Schedule of Investments (unaudited) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Corporate Bonds & Notes | ||||||||
Advertising — 1.0% | ||||||||
Clear Channel Outdoor Holdings Inc. | ||||||||
5.13%, 08/15/27 (Call 07/01/24)(a)(b) | $ | 21,704 | $ | 20,526,558 | ||||
7.50%, 06/01/29 (Call 07/01/24)(a)(b) | 18,766 | 15,436,912 | ||||||
7.75%, 04/15/28 (Call 07/01/24)(a)(b) | 17,244 | 14,857,431 | ||||||
7.88%, 04/01/30 (Call 10/01/26)(a)(b) | 16,992 | 16,885,800 | ||||||
9.00%, 09/15/28 (Call 09/15/25)(a)(b) | 12,445 | 12,958,356 | ||||||
CMG Media Corp., 8.88%, 12/15/27 | ||||||||
(Call 06/11/24)(a)(b) | 14,056 | 7,028,000 | ||||||
Lamar Media Corp. | ||||||||
3.63%, 01/15/31 (Call 01/15/26)(b) | 9,682 | 8,380,431 | ||||||
3.75%, 02/15/28 (Call 06/17/24)(b) | 7,422 | 6,876,520 | ||||||
4.00%, 02/15/30 (Call 02/15/25)(b) | 9,668 | 8,693,966 | ||||||
4.88%, 01/15/29 (Call 07/01/24)(b) | 6,087 | 5,797,233 | ||||||
Outfront Media Capital LLC/Outfront Media Capital Corp. | ||||||||
4.25%, 01/15/29 (Call 07/01/24)(a)(b) | 8,914 | 8,057,810 | ||||||
4.63%, 03/15/30 (Call 03/15/25)(a)(b) | 10,716 | 9,526,524 | ||||||
5.00%, 08/15/27 (Call 06/11/24)(a)(b) | 11,857 | 11,382,720 | ||||||
7.38%, 02/15/31 (Call 11/15/26)(a)(b) | 8,375 | 8,634,102 | ||||||
Stagwell Global LLC, 5.63%, 08/15/29 | ||||||||
(Call 08/15/24)(a)(b) | 22,036 | 20,156,329 | ||||||
175,198,692 | ||||||||
Aerospace & Defense — 2.4% | ||||||||
Bombardier Inc. | ||||||||
6.00%, 02/15/28 (Call 07/02/24)(a)(b) | 13,493 | 13,302,324 | ||||||
7.00%, 06/01/32 (Call 06/01/27)(a) | 6,220 | 6,243,325 | ||||||
7.13%, 06/15/26 (Call 07/02/24)(a)(b) | 3,955 | 4,020,302 | ||||||
7.25%, 07/01/31 (Call 07/01/27)(a)(b) | 13,223 | 13,509,807 | ||||||
7.50%, 02/01/29 (Call 02/01/26)(a)(b) | 13,629 | 14,106,015 | ||||||
7.88%, 04/15/27 (Call 07/02/24)(a)(b) | 25,483 | 25,545,222 | ||||||
8.75%, 11/15/30 (Call 11/15/26)(a)(b) | 13,124 | 14,091,895 | ||||||
Rolls-Royce PLC | ||||||||
3.63%, 10/14/25 (Call 07/14/25)(a) | 1,615 | 1,565,541 | ||||||
5.75%, 10/15/27 (Call 07/15/27)(a) | 644 | 644,098 | ||||||
Spirit AeroSystems Inc. | ||||||||
4.60%, 06/15/28 (Call 03/15/28)(b) | 12,297 | 11,159,528 | ||||||
9.38%, 11/30/29 (Call 11/30/25)(a)(b) | 15,671 | 16,849,589 | ||||||
9.75%, 11/15/30 (Call 11/15/26)(a) | 21,413 | 23,402,501 | ||||||
TransDigm Inc. | ||||||||
4.63%, 01/15/29 (Call 07/01/24)(b) | 20,014 | 18,472,922 | ||||||
4.88%, 05/01/29 (Call 07/01/24)(b) | 13,202 | 12,233,908 | ||||||
5.50%, 11/15/27 (Call 07/01/24) | 44,510 | 43,455,522 | ||||||
6.38%, 03/01/29 (Call 03/01/26)(a) | 46,134 | 46,076,332 | ||||||
6.63%, 03/01/32 (Call 03/01/27)(a) | 38,132 | 38,216,272 | ||||||
6.75%, 08/15/28 (Call 02/15/25)(a)(b) | 36,850 | 37,288,515 | ||||||
6.88%, 12/15/30 (Call 08/18/26)(a)(b) | 25,276 | 25,640,000 | ||||||
7.13%, 12/01/31 (Call 12/01/26)(a)(b) | 15,700 | 16,104,958 | ||||||
Triumph Group Inc., 9.00%, 03/15/28 | ||||||||
(Call 03/15/25)(a)(b) | 21,501 | 22,195,590 | ||||||
404,124,166 | ||||||||
Agriculture — 0.3% | ||||||||
Darling Ingredients Inc. | ||||||||
5.25%, 04/15/27 (Call 06/11/24)(a) | 7,303 | 7,099,173 | ||||||
6.00%, 06/15/30 (Call 06/15/25)(a)(b) | 20,150 | 19,609,174 | ||||||
Vector Group Ltd. | ||||||||
5.75%, 02/01/29 (Call 07/01/24)(a) | 16,223 | 14,887,036 | ||||||
10.50%, 11/01/26 (Call 07/01/24)(a)(b) | 10,466 | 10,571,532 | ||||||
52,166,915 |
Security | Par (000) | Value | ||||||
Airlines — 1.8% | ||||||||
Air Canada, 3.88%, 08/15/26 | ||||||||
(Call 02/15/26)(a)(b) | $ | 22,414 | $ | 21,280,972 | ||||
American Airlines Inc. | ||||||||
7.25%, 02/15/28 (Call 02/15/25)(a)(b) | 14,725 | 14,705,484 | ||||||
8.50%, 05/15/29 (Call 11/15/25)(a) | 16,823 | 17,345,859 | ||||||
American Airlines Inc./AAdvantage Loyalty IP Ltd. | ||||||||
5.50%, 04/20/26(a) | 31,669 | 31,370,076 | ||||||
5.75%, 04/20/29(a) | 50,943 | 49,241,311 | ||||||
Delta Air Lines Inc. | ||||||||
3.75%, 10/28/29 (Call 07/28/29)(b) | 8,803 | 8,098,760 | ||||||
4.38%, 04/19/28 (Call 01/19/28)(b) | 6,468 | 6,228,011 | ||||||
7.38%, 01/15/26 (Call 12/15/25)(b) | 10,887 | 11,131,890 | ||||||
Hawaiian Brand Intellectual Property Ltd./HawaiianMiles Loyalty Ltd., 5.75%, | ||||||||
01/20/26 (Call 06/11/24)(a)(b) | 25,948 | 23,926,319 | ||||||
Spirit Loyalty Cayman Ltd./Spirit IP Cayman Ltd., 8.00%, 09/20/25 (Call 06/11/24)(a)(b) | 19,700 | 14,768,546 | ||||||
United Airlines Inc. | ||||||||
4.38%, 04/15/26 (Call 10/15/25)(a) | 38,519 | 37,064,908 | ||||||
4.63%, 04/15/29 (Call 10/15/28)(a) | 35,244 | 32,556,645 | ||||||
VistaJet Malta Finance PLC/Vista Management Holding Inc. | ||||||||
6.38%, 02/01/30 (Call 02/01/25)(a)(b) | 17,237 | 13,842,345 | ||||||
7.88%, 05/01/27 (Call 07/04/24)(a)(b) | 9,217 | 8,305,439 | ||||||
9.50%, 06/01/28 (Call 06/01/25)(a)(b) | 9,206 | 8,349,658 | ||||||
298,216,223 | ||||||||
Apparel — 0.2% | ||||||||
Hanesbrands Inc. | ||||||||
4.88%, 05/15/26 (Call 02/15/26)(a)(b) | 16,238 | 15,760,445 | ||||||
9.00%, 02/15/31 (Call 02/15/26)(a)(b) | 11,639 | 11,877,483 | ||||||
27,637,928 | ||||||||
Auto Manufacturers — 0.4% | ||||||||
Allison Transmission Inc. | ||||||||
3.75%, 01/30/31 (Call 01/30/26)(a)(b) | 16,674 | 14,428,012 | ||||||
4.75%, 10/01/27 (Call 06/11/24)(a)(b) | 7,633 | 7,338,689 | ||||||
5.88%, 06/01/29 (Call 07/01/24)(a)(b) | 7,921 | 7,794,581 | ||||||
Jaguar Land Rover Automotive PLC | ||||||||
4.50%, 10/01/27 (Call 07/01/27)(a)(b) | 8,015 | 7,559,668 | ||||||
5.50%, 07/15/29 (Call 07/15/24)(a) | 8,880 | 8,463,528 | ||||||
5.88%, 01/15/28 (Call 07/01/24)(a)(b) | 9,334 | 9,087,862 | ||||||
7.75%, 10/15/25 (Call 06/11/24)(a) | 12,327 | 12,397,819 | ||||||
67,070,159 | ||||||||
Auto Parts & Equipment — 1.8% | ||||||||
Adient Global Holdings Ltd. | ||||||||
4.88%, 08/15/26 (Call 07/01/24)(a)(b) | 12,144 | 11,795,103 | ||||||
7.00%, 04/15/28 (Call 04/15/25)(a)(b) | 7,616 | 7,759,894 | ||||||
8.25%, 04/15/31 (Call 04/15/26)(a)(b) | 9,237 | 9,669,984 | ||||||
American Axle & Manufacturing Inc. | ||||||||
5.00%, 10/01/29 (Call 10/01/24)(b) | 12,032 | 10,952,880 | ||||||
6.50%, 04/01/27 (Call 07/01/24)(b) | 7,689 | 7,667,032 | ||||||
6.88%, 07/01/28 (Call 06/11/24)(b) | 7,164 | 7,117,812 | ||||||
Clarios Global LP, 6.75%, 05/15/25 | ||||||||
(Call 07/02/24)(a) | 3,712 | 3,712,000 | ||||||
Clarios Global LP/Clarios U.S. Finance Co. | ||||||||
6.25%, 05/15/26 (Call 07/05/24)(a)(b) | 7,508 | 7,498,615 | ||||||
6.75%, 05/15/28 (Call 05/15/25)(a)(b) | 13,705 | 13,846,024 | ||||||
8.50%, 05/15/27 (Call 07/05/24)(a)(b) | 27,041 | 27,197,859 | ||||||
Dana Inc. | ||||||||
4.25%, 09/01/30 (Call 05/01/26)(b) | 7,790 | 6,774,087 |
1
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Auto Parts & Equipment (continued) | ||||||||
5.38%, 11/15/27 (Call 06/11/24)(b) | $ | 7,107 | $ | 6,872,838 | ||||
5.63%, 06/15/28 (Call 06/11/24)(b) | 7,132 | 6,900,210 | ||||||
Goodyear Tire & Rubber Co. (The) | ||||||||
4.88%, 03/15/27 (Call 12/15/26)(b) | 11,626 | 11,160,379 | ||||||
5.00%, 05/31/26 (Call 07/01/24)(b) | 14,965 | 14,593,718 | ||||||
5.00%, 07/15/29 (Call 04/15/29)(b) | 14,097 | 12,969,240 | ||||||
5.25%, 04/30/31 (Call 01/30/31)(b) | 9,499 | 8,618,181 | ||||||
5.25%, 07/15/31 (Call 04/15/31)(b) | 11,494 | 10,396,323 | ||||||
5.63%, 04/30/33 (Call 01/30/33)(b) | 8,807 | 7,889,146 | ||||||
9.50%, 05/31/25 (Call 06/17/24) | 10,899 | 10,919,708 | ||||||
IHO Verwaltungs GmbH | ||||||||
4.75%, 09/15/26 (Call 06/11/24), | ||||||||
(4.75% Cash and 5.50 PIK)(a)(c) | 7,353 | 7,106,830 | ||||||
6.00%, 05/15/27 (Call 06/11/24), | ||||||||
(6.75% PIK)(a)(c) | 7,384 | 7,262,829 | ||||||
6.38%, 05/15/29 (Call 07/01/24), | ||||||||
(7.13% PIK)(a)(b)(c) | 7,406 | 7,292,866 | ||||||
Tenneco Inc., 8.00%, 11/17/28 | ||||||||
(Call 11/17/24)(a)(b) | 34,563 | 31,556,365 | ||||||
ZF North America Capital Inc. | ||||||||
4.75%, 04/29/25(a) | 4,219 | 4,155,926 | ||||||
6.75%, 04/23/30 (Call 03/23/30)(a) | 14,109 | 14,338,271 | ||||||
6.88%, 04/14/28 (Call 03/14/28)(a) | 10,654 | 10,848,094 | ||||||
6.88%, 04/23/32 (Call 02/23/32)(a) | 14,127 | 14,435,195 | ||||||
7.13%, 04/14/30 (Call 02/14/30)(a)(b) | 11,027 | 11,375,182 | ||||||
312,682,591 | ||||||||
Banks — 0.8% | ||||||||
Freedom Mortgage Corp. | ||||||||
6.63%, 01/15/27 (Call 07/01/24)(a)(b) | 9,379 | 9,057,582 | ||||||
7.63%, 05/01/26 (Call 06/17/24)(a) | 9,085 | 9,026,856 | ||||||
12.00%, 10/01/28 (Call 10/01/25)(a) | 13,336 | 14,411,670 | ||||||
12.25%, 10/01/30 (Call 10/01/26)(a) | 8,642 | 9,473,598 | ||||||
Intesa Sanpaolo SpA | ||||||||
4.20%, 06/01/32 (Call 06/01/31), | ||||||||
(1-year CMT + 2.600%)(a)(b)(d) | 12,923 | 10,913,515 | ||||||
5.71%, 01/15/26(a)(b) | 26,194 | 25,924,547 | ||||||
UniCredit SpA | ||||||||
5.46%, 06/30/35 (Call 06/30/30), | ||||||||
(5-year CMT + 4.750%)(a)(b)(d) | 25,264 | 23,729,171 | ||||||
5.86%, 06/19/32 (Call 06/19/27), | ||||||||
(5-year USD ICE Swap + 3.703%)(a)(b)(d) | 17,020 | 16,663,273 | ||||||
7.30%, 04/02/34 (Call 04/02/29), | ||||||||
(5-year USD ICE Swap + 4.914%)(a)(b)(d) | 21,983 | 22,578,777 | ||||||
141,778,989 | ||||||||
Building Materials — 1.6% | ||||||||
Builders FirstSource Inc. | ||||||||
4.25%, 02/01/32 (Call 08/01/26)(a)(b) | 22,327 | 19,508,216 | ||||||
5.00%, 03/01/30 (Call 03/01/25)(a)(b) | 9,546 | 8,985,582 | ||||||
6.38%, 06/15/32 (Call 06/15/27)(a)(b) | 11,785 | 11,745,057 | ||||||
6.38%, 03/01/34 (Call 03/01/29)(a)(b) | 17,356 | 16,848,337 | ||||||
Camelot Return Merger Sub Inc., 8.75%, | ||||||||
08/01/28 (Call 08/01/24)(a)(b) | 13,299 | 13,181,229 | ||||||
EMRLD Borrower LP/Emerald Co-Issuer Inc., | ||||||||
6.63%, 12/15/30 (Call 06/15/26)(a)(b) | 47,834 | 47,923,689 | ||||||
Miter Brands Acquisition Holdco Inc./MIWD Borrower LLC, 6.75%, 04/01/32 | ||||||||
(Call 04/01/27)(a)(b) | 12,829 | 12,684,674 | ||||||
MIWD Holdco II LLC/MIWD Finance Corp., | ||||||||
5.50%, 02/01/30 (Call 02/01/25)(a)(b) | 9,335 | 8,529,856 |
Security | Par (000) | Value | ||||||
Building Materials (continued) | ||||||||
Smyrna Ready Mix Concrete LLC | ||||||||
6.00%, 11/01/28 (Call 07/01/24)(a) | $ | 17,716 | $ | 17,115,104 | ||||
8.88%, 11/15/31 (Call 11/15/26)(a)(b) | 18,739 | 19,723,695 | ||||||
Standard Industries Inc./NJ | ||||||||
3.38%, 01/15/31 (Call 07/15/25)(a)(b) | 18,514 | 15,453,451 | ||||||
4.38%, 07/15/30 (Call 07/15/25)(a) | 26,088 | 23,304,504 | ||||||
4.75%, 01/15/28 (Call 07/01/24)(a)(b) | 17,818 | 16,927,100 | ||||||
5.00%, 02/15/27 (Call 07/01/24)(a)(b) | 15,133 | 14,673,562 | ||||||
Summit Materials LLC/Summit Materials Finance Corp. | ||||||||
5.25%, 01/15/29 (Call 06/11/24)(a)(b) | 8,659 | 8,349,441 | ||||||
7.25%, 01/15/31 (Call 01/15/27)(a)(b) | 14,811 | 15,223,486 | ||||||
270,176,983 | ||||||||
Chemicals — 1.9% | ||||||||
ASP Unifrax Holdings Inc. | ||||||||
5.25%, 09/30/28 (Call 09/30/24)(a) | 11,107 | 5,581,268 | ||||||
7.50%, 09/30/29 (Call 09/30/24)(a)(b) | 5,440 | 2,793,168 | ||||||
Avient Corp. | ||||||||
5.75%, 05/15/25 (Call 07/01/24)(a) | 8,431 | 8,385,473 | ||||||
7.13%, 08/01/30 (Call 08/01/25)(a)(b) | 4,476 | 4,549,093 | ||||||
Axalta Coating Systems Dutch Holding B BV, | ||||||||
7.25%, 02/15/31 (Call 11/15/26)(a)(b) | 6,040 | 6,240,830 | ||||||
Axalta Coating Systems LLC, 3.38%, 02/15/29 | ||||||||
(Call 07/01/24)(a)(b) | 13,543 | 12,084,013 | ||||||
Axalta Coating Systems LLC/Axalta Coating Systems Dutch Holding B BV, 4.75%, | ||||||||
06/15/27 (Call 07/05/24)(a) | 6,657 | 6,434,110 | ||||||
Chemours Co. (The) | ||||||||
4.63%, 11/15/29 (Call 11/15/24)(a) | 11,026 | 9,403,111 | ||||||
5.38%, 05/15/27 (Call 02/15/27)(b) | 9,393 | 8,911,970 | ||||||
5.75%, 11/15/28 (Call 06/11/24)(a)(b) | 14,769 | 13,532,096 | ||||||
INEOS Finance PLC | ||||||||
6.75%, 05/15/28 (Call 02/15/25)(a)(b) | 8,623 | 8,567,022 | ||||||
7.50%, 04/15/29 (Call 04/15/26)(a)(b) | 13,254 | 13,383,094 | ||||||
Methanex Corp. | ||||||||
5.13%, 10/15/27 (Call 04/15/27)(b) | 14,206 | 13,726,547 | ||||||
5.25%, 12/15/29 (Call 09/15/29)(b) | 12,179 | 11,615,721 | ||||||
NOVA Chemicals Corp. | ||||||||
4.25%, 05/15/29 (Call 07/02/24)(a)(b) | 10,181 | 8,921,101 | ||||||
5.00%, 05/01/25 (Call 01/31/25)(a)(b) | 6,428 | 6,361,534 | ||||||
5.25%, 06/01/27 (Call 03/03/27)(a) | 18,176 | 17,426,240 | ||||||
8.50%, 11/15/28 (Call 11/15/25)(a)(b) | 5,910 | 6,270,333 | ||||||
9.00%, 02/15/30 (Call 08/15/26)(a)(b) | 11,459 | 12,115,942 | ||||||
Olin Corp. | ||||||||
5.00%, 02/01/30 (Call 07/01/24)(b) | 8,979 | 8,451,843 | ||||||
5.13%, 09/15/27 (Call 07/01/24) | 7,573 | 7,324,851 | ||||||
5.63%, 08/01/29 (Call 08/01/24)(b) | 10,831 | 10,533,147 | ||||||
Olympus Water U.S. Holding Corp. | ||||||||
4.25%, 10/01/28 (Call 10/01/24)(a)(b) | 13,985 | 12,842,891 | ||||||
6.25%, 10/01/29 (Call 10/01/24)(a)(b) | 6,436 | 5,959,466 | ||||||
9.75%, 11/15/28 (Call 06/01/25)(a)(b) | 28,523 | 30,339,279 | ||||||
SCIH Salt Holdings Inc. | ||||||||
4.88%, 05/01/28 (Call 07/01/24)(a)(b) | 18,341 | 17,109,585 | ||||||
6.63%, 05/01/29 (Call 07/01/24)(a)(b) | 11,879 | 11,206,847 | ||||||
Tronox Inc., 4.63%, 03/15/29 | ||||||||
(Call 07/01/24)(a)(b) | 19,019 | 17,247,856 | ||||||
WR Grace Holdings LLC | ||||||||
4.88%, 06/15/27 (Call 07/01/24)(a) | 15,876 | 15,201,270 | ||||||
5.63%, 08/15/29 (Call 08/15/24)(a)(b) | 19,780 | 18,197,600 | ||||||
330,717,301 |
2
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Commercial Services — 4.2% | ||||||||
ADT Security Corp. (The), 4.13%, 08/01/29 | ||||||||
(Call 08/01/28)(a)(b) | $ | 16,224 | $ | 14,773,677 | ||||
Albion Financing 1 SARL/Aggreko Holdings Inc., 6.13%, 10/15/26 | ||||||||
(Call 07/01/24)(a) | 10,562 | 10,399,913 | ||||||
Albion Financing 2 SARL, 8.75%, 04/15/27 | ||||||||
(Call 07/01/24)(a)(b) | 8,710 | 8,763,163 | ||||||
Allied Universal Holdco LLC, 7.88%, 02/15/31 | ||||||||
(Call 02/15/27)(a) | 20,320 | 20,257,008 | ||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp. | ||||||||
6.00%, 06/01/29 (Call 07/01/24)(a)(b) | 17,575 | 14,982,687 | ||||||
6.63%, 07/15/26 (Call 07/01/24)(a)(b) | 859 | 858,362 | ||||||
9.75%, 07/15/27 (Call 07/01/24)(a) | 15,478 | 15,358,897 | ||||||
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 SARL, 4.63%, | ||||||||
06/01/28 (Call 07/05/24)(a) | 33,731 | 30,376,831 | ||||||
APX Group Inc. | ||||||||
5.75%, 07/15/29 (Call 07/15/24)(a)(b) | 14,016 | 13,300,783 | ||||||
6.75%, 02/15/27 (Call 07/01/24)(a)(b) | 11,122 | 11,038,585 | ||||||
