
4.00%, 11/15/29 (Call 11/15/24)(a)(b) | 24,599 | 26,290,181 | ||||||
4.75%, 08/01/26 (Call 08/01/21)(b) | 9,266 | 9,594,171 | ||||||
5.38%, 05/15/27 (Call 05/15/22)(a)(b) | 11,201 | 11,967,596 | ||||||
Open Text Corp. | ||||||||
3.88%, 02/15/28 (Call 02/15/23)(a)(b) | 21,381 | 22,049,156 | ||||||
5.88%, 06/01/26 (Call 06/01/21)(a)(b) | 19,580 | 20,403,991 | ||||||
Open Text Holdings Inc., 4.13%, 02/15/30 (Call 02/15/25)(a)(b) | 22,262 | 23,383,782 | ||||||
PTC Inc. | ||||||||
3.63%, 02/15/25 (Call 02/15/22)(a)(b) | 12,292 | 12,587,623 | ||||||
4.00%, 02/15/28 (Call 02/15/23)(a)(b) | 12,723 | 13,247,824 | ||||||
Rackspace Technology Global. Inc., | 30,692 | 32,059,329 | ||||||
Solera LLC/Solera Finance Inc., | 47,004 | 49,074,526 | ||||||
SS&C Technologies Inc., 5.50%, 09/30/27 (Call 03/30/22)(a)(b) | 49,365 | 52,714,006 | ||||||
Veritas U.S. Inc./Veritas Bermuda Ltd. | ||||||||
7.50%, 02/01/23 (Call 02/01/21)(a)(b) | 8,963 | 9,033,023 | ||||||
7.50%, 09/01/25 (Call 09/01/21)(b) | 41,103 | 41,553,078 | ||||||
10.50%, 02/01/24 (Call 02/01/21)(a)(b) | 20,392 | 20,442,980 | ||||||
|
| |||||||
511,583,856 | ||||||||
Telecommunications — 7.0% | ||||||||
Altice France Holding SA | ||||||||
6.00%, 02/15/28 (Call 02/15/23)(a)(b) | 32,390 | 32,874,230 | ||||||
10.50%, 05/15/27 (Call 05/15/22)(a)(b) | 35,810 | 40,326,955 | ||||||
Altice France SA/France | ||||||||
5.13%, 01/15/29 (Call 09/15/23)(a)(b) | 13,640 | 14,083,164 | ||||||
5.50%, 01/15/28 (Call 09/15/22)(b) | 25,461 | 26,543,092 | ||||||
7.38%, 05/01/26 (Call 05/01/21)(b) | 120,845 | 126,638,176 | ||||||
8.13%, 02/01/27 (Call 02/01/22)(a)(b) | 41,662 | 45,898,105 | ||||||
Avaya Inc., 6.13%, 09/15/28 | 26,400 | 27,832,200 | ||||||
CenturyLink Inc. | ||||||||
4.00%, 02/15/27 (Call 02/15/23)(a)(b) | 28,875 | 29,797,969 | ||||||
4.50%, 01/15/29 (Call 01/15/24)(b) | 15,005 | 15,259,549 | ||||||
5.13%, 12/15/26 (Call 12/15/22)(a)(b) | 29,844 | 31,149,675 | ||||||
5.63%, 04/01/25 (Call 01/01/25)(a) | 13,850 | 14,842,006 | ||||||
Series T, 5.80%, 03/15/22 | 29,353 | 30,563,811 | ||||||
Series W, 6.75%, 12/01/23 | 19,153 | 21,191,278 | ||||||
Series Y, 7.50%, 04/01/24 | 26,863 | 30,086,560 | ||||||
Cincinnati Bell Inc., 7.00%, 07/15/24 (Call 09/15/21)(a)(b) | 18,496 | 19,212,720 |
Security | Par (000) | Value | ||||||
Telecommunications (continued) | ||||||||
CommScope Inc. | ||||||||
5.50%, 03/01/24 (Call 03/01/21)(a)(b) | $ | 29,539 | $ | 30,401,695 | ||||
6.00%, 03/01/26 (Call 03/01/22)(a)(b) | 35,131 | 37,063,205 | ||||||
7.13%, 07/01/28 (Call 07/01/23)(b) | 19,550 | 20,780,673 | ||||||
8.25%, 03/01/27 (Call 03/01/22)(a)(b) | 23,930 | 25,874,312 | ||||||
CommScope Technologies LLC | ||||||||
5.00%, 03/15/27 (Call 03/15/22)(a)(b) | 17,274 | 17,124,051 | ||||||
6.00%, 06/15/25 (Call 06/15/21)(a)(b) | 35,075 | 35,855,128 | ||||||
Connect Finco Sarl/Connect U.S. Finco LLC, 6.75%, 10/01/26 (Call 10/01/22)(b) | 51,577 | 53,382,329 | ||||||
Frontier Communications Corp. | ||||||||
5.00%, 05/01/28 (Call 05/01/24)(b) | 9,355 | 9,495,325 | ||||||
5.88%, 10/15/27 (Call 10/15/23)(a)(b) | 21,760 | 22,902,400 | ||||||