Avis Budget Car Rental LLC/Avis Budget Finance Inc. | ||||||||
4.75%, 04/01/28 (Call 06/11/24)(a)(b) | 8,671 | 7,858,180 | ||||||
5.38%, 03/01/29 (Call 07/01/24)(a)(b) | 10,312 | 9,409,700 | ||||||
5.75%, 07/15/27 (Call 06/11/24)(a)(b) | 7,736 | 7,407,220 | ||||||
8.00%, 02/15/31 (Call 11/15/26)(a)(b) | 8,875 | 8,752,969 | ||||||
Block Inc. | ||||||||
2.75%, 06/01/26 (Call 05/01/26)(b) | 13,070 | 12,326,056 | ||||||
3.50%, 06/01/31 (Call 03/01/31)(b) | 17,969 | 15,399,304 | ||||||
6.50%, 05/15/32 (Call 05/15/27)(a) | 6,570 | 6,611,063 | ||||||
Boost Newco Borrower LLC, 7.50%, 01/15/31 | ||||||||
(Call 01/15/27)(a) | 37,718 | 39,139,591 | ||||||
Brink’s Co. (The) | ||||||||
4.63%, 10/15/27 (Call 07/01/24)(a)(b) | 10,637 | 10,093,434 | ||||||
5.50%, 07/15/25 (Call 07/01/24)(a)(b) | 3,821 | 3,801,895 | ||||||
Garda World Security Corp. | ||||||||
4.63%, 02/15/27 (Call 07/01/24)(a)(b) | 9,598 | 9,114,577 | ||||||
6.00%, 06/01/29 (Call 07/02/24)(a)(b) | 9,856 | 8,867,320 | ||||||
7.75%, 02/15/28 (Call 02/15/25)(a)(b) | 6,681 | 6,772,864 | ||||||
9.50%, 11/01/27 (Call 07/02/24)(a)(b) | 8,846 | 8,859,092 | ||||||
GEO Group Inc. (The) | ||||||||
8.63%, 04/15/29 (Call 04/15/26)(a)(b) | 10,288 | 10,595,477 | ||||||
10.25%, 04/15/31 (Call 04/15/27)(a)(b) | 10,884 | 11,454,322 | ||||||
Herc Holdings Inc., 5.50%, 07/15/27 | ||||||||
(Call 07/01/24)(a)(b) | 22,186 | 21,603,617 | ||||||
Hertz Corp. (The) | ||||||||
4.63%, 12/01/26 (Call 07/01/24)(a)(b) | 8,172 | 6,231,150 | ||||||
5.00%, 12/01/29 (Call 12/01/24)(a)(b) | 17,894 | 11,810,040 | ||||||
MPH Acquisition Holdings LLC | ||||||||
5.50%, 09/01/28 (Call 09/01/24)(a) | 18,083 | 13,358,816 | ||||||
5.75%, 11/01/28 (Call 07/01/24)(a)(b) | 17,505 | 10,374,338 | ||||||
Neptune Bidco U.S. Inc., 9.29%, 04/15/29 | ||||||||
(Call 10/15/25)(a) | 45,371 | 43,329,305 | ||||||
Prime Security Services Borrower LLC/Prime Finance Inc. | ||||||||
3.38%, 08/31/27 (Call 08/31/26)(a)(b) | 17,540 | 16,123,256 | ||||||
5.75%, 04/15/26(a) | 24,353 | 24,182,042 | ||||||
6.25%, 01/15/28 (Call 07/01/24)(a)(b) | 22,080 | 21,583,200 | ||||||
Sabre GLBL Inc. | ||||||||
8.63%, 06/01/27 (Call 03/01/25)(a) | 16,099 | 14,759,333 | ||||||
11.25%, 12/15/27 (Call 06/15/25)(a)(b) | 10,025 | 9,746,205 |
Security | Par (000) | Value | ||||||
Commercial Services (continued) | ||||||||
Service Corp. International/U.S. | ||||||||
3.38%, 08/15/30 (Call 08/15/25)(b) | $ | 14,575 | $ | 12,455,766 | ||||
4.00%, 05/15/31 (Call 05/15/26)(b) | 14,258 | 12,457,928 | ||||||
4.63%, 12/15/27 (Call 07/01/24)(b) | 6,466 | 6,181,949 | ||||||
5.13%, 06/01/29 (Call 07/01/24)(b) | 10,307 | 9,915,540 | ||||||
Sotheby’s, 7.38%, 10/15/27 (Call 06/11/24)(a)(b) | 14,153 | 12,313,110 | ||||||
United Rentals North America Inc. | ||||||||
3.75%, 01/15/32 (Call 07/15/26)(b) | 13,010 | 11,147,944 | ||||||
3.88%, 11/15/27 (Call 06/11/24) | 11,889 | 11,164,514 | ||||||
3.88%, 02/15/31 (Call 08/15/25)(b) | 19,278 | 16,979,702 | ||||||
4.00%, 07/15/30 (Call 07/15/25)(b) | 11,664 | 10,458,856 | ||||||
4.88%, 01/15/28 (Call 06/11/24)(b) | 25,515 | 24,586,096 | ||||||
5.25%, 01/15/30 (Call 01/15/25)(b) | 11,184 | 10,738,094 | ||||||
5.50%, 05/15/27 (Call 07/01/24) | 5,924 | 5,853,241 | ||||||
6.13%, 03/15/34 (Call 03/15/29)(a) | 19,385 | 19,056,174 | ||||||
Valvoline Inc., 3.63%, 06/15/31 | ||||||||
(Call 06/15/26)(a)(b) | 868 | 733,460 | ||||||
Wand NewCo 3 Inc., 7.63%, 01/30/32 | ||||||||
(Call 01/30/27)(a)(b) | 23,337 | 23,937,694 | ||||||
Williams Scotsman Inc. | ||||||||
4.63%, 08/15/28 (Call 07/01/24)(a) | 8,594 | 8,040,761 | ||||||
6.13%, 06/15/25 (Call 06/17/24)(a) | 6,792 | 6,781,489 | ||||||
7.38%, 10/01/31 (Call 10/01/26)(a)(b) | 8,563 | 8,795,730 | ||||||
721,272,320 | ||||||||
Computers — 1.3% | ||||||||
McAfee Corp., 7.38%, 02/15/30 | ||||||||
(Call 02/15/25)(a)(b) | 35,914 | 33,246,308 | ||||||
NCR Atleos Corp., 9.50%, 04/01/29 | ||||||||
(Call 10/01/26)(a) | 26,033 | 28,131,098 | ||||||
NCR Voyix Corp. | ||||||||
5.00%, 10/01/28 (Call 07/01/24)(a) | 10,858 | 10,156,682 | ||||||
5.13%, 04/15/29 (Call 07/01/24)(a)(b) | 20,272 | 18,776,940 | ||||||
5.25%, 10/01/30 (Call 10/01/25)(a) | 7,891 | 7,161,083 | ||||||
Presidio Holdings Inc. | ||||||||
4.88%, 02/01/27 (Call 06/30/24)(a) | 9,925 | 9,943,609 | ||||||
8.25%, 02/01/28 (Call 06/30/24)(a)(b) | 7,532 | 7,682,452 | ||||||
Seagate HDD Cayman | ||||||||
4.09%, 06/01/29 (Call 03/01/29)(b) | 11,253 | 10,303,528 | ||||||
4.88%, 06/01/27 (Call 03/01/27)(b) | 7,382 | 7,149,680 | ||||||
8.25%, 12/15/29 (Call 07/15/26)(a)(b) | 8,603 | 9,202,371 | ||||||
8.50%, 07/15/31 (Call 07/15/26)(a)(b) | 8,544 | 9,126,174 | ||||||
9.63%, 12/01/32 (Call 12/01/27)(b) | 13,045 | 14,778,832 | ||||||
Vericast Corp., 11.00%, 09/15/26 | ||||||||
(Call 07/01/24)(a) | 23,885 | 25,771,884 | ||||||
Western Digital Corp., 4.75%, 02/15/26 | ||||||||
(Call 11/15/25) | 35,257 | 34,533,265 | ||||||
225,963,906 | ||||||||
Cosmetics & Personal Care — 0.3% | ||||||||
Coty Inc., 5.00%, 04/15/26 (Call 07/01/24)(a) | 7,830 | 7,712,550 | ||||||
Coty Inc./HFC Prestige Products Inc./HFC Prestige International U.S. LLC | ||||||||
4.75%, 01/15/29 (Call 01/15/25)(a) | 8,163 | 7,663,016 | ||||||
6.63%, 07/15/30 (Call 07/16/26)(a)(b) | 12,647 | 12,741,853 | ||||||
Edgewell Personal Care Co. | ||||||||
4.13%, 04/01/29 (Call 06/11/24)(a)(b) | 8,817 | 8,031,736 | ||||||
5.50%, 06/01/28 (Call 07/01/24)(a)(b) | 12,820 | 12,464,259 | ||||||
48,613,414 |
3
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Distribution & Wholesale — 0.4% | ||||||||
American Builders & Contractors Supply Co. Inc. | ||||||||
3.88%, 11/15/29 (Call 11/15/24)(a)(b) | $ | 7,071 | $ | 6,263,727 | ||||
4.00%, 01/15/28 (Call 07/01/24)(a) | 12,752 | 11,870,837 | ||||||
H&E Equipment Services Inc., 3.88%, 12/15/28 | ||||||||
(Call 07/01/24)(a) | 24,673 | 22,082,335 | ||||||
Ritchie Bros Holdings Inc. | ||||||||
6.75%, 03/15/28 (Call 03/15/25)(a)(b) | 6,820 | 6,888,200 | ||||||
7.75%, 03/15/31 (Call 03/15/26)(a)(b) | 15,141 | 15,830,218 | ||||||
Wesco Aircraft Holdings Inc. | ||||||||
8.50%, 11/15/24 (Call 07/01/24)(a)(e)(f) | 9,458 | 1,101,857 | ||||||
9.00%, 11/15/26 (Call 07/01/24)(a)(b)(e)(f) | 13,501 | 1,937,394 | ||||||
65,974,568 | ||||||||
Diversified Financial Services — 4.8% | ||||||||
AG Issuer LLC, 6.25%, 03/01/28 | ||||||||
(Call 07/01/24)(a) | 12,532 | 12,195,390 | ||||||
AG TTMT Escrow Issuer LLC, 8.63%, 09/30/27 | ||||||||
(Call 09/30/24)(a) | 10,115 | 10,505,348 | ||||||
Ally Financial Inc. | ||||||||
5.75%, 11/20/25 (Call 10/21/25)(b) | 14,050 | 13,984,479 | ||||||
6.70%, 02/14/33 (Call 11/16/32)(b) | 8,842 | 8,846,409 | ||||||
Aretec Group Inc. | ||||||||
7.50%, 04/01/29 (Call 07/01/24)(a)(b) | 6,835 | 6,581,820 | ||||||
10.00%, 08/15/30 (Call 10/15/26)(a) | 12,185 | 13,329,659 | ||||||
Bread Financial Holdings Inc., 9.75%, 03/15/29 | ||||||||
(Call 03/15/26)(a)(b) | 16,641 | 17,426,622 | ||||||
Burford Capital Global Finance LLC | ||||||||
6.25%, 04/15/28 (Call 07/01/24)(a)(b) | 6,086 | 5,909,419 | ||||||
9.25%, 07/01/31 (Call 07/01/26)(a)(b) | 11,713 | 12,279,909 | ||||||
Coinbase Global Inc. | ||||||||
3.38%, 10/01/28 (Call 10/01/24)(a)(b) | 16,445 | 14,020,390 | ||||||
3.63%, 10/01/31 (Call 10/01/26)(a)(b) | 12,896 | 10,220,360 | ||||||
Credit Acceptance Corp. | ||||||||
6.63%, 03/15/26 (Call 06/11/24)(b) | 6,507 | 6,489,138 | ||||||
9.25%, 12/15/28 (Call 12/15/25)(a)(b) | 12,591 | 13,272,473 | ||||||
Encore Capital Group Inc. | ||||||||
8.50%, 05/15/30 (Call 05/15/27)(a) | 6,650 | 6,658,645 | ||||||
9.25%, 04/01/29 (Call 04/01/26)(a) | 6,499 | 6,767,896 | ||||||
Freedom Mortgage Holdings LLC | ||||||||
9.13%, 05/15/31 (Call 05/15/27)(a) | 6,830 | 6,795,850 | ||||||
9.25%, 02/01/29 (Call 02/01/26)(a) | 13,860 | 13,995,274 | ||||||
GGAM Finance Ltd. | ||||||||
6.88%, 04/15/29 (Call 04/15/26)(a)(b) | 8,850 | 8,909,472 | ||||||
8.00%, 02/15/27 (Call 08/15/26)(a)(b) | 13,166 | 13,542,611 | ||||||
8.00%, 06/15/28 (Call 12/15/27)(a) | 10,563 | 10,963,514 | ||||||
7.75%, 05/15/26 (Call 11/15/25)(a) | 6,116 | 6,235,294 | ||||||
goeasy Ltd. | ||||||||
7.63%, 07/01/29 (Call 07/01/26)(a)(b) | 7,177 | 7,291,944 | ||||||
9.25%, 12/01/28 (Call 12/01/25)(a) | 9,799 | 10,350,194 | ||||||
Jane Street Group/JSG Finance Inc. | ||||||||
4.50%, 11/15/29 (Call 11/15/24)(a)(b) | 6,416 | 5,941,101 | ||||||
7.13%, 04/30/31 (Call 04/30/27)(a) | 21,044 | 21,404,050 | ||||||
Jefferies Finance LLC/JFIN Co-Issuer Corp., | ||||||||
5.00%, 08/15/28 (Call 08/15/24)(a) | 18,127 | 16,676,840 | ||||||
LD Holdings Group LLC | ||||||||
6.13%, 04/01/28 (Call 06/11/24)(a)(b) | 8,965 | 6,230,675 | ||||||
6.50%, 11/01/25 (Call 07/01/24)(a) | 8,715 | 8,382,087 | ||||||
Macquarie Airfinance Holdings Ltd. | ||||||||
6.40%, 03/26/29 (Call 02/26/29)(a)(b) | 11,903 | 12,036,909 | ||||||
6.50%, 03/26/31 (Call 01/26/31)(a)(b) | 7,370 | 7,471,862 | ||||||
8.13%, 03/30/29 (Call 09/30/25)(a)(b) | 7,155 | 7,524,341 |
Security | Par (000) | Value | ||||||
Diversified Financial Services (continued) | ||||||||
8.38%, 05/01/28 (Call 05/01/25)(a) | $ | 6,893 | $ | 7,260,934 | ||||
Midcap Financial Issuer Trust | ||||||||
5.63%, 01/15/30 (Call 01/15/25)(a) | 7,069 | 6,071,766 | ||||||
6.50%, 05/01/28 (Call 06/17/24)(a) | 17,958 | 16,711,190 | ||||||
Nationstar Mortgage Holdings Inc. | ||||||||
5.00%, 02/01/26 (Call 07/01/24)(a) | 10,410 | 10,219,857 | ||||||
5.13%, 12/15/30 (Call 12/15/25)(a)(b) | 12,289 | 11,159,533 | ||||||
5.50%, 08/15/28 (Call 07/01/24)(a) | 14,630 | 13,978,672 | ||||||
5.75%, 11/15/31 (Call 11/15/26)(a)(b) | 10,789 | 9,973,387 | ||||||
6.00%, 01/15/27 (Call 07/01/24)(a) | 11,036 | 10,888,854 | ||||||
7.13%, 02/01/32 (Call 02/01/27)(a)(b) | 17,187 | 17,133,963 | ||||||
Navient Corp. | ||||||||
4.88%, 03/15/28 (Call 06/15/27) | 8,933 | 8,187,898 | ||||||
5.00%, 03/15/27 (Call 09/15/26)(b) | 12,272 | 11,646,128 | ||||||
5.50%, 03/15/29 (Call 06/15/28)(b) | 13,131 | 11,956,506 | ||||||
6.75%, 06/25/25(b) | 8,190 | 8,182,793 | ||||||
6.75%, 06/15/26 | 8,998 | 8,980,184 | ||||||
9.38%, 07/25/30 (Call 10/25/29) | 9,229 | 9,638,902 | ||||||
11.50%, 03/15/31 (Call 03/15/27) | 8,685 | 9,531,788 | ||||||
OneMain Finance Corp. | ||||||||
3.50%, 01/15/27 (Call 07/01/24) | 14,091 | 13,033,893 | ||||||
3.88%, 09/15/28 (Call 09/15/24) | 10,658 | 9,476,561 | ||||||
4.00%, 09/15/30 (Call 09/15/25)(b) | 15,892 | 13,533,740 | ||||||
5.38%, 11/15/29 (Call 05/15/29)(b) | 12,779 | 11,896,145 | ||||||
6.63%, 01/15/28 (Call 07/15/27)(b) | 13,968 | 13,877,348 | ||||||
6.88%, 03/15/25 | 544 | 549,270 | ||||||
7.13%, 03/15/26 | 28,059 | 28,442,847 | ||||||
7.50%, 05/15/31 (Call 05/15/27)(b) | 5,547 | 5,553,934 | ||||||
7.88%, 03/15/30 (Call 12/15/26) | 12,095 | 12,328,172 | ||||||
9.00%, 01/15/29 (Call 07/15/25)(b) | 15,966 | 16,745,939 | ||||||
PennyMac Financial Services Inc. | ||||||||
4.25%, 02/15/29 (Call 07/01/24)(a) | 10,769 | 9,652,901 | ||||||
5.38%, 10/15/25 (Call 07/01/24)(a) | 8,049 | 7,977,766 | ||||||
5.75%, 09/15/31 (Call 09/15/26)(a)(b) | 9,763 | 8,988,892 | ||||||
7.13%, 11/15/30 (Call 11/15/26)(a) | 9,784 | 9,659,743 | ||||||
7.88%, 12/15/29 (Call 12/15/26)(a)(b) | 12,906 | 13,212,517 | ||||||
PRA Group Inc. | ||||||||
8.38%, 02/01/28 (Call 02/01/25)(a) | 9,575 | 9,508,873 | ||||||
8.88%, 01/31/30 (Call 06/01/26)(a) | 7,130 | 7,047,720 | ||||||
Rocket Mortgage LLC/Rocket Mortgage | ||||||||
Co-Issuer Inc. | ||||||||
2.88%, 10/15/26 (Call 07/01/24)(a) | 20,042 | 18,628,638 | ||||||
3.63%, 03/01/29 (Call 07/01/24)(a)(b) | 12,916 | 11,543,171 | ||||||
3.88%, 03/01/31 (Call 03/01/26)(a)(b) | 21,955 | 19,009,036 | ||||||
4.00%, 10/15/33 (Call 10/15/27)(a)(b) | 15,187 | 12,618,666 | ||||||
SLM Corp. | ||||||||
3.13%, 11/02/26 (Call 10/02/26) | 9,627 | 8,927,422 | ||||||
4.20%, 10/29/25 (Call 09/29/25)(b) | 7,190 | 6,992,791 | ||||||
Synchrony Financial, 7.25%, 02/02/33 | ||||||||
(Call 11/02/32) | 13,127 | 13,151,587 | ||||||
United Wholesale Mortgage LLC | ||||||||
5.50%, 11/15/25 (Call 07/01/24)(a) | 13,253 | 13,142,559 | ||||||
5.50%, 04/15/29 (Call 06/11/24)(a)(b) | 12,233 | 11,499,020 | ||||||
5.75%, 06/15/27 (Call 07/01/24)(a) | 9,039 | 8,743,877 | ||||||
809,505,358 | ||||||||
Electric — 2.8% | ||||||||
AES Corp. (The), 7.60%, 01/15/55 | ||||||||
(Call 10/15/29), (5-year CMT + 3.201%)(d) | 4,331 | 4,364,955 | ||||||
Calpine Corp. | ||||||||
3.75%, 03/01/31 (Call 03/01/26)(a)(b) | 15,233 | 13,358,170 | ||||||
4.50%, 02/15/28 (Call 07/01/24)(a) | 21,396 | 20,123,954 |
4
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Electric (continued) | ||||||||
4.63%, 02/01/29 (Call 07/01/24)(a)(b) | $ | 10,132 | $ | 9,410,095 | ||||
5.00%, 02/01/31 (Call 02/01/26)(a)(b) | 14,971 | 13,829,461 | ||||||
5.13%, 03/15/28 (Call 07/01/24)(a)(b) | 23,937 | 22,799,992 | ||||||
5.25%, 06/01/26 (Call 07/01/24)(a) | 4,374 | 4,319,325 | ||||||
Clearway Energy Operating LLC | ||||||||
3.75%, 02/15/31 (Call 02/15/26)(a)(b) | 15,217 | 13,257,811 | ||||||
4.75%, 03/15/28 (Call 06/11/24)(a) | 15,630 | 14,828,962 | ||||||
DPL Inc. | ||||||||
4.13%, 07/01/25 (Call 04/01/25)(b) | 6,626 | 6,464,591 | ||||||
4.35%, 04/15/29 (Call 01/15/29)(b) | 9,235 | 8,542,467 | ||||||
Edison International | ||||||||
7.88%, 06/15/54 (Call 03/15/29), | ||||||||
(5-year CMT + 3.658%)(d) | 7,639 | 7,829,339 | ||||||
8.13%, 06/15/53 (Call 03/15/28), | ||||||||
(5-year CMT + 3.864%)(b)(d) | 8,743 | 9,048,848 | ||||||
Electricite de France SA, 9.13%, | ||||||||
(Call 03/15/33), | ||||||||
(5-year CMT + 5.411%)(a)(d)(g) | 26,404 | 29,086,316 | ||||||
Emera Inc., Series 16-A, 6.75%, 06/15/76 | ||||||||
(Call 06/15/26), | ||||||||
(3-mo. LIBOR US + 5.440%)(b)(d) | 19,721 | 19,515,902 | ||||||
FirstEnergy Corp., Series B, 4.15%, 07/15/27 | ||||||||
(Call 04/15/27)(b) | 973 | 928,216 | ||||||
NextEra Energy Operating Partners LP | ||||||||
3.88%, 10/15/26 (Call 07/15/26)(a)(b) | 9,757 | 9,236,627 | ||||||
4.25%, 09/15/24 (Call 07/15/24)(a) | 88 | 86,684 | ||||||
4.50%, 09/15/27 (Call 06/15/27)(a)(b) | 9,645 | 9,041,384 | ||||||
7.25%, 01/15/29 (Call 10/15/28)(a)(b) | 13,085 | 13,387,507 | ||||||
NRG Energy Inc. | ||||||||
3.38%, 02/15/29 (Call 06/11/24)(a) | 12,400 | 10,987,293 | ||||||
3.63%, 02/15/31 (Call 02/15/26)(a)(b) | 17,605 | 15,112,160 | ||||||
3.88%, 02/15/32 (Call 02/15/27)(a) | 6,185 | 5,286,962 | ||||||
5.25%, 06/15/29 (Call 06/17/24)(a)(b) | 12,815 | 12,246,334 | ||||||
5.75%, 01/15/28 (Call 06/17/24)(b) | 10,914 | 10,690,263 | ||||||
PG&E Corp. | ||||||||
5.00%, 07/01/28 (Call 06/11/24)(b) | 16,652 | 15,979,426 | ||||||
5.25%, 07/01/30 (Call 07/01/25)(b) | 18,321 | 17,437,607 | ||||||
Pike Corp. | ||||||||
5.50%, 09/01/28 (Call 07/01/24)(a) | 12,344 | 11,757,660 | ||||||
8.63%, 01/31/31 (Call 01/31/27)(a) | 6,897 | 7,272,887 | ||||||
Talen Energy Supply LLC, 8.63%, 06/01/30 | ||||||||
(Call 06/01/26)(a) | 22,719 | 24,255,350 | ||||||
Vistra Operations Co. LLC | ||||||||
4.38%, 05/01/29 (Call 07/01/24)(a) | 20,721 | 19,181,430 | ||||||
5.00%, 07/31/27 (Call 06/11/24)(a)(b) | 20,509 | 19,829,639 | ||||||
5.50%, 09/01/26 (Call 06/11/24)(a) | 13,999 | 13,764,997 | ||||||
5.63%, 02/15/27 (Call 06/11/24)(a) | 20,866 | 20,545,150 | ||||||
6.88%, 04/15/32 (Call 04/15/27)(a) | 17,471 | 17,593,079 | ||||||
7.75%, 10/15/31 (Call 10/15/26)(a) | 24,868 | 25,831,386 | ||||||
477,232,229 | ||||||||
Electrical Components & Equipment — 0.6% | ||||||||
Energizer Holdings Inc. | ||||||||
4.38%, 03/31/29 (Call 07/01/24)(a)(b) | 14,208 | 12,632,120 | ||||||
4.75%, 06/15/28 (Call 07/01/24)(a)(b) | 10,613 | 9,807,774 | ||||||
WESCO Distribution Inc. | ||||||||
6.38%, 03/15/29 (Call 03/15/26)(a)(b) | 15,161 | 15,229,938 | ||||||
6.63%, 03/15/32 (Call 03/15/27)(a)(b) | 13,901 | 14,006,703 | ||||||
7.13%, 06/15/25 (Call 06/15/24)(a) | 25,048 | 25,053,009 | ||||||
7.25%, 06/15/28 (Call 07/01/24)(a)(b) | 16,924 | 17,272,352 | ||||||
94,001,896 |
Security | Par (000) | Value | ||||||
Electronics — 0.7% | ||||||||
EquipmentShare.com Inc. | ||||||||
8.63%, 05/15/32 (Call 05/15/27)(a) | $ | 11,012 | $ | 11,391,914 | ||||
9.00%, 05/15/28 (Call 05/15/25)(a)(b) | 21,809 | 22,528,017 | ||||||
Imola Merger Corp., 4.75%, 05/15/29 | ||||||||
(Call 07/01/24)(a)(b) | 34,928 | 32,472,562 | ||||||
Sensata Technologies BV | ||||||||
4.00%, 04/15/29 (Call 07/01/24)(a)(b) | 17,606 | 16,005,107 | ||||||
5.00%, 10/01/25(a) | 8,056 | 8,116,511 | ||||||
5.88%, 09/01/30 (Call 09/01/25)(a)(b) | 7,331 | 7,124,311 | ||||||
Sensata Technologies Inc. | ||||||||
3.75%, 02/15/31 (Call 02/15/26)(a)(b) | 12,684 | 10,953,522 | ||||||
4.38%, 02/15/30 (Call 11/15/29)(a) | 7,766 | 7,077,428 | ||||||
6.63%, 07/15/32 (Call 07/15/27)(a) | 1,985 | 1,991,828 | ||||||
117,661,200 | ||||||||
Energy - Alternate Sources — 0.2% | ||||||||
TerraForm Power Operating LLC | ||||||||
4.75%, 01/15/30 (Call 01/15/25)(a)(b) | 12,234 | 11,100,031 | ||||||
5.00%, 01/31/28 (Call 07/31/27)(a) | 16,501 | 15,753,628 | ||||||
26,853,659 | ||||||||
Engineering & Construction — 0.1% | ||||||||
Brand Industrial Services Inc., 10.38%, | ||||||||
08/01/30 (Call 08/01/26)(a)(b) | 23,845 | 25,598,323 | ||||||
Entertainment — 3.0% | ||||||||
AMC Entertainment Holdings Inc. | ||||||||
7.50%, 02/15/29 (Call 02/15/25)(a)(b) | 16,963 | 12,509,364 | ||||||
10.00%, 06/15/26 (Call 06/11/24), | ||||||||
(10.00% Cash and 12.00% PIK)(c) | 1,869 | 1,588,650 | ||||||
Caesars Entertainment Inc. | ||||||||
4.63%, 10/15/29 (Call 10/15/24)(a)(b) | 20,896 | 18,884,760 | ||||||
6.50%, 02/15/32 (Call 02/15/27)(a) | 27,053 | 26,748,654 | ||||||
7.00%, 02/15/30 (Call 02/15/26)(a)(b) | 34,921 | 35,376,611 | ||||||
8.13%, 07/01/27 (Call 06/11/24)(a)(b) | 30,471 | 31,030,143 | ||||||
Cedar Fair LP, 5.25%, 07/15/29 | ||||||||
(Call 07/15/24)(b) | 7,340 | 6,906,843 | ||||||
Cedar Fair LP/Canada’s Wonderland Co./Magnum Management Corp./Millennium Op, 5.38%, 04/15/27 (Call 07/01/24)(b) | 9,341 | 9,154,180 | ||||||
Churchill Downs Inc. | ||||||||
4.75%, 01/15/28 (Call 07/01/24)(a)(b) | 13,442 | 12,736,429 | ||||||
5.50%, 04/01/27 (Call 07/01/24)(a)(b) | 10,158 | 9,947,831 | ||||||
5.75%, 04/01/30 (Call 04/01/25)(a) | 21,103 | 20,250,439 | ||||||
6.75%, 05/01/31 (Call 05/01/26)(a)(b) | 10,625 | 10,571,875 | ||||||
Cinemark USA Inc. | ||||||||
5.25%, 07/15/28 (Call 07/15/24)(a)(b) | 14,071 | 13,145,819 | ||||||
5.88%, 03/15/26 (Call 07/01/24)(a)(b) | 9,785 | 9,629,174 | ||||||
International Game Technology PLC | ||||||||
4.13%, 04/15/26 (Call 07/01/24)(a)(b) | 9,472 | 9,144,328 | ||||||
5.25%, 01/15/29 (Call 07/01/24)(a)(b) | 13,498 | 12,939,453 | ||||||
6.25%, 01/15/27 (Call 07/15/26)(a) | 12,673 | 12,685,501 | ||||||
6.50%, 02/15/25 (Call 08/15/24)(a) | 36 | 36,085 | ||||||
Light & Wonder International Inc. | ||||||||
7.00%, 05/15/28 (Call 06/17/24)(a) | 13,196 | 13,271,877 | ||||||
7.25%, 11/15/29 (Call 11/15/24)(a)(b) | 9,749 | 9,879,149 | ||||||
7.50%, 09/01/31 (Call 09/01/26)(a)(b) | 10,016 | 10,278,920 | ||||||
Live Nation Entertainment Inc. | ||||||||
3.75%, 01/15/28 (Call 07/01/24)(a)(b) | 8,966 | 8,259,867 | ||||||
4.75%, 10/15/27 (Call 07/01/24)(a)(b) | 16,567 | 15,697,398 | ||||||
6.50%, 05/15/27 (Call 07/01/24)(a) | 15,566 | 15,675,449 | ||||||
Merlin Entertainments Group U.S. Holdings Inc., | ||||||||
7.38%, 02/15/31 (Call 02/15/27)(a)(b) | 8,778 | 8,890,073 |
5
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Entertainment (continued) | ||||||||
Merlin Entertainments Ltd., 5.75%, 06/15/26 | ||||||||
(Call 03/17/26)(a) | $ | 7,702 | $ | 7,570,334 | ||||
Mohegan Tribal Gaming Authority | ||||||||
7.88%, 10/15/24 (Call 06/17/24)(a)(b) | 1,643 | 1,635,196 | ||||||
8.00%, 02/01/26 (Call 07/01/24)(a) | 20,901 | 19,558,397 | ||||||
Motion Bondco DAC, 6.63%, 11/15/27 | ||||||||
(Call 07/01/24)(a)(b) | 8,027 | 7,827,328 | ||||||
Odeon Finco PLC, 12.75%, 11/01/27 | ||||||||
(Call 11/01/24)(a)(b) | 8,856 | 9,200,472 | ||||||
Premier Entertainment Sub LLC/Premier Entertainment Finance Corp. | ||||||||
5.63%, 09/01/29 (Call 09/01/24)(a) | 13,203 | 9,598,994 | ||||||
5.88%, 09/01/31 (Call 09/01/26)(a)(b) | 13,083 | 9,121,860 | ||||||
Resorts World Las Vegas LLC/RWLV Capital Inc. | ||||||||
4.63%, 04/16/29 (Call 01/16/29)(a)(b) | 17,814 | 15,969,335 | ||||||
8.45%, 07/27/30 (Call 05/27/30)(a)(b) | 7,726 | 8,188,015 | ||||||
Six Flags Entertainment Corp. | ||||||||
5.50%, 04/15/27 (Call 07/01/24)(a)(b) | 7,951 | 7,758,437 | ||||||
7.25%, 05/15/31 (Call 05/15/26)(a)(b) | 14,875 | 14,893,594 | ||||||
Six Flags Entertainment Corp./Six Flags Theme Parks Inc., 6.63%, 05/01/32 | ||||||||
(Call 05/01/27)(a) | 5,883 | 5,876,529 | ||||||
WMG Acquisition Corp. | ||||||||
3.00%, 02/15/31 (Call 02/15/26)(a)(b) | 12,439 | 10,538,570 | ||||||
3.75%, 12/01/29 (Call 12/01/24)(a)(b) | 9,352 | 8,297,562 | ||||||
3.88%, 07/15/30 (Call 07/15/25)(a)(b) | 9,199 | 8,129,616 | ||||||
Wynn Resorts Finance LLC/Wynn Resorts Capital Corp. | ||||||||
5.13%, 10/01/29 (Call 07/01/29)(a)(b) | 12,411 | 11,666,340 | ||||||
7.13%, 02/15/31 (Call 11/15/30)(a)(b) | 16,774 | 17,167,141 | ||||||
508,236,592 | ||||||||
Environmental Control — 0.9% | ||||||||
Clean Harbors Inc. | ||||||||
4.88%, 07/15/27 (Call 07/01/24)(a)(b) | 8,296 | 7,995,270 | ||||||
6.38%, 02/01/31 (Call 02/01/26)(a)(b) | 7,671 | 7,662,211 | ||||||
GFL Environmental Inc. | ||||||||
3.50%, 09/01/28 (Call 03/01/28)(a)(b) | 12,196 | 11,115,511 | ||||||
3.75%, 08/01/25 (Call 07/02/24)(a)(b) | 8,946 | 8,733,532 | ||||||
4.00%, 08/01/28 (Call 06/11/24)(a)(b) | 13,117 | 11,981,396 | ||||||
4.25%, 06/01/25 (Call 07/02/24)(a)(b) | 8,242 | 8,138,975 | ||||||
4.38%, 08/15/29 (Call 08/15/24)(a)(b) | 9,534 | 8,718,193 | ||||||
4.75%, 06/15/29 (Call 07/02/24)(a)(b) | 12,545 | 11,688,553 | ||||||
5.13%, 12/15/26 (Call 07/02/24)(a)(b) | 6,336 | 6,218,065 | ||||||
6.75%, 01/15/31 (Call 01/15/27)(a)(b) | 17,375 | 17,732,282 | ||||||
Madison IAQ LLC | ||||||||
4.13%, 06/30/28 (Call 07/01/24)(a)(b) | 12,295 | 11,383,326 | ||||||
5.88%, 06/30/29 (Call 07/01/24)(a) | 18,221 | 16,922,754 | ||||||
Reworld Holding Corp. | ||||||||
4.88%, 12/01/29 (Call 12/01/24)(a)(b) | 12,596 | 11,459,211 | ||||||
5.00%, 09/01/30 (Call 09/01/25)(b) | 5,828 | 5,256,127 | ||||||
145,005,406 | ||||||||
Food — 2.3% | ||||||||
Albertsons Companies Inc./Safeway Inc./New Albertsons LP/Albertsons LLC | ||||||||
3.25%, 03/15/26 (Call 07/01/24)(a)(b) | 9,455 | 9,001,522 | ||||||
3.50%, 03/15/29 (Call 07/01/24)(a)(b) | 23,399 | 20,920,812 | ||||||
4.63%, 01/15/27 (Call 07/01/24)(a) | 21,564 | 20,788,927 | ||||||
4.88%, 02/15/30 (Call 02/15/25)(a)(b) | 18,079 | 16,919,413 | ||||||
5.88%, 02/15/28 (Call 07/01/24)(a) | 11,397 | 11,212,511 |
Security | Par (000) | Value | ||||||
Food (continued) | ||||||||
6.50%, 02/15/28 (Call 02/15/25)(a)(b) | $ | 13,388 | $ | 13,468,864 | ||||
7.50%, 03/15/26 (Call 07/01/24)(a) | 9,229 | 9,344,651 | ||||||
B&G Foods Inc. | ||||||||
5.25%, 09/15/27 (Call 07/01/24)(b) | 9,821 | 9,023,731 | ||||||
8.00%, 09/15/28 (Call 09/15/25)(a)(b) | 9,711 | 9,874,873 | ||||||
Lamb Weston Holdings Inc. | ||||||||
4.13%, 01/31/30 (Call 01/31/25)(a)(b) | 18,506 | 16,655,400 | ||||||
4.38%, 01/31/32 (Call 01/31/27)(a) | 12,717 | 11,206,856 | ||||||
4.88%, 05/15/28 (Call 11/15/27)(a)(b) | 11,299 | 10,871,594 | ||||||
Performance Food Group Inc. | ||||||||
4.25%, 08/01/29 (Call 08/01/24)(a)(b) | 17,919 | 16,260,776 | ||||||
5.50%, 10/15/27 (Call 07/01/24)(a) | 19,964 | 19,489,855 | ||||||
Pilgrim’s Pride Corp. | ||||||||
3.50%, 03/01/32 (Call 09/01/26) | 15,640 | 13,143,434 | ||||||
4.25%, 04/15/31 (Call 04/15/26) | 18,064 | 16,267,044 | ||||||
6.25%, 07/01/33 (Call 04/01/33) | 17,689 | 17,944,072 | ||||||
6.88%, 05/15/34 (Call 02/15/34) | 9,152 | 9,672,673 | ||||||
Post Holdings Inc. | ||||||||
4.50%, 09/15/31 (Call 09/15/26)(a)(b) | 19,422 | 17,187,616 | ||||||
4.63%, 04/15/30 (Call 04/15/25)(a)(b) | 24,743 | 22,448,334 | ||||||
5.50%, 12/15/29 (Call 12/15/24)(a) | 20,908 | 19,947,277 | ||||||
5.63%, 01/15/28 (Call 06/17/24)(a)(b) | 16,974 | 16,557,288 | ||||||
6.25%, 02/15/32 (Call 02/15/27)(a)(b) | 16,897 | 16,791,394 | ||||||
U.S. Foods Inc. | ||||||||
4.63%, 06/01/30 (Call 06/01/25)(a)(b) | 9,569 | 8,802,284 | ||||||
4.75%, 02/15/29 (Call 07/01/24)(a) | 14,880 | 13,977,528 | ||||||
6.88%, 09/15/28 (Call 09/15/25)(a)(b) | 7,840 | 7,983,237 | ||||||
7.25%, 01/15/32 (Call 09/15/26)(a)(b) | 8,233 | 8,504,217 | ||||||
384,266,183 | ||||||||
Food Service — 0.2% | ||||||||
Aramark Services Inc. | ||||||||
5.00%, 04/01/25 (Call 07/01/24)(a)(b) | 1,456 | 1,440,202 | ||||||
5.00%, 02/01/28 (Call 07/01/24)(a)(b) | 21,631 | 20,619,751 | ||||||
TKC Holdings Inc. | ||||||||
6.88%, 05/15/28 (Call 07/01/24)(a)(b) | 8,374 | 8,150,693 | ||||||
10.50%, 05/15/29 (Call 07/01/24)(a) | 11,878 | 11,743,027 | ||||||
41,953,673 | ||||||||
Forest Products & Paper — 0.1% | ||||||||
Mercer International Inc., 5.13%, 02/01/29 | ||||||||
(Call 06/11/24)(b) | 15,263 | 13,347,493 | ||||||
Gas — 0.2% | ||||||||
AmeriGas Partners LP/AmeriGas Finance Corp. | ||||||||
5.50%, 05/20/25 (Call 02/20/25) | 8,795 | 8,657,578 | ||||||
5.75%, 05/20/27 (Call 02/20/27) | 9,210 | 8,761,197 | ||||||
5.88%, 08/20/26 (Call 05/20/26)(b) | 12,015 | 11,594,955 | ||||||
9.38%, 06/01/28 (Call 06/01/25)(a)(b) | 9,129 | 9,352,551 | ||||||
38,366,281 | ||||||||
Health Care - Products — 1.3% | ||||||||
Avantor Funding Inc. | ||||||||
3.88%, 11/01/29 (Call 11/01/24)(a)(b) | 15,609 | 13,989,566 | ||||||
4.63%, 07/15/28 (Call 07/01/24)(a)(b) | 27,234 | 25,577,901 | ||||||
Bausch & Lomb Corp., 8.38%, 10/01/28 | ||||||||
(Call 10/01/25)(a)(b) | 26,229 | 26,688,008 | ||||||
Hologic Inc. | ||||||||
3.25%, 02/15/29 (Call 07/01/24)(a)(b) | 16,823 | 15,017,051 | ||||||
4.63%, 02/01/28 (Call 07/01/24)(a) | 5,859 | 5,617,351 | ||||||
Medline Borrower LP | ||||||||
3.88%, 04/01/29 (Call 10/01/24)(a)(b) | 73,550 | 67,013,244 | ||||||
5.25%, 10/01/29 (Call 10/01/24)(a)(b) | 41,684 | 39,304,260 |
6
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Health Care - Products (continued) | ||||||||
Medline Borrower LP/Medline Co-Issuer Inc., | ||||||||
6.25%, 04/01/29 (Call 04/01/26)(a) | $ | 15,810 | $ | 15,839,136 | ||||
Teleflex Inc. | ||||||||
4.25%, 06/01/28 (Call 07/01/24)(a) | 10,137 | 9,423,254 | ||||||
4.63%, 11/15/27 (Call 06/17/24)(b) | 6,275 | 6,006,325 | ||||||
224,476,096 | ||||||||
Health Care - Services — 4.5% | ||||||||
Catalent Pharma Solutions Inc. | ||||||||
3.13%, 02/15/29 (Call 07/01/24)(a)(b) | 10,473 | 9,988,624 | ||||||
3.50%, 04/01/30 (Call 04/01/25)(a) | 11,704 | 11,118,800 | ||||||
5.00%, 07/15/27 (Call 07/01/24)(a) | 4,662 | 4,570,636 | ||||||
Charles River Laboratories International Inc. | ||||||||
3.75%, 03/15/29 (Call 07/01/24)(a)(b) | 8,870 | 8,031,970 | ||||||
4.00%, 03/15/31 (Call 03/15/26)(a)(b) | 10,420 | 9,172,290 | ||||||
4.25%, 05/01/28 (Call 06/17/24)(a) | 7,995 | 7,496,423 | ||||||
CHS/Community Health Systems Inc. | ||||||||
4.75%, 02/15/31 (Call 02/15/26)(a)(b) | 18,064 | 14,277,334 | ||||||
5.25%, 05/15/30 (Call 05/15/25)(a) | 26,679 | 22,134,043 | ||||||
5.63%, 03/15/27 (Call 06/17/24)(a) | 33,304 | 31,557,538 | ||||||
6.00%, 01/15/29 (Call 06/17/24)(a) | 15,464 | 13,843,991 | ||||||
6.13%, 04/01/30 (Call 04/01/25)(a) | 21,504 | 15,294,720 | ||||||
6.88%, 04/01/28 (Call 06/17/24)(a)(b) | 12,975 | 9,323,965 | ||||||
6.88%, 04/15/29 (Call 07/01/24)(a)(b) | 23,336 | 18,260,420 | ||||||
8.00%, 03/15/26 (Call 06/05/24)(a)(b) | 24,073 | 24,125,238 | ||||||
8.00%, 12/15/27 (Call 06/17/24)(a)(b) | 11,588 | 11,551,304 | ||||||
10.88%, 01/15/32 (Call 02/15/27)(a)(b) | 30,717 | 31,737,219 | ||||||
DaVita Inc. | ||||||||
3.75%, 02/15/31 (Call 02/15/26)(a) | 24,956 | 20,947,443 | ||||||
4.63%, 06/01/30 (Call 06/01/25)(a)(b) | 47,401 | 42,396,876 | ||||||
Encompass Health Corp. | ||||||||
4.50%, 02/01/28 (Call 07/01/24)(b) | 13,860 | 13,056,397 | ||||||
4.63%, 04/01/31 (Call 04/01/26)(b) | 7,656 | 6,939,448 | ||||||
4.75%, 02/01/30 (Call 02/01/25)(b) | 15,350 | 14,219,166 | ||||||
Heartland Dental LLC/Heartland Dental Finance Corp., 10.50%, 04/30/28 (Call 05/15/25)(a)(b) | 16,494 | 17,550,441 | ||||||
IQVIA Inc. | ||||||||
5.00%, 10/15/26 (Call 07/01/24)(a) | 13,887 | 13,573,362 | ||||||
5.00%, 05/15/27 (Call 07/01/24)(a) | 16,089 | 15,630,303 | ||||||
6.50%, 05/15/30 (Call 05/15/26)(a)(b) | 6,805 | 6,861,005 | ||||||
Legacy LifePoint Health LLC, 4.38%, 02/15/27 | ||||||||
(Call 07/01/24)(a)(b) | 10,601 | 10,013,917 | ||||||
Lifepoint Health Inc., 5.38%, 01/15/29 | ||||||||
(Call 07/01/24)(a)(b) | 8,628 | 7,269,090 | ||||||
LifePoint Health Inc. | ||||||||
9.88%, 08/15/30 (Call 08/15/26)(a) | 13,349 | 14,266,744 | ||||||
10.00%, 06/01/32 (Call 06/01/27)(a)(b) | 8,957 | 8,923,411 | ||||||
11.00%, 10/15/30 (Call 10/15/26)(a) | 19,232 | 21,155,200 | ||||||
ModivCare Escrow Issuer Inc., 5.00%, 10/01/29 | ||||||||