6.75%, 05/01/29 (Call 05/01/24)(b) | 14,650 | 15,162,750 | ||||||
Hughes Satellite Systems Corp. | ||||||||
5.25%, 08/01/26(a) | 16,837 | 18,562,793 | ||||||
6.63%, 08/01/26(a) | 20,714 | 23,048,261 | ||||||
Intelsat Jackson Holdings SA | ||||||||
8.00%, 02/15/24 (Call 02/15/21)(a)(b) | 24,990 | 25,552,275 | ||||||
9.50%, 09/30/22(b) | 7,476 | 8,255,149 | ||||||
Intrado Corp., 8.50%, 10/15/25 (Call 10/15/21)(a)(b) | 25,513 | 24,428,698 | ||||||
Koninklijke KPN NV, 7.00%, 03/28/73 (Call 03/28/23)(a)(b)(c) | 13,148 | 13,706,849 | ||||||
Level 3 Financing Inc. | ||||||||
3.63%, 01/15/29 (Call 01/15/24)(a)(b) | 22,755 | 22,754,545 | ||||||
4.25%, 07/01/28 (Call 07/01/23)(b) | 28,605 | 29,534,662 | ||||||
4.63%, 09/15/27 (Call 09/15/22)(b) | 21,805 | 22,694,723 | ||||||
5.25%, 03/15/26 (Call 03/15/21)(a) | 17,929 | 18,530,568 | ||||||
5.38%, 01/15/24 (Call 01/15/21) | 18,281 | 18,382,460 | ||||||
5.38%, 05/01/25 (Call 05/01/21) | 15,782 | 16,240,467 | ||||||
Nokia OYJ | ||||||||
3.38%, 06/12/22(a) | 7,936 | 8,176,540 | ||||||
4.38%, 06/12/27(a) | 12,278 | 13,336,118 | ||||||
Qwest Corp., 6.75%, 12/01/21(a) | 18,820 | 19,723,360 | ||||||
Sprint Communications Inc. | ||||||||
6.00%, 11/15/22 | 54,238 | 58,373,647 | ||||||
11.50%, 11/15/21 | 17,623 | 19,231,099 | ||||||
Sprint Corp. | ||||||||
7.13%, 06/15/24 | 60,132 | 69,978,615 | ||||||
7.25%, 09/15/21 | 942 | 980,858 | ||||||
7.63%, 02/15/25 (Call 11/15/24) | 35,909 | 43,001,027 | ||||||
7.63%, 03/01/26 (Call 11/01/25)(a) | 37,715 | 46,908,031 | ||||||
7.88%, 09/15/23 | 103,923 | 119,989,049 | ||||||
Telecom Italia SpA/Milano, | 36,224 | 39,389,978 | ||||||
Telefonaktiebolaget LM Ericsson, | 21,757 | 22,621,841 | ||||||
T-Mobile USA Inc. | ||||||||
4.00%, 04/15/22 (Call 03/16/22) | 9,749 | 10,069,905 | ||||||
4.50%, 02/01/26 (Call 02/01/21) | 23,898 | 24,543,246 | ||||||
4.75%, 02/01/28 (Call 02/01/23) | 34,781 | 37,234,800 | ||||||
5.13%, 04/15/25 (Call 04/15/21) | 14,792 | 15,175,852 | ||||||
5.38%, 04/15/27 (Call 04/15/22) | 14,685 | 15,695,817 | ||||||
6.00%, 03/01/23 (Call 12/11/20) | 28,094 | 28,144,569 | ||||||
6.00%, 04/15/24 (Call 04/15/21) | 25,532 | 25,971,970 | ||||||
6.50%, 01/15/26 (Call 01/15/21) | 45,380 | 47,120,323 | ||||||
ViaSat Inc. | ||||||||
5.63%, 09/15/25 (Call 09/15/21)(a)(b) | 17,526 | 17,832,705 | ||||||
5.63%, 04/15/27 (Call 04/15/22)(a)(b) | 11,276 | 11,835,101 | ||||||
6.50%, 07/15/28 (Call 06/17/23)(a)(b) | 11,744 | 12,317,569 | ||||||
Vmed O2 UK Financing I PLC, | 34,734 | 35,649,356 |
15
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF (Percentages shown are based on Net Assets) |
Security | Par/ Shares (000) | Value | ||||||
Telecommunications (continued) | ||||||||
Vodafone Group PLC, 7.00%, 04/04/79 (Call 01/04/29)(a)(c) | $ | 48,119 | $ | 58,961,322 | ||||
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 (Call 08/15/23)(a)(b) | 35,314 | 35,755,425 | ||||||
Zayo Group Holdings Inc. | ||||||||
4.00%, 03/01/27 (Call 03/01/21)(a)(b) | 36,241 | 36,014,494 | ||||||
6.13%, 03/01/28 (Call 03/01/23)(a)(b) | 27,720 | 29,095,300 | ||||||
|
| |||||||