(Call 10/01/24)(a)(b) | 9,219 | 6,545,490 | ||||||
ModivCare Inc., 5.88%, 11/15/25 | ||||||||
(Call 07/01/24)(a)(b) | 6,570 | 6,533,142 | ||||||
Molina Healthcare Inc. | ||||||||
3.88%, 11/15/30 (Call 08/17/30)(a) | 13,453 | 11,732,832 | ||||||
3.88%, 05/15/32 (Call 02/15/32)(a)(b) | 13,982 | 11,822,655 | ||||||
4.38%, 06/15/28 (Call 07/01/24)(a)(b) | 16,169 | 15,042,483 | ||||||
Radiology Partners Inc. | ||||||||
7.78%, 01/31/29 (Call 07/01/24), | ||||||||
(4.28% Cash and 3.50% PIK)(a)(b)(c) | 11,308 | 10,417,999 | ||||||
9.78%, 02/15/30 (Call 07/01/24), | ||||||||
(9.87% PIK)(a)(c) | 3,234 | 2,521,452 |
Security | Par (000) | Value | ||||||
Health Care - Services (continued) | ||||||||
RegionalCare Hospital Partners | ||||||||
Holdings Inc./LifePoint Health Inc., 9.75%, | ||||||||
12/01/26 (Call 06/08/24)(a)(b) | $ | 21,243 | $ | 21,282,937 | ||||
Select Medical Corp., 6.25%, 08/15/26 | ||||||||
(Call 07/01/24)(a)(b) | 15,913 | 15,926,260 | ||||||
Star Parent Inc., 9.00%, 10/01/30 | ||||||||
(Call 10/01/26)(a) | 20,383 | 21,269,661 | ||||||
Tenet Healthcare Corp. | ||||||||
4.25%, 06/01/29 (Call 06/17/24) | 22,388 | 20,765,877 | ||||||
4.38%, 01/15/30 (Call 12/01/24)(b) | 25,180 | 23,165,600 | ||||||
4.63%, 06/15/28 (Call 06/17/24)(b) | 10,144 | 9,650,697 | ||||||
5.13%, 11/01/27 (Call 06/17/24)(b) | 21,316 | 20,777,984 | ||||||
6.13%, 10/01/28 (Call 07/01/24)(b) | 36,572 | 36,261,350 | ||||||
6.13%, 06/15/30 (Call 06/15/25)(b) | 29,754 | 29,546,430 | ||||||
6.25%, 02/01/27 (Call 06/17/24)(b) | 17,388 | 17,383,497 | ||||||
6.75%, 05/15/31 (Call 05/15/26)(a) | 24,072 | 24,344,047 | ||||||
760,277,711 | ||||||||
Holding Companies - Diversified — 0.8% | ||||||||
Compass Group Diversified Holdings LLC, | ||||||||
5.25%, 04/15/29 (Call 07/01/24)(a)(b) | 17,390 | 16,303,125 | ||||||
Icahn Enterprises LP/Icahn Enterprises Finance Corp. | ||||||||
4.38%, 02/01/29 (Call 08/01/28) | 13,266 | 11,052,701 | ||||||
5.25%, 05/15/27 (Call 11/15/26) | 25,006 | 22,964,010 | ||||||
6.25%, 05/15/26 (Call 07/01/24) | 22,084 | 21,459,464 | ||||||
6.38%, 12/15/25 (Call 06/13/24) | 12,299 | 12,310,454 | ||||||
9.00%, 06/15/30 (Call 12/15/29)(a) | 10,285 | 10,117,869 | ||||||
9.75%, 01/15/29 (Call 10/15/28)(a) | 12,601 | 12,927,870 | ||||||
Stena International SA | ||||||||
7.25%, 01/15/31 (Call 01/15/27)(a)(b) | 13,825 | 14,065,831 | ||||||
7.63%, 02/15/31 (Call 02/15/27)(a)(b) | 7,783 | 7,958,118 | ||||||
129,159,442 | ||||||||
Home Builders — 0.5% | ||||||||
Ashton Woods USA LLC/Ashton Woods Finance Co., 4.63%, 04/01/30 | ||||||||
(Call 04/01/25)(a) | 6,980 | 6,204,483 | ||||||
Brookfield Residential Properties Inc./Brookfield Residential U.S. LLC | ||||||||
4.88%, 02/15/30 (Call 02/15/25)(a) | 8,491 | 7,471,386 | ||||||
6.25%, 09/15/27 (Call 07/02/24)(a) | 10,025 | 9,791,919 | ||||||
Century Communities Inc. | ||||||||
3.88%, 08/15/29 (Call 02/15/29)(a) | 8,716 | 7,724,938 | ||||||
6.75%, 06/01/27 (Call 07/01/24)(b) | 8,871 | 8,909,678 | ||||||
Mattamy Group Corp. | ||||||||
4.63%, 03/01/30 (Call 03/01/25)(a)(b) | 10,302 | 9,424,499 | ||||||
5.25%, 12/15/27 (Call 07/01/24)(a) | 8,191 | 7,929,912 | ||||||
Taylor Morrison Communities Inc. | ||||||||
5.13%, 08/01/30 (Call 02/01/30)(a)(b) | 8,459 | 8,020,703 | ||||||
5.75%, 01/15/28 (Call 10/15/27)(a) | 7,616 | 7,467,488 | ||||||
5.88%, 06/15/27 (Call 03/15/27)(a) | 8,939 | 8,894,305 | ||||||
81,839,311 | ||||||||
Home Furnishings — 0.2% | ||||||||
Tempur Sealy International Inc. | ||||||||
3.88%, 10/15/31 (Call 10/15/26)(a)(b) | 13,599 | 11,404,393 | ||||||
4.00%, 04/15/29 (Call 07/01/24)(a)(b) | 16,085 | 14,469,798 | ||||||
25,874,191 | ||||||||
Household Products & Wares — 0.2% | ||||||||
Central Garden & Pet Co. | ||||||||
4.13%, 10/15/30 (Call 10/15/25)(b) | 7,785 | 6,898,514 | ||||||
4.13%, 04/30/31 (Call 04/30/26)(a) | 6,670 | 5,840,829 |
7
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Household Products & Wares (continued) | ||||||||
Kronos Acquisition Holdings Inc./KIK Custom Products Inc. | ||||||||
5.00%, 12/31/26 (Call 07/01/24)(a) | $ | 5,806 | $ | 5,629,885 | ||||
7.00%, 12/31/27 (Call 07/01/24)(a)(b) | 9,205 | 9,032,406 | ||||||
Spectrum Brands Inc., 3.88%, 03/15/31 | ||||||||
(Call 03/15/26)(a)(b) | 327 | 302,066 | ||||||
27,703,700 | ||||||||
Housewares — 0.5% | ||||||||
Newell Brands Inc. | ||||||||
4.88%, 06/01/25 (Call 05/01/25) | 8,530 | 8,412,030 | ||||||
5.70%, 04/01/26 (Call 01/01/26) | 35,016 | 34,682,255 | ||||||
6.38%, 09/15/27 (Call 06/15/27)(b) | 12,662 | 12,536,963 | ||||||
6.63%, 09/15/29 (Call 06/15/29)(b) | 9,380 | 9,210,965 | ||||||
Scotts Miracle-Gro Co. (The) | ||||||||
4.00%, 04/01/31 (Call 04/01/26)(b) | 8,231 | 7,037,505 | ||||||
4.38%, 02/01/32 (Call 08/01/26)(b) | 6,706 | 5,742,013 | ||||||
4.50%, 10/15/29 (Call 10/15/24)(b) | 7,064 | 6,339,940 | ||||||
83,961,671 | ||||||||
Insurance — 2.5% | ||||||||
Acrisure LLC/Acrisure Finance Inc. | ||||||||
4.25%, 02/15/29 (Call 07/01/24)(a)(b) | 13,093 | 11,914,630 | ||||||
6.00%, 08/01/29 (Call 08/01/24)(a)(b) | 8,565 | 7,798,056 | ||||||
8.25%, 02/01/29 (Call 02/01/26)(a) | 16,387 | 16,468,935 | ||||||
10.13%, 08/01/26 (Call 07/01/24)(a) | 5,900 | 6,077,472 | ||||||
Alliant Holdings Intermediate LLC/Alliant Holdings Co-Issuer | ||||||||
4.25%, 10/15/27 (Call 07/01/24)(a)(b) | 12,819 | 11,985,765 | ||||||
5.88%, 11/01/29 (Call 11/01/24)(a)(b) | 9,268 | 8,626,191 | ||||||
6.75%, 10/15/27 (Call 07/01/24)(a) | 20,402 | 19,962,949 | ||||||
6.75%, 04/15/28 (Call 04/15/25)(a) | 22,401 | 22,439,082 | ||||||
7.00%, 01/15/31 (Call 01/15/27)(a) | 25,134 | 25,196,835 | ||||||
AmWINS Group Inc. | ||||||||
4.88%, 06/30/29 (Call 07/01/24)(a) | 13,920 | 12,787,633 | ||||||
6.38%, 02/15/29 (Call 02/15/26)(a) | 13,246 | 13,155,808 | ||||||
Ardonagh Finco Ltd., 7.75%, 02/15/31 | ||||||||
(Call 02/15/27)(a)(b) | 13,155 | 13,051,207 | ||||||
Ardonagh Group Finance Ltd., 8.88%, 02/15/32 | ||||||||
(Call 02/15/27)(a) | 17,547 | 17,283,093 | ||||||
AssuredPartners Inc. | ||||||||
5.63%, 01/15/29 (Call 07/01/24)(a) | 9,910 | 9,198,462 | ||||||
7.50%, 02/15/32 (Call 02/15/27)(a)(b) | 8,709 | 8,676,370 | ||||||
Global Atlantic Fin Co., 4.70%, 10/15/51 | ||||||||
(Call 07/15/26), (5-year CMT + 3.796%)(a)(d) | 12,729 | 11,515,684 | ||||||
GTCR AP Finance Inc., 8.00%, 05/15/27 | ||||||||
(Call 07/01/24)(a)(b) | 6,389 | 6,395,070 | ||||||
Howden U.K. Refinance PLC/Howden U.K. Refinance 2 PLC/Howden U.S. Refinance LLC | ||||||||
7.25%, 02/15/31 (Call 02/15/27)(a) | 17,415 | 17,312,281 | ||||||
8.13%, 02/15/32 (Call 02/15/27)(a) | 9,204 | 9,123,504 | ||||||
Hub International Ltd., 5.63%, 12/01/29 | ||||||||
(Call 12/01/24)(a)(b) | 9,880 | 9,138,506 | ||||||
HUB International Ltd. | ||||||||
7.25%, 06/15/30 (Call 06/15/26)(a) | 54,953 | 55,832,798 | ||||||
7.38%, 01/31/32 (Call 01/31/27)(a)(b) | 31,350 | 31,468,691 | ||||||
Jones Deslauriers Insurance Management Inc., | ||||||||
8.50%, 03/15/30 (Call 03/15/26)(a) | 14,470 | 15,193,500 | ||||||
Liberty Mutual Group Inc. | ||||||||
4.13%, 12/15/51 (Call 09/15/26), | ||||||||
(5-year CMT + 3.315%)(a)(b)(d) | 8,762 | 8,105,901 |
Security | Par (000) | Value | ||||||
Insurance (continued) | ||||||||
4.30%, 02/01/61 (Call 02/01/26)(a)(b) | $ | 12,506 | $ | 7,453,576 | ||||
Panther Escrow Issuer LLC, 7.13%, 06/01/31 | ||||||||
(Call 06/01/27)(a)(b) | 51,834 | 52,271,349 | ||||||
USI Inc./New York, 7.50%, 01/15/32 | ||||||||
(Call 01/15/27)(a)(b) | 630 | 633,436 | ||||||
429,066,784 | ||||||||
Internet — 1.7% | ||||||||
Arches Buyer Inc. | ||||||||
4.25%, 06/01/28 (Call 07/01/24)(a)(b) | 16,462 | 14,320,788 | ||||||
6.13%, 12/01/28 (Call 07/01/24)(a)(b) | 8,609 | 6,930,514 | ||||||
Gen Digital Inc. | ||||||||
5.00%, 04/15/25 (Call 06/11/24)(a) | 2,208 | 2,188,848 | ||||||
6.75%, 09/30/27 (Call 09/30/24)(a) | 20,682 | 20,854,684 | ||||||
7.13%, 09/30/30 (Call 09/30/25)(a)(b) | 12,195 | 12,409,428 | ||||||
Go Daddy Operating Co. LLC/GD Finance Co. Inc. | ||||||||
3.50%, 03/01/29 (Call 07/01/24)(a)(b) | 13,250 | 11,839,736 | ||||||
5.25%, 12/01/27 (Call 07/01/24)(a) | 9,592 | 9,320,355 | ||||||
Match Group Holdings II LLC | ||||||||
3.63%, 10/01/31 (Call 10/01/26)(a)(b) | 8,169 | 6,793,477 | ||||||
4.13%, 08/01/30 (Call 05/01/25)(a)(b) | 8,573 | 7,468,690 | ||||||
4.63%, 06/01/28 (Call 07/01/24)(a) | 8,618 | 8,003,968 | ||||||
5.00%, 12/15/27 (Call 07/01/24)(a) | 8,125 | 7,698,438 | ||||||
Newfold Digital Holdings Group Inc. | ||||||||
6.00%, 02/15/29 (Call 07/01/24)(a)(b) | 12,130 | 8,757,860 | ||||||
11.75%, 10/15/28 (Call 10/15/25)(a) | 9,333 | 9,519,660 | ||||||
Rakuten Group Inc. | ||||||||
5.13%, (Call 04/22/26), | ||||||||
(5-year CMT + 4.578%)(a)(b)(d)(g) | 12,928 | 11,081,097 | ||||||
6.25%, (Call 04/22/31), | ||||||||
(5-year CMT + 4.956%)(a)(d)(g) | 17,081 | 12,793,669 | ||||||
9.75%, 04/15/29(a) | 29,683 | 29,905,622 | ||||||
11.25%, 02/15/27(a)(b) | 32,726 | 34,566,837 | ||||||
Uber Technologies Inc. | ||||||||
4.50%, 08/15/29 (Call 08/15/24)(a)(b) | 21,090 | 19,919,716 | ||||||
6.25%, 01/15/28 (Call 06/11/24)(a)(b) | 11,389 | 11,403,236 | ||||||
7.50%, 09/15/27 (Call 06/21/24)(a) | 13,112 | 13,348,016 | ||||||
8.00%, 11/01/26 (Call 07/01/24)(a) | 24,708 | 25,031,922 | ||||||
284,156,561 | ||||||||
Iron & Steel — 0.6% | ||||||||
ATI Inc., 7.25%, 08/15/30 (Call 08/15/26)(b) | 9,106 | 9,339,546 | ||||||
Cleveland-Cliffs Inc. | ||||||||
5.88%, 06/01/27 (Call 07/01/24)(b) | 5,904 | 5,839,971 | ||||||
6.75%, 04/15/30 (Call 04/15/26)(a)(b) | 15,137 | 14,981,593 | ||||||
7.00%, 03/15/32 (Call 03/15/27)(a)(b) | 14,483 | 14,265,755 | ||||||
Mineral Resources Ltd. | ||||||||
8.00%, 11/01/27 (Call 11/01/24)(a) | 10,380 | 10,558,328 | ||||||
8.13%, 05/01/27 (Call 07/05/24)(a) | 12,543 | 12,665,294 | ||||||
8.50%, 05/01/30 (Call 05/01/25)(a)(b) | 11,020 | 11,419,255 | ||||||
9.25%, 10/01/28 (Call 10/01/25)(a) | 19,744 | 20,755,880 | ||||||
99,825,622 | ||||||||
Leisure Time — 1.1% | ||||||||
Carnival Holdings Bermuda Ltd., 10.38%, | ||||||||
05/01/28 (Call 05/01/25)(a) | 31,619 | 34,245,464 | ||||||
Life Time Inc. | ||||||||
5.75%, 01/15/26 (Call 07/01/24)(a)(b) | 13,241 | 13,171,783 | ||||||
8.00%, 04/15/26 (Call 07/01/24)(a)(b) | 7,989 | 8,046,521 | ||||||
NCL Corp. Ltd. | ||||||||
5.88%, 03/15/26 (Call 12/15/25)(a)(b) | 26,973 | 26,534,689 | ||||||
5.88%, 02/15/27 (Call 06/11/24)(a) | 17,546 | 17,295,804 |
8
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Leisure Time (continued) | ||||||||
7.75%, 02/15/29 (Call 11/15/28)(a)(b) | $ | 10,703 | $ | 10,989,412 | ||||
8.13%, 01/15/29 (Call 01/15/26)(a) | 13,621 | 14,216,919 | ||||||
8.38%, 02/01/28 (Call 02/01/25)(a) | 9,499 | 9,932,392 | ||||||
NCL Finance Ltd., 6.13%, 03/15/28 | ||||||||
(Call 12/15/27)(a)(b) | 8,964 | 8,784,515 | ||||||
Viking Cruises Ltd. | ||||||||
5.88%, 09/15/27 (Call 07/01/24)(a) | 13,534 | 13,178,732 | ||||||
7.00%, 02/15/29 (Call 07/01/24)(a)(b) | 13,727 | 13,709,841 | ||||||
9.13%, 07/15/31 (Call 07/15/26)(a) | 12,058 | 12,977,422 | ||||||
VOC Escrow Ltd., 5.00%, 02/15/28 | ||||||||
(Call 07/01/24)(a) | 12,137 | 11,665,615 | ||||||
194,749,109 | ||||||||
Lodging — 2.9% | ||||||||
Boyd Gaming Corp. | ||||||||
4.75%, 12/01/27 (Call 06/11/24)(b) | 16,695 | 15,891,553 | ||||||
4.75%, 06/15/31 (Call 06/15/26)(a)(b) | 16,730 | 15,013,469 | ||||||
Hilton Domestic Operating Co. Inc. | ||||||||
3.63%, 02/15/32 (Call 08/15/26)(a)(b) | 26,249 | 22,307,440 | ||||||
3.75%, 05/01/29 (Call 07/01/24)(a)(b) | 14,172 | 12,833,885 | ||||||
4.00%, 05/01/31 (Call 05/01/26)(a)(b) | 19,059 | 16,802,891 | ||||||
4.88%, 01/15/30 (Call 01/15/25)(b) | 16,380 | 15,486,512 | ||||||
5.38%, 05/01/25 (Call 06/11/24)(a)(b) | 4,759 | 4,738,965 | ||||||
5.75%, 05/01/28 (Call 07/01/24)(a)(b) | 4,867 | 4,829,581 | ||||||
5.88%, 04/01/29 (Call 04/01/26)(a) | 8,761 | 8,682,151 | ||||||
6.13%, 04/01/32 (Call 04/01/27)(a) | 6,597 | 6,520,897 | ||||||
Hilton Grand Vacations Borrower Escrow LLC/Hilton Grand Vacations Borrower Esc | ||||||||
4.88%, 07/01/31 (Call 07/01/26)(a)(b) | 9,783 | 8,584,582 | ||||||
5.00%, 06/01/29 (Call 07/01/24)(a)(b) | 16,666 | 15,390,884 | ||||||
6.63%, 01/15/32 (Call 01/15/27)(a) | 16,026 | 15,967,893 | ||||||
Hilton Worldwide Finance LLC/Hilton Worldwide Finance Corp., 4.88%, 04/01/27 | ||||||||
(Call 06/17/24)(b) | 7,414 | 7,228,650 | ||||||
Melco Resorts Finance Ltd. | ||||||||
4.88%, 06/06/25 (Call 07/02/24)(a) | 14,029 | 13,765,956 | ||||||
5.25%, 04/26/26 (Call 07/02/24)(a)(b) | 9,129 | 8,814,816 | ||||||
5.38%, 12/04/29 (Call 12/04/24)(a) | 20,471 | 18,379,760 | ||||||
5.63%, 07/17/27 (Call 07/02/24)(a)(b) | 10,221 | 9,709,254 | ||||||
5.75%, 07/21/28 (Call 07/02/24)(a) | 14,844 | 13,860,585 | ||||||
7.63%, 04/17/32 (Call 04/17/27)(a)(b) | 13,857 | 13,736,694 | ||||||
MGM China Holdings Ltd. | ||||||||
4.75%, 02/01/27 (Call 06/11/24)(a)(b) | 12,924 | 12,311,532 | ||||||
5.25%, 06/18/25 (Call 06/11/24)(a)(b) | 7,132 | 7,051,765 | ||||||
5.88%, 05/15/26 (Call 06/11/24)(a)(b) | 11,377 | 11,257,048 | ||||||
MGM Resorts International | ||||||||
4.63%, 09/01/26 (Call 06/01/26)(b) | 7,107 | 6,883,574 | ||||||
4.75%, 10/15/28 (Call 07/15/28)(b) | 15,263 | 14,270,905 | ||||||
5.50%, 04/15/27 (Call 01/15/27)(b) | 12,355 | 12,142,421 | ||||||
5.75%, 06/15/25 (Call 03/15/25) | 10,338 | 10,316,032 | ||||||
6.50%, 04/15/32 (Call 04/15/27)(b) | 14,897 | 14,561,817 | ||||||
Station Casinos LLC | ||||||||
4.50%, 02/15/28 (Call 07/01/24)(a)(b) | 14,106 | 13,189,110 | ||||||
4.63%, 12/01/31 (Call 06/01/31)(a)(b) | 9,435 | 8,296,963 | ||||||
6.63%, 03/15/32 (Call 03/15/27)(a)(b) | 9,763 | 9,617,775 | ||||||
Studio City Finance Ltd. | ||||||||
5.00%, 01/15/29 (Call 07/01/24)(a)(b) | 19,040 | 16,582,126 | ||||||
6.00%, 07/15/25 (Call 07/02/24)(a) | 391 | 387,471 | ||||||
6.50%, 01/15/28 (Call 07/01/24)(a)(b) | 8,991 | 8,518,973 | ||||||
Travel & Leisure Co. | ||||||||
4.50%, 12/01/29 (Call 09/01/29)(a)(b) | 11,925 | 10,851,750 |
Security | Par (000) | Value | ||||||
Lodging (continued) | ||||||||
6.00%, 04/01/27 (Call 01/01/27)(b) | $ | 8,647 | $ | 8,609,861 | ||||
6.63%, 07/31/26 (Call 04/30/26)(a) | 13,217 | 13,228,367 | ||||||
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp., 5.25%, 05/15/27 (Call 02/15/27)(a)(b) | 9,636 | 9,376,406 | ||||||
Wynn Macau Ltd. | ||||||||
5.13%, 12/15/29 (Call 12/15/24)(a) | 16,015 | 14,356,914 | ||||||
5.50%, 01/15/26 (Call 07/02/24)(a)(b) | 17,783 | 17,405,111 | ||||||
5.50%, 10/01/27 (Call 07/02/24)(a)(b) | 12,043 | 11,402,471 | ||||||
5.63%, 08/26/28 (Call 06/11/24)(a) | 22,949 | 21,471,849 | ||||||
500,636,659 | ||||||||
Machinery — 0.5% | ||||||||
Chart Industries Inc. | ||||||||
7.50%, 01/01/30 (Call 01/01/26)(a)(b) | 26,277 | 27,101,112 | ||||||
9.50%, 01/01/31 (Call 01/01/26)(a)(b) | 12,117 | 13,082,483 | ||||||
Husky Injection Molding Systems Ltd./Titan Co-Borrower LLC, 9.00%, 02/15/29 | ||||||||
(Call 02/15/26)(a) | 17,833 | 18,285,646 | ||||||
TK Elevator Holdco GmbH, 7.63%, 07/15/28 | ||||||||
(Call 07/01/24)(a) | 7,096 | 7,002,569 | ||||||
TK Elevator U.S. Newco Inc., 5.25%, 07/15/27 | ||||||||
(Call 07/01/24)(a) | 26,771 | 25,779,938 | ||||||
91,251,748 | ||||||||
Manufacturing — 0.2% | ||||||||
FXI Holdings Inc. | ||||||||
12.25%, 11/15/26 (Call 06/17/24)(a)(b) | 10,300 | 10,264,348 | ||||||
12.25%, 11/15/26 (Call 07/01/24)(a)(b) | 13,689 | 13,683,388 | ||||||
Hillenbrand Inc. | ||||||||
5.75%, 06/15/25 (Call 06/11/24) | 6,519 | 6,489,827 | ||||||
6.25%, 02/15/29 (Call 02/15/26)(b) | 9,037 | 9,007,145 | ||||||
39,444,708 | ||||||||
Media — 9.5% | ||||||||
Altice Financing SA | ||||||||
5.00%, 01/15/28 (Call 07/01/24)(a)(b) | 21,019 | 16,651,252 | ||||||
5.75%, 08/15/29 (Call 08/15/24)(a)(b) | 35,416 | 26,296,380 | ||||||
AMC Networks Inc. | ||||||||
4.25%, 02/15/29 (Call 06/11/24)(b) | 17,606 | 12,423,674 | ||||||
10.25%, 01/15/29 (Call 01/15/26)(a)(b) | 15,761 | 15,785,627 | ||||||
CCO Holdings LLC/CCO Holdings Capital Corp. | ||||||||
4.25%, 02/01/31 (Call 07/01/25)(a)(b) | 51,897 | 41,841,956 | ||||||
4.25%, 01/15/34 (Call 01/15/28)(a)(b) | 34,500 | 25,748,658 | ||||||
4.50%, 08/15/30 (Call 02/15/25)(a) | 47,626 | 39,589,112 | ||||||
4.50%, 05/01/32 (Call 05/01/26)(b) | 50,124 | 39,797,373 | ||||||
4.50%, 06/01/33 (Call 06/01/27)(a)(b) | 30,604 | 23,617,107 | ||||||
4.75%, 03/01/30 (Call 09/01/24)(a) | 51,363 | 43,757,681 | ||||||
4.75%, 02/01/32 (Call 02/01/27)(a)(b) | 21,040 | 16,941,408 | ||||||
5.00%, 02/01/28 (Call 06/17/24)(a)(b) | 41,975 | 38,759,715 | ||||||
5.13%, 05/01/27 (Call 07/01/24)(a) | 51,936 | 49,631,340 | ||||||
5.38%, 06/01/29 (Call 07/01/24)(a) | 25,618 | 22,953,728 | ||||||
5.50%, 05/01/26 (Call 07/01/24)(a) | 10,193 | 10,063,609 | ||||||
6.38%, 09/01/29 (Call 09/01/25)(a)(b) | 23,964 | 22,408,887 | ||||||
7.38%, 03/01/31 (Call 03/01/26)(a)(b) | 17,371 | 16,806,790 | ||||||
CSC Holdings LLC | ||||||||
3.38%, 02/15/31 (Call 02/15/26)(a) | 17,620 | 10,329,725 | ||||||
4.13%, 12/01/30 (Call 12/01/25)(a) | 19,265 | 11,847,975 | ||||||
4.50%, 11/15/31 (Call 11/15/26)(a) | 25,986 | 15,883,942 | ||||||
4.63%, 12/01/30 (Call 12/01/25)(a)(b) | 40,054 | 16,822,680 | ||||||
5.00%, 11/15/31 (Call 11/15/26)(a)(b) | 8,252 | 3,455,525 | ||||||
5.38%, 02/01/28 (Call 07/01/24)(a)(b) | 17,743 | 12,464,457 | ||||||
5.50%, 04/15/27 (Call 07/01/24)(a) | 23,655 | 18,096,075 | ||||||
5.75%, 01/15/30 (Call 01/15/25)(a)(b) | 37,807 | 16,351,527 |
9
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Media (continued) | ||||||||
6.50%, 02/01/29 (Call 06/11/24)(a) | $ | 30,523 | $ | 20,717,486 | ||||
7.50%, 04/01/28 (Call 06/11/24)(a)(b) | 18,198 | 10,145,385 | ||||||
11.25%, 05/15/28 (Call 05/15/25)(a) | 17,193 | 13,872,688 | ||||||
11.75%, 01/31/29 (Call 01/31/26)(a)(b) | 35,209 | 27,551,042 | ||||||
Directv Financing LLC, 8.88%, 02/01/30 | ||||||||
(Call 02/01/26)(a)(b) | 13,704 | 13,180,781 | ||||||
Directv Financing LLC/Directv Financing | ||||||||
Co-Obligor Inc., 5.88%, 08/15/27 | ||||||||
(Call 07/01/24)(a) | 63,748 | 59,843,435 | ||||||
DISH DBS Corp. | ||||||||
5.25%, 12/01/26 (Call 06/01/26)(a) | 44,471 | 35,243,267 | ||||||
5.75%, 12/01/28 (Call 12/01/27)(a) | 40,117 | 28,041,783 | ||||||
7.38%, 07/01/28 (Call 06/11/24) | 15,905 | 7,088,954 | ||||||
7.75%, 07/01/26 | 32,694 | 20,760,690 | ||||||
5.13%, 06/01/29 | 23,786 | 9,463,498 | ||||||
DISH Network Corp., 11.75%, 11/15/27 | ||||||||
(Call 05/15/25)(a) | 67,753 | 68,069,407 | ||||||
Gray Television Inc. | ||||||||
4.75%, 10/15/30 (Call 10/15/25)(a)(b) | 13,803 | 7,837,343 | ||||||
5.38%, 11/15/31 (Call 11/15/26)(a)(b) | 21,861 | 12,187,508 | ||||||
5.88%, 07/15/26 (Call 07/01/24)(a)(b) | 14,944 | 14,930,003 | ||||||
7.00%, 05/15/27 (Call 06/11/24)(a)(b) | 13,152 | 11,606,640 | ||||||
10.50%, 07/15/29 (Call 07/15/26)(a) | 11,880 | 11,802,305 | ||||||
iHeartCommunications Inc. | ||||||||
4.75%, 01/15/28 (Call 07/01/24)(a)(b) | 8,308 | 4,407,311 | ||||||
5.25%, 08/15/27 (Call 06/17/24)(a)(b) | 13,310 | 7,353,775 | ||||||
6.38%, 05/01/26 (Call 06/17/24)(b) | 14,023 | 10,688,556 | ||||||
8.38%, 05/01/27 (Call 06/17/24)(b) | 14,442 | 5,199,123 | ||||||
LCPR Senior Secured Financing DAC | ||||||||
5.13%, 07/15/29 (Call 07/15/24)(a) | 14,469 | 12,179,093 | ||||||
6.75%, 10/15/27 (Call 07/01/24)(a)(b) | 20,848 | 19,727,420 | ||||||
McGraw-Hill Education Inc. | ||||||||
5.75%, 08/01/28 (Call 08/01/24)(a) | 15,917 | 14,842,602 | ||||||
8.00%, 08/01/29 (Call 08/01/24)(a) | 12,667 | 11,811,978 | ||||||
News Corp. | ||||||||
3.88%, 05/15/29 (Call 06/11/24)(a)(b) | 17,255 | 15,655,461 | ||||||
5.13%, 02/15/32 (Call 02/15/27)(a)(b) | 8,807 | 8,201,519 | ||||||
Nexstar Media Inc. | ||||||||
4.75%, 11/01/28 (Call 06/11/24)(a)(b) | 17,937 | 15,806,981 | ||||||
5.63%, 07/15/27 (Call 06/11/24)(a) | 29,635 | 27,968,031 | ||||||
Paramount Global | ||||||||
6.25%, 02/28/57 (Call 02/28/27), | ||||||||
(3-mo. LIBOR US + 3.899%)(d) | 11,128 | 9,714,397 | ||||||
6.38%, 03/30/62 (Call 03/30/27), | ||||||||
(5-year CMT + 3.999%)(b)(d) | 17,473 | 15,901,828 | ||||||
Radiate Holdco LLC/Radiate Finance Inc. | ||||||||
4.50%, 09/15/26 (Call 07/01/24)(a) | 15,195 | 11,297,483 | ||||||
6.50%, 09/15/28 (Call 07/01/24)(a) | 16,003 | 7,341,376 | ||||||
Scripps Escrow II Inc., 3.88%, 01/15/29 | ||||||||
(Call 07/01/24)(a)(b) | 9,633 | 6,165,120 | ||||||
Scripps Escrow Inc., 5.88%, 07/15/27 | ||||||||
(Call 07/01/24)(a)(b) | 8,258 | 5,351,184 | ||||||
Sinclair Television Group Inc. | ||||||||
4.13%, 12/01/30 (Call 12/01/25)(a)(b) | 12,027 | 8,155,148 | ||||||
5.50%, 03/01/30 (Call 12/01/24)(a)(b) | 8,203 | 5,372,965 | ||||||
Sirius XM Radio Inc. | ||||||||
3.13%, 09/01/26 (Call 07/01/24)(a)(b) | 17,794 | 16,637,390 | ||||||
3.88%, 09/01/31 (Call 09/01/26)(a)(b) | 25,923 | 20,731,919 | ||||||
4.00%, 07/15/28 (Call 07/15/24)(a)(b) | 34,206 | 30,557,041 | ||||||
4.13%, 07/01/30 (Call 07/01/25)(a)(b) | 26,189 | 21,952,144 | ||||||
5.00%, 08/01/27 (Call 07/01/24)(a)(b) | 26,006 | 24,677,353 |
Security | Par (000) | Value | ||||||
Media (continued) | ||||||||
5.50%, 07/01/29 (Call 07/01/24)(a) | $ | 21,872 | $ | 20,335,348 | ||||
Sunrise FinCo I BV, 4.88%, 07/15/31 | ||||||||
(Call 07/15/26)(a) | 21,839 | 19,474,928 | ||||||
Sunrise HoldCo IV BV, 5.50%, 01/15/28 | ||||||||
(Call 06/11/24)(a)(b) | 10,785 | 10,299,330 | ||||||
TEGNA Inc. | ||||||||
4.63%, 03/15/28 (Call 07/01/24)(b) | 18,055 | 16,361,622 | ||||||
4.75%, 03/15/26 (Call 07/01/24)(a)(b) | 9,261 | 8,987,935 | ||||||
5.00%, 09/15/29 (Call 09/15/24)(b) | 20,512 | 18,014,896 | ||||||
Telenet Finance Luxembourg Notes SARL, | ||||||||
5.50%, 03/01/28 (Call 06/11/24)(a) | 17,000 | 16,018,250 | ||||||
Univision Communications Inc. | ||||||||
4.50%, 05/01/29 (Call 07/01/24)(a) | 18,429 | 15,756,795 | ||||||
6.63%, 06/01/27 (Call 06/11/24)(a)(b) | 25,640 | 24,742,600 | ||||||
7.38%, 06/30/30 (Call 06/30/25)(a)(b) | 18,026 | 17,084,502 | ||||||
8.00%, 08/15/28 (Call 08/15/25)(a) | 25,169 | 24,798,621 | ||||||
8.50%, 07/31/31 (Call 07/31/27)(a) | 5,060 | 4,971,450 | ||||||
Videotron Ltd. | ||||||||
3.63%, 06/15/29 (Call 07/02/24)(a)(b) | 9,955 | 8,999,320 | ||||||
5.13%, 04/15/27 (Call 07/02/24)(a) | 8,392 | 8,198,480 | ||||||
Virgin Media Finance PLC, 5.00%, 07/15/30 | ||||||||
(Call 07/15/25)(a)(b) | 16,106 | 13,345,593 | ||||||
Virgin Media Secured Finance PLC | ||||||||
4.50%, 08/15/30 (Call 08/15/25)(a)(b) | 15,831 | 13,271,127 | ||||||
5.50%, 05/15/29 (Call 06/11/24)(a) | 24,592 | 22,243,464 | ||||||
Virgin Media Vendor Financing Notes IV DAC, | ||||||||
5.00%, 07/15/28 (Call 07/01/24)(a)(b) | 8,979 | 8,089,518 | ||||||
VZ Secured Financing BV, 5.00%, 01/15/32 | ||||||||
(Call 01/15/27)(a) | 27,449 | 23,315,345 | ||||||
Ziggo Bond Co. BV | ||||||||
5.13%, 02/28/30 (Call 02/15/25)(a)(b) | 8,736 | 7,461,330 | ||||||
6.00%, 01/15/27 (Call 07/01/24)(a)(b) | 9,979 | 9,791,894 | ||||||
Ziggo BV, 4.88%, 01/15/30 (Call 10/15/24)(a)(b) | 17,313 | 15,452,026 | ||||||
1,605,379,990 | ||||||||
Mining — 1.2% | ||||||||
Alcoa Nederland Holding BV | ||||||||
4.13%, 03/31/29 (Call 06/17/24)(a)(b) | 8,831 | 8,132,026 | ||||||
5.50%, 12/15/27 (Call 07/01/24)(a)(b) | 5,769 | 5,701,070 | ||||||
6.13%, 05/15/28 (Call 07/01/24)(a)(b) | 6,514 | 6,489,573 | ||||||
7.13%, 03/15/31 (Call 03/15/27)(a)(b) | 13,479 | 13,802,226 | ||||||
Arsenal AIC Parent LLC | ||||||||
8.00%, 10/01/30 (Call 10/01/26)(a) | 13,566 | 14,108,640 | ||||||
11.50%, 10/01/31 (Call 10/01/26)(a) | 10,002 | 11,170,484 | ||||||
Constellium SE, 3.75%, 04/15/29 | ||||||||
(Call 06/11/24)(a)(b) | 11,256 | 10,106,087 | ||||||
FMG Resources August 2006 Pty. Ltd. | ||||||||
4.38%, 04/01/31 (Call 01/01/31)(a)(b) | 25,766 | 22,867,325 | ||||||
4.50%, 09/15/27 (Call 06/15/27)(a) | 10,598 | 10,066,510 | ||||||
FMG Resources August Pty. Ltd. | ||||||||
5.88%, 04/15/30 (Call 01/15/30)(a)(b) | 11,668 | 11,337,407 | ||||||
6.13%, 04/15/32 (Call 01/15/32)(a)(b) | 14,138 | 13,844,419 | ||||||
Kaiser Aluminum Corp. | ||||||||
4.50%, 06/01/31 (Call 06/01/26)(a)(b) | 10,151 | 8,983,635 | ||||||
4.63%, 03/01/28 (Call 07/01/24)(a)(b) | 9,559 | 8,889,870 | ||||||
Novelis Corp. | ||||||||
3.25%, 11/15/26 (Call 07/01/24)(a) | 13,002 | 12,143,868 | ||||||
3.88%, 08/15/31 (Call 08/15/26)(a)(b) | 13,667 | 11,702,369 | ||||||
4.75%, 01/30/30 (Call 01/30/25)(a) | 30,053 | 27,761,459 | ||||||
197,106,968 |
10
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Office & Business Equipment — 0.1% | ||||||||
Xerox Holdings Corp. | ||||||||
5.00%, 08/15/25 (Call 07/15/25)(a)(b) | $ | 356 | $ | 348,499 | ||||
5.50%, 08/15/28 (Call 07/15/28)(a) | 13,162 | 11,566,108 | ||||||
8.88%, 11/30/29 (Call 11/30/26)(a)(b) | 9,402 | 9,081,744 | ||||||
20,996,351 | ||||||||
Oil & Gas — 6.3% | ||||||||
Antero Resources Corp. | ||||||||
5.38%, 03/01/30 (Call 03/01/25)(a)(b) | 10,329 | 9,907,233 | ||||||
7.63%, 02/01/29 (Call 07/01/24)(a)(b) | 5,091 | 5,242,706 | ||||||
Ascent Resources Utica Holdings LLC/ARU Finance Corp. | ||||||||
5.88%, 06/30/29 (Call 09/01/24)(a)(b) | 6,556 | 6,304,935 | ||||||
7.00%, 11/01/26 (Call 07/01/24)(a)(b) | 8,258 | 8,263,442 | ||||||
8.25%, 12/31/28 (Call 07/01/24)(a)(b) | 13,162 | 13,464,726 | ||||||
Baytex Energy Corp. | ||||||||
7.38%, 03/15/32 (Call 03/15/27)(a)(b) | 10,658 | 10,787,657 | ||||||
8.50%, 04/30/30 (Call 04/30/26)(a)(b) | 14,926 | 15,532,331 | ||||||
California Resources Corp., 8.25%, 06/15/29 | ||||||||
(Call 06/15/26)(a) | 2,205 | 2,207,756 | ||||||
Calumet Specialty Products | ||||||||
Partners LP/Calumet Finance Corp., 11.00%, | ||||||||
04/15/25 (Call 07/01/24)(a)(b) | 987 | 988,234 | ||||||
Chesapeake Energy Corp. | ||||||||
5.50%, 02/01/26 (Call 07/01/24)(a) | 5,762 | 5,690,700 | ||||||
5.88%, 02/01/29 (Call 07/01/24)(a) | 6,903 | 6,772,878 | ||||||
6.75%, 04/15/29 (Call 07/01/24)(a)(b) | 16,811 | 16,816,716 | ||||||
CITGO Petroleum Corp. | ||||||||
6.38%, 06/15/26 (Call 07/01/24)(a) | 8,914 | 8,886,327 | ||||||
7.00%, 06/15/25 (Call 07/01/24)(a) | 19,913 | 19,914,818 | ||||||
8.38%, 01/15/29 (Call 10/15/25)(a) | 21,420 | 22,172,378 | ||||||
Civitas Resources Inc. | ||||||||
5.00%, 10/15/26 (Call 07/01/24)(a)(b) | 6,736 | 6,534,951 | ||||||
8.38%, 07/01/28 (Call 07/01/25)(a) | 20,793 | 21,815,880 | ||||||
8.63%, 11/01/30 (Call 11/01/26)(a)(b) | 16,446 | 17,594,712 | ||||||
8.75%, 07/01/31 (Call 07/01/26)(a)(b) | 23,766 | 25,374,647 | ||||||
CNX Resources Corp. | ||||||||
6.00%, 01/15/29 (Call 07/01/24)(a)(b) | 8,476 | 8,275,288 | ||||||
7.25%, 03/01/32 (Call 03/01/27)(a) | 7,228 | 7,339,068 | ||||||
7.38%, 01/15/31 (Call 01/15/26)(a)(b) | 8,490 | 8,637,803 | ||||||
Comstock Resources Inc. | ||||||||
5.88%, 01/15/30 (Call 01/15/25)(a)(b) | 16,715 | 15,419,588 | ||||||
6.75%, 03/01/29 (Call 06/17/24)(a)(b) | 21,111 | 20,431,015 | ||||||
6.75%, 03/01/29 (Call 06/17/24)(a) | 6,735 | 6,440,344 | ||||||
Crescent Energy Finance LLC | ||||||||
7.63%, 04/01/32 (Call 04/01/27)(a)(b) | 13,858 | 14,116,348 | ||||||
9.25%, 02/15/28 (Call 02/15/25)(a) | 17,994 | 19,059,808 | ||||||
CrownRock LP/CrownRock Finance Inc. | ||||||||
5.00%, 05/01/29 (Call 07/01/24)(a) | 3,946 | 3,886,810 | ||||||
5.63%, 10/15/25 (Call 07/01/24)(a) | 12,900 | 12,867,750 | ||||||
CVR Energy Inc. | ||||||||
5.75%, 02/15/28 (Call 06/17/24)(a) | 7,626 | 7,064,536 | ||||||
8.50%, 01/15/29 (Call 01/15/26)(a) | 10,521 | 10,566,661 | ||||||
Encino Acquisition Partners Holdings LLC | ||||||||
8.50%, 05/01/28 (Call 07/01/24)(a)(b) | 12,469 | 12,726,152 | ||||||
8.75%, 05/01/31 (Call 05/01/27)(a)(b) | 11,096 | 11,482,066 | ||||||
Endeavor Energy Resources LP/EER Finance Inc., 5.75%, 01/30/28 | ||||||||
(Call 07/01/24)(a)(b) | 13,011 | 13,145,108 | ||||||
Energian Israel Finance Ltd. | ||||||||
4.88%, 03/30/26 (Call 12/30/25)(a)(h) | 11,133 | 10,600,368 | ||||||
5.38%, 03/30/28 (Call 09/30/27)(a)(h) | 11,134 | 10,076,389 |
Security | Par (000) | Value | ||||||
Oil & Gas (continued) | ||||||||
5.88%, 03/30/31 (Call 09/30/30)(a)(h) | $ | 10,022 | $ | 8,744,810 | ||||
8.50%, 09/30/33 (Call 09/30/29)(a)(h) | 13,061 | 12,864,636 | ||||||
Hilcorp Energy I LP/Hilcorp Finance Co. | ||||||||
5.75%, 02/01/29 (Call 07/01/24)(a) | 10,550 | 10,154,375 | ||||||
6.00%, 04/15/30 (Call 04/15/25)(a) | 7,808 | 7,534,720 | ||||||
6.00%, 02/01/31 (Call 02/01/26)(a)(b) | 9,022 | 8,605,296 | ||||||
6.25%, 11/01/28 (Call 07/01/24)(a) | 10,064 | 9,938,200 | ||||||
6.25%, 04/15/32 (Call 05/15/27)(a) | 8,483 | 8,139,099 | ||||||
6.88%, 05/15/34 (Call 05/15/29)(a)(b) | 7,690 | 7,576,573 | ||||||
8.38%, 11/01/33 (Call 11/01/28)(a)(b) | 10,661 | 11,410,746 | ||||||
Leviathan Bond Ltd. | ||||||||
6.13%, 06/30/25 (Call 03/30/25)(a) | 10,257 | 10,079,767 | ||||||
6.50%, 06/30/27 (Call 12/30/26)(a) | 10,082 | 9,616,968 | ||||||
6.75%, 06/30/30 (Call 12/30/29)(a) | 9,721 | 8,870,151 | ||||||
Matador Resources Co. | ||||||||