1,919,160,725 | ||||||||
Toys, Games & Hobbies — 0.2% | ||||||||
Mattel Inc. | ||||||||
5.88%, 12/15/27 (Call 12/15/22)(a)(b) | 19,335 | 21,264,235 | ||||||
6.75%, 12/31/25 (Call 12/31/20)(a)(b) | 33,093 | 34,803,908 | ||||||
|
| |||||||
56,068,143 | ||||||||
Transportation — 0.4% | ||||||||
Navios Maritime Holdings Inc./Navios Maritime Finance II U.S. Inc., | 8,458 | 4,225,980 | ||||||
XPO Logistics Inc. | ||||||||
6.13%, 09/01/23 (Call 09/01/21)(b) | 12,956 | 13,165,288 | ||||||
6.25%, 05/01/25 (Call 05/01/22)(b) | 32,854 | 35,209,780 | ||||||
6.50%, 06/15/22 (Call 12/31/20)(a)(b) | 25,122 | 25,177,268 | ||||||
6.75%, 08/15/24 (Call 08/15/21)(a)(b) | 23,915 | 25,378,897 | ||||||
|
| |||||||
103,157,213 | ||||||||
Trucking & Leasing — 0.2% | ||||||||
AerCap Global Aviation Trust, | 12,568 | 12,105,677 | ||||||
Fortress Transportation & Infrastructure Investors LLC | ||||||||
6.50%, 10/01/25 (Call 10/01/21)(a)(b) | 11,924 | 12,217,131 | ||||||
6.75%, 03/15/22 (Call 03/15/21)(b) | 14,901 | 14,903,273 | ||||||
9.75%, 08/01/27 (Call 08/01/23)(b) | 10,464 | 11,876,640 | ||||||
|
| |||||||
51,102,721 | ||||||||
|
| |||||||
Total Corporate Bonds & Notes — 97.4% |
| 26,555,096,571 | ||||||
|
| |||||||
Floating Rate Loan Interests |
| |||||||
Oil & Gas — 0.1% | ||||||||
Ascent Resources Utica Holdings LLC/ARU Finance Corp., 2020 2nd Lien Term Loan, 1.00%, 11/01/25(g) | 23,239 | 24,569,433 | ||||||
|
| |||||||
Total Floating Rate Loan Interests — 0.1% |
| 24,569,433 | ||||||
|
| |||||||
Common Stocks | ||||||||
Media — 0.0% | ||||||||
AMC Entertainment Inc., (Acquired 7/31/20, Cost: 0)(h)(i)(j) | 65 | 278,549 | ||||||
|
| |||||||
Oil, Gas & Consumable Fuels — 0.0% | ||||||||
Whiting Petroleum Corp.(i) | 224 | 5,069,753 | ||||||
|
| |||||||
Total Common Stocks — 0.0% |
| 5,348,302 | ||||||
|
|
Security | Shares (000) | Value | ||||||
| ||||||||
Warrants | ||||||||
Oil & Gas — 0.0% | ||||||||
SM Energy Co. (Expires 06/30/23)(i) | 672 | $ | 2,835,329 | |||||
|
| |||||||
Total Warrants — 0.0% |
| 2,835,329 | ||||||
|
| |||||||
Short-Term Investments | ||||||||
Money Market Funds — 10.8% | ||||||||
BlackRock Cash Funds: Institutional, | 2,464,073 | 2,465,551,490 | ||||||
BlackRock Cash Funds: Treasury, | 492,020 | 492,020,000 | ||||||
|
| |||||||
2,957,571,490 | ||||||||
|
| |||||||
Total Short-Term Investments — 10.8% |
| 2,957,571,490 | ||||||
|
| |||||||
Total Investments in Securities — 108.3% |
| 29,545,421,125 | ||||||
Other Assets, Less Liabilities — (8.3)% |
| (2,272,602,536 | ) | |||||
|
| |||||||
Net Assets — 100.0% | $ | 27,272,818,589 | ||||||
|
|
(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) | Perpetual security with no stated maturity date. |
(e) | Step coupon security. Coupon rate will either increase (step-up bond) or decrease (step-down bond) at regular intervals until maturity. Interest rate shown reflects the rate currently in effect. |
(f) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
(g) | Fixed rate. |
(h) | Security is valued using significant unobservable inputs and is classified as Level 3 in the fair value hierarchy. |