6.50%, 04/15/32 (Call 04/15/27)(a)(b) | 16,838 | 16,783,108 | ||||||
6.88%, 04/15/28 (Call 04/15/25)(a)(b) | 9,429 | 9,530,362 | ||||||
MEG Energy Corp. | ||||||||
5.88%, 02/01/29 (Call 06/11/24)(a) | 717 | 695,210 | ||||||
7.13%, 02/01/27 (Call 07/02/24)(a)(b) | 2,474 | 2,505,561 | ||||||
Moss Creek Resources Holdings Inc. | ||||||||
7.50%, 01/15/26 (Call 07/01/24)(a) | 14,407 | 14,354,126 | ||||||
10.50%, 05/15/27 (Call 07/01/24)(a)(b) | 8,511 | 8,694,199 | ||||||
Murphy Oil Corp., 5.88%, 12/01/27 | ||||||||
(Call 06/17/24)(b) | 4,891 | 4,903,836 | ||||||
Nabors Industries Inc. | ||||||||
7.38%, 05/15/27 (Call 07/01/24)(a)(b) | 12,953 | 12,953,000 | ||||||
9.13%, 01/31/30 (Call 05/31/26)(a) | 12,770 | 13,185,025 | ||||||
Nabors Industries Ltd., 7.25%, 01/15/26 | ||||||||
(Call 07/01/24)(a)(b) | 9,524 | 9,541,858 | ||||||
Northern Oil & Gas Inc. | ||||||||
8.13%, 03/01/28 (Call 07/01/24)(a)(b) | 13,640 | 13,867,652 | ||||||
8.75%, 06/15/31 (Call 06/15/26)(a) | 11,635 | 12,189,146 | ||||||
Parkland Corp. | ||||||||
4.50%, 10/01/29 (Call 10/01/24)(a)(b) | 13,450 | 12,247,738 | ||||||
4.63%, 05/01/30 (Call 05/01/25)(a) | 13,854 | 12,589,545 | ||||||
5.88%, 07/15/27 (Call 07/02/24)(a) | 10,180 | 10,014,575 | ||||||
PBF Holding Co. LLC/PBF Finance Corp. | ||||||||
6.00%, 02/15/28 (Call 07/01/24) | 14,904 | 14,561,990 | ||||||
7.88%, 09/15/30 (Call 09/15/26)(a) | 8,938 | 9,191,859 | ||||||
Permian Resources Operating LLC | ||||||||
5.88%, 07/01/29 (Call 07/01/24)(a)(b) | 11,732 | 11,482,695 | ||||||
7.00%, 01/15/32 (Call 01/15/27)(a)(b) | 18,066 | 18,414,493 | ||||||
8.00%, 04/15/27 (Call 07/01/24)(a) | 10,077 | 10,341,521 | ||||||
9.88%, 07/15/31 (Call 07/15/26)(a)(b) | 8,883 | 9,826,819 | ||||||
Range Resources Corp. | ||||||||
4.75%, 02/15/30 (Call 02/15/25)(a)(b) | 8,188 | 7,604,605 | ||||||
4.88%, 05/15/25 (Call 02/15/25) | 5,451 | 5,403,304 | ||||||
8.25%, 01/15/29 (Call 06/17/24)(b) | 7,782 | 8,090,928 | ||||||
SM Energy Co. | ||||||||
6.50%, 07/15/28 (Call 07/15/24)(b) | 8,052 | 8,029,696 | ||||||
6.63%, 01/15/27 (Call 07/01/24) | 6,604 | 6,583,952 | ||||||
6.75%, 09/15/26 (Call 07/01/24)(b) | 5,477 | 5,453,380 | ||||||
Southwestern Energy Co. | ||||||||
4.75%, 02/01/32 (Call 02/01/27) | 20,134 | 18,261,538 | ||||||
5.38%, 02/01/29 (Call 06/17/24) | 10,888 | 10,480,943 | ||||||
5.38%, 03/15/30 (Call 03/15/25) | 20,038 | 19,315,496 | ||||||
Sunoco LP | ||||||||
7.00%, 05/01/29 (Call 05/01/26)(a)(b) | 12,995 | 13,233,458 | ||||||
7.25%, 05/01/32 (Call 05/01/27)(a)(b) | 13,325 | 13,645,040 |
11
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Oil & Gas (continued) | ||||||||
Sunoco LP/Sunoco Finance Corp. | ||||||||
4.50%, 05/15/29 (Call 06/17/24) | $ | 13,616 | $ | 12,501,920 | ||||
4.50%, 04/30/30 (Call 04/30/25)(b) | 15,243 | 13,775,909 | ||||||
5.88%, 03/15/28 (Call 07/01/24) | 6,821 | 6,702,377 | ||||||
6.00%, 04/15/27 (Call 07/01/24)(b) | 7,069 | 7,007,146 | ||||||
7.00%, 09/15/28 (Call 09/15/25)(a) | 8,118 | 8,263,968 | ||||||
Talos Production Inc. | ||||||||
9.00%, 02/01/29 (Call 02/01/26)(a)(b) | 12,001 | 12,582,568 | ||||||
9.38%, 02/01/31 (Call 02/01/27)(a)(b) | 12,316 | 13,031,760 | ||||||
Transocean Inc. | ||||||||
8.00%, 02/01/27 (Call 06/11/24)(a) | 11,166 | 11,189,225 | ||||||
8.25%, 05/15/29 (Call 05/15/26)(a)(b) | 15,876 | 15,871,237 | ||||||
8.50%, 05/15/31 (Call 05/15/27)(a) | 15,632 | 15,573,380 | ||||||
8.75%, 02/15/30 (Call 02/15/26)(a)(b) | 16,491 | 17,192,493 | ||||||
Transocean Poseidon Ltd., 6.88%, 02/01/27 | ||||||||
(Call 07/02/24)(a) | 11 | 10,737 | ||||||
Transocean Titan Financing Ltd., 8.38%, | ||||||||
02/01/28 (Call 02/01/25)(a)(b) | 8,865 | 9,198,823 | ||||||
Valaris Ltd., 8.38%, 04/30/30 (Call 04/30/26)(a) | 21,017 | 21,720,019 | ||||||
Vital Energy Inc. | ||||||||
7.88%, 04/15/32 (Call 04/15/27)(a)(b) | 17,322 | 17,622,675 | ||||||
9.75%, 10/15/30 (Call 10/15/26)(b) | 7,216 | 7,904,390 | ||||||
1,064,068,755 | ||||||||
Oil & Gas Services — 0.5% | ||||||||
Archrock Partners LP/Archrock Partners Finance Corp. | ||||||||
6.25%, 04/01/28 (Call 07/01/24)(a) | 16,473 | 16,242,179 | ||||||
6.88%, 04/01/27 (Call 07/01/24)(a)(b) | 6,366 | 6,389,873 | ||||||
USA Compression Partners LP/USA Compression Finance Corp. | ||||||||
6.88%, 09/01/27 (Call 07/01/24) | 15,603 | 15,603,000 | ||||||
7.13%, 03/15/29 (Call 03/15/26)(a) | 18,311 | 18,304,957 | ||||||
Weatherford International Ltd., 8.63%, 04/30/30 | ||||||||
(Call 10/30/24)(a)(b) | 28,382 | 29,339,892 | ||||||
85,879,901 | ||||||||
Packaging & Containers — 2.7% | ||||||||
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC | ||||||||
3.25%, 09/01/28 (Call 07/05/24)(a)(b) | 10,586 | 9,275,983 | ||||||
4.00%, 09/01/29 (Call 07/05/24)(a)(b) | 18,378 | 15,184,822 | ||||||
6.00%, 06/15/27 (Call 07/04/24)(a) | 10,645 | 10,405,381 | ||||||
Ardagh Packaging Finance PLC/Ardagh Holdings USA Inc. | ||||||||
4.13%, 08/15/26 (Call 06/14/24)(a) | 17,613 | 14,927,017 | ||||||
5.25%, 04/30/25 (Call 07/04/24)(a) | 11,002 | 10,836,970 | ||||||
5.25%, 08/15/27 (Call 07/04/24)(a)(b) | 26,258 | 15,515,196 | ||||||
Ball Corp. | ||||||||
2.88%, 08/15/30 (Call 05/15/30)(b) | 20,655 | 17,453,475 | ||||||
3.13%, 09/15/31 (Call 06/15/31)(b) | 14,865 | 12,468,019 | ||||||
6.00%, 06/15/29 (Call 05/15/26)(b) | 14,378 | 14,409,919 | ||||||
6.88%, 03/15/28 (Call 11/15/24) | 9,779 | 9,986,804 | ||||||
Berry Global Inc., 5.63%, 07/15/27 | ||||||||
(Call 07/01/24)(a)(b) | 7,127 | 7,025,916 | ||||||
Clydesdale Acquisition Holdings Inc. | ||||||||
6.63%, 04/15/29 (Call 04/15/25)(a)(b) | 11,883 | 11,689,901 | ||||||
8.75%, 04/15/30 (Call 04/15/25)(a) | 20,009 | 19,308,685 | ||||||
Crown Americas LLC, 5.25%, 04/01/30 | ||||||||
(Call 01/01/30)(b) | 8,857 | 8,542,423 |
Security | Par (000) | Value | ||||||
Packaging & Containers (continued) | ||||||||
Crown Americas LLC/Crown Americas Capital Corp. V, 4.25%, 09/30/26 (Call 03/31/26) | $ | 4,527 | $ | 4,351,579 | ||||
Crown Americas LLC/Crown Americas Capital Corp. VI, 4.75%, 02/01/26 (Call 07/01/24) | 11,579 | 11,374,759 | ||||||
Graphic Packaging International LLC | ||||||||
3.50%, 03/15/28(a)(b) | 10,036 | 9,194,649 | ||||||
3.75%, 02/01/30 (Call 08/01/29)(a)(b) | 6,918 | 6,141,455 | ||||||
6.38%, 07/15/32 (Call 05/15/27)(a) | 7,274 | 7,290,003 | ||||||
LABL Inc. | ||||||||
5.88%, 11/01/28 (Call 11/01/24)(a) | 9,165 | 8,259,956 | ||||||
6.75%, 07/15/26 (Call 06/11/24)(a) | 12,376 | 12,221,300 | ||||||
8.25%, 11/01/29 (Call 11/01/24)(a)(b) | 8,117 | 6,909,596 | ||||||
10.50%, 07/15/27 (Call 06/11/24)(a)(b) | 12,190 | 11,866,234 | ||||||
Mauser Packaging Solutions Holding Co. | ||||||||
7.88%, 04/15/27 (Call 02/15/25)(a)(b) | 46,882 | 47,669,435 | ||||||
9.25%, 04/15/27 (Call 10/15/24)(a)(b) | 25,808 | 25,687,448 | ||||||
OI European Group BV, 4.75%, 02/15/30 | ||||||||
(Call 11/15/24)(a)(b) | 7,148 | 6,520,316 | ||||||
Owens-Brockway Glass Container Inc. | ||||||||
6.63%, 05/13/27 (Call 07/01/24)(a)(b) | 12,890 | 12,822,327 | ||||||
7.25%, 05/15/31 (Call 05/15/26)(a)(b) | 14,612 | 14,594,149 | ||||||
Pactiv Evergreen Group Issuer Inc./Pactiv Evergreen Group Issuer LLC, 4.00%, | ||||||||
10/15/27 (Call 07/01/24)(a)(b) | 17,289 | 16,139,627 | ||||||
Pactiv Evergreen Group Issuer LLC/Pactiv Evergreen Group Issuer Inc., 4.38%, | ||||||||
10/15/28 (Call 10/15/24)(a)(b) | 8,795 | 8,186,115 | ||||||
Sealed Air Corp. | ||||||||
4.00%, 12/01/27 (Call 09/01/27)(a)(b) | 7,350 | 6,882,691 | ||||||
5.00%, 04/15/29 (Call 04/15/25)(a)(b) | 7,580 | 7,182,050 | ||||||
5.50%, 09/15/25 (Call 06/15/25)(a) | 3,286 | 3,269,997 | ||||||
Sealed Air Corp./Sealed Air Corp. U.S. | ||||||||
6.13%, 02/01/28 (Call 02/01/25)(a)(b) | 11,144 | 11,065,992 | ||||||
7.25%, 02/15/31 (Call 11/15/26)(a)(b) | 7,392 | 7,597,658 | ||||||
Silgan Holdings Inc., 4.13%, 02/01/28 | ||||||||
(Call 06/17/24)(b) | 8,500 | 8,001,422 | ||||||
Trivium Packaging Finance BV | ||||||||
5.50%, 08/15/26 (Call 07/01/24)(a) | 13,682 | 13,482,380 | ||||||
8.50%, 08/15/27 (Call 06/11/24)(a)(b) | 13,491 | 13,453,360 | ||||||
457,195,009 | ||||||||
Pharmaceuticals — 3.0% | ||||||||
AdaptHealth LLC | ||||||||
4.63%, 08/01/29 (Call 07/01/24)(a)(b) | 9,724 | 8,344,408 | ||||||
5.13%, 03/01/30 (Call 03/01/25)(a)(b) | 10,457 | 9,135,497 | ||||||
Bausch Health Americas Inc. | ||||||||
8.50%, 01/31/27 (Call 07/02/24)(a)(b) | 11,369 | 8,278,053 | ||||||
9.25%, 04/01/26 (Call 07/01/24)(a) | 11,096 | 10,327,580 | ||||||
Bausch Health Companies Inc. | ||||||||
4.88%, 06/01/28 (Call 07/02/24)(a)(b) | 27,924 | 20,593,950 | ||||||
5.00%, 01/30/28 (Call 06/17/24)(a)(b) | 7,263 | 4,067,280 | ||||||
5.00%, 02/15/29 (Call 06/11/24)(a)(b) | 7,459 | 3,872,464 | ||||||
5.25%, 01/30/30 (Call 01/30/25)(a)(b) | 13,453 | 6,751,724 | ||||||
5.25%, 02/15/31 (Call 02/15/26)(a)(b) | 7,311 | 3,705,763 | ||||||
5.50%, 11/01/25 (Call 07/02/24)(a)(b) | 26,168 | 24,663,340 | ||||||
5.75%, 08/15/27 (Call 06/17/24)(a)(b) | 8,863 | 7,001,770 | ||||||
6.13%, 02/01/27 (Call 07/02/24)(a)(b) | 18,029 | 14,916,473 | ||||||
6.25%, 02/15/29 (Call 06/11/24)(a)(b) | 14,320 | 7,693,154 | ||||||
9.00%, 12/15/25 (Call 07/02/24)(a)(b) | 14,444 | 13,709,219 | ||||||
11.00%, 09/30/28(a)(b) | 29,691 | 25,905,397 | ||||||
Endo Finance Holdings Inc., 8.50%, 04/15/31 | ||||||||
(Call 04/15/27)(a)(b) | 18,453 | 18,891,259 |
12
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Pharmaceuticals (continued) | ||||||||
Herbalife Nutrition Ltd./HLF Financing Inc., | ||||||||
7.88%, 09/01/25 (Call 07/04/24)(a) | $ | 3,138 | $ | 3,054,498 | ||||
HLF Financing SARL LLC/Herbalife International Inc. | ||||||||
4.88%, 06/01/29 (Call 07/01/24)(a)(b) | 10,304 | 6,697,600 | ||||||
12.25%, 04/15/29 (Call 04/15/26)(a) | 14,245 | 14,022,731 | ||||||
Jazz Securities DAC, 4.38%, 01/15/29 | ||||||||
(Call 07/15/24)(a)(b) | 26,314 | 24,229,121 | ||||||
Organon & Co./Organon Foreign Debt Co.-Issuer BV | ||||||||
4.13%, 04/30/28 (Call 07/01/24)(a) | 36,915 | 34,105,768 | ||||||
5.13%, 04/30/31 (Call 04/30/26)(a)(b) | 33,828 | 29,937,780 | ||||||
Organon & Co./Organon Foreign Debt | ||||||||
Co-Issuer BV | ||||||||
6.75%, 05/15/34 (Call 05/15/29)(a) | 4,190 | 4,174,204 | ||||||
7.88%, 05/15/34 (Call 05/15/29)(a)(b) | 8,420 | 8,557,751 | ||||||
Owens & Minor Inc. | ||||||||
4.50%, 03/31/29 (Call 07/01/24)(a)(b) | 8,302 | 7,332,742 | ||||||
6.63%, 04/01/30 (Call 04/01/25)(a)(b) | 9,961 | 9,507,774 | ||||||
Perrigo Finance Unlimited Co. | ||||||||
4.38%, 03/15/26 (Call 12/15/25) | 11,670 | 11,192,347 | ||||||
4.65%, 06/15/30 (Call 03/15/30)(b) | 15,506 | 14,260,093 | ||||||
Prestige Brands Inc. | ||||||||
3.75%, 04/01/31 (Call 04/01/26)(a)(b) | 11,008 | 9,439,360 | ||||||
5.13%, 01/15/28 (Call 07/01/24)(a)(b) | 5,424 | 5,220,600 | ||||||
Teva Pharmaceutical Finance Netherlands III BV | ||||||||
3.15%, 10/01/26(b) | 57,818 | 54,056,939 | ||||||
4.75%, 05/09/27 (Call 02/09/27)(b) | 16,503 | 15,852,341 | ||||||
5.13%, 05/09/29 (Call 02/09/29)(b) | 17,371 | 16,617,644 | ||||||
6.75%, 03/01/28 (Call 12/01/27)(b) | 21,910 | 22,359,775 | ||||||
7.13%, 01/31/25 (Call 10/31/24)(b) | 271 | 271,339 | ||||||
7.88%, 09/15/29 (Call 06/15/29) | 11,978 | 12,763,521 | ||||||
8.13%, 09/15/31 (Call 06/15/31)(b) | 10,152 | 11,155,187 | ||||||
502,666,446 | ||||||||
Pipelines — 5.4% | ||||||||
Antero Midstream Partners LP/Antero Midstream Finance Corp. | ||||||||
5.38%, 06/15/29 (Call 07/01/24)(a)(b) | 13,533 | 12,974,764 | ||||||
5.75%, 03/01/27 (Call 06/17/24)(a)(b) | 10,822 | 10,672,765 | ||||||
5.75%, 01/15/28 (Call 06/17/24)(a) | 11,637 | 11,393,088 | ||||||
6.63%, 02/01/32 (Call 02/01/27)(a)(b) | 11,143 | 11,162,166 | ||||||
Blue Racer Midstream LLC/Blue Racer Finance Corp. | ||||||||
7.00%, 07/15/29 (Call 07/15/26)(a) | 8,325 | 8,412,413 | ||||||
7.25%, 07/15/32 (Call 07/15/27)(a) | 7,491 | 7,631,831 | ||||||
Buckeye Partners LP | ||||||||
3.95%, 12/01/26 (Call 09/01/26) | 12,492 | 11,861,654 | ||||||
4.13%, 12/01/27 (Call 09/01/27)(b) | 7,306 | 6,781,019 | ||||||
4.50%, 03/01/28 (Call 12/01/27)(a)(b) | 8,410 | 7,862,940 | ||||||
CQP Holdco LP/BIP-V Chinook Holdco LLC | ||||||||
5.50%, 06/15/31 (Call 06/15/26)(a)(b) | 24,460 | 22,950,838 | ||||||
7.50%, 12/15/33 (Call 12/15/28)(a)(b) | 8,533 | 8,767,657 | ||||||
Delek Logistics Partners LP/Delek Logistics Finance Corp. | ||||||||
7.13%, 06/01/28 (Call 07/01/24)(a)(b) | 7,581 | 7,481,765 | ||||||
8.63%, 03/15/29 (Call 03/15/26)(a) | 14,787 | 15,142,812 | ||||||
DT Midstream Inc. | ||||||||
4.13%, 06/15/29 (Call 07/01/24)(a) | 19,727 | 18,050,205 | ||||||
4.38%, 06/15/31 (Call 06/15/26)(a)(b) | 17,614 | 15,811,149 |
Security | Par (000) | Value | ||||||
Pipelines (continued) | ||||||||
Energy Transfer LP, 8.00%, 05/15/54 | ||||||||
(Call 02/15/29), (5-year CMT + 4.020%)(b)(d) | $ | 14,226 | $ | 14,807,843 | ||||
EnLink Midstream LLC | ||||||||
5.63%, 01/15/28 (Call 07/15/27)(a) | 28 | 27,665 | ||||||
6.50%, 09/01/30 (Call 03/01/30)(a) | 94 | 96,037 | ||||||
EnLink Midstream Partners LP | ||||||||
4.15%, 06/01/25 (Call 03/01/25)(b) | 227 | 222,665 | ||||||
4.85%, 07/15/26 (Call 04/15/26) | 148 | 144,785 | ||||||
EQM Midstream Partners LP | ||||||||
4.13%, 12/01/26 (Call 09/01/26)(b) | 6,426 | 6,178,890 | ||||||
4.50%, 01/15/29 (Call 07/15/28)(a)(b) | 13,588 | 12,674,207 | ||||||
4.75%, 01/15/31 (Call 07/15/30)(a)(b) | 19,594 | 17,968,678 | ||||||
5.50%, 07/15/28 (Call 04/15/28) | 14,569 | 14,255,766 | ||||||
6.00%, 07/01/25 (Call 04/01/25)(a) | 6,512 | 6,493,766 | ||||||
6.38%, 04/01/29 (Call 04/01/26)(a) | 9,984 | 9,981,567 | ||||||
6.50%, 07/01/27 (Call 01/01/27)(a) | 15,967 | 16,101,761 | ||||||
7.50%, 06/01/27 (Call 07/01/24)(a) | 8,834 | 9,038,788 | ||||||
7.50%, 06/01/30 (Call 12/01/29)(a)(b) | 8,850 | 9,350,108 | ||||||
Genesis Energy LP/Genesis Energy Finance Corp. | ||||||||
7.75%, 02/01/28 (Call 07/01/24) | 12,329 | 12,359,822 | ||||||
7.88%, 05/15/32 (Call 05/15/27) | 8,441 | 8,457,882 | ||||||
8.00%, 01/15/27 (Call 07/01/24)(b) | 17,461 | 17,807,601 | ||||||
8.25%, 01/15/29 (Call 01/15/26) | 10,803 | 11,062,947 | ||||||
8.88%, 04/15/30 (Call 04/15/26)(b) | 9,015 | 9,416,918 | ||||||
Global Partners LP/GLP Finance Corp. | ||||||||
7.00%, 08/01/27 (Call 06/17/24) | 6,742 | 6,751,034 | ||||||
8.25%, 01/15/32 (Call 01/15/27)(a) | 7,772 | 7,996,378 | ||||||
Harvest Midstream I LP | ||||||||
7.50%, 09/01/28 (Call 07/01/24)(a) | 2,447 | 2,471,470 | ||||||
7.50%, 05/15/32 (Call 05/15/27)(a) | 8,185 | 8,264,395 | ||||||
Hess Midstream Operations LP | ||||||||
4.25%, 02/15/30 (Call 02/15/25)(a) | 13,309 | 12,090,927 | ||||||
5.13%, 06/15/28 (Call 07/01/24)(a) | 10,697 | 10,278,671 | ||||||
5.50%, 10/15/30 (Call 10/15/25)(a) | 7,470 | 7,169,866 | ||||||
5.63%, 02/15/26 (Call 07/01/24)(a) | 9,375 | 9,322,969 | ||||||
6.50%, 06/01/29 (Call 06/01/26)(a) | 2,915 | 2,947,794 | ||||||
ITT Holdings LLC, 6.50%, 08/01/29 | ||||||||
(Call 08/01/24)(a) | 21,322 | 19,536,282 | ||||||
Kinetik Holdings LP | ||||||||
5.88%, 06/15/30 (Call 06/15/25)(a)(b) | 18,153 | 17,676,484 | ||||||
6.63%, 12/15/28 (Call 12/15/25)(a)(b) | 13,907 | 14,037,610 | ||||||
New Fortress Energy Inc. | ||||||||
6.50%, 09/30/26 (Call 07/01/24)(a)(b) | 27,517 | 25,900,376 | ||||||
6.75%, 09/15/25 (Call 06/21/24)(a) | 18,273 | 18,045,867 | ||||||
8.75%, 03/15/29 (Call 03/15/26)(a)(b) | 12,975 | 12,456,000 | ||||||
NGL Energy Operating LLC/NGL Energy Finance Corp. | ||||||||
8.13%, 02/15/29 (Call 02/15/26)(a) | 15,684 | 15,958,470 | ||||||
8.38%, 02/15/32 (Call 02/15/27)(a) | 22,535 | 22,950,320 | ||||||
NuStar Logistics LP | ||||||||
5.63%, 04/28/27 (Call 01/28/27) | 9,734 | 9,568,425 | ||||||
5.75%, 10/01/25 (Call 07/01/25) | 8,374 | 8,330,246 | ||||||
6.00%, 06/01/26 (Call 03/01/26)(b) | 9,378 | 9,284,220 | ||||||
6.38%, 10/01/30 (Call 04/01/30)(b) | 7,593 | 7,567,791 | ||||||
Rockies Express Pipeline LLC | ||||||||
3.60%, 05/15/25 (Call 04/15/25)(a)(b) | 2,822 | 2,745,036 | ||||||
4.95%, 07/15/29 (Call 04/15/29)(a)(b) | 9,675 | 9,013,540 | ||||||
Tallgrass Energy Partners LP/Tallgrass Energy Finance Corp. | ||||||||
5.50%, 01/15/28 (Call 07/01/24)(a) | 12,892 | 12,318,370 |
13
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Pipelines (continued) | ||||||||
6.00%, 03/01/27 (Call 07/01/24)(a) | $ | 7,578 | $ | 7,416,968 | ||||
6.00%, 12/31/30 (Call 12/31/25)(a)(b) | 14,311 | 13,482,536 | ||||||
6.00%, 09/01/31 (Call 09/01/26)(a) | 8,959 | 8,409,186 | ||||||
7.38%, 02/15/29 (Call 02/15/26)(a) | 13,872 | 13,902,102 | ||||||
Venture Global Calcasieu Pass LLC | ||||||||
3.88%, 11/01/33 (Call 05/01/33)(a)(b) | 21,520 | 18,068,965 | ||||||
6.25%, 01/15/30 (Call 10/15/29)(a) | 17,337 | 17,384,330 | ||||||
3.88%, 08/15/29 (Call 02/15/29)(a) | 21,642 | 19,477,861 | ||||||
4.13%, 08/15/31 (Call 02/15/31)(a) | 21,233 | 18,762,120 | ||||||
Venture Global LNG Inc. | ||||||||
8.13%, 06/01/28 (Call 06/01/25)(a) | 37,874 | 38,765,198 | ||||||
8.38%, 06/01/31 (Call 06/01/26)(a) | 37,745 | 38,924,531 | ||||||
9.50%, 02/01/29 (Call 11/01/28)(a) | 50,560 | 54,844,454 | ||||||
9.88%, 02/01/32 (Call 02/01/27)(a) | 34,646 | 37,148,481 | ||||||
912,674,035 | ||||||||
Real Estate — 0.6% | ||||||||
Anywhere Real Estate Group LLC/Anywhere Co-Issuer Corp., 7.00%, 04/15/30 | ||||||||
(Call 04/15/25)(a)(b) | 11,302 | 9,811,722 | ||||||
Anywhere Real Estate Group LLC/Realogy | ||||||||
Co-Issuer Corp. | ||||||||
5.25%, 04/15/30 (Call 04/15/25)(a)(b) | 8,067 | 5,251,768 | ||||||
5.75%, 01/15/29 (Call 06/17/24)(a)(b) | 9,820 | 6,745,162 | ||||||
Cushman & Wakefield U.S. Borrower LLC | ||||||||
6.75%, 05/15/28 (Call 07/01/24)(a)(b) | 11,439 | 11,373,912 | ||||||
8.88%, 09/01/31 (Call 09/01/26)(a)(b) | 6,464 | 6,761,945 | ||||||
HAT Holdings I LLC/HAT Holdings II LLC, | ||||||||
8.00%, 06/15/27 (Call 03/15/27)(a)(b) | 9,685 | 10,030,077 | ||||||
Howard Hughes Corp. (The) | ||||||||
4.13%, 02/01/29 (Call 06/17/24)(a)(b) | 10,936 | 9,692,843 | ||||||
4.38%, 02/01/31 (Call 02/01/26)(a)(b) | 11,496 | 9,806,433 | ||||||
5.38%, 08/01/28 (Call 07/01/24)(a)(b) | 12,198 | 11,532,094 | ||||||
Kennedy-Wilson Inc. | ||||||||
4.75%, 03/01/29 (Call 07/01/24)(b) | 10,992 | 9,343,200 | ||||||
4.75%, 02/01/30 (Call 09/01/24)(b) | 10,560 | 8,617,910 | ||||||
5.00%, 03/01/31 (Call 03/01/26)(b) | 10,509 | 8,354,655 | ||||||
107,321,721 | ||||||||
Real Estate Investment Trusts — 3.9% | ||||||||
Brandywine Operating Partnership LP | ||||||||
3.95%, 11/15/27 (Call 08/15/27)(b) | 8,888 | 8,012,536 | ||||||
8.88%, 04/12/29 (Call 03/12/29)(b) | 7,275 | 7,535,969 | ||||||
Brookfield Property REIT Inc./BPR Cumulus LLC/BPR Nimbus LLC/GGSI Sellco LLC | ||||||||
4.50%, 04/01/27 (Call 07/01/24)(a)(b) | 12,924 | 12,003,165 | ||||||
5.75%, 05/15/26 (Call 06/11/24)(a)(b) | 16,543 | 16,232,571 | ||||||
Diversified Healthcare Trust | ||||||||
4.38%, 03/01/31 (Call 09/01/30) | 9,060 | 6,545,850 | ||||||
4.75%, 02/15/28 (Call 08/15/27)(b) | 10,046 | 8,270,369 | ||||||
9.75%, 06/15/25 (Call 06/17/24) | 8,116 | 8,120,058 | ||||||
HAT Holdings I LLC/HAT Holdings II LLC, | ||||||||
3.38%, 06/15/26 (Call 03/15/26)(a)(b) | 15,703 | 14,763,961 | ||||||
Hudson Pacific Properties LP | ||||||||
3.25%, 01/15/30 (Call 10/15/29)(b) | 6,667 | 4,650,188 | ||||||
3.95%, 11/01/27 (Call 08/01/27)(b) | 7,068 | 6,060,810 | ||||||
4.65%, 04/01/29 (Call 01/01/29)(b) | 9,255 | 7,239,724 | ||||||
Iron Mountain Inc. | ||||||||
4.50%, 02/15/31 (Call 02/15/26)(a)(b) | 19,118 | 17,068,789 | ||||||
4.88%, 09/15/27 (Call 06/11/24)(a)(b) | 15,858 | 15,225,583 | ||||||
4.88%, 09/15/29 (Call 09/15/24)(a)(b) | 17,866 | 16,498,677 |
Security | Par (000) | Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
5.00%, 07/15/28 (Call 06/11/24)(a) | $ | 7,995 | $ | 7,570,266 | ||||
5.25%, 03/15/28 (Call 06/11/24)(a) | 13,898 | 13,368,139 | ||||||
5.25%, 07/15/30 (Call 07/15/25)(a)(b) | 22,587 | 21,062,355 | ||||||
5.63%, 07/15/32 (Call 07/15/26)(a)(b) | 10,496 | 9,799,711 | ||||||
7.00%, 02/15/29 (Call 08/15/25)(a) | 16,692 | 16,918,510 | ||||||
Iron Mountain Information Management | ||||||||
Services Inc., 5.00%, 07/15/32 | ||||||||
(Call 07/15/27)(a) | 12,861 | 11,581,652 | ||||||
Ladder Capital Finance Holdings LLLP/Ladder Capital Finance Corp. | ||||||||
4.25%, 02/01/27 (Call 07/01/24)(a) | 11,495 | 10,747,825 | ||||||
4.75%, 06/15/29 (Call 07/01/24)(a)(b) | 11,313 | 10,195,615 | ||||||
MPT Operating Partnership LP/MPT Finance Corp. | ||||||||
3.50%, 03/15/31 (Call 03/15/26)(b) | 22,467 | 14,599,933 | ||||||
4.63%, 08/01/29 (Call 08/01/24)(b) | 15,229 | 11,094,783 | ||||||
5.00%, 10/15/27 (Call 07/01/24)(b) | 24,433 | 20,042,390 | ||||||
5.25%, 08/01/26 (Call 07/01/24)(b) | 7,785 | 7,076,909 | ||||||
Office Properties Income Trust, 3.45%, 10/15/31 | ||||||||
(Call 07/15/31) | 5,524 | 2,239,577 | ||||||
Park Intermediate Holdings LLC/PK Domestic Property LLC/PK Finance Co-Issuer | ||||||||
4.88%, 05/15/29 (Call 07/01/24)(a)(b) | 13,504 | 12,541,840 | ||||||
5.88%, 10/01/28 (Call 07/01/24)(a) | 11,540 | 11,309,200 | ||||||
7.00%, 02/01/30 (Call 08/01/26)(a)(b) | 8,113 | 8,163,706 | ||||||
RHP Hotel Properties LP/RHP Finance Corp. | ||||||||
4.50%, 02/15/29 (Call 07/01/24)(a)(b) | 10,224 | 9,533,880 | ||||||
4.75%, 10/15/27 (Call 07/01/24)(b) | 12,026 | 11,536,301 | ||||||
6.50%, 04/01/32 (Call 04/01/27)(a) | 18,479 | 18,363,506 | ||||||
7.25%, 07/15/28 (Call 07/15/25)(a) | 6,365 | 6,513,384 | ||||||
Rithm Capital Corp., 8.00%, 04/01/29 | ||||||||
(Call 04/01/26)(a) | 13,293 | 12,909,995 | ||||||
RLJ Lodging Trust LP | ||||||||
3.75%, 07/01/26 (Call 07/01/24)(a) | 8,848 | 8,360,437 | ||||||
4.00%, 09/15/29 (Call 09/15/24)(a) | 9,039 | 7,875,229 | ||||||
SBA Communications Corp. | ||||||||
3.13%, 02/01/29 (Call 07/01/24)(b) | 28,919 | 25,430,212 | ||||||
3.88%, 02/15/27 (Call 06/11/24)(b) | 25,151 | 23,808,716 | ||||||
Service Properties Trust | ||||||||
3.95%, 01/15/28 (Call 07/15/27)(b) | 6,912 | 5,736,960 | ||||||
4.38%, 02/15/30 (Call 08/15/29)(b) | 7,026 | 5,101,579 | ||||||
4.75%, 10/01/26 (Call 08/01/26) | 7,456 | 6,971,733 | ||||||
4.95%, 02/15/27 (Call 08/15/26)(b) | 7,071 | 6,450,520 | ||||||
4.95%, 10/01/29 (Call 07/01/29) | 7,380 | 5,724,113 | ||||||
5.50%, 12/15/27 (Call 09/15/27) | 6,696 | 6,158,646 | ||||||
7.50%, 09/15/25 (Call 06/04/24) | 12,664 | 12,904,760 | ||||||
8.38%, 06/15/29 (Call 06/15/26) | 6,365 | 6,240,883 | ||||||
8.63%, 11/15/31 (Call 11/15/26)(a) | 16,763 | 17,582,816 | ||||||
8.88%, 06/15/32 (Call 06/15/27) | 6,850 | 6,403,928 | ||||||
Starwood Property Trust Inc. | ||||||||
3.63%, 07/15/26 (Call 01/15/26)(a) | 7,263 | 6,731,712 | ||||||
4.38%, 01/15/27 (Call 07/15/26)(a)(b) | 8,851 | 8,312,063 | ||||||
4.75%, 03/15/25 (Call 09/15/24)(b) | 245 | 240,791 | ||||||
7.25%, 04/01/29 (Call 10/01/28)(a)(b) | 12,128 | 12,065,783 | ||||||
Uniti Group LP/Uniti Fiber Holdings Inc./CSL Capital LLC, 6.00%, 01/15/30 | ||||||||
(Call 01/15/25)(a)(b) | 13,006 | 8,819,629 | ||||||
Uniti Group LP/Uniti Group Finance Inc./CSL Capital LLC | ||||||||
4.75%, 04/15/28 (Call 06/11/24)(a) | 9,747 | 8,047,586 | ||||||
6.50%, 02/15/29 (Call 06/11/24)(a)(b) | 19,354 | 13,426,837 |
14
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Real Estate Investment Trusts (continued) | ||||||||
10.50%, 02/15/28 (Call 09/15/25)(a) | $ | 47,015 | $ | 47,026,598 | ||||
XHR LP | ||||||||
4.88%, 06/01/29 (Call 07/01/24)(a)(b) | 9,044 | 8,312,944 | ||||||
6.38%, 08/15/25 (Call 06/11/24)(a)(b) | 3,620 | 3,610,950 | ||||||
656,743,152 | ||||||||
Retail — 5.2% | ||||||||
1011778 BC ULC/New Red Finance Inc. | ||||||||
3.50%, 02/15/29 (Call 06/11/24)(a)(b) | 12,387 | 11,172,933 | ||||||
3.88%, 01/15/28 (Call 07/01/24)(a) | 25,580 | 23,765,196 | ||||||
4.00%, 10/15/30 (Call 10/15/25)(a) | 50,604 | 44,021,938 | ||||||
4.38%, 01/15/28 (Call 07/02/24)(a)(b) | 12,817 | 11,974,539 | ||||||
Advance Auto Parts Inc., 3.90%, 04/15/30 | ||||||||
(Call 01/15/30)(b) | 9,001 | 8,096,852 | ||||||
Asbury Automotive Group Inc. | ||||||||
4.50%, 03/01/28 (Call 06/11/24)(b) | 7,742 | 7,309,996 | ||||||
4.63%, 11/15/29 (Call 11/15/24)(a)(b) | 13,504 | 12,423,680 | ||||||
4.75%, 03/01/30 (Call 03/01/25)(b) | 7,138 | 6,549,770 | ||||||
5.00%, 02/15/32 (Call 11/15/26)(a)(b) | 11,896 | 10,597,790 | ||||||
Bath & Body Works Inc. | ||||||||
5.25%, 02/01/28(b) | 8,925 | 8,674,832 | ||||||
6.63%, 10/01/30 (Call 10/01/25)(a)(b) | 17,203 | 17,224,504 | ||||||
7.50%, 06/15/29 (Call 07/01/24)(b) | 5,985 | 6,171,792 | ||||||
BCPE Ulysses Intermediate Inc., 7.75%, | ||||||||
04/01/27 (Call 07/01/24), (7.75% PIK)(a)(b)(c) | 7,505 | 7,213,764 | ||||||
Beacon Roofing Supply Inc., 6.50%, 08/01/30 | ||||||||
(Call 08/01/26)(a)(b) | 12,135 | 12,131,481 | ||||||
Carvana Co. | ||||||||
12.00%, 12/01/28 (Call 08/15/24), | ||||||||
(12.00% PIK)(a)(b)(c) | 19,702 | 20,592,530 | ||||||
13.00%, 06/01/30 (Call 08/15/25), | ||||||||
(13.00% PIK)(a)(c) | 26,099 | 26,862,780 | ||||||
14.00%, 06/01/31 (Call 08/15/28), | ||||||||
(14.00% PIK)(a)(b)(c) | 30,278 | 31,953,128 | ||||||
eG Global Finance PLC, 12.00%, 11/30/28 | ||||||||
(Call 05/30/26)(a) | 20,695 | 21,433,811 | ||||||
Ferrellgas LP/Ferrellgas Finance Corp. | ||||||||
5.38%, 04/01/26 (Call 07/01/24)(a) | 10,592 | 10,340,440 | ||||||
5.88%, 04/01/29 (Call 07/01/24)(a)(b) | 15,607 | 14,692,274 | ||||||
Fertitta Entertainment LLC/Fertitta Entertainment Finance Co. Inc. | ||||||||
4.63%, 01/15/29 (Call 01/15/25)(a) | 17,564 | 15,829,555 | ||||||
6.75%, 01/15/30 (Call 01/15/25)(a)(b) | 22,262 | 19,676,714 | ||||||
FirstCash Inc. | ||||||||
4.63%, 09/01/28 (Call 07/01/24)(a) | 9,661 | 9,053,162 | ||||||
5.63%, 01/01/30 (Call 01/01/25)(a)(b) | 9,942 | 9,416,267 | ||||||
6.88%, 03/01/32 (Call 03/01/27)(a)(b) | 9,306 | 9,255,316 | ||||||
Gap Inc. (The) | ||||||||
3.63%, 10/01/29 (Call 10/01/24)(a)(b) | 13,153 | 11,377,345 | ||||||
3.88%, 10/01/31 (Call 10/01/26)(a)(b) | 14,204 | 11,789,320 | ||||||
Global Auto Holdings Ltd./AAG FH U.K. Ltd. | ||||||||
8.38%, 01/15/29 (Call 01/15/26)(a) | 9,188 | 8,943,149 | ||||||
8.75%, 01/15/32 (Call 01/15/27)(a) | 9,936 | 9,563,400 | ||||||
KFC Holding Co./Pizza Hut Holdings LLC/Taco Bell of America LLC, 4.75%, 06/01/27 | ||||||||
(Call 07/01/24)(a) | 9,885 | 9,588,450 | ||||||
Kohl’s Corp., 4.63%, 05/01/31 (Call 02/01/31)(b) | 9,658 | 7,793,040 | ||||||
LBM Acquisition LLC, 6.25%, 01/15/29 | ||||||||
(Call 07/01/24)(a)(b) | 14,649 | 13,226,729 | ||||||
LCM Investments Holdings II LLC | ||||||||
4.88%, 05/01/29 (Call 07/01/24)(a)(b) | 17,195 | 15,977,938 | ||||||
8.25%, 08/01/31 (Call 08/01/26)(a) | 13,787 | 14,304,012 |
Security | Par (000) | Value | ||||||
Retail (continued) | ||||||||
Lithia Motors Inc. | ||||||||
3.88%, 06/01/29 (Call 07/01/24)(a)(b) | $ | 13,620 | $ | 12,154,079 | ||||
4.38%, 01/15/31 (Call 10/15/25)(a)(b) | 9,454 | 8,330,865 | ||||||
4.63%, 12/15/27 (Call 07/01/24)(a)(b) | 7,100 | 6,753,875 | ||||||
Macy’s Retail Holdings LLC | ||||||||
5.88%, 04/01/29 (Call 07/01/24)(a)(b) | 10,024 | 9,628,553 | ||||||
5.88%, 03/15/30 (Call 03/15/25)(a)(b) | 7,600 | 7,245,080 | ||||||
6.13%, 03/15/32 (Call 03/15/27)(a)(b) | 8,350 | 7,942,937 | ||||||
Michaels Companies Inc. (The) | ||||||||
5.25%, 05/01/28 (Call 06/11/24)(a)(b) | 14,943 | 12,103,830 | ||||||
7.88%, 05/01/29 (Call 06/11/24)(a)(b) | 22,730 | 15,456,400 | ||||||
Murphy Oil USA Inc. | ||||||||
3.75%, 02/15/31 (Call 02/15/26)(a) | 8,564 | 7,436,121 | ||||||
4.75%, 09/15/29 (Call 09/15/24)(b) | 8,151 | 7,662,022 | ||||||
NMG Holding Co. Inc./Neiman Marcus | ||||||||
Group LLC, 7.13%, 04/01/26 | ||||||||
(Call 07/01/24)(a)(b) | 20,888 | 20,799,226 | ||||||
Nordstrom Inc. | ||||||||
4.25%, 08/01/31 (Call 05/01/31)(b) | 8,403 | 7,422,370 | ||||||
4.38%, 04/01/30 (Call 01/01/30)(b) | 9,696 | 8,810,173 | ||||||
Penske Automotive Group Inc. | ||||||||
3.50%, 09/01/25 (Call 06/11/24)(b) | 6,013 | 5,813,789 | ||||||
3.75%, 06/15/29 (Call 06/15/24) | 10,158 | 9,040,620 | ||||||
PetSmart Inc./PetSmart Finance Corp. | ||||||||
4.75%, 02/15/28 (Call 07/01/24)(a) | 20,414 | 18,946,693 | ||||||
7.75%, 02/15/29 (Call 07/01/24)(a)(b) | 20,129 | 19,236,078 | ||||||
QVC Inc. | ||||||||
4.38%, 09/01/28 (Call 06/01/28)(b) | 9,218 | 6,868,332 | ||||||
4.75%, 02/15/27 (Call 11/15/26)(b) | 12,013 | 10,196,034 | ||||||
Sonic Automotive Inc. | ||||||||
4.63%, 11/15/29 (Call 11/15/24)(a)(b) | 12,350 | 11,061,812 | ||||||
4.88%, 11/15/31 (Call 11/15/26)(a)(b) | 9,971 | 8,757,529 | ||||||
SRS Distribution Inc. | ||||||||
4.63%, 07/01/28 (Call 07/01/24)(a)(b) | 11,160 | 11,120,940 | ||||||
6.00%, 12/01/29 (Call 12/01/24)(a) | 12,498 | 12,685,470 | ||||||
6.13%, 07/01/29 (Call 07/01/24)(a) | 6,332 | 6,432,134 | ||||||
Staples Inc. | ||||||||
7.50%, 04/15/26 (Call 06/10/24)(a)(b) | 30,459 | 30,487,022 | ||||||
10.75%, 04/15/27 (Call 07/01/24)(a) | 15,450 | 13,578,619 | ||||||
10.75%, 09/01/29 (Call 09/01/26)(a) | 14,575 | 14,046,656 | ||||||