(i) | Non-income producing security. |
(j) | Restricted security as to resale, excluding 144A securities. The Fund held restricted securities with a current value of $278,549, representing less than 0.05% of its net assets as of period end, and an original cost of $0. |
(k) | Affiliate of the Fund. |
(l) | Annualized 7-day yield as of period-end. |
(m) | All or a portion of this security was purchased with cash collateral received from loaned securities. |
16
Schedule of Investments (unaudited) (continued) November 30, 2020 | iShares® iBoxx $ High Yield Corporate Bond ETF |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended November 30, 2020 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
| ||||||||||||||||||||||||||||||||||||||||
Affiliated Issuer | Value at 02/29/20 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 11/30/20 | Shares Held at 11/30/20 (000) | Income | Capital Gain Distributions from Underlying Funds |
| ||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 2,093,745,759 | $ | 372,902,315 | (a) | $ | — | $ | (449,755 | ) | $ | (646,829 | ) | $ | 2,465,551,490 | 2,464,073 | $ | 9,366,307 | (b) | $ | — | |||||||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 256,613,000 | 235,407,000 | (a) | — | — | — | 492,020,000 | 492,020 | 460,948 | — | ||||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
| |||||||||||||||||||||||||||||||
$ | (449,755 | ) | $ | (646,829 | ) | $ | 2,957,571,490 | $ | 9,827,255 | $ | — | |||||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
(a) | Represents net amount purchased (sold). |
(b) | All or a portion represents securities lending income earned from the reinvestment of cash collateral from loaned securities, net of fees and collateral investment expenses, and other payments to and from borrowers of securities. |
Fair Value Measurements
Various inputs are used in determining the fair value of financial instruments. For description of the input levels and information about the Fund’s policy regarding valuation of financial instruments, refer to a recently published shareholder report. Shareholder reports are available on the Fund’s website at iShares.com and on the U.S. Securities and Exchange Commission website at sec.gov.
The following table summarizes the value of the Fund’s investments according to the fair value hierarchy as of November 30, 2020. The breakdown of the Fund’s investments into major categories is disclosed in the Schedule of Investments above.
| ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| ||||||||||||||||
Investments | ||||||||||||||||
Assets | ||||||||||||||||
Corporate Bonds & Notes | $ | — | $ | 26,555,096,571 | $ | — | $ | 26,555,096,571 | ||||||||
Floating Rate Loan Interests | — | 24,569,433 | — | 24,569,433 | ||||||||||||
Common Stocks | 5,069,753 | — | 278,549 | 5,348,302 | ||||||||||||
Warrants | — | 2,835,329 | — | 2,835,329 | ||||||||||||
Money Market Funds | 2,957,571,490 | — | — | 2,957,571,490 | ||||||||||||
|
|
|
|
|
|
|
| |||||||||
$ | 2,962,641,243 | $ | 26,582,501,333 | $ | 278,549 | $ | 29,545,421,125 | |||||||||
|
|
|
|
|
|
|
|
17