Suburban Propane Partners LP/Suburban Energy Finance Corp., 5.00%, 06/01/31 | ||||||||
(Call 06/01/26)(a)(b) | 11,983 | 10,747,253 | ||||||
Walgreens Boots Alliance Inc. | ||||||||
3.20%, 04/15/30 (Call 01/15/30)(b) | 8,750 | 7,647,744 | ||||||
3.45%, 06/01/26 (Call 03/01/26) | 19,676 | 18,775,654 | ||||||
Yum! Brands Inc. | ||||||||
3.63%, 03/15/31 (Call 12/15/30)(b) | 18,248 | 15,927,082 | ||||||
4.63%, 01/31/32 (Call 10/01/26)(b) | 19,325 | 17,616,283 | ||||||
4.75%, 01/15/30 (Call 10/15/29)(a)(b) | 13,614 | 12,853,442 | ||||||
5.38%, 04/01/32 (Call 04/01/27)(b) | 17,393 | 16,604,880 | ||||||
889,188,024 | ||||||||
Semiconductors — 0.3% | ||||||||
Entegris Inc. | ||||||||
3.63%, 05/01/29 (Call 07/01/24)(a)(b) | 7,032 | 6,265,998 | ||||||
4.38%, 04/15/28 (Call 06/11/24)(a)(b) | 6,967 | 6,493,662 | ||||||
4.75%, 04/15/29 (Call 01/15/29)(a) | 28,013 | 26,566,392 | ||||||
5.95%, 06/15/30 (Call 06/15/25)(a)(b) | 14,561 | 14,343,313 | ||||||
53,669,365 |
15
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Software — 2.8% | ||||||||
AthenaHealth Group Inc., 6.50%, 02/15/30 | ||||||||
(Call 02/15/25)(a)(b) | $ | 41,175 | $ | 37,344,387 | ||||
Central Parent Inc./CDK Global Inc., 7.25%, | ||||||||
06/15/29 (Call 06/15/25)(a) | 14,258 | 14,347,112 | ||||||
Central Parent LLC/CDK Global II LLC/CDK Financing Co. Inc., 8.00%, 06/15/29 | ||||||||
(Call 06/15/25)(a) | 13,948 | 14,262,109 | ||||||
Clarivate Science Holdings Corp. | ||||||||
3.88%, 07/01/28 (Call 06/30/24)(a)(b) | 17,479 | 16,007,268 | ||||||
4.88%, 07/01/29 (Call 06/30/24)(a)(b) | 16,087 | 14,663,461 | ||||||
Cloud Software Group Inc. | ||||||||
6.50%, 03/31/29 (Call 09/30/25)(a) | 68,224 | 64,642,240 | ||||||
8.25%, 06/30/32 (Call 06/30/27)(a) | 20,675 | 20,873,135 | ||||||
9.00%, 09/30/29 (Call 09/30/25)(a)(b) | 66,828 | 64,658,763 | ||||||
Fair Isaac Corp. | ||||||||
4.00%, 06/15/28 (Call 06/17/24)(a) | 16,832 | 15,632,720 | ||||||
5.25%, 05/15/26 (Call 02/15/26)(a) | 5,264 | 5,185,711 | ||||||
Open Text Corp. | ||||||||
3.88%, 02/15/28 (Call 07/02/24)(a)(b) | 18,343 | 16,857,555 | ||||||
3.88%, 12/01/29 (Call 12/01/24)(a)(b) | 13,814 | 12,097,749 | ||||||
Open Text Holdings Inc. | ||||||||
4.13%, 02/15/30 (Call 02/15/25)(a)(b) | 15,322 | 13,618,385 | ||||||
4.13%, 12/01/31 (Call 12/01/26)(a)(b) | 12,089 | 10,405,123 | ||||||
ROBLOX Corp., 3.88%, 05/01/30 | ||||||||
(Call 11/01/24)(a)(b) | 18,942 | 16,525,580 | ||||||
Rocket Software Inc. | ||||||||
6.50%, 02/15/29 (Call 07/01/24)(a) | 10,385 | 8,754,555 | ||||||
9.00%, 11/28/28 (Call 05/01/25)(a)(b) | 13,261 | 13,472,513 | ||||||
SS&C Technologies Inc. | ||||||||
5.50%, 09/30/27 (Call 07/01/24)(a)(b) | 29,712 | 29,090,276 | ||||||
6.50%, 06/01/32 (Call 06/01/27)(a) | 5,995 | 6,009,988 | ||||||
Twilio Inc. | ||||||||
3.63%, 03/15/29 (Call 06/11/24)(b) | 10,281 | 9,184,360 | ||||||
3.88%, 03/15/31 (Call 03/15/26)(b) | 9,201 | 8,004,870 | ||||||
UKG Inc., 6.88%, 02/01/31 (Call 02/01/27)(a) | 43,636 | 43,908,725 | ||||||
Veritas U.S. Inc./Veritas Bermuda Ltd., 7.50%, | ||||||||
09/01/25 (Call 07/01/24)(a) | 27,540 | 24,992,550 | ||||||
480,539,135 | ||||||||
Telecommunications — 4.7% | ||||||||
Altice France Holding SA | ||||||||
6.00%, 02/15/28 (Call 07/01/24)(a)(b) | 16,664 | 5,290,820 | ||||||
10.50%, 05/15/27 (Call 06/11/24)(a)(b) | 23,264 | 8,607,680 | ||||||
Altice France SA | ||||||||
5.13%, 01/15/29 (Call 07/01/24)(a) | 6,857 | 4,613,390 | ||||||
5.13%, 07/15/29 (Call 07/01/24)(a) | 38,664 | 26,049,870 | ||||||
5.50%, 01/15/28 (Call 06/11/24)(a) | 17,362 | 12,193,952 | ||||||
5.50%, 10/15/29 (Call 10/15/24)(a) | 28,941 | 19,426,646 | ||||||
8.13%, 02/01/27 (Call 06/11/24)(a) | 25,710 | 19,716,999 | ||||||
British Telecommunications PLC | ||||||||
4.25%, 11/23/81 (Call 11/23/26), | ||||||||
(5-year CMT + 2.985%)(a)(b)(d) | 9,004 | 8,437,288 | ||||||
4.88%, 11/23/81 (Call 08/23/31), | ||||||||
(5-year CMT + 3.493%)(a)(b)(d) | 8,420 | 7,563,684 | ||||||
C&W Senior Finance Ltd., 6.88%, 09/15/27 | ||||||||
(Call 06/11/24)(a)(b) | 21,856 | 20,765,167 | ||||||
CommScope Inc. | ||||||||
4.75%, 09/01/29 (Call 09/01/24)(a) | 21,898 | 15,438,090 | ||||||
6.00%, 03/01/26 (Call 07/01/24)(a) | 27,452 | 24,500,910 | ||||||
7.13%, 07/01/28 (Call 07/01/24)(a) | 10,940 | 4,549,216 | ||||||
8.25%, 03/01/27 (Call 07/01/24)(a)(b) | 15,924 | 7,295,103 |
Security | Par (000) | Value | ||||||
Telecommunications (continued) | ||||||||
CommScope Technologies LLC | ||||||||
5.00%, 03/15/27 (Call 06/11/24)(a) | $ | 12,258 | $ | 5,087,070 | ||||
6.00%, 06/15/25 (Call 06/11/24)(a)(b) | 21,076 | 17,324,472 | ||||||
Connect Finco SARL/Connect U.S. Finco LLC, | ||||||||
6.75%, 10/01/26 (Call 06/14/24)(a) | 39,019 | 36,872,955 | ||||||
Consolidated Communications Inc. | ||||||||
5.00%, 10/01/28 (Call 06/11/24)(a)(b) | 7,517 | 6,176,398 | ||||||
6.50%, 10/01/28 (Call 06/11/24)(a)(b) | 12,931 | 10,927,729 | ||||||
Frontier Communications Holdings LLC | ||||||||
5.00%, 05/01/28 (Call 07/01/24)(a)(b) | 26,406 | 24,656,603 | ||||||
5.88%, 10/15/27 (Call 07/01/24)(a)(b) | 20,251 | 19,727,850 | ||||||
5.88%, 11/01/29 (Call 11/01/24)(b) | 12,887 | 11,147,361 | ||||||
6.00%, 01/15/30 (Call 10/15/24)(a)(b) | 18,124 | 15,711,152 | ||||||
6.75%, 05/01/29 (Call 07/01/24)(a)(b) | 17,629 | 16,081,174 | ||||||
8.63%, 03/15/31 (Call 03/15/26)(a)(b) | 12,981 | 13,305,525 | ||||||
8.75%, 05/15/30 (Call 05/15/25)(a)(b) | 20,088 | 20,766,774 | ||||||
Hughes Satellite Systems Corp. | ||||||||
5.25%, 08/01/26 | 13,687 | 9,238,725 | ||||||
6.63%, 08/01/26(b) | 13,365 | 4,978,896 | ||||||
Iliad Holding SASU | ||||||||
6.50%, 10/15/26 (Call 06/11/24)(a) | 13,276 | 13,176,430 | ||||||
7.00%, 10/15/28 (Call 10/15/24)(a) | 17,734 | 17,568,217 | ||||||
8.50%, 04/15/31 (Call 04/15/27)(a)(b) | 7,992 | 8,081,910 | ||||||
Intelsat Jackson Holdings SA, 6.50%, 03/15/30 | ||||||||
(Call 03/15/25)(a)(b) | 51,397 | 48,345,560 | ||||||
Level 3 Financing Inc. | ||||||||
3.75%, 07/15/29 (Call 07/01/24)(a) | 6,675 | 2,232,788 | ||||||
3.88%, 10/15/30 (Call 03/22/25)(a)(b) | 10,393 | 5,663,596 | ||||||
4.00%, 04/15/31 (Call 03/22/25)(a)(b) | 11,994 | 6,506,745 | ||||||
4.50%, 04/01/30 (Call 03/22/26)(a)(b) | 10,906 | 6,266,405 | ||||||
4.88%, 06/15/29 (Call 03/22/26)(a) | 12,864 | 7,705,922 | ||||||
10.50%, 04/15/29 (Call 03/22/27)(a)(b) | 9,997 | 9,974,507 | ||||||
10.50%, 05/15/30 (Call 05/15/26)(a)(b) | 11,847 | 11,800,106 | ||||||
10.75%, 12/15/30 (Call 03/22/27)(a)(b) | 10,410 | 10,391,783 | ||||||
11.00%, 11/15/29 (Call 03/22/27)(a) | 24,710 | 25,358,451 | ||||||
Lumen Technologies Inc. | ||||||||
4.13%, 04/15/30 (Call 07/01/24)(a)(b) | 6,757 | 4,287,634 | ||||||
4.50%, 01/15/29 (Call 06/11/24)(a) | 5,172 | 1,534,532 | ||||||
5.13%, 12/15/26 (Call 07/01/24)(a)(b) | 3,710 | 2,352,176 | ||||||
Rogers Communications Inc., 5.25%, 03/15/82 | ||||||||
(Call 03/15/27), | ||||||||
(5-year CMT + 3.590%)(a)(b)(d) | 15,227 | 14,636,649 | ||||||
Viasat Inc., 7.50%, 05/30/31 | ||||||||
(Call 05/30/26)(a)(b) | 12,474 | 8,482,320 | ||||||
ViaSat Inc. | ||||||||
5.63%, 09/15/25 (Call 06/11/24)(a)(b) | 13,203 | 12,851,668 | ||||||
5.63%, 04/15/27 (Call 06/11/24)(a)(b) | 10,735 | 9,604,330 | ||||||
6.50%, 07/15/28 (Call 07/01/24)(a)(b) | 6,827 | 5,070,832 | ||||||
Vmed O2 U.K. Financing I PLC | ||||||||
4.25%, 01/31/31 (Call 01/31/26)(a) | 23,339 | 19,213,832 | ||||||
4.75%, 07/15/31 (Call 07/15/26)(a) | 24,572 | 20,414,744 | ||||||
Vmed O2 UK Financing I PLC, 7.75%, 04/15/32 | ||||||||
(Call 04/15/27)(a) | 12,886 | 12,568,944 | ||||||
Vodafone Group PLC | ||||||||
3.25%, 06/04/81 (Call 06/04/26), | ||||||||
(5-year CMT + 2.447%)(b)(d) | 11,329 | 10,561,234 | ||||||
4.13%, 06/04/81 (Call 03/04/31), | ||||||||
(5-year CMT + 2.767%)(b)(d) | 17,457 | 14,865,217 | ||||||
7.00%, 04/04/79 (Call 01/04/29), | ||||||||
(5-year USD Swap + 4.873%)(d) | 34,418 | 35,502,384 |
16
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 | (Percentages shown are based on Net Assets) |
Security | Par (000) | Value | ||||||
Telecommunications (continued) | ||||||||
Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 08/15/28 | ||||||||
(Call 07/01/24)(a)(b) | $ | 24,536 | $ | 23,085,370 | ||||
Zayo Group Holdings Inc. | ||||||||
4.00%, 03/01/27 (Call 07/01/24)(a)(b) | 26,163 | 20,462,736 | ||||||
6.13%, 03/01/28 (Call 07/01/24)(a)(b) | 18,484 | 12,576,883 | ||||||
797,595,404 | ||||||||
Transportation — 0.2% | ||||||||
Brightline East LLC, 11.00%, 01/31/30 | ||||||||
(Call 05/09/27)(a)(b) | 22,325 | 21,176,379 | ||||||
XPO Inc. | ||||||||
7.13%, 06/01/31 (Call 06/01/26)(a)(b) | 8,300 | 8,466,000 | ||||||
7.13%, 02/01/32 (Call 02/01/27)(a)(b) | 10,680 | 10,878,648 | ||||||
40,521,027 | ||||||||
Trucking & Leasing — 0.3% | ||||||||
AerCap Global Aviation Trust, 6.50%, 06/15/45 | ||||||||
(Call 06/15/25), (3-mo. SOFR + 4.562%)(a)(d) | 7,560 | 7,531,650 | ||||||
Fortress Transportation and Infrastructure Investors LLC | ||||||||
7.00%, 05/01/31 (Call 05/01/27)(a) | 12,031 | 12,156,844 | ||||||
7.88%, 12/01/30 (Call 12/01/26)(a) | 8,769 | 9,155,274 | ||||||
5.50%, 05/01/28 (Call 07/01/24)(a) | 17,377 | 16,795,392 | ||||||
9.75%, 08/01/27 (Call 06/11/24)(a) | 5,571 | 5,735,456 | ||||||
51,374,616 | ||||||||
Total Long-Term Investments — 98.5% | ||||||||
(Cost: $17,874,144,847) | 16,718,965,660 |
Shares | ||||||||
Short-Term Securities | ||||||||
Money Market Funds — 17.1% | ||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares, 5.49%(i)(j)(k) | 2,837,042,194 | 2,837,893,307 |
Security | Shares | Value | ||||||
Money Market Funds (continued) | ||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares, 5.28%(i)(j) | 57,220,000 | $ | 57,220,000 | |||||
Total Short-Term Securities — 17.1% | ||||||||
(Cost: $2,894,145,331) | 2,895,113,307 | |||||||
Total Investments — 115.6% | ||||||||
(Cost: $20,768,290,178) | 19,614,078,967 | |||||||
Liabilities in Excess of Other Assets — (15.6)% | (2,650,037,163 | ) | ||||||
Net Assets — 100.0% | $ | 16,964,041,804 |
(a) | Security exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may be resold in transactions exempt from registration to qualified institutional investors. |
(b) | All or a portion of this security is on loan. |
(c) | Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. |
(d) | Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of period end. Security description also includes the reference rate and spread if published and available. |
(e) | Issuer filed for bankruptcy and/or is in default. |
(f) | Non-income producing security. |
(g) | Perpetual security with no stated maturity date. |
(h) | This security may be resold to qualified foreign investors and foreign institutional buyers under Regulation S of the Securities Act of 1933. |
(i) | Affiliate of the Fund. |
(j) | Annualized 7-day yield as of period end. |
(k) | All or a portion of this security was purchased with the cash collateral from loaned securities. |
Affiliates
Investments in issuers considered to be affiliate(s) of the Fund during the period ended May 31, 2024 for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:
Affiliated Issuer | Value at 02/29/24 | Purchases at Cost | Proceeds from Sales | Net Realized Gain (Loss) | Change in Unrealized Appreciation (Depreciation) | Value at 05/31/24 | Shares Held at 05/31/24 | Income | Capital Gain Distributions from Underlying Funds | |||||||||||||||||||||||||||
BlackRock Cash Funds: Institutional, SL Agency Shares | $ | 3,144,643,833 | $ | — | $ | (306,212,465 | )(a) | $ | (75,019 | ) | $ | (463,042 | ) | $ | 2,837,893,307 | 2,837,042,194 | $ | 3,658,064 | (b) | $ | — | |||||||||||||||
BlackRock Cash Funds: Treasury, SL Agency Shares | 132,290,000 | — | (75,070,000 | )(a) | — | — | 57,220,000 | 57,220,000 | 854,791 | — | ||||||||||||||||||||||||||
$ | (75,019 | ) | $ | (463,042 | ) | $ | 2,895,113,307 | $ | 4,512,855 | $ | — | |||||||||||||||||||||||||
(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. |
17
Schedule of Investments (unaudited) (continued) | iShares® iBoxx $ High Yield Corporate Bond ETF |
May 31, 2024 |
Fair Value Hierarchy as of Period End
Various inputs are used in determining the fair value of financial instruments. These inputs to valuation techniques are categorized into a fair value hierarchy consisting of three broad levels for financial reporting purposes as follows:
● | Level 1 – Unadjusted price quotations in active markets/exchanges for identical assets or liabilities that each Fund has the ability to access; |
● | Level 2 – Other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs); and |
● | Level 3 – Unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Valuation Committee’s assumptions used in determining the fair value of financial instruments). |
The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. Investments classified within Level 3 have significant unobservable inputs used by the Valuation Committee in determining the price for Fair Valued Investments. Level 3 investments include equity or debt issued by privately held companies or funds. There may not be a secondary market, and/or there are a limited number of investors. The categorization of a value determined for financial instruments is based on the pricing transparency of the financial instruments and is not necessarily an indication of the risks associated with investing in those securities. For information about the Fund’s policy regarding valuation of financial instruments, refer to its most recent financial statements.
The following table summarizes the Fund’s financial instruments categorized in the fair value hierarchy. The breakdown of the Fund’s financial instruments into major categories is disclosed in the Schedule of Investments above.
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets | ||||||||||||||||
Investments | ||||||||||||||||
Long-Term Investments | ||||||||||||||||
Corporate Bonds & Notes | $ | — | $ | 16,718,965,660 | $ | — | $ | 16,718,965,660 | ||||||||
Short-Term Securities | ||||||||||||||||
Money Market Funds | 2,895,113,307 | — | — | 2,895,113,307 | ||||||||||||
$ | 2,895,113,307 | $ | 16,718,965,660 | $ | — | $ | 19,614,078,967 |
Portfolio Abbreviation | |
CMT | Constant Maturity Treasury |
LIBOR | London Interbank Offered Rate |
PIK | Payment-in-kind |
REIT | Real Estate Investment Trust |
SOFR | Secured Overnight Financing Rate |
